证券代码：600186 证券简称：莲花控股 公告编号：2025—025 莲花控股股份有限公司 第九届董事会第三十次会议决议公告 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法律责任。 莲花控股股份有限公司（以下简称"公司"）第九届董事会第三十次会议通 知于 2025 年 4 月 12 日发出，于 2025 年 4 月 14 日以现场和通讯相结合的方式召 开。本次会议应出席董事 11 人，实际出席董事 11 人。会议由董事长李厚文先生 主持，现场会议在公司会议室召开，会议的召开符合《公司法》及《公司章程》 的有关规定。会议审议并表决通过了以下议案： 一、审议通过《关于聘任高级管理人员的议案》 根据《公司法》等法律法规和《公司章程》的有关规定，经首席执行官提名， 拟聘任汤新宇先生为公司首席数字营销官（简历详见附件）。任期自本次董事会 通过之日起至第九届董事会届满为止。 本议案已经董事会提名委员会审议通过，同意提交董事会审议。 表决结果：同意 11 票，反对 0 票，弃权 0 票。 二、审议通过《关于修订<高级管理人员薪酬管理办法>的议案》 ...

Core Viewpoint - Lianhua Holdings has shown a remarkable turnaround in its financial performance, achieving significant revenue and profit growth after overcoming a period of crisis and negative public perception regarding its flagship product, Lianhua MSG [1][4]. Financial Performance - In the fiscal year 2024, Lianhua Holdings reported a revenue of 2.659 billion yuan, a year-on-year increase of 26.55%, and a total profit of 285 million yuan, up 66.79% from the previous year [2]. - The net profit attributable to shareholders reached 207 million yuan, reflecting a growth of 59.12% year-on-year [2]. - For the first quarter of 2025, the company anticipates a net profit of 100 to 120 million yuan, indicating a year-on-year growth of 103.16% to 143.79% [1]. Brand Revival Strategy - Lianhua Holdings attributes its success to a "brand revival strategy," which includes optimizing marketing networks and enhancing brand promotion efforts [1]. - The company has successfully restored its market presence and brand recognition, particularly in the domestic seasoning market, where it has seen substantial sales growth [1][5]. Historical Context - Lianhua MSG was once a dominant player in the Chinese seasoning market, holding a 43% market share at its peak [3]. - The brand faced severe challenges in the early 2000s due to negative rumors about MSG, leading to significant financial losses and operational difficulties [4]. - After a prolonged period of decline and near bankruptcy, the company underwent a debt restructuring in 2019, which marked the beginning of its recovery [5]. Market Position and Competition - By 2024, Lianhua MSG regained its position as the leading brand in the seasoning market, with a notable increase in market share compared to competitors [6]. - Despite the recovery, the overall market for MSG remains small, accounting for only 1.7% of the total seasoning market, which poses challenges for future growth [8]. Diversification Efforts - In addition to its core MSG business, Lianhua has begun diversifying into other sectors, including bottled water and prepared dishes, as well as entering the smart computing industry [9][10]. - The company aims to establish a second growth curve through these new ventures, although it faces scrutiny regarding its compliance and transparency in these areas [11][17]. Financial Challenges - Lianhua Holdings has incurred significant debt to finance its diversification efforts, with total liabilities reaching 1.757 billion yuan, a 46.59% increase year-on-year [19]. - The company's asset-liability ratio has risen to 53.85%, indicating potential financial strain as it navigates its transformation [19].

老牌国货"莲花味精"所属公司莲花控股2024年实现逆袭增长。净利润同比增长59.12%，达2.07亿元，营 业收入突破26.59亿元。2025年第一季度预计净利润继续高增长，增幅超100%。 前不久，莲花控股曾被质疑"穷得只剩一栋大楼了"，随后莲花控股迅速辟谣。然而，莲花控股此前的确 曾因经营不善、健康谣言等因素经历破产危机。 在2019年破产重整后，莲花控股不断迎来新发展，随着"国潮热"重回大众视野，业绩攀升。不仅如此， 2023年更是入局算力领域欲发展第二曲线，不过业内人士认为，莲花控股算力业务面临订单波动、回款 放缓等问题，能否凭借双主业实现持续增长仍有待观察。 净利润增长近六成 报告期内，公司经营业绩增长的原因主要系公司坚持"品牌复兴战略"，持续优化营销网络布局，推进产 品渠道升级，巩固并扩大调味品主营业务竞争优势。2024年，公司国内市场调味品销量和销售收入实现 较大幅度增长，新零售业务与国际贸易业务增幅更为显著。莲花作为味精行业家庭消费第一品牌，市场 占有率和品牌认知度同比明显提升。 公司持续推进体制机制改革，通过实施《2023年股票期权与限制性股票激励计划》与《2024年股票期权 与限制性股票激 ...

重要内容提示: ●莲花控股股份有限公司（以下简称"公司"）控股股东芜湖市莲泰投资管 理中心（有限合伙）（以下简称"莲泰投资"）持有公司股份数量为 180,509,529 股，占公司总股本比例为 10.06%；本次解除质押 143,510,000 股后，莲泰投资累 计质押公司股份 0 股，占其所持公司股份总数的 0%，占公司总股本的 0%。 公司于 2025 年 4 月 9 日接到控股股东莲泰投资关于其所持有本公司的部分 股份质押解除的通知，具体事项如下： | 股东名称 | 芜湖市莲泰投资管理中心（有限合伙） | | --- | --- | | 本次解质（解冻）股份（股） | 143,510,000 | | 占其所持股份比例 | 79.50% | | 占公司总股本比例 | 8.00% | | 解质（解冻）时间 | 2025 年 4 月 8 日 | | 持股数量（股） | 180,509,529 | | 持股比例 | 10.06% | | 剩余被质押（被冻结）股份数量（股） | 0 | | 剩余被质押（被冻结）股份数量占其 | 0% | | 所持股份比例 | | | 剩余被质押（被冻结）股份数量占公 | 0% | ...

Domestic Financial Market - The Ministry of Foreign Affairs emphasizes China's commitment to true multilateralism and the protection of the multilateral trading system centered around the WTO [4] - The Ministry of Commerce held a roundtable meeting with representatives from over 20 US-funded enterprises [4] - The Ministry of Industry and Information Technology hosted a seminar on AI terminal benchmarks and intelligent classification [4] Industry Updates - As of the end of March, China's gold reserves reached 73.7 million ounces, with the central bank expanding its reserves for five consecutive months, impacting related stocks such as Zijin Mining and Chifeng Jilong Gold [5] - The first cross-provincial and cross-border freight station in the country has been officially launched, reducing costs by approximately 30%, affecting stocks like Baoshai Technology and SF Holding [5] - Display panel manufacturers maintained a capacity utilization rate above 80% in Q1 2025, influencing stocks such as BOE Technology Group and TCL Technology [5] Company Focus - Lianhua Holdings reported a significant increase in product sales and revenue in Q1 2025, with net profit expected to grow by 103% to 144% year-on-year [6] - Beijing-Shanghai High-Speed Railway signed a strategic cooperation framework agreement with the China Railway Economic Planning Research Institute [6] - Huaneng Hydropower achieved a power generation of 21.292 billion kWh in Q1 2025, a year-on-year increase of 31.22%, with grid-connected power reaching 21.104 billion kWh, up 31.42% year-on-year [6] - Heng Rui Medicine licensed its self-developed SHR7280 project to Merck KGaA, which will pay an upfront fee of €15 million [6] Market Review and Outlook - On April 7, the Shanghai and Shenzhen markets opened significantly lower due to US tariff policies and declines in external markets, with the Shanghai Composite Index closing down 7.34% at 3096 points and the ChiNext Index dropping 12.5%, marking its largest single-day decline [7] - The market faced accelerated declines due to sudden trade conflicts, but technical analysis suggests that the market may rebound after filling previous gaps [8] - The A-share market remains in a low valuation zone, with the manufacturing PMI returning above the growth line, and expectations for more favorable policies to be introduced [8]

长江商报消息 老牌调味品公司莲花控股（600186）（600186.SH）坚持实施品牌复兴战略，取得了史上 最好经营业绩。 4月6日晚，莲花控股发布今年一季度业绩预告。公司预计，今年前三个月，其实现归属母公司股东的净 利润（以下简称"归母净利润"）超过亿元，同比翻了一倍以上。 莲花控股还同步发布了2024年业绩快报，其实现的营业收入、归母净利润分别为26.59亿元、2.07亿元， 同比增长26.55%、59.12%。 对于业绩大幅增长，公司解释，其坚持"品牌复兴战略"，持续优化营销网络布局，推进产品渠道升级， 巩固并扩大调味品主营业务竞争优势，产品销量增加，效益提升。 长江商报记者发现，在解释2024年经营业绩增长时，莲花控股还提及新零售业务和算力业务销售收入涨 幅明显。 根据公开信息，莲花控股转型算力业务始于2023年，此次业绩快报说明，公司算力业务取得了成效。 二级市场上，自去年9月份以来，莲花控股的股价翻了一倍多。而在去年第四季度，20家基金公司出手 增持。 新零售算力发力助业绩高增 莲花控股取得了近20年来最好的经营业绩。 根据业绩快报，2024年，莲花控股实现营业收入26.59亿元，同比增长26.5 ...

莲花控股2024年11月曾披露，因算力芯片供应短缺，决定终止6.93亿元的GPU服务器采购合同。除上述 终止的采购合同，莲花控股2024年8月与AVI公司签订的64台GPU服务器采购合同，截至目前仍未交 付。 面临核心硬件短缺，莲花控股在2月28日不得不与中建投租赁签署了4.97亿算力租赁合同，租借200台高 性能服务器，租期38个月，以便开展后续算力服务业务。 莲花控股主营业务为味精等调味品，2023年6月成立全资子公司莲花科创布局算力行业，开辟第二业 务。2024年，莲花控股实现营业务收入26.59亿元，同比增长27%，归母净利润2.07亿元，同比增长 59%。公司公告称，业绩增长主要系新零售业务和算力业务销售收入涨幅明显。 根据公司公告，莲花控股主要营收和净利润仍来自调味品业务，截至2024年9月30日，算力业务前三季 度实现营业收入5570万元，仅占营收的2.88%，贡献的净利润也仅为553.84万元，占净利润的3.35%。 根据莲花控股披露的算力业务进展公告，多笔此前与不同客户签订的算力租赁订单终止，根据不完全统 计，今年以来终止的合同金额合计达2.52亿元，其中有订单部分交付。公告显示，莲花控股算 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [1] Core Views - The company reported better-than-expected performance, with 2024 revenue reaching 2.659 billion yuan, a year-on-year increase of 27%, and net profit attributable to shareholders of 207 million yuan, up 59% [4][5] - The company is benefiting from a recovery in industry demand and a continuous release of brand effects, leading to an increase in market share in the MSG sector [5] - The company's high-margin computing power business is progressing steadily, with a focus on cost control and efficiency improvements [6] Summary by Sections Financial Performance - In Q4 2024, the company achieved revenue of 724 million yuan, a 49% increase year-on-year, and a net profit of 42 million yuan, an 18% increase [4] - For Q1 2025, the expected net profit is between 100 to 120 million yuan, representing a year-on-year growth of 103% to 144% [4] Market Position - The MSG market in 2024 grew by 13.7%, with the company holding over 25% market share, ranking first among top brands [5] - The company is the only one among the top five MSG brands to see a year-on-year increase in market share [5] Profitability Forecast - The report adjusts the EPS forecasts for 2024-2026 to 0.12, 0.22, and 0.29 yuan respectively, with corresponding PE ratios of 54, 28, and 21 times [7] - The company is expected to maintain strong growth in profitability due to internal reforms and expansion of the computing power business [7]

Investment Rating - The report maintains a "Buy" investment rating for the company [1] Core Views - The company reported better-than-expected performance, with a revenue of 2.659 billion yuan in 2024, representing a 27% year-on-year increase, and a net profit of 207 million yuan, up 59% year-on-year [4][5] - The company is benefiting from a recovery in industry demand and a strong brand effect, leading to an increase in market share in the seasoning industry [5] - The company's high-margin computing power business is progressing steadily, with a total collection of 2.7308 million yuan in March, optimizing the overall profitability structure [6] Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 2.659 billion yuan, with a net profit of 207 million yuan, and a significant increase in net profit for Q1 2025 is expected to be between 100 to 120 million yuan, reflecting a year-on-year growth of 103% to 144% [4][10] Market Position - The company holds over 25% market share in the seasoning market, ranking first, and is the only brand among the top five to see a year-on-year increase in market share [5] Business Strategy - The company is committed to a "Brand Revival Strategy" to consolidate its leading position in the industry, benefiting from the overall market growth and increased market share [5] Profitability Forecast - The report adjusts the earnings per share (EPS) forecasts for 2024-2026 to 0.12, 0.22, and 0.29 yuan respectively, with corresponding price-to-earnings (PE) ratios of 54, 28, and 21 times [7][10]

【隔夜行情】 新股申购： 肯特催化，证券代码603120，发行价格15元/股，发行市盈率16.76倍；公司是一家主要从事季铵(鏻)化 合物产品研发、生产和销售的高新技术企业；拥有季铵盐、季铵碱、季鏻盐、冠醚等四大系列产品,致 力于为医药化工、分子筛、粉末涂料、聚氨酯材料、液晶材料、油田化学品等领域的客户提供优质的规 模化产品和定制服务。 【重要新闻】 【沪深交易所：对程序化交易实行实时监控 重点监控瞬时申报速率异常、频繁瞬时撤单、频繁拉抬打 压、短时间大额成交等异常交易行为】日前，沪深交易所发布程序化交易管理实施细则，2025年7月7日 起施行，对程序化交易实行实时监控，重点监控瞬时申报速率异常、频繁瞬时撤单、频繁拉抬打压、短 时间大额成交等异常交易行为。机构投资者应当对程序化交易进行全程管理，建立健全合规风控制度和 交易监控系统，有关责任人员应当对交易合规性进行审查、监督和检查。 •周四（2025年4月3日），A股三大指数集体调整，截至收盘，上证指数跌0.24%，收报3342.01点，深证 成指跌1.40%，收报10365.73点；创业板指跌1.86%，收报2065.40点；北证50收跌0.83%。两市成交 ...