Core Viewpoint - The company *ST JIAWO expects a net loss of 390 million to 640 million yuan for the fiscal year 2025, primarily due to the continuous losses from its subsidiary Beijing Zhencheng [1] Group 1: Financial Performance - The company completed a significant asset restructuring on June 2025, which will impact its financial reporting [1] - According to the accounting standards, the income, expenses, and profits of Beijing Zhencheng from the beginning of the year until the disposal date will be included in the consolidated profit statement [1] - The report period includes the profit and loss of Beijing Zhencheng for the first half of 2025, but from the second half of 2025, this subsidiary will no longer be included in the consolidated financial statements, leading to a year-on-year decline in revenue [1] Group 2: Net Profit and Assets - The company anticipates a significant reduction in net losses, while also achieving a positive net asset position [1]

南财智讯1月26日电，*ST佳沃发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为亏 损39,000万元至64,000万元，即净亏损3.90亿元—6.40亿元；预计2025年全年归属于上市公司股东的扣除 非经常性损益的净利润为亏损37,000万元至63,000万元，即净亏损3.70亿元—6.30亿元。公司原子公司北 京臻诚近年来连续亏损，公司于2025年6月完成重大资产重组交割程序，依据《企业会计准则第33号一 合并财务报表》规定，将原子公司北京臻诚期初至处置日的收入、费用、利润纳入合并利润表，本报告 期包含原子公司北京臻诚2025年1-6月损益，自2025年下半年起原子公司北京臻诚不再纳入公司合并报 表，从而导致收入同比下降，净利润大幅减亏，同时实现了净资产转正。公司狭鳕鱼业务原料价格持续 飙升，市场对狭鳕鱼片产品消费需求虽有所回暖，但下游终端销售竞争激烈，公司的销售价格虽高于行 业平均水平，但相较成本上升仍面临较大销售压力，导致本报告期销售收入下滑，销售毛利率亦有所下 降。 ...

Financial Performance Expectations - The company expects a net loss of between 510 million and 820 million yuan for the fiscal year 2025, marking the first accounting year after the implementation of financial delisting risk warning[2]. - Total revenue is projected to be between 1.4 billion and 1.8 billion yuan, a decrease from 3.417 billion yuan in the previous year[3]. - The net profit attributable to shareholders is expected to decline by 982.72% to 1548.56% compared to the previous year, with a projected loss of 370 million to 630 million yuan[3]. - The company’s equity attributable to shareholders is projected to be between 215 million and 295 million yuan, a recovery from a negative equity of 442.75 million yuan at the end of the previous year[3]. Asset Management - The company has completed a significant asset sale, divesting 100% of its stake in Beijing Jiahua Zhencheng Technology Co., Ltd., which will impact future financial results[4]. Market Conditions - The company has faced rising raw material prices for its cod fish business, leading to increased sales pressure despite higher sales prices compared to industry averages[6]. Audit and Compliance - The company’s financial data for the performance forecast has not been audited by a registered accounting firm[5]. - The company has communicated with its auditing firm regarding the performance forecast, and there are no discrepancies between the two parties[5]. Delisting Risk - The company’s stock has been under "delisting risk warning" since March 14, 2025, and will face termination of listing risks if certain conditions are met[8]. - The specific data for the 2025 annual performance will be disclosed in the annual report scheduled for March 16, 2026[8].

佳沃食品股份有限公司 证券代码：300268 证券简称：*ST佳沃 公告编号：2026-003 佳沃食品股份有限公司 关于公司股票可能被终止上市的风险提示公告 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。 特别提示： 佳沃食品股份有限公司（以下简称"公司"）因2024年度经审计的期末净资 产为负，触及《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》"）第10.3.1条第一款第二项规定的退市风险警示情形，深圳证券交易所 对本公司股票交易实施"退市风险警示"。公司于2025年3月13日披露了《关于 公司股票交易将被实施退市风险警示并继续被实施其他风险警示暨股票停 牌的公告》（公告编号：2025-051），公司股票自2025年3月14日开市起被实 施"退市风险警示"及继续被实施"其他风险警示"。若公司出现《股票上 市规则》第10.3.11条规定的情形，公司股票存在被终止上市的风险。 根据《股票上市规则》第10.3.5条" 上市公司因触及第 10.3.1 条第一款第一项 至第三项情形，其股票交易被实施退市风险警示后，应当在其股票被实施退市风 险警示 ...

Core Viewpoint - The company *ST Jiawo (300268) is currently facing a delisting risk due to negative net assets as of the end of 2024, and the upcoming 2025 annual report will be crucial in determining its future status [1] Group 1 - The company will release its 2025 annual report on March 16, 2026, which will include audited financial data [1] - The negative net assets reported by the company as of the end of 2024 trigger delisting risk warnings under the Shenzhen Stock Exchange's rules [1] - After the release of the 2025 annual report, the company will assess its situation in accordance with relevant regulations to address the delisting risk [1]

佳沃食品股份有限公司 证券代码：300268 证券简称：*ST佳沃 公告编号：2026-001 佳沃食品股份有限公司 关于公司下属子公司互保并接受关联方担保的公告 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 2025 年 3 月 12 日，佳沃食品股份有限公司（以下简称"公司"或"佳沃食品"） 第五届董事会第十三次会议和第五届监事会第八次会议审议通过了《关于 2025 年度申请综合授信、融资额度及提供担保的议案》《关于 2025 年度接受关联方 提供担保暨关联交易的公告》，为提高向银行等金融机构申请综合授信额度及其 他非金融机构融资额度的效率，保证公司日常授信融资的顺利完成，同意公司对 子公司以及控股子公司之间预计提供不超过人民币 76 亿元担保（不包含已实施 的担保）；同时接受控股股东佳沃集团有限公司（以下简称"佳沃集团"）为公司 2025 年度授信融资提供不超过人民币 15 亿元的无偿担保，以上额度有效期自公 司 2024 年年度股东大会审议通过之日（即 2025 年 4 月 3 日）起至 2025 年年度 股东大会召开之日止。具体内 ...

Core Viewpoint - Jiawo Food announced the termination of the KB Food asset injection due to the inability to meet conditions for acquisition after divesting its loss-making salmon assets, leading to a negative net asset situation and a delisting risk warning for 2024 [1][4][10]. Group 1: Asset Injection and Financial Status - The asset injection of KB Food was deemed unfeasible, marking the failure of a long-planned project [2][11]. - Jiawo Food's high debt and tight cash flow prevented it from acquiring KB Food through cash means [2][12]. - The company extended the commitment from its controlling shareholder to December 31, 2025, to address competitive issues [2][12]. Group 2: Salmon Business and Financial Losses - The outbreak of the Russia-Ukraine conflict in early 2022 accelerated the rise in commodity prices, particularly for salmon feed, leading to increased costs and significant losses for Jiawo Food in 2022 and 2023 [3][12]. - The company faced a debt ratio of approximately 100% since 2022, with financial expenses rising to 439 million yuan in 2023 [3][12]. - The divestment of the salmon business significantly improved Jiawo Food's financial metrics, reducing the debt ratio from 104.92% to 12.56% and turning net assets positive [4][13]. Group 3: Future Business Outlook - Following the divestment, Jiawo Food's main business shifted to processing and selling products like cod and northern shrimp, with salmon revenue previously accounting for about 74% of total revenue [7][14]. - The company's revenue for 2024 is projected to shrink to 901 million yuan, with ongoing losses reported in the third quarter [7][14]. - The profitability of the new main products remains uncertain, as they have historically low margins and are subject to market demand fluctuations [7][14]. Group 4: Financial Pressure and Dependency - In the first three quarters of 2025, Jiawo Food reported a net cash outflow of 604 million yuan, with only 20.25 million yuan in cash on hand against current liabilities of 57.39 million yuan [8][15]. - The company has relied heavily on its major shareholder for financial support, including debt waivers and guarantees, to manage its liquidity issues [8][16]. - In 2023, Jiawo Food was warned of delisting due to negative net assets, with its parent company waiving approximately 1.8 billion yuan in debt to help stabilize the situation [8][16].

佳沃食品股份有限公司 证券代码：300268 证券简称：*ST佳沃 公告编号：2025-105 佳沃食品股份有限公司 关于控股股东承诺事项进展的公告 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、控股股东承诺事项的基本情况 佳沃食品股份有限公司（以下简称"公司"、"上市公司"）控股股东佳沃 集团有限公司（以下简称"佳沃集团"）于2023年12月5日出具了《关于延长本 公司承诺事项履行期限的函》，将佳沃集团在2020年3月6日出具的承诺函中关于 注入KB Food International Holding (Pte.) Limited（以下简称"KB Food"）资产 的履行期限延期2年至2025年12月31日，具体内容详见公司于2023年12月9日刊登 在巨潮资讯网上的《关于延长控股股东承诺事项履行期限的公告》（公告编号： 2023-098）。 二、控股股东承诺事项的进展情况 2025年下半年以来，公司董事会和管理团队在佳沃集团管理层的大力支持下， 全力以赴对佳沃集团全资持有的KB Food资产注入上市公司事宜进行了全面论 证和准备，并持续与各相关方沟 ...

Group 1 - The aquaculture sector experienced a decline on December 31, with *ST Jiawo dropping by 4.75%, Zhongshui Fishery decreasing by 1.6%, and Tongwei Co., Ltd. falling by 1.57% [1]

从资金流向上来看，当日农产品加工板块主力资金净流出1.25亿元，游资资金净流入960.72万元，散户资 金净流入1.16亿元。农产品加工板块个股资金流向见下表： 证券之星消息，12月25日农产品加工板块较上一交易日上涨0.07%，嘉华股份领涨。当日上证指数报收 于3959.62，上涨0.47%。深证成指报收于13531.41，上涨0.33%。农产品加工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) | | --- | --- | --- | --- | --- | --- | | 603182 | 嘉华股份 | 16.50 | 3.84% | 3.62万 | 5945.15万 | | 300175 | ST朗源 | 5.83 | 2.28% | 3.86万 | 2229.92万 | | 300268 | *ST佳沃 | 13.20 | 1.23% | 4 6446.0 | 848.59万 | | 000911 | 广农糖业 | 7.58 | 1.07% | 5.03万 | 3803.98万 | | 600737 | 中粮糖业 | 17.41 | 0.87% ...