证券代码：000929 证券简称：*ST 兰黄 公告编号：2026-005 兰州黄河企业股份有限公司 关于公司产能整合暨控股子公司产能转移的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 特别提示： 本次兰州黄河企业股份有限公司（以下简称"公司"）产能整合，系 为优化生产布局、提升运营效率而实施的战略调整。公司的控股子公司兰 州黄河嘉酿啤酒有限公司（以下简称"兰州嘉酿"）的产能和生产任务由 公司其他具备充足产能的生产基地承接，不会对公司产品交付、市场销售 及客户合作产生重大影响。 兰州嘉酿工厂生产线已连续运行多年，目前面临设备老化、生产成本 较高、产能利用率偏低等问题。为充分整合公司内部生产资源、降低运营 成本、维护股东利益，公司决定将兰州嘉酿的产能转移至其他生产基地。 现将相关情况公告如下： 二、涉及控股子公司基本情况 名称：兰州黄河嘉酿啤酒有限公司 成立日期：2004 年 10 月 18 日 一、公司产能整合及兰州嘉酿产能转移的原因及安排 兰州嘉酿成立于 2004 年，主要从事啤酒、饮料的生产与销售。工厂 生产线已连续运行多年，虽经维护，但目前仍面临 ...

证券代码：000929 证券简称：*ST 兰黄 公告编号：2026-004 兰州黄河企业股份有限公司 关于股票可能被终止上市的第二次风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 特别提示： 1. 兰州黄河企业股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日披露了《2024 年年度报告》（公告编号：2025-2），公司 2024 年度 利润总额、净利润、扣除非经常性损益后的净利润三者均为负值，且扣除 后的营业收入低于 3 亿元。根据《深圳证券交易所股票上市规则》（以下 简称《上市规则》）第 9.3.1 条"上市公司出现下列情形之一的，本所对 其股票交易实施退市风险警示：（一）最近一个会计年度经审计的利润总 额、净利润、扣除非经常性损益后的净利润三者孰低为负值，且扣除后的 营业收入低于 3 亿元"的规定，公司于同日披露了《关于公司股票交易被 实施退市风险警示暨停牌的公告》（公告编号：2025（临）-38），公司 股票于 2025 年 4 月 30 日开市起被实施退市风险警示。若公司 2025 年度 出现《上市规则》第 9.3.12 ...

Group 1 - Gujing Gongjiu announced a mid-term dividend of 10 RMB per 10 shares, totaling 528 million RMB, consistent with last year's dividend, to be implemented on February 10 [1] - The total mid-term dividends for leading liquor companies, including Gujing Gongjiu, Kweichow Moutai, Wuliangye, and Luzhou Laojiao, will exceed 42.5 billion RMB [4] - Investors are questioning the sustainability of dividends from liquor stocks due to last year's overall performance decline in the sector [4] Group 2 - Kweichow Moutai's dividend rate is expected to be no less than 75% of its net profit for 2025, while Wuliangye and Luzhou Laojiao's rates are set at 70% [5] - The cash balances of major liquor companies as of Q3 2025 show sufficient funds for dividend commitments, particularly for Wuliangye and Luzhou Laojiao [6] - The competitive landscape and declining performance may lead to a slight reduction in total dividends for the six major liquor companies in 2025 [5] Group 3 - The liquor industry is responding to regulatory calls for increased dividends to attract investors, particularly among companies with strong profitability but slower growth [4] - Other liquor companies like Shanxi Fenjiu and Yanghe have yet to announce their mid-term dividends for 2025, despite previous years' timely disclosures [4] - The overall dividend landscape in the liquor sector is under scrutiny as companies adjust their dividend policies in response to market conditions [5]

Core Viewpoint - *ST Lanhuang is at a critical juncture for "shell protection" as it faces the risk of being delisted if it fails to meet financial performance criteria in 2025, following three consecutive years of losses from 2022 to 2024 [1][5]. Financial Performance Summary - The company forecasts a revenue of 400 million to 460 million yuan for 2025, with a net profit attributable to shareholders expected to be between -62 million and -90 million yuan, indicating a year-on-year increase of 9.88% to 37.92% in losses [2][5]. - The expected revenue for 2025 represents a significant increase, with a projected doubling of revenue compared to previous years, driven by a strong performance in the fourth quarter [2][4]. - In the first three quarters of 2025, the company achieved approximately 219 million yuan in revenue, suggesting that the fourth quarter could see revenue between 181 million and 241 million yuan, reflecting a year-on-year increase of over 455% [3][4]. Industry Context - The fourth quarter is typically a low season for the beer industry, making the projected revenue growth for *ST Lanhuang particularly noteworthy [4]. - The company has been actively expanding its beer and beverage business beyond the Northwest region, increasing brand promotion and online sales, which has contributed to revenue growth despite rising sales expenses [4][7]. - The beverage sector has become increasingly competitive, with major players like Qingdao Beer and Yanjing Beer also entering the beverage market, making it a challenging environment for *ST Lanhuang's strategy of "beverage transformation" [7]. Historical Performance - From 2022 to 2024, the company's revenues were approximately 266 million, 241 million, and 211 million yuan, all below the 300 million yuan threshold, with cumulative losses of about 176 million yuan [5][6]. - The beverage business accounted for a relatively low percentage of total revenue during this period, with fluctuations in its contribution [7]. Strategic Moves - To counteract declining performance, *ST Lanhuang has made strategic investments in beverage companies, including the establishment of Lanzhou Yellow River (Chongqing) Beverage Co., Ltd. and acquiring a stake in Wuzhong Yiwang Juice Co., Ltd. [6][7].

格隆汇1月28日｜*ST兰黄(000929.SZ)在投资者互动平台表示，公司今年一季度暂无在西安、南京设立 销售分公司的计划。 ...

Core Viewpoint - The Chinese beer industry is experiencing a decline in production, with a notable decrease in both the monthly and cumulative production figures for 2025, indicating potential challenges for companies in the sector [1]. Industry Summary - As of December 2025, China's beer production reached 2.23 million kiloliters, reflecting a year-on-year decrease of 8.7% [1]. - The cumulative beer production in China for the year 2025 was 35.36 million kiloliters, showing a slight decline of 1.1% compared to the previous year [1]. - The report by Zhiyan Consulting highlights the market dynamics and competitive strategies in the non-alcoholic beer sector from 2026 to 2032, suggesting a focus on emerging trends and consumer preferences [1]. Company Summary - Listed companies in the beer sector include Zhujiang Beer (002461), Chongqing Beer (600132), Yanjing Beer (000729), Lanzhou Huanghe (000929), and Huichuan Beer (600573), all of which may be impacted by the declining production trends [1].

登录新浪财经APP 搜索【信披】查看更多考评等级 兰州黄河企业股份有限公司 关于股票可能被终止上市的风险提示公 告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 特别提示： 1.兰州黄河企业股份有限公司（以下简称"公司"）于2025年4月29日披露了《2024年年度报告》（公告 编号：2025-2），公司2024年度利润总额、净利润、扣除非经常性损益后的净利润三者均为负值，且扣 除后的营业收入低于3亿元。根据《深圳证券交易所股票上市规则》（以下简称《上市规则》）第9.3.1 条"上市公司出现下列情形之一的，本所对其股票交易实施退市风险警示：（一）最近一个会计年度经 审计的利润总额、净利润、扣除非经常性损益后的净利润三者孰低为负值，且扣除后的营业收入低于3 亿元"的规定，公司于同日披露了《关于公司股票交易被实施退市风险警示暨停牌的公告》（公告编 号：2025（临）-38），公司股票于2025年4月30日开市起被实施退市风险警示。若公司2025年度出现 《上市规则》第9.3.12条规定的情形，公司股票存在被终止上市的风险。 2.根据《上市规则》第9.3.6条"上 ...

2025 年，公司啤酒饮料业务积极拓展西北区域以外市场，加强品牌宣传投入和电商平台线上推广，销 售费用同比上升，线上销售收入同比增长较大，利润有所下降；投资黄河（吴忠）饮品有限公司、黄河 （重庆）饮品有限公司，提升饮料业务占比，为公司收入增长贡献了增量。 格隆汇1月27日丨*ST兰黄(000929.SZ)公布，预计2025年归属于上市公司股东的净利润-9,000万元 ～-6,200万元，扣除非经常性损益后的净利润-12,800万元～-10,000万元，营业收入40,000万元～46,000 万元。 ...

兰州黄河企业股份有限公司 关于股票可能被终止上市的风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 特别提示： 证券代码：000929 证券简称：*ST 兰黄 公告编号：2026-003 3. 截至本公告披露日，公司 2025 年年度报告编制及审计相关工作正 在进行中，2025 年度财务数据未最终确定，公司可能触及的终止上市情 形如下表所示： | 具体情形 | 是否适用（对可能触及的打勾） | | --- | --- | | 经审计的利润总额、净利润、扣除非经常性损益后 | | | 的净利润三者孰低为负值，且扣除后的营业收入低 | √ | | 于 3 亿元。 | | | 经审计的期末净资产为负值。 | | | 财务会计报告被出具保留意见、无法表示意见或者 | | | 否定意见的审计报告。 | | | 追溯重述后利润总额、净利润、扣除非经常性损益 | | | 后的净利润三者孰低为负值，且扣除后的营业收入 | | | 低于 3 亿元；或者追溯重述后期末净资产为负值。 | | | 财务报告内部控制被出具无法表示意见或者否定意 | | | 见的审计报告。 ...

Financial Projections - The estimated net profit for 2025 is projected to be between -90 million to -62 million CNY, representing a year-over-year increase of 9.88% to 37.92% compared to -99.87 million CNY in the previous year[4] - Total profit is expected to range from -219 million to -163 million CNY, a decline of 94.57% to 44.82% from -112.56 million CNY in the previous year[4] - Revenue is projected to be between 400 million to 460 million CNY, compared to 210.53 million CNY in the previous year[5] - The net profit after deducting non-recurring gains and losses is expected to be between -128 million to -100 million CNY, a decrease of 63.77% to 27.95% from -78.16 million CNY in the previous year[4] - Basic earnings per share are projected to be between -0.4884 to -0.3365 CNY, compared to -0.5376 CNY in the previous year[4] Business Expansion - The company plans to expand its beer and beverage business beyond the Northwest region, increasing brand promotion and online sales, which has led to a rise in sales expenses[7] - The company has invested in Huanghe (Wuzhong) Beverage Co., Ltd. and Huanghe (Chongqing) Beverage Co., Ltd. to increase the beverage business's contribution to revenue growth[7] Risk Factors - The company faces risks of delisting due to negative net profit and revenue below 300 million CNY as per the Shenzhen Stock Exchange listing rules[9] Performance Communication - The company has communicated with the accounting firm regarding the performance forecast, and there are no significant discrepancies[6] - The final audited results for 2025 will be disclosed in the annual report, and there is uncertainty regarding the actual performance[8]