弃购4个月后，龙大美食托管控股股东旗下五仓农牧股权

Core Viewpoint - Longda Food has signed a share custody agreement with its controlling shareholder, Lanrun Development, to manage the shares of its wholly-owned subsidiary, Wucang Agriculture and Animal Husbandry Group, to resolve competition issues in the pig farming sector [1] Group 1: Share Custody Agreement - The agreement allows Longda Food to provide management services for Wucang Agriculture without transferring asset ownership, thus not affecting the company's consolidated financial statements or operations significantly [1] - The main purpose of the agreement is to address the competition issue arising from the pig farming project between Longda Food and Lanrun Development [1] Group 2: Abandonment of Acquisition - This move comes just four months after Longda Food announced its decision to abandon the acquisition of Wucang Agriculture's shares due to the company's existing and planned farming capacity being sufficient to meet customer traceability demands [2] - Wucang Agriculture has a high debt ratio of 98.73%, with total short-term and long-term borrowings amounting to approximately 1.95 billion, while its cash reserves are only 3.89 million, indicating significant debt repayment risks [2] - Longda Food cited the need for substantial capital for upgrading and production asset investments as a reason for not proceeding with the acquisition, given the current industry environment and operational funding realities [2] Group 3: Financial Performance - Longda Food's Q3 2025 report shows a revenue of 7.625 billion, a year-on-year decrease of 4.85%, and a net loss attributable to shareholders of 183 million, a decline of 349.9% [3] - The company's net profit excluding non-recurring items also reported a loss of 189 million, down 368.21%, with a negative operating cash flow of 12.89 million, a decrease of 104.5% [3]