证券代码：603866 证券简称：桃李面包 公告编号：2025-028 桃李面包股份有限公司（以下简称"公司"）于 2024 年 12 月 23 日与中国 银行股份有限公司（以下简称"中国银行"）签订协议，公司使用闲置自有资金 人民币 2,450 万元购买了（辽宁）对公结构性存款 202418870；人民币 2,550 万 元购买了（辽宁）对公结构性存款 202418871。具体情况详见公司刊登在上海证 券交易所网站（www.sse.com.cn）上的《桃李面包关于使用闲置自有资金进行委 托理财的进展公告》（公告编号：2024-060）。 公司已于近日赎回上述理财产品，（辽宁）对公结构性存款 202418870 实 际年化收益率为 2.97%，投资理财存续天数 125 天，获得理财收益人民币 249,195.21 元；（辽宁）对公结构性存款 202418871 实际年化收益率为 0.85%， 投资理财存续天数 127 天，获得理财收益人民币 75,417.12 元。 具体情况如下： | 序 | | | | | 实际年 | 实际收益 | | | --- | --- | --- | --- | --- | --- ...

证券代码：603866 证券简称：桃李面包 公告编号：2025-029 桃李面包股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 08 日（星期四）至 05 月 14 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 tlir@tolybread.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 桃李面包股份有限公司（以下简称"公司"）已于 2025 年 3 月 21 日发布公 司 2024 年度报告，并于 2025 年 4 月 19 日发布公司 2025 年第一季度报告,为便 于广大投资者更全面深入地了解公司 2024 年度和 2025 年第一季度经营成果、财 务状况，公司计划于 2025 年 05 月 15 日（星期四）13:00-14:0 ...

证券代码：603866 证券简称：桃李面包 公告编号：2025-027 桃李面包股份有限公司 控股股东及实际控制人内部转让股份计划公告 本公司董事会、全体董事及相关股东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： 控股股东及实际控制人持股的基本情况 截至本公告披露日，桃李面包股份有限公司（以下简称"公司"）控股股东 及实际控制人吴志刚先生持有公司股份 151,528,282 股,约占公司总股本的 9.47%；控股股东及实际控制人吴学群先生持有公司股份 389,402,093 股，约占 公司总股本的 24.34%；控股股东及实际控制人吴学亮先生持有公司股份 229,647,670 股，约占公司总股本的 14.36%。 内部转让的主要内容 因家庭资产规划需要，吴志刚先生将通过大宗交易方式向其次子吴学群先生 转让股份合计不超过 10,314,400 股，占公司股份总数的 0.64%；向其三子吴学 亮先生转让股份合计不超过 21,679,900 股，占公司股份总数的 1.36%。本次转 让系控股股东及实际控制人之间的内部转让，不涉及向市场 ...

证券代码：603866 证券简称：桃李面包 公告编号：2025-026 桃李面包股份有限公司2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.13元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/4/25 | － | 2025/4/28 | 2025/4/28 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 4 月 10 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本1,599,719,155股为基数，每股派发现金红利 0.13元（含税），共计派发现金红 ...

Investment Rating - The report maintains a "Recommendation" rating for the company with a target price of 6.5 yuan [1] Core Views - The company continues to face operational pressure, but adjustments are expected to yield positive effects in the future [7] - The first quarter of 2025 saw a revenue decline of 14.2% year-on-year, with a net profit decrease of 27.07% [7] - Despite the challenges, some regions have shown signs of recovery, particularly in Central China, where revenue has increased for two consecutive quarters [7] - The company is actively exploring new channels and adjusting its strategies to adapt to market changes, which is anticipated to stabilize operations in the second half of 2025 [7] Financial Summary - Total revenue projections for 2024A, 2025E, 2026E, and 2027E are 6087 million, 6114 million, 6384 million, and 6719 million respectively, with year-on-year growth rates of -9.9%, 0.4%, 4.4%, and 5.3% [2] - Net profit projections for the same years are 522 million, 506 million, 540 million, and 582 million, with year-on-year growth rates of -9.1%, -3.1%, 6.7%, and 7.8% [2] - The earnings per share (EPS) forecast for 2025 is 0.32 yuan, with a price-to-earnings (PE) ratio of 19 [2][7] - The company's total assets are projected to increase from 7075 million in 2024A to 7896 million in 2027E [14] Market Performance - The company has experienced a significant decline in revenue and profit margins, with a gross margin of 21.97% in Q1 2025, down 1.13 percentage points year-on-year [7] - The net profit margin for Q1 2025 was 7%, reflecting a decrease of 1.23 percentage points compared to the previous year [7] - The company is focusing on cost control, with total expense ratios showing a slight improvement despite the revenue decline [7]

Core Viewpoint - The announcement from the company emphasizes the accuracy and completeness of the quarterly report, ensuring no false records or misleading statements exist [2][7]. Financial Data - The financial statements for the first quarter of 2025 are unaudited, with the company confirming that there were no profits from mergers under common control in the current or previous periods [3][6]. - The report includes a consolidated balance sheet and a consolidated income statement for the period from January to March 2025, with all figures presented in Renminbi [5][6]. Shareholder Information - There are no changes reported in the top ten shareholders or any significant movements in share lending activities during the reporting period [4][5]. Operational Highlights - The company has provided information regarding product categories and distributor situations during the reporting period, although specific figures are not detailed in the announcement [7].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,201,171,488.40, a decrease of 14.20% compared to CNY 1,400,002,318.86 in the same period last year[5] - Net profit attributable to shareholders was CNY 84,037,214.32, down 27.07% from CNY 115,230,925.14 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 79,118,224.77, a decline of 27.41% compared to CNY 108,989,466.10 in the previous year[5] - Basic and diluted earnings per share were both CNY 0.0525, representing a decrease of 27.07% from CNY 0.0720[5] - Operating profit for Q1 2025 was CNY 108,494,030.23, compared to CNY 143,338,498.80 in Q1 2024, indicating a decline of 24.3%[18] - The total comprehensive income for the period was CNY 84,037,214.32, a decrease from CNY 115,230,925.14 in the previous period[19] Cash Flow - The net cash flow from operating activities was CNY 194,508,769.48, slightly up by 0.99% from CNY 192,595,594.70 in the same period last year[5] - Cash inflows from operating activities totaled CNY 1,363,855,531.82, compared to CNY 1,618,097,282.95 in the previous year, reflecting a decrease of approximately 15.7%[21] - Cash outflows for purchasing goods and services amounted to CNY 805,419,145.48, down from CNY 993,719,042.90 in the previous year[21] - The net cash flow from investing activities was negative at CNY -106,313,581.94, compared to a positive CNY 4,478,413.36 in the previous year[22] - Cash inflows from financing activities were CNY 398,946,598.86, an increase from CNY 230,000,000.00 in the previous year[23] - The net cash flow from financing activities was CNY 105,724,543.30, compared to a negative CNY -120,108.32 in the previous year[23] - The ending cash and cash equivalents balance was CNY 372,457,613.88, up from CNY 359,782,887.29 in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,253,973,795.68, an increase of 2.53% from CNY 7,074,655,313.64 at the end of the previous year[6] - Total current assets reached CNY 1,186,466,783.71 as of March 31, 2025, up from CNY 1,016,817,156.32 at the end of 2024, an increase of 16.7%[13] - Total non-current assets were CNY 6,067,507,011.97 as of March 31, 2025, slightly up from CNY 6,057,838,157.32 at the end of 2024[14] - Total liabilities increased to CNY 2,037,452,757.80 as of March 31, 2025, compared to CNY 1,942,171,490.08 at the end of 2024, reflecting an increase of 4.9%[15] - Shareholders' equity attributable to shareholders was CNY 5,216,521,037.88, up 1.64% from CNY 5,132,483,823.56[6] - Shareholders' equity rose to CNY 5,216,521,037.88 as of March 31, 2025, compared to CNY 5,132,483,823.56 at the end of 2024, an increase of 1.6%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 64,540[9] - The top ten shareholders held a combined 80.71% of the company's shares, with the largest shareholder holding 24.34%[9] Research and Development - The company reported a decrease in research and development expenses to CNY 4,706,593.58 in Q1 2025 from CNY 8,734,597.73 in Q1 2024, a reduction of 46.1%[18] Accounting Standards - The company did not apply new accounting standards starting from 2025[20]

一、报告期经营情况 证券代码：603866 证券简称：桃李面包 公告编号：2025-025 桃李面包股份有限公司 关于 2025 年第一季度经营数据的公告 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。 | 产品类别 | 本期营业收入 | | --- | --- | | 面包及糕点 | 1,191,812,356.47 | | 其他 | 9,359,131.93 | | 总计 | 1,201,171,488.40 | 2、 地区分布 单位：元 币种：人民币 | 区域 | 本期营业收入 | | --- | --- | | 华北地区 | 275,225,142.45 | | 东北地区 | 469,087,535.09 | | 华东地区 | 386,152,459.89 | | 华中地区 | 50,787,036.65 | | 西南地区 | 149,595,340.65 | | 西北地区 | 79,593,085.55 | | 华南地区 | 84,817,613.83 | | 分部间抵销 | -294,086,725.71 | | ...

桃李面包（603866）公告，2025年第一季度营收为12.01亿元，同比下降14.20%；净利润为8403.72万 元，同比下降27.07%。 ...

2024年，桃李面包核心产品桃李品牌的面包及糕点实现营收59.06亿元，较上年同期减少6.26亿元，下降 了9.58%，其占公司年度主营业务收入的比例为97.04%；针对传统节假日开发的节日食品月饼实现主营 业务收入1.26亿元，同比下滑14.95%。 | 主要会计数据 | 2024年 | 2023年 | 本期比上 年同期增 | 2022年 | | --- | --- | --- | --- | --- | | | | | 蔵(%) | | | 营业收入 | 6,087,158,512.65 | 6.758.573.196.57 | -9.93 | 6.686.263.321.97 | | 归属于上市公司股东的净利 润 | 522,083,969.80 | 574,044,868.48 | -9.05 | 639.890.850.47 | | 归属于上市公司股东的扣除 | 497.436.278.36 | 551,747,110.58 | -9.84 | 629.197.246.44 | | 非经常性损益的净利润 | | | | | | 经营活动产生的现金流量净 | 997,797,814.92 | 810. ...