证券代码：600872 证券简称：中炬高新 公告编号：2025-012 中炬高新技术实业（集团）股份有限公司 第十届董事会第二十八次会议决议公告 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个别及连带责任。 中炬高新技术实业（集团）股份有限公司（以下简称：中炬高新、 公司）第十届董事会第二十八次会议于 2025 年 3 月 28 日发出会议通 知，于 2025 年 4 月 8 日上午以现场与通讯相结合的方式召开，现场 会议地址位于公司总部会议室。会议应到董事 8 人，实到 8 人，本次 会议有效表决票数为 8 票。全体监事、高管列席了会议，本次会议的 召集、召开及表决程序符合法律法规及《公司章程》的有关规定。会 议由董事长余健华先生主持，经到会董事认真审议，以书面表决方式， 审议了以下议案： 一、审议通过《公司 2024 年度董事会工作报告》; 表决结果：8 票赞成，0 票反对，0 票弃权。 详见公司同日披露的《中炬高新关于 2024 年度利润分配预案的 公告》，本议案需提交股东大会审议。 四、审议通过《公司关于续聘会计师事务所的预案 ...

证券代码：600872 证券简称：中炬高新 公告编号：2025-014 中炬高新技术实业（集团）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个别及连带责任。 重要内容提示： ●本次利润分配以实施权益分派股权登记日登记的总股本扣除 公司库存股为基数，具体日期将在权益分派实施公告中明确。 ●在实施权益分派的股权登记日前公司总股本或库存股发生变 动的，公司拟维持分配比例不变，相应调整分配总额，并将另行公告 具体调整情况。 ●本次利润分配不会导致公司触及《上海证券交易所股票上市规 则（2024 年 4 月修订）》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、2024 年度利润分配预案内容 （一）利润分配方案的具体内容 根据天职国际会计师事务所（特殊普通合伙）出具的审计报告， 截 至 2024 年 12 月 31 日 ， 本 公 司 2024 年 度 母 公 司 净 利 润 176,414,569.21 元，加年初未分配利润 977,866,161.43 元， ...

Financial Performance - The company's operating revenue for 2024 reached ¥5,518,756,937.25, representing a year-on-year increase of 7.39% compared to ¥5,139,091,906.63 in 2023[24] - The net profit attributable to shareholders for 2024 was ¥893,066,517.48, a significant decrease of 47.37% from ¥1,696,954,088.26 in 2023[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥670,585,671.66, which is an increase of 27.97% from ¥524,015,533.50 in 2023[24] - The net cash flow from operating activities for 2024 was ¥1,087,762,516.91, up 29.20% from ¥841,908,805.69 in 2023[24] - The total assets at the end of 2024 amounted to ¥8,236,864,901.22, reflecting a 22.59% increase from ¥6,718,881,439.74 at the end of 2023[24] - The net assets attributable to shareholders increased by 19.33% to ¥5,614,023,477.67 at the end of 2024, compared to ¥4,704,744,444.34 at the end of 2023[24] - The basic earnings per share for 2024 were ¥1.1438, down 48.03% from ¥2.2010 in 2023[25] - The diluted earnings per share also stood at ¥1.1438, reflecting the same decline of 48.03% compared to the previous year[25] - The weighted average return on equity decreased to 18.24% in 2024, down 25.76 percentage points from 44.00% in 2023[25] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥4.2 per 10 shares, totaling ¥327,247,162.20, which represents 47.90% of the net profit attributable to the parent company for 2024[8] - The cumulative cash dividend amount over the last three accounting years is 634,017,357.40 RMB, with a cash dividend ratio of 166.33% based on the average net profit[166] - The company plans to distribute a total cash dividend of 30,677.02 million RMB in 2024, with the implementation scheduled for May 2024[162] Product Development and Market Expansion - The company launched 29 new products in 2024, covering various categories such as soy sauce, oyster sauce, and chicken essence, to meet diverse consumer needs[34] - The company achieved a net increase of 470 distributors in 2024, bringing the total number of distributors to 2,554, with a county development rate of 75.35% and a city development rate of 95.81%[33] - The company’s new business initiatives on platforms like Tmall and Pinduoduo saw a year-on-year sales growth of 9.3%, with high-end new products achieving over 9.74 million exposures[34] - The company is actively pursuing external growth through potential acquisitions and has established an overseas division to support market expansion strategies[35] - The company plans to enhance its product development efficiency and focus on new products in the soy sauce, chicken essence powder, oyster sauce, and compound seasoning markets, emphasizing organic, reduced salt, and high-temperature sterilization products[109] Operational Efficiency and Cost Management - The company implemented a price adjustment policy for certain products in 2024 to restore competitive positioning and focus resources on key customers[34] - The company established a supply chain transformation team to enhance production management and optimize procurement models, resulting in significant cost reductions[35] - The operating cash flow increased by 29.20% to RMB 1.09 billion, driven by increased revenue and lower raw material costs[52] - The gross profit margin for the manufacturing sector was 37.28%, a decrease of 0.50 percentage points compared to the previous year[57] - The company has reduced operational costs by 5%, resulting in improved profit margins[130] Research and Development - The company has over 316 R&D personnel, accounting for 8.08% of the total workforce, and has obtained over 200 patents[46] - The total R&D expenditure was CNY 164.82 million, accounting for 2.99% of operating revenue, with a decrease of CNY 15.83 million year-on-year, a reduction of 8.76%[69] - The company is investing 200 million yuan in R&D for new technologies aimed at enhancing product efficiency[131] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product quality and efficiency[134] Environmental and Social Responsibility - The company is committed to sustainable development, emphasizing eco-friendly packaging and low-carbon production processes[103] - The company invested 16 million CNY in environmental protection during the reporting period[173] - The wastewater treatment capacity of Guangdong Meiwei Xian Food Co., Ltd. is 3,500 m³ per day, while Guangdong Chubang Food Co., Ltd. has a capacity of 2,500 m³ per day[177] - The company has established a mechanism for environmental protection and pollution prevention, including the operation of two wastewater treatment plants[177] - The company has set up online monitoring systems for various pollutants, including COD, pH, and nitrogen oxides, in compliance with local environmental bureau requirements[183] Corporate Governance and Compliance - The company held 7 board meetings during the reporting period, ensuring diligent and honest performance by the board members[122] - The company conducted 5 supervisory board meetings, with supervisors fulfilling their duties responsibly and ensuring compliance with financial regulations[123] - The company has not experienced any insider trading or information leakage incidents during the reporting period, adhering strictly to disclosure regulations[123] - The company’s management team operates in compliance with the company’s articles of association and board resolutions, ensuring transparent operations[122] - The company faced regulatory penalties, with supervisor Song Weiyang receiving public reprimands for failing to disclose financial reports on time, leading to warnings from the Shenzhen Securities Regulatory Bureau[138] Strategic Initiatives and Future Outlook - The company aims to achieve three main goals by 2025: complete at least one industry acquisition, ensure revenue growth not lower than industry peers, and build three core capabilities: refined marketing, continuous innovation, and lean operations[107] - The company plans to leverage mergers and acquisitions to further expand market share and drive industry resource integration[104] - The company is focusing on digital transformation, utilizing AI and big data for supply chain management and precise marketing[102] - The company is exploring potential acquisitions to further enhance its market position, with a budget of 500 million yuan allocated for this purpose[131] Legal and Litigation Matters - The company faced significant litigation issues, including three lawsuits regarding land use rights totaling 1,043.8251 acres, 1,129.6675 acres, and 797.05315 acres[192] - The company has successfully reached a settlement in the aforementioned lawsuits, with the court allowing the withdrawal of all three cases[193] Financial Management - The company reported a total guarantee amount of 1 billion RMB, which includes guarantees to subsidiaries[200] - The company has no overdue guarantees and has not provided guarantees to shareholders or related parties[200] - The current auditor for the company is Tianzhi International Accounting Firm, with an audit fee of 1 million yuan for the current period[190]

二、前10名无限售条件股东持股情况 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 1.1438 | 2.2010 | -48.03 | -0.7682 | | 每股净资产（元） | 0 | 5.99 | -100 | 3.83 | | 每股公积金(元) | 0.54 | 0 | 0 | 0 | | 每股未分配利润(元) | 5.93 | 5.36 | 10.63 | 3.44 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 55.19 | 51.39 | 7.39 | 53.41 | | 净利润(亿元) | 8.93 | 16.97 | -47.38 | -5.92 | | 净资产收益率(%) | 18.24 | 44.00 | -58.55 | -17.41 | 数据四舍五入，查看更多财务数据>> 三、分红送配方案情况 10派4.2元(含税) 前十大流通股东累计持有： 30796.89万 ...

中炬高新（600872）公告，2024年公司归属于上市公司股东的净利润为8.93亿元，同比下降47.37%。总 资产为82.37亿元，较去年增长22.59%。归属于上市公司股东的净资产为56.14亿元，同比增加19.33%。 营业收入达到55.19亿元，同比增长7.39%。扣除非经常性损益的净利润为6.71亿元，同比增长27.97%。 经营活动产生的现金流量净额为10.88亿元，同比增长29.2%。基本每股收益和稀释每股收益均为1.14 元，同比下降48.03%。加权平均净资产收益率为18.24%，减少25.76个百分点。 ...

证券代码：600872 证券简称：中炬高新 公告编号：2025-011 中炬高新技术实业（集团）股份有限公司 关于公司副总经理辞职的公告 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个别及连带责任。 中炬高新技术实业（集团）股份有限公司（以下简称：公司）董 事会于近日收到公司副总经理吴剑先生的辞职报告。吴剑先生因个人 原因申请辞去公司副总经理职务。根据《公司法》《公司章程》等有 关规定，吴剑先生的辞职报告自送达公司董事会之日起生效。辞职后， 吴剑先生将不在公司及下属子公司担任任何职务，其辞职不会对公司 的正常运作及经营管理产生影响。 截至本公告日，吴剑先生持有公司股份 365,443 股（因公司股权 激励已获授但尚未解除限售的限制性股票 365,443 股），吴剑先生辞 职后其所持公司股份将依据相关法律、法规、规范性文件及公司《2024 年限制性股票激励计划》的相关规定进行管理。 特此公告。 中炬高新技术实业（集团）股份有限公司董事会 2025 年 4 月 2 日 1 ...

Investment Rating - The report suggests a stable configuration value for the liquor sector, indicating a defensive characteristic despite being in a bottoming phase [1][11]. Core Viewpoints - The liquor industry is currently experiencing a downtrend in market sentiment, similar to the period from late 2014 to 2015, with a slight decline in overall sales due to weak demand [1][10]. - The price of Feitian Moutai has decreased by approximately 50 yuan week-on-week, with the original box price falling below 2200 yuan, indicating a soft demand in the off-season [1][10]. - The report anticipates that the price of Feitian Moutai will fluctuate between 2100 and 2200 yuan before the upcoming peak seasons of Mid-Autumn and National Day, while monitoring the recovery of business demand [1][11]. - Despite the price drop, market sentiment towards the liquor sector remains stable, with expectations for a smooth performance in Q1 2025 for most liquor companies [1][11]. - The report highlights potential offensive opportunities in the liquor sector due to ongoing policy implementations that may bolster economic recovery expectations [2][11]. Summary by Sections Liquor Sector - The liquor sector is in a downtrend but shows signs of stabilization, with a focus on high-end brands like Guizhou Moutai and Wuliangye, which are expected to benefit from resilient consumer demand [2][11]. - Recommendations include focusing on high-end liquor with solid pricing and market positioning, as well as cyclical stocks with potential for growth [2][11]. Soft Drinks - The soft drink sector is entering a peak season, with an upward turning point in market sentiment. The report expresses optimism for improved performance in 2025, particularly for companies like Nongfu Spring and Dongpeng Beverage [3][12]. Snacks - The snack industry continues to thrive due to the release of new channels and product categories, with companies like Weilong and Yanjinpuzi expected to perform well [3][13]. Restaurant Chains - The restaurant chain sector is stabilizing at a low point, with strong growth in customized meal preparation services benefiting from the trend towards standardized dishes in chain restaurants [3][4][13].

中炬高新技术实业（集团）股份有限公司（以下简称：公司）第 十届董事会、监事会任期将于 2025 年 3 月 22 日届满，鉴于公司新一 届董事会、监事会候选人的提名工作尚未完成，为保证公司董事会、 监事会相关工作的连续性和稳定性，公司董事会、监事会的换届选举 将适当延期，公司董事会各专门委员会委员及高级管理人员的任期亦 相应顺延。 公司正在积极筹备换届选举相关工作，将于本公告发布后不超过 2 个月内完成换届选举工作。在换届选举工作完成前，公司第十届董 事会和监事会全体成员、董事会各专门委员会委员及现任高级管理人 员将依照相关法律、法规和《公司章程》等有关规定继续履行相应的 义务和职责。公司董事会、监事会延期换届不会影响公司的正常运营。 公司将积极推进董事会、监事会换届选举工作进程，并及时履行信息 披露义务。 证券代码：600872 证券简称：中炬高新 公告编号：2025-010 中炬高新技术实业（集团）股份有限公司 关于董事会、监事会延期换届的提示性公告 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个别及连带责任。 特此公告。 中炬高 ...

证券代码：600872 证券简称：中炬高新 公告编号：2025-009 表决结果：8 票赞成，0 票反对，0 票弃权。 1、战略委员会：余健华（召集人）、林颖、方祥、甘耀仁、李 刚、万鹤群、刘戈锐； 2、审计委员会：甘耀仁（召集人）、方祥、李刚、余健华、万 鹤群； 3、提名委员会：方祥、甘耀仁、李刚、余健华、梁大衡；经委 员会选举，方祥当选提名委员会召集人； 中炬高新技术实业（集团）股份有限公司 第十届董事会第二十七次会议决议公告 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个别及连带责任。 中炬高新技术实业（集团）股份有限公司（以下简称：中炬高新、 公司）第十届董事会第二十七次会议于 2025 年 3 月 13 日发出会议通 知，于 2025 年 3 月 18 日上午以现场与通讯相结合的方式召开。会议 应到董事 8 人，实到 8 人，本次会议有效表决票数为 8 票。部分高管 列席了会议，本次会议的召集、召开及表决程序符合法律法规及《公 司章程》的有关规定。会议由董事长余健华先生主持，经到会董事认 真审议，以书面表决方式，审议通过了以 ...

Investment Rating - The report maintains a positive outlook on the liquor sector, suggesting a focus on optional consumption and service consumption price performance, particularly in the context of the recent recovery in trading sentiment [1][7]. Core Insights - The liquor industry is currently experiencing a gradual decline in its economic climate, with expectations hinging on actual consumption performance validating recent policy implementations [1][7]. - The report highlights that the price stability of premium liquor, particularly the slight recovery in the price of Feitian Moutai, is positively impacting channel profits and asset expectations [1][8]. - The report anticipates that the upcoming performance period will primarily focus on clearing inventory, with expectations for improved feedback from channels and liquor companies as the spring festival approaches [8]. Summary by Sections Liquor Sector - The liquor sector's PE-TTM is approximately 20X, positioned at the 13th percentile over the past three years and the 8th percentile over the past five years, indicating it is still in a cyclical bottom range [2][8]. - The report suggests focusing on cyclical stocks with potential catalysts, including national brands like Luzhou Laojiao and Shanxi Fenjiu, as well as high-end brands like Guizhou Moutai and Wuliangye, which are expected to benefit from robust consumer demand [2][8]. Soft Drinks - The soft drink sector is showing signs of recovery, with categories like sugar-free tea, energy drinks, and protein drinks experiencing strong growth [3][9]. - East Peak's annual report indicates a revenue of 15.839 billion yuan for 2024, a year-on-year increase of 40.6%, and a net profit of 3.327 billion yuan, up 63.1% [3][9]. Snacks - The snack industry continues to thrive, with new channels and product innovations driving growth, despite market expectations of a slowdown in Q1 [10]. - The report highlights the potential for high growth in 2025 through category exploration and channel expansion, recommending companies like Weilang and Yanjin Puzhou [10]. Restaurant Chains - The restaurant chain sector is stabilizing at the bottom, with the seasoning segment performing relatively well due to the trend of restaurant chain standardization [11]. - The report suggests that as restaurant consumption policies strengthen, related sectors may see significant performance elasticity and valuation improvements, recommending stocks like Angel Yeast and Qingdao Beer [11].