（文章来源：证券日报） 证券日报网讯 12月11日晚间，桂发祥发布公告称，公司于近日完成了经营范围变更及《公司章程》修 订等的工商登记手续，并换发营业执照。 ...

证券代码：002820 证券简称：桂发祥 公告编号：2025-040 天津桂发祥十八街麻花食品股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 天津桂发祥十八街麻花食品股份有限公司（以下简称公司）于 2025 年 11 月 28 日 召开了 2025 年第一次临时股东会，审议通过了《关于增加经营范围、调整公司治理结 构并修订<公司章程>的议案》，同意公司根据业务需要对经营范围进行增项，具体内容 详见 2025 年 11 月 13 日及 2025 年 11 月 29 日刊登于《中国证券报》《上海证券报》《证 券时报》《证券日报》和巨潮资讯网（http://www.cninfo.com.cn）上的相关公告。公 司于近日完成了经营范围变更及《公司章程》修订等的工商登记手续，并换发营业执照。 具体信息如下： 名称：天津桂发祥十八街麻花食品股份有限公司 统一社会信用代码：91120103103368983M 类型：股份有限公司（上市） 法定代表人：李路 注册资本：贰亿零捌拾陆万捌仟贰佰玖拾伍元人民币 成立日期：一九九 ...

Market Overview - On December 8, the Tianjin state-owned enterprise reform sector fell by 0.59% compared to the previous trading day, with Haitai Development leading the decline [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Stock Performance - Key stocks in the Tianjin state-owned enterprise reform sector showed mixed performance, with notable movements including: - Taida Co., Ltd. (000652) closed at 4.59, up 1.10% with a trading volume of 373,900 shares and a turnover of 172 million yuan [1] - Haitai Development (600082) closed at 4.29, down 10.06% with a trading volume of 75,200 shares [2] - Other stocks like Jinhai New Energy (600821) and Tianjin Port (600717) also experienced slight declines [1][2] Capital Flow Analysis - The Tianjin state-owned enterprise reform sector saw a net outflow of 49.54 million yuan from institutional investors, while retail investors had a net inflow of 28.05 million yuan [2] - The capital flow for key stocks included: - Taida Co., Ltd. had a net inflow of 22.51 million yuan from institutional investors [3] - Tianjin Port (600717) experienced a net inflow of 5.21 million yuan from institutional investors but a net outflow of 13.35 million yuan from retail investors [3]

Core Insights - The primary sentiment in the primary market has shifted from pessimism to optimism, with increased activity in both investment and fundraising [1][3][10] - There is a notable resurgence of institutional Limited Partners (LPs), particularly from traditional industries, indicating a new influx of capital into the market [1][5][12] Investment Activity - Investment institutions are experiencing a significant increase in demand, with some VC firms projecting their total investment projects for the end of the year to reach three times that of the previous year [4][11] - The number of new registered funds has risen by 15.18% year-on-year, with a total of 3,434 new funds recorded [11] Fundraising Trends - The fundraising environment has improved, with multiple RMB funds closing and several dollar institutions announcing new fundraising activities, contributing to overall market confidence [4][10] - Institutional LPs have committed approximately 1.24 trillion yuan in the first three quarters of 2025, reflecting a 9% year-on-year increase [11] Emergence of New Capital - Traditional companies, such as Tianjin Guifaxiang, have begun to participate as LPs, with reported investments totaling nearly 1 billion yuan this year [1][5] - A growing number of consumer companies with strong cash flows are forming a "Consumer LP Army," actively investing in the primary market [7][9] Market Dynamics - The market is witnessing a structural change, moving from a focus on scale to prioritizing quality and cash returns, as evidenced by the return of previously cautious LPs and the entry of new industrial capital [12] - The overall investment sentiment is improving, with industry leaders expressing positive expectations for the market's future [11][12]

12月2日，桂发祥盘中上涨2.31%，截至13:01，报13.71元/股，成交1.01亿元，换手率3.76%，总市值 27.54亿元。 截至9月30日，桂发祥股东户数3.40万，较上期减少11.27%；人均流通股5911股，较上期增加12.70%。 2025年1月-9月，桂发祥实现营业收入3.77亿元，同比减少6.23%；归母净利润101.96万元，同比减少 97.15%。 分红方面，桂发祥A股上市后累计派现3.10亿元。近三年，累计派现9850.03万元。 机构持仓方面，截止2025年9月30日，桂发祥十大流通股东中，诺安多策略混合A（320016）退出十大 流通股东之列。 责任编辑：小浪快报 今年以来桂发祥已经6次登上龙虎榜，最近一次登上龙虎榜为8月20日，当日龙虎榜净买入-5166.33万 元；买入总计6084.71万元 ，占总成交额比5.24%；卖出总计1.13亿元 ，占总成交额比9.68%。 资料显示，天津桂发祥十八街麻花食品股份有限公司位于天津市河西区洞庭路32号，成立日期1994年9 月20日，上市日期2016年11月18日，公司主营业务涉及传统特色及其他休闲食品的研发、生产和销售。 主营业务收 ...

Meeting Overview - The first temporary shareholders' meeting of Tianjin Guifaxiang Eighteenth Street Mahua Food Co., Ltd. was held on November 28, 2025, with both on-site and online voting options available [1][2][3] - A total of 121 shareholders and authorized representatives attended, representing 69,097,894 voting shares, which is 34.40% of the company's total shares [2][3] Resolutions Passed - The meeting approved the proposal to expand the business scope, adjust the corporate governance structure, and amend the Articles of Association, with 99.96% of the voting rights in favor [4][5] - Several internal regulations were revised, including: - Amendments to the Rules of Procedure for Shareholders' Meetings [6] - Amendments to the Rules of Procedure for Board Meetings [6] - Amendments to the Independent Director Work System and the abolition of the Independent Director Annual Report Work System [7] - Amendments to the External Investment Decision-Making System [9] - Amendments to the External Guarantee Decision-Making System [10] - Amendments to the Related Party Transaction Management Measures and the abolition of the Management System for Related Party Fund Transactions [11] - Amendments to the Fundraising Management Measures [12] - Amendments to the Investor Relations Management Measures [13] - Establishment of the Compensation Management System for Directors and Senior Management [14] - The meeting also approved the addition of an independent director, He Zhen, to the board [15][16] Legal Opinions - The legal opinion provided by Junhe Law Firm confirmed that the meeting's procedures, qualifications of attendees, and voting processes complied with relevant laws and the company's Articles of Association [17] Employee Director Election - The company held the third session of the seventeenth employee representative assembly, electing Song Lining as the employee director of the fifth board, with a term starting from November 28, 2025 [19][20] - Song Lining has no shares in the company and meets all qualifications as per the Company Law and Articles of Association [21]

Core Viewpoint - The company announced the election of Song Lining as the employee director of the fifth board of directors during the third session of the seventeenth employee representative assembly, which was unanimously approved by all attending employee representatives [1] Group 1 - The company is Tianjin Guifaxiang Shiba Jie Mahua Food Co., Ltd. [1] - The employee representative assembly was held recently in accordance with relevant regulations [1] - The election of the employee director reflects the company's commitment to employee representation in its governance structure [1]

Core Viewpoint - The company is expanding its overseas business through partnerships with professional market development and agency organizations, as well as negotiations with well-known cross-border e-commerce platforms [1] Group 1 - A portion of the company's products is sold overseas through distributors, but the sales revenue from these channels is relatively small [1] - The company has developed a plan to gradually build its overseas business [1]

证券代码：002820 证券简称：桂发祥 公告编号：2025-039 天津桂发祥十八街麻花食品股份有限公司 关于职工董事选举结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 天津桂发祥十八街麻花食品股份有限公司（以下简称公司）根据《公司法》《公司 章程》等的相关规定，于近日召开公司第三届十七次职工代表大会，经全体参会职工代 表一致投票通过，选举宋俐凝女士为公司第五届董事会职工董事，任期自 2025 年 11 月 28 日至第五届董事会届满之日止。宋俐凝女士简历情况如下： 宋俐凝女士，1978 年 2 月出生，中国国籍，本科学历，现任公司党总支副书记、 工会主席、妇联主席，兼任子公司天津市桂发祥商业管理有限公司、桂发祥十八街麻花 （上海）有限公司监事，兼任天津市河西区总工会第八届委员会常委、委员、女职工委 员会委员，天津市河西区妇女联合会第十四届执行委员会委员。2023 年 8 月至今任公 司党总支副书记；2022 年 10 月至今任公司工会主席；2025 年 4 月至今任公司妇联主席； 2025 年 10 月至今任天津市桂发祥麻花饮食集团有限公司工会 ...

（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 11 月 28 日（星期五）的交易时间，即 9:15—9:25，9:30—11:30 和 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 11 月 28 日（星期五）上 午 9:15 至下午 15:00 期间的任意时间。 特别提示： 1.本次股东会无否决议案或修改议案的情况；本次股东会上没有新提议案提交表决。 2.本次股东会不涉及变更前次股东会决议的情况。 一、会议召开和出席情况 1.会议召开时间 （1）现场会议召开时间：2025 年 11 月 28 日（星期五）14:00 证券代码：002820 证券简称：桂发祥 公告编号：2025-038 天津桂发祥十八街麻花食品股份有限公司 2025 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 2.现场会议召开地点：天津市河西区洞庭路 32 号公司二楼会议室 3.会议召开方式：本次股东会采取现场投票与网络投票相结合的方式 4.会议召集人：公司董事会 5.会议主持人： ...