Group 1: Report Basic Information - Report is about the analyst meeting of Chengde Lulu in the food and beverage industry on September 15, 2025 [1][2][17] Group 2: Core Views - The company will complete share repurchase within 12 months after the shareholders' meeting approves the repurchase plan and won't delay [26][29] - The company will develop diversified products around plant - based beverages according to market and consumer needs and has launched new products like Lulu's plant - based health water series [26] - The company will consider suggestions on product advertising design, consumer rewards, and product development [24][27][30] - The company will strengthen brand promotion, increase market confidence, and explore new channels to boost distributor confidence [27] Group 3: According to the Directory 01. Research Basic Information - Research object is Chengde Lulu, belonging to the food and beverage industry, received on September 15, 2025, by the general manager, financial officer Ding Xingxian, and board secretary Liu Mingshan [17] 02. Detailed Research Institutions - The reception objects are investors' online questions and others [20] 03. Research Institution Proportion - No specific content provided 04. Main Content Data - **Production time**: Lulu Zhiyin (Chun'an) Co., Ltd. is planned to be put into production in 2026 [24] - **Share repurchase**: The company will implement share repurchase according to the plan and market conditions, not delay, and won't cancel it. The company's deposit interest rate in the financial company is higher than the repurchase loan interest rate [25][26][29] - **Product diversification**: The almond milk series accounts for 94.2% of revenue. The company will develop multi - dimensional products around plant - based beverages and has launched new products for market promotion [26] - **Capital lending**: The company's policy - based special loan interest rate from the bank is lower than the deposit interest rate in the financial company [27] - **Management fees**: The increase in management fees is due to the increased share - based payment expenses recognized in the 2024 restricted stock incentive plan and the 2024 employee stock ownership plan [28] - **New product sales**: The specific sales of the health water, a key new product this year, will be announced in the 2025 annual report [29]

Group 1: Investor Relations Activities - The investor relations activity was conducted online on September 15, 2025, from 15:00 to 17:00 [1] - The meeting was attended by the General Manager and Financial Officer, Ding Xingxian, and Board Secretary, Liu Mingshan [1] Group 2: Production and Product Development - Lululemon Plant Drink (Chun'an) Co., Ltd. is expected to commence full production in 2026 [2] - The company is focusing on product diversification, with the almond milk series currently accounting for 94.2% of revenue [2][3] - New products such as Lululemon Plant Health Water and LOLO Sparkling Water are being developed to meet diverse consumer needs [2] Group 3: Share Buyback and Financial Management - The company plans to complete the share buyback within 12 months after the shareholders' meeting approval, with no delays expected [2][6] - The company has lent 3.16 billion yuan to its major shareholder's financial company at interest rates ranging from 0.35% to 3.4%, which is lower than the bank loan rate of 2.2% [3] - Management expenses have increased due to the 2024 restricted stock incentive plan and employee stock ownership plan [4] Group 4: Market Challenges and Strategies - The company is enhancing brand promotion and exploring new channels to boost distributor confidence amid a challenging beverage industry [4] - The company is committed to timely disclosure of share buyback progress and will consider suggestions for advertising redesign [4][5]

承德露露股份公司 章 程 二〇二五年九月 经公司 2025 年第二次临时股东会审议通过 | 目 录 | | | | .1 | | --- | --- | --- | --- | --- | | 第一章 | | 总则 | | 2 | | 第二章 | | 经营宗旨和范围 | | 3 | | 第三章 | | 股份 | | 4 | | | 第一节 | 股份发行 | 4 | | | | 第二节 | 股份增减和回购 | 4 | | | | 第三节 | 股份转让 | 5 | | | 第四章 | | 股东和股东会 | | 6 | | | 第一节 | 股东的一般规定 | 6 | | | | 第二节 | 控股股东和实际控制人 | 9 | | | | 第三节 | 股东会的一般规定 | 10 | | | | 第四节 | 股东会的召集 | 112 | | | | 第五节 | 股东会的提案与通知 | 13 | | | | 第六节 | 股东会的召开 | 14 | | | | 第七节 | 股东会的表决和决议 | 17 | | | 第五章 | | 董事会 | | 21 | | | 第一节 | 董事 | 21 | | | | 第二节 | 董事会 ...

证券代码：000848 证券简称：承德露露 公告编号：2025-048 承德露露股份公司 关于回购注销部分限制性股票减少注册资本 的债权人通知公告 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。 承德露露股份公司（以下简称"公司"）于 2025 年 9 月 11 日召 开公司 2025 年第二次临时股东会，审议通过了《关于回购注销 2024 年限制性股票激励计划部分限制性股票的议案》，同意公司回购注销 激励对象已获授但尚未解锁的限制性股票 1,144,000 股，具体内容详 见 2025 年 9 月 12 日刊登在《中国证券报》《证券时报》《证券日报》 和巨潮资讯网（http://www.cninfo.com.cn）上的《2025 年第二次临 时股东会决议公告》。本次回购注销完成后，公司股份总数将由 1,05 2,554,074.00 股变更为 1,051,410,074.00 股，注册资本将由 1,052, 554,074.00 元减少至 1,051,410,074.00 元。 根据《公司法》等相关法律法规的规定，公司债权人均有权自本 通知公告之日起 45 ...

特别提示： 1、本次股东会未出现否决议案的情形； 股票简称：承德露露 股票代码：000848 公告编号：2025-047 承德露露股份公司 2025年第二次临时股东会决议公告 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。 2、本次股东会未变更前次股东会决议。 一、会议召开和出席情况 （一）会议的召开情况 1、召开时间： （1）现场会议时间：2025 年 9 月 11 日 15:00； （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 9 月 11 日上午 9:15-9:25、9:30—11:30 及下午 13:00-15:00； 通过深圳证券交易所互联网投票系统（wltp.cninfo.com.cn）投票 的时间为：2025 年 9 月 11 日上午 09:15 至当日下午 15:00 期间的任意 时间。 2、现场会议召开地点：承德露露股份公司会议室。 1 3、召开方式：现场投票与网络投票相结合 4、召集人：公司董事会 5、主持人：董事长沈志军先生 6、公司本次股东会的召集、召开程序符合《公司法》《公司章程》 及其他有关法律 ...

北京金诚同达律师事务所 关于 承德露露股份公司 2025 年第二次临时股东会的 法律意见书 北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于承德露露股份公司 2025 年第二次临时股东会的 法律意见书 金证法意[2025]字 0911 第 0826 号 致：承德露露股份公司 北京金诚同达律师事务所（以下简称"本所"）接受承德露露股份公司（以 下简称"承德露露"或"公司"）的聘请，指派本所律师出席公司 2025 年第二次 临时股东会（以下简称"本次股东会"）并对会议的相关事项出具法律意见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华 人民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"）《律师 事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则（试行）》 等有关法律、法规和规范性文件的要求以及《承德露露股份公司章程》（以下简 称"《公司章程》"）的规定，对本次股东会的召集、召开程序，出席会议人员的 资格、召集人资格 ...

Group 1 - The company will participate in the "2025 Hebei Listed Companies Investor Online Reception Day and 2025 Half-Year Report Collective Performance Briefing" organized by the Hebei Listed Companies Association and Shenzhen Panorama Network Co., Ltd [1] - The event will be held online on September 15, 2025, from 15:00 to 17:00, allowing investors to engage through the "Panorama Roadshow" website or its mobile app [1] - Company executives will communicate with investors regarding company performance, governance, development strategy, operational status, and sustainable development [1]

证券代码： 000848 证券简称：承德露露 公告编号：2025-046 二〇二五年九月十一日 1 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: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 9 月 15 日(周 一)15:00-17:00。 届时公司高管将在线就公司业绩、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。 承德露露股份公司 董 事 会 承德露露股份公司 关于参加 2025 年河北辖区上市公司投资者网上集体接 待日暨 2025 年半年报集体业绩说明会的公告 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，承德露露股份公司(以下简称 "公司")将参加由河北省上市公司协会与深圳市全景网络有限公司联 合举办的"2025 年河北辖区上市公司投资者网上集体接待日暨 2025 年 半年报集体业绩说明会"，现将相关事项公告如下: ...

Core Viewpoint - The stock price of Chengde Lululemon has shown a slight decline this year, with a recent increase in trading activity and a notable market capitalization of 9.052 billion yuan [1][2]. Company Overview - Chengde Lululemon, established on October 17, 1997, and listed on November 13, 1997, is located in the High-tech Industrial Development Zone of Chengde City, Hebei Province. The company primarily engages in the production and sale of plant protein beverages [2]. - The main revenue sources for the company include: Almond Milk Series (94.20%), Nut Walnut Series (2.73%), Water Series (2.37%), Plant Milk Series (0.55%), and Others (0.14%) [2]. Stock Performance - The stock price has decreased by 0.82% year-to-date, with a 0.69% drop over the last five trading days, a 2.16% decline over the last 20 days, and a 12.24% decrease over the last 60 days [2]. - As of September 4, the stock price was 8.60 yuan per share, with a trading volume of 91.812 million yuan and a turnover rate of 1.03% [1]. Financial Performance - For the first half of 2025, the company reported a revenue of 1.384 billion yuan, a year-on-year decrease of 15.30%, and a net profit attributable to shareholders of 258 million yuan, down 11.97% year-on-year [2]. Shareholder Information - As of August 29, the number of shareholders increased to 57,900, a rise of 7.53%, while the average circulating shares per person decreased by 7.00% to 18,013 shares [2]. - The company has distributed a total of 4.248 billion yuan in dividends since its A-share listing, with 1.044 billion yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder with 18.7922 million shares, a decrease of 3.3877 million shares from the previous period. The seventh-largest shareholder, China Merchants Core Competitiveness Mixed A, held 12.8159 million shares, down by 829,800 shares [3].

Industry Overview - The beverage production in China is projected to reach 17.97 million tons by July 2025, reflecting a year-on-year growth of 4.7% [1] - From January to July 2025, the cumulative beverage production in China is expected to be 111.01 million tons, with a cumulative growth of 3% [1] Companies Mentioned - Listed companies in the beverage sector include Yangyuan Beverage (603156), Chengde Lolo (000848), Dongpeng Beverage (605499), and Junyao Health (605388) [1] Research Report - The insights are derived from the "2025-2031 China Beverage Industry Market Operation Pattern and Future Prospects Analysis Report" published by Zhiyan Consulting [1][2]