证券代码：605337 证券简称：李子园 浙江李子园食品股份有限公司投资者关系活动记录表 （2023 年度业绩说明会） 编号：2024-001 投资者关系活动类别 □ 特定对象调研 □ 分析师会议  业绩说明会 □ 现场参观 □ 新闻发布会 □ 路演活动 □ 电话会议 □ 媒体采访 通过上证路演中心参与“李子园公司 2023年度业绩说明 参与单位名称及人员姓名 会”的所有投资者 2023年度业绩说明会召开 1、会议时间：2024年4月25日 10:00-11:00 ...

浙江李子园食品股份有限公司投资者关系活动记录表 （2023 年度业绩说明会） 编号：2024-001 投资者关系活动类别 □ 特定对象调研 □ 分析师会议 业绩说明会 □ 现场参观 □ 新闻发布会 □ 路演活动 □ 电话会议 □ 媒体采访 参与单位名称及人员姓名 通过上证路演中心参与"李子园公司 2023 年度业绩说明 会"的所有投资者 2023 年度业绩说明会召开 的基本情况 1、会议时间：2024 年 4 月 25 日 10:00-11:00 2、会议召开地点：上海证券交易所上证路演中心（网 址：https://roadshow.sseinfo.com/） 3、会议召开方式：上证路演中心网络互动 公司接待人员姓名 总经理兼董事：朱文秀 董事会秘书：程伟忠 财务总监：孙旭芬 证券代码：605337 证券简称：李子园 | | 独立董事：陆竞红 | | --- | --- | | 投资者关系活动主要内容 | 本次说明会，公司就投资者关心的问题给予了答复，并对 | | | 相关问题进行了梳理，主要问题及答复如下： | | 介绍 | | | | Q1：尊敬的领导，上午好！作为中小投资者，有以 | | | 下问题：1 ...

Financial Performance - The company's operating revenue for 2023 was CNY 1,411,901,969.90, representing a 0.60% increase compared to the previous year [22]. - Net profit attributable to shareholders for 2023 was CNY 236,959,909.62, reflecting a 7.20% increase year-over-year [22]. - The net profit after deducting non-recurring gains and losses was CNY 218,762,487.46, a 16.65% increase compared to the previous year [22]. - The company's total assets reached CNY 3,058,575,925.11, marking a 28.68% increase from the previous year [22]. - Basic earnings per share for 2023 was CNY 0.60, up 7.14% from CNY 0.56 in 2022 [23]. - The company reported a diluted earnings per share of CNY 0.58, which is a 3.57% increase from the previous year [23]. - The company's main business revenue reached ¥1,404,362,252.51, up 0.45% compared to the previous year, while the main business cost decreased by 4.64% to ¥901,859,993.84 [53]. - The gross profit margin for the beverage segment was 35.78%, an increase of 3.43 percentage points year-on-year [55]. - The company achieved operating revenue of ¥1,411,901,969.90 in 2023, a year-on-year increase of 0.60% [49]. - The net profit attributable to the parent company was ¥218,762,487.46, reflecting a year-on-year increase of 16.65% [49]. Dividend Distribution - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling approximately 190.33 million RMB, which accounts for 80.32% of the net profit attributable to ordinary shareholders [6]. - The total cash dividend, including share repurchase amounts, is approximately 399.72 million RMB, representing 168.69% of the net profit attributable to ordinary shareholders [7]. - The board of directors has approved the profit distribution plan, which is subject to the annual general meeting's review [6]. - The proposed cash dividend for 2023 is 5.00 CNY per 10 shares, amounting to 190,334,590.50 CNY, which represents 80.32% of the net profit attributable to shareholders [168]. - The company repurchased shares for a total amount of 209,383,478.77 CNY, which will be considered as part of the cash dividend calculation, bringing the total cash dividend to 399,718,069.27 CNY, exceeding 168.69% of the net profit [169]. Research and Development - The company emphasized R&D and technological innovation, increasing investment in research and development [32]. - Research and development expenses increased by 25.36% to ¥19,336,684.09, indicating a focus on innovation [50]. - The company has a total of 191 valid patents, including 20 invention patents, 130 utility model patents, and 41 design patents as of December 31, 2023 [46]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency and sustainability [144]. - The company is investing $200 million in research and development for new technologies aimed at enhancing product quality and efficiency [146]. Market Expansion and Strategy - The company plans to expand its market presence by developing new channels and focusing on emerging markets [33]. - The company aims to enhance its market service quality by optimizing resource utilization and ensuring effective execution of market activities [34]. - The company has developed a robust marketing network covering most regions in China, utilizing both traditional and online sales channels to strengthen its market presence [41]. - The company plans to enhance its e-commerce strategy in 2024 by restructuring its e-commerce team and optimizing product pricing to improve consumer experience and increase repurchase rates [93]. - The company aims to focus on new product sales in the e-commerce sector, making it a key performance indicator for 2024 [93]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 100 million allocated for this purpose [144]. - Market expansion plans include entering three new international markets by the end of 2024, targeting a 10% increase in global market share [144]. Environmental and Social Responsibility - The company invested RMB 3,204,600 in environmental protection during the reporting period [178]. - The wastewater treatment capacity is 2,000 tons per day, and the treatment process includes anaerobic, aerobic, and sedimentation methods, achieving compliance with discharge standards [182]. - The company has established an emergency response plan for environmental incidents, which is filed with the local ecological environment bureau [184]. - The company has implemented energy-saving measures, such as switching to variable frequency control for aeration in wastewater treatment, significantly reducing electricity consumption [195]. - The company has established a public welfare fund with a commitment of 10 million yuan to assist socially disadvantaged groups, with 2.0808 million yuan donated in 2023 alone [197]. Governance and Compliance - The company has a structured governance system in compliance with national laws and regulations, ensuring the protection of shareholder rights and interests [134]. - The board of directors consists of nine members, including three independent directors, and has established specialized committees for audit, nomination, compensation, and strategy [134]. - The company actively manages investor relations and information disclosure, ensuring transparency and compliance with legal requirements [135]. - The financial department operates independently, with a dedicated team and a standardized accounting system, allowing for independent financial decision-making and no shared bank accounts with the controlling shareholder [138]. - The company has not faced any penalties from securities regulatory agencies in the past three years [150]. Employee and Talent Development - The total number of employees in the parent company and major subsidiaries is 1,772, with 1,174 in production, 294 in sales, and 84 in technical roles [162]. - The company has established a training plan to enhance talent development, focusing on internal training and partnerships with external training organizations [164]. - The company focuses on continuous improvement in employee benefits and performance evaluation to enhance workforce motivation and growth [35]. - A talent development mechanism will be established to enhance internal training and promote employee growth in line with the company's strategic goals [120]. Risks and Challenges - The company faces risks related to food quality control, with strict adherence to ISO standards to mitigate potential issues [122]. - There is a high dependency on a single product line, which could impact long-term performance if market conditions change [123]. - The company is exposed to raw material price volatility, particularly for milk powder, which could affect profit margins [123].

浙江李子园食品股份有限公司 2023 年度审计报告 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5–8, 12 and 23, Block A. UDC Times Building, No. 8 Xinye Road, Qianjiang New City, Hangzhou Tel. 0571-88879999 www.zhcpa.cn E明该审计报告是否由具有执业许可的会计师事务所出 您可使用手机"扫一扫"或进入"注册会计 i | | | . 3 | | --- | --- | --- | | 1 | 1.0 | | | | 页 次 | | --- | --- | | 一、审计报告 | 1-6 | | 二、财务报表 | 7-18 | | (一) 合并资产负债表 | 7-8 | | (二) 合并利润表 | 9 | | (三) 合并现金流量表 | 10 | | (四) 合并所有者权益变动表 | 11-12 | | (五) 母公司资产负债表 | 13-14 | | (六) 母公司利润表 | 15 | | (七) 母公司现金流量表 | 16 | | (八) 母公司所有者 ...

证券代码：605337 证券简称：李子园 浙江李子园食品股份有限公司 2023年年度股东大会会议资料 2024年5月 | | | | 2023年年度股东大会议程 | 1 | | --- | --- | | 2023年年度股东大会会议须知 | 3 | | 关于2023年度董事会工作报告的议案 | 5 | | 关于2023年度监事会工作报告的议案 | 12 | | 关于2023年度独立董事述职报告的议案 | 18 | | 关于2023年度财务决算报告的议案 | 19 | | 关于2023年年度报告及其摘要的议案 | 25 | | 关于2023年度利润分配预案的议案 | 26 | | 关于续聘会计师事务所的议案 | 29 | | 关于公司2024年度董事薪酬的议案 | 33 | | 关于公司2024年度监事薪酬的议案 | 35 | | 关于变更注册资本及修订《公司章程》并办理工商变更登记的议案 | 36 | 浙江李子园食品股份有限公司 2023年年度股东大会议程 一、召开会议的基本情况 （一）股东大会类型和届次：2023年年度股东大会 （二）会议召集人：浙江李子园食品股份有限公司董事会 （三）投票方式：本次股东大会 ...

2024年4月10日，浙江李子园食品股份有限公司(证券简称：李子园；证券代码：605337.SH)披露了2023 年年报。当期公司营业收入为14.12亿元，同比上涨0.60%；归属净利润为2.37亿元，同比上涨7.2%。公 司主营含乳饮料和其他饮料的研究、生产与销售。 但经我们研究发现，2023年年报或未披露李子园现任董事夏顶立目前兼任执行董事及经理的关联方；披 露的上一年度关联交易与2022年年报数据存在明显差异。公司披露的设计产能和产品库存量都各自矛 盾。此外，年报披露的发明专利、研发人员情况或也存疑。 图片 来源：摄图网 或遗漏了董事对外兼职的关联方，关联采购金额存疑 据李子园2023年年报，2019年9月至今，夏顶立任公司董事。年报“在其他单位任职情况”中仅显示， 2022年3月至2023年12月，夏顶立任嘉美食品包装(滁州)股份有限公司董事。 据公开信息，自2023年11月30日至今，茅台(北京)私募基金管理有限公司(以下简称：北京茅台私募)执 行董事兼经理为夏顶立。如果北京茅台私募的现任董事、高级管理人员夏顶立，就是李子园的现任董事 夏顶立，那么公司的2023年年报恐有遗漏董事兼任董事及高级管理人 ...

浙江李子园食品股份有限公司 关于召开 2023 年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。 | 证券代码：605337 | 证券简称：李子园 | 公告编号：2024-032 | | --- | --- | --- | | 转债代码：111014 | 转债简称：李子转债 | | 重要内容提示： 会议召开时间：2024 年 04 月 25 日(星期四) 上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： 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 2024 年 04 月 18 日(星期四) 至 04 月 24 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 zqswb@liziyuan.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。 浙江李子园食品股份有限公司（以下简称"公司"）已于 2024 年 ...

[Table_QuoteInfo] -46.11% -34.11% -22.11% -10.11% 1.89% 2023/4 2023/7 2023/10 2024/1 李子园 海通综指 [Table_Summary] 投资要点： 华东市场偏弱，期待核心市场 24 年回暖向好。23 年分区域表现来看，华东 市场有所承压，同比下滑 3.61%，华中/西南市场表现平稳，分别同比增长 5.10%/3.51%，此外华南市场表现较好，同比增长 22.03%。华东/华中/西南 是我国经济较为发达或人口较为密集的省份，市场仍有较大的开拓深挖空间， 我们期待 24 年这些市场表现能够回暖向好。 请务必阅读正文之后的信息披露和法律声明 | --- | --- | --- | --- | |------------------------------------------------|--------------------------------------|--------------|--------------------| | 表 1 可比上市公司估值表（ \n上市公司 | 2024 年预测 PE ，倍） \n证券代 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][13][40] Core Views - The company achieved a revenue of 1.41 billion yuan in 2023, a year-on-year increase of 0.6%, and a net profit attributable to shareholders of 240 million yuan, up 7.2% year-on-year [1] - The company is expected to see net profits of 290 million yuan, 350 million yuan, and 410 million yuan from 2024 to 2026, with corresponding EPS of 0.73 yuan, 0.88 yuan, and 1.03 yuan, leading to dynamic PE ratios of 19x, 16x, and 14x respectively [2][14] - The successful issuance of convertible bonds raised 600 million yuan to enhance production capacity, and the employee stock ownership plan reflects confidence in future growth [4][31] Revenue and Profitability - The company reported a gross margin of 35.8% in 2023, an increase of 3.4 percentage points year-on-year, primarily due to lower raw material and energy costs, as well as price increases [13][20] - The sales expense ratio decreased by 0.5 percentage points to 11.9%, while the management expense ratio increased by 0.5 percentage points to 4.7% [13] - The net profit margin improved by 1 percentage point to 16.8% in 2023 [13] Product and Regional Performance - In 2023, the revenue from dairy beverages was 1.38 billion yuan, up 2%, while other products generated 30 million yuan, down 30.4% [6] - Revenue by region showed growth in Central and Southwest China, with East China experiencing a decline of 3.6% [6] Future Outlook - The company aims to expand its market presence, particularly in the breakfast and small dining channels, with projected revenue growth rates of 19.1%, 17.1%, and 13.7% from 2024 to 2026 [31][34] - The company has set ambitious performance targets for 2024 and 2025 as part of its employee stock ownership plan, indicating strong confidence in future growth [4][31]

公司控股股东浙江丽水水滴泉投资发展有限公司（以下简称"水滴泉投资"）、 公司实际控制人李国平、王旭斌夫妇及一致行动人衢州市誉诚瑞股权投资合伙企 业（有限合伙）（以下简称"誉诚瑞投资"，曾用名"金华市誉诚瑞投资合伙企 业（有限合伙）"）通过原股东优先配售，合计认购"李子转债"3,661,810 张，占 可转债发行总量的 61.03%。 二、 可转债持有比例变动情况 2024 年 2 月 20 日至 2024 年 2 月 29 日期间，公司实际控制人李国平、王旭 斌夫妇及其一致行动人誉诚瑞投资通过上海证券交易所系统以大宗交易方式和 集中竞价方式合计减持"李子转债"811,820 张，占可转债发行总量的 13.53%。 转让后，水滴泉投资持有"李子转债"1,933,110 张，占可转债发行总量的 32.22%， 李国平先生持有"李子转债"800,380 张，占可转债发行总量的 13.34%，王旭斌 女士持有"李子转债"116,500 张，占可转债发行总量的 1.94%。誉诚瑞投资不再 持有"李子转债"。具体内容详见公司于 2024 的 3 月 2 日披露的《关于债券持有 人可转债持有比例变动达到 10%的公告》（公 ...