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 ...

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 ...