Investment Rating - The investment rating for the company is "Recommended" (maintained) [1][5] Core Views - The company is experiencing pressure in domestic consumption while making progress in external market recruitment. The revenue from domestic and external markets in Q3 2024 was 2.3 billion and 0.9 billion respectively, showing a year-on-year decline of 33% and an increase of 32% [4][5] - The company's gross margin continues to improve, reaching 59.8% in Q3 2024, an increase of 9.2 percentage points year-on-year, attributed to the rapid growth of direct sales channels and the resilience of high-end liquor [4][5] Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved revenue of 1.65 billion, a year-on-year increase of 0.6%, and a net profit attributable to the parent company of 240 million, up 5.3% year-on-year. However, Q3 2024 revenue was 320 million, down 23.3% year-on-year, with a net profit of 43 million, down 17.8% year-on-year [3][4] - The company has adjusted its net profit forecast for 2024-2026 to 350 million, 400 million, and 440 million respectively, down from previous estimates of 380 million, 450 million, and 520 million [5][6] Market Dynamics - The company is actively recruiting distributors outside its home province, with a total of 52, 12, and 212 distributors in provincial, external, and brand operation companies respectively, indicating a significant increase in external recruitment [5][6] - The sales channels are undergoing reform, with direct sales, wholesale agents, and online sales in Q3 2024 generating 130 million, 170 million, and 30 million respectively, showing year-on-year changes of +42%, -43%, and -11% [4][5] Profitability Metrics - The company's net profit margin in Q3 2024 was 13.3%, an increase of 0.9 percentage points year-on-year. The tax and additional charges accounted for 15.7% of revenue, down 2.2 percentage points year-on-year [4][5] - The forecasted gross margin for the upcoming years is expected to improve, with estimates of 49.3%, 50.0%, and 50.7% for 2024, 2025, and 2026 respectively [6][11]

Investment Rating - The report maintains a "Recommended" rating for the company [5] Core Views - The company reported a revenue of 1.65 billion yuan for the first three quarters of 2024, a year-on-year increase of 0.6%, and a net profit attributable to shareholders of 240 million yuan, up 5.3% year-on-year [3] - The company is facing short-term pressure in the domestic market due to weak white liquor consumption, but it is expected to benefit from marketing reforms and an optimized product structure in the medium to long term [3] Financial Performance Summary - For Q3 2024, the company achieved a revenue of 320 million yuan, a decrease of 23.3% year-on-year, and a net profit of 40 million yuan, down 17.8% year-on-year [3] - The high-end liquor segment generated 1.12 billion yuan in revenue for the first three quarters, a 2.2% increase year-on-year, while the mid-range liquor segment saw a 2.7% increase to 400 million yuan [3] - The gross margin for the first three quarters of 2024 was 52.4%, an increase of 3.8 percentage points year-on-year, while the net margin was 14.6%, up 0.6 percentage points [3] - The company expects revenues of 2.32 billion yuan, 2.56 billion yuan, and 2.89 billion yuan for 2024, 2025, and 2026 respectively, with net profits of 360 million yuan, 400 million yuan, and 450 million yuan for the same years [4][6]

新疆伊力特实业股份有限公司 2024 年半年度经营数据公告 证券代码：600197 证券简称：伊力特 公告编号：2024-043 新疆伊力特实业股份有限公司 2024 年第三季度经营数据公告 新疆伊力特实业股份有限公司 2024 年半年度经营数据公告 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。 根据《上海证券交易所上市公司行业信息披露指引第十四号-酒制造》、《关 于做好主板上市公司 2024 年三季度报告披露工作的重要提醒》的要求，现将公 司 2024 年三季度主要经营数据（未经审计）公告如下： 1、酒类产品按产品档次分类情况 2、酒类产品按销售渠道分类情况 3、酒类产品按区域分类情况 单位：万元 币种：人民币 产品名称 2024 年 1-9 月销售收入 2023 年 1-9 月销售收入 增减变动幅度 （%） 高档酒 111,909.33 109,519.18 2.18 中档酒 39,942.70 38,877.41 2.74 低档酒 11,554.29 11,977.68 -3.53 合计 163,406.32 160, ...

证券代码：600197 证券简称：伊力特 公告编号：2024-044 新疆伊力特实业股份有限公司 关于召开 2024 年第三次临时股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年第三次临时股东大会 召开的日期时间：2024 年 11 月 15 日 12 点 00 分 召开地点：新疆图木舒克市伊力特草湖酒文化产业园 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年11月15日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 二、 会议审议事项 本次股东大会审议议案及投票股东类型 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | --- | | | | 股股东 A | | 非累积投票议案 | | | | 1 | ...

变更会计师事务所的简要原因及前任会计师的异议情况： 新疆伊力特实业股份有限公司变更会计师事务所公告 证券简称：伊力特 股票代码：600197 公告编号：2024-042 新疆伊力特实业股份有限公司 变更会计师事务所公告 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： 拟聘任的会计师事务所名称：天健会计师事务所（特殊普通合伙）（以 下简称"天健"） 原聘任的会计师事务所名称：天职国际会计师事务所（特殊普通合伙） （以下简称"天职国际"） 根据财政部、国资委、证监会于 2023 年 5 月 4 日联合发布了《国有企业、 上市公司选聘会计师事务所管理办法》（以下简称《管理办法》）第十二条规定， 国有企业连续聘任同一会计师事务所原则上不超过 8 年。鉴于天职国际会计师事 务所（特殊普通合伙）已连续为公司提供审计服务 16 年，根据《管理办法》的 相关要求，新疆伊力特实业股份有限公司（以下简称"公司"）拟定在两年之内 完成年审会计师的选聘工作。考虑公司现有业务状况及对未来审计服务的需求， 公司严格按照《管理办法》的程序要 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥324,145,543.50, a decrease of 23.32% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥43,228,700.37, down 17.75% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,495,186.52, a decrease of 13.23% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.0916, reflecting a decline of 17.77% year-over-year[2]. - Total operating revenue for the first three quarters of 2024 reached CNY 1,653,805,440.81, a slight increase from CNY 1,643,249,887.44 in the same period of 2023, representing a growth of approximately 0.34%[14]. - Operating profit for the period was CNY 328,930,489.60, compared to CNY 318,688,861.84 in the previous year, reflecting an increase of approximately 3.9%[16]. - Net profit for the first three quarters of 2024 was CNY 244,069,483.38, up from CNY 234,843,073.86 in 2023, marking a growth of around 3.2%[16]. - The net profit attributable to the parent company for Q3 2024 is CNY 241,051,735.98, an increase from CNY 228,980,804.64 in Q3 2023, representing a growth of approximately 5.4%[17]. - The total comprehensive income attributable to the parent company for Q3 2024 is CNY 241,051,735.98, compared to CNY 228,980,804.64 in Q3 2023, reflecting a growth of approximately 5.4%[17]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥5,075,845,225.00, representing an increase of 2.85% from the end of the previous year[3]. - The total liabilities rose to CNY 1,128,849,922.86, compared to CNY 1,031,518,546.78, indicating an increase of about 9.4%[14]. - The equity attributable to shareholders at the end of Q3 2024 was ¥3,884,881,779.09, up 1.71% from the previous year[3]. - The total equity attributable to shareholders increased to CNY 3,884,881,779.09 from CNY 3,819,423,296.38, reflecting a growth of approximately 1.7%[14]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 88.50% to ¥24,035,743.21[6]. - Cash inflow from operating activities for the first nine months of 2024 is CNY 1,562,720,560.37, compared to CNY 1,618,630,565.55 in the same period of 2023, showing a decrease of approximately 3.5%[18]. - The net cash flow from operating activities for the first nine months of 2024 is CNY 24,035,743.21, significantly down from CNY 209,057,734.15 in the same period of 2023[18]. - The net cash flow from investing activities for the first nine months of 2024 is -CNY 104,811,384.73, compared to -CNY 207,291,916.23 in the same period of 2023, indicating an improvement in cash flow[19]. - The net cash flow from financing activities for the first nine months of 2024 is -CNY 84,350,633.79, an improvement from -CNY 205,830,705.26 in the same period of 2023[19]. - The ending cash and cash equivalents balance as of September 30, 2024, is CNY 414,818,294.28, down from CNY 529,706,115.92 at the end of September 2023[19]. Shareholder Information - The company had a total of 58,844 common shareholders at the end of the reporting period[7]. - The company continues to maintain a strong shareholder base, with the largest shareholder holding 43.15% of the shares[9]. - There are no significant changes in the shareholder structure or any new mergers and acquisitions reported during this quarter[11]. Operational Insights - The company has not reported any new product launches or technological advancements in this quarter, focusing instead on existing operations and market strategies[11]. - Future outlook remains cautious, with no specific guidance provided for revenue or profit growth in the upcoming quarters[11]. Current Assets - As of September 30, 2024, the company's total current assets amounted to approximately CNY 2.83 billion, an increase from CNY 2.71 billion at the end of 2023, reflecting a growth of about 4.2%[12]. - The company's cash and cash equivalents decreased to approximately CNY 414.82 million from CNY 579.95 million, representing a decline of about 28.5%[12]. - Accounts receivable increased significantly to approximately CNY 212.44 million from CNY 18.14 million, indicating a substantial rise of approximately 1,172.5%[12]. - Inventory levels rose to approximately CNY 2.09 billion, up from CNY 1.89 billion, marking an increase of about 10.5%[12]. - The company's long-term equity investments remained stable at CNY 200.48 million, unchanged from the previous year[12]. Research and Development - Research and development expenses increased to CNY 12,037,578.93 from CNY 10,781,052.78, representing a growth of approximately 11.7%[16].

新疆伊力特实业股份有限公司九届十一次董事会会议决议公告 证券简称：伊力特 股票代码：600197 公告编号： 2024-041 新疆伊力特实业股份有限公司 九届十一次董事会会议决议公告 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。 新疆伊力特实业股份有限公司（以下简称"公司"）2024 年 10 月 23 日以 传真方式发出召开公司九届十一次董事会会议的通知，2024 年 10 月 29 日以通 讯方式召开公司九届十一次董事会会议，应参会董事 7 人，实际收到有效表决票 7 票。会议的召集、召开符合《公司法》及《公司章程》的规定，会议所做决议 合法有效。会议审议通过了以下议案： 一、新疆伊力特实业股份有限公司 2024 年第三季度报告（此项议案同意票 7 票，反对票 0 票，弃权票 0 票）； 公司董事会审计委员会事前已审议通过本议案，并提交董事会审议。 三、关于召开公司 2024 年第三次临时股东大会的议案（此项议案同意票 7 票，反对票 0 票，弃权票 0 票）； 同意公司采取现场投票与网络投票相结合的方式召开公司 20 ...

新疆伊力特实业股份有限公司关于高管短线交易及致歉的公告 李洪超先生通过其名下证券账户分别于 2024 年 3 月 19 日买入及 2024 年 9 月 2 日卖出公司股票的情况如下： | 交易日期 | | | | | 交易方 | 交易方 | 交易数量（股） | 成交金额（元 | 成交金额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 向 | 式 | | /股） | | | 2024 3 | 年 | 月 | 19 | 日 | 买入 | 集中竞价 | 500 | 22.80 | 11400 | | 2024 9 | 年 | 月 | 2 | 日 | 卖出 | 集中竞价 | 500 | 14.96 | 7480 | 根据《证券法》第四十四条的规定，李洪超先生买入公司股票后六个月内卖 出的行为构成了短线交易。截至本公告披露日，李洪超先生不再持有公司股票。 二、本次短线交易的处理情况及公司采取的措施 证券代码：600197 证券简称：伊力特 公告编号：2024-040 新疆伊力特实业股份有限公司 关于高管短线交易及致 ...

新疆伊力特实业股份有限公司关于控股股东增持结果的公告 证券代码：600197 证券简称：伊力特 公告编号：2024-039 债券代码：110055 债券简称：伊力转债 新疆伊力特实业股份有限公司 关于控股股东增持结果的公告 (一）增持主体：公司控股股东新疆伊力特集团有限公司。 (二）增持主体已持有股份的数量及持股比例：本次增持计划实施前，伊力 本公司董事会、全体董事及相关股东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： ·首次增持的时间及方式、增持的数量及比例：新疆伊力特实业股份有限 公司（以下简称"公司"）控股股东新疆伊力特集团有限公司（以下简称"伊力 特集团"）2024 年 3 月 4 日采用集中竞价方式完成首次增持，增持数量 50,000 股，增持比例 0.0106%（2024 年 3 月 4 日总股本 471,976,392 股），增持金额为 999,593 元。 ·增持计划的金额规模、增持方式及实施期限：伊力特集团计划自 2024 年 2 月 27 日起至 2025 年 2 月 26 日的 12 个月内，以自有资金或自筹 ...

新疆伊力特集团有限公司 增持新疆伊力特实业股份有限公司股份 国浩律师（乌鲁木齐）事务所 关于 之 专项核查意见 新疆乌鲁木齐经济技术开发区云台山街 499 号盛达广场 15 层 郵編：830000 15th Floor, Sheng Da Building,No.499 YunTai Road,Urumqi 830000,China 電話/Tel:13899993996 (+86)(991)3070288 網址/Website:http://www.grandall.com.cn 二〇二四年十月 专项核查意见 国浩律师（乌鲁木齐）事务所 关于新疆伊力特集团有限公司 增持新疆伊力特实业股份有限公司股份之 专项核查意见 致：新疆伊力特实业股份有限公司 国浩律师（乌鲁木齐）事务所（以下简称"本所"）接受新疆伊 力特实业股份有限公司（以下简称"公司"）的委托，根据《中华人 民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、《上市公司收购管理办法》 （以下简称"《收购管理办法》"）、《上海证券交易所上市公司自 律监管指引第 8 号-股份变动管理》等有关法律、法规和规范性文 ...