荃银高科与中种集团合并水稻业务，将形成全国杂交水稻绝对龙头，显 著提升市场占有率。玉米业务通过收购三北先正达等公司增强实力，但 需关注整合效益。 国内种业并购案例显示，隆平高科、大北农等通过并购迅速扩大市场份 额，成为行业领导者。中种集团通过收购加强玉米领域竞争力，但系统 化管理是关键挑战。 玉米种子行业 2023 年制种面积创历史新高，2024 年略降，但单产高 企。2025 年库存高企，供需比达历史高位，预计 2027 年市场竞争环 境才能改善。 玉米种子市场出现分化，拥有耐密植、高产新品种的企业盈利良好，如 河南豫玉 MY73 销量超 2000 万亩。缺乏迭代能力的企业面临价格下降 和利润下滑。 大农户对高产耐密植玉米品种需求强烈，虽然水肥投入略增 10%- 20%，但增产效益显著，每亩地增收 200 斤粮食，规模化经营优势明显。 专家视角：我国种业竞争格局展望 20251123 摘要 国内近些年的收并购确实推动了行业规模集中，其中一些经典案例如下： Q&A 3. 蔬菜和甜玉米业务：原属于老先正达中国区业务，虽然规模不大（销售 额约一两个亿），但盈利水平很高。例如番茄种子的毛利率可达 90%。 4. 小 ...

Core Viewpoint - The company Guotou Fengle (000713) is facing challenges in its financial performance, with a significant decline in revenue and an increase in net losses, primarily due to intensified competition in the seed market and reduced purchasing willingness among farmers [3]. Financial Performance - For the period of January to September 2025, the company's operating revenue was 152,559.49 million yuan, a year-on-year decrease of 11.33% [3]. - The net profit attributable to shareholders was -9,071.39 million yuan, representing an expanded loss of 27.67% compared to the previous year [3]. Market Position and Strategy - The company aims to enhance its core competitiveness in the seed industry by increasing investment in breeding technology, biotechnology, and information technology, with a focus on developing proprietary technologies [2]. - The company is planning to issue up to 184,204,494 A-shares to its controlling shareholder, Guotou Seed Industry Technology Co., Ltd., to raise no more than 108,864.86 million yuan for working capital and debt repayment [4]. Trading Information - On November 6, 2025, the main funds experienced a net outflow of 441.63 million yuan, while retail investors saw a net inflow of 35.64 million yuan [4].

Core Insights - The evaluation results for information disclosure of listed companies in 2024 show a decline for certain companies compared to 2023, with 荃银高科 dropping from an A rating to a C rating [1][2]. Company Overview - 荃银高科, established on July 24, 2002, and listed on May 26, 2010, is located in Hefei, Anhui Province. The company specializes in the research, breeding, promotion, and service of high-quality seeds for major crops such as rice, corn, and wheat [1]. - The main revenue composition of 荃银高科 includes: - Order grain and silage corn: 44.79% - Rice seeds: 25.38% - Cotton, cottonseed, agricultural machinery, agricultural chemicals, and other businesses: 15.26% - Corn seeds: 9.39% - Cotton seeds: 3.36% - Vegetable seeds, soybean seeds, and other crop seeds: 1.21% - Wheat seeds: 0.61% [1]. Industry Classification - 荃银高科 belongs to the Shenwan industry classification of Agriculture, Forestry, Animal Husbandry, and Fishery - Planting Industry - Seeds. The company is associated with concepts such as ecological agriculture, genetically modified organisms, rural revitalization, seed industry, and stock transfer [1].

证券代码：000998 证券简称：隆平高科 公告编号：2025-73 袁隆平农业高科技股份有限公司 2024-2025 业务年度经营情况报告 | | | 一、业务年度期间：2024 年 10 月 1 日-2025 年 9 月 30 日 | 项目 | 2024 | 年 10 月 | 1 | 日- | 2023 年 | 10 月 1 | 日- | 同比增减 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2025 | 年 月 9 30 | | 日 | 年 2024 | 月 9 30 | 日 | | | 总营业收入（万元） | | | 852,551.79 | | | 873,622.58 | | -2.41% | | 种子销售数量合计（公斤） | | | 304,346,731.55 | | | 293,121,146.59 | | 3.83% | | 期末库存商品账面余额（万元） | | | 522,056.40 | | | 469,853.86 | | 11.11% | 二、总体经营情况 三、主要品种大类经营情况 | 项目 | 202 ...

Core Insights - The company announced a total operating revenue of 8.526 billion yuan for the period from October 1, 2024, to September 30, 2025, representing a year-on-year decrease of 2.41% [1] - The quantity of seeds sold reached 304 million kilograms, showing a year-on-year increase of 3.83% [1] - The ending inventory of goods had a book balance of 5.221 billion yuan, which is an increase of 11.11% year-on-year [1] Revenue Breakdown - Revenue from rice and corn seed sales was 1.922 billion yuan and 5.067 billion yuan, respectively, with year-on-year decreases of 0.84% and 7.75% [1] - Sales revenue for vegetable and fruit seeds, wheat, and sunflower seeds increased by 14.16%, 23.06%, and 21.52% year-on-year, respectively [1] - Revenue from miscellaneous grain seeds was 142 million yuan, reflecting a significant year-on-year decline of 32.03% [1] Inventory Insights - The ending inventory of corn seeds had a book balance of 3.529 billion yuan, indicating a substantial proportion of total inventory [1]

山东登海种业股份有限公司 三、营业收入排名前五的业务大类经营情况 | 项 | 目 | 2024年10月1 | | 日－ | 2023 | 年 10 | 月 | 1 日 | 同比增减 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025 年 9 月 30 | | 日 | －2024 | 年 9 | 月 | 30 日 | | | （一）玉米种子 | | | | | | | | | | | 销售收入（万元） | | | 102,500.76 | | | | 132,523.43 | | -22.65% | | 占营业收入的比例 | | | 86.78% | | | | 89.76% | | -2.98% | 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。 重要提示：本公告所载的财务数据为公司财务部门初步核算数据，未经审计， 敬请广大投资者注意投资风险。 一、业务年度期间：2024 年 10 月 1 日-2025 年 9 月 30 日 | 项 目 | 2024 年 | 10 ...

■核心提示 受前期连阴雨天气影响，今年我省麦播普遍比往年晚。为切实种足种好小麦，本报推出"晚播小麦逆袭手 册"系列报道，记者走进田间地头，实地探访"四补一促"抗湿晚播技术，助力小麦高质量播种，夯实明年粮食 丰产丰收基础。 "刘站长，您快来看看，我这地今年到底该选啥种子？"10月30日，卫辉市李源屯镇东湾村的农田里，刚翻整 过的土地散发着湿润的气息，种植大户耿清良蹲在田埂边，手指拨弄着土壤，眉头微蹙。他面前的田地，因9 月以来的持续降雨，今年小麦要比往年晚播十来天，"等散墒再播种，气温就更低了。冬前积温不够，麦苗长 不壮，影响了来年收成可咋整？" 耿清良的担忧，是今年河南多地农户的共同心事。9月份以来，持续阴雨天气导致全省多地土壤墒情饱和，小 麦播种普遍推迟，"以种补晚"成为保障来年粮食丰收的关键。 正在田间指导的卫辉市农业农村局农技服务总站站长刘广亮，弯腰抓起一把土壤捻了捻，土粒松散滑落。"老 耿，你这沙壤土透气性好，再晒上三四天就能播种了，不用过分担心。"他指着田块宽慰道，"怕减产，晚播 咱就掐尖选适配品种，早熟的半冬偏春性或弱春性稳产高产品种都可以，它们生育期相对较短，产量和品质 都有保障。" 据了解，我 ...

安徽荃银高科种业股份有限公司 2024-2025业务年度经营情况报告 证券代码：300087 证券简称：荃银高科 公告编号：2025-036 三、营业收入排名前五的品种大类经营情况 | 项目 | 2024年8月1日至 2025年7月31日 | 2023年8月1日至 2024年7月31日 | 同比增减 | | --- | --- | --- | --- | | 1、水稻种子 | | | | | 销售收入(万元) | 187,156.39 | 177,356.29 | 5.53% | | 占营业收入比例 | 39.55% | 39.51% | 0.04% | | 销售数量(万公斤) | 6,472.08 | 5,867.61 | 10.30% | | 占总销售数量的比例 | 6.91% | 7.35% | -0.44% | | 2、粮食作物 | | | | | 销售收入(万元) | 101,555.65 | 105,348.24 | -3.60% | | 占营业收入比例 | 21.46% | 23.47% | -2.01% | | --- | --- | --- | --- | | 销售数量(万公斤) | 43, ...

Industry Insights - The 2025 World Agricultural Technology Innovation Conference recently opened in Pinggu, Beijing, focusing on themes such as South-South cooperation, facility agriculture, controllable agriculture, and smart breeding, discussing the construction of resilient food supply systems and exploring challenges and development paths in the agricultural sector [1] - A market research company in the U.S. predicts that if China does not return to the U.S. market by mid-November, the potential loss of soybean orders for the U.S. could reach 14 to 16 million tons [1] - Open-source securities indicate that trade frictions are resurfacing, benefiting the agricultural sector through tariff countermeasures and food security logic, with the sector currently at a relatively low level [1] - Since the beginning of 2025, prices for corn, wheat, soybeans, and japonica rice have shown significant recovery, with corn and japonica rice prices increasing by 8.54% and 5.61% respectively as of October 11, 2025 [1] - Huaxi Securities emphasizes that in the context of food security, transgenic technology has a revolutionary role in increasing yield, predicting that the commercialization process of transgenic crops will continue to accelerate, fundamentally improving self-sufficiency rates of key varieties [1] Company Developments - Longping High-Tech, a leading domestic modern seed company, produces hybrid rice seeds, corn seeds, vegetable seeds, and wheat seeds, and has formed a strategic partnership with Alibaba Cloud to advance agricultural applications [2] - Dabeinong's subsidiary, Beijing Dabeinong Biotechnology, received planting permission for its transgenic soybean variety "DBN9004" in April 2025, while its joint venture, Nongxin Group, has integrated the DeepSeek-V2 version into its AaaS platform, with plans for a full launch of DeepSeek-V3 and DeepSeek-R1 based intelligent services in early 2025 [2]

Group 1 - The core theme of the global event on October 16, World Food Day, is "Hand in Hand to Advocate for Diverse Cuisine, Uniting Efforts to Create a Better Future" [4] - The concept of seed as the "chip" of agriculture is emphasized, highlighting its critical role in food production [4] - The advancements in breeding methods, such as the use of ion chambers, adversity chambers, and accelerated generation chambers, are transforming the breeding landscape [3] Group 2 - The accelerated generation chamber significantly shortens the growth cycle of crops, allowing wheat to produce 4 to 6 generations in one year, compared to the traditional one generation per year [2] - Researchers are actively engaged in scientific breakthroughs to enhance breeding techniques [3] - The innovation platform at the Hefei Institute of Physical Science is focused on the transformation of research outcomes into practical applications in intelligent breeding [4]