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、准确性和完整性依法承担法律责任。 紫燕食品集团股份有限公司（以下简称"公司"）分别于 2025 年 4 月 16 日 和 2025 年 5 月 8 日召开第二届董事会第十次会议和 2024 年年度股东会，会议审 议通过了《关于变更公司名称、注册资本及修订<公司章程>并办理变更登记的议 案》，具体内容详见公司披露于上海证券交易所网站(www.sse.com.cn)的《关于 变更公司名称、注册资本及修订<公司章程>和公司治理制度的公告》（公告编号： 2025-020）。 近日，公司已完成工商变更登记手续，并取得了上海市市场监督管理局换发 的《营业执照》，变更后的相关工商登记信息如下： 名称： 紫燕食品集团股份有限公司 统一社会信用代码：91310112630574703Q 证券代码：603057 证券简称：紫燕食品 公告编号：2025-053 紫燕食品集团股份有限公司 关于完成工商变更登记并换发营业执照的公告 类型：股份有限公司（上市、自然人投资或控股） 法定代表人： 戈吴超 成立日期： 2000 年 06 月 ...

Investment Rating - The report maintains a "Recommended" rating for the food and beverage industry, particularly highlighting opportunities in the liquor sector and food products [1] Core Insights - The liquor industry is undergoing extreme pressure testing, with a significant focus on inventory clearance and bottoming out of financial reports. The second quarter has shown weak demand due to seasonal factors and regulatory impacts, leading to a notable decline in sales and pricing pressures [5][10] - High-end liquor brands like Moutai are expected to maintain growth, while mid-tier brands face challenges with declining revenues and profits. The overall industry is in a deep clearance phase, with potential for recovery as regulations stabilize [5][12] - The consumer goods sector shows mixed performance, with snacks and beverages remaining strong, while other segments like frozen foods and chain restaurants face ongoing demand pressures [20][25] Summary by Sections 1. Liquor Sector - The liquor industry is experiencing extreme pressure, with weak demand in the second quarter and significant inventory levels. Major brands like Moutai and Wuliangye are expected to show modest growth, while others like Yanghe and Luzhou Laojiao are facing declines [5][11][12] - Moutai's revenue is projected to grow by 7% in Q2, while Wuliangye is expected to see a 1% increase. In contrast, brands like Yanghe and Luzhou Laojiao are forecasted to decline by 35% and 8% respectively [11][12] 2. Consumer Goods - The overall demand for consumer goods remains weak, but segments like snacks and beverages are performing well. For instance, East Peak is expected to see a 33% increase in revenue, while other snack brands are also showing positive trends [20][25] - The beverage sector is projected to see positive growth, with major brands like Qingdao Beer and Yanjing expected to report increases in revenue and profit [25][26] 3. Investment Recommendations - The report suggests focusing on high-performing stocks in the short term while considering long-term investments in liquor brands that are currently at their bottom. Brands like Moutai and Gujing are recommended for their lower risk profiles [7][8] - For consumer goods, companies like Anqi and East Peak are highlighted for their growth potential, while traditional dairy brands like Yili and Mengniu are suggested for a bundled investment approach [7][8]

Core Viewpoint - Ziyan Food (603057) has experienced a decline in stock price, closing at 21.06 yuan, down 6.28% from the previous week, with a current market capitalization of 8.709 billion yuan [1] Company Announcements - The company has recovered 57 million yuan of principal from cash management products and continues to invest 35 million yuan in bank wealth management products [1] - The investment in bank wealth management products is managed by Bank of Communications, with a term of 29 days [1] - The board of directors approved the use of idle raised funds for cash management to enhance fund utilization efficiency and provide better returns for the company and its shareholders [1] - As of March 31, 2025, the company's monetary funds amounted to 449.1525 million yuan, with the cash management amount of 35 million yuan accounting for 7.79% of the total monetary funds [1]

证券代码：603057 证券简称：紫燕食品 公告编号：2025-052 上海紫燕食品股份有限公司 关于使用部分闲置募集资金进行现金管理到期收回 并继续进行现金管理的进展公告 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： 一、现金管理到期收回情况 公司分别于 2025 年 6 月 3 日购买招商银行结构性存款 2,200 万元, 2025 年 现金管理到期收回情况：上海紫燕食品股份有限公司（以下简称"公司"）于近 日到期收回部分募集资金现金管理产品本金合计5,700万元，收到收益6.58万元。 继续进行现金管理进展情况： 投资种类：银行理财产品 投资金额：3,500 万元 现金管理受托方：交通银行 现金管理期限：29 天 履行的审议程序：2025 年 4 月 16 日召开了第二届董事会第十次会议和第二 届监事会第九次会议，审议通过了《关于使用部分闲置募集资金进行现金管 理的议案》。董事会授权管理层在经批准的现金管理额度、投资的产品品种 和决议有效期限内决定拟购买的具体产品并签署相关合同文件，具体执行事 项由公司 ...

Core Insights - The article highlights the comprehensive quality control measures implemented by Ziyan Food, which ensure food safety and product quality from raw material selection to consumer feedback [1][9][14] - Ziyan Food's successful product offerings, particularly the popular "Husband and Wife Lung Slices," contribute significantly to its revenue, showcasing the effectiveness of its quality management practices [7][14] Group 1: Quality Control Measures - Ziyan Food has established a closed-loop quality control system that encompasses raw material selection, production processes, cold chain logistics, and store management [1][9] - The company collaborates with major suppliers like Wens Foodstuffs Group and COFCO to secure high-quality raw materials through long-term agreements [7][9] - A rigorous three-party acceptance system is in place for raw materials, ensuring only those that meet strict quality standards enter the production phase [7][9] Group 2: Production and Innovation - Ziyan Food combines traditional techniques with modern technology to optimize its production processes, ensuring consistent taste and quality [8][10] - The company is expanding its product range beyond traditional flavors to cater to diverse regional preferences across China [8][14] - The establishment of high-standard production bases enhances operational efficiency and product consistency [10][11] Group 3: Logistics and Distribution - Ziyan Food employs a self-built cold chain logistics fleet to ensure efficient and safe delivery of products from factories to stores [10][11] - Advanced technologies such as IoT and GPS tracking are utilized to monitor product conditions during transportation, maintaining freshness and safety [10][12] - The company has developed a supply chain system that allows for rapid order fulfillment, enhancing customer satisfaction [11][12] Group 4: Consumer Engagement and Feedback - Ziyan Food has implemented a digital management ecosystem that integrates various systems for real-time data analysis and operational efficiency [12][14] - The company actively collects consumer feedback through in-store evaluation machines, allowing for quick responses to customer needs [14] - A comprehensive food safety training program has been initiated to reinforce safety standards across all operational levels [14]

Core Points - Purple燕食品 reported a revenue decline in its 2024 annual report, with total revenue approximately 3.363 billion yuan, a year-on-year decrease of 5.28% [3] - The company achieved a net profit of about 346 million yuan, reflecting a year-on-year increase of 4.5% [3] - Vice President Zhou Qingxiang's salary for 2024 was 829,900 yuan, the lowest among the three vice presidents [3] - Zhou's salary has shown an upward trend over the past five years but has remained below one million yuan, with a decrease from 869,300 yuan in 2023 to 829,900 yuan in 2024 [3] - Zhou Qingxiang has a background in various managerial roles and attended a ceremony to strengthen the company's market presence in Central China [3][4]

Core Viewpoint - The legal opinion letter confirms that Shanghai Ziyan Food Co., Ltd. has complied with necessary procedures for the repurchase and cancellation of restricted stocks as part of its 2024 incentive plan, in accordance with relevant laws and regulations [5][9]. Group 1: Legal Compliance and Procedures - The law firm conducted a thorough verification process, ensuring that all documents provided by the company were authentic, accurate, and complete [3][4]. - The company held board and supervisory meetings to approve the repurchase of restricted stocks on April 16, 2025, and disclosed the decision on April 18, 2025, with no objections from creditors during the public notice period [5][6]. Group 2: Repurchase and Cancellation Details - The repurchase involves 173 individuals, totaling 746,750 shares, primarily due to performance targets not being met, with the company reporting a revenue growth rate of -5.28% and a net profit growth rate of 4.88% for 2024 [8]. - The company has established a dedicated securities account for the repurchase and expects to complete the cancellation by June 19, 2025, reducing the total share capital from 414,260,500 shares to 413,513,750 shares [8]. Group 3: Conclusion and Legal Opinion - The legal opinion concludes that the repurchase and cancellation of restricted stocks are in compliance with the Company Law, Securities Law, and relevant regulations, confirming the legitimacy of the actions taken by the company [9].

Summary of Key Points Core Viewpoint - The company, Shanghai Ziyan Food Co., Ltd., announced the repurchase and cancellation of 746,750 restricted stocks due to the departure of five incentive targets and the failure to meet performance targets for the first release period of the 2024 restricted stock incentive plan [1][2][3]. Group 1: Reasons for Repurchase and Cancellation - The repurchase and cancellation of restricted stocks were necessitated by the departure of five incentive targets who no longer qualified for the incentive program [3]. - The company did not meet the performance assessment targets for the first release period, with a revenue growth rate of -5.28% and a net profit growth rate of 4.88%, resulting in a 0% release ratio for the incentive stocks [4][5]. Group 2: Details of the Repurchase and Cancellation - A total of 173 incentive targets are involved in this repurchase, with 746,750 stocks to be canceled, of which a portion is due to unmet performance targets [4][5]. - The company has set up a dedicated securities account for the repurchase and expects the cancellation to be completed by June 19, 2025, reducing the total share capital from 414,260,500 shares to 413,513,750 shares [5]. Group 3: Company Commitments and Legal Compliance - The company assures that the decision-making process and information disclosure regarding the repurchase comply with relevant laws and regulations, and there are no violations of the rights of incentive targets or creditors [6]. - The legal opinion confirms that the repurchase and cancellation process has followed necessary procedures and is in accordance with the company's incentive plan and applicable regulations [6].

证券代码：603057 证券简称：紫燕食品 公告编号：2025-051 上海紫燕食品股份有限公司 2、2025 年 4 月 18 日，公司在上海证券交易所网站和指定媒体发布了《上海 紫燕食品股份有限公司关于回购注销限制性股票通知债权人的公告》（公告编号： 2025-023）。截至本公告日，公示期已满 45 天，公示期间公司未收到债权人关 于清偿债务或者提供相应担保的要求，也未收到任何债权人对本次回购事项提出 的异议。 3、2025 年 5 月 8 日，公司召开第二届董事会第十二次会议，审议通过了《关 回购注销原因：鉴于上海紫燕食品股份有限公司（以下简称"公司"）2024 年限 制性股票激励计划中 5 名激励对象因离职，不再具备激励对象资格。同时，2024 年限制性股票激励计划第一个解除限售期公司层面业绩未达到考核目标。根据《上 市公司股权激励管理办法》及公司《2024 年限制性股票激励计划》的规定，公司 对前述已获授但尚未解除限售的限制性股票合计 746,750 股予以回购注销。 本次注销股份的有关情况 于调整限制性股票回购价格的议案》，君合律师事务所上海分所出具了法律意见 书。具体内容详见公司于 2025 ...

上海石门一路 288 号兴业太古汇香港兴业中心一座 26 层 邮编：200041 电话：（86-21）5298 5488 传真：（86-21）5298 5492 junhesh@junhe.com 君合律师事务所上海分所 关于上海紫燕食品股份有限公司 2024 年限制性股票激励计划之部分限制性股票回购注销实施 的 法律意见书 致：上海紫燕食品股份有限公司 君合律师事务所上海分所（以下简称"本所"）为具有从事法律业务资格的 律师事务所。本所接受上海紫燕食品股份有限公司（以下简称"公司"）的委托， 就公司 2024 年限制性股票激励计划（以下简称"《激励计划》"或"本次激励计 划"）部分限制性股票回购注销实施情况 (以下简称"本次回购注销")，出具本 法律意见书。 本法律意见书根据《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》"）、《上海证券交易所股票上市规则》（以下简称"《上市规则》"） 等法律、法规和规范性文件的规定，按照律师行业公认的业务标准、道 ...