SJFW(SH:600616) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-06-20 22:59Core Viewpoint - The announcement details the change in related party transactions for Shanghai Jinfeng Wine Industry Co., Ltd. for the year 2025, specifically the transition of the related party from Mingyue Quansheng Wine Development Co., Ltd. to Guangming Wine Industry (Shanghai) Co., Ltd. due to business adjustments within the controlling shareholder's supply chain management company [2][12]. Group 1: Change in Related Party Transactions - The company approved a daily related party transaction limit of up to 40 million yuan with Mingyue Quansheng at the 2024 annual shareholders' meeting [2][11]. - Due to business adjustments, the related party for transactions will change from Mingyue Quansheng to Guangming Wine Industry effective July 1, 2025, while the transaction amount and content remain unchanged [2][12]. - The board meeting on June 20, 2025, confirmed the change, with independent directors reviewing and approving the transaction, ensuring no harm to the company's interests or those of minority shareholders [3][8]. Group 2: Financial and Operational Details - Guangming Wine Industry was established on February 7, 2012, with a registered capital of 13 million yuan, fully owned by the controlling shareholder, the Shanghai Sugar and Wine Group [5]. - In 2024, Guangming Wine Industry reported revenue of 751,123.89 yuan and a total profit of 6,991.64 yuan, with total assets of 390,401.3 yuan and total liabilities of 9,201,243.06 yuan, resulting in a negative net asset of -8,810,841.76 yuan [5]. - The company maintains a strong ability to fulfill obligations and is not listed as a dishonest executor, indicating a stable operational capacity for the upcoming transactions [6]. Group 3: Transaction Terms and Impact - The main products sold to Guangming Wine Industry include the core brands Shikumen, Hejiu, and Jinsenianghua, with pricing based on distributor costs and general commercial terms [7]. - The change in related party does not affect the company's independence or its main business operations, ensuring that the company does not become dependent on the related party for its operations [8].