证券代码：600882 证券简称：妙可蓝多 公告编号：2024-058 上海妙可蓝多食品科技股份有限公司 关于现金收购内蒙古蒙牛奶酪有限责任公司 100%股权进展 暨完成工商变更登记的公告 注册资本：46,800.00 万人民币 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。 上海妙可蓝多食品科技股份有限公司（以下简称"公司"）分别于 2024 年 6 月 12 日及 2024 年 6 月 28 日召开第十一届董事会第三十一次会议、第十一届监 事会第二十六次会议及 2024 年第二次临时股东大会，审议通过《关于现金收购 内蒙古蒙牛奶酪有限责任公司 100%股权暨关联交易的议案》，公司拟以人民币 44,768.241176 万元现金收购控股股东内蒙古蒙牛乳业（集团）股份有限公司（以 下简称"内蒙蒙牛"）所持有的内蒙古蒙牛奶酪有限责任公司（以下简称"蒙牛 奶酪"）100%股权（以下简称"本次交易"），相关事项的具体内容详见公司 2024 年 6 月 13 日披露的《关于现金收购内蒙古蒙牛奶酪有限责任公司 100%股权暨 关联交易的 ...

证券代码：600882 证券简称：妙可蓝多 公告编号：2024-057 上海妙可蓝多食品科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理到期赎回并 继续进行现金管理的公告 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、 本次现金管理到期赎回的情况 2024 年 4 月 15 日，公司全资子公司广泽乳业有限公司（以下简称"广泽乳 业"）使用部分闲置募集资金购买了"利多多公司稳利 24JG5426 期（三层看涨） 人民币对公结构性存款"，产品期限 90 天，起息日 2024 年 4 月 17 日，金额 8,000 万元。具体内容详见公司于 2024 年 4 月 16 日在上海证券交易所网站 （www.sse.com.cn）及公司指定信息披露媒体《中国证券报》《上海证券报》《证 券时报》《证券日报》披露的《关于使用部分暂时闲置募集资金进行现金管理到 期赎回并继续进行现金管理的公告》（公告编号：2024-026）。该产品已于 2024 年 7 月 17 日到期，截至本公告披露日，公司已赎回本金 8,00 ...

证券代码：600882 证券简称：妙可蓝多 公告编号：2024-056 上海妙可蓝多食品科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理到期赎回并 继续进行现金管理的公告 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、 本次现金管理到期赎回的情况 2024 年 4 月 15 日，公司全资子公司广泽乳业有限公司（以下简称"广泽乳 业"）使用部分闲置募集资金购买了"2024 年挂钩汇率对公结构性存款定制第四 期产品 271"，产品期限 90 天，起息日 2024 年 4 月 15 日，金额 14,000 万元。具 体内容详见公司于 2024 年 4 月 16 日在上海证券交易所网站（www.sse.com.cn） 及公司指定信息披露媒体《中国证券报》《上海证券报》《证券时报》《证券日报》 披露的《关于使用部分暂时闲置募集资金进行现金管理到期赎回并继续进行现金 管理的公告》（公告编号：2024-026）。该产品已于 2024 年 7 月 15 日到期，截至 本公告披露日，公司已赎回本金 14,000 ...

证券代码：600882 证券简称：妙可蓝多 公告编号：2024-055 上海妙可蓝多食品科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理到期赎回并 继续进行现金管理的公告 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、 本次现金管理到期赎回的情况 2024 年 6 月 3 日，公司全资子公司上海芝享食品科技有限公司（以下简称 "上海芝享"）使用部分闲置募集资金购买了"交通银行蕴通财富定期型结构性 存款 35 天（挂钩汇率看跌）"，产品期限 35 天，起息日 2024 年 6 月 6 日，金额 3,000 万元。具体内容详见公司于 2024 年 6 月 5 日在上海证券交易所网站 （www.sse.com.cn）及公司指定信息披露媒体《中国证券报》《上海证券报》《证 券时报》《证券日报》披露的《关于使用部分暂时闲置募集资金进行现金管理到 期赎回并继续进行现金管理的公告》（公告编号：2024-040）。该产品已于 2024 年 7 月 11 日到期，截至本公告披露日，公司已赎回本金 3,000 万元 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [13]. Core Views - The company is expected to see significant profit improvement in the first half of 2024 due to declining raw material costs and effective cost-reduction measures, with a projected net profit increase of approximately 128% to 215% year-on-year [9]. - The integration of Mengniu Cheese into the company's consolidated financial statements is anticipated to enhance revenue, despite Mengniu Cheese's recent negative net profit [2][10]. - The company is focusing on new product launches and marketing strategies to boost sales, particularly in the adult and children's snack segments [11]. Financial Summary - The forecasted net profits for 2024 to 2026 are 142 million, 177 million, and 215 million yuan respectively, with corresponding EPS of 0.28, 0.34, and 0.42 yuan [3]. - The current stock price is 12.85 yuan, with a PE ratio projected to decrease from 46x in 2024 to 31x in 2026, reflecting a favorable valuation trend [3][14]. - The company reported a significant increase in gross margin due to a decrease in the price of imported cheese and a reduction in expense ratios [1].

Investment Rating - The investment rating for the company is "Buy" (maintained) [4][10]. Core Insights - The company's profitability continues to improve, with a significant enhancement in its product matrix. The cost side is being optimized, leading to a noticeable increase in profitability. The company is actively launching new cheese snack products while solidifying its core cheese stick offerings. It is expected that revenue will show steady growth in Q2 2024, supported by an expansion of distribution channels and consumer cultivation efforts [4][5][10]. - The company is set to consolidate with Mengniu Dairy's cheese business, which has a solid B-end operation and strong channel resources. This integration is anticipated to enhance operational efficiency and achieve a turnaround to profitability by the end of the year [5][10][29]. Summary by Relevant Sections Financial Performance - The company forecasts a significant increase in net profit for H1 2024, estimated between 65 to 90 million yuan, representing a year-on-year growth of 128% to 215%. The net profit for Q2 2024 is expected to be between 24 to 49 million yuan, marking a substantial turnaround from a loss in the same period last year [29]. - Revenue projections for the upcoming years are as follows: 2023A at 4,049 million yuan, 2024E at 4,804 million yuan (growth rate of 18.7%), 2025E at 5,611 million yuan (growth rate of 16.8%), and 2026E at 6,408 million yuan (growth rate of 14.2%) [12]. Earnings Forecast - The expected earnings per share (EPS) for the years 2024 to 2026 are projected at 0.24 yuan, 0.36 yuan, and 0.51 yuan respectively, with corresponding price-to-earnings (PE) ratios of 53, 35, and 25 times [10][12]. Market Position - The company is recognized as a leading player in the cheese sector, focusing on expanding its range of ambient cheese stick products to capture new market segments. The integration with Mengniu Dairy is expected to enhance business synergy and operational efficiency, further improving profitability as production capacity ramps up and cost control measures take effect [10][29].

Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between 65 million to 90 million yuan, representing a year-on-year increase of approximately 128% to 215% compared to 28.57 million yuan in the same period last year [13]. - The net profit attributable to shareholders of the parent company for the first half of 2023 was 28.57 million yuan, with a total profit of 37.73 million yuan [24]. - The net profit excluding non-recurring gains and losses for the first half of 2024 is expected to be between 45 million to 70 million yuan, a significant increase of approximately 1,532% to 2,439% compared to 2.76 million yuan in the same period last year [23]. Factors Influencing Profit - The increase in profit is attributed to a decrease in government subsidies received and a low base from the previous year [25]. - The company has implemented cost reduction and efficiency improvement measures, leading to a decrease in sales and management expense ratios compared to the previous year [6]. - The gross profit margin has increased compared to the same period last year due to a decrease in raw material procurement costs [6]. Performance Forecast Validity - The company assures that there are no significant uncertainties affecting the accuracy of this performance forecast [19]. - The performance forecast data has not been audited by a registered accountant [17]. - The company emphasizes that the forecast is applicable only if it achieves profitability and a net profit increase of over 50% compared to the same period last year [22]. - The preliminary forecast data is subject to confirmation in the official semi-annual report to be released in 2024 [10].

Investment Rating - The report assigns a rating of "Accumulate" to the company, with a target price based on the latest closing price of 12.47 CNY, corresponding to a P/E ratio of 51/36/27 for the years 2024-2026 [31][35]. Core Insights - The company plans to acquire 100% equity of Mengniu Cheese from its controlling shareholder for approximately 448 million CNY, which is expected to enhance operational efficiency and profitability [2][32]. - The integration of Mengniu Cheese is anticipated to create better scale effects, leading to improved revenue and performance synergies, particularly in the cheese market, which has significant growth potential in China [4][5]. - The company has launched new products, including cheese sticks and mousse cheese cups, and aims to expand its consumer base from children to adults, enhancing its second growth curve through innovative cheese products [17][35]. Summary by Sections Acquisition Details - The acquisition cost for Mengniu Cheese is approximately 448 million CNY, with the net asset value of Mengniu Cheese at 438 million CNY, indicating a reasonable price-to-book ratio of 1x [32]. - The acquisition is expected to accelerate domestic cheese production and R&D, reducing reliance on imported raw materials [32]. Financial Performance - The company experienced a revenue decline of 16.2% in 2023 but is projected to recover with a revenue growth of 28.3% in 2024, reaching 5.197 billion CNY [19][21]. - The net profit is expected to improve significantly, with a forecasted increase of 92.7% in 2024, resulting in a net profit of 122 million CNY [19][21]. Market Position and Strategy - The company maintains a leading market share in the cheese retail market, with its cheese sticks being a major revenue contributor [17]. - The focus on B-end catering channels is expected to enhance brand recognition and product influence, particularly in the restaurant and baking sectors [32]. Future Outlook - The report expresses optimism about the company's long-term development prospects, driven by continuous innovation and market expansion in the cheese sector [5][35].

证券代码：600882 证券简称：妙可蓝多 公告编号：2024-053 上海妙可蓝多食品科技股份有限公司 2024 年第二次临时股东大会决议公告 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：2024 年 6 月 28 日 1、公司在任董事 9 人，出席 3 人，董事陈易一先生、张平先生、付玉贵先 生，独立董事韦波女士、江华先生、武楠先生因工作原因未能出席本次会议； 2、公司在任监事 3 人，出席 1 人，监事邹士学先生、张丽平女士因工作原 因未能出席本次会议； 3、公司董事会秘书谢毅女士出席本次会议，高级管理人员列席会议。 二、议案审议情况 (一)非累积投票议案 (二)股东大会召开的地点：上海市浦东新区金桥路 1398 号金台大厦 4 楼 (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 | 19 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（ ...

上海市锦天城律师事务所 关于上海妙可蓝多食品科技股份有限公司 2024 年第二次临时股东大会的 2024 年第二次临时股东大会的 法律意见书 致：上海妙可蓝多食品科技股份有限公司 上海市锦天城律师事务所 关于上海妙可蓝多食品科技股份有限公司 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海妙可蓝多食品科技股份有限公司（以下简称"公司"）2024 年第二次临 时股东大会于 2024 年 6 月 28 日（星期五）14 点 30 分在上海市浦东新区金桥路 1398 号金台大厦 4 楼如期召开。上海市锦天城律师事务所经公司聘请委派周绮 丽律师、季培雯律师列席现场会议，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《上市公司股东大会规则（2022 年修订）》（以下简称"《股 东大会规则》"）等法律法规、其他规范性文件以及《上海妙可蓝多食品科技股 份有限公司章程》（以下简称"《公司章程》"）、《上海妙可蓝多食品科技股 份有限公司股东大会议事规则》（以下简称"《议事规则》"）的规定，就 ...