证券代码：600365 证券简称：ST 通葡 公告编号：临 2025—062 通化葡萄酒股份有限公司 关于续聘会计师事务所的公告 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： 拟聘任的会计师事务所名称：北京德皓国际会计师事务所（特殊普通合 伙）（以下简称"北京德皓国际会计师事务所"） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 名称：北京德皓国际会计师事务所（特殊普通合伙） 成立日期：2008 年 12 月 8 日 组织形式：特殊普通合伙 注册地址：北京市西城区阜成门外大街 31 号 5 层 519A 截至 2025 年 9 月 30 日，北京德皓国际会计师事务所近三年因执业行为受到 刑事处罚 0 次、行政处罚 0 次、行政监管措施 2 次、自律监管措施 0 次、纪律处 分 0 次和行业惩戒 0 次。期间有 35 名从业人员近三年因执业行为受到行政监管 措施 24 次、自律监管措施 5 次、行政处罚 2 次、纪律处分 1 次、行业惩戒 1 次 （除 2 次行政监管措施、1 次行政处罚、1 ...

证券代码：600365 证券简称：ST 通葡 公告编号：临 2025-064 通化葡萄酒股份有限公司 重要内容提示： 关于召开2025年第三次临时股东会的通知 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第三次临时股东会 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。 召开的日期时间：2025 年 12 月 19 日 15 点 00 分 召开地点：通化葡萄酒股份有限公司一楼会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 股东会召开日期：2025年12月19日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 网络投票起止时间：自2025 年 12 月 19 日 至2025 年 12 月 19 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9 ...

通化葡萄酒股份有限公司 2025 年第三次临时股东会会议资料 通化葡萄酒股份有限公司 2025 年第三次临时股东会会议资料 二〇二五年十二月十九日 会议时间：2025 年 12 月 19 日（星期五） 下午 15:00 地点：通化葡萄酒股份有限公司一楼会议室（吉林省通化市前兴路 28 号） （二）网络投票： 投票日期：2025 年 12 月 19 日（星期五） 通化葡萄酒股份有限公司 2025 年第三次临时股东会会议资料 通化葡萄酒股份有限公司 2025 年第三次临时股东会会议议程 一、会议召开的日期、时间 （一）现场会议： （一）主持人宣布会议开始 （二）主持人宣布现场出席会议的股东和代理人人数及所持有表决权的股份 总数 （三）主持人主持推举两名股东代表参加计票和监票 （四）审议议案： 投票时间：采用上海证券交易所网络投票系统，通过交易系统投票平台的投 票时间为股东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00； 通过互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 二、会议的表决方式：本次会议采取现场投票与网络投票相结合的方式，公 司将使用上 ...

一、董事会会议召开情况 证券代码：600365 证券简称：ST 通葡 公告编号：临 2025-061 通化葡萄酒股份有限公司 第九届董事会第十二次会议决议公告 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。 通化葡萄酒股份有限公司（以下简称"公司"）第九届董事会第十二次会议 于 2025 年 12 月 3 日以书面形式发出召开董事会会议的通知，并于 2025 年 12 月 3 日以通讯方式召开，会议应到董事 7 人，实到董事 7 人，会议由董事长吴玉华 女士主持，符合法律、法规、规章和《公司章程》有关规定，合法有效。 二、董事会会议审议情况 本议案已经公司董事会审计委员会审议通过。 本议案尚需提交股东会审议。 表决结果：7 票同意，0 票反对，0 票弃权。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的 《通化葡萄酒股份有限公司关于续聘会计师事务所的公告》（公告编号：临 2025-062）。 2、审议通过《关于 2026 年度日常关联交易预计的议案》 同意公司根据实际经营情况和 2026 年度 ...

Core Viewpoint - ST Tongpu, a company with nearly 90 years of winemaking history, has recently experienced a five-day stock surge, reaching a one-year high, despite its ongoing ST status due to historical issues related to illegal guarantees [1][19]. Group 1: Historical Development - Tonghua Wine Co., Ltd. is a well-established brand in China's wine industry, with nearly 90 years of winemaking experience. The company underwent restructuring in 1999 and was officially listed on January 15, 2001. It has experienced multiple changes in shareholding, notably when Xinhua Group became the largest shareholder in 2004 [2][20]. Group 2: Main Business - ST Tongpu's main business is divided into two segments: wine manufacturing and sales, and e-commerce for consumer goods. The wine segment focuses on various types of wines, including dry, ice, sweet, and grape spirits, using unique mountain grapes from Changbai Mountain. The e-commerce segment operates through its subsidiary, Jiurun Yuan, and has obtained internet distribution rights from several brand owners, collaborating with platforms like JD.com, Tmall, and Pinduoduo. The company has recently decided to gradually stop selling white wine online and will focus on wine and non-white wine consumer goods in the future [3][21]. Group 3: Financial Performance (2022-2024) - ST Tongpu's financial data has shown volatility in recent years. Key indicators include: - Basic earnings per share: -0.13 yuan in 2022, -0.17 yuan in 2023, and -0.12 yuan in 2024 [5][23]. - Net asset per share: 0.78 yuan in 2022, 0.72 yuan in 2023, and 0.67 yuan in 2024 [6][24]. - Sales gross margin: 19.49% in 2022, 17.99% in 2023, and 14.54% in 2024 [7][25]. - In 2024, the company reported revenue of 869 million yuan, a year-on-year increase of 1.22%, but a net loss attributable to shareholders of 49.88 million yuan, indicating continued losses [8][26]. - As of the first half of 2025, the company's debt-to-asset ratio reached 66.8%, indicating significant financial pressure [9][27]. Group 4: Reasons for ST Status - The direct reason for ST status is historical issues related to illegal guarantees. In August 2020, the company discovered that the former actual controller had illegally used the company's seal to guarantee a loan agreement for Dalian Dinghua International Trade Co., Ltd. The arbitration involved an amount as high as 306.3 million yuan, and although the arbitration court deemed the guarantee invalid, the company was ordered to bear compensation liability of approximately 61.26 million yuan [10][28]. Additionally, the internal control audit report for 2020 received a negative opinion, contributing to the ongoing ST status [11][29]. Group 5: Current Problem Resolution Status - As of the third quarter of 2025, the core issues leading to ST status remain unresolved, and the conditions for removal have not been met. The company has filed a lawsuit against the former actual controller for losses related to the illegal guarantee but lost the first instance in July 2025 and has appealed, with the case currently in the second instance [12][30]. The company has recognized estimated liabilities for the arbitration matter and is disclosing progress monthly, indicating a commitment to using legal means to protect its rights and mitigate risks [12][31]. Group 6: Potential Speculative Themes - Despite the pressure on fundamentals, the market may focus on the following themes: 1. Business focus: The decision to stop the e-commerce white wine business and return to the core wine business is seen as a signal of strategic clarity [13][32]. 2. Equity incentives: A restricted stock incentive plan is set to be launched in 2025, proposing to grant approximately 6.26% of shares to 45 core employees, which may be interpreted as management's confidence in the future [13][32]. 3. Historical heritage: The company has nearly 90 years of winemaking history and a unique underground wine cellar, providing a foundation for brand storytelling [14][33]. 4. Active stock price: In September 2025, the stock experienced a "five consecutive boards" phenomenon, with a monthly increase of over 40%, likely attracting short-term capital attention [15][34].

Core Insights - The internet e-commerce sector experienced a 0.7% increase on December 2, with ST Tongpu leading the gains [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - ST Tongpu (600365) closed at 3.54, up 5.04% with a trading volume of 156,300 shares and a transaction value of 54.55 million yuan [1] - Jihong Co. (002803) closed at 16.47, up 3.72% with a trading volume of 176,500 shares and a transaction value of 288 million yuan [1] - Guolian Co. (603613) closed at 28.53, up 3.63% with a trading volume of 177,300 shares and a transaction value of 497 million yuan [1] - Other notable performers include ST Yigou (002024) up 3.51% and Xinghui Co. (300464) up 3.20% [1] Capital Flow - The internet e-commerce sector saw a net inflow of 39.01 million yuan from institutional investors, while retail investors experienced a net outflow of 55.12 million yuan [2] - Major stocks like Liren Lizhuang (605136) had a net inflow of 49.53 million yuan from institutional investors, indicating strong interest [3] - Jihong Co. (002803) also saw significant institutional interest with a net inflow of 45.69 million yuan [3]

证券代码：600365 证券简称：ST 通葡 公告编号：临 2025-060 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： ● 通化葡萄酒股份有限公司（以下简称"公司"）因触及《上海证券交易 所股票上市规则》（2019 年 4 月修订）13.4.1 第（五）项规定，公司股票被实 施 "其他风险警示"。 ● 根据《上海证券交易所股票上市规则》（2025 年 4 月修订）第 9.8.4 条 规定，公司将每月披露一次其他风险警示相关事项的进展情况，提示相关风险。 一、公司被实施其他风险警示的基本情况及进展 2020 年 8 月 25 日，公司因为原实际控制人违规担保，根据《上海证券交易 所股票上市规则》（2019 年 4 月修订）13.4.1 第（五）项规定,触发了"上市公 司股票被实施其他风险警示"的相应情形，被实施其他风险警示。具体内容详见 公司于 2020 年 8 月 24 日披露的《关于公司股票实施其他风险警示暨公司股票停 牌的提示性公告》（公告编号：临 2020-038）。 2021 年 4 月 30 日 ...

Core Insights - The Chinese wine industry is experiencing a significant decline in production, with a reported decrease of 18.2% in September 2025 compared to the previous year [1] - Cumulatively, the wine production from January to September 2025 has fallen by 22.6%, totaling 65,000 kiloliters [1] Company Insights - Key listed companies in the Chinese wine sector include Zhangyu A (000869), Weilang Co., Ltd. (603779), Zhongpu Co., Ltd. (600084), ST Tongpu (600365), Xibu Chuangye (000557), and Huangtai Wine Industry (000995) [1] Industry Reports - The report titled "2026-2032 China Wine Industry Market Panorama Survey and Investment Potential Research Report" by Zhiyan Consulting provides insights into the market trends and investment opportunities within the wine industry [1][2]

Market Overview - On November 7, the internet e-commerce sector declined by 0.8%, with Qingmu Technology leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Notable gainers included: - Xinxunda (300518) with a closing price of 16.77, up 6.68% and a trading volume of 143,700 shares, totaling 236 million yuan [1] - Guolian Co. (603613) closed at 28.49, up 0.99% with a trading volume of 128,300 shares [1] - Significant decliners included: - Qingmu Technology (301110) closed at 72.92, down 4.07% with a trading volume of 44,300 shares, totaling 328 million yuan [2] - JiaoDian Technology (002315) closed at 44.88, down 3.79% with a trading volume of 72,600 shares [2] Capital Flow - The internet e-commerce sector experienced a net outflow of 60.73 million yuan from institutional investors, while retail investors saw a net inflow of 72.48 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor types, with retail investors showing a preference for certain stocks [2] Individual Stock Capital Flow - Xinxunda (300518) had a net inflow of 25.59 million yuan from institutional investors, while retail investors had a net outflow of 27.37 million yuan [3] - Qingmu Technology (301110) saw a net inflow of 25.37 million yuan from institutional investors, but a net outflow of 37.90 million yuan from retail investors [3] - Guolian Co. (603613) had a net inflow of 23.83 million yuan from institutional investors, with retail investors experiencing a net outflow of 35.19 million yuan [3]

Core Insights - The internet e-commerce sector experienced a slight decline of 0.15% on November 5, with New Xunda leading the drop [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] Stock Performance - Notable gainers in the internet e-commerce sector included: - Yumu Technology (301110) with a closing price of 75.00, up 2.88% [1] - Liren Lizhuang (605136) at 66.6, up 1.73% [1] - Ruoyuchen (003010) at 37.71, up 1.37% [1] - Major decliners included: - New Xunda (300518) at 15.98, down 3.68% [2] - Jihong Co. (002803) at 16.66, down 2.00% [2] - Focus Technology (002315) at 47.37, down 1.74% [2] Capital Flow - The internet e-commerce sector saw a net outflow of 65.06 million yuan from institutional investors, while retail investors contributed a net inflow of 50.17 million yuan [2] - The detailed capital flow for selected stocks showed: - Yumu Technology had a net outflow of 20.05 million yuan from institutional investors [3] - Star徽股份 (300464) saw a net inflow of 14.16 million yuan from institutional investors [3] - ST Yigou (002024) had a net inflow of 1.38 million yuan from retail investors [3]