Core Viewpoint - The report details the equity changes of Shanghai Yuanzu Mengguozi Co., Ltd., indicating a reduction in shareholding by the information disclosure obligors, which has brought their combined ownership below 5% of the total shares [1][2]. Group 1: Information Disclosure Obligors - The information disclosure obligors are Zhuhai Lanxin Growth Consulting Management Partnership (Limited Partnership) and Lanxin Management Consulting (Tianjin) Co., Ltd. [1][4] - The registered capital of Zhuhai Lanxin is RMB 65.38 million, and it was established on November 2, 2015 [4][5]. - Lanxin Management has a registered capital of RMB 1 million and was established on October 26, 2011 [5]. Group 2: Shareholding Changes - Before the equity change, Lanxin Growth held 8,338,277 shares (3.47% of total shares), which decreased to 7,700,077 shares (3.21%) after the change [7][8]. - Lanxin Management's shares decreased from 4,800,000 (2.00%) to 4,300,000 (1.79%) [7][8]. - The total shares held by both obligors decreased from 13,138,277 (5.47%) to 12,000,077 (5.00%) [7][8]. Group 3: Purpose and Future Plans - The purpose of the equity change was for the obligors' own financial planning and reduction of holdings [6][7]. - The obligors plan to reduce up to 2,400,000 shares (not exceeding 1% of total shares) through centralized bidding from July 30, 2025, to October 29, 2025 [6][7]. Group 4: Compliance and Legal Responsibility - The report confirms that the information disclosure obligors have complied with relevant laws and regulations, ensuring the report does not contain false records or misleading statements [2][11]. - The obligors are responsible for the truthfulness, accuracy, and completeness of the report [2][11].

Core Viewpoint - The announcement details a reduction in shareholding by major shareholders of Yuanzu Co., with the shareholding percentage decreasing from 5.47% to 5.00% due to recent transactions [1][2]. Group 1: Shareholding Changes - Zhuhai Lanxin Growth Consulting Management Partnership (Limited Partnership) and its action-in-concert party, Lanxin Management Consulting (Tianjin) Co., Ltd., have reduced their combined shareholding from 5.47% to 5.00% [1][2]. - The reduction involved a total of 1,138,200 shares, with Lanxin Growth selling 638,200 shares (0.27% of total shares) and Lanxin Management selling 500,000 shares (0.21% of total shares) during the period from July 30, 2025, to August 7, 2025 [2]. Group 2: Compliance and Reporting - The shareholding change aligns with previously disclosed plans, and the company has prepared a simplified equity change report in accordance with relevant regulations [3]. - The company assures that the information provided by the shareholders is true, accurate, and complete, with no false records or misleading statements [1].

证券代码：603886 证券简称：元祖股份 公告编号：2025-028 上海元祖梦果子股份有限公司 关于持股 5%以上股东权益变动触及 5%刻度的提示性 公告 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | 5%以上大股东及其一致行动人 ☑其他 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | 珠海兰馨成长咨询管 | □ | 控股股东/实控人 | | | 理合伙企业（有限合 | □ 行动人 | 控股股东/实控人的一致 | 91440400MA4UJHX52B ☑ □ 不适用 | | 伙） | ☑ | 其他直接持股股东 | | | 投资者名称 | 变动前股数 | 变动前 | 变动后股数 | 变动后 | 权益变动方式 | | 权益变动的 | | --- | --- | --- | --- | - ...

证券代码：603886 证券简称：元祖股份 上海元祖梦果子股份有限公司 简式权益变动报告书 上市公司名称：上海元祖梦果子股份有限公司 股票上市地点：上海证券交易所 股票简称：元祖股份 股票代码：603886 信息披露义务人一：珠海兰馨成长咨询管理合伙企业（有限合伙） 住所：珠海市横琴新区宝华路 6 号 105 室-7851（集中办公区） 通讯地址：广州市天河区天河路 208 号天河城东塔楼第 24 层 01 单元 信息披露义务人二：兰馨管理咨询（天津）有限公司 住所：天津滨海高新区华苑产业区工华道壹号 D 座 2 门 11 层 K78 通讯地址：广州市天河区天河路 208 号天河城东塔楼第 24 层 01 单元 股份变动性质：股份减少，合计拥有权益的股份触及 5%整数倍 签署日期：二〇二五年八月九日 信息披露义务人声明 一、信息披露义务人依据《公司法》《证券法》《收购管理办法》《公开 发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》等 相关法律、法规和规范性文件编写本权益变动报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《公司法》《证券法》《收购管理办法》《公开 ...

Group 1 - The latest stock price of Yuanzu Co., Ltd. is 12.75 yuan, with an increase of 0.03 yuan compared to the previous trading day. The intraday high reached 12.82 yuan, while the low was 12.71 yuan, with a trading volume of 22,902 hands and a transaction amount of 0.29 billion yuan [1] - Yuanzu Co., Ltd. operates in the food and beverage industry, focusing on the research, production, and sales of baked goods. The company employs a direct chain operation model, offering products such as cakes, mooncakes, zongzi, and other seasonal and daily baked goods [1] - The company recently stated on its investor interaction platform that it will adhere to a steady expansion strategy, aiming to increase the number of stores by more than 10 each year. In terms of regional expansion, it will focus on GDP top 100 cities and untapped markets in South China. The company emphasizes enhancing profitability through precise site selection and cost reduction measures [1]

Group 1 - The Shanghai Composite Index closed at 3567.02 points, above the annual line, with a change of 0.20% [1] - The total trading volume of A-shares reached 932.32 billion yuan [1] - A total of 19 A-shares have surpassed the annual line today, with notable stocks including CITIC Hanzhi, Shanghai Jianke, and ST Lifang, showing significant deviation rates of 4.72%, 2.04%, and 1.68% respectively [1] Group 2 - The stocks with the highest deviation rates from the annual line include: - CITIC Hanzhi (6.26% increase, 7.31% turnover rate, latest price 23.41 yuan, deviation rate 4.72%) - Shanghai Jianke (2.61% increase, 3.48% turnover rate, latest price 18.06 yuan, deviation rate 2.04%) - ST Lifang (3.86% increase, 5.71% turnover rate, latest price 5.92 yuan, deviation rate 1.68%) [1] - Other stocks with smaller deviation rates that have just crossed the annual line include: - Guangdong Hai Feed, Longtou Shares, and Aibulu [1]

Investment Rating - The report maintains a "Buy" rating for the company [4][10][7] Core Views - Due to pressure in the festive gifting consumption market and a decrease in net profit in the first half of the year, the sales growth expectations for core categories such as cakes and Chinese and Western pastries have been revised downwards. The opening rhythm of new stores and the improvement in sales expense ratios have also been adjusted. The earnings forecast for the company has been updated, with expected EPS for 2025-2027 at 0.81, 0.94, and 1.12 yuan respectively, down from previous forecasts of 1.41 and 1.52 yuan for 2025 and 2026. Given the company's ongoing multi-brand and multi-channel layout, the recovery in profitability is considered to have strong certainty, leading to a target price of 14.58 yuan based on a 18x PE for 2025 [4][10][11] Financial Information Summary - The company's projected revenue for 2025 is 2,267 million yuan, with a year-on-year decline of 2.0%. The operating profit is expected to be 274 million yuan, down 20.1% year-on-year. The net profit attributable to the parent company is forecasted at 195 million yuan, a decrease of 21.5% year-on-year. The EPS for 2025 is estimated at 0.81 yuan [6][12] - The gross margin is projected to be 62.8% in 2025, with a net margin of 8.6%. The return on equity (ROE) is expected to be 11.9% [6][12] - The company plans to open more than last year, with over 770 stores by July 2025, indicating a slight acceleration in store openings [9][10]

Core Insights - The total salary scale for CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - The average salary for CFOs in the food industry is 777,800 yuan, which is below the market average [1][5] - The age distribution shows that 54% of CFOs are aged between 40 and 50, while only 9.16% are aged between 30 and 40 [1] Salary Analysis - The total salary for CFOs in the food and beverage industry is 101 million yuan, with an average salary of 777,800 yuan [5] - The highest salary among CFOs is 4.65 million yuan for Jiang Leifeng of Shui Jing Fang, who saw an increase of 1.58 million yuan in 2024 [5] - The lowest salary recorded is 16,600 yuan for Xu Wen of Maiqu'er, who has faced continuous losses since 2022 [5] Educational Background - The majority of CFOs hold a bachelor's degree, accounting for 58%, followed by master's degrees at 28% [3] - There is one PhD holder among the CFOs, and one with a vocational education background [3]

Group 1 - The company expects to achieve a net profit attributable to shareholders of the parent company between 1 million and 1.48 million yuan for the first half of 2025, representing a decrease of 32.01 million to 31.53 million yuan compared to the same period last year, a year-on-year decline of 97% to 96% [1][2] - The company anticipates a net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, to be between -29.8 million and -44 million yuan, a decrease of 51.65 million to 65.85 million yuan compared to the same period last year, reflecting a year-on-year decline of 236% to 301% [2] - The performance forecast is based on preliminary estimates by the company's finance department and has not been audited by an accounting firm [2][3] Group 2 - In the same period last year, the company reported a total profit of 47.81 million yuan, a net profit attributable to shareholders of the parent company of 33.01 million yuan, and a net profit attributable to shareholders after deducting non-recurring gains and losses of 21.85 million yuan [2] - The company reported earnings per share of 0.14 yuan for the previous year [2] - The primary reasons for the profit reduction include pressure from the macro consumption market, intensified industry competition, and the costs associated with opening new stores in southern markets, which have not yet fully translated into revenue growth [2]

[Performance Forecast Summary](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company expects a significant decline in its 2025 first-half performance, with net profit attributable to shareholders projected to decrease by 96% to 97% and a significant net loss after deducting non-recurring items 2025 Semi-Annual Performance Forecast | Metric | 2025 Semi-Annual Estimate (million yuan) | Prior Period (million yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent | 1 to 1.48 | 33.01 | ↓ 96% to 97% | | Net Profit Attributable to Parent (Excluding Non-Recurring Items) | -29.8 to -44 | 21.85 | ↓ 236% to 301% | - This performance forecast is a preliminary estimate based on the company's operating conditions and has not yet been audited by an accounting firm[4](index=4&type=chunk) [Prior Period Performance Review](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) The company demonstrated stable financial performance in the first half of 2024, achieving a net profit attributable to shareholders of 33.01 million yuan and earnings per share of 0.14 yuan 2024 Semi-Annual Key Financial Data | Metric | Amount (million yuan) | | :--- | :--- | | Total Profit | 47.81 | | Net Profit Attributable to Parent | 33.01 | | Net Profit Attributable to Parent (Excluding Non-Recurring Items) | 21.85 | | Earnings Per Share | 0.14 yuan | [Analysis of Performance Decline](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%87%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The current period's performance decline is primarily due to the dual impact of external market conditions and internal strategic adjustments, leading to reduced revenue and compressed profit margins - External factors: Macroeconomic consumer market demand pressure and intensified industry competition led to a decrease in operating revenue[6](index=6&type=chunk) - Internal strategic adjustments: The company actively expanded into new markets in southern China, but new store revenue growth requires time, while fixed costs such as rent and salaries are high[6](index=6&type=chunk) - Store optimization: The company implemented an optimization and closure strategy for underperforming stores in mature markets[6](index=6&type=chunk) - Future outlook: The company is confident in its long-term development and plans to enhance market competitiveness through precise marketing and differentiated strategies[6](index=6&type=chunk) [Risk Warning and Other Matters](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company emphasizes that this performance forecast data is a preliminary calculation and unaudited, with the final accurate financial data subject to the officially disclosed 2025 semi-annual report - This performance forecast data is a preliminary estimate by the company's finance department, unaudited by an accounting firm, and subject to uncertainty[7](index=7&type=chunk) - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report; investors are advised to pay attention to investment risks[8](index=8&type=chunk)