江苏今世缘酒业股份有限公司 关于2024年年度股东大会增加临时提案 暨 2024 年年度股东大会补充通知的公告 证券代码：603369 证券简称：今世缘 公告编号：2025-18 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、 股东大会有关情况 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 603369 | 今世缘 | 2025/5/15 | 二、 增加临时提案的情况说明 1. 股东大会的类型和届次： 2024年年度股东大会 2. 股东大会召开日期：2025 年 5 月 21 日 3. 股权登记日 1. 提案人：今世缘集团有限公司 2. 提案程序说明 公司已于2025 年 4 月 30 日公告了股东大会召开通知，单独持有45.21%股 份的股东今世缘集团有限公司，在2025 年 5 月 8 日提出临时提案并书面提交股 东大会召集人。股东大会召集人按照《上市公司股东会规则》有关规定，现予以 公告。 3. 临时提案的具体内容 议案类型为临时提案 ...

江苏今世缘酒业股份有限公司 2024 年度股东大会会议材料 江苏今世缘酒业股份有限公司 2024 年年度股东大会 会议材料 二○二五年五月二十一日 1 江苏今世缘酒业股份有限公司 2024 年度股东大会会议材料 目 录 一、会议须知 二、会议议程 三、2024 年年度股东大会议案 | 序号 | 议案名称 | | --- | --- | | 1 | 2024 年度董事会工作报告 | | 2 | 2024 年度监事会工作报告 | | 3 | 关于审议公司 年年度报告全文及摘要的议案 2024 | | 4 | 年度财务决算与 年度财务预算报告 2024 2025 | | 5 | 年度利润分配方案 2024 | | 6 | 关于授权以闲置自有资金购买保本型理财产品的议案 | | 7 | 关于修订公司《章程》及部分治理制度的议案 | | 8 | 关于续聘公司 年度审计业务承办机构的议案 2025 | | 9 | 关于购买董责险的议案 | | 10 | 关于制定公司《董事薪酬制度》的议案 | | 11 | 关于增选一名非独立董事的议案 | 本次会议还将听取公司独立董事 2024 年度述职报告。 2 江苏今世缘酒业股份有限 ...

Industry Dynamics - Ten individuals from the liquor industry were recognized as national labor models and advanced workers at a ceremony celebrating the 100th anniversary of the All-China Federation of Trade Unions [3] - A new national standard for rice-flavored liquor will be implemented on May 1, 2026, focusing on sensory quality and production process control, which aims to enhance consumer perception and trust in the product [5] - Five major liquor exhibitions have been included in the "Ten Cities Linkage Sharing Food and Drink" initiative for 2025, organized by various government departments [6] - The first local safety production standard for the Helan Mountain East Ridge wine region will take effect on June 3, 2025, providing guidelines for safety hazard inspections in wine production [7] - Yibin's projected liquor production for 2024 is 213,500 kiloliters, reflecting a year-on-year decrease of 3.6% [7] Company Dynamics - As of April 30, 2024, 21 listed liquor companies reported a total revenue of 443.96 billion yuan, a year-on-year increase of 7.63%, and a net profit of 167.72 billion yuan, up 6.79% [8] - In Q1 2025, 19 listed liquor companies achieved a revenue of 149.32 billion yuan, growing by 2.20%, and a net profit of 63.11 billion yuan, increasing by 2.26% [10] - Major companies like Kweichow Moutai and Luzhou Laojiao are leveraging AI tools to enhance brand influence and operational efficiency [11] - Jiangsu Jinshiyuan has established a Customer Relationship Management Department to improve internal management and resource allocation [11] - Qingdao Beer plans to acquire 100% equity of Shandong Jimo Yellow Wine Factory for 665 million yuan [12]

Core Viewpoint - The Chinese liquor industry is experiencing a deep adjustment in 2024, characterized by declining production and sales, sluggish terminal movement, shrinking consumption scenarios, and insufficient consumer confidence, leading to price inversions for various products [1] Group 1: Industry Trends - The liquor industry is facing dual declines in production and sales, with a notable slowdown in revenue growth for liquor companies in 2024 [1] - The number of liquor companies experiencing revenue declines increased from 2 to 6 compared to the previous year, with brands like Jiu Gui Jiu and Shun Xin Agriculture facing significant downturns for two consecutive years [1] Group 2: Sales Expenses - The total sales expenses for 19 listed liquor companies reached 45.87 billion yuan in the previous year, marking an 11% year-on-year increase, which outpaced revenue growth [2] - The median sales expense ratio rose from 16.26% to 19.1%, indicating a growing burden on companies [2] - Notably, Wu Liang Ye had the highest sales expenses at 10.692 billion yuan, followed by Gu Qing Gong Jiu and Kweichow Moutai [2] Group 3: Management Expenses - The total management expenses for listed liquor companies amounted to 22.85 billion yuan, slightly up from 22.66 billion yuan the previous year, with a median management expense ratio of 7.27% [3] - Eleven companies reported an increase in management expenses, while eight companies saw a decline [3] - Companies like Shanxi Fen Jiu, Shui Jing Fang, and Tian You De Jiu experienced management expense growth exceeding 10% [3] Group 4: Expense Ratios - Jiu Gui Jiu had the highest sales expense ratio at 42.94%, followed by Jin Zhong Zi Jiu at 31.84% and Gu Qing Gong Jiu at 26.22% [4] - Kweichow Moutai had the lowest sales expense ratio at 3.24%, indicating efficient cost management [4] - The management expense ratios for Tian You De Jiu, Jiu Gui Jiu, and Jin Zhong Zi Jiu exceeded 10%, while companies like Wu Liang Ye and Kweichow Moutai maintained lower ratios [4]

Industry Overview - The Chinese liquor industry is undergoing a deep adjustment in 2024, characterized by a decline in both production and sales, a slowdown in terminal sales, shrinking consumption scenarios, and insufficient consumer confidence [1] - The number of liquor companies experiencing revenue decline has increased from 2 to 6 compared to the previous year, with companies like Jiu Gui Jiu and Shun Xin Agriculture facing significant downturns for two consecutive years [1] Contract Liabilities - The total contract liabilities for 19 listed liquor companies in 2024 reached 55.986 billion yuan, an increase of 2.9 billion yuan from the previous year [2] - Major companies such as Wu Liang Ye, Yang He, Guizhou Moutai, and Shanxi Fenjiu accounted for 72% of the total contract liabilities, amounting to 40.299 billion yuan [2] - Luzhou Laojiao reported a contract liability of only 3.978 billion yuan, significantly lower than its peers despite similar revenue levels [2] Changes in Contract Liabilities - Eleven companies saw a decline in contract liabilities, with Guizhou Moutai's liabilities decreasing by 32% from 14.126 billion yuan to 9.592 billion yuan [4] - The reduction in Guizhou Moutai's contract liabilities is attributed to a slowdown in the payment pace from distributors and an increase in direct sales channels [4] Cash Collection Ratio - In 2024, two liquor companies reported a cash collection ratio below 100%, down from five the previous year [5] - Jin Zhong Zi Jiu has consistently reported a cash collection ratio below 100% for two years, with a revenue decrease of 37% and a loss of 258 million yuan in 2024 [5] - The company's core revenue from low-end products decreased by 29%, with significant declines in gross margins across all product categories [6] Summary of Key Financial Metrics - A table summarizes the contract liabilities and cash collection ratios for various companies, highlighting significant changes from 2023 to 2024 [7]

有9家酒企归母净利润低于10亿元，4家净利润低于1亿元。去年只有金种子酒一家酒企亏损，亏损金额 从上年的0.22亿元扩大到2.58亿元。 出品：新浪财经上市公司研究院 作者：浪头饮食/ 郝显 2024年，白酒行业进入深度调整！ "行业产销双线下滑、终端动销整体放缓、消费场景萎缩、消费信心不足，诸多产品价格不同程度倒 挂，"茅台集团党委副书记、总经理王莉2024年中曾对白酒行业发展趋势作出过这样的判断。 在这种背景下，渠道库存问题凸显，头部酒企也频频通过停货稳定价格体系。白酒企业分化进一步加 剧，头部酒企仍能维持稳健增长，中小酒企则开始面对压力。 从上市公司层面来看，2024年酒企收入增速大幅放缓，收入下滑酒企数量从上年的2家增至6家。酒鬼酒 和顺鑫农业已经连续大幅下滑两年。 19家上市白酒公司归母净利润增长7.6% 贵州茅台一家占比达到52% 2024年19家上市白酒公司（剔除*ST岩石（维权）），总共实现归母净利润1668.48亿元，同比增长 7.6%。 贵州茅台去年净利润达到862.28亿元，占上市白酒净利润的近52%，提升了3.48个百分点。其次是五粮 液、泸州老窖和山西汾酒，归母净利润分别为318.5 ...

Group 1 - The core viewpoint is that the liquor industry is entering a phase of stock competition, leading to overall growth pressure and a slowdown in performance for companies like Jinshiyuan [1] - Jinshiyuan's revenue target for 2025 is a year-on-year growth of 5% to 12%, adapting to market changes and maintaining competitive advantages [1] - The adjustment of targets by Jinshiyuan may affect investor confidence in the liquor sector, indicating a need for innovation and differentiation strategies [1] Group 2 - Guyue Longshan aims for over 6% growth in liquor sales and over 3% profit growth in 2025, focusing on high-end, youth-oriented, global, and digital strategies [2] - The company's strategic goals reflect an effort to inject new vitality into the yellow wine industry, despite facing intensified competition and fluctuating consumer demand [2] - Market evaluations of the yellow wine sector may shift, with a focus on the company's execution and market feedback [2] Group 3 - Chongqing Beer expresses cautious optimism for the beer industry in 2025, anticipating a more favorable development environment due to improving external conditions and steady growth policies [3] - However, the company acknowledges challenges such as intensified competition, cost fluctuations, and potential underperformance in consumer recovery [3] - The statements from company executives highlight the uncertainties in the beer industry's recovery, prompting market attention to policy implementation and consumer trend changes [3]

Group 1 - The core index of the China Securities Index for food, beverage, and tobacco has shown a monthly increase of 3.51% and a quarterly increase of 6.05%, while it has decreased by 1.64% year-to-date [1] - The index is categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries, providing a comprehensive analysis tool for investors [1] - The top ten weighted stocks in the index include Yili Group (10.62%), Kweichow Moutai (10.59%), and Wuliangye (9.22%), among others [1] Group 2 - The index's holdings show that the liquor sector accounts for 47.83%, followed by condiments and cooking oil at 12.10%, and dairy products at 12.04% [2] - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2] - Adjustments to the index samples occur in response to special events affecting the companies, such as mergers or changes in industry classification [2]

Market Overview - The Shanghai Composite Index closed at 3352.00 points, above the annual line, with a change of 0.28% [1] - The total trading volume of A-shares reached 13,217.97 million yuan [1] Stocks Breaking Annual Line - A total of 109 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Landun Optoelectronics (300862) with a deviation rate of 8.84% and a daily increase of 9.64% [1] - Sichuan Chuang (600990) with a deviation rate of 8.81% and a daily increase of 10.00% [1] - Siter Technology (300608) with a deviation rate of 8.16% and a daily increase of 9.37% [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - New Jingang (300629) with a daily increase of 7.08% and a deviation rate of 6.63% [1] - Hongtian Co., Ltd. (603800) with a daily increase of 6.83% and a deviation rate of 5.89% [1] - Cambridge Technology (603083) with a daily increase of 10.00% and a deviation rate of 5.65% [1] Summary of Stocks with Lower Deviation Rates - Stocks that have just crossed the annual line with lower deviation rates include: - Huadian International (600027) with a deviation rate of 3.62% [1] - ST Asia Pacific (000691) with a deviation rate of 3.61% [1] - Energy Saving Iron (300197) with a deviation rate of 3.53% [1]

Core Viewpoint - The article discusses the contrasting employment trends in the beer and liquor industries during the current adjustment period, highlighting that while beer companies have reduced their workforce significantly, liquor companies, particularly leading brands, have increased their employee numbers despite facing revenue declines [2][11]. Employment Trends in Beer Industry - Over the past year, the beer industry has seen a reduction of over 6,000 employees across 10 listed companies, with major players like Budweiser APAC and China Resources Beer each reducing their workforce by over 1,000 [5][8]. - The overall employment in the beer sector has decreased to below 300,000, primarily due to declining sales and revenue in the industry [2][5]. - The reduction in workforce is attributed to decreased demand for production and sales roles, particularly for temporary workers during peak seasons [8][9]. Employment Trends in Liquor Industry - In contrast, the liquor industry has experienced an increase of over 3,900 employees, with only 7 out of 22 listed liquor companies reporting reductions [9][12]. - Leading liquor companies such as Kweichow Moutai and Yanghe Brewery have added over 1,000 employees each, indicating a robust demand for production roles [9][12]. - The increase in employment is partly driven by the need to meet production demands and the social responsibility of state-owned enterprises to maintain employment levels [12][13]. Salary Adjustments - While the overall employment levels in liquor companies have increased, there has been a notable reduction in executive compensation, with many high-ranking officials seeing salary cuts of hundreds of thousands [16][17]. - In contrast, the average salary for non-executive employees has remained stable or even increased in some companies, such as Water Well and Kweichow Moutai, which reported a rise in average non-executive salaries [20][21]. Future Outlook - The article suggests that the current adjustment period for the liquor industry is not yet over, and further developments in cost-cutting measures and employee compensation will need to be monitored [21].