重要内容提示： 业绩预告的具体适用情形：归属于母公司所有者的净利润为负值 证券代码：600597 证券简称：光明乳业 公告编号：临 2026-006 号 光明乳业股份有限公司 2025 年度业绩预亏公告 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。 三、本期业绩预亏的主要原因 公司预计 2025 年度归属于母公司所有者的净利润为负值，主要原因如下： 2025 年度，公司海外子公司 Synlait Milk Limited（新西兰新莱特乳业有 限公司）（以下简称"新莱特"）生产基地出现生产问题，造成存货报废、生产 成本费用增加等直接损失较大，对新莱特当期损益造成影响，导致新莱特 2025 年度经营亏损。本公司持有新莱特 65.25%的股份，新莱特经营亏损导致本公司 归属于母公司净利润为负值。新莱特上述问题已基本得到解决。 经光明乳业股份有限公司（以下简称"公司"、"本公司"）财务部门初步 测算，预计 2025 年度，公司实现归属于母公司所有者的净利润为-18,000 万元 到-12,000 万元，与上年同期相比，将出现亏损。预 ...

南财智讯1月20日电，光明乳业公告，预计2025年度归属于上市公司股东的净利润为-18000万元 到-12000万元，与上年同期相比，将出现亏损。业绩预亏的主要原因是2025年度公司海外子公司新莱特 生产基地出现生产问题，造成存货报废、生产成本费用增加等直接损失较大，对新莱特当期损益造成影 响，导致新莱特2025年度经营亏损。本公司持有新莱特65.25%的股份，新莱特经营亏损导致本公司归 属于母公司净利润为负值。新莱特上述问题已基本得到解决。 ...

光明乳业公告，预计2025年净利润为-1.2亿元到-1.8亿元。上年同期为盈利7.22亿元。 （文章来源：第一财经） ...

Core Insights - The beverage and dairy sector experienced a slight decline of 0.18% on January 19, with Huanlejia leading the drop [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Sector Performance - The beverage and dairy sector saw mixed performances among individual stocks, with notable gainers including: - Quanyunquan (681009) with a closing price of 8.11, up 10.04% and a trading volume of 328,000 shares [1] - Xibumuy (300106) at 11.36, up 4.70% with 186,100 shares traded [1] - Zhuangyuanmucang (002910) at 12.02, up 4.34% with 226,300 shares traded [1] - Conversely, Huanlejia (300997) led the decline with a closing price of 26.12, down 5.09% and a trading volume of 225,400 shares [2] Capital Flow - The beverage and dairy sector experienced a net outflow of 48.59 million yuan from institutional investors, while retail investors saw a net inflow of 68.04 million yuan [2] - The capital flow for individual stocks showed: - Quanyunquan had a net inflow of 72.37 million yuan from institutional investors, but a net outflow from retail investors [3] - Yiyuan Beverage (600887) had a net inflow of 8.73 million yuan from institutional investors, with a slight net outflow from retail investors [3]

光明乳业股份有限公司 2026 年第一次临时股东会 会议资料 二零二六年一月 目 录 | 一、 | 2026 | 年第一次临时股东会现场会 | | --- | --- | --- | | 议议程 | 2 | | | 二、 | 2026 | 年第一次临时股东会现场会 | | 议须知 | 3 | | | 三、 | 2026 | 年第一次临时股东会投票注 | | 意事项 | 4 | | | 四、 | 关于选举张宇桢女士为公司普通 | | | 董事的提案 | 6 | | 1 光明乳业股份有限公司 2026 年第一次临时股东会现场会议议程 会议时间：2026 年 1 月 26 日（星期一）下午 2:00 会议地点：上海市闵行区合川路 2680 号 1 楼会议室 三、股东发言及股东提问。 四、与会股东和股东代表对提案投票表决。 五、会议休会（统计投票表决的结果）。 六、宣布表决结果。 七、宣读本次股东会法律意见书。 八、主持人宣布会议结束。 光明乳业股份有限公司 2026 年第一次临时股东会现场会议须知 为了维护投资者的合法权益，确保股东在本公司 2026 年第一次临时股东会 期间依法行使权利，保证股东会的正常秩序和议事 ...

Core Viewpoint - The 2025 China Enterprise ESG "Golden Responsibility Award" aims to recognize companies that have made significant contributions to ESG (Environmental, Social, and Governance) practices, with over 5,000 enterprises participating in the evaluation process [1][4]. Group 1: ESG Services and Initiatives - Sina Finance ESG Rating Center offers 14 ESG services, including information, reports, training, and consulting, to help listed companies promote ESG concepts and enhance their sustainable development performance [1][4]. - In 2025, many quality enterprises in China are actively practicing their responsibilities in environmental, social, and governance aspects, while domestic financial institutions are steadily advancing in the field of ESG responsible investment [1][4]. Group 2: Award Selection and Winners - The award selection process involved over three months of competition, combining ESG performance, professional evaluation scores, and online voting results [1][4]. - The winners of the 2025 China Enterprise ESG "Golden Responsibility Award" for Best Corporate Governance include Zijin Mining, SF Holding, ZTE Corporation, Industrial Fulian, JA Solar, SANY Heavy Industry, Nanjing Steel, Bright Dairy, TCL Zhonghuan, and Fuyao Glass [2][5]. Group 3: ESG Rating Center Overview - The Sina Finance ESG Rating Center is the first Chinese ESG professional information and rating aggregation platform, dedicated to promoting sustainable development and responsible investment [3][6]. - The center aims to establish ESG evaluation standards suitable for China's characteristics and promote the development of ESG investment in the asset management industry [3][6].

Market Overview - The beverage and dairy sector experienced a decline of 1.09% on January 13, with Huanlejia leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Individual Stock Performance - The top performer in the beverage and dairy sector was Quanyangquan, which rose by 2.82% to a closing price of 7.29, with a trading volume of 307,300 shares and a transaction value of 224 million [1] - Huanlejia saw the most significant decline, dropping 10.06% to a closing price of 28.60, with a trading volume of 258,700 shares and a transaction value of 803 million [2] - Other notable declines included Yangguang Dairy (-3.38%), Qishi Dairy (-3.26%), and Junyao Health (-2.85%) [2] Capital Flow Analysis - The beverage and dairy sector experienced a net outflow of 297 million from institutional investors, while retail investors saw a net inflow of 328 million [2] - The capital flow for individual stocks showed that Quanyangquan had a net outflow of 22.58 million from institutional investors, while Tianrun Dairy had a net inflow of 10.96 million [3] - Overall, retail investors contributed positively to several stocks, with notable inflows into Jiahua Food and Zhuangyuan Pasture [3]

Market Overview - The beverage and dairy sector increased by 0.25% compared to the previous trading day, with Pinwo Food leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Stock Performance - Notable gainers in the beverage and dairy sector included: - Aluminum Wine Foods (300892) with a closing price of 35.68, up 12.56% and a trading volume of 112,000 shares, totaling 380 million yuan [1] - Huanlejia (300997) closed at 31.80, up 6.32% with a trading volume of 248,700 shares, totaling 763 million yuan [1] - Zhuangyuan Pasture (002910) closed at 12.02, up 4.43% with a trading volume of 245,600 shares, totaling 290 million yuan [1] Capital Flow - The beverage and dairy sector experienced a net outflow of 74.61 million yuan from institutional investors, while retail investors saw a net inflow of 55.31 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Key stocks and their capital flow include: - Pinwo Food (300892) had a net outflow of 44.43 million yuan from institutional investors, with retail investors also showing a net outflow of 26.15 million yuan [3] - Zhuangyuan Pasture (002910) saw a net inflow of 15.69 million yuan from institutional investors, while retail investors had a net outflow of 11.63 million yuan [3] - Knight Dairy (920786) experienced a net inflow of 11.26 million yuan from institutional investors, with a small net inflow from retail investors [3]

Core Viewpoint - The company, Bright Dairy, is responding to regulatory inquiries regarding its proposed acquisition of the remaining 40% stake in its subsidiary, Xiaoxiniu, amidst concerns about the subsidiary's declining performance and unmet earnings commitments [1] Group 1: Acquisition Justification - The primary reason for the acquisition is to fulfill the 2021 agreement for the purchase of 60% of shares, as the seller, Huzhou Fuxin, has exercised its option to sell, and refusal could lead to breach of contract and litigation risks [1] - The company argues that the decline in Xiaoxiniu's performance is due to short-term factors, including a nationwide decrease in liquid milk market volume and value, as well as uncertainties from ongoing negotiations affecting management focus [1] Group 2: Strategic Significance - The acquisition is emphasized to have clear strategic significance, aiming to integrate Xiaoxiniu's quality milk sources and regional channels, thereby enhancing the company's market presence in the northwest [2] - The transaction price has been negotiated down to 500 million yuan, which corresponds to a lower price-to-earnings (PE) ratio compared to previous acquisitions and industry averages, ensuring the protection of the company's interests [2] - A prior performance compensation of 32.43 million yuan will be deducted from the transaction price, further safeguarding the company's rights and aligning with long-term development strategies and shareholder interests [2]

中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 3131020029202501229 | | | --- | --- | --- | | 合同编号: | 申威2025-0529(评报) | | | 报告类型: | 法定评估业务资产评估报告 | | | 报告文号: | 沪申威评报字(2025)第0906号 | | | 报告名称: | 光明乳业股份有限公司拟股权收购涉及的青海小西牛生物乳业股 份有限公司股东全部权益价值资产评估报告 | | | 评估结论: | 1,080,000,000.00元 | | | 评估报告日: | 2025年09月17日 | | | 评估机构名称: | 上海申威资产评估有限公司 | | | 童琦 签名人员: | (资产评估师) 正式会员 编号:31210072 | | | 徐志伟 | (资产评估师) 章琦、徐志伟已实名认可 | 正式会员 编号:31210135 | (可扫描二维码查询备案业务信息) 说明:报告备案回执仅证明此报告已在业务报备管理系统进行了备案,不作为 协会对该报告认证、认可的依据,也不作为资产评估机构及其签字资产评估专 业人员免除相关法律责任的依据。 备 ...