Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,389,968,358.62, representing a year-on-year increase of 14.22%[3] - Total profit for the quarter was ¥62,633,484.27, a significant increase of 330.75% compared to the same period last year[3] - Net profit attributable to shareholders was ¥42,967,940.21, reflecting a year-on-year growth of 214.67%[3] - The basic earnings per share for the quarter was ¥0.086, up 218.52% from the previous year[4] - The total profit for the year-to-date period reached ¥239,092,363.91, a growth of 117.95% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached ¥3,957,132,737.32, an increase of 10.1% compared to ¥3,594,396,768.27 in the same period of 2024[23] - Net profit for the first three quarters of 2025 was ¥175,938,062.26, compared to ¥85,042,506.93 in 2024, representing a significant increase of 106.7%[24] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.350, compared to ¥0.169 in the same period of 2024, indicating improved profitability per share[25] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,465,527,468.25, an increase of 9.64% from the end of the previous year[4] - As of September 30, 2025, the total assets of the company amounted to RMB 8,465,527,468.25, an increase from RMB 7,720,899,535.16 as of December 31, 2024, reflecting a growth of approximately 9.66%[18] - The company's total liabilities as of September 30, 2025, amounted to ¥3,843,458,329.23, an increase from ¥3,311,663,579.90 at the end of 2024[21] - The total equity attributable to shareholders reached ¥4,622,069,139.02 as of September 30, 2025, compared to ¥4,409,235,955.26 at the end of 2024[21] - The company's total non-current liabilities decreased to ¥940,112,530.40 as of September 30, 2025, from ¥1,164,582,478.31 at the end of 2024, reflecting a reduction in long-term debt[21] - The total liabilities as of September 30, 2025, amounted to CNY 5,293,279,337.49, an increase from CNY 4,278,932,546.10 as of December 31, 2024[32] - The total equity as of September 30, 2025, was CNY 3,831,927,003.21, compared to CNY 3,733,213,534.96 at the end of 2024, reflecting a growth of 2.6%[32] Cash Flow - The company's cash flow from operating activities for the first three quarters of 2025 showed a positive trend, indicating improved liquidity[27] - The cash inflow from operating activities for the first three quarters of 2025 reached ¥4,366,228,310.20, an increase of 8.69% compared to ¥4,017,032,130.63 in the same period of 2024[28] - The net cash flow from operating activities was ¥485,134,592.02, slightly up from ¥481,879,938.89 in the previous year, indicating stable operational performance[28] - The cash flow from operating activities for the first three quarters of 2025 was CNY 908,031,158.98, an increase of 35.3% compared to CNY 671,179,500.56 in the same period of 2024[37] Investments and Expenses - Research and development expenses for the first three quarters of 2025 were ¥34,571,996.69, slightly down from ¥36,379,572.93 in 2024, suggesting a focus on cost management[23] - The company incurred a financial expense of CNY 17,112,932.85 in the first three quarters of 2025, compared to CNY 13,117,478.30 in the same period of 2024, indicating a rise of 30.4%[35] - The company’s investment activities generated a net cash outflow of CNY 770,341,392.03 in the first three quarters of 2025, an improvement from a net outflow of CNY 1,295,895,555.70 in the same period of 2024[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,099[11] - The company holds a 10% equity stake in Jilin Zhiran Dairy Technology Co., Ltd., a subsidiary of the merger fund, which is part of its investment strategy[13] - The company has provided guarantees and collateral for a loan of RMB 700 million taken by Jilin Yaohua, indicating a commitment to support its subsidiaries[14] - The company has received commitments from key stakeholders to compensate for potential losses arising from guarantee obligations, ensuring financial protection[15]

证券代码：600882 证券简称：妙可蓝多 公告编号：2025-092 上海妙可蓝多食品科技股份有限公司 一、报告期主营业务相关经营情况 （一）产品类别 单位：万元 币种：人民币 | 产品类别 | 1-9月营业收入 | 7-9月营业收入 | | --- | --- | --- | | 奶酪 | 330,177.15 | 116,601.53 | | 贸易 | 36,001.29 | 13,040.28 | | 液态奶 | 27,441.01 | 8,714.71 | | 总计 | 393,619.46 | 138,356.51 | 注：上表中总计数与各行分项数据直接相加之和的尾数差异，系因四舍五入所致。 （二）销售渠道 单位：万元 币种：人民币 | 渠道 | 1-9月营业收入 | 7-9月营业收入 | | --- | --- | --- | | 经销 | 289,497.62 | 97,618.56 | | 直营 | 68,120.54 | 27,697.67 | | 贸易 | 36,001.29 | 13,040.28 | | 总计 | 393,619.46 | 138,356.51 | 2025 年第三季 ...

闲置自有资金及募集资金进行现金管理的公告 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。 重要内容提示： 基本情况 | 投资金额 | 22.00 亿元 | | --- | --- | | 投资种类 | 安全性高、满足保本要求、流动性好的产品 | | 资金来源 | 自有资金 | | 投资金额 | 14.80 亿元 | | 投资种类 | 安全性高、满足保本要求、流动性好的产品 | | 资金来源 | 募集资金 | 证券代码：600882 证券简称：妙可蓝多 公告编号：2025-094 已履行及拟履行的审议程序 上海妙可蓝多食品科技股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日召开第十二届董事会第十四次会议，审议通过《关于使用闲置自有资金及 募集资金进行现金管理的议案》，保荐机构东方证券股份有限公司（以下简称"东 方证券"）对使用闲置募集资金进行现金管理事项出具了无异议的核查意见，本 事项无需提交股东会审议。 上海妙可蓝多食品科技股份有限公司关于使用 （一）投资目的 1 为提高自有资金及募集资金使用效率，合理利用 ...

证券代码：600882 证券简称：妙可蓝多 公告编号：2025-093 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。 一、董事会会议召开情况 上海妙可蓝多食品科技股份有限公司 第十二届董事会第十四次会议决议公告 上海妙可蓝多食品科技股份有限公司（以下简称"公司"）已以电子邮件方 式向全体董事发出第十二届董事会第十四次会议通知和材料。会议于 2025 年 10 月 30 日以现场及通讯方式召开。本次会议应出席董事 9 人，实际出席 9 人。会 议由董事长陈易一先生主持。本次会议的通知、召开以及参会董事人数均符合《中 华人民共和国公司法》等相关法律、行政法规、部门规章、规范性文件和《上海 妙可蓝多食品科技股份有限公司章程》等有关规定，所形成的决议合法有效。 二、董事会会议审议情况 (一) 审议通过《关于公司<2025 年第三季度报告>的议案》 表决结果：9 票同意，0 票反对，0 票弃权。 本议案已经审计委员会审议通过，并同意提交董事会审议。 关 于 该 事 项 的 具 体 内 容 ， 详 见 公 司 同 日 于 上 海 证 券 ...

妙可蓝多公告，第三季度营收为13.9亿元，同比增长14.22%；净利润为4296.79万元，同比增长 214.67%。前三季度营收为39.57亿元，同比增长10.09%；净利润为1.76亿元，同比增长106.88%。 ...

Market Overview - The beverage and dairy sector experienced a decline of 0.54% on the trading day, with Junyao Health leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the beverage and dairy sector included: - Weiweijia (600300) with a closing price of 3.47, up 2.97% [1] - New Dairy (002946) at 17.01, up 2.47% [1] - Yili (600887) at 27.36, up 0.66% with a transaction volume of 621,200 shares and a transaction value of 1.702 billion [1] - Major decliners included: - Junyao Health (605388) at 7.13, down 3.52% [2] - Happy Home (300997) at 16.62, down 3.26% [2] - Beiyinmei (002570) at 6.28, down 2.64% with a transaction value of 305 million [2] Capital Flow - The beverage and dairy sector saw a net inflow of 193 million from institutional investors, while retail investors experienced a net outflow of 39.39 million [2] - The capital flow for key stocks showed: - Yili (600887) had a net inflow of 285 million from institutional investors, but a net outflow of 172 million from retail investors [3] - Chengde Lululemon (000848) had a net inflow of 42.62 million from institutional investors, with a net outflow of 5.37 million from retail investors [3] - Miao Ke Lan Duo (600882) had a net inflow of 20.36 million from institutional investors, but a significant net outflow of 29.61 million from retail investors [3]

Group 1 - The food and beverage sector experienced a decline on October 24, with the Food ETF (515710) closing down 1.13% after fluctuating near the surface at the opening [1] - Key stocks in the sector, particularly in the liquor category, saw significant drops, with Zhujiang Beer down 5.23%, and both Luzhou Laojiao and Shede Distillery falling over 4% [1] - The overall performance of the sector was negatively impacted by declines in several stocks, including Miaokelando and New Dairy, which dropped over 3% and 2% respectively [1] Group 2 - Guosen Securities noted that as the impact of second-quarter consumption policies weakens, the restaurant supply chain is gradually recovering, with positive signals from the supply side, such as frequent mergers among leading companies [2] - The food and beverage sector is currently at a low valuation, with the food ETF's price-to-earnings ratio at 20.49, which is at the 7.06% percentile of the past decade, indicating a favorable configuration opportunity [2] - Historical trends suggest that any changes in supply and demand could catalyze stock price increases, especially in the fourth quarter when macro policies are expected to be active [2] Group 3 - Future outlook indicates that the food and beverage industry will focus on growth, with beverage leaders maintaining structural prosperity driven by major products, while companies in food raw materials and health products are expected to see accelerated performance [3] - The white liquor industry is currently in a "low expectation, weak reality" state, with the third-quarter reports being a crucial observation window as external factors diminish and liquor companies adjust strategies [3] - There is a mixed performance in consumer goods, with snacks, beverages, and health products showing good demand, while traditional products like dairy and beer are experiencing flat demand [3] Group 4 - Major liquor brands such as Luzhou Laojiao and Yanghe have launched new products recently, indicating ongoing innovation in the sector [4] - Luzhou Laojiao's new product was launched on Douyin, while Yanghe's new offering was showcased during the Nanjing Autumn Sugar event [4] Group 5 - The Food ETF (515710) focuses on core assets in the food and beverage sector, with approximately 60% of its portfolio allocated to high-end and mid-range liquor leaders, and nearly 40% to leading stocks in beverages, dairy, and condiments [5] - The top ten weighted stocks in the ETF include well-known brands such as Moutai, Wuliangye, and Yili [5] - Investors can also access the core assets of the food and beverage sector through the Food ETF linked funds [5]

证券代码：600882 证券简称：妙可蓝多 公告编号：2025-091 上海妙可蓝多食品科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 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。 重要内容提示： 基本情况 （二）投资金额 | 投资金额 | 万元 2,000 | | --- | --- | | 投资种类 | 银行理财产品 | | 资金来源 | 募集资金 | 已履行的审议程序 上海妙可蓝多食品科技股份有限公司（以下简称"公司"、"妙可蓝多"）于 2024 年 11 月 18 日召开第十二届董事会第一次会议和第十二届监事会第一次 会议，审议通过《关于使用暂时闲置自有资金及募集资金进行现金管理的议 案》，公司监事会、保荐机构分别对相关事项发表了同意的意见，本事项无 需提交股东大会审议。 特别风险提示 公司本次购买的理财产品为保本浮动收益型，产品安全性高、流动性好、满 足保本要求，但不排除该项投资收益情况受到政策风险、市场风险、流动性 风险等风险的影响。 一、投资情况概述 （一）投资目的 为提高募集资金使用效率 ...

Core Viewpoint - The prevalence of smart advertising screens in elevators has transformed the advertising landscape, making it more intrusive and attention-grabbing, leading to a complex relationship where consumers feel both annoyed and captivated by the ads [1] Group 1 - The shift from traditional posters to smart advertising screens has increased the volume and frequency of advertisements, creating a more overwhelming experience for consumers [1] - Various brands, such as Miaokelan Duo and Talainis, are utilizing elevator advertising to maintain visibility and engagement with potential customers [1] - The effectiveness of elevator ads is highlighted by their ability to capture attention despite being perceived as annoying, indicating a unique dynamic in consumer engagement [1]

Group 1 - The food and beverage sector is experiencing a downturn, with the Food ETF (515710) down by 0.81% as of the latest report [1][2] - Key stocks in the sector, including Zhujiang Beer and Shede Liquor, have seen significant declines, with Zhujiang Beer dropping over 5% and several others falling more than 3% [1][3] - The overall market sentiment indicates a cautious outlook, with a focus on improving domestic consumption and investment as part of a broader economic strategy [1][3] Group 2 - Recent data shows a strong performance in the liquor industry, with Douyin's liquor sales up 58% month-on-month and JD's sales during the holiday period increasing by 109% year-on-year [3] - The white liquor sector is currently at a low valuation, with the Shennan White Liquor Index PE-TTM at a near 10-year low, suggesting potential for recovery [3][4] - The food and beverage sector is viewed as a good investment opportunity due to its low valuation, with the Food ETF's underlying index PE at 20.4 times, placing it in the lower 6.85% percentile over the past decade [3][4] Group 3 - Future outlook suggests that the white liquor sector is at a valuation bottom, with a recommendation to monitor Q3 earnings reports [4][5] - The food and beverage industry is expected to gradually improve, supported by macroeconomic policies and a recovering supply chain [5] - The Food ETF (515710) is highlighted as a core asset for investment, with a significant portion of its holdings in leading high-end liquor stocks and other beverage segments [5][6]