智通财经APP讯，立高食品(300973.SZ)发布2025年三季度报告，该公司前三季度营业收入为31.45亿 元，同比增长15.73%。归属于上市公司股东的净利润为2.48亿元，同比增长22.03%。归属于上市公司股 东的扣除非经常性损益的净利润为2.42亿元，同比增长26.63%。基本每股收益为1.4864元。 ...

证券代码：300973 证券简称：立高食品 公告编号：2025-070 债券代码：123179 债券简称：立高转债 立高食品股份有限公司 3、会议召开的合法、合规性：公司于 2025 年 10 月 28 日召开第三届董事会第十八 次会议，审议通过《关于提请召开 2025 年第二次临时股东大会的议案》，本次股东大会 会议召集程序符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的有关 规定。 关于召开 2025 年第二次临时股东大会的通知 一、会议召开的基本情况 1、股东大会届次：2025 年第二次临时股东大会 2、会议召集人：董事会 4、会议召开时间： （1）现场会议时间：2025 年 11 月 13 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 13 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投 票的具体时间为 2025 年 11 月 13 日 9:15 至 15:00 的任意时间。 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：300973 | 证券简称：立高食品 | 公告编号：2025-068 | | --- | --- | --- | | 债券代码：123179 | 债券简称：立高转债 | | 立高食品股份有限公司 第三届监事会第十三次会议决议公告 本公司及监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。 一、监事会会议召开情况 立高食品股份有限公司（以下简称"公司"）第三届监事会第十三次会议于 2025 年 10 月 28 日以通讯形式召开，会议通知于 2025 年 10 月 22 日以书面、电话及邮件等形式 送达。监事会主席刘青珊女士主持会议，会议应出席监事 3 人，实际出席监事 3 人。本 次会议的召集和召开符合《公司法》《公司章程》《监事会议事规则》的有关规定，会议 决议合法、有效。 二、监事会会议审议情况 （一）审议通过《2025 年第三季度报告》 经审核，监事会认为：董事会对《2025 年第三季度报告》的编制和审核程序符合法 律、行政法规和深圳证券交易所的规定，报告内容真实、准确、完整地反映了公司的实 际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容 ...

| 证券代码：300973 | 证券简称：立高食品 | 公告编号：2025-067 | | --- | --- | --- | | 债券代码：123179 | 债券简称：立高转债 | | 立高食品股份有限公司 第三届董事会第十八次会议决议公告 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。 一、董事会会议召开情况 立高食品股份有限公司（以下简称"公司"）第三届董事会第十八次会议于 2025 年 10 月 28 日在公司会议室以现场结合通讯形式召开，会议通知于 2025 年 10 月 22 日以书 面、电话及邮件等形式送达。董事长彭裕辉先生主持会议，会议应出席董事 6 人，实际 出席董事 6 人。本次会议的召集和召开符合《中华人民共和国公司法》《公司章程》《董 事会议事规则》的有关规定，会议决议合法、有效。 表决结果：同意 6 票，反对 0 票，弃权 0 票，表决通过。 本议案已经公司第三届董事会审计委员会第十一次会议审议通过，并同意提交公司 董事会审议。 （二）审议通过《2025 年前三季度利润分配预案》 根据中国证监会鼓励上市公司现金分红及给予投资者稳定、合 ...

| 证券代码：300973 | 证券简称：立高食品 | 公告编号：2025-069 | | --- | --- | --- | | 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 2025 年前三季度利润分配预案的公告 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。 特别提示： 立高食品股份有限公司（以下简称"公司"）2025 年前三季度利润分配预案为：拟 以未来实施权益分派方案时股权登记日的总股本扣除公司回购专用账户股份后的股本为 基数，向全体股东每 10 股派发现金红利 2 元（含税）。本次不进行资本公积金转增股本 及派送股票股利。 一、审议程序 公司于 2025 年 10 月 28 日召开第三届董事会第十八次会议、第三届监事会第十三次 会议审议通过《2025 年前三季度利润分配预案》，本议案尚需提交公司 2025 年第二次临 时股东大会审议。 （一）董事会意见 公司召开第三届董事会第十八次会议，以同意 6 票、反对 0 票、弃权 0 票的表决结 果审议通过了《2025 年前三季度利润分配预案》。经审议，董事会认为：本次 ...

立高食品公告，第三季度营收为10.75亿元，同比增长14.82%；净利润为7707.93万元，同比增长 13.63%。前三季度营收为31.45亿元，同比增长15.73%；净利润为2.48亿元，同比增长22.03%。 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,074,532,810.59, representing a year-on-year increase of 14.82%[6] - Net profit attributable to shareholders for Q3 2025 was ¥77,079,293.92, up 13.63% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥75,981,400.07, reflecting a 14.17% increase year-on-year[6] - For the first three quarters of 2025, the company achieved a total revenue of ¥3,144,562,022.97, a growth of 15.73% year-on-year[11] - The net profit for the current period is CNY 242,277,300.67, an increase from CNY 200,384,970.56 in the previous period, representing a growth of approximately 20.9%[25] - The operating profit for the current period is CNY 298,829,390.96, up from CNY 244,277,505.35, reflecting a growth of approximately 22.3%[25] - The total comprehensive income for the current period is CNY 242,531,628.47, compared to CNY 200,382,381.09, showing an increase of about 21%[26] Revenue Breakdown - The revenue from frozen baked goods accounted for approximately 55% of total product revenue, with a year-on-year growth of nearly 10%[12] - The revenue from baking ingredients (cream, sauces, and other baking materials) represented about 45% of total product revenue, increasing by approximately 24% year-on-year[12] - Total revenue for the period reached CNY 3,144,562,022.97, an increase of 15.7% compared to CNY 2,717,264,207.79 in the previous period[24] - The total revenue from operating activities reached CNY 3,412,184,634.04, compared to CNY 2,948,628,935.82 in the prior year, indicating an increase of about 15.7%[27] Cash Flow and Assets - The company reported a cash flow from operating activities of ¥328,717,549.26 for the year-to-date, an increase of 33.15%[6] - Cash and cash equivalents at the end of the period were CNY 402,431,636.98, down from CNY 558,126,882.06 at the beginning of the period, representing a decrease of 27.9%[21] - The cash flow from operating activities generated a net amount of CNY 328,717,549.26, compared to CNY 246,881,175.05 in the previous period, which is an increase of approximately 33%[28] - The total cash and cash equivalents at the end of the period decreased to CNY 372,048,373.93 from CNY 763,347,926.06, a decline of about 51.2%[28] - The company reported a net cash outflow from investing activities of CNY 400,758,571.16, compared to a net outflow of CNY 444,752,306.73 in the previous period, showing a slight improvement[28] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥4,496,298,326.78, a 2.69% increase from the end of the previous year[6] - Total assets as of September 30, 2025, were CNY 4,496,298,326.78, compared to CNY 4,378,432,550.59 at the beginning of the period, indicating an increase of 2.7%[23] - Total liabilities decreased to CNY 1,788,909,800.24 from CNY 1,802,411,041.30, a reduction of 0.7%[23] - The company's equity attributable to shareholders rose to CNY 2,700,510,203.64 from CNY 2,563,794,380.08, reflecting an increase of 5.3%[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,074[16] - The top three shareholders hold a combined 33.57% of the company's shares[17] Expenses and Financial Management - Total operating costs amounted to CNY 2,841,665,068.03, up from CNY 2,474,389,308.26, reflecting a year-over-year increase of 14.8%[24] - Financial expenses rose by 132.75% to CNY 16,038,836.02, mainly due to a decrease in the capitalization ratio of convertible bond interest expenses[14] - The company incurred financial expenses of CNY 16,038,836.02, which is significantly higher than CNY 6,891,021.80 from the previous period, indicating an increase of approximately 132.9%[25] - The company's tax expenses increased to CNY 55,004,784.79 from CNY 43,159,770.80, reflecting an increase of approximately 27.4%[25] Future Plans - The company plans to continue expanding its market presence by actively exploring new channel customers and deepening relationships with existing clients[12] - The company plans to continue expanding its market presence and investing in new product development[20] - As of September 30, 2025, the company had 9,499,501 convertible bonds remaining, with a total face value of CNY 949,950,100[20] Other Financial Metrics - Accounts receivable increased to CNY 367,333,060.24 from CNY 283,097,363.87, marking a growth of 29.8%[22] - Inventory decreased slightly to CNY 378,075,639.05 from CNY 380,042,226.09, a decline of 0.5%[22] - Minority shareholder equity decreased by 43.75% to CNY 6,878,322.90, mainly due to losses from non-wholly-owned subsidiaries[14] - Employee compensation payable decreased by 40.52% to CNY 47,824,296.38, primarily due to bonus payments made in the current period[14] - Long-term borrowings increased by 64.64% to CNY 83,160,000.00, mainly due to an increase in bank loans[14] - Notes payable doubled to CNY 11,000,000.00, mainly due to an increase in issued notes[14] - The construction in progress increased by 62.65% to CNY 572,583,347.64, primarily due to increased investment in the headquarters base project[14]

Investment Rating - The report maintains a "Recommended" rating for the food and beverage industry [1]. Core Insights - The "14th Five-Year Plan" has shifted focus towards enhancing domestic demand and domestic circulation, emphasizing the need for a balance between supply and demand [3]. - New consumption trends are expected to continue driving excess returns, particularly in new channels and product categories [3]. - The report highlights the potential benefits for dairy products and the restaurant supply chain due to policy stimuli aimed at boosting consumption [3]. - The report anticipates a gradual recovery in the dairy market, with milk prices expected to rise moderately due to improved supply-demand dynamics [3]. - Investment suggestions include focusing on companies with strong performance in new consumption directions, such as Dongpeng Beverage and Angel Yeast, as well as cyclical stocks with low valuations [3]. Summary by Sections Industry Overview - The report discusses the upgraded focus on domestic demand and the relationship between supply and demand in the context of the "14th Five-Year Plan" [3]. - It emphasizes the importance of new consumption trends and channels, such as instant retail and health-oriented products [3]. Key Areas of Focus - The dairy sector is highlighted as a key area benefiting from potential birth rate policies and consumer demand for dairy products [3]. - The restaurant supply chain is expected to see a boost from government consumption vouchers and ongoing support measures [3]. Investment Recommendations - The report suggests monitoring quarterly performance reports, particularly for companies aligned with new consumption trends [3]. - It identifies specific stocks to watch, including those with solid fundamentals and those in cyclical sectors that may benefit from improving market conditions [3].

立高食品股份有限公司 章 程 广东 广州 二〇二五年十月 | | | 公司系由广东立高食品有限公司依法以整体变更方式发起设立，在广州市市场 监督管理局注册登记，取得营业执照，统一社会信用代码为 91440183721959625P。 第三条 公司于 2021 年 2 月 9 日经中国证券监督管理委员会（以下称"中国 证监会"）以《关于同意立高食品股份有限公司首次公开发行股票注册的批复》 （证监许可[2021]489 号）文核准，首次向社会公众发行人民币普通股 42,340,000 股，于 2021 年 4 月 15 日在深圳证券交易所（以下称"深交所"）上市。 第四条 公司注册名称：立高食品股份有限公司。 公司英文名称：Ligao Foods Co., Ltd. 第五条 公司住所：广州市增城石滩镇工业园平岭工业区。 经营地址：广州市增城区石滩镇兴石一路 3 号。 立高食品股份有限公司章程 第一章 总 则 第一条 为维护立高食品股份有限公司（以下称"公司"或"本公司"）、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 ...

立高食品股份有限公司 第二条 公司应当严格按照法律、行政法规、规章、规范性文件以及《公司 章程》的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当 勤勉尽责，确保股东会正常召开和依法行使职权。 股东会议事规则 广东 广州 二〇二五年十月 | | | 立高食品股份有限公司股东会议事规则 立高食品股份有限公司 股东会议事规则 第一章 总 则 第一条 为规范立高食品股份有限公司（以下称"公司"或"本公司"）的 行为，保证股东会依法行使职权，根据《中华人民共和国公司法》（以下称《公 司法》）、《中华人民共和国证券法》（以下简称《证券法》）《上市公司治理准则》 《上市公司章程指引》《上市公司股东会规则》《深圳证券交易所创业板股票上市 规则》及其他法律、法规、规章、规范性文件，以及《立高食品股份有限公司章 程》（以下简称《公司章程》）的有关规定，并结合本公司实际，特制订本规则。 第三条 股东会是公司的权力机构，股东会应当在《公司法》《公司章程》、 本规则规定的范围内行使职权。 第四条 股东会应根据有关法律、法规、规章、规范性文件的相关规定，按 照谨慎授权原 ...