证券代码：600073 证券简称：光明肉业 编号：2025-019 上海光明肉业集团股份有限公司 第九届董事会第三十三次会议决议公告 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个别及连带责任。 上海光明肉业集团股份有限公司（以下简称"光明肉业"或"公司"）第九 届董事会第三十三次会议于2025年5月16日以电子邮件形式通知全体董事，并于 2025年5月21日以通讯表决方式召开。会议应到董事7名，实到董事7名。本次会 议的召集、召开和表决程序符合《公司法》和公司《章程》等有关规定。与会董 事经过充分讨论，审议通过了如下决议： 一、审议通过了关于提名第九届董事会独立董事候选人的议案，本议案需提 交股东大会审议 同意提名于冷先生和王捷先生为公司第九届董事会独立董事候选人，任期至 第九届董事会届满之日止。（详见2025年5月22日在上海证券交易所网站 www.sse.com.cn披露的《光明肉业关于独立董事辞职暨选举独立董事的公告》， 编号：2025-020） 表决结果：赞成7票，反对0票，弃权0票。 本议案已经公司第九届董事会提名委员会2 ...

证券代码：600073 证券简称：光明肉业 公告编号：2025-018 上海光明肉业集团股份有限公司 关于召开 2025 年第一季度业绩说明会的公告 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个别及连带责任。 上海光明肉业集团股份有限公司（以下简称"公司"）已于 2025 年 4 月 29 日发布公司 2025 年第一季度报告。为便于广大投资者更全 面深入地了解公司 2025 年一季度经营状况，公司计划于 2025 年 5 月 19 日（周一）下午 15:00-16:30 举行 2025 年第一季度业绩说明会， 就投资者关心的问题进行交流，欢迎广大投资者参与。现将相关事项 公告如下： 一、 说明会类型 本次投资者说明会采用网络远程的方式举行，公司将就 2025 年 一季度经营情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、 参加人员 公司董事长：李俊龙先生；独立董事：田仁灿先生；副总裁、董 事会秘书：何茹女士；财务总监：郑炜峰先生。 重要内容提示： 会议召开时间：2025 年 5 月 1 ...

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 - The company's operating revenue for Q1 2025 was ¥6,154,272,980.02, representing an increase of 8.46% compared to ¥5,674,289,456.59 in the same period last year[4] - Net profit attributable to shareholders was ¥165,685,581.14, a significant increase of 66.82% from ¥99,320,346.69 year-on-year[4] - Basic earnings per share rose to ¥0.18, reflecting a growth of 63.64% compared to ¥0.11 in the previous year[4] - Net profit for Q1 2025 was ¥228,457,260.49, significantly higher than ¥33,038,293.29 in Q1 2024, marking a growth of 591.5%[21] - The total comprehensive income for Q1 2025 was approximately ¥233.14 million, compared to a loss of ¥172.40 million in Q1 2024, indicating a significant turnaround[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,138,521,338.79, a 1.70% increase from ¥14,885,174,768.82 at the end of the previous year[6] - The company's total assets as of March 31, 2025, amounted to ¥15,138,521,338.79, compared to ¥14,885,174,768.82 at the end of 2024, indicating a growth of 1.7%[16] - Current assets totaled ¥8,818,391,402.11 as of March 31, 2025, slightly up from ¥8,768,684,733.89 at the end of 2024, reflecting a growth of 0.6%[16] - The company's total liabilities were ¥8,191,392,121.58 as of March 31, 2025, compared to ¥8,171,185,475.02 at the end of 2024, showing a marginal increase of 0.2%[16] Cash Flow - The net cash flow from operating activities was negative at -¥429,535,008.83, compared to -¥325,708,607.68 in the same period last year[4] - Cash inflows from operating activities for Q1 2025 totaled approximately ¥5.44 billion, slightly up from ¥5.34 billion in Q1 2024, showing a growth of 2%[25] - The net cash flow from operating activities for Q1 2025 was a negative ¥429.54 million, worsening from a negative ¥325.71 million in Q1 2024[25] - Cash outflows from investing activities for Q1 2025 amounted to approximately ¥425.86 million, compared to ¥114.83 million in Q1 2024, indicating a significant increase in investment spending[26] - The net cash flow from financing activities for Q1 2025 was approximately ¥137.88 million, down from ¥212.88 million in Q1 2024, reflecting a decrease of 35%[26] - The ending cash and cash equivalents balance for Q1 2025 was approximately ¥2.80 billion, down from ¥3.34 billion in Q1 2024, indicating a decline of 16.2%[26] Shareholder Information - The company reported a total of 47,673 common shareholders at the end of the reporting period[10] - The largest shareholder, Shanghai Yimin Food Factory (Group) Co., Ltd., holds 298,386,000 shares, accounting for 31.82% of total shares[10] Investment and Income - The company attributed the increase in net profit to the performance growth of overseas subsidiaries[8] - Non-operating income for the period amounted to ¥2,147,772.03 after accounting for taxes and minority interests[7] - The company reported a significant increase in investment income to ¥20,600,751.49 in Q1 2025, compared to ¥12,183,262.10 in Q1 2024, reflecting an increase of 69.8%[21] - The company received cash from investment activities totaling approximately ¥72.48 million in Q1 2025, a significant increase from ¥4.88 million in Q1 2024[26] - The company reported a tax refund of approximately ¥10.51 million in Q1 2025, compared to ¥8.35 million in Q1 2024, showing an increase of 25.8%[25] Cost Analysis - Total operating costs for Q1 2025 were ¥5,877,291,333.75, up from ¥5,528,156,254.79 in Q1 2024, reflecting a growth of 6.3%[21] - The cash and cash equivalents decreased to ¥2,801,180,070.58 from ¥3,456,429,780.44, a decline of 19.0%[14] - The company's inventory increased to ¥2,794,932,787.42 as of March 31, 2025, up from ¥2,584,511,761.77, representing an increase of 8.1%[14] - Long-term equity investments rose to ¥433,926,660.71 from ¥423,606,790.24, a growth of 2.8%[15]

Group 1 - Food stocks experienced significant upward movement, with Hai Xin Food (002702) reaching the daily limit increase, while Xi Wang Food (000639) rose over 8% [1] - Other companies in the sector, including Guangming Meat Industry (600073), Liangpinpuzi (603719), and Sanquan Food (002216), also saw gains [1]

Industry Overview - Low-temperature luncheon meat is made from fresh or frozen meat, processed through various methods, and stored at temperatures between 0℃ and 4℃, which helps retain more nutrients and provides a better texture compared to room-temperature luncheon meat [1][4][9] - The market for low-temperature luncheon meat in China has grown significantly, from 878 million yuan in 2015 to 16.273 billion yuan in 2024, indicating a strong demand for healthier and more nutritious food options [1][9] Consumer Preferences - A survey indicates that 66.1% of consumers prefer low-temperature luncheon meat due to fewer additives, while 60.7% value its safety and health benefits, and 57.0% appreciate its tender texture [3][9] - The frequency of purchasing low-temperature luncheon meat has increased, with 43.6% of surveyed consumers buying it more often than the previous year, particularly among those aged 18-59 [7][9] Market Trends - The market for low-temperature luncheon meat is expected to reach over 21 billion yuan by 2026, driven by consumer preferences for convenience, health, and nutrition [9][17] - The industry is moving towards more standardized practices, with companies focusing on reducing additives and improving product quality to meet consumer demands for healthier options [18][19] Competitive Landscape - The low-temperature luncheon meat market is competitive, with major players like Shuanghui, Wangjiadu, and others increasing their market presence [11][20] - The market concentration is expected to rise, as companies innovate and expand their product offerings to cater to diverse consumer needs, including low-fat and high-protein options [20]

同意海外子公司银蕨农场有限公司根据经营需要，在现有授信基础上，分别 与澳新银行、新西兰银行、荷兰合作银行、ASB银行签订四笔独立的短期银行流 动资金授信，四笔授信额度合计3,000万新元，期限自协议签订之日起至2025年 5月31日到期。 表决结果：赞成7票，反对0票，弃权0票 上海光明肉业集团股份有限公司 第九届董事会第三十一次会议决议公告 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个别及连带责任。 上海光明肉业集团股份有限公司（以下简称"光明肉业"或"公司"）第九 届董事会第三十一次会议于2025年4月3日以电子邮件形式通知全体董事，并于 2025年4月9日以通讯表决方式召开。会议应到董事7名，实到董事7名。本次会议 的召集、召开和表决程序符合《公司法》和公司《章程》等有关规定。与会董事 经过充分讨论，审议通过了如下决议： 审议通过了关于银蕨农场有限公司申请短期流动资金银行授信额度的议案 证券代码：600073 证券简称：光明肉业 编号：2025-015 特此公告。 上海光明肉业集团股份有限公司董事会 2025 年 4 月 10 ...

Market Overview - After the Spring Festival and during the Two Sessions, the TMT sector led by Deepseek has initiated a "revaluation of Chinese assets" trend, supported by a relatively stable RMB exchange rate and positive policy expectations[1] - The A-share and Hong Kong technology sectors currently exhibit a high risk appetite, although adjustments have been observed since mid-March due to uncertainties surrounding the new round of "reciprocal tariffs" from the US and concerns over AI "computing power bubbles"[1] - In March, the Shanghai Composite Index, CSI 300 Index, and ChiNext Index recorded gains of +0.45%, -0.07%, and -3.07%, respectively[1] Policy and Economic Outlook - The 2025 Two Sessions emphasized expanding domestic demand and promoting consumption as primary objectives, with a focus on addressing low domestic inflation and external uncertainties[2] - The "Consumption Promotion Action Plan" issued on March 16 aims to enhance consumer capacity and stabilize the stock market, with expectations for new capital market policies to accelerate implementation[2] - The central bank reiterated the need for a moderately loose monetary policy, with potential for reserve requirement ratio (RRR) and interest rate cuts based on economic conditions[2] Investment Recommendations - Focus on large consumption and cyclical industries in Q2, particularly those showing signs of recovery or strong performance[3] - Continue to monitor defensive sectors such as banking and dividend stocks due to external uncertainties[4] - The long-term trend for AI remains positive, with significant investment from major domestic companies, presenting potential short-term investment opportunities during market corrections[5] Selected Stock Portfolio - The recommended portfolio includes stocks from various sectors: China Mobile, Hongri Da, Lu Wei Optoelectronics, Sinovac Biotech, and others, covering telecommunications, pharmaceuticals, machinery, and non-bank financials[5]

上海光明肉业集团股份有限公司 关于召开 2024 年度业绩说明会的公告 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个别及连带责任。 重要内容提示： 会议召开时间：2025 年 4 月 11 日(星期五)下午 15:00-16:30 会议召开地点：上海证券交易所上证路演中心（网址：https:/ /roadshow.sseinfo.com/） 证券代码：600073 证券简称：光明肉业 公告编号：2025-014 三、 参加人员 会议召开方式：上证路演中心视频录播和网络互动 投资者可于 2025 年 04 月 04 日 （星期五） 至 04 月 10 日 （星 期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 ir@brightmeat.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 上海光明肉业集团股份有限公司（以下简称"公司"）已于 2025 年 3 月 29 日发布公司 2024 年年度报告。为便于广大投资者更全面深 入地了解公司 2024 年度经营成果，公司计划于 202 ...

3月28日晚，光明肉业（600073）发布2024年年报。报告显示，2024年公司实现营业收入219.87亿元， 同比下降1.7%；实现归属于上市公司股东的净利润为2.16亿元，同比下降4.22%。 2024年，面对国内猪肉市场价格的显著波动，光明肉业始终坚持聚焦主责主业，持续夯实产业链各环节 基础，全面推动业务提质增效。在猪肉产业链上游，公司优化饲料业务整合，提升管理效率；养殖端通 过标准化模式化管理，打造特色猪种；中游屠宰端加大白条肉业务、分割品和猪副制品业务发展；下游 供应端则以新品研发为抓手，重塑品牌关注度，推动C端转型。此外，公司还加强线上渠道拓展，设立 团购部，整合品牌资源，扩大团购业务。 在产品研发方面，公司贴近年轻人喜好和消费方式，推出包装轻量化、口味年轻化的新产品。技术领域 方面，下属企业加大研发投入，申请专利19项，涉及食品加工工艺、包装工艺等多个方面。 2024年，生猪价格呈现先涨后降的趋势。光明肉业生猪养殖业务持续推进降本增效工作，优化饲料配 方，降低饲料成本，推行精益养殖，有效降低养殖成本。公司通过统筹牧场资源、优化疫病防治体系等 举措，提升生产端效率和安全性。销售端积极扩大销售渠道 ...