证券代码：300973 证券简称：立高食品 公告编号：2025-012 债券代码：123179 债券简称：立高转债 立高食品股份有限公司 关于可转换公司债券 2025 年付息的公告 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。 重要提示： 1、立高转债（债券代码：123179）将于 2025 年 3 月 7 日按面值支付第二年利息， 每 10 张"立高转债"（面值 1,000.00 元）利息为 4.00 元（含税）； 2、债权登记日：2025 年 3 月 6 日（星期四）； 3、除息日：2025 年 3 月 7 日（星期五）； 4、付息日：2025 年 3 月 7 日（星期五）； 5、本次付息期间及票面利率：计息期间为 2024 年 3 月 7 日至 2025 年 3 月 6 日，票 面利率为 0.40%； 6、本次付息的债权登记日为 2025 年 3 月 6 日，凡在 2025 年 3 月 6 日（含）前买入 并持有本期债券的投资者享有本次派发的利息，2025 年 3 月 6 日卖出本期债券的投资者 不享有本次派发的利息。在付息债权登记日前（包括付息债权登 ...

| 证券代码：300973 | 证券简称：立高食品 | 公告编号：2025-011 | | --- | --- | --- | | 债券代码：123179 | 债券简称：立高转债 | | 立高食品股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 立高食品股份有限公司（以下简称"公司"）于 2024 年 12 月 24 日召开第三届董事 会第十二次会议、2025 年 1 月 10 日召开 2025 年第一次临时股东大会，审议通过了《关 于变更公司经营地址、注册资本并修订〈公司章程〉的议案》，具体内容详见公司于 2024 年 12 月 26 日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于变更公司经营地址、 注册资本并修订〈公司章程〉的公告》（公告编号：2024-103）。 一、变更后的工商登记基本信息 近日，公司完成了工商变更登记手续和《公司章程》备案，并取得了由广州市市场 监督管理局换发的《营业执照》，相关登记信息如下： 二、备查文件 特此公告。 统一社会信用代码：914401 ...

| 证券代码：300973 | 证券简称：立高食品 | 公告编号：2025-010 | | --- | --- | --- | | 债券代码：123179 | 债券简称：立高转债 | | 立高食品股份有限公司 投资者咨询电话：020-36510920 转分机 8973 传真号码：020-36510920 转分机 8000 网址：www.ligaofoods.com 电子邮箱：dongmiban@ligaofoods.com 关于公司投资者咨询电话及传真号码变更的公告 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。 立高食品股份有限公司（以下简称"公司"）因总部搬迁至新址办公，通讯线路迁移 业务已于近日办理完毕，现将投资者咨询电话及传真号码变更情况公告如下： | 变更前 | 变更后 | | --- | --- | | 投资者咨询电话：020-36510920-882、 | 投资者咨询电话：020-36510920 转分机 8973 | | 8617683012097（临时） | | | | 传真号码：020-36510920 转分机 8000 | | 传真号码： ...

证券代码：300973 证券简称：立高食品 公告编号：2025-009 债券代码：123179 债券简称：立高转债 立高食品股份有限公司 关于公司为控股子公司提供担保的进展公告 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 立高食品股份有限公司（以下简称"立高食品"或"公司"）于2024年3月28日召开 第三届董事会第四次会议和第三届监事会第三次会议，审议通过了《关于公司及子公司 2024年度向银行申请综合授信额度并提供担保的议案》，同意公司为子公司向银行申请 的综合授信提供担保额度合计不超过人民币5亿元，担保方式包括但不限于质押担保、抵 押担保、保证担保或多种担保方式相结合等形式。具体内容详见公司于2024年3月28日在 巨潮资讯网（http://www.cninfo.com.cn）披露的《关于公司及子公司2024年度向银行申请 综合授信额度并提供担保的公告》（公告编号：2024-020）。 为满足生产经营和发展需要，广东立澳油脂有限公司（以下简称"广东立澳"）向中 信银行股份有限公司中山分行（以下简称"中信银行"）申请总额为人民币6,0 ...

Summary of the Conference Call for Ligao Foods Company Overview - The conference call discusses Ligao Foods, focusing on its performance, strategies, and market dynamics in the food industry, particularly in dairy and frozen baking products. Key Points Industry and Company Performance - The company achieved double-digit revenue growth in Q4, driven by early stocking for the Spring Festival and positive sales feedback for new products [2][3] - In January 2025, the supermarket channel outperformed the same period last year, attributed to the successful launch of three new products at the end of 2024 [3][4] - Overall sales performance from December to February should be compared year-on-year to assess the true impact of the Spring Festival peak season [2][4] Production Capacity and Utilization - The company aims for high capacity utilization in 2025, with the Foshan factory expected to reach a high level of utilization following its launch in 2024 [2][7] - The second new cream production line is targeted for full-load operation, potentially generating revenue of approximately 500 to 600 million yuan [2][8] Raw Material Management - Key raw material prices have been volatile, but the company has implemented rolling lock-in management to optimize gross margins [2][6] - A gradual decline in raw material prices is anticipated in 2025, with dairy products benefiting from stable pricing due to partnerships with domestic farms [2][6] Product Development and Market Strategy - The company plans to introduce more new cream products, with the 330 product currently in trial sales and undergoing improvements based on market feedback [2][8][9] - The focus for 2025 will be on resource allocation towards supermarket channel adjustments, including the establishment of dedicated teams for key accounts [2][10][11] Sales Channel Adjustments - The company is shifting resources from traditional distribution channels to new channel layouts, particularly in supermarkets, which may take time to yield significant revenue or profit increases [2][10] - The introduction of new products is concentrated around the Spring Festival, with several new items expected to contribute positively to sales [2][12] Competitive Landscape and Market Position - The adjustment in supermarket channels is expected to favor companies with strong comprehensive capabilities in frozen baking supply chains [2][13] - The company remains confident in its competitive position in the cream market, particularly with its 360 product, despite increasing competition [2][14] Future Capacity Expansion Plans - Future capacity expansions will focus on two frozen baking projects, with the headquarters base and the East China project (Henan Weihui factory) expected to commence production by the end of 2026 [2][15] - The company is actively exploring new sales channels, including partnerships with tea and ice cream chains, to break consumption ceilings [2][16] Raw Material Localization and Cost Management - Progress has been made in domestic substitution of certain raw materials, with some baking oils already being sourced locally [2][18] - The company aims to enhance the gross margin of fresh cream products through the introduction of new products and local raw material substitution [2][19] Conclusion - Ligao Foods is strategically positioning itself for growth in 2025 through product innovation, channel adjustments, and effective raw material management, while navigating a competitive landscape in the food industry.

| 证券代码：300973 | 证券简称：立高食品 | 公告编号：2025-008 | | --- | --- | --- | | 债券代码：123179 | 债券简称：立高转债 | | 立高食品股份有限公司 关于受让控股子公司少数股东部分股权暨关联交易的进展公告 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、本次交易的基本情况 三、备查文件 1、《准予变更登记（备案）通知书》； 2、《营业执照》。 特此公告。 立高食品股份有限公司 董事会 立高食品股份有限公司（以下简称"公司"）于 2022 年 6 月 22 日召开第二届董事 会第二十一次会议、第二届监事会第十九次会议审议通过《关于与关联方共同投资暨关 联交易的议案》，公司与董事长兼总经理彭裕辉先生、副董事长赵松涛先生、持股 5%以 上股东陈和军先生及自然人万建先生、袁向华先生、李国荣先生、冯正坤先生签署《油 脂业务板块投资协议书》，各方共同出资 5,000 万元（币种：人民币，以下同）在广州市 增城区设立广东立澳油脂有限公司（以下简称"广东立澳"），其中公司出资 3,350 万元， 认缴出资比例 6 ...

近日，公司收到股东宁宗峰先生出具的《关于减持计划实施完成的告知函》，截至本 公告披露日，上述减持计划已实施完毕。现将具体情况公告如下： 一、股东减持情况 | 股 | 减 | | | | | 减持均 | 减持股 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 东 | 持 | 减持股份来源 | 减持期间 | | 减持价格区 | 价（元/ | 数（万 | 减持比例 | | 名 | 方 | | | | 间（元/股） | 股） | 股） | （%） | | 称 | 式 | | | | | | | | | | 大 | 公司首次公开 | | | | | | | | | 宗 | 发行股票上市 | 2024 | 年 12 | 38.12 | 38.12 | 31 | 0.1860 | | | 交 | | 月 20 | 日 | | | | | | | 易 | 前持有的股份 | | | | | | | | 宁 | 集 | | 2024 | 年 11 | | | | | | 宗 | | 公司首次公开 | | | | | | | | | 中 | | 月 7 | ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5][12][14] Core Views - The company is expected to achieve a revenue of 3.77 to 3.93 billion yuan in 2024, representing a year-on-year growth of 7.74% to 12.31%. The net profit attributable to shareholders is projected to be between 265 to 285 million yuan, with a significant year-on-year increase of 262.88% to 290.27% [1][6] - The fourth quarter of 2024 is anticipated to show a revenue of 1.053 to 1.213 billion yuan, with a year-on-year growth of 14.9% to 32.3%, and a net profit of 61.89 to 81.89 million yuan, indicating a turnaround from losses [1][6] - The company's profitability is expected to recover, with a net profit margin of approximately 7.0% to 7.1% for 2024, and 5.9% to 6.4% for the fourth quarter [7] Summary by Sections Revenue and Profit Forecast - The company is projected to achieve total revenues of 3.82 billion yuan in 2024, 4.26 billion yuan in 2025, and 4.65 billion yuan in 2026, with respective year-on-year growth rates of 9.1%, 11.6%, and 9.1% [3][12] - The net profit attributable to shareholders is forecasted to be 270 million yuan in 2024, 311 million yuan in 2025, and 398 million yuan in 2026, with year-on-year growth rates of 269.1%, 15.6%, and 27.7% [3][12] Product and Channel Performance - The company has seen steady growth in its cream products, supported by the commissioning of a new factory and ramping up production capacity. The UHT cream segment alone generated over 300 million yuan in revenue in the first three quarters [2][6] - The company has actively adjusted its SKU strategy, leading to strong performance of new products in the supermarket channel during the fourth quarter [2][6] Financial Metrics - The expected earnings per share (EPS) for 2024, 2025, and 2026 are projected to be 1.59 yuan, 1.84 yuan, and 2.35 yuan, respectively [3][12] - The current price-to-earnings (PE) ratios for the upcoming years are 25.0 for 2024, 21.6 for 2025, and 16.9 for 2026 [3][12]

Investment Rating - The investment rating for the company is "Outperform the Market" [5][12][14] Core Views - The company is expected to achieve a revenue of 3.77 to 3.93 billion yuan in 2024, representing a year-on-year growth of 7.74% to 12.31%. The net profit attributable to shareholders is projected to be between 265 to 285 million yuan, with a significant year-on-year increase of 262.88% to 290.27% [1][6] - The fourth quarter of 2024 is anticipated to show a revenue of 1.053 to 1.213 billion yuan, with a year-on-year growth of 14.9% to 32.3%, and a net profit of 61.89 to 81.89 million yuan, indicating a turnaround from losses [1][6] - The company has benefited from stable growth in cream products, supported by the new factory's production ramp-up and strong performance in the supermarket channel for new products [2][6] Summary by Sections Financial Performance - The company forecasts a net profit margin of 7.0% to 7.1% for 2024, with the fourth quarter net profit margin expected to be 5.9% to 6.4%, showing a clear recovery in profitability [7] - The earnings per share (EPS) for 2024 is projected at 1.59 yuan, with corresponding price-to-earnings (PE) ratios of 25.0, 21.6, and 16.9 for 2024, 2025, and 2026 respectively [12][14] Revenue and Profit Forecast - The company has revised its revenue forecast for 2024-2026 to 38.2 billion yuan, 42.6 billion yuan, and 46.5 billion yuan, respectively, with year-on-year growth rates of 9.1%, 11.6%, and 9.1% [3][12] - The net profit forecast for the same period has been adjusted to 2.7 billion yuan, 3.1 billion yuan, and 4.0 billion yuan, reflecting year-on-year growth of 269.1%, 15.6%, and 27.7% [3][12] Market Position and Strategy - The company is focusing on optimizing its product SKU and enhancing its channel coverage, which has led to improved performance in the frozen baking food segment [2][6] - The reduction in share-based payment expenses and improved operational efficiency through budget management and cost control have contributed to the recovery in profitability [7]