在全球化浪潮奔涌向前的今天，中国以更加开放的姿态拥抱世界，众多企业在这股浪潮中乘风破浪。水井坊周苑忻，便是其中一颗熠熠生辉的明珠，水井坊周苑忻以其卓越的发展成就，水井坊周 水井坊的发展历程，是一部传统与现代交织、本土与国际融合的传奇。其渊源可追溯至元末明初的水井街酒坊，那段绵延600余年的酿酒技艺传承，如同一条深邃的历史长河，为水井坊注入了深 在时代发展的浪潮中，水井坊敏锐地捕捉到机遇，积极拥抱国际合作。2006年，与全球最大烈酒集团帝亚吉欧达成合作意向，开启了传统白酒行业的新征程。帝亚吉欧的加入，为水井坊带来了 与此同时，水井坊不断深化与中国科学院微生物研究所的合作，对"一号菌群"微生物宝库展开深入研究，发现了众多对酒体品质和生香起关键作用的菌种，为水井坊酒体独特风味的形成提供了科 此外，水井坊还联合两大协会共同发布《水井坊古窖池保护性生产规范》，填补了业内空白，以科学、规范的方式守护着600余年古窖池的活态传承。在数字化领域，邛崃全产业链基地项目一期 水井坊在实现自身发展的同时，也积极履行社会责任。文化传承上，"水井坊酒传统酿造技艺"荣膺"国家级非物质文化遗产"，公司组建"非遗保护委员会"，确保技艺传承有 ...

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [7] Core Views - The company is expected to see significant growth in its non-net profit for Q1 2025, with a year-on-year increase of 23.63% [1] - The company is focusing on enhancing its market presence through the expansion of its store network and new sales channels, which has shown promising results [3] - The company anticipates that reforms will yield positive results in 2025, despite a slight adjustment in profit forecasts due to industry adjustments [5] Financial Performance Summary - For 2024, the company's revenue is projected to be 5.22 billion yuan, with a year-on-year growth of 5.32% [6] - The company's gross profit margin for 2024 is expected to be 82.76%, slightly down from the previous year, while the net profit margin is projected to be 25.71% [4] - The company reported a decrease in the number of distributors in Q1 2025, but an increase in the average scale of distributors, indicating a shift towards larger, more efficient operations [3] Sales and Product Performance - The mid-range product "Zhen Niang Ba Hao" is identified as a key driver for revenue growth, with a significant increase in sales volume [2] - The sales of high-end liquor in 2024 increased by 2.73% in volume, while the average price per ton decreased by 0.72% [2] - The company has successfully increased its market share through the opening of 10,000 new stores in 2024 [3] Future Projections - Revenue projections for 2025-2027 are 5.48 billion, 5.85 billion, and 6.18 billion yuan respectively, with corresponding net profits of 1.42 billion, 1.55 billion, and 1.67 billion yuan [5] - The company’s earnings per share (EPS) is expected to grow from 2.75 yuan in 2024 to 3.42 yuan in 2027 [6]

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [7] Core Views - The company is expected to see significant growth in its non-net profit for Q1 2025, with a projected increase of 23.63% year-on-year [1] - The company is focusing on enhancing its market presence through the expansion of its store network and new sales channels, which has shown promising results [3] - The company anticipates that reforms will yield positive results in 2025, despite a slight adjustment in profit forecasts due to industry adjustments [5] Financial Performance Summary - For 2024, the company expects revenue of 5.217 billion yuan, with a year-on-year growth of 5.32% [6] - The company's gross profit margin for 2024 is projected to be 82.76%, slightly down from the previous year, while the net profit margin is expected to be 25.71% [4] - The company’s revenue for Q1 2025 is projected at 959 million yuan, with a year-on-year growth of 2.74% [1] Product Performance Summary - The company's mid-range product, Zhenniang No. 8, is a key driver of revenue growth, although the growth rate for mid-range products is under pressure due to high base effects [2] - In 2024, the revenue from high-end and mid-range products was 4.764 billion yuan and 264 million yuan, respectively, with year-on-year growth rates of 1.99% and 29.14% [2] Market Strategy Summary - The company has successfully increased its dealer network, with a total of 61 dealers in 2024, although the average scale of dealers has decreased by 7.02% [3] - The company opened 10,000 new stores in 2024, focusing on key markets to expand its market share [3] Financial Projections Summary - The company’s projected revenue for 2025 is 5.484 billion yuan, with a net profit of 1.416 billion yuan, reflecting a growth rate of 5.58% [6] - The projected PE ratios for 2025, 2026, and 2027 are 15.49X, 14.18X, and 13.15X, respectively [5]

根据《公司法》《上市公司章程指引》等相关法律法规的规定，公司拟不再设置监事 会，监事会的职权由董事会审计委员会行使，《监事会议事规则》相应废止。同时，公司 依据相关规则对《公司章程》中监事会相关条款及其他条款进行相应修订。 二、《公司章程》修订内容 股票代码：600779 股票简称：水井坊 编号：2025-018 四川水井坊股份有限公司 关于修订《公司章程》暨取消监事会的公告 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。 四川水井坊股份有限公司（以下简称"公司"）于 2025 年 5 月 28 日召开第十一届 董事会 2025 年第四次临时会议，会议审议通过了《关于修订<公司章程>暨取消监事会 的议案》。具体情况如下： 一、关于修订《公司章程》暨取消监事会的原因 | 原条款 | 修改后条款 | | --- | --- | | 第一条 为维护公司、股东和债权人的合法权益,规范公司 | 第一条 为维护公司、股东、职工和债权人的合法权益,规范 | | 的组织和行为,根据《中华人民共和国公司法》(以下简称 | 公司的组织和行为,根据 ...

股票代码：600779 股票简称：水井坊 编号：2025-017 四川水井坊股份有限公司 投保人：四川水井坊股份有限公司 保险人：中国平安财产保险股份有限公司 被保险人： 1、投保人 2、公司董事、监事及高级经理 保险责任：在保险期限内，被保险人因保险合同承保的非故意违法行为而被他人提 出民事赔偿请求而依法应承担的民事赔偿金，以及被保险人为应对持股行权而产生的行 权响应费用、被保险人为避免或降低因赔偿请求可能带来的不利影响而产生的危机管理 费用、被保险个人因遭受个人非证券类赔偿请求而产生的法律服务费用，保险公司对被 保险人负赔偿责任（免赔额除外）。 第十一届监事会 2025 年第一次临时会议决议公告 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。 四川水井坊股份有限公司（以下简称"公司"）于2025 年5 月28 日以通讯表决方式 召开了第十一届监事会 2025 年第一次临时会议。会议通知于 2025 年 5 月 23 日通过电 子邮件方式送达全体监事。会议应参加表决监事3 人，实际参加表决监事3 人。会议的 召集、通知、召开 ...

Core Viewpoint - Sichuan Shui Jing Fang Co., Ltd. has announced the revision of its Articles of Association and the cancellation of the Supervisory Board, transferring its responsibilities to the Audit Committee of the Board of Directors [1][2][3] Summary by Sections Reasons for Revision - The company aims to comply with relevant laws and regulations, including the Company Law and the Guidelines for Articles of Association of Listed Companies, by abolishing the Supervisory Board and transferring its powers to the Audit Committee [1] Changes in Articles of Association - The first article now includes employees as stakeholders alongside shareholders and creditors [1] - The second article updates the registration details, including the unified social credit code [2] - The eighth article clarifies the role of the General Manager as the legal representative of the company [3] - A new ninth article specifies that the legal consequences of civil activities conducted by the legal representative will be borne by the company [4] - The tenth article emphasizes that the company is liable for its debts with all its assets [5] - The eleventh article establishes the Articles of Association as a binding document for the rights and obligations of the company and its stakeholders [5] - The twelfth article defines senior management roles more clearly [6] - The seventeenth article maintains the principle of equal rights for all shares issued [6] - The twenty-third article outlines conditions under which the company may repurchase its shares [7] - The twenty-sixth article states that shares can be transferred according to the law [8] - The thirty-third article details the rights of shareholders, including profit distribution and participation in meetings [9] - The thirty-sixth article specifies conditions under which board resolutions may be deemed invalid [11] - The forty-sixth article outlines the conditions for external guarantees that require shareholder approval [20]

Group 1 - The company has established a Strategic Committee to enhance investment decision-making processes and improve the efficiency and quality of major investment and capital operation decisions [2][4] - The Strategic Committee is responsible for researching the company's medium to long-term development strategies, external investments, major project investments, and capital operation decisions [2][4] - The committee consists of seven members, including at least one independent director, and is chaired by the chairman of the board [3][4] Group 2 - The Strategic Committee has the authority to review the annual operating budget proposed by the management and to organize research and formulate the company's development strategy and medium to long-term development plans [4][6] - The committee is tasked with monitoring the execution of resolutions made by the shareholders' meeting and the board of directors [6][7] - The committee can convene meetings as needed to address urgent matters or proposals from other specialized committees [8][9] Group 3 - The company has also established a Nomination Committee to optimize the composition of the board and improve corporate governance [10][11] - The Nomination Committee is responsible for proposing candidates for directors and senior management, as well as establishing selection criteria and procedures [11][12] - The committee consists of five members, with a majority being independent directors, and is chaired by an independent director [11][12] Group 4 - A Compensation and Assessment Committee has been set up to establish and improve the compensation and assessment management system for directors and senior management [14][15] - The committee is responsible for formulating assessment standards and compensation policies for directors and senior management, which must be submitted to the board for approval [16][18] - The committee consists of five members, with a majority being independent directors, and is chaired by an independent director [15][16] Group 5 - An Audit Committee has been established to strengthen the board's decision-making function and improve the internal control system [24][25] - The Audit Committee is responsible for reviewing financial information, supervising internal and external audits, and ensuring effective internal controls [24][25] - The committee consists of four directors who are not senior management, with a majority being independent directors, and at least one member must be a professional accountant [24][25]

Core Points - The company held its first temporary meeting of the 11th Supervisory Board on May 28, 2025, via communication voting, with all three supervisors participating [2] - The Supervisory Board approved a proposal to purchase professional liability insurance for directors, supervisors, and senior managers to protect their legal rights and reduce risks during their duties [3] - The company plans to revise its Articles of Association to abolish the Supervisory Board, transferring its powers to the Audit Committee of the Board of Directors [3][4] - The company also approved amendments to the Rules of Procedure for Shareholders' Meetings, which will be submitted for shareholder approval [4] Insurance Proposal - The company intends to purchase professional liability insurance from China Ping An Property Insurance Co., Ltd., with a total coverage limit of 100 million yuan [3] - The insurance will cover civil compensation claims due to unintentional violations and related legal service fees, with a premium estimated to be within 360,000 yuan [3] Governance Changes - The proposal to abolish the Supervisory Board received unanimous approval from the participating supervisors and will be submitted to the shareholders' meeting for further consideration [3] - The amendments to the Articles of Association and the Rules of Procedure for Shareholders' Meetings are aimed at aligning with relevant laws and improving governance [4]

证券代码：600779 证券简称：水井坊 公告编号：2025-019 四川水井坊股份有限公司 关于召开2024年年度股东大会的通知 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： ? 股东大会召开日期：2025年6月18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 一、 召开会议的基本情况 （一） 股东大会类型和届次 （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 召开的日期时间：2025 年 6 月 18 日 9 点 30 分 召开地点：成都市青羊区人民中路 1 段 15 号 天府丽都喜来登饭店 （五） 网络投票的系统、起止日期和投票时间 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00 ...