利弗莫尔证券显示， 安井食品集团股份有限公司通过港交所上市聆讯，联席保荐人 高盛、 中金公司。 ...

Group 1 - Company Anjuke Food Group Co., Ltd. has passed the listing hearing on the Hong Kong Stock Exchange [1]

Core Viewpoint - Fangda Partners issued a legal opinion regarding the differentiated dividend distribution plan of Anjuke Food Group Co., Ltd. for the year 2024, confirming compliance with relevant Chinese laws and regulations [1][2][4]. Group 1: Differentiated Dividend Distribution - The differentiated dividend distribution is based on the company's decision to repurchase shares using between RMB 100 million and RMB 200 million, with a maximum repurchase price of RMB 188.77 per share, intended for employee stock ownership plans [4][5]. - As of the date of the legal opinion, the company had repurchased a total of 1,160,900 shares, which will be used for employee stock ownership plans or equity incentives [4][5]. - The total share capital of the company is 293,294,232 shares, and the actual participating shares for the dividend distribution will be 292,133,332 shares after accounting for the repurchased shares [5][6]. Group 2: Legal Compliance and Impact - The legal opinion confirms that the differentiated dividend distribution does not violate the Securities Law of the People's Republic of China or the relevant regulations of the Shanghai Stock Exchange [6][7]. - The impact of the differentiated dividend distribution on the ex-dividend reference price is minimal, with an absolute value of impact being less than 1% [7][8]. - The legal opinion is intended solely for the purpose of the company's application to the Shanghai Stock Exchange for the differentiated dividend distribution and should not be used for any other purpose [4][8].

Core Points - The company announced a cash dividend of 1.015 yuan per share for the fiscal year 2024 [1][2] - The annual shareholders' meeting held on May 21, 2025, approved the profit distribution plan [2] - The record date for the dividend distribution is June 16, 2025, with the dividend payment date set for June 17, 2025 [1][2] Dividend Distribution Details - The total share capital is 293,294,232 shares, and the cash dividend distribution amounts to approximately 296.52 million yuan (including tax) [2] - Shares held in the company's repurchase account (1,160,900 shares) will not participate in the dividend distribution [1][2] - The reference price for ex-dividend trading will be calculated based on the formula provided, resulting in an approximate ex-dividend price of the previous closing price minus 1.011 yuan per share [2] Taxation Information - Individual shareholders holding shares for over one year will be exempt from personal income tax on dividends, while those holding for less than one month will be taxed at 20% [4] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.9135 yuan per share [4][5] - The company will not withhold taxes for institutional investors, who are responsible for their own tax payments [5]

FANGDA PARTNERS http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: +86-21-2208 1166 邮政编码：200041 传 真 Fax.: +86-21-5298 5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai, PRC 200041 上海市方达律师事务所 关于安井食品集团股份有限公司 2024 年度差异化分红事项之 法律意见书 致：安井食品集团股份有限公司 根据安井食品集团股份有限公司（以下简称"安井食品"或"公司"）的委托， 上海市方达律师事务所（以下简称"本所"）就安井食品 2024 年度利润分配所涉 及的差异化权益分派特殊除权除息（以下简称"本次差异化分红"）相关事项出具 本法律意见书。 本法律意见书依据《中华人民共和国证券法》《上海证券交易所交易规则》 《上海证券交易所上市公司自律监管指引第 7 号——回购股份》及其他相关中华 人民 ...

FANGDA PARTNERS http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: +86-21-2208 1166 邮政编码：200041 传 真 Fax.: +86-21-5298 5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai, PRC 200041 上海市方达律师事务所 关于安井食品集团股份有限公司 2024 年度差异化分红事项之 法律意见书 致：安井食品集团股份有限公司 本所律师依据本法律意见书出具日以前已经发生或存在的事实，并基于对有 关事实的了解和对有关法律法规的理解发表法律意见。 本所仅就与本次差异化分红有关的法律问题发表法律意见，并不对有关会计 审计、资产评估、信用评级、财务内部控制、投资和商业决策等专业事项发表评 论，因为本所并不具备发表该等评论的适当资格。在本法律意见书中涉及该等内 容时，均为严格按照有关中介机构出具的报告或公司的文件引述，该 ...

证券代码：603345 证券简称：安井食品 公告编号：临 2025-031 安井食品集团股份有限公司2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利1.015元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/16 | － | 2025/6/17 | 2025/6/17 | 差异化分红送转：是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 21 日的2024年年度股东会审议通过。 二、 分配方案 1. 发放年度：2024年年度 公司总股本为 293,294,232 股，扣除公司回购专用证券账户中已回购的股份 1,160,900 股，本次实际参与分配的股本数为 292,133,332 股。按此计算，本次共计 派发现金红利 296,515,331.98 元（含税）。 （2）具 ...

证券代码：603345 证券简称：安井食品 公告编号：临 2025-031 安井食品集团股份有限公司2024年年度权益分派实施公告 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： A 股每股现金红利1.015元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/16 | － | 2025/6/17 | 2025/6/17 | 差异化分红送转：是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 21 日的2024年年度股东会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 每股分配比例 公司总股本为 293,294,232 股，扣除公司回购专用证券账户中已回购的股份 1,160,900 股，本次实际参与分配的股本数为 292,133,332 股。按此计算，本次共计 派发现金红利 296,515,331.98 元（ ...

Investment Rating - The industry investment rating is "Outperform the Market" (maintained) [1][30] Core Viewpoints - The consumer goods sector is showing structural prosperity, with traditional consumption revitalizing [5] - The report highlights the importance of understanding consumer needs and innovating in products, channels, and marketing to stimulate consumption potential [5] - Investment opportunities are seen in the snack and beverage sectors, with recommendations for companies like Dongpeng Beverage and Three Squirrels [5] Summary by Sections Alcohol Industry - The liquor index (CITIC) has a cumulative decline of -0.84% this week, with leading stocks like Jinhui Liquor (+6.25%) and Huangtai Liquor (+5.03%) showing positive performance [5] - Moutai has announced a buyback progress, reinforcing market confidence, with a total buyback of 5.1 billion yuan, accounting for 0.2635% of total shares [5] - Future expectations include a recovery in the consumption environment supported by policies, with recommendations for high-end and next-tier liquor brands [5] Food Industry - The food index (CITIC) has a cumulative decline of -0.34% this week, with stocks like *ST Chuntian (+15.38%) and Youyou Food (+9.57%) performing well [5] - The report indicates a structural prosperity in consumer goods, driven by generational differences in spending intentions and the emergence of new consumption categories that meet emotional and health needs [5] - Companies that effectively innovate based on consumer insights are likely to unlock consumption potential [5] Key Company Earnings Forecast - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for various companies, with recommendations for leading firms such as Kweichow Moutai, Wuliangye, and Yili Group [29]

Investment Rating - The industry rating is "Positive" (maintained) [5] Core Views - The new consumption trend continues, focusing on low-priced/undervalued stocks with potential catalysts, particularly in the food and beverage sector. Key areas of focus include "category dividends in the food sector," "new channel drivers like membership supermarkets," and "new hotspots in health products" [2][16] - The traditional consumption represented by liquor may face pressure, with current recommendations for leading brands in the fragrance category [12][16] Summary by Sections Liquor Sector - The liquor sector is expected to face pressure in Q2, with current valuations remaining low. Recommended stocks include leading brands such as Guizhou Moutai, Wuliangye, and Shanxi Fenjiu for medium-term positioning [12][16] - Recent performance shows a decline of 0.84% in the liquor sector, with notable increases in stocks like Jinhui Liquor (+6.25%) and Huangtai Liquor (+5.03%) [3][22] - Guizhou Moutai has launched new products at the 2025 Osaka World Expo, indicating ongoing brand expansion efforts [4] Consumer Goods Sector - The consumer goods sector continues to show potential, with a focus on stocks like New Dairy, Jin Zai Food, and Aijia Food. The sector saw a rise in non-dairy beverages (+1.33%) and meat products (+1.30%) [2][22] - The overall market sentiment remains positive, with a recommendation for leading stocks in the retail transformation and cost cycle opportunities [16] Market Performance - From June 3 to June 6, the CSI 300 index rose by 0.88%, with the non-dairy beverage and meat product sectors leading the gains. In contrast, other liquor categories saw declines [22] - The valuation levels in the food and beverage industry have adjusted, with the industry trading at 21.64 times earnings, while specific segments like liquor are trading at varying multiples [28]