公司于 2025 年 4 月 1 日购买交通银行结构性存款 3,500 万元。具体情况 详见公司于上海证券交易所网站（www.sse.com.cn）及指定媒体披露的相关公 告。 证券代码：603057 证券简称：紫燕食品 公告编号：2025-034 公司已于近日赎回上述募集资金现金管理到期产品，收回本金合计3,500 万元，收到收益 3.62 万元。具体情况如下： 注：以上数据计算尾差系四舍五入导致。 二、本次现金管理概况 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： 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 3,500 万元，收到收益 3.62 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：24 天 履行的审议程序：2025 年 4 月 16 日召开了第 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company's total revenue for 2024 is projected at 3.363 billion yuan, a year-on-year decrease of 5.28%. The net profit attributable to shareholders is expected to be 346 million yuan, an increase of 4.5%, while the net profit excluding non-recurring items is estimated at 281 million yuan, up 1.28% [2][4]. - In Q4 2024, the total revenue is expected to be 676 million yuan, down 7.88%, with a net profit of -2.489 million yuan, indicating a reduction in losses, and a net profit excluding non-recurring items of -20.282 million yuan, showing an increase in losses [2][4]. - For Q1 2025, the total revenue is projected at 564 million yuan, a decline of 18.86%, with a net profit of 15.218 million yuan, down 71.8%, and a net profit excluding non-recurring items of 5.003 million yuan, down 87.09% [2][4]. Summary by Sections Financial Performance - The company’s revenue and profit are under pressure, with a significant decline in Q1 2025 compared to the previous year. The revenue for 2025 is expected to continue facing challenges due to store closures and external factors affecting consumer behavior [10]. - The company plans to establish a processing base in Nepal to mitigate cost fluctuations, investing up to 500 million yuan in its subsidiary [10]. - The company aims to maintain a high dividend policy, proposing a cash dividend of 5.2 yuan per 10 shares, with a total cash dividend of 340 million yuan for 2024, resulting in a payout ratio of 98.04% [10]. Earnings Forecast - The forecast for net profit attributable to shareholders for 2025, 2026, and 2027 is 271 million yuan, 312 million yuan, and 364 million yuan respectively, with corresponding EPS of 0.65 yuan, 0.75 yuan, and 0.88 yuan. The price-to-earnings ratio is projected to be 35, 30, and 26 times respectively [10].

Core Viewpoint - Ziyan Food is expanding its international presence with the opening of its first North American store in New York and plans to invest 300 million yuan in a beef processing facility in Nepal, aiming to connect global consumers with high-quality Chinese cuisine [2][3]. Strategic Layout of Upstream Raw Materials - The stability of beef supply is crucial for Ziyan Food, which plans to establish a beef processing project in Nepal to ensure supply chain stability and control procurement costs, potentially exporting tens of thousands of tons of beef to China annually [3][4]. - The project has received support from the Chinese embassy in Nepal, highlighting the importance of international cooperation in enhancing trade [4]. Innovation and Growth Resilience - Ziyan Food reported a net profit of 346 million yuan in 2024, a year-on-year increase of 4.5%, demonstrating resilience amid industry challenges [4][5]. - The company focuses on differentiated positioning and enhanced R&D capabilities, particularly in the meal-oriented segment, which has higher entry barriers compared to snack-oriented products [4][5]. - The establishment of a research and innovation center in Lianyungang aims to tailor products to local tastes across various Chinese cities, with successful new products like spicy rabbit legs gaining popularity [4][5]. Overseas Expansion - The opening of the North American store marks a significant step in Ziyan Food's internationalization strategy, following successful store launches in Australia [6][7]. - The choice of developed markets like Australia for expansion is a strategic decision to align with the company's mid-to-high-end positioning and to leverage the mature market systems that reduce uncertainties [6][7]. - The company emphasizes the importance of localizing products to cater to foreign consumer preferences, such as offering boneless options for Western markets [6][7].

2024 年年度 股东大会会议资料 上海紫燕食品股份有限公司 2024 年年度股东大会 会议资料 二〇二五年五月八日 股东大会会议资料 2024 年年度 目录 | 上海紫燕食品股份有限公司 | | 2024 年年度股东大会会议须知 | 1 | | --- | --- | --- | --- | | 上海紫燕食品股份有限公司 | 2024 | 年年度股东大会会议议程 | 2 | | 议案一 | 2024 年度董事会工作报告 | | 4 | | 议案二 | 2024 年度监事会工作报告 | | 10 | | 议案三 | 2024 年度财务决算报告 | | 13 | | 议案四 | 2024 年度利润分配预案 | | 14 | | 议案五 | 2024 年年度报告及摘要 | | 15 | | 议案六 | 关于公司 2025 | 年度日常关联交易预计的议案 | 16 | | 议案七 | 2025 年度财务预算报告 | | 25 | | 议案八 | 关于公司董事 2025 | 年薪酬标准的议案 | 26 | | 议案九 | 关于续聘会计师事务所的议案 | | 27 | | 议案十 | | 关于公司向银行申请综合授信额度 ...

Group 1: Yanjing Beer - Yanjing Beer reported a revenue growth of 6.69% to 3.827 billion yuan in Q1 2025 [1] - The net profit attributable to shareholders increased by 61.1% to 165 million yuan [1] - The company achieved beer sales of 995,000 kiloliters, with the flagship product Yanjing U8 maintaining a growth rate of over 30% [1] Group 2: Shunxin Agriculture - Shunxin Agriculture's revenue decreased by 13.85% to 9.126 billion yuan in 2024 [2] - The net profit attributable to shareholders increased by 178.20% to 231 million yuan [2] - Low-end liquor revenue grew by 5.08% to 4.974 billion yuan, while high-end and mid-range liquor revenues saw declines [2] Group 3: Danone - Danone's Q1 2025 revenue grew by 4.3% to 6.844 billion euros [3] - Sales in China, North Asia, and Oceania increased by 9.9%, driven by volume and product mix [3] - The infant formula segment, particularly the Essensis series, continued to expand market share [3] Group 4: Miaokelando - Miaokelando reported a Q1 revenue growth of 6.26% to 1.233 billion yuan [4] - The net profit attributable to shareholders increased by 114.88% to 82.4 million yuan [4] - The company plans to innovate children's cheese products for older age groups while continuing to develop adult cheese products [4] Group 5: Baolingbao - Baolingbao's total revenue for 2024 was 2.402 billion yuan, a decrease of 4.84% [5] - The net profit attributable to shareholders increased by 105.97% to 111 million yuan [5] - Key products such as prebiotics and dietary fibers saw significant revenue growth [5] Group 6: Muyuan Foods - Muyuan Foods reported a Q1 revenue of 36.061 billion yuan, a year-on-year increase of 37.26% [6] - The company achieved a net profit of 4.491 billion yuan, marking a turnaround from losses [6] Group 7: Ziyuan Foods - Ziyuan Foods plans to invest 70 million yuan in its subsidiary and up to 35 million USD in Green Tea Group's IPO [7] Group 8: Qiaqia Foods - Qiaqia Foods reported a revenue of 7.131 billion yuan in 2024, a growth of 4.79% [8] - The net profit attributable to shareholders was 849 million yuan, an increase of 5.82% [8] - The company expanded its e-commerce channels and overseas markets, achieving significant growth [9] Group 9: Yanjinpuzi - Yanjinpuzi's revenue increased by 28.89% to 5.304 billion yuan in 2024 [10] - The net profit attributable to shareholders grew by 26.53% to 640 million yuan [10] - The company focused on six core product categories and achieved significant supply chain improvements [10] Group 10: Hengshun Vinegar - Hengshun Vinegar reported a revenue of 2.196 billion yuan, a 4.25% increase [11] - The net profit attributable to shareholders increased by 46.54% to 127 million yuan [11] - The company implemented cost reduction and efficiency improvement measures [11] Group 11: Kemin Foods - Kemin Foods announced the election of Chen Hong as the chairman of the board [12] Group 12: Gaoxin Retail - Gaoxin Retail expects a tax profit of approximately 350 to 400 million yuan for the fiscal year ending March 31, 2025, a significant improvement from a loss of 1.668 billion yuan [13] - The improvement is attributed to stable sales growth and effective cost reduction measures [13] Group 13: Bubugao - Bubugao reported a Q1 revenue of 1.153 billion yuan, a year-on-year increase of 24.22% [14] - The net profit attributable to shareholders was 119 million yuan, reflecting a growth of 488.44% [14]

4月24日，"夫妻肺片第一股"紫燕食品（603057.SH）发布公告称，其拟通过全资子公司无锡紫鲜食品有 限公司（下称"无锡紫鲜"）作为基石投资者认购绿茶集团在港股首次发行的股份，预计出资不超过3500 万美元（约合2.56亿元人民币），持股比例根据届时发行市值确定。 去年，休闲卤制品三巨头营收净利润均出现下滑，紫燕食品净利润尚能录得正向增长，而营收则连续两 年下滑，其营收同比下跌了5.28%至33.63亿元，净利润同比增长了4.50%至3.47亿元。今年第一季度， 紫燕食品营收净利润双降，营收同比下跌了18.86%至5.64亿元，净利润同比下跌了71.80%至1521.82万 元。 实际上，去年，紫燕食品的主打产品鲜货类产品销量有所增长，同比增长了4.61%至6638.41万千克，收 入同比下跌了6.65%至28.04亿元，毛利率则同比增长了1.17个百分点至23.93%，由此可知，其产品客单 价出现一定程度的下滑。 与文和友、天图资本合作 在认购绿茶股份之前，紫燕食品将以自有资金出资7000万元先对无锡紫鲜进行增资。紫燕食品表示，这 笔投资有助于公司拓展投资渠道，优化资产配置结构，提升资金使用效率，获得财 ...

证券代码：603057 证券简称：紫燕食品 公告编号：2025-032 上海紫燕食品股份有限公司 关于2024年年度股东大会增加临时提案的公告 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。 一、 股东大会有关情况 1. 股东大会的类型和届次： 2024年年度股东大会 2. 股东大会召开日期：2025 年 5 月 8 日 3. 股权登记日 市公司股东会规则》有关规定，现予以公告。 3. 临时提案的具体内容 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 603057 | 紫燕食品 | 2025/4/28 | 二、 增加临时提案的情况说明 1. 提案人：宁国川沁企业管理咨询服务合伙企业（有限合伙） 2. 提案程序说明 公司已于2025 年 4 月 18 日公告了股东大会召开通知，单独或者合计持有 24.63%股份的股东宁国川沁企业管理咨询服务合伙企业（有限合伙），在2025 年 4 月 22 日提出临时提案并书面提交股东大会召集人。股东大会召集人按照 ...

一、 监事会会议召开情况 表决结果：3 票同意，0 票反对，0 票弃权。 证券代码：603057 证券简称：紫燕食品 公告编号：2025-033 上海紫燕食品股份有限公司 第二届监事会第十次会议决议公告 本公司监事会及全体监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。 上海紫燕食品股份有限公司（以下简称"公司"）第二届监事会第十次会议 于 2025 年 4 月 24 日通讯方式召开，会议通知已于 2025 年 4 月 22 日送达各位监 事。本次会议应出席监事 3 人，实际出席监事 3 人，由公司监事会主席叶豪英女 士主持。会议召开符合《中华人民共和国公司法》和《上海紫燕食品股份有限公 司章程》的有关规定。 二、监事会会议审议情况 （一）审议通过《关于部分募投项目终止并变更、调整部分募投项目实施主 体、实施地点、实施内容、内部投资结构及延期的议案》 公司本次部分募投项目变更、终止、调整部分募投项目实施主体、实施地点、 实施内容、内部投资结构及延期事项，综合考虑了公司业务需求及项目实际实施 情况，不会对公司的正常经营产生不利影响，不存在变相改变募 ...

（一）审议通过《关于对全资子公司增资并对外投资认购绿茶集团有限公 司香港联交所首次公开发行股份的议案》 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 对全资子公司增资并对外投资认购绿茶集团有限公司香港联交所首次公开发行 股份的公告》。 本议案已经公司第二届董事会战略与发展委员会第三次会议审议通过。 证券代码：603057 证券简称：紫燕食品 公告编号：2025-029 上海紫燕食品股份有限公司 第二届董事会第十一次会议决议公告 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。 一、董事会会议召开情况 上海紫燕食品股份有限公司（以下简称"公司"）第二届董事会第十一次会 议于 2025 年 4 月 24 日以通讯会议方式召开。会议通知已于 2025 年 4 月 22 日送 达各位董事。本次会议应到董事 7 人，实到董事 7 人。会议由董事长戈吴超先生 主持，公司监事及高级管理人员列席本次会议。董事会的召开符合《中华人民共 和国公司法》和《上海紫燕食品股份有限公司章程》的有关规定。 二、董事会会议审 ...

证券代码：603057 证券简称：紫燕食品 公告编号： 2025-031 上海紫燕食品股份有限公司 公司于 2025 年 4 月 24 日召开的第二届董事会第十一次会议，审议通过了 《关于对全资子公司增资并对外投资认购绿茶集团有限公司香港联交所首次公 开发行股份的议案》，并同意授权公司管理层及其授权人员办理本次对外投资 的相关事宜，包括但不限于：办理境内外投资登记、备案等审批手续，签署、 执行与本次对外投资相关的协议合同文件等相关事宜。本议案已经公司第二届 董事会战略与发展委员会第三次会议全体委员同意后提交董事会审议。本次投 资在公司董事会审批权限范围内，无须提交公司股东大会审议。 （三）关联交易或重大资产重组情况 关于对全资子公司增资并对外投资认购绿茶集团有限 公司香港联交所首次公开发行股份的公告 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： 1 投资标的名称：上海紫燕食品股份有限公司（以下简称"公司"）拟通 过全资子公司无锡紫鲜食品有限公司（以下简称"无锡紫鲜"）作为基 石投资者认购绿茶集团有限公司（以下 ...