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十一月二十五日在上海證券交易所網站刊發之《關於控股股東及其一致行 動人權益變動觸及 5%整倍數的提示性公告》，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，二零二五年十一月二十五日 关于控股股东及其一致行动人权益变动 触及 5%整倍数的提示性公告 控股股东 Donghua Fruit Industry Co.,Ltd.及其一致行动人山东安德利集团有 限公司、China Pingan Investment Holdings Limited、Hongan International Investment Company Limited 保证向烟台北方安德利果汁股份有限公司（以下简称 "公司"或"本公司"）提供的信 ...

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 。 董事長 王安 中國烟台，二零二五年十一月二十五日 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十一月二十五日在上海證券交易所網站刊發之《關於控股股東及其一致行 動人權益變動觸及 5%整倍數的提示性公告》，僅供參閱。 承董事會命 烟台北方安德利果汁股份有限公司 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 2025-063 证券代码：605198 证券简称：安德利 公告编号： 关于控股股东及其一致行动人权益变动 触及 5%整倍数的提示性公告 控股股东 Donghua Fruit Industry Co.,Ltd.及其一致行动人山东安德利集团有 限公司、China ...

格隆汇11月25日丨安德利(605198.SH)公布，本公司于2025年11月25日收到控股股东Donghua Fruit Industry Co.,Ltd.的《关于减持股份及权益变动的告知函》，其于2025年10月30日至2025年11月25日期 间，通过集中竞价减持持有的公司股份184.9900万股，减持平均价格为41.15元/股，占公司总股本的比 例为0.54%，其与一致行动人合计持有公司股份比例由45.54%变为45.00%，权益变动触及5%的整倍 数。 ...

信息披露义务人：Donghua Fruit Industry Co.,Ltd. 注册地址：英属维尔京群岛 通讯地址：烟台市牟平区新城大街 888 号 烟台北方安德利果汁股份有限公司 简式权益变动报告书 上市公司名称：烟台北方安德利果汁股份有限公司 股票上市地点：上海证券交易所（A 股）、香港联合交易所（H 股） 股票简称：安德利（A 股）、安德利果汁（H 股） 股票代码：605198.SH、02218.HK 信息披露义务人的一致行动人：山东安德利集团有限公司 注册/通讯地址：烟台市牟平区新城大街 888 号 信息披露义务人的一致行动人：China Pingan Investment Holdings Limited 注册地址：英属维尔京群岛 通讯地址：烟台市牟平区新城大街 888 号 信息披露义务人的一致行动人：Hongan International Investment Company Limited 注册地址：英属维尔京群岛 通讯地址：烟台市牟平区新城大街 888 号 股份变动性质：股份减少，信息披露义务人及其一致行动人合计权益变动触及 5%整倍 数 签署日期：2025 年 11 月 25 日 | | ...

2025-063 证券代码：605198 证券简称：安德利 公告编号： 关于控股股东及其一致行动人权益变动 触及 5%整倍数的提示性公告 控股股东 Donghua Fruit Industry Co.,Ltd.及其一致行动人山东安德利集团有 限公司、China Pingan Investment Holdings Limited、Hongan International Investment Company Limited 保证向烟台北方安德利果汁股份有限公司（以下简称 "公司"或"本公司"）提供的信息真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 45.54% | | | | 权益变动后合计比例 | 45.00% | | | | 本次变动是否违反已作出的 | 是□ | 否☑ | | | 承诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一 ...

南财智讯11月25日电，安德利公告，2025年10月30日至2025年11月25日期间，信息披露义务人 DonghuaFruitIndustryCo.,Ltd.通过集中竞价方式减持公司股份合计184.99万股，占公司总股本的0.54%。 本次权益变动完成后，DonghuaFruitIndustryCo.,Ltd.及其一致行动人山东安德利集团有限公司、 ChinaPinganInvestmentHoldingsLimited、HonganInternationalInvestmentCompanyLimited合计持有公司股 份由15,538.9960万股减少至15,354.0060万股，持股比例由45.54%下降至45.00%，权益变动已完成。截 至本报告书签署之日，上述减持计划尚未实施完毕，未来12个月内无其他增减持计划。 ...

Core Viewpoint - Company has established a strong production layout in the concentrated juice industry, focusing on proximity to raw material production areas and expanding its processing capacity in key regions [1] Group 1: Production Layout - Company has invested in 10 modern processing bases across seven major apple-producing provinces in China, including Shandong, Shaanxi, Shanxi, Liaoning, Jiangsu, Sichuan, and Xinjiang [1] - A cooperation agreement was signed with Suizhong County government to invest approximately 160 million yuan in a juice processing production line project, which will have an annual processing capacity of 120,000 tons of apples and pears upon completion [1] - The company operates 20 juice production lines with a designed annual processing capacity of 1 million tons, positioning it among the leaders in the global concentrated juice processing industry [1] Group 2: Competitive Advantages - The company's layout strategy of "multi-region collaboration and large-scale processing" helps reduce raw material transportation costs and allows for quick responses to production and order demands in different regions [1] - Company has established long-term stable partnerships with fruit farmers, leveraging its regional layout and financial advantages, and has built a good reputation in various areas [1] Group 3: Financial Impact - Since its establishment, the company has paid approximately 14 billion yuan to farmers for raw materials [1] - For the year 2025, the overall purchase price of raw fruits is expected to be lower than that of 2024, based on industry supply and demand and the company's actual procurement situation [1]

Investment Rating - Investment advice indicates a sector recovery catalyzed by recent CPI data, focusing on growth and supply-demand inflection points [5][16]. Core Views - The report emphasizes the importance of consumer goods growth, particularly in beverages, snacks, and food ingredients, while also highlighting structural opportunities in the baijiu sector [5][16]. - CPI data shows a positive trend with October CPI year-on-year at +0.2% and core CPI at +1.2%, indicating a recovery in domestic demand [6][16]. - The baijiu industry is undergoing accelerated clearing, with expectations for improved sales and inventory adjustments leading into 2026 [7][16]. - Consumer goods are expected to benefit from stabilization and recovery, with a focus on low valuation and high dividend stocks [8][16]. Summary by Sections Investment Recommendations - Recommended baijiu stocks include Shanxi Xinghuacun Fen Wine Factory, Gujing Distillery, and stable targets like Kweichow Moutai and Wuliangye [5][16]. - Beverage growth is highlighted with recommendations for Eastroc Beverage and Nongfu Spring, alongside low valuation stocks like China Foods and Tingyi [5][16]. - Snack and food ingredient stocks recommended include Bailong Chuangyuan, Yankershop Food, and Three Squirrels [5][16]. - Beer recommendations include Yanjing Brewery and Tsingtao Brewery, while condiment stocks like Haitian Flavoring & Food are also suggested [5][16]. Baijiu Sector Insights - The baijiu sector is experiencing a significant adjustment, with industry destocking still in progress and a focus on promotional sales for 2026 [7][16]. - Recent sales data from JD.com shows a +18% year-on-year increase in liquor sales during the Double 11 shopping festival, indicating a positive market response [7][16]. Consumer Goods Outlook - Consumer goods are expected to see growth as the mainline, with structural differentiation evident in beverages, snacks, and health products [8][16]. - The report notes that companies with product innovation and channel expansion will have growth advantages, particularly in the context of recent service and non-food price recoveries [8][16].

Core Viewpoint - Andeli's stock price has experienced fluctuations, with a year-to-date increase of 44.47% but a recent decline of 12.48% over the last five trading days [1] Group 1: Stock Performance - As of November 17, Andeli's stock price was 39.47 CNY per share, with a market capitalization of 13.467 billion CNY [1] - The stock has seen a trading volume of 13.81 million CNY, with a turnover rate of 0.13% [1] - Year-to-date, Andeli's stock has been on the leaderboard five times, with the latest instance on November 11, showing a net buy of -30.0717 million CNY [1] Group 2: Financial Performance - For the period from January to September 2025, Andeli reported a revenue of 1.321 billion CNY, representing a year-on-year growth of 28.88% [2] - The net profit attributable to shareholders for the same period was 284 million CNY, reflecting a year-on-year increase of 43.38% [2] Group 3: Shareholder Information - As of September 30, 2025, the number of Andeli's shareholders was 7,021, a decrease of 23.74% from the previous period [2] - The average number of circulating shares per person increased by 31.22% to 38,631 shares [2] - Since its A-share listing, Andeli has distributed a total of 234 million CNY in dividends, with 198 million CNY distributed over the last three years [3]

Group 1 - The core viewpoint of the report is that Haitong International has given Andeli (605198.SH, latest price: 40.95 CNY) an "outperform" rating based on strong performance indicators [1] - The company experienced high growth in the first three quarters, although there was a revenue decline in the third quarter [1] - Both international and domestic markets are maintaining rapid growth, indicating a robust demand environment [1] - Continuous capacity expansion is expected to enhance market share in the future [1]