香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 延遲寄發通函 茲 提 述 本 公 司 日 期 為 二 零 二 五 年 六 月 三 十 日 的 公 告（「 該 公 告 」）。 除 另 有 訂 明 者 外，本公告所用詞彙與該公告所載列者具有相同涵義。 誠如該公告所述，載有（ 其中包括 ）(i)新框架協議、其項下擬進行的交易及建議年 度上限的進一步詳情；(ii)獨立董事委員會函件，當中載有其就新框架協議、其項 下 擬進 行的 交 易及 建議 年度 上 限的 推薦 建 議； (iii) 獨 立財 務顧 問 致獨 立董 事 委員 會及獨立股東的意見函件，當中載有其就新框架協議、其項下擬進行的交易及建 議年度上限的推薦建議；(iv)股東特別大會通告；及(v)上市規則規定的其他相關 事宜的通函（「通函」），預期將於二零二五年七月三十一日或之前寄發予股東。 由於需要額外時間編製及敲定載入通函的資料，本 ...

天眼查商业履历信息显示，罗牛山股份有限公司，成立于1987年，位于海口市，是一家以从事农业为主 的企业。企业注册资本115151.3578万人民币，实缴资本88013.2万人民币。公司法定代表人为徐自力。 通过天眼查大数据分析，罗牛山股份有限公司共对外投资了63家企业，参与招投标项目37次，知识产权 方面有商标信息139条，此外企业还拥有行政许可248个。 来源：金融界 金融界消息 截至2025年7月29日收盘，罗 牛 山（000735）报收于6.51元，下跌0.61%，换手率3.33%， 成交量38.36万手，成交金额2.50亿元。 资金流向方面，今日主力资金净流出1799.59万元，占比成交额7.2%。其中，超大单净流出1085.14万 元、占成交额4.34%，大单净流出714.46万元、占成交额2.86%，中单净流出流入754.61万元、占成交额 3.02%，小单净流入1044.99万元、占成交额4.18%。 罗牛山最新一期业绩显示，截至2025一季报，公司营业总收入4.51亿元、同比减少50.74%，归属净利润 812.18万元，同比减少91.36%，扣非净利润414.95万元，同比减少96.36%， ...

Group 1 - The company is a rare quality beef listed entity with stable beef and lamb resources from New Zealand [1] - The company was formerly known as Shanghai Meilin Zhengguanghe Co., Ltd., and is a core meat industry enterprise under Bright Food Group, with various well-known brands [1] - In Q1 2025, the company's revenue increased by 8.46% year-on-year to 6.154 billion yuan, and net profit attributable to the parent company rose by 66.82% to 166 million yuan, benefiting from the rising beef prices [1] Group 2 - The domestic beef cattle breeding industry is undergoing significant capacity reduction, with a projected turning point in supply expected in 2025 [2] - In January 2025, beef cattle slaughter increased by 6% month-on-month and 39% year-on-year, while the breeding stock decreased by 22% year-on-year [2] - The company anticipates a significant rebound in beef prices starting in 2025, with a potential peak price increase of 80% compared to the bottom price at the end of 2024 [2] Group 3 - The company's beef business is expected to benefit from the price reversal, with a cautious estimate of an increase in net profit by approximately 520 million yuan if prices rise by 22% from the bottom [3] - The subsidiary Silver Fern Farms has a production volume of 350,000 to 400,000 tons of beef and lamb annually, accounting for 30% of New Zealand's total output, primarily exporting to China and the U.S. [3] - The company forecasts net profits of 496 million, 601 million, and 705 million yuan for 2025-2027, with annual profit growth rates of 129.7%, 21.1%, and 17.3% respectively [3]

Financial Performance - As of March 31, 2025, *ST Zhongdi reported total revenue of 11.77 billion, ranking 7th among disclosed peers, with an increase of 8.14 billion compared to the same period last year, representing a year-on-year growth of 224.19% [1] - The net profit attributable to shareholders was -493 million, ranking 85th among peers, a decrease of 277 million from the same period last year [1] - The net cash flow from operating activities was -106 million, ranking 64th among peers, a decline of 1.34 billion year-on-year, down 108.56% [1] Financial Ratios - The latest debt-to-asset ratio was 89.42%, ranking 86th among peers, a decrease of 0.33 percentage points from the previous quarter, but an increase of 3.89 percentage points year-on-year [3] - The latest gross profit margin was 0.92%, ranking 86th among peers, a decrease of 6.67 percentage points from the previous quarter and a decrease of 13.39 percentage points year-on-year [3] - The diluted earnings per share were -0.66, ranking 91st among peers, a decrease of 0.35 from the same period last year [3] Efficiency Metrics - The latest total asset turnover ratio was 0.11 times, ranking 3rd among peers, an increase of 0.09 times year-on-year, representing a growth of 303.89% [3] - The latest inventory turnover ratio was 0.15 times, ranking 13th among peers, an increase of 0.12 times year-on-year, representing a growth of 376.80% [3] Shareholder Structure - The number of shareholders was 50,900, with the top ten shareholders holding 457 million shares, accounting for 61.12% of the total share capital [3] - The largest shareholder, China Communications Real Estate Group Co., Ltd., holds 52.16% of the shares [3]

1） 生猪养殖业务：亏损进一步缩窄，毛利率3.16%（ yoy+17.01pct）公司持续推进降本增效和内部协 同，2024 年该板块实现营收18.96 亿元（yoy+51.24%），子公司光明农牧公司实现营收18.96 亿元 （yoy+51.24%），净利润亏损3.79 亿元，较2023 年亏损大幅缩窄，全年生猪出栏量101.9 万头； 2） 生猪屠宰、深加工及分销：收入规模整体承压，多渠道发力2024 年该板块实现营收45.96 亿元 （yoy-9.88%），其中猪肉制品营收31.66（yoy-7.43%），罐头食品营收14.30 亿元（yoy-14.88%）。 事件：3 月28 日，公司发布2024 年年报，2024 年公司实现营收219.87 亿元（yoy-1.70%），实现归母净 利润2.16 亿元（yoy-4.22%），实现扣非归母净利润0.86 亿元（ yoy-43.64%）。其中2024Q4 实现营收 56.03 亿元（yoy-5.36%），实现归母净利润-1.65 亿元（yoy-78.22%），实现扣非归母净利润-2.06 亿元 （yoy-139.40%）。 2024 年品牌食品增长稳健，肉 ...

Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 36.8 million, a decrease of 40.0% compared to RMB 61.3 million in the same period of 2023[3] - The company reported a pre-tax loss of RMB 17.8 million, which is an increase of 52.1% from a loss of RMB 11.7 million in the previous year[3] - The company recorded total revenue of approximately RMB 36,800,000 for the review period, a decrease of 40.0% compared to RMB 61,300,000 for the same period last year[13] - The fruit distribution business generated revenue of approximately RMB 7,900,000, a decline of 68.8% from RMB 25,400,000 in the previous year[16] - The air conditioning distribution business reported revenue of approximately RMB 26,900,000, down 25.1% from RMB 35,900,000 in the same period last year[17] - The company reported a loss attributable to owners of approximately RMB 14,500,000, an increase from RMB 11,800,000 in the previous year[23] - The company recorded a total comprehensive loss of RMB (14,328) thousand for the six months ended December 31, 2024, compared to a total comprehensive loss of RMB (12,618) thousand for the same period in 2023[51] - The group incurred a loss of RMB 17,825 thousand for the six months ended December 31, 2024, compared to a loss of RMB 11,814 thousand for the same period in 2023, indicating a worsening of approximately 50%[60] Assets and Liabilities - Total assets decreased by 8.2% to RMB 146.9 million as of December 31, 2024, down from RMB 160.1 million[4] - The company's total assets as of December 31, 2024, were RMB 146,895 thousand, down from RMB 160,068 thousand as of June 30, 2024[47] - The group’s total liabilities increased to RMB 24,651 thousand as of December 31, 2024, compared to RMB 23,087 thousand as of June 30, 2024, marking an increase of approximately 7%[60] - The company's current ratio and quick ratio as of December 31, 2024, are approximately 3.8 and 3.5, respectively, compared to 5.1 and 4.6 as of June 30, 2024[33] - The net asset liability ratio increased from approximately -3.5% as of June 30, 2024, to approximately 2.8% as of December 31, 2024, primarily due to a decrease in cash and cash equivalents[36] Cash Flow and Financing - Cash and cash equivalents fell by 53.6% to RMB 7.8 million from RMB 16.8 million[4] - The company reported a net cash outflow from operating activities of RMB (6,139) thousand for the six months ended December 31, 2024, compared to RMB (21,459) thousand for the same period in 2023, indicating an improvement in cash flow management[52] - The group had approximately RMB 11,200,000 in bank loans and other borrowings as of December 31, 2024, down from RMB 12,000,000 as of June 30, 2024[33] - The company raised RMB 2,940 thousand through non-controlling interest injections during the reporting period, contributing to its financing activities[52] - The group obtained financing of RMB 1,000,000 from a licensed lender in China, with an annual interest rate of 5.9%, to be repaid by September 23, 2024[102] Operational Strategy - The company plans to optimize its planting strategy to manage overall yield and crop production, focusing on high-value fruits[7] - The air conditioning distribution business, launched in late 2021, aims to diversify revenue sources and is currently in a development phase[7] - The company will continue to monitor macroeconomic conditions and adjust strategies for its planting and fruit distribution businesses to maintain competitiveness[11] - The company emphasizes the importance of operational efficiency and plans to expand into the commercial building market to enhance economies of scale[11] Employee and Management - Employee costs increased to approximately RMB 8,300,000, up by RMB 2,700,000 compared to RMB 5,600,000 in the same period last year[19] - The group has adopted a competitive compensation scheme to attract and retain talent, with 90 long-term employees as of December 31, 2024, up from 61 as of June 30, 2024[39] - The total remuneration for key management personnel for the six months ended December 31, 2024, was RMB 935,000, an increase from RMB 863,000 in the previous year[104] Risks and Challenges - The geopolitical tensions may continue to impact consumer confidence and economic activity in China, affecting the company's outlook[8] - The company faces risks from climate change and natural disasters that could significantly impact productivity and financial performance in its planting business[25] - The company faces various risks related to its cultivation, including regulatory, supply and demand, climate, and price risks, which are actively managed through regular reviews and market analysis[82][83][84][85] Shareholder and Capital Management - The board did not recommend the payment of an interim dividend for the six months ended December 31, 2023[29] - The company has no capital commitments as of December 31, 2024[37] - The company underwent a capital reorganization, reducing the total issued shares from 2,980,105,859 to 14,900,529 through a share consolidation[94] - The company's capital management strategy remains consistent with the previous year, focusing on maximizing shareholder value[97] Compliance and Governance - The company has adopted the corporate governance code as per the listing rules and has complied with all provisions of the code[121][122] - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's financial controls and risk management systems[126]

Core Viewpoint - The copper market is experiencing significant volatility due to potential import tariffs announced by U.S. President Trump, leading to a surge in copper prices and increased activity in the non-ferrous metal sector [9][11]. Non-Ferrous Metal Sector Activity - The non-ferrous metal sector has shown strong performance, with the sector index rising for three consecutive trading days. Notably, Northern Copper Industry Co., Ltd. (stock code: 000737) reached a limit-up price, achieving a three-day gain of two limit-ups [3][5]. - Other companies in the non-ferrous metal sector, such as Fuda Alloy Materials Co., Ltd. (stock code: 603045), Anhui Zhongyuan New Materials Co., Ltd. (stock code: 603527), and Xinjiang Alloy Investment Co., Ltd. (stock code: 000633), also experienced limit-up trading [5][7]. Copper Price Dynamics - COMEX copper prices reached a historical high of $5.3740 per pound, surpassing the previous record of $5.199 per pound set on May 20 of the previous year, with a year-to-date increase exceeding 30% [9][11]. - Market analysts suggest that while short-term copper prices are influenced by tariff expectations, the medium-term outlook will depend on supply and demand dynamics. Currently, the international copper market is characterized by an oversupply situation, with no significant increase in demand from China [11][12]. Future Outlook - Analysts from CITIC Futures anticipate that copper supply constraints will persist, with marginal demand recovery providing support for copper prices. They expect copper prices to exhibit a strong oscillating trend in the medium to long term [11][12]. - The long-term demand for copper is projected to be driven by growth in the power and electric vehicle sectors, indicating that while significant price increases may be limited, copper prices are likely to remain at elevated levels [11][12].

Financial Performance - The group's revenue for the review period was approximately RMB 36,800,000, a decrease of 40.0% compared to RMB 61,300,000 for the same period last year [18]. - The company reported a loss attributable to shareholders of approximately RMB 14,500,000, compared to RMB 11,800,000 for the six months ending December 31, 2023 [32]. - The company reported a net loss of CNY (17,825,000) for the current period, compared to a net loss of CNY (11,814,000) in the prior period, reflecting a worsening financial position [54]. - The company’s total comprehensive loss for the period was RMB 17,677,000, compared to RMB 12,618,000 in the previous year, indicating an increase of about 40.2% [55]. - The company reported a basic and diluted loss per share of RMB 14,476 for the six months ended December 31, 2024, compared to RMB 11,814 for the same period in 2023 [90]. Revenue Breakdown - The fruit distribution business recorded revenue of approximately RMB 7,900,000, a significant decrease of 68.8% compared to RMB 25,400,000 for the same period last year [22]. - The air conditioning distribution business generated revenue of approximately RMB 26,900,000, down 25.1% from RMB 35,900,000 for the same period last year [23]. - The new consumer products and other sales and distribution business contributed approximately RMB 300,000, still in the early development stage [24]. - Revenue from Customer A amounted to 6,857,000 RMB for the six months ended December 31, 2024, while Customer B contributed 9,861,000 RMB [78]. - The sales of fruits amounted to RMB 1,595,000, while air conditioning sales reached RMB 26,905,000 for the six months ended December 31, 2024 [80]. Operational Strategies - The group plans to expand its air conditioning distribution business to diversify revenue sources and mitigate risks associated with other business segments [8]. - The group aims to enhance operational efficiency and core competitiveness to address current challenges and improve overall competitiveness [11]. - The group plans to adjust its planting and fruit distribution strategies to maintain competitiveness in response to market conditions [14]. - The group is developing online and offline sales and distribution channels for consumables and other products through its joint ventures [10]. - The group aims to enhance operational efficiency and expand into the commercial building market [14]. Cost Management - Employee costs for the period amounted to RMB 8,300,000, an increase of RMB 2,700,000 compared to RMB 5,600,000 for the six months ending December 31, 2023 [27]. - General and administrative expenses reached approximately RMB 10,500,000, an increase from RMB 7,800,000 for the six months ending December 31, 2023 [29]. - The company has adopted a strict cost control and prudent financial policy to ensure sufficient operating funds [45]. - The total operating expenses increased to CNY (10,455,000) from CNY (7,779,000), which may affect future operational efficiency [54]. Market Conditions - The geopolitical tensions may continue to impact consumer confidence and economic activity in China in the short term [11]. - The fruit distribution business is expected to face challenges in demand recovery due to slow domestic consumption improvement [37]. - The group remains optimistic about the gradual improvement of the Chinese consumer market, despite potential external factors affecting the pace of recovery [14]. - The company faces risks from climate change and natural disasters affecting its fruit planting operations [34]. Financial Position - As of December 31, 2024, the group had bank borrowings and other debts amounting to approximately RMB 11,200,000, down from RMB 12,000,000 on June 30, 2024 [44]. - The group's cash and cash equivalents were approximately RMB 7,800,000 as of December 31, 2024, a decrease from RMB 16,800,000 on June 30, 2024 [44]. - The current ratio and quick ratio as of December 31, 2024, were approximately 3.8 and 3.5, respectively, compared to 5.1 and 4.6 on June 30, 2024 [44]. - The net asset liability ratio increased from approximately -3.5% on June 30, 2024, to approximately 2.8% on December 31, 2024, primarily due to a decrease in cash and cash equivalents [47]. Governance and Compliance - The audit committee, composed of three independent non-executive directors, is responsible for reviewing the company's financial controls and risk management systems [108]. - The company has adhered to all corporate governance rules as of December 31, 2024 [105]. - The board of directors includes one executive director and three independent non-executive directors, indicating a diverse governance structure [109]. Future Outlook - The group believes in the long-term growth potential of the Chinese market despite facing challenges during the review period [7]. - The company has not provided specific guidance for future performance, but the current trends indicate challenges ahead [54]. - The company has not disclosed any other customers contributing more than 10% of total revenue during the periods [79].

Financial Performance - Revenue for the fiscal year ending June 30, 2024, was RMB 168.6 million, representing a 53.3% increase from RMB 110.0 million in the previous year[2] - The company reported a loss attributable to shareholders of RMB 25.6 million, a 56.4% improvement compared to a loss of RMB 58.7 million in the prior year[2] - Total assets decreased by 14.9% to RMB 160.1 million from RMB 188.1 million year-over-year[3] - The net cash and cash equivalents fell by 35.6% to RMB 16.8 million from RMB 26.1 million[3] - The current ratio improved by 88.9% to 5.1 from 2.7 in the previous year, indicating better short-term financial health[3] - Other income and gains amounted to approximately RMB 5.1 million, compared to RMB 4.8 million in the previous year, mainly from government subsidies and interest income from receivables[24] - The company reported a loss attributable to owners of approximately RMB 25.6 million for the year ending June 30, 2024, a decrease from RMB 58.7 million in 2023, primarily due to the absence of impairment losses on result plants and gains from financial assets[34] - The company has no reserves available for distribution as of June 30, 2024, mirroring the situation from the previous year[65] - The company does not recommend a final dividend for the year ending June 30, 2024, consistent with the previous year[41] Business Operations - The company shifted its focus in the planting business to passion fruit, aiming to improve fruit quality and yield without significant resource investment[9] - The distribution business recorded significant year-on-year revenue growth, contributing positively to the overall financial performance[10] - The fruit distribution business generated revenue of approximately RMB 106.5 million, up 91.5% from RMB 55.6 million in the previous year, primarily due to the acquisition of Shaanxi Pinshang Agricultural Products Trading Co., Ltd.[22] - The air conditioning distribution business achieved revenue of approximately RMB 60.8 million, a 13.1% increase from RMB 53.8 million in the previous year, driven by market expansion in Shenzhen[23] - The planting business, focusing on passion fruit cultivation, recorded revenue of approximately RMB 1.3 million, up 98.9% from RMB 0.7 million in the previous year[20] - The group anticipates continued growth in domestic consumption in China, driven by an expanding middle class, despite competitive pressures and price sensitivity in the market[17] - The group aims to enhance operational efficiency and gradually expand its business scale in the air conditioning distribution sector, which is becoming a necessity for Chinese households[17] Strategic Initiatives - The company successfully raised approximately HKD 15.5 million through a rights issue in the second half of 2023 to support business development[6] - The company aims to optimize resource allocation by reallocating funds initially intended for a distribution center to enhance the planting business in Guangxi Province[9] - The board will continue to seek suitable market opportunities while managing operations effectively to improve overall profitability and shareholder returns[16] - The company announced a proposed rights issue at a subscription price of HKD 0.035 per share, aiming to raise up to approximately HKD 43.7 million[43] - The planned use of the rights issue proceeds includes HKD 7.13 million for inventory purchases and HKD 1.38 million for repaying bank loans[90] Risk Management - The company is maintaining flexibility in its overall strategy to respond to economic risks and geopolitical tensions[11] - The company faces risks from climate change and natural disasters that could significantly impact the productivity of its fruit plantations, ultimately affecting revenue and financial performance[35] - The management acknowledges the challenges faced in the planting business due to external factors such as weather and pests, and is implementing tailored solutions to mitigate these risks[18] Corporate Governance - The board consists of five members, including one executive director, one non-executive director, and three independent non-executive directors[116] - The company has established a remuneration committee to review and approve the overall remuneration policy and compensation packages for executive directors and senior management[101] - The company has received annual independence confirmations from all independent non-executive directors, and the board considers them to be independent[73] - The company has established three committees: audit, nomination, and remuneration, each with specific responsibilities[133] - The board has established a mechanism for assessing its independence, with satisfactory results from the annual review[125] - The company emphasizes transparency and accountability to investors and shareholders through its governance practices[113] Environmental, Social, and Governance (ESG) - The company is committed to complying with all local environmental laws and regulations while promoting environmental awareness among employees and business partners[185] - The company has invested in energy-saving technologies, such as solar installations and building design improvements, to reduce energy and fuel consumption[195] - The company aims to minimize adverse environmental impacts while maximizing shareholder returns through effective resource utilization and cost reduction[1] - The company identified key ESG areas for the 2023/2024 fiscal year, including air emissions, resource usage, and health and safety[175] - The management team regularly assesses ESG activities and reports to the board for approval and implementation, ensuring compliance with relevant laws and regulations[169] Employee and Talent Management - The company has adopted a competitive compensation scheme to attract and retain talent, with 61 long-term employees as of June 30, 2024, up from 59 in 2023[52] - The remuneration committee has adopted a competitive compensation policy for directors and senior executives, balancing fixed and variable remuneration to attract and retain talent[138] - As of June 30, 2024, the annual remuneration for senior management (excluding directors) is categorized, with one individual earning up to RMB 1 million[142] Shareholder Engagement - The company maintains a shareholder communication policy to ensure transparency and interaction with shareholders, utilizing various channels such as press releases and reports[154] - Stakeholder engagement is prioritized, with various communication channels established to gather feedback and address concerns from shareholders, employees, customers, and suppliers[172]

智通财经APP讯，亚洲果业(00073)发布公告，有关公司全资附属公司Cheer Kind与合营伙伴订立合营协议的相关事宜。根据合营协议，合营公司将于中国从事二手车中介及买卖业务。 基于内部理由及合营公司的初步计划尚未落实，合营伙伴决定终止合营协议项下拟进行活动。Cheer Kind与合营伙伴于2024年4月18日订立终止协议，双方互相协定终止合营协议(终止)，并解除及取消各自于其项下的责任，自终止协议日期起生效。 于本公告日期，除有关合营协议及成立合营公司产生的初步设立成本及专业费用外，公司并无产生与合营协议有关的其他重大资本承担及开支。根据终止协议，Cheer Kind及合营伙伴确认，合营协议项下一切权利及责任已告终止。截至本公告日期，合营公司尚未展开业务营运，亦未订立任何合约或对外产生任何负债。 董事会认为，终止不会对集团的财政状况及营运构成任何重大不利影响。 ...