证券代码：603719 证券简称：良品铺子 公告编号：2025-019 良品铺子股份有限公司 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 20 日 (二)股东大会召开的地点：公司 5 楼会议室（武汉市东西湖区金银湖航天路 1 号 良品大厦） (三)出席会议的普通股股东和恢复表决权的优先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 | 236 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 234,948,956 | | 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 | | | 份总数的比例（%） | 58.5907 | (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，董事长程虹先生主持，会议采用现场结合 通讯的方式召开，采用现场投票和网络投票相结合的表决方式进 ...

北京市金杜（广州）律师事务所 关于良品铺子股份有限公司 2024 年年度股东大会 之法律意见书 致：良品铺子股份有限公司 北京市金杜（广州）律师事务所（以下简称本所）接受良品铺子股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》） 《中华人民共和国公司法》（以下简称《公司法》）《上市公司股东会规则》（以 下简称《股东会规则》）等中华人民共和国境内（以下简称中国境内，为本法律 意见书之目的，不包括中国香港特别行政区、中国澳门特别行政区和中国台湾地 区）现行有效的法律、行政法规、规章和规范性文件和现行有效的公司章程有关 规定，指派本所律师出席了公司于2025年5月20日召开的公司2024年年度股东大 会（以下简称本次股东大会），并就本次股东大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 在本法律意见书中，本所仅对本次股东大会召集和召开的程序、出席本次股 东大会人员资格和召集人资格及表决程序、表决结果是否符合有关法律、行政法 规、《股东会规则》和《公司章程》的规定发表意见，并不对本次股东大会所审 议的议案内容以及该等议案所表述的 ...

Group 1: Company Developments - Proya is considering overseas acquisitions to fill gaps in its product lines, including baby care, perfumes, and men's skincare, with plans to introduce new brands to the domestic market [1] - Warner Bros. has appointed Sirena Liu as the General Manager of its China Film Division, indicating a potential increase in content investment in China and exploration of new collaboration models [2] - Good Products has undergone significant management changes, with Cheng Hong taking over as Chairman and Yang Hongchun as Manager, signaling a shift towards a professional management structure amid increasing competition in the snack industry [4] Group 2: Industry Trends - The construction of a new Spider-Man themed area at Shanghai Disneyland marks a significant milestone in the park's expansion, aimed at attracting younger families and enhancing visitor engagement through diverse offerings [3] - The expansion reflects ongoing optimism in the Chinese market and suggests a new growth cycle driven by content in the cultural tourism industry [3]

Group 1: Market Performance - The three major indices showed fluctuations, with the Shanghai Composite Index closing flat, the Shenzhen Component down 0.08%, and the ChiNext Index down 0.33%. Over 3,300 stocks rose in the two markets, with a total trading volume of approximately 1.09 trillion yuan [2] Group 2: Shipping and Port Sector - The port and shipping sector saw significant gains, with Lianyungang (601008.SH), Nanjing Port (002040.SZ), and Ningbo Maritime (600798.SH) rising by 10%. Ningbo Ocean Shipping (601022.SH) also experienced a substantial increase [2] - Huayuan Securities noted that the 90-day US-China tariff window has triggered a surge in shipping demand on US routes, which is expected to boost both volume and price. Additionally, Asian route shipping rates may benefit from spillover effects, positively impacting related companies' performance [2] Group 3: Real Estate Sector - The real estate sector strengthened, with Shahe Co. (000014.SZ) rising by 10%, and Vanke A (000002.SZ), Poly Developments (600048.SH), Tianbao Infrastructure (000965.SZ), and Shibei Hi-Tech (600604.SZ) also seeing increases [2] - The National Bureau of Statistics indicated that the real estate market stabilized in April due to various policies aimed at promoting recovery. Future demand for green, smart, and safe housing is expected to grow, with significant prospects for upgrading old residential areas and improving real estate construction quality [2] Group 4: Mergers and Acquisitions - Mergers and acquisitions concept stocks showed strong movements, with Guangzhi Technology (300489.SZ) and Jinlihua Electric (300069.SZ) rising by 20%, and Zongyi Co. (600770.SH), Binhai Energy (000695.SZ), and Jinhongshun (603922.SH) increasing by 10% [3] - The China Securities Regulatory Commission recently announced amendments to the "Management Measures for Major Asset Restructuring of Listed Companies," encouraging private equity funds to participate in mergers and acquisitions, establishing simplified review procedures, and introducing a phased payment mechanism [3] Group 5: Food Processing Sector - The food processing and manufacturing sector performed well, with Three Squirrels (300783.SZ), Liangpinpuzi (603719.SZ), Jinzhai Food (003000.SZ), and Maiqu'er (002719.SZ) all seeing increases [4] - The Ministry of Commerce and the National Development and Reform Commission jointly released the "Measures for Promoting and Managing the Catering Industry," which will take effect on June 15, 2025. The measures include 25 provisions aimed at promoting the industry, including support for international cooperation, digital development, and local specialty catering cultivation [4]

5月17日，2025湖北潜江龙虾产业博览会现场，良品铺子（603719）与当地头部餐饮品牌"虾皇"正式签 订战略合作协议。作为"寻味中国好原料"第二站，此次合作以"原产地+好原料"为核心，再次刷新零食 的地域风味边界。 良品铺子表示，今年4月28日，由央视农业中心、良品铺子、京东及7县市政府联合发起的"寻味中国好 原料暨CMG乡村地域特色首发经济启动仪式"在湖北秭归县举行。活动现场，秭归、潜江等荆楚7县主 要领导授予良品铺子"区域公用品牌生态战略合作伙伴"称号，三方达成"长期原料直采、标准共建、品 牌共推"的合作机制。 此次潜江站活动，是良品铺子"寻找中国好原料"之旅的第二站。潜江，这座"中国小龙虾之乡"，在中国 小龙虾产业中占据着举足轻重的地位。2024年，在全国416个区域公用品牌参与的中国地理标志农产品 (水产)区域公用品牌声誉排行榜中，"潜江龙虾"以846.89的高分荣登榜首。 良品铺子表示，公司围绕"品质食品、品牌引领、生态经营、以人为本"的16字经营策略，今年，良品铺 子将深入全国50个原产地产区，再建10个核心原料基地，打造从"泥土到食品"的全产业链价值闭环，为 消费者带去更多原产地好物。(胡敏 ...

Core Viewpoint - The company reported a decline in revenue and net profit for the year 2024, indicating challenges in the market and operational adjustments [13][16]. Group 1: Meeting Details - The annual shareholder meeting for 2024 is scheduled for May 20, 2025, with both on-site and online voting options available [1]. - The meeting will be chaired by Chairman Cheng Hong, and various proposals will be discussed, including the annual work report and financial decisions [2][4]. Group 2: Board of Directors' Performance - The Board of Directors held four meetings in 2024, discussing 30 topics, all of which were unanimously approved [2]. - The Board emphasized strategic guidance for business transformation, focusing on enhancing operational efficiency and product innovation [6]. Group 3: Financial Performance - The company's revenue for 2024 was approximately 7.16 billion RMB, a decrease of 11.02% compared to 2023 [13]. - The net profit attributable to shareholders was a loss of approximately 46.10 million RMB, a significant decline from a profit of 180.29 million RMB in the previous year [13]. - The company reported a basic earnings per share of -0.12 RMB, down 126.67% from 0.45 RMB in 2023 [14]. Group 4: Strategic Initiatives - The company is focusing on a "natural health new snack" strategy, emphasizing product innovation and supply chain efficiency [6]. - A total of over 500 health snack products have been upgraded, covering various categories, with some products performing exceptionally well in sales [6]. Group 5: Investor Relations and Returns - The company maintained a 100% response rate to investor inquiries and conducted online performance briefings to enhance communication with investors [8]. - In June 2024, the company implemented a semi-annual dividend distribution, paying 2.49 RMB per 10 shares, totaling approximately 99.85 million RMB [8][9]. Group 6: Audit and Compliance - The financial statements for 2024 were audited by PwC, receiving a standard unqualified opinion [13]. - The Supervisory Board confirmed that the company operated in compliance with relevant laws and regulations, with no significant issues identified [10][11]. Group 7: Future Plans - The company plans to continue enhancing governance, improving operational efficiency, and maintaining effective communication with investors in the upcoming year [9].

良品铺子股份有限公司 2024 年年度股东大会 会议资料 二零二五年五月 良品铺子股份有限公司 2024 年年度股东大会 一、现场会议召开时间和地点： 三、会议表决方式：现场投票和网络投票相结合。 四、会议主持人：董事长程虹先生。 五、会议审议议案： | 序号 | 议案名称 | | --- | --- | | | 非累积投票议案 | | 1 | 公司董事会 2024 年度工作报告 | | 2 | 公司监事会 年度工作报告 2024 | | 3 | 关于公司《2024 年度财务决算报告》的议案 | | 4 | 年度利润分配预案》的议案 关于公司《2024 | | 5 | 关于公司 年年度报告全文及摘要的议案 2024 | | 6 | 关于续聘公司 2025 年度财务审计机构和内部控制审计机构的议案 | | 7 | 关于公司及控股子公司 年度向金融机构申请综合授信额度及提 2025 | | | 供相应担保并授权经理层办理的议案 | | 8 | 关于使用部分闲置自有资金进行现金管理并授权经理层进行投资决 | | | 策并组织实施的议案 | | | 累积投票议案 | | 9.00 | 关于选举独立董事的议案 | | ...

本次担保金额及已实际为良品工业提供的担保余额：公司本次以连带责 任保证的形式为良品工业担保的最高债权额为人民币 2 亿元。截至 2025 年 5 月 9 日，公司已实际为良品工业提供的担保余额为 19,067.32 万元。 证券代码：603719 证券简称：良品铺子 公告编号：2025-018 良品铺子股份有限公司 关于为全资子公司提供银行授信担保的进展公告 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： 本次被担保人为湖北良品铺子食品工业有限公司（以下简称"良品工业"）， 为良品铺子股份有限公司（以下简称"公司"）全资子公司，不属于公司关联人。 特别风险提示：截至本公告披露日，公司及控股子公司担保金额超过最 近一期经审计净资产 50%，均为公司对全资子公司提供的担保，敬请投资者注意 相关风险。 一、担保情况概述 近日，公司（即保证人）与招商银行股份有限公司（即债权人，以下简称"招 商银行"）签署了担保合同，约定公司为全资子公司良品工业（即债务人）向招 商银行申请银行综合授信提供担保，本次被担保最高债权额为人民币 ...

Group 1: Plant-Based Beverage Industry - The plant-based beverage industry is experiencing a divergence in performance among major companies, with some like Yangyuan Beverage seeing profit growth despite a slight revenue decline, while others like Huanlejia face declines in both revenue and profit [2] - Traditional plant-based beverages are limited by seasonal demand and face competition from emerging categories, necessitating innovation to meet the health-conscious preferences of younger consumers [2] Group 2: Chinese Condiment Industry - The Chinese condiment industry has evolved from a focus on export during the planned economy era to becoming a global rule-maker, with companies like Haitian Flavoring and Lee Kum Kee leading the way [3][4] - The industry is leveraging cultural exports and technological innovation to reshape its landscape, emphasizing quality and innovation to support the globalization of Chinese flavors [4] Group 3: Community Supermarkets - Community supermarkets are gaining traction, with brands like Ole' and Hema NB expanding rapidly, focusing on middle-class consumers and enhancing product quality and efficiency [5] - The core competitiveness of community supermarkets lies in product control and operational efficiency, requiring deep supply chain engagement and digital tool application [5] Group 4: Health and Wellness Trends - There is a growing trend among young consumers towards "light wellness" products, with a focus on health-conscious beverages that are low in sugar and calories [6] - Boxed water products have seen significant sales growth, with products like fig and flaxseed water experiencing a 130% increase in sales [6] Group 5: Instant Food Market - The instant food market is shifting from high-end products to a focus on affordability, with budget products now accounting for nearly 50% of the instant noodle market [7] - Future opportunities lie in diversifying flavors and adjusting strategies to meet the differentiated demands of various market segments [7] Group 6: Aging Population and Bakery Market - The aging population is driving demand for soft-textured baked goods, with health-oriented and age-appropriate products becoming market hotspots [9] - Innovations inspired by Japanese practices, such as low-sugar and low-salt options, are key directions for the industry [9] Group 7: Snack Food Market Forecast - The Chinese snack food market is projected to grow to 972 billion yuan by 2025, with nut snacks holding the largest market share [10] - The industry is witnessing a shift towards health-oriented ready-to-eat products, with e-commerce and live streaming becoming significant growth drivers [10] Group 8: Beverage Market Dynamics - The beverage market is undergoing adjustments, with significant growth in electrolyte water and tea beverages, while packaged water sales are declining [12] - Companies like Nongfu Spring and Eastroc Beverage are experiencing contrasting performance, highlighting the competitive landscape [12] Group 9: Pre-made Dishes Market - The pre-made dishes market is experiencing a cooling phase, with many leading companies facing revenue declines due to changing consumer demands and increased competition [14] - Opportunities remain in local specialties and high-end products, with new retail channels emerging as growth points [14] Group 10: Health Drink Innovations - The market for Chinese herbal health drinks is expanding rapidly, with sales increasing from 0.1 billion yuan in 2018 to an expected 10 billion yuan by 2028 [19] - Companies are focusing on packaging, formulation, and marketing to differentiate themselves in a competitive landscape [19] Group 11: Functional Beverage Market - The functional beverage market is becoming increasingly diverse, with brands like Zhenguanzhuang entering the market with zero-sugar options targeting health-conscious consumers [32] - The collaboration between Zhenguanzhuang and Super Extreme Drink aims to fill market gaps and cater to the preferences of the younger generation [32] Group 12: Snack Food IPO Trends - Recent trends show a surge in snack food companies seeking IPOs in Hong Kong, with brands like Three Squirrels aiming to solidify their market position [21] - These companies face challenges related to competition and growth bottlenecks, despite their ambitions for expansion [21]

Investment Rating - The report maintains a "Buy" investment rating for the company [5]. Core Views - The company is experiencing pressure on profits due to strategic adjustments, with a focus on lean management to improve efficiency [2][9]. - The introduction of new products is expected to drive revenue growth, particularly in the group buying segment, which saw a 19% increase in revenue [3]. - The company is actively optimizing its store model and reducing the number of underperforming stores to enhance profitability [3][9]. Financial Performance Summary - In 2024, the company reported total revenue of 7.159 billion yuan, a decrease of 11% year-on-year, with a net loss of 46 million yuan, a decline of 126% [1][11]. - The gross margin for 2024 and Q1 2025 decreased by 2 percentage points to 26.14% and 24.64%, respectively, primarily due to price reductions on certain products [2]. - The net profit margin also declined, with figures of -0.69% for 2024 and -2.10% for Q1 2025, attributed to reduced gross margins and increased asset impairments [2]. Earnings Forecast - The company is projected to launch a new brand focused on "natural healthy snacks" in 2024, which may initially pressure profits but is expected to perform well post-upgrade [4]. - Earnings per share (EPS) estimates for 2025-2027 are 0.06, 0.19, and 0.29 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 198, 62, and 41 times [9][11].