Financial Performance - The company's operating revenue for the first half of 2025 was ¥103,081,928.15, a decrease of 4.72% compared to ¥108,189,819.84 in the same period last year[20]. - The net profit attributable to shareholders was -¥5,226,940.64, showing an improvement of 75.99% from -¥21,766,008.84 year-on-year[20]. - The net cash flow from operating activities decreased by 68.67% to ¥14,286,263.42, down from ¥45,605,703.43 in the previous year[20]. - The total assets at the end of the reporting period were ¥549,084,053.16, a decline of 24.53% from ¥727,519,148.80 at the end of the previous year[20]. - The company reported a basic earnings per share of -¥0.0111, improving by 75.97% from -¥0.0462 in the same period last year[20]. - The weighted average return on net assets was -1.01%, an increase of 3.44% compared to -4.45% in the previous year[20]. - The company's gross profit margin decreased slightly, with the cost of sales reported at ¥91,025,602.80, down 0.6% from ¥91,579,206.15 year-on-year[31]. - Sales expenses increased by 12.29% to ¥2,419,497.40, while management expenses rose by 10.06% to ¥16,342,655.40 compared to the previous year[31]. - The gross profit margin for dried fruits was 13.63%, which decreased by 4.10% compared to the previous year[40]. - The company reported a net loss in retained earnings, increasing from CNY -109,601,406.79 to CNY -114,828,347.43[114]. - The total equity attributable to shareholders decreased from CNY 520,321,318.37 to CNY 515,094,377.73, a decline of approximately 1.4%[114]. Market and Industry Trends - The market for healthy snacks, particularly fruits and nuts, is expanding due to increasing consumer health awareness and demand for high-quality products[26]. - The baking industry is expected to see significant growth potential, driven by changing dietary preferences and increased consumer spending on mid-to-high-end products[26]. - The company aims to expand its product categories and sales channels, focusing on new product development based on consumer preferences[30]. - The company has a strong brand presence in the European raisin market and Southeast Asian fresh fruit market, with high brand recognition[31]. - The company is enhancing its team and increasing efforts to develop markets in Southeast Asia, South Asia, and the Middle East due to trade barriers affecting its fresh fruit export business[56]. Operational Highlights - The company has established partnerships with well-known brands such as Starbucks and Three Squirrels, enhancing its market presence[29]. - The company has over 140 registered trademarks, focusing on quality and standardization to build customer trust[32]. - The inventory of dried fruits increased by 99.84% to 1,601.24 tons, indicating potential overproduction or reduced sales[35]. - The company has a cold storage capacity of over 70,000 tons, utilizing advanced dry and fresh cold chain sharing technology[36]. - The company has achieved various certifications, including HACCP, ISO22000, and BRCGS, enhancing its competitiveness in domestic and international markets[36]. Financial Management and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company adheres to legal regulations and continuously updates its internal control system to enhance governance standards[64]. - The company emphasizes the protection of shareholder rights by ensuring timely and accurate information disclosure through multiple communication channels[64]. - The company guarantees strict compliance with commitments to avoid related party transactions that could harm shareholder interests[73]. - The company has committed to independent operations, ensuring that its assets and financial resources are not occupied by related parties[69]. Shareholder Information - The total number of shareholders at the end of the reporting period is 19,639[102]. - The largest shareholder, Wang Guimei, holds 12.73% of the shares, totaling 59,952,960 shares[102]. - Xinjiang Shanglong Equity Investment Management Co., Ltd. holds 11.21% of the shares, totaling 52,800,000 shares[102]. - The combined shareholding of Wang Guimei and Xinjiang Shanglong accounts for 23.95% of the total shares, indicating a significant influence[102]. - The company has not undergone any changes in its controlling shareholder during the reporting period[105]. Cash Flow and Liquidity - Cash and cash equivalents increased from CNY 67,926,979.61 to CNY 103,089,716.83, representing a growth of about 51.9%[112]. - The net increase in cash and cash equivalents for the first half of 2025 was CNY 35,148,785.12, down from CNY 117,156,303.80 in the first half of 2024, a decline of 69.9%[127]. - Cash inflow from other investment activities was CNY 18,096,589.72 in the first half of 2025, significantly lower than CNY 85,000,000.00 in the first half of 2024, reflecting a decrease of 78.7%[127]. Compliance and Legal Matters - The semi-annual financial report has not been audited[77]. - The company received a warning and a fine of 5 million yuan for false records in the 2019 annual report[79]. - A senior executive was fined 1 million yuan for the same false records in the 2019 annual report[79]. - There were no significant litigation or arbitration matters during the reporting period[79]. Future Outlook and Strategy - The company plans to strengthen domestic market development and build a comprehensive food supply platform to capture new retail opportunities[56]. - The company is committed to ongoing research and development to innovate and stay competitive in the market[132]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[139].

Core Viewpoint - The apple futures sector experienced a decline of 0.41% on August 28, with Changcheng Electric leading the drop, while the Shanghai Composite Index rose by 1.14% and the Shenzhen Component Index increased by 2.25% [1] Group 1: Market Performance - The closing price for the apple futures sector stocks showed mixed results, with notable declines in Changcheng Electric by 5.09% and Honghui Fruits and Vegetables by 3.63% [1] - The trading volume for the apple futures sector was significant, with An Deli recording a volume of 16,700 and a transaction value of 83.63 million yuan [1] Group 2: Capital Flow - The apple futures sector saw a net outflow of 124 million yuan from main funds, while retail investors contributed a net inflow of 128 million yuan [1] - Detailed capital flow data indicated that ST Langyuan had a main fund net outflow of 7.92 million yuan, while retail investors contributed a net inflow of 4.97 million yuan [2]

Core Viewpoint - The apple futures sector experienced a slight increase of 0.67% on August 26, with Xinyangfeng leading the gains, while the Shanghai Composite Index fell by 0.39% and the Shenzhen Component Index rose by 0.26% [1] Group 1: Market Performance - The closing price for Xinyangfeng was 15.28, with a rise of 1.87% and a trading volume of 259,800 shares, amounting to a transaction value of 396 million yuan [1] - ST Langyuan closed at 5.93, up 1.19%, with a trading volume of 68,700 shares and a transaction value of 40.63 million yuan [1] - Changcheng Electric closed at 11.22, increasing by 0.63%, with a trading volume of 214,100 shares and a transaction value of 240 million yuan [1] - Guotou Zhonglu closed at 23.63, up 0.60%, with a trading volume of 123,100 shares and a transaction value of 288 million yuan [1] - Andeli closed at 51.57, with a slight increase of 0.10%, trading 21,500 shares for a value of 112 million yuan [1] - Honghui Fruit and Vegetable closed at 9.16, down 1.82%, with a trading volume of 226,000 shares and a transaction value of 208 million yuan [1] Group 2: Fund Flow Analysis - The apple futures sector saw a net outflow of 101 million yuan from main funds, while retail funds experienced a net inflow of 70.34 million yuan [1] - ST Langyuan had a main fund net outflow of 1.296 million yuan, with retail funds net inflow of 705,500 yuan [2] - Guotou Zhonglu experienced a main fund net outflow of 4.0656 million yuan, while retail funds saw a net inflow of 6.7819 million yuan [2] - Changcheng Electric had a main fund net outflow of 8.4861 million yuan, with retail funds net inflow of 10.3552 million yuan [2] - Andeli faced a main fund net outflow of 8.8520 million yuan, while retail funds had a net inflow of 13.4562 million yuan [2] - Xinyangfeng reported a main fund net outflow of 26.9647 million yuan, with retail funds net inflow of 486,800 yuan [2] - Honghui Fruit and Vegetable had a significant main fund net outflow of 51.3715 million yuan, while retail funds saw a net inflow of 39.5257 million yuan [2]

Group 1 - The agricultural processing sector increased by 1.24% on August 19, with Yichang Mohu leading the gains [1] - The Shanghai Composite Index closed at 3727.29, down 0.02%, while the Shenzhen Component Index closed at 11821.63, down 0.12% [1] - Key stocks in the agricultural processing sector showed significant gains, with Yichang Mohu rising by 5.23% and closing at 40.47 [1] Group 2 - Major stocks that declined included Zhongliang Technology, which fell by 2.04% to 6.25, and Guangnong Sugar Industry, down 1.36% to 7.96 [2] - The agricultural processing sector experienced a net outflow of 460 million yuan from institutional investors, while retail investors saw a net inflow of 507 million yuan [2][3] - The stock with the highest net inflow from retail investors was Yichang Mohu, with a net inflow of 1390.69 million yuan [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600737 | 中粮糖业 | 12.62 | 10.03% | 76.42万 | 9.50亿 | | 000911 | 广农糖业 | 7.85 | 2.35% | 26.59万 | 2.11亿 | | 000930 | 中粮科技 | 6.10 | 0.66% | 53.91万 | 3.33亿 | | 666000E | 全龙鱼 | 31.72 | 0.60% | 32.10万 | 10.28亿 | | 300268 | *ST佳沃 | 10.45 | 0.58% | 1.98万 | 2084.26万 | | 000972 | *ST中基 | 3.62 | 0.28% | 18.55万 | 6700.65万 | | 600191 | 华资实业 | 8.00 | 0.25% | 12.21万 | 9862.28万 | | 300138 | 晨光生物 | 13.60 | 0.15% | 8.47万 | 1.15 Z | | 605198 | 安德利 | ...

Group 1 - The agricultural processing sector increased by 0.98% on August 5, with *ST Zhongji leading the gains [1] - The Shanghai Composite Index closed at 3617.6, up 0.96%, while the Shenzhen Component Index closed at 11106.96, up 0.59% [1] - Key stocks in the agricultural processing sector showed various performance, with *ST Zhongji closing at 3.52, up 5.07% [1] Group 2 - The main funds in the agricultural processing sector experienced a net outflow of 9.60 million yuan, while retail investors saw a net inflow of 46.44 million yuan [2] - Individual stock performances varied, with *ST Zhongji showing a net inflow of 4.17 million yuan from retail investors [3] - The overall trading volume and turnover in the agricultural processing sector indicated active participation, with *ST Zhongji achieving a turnover of 1.22 billion yuan [1][2]

Core Viewpoint - The article highlights the increasing involvement of third-party entities in financial fraud within the A-share market, with regulatory bodies intensifying efforts to combat this issue and hold all parties accountable [3][4][6]. Group 1: Financial Fraud Cases - Approximately 30 companies in the A-share market have been penalized or are under investigation for financial fraud this year, with at least 7 of these cases involving third-party collaboration, accounting for 23% of the total [4][5]. - Notable companies involved in financial fraud with third-party assistance include *ST Suwu, *ST Hengjiu, *ST Guangdao, *ST Jingang, ST Langyuan, ST Zhiyun, and ST Zhongqingbao [4]. - The *ST Suwu case involved its subsidiaries engaging in non-substantive trade activities with multiple related companies, resulting in inflated revenue of 1.771 billion yuan and inflated profits of 76 million yuan from 2020 to 2023 [4]. Group 2: Characteristics of Third-Party Involvement - The trend of third-party collaboration in financial fraud has emerged as a new characteristic of capital market misconduct, driven by factors such as the need to evade regulatory scrutiny and the rise of professional "fraud accomplices" [6][13]. - The complexity of these fraud schemes often involves multiple independent parties, making it difficult for regulators to identify and address the underlying issues [13][14]. - The involvement of third parties creates a network of deceit that can lead to systemic risks and undermine market trust [8][9]. Group 3: Challenges for Auditors - Third-party collaboration in fraud poses significant challenges for external auditors, as these accomplices may manipulate various stages of the auditing process to conceal the true nature of transactions [9][10]. - The effectiveness of traditional audit procedures is compromised when companies and their accomplices coordinate their efforts to mislead auditors [10]. - The prevalence of third-party involvement in fraud is a key reason for the frequent failures of auditing standards and practices [10]. Group 4: Regulatory Response - The China Securities Regulatory Commission (CSRC) is actively exploring comprehensive measures to hold third-party accomplices accountable, including administrative, civil, and criminal penalties [11][12]. - The CSRC has begun to impose penalties on third-party entities involved in fraud, as seen in the case of Yuebo Power, where accomplices faced fines for their roles in the fraudulent activities [12]. - Future regulatory efforts will focus on dismantling the "ecosystem" of fraud by targeting both the primary perpetrators and their accomplices [12][15].

2024年年度股东大会决议公告 （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。） 证券代码：300175 证券简称：ST朗源 公告编号：2025-045 朗源股份有限公司 特别提示： （一）本次股东大会未出现否决议案的情形； （二）本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间 （1）现场会议召开时间：2025年5月29日（星期四）下午14：30。 （2）网络投票时间：2025年5月29日。其中，通过深圳证券交易所交易系统 进行网络投票的时间为2025年5月29日9:15-9:25，9:30-11:30，13:00-15:00； 通过深圳证券交易所互联网投票系统进行投票的时间为2025年5月29日9:15至15： 00的任意时间。 2、会议召开地点：山东省龙口高新技术产业园区朗源路299号公司三楼会议 室。 3、会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召 开。 4、会议召集人：朗源股份有限公司董事会。 5、会议主持人：董事长赵征先生。 本次会议的召集、召开符合《公司法》、《上 ...

国浩律师（上海）事务所 关 于 朗源股份有限公司 2024 年年度股东大会 之 见证法律意见书 上海市静安区山西北路 99 号苏河湾中心 25-28 层 邮编：200048 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5234 1670 网址/Website: http://www.grandall.com.cn 2025 年 5 月 国浩律师（上海）事务所 法律意见书 本所律师按照有关法律、法规的规定对公司 2024 年年度股东大会召集、召 开程序是否合法及是否符合《公司章程》、出席会议人员资格、召集人资格的合 法有效性和股东大会表决程序、表决结果的合法有效性发表法律意见。法律意见 书中不存在虚假、严重误导性陈述及重大遗漏，否则愿意承担相应的法律责任。 本所律师是根据对事实的了解和对法律的理解发表法律意见。 本法律意见书依据国家有关法律、法规的规定而出具。 本所律师同意将本法律意见书作为公司 2024 年年度股东大会的 ...

Group 1: Investor Relations Activities - The company participated in the "2025 Shandong Listed Companies Investor Online Reception Day" on May 15, 2025 [2] - The event was held on the "Panorama Roadshow" website [2] - Key personnel included the CFO Mr. Wang Tao, Board Secretary Ms. Li Chunli, and Securities Affairs Representative Ms. Zhang Yuting [2] Group 2: Shareholder and Management Queries - Morgan Stanley's current shareholding status in Langyuan will be disclosed in periodic reports [3] - The management will take further actions regarding the expiration of voting rights in October, adhering to regulatory disclosure obligations [3] - The company currently has no ongoing cooperation with New Oriental [3] Group 3: Financial Performance and Future Outlook - The company aims to turn a profit in 2025, with performance updates to be disclosed in future reports [3] - Export revenue accounted for 56.71% of total sales in 2024, primarily to Southeast Asia, South Asia, the Middle East, and Europe [3] - The voting rights delegation agreement signed on April 30, 2024, is valid for 18 months [3] Group 4: Strategic Planning and Corporate Actions - The company is considering strategic cooperation and asset integration to enhance competitiveness [4] - Future strategic arrangements and offline expansion plans will be detailed in the 2024 annual report [4] - All major corporate actions will comply with the regulations set by the securities regulatory authority and exchanges [4]