山东仙坛集团股份有限公司（以下简称"公司"）因生产经营需要，2026 年 度公司及控股子公司预计与烟台仙丰包装彩印有限公司、烟台仙鹏塑料制品有限 公司发生采购包装物等日常关联交易。 2026 年 2 月 9 日，公司第五届董事会独立董事专门会议 2026 年第一次会议 审议通过了《关于公司 2026 年度预计日常关联交易的议案》。2026 年 2 月 9 日， 公司第五届董事会第十六次会议审议通过《关于公司 2026 年度预计日常关联交 易的议案》，关联董事王寿纯、王寿恒在审议该议案时均予以回避表决。按照《公 司章程》及公司《关联交易制度》的规定，上述关联交易议案只需经董事会审议 通过，无需经股东会审议。本次关联交易不构成《上市公司重大资产重组管理办 法》规定的重大资产重组，无需经过其他有关部门批准。 2025 年 4 月 18 日，公司第五届董事会第十一次会议审议通过《关于公司 2025 年度预计日常关联交易的议案》，预计公司 2025 年度将与烟台仙丰包装彩 印有限公司、烟台仙鹏塑料制品有限公司发生关联交易的额度为 3,500 万元、 3,000 万元，关联董事王寿纯、王寿恒在审议该议案时均予以回避表决。 ...

山东仙坛集团股份有限公司 关于召开公司 2026 年第一次临时股东会的通知 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。 山东仙坛集团股份有限公司（以下简称"公司"）于 2026 年 02 月 09 日召开第五届董 事会第十六次会议，决定于 2026 年 03 月 02 日在公司会议室召开 2026 年第一次临时股东会 （以下简称"本次股东会"），现就召开本次股东会的相关事项通知如下： 一、召开会议的基本情况 1、股东会届次：公司 2026 年第一次临时股东会 2、股东会的召集人：董事会 证券代码：002746 证券简称：仙坛股份 公告编号：2026-005 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上 市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等 法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2026 年 03 月 02 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 03 月 02 日 ...

证券代码：002746 证券简称：仙坛股份 公告编号：2026-003 山东仙坛集团股份有限公司 第五届董事会第十六次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 山东仙坛集团股份有限公司（以下简称"公司"）第五届董事会第十六次会 议于 2026 年 2 月 9 日在公司三楼会议室以现场和通讯相结合的方式召开，通知 已于 2026 年 2 月 1 日以通讯、书面方式送达公司全体董事。本次会议由董事长 王寿纯先生主持，会议应出席董事 7 人，实际出席会议董事 7 人，独立董事史宇 女士以通讯方式出席会议并行使表决权。公司高级管理人员列席会议。本次会议 的召集、召开符合《中华人民共和国公司法》和《公司章程》的规定。 会议以记名投票表决方式审议并通过如下决议： 一、审议通过《关于选举公司第六届董事会非独立董事的议案》 公司第五届董事会任期届满。经公司董事会提名委员会提名，董事会同意提 名王寿纯先生、王寿恒先生、姜建平先生、王清女士、许士卫先生为公司第六届 董事会非独立董事候选人，并提交公司 2026 年第一次临时股东会，采取累积投 票制进行表决。董事 ...

仙坛股份公告，公司2026年1月实现鸡肉产品销售收入5.46亿元，销售数量5.59万吨，同比变动幅度分别 为54.90%、44.89%，环比变动幅度分别为3.01%、1.49%。其中，家禽饲养加工行业实现鸡肉产品销售 收入4.84亿元，销售数量5.18万吨（注：抵消前的鸡肉产品销售收入为53,421.49万元，销售数量5.54万 吨），同比变动52.02%、43.28%，环比变动2.46%、1.14%；食品加工行业实现鸡肉产品销售收入 6199.29万元，销售数量0.41万吨，同比变动81.69%、69.09%，环比变动7.52%、6.21%。 ...

Company Overview - Yisheng Co., established in 1989, specializes in breeding white feather broiler chickens, pigs, and agricultural equipment, with a strong presence in Shandong, Hebei, Jiangsu, Anhui, Shanxi, and Heilongjiang provinces [1] - The company is the largest ancestor broiler chicken breeding enterprise in Asia, with over 400,000 sets of ancestor broiler chickens and 7 million sets of parent broiler chickens, selling over 600 million commercial chicks annually [1][2] - Yisheng has a strong competitive edge in high-generation livestock breeding and has implemented a disease purification strategy to ensure healthy breeding sources [2] Industry Situation - China's total poultry meat production is increasing, with white feather chicken production on the rise, expected to account for nearly 50% of poultry meat by 2024 [3] - There is a significant gap in per capita chicken consumption in China compared to countries like the USA and Brazil, indicating growth potential for the white feather chicken industry [3] - The "Healthy China" initiative is expected to boost white meat consumption, while red meat consumption declines, favoring the growth of the white feather chicken market [3] 2026 Development Outlook - The company's core strategy for 2026 focuses on strengthening breeding sources, expanding chicken production, and increasing pig production [4] - In 2025, Yisheng's ancestor broiler chicken import volume reached 266,000 sets, accounting for 43% of the national total, maintaining industry leadership [5] - The company aims to increase parent chicken stock to 10 million sets and commercial chick production to 1 billion within four years [5] Investor Q&A Highlights - In 2025, Yisheng's introduction of ancestor white feather broiler chickens was 266,000 sets, with a national total of approximately 620,000 sets [6] - The company benefits from strong customer relationships and a high level of disease control, enhancing its market reputation [7] - The price for parent broiler chicks in February 2026 was set at 60 RMB per set, with all sales planned for April already booked [8] - The company anticipates a significant increase in parent chick supply in 2026 due to higher import volumes in 2025 [9] Market Outlook for 2026 - The market for parent broiler chicks is expected to be strong due to a decrease in ancestor chicken imports, leading to a supply shortage [11] - The anticipated rise in pork prices in the second half of 2026 may positively influence chicken prices, benefiting the commercial chick market [11]

Investment Rating - The report gives an "Overweight" rating for the agricultural industry, indicating that it is expected to outperform the overall market [3][10]. Core Insights - The 2026 Central Document emphasizes food security and agricultural modernization, reiterating the importance of "new agricultural productivity" and the continuous focus on seed industry revitalization, particularly in biological breeding [4]. - In livestock, there is a shift towards "strengthening" comprehensive regulation of pig production capacity, with a focus on stabilizing the beef and dairy industries, and promoting dairy product consumption [4]. - The document highlights the importance of grain security, aiming to stabilize grain production at around 14 trillion jin, and introduces measures to enhance grain circulation efficiency [4]. - The report outlines the implementation of agricultural technology, including the integration of artificial intelligence with agriculture, and identifies key application scenarios such as drones, IoT, and robotics [4]. - The report suggests three main investment focuses: the recovery of the beef and dairy industries, the expected rebound in the pig cycle, and the continued advancement of the seed industry and biological breeding [4]. Summary by Sections Livestock Industry - The report indicates a comprehensive approach to regulating pig production capacity and acknowledges the success of measures taken to support the beef and dairy industries [4]. - It also mentions the introduction of multiple measures to promote dairy product consumption for the first time [4]. Crop Production - The focus remains on food security, with a commitment to stabilize grain production and enhance the efficiency of grain circulation [4]. - The report introduces a new round of initiatives aimed at increasing grain production capacity, particularly for oilseed crops like soybeans [4]. Seed Industry - The report emphasizes the ongoing implementation of seed industry revitalization actions and the acceleration of biological breeding industrialization [4]. - It notes the continuous mention of biological breeding in the Central Document over the past six years, highlighting its growing importance [4]. Agricultural Technology - The report outlines the path for implementing new agricultural productivity, emphasizing the need for technology integration, particularly in AI applications [4]. Agricultural Trade - The report advocates for the coordination of agricultural trade and production, promoting diversification of agricultural imports and supporting the export of competitive agricultural products [4].

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [5][8]. Core Viewpoints - The company is a leader in China's egg product processing industry, with strong B-end customer relationships and significant technological barriers. The C-end market is expected to open up new growth opportunities [5][10]. - The Chinese egg product processing market is projected to exceed 50 billion yuan in 2024, with steady growth in downstream demand [7][33]. - The company has established long-term partnerships with major clients such as Unilever and Yum, driving growth through capacity expansion and innovation [10][57]. Summary by Sections 1. Business Overview - The company focuses on the development, production, and sales of liquid eggs, egg powder, and various egg-based prepared products, being a key player in agricultural industrialization [15][18]. - The company has four production bases in China and has been a pioneer in the egg product processing industry, ensuring product quality and safety [15][18]. 2. Industry Analysis - The Chinese egg product processing market is expected to grow significantly, with a market size surpassing 50 billion yuan in 2024 and a year-on-year growth rate of 7% [33][52]. - The processing rate of eggs in China is currently only 5%-7%, indicating substantial room for growth compared to developed countries [44][52]. 3. Customer Relationships and Innovation - The company has established strong ties with major clients, including Unilever and Yum, and is focused on expanding its capacity and enhancing its R&D capabilities [10][57]. - The company has launched innovative products such as egg white functional drinks, targeting both fitness enthusiasts and specific demographics like the elderly [66][68]. 4. Financial Forecast and Valuation - The company is expected to achieve a net profit of 0.89 billion yuan in 2025, with corresponding P/E ratios of 25.8, 22.9, and 20.5 for 2025-2027 [6][8]. - Revenue from liquid eggs is projected to grow steadily, while egg powder and prepared products are also expected to see recovery and growth [9].

Group 1 - The aquaculture sector increased by 0.38% on January 28, with Xiaoming Co. leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] - Xiaoming Co. saw a closing price of 21.63, with a rise of 10.41%, and a trading volume of 224,700 shares, amounting to a transaction value of 468 million yuan [1] Group 2 - The main funds in the aquaculture sector had a net inflow of 163 million yuan, while retail funds had a net inflow of 149 million yuan [2] - The stock "Wens Foodstuffs" had a significant trading volume of 713,100 shares, with a transaction value of 1.089 billion yuan, but experienced a slight decline of 0.52% [2] - The stock "Xiaoming Co." had a net inflow of 20.89 million yuan from main funds, while retail funds showed a net outflow of 7.58 million yuan [3]

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The poultry industry is expected to see an improvement in the supply chain in 2026, driven by a rebound in prices and a gradual recovery in profitability for the breeding sector [5][91] - The integration trend within the industry is becoming more pronounced, with leading companies benefiting from their downstream channel advantages and collaborative efforts across the supply chain [5][24] - The domestic poultry sector is experiencing a shift towards self-breeding and the replacement of imported breeds due to disruptions caused by avian influenza outbreaks abroad [5][39] Summary by Sections 1. 2025 Poultry Industry Maintains Marginal Profitability, Clear Integration Trend - The poultry industry maintained marginal profitability in 2025, with upstream breeding segments performing better than downstream farming and processing sectors [5][14] - The average price of parent stock chicks in 2025 was 44.75 CNY/set, a slight decrease of 0.7% year-on-year, while the average price of commercial chicks was 2.51 CNY each, down 13% year-on-year [5][17] - The total slaughter volume of the top 10 companies reached 4.274 billion birds, accounting for 45.99% of the market, indicating a trend towards consolidation [5][24] 2. Avian Influenza Disrupts Imports, Accelerates Domestic Breed Replacement - In 2025, the cumulative update of grandparent stock chickens was 1.574 million sets, a year-on-year increase of 4.9%, with domestic breeds accounting for approximately 60% of the updates [5][39] - The outbreak of avian influenza in France in December 2025 led to a halt in overseas imports, increasing the uncertainty of supply from abroad [5][46] - Domestic breeds are showing improved performance, with the replacement rate of domestic breeds rising to 34% in 2025 [5][57] 3. 2026 Supply Chain Expected to Improve, Capacity Elasticity Remains a Concern - The inventory of grandparent stock chickens is expected to decline in early 2026, with estimates showing a year-on-year decrease of approximately 3.3% and 12% in March and April, respectively [5][69] - The overall supply of the poultry industry is anticipated to gradually improve in 2026, with profitability expected to return to the breeding sector [5][87] - The report emphasizes the importance of monitoring parent stock chick sales as a key indicator of supply trends [5][76] 4. Investment Recommendations - The report suggests focusing on companies such as Shengnong Development, Yisheng, Minhe, Xiantan, and Hefeng, which are well-positioned to benefit from the ongoing integration and recovery in the poultry industry [5][91]

Group 1 - The company, Xiantan Co., Ltd. (002746.SZ), has stated that there are currently no plans for share buybacks or cancellations [1] - The company will comply with relevant laws and regulations for timely information disclosure if any buyback plans arise in the future [1]