Core Viewpoint - The company has undergone significant changes in its financial performance, with a notable increase in revenue and a substantial turnaround in net profit, driven by improvements in various business segments and strategic operational adjustments [2][6][7]. Financial Performance - The company reported a revenue of 17.407 billion yuan for the first half of 2025, representing a year-on-year increase of 16.27% [2]. - The net profit attributable to shareholders reached 233 million yuan, marking a significant turnaround from losses in the previous year, with a year-on-year increase of 784.44% [6][7]. - The net cash flow from operating activities was -512 million yuan, indicating a substantial increase in cash outflow compared to the previous year [15]. Business Segments - The main business segments include feed and feed raw material trading, poultry, and pig farming, with no major changes in the core business structure [4][6]. - The feed raw material trading segment achieved a net profit of 62 million yuan, contributing positively to the overall profitability [8][12]. - The pig farming segment saw a significant increase in output, with 840,000 pigs sold, a 42.37% increase year-on-year, leading to improved profitability [13]. Operational Adjustments - The company has optimized its procurement strategies, enhancing its ability to capitalize on market opportunities and improve profit margins [9][10]. - Sales structure improvements have been made by expanding customer bases and enhancing sales quality, which has positively impacted overall revenue [10][11]. Investment Income - The company reported investment income of 104 million yuan, an increase of 77 million yuan compared to the previous year, primarily due to significant profit growth from associated companies [14]. Cash Flow and Borrowing - The company experienced a significant increase in short-term borrowings, rising by 239.51% to 1.925 billion yuan, primarily due to business expansion and acquisitions [38]. - The increase in cash outflow from operating activities was attributed to rapid business growth and changes in procurement and sales credit policies [15][40]. Inventory Management - The company's inventory reached 4.414 billion yuan, a year-on-year increase of 61.21%, largely due to acquisitions in the poultry business [42].

容诚会计师事务所 (特殊普通合伙) 关于禾丰食品股份有限公司 2025 年半年度报告的信息披露监管问询函中 有关问题的回复 容诚会计师事务所 (特殊普通合伙) 中国 ·北京 容诚 禾丰食品股份有限公司 间询函回复 关于禾丰食品股份有限公司 2025 年半年度报告的信息披露监管问询函中 有关问题的回复 上海证券交易所: 贵所于近日出具的《关于禾丰食品股份有限公司 2025 年半年度报告的信 息披露监管问询函》（上证公函《2025】1319 号）（以下简称"《问询函》"） 已收悉。容诚会计师事务所(特殊普通合伙)(以下简称"年审会计师")作 为禾丰食品股份有限公司(以下简称"禾丰股份"或"公司")2024 年度年审会 计师,本着勤勉尽责、诚实信用的原则,针对问询函涉及年审会计师的相关 问题回复如下,请审核。 问题二:关于货币资金及短期借款 半年度报告显示,报告期末公司货币资金 13.98亿元,短期借款 19.25 亿元, 报告期内利息费用 1.02 亿元,利息收入 686.17 万元,货币资金半年度收益率 0.49%; 2024年年度报告显示,公司货币资金 17.94 亿元,短期借款 5.67 亿元, 利息费用 ...

| 证券代码：603609 | 证券简称：禾丰股份 公告编号：2025-099 | | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | 禾丰食品股份有限公司 核算及具体依据，会计处理是否符合《企业会计准则第 14 号——收入》的相关规 定。 【公司回复】： 一、按饲料、原料贸易、肉禽、生猪细分行业类别的报告期营业收入、营业 成本、毛利率、净利润、报告期末总资产、净资产、员工人数及同比变动情况 关于上海证券交易所对公司 2025 年半年度报告信息披 露监管问询函的回复公告 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。 禾丰食品股份有限公司（以下简称"公司"）于近日收到上海证券交易所出 具的《关于禾丰食品股份有限公司 2025 年半年度报告的信息披露监管问询函》（上 证公函【2025】1319 号）（以下简称"《问询函》"），公司收到《问询函》后 高度重视，积极组织相关各方针对《问询函》中涉及的问题进行逐项研讨、核查 与分析，现就《问询函》相关事项回复如下： 【问题 1】关于主营业务及业绩。公司主 ...

变更后电子邮箱：hf@wellhopefood.com 除上述变更外，公司办公地址、联系电话等其他联系方式保持不变。变更后 的电子邮箱自本公告披露之日起正式启用，原邮箱地址同步停用，敬请广大投资 者注意。由此给投资者带来的不便，敬请谅解。 特此公告。 | 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2025-100 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 关于变更公司电子邮箱的公告 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。 禾丰食品股份有限公司（以下简称"公司"）根据实际工作需要，对公司电 子邮箱进行变更，具体情况如下： 变更前电子邮箱：hfmy@wellhope.co 禾丰食品股份有限公司董事会 2025 年 9 月 30 日 1 ...

Group 1 - The oil service engineering sector increased by 0.69% on September 26, with Junyou Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] - Key stocks in the oil service engineering sector showed varied performance, with Junyou Co., Ltd. closing at 8.06, up 3.73%, and Tongyuan Petroleum closing at 5.49, up 3.00% [1] Group 2 - The oil service engineering sector saw a net inflow of 74.01 million yuan from institutional investors, while retail investors experienced a net outflow of 100 million yuan [2] - The stock performance of various companies indicated mixed investor sentiment, with Tongyuan Petroleum receiving a net inflow of 37.81 million yuan from institutional investors [3] - Junyou Co., Ltd. had a net inflow of 31.08 million yuan from institutional investors, but also saw a net outflow of 19.58 million yuan from retail investors [3]

Core Viewpoint - The company is expected to trigger the price adjustment clause for its convertible bonds due to the stock price falling below a certain threshold, which may lead to a board meeting to decide on the adjustment [2][9]. Group 1: Convertible Bond Issuance Overview - The company issued 15 million convertible bonds with a total value of 1.5 billion yuan, with a maturity of 6 years and a tiered interest rate starting from 0.3% in the first year to 2.0% in the sixth year [3]. - The initial conversion price was set at 10.22 yuan per share, which has been adjusted to 10.09 yuan per share following various corporate actions [3][4]. Group 2: Price Adjustment Clause and Trigger Conditions - The price adjustment clause allows for a downward revision of the conversion price if the stock price remains below 85% of the current conversion price for a specified number of trading days [5][6]. - The company has already experienced 10 trading days where the stock price closed below 8.58 yuan, which is 85% of the current conversion price, indicating a potential trigger for the adjustment [9]. Group 3: Previous Decisions and Future Implications - The company previously decided not to adjust the conversion price during a specific period, but if the conditions are met again after this period, the board will consider a new adjustment [8]. - If the adjustment conditions are triggered, the company will hold a board meeting to decide on the adjustment and will disclose the decision promptly [9].

Core Points - He Feng Co., Ltd. announced that from September 3, 2025, to September 25, 2025, its stock price has closed below 85% of the current conversion price (10.09 CNY/share), which is 8.58 CNY/share for 10 trading days [2] - If the stock price continues to meet the conditions for 5 out of the next 20 trading days, it will trigger the conversion price adjustment clause for "He Feng Convertible Bonds" [2] - The company will hold a board meeting on the day the adjustment conditions are triggered to decide whether to adjust the conversion price and will fulfill its information disclosure obligations in a timely manner [2]

重要内容提示： 自 2025 年 9 月 3 日至 2025 年 9 月 25 日，禾丰食品股份有限公司（以下 简称"公司"）股票已有 10 个交易日的收盘价低于当期转股价格（10.09 元/股） 的 85%（即 8.58 元/股），若未来 20 个交易日内有 5 个交易日公司股票收盘价继 续满足相关条件，将触发"禾丰转债"的转股价格修正条款。公司将于触发修正 条件当日召开董事会审议决定是否修正转股价格，并及时履行信息披露义务。 一、可转债发行上市概况 | 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2025-098 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 关于"禾丰转债"预计满足转股价格修正条件 的提示性公告 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。 经中国证券监督管理委员会证监许可[2022]662 号文核准，公司于 2022 年 4 月 22 日公开发行了 1,500 万张可转换公司债券，每张面值 100 元，发 ...

Core Insights - He Feng Co., Ltd. experienced a decline of 0.86% on September 23, closing at 8.05 yuan, with a significant block trade occurring [1] - The block trade involved a total volume of 2 million shares, amounting to 14.62 million yuan, with a transaction price of 7.31 yuan per share, reflecting a premium rate of -9.19% [1] - The buyer was China International Capital Corporation's Beijing Jian Guo Men Wai Street Securities Department, while the seller was GF Securities' Fuzhou Fuhe Road Securities Department [1] Trading Activity - Over the past three months, He Feng Co., Ltd. has recorded a total of 5 block trades, with a cumulative transaction value of 98.79 million yuan [1] - In the last five trading days, the stock has seen a cumulative decline of 7.26%, with a net outflow of 1.62 million yuan in principal funds [1]

Group 1 - The core event involves He Feng Co., which executed a block trade of 2 million shares on September 23, with a transaction value of 14.62 million yuan, accounting for 22.53% of the total trading volume for that day [1] - The transaction price was 7.31 yuan per share, representing a discount of 9.19% compared to the market closing price of 8.05 yuan [1]