2023 年年度股东大会决议公告 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。 特别提示： 证券代码：002820 证券简称：桂发祥 公告编号：2024-032 天津桂发祥十八街麻花食品股份有限公司 1.本次股东大会无否决议案或修改议案的情况；本次股东大会上没有新提议案提 交表决。 2.本次股东大会不涉及变更前次股东大会决议的情况。 一、会议召开和出席情况 1.会议召开时间 （1）现场会议召开时间：2024 年 5 月 9 日（星期四）13:30 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为2024 年 5 月 9 日（星期四）的交易时间，即 9:15—9:25，9:30—11:30 和 13:00—15:00。通过 深圳证券交易所互联网投票系统投票的具体时间为 2024 年 5 月 9 日（星期四）上午 9:15 至下午 15:00 期间的任意时间。 2.现场会议召开地点：天津市河西区洞庭路 32 号公司二楼会议室 3.会议召开方式：本次股东大会采取现场投票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：公司董 ...

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 8519-1300 传真：(86-10) 8519-1350 junhebj@junhe.com 关于天津桂发祥十八街麻花食品股份有限公司 2023 年年度股东大会的法律意见书 本法律意见书仅就本次股东大会的召集和召开程序、出席本次股东大会人员 的资格、召集人资格、会议表决程序是否符合中国相关法律、法规及《公司章程》 的规定以及表决结果是否合法有效发表意见，并不对本次股东大会所审议的议案 内容以及该等议案所表述的相关事实或数据的真实性、准确性或合法性发表意 见。 本法律意见书仅供见证本次股东大会相关事项合法性之目的而使用，未经本 所书面同意，任何人不得将其用作其他任何目的。 为出具本法律意见之目的，本所委派律师列席了贵公司本次股东大会，并根 据现行法律、法规的有关规定及要求，按照律师行业公认的业务标准、道德规范 和勤勉尽责精神，对贵公司提供的与本次股东大会有关的文件和事实进行了核查 和验证。在此基础上，本所律师发表法律意见如下： 一、关于本次股东大会的召集和召开程序 1、 根据贵公司第四届董事会第十九次会议决议及于 202 ...

证券代码：002820 证券简称：桂发祥 公告编号：2024-031 天津桂发祥十八街麻花食品股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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。 根据《公司法》及《公司章程》的有关规定，经天津桂发祥十八街麻花食品股份有 限公司（以下简称公司）第四届董事会第二十一次会议审议通过，决定于 2024 年 5 月 24 日 14:30 在天津市河西区洞庭路 32 号公司二楼会议室，召开公司 2024 年第二次临 时股东大会，本次股东大会采取现场投票和网络投票相结合的方式召开，现将本次股东 大会的有关情况通知如下： 一、召开会议的基本情况 1.股东大会届次：公司 2024 年第二次临时股东大会。 2.会议召集人：公司董事会。经公司第四届董事会第二十一次会议审议通过，公司 董事会决议召开 2024 年第二次临时股东大会。 3.会议召开的合法、合规性：本次股东大会会议的召集、召开符合相关法律、行政 法规、部门规章、规范性文件和《公司章程》等规定。 4.会议召开日期、时间： （1）现场会议召开时间：2024 年 5 月 ...

证券代码：002820 证券简称：桂发祥 公告编号：2024-029 天津桂发祥十八街麻花食品股份有限公司 第四届董事会第二十一次会议决议公告 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。 一、董事会会议召开情况 天津桂发祥十八街麻花食品股份有限公司(以下简称公司)第四届董事会第二十 一次会议于 2024 年 5 月 7 日在公司二楼会议室召开，会议采用现场和通讯结合的方 式。会议通知已于 2024 年 4 月 30 日通过专人送达、电话、邮件等方式送达给全体 董事、监事。公司董事共 8 人，实际出席的董事为 8 人，其中以通讯表决方式出席会 议的董事为 3 人，分别为周峰、史兰英、任建国。会议由董事长李路主持，公司监事、董 事会秘书列席了本次会议。本次董事会的召开符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 会议以记名投票方式进行表决并通过了如下决议： 1.审议通过《关于聘任公司总经理的议案》。 鉴于公司原总经理退休，经董事长提名，董事会提名委员会审查，同意聘任龙剑先 生为公司总经理，任期自董事会审议通过之日起至第四届董事会届满之日止。 表 ...

天津桂发祥十八街麻花食品股份有限公司 关于聘任公司总经理、补选非独立董事及 战略委员会委员的公告 证券代码：002820 证券简称：桂发祥 公告编号：2024-030 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。 天津桂发祥十八街麻花食品股份有限公司（以下简称公司）于 2024 年 5 月 7 日召 开了第四届董事会第二十一次会议，审议通过了《关于聘任公司总经理的议案》，鉴于 公司原董事、总经理退休，决议聘任龙剑先生（简历附后）担任公司总经理，任期自董 事会审议通过之日起至第四届董事会届满之日止；审议通过了《关于补选第四届董事会 非独立董事的议案》，拟补选马天禄先生（简历附后）为第四届董事会非独立董事，任 期自股东大会审议通过之日起至第四届董事会届满之日止；审议通过了《关于补选第四 届董事会战略委员会委员的议案》，补选独立董事张俊民先生（简历附后）为第四届董 事会战略委员会委员，任期自董事会审议通过之日起至第四届董事会届满之日止。 补选非独立董事事项尚需提交股东大会审议。本次聘任总经理、补选战略委员会委 员及非独立董事完成后，不会导致董事会中兼任公司高级管理 ...

请阅读最后一页重要免责声明 3 | --- | --- | --- | |-------|-------|-------------------------------------------------| | | | | | | | | | | | 投资建议 行业指数相对同期证券市场代表性指数涨幅 | | 1 | 推荐 | > 10% | | 2 | 中性 | -10% — 10% | | 3 | 回避 | < -10% | 请阅读最后一页重要免责声明 2 本报告署名分析师具有中国证券业协会授予的证券投资咨询执业资格并注册为 证券分析师，以勤勉的职业态度，独立、客观地出具本报告。本报告清晰准确 地反映了本人的研究观点。本人不曾因，不因，也将不会因本报告中的具体推 荐意见或观点而直接或间接收到任何形式的补偿。 华鑫证券有限责任公司（以下简称"华鑫证券"）具有中国证监会核准的证券 投资咨询业务资格。本报告由华鑫证券制作，仅供华鑫证券的客户使用。本公 司不会因接收人收到本报告而视其为客户。 研 报 公 研 2024 年 04 月 25 日 券 ▌ 风险提示 | --- | --- | --- | --- | -- ...

天津桂发祥十八街麻花食品股份有限公司 2024 年第一季度报告 证券代码：002820 证券简称：桂发祥 公告编号：2024-028 天津桂发祥十八街麻花食品股份有限公司 2024 年第一季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大 遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第一季度报告是否经审计 □是 否 1 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | | | | （%） | | | 营业收入（元） | 160,391,947.85 | 142,651,899.09 | | 12.44% | | 归属于上市公司股东的净利 | 18,698 ...

Investment Rating - The report maintains a "Buy" rating for the company [15][24]. Core Views - The company has turned profitable, with a significant revenue increase of 113% in 2023, reaching 504 million yuan, driven by a recovery in the regional tourism market [15][16]. - The gross margin improved by 18 percentage points to 46.04%, attributed to better management of raw material costs and increased production efficiency [15][16]. - The company is expected to achieve revenue and net profit of at least 550 million yuan and 66 million yuan, respectively, in 2024 [15][16]. - The product structure is continuously optimized, with steady expansion of sales channels, including a notable increase in direct sales and distribution revenue [15][16]. Financial Forecast - The company's revenue is projected to grow from 734 million yuan in 2024 to 1.269 billion yuan in 2026, with growth rates of 45.7%, 35.9%, and 27.2% respectively [4][6]. - Net profit is expected to rise from 94 million yuan in 2024 to 187 million yuan in 2026, with growth rates of 53.8%, 45.4%, and 37.1% respectively [4][6]. - The diluted earnings per share (EPS) is forecasted to increase from 0.47 yuan in 2024 to 0.93 yuan in 2026 [4][6]. Key Financial Metrics - The company's return on equity (ROE) is projected to improve from 9.2% in 2024 to 15.9% in 2026 [4][6]. - The gross profit margin is expected to remain strong, with estimates of 47.2% in 2024 and 49.7% in 2026 [4][6]. - The company's total assets are projected to grow from 1.101 billion yuan in 2024 to 1.257 billion yuan in 2026 [4][6].

Financial Performance - The company's operating revenue for 2023 reached CNY 503,859,859, representing a 113.20% increase compared to CNY 236,335,777 in 2022[20]. - Net profit attributable to shareholders for 2023 was CNY 61,034,959.6, a significant increase of 187.54% from CNY 21,286,635.5 in 2022[20]. - The net cash flow from operating activities surged to CNY 109,210,121, marking a 602.11% increase from CNY 21,750,200.3 in the previous year[20]. - Basic earnings per share for 2023 improved to CNY 0.3039, compared to a loss of CNY 0.3515 in 2022, reflecting a 187.55% increase[20]. - Total assets at the end of 2023 amounted to CNY 1,058,374,113.89, a 2.47% increase from CNY 1,032,872,109.44 at the end of 2022[20]. - The weighted average return on net assets for 2023 was 6.33%, a recovery from -7.06% in 2022[20]. - In 2023, the company's total revenue for the four quarters was approximately 142.65 million, 117.80 million, 145.60 million, and 97.80 million yuan respectively, with a total annual revenue of approximately 503.85 million yuan[24]. - The net profit attributable to shareholders for the four quarters was 25.54 million, 14.59 million, 22.64 million, and -1.73 million yuan, resulting in a total annual net profit of approximately 61.04 million yuan, indicating a significant decline in the fourth quarter[24]. - The company reported a negative net profit of -1.73 million yuan in the fourth quarter, marking a downturn compared to previous quarters[24]. Market and Industry Insights - The food manufacturing industry in China saw a revenue of 2.0 trillion yuan in 2023, with a profit margin of 8.1%, reflecting a slight decrease from 2021[32]. - The leisure food market in China is projected to reach 928.6 billion yuan in 2023, with a compound annual growth rate exceeding 10% over the next five years[33]. - The baking food market in China is expected to reach 306.99 billion yuan in 2023, indicating significant growth potential despite lower per capita consumption compared to other countries[33]. - The national retail sales of consumer goods reached 471.495 billion yuan in 2023, growing by 7.2% year-on-year, while online retail sales of physical goods increased by 8.4% to 130.174 billion yuan[36]. - Domestic tourist numbers increased by 93.3% in 2023, with tourism revenue growing by 140.3%, positively impacting the company's business[37]. Product and Sales Strategy - The company is focusing on expanding its market presence and enhancing product development strategies in the upcoming year[4]. - The company successfully optimized its product structure, launching new gift boxes and specialty products during key holidays, enhancing sales in the gift category[39]. - The company expanded its online sales channels, with significant improvements in sales on platforms like Tmall and JD, and plans to launch a Douyin store in January 2024[41]. - The company operates a direct sales model with all stores being self-operated, maintaining a total of 61 stores at the beginning of the period[63]. - The company has expanded its product offerings to include local specialties and snacks, enhancing its retail store variety[58]. Operational Plans and Future Outlook - Future operational plans for 2024 include addressing identified risks and pursuing growth opportunities in the market[4]. - The company plans to launch new products, including a convenient vegetable product aimed at enhancing taste and quality, with production expected to ramp up in 2024[90]. - The company aims to strengthen its core business by focusing on four product categories: "Mahua," "Pastries," "Convenience Foods," and "OEM Products," targeting three market segments: "Gifts," "Leisure," and "Livelihood"[120]. - The company plans to enhance the quality and production scale of its pastry business, aiming for market recognition in northern regions[122]. - The company intends to expand the production capacity of its signature product "Gaba Cai" and promote it as a new brand for Tianjin[123]. Corporate Governance and Compliance - The company has established a complete and independent corporate governance structure, ensuring that the shareholders' meeting, board of directors, and supervisory board operate independently without mixed operations with the controlling shareholder[145]. - The company emphasizes the quality of information disclosure, ensuring it meets the requirements for listed companies[142]. - The company has revised its governance documents to enhance the effectiveness of independent directors and improve governance structure[142]. - The company has implemented a "Quality Return Dual Improvement" action plan, although it has not disclosed specific details[139]. - The company is committed to transparency in its financial dealings and has outlined measures to prevent related party transactions[170]. Social Responsibility and Community Engagement - The company has received multiple awards for its social responsibility efforts, including "National Civilized Unit" and "AAA Credit Enterprise" recognition[193]. - In 2023, the company organized over 20 volunteer service activities, benefiting nearly 1,000 people, and donated nearly 200,000 yuan to support social welfare initiatives[198]. - The company donated 140,000 yuan to the Tianjin Red Cross to support education, health, and technology needs in assisted areas, and contributed 10,000 yuan to prevent large-scale poverty return[200]. - The company purchased 30,000 yuan worth of consumer assistance products to support local communities, demonstrating its commitment to social responsibility[200]. Employee Development and Training - The total number of employees at the end of the reporting period was 1,119, with 907 from the parent company and 212 from major subsidiaries[174]. - The company has implemented a broad salary system linked to job value, with annual salary budget control based on strategic development and market salary levels[176]. - In 2023, the company conducted various training programs to enhance employee skills and service awareness, contributing to improved annual sales performance[177]. - The company is focused on enhancing its competitive edge through employee development and training initiatives[177]. - The company has established a comprehensive training system aimed at improving employee capabilities and optimizing talent structure[177].

天津桂发祥十八街麻花食品股份有限公司 2023 年第三季度报告 证券代码：002820 证券简称：桂发祥 公告编号：2023-040 天津桂发祥十八街麻花食品股份有限公司 2023 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大 遗漏，并承担个别和连带的法律责任。 （一） 主要会计数据和财务指标 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度报告是否经过审计 □是 否 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 会计政策变更 本报告期 上年同期 本报告期 比上年同 期增减 年初至报 告期末 上年同期 年初至报 告期末比 上年同期 增减 调整前 调整后 调整后 调整前 调整后 调整后 营业收入 （元） 145,604,8 34.13 84,977,00 7.68 84,977,00 7.68 71.35% 406, ...