证券代码：000596、200596 证券简称：古井贡酒、古井贡 B 公告编号：2025-012 安徽古井贡酒股份有限公司 关于2024年度利润分配预案的公告 本公司及董事会全体成员保证本公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、审议程序 安徽古井贡酒股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第十届董事会第十次会议，审议通过《公司 2024 年度利润 分配预案》，该预案尚需提交公司 2024 年度股东大会审议。 二、2024 年度利润分配预案的基本情况 （一）本次利润分配方案的基本内容 根据公司实际经营情况及《公司章程》的规定，经公司董事会讨 论，为了回报公司股东，与全体股东分享公司经营成果，同时考虑到 公司发展的资金需求状况，根据《公司章程》及相关规定，公司 2024 年度利润分配预案为：公司拟以 2024 年末股份总数 528,600,000 股为 基数，每10股派发人民币50.00元(含税)，共计人民币2,643,000,000.00 元，不送红股，不以公积金转增股本。 经容诚会计师事务所(特殊普通合伙)审计，母公司 2024 年度共 实现净利润 ...

安徽古井贡酒股份有限公司 2025 年第一季度报告 2025 年 04 月 2025 年第一季度报告 2025年第一季度报告 本公司及董事会全体成员保证本公告内容真实、准确和完整，没有虚假记载、误导性陈 述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 证券代码：000596、200596 证券简称：古井贡酒、古井贡 B 公告编号：2025-010 安徽古井贡酒股份有限公司 2.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)声明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □是 否 一、主要财务数据 （一）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □适用 不适用 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 9,146,061,070.75 | 8,286,316,919.20 | 10.38% | | 归属于上市公司股东 ...

安徽古井贡酒股份有限公司 2024 年年度报告 2025 年 04 月 第一节 重要提示、目录和释义 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。 公司负责人梁金辉、主管会计工作负责人及会计机构负责人(会计主管人员)朱家 峰声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资 者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺 之间的差异，敬请投资者注意投资风险。 公司在本报告第三节"管理层讨论与分析"之"十一、公司未来发展的展望"中 详细描述了公司经营中可能存在的风险，敬请投资者关注相关内容。 公司经本次董事会审议通过的利润分配预案为：以 528,600,000 股为基数，向全 体股东每 10 股派发现金红利 50.00 元（含税），送红股 0 股（含税），不以公积 金转增股本。 2024 年年度报告 ~ 2 ~ 目录 ~ 3 ~ 2024 年年度报告 2024 年年度报 ...

1.首批中国消费名品名单发布 4月11日，由工业和信息化部确定的首批中国消费名品名单公布，贵州茅台、五粮液、泸州老窖、西凤酒、古越龙山、衡水老白干、青岛啤 酒、贵州习酒、郎、重庆啤酒、燕京、张裕、丹泉、红星、仰韶彩陶坊、黄鹤楼酒、乌苏啤酒、天佑德、宁夏红等入选中国消费名品名单· 企业品牌。三沟、李渡酒、云门、稻花香、黄关、桥畔、西鸽酒庄、国菲等入选中国消费名品成长企业。（工业和信息化部） 中国经济信息社分析师认为，此次工信部公布首批中国消费名品名单，将对白酒行业起到振奋作用，意义重大。贵州茅台、五粮液等知名 酒企品牌入选，彰显了行业领军者的实力与地位；西凤酒、古越龙山等各具特色的品牌获得认可，凸显行业多元魅力。面对行业调整期， 众多品牌入选国家级榜单，将提升行业整体影响力，推动白酒产业在传承与创新中迈向更高台阶，实现更好发展。 2.酒业多单位及个人荣登全国轻工行业表彰榜 行业动态 4月10日，全国轻工行业先进集体、劳动模范和先进工作者表彰大会在京举行。茅台、洋河、西凤酒、今世缘、郎酒、金徽酒等15家酒企入 选全国轻工行业先进集体名单，17位酒业相关从业者获得全国轻工行业劳动模范。（中国轻工业网） | 全国轻工 ...

4月15日，古井贡酒连续3个交易日下跌，区间累计跌幅-4.36%。安徽古井贡酒股份有限公司是中国老八大名酒企业,中国制造业500强企业,是以中国第一家同 时发行A、B两支股票的白酒类上市公司安徽古井贡酒股份有限公司为核心的国家大型一档企业,坐落在历史名人曹操与华佗故里、世界十大烈酒产区之一的 安徽省亳州市。 财报显示，招商基金旗下招商中证白酒指数(LOF)A为古井贡酒前十大股东，去年四季度增持。今年以来收益率0.46%，同类排名943(总3442)。 招商中证白酒指数(LOF)A基金经理为侯昊。 简历显示，侯昊先生:经济学硕士,CFA(Chartered Financial Analyst特许金融分析师)、FRM(Financial Risk Manager金融风险管理师),2009年加入招商基金管理有 限公司,曾任风险管理部高级风控经理、部门负责人,负责投资风险管理、业绩归因、金融工程研究等工作;2011年加入量化投资部,在量化投资部的主要研究方 向是股指期货/商品期货交易策略和算法、结构化产品设计、数量化选股、微观结构等,现任招商基金量化投资部投资经理。2009年7月加入招商基金管理有 限公司,曾任风险管 ...

Investment Rating - The report maintains a "Buy" rating for Gujing Gongjiu, with a target price not specified [5]. Core Views - The company achieved steady growth in 2024, with total revenue reaching 23.578 billion yuan, a year-on-year increase of 16.41%. Operating profit was 7.751 billion yuan, up 23.36%, and net profit attributable to shareholders was 5.514 billion yuan, growing by 20.15% [1][2]. - The company plans to launch two new products in 2025 to strengthen its market position in the mid-range price segment, indicating a focus on broadening its consumer base [1][2]. - The chairman emphasized the importance of strategic consistency and long-termism in the company's growth strategy, particularly in the context of recovering banquet demand [2]. Financial Data Summary - Revenue projections for 2024-2026 are adjusted to 23.58 billion yuan, 26.04 billion yuan, and 28.94 billion yuan, respectively [2]. - Net profit forecasts for the same period are 5.51 billion yuan, 6.23 billion yuan, and 7.10 billion yuan, respectively [2]. - The company's earnings per share (EPS) is projected to grow from 10.43 yuan in 2024 to 13.43 yuan in 2026 [3][10]. - The price-to-earnings (P/E) ratio is expected to decrease from 16.83 in 2024 to 13.08 in 2026, indicating potential value appreciation [3][10]. Market Position and Strategy - The company is focusing on enhancing its management and marketing capabilities to sustain growth amid competitive pressures in the industry [2]. - The introduction of new products at accessible price points is part of a strategy to capture a larger market share and cater to diverse consumer preferences [1][2].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [9][16]. Core Views - The company reported a revenue of 23.578 billion yuan for 2024, representing a year-on-year growth of 16.41%, and a net profit attributable to shareholders of 5.514 billion yuan, up 20.16% year-on-year [4][7]. - The fourth quarter of 2024 saw a revenue of 4.509 billion yuan, a year-on-year increase of 4.84%, but a slight decline in net profit by 1.03% [4][5]. - The company is focusing on inventory reduction to enhance market quality and is expected to maintain stable growth in 2025 [5][6]. Summary by Sections Company Overview - The latest closing price is 179.85 yuan, with a total market capitalization of 95.1 billion yuan and a circulating market value of 73.5 billion yuan [3]. Financial Performance - The company achieved a net profit margin of 23.39% in 2024, an increase of 0.73 percentage points year-on-year [4]. - The projected revenues for 2024, 2025, and 2026 are 23.577 billion yuan, 26.006 billion yuan, and 28.996 billion yuan, respectively, with corresponding growth rates of 16.41%, 10.30%, and 11.50% [7][11]. Product and Market Insights - The company is expected to see stable performance in its core products, particularly in the domestic market, with a focus on high-end and mid-range products [5][6]. - The management emphasizes the importance of customer service and collaboration with distributors to enhance market presence [5]. Earnings Forecast - The forecasted earnings per share (EPS) for 2024, 2025, and 2026 are 10.43 yuan, 11.72 yuan, and 13.43 yuan, respectively, with corresponding price-to-earnings (P/E) ratios of 17, 15, and 13 [7][9].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [9][16]. Core Views - The company reported a revenue of 23.578 billion yuan for 2024, representing a year-on-year growth of 16.41%, and a net profit attributable to shareholders of 5.514 billion yuan, up 20.16% year-on-year [4][7]. - The fourth quarter of 2024 saw a revenue of 4.509 billion yuan, with a slight year-on-year increase of 4.84%, while net profit decreased by 1.03% to 768 million yuan [4][5]. - The company is focusing on inventory reduction to enhance market quality and is expected to maintain stable growth in 2025 [5][6]. Summary by Sections Company Overview - The latest closing price is 179.85 yuan, with a total market capitalization of 95.1 billion yuan and a circulating market value of 73.5 billion yuan [3]. Financial Performance - The company achieved a net profit margin of 23.39% for 2024, an increase of 0.73 percentage points year-on-year [4]. - The projected revenues for 2024, 2025, and 2026 are 23.577 billion yuan, 26.006 billion yuan, and 28.996 billion yuan, respectively, with corresponding growth rates of 16.41%, 10.30%, and 11.50% [7][11]. Earnings Forecast - The expected earnings per share (EPS) for 2024, 2025, and 2026 are 10.43 yuan, 11.72 yuan, and 13.43 yuan, respectively, with the price-to-earnings (P/E) ratios projected at 17, 15, and 13 times [9][11].

Core Viewpoint - The Shanghai Composite Index opened lower but rose throughout the day, with the CSI 300 Food and Beverage Index reported at 24,673.68 points [1] Group 1: Index Performance - The CSI 300 Food and Beverage Index has increased by 2.84% over the past month, 7.60% over the past three months, and 1.18% year-to-date [2] - The index is designed to reflect the overall performance of different industry companies within the CSI 300, categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [2] Group 2: Index Composition - The top ten weights in the CSI 300 Food and Beverage Index are: Kweichow Moutai (50.1%), Wuliangye (13.31%), Yili (9.73%), Shanxi Fenjiu (5.58%), Luzhou Laojiao (5.03%), Haitian Flavoring (3.63%), Dongpeng Beverage (2.75%), Yanghe (2.34%), Jinshiyuan (2.07%), and Gujing Gongjiu (1.51%) [2] - The market share of the CSI 300 Food and Beverage Index is composed of 75.32% from the Shanghai Stock Exchange and 24.68% from the Shenzhen Stock Exchange [2] Group 3: Industry Breakdown - The industry composition of the CSI 300 Food and Beverage Index includes: Baijiu (79.94%), Dairy Products (9.73%), Condiments and Cooking Oils (4.63%), Soft Drinks (2.75%), Beer (1.47%), and Meat Products (1.47%) [3] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [3] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the CSI 300 Index samples [3]

Core Viewpoint - Gujing Gongjiu's performance in 2024 shows strong growth despite the overall industry facing challenges, with revenue and net profit both increasing significantly compared to the previous year [1][2][5]. Financial Performance - The company achieved total revenue of 23.578 billion yuan, a year-on-year increase of 16.41% [1][2]. - Net profit attributable to shareholders reached 5.514 billion yuan, up 20.15% year-on-year [1][2]. - Operating profit was 7.751 billion yuan, reflecting a 23.36% increase from the previous year [2]. - The total assets of the company amounted to 40.516 billion yuan, growing by 14.38% compared to the beginning of the reporting period [2]. Market Position and Strategy - Gujing Gongjiu's performance exceeded the industry average, which saw a 5.3% increase in sales revenue and a 7.76% increase in profit for large-scale liquor enterprises [1]. - The company is noted for its proactive approach to managing channel health amidst high inventory levels, which has led to a strategic decision to slow growth [1][4]. - The "Nianfen Yuanjiang" product series remains a key revenue driver, contributing over 15.4 billion yuan, accounting for more than 75% of total revenue [3][6]. Stock Market Reaction - Following the earnings report, Gujing Gongjiu's stock price rose by 3.61%, closing at 178.29 yuan, with a total market capitalization of 94.244 billion yuan [4]. Industry Context - Gujing Gongjiu's net profit has doubled from 2.3 billion yuan in 2021 to 5.514 billion yuan in 2024, contrasting with the overall decline in production and sales in the liquor industry during the same period [5][6]. - The company has successfully implemented a "pyramid" product strategy, covering various price segments from low to high, which has contributed to its resilience in a challenging market [6][7]. Diversification Efforts - In addition to its core liquor business, Gujing Group is exploring diversification into the tourism and health sectors, with significant investments in hotel management and health products [8][9]. - The health division has launched new products and is working on establishing industry standards for herbal fermentation products [10].