证券代码：300967 证券简称：晓鸣股份 宁夏晓鸣农牧股份有限公司投资者关系活动记录表 编号：2025-002 | | □特定对象调研□分析师会议 | | --- | --- | | 投资者关系活动 | 业绩说明会 □媒体采访  | | 类别 | □新闻发布会□路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 形式 | □现场  网上 □电话会议 | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2025 年 5 月 28 日 (周三) 下午 14:00~17:00 | | 地点 | 公司参加由宁夏上市公司协会与深圳市全景网络有限公司 业 绩 说 明 会 " ， 通 过 " 全 景 路 演 " 网 站 | | | 联合举办的"宁夏辖区上市公司投资者集体接待日暨 2024 年度 | | | （https://rs.p5w.net/），采用网络远程的方式召开业绩说明 | | | 会。 | | | 1、董事长：魏晓明 | | 上市公司接待人 | 2、董事、副总经理、董事会秘书：杜建峰 | | 员姓名 | 3、财务总监：孙灵芝 | | | ...

公开信息显示，晓鸣股份目前采取的一个非常重要的经营模式为"集中养殖、分散孵化"，公司在宁夏闽 宁、青铜峡、红寺堡以及内蒙古阿拉善建成4个高标准蛋种鸡生态养殖基地，下设4座祖代养殖场，37座 父母代养殖场。在宁夏闽宁、河南兰考、湖南常德、新疆五家渠、吉林长春共建有5座孵化厂。 杜建峰表示，晓鸣股份的养殖基地都是在当地的戈壁滩上建成的，除具有低固定成本、高生物安全的区 位优势外，也为公司进行非笼养模式养殖提供了便利。公司采用"全网面高床平养"的模式养鸡，在这种 模式下，鸡饲养在高床网架上，可充分发挥自然习性，自由运动，鸡群能够自由饮水、觅食、振翅、运 动，采取自然本交模式繁育后代，能最大限度地发挥鸡的优良性能和遗传潜力，有利于保持鸡的健康与 蛋的高品质。 杜晓峰强调，晓鸣股份已于2023年获得了"非笼养鸡蛋"认证证书，公司将充分把握技术和成本优势， 以"让世界看见戈壁滩的生命力"的品牌主张，加强拓展非笼养蛋品等业务，打造中国蛋鸡产业生物安全 第一品牌，争做中国蛋种鸡产业的领导者，做中国食品安全的贡献者。 晓鸣股份副总经理、董事会秘书杜建峰向《证券日报》记者表示，作为国内一体化蛋鸡制种产业龙头企 业，2024年起， ...

Group 1 - The China Livestock Breeding Index (930707) decreased by 0.55% as of May 28, 2025, with mixed performance among constituent stocks [1] - Leading gainers included Juxing Agriculture (603477) up by 1.41%, while the biggest loser was Ruipubio (300119) down by 3.28% [1] - The Livestock ETF (516760) fell by 0.63%, currently priced at 0.63 yuan [2] Group 2 - Muyuan Foods announced plans for a Hong Kong listing to enhance overseas business development, leveraging experience in disease prevention and pig farming technology [2] - The launch of the world's first self-propelled water body natural exchange aquaculture vessel, "Bay Area Lingding," marks a new era in deep-sea aquaculture technology in China [2] - According to Founder Securities, short-term pig prices may remain volatile, with a balanced supply-demand situation expected in the second half of the year, leading to optimistic profit forecasts for pig farming companies [2] Group 3 - As of April 30, 2025, the top ten weighted stocks in the China Livestock Breeding Index accounted for 69.38% of the index, including companies like Haida Group (002311) and Muyuan Foods (002714) [3]

全国媒体看屯昌采风活动探访特色产业和医疗发展 兴产业强医疗 百姓幸福指数高 媒体记者采访南熙咖啡冲泡制作过程。海南日报全媒体记者 李天平 摄 海南日报屯城5月27日电(海南日报全媒体记者 曾毓慧 通讯员 林小丹)5月26至27日，以"山水执笔 画里 屯昌"为主题的全国媒体看屯昌采风活动赴屯昌湖羊养殖基地、南熙咖啡产业园和屯昌县人民医院等点位，用 笔和镜头记录当地如何发展特色产业振兴乡村，如何用暖心举措让群众看病有"医"靠。 科技加持养出"喜羊羊" 与常见的海南黑山羊不一样，在屯昌县坡心镇高朗村一养殖基地里，一只只毛发雪白的"绵羊"正在大口 啃食秸秆草料。 "它叫湖羊，早些年多在内蒙古等我国北方地区养殖，如今早已适应了南方水土。"技术员杨帆介绍，湖 羊是我国一级保护畜禽品种，为白色羔皮品种，肉质鲜美，且繁殖能力较强。 5年前，屯昌县引进海南澳笠农牧有限公司，在高朗村建成全省首个湖羊规范化养殖基地，如今，存栏量 已从最初的500多只增至6000多只。 去年以来，海南大学食品科研团队与屯昌合作开展"澳湖一代""杜湖一代"品种及纯种湖羊的双羔基因选 育、肉质改良等。在今年公布的国家级科技小院名单中，这一湖羊养殖基地入 ...

Core Viewpoint - Muyuan Foods has submitted an application for H-share listing on the Hong Kong Stock Exchange to further promote its overseas business development [2][6] Group 1: Business Overview - Muyuan Foods covers the entire industry chain, including breeding, pig farming, feed production, slaughtering, and meat processing [4] - As of December 31, 2024, the company operates over 1,000 pig farms across 23 provinces in China, with pig production capacity increasing from 74.3 million heads in 2022 to 81.01 million heads in 2024 [4] - The company has maintained its position as the world's largest pig farming enterprise since 2021, with a consistent top ranking in pig slaughtering volume for four consecutive years [4] Group 2: Financial Performance - From 2014 to 2024, Muyuan Foods' total revenue has a compound annual growth rate (CAGR) of 48.7%, while net profit has a CAGR of 72.7%, with an average net profit margin of 19.0% [4] - Revenue figures for 2022 to 2024 are 124.8262 billion yuan, 110.8607 billion yuan, and 137.9469 billion yuan, respectively, with net profits of 14.9334 billion yuan, -4.1679 billion yuan, and 18.925 billion yuan [4] Group 3: International Expansion - The company aims to leverage its experience in disease prevention and pig farming technology to provide comprehensive pig farming solutions internationally, particularly in Southeast Asia [7] - The company has established a subsidiary in Vietnam to advance its overseas business [7] Group 4: Cost Management and Debt Reduction - Muyuan Foods plans to reduce its overall debt by approximately 10 billion yuan by the end of 2025, while also focusing on lowering absolute debt levels [9] - The company aims to lower its pig farming costs to 12 yuan per kilogram by 2025, with over one-third of production lines already achieving costs below this target [10]

投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 证券代码：832786 证券简称：骑士乳业 公告编号：2025-049 内蒙古骑士乳业集团股份有限公司 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 5 月 26 日 活动地点：价值在线（www.ir-online.cn） 参会单位及人员：通过网络方式参加公司 2024 年年度报告业绩说明会的投 资者 上市公司接待人员：公司董事长、总经理：党涌涛先生；公司董事、董事会 秘书：陈勇先生；公司董事、财务负责人：王喜临女士；公司保荐代表人：沈劼 先生 三、 投资者关系活动主要内容 问题 1：公司对于今年原奶行情如何看待？去年因为原奶价格下降对减值影 响较大，今年影响能否消除？公司将采取哪些措施改善业绩？ 回答：尊敬的投资者您好，中国牛奶市场的行情受多种因素影响，包括供需 关系、饲料成本及国际市场波动等。 问题 ...

Group 1 - The China Livestock Breeding Index (930707) increased by 0.05% as of May 27, 2025, with notable gains from companies such as Ruip Bio (300119) up 1.68% and Yike Food (301116) up 1.44% [1] - The Livestock ETF (516760) rose by 0.16%, with a latest price of 0.63 yuan, and has accumulated a 0.64% increase over the past two weeks [1] - The Livestock ETF has shown a net value increase of 3.27% over the past six months, with a maximum single-month return of 17.22% since its inception [1] Group 2 - Sichuan Province has drafted ten measures to promote high-quality development in the livestock industry, focusing on strengthening leading enterprises and supporting their participation in large-scale projects [2] - The measures aim to enhance the capabilities of leading livestock enterprises to drive the development of farms and households [2] Group 3 - Short-term pig prices are expected to remain stable, with a balanced supply-demand situation anticipated in the second half of the year, leading to a more optimistic outlook for pig price expectations and profitability of pig enterprises [3] - Current pig prices allow for slight profitability for breeding enterprises, but the industry faces challenges in capacity reduction, with cost competition becoming a key focus [3] Group 4 - As of May 26, 2025, the Livestock ETF has experienced a maximum drawdown of 5.00% this year, with a management fee of 0.50% and a custody fee of 0.10% [5] - The Livestock ETF tracks the China Livestock Breeding Index, which has a current price-to-earnings ratio (PE-TTM) of 12.33, indicating a historical low valuation [5] - The top ten weighted stocks in the China Livestock Breeding Index account for 69.38% of the index, with companies like Haida Group (002311) and Muyuan Foods (002714) being the largest contributors [5]

Group 1 - Shanzhou District in Shangluo has established the first 4.0 version of fish-vegetable symbiosis demonstration base in the province, achieving a total fishery output value of 567 million yuan, with cold-water fish production reaching 5,091 tons, ranking first in the province [1] - The 4.0 smart aquaculture system combines recirculating aquaculture with soilless hydroponics, achieving ecological balance among animals, plants, and microorganisms, allowing for fish farming without water changes and vegetable cultivation without fertilizers [2][3] - The city has introduced various ecological aquaculture models and advanced technologies, including smart oxygenation and water quality monitoring, to enhance the cold-water fish industry [3] Group 2 - Key projects in Shangluo are driving the development of cold-water fish farming, facility fisheries, and integrated rice-fish farming, with a focus on transforming the industry from small-scale to standardized and branded operations [5] - The Shanyang Cold Water Fish Industry Park is designed for efficient water resource use and is expected to generate multiple income streams for local farmers, including rental income and profit sharing [5][6] - Various interest linkage mechanisms have been established, such as "village collective + leading enterprises + farmers," which have helped over 480 households increase their income through land and capital investment [8]

Core Viewpoint - The continuous decline in egg prices is attributed to high production levels and weak demand, leading to a supply-demand imbalance in the market [1][3][4]. Group 1: Current Market Conditions - As of May 20, the average wholesale price of eggs in China was 7.83 yuan/kg, down 5.9% from 8.32 yuan/kg on April 24, and down 27.8% from 10.84 yuan/kg in September 2024 [1]. - The high inventory of laying hens, approximately 1.13 billion, has resulted in a sufficient supply of eggs, contributing to the downward pressure on prices [1][3]. - The market saw a temporary increase in egg prices due to pre-holiday stocking during the "May Day" holiday, peaking at 8.32 yuan/kg on April 24 before declining again [1]. Group 2: Impact on Egg Producers - The egg production industry has been in a loss-making phase since February, with losses exceeding 0.6 yuan per kg of eggs produced [3]. - Rising feed costs, particularly for corn and soybean meal, have further strained the profitability of egg production [3]. - The majority of egg-laying hens are currently in a high production phase, maintaining a supply surplus in the market [3]. Group 3: Future Market Outlook - The egg prices are expected to remain low in the latter part of Q2 due to stable production levels from increased replenishment of laying hens and weak consumer demand [4]. - The third quarter is traditionally a peak season for egg consumption, which may lead to a potential recovery in prices as demand increases from various seasonal events [4]. - There is a possibility of a turnaround in the egg production sector as producers may eliminate outdated production capacity, potentially leading to profitability in Q3 [4].

Core Viewpoint - Zhuangzi Island reported a decline in revenue and net profit for 2024, indicating challenges in its core marine industry operations [1] Group 1: Financial Performance - In 2024, Zhuangzi Island achieved operating revenue of 1.583 billion yuan, a decrease of 5.66% year-on-year [1] - The company recorded a net loss of 21.91 million yuan, a year-on-year decrease of 355.15% [1] - The non-recurring net profit was -113 million yuan, reflecting a significant decline of 3276.09% year-on-year [1] Group 2: Research and Development - The company's R&D expenses are focused on various areas, including aquatic seedling cultivation, marine environmental modeling, and high-end product development for shellfish [2] - Progress in polyploid species cultivation is seen as crucial for enhancing the resilience and market competitiveness of marine aquaculture [2] - Zhuangzi Island's subsidiary, Qingdao Frontier Marine Seed Industry Co., is a leading player in China's polyploid aquatic seedling sector, particularly in shellfish breeding [2] Group 3: Product Development and Sales Strategy - Zhuangzi Island is committed to upgrading its food offerings, focusing on the development of a series of marine prepared dishes under the "Zhuangzi Island Flavor" brand [3] - The company aims to enhance its online sales channels and brand influence, with plans to expand product categories and collaborate with platforms like JD.com and Douyin [3] Group 4: Capital Raising and Financial Strategy - The company plans to raise up to 522 million yuan through a private placement to supplement working capital and repay bank loans [4] - The issuance will not change the company's control, as the new major shareholder will be the parent company of the current controlling shareholder [4] - Post-issuance, the company's total assets and net assets are expected to increase, improving liquidity ratios and short-term debt repayment capacity [4]