Core Viewpoint - The certification of "Xinjiang Quality" for the tomato sauce products by COFCO Tunhe Urumqi Tomato Products Co., Ltd. marks a significant milestone in the quality upgrade of the Urumqi tomato industry, establishing the company as the first in Urumqi to receive this certification [1][2]. Group 1: Certification and Standards - "Xinjiang Quality" is a regional public brand aimed at promoting industrial upgrades in Xinjiang, establishing a high-standard certification system that evaluates various aspects including environmental conditions, production safety, and social responsibility [1]. - The certification is based on the "Xinjiang Quality" technical specifications for tomato sauce, which impose strict requirements on tomato cultivation, processing procedures, and physicochemical indicators, reflecting a commitment to green safety principles [1]. Group 2: Company Profile and Production Capacity - COFCO Tunhe Urumqi Tomato Products Co., Ltd. is part of COFCO Tunhe Group, specializing in the processing and sales of tomato sauce [1]. - The company has achieved ISO 9001 quality system certification and HACCP food safety management system certification, demonstrating its focus on quality and innovation across multiple product categories [1]. - The production line has a daily processing capacity of 5,500 tons of fresh tomatoes, with an annual production capacity of 45,000 tons, and its products are exported both domestically and internationally [1]. Group 3: Market Implications and Future Plans - The certification is viewed as a prestigious honor and a significant responsibility for the company, serving as a "golden business card" for entering broader markets [2]. - The company plans to increase research and development investments and maintain strict quality control, aiming to shift consumer demand from merely "sufficient food" to "good and healthy food" [2]. - The Urumqi Market Supervision Bureau emphasizes the importance of promoting high-standard, high-quality products through the "Xinjiang Quality" certification, which is expected to inspire other local food and manufacturing enterprises to enhance their competitiveness [2].

Core Viewpoint - The company is facing significant financial challenges, including negative profits and net assets, which may lead to delisting risks from the Shenzhen Stock Exchange if not addressed [2][3]. Financial Performance - The company's total revenue for the reporting period was approximately 244.93 million yuan, a slight decrease of 0.08% compared to the previous year [5]. - The net profit attributable to shareholders was a loss of approximately 74.70 million yuan, compared to a profit of 11.80 million yuan in the same period last year [5]. - The company's total assets decreased by 20.62% to approximately 1.38 billion yuan, while net assets attributable to shareholders were negative at approximately -102.07 million yuan [5]. Business Operations - The company is involved in the production and international trade of large-pack tomato sauce, which has seen a decline in export value by approximately 40% year-on-year [8]. - The domestic market for tomato products has been growing at an average annual rate of 13% over the past three years, driven by increasing health awareness among consumers [8]. - The company has a significant geographical advantage in Xinjiang, which is a key area for tomato cultivation and processing [8]. Competitive Advantages - The company benefits from a strong resource base in Xinjiang, which is recognized as one of the world's best regions for tomato cultivation [8]. - The company has established an innovation mechanism that combines production, learning, and research, leading to the development of new products and technologies [7][8]. Risk Factors - The company is currently under a pre-restructuring process due to its inability to repay debts, which poses a risk of bankruptcy if the restructuring fails [3][10]. - The company plans to not distribute cash dividends or issue new shares, indicating a focus on financial recovery [3][10].

Group 1 - The company is providing guarantees for the loan extensions of its wholly-owned subsidiary and its subordinate holding companies to Manas Rural Commercial Bank [2][6][10] - The total amount of loans requiring extension is 13,550 million RMB, with a one-year extension period and interest settlement method adjusted to "interest paid with principal" or other methods [2][6] - The company has provided a total of 56,499.96 million RMB in guarantees to its subsidiaries, which accounts for -2064.45% of the audited net assets for 2024 and 32.48% of the audited total assets for 2024 [6][22] Group 2 - The company’s wholly-owned subsidiary, Xinjiang Zhongji Red Tomato Industry Co., Ltd., has applied for a loan of 9,500 million RMB for tomato raw material procurement, with a current loan balance of 5,850 million RMB [2][3] - The company’s other subsidiary, Tianyi Branch, has applied for a loan of 20,000 million RMB, with a current loan balance of 7,700 million RMB [2][5] - The company’s subsidiaries have asset-liability ratios exceeding 70% [6][23] Group 3 - The company’s board of directors has approved the guarantee proposals, which will be submitted to the shareholders' meeting for review [7][14][20] - The company is planning to hold the fourth temporary shareholders' meeting on September 9, 2025, to discuss various proposals [26][30] - The meeting will allow shareholders to vote both in person and online, ensuring compliance with relevant laws and regulations [26][30]