二、算力服务器租赁业务开展情况 | 序 | 合同签订 | 客户 | 合同内容 | 合同期限 | 合同金额 | 交付情 | 累计回 款情况 | 变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 时间 | | | | （万元） | 况 | （万元） | 情况 | | 1 | 2025.5.20 | DⅤ公司 | 台 10 Deep | 2025.5.22-2 | 2,236.20 | 已交付 | 2236.20 | 本月 | | | | | 一体机 Seek | 026.11.21 | | | | 新增 | | | | | 台 算力 1 GPU | 2025.5.20-2 | | | | 本月 | | 2 | 2025.5.15 | DⅥ公司 | 服务器租赁服 | 025.7.19 | 1.52 | 已交付 | 0 | 新增 | | | | | 务 | | | | | | | | | | 台 算力 1 GPU | 2025.5.1-20 | | | | 本月 | | 3 | 2025.4.30 | DⅦ公司 | 服务器租赁服 务 ...

Core Insights - The condiment industry is experiencing significant challenges, with 40% of listed companies reporting revenue declines in their 2024 annual reports, and some leading firms like Xue Tian Salt Industry and Zhong Ju High-tech seeing net profits nearly halved [2][4][5] Group 1: Company Performance - Hai Tian Wei Ye reported a revenue of 26.9 billion yuan, a year-on-year increase of 9.53%, with a net profit of 6.34 billion yuan, up 12.75% [2] - Xue Tian Salt Industry's net profit plummeted over 57% to 893 million yuan, with revenue down more than 13% [4] - Zhong Ju High-tech's net profit fell by 47.37% to 893 million yuan, with both revenue and net profit declining in the first quarter of 2025 [4] Group 2: Market Dynamics - The industry is undergoing severe channel disruptions, with Fuling Zha Cai cutting 607 distributors in a year, while Jia Long Co. saw its distributor count surge from 156 to 535 [2][6] - The overall trend shows that over half of the companies are experiencing continued revenue shrinkage into the first quarter of 2025 [2][5] Group 3: Sales and Marketing Trends - A common issue in the industry is the focus on marketing over research and development, with many companies having R&D expenses below 5% of their total expenditures [9] - Sales expenses are rising significantly, with 11 out of 18 companies reporting increased sales costs, including Lianhua Holdings, which saw a 79.60% increase in sales expenses [8][9]

Meeting Overview - The shareholders' meeting of Lianhua Holdings was held on May 22, 2025, at the company's conference room in Xiangcheng, Henan Province [1] - A total of 9.5927% of the shares were represented at the meeting [1] Voting Results - All proposed resolutions were passed with significant support from shareholders, with the following voting results: - First resolution: 95.0865% in favor, 4.5671% against, and 0.3464% abstained [1] - Second resolution: 95.0342% in favor, 4.6294% against, and 0.3364% abstained [1] - Third resolution: 95.0264% in favor, 4.6373% against, and 0.3363% abstained [1] - Fourth resolution: 94.5692% in favor, 5.1252% against, and 0.3056% abstained [1] - Fifth resolution: 95.0524% in favor, 4.5506% against, and 0.3970% abstained [2] - Sixth resolution: 94.8344% in favor, 4.7487% against, and 0.4169% abstained [2] Legal Compliance - The meeting was witnessed by lawyers from King & Wood Mallesons, confirming that the procedures for convening and conducting the meeting complied with relevant laws and regulations [3] - The legal opinions provided by the lawyers affirmed the legitimacy of the attendees and the validity of the voting process [3]

Group 1 - The company will hold a performance briefing for the fiscal year 2024 and the first quarter of 2025 on June 6, 2025, from 15:00 to 16:00 [1][2] - The briefing will take place online at the "Value Online" platform [1][2] - Investors can submit questions before the meeting through a designated website or by scanning a QR code [1][2] Group 2 - Key participants in the meeting will include the CEO, independent directors, and the CFO [2] - Investors can join the interactive session via a specific link or QR code on the day of the event [2] - After the meeting, the main content and outcomes will be available for review on the "Value Online" platform or the Yi Dong app [2]

证券代码：600186 证券简称：莲花控股 公告编号：2025-040 莲花控股股份有限公司 关于召开 2024 年度暨 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法律责任。 重要内容提示： 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 6 月 6 日 前 访 问 网 址 https://eseb.cn/1oiAYwX0gkU 或使用微信扫描下方小程序码进行会前提问，莲花 控股股份有限公司（以下简称"公司"）将通过本次业绩说明会，在信息披露允 许范围内就投资者普遍关注的问题进行回答。 一、说明会类型 公司已于 2025 年 4 月 30 日在上海证券交易所网站（www.sse.com.cn）披露 了《2024 年年度报告》及《2025 年第一季度报告》。为便于广大投资者更加全 面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 6 月 6 日（星 1 会议召开时间：2025 年 6 月 6 日（星期五）15:00-16:00 会议召开地点：价值在线（www.ir- ...

北京市金杜律师事务所（以下简称本所）接受莲花控股股份有限公司（以下简 称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、《中华 人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上市公 司股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以下简称中 国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别行政 区和中国台湾地区）现行有效的法律、行政法规、规章及规范性文件和现行有效的 《莲花控股股份有限公司章程》（以下简称《公司章程》），指派律师出席了公司 于 2025 年 5 月 22 日召开的 2024 年年度股东大会（以下简称本次股东大会），并 就本次股东大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2024 年第三次临时股东大会审议通过的《公司章程》； 2. 公司于 2025 年 4 月 30 日在《中国证券报》《上海证券报》《证券日报》 与上海证券交易所网站（http://www.sse.com.cn）公告的《莲花控股股份有限公司第 九届董事会第三十一次会议决议公告》《莲花控股股 ...

证券代码：600186 证券简称：莲花控股 公告编号：2025-039 莲花控股股份有限公司 2024年年度股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 2,105 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 169,350,416 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 9.5927 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 大会表决方式符合《公司法》和《公司章程》的规定，会议由公司董事会召 集，董事长李厚文先生主持本次股东大会。 (五) 公司董事、监事和董事会秘书的出席情况 (一) 股东大会召开的时间：2025 年 5 月 22 日 (二) 股东大会召开的地点：河南省项城市颍河路 18 号公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有 ...

Core Viewpoint - The condiment industry is experiencing significant challenges, with many companies reporting declining revenues and profits, indicating a survival battle driven by cost and innovation rather than marketing alone [1][3][11]. Revenue and Profit Trends - Among 18 listed condiment companies, 40% reported revenue declines in their 2024 reports, with leading firms like Xue Tian Salt Industry and Zhong Ju Gao Xin seeing net profits nearly halved [1][3]. - In Q1 2025, over half of the companies continued to experience revenue shrinkage, with Tian Wei Food's net profit plummeting over 57% [1][3][11]. - Xue Tian Salt Industry's 2024 net profit was 8.93 billion yuan, down over 57% year-on-year, with Q1 2025 showing a further decline in revenue by 27.24% [4][9]. Company-Specific Performance - Hai Tian Wei Ye reported a 9.53% increase in 2024 revenue to 26.901 billion yuan, while Zhong Ju Gao Xin's net profit fell by 47.37% to 8.93 billion yuan [2][9]. - Tian Wei Food's Q1 revenue dropped by 24.80%, with net profit down over 57% [5][11]. - Jia Jia Food faced a loss exceeding 200 million yuan in 2024, attributed to declining sales and increased market expenses [9]. Distribution Channel Dynamics - The industry is undergoing severe channel disruptions, with companies like Fuling Zha Cai cutting over 607 distributors, while Xue Tian Salt Industry reduced its out-of-province outlets by over 3,000 [1][12][17]. - In contrast, Jia Long Food saw a significant increase in its distributor count, growing by 242.95% [12][13]. Sales and Marketing Expenses - Sales expenses are rising across the industry, with Lian Hua Holdings' sales expenses surging by 80% despite a revenue increase of 25.98% [18][20]. - Hai Tian Wei Ye's sales expenses reached 1.628 billion yuan, up 24.73%, while its R&D expenses grew by only 17.35% [20].

Core Viewpoint - The condiment industry is experiencing significant challenges, with many companies reporting declining revenues and profits, indicating a shift towards a survival battle focused on cost and innovation [1][2][6]. Revenue and Profit Trends - Among 18 listed condiment companies, 40% reported revenue declines in their 2024 annual reports, with notable companies like Xue Tian Salt Industry and Zhong Ju Gao Xin seeing net profits nearly halved [2][4]. - In Q1 2025, over half of the companies continued to experience revenue shrinkage, with Tian Wei Food's net profit plummeting over 57% [1][4][11]. Company-Specific Performance - Xue Tian Salt Industry's 2024 net profit was 8.93 billion yuan, down over 57%, with Q1 2025 showing a further decline in revenue by 27.24% [4][5]. - Zhong Ju Gao Xin reported a 47.37% drop in net profit for 2024, attributed to legal settlements affecting financials [9]. - Jia Jia Food faced a loss exceeding 200 million yuan in 2024, citing declining sales and increased market expenses [9]. Distribution Channel Dynamics - The industry is undergoing severe channel disruptions, with companies like Fuling Zha Cai cutting over 600 distributors, while others like Jia Long Holdings saw a 242.95% increase in distributor numbers [12][16]. - Xue Tian Salt Industry reduced its distributor count by over 3,000, primarily in provincial markets, as part of a strategy to optimize customer relationships [17]. Sales and Marketing Expenses - 11 out of 18 companies reported increased sales expenses, with Lianhua Holdings' sales expenses surging by 79.60% [18][20]. - The trend of "heavy marketing and light R&D" is prevalent, with R&D expenses generally below 5% of total expenses for most companies, while sales expenses often exceed 10% [22]. Overall Industry Outlook - The condiment industry is facing a survival battle characterized by cost management and innovation, as many companies struggle with declining revenues and profits amid a challenging economic environment [1][6].

证券代码：600186 证券简称：莲花控股 公告编号：2025—038 莲花控股股份有限公司 关于股东回馈活动的自愿性信息披露公告 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。 为建立长效、多样的股东回报机制，感谢广大股东长期以来对莲花控股股份 有限公司（以下简称"公司"）的关心和支持，同时让股东更好地了解公司和体 验公司产品，提高投资者对公司内在价值的理解与认识，公司将开展"莲花控股 2025 年股东回馈"活动，现将活动内容公告如下： 1.截至 2025 年 5 月 16 日 15:00 持股 500 股（含）以上的股东，上传股东证 明资料（详见本公告"四、活动申领登记方式"），免费领取产品礼盒一份。本 次回馈活动礼盒限量提供，按申领顺序发放。 2.截至 2025 年 5 月 16 日 15:00 登记在册的股东可以申请领取公司股东专属 优惠券，该优惠券可用于抵扣指定商品组合的消费。 三、活动申领时间 本次活动申领时间：2025 年 5 月 17 日 9:00 至 2025 年 5 月 31 日 24:00。 未在该时段进 ...