Financial Performance - The company's operating revenue for Q1 2025 was ¥1,022,652,321.52, representing a 10.90% increase compared to ¥922,099,478.12 in the same period last year[5]. - The net profit attributable to shareholders decreased by 13.52% to ¥71,015,443.72 from ¥82,114,060.83 year-on-year[5]. - Total operating revenue for the current period reached ¥1,022,652,321.52, an increase of 10.9% compared to ¥922,099,478.12 in the previous period[19]. - Net profit for the current period was ¥71,015,443.72, a decrease of 13.5% from ¥82,114,060.83 in the previous period[20]. - Basic earnings per share decreased to 0.1415 from 0.1637, representing a decline of 13.4%[20]. Cash Flow - The net cash flow from operating activities increased by 23.06% to ¥481,926,127.23, up from ¥391,603,929.02 in the previous year[5]. - Operating cash flow net amount increased to ¥481,926,127.23, compared to ¥391,603,929.02 in the last period, reflecting a growth of 23.1%[21]. - The company recorded a cash inflow from operating activities of ¥1,222,310,634.45, compared to ¥1,128,219,043.93 in the previous period[21]. - The ending balance of cash and cash equivalents was $965,611,094.26, up from $630,394,120.47, representing a 53% increase[22]. - The net increase in cash and cash equivalents was $115,661,566.61, compared to $127,313,826.25 previously, indicating a decline of approximately 9%[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,223,900,604.36, a decrease of 0.58% from ¥4,248,559,265.69 at the end of the previous year[5]. - The total current assets amount to 2,957,319,870.60 CNY, a slight decrease from 2,977,116,618.92 CNY at the beginning of the period[15]. - The total liabilities decreased to ¥532,419,185.56 from ¥628,032,201.97, indicating a reduction of approximately 15.2%[18]. - The total current liabilities decreased to 526,471,911.66 CNY from 618,190,968.41 CNY[16]. - The company has a total non-current asset value of 1,266,580,733.76 CNY, slightly down from 1,271,442,646.77 CNY[16]. Borrowings and Financing - The company reported a significant increase in short-term borrowings, which rose by 343.25% to ¥199,462,901.44 from ¥45,000,000.00[9]. - Short-term borrowings increased significantly to 199,462,901.44 CNY from 45,000,000.00 CNY[16]. - Cash flow from financing activities totaled $407,918,119.41, a decrease of 44% compared to $726,638,239.49 in the previous period[22]. - Net cash flow from financing activities was -$362,918,119.41, worsening from -$223,430,539.06 year-over-year[22]. Expenses - Management expenses decreased by 29.66% to ¥25,682,823.11 from ¥36,513,663.48, primarily due to reduced employee compensation[10]. - The company reported a decrease in management expenses to ¥25,682,823.11, down 29.8% from ¥36,513,663.48 in the previous period[20]. - Research and development expenses remained stable at ¥3,211,160.36, slightly down from ¥3,234,334.33 in the last period[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,918[13]. - Guangdong Yuehai Holding Group Co., Ltd. holds 51.52% of shares, totaling 258,478,227 shares[13]. Projects and Developments - The company is implementing a new 50,000 tons/year specialty malt production line project to enhance high-end malt production capacity[14]. - The company has completed the basic engineering construction for the new malt production line project[14]. Other Financial Metrics - The weighted average return on equity was 1.94%, down from 2.40% in the same period last year, reflecting a decrease of 0.46%[5]. - The company experienced a 90.45% improvement in net cash flow from investing activities, which was -¥3,720,373.88 compared to -¥38,969,810.83 in the previous year[11]. - The company reported a 3862.49% increase in fair value changes, with a gain of ¥2,391,090.61 compared to a loss of ¥63,550.68 in the previous year[10]. Audit Information - The company did not undergo an audit for the first quarter report[23].

证券代码：001338 证券简称：永顺泰 编号：2025-005 粤海永顺泰集团股份有限公司 投资者关系活动记录表 5.中美贸易摩擦对公司有影响吗？ 答:公司目前没有从美国进口原料及出口麦芽，中美贸易摩擦对公司 的影响有限。谢谢关注！ 6.农业农村部今年推行的"粮改饲"政策，对永顺泰大麦原料采购 成本能降低多少？公司有没有申请专项补贴计划？ 答:公司的大麦原料主要来自进口，价格主要受全球谷物饲料供需和 全球天气因素等的影响。农业农村部的"粮改饲"政策，对公司大麦原 料采购成本无直接影响。谢谢关注！ 7.介绍一下公司高端麦芽生产情况。 答:随着我国啤酒产业向高端化、精酿化的发展，将带动特种麦芽和 高端麦芽的需求快速增长，麦芽产业的高端化趋势逐渐显现。公司在业 务开展之初即定位中高端领域，并随之配备了相应的生产装备及生产人 员。公司特殊工艺的定制化麦芽产品及特种麦芽产品能够较好地满足下 游啤酒制造客户的需求，公司在高端领域的先发优势与下游啤酒行业的 高端化发展趋势相匹配。另，为提升高端麦芽产能，宝麦公司正在建设 5 万吨/年特制麦芽生产线，目前该项目已取得建设工程规划许可证，并 完成基础工程施工。谢谢关注！ 8. ...

中信建投证券股份有限公司 关于粤海永顺泰集团股份有限公司 2024年度保荐工作报告 | 保荐人名称：中信建投证券股份有限公司 | 上市公司简称：永顺泰 | | --- | --- | | 保荐代表人姓名：刘泉 | 联系电话：020-38381554 | | 保荐代表人姓名：余皓亮 | 联系电话：020-38381431 | | 项 事 | 存在的问题 | 采取的措施 | | --- | --- | --- | | 1.信息披露 | 无 | 不适用 | | 2.公司内部制度的建立和执行 | 无 | 不适用 | | 3."三会"运作 | 无 | 不适用 | | 4.控股股东及实际控制人变动 | 无 | 不适用 | | 5.募集资金存放及使用 | 无 | 不适用 | | 6.关联交易 | 无 | 不适用 | | 7.对外担保 | 无 | 不适用 | | 8.收购、出售资产 | 无 | 不适用 | | 9.其他业务类别重要事项（包括 对外投资、风险投资、委托理财、 | 无 | 不适用 | | 财务资助、套期保值等） | | | | 10.发行人或者其聘请的中介机 构配合保荐工作的情况 | 无 | 不适用 | | 11 ...

中信建投证券股份有限公司 关于粤海永顺泰集团股份有限公司 首次公开发行股票并上市之保荐总结报告书 中信建投证券股份有限公司（以下简称"保荐人"）为粤海永顺泰集团股份 有限公司（以下简称"永顺泰"或"发行人"）首次公开发行股票并上市的保荐 人。截至 2024 年 12 月 31 日，永顺泰首次公开发行股票并上市持续督导期已届 满。保荐人根据《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司 自律监管指引第 13 号——保荐业务》等相关法规规定，出具本保荐总结报告书。 一、保荐人及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐人及保荐代表人对其真实性、准确性、完整性承担法律 责任。 2、本机构及本人自愿接受中国证监会对保荐总结报告书相关事项进行的任 何质询和调查。 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 二、保荐人基本情况 1、保荐人名称：中信建投证券股份有限公司 2、注册地址：北京市朝阳区安立路 66 号 4 号楼 3、主要办公地址：广州市天河区冼村路 5 号凯华国际中心 4302-07 ...

证券代码：001338 证券简称：永顺泰 公告编号：2025-014 粤海永顺泰集团股份有限公司 关于举办 2024 年度业绩说明会的公告 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： 会议问题征集： 投资者可于 2025 年 4 月 24 日 前 访问网址 https://eseb.cn/1nsF4NVE6tO 或使用微信扫描下方小程序码进行会前提问，公司 将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回 答。 粤海永顺泰集团股份有限公司（以下简称"公司"）已于 2025 年 4 月 10 日在巨潮资讯网披露了《粤海永顺泰集团股份有限公司 2024 年年度报告全文》 及《粤海永顺泰集团股份有限公司 2024 年年度报告摘要》。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 4 月 24 日（星期四）15:00-17:00 在"价值在线"（www.ir-online.cn）举办公司 2024 年度业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意见和建议。 会议召开时间：20 ...

Group 1: Financial Performance - The company achieved a significant increase in gross profit margin in 2024 due to improved procurement coordination and cost control measures, resulting in a decrease in costs and financial expenses year-on-year [2] - The gross profit margin is influenced by fluctuations in raw material and product prices, which affect operating income [2] - In 2022, cash dividends amounted to 30.10 million CNY, accounting for 19.29% of net profit; in 2023, cash dividends increased to 52.68 million CNY, representing 30.35% of net profit; the proposed cash dividend for 2024 is 151 million CNY, which is 50.27% of net profit, indicating a yearly increase in dividend payout ratio [3] Group 2: Project Development - The new 50,000 tons/year specialty malt production line project received construction planning approval last year and is currently under construction, expected to be completed by the end of 2025 [2] - The production capacity release will depend on the qualification review process by major beer companies, which requires thorough testing and certification of the new production line [3] Group 3: Market and Risk Management - The recent U.S. tariff policy has limited impact on the company as its raw material procurement and product sales do not involve the U.S. market [2] - To mitigate foreign exchange risks due to the depreciation of the RMB against the USD, the company has increased its export ratio and implemented foreign exchange derivative trading to manage exposure [2] Group 4: Strategic Outlook - The company maintains a stable relationship with major beer groups, with over 20 years of cooperation, minimizing the impact of recent personnel changes in these companies [3] - The company is focusing on the development of whiskey malt, although current demand in this area is relatively low, indicating potential for future growth [3]

证券代码：001338 证券简称：永顺泰 编号：2025-003 粤海永顺泰集团股份有限公司 3 投资者关系活动记录表 投资者关系 活动类别 特定对象调研 □媒体采访 □新闻发布会 □现场参观 □分析师会议 □业绩说明会 □路演活动 □其他： 参与单位名称 及人员姓名 中信证券罗寅 时间 2025 年 4 月 10 日下午 地点 电话会议 上市公司接待 人员姓名 董事会秘书温敏、财务部总经理徐渝辉、证券事务代表仝国明 投资者关系 活动记录 1.公司 2024 年归属于上市公司股东的净利润上涨 72.50%，请问具 体原因是什么？ 答：公司 2024 年主要采取了以下措施：一是提高客户满意度，提升 销售规模，全年销量较上年同期有一定增长；二是加强产购销协同，合 理控制节奏，特别是结合原料价格变动情况，有效把控采购节奏，降低 了采购成本；三是深入内部挖潜，进一步强化成本费用的对标管控，取 得一定成效，成本费用及财务费用等同比有一定下降。多措并举之下， 促使经营利润取得较好增长。 2.根据公司披露的 2024 年度利润分配预案，公司 2024 年度现金分 红比例大幅提升，公司有何考虑？未来在分红方面有何规划？ 答： ...

Core Insights - The company reported a total revenue of 4.282 billion yuan in 2024, a year-on-year decline of 11.53%, marking the first negative growth since 2020 [1][4] - Despite the revenue drop, the net profit attributable to shareholders increased by 72.5% to 299 million yuan, with a non-recurring net profit growth of 112.08% to 282 million yuan [1][5] - The significant profit growth was primarily driven by cost control measures rather than business expansion or market share increase [5][6] Revenue Decline and Market Challenges - The decline in revenue is attributed to challenges in the market, including a slowdown in the beer industry and fluctuations in raw material prices, which directly impacted the company's revenue [4] - Major clients such as Budweiser, Carlsberg, and Heineken are influenced by the global economic environment, leading to reduced order volumes due to weak beer consumption demand in 2024 [4] - Although the company has established a nationwide production base to lower logistics costs, it has not effectively mitigated the negative impact of declining market demand [4] Profit Growth Driven by Cost Control - The impressive net profit growth was largely due to the company's efforts in cost management, implementing "three precision management" strategies to reduce production costs and financial expenses [5] - The company also focused on technological innovation and green transformation to enhance operational efficiency [5] Risks of Dependency on Single Business - The growth in net profit is heavily reliant on internal cost optimization, raising concerns about the sustainability of profit growth if revenue does not recover [6] - The company's dependence on a single business line (malt manufacturing) increases operational risks, as a further decline in malt market demand could severely impact profitability [6] Innovation and Green Transformation - The company has made strides in innovation and green transformation, with its subsidiary becoming the first carbon-neutral malt factory in the industry and receiving various accolades [7] - However, the economic benefits from these innovations and transformations have yet to materialize fully, with significant investments in R&D and environmental initiatives yielding limited contributions to revenue and profit [7] - The company's expansion into emerging markets has not significantly boosted export growth, failing to offset the decline in the domestic market [7]

4月9日永顺泰（001338）发布2024年度分配预案，拟10派3元(含税)，预计派现金额合计为1.51亿元。派 现额占净利润比例为50.27%，以该股2024年度成交均价计算，股息率为2.82%。这是公司上市以来，累 计第3次派现。 公司上市以来历次分配方案一览 2024年度农林牧渔行业分红排名 | 代码 | 简称 | 每10股送转(股) | 每10股派现(元) | 派现金额(万元) | 派现占净利润比例(%) | 股息率(%) | | --- | --- | --- | --- | --- | --- | --- | | 002714 | 牧原股份 | 0.00 | 5.72 | 308288.04 | 17.24 | 1.35 | | 600598 | 北大荒 | 0.00 | 5.5 | 97772.39 | 89.93 | 4.03 | | 300999 | 金龙鱼 | 0.00 | 1.11 | 60179.67 | 24.05 | 0.35 | | 001338 | 永顺泰 | 0.00 | 3 | 15051.93 | 50.27 | 2.82 | | 300119 | 瑞普生物 | 0.00 ...

证券代码：001338 证券简称：永顺泰 公告编号：2025-009 粤海永顺泰集团股份有限公司 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信息披露内容的真实、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 粤海永顺泰集团股份有限公司（以下简称"公司""本公司"）于 2025 年 4 月 8 日召开的第二届董事会第十四次会议、第二届监事会第十次会议审议通过了《关于 2024 年度利润分配预案的议案》，本次利润分配预案尚需提交公司 2024 年年度股东 大会审议。 二、2024 年度利润分配方案的基本情况 1、本次利润分配预案为 2024 年度利润分配。 2、经安永华明会计师事务所（特殊普通合伙）审计确认，2024 年度公司归属于 上市公司股东的净利润为 299,401,510.82 元（人民币，下同），公司（母公司）2024 年度实现净利润 148,727,615.55 元，依照《中华人民共和国公司法》和《粤海永顺 泰集团股份有限公司章程》（以下简称"《公司章程》"）的规定，提取法定盈余 公积金 14,872,761.55 元，加上年初结转的未分配利润 148,952 ...