Group 1 - Chengde Lululemon (SZ 000848, closing price: 9.04 yuan) announced on August 27 that its eighth second board meeting was held on August 25, 2025, combining on-site and communication voting methods [1] - The meeting reviewed documents including the risk assessment report on Wanxiang Financial Co., Ltd. [1] - For the first half of 2025, Chengde Lululemon's revenue composition was 99.86% from plant protein beverages and 0.14% from other businesses [1] Group 2 - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to rising stock prices among industry-listed companies [1]

Group 1 - The core viewpoint of the article is that Chengde Lulule's financial performance for the first half of 2025 shows a decline in both revenue and net profit compared to the previous year [1] Group 2 - The company reported an operating income of approximately 1.384 billion yuan, representing a year-on-year decrease of 15.30% [1] - The net profit attributable to shareholders of the listed company was approximately 258 million yuan, reflecting a year-on-year decline of 11.97% [1]

Core Insights - In the first half of 2025, the company reported a revenue of 1.384 billion yuan, a year-on-year decrease of 15.30% [1] - The net profit attributable to the parent company was 258 million yuan, down 11.97% year-on-year [1] Company Strategy - The company is focusing on plant-based products, aligning closely with market demand and consumer preferences [1] - Innovations include flavor development, packaging upgrades, and visual aesthetics, with new product launches such as LULU Plant-Based Health Water, LOLO Sparkling Water, and glass bottle almond milk [1] - The company aims to optimize product structure and diversify offerings to meet various consumer needs [1] Industry Performance - Revenue from plant protein beverages was 1.382 billion yuan, reflecting a year-on-year decline of 15.36% [1] - Revenue from other sectors reached 1.9712 million yuan, showing a significant year-on-year increase of 57.27% [1]

Core Viewpoint - Chengde Lolo (000848.SZ) reported a decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved operating revenue of 1.384 billion yuan, a year-on-year decrease of 15.30% [1] - The net profit attributable to shareholders was 258 million yuan, down 11.97% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was also 258 million yuan, reflecting a decrease of 11.70% year-on-year [1] - Basic earnings per share stood at 0.25 yuan [1]

Core Viewpoint - The company has adjusted the repurchase price for the restricted stock incentive plan to 5.3 yuan per share following two cash distributions to shareholders, in compliance with relevant regulations [3][4]. Group 1: Incentive Plan Overview - The company approved the 2024 restricted stock incentive plan, granting 13 million shares to 5 individuals at a price of 6.00 yuan per share, representing 1.24% of the total share capital [2]. - The grant date was set for April 17, 2024, after confirming that the granting conditions were met [2]. - The shares were transferred to the incentive recipients on April 26, 2024, at the agreed price [2]. Group 2: Adjustment of Repurchase Price - The repurchase price was adjusted due to two cash distributions made to shareholders, with the first distribution being 4.0 yuan per 10 shares and the second being 3.0 yuan per 10 shares [3]. - The adjustment formula used was P = P0 - V, where P0 is the original grant price and V is the cash distribution per share [3]. - The new repurchase price of 5.3 yuan per share reflects these adjustments [3]. Group 3: Impact of the Adjustment - The adjustment of the repurchase price complies with the regulations of the stock incentive management measures and will not materially affect the company's financial status or operational results [4]. - The board's remuneration and assessment committee, along with legal counsel, confirmed the legality and compliance of the adjustment process [4].

证券代码：000848 证券简称：承德露露 公告编号：2025-038 承德露露股份公司 关于万向财务有限公司的风险评估报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 按照《深圳证券交易所上市公司自律监管指引第 7 号——交易与关 联交易》的要求，公司通过查验万向财务有限公司（以下简称"财务公 司"）《金融许可证》《企业法人营业执照》等证件资料，取得并审阅 资产负债表、利润表等财务报表（未经审计），对财务公司与财务报表 相关的资金、信贷、投资、稽核、信息管理等风险管理体系的制定及实 施情况进行了评估，具体情况报告如下： 一、财务公司基本情况 财务公司系经中国人民银行银复(2002)205 号文批准，于 2002 年 8 月 22 日 在 浙 江 省 市 场 监 督 管 理 局 登 记 注 册 。 现 持 有 编 码 为 L0045H233010001 的 金 融 许 可 证 和 统 一 社 会 信 用 代 码 为 91330000742903006P 的营业执照。现有注册资本 185,000 万元，其中： 万向集团公司出资 122,254.17 万元，占 ...

（未经审计） 2025 年 8 月 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：承德露露股份公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 3,238,529,241.67 | 3,390,023,990.57 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 3,348,226.71 | 18,948,933.14 | | 应收款项融资 | | | | 预付款项 | 14,198,251.12 | 4,305,208.00 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应收款 | 468,807.97 | 457,458.14 | | 其中：应收利息 | | | | 应收股利 | | | | 买入返售金融资 ...

单位：万元 | 非经营性资金占用 | 资金往来方名称 | 占用方与上 | 上市公司 | 2024年期初 | 2024年半 年度往来 | 2024年半 年度往来 | 2024年半年 | 2024年半年 | 占用 | 占用性 质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 市公司的关 联关系 | 核算的会 计科目 | 往来资金余 额 | 累计发生 金额(不含 利息) | 资金的利 息(如有) | 度偿还累计 发生金额 | 度期末往来 资金余额 | 形成 原因 | | | 控股股东、实际控制 | | | | | | | | | | 非经营性 | | 人及其附属企业 | | | | | | | | | | 占用 | | 小计 | | | | | | | | | | - | | 前控股股东、实际控 | | | | | | | | | | 非经营性 | | 制人及其附属企业 | | | | | | | | | | 占用 | | 小计 | | | | | | | | | | - | | 其他关联方及其附属 | | | ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 承德露露股份公司（以下简称"公司"）的全资子公司露露植饮（淳 安）有限公司（以下简称"露露植饮（淳安）"）为满足项目建设资金需 求，拟与中国建设银行股份有限公司淳安支行签订固定资产贷款合同， 贷款期限 70 个月，贷款金额 26,500 万元。为支持子公司项目建设，公 司拟为露露植饮（淳安）上述银行贷款提供最高不超过 29,500 万元（含 测算利息等）的保证担保，保证方式为连带责任保证。保证期间自合同 签订之日起至露露植饮（淳安）的债务履行期限届满日后一年止。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司 自律监管指引第 1 号——主板上市公司规范运作》及《公司章程》等相 关规定，本次担保事项不涉及关联交易，在公司董事会审批权限范围内， 无需提交股东会审议。 二、被担保人基本情况 证券代码：000848 证券简称：承德露露 公告编号：2025-043 承德露露股份公司 关于为全资子公司提供担保的公告 股权结构：承德露露股份公司持股 100%。 2、主要财务指标 单位：元 1、被担 ...

证券代码：000848 证券简称：承德露露 公告编号：2025-041 承德露露股份公司 关于变更注册资本暨修订《公司章程》的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 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 8 月 25 日召开 的第八届董事会第二十次会议审议通过了《关于变更注册资本暨修订< 公司章程>的议案》，现将相关情况公告如下： 一、注册资本变更情况 根据公司《2024 年限制性股票激励计划》和《公司 2024 年限制性 股票激励计划实施考核管理办法》的相关规定，结合限制性股票激励计 划实施情况，公司将回购注销 2024 年限制性股票激励计划限制性股票 1,144,000 股 ， 本 次 回 购 注 销 后 ， 公 司 注 册 资 本 将 由 人 民 币 1,052,554,074.00 元变更为 1,051,410,074.00 元。 二、修订《公司章程》具体情况 注册资本变更后，公司拟对《公司章程》进行修订，具体情况如下： | | 修订前 | | | 修订后 | 修订 | | --- | --- | --- | --- | ...