Core Viewpoint - The dairy sector has shown a positive performance with a 1.67% increase, ranking fifth among concept sectors, driven by significant gains in stocks like Knight Dairy, Pinwo Food, and Keta Bio [1][2]. Group 1: Market Performance - As of May 15, the dairy concept sector rose by 1.67%, with 27 stocks increasing in value [1]. - Leading gainers included Knight Dairy (+7.03%), Pinwo Food (+6.61%), and Keta Bio (+6.25%) [1]. - The sector experienced a net inflow of 199 million yuan, with 18 stocks receiving net inflows, and 8 stocks exceeding 10 million yuan in net inflow [2]. Group 2: Key Stocks and Fund Flow - Yili Group led the net inflow with 97.81 million yuan, followed by Panda Dairy (45.28 million yuan), Pinwo Food (34.40 million yuan), and Miaokelando (33.50 million yuan) [2]. - The top three stocks by net inflow ratio were Panda Dairy (11.31%), New Agricultural Development (10.95%), and Yili Group (8.64%) [3]. - The trading turnover rates for key stocks included Panda Dairy (11.57%), Pinwo Food (20.55%), and Miaokelando (3.82%) [3][4].

出席本次年度业绩说明会的人员有：公司董事长兼总经理王牧先生、公司董 事、副总经理、董事会秘书兼财务总监朱国辉先生、公司独立董事马颖女士（如 遇特殊情况，参会人员可能进行调整）。 为充分尊重投资者、提升交流的针对性，现就公司 2024 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 5 月 21 日（星期三）15:00 前访问 http://ir.p5w.net/zj/，进入问题征集专题页面。 公司将在 2024 年度业绩说明会上，在信息披露允许范围内对投资者普遍关注的 问题进行回答。 欢迎广大投资者积极参与本次网上业绩说明会。 证券代码：300892 证券简称：品渥食品 公告编号：2025-019 品渥食品股份有限公司 特此公告。 关于举行2024年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 品渥食品股份有限公司（以下简称"公司"）已于 2025 年 4 月 18 日在巨潮 资讯网（http://www.cninfo.com.cn）上披露了《2024 年年度报告》及摘要。为便 于广大投 ...

乳业板块午后拉升，品渥食品（300892）、骑士乳业涨超9%，熊猫乳品（300898）涨超5%，西部牧业 （300106）、贝因美（002570）跟涨。 ...

Core Insights - The company reported a significant decline in revenue for 2024, with total revenue at 876 million yuan, a year-on-year decrease of 21.98%, continuing a downward trend since 2022. However, it achieved a net profit of 6.9884 million yuan, recovering from a loss of 73.3708 million yuan in 2023 [1][2][4] Group 1: Brand Performance - The core brands, "DeYa" and "Valentine," experienced substantial revenue declines, with DeYa's dairy business revenue dropping nearly 25%, significantly impacting overall revenue. Valentine beer also saw a revenue decrease of 2.96% due to competition from craft and domestic premium beers [2][4] - The second growth curve brands, such as "Henry Grains" and "Pinli Olive Oil," also faced slowing growth rates [2] Group 2: Channel Dynamics - The company's revenue structure heavily relied on online sales, which accounted for 65.18% of total revenue but saw a year-on-year decline of 22.75%, exceeding the industry average. The decline reflects challenges in adapting to new e-commerce trends and increased competition from emerging channels [3] - Offline revenue, making up 34.75% of total revenue, also fell by 20.56%, particularly in supermarket systems, as consumer foot traffic decreased post-pandemic and price sensitivity for imported goods increased [3] Group 3: Industry Trends - The overall imported food industry is facing a downturn, with a 9.7% year-on-year decrease in dairy product imports in 2024. This decline is driven by the rise of domestic alternatives, increased supply chain risks, and changing consumer preferences [4] - Domestic brands like Yili and Mengniu have improved their quality and marketing, diminishing the perceived value of imported products. The price gap between DeYa's long-life milk and Yili's premium products has narrowed from 30% in 2019 to 12% in 2024 [4] - The company must find a balance between "premiumization" and "cost-effectiveness" to navigate the current market challenges, as highlighted in their annual report [4]

Group 1 - The article highlights the recent poor performance of several companies' earnings reports, including Kunlun Wanwei with a loss of 1.595 billion, TCL Zhonghuan with a loss of 9.818 billion, and others like Yongyou Network and 360 with losses of 736 million and 273 million respectively [1] - The article discusses the potential for the electric power sector to gain attention if the consumer sector adjusts, suggesting that low-position electric power stocks could be worth monitoring [4][10] - It mentions the importance of low-buy opportunities in the electric power sector, particularly focusing on stocks like JiuZhou and Pinwo [6][10] Group 2 - The article expresses skepticism about the profitability of cross-border trade stocks, despite a favorable view on the concept due to challenges in US-China trade [3] - It identifies key stocks in the cross-border trade sector, including Tianyuan, Dongbei, and Ningbo LH, but notes their poor performance [3] - The article emphasizes the need for careful stock selection in the consumer sector, particularly in light of recent adjustments in leading stocks [1][12] Group 3 - The electric power sector is noted for its recent strength, with specific companies like Leshan, Huayin, and Xichang showing significant gains [9] - The article suggests that the upcoming summer peak in electricity demand could benefit these companies, as they are involved in various forms of power generation [9] - It highlights the importance of monitoring the performance of leading consumer stocks and their impact on market trends [1][12]

数据四舍五入，查看更多财务数据>> 三、分红送配方案情况 二、前10名无限售条件股东持股情况 本次公司不分配不转赠。 前十大流通股东累计持有： 3558.79万股，累计占流通股比： 55.12%，较上期变化： -28.72万股。 一、主要会计数据和财务指标 | 名称 持有数量(万股) | | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 吴柏赓 | 1422.23 | 22.03 | 不变 | | 王牧 | 1125.00 | 17.42 | 不变 | | 上海熹利企业管理中心(有限合伙) | 520.54 | 8.06 | -4.46 | | 宋奇峰 | 271.20 | 4.20 | -4.20 | | 高盛国际-自有资金 | 79.15 | 1.23 | 9.75 | | 徐松莉 | 56.25 | 0.87 | 不变 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 26.54 | 0.41 | 新进 | | J. P. Morgan Securities PLC-自有资金 | 2 ...

Financial Performance - The company's revenue for Q1 2025 was ¥176,511,908.71, a decrease of 15.10% compared to ¥207,897,567.00 in the same period last year[5] - Net profit attributable to shareholders was ¥5,904,365.00, representing a significant increase of 231.40% from a loss of ¥4,493,570.16 in the previous year[5] - Basic earnings per share increased to ¥0.06, up 250.00% from -¥0.04 in the previous year[5] - Net profit for the period was ¥5,904,365.00, compared to a net loss of ¥4,493,570.16 in the previous period, marking a significant turnaround[20] - The company reported a profit before tax of ¥8,146,925.66, compared to a loss before tax of ¥5,073,271.50 in the previous period[20] - The company recorded a total comprehensive income of ¥6,287,380.40, compared to a total comprehensive loss of ¥5,896,066.50 in the previous period[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥28,442,342.37, a decline of 161.54% compared to ¥46,219,229.42 in the same period last year[5] - Operating cash flow turned negative at -¥28,442,342.37, compared to a positive cash flow of ¥46,219,229.42 in the prior year[22] - Cash and cash equivalents decreased from CNY 368,405,846.10 to CNY 314,510,890.06, a decline of approximately 14.6%[16] - Cash and cash equivalents at the end of the period decreased to ¥240,298,709.03 from ¥285,921,548.83, a decline of approximately 16%[23] - Investment activities resulted in a net cash outflow of -¥23,607,052.29, compared to -¥10,419,498.23 in the prior year[22] - Financing activities generated a net cash outflow of -¥3,174,971.03, compared to -¥13,744,189.52 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,275,410,103.65, a decrease of 3.50% from ¥1,321,694,918.20 at the end of the previous year[5] - The company's total current assets decreased to CNY 772,104,241.88 from CNY 824,074,234.71, representing a reduction of about 6.3%[16] - The company's total liabilities decreased from CNY 274,053,998.57 to CNY 221,481,803.62, a reduction of about 19.1%[17] - Accounts payable decreased significantly from CNY 169,600,357.67 to CNY 130,701,114.47, a decline of about 23%[17] - The company reported a decrease in inventory from CNY 200,946,183.92 to CNY 194,238,452.78, a reduction of approximately 3.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,381, with the largest shareholder holding 45.00% of the shares[12] - The company has a share repurchase account holding 996,252 shares, representing 1% of total shares as of March 31, 2025[14] Expenses - Sales expenses decreased by 48.93% to ¥22,013,442.92 from ¥43,103,654.39 in the previous year, primarily due to the allocation of customs agency fees to procurement costs[10] - Research and development expenses decreased by 34.21% to ¥160,891.10 from ¥244,551.86 in the previous year, indicating reduced investment in R&D[10] - The company reported a significant increase in income tax expenses to ¥2,242,560.66, up 486.85% from a tax benefit of -¥579,701.34 in the previous year, reflecting improved profitability[10] Equity - The company's equity attributable to shareholders increased by 0.60% to ¥1,053,928,300.03 from ¥1,047,640,919.63 at the end of the previous year[5] - The total equity attributable to the owners of the parent company increased to CNY 1,053,928,300.03 from CNY 1,047,640,919.63, reflecting a growth of approximately 0.6%[18] - The company’s retained earnings increased from CNY 339,568,720.52 to CNY 345,473,085.52, an increase of approximately 1.3%[18] Operating Costs - Total operating costs decreased to ¥169,558,519.95 from ¥216,890,881.15, a reduction of about 22% year-over-year[19]

Shareholding Reduction Announcements - MEI TUNG (CHINA) LIMITED plans to reduce its shareholding in Helen Zhe by up to 22.09 million shares, representing 2.12% of the total share capital after excluding repurchased shares [1] - Shandong Railway Development Fund plans to reduce its shareholding in Century Rui Er by up to 17.55 million shares, representing 3% of the total share capital [1] - Wu Baigeng plans to reduce his shareholding in Pinwo Food by up to 2.97 million shares, representing 3% of the total share capital [1] - Huayuan International Land Port Group plans to reduce its shareholding in Phoenix Shipping by up to 30.36 million shares, representing 3% of the total share capital [3] Financial Performance Reports - United Chemical reported a revenue of 535 million yuan for 2024, a year-on-year increase of 24.80%, and a net profit of 56.43 million yuan, up 66.81% [5] - Huitong Technology achieved a revenue of 662 million yuan, a year-on-year increase of 11.84%, and a net profit of 108 million yuan, up 9.30% [7] - Guangji Pharmaceutical reported a revenue of 639 million yuan, a year-on-year decrease of 13.42%, and a net loss of 295 million yuan [8] - Anshuo Information achieved a revenue of 990 million yuan, a year-on-year increase of 11.53%, and a net profit of 15.09 million yuan, up 132.78% [9] - Yifan Pharmaceutical reported a revenue of 5.16 billion yuan, a year-on-year increase of 26.84%, and a net profit of 386 million yuan, up 170.04% [10] - Hongri Pharmaceutical reported a revenue of 5.78 billion yuan, a year-on-year decrease of 5.34%, and a net profit of 21.47 million yuan, down 95.76% [11] - Zhonglan Environmental reported a revenue of 646 million yuan, a year-on-year decrease of 22.75%, and a net profit of 13.10 million yuan, down 36.12% [13] - Feilu Co. reported a revenue of 518 million yuan, a year-on-year decrease of 37.16%, and a net loss of 140 million yuan [14] - China Great Wall reported a revenue of 14.20 billion yuan, a year-on-year increase of 5.83%, and a net loss of 1.48 billion yuan [15] - Nanshan A reported a revenue of 15.45 billion yuan, a year-on-year decrease of 15.06%, and a net profit of 267 million yuan, down 83.89% [16] - Yawen Co. reported a revenue of 2.06 billion yuan, a year-on-year increase of 6.70%, and a net profit of 75 million yuan, down 24.13% [17] - Jinlong Co. reported a revenue of 663 million yuan, a year-on-year increase of 245.16%, and a net loss of 89.23 million yuan [18] - Nanshan Holdings reported a revenue of 8.40 billion yuan, a year-on-year decrease of 30.35%, and a net loss of 1.77 billion yuan [20] - Hengfeng Information reported a revenue of 227 million yuan, a year-on-year decrease of 53.07%, and a net loss of 86.80 million yuan [21] - Wantong Technology reported a revenue of 1.21 billion yuan, a year-on-year increase of 19.58%, and a net profit of 36.92 million yuan, up 147.08% [22] - Kehua Bio reported a revenue of 1.76 billion yuan, a year-on-year decrease of 27.55%, and a net loss of 641 million yuan [23] - Dongfang Tower reported a revenue of 4.20 billion yuan, a year-on-year increase of 4.79%, and a net profit of 564 million yuan, down 10.97% [24] - Yanpai Co. reported a revenue of 785 million yuan, a year-on-year increase of 8.75%, and a net profit of 42.18 million yuan, down 35.72% [25] - Yongli Co. reported a revenue of 2.24 billion yuan, a year-on-year increase of 10.69%, and a net profit of 22.30 million yuan, down 40.73% [26]

减持目的与承诺履行 品渥食品近日发布一则股东减持计划预披露公告，持股5%以上股东吴柏赓计划在特定时间内减持公司 部分股份。这一举动引发市场关注，究竟是何原因促使股东减持，对公司又将产生何种影响？ 减持计划详情 截至公告披露日，吴柏赓持有品渥食品14,222,300股，占公司总股本比例14.37%（总股本按剔除公司回 购专用账户中的股份数量996,252股计算）。他计划在减持计划公告之日起15个交易日后的3个月内，即 2025年5月22日至2025年8月21日，通过集中竞价交易、大宗交易方式减持公司股份合计不超过2,970,111 股，即不超过公司总股本的3% 。 其中，通过集中竞价交易方式减持时，在任意连续90个自然日内减持股份的总数不超过公司股份总数的 1%。减持价格将根据减持时的二级市场价格及交易方式确定。若计划减持期间公司有送股、配股、资 本公积金转增股本等除权除息事项，减持数量将相应调整，减持比例保持不变。 虽然吴柏赓此次减持计划符合相关法律法规要求，但仍存在一定不确定性。他将根据市场情况、公司股 价情况等决定是否实施本次股份减持计划，减持时间、减持价格等实施细节存在变数。 从对公司影响来看，尽管公告 ...

证券代码：300892 证券简称：品渥食品 公告编号：2025-017 品渥食品股份有限公司 关于持股5%以上的股东股份减持计划的预披露公告 公司股东吴柏赓保证向本公司提供的信息内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 特别提示： 截至本公告披露日，品渥食品股份有限公司（以下简称"公司"）股东吴柏 赓先生持有公司股份 14,222,300 股，占公司总股本比例 14.37%（总股本按剔除 公司回购专用账户中的股份数量 996,252 股计算，下同），计划在本减持计划公 告之日起 15 个交易日后的 3 个月内通过集中竞价交易、大宗交易方式减持公司 股份合计不超过 2,970,111 股，即不超过公司总股本的 3%。 公司于近期收到公司持股 5%以上的股东吴柏赓先生的减持计划告知函，现 将有关情况公告如下： 一、股东的基本情况 2、持股情况：截至本公告披露日，吴柏赓先生持有公司股份 14,222,300 股， 占公司总股本比例 14.37%。 二、本次减持计划的主要内容 1、减持目的：股东自身资金需求。 2、股份来源：公 ...