Financial Performance - The company's revenue for Q3 2025 was ¥413,529,763.73, representing a decrease of 8.21% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥18,370,710.66, down 26.20% year-on-year, while the net profit excluding non-recurring items was ¥17,696,608.61, a decrease of 31.74%[5]. - The basic earnings per share for the period was ¥0.12, reflecting a decline of 25.00% compared to the previous year[5]. - Total operating revenue for the current period is CNY 1,178,704,029.79, a decrease of 9.6% compared to CNY 1,303,139,402.26 in the previous period[25]. - Net profit for the current period is CNY 53,729,193.62, representing a decline of 33.9% from CNY 81,311,311.05 in the previous period[26]. - Basic and diluted earnings per share for the current period are both CNY 0.34, down from CNY 0.52 in the previous period[27]. - The company reported a total comprehensive income of CNY 53,729,193.62 for the current period, down from CNY 81,311,311.05 in the previous period[26]. Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥1,995,104,305.09, an increase of 2.65% from the end of the previous year[5]. - The total liabilities as of September 30, 2025, were RMB 469,764,939.20, an increase from RMB 448,091,726.79 at the beginning of the period[23]. - The company's current assets totaled RMB 607,610,568.95, up from RMB 589,859,178.33 at the beginning of the period[22]. - The company's non-current assets reached RMB 1,387,493,736.14, compared to RMB 1,353,645,220.73 at the beginning of the period[23]. - Total liabilities and equity amount to CNY 1,995,104,305.09, an increase from CNY 1,943,504,399.06 in the previous period[24]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥130,468,723.71, showing an increase of 38.94%[5]. - The company reported a 224.40% increase in cash received related to operating activities, totaling ¥75,397,465.07, largely from project subsidies[10]. - Cash flow from operating activities for the current period is CNY 130,468,723.71, an increase of 39.0% compared to CNY 93,901,086.50 in the previous period[27]. - Investment activities cash outflow totaled $156,859,520.72, with a net cash flow from investment activities of -$133,230,404.56[28]. - Financing activities cash inflow amounted to $67,391,248.77, while cash outflow for financing activities was $93,453,492.13, resulting in a net cash flow from financing activities of -$26,062,243.36[28]. - The net increase in cash and cash equivalents was -$28,823,924.21, with a beginning balance of $347,851,847.64, leading to an ending balance of $319,027,923.43[28]. Investments and Projects - The company reported a significant increase in construction in progress, rising by 676.33% to ¥44,241,721.05, primarily due to advancements in logistics and production facilities[9]. - The company plans to invest in the construction of a modern dairy processing plant in cooperation with the local government, enhancing its production capacity[19]. - The company completed 65% of the civil engineering for the Smart Logistics Center project, and the construction of the modern dairy processing plant with a daily capacity of 600 tons in Eastern Guangdong has commenced[19]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[5]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,017[11]. - Guangdong Yantang Investment Co., Ltd. holds 40.97% of shares, totaling 64,465,743 shares[11]. - Guangdong Yueken Investment Co., Ltd. holds 11.69% of shares, totaling 18,401,011 shares[11]. Governance and Compliance - The company has signed a liability insurance agreement for its directors and senior management to promote better governance[20]. - The company has revised its articles of association and meeting rules to align with new legal requirements[20]. - The third quarter financial report was not audited, indicating potential implications for financial transparency[29]. Other Financial Metrics - Financial expenses increased by 185.04% to ¥2,387,316.68, primarily due to reduced interest income[9]. - Research and development expenses for the current period are CNY 10,333,215.57, a decrease of 10.2% from CNY 11,496,204.43 in the previous period[25]. - Other income for the current period is CNY 14,636,499.59, an increase from CNY 10,591,959.39 in the previous period[25]. - The company has a total deposit balance of RMB 28,312.05 million as of September 30, 2025[14]. - The company has a total of RMB 50,000 million in comprehensive credit facilities[14]. - The company has a loan balance of RMB 0 at the end of the reporting period[14]. - The company has engaged in daily transactions with related parties for procurement and services[13]. - As of the disclosure date, Zhanjiang Agricultural Reclamation provided a total of RMB 10 million to Zhanjiang Yantang under the funding agreement[17].

Group 1 - The 15th National Games sponsorship signing ceremony and related events were held in Guangdong, attracting nearly 400 representatives from government, enterprises, sports, and media [1] - The Guangdong Sports Bureau launched the "One Park, Four Bases" revitalization plan, marking a significant advancement in the East Jiao Chang project [1] - Four companies, including Yantang Dairy and Shenghong Technology, signed sponsorship agreements, expanding the market development outcomes of the 15th National Games [1] Group 2 - The establishment of the National Games Sponsorship Club aims to integrate event IP, policy resources, and market forces to promote a new model of sports industry development [2] - The introduction of the "High-Quality Development Ten Measures" policy package provides comprehensive support for enterprises, accelerating the aggregation of the sports industry [2] - The market development of the 15th National Games is expected to create a new path for resource integration and development in the Greater Bay Area sports industry [2]

Market Overview - The beverage and dairy sector increased by 0.9% on September 29, with Yangyuan Beverage leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Key stocks in the beverage and dairy sector showed varied performance, with notable gainers including: - Chi Yuan Beverage (603156) at 30.30, up 7.68% with a trading volume of 446,200 shares and a turnover of 1.337 billion [1] - Dongpeng Beverage (605499) at 290.55, up 1.75% with a trading volume of 16,700 shares and a turnover of 480 million [1] - Other stocks like Zhuangyuan Pasture (002910) and Huangshi Group (002329) also saw modest increases of 1.47% and 1.13% respectively [1] Capital Flow - The beverage and dairy sector experienced a net outflow of 224 million from institutional investors, while retail investors saw a net inflow of 135 million [2] - Notable capital flows included: - Institutional net inflow for Dongpeng Beverage at 56.24 million, while retail saw a net outflow of 55.29 million [3] - Bright Dairy (600597) had a net inflow of 9.92 million from institutional investors, with retail outflows totaling 8.16 million [3]

Sales Performance - In the first half of 2025, online platform sales reached 137 million CNY, showing a significant increase compared to 2024 [1] - The company is actively expanding its market presence in Hong Kong and Macau through strategic product introductions and partnerships [1] Market Development - The company has become the exclusive milk brand for the "Milk and Soy Milk Program" in Macau for the 2024/2025 academic year, targeting early childhood and primary education [1] - Efforts to enhance brand influence in the Greater Bay Area include entering Hong Kong and Macau's central government canteens [1]

Market Overview - The beverage and dairy sector increased by 0.14% on September 19, with Tianrun Dairy leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Tianrun Dairy (600419) closed at 10.28, up 1.78% with a trading volume of 87,600 shares and a transaction value of 89.67 million yuan [1] - Dongpeng Beverage (605499) closed at 299.34, up 1.25% with a trading volume of 22,700 shares and a transaction value of 678 million yuan [1] - Yangyuan Beverage (603156) closed at 21.24, up 0.81% with a trading volume of 21,700 shares and a transaction value of 45.78 million yuan [1] - Other notable stocks include Xibu Muye (300106) at 11.49 (+0.70%) and Liziyuan (605337) at 13.27 (+0.53%) [1] Capital Flow - The beverage and dairy sector experienced a net outflow of 157 million yuan from institutional investors, while retail investors saw a net inflow of 138 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - Dongpeng Beverage saw a net inflow of 72.40 million yuan from institutional investors, while it experienced a net outflow of 51.02 million yuan from speculative funds [3] - Xibu Muye had a net inflow of 20.37 million yuan from institutional investors, but a net outflow of 2.29 million yuan from retail investors [3] - Tianrun Dairy had a net inflow of 4.29 million yuan from institutional investors, with a net outflow of 5.49 million yuan from retail investors [3]

Group 1 - The company, Guangdong Yantang Dairy Industry Co., Ltd., has recently approved a revised "Related Party Transaction Decision-Making System" [1] - The new system further clarifies the standards for identifying related parties, types of related transactions, and the division of decision-making authority [1] - According to the announcement, the decision-making authority for related transactions is categorized [1]

| | | 第一章 总 则 第一条 为保证广东燕塘乳业股份有限公司（以下简称"公司"）股东会 依法行使职权，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》"）、中国证券监督管理委 员会（以下简称"中国证监会"）《上市公司股东会规则》、深圳证券交易所的 《主板上市公司规范运作》及《广东燕塘乳业股份有限公司章程》（以下简称"《公 司章程》"）等的相关规定，制定本规则。 第二条 股东会是公司的最高权力机构，决定公司的一切重大事项。股东 会应当在《公司法》和《公司章程》等规定的范围内行使职权。 第三条 公司应当严格按照法律、行政法规、本规则及《公司章程》的相 关规定召开股东会，保证股东能够依法行使权利，保证股东会会议合法、有效。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当勤勉 尽责，确保股东会正常召开和依法行使职权。 第四条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次， 应当于上一会计年度结束后的六个月内举行。临时股东会不定期召开，有下列情 形之一的，公司在事实发生之日起两个月以内召开临时股东会： （一） 董事人数不足《公 ...

广东燕塘乳业股份有限公司 章程 2025 年 9 月修订 | | | | | | 第四条 公司于 2014 年 11 月 6 日经中国证券监督管理委员会（以下简称 "中国证监会"）核准，首次向社会公众发行人民币普通股 3,935 万股，于 2014 年 12 月 5 日在深圳证券交易所上市。 第五条 公司注册名称 中文名称：广东燕塘乳业股份有限公司 英文名称：GUANGDONG YANTANG DAIRY CO., LTD. 第六条 公司住所：广州市黄埔区香荔路 188 号，邮政编码：510700。 公司其他经营场所：广州市天河区燕园路 85 号 B 塔 21-22 层，邮政编码： 510510。 第七条 公司注册资本为人民币 15,735 万元。 第一章 总 则 第一条 为维护广东燕塘乳业股份有限公司（以下简称"公司"）、股东 和债权人的合法权益，规范公司的组织和行为，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》"）和其他有关规定，制订本章程。 第二条 根据《中国共产党章程》《中国共产党国有企业基层组织工作条 例（试行）》的规定，公司设立中国共产 ...

第一条 为进一步完善广东燕塘乳业股份有限公司（以下简称"公司"）法 人治理结构，促进公司规范运作，增强公司决策的独立性和科学性，更好地保护 全体股东特别是中小股东的合法权益，根据《中华人民共和国公司法》《中华人 民共和国证券法》及《广东燕塘乳业股份有限公司章程》（以下简称"《公司章程》"）， 参照《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》 等相关规定，制定本制度。 第二条 公司关联交易应当遵循以下基本原则： (一) 尽量避免或减少与关联方之间发生关联交易； (二) 公司关联交易活动应遵循诚实信用、平等、自愿、公平、公开、公 允的原则，关联交易价格须遵循商业原则协商确定，原则上应不偏离市场独立第 三方的价格或收费的标准； (三) 公司董事会审议关联交易事项时，相关关联董事须回避表决；公司 股东会审议关联交易事项时，相关关联股东须回避表决。 广东燕塘乳业股份有限公司关联交易决策制度 第一章 总 则 第三条 公司的控股股东、实际控制人、董事、高级管理人员不得利用其 关联关系损害公司利益。 违反前款规定，给公司造成损失的，应当承担赔偿责任。 第二章 关联方 第四条 公司的关联人包括关联法 ...

| | | 第一章 总 则 第一条 为进一步规范广东燕塘乳业股份有限公司（以下简称"公司"） 董事会议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事会 规范运作和科学决策水平，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 司独立董事管理办法》《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》及《广东燕塘乳业股份有限 公司章程》（以下简称"《公司章程》"）等相关规定，制定本规则。 第二条 公司董事会依据《公司法》和《公司章程》设立，受股东会的委 托，负责经营和管理公司的法人财产，是公司的经营管理的决策机构，对股东会 负责，维护公司和全体股东的利益。董事会在股东会闭会期间对内管理公司事务， 对外可代表公司。 第三条 董事会应认真履行有关法律、法规和《公司章程》规定的职责， 确保公司遵守法律法规，公平对待全体股东，并关注利益相关者的利益。 第五条 董事由股东会选举或更换。董事候选人名单以提案的方式提请股 东会表决。 第六条 董事产生的方式为： （一）公司董事候选人由董事会或单独或者 ...