证券代码：603866 证券简称：桃李面包 公告编号：2022-032 桃李面包股份有限公司 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个别及连带责任。 桃李面包股份有限公司（以下简称"公司"）于 2022 年 3 月 17 日通过电 话会议调研的方式接待了机构调研，现将调研情况公告如下： 一、调研情况 调研时间：2022 年 3 月 17 日 10:00-11:30 15:00-16:00 调研形式：电话会议调研 调研机构（排名不分先后）：嘉实基金、中银基金、泰康资产、太平资产、 富国基金、招商证券、中信证券、中信建投等 120 余家机构 公司接待人员：董事会秘书张银安 二、调研的主要问题及公司回复概要 问题 1：面包行业未来发展的前景如何？ 烘焙食品于 20 世纪 80 年代从香港台湾地区引入中国大陆，随着中国经济的 增长，居民生活水平的提高，以及西方食品、原料和技术的进入，我国的烘焙行 业从 20 世纪末开始呈现出快速发展的趋势。 烘焙食品业在我国食品工业中具有重要的地位，其产品消费市场较大， ...

Financial Performance - The company's operating revenue for 2021 was CNY 6,335,381,671.50, representing a 6.24% increase compared to CNY 5,963,004,180.87 in 2020[38]. - The net profit attributable to shareholders for 2021 was CNY 763,265,673.71, a decrease of 13.54% from CNY 882,839,001.61 in 2020[38]. - The net cash flow from operating activities for 2021 was CNY 1,013,779,179.83, down 7.95% from CNY 1,101,366,061.62 in 2020[38]. - The total assets at the end of 2021 were CNY 6,016,892,732.31, an increase of 5.84% from CNY 5,685,107,101.21 at the end of 2020[40]. - The basic earnings per share for 2021 were CNY 0.8026, a decrease of 15.61% compared to CNY 0.9511 in 2020[42]. - The weighted average return on equity for 2021 was 16.01%, down 5.97 percentage points from 21.98% in 2020[42]. - The company reported a net profit of CNY 162,788,253.06 in Q1 2021, with total operating revenue of CNY 1,326,819,821.26[46]. - The company experienced a net loss from non-current asset disposal of CNY 1,285,933.53 in 2021[49]. - The net profit attributable to shareholders for Q4 2021 was CNY 194,942,508.41, with operating revenue of CNY 1,671,911,680.71[46]. - The company's net assets attributable to shareholders at the end of 2021 were CNY 4,935,065,406.47, reflecting a 2.12% increase from CNY 4,832,787,895.42 at the end of 2020[40]. Dividend and Share Capital - The company plans to distribute a cash dividend of 6 CNY per 10 shares, totaling approximately 571.33 million CNY, which represents 74.85% of the net profit attributable to shareholders[7]. - The total share capital will increase from 952,213,783 shares to 1,333,099,296 shares due to a capital reserve transfer of 4 shares for every 10 shares held[7]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[6]. - The board of directors has confirmed that all members attended the board meeting, ensuring the integrity of the annual report[5]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[9]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has confirmed that there are no issues with the authenticity and completeness of the annual report by the majority of the board members[12]. Risk Management - The company has outlined potential risks in the management discussion and analysis section of the report[12]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[8]. - The company emphasizes the importance of investor awareness regarding investment risks associated with forward-looking statements[8]. Market and Product Development - The company is actively expanding into new markets, including Southwest and Xinjiang, while continuing to focus on East and South China[59]. - New product development includes items like rock cake, cheese bread, and cranberry slices to meet changing consumer preferences[60]. - The company is expanding its online sales presence through platforms like Tmall and JD, and has established a dedicated e-commerce team[60]. - The company plans to enhance customer service for key clients and develop customized products to strengthen strategic partnerships[59]. - The baking industry in China has seen steady growth, with increasing consumer awareness and demand for diverse and healthy baked goods[69]. - The company operates a "central factory + wholesale" model, primarily producing "Taoli" brand bread, mooncakes, and zongzi for traditional festivals[73]. - The company employs a flexible production model based on market demand, with centralized production for bread and seasonal production for mooncakes and zongzi[76]. Financial Assets and Investments - The company reported a fair value change gain of CNY 20,289,831.85 from trading financial assets and derivatives[55]. - The company's investment in community group buying has strengthened customer experience and increased sales[60]. - The company's investment activities saw a cash outflow of 2,937,170,829.81 CNY, a decrease of 45.23% compared to the previous period[132]. Cost and Revenue Analysis - The company's operating costs rose by 11.84% to CNY 4,670,262,656.90, compared to CNY 4,175,743,033.89 in the previous year[94]. - Research and development expenses increased by 82.78% to CNY 20,645,746.84, up from CNY 11,295,699.60 in the previous year[94]. - The sales volume of bread and pastries increased by 3.47% year-on-year, with a production volume of 358.50 million kg[113]. - The sales revenue from mooncakes grew by 13.54% year-on-year, reaching 133.43 million RMB[110]. - The sales revenue from zongzi (sticky rice dumplings) skyrocketed by 61.91% year-on-year, totaling 12.48 million RMB[110]. Strategic Partnerships and Market Position - The company has established stable partnerships with major retailers, including Yonghui and Walmart, to enhance market expansion[89]. - The company has maintained a strong brand influence, becoming one of the most popular bread brands in China, which has contributed to sustained sales growth[89]. - The company is committed to providing high-quality products at competitive prices, aiming to enhance its overall competitive strength in the market[73]. Regional Performance - The Northeast region contributed approximately ¥2.88 billion in revenue, with a gross margin of 26.30%, reflecting a decrease of 1.95 percentage points[163]. - The company has established production bases in 20 regions across the country by December 31, 2021, under a "central factory + wholesale" model, enhancing its economies of scale[92]. Future Outlook - The overall market for bread in China is expected to grow as consumer acceptance and recognition of bread as a healthy convenience food increases[153]. - The company anticipates that brands with strong safety, quality, and innovation will gain market share as lower-quality competitors exit the market[156]. - The marketing network and channel construction are expected to be key competitive factors in the future, with a focus on expanding presence across various regions[156].

2021 年第三季度报告 单位：元 币种：人民币 1 / 16 证券代码：603866 证券简称：桃李面包 桃李面包股份有限公司 2021 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 | --- | --- | --- | --- | --- | |-----------------------------|------------------|------------------------------|------------------|--------------------------------------------- ...

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2021, representing a year-on-year increase of 15%[39]. - Net profit for the period reached 200 million CNY, up 10% compared to the same period last year[39]. - The company's operating revenue for the first half of 2021 was approximately CNY 2.94 billion, representing a year-on-year increase of 7.32% compared to CNY 2.74 billion in the same period last year[48]. - The net profit attributable to shareholders of the listed company decreased by 11.59% to approximately CNY 369.26 million, down from CNY 417.68 million in the previous year[48]. - The basic earnings per share for the first half of 2021 was CNY 0.3878, a decrease of 14.36% from CNY 0.4528 in the same period last year[48]. - The company's net cash flow from operating activities was approximately CNY 491.15 million, down 4.84% from CNY 516.14 million in the previous year[48]. - The total assets of the company at the end of the reporting period were approximately CNY 5.41 billion, a decrease of 4.88% from CNY 5.69 billion at the end of the previous year[48]. - The company reported a net asset attributable to shareholders of approximately CNY 4.53 billion, down 6.27% from CNY 4.83 billion at the end of the previous year[48]. - The company reported a decline in operating profit and total profit by 11.75% and 11.69%, respectively[80]. Market Expansion and User Growth - The company expanded its user base by 20%, reaching a total of 5 million active users[39]. - Future outlook indicates a projected revenue growth of 12% for the second half of 2021, driven by new product launches and market expansion strategies[39]. - Market expansion efforts include entering three new provinces, aiming to increase market share by 5% in these regions[39]. - The company has maintained a strong brand influence and stable sales channels, focusing on high-cost performance products in the baking industry[62]. - The company has established over 310,000 retail terminals nationwide as of June 30, 2021, enhancing its sales network[78]. Research and Development - The company is investing 100 million CNY in R&D for new product development, focusing on healthier options to meet consumer demand[39]. - The company’s R&D expenses increased by 60.29% to CNY 7,423,848.61, primarily due to rising labor costs[91]. - The company is actively developing new products, including cheese bread and seaweed cake, to meet changing consumer preferences[86]. - The company is committed to continuous product development, investing in R&D and market research to meet evolving consumer preferences[170]. Sustainability and Environmental Commitment - The management highlighted a commitment to sustainability, with plans to reduce packaging waste by 30% by the end of 2022[39]. - The company emphasizes the importance of food safety control, implementing strict quality standards to mitigate potential risks related to product quality management[166]. - The company actively engages in environmental protection measures to minimize pollution during food processing, complying with national and local regulations[171]. - The company has established comprehensive safety management systems to address risks associated with production safety as its business scales[172]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[192]. Operational Strategies - The company operates under a "central factory + wholesale" model, which strengthens its competitive advantage in the baking market[62]. - The company has implemented a comprehensive supplier evaluation system to ensure low procurement costs while maintaining product quality[63]. - The company focuses on product differentiation and innovation, leveraging advanced production equipment and unique processes to enhance product quality[72]. - The company utilizes a flexible production model based on market demand, particularly for seasonal products like mooncakes and rice dumplings[64]. - The company has developed a robust marketing network, maintaining stable partnerships with major retailers such as Walmart and Yonghui[78]. Employee Engagement and Management - The company has implemented an employee stock ownership plan to enhance employee engagement and motivation[181]. - The company completed the second employee stock ownership plan, purchasing a total of 257,348 shares, accounting for 0.028% of the total share capital, with a lock-up period of 36 months[184]. - The company is focusing on optimizing its human resources management and establishing partnerships with universities to build a talent pipeline[90]. Financial Assets and Liabilities - Trading financial assets decreased by 62.32% compared to the previous year, primarily due to a reduction in unredeemed financial products during the reporting period[95]. - Contract liabilities increased by 39.82% compared to the previous year, primarily due to an increase in advance payments received during the reporting period[96]. - Construction in progress increased by 33.09% compared to the previous year, mainly due to increased investment in ongoing projects[96]. Corporate Governance - The actual controllers and shareholders have committed to not engaging in any business that competes with the company, ensuring no conflicts of interest arise[195]. - The commitment to avoid competition is unconditional and irrevocable, with penalties for any violations that may cause losses to the company or its stakeholders[195]. - Shareholders, including directors and senior management, are restricted from transferring more than 25% of their shares during their tenure and for six months after leaving the company[198].

2021 年第一季度报告 公司代码：603866 公司简称：桃李面包 桃李面包股份有限公司 2021 年第一季度报告 1 / 19 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人吴学亮 、主管会计工作负责人孙颖及会计机构负责人（会计主管人员）孙颖保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|---------------- ...

2020 年年度报告 公司代码：603866 公司简称：桃李面包 桃李面包股份有限公司 2020 年年度报告 1 / 273 2020 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 容诚会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人吴学亮、主管会计工作负责人孙颖及会计机构负责人（会计主管人员）孙颖声明： 保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经公司第五届董事会第二十四次会议审议，通过了公司 2020 年度拟以实施权益分派股权登记 日登记的总股本为基数分配利润。本次利润分配及资本公积金转增股本预案如下： 1、公司拟向全体股东每 10 股派发现金红利 10 元（含税）。截至 2020 年 12 月 31 日，公司 总股本为 680,152,702 股，以此计算合计拟派发现金红利 680,152,702 元（含税），占合并报表中 归属于母 ...

2020 年年度报告 公司代码：603866 公司简称：桃李面包 桃李面包股份有限公司 2020 年年度报告 1 / 261 2020 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 容诚会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人吴学亮、主管会计工作负责人孙颖及会计机构负责人（会计主管人员）孙颖声明： 保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经公司第五届董事会第二十四次会议审议，通过了公司 2020 年度拟以实施权益分派股权登记 日登记的总股本为基数分配利润。本次利润分配及资本公积金转增股本预案如下： 1、公司拟向全体股东每 10 股派发现金红利 10 元（含税）。截至 2020 年 12 月 31 日，公司 总股本为 680,152,702 股，以此计算合计拟派发现金红利 680,152,702 元（含税），占合并报表中 归属于母 ...

2020 年第三季度报告 公司代码：603866 公司简称：桃李面包 桃李面包股份有限公司 2020 年第三季度报告 1 / 22 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 22 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人吴学亮、主管会计工作负责人孙颖及会计机构负责人（会计主管人员）孙颖保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|------ ...

2020 年半年度报告 公司代码：603866 公司简称：桃李面包 转债代码：113544 转债简称：桃李转债 转股代码：191544 转股简称：桃李转股 桃李面包股份有限公司 2020 年半年度报告 1 / 168 2020 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人吴学亮、主管会计工作负责人孙颖及会计机构负责人（会计主管人员）孙颖声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用□不适用 本公司 2020 年半年度报告涉及的公司未来计划、发展战略等前瞻性描述不构成公司对投资者 的实质承诺，敬请投资者注意投资风险。 | --- | --- | |---------|--------------------------------------------------| | | | | 七、 ...

2020 年第一季度报告 | --- | --- | --- | --- | --- | --- | |------------|--------|-------|-------|-------|--------------------| | | | | | | | | | | | | | | | | | | | | | | 公司代码： | 603866 | | | | 公司简称：桃李面包 | | 转债代码： | 113544 | | | | 转债简称：桃李转债 | | 转股代码： | 191544 | | | | 转股简称：桃李转股 | 桃李面包股份有限公司 2020 年第一季度报告 1 / 19 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2020 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏 ...