Core Viewpoint - The company intends to use part of its idle raised funds to temporarily supplement its working capital, ensuring that this does not affect the progress of its investment projects [1][5][6]. Summary of Fundraising Situation - The company raised a total of approximately 3.999 billion RMB through a non-public offering of up to 177,147,918 shares, with a net amount of about 3.995 billion RMB after deducting issuance costs [1]. - As of June 30, 2025, the company has utilized approximately 388.66 million RMB of the raised funds for various projects, including pig breeding and working capital supplementation [2]. Previous Use of Idle Funds - The company previously approved the temporary use of up to 110 million RMB of idle raised funds for working capital, with a usage period not exceeding 12 months [3][4]. Current Plan for Idle Funds - The company plans to use up to 110 million RMB of idle raised funds to temporarily supplement working capital, with the same 12-month usage period [4][5]. - The funds will only be used for operations related to the company's main business and will not affect the normal progress of investment projects [5][6]. Internal Decision-Making Process - The company held board and supervisory meetings on September 4, 2025, to approve the use of idle funds, ensuring compliance with relevant regulations [5][6]. Financial Efficiency and Cost Savings - By using idle funds for working capital, the company expects to save approximately 1.65 million RMB in financial costs, reducing reliance on bank loans [6].

上海光明肉业集团股份有限公司 2025 年半年度经营数据公告 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个别及连带责任。 根据上海证券交易所《上市公司自律监管指引第 3 号-行业信息披露》之第十 四号—食品制造》第十四条的相关规定，现将上海光明肉业集团股份有限公司(以 下简称"公司")2025 年半年度主要经营数据（未经审计）公告如下： 证券代码：600073 证券简称：光明肉业 公告编号： 2025-041 | 区域 | 2025 年 月 | 1-6 | 2024 年同期 | 同比变动 | | --- | --- | --- | --- | --- | | 中国地区 | 6,320,268,593.85 | | 6,659,755,315.98 | -5.10% | | 海外地区 | 5,749,340,038.24 | | 4,941,843,384.03 | 16.34% | | 合计 | 12,069,608,632.09 | | 11,601,598,700.01 | 4.03% | 二、报告期经销商变动情况 一、2025 ...

Core Insights - Tianyu Bio reported a closing price of 8.31 yuan on August 27, down 6.52% from the previous trading day [1] - The company has a total market capitalization of 2.41 billion yuan and a price-to-earnings ratio of 43.78 times [1] Business Overview - The company's main business segments include ecological agriculture and animal husbandry, ecological energy, and ecological environment, covering areas such as pig farming, distributed photovoltaic power stations, and landscape ecological engineering [1] - The company forecasts a net profit of 8 million to 12 million yuan for the first half of 2025, representing a year-on-year growth of 28.44% to 92.66% [1] Shareholder Changes - On August 26, the company announced a change in its actual controller, with the original co-controller Shi Dongwei retiring for personal reasons, leaving Luo Weiguo as the sole actual controller [1] Fundraising and Debt - The company disclosed a private placement plan to issue no more than 71.03 million shares to enterprises controlled by the actual controller, raising 465 million yuan for working capital and debt repayment [1] - As of the announcement date, the total amount of external guarantees provided by the company and its subsidiaries reached 1.116 billion yuan, accounting for 215.21% of the most recent audited net assets [1] Capital Flow - On August 27, the net outflow of main funds was 36.18 million yuan, representing 1.5% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 18.44 million yuan, accounting for 0.76% of the circulating market value [1]

Core Viewpoint - The company has achieved two-thirds of its cost reduction target of 600 yuan per head, with the breeding cost in April reaching 12.4 yuan per kg [1] Group 1 - The breeding cost for April is reported at 12.4 yuan per kg [1] - The company has set a cost target of an average of 12 yuan per kg for the year 2025 [1] - The current cost reduction target of 600 yuan per head has been achieved by two-thirds [1]