湛江国联水产开发股份有限公司 对外担保管理制度 （2025 年 10 月） 第一章 总 则 第一条 为加强湛江国联水产开发股份有限公司（以下简称"公司"）的对外 担保管理，规范公司担保行为，控制和降低担保风险，保证公司资产安全，根据 《中华人民共和国民法典》（以下简称"《民法典》"）、《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》"）、 《深圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）等有关法律、 法规、规范性文件及《公司章程》的规定，结合公司的实际情况，制定本制度。 第二条 本制度所述的对外担保是指公司以第三人的身份为债务人的债务提 供担保，当债务人不履行债务时，由公司按照约定履行债务或者承担责任的行为。 担保形式包括保证、抵押及质押。 第三条 本制度所述对外担保包括公司对控股子公司的担保，本制度适用于 本公司及各级控股子公司（以下简称"子公司"）。 第四条 本制度所述对外担保总额，是指包括公司对控股子公司担保在内的 公司对外担保总额与公司子公司对外担保额之和。 第五条 公司对外担保实行统一管理，未经董事会或股东会批准，不得对外 提供任何 ...

Financial Performance - The company's revenue for Q3 2025 was ¥931,483,932.03, representing a decrease of 6.00% compared to the same period last year[5] - The net profit attributable to shareholders was -¥259,479,953.31, a decline of 167.23% year-on-year[5] - The basic earnings per share for the period was -¥0.23, down 155.56% from the previous year[5] - Total operating revenue for the current period is ¥2,582,336,521.60, a decrease of 14.3% compared to ¥3,012,999,607.19 in the previous period[18] - Net profit for the current period is -¥816,520,380.59, compared to -¥90,993,843.57 in the previous period, indicating a significant increase in losses[19] - The company recorded a total comprehensive loss of -¥820,364,023.46, compared to -¥95,240,215.05 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,508,468,771.28, a decrease of 14.67% from the end of the previous year[5] - Total assets decreased from CNY 4,111,862,353.14 to CNY 3,508,468,771.28, a decline of approximately 14.7%[16] - Current assets decreased from CNY 2,908,050,708.85 to CNY 2,378,018,497.60, representing a reduction of about 18.2%[15] - Inventory decreased significantly from CNY 1,899,516,569.08 to CNY 1,438,362,810.69, a drop of approximately 24.3%[15] - Total liabilities increased from CNY 2,224,548,001.93 to CNY 2,346,518,443.54, reflecting an increase of approximately 5.5%[16] - Total current liabilities increased from CNY 1,998,859,008.55 to CNY 2,180,645,812.27, an increase of about 9.1%[16] Equity and Return Metrics - The weighted average return on equity was -22.30%, a decline of 18.47% compared to the same period last year[5] - The total equity attributable to shareholders decreased by 43.84% to ¥1,029,443,458.62 compared to the end of the previous year[5] - Owner's equity attributable to the parent company decreased from CNY 1,833,104,331.28 to CNY 1,029,443,458.62, a decline of about 43.8%[17] - The total equity decreased from CNY 1,887,314,351.21 to CNY 1,161,950,327.74, a decline of approximately 38.4%[17] Cash Flow and Operating Activities - Cash flow from operating activities for the year-to-date was ¥115,117,643.19, down 26.02%[5] - Operating cash flow net amount is ¥115,117,643.19, down 26% from ¥155,614,867.69 in the previous period[20] - Cash and cash equivalents at the end of the period decreased to ¥205,875,018.92 from ¥271,780,257.35, reflecting a decline of 24.2%[21] - The company reported a net cash outflow from financing activities of -¥133,160,662.50, an improvement compared to -¥273,513,810.63 in the previous period[21] Operational Highlights - The company reported a significant increase in accounts payable, which rose by 79.89% to ¥551,578,924.73 due to increased supplier credit limits[10] - Interest income decreased by 84.63% to ¥940,108.56, primarily due to reduced financial investment income[10] - Research and development expenses decreased to ¥26,619,354.76, down 30.6% from ¥38,339,785.55 in the previous period[18] - The company experienced a significant increase in asset impairment losses, totaling -¥371,781,077.50 compared to -¥139,660,628.34 in the previous period[19] Future Outlook and Strategic Initiatives - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for Q4 2025, representing a 25% increase compared to Q4 2024[23] - New product launches contributed to a 10% increase in market share within the seafood industry[23] - The company is investing 50 million RMB in R&D for new aquaculture technologies aimed at improving yield efficiency[23] - Market expansion efforts have led to a 30% increase in distribution channels across Southeast Asia[23] - The company announced a strategic acquisition of a local competitor for 200 million RMB to enhance its market presence[23] - Gross margin improved to 35%, up from 30% in the previous quarter due to cost optimization strategies[23] - The company plans to implement a new digital marketing strategy, expecting a 15% increase in customer engagement[23] - Overall, the company remains optimistic about achieving a net profit margin of 10% by the end of 2025[23]

证券之星消息，10月27日渔业板块较上一交易日下跌0.74%，中水渔业领跌。当日上证指数报收于 3996.94，上涨1.18%。深证成指报收于13489.4，上涨1.51%。渔业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600467 | 好当家 | 2.43 | -0.41% | 32.98万 | 8026.73万 | | 300094 | 国联水产 | 3.55 | -0.56% | 27.46万 | 9763.61万 | | 600097 | 开创国际 | 11.67 | -0.68% | 4.16万 | 4867.73万 | | 002069 | 獐子鸟 | 3.91 | -0.76% | 12.22万 | 4780.49万 | | 600257 | 大湖股份 | 5.55 | -1.07% | 16.19万 | 8969.03万 | | 000798 | 中水渔业 | 8.03 | -1.11% | 9.05万 | 7285.54万 | 从资金流向上来看，当日 ...

Core Viewpoint - The event in Guizhou showcased seafood from Zhanjiang, highlighting the collaboration between Guangdong and Guizhou provinces, and the growing demand for high-quality seafood in the region [3][4][6]. Group 1: Event Overview - The seafood promotion and tasting event took place in Guiyang, Guizhou, featuring premium seafood products such as golden pomfret, shrimp, and oysters from Zhanjiang [3][4]. - The event aimed to enhance cooperation between Guangdong and Guizhou, presenting new ideas and outcomes for both provinces [4][6]. Group 2: Market Demand and Supply - There is a continuous increase in local consumption and a rising demand for high-quality seafood in Guizhou, which is seen as a growth hub for domestic consumption [6][21]. - Zhanjiang is recognized as a major fishing city in Guangdong, contributing 13% of the province's marine industry output and over 40% of deep-sea aquaculture capacity [9][10][11]. Group 3: Seafood Industry Position - Zhanjiang's seafood, particularly golden pomfret and shrimp, has gained national acclaim and is popular both domestically and internationally [11][12]. - The region's aquaculture area covers 1.162 million acres, accounting for 16% of the province's total, with Zhanjiang leading in fishery production and output for 30 consecutive years [9][10]. Group 4: Strategic Initiatives - The Guangdong government has launched initiatives to develop a "media+" model to enhance agricultural product marketing, integrating various societal forces to improve market effectiveness [49][51]. - Zhanjiang's seafood enterprises are actively engaging in market research and promotion in Guizhou, aiming to boost sales of key products like golden pomfret and shrimp [53][55]. Group 5: Business Collaborations - A procurement signing ceremony was held during the event, with 12 companies, including Guangdong Haiwei Agricultural Group and Guizhou Western Wharf Catering Management, signing contracts worth over 30 million yuan for seafood sales in Guizhou [61][66]. - The establishment of a food safety liability insurance specifically for Zhanjiang seafood products aims to enhance quality assurance and market confidence [58][60].

Core Insights - The fishing sector experienced a decline of 1.29% on October 24, with Zhongshui Fisheries leading the drop at 2.52% [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Sector Performance - The following stocks in the fishing sector showed notable declines: - Zhanzi Island (002069) closed at 3.94, down 0.51% - Guolian Aquatic Products (300094) closed at 3.57, down 1.11% - Kaichuang International (600097) closed at 11.75, down 1.18% - Haodangjia (600467) closed at 2.44, down 1.21% - Dahuhua (600257) closed at 5.61, down 1.23% - Zhongshui Fisheries (000798) closed at 8.12, down 2.52% [1] Capital Flow Analysis - The fishing sector saw a net outflow of 13.98 million yuan from main funds and 10.57 million yuan from speculative funds, while retail investors had a net inflow of 24.54 million yuan [1] - Detailed capital flow for individual stocks includes: - Zhanzi Island: Main funds net inflow of 2.47 million yuan, speculative funds net inflow of 1.33 million yuan, retail net outflow of 3.80 million yuan - Zhongshui Fisheries: Main funds net inflow of 1.07 million yuan, speculative funds net inflow of 0.33 million yuan, retail net outflow of 1.40 million yuan - Kaichuang International: Main funds net outflow of 2.00 million yuan, speculative funds net outflow of 7.64 million yuan, retail net inflow of 9.65 million yuan - Dahuhua: Main funds net outflow of 2.68 million yuan, speculative funds net outflow of 2.61 million yuan, retail net inflow of 5.30 million yuan - Haodangjia: Main funds net outflow of 3.41 million yuan, speculative funds net outflow of 1.47 million yuan, retail net inflow of 4.88 million yuan - Guolian Aquatic Products: Main funds net outflow of 9.42 million yuan, speculative funds net outflow of 0.51 million yuan, retail net inflow of 9.92 million yuan [2]

Core Viewpoint - Guolian Aquatic Products experienced a slight decline in stock price and trading volume, with significant changes in financing and shareholder structure [1][2]. Financing Summary - On October 23, Guolian Aquatic Products had a financing buy-in amount of 8.53 million yuan, with a net financing buy of 0.123 million yuan, indicating low financing activity [1]. - The total financing and securities balance reached 257 million yuan, accounting for 6.31% of the circulating market value, which is below the 30% percentile level over the past year [1]. - The company had no short-selling activity on the same day, with a short-selling balance of 0 yuan, indicating a high level of short-selling availability compared to the 80% percentile level over the past year [1]. Business Performance Summary - As of June 30, the number of shareholders decreased by 3.98% to 56,800, while the average circulating shares per person increased by 4.14% to 19,461 shares [2]. - For the first half of 2025, Guolian Aquatic Products reported a revenue of 1.651 billion yuan, a year-on-year decrease of 18.36%, and a net profit attributable to shareholders of -540 million yuan, a significant decline of 3180.50% [2]. Dividend and Shareholder Structure - Since its A-share listing, Guolian Aquatic Products has distributed a total of 81.25 million yuan in dividends, with no dividends paid in the last three years [3]. - As of June 30, 2025, the top ten circulating shareholders saw a change, with the withdrawal of the Fortune China Securities Agricultural Theme ETF from the list [3].

Core Insights - The fishery sector experienced a 0.46% increase on October 23, with KaiChuang International leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index also rose by 0.22% to 13025.45 [1] Stock Performance - KaiChuang International (600097) closed at 11.89, with a rise of 2.32% and a trading volume of 89,400 shares, amounting to a transaction value of 106 million yuan [1] - ZhongShui Fishery (000798) saw a 0.97% increase, closing at 8.33 with a trading volume of 62,700 shares and a transaction value of 51.95 million yuan [1] - DaHu Co. (600257) increased by 0.53%, closing at 5.68 with a trading volume of 122,000 shares and a transaction value of 68.95 million yuan [1] - HaoDangJia (600467) remained unchanged at 2.47, with a trading volume of 282,400 shares and a transaction value of 69.44 million yuan [1] - ZhangZiDao (002069) also remained unchanged at 3.96, with a trading volume of 89,500 shares and a transaction value of 35.24 million yuan [1] - YuanLian Aquatic Products (300094) decreased by 0.55%, closing at 3.61 with a trading volume of 248,500 shares and a transaction value of 89.31 million yuan [1] Capital Flow - The fishery sector saw a net outflow of 32.11 million yuan from main funds, while retail investors contributed a net inflow of 32.45 million yuan [1] - Detailed capital flow for key stocks indicates that KaiChuang International had a net inflow of 2.90 million yuan from main funds, while ZhongShui Fishery experienced a net outflow of 5.19 million yuan [2] - DaHu Co. and HaoDangJia also faced significant net outflows from main funds, amounting to 5.26 million yuan and 5.83 million yuan respectively [2]

Market Overview - On October 22, the fishery sector declined by 0.09%, with Zhuangzi Island leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Key stocks in the fishery sector showed mixed performance, with the following closing prices and changes: - Zhongshui Fishery (000798): 8.25, +0.49% - Kaichuang International (600097): 11.62, +0.43% - Haodangjia (600467): 2.47, +0.41% - Guolian Aquatic Products (300094): 3.63, -0.27% - Dahuhua (600257): 5.65, -0.70% - Zhuangzi Island (002069): 3.96, -1.00% [1] Capital Flow - The fishery sector experienced a net outflow of 37.94 million yuan from main funds and 18.56 million yuan from speculative funds, while retail investors saw a net inflow of 56.51 million yuan [1] - Detailed capital flow for key stocks includes: - Guolian Aquatic Products: Main fund net inflow of 1.55 million yuan, retail net inflow of 2.11 million yuan - Zhongshui Fishery: Main fund net outflow of 2.70 million yuan, retail net inflow of 4.19 million yuan - Kaichuang International: Main fund net outflow of 3.48 million yuan, retail net inflow of 7.73 million yuan - Zhuangzi Island: Main fund net outflow of 4.08 million yuan, retail net inflow of 6.34 million yuan - Haodangjia: Main fund net outflow of 11.32 million yuan, retail net inflow of 15.19 million yuan - Dahuhua: Main fund net outflow of 17.90 million yuan, retail net inflow of 20.95 million yuan [2]

Core Insights - The fisheries sector experienced a rise of 1.18% on October 20, with Zhangzidao leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Fisheries Sector Performance - Zhangzidao (002069) closed at 3.80, with an increase of 2.43% and a trading volume of 142,600 shares, amounting to a transaction value of 53.69 million yuan [1] - Haodangjia (600467) closed at 2.41, up 1.69%, with a trading volume of 276,100 shares and a transaction value of 66.06 million yuan [1] - Zhongshui Fisheries (000798) closed at 8.04, increasing by 1.52%, with a trading volume of 44,600 shares and a transaction value of 35.68 million yuan [1] - Kaichuang International (600097) closed at 11.19, up 0.81%, with a trading volume of 31,600 shares and a transaction value of 35.14 million yuan [1] - Guolian Aquatic Products (300094) closed at 3.60, with a slight increase of 0.56%, trading 173,900 shares for a total of 62.43 million yuan [1] - Dahuhua (600257) closed at 5.52, up 0.18%, with a trading volume of 109,100 shares and a transaction value of 60.10 million yuan [1] Capital Flow Analysis - The fisheries sector saw a net inflow of 888,300 yuan from institutional investors, while retail investors contributed a net inflow of 1,009,320 yuan [1] - Speculative funds experienced a net outflow of 1,098,150 yuan [1] - Specific stock capital flows included: - Haodangjia (600467) had a net inflow of 8.02 million yuan from institutional investors, but a net outflow of 6.36 million yuan from speculative funds [2] - Dahuhua (600257) saw a net inflow of 495,700 yuan from retail investors despite a net outflow from institutional and speculative funds [2] - Zhangzidao (002069) experienced a net outflow of 998,300 yuan from institutional investors, but a net inflow of 1.71 million yuan from retail investors [2] - Guolian Aquatic Products (300094) had a significant net inflow of 4.89 million yuan from retail investors despite outflows from other investor types [2]

Core Viewpoint - The fishery sector experienced a decline of 1.06% on October 17, with Guolian Aquatic Products leading the drop, while the Shanghai Composite Index fell by 1.95% and the Shenzhen Component Index decreased by 3.04% [1] Group 1: Market Performance - The fishery sector's stocks showed varied performance, with notable declines in several companies, including: - Haodangjia (600467) down by 0.42% to 2.37 - Kaichuang International (600097) down by 0.63% to 11.10 - Zhongshui Fishery (000798) down by 1.00% to 7.92 - Dahu Co. (600257) down by 1.25% to 5.51 - Zhangzidao (002069) down by 1.33% to 3.71 - Guolian Aquatic Products (300094) down by 1.65% to 3.58 [1] Group 2: Capital Flow - The fishery sector saw a net outflow of main funds amounting to 28.90 million yuan, while retail investors contributed a net inflow of 43.09 million yuan [1] - Detailed capital flow for individual stocks includes: - Zhangzidao (002069) had a main fund net inflow of 566,800 yuan, but a net outflow from speculative funds of 2.22 million yuan [2] - Zhongshui Fishery (000798) experienced a main fund net outflow of 86,200 yuan and a net outflow from speculative funds of 2.17 million yuan [2] - Guolian Aquatic Products (300094) faced a significant main fund net outflow of 3.79 million yuan [2] - Haodangjia (600467) had a main fund net outflow of 8.99 million yuan [2] - Dahu Co. (600257) saw a main fund net outflow of 12.46 million yuan [2]