Market Overview - The Shanghai Composite Index closed at 3888.00 points, with a slight increase of 0.11% and total trading volume of 169.94 billion yuan [1] - A total of 26 A-shares have surpassed their annual moving average, indicating positive market sentiment [1] Notable Stocks - Creative Information (300366) showed the highest deviation rate of 4.01%, with a daily increase of 4.72% and a turnover rate of 13.12% [1] - TCL Smart Home (002668) followed with a 3.37% deviation rate, increasing by 5.49% today [1] - Weiming Environmental (603568) had a deviation rate of 2.57%, with a daily increase of 3.46% [1] Stocks with Smaller Deviations - China National Pharmaceutical (600938), Zhongju High-tech (600872), and China Oil (000028) all had minor deviation rates, just above their annual lines, with increases of 0.31%, 1.11%, and 0.57% respectively [2]

Group 1 - The core viewpoint of the article highlights the financial performance of Tianye Co., Ltd. for the first half of 2025, showing a revenue increase but a significant decline in net profit [1][2]. - In the first half of 2025, Tianye Co., Ltd. achieved an operating income of approximately 266 million yuan, representing a year-on-year growth of 12.73% [1]. - The net profit attributable to shareholders was approximately 16.37 million yuan, reflecting a year-on-year decrease of 38.80% [1]. - The net cash flow from operating activities was approximately 22.40 million yuan, which is a year-on-year increase of 14.29% [1]. Group 2 - As of June 30, 2025, Tianye Co., Ltd. had total assets of 1.648 billion yuan, an increase of 4.53% from the beginning of the year [2]. - The total liabilities were 437 million yuan, which is a 14.43% increase compared to the beginning of the year [2]. - The equity attributable to the parent company was 1.211 billion yuan, reflecting a growth of 1.37% from the beginning of the year [2]. Group 3 - Tianye Co., Ltd. primarily engages in the research, production, and sales of tropical fruit and vegetable products, including raw fruit juice, frozen fruits and vegetables, and fresh fruits [2]. - The company has four modern factories located in key tropical fruit and vegetable production areas in China, including Beihai, Hainan, Panzhihua, and Jingmen [2]. - Tianye Co., Ltd. serves major B-end clients, including well-known companies such as Nayuki Tea and Coca-Cola, but faces significant operational pressure due to declining PPI [3]. - The company's gross profit margin for the reporting period was 20.68%, down from 25.64% in the same period last year, primarily due to low pricing for its flagship mango juice product [3]. - To cope with intense market competition, the company is optimizing its product and customer structure, increasing the production of lychee juice, and expanding its orange juice business [3].

证券代码：832023 证券简称：田野股份 公告编号：2025-052 田野创新股份有限公司 第五届董事会第二十九次会议决议公告 4.发出董事会会议通知的时间和方式：2025 年 8 月 9 日以电话及邮件方式发出 5.会议主持人：董事长姚玖志先生 6.会议列席人员：监事及高级管理人员 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律 责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 8 月 20 日 2.会议召开地点：公司会议室 3.会议召开方式：现场及通讯方式 7.召开情况合法、合规、合章程性说明： 会议的召集、召开、议案审议程序等符合法律、行政法规、部门规章、规范性文 件和《公司章程》的规定。 （二）会议出席情况 会议应出席董事 5 人，出席和授权出席董事 5 人。 二、议案审议情况 根据《公司法》《证券法》《北京证券交易所股票上市规则》等法律法规及《公司 章程》的有关规定，公司编制了 2025 年半年度报告及其摘要。 （一）审议通过《关于 2025 年半年度报告及其摘要的 ...

证券代码：832023 证券简称：田野股份 公告编号：2025-056 田野创新股份有限公司 募集资金存放、管理与实际使用情况的专项报告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律 责任。 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 1、向不特定合格投资者公开发行 2022 年 12 月 21 日，中国证券监督管理委员会做出《关于同意田野创新股份有限 公司向不特定合格投资者公开发行股票注册的批复》（证监许可【2022】3199 号），同 意公司向不特定合格投资者公开发行股票的注册申请。2023 年 1 月 19 日，北京证券 交易所《关于同意田野创新股份有限公司股票在北京证券交易所上市的函》（北证函 【2023】10 号）通知，公司股票于 2023 年 2 月 2 日在北京证券交易所上市。 1、2024 年 8 月 26 日公司召开第五届董事会第二十一次会议、第四届监事会 第十九次会议，分别审议通过了议案一《关于公司募投项目延期的议案》 和议案二 《关于公司部分募投项目名称变更的议案》， 在 ...

证券代码：832023 证券简称：田野股份 公告编号：2025-053 田野创新股份有限公司 第五届监事会第三次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律 责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 8 月 20 日 2.会议召开地点：公司会议室 6.召开情况合法、合规、合章程性说明： 会议的召集、召开、议案审议程序等符合法律、行政法规、部门规章、规范性文 件和《公司章程》的规定。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《关于 2025 年半年度报告及其摘要的议案》 1.议案内容： 3.会议召开方式：现场及通讯方式 4.发出监事会会议通知的时间和方式：2025 年 8 月 9 日以电话及邮件方式发出 5.会议主持人：监事会主席莫艳秋女士 具体内容详见公司在北交所网站（www.bse.cn）披露的《2025 年半年度募集资金 存放、管理与实际使用情况的专项报告》（公告编号：2025-056 ...

Group 1 - The core viewpoint of the news is that Tianye Co., Ltd. has received approval for its fruit and vegetable deep processing expansion project, with a total investment of 3.09 million yuan [1] - The "A-share Green Report" project aims to enhance the transparency of environmental information for listed companies, utilizing authoritative environmental regulatory data from 31 provinces and 337 cities [1] - The latest A-share Green Weekly Report indicated that eight listed companies have recently exposed environmental risks [1] Group 2 - Tianye Co., Ltd.'s main business segments include raw juice, frozen fruits and vegetables, and others, contributing 90.93%, 8.6%, and 0.47% to its revenue, respectively [2] - The company's market capitalization is 1.538 billion yuan, with projected revenues of 4.598 billion yuan for 2023 and 4.935 billion yuan for 2024 [3] - The net profit attributable to the parent company is forecasted to be 333.78 million yuan for 2023, decreasing to 96.55 million yuan in 2024 [3]

Core Viewpoint - Tianye Co., Ltd. is embroiled in a financial fraud scandal involving inflated revenues, manipulated costs, and misrepresented asset values, leading to significant financial restatements and potential delisting risks [1][2][3] Financial Performance - In 2024, Tianye's total profit was revised down from 34.08 million to 14.21 million, a decrease of approximately 58.3%, while net profit attributable to shareholders fell by 66.2% from 28.59 million to 9.65 million [2] - Revenue increased slightly by 7.3% compared to 2023, but net profit saw a dramatic decline of 71.5%, marking the lowest point since 2012 [2] - The company's revenue from core juice products accounted for 74.3% and 90.9% of total revenue in 2023 and 2024, respectively, but faced significant price pressures and declining margins [4][5] Client Dependency and Market Challenges - Major clients in the new-style tea beverage sector, such as Nayuki Tea and Tea Baidao, accounted for 82.9% of procurement, contributing significantly to revenue [2] - The competitive landscape has intensified, with major clients experiencing substantial losses, leading to reduced orders from Tianye [3][4] - The average price of mango juice dropped from 10,200 CNY/ton to 8,800 CNY/ton, while unit costs increased by 2%, resulting in a significant decline in gross margins [4][5] Governance and Investment Issues - Tianye established a private equity fund with Fangfu Venture Capital, but the fund's investment progress has raised concerns, with no direct project investments reported [6][7] - The fund's intended investment projects have been delayed, and there are questions regarding the legitimacy of certain transactions, including a questionable acquisition of shares in an unrelated biotech company [8][9] - Tianye has urged Fangfu to fulfill its capital contribution obligations by August 31, 2025, or risk exiting the fund [9]

Core Insights - The company, Tianye Co., Ltd. (832023.BJ), has emerged as a leading player in the tropical fruit and vegetable raw material processing industry, driven by China's consumption upgrade and rural revitalization strategy [1][2] - The company emphasizes product quality and service innovation, establishing itself as a crucial partner for well-known brands like Nayuki Tea and Nongfu Spring [1][2] Group 1: Quality Management - The company views product quality as its lifeline, implementing a comprehensive quality management system covering raw material procurement, production, and logistics [1] - All four production bases have received international certifications such as ISO9001, HACCP, and BRCGS, ensuring safety and quality from farm to table [1] - The company has established itself as a standard-setter in the industry, contributing to national agricultural standards for non-concentrated fruit and vegetable juice [1] Group 2: Service Innovation - Tianye Co., Ltd. positions itself not just as a raw material supplier but as a value co-creation partner, offering a one-stop solution that includes products, formulas, and services [2] - The company has developed a rapid response mechanism to meet the high-frequency new product launch demands of new tea brands, successfully introducing products like prickly pear juice and oil olive juice [2] - By providing flexible supply models and diverse specifications, the company exceeds traditional supplier roles and integrates deeply into the customer supply chain [2] Group 3: Policy and Industry Strategy - As a key national leading enterprise in agricultural industrialization, the company actively responds to rural revitalization strategies, enhancing farmers' income through a model that integrates enterprises, cooperatives, and farmers [2] - The company leverages policy benefits from initiatives like the Hainan Free Trade Port and the Western Development strategy to optimize production capacity and reduce costs [2] - Initiatives in digital agriculture and the application of IoT technology are being piloted to improve raw material quality and promote sustainable development through resource recycling [2] Group 4: Future Outlook - The company plans to continue deepening its "quality + service" strategy, enhancing raw material traceability to boost consumer trust [3] - By focusing on customer needs and expanding market recognition through customized production and standard leadership, the company aims to inject lasting momentum into the high-quality development of the tropical fruit and vegetable industry [3]

证券代码:832023 证券简称:田野股份 公告编号:2025-051 田野创新股份有限公司 关于对北京证券交易所 2024 年年报问询函回复的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整,没有虚假记载、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个别及连带法律 责任。 北京证券交易所上市公司管理部: 近期,田野创新股份有限公司(以下简称"公司")收到北京证券 交易所上市公司管理部下发的《关于对田野创新股份有限公司的年报问 询函》(年报问询函【2025】第 050号,以下简称《问询函》),公司和中 兴华会计师事务所(特殊普通合伙)(以下简称"年审会计师")《问询 函》所关注的事项高度重视,本着勤勉尽责、诚实守信的原则,就相关 问题逐项进行梳理、核查与落实。现就《问询函》关注的事项,具体回 复如下: 问题 1、关于非标审计意见 针对你公司 2024年财务报告,中兴华会计师事务所出具了保留意见 的审计报告, 导致保留意见原因为年审会计师无法获取销售收入的商业 合理性及款项可收回性的证据,无法获取涉及采购交易的商业合理性及 形成的款项是否存在和准确性的证据,无法获取以证实在建工程发 ...

证券代码：832023 证券简称：田野股份 公告编号：2025-050 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律 责任。 重要提示： 根据《北京证券交易所股票上市规则》10.4.2 条第（六）项，若"首个会计年度 财务报告内部控制被出具无法表示意见或否定意见的审计报告，或者未按照规定披露 财务报告内部控制审计报告"，田野创新股份有限公司（以下简称"公司"）股票可能 被北京证券交易所实施退市风险警示。 一、可能被实施退市风险警示的原因 2025 年 4 月 28 日，公司召开第五届董事会第二十七次会议，审议通过了《关于 内部控制评价报告的议案》，详见公司于 2025 年 4 月 29 日在北交所网站 （http://www.bse.cn）披露的《田野创新股份有限公司内部控制评价报告》（公告编号： 2025-015）、《中兴华会计师事务所（特殊普通合伙）关于田野创新股份有限公司内部 控制审计报告》（公告编号：2025-016）。 公司聘请的中兴华会计师事务所（特殊普通合伙）依据《中国注册会计师审计准 则》等法 ...