2025年8月28日，西部牧业(300106.SZ)发布2025年中报。 公司最新毛利率为8.42%，在已披露的同业公司中排名第22，较上季度毛利率增加0.74个百分点，实现2个季度连续上涨，较去年同期毛利率减少2.78个百分 点。最新ROE为-11.51%，在已披露的同业公司中排名第22，较去年同期ROE减少4.71个百分点。 公司摊薄每股收益为-0.21元，在已披露的同业公司中排名第21，较去年同报告期摊薄每股收益减少0.04元。 公司最新总资产周转率为0.36次，在已披露的同业公司中排名第7，较去年同期总资产周转率减少0.02次，同比较去年同期下降5.89%。最新存货周转率为 4.26次，在已披露的同业公司中排名第6，较去年同期存货周转率增加0.60次，实现2年连续上涨，同比较去年同期上涨16.44%。 公司股东户数为2.60万户，前十大股东持股数量为9721.74万股，占总股本比例为46.00%，前十大股东持股情况如下： 公司营业总收入为3.96亿元，在已披露的同业公司中排名第19，较去年同报告期营业总收入减少5631.68万元，同比较去年同期下降12.45%。归母净利润 为-4360.03万元，在已 ...

Group 1 - The core viewpoint of the article highlights that Western Pastoral (300106) reported a decline in both revenue and net profit for the first half of 2025, indicating financial challenges faced by the company [1] - The company achieved an operating income of 396 million yuan, representing a year-on-year decrease of 12.45% [1] - The net profit for the first half of 2025 was -43.6 million yuan, reflecting a year-on-year decline of 26.48% [1] Group 2 - The basic earnings per share (EPS) were reported at -0.2063 yuan [1] - The weighted average return on equity (ROE) was -10.88%, indicating negative returns for shareholders [1]

Core Viewpoint - The performance of Western Dairy is under pressure due to weak dairy product consumption and supply-demand imbalance, leading to a significant increase in net losses in the first half of 2025 compared to the previous year [1][2] Financial Performance - In the first half of 2025, the company's operating revenue was 396 million yuan, a year-on-year decrease of 12.45% [1] - The net loss attributable to the parent company was 43.6 million yuan, widening from a net loss of 34.47 million yuan in the same period last year [1] - The net cash flow from operating activities turned positive at 20.45 million yuan, primarily due to increased cash inflows from sales and subsidies [1] - The net cash flow from financing activities doubled due to an increase in bank loans [1] Market Conditions - Dairy product demand has weakened since September 2021, while production has rebounded, resulting in a continuous decline in raw milk prices for over three years [1] - As of the third week of August, the average price of fresh milk in major producing provinces was 3.02 yuan per kilogram, unchanged from the previous week and down 5.6% year-on-year [1] Strategic Actions - To capture market share, the company has implemented promotional strategies, but these have not yielded significant results [1] - Revenue for 2023-2024 and the first half of 2025 has continued to decline by double digits year-on-year, with a downward trend in sales gross margin over the past five years [1] Cost Management - Research and development expenses decreased by 51% in the first half of 2025 [2] - Sales expenses were reduced by 39%, attributed to the end of cooperation with subsidiaries and a decrease in sales commissions and promotional costs [2] - Management expenses increased by 41%, amounting to 30.73 million yuan in the first half of 2025 [2]

Core Viewpoint - The company, Xibu Muye, primarily utilizes a distribution model for its dairy products, partnering with regional distributors across the country to sell products to end consumers [1] Company Summary - Xibu Muye's current sales strategy focuses on a distribution model, selecting regional distributors as partners [1] - The company leverages the sales channels of these distributors to reach end consumers effectively [1]

新疆西部牧业股份有限公司 信息披露暂缓与豁免管理制度 新疆西部牧业股份有限公司 信息披露暂缓与豁免管理制度 第一章 总则 新疆西部牧业股份有限公司 信息披露暂缓与豁免管理制度 则中规定的暂缓、豁免情形，并接受深圳证券交易所对信息披露暂缓、 豁免事项的事后监管。 第二章 暂缓、豁免披露信息的范围 第四条 公司及其他信息披露义务人有确实充分的证据证明拟 披露的信息涉及国家秘密或者其他因披露可能导致违反国家保密规 定、管理要求的事项（以下统称"国家秘密"），应当根据相关法律法 规和本制度规定豁免披露。 第一条 为规范新疆西部牧业股份有限公司（以下简称"公司"） 的信息披露暂缓与豁免行为，督促公司及其他信息披露义务人依法合 规履行信息披露义务，保护投资者的合法权益，根据《中华人民共和 国保守国家秘密法》《中华人民共和国证券法》《上市公司信息披露管 理办法》《上市公司信息披露暂缓与豁免管理规定》《深圳证券交易所 创业板股票上市规则》（以下简称《股票上市规则》）等法律、行政法 规、规范性文件以及《新疆西部牧业股份有限公司章程》（以下简称 《公司章程》）的规定，结合公司实际情况，制定本制度。 第二条 公司及其他信息披露义务 ...

Group 1 - The core point of the article is that Western Animal Husbandry reported a decline in revenue and an increase in net loss for the first half of 2025 compared to the same period last year [1] Group 2 - The company achieved an operating income of approximately 396 million yuan, representing a year-on-year decrease of 12.45% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 43.6 million yuan, compared to a loss of 34.47 million yuan in the same period last year [1]

Market Overview - The beverage and dairy sector experienced a decline of 1.4% on August 27, with Zhuangyuan Pasture leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable gainers in the beverage and dairy sector included: - Aluminum Wine Foods: Closed at 40.47, up 6.56% with a trading volume of 139,100 shares and a turnover of 544 million yuan [1] - Yiming Foods: Closed at 24.43, up 5.57% with a trading volume of 292,700 shares and a turnover of 694 million yuan [1] - Liziyuan: Closed at 14.18, up 3.28% with a trading volume of 322,500 shares and a turnover of 448 million yuan [1] - Major decliners included: - Zhuangyuan Pasture: Closed at 9.83, down 3.91% with a trading volume of 98,500 shares and a turnover of 99.2 million yuan [2] - Chengde Lulule: Closed at 8.69, down 3.87% with a trading volume of 452,000 shares and a turnover of 400 million yuan [2] - Xibu Muye: Closed at 11.86, down 3.10% with a trading volume of 198,400 shares and a turnover of 240 million yuan [2] Capital Flow - The beverage and dairy sector saw a net outflow of 408 million yuan from institutional investors, while retail investors contributed a net inflow of 459 million yuan [2] - Specific stock capital flows included: - Liziyuan: Net outflow of 24.91 million yuan from institutional investors [3] - Yiming Foods: Net inflow of 18.32 million yuan from institutional investors [3] - Zhuangyuan Pasture: Net outflow of 19.94 million yuan from retail investors [3]

Core Viewpoint - Western Animal Husbandry (300106.SZ) reported a decline in revenue and net profit for the first half of 2025, indicating potential challenges in the company's financial performance [1] Financial Performance - The company achieved operating revenue of 396 million yuan, a year-on-year decrease of 12.45% [1] - The net profit attributable to shareholders of the listed company was -43.6 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -55.4 million yuan [1] - The basic earnings per share were -0.2063 yuan [1]

新疆西部牧业股份有限公司 章程修订案 序号 章程修订前后对照表 修订前 修订后 1 第一条 为维护公司、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。 第一条 为维护公司、股东、职工和债 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，制定本章程。 2 第八条 董事长为公司的法定代表人。 第八条 董事长为公司的法定代表人。 董事长辞任的，视为同时辞去法定代 表人。 法定代表人辞任的，公司将在法定代 表人辞任之日起三十日内确定新的法 定代表人。 3 新增 第九条 法定代表人以公司名义从事 的民事活动，其法律后果由公司承受。 本章程或者股东会对法定代表人职权 的限制，不得对抗善意相对人。 法定代表人因为执行职务造成他人损 害的，由公司承担民事责任。公司承 担民事责任后，依照法律或者本章程 的规定，可以向有过错的法定代表人 追偿。 4 第九条 公司全部资产分为等额股份， ...

上市公司2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 | | 资金占用方名 | 占用方与上 | 上市公司核 | 2025年期初 | 2025年1-6 月占用累计 | 2025年1-6 | 2025年1-6月 | 2025年6月末 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | | 市公司的关 | 算的会计科 | 占用资金余 | 发生金额 | 月占用资金 | 偿还累计发 | 期末占用资金 | 占用形成原 | 占用性质 | | | 称 | 联关系 | 目 | 额 | （不含利 | 的利息 | 生金额 | 余额 | 因 | | | | | | | | 息） | | | | | | | 控股股东、实际控制 | | | | | | | | | | | | 人及其附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 前控股股东、实际控 | | | | | | | | | | | | 制人及其附属企业 | | | | | | ...