Group 1 - The company Longda Food announced the convening of its sixth board meeting on October 30, 2025, to discuss the appointment of the auditing firm for the fiscal year 2025 [1] - For the first half of 2025, Longda Food's revenue composition is as follows: 81.87% from the slaughtering industry, 17.42% from the food industry, and 0.71% from other sources [1]

Core Viewpoint - Longda Food (002726.SZ) reported a decline in revenue and a net loss for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first three quarters was 7.625 billion yuan, a year-on-year decrease of 4.85% [1] - The net loss attributable to shareholders of the listed company was 183 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 189 million yuan [1] - The basic loss per share was 0.1692 yuan [1]

Core Points - Longda Food announced the convening of the sixth meeting of the sixth board of directors on October 30, 2025, to review and approve the proposal for the supplementary election of a non-independent director [1] - The board agreed to nominate Mr. Zhao Xiaogang as a candidate for the non-independent director of the sixth board [1]

Core Viewpoint - Longda Food is a leading meat food enterprise in China, rapidly developing in the prepared food sector, with a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Longda Food reported revenue of 7.625 billion, ranking 3rd in the industry, above the median of 6.088 billion but below the average of 11.342 billion [2] - The main business composition includes fresh and frozen meat at 4.073 billion (81.87%), prepared foods at 783 million (15.74%), and cooked products at 83.5 million (1.68%) [2] - The net profit for the same period was -215 million, ranking 7th in the industry, significantly lower than the average net profit of 567 million and the median of 21.57 million [2] Group 2: Financial Ratios - As of Q3 2025, Longda Food's debt-to-asset ratio was 73.58%, higher than the previous year's 70.94% and the industry average of 46.39% [3] - The gross profit margin for the same period was 3.01%, down from 4.84% year-on-year and below the industry average of 10.89% [3] Group 3: Management and Shareholder Information - The chairman and general manager, Yang Xiaochu, received a salary of 485,500, an increase of 404,500 from the previous year [4] - As of September 30, 2025, the number of A-share shareholders increased by 0.83% to 41,600, with an average holding of 25,900 shares, a decrease of 0.82% [5] Group 4: Future Outlook - In H1 2025, Longda Food's revenue and profit both declined, with revenue at 4.975 billion (down 1.38% year-on-year) and net profit at 35.17 million (down 39.52% year-on-year) [5] - The company is focusing on the "one body, two wings" strategy, with online sales of prepared foods increasing by 44.98% year-on-year [5] - For FY 2024, the company is expected to achieve revenue of 10.99 billion (down 17.49% year-on-year) and a net profit of 22 million, turning a profit [6]

格隆汇10月30日丨龙大美食(002726.SZ)发布公告，2025年前三季度，实现营业收入76.25亿元，同比减 少4.85%；归属于上市公司股东的净利润-1.83亿元，归属于上市公司股东的扣除非经常性损益的净利 润-1.89亿元，基本每股收益-0.1692元。 ...

Core Viewpoint - Shandong Longda Food Co., Ltd. has released a share repurchase management system aimed at regulating share buyback activities and protecting the rights of shareholders, especially minority shareholders [1] Group 1: Repurchase Conditions and Triggers - The system specifies four scenarios for share repurchase: reducing registered capital, employee stock ownership plans or equity incentives, conversion of convertible bonds, and necessary actions to maintain company value and shareholder rights [2] - The conditions for maintaining company value include: stock closing price below the latest net asset value per share, a cumulative decline of 20% over twenty consecutive trading days, stock price below 50% of the highest closing price in the past year, or other conditions set by the China Securities Regulatory Commission [2] Group 2: Repurchase Methods, Funding Sources, and Scale Limits - The company can repurchase shares through centralized bidding or tender offer methods, with specific conditions for each scenario [3] - Funding sources for the repurchase can include self-owned funds, funds raised from issuing preferred shares or bonds, excess funds, and loans from financial institutions [3] - The repurchase plan must specify the upper and lower limits of the number of shares or total funds, with the upper limit not exceeding double the lower limit [3] Group 3: Implementation Period and Trading Restrictions - The repurchase period varies: up to twelve months for reducing registered capital, employee stock ownership plans, or convertible bond conversions; up to three months for maintaining company value [4] - Restrictions include prohibiting repurchase during specific trading periods and limiting the price to not exceed the daily price increase limit [4] Group 4: Implementation Procedures and Information Disclosure - The repurchase requires strict decision-making procedures, with shareholder approval needed for capital reduction and board approval for other scenarios [5] - Information disclosure is mandated, including timely announcements of board resolutions and progress updates during the repurchase period [5] Group 5: Handling of Repurchased Shares and Daily Supervision - Repurchased shares for capital reduction must be canceled within ten days, while shares for employee stock plans must be transferred or canceled within three years [6] - Shares repurchased for maintaining company value can be sold after twelve months, with restrictions on sale quantities during sensitive periods [7] - The company will establish an insider information management system to monitor stock trading by directors, executives, and major shareholders, with penalties for violations [7]

山东龙大美食股份有限公司 投资者关系管理制度 山东龙大美食股份有限公司 投资者关系管理制度 第一章 总则 第一条 为规范山东龙大美食股份有限公司（以下简称"公司"）投资者关 系管理工作，加强公司与投资者和潜在投资者（以下统称"投资者"）之间的有 效沟通，促进公司完善治理，提高公司质量，切实保护投资者特别是中小投资者 合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《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》《上市公司投资者关系管理工作指引》等有关法律法规和 规章及《山东龙大美食股份有限公司章程》（以下简称"《公司章程》"）的规 定，结合本公司实际情况，制定本制度。 第二条 投资者关系管理是指上市公司通过便利股东权利行使、信息披露、 互动交流和诉求处理等工作，加强与投资者及潜在投资者之间的沟通，增进投资 者对上市公司的了解和认同，以提升上市公司治理水平和企业整体价值，实现尊 重投资者、回报投资者、保护投资者目的的相关活动。 第三条 投资者关系管理的目的： （一）促进公司与投资者之间的良性关系，增进投资者对公司的进一步了解 和熟悉； （二 ...

山东龙大美食股份有限公司 董事和高级管理人员所持公司 股份及其变动管理办法 第一章 总则 山东龙大美食股份有限公司 董事和高级管理人员所持公司股份及其变动管理办法 第一条 为加强对山东龙大美食股份有限公司（以下简称"公司""本公司"） 董事和高级管理人员所持公司股份及其变动的管理，进一步明确办理程序，根据 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司董事和高级管 理人员所持本公司股份及其变动管理规则》《深圳证券交易所上市公司自律监管 指引第 10 号——股份变动管理》等法律、法规、规范性文件以及《山东龙大美 食股份有限公司章程》（以下简称"《公司章程》"）的相关规定，制定本办法。 第二条 本办法适用于本公司的董事和高级管理人员所持本公司股份及其变 动的管理。 公司董事和高级管理人员从事融资融券交易的，还包括记载在其信用账户内 的本公司股份。 第三条 公司董事和高级管理人员在买卖本公司股票（包括衍生品种）前， 应知悉法律法规关于内幕交易、操纵市场等禁止行为的规定，不得进行违法违规 的交易。 第四条 公司董事会秘书负责管理公司董事和高级管理人员及本办法规定的 需接受股份管理的自然人、法人或其他组织的 ...

山东龙大美食股份有限公司 年报信息披露重大差错责任追究制度 山东龙大美食股份有限公司 （一）年度财务报告违反《中华人民共和国会计法》《企业会计准则》及相关规定， 存在重大会计差错； （二）会计报表附注中财务信息的披露违反了《企业会计准则》及相关解释规定、 中国证券监督管理委员会（以下简称"证监会"）《公开发行证券的公司信息披露编报 规则第 15 号——财务报告的一般规定》等信息披露编报规则的相关要求，存在重大错 误或重大遗漏； 年报信息披露重大差错责任追究制度 第一章 总则 第一条 为进一步提高山东龙大美食股份有限公司（以下简称"公司"）的规范运 作水平，加大对年报信息披露责任人的问责力度，提高年报信息披露的质量和透明度， 增强信息披露的真实性、准确性、完整性和及时性，推进公司内部制度建设，根据《中 华人民共和国证券法》《上市公司信息披露管理办法》《关于要求制定上市公司年报信 息披露重大差错责任追究制度的通知》等法律法规、规范性文件及《山东龙大美食股份 有限公司公司章程》（以下简称"《公司章程》"）、《山东龙大美食股份有限公司信 息披露事务管理制度》（以下简称"《信息披露管理制度》"）的有关规定，结合公司 实 ...

山东龙大美食股份有限公司 规范与关联方资金往来管理制度 山东龙大美食股份有限公司 规范与关联方资金往来管理制度 第一章 总 则 方偿还债务；证券监管机构认定的其他方式。 第一条 为规范山东龙大美食股份有限公司（以下简称"公司"）与关联方 的资金往来，避免公司控股股东、实际控制人及其他关联方占用公司资金，根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《上市公司监管指引第 8 号——上市公司 资金往来、对外担保的监管要求》《深圳证券交易所股票上市规则》（以下简称 "《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》等法律、法规、规范性文件以及《山东龙大美食股份有限 公司公司章程》（以下简称"《公司章程》"）的规定，结合公司实际情况，制 订本制度。 第二条 公司及纳入公司合并会计报表范围的子公司与关联方之间的所有 资金往来均适用本制度。 第三条 本制度所称的关联方，与《股票上市规则》定义的关联方具有相同 含义，包括关联法人（或者其他组织）和关联自然人。 第四条 本制度所称之资金占用包括经营性资金占用和非经 ...