山东益生种畜禽股份有限公司（以下简称"公司""益生股份"） 于 2026 年 1 月 15 日召开第七届董事会第一次会议，审议通过了《关 于使用部分闲置募集资金暂时补充流动资金的议案》，同意公司在确 保不影响募集资金投资项目建设进度的情况下，使用不超过人民币 2.2 亿元闲置募集资金暂时补充流动资金，使用期限自董事会审议通 过之日起不超过 12 个月。本次使用部分闲置募集资金暂时补充流动 资金事项在董事会审批权限范围内，经董事会审议批准后无需提交股 东会审议。现将有关情况公告如下： 关于使用部分闲置募集资金暂时补充流动资金的公告 证券代码：002458 证券简称：益生股份 公告编号：2026-007 山东益生种畜禽股份有限公司 关于使用部分闲置募集资金暂时补充流动资金 的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、募集资金的基本情况 经中国证券监督管理委员会《关于同意山东益生种畜禽股份有限 公司向特定对象发行股票注册的批复》（证监许可〔2023〕1598 号） 同意注册，公司本次向特定对象发行股票数量为 113,502,935 股，发 行价格为10 ...

董事会决议公告 证券代码：002458 证券简称：益生股份 公告编号：2026-005 山东益生种畜禽股份有限公司 第七届董事会第一次会议 决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 2026 年 1 月 15 日，山东益生种畜禽股份有限公司（以下简称"公 司"或"益生股份"）第七届董事会第一次会议在公司会议室以现场方 式召开。本次会议在公司 2026 年第一次临时股东会选举产生第七届董 事会成员后召开，经全体董事一致同意豁免董事会临时会议通知时限， 会议通知于 2026 年 1 月 15 日通过通讯方式送达董事。会议应出席董 事七人，实际出席董事七人。会议由全体董事共同推举曹积生先生主 持。 本次会议的召集、召开程序符合《中华人民共和国公司法》（以下 简称《公司法》）和《公司章程》的有关规定。 二、董事会会议审议情况 本次会议经记名投票表决方式，通过决议如下： 1、审议通过《关于选举公司董事长的议案》。 表决情况：7票同意，0票反对，0票弃权。 选举曹积生先生为公司第七届董事会董事长。 董事长任期与本届董事会一致。 2 ...

Core Viewpoint - Yisheng Co., Ltd. has experienced a decline in stock price and significant changes in financial performance, indicating potential challenges in the poultry and livestock industry [1][2]. Financial Performance - As of January 16, Yisheng's stock price decreased by 2.08% to 8.96 CNY per share, with a total market capitalization of 9.913 billion CNY [1]. - For the period from January to September 2025, Yisheng reported a revenue of 2.036 billion CNY, a year-on-year decrease of 5.44%, and a net profit attributable to shareholders of 31.7869 million CNY, down 89.42% year-on-year [2]. Stock and Shareholder Information - The number of shareholders as of September 30 was 42,200, a decrease of 12.13% from the previous period, while the average circulating shares per person increased by 13.80% to 17,754 shares [2]. - Yisheng has distributed a total of 1.692 billion CNY in dividends since its A-share listing, with 602 million CNY distributed over the last three years [3]. Business Overview - Yisheng Co., Ltd. specializes in the breeding and sales of various poultry and livestock, with its main revenue sources being chicken (76.18%), pigs (15.47%), and livestock equipment (5.48%) [1]. - The company is categorized under the agricultural and livestock industry, specifically in the meat chicken breeding sector, and is involved in several concept sectors including rural revitalization and pork-related concepts [2]. Institutional Holdings - As of September 30, 2025, the sixth largest circulating shareholder is the Guotai Zhongzheng Livestock Breeding ETF, holding 14.8357 million shares, an increase of 5.3849 million shares from the previous period [3].

Group 1 - The company announced the approval of multiple proposals at the first extraordinary shareholders' meeting of 2026, including the independent director's allowance and the adjustment of some fundraising purposes [2]

股东会决议公告 证券代码：002458 证券简称：益生股份 公告编号：2026-004 山东益生种畜禽股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决提案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况： （一）会议召开情况 1、会议召开时间： 现场会议时间：2026 年 1 月 15 日 14：30。 网络投票时间： （1）通过深圳证券交易所交易系统进行网络投票的时间为：2026 年 1 月 15 日 09:15—09:25、09:30-11:30，13:00-15:00； （2）通过深圳证券交易所互联网投票系统进行网络投票的时间为：2026 年 1 月 15 日 09:15-15:00 期间的任意时间。 2、现场会议召开地点：山东省烟台市福山区益生路 1 号，山东益生种畜禽股份 有限公司会议室。 3、会议召开方式：现场投票与网络投票相结合的方式。 4、会议召集人：董事会。 5、会议主持人：董事长曹积生先生。 股东会决议公告 本次股东会的 ...

北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 北京金诚同达律师事务所 关于 山东益生种畜禽股份有限公司 2026 年第一次临时股东会的 法律意见书 关于山东益生种畜禽股份有限公司 2026 年第一次临时股东会的 法律意见书 金证法意[2026]字 0115 第 0023 号 致：山东益生种畜禽股份有限公司 北京金诚同达律师事务所（以下简称"本所"）接受山东益生种畜禽股份有 限公司（以下简称"益生股份"或"公司"）的聘请，指派本所律师出席公司 2026 年第一次临时股东会（以下简称"本次股东会"）并对会议的相关事项出具法律 意见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华 人民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"）《律师 事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则（试行）》 等有关法律、法规和规范性文件的要求以及《山东益生种畜禽股份有限公司章程》 （以下简称"《公司章程》"）的规定，对本次股东会 ...

Investment Rating - The investment rating for the poultry farming industry is "Strongly Recommended" for key companies such as Shengnong Development, Wens Foodstuff Group, and Lihua Co., Ltd. [4] Core Insights - The report highlights that the price of white feather chickens has reached a yearly high, significantly improving profitability in the breeding sector. The supply of chickens is tightening, and the impact of avian influenza on imports is expected to boost the breeding segment's outlook. Yellow feather chickens continue to maintain good profitability. [2][10][12] Summary by Sections White Feather Chicken - The average price of broiler chickens in December reached 7.44 yuan/kg, showing a year-on-year decrease of 1.5% but a month-on-month increase of 4.3%. The average price of chicken products was 9088 yuan/ton, down 2.4% year-on-year but up 2% month-on-month. The breeding sector saw a loss of 0.26 yuan per chicken, but profitability has improved significantly compared to the previous year. [10][11] - The average price of chicken seedlings in December was 3.54 yuan per chick, down 11.1% year-on-year but up 1.2% month-on-month. Major companies like Yisheng sold 61.74 million chicks, a year-on-year increase of 39.6%. [11] - The report notes that the import volume of grandparent stock white feather chickens in China decreased by over 10% year-on-year, and avian influenza outbreaks in France have further impacted imports, leading to a positive outlook for the breeding segment. [12][31] Yellow Feather Chicken - The average price of fast-growing yellow feather chickens in December was 4.24 yuan per jin, down 13.4% year-on-year and 12% month-on-month. The average price of Xueshan grass chickens was 7.93 yuan per jin, down 5% year-on-year but up 3.3% month-on-month. The winter season has improved consumption, maintaining good profitability in the breeding sector. [22][26] - The report indicates that the production capacity of parent yellow feather chickens has dropped to historically low levels, which, combined with prolonged industry losses, is expected to lead to a supply contraction and set the stage for price increases in 2026. [27][31] - The cost of raising yellow feather chickens has decreased, with major companies reporting costs around 5.7 yuan per jin for Wens and 5.5-5.6 yuan per jin for Lihua. A recovery in chicken prices is anticipated to significantly enhance profitability. [27][31] Investment Recommendations - The report recommends focusing on the breeding segment of white feather chickens, with Shengnong Development highlighted as a key investment opportunity. For yellow feather chickens, Lihua Co., Ltd. and Dekang Agriculture are recommended due to their favorable cost structures and potential for profitability in the upcoming period. [30][31]

Group 1: Transportation Industry - The geopolitical situation may usher in an "oil transportation era," driven by U.S. sanctions on Venezuela and Iran, which have significantly reduced oil exports from these countries [2][7][10] - In the short term, Venezuela's oil exports are expected to be limited due to transportation blockades, translating to a demand equivalent to 19 VLCCs (Very Large Crude Carriers) [8] - If U.S. sanctions are lifted, Venezuela's oil exports could reach a historical peak of 2.4 million barrels per day, requiring 141 VLCCs [8] - For Iran, if domestic unrest escalates, oil trade demand may shift to compliant suppliers, equating to a need for 38 VLCCs [9] - The shadow fleet has allowed Russia to maintain oil exports despite sanctions, with potential increases in demand for VLCCs depending on geopolitical developments [10] Group 2: Agriculture and Livestock Industry - The pig farming sector is experiencing a slight recovery, with prices stabilizing around 12.7 yuan/kg, although production capacity is still under pressure [12][13] - The industry is seeing a shift towards protecting farmers' rights and encouraging innovation, which may lead to a more favorable pricing environment for pigs [13] - The chicken industry faces ongoing challenges with high production and weak consumption, but leading companies may gain market share [14] - The feed sector is witnessing price increases, particularly for special water fish, indicating potential growth opportunities for companies like Haida Group [15][16] Group 3: Real Estate Industry - The real estate sector has seen a 5.1% increase, with new housing transactions in 42 key cities totaling 137 million square meters, a 46.7% decrease from the previous period [23][24] - The government is expanding public rental housing and relaxing housing fund policies to stimulate demand [25] - The market sentiment is improving, with potential for a new wave of value reassessment among Hong Kong developers [27]

Investment Rating - The industry is rated as "Leading the Market - A" with a maintained rating [5]. Core Views - The recent pig prices are expected to fluctuate within a range, with a focus on changes in production capacity [19][21]. - The white feather chicken market is experiencing a supply-demand mismatch, with stable prices but cautious market sentiment [33]. - The aquaculture sector shows stable prices, presenting potential investment opportunities [47]. Summary by Sections 1. Weekly Market Review - The agricultural sector increased by 0.98% during the latest trading week, ranking 29th among the primary industries [12]. - The animal health sector saw significant gains, with notable increases in specific stocks [15]. 2. Industry Data Tracking 2.1. Pig Farming - The average price of live pigs is 12.49 CNY/kg, with a week-on-week increase of 1.54% and a two-week increase of 4.22% [18]. - The average price of piglets is 363 CNY/head, stable over the past two weeks [19]. - The average daily slaughter volume of pigs is 226,500 heads, showing a week-on-week decrease of 5.12% [19]. 2.2. Poultry Farming - The average price of white feather chicken is 7.64 CNY/kg, down 1.04% week-on-week [33]. - The price of chicken seedlings is 3.59 CNY/bird, up 1.70% week-on-week [33]. - The market is stable, but there is a notable increase in inventory levels due to weak demand [33]. 2.3. Planting Sector - The average price of corn is 2,352.77 CNY/ton, with a slight increase of 0.02% week-on-week [42]. - The average price of domestic wheat is 2,512.98 CNY/ton, down 0.12% week-on-week [42]. - The average price of domestic soybeans is 4,048.42 CNY/ton, up 0.50% week-on-week [42]. 2.4. Aquaculture Sector - The average price of carp is 20.00 CNY/kg, stable week-on-week, with a year-on-year increase of 11.11% [47]. - The average price of crab is 260.00 CNY/kg, showing a significant year-on-year increase of 30.00% [47]. - The average price of shrimp is 320.00 CNY/kg, stable week-on-week but down 11.11% year-on-year [47].

- The report discusses the market performance on January 13, 2026, highlighting that most indices were in a declining state, with the SSE 50 Index performing relatively better, declining by 0.34%[6] - The report also notes that the SSE Composite Index performed better among sector indices, declining by 0.64%[6] - In terms of style indices, the CSI 300 Value Index performed better, increasing by 0.42%[6] - The report provides detailed performance data for various industry indices, with the petroleum and petrochemical, pharmaceutical, non-ferrous metals, media, and banking industries performing relatively well, while the defense and military, comprehensive finance, communication, electronics, and machinery industries performed poorly[7] - The report includes data on market sentiment, noting that 75 stocks hit the daily limit up and 58 stocks hit the daily limit down at the close of trading on January 13, 2026[2] - The report provides information on the financing and securities lending balance as of January 12, 2026, with a total balance of 2.6741 trillion yuan, including a financing balance of 2.6560 trillion yuan and a securities lending balance of 181 billion yuan[2] - The report discusses the premium and discount rates of ETFs, noting that the Sci-Tech Innovation Board AI ETF Morgan had the highest premium of 9.95% on January 12, 2026, while the Financial Technology ETF E Fund had the highest discount of 1.19%[3] - The report includes data on block trading, noting that the average daily transaction amount of block trades in the past six months was 2.2 billion yuan, with a transaction amount of 2.5 billion yuan on January 12, 2026, and an average discount rate of 6.77% over the past six months, with a discount rate of 9.98% on January 12, 2026[3] - The report provides data on the annualized discount rates of the main contracts of stock index futures for the SSE 50, CSI 300, CSI 500, and CSI 1000 indices, noting that the annualized discount rate for the main contract of the SSE 50 index futures was 0.89% on January 13, 2026, while the annualized discount rates for the main contracts of the CSI 300, CSI 500, and CSI 1000 index futures were 0.30%, 0.88%, and 3.10%, respectively[3][29] - The report includes data on institutional attention and the Dragon and Tiger List, noting that the stocks with the most institutional research in the past week were Yiwang Yichuang, Qianfang Technology, Hengyi Petrochemical, Anji Technology, Yisheng Shares, Hehe Information, Xingfa Group, and Lante Optics, with Yiwang Yichuang being researched by 94 institutions[4][31] - The report provides data on the net inflow and outflow of institutional seats on the Dragon and Tiger List, noting that the top ten stocks with net inflows were China Satellite, Hengwei Technology, Chinese Online, Guangyun Technology, Yidian Tianxia, Shenguang Group, Jiayuan Technology, Xinghuan Technology-U, Junda Shares, and Tianlong Group, while the top ten stocks with net outflows were Aerospace Electronics, Guobo Electronics, Tongyu Communications, Zhongchao Holdings, Aerospace Development, Zhongke Xingtu, Haige Communications, Galaxy Electronics, Zhongneng Electric, and Juli Rigging[4][37] - The report also provides data on the net inflow and outflow of Northbound funds on the Dragon and Tiger List, noting that the top ten stocks with net inflows were Chinese Online, Tongyu Communications, Tianlong Group, Haige Communications, China Satellite, Hengwei Technology, Xinghuan Technology-U, Luxin Venture Capital, Dike Shares, and Zhongchao Holdings, while the top ten stocks with net outflows were Leike Defense, Shanghai Construction, Galaxy Electronics, Runchang Bio, Zhongke Xingtu, Western Materials, Northern Navigation, Aerospace Information, Saili Medical, and Visual China[4][38]