证券代码：002646 证券简称：天佑德酒 公告编号：2025-044 一、备查文件 1、公司第五届董事会第十九次会议（临时）决议。 特此公告。 青海互助天佑德青稞酒股份有限公司董事会 青海互助天佑德青稞酒股份有限公司 关于聘任副总经理的公告 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。 青海互助天佑德青稞酒股份有限公司（以下简称"公司"）于 2025 年 8 月 1 日召开了第五 届董事会第十九次会议（临时），审议通过了《关于聘任副总经理的议案》。 根据公司总经理万国栋先生提名，并经公司董事会提名委员会审议通过，同意聘任鲁水龙 先生为公司副总经理，负责公司除西北五省（不包含陕西）、西藏、内蒙古以外国内市场的战 略规划、业务拓展，任期自董事会审议通过之日起至第五届董事会任期届满时止（2025 年 8 月 1 日至 2026 年 3 月 16 日）。鲁水龙先生简历详见附件。 公司董事会董事的组成和人数符合《公司法》和《公司章程》规定，公司董事会中兼任公 司高级管理人员的董事人数总计未超过公司董事总数的二分之一。 2025 年 8 月 1 日 附件——鲁水龙先生 ...

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。 特别提示 1、本次股东大会不存在否决议案的情形。 证券代码：002646 证券简称：天佑德酒 公告编号：2025-041 青海互助天佑德青稞酒股份有限公司 2025 年第一次临时股东大会决议公告 2、本次股东大会不存在涉及变更前次股东大会决议的情形。 一、会议召开和出席情况 （一）会议召开情况 1、会议时间： （1）现场会议召开时间：2025年8月1日下午14:00。 （2）网络投票时间：2025年8月1日，其中，通过深圳证券交易所交易系统进行网络投票 的时间为2025年8月1日上午9:15—9:25，9:30-11:30；下午13:00-15:00；通过深圳证券交易 所互联网投票系统进行网络投票的时间为2025年8月1日9:15至15:00的任意时间。 2、现场会议地点：青海省互助土族自治县威远镇西大街6号公司七楼会议室。 3、会议召开方式：本次股东大会采取现场表决与网络投票相结合的方式。 4、会议召集人：公司董事会。 5、会议主持人：董事长李银会先生。 6、会议召开的合法、合规性：公司第五届董事会第十八次会议 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于青海互助天佑德青稞酒股份有限公司 2025 年第一次临时股东大会的 法律意见书 国枫律股字[2025]A0380 号 致：青海互助天佑德青稞酒股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见证 贵公司 2025 年第一次临时股东大会（以下简称"本次会议"）。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会 规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律业务管理办 法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法律业务执业规 则》"）等相关法律、行政法规、规章、规范性文件及《青海互助天佑德青稞酒股份有限 公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、召集人 资格、出席会议人员资格、会议表决程序及表决结 ...

证券代码：002646 证券简称：天佑德酒 公告编号：2025-042 青海互助天佑德青稞酒股份有限公司 第五届董事会第十九次会议（临时）决议公告 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。 三、备查文件 1、公司第五届董事会第十九次会议（临时）决议。 一、董事会会议召开情况 1、审议通过《关于调整组织架构的议案》，表决结果为：赞成 11 票；无反对票；无弃权 票。 《 关 于 调 整 组 织 架 构 的 公 告 》 详 见 指 定 信 息 披 露 媒 体 巨 潮 资 讯 网 （http://www.cninfo.com.cn）《证券时报》《中国证券报》《上海证券报》《证券日报》。 2、审议通过《关于聘任副总经理的议案》，表决结果为：赞成 11 票；无反对票；无弃权 票。 《 关 于 聘 任 副 总 经 理 的 公 告 》 详 见 指 定 信 息 披 露 媒 体 巨 潮 资 讯 网 （http://www.cninfo.com.cn）《证券时报》《中国证券报》《上海证券报》《证券日报》。 青海互助天佑德青稞酒股份有限公司（以下简称"公司"）于 2025 年 ...

证券代码：002646 证券简称：天佑德酒 公告编号：2025-040 青海互助天佑德青稞酒股份有限公司 | | | | | | | | 已质押股份 情况 已质 | | 未质押股份 情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股 | | | 累计被质押 | 累计被 | 合计占 | 合计占 | 押股 | | 未质 | | | 东 | 持股数量 | 持股比 | 股份数量 | 标记股 | 其所持 | 公司总 | 份限 | 占已 | 押股 | 占未 | | 名 | （股） | 例 | （股） | 份数量 | 股份比 | 股本比 | 售和 | 质押 | 份限 | 质押 | | 称 | | | | （股） | 例 | 例 | 冻 | 股份 | 售和 | 股份 | | | | | | | | | 结、 | 比例 | 冻结 | 比例 | | | | | | | | | 标记 | | 数量 | | | | | | | | | | 数量 | | | | | 天 | | | | | | | | | | | | --- | ...

丨2025年7月25日星期五丨 NO.1天佑德酒：雅鲁藏布江水电站开工对2025年业绩无重大影响 日前，有投资者向天佑德酒提问，公司在西藏有何业务布局，雅鲁藏布江水电站开工对公司有什么积极 影响。对此，天佑德酒7月24日在投资者互动平台回答称，公司西藏全资子公司西藏阿拉嘉宝，致力于 成为西藏白酒代表品牌，于2012年成立，在西藏深耕多年，拥有完整的研发、生产、销售体系，辐射西 藏及周边地区。从历史数据来看，酒类销售与当地人口、经济等因素密切相关，大型基建项目的开工对 当地经济、人口流入起正向作用，西藏公司也将紧密关注该项目建设，积极拓展市场。 目前，公司在 西藏地区实现的收入在公司整体占比较小，不会对公司2025年的业绩构成重大影响。 点评：公司明确表示"西藏地区收入占比较小，不影响2025年业绩"，这一表述客观务实，避免了市场 对"概念炒作"的误读。结合行业规律，区域酒企新市场拓展通常需经历3-5年的投入期，西藏市场作为 高海拔、低人口密度的特殊区域，消费习惯与其他省份差异较大，短期内难以贡献显著收入。不过，积 极面来看，若未来西藏经济因基建拉动进入上行周期，叠加公司持续的品牌投入和市场渗透，该区域或 成为 ...

Group 1 - The core viewpoint of the articles highlights a significant shift in the Chinese liquor industry, with major companies developing and promoting low-alcohol products below 38 degrees, aiming to attract younger consumers and diversify their product lines [1][3][9] - Major companies like Wuliangye, Luzhou Laojiao, and Yanghe are actively participating in this trend, with Wuliangye planning to launch a 29-degree product and Luzhou Laojiao already having developed a 28-degree version [2][3][4] - The low-alcohol market is projected to grow significantly, with estimates suggesting it will exceed 74 billion yuan by 2025, reflecting a compound annual growth rate of 25%, which is much higher than the overall growth of the liquor industry [3][9][10] Group 2 - The shift towards low-alcohol products is driven by changing consumer preferences, particularly among younger demographics, where over 60% prefer low-alcohol options due to the harshness of high-alcohol beverages [3][9] - Companies are not only focusing on low-alcohol products but are also exploring cocktail mixes to create a more diverse flavor profile suitable for summer consumption [5][6] - The industry is witnessing a competitive landscape where traditional high-alcohol brands are adapting to market demands, with the success of low-alcohol products hinging on the companies' ability to innovate in brewing techniques and expand distribution channels [9][10]

Core Viewpoint - The Chinese liquor industry is facing challenges such as shrinking competition, declining prices, and increasing inventory pressure, prompting leading liquor companies to enter the low-alcohol liquor market to seek growth opportunities [2][6]. Group 1: Industry Trends - Major liquor companies like Wuliangye, Luzhou Laojiao, and Jiugui Liquor are actively discussing the trend towards low-alcohol products during their annual shareholder meetings [2][3]. - The low-alcohol liquor segment is expected to become a new growth area for leading liquor companies, as they adapt to the younger consumer demographic and the trend of lower alcohol content [2][3][6]. Group 2: Company Strategies - Wuliangye plans to reintroduce a 29-degree liquor product after 20 years, with market research already underway for three different flavors, expected to launch in September [3][5]. - Luzhou Laojiao has successfully developed a 28-degree product and is testing even lower alcohol content options [3][5]. - Other companies like Moutai, Shanxi Fenjiu, and Yanghe are also increasing their focus on low-alcohol products, with various new offerings in development [3][5]. Group 3: Market Dynamics - The low-alcohol segment is seen as a potential second growth curve for some liquor companies, with Luzhou Laojiao reporting that the proportion of low-alcohol products in their portfolio has increased from 15% to around 50% [6][8]. - The overall revenue growth for liquor companies has been declining, with only two out of twenty companies achieving double-digit revenue growth in the first quarter of 2025 [6][7]. Group 4: Historical Context - The low-alcohol trend in the Chinese liquor market has historical precedents, with previous waves of low-alcohol product launches occurring in the 1970s and 1980s, but the market has predominantly favored high-alcohol products [8][9][10]. - The introduction of low-alcohol products has often faced challenges, as seen in past attempts where many low-alcohol offerings did not meet market expectations and were eventually discontinued [9][11]. Group 5: Consumer Preferences - A survey indicated that among young consumers aged 25 to 35, only 19% prefer traditional liquor, while 52% favor beer, highlighting the need for liquor companies to adapt to changing consumer preferences [3][6]. - The pricing strategy for low-alcohol products is critical, as companies must balance affordability for younger consumers with maintaining a premium brand image [13][15].

Core Viewpoint - Multiple liquor companies have reported significant declines in revenue and net profit for the first half of 2025, leading to a collective drop in stock prices for these companies [1][4]. Group 1: Company Performance - Companies such as Jiu Gui Jiu, Jin Zhong Zi Jiu, Shun Xin Agriculture, and Shui Jing Fang have all issued profit warnings, indicating substantial losses or declines in earnings [1][4]. - Jiu Gui Jiu expects a net profit of only 8 million to 12 million yuan, a year-on-year drop of 90.1% to 93.4%, with revenue around 560 million yuan, down 43% [5][6]. - Shun Xin Agriculture anticipates a net profit of 155 million to 195 million yuan, a decrease of 53.85% to 63.32% year-on-year [6][7]. - Shui Jing Fang projects a net profit of 105 million yuan, down 56.52%, with revenue of 1.498 billion yuan, a 12.84% decline [6][7]. - Jin Zhong Zi Jiu forecasts a net loss of 90 million to 60 million yuan, indicating a challenging financial situation [6][7]. - *ST Yan Shi expects a net loss of 50 million to 75 million yuan, showing a slight improvement compared to the previous year [6][7]. Group 2: Market Reaction - Following the announcements, liquor stocks collectively fell, with Jin Zhong Zi Jiu and Jiu Gui Jiu dropping over 4%, and other companies like Shui Jing Fang and Shun Xin Agriculture also experiencing declines [1][2]. - The overall liquor industry is undergoing a deep adjustment phase, with weak demand in consumption scenarios such as business banquets [4][8]. Group 3: Investment Outlook - Despite the current downturn, some analysts suggest that the liquor sector may have limited downside potential and could present mid-term investment opportunities [8]. - Factors supporting this view include sufficient pre-receipts for leading liquor companies, which may limit the extent of profit declines, and an increasing dividend rate that enhances the attractiveness of leading companies' stock yields [8].

Core Viewpoint - The company has approved a profit distribution plan for the fiscal year 2024, which includes cash dividends and details on the distribution process [1][2][4]. Summary by Sections Profit Distribution Plan Approval - The company held meetings on April 22, 2025, and June 19, 2025, to approve the 2024 profit distribution plan [1]. - The plan proposes a cash dividend of 0.11 RMB per 10 shares, with a total cash distribution amounting to 21,208,130.85 RMB, representing 50.33% of the net profit attributable to shareholders [1][2]. Details of the Distribution - The total share capital used for the distribution is 482,002,974 shares [2]. - The cash dividend will be distributed to all shareholders, with specific tax implications for different types of investors [2][3]. Key Dates - The record date for the distribution is set for July 9, 2025, and the ex-dividend date is July 10, 2025 [3]. Distribution Method - Cash dividends will be directly credited to the shareholders' accounts by their custodial securities companies [3]. Contact Information - The company provides contact details for inquiries regarding the distribution process [3].