Group 1: Investor Meeting Overview - The company conducted investor meetings in May 2023 through both in-person and phone interactions [1] - A total of 80 investment institutions participated in the meetings, including notable names like Tianfeng Securities and China Universal Asset Management [2] Group 2: Revenue Growth Factors - Revenue for the first four months of 2023 showed a year-on-year increase, attributed to improved external market conditions and effective strategy execution [3] - The low performance base from the same period last year also contributed to the growth [3] Group 3: Business Operations - The company has approximately 400,000 distribution points and plans to focus on deepening existing channels rather than aggressively increasing the number of stores [5] - The company aims to enhance channel management by selecting suitable distributors and focusing resources on high-performing outlets [6] Group 4: Product Development and Marketing - The company is actively promoting its MECO fruit juice tea brand, linking it with snack consumption to broaden market appeal [7] - New product development is driven by a "product manager system," involving consumer participation throughout the process [8] - The company plans to enhance its frozen product offerings and increase the number of frozen display points in 2023 [14] Group 5: Future Strategies - The company is focusing on long-term strategies for its ready-to-drink business, with a goal to build a dedicated sales team over three years [9] - The introduction of bottled products aims to complement existing cup-based offerings, catering to different consumer scenarios [10] - The success of the MECO fruit juice tea has reinforced the company's commitment to the ready-to-drink segment, emphasizing product differentiation and long-term brand investment [11] Group 6: Risks and Investor Advisory - The company advises investors to refer to official announcements on the Shanghai Stock Exchange for accurate information and to remain cautious regarding investment risks [16]

证券代码：603711 证券简称：香飘飘 公告编号：2023-025 香飘飘食品股份有限公司 关于参加沪市食品饮料行业上市公司2022年度暨 2023年第一季度集体业绩说明会的公告 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。 重要内容提示： 香飘飘食品股份有限公司（以下简称"公司"）已于 2023 年 4 月 18 日在上 海证券交易所网站（www.sse.com.cn）及相关指定媒体披露公司《2022 年年度报 告》及《2023 年第一季度报告》。为便于广大投资者更深入、全面地了解公司经 营成果、财务状况，公司现定于 2023 年 5 月 26 日通过自行视频录制与网络文字 问答相结合的形式召开"2022 年度暨 2023 年第一季度业绩说明会"，就投资者 普遍关注的问题进行沟通。 一、说明会类型 本次业绩说明会以自行视频录制与网络文字问答相结合的形式召开，公司将 召开时间：2023 年 5 月 26 日（星期五）上午 10:00 至 11:00 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ ...

Financial Performance - The company's operating revenue for Q1 2023 reached ¥679,020,636.27, representing a year-on-year increase of 37.03%[2] - Total operating revenue for Q1 2023 reached ¥679,020,636.27, a 37% increase from ¥495,511,354.37 in Q1 2022[14] - Total operating costs increased to ¥696,240,946.62, up 16.5% from ¥597,445,134.11 in the same period last year[14] - Net profit for Q1 2023 was ¥5,842,240.54, compared to a net loss of ¥59,667,351.47 in Q1 2022, marking a significant turnaround[15] - Operating profit for Q1 2023 was ¥1,677,852.71, a recovery from an operating loss of ¥82,121,679.95 in Q1 2022[14] Cash Flow and Liquidity - The net cash flow from operating activities was -¥308,381,256.48, indicating increased expenditures on goods purchased[4] - Cash flow from operating activities showed a net outflow of ¥308,381,256.48, worsening from a net outflow of ¥221,895,289.11 in Q1 2022[17] - Cash and cash equivalents at the end of Q1 2023 totaled ¥2,058,988,148.09, down from ¥2,388,786,227.51 at the beginning of the quarter[18] - Financing activities generated a net cash inflow of ¥42,264,250.00 in Q1 2023, compared to a net outflow of ¥17,527,601.72 in Q1 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,682,366,350.66, a decrease of 7.17% compared to the end of the previous year[3] - The company's current assets totaled RMB 2,628,369,554.80, down from RMB 2,965,880,498.06, indicating a decrease of about 11.36%[10] - The company's total liabilities decreased to RMB 1,552,195,841.05 from RMB 1,919,622,458.21, a reduction of about 19.14%[11] - The company's total equity as of March 31, 2023, was RMB 3,130,170,509.61, slightly up from RMB 3,124,328,269.07, indicating a marginal increase of about 0.19%[11] Shareholder Information - The top shareholder, Jiang Jianqi, holds 57.44% of the shares, totaling 235,946,520 shares[6] - The total number of ordinary shareholders at the end of the reporting period was 11,491[6] Research and Development - Research and development expenses increased to ¥6,659,185.95, up from ¥5,841,071.32 in Q1 2022, reflecting ongoing investment in innovation[14] Earnings Per Share - Basic and diluted earnings per share were both ¥0.01, reflecting significant changes in net profit attributable to shareholders[4] - The company reported a basic earnings per share of ¥0.01 for Q1 2023, recovering from a loss of ¥0.14 per share in Q1 2022[15]

Financial Performance - The company's operating revenue for 2022 was CNY 3,127,819,635.30, a decrease of 9.76% compared to CNY 3,466,259,828.73 in 2021[25]. - Net profit attributable to shareholders for 2022 was CNY 213,894,643.89, down 3.89% from CNY 222,544,519.35 in 2021[25]. - The basic earnings per share for 2022 was CNY 0.52, a slight decrease of 1.89% from CNY 0.53 in 2021[26]. - The weighted average return on equity for 2022 was 7.01%, down 0.63 percentage points from 7.64% in 2021[26]. - The company's total revenue for the tea industry reached approximately ¥3.09 billion, a year-on-year decrease of 9.51%[69]. - The main business revenue decreased by 9.51% to CNY 3,093.90 million, while the main business cost decreased by 9.95% to CNY 2,021.24 million[67]. - The company achieved operating revenue of CNY 3,127.82 million in 2022, a decrease of 9.76% year-on-year[63]. - The net profit attributable to shareholders was CNY 213.89 million, down 3.89% compared to the previous year[63]. - The gross profit margin for the tea industry increased by 0.32 percentage points to 34.67%[69]. - The gross profit margin for brewing products decreased by 11.55% year-on-year, while the gross profit margin improved by 2.21 percentage points to 40.65%[70]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to CNY 785,685,163.59, a rise of 805.82% compared to CNY 86,737,317.93 in 2021[25]. - The net cash flow from investing activities decreased by 74.80% to CNY 98.28 million, mainly due to reduced cash from redeeming financial products[83]. - Cash flow from operating activities increased significantly by 805.82% to CNY 785.69 million, primarily due to reduced expenditures[83]. - The total investment in financial assets at fair value decreased to CNY 214.31 million, reflecting a loss of CNY 1.24 million during the reporting period[124]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.60 per 10 shares, totaling RMB 65,719,328.00 based on a total share capital of 410,745,800 shares[7]. - The company’s independent directors have confirmed compliance with the profit distribution plan, ensuring protection of minority shareholders' rights[174]. - The company has committed to a cash dividend policy that prioritizes shareholder returns while considering its development strategy and profitability[173]. Governance and Compliance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - The company has not reported any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[144]. - The company’s governance structure remains compliant with relevant laws and regulations, ensuring transparency and accountability[144]. - The audit committee confirmed that the financial reports are accurate, complete, and free from material misstatements, adhering to relevant regulations[163]. - The company has established a management system for information disclosure, ensuring fair and timely communication with all shareholders[144]. Risk Management - The company has detailed potential risks in the report, which can be found in the section "Management Discussion and Analysis" under "(4) Possible Risks"[10]. - The company has a comprehensive risk management system in place to enhance financial monitoring and risk prevention[183]. - The company acknowledges the risk of raw material price fluctuations impacting production costs, particularly for key ingredients like skim milk powder and sugar[139]. Product Development and Innovation - The company launched new health-oriented products, including "芝芝/生椰牛乳茶" and "珍珠牛乳茶," to align with consumer trends towards health upgrades[38]. - The company actively innovated and optimized its product development, launching new products such as "Xiangpiaopiao" and "MECO" juice tea during the reporting period[54]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product quality and customer experience[150]. - The company is focusing on developing convenient and nutritious beverages to meet changing consumer preferences[95]. Market Strategy and Sales - The company reduced traditional brand advertising spending and increased investment in new media and offline promotions, improving overall brand spending efficiency[42]. - The company focused on 70 core cities for its ready-to-drink business, achieving over 15% sales growth in key cities like Wuhan, Changsha, and Chengdu, with a 22% year-on-year increase in distribution revenue from original channels[45]. - The online sales team expanded by 200%, with the number of authorized online distributors reaching 322, a 185% increase year-on-year, and partnerships with 123 online platforms[45]. - The company plans to continue expanding its online sales channels to enhance consumer interaction and product testing[113]. Environmental Management - The company is committed to maintaining compliance with relevant laws and regulations regarding environmental management and food safety[15]. - The company has established necessary environmental protection management systems and complies with national environmental protection laws[187]. - The company has successfully reduced noise pollution through technical modifications, including vibration reduction and isolation measures[192]. - The company reported a total COD discharge of 4.147 tons per year, with a compliance level of 20 mg/l[194]. Employee and Management Practices - The total number of employees in the parent company and major subsidiaries is 3,951, with 1,943 in the parent company and 2,008 in subsidiaries[168]. - The company has established a training plan that includes internal and external training, aimed at enhancing management capabilities and professional skills across all employee levels[170]. - The company has implemented a mixed compensation strategy based on "position + ability + performance + market level" to align organizational performance with individual performance[169]. Community Engagement and Social Responsibility - Total charitable contributions amounted to 1.4298 million yuan, including 600,000 yuan in cash donations and 829,800 yuan in material donations[198]. - The company engages in community support initiatives, including donations to disaster relief efforts and local charities[198]. - The company focuses on maintaining ecological balance by preserving vegetation coverage in its facilities[198].

证券代码：603711 证券简称：香飘飘 公告编号：2022-039 香飘飘食品股份有限公司 关于接待机构投资者调研情况的公告 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。 香飘飘食品股份有限公司（以下简称"公司"）于近日通过电话交流形式 接待了机构投资者调研，现将调研具体情况公告如下： 一、调研基本情况 调研时间：2022 年 11 月 调研方式：电话交流 调研机构名称（排名不分先后）：海通证券、银华基金、中宏人寿、天治 基金、东方证券、华夏基金、中信证券、贝莱德基金、上海勤远投资、上海名 禹资产、观富资产、国融基金、上海海宸投资、中信建投、颐和久富、摩根士 丹利华鑫基金、人保资产、国海资管、国信证券、中银基金、天风证券、华宝 基金、新华基金、农银汇理基金、浦银安盛基金、圆信永丰基金、北京和聚投 资、富国基金、厦门金恒宇投资、华安证券、财通证券、华泰柏瑞基金、上海 大筝资产、海南容光私募、中荷人寿保险、东证融汇证券、上海歌斐资产、上 海思晔投资 公司接待人员：董事会秘书邹勇坚先生、证券事务代表李菁颖女士 二、主要交流内容 ...