证券代码：600540 证券简称：新赛股份 公告编号：2025-034 新疆赛里木现代农业股份有限公司 新疆赛里木现代农业股份有限公司 关于对子公司流动资金借款担保计划的进展公告 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： ● 被担保人名称及是否为上市公司关联人：呼图壁县新米棉业有限责任公 司（以下简称"呼图壁新米"）、呼图壁县银丰棉业有限公司（以下简称"呼图 壁银丰"）、玛纳斯县金海利棉业有限公司（以下简称"玛纳斯金海利"）、玛 纳斯县新民畜产品有限责任公司（以下简称"玛纳斯新民"）、沙湾市新赛棉业 有限责任公司（以下简称"沙湾新赛"）、沙湾市康瑞棉花加工有限责任公司（以 下简称"沙湾康瑞"）、双河市新赛博汇农业发展有限公司（以下简称"新赛博 汇"）、新疆吉棉通农业科技有限公司（以下简称"吉棉通"）为新疆赛里木现 代农业股份有限公司（以下简称"公司"）下属全资子公司，以上公司均不属于 公司关联人。 ● 本次担保金额及已实际为其提供担保余额：本次公司对子公司担保金额 为 39,299 万元，已实际为其提供担 ...

Group 1 - The Low-E glass concept increased by 3.12%, ranking 8th among concept sectors, with 11 stocks rising, including Hainan Development hitting the daily limit, and Qibin Group, Hebang Biology, and Yaopi Glass showing gains of 5.01%, 4.76%, and 4.34% respectively [1][2] - The Low-E glass sector saw a net inflow of 376 million yuan, with 7 stocks receiving net inflows, and 6 stocks exceeding 10 million yuan in net inflow, led by Hainan Development with 204 million yuan [2][3] - The net inflow ratios for Hainan Development, Qibin Group, and Hebang Biology were 16.32%, 14.61%, and 14.35% respectively, indicating strong investor interest [3] Group 2 - The top stocks in the Low-E glass sector based on net inflow included Hainan Development, Hebang Biology, Qibin Group, and Nanbo A, with respective net inflows of 2038.49 million yuan, 715.68 million yuan, 633.98 million yuan, and 238.91 million yuan [3][4] - The trading volume and turnover rates for these stocks were notable, with Hainan Development showing a turnover rate of 13.86% and a daily increase of 10.01% [3]

Core Viewpoint - The company reported significant revenue growth in 2024 but faced substantial losses, primarily due to declining profit margins and increased costs associated with its main products, particularly cotton and cotton by-products [1][2][3]. Financial Performance - In 2024, the company achieved a revenue of 1.636 billion yuan, a year-on-year increase of 68.42%, while the operating profit reached 1.836 billion yuan, up 79.22%. However, the net profit attributable to shareholders was a loss of 243 million yuan, a staggering decline of 1,758.96% [1][2]. - The net cash flow from operating activities was -1.436 billion yuan, down 234.62% year-on-year, indicating a significant cash outflow despite revenue growth [1][2]. Product Performance - The company’s main products, including self-produced cotton and cottonseed, reported negative gross margins. For instance, self-produced cotton had a gross profit of -19.8 million yuan with a gross margin of -2.37% [1][3]. - Cottonseed sales increased significantly, with a total of 111,094.45 tons sold, but the gross profit was -35.2 million yuan, reflecting a gross margin of -15.09% [1][3]. Market Conditions - The cotton market faced oversupply in 2024, with total cotton production reaching 666.4 million tons, while consumption was only 770 million tons, leading to a supply-demand imbalance [2][3]. - The average market price for self-produced cotton decreased from 17,000 yuan/ton to 14,500 yuan/ton, a drop of 26% [9][10]. Sales Strategy - The company adopted a "fast in, fast out" sales strategy for cotton to mitigate risks associated with storage costs and declining prices. This strategy was influenced by the seasonal nature of cotton production and the need for cash flow to fund raw material purchases [2][3]. - The company expanded its cotton trading business, achieving a gross profit of 898,820 yuan with a gross margin of 3.03% in 2024, despite the overall losses in self-produced cotton [5][6]. Cost Analysis - The company faced increased costs in storage and interest expenses, with storage fees rising to 13.44 million yuan, an increase of 1.03 million yuan year-on-year [10]. - The interest expenses also increased due to a rise in interest-bearing liabilities, amounting to 61.5 million yuan, which negatively impacted net profit [10]. Customer and Sales Dynamics - The company reported significant changes in its customer base, with a focus on expanding relationships with import traders due to reduced import quotas for cotton [5][6]. - The sales volume for cotton trading increased significantly, with a total of 21,449.65 tons sold through online transactions, indicating a shift in sales strategy [6][7].

新疆赛里木现代农业股份有限公司 证券代码：600540 证券简称：新赛股份 公告编号：2025-033 新疆赛里木现代农业股份有限公司 关于上海证券交易所对公司 2024 年年度报告 信息披露监管问询函回复的公告 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。 新疆赛里木现代农业股份有限公司（以下简称"公司"或"新赛股份"）于 近期收到上海证券交易所《关于新疆赛里木现代农业股份有限公司 2024 年年度报 告的信息披露监管问询函》（上证公函〔2025〕0855 号，以下简称《问询函》），公司 及相关中介机构就《问询函》关注的问题逐项进行认真核查，现将《问询函》相关 问题及回复内容公告如下： 问询函问题一：关于经营业绩 年报显示，2024 年公司实现营业收入 16.36 亿元，同比增长 68.42%；营业 成 18.36 亿元，同比增长 79.22%；归母净利润-2.43 亿元，同比下滑 1,758.96%， 经营活动现金流净额-14.36 亿元，同比下滑 234.62%，增收不增利。公司四季 度实现收入 10.18 亿元，净利 ...

Core Viewpoint - The Low-E glass concept sector experienced a significant decline of 3.55%, with major companies like Yamaton, Sanxia New Material, Jinjing Technology, and Yaopi Glass facing substantial losses [1][2]. Group 1: Market Performance - As of July 15, the Low-E glass concept ranked among the top decliners in the market, with Yamaton hitting the daily limit down [1]. - The sector saw a net outflow of 230 million yuan from main funds, indicating a lack of investor confidence [2]. Group 2: Individual Stock Performance - Yamaton led the outflow with a net withdrawal of 65.6 million yuan, reflecting a drop of 9.99% in its stock price [2]. - Other notable stocks with significant net outflows include Jinjing Technology (34.9 million yuan, down 4.18%) and Yaopi Glass (27.1 million yuan, down 4.03%) [2].

Group 1: Annual Reports and Dividends - Gujinggong Liquor (000596) reported 2024 revenue of 23.578 billion yuan, up 16.41%, and net profit of 5.517 billion yuan, up 20.22%. The company plans to distribute a cash dividend of 50 yuan per 10 shares, totaling 2.643 billion yuan [2] - Luzhou Laojiao (000568) reported 2024 revenue of 31.196 billion yuan, up 3.19%, and net profit of 13.473 billion yuan, up 1.71%. The company plans to distribute a cash dividend of 45.92 yuan per 10 shares, totaling 6.759 billion yuan [2] - Gree Electric (000651) reported 2024 revenue of 189.164 billion yuan, down 7.26%, and net profit of 32.185 billion yuan, up 10.91%. The company plans to distribute a cash dividend of 20 yuan per 10 shares, totaling 11.17 billion yuan [3] Group 2: Q1 2025 Performance - Gujinggong Liquor reported Q1 2025 revenue of 9.146 billion yuan, up 10.38%, and net profit of 2.330 billion yuan, up 12.78% [2] - Gree Electric reported Q1 2025 revenue of 41.507 billion yuan, up 14.14%, and net profit of 5.904 billion yuan, up 26.29% [3] - National City Mining (000688) reported Q1 2025 revenue of 0.053 billion yuan, up 77.25%, and net profit of 0.0612 billion yuan, up 18279.65% [4] - Taiyuan Iron & Steel (000825) reported Q1 2025 revenue of 23.31 billion yuan, down 4.71%, and net profit of 0.0188 billion yuan, up 5506.92% [4] - Shenfang A (000029) reported Q1 2025 revenue of 0.033 billion yuan, up 457.38%, and net profit of 0.0724 billion yuan, up 3718.51% [4] - Qingda Environmental Protection (688501) reported Q1 2025 revenue of 0.0619 billion yuan, up 317.43%, and net profit of 0.0687 billion yuan, up 990.26% [4] - Tianbao Infrastructure (000965) reported Q1 2025 revenue of 0.0169 billion yuan, down 34.62%, and net profit of 0.01 billion yuan, up 737.29% [4] - Taihe Intelligent (603656) reported Q1 2025 revenue of 0.0105 billion yuan, up 10.19%, and net profit of 0.0002097 billion yuan, up 716.41% [5] - Meg Intelligent (002881) reported Q1 2025 revenue of 0.0997 billion yuan, up 73.57%, and net profit of 0.0463 billion yuan, up 616.02% [5] - Shengda Biological (603079) reported Q1 2025 revenue of 0.0203 billion yuan, up 9.95%, and net profit of 0.0217 billion yuan, up 469.35% [5] - Jincai Interconnection (002530) reported Q1 2025 revenue of 0.0206 billion yuan, down 33%, and net profit of 0.001364 billion yuan, up 466.95% [5] - XinSai Co. (600540) reported Q1 2025 revenue of 1.215 billion yuan, up 312.03%, and net profit of 0.01819 billion yuan, up 315.74% [6]

Core Insights - The demand for grape seed health products is increasing due to rising living standards and health awareness among consumers [1][16] - The market size of grape seed health products in China is projected to grow from 5 billion yuan in 2019 to 9 billion yuan by 2024, with a compound annual growth rate of 12% [1][16] - Technological advancements in extraction efficiency and purity are supporting the growth of the grape seed health product market [1][16] Industry Overview - Grape seed health products are derived from grape seeds and contain beneficial components such as vitamins, minerals, amino acids, and antioxidants, offering various health benefits [3][10] - The industry can be categorized by product form (tablets, capsules, liquid), efficacy (antioxidant, anti-aging), and usage scenarios (daily health, beauty, sports nutrition) [5][10] Market Dynamics - The grape seed health product market is experiencing rapid expansion due to the growth of e-commerce and diversified marketing channels [1][16] - The increase in grape production in China, from 13.16 million tons in 2015 to 16.17 million tons in 2023, is expected to provide ample raw materials for grape seed health products [12][14] Regulatory Environment - Recent policies in China aim to promote the integration of the food industry with health and wellness sectors, enhancing the market for functional foods and health products [6][9] Competitive Landscape - Major players in the grape seed health product market include well-known domestic brands such as汤臣倍健 (Tongrentang), 康恩贝 (Kang En Bei), and 九芝堂 (Jiu Zhi Tang), as well as international brands like Nature's Way and NOW Foods [18][19] - Companies are enhancing their competitiveness through improved production technologies and brand marketing strategies [18][19] Consumer Trends - There is a notable increase in consumer demand for high-quality grape seed health products, particularly among women and young adults aged 18 to 35, who represent 83.7% of the health supplement market [24][25] - Consumers are increasingly focused on product quality, efficacy, and safety, necessitating continuous improvement in product formulations [24][25] Future Outlook - The industry is expected to benefit from technological advancements that enhance product absorption and bioavailability [25][26] - The trend of online and offline integration in sales channels is becoming crucial for market growth, providing consumers with a more convenient shopping experience [26][27] - International expansion is a growing trend, with Chinese companies leveraging their resources and technology to compete in global markets [27]

Core Viewpoint - The training session aims to enhance the ability of enterprises in the Xinjiang Production and Construction Corps to utilize the futures market for managing operational risks and to support high-quality economic development [1][2]. Group 1: Training and Collaboration - The training was organized by the Xinjiang Production and Construction Corps State-owned Assets Supervision and Administration Commission, the Xinjiang Securities Regulatory Bureau, and the Zhengzhou Commodity Exchange, focusing on risk management through futures [1]. - Participants included regulatory officials, representatives from state-owned enterprises, listed companies, and financial experts, discussing the role of financial derivatives in industry transformation and supply chain stability [1][2]. - The Zhengzhou Commodity Exchange has established multiple delivery warehouses for cotton and jujube in Xinjiang, reinforcing the region's position as a trade center and pricing benchmark [2][3]. Group 2: Industry Challenges and Opportunities - Enterprises face price volatility and market risks due to global economic changes, which create uncertainties in procurement, production, and sales [1]. - The Xinjiang Production and Construction Corps emphasizes the need for enterprises to enhance their understanding of the futures market and develop a skilled workforce that comprehends both futures and spot markets [2][3]. - The training highlighted the importance of using futures and derivatives for risk management, with a focus on cotton and jujube, which are key products for the region [2][4]. Group 3: Expert Insights and Practical Applications - Industry experts provided insights on macroeconomic trends, cost fluctuations, and supply chain challenges, advising on how to use futures tools for risk hedging and strategic planning [3]. - The training included discussions on the core functions of the futures market, such as price discovery and resource allocation, and how these can support high-quality development for enterprises [3]. - Practical applications of futures and options in risk management were shared, including strategies for hedging and liquidity risk control, helping participants understand how to stabilize operations and secure profits [3][4].

Concept Performance - The PET copper foil concept saw a daily increase of 2.09%, while the combustible ice concept experienced a decline of 4.14% [1] - Other notable increases included photolithography at 1.45% and BC battery at 1.13%, while short drama games fell by 3.07% [1] Low-E Glass Concept - The Low-E glass concept had a net inflow of 0.45 billion yuan, with seven stocks receiving net inflows, led by Wanshun New Materials with 20.91 million yuan [1] - Key stocks in the Low-E glass concept included Wanshun New Materials, Hainan Development, and Qibin Group, with respective net inflows of 20.91 million yuan, 17.66 million yuan, and 13.23 million yuan [1] Stock Performance - As of June 20, the Low-E glass concept increased by 0.64%, ranking 10th among concept sectors, with Wanshun New Materials, Hainan Development, and Qibin Group leading the gains at 4.68%, 2.64%, and 1.62% respectively [3] - Decliners in the Low-E glass concept included XinSai Co., Sanxia New Materials, and AnCai High-Tech, with declines of 2.53%, 1.00%, and 0.22% respectively [3] Fund Flow Ratios - Fund inflow ratios were highest for Qibin Group, Wanshun New Materials, and Hainan Development, with net inflow rates of 11.05%, 7.29%, and 5.62% respectively [2][4] - Wanshun New Materials had a trading volume of 20.91 million yuan and a turnover rate of 7.81% [2]

Group 1 - The grain concept sector rose by 1.30%, ranking 9th among concept sectors, with 23 stocks increasing in value, including Qiu Le Seed Industry, Kang Nong Seed Industry, and Shen Nong Seed Industry, which rose by 11.99%, 10.91%, and 8.29% respectively [1] - The top gainers in the grain concept sector included Jinhe Biological, with a net inflow of 67.34 million yuan, followed by Denghai Seed Industry, Longping High-Tech, and COFCO Technology, with net inflows of 38.17 million yuan, 36.26 million yuan, and 35.14 million yuan respectively [2][3] - The main capital inflow ratios were led by Denghai Seed Industry, Jingliang Holdings, and Jinhe Biological, with net inflow rates of 13.59%, 12.33%, and 8.93% respectively [3] Group 2 - The grain concept sector saw a net inflow of 189 million yuan, with 22 stocks receiving net inflows, and 6 stocks exceeding 30 million yuan in net inflow [2] - The stocks with the highest trading turnover included Jinhe Biological at 15.46%, Denghai Seed Industry at 3.15%, and Longping High-Tech at 3.10% [3][4] - The overall performance of the grain concept sector was positive, with several stocks showing significant gains, while some stocks like Weiwei Co., Lianhua Holdings, and Luoping Zinc Electric experienced declines of 2.92%, 2.06%, and 1.89% respectively [1][5]