天邦食品股份有限公司 证券代码：002124 证券简称：ST天邦 公告编号：2025-034 第八届董事会第三十六次会议决议公告 天邦食品股份有限公司（以下简称"公司"）第八届董事会第三十六次会议（以 下简称"本次会议"或"会议"）通知已于 2025 年 4 月 13 日以通讯方式向全体董事 发出，会议于 2025 年 4 月 24 日上午 9：00 以通讯及现场方式在上海行政总部召 开。会议由董事长张邦辉先生主持，应出席会议董事 7 人，实际出席会议董事 7 人，公司监事及高级管理人员列席了本次会议。会议的召集和召开符合《中华人 民共和国公司法》和《天邦食品股份有限公司公司章程》的有关规定，决议合法 有效。本次会议审议通过了如下议案： 一、会议以 7 票赞成，0 票反对，0 票弃权审议通过了《2025 年第一季度报 告》； 《2025 年第一季度报告》于 2025 年 4 月 25 日刊登于《证券时报》《中国证 券报》《上海证券报》《证券日报》和巨潮资讯网（www.cninfo.com.cn），公告编 号：2025-036。 特此公告。 天邦食品股份有限公司董事会 二〇二五年四月二十五日 1 本公司及董事会 ...

Financial Performance - The company's revenue for Q1 2025 was ¥2,443,365,069.41, representing a 19.17% increase compared to ¥2,050,233,784.89 in the same period last year[5] - Net profit attributable to shareholders decreased by 78.97% to ¥126,941,575.83 from ¥603,731,515.18 year-on-year[5] - Basic and diluted earnings per share fell by 78.98% to ¥0.0571 from ¥0.2717 in the same period last year[5] - Net profit for the period was ¥126,527,831.14, down from ¥602,994,549.46, representing a decline of about 78.93%[22] - The company reported a total comprehensive income of ¥126,904,710.19, down from ¥603,375,955.69, a decrease of approximately 78.99%[22] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching ¥324,861,645.54, a 118.05% increase from a negative cash flow of ¥1,800,092,563.11 in the previous year[5] - Operating cash flow increased to ¥324,861,645.54 from a negative cash flow of -¥1,800,092,563.11, indicating a significant turnaround[23] - Cash and cash equivalents increased by 146.50% compared to the beginning of the period, indicating a strong liquidity position[9] - Cash and cash equivalents at the end of the period increased to ¥279,398,770.57 from ¥58,776,390.12, a rise of approximately 376.36%[24] - Financing activities generated a net cash outflow of -¥113,833,438.98, improving from -¥631,872,171.06 in the prior period[24] - Investment activities resulted in a net cash outflow of -¥54,982,702.61 compared to a net inflow of ¥1,514,952,366.56 in the previous period[24] Assets and Liabilities - Total assets increased by 0.58% to ¥13,744,779,547.61 compared to ¥13,664,910,129.28 at the end of the previous year[5] - The total liabilities decreased to ¥9,867,798,507.83 from ¥9,918,133,799.69, showing a reduction of about 0.5%[18] - The non-current liabilities decreased to ¥1,951,683,550.00 from ¥2,108,584,967.52, indicating a decline of approximately 7.4%[18] - The company's equity attributable to shareholders rose by 3.46% to ¥3,802,559,668.94 from ¥3,675,241,214.06 at the end of the previous year[5] Operational Performance - Total operating revenue for the current period reached ¥2,443,365,069.41, representing an increase from ¥2,050,233,784.89 in the previous period, indicating a growth of approximately 19.2%[20] - Total operating costs decreased to ¥2,377,542,332.70 from ¥2,530,893,771.17, a reduction of approximately 6.04%[21] - Sales revenue from goods and services received cash of ¥2,470,955,790.42, up from ¥2,035,063,549.21, an increase of approximately 21.43%[23] - Accounts receivable rose by 31.24%, attributed to increased credit sales during the reporting period[9] - The inventory balance rose to ¥1,972,037,392.28 from ¥1,872,434,039.37, reflecting an increase of about 5.3%[16] Restructuring and Support - The company is currently undergoing a pre-restructuring process due to its inability to repay due debts, with a six-month pre-restructuring period initiated on August 9, 2024[13] - The company has received support from local government and has potential investors interested in participating in the pre-restructuring investment[13] - The company is actively engaging with potential investors and conducting necessary evaluations for the restructuring process[14] Other Financial Metrics - Research and development expenses rose to ¥10,707,213.73 from ¥9,597,898.18, an increase of about 11.53%[21] - The company reported a significant reduction in asset impairment losses, which decreased by 100% due to no signs of impairment during the reporting period[9] - The company's retained earnings showed an improvement, with a loss of ¥2,876,880,124.33 compared to a loss of ¥3,003,821,700.16 in the previous period[18]

天邦食品股份有限公司 关于举办2024年度暨2025年第一季度现场业绩说明会的公告 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。 为加强上市公司投资者关系管理，同时便于广大投资者更全面深入地了解公司 2024年度和2025年第一季度的经营情况，天邦食品股份有限公司（以下简称"公司"） 定于2025年4月25日（星期五）下午16:30—18:00举行2024年度暨2025年第一季度 现场业绩说明会，就投资者关心的问题进行交流。 一、业绩说明会类型 证券代码：002124 证券简称：ST天邦 公告编号：2025-033 本次业绩说明会通过现场会议交流的方式召开，本公司将针对2024年度及2025 年第一季度业绩和经营情况与投资者进行交流，并对投资者普遍关注的问题进行回 答。 二、业绩说明会召开的时间、地点 （一）会议召开时间：2025年4月25日（星期五）下午16:30—18:00。 （二）会议召开地点：安徽省合肥市包河区中国人寿金融中心18楼天邦食品股 份有限公司会议室。 三、公司参会人员 董事长、总裁张邦辉先生，独立董事陈柳先生，董事会秘书、副总裁章湘云女 ...

证券代码：002124 证券简称：ST天邦 公告编号：2025-032 天邦食品股份有限公司 关于召开 2024 年年度股东大会的提示性公告 本公司及董事会全体成员保证公告内容真实、准确和完整，公 告不存在虚假记载、误导性陈述或者重大遗漏。 天邦食品股份有限公司（以下简称"公司"）第八届董事会第三十五次会议已 于 2025 年 3 月 28 日召开，会议决议于 2025 年 4 月 25 日召开公司 2024 年年度 股东大会。会议通知详见《证券时报》《证券日报》《中国证券报》《上海证券报》 和巨潮资讯网站（www.cninfo.com.cn）刊登的《关于召开 2024 年年度股东大会 的通知》（公告编号：2025-028）。为了进一步保护广大投资者的合法权益，方便 公司各位股东行使股东大会表决权，现将公司关于召开 2024 年年度股东大会的 相关事宜提示如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会。 2、会议召集人：公司董事会。 3、会议召开的合法、合规性：公司第八届董事会第三十五次会议决定召开 本次年度股东大会。本次年度股东大会会议召开符合《中华人民共和国公司法》、 《上市公 ...

Core Viewpoint - Tianbang Food Co., Ltd. reported a significant decline in net profit for Q1 2025, but a turnaround in core business profitability was noted after excluding non-recurring losses, indicating an improvement trend in operations despite uncertainties regarding restructuring [1][2]. Group 1: Financial Performance - The net profit attributable to shareholders for Q1 2025 is projected to be between 115 million and 135 million yuan, a decrease of 77.64% to 80.95% compared to 604 million yuan in the same period last year [2]. - The substantial decline is primarily due to a non-recurring gain of 512 million yuan from the sale of shares in a subsidiary in 2024 [2]. - Excluding this factor, the adjusted net profit for Q1 2025 is expected to be between 95 million and 115 million yuan, a significant recovery from a loss of 455 million yuan in the previous year [2]. Group 2: Core Business Improvement - The domestic pig farming market showed signs of recovery in Q1 2025, with an average price of approximately 15.2 yuan per kilogram, up about 8.6% year-on-year [3]. - Tianbang Food increased its pig sales and reduced costs through improved feed formulations and enhanced farming efficiency, lowering the total cost of pig farming from 18 yuan per kilogram in 2024 to below 16 yuan [3]. - Despite a slight decrease of 3% in the number of pigs sold to 2.1 million, the improved pricing and reduced costs led to a gross profit increase of approximately 550 million yuan in the pig farming business [3]. Group 3: Restructuring Process and Risks - Since being placed under pre-restructuring in November 2024, the company faces uncertainty regarding its transition to formal restructuring [4]. - The total liabilities reached 9.918 billion yuan with a debt-to-asset ratio of 72.58%, necessitating debt restructuring and asset sales [4]. - The company's stock may face delisting risks if the restructuring fails, and investor confidence is tested as the stock price has dropped 15% year-to-date [4]. Group 4: Industry Cycle and Strategic Direction - The pig farming industry is characterized by strong cyclicality, and while Tianbang has managed to turn around its core business, it still faces long-term challenges such as environmental regulations and feed price volatility [5]. - The company is pursuing a dual strategy of "farming + food" to strengthen its core pig farming business while accelerating its food processing segment [5]. - Key variables for investors include the progress of the restructuring and the trend of pig prices, which could impact overall profitability [5].

Core Viewpoint - The company, Tianbang Food Co., Ltd., anticipates a decline in net profit for the first quarter of 2025 compared to the same period last year, primarily due to the absence of investment gains from the sale of equity in a subsidiary [1][2]. Financial Performance Summary - The estimated net profit attributable to shareholders for Q1 2025 is projected to be between 115 million to 135 million yuan, reflecting a year-on-year decrease [2]. - The net profit after deducting non-recurring gains and losses is expected to be between 95 million to 115 million yuan, marking a significant turnaround from a loss of 455 million yuan in the same quarter last year [2]. - The improvement in profitability is attributed to higher pig prices compared to the previous year, alongside stable operations and ongoing management improvements during the pre-restructuring phase [2]. Operational Context - The company is currently in a pre-restructuring phase, which is a preliminary step before formal restructuring proceedings are initiated by the court [3]. - The company has not yet undergone an audit of its earnings forecast by an accounting firm [1].

Financial Performance - The estimated net profit attributable to shareholders for Q1 2025 is expected to be between 115 million and 135 million CNY, representing a year-on-year decline of 77.64% to 80.95% compared to 603.73 million CNY in the same period last year[2][4]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between 95 million and 115 million CNY, a significant improvement from a loss of 454.92 million CNY in the same period last year[2][4]. - The basic earnings per share is projected to be between 0.0518 CNY and 0.0608 CNY, down from 0.2717 CNY in the same period last year[2][4]. - The decline in net profit is primarily due to the previous year's investment gains from the sale of shares in a subsidiary, Shiji Biological[4]. Operational Status - The company has maintained stable operations during the pre-restructuring phase, with improved management and efficiency leading to a significant reduction in pig sales costs[4]. - The company is currently in a pre-restructuring phase, which does not guarantee formal restructuring and carries uncertainties regarding the outcome[6]. Risks and Uncertainties - There is a risk of stock trading being subject to delisting warnings if the court accepts the company's restructuring application[6]. - The company faces potential risks of termination of listing if it is declared bankrupt following a failed restructuring[6]. - Significant fluctuations in the commodity pig market prices and risks from diseases like African swine fever may have a major impact on the company's operational performance[7]. Future Reporting - The preliminary estimates provided in the earnings forecast will be detailed in the Q1 2025 report[7].

Sales Performance - In March 2025, the company sold 535,200 pigs, including 171,500 piglets, generating a revenue of 752.80 million yuan, with an average selling price of 16.14 yuan/kg (average price for fat pigs was 14.71 yuan/kg), showing a month-on-month change of 5.45%, 6.32%, and 0.47% respectively [2] - From January to March 2025, the company sold 1,480,000 pigs, including 465,800 piglets, with a total revenue of 2,074.34 million yuan and an average selling price of 16.23 yuan/kg (average price for fat pigs was 14.91 yuan/kg), reflecting a year-on-year change of -2.09%, 22.99%, and 14.34% respectively [2] Slaughter Data - In March 2025, the company slaughtered 157,570 pigs, with a cumulative total of 436,521 pigs slaughtered from January to March 2025 [4] Data Clarification - The reported data only includes the company's wholly-owned subsidiaries and does not account for the sales from associated companies, which sold a total of 171,418 pigs in March 2025 [2][3]

证券代码：002124 证券简称：ST 天邦 公告编号：2025-030 天邦食品股份有限公司 注：以上数据仅包括公司控股子公司，如存在尾差，是因为四舍五入导致的。 2025 年 3 月公司生猪屠宰头数 157,570 头，1-3 月份累计生猪屠宰头数 436,521 头。 上述数据未经审计，与定期报告披露的数据之间可能存在差异，因此仅作为阶段 性数据供投资者参考。 二、风险提示 2025 年 3 月份商品猪销售情况简报 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、误导性陈述或者重大遗漏。 一、商品猪销售情况 公司 2025 年 3 月份销售商品猪 53.52 万头（其中仔猪销售 17.15 万头），销售收 入 75,280.13 万元，销售均价 16.14 元/公斤（商品肥猪均价为 14.71 元/公斤），环比变 动分别为 5.45%、6.32%、0.47%。 2025 年 1-3 月销售商品猪 148.00 万头（其中仔猪销售 46.58 万头），销售收入 207,434.25 万元，销售均价 16.23 元/公斤（商品肥猪均价为 14.91 元/公斤），同比变动 分别为-2 ...

2024 年度保荐工作报告 | 保荐人名称：中国银河证券股份有限公司 | 被保荐公司简称：ST 天邦 | | --- | --- | | 保荐代表人姓名：刘卫宾 | 联系电话：010-80927321 | | 保荐代表人姓名：康媛 | 联系电话：010-80927526 | 一、保荐工作概述 中国银河证券股份有限公司 关于天邦食品股份有限公司 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | | | （1）是否及时审阅公司信 | 是 | | 息披露文件 | | | （2）未及时审阅公司信息 | 无 | | 披露文件的次数 | | | 2、督导公司建立健全并有 | | | 效执行规章制度的情况 | | | （1）是否督导公司建立健 | | | 全规章制度（包括但不限 | 是 | | 于防止关联方占用公司资 | | | 源的制度、募集资金管理 | | | 制度、内控制度、内部审 | | | 计制度、关联交易制度） | | | （2）公司是否有效执行相 | 是 | | 关规章制度 | | | 3、募集资金监督情况 | | | （1）查询公司募集资金专 | 5 | | 户次数 ...