上海市锦天城律师事务所 关于同庆楼餐饮股份有限公司 2024 年年度股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：02120511000 传真：02120511999 邮编：200120 上海市锦天城律师事务所 法律意见书 本所律师依据《证券法》《律师事务所从事证券法律业务管理办法》和《律 师事务所证券法律业务执业规则（试行）》的有关规定以及本法律意见书出具之 日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实 信用原则，进行了充分的核查验证，保证本法律意见书所认定的事实真实、准确、 完整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大 遗漏，并承担相应法律责任。 基于上述，本所律师根据法律、法规和规范性文件的有关规定，按照律师行 业公认的业务标准、道德规范和勤勉尽责的精神，就题述事项发表法律意见如下： 2 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于同庆楼餐饮股份有限公司 2024 年年度股东大会的法律意见书 致：同庆楼餐饮股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受同庆楼餐饮 ...

证券代码：605108 证券简称：同庆楼 公告编号：2025-029 同庆楼餐饮股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 118 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 184,741,224 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） | 71.3286 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，采用现场投票与网络投票相结合的方式召开。公司董事 长沈基水先生主持会议，符合《公司法》等法律法规及公司章程的有关规定，会议各 项决议合法有效。 (一) 股东大会召开的时间：2025 年 5 月 23 日 (二) 股东大会召开的地点：安徽省合肥市新站区铜陵北路与唐河路交口富茂大饭 店 (三) 出席会议的普通股股东和恢复表决权的优先股 ...

Core Insights - The company reported a revenue of 2.524 billion yuan for 2024, a year-on-year increase of 5.14%, but the net profit attributable to shareholders dropped to 100 million yuan, a decrease of 67.09% [1] - In Q1 2025, the company achieved a revenue of 692 million yuan, a slight increase of 0.17%, while the net profit attributable to shareholders was 52 million yuan, down 21.36% [1] - The decline in net profit for 2024 was primarily due to the absence of a one-time compensation of 50.48 million yuan from a store demolition in Wuxi in 2023, along with significant expenses from opening new stores and increased financial costs [1] Business Expansion - The company is expanding its hotel business, opening four new hotels in 2024 and preparing three more, enhancing its brand influence in key cities like Shanghai and Hangzhou [2] - The food business has shown consistent high growth since its inception in 2021, with revenues increasing from 94 million yuan in 2021 to 311 million yuan in 2024 [2] Profit Forecast - The company is projected to achieve revenues of 3.12 billion yuan, 3.81 billion yuan, and 4.58 billion yuan from 2025 to 2027, representing year-on-year growth rates of 23.7%, 22.1%, and 20.1% respectively [2] - The net profit attributable to shareholders is expected to rise significantly, reaching 230 million yuan, 330 million yuan, and 440 million yuan over the same period, with corresponding year-on-year growth rates of 131.3%, 42.6%, and 34.2% [2]

Core Viewpoint - The company, Tongqinglou, reported a decline in net profit for both the fiscal year 2024 and the first quarter of 2025, despite a slight increase in revenue, indicating potential challenges in profitability and cash flow management [1][3]. Financial Performance Summary - For the fiscal year 2024, the company achieved operating revenue of 2.525 billion yuan, a year-on-year increase of 5.14% [2]. - The net profit attributable to shareholders was 100.08 million yuan, representing a significant decrease of 67.09% compared to the previous year [2]. - The net profit after deducting non-recurring gains and losses was 93.66 million yuan, down 63.05% year-on-year [2]. - The net cash flow from operating activities was 410 million yuan, a decrease of 43.09% compared to the previous year [1]. Q1 2025 Performance Summary - In the first quarter of 2025, the company reported operating revenue of 692.14 million yuan, a slight increase of 0.17% year-on-year [4]. - The net profit attributable to shareholders for Q1 2025 was 51.82 million yuan, down 21.36% from the same period last year [4]. - The net profit after deducting non-recurring gains and losses was 47.76 million yuan, a decrease of 25.96% year-on-year [4]. - The net cash flow from operating activities for Q1 2025 was 104.16 million yuan, down 44.82% compared to the previous year [4].

Investment Ratings - The report assigns an "Outperform" rating to multiple companies including Pop Mart, Anta Sports, Haidilao, and others, while Budweiser Asia is rated "Neutral" [1]. Core Insights - The report highlights significant developments in the F&B and designer toys sectors, including the successful IPO of Green Tea Group and strategic investments in 52TOYS by Wanda Film and China Ruyi [2][6]. - Honey Snow Ice City has signed a procurement agreement worth 4 billion RMB with Brazil for coffee beans and other products, indicating a strong international expansion strategy [2]. - Ruixing Coffee plans to establish over 30 Brazilian coffee-themed stores, further enhancing its market presence [2]. - Starbucks has launched a new ready-to-drink tea and coffee series, tapping into the growing beverage market [2]. Weekly Performance Summary - In the F&B sector, notable performers include Guoquan (+22.2%), DPC Dash (+4.7%), and Tongqinglou (+2.3%), while underperformers include CAHGEE and HELENS, both down by 7.7% [3][7]. - In the designer toys sector, MINISO and BLOKS showed strong performance with increases of 12.1% and 11.9% respectively, while Pop Mart had a modest increase of 2.4% [3][7].

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting, focusing on various proposals including credit limits and the use of raised funds, while also reporting on its financial performance and strategic plans for 2025 [1][6][19]. Financial Performance - In 2024, the company achieved a revenue of 25.25 billion RMB, a year-on-year increase of 5.14%, but the net profit attributable to shareholders decreased by 67.09% to 100.84 million RMB [7][29]. - The company opened 8 new stores, increasing its total area by 244,637.37 square meters, demonstrating resilience and growth potential despite market challenges [8][29]. - The operating cash flow decreased by 43.09% to 410.28 million RMB, indicating a significant drop in cash generation capabilities [7][32]. Strategic Initiatives - The company aims to expand its market presence by opening 3-5 new stores and upgrading 20 existing locations, focusing on enhancing product competitiveness and brand influence [16][17]. - A digital transformation strategy is being implemented to improve operational efficiency and customer engagement through various marketing channels [16][18]. Governance and Compliance - The board of directors has been active, holding 5 meetings and approving 30 proposals, ensuring compliance with legal and regulatory requirements [9][10]. - The independent directors have maintained their responsibilities, ensuring objective oversight and adherence to governance standards [14]. Shareholder Engagement - The company has committed to transparent communication with investors, organizing multiple performance briefings and maintaining a high response rate to investor inquiries [15][26]. - A cash dividend of 0.12 RMB per share is proposed, amounting to approximately 31.08 million RMB, which represents 31.05% of the net profit attributable to shareholders for 2024 [27].

同庆楼餐饮股份有限公司 2024 年年度股东大会会议资料 同庆楼餐饮股份有限公司 2024 年年度股东大会会议资料 (股票代码：605108) 2025 年 5 月 23 日 同庆楼餐饮股份有限公司 2024 年年度股东大会会议资料 同庆楼餐饮股份有限公司 2024 年年度股东大会 会议资料目录 | 年年度股东大会须知 2 一、2024 | | --- | | 二、2024 年年度股东大会议程 4 | | 三、2024 年年度股东大会议案 | | 议案一：同庆楼餐饮股份有限公司 年度董事会工作报告 6 2024 | | 议案二：同庆楼餐饮股份有限公司 2024 年度监事会工作报告 14 | | 议案三：同庆楼餐饮股份有限公司 2024 年年度报告全文及摘要 18 | | 议案四：同庆楼餐饮股份有限公司 2024 年度财务决算报告 19 | | 议案五：关于 2024 年度利润分配方案的议案 22 | | 议案六：关于续聘 2025 年度审计机构的议案 23 | | 议案七：关于 2025 年度公司及全资子公司综合授信额度及对外担保额度预计的议 | | 案 26 | | 议案八：关于公司首次公开发行股票募投项目 ...

Group 1 - The company will hold an annual performance briefing for 2024 and the first quarter of 2025 on May 19, 2025, from 10:00 to 11:30 [1][2] - The briefing will be conducted via video recording and online text interaction on the platform "Value Online" [1][2] - Investors can submit questions before the briefing until May 17, 2025, and the company will address commonly asked questions during the session [1][2] Group 2 - Key participants in the briefing include the Vice Chairman, the Secretary of the Board and CFO, and other senior management members [2] - Investors can access the briefing through a specific URL or by scanning a QR code [2] - After the briefing, investors can view the session's details and main content on "Value Online" or the Yi Dong app [2]

证券代码：605108 证券简称：同庆楼 公告编号：2025-027 一、说明会类型 同庆楼餐饮股份有限公司（以下简称"公司"）已于 2025 年 4 月 29 日在上 海证券交易所网站（www.sse.com.cn）披露了《同庆楼 2024 年年度报告》及《同 庆楼 2025 年第一季度报告》。为便于广大投资者更加全面深入地了解公司经营 业绩、发展战略等情况，公司定于 2025 年 5 月 19 日（星期一）10:00-11:30 在"价 值在线"（www.ir-online.cn）举办同庆楼餐饮股份有限公司 2024 年度暨 2025 年第一季度业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意见和建 会议召开时间：2025 年 5 月 19 日（星期一）10:00-11:30 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：视频录播和网络文字互动 二、说明会召开的时间、地点和方式 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。 ...

Investment Rating - The report maintains a rating of "Outperform the Market" for the industry [3]. Core Insights - The industry fundamentals are expected to remain under pressure in 2024, with most sectors and companies still significantly affected by macroeconomic factors. However, a number of companies are emerging that are successfully navigating the challenges of consumer downgrade by upgrading from categories to quality and then to brand [1][2]. - The report highlights that companies with strong brand attributes are likely to continue outperforming as the market transitions from price-performance to quality-price comparisons [2]. Summary by Sections 1. Duty-Free Sector - The duty-free sales in Hainan are gradually stabilizing, with the implementation of the Hainan closure policy expected to benefit the duty-free sector. The market is seeing improvements in channel and supply chain capabilities, leading to a stable outlook for profitability [2][49]. - Key companies to watch include China Duty Free Group and Wangfujing [2]. 2. Tourism and Gaming - The tourism sector shows strong resilience in demand, becoming a crucial driver for domestic consumption. The recovery in inbound and outbound travel is significant, with a focus on new consumption scenarios and the silver-haired tourism market [2][3]. - Recommended companies include Jiuhua Tourism, Lingnan Holdings, and Sands China [2]. 3. Hotel Industry - The hotel sector is experiencing weak business travel demand, leading to pressure on RevPAR. However, leisure demand remains resilient, and leading companies are enhancing profitability through brand matrix validation and supply chain optimization [3][72]. - Companies to focus on include Huazhu Group, Atour, and Jinjiang Hotels [3]. 4. Restaurant Sector - Leading restaurant companies are demonstrating strong supply chain negotiation and profitability advantages. The overall supply in the restaurant industry is optimizing, with a competitive trend in price-performance [3][7]. - Notable companies include Mixue Ice City, KFC, and Haidilao [3][7]. 5. Cosmetics and Medical Aesthetics - The cosmetics sector is seeing a shift in focus towards profitability, with companies restructuring their product and channel strategies. High-growth companies are expected to achieve both revenue and profit increases [7][23]. - Key players include Juzhibio, Shumei, and Marubi [7][23]. 6. General Retail - The retail sector is undergoing digital upgrades and operational adjustments, with a focus on essential demand and cash flow stability. Companies like Yonghui Supermarket and Multi-Point Intelligence are recommended [8][30]. - The report also highlights the ongoing challenges in the jewelry sector due to rising gold prices [8][30]. 7. Overall Market Performance - The consumer services sector is expected to face challenges, with a projected performance of -8.70% in 2024. However, the beauty and personal care sector is anticipated to recover with a growth of +8.15% in 2025 [11][19].