称该公司） 5届董事会独立董事候选人。现公开声明和保证，本人与该公司之间不存在任何影响本人独立性的关系 声明人任建国，作为天津桂发祥十八街麻花食品股份有限公司 5届董事会独立董事候选人，已充分了解并同意由 提名人天津桂发祥十八街麻花食品股份有限公司第四届董事会提名为天津桂发祥十八街麻花食品股份有限公司（以下简 一、本人已经通过天津桂发祥十八街麻花食品股份有限公司股份有限公司第4届董事会提名委员会或者独立董事专门会 天津桂发祥十八街麻花食品股份有限公司 独立董事候选人声明与承诺 ，且符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易所业务规则对独立董事候选人任职资格及独立性 的要求，具体声明并承诺如下事项： 议资格审查，提名人与本人不存在利害关系或者其他可能影响独立履职情形的密切关系。 √ 是 □ 否 二、本人不存在《中华人民共和国公司法》第一百四十六条等规定不得担任公司董事的情形。 √ 是 □ 否 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易所业务规则规定的独立董事任职资格和条件。 六、本人担任独立董事不会违反《中华人民共和国公务员法》的相关规定。 √ 是 □ 否 七、本人担任独立 ...

证券代码：002820 证券简称：桂发祥 公告编号：2024-047 天津桂发祥十八街麻花食品股份有限公司 关于监事会换届选举的公告 本公司及监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）第四届监事会任期即将 届满，根据《公司法》《证券法》《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 1 号——主板上市公司规范运作》等法律法规和《公司章程》 等相关规定，公司于 2024 年 9 月 3 日召开了第四届监事会第二十一次会议，审议通过 了《关于公司换届选举第五届监事会非职工代表监事的议案》，详见于指定媒体披露的 《第四届监事会第二十一次会议决议公告》。 公司第五届监事会由 5 名监事组成，其中非职工代表监事 3 名，职工代表监事 2 名。 经第四届监事会第二十一次会议审议通过，提名许雅君、王菲、徐燕青为第五届监事会 非职工代表监事候选人（简历附后）。上述候选人名单尚需提交公司股东大会审议，并 采取累积投票制进行等额选举；待股东大会审议通过后与公司职工代表大会选举产生的 职工代表监事（详见于指定 ...

天津桂发祥十八街麻花食品股份有限公司 舆情管理制度 第一章 总则 第一条 为提高天津桂发祥十八街麻花食品股份有限公司（以下简称公司） 应对各类舆情的能力，建立快速反应和应急处置机制，正确把握和引导网络舆论 导向，及时、妥善处理各类舆情对公司股价、商业信誉及正常生产经营活动造成 的影响，切实保护投资者合法权益，根据《深圳证券交易所股票上市规则》等相 关法律法规和《天津桂发祥十八街麻花食品股份有限公司章程》（以下简称《公 司章程》）等规定制定本制度。 第二条 本制度所称舆情包括报刊、电视、网络等媒体对公司进行的负面报 道，社会上存在的已经或将给公司造成不良影响的传言或信息，可能或已经影响 投资者投资取向的信息，以及其他涉及公司信息披露且可能对公司股票及其衍生 品种交易价格产生较大影响的事件信息。 第三条 本制度所称舆情分为重大舆情与一般舆情： （一）重大舆情：传播范围广，严重影响公司公众形象或正常经营活动，使 公司已经或可能遭受损失，造成公司股票及其衍生品种交易价格变动的负面舆情。 第六条 应急领导小组是公司应对各类舆情处理工作的领导机构，统一领导 公司应对各类舆情的处理工作，就相关工作做出决策和部署，根据需要研 ...

一、召开会议的基本情况 1.股东大会届次：公司 2024 年第三次临时股东大会。 证券代码：002820 证券简称：桂发祥 公告编号：2024-049 天津桂发祥十八街麻花食品股份有限公司 关于召开 2024 年第三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）第四届董事会第二十三次会议审议通过，决定于 2024 年 9 月 19 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 年第三次临 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： 2.会议召集人：公司董事会。经公司第四届董事会第二十三次会议审议通过，公司 董事会决议召开 2024 年第三次临时股东大会。 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 9 月 ...

证券代码：002820 证券简称：桂发祥 公告编号：2024-048 天津桂发祥十八街麻花食品股份有限公司 关于职工代表监事换届选举结果的公告 公司职工代表大会决议。 截至目前，张宾松先生未持有公司股票，与持有公司 5%以上股份的股东、实际控 1 制人、公司其他董事、监事、高级管理人员之间不存在关联关系；不存在《公司法》 《公司章程》中规定的不得担任公司监事的情形，未被中国证监会在证券期货市场违 法失信信息公开查询平台公示或者被人民法院纳入失信被执行人名单，未受过中国证 监会及其他有关部门的处罚和证券交易所惩戒；不存在因涉嫌犯罪被司法机关立案侦 查或者涉嫌违法违规被中国证监会立案稽查，尚未有明确结论意见的情形。张宾松先 生符合《公司法》等有关法律、行政法规、部门规章、规范性文件及深圳证券交易所 其他相关规定要求的任职资格。 上述职工代表监事将与 2024 年第三次临时股东大会选举产生的非职工代表监事共 同组成公司第五届监事会，任期三年，自 2024 年 9 月 25 日起至第五届监事会届满之日 止。 备查文件： 本公司及监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 第四届董事会第二十三次会议决议公告 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 三次会议于 2024 年 9 月 3 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 8 月 28 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 9 人，实际出席的董事为 9 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、张俊民、任建国。会议由董事长主持，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 证券代码：002820 证券简称：桂发祥 公告编号：2024-044 同意提名李路、龙剑、田瑞红、史兰英、马天禄、宗毅为公司第五届董事会非独 立董事候选人，任期三年，经股东大会审议通过后，自 2024 年 9 月 25 日起至第五 届董事会届满之日止。 逐项表决结果均为：赞成 9 票、弃权 0 票、反对 0 ...

Group 1: Financial Performance - The company's net profit decreased by 43% in the first half of 2024 compared to the previous year, attributed to insufficient consumer demand and increased expenses [10] - As of February 6, 2024, the company's closing price was 7.27 CNY per share, with discussions on whether the stock is undervalued [4] - The company plans to maintain a stable policy of allocating 10% of annual net profit to statutory surplus reserves [9] Group 2: Market Strategy - The company is focusing on expanding its e-commerce channels and enhancing brand promotion to increase sales conversion rates [9] - Plans to open flagship stores in major cities like Beijing and Shanghai to strengthen brand presence [9] - The company aims to diversify its product line while maintaining traditional offerings, with new products like "Yi Pin Su" and OEM custom products set to launch [9] Group 3: Operational Insights - The company has established a comprehensive performance evaluation system to motivate internal teams and achieve business goals [3] - Six out of eight planned production lines for the airport project have been completed, meeting current business needs [3] - The company emphasizes food safety and quality control, having obtained ISO9001 and ISO22000 certifications [8] Group 4: Investor Relations - The company is committed to returning value to shareholders through cash dividends and share buybacks [5] - There are ongoing discussions about the company's strategy for potential mergers and acquisitions, with a cautious approach to evaluating risks [6] - The management is open to suggestions from shareholders regarding promotional activities and product offerings [5]

Group 1: Event Details - The company will participate in the "2024 Annual Half-Year Performance Briefing and Investor Online Reception Day" organized by Tianjin Securities Regulatory Bureau, Tianjin Listed Companies Association, and Shenzhen Panorama Network Co., Ltd. [2] - The event will be held online on September 3, 2024, from 15:00 to 16:30 [2] - Investors can join the event via the "Panorama Roadshow" website, WeChat official account, or by downloading the Panorama Roadshow APP [2] Group 2: Company Representatives - The event will feature company representatives including Chairman Mr. Li Lu, General Manager Mr. Long Jian, Chief Financial Officer Ms. Guo Shuang, and Board Secretary Ms. Huang Jingya [2] - These representatives will address investor concerns regarding company performance, governance, development strategy, operational status, and sustainable development [2] Group 3: Commitment to Transparency - The company and its board members guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions [2]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company faced pressure in Q2 performance but continues to strengthen brand momentum [1] - External demand remains weak, but marketing efforts are being intensified [1] - The company is preparing to launch its leisure snack products and leverage brand advantages to enhance cultural tourism attributes [1] - E-commerce channels are accelerating, with new store formats being developed to attract younger consumers [2] Financial Performance Summary - In H1 2024, the company achieved revenue of 268 million yuan, a year-on-year increase of 3%, while net profit attributable to shareholders was 2.3 million yuan, a decrease of 43% [1] - Q2 2024 revenue was 108 million yuan, down 9% year-on-year, primarily due to weak market demand [1] - The company's gross margin decreased by 2 percentage points to 44.89% in Q2 2024, attributed to changes in product mix [1] - The company plans to control expenses and enhance production line automation to maintain reasonable profit levels [1] Earnings Forecast - The company is expected to see improvements in performance as it continues to explore innovations in product launches, channel expansion, and brand building [3] - Adjusted EPS forecasts for 2024-2026 are 0.34, 0.39, and 0.45 yuan respectively, with corresponding PE ratios of 22, 19, and 17 times [3] - Revenue growth rates are projected at 10.8% for 2024, 9.8% for 2025, and 8.7% for 2026 [5]

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section contains standard report declarations, ensuring the truthfulness, accuracy, and completeness of the report content, and defines specific terms for clarity [Important Notice](index=2&type=section&id=Important%20Notice) This section contains standard report declarations, where the company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of the report content and assume corresponding legal responsibilities, also clarifying no semi-annual profit distribution is planned - Company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this semi-annual report, free from false records, misleading statements, or major omissions[2](index=2&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the 2024 semi-annual period[2](index=2&type=chunk) [Table of Contents and Definitions](index=3&type=section&id=Table%20of%20Contents%20and%20Definitions) This section provides the complete directory structure of the report and clearly defines specific terms used, such as abbreviations for company entities, controlling shareholder, and actual controller, providing guidance for subsequent reading - The actual controller of the report is the State-owned Assets Supervision and Administration Commission of Hexi District, Tianjin Municipality[5](index=5&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides the company's basic business registration information and key financial performance metrics for the reporting period [Company Profile](index=6&type=section&id=Company%20Profile) This section provides the company's basic business registration information, including stock abbreviation "Guifa Xiang", stock code "002820", and the company's full Chinese and English names, legal representative, and other core details Company Basic Information | Item | Content | | :--- | :--- | | Stock Abbreviation | Guifa Xiang | | Stock Code | 002820 | | Listed Exchange | Shenzhen Stock Exchange | | Legal Representative | Li Lu | [Key Accounting Data and Financial Indicators](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company achieved operating revenue of **268 million Yuan**, a year-on-year increase of **2.87%**, but net profit attributable to shareholders was **22.72 million Yuan**, a significant year-on-year decrease of **43.39%** Key Financial Indicators for H1 2024 | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 267,920,357.13 | 260,454,886.97 | 2.87% | | Net Profit Attributable to Shareholders of Listed Company (Yuan) | 22,719,580.81 | 40,130,285.17 | -43.39% | | Net Profit after Non-recurring Items (Yuan) | 21,540,679.17 | 38,038,550.83 | -43.37% | | Net Cash Flow from Operating Activities (Yuan) | 43,100,742.06 | 74,741,427.16 | -42.33% | | Basic Earnings Per Share (Yuan/share) | 0.11 | 0.20 | -45.00% | | Weighted Average Return on Net Assets | 2.36% | 4.15% | -1.79% | | **Indicator** | **End of Current Period** | **End of Prior Year** | **YoY Change** | | Total Assets (Yuan) | 989,352,779.79 | 1,058,374,113.89 | -6.52% | | Net Assets Attributable to Shareholders of Listed Company (Yuan) | 915,921,512.51 | 982,271,540.74 | -6.75% | - Non-recurring gains and losses totaled **1.1789 million Yuan** during the reporting period, primarily from government subsidies and wealth management income[13](index=13&type=chunk)[14](index=14&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's operational performance, financial results, core competencies, investment activities, and risk management strategies [Overview of Operations](index=9&type=section&id=Overview%20of%20Operations) In the first half of 2024, facing insufficient consumer demand, the company achieved operating revenue of **268 million Yuan**, a **2.87%** year-on-year increase, but net profit decreased by **43.39%** to **22.72 million Yuan** due to increased sales and administrative expenses supporting national expansion - The company continuously enriched its product matrix, including developing light gift products and new Chinese-style pastries, and cross-industry collaborations with IPs like Yangliuqing New Year Paintings to enhance product cultural attributes[16](index=16&type=chunk) - E-commerce channel improvements were significant, achieving operating revenue of **22.13 million Yuan**, a year-on-year increase of **73.51%**, while the distribution channel focused on expanding into external markets, with sales outlets reaching over a dozen provinces and cities[17](index=17&type=chunk) - The company actively explored a "youthful" brand strategy by sponsoring e-sports teams, organizing study tours, and collaborating with cultural tourism projects to build connections with young consumers[18](index=18&type=chunk) - Direct sales channels underwent management upgrades, exploring four models: "traditional sales stores, time-honored brand collection stores, Guixiang Dieyu, and Xiangyun Jincai," forming a multi-format layout for food retail[19](index=19&type=chunk) [Retail Business Operations](index=10&type=section&id=Retail%20Business%20Operations) The company's retail business primarily consists of direct stores and online self-operated channels, with 59 direct stores in Tianjin accounting for approximately **71%** of total revenue, and online self-operated channel revenue growing rapidly by **67.62%** year-on-year Direct Store Operations (Tianjin Area) | Indicator | Quantity/Amount | | :--- | :--- | | Number of Direct Stores | 59 | | Operating Revenue (Yuan) | 190,300,380.94 | | Contract Area (sqm) | 16,063.95 | - During the reporting period, **2 new direct stores** (TEDA Hui Store, Nezha Town Store) were opened, and **2 were closed** (Tianhuali Store, Baodi Store), maintaining the total number of stores[22](index=22&type=chunk) - Online platform direct sales business achieved operating revenue of **15.2484 million Yuan**, a year-on-year increase of **67.62%**, with online transaction volume (GMV) of **21.3864 million Yuan**[24](index=24&type=chunk) [Food Manufacturing Business Operations](index=12&type=section&id=Food%20Manufacturing%20Business%20Operations) The company's food manufacturing business, covering traditional specialty foods like Mahua and pastries, saw Mahua products remain the core revenue source at **65%** of main business revenue, with online distribution and external regional distribution revenue growing rapidly by **88.16%** and **74.37%** respectively Revenue by Sales Model | Sales Model | Operating Revenue (Yuan) | YoY Change | | :--- | :--- | :--- | | Direct Sales | 205,548,793.26 | 2.10% | | Distribution | 59,939,113.61 | 5.82% | Revenue by Product Category | Product Type | Operating Revenue (Yuan) | YoY Change | | :--- | :--- | :--- | | Mahua Products | 174,128,723.57 | 3.64% | | Outsourced Food | 45,423,836.59 | -3.10% | | Pastries and Convenience Food | 31,008,507.65 | 7.28% | | OEM Products | 14,926,839.06 | 5.39% | - Within distribution channels, online distribution and external regional revenue increased by **88.16%** and **74.37%** year-on-year respectively, while the Tianjin region decreased by **2.23%** year-on-year[32](index=32&type=chunk)[33](index=33&type=chunk) - The total number of distributors increased from 310 to **338** during the reporting period, a net increase of **28**, representing a **9.03%** growth[33](index=33&type=chunk) [Analysis of Core Competencies](index=17&type=section&id=Analysis%20of%20Core%20Competencies) The company's core competencies are primarily reflected in its strong brand cultural advantage, comprehensive channel control, strict food quality control, leading production technology and scale, and continuous R&D capabilities - Brand cultural advantage: As a "Chinese Time-honored Brand," the production technique of its flagship product "Shibajie Mahua" is listed as a National Intangible Cultural Heritage[38](index=38&type=chunk) - Channel control advantage: A comprehensive marketing network system has been formed, primarily consisting of **59 direct stores**, combined with distributors, supermarkets, and e-commerce[39](index=39&type=chunk) - R&D advantage: As of the end of the reporting period, a total of **13 invention patents** have been obtained, continuously introducing new food elements into traditional products[41](index=41&type=chunk) [Financial Analysis of Main Business](index=18&type=section&id=Financial%20Analysis%20of%20Main%20Business) Sales expenses and administrative expenses increased by **23.69%** and **23.13%** respectively, mainly due to increased personnel costs and higher e-commerce and advertising investments, leading to a net decrease of **69.59 million Yuan** in cash and cash equivalents, while e-commerce channel revenue surged by **73.51%** Key Financial Data YoY Changes | Item | Current Period | Prior Year Period | YoY Change | Main Reasons for Change | | :--- | :--- | :--- | :--- | :--- | | Sales Expenses | 74,147,103.51 | 59,945,373.81 | 23.69% | Increase in sales personnel salaries and bonuses, e-commerce agency operation service fees, and advertising investment | | Administrative Expenses | 22,769,855.04 | 18,492,626.21 | 23.13% | Increase in employee bonuses and benefits, and amortization of office building renovation expenses | | Net Cash Flow from Investing Activities | -10,517,212.60 | 1,952,883.09 | -638.55% | Decrease in wealth management income, increase in store renovation and equipment investment | | Net Cash Flow from Financing Activities | -102,174,702.20 | -47,553,740.97 | -114.86% | Increase in share repurchase through centralized bidding and dividend distribution | Operating Revenue Composition (by Region) | Region | Current Period Revenue (Yuan) | % of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Tianjin Region | 242,908,511.66 | 90.66% | -1.27% | | E-commerce | 22,133,185.24 | 8.26% | 73.51% | | Other Regions | 2,878,660.23 | 1.08% | 72.99% | - Advertising and design fees within sales expenses surged by **320.72%** year-on-year, mainly for increasing outdoor advertising in key business districts and transportation hubs, and participating in various exhibitions[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk) [Analysis of Investment Status](index=23&type=section&id=Analysis%20of%20Investment%20Status) During the reporting period, the company's investment amounted to **13.33 million Yuan**, primarily for two fundraising projects, "Airport Economic Zone Production Base Construction Project" and "Marketing Network Construction Project," both still under construction with progress rates around **64%** Progress of Major Non-Equity Investment Projects | Project Name | Investment Method | Amount Invested in Current Period (Yuan) | Cumulative Actual Investment (Yuan) | Project Progress | | :--- | :--- | :--- | :--- | :--- | | Airport Economic Zone Production Base Construction Project | Self-built | 903,501.00 | 265,175,310.98 | 64.78% | | Marketing Network Construction Project | Self-built | 6,565,419.59 | 64,189,676.24 | 64.48% | - The company publicly issued shares in 2016, raising a net amount of **484 million Yuan**, with **7.1875 million Yuan** used this period, a cumulative use of **474 million Yuan**, and **56.9519 million Yuan** remaining for committed projects[59](index=59&type=chunk) [Analysis of Major Holding and Participating Companies](index=27&type=section&id=Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) This section analyzes the operating performance of major subsidiaries, noting that the Airport Company met profit expectations due to increased output, and Guifa Xiang Food Sales Company achieved a turnaround from loss to profit due to adjusted internal procurement settlement prices Operating Performance of Major Subsidiaries | Company Name | Main Business | Operating Revenue (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | :--- | | Airport Company | Food Production and Processing | 36,737,744.60 | 3,974,189.40 | | Guifa Xiang Food Sales | Food Sales | 258,568,516.76 | 9,722,487.23 | [Risks and Countermeasures](index=27&type=section&id=Risks%20and%20Countermeasures) The company identified five major risks: food quality control, trademark infringement, lower-than-expected returns from fundraising projects, direct store operational risks, and over-reliance on the single Tianjin market, with corresponding countermeasures in place - Food quality control risk: Strict quality control measures are implemented through ISO9001 and ISO22000 system certifications[69](index=69&type=chunk) - Trademark infringement risk: Counterfeit products are combated through legal means and by expanding the coverage of direct stores[69](index=69&type=chunk) - Reliance on a single market risk: The company's revenue from the Tianjin market accounts for over **90%**, and it is mitigating this risk by expanding online and offline omni-channel markets and focusing on leisure and convenience foods[70](index=70&type=chunk) [Corporate Governance](index=29&type=section&id=Corporate%20Governance) This section details the company's corporate governance structure, including shareholder meetings and changes in senior management [Shareholder Meetings and Executive Changes](index=29&type=section&id=Shareholder%20Meetings%20and%20Executive%20Changes) During the reporting period, the company held three shareholder meetings, approving proposals such as share repurchase, annual report, profit distribution, and director re-election, while also completing the appointment of a new general manager and election of a director due to executive retirements - A total of **1 annual shareholder meeting** and **2 extraordinary general meetings** were held during the reporting period[72](index=72&type=chunk)[73](index=73&type=chunk) - Former Deputy General Manager Jiang Guijie and former General Manager Li Mingxiang resigned due to retirement, and the board of directors has appointed **Long Jian** as the new General Manager and elected **Ma Tianlu** as the new Director[75](index=75&type=chunk) [Environmental and Social Responsibility](index=31&type=section&id=Environmental%20and%20Social%20Responsibility) This section outlines the company's commitment and performance regarding environmental protection and social contributions [Environmental and Social Responsibility Status](index=31&type=section&id=Environmental%20and%20Social%20Responsibility%20Status) The company is not classified as a key pollutant-discharging unit and received no administrative penalties for environmental issues during the reporting period, strictly adhering to environmental regulations and actively participating in community building and charitable activities - The company is not a key pollutant-discharging unit and had no environmental administrative penalties during the reporting period[78](index=78&type=chunk) - The company actively fulfills its social responsibilities, carrying out activities such as comfort and assistance, community co-construction, and social charity[78](index=78&type=chunk) [Significant Matters](index=32&type=section&id=Significant%20Matters) This section covers major events and transactions that occurred during the reporting period, including share repurchases, profit distribution, and related party transactions [Overview of Significant Matters](index=32&type=section&id=Overview%20of%20Significant%20Matters) During the reporting period, the company completed its share repurchase plan and implemented the 2023 annual profit distribution, also gaining approval to use up to **300 million Yuan** of temporarily idle self-owned funds for short-term wealth management products, alongside executive changes and related party transactions - During the reporting period, the company had no non-operating fund occupation by the controlling shareholder or illegal external guarantees[79](index=79&type=chunk) - The company repurchased its shares using self-owned funds through centralized bidding, completing the repurchase during the reporting period[94](index=94&type=chunk) - The company and its holding subsidiaries used up to **300 million Yuan** of temporarily idle self-owned funds to purchase highly secure short-term wealth management products[93](index=93&type=chunk)[95](index=95&type=chunk) - Significant related party transactions primarily involved leasing office buildings, production plants, and direct store properties from the controlling shareholder, Guifa Xiang Group[88](index=88&type=chunk) [Share Changes and Shareholder Information](index=37&type=section&id=Share%20Changes%20and%20Shareholder%20Information) This section provides details on changes in the company's share capital and the composition of its shareholders [Share Changes and Shareholder Information](index=37&type=section&id=Share%20Changes%20and%20Shareholder%20Information) During the reporting period, the company's total share capital remained unchanged, with an increase in restricted shares due to a director's retirement, and a completed share repurchase of **5,525,200 shares** (**2.75%** of total capital), while the controlling shareholder, Tianjin Guifa Xiang Mahua Catering Group Co., Ltd., holds **33.99%** - During the reporting period, the company implemented a share repurchase, cumulatively repurchasing **5,525,200 shares**, accounting for **2.75%** of the total share capital, with a total payment of approximately **50 million Yuan**[97](index=97&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shareholder Nature | Holding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Tianjin Guifa Xiang Mahua Catering Group Co., Ltd. | State-owned Legal Person | 33.99% | 68,273,314 | | Nantong Kaipude Equity Investment Partnership (Limited Partnership) | Domestic Non-state-owned Legal Person | 2.50% | 5,021,556 | | Li Huizhong | Domestic Natural Person | 2.04% | 4,106,147 | | Qu Xiaogang | Domestic Natural Person | 1.13% | 2,264,400 | | Li Lin | Domestic Natural Person | 1.03% | 2,077,260 | [Preferred Shares Information](index=42&type=section&id=Preferred%20Shares%20Information) This section confirms the absence of preferred shares in the company's capital structure [Preferred Shares Status](index=42&type=section&id=Preferred%20Shares%20Status) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[102](index=102&type=chunk) [Bonds Information](index=43&type=section&id=Bonds%20Information) This section confirms the absence of bond-related activities for the company [Bonds Status](index=43&type=section&id=Bonds%20Status) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[103](index=103&type=chunk) [Financial Report](index=44&type=section&id=Financial%20Report) This section presents the company's comprehensive financial statements and detailed notes for the reporting period [Financial Statements](index=44&type=section&id=Financial%20Statements) This section provides the company's unaudited 2024 semi-annual consolidated and parent company financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity, showing total assets of **989 million Yuan**, net profit of **22.72 million Yuan**, and net cash flow from operating activities of **43.10 million Yuan** Key Items from Consolidated Balance Sheet (2024-06-30) | Item | Amount (Yuan) | | :--- | :--- | | Cash and Bank Balances | 571,624,577.23 | | Total Assets | 989,352,779.79 | | Total Liabilities | 73,431,267.28 | | Equity Attributable to Parent Company Owners | 915,921,512.51 | Key Items from Consolidated Income Statement (H1 2024) | Item | Amount (Yuan) | | :--- | :--- | | Total Operating Revenue | 267,920,357.13 | | Total Operating Costs | 245,831,055.71 | | Total Profit | 25,009,438.78 | | Net Profit | 22,719,580.81 | Key Items from Consolidated Cash Flow Statement (H1 2024) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 43,100,742.06 | | Net Cash Flow from Investing Activities | -10,517,212.60 | | Net Cash Flow from Financing Activities | -102,174,702.20 | | Net Increase in Cash and Cash Equivalents | -69,591,172.74 | [Notes to Financial Statements](index=61&type=section&id=Notes%20to%20Financial%20Statements) The notes section details the company's basic information, financial statement preparation basis, significant accounting policies, and accounting estimates, highlighting an accounts receivable year-end balance of **22.58 million Yuan**, inventory book value of **34.60 million Yuan**, and a **50 million Yuan** share repurchase recorded as treasury stock - Accounts receivable year-end book balance was **22.5774 million Yuan**, with a bad debt provision of **3.6389 million Yuan**, resulting in a book value of **18.9385 million Yuan**, of which approximately **83%** is within 1 year[201](index=201&type=chunk)[202](index=202&type=chunk) - Inventory year-end book value was **34.5954 million Yuan**, entirely consisting of raw materials and merchandise inventory, with no inventory impairment provision made during the reporting period[219](index=219&type=chunk) - During the reporting period, the company increased treasury stock by **49,999,551.36 Yuan** due to share repurchase[259](index=259&type=chunk) - Current period non-recurring gains and losses totaled **1.1789 million Yuan**, primarily including government subsidies and wealth management income[327](index=327&type=chunk)