（一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会《关于核准莲花控股股份有限公司非公开发行股 票的批复》（证监许可[2020]3345 号）核准，公司以非公开发行股票的方式向特 定投资者发行人民币普通股（A 股）股票 413,977,186 股，每股发行价格为人民 币 2.40 元，募集资金总额为人民币 993,545,246.40 元，扣除含税承销商承销费用 人民币 17,387,041.81 元，实际募集资金净额为人民币 976,158,204.59 元。上述资 金已全部到位，经中兴财光华会计师事务所（特殊普通合伙）审验并出具了《验 资报告》（中兴财光华审验字（2021）第 215004 号）。 证券代码：600186 证券简称：莲花控股 公告编号：2025-063 莲花控股股份有限公司 关于2025年上半年度募集资金存放与使用情况的专 项报告 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《上市公司募集资金监管规则》《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》等相关规定，将莲花控股股份 ...

Core Viewpoint - Lianhua Holdings has announced a significant increase in net profit for the first half of 2025, projecting a year-on-year growth of over 50%, yet has not issued any dividends despite strong performance [1][2]. Group 1: Financial Performance - For the first half of 2025, Lianhua Holdings expects a net profit between 160 million to 170 million yuan, representing a year-on-year increase of 58.67% to 68.59% [2]. - The company achieved a net profit of 130 million yuan in 2023, marking a year-on-year growth of 181.26%, and 203 million yuan in 2024, with a growth of 55.92% [2]. - The revenue for 2023 was 2.101 billion yuan, up 24.23%, and for 2024, it was 2.646 billion yuan, an increase of 25.98% [2]. Group 2: Product Development and Strategy - The high growth in 2025 is attributed to the successful development and sales of new products, with several new offerings like Matsutake Fresh and Premium Brewed Soy Sauce seeing revenue growth exceeding 100% [2]. - Lianhua Holdings underwent significant strategic changes post-restructuring in 2019, focusing on governance, credit repair, strategic restructuring, and product innovation [3]. - The company launched a "Brand Revival Strategy" in 2022, emphasizing youthfulness, digitalization, internationalization, and innovation [3]. Group 3: Stock Performance - Following its restructuring, Lianhua Holdings' stock price has seen substantial growth, with a peak increase of over six times from its lowest point in 2019 [4]. - The stock price reached a high of 8.24 yuan in 2023, with a dynamic price-to-earnings ratio exceeding 160 times [4]. - As of July 11, 2025, the closing price was 6.23 yuan, with a dynamic P/E ratio of 43.94 times [4]. Group 4: Dividend Policy - Lianhua Holdings has only issued cash dividends once since its listing in 1998, in 2001, and has not distributed dividends since its restructuring in 2019 [6][7]. - The company's retained earnings have remained negative since 2010, with a deficit of 1.32 billion yuan in 2010 and worsening to 1.176 billion yuan by 2024 [6][7]. - The company's dividend policy stipulates that dividends can only be distributed if there are positive retained earnings, making short-term dividends unlikely [7].