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： ...

2025年4月9日，永顺泰发布2024年年报。报告显示，公司全年营业总收入为42.82亿元，同比下降 11.53%；归属净利润为2.99亿元，同比增长72.5%；扣非净利润为2.82亿元，同比增长112.08%。尽管净 利润大幅增长，但营收的显著下滑引发了市场对其未来增长潜力的担忧。 创新与绿色转型的亮点与局限 永顺泰在2024年持续推进创新驱动和绿色转型，取得了一定成果。公司旗下宝麦公司成为"行业首家碳 中和麦芽工厂"，并成功入选江苏首批省级碳达峰碳中和试点企业。此外，广麦公司获得广东省专精特 新中小企业资质认定，秦麦公司获评省级"创新型中小企业"。这些荣誉和认证在一定程度上提升了公司 的品牌形象和市场竞争力。 净利润增长依赖成本控制 永顺泰2024年归属净利润同比增长72.5%，扣非净利润更是大幅增长112.08%。这一亮眼表现主要得益 于公司在成本控制方面的努力。报告期内，公司通过实施"三精管理"（组织精健化、管理精细化、经营 精益化），有效降低了生产成本和财务费用。此外，公司还通过技术创新和绿色转型，进一步提升了运 营效率。 然而，净利润的增长并非完全源于业务扩张或市场占有率的提升，而是更多地依赖于内 ...

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 ...

Financial Performance - The company's operating revenue for 2024 was ¥4,282,017,343.75, a decrease of 11.53% compared to ¥4,840,215,868.09 in 2023[6]. - Net profit attributable to shareholders for 2024 increased by 72.50% to ¥299,401,510.82 from ¥173,565,679.83 in 2023[6]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥281,547,955.08, up 112.08% from ¥132,753,975.46 in 2023[6]. - The company's cash flow from operating activities for 2024 was ¥2,443,652,539.07, down 20.78% from ¥3,084,801,930.86 in 2023[6]. - Basic earnings per share for 2024 were ¥0.60, an increase of 71.43% compared to ¥0.35 in 2023[6]. - Total revenue for the reporting period was ¥4,066,619,026.82, a decrease of 11.42% year-on-year, with a gross margin of 12.60%, an increase of 3.57 percentage points[48]. - The company achieved record high net profit and malt sales in 2024, indicating strong financial performance[40]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares to all shareholders based on a total share capital of 501,730,834 shares as of December 31, 2024[6]. - The total distributable profit for the period is 230,125,156.80 CNY, with the remaining undistributed profit of 79,605,906.60 CNY carried forward to the next year[191]. - The cash dividend policy is consistent with the company's articles of association and has been approved by the board of directors[190]. Corporate Governance - The company has confirmed that all board members attended the meeting to review the annual report, ensuring the accuracy and completeness of the financial statements[5]. - The board of directors consists of 9 members, including 3 independent directors, and has established 4 specialized committees[138]. - The company has strengthened its internal control mechanisms and governance structure in accordance with relevant laws and regulations[135]. - The company has established and revised several management measures to enhance corporate governance, including the investment management and compliance management guidelines[139]. - The company has not received any administrative regulatory measures from supervisory authorities during the reporting period[135]. Risk Management - The report outlines potential risks the company may face in the future and the corresponding countermeasures[6]. - The company is enhancing its risk management system to strengthen major risk prevention and control, implementing a comprehensive supervision mechanism[120]. - The company is addressing raw material price fluctuations, which account for approximately 80% of its main business costs, by locking in prices shortly after sales orders are confirmed[124]. - The company is managing foreign exchange risks through forward foreign exchange contracts, as most raw material purchases are settled in USD[125]. Research and Development - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[5]. - The company has increased its investment in R&D for new technologies and products, emphasizing high standards for intellectual property protection[57]. - Research and development expenses for 2024 amounted to ¥17,622,685.64, a decrease of 0.65% compared to ¥17,737,739.22 in 2023[72]. - The company aims to fill the domestic market gap for Maximus barley malt, which is crucial for beer brewing, through ongoing research and development[69]. Market Position and Competition - The company operates in a highly competitive malt industry, with a market structure characterized by "two super and many strong" players[34]. - The company is the largest malt manufacturer in China, with production capacity ranking first in Asia and fourth globally[40]. - The company faces intense competition in the malt industry, with major competitors like COFCO Group posing significant pressure[121]. Production and Capacity - The company has a malt production capacity of 1.08 million tons per year, ranking first in Asia and fourth in the world[34]. - The company achieved a production volume of 1,068,100 tons in 2024, a slight increase of 0.13% compared to 2023, while sales volume rose by 4.45% to 1,046,600 tons[51]. - The company has implemented full automation in its production processes, enhancing efficiency and monitoring key indicators[37]. Employee and Management Changes - The company announced the resignation of Chairman Gao Rongli on February 26, 2025, due to retirement[152]. - General Manager Zhang Qian was appointed on May 23, 2024, following a work transfer[152]. - The company experienced a management transition with the resignation of Director and General Manager Luo Jiankai on March 4, 2024, due to a work transfer[152]. - The total number of employees at the end of the reporting period is 745, with 60 from the parent company and 685 from major subsidiaries[185]. Investor Relations - The company conducted multiple investor relations activities, including a conference call with 11 institutional investors on October 28, 2024[132]. - The company has actively participated in investor relations activities, including a half-year performance briefing on August 30, 2024[132]. - The company has maintained fair and reasonable transactions with its controlling shareholders, with no non-operating fund occupation reported[137]. Environmental and Social Responsibility - The company is committed to environmental protection and safety production, ensuring compliance with regulations and implementing emergency response plans[130]. - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 40% by 2025[10].

粤海永顺泰集团股份有限公司 安永华明（2025）专字第70047485_G04号 粤海永顺泰集团股份有限公司 粤海永顺泰集团股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审 计了粤海永顺泰集团股份有限公司2024年12月31日的财务报告内部控制的有效性。 一、企业对内部控制的责任 内部控制审计报告 2024年12月31日 内部控制审计报告 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价 指引》的规定，建立健全和有效实施内部控制，并评价其有效性是企业董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计 意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 中国注册会计师：冯幸致 安永华明（2025）专字第70047485_G04号 粤海永顺泰集团股份有限公司 （本页无正文） 安永华明会计师事务所（特殊普通合伙） 中国注册会计师：谢 枫 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况 的变化可能导致内部控制变得不恰当，或对控制政策和 ...

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年度募集资金存放与使用情况的专项核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作为粤 海永顺泰集团股份有限公司（以下简称"永顺泰"或"公司"）首次公开发行股票并 上市的保荐人，根据《证券发行上市保荐业务管理办法》《深圳证券交易所股票 上市规则》《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 有关规定，对永顺泰 2024 年度募集资金存放与使用情况进行了审慎核查，核查 情况及核查意见如下： 一、公司首次公开发行股票募集资金情况 （一）募集资金到位情况 根据中国证券监督管理委员会于2022年9月1日签发的证监许可[2022]2009 号文《关于核准粤海永顺泰集团股份有限公司首次公开发行股票的批复》，粤海 永顺泰集团股份有限公司(以下简称"公司"或"公司")于 2022 年 11 月向社会公众 发行人民币普通股 125,432,708 股，每股发行价格为人民币 6.82 元，募集资金总 额为人民币 855,451,068.56 元。扣除发行费用人民币 61,205,647.11 元后，实际募 集资金净额为 ...

粤海永顺泰集团股份有限公司 已审财务报表 2024年度 粤海永顺泰集团股份有限公司 目 录 | | 页 | | 次 | | --- | --- | --- | --- | | 审计报告 | 1 | - | 5 | | 已审财务报表 | | | | | 合并资产负债表 | 6 | - | 7 | | 合并利润表 | 8 | - | 9 | | 合并股东权益变动表 | | 10 | | | 合并现金流量表 | 11 | - | 12 | | 公司资产负债表 | 13 | - | 14 | | 公司利润表 | | 15 | | | 公司股东权益变动表 | | 16 | | | 公司现金流量表 | 17 | - | 18 | | 财务报表附注 | 19 | - | 124 | 审计报告 安永华明（2025）审字第70047485_G01号 粤海永顺泰集团股份有限公司 粤海永顺泰集团股份有限公司全体股东： 一、审计意见 我们审计了粤海永顺泰集团股份有限公司的财务报表，包括2024年12月31日的合 并及公司资产负债表，2024年度的合并及公司利润表、股东权益变动表和现金流量表 以及相关财务报表附注。 我们认为，后附的粤 ...

安永华明（2025）专字第70047485_G03号 粤海永顺泰集团股份有限公司 粤海永顺泰集团股份有限公司董事会： 粤海永顺泰集团股份有限公司 2024年度非经营性资金占用 及其他关联资金往来情况的专项说明 非经营性资金占用及其他关联资金往来情况的专项说明 安永华明（2025）专字第70047485_G03号 粤海永顺泰集团股份有限公司 （本页无正文） 安永华明会计师事务所（特殊普通合伙） 中国注册会计师：谢 枫 我们审计了粤海永顺泰集团股份有限公司的2024年度财务报表，包括2024年12月 31日的合并及公司资产负债表，2024年度的合并及公司利润表、股东权益变动表和现 金流量表以及相关财务报表附注，并于2025年4月8日出具了编号为安永华明（2025） 审字第70047485_G01号的无保留意见审计报告。 按照《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》的 要求，粤海永顺泰集团股份有限公司编制了后附的2024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"）。 如实编制和对外披露汇总表，并确保其真实性、合法性、完整性是粤海永顺泰集 团股份有限公司的责任。我 ...