证券代码：600882 证券简称：妙可蓝多 公告编号：2026-006 上海妙可蓝多食品科技股份有限公司 关于部分股票期权注销完成的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据上海妙可蓝多食品科技股份有限公司（以下简称"公司"）2020 年第 五次临时股东大会以及 2025 年第一次临时股东大会授权，公司于 2026 年 1 月 21 日召开第十二届董事会第十八次会议，审议通过了《关于拟注销部分股票期 权的议案》。 公司已向中国证券登记结算有限责任公司上海分公司（以下简称"中登公司"） 提交注销上述股票期权的申请，经中登公司审核确认，上述 170.40 万份股票期 权注销事宜已于 2026 年 1 月 22 日办理完毕。本次股票期权注销不会对公司股本 造成影响。 特此公告。 1 上海妙可蓝多食品科技股份有限公司董事会 2026 年 1 月 23 日 2 因公司《2020 年股票期权与限制性股票激励计划（修订稿）》（以下简称 "《2020 年激励计划》"）中第一个行权期可行权的 153.90 万份股票期权到期 失效 ...

妙可蓝多公告称，根据股东大会授权，公司于2026年1月召开会议，审议通过注销部分股票期权议案。 因《2020年激励计划》中153.90万份股票期权到期失效未行权，《2025年激励计划》中5名激励对象离 职对应16.50万份股票期权，公司决定注销。已向中登公司提交申请，170.40万份股票期权注销事宜于 2026年办理完毕，不会对公司股本造成影响。 ...

Market Overview - The beverage and dairy sector increased by 0.46% on January 22, with Zhuangyuan Pasture leading the gains [1] - The Shanghai Composite Index closed at 4122.58, up 0.14%, while the Shenzhen Component Index closed at 14327.05, up 0.5% [1] Stock Performance - Zhuangyuan Pasture (002910) closed at 12.30, up 4.33% with a trading volume of 135,800 shares and a turnover of 165 million yuan [1] - Li Ziyuan (605337) closed at 12.38, up 2.82% with a trading volume of 74,600 shares and a turnover of 91.08 million yuan [1] - Weiwei Co. (600300) closed at 3.79, up 2.71% with a trading volume of 680,500 shares and a turnover of 255 million yuan [1] - Panda Dairy (300898) closed at 29.23, up 2.24% with a trading volume of 67,800 shares and a turnover of 198 million yuan [1] - Dongpeng Beverage (605499) closed at 256.17, up 2.02% with a trading volume of 34,700 shares and a turnover of 886 million yuan [1] - New Dairy (002946) closed at 19.45, up 1.94% with a trading volume of 65,500 shares and a turnover of 127 million yuan [1] - Sanyuan Foods (600429) closed at 5.40, up 1.69% with a trading volume of 341,700 shares and a turnover of 184 million yuan [1] - Tianrun Dairy (600419) closed at 10.29, up 1.58% with a trading volume of 59,900 shares and a turnover of 6.11 million yuan [1] - Western Pasture (300106) closed at 11.22, up 1.45% with a trading volume of 72,200 shares and a turnover of 80.58 million yuan [1] - Huanlejia (300997) closed at 24.24, up 1.42% with a trading volume of 98,700 shares and a turnover of 239 million yuan [1] Capital Flow - The beverage and dairy sector saw a net inflow of 267 million yuan from main funds, while retail funds experienced a net outflow of 59.87 million yuan [2] - Major stocks like Yili Co. (600887) had a significant net outflow of 1.39 billion yuan from retail investors, indicating a negative sentiment [3] - Dongpeng Beverage (605499) had a net inflow of 37.5 million yuan from main funds, while retail investors showed a net outflow of 56.19 million yuan [3] - Weiwei Co. (600300) experienced a net inflow of 34.84 million yuan from main funds, with retail investors also showing a net outflow of 22.32 million yuan [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 上海妙可蓝多食品科技股份有限公司（以下简称"公司"）于2026年1月21日召开第十二届董事会第十八 次会议，审议通过了《关于拟注销部分股票期权的议案》。因公司《2020年股票期权与限制性股票激励 计划（修订稿）》（以下简称"《2020年激励计划》"）中第一个行权期可行权153.90万份期权到期失效 前未行权，以及《2025年股票期权激励计划》（以下简称"《2025年激励计划》"）中5名激励对象已离 职（对应16.50万份股票期权），根据《中华人民共和国公司法》《上市公司股权激励管理办法》（以 下简称"《管理办法》"）等有关法律法规及《2020年激励计划》和《2025年激励计划》等相关规定，公 司拟对上述股票期权分别予以注销。现对有关事项说明如下： 一、《2020年激励计划》的决策程序与信息披露 （一）2020年11月17日，公司第十届董事会第二十三次会议审议通过《关于〈上海妙可蓝多食品科技股 份有限公司2020年股票期权与限制性股 ...

1 月 21 日，第一财经、应帆科技正式发布 "2025 中国消费品牌智能创新大调查 " 研究成果，重 磅首发 《 2025 中国消费品牌智能创新白皮书》 ，并同步揭晓 " Growth50·2025 中国消费年度 智能创新领导品牌 " 及各项代表案例，全景式展现中国创新消费新潮。上海广播电视台（上海文广 集团）副台长、副总裁，第一财经党委书记、董事长，应帆科技董事长李蓉表示， " 当前，千行百 业都已进入 ' 智能驱动 ' 阶段，本次大调查为消费品牌的智能创新提供切实的参照系与行动指南， 是第一财经消费生态圈建设的关键举措。 " 2025 中国消费品牌 智能创新大调查 Growth50-2025 中国消费 年度智能创新领导品牌 注:按首字母排序 安克创新 A 安琪 霸王茶姬 B 珀菜雅 波司登 回望过去几年，消费市场数度变迁。应帆科技旗下第一财经商业数据中心（ CBNData ）作为消费 领域的长期观察者，已连续四年发起 " 中国消费品牌增长力大调查 " ，从新消费元年的 " 看长 " 到震荡时期的 " 向真 " ，从不确定环境下的 " 应变 " 到审视初衷的 " 塑心 " ，持续探寻中国消费 的发展脉络。 ...

证券代码：600882 证券简称：妙可蓝多 公告编号：2026-005 上海妙可蓝多食品科技股份有限公司 关于拟注销部分股票期权的公告 上海妙可蓝多食品科技股份有限公司（以下简称"公司"）于 2026 年 1 月 21 日召开第十二届董事会第十八次会议，审议通过了《关于拟注销部分股票期 权的议案》。因公司《2020 年股票期权与限制性股票激励计划（修订稿）》（以 下简称"《2020 年激励计划》"）中第一个行权期可行权 153.90 万份期权到期 失效前未行权，以及《2025 年股票期权激励计划》（以下简称"《2025 年激励 计划》"）中 5 名激励对象已离职（对应 16.50 万份股票期权），根据《中华人 民共和国公司法》《上市公司股权激励管理办法》（以下简称"《管理办法》"） 等有关法律法规及《2020 年激励计划》和《2025 年激励计划》等相关规定，公 司拟对上述股票期权分别予以注销。现对有关事项说明如下： 一、《2020 年激励计划》的决策程序与信息披露 （一）2020 年 11 月 17 日，公司第十届董事会第二十三次会议审议通过《关 于<上海妙可蓝多食品科技股份有限公司 2020 年股票期权与 ...

上海市锦天城律师事务所 关于上海妙可蓝多食品科技股份有限公司 2020 年股票期权与限制性股票激励计划、2025 年股票期权 激励计划注销部分股票期权的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于上海妙可蓝多食品科技股份有限公司 2020 年股票期权与限制性股票激励计划、2025 年股票期权激励 计划注销部分股票期权的法律意见书 致：上海妙可蓝多食品科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海妙可蓝多食品科 技股份有限公司（以下简称"公司"或"妙可蓝多"）的委托，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"《证券法》"）、中国证券监督管理委员会（以下简称"中国证 监会"）发布的《上市公司股权激励管理办法》（以下简称"《管理办法》"） 等法律、行政法规、部门规章及其他规范性文件和《上海妙可蓝多食品科技股 份有限公司章程》（以下简称"《公司章程》"） ...

Core Viewpoint - The report highlights a slight decline in the number of enterprises in the liquor, beverage, and refined tea manufacturing industry in China, indicating a potential contraction in the market [1]. Industry Overview - As of January-November 2025, the number of enterprises in the liquor, beverage, and refined tea manufacturing sector is 5,965, which is a decrease of 65 compared to the same period last year, representing a year-on-year decline of 1.08% [1]. - This sector accounts for 1.13% of the total industrial enterprises in China [1]. Company Insights - The report mentions several listed companies in the beverage industry, including Chengde Lolo (000848), Sunshine Dairy (001318), Huangshi Group (002329), and others, indicating a diverse competitive landscape [1]. - The data suggests that the beverage industry may face challenges, as indicated by the reduction in the number of enterprises, which could impact the performance of the listed companies mentioned [1].

Investment Rating - The report indicates that the dairy industry is in a critical phase of supply-demand rebalancing, with a recommendation for cautious investment due to the current market dynamics [3]. Core Insights - The dairy industry in China is experiencing a significant supply surplus in the upstream raw milk market, leading to continuous price declines and necessitating capacity adjustments [3][20]. - The competition landscape has become highly concentrated, with a few large enterprises dominating the market, particularly Yili, which holds a substantial market share [12][20]. - Recent policies aim to support the industry through financial assistance, encourage deep processing, and enhance product quality, shifting the competitive focus from scale expansion to quality and technological advancement [15][20]. Industry Overview - In the first three quarters of 2025, China's dairy industry faced a supply surplus, with raw milk production at 29.21 million tons, a year-on-year increase of 0.7% [5]. - Dairy product output declined by 0.5% to 21.98 million tons, reflecting a mismatch between production capacity and market demand [7][10]. - The average price of raw milk fell to 3.37 yuan per kilogram, a decrease of 12.69% year-on-year, driven by both supply and demand factors [8][9]. Competitive Landscape - The dairy market is characterized by a few national leaders, with Yili's revenue of 90.56 billion yuan accounting for 66.9% of the top ten companies' total revenue [12][14]. - The overall growth rate for the top ten companies was only 0.98%, indicating a low growth phase for the industry [13]. - Some mid-sized companies, such as Miaokelando and Sanyuan, achieved growth rates exceeding 10% through differentiated strategies [13]. Policy Developments - A series of policies introduced in 2025 aim to alleviate industry pressures and promote high-quality development, including financial support and encouragement for deep processing [15][18]. - The implementation of new food safety standards mandates the use of fresh raw milk for producing "pure milk," enhancing product quality and stabilizing upstream demand [16][18]. - Temporary anti-subsidy measures on EU dairy products are intended to protect domestic high-value products and create a favorable environment for local enterprises [17][18].

Investment Rating - The report maintains a "Recommendation" rating for the food and beverage industry, indicating an expected increase in the industry index exceeding the benchmark index by more than 5% in the next 3-6 months [26]. Core Insights - The traditional consumer leaders in the food and beverage sector are exploring new paths, with initial positive results observed. The report highlights the acceleration of white liquor clearance and the catalyzing effect of the peak season for mass-market products [1][13]. - The liquor industry is currently at the bottom of its cycle, with expectations for sales to stabilize over the next three years. The report notes a significant price drop in high-end whiskey (approximately 50%) and a smaller decline in brandy (10-20%) due to decreased demand and a return to reasonable pricing [10]. - In the mass-market segment, companies are actively adjusting strategies, leading to improved performance. Notable companies include Xianle Health, which is leveraging overseas expansion and AI to drive growth, and West Wheat, which is enhancing its competitive advantage through channel expansion [11][12]. Summary by Sections 1. Meeting Feedback: Liquor at Cycle Bottom, Mass-Market Highlights - Liquor is at a cyclical low, with future sales expected to stabilize. The domestic brandy market remains stable, dominated by three major brands [10]. - The mass-market segment shows a divergence in demand, with companies like Xianle and West Wheat continuing to grow, while traditional companies are adjusting to improve performance [11]. 2. Investment Recommendations: Strengthening White Liquor Bottom, Catalyzing Mass-Market Peak Season - The report recommends Moutai and emphasizes the importance of Gujing, anticipating a recovery in demand as the Spring Festival approaches. The report suggests that companies are transitioning from passive responses to proactive adjustments [13]. - In the mass-market segment, the report highlights Anqi as a key recommendation, along with opportunities in restaurant supply chains and snack sectors as the Spring Festival approaches [13].