Core Viewpoint - The credit rating agency has maintained the credit rating of Honghui Fruits and Vegetables Co., Ltd. at A+ with a stable outlook, despite challenges in profitability and operational pressures due to market conditions and industry competition [2][4]. Company Overview - Honghui Fruits and Vegetables Co., Ltd. is a professional service provider in the domestic fruit and vegetable industry, with a diversified layout of procurement and sales bases across major fruit production areas in China [4][10]. - The company has a wide-ranging experience in warehousing and distribution, with processing bases established in various locations including Shantou, Yantai, Shanghai, and Guangzhou [4][10]. Financial Performance - The company's net profit has been under pressure, with a decline in profitability attributed to market fluctuations and increased competition. The sales gross margin dropped to 6.86% in Q1 2025 [4][10]. - As of March 2025, the company's total debt was 6.82 billion, with a significant portion being short-term debt, which poses liquidity challenges [3][4]. - The company's operating cash flow showed slight improvement but remains unstable, with a net cash flow from operating activities of 0.21 billion in Q1 2025 [3][4]. Market Environment - The domestic retail and supermarket sectors are facing pressure, impacting the performance of upstream and midstream enterprises in the fruit supply chain [9][10]. - The fruit market remains fragmented, with low brand recognition and intense competition, leading to reduced overall profit margins [9][10]. Operational Challenges - The company faces mismatches in payment terms with upstream and downstream clients, leading to significant working capital occupation. As of 2024, accounts receivable and inventory accounted for 55.33% of total assets [4][16]. - The company has experienced delays in the production launch of its fundraising projects, with the Guangdong Honghui Fruits and Vegetables Storage and Processing Base still not operational as of the end of 2024 [15][16]. Future Outlook - The credit rating agency has a stable outlook for the company, recognizing its competitive advantages in the fruit and vegetable service sector despite ongoing operational challenges [4][5]. - The company is expected to continue facing pressure on profitability due to market conditions and increased competition, particularly in the fruit sales segment [10][14].

Group 1 - The core viewpoint of the announcement is that the credit rating for Honghui Fruits and Vegetables Co., Ltd. remains stable, with both the company and its convertible bonds rated "A+" [1][2]. - The previous credit rating results indicated a company credit rating of "A+" and a stable outlook, which has not changed in the latest assessment [2]. - The tracking credit rating report was issued by Zhongzheng Pengyuan Credit Rating Co., Ltd. on June 23, 2025, confirming the same ratings as before [2]. Group 2 - The "Honghui Convertible Bonds" cannot be used as collateral for repurchase transactions [1]. - The rating agency, Zhongzheng Pengyuan, conducted a comprehensive analysis of the company's operational status and industry conditions before issuing the report [2].

| 证券代码：603336 | 证券简称：宏辉果蔬 | 公告编号：2025-034 | | --- | --- | --- | | | 转债简称：宏辉转债 | | | 转债代码：113565 | | | 宏辉果蔬股份有限公司 关于"宏辉转债"跟踪信用评级结果的公告 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个别及连带责任。 重要内容提示： ●前次评级结果：公司主体信用等级为"A+"，评级展望为"稳定"；"宏 辉转债"债项信用等级为"A+"。 ●本次评级结果：公司主体信用等级为"A+"，评级展望为"稳定"；"宏 辉转债"债项信用等级为"A+"。 ●"宏辉转债"不可作为债券质押式回购交易的质押券。 根据《上市公司证券发行管理办法》和《上海证券交易所股票上市规则》的 相关规定，宏辉果蔬股份有限公司（以下简称"公司"）委托信用评级机构中证 鹏元资信评估股份有限公司（以下简称"中证鹏元"）对公司于 2020 年 2 月公 开发行的 A 股可转换公司债券（简称"宏辉转债"）进行了跟踪信用评级。 2025 年 6 月 25 日 2 宏辉转债前次评 ...

宏辉果蔬股份有限公司相关债券 2025 年跟踪评级报告 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评级报告版权归本评级机构所有，未经授权不得修改、复制、转载和出售。除委托评级合同约定外， 未经本评级机构书面同意，本评级报告及评级结论不得用于其他债券的发行等证券业务活动或其他用途。 中鹏信评【2025】跟踪第【272】号 01 信用评级报告声明 除因 ...

宏辉果蔬股份有限公司董事会 本次增资前，香港宏辉股本为普通股 100,000 港币，78,000,000 人民币。 增资人民币 2,000,000 元后，股本变更如下： 2025 年 6 月 25 日 | 股份的类别 | 货币单位 | 总数 | 总款额 | | --- | --- | --- | --- | | 普通股 | HKD | 100,000 | 100,000 | | 普通股 | RMB | 80,000,000 | 80,000,000 | 除上述事项外，其他事项未发生变化。 特此公告。 | 证券代码：603336 | 证券简称：宏辉果蔬 | 公告编号：2025-035 | | --- | --- | --- | | 转债代码：113565 | 转债简称：宏辉转债 | | 宏辉果蔬股份有限公司 关于香港全资子公司变更注册资本的公告 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个别及连带责任。 宏辉果蔬股份有限公司（以下简称"公司"）于近日收到全资子公司 GREAT-SUN FOODSTUFFS(HONG KONG) CO. ...

Group 1 - The company, Honghui Fruits and Vegetables, has a supply and sales cooperation with Mixue Ice City, primarily involving lemons [1] - The business with Mixue Ice City accounts for less than 1% of the company's overall operations [1]

Group 1 - The company will hold its annual shareholder meeting on June 27, 2025, to discuss various proposals including the board and supervisory reports, remuneration for directors and supervisors, and profit distribution plans [1][4][6] - The agenda includes ten proposals, such as the 2024 annual report, financial settlement report, and a three-year shareholder return plan [1][5][19] - The company plans to propose a profit distribution plan for 2024, indicating no distribution will occur, with profits carried forward to the next year [11][12] Group 2 - The company reported a net profit of approximately 18.3 million yuan for 2024, a decrease of 23.59% compared to the previous year [13][16] - Total revenue for 2024 was approximately 1.08 billion yuan, showing a slight decline of 0.52% from 2023 [13][16] - The company’s total assets increased by 5% to approximately 1.94 billion yuan, while net assets rose by 1.86% to approximately 1.17 billion yuan [13][16] Group 3 - The company plans to apply for a total financing limit of up to 1.5 billion yuan for 2025, with various financing types including loans and guarantees [17][18] - A three-year shareholder return plan (2025-2027) is being proposed to enhance the transparency and effectiveness of profit distribution policies [19] - The company seeks authorization to develop a mid-term dividend plan for 2025, with the maximum amount not exceeding the net profit for that period [20]

Core Points - The report details a significant equity change in Honghui Fruit and Vegetable Co., Ltd, involving a transfer of shares and a relinquishment of voting rights by major shareholders [1][2][3] - The equity change is primarily due to the issuance of convertible bonds and the need for liquidity by the shareholders, leading to a dilution of their ownership percentage [7][8][10] Group 1: Shareholder Information - Huang Junhui holds 252,087,820 shares, representing 44.19% of the total shares before the equity change [4] - Zheng Youwen holds 13,347,616 shares, representing 2.34% of the total shares before the equity change [4] - Together, they control 46.54% of the company prior to the equity change [4] Group 2: Equity Change Details - The equity change involves Huang Junhui transferring 151,380,521 shares (26.54% of total shares) to Suzhou Shenziruitai Enterprise Management Partnership [8][10] - Following the transfer, Huang Junhui's shareholding will decrease to 100,707,299 shares (17.66% of total shares) [10][12] - The total share capital of the company will increase to 570,399,448 shares after the equity change [11] Group 3: Voting Rights and Control - Huang Junhui will permanently relinquish voting rights for 68,446,355 shares (12% of total shares) to ensure that his voting power does not exceed 8% of the total voting shares [12][21] - The change in control will result in Suzhou Shenziruitai becoming the controlling shareholder, with Huang Junhui and Zheng Youwen losing their status as actual controllers [13][15] Group 4: Financial Aspects - The total consideration for the share transfer is RMB 859,841,359, with a per-share price of RMB 5.68 [10][16] - The transaction is expected to be funded through legitimate self-raised funds, with potential bank loans being considered for financing [15][16]

宏辉果蔬股份有限公司 2024 年年度股东会 会议资料 股票代码：603336 二〇二五年六月二十七日 股东会会议资料目录 议案一：关于《2024 年度董事会工作报告》的议案； 议案十：关于提请股东会授权董事会制定 2025 年度中期分红方案的 议案。 一、2024 年年度股东会会议须知 二、2024 年年度股东会会议议程 三、2024 年年度股东会会议议案 议案二：关于《2024 年度监事会工作报告》的议案； 议案三：关于 2024 年度董事薪酬/津贴的议案； 议案四：关于 2024 年度监事薪酬的议案； 议案五：关于《2024 年年度报告》及其摘要的议案； 议案六：关于 2024 年度利润分配预案的议案； 议案七：关于《2024 年度财务决算报告》的议案； 议案八：关于公司 2025 年度授信融资及担保总额相关事项的议案； 议案九：关于《公司未来三年（2025-2027 年）股东回报规划》的议 案； 宏辉果蔬股份有限公司 2024 年年度股东会会议须知 为维护全体股东的合法权益，确保股东会会议秩序和议事效率，保证会议的 顺利进行，根据中国证监会发布的《上市公司股东会规则》、《宏辉果蔬股份有限 公司章程》（ ...

Group 1 - The core point of the news is the change of control in Honghui Fruits and Vegetables, with the controlling shareholder shifting from Huang Junhui to Suzhou Shenzhirui Tai Enterprise Management Partnership [1][2] - The share transfer agreement was signed on June 13, with Huang Junhui transferring 26.54% of his shares at a price of 5.68 yuan per share, totaling 860 million yuan [2] - After the transfer, the actual controllers will be Ye Tao, Liu Yang, and Suzhou Asset Investment Management Group, which is controlled by the Suzhou Municipal Finance Bureau [1][2][3] Group 2 - Ye Tao and Liu Yang have extensive experience in the pharmaceutical industry, with Ye Tao being the founder of Tengrui Pharmaceutical and currently serving as its chairman and general manager [3] - Tengrui Pharmaceutical, established in 2010, is a high-tech enterprise focusing on biopharmaceuticals and has multiple national and international patents [3][4] - The transaction is expected to optimize the equity structure of Honghui Fruits and Vegetables and enhance its core competitiveness and profitability [6][7] Group 3 - Honghui Fruits and Vegetables, founded in 1992, is a professional agricultural product service provider, primarily focusing on fruits and vegetables, and has expanded into frozen foods and edible oils [6] - The company has a wide layout of procurement and sales bases across the country, with a modern agricultural product processing model [6][7] - Honghui Fruits and Vegetables has established partnerships with major agricultural planting bases and has obtained various export qualifications, selling products to multiple countries and regions [7]