证券日报网讯12月23日，厦门象屿（600057）在互动平台回答投资者提问时表示，根据公司披露的 《2025年第三季度报告》，截至2025年9月30日，公司普通股股东总数为34803户。根据信息披露公平原 则，公司将在后续定期报告中更新股东人数，敬请留意相关公告。 ...

Core Viewpoint - Xiamen Xiangyu (600057.SH) focuses on bulk commodity trading and comprehensive logistics services, aiming to create a value chain through supply chain positioning and asset management thinking [1] Group 1: Business Model and Strategy - The company adheres to a mission of "rooted in the supply chain, serving the industry chain, and creating a value chain" [1] - It is developing a diversified industrial chain operation model that includes resources, trade, logistics, services, processing, and investment [1] - The company is cultivating core assets at different stages of the industry chain to enhance its operational capabilities [1] Group 2: Supply Chain and Ecosystem - Xiamen Xiangyu is focused on building a safe, stable, and efficient supply chain system [1] - The company aims to create a mutually beneficial value ecosystem [1] Group 3: Current Involvement - Currently, the company has not participated in commercial aerospace projects [1]

Group 1: Allocation Demand in Low-Interest Rate Environment - The demand for dividend-related assets is expected to continue increasing, driven by the need for stable cash returns in a low-interest rate and asset scarcity environment [4][9]. - As of December 17, 2025, the tracking scale of dividend index ETFs approached 200 billion, while cash flow-related products reached 24.8 billion since their issuance in February of the same year [9]. Group 2: Comparison of Dividend and Free Cash Flow Indices - The report outlines the selection rules for the CSI Dividend Index and the National Index Free Cash Flow, emphasizing liquidity and consistent dividend payments over the past three years [12]. - The performance comparison shows that both dividend and cash flow indices outperformed the overall market during periods of market downturns, indicating their defensive characteristics [15]. Group 3: Relationship Between Dividend Capability and Willingness - There is a significant positive correlation between dividend yield and free cash flow, indicating that companies with high cash flow are more willing to distribute dividends [51]. - The analysis shows that companies with a history of consistent dividends and strong cash flow tend to have more stable and superior long-term stock price performance [59]. Group 4: "High-Yield Cash Cow" Strategy Construction - The "High-Yield Cash Cow" strategy involves selecting stocks based on high free cash flow rates and consistent dividend payments, excluding financial and real estate sectors [59]. - The strategy has shown strong performance, with the "Cash Cow 50 High Yield 30" combination achieving an annualized return of 25.9% since 2014, outperforming the CSI Dividend Index by 13.5% [62].

Core Viewpoint - The company actively participates in the 2025 Southeast Modern Agricultural Expo, showcasing its innovative practices and achievements in the agricultural supply chain [1][5]. Group 1: Exhibition and Presentation - The expo focuses on four core themes: brand leadership, technological support, fund empowerment, and industry implementation, attracting diverse stakeholders to display cutting-edge technologies and results [1][5]. - The company's exhibition area features prominent branding elements and products, including the "Xiangdao" rice, which draws significant attention from visitors [1][5]. Group 2: Supply Chain and Food Security - The company is committed to supporting national food security strategies and integrates its supply chain services into the domestic and international dual circulation development pattern [2][6]. - It has established modern storage and logistics centers in major grain-producing areas, employing smart monitoring and standardized management to ensure grain quality and safety [2][6]. - The company has developed a multi-modal transport network to facilitate efficient grain flow across regions, enhancing the effectiveness of food distribution channels [2][6]. Group 3: Industry Expansion and Economic Impact - The company is expanding its service offerings to include processing, with the Xiamen Xiangyu Taiping Bay plant protein processing project capable of processing 1.8 million tons of oilseeds annually [2][6]. - Collaborating with over 30 enterprises, the company has created a three-tiered industrial structure that generates a total tax revenue of 6 billion yuan and creates nearly 10,000 jobs [2][6]. Group 4: Digital Transformation and Future Outlook - The company is exploring new digital models in agriculture, aiming to create an internet platform that connects various stakeholders across the agricultural supply chain [4][9]. - Future strategies include a focus on supply chain integrity, industry service, and value creation, with a commitment to safeguarding national food security and driving industry innovation through digital empowerment [4][10].

Core Viewpoint - Xiamen Xiangyu Co., Ltd. held its first meeting of the 10th Board of Directors on December 16, 2025, where Wu Jie was elected as Chairman and Qi Weidong as Vice Chairman and General Manager [1][10]. Group 1: Board Appointments - Wu Jie was elected as Chairman of the Board [1][10]. - Qi Weidong was elected as Vice Chairman and appointed as General Manager [1][10]. - Liao Jie was appointed as the Secretary of the Board, with a term lasting until the end of the 10th Board of Directors [3][12]. Group 2: Executive Team - Qi Weidong's background includes roles as Executive Vice President of the Trade Center and Chairman of Xiangyu Logistics Group [7][14]. - Other appointments include Su Zhuquan, Fan Chengyang, Chen Daizhen, Zheng Luyu, and Zhuo Wei as Vice General Managers, and Lin Jing as the Financial Officer [3][12]. - Wu Yinping was appointed as the Securities Affairs Representative [3][12]. Group 3: Background of Key Personnel - Wu Jie, born in 1981, holds a master's degree and is currently the Party Secretary and Chairman of the company [5][15]. - Qi Weidong, born in 1966, has a bachelor's degree and serves as the Party Deputy Secretary, Vice Chairman, and General Manager [7][14].

Group 1 - 16 stocks received buy ratings from institutions today, with 11 stocks being newly covered by institutions [1][2] - Among the stocks rated, 5 provided future target prices, with 5 stocks showing an upside potential of over 20%, led by Jiuzhou Pharmaceutical with a potential increase of 48.99% [1][2] - The average increase for stocks with buy ratings today was 1.99%, outperforming the Shanghai Composite Index, with notable gainers including Sanxia Tourism and Anfu Technology [1][2] Group 2 - The electronics industry was the most favored, with stocks like Tiancheng Technology and Woge Optoelectronics receiving buy ratings [2] - The transportation and power equipment sectors also attracted institutional attention, with 3 and 2 stocks respectively making the buy rating list [2] - Specific stocks such as Tiancheng Technology and Anfu Technology were highlighted for their strong buy ratings, with target prices set significantly above their latest closing prices [2]

Core Viewpoint - The establishment of the Dalian Taiping Bay Equity Investment Partnership marks the largest government investment fund in Dalian, with a total scale of 1 billion yuan, aimed at promoting investment in the new energy sector [2] Group 1: Fund Details - The fund is jointly funded by the Liaoning provincial fund, Dalian municipal guiding fund, Taiping Bay Management Committee, and other entities, focusing on investments in lithium batteries, photovoltaics, wind energy, energy storage, hydrogen energy, and new energy smart vehicles [2] - The fund will utilize a "equity investment + industry cultivation" approach to leverage government investment for industry guidance, technological innovation, and attracting social capital [2] Group 2: Future Plans - The Taiping Bay Cooperation Innovation Zone plans to leverage capital attraction to build a comprehensive new energy industry ecosystem, supporting high-quality development in the region [3]

（编辑 楚丽君） 证券日报网讯 12月16日晚间，厦门象屿发布公告称，公司第十届董事会第一次会议审议通过《关于选 举第十届董事会董事长、副董事长的议案》《关于选举第十届董事会各专门委员会成员的议案》《关于 聘任公司总经理和董事会秘书的议案》等多项议案。 ...

增加 2025 年度日常关联交易额度的核查意见 关于厦门象屿股份有限公司 中国国际金融股份有限公司 2025 年度日常关联交易额度的预计和执行情况（未经审计）如下： 中国国际金融股份有限公司（以下简称"保荐机构"）作为厦门象屿股份有 限公司（以下简称"公司"或"厦门象屿"）2022 年度向特定对象发行 A 股股 票的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票 上市规则》和《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关规定， 对厦门象屿增加 2025 年度日常关联交易额度事项进行了审慎核查，具体情况如 下： 一、2025 年度日常关联交易预计额度增加基本情况 （一）本次新增日常关联交易履行的审议程序 公司第九届董事会第二十九次会议及 2025 年第一次临时股东会审议通过 《关于 2025 年度日常关联交易额度的议案》，对公司 2025 年度与关联方日常关 联交易进行了预计（详见公司 2025-014 号公告）。第九届董事会第三十五次会 议审议通过了《关于增加 2025 年度日常关联交易额度的议案》，同意增 ...

| 股票代码：600057 | 股票简称：厦门象屿 | | | 公告编号：2025-102 | | --- | --- | --- | --- | --- | | 债券代码：240429 | 债券简称：23 | 象屿 | Y2 | | | 债券代码：240722 | 债券简称：24 | 象屿 | Y1 | | | 债券代码：242565 | 债券简称：25 | 象屿 | Y1 | | | 债券代码：242747 | 债券简称：25 | 象屿 | Y2 | | | 债券代码：242748 | 债券简称：25 | 象屿 | Y3 | | | 债券代码：244130 | 债券简称：25 | 象屿 | Y4 | | | 债券代码：244131 | 债券简称：25 | 象屿 | Y5 | | 厦门象屿股份有限公司 关于增加 2025 年度日常关联交易额度的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 本次拟增加2025年度日常关联交易额度0.50亿元。 2025 年度日常关联交易额度的预计和执行情况（未经审计）如 ...