Group 1 - The company, Shennong Development, indicated that its deep-processed meat products are primarily sold to Japan and South Korea, and it has successfully opened international markets for its breeding chicken business [2] - The company was asked about its product sales range, specifically regarding sales in Europe and EU countries, highlighting investor interest in the company's international operations [2]

投资者关系活动记录表 证券代码：002458 证券简称：益生股份 山东益生种畜禽股份有限公司 投资者关系活动记录表 编号：2026-01 投资者关系 活动类别 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 活动参与人员 天风证券：陈 潇、林毓鑫、孙 涛、邱 天 天风国际：Lihua Zhang 中信证券：魏 巍、梁 爽 世纪证券：周 维 第一创业：练 伟 五矿资本：王 坤 中庸资本：杨 崞 青骊投资：刘 淼 金科投资：荣富志 循远资产：田超平 鹤禧私募：潮礼君 益恒投资：钱 坤 创金合信：陈建军 中柏资产：戴 晔 米仓资产：管晶鑫 润晖资产：李 勇 亘曦私募：王海亮 颐和久富：米永峰 清和泉资本：柳超然 进门财经：李少芳 时间 2026 年 1 月 7 日 地点 山东益生种畜禽股份有限公司会议室 形式 电话会议 上市公司 接待人员姓名 总裁、董事会秘书兼财务总监：林杰 先生 交流内容及具体 问答记录 一、公司情况介绍： 益生股份成立于 1989 年，主要引进、繁育世界优质畜禽良种， 向社会推广种鸡、种猪及商品肉雏鸡，公司以高代次畜禽种源供应为 核心竞争力 ...

格隆汇12月29日丨益生股份(002458.SZ)公布，第六届董事会第三十三次会议，以7票同意、0票反对、0 票弃权审议通过了《关于改变部分募集资金用途的议案》，同意公司将2022年度向特定对象发行股票募 集资金投资项目中的"威海益生种猪繁育有限公司新建猪场建设项目"改变为以下三个项目：（1）山西 益生种禽有限公司聚乐乡塔儿村12万套种鸡养殖场项目；（2）山西益生种禽有限公司塔儿村种鸡二场 项目；（3）山西益生种禽有限公司施家会种鸡场项目。上述三个项目系公司在山西省大同市云州区投 资建设的"100万套父母代种鸡养殖场及配套项目"1（简称"100万套父母代项目"）的组成部分，为该整 体项目规划的九个父母代养殖场中的三个。公司原计划以自有资金或自筹资金推进"100万套父母代项 目"建设，现调整为对上述三个项目使用2022年度向特定对象发行股票所募集的资金进行投资，如有资 金不足部分，则由公司以自有或自筹资金补充。 ...

格隆汇12月29日丨益生股份(002458.SZ)公布，第六届董事会第三十三次会议，以7票同意、0票反对、0 票弃权审议通过了《关于改变部分募集资金用途的议案》，同意公司将2022年度向特定对象发行股票募 集资金投资项目中的"威海益生种猪繁育有限公司新建猪场建设项目"改变为以下三个项目：（1）山西 益生种禽有限公司聚乐乡塔儿村12万套种鸡养殖场项目；（2）山西益生种禽有限公司塔儿村种鸡二场 项目；（3）山西益生种禽有限公司施家会种鸡场项目。上述三个项目系公司在山西省大同市云州区投 资建设的"100万套父母代种鸡养殖场及配套项目"1（简称"100万套父母代项目"）的组成部分，为该整 体项目规划的九个父母代养殖场中的三个。公司原计划以自有资金或自筹资金推进"100万套父母代项 目"建设，现调整为对上述三个项目使用2022年度向特定对象发行股票所募集的资金进行投资，如有资 金不足部分，则由公司以自有或自筹资金补充。 ...

数据显示，前海开源基金旗下1只基金重仓京基智农。前海开源沪港深农业混合(LOF)A（164403）三季 度减持10.47万股，持有股数136.73万股，占基金净值比例为6.29%，位居第十大重仓股。根据测算，今 日浮盈赚取约94.34万元。连续3天上涨期间浮盈赚取80.67万元。 前海开源沪港深农业混合(LOF)A（164403）成立日期2016年7月20日，最新规模2.39亿。今年以来收益 8.17%，同类排名6038/8088；近一年收益7.68%，同类排名6108/8058；成立以来收益24.15%。 前海开源沪港深农业混合(LOF)A（164403）基金经理为吴国清、刘宏。 12月24日，京基智农涨5.08%，截至发稿，报14.28元/股，成交2.20亿元，换手率3.00%，总市值75.72亿 元。京基智农股价已经连续3天上涨，区间累计涨幅4.54%。 资料显示，深圳市京基智农时代股份有限公司位于广东省深圳市罗湖区桂园街道老围社区蔡屋围京基一 百大厦A座7101，成立日期1979年1月1日，上市日期1994年11月1日，公司主营业务涉及现代农业和房 地产业,主要包括:种猪、肉猪养殖与销售;种鸡、肉鸡养 ...

Group 1 - The controlling shareholder of Jingji Zhino disclosed a reduction in holdings, cashing out a total of 604 million yuan over three months, while management also engaged in a round of selling shares from September to November [1][2] - Following the share reductions, Jingji Zhino announced a share repurchase plan of 100 million to 200 million yuan, raising questions about its effectiveness in stabilizing the stock price amid the controlling shareholder's debt pressures [1][3] - The company's main business has shifted to pig farming due to the decline in real estate operations, and the significant drop in pig prices since October poses a challenge to its performance [1][6] Group 2 - Jingji Group reduced its stake from 53.11% to 50.33%, selling 2.78% of its shares, which equates to a cash inflow of approximately 178 million yuan from recent transactions [2][3] - Management's share reductions totaled 6.79 million yuan during the same period, indicating a broader trend of insider selling [2] - The share repurchase plan aims to utilize self-funding and/or self-raised funds, with a target to buy back between 421.94 million and 843.88 million shares, representing 0.80% to 1.59% of the total share capital [3] Group 3 - Jingji Group's high debt ratio of 64.08% and significant pledged shares indicate financial strain, with upcoming debt repayments of 699 million yuan and 973 million yuan due in the next six months and six months to one year, respectively [4][5] - Jingji Zhino's financial health is also under pressure, with a cash-to-short-term debt ratio of 0.53 and a current ratio of 0.49, raising concerns about the impact of the share buyback on its operations [5][6] - The company's revenue and net profit are projected to decline significantly in 2024, with a 52% drop in revenue and a 59.13% decrease in net profit, primarily due to the transition from real estate to pig farming [5][6] Group 4 - The pig farming business is expected to face challenges as pig prices have fallen below cost, with October and November prices at 11.87 yuan and 12.44 yuan per kilogram, respectively, indicating potential losses ahead [7][8] - The company's reliance on the pig cycle for future performance raises concerns, especially given the failed fundraising efforts aimed at expanding pig farming capacity [7][8]

Core Viewpoint - The company, Yisheng Co., confirmed that no highly pathogenic avian influenza virus has been detected in the provinces involved in the introduction of breeding chickens from France, and it is proceeding with its planned importation process [1] Group 1 - The company is currently importing breeding chickens from France as planned [1] - Strict customs inspections will be conducted upon the arrival of the breeding chickens in China to ensure safety [1] - The imported breeding chickens will be quarantined in a dedicated isolation area to undergo subsequent quarantine procedures [1]

Group 1 - The core viewpoint of the articles highlights the rapid development and investment in the livestock industry in Gaomi, Shandong, focusing on poultry farming and related projects [1][2][3] - Nanyu Agricultural Technology Co., Ltd. has established a large-scale chicken breeding farm with advanced equipment, aiming for an annual output of 50 million chickens upon completion of all phases [1] - Hexiang Agricultural Technology Co., Ltd. is developing a comprehensive chicken industry chain, including breeding, hatching, and processing, with an expected annual output value of 5 billion yuan [1] - The city of Gaomi is planning ten key livestock projects with a total investment of 3.558 billion yuan, covering various sectors such as breeding, processing, and dairy products [2] - The construction of a cheese production project in collaboration with Dutch partners is expected to generate an annual output value of over 100 million yuan once operational [2] Group 2 - The Gaomi Livestock Development Center is focused on enhancing the livestock industry by optimizing the industrial layout and strengthening the supply chain from breeding to market [3] - There is a concerted effort to stabilize the supply of meat, eggs, and milk in the region, indicating a strategic approach to meet consumer demand [3]

Group 1: Financial Performance - The company achieved a revenue of 8.86 billion yuan in the first half of 2025, showing a slight year-on-year increase [1] - Net profit attributable to shareholders surged to 910 million yuan, a year-on-year growth of 791.93%, largely due to non-recurring gains from the acquisition of Taiyanggu [1] - Excluding this factor, the net profit after deducting non-recurring items reached 376 million yuan, with a growth rate exceeding 300% [1] - Operating cash flow was strong at 1.43 billion yuan, reflecting a year-on-year increase of approximately 38% [1] Group 2: Sales Channels and Growth - C-end revenue grew over 30%, increasing its share to 15% of total revenue, with offline channels like KA systems performing particularly well [1] - B-end catering continued to grow at around 30% [5] - Export business, driven by the Russian market, saw growth exceeding 20%, with cooked products successfully entering the Hong Kong market [1] - The revenue structure is continuously optimizing, with deep processing product revenue growing significantly and surpassing 40% of total revenue, contributing to an overall gross margin increase of over 2 percentage points [1] Group 3: Cost Management and Efficiency - The company maintained good profitability due to significant cost control advantages, with meat production costs decreasing by over 10% [1] - Improvements in chicken performance and management practices contributed to cost reductions [6] - Strategic adjustments in sales channels have led to a decrease in the share of lower-value distribution channels, focusing more on high-value C-end and catering channels [5] Group 4: Future Outlook and Market Position - The integration of Taiyanggu is expected to contribute over 60 million breeding capacity and more than 80,000 tons of cooked food capacity annually [3] - The company holds approximately 20% market share in the domestic breeding chicken market, with plans for continued growth in exports [4] - The rapid growth in C-end sales is attributed to effective collaboration between online and offline strategies, leveraging market trends and strong product development capabilities [7] - Cash flow improvements are a result of ongoing financing structure enhancements and a focus on technological upgrades and channel optimization [8]

Group 1 - The company responded to investor inquiries regarding the progress of its Huizhou and Yunfu projects, indicating that the Huizhou project involves breeding and selling a small number of chickens through self-breeding methods [2] - The company advised investors to refer to its regular reports and other publicly disclosed documents for specific details about the projects [2]