证券日报网讯11月27日晚间，百润股份（002568）发布公告称，无逾期担保情形；无涉及诉讼的担保金 额及因担保被判决败诉而应承担的损失金额。 ...

债券代码：127046 债券简称：百润转债 证券代码：002568 证券简称：百润股份 公告编号：2025-061 上海百润投资控股集团股份有限公司 关于为全资子公司提供担保额度的进展公告 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。 一、解除担保情况 （一）担保情况概述 公司之全资子公司锐澳营销因业务开展需要，与上海农商银行宝山支行签订 《国内信用证开证合同》。鉴于上述情形，公司与上海农商银行宝山支行签订了 《保证合同》（编号：31065254070962），为锐澳营销承担最高限额为 1 亿元的 连带责任保证。 （二）担保审议情况 公司经 2025 年 4 月 25 日第六届董事会第三次会议及 2025 年 5 月 19 日 2024 年度股东大会审议通过了《关于公司未来十二个月对外担保额度的议案》，拟对 子公司以及子公司之间预计提供总计不超过 23 亿元人民币的担保额度，担保额 度的有效期为股东大会审议通过之日起十二个月内。其中预计为全资子公司锐澳 - 1 - （一）担保情况概述 上海百润投资控股集团股份有限公司（以下简称"公司"）与上海农村商业 银行股 ...

Core Points - The company, BaiRun Co., announced that if the convertible bonds (referred to as "BaiRun Convertible Bonds") have any judicial freeze or deduction before the investor's redemption payment date, the redemption application will be invalidated for the bondholders [1] Group 1 - BaiRun Co. issued a notice regarding the conditions under which the redemption application for its convertible bonds may become invalid [1]

| 证券简称：百润股份 | 公告编号：2025-060 | | --- | --- | | 债券简称：百润转债 | | | 证券代码：002568 债券代码：127046 | | 特别提示： ● 在投资者回售款到账日之前，如已申报回售的可转换公司债券发生司法 冻结或划扣等情形，债券持有人的该笔回售申报业务失效。 一、本次可转换公司债券回售的公告情况 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15号——可转换公司债券》等相关规定，以及《上海百润投资控股集团股 份有限公司公开发行可转换公司债券募集说明书》的约定，上海百润投资控股集 团股份有限公司（以下简称"公司"）于2025年11月18日在《证券时报》《中国 证券报》《上海证券报》《证券日报》和巨潮资讯网（http://www.cninfo.com.cn） 披露了《关于"百润转债"回售的公告》（公告编号：2025-050），并于2025年 1 ● 债券简称：百润转债 ● 债券代码：127046 ● 债券面值：100元/张 ● 回售价格：100.252元/张（含息税） ● 回售条件触发日：2025年11月17日 ● 回售申报期：20 ...

Market Overview - The non-baijiu sector experienced a slight increase of 0.0% on the trading day, with Kuaijishan leading the gains [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Kuaijishan (601579) closed at 21.27, up 2.16% with a trading volume of 114,200 shares and a turnover of 242 million yuan [1] - ST Xifa (000752) closed at 11.94, up 1.96% with a trading volume of 45,500 shares and a turnover of 53.97 million yuan [1] - Cangliang Beer (000729) closed at 12.00, up 0.50% with a trading volume of 131,000 shares and a turnover of 158 million yuan [1] - Other notable stocks include Zhujiang Beer (002461) with a slight increase of 0.11% and Huichuan Beer (600573) with a minor decrease of 0.17% [1] Capital Flow - The non-baijiu sector saw a net inflow of 14.35 million yuan from institutional investors, while retail investors experienced a net outflow of 62.28 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor types, with institutional and speculative funds showing net inflows while retail investors withdrew funds [2][3] Individual Stock Capital Flow - Kuaijishan had a net inflow of 6.97 million yuan from institutional investors, while retail investors had a net outflow of 11.81 million yuan [3] - Chongqing Beer (600132) saw a net inflow of 5.78 million yuan from institutional investors but a significant outflow of 15.45 million yuan from retail investors [3] - ST Xifa (000752) had a net inflow of 4.64 million yuan from institutional investors, with retail investors also withdrawing funds [3]

Summary of the Conference Call for Baijiu and Whisky Industry Company Overview - **Company**: 百润股份 (Bairun Co., Ltd.) - **Industry**: Low-alcohol beverages, specifically focusing on pre-mixed cocktails and whisky Key Points and Arguments Sales Performance - In October and November 2025, the cumulative sales of low-alcohol beverages reached **230 million yuan**, accounting for approximately **30%** of the annual target [1][2][13] - The "强爽" (Qiangshuang) series contributed about **45%** of sales, while "微醺" (Weixun) and "果冻酒" (Guodongjiu) series accounted for nearly **30%** [2] - November saw a slight decline in "强爽" series sales, while other categories experienced growth [4] Whisky Business - Whisky sales in November 2025 were slightly down compared to October due to the waning effects of promotional activities, but online sales growth offset some of the decline [6] - The expected annual sales for whisky are projected to be between **240 million to 250 million yuan** [6] - The company plans to implement various strategies to boost whisky sales, including small order meetings and temporary barcode entries in supermarkets, aiming for a distribution revenue of **100 million yuan** [7] Market Trends - The "微醺" series continues to show double-digit growth, while the "轻享" series has underperformed, raising concerns about future large-scale promotions [3][19] - The overall low-alcohol beverage market is developing, despite challenges, with expectations for better performance through optimized strategies [12] Future Projections - The company aims for a **700 million yuan** pre-tax sales target in Q4 2025, with a significant gap remaining to meet this goal [13] - For 2026, the whisky sales target is set to double to over **500 million yuan**, despite the challenges faced in 2025 [16] Cost Management - In Q4 2025, the company plans to reduce marketing expenses by approximately **1.5 to 2 percentage points** due to personnel optimization and reduced advertising costs [21] Regional Insights - The Guangdong and Fujian markets currently contribute nearly half of the whisky sales, but this share is expected to decrease as the company expands nationally [25] Product Development - The company is exploring changes in the SKU for VC products in 2026 and has begun exporting whisky to regions like the UK and Southeast Asia [10] - The "百利得" (Bailide) series of small bottle products faced challenges in market entry but will be re-promoted after the Spring Festival [8][19] Consumer Feedback - The small bottle whisky is selling well, and the 700 ml "莱州甄选" (Laizhou Selection) series is gaining traction among distributors [23][24] Additional Important Information - The overall cocktail sales for 2025 are expected to be around **2.8 billion yuan**, reflecting a **4-5%** decline from the previous year [22] - The company is facing challenges with the "轻享" series due to high pricing and insufficient volume, which may lead to adjustments in product strategy [18]

Core Points - The company Baorun Co., Ltd. announced that the "Baorun Convertible Bonds" will resume conversion starting from November 26, 2025, after the end of the repurchase application period [2] Summary by Category Company Announcement - Baorun Co., Ltd. has issued a notice regarding the resumption of conversion for its convertible bonds [2]

关于百润转债恢复转股的提示性公告 债券代码：127046 债券简称：百润转债 证券代码：002568 证券简称：百润股份 公告编号：2025-059 上海百润投资控股集团股份有限公司 根据《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》 的相关规定，可转换公司债券实施回售的，应当暂停可转换公司债券转股。经向 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。 特别提示： 经中国证券监督管理委员会《关于核准上海百润投资控股集团股份有限公司 公开发行可转换公司债券的批复》（证监许可[2021]2939 号）核准，上海百润投 资控股集团股份有限公司（以下简称"公司"）于 2021 年 9 月 29 日公开发行了 1,128 万张可转换公司债券，每张面值 100 元，发行总额 112,800 万元。经深圳 证券交易所"深证上[2021]1056 号"文同意，公司 112,800 万元可转换公司债券 于 2021 年 11 月 3 日起在深圳证券交易所挂牌交易，债券简称"百润转债"，债 券代码"127046"。目前"百润转债"处于转股期。 ● 证券代码： ...

| 证券代码：002568 | 证券简称：百润股份 | 公告编号：2025-058 | | --- | --- | --- | | 债券代码：127046 | 债券简称：百润转债 | | 上海百润投资控股集团股份有限公司 关于"百润转债"回售的提示性公告 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。 特别提示： ● 投资者回售选择权：根据《上海百润投资控股集团股份有限公司公开发 行可转换公司债券募集说明书》（以下简称《募集说明书》）的约定，"百润转 债"持有人可回售部分或者全部未转股的"百润转债"。"百润转债"持有人有 权选择是否进行回售，本次回售不具有强制性。 在本次发行的可转换公司债券最后两个计息年度，如果公司股票在任何连续 三十个交易日的收盘价格低于当期转股价的70%时，可转换公司债券持有人有权 将其持有的可转换公司债券全部或部分按面值加上当期应计利息的价格回售给 公司。若在上述交易日内发生过转股价格因发生送红股、转增股本、增发新股（不 包括因本次发行的可转换公司债券转股而增加的股本）、配股以及派发现金股利 等情况而调整的情形，则在调整前的交易日按调整 ...

| 证券代码：002568 | 证券简称：百润股份 | 公告编号：2025-057 | | --- | --- | --- | | 债券代码：127046 | 债券简称：百润转债 | | 上海百润投资控股集团股份有限公司 关于"百润转债"回售的提示性公告 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。 特别提示： ● 投资者回售选择权：根据《上海百润投资控股集团股份有限公司公开发 行可转换公司债券募集说明书》（以下简称《募集说明书》）的约定，"百润转 债"持有人可回售部分或者全部未转股的"百润转债"。"百润转债"持有人有 权选择是否进行回售，本次回售不具有强制性。 ● 在投资者回售款到账日之前，如已申报回售的可转换公司债券发生司法 冻结或划扣等情形，债券持有人的该笔回售申报业务失效。 ● 风险提示：投资者选择回售等同于以100.252元/张（含息税）卖出持有 的"百润转债"。截至目前，"百润转债"的收盘价高于本次回售价格，投资者 选择回售可能会带来损失，敬请投资者注意风险。 上海百润投资控股集团股份有限公司（以下简称"百润股份"或"公司"） 股票自2025年9 ...