Group 1 - The core viewpoint of the article highlights the significant rise in food stocks, particularly noting that Xiwang Food has reached its daily limit increase [1] - Xiwang Food has experienced a limit increase, while other companies such as Yizhi Magic Tofu have risen over 10%, and companies like Kangbiter, Ximai Food, Knight Dairy, and Andeli have all seen increases of over 5% [1]

证券代码：000639 证券简称：西王食品 公告编号：2025-015 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全 景路演APP，参与本次互动交流。活动时间为2025年5月15日（周四）15:00-16:30。 届时公司高管将在线就公司2024年度及2025年一季度业绩、公司治理、发展战略、 经营状况和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投资者踊跃参与！ 特此公告。 西王食品股份有限公司董事会 2025 年 5 月 13 日 西王食品股份有限公司 关于参加2025年山东辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，西王食品股份有限公司（以下简称"公 司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限公司联合 举办的"2025年山东辖区上市公司投资者网上集体接待日活动"，现将相关事项 公告如下： ...

北京市金杜（济南）律师事务所 关于西王食品股份有限公司 2024 年度股东大会之 法律意见书 致：西王食品股份有限公司 北京市金杜（济南）律师事务所（以下简称本所）受西王食品股份有限公司（以 下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、《中 华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上市 公司股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以下简称 中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别行 政区和中国台湾地区）现行有效的法律、行政法规、规章及规范性文件和现行有效 的《西王食品股份有限公司章程》（以下简称《公司章程》）有关规定，指派律师 出席了公司于 2025 年 4 月 30 日召开的 2024 年度股东大会（以下简称本次股东大 会），并就本次股东大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审阅了公司提供的以下文件，包括但不限于： 1. 经公司 2023 年度股东大会审议通过的《公司章程》； 2. 公司于 2025 年 4 月 3 日在《证券时报》《中国证券报》、深圳证券交易所 网站（http:// ...

证券代码：000639 证券简称：西王食品 公告编号：2025-014 西王食品股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会不涉及变更以往股东大会已通过决议的情形。 一、会议召开和出席情况 1、会议召开情况 （1）会议召开时间 现场会议召开时间：2025 年 4 月 30 日（星期三）14：00 网络投票时间：2025 年 4 月 30 日。其中，通过深圳证券交易所 交易系统进行网络投票的具体时间为：2025年4月30日09:15至9:25， 09:30 至 11:30 和 13:00 至 15:00；通过深圳证券交易所互联网系统 投票的具体时间为：2025 年 4 月 30 日 09:15 至 15:00 期间任意时间。 （2）现场会议地点 山东省邹平市西王工业园办公楼二楼 210 会议室 （3）会议召开方式 现场投票和网络投票相结合的表决方式召开 （4）会议召集人 公司第十四届董事会 （5）现场会议主持人 董事长王辉先生 （6）本次会议的合 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 1,039,738,611.09, a decrease of 19.92% compared to CNY 1,298,340,202.88 in the same period last year[5] - Net profit attributable to shareholders was CNY 7,516,130.78, down 85.22% from CNY 50,857,341.46 year-on-year[5] - Basic and diluted earnings per share decreased to CNY 0.0070, down 85.14% from CNY 0.0471 in the same period last year[5] - Operating profit turned negative at -¥6,595,494.91 compared to a profit of ¥57,546,656.80 in the previous period[19] - Net profit attributable to the parent company was ¥7,516,130.78, down from ¥50,857,341.46, representing a decline of approximately 85.2%[20] - Other comprehensive income after tax for the parent company was -¥1,585,046.57, down from ¥3,035,669.40[21] Cash Flow - The net cash flow from operating activities improved to -CNY 34,687,659.97, a 65.90% increase compared to -CNY 101,711,376.16 in the previous year[5] - Operating cash flow for the current period was ¥1,068,026,518.08, a decrease of 9.3% from ¥1,177,119,412.72 in the previous period[22] - Net cash flow from operating activities was -¥34,687,659.97, an improvement from -¥101,711,376.16 in the previous period[23] - Cash outflow from investing activities totaled ¥16,989,320.37, significantly higher than ¥3,218,666.54 in the previous period[23] - Net cash flow from investing activities was -¥13,614,320.37, compared to a positive cash flow of ¥156,333.46 in the previous period[23] - The net increase in cash and cash equivalents was -¥102,259,299.61, an improvement from -¥171,720,322.30 in the previous period[24] - The ending balance of cash and cash equivalents was ¥363,404,963.69, up from ¥126,738,674.90 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,091,304,935.15, a decrease of 1.16% from CNY 6,162,827,205.39 at the end of the previous year[5] - Total current assets decreased from ¥2,950,488,656.93 to ¥2,875,257,884.17, a decline of about 2.54%[14] - Total liabilities decreased to ¥2,743,740,942.07 from ¥2,814,315,921.90, a decline of about 2.5%[16] - Non-current assets increased slightly to ¥3,216,047,050.98 from ¥3,212,338,548.46, an increase of approximately 0.11%[15] - The company has a total of 317,321,253.76 in deferred tax assets, an increase from ¥306,840,998.61[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 51,198[10] - The largest shareholder, Xiwang Group Co., Ltd., holds 28.91% of shares, totaling 312,075,381 shares[10] - Xiwang Group Co., Ltd. and Shandong Yonghua Investment Co., Ltd. are identified as related parties due to their ownership structure[11] Operating Income and Costs - Total operating revenue decreased to ¥1,039,738,611.09 from ¥1,298,340,202.88, a decline of approximately 19.93% year-over-year[18] - Total operating costs decreased to ¥1,046,900,051.00 from ¥1,239,411,977.45, reflecting a reduction of about 15.5% year-over-year[18] - The company reported a significant increase in operating other income, which rose by 836% to CNY 6,734,574.60 compared to CNY 719,365.97 in the previous year[8] - The company experienced a 341% increase in trading financial assets, reaching CNY 7,886,658.07 due to customer stock offsets against receivables[8] - The company reported a 423% increase in cash paid for the acquisition of fixed assets, totaling CNY 16,837,620.37 compared to CNY 3,218,666.54 in the previous year[8] - The company received tax refunds of CNY 646,376.48, a 157% increase from CNY 251,791.78 in the previous year[8]

西王食品（000639）公告，2025年第一季度营收为10.4亿元，同比下降19.92%；净利润为751.61万元， 同比下降85.22%。 ...

Group 1 - Food stocks experienced significant upward movement, with Hai Xin Food (002702) reaching the daily limit increase, while Xi Wang Food (000639) rose over 8% [1] - Other companies in the sector, including Guangming Meat Industry (600073), Liangpinpuzi (603719), and Sanquan Food (002216), also saw gains [1]

跨境电商概念股冲高，星徽股份（300464）、跨境通（002640）涨停，家联科技（301193）、西王食品 （000639）、友阿股份（002277）等跟涨。 暗盘资金一眼洞悉庄家意图>> ...

Group 1 - Consumer stocks experienced a significant rebound in the afternoon, particularly in the food, duty-free, and dairy sectors [1] - Notable stocks that hit the daily limit include Anji Food, Guifaxiang, Eurasia Group, and Wewei Co., with others like Pinwa Food and Gaisi Food rising over 10% [1] - Additional stocks that saw gains include Maiqu'er, Zhu Laoliu, Black Sesame, Wangfujing, and Xiwang Food [1]

Core Viewpoint - Xiwang Food (SZ000639) reported a significant loss in 2024, primarily due to goodwill impairment in its sports nutrition business, despite previously optimistic expectations for its multinational acquisitions [1][2]. Financial Performance - In 2024, Xiwang Food achieved a revenue of 4.972 billion yuan, a year-on-year decrease of 9.43%, and a net profit loss of 444 million yuan, which is a 2530% increase in losses compared to the previous year's loss of 16.87 million yuan [1][2]. - The company recorded a net profit of 62.59 million yuan in the first three quarters of 2024, but faced a drastic loss exceeding 506 million yuan in the fourth quarter, erasing all previous profits [2]. Business Segments - Xiwang Food's operations are primarily divided into two segments: edible oil and sports nutrition. The sports nutrition segment, which was expected to be a growth driver, has become a major contributor to the company's poor performance [2][4]. - The sports nutrition segment's revenue peaked at 2.964 billion yuan in 2018 but has since stagnated, with revenue growth rates of 5.4%, 2.64%, and 1.75% from 2021 to 2023, and a decline in gross margin from 37.37% to 26.9% [4]. Impairment and Asset Management - The company anticipates recognizing goodwill and intangible asset impairment losses between 710 million yuan and 930 million yuan for 2024, primarily due to the significant loss of its subsidiary, Xiwang Qingdao, which reported a net loss of 717 million yuan, a 518% year-on-year decline [3][4]. - The goodwill from the acquisition of Kerr in 2016 amounts to 2.022 billion yuan, with a corresponding impairment provision of the same amount, indicating a complete write-off of this asset [3]. Market Position and Strategy - Xiwang Food's subsidiary, Iovate, is recognized as a leading global player in the sports nutrition and weight management market, with products sold in over 140 countries and regions [4][5]. - Despite the challenges in the sports nutrition segment, the company plans to implement a "big cost" control strategy in 2025, focusing on organizational optimization and increased investment in new product development and supply chain upgrades [5]. Competitive Landscape - The company faces significant competition in the edible oil and sports nutrition markets, with major players like Jinlongyu and Luhua dominating the sector. In 2024, Xiwang Food's edible oil sales reached only 188,800 tons, highlighting the competitive gap [5]. - The market for corn oil and sports nutrition products is expected to grow, attracting more capital and increasing competition, which may impact the company's market position [5][6].