Shanghai Bright Meat Group 光明肉业
3 significant filings since 30 May 2026: 1 on regulatory inquiry and 2 on guarantee or financial assistance. The latest, on 4 Aug 2026: 光明肉业关于接受关联方财务资助的公告. 1 unverified report logged, the latest on 24 Aug 2026.
自 30 May 2026 起有 3 份重大公告：regulatory inquiry 1 份、guarantee or financial assistance 2 份。最新一份（4 Aug 2026）：光明肉业关于接受关联方财务资助的公告。记录了 1 条未经核实的报道，最新一条见于 24 Aug 2026。
Price History 价格走势
1 session 个交易日, Thu 24 Sep 2026 · Live one-minute prices · High 最高 ¥5.49 · Low 最低 ¥5.39 · −1.28% on the previous close of ¥5.47As of 25 Sep 2026 截至2026年9月25日
Shanghai Bright Meat Group 光明肉业 is a food processing company listed on the Shanghai Stock Exchange since 1997. In 2025, it reported a net loss of RMB132.4m, reversing from a profit of RMB216.1m in 2024, with net profit excluding non-recurring items down 269.0%. Revenue rose slightly to RMB22.13bn. Operating cash flow per share was -RMB0.20 in 2025, turning from an inflow of RMB0.84 in 2024. By the first half of 2026, the company reported a profit of RMB106.7m, down 39.4% from the same period a year earlier, with continued operating cash outflows at -RMB0.07 per share. Liabilities to assets stood at 57.6% as of 30 Jun 2026. A regulatory inquiry reply was filed in July 2026 regarding its 2025 annual report. The company faces risks from recent loss-making performance and a shift to operating cash outflows.
光明肉业是一家食品加工企业，1997年7月4日在上海证券交易所上市。2025年归属于母公司股东的净利润为-1.32亿元，较2024年的2.16亿元由盈转亏，扣除非经常性损益后的净利润同比下滑269.0%。营业收入微增至221.30亿元。2025年每股经营现金流为-0.20元，由2024年的0.84元转为流出。截至2026年6月30日的上半年，公司实现归母净利润1.07亿元，较上年同期下降39.4%，每股经营现金流仍为-0.07元。2026年6月30日资产负债率为57.6%。2026年7月公司披露了关于2025年年报的信息披露监管问询函的回复公告。公司面临近期亏损及经营现金流由流入转为流出的风险。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Attributable net loss in 2025; a profit in the period to 30 Jun 2026, -39.4% on the same period a year earlier 2025年归母净利润亏损；截至2026年6月30日的报告期盈利，较上年同期-39.4% | The company reported a net loss in 2025 after a profit in 2024, and the first-half 2026 profit declined significantly year-on-year. 公司2025年由盈转亏，2026年上半年利润同比大幅下滑。 | A shift from profit to loss in 2025 and a 39.4% decline in first-half 2026 profit indicate weakening earnings performance. The drop in net profit excluding non-recurring items by 269.0% suggests core operations deteriorated significantly. 2025年由盈利转为亏损，2026年上半年利润同比下降39.4%，显示盈利表现减弱。扣除非经常性损益后的净利润下滑269.0%，表明主营业务显著恶化。 |
| Operating cash outflow 经营现金净流出 | Operating cash flow per share was negative in both 2025 and the first half of 2026. 2025年及2026年上半年每股经营现金流均为负。 | The turn from a positive operating cash flow of RMB0.84 per share in 2024 to -RMB0.20 in 2025 indicates a deterioration in cash generation from core operations, which could affect liquidity and financial flexibility. 2024年每股经营现金流为0.84元，2025年转为-0.20元，显示主营业务现金流生成能力下降，可能影响流动性和财务灵活性。 |
- Whether the attributable net profit for the full year 2026 remains positive
2026全年归母净利润是否保持盈利 - Change in operating cash flow per share for the full year 2026
2026全年每股经营现金流变化 - Liabilities to assets ratio at the end of 2026
2026年末资产负债率 - Revenue growth in the second half of 2026 compared to the first half
2026年下半年收入增长情况，相较上半年 - Any new filings related to shareholder pledges, judicial auctions, or financial guarantees
是否有新增股东质押、司法拍卖或对外担保公告 - The net profit excluding non-recurring items for the full year 2026
2026全年扣除非经常性损益后的净利润
- Company: Shanghai Bright Meat Group 光明肉业, Shanghai Stock Exchange 600073; industry Food Processing; listed 4 Jul 1997.
公司：光明肉业，上海证券交易所 600073；行业：食品加工；上市日期：1997年7月4日。 - Close on 24 Sep 2026 RMB5.40; close on 24 Sep 2025 RMB7.05; one-year change -23.4%.
2026年9月24日收盘价5.40元；2025年9月24日收盘价7.05元；一年涨跌幅-23.4%。 - 52-week range RMB4.63 to RMB7.39.
52周区间4.63元至7.39元。 - Market capitalisation RMB5.06bn; P/E TTM not meaningful (loss-making); price to book 1.08x.
总市值50.64亿元；市盈率（TTM）不适用（亏损）；市净率1.08倍。 - Revenue 2025 RMB22.13bn; 2024 RMB21.99bn; change +0.7%.
营业收入2025年221.30亿元；2024年219.87亿元；同比+0.7%。 - Attributable net profit 2025 -RMB132.4m; 2024 RMB216.1m; change -161.3% (from a profit to a loss).
归属于母公司股东的净利润2025年-1.32亿元；2024年2.16亿元；同比-161.3%（由盈转亏）。 - Net profit excluding non-recurring items, 2025 change -269.0%.
2025年扣除非经常性损益后的净利润同比-269.0%。 - Basic EPS 2025 -RMB0.14; 2024 RMB0.23.
基本每股收益2025年-0.14元；2024年0.23元。 - Operating cash flow per share 2025 -RMB0.20; 2024 RMB0.84.
每股经营现金流2025年-0.20元；2024年0.84元。 - 2025 gross margin 11.3%; net margin -3.0%; ROE -2.8%.
2025年毛利率11.3%；净利率-3.0%；净资产收益率-2.8%。 - At 30 Jun 2026: liabilities to assets 57.6%; current ratio 1.17; quick ratio 0.81; receivable days 27; inventory days 44.
截至2026年6月30日：资产负债率57.6%；流动比率1.17；速动比率0.81；应收账款周转天数27；存货周转天数44。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB12.82bn, change +6.2%; attributable net profit RMB106.7m, change -39.4%; operating cash flow per share -RMB0.07.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入128.23亿元，同比+6.2%；归母净利润1.07亿元，同比-39.4%；每股经营现金流-0.07元。 - In the 12 months to 25 Sep 2026: 1 distinct filing classed critical, high or as a lift; by class: 1 filing classed Regulatory Inquiry. One filing can fall in more than one class, and several filings can concern one matter, such as the notice and the result of one auction.
截至2026年9月25日的近12个月：被归为重大、较高级别或解除类的公告共1份；按类别：归为监管问询的公告1份。同一公告可属多个类别，同一事项亦可有多份公告，例如同一拍卖的提示公告与结果公告。 - 17 Jul 2026, Regulatory Inquiry (high): filing titled 《光明肉业关于上海证券交易所有关2025年年度报告的信息披露监管问询函的回复公告》.
2026年7月17日，监管问询：公告《光明肉业关于上海证券交易所有关2025年年度报告的信息披露监管问询函的回复公告》。 - Ownership: actual controller 光明食品(集团)有限公司; controlling shareholder 上海益民食品一厂(集团)有限公司; largest holder at 30 Jun 2026: 上海益民食品一厂(集团)有限公司, 29.83%.
股权：实际控制人：光明食品(集团)有限公司；控股股东：上海益民食品一厂(集团)有限公司；2026年6月30日第一大股东：上海益民食品一厂(集团)有限公司，持股29.83%。 - No distribution is held in this database, which begins on 1 Jan 2026; earlier distributions are not shown.
本数据库自2026年1月1日起记录，其中无该公司的分配记录；此前的分配未予显示。 - Aurelian Grade D, score 37.8 of 100, graded within a peer group of 27 companies in its industry; no rank among peers is given.
金源评级D，得分37.8（满分100），于行业同业27家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。