Group 1 - The A-share liquor stocks experienced a short-term surge, with Huangtai Liquor reaching the daily limit increase [1] - Jinzhongzi Liquor, Yingjia Gongjiu, Gujing Gongjiu, and Shanxi Fenjiu also saw significant price increases [1]

Focus Events - Guosen Securities has received approval from the Shenzhen Stock Exchange for the acquisition of 96.08% of Wanhe Securities, marking the third broker merger project approved since last year, pending further approval from the CSRC [1] - The People's Bank of China is set to announce the June Loan Prime Rate (LPR), with the current 1-year LPR at 3% and the 5-year LPR at 3.5% [1] Macro News - He Lifeng, a member of the Political Bureau of the CPC Central Committee, stated at the Qingdao Summit that China is an ideal, safe, and effective investment destination for multinational companies due to its vast domestic market and complete industrial system [1] Industry Dynamics - Three departments have mandated that car manufacturers must not engage in exaggerated or false advertising and must uphold product quality, emphasizing long-term responsibility and avoiding short-term cost-cutting measures [4] - The Chinese photovoltaic industry is expected to see a significant production cut of 10% to 15% in the third quarter as part of a "production limit to maintain prices" strategy [6] - The Ministry of Commerce announced it will expedite the review of rare earth export license applications to maintain global supply chain stability [6] Company Focus - Suning.com plans to sell four Carrefour subsidiaries for a total of 4 yuan, which is expected to increase the company's net profit by approximately 572 million yuan [9] - CATL intends to use up to 4.5 billion yuan of idle fundraising for cash management in safe, liquid deposit products [9] - Xiaomi has invested 635 million yuan to acquire 728 acres of industrial land in Beijing for the construction of a new energy intelligent connected vehicle manufacturing project [9][10] - Jinzongzi Wine clarified that it is not exiting the liquor industry, but is standardizing its business scope in compliance with regulatory requirements [11] - Konda New Materials plans to acquire at least 51% of Chengdu Zhongke Huamei Electronics to expand into the semiconductor integrated circuit sector [11] - Online and Offline announced a potential change in control, leading to a temporary suspension of its stock [12] - Taiji Co. announced that the Hubei State-owned Assets Supervision and Administration Commission has become the controlling shareholder, with stock resuming trading [13][14] - Zhongyan Chemical plans to agree to a capital reduction for Zhongyan Alkali Industry, which is expected to constitute a major asset restructuring [15] - Lianchuang Optoelectronics reported strong demand for drone countermeasures in the Middle East and is actively engaging with potential local clients [15] - Shengnuo Bio expects a net profit increase of 253.54% to 332.10% for the first half of 2025, driven by strong performance in its peptide raw material business [16] - *ST Gongzhi's stock will resume trading and enter a delisting preparation period, with the last trading date expected to be July 10, 2025 [17]

Group 1: Jinzhongzi Liquor - Jinzhongzi Liquor clarifies that it will continue to focus on its core business of liquor production, despite recent rumors suggesting otherwise [1] - The company has updated its business registration to align with regulatory requirements, changing its description from "liquor and other alcohol production" to "alcoholic beverage production" [1] - The strategic focus remains on enhancing and strengthening the liquor business, with no changes to the core business direction or resource allocation [1] Group 2: Laobai Gan Liquor - Laobai Gan Liquor reports that its Wuling Liquor has established sales networks in over ten provinces and cities in China [2] - The company employs a direct-to-consumer sales model, eliminating intermediaries and enhancing collaboration with distributors to increase market share [2] - This innovative short-chain sales approach aims to reduce costs and improve efficiency, thereby increasing product competitiveness and profitability for distributors [2] Group 3: Chinese Beer Industry - China's beer export volume increased by 52.9% in May, contributing to a 17.3% growth in export volume and a 19.7% increase in export value from January to May [3] - The import volume of beer also grew by 9.1% during the same period, although the import value saw a slight decline [3] - The data indicates a shift in China's position within the global beer industry, with domestic brands gaining recognition and competitiveness in international markets [3]

Core Viewpoint - Multiple companies have announced significant developments, including investments, clarifications on business operations, and changes in control, which may present various investment opportunities and risks for stakeholders [2]. Company Announcements - **Hai Zheng Pharmaceutical** plans to establish a joint venture in synthetic biology with a registered capital of 350 million yuan, where Hai Zheng will contribute 260 million yuan, holding a 74.29% stake [3]. - **Jin Zhong Zi Jiu** clarified that its business scope remains unchanged despite media reports suggesting a shift away from liquor production, confirming that it will continue to focus on its core liquor business [4]. - **ST Gong Zhi** announced that its stock will resume trading on June 20, 2025, and enter a delisting period, with the last trading date expected to be July 10, 2025 [5]. - **Zhong Jing Electronics** confirmed that its production and operational conditions are normal, with no undisclosed significant matters [6]. - **Shan Jin International** is preparing for an overseas H-share issuance and listing on the Hong Kong Stock Exchange to enhance its global strategy [7]. - **Kang Da New Materials** intends to acquire at least 51% of Chengdu Zhongke Huamei Electronics to expand into the semiconductor integrated circuit sector [8]. - **Zhong Yan Chemical** agreed to a capital reduction for its subsidiary, which will result in it holding 100% of the subsidiary's equity, constituting a significant asset restructuring [9]. - **Tai Ji Co., Ltd.** announced a change in its actual controller to the Hubei Provincial State-owned Assets Supervision and Administration Commission, with stock resuming trading [10]. - **ST Yi Guo** plans to sell four Carrefour subsidiaries for 1 yuan, expecting to increase its net profit by approximately 572 million yuan, while focusing on its core home appliance business [11][12]. Performance Expectations - **Sheng Nuo Bio** anticipates a substantial increase in net profit for the first half of 2025, projecting a year-on-year growth of 253.54% to 332.10%, driven by strong performance in its peptide raw material business [13]. Share Buyback - **Nuo Wei Zan** intends to repurchase shares worth between 5 million and 10 million yuan to implement employee stock ownership plans, with a maximum repurchase price of 30 yuan per share [14]. Major Contracts - **Sai Sheng Pharmaceutical** signed a technology transfer contract for a new drug project with a total transaction amount of 20 million yuan, which will enhance its capabilities in the protein/antibody drug platform [15].

Core Viewpoint - Jinzhongzi Liquor (600199.SH) clarified recent media reports suggesting a shift away from its core business of liquor production, confirming that its operational scope remains focused on liquor despite a change in the wording of its business registration [2][5]. Group 1: Business Operations - Jinzhongzi Liquor's original business scope of "liquor and other alcohol production" has not changed since its listing in 1998, but it has been updated to "liquor product production" to comply with regulatory requirements [2]. - The company emphasized that this adjustment does not indicate a change in its main business focus, and it will continue to concentrate resources on strengthening its liquor operations [2]. Group 2: Financial Performance - In recent years, Jinzhongzi Liquor has been experiencing continuous losses, attributed to declining sales of core products, increased market terminal investments during industry adjustments, and underperformance of its Fuhuo Xiang product line [5].

证券代码：600199 证券简称：金种子酒 公告编号：临 2025-026 安徽金种子酒业股份有限公司 关于媒体报道的澄清公告 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。 一、传闻简述 近日，安徽金种子酒业股份有限公司（以下简称"公司"）关注到有关媒体 发布题为《经营范围删除"白酒"，金种子酒要转型？》，《金种子酒不做白酒了？》 等相关报道，基于对投资者负责的态度，公司现就相关情况予以澄清说明。 二、澄清说明 三、相关风险提示 公司指定信息披露媒体为《中国证券报》、《上海证券报》、《证券时报》、《证 券日报》和上海证券交易所网站（www.sse.com.cn），有关公司信息以公司上述 指定媒体刊登的公告为准。敬请广大投资者理性投资，注意防范风险。 特此公告。 安徽金种子酒业股份有限公司 董事会 2025 年 6 月 20 日 公司原经营范围"白酒和其他酒生产"系公司 1998 年上市以来在工商登记 系统填报信息，没有发生过变更。为使用市场监管总局统一的《经营范围规范表 述目录（试行）》开展经营范围登记规范化工作，根据市场监 ...

Core Viewpoint - The company clarifies that the reported deletion of "liquor" from its business scope is a misunderstanding, as the change is merely a regulatory adjustment and does not indicate a shift in its core business focus on liquor production [1] Group 1: Business Scope Clarification - The company's original business scope of "liquor and other alcohol production" has not changed since its listing in 1998 [1] - The adjustment to the business scope is in compliance with the Market Supervision Administration's requirement to align with the standardized business scope expression directory [1] - The business scope has been updated from "liquor and other alcohol production" to "alcoholic beverage production," but the company will continue to focus on strengthening its core liquor business [1]

安徽金种子酒业股份有限公司 2025 年第二次临时股东大会 会议资料 2025 年 6 月 26 日 2025 年第二次临时股东大会会议资料 目 录 主持人：董事长谢金明先生 表决方式：现场投票与网络投票相结合的方式 一、大会介绍 一、程序文件 | 2025 年第二次临时股东大会会议议程 1 | | --- | | 2025 年第二次临时股东大会会议须知 3 | | 二、会议议案 | | 议案一、关于变更经营范围及修订《公司章程》的议案 5 | 议案二、关于聘任 2025 年度会计师事务所的议案 ........................... 7 2025 年第二次临时股东大会会议资料 安徽金种子酒业股份有限公司 2025年第二次临时股东大会会议议程 现场会议时间：2025年6月26日14:30 现场会议地点：阜阳市清河东路523号金种子研发大楼9楼会议室 1、主持人宣布现场会议开始 董事长谢金明先生介绍出席会议的公司董事、监事、高级管理人员、见证律师 等有关人员 2、董事、总经理何秀侠女士向大会报告出席现场会议的股东、股东代表及其 代表的有表决权的股份数额 3、董事、总工程师杨红文先生宣读会议须知 ...

Market Overview - A-shares opened slightly lower on June 18, with all major indices in the red and over 4200 stocks declining [1] - The Shanghai Composite Index fell by 0.41% to 3373.61, while the Shenzhen Component decreased by 0.23% to 10128.47 [2] Sector Performance - The food and beverage sector showed initial strength, particularly in liquor stocks, with notable gains from companies like Mogaos, Huangtai Wine, and Jinzhongzi Wine, all hitting the daily limit [5][6] - The photovoltaic inverter, liquor, military, and digital currency sectors experienced localized rallies, while rare earth permanent magnet stocks saw significant pullbacks [3][11] Liquor Industry Insights - During the "618" shopping festival, several e-commerce platforms initiated aggressive price cuts on liquor, with high-end products like Feitian Moutai seeing price drops, which has become a key market variable [7] - Specific liquor stocks such as Mogaos, Huangtai Wine, and Jinzhongzi Wine reported increases of approximately 10% [6] Oil and Gas Sector Activity - The oil and gas sector was notably active, with companies like Zhun Oil and Beiken Energy experiencing substantial gains, attributed to rising international oil prices amid escalating geopolitical tensions in the Middle East [8][9] Defense and Military Sector - The defense and military sector saw significant upward movement, with stocks like Changcheng Military Industry hitting the daily limit and others like Beifang Longzhong and Jiekang Equipment rising over 10% [10] Consumer Sector Weakness - The broader consumer sector faced challenges, with retail stocks declining, particularly in the small commodity market, where Xiaoshangpin City dropped over 9% [11][12] - The beauty and personal care sector also experienced declines, with several companies reporting drops exceeding 5% [13] Rare Earth Sector Decline - Rare earth permanent magnet stocks faced notable declines, with companies like Beikong Technology nearing the daily limit down, and others like Zhongke Magnetic and Keheng shares dropping over 9% [15][16]

Core Viewpoint - The company, Jinzhongzi Liquor, has changed its business scope significantly, notably omitting the mention of "liquor" from its operations, which has raised investor speculation about potential diversification into other alcoholic beverages like beer and wine. However, the company clarified that this change is merely a regulatory adjustment and does not indicate a shift in business strategy [2][3][4][8]. Business Scope Change - The business scope has been revised from "liquor and other alcoholic beverage production" to "alcoholic beverage production," consolidating the description and removing explicit references to "liquor" [4][8]. - The previous description of "production of raw materials for alcoholic beverages" has been changed to "primary agricultural product acquisition," indicating a shift in terminology rather than a change in operations [4][8]. Investor Reactions and Company Response - Investors speculated that the omission of "liquor" could signal a diversification strategy; however, the company denied these claims, stating that the change was made for regulatory compliance and that the business operations remain unchanged [3][8]. - Following the announcement, the company's stock experienced slight fluctuations, opening with a minor increase but maintaining a volatile performance [9]. Financial Performance and Management Concerns - The company has faced continuous losses since the acquisition by China Resources in early 2022, leading to scrutiny over executive compensation amidst poor financial results [10][11]. - In the first quarter of the current year, the company reported a gross profit margin exceeding 40%, yet the net profit attributable to shareholders was -13.5%, raising questions about expense management and the rationale behind high executive salaries [11]. - During the 2024 annual shareholder meeting, a significant portion of shareholders (45.6%) voted against the proposed executive compensation, reflecting dissatisfaction with the management's performance in light of ongoing losses [11].