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）《2024 年限制性股票激励计划（草案）》（以下简称：本次激励计划）规定 的公司 2024 年限制性股票激励计划的授予条件已经成就。根据公司 2023 年年度股东大会授权，公司于 2024 年 6 月 4 日召开第十届董事 会第二十二次会议和第十届监事会第十三次会议，审议通过了《关于 向公司 2024 年限制性股票激励计划激励对象授予限制性股票的议 案》，确定限制性股票授予日为 2024 年 6 月 4 日，向符合授予条件 的 255 名激励对象授予 1223.4422 万股限制性股票。具体内容详见公 司 2024 年 6 月 5 日披露于上海证券交易所网站（www.sse.com.cn） 的《中炬高新关于向公司 2024 年限制性股票激励计划激励对象授予 限制性股票的公告》（公告编号：2024-039）。 证券代码：600872 证券简称：中炬高新 公告编号：2024-042 中炬高新技术实业（集团）股份有限公司 关于 ...

中炬高新 2024 年第一次临时股东大会资料 中炬高新技术实业（集团）股份有限公司 2024 年第一次临时股东大会会议资料 六、会议结束。 会议时间：2024 年 6 月 21 日 14 点 30 分 会议地点：广东省中山火炬开发区厨邦路 1 号 广东美味鲜调味食品有限公司综合楼 904 中炬高新 2024 年第一次临时股东大会资料 中炬高新 2024 年第一次临时股东大会议程 一、董事长主持会议，并宣布会议开始； 二、选举大会计票员、监票员； 三、审议《关于变更部分回购股份用途、减少公司注册资本暨修订<公 司章程>的议案》； 四、讨论、审议，并对上述议案进行表决； 五、董事会秘书宣读表决结果； 1 中炬高新 2024 年第一次临时股东大会资料 中炬高新技术实业（集团）股份有限公司 关于变更部分回购股份用途、减少公司注册资本暨 修订《公司章程》的议案 各位股东： 中炬高新技术实业（集团）股份有限公司（以下简称：公司）《2024 年 限制性股票激励计划（草案）》（以下简称：本次激励计划）及相关议案已 获公司 2023 年年度股东大会审议通过，且本次激励计划已确定拟授予股权 激励的股份数量。现就部分回购股份的用途 ...

Summary of the Conference Call on Zhongju Gaoxin Company Overview - Zhongju Gaoxin is a well-known player in the food and beverage industry, particularly recognized for its soy sauce products. The company has undergone significant changes in governance and management since last year, including a new board of directors and a revamped executive team, which are expected to drive a new phase of development for the company [3][4][6]. Key Points and Arguments Business Transformation - The company has shifted its focus towards core operations in the condiment sector, particularly soy sauce, which has seen steady sales growth despite some pricing pressures due to industry factors and internal management issues [4][6]. - The company’s business structure is heavily weighted towards its kitchen brands and condiment products, accounting for over 60% of its operations [4]. Market Dynamics - The food and beverage industry is experiencing stable growth, with structural changes towards healthier and higher-quality products. Trends such as convenience and composite products are becoming more prevalent [7][10]. - The market has transitioned from bulk to packaged products, with a concentration of brands emerging over the past two to three decades [8][9]. Sales Channels and Consumer Behavior - The recovery of the restaurant sector has been uneven, impacting the sales of condiments that are heavily reliant on food service channels. However, there are structural growth opportunities in other areas, such as home cooking and small-scale food services [10][11]. - Changes in consumer purchasing habits post-pandemic have led to a shift in sales channels, with traditional supermarkets seeing weaker performance compared to fresh food stores and e-commerce platforms [11]. Strategic Goals and Financial Outlook - The company has set ambitious three-year growth targets, aiming for significant revenue increases while also focusing on improving operating profit margins and return on equity (ROE) [14][15]. - There is a strong emphasis on cost efficiency and supply chain improvements, which are expected to enhance profitability in the long term [15][21]. Product Focus and Innovation - The company is concentrating on core product lines, including zero-additive soy sauce and other condiments, to strengthen its market position and expand its product matrix [16]. - The company is also exploring mergers and acquisitions as a means to accelerate growth and enhance its competitive edge in the market [18][19]. Real Estate and Other Income - Real estate income has shown volatility in recent years, but the company does not plan to prioritize new developments moving forward. Existing projects may gradually be released over the coming years [22][24]. - The company anticipates a reduction in fluctuations from non-operating income sources, which have previously impacted financial stability [23]. Valuation and Market Position - The current valuation of Zhongju Gaoxin is positioned around the industry average, with potential for upward movement as management reforms and strategic initiatives take effect [25]. - The company is expected to present more positive financial results in the near future, driven by operational improvements and strategic shifts [25][26]. Additional Important Insights - The company’s management changes and strategic realignments are seen as critical to unlocking future growth potential and improving overall performance [20][25]. - The focus on enhancing marketing strategies and expanding distribution networks is expected to yield significant benefits in market penetration and brand visibility [17][25].

Financial Data and Key Metrics Changes - The company has undergone significant changes in governance and management since last year, leading to a new phase of development [3][4] - The main business of the company, soy sauce sales, has seen steady growth, although pricing has been affected by industry factors and internal management issues [4][5] - The company aims for a three-year strategic plan with ambitious growth targets, indicating a focus on both organic and external growth [13][14] Business Line Data and Key Metrics Changes - The company's core business remains focused on kitchen brands and seasoning products, which account for over 60% of total revenue [4][5] - The company has diversified its product offerings, including edible oils and other seasonings, which together represent 90% of the consumer segment [5][6] - The company is enhancing its product matrix by focusing on zero-additive soy sauce and other advantageous categories [15][16] Market Data and Key Metrics Changes - The company has a balanced market presence across various regions, with over 30% of its business in the southern region, while also expanding in the central and northern markets [5][6] - The industry is experiencing structural changes, with a shift towards healthier and higher-quality products, which is expected to drive growth in the soy sauce category [7][8] - The recovery of the restaurant sector has been gradual, impacting the sales of seasoning products that are heavily reliant on this channel [9][10] Company Strategy and Development Direction - The company is focusing on internal management reforms and operational improvements, with a clear strategy for brand and product focus [11][12] - The management has set ambitious targets for revenue and profit margins, indicating a strong commitment to improving operational efficiency [14][15] - The company is exploring external growth opportunities through acquisitions, aiming to enhance its market position and product offerings [18][19] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the challenges posed by the competitive landscape but remains optimistic about the company's growth potential [20][21] - There is an expectation of cost reductions in raw materials and logistics, which could positively impact profit margins in the coming quarters [21][22] - The company plans to gradually reduce its focus on real estate development, shifting towards its core business [23][24] Other Important Information - The company has experienced fluctuations in non-operating income due to various legal and operational issues, but these are expected to stabilize [24][25] - The current valuation of the company is positioned around the industry average, suggesting potential for upward movement as management reforms take effect [25][26] Q&A Session Summary Question: What are the company's growth targets for the next three years? - The company has set ambitious growth targets, aiming for a compound annual growth rate of around 15%, which includes both organic and external growth strategies [13][14] Question: How does the company plan to improve its operational efficiency? - The management is focused on enhancing supply chain efficiency and reducing manufacturing costs, which are expected to provide significant improvement opportunities [14][15] Question: What is the company's stance on acquisitions? - The company views acquisitions as a necessary strategy for growth, particularly in expanding its product lines and market reach [18][19]

Key Points Industry/Company - The meeting is related to a specific industry and company, but the name is not disclosed due to confidentiality restrictions. Core Views and Arguments - The meeting focuses on the company's financial performance, industry trends, and macroeconomic factors impacting the business. - The analyst emphasizes the importance of understanding the company's financial statements, industry dynamics, and broader market conditions to identify investment opportunities and risks. Important but Potentially Overlooked Content - The meeting highlights the following key points: - **Financial Performance**: The company's revenue growth, profitability, and cash flow analysis. - **Industry Trends**: Overview of the industry landscape, including market size, growth drivers, and competitive landscape. - **Macroeconomic Factors**: Impact of economic indicators, interest rates, and geopolitical events on the company and industry. - **Investment Opportunities**: Identification of potential investment opportunities based on the company's financial performance and industry outlook. - **Risks**: Assessment of risks associated with the company and industry, including regulatory changes, technological disruptions, and market volatility. References - [1] <doc id='1'> - Confidentiality notice regarding the meeting content.

Financial Data and Key Metrics Changes - The company has undergone significant changes since the management team was restructured last year, leading to a new three-year strategic plan aimed at enhancing company value and stock recommendations [3][5] - The sales volume of soy sauce has been steadily increasing, although pricing has experienced fluctuations due to industry factors and internal management issues [3][4] - The company aims for a compound annual growth rate of approximately 15% over the next three years, with a focus on both organic and external growth [13][14] Business Line Data and Key Metrics Changes - The core business has shifted towards kitchen brands and subsidiaries, with over 90% of sales coming from condiments, including soy sauce and cooking oil [4][6] - The company is focusing on enhancing its product offerings, particularly in health-oriented and high-quality products, as consumer preferences evolve [7][8] - The company is also working on improving its marketing strategies and product focus, particularly in the soy sauce and other condiment categories [16][17] Market Data and Key Metrics Changes - The company has a strong presence in southern China, accounting for over 30% of sales, while also expanding into central and northern regions [4][12] - The restaurant sector's recovery has been gradual, impacting the demand for condiments, but there are structural growth opportunities in certain product categories [9][10] - The company is adapting to changes in consumer purchasing habits, with a notable shift towards fresh supermarkets and e-commerce platforms [10][11] Company Strategy and Development Direction - The company is committed to a long-term growth strategy that includes both internal improvements and potential acquisitions to enhance market position [18][19] - The management team is focused on operational efficiency and cost reduction, with significant room for improvement compared to industry peers [15][21] - Future growth will also involve exploring opportunities in related industries and product categories, not limited to traditional condiments [19][20] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about the company's ability to navigate current market challenges and achieve growth targets, despite past performance being below industry averages [21][23] - There is an expectation for gradual improvements in operational efficiency and profitability, supported by favorable trends in raw material costs [21][22] - The company is also looking to address its real estate business, which has shown volatility, with plans to gradually release existing products while reducing new developments [22][20] Other Important Information - The company is currently positioned in the middle range of its industry peers in terms of valuation, suggesting potential for upward movement [23] - The management has emphasized the importance of aligning incentives and improving team dynamics to drive performance [23][24] Q&A Session Summary Question: What are the company's growth targets for the next few years? - The company has set ambitious growth targets, aiming for a compound annual growth rate of around 15%, focusing on both organic and external growth strategies [13][14] Question: How is the company addressing the challenges in the restaurant sector? - The management noted that while the recovery in the restaurant sector has been slow, there are still structural growth opportunities in certain product categories that the company plans to capitalize on [9][10] Question: What is the company's approach to acquisitions? - The company is open to exploring acquisitions as a means to enhance its market position, particularly in related industries, while ensuring effective management integration [18][19]

Investment Rating - The report initiates coverage with a "Buy" rating for Zhongju Gaoxin [4][5] Core Viewpoints - Zhongju Gaoxin is a leading company in the condiment industry, primarily focusing on soy sauce, with significant market presence in Southern China and expanding nationwide. The company has undergone governance changes and is expected to enter a new operational phase in 2024 following the implementation of its first equity incentive plan and the strategic planning for its core brand, Meiwai Xian [4][12][13]. Company Overview - Zhongju Gaoxin specializes in the condiment sector, with key brands including Chubang and Meiwai Xian. The company has faced stagnation in revenue growth over the past three years, with a reported revenue of 5.139 billion yuan in 2023, a decrease of 3.8% year-on-year. However, the net profit attributable to shareholders was 1.697 billion yuan, showing a significant recovery compared to the average of the past five years [4][13][18]. Product and Market Dynamics - Soy sauce is the company's largest product category, accounting for 58.92% of total revenue, with sales reaching 512,100 tons in 2023. The compound annual growth rate (CAGR) for soy sauce sales from 2018 to 2023 was 4.97%. Despite a decline in average price per ton due to increased competition, there is potential for price recovery as consumer income rises and dining trends improve [4][12][18][32]. Strategic Changes and Management - The company has implemented comprehensive operational reforms, including a new board and management team, which are expected to enhance efficiency and drive long-term growth. An equity incentive plan has been proposed to motivate key personnel, aiming for a doubling of revenue over three years [5][25][26]. Industry Trends - The condiment industry is experiencing a shift towards health-oriented products, with increasing consumer awareness driving demand for healthier options. The market for high-quality soy sauce is expanding, particularly in the premium segment, which has seen a CAGR of 18% from 2015 to 2020 [28][29][32]. The transition from B2B to B2C sales channels is also notable, with a growing emphasis on diverse purchasing methods in the consumer market [35][40].

证券代码：600872 证券简称：中炬高新 公告编号：2024-039 中炬高新技术实业（集团）股份有限公司 关于向公司 2024 年限制性股票激励计划激励对象 授予限制性股票的公告 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： 中炬高新技术实业（集团）股份有限公司（以下简称：公司）于 2024 年 6 月 4 日召开第十届董事会第二十二次会议、第十届监事会 第十三次会议，审议通过了《关于向公司 2024 年限制性股票激励计 划激励对象授予限制性股票的议案》，现将公司《2024 年度限制性 股票激励计划（草案）》（以下简称：本次激励计划或《激励计划》） 授予有关事项进行如下说明： 一、本次激励计划权益授予情况 （一）已履行的决策程序和信息披露情况 1、2024 年 3 月 29 日，公司召开第十届董事会第二十次会议、 第十届监事会第十一次会议，审议通过了《公司 2024 年限制性股票 激励计划（草案）及摘要》《中炬高新限制性股票激励计划管理办法》 《中炬高新 2024 年限制性股票激励计划实施考核管理办 ...

证券代码：600872 证券简称：中炬高新 公告编号：2024-041 (一) 股东大会类型和届次 2024 年第一次临时股东大会 召开的日期时间：2024-06-21 14 点 30 分 召开地点：广东省中山市火炬开发区厨邦路 1 号广东美味鲜调味食品有限公 司综合楼 904 会议厅 (五) 网络投票的系统、起止日期和投票时间。 中炬高新技术实业（集团）股份有限公司 关于召开 2024 年第一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 股东大会召开日期：2024-06-21 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 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 6 月 21 日 至 2024 年 6 月 21 日 采用上海证券交易所网络投票 ...

中炬高新技术实业（集团）股份有限公司章程 中炬高新技术实业（集团）股份有限公司 章 程 （草案） 2024 年 6 月修订 中炬高新技术实业（集团）股份有限公司章程 目 录 | 第一章 | 总则 | 2 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 3 | | 第三章 | 股份 | 3 | | 第一节 | 股份发行 | 3 | | 第二节 | 股份增减和回购 | 4 | | 第三节 | 股份转让 | 5 | | 第四章 | 股东和股东大会 | 5 | | 第一节 | 股东 | 5 | | 第二节 | 股东大会的一般规定 | 7 | | 第三节 | 股东大会的召集 | 9 | | 第四节 | 股东大会的提案与通知 | 10 | | 第五节 | 股东大会的召开 | 11 | | 第六节 | 股东大会的表决和决议 | 13 | | 第五章 | 董事会 | 16 | | 第一节 | 董事 | 16 | | 第二节 | 董事会 | 19 | | 第六章 | 经理及其他高级管理人员 | 22 | | 第七章 | 监事会 | 24 | | 第一节 | 监事 | 24 | | 第二节 | 监 ...