Core Viewpoint - The controlling shareholder of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. plans to increase its stake in the company, supported by a loan from a financial institution, reflecting confidence in the company's long-term investment value [1][2]. Group 1 - The controlling shareholder, Sichuan Juxing Enterprise Group Co., Ltd., intends to increase its holdings in Juxing Agricultural and Animal Husbandry by investing a minimum of RMB 50 million over the next 12 months [1][2]. - The funding for this increase will come from both the controlling shareholder's own funds and a loan of RMB 25 million from China CITIC Bank Chengdu Branch, specifically for this purpose [2]. - As of the announcement date, the controlling shareholder has already invested RMB 25.2926 million in the company's A-shares as part of this plan [2].

Wind数据显示，7月29日，18家上市公司回购股票，其中巨星农牧回购金额最高达5917万元，回购数量 280万股，生物股份回购金额达5371万元，回购数量862万股，盛新锂能回购金额达4339万元，回购数量 268万股。 ...

Summary of Key Points Core Viewpoint - On July 29, several A-share listed companies disclosed their shareholding changes, with notable increases in holdings from certain companies and reductions from others [1]. Group 1: Companies Increasing Holdings - Giant Star Agriculture received a loan of 25 million yuan to support its controlling shareholder's increase in holdings [2]. - Antong Holdings saw its shareholding ratio increase to 15% due to the actions of Sinotrans Limited and its concerted parties [2]. - Salt Lake Co., Ltd. reported that its actual controller, China Minmetals, increased its shareholding by 1% [2]. Group 2: Companies Decreasing Holdings - Aosaikang announced plans to reduce its holdings by up to 1.5% [2]. - Ruishun Technology's shareholders plan to collectively reduce their holdings by up to 3.0013% [2]. - Shanghai Auto Parts' shareholders, Glory and Dizhi Kai, intend to reduce their holdings by up to 1.75% [2]. - Suzhou Planning's shareholders plan to reduce their holdings by up to 4.5% [2]. - Saiwei Electronics reported that the National Integrated Circuit Fund has cumulatively reduced its holdings by 1.06% [2]. - Huaye Fragrance's controlling shareholder, Hua Wenliang, plans to reduce holdings by up to 3% [2]. - Aotwei's shareholders, Wuxi Aochuang and Wuxi Aoli, intend to reduce their holdings by up to 1.37% [2]. - Tongding Interconnection's shareholder, Wu Qichuang, plans to reduce holdings by up to 2.08% [2]. - Anji Food's actual controller plans to reduce holdings by up to 2% [2]. - Hailun Zhe announced a share reduction plan [2]. - Maike Audi's shareholders plan to reduce holdings by up to 1% [2]. - Jinding Point Layer's director Xu Xuehai plans to reduce holdings by up to 0.72% [2]. - Lakala reported that Legend Holdings has cumulatively reduced its holdings by 5.3596 million shares, lowering its equity ratio to 25.86% [2]. - Lanfeng Biochemical's Hainan Wenqin plans to reduce holdings by up to 2.61% [2]. - Jiahe Meikang's shareholder Guoshou Chengda plans to reduce holdings by up to 3% [2]. - China Merchants Energy's Huang Shi and executives plan to reduce their stock obtained through equity incentives [2]. - Jingwang Electronics reported stock reduction during periods of abnormal stock fluctuations by Zhichuang Investment [2]. - Kebo Da's actual controller, Ke Binghua, plans to reduce holdings by up to 0.79% [2]. - Junhe Co., Ltd.'s senior management, Chen Jiawei and Fan Chaochun, plan to reduce their holdings [2]. - Mambo's shareholder Wang Xiaohong plans to reduce holdings by up to 0.96% [2]. - Yujing Co., Ltd.'s deputy general manager and board secretary Zhou Bo plans to reduce holdings by up to 147,900 shares [2].

每经记者｜胥 帅 每经编辑｜陈俊杰 近期，养猪行业愈发强调"反内卷"，调控新增产能，此行业环境变化也传导到资本市场。 7月28日晚间，有两家养猪行业龙头公告调整此前的定增计划——神农集团（SH605296，股价32.28 元，市值169.42亿元）终止了定增事项，巨星农牧（SH603477，股价21.22元，市值108.24亿元）将定 增授权有效期延长12个月至2026年8月22日。这两家养猪企业的定增方案都涉及养猪产能扩张。 7月28日晚间，神农集团发公告称，公司审议通过了《关于终止2024年度以简易程序向特定对象发行A 股股票事项并撤回申请文件的议案》。神农集团该定增事项的起始时间是2024年4月24日，至今已一年 多。2025年4月24日，公司该定增方案还获得了上交所审核通过。 为何神农集团选择终止定增？《每日经济新闻》记者了解到，神农集团终止的理由是市场环境变化。公 司称，在综合考虑资本市场状况以及公司整体发展规划等因素，经与相关各方充分沟通及审慎分析后， 决定终止。 根据定增方案，神农集团合计募资2.9亿元，其中1.37亿元用于红河弥勒神农畜牧有限公司五山乡年出栏 24万头优质仔猪扩繁基地建设项目。 ...

Investment Rating - The industry investment rating is maintained as "Increase" [6] Core Viewpoints - The agricultural sector outperformed the market by 1.93 percentage points during the week of July 21-25, 2025, with the index closing at 2,855.04, reflecting a weekly increase of 3.62% [1][15] - The pig farming sector is experiencing a decline in prices, with the average price of pigs at 14.15 yuan/kg, down 0.84% week-on-week and down 26.15% year-on-year [2] - The report emphasizes the importance of cost control for listed pig farming companies to navigate the pig cycle effectively [4] Summary by Sections 1. Market Review - The agricultural sector's index increased by 3.62%, ranking 9th among 31 sectors [1][15] - The breeding sector showed the best performance with a 5.27% increase, followed by planting, fishery, feed, agricultural product processing, and animal health sectors [17] 2. Industry Dynamics 2.1 Pig Farming - The profit from self-breeding pigs is 62.16 yuan/head, down 28.73 yuan/head week-on-week, while the profit from purchased piglets is -71.39 yuan/head, down 52.73 yuan/head [2] 2.2 Poultry - Chicken chick prices have rebounded, with an average price of 1.93 yuan/chick, up 40.88% week-on-week, and white feather chicken prices at 6.70 yuan/kg, up 4.69% [3] 2.3 Agricultural Products - Wheat and rice prices have increased, with wheat at 2,444.56 yuan/ton (up 0.20%) and rice at 2,912.00 yuan/ton (up 0.69%), while soybean meal prices have decreased to 2,964.00 yuan/ton (down 0.07%) [3] 3. Investment Recommendations - The report suggests focusing on the pig farming sector, particularly companies with strong cost control such as Muyuan Foods, Wens Foodstuff Group, and others [4] - For poultry, it recommends looking at integrated industry leaders like Shennong Development and Lihua Stock [4] - In the feed sector, it highlights Haida Group and Hefeng Stock as key players benefiting from the recovery in livestock inventory [4] - For agricultural products, it suggests monitoring Suqian Agricultural Development and Beidahuang [4]

格隆汇7月29日丨巨星农牧(603477.SH)公布，公司于近日接到巨星集团的通知，为积极响应并充分运用 好有关监管部门"支持股票增持"的政策工具，中信银行股份有限公司成都分行向巨星集团出具贷款承诺 函，承诺为巨星集团提供金额为人民币2,500万元、贷款期限为3年的增持专项贷款，专项用于巨星集团 对巨星农牧的本次增持计划；同时，巨星集团通过上海证券交易所交易系统允许的方式增持巨星农牧无 限售流通A股股份的增持金额不低于人民币5,000万元。因此，巨星集团本次增持计划的增持总金额不低 于人民币5,000万元且增持完成后的合计持股比例不超过巨星农牧总股本的30%，资金来源为巨星集团 自有资金及金融机构借款。截至本公告日，巨星集团在本次增持计划中已累计增持公司A股股份金额为 人民币2,529.26万元。本次增持计划尚未实施完毕，巨星集团后续将按照本次增持计划继续增持公司股 份。 ...

本公司董事会及全体董事保证本公告内容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法律责任。 乐山巨星农牧股份有限公司（以下简称"公司"或"巨星农牧"）于 2024 年 8 月 13 日在上海证券交易所网站披露了《关于公司控股股东增持公司股份计 划的公告》（公告编号：2024-069），基于对公司发展前景的坚定信心以及对公 司长期投资价值的认可，公司控股股东四川巨星企业集团有限公司（以下简称"巨 星集团"）拟自 2024 年 8 月 13 日起的 12 个月内通过上海证券交易所交易系统 允许的方式增持巨星农牧无限售流通 A 股股份，增持金额为人民币 5,000 万元， 且增持完成后的合计持股比例不超过巨星农牧总股本的 30%，资金来源为巨星集 团的自有资金（以下简称"本次增持计划"）。 | | | 乐山巨星农牧股份有限公司 关于公司控股股东获得增持资金贷款支持暨 增加增持股份资金来源的公告 公司于近日接到巨星集团的通知，为积极响应并充分运用好有关监管部门 "支持股票增持"的政策工具，中信银行股份有限公司成都分行向巨星集团出具 贷款承诺函，承诺为巨星集团提供金额为人民币 2 ...

巨星农牧（603477）公告，公司控股股东四川巨星企业集团有限公司拟自2024年8月13日起12个月内， 通过上海证券交易所交易系统允许的方式增持公司无限售流通A股股份，增持金额不低于人民币5000万 元，增持完成后持股比例不超过公司总股本的30%；中信银行股份有限公司成都分行向巨星集团承诺提 供2500万元、贷款期限3年的增持专项贷款。截至本公告日，巨星集团已累计增持A股股份金额2529.26 万元，本次增持计划尚未实施完毕。 ...

Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [2] Core Viewpoints - The agricultural sector has shown a significant rebound, with the agricultural index rising by 3.62% last week, ranking 9th among 31 primary industries [5][13] - The Ministry of Agriculture has convened major pig farming companies to discuss capacity regulation, which has positively impacted the breeding sector [5][14] - The pig market is experiencing price fluctuations due to supply pressures and weak demand, with the average price of pigs at 14.33 CNY/kg as of July 27, showing a slight decrease of 0.06 CNY/kg from the previous week [6][17] - The white feather chicken market has seen a price rebound, with chick prices rising to 2.30 CNY/chick, an increase of 0.8 CNY/chick from the previous week [26] Summary by Sections 1. Market Review - The agricultural sector index increased by 3.62%, outperforming the Shanghai Composite Index and CSI 300 Index, which rose by 1.67% and 1.69% respectively [13] - The Ministry of Agriculture's meeting with leading pig companies has sparked market interest in pig production capacity regulation [14] 2. Breeding Industry Chain Tracking 2.1 Pigs - The average weight of pigs at market is 128.48 kg, down 0.35 kg from the previous week, indicating a supply surplus [17] - The profitability for self-bred pigs is around 62 CNY per head, down 29 CNY from the previous week, while purchased piglets are facing a loss of 71 CNY per head [18] - The Ministry of Agriculture emphasizes the need for quality development in the pig industry, including reducing the number of breeding sows and controlling slaughter weights [20] 2.2 White Feather Chicken - The average price of meat chickens has increased by 5.31% to 3.37 CNY/kg, driven by reduced supply and improved demand conditions [26] - The update of grandparent stock has decreased significantly, with a 29.62% year-on-year decline in the first half of 2025 [26] 3. Planting Industry Chain Tracking - Sugar prices have slightly decreased to 6075 CNY/ton, while soybean prices have rebounded to 3943 CNY/ton, reflecting a 0.2% increase [29] - Cotton prices have increased by 1.43% to 15585 CNY/ton, and corn prices have risen slightly to 2379 CNY/ton [29]

Summary of Key Points Core Viewpoint - The company, Leshan Juxing Agricultural and Animal Husbandry Co., Ltd., has successfully completed a share buyback program aimed at implementing an employee stock ownership plan or equity incentive, with a total expenditure of approximately 99.99 million yuan for the repurchase of 4,773,900 shares at an average price of 20.94 yuan per share [1][2]. Group 1: Buyback Plan Details - The buyback plan was first disclosed on April 24, 2025, with an implementation period from April 23, 2025, to April 22, 2026 [1]. - The expected buyback amount ranges from 50 million yuan to 100 million yuan, with a maximum buyback price set at 28.00 yuan per share [1]. - The actual buyback shares represent 0.94% of the total share capital, and the total assets of the company as of December 31, 2024, were 8.764 billion yuan [1]. Group 2: Implementation Status - The company initiated the buyback on June 23, 2025, and completed it by July 28, 2025, with the actual repurchase price ranging from 20.11 yuan to 22.21 yuan per share [2]. - The funds used for the buyback were sourced from the company's own funds and loans from financial institutions, ensuring no significant impact on the company's operational and financial status [2]. Group 3: Shareholding Changes - Before the buyback, the total number of shares was 510,070,294, which increased to 510,070,333 after the buyback [4]. - The repurchased shares are held in a special account and do not confer rights such as voting, profit distribution, or capital increase during the holding period [4][5]. Group 4: Future Plans for Repurchased Shares - The repurchased shares are intended for the employee stock ownership plan or equity incentive. If not fully utilized within 36 months, the unused portion will be canceled following relevant procedures [5].