| 证券代码：605337 | 证券简称：李子园 | 公告编号：2025-068 | | --- | --- | --- | | 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 关于全资子公司对外投资进展的公告 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。 二、 项目终止原因 因土地规划、产业规划等有关客观因素，相关手续不能满足项目开工建设和 发展需求。根据公司产业布局及可持续发展，考虑到时间成本、项目规划和行业 需求变化等情况，为进一步加速全国化布局、抢抓市场机遇，优化资源配置、降 低投资风险，维护公司及股东利益，经公司审慎研究，与陆良县人民政府友好协 商，决定终止该项目。 三、 对外投资项目进展 2025 年 9 月 12 日，云南李子园公司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，自协议解除之日起，协议中约定的双方的权利义务关系终止；对于协议订立、 履行过程中各自的任何形式的损失由各自承担，双方互不 ...

| 证券代码：605337 | 证券简称：李子园 | 公告编号：2025-067 | | --- | --- | --- | | 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 2025年第二次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 12 日 (二)股东大会召开的地点：浙江省金华市金东区丹溪东路 1016 号李子园科 创大楼 10 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 329 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 247,352,077 | | 3、出席会议的股东所持有表决权股份数占公司有表决 | | | 权股份总数的比例（%） | 64.5564 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 ...

2025 年第二次临时股东大会 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 国浩律师（杭州）事务所 关于 浙江李子园食品股份有限公司 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年九月 国浩律师（杭州）事务所 李子园 2025 年第二次临时股东大会法律意见书 国浩律师（杭州）事务所 关 于 浙江李子园食品股份有限公司 2025 年第二次临时股东大会 法律意见书 致：浙江李子园食品股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受浙江李子园食品股份有 限公司（以下简称"公司""李子园"）的委托，指派律师出席公司 20 ...

Core Viewpoint - The company has decided to enter the milk powder market based on a careful assessment of industry trends and its own needs for raw material cost control [1] Group 1: Market Entry Strategy - The company will leverage its existing mature production management system and resources for milk powder production [1] - The decision to enter the milk powder market reflects a strategic move aligned with industry development trends [1] Group 2: Product Development Focus - The company prioritizes user needs and feedback as the fundamental starting point for new product development [1] - Future product development will focus on the sports and juice beverage sectors, aiming to create products that meet specific consumer demands and explore new flavor combinations [1]

Group 1 - The core viewpoint of the article is that the company, Li Ziyuan, is entering the milk powder market despite the competitive landscape and declining birth rates, based on careful industry trend analysis and cost control considerations [1] - The company plans to leverage its existing mature production management system and resources in the milk powder production process [1]

Core Viewpoint - Li Ziyuan's stock price has shown a significant increase of 27.60% year-to-date, with a recent trading performance indicating stable activity and a market capitalization of 5.376 billion yuan [1][2]. Group 1: Stock Performance - On September 9, Li Ziyuan's stock rose by 2.07%, reaching 13.78 yuan per share, with a trading volume of 67.293 million yuan and a turnover rate of 1.27% [1]. - The stock has experienced a net inflow of 885,400 yuan from main funds, with large orders accounting for 15.09% of total purchases [1]. - Year-to-date, the stock has seen a 27.60% increase, with no change in the last five trading days, a 7.49% increase over the last 20 days, and a 4.39% increase over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Li Ziyuan reported a revenue of 621 million yuan, a year-on-year decrease of 8.53%, while the net profit attributable to shareholders was 96.1224 million yuan, reflecting a year-on-year increase of 1.05% [2]. - Since its A-share listing, Li Ziyuan has distributed a total of 653 million yuan in dividends, with 479 million yuan distributed over the past three years [3]. Group 3: Company Overview - Zhejiang Li Ziyuan Food Co., Ltd. was established on October 22, 1994, and went public on February 8, 2021. The company specializes in the research, production, and sales of dairy beverages, with 93.76% of its revenue coming from dairy drinks [1][2]. - As of June 30, the number of shareholders was 31,300, 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].

Group 1 - The company Li Ziyuan announced that the term of its third board of directors will expire on September 12, 2025 [1] - The election for the new board of directors is currently in preparation, and to ensure continuity and stability, the election will be appropriately postponed [1] - The terms of the board's special committees and senior management will also be extended accordingly [1]

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。 | 证券代码：605337 | 证券简称：李子园 | 公告编号：2025-066 | | --- | --- | --- | | 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 关于董事会延期换届的公告 公司董事会延期换届不会影响公司的正常运营。公司将尽快推进董事会换届工 作，并及时履行相应的信息披露义务。 特此公告。 浙江李子园食品股份有限公司董事会 2025 年 9 月 8 日 浙江李子园食品股份有限公司（以下简称"公司"）第三届董事会任期将于 2025 年 9 月 12 日届满。鉴于公司新一届董事会换届工作尚在积极筹备中，为保证公司董 事会相关工作的连续性及稳定性，换届选举工作将适当延期，董事会各专门委员会 和高级管理人员的任期亦相应顺延。 在换届选举工作完成前，公司第三届董事会及各专门委员会全体成员和高级管 理人员将依照法律、行政法规和《公司章程》的相关规定，继续履行相应职责和义 务。 ...

Core Viewpoint - The dairy industry is experiencing a significant divergence in performance, with leading companies like Yili achieving revenue growth while regional players face declining sales and profits [1][4][6]. Industry Overview - As of the end of August, all half-year reports for dairy listed companies in 2025 have been disclosed, revealing a stark contrast in performance amid weak demand [1]. - The industry is undergoing profound changes, shifting focus from scale expansion to quality and efficiency, emphasizing product innovation and quality improvement [2]. Performance Analysis - Among 21 major dairy listed companies, only 6 reported revenue growth, while 15 experienced declines [4]. - Yili's revenue reached 61.933 billion, marking a 3.37% increase, while Mengniu and Bright Dairy saw declines of 7.2% and 1.9%, respectively [5]. - The overall profitability of the industry is under pressure, with 7 companies reporting losses, including YouRan Dairy and Modern Dairy [6]. Business Segment Insights - Liquid milk, a traditional mainstay, continues to face challenges, with Yili's liquid milk revenue down 2.06% and Mengniu's down 11.22% [8]. - Conversely, the milk powder segment shows signs of recovery, with Yili's milk powder revenue increasing by 14.26% and Mengniu's by 2.46% [10]. Strategic Responses - Companies are enhancing cost control and efficiency to navigate challenges, with Mengniu improving its operating profit margin by 1.5 percentage points to 8.5% [13]. - There is a notable trend towards diversification and international expansion, with Yili's overseas business revenue growing by 14.4% [15]. - Regional companies are leveraging local advantages for differentiated development, with New Dairy reporting a 33.76% increase in net profit [14]. Future Trends - The dairy industry is expected to evolve towards high-end, functional, and segmented products, with a focus on infant formula and cheese [15]. - Internationalization will be a key strategy for leading dairy companies, enhancing their global competitiveness [15]. - Cross-industry integration is emerging as a trend, with a shift from merely selling products to providing health solutions [15].

Meeting Overview - The company will hold its second extraordinary general meeting of shareholders in 2025 on September 12, 2025, at 14:30 [1] - The meeting will be conducted through a combination of on-site and online voting [1] - The online voting will take place on the same day from 9:15 to 15:00 [1] Meeting Agenda - The meeting will start with the announcement of the attendance and qualification of shareholders [2] - The board secretary will read the meeting guidelines [2] - Election of monitors and counters for the meeting will be conducted [2] - Shareholders will have the right to speak, inquire, and vote during the meeting [2][3] Voting Procedures - Voting will be conducted through both on-site and online methods, with specific instructions for marking votes [3][4] - Invalid votes will be considered as abstentions [4] - The counting of votes will be overseen by appointed monitors and a witnessing lawyer [4][6] Proposals for Cash Management - The company proposes to use up to 820 million yuan of idle funds for cash management to enhance fund efficiency and reduce financial costs [4][5] - The investment will focus on high-security and high-liquidity financial products [5][6] - The cash management will be valid for 12 months from the date of approval at the meeting [5][6] Use of Idle Raised Funds - The company plans to use up to 380 million yuan of idle raised funds for cash management, ensuring it does not affect ongoing projects [7][8] - The funds will be sourced from the proceeds of convertible bonds issued to unspecified investors [8][9] - The cash management will also be valid for 12 months from the date of approval [11] Profit Distribution Proposal - The company proposes a cash dividend of 2.40 yuan per share, totaling approximately 95.67% of the net profit for the first half of 2025 [13][14] - The distribution will be based on the total share capital as of August 25, 2025, excluding shares held in the company's repurchase account [14] Governance Changes - The company intends to abolish the supervisory board and amend its articles of association, transferring the supervisory functions to the audit committee of the board [15][16] - The changes aim to enhance corporate governance and align with legal regulations [15][16]