江苏省农垦农业发展股份有限公司 第五届监事会第五次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 江苏省农垦农业发展股份有限公司（以下简称"公司"）第五届监事会第五 次会议通知及议案于 2025 年 8 月 10 日以专人送达或微信方式发出。本次会议由 公司监事会主席殷红女士主持，于 2025 年 8 月 20 日在公司会议室以现场方式召 开。本次会议应出席监事 5 名，实际出席监事 5 名。本次会议的通知、召开及表 决程序符合公司法、公司章程及监事会议事规则的相关规定。 二、监事会会议审议情况 证券代码：601952 证券简称：苏垦农发 公告编号：2025-048 （二）审议通过《公司 2025 年半年度报告全文及摘要》。 监事会认为：公司 2025 年半年度报告全文及其摘要的编制和审议程序符合 法律、法规、公司章程和公司内部管理制度的相关规定，公司 2025 年半年度报 告全文及其摘要的内容和格式符合证监会和上海证券交易所的相关规定，所包含 的信息真实地反映了公司当期的经营管理和财务状 ...

2025年8月21日，苏垦农发(601952.SH)发布2025年中报。 公司股东户数为4.54万户，前十大股东持股数量为10.39亿股，占总股本比例为75.39%，前十大股东持 股情况如下： 公司最新毛利率为12.03%，较上季度毛利率减少0.24个百分点，较去年同期毛利率减少1.07个百分点。 最新ROE为3.14%，较去年同期ROE减少1.39个百分点。 | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | J | 江苏省农垦集团有限公司 | 67.84% | | 2 | 壬斌 | 1.18% | | 3 | 全国社保基金四一三组合 | 1.06% | | 4 | 中国对外经济贸易信托有限公司-外贸信托-仁桥泽源股票私募证券投资基金 | 1.03% | | 5 | 中国农业银行股份有限公司-大成高鑫股票型证券投资基金 | 1.00% | | 6 | 侍伟柏 | 0.91% | | 7 | 中国农业银行股份有限公司-工银瑞信创新动力股票型证券投资基金 | 0.83% | | 8 | 香港中央结算有限公司 | 0.69% | | 9 | 基本养老保险基金一零零二组合 | 0. ...

Company Overview - Shandong Chenwu Agricultural Tourism Development Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative is Shu Chengmei, and the company is wholly owned by Shanghai Chenwu Enterprise Management Co., Ltd. [1] Business Scope - The company’s business scope includes tourism, power generation, transmission, and distribution services, as well as water resource management and construction services [1] - Specific activities include consulting for tourism development projects, hydropower, wind power, and solar energy services, along with the sale of agricultural products and hotel management [1] Industry Classification - The company is classified under the national standard industry of electricity, heat, gas, and water production and supply [1] - It operates in the electricity production sector, specifically in the area of power generation [1] Location and Registration - The company is located in Yicheng, Zaozhuang City, Shandong Province, with its address specified as 500 meters north of the Xiaoyaozi Village Committee [1] - The business registration is valid until August 20, 2025, with no fixed term thereafter [1]

Core Viewpoint - The article highlights the severe drought conditions in Henan province, which have led to a concerted effort in agricultural technology and management to mitigate the impact on crop yields, particularly corn, during the critical growth period. Group 1: Drought Conditions and Impact - Henan province is experiencing a severe drought, with average temperatures reaching 30.5°C, 3.1°C higher than normal, and rainfall decreasing by 51.2% compared to historical averages [5][14] - The drought has prompted farmers to engage in extensive irrigation efforts, with reports of multiple rounds of watering to sustain crops [5][14] Group 2: Technological Innovations in Agriculture - Advanced irrigation techniques, such as water-fertilizer integration and drone technology, are being utilized to enhance efficiency in crop management [6][10] - The establishment of "six conditions" monitoring stations provides real-time data on soil moisture, crop growth, and pest alerts, effectively acting as a "smart brain" for agricultural management [8][9] Group 3: Breeding and Crop Resilience - Research institutions are focusing on breeding drought-resistant crop varieties, with notable successes in corn varieties like Zhengdan 819 and Qiule 368, which show strong adaptability to high temperatures and drought conditions [10][11] - The integration of molecular biology techniques in breeding programs is enhancing the resilience of crops against diseases and environmental stressors [10][11] Group 4: Collaborative Efforts and Funding - The provincial government has allocated significant funds for drought relief, including 200 million yuan for immediate drought response and additional support for irrigation infrastructure [15][16] - Agricultural experts and technicians have been deployed to provide on-the-ground support and training to farmers, with over 80,000 farmers receiving guidance [14][15] Group 5: Future Outlook and Strategy - The article emphasizes the shift from traditional farming practices to precision agriculture, highlighting the importance of data-driven decision-making in enhancing crop yields [17][18] - The ongoing efforts aim to ensure that even in adverse conditions, the agricultural sector can achieve stable or increased production through innovative practices and technologies [17][18]

Group 1: Agricultural Innovations - The "fungus-light complementary" model in Zhejiang's agricultural complex utilizes solar panels on greenhouses to enhance mushroom cultivation while addressing electricity needs and improving land efficiency [2][3] - The implementation of solar panels has resulted in a temperature reduction of 8 to 10 degrees Celsius inside the greenhouses, leading to increased energy efficiency and additional revenue from surplus electricity [3] Group 2: Energy Efficiency in Office Buildings - Jinan's centralized cooling system eliminates the need for traditional air conditioning, providing a cost-effective cooling solution that saves over 10% in operational costs [5][7] - The centralized cooling system serves approximately 2 million square meters of office space, achieving a cooling energy savings rate of 32% and a carbon reduction of 48.68 tons in July [7] Group 3: Industrial Energy Management - The Chongqing Jiangjin Industrial Park has implemented a distributed solar power station, generating 36 megawatts of electricity, which now accounts for 19% of the total energy consumption of the glass production company [8][9] - The overall energy consumption in the industrial park has decreased by 33%, with annual electricity savings reaching 46.7 million kilowatt-hours due to the integration of solar energy and waste heat recovery systems [9][10]

Investment Rating - The report maintains a "Recommended" rating for the company [5]. Core Views - The company achieved a revenue of 3.68 billion yuan in H1 2025, representing a year-on-year increase of 8.2%, and a net profit attributable to shareholders of 650 million yuan, up 17.4% year-on-year [1]. - The company is actively optimizing its channel structure, resulting in a significant reduction in sales expense ratio to 7.5%, down 2.3 percentage points year-on-year [1]. - The blueberry production area is steadily increasing, with an expected production area of approximately 35,000 to 40,000 mu for the 2025/2026 season, targeting a yield of over 40,000 tons [2]. - The company has seen a significant reduction in credit impairment losses, with a loss of 40 million yuan in H1 2025 compared to 70 million yuan in H1 2024, indicating improved management of receivables [3]. - The company is expanding its blueberry export business, successfully entering markets in Southeast Asia, including Singapore and Japan [3]. - The company is expected to achieve net profits of 910 million yuan, 1.216 billion yuan, and 1.576 billion yuan for the years 2025 to 2027, with corresponding EPS of 0.91, 1.21, and 1.57 yuan [3]. Financial Forecasts - The company forecasts revenues of 6.451 billion yuan in 2025, 7.733 billion yuan in 2026, and 8.833 billion yuan in 2027, with growth rates of 22.0%, 19.9%, and 14.2% respectively [4]. - The net profit attributable to shareholders is projected to be 910 million yuan in 2025, 1.216 billion yuan in 2026, and 1.576 billion yuan in 2027, with growth rates of 55.7%, 33.6%, and 29.6% respectively [4]. - The company’s PE ratio is expected to decrease from 14 in 2025 to 8 in 2027, indicating an improving valuation as earnings grow [4].

Core Viewpoint - Jiangsu Agricultural Development Co., Ltd. (referred to as "Company") reported strong performance in its 2025 semi-annual report, with significant revenue and profit figures, alongside a robust dividend distribution plan [1][2]. Financial Performance - The Company achieved operating revenue of 4.588 billion yuan and a net profit attributable to shareholders of 213 million yuan during the reporting period [1]. - The Company plans to distribute a cash dividend of 0.6 yuan per 10 shares, totaling 82.68 million yuan, which represents 38.78% of the net profit for the first half of the year [1]. Agricultural Production - The Company's summer grain production exceeded expectations, with a total yield of 1.351 billion jin (67.55 million tons) despite adverse weather conditions [1]. - The Company recorded historical high yields in its self-owned bases, with wheat yield at 1,163 jin per mu, barley at 1,279 jin per mu, and rapeseed at 584 jin per mu [1]. - The average yield in the high-yield demonstration area for rapeseed reached 755.36 jin per mu, setting a national record for winter rapeseed [1]. Technological Advancements - The Company utilized advanced technologies such as drone monitoring and variable fertilization, resulting in a year-on-year reduction in the average use of pesticides and fertilizers per mu [1]. - The Company currently operates 955,000 mu of farmland and has a land transfer area of 403,000 mu, laying a solid foundation for its industry chain layout [1]. Agricultural Services - The Company has made significant strides in agricultural social services, launching an integrated expansion initiative in 2024 with 16 county-level full agricultural service centers in Jiangsu Province [2]. - The Company provided a comprehensive service model to large-scale growers, including seed supply, technical services, and product recovery [2]. - During the reporting period, the integrated agricultural service covered over 600,000 mu, with wheat procurement exceeding 220,000 tons [2].

苏垦农发（SH 601952，收盘价：9.73元）8月20日晚间发布半年度业绩报告称，2025年上半年营业收入 约45.88亿元，同比减少9.26%；归属于上市公司股东的净利润约2.13亿元，同比减少27.71%；基本每股 收益0.15元，同比减少28.57%。 （文章来源：每日经济新闻） ...

格隆汇8月20日丨苏垦农发(601952.SH)公布2025年半年度报告，报告期实现营业收入45.88亿元，同比下降9.26%；归属于上市公司股东的净利润2.13亿元，同比下降27.71%；归属于上市 ...

Core Viewpoint - The implementation plan for the "Liaoning Province 2025 Provincial Black Land Protection Project" has been officially released, aiming to protect 5 million acres of black land in typical black soil areas and establish demonstration zones with fertile soil and stable production capacity [1] Group 1: Project Objectives - The project focuses on implementing straw returning, compost returning, cultivating thick arable layers, monitoring and evaluation, and data integration [1] - Specific measures for straw returning will vary based on water-heat conditions, terrain, farming practices, and agricultural mechanization levels [1] Group 2: Technical Measures - For dry land, techniques such as crushing and turning straw back, mixing straw, shallow tillage, and covering will be adopted [1] - For paddy fields, methods like autumn wet plowing, autumn burying, and spring stubble turning will be promoted [1] Group 3: Capacity Building - Liaoning will enhance technical integration and guidance, increasing training for grassroots agricultural technicians and new agricultural operators [1] - The plan includes interpreting black land protection regulations and policies, cultivating local "soil experts," and improving comprehensive technical models for black land protection [1]