Core Viewpoint - Company Zunming Co., Ltd. (003030) is expected to turn a profit by 2025, primarily driven by non-recurring gains such as compensation for demolition and equity transfer payments, raising concerns about its underlying profitability [2][3] Financial Performance - Zunming Co. forecasts revenue of 2 billion to 2.05 billion yuan for 2025, a year-on-year increase of 20.16% to 23.17%, and a net profit attributable to shareholders of 25 million to 32 million yuan, a significant increase of 199.46% to 227.31% [3] - The company anticipates a non-recurring net loss of 36 million to 43 million yuan, with the loss margin expanding by 54.98% to 85.12% year-on-year [3] - The increase in net profit is attributed to two main factors: goodwill impairment at Nanjing Guoguo and asset disposal gains from demolition compensation at Yangzhou Zunming [3] Expansion Challenges - Zunming Co. has faced challenges due to rapid expansion, which has led to performance volatility. The company acknowledges that these fluctuations are part of the challenges faced during the scaling process [2][4] - The company has expanded its production bases from three to seven across China, increasing its soybean processing capacity to over 150,000 tons annually [5] - Despite revenue growth, net profit has declined, with the company reporting its first loss since going public in 2024 [5][6] Strategic Adjustments - The company plans to optimize its expansion strategy by focusing on core regions and quality projects, aiming to balance market expansion with output returns [6][8] - Zunming Co. has decided to exit its joint venture in the Beijing-Tianjin-Hebei region due to operational challenges and has terminated its project in Wuhan due to policy restrictions [7][8] - Experts suggest that the company should shift from a scale-driven approach to an efficiency-driven model, focusing on enhancing its premium capabilities in its home market [6][7]

Group 1 - Company Zunming announced that as of the date of the announcement, the amount of guarantees not yet fulfilled by its consolidated subsidiaries is approximately 306 million yuan, accounting for 30.56% of the company's most recent audited net assets attributable to shareholders [1] - The amount of guarantees provided by subsidiaries to the company is approximately 137 million yuan [1] Group 2 - Automotive sales giant Baolide, known for selling luxury cars such as Rolls-Royce and Porsche, is now undergoing bankruptcy liquidation, with its headquarters in Hangzhou reportedly abandoned and its subsidiary in Yiwu sealed [1]

（一）本次担保基本情况 2026 年 1 月 30 日，公司与上海浦东发展银行股份有限公司杭州萧山支行 （以下简称"浦发银行萧山支行"）签订了《最高额保证合同》，为浦发银 行萧山支行与公司控股子公司贵州祖名豆制品有限公司（以下简称"贵州祖 名"）签订的总额为人民币 4,650 万元的授信业务提供担保，担保方式为连带 责任保证。 （二）履行的审议程序 证券代码：003030 证券简称：祖名股份 公告编号：2026-004 祖名豆制品集团股份有限公司 关于为控股子公司提供担保的公告 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。 一、担保情况概述 祖名豆制品集团股份有限公司（以下简称"公司"或"祖名股份"）于 2025 年 4 月 24 日召开第五届董事会第九次会议，并于 2025 年 5 月 15 日召开 2024 年年度股东大会，审议通过了《关于公司 2025 年度对子公司担保额度预 计的议案》，预计为合并报表范围内子公司提供担保，担保总额度不超过人 民币 4.8 亿元。上述担保事项的办理期限自 2024 年年度股东大会审议通过之 日起至 2025 年年度股东 ...

Core Viewpoint - The company has signed a maximum guarantee contract with Shanghai Pudong Development Bank for its subsidiary, providing a guarantee for credit business up to RMB 46.5 million [1] Group 1 - The guarantee is for Guizhou Zunming Tofu Products Co., Ltd., a controlling subsidiary of the company [1] - The guarantee amount is within the approved limit of RMB 480 million from the 2024 annual shareholders' meeting [1] - The specific guarantee limit for Guizhou Zunming is RMB 50 million, leaving a remaining available limit of RMB 3.5 million after this guarantee [1]

Core Viewpoint - Company Zunming Co., Ltd. (003030) expects to achieve a revenue of 2 billion to 2.05 billion yuan in 2025, representing a year-on-year growth of 20.16% to 23.17%, and a net profit attributable to shareholders of 25 million to 32 million yuan, recovering from a loss of 25.1361 million yuan in the previous year [2] Financial Performance - The projected revenue for 2025 is between 2 billion and 2.05 billion yuan, indicating a growth rate of 20.16% to 23.17% compared to the previous year [2] - The expected net profit attributable to shareholders is between 25 million and 32 million yuan, a significant recovery from the previous year's loss of 25.1361 million yuan [2] - The company anticipates a non-recurring net profit loss of 36 million to 43 million yuan, compared to a loss of 23.2284 million yuan in the previous year [2] - Basic earnings per share are projected to be between 0.2 yuan and 0.26 yuan [2] Valuation Metrics - As of January 30, the company's price-to-earnings (P/E) ratio (TTM) is approximately 86.64 to 110.9 times, with a price-to-book (P/B) ratio of about 2.72 times and a price-to-sales (P/S) ratio of approximately 1.37 times [2] - The historical P/E ratio trends indicate fluctuations in the company's valuation over recent years [3][4][5][6][7][8][9] Business Operations - The company focuses on the research, production, and sales of soybean products [11] - The increase in net profit is attributed to the recognition of goodwill impairment and adjustments in equity transfer payments, as well as asset disposal gains from demolition compensation [11] - The company has actively expanded its sales market, resulting in a significant increase in product orders and production volume, with improved capacity utilization and gradually recovering profitability [11]

Core Viewpoint - The company, Zunming Co., Ltd. (003030.SZ), forecasts a significant increase in revenue and net profit for the fiscal year 2025, despite a projected loss in net profit after excluding non-recurring items [1] Group 1: Financial Performance - The company expects to achieve an operating income of 200,000 to 205,000 million yuan, representing a year-on-year growth of 20.16% to 23.17% [1] - The net profit attributable to shareholders is projected to be between 25 million to 32 million yuan, indicating a substantial year-on-year increase of 199.46% to 227.31% [1] - However, the net profit after deducting non-recurring gains is expected to show a loss of 36 million to 43 million yuan [1] Group 2: Reasons for Performance Changes - The increase in net profit is attributed to the recognition of goodwill impairment by Nanjing Guoguo Bean Products Co., Ltd., along with adjustments to the equity transfer payment and recognition of fair value changes [1] - The company also benefited from asset disposal gains due to compensation received from the demolition of properties by Yangzhou Zunming Bean Products Co., Ltd., contributing to the increase in net profit [1] Group 3: Operational Developments - The company has actively expanded its sales market, resulting in a significant increase in product orders and production volume year-on-year [1] - The capacity utilization rate has further improved, indicating a gradual recovery in profitability [1]

祖名股份公告，预计2025年度净利润为2500万元至3200万元，上年同期为亏损2513.61万元。预计实现 营业收入20亿元至20.5亿元，同比增长20.16%至23.17%。公司业绩变动的主要原因为南京果果豆制食品 有限公司确认商誉减值，同时按约定调整股权转让款并确认公允价值变动收益，导致本期净利润增加， 扣除非经常性损益后的净利润减少。 ...

一、本期业绩预计情况 证券代码：003030 证券简称：祖名股份 公告编号：2026-003 祖名豆制品集团股份有限公司 2025 年度业绩预告 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。 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于扭亏为盈情形 （1）以区间数进行业绩预告的 | 单位：万元 | | --- | | 项 目 | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | | 2,500 | ～ | 3,200 | -2,513.61 | | | 比上年同期增长 | 199.46% | ～ | 227.31% | | | 扣除非经常性损 益后的净利润 | 比上年同期下降 | -4,300 | ～ | -3,600 | -2,322.84 | | | | 54.98% | ～ | 85.12% | | | 基本每股收益 （元/股） | | 0.20 | ～ | 0.26 ...

祖名股份公告称，2025年预计实现营业收入20.00-20.50亿元，同比增长20.16%-23.17%；归属于上市公 司股东的净利润2500-3200万元，同比增长199.46%-227.31%，实现扭亏为盈；扣除非经常性损益后的净 利润亏损3600-4300万元。业绩变动主因是南京果果豆制食品确认商誉减值、调整股权转让款及扬州祖 名豆制食品收到拆迁款。公司积极拓市场，产销量增加，盈利能力逐步恢复。 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 | 成交全额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (万股/万份) | | | | | 2026-01-23 | 003030 | 祖名股份 | 19.74 | 11.80 | 232.93 机构专用 | | 招商证券股份有限 | | | | | | | | | 公司杭州富春路证 | | | | | | | | | 券营业部 | | 2026-01-23 | 003030 | 祖名股份 | 19.74 | 10.20 | 201.35 机构专用 | | 招商证券股份有限 | | | | | | | | | 公司杭州晶春路址 | | | | | | | | | 劳营业部 | | 2026-01-23 | 003030 | 祖名股份 | 19.74 | 10.20 | 201.35 机构专用 | | 招商证券股份有限 | | | | | | | | | 公司杭州富春路证 | | | | | | | | | ** ...