FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 深圳百果園實業（集團）股份有限公司 呈交日期： 2026年3月31日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02411 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 深圳百果園實業（集團）股份有限公司 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02411 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份 ...

FF305 表格類別： 股票 狀態： 新提交 公司名稱： 深圳百果園實業（集團）股份有限公司 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 呈交日期： 2026年3月27日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02411 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | ...

EF001 | | 股東類型 | 稅率 | 有關代預扣所得稅之更多補充 | | --- | --- | --- | --- | | | | | （如適用） | | | 非居民企業 | | | | | （非中國內地登記地址） | 10% | 任何以非個人股東名義，包括以香 | | | | | 港中央結算（代理人）有限公司、 | | | | | 其他代理人或受託人、或其他組織 | | | | | 及團體名義登記的H股股份皆被視 | | | | | 為由非居民企業股東（定義見《企 | | | | | 業所得稅法》）所持有的股份，本 | | | | | 公司將在代扣代繳10.0%企業所得 | | | | | 稅後，向該等非居民企業股東派發 末期股息。 | | | 非個人居民 | | | | | | | 本公司在H股個人股東派發末期股 | | | （非中國內地登記地址） | 10% | 息時，將按10%或20%的稅率扣繳 | | | | | 個人所得稅，但稅務法規、相關稅 | | | | | 收協定或通知另有規定的，將按相 | | | | | 關規定及稅收徵管要求具體辦理。 | | | 非個人居民 | | | | | ...

Financial Performance - For the fiscal year ending December 31, 2025, the company's revenue was RMB 8,174.4 million, a decrease of 20.4% compared to RMB 10,273.3 million in 2024[3]. - Gross profit for the same period was RMB 597.2 million, down 21.9% from RMB 764.4 million in 2024[3]. - The company reported a loss before tax of RMB 328.9 million, which is a 16.0% improvement from a loss of RMB 391.5 million in 2024[3]. - Retail sales totaled RMB 10,341.6 million in 2025, down 18.6% from RMB 12,703.3 million in 2024[6]. - The company reported a net loss of RMB 342.9 million for 2025, an improvement from a net loss of RMB 399.8 million in 2024[99]. - The overall loss before tax for the year was RMB 328,989,000, with a net loss of RMB 342,939,000 after tax expenses of RMB 13,950,000[113]. - The company recorded a net loss of approximately RMB 399.8 million and RMB 342.9 million for the years 2024 and 2025, respectively, with net loss rates of 3.9% and 4.2%[63]. - Adjusted net loss for 2025 was RMB 265.99 million, compared to RMB 327.20 million in 2024, with adjusted net loss rates of 3.25% and 3.18% respectively[67]. Store Operations - The total number of franchise stores managed by the company decreased to 3,639 in 2025 from 4,039 in 2024, while the total number of self-operated stores fell to 8 from 11[5]. - The total number of retail stores increased from 4,386 as of June 30, 2025, to 4,468 as of December 31, 2025, marking a net increase of 82 stores[20]. - The company managed 3,639 franchise stores, accounting for 81.4% of total stores, while self-operated stores remained at 8, representing 0.2%[18]. - The company implemented a strategy to optimize store locations, focusing resources on high-performing stores, which improved operational efficiency[20]. - The company is transitioning to a sustainable store expansion strategy after nearly two years of optimizing its store network[13]. Customer Engagement - The number of members increased to 95,304 in 2025, up from 90,743 in 2024, indicating a growth in customer base[6]. - The total number of WeChat groups reached approximately 32,000, with a total of about 16.9 million fans, and sales through WeChat group purchases exceeded RMB 115.6 million, a year-on-year increase of about 14.0%[26]. - Orders through Douyin group buying channels reached approximately 3.37 million, with retail sales totaling RMB 107 million, representing a year-on-year growth of about 30.9%[26]. - The company’s focus on enhancing customer experience through seasonal product displays and specialized materials has effectively attracted new customers[23]. Financial Position - As of December 31, 2025, the company's net asset value was RMB 2,760.5 million, down from RMB 2,810.3 million in 2024[69]. - Cash and bank deposits increased from RMB 2,340.2 million in 2024 to RMB 2,888.3 million in 2025, including unrestricted cash of RMB 2,037.3 million[70]. - The company’s total assets as of December 31, 2025, were RMB 7,603.7 million, a decrease from RMB 7,819.6 million in 2024[100]. - The total liabilities decreased to RMB 4,843.2 million in 2025 from RMB 5,009.3 million in 2024[101]. - The company’s cash and cash equivalents increased to RMB 1,946.4 million in 2025, up from RMB 1,758.3 million in 2024[100]. Strategic Initiatives - The company is focusing on promoting specialty varieties and applying smart agricultural technologies to enhance supply chain efficiency[11]. - The company plans to expand its retail business significantly in 2026, focusing on personalized services and a refined product offering[39]. - A new "fruit + snack" division is being trialed to optimize store models and enhance supply chain efficiency[40]. - The company plans to develop a comprehensive consumption ecosystem by collaborating with beverage and health companies, as well as government agencies[41]. Market Trends - The overall market for fruit consumption in China grew by approximately 2.0% in 2025, reaching 78.3 million tons, driven by strong demand and diverse consumption trends[10]. - The penetration rate of online channels increased to 26.6% in 2025 from 23.6% in 2024, reflecting a shift in consumer purchasing behavior[11]. - The proportion of gift sales in total retail sales increased from approximately 12.4% in 2024 to about 14.0% in 2025 due to upgraded gift box offerings[28]. Cost Management - Sales cost decreased by approximately 20.3% from RMB 9,508.9 million in 2024 to RMB 7,577.2 million in 2025, consistent with the decline in sales of fruits and other food products[51]. - Employee welfare expenses (excluding provisions and severance compensation) decreased by approximately 20.3% from RMB 662.2 million in 2024 to RMB 527.9 million in 2025 due to digital and intelligent system upgrades[35]. - Research and development expenses decreased from RMB 136.4 million in 2024 to RMB 105.2 million in 2025[44]. Future Outlook - The company aims to achieve high-quality development in 2026, focusing on becoming a leader in high-quality and cost-effective fruit, leveraging over 20 years of industry experience[38]. - The company plans to adopt new accounting standards effective January 1, 2026, which may impact financial reporting and disclosures[107]. - The company continues to seek new business development opportunities, although there are currently no specific plans for significant investments or acquisitions[92].

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，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2411） 建議修訂公司章程 本公告乃深圳百果園實業（集團）股份有限公司（「本公司」）根據香港聯合交易所有 限公司證券上市規則（「上市規則」）第13.51(1)條而作出。 茲提述本公司日期為二零二五年十月九日及二零二五年十月三十一日的公告，本 公司日期為二零二五年十月十五日的通函，以及本公司日期為二零二五年十月九 日、二零二五年十月三十一日及二零二五年十二月十一日的翌日披露報表，內 容有關（其中包括）(i)完成根據一般授權配售新H股，(ii)完成H股全流通，及(iii) 完成根據本公司受限制股份單位計劃（H股）向受託人配發及發行新H股。鑒於上 述，本公司董事會（「董事會」）建議對本公司的公司章程（「章程」）作出如下修訂 （「建議修訂」）： | 序號 | 現行條款 | 修改後條款 | | --- | --- | --- | | 1 | 第三條 公司於 ...

深圳百果園實業（集團）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號 : 2411） 董事會會議日期 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，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Shenzhen Pagoda Industrial (Group) Corporation Limited 承董事會命 深圳百果園實業（集團）股份有限公司 董事長兼執行董事 余惠勇 中華人民共和國，深圳 二零二六年三月十六日 於本公告日期，本公司董事會成員包括執行董事余惠勇先生、徐艷林女士、田錫秋 先生及朱啟東先生；非執行董事焦岳先生；及獨立非執行董事蔣岩波博士、馬瑞光 先生、吳戰篪博士、張以德先生及朱舫女士。 深圳百果園實業（集團）股份有限公司(「本公司」) 之董事會 (「董事會」) 謹此 宣佈，本公司將於二零二六年三月二十六日（星期四）舉行董事會會議，藉以（其 中包括）考慮及批准本公司及其附屬公司截至二零二五年十二月三十一日止年度之 年度業績及其刊發，以及考慮有關派息事宜（如 ...

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，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Shenzhen Pagoda Industrial (Group) Corporation Limited 深 圳 百 果 園 實 業（ 集 團 ）股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2411） 聯席公司秘書辭任 茲提述深圳百果園實業（集團）股份有限公司（「本公司」）日期為二零二二年十二月 二十九日的招股章程，內容有關（其中包括）委任付小艷女士（「付女士」）為本公司 其中一名聯席公司秘書及香港聯合交易所有限公司（「聯交所」）授予本公司嚴格遵 守聯交所證券上市規則（「上市規則」）第3.28及8.17條有關付女士擔任本公司聯席 公司秘書之資格的規定之豁免，期限為自本公司上市日期（即二零二三年一月十 六日）起至二零二六年一月十五日止三年期間，惟譚栢如女士（「譚女士」）（已符合 上市規則第3.28及8.17條的規定）作為本公司聯席公司秘書須協助付女士履行其作 為公司 ...

Core Viewpoint - The incident involving a consumer purchasing an expensive sugarcane has sparked discussions about pricing transparency and consumer expectations in the fruit retail industry [1][23]. Pricing and Consumer Perception - The sugarcane in question was sold for 87 yuan, which the consumer found shocking compared to the typical prices for sugarcane [1][23]. - The store clearly marked the price of different types of sugarcane, with the "golden hand-tear sugarcane" priced at 7.98 yuan per pound, which is significantly higher than the traditional varieties sold by the piece [9][19]. - The pricing strategy of selling the "golden sugarcane" by weight rather than by piece created a disconnect between consumer expectations and actual pricing, leading to feelings of being misled [25][27]. Market Dynamics - The "golden hand-tear sugarcane" has gained popularity due to its unique qualities, such as being easy to eat and having a sweet taste, which justifies its higher price point [19][21]. - The wholesale price of "golden sugarcane" is approximately 1 yuan per pound, which is higher than traditional varieties, indicating a more expensive supply chain due to quality and handling requirements [21][23]. - The cost structure for premium fruits like "golden sugarcane" includes higher transportation and storage costs, contributing to the final retail price being significantly elevated [21][23]. Consumer Feedback and Industry Response - Many consumers have shared similar experiences of being surprised by high prices for sugarcane, indicating a broader issue of consumer awareness regarding premium fruit pricing [13][15]. - Experts suggest that the issue is not solely about price legality but rather about aligning consumer expectations with pricing strategies, highlighting the need for clearer communication from retailers [23][25]. - The incident serves as a reminder for retailers that simply marking prices is not enough; they must ensure that consumers fully understand the pricing to enhance customer service [27].

Core Insights - The fruit retail market is experiencing a surge in health-oriented fruit gift consumption as the Spring Festival approaches, with a notable trend towards younger and healthier choices [1][3] Group 1: Market Trends - The consumption of fruit gifts for the Spring Festival is becoming increasingly youthful and health-conscious, with data indicating a shift in consumer preferences [1] - The collaboration between Baiguoyuan and traditional artisans has led to the popularity of non-material cultural heritage fruit gift boxes, particularly among younger consumers [3] Group 2: Consumer Demographics - Among the consumers of the non-material cultural heritage gift boxes, 21% are under 30 years old, and 63% are under 40 years old, indicating a strong presence of young consumers in this market segment [3] - The top five cities for the sales of these gift boxes are Shenzhen, Zhengzhou, Jinhua, Guangzhou, and Chengdu, highlighting regional preferences [3] Group 3: Popular Products - The highest-selling fruit in the non-material cultural heritage gift boxes is the imported seedless green grape, followed by popular fruits such as honeydew melon, strawberries, and cherries [5] - Strawberries and cherries are consistently among the top-selling fruits in the gift boxes, with sales concentrated in cities like Shenzhen, Zhengzhou, Guangzhou, Jinhua, and Taiyuan [5] Group 4: Health Trends - The term "low GI" has gained traction in the fruit consumption market, reflecting a growing health consciousness among consumers [6] - Low GI fruits such as blueberries and strawberries have captured a significant market share, with cities like Shantou, Jiangmen, and Zhongshan leading in strawberry sales [6] Group 5: Regional Highlights - Nanjing's Lishui district has seen impressive sales of its signature strawberries, with nearly 2,300 tons sold and revenue reaching 75 million yuan during the recent sales period [8] - The strawberries from Nanjing Lishui have been distributed widely, reaching consumers in distant cities such as Leshan, Kunming, and Sanya [8]