证券代码：000929 证券简称：*ST 兰黄 公告编号：2025（临）-53 兰州黄河企业股份有限公司 关于回购公司股份比例达到 1%暨回购进展公告 二、其他说明 （一）公司回购股份的时间、回购股份数量、回购股份价格及集 中竞价交易的委托时段符合《上市公司股份回购规则》《深圳证券交 易所上市公司自律监管指引第 9 号——回购股份》的相关要求，具体 如下： 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。 兰州黄河企业股份有限公司（以下简称"公司"）分别于 2025 年 3 月 7 日、2025 年 3 月 21 日召开第十二届董事会第九次会议和 2025 年第二次临时股东大会，审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金或自筹资金以集中竞价交易方式回购公司股 份，用于股权激励或员工持股计划。本次回购股份的资金总额不低于 人民币 2,000 万元（含）且不超过人民币 3,000 万元（含），回购价 格不超过人民币 9.70 元/股。具体回购数量和金额以回购股份期限届 满或回购股份实施完毕时实际回购数量和金额为准。本次回购股份的 实施期限自公司 ...

Core Insights - The Chinese beer industry is undergoing a significant leadership transition, with major companies experiencing management changes over the past nine months, reflecting challenges in performance growth and strategic transformation [1][2][4] Group 1: Leadership Changes - Zhang Yong has been appointed as the new general manager of Zhujiang Beer, marking a shift in leadership as part of a broader trend affecting major beer companies in China [1] - In 2024, Qingdao Beer and Lanzhou Yellow River also saw significant management changes, with new leadership taking over after the retirement of long-standing executives [2] - International beer companies are also adjusting their leadership in China, with Budweiser China appointing Fabio Sala as the new China president, ending a three-year vacancy in the position [2] Group 2: Industry Challenges - The beer industry is facing a transition from volume growth to a new phase where both volume and profit are stagnating or only slightly increasing, prompting companies to seek new growth avenues [3] - A significant number of beer companies are reporting declining revenues, with four out of seven major listed companies experiencing revenue drops, including Budweiser Asia Pacific and China Resources Beer, with declines of -8.9% and -0.76% respectively [4][5] - The overall beer production in China decreased by 0.6% in 2024, with major companies like China Resources Beer and Budweiser Asia Pacific also reporting declines in sales volume [5] Group 3: Market Dynamics - The beer market is witnessing a shift in consumer demand, with challenges in high-end product growth and a decline in immediate consumption channels, leading to a need for strategic adjustments [6][7] - The competition in the beer sector is evolving from channel acquisition to exploring consumer scenarios, particularly in the high-end beer segment [6] - The online penetration rate in the alcohol industry has reached 35%, with the beer instant retail market experiencing significant growth, indicating a shift towards more diverse and health-oriented products [7]

Summary of Key Points Core Viewpoint - The company anticipates a negative net profit for the first half of 2025 due to intensified market competition and insufficient sales growth despite increased marketing efforts [2][3]. Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025, with an expected net profit in negative territory [2]. - The forecast has not been pre-audited by the accounting firm [2]. Reasons for Performance Changes - Increased competition in the local market has hindered the company's ability to boost beer sales, leading to anticipated losses [3]. - The company expects non-recurring gains from securities investments to be approximately 2.66 million yuan [4]. Risk Factors - The performance forecast is based on preliminary calculations by the finance department, with detailed financial data to be disclosed in the 2025 semi-annual report [5]. - The company’s 2024 annual financial data triggered a risk warning for delisting due to negative profit figures and revenue below 300 million yuan [5]. - The company will adhere to legal requirements for timely information disclosure [5]. Other Relevant Information - The company has designated information disclosure media, including "China Securities Journal," "Securities Times," and the website www.cninfo.com.cn, for all announcements [6].

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a loss for the first half of 2025, with net profit attributable to shareholders projected to be a loss of RMB 10 million to RMB 13 million, an increase in loss compared to the prior year, and operating revenue expected to decline to RMB 93.5 million to RMB 105 million 2025 Semi-Annual Performance Forecast | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | **Loss: -13.00 million RMB to -10.00 million RMB** | Loss: -8.20 million RMB | | Year-on-Year Change | Decrease: -58.54% to -21.96% | - | | **Net Profit After Non-Recurring Items** | **Loss: -15.00 million RMB to -12.00 million RMB** | Loss: -15.97 million RMB | | Year-on-Year Change | Increase: 6.05% to 24.84% | - | | **Basic Earnings Per Share** | **Loss: -0.0700 RMB/share to -0.0539 RMB/share** | Loss: -0.0441 RMB/share | | **Operating Revenue** | **93.50 million RMB – 105.00 million RMB** | 115.03 million RMB | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The company explicitly states that this performance forecast has not been pre-audited by an accounting firm - This performance forecast has not been pre-audited by an accounting firm[3](index=3&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The primary reason for the performance loss is intensified local market competition, where increased marketing efforts did not lead to rapid beer sales growth, alongside a non-recurring net gain of approximately RMB 2.66 million from securities investments - Performance loss is primarily attributed to intensified competition in the company's local market, where increased marketing efforts did not effectively drive beer sales growth[4](index=4&type=chunk) - In the first half of 2025, the company recorded a net gain of approximately **RMB 2.66 million** from securities investments, which is classified as non-recurring profit or loss[4](index=4&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company warns that this performance forecast is a preliminary estimate, and more critically, its stock has been subject to delisting risk warning since April 30, 2025, due to 2024 financial data, potentially facing delisting if 2025 performance remains unsatisfactory - This performance forecast represents a preliminary estimate by the company's financial department, with final data subject to the 2025 semi-annual report[5](index=5&type=chunk) - The company's stock has been subject to a delisting risk warning since April 30, 2025, due to its 2024 financial data triggering relevant provisions of the Shenzhen Stock Exchange Stock Listing Rules[5](index=5&type=chunk) - Should the company's 2025 performance continue to be unsatisfactory, its stock may face the risk of delisting[5](index=5&type=chunk) [Other Relevant Information](index=2&type=section&id=V.%20Other%20Relevant%20Information) The company reiterates that its designated information disclosure media are China Securities Journal, Securities Times, and cninfo.com.cn, advising investors to rely on official announcements - The company's designated information disclosure media are China Securities Journal, Securities Times, and cninfo.com.cn, and all information should be based on these official sources[6](index=6&type=chunk)

证券代码：000929 证券简称：*ST 兰黄 公告编号：2025（临）-51 兰州黄河企业股份有限公司 关于回购公司股份的进展公告 兰州黄河企业股份有限公司（以下简称"公司"）分别于 2025 年 3 月 7 日、2025 年 3 月 21 日召开第十二届董事会第九次会议和 2025 年第二次临时股东大会，审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金或自筹资金以集中竞价交易方式回购公司股 份，用于股权激励或员工持股计划。本次回购股份的资金总额不低于 人民币 2,000 万元（含）且不超过人民币 3,000 万元（含），回购价 格不超过人民币 9.70 元/股。具体回购数量和金额以回购股份期限届 满或回购股份实施完毕时实际回购数量和金额为准。本次回购股份的 实施期限自公司股东大会审议通过本次回购股份方案之日起 12 个月 内。具体内容详见公司于 2025 年 3 月 10 日、2025 年 3 月 27 日在巨 潮资讯网（www.cninfo.com.cn）上披露的《关于回购公司股份方案的 公告》（公告编号：2025（临）-20）、《回购股份报告书》（公告 编号：2025（临）-26）。 ...

Core Viewpoint - The legal opinion provided by Beijing Deheng (Lanzhou) Law Firm confirms that the convening and holding of the 2025 third extraordinary general meeting of shareholders of Lanzhou Huanghe Enterprise Co., Ltd. complies with relevant laws, regulations, and the company's articles of association [5][10][14]. Group 1: Meeting Convening and Holding - The company announced the meeting 15 days in advance, which is in accordance with the Company Law and the rules governing shareholder meetings [6][10]. - The meeting was held on June 5, 2025, at 2:30 PM in Lanzhou, and was presided over by Chairman Tan Yuexin [6][10]. - The notice for the meeting included all necessary details such as time, location, and voting procedures, aligning with the company's articles of association [6][10]. Group 2: Attendance and Voting - A total of 134 shareholders attended the meeting, representing 57,481,377 shares, which is 31.0548% of the total voting shares [7][8]. - The attendance included valid identification and authorization documents for all participating shareholders and their representatives [8][9]. - The voting process was conducted both on-site and online, with specific time slots for each method, ensuring compliance with legal requirements [9][10]. Group 3: Voting Results - The voting results showed that 57,326,077 shares (99.7298%) were in favor of the proposals, while 126,900 shares (0.2208%) were against, and 28,400 shares (0.0494%) were abstained [10][11]. - Among minority investors, 8,106,548 shares (98.1203%) voted in favor, with 126,900 shares (1.5360%) against, and 28,400 shares (0.3437%) abstained [11][12]. - The legal opinion concludes that the voting results are valid and comply with all relevant regulations [13][14].

Meeting Details - The meeting of Lanzhou Yellow River Enterprises Co., Ltd. was held on June 5, 2025, at 2:30 PM, combining on-site voting and online voting [1] - The total number of shares as of the registration date (May 29, 2025) was 185,096,400, with 57,481,377 shares represented at the meeting, accounting for 31.0548% of the voting shares [2] Attendance Overview - A total of 134 shareholders attended the meeting, representing 57,481,377 shares, with 3 attending in person and 131 voting online [2] - Among the attendees, 132 were small shareholders, representing 8,261,848 shares, which is 4.4635% of the voting shares [3] Proposal Voting Results - Proposal 1: Amendment to the Articles of Association received 57,326,077 votes in favor, representing 0.0494% of the total voting shares [4] - Proposal 2: Amendment to the Rules of Procedure for Shareholders' Meetings also received 57,326,077 votes in favor, with the same percentage of 0.0494% [4] - Proposal 3: Amendment to the Rules of Procedure for Board Meetings received 57,169,277 votes in favor, accounting for 0.3222% of the total voting shares [5] Legal Opinions - The meeting's personnel qualifications, voting methods, and procedures were confirmed to comply with relevant laws and regulations, ensuring the validity of the voting results [5]

电话：（0931）8260111 邮编：730011 北京德恒（兰州）律师事务所 关于兰州黄河企业股份有限公司 2025 年第三次临时股东大会的法律意见 北京德恒（兰州）律师事务所 关于兰州黄河企业股份有限公司 2025 年第三次临时股东大会的 法律意见 甘肃省兰州市城关区雁园路 601 号甘肃省商会大厦 A 座 15 层 北京德恒（兰州）律师事务所 关于兰州黄河企业股份有限公司 2025 年第三次临时股东大会的 法律意见 致：兰州黄河企业股份有限公司 北京德恒 （兰州）律师事务所 （以下简称：本所）受兰州黄河企业股份有限 公司 （以下简称：公司/贵公司）委托，就贵公司 2025 年第三次临时股东大会 （以 下简称：本次股东大会）召开的有关事宜，根据《中华人民共和国公司法》（以 下简称：《公司法》）、《上市公司股东会规则》（以下简称：《股东会规则》）、《兰 州黄河企业股份有限公司章程》（以下简称：《公司章程》）的有关规定，本所律 师就本次会议的召集、召开程序、现场出席会议人员资格、表决程序等相关事项 进行见证，并发表本《法律意见》。 为出具本《法律意见》，本所律师出席了本次会议，并审查了公司提供的以 下文件， ...

证券代码：000929 证券简称：*ST 兰黄 公告编号：2025（临）-50 兰州黄河企业股份有限公司 2025 年第三次临时股东大会决议公告 特别提示： 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。 1、本次股东大会未出现提案被否决的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开情况： 召开时间：兰州黄河企业股份有限公司（以下简称"公司"或"本公司"） 2025 年第三次临时股东大会（以下简称"本次股东大会"或"本次会议"）现 场会议召开时间为：2025 年 6 月 5 日（星期四）下午 2：30，通过深圳证 券交易所（以下简称"深交所"）交易系统进行网络投票的时间为 2025 年 6 月 5 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深交所互联网投票系统进 行网络投票的时间为 2025 年 6 月 5 日 9:15-15:00 期间的任意时间。 现场会议召开地点：甘肃省兰州市七里河区郑家庄 108 号。 召开方式：现场表决与网络投票相结合的方式。 会议召集人：公司董事会 ...

证券代码：000929 证券简称：*ST 兰黄 公告编号：2025（临）-49 兰州黄河企业股份有限公司 关于回购公司股份的进展公告 1.公司未在下列期间内回购股份 （1）自可能对本公司证券及其衍生品种交易价格产生重大影响 的重大事项发生之日或者在决策过程中，至依法披露之日内； （2）中国证监会和深圳证券交易所规定的其他情形。 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。 兰州黄河企业股份有限公司（以下简称"公司"）分别于 2025 年 3 月 7 日、2025 年 3 月 21 日召开第十二届董事会第九次会议和 2025 年第二次临时股东大会，审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金或自筹资金以集中竞价交易方式回购公司股 份，用于股权激励或员工持股计划。本次回购股份的资金总额不低于 人民币 2,000 万元（含）且不超过人民币 3,000 万元（含），回购价 格不超过人民币 9.70 元/股。具体回购数量和金额以回购股份期限届 满或回购股份实施完毕时实际回购数量和金额为准。本次回购股份的 实施期限自公司股东大会审议通过本次回购股份方 ...