New Hope Liuhe Co., Ltd. 2025 Annual Report Summary
Securities Code: 002946 Securities Abbreviation: New Dairy Announcement No.: 2026-018 Bond Code: 128142 Bond Abbreviation: Xinru Zhuanzhai
I. Important Notice
This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial condition, and future development plans, investors should carefully read the full annual report on the designated media of the China Securities Regulatory Commission.
All directors attended the board meeting to review this report.
Non-standard Audit Opinion Notice □ Applicable Not Applicable
Board of Directors' Review of Profit Distribution Plan or Capital Reserve Transfer to Share Capital Plan for the Reporting Period ☑ Applicable Not Applicable
Whether to transfer capital reserve to share capital □ Applicable Not Applicable
The profit distribution plan reviewed by the board of directors is: based on 860,677,197 shares (if the share capital changes, the total share capital on the equity registration date of profit distribution implementation shall prevail), a cash dividend of 3.80 yuan (tax inclusive) per 10 shares will be distributed to all shareholders, with 0 bonus shares (tax inclusive), and no transfer of capital reserve to share capital.
Board Resolution on Preferred Share Profit Distribution Plan for the Reporting Period □ Applicable Not Applicable
II. Basic Company Information
- Company Profile
| Stock Abbreviation | Stock Exchange | Previous Stock Abbreviation (if any) | Stock Code |
|---|---|---|---|
| New Dairy | Shenzhen Stock Exchange | None | 002946 |
| Name | Contact Person and Contact Information | Securities Affairs Representative |
|---|---|---|
| Zheng Shifeng | Wang Ai |
| Registered Address |
|---|
| No. 366 Jingshi Road, Jinjiang District, Chengdu |
| 028-80741011 |
| 028-86748930 |
| nhdzqb@newhope.cn |
| No. 366 Jingshi Road, Jinjiang District, Chengdu |
|---|
| 028-80741011 |
| 028-86748930 |
| wangai@newhope.cn |
- Brief Introduction to Main Business or Products for the Reporting Period
(I) Company's Main Operating Conditions
The company is a company specializing in the research and development, production, and sales of dairy products and milk-containing beverages. According to the "Classification of National Economic Industries" (GB/T4754-2017), the company belongs to the major categories of "Dairy Product Manufacturing (C14)" and "Beverage Manufacturing (C15)". The main products include liquid milk, milk-containing beverages, and milk powder. During the reporting period, the company's main business and main products did not undergo significant changes.
Against the backdrop of macroeconomic structural adjustment and industry pressure, the company focused on the "Fresh Cube Strategy" and achieved superior industry performance through multi-dimensional efforts. During the reporting period, the company achieved operating income of 11.233 billion yuan, a year-on-year increase of 5.33%; net profit attributable to parent company owners was 731 million yuan, a year-on-year increase of 35.98%; net profit attributable to parent company owners after deducting non-recurring gains and losses was 774 million yuan, a year-on-year increase of 33.76%; sales net profit margin was 6.72%, an increase of 1.57 percentage points year-on-year; and the asset-liability ratio was 56.51%, a decrease of 8.10 percentage points from the beginning of the period.
- Review of the Company's Annual Business Operations
(1) Persist in the Core Development Strategy and Create Long-Term Resilient Growth