Core Viewpoint - Dongfang Ocean reported a decline in both revenue and net profit for the third quarter and the first three quarters of the year, indicating ongoing financial challenges [1] Financial Performance - The third quarter revenue was 89.93 million yuan, a year-on-year decrease of 2.67% [1] - The net profit for the third quarter was a loss of 34.39 million yuan, representing a decline of 22.23% [1] - For the first three quarters, the total revenue was 246 million yuan, down 0.78% year-on-year [1] - The net profit for the first three quarters showed a loss of 105 million yuan, which is a significant decline of 51.43% [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥89,926,823.81, a decrease of 2.67% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 22.23% year-on-year, amounting to -¥34,388,630.64[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 11.41%, totaling -¥37,113,547.34[5]. - Total operating revenue for the current period is $245.97 million, a decrease of 0.78% from $247.91 million in the previous period[18]. - Net profit for the current period is -$106.31 million, compared to -$70.30 million in the previous period, indicating a significant increase in losses[19]. - Basic and diluted earnings per share for the current period are both -$0.05, compared to -$0.04 in the previous period[19]. Cash Flow - The cash flow from operating activities showed a net increase of 37.99%, with a total of -¥107,354,267.38 year-to-date[5][9]. - The net cash flow from operating activities is -$107.35 million, an improvement from -$173.12 million in the previous period[20]. - The company received cash from operating activities totaling $266.26 million, slightly up from $265.35 million in the previous period[21]. - The company reported a net cash outflow from investing activities of -$2.23 million, an improvement from -$8.28 million in the previous period[22]. - The net cash inflow from financing activities was $51.37 million, a decrease from $219.58 million in the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,659,318,316.24, down 8.92% from the end of the previous year[5]. - The total assets of Shandong Oriental Ocean Technology Co., Ltd. decreased from CNY 1,821,861,787.75 at the beginning of the period to CNY 1,659,318,316.24 at the end of the period, representing a decline of approximately 8.93%[15]. - The company's current assets decreased from CNY 726,152,680.12 to CNY 625,047,207.74, a reduction of about 13.9%[15]. - The total liabilities decreased from CNY 379,993,273.72 to CNY 324,171,966.56, a decline of about 14.7%[16]. - The company's total equity decreased from CNY 1,441,868,514.03 to CNY 1,335,146,349.68, a reduction of approximately 7.4%[16]. Shareholder Information - The equity attributable to shareholders decreased by 7.37% to ¥1,326,023,397.36 compared to the previous year-end[5]. - The total number of ordinary shareholders at the end of the reporting period was 72,503[10]. Inventory and Receivables - The inventory increased from CNY 220,092,916.76 to CNY 256,585,816.53, reflecting a growth of approximately 16.6%[15]. - The accounts receivable increased from CNY 75,195,699.15 to CNY 79,646,848.69, an increase of about 5.8%[15]. Government Support - The company received government subsidies amounting to ¥2,640,531.29 during the reporting period[6]. Earnings and Losses - The company's gross profit margin declined significantly, primarily due to a 62.56% drop in sea cucumber revenue and a 76.13% decrease in testing and reagent kit revenue[9]. - The retained earnings showed a negative balance, increasing from CNY -2,528,852,997.48 to CNY -2,634,256,073.40, indicating a further loss[16].

证券代码：002086 证券简称：东方海洋 公告编号：2025-058 山东东方海洋科技股份有限公司 关于全资子公司取得医疗器械注册证的公告 2. 本次产品获证后还未投入生产，其实际销售情况受市场拓展力度及市场 实际需求等多重因素影响，目前尚无法预测上述获批产品对公司未来业绩的具体 影响，请广大投资者注意投资风险。 请广大投资者充分阅读本公告正文表述的相关风险事项，公司特别提示投资 者理性投资。 山东东方海洋科技股份有限公司（以下简称"公司"）全资子公司艾维可生物 科技有限公司自主研发的全量程 C—反应蛋白(hSCRP+CRP)测定试剂盒（荧光免 疫层析法）于近日取得了山东省药品监督管理局的注册批准，获得医疗器械注册 证，具体情况如下： 一、产品信息 1、全量程 C—反应蛋白(hSCRP+CRP)测定试剂盒（荧光免疫层析法） | 产品名称 | 全量程 C—反应蛋白(hSCRP+CRP)测定试剂盒（荧光免疫层析法） | | | | | | --- | --- | --- | --- | --- | --- | | 注册证编号 | 鲁械注准 20252400655 | | | | | | 注册人名称 | 艾维可生 ...

证券代码：002086 证券简称：东方海洋 公告编号：2025-057 山东东方海洋科技股份有限公司 2025 年第一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内容的真实、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．本次股东会未出现否决提案的情形； 一、会议召开和出席情况 （一）会议召开情况 1．会议召开时间： （1）现场会议的召开时间为：2025 年 10 月 24 日（星期五）上午 9:30。 （2）网络投票时间：2025 年 10 月 24 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 10 月 24 日 9:15-9:25，9:30-11:30，13:00-15:00； 通过深圳证券交易所互联网系统进行网络投票的具体时间为 2025 年 10 月 24 日 9:15-15:00 的任意时间。 2．现场会议地点：山东省烟台市莱山区澳柯玛大街18号公司会议室。 3．会议召开方式：本次股东会采用现场表决与网络投票相结合的方式召开。 2．本次股东会未涉及变更以往股东会已通过的决议。 4．会议届次：2025年第一次临时股东会。 5．会议召集人 ...

山东鑫同律师事务所 关于山东东方海洋科技股份有限公司 2025年第一次临时股东会的 法律意见书 山东鑫同律师事务所 关于山东东方海洋科技股份有限公司 2025 年第一次临时股东会的法律意见书 致：山东东方海洋科技股份有限公司 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》"）和中国证券 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》"） 等法律、法规和规范性文件以及《山东东方海洋科技股份有限公司章 程》（以下简称"《公司章程》"）的规定，山东鑫同律师事务所（以 下简称"本所"）接受山东东方海洋科技股份有限公司（以下简称"公 司"）的委托，指派律师参加公司 2025 年第一次临时股东会（以下 简称"本次股东会"）。 本所声明：本所律师仅对本次股东会的召集程序、召开程序、出 席会议人员资格、召集人资格、表决程序及表决结果发表法律意见， 并不对本次股东会所审议的议案、议案所涉及的数字及内容发表意见。 本所律师同意将本法律意见书随本次股东会其他信息披露资料一并 公告。 本法律意见书仅供见证公司本次股东会相关事项的合法性之目 的使用，不得用作任何 ...

Core Viewpoint - The successful restructuring of Dongfang Ocean Technology Co., Ltd. demonstrates the effectiveness of judicial and governmental collaboration in revitalizing distressed enterprises, ensuring the protection of employee and creditor rights while optimizing resource allocation in the region [1][2][3] Group 1: Company Restructuring - Dongfang Ocean faced severe financial difficulties, including insolvency and potential bankruptcy, due to non-operational fund occupation and irregular guarantees [1] - The company was identified as a national high-tech enterprise with valuable technology and resources, which provided a basis for potential recovery [1] - A strategic investment of 1.354 billion yuan was secured within four days, allowing the company to resume operations and stabilize its workforce of over 1,000 employees [2] Group 2: Judicial and Government Collaboration - The local court utilized a pre-restructuring mechanism to guide the recruitment of investors and asset verification, facilitating a structured approach to the company's recovery [1] - The Shandong courts have effectively identified enterprises with recovery potential, aiding those deemed "honest but unfortunate" to escape financial distress [2] - The collaboration between local government and courts has proven essential in resolving bankruptcy cases, as seen in the rapid completion of the asset auction for Helit Wheel Co., Ltd. within 36 days [2][3] Group 3: Industry Impact - The restructuring efforts not only helped Dongfang Ocean but also contributed to the establishment of a complete high-speed rail axle industry chain in the region, enhancing local economic development [3] - The Shandong courts' approach to bankruptcy cases has facilitated the optimization of resource allocation, with 217,000 employees being successfully placed through various restructuring efforts in 2023 [3]

Core Viewpoint - The article discusses the successful restructuring of Dongfang Ocean Technology Co., Ltd., which faced severe financial difficulties and potential bankruptcy, highlighting the role of judicial and governmental cooperation in revitalizing struggling enterprises [2][3]. Group 1: Company Restructuring - Dongfang Ocean, once on the brink of bankruptcy due to non-operational fund occupation and illegal guarantees, has successfully restructured and revitalized its operations [2]. - The company received a strategic investment of 1.354 billion yuan within four days, allowing it to recover and stabilize its workforce of over 1,000 employees and protect the rights of 632 creditors and nearly 20,000 small investors [3]. - The total market value of Dongfang Ocean increased from 1.2 billion yuan before restructuring to over 5 billion yuan post-restructuring [3]. Group 2: Judicial and Governmental Role - The Yantai court utilized a pre-restructuring mechanism to guide the temporary management in recruiting investors and conducting asset evaluations, demonstrating a proactive approach to corporate recovery [2]. - The Shandong courts have effectively identified enterprises with recovery potential, facilitating the resolution of financial distress for "honest but unfortunate" companies while also ensuring timely liquidation for those without recovery value [3][5]. - The case of Helix Wheel Co., which underwent a successful bankruptcy process in just 36 days, illustrates the efficiency of the judicial system in asset liquidation and the importance of advanced production lines in maintaining industrial value [3][4]. Group 3: Impact on Local Economy - The restructuring efforts not only helped individual companies but also contributed to the optimization of resource allocation and risk mitigation in the region, with 217,000 employees being placed through bankruptcy disposals in 2023 [5]. - The establishment of a complete high-speed rail axle industry chain following the acquisition of advanced production lines by Bohong Rail Transit Equipment Technology Co., Ltd. showcases the positive ripple effects of effective bankruptcy management on local industry development [4].

Industry Overview - The pre-prepared food industry in China is experiencing rapid growth driven by consumption upgrades and industrial transformation, with the seafood segment showing strong momentum [1] - The domestic seafood pre-prepared food market reached a scale of 126 billion yuan in 2023, marking a year-on-year growth of 20.3%, and a compound annual growth rate of 18.1% from 2019 to 2023 [1] - By 2025, the market size is expected to exceed 200 billion yuan, accounting for over a quarter of the overall pre-prepared food market, which is projected to reach 617.3 billion yuan [1] Market Dynamics - The rapid rise of seafood pre-prepared foods is attributed to B-end cost reduction and efficiency improvement demands, as well as C-end convenience consumption needs [2] - The restaurant industry's chain rate has increased to 22.3% in 2023, leading to higher demands for standardized supply, food safety, and cost optimization, making pre-prepared foods essential for scalable operations [2] - The B-end market penetration for seafood pre-prepared foods has reached 38%, while C-end consumers prioritize convenience, taste restoration, and product innovation [2] Policy and Technological Support - Policy support and technological breakthroughs are bolstering the development of seafood pre-prepared foods, with a new regulatory framework established in March 2024 to enhance food safety and promote high-quality industry development [3] - Advances in cold chain logistics and smart aquaculture have addressed challenges in processing and transportation losses, facilitating large-scale industry development [3] Company Spotlight: Dongfang Ocean - Dongfang Ocean is a key agricultural enterprise with a comprehensive industry chain, excelling in sea cucumber breeding, marine ranching, and seafood processing [3] - The company possesses 48,500 acres of aquaculture area meeting national first-class water quality standards, ensuring high-quality raw materials for seafood pre-prepared foods [3] - Dongfang Ocean has established a standardized breeding and processing system, obtaining multiple international certifications and building a strong market reputation for its sea cucumber products [4] Growth Potential - The company is expanding its product offerings in the seafood pre-prepared food sector, with rapid sales growth in ready-to-eat sea cucumber slices and pre-packaged sea cucumber porridge [4] - The consumption scenarios for sea cucumber products are evolving from traditional gift markets to everyday family dining [4] - With its resource advantages and industry chain capabilities, Dongfang Ocean is poised for significant breakthroughs in the seafood pre-prepared food market as it approaches the 200 billion yuan milestone by 2025 [4]

Core Points - Shandong Oriental Ocean Technology Co., Ltd. published its articles of association in September 2025, detailing regulations on company organization, shareholder and management rights and obligations, laying a solid institutional foundation for stable development [1][2] - The company was established through a founding method and registered with the Shandong Provincial Administration for Industry and Commerce, with a registered capital of 1,958.9465 million RMB, and was listed on the Shenzhen Stock Exchange on November 28, 2006 [1] - The company operates in various fields including marine aquaculture, food processing, aquatic technology research and promotion, import and export business, freight forwarding, warehousing leasing, and biopharmaceutical research and production [1] Governance Structure - The articles of association specify the issuance, increase, decrease, repurchase, and transfer of shares, with a total of 1,958,946,500 shares, all of which are RMB ordinary shares, adhering to principles of openness, fairness, and justice [1] - The shareholders' meeting is the power institution, responsible for electing directors, reviewing profit distribution plans, and deciding on major company matters, while the board of directors, consisting of nine members, is responsible for operational decisions and management [1] - The company has established a party organization, clarifying its structure and responsibilities, playing a political core role in the company's development [1] Financial Accounting System - The company is required to prepare and disclose annual and interim reports, distribute profits according to regulations, and allocate statutory and discretionary reserves, with a profit distribution policy that emphasizes investor returns while balancing shareholder interests and company development [2] - The publication of the articles of association will help standardize company operations, protect the legitimate rights and interests of shareholders, employees, and creditors, and provide a solid institutional guarantee for long-term development [2]

山东东方海洋科技股份有限公司 累积投票制实施细则 （2025 年 9 月） 第一章 总 则 第一条 为进一步完善山东东方海洋科技股份有限公司（以下简称"公司"） 的法人治理结构，维护中小股东利益，规范公司董事的选举行为，根据《中华 人民共和国公司法》《上市公司治理准则》《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》和 《公司章程》的有关规定，制定本细则。 第四条 下列情形应当采用累积投票制： （一）选举两名以上独立董事时； （二）当公司单一股东及其一致行动人拥有权益的股份比例在 30%以上时， 公司选举两名以上董事时； （三）有两名及以上有提名资格的股东同时分别提名董事候选人时。 股东会以累积投票方式选举董事的，独立董事和非独立董事的表决应当分 别进行。不采取累积投票方式选举董事的，每位董事候选人应当以单项提案提 出。 1 第二章 董事候选人的提名 第五条 公司董事候选人的提名应当符合《证券法》《公司法》《公司章程》 和《股东会议事规则》的规定。独立董事的提名还应符合《上市公司独立董事 管理办法》的规定。 第二条 本细则所称累积投票制，是指公司股东会在选举两 ...