8月26日，杏仁露企业承德露露（000848）股份公司(简称"承德露露")交出了业绩下滑的半年报。作为 杏仁露行业的知名企业，承德露露近年来不断延伸产品线，寻求新的增长点。面对日益激烈的饮料行业 竞争，无糖茶、养生水等产品日渐火爆，承德露露也将目光投向这一领域，但目前尚未能成为企业的第 二增长点，杏仁露产品占比仍超过九成。与此同时，承德露露加大了宣传力度，营销费用呈现增长态 势。新任总经理已经上任，能否成功解决承德露露的单品依赖问题，将新品打造为爆款，扭转业绩颓 势，仍面临不小的考验。 承受业绩压力 根据财报显示，承德露露今年上半年实现营收13.84亿元，同比下降15.3%；净利润为2.58亿元，同比下 滑11.97%。承德露露半年报披露，公司上半年营收出现近五年来的首次下滑。2021年至2024年上半 年，其营收分别为13.6亿元、14.62亿元、14.94亿元、16.34亿元；归母净利润则连续两年下降，2024年 上半年同比减少6.8%，而今年半年报显示降幅进一步扩大。 根据财报显示，承德露露销售渠道主要包括：餐饮渠道、现代渠道(商超卖场等)、传统渠道、宴会、团 购、线上渠道等。其中主要以线下销售渠道为主 ...

齐鲁晚报·齐鲁壹点 李牧青 8月26日晚间，承德露露（000848.SZ）发布2025半年度报告，公司报告期内实现营业收入13.84亿元， 同比减少15.3%；归属于上市公司股东的净利润2.58亿元，同比减少11.97%。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 1, 384, 153, 996. 59 | 1.634.263.332.97 | -15. 30% | | 归属于上市公司股东的净利润(元) | 258, 394, 233, 92 | 293, 518, 266, 38 | -11. 97% | | 归属于上市公司股东的扣除非经常性 损益的净利润(元) | 258, 377, 876. 59 | 292, 615, 789, 12 | -11. 70% | | 经营活动产生的现金流量净额(元) | -29,725,085.50 | -46, 352, 910. 48 | 35. 87% | | 基本每股收益(元/股) | 0. 25 | 0. 28 | -10. 71% | | 稀释每股收益(元/股 ...

公司首次回购股份的时间、回购股份的数量、回购股份的价格及集中竞价交易的委托时段符合《深圳证 券交易所上市公司自律监管指引第9号一一回购股份》的相关规定，具体如下： 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 承德露露股份公司（以下简称"公司"）分别于2024年10月24日、2024年11月11日召开第八届董事会2024 年第四次临时会议及2024年第三次临时股东大会，审议通过了《关于回购部分社会公众股份方案的议 案》，同意使用公司自有资金或自筹资金，以集中竞价交易方式，以不超过人民币11.75元/股（含）的 价格回购本公司部分人民币普通股A股股份，回购的数量不低于3000万股（含）且不高于6000万股 （含），回购的资金额度不超过人民币70,500万元（含），具体回购数量及回购金额以回购期限届满或 回购实施完成时实际回购的数据为准。回购股份的期限为自公司2024年第三次临时股东大会审议通过本 次回购股份方案之日起12个月内。 上述内容具体详见公司分别于2024年10月25日、2024年11月15日在《中国证券报》《证券时报》《证券 日报》及巨潮资讯网（ww ...

General Provisions - The company establishes rules to ensure the lawful exercise of shareholder rights in accordance with the Company Law, Securities Law, and relevant regulations [1][2] - The company must strictly follow legal and regulatory requirements when convening shareholder meetings, ensuring that all shareholders can exercise their rights [1][2] - Shareholder meetings are categorized into annual and temporary meetings, with annual meetings held within six months after the end of the previous fiscal year [1][2] Shareholder Meeting Authority - The shareholder meeting is the company's authority body, responsible for electing and replacing directors, approving remuneration, and making decisions on significant asset transactions exceeding 30% of the company's audited total assets [2][3] - The meeting can authorize the board to make decisions regarding bond issuance [2][3] - Certain transactions, such as investments and asset sales, must be submitted for shareholder approval if they meet specified thresholds [2][4] Meeting Procedures - The board must convene the shareholder meeting within the stipulated timeframe and must notify shareholders accordingly [6][7] - Independent directors can propose temporary meetings, and the board must respond within ten days [6][7] - Shareholders holding more than 10% of shares can request a temporary meeting, and the board must respond within ten days [6][7] Proposals and Notifications - Proposals must fall within the authority of the shareholder meeting and be clearly defined [18][19] - Shareholders holding at least 1% of shares can submit temporary proposals ten days before the meeting [18][19] - Notifications for annual meetings must be sent at least 20 days in advance, while temporary meetings require a 15-day notice [19][20] Meeting Conduct - The shareholder meeting must be held at the company's registered location, and provisions must be made for remote participation [11][12] - All shareholders registered by the record date have the right to attend and vote [11][12] - The meeting must be presided over by the chairman or a designated director, and all proceedings must be recorded accurately [13][14] Voting and Resolutions - Each share carries one vote, and shareholders must express their opinions on proposals [16][17] - Voting results must be announced immediately after the meeting, and resolutions must be disclosed promptly [17][18] - The company must implement resolutions regarding profit distribution or capital increases within two months after the meeting [19][20] Legal Compliance - Any resolutions that violate laws or regulations are deemed invalid, and shareholders can request annulment within 60 days [20][21] - The company must fulfill its obligations to disclose information regarding any legal disputes related to shareholder resolutions [20][21]

Core Insights - The plant protein beverage market is experiencing intensified competition, leading to a "stronger differentiation" pattern among major companies [1][6] - Traditional plant protein beverages are facing challenges due to low daily consumption penetration and significant seasonal sales fluctuations [1][6] Company Performance - Yangyuan Beverage reported a revenue of approximately 6.058 billion yuan, a decrease of 1.69% year-on-year, but a net profit of about 1.722 billion yuan, an increase of 17.35% [3][4] - Weiweijia's revenue was approximately 3.656 billion yuan, down 9.4% year-on-year, while net profit increased by 96.26% to about 411 million yuan [3][4] - Chengde Lulux achieved a revenue of approximately 3.287 billion yuan, an increase of 11.26%, with a net profit of about 666 million yuan, up 4.41% [3][4] - Huanlejia's revenue was approximately 1.855 billion yuan, down 3.53%, and net profit decreased by 47.06% to about 147 million yuan [3][5] Market Trends - The plant protein beverage industry has seen significant growth, with market size reaching 142.8 billion yuan in 2023, reflecting a compound annual growth rate of 9.8% [6][9] - The market is characterized by a concentration of major players, with the top five companies holding only 58% of the market share, indicating structural opportunities [8][9] - There is a growing demand for healthier products with low sugar, high fiber, and organic certifications, which presents growth potential for the industry [9] Competitive Landscape - The industry is witnessing increased competition from new entrants and product homogeneity, necessitating diversified strategies for differentiation [8][9] - Major companies like Yangyuan Beverage and Chengde Lulux maintain significant market shares due to their established brands and distribution channels [8][9] - Analysts emphasize the importance of functional and refined operations to adapt to changing consumer preferences and market dynamics [6][9]