上海妙可蓝多食品科技股份有限公司 关于为全资子公司提供担保的进展公告 证券代码：600882 证券简称：妙可蓝多 公告编号：2024-025 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：海南新芝仕食品科技有限公司（以下简称"海南新芝仕"）， 为上海妙可蓝多食品科技股份有限公司（以下简称"公司"）全资子公司。 本次担保金额及已实际为其提供的担保余额：公司本次就海南新芝仕获 取美元贷款向平安银行股份有限公司珠海分行（以下简称"平安银行珠海分行"） 申请开立保函的金额为 720.00 万美元，公司向平安银行珠海分行开立前述保函 提供担保，截至本公告披露日，公司为海南新芝仕已实际提供的担保余额为人民 币 40,000.00 万元（不含本次）。 特别风险提示：本次担保事项的被担保人海南新芝仕为公司全资子公司， 其资产负债率超过 70%，敬请各位投资者关注风险。 2023-108）。上述审议额度不等于公司实际的担保金额，实际担保金额在上述审 议额度内视公司和子公司具体经营需求确定。 2024年4月7日，公司根 ...

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 证券代码：600882 证券简称：妙可蓝多 公告编号：2024-024 上海妙可蓝多食品科技股份有限公司 2024 年 1 月 4 日，妙可蓝多及全资子公司广泽乳业有限公司（以下简称"广 泽乳业"）分别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 定制第一期产品 66"，产品期限 87 天，起息日 2024 年 1 月 4 日，金额分别为 32,100 万元、10,300 万元。具体内容详见公司于 2024 年 1 月 6 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 管理的进展公告》（公告编号：2024-009）。该产品已于 2024 年 3 月 31 日到期， 截至本公告披露日，公司已分别赎回本金 32, ...

| --- | --- | |-------------------------------------------------------------|-------------| | 股票数据 | | | 03 [ Table_StockInfo 月 29 日收盘价（元） ] | 13.36 | | 52 周股价波动（元） | 11.00-30.06 | | 总股本 / 流通 A 股（百万股） | 514/512 | | 总市值 / 流通市值（百万元） | 6864/6841 | | 相关研究 | | | [Table_ReportInfo] 《疫情扰动收入承压，龙头份额持续攀升》 | | | 2023.03.28 | | | --- | |----------------------------| | | | Tel:(021)23183952 | | Email:yhj12866@haitong.com | | 证书 :S0850520020001 | | 分析师 : 程碧升 | | Tel:(021)23185685 | | Email:cbs10969@haitong.com | | 证书 :S0 ...

公司动态点评 P.3 请仔细阅读本报告末页声明 本报告署名分析师在此声明：本人具有中国证券业协会授予的证券投资咨询执业资格或相当的专业胜任能力，在执业过程中恪守独立诚 信、勤勉尽职、谨慎客观、公平公正的原则，独立、客观地出具本报告。本报告反映了本人的研究观点，不曾因，不因，也将不会因本 报告中的具体推荐意见或观点而直接或间接接收到任何形式的报酬。 执业证书编号：S1070523110001 公司动态点评 长城证券股份有限公司（以下简称长城证券）具备中国证监会批准的证券投资咨询业务资格。 妙可蓝多（600882.SH） | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------|-------|-------|-------|-------|-------|------------------------------------------|----------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（首次评级） | | | 营业收入（百万元） | 4,830 ...

证券代码：600882 证券简称：妙可蓝多 公告编号：2024-023 全部到账。 2024 年 1 月 5 日，公司全资子公司广泽乳业、吉林市广泽乳品有限公司（以 下简称"吉林乳品"）使用部分闲置募集资金分别购买了"利多多公司稳利 24JG5026 期（三层看涨）人民币对公结构性存款"，产品期限均为 82 天，起息 日 2024 年 1 月 5 日，金额均为 10,000 万元。具体内容详见公司于 2024 年 1 月 6 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的进展公告》（公告编号：2024-009）。该产品已于 2024 年 3 月 27 日到期，截至本公告披露日，公司已分别赎回本金 10,000 万元、10,000 万元，并分别获得收益 580,833.33 元、580,833.33 元，收益符合预期，本金及收 益已全部到账。 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 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting significant stock price appreciation over the next six months [5]. Core Insights - The company reported a total revenue of 4.049 billion yuan for 2023, a year-on-year decrease of 16.16%, and a net profit attributable to shareholders of 63.44 million yuan, down 53.90% year-on-year [1]. - In Q4 2023, the company achieved a total revenue of 974 million yuan, a decline of 2.65% year-on-year, but the net profit turned positive at 30 million yuan, compared to a loss of 6 million yuan in Q4 2022 [1]. - The cheese market in China is still in its early growth stage, with the company holding the leading market shares of 36.8% for cheese and 42.8% for cheese sticks in 2023, both showing slight increases from 2022 [1]. Financial Performance Summary - The company's gross margin for 2023 was 29.24%, down 4.91 percentage points year-on-year, while the net margin was 1.97%, down 1.62 percentage points [1]. - The company’s revenue from cheese, liquid milk, and trade for 2023 decreased by 19%, 4%, and 5% year-on-year, respectively, while the revenue from ambient cheese sticks and industrial cheese for the catering sector increased [1]. - The company’s net profit for 2024 is projected to be 125.15 million yuan, representing a growth rate of 97.28% compared to 2023 [7]. Market and Strategic Insights - The company is actively optimizing its distribution channels, reducing the number of distributors to 5,036 by the end of 2023, while expanding its presence in e-commerce and instant retail platforms [1]. - The report highlights the company's strong product development capabilities, with new product launches in 2023 including organic cheese and mousse cheese cups [1]. - The company’s operating cash flow improved significantly in 2023, reaching 279.15 million yuan, compared to a negative cash flow in 2022 [7].

证券代码：600882 证券简称：妙可蓝多 公告编号：2024-022 上海妙可蓝多食品科技股份有限公司 股权激励限制性股票回购注销实施公告 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： | 回购股份数量（万股） | 注销股份数量（万股） | 注销日期 | | | | | --- | --- | --- | --- | --- | --- | | 24.00 | 24.00 | 2024 年 | 4 | 月 | 1 日 | 一、本次限制性股票回购注销的决策与信息披露 2024 年 1 月 4 日，公司召开第十一届董事会第二十四次会议和第十一届监 事会第二十三次会议，审议通过《关于回购注销部分限制性股票和注销部分股票 期权的议案》，根据公司 2020 年第五次临时股东大会的授权，相关事项无需再提 交股东大会审议。鉴于公司 2020 年股票期权与限制性股票激励计划中，1 名获 授限制性股票的激励对象离职，公司决定对其已获授但尚未解除限售的共 24.00 万股限制性股票进行回购并注销。有关本事项的具体内容详见公司于 ...

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 股权激励限制性股票回购注销实施事项之 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 上海市锦天城律师事务所 法律意见书 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 股权激励限制性股票回购注销实施事项之 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（以下简称"本所"）接受上海妙可蓝多食品科技 股份有限公司（以下简称"公司"或"妙可蓝多"）的委托，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"） 《上市公司股权激励管理办法》（以下简称"《管理办法》"）等法律、行政法 规、部门规章及其他规范性文件和《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 2020 年股票期权与限制性股票激励计划（修订稿）》（以下简称"《激励计划 ...

Investment Rating - The investment rating for the company is "Buy" with a maintained rating for the next six months [10][17]. Core Insights - The company reported a revenue of 4.05 billion yuan in 2023, a year-on-year decrease of 16.16%, and a net profit attributable to the parent company of 0.63 billion yuan, down 53.90% year-on-year [7][10]. - In Q4 2023, the company achieved a revenue of 0.974 billion yuan, a slight year-on-year decrease of 2.65%, but a significant increase in net profit attributable to the parent company of 0.30 billion yuan, up 588.4% year-on-year [2][7]. - The company is focusing on product innovation and channel optimization to explore new growth points, expecting a gradual recovery in performance as raw material pressures ease [17]. Financial Performance Summary - The company's revenue for 2023 was 4,049.03 million yuan, with a projected revenue of 4,618.32 million yuan for 2024, indicating a growth rate of 14.06% [3][20]. - The net profit attributable to the parent company for 2023 was 63.44 million yuan, with projections of 169.26 million yuan for 2024, reflecting a growth rate of 166.81% [3][20]. - The company's EBITDA for 2023 was 243.42 million yuan, with expectations to rise to 416.23 million yuan in 2024 [3][20]. Market Position and Strategy - The company remains a leader in the cheese market, with a market share increase despite a revenue decline in its ready-to-eat nutrition series, which saw a revenue drop of 23.93% [8]. - The company is implementing four core strategies: product leadership, brand positioning, channel refinement, and management upgrades to navigate the challenging market environment [8][17].

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 13.74 yuan [9]. Core Views - The company reported a 2023 annual revenue of 4.049 billion yuan, a year-on-year decrease of 16.2%. The net profit attributable to the parent company was 63.44 million yuan, down 53.9% year-on-year, while the non-recurring net profit was 7.17 million yuan, an increase of 89.6% year-on-year, exceeding previous performance forecasts [8]. - In Q4 2023, the company achieved a revenue of 970 million yuan, a year-on-year decline of 2.7%, with net profits turning positive at 29.56 million yuan and non-recurring net profits at 9.08 million yuan [8]. - The company faced a decline in C-end sales and a slowdown in B-end sales, but launched a new cheese snack series in Q4 to refresh its product line [8]. - The cheese segment saw a revenue of 3.137 billion yuan, down 18.9% year-on-year, while the trading and liquid milk segments reported revenues of 567 million yuan and 333 million yuan, down 5.4% and 4.3% respectively [8]. - The company is actively expanding its new retail channels and has reduced the number of distributors to 5,036 by the end of 2023, covering approximately 800,000 retail terminals [8]. - The gross margin for 2023 was 29.24%, a decrease of 4.92 percentage points year-on-year, primarily due to rising costs of key raw materials [8]. - The report forecasts net profits for 2024, 2025, and 2026 to be 126 million yuan, 175 million yuan, and 231 million yuan respectively, with year-on-year growth rates of 98.4%, 39.3%, and 31.7% [8]. Financial Summary - The total revenue for 2023 was 4.049 billion yuan, with projected revenues of 4.722 billion yuan, 5.639 billion yuan, and 6.791 billion yuan for 2024, 2025, and 2026 respectively [10]. - The net profit for 2023 was 63 million yuan, with projections of 126 million yuan, 175 million yuan, and 231 million yuan for the following years [10]. - The report indicates a decrease in the company's profit margins, with a net profit margin of 1.57% for 2023, down 1.24 percentage points year-on-year [8].