9月30日，荃银高科涨0.77%，成交额1.05亿元。两融数据显示，当日荃银高科获融资买入额1001.63万 元，融资偿还2338.92万元，融资净买入-1337.29万元。截至9月30日，荃银高科融资融券余额合计5.09 亿元。 融资方面，荃银高科当日融资买入1001.63万元。当前融资余额5.08亿元，占流通市值的5.85%，融资余 额低于近一年20%分位水平，处于低位。 分红方面，荃银高科A股上市后累计派现4.46亿元。近三年，累计派现2.10亿元。 机构持仓方面，截止2025年6月30日，荃银高科十大流通股东中，万家品质生活A（519195）位居第三 大流通股东，持股1741.35万股，相比上期减少231.26万股。银华内需精选混合(LOF)（161810）位居第 六大流通股东，持股900.00万股，持股数量较上期不变。万家臻选混合A（005094）位居第七大流通股 东，持股851.51万股，相比上期减少327.28万股。嘉实农业产业股票A（003634）位居第八大流通股 东，持股689.85万股，相比上期减少192.79万股。南方中证1000ETF（512100）位居第九大流通股东， 持股614.1 ...

作为农业的芯片、粮食生产的源头，近年来，我国种子行业市场规模整体呈现稳中有升趋势。中商产业 研究院发布数据显示，2024年中国种业市场规模达到1410.16亿元，同比增长3.11%，预计2025年中国种 业市场规模将达到1480.67亿元。 展望未来，国投丰乐表示，公司将积极履行中央企业服务国家粮食安全战略的责任，以科技创新为核心 驱动，大力推进种源核心技术攻关；同时，加强与核心生物技术企业、科研院所合作，加快转基因玉米 品种转育、品种审定和产业化推广工作，持续深化数字技术在育种、生产等环节的应用。 作为衡量种业企业竞争力的核心指标，国投丰乐在2022年8月1日至2025年7月31日，三个种业经营年度 表现较为优异。 具体来看，公司玉米种子销售收入分别增长25.68%、41.56%、26.46%，水稻种子销售收入分别增长 28.72%、12.21%、18.5%，小麦种子销售收入分别增长145.57%、38.91%、23.02%。 值得一提的是，2024年度公司种业板块制种面积、平均单产、总产量、收入均创历史新高，种业收入首 次突破10亿元大关。 国投丰乐表示，目前，公司已构建育种科研体系，不断完善、改进基础设 ...

国投丰乐最近发布的种业经营年度报告显示，公司种业步入良性发展轨道，商业化育种能力不断增强， 品种结构持续改善，种业发展实现逆势增长。近三个种业经营年度，公司玉米种子销售收入分别增长 25.68%、41.56%、26.46%，水稻种子销售收入分别增长28.72%、12.21%、18.5%，小麦种子销售收入分 别增长145.57%、38.91%、23.02%。2024年公司种业板块制种面积、平均单产、总产量、收入均创历史 新高，种业收入首次突破10亿元大关。玉米产业完成全国主要生态区域品种布局，玉米转基因品种铁 391K种植与市场表现优异，成为东北地区家喻户晓的玉米良种，并入选2025年国家农作物优良品种推 广目录，高品质抗逆优势大单品"丰乐520"顺利通过国家审定，抢占玉米黄金粮新赛道；水稻产业形成 以"祥两优""乐优"、籼粳交系列为代表的重点新品系，"中科发早粳"品种弥补双季早稻无粳稻的空白， 为主粮供应"端上第一碗饭"，"南陵早2号"作为特早熟早稻品种成为全国救灾备荒理想品种；小麦品 种"烟农1212"连续三年入选农业农村部主导品种，被农业农村部评为"成长型小麦品种"。 自2024年4月成为国投丰乐控股股东 ...

Core Viewpoint - The rice seed production base in Yiliu Town, Liuyuan Yao Autonomous County, has achieved a remarkable harvest, with an average yield of nearly 800 pounds per mu, sufficient to meet the seed demand for 100,000 mu of rice cultivation [1][3]. Group 1: Harvest and Production - The rice production base covers 550 mu, demonstrating a significant contribution to seed supply security in the region [1]. - The successful yield is attributed to the implementation of standardized seed production techniques, including green pest control, precise flowering period management, and integrated water and fertilizer application [3]. Group 2: Technological and Management Support - A professional agricultural technology team was established to provide on-site services, guiding farmers through critical stages such as seedling management, pollination, and grain filling [3]. - The integration of technology into farming practices has effectively addressed previous issues of yield fluctuation and quality inconsistency [3]. Group 3: Future Development Plans - Yiliu Town aims to expand its rice seed production area to over 1,000 mu next year, leveraging this year's high yield and strong market demand [5]. - The local government and support teams will enhance services related to storage, processing, and sales to transition the seed production industry from a scattered to a scaled approach [5].

Company Overview - Anhui Qianyinhigh-tech Seed Industry Co., Ltd. is located in Hefei High-tech Zone, Anhui Province, established on July 24, 2002, and listed on May 26, 2010 [2] - The company's main business includes the research, breeding, promotion, and service of major crops such as high-quality rice, corn, and wheat, as well as order agriculture driven by its quality specialty varieties [2] - The revenue composition of the main business 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% [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 1.436 billion yuan, a year-on-year increase of 1.81%, while the net profit attributable to the parent company was -41.3291 million yuan, a year-on-year decrease of 85.85% [2] - The company has distributed a total of 446 million yuan in dividends since its A-share listing, with 210 million yuan distributed in the last three years [3] Stock Performance - As of September 22, the stock price of Qianyinhigh-tech rose by 2.11% to 9.21 yuan per share, with a trading volume of 112 million yuan and a turnover rate of 1.37%, resulting in a total market capitalization of 8.725 billion yuan [1] - Year-to-date, the stock price has decreased by 21.62%, with a slight decline of 0.22% over the last five trading days and a decrease of 5.25% over the last 20 days, while it has increased by 3.48% over the last 60 days [1] - The company has appeared on the trading leaderboard once this year, with the most recent occurrence on April 8 [1] Shareholder Structure - As of September 10, the number of shareholders of Qianyinhigh-tech was 47,000, a decrease of 2.08% from the previous period, with an average of 19,056 circulating shares per person, an increase of 2.13% [2] - As of June 30, 2025, the top ten circulating shareholders included Wanjiapinzhi Life A (519195) as the third-largest shareholder with 17.4135 million shares, a decrease of 2.3126 million shares from the previous period [3]

Group 1 - On September 17, 2023, Qianyuan Gaoke's stock price fell by 0.54%, with a trading volume of 123 million yuan. The margin trading data indicated a financing purchase amount of 20.41 million yuan and a financing repayment of 21.81 million yuan, resulting in a net financing outflow of 1.41 million yuan. As of September 17, the total margin trading balance was 526 million yuan [1] - The financing balance of Qianyuan Gaoke was 525 million yuan, accounting for 6.07% of the circulating market value. This financing balance is below the 30% percentile level over the past year, indicating a low level [1] - On the same day, Qianyuan Gaoke repaid 5,300 shares in short selling and sold 3,000 shares, with a selling amount of 27,400 yuan based on the closing price. The short selling balance was 135,200 shares, with a total short selling balance of 1.23 million yuan, also below the 50% percentile level over the past year, indicating a relatively low level [1] Group 2 - Qianyuan Gaoke, 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, as well as order agriculture driven by its quality specialty varieties [2] - As of August 29, 2023, Qianyuan Gaoke had 48,000 shareholders, a decrease of 4% from the previous period. The average circulating shares per person increased by 4.17% to 18,659 shares [2] - For the first half of 2025, Qianyuan Gaoke achieved an operating income of 1.436 billion yuan, a year-on-year increase of 1.81%. However, the net profit attributable to the parent company was -41.33 million yuan, a year-on-year decrease of 85.85% [2] Group 3 - Since its A-share listing, Qianyuan Gaoke has distributed a total of 446 million yuan in dividends, with 210 million yuan distributed in the last three years [3] - As of June 30, 2025, among the top ten circulating shareholders of Qianyuan Gaoke, Wan Jia Quality Life A held 17.41 million shares, a decrease of 2.31 million shares from the previous period. Other notable shareholders include Yin Hua Domestic Demand Selected Mixed Fund, which held 9 million shares, and Wan Jia Zhen Xuan Mixed A, which held 8.52 million shares, both showing changes in their holdings [3]

Financial Performance - In the first half of 2025, the company's seed segment sales revenue decreased compared to the same period last year due to oversupply in the domestic corn seed market and increased competition [2] - The pesticide segment also saw a decline, primarily due to a strategic shift to reduce low-margin product sales and improve safety and environmental production standards [2] - Fertilizer business revenue dropped due to climate change affecting planting seasons, leading to delayed fertilizer demand [2] Strategic Development - Mergers and acquisitions (M&A) are a key development strategy, focusing on high-quality targets in the corn and rice seed industries [3] - The company is analyzing potential acquisition targets and plans to conduct M&A activities in the near future [3][7] - The company has committed to increasing investment in research and development, maintaining an annual investment intensity of over 8% [8] Capital Increase and Stock Performance - The pricing benchmark for the upcoming capital increase is set at 5.91 CNY per share, based on the average stock price over the 20 trading days prior to the board meeting on November 14, 2024 [4] - The company acknowledges that its stock price is influenced by macroeconomic conditions, industry trends, and market sentiment, and aims to enhance company value through internal growth and external M&A [10][20] Research and Innovation - The company is focusing on integrating conventional, biological, and information technologies to enhance the competitiveness of its seed varieties [8][9] - It is actively pursuing partnerships with core biotechnology firms and research institutions to accelerate the development of genetically modified corn varieties [9] Market Position and Challenges - The company holds a market share of only 15% in the national seed industry, significantly lower than the 60% share held by the top ten global seed companies [7] - The fragmented nature of the seed industry presents challenges for consolidation and growth, with a need for policies to protect intellectual property and support leading enterprises [7]

Group 1 - The core strategy of the company is mergers and acquisitions, particularly in the seed industry, which is characterized by a fragmented market with few quality targets available for acquisition [1] - The company plans to focus its acquisitions in the corn seed industry in the Huang-Huai-Hai, Southwest, and Northwest markets [1] - In the rice seed industry, the company will target acquisitions in the middle and lower reaches of the Yangtze River for medium indica rice, post-wheat rice, late rice markets, and high-quality rice markets in South China [1]

证券代码：000713 证券简称：国投丰乐 公告编号：2025-043 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：本报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、概述 按照《深圳证券交易所上市公司自律监管指引第3号——行业信息披 露（2025年修订）》要求，现将本公司2024—2025种业经营年度经营情 况进行报告。 根据生产经营实际情况，本公司种子经营以上一年的8月1日至次年 的7月31日作为一个经营年度。本次披露数据为公司2024年8月1日到2025 年7月31日种业经营情况，总营业收入为种子业务收入，收入、销售数量 所占比例分别为占种子总营业收入、种子总销售数量的比例。 三、营业收入排名前五的业务大类经营情况 国投丰乐种业股份有限公司 2024-2025 种业经营年度经营情况报告 二、总体经营情况 单位：万元、万公斤 | 项目 | 2024 年 8 月 -2025 年 7 月 | 1 日 31 日 | 2023 年 8 -2024 年 7 | 月 1 日 月 31 日 | 同比增减 | | - ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company is expected to achieve a pig output of 8 million heads, with the complete cost reduced to 12.7 yuan per kilogram [4][5] - In the first half of 2025, the company reported a revenue of 13.56 billion yuan, a year-on-year increase of 3.6%, and a net profit attributable to the parent company of 235 million yuan, a year-on-year increase of 250.9% [4][5] - The company’s pig farming segment achieved a net profit of over 600 million yuan in the first half of 2025, with a significant increase in output and a decrease in costs [5][6] Financial Performance Summary - For the first half of 2025, the company’s pig output was 3.83 million heads, a year-on-year increase of 34.6%, and the total stock of pigs was over 4.8 million heads [5] - The company’s seed business generated a revenue of 477 million yuan, a year-on-year increase of 59.2%, with a gross profit of 168 million yuan, a year-on-year increase of 82% [7] - The company’s financial indicators for 2025E include an expected revenue of 28.48 billion yuan, a net profit of 674 million yuan, and a gross margin of 15.9% [9][10] Future Projections - The company forecasts pig output to reach 8 million heads in 2025, 8.4 million heads in 2026, and 8.82 million heads in 2027, with corresponding revenues of 28.48 billion yuan, 29.68 billion yuan, and 29.88 billion yuan [6][9] - The net profit attributable to the parent company is projected to be 674 million yuan in 2025, 1.104 billion yuan in 2026, and 1.21 billion yuan in 2027, reflecting significant growth rates [9][10]