关于青岛啤酒股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 目 录 1、 专项审计报告 我们接受委托，依据中国注册会计师审计准则审计了青岛啤酒股份有限公司（以下简称 "贵公司"）2024 年 12 月 31 日合并及母公司资产负债表，2024 年度合并及母公司利润表、合 并及母公司现金流量表、合并及母公司股东权益变动表以及相关财务报表附注（以下合称"财 务报表"），并于 2025 年 3 月 28 日签发了德师报(审)字(25)第 P03580 号无保留意见的审计报 告。 根据中国证券监督管理委员会联合公安部、国务院国有资产监督管理委员会及中国银行 保险监督管理委员会公布的《上市公司监管指引第 8 号——上市公司资金往来、对外担保的 监管要求》的要求，贵公司编制了后附的 2024 年度非经营性资金占用及其他关联资金往来情 况汇总表（以下简称"汇总表"）。 如实编制和对外披露汇总表并确保其真实性、合法性及完整性是贵公司管理层的责任。 我们对汇总表所载资料与本所审计贵公司 2024 年度财务报表时所复核的会计资料和经审计的 财务报表的相关内容进行了核对，在所有重大方面没有发现不一致。除 ...

青岛啤酒股份有限公司 关于会计师事务所 2024 年度审计履职情况的评估报告 三、2024 年度会计师事务所履职情况 德勤华永已经根据业务约定书，按照中国注册会计师审计准则和中国注册会计 师执业道德守则，对公司 2024 年度财务报表及 2024 年 12 月 31 日的财务报告内部 控制的有效性执行了审计，并出具了审计报告；同时对控股股东及其他关联方占用 资金情况、涉及财务公司关联交易的存贷款等金融业务情况及初步业绩公告等执行 了相关的工作，并出具了专项报告。 在执行审计工作的过程中,德勤华永及相关审计人员运用职业判断、保持职业 怀疑，并就独立性、审计工作小组的人员构成、审计计划、风险判断、风险及舞弊 的测试和评价方法、年度审计重点、审计意见等方面与公司管理层和治理层进行了 沟通。 德勤华永出具了标准无保留意见的审计报告。 根据中华人民共和国财政部（以下简称"财政部"）、国务院国有资产监督管 理委员会及中国证券监督管理委员会（以下简称"证监会"）颁布的《国有企业、 上市公司选聘会计师事务所管理办法》，青岛啤酒股份有限公司(以下简称"本公 司"或"公司")对德勤华永会计师事务所(特殊普通合伙）(以下简称"德勤 ...

公司代码：600600 公司简称：青岛啤酒 青岛啤酒股份有限公司 2024 年度内部控制评价报告 青岛啤酒股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部 ...

证券代码：600600 证券简称：青岛啤酒 公告编号：2025-006 青岛啤酒股份有限公司 第十届监事会第二十次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 青岛啤酒股份有限公司（"公司"）第十届监事会（"监事会"）第二十次会议 （"会议"）于 2025 年 3 月 27 日在青岛以现场会议方式召开。会议通知及会议材 料已于会前向全体监事发出，会议应出席监事 5 人，实际出席监事 5 人。会议由 公司监事会临时召集人李燕女士主持。会议的召开、表决符合《中华人民共和国 公司法》等相关法律、法规、上市地上市规则以及《青岛啤酒股份有限公司章程》 的规定。 二、监事会会议审议情况 1、审议通过公司 2024 年年度报告（包括经审计的财务报告）。 监事会认为，公司 2024 年年度报告的编制和审议程序符合法律、行政法规 和相关监管规定，报告内容真实、准确、完整地反映了公司的经营情况和财务状 况。监事会同意通过该议案。 表决情况：有权表决票 5 票，同意 5 票、反对 0 票、弃权 0 票，通过。 ...

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。 一、董事会会议召开情况 青岛啤酒股份有限公司（"公司"）第十届董事会第二十次会议（"会议"）于 2025 年 3 月 28 日在青岛以现场结合视频会议方式召开。会议通知及会议材料已于会前向 全体董事发出，会议应出席董事 7 人，实际出席董事 7 人。会议由董事长姜宗祥先 生召集并主持，公司董事会秘书列席参加。会议的召开、表决符合《中华人民共和国 公司法》等相关法律、法规、上市地上市规则以及《青岛啤酒股份有限公司章程》的 规定。 证券代码：600600 证券简称：青岛啤酒 公告编号：2025-005 青岛啤酒股份有限公司 第十届董事会第二十次会议决议公告 二、董事会会议审议情况 1、审议通过公司 2024 年年度报告（包括 2024 年度董事会报告和经审计的财务 报告）。同意在境内外公布 2024 年年报和年度业绩公告。 表决情况：有权表决票 7 票，同意 7 票、反对 0 票、弃权 0 票，通过。 2、审议通过公司关于会计师事务所 2024 年度审计履职情况的评估报告。 表决情况 ...

证券代码：600600 证券简称：青岛啤酒 公告编号：2025-007 青岛啤酒股份有限公司 关于2024年度利润分配预案的公告 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： ● 青岛啤酒股份有限公司（"公司"、"本公司"）2024年度利润分配预案： 每股派发现金红利人民币2.20元（含税）。 ● 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期将 在权益分派实施公告中明确。 ● 本次在实施权益分派的股权登记日前公司总股本发生变动的，公司拟维持每 股派发现金红利金额不变，相应调整分配总额，并将另行公告具体调整情况。 ● 本次利润分配预案尚待本公司2024年年度股东会审议通过后方可实施。 ● 公司不触及《上海证券交易所股票上市规则（2024年4月修订）》（"《股票 上市规则》"）第9.8.1条第一款第（八）项规定的可能被实施其他风险警示的情 形。 一、 利润分配预案内容 （一）利润分配方案的具体内容 经德勤华永会计师事务所（特殊普通合伙）审计，本公司2024年度按照中国 会计准则计算的母公司净利 ...

Financial Performance - The total operating revenue for 2024 was RMB 32,137,830,111, a decrease of 5.30% compared to RMB 33,936,522,741 in 2023[18]. - The net profit attributable to shareholders of the listed company reached RMB 4,344,983,858, an increase of 1.81% from RMB 4,267,851,406 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was RMB 3,951,102,172, reflecting a growth of 6.19% compared to RMB 3,720,724,776 in 2023[18]. - The net cash flow from operating activities significantly increased by 85.58% to RMB 5,154,661,132 from RMB 2,777,567,140 in the previous year[18]. - The total assets at the end of 2024 were RMB 51,420,385,832, representing a 4.39% increase from RMB 49,256,011,349 at the end of 2023[18]. - The net assets attributable to shareholders of the listed company increased by 5.87% to RMB 29,060,384,527 from RMB 27,449,478,216 in 2023[18]. - Basic earnings per share for 2024 were RMB 3.191, up 1.66% from RMB 3.139 in 2023[19]. - The diluted earnings per share also increased to RMB 3.187, a rise of 1.76% compared to RMB 3.132 in the previous year[19]. - The weighted average return on equity decreased to 15.38%, down 0.74 percentage points from 16.12% in 2023[19]. Sales and Market Performance - In 2024, the company achieved a product sales volume of 7.538 million kiloliters and operating revenue of RMB 32.14 billion, with a net profit attributable to shareholders of RMB 4.34 billion, representing a year-on-year growth of 1.8%[26]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of RMB 3.95 billion, an increase of 6.2% year-on-year[26]. - The company’s online product sales increased by 21% year-on-year, marking 12 consecutive years of growth in this segment[27]. - The company’s main brand, Qingdao Beer, achieved a sales volume of 4.34 million kiloliters, with mid-to-high-end products accounting for 3.154 million kiloliters[28]. - The company’s sales in the Shandong region accounted for 69.97% of total sales revenue, totaling 22.09 billion RMB[76]. Product Development and Innovation - The company launched new products including the "Aogute A Series, Nikashi White Beer, and Non-Alcoholic Beer Series" to meet diverse consumer demands[28]. - The company has launched a series of new products, including "Tsingtao Legend" and "Tsingtao IPA," enhancing brand image and meeting market demand[33]. - The company continues to focus on innovation-driven high-quality development, enhancing brand influence and operational efficiency[26]. - The beer industry in China is experiencing a rise in mid-to-high-end products, with a focus on innovation and diversification to capture new growth opportunities[91]. Operational Efficiency and Cost Management - The company's revenue decreased by 5.30% year-on-year, primarily due to a decline in sales volume[36]. - The company's operating costs decreased by 7.72% year-on-year, influenced by lower sales and a decrease in some raw material costs[37]. - The gross profit margin for beer products was 40.11%, with a year-on-year increase of 1.60 percentage points[42]. - The overall gross margin increased by 1.70 percentage points to 26.42% for other brands[81]. - Raw material costs accounted for 65.81% of total costs, down 9.06% year-on-year[83]. Environmental and Sustainability Initiatives - The company is committed to sustainable development and aims to achieve carbon neutrality while optimizing its value chain costs[93]. - The company reported compliance with pollution discharge standards, with COD emissions at 794.3 tons/year, below the approved limit of 6763.75 tons/year[144]. - The company has implemented effective wastewater treatment processes, ensuring all facilities meet environmental regulations[144]. - The company achieved a 11.8% year-on-year reduction in greenhouse gas emissions per unit product for 2024[162]. - Renewable energy electricity usage reached 80% in 2024, with all factories in Shandong utilizing renewable energy[162]. Governance and Management - The company held 11 board meetings and 9 supervisory meetings during the reporting period to ensure effective governance and decision-making[101]. - The company has independent directors serving in various other organizations, enhancing governance[110]. - The company has not faced any penalties from securities regulatory authorities in the past three years[113]. - The company has established a performance evaluation and compensation system for senior management, which includes a base salary and performance-based annual salary[137]. Future Outlook and Strategic Plans - The company anticipates challenges in 2025 due to intense market competition and insufficient consumer demand, but also sees opportunities in technological innovation and consumption stimulation[95]. - The company plans to accelerate its digital transformation to improve operational efficiency and product quality, aiming for a fully integrated digital experience[94]. - The company aims to enhance its market operations and profitability by leveraging its brand, quality, and distribution network, focusing on the beer core business[94]. - Future initiatives will focus on enhancing wastewater treatment technologies to further reduce emissions[144].

Financial Performance - The basic earnings per share for 2024 is 3.1910 yuan, showing an increase of 1.66% compared to 3.1390 yuan in 2023 [1] - The operating revenue for 2024 is 32.138 billion yuan, a decrease of 5.3% from 33.937 billion yuan in 2023 [1] - The net profit for 2024 is 4.345 billion yuan, reflecting a growth of 1.8% from 4.268 billion yuan in 2023 [1] - The return on equity for 2024 is 15.38%, down from 16.12% in 2023, indicating a decline of 4.59% [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 113,147.87 million shares, accounting for 82.94% of the circulating shares, with a change of 2.8723 million shares from the previous period [1] - Hong Kong Central Clearing (Agent) Limited remains the largest shareholder with 61,400.13 million shares, representing 45.01% of total share capital [2] - Qingdao Beer Group Co., Ltd. holds 44,346.77 million shares, making up 32.51% of total share capital, with no change [2] Dividend Distribution - The company has announced a dividend distribution of 22.0 yuan per share (including tax) [2]

Group 1 - The compound seasoning industry is expected to reach a revenue of 134.1 billion CNY in 2024, with a compound annual growth rate (CAGR) of 11% from 2019 to 2024 [16][21][29] - The hot pot base market is projected to maintain a growth rate of over 5% in the next five years, with a market size of approximately 600 billion CNY [33][35] - The Chinese compound seasoning sector is still in its growth phase, with significant opportunities for new product development, particularly in categories like sauerkraut fish and crayfish seasoning [41][43] Group 2 - In February, the food and beverage sector outperformed the market by 2.2 percentage points, with sub-sectors like liquor showing strong performance [12][20] - The valuation of the food and beverage sector is at historical lows, with the price-to-earnings (PE) ratio at the 12th percentile and the price-to-book (PB) ratio at the 23rd percentile since 2010 [12][24] - The net inflow of southbound funds in February reached 152.8 billion HKD, indicating strong interest in stocks like Qingdao Beer and COFCO Joycome [12][14] Group 3 - The liquor market is experiencing a recovery, with companies controlling inventory and maintaining prices, as seen with the price of Moutai at 2,210 CNY per bottle [17][32] - The sales of consumer goods improved in February, particularly in beer, dairy products, and frozen foods, while raw material prices showed mixed trends [18][19] - The overall retail sales in January and February 2025 are expected to grow by 4.0% year-on-year, indicating a positive trend in consumer spending [28][31] Group 4 - Investment recommendations include key players in the liquor sector such as Luzhou Laojiao, Jinshiyuan, and Shanxi Fenjiu, as well as consumer goods companies like Yanjing Beer and Tianwei Foods [10][12] - The report emphasizes the potential for new product launches in the compound seasoning market, driven by changing consumer preferences and the expansion of retail channels like Sam's Club [41][43] - The macroeconomic environment is improving, which is expected to boost consumer confidence and spending, further supporting the growth of the food and beverage sector [29][31]

证券代码：600600 证券简称：青岛啤酒 公告编号：2025-001 青岛啤酒股份有限公司第十届董事会 第十九次会议决议公告 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。 一、 董事会会议召开情况 青岛啤酒股份有限公司（以下简称"公司"）第十届董事会第十九次会议（以下简称"会 议"）于 2025 年 1 月 10 日以现场结合视频会议方式召开，会议通知及会议材料已按照《青岛 啤酒股份有限公司章程》（以下简称"《公司章程》"）规定及时以书面方式送达全体董事。会 议应出席董事 7 人，实际出席董事 7 人。会议由董事长姜宗祥先生主持，公司董事会秘书列 席参加。会议的召开、表决符合《中华人民共和国公司法》等相关法律、法规及上市地上市 规则以及《公司章程》的规定。 二、 董事会会议审议情况 表决情况：有权表决票 7 票，同意 7 票、反对 0 票、弃权 0 票，通过。 1 (一)审议通过青岛啤酒财务有限责任公司（"财务公司"）2025 年度有价证券投资专项业 务规划。 1. 同意财务公司在有效防控风险、确保资金安全的前提下，有价证 ...