证券代码：603156 证券简称：养元饮品 公告编号：2024-039 河北养元智汇饮品股份有限公司 关于"提质增效重回报"行动方案的公告 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。 河北养元智汇饮品股份有限公司（以下简称"公司"）为深入贯彻党的二十 大和中央金融工作会议精神，积极响应国务院《关于加强监管防范风险推动资本 市场高质量发展的若干意见》和上海证券交易所《关于开展沪市公司"提质增效 重回报"专项行动的倡议》，基于对公司未来发展前景的信心及价值的认可，进 一步提高公司质量，维护投资者尤其是中小投资者合法权益，树立良好的资本市 场形象，制定了 2025 年度"提质增效重回报"行动方案。具体方案如下： 一、聚焦做强主业，提升核心竞争力 公司自 1997 年 9 月 24 日成立后，一直致力于主要以核桃仁为原料的植物蛋 白饮料的研发、生产和销售，开创核桃乳饮料品类。2006 年以来，公司进入快速 发展阶段，目前已成长为我国核桃乳产销量最大的企业。面对市场环境变化以及 消费者差异化、个性化的细分消费需求，公司坚持"稳存量· ...

25.00 元/股（含）调整为不超过人民币 23.40 元/股（含），回购价格调整起始日 为 2024 年 6 月 5 日。具体内容详见公司于 2024 年 5 月 30 日在上海证券交易所网 站（www.sse.com.cn）及指定媒体披露的《养元饮品关于实施 2023 年年度权益分 派后调整回购股份价格上限的公告》（公告编号：2024-023）。 证券代码：603156 证券简称：养元饮品 公告编号：2024-038 河北养元智汇饮品股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2023/12/12 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 年 1 月 年 月 | 2 | 日~2024 | 12 | 31 | 日 | | 预计回购股份数量 | 万股（含）~1,000.00 500.00 | | | | 万股（含） ...

证券代码：603156 证券简称：养元饮品 公告编号：2024-037 河北养元智汇饮品股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 一、 回购股份的基本情况 河北养元智汇饮品股份有限公司（以下简称"公司"、"养元饮品"）于 2023 年 12 月 11 日召开第六届董事会第八次会议，于 2024 年 1 月 2 日召开 2024 年第 一次临时股东大会，均逐项审议通过了《关于以集中竞价交易方式回购公司股份 方案的议案》，同意公司使用自有资金以集中竞价交易方式回购公司股份，回购数 量不低于 500.00 万股（含）且不超过 1,000.00 万股（含），回购价格不超过人民 币 25.00 元/股（含），回购期限为自公司股东大会审议通过回购方案之日起不超 过十二个月，本次回购股份将全部依法予以注销并减少公司注册资本。具体内容 详见公司于 2024 年 1 月 5 日在上海证券交易所网站（www.sse.com.cn）及指定媒 体披露的《养元饮品关于以集中竞价交易方式回购公司股份的回购报告书》（公告 编号：2024-003）。 因实施 2023 年年度权益分派，公司本次回购股份价格上限由不超过人民币 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [2][9] Core Views - The company reported total revenue of 4.229 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 7.81%, while the net profit attributable to the parent company was 1.229 billion yuan, a decrease of 4.69% year-on-year [2] - In Q3 2024, the company achieved total revenue of 1.287 billion yuan, a decline of 18.79% year-on-year, and a net profit of 199 million yuan, down 47.26% year-on-year [2][3] - The company is expanding its dealer network, with the number of dealers increasing to 2,512 by the end of Q3, a net increase of 387 from the previous quarter [3] Revenue and Profitability - For the first three quarters of 2024, the revenue from the distribution channel decreased by 9.79% to 3.965 billion yuan, while the direct sales channel saw an increase of 26.72% to 239 million yuan [3] - The gross profit margin for the first three quarters of 2024 was 46.53%, an increase of 1.22 percentage points year-on-year, while the net profit margin was 29.07%, up 0.96 percentage points year-on-year [3] - In Q3 2024, the gross profit margin was 45.49%, a slight decrease of 0.16 percentage points year-on-year, and the net profit margin was 15.49%, down 8.36 percentage points year-on-year [3] Financial Forecast - The company is expected to achieve net profits of 1.383 billion yuan, 1.509 billion yuan, and 1.702 billion yuan for the years 2024, 2025, and 2026, respectively, with growth rates of 5.74%, 9.06%, and 12.79% [2][3] - The price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are projected to be 19, 18, and 16 times, respectively, based on the market capitalization of 26.7 billion yuan as of October 28 [2]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company reported a total revenue of 4.23 billion yuan for the first three quarters of 2024, a year-on-year decrease of 7.81%, and a net profit attributable to shareholders of 1.23 billion yuan, down 4.7% year-on-year [2] - The revenue for Q3 2024 was 1.29 billion yuan, reflecting a significant year-on-year decline of 18.8%, with a net profit of 199 million yuan, down 47.3% year-on-year [2] - The main business revenue in Q3 2024 was 1.28 billion yuan, a year-on-year decrease of 19.3%, with the walnut milk product continuing its downward trend due to a weak consumption environment [2] - Functional beverages showed a growth of 25% to 30% year-on-year in Q3, with the company maintaining its annual growth expectation of 30% for this segment [2] - The gross profit margin remained stable at 45.5%, with a slight year-on-year decrease of 0.2 percentage points [2] Financial Performance Summary - The company's total revenue for 2022 was 5.923 billion yuan, with a year-on-year decrease of 14.24%. For 2023, the revenue was 6.162 billion yuan, showing a growth of 4.03%. The forecast for 2024 is 5.665 billion yuan, a decrease of 8.07% [1] - The net profit attributable to shareholders for 2022 was 1.474 billion yuan, down 30.16% year-on-year. For 2023, it was 1.467 billion yuan, a slight decrease of 0.46%. The forecast for 2024 is 1.444 billion yuan, a decrease of 1.60% [1] - The latest diluted EPS for 2023 was 1.16 yuan per share, with forecasts of 1.14 yuan for 2024, 1.24 yuan for 2025, and 1.37 yuan for 2026 [1] - The current P/E ratio is 19.23 for 2024, 17.67 for 2025, and 16.03 for 2026 [1] Investment Forecast - The net profit forecasts for 2024, 2025, and 2026 have been slightly adjusted to 1.44 billion yuan, 1.57 billion yuan, and 1.73 billion yuan respectively, reflecting a year-on-year change of -2%, +9%, and +10% [2]

Investment Rating - The report maintains a "Buy" investment rating for the company [1][2] Core Views - The company's profit fell short of expectations due to significant impacts from investment income, with overall consumer demand remaining weak [1] - Revenue growth for the first three quarters of 2024 was in line with expectations, but net profit decreased significantly [1] - The company is focusing on channel expansion for its walnut milk products and increasing the volume of functional beverages, despite short-term performance being affected by overall consumption weakness and investment income losses [1] Summary by Sections Financial Performance - For Q1-Q3 2024, total revenue was 12.87 billion yuan, down 18.79% year-on-year, and net profit attributable to shareholders was 1.99 billion yuan, down 47.26% [1] - The non-recurring net profit for Q1-Q3 was 9.67 billion yuan, a decrease of 9.32% year-on-year [1] - The gross margin for Q1-Q3 was 46.53%, an increase of 1.22 percentage points year-on-year, while the net margin was 29.06%, an increase of 0.95 percentage points year-on-year [1] Regional and Channel Performance - Revenue by region for Q3 2024 was as follows: East China 5.09 billion yuan (down 15.01%), Central China 2.98 billion yuan (down 20.69%), North China 2.59 billion yuan (down 29.67%), and Southwest 1.14 billion yuan (down 6.52%) [1] - Direct sales performance remained stable, while the distribution channel was significantly impacted, with revenue from distribution and direct sales in Q3 2024 being 12.32 billion yuan (down 19.93%) and 0.46 billion yuan (up 1.80%) respectively [1] Earnings Forecast - The company's EPS for 2024-2026 is adjusted to 1.00, 1.19, and 1.37 yuan respectively, with corresponding PE ratios of 21, 18, and 15 times [2] - The forecasted main revenue for 2024 is 5.536 billion yuan, reflecting a decline of 10.1% year-on-year, with a projected growth of 8.1% in 2025 and 9.4% in 2026 [4]

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,286,935,012.16, a decrease of 18.79% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥199,337,816.35, down 47.26% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥192,156,442.99, a decrease of 45.17% compared to the previous year[2]. - Basic earnings per share for Q3 2024 were ¥0.1583, reflecting a decline of 47.00% year-on-year[3]. - The weighted average return on net assets was 2.33%, a decrease of 1.36 percentage points compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 4,228,538,068.56, a decrease of 7.8% compared to CNY 4,586,841,351.20 in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was CNY 1,229,018,551.99, a decline of 4.7% from CNY 1,289,491,195.51 in the previous year[18]. - The total comprehensive income for the third quarter of 2024 was CNY 947,666,339.84, compared to CNY 1,365,769,009.30 in the same period of 2023, indicating a significant decrease[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥12,115,292,645.14, down 24.85% from the end of the previous year[3]. - Total assets decreased to CNY 12,115,292,645.14, down 24.8% from CNY 16,121,288,564.33 year-on-year[15]. - Total liabilities decreased to CNY 2,240,556,170.07, a reduction of 55.8% compared to CNY 5,065,423,345.63 in the previous year[15]. - The company's total equity decreased to CNY 9,874,736,475.07, down 10.7% from CNY 11,055,865,218.70 year-on-year[15]. Cash Flow - The company reported a cash flow from operating activities of -¥119,407,373.74 for the year-to-date[2]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY -119,407,373.74, an improvement from CNY -152,158,697.31 in the previous year[20]. - Cash inflow from operating activities totaled CNY 3,663,325,491.94, down from CNY 4,155,549,989.83 in the same period last year[20]. - The net cash flow from investing activities was CNY 845,942,126.78, compared to CNY 1,867,892,984.88 in the previous year, reflecting a decrease in investment returns[21]. - The company experienced a net cash outflow from financing activities of CNY -3,200,403,589.19, compared to CNY -1,716,354,743.18 in the same period last year[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,878[8]. - The largest shareholder, Yao Kuizhang, holds 267,648,195 shares, accounting for 21.15% of the total shares[8]. - The second-largest shareholder, Yizhi Shun Investment Co., Ltd., holds 232,219,592 shares, representing 18.35%[8]. - The company has a significant relationship with its major shareholders, indicating potential influence on decision-making[10]. Investment and Expenses - Research and development expenses increased to CNY 34,902,608.79, up 52.8% from CNY 22,854,821.50 in the same period last year[18]. - The company's inventory as of September 30, 2024, is ¥522,738,664.00, a decrease from ¥895,654,338.38[13]. - Long-term equity investments decreased to ¥769,496,261.73 from ¥908,007,853.74[13]. - The company reported a financial income of CNY 62,047,010.43, down from CNY 92,307,363.75 in the previous year[18]. - Other comprehensive income after tax for the first three quarters was CNY -281,352,212.15, compared to CNY 76,277,813.79 in the same period last year[18]. Future Plans - The company plans to recover a total of 100% of the capital reduction from Zhongji Investment by the end of 2024, with specific recovery percentages scheduled for each quarter[11]. - The company has not received the planned payments for the first three quarters of 2024 as of the report date[11].

证券代码：603156 证券简称：养元饮品 公告编号：2024-036 河北养元智汇饮品股份有限公司 | 渠道类型 | 2024 | 年 | 1－9 | 月 | 2023 | 年 1－9 月 | 增减变动幅度（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 销售收入 | | | | 销售收入 | | | | 经销 | | | | 396,465.71 | | 439,480.92 | | -9.79 | | 直销 | | | | 23,941.46 | | 18,892.98 | | 26.72 | | 合计 | | | | 420,407.17 | | 458,373.90 | | -8.28 | 2.按区域分类情况 2024 年前三季度经营数据公告 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自律监管指引第 3 号行业信息披露：第十二 号——酒制造》的相关规定，现将河北养元智汇饮品股份有限公司（以下简称 ...

证券代码：603156 证券简称：养元饮品 公告编号：2024-035 河北养元智汇饮品股份有限公司 第六届董事会第十二次会议决议公告 具体内容详见公司同日于上海证券交易所网站（www.sse.com.cn）及指定媒体 披露的《养元饮品 2024 年第三季度报告》。 表决结果：9 票同意，0 票反对，0 票弃权。 2.《关于修订公司<内部审计制度>的议案》 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 河北养元智汇饮品股份有限公司（以下简称"公司"、"养元饮品"）第六届 董事会第十二次会议的通知于 2024 年 10 月 15 日以电子邮件方式发出，并于 2024 年 10 月 25 日在公司三楼会议室以现场结合通讯的方式召开。本次会议由公司董 事长姚奎章先生召集并主持，会议应出席董事 9 名，实际出席董事 9 名，以通讯方 式出席董事 1 名，公司监事及高级管理人员列席了此次会议。本次会议的召集、召 开和表决方式符合《公司法》《公司章程》的规定，合法有效。 二、董事会会议审议情况 本次会议审议并通过 ...

证券简称：养元饮品 证券代码：603156 投资者关系活动记录表 编号：20241015 | --- | --- | --- | |----------------|---------------------------|----------------------------------------------------------------------------------------------| | | | | | | £ 特定对象调研 £ | 分析师会议 | | | □ 媒体采访 R | 业绩说明会 | | 投资者关系活动 | £ 新闻发布会 | £ 路演活动 | | 类别 | □ 现场参观 | | | | □ | 其他（请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | | 人员姓名 | | | | 时间 | 2024 年 10 月 15 | 日(周二 )下午 15:30~17:00 | | | | | | 地点 | 公 司 通 过 ir.p5w.net | 全 景 网 " 投 资 者 关 系 互 动 平 台 " （ https:// ）采用网络远程的方式召开业绩说 ...