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 ...

2019 年年度报告 | --- | --- | |-------------------|--------------------| | | | | 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 2019 年年度报告 1 / 286 2019 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十三次会议审议通过，公司以实施 2019 年度利润分配方案的股权登记 日的公司总股本为基数，向全体股东进行现金分红，每 1 ...

2019 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 2019 年第三季度报告 1 / 23 2019 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 / 23 2019 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 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|------ ...

2019 年半年度报告 公司代码：603866 公司简称：桃李面包 桃李面包股份有限公司 2019 年半年度报告 1 / 235 2019 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2019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、 是否存在被控股股东及其关联方非经营性占用资金情况 否 2 / 235 2019 年半年度报告 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅第四节经营情况讨论与分析中可 能面对 ...

Financial Performance - Operating revenue for the period was ¥1,142,347,222.47, representing a year-on-year growth of 15.52%[10] - Net profit attributable to shareholders was ¥121,147,703.49, reflecting a 12.11% increase from the previous year[10] - Basic earnings per share increased to ¥0.2574, up 12.11% from ¥0.2296 in the previous year[10] - The total profit for Q1 2019 was ¥154,610,859.29, up from ¥138,718,725.70 in Q1 2018, marking a growth of 11.5%[45] - Tax expenses for Q1 2019 were ¥33,463,155.80, compared to ¥30,658,488.93 in Q1 2018, reflecting an increase of 9.3%[45] - Other income for Q1 2019 was ¥4,545,977.89, up from ¥2,588,558.32 in Q1 2018, indicating improved financial performance[43] - Investment income for Q1 2019 was ¥7,766,290.41, compared to ¥2,440,754.78 in Q1 2018, showing a significant increase[43] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,022,703,340.52, an increase of 2.87% compared to the end of the previous year[10] - Total liabilities amounted to ¥480,129,347.57, an increase from ¥489,117,970.74 in the previous period, indicating a slight decrease in total liabilities[33] - Total equity attributable to shareholders reached ¥3,542,573,992.95, up from ¥3,421,426,289.46, reflecting a growth of approximately 3.55%[33] - Current liabilities decreased from CNY 487,784,314.92 to CNY 478,795,691.75, a reduction of 2.02%[31] - Current assets totaled ¥1,218,261,910.16, showing a marginal increase from ¥1,216,799,420.59[37] Cash Flow - Net cash flow from operating activities decreased by 16.04% to ¥146,535,611.24 compared to the same period last year[10] - Cash inflow from operating activities was CNY 1,338,982,402.60, up from CNY 1,157,439,001.62 year-over-year, representing an increase of approximately 15.6%[56] - Cash outflow from operating activities totaled CNY 1,192,446,791.36, compared to CNY 982,917,329.50 in the previous year, reflecting an increase of about 21.3%[56] - Net cash flow from investing activities decreased by 149.71% from CNY -69,016,342.28 to CNY -172,340,470.55 primarily due to increased cash outflows for fixed asset purchases[23] - Net cash flow from financing activities was -300,000.00, indicating a cash outflow[63] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,309[19] - The top shareholder, Wu Xuequn, holds 24.96% of the shares, amounting to 117,491,264 shares[19] Research and Development - R&D expenses grew by 140.13% from CNY 1,285,332.98 to CNY 3,086,411.44 due to increased investment in research and development[23] - Research and development expenses in Q1 2019 amounted to ¥3,086,411.44, significantly higher than ¥1,285,332.98 in Q1 2018, indicating a focus on innovation[43] Other Financial Metrics - The weighted average return on net assets rose to 3.48%, an increase of 0.11 percentage points from the previous year[10] - The company's retained earnings increased to ¥1,573,012,214.25 from ¥1,451,864,510.76, marking a growth of about 8.34%[33] - The company's cash and cash equivalents were reported at ¥1,213,935,833.10, slightly down from ¥1,215,111,613.56[37] - The ending cash and cash equivalents balance was CNY 1,398,136,976.47, down from CNY 1,465,238,108.29 at the end of the first quarter of 2018[58] - The net increase in cash and cash equivalents was -1,175,780.46, compared to an increase of 86,792,960.35 in the prior period[63]

Financial Performance - The company's operating revenue for 2018 was approximately CNY 4.83 billion, an increase of 18.47% compared to CNY 4.08 billion in 2017[32]. - The net profit attributable to shareholders for 2018 was approximately CNY 642.15 million, representing a growth of 25.11% from CNY 513.28 million in 2017[32]. - The net profit after deducting non-recurring gains and losses was approximately CNY 616.65 million, up 21.92% from CNY 505.77 million in 2017[32]. - The company's total assets at the end of 2018 were approximately CNY 3.91 billion, reflecting a 10.89% increase from CNY 3.53 billion at the end of 2017[32]. - The weighted average return on equity for 2018 was 19.71%, a decrease of 2.65 percentage points from 22.36% in 2017[35]. - The basic earnings per share for 2018 was CNY 1.36, an increase of 19.30% compared to CNY 1.14 in 2017[35]. - The net cash flow from operating activities for 2018 was approximately CNY 803.22 million, an increase of 22.98% from CNY 653.15 million in 2017[32]. - The company reported a net loss from investment activities of approximately CNY 361.66 million in 2018, which was a 13.78% increase in loss compared to CNY 317.85 million in 2017[32]. - Operating profit and total profit reached CNY 824,062,500 and CNY 824,444,200, respectively, reflecting growth of 26.31% and 25.25% year-on-year[73]. - The company achieved a total revenue of CNY 4.83 billion, representing an 18.47% year-over-year increase, while the operating cost increased by 14.71%[96]. Dividend and Capital Increase - The company plans to distribute a cash dividend of RMB 10.00 per 10 shares, totaling RMB 470,626,000.00, and to increase capital by 4 shares for every 10 shares held, resulting in an increase of 188,250,400 shares, raising total shares to 658,876,400[7]. Audit and Compliance - The company has received a standard unqualified audit report from Huapu Tianjian Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[4]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[12]. - The company has no violations in decision-making procedures for providing guarantees[12]. Market and Industry Insights - The baking industry in China has seen rapid growth since the late 20th century, driven by rising consumer income and changing dietary preferences[56]. - The market for baked goods is expected to continue growing as consumer preferences shift towards healthier and more diverse food options[56]. - The company focuses on high-quality baked goods, primarily under the "Taoli" brand, and operates a "central factory + wholesale" business model[45]. - The company has a strong brand influence and has participated in drafting national industry standards for baked goods[60]. Product Development and Innovation - The company emphasizes continuous innovation to meet changing consumer demands and maintain market competitiveness[61]. - New product development included the launch of several items such as "Bean Small Square Puff Bread" and "Dirty Bread," aimed at meeting changing consumer preferences[77]. - The company aims to introduce differentiated products targeting various consumer demographics, enhancing product safety and nutrition[134]. Operational Efficiency and Cost Management - The company's operating cost for the period was CNY 2.92 billion, which is lower than the revenue growth rate, indicating improved operational efficiency[108]. - The gross profit margin for the overall business was 39.68%, which is an increase of 1.98 percentage points compared to the previous year[96]. - The gross profit margin for the direct sales model increased by 2.08 percentage points to 40.59%[139]. - Sales expenses increased by 32.00% to CNY 998,761,073, while management expenses rose by 15.32% to CNY 88,759,740[88]. Strategic Partnerships and Market Expansion - The company has established strategic partnerships with key suppliers and conducts regular assessments to manage supplier relationships[49]. - The company is leveraging its established partnerships with major retailers to enhance market penetration, particularly in southern regions[68]. - The company plans to enhance its marketing network and channel construction to improve market share and competitiveness[135]. Subsidiary Performance - Several subsidiaries reported negative net profits, indicating potential challenges in profitability across the group[175][179][180][181][183][187][189][191][193][197]. - Shenyang Taoli reported a net profit of CNY 123.94 million, contributing over 10% to the company's overall net profit[199]. - Chengdu Taoli achieved a net profit of 89.67 million, contributing over 10% to the company's overall net profit, with main business revenue of 401.95 million[151]. - Jinzhou Taoli reported total assets of 59.87 million and net profit of 40.31 million as of December 31, 2018[150]. Cash Flow and Financial Position - Operating cash inflow increased by 16.61% year-on-year, totaling RMB 5,475,692,973.46[115]. - Net cash flow from operating activities rose by 22.98% year-on-year, amounting to RMB 803,219,893.95[118]. - Investment cash inflow surged by 566.11% year-on-year, reaching RMB 3,304,200,839.25[118]. - Financing cash outflow increased by 65.55% year-on-year, amounting to RMB 377,050,800.00[118]. - Cash and cash equivalents net increase decreased by 92.98% year-on-year, amounting to RMB 64,509,057.33[118].

2018 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 2018 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2018 年第三季度报告 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 公司负责人吴志刚、主管会计工作负责人谭秀坤及会计机构负责人（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 3 / 21 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 3,782,433,154.31 3,526,437,510.71 7.26 归属于上市公司 股东的净资产 3,24 ...

2018 年半年度报告 公司代码：603866 公司简称：桃李面包 桃李面包股份有限公司 2018 年半年度报告 1 / 187 2018 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、 公司负责人吴志刚、主管会计工作负责人谭秀坤及会计机构负责人（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 否 九、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅第四节经营情况讨论与分析中可 能面对的风险部分。 十、 其他 □适用 √不适用 √适用 □不适用 本公司2018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、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情 ...

2018 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 2018 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | | | | | 末增减(%) | | | 总资产 | 3,645,463,683.11 | 3,526,437,510.71 | | 3.38 | | 归属于上市公 | | | | | | 司股东的净资 | 3,263,836,949.09 | 3,155,776,712.32 | | 3.42 | | 产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生 | | | | | | 的现金流量净 | 174,521,672. ...

Financial Performance - The company's operating revenue for 2017 was approximately ¥4.08 billion, representing a year-over-year increase of 23.42% compared to ¥3.31 billion in 2016[25]. - The net profit attributable to shareholders for 2017 was approximately ¥513.28 million, an increase of 17.85% from ¥435.55 million in 2016[25]. - The net cash flow from operating activities increased by 25.73% to approximately ¥653.15 million in 2017, up from ¥519.49 million in 2016[25]. - The total assets at the end of 2017 were approximately ¥3.53 billion, reflecting a 49.05% increase from ¥2.37 billion at the end of 2016[25]. - The basic earnings per share for 2017 was ¥1.14, a 17.53% increase compared to ¥0.97 in 2016[27]. - The weighted average return on equity for 2017 was 22.36%, slightly down from 22.42% in 2016[27]. - The company reported a net profit of approximately ¥174.84 million in Q3 2017, which was the highest quarterly profit for the year[30]. - Operating profit and total profit were CNY 651.37 million and CNY 658.24 million, respectively, representing year-on-year growth of 21.31% and 17.63%[52]. - The core product, bread and pastries, generated revenue of CNY 4,004.69 million, up 23.49% from the previous year, accounting for 98.16% of total revenue[62]. Dividend Policy - The company plans to distribute a cash dividend of 8.00 RMB per 10 shares, totaling 376,500,800.00 RMB for the year 2017[4]. - The company has a stable dividend distribution policy, ensuring that cash dividends will not exceed the cumulative distributable profits[158]. - The company will prioritize cash dividends, distributing at least 30% of the annual distributable profits in cash dividends[161]. - In 2017, the company distributed cash dividends of 8.00 yuan per 10 shares, totaling 376,500,800 yuan, which represents 73.35% of the net profit attributable to shareholders[162]. - In 2016, the cash dividend was 3.00 yuan per 10 shares, totaling 135,037,800 yuan, accounting for 31.00% of the net profit[162]. Corporate Governance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has received a standard unqualified audit report from Huapu Tianjian Accounting Firm[7]. - The company has not reported any violations of decision-making procedures for providing guarantees[8]. - The company has maintained a consistent governance structure with all board members present at meetings[7]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible personnel[7]. - The company has not reported any instances of funds being occupied or overdue receivables during the reporting period[181]. - The company has not received any non-standard audit opinions from its accounting firm[181]. - There were no significant related party transactions reported during the year[194]. Risk Management - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting potential investment risks[6]. - The company has detailed potential risks in the board report regarding future development[8]. - Fluctuations in raw material prices, such as flour and sugar, can impact gross margins; the company aims to maintain a competitive edge through management innovation and improved resource utilization[156]. Market and Sales Strategy - The company operates under a "central factory + wholesale" model, enhancing its competitive strength in the market[35]. - The company has established a production model based on "sales-driven production," allowing for flexible production plans according to market demand, with centralized factories operating two shifts[38]. - The company has a strong sales network with over 190,000 retail terminals established nationwide as of December 31, 2017, utilizing both direct sales and distribution through dealers[48]. - The company aims to expand its market presence by deepening channel development and enhancing terminal sales networks, particularly in southern markets[48]. - Significant revenue growth was observed in the Central China region (180.64%) and South China region (567.56%) due to network adjustments and new market development[71]. Production and R&D - The company has strengthened its brand influence, becoming one of the most popular bread brands in China, which has contributed to continuous sales growth[47]. - The company focuses on high-cost performance products, ensuring product quality and safety through a comprehensive monitoring system aligned with ISO22000 standards[46]. - The company aims to strengthen its R&D capabilities by investing in new technologies and training professionals to meet market demands[150]. - Research and development expenses totaled 5,079,022.76 yuan, with a year-on-year increase of 37.34%, indicating a stronger focus on new product development[81]. Asset Management - The total cash and cash equivalents increased by 918,572,682.89 yuan, a significant rise of 412.68% compared to the previous period[82]. - The cash and cash equivalents at the end of the period increased by 199.99% compared to the previous period, reaching ¥1,359,732,778.45, primarily due to a private placement of ordinary shares to specific investors[85]. - The company maintained a low inventory level, with a year-on-year decrease of 48.39% in inventory volume[72]. - The company has established several new subsidiaries with total registered capital of ¥46,000,000, enhancing its market presence[100]. Compliance and Commitments - The company has committed to avoiding any business activities that may lead to competition with its own products, ensuring compliance with its commitments[164]. - The company is actively pursuing strategies to avoid conflicts of interest and competition with its subsidiaries[165]. - The company reported a commitment to not engage in any business activities that may compete with its controlled enterprises for a period of 36 months post-IPO[166]. - The actual controller has pledged to not transfer or delegate management of their shares for 36 months from the date of the company's stock listing[167]. - The company has committed to timely and accurate information disclosure regarding any share reductions, with a three-day prior notice requirement[171].