Revenue and Profit - The company's revenue for Q1 2025 was CNY 2,548,633,936.68, representing a 1.01% increase compared to CNY 2,523,176,556.28 in the same period last year[6] - Net profit attributable to shareholders decreased by 85.85% to CNY 4,293,625.45 from CNY 30,348,718.37 year-on-year[6] - Net profit for the current period was ¥5,927,087.23, down significantly from ¥29,657,335.20 in the previous period, reflecting a decline of approximately 80%[20] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, down 89.60% to CNY 3,134,347.32[6] - The company reported a decrease in basic earnings per share to ¥0.004 from ¥0.03, indicating a decline of approximately 87%[20] Cash Flow - The net cash flow from operating activities improved by 40.76%, reaching CNY -84,055,644.16 compared to CNY -141,897,535.08 in the previous year[6] - The net cash flow from operating activities was negative at -¥84,055,644.16, an improvement from -¥141,897,535.08 in the previous period[21] - Cash inflow from operating activities totaled ¥3,001,231,753.59, up from ¥2,026,006,598.81 in the previous period, representing an increase of approximately 48%[21] - The company’s cash flow from investment activities improved significantly, with a net cash flow of CNY -8,907,669.69, an 89.03% increase compared to the previous year[10] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,976,231,808.85, a 1.65% increase from CNY 5,879,447,058.14 at the end of the previous year[6] - The total assets of Shandong Longda Food Co., Ltd. as of March 31, 2025, amounted to CNY 5,976,231,808.85, an increase from CNY 5,879,447,058.14 at the beginning of the period[16] - Current assets increased to CNY 2,554,862,215.64 from CNY 2,526,523,266.25, reflecting a growth of approximately 1.35%[16] - Total liabilities increased to CNY 4,311,263,417.25 from CNY 4,218,176,140.08, representing a growth of approximately 2.2%[17] - The company’s total liabilities increased, with lease liabilities rising by 156.79% to CNY 123,552,304.03 due to new leasing arrangements[10] - The total liabilities and equity increased to ¥5,976,231,808.85 from ¥5,879,447,058.14, showing a growth of about 1.6%[18] Equity and Borrowings - The company's total equity remained stable at CNY 1,664,968,391.60, with no significant changes reported[17] - The company’s total equity attributable to shareholders increased slightly to ¥1,507,577,942.75 from ¥1,503,284,266.32[18] - Short-term borrowings were reported at CNY 1,651,126,250.34, slightly up from CNY 1,629,824,663.47, indicating a marginal increase[17] - The company’s long-term borrowings decreased to CNY 236,816,541.91 from CNY 272,316,541.91, reflecting a reduction of approximately 13.0%[17] Research and Development - Research and development expenses increased by 60.46% to CNY 2,278,635.36, reflecting higher investment in R&D[10] - Research and development expenses were relatively stable at ¥2,278,635.36 compared to ¥2,320,023.95 in the previous period[19] Inventory and Receivables - Inventory decreased to CNY 942,436,290.26 from CNY 994,358,007.81, reflecting a decline of about 5.2%[16] - The company reported accounts receivable of CNY 439,979,006.39, which is an increase from CNY 428,734,055.32, showing a growth of approximately 2.9%[16] Other Financial Metrics - The weighted average return on equity decreased to 0.32% from 2.29% year-on-year[6] - The company recorded a significant increase in credit impairment losses to ¥32,190,211.93 from a recovery of -¥1,807,460.32 in the previous period[19]

龙大美食（002726）公告，2024年营业收入109.9亿元，同比下降17.49%。归属于上市公司股东的净利 润2161.76万元，去年同期为净亏损15.38亿元。基本每股收益0.02元/股。公司计划不派发现金红利，不 送红股，不以公积金转增股本。 ...

证券代码：002726 证券简称：龙大美食 公告编号：2025-014 债券代码：128119 债券简称：龙大转债 山东龙大美食股份有限公司 关于为子公司提供担保的进展公告 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、担保情况概述 2023 年 12 月 18 日，山东龙大美食股份有限公司（以下简称"公司"）召开 2023 年第四次临时股东大会，审议通过了《关于公司 2024 年度对外担保额度 预计的议案》，同意公司 2024 年度对合并报表范围内下属公司提供不超过 60 亿 元担保总额度（该预计担保额度可循环使用），用于满足公司下属公司生产经营 资金的需要。其中，公司对资产负债率为 70%以上（含 70%）的下属公司提供 的担保额度为 40 亿元，对资产负债率低于 70%的下属公司提供的担保额度 20 亿元。有效期为股东大会审议通过之日起至 2024 年年度股东大会召开之日止。 具体内容详见 2023 年 12 月 1 日公司在《中国证券报》《证券时报》《证券日报》 《上海证券报》及巨潮资讯网（www.cninfo.com.cn）上披露的《山东龙大美 ...

| 证券代码：002726 | 证券简称：龙大美食 | 公告编号：2025-013 | | --- | --- | --- | | 债券代码：128119 | 债券简称：龙大转债 | | 山东龙大美食股份有限公司 关于董事会、监事会延期换届选举的提示性公告 在换届选举工作完成前，公司第五届董事会及其专门委员会全体成员、第 五届监事会全体成员及公司高级管理人员将按照法律法规和《公司章程》等相 关规定继续履行相应的职责和义务。公司董事会及监事会延期换届不会影响公 司正常运营，公司将积极推进相关换届选举工作，尽快完成换届选举相关工作， 并按照相关规定及时履行信息披露义务。 特此公告。 山东龙大美食股份有限公司 董事会 2025 年 4 月 14 日 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。 山东龙大美食股份有限公司（以下简称"公司"）第五届董事会、监事会任 期将于 2025 年 4 月 18 日届满。鉴于公司新一届董事会、监事会换届工作尚在 积极筹备中，为保证董事会、监事会工作的连续性及稳定性，公司董事会、监 事会的换届将延期举行，公司董事会各专门委员会委员、 ...

Core Insights - The article discusses the evolving landscape of the restaurant market and how Longda Food is leveraging "full-scenario empowerment + super scenario explosive products" to enhance its competitive edge [1] Group 1: Company Strategy - Longda Food constructs its competitive foundation through a full industry chain system that reduces costs and enhances market competitiveness [3] - The company integrates large customer service resources to provide comprehensive product services, achieving precise alignment with diverse market demands through national production capacity [3] - Longda Food gathers professional talents such as chefs and R&D engineers, driving product innovation and upgrades through three major R&D centers located in Shandong, Shanghai, and Sichuan [3] Group 2: Supply Chain Transformation - In response to the industry's changes, Longda Food is restructuring its supply chain system focusing on three dimensions to achieve scenario transformation [3] - The company customizes products in core areas like hot pot and Chinese cuisine, leveraging deep customer service experience to create standard products such as hot pot meat slices and Longda fresh food thumb sausages [3] - Longda Food employs a channel reduction strategy to broaden its product line and sales channels, while also capturing personalized demands from large clients in the Western fast food sector [3] Group 3: Product Innovation - Longda Food has developed innovative fresh food scenarios, launching products like hot marinated fresh dishes, fresh marinated dishes, and handmade fresh meatballs [4] - The company has successfully introduced products such as old soup sauce beef and juicy fresh meat sausages, achieving sales exceeding ten million yuan shortly after their online launch [4] - Longda Food is creating comprehensive sales scenarios in offline channels, including fried goods, marinated goods, and baking areas, enhancing product coverage and brand influence through channel integration and scenario customization [4] Group 4: Future Vision - Longda Food aims to evolve from a product supplier to a scenario service provider, guided by its core values of integrity, quality control, research and development, sales, and service [4] - The company plans to lead the food industry into a new era through innovative scenario-based supply chains and collaboration with industry partners [4]

Group 1 - The company issued 9.5 million convertible bonds with a face value of 100 RMB each, totaling 950 million RMB, approved by the China Securities Regulatory Commission [1] - The initial conversion price of the bonds was set at 9.30 RMB per share, with the conversion period from January 18, 2021, to July 12, 2026 [1] - The conversion price has been adjusted multiple times due to changes in the company's total share capital, with the latest adjustment bringing the price to 9.30 RMB per share effective from August 19, 2022 [2][3] Group 2 - As of the first quarter of 2025, the total number of shares converted from the bonds was 418,601 shares, resulting in a reduction of 3,948,300 RMB (39,483 bonds) [3] - The remaining balance of convertible bonds as of March 31, 2025, was 946,051,700 RMB (9,460,517 bonds) [3] - The total share capital of the company increased from 1,079,160,261 shares to 1,079,160,368 shares due to the conversion [6]

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： | 证券代码：002726 | | | 证券简称：龙大美食 | | | | | --- | --- | --- | --- | --- | --- | --- | | 债券代码：128119 | | | 债券简称：龙大转债 | | | | | 转股价格：人民币 | | | | | | 9.30 元/股 | | | | | 2026 | | | | | | | | | 年 | | | | | | | | | 12 | | | | | | | | 日 | | | 转股期限：2021 | | 年 | | | 月 1 | | | | | | | | 18 | | | | 日至 | | | | | | | | | | | | 7 | | | | | | | | 月 | | 一、可转换公司债券发行上市概况 | 证券代码：002726 | 证券简称：龙大美食 | 公告编号：2025-012 | | --- | --- | --- | | 债券代码：128119 | 债券简称：龙大转债 | | 山东龙大美食股份有限公 ...

证券代码：002726 证券简称：龙大美食 公告编号：2025-011 债券代码：128119 债券简称：龙大转债 山东龙大美食股份有限公司 上述担保金额在公司 2023 年第四次临时股东大会审议通过的授权额度内， 无需另行召开董事会及股东大会。 三、被担保人基本情况 1、公司名称：河南龙大牧原肉食品有限公司 《上海证券报》及巨潮资讯网（www.cninfo.com.cn）上披露的《山东龙大美食 股份有限公司关于公司 2024 年度对外担保额度预计的公告》（公告编号 2023- 093）。 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。 二、担保进展情况 一、担保情况概述 近日，公司控股子公司河南龙大牧原肉食品有限公司（以下简称"龙大牧 原"）与中原银行股份有限公司南阳分行（以下简称"中原银行南阳分行"） 签订授信协议，授信金额为 7,000 万元。公司与中原银行南阳分行签订了《最 高额保证合同》为上述融资行为提供连带责任保证。 关于为子公司提供担保的进展公告 2023 年 12 月 18 日，山东龙大美食股份有限公司（以下简称"公司"）召开 2023 年第四 ...

| 证券代码：002726 | 证券简称：龙大美食 | 公告编号：2025-010 | | --- | --- | --- | | 债券代码：128119 | 债券简称：龙大转债 | | 山东龙大美食股份有限公司 关于不向下修正"龙大转债"转股价格的公告 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： 1、自 2025 年 2 月 23 日至 2025 年 3 月 7 日，山东龙大美食股份有限公司 （以下简称"公司"）股票已有十个交易日的收盘价低于可转换公司债券（以 下简称"可转债"）当期转股价格的 90%（即 8.37 元/股）的情形，已触发转股 价格修正条款。 2、2025 年 3 月 7 日，公司召开第五届董事会第二十六次会议审议通过了 《关于不向下修正可转换公司债券转股价格的议案》，董事会决定本次不行使 "龙大转债"转股价格向下修正的权利，同时未来六个月内（即 2025 年 3 月 8 日至 2025 年 9 月 7 日）如再次触发转股价格向下修正条款，亦不提出向下修正 方案。从 2025 年 9 月 8 日开始重新起算，若再次触发转股价格 ...

| 证券代码：002726 | 证券简称：龙大美食 | 公告编号：2025-009 | | --- | --- | --- | | 债券代码：128119 | 债券简称：龙大转债 | | 山东龙大美食股份有限公司 第五届董事会第二十六次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、会议召开情况 三、备查文件 1、山东龙大美食股份有限公司第五届董事会第二十六次会议决议。 特此公告。 山东龙大美食股份有限公司 董事会 2025 年 3 月 7 日 山东龙大美食股份有限公司（以下简称"公司"）第五届董事会第二十六 次会议于 2025 年 3 月 7 日在公司会议室以现场结合通讯的方式召开。会议通知 已于 2025 年 3 月 7 日送达各位董事，经全体董事同意，豁免本次董事会的通知 时限。本次会议应出席董事 7 人，实际出席董事 7 人，会议由公司董事长杨晓 初先生召集和主持。本次会议的召集、召开程序符合《公司法》和《公司章程》 的有关规定。 二、会议审议情况 1、审议通过了《关于不向下修正可转换公司债券转股价格的议案》 具体内容详见公司同日在《 ...