证券代码：002695 证券简称：煌上煌 编号：2025—034 （2）网络投票时间： 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 8 月 28 日上午 9:15-9:25、9:30-11:30、下午 13:00-15:00；通过深 圳证券交易所互联网投票系统投票的具体时间为：2025 年 8 月 28 日上午 9:15 至下午 15:00 期间的任意时间。 江西煌上煌集团食品股份有限公司 关于召开 2025 年第二次临时股东大会的通知 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 江西煌上煌集团食品股份有限公司（以下简称"公司"）于 2025 年 8 月 11 日召开第六届董事会第十六次会议，会议决定于 2025 年 8 月 28 日（星期四）召 开公司 2025 年第二次临时股东大会，现将此次股东大会的有关事项通知如下： 一、召开会议的基本情况 政法规、部门规章、规范性文件和《公司章程》的规定。 （1）现场会议 2025 年 8 月 28 日（星期四）14:30 开。 （1）现场表决：股东本人出席现场会议或者通过授权委托书（见附件 ...

Mergers and Acquisitions - Jiuding Investment plans to acquire 53.29% stake in Nanjing Shenyuan Intelligent Technology for 213 million yuan, aiming to expand its industrial layout and cultivate new growth points in line with national policies on mergers and acquisitions [1] - Huangshanghuang intends to acquire 51% stake in Lixing Food for 495 million yuan, which will grant it controlling interest and include Lixing Food in its consolidated financial statements [2] Performance Disclosure - Jintuo Co. reported a net profit of 53.35 million yuan for the first half of the year, a year-on-year increase of 49.01%, with revenue reaching 369 million yuan, up 12.44% [3] - Gaozheng Min Explosive announced a net profit of 69.2 million yuan for the first half of the year, reflecting a 25.7% increase, with revenue of 771 million yuan, up 6.55% [4] - Desay SV reported a net profit of 1.223 billion yuan for the first half of the year, a 45.82% increase, with revenue of 14.644 billion yuan, up 25.25%, driven by growth in its smart cockpit and smart driving businesses [5] Shareholding Changes - Qide New Materials' controlling shareholder plans to reduce its stake by up to 2% within three months following the announcement [6] - Yiwei Communication's shareholders plan to collectively reduce their holdings by up to 4.14% within three months following the announcement [7] - Feilu Co.'s shareholders plan to reduce their holdings by up to 3.13% within three months following the announcement due to personal financial needs [8] Risk Matters - Chunxing Precision's subsidiary is involved in an arbitration case amounting to approximately 806 million yuan, which may lead to financial pressure if the subsidiary loses the case [9] - Huangting International's subsidiary's asset will be judicially auctioned, potentially triggering financial delisting risk due to its significant impact on the company's total assets and revenue [10]

Group 1 - Wanhua Chemical reported a 25.10% decrease in net profit for the first half of 2025, with revenue of 90.90 billion yuan, down 6.35% year-on-year [1][2] - The company's net profit attributable to shareholders was 6.12 billion yuan, while the net profit excluding non-recurring items was 6.24 billion yuan, both showing significant declines [1][2] - Despite challenges such as weak international demand and geopolitical tensions, the chemical industry in China maintained stable development due to domestic consumption upgrades and diversified export markets [2] Group 2 - Satellite Chemical achieved a 33.44% increase in net profit for the first half of 2025, with total assets reaching 69.30 billion yuan, up 5.58% year-on-year [4][5] - The company reported revenue of 23.46 billion yuan, a 20.93% increase compared to the previous year, demonstrating resilience in a complex environment [4][5] - The company is focusing on technological innovation and plans to invest 3 billion yuan in high-performance catalyst projects [5] Group 3 - Shengnong Development reported a 22.02% increase in sales revenue for July 2025, reaching 2.13 billion yuan, with significant growth in both poultry and processed meat segments [6][7] - The company noted a strong performance in high-value channels, with retail channel revenue growing over 30% year-on-year [7] Group 4 - Desay SV reported a 45.82% increase in net profit for the first half of 2025, with revenue of 14.64 billion yuan, up 25.25% year-on-year [8] - The smart cockpit and smart driving businesses contributed significantly to the revenue growth, with sales of 9.46 billion yuan and 4.15 billion yuan respectively [8] Group 5 - New Qianglian reported a remarkable 496.60% increase in net profit for the first half of 2025, with revenue of 2.21 billion yuan, up 108.98% year-on-year [16] - The company demonstrated strong growth in its financial performance, indicating effective operational strategies [16] Group 6 - Fuda Co. reported a 98.77% increase in net profit for the first half of 2025, with revenue of 937 million yuan, up 30.26% year-on-year [18] - The company showed significant growth in net profit excluding non-recurring items, indicating strong operational performance [18] Group 7 - Tianzhun Technology reported a revenue increase of 10.32% for the first half of 2025, reaching 597 million yuan, but still recorded a net loss of 14 million yuan [19] - The company’s total assets grew by 9.99% year-to-date, indicating a positive trend in asset management [19] Group 8 - Huafeng Chemical reported a 35.23% decrease in net profit for the first half of 2025, with revenue of 12.14 billion yuan, down 11.7% year-on-year due to industry downturns [28] - The company faced challenges with declining product prices across various segments, impacting overall profitability [28] Group 9 - The company Zhishang Technology plans to acquire 99.86% of Hengyang Data for 1.15 billion yuan, focusing on AI and cloud computing solutions [29] - This acquisition aims to enhance the company's capabilities in intelligent computing and data processing [29] Group 10 - Huangshanghuang plans to acquire 51% of Lixing Food for 495 million yuan, which will allow it to gain control over the food manufacturing company [30] - This acquisition is part of the company's strategy to expand its product offerings and market presence [30] Group 11 - Beida Pharmaceutical faces significant revenue and profit declines due to the termination of its business cooperation with Peking University International Hospital, projecting a loss of approximately 600 million yuan in sales [31] - The company is exploring new directions for transformation, but faces uncertainty regarding its future operations [31]

Core Viewpoint - The company Huangshanghuang (002695) plans to acquire 51% of Lixing Food for 4.95 billion yuan, which is expected to significantly enhance its net profit [1][2]. Group 1: Acquisition Details - The acquisition involves purchasing shares from multiple shareholders of Lixing Food, with a total transaction price of 4.947 billion yuan [2][4]. - Lixing Food reported a revenue of 415 million yuan and a net profit of 42.22 million yuan for 2024, with a commitment to achieve a cumulative net profit of no less than 264 million yuan from 2025 to 2027 [2][5]. - The transaction is subject to shareholder approval and will be funded through the company's own or self-raised funds [2][6]. Group 2: Financial Impact - After the acquisition, Huangshanghuang will have controlling interest in Lixing Food, which will be consolidated into its financial statements, potentially boosting its performance [4][6]. - In the first half of the year, Huangshanghuang reported a net profit of 76.92 million yuan, while Lixing Food's net profit was 41.88 million yuan, indicating a positive impact on Huangshanghuang's overall financial results [4][6]. Group 3: Company Background and Market Position - Lixing Food, established in 2006, specializes in OEM/ODM processing services and has a diverse product range, including freeze-dried foods, which are popular domestically and internationally [5][7]. - The acquisition is expected to allow Huangshanghuang to leverage Lixing Food's sales channels and market resources, facilitating entry into emerging markets and broadening its consumer base [5][7]. Group 4: Performance Metrics - Lixing Food's financial performance shows growth potential, with a revenue of 251 million yuan and a net profit of 41.88 million yuan in the first half of 2025 [5][6]. - The valuation of Lixing Food's 100% equity is set at 970 million yuan, with a premium of approximately 250% over its net assets as of June 2025 [7]. Group 5: Historical Performance of Huangshanghuang - Huangshanghuang has experienced declining revenues and net profits from 2020 to 2024, with a notable drop in revenue from 24.36 billion yuan in 2020 to 17.39 billion yuan in 2024 [8][9]. - The company reported a recovery in performance in the first half of 2025, with a non-recurring net profit of 68.1 million yuan [8]. Group 6: Market Capitalization - As of August 11, Huangshanghuang's market capitalization stood at 8.918 billion yuan [10].

Group 1 - The company Huashanghuang announced the acquisition of 51% equity in Fujian Lixing Food from several shareholders for a total price of 49,470,000 RMB, which will grant the company controlling interest in Lixing Food [1] - Fujian Lixing Food, established in 2006, specializes in providing comprehensive OEM/ODM services and has a diverse product range including freeze-dried fruits, vegetables, instant foods, beverages, dairy products, and more, earning the title of "master of all categories of freeze-drying" [1] Group 2 - The shareholders have committed to performance targets for Lixing Food, with audited net profits for 2025, 2026, and 2027 set at no less than 75 million, 89 million, and 100 million RMB respectively, totaling 264 million RMB [2] - The acquisition is expected to enhance the company's overall competitiveness and align with its long-term strategic development plans, positively impacting its financial status and operational results [2] - The funding for this transaction will come from the company's own or self-raised funds, ensuring that normal business operations remain unaffected [2]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [15]. Core Views - The company is experiencing pressure on store numbers, but cost advantages and expense optimization are driving significant profit growth [1][3]. - The company aims to enhance its brand appeal to younger consumers and focuses on product category development [4]. - Digital transformation initiatives are being implemented to empower terminal operations and improve efficiency [2]. Financial Performance Summary - For 2023, the company is projected to achieve a revenue of 1,921 million yuan, with a year-on-year growth rate of -1.7%. By 2027, revenue is expected to reach 2,407 million yuan, reflecting a growth rate of 9.1% [1]. - The net profit attributable to the parent company is forecasted to be 71 million yuan in 2023, with a significant increase of 129% year-on-year. By 2027, it is expected to grow to 154 million yuan, with a growth rate of 28.8% [1]. - The company's gross margin for the first half of 2025 was 31.96%, with a net profit margin of 7.82%, showing an improvement in profitability despite revenue challenges [3]. Store Operations and Market Strategy - As of June 30, 2025, the company operates 2,898 specialty stores, with a notable reduction in both direct and franchise stores compared to the beginning of the year [2]. - The company plans to optimize its store structure and focus on deepening its existing market while exploring new opportunities [2]. Brand and Product Development - The company is actively engaging in marketing strategies to attract younger demographics, including sponsorships and collaborations with over 200 brands [4]. - The focus on product innovation has led to the elimination of inefficient SKUs, with a significant emphasis on the hand-pulled sauce duck product, which accounted for 22% of sales by mid-2025 [4]. Future Growth Projections - Revenue projections for 2025-2027 are 19.59 billion yuan, 22.06 billion yuan, and 24.07 billion yuan, respectively, with corresponding net profits of 0.88 billion yuan, 1.19 billion yuan, and 1.54 billion yuan [6].

Business Performance - Luxshare Technology plans to issue H-shares and list on the Hong Kong Stock Exchange [1] - China Shipbuilding Industry Corporation will suspend trading from August 13 until delisting [1] - Hikvision's chairman proposed a mid-term dividend of 4 yuan per 10 shares (including tax) for 2025 [1] - North Medical's subsidiary has essentially halted its main business since June [1] - Shenzhen Huangting Plaza will be judicially auctioned with a starting price of 3.053 billion yuan [1] - ST Suwu's controlling subsidiary has initiated arbitration against Regen Biotech for default, which has been accepted [1] - ST Yigou plans to pay 220 million yuan to reach a debt settlement agreement with Carrefour [1] - Shanghai Jianke's director is under disciplinary review and investigation [1] Mergers and Acquisitions - Xincheng Technology has terminated the acquisition of 96.96% equity in Tianyi Enhua [1] - Guangku Technology intends to purchase 100% equity in Suzhou Anjie Xun Optoelectronics, with resumption of trading on the 12th [1] - ST Biology plans to acquire 51% equity in Huize Pharmaceutical, expected to constitute a major asset restructuring [1] - Dongfang Guoxin aims to gain control of Shituo Cloud to deepen its layout in the intelligent computing power sector [1] - Jinding Investment intends to control Nanjing Shenyuan, entering a key segment of the robotics industry chain [1] - Huangshanghuang plans to acquire 51% equity in Lixing Food for 495 million yuan [1] Financial Performance - Xianggang Technology reported a net profit of 78.32 million yuan in the first half, a year-on-year increase of 432.14% [1] - Yonghe Co. reported a net profit of 271 million yuan in the first half, a year-on-year increase of 140.82% [1] - Fuda Co. reported a net profit of 146 million yuan in the first half, a year-on-year increase of 98.77% [1] - Desay SV reported a net profit of 1.223 billion yuan in the first half, a year-on-year increase of 45.82% [1] - Dier Laser reported a net profit of 327 million yuan in the first half, a year-on-year increase of 38.37% [1] - Rijiu Optoelectronics reported a net profit of 45.61 million yuan in the first half, a year-on-year increase of 37.87% [1] - Wolong Electric Drive reported a net profit of 537 million yuan in the first half, a year-on-year increase of 36.76% [1] - Satellite Chemical reported a net profit of 2.744 billion yuan in the first half, a year-on-year increase of 33.44% [1] Other Financial Results - High Stakes Mining reported a net profit of 69.2 million yuan in the first half, a year-on-year increase of 25.7% [2] - Yingliu Co. reported a net profit of 188 million yuan in the first half, a year-on-year increase of 23.91% [2] - Nanwei Medical reported a year-on-year net profit increase of 17.04% and plans to distribute a dividend of 5 yuan per 10 shares (including tax) [2] - Zhejiang Huaye reported a year-on-year net profit increase of 6.66% and plans to distribute a dividend of 4 yuan per 10 shares (including tax) [2] - New Strong Union reported a net profit of 400 million yuan in the first half, returning to profitability [2] - Aobi Zhongguang reported a net profit of 60.19 million yuan in the first half, returning to profitability [2] - Action Education reported a year-on-year net profit decrease of 3.51% and plans to distribute a dividend of 10 yuan per 10 shares (including tax) [2] - Wanhu Chemical reported a net profit of 6.123 billion yuan in the first half, a year-on-year decrease of 25.10% [2] - New World reported a net profit of 78.03 million yuan in the first half, a year-on-year decrease of 30.01% [2] - Huafeng Chemical reported a net profit of 983 million yuan in the first half, a year-on-year decrease of 35.23% [2] - Hefo China reported a consolidated revenue of 425 million yuan in the first seven months, a year-on-year decrease of 22.66%, with a narrowing decline [2] - Shengnong Development reported a sales revenue of 2.129 billion yuan in July, a year-on-year increase of 22.02% [2] - Xiamen Airport reported a passenger throughput of 2.6248 million in July, a year-on-year increase of 8.58% [2]

Core Viewpoint - The company, Huangshanghuang, announced its intention to acquire a 51% stake in Lixing Food from several shareholders for a total price of 494.7 million RMB, which will grant it controlling interest in Lixing Food, subsequently consolidating it into its financial statements [1] Group 1 - The acquisition involves shareholders Lin Xiebing, Wang Yonghe, Guo Shusong, Zhao Zhijian, Lin Jianqing, and two investment partnerships [1] - The transaction price for the 51% stake in Lixing Food is set at 494.7 million RMB [1] - Following the completion of this transaction, Lixing Food will become a subsidiary of Huangshanghuang, allowing for consolidation in the company's financial reports [1]

Mergers and Acquisitions - Jiuding Investment plans to acquire 53.29% stake in Nanjing Shenyuan Intelligent Technology for 213 million yuan, aiming to expand its industrial layout and cultivate new growth points in response to national policies promoting high-quality development [1] - Huangshanghuang intends to acquire 51% stake in Lixing Food for 495 million yuan, which will grant it controlling interest and include Lixing Food in its consolidated financial statements [2] Performance Disclosure - Jintuo Co. reported a net profit of 53.35 million yuan for the first half of the year, a year-on-year increase of 49.01%, with revenue reaching 369 million yuan, up 12.44% [3] - Gaozheng Min Explosive announced a net profit of 69.2 million yuan for the first half of the year, reflecting a 25.7% increase, with revenue of 771 million yuan, up 6.55% [4] - Desay SV reported a net profit of 1.223 billion yuan for the first half of the year, a 45.82% increase, with revenue of 14.644 billion yuan, up 25.25%, driven by growth in its smart cockpit and smart driving businesses [5] Shareholding Changes - Qide New Materials' controlling shareholder plans to reduce its stake by up to 2% within three months following the announcement [6] - Wei Communication's shareholders plan to collectively reduce their holdings by up to 4.14%, with specific reductions outlined for two shareholders and an executive [7] - Feilu Co.'s shareholders plan to reduce their stakes by up to 3.13% for personal financial needs, with specific share amounts detailed [8] Legal and Financial Risks - Chunxing Precision's subsidiary is involved in an arbitration case amounting to approximately 806 million yuan, which could lead to financial pressure if the company loses the case [9] - Huangting International's subsidiary's asset, Shenzhen Huangting Plaza, is set for judicial auction with a starting price of 3.053 billion yuan, potentially triggering financial delisting risks due to its significant impact on the company's assets and revenue [10]

（文章来源：每日经济新闻） 2025年1至6月份，煌上煌的营业收入构成为：食品加工占比98.51%，其他业务占比1.49%。 煌上煌（SZ 002695，收盘价：15.94元）8月11日晚间发布公告称，公司第六届第十六次董事会会议于 2025年8月11日在公司会议室以现场加通讯会议方式召开。会议审议了《关于提请召开公司2025年第二 次临时股东大会的议案》等文件。 ...