| 证券代码：605337 | 证券简称：李子园 | 公告编号：2025-072 | | --- | --- | --- | | 转债代码：111014 | 转债简称：李子转债 | | 浙江李子园食品股份有限公司 关于实施 2025 年半年度权益分派时"李子转债"停止 转股暨转股价格调整的提示性公告 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）公司 2025 年半年度利润分配方案已经 2025 年 9 月 12 日召开的 2025 年第二次临时股东大会审议通过，具体内容详见公司于 2025 年 9 月 13 日在上海 证券报及上海证券交易所网站（www.sse.com.cn）披露的《公司 2025 年第二次临 时股东大会决议公告》（公告编号：2025-067），以及 2025 年 8 月 27 日在上海证 券交易所网站（www.sse.com.cn）披露的《公司关于 2025 年半年度利润分配预案 的公告》（公告编号：2025-054）。 （三）本次权益分派方案实施后，公司将根据《浙江李子园食品股份有 ...

Market Overview - The beverage and dairy sector increased by 0.38% on September 24, with Yangyuan Beverage leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Qiaoyuan Beverage (603156) saw a significant rise of 9.98%, closing at 23.25 with a trading volume of 141,000 shares and a transaction value of 318 million [1] - Other notable performers included Yili Co. (600887) with a slight increase of 0.11% and a transaction value of 946 million, and Miao Ke Lan Duo (600882) which rose by 2.11% with a transaction value of 226 million [2] Capital Flow - The beverage and dairy sector experienced a net inflow of 63.06 million from institutional investors, while retail investors saw a net outflow of 35.84 million [2] - Major stocks like Yangyuan Beverage had a net inflow of 70.31 million from institutional investors, indicating strong institutional interest [3] Individual Stock Analysis - Yangyuan Beverage (603156) had a net institutional inflow of 70.31 million, representing 22.08% of its trading volume, while retail investors showed a net outflow of 38.08 million [3] - Miao Ke Lan Duo (600882) also attracted institutional investment with a net inflow of 13.06 million, but faced a retail outflow of 1.25 million [3]

李子园近日发布公告称，终止全资子公司原本计划在云南投资的2亿元含乳饮料产线。官方对于项目终 止的解释为"土地规划、产业规划等有关客观因素"，但业内普遍认为与李子园的含乳饮料营收下滑、现 有产能未能充分利用有关。据了解，截至去年，李子园五座工厂的总产能为37.59万吨，实际利用产能 为24.88万吨，产能利用率仅为66%。2025年5月，李子园还宣布投资3.2亿元在宁夏新建包括全脂脱脂奶 粉在内的生产线。从含乳饮料到奶粉，李子园渴望开辟"第二增长曲线"，但奶粉市场的竞争十分激烈， 行业进入存量阶段，李子园要想突出重围难度不小。 叫停2亿元项目 此次李子园终止的产能项目自2022年开始筹划。2022年1月12日，李子园全资子公司云南李子园食品有 限公司与陆良县人民政府签署《投资合作协议》，拟在陆良工业园区青山片区云南李子园食品有限公司 北侧规划投资建设三条含乳饮料无菌灌装生产线，配套建设仓库等附属设施。项目总用地规模约89亩， 计划总投资约2亿元。而今年9月12日，云南李子园与陆良县人民政府签署《云南李子园含乳饮料（二 期）项目解除协议书》。 对于项目终止的原因，李子园方面在公告中解释称，"因土地规划、产业规划等 ...

近日，李子园发布公告称，终止全资子公司原本计划在云南投资的2亿元含乳饮料生产线。官方对于项目终止的解 释为"土地规划、产业规划等有关客观因素"，但业内普遍认为与含乳饮料营收下滑，现有产能未能充分利用有 关。截至2024年，李子园5个工厂总产能37.59万吨，而实际产能为24.88万吨，产能利用率仅为66%。今年5月，李 子园还宣布投资3.2亿元在宁夏新建包括全脂脱脂奶粉在内的生产线。从含乳饮料到奶粉，李子园渴望开辟"第二 增长曲线"，但奶粉市场的竞争十分激烈，行业进入存量阶段，李子园要想突出重围较有难度。 2亿元投资项目"踩刹车" 此次李子园终止的产能项目自2022年开始筹划。2022年1月12日，李子园全资子公司云南李子园食品有限公司与陆 良县人民政府签署了《投资合作协议》，拟在陆良工业园区青山片区云南李子园食品有限公司北侧规划投资建设3 条含乳饮料无菌灌装生产线，配套建设仓库等附属设施。项目总用地规模约89亩，计划总投资约为2亿元。 公告显示，9月12日，云南李子园与陆良县人民政府签署《云南李子园含乳饮料（二期）项目解除协议书》，双方 约定协议于2025年9月12日协商解除。 对于项目终止的原因，李子园在 ...

Market Overview - The beverage and dairy sector experienced a decline of 1.94% on September 22, with Huanlejia leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Stock Performance - Huanlejia (300997) closed at 18.20, down 5.99% with a trading volume of 151,400 shares and a turnover of 283 million yuan [1] - Dongpeng Beverage (605499) closed at 287.85, down 3.84% with a trading volume of 26,500 shares and a turnover of 769 million yuan [1] - Panda Dairy (300898) closed at 27.63, down 3.09% with a trading volume of 44,300 shares and a turnover of 123 million yuan [1] - Junuan Health (605388) closed at 7.71, down 3.02% with a trading volume of 144,800 shares and a turnover of 112 million yuan [1] - Liziyuan (605337) closed at 12.89, down 2.86% with a trading volume of 66,300 shares and a turnover of 85.84 million yuan [1] - Zhuangyuan Pasture (002910) closed at 9.27, down 2.83% with a trading volume of 50,600 shares and a turnover of 47.11 million yuan [1] - Knight Dairy (832786) closed at 10.26, down 2.56% with a trading volume of 76,100 shares and a turnover of 78.86 million yuan [1] - Pinwu Food (300892) closed at 35.86, down 2.40% with a trading volume of 35,500 shares and a turnover of 127 million yuan [1] - Western Pasture (300106) closed at 11.22, down 2.35% with a trading volume of 80,300 shares and a turnover of 90.43 million yuan [1] - New Dairy (002946) closed at 16.91, down 1.97% with a trading volume of 84,100 shares and a turnover of 142 million yuan [1] Capital Flow Analysis - The beverage and dairy sector saw a net outflow of 255 million yuan from institutional investors, while retail investors had a net inflow of 216 million yuan [1] - The sector experienced a net inflow of 39.29 million yuan from speculative funds [1] Individual Stock Capital Flow - Yili Group (600887) had a net inflow of 17.86 million yuan from institutional investors, while retail investors saw a net outflow of 78.97 million yuan [2] - Yangyuan Beverage (603156) had a net inflow of 2.57 million yuan from institutional investors, with retail investors experiencing a net outflow of 5.63 million yuan [2] - Tianrun Dairy (600419) had a net outflow of 0.76 million yuan from institutional investors, while retail investors had a net outflow of 2.20 million yuan [2] - Sanyuan Foods (600429) had a net outflow of 2.32 million yuan from institutional investors, with retail investors experiencing a net outflow of 1.70 million yuan [2] - Xiangpiaopiao (603711) had a significant net outflow of 5.23 million yuan from institutional investors, while retail investors had a net inflow of 4.24 million yuan [2]

Market Overview - The beverage and dairy sector increased by 0.14% on September 19, with Tianrun Dairy leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Tianrun Dairy (600419) closed at 10.28, up 1.78% with a trading volume of 87,600 shares and a transaction value of 89.67 million yuan [1] - Dongpeng Beverage (605499) closed at 299.34, up 1.25% with a trading volume of 22,700 shares and a transaction value of 678 million yuan [1] - Yangyuan Beverage (603156) closed at 21.24, up 0.81% with a trading volume of 21,700 shares and a transaction value of 45.78 million yuan [1] - Other notable stocks include Xibu Muye (300106) at 11.49 (+0.70%) and Liziyuan (605337) at 13.27 (+0.53%) [1] Capital Flow - The beverage and dairy sector experienced a net outflow of 157 million yuan from institutional investors, while retail investors saw a net inflow of 138 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - Dongpeng Beverage saw a net inflow of 72.40 million yuan from institutional investors, while it experienced a net outflow of 51.02 million yuan from speculative funds [3] - Xibu Muye had a net inflow of 20.37 million yuan from institutional investors, but a net outflow of 2.29 million yuan from retail investors [3] - Tianrun Dairy had a net inflow of 4.29 million yuan from institutional investors, with a net outflow of 5.49 million yuan from retail investors [3]

Core Viewpoint - Li Ziyuan has announced the termination of its wholly-owned subsidiary's external investment due to declining sales and low capacity utilization, while still maintaining several ongoing construction projects with a total budget of 1.58 billion yuan [1][3][4]. Group 1: Investment and Capacity - The terminated capacity project was planned since 2022, with an initial investment of approximately 200 million yuan for three sterile filling production lines [2]. - As of 2024, Li Ziyuan has five factories with a total capacity of 375,900 tons, but the actual utilization is only 248,800 tons, resulting in a capacity utilization rate of 66% [3]. - The company has ongoing projects with a total budget of 1.58 billion yuan, and by 2029, the capacity is expected to increase by 58% to 592,600 tons [3]. Group 2: Sales Performance - Li Ziyuan's revenue from dairy beverages has stagnated since 2022, with a significant decline of 11.19% in the first half of this year [3][6]. - The company relies heavily on sweet milk products, which account for about 90% of its main business revenue, making it vulnerable to market changes [7]. - Sales in key markets such as East China and Central China have declined, with a drop exceeding 10% in some areas [7]. Group 3: Product Innovation and Costs - To address product aging, Li Ziyuan is launching new products, including flavored milk and nutrient drinks, with a total investment of 320 million yuan in a deep processing project [8]. - The sales expense ratio has increased from around 12% to nearly 15% in the first half of this year, which offsets the gross margin improvement from lower raw material costs [8]. - The gross margin is expected to increase by 3.23 percentage points in 2024, while the net margin is projected to decline by nearly 1 percentage point [8].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605337 证券简称：李子园 公告编号：2025-069 转债代码：111014 转债简称：李子转债 浙江李子园食品股份有限公司 第三届董事会第二十六次会议决议公告 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。 一、董事会会议召开情况 浙江李子园食品股份有限公司（以下简称"公司"）第三届董事会第二十六次会议于2025年9月17日在公 司会议室以现场结合通讯表决的方式召开。会议通知已于2025年9月12日通过邮件等方式送达各位董 事。本次会议应出席董事9人，实际出席董事9人（其中：以通讯方式出席董事5人）。 本次会议由公司董事长李国平先生主持，公司高级管理人员列席本次会议。会议的召集、召开符合《中 华人民共和国公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 公司董事认真讨论和审议了本次会议的议案，并对议案进行了投票表决，会议审议通过以下议案： （一）审议通过《关于董事会换届选举第四届董事会非独立董事的议案》 1.01《关于董事会换届选举李国平为第四届董事 ...

北京商报讯（记者 孔文燮）9月17日晚间，李子园发布公告称，公司于2025年9月17日召开第三届董事 会第二十六次会议，审议通过了《关于董事会换届选举第四届董事会非独立董事的议案》《关于董事会 换届选举第四届董事会独立董事的议案》，同意提名李国平、朱文秀、李博胜、王顺余、金函辉为公司 第四届董事会非独立董事候选人；同意提名肖作平、张灏、王根武为公司第四届董事会独立董事候选 人。 ...

（文章来源：证券日报） 证券日报网讯 9月17日晚间，李子园发布公告称，公司于2025年9月17日召开第三届董事会第二十六次 会议，审议通过了《关于董事会换届选举第四届董事会非独立董事的议案》《关于董事会换届选举第四 届董事会独立董事的议案》，同意提名李国平先生、朱文秀先生、李博胜先生、王顺余先生、金函辉先 生为公司第四届董事会非独立董事候选人；同意提名肖作平先生、张灏先生、王根武先生为公司第四届 董事会独立董事候选人。 ...