Group 1 - The 32nd China Beijing Seed Industry Conference will be held from September 11 to 14, 2023, with the theme "Deepening Regional Coordination and Focusing on Seed Industry Revitalization" [1] - The main venue is located in Tongzhou District, with seven sub-venues in various districts, featuring a series of activities [1][2] - The conference aims to showcase cutting-edge technologies in the seed industry, including biobreeding, synthetic biology, smart agriculture, and intelligent equipment [2][3] Group 2 - The event will include a hundred agricultural technology achievements on display, a hundred named service presentations, and live interactions with a hundred new agricultural economic entities [3] - The conference is a collaborative effort among agricultural departments from three regions, enhancing agricultural cooperation in the Beijing-Tianjin-Hebei area [3][4] - Various specialized forums will be held across different districts, focusing on specific agricultural sectors such as corn, vegetables, and livestock [4][5] Group 3 - The conference will feature a series of pre-heating activities throughout the year, showcasing various crops and agricultural innovations [5] - The event aims to accelerate the application of new varieties and technologies in the agricultural sector, enhancing the quality of life for citizens [5][6] - Beijing's seed industry has made significant advancements, establishing itself as a leader in various breeding technologies and achieving global recognition [6][7]

Core Viewpoint - Shennong Seed Industry (300189.SZ) plans to raise up to RMB 144 million through a simplified procedure for a specific group of investors, with the funds allocated for a rapeseed "good variety + good method" demonstration project and to supplement working capital [1][5]. Fundraising Details - The total amount to be raised is not more than RMB 144 million, which complies with the regulations of not exceeding RMB 300 million and 20% of the net assets at the end of the previous year [1][5]. - The net proceeds after deducting issuance costs will be fully used for the rapeseed demonstration project and to supplement working capital [1]. Project Investment Breakdown - The rapeseed "good variety + good method" demonstration project has a total investment of RMB 147.81 million, with RMB 104 million allocated from the raised funds [2]. - The working capital will receive RMB 40 million from the raised funds, bringing the total project investment to RMB 187.81 million [3]. Issuance Structure - The issuance will target no more than 35 specific investors, including qualified institutional investors such as securities investment funds, securities companies, and insurance institutions [4]. - The pricing for the issuance will be set at no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [4]. Share Issuance and Control - The number of shares to be issued will not exceed 50 million, which is 30% of the total share capital before the issuance [5]. - After the issuance, the controlling shareholder, Cao Oujie, will maintain at least a 17.10% stake, ensuring that control of the company remains unchanged [5]. Financial Performance - From 2015 to Q1 2025, the company has consistently reported net losses attributable to shareholders, with losses reaching RMB 143.12 million in Q1 2025 [6]. - The net profit attributable to shareholders from 2019 to Q1 2025 shows a trend of increasing losses, with a peak loss of RMB 329 million in 2019 [6].

Market Overview - A-shares and Hong Kong stocks experienced a decline in the afternoon, with the ChiNext Index and STAR 50 Index dropping over 1% [1] - The overall market turnover was approximately 1.45 trillion yuan, an increase of 138.6 billion yuan compared to the previous trading day [1] Port and Shipping Sector - The port and shipping sector rose by 3.83%, ranking first among industry sectors, with a weekly increase of 4.25% [2] - 31 out of 36 component stocks in this sector saw gains, with several stocks hitting the daily limit up [2] - The increase in trade volume is attributed to significant progress in US-China economic talks and the upcoming peak season for container shipments to the US [3] Agriculture Sector - The agriculture sector saw a resurgence, particularly in seed stocks, with notable gains from QiuLe Seed Industry and KangNong Seed Industry, which rose over 10% [4] - The agriculture and planting concept sector overall increased by 0.87%, with a weekly rise of 1.84% [4] - Recent regulatory measures by the Ministry of Agriculture aim to enhance seed quality and protect intellectual property in the seed industry [5] Departure Tax Refund Concept - The departure tax refund concept surged, with stocks like China National Ocean Shipping hitting a 30% limit up [7] - Recent data showed a 116% year-on-year increase in departure tax refund applications, indicating strong growth potential in this market [7] - The optimized departure tax refund policy is expected to boost consumption and benefit tourism retail operators [7] Banking Sector - The banking sector showed strength, with Minsheng Bank rising nearly 3% and reaching new highs for several banks [8] - Historical data suggests that the banking sector typically performs well during the traditional dividend distribution period in June and July [8] - Institutional investors are expected to continue long-term allocations in the banking sector, supporting its stability [8]

★ 宏观动态 ★ 中办、国办印发《关于深入推进深圳综合改革试点 深化改革创新扩大开放的意见》 为深入推进深圳综合改革试点、深化改革创新扩大开放，中办、国办印发《关于深入推进深圳综合改革试点 深化改革创新扩大开放的意见》。意见部署，统筹推进教育科技人才体制机制一体改革，推进金融、技术、数 据等赋能实体经济高质量发展，建设更高水平开放型经济新体制，健全科学化、精细化、法治化治理模式。意 见明确，在更高起点、更高层次、更高目标上深化改革、扩大开放，创造更多可复制、可推广的新鲜经验，更 好发挥深圳在粤港澳大湾区建设中的重要引擎作用和在全国一盘棋中的辐射带动作用，为全面建设社会主义现 代化国家作出贡献、提供范例。 市场监管总局就《直播电商监督管理办法》公开征求意见 为加强直播电商监督管理，促进直播电商健康发展，市场监管总局在充分调研和广泛征求意见的基础上，会同 国家网信办研究起草了《直播电商监督管理办法（征求意见稿）》（以下简称《办法》），今日正式向社会公 开征求意见。《办法》明确了直播电商平台经营者在违规处置、资质核验、信息报送、培训机制、分级管理、 动态管控、信息公示等方面的责任。要求平台经营者建立健全平台协议规则 ...

（以下简称"本规划"），具体内容如 下： 海南神农种业科技股份有限公司 未来三年（2025-2027 年）股东分红回报规划 根据中国证监会《上市公司监管指引第 3 号——上市公司现金分红》及《公 司章程》等有关规定，为健全公司利润分配事项决策程序和机制，提高股利分配 决策透明度和可操作性，积极回报投资者，结合公司的实际情况，特制定公司《未 来三年（2025-2027 年）股东分红回报规划》 一、制定本规划的基本原则 公司实施持续、稳定的利润分配政策，公司利润分配应重视对投资者的合理 投资回报，并兼顾公司的可持续发展。未来三年内，公司将积极采取现金方式分 配利润。在符合相关法律法规及公司章程，同时保持利润分配政策的连续性和稳 定性情况下，制定本规划。 二、制定本规划的主要考虑因素 公司着眼于长远和可持续发展，综合考虑公司实际情况和发展目标、股东要 求和意愿、社会资金成本、外部融资环境等因素，在充分考虑和听取股东特别是 中小股东的要求和意愿的基础上，建立对投资者持续、稳定、科学的回报规划与 机制，从而对股利分配作出制度性安排，以保证股利分配政策的连续性和稳定性。 具体分红比例由公司董事会根据中国证监会的有关规定和 ...

Core Viewpoint - The company is planning to issue shares through a simplified procedure to specific targets in 2025, which may dilute immediate returns for shareholders, and has outlined measures to mitigate this impact [1][2][6]. Group 1: Issuance Details - The company will issue 50 million shares, raising a total of 144 million yuan [3][4]. - The issuance is expected to be completed by September 30, 2025, but this date is only for calculation purposes and does not indicate the actual completion date [2][4]. - The total share capital before the issuance is 102.4 million shares [3]. Group 2: Financial Impact Analysis - The company anticipates three scenarios for net profit in 2025 based on the 2024 net profit of -50.6165 million yuan, with projections of a 10% decrease, no change, or a 10% increase [2][4]. - The diluted earnings per share (EPS) before the issuance is -0.0494 yuan, which may change to -0.0544 yuan or -0.0537 yuan depending on the profit scenario [4][5]. - The weighted average return on equity (ROE) is projected to be -7.70% before the issuance, potentially improving to -6.32% or -6.02% after the issuance [5]. Group 3: Necessity and Reasonableness of the Issuance - The issuance is deemed necessary to support the company's strategic goals and enhance its competitive position in the agricultural sector, particularly in seed innovation and sales [6][9]. - The company plans to leverage existing business advantages to promote the "Qingyou" series of rapeseed seeds, focusing on expanding its market presence in the Yangtze River basin [6][8]. Group 4: Measures to Mitigate Dilution - The company will implement various measures to enhance profitability and shareholder returns, including strict management of raised funds and adherence to regulatory requirements [10][11]. - A three-year shareholder return plan (2025-2027) will be established to ensure consistent profit distribution and enhance transparency in cash dividends [10][11]. Group 5: Commitment from Stakeholders - The controlling shareholder and management have committed to not interfere with the company's operations and to protect shareholder interests [12]. - They have also pledged to ensure that measures to mitigate the dilution of immediate returns are effectively implemented [12].

Core Viewpoint - Hainan Shennong Seed Industry Technology Co., Ltd. plans to issue shares through a simplified procedure to specific investors, aiming to raise no more than RMB 300 million, which does not exceed 20% of the net assets as of the end of the previous year [1][2]. Group 1: Issuance Details - The company will issue domestic listed ordinary shares (A shares) with a par value of RMB 1.00 per share [2]. - The issuance will be completed within ten working days after the China Securities Regulatory Commission (CSRC) approves the registration [2]. - The issuance targets up to 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, and qualified foreign institutional investors [3]. Group 2: Pricing and Quantity - The pricing benchmark date will be the first day of the issuance period, with the issuance price set at no less than 80% of the average trading price over the previous 20 trading days [4]. - The maximum number of shares to be issued is 50 million, corresponding to a total fundraising amount not exceeding RMB 300 million [5]. - The final issuance price will be determined through a bidding process, and the issuance will be subject to adjustments based on any corporate actions such as dividends or stock splits [4][5]. Group 3: Fund Utilization - The total amount raised will be used for projects including the "Rapeseed 'Good Seed + Good Method' Demonstration Promotion Project" and to supplement working capital [7][10]. - The total investment for the rapeseed project is RMB 147.81 million, with RMB 104 million expected to be funded from the issuance [7]. - If the actual net amount raised is less than the planned investment, the company will adjust the investment priorities based on the actual funds available [10]. Group 4: Shareholder Returns and Future Plans - The company has developed a three-year dividend return plan for shareholders from 2025 to 2027 to enhance transparency and operational efficiency in profit distribution [11]. - The company will ensure that the new and old shareholders share the undistributed profits proportionately after the issuance [6][10]. - The resolution for the issuance is valid until the next annual general meeting, and any changes in regulations will be adhered to [10].

Group 1 - The corn concept index rose by 2.18%, ranking fourth among concept sectors, with 21 stocks increasing in value, including QiuLe Seed Industry, KangNong Seed Industry, and ShenNong Seed Industry, which rose by 11.99%, 10.91%, and 8.29% respectively [1] - The main capital inflow into the corn concept sector was 245 million yuan, with 17 stocks receiving net inflows, and 10 stocks seeing inflows exceeding 10 million yuan. JinHe Biological led with a net inflow of 67.34 million yuan [1] - The top three stocks by net inflow ratio were DengHai Seed Industry, JinHe Biological, and LongPing High-Tech, with net inflow ratios of 13.59%, 8.93%, and 8.68% respectively [2] Group 2 - The corn concept sector had notable performers, with JinHe Biological showing a daily increase of 4.72% and a turnover rate of 15.46%, while DengHai Seed Industry and LongPing High-Tech also performed well with increases of 2.62% and 1.38% respectively [2] - The overall market performance showed a mixed trend, with some stocks like YunTu Holdings and XinAn Shares declining by 0.71% and 0.62% respectively, indicating volatility within the sector [1][4] - The corn concept sector's performance was supported by strong capital inflows, highlighting investor interest and potential growth opportunities within this segment [1][2]

Group 1 - The grain concept sector rose by 1.30%, ranking 9th among concept sectors, with 23 stocks increasing in value, including Qiu Le Seed Industry, Kang Nong Seed Industry, and Shen Nong Seed Industry, which rose by 11.99%, 10.91%, and 8.29% respectively [1] - The top gainers in the grain concept sector included Jinhe Biological, with a net inflow of 67.34 million yuan, followed by Denghai Seed Industry, Longping High-Tech, and COFCO Technology, with net inflows of 38.17 million yuan, 36.26 million yuan, and 35.14 million yuan respectively [2][3] - The main capital inflow ratios were led by Denghai Seed Industry, Jingliang Holdings, and Jinhe Biological, with net inflow rates of 13.59%, 12.33%, and 8.93% respectively [3] Group 2 - The grain concept sector saw a net inflow of 189 million yuan, with 22 stocks receiving net inflows, and 6 stocks exceeding 30 million yuan in net inflow [2] - The stocks with the highest trading turnover included Jinhe Biological at 15.46%, Denghai Seed Industry at 3.15%, and Longping High-Tech at 3.10% [3][4] - The overall performance of the grain concept sector was positive, with several stocks showing significant gains, while some stocks like Weiwei Co., Lianhua Holdings, and Luoping Zinc Electric experienced declines of 2.92%, 2.06%, and 1.89% respectively [1][5]

截至6月10日收盘，转基因概念上涨3.15%，位居概念板块涨幅第1，板块内，14股上涨，秋乐种业、康 农种业、神农种业等涨幅居前，分别上涨11.99%、10.91%、8.29%。跌幅居前的有金城医药、新安股 份、芭田股份等，分别下跌1.72%、0.62%、0.30%。 | 敦煌种 600354 | 3.39 | 16.64 | 806.48 | 1.45 | | --- | --- | --- | --- | --- | | 业 | | | | | | 芭田股 002170 | -0.30 | 1.87 | 374.48 | 2.81 | | 份 | | | | | | 科前生 688526 物 | 0.47 | 0.55 | 283.41 | 6.42 | | 丰乐种 000713 业 | 4.10 | 11.29 | -339.09 | -0.67 | | 华邦健 002004 | 0.00 | 1.22 | -436.97 | -4.46 | | 康 | | | | | | 新安股 600596 | -0.62 | 0.98 | -1455.14 | -14.14 | | 份 | | | | | | 荃 ...