Core Points - The company announced a cash dividend distribution of 0.24 CNY per share (including tax) for the first half of 2025, approved at the second extraordinary general meeting of shareholders on September 12, 2025 [2][4][16] Summary by Sections Dividend Distribution - The cash dividend distribution is based on a total share capital of 390,102,273 shares, excluding 6,945,462 shares held in the company's repurchase account, resulting in a distribution base of 383,156,811 shares [4][7] - The total cash dividend to be distributed amounts to approximately 91,957,634.64 CNY (including tax) [4][19] Shareholder Eligibility - All shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the record date are eligible for the dividend, excluding shares held in the repurchase account [3][8] Taxation Details - Individual shareholders and securities investment funds will not have personal income tax withheld at the time of dividend distribution. The actual cash dividend received will be 0.24 CNY per share, with tax calculated based on the holding period when shares are sold [10][11] - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net cash dividend of 0.216 CNY per share [11][12] Convertible Bond Adjustment - The company announced an adjustment to the conversion price of its convertible bonds ("Li Zi Convertible Bonds") from 18.61 CNY per share to 18.37 CNY per share, effective from October 17, 2025, due to the cash dividend distribution [14][21] - The adjustment is based on the formula that deducts the cash dividend from the previous conversion price [18][20]

关于实施 2025 年半年度权益分派时调整"李子转债" 转股价格的公告 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： | 证券代码：605337 | 证券简称：李子园 公告编号：2025-075 | | --- | --- | | 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 证券停复牌情况：适用 因实施 2025 年半年度权益分派,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | 始日 | 期间 | | | | 111014 | 李子转债 | 可转债转股复牌 | | | 2025/10/16 | 2025/10/17 | 调整前转股价格：18.61 元/股 浙江李子园食品股份有限公司（以下简称"公司"）于 2023 年 6 月 20 日向 不特定对象发行了 600 万张可转换公司债券，每张面 ...

东方证券股份有限公司 关于浙江李子园食品股份有限公司 差异化权益分派特殊除权除息事项的核查意见 东方证券股份有限公司（以下简称"东方证券"或"保荐机构"）作为浙江李子 园食品股份有限公司（以下简称"李子园"或"公司"）向不特定对象发行可转换公 司债券的保荐机构，根据《中华人民共和国公司法》《中华人民共和国证券法》 《证券发行上市保荐业务管理办法》《上海证券交易所股票上市规则》《上海证券 交易所上市公司自律监管指引第 7 号——回购股份》及《上海证券交易所上市公 司自律监管指南第 2 号——业务办理》等法律法规及规范性文件，对本次李子园 差异化权益分派特殊除权除息事项进行了审慎核查，并出具核查意见如下： 一、本次差异化权益分派的原因 公司于 2023 年 10 月 9 日召开第三届董事会第八次会议，审议通过了《关于 公司以集中竞价交易方式回购公司股份方案的议案》，同意公司使用自有资金以 集中竞价交易方式回购公司股份用于实施员工持股计划或股权激励，回购金额不 低于人民币 1.5 亿元（含），不超过人民币 3 亿元（含），回购价格不超过人民币 24.66 元/股，回购期限为自公司董事会审议通过回购股份方案之日起 1 ...

浙江李子园食品股份有限公司 2025年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.24元（含税） 相关日期 | 证券代码：605337 | 证券简称：李子园 公告编号：2025-074 | | --- | --- | | 转债代码：111014 | 转债简称：李子转债 | 本次利润分配方案经公司2025 年 9 月 12 日的2025年第二次临时股东会审议通 过。 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公 司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东（公 司回购专用证券账户除外）。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等有关 规定，公司回购专用账户中的股份，不享有利润分配的权利。基于此，公司存放 二、分配方案 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | - ...

Core Insights - The beverage and dairy sector experienced a 2.4% increase on October 10, with Zhuangyuan Pasture leading the gains [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Sector Performance - Zhuangyuan Pasture (002910) closed at 11.95, up 10.04% with a trading volume of 259,800 shares and a transaction value of 307 million yuan [1] - Yangyuan Beverage (603156) also saw a significant increase, closing at 34.42, up 10.00% with a trading volume of 377,700 shares and a transaction value of 1.255 billion yuan [1] - Other notable performers included Knight Dairy (920786) with a 3.43% increase, and Xirong Technology (300915) with a 3.42% increase [1] Capital Flow - The beverage and dairy sector saw a net inflow of 341 million yuan from institutional investors, while retail investors experienced a net outflow of 271 million yuan [2] - The main capital inflow and outflow for key companies were detailed, with Yili Group (600887) showing a net inflow of 1.55 billion yuan from institutional investors [3] - Zhuangyuan Pasture had a net inflow of 176 million yuan from institutional investors, while retail investors showed a net outflow of 719,230 yuan [3]

Core Insights - The stock price of Liziyuan increased by 2.07% on October 10, reaching 12.80 CNY per share, with a market capitalization of 4.993 billion CNY [1] - The company has seen an 18.53% increase in stock price year-to-date, with a recent 3.48% rise over the last five trading days [1] - Liziyuan's main business involves the research, production, and sales of dairy beverages, with 93.76% of revenue coming from dairy drinks [1][2] Financial Performance - For the first half of 2025, Liziyuan reported a revenue of 621 million CNY, a year-on-year decrease of 8.53%, while net profit attributable to shareholders was 96.12 million CNY, a year-on-year increase of 1.05% [2] - Cumulative cash dividends since the company's A-share listing amount to 653 million CNY, with 479 million CNY distributed over the last three years [3] Shareholder Information - As of June 30, Liziyuan had 31,300 shareholders, a decrease of 7.45% from the previous period, with an average of 12,611 circulating shares per shareholder, an increase of 8.05% [2]

Core Insights - The beverage and dairy sector experienced a rise of 0.66% on October 9, with Zhuangyuan Pastoral leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Sector Performance - Zhuangyuan Pastoral (002910) closed at 10.86, with a significant increase of 10.03%, trading volume of 239,000 shares, and a transaction value of 254 million [1] - Qiaoyuan Beverage (603156) saw a rise of 6.18%, closing at 31.29, with a trading volume of 328,100 shares and a transaction value of 1.042 billion [1] - Panda Dairy (300898) increased by 1.79%, closing at 26.09, with a trading volume of 30,800 shares and a transaction value of 79.09 million [1] - Yili Group (600887) rose by 1.28%, closing at 27.63, with a trading volume of 711,500 shares and a transaction value of 1.94 billion [1] - Tianrun Dairy (600419) and Beingmate (002570) also showed modest increases of 1.18% and 1.13%, respectively [1] Capital Flow - The beverage and dairy sector saw a net inflow of 47.31 million from institutional investors, while retail investors experienced a net outflow of 1.09 billion [2] - The sector's overall capital flow indicates a strong interest from institutional and speculative investors, despite the outflow from retail investors [2]

| 证券代码：605337 | 证券简称：李子园 | 公告编号：2025-073 | | --- | --- | --- | | 转债代码：111014 | 转债简称：李子转债 | | 本季度转股情况：自 2025 年 7 月 1 日至 2025 年 9 月 30 日期间，共有人 民币 11,000 元"李子转债"转换为公司普通股股票，因转股形成的股份数量为 537 股。 一、可转债发行上市概况 （一）可转债发行情况 浙江李子园食品股份有限公司 可转债转股结果暨股份变动公告 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： 累计转股情况：浙江李子园食品股份有限公司向不特定对象发行可转换公 司债券（以下简称"李子转债"）自 2023 年 12 月 28 日起开始转股，截至 2025 年 9 月 30 日，累计共有人民币 62,000 元"李子转债"转换为公司普通股股票， 累计转股股数为 3,173 股，占"李子转债"转股前公司已发行股份总额的 0.0008%。 未转股可转债情况：截至 2025 年 9 月 30 日 ...

Core Viewpoint - Zhejiang Liziyuan Food Co., Ltd. announced the results of its convertible bond conversion, indicating a low conversion rate and a significant amount of unconverted bonds remaining [1] Summary by Sections Convertible Bond Conversion Results - As of September 30, 2025, a total of 62,000 yuan of "Liziyuan Convertible Bonds" have been converted, resulting in 3,173 shares, which represents 0.0008% of the total shares before conversion [1] - The remaining unconverted amount is 599.938 million yuan, accounting for 99.9897% of the total issuance [1] Recent Quarter Performance - In the recent quarter (July 1 to September 30, 2025), 11,000 yuan of "Liziyuan Convertible Bonds" were converted, leading to the issuance of 537 shares [1] Share Price Adjustment - Due to the equity distribution and share repurchase and cancellation for the fiscal year 2023-2024, the conversion price has been adjusted from the initial 19.47 yuan per share to 18.61 yuan per share [1] - Following these changes, the total share capital has been updated to 390,102,273 shares [1]

Core Insights - The beverage and dairy sector experienced a rise of 1.35% on September 30, with Dongpeng Beverage leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Sector Performance - Dongpeng Beverage (605499) closed at 303.80, up 4.56% with a trading volume of 30,800 lots and a transaction value of 260.6 million [1] - Liziyuan (605337) closed at 12.76, up 3.24% with a trading volume of 89,700 lots and a transaction value of 113 million [1] - Zhuangyuan Pasture (002910) closed at 9.87, up 2.39% with a trading volume of 55,800 lots and a transaction value of 54.32 million [1] - Other notable performers include Miaokelan (600882) up 1.33% and Wewei (600300) up 1.21% [1] Capital Flow - The beverage and dairy sector saw a net inflow of 61.14 million from main funds, while retail funds experienced a net outflow of 52.40 million [2] - Main funds showed significant inflows into Yili (600887) with 84.83 million and Dongpeng Beverage with 80.06 million [3] - Liziyuan (605337) also attracted 15.31 million from main funds, indicating strong institutional interest [3]