Group 1 - The core issue revolves around a food safety incident involving Laiyifen, where a consumer reported finding a suspected blood-stained band-aid in a zongzi product [1][2] - Laiyifen has taken immediate action by recalling the affected batch of honey date zongzi and offering consumers the option for refunds or exchanges, along with additional compensation [3][5] - The incident has raised public concerns about food safety, particularly regarding seasonal food products, and has led to the product being removed from both online and offline sales channels [2][3] Group 2 - Laiyifen has established a special task force to investigate the claims made by consumers, although they have not yet obtained the physical evidence for further analysis [7] - The company has faced scrutiny over its quality control practices, especially given its reliance on contract manufacturing, which has previously led to numerous complaints about food quality [9] - The incident poses a significant challenge for both Laiyifen and its contract manufacturer, Wufangzhai, in rebuilding consumer trust following the food safety concerns [9]

Core Viewpoint - A consumer complaint regarding a "bloodied band-aid" found in a rice dumpling from Laiyifen has raised significant market attention, prompting the company to initiate an investigation and take corrective actions [3][4]. Company Response - Laiyifen has established a special team to investigate the incident and has committed to covering all medical expenses for consumers affected by the foreign object found in the rice dumpling [2]. - The company has removed the affected batch of rice dumplings (produced on April 2, 2025) from shelves and is offering consumers the option to return or exchange the product, along with additional compensation [2]. Production and Quality Control - Laiyifen emphasized that each step in the production process has dedicated inspection personnel, and strict management protocols are in place regarding employees using band-aids [4]. - The company clarified that the rice dumpling in question was produced by Wufangzhai, a reputable partner, and that their quality control team is actively investigating the production process [4][5]. Investigation Findings - Wufangzhai's response indicated that the likelihood of a band-aid being included in the product is very low, and they are awaiting physical samples for further analysis [5]. - The band-aid shown in the consumer's video was described as being in a folded state, which raises questions about how it could have entered the product [5]. Industry Context - Wufangzhai, known as the "first stock of rice dumplings" in the A-share market, reported a revenue of approximately 2.251 billion yuan in 2024, a year-on-year decline of 14.57%, with rice dumpling sales dropping by 20.9% [9]. - The production and sales figures for rice dumplings showed a decrease in production by 11.71% and sales by 20.92% compared to the previous year [10].

Core Viewpoint - The incident involving a consumer finding a suspected blood-stained band-aid in a rice dumpling from Laiyifen has raised significant concerns about food safety and quality control within the company and its supply chain [1][3]. Laiyifen Company Summary - Laiyifen has established a special team to investigate the incident and has removed the affected batch of products from shelves, offering consumers the option for refunds and additional compensation [1]. - The company has faced multiple food safety controversies in recent years, with over a thousand complaints on the Black Cat Complaint platform, including issues related to food safety and after-sales service [6]. - Laiyifen's revenue for 2024 decreased by 15.25% to 3.37 billion yuan, and it reported a net loss of 75.27 million yuan, marking a significant decline of 231.94% year-on-year [6]. - As of the first quarter of this year, Laiyifen's revenue fell by 1.23% to 1.05 billion yuan, with a net profit drop of 79.72% to 12 million yuan, indicating a continuous decline in revenue for nine consecutive quarters [11]. Wufangzhai Company Summary - Wufangzhai, the entrusted manufacturer of the affected rice dumpling, is currently verifying the situation and has acknowledged the incident [3]. - The company has experienced fluctuating financial performance, with a reported revenue of 2.25 billion yuan in 2024, down 14.57% year-on-year, and a net profit of 142 million yuan, down 14.24% [3]. - In the first quarter of this year, Wufangzhai achieved a revenue of 243 million yuan, reflecting a year-on-year growth of 17.24%, although it still reported a net loss of 45.23 million yuan [4].

来伊份涉事粽子被指由五芳斋代工，5月12日，五芳斋相关负责人告诉南都湾财社记者，企业已经关注到相关 情况，正在核实中。 负责代工的五芳斋旗下公司位于浙江嘉兴。5月12日，嘉兴市市场监督管理局相关负责人告诉南都湾财社记 者，市监局已经关注到此事，会持续跟进，有相关的消息会及时发布。 南都湾财社此前曾报道，5月10日，有江苏的消费者连发两条视频投诉在来伊份蜜枣粽中吃出疑似带血创可贴 的异物。5月10日晚，来伊份相关负责人回应南都湾财社记者称，企业已第一时间启动全链路调查程序。同日 晚，记者搜索发现，来伊份旗舰店已下架所有粽子产品。 5月12日，来伊份（603777.SH）在官网和上交所发布声明称，公司对此高度重视，立即成立专项小组展开调 查。来伊份指出，称工厂明确规定若员工有伤口不得参与裹粽等与食品直接接触的相关环节，非直接接触环节 则使用工厂专用的蓝色金属材质创可贴。公司工作人员看到消费者投诉的涉事产品、但还没拿到实物，会在取 得实物后，将进一步分析判断，并查明原因，如确为生产过程控制问题，将再追究相关责任人责任，不断提升 食品安全管理水平。 同时，来伊份表示，其已对相关批次（2025年04月02日）蜜枣粽产品 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - In Q1 2025, the company reported total revenue of 243 million yuan, representing a year-on-year increase of 17.24%. The net profit attributable to the parent company was -45.23 million yuan, indicating a reduction in losses, while the non-recurring net profit was -48.74 million yuan, also showing a reduction in losses [2][4]. - The company is expected to benefit from the upcoming Dragon Boat Festival sales peak, with significant growth anticipated in its main products, particularly the rice dumpling series, which saw a revenue increase of 37.27% to 124 million yuan [10]. - The company has optimized its cost structure, achieving an increase in net profit margin by 15.05 percentage points to -18.63% and a gross profit margin increase of 1.12 percentage points to 35.4% [10]. Summary by Sections Financial Performance - Q1 2025 total revenue was 243 million yuan, with a year-on-year growth of 17.24%. The company reduced its net losses, with a net profit of -45.23 million yuan and a non-recurring net profit of -48.74 million yuan [2][4]. - The company’s gross profit margin improved to 35.4%, and the net profit margin increased to -18.63% due to cost optimization [10]. Product and Channel Performance - The rice dumpling series generated 124 million yuan in revenue, up 37.27%, while the mooncake series saw a remarkable increase of 723.39% to 485,800 yuan [10]. - Revenue from e-commerce channels grew by 26.39% to 35 million yuan, while revenue from distributors increased by 50.52% to 83 million yuan [10]. Regional Performance - Revenue from East China reached 157 million yuan, up 16.09%, while North China saw a significant increase of 65.03% to 12 million yuan [10]. Future Outlook - The company forecasts net profits attributable to the parent company for 2025-2027 to be 191 million, 209 million, and 229 million yuan, respectively, with corresponding EPS of 0.96, 1.05, and 1.15 yuan [10].

证券代码：603237 证券简称：五芳斋 公告编号：2025-037 浙江五芳斋实业股份有限公司 2024年年度股东大会决议公告 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：2025 年 5 月 8 日 (二)股东大会召开的地点：浙江省嘉兴市秀洲区新城街道木桥港路 677 号兴耀商 务广场（五芳斋总部大楼）1 幢 323 室 (三)出席会议的普通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 | 317 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 124,090,940 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 63.7468 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长厉建平先生主持，采用现场投票和 网络投票相结合的方式进行表决。本次会议的召开、召 ...

上海市锦天城律师事务所 关于浙江五芳斋实业股份有限公司 2024 年年度股东大会的 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 关于浙江五芳斋实业股份有限公司 2024 年年度股东大会的 法律意见书 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 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 致：浙江五芳斋实业股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受浙江五芳斋实业股份有 限公司（以下简称"公司"）委托，就公司召开 2024 年年度股东大会（以下简 称"本次股东大会"）的有关事宜，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》等法律、法规、规章和其他规范性文件以 及《浙江五芳斋实业股份有限公司章程》（以下简称《公司章程》）的有关规定， 出具本法律意见书。 本所律师对本次股东大会所涉及的相关事项进行了必要的核查和验证，核查 了本所认为出具该法律意见书所需的相关文件、资料。本所保证本法律意见书所 认定的事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记 载、误导性陈 ...

Group 1: Retail Industry Overview - In 2024, five retail companies including YaoYigou, JianZhiJia, WuFangZhai, GuangMing Dairy, and HaiZiWang disclosed a total of 18.3756 million yuan in data resources, covering various sectors such as pharmaceutical retail, food and beverage, and maternal and child products [1][3] - YaoYigou and JianZhiJia reported significant declines in net profit, with JianZhiJia's net profit at 12.8 million yuan, down 69.08% year-on-year, and YaoYigou's net profit at 1.63582 million yuan, down 72.52% year-on-year [3][4] - The companies are actively investing in data assetization, with YaoYigou listing 22 pharmaceutical data products and integrating data resources with financial institutions to build a pharmaceutical supply chain finance system [3][4] Group 2: Pharmaceutical Retail Sector - YaoYigou's data resources included business data, industry knowledge data, and research data, with a total data storage of 99,098.39 GB by the end of 2024 [3][4] - YaoYigou has established a credit system for small and micro customers, with a total credit of 20.7248 million yuan granted to 5,100 customers [4] Group 3: Food Retail Sector - GuangMing Dairy and WuFangZhai disclosed their data resources for the first time in 2024, with GuangMing Dairy reporting 233,200 yuan in development expenses [6][8] - WuFangZhai introduced a BI data unified decision-making platform and confirmed its data asset worth 1.0004 million yuan, which is now available on the Zhejiang Big Data Trading Service Platform [8] Group 4: Maternal and Child Products Sector - HaiZiWang reported a total of 9.9519 million yuan in data resources for 2024, with 8.6310 million yuan classified as intangible assets [9] - HaiZiWang has developed an intelligent DTC system and the KidsGPT smart advisor, marking significant advancements in digitalization within the maternal and child product sector [9]

Financial Performance - The company reported a basic earnings per share of -0.2400 yuan for Q1 2025, an improvement of 33.33% compared to -0.3600 yuan in Q1 2024, and -0.4500 yuan in Q1 2023 [1] - The total revenue for Q1 2025 was 2.43 billion yuan, representing a 17.39% increase from 2.07 billion yuan in Q1 2024 and 2.16 billion yuan in Q1 2023 [1] - The net profit for Q1 2025 was -0.45 billion yuan, showing a 35.71% improvement from -0.7 billion yuan in Q1 2024 and -0.64 billion yuan in Q1 2023 [1] - The return on equity for Q1 2025 was -2.67%, an improvement from -4.03% in Q1 2024 and -3.85% in Q1 2023 [1] Shareholder Information - The top ten unrestricted shareholders collectively hold 59.43 million shares, accounting for 48.77% of the circulating shares, with a change of 1.8234 million shares from the previous period [2] - Shanghai Xinghe Digital Investment Co., Ltd. remains the largest shareholder with 35.5005 million shares, representing 29.13% of the total share capital, unchanged from the previous report [3] - Five new shareholders entered the top ten list, including Wufangzhai Group Co., Ltd. with 3.25% of the total shares [3] Dividend Policy - The company has decided not to distribute dividends or transfer shares in this reporting period [3]

证券代码：603237 证券简称：五芳斋 公告编号：2025-035 浙江五芳斋实业股份有限公司 2025年第一季度主要经营数据的公告 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。 根据上海证券交易所《上市公司行业信息披露指引第十四号——食品制造》 第十四条相关规定，现将浙江五芳斋实业股份有限公司（以下简称"公司"） 2025 年第一季度主要经营数据（未经审计）公告如下： 一、2025 年第一季度主要经营数据 2025 年第一季度公司实现营业收入 24,284.42 万元，其中主营业务收入 22,625.92 万元。具体主营业务收入构成情况如下： 1、按产品类别分类 2、按销售渠道分类 单位：万元 币种：人民币 | 销售渠道 | 2025年第一季度 | 2024年第一季度 | 同比变动 | | --- | --- | --- | --- | | 连锁门店 | 7,238.63 | 7,479.26 | -3.22% | | 电子商务 | 3,476.26 | 2,750.42 | 26.39% | | 商超 | 1,952. ...