证券代码：000848 证券简称：承德露露 公告编号：2024－031 承德露露股份公司 关于 2024 年限制性股票激励计划 授予登记完成的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、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、本次限制性股票授予日：2024 年 4 月 17 日 2、本次授予的限制性股票上市日：2024 年 4 月 26 日 3、本次限制性股票授予数量：1,300.00 万股，约占授予日公司 总股本的 1.24% 4、本次限制性股票授予价格：6.00 元/股 5、本次限制性股票授予登记人数：5 人 6、本次限制性股票来源：公司从二级市场回购的 A 股普通股股 票 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"） 及深圳证券交易所、中国证券登记结算有限责任公司深圳分公司的有 关规定，承德露露股份公司（以下简称"公司"）完成了 2024 年限 制性股票激励计划（以下简称"本次激励计划"、"本激励计划"） 1 2 案》，并于 2024 年 4 月 3 日披露了《关于 2024 年限制性股票激励计 划内幕信息知情人及激励对象买卖公司股票情况的自查报告 ...

Q1 延续稳健增长，分红率提升 吴立 分析师 SAC 执业证书编号：S1110517010002 wuli1@tfzq.com 李本媛 分析师 SAC 执业证书编号：S1110524040004 libenyuan@tfzq.com 何宇航 分析师 SAC 执业证书编号：S1110523090002 heyuhang@tfzq.com 固定资产 196.99 179.91 193.50 373.08 499.66 资产/信用减值损失 (5.03) 0.48 (0.50) (13.00) (14.00) 非流动负债合计 54.90 57.60 57.60 57.60 57.60 速动比率 3.12 3.14 2.94 2.25 2.58 一般声明 公司 23 年分红率+14pct 至 65%、股息率 4-5%、年末货币现金 31 亿元，24Q1 发布股权激励草案以提升员工积极性。我们认为，公司主业经营稳健，区 域上精耕北方基地市场，积极开拓西南、华东市场（拟在杭州投资新建 15 万吨露露系列饮料产能），推进全渠道发力。产品上，公司探索第二增长曲 线，开发多元化的杏仁+及其他植物基饮品，重点开发 LOLO 水系列 ...

承德露露股份公司 2024 年员工持股计划第一次持有人会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 股票简称：承德露露 股票代码：000848 公告编号：2024－029 一、会议召开情况 承德露露股份公司（以下简称"公司"） 2024 年员工持股计划（以 下简称"本持股计划"）第一次持有人会议于 2024 年 4 月 25 日以通讯 表决方式召开，会议由公司董事会秘书刘明珊召集和主持，出席本次会 议的持有人共计 139 人，代表公司员工持股计划份额 3,696 万份，占本 持股计划份额（不含预留份额）的 100%。本次会议的召集召开和表决 程序符合法律法规和本持股计划的相关规定。 二、会议审议情况 （一）审议通过了《关于设立公司 2024 年员工持股计划管理委员 会的议案》； 为了促进本持股计划日常管理的效率，根据《承德露露股份公司 2024 年员工持股计划》和《承德露露股份公司 2024 年员工持股计划管 理办法》的有关规定，同意设立本持股计划管理委员会，作为本持股计 划的日常管理与监督机构。管理委员会对本持股计划持有人会议负责， 代表持有 ...

证券代码：000848 证券简称： 承德露露 公告编号： 2024- 030 承德露露股份公司 关于 2024 年员工持股计划完成非交易过户的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性 陈述或重大遗漏。 承德露露股份公司（以下简称"公司"）于 2024 年 3 月 14 日召 开第八届董事会 2024 年第二次临时会议及第八届监事会 2024 年第 三次临时会议，并于 2024 年 4 月 2 日召开 2024 年第二次临时股东 大会，审议通过了《关于公司<2024 年员工持股计划（草案）>及其摘 要的议案》《关于公司<2024 年员工持股计划管理办法>的议案》等相 关议案。具体内容详见公司于 2024 年 3 月 16 日、2024 年 4 月 3 日 在巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》及《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范 运作》的要求,现将公司 2024 年员工持股计划（以下简称"本次员工 持股计划"）实施进展情况公告如下： 一、本次员工持股计划 ...

请务必阅读正文之后的信息披露和法律声明 | --- | |---------------------------------------------------------------| | 股票数据 | | 04 [ Table_StockInfo 月 19 日收盘价（元） ] | | 52 周股价波动（元） | | 总股本 / 流通 A 股（百万股） | | 总市值 / 流通市值（百万元） | | 相关研究 | | [Table_ReportInfo] 《发布员工持股计划草案，期待激励下业绩更 | | 上一层楼》 2024.03.17 | | 《单三季度收入增长提升，持续维持较高盈利 | | 水平》 2023.11.03 | | 《杏仁露表现稳健，果仁核桃快速成长》 | | 2023.08.27 市场表现 | | --- | --- | --- | --- | |--------------------------|-------|-------|-------| | | | | | | 沪深 300 对比 | 1M | 2M | 3M | | 绝对涨幅（ % ） | 9.7 | 15.2 | 14.8 ...

请务必阅读正文之后的免责条款部分 | --- | --- | |-----------------------------|-----------------------------| | | | | | | | 2023A 2,955 | 2024E 3,251 | | 1,730 | 1,942 | | 25 344 | 27 358 | | 32 | 33 | | 797 | 865 | | 0 | 0 | | 0 -47 844 208 0 638 3,120 0 | 1 -45 912 221 0 693 3,638 0 | | 0 | 0 | | 180 | 151 | | 327 4,181 | 324 4,875 | | 1,000 | 1,001 | | 58 | 58 | | 3,124 3,128 | 3,816 3,820 | | | | | 601 | 656 | | 22 | 30 | | -21 | -113 | | -190 | -90 | | | | | 412 | 484 | | 627 -190 | 607 -89 | | -308 130 | 0 518 | | | | ...

证 2024 年 04 月 17 日 研 究 报 告 基本数据 2024-04-16 当前股价（元） 8.54 总市值（亿元） 90 总股本（百万股） 1053 流通股本（百万股） 1053 52 周价格范围（元） 7.38-9.98 日均成交额（百万元） 83.91 公 司 研 究 业绩略超预期，市场开拓初显成效 —承德露露（000848.SZ）公司事件点评报告 买入(维持) 事件 分析师：孙山山 S1050521110005 sunss@cfsc.com.cn 联系人：肖燕南 S1050123060024 xiaoyn@cfsc.com.cn 市场表现 资料来源：Wind，华鑫证券研究 相关研究 1、《承德露露（000848）：发布激 励与持股计划，激发经营活力》 2024-03-18 2、《承德露露（000848）：业绩符 合预期，扩产顺利推进》2023-10- 28 3、《承德露露（000848）：利润增 长超预期，期待市场开拓加速》 2023-08-22 投资要点 ▌全年收入略超预期，一季度利润稍承压 全年业绩略超预期，单四季度实现双位数增长。2023 年总营 收 29.55 亿元（同增 9.76% ...

承 德 露 露 股 份 公 司 审计报告 天职业字[2024]6401 号 录 审计报告 ------ -1 2023 年度财务报表 -6 —14 2023 年度财务报表附注— 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行查 " 审计报告 天职业字[2024]6401 号 承德露露股份公司全体股东: 一、审计意见 我们审计了后附的承德露露股份公司(以下简称"承德露露公司")财务报表,包括 2023 年 12 月 31 日的合并及母公司资产负债表，2023 年度的合并及母公司利润表、合并及母公司 现金流量表、合并及母公司股东权益变动表,以及财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公允反映了 承德露露公司 2023年 12 月 31 日的合并及母公司财务状况以及 2023 年度的合并及母公司经 营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对 财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职 业道德守则,我们 ...

目 录 控股股东及其他关联方资金占用情况的专项说明 --- -1 2023 年度非经营性资金占用及其他关联资金往来情况汇总表— -2 控股股东及其他关联方资金占用情况的专项说明 天职业字[2024]6401-2 号 承德露露股份公司董事会: 我们审计了承德露露股份公司(以下简称"承德露露公司")财务报表,包括2023年12 月31日的资产负债表和合并资产负债表、2023年度的利润表和合并利润表、现金流量表和合 并现金流量表、股东权益变动表和合并股东权益变动表以及财务报表附注,并于2024年4月15 日签署了无保留意见的审计报告。 根据中国证监会、公安部、国资委、中国银保监会《上市公司监管指引第8号 -- 上市公 司资金往来、对外担保的监管要求》(中国证券监督管理委员会公告[2022]26号)和证券交 易所相关文件要求,承德露露公司编制了后附的2023年度非经营性资金占用及其他关联资金 往来情况汇总表(以下简称"汇总表"）。 编制和对外披露汇总表,并确保其真实性、合法性及完整性是承德露露公司管理层的责 任。我们的责任是对汇总表所载信息与已审计财务报表进行复核。经复核,我们认为,承德 露露公司汇总表在所有重大方面 ...

Dividend and Share Capital - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, with no bonus shares issued[4]. - The total share capital for the profit distribution plan is based on the total number of shares eligible for profit distribution on the record date[4]. - The company canceled 23,864,926 shares for capital reduction, reducing the total share capital from 1,076,419,000 shares to 1,052,554,074 shares[18]. - The board proposed a profit distribution plan to distribute a cash dividend of 4 RMB per 10 shares (including tax), with an estimated total cash dividend amount of approximately 410.62 million RMB (including tax) based on the current total share capital of 1,026,554,079 shares[130]. - The company has a clear cash dividend policy, ensuring transparency and compliance with shareholder interests[129]. - The company has no plans for stock dividends, maintaining a focus on cash distributions to shareholders[129]. Financial Performance - In 2023, the company's operating revenue reached approximately ¥2.95 billion, representing a 9.76% increase compared to ¥2.69 billion in 2022[19]. - The net profit attributable to shareholders was approximately ¥638.13 million, reflecting a 6.02% increase from ¥601.89 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥634.57 million, up by 5.26% from ¥602.92 million in 2022[19]. - The company's total assets at the end of 2023 were approximately ¥4.18 billion, marking a 9.63% increase from ¥3.81 billion at the end of 2022[20]. - The net assets attributable to shareholders increased to approximately ¥3.09 billion, an 11.97% rise from ¥2.76 billion in 2022[20]. - The basic earnings per share for 2023 was ¥0.61, a 7.02% increase compared to ¥0.57 in 2022[19]. - The weighted average return on equity decreased to 22.02%, down by 1.68 percentage points from 23.70% in the previous year[19]. - The company reported a total profit of CNY 845.98 million, up 6.48% from the previous year[34]. - The company generated a net cash flow from operating activities of CNY 526.61 million in Q4, a significant recovery from a negative cash flow in Q2[24]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[4]. - The company has outlined potential risks and countermeasures in the management discussion and analysis section of the report[4]. - The company faced regulatory scrutiny from the Hebei Securities Regulatory Bureau, resulting in a warning letter due to issues in information disclosure and corporate governance[114]. - The company is committed to maintaining compliance with relevant laws and regulations, ensuring the protection of shareholders' rights[120]. Market Strategy and Product Development - The company plans to focus on product innovation and category upgrades to meet changing market demands and enhance competitiveness[34]. - The company launched new products including classic low-sugar walnut milk and almond milk in various flavors to cater to diverse consumer needs[35]. - The company is expanding its marketing strategies through online and offline channels, including collaborations with other brands and targeted advertising in cinemas and public transport[36]. - The company emphasizes the importance of health and nutrition in its product offerings, aligning with consumer trends towards low-sugar and low-fat options[30]. - The company aims to enhance brand recognition and market share in the plant-based beverage sector through innovative marketing and product development strategies[34]. - The company plans to launch several new products, including almond and coffee beverages, to diversify its product offerings and meet consumer demand[64]. - The company is developing a solid almond drink and several water series products to enhance its product portfolio and address seasonal market fluctuations[64]. - The company aims to increase its annual production capacity to 500,000 tons for the Lulu beverage series, with ongoing construction efforts[121]. Research and Development - Research and development expenses rose by 33.93% to ¥30,567,116.33, compared to ¥22,823,551.77 in the previous year, reflecting the company's commitment to product innovation[52]. - The company has a strong technical advantage with 68 patents, including 12 invention patents, and has participated in the formulation of industry and national standards[50]. - The number of R&D personnel remained stable at 105, but the proportion of R&D staff decreased from 8.35% in 2022 to 8.04% in 2023[65]. Environmental Responsibility - The company holds a national pollutant discharge permit valid from November 17, 2022, to November 16, 2027, indicating compliance with environmental regulations[140]. - The company invested approximately CNY 358,000 annually in environmental governance and protection[146]. - The company has established a wastewater treatment facility that operates under the contact oxidation method, meeting environmental assessment requirements[142]. - The company’s emissions of COD and ammonia nitrogen from wastewater are 19.46 tons and 2.85 tons respectively, both within the permissible limits[141]. - The company’s air emissions of nitrogen oxides are 1.67 tons, also compliant with environmental standards[141]. - The company has implemented a self-monitoring plan for pollutants, with third-party testing conducted regularly[145]. - The company has a response plan for environmental emergencies, registered with the local environmental protection authority[144]. Corporate Governance - The company maintains a clear ownership structure with the controlling shareholder, ensuring independence in assets, personnel, finance, and operations[101]. - The company has an independent financial department with its own accounting system and tax obligations, ensuring no overlap with the controlling shareholder's financial operations[101]. - The company operates independently in production and sales, with no competition with the controlling shareholder, and conducts related transactions based on market principles[102]. - The company has established independent management departments, including logistics and finance, with no mixed operations with the controlling shareholder[101]. - The company has a structured governance framework in compliance with relevant laws, ensuring operational independence[101]. Employee Management - The total number of employees at the end of the reporting period was 1,306, with 713 in sales and 339 in production[124][125]. - The company conducted 230 training sessions during the reporting period, with a total of 7,008 participants, achieving a 100% employee training coverage rate[127]. - The company has no retired employees requiring pension expenses, indicating a focus on current workforce management[124]. - The company is focused on optimizing its talent pool by attracting high-caliber professionals and implementing employee incentive programs to enhance innovation and competitiveness[91]. Share Buyback and Financial Transactions - The company completed a share buyback of 23,864,926 shares, representing 2.22% of the total share capital, with a total payment of approximately RMB 200 million[186][198]. - The maximum transaction price during the buyback was RMB 9.31 per share, while the minimum was RMB 7.98 per share, with an average transaction price of RMB 8.38 per share[198]. - As of May 12, 2023, the total number of shares after the buyback and cancellation was 1,052,554,074 shares[198]. - The company paid CNY 1,123,007.17 million in deposits and had a closing balance of CNY 310,246.72 million with its related party, Wanxiang Financial Co., Ltd.[175]. - The company has not engaged in any major related party transactions during the reporting period[171][172][173][174]. Future Outlook - The company aims to achieve steady revenue growth in 2024 by focusing on market development, enhancing channel penetration, and optimizing product structure[88]. - The company has set a future revenue guidance of 1.8 billion yuan for the next fiscal year, anticipating a growth rate of approximately 12%[107]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a focus on complementary beverage brands[107]. - The company plans to enhance its digital presence, aiming for a 50% increase in online sales by the end of the next fiscal year[110].