乖宝宠物食品集团股份有限公司 第二期限制性股票激励计划首次授予激励对象名单 | 序 | 姓名 | 国籍 | 职务 | 获授的限制 性股票数量 | 占本次拟授予 限制性股票总 | 占本激励计 划公告日公 | | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | （万股） | 数的比例 | 司股本总额 | | | | | | | | 的比例 | | 1 | 杜士芳 | 中国 | 董事、总裁 | 17.51 | 31.49% | 0.0438% | | 2 | 高峰 | 中国 | 中高层管理人员 | 7.48 | 13.45% | 0.0187% | | 3 | 李成振 | 中国 | 中高层管理人员 | 6.03 | 10.85% | 0.0151% | | 4 | 李轲 | 中国 | 中高层管理人员 | 6.21 | 11.17% | 0.0155% | | 5 | 王亮 | 中国 | 中高层管理人员 | 7.27 | 13.08% | 0.0182% | | 6 | 穆欣 | 中国 | 中高层管理人员 | 1.47 | 2.64% | 0.0037% | ...

乖宝宠物食品集团股份有限公司 乖宝宠物食品集团股份有限公司 2025 年 8 月 11 日 公司简称：乖宝宠物 股票代码：301498 独立财务顾问：无 | 序号 | 事项 | 是否存在该 事项（是/ | 备注 | | --- | --- | --- | --- | | | | 否/不适 | | | | | 用） | | | | 上市公司合规性要求 | | | | 1 | 最近一个会计年度财务会计报告是否被注册会计师出具否定意 | 否 | | | | 见或者无法表示意见的审计报告 | | | | 2 | 最近一个会计年度财务报告内部控制被注册会计师出具否定意 | 否 | | | | 见或者无法表示意见的审计报告 | | | | 3 | 上市后最近 36 个月内出现过未按法律法规、公司章程、公开承 | 否 | | | | 诺进行利润分配的情形 | | | | 4 | 是否存在其他不适宜实施股权激励的情形 | 否 | | | 5 | 是否已经建立绩效考核体系和考核办法 | 是 | | | 6 | 是否为激励对象提供贷款以及其他任何形式的财务资助 | 否 | | | | 激励对象合规性要求 | | | | | 是否 ...

（1）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （2）最近一个会计年度财务报告内部控制被注册会计师出具否定意见或无 法表示意见的审计报告； 乖宝宠物食品集团股份有限公司 董事会薪酬与考核委员会与监事会 关于第二期限制性股票激励计划的核查意见 乖宝宠物食品集团股份有限公司（以下简称"公司"）董事会薪酬与考核委 员会与监事会根据《公司法》《证券法》《上市公司股权激励管理办法》（以下 简称"《管理办法》"）、《深圳证券交易所创业板股票上市规则》（以下简称 "《上市规则》"）、《深圳证券交易所创业板上市公司自律监管指南第 1 号— —业务办理》等法律、法规、规范性文件和《公司章程》的有关规定，对第二期 限制性股票激励计划（以下简称"本激励计划"）进行了核查，发表核查意见如 下： 1、公司不存在《管理办法》等法律、法规规定的禁止实施股权激励计划的 情形，包括： （3）上市后最近 36 个月内出现过未按法律法规、《公司章程》、公开承诺 进行利润分配的情形； （4）法律法规规定不得实行股权激励的； （5）中国证监会认定的其他情形。 公司具备实施本次激励计划的主体资格。 2、本次激励 ...

证券简称：乖宝宠物 证券代码：301498 乖宝宠物食品集团股份有限公司 第二期限制性股票激励计划 （草案） 乖宝宠物食品集团股份有限公司 二〇二五年八月 乖宝宠物食品集团股份有限公司第二期限制性股票激励计划（草案） 声明 本公司及全体董事保证本激励计划不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别和连带的法律责任。 本公司承诺，本激励计划相关信息披露文件不存在虚假记载、误导性陈述或 者重大遗漏。 所有激励对象承诺：若本公司因信息披露文件中有虚假记载、误导性陈述或 者重大遗漏，导致不符合授予权益或权益归属安排的，激励对象应当自相关信息 披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本激励计划所 获得的全部利益返还本公司。 2 乖宝宠物食品集团股份有限公司第二期限制性股票激励计划（草案） 特别提示 一、本激励计划系乖宝宠物食品集团股份有限公司（以下简称"公司""本 公司"）依据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券 交易所创业板股票上市规则》《上市公司股权激励管理办法》《深圳证券交易所 创业板上市公司自律监管指南第1号——业务办理》和其他 ...

Summary of Key Points Core Viewpoint - The report highlights the compensation trends of CFOs in A-share listed companies for 2024, indicating a total salary scale of 4.27 billion yuan and an average annual salary of 814,800 yuan. Group 1: Overall Compensation Data - The total compensation for CFOs in A-share listed companies reached 4.27 billion yuan, with an average annual salary of 814,800 yuan [1]. - 67% of CFOs experienced salary increases last year, while 28% saw declines [8]. Group 2: Industry-Specific Insights - In the agriculture, forestry, animal husbandry, and fishery sector, the average salary for CFOs is 787,100 yuan, which is below the market average [1]. - Among 22 CFOs in the agriculture, forestry, animal husbandry, and fishery sector earning over 1 million yuan, five companies reported revenues exceeding 100 billion yuan [6]. Group 3: Age and Educational Background - The majority of CFOs are aged between 40 and 50 years, accounting for 43% of the total [1]. - Educationally, 48% of CFOs hold a bachelor's degree, while 37% have a master's degree [3]. Group 4: Salary Distribution - The largest salary bracket is 500,000 to 1 million yuan, comprising 31% of CFOs, followed by 300,000 to 500,000 yuan at 27% [5]. - The highest-paid CFO is from Haida Group, earning 4.26 million yuan, while the lowest is from Denghai Seed Industry, earning 150,000 yuan [6]. Group 5: Notable Salary Changes - Significant salary increases were noted for CFOs such as Yang Shaolin from Haida Group, whose salary rose by 2.27 million yuan [8]. - Conversely, the largest salary decrease was for Wang Yonghong from Zhengbang Technology, whose salary fell from 2.20 million yuan to 586,000 yuan [8].

Core Viewpoint - The global pet food industry is thriving, with a market size exceeding one trillion RMB and a projected growth rate that outpaces other sectors, indicating a golden era for domestic pet food brands in China [1][4]. Industry Overview - The global pet food market is expected to reach USD 147.3 billion by 2024, with a CAGR of 5.7% from 2024 to 2029 [1]. - The competitive landscape shows strong profitability, with the CR3 for global pet food, infant formula, and beauty sectors at 46.7%, 39.5%, and 25.4% respectively [2]. - The U.S. and Japan pet markets have shown significant growth, with CAGRs of 8.2% and 3.2% from 2000 to 2024, respectively, outpacing GDP growth [2]. Key Players and Strategies - Mars is projected to generate USD 32.8 billion in pet revenue in 2024, holding a market share of 21.4% [3]. - Nestlé is expected to achieve USD 23.3 billion in pet revenue in 2024, with a market share of 20% [3]. - Hill's, a pioneer in prescription pet food, holds a 5.1% market share in the pet food sector, with a prescription food market share of 53% [3]. - Freshpet leads the North American fresh pet food market with a 96% market share in Q1 2025 [3]. Insights for China - The Chinese pet food industry is poised for significant growth, with potential for improved scale, structure, and profitability [4]. - Product innovation is crucial, with a focus on functional and prescription pet foods that command higher prices and margins [4]. - A multi-brand strategy is becoming essential, as evidenced by the global CR5 for pet food companies and brands at 52% and 17%, respectively [4]. - Local distribution channels are key for brand emergence, shifting from efficiency-driven to a balance of efficiency and customer experience [4].

Investment Rating - The report maintains a "Recommended" rating for the agricultural, forestry, animal husbandry, and fishery industry [1][8]. Core Viewpoints - The report highlights a long-term revaluation opportunity for the pig industry, indicating that while pig prices are experiencing fluctuations, there is still downward pressure. The industry is expected to transition towards a self-regulatory and stable phase, benefiting leading companies such as Wens Foodstuffs, Muyuan Foods, and Juxing Agriculture [4][14]. - The poultry sector is currently facing low prices, but there are signs of marginal improvement in the cycle, with recommendations for companies like Shennong Development and Lihua Stock [5][24]. - The animal health sector is anticipated to see performance recovery and investment opportunities in pet medical services, with a focus on companies like Kexin Biological and Ruipuhua [6][34]. - The planting sector is experiencing a decline in the pig-to-grain price ratio, with ongoing commercialization of genetically modified seeds benefiting early adopters [7][37]. - The feed sector is witnessing price fluctuations, with recommendations for Haida Group and attention to He Feng Stock [7][42]. - The pet economy is thriving, with domestic brands gaining strength, and the report recommends companies in the pet food sector such as Guibao Pet and Zhongchong Stock [7][51]. Summary by Sections Pig Industry - The average price of pigs is currently around 14.08 yuan/kg, with fluctuations noted [14]. - The number of breeding sows has increased slightly, indicating a stable supply [14]. - Key recommendations include Wens Foodstuffs, Muyuan Foods, and Juxing Agriculture, with a suggestion to pay attention to Dekang Agriculture [4][14]. Poultry Industry - The price of white feather chicken is low, with a focus on potential marginal improvements in the cycle [5][23]. - The report notes a significant update in the breeding stock, with a mix of imported and self-bred varieties [5][24]. - Recommended companies include Shennong Development and Lihua Stock [5][24]. Animal Health - The report anticipates continued recovery in animal health companies' performance, supported by stable profits in the pig farming sector [6][34]. - The approval of mRNA vaccines for veterinary use marks a significant technological advancement [6][34]. - Recommended companies include Kexin Biological and Ruipuhua, with additional attention to Huisheng Biological and Jinhai Biological [6][34]. Planting Sector - The pig-to-grain price ratio has decreased, with ongoing commercialization of genetically modified seeds [7][37]. - Recommendations include Suqian Agricultural Development and Longping High-Tech [7][37]. Feed Sector - Feed prices are experiencing fluctuations, with specific prices noted for different types of feed [7][42]. - The report suggests that the feed industry is likely to see increased concentration, recommending Haida Group and monitoring He Feng Stock [7][42]. Pet Industry - The pet market is growing, with a significant increase in consumption and brand development [7][51]. - Recommendations include Guibao Pet, Zhongchong Stock, and Peidi Stock in the pet food sector, as well as Ruipuhua in the pet medical sector [7][51].

Core Insights - The feed sector experienced a rise of 0.99% on August 4, with Zhongchong Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Summary by Category Stock Performance - Zhongchong Co., Ltd. (002891) closed at 58.43, with a gain of 6.33% and a trading volume of 116,900 shares, amounting to a transaction value of 677 million yuan [1] - Other notable performers include: - Guobao Pet (301498) at 92.49, up 2.09% [1] - Petty Co., Ltd. (300673) at 15.75, up 2.01% [1] - Lusi Co., Ltd. (832419) at 21.76, up 1.82% [1] Capital Flow - The feed sector saw a net inflow of 15.24 million yuan from institutional investors, while retail investors contributed a net inflow of 7.74 million yuan [2] - Notable capital flows for specific stocks include: - Zhongchong Co., Ltd. with a net inflow of 48.16 million yuan from institutional investors [3] - Guobao Pet with a net inflow of 19.14 million yuan from institutional investors [3] - Dabeinong (002385) with a net inflow of 2.24 million yuan from institutional investors [3]

Core Insights - The China Securities 500 Quality Growth Index has shown a slight increase of 0.22% as of August 4, 2025, with notable stock performances from companies like ShenZhou TaiYue and JieJia WeiChuang, which rose by 8.95% and 6.00% respectively [1] - Analysts suggest that August may see a rotation of market hotspots due to a lack of performance expectations, advising caution in high-risk investments [1] - The index is currently at a historical low valuation with a price-to-book ratio (PB) of 1.92, indicating strong value for investors [2] Market Performance - The top ten weighted stocks in the China Securities 500 Quality Growth Index account for 20.47% of the index, with Dongwu Securities and Kaiying Network being the largest contributors [2] - The 500 Quality Growth ETF closely tracks the index and has recently reported a price of 1.02 yuan, reflecting a 0.20% increase [1] Investment Strategy - Analysts from Galaxy Securities recommend focusing on companies with strong performance certainty during the current reporting period, while also noting the potential for localized market movements [1] - Guotou Securities emphasizes that the current bull market logic driven by liquidity remains intact, predicting a strong market index performance in August [1]

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 710,000 yuan [1] - A total of 1,144 company secretaries earned over 1 million yuan, accounting for more than 21% of the total [1] Salary Distribution - The highest-paid company secretary is Hong Meiling from Jinlongyu, earning 3.35 million yuan, despite the company's revenue declining by 5.03% and net profit by 12.14% in 2024 [2] - The salary distribution shows that 42% of company secretaries earn between 500,000 yuan and 1 million yuan, while 20% earn between 300,000 yuan and 500,000 yuan, and 19% earn between 100,000 yuan and 300,000 yuan [2] - A total of 44 company secretaries saw salary increases in 2024, representing 63% of those analyzed, while 22 experienced salary declines, accounting for 31% [2] Age and Education - The majority of company secretaries are aged between 40 and 50 years, making up 51% of the total, while those aged 50 and above account for 31% [1] - In terms of education, 49% hold a master's degree, 44% have a bachelor's degree, and 5% have an associate degree, with two secretaries holding a doctoral degree [1] Notable Changes - The largest salary increase was for Wang Peng from Guai Bao Pet, whose salary rose from 445,600 yuan to 1.1423 million yuan [2] - The largest salary decrease was for Pan Xichun from COFCO Technology, whose salary fell by 764,900 yuan to 695,100 yuan [3]