关于对上海贵酒股份有限公司 2024 年度财务报表出具带与持续经营相关的重大不确定性段 的保留意见审计报告的专项说明 中兴财光华审专字（2025）第 202114 号 上海贵酒股份有限公司全体股东： 我们接受委托，审计了上海贵酒股份有限公司（以下简称贵酒股份）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及公司资产负债表，2024 年度的 合并及公司利润表、合并及公司现金流量表、合并及公司股东权益变动表和财 务报表附注，并于 2025 年 4 月 18 日出具了保留意见的审计报告（中兴财光华审 会字（2025）第 202235 号），审计报告中包含与持续经营相关的重大不确定性 段。 关于对上海贵酒股份有限公司 2024 年度财务报表 出具带与持续经营相关的重大不确定性段的保留意见 审计报告的专项说明 中兴财光华审专字（2025）第 202114 号 根据中国证券监督管理委员会《公开发行证券的公司信息披露编报规则第 14 号——非标准审计意见及其涉及事项的处理（2020 年修订）》、《监管规则适 用指引——审计类第 1 号》以及《上海证券交易所股票上市规则（2024 年 4 月修 订）》的 ...

Group 1 - Yang Weiguo has been removed from his positions as Chairman of Yanghe Group and other related companies, raising concerns about management stability and strategic continuity in the industry [1] - Yanghe Co. announced on June 11 that Yang Weiguo resigned from the board and strategic committee due to work adjustments, effective until the end of the current board term [1] Group 2 - Wuliangye reported good growth in banquet market size and opening rates in the first half of the year, indicating a positive market performance [2] - The company is adapting its market strategy for its products, including direct distribution to 20 key cities to reduce logistics costs and enhance control over the terminal network [2] - Wuliangye is focusing on high-quality development and increasing market investment through membership systems and marketing activities to cultivate consumer engagement [2] Group 3 - *ST Yanshi has received a civil lawsuit regarding a service contract dispute, with the plaintiff seeking 25.75 million yuan [3] - The company has stated that it cannot assess the potential impact of the lawsuit on current or future profits as the case has not yet been formally heard [4]

Core Insights - The competitiveness of the Yangtze River Delta wine industry is fundamentally driven by the release of policy dividends, activation of geographical endowments, and the reconstruction of the industrial chain [12] Economic Overview - In 2024, the GDP of the Yangtze River Delta is projected to exceed 33 trillion yuan, contributing 25% of the national economic total with only 4% of the land [3] - The region accounts for approximately 17% of the national population and contributes about 30% to national economic growth [3] - In the first quarter of 2025, the GDP surpassed 8 trillion yuan, maintaining a strong position in the national economic landscape [3] Industry Performance - Anhui's liquor industry reported significant growth in 2024, with revenue from large enterprises reaching 37.58 billion yuan, a year-on-year increase of 9.2%, and total profits of 12.77 billion yuan, up 13.2% [4] - Jiangsu faced challenges with a 9.83% decline in liquor production and a 16.69% drop in profits, contrasting with the expansion of production capacity by major brands [4] - Zhejiang's yellow wine industry, which holds 57.02% of national production, has seen leading companies achieve growth through structural upgrades and market expansion [4] Challenges Faced - Shanghai's local brands are struggling, with Jin Feng Wine achieving a revenue of 578 million yuan, a mere 0.87% increase, while its net profit plummeted by 94.49% [5] - Shanghai Gui Jiu experienced an 82.54% revenue drop to 285 million yuan, resulting in a net loss of 217 million yuan due to issues like related party transactions and funding chain disruptions [5] - The overall industry faces challenges such as aging consumers in Zhejiang and insufficient penetration into younger markets [6] Strategic Insights - The integration strategy of the Yangtze River Delta aims to break down administrative barriers and inject new momentum into the wine industry [8] - The region's economic foundation and scale have fostered the rise of Su and Hui wines, with leading companies capturing over 60% of their respective provincial markets [7] - Experts suggest that the wine industry must shift from provincial strategies to a more integrated approach, leveraging the strengths of the entire region [10] Future Opportunities - The Yangtze River Delta's one-integration strategy presents a historic opportunity for the wine industry, emphasizing the need for collaboration and resource sharing among provinces [9] - Initiatives include establishing a smart brewing innovation chain, promoting integrated cultural tourism, and developing new green consumption scenarios [9] - The region's unique economic and demographic characteristics create a fertile ground for high-end consumption, with significant potential for growth in premium wine markets [8]

证券代码：600696 证券简称：*ST岩石 公告编号：2025－035 上海贵酒股份有限公司 关于涉及诉讼的公告 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: 一、诉讼的基本情况 上海贵酒股份有限公司（以下简称"公司"）于近日收到昆山市人民法院送达 的《民事起诉状》（（2025）苏0583民初11805号），星创艺（昆山）文娱有限 公司（以下简称"原告"）诉上海柠川文化传媒有限公司（以下简称"被告1"）、 上海贵酒股份有限公司（以下简称"被告2"）及上海柠萌影视传媒股份有限公司 （以下简称"被告3"）服务合同纠纷一案。 二、诉讼案件的主要内容 （一）事实与理由 （二）诉讼请求的内容 1、判令被告 1、被告 2 共同向原告支付已经实际于节目中播出的"最酒"品 牌商务推广权益费用 1000 万元; 2、判令被告 1、被告 2 共同向原告支付已完成但尚未播出的商务物料制作成 本 50 万元； 3、判令被告 1、被告 2 共同赔偿原告单方面解除案涉框架协议、终止品牌植 1 ● 案件所处的诉讼阶段：诉讼一审阶段 ● ...

Core Viewpoint - Shanghai Guijiu Co., Ltd. is involved in a financial loan dispute, facing a lawsuit from the Industrial and Commercial Bank of China regarding a loan agreement and related collateral contracts [2][3]. Summary by Sections Litigation Details - The lawsuit was filed by the Industrial and Commercial Bank of China against Shanghai Jundao Guine Liquor Co., Ltd. and Shanghai Guangnian Liquor Co., Ltd. for a financial loan contract dispute [2]. - The plaintiff claims that a loan of 30 million yuan was fully drawn by the first defendant, but both defendants failed to fulfill their repayment obligations as per the contract [2]. Claims and Requests - The plaintiff seeks repayment of the principal amount along with overdue interest from December 11, 2024, until the actual repayment date, with a maximum recovery amount of 52 million yuan from the auction or sale of specific real estate [2]. - The plaintiff also intends to exercise the pledge rights on accounts receivable related to the business operations at a specified location, with a maximum recovery amount of 30 million yuan [2]. Potential Impact on Company - The company faces risks of asset auction or sale due to the ongoing litigation, but the exact impact on current or future profits cannot be determined until the case is formally heard [2][3].

证券代码：600696 证券简称：*ST岩石 公告编号：2025－034 上海贵酒股份有限公司 二、诉讼案件的主要内容 （一）事实与理由 原告认为：原告与被告一签订了借款额度为3000万元的《网贷通循环借款合 同》，与被告二签署了《最高额抵押合同》及《最高额质押合同》。被告一已全 额提款，但两被告未按照合同约定履行相关还款义务。 （二）诉讼请求的内容 关于涉及诉讼的公告 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: 一、诉讼的基本情况 上海贵酒股份有限公司（以下简称"公司"）于近日收到上海市青浦区人民法 院送达的《民事起诉状》（（2025）沪0118民初5927号），中国工商银行股份有 限公司上海长三角一体化示范区支行（以下简称"原告"）诉上海君道贵酿酒业有 限公司（以下简称"被告一"）及上海光年酒业有限公司（以下简称"被告二"）金 融借款合同纠纷一案。 5、本案的诉讼费用由两被告承担。 三、本次公告的诉讼对公司本期利润或期后利润的可能影响 公司的资产可能存在被拍卖、变卖的风险。因本诉讼尚未正式开庭审理，暂 ...

Core Viewpoint - A-shares experienced a decline in major indices, with the Shanghai Composite Index down 0.72%, while the oil and gas sector saw significant gains, indicating a divergence in sector performance amidst overall market weakness [1] Market Performance - The three major A-share indices opened lower and continued to decline, with the Shanghai Composite Index down 0.72%, the Shenzhen Component down 1.15%, and the ChiNext Index down 1.14% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 912.2 billion yuan, an increase of 137 billion yuan compared to the previous trading day [1] Sector Analysis - The oil and gas sector surged, with multiple stocks hitting the daily limit, including Keli Co., which saw a 30% increase, and others like Shandong Molong, Xinjin Power, Dongfang Huanyu, and Intercontinental Oil & Gas also reaching their limits [1] - The precious metals sector also performed well, with Western Gold hitting the daily limit [1] - Conversely, the beauty and personal care sector faced significant declines, with companies like Huaye Fragrance and Shuiyang Co. dropping over 10% [1] - The liquor sector experienced a downturn, with *ST Yanshi hitting the limit down, and Jin Hui Liquor and Huangtai Liquor falling over 5%, leading to the liquor index reaching a four-month low, with the price of a 25-year-old Feitian Moutai bottle dropping to 1960 yuan [1]

证券代码：600696 证券简称：*ST岩石 公告编号：2025－033 上海贵酒股份有限公司 关于诉讼进展的公告 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: 二、诉讼案件的主要内容 （一）事实与理由 原告认为：原告与被告签订了《设备采购安装合同》，原告按约交付设备并 完成单机调试，被告未完全履行付款义务。 （二）变更诉讼请求的内容 1、诉请判令被告支付原告合同款 11,235.00 万元及自 2024 年 1 月 25 日至实 际支付之日利息（其中 5,778.00 万元按中国人民银行授权全国银行间同业拆借中 心公布的一年期贷款市场报价利率的 1.5 倍，自 2024 年 1 月 25 日计算至实际支 付之日利息；其中 5,457.00 万元按上述利率，自 2024 年 10 月 31 日起计算并至 实际支付之日利息）； 一、诉讼的基本情况 上海贵酒股份有限公司（以下简称"公司"）于2024年12月7日披露了原告 南通裕盛智能装备有限公司（以下简称"南通裕盛"）诉贵州高酱酒业有限公司 买卖合同纠纷一案，具 ...

Group 1 - The stock *ST Rock has experienced a significant increase, with 5 limit-up days within 7 trading days, resulting in a cumulative increase of 30.36% and a turnover rate of 26.52% [2] - As of 9:41, the stock's trading volume reached 5.5758 million shares, with a transaction amount of 43.1799 million yuan, and a turnover rate of 1.67% [2] - The latest total market capitalization of A-shares is 2.642 billion yuan [2] Group 2 - The stock has been listed on the Dragon and Tiger list due to a cumulative closing price deviation of 12% over three consecutive trading days, with a net buying amount of 15.0007 million yuan from the leading brokerage firms [2] - The company's Q1 report shows a total operating revenue of 0.015 billion yuan, a year-on-year decrease of 86.25%, and a net profit of -0.019 billion yuan, a year-on-year increase of 1.71% [2] Group 3 - Recent daily performance data indicates fluctuations in daily price changes and turnover rates, with notable net inflows and outflows of funds on specific dates [2]

88 Century Avenue, STE 1706 Jinmao Tower, Pudong District, Shanghai 上海融力天闻律师事务所 关于 上海贵酒股份有限公司 2024 年年度股东会的 法律意见书 二〇二五年五月 上海市浦东新区世纪⼤道 88 号⾦茂⼤厦 17 楼 上海融力天闻律师事务所 关于上海贵酒股份有限公司 2024 年年度股东会的法律意见书 致：上海贵酒股份有限公司 上海融力天闻律师事务所（以下简称"本所"）接受上海贵酒股份有限公司 （以下简称"公司"）的委托，指派本所律师列席公司于 2025 年 5 月 23 日召开 的 2024 年年度股东会（以下简称"本次股东会"），并依据《中华人民共和国公 司法》（以下简称"《公司法》"）、《上市公司股东会规则》等法律、法规和其 他规范性文件以及《上海贵酒股份有限公司章程》（以下简称"《公司章程》"）、 《上海贵酒股份有限公司股东大会议事规则》（以下简称"《股东大会议事规则》"） 的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师核查了公司提供的有关本次股东会的相关文 件，包括但不限于： 1.公司 2024 年第二次临时股 ...