| 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2026-004 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 关于回购股份注销不调整可转债转股价格的公告 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： 经中国证券监督管理委员会《关于核准禾丰食品股份有限公司公开发行可转换 公司债券的批复》证监许可[2022]662 号文核准，禾丰食品股份有限公司（以下简 称"公司"）于 2022 年 4 月 22 日公开发行可转换公司债券 1,500 万张，发行总额 150,000 万元，本次发行的可转换公司债券已于 2022 年 5 月 18 日在上海证券交易 所上市（债券简称：禾丰转债，债券代码：113647），初始转股价格为 10.22 元/ 股，本次调整前的转股价格为 10.09 元/股。 增发新股或配股：P1=（P0+A×k）/（1+k）； 上述两项同时进行：P1=（P0+A×k）/（1+n+k）； 一、转股价格调整依据 ...

● 禾丰食品股份有限公司（以下简称"公司"）2024 年员工持股计划（以下 简称"本员工持股计划"）第一个解锁期解锁条件未达成，其持有的份额对应的标 的股票 4,200,000 股由公司回购注销。 ● 本次回购注销股份的有关情况： | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | | | | --- | --- | --- | --- | --- | --- | | 4,200,000 | 4,200,000 | 2026 年 | 1 | 月 15 | 日 | 一、股份回购注销的决策与信息披露 | 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2026-003 | | --- | --- | --- | | 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 2024 年员工持股计划部分股份回购注销实施公告 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： （二）回购注销安排 公司已在中国证券登记结算有限责任公司上海分公司（以下简称"中登公司"） ...

Group 1 - The core viewpoint of the news is that He Feng Co., Ltd. has shown a mixed performance in terms of stock trading and financial results, with a notable increase in revenue but a significant decline in net profit [1][2]. - On January 9, He Feng's stock rose by 0.83%, with a trading volume of 29.67 million yuan. The financing buy-in amount was 6.95 million yuan, while the net financing buy-in was 3.51 million yuan, indicating strong investor interest [1]. - As of January 9, the total balance of margin trading for He Feng was 173 million yuan, which is 2.60% of its circulating market value, indicating a high level of financing activity compared to the past year [1]. Group 2 - As of September 30, the number of shareholders for He Feng increased by 4.18% to 22,500, while the average circulating shares per person decreased by 4.01% to 40,474 shares [2]. - For the period from January to September 2025, He Feng reported a revenue of 28.07 billion yuan, reflecting a year-on-year growth of 16.92%. However, the net profit attributable to shareholders decreased by 55.34% to 129 million yuan [2]. - He Feng has distributed a total of 1.007 billion yuan in dividends since its A-share listing, with 158 million yuan distributed over the past three years [3].

Core Insights - The feed sector experienced a rise of 0.74% on January 9, with Baiyang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Feed Sector Performance - Baiyang Co., Ltd. (002696) closed at 7.40, with a gain of 4.52% and a trading volume of 212,900 shares, amounting to a transaction value of 154 million yuan [1] - Tianma Technology (603668) closed at 17.05, up 2.40%, with a trading volume of 206,300 shares and a transaction value of 348 million yuan [1] - Dabeinong (002385) closed at 4.08, up 0.99%, with a trading volume of 983,400 shares and a transaction value of 400 million yuan [1] - Haida Group (002311) closed at 53.51, up 0.98%, with a trading volume of 94,800 shares and a transaction value of 501 million yuan [1] - Other notable companies include Jinxinnong (002548), Hefeng Co., Ltd. (603609), and Petty Co., Ltd. (300673), with respective closing prices and gains [1] Capital Flow Analysis - The feed sector saw a net outflow of 9.33 million yuan from main funds, while retail funds experienced a net inflow of 30.09 million yuan [2] - Dabeinong had a main fund net inflow of 42.81 million yuan, while Haida Group saw a net outflow of 60.89 million yuan from retail investors [3] - Baiyang Co., Ltd. had a main fund net inflow of 16.28 million yuan, with retail investors also showing a net outflow [3]

Core Viewpoint - The company, Hefeng Food Co., Ltd., has announced its provision of guarantees for its subsidiaries' financing and raw material procurement as of December 31, 2025, which is within the approved limits by the board and shareholders [1][3][6]. Group 1: Guarantee Details - The company provided guarantees for its subsidiaries' financing, with specific amounts detailed in millions of RMB [3]. - The total maximum guarantee amount for raw material procurement is 26,500 million RMB, specifically for subsidiaries like Dalian Heyuan Animal Husbandry Co., Ltd. [3]. - As of December 31, 2025, the actual guarantee balances for various subsidiaries are 4,131.98 million RMB, 1,000.00 million RMB, and 49,248.82 million RMB for different entities [3][8]. Group 2: Approval Process - The company held multiple board meetings and shareholder meetings throughout 2025 to approve the guarantee limits and the specific subsidiaries involved [4][7]. - The total guarantee amount approved is up to 560,000 million RMB, with specific allocations for financing and procurement [4]. Group 3: Financial Overview - As of December 31, 2025, the total external guarantee balance is 214,838.24 million RMB, which is 32.09% of the company's audited net assets as of December 31, 2024 [8]. - The breakdown of guarantees includes 151,514.51 million RMB for controlling subsidiaries and 45,417.36 million RMB for other subsidiaries [8].

Group 1 - The company, He Feng Co., announced that as of December 31, 2025, the total external guarantees provided by the company and its subsidiaries amount to approximately 2.148 billion yuan, which represents 32.09% of the audited net assets as of December 31, 2024 [1] - The guarantees provided by the company to its controlling subsidiaries total approximately 1.515 billion yuan, accounting for 22.63% of the audited net assets as of December 31, 2024 [1] - The guarantees provided by the controlling subsidiaries to other controlling subsidiaries amount to approximately 454 million yuan, representing 6.78% of the audited net assets as of December 31, 2024 [1] Group 2 - The guarantees provided by the controlling subsidiaries to joint ventures and farmers total approximately 179 million yuan, which is 2.67% of the audited net assets as of December 31, 2024 [1]

| 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2026-002 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 2025年12月为子公司提供担保情况的公告 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： 担保对象及基本情况 | 担保对象一 | 被担保人名称 | | 辽宁爱普特贸易有限公司 | | --- | --- | --- | --- | | | 本次担保金额 | 30,000.00 | 万元 | | | 实际为其提供的担保余额 | 4,131.98 | 万元 | | | 是否在前期预计额度内 | □否 ☑是 | | | | 本次担保是否有反担保 | □是 ☑否 | | | 担保对象二 | 被担保人名称 | | 海南禾丰牧业有限公司 | | | 本次担保金额 | 1,000.00 | 万元 | | | 实际为其提供的担保余额 | 1,000.00 | 万元 | | | 是否在前期预计额度内 | □否 ☑是 | ...

Core Insights - The fried chicken industry in China is experiencing significant growth, with the market size expected to reach 94 billion yuan in 2024, representing a year-on-year increase of 17.5% [1][10] - The rise in health consciousness among consumers is prompting brands to innovate cooking methods and optimize ingredient ratios, leading to the introduction of healthier products [1][10] Industry Overview - Fried chicken is defined as a food product made from chicken that is processed and deep-fried, characterized by a crispy exterior and tender interior [2] - It can be categorized based on bone presence, flavor profiles, and regional styles, including American, Korean, Japanese, and Chinese fried chicken [2][3] Development History - The evolution of the fried chicken industry in China has transitioned from being a niche product to a mainstream leisure food, with a focus on profitability and brand recognition since 2023 [4] - The industry is witnessing a shift towards health, digitalization, and supply chain collaboration, with leading brands enhancing upstream integration and central kitchen development [4][6] Policy Environment - The Chinese government has implemented various policies to support the development of the restaurant industry, including guidelines for food safety and quality control [6] - Regulations have been established to ensure the safety of chicken production, processing, and distribution, promoting a more standardized and high-quality industry [6] Industry Chain - The upstream of the fried chicken industry includes suppliers of chicken, flour, starch, and seasonings, while the midstream consists of production and brand operators [6][7] - The downstream encompasses various sales channels, including restaurants, retail, and e-commerce platforms, catering to consumer preferences for convenience [6] Consumer Insights - The majority of fried chicken consumers in China are female (52.1%), with over 70% aged between 18-35 years, indicating a strong preference for personalized and convenient dining experiences [8][9] - Afternoon tea is the most popular consumption scenario, followed by late-night snacks and meals, with a significant portion of consumers purchasing fried chicken weekly [8][9] Competitive Landscape - The fried chicken market is highly fragmented, with approximately 9.88 million related enterprises as of November 2025, indicating intense competition [10][11] - Notable brands include Zhengxin Chicken, Linyu Fried Chicken, and various others, with Zhengxin Chicken ranked as the top brand in a recent survey [10][11] Future Trends - The industry is expected to focus on value-driven operations rather than mere expansion, with leading brands optimizing store models and enhancing customer engagement [14] - There will be a shift towards deep innovation in Chinese flavors, with local tastes becoming a central theme in product development [14] - Health-conscious trends will drive brands to adopt new cooking technologies and healthier ingredients, moving away from high-fat perceptions [15] - Supply chain collaboration and digital transformation will become essential, with leading brands establishing strong ties with suppliers and enhancing logistics efficiency [16]

Core Viewpoint - The announcement details the conversion results of the convertible bonds issued by Wellhope Foods Co., Ltd., highlighting the amount converted into shares and the remaining unconverted bonds. Group 1: Convertible Bond Issuance Overview - Wellhope Foods Co., Ltd. issued 15 million convertible bonds with a total value of 1.5 billion yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission on April 22, 2022 [3] - The bonds have a maturity of six years, from April 22, 2022, to April 21, 2028, with a tiered interest rate starting at 0.3% in the first year and reaching 2.0% in the sixth year [3] Group 2: Conversion and Remaining Bonds - As of December 31, 2025, a total of 33,134,000 yuan of the convertible bonds have been converted into 3,229,516 shares, representing 0.35% of the company's total shares before conversion [2][6] - The amount of unconverted convertible bonds as of December 31, 2025, stands at 1,466,862,000 yuan, which is 97.79% of the total issuance [2][6] Group 3: Conversion Price Adjustments - The initial conversion price was set at 10.22 yuan per share, which has been adjusted multiple times due to stock repurchases and profit distributions, with the latest adjustment bringing it down to 10.09 yuan per share effective June 10, 2025 [4]

● 未转股可转债情况：截至 2025 年 12 月 31 日，尚未转股的"禾丰转债" 金额为 1,466,862,000 元，占"禾丰转债"发行总额的 97.79%。 一、可转债发行上市概况 1、"禾丰转债"发行上市情况 | 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2026-001 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 关于可转换公司债券转股结果暨股份变动公告 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： ● 累计转股情况：禾丰食品股份有限公司可转换公司债券（以下简称"禾 丰转债"）自 2022 年 10 月 28 日起开始转股，截至 2025 年 12 月 31 日，累计共 有 33,134,000 元"禾丰转债"转换为公司股份，因转股形成的股份数量为 3,229,516 股，占可转债转股前公司已发行股份总额的 0.35%。 经中国证券监督管理委员会证监许可[2022]662 号文核准，禾丰食品股份 ...