证券代码：603170 证券简称：宝立食品 公告编号：2024-021 上海宝立食品科技股份有限公司 关于 2023 年度暨 2024 年第一季度业绩说明会召开情况的公告 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。 上海宝立食品科技股份有限公司（以下简称"公司"）于 2024 年 5 月 9 日 (星期四)上午 09:00-10:00 通过上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/）举行了 2023 年度暨 2024 年第一季度业绩说明会， 现将本次业绩说明会的召开情况公告如下： 一、业绩说明会的召开情况 公司于 2024 年 4 月 26 日在《中国证券报》《上海证券报》《证券时报》《证 券日报》《经济参考报》及上海证券交易所网站（www.sse.com.cn）披露了《关于 召开 2023 年度暨 2024 年第一季度业绩说明会的公告》（公告编号：2024-020）。 2024 年 5 月 9 日上午 09:00-10:00，公司董事、总经理何宏武先生，董事、财务 总监任 ...

Investment Rating - The investment rating for the company is "Cautious Recommendation" (maintained) [6]. Core Views - The company reported a revenue of 2.37 billion yuan in 2023, representing a year-on-year increase of 16.3%, and a net profit attributable to shareholders of 300 million yuan, up 39.8% [6]. - In Q1 2024, the revenue was 620 million yuan, a 15.7% increase year-on-year, while the net profit attributable to shareholders decreased by 20.4% to 60 million yuan [6]. - The growth in the B-end business is driven by deepening cooperation with major clients, despite a weaker performance in the C-end due to structural changes in online channels and high base pressure [6]. Summary by Sections Financial Performance - For the full year 2023, the company achieved a gross margin of 33.1%, down 1.4 percentage points year-on-year, primarily due to an increase in the B-end business proportion and the ramp-up of baking capacity [6]. - The net profit margin for 2023 was 12.7%, an increase of 2.1 percentage points year-on-year, while the non-recurring net profit margin decreased by 0.3 percentage points [6]. - The company expects net profits for 2024 to be 279 million yuan, a decrease of 7.2% year-on-year, with projected earnings per share (EPS) of 0.70 yuan [11]. Business Segments - The B-end business has shown strong growth, with revenue from the recovery business increasing by 29.3% in 2023 and 27.7% in Q1 2024, driven by increased demand from dining services and downstream clients [6]. - The C-end business is anticipated to recover as new products are continuously introduced, and the company's strategy is adjusted accordingly [6]. Market Outlook - The company is expected to maintain a stable growth trajectory in the B-end business, with further expansion into small B channels anticipated to contribute to revenue once established [6]. - Long-term growth is supported by category expansion through partnerships and investments, enhancing product offerings and R&D services for clients [6].

公 司 报 告 公 司 年 报 点 评 证 券 研 究 报 告 2024年04月26日 食品饮料 宝立食品(603170.SH) 复调主业良性增长，轻烹业务边际好转 推荐 ( 维持) 事项： 股价:15.35元 | --- | --- | |------------------------|-----------------------------------| | 行业 | 食品饮料 | | 公司网址 | www.bolexfoods.com | | 大股东 / 持股 | 杭州臻品致信投资合伙企业 ( 有限合 | | | 伙 )/30.60% | | 实际控制人 | 马驹 , 胡珊 , 周琦 , 沈淋涛 | | 总股本 ( 百万股 ) | 400 | | 流通 A 股 ( 百万股 ) | 159 | | 流通 B/H 股 ( 百万股 ) | | | 总市值 ( 亿元 ) | 61 | | 流通 A 股市值 ( 亿元 ) | 24 | | 每股净资产 ( 元 ) | 3.53 | | 资产负债率 (%) | 20.6 | | | | | 行情走势图 | | 证券分析师 | --- | --- | |----- ...

证 券 研 究 报 告 事项： 公司发布 2023年报及2024年一季报，2023年实现收入23.7亿元，同比+16.3%； 归母净利润 3.0 亿元，同比+39.8%。23Q4 实现收入 6.1 亿元，同比+8.6%；归 母净利润 0.6 亿元，同比-3.0%。24Q1 实现收入 6.2 亿元，同比+15.7%；归母 净利润 0.6 亿元，同比-20.4%。整体符合此前预期。 评论： 23 年营收同比+16.3%，24Q1 渠道分化趋势延续，其中 B 端较快增长，C 端 逐步恢复 。 分 业 务 来 看 ， 23 年 复 合 调 味 料 / 饮 品 配 料 收 入 分 别 同 比 +29.3%/+8.3%，而轻烹解决方案同比+1.4%，其中主要受到 C 端空刻拖累（23 全年营收 8.7 亿，同比-0.6%）。分渠道来看，23 全年直销/非直销营收分别同 比+12.6%/+20.2%，其中百胜贡献收入 3.9 亿左右，同比+38.3%。单 24Q1 公 司复调延续较快增长，Q1 收入同比+27.7%，一是下游需求景气延续，二是今 年春节备货节奏更晚（合并 23Q4+24Q1 复调同比+23.6%），轻烹营收 ...

Financial Performance - The net profit attributable to shareholders for 2023 is RMB 301,035,468.50, with a proposed cash dividend of RMB 3.75 per 10 shares, totaling RMB 150,003,750, which accounts for 49.83% of the net profit[5]. - The company's operating revenue for 2023 reached ¥2,369,000,730.80, representing a year-on-year increase of 16.31% compared to ¥2,036,783,645.71 in 2022[21]. - Net profit attributable to shareholders was ¥301,035,468.50, a significant increase of 39.78% from ¥215,363,353.13 in the previous year[21]. - The net profit for the year was 311 million RMB, with a year-on-year increase of 35.03%[34]. - The company's main business revenue was CNY 231,068,210, reflecting a 14.04% year-on-year increase, with main business costs rising by 15.64% to CNY 152,940,180[68]. - The gross margin for the compound seasoning segment decreased by 3.71 percentage points to 21.17%, while the light cooking solution segment's gross margin increased by 4.90 percentage points to 49.91%[70]. - The company achieved a capital increase of 143 million RMB from a partnership with Yum China, resulting in a 60% ownership stake in its subsidiary Zhejiang Baoli[40]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 34.01% to ¥166,476,870.38, down from ¥252,279,916.54 in 2022[22]. - The company has established a cash dividend policy, ensuring that cash dividends distributed will not be less than 10% of the distributable profits if there are no significant cash expenditure events[152]. - For 2023, the company plans to distribute a cash dividend of RMB 3.75 per 10 shares, amounting to RMB 150,003,750, which is 49.83% of the net profit attributable to shareholders[159]. - The total distributable profit available to shareholders as of December 31, 2023, is RMB 208,257,746.04[159]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Certified Public Accountants[4]. - The company has appointed Tianjian Certified Public Accountants as its auditing firm[19]. - The internal control audit report for 2023 received a standard unqualified opinion from Tianjian Accounting Firm[169]. - The audit fees have not decreased by more than 20% compared to the previous year[200]. - The company has not faced any delisting risk or bankruptcy reorganization issues[200]. Market and Product Development - The company plans to continue expanding its market presence and investing in new product development to drive future growth[24]. - The company sold over 2,500 types of products in the B-end market, with nearly 60% of these products developed in the last three years[35]. - The company launched new flavors for its C-end brand, including "Thai Spicy Tom Yum" and "Spicy Lobster" pasta, enhancing its product offerings[35]. - The company is expanding its production capacity with a new facility in Shandong, expected to be operational by 2025, addressing the demand for compound seasonings[41]. - The company is actively pursuing strategic partnerships to strengthen its market position and expand its product offerings in the food industry[40]. Supply Chain and Operations - The company has established a comprehensive supply chain management capability, enhancing procurement, production management, quality control, and digital marketing[65]. - The company is focusing on optimizing procurement costs through centralized purchasing and reducing supply chain risks by engaging in raw material trading[40]. - The company has a strong R&D capability, continuously innovating and adapting to market preferences, which has created a significant technical experience barrier[58]. - The company has established long-term stable partnerships with major restaurant chains and large food industry enterprises, gaining widespread recognition and praise[53]. Governance and Management - The company’s management team includes individuals with varying ages, with the youngest being 29 and the oldest being 61[126][127]. - The company’s board of directors consists of a mix of executive and independent directors, ensuring a balance of power and oversight[126]. - The company has established a remuneration and assessment committee to oversee compensation matters[134]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,008.13 million, with the chairman receiving CNY 121.49 million[126][127]. Environmental and Social Responsibility - The company invested 2.6352 million yuan in environmental protection during the reporting period[171]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[172]. - Total donations for social responsibility projects amounted to 130,000 yuan, including cash and material contributions[175]. - The company introduced an "eco-friendly box" for its new product, saving approximately 85.7% in paper usage compared to previous packaging[175]. Risks and Challenges - The company faces risks related to food quality control, including potential lapses in the supply chain that could impact product quality and sales[115]. - The company is exposed to raw material price volatility, which significantly affects its cost structure and profit margins[117]. - The company acknowledges the risk of losing major customers, which could adversely affect its production and operations if not mitigated[118].

证券代码：603170 证券简称：宝立食品 公告编号：2024-019 上海宝立食品科技股份有限公司 关于召开 2023 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： 一、 召开会议的基本情况 (一)股东大会类型和届次 2023 年年度股东大会 (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：2024 年 5 月 17 日 14 点 30 分 召开地点：上海市松江区茸悦路 208 弄上海富悦大酒店 3 楼 1 号会议厅 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。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪 ...

上海宝立食品科技股份有限公司 2023 年度独立董事述职报告（李斌） 2023 年度，作为上海宝立食品科技股份有限公司（以下简称"公司"）的独 立董事，本人李斌以维护全体股东利益为出发点，严格按照《中华人民共和国公 司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）《上市公司独立董事管理办法》《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》等相关法律法规及《公司章程》等有关规定，切实履行 了独立董事职责，独立、勤勉、负责地行使职权。现就 2023 年度履行职责情况 汇报如下： 一、独立董事的基本情况 （一）基本履历 本人李斌，1972 年 10 月出生，中国国籍，无境外永久居留权，博士学历。 1994 年 9 月至 2019 年 10 月，历任华中农业大学食品科学技术学院助教、讲师、 副教授、教授、副院长、院长等职务；2009 年 1 月至今，担任华中农业大学食品 科学技术学院教授；2019 年 10 月至今，担任华中农业大学研究生院常务副院长； 2020 年 9 月至今，担任公司独立董事。 （二）是否存在影响独立性的情况说明 根据证监会《上市公司独立董事管理 ...

目 录 | 一、审计报告……………………………………………………… 第 1—6 | | | 页 | | | --- | --- | --- | --- | --- | | 二、财务报表……………………………………………………… 第 7—14 | | | 页 | | | （一）合并资产负债表…………………………………………… | 第 | 7 | 页 | | | （二）母公司资产负债表………………………………………… | 第 | 8 | 页 | | | （三）合并利润表………………………………………………… 第 | | 9 | | 页 | | （四）母公司利润表………………………………………………第 | 10 | | 页 | | | （五）合并现金流量表……………………………………………第 | 11 | | 页 | | | （六）母公司现金流量表…………………………………………第 | 12 | | 页 | | | （七）合并所有者权益变动表……………………………………第 | 13 | | 页 | | | （八）母公司所有者权益变动表…………………………………第 | 14 | | 页 | | | | | 审 计 报 ...

证券代码：603170 证券简称：宝立食品 公告编号：2024-018 上海宝立食品科技股份有限公司 关于修订《公司章程》及修订、制定部分公司治理制度的公告 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。 为进一步提高公司的规范运作水平,上海宝立食品科技股份有限公司（以下 简称"公司"）于 2024 年 4 月 25 日召开第二届董事会第六次会议，审议通过了 《关于修订<公司章程>及修订、制定部分公司治理制度的议案》，具体情况如下： 一、关于修订公司章程部分条款的相关情况 根据《上市公司章程指引》《上市公司独立董事管理办法》《上海证券交易所 股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 《上市公司监管指引第 3 号——上市公司现金分红》等法律、法规、规范性文件 的相关规定，结合公司实际，拟将《公司章程》的部分条款进行相应修订，并形 成《上海宝立食品科技股份有限公司章程（2024 年 4 月修订）》，具体修订内容 如下： | 修改前 | 修改后 | | --- | --- | | 第四十二条 公司下 ...

上海宝立食品科技股份有限公司 2023 年度内部控制评价报告 上海宝立食品科技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2023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控制变得不恰当，或对控制政策 ...