Industry Dynamics - In the first half of 2023, the revenue from tobacco and alcohol increased by 5.5% year-on-year, totaling 331.6 billion yuan, while June's revenue was 51.6 billion yuan, showing a decline of 0.7% year-on-year [4] - The added value of the beverage and tea manufacturing industry grew by 3.4% year-on-year in June, with a 4.7% increase in the first half of the year [4] - Four industry standards related to fermented rice wine and fruit wines were officially released, set to be implemented on February 1, 2026 [4] - A national standard for the carbon footprint quantification of liquor was included in the 2025 national standard plan [5] - The China Chain Store & Franchise Association issued a proposal to resist "involution" competition in instant retail, emphasizing the need for fair market practices and sustainable development [5] Company Dynamics - Multiple liquor companies released their performance forecasts for the first half of 2023, showing a significant divergence in results. The white liquor sector generally performed poorly, with Shui Jing Fang's net profit dropping by 56.52% and other companies like Jiu Gui Jiu and Shun Xin Agriculture also reporting substantial declines [7] - Some companies, such as Chuan Jiu Group and Qinghai Spring, reported growth in revenue and profits, while the beer sector, led by Yan Jing Beer, saw a net profit increase of 40%-50% [7] - The wine and yellow wine sectors faced losses, attributed to rising costs and inadequate market expansion [7] - The chairman of Shui Jing Fang Group was replaced, marking a significant change in leadership [10] - Hengshui Laobaigan plans to focus on three key areas in the second half of the year: deepening core market channels, enhancing differentiated operations for banquet scenarios, and accelerating the implementation of a digital marketing system [10]

Gansu Mogao Industrial Development Co., Ltd. Announcement on Preliminary Loss for the First Half of 2025 [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company anticipates a significant net loss for the first half of 2025, with unaudited figures showing a substantial increase in losses compared to the prior year 2025 H1 Performance Forecast Details | Metric | 2025 H1 Forecast | Change from Prior-Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | -25 million to -37 million RMB | Loss increased by 15.77 million to 27.77 million RMB | | **Net Profit after Non-recurring Items** | -25 million to -37 million RMB | Loss increased by 14.98 million to 26.98 million RMB | - The applicable period for this performance forecast is from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) - The preliminary performance data has not been audited by a certified public accountant[5](index=5&type=chunk) [Prior-Year Period Performance Review](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) The company reported a net loss in the first half of 2024, with key metrics indicating negative profitability and earnings per share 2024 H1 Key Financial Data | Metric | Amount | | :--- | :--- | | **Total Profit** | -9.29 million RMB | | **Net Profit Attributable to Shareholders** | -9.23 million RMB | | **Net Profit after Non-recurring Items** | -10.02 million RMB | | **Earnings Per Share** | -0.03 RMB | [Analysis of Reasons for the Preliminary Loss](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The widening loss is attributed to persistent underperformance across all core business segments, including wine, degradable materials, pharmaceuticals, and film bags - The company's main business segments all underperformed during the reporting period[8](index=8&type=chunk): - **Wine business**: Continued to incur losses due to the sluggish domestic market - **Degradable materials business**: Failed to reverse losses as the main product, PBAT, faced intense market competition - **Pharmaceutical business**: Profitability declined due to a year-over-year decrease in both production volume and selling price of its core product, Compound Glycyrrhiza Tablets - **Film bag business**: As a new venture with a short operational history, it remains in a loss-making phase [Risk Warnings and Other Disclosures](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company confirms no major uncertainties affecting this forecast but advises that final figures will be detailed in the official semi-annual report - The company states that there are no material uncertainties that would affect the accuracy of this performance forecast[9](index=9&type=chunk) - Investors are advised that the forecast data is preliminary and the final financial data will be subject to the 2025 semi-annual report, urging caution regarding investment risks[10](index=10&type=chunk)

证券代码：600543 证券简称：莫高股份 公告编号：临 2025-35 甘肃莫高实业发展股份有限公司 关于为全资子公司提供担保的进展公告 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：甘肃莫高宏远农业科技有限公司（以下简称：莫高宏远） 本次担保金额：甘肃莫高实业发展股份有限公司（以下简称：公司）向 莫高宏远提供担保 2,000 万元 公司累计为莫高宏远提供的担保余额：4,000 万元 对外担保累计金额：截止本公告披露日，公司对外担保总额为 5,000 万元 本次担保是否有反担保：否 对外担保逾期的累计数量：无 一、担保情况概述 （一）担保额度审批情况 公司于2024年10月8日召开第十届董事会第十八次会议，审议通过了《关于 向全资子公司提供贷款担保的议案》，莫高宏远为公司全资子公司，同意公司为 其向金融机构申请贷款提供担保，担保总额度不超过2,000万元，期限不超过一 年。（具体内容详见公司于2024年10月9日披露的《第十届董事会第十八次会议 决议公告》，公告编号：临 2024-75及《关于为全 ...

证券代码：600543 证券简称：莫高股份 公告编号：临 2025-34 甘肃莫高实业发展股份有限公司 股票交易异常波动公告 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： ●甘肃莫高实业发展股份有限公司（以下简称"公司"）股票于 2025 年 6 月 16 日、2025 年 6 月 17 日、2025 年 6 月 18 日连续 3 个交易日内日收盘价格涨幅偏离值 累计达到 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波 动。 ●经公司自查并向控股股东及实际控制人核实，截至本公告披露日，公司、公 司控股股东甘肃省农垦集团有限责任公司（以下简称"甘肃农垦集团"）及实际控 制人甘肃省国有资产监督管理委员会（以下简称"甘肃省国资委"）不存在应披露 而未披露的重大信息。 一、股票交易波动的具体情况 1、经自查，公司目前生产经营活动正常。2024 年度公司实现营业收入 32,825.80 万元，扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入 1 31,220.37 万元，实现归属于上 ...

证券代码：600543 证券简称：莫高股份 公告编号：临 2025-33 甘肃莫高实业发展股份有限公司 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 （一）股东大会召开的时间：2025 年 6 月 18 日 （二）股东大会召开的地点：甘肃省兰州市安宁区莫高大道 33 号（莫高国 际酒庄）办公楼会议室 （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股份情况： | 1、出席会议的股东和代理人人数 | 265 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 129,842,527 | | 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（%） | 40.8565 | 审议结果：通过 表决情况： （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。 本次会议由公司董事会召集，公司董事长牛济军先生主持。本次会议以现场 方式和网络投票相 ...

北京德恒（兰州）律师事务所 关于甘肃莫高实业发展股份有限公司 2024 年年度股东大会 之 法律意见书 甘肃省兰州市城关区雁园路 601 号甘肃省商会大厦 A 座 15 层 电话：（0931）8260111 邮编：730030 关于甘肃莫高实业发展股份有限公司 2024 年年度股东大会法律意见书 北京德恒（兰州）律师事务所 关于甘肃莫高实业发展股份有限公司 2024 年年度股东大会之 法律意见书 37G20250055-00002 致：甘肃莫高实业发展股份有限公司 北京德恒（兰州）律师事务所（以下简称"本所"）受甘肃莫高实业发展股份 有限公司（以下简称"莫高实业""贵公司""公司"）委托，指派范文泽律师、 张昕律师（以下简称"本所律师"）出席贵公司 2024 年年度股东大会（以下简称"本 次股东大会"），并对本次股东大会的合法性出具法律意见书。 本所律师列席了贵公司本次股东大会，并根据本法律意见书出具日前已发生或 存在的事实和《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共 和国证券法》（以下简称《证券法》）、《上市公司股东会规则》以及《甘肃莫高 实业发展股份有限公司章程》（以下简称《公司章程》） ...

Group 1 - Mogo Co., Ltd. (stock code: 600543) experienced a trading halt today with a daily turnover rate of 2.67% and a transaction amount of 58.2 million yuan [2] - The stock was listed on the Shanghai Stock Exchange due to a daily price deviation of 10.00%, with a net buying amount of 23.82 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 51.64 million yuan, with a buying amount of 37.73 million yuan and a selling amount of 13.91 million yuan, resulting in a net buying of 23.82 million yuan [2] Group 2 - The largest buying brokerage was Aijian Securities Co., Ltd. at Shanghai Jinkang Road, with a buying amount of 11.92 million yuan, while the largest selling brokerage was Dongfang Caifu Securities Co., Ltd. at Lhasa East Ring Road, with a selling amount of 3.62 million yuan [2] - The stock saw a net inflow of 32.54 million yuan from main funds today, with a significant single net inflow of 38.11 million yuan and a large single fund outflow of 5.57 million yuan [2] - Over the past five days, the net inflow of main funds reached 71.57 million yuan [2] Group 3 - The company reported its Q1 earnings on April 29, showing a total revenue of 61.52 million yuan, a year-on-year decrease of 24.08%, and a net profit of -10.01 million yuan [2]

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]

证券代码：600543 证券简称：莫高股份 公告编号：临 2025-32 甘肃莫高实业发展股份有限公司 关于变更办公地址及联系电话的公告 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。 因经营需要，甘肃莫高实业发展股份有限公司（以下简称"公司"）于近日 搬迁至新办公场所。为便于投资者交流，现将变更前后的办公地址及联系电话等 信息公告如下： | 变更事项 | 变更前 | 变更后 | | --- | --- | --- | | 办公地址 | 甘肃省兰州市城关区东岗西路 | 甘肃省兰州市安宁区莫高大道 33 号 | | | 638 号兰州财富中心 23 层 | 莫高国际酒庄 | | 邮编 | 730030 | 730070 | | 电话 | 0931-8776209 | 0931-4525797 | | 传真 | 0931-4890543 | 0931-4525797 | 除上述变更外，公司电子邮箱及官方网站等其它信息均保持不变，敬请投资 者留意。由此给投资者带来的不便，敬请谅解。 特此公告。 甘肃莫高实业发展股份有限公司 董 事 ...

股东会议事规则 甘肃莫高实业发展股份有限公司股东会议事规则 甘肃莫高实业发展股份有限公司 （审议稿） 甘肃莫高实业发展股份有限公司股东会议事规则 二○二五年五月 目 录 第九章 附 则 1 第一章 总 则 第二章 股东的权利和义务 第三章 股东会的性质和职权 第四章 股东会的召开 第五章 股东会的议事内容及提案 第六章 股东会的议事程序和决议 第七章 股东会记录 第八章 股东会决议的执行和信息披露规定 甘肃莫高实业发展股份有限公司股东会议事规则 第一章 总 则 第一条 为维护甘肃莫高实业发展股份有限公司（以下简称 "公司"）及公司股东的合法权益，明确股东会的职责权限，保证 股东会依法行使职权，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、中国证券监督管理委员会（以下简称"中国证监会"）和 上海证券交易所规范性文件和《甘肃莫高实业发展股份有限公司 章程》（以下简称"《公司章程》"）的规定，制定本规则。 第二章 股东的权利和义务 第二条 公司股东为依法持有公司股份的自然人和法人。股 2 甘肃莫高实业发展股份有限公司股东会议事规则 东按其持有的股份类 ...