2025年10月30日，安德利(605198.SH)发布2025年三季报。 公司营业总收入为13.21亿元，在已披露的同业公司中排名第15。归母净利润为2.84亿元。经营活动现金净流入为8.41亿元。 公司最新毛利率为24.38%，较去年同期毛利率减少1.14个百分点。最新ROE为10.38%。 公司摊薄每股收益为0.82元。 公司最新总资产周转率为0.46次，在已披露的同业公司中排名第15。最新存货周转率为1.08次，在已披露的同业公司中排名第19。 公司股东户数为7021户，前十大股东持股数量为3.15亿股，占总股本比例为92.22%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 香港中央结算(代理人)有限公司 | 20.9 | | 2 | Donghua Fruit Industry Co.,Ltd. | 17.2. | | ന | 山东安德利集团有限公司 | 14.2. | | ব | 成都统一企业食品有限公司 | 12.4. | | 5 | China Pingan Investment Holdings Limited | 11 ...

Group 1 - The core point of the article is that Andeli reported significant growth in its financial performance for the first three quarters of 2025, with revenue and net profit both showing substantial year-on-year increases [1] Group 2 - For the first three quarters, Andeli achieved revenue of approximately 1.321 billion yuan, representing a year-on-year increase of 28.88% [1] - The company reported a net profit attributable to shareholders of approximately 284 million yuan, which is a year-on-year increase of 43.38% [1]

Core Insights - Andeli (605198.SH) reported its Q3 2025 results, revealing that as of October 29, 2025, eight institutional investors held a total of 223 million shares, representing 65.41% of the company's total equity [1] - The proportion of shares held by institutional investors decreased by 1.15 percentage points compared to the previous quarter [1] Institutional Holdings - The institutional investors include Donghua Fruit Industry Co., Ltd., Shandong Andeli Group Co., Ltd., Chengdu Unified Enterprise Food Co., Ltd., China Pingan Investment Holdings Limited, Guangzhou Unified Enterprise Co., Ltd., Yantai Xing'an Investment Center (Limited Partnership), Hong Kong Central Clearing (Agent) Co., Ltd., and the Basic Pension Insurance Fund 903 Combination [1] - The number of public funds that did not disclose holdings this quarter totaled 42, including Southern Core Growth Mixed A, Southern Innovation Growth Mixed A, Southern Preferred Value Mixed A, Tianhong CSI Food and Beverage ETF, and Southern Innovation Selected One-Year Open Mixed Initiation A [1] Foreign Investment - One foreign fund, Hong Kong Central Clearing (Agent) Co., Ltd., reduced its holdings compared to the previous quarter, with a slight decrease in shareholding percentage [2] - A new foreign institution, Donghua Fruit Industry Co., Ltd., was disclosed this quarter, while the same institution was not reported in the previous quarter [2]

Core Viewpoint - Andeli Juice (605198) reported significant growth in revenue and net profit for the first three quarters of 2025, indicating strong operational performance and market demand [1] Financial Performance - The company achieved a revenue of 1.321 billion RMB, representing a year-on-year increase of 28.88% [1] - Net profit attributable to shareholders reached 283 million RMB, marking a year-on-year growth of 43.38% [1] - After excluding non-recurring gains and losses, the net profit was 276 million RMB, reflecting a year-on-year increase of 37.67% [1] - Basic earnings per share stood at 0.82 RMB [1]

Core Insights - The company reported a revenue of 373 million yuan for Q3 2025, a year-on-year decrease of 5.06%, while net profit attributable to shareholders was 83 million yuan, an increase of 29.00% [1] - The decline in revenue is attributed to high shipments in Q2, but the company expects rapid revenue growth for the full year [1] - Domestic market revenue for Q3 was 106 million yuan, up 13.9% year-on-year, while international market revenue was 263 million yuan, down 11.5% year-on-year, indicating seasonal fluctuations [1] Financial Performance - Gross margin improved to 25.53%, an increase of 3.22 percentage points year-on-year [2] - The expense ratio decreased, primarily due to a reduction in financial expenses, with a total expense ratio of 5.02%, down 0.53 percentage points year-on-year [2] - Net profit margin for Q3 was 22.14%, up 5.85 percentage points year-on-year, driven by lower credit impairment losses [2] Capacity Expansion and Market Position - The company is expanding production capacity and diversifying its product matrix, which is expected to enhance market share [2] - Recent expansions in Akesu and Yan'an, along with new projects for decolorized and deacidified concentrated juice and NFC juice, will better meet customer demand and drive revenue growth [2] Investment Outlook - Projected revenues for 2025-2027 are 1.894 billion, 2.175 billion, and 2.393 billion yuan, representing year-on-year growth rates of 33.56%, 14.86%, and 10.00% respectively [3] - Expected net profits for the same period are 399 million, 438 million, and 490 million yuan, with growth rates of 52.92%, 9.96%, and 11.89% respectively [3] - The projected price-to-earnings ratios for 2025-2027 are 39.9, 36.3, and 32.4 times [3]

Core Viewpoint - Andeli Juice (02218.HK) reported significant growth in revenue and net profit for the first three quarters of 2025, indicating strong operational performance and market demand [1] Financial Performance - The company achieved a revenue of 1.321 billion RMB, representing a year-on-year increase of 28.88% [1] - Net profit attributable to shareholders reached 283 million RMB, marking a year-on-year increase of 43.38% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 276 million RMB, reflecting a year-on-year increase of 37.67% [1] - Basic earnings per share stood at 0.82 RMB [1]

Core Viewpoint - Andeli Juice (02218) reported a significant increase in revenue and net profit for the first three quarters of 2025, driven by a rise in customer orders and sales of concentrated juice [1] Financial Performance - The company's operating revenue reached approximately 1.321 billion yuan, representing a year-on-year growth of 28.88% [1] - The net profit attributable to shareholders was about 284 million yuan, showing a year-on-year increase of 43.38% [1] - Basic earnings per share stood at 0.82 yuan [1] Sales Growth Drivers - The increase in net profit is primarily attributed to a substantial rise in the sales volume of concentrated juice due to increased customer orders during the period from January to September 2025 [1]

海外監管公告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任 。 本公告乃烟台北方安德利果汁股份有限公司（「本公司」）根據《香港聯合交易所有限公司證券上市 規則》第 13.10B 條作出。 茲載列本公司於二零二五年十月二十九日在上海證券交易所網站刊發之《2025 年前三季度主要經營数 據公告》，僅供參閱。 承董事會命 烟台北方安德利果汁股份有限公司 董事長 王安 中國烟台，二零二五年十月二十九日 於本公告日期，本公司執行董事為王安先生、張輝先生、王萌女士及王艷輝先生，非執行董事為劉宗 宜先生及張偉先生，獨立非執行董事為龔凡先生、王雁女士及王常青先生。 *僅供識別 1 | 产品类别 | 2025 年 1-9 月 | 2024 年 | 1-9 月 | 同比变化（%） | | --- | --- | --- | --- | --- | | 果汁、香精 | 128,445.44 | | 98,210.50 | 30.79 | | 饲料 | 3,070.18 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任 。 海外監管公告 本公告乃烟台北方安德利果汁股份有限公司（「本公司」）根據《香港聯合交易所有限公司證券上市 規則》第 13.10B 條作出。 茲載列本公司於二零二五年十月二十九日在上海證券交易所網站刊發之《2025 年第三季度報告》，僅 供參閱。 承董事會命 烟台北方安德利果汁股份有限公司 董事長 王安 中國烟台，二零二五年十月二十九日 於本公告日期，本公司執行董事為王安先生、張輝先生、王萌女士及王艷輝先生，非執行董事為劉宗 宜先生及張偉先生，獨立非執行董事為龔凡先生、王雁女士及王常青先生。 *僅供識別 1 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 烟台北方安德利果汁股份有限公司 2025 年第三季度报告 证券代码：605198 证券简称：安德利 烟台北方安德利果汁股份有限公司 2025 年第三季度报告 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 ...

Financial Performance - For the third quarter of 2025, the company's operating revenue was CNY 372,845,505.84, representing a decrease of 5.06% compared to the same period last year[7]. - The total profit for the same period was CNY 82,561,450.38, an increase of 29.00% year-on-year[7]. - The net profit attributable to shareholders was CNY 82,561,450.38, reflecting a year-on-year increase of 29.00%[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 78,440,453.29, up 29.54% compared to the previous year[7]. - Basic earnings per share for the third quarter were CNY 0.24, an increase of 33.33% compared to the same period last year[7]. - Total revenue for the first three quarters of 2025 reached CNY 1,320,921,582.56, an increase of 29.0% compared to CNY 1,024,913,635.73 in the same period of 2024[20]. - Operating profit for the first three quarters of 2025 reached ¥283.77 million, a significant increase of 43.3% compared to ¥198.03 million in the same period of 2024[22]. - Net profit for the first three quarters of 2025 was ¥283.66 million, up 43.3% from ¥197.83 million in 2024[22]. - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.82, compared to ¥0.57 in 2024, reflecting a 43.9% increase[22]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date period reached CNY 841,260,445.04, a significant increase of 211.27%[7]. - Cash flow from operating activities for the first three quarters of 2025 was ¥841.26 million, a substantial increase from ¥270.27 million in 2024[25]. - Total cash inflow from investment activities in the first three quarters of 2025 was ¥1.76 billion, down from ¥2.71 billion in 2024, resulting in a net cash outflow of ¥221.02 million[25]. - Cash flow from financing activities showed a net outflow of ¥171.78 million in 2025, compared to a net outflow of ¥115.52 million in 2024[27]. - The total cash and cash equivalents at the end of the first three quarters of 2025 amounted to ¥683.25 million, slightly down from ¥691.87 million at the end of 2024[27]. - The company's cash and cash equivalents increased significantly to CNY 683,253,709.05 as of September 30, 2025, compared to CNY 236,454,035.09 at the end of 2024, representing a growth of 189.5%[15]. Assets and Liabilities - Total assets as of September 30, 2025, were CNY 2,915,155,592.96, up 4.88% from the end of the previous year[7]. - The total assets of the company as of September 30, 2025, amounted to CNY 2,915,155,592.96, an increase from CNY 2,779,525,659.87 at the end of 2024, reflecting a growth of 4.9%[16]. - The total liabilities increased to CNY 182,049,336.32 from CNY 133,760,117.56, marking a rise of 36.0%[17]. - The equity attributable to shareholders increased to CNY 2,733,106,256.64, a rise of 3.30% from December 31, 2024[7]. - The total equity attributable to the owners of the parent company increased to CNY 2,733,106,256.64 from CNY 2,645,765,542.31, reflecting a growth of 3.3%[17]. - The company's retained earnings reached CNY 2,423,089,444.54, up from CNY 2,224,726,971.12, indicating an increase of 8.9%[17]. Operational Highlights - The significant increase in profit was primarily driven by a substantial rise in the sales volume of concentrated juice due to increased customer orders[10]. - The company reported a year-to-date net profit increase of 43.38% attributed to the same factors of increased sales volume[10]. - Total operating costs for the first three quarters of 2025 were CNY 1,046,081,300.91, up 29.6% from CNY 806,932,062.01 in the previous year[20]. - Research and development expenses for the first three quarters of 2025 were CNY 9,012,557.08, compared to CNY 6,693,387.16 in the same period of 2024, showing a growth of 34.8%[20]. - The company reported a net investment income of CNY 6,061,674.33 for the first three quarters of 2025, down from CNY 7,639,053.26 in the previous year[20]. Tax and Expenses - The company reported a tax expense of ¥88.89 million for the first three quarters of 2025, a decrease from ¥184.84 million in 2024[22]. - The company paid ¥586.25 million for purchases of goods and services in the first three quarters of 2025, a decrease from ¥603.03 million in 2024[25].