Core Viewpoint - 中信尼雅 reported a decline in revenue but an increase in gross margin, with specific explanations for the fourth quarter's performance and management expenses [1][2][4]. Revenue and Profitability - In 2024, 中信尼雅 achieved operating revenue of 161 million yuan, a year-on-year decrease of 23.69%, while the net profit after deducting non-recurring items was 3.99 million yuan, marking a return to profitability [2]. - The gross margin for wine products was 58.88%, an increase of 5.30 percentage points year-on-year, attributed to higher average selling prices and a 16.05% increase in overall selling prices [2]. - The company emphasized the growing demand for high-quality wines and the trend towards personalized consumption in a competitive market [2]. Management Expenses - In 2024, 中信尼雅's management expenses totaled 41.71 million yuan, a year-on-year decline of 27.99%, with the fourth quarter's management expenses at 909,000 yuan, the lowest proportion of annual expenses at 21.80% [4]. - The reduction in management expenses was primarily due to a significant decrease in labor costs, which fell by 87.38% year-on-year, influenced by the use of previously accrued unused salary reserves and adjustments in employee compensation [4][5]. Market Position - The gross margin of 中信尼雅 is comparable to other wine companies, with Zhangyu A, ST Tongpu, and Weilang shares reporting gross margins of 57.51%, 53.40%, and 54.88% respectively [3].

Core Viewpoint - The company, CITIC Naya, reported a decline in revenue for 2024 but an increase in gross profit margin, highlighting the challenges and adjustments within the domestic wine industry [1][2]. Financial Performance - CITIC Naya achieved operating revenue of 161 million yuan, a year-on-year decrease of 23.69% [2] - The company reported a net profit of 3.9947 million yuan, marking a turnaround from losses [2] - The gross profit margin for wine products was 58.88%, an increase of 5.30 percentage points compared to the previous year [2][3] Cost Management - Management expenses in Q4 2024 were only 9.09 million yuan, a reduction of 56.50% from 20.8962 million yuan in the same period of 2023 [1] - The significant decrease in labor costs was attributed to a reduction from 12.9367 million yuan to 1.6325 million yuan [1] - The company utilized previously accrued unused salary reserves of 4.51 million yuan, which contributed to the lower management expenses [1][4] Market Dynamics - The domestic wine industry is undergoing deep adjustments due to both internal and external factors, with increasing consumer demand for high-quality wines [2] - The average selling price of high-end and mid-low-end finished wines increased by 16.05% [3] - Direct sales (including group purchases) accounted for 54.83% of total sales, an increase of 13.09 percentage points from 2023 [3] Regulatory Scrutiny - The company faced regulatory attention regarding the classification of 4.51 million yuan as non-recurring gains, which was derived from previously accrued salary reserves [5] - The fourth quarter's revenue of 59.6687 million yuan represented a year-on-year increase of 18.81%, the highest proportion of annual revenue at 36.96% [4] - The company indicated that the accounting treatment of the 4.51 million yuan is subject to further verification and may be corrected if discrepancies are found [5]

关于中信尼雅葡萄酒股份有限公司 2024 年年报工作函的回复 中兴华会计师事务所（特殊普通合伙） 问题 1.关于主营业务 年报显示，报告期内公司实现营业收入 16,143.35 万元，同比减少 23.69%，实现 扣非净利润 399.47 万元，同比扭亏为盈。关注到，公司酒类产品毛利率为 58.88%,同 比增加 5.30 个百分点，其中高档酒、中低档酒、原酒的毛利率均有所增加，分别增加 8.33 个百分点、2.82 个百分点、12.31 个百分点。请公司： (1)结合行业趋势、主业开展情况、销售价格波动、成本构成情况、主要客户变化、 同行业公司对比情况等，说明公司本年度毛利率显著增加的原因及合理性; 公司回复： 公司所处国内葡萄酒行业近年来受内外部因素影响，面临深度调整。2024 年，国内 中 兴 华 会 计 师 事 务 所 （ 特 殊 普 通 合 伙 ） Z H O N G X I N G H U A C E R T I F I E D P U B L I C A C C O U N T A N T S L L P 地址（ location ） ： 北 京 市 丰 台 区 丽 泽 路 2 0 号丽泽 S ...

证券代码：600084 证券简称：中信尼雅 公告编号：临 2025-016 中信尼雅葡萄酒股份有限公司 关于上海证券交易所对公司2024年年度报告的信息披露 监管工作函的回复公告 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。 中信尼雅葡萄酒股份有限公司（以下简称"公司"）于近期收到上海证券交易所下 发的《关于中信尼雅葡萄酒股份有限公司2024年年度报告的信息披露监管工作函》（上 证公函【2025】0397号）（以下简称"工作函"），现将工作函内容回复披露如下： 问题 1.关于主营业务 年报显示，报告期内公司实现营业收入 16,143.35 万元，同比减少 23.69%，实现 扣非净利润 399.47 万元，同比扭亏为盈。关注到，公司酒类产品毛利率为 58.88%,同 比增加 5.30 个百分点，其中高档酒、中低档酒、原酒的毛利率均有所增加，分别增加 8.33 个百分点、2.82 个百分点、12.31 个百分点。请公司： (1)结合行业趋势、主业开展情况、销售价格波动、成本构成情况、主要客户变化、 同行业公司对比情况等，说明公 ...

Group 1 - The "Xia Road Encounter" relay race in Xinjiang not only showcases sports but also highlights the unique cultural and tourism charm of the region [1] - The event is sponsored by CITIC Niyah, a professional wine company under CITIC Guoan Group, known for its brands like Niyah and Xiyu [1] - The award-winning wine, Xiyu 5700 Cabernet Sauvignon, reflects the spirit of exploration and dedication to the land of Xinjiang [1] Group 2 - The 5700 km border of Xinjiang is described as a "golden belt for winemaking," benefiting from a temperate continental climate and unique geographical features [2] - The wine's flavor profile is enhanced by abundant sunlight, significant temperature differences, and mineral-rich soil, contributing to its distinctive character [2] - The number "5700" symbolizes the historical and cultural significance of the region, connecting past explorations with contemporary experiences [3] Group 3 - Xiyu 5700 Cabernet Sauvignon represents the winemaking potential of China's western region, combining freshness and richness in its flavor [4] - The wine's production emphasizes sustainable practices, reflecting a commitment to ecological preservation and traditional agricultural wisdom [4] - Each bottle of Xiyu 5700 carries a promise of environmental stewardship, echoing historical philosophies of nature conservation [4]

Group 1 - The beverage manufacturing sector is experiencing a rebound, with several companies seeing significant stock price increases [1] - Kweichow Moutai (601579) has reached its daily limit up, indicating strong market interest [1] - Other companies such as Bai Run Co. (002568), Jin Feng Wine Industry (600616), Gu Yue Long Shan (600059), and Zhang Yu A are also showing upward trends in their stock prices [1]

中信尼雅（600084）公告，公司控股股东中信国安（000839）实业集团有限公司解除质押1.3亿股，占 其所持股份的25.75%，占公司总股本的11.57%。本次解除质押后，中信国安累计质押公司股份3.33亿 股，占其持股数量的65.93%，占公司总股本的29.62%。 ...

本次中信国安解除质押股份数量为 130,000,000 股，本次解除质押后， 中信国安累计质押公司股份 332,902,700 股，占其持股数量的 65.93%，占公司 总股本的 29.62%。 一、上市公司部分股份被解除质押情况 公司于近日收到控股股东中信国安通知，中信国安将其质押给哈尔滨银行股 份有限公司天津分行的 130,000,000 股无限售流通股办理了解除质押手续，具体 情况如下： | 股东名称 | 中信国安实业集团有限公司 | | --- | --- | | 本次解除质押股份 | 130,000,000 股 | | 占其所持股份比例 | 25.75% | | 占公司总股本比例 | 11.57% | | 解除质押时间 | 2025 年 5 月 16 日 | | 持股数量 | 504,926,298 股 | | 持股比例 | 44.93% | | 剩余被质押股份数量 | 332,902,700 股 | | 剩余被质押股份数量占其所持股份比例 | 65.93% | | 剩余被质押股份数量占公司总股本比例 | 29.62% | 证券代码：600084 证券简称：中信尼雅 公告编号：临 2025-014 ...

会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 20 日(星期二)至 05 月 26 日(星期一)16:00 前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 zxny600084@citicwine.com 进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 证券代码：600084 证券简称：中信尼雅 公告编号：临 2025-015 中信尼雅葡萄酒股份有限公司 关于召开 2024 年度业绩说明会的公告 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： 会议召开时间：2025 年 05 月 27 日(星期二)下午 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 中信尼雅葡萄酒股份有限公司（以下简称公司）已于 2025 年 03 月 22 日发 布公司 2024 年年度报告，为便 ...

证券代码：600084 证券简称：中信尼雅 公告编号：临 2025-013 中信尼雅葡萄酒股份有限公司 关于参加新疆辖区上市公司2025年投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，中信尼雅葡萄酒股份有限公司（以下简 称公司）将参加由新疆上市公司协会根据新疆证监局工作部署，联合深圳市全景 网络有限公司举办的"2025 年新疆辖区上市公司投资者网上集体接待日活动"， 现将相关事项公告如下： 中信尼雅葡萄酒股份有限公司董事会 二〇二五年五月十七日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP， 参与本次互动交流，活动时间为 2025 年 5 月 23 日（周五）15:00-17:30。届时 公司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况和可持 续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参 与。 特此公告。 ...