公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 天津桂发祥十八街麻花食品股份有限公司 2021 年年度报告全文 天津桂发祥十八街麻花食品股份有限公司 2021 年年度报告 2022-007 2022 年 04 月 1 天津桂发祥十八街麻花食品股份有限公司 2021 年年度报告全文 第一节 重要提示、目录和释义 公司负责人冯国东、主管会计工作负责人蒋桂洁及会计机构负责人(会计主 管人员)付强声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉公司未来计划等前瞻性陈述，不构成公司对任何投资者及相关 人士的实质承诺，公司在本报告第三节管理层讨论与分析"十一、公司未来发展 展望"中描述了公司未来经营中可能面临的风险以及 2022 年度经营计划，敬请 广大投资者注意查阅。 本公司严格按照《深圳证券交易所上市公司自律监管指引第 3 号——行业 信息披露》中的要求进行披露，可能面对零售行业、食品行业相关风险，公司 在相关章节进行了详细描述和应对措施讨论，敬请广大投资者 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥104,664,671.90, a decrease of 7.88% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2021 was ¥7,075,701.94, down 76.09% year-on-year[2] - The net profit excluding non-recurring gains and losses for the same period was ¥6,714,035.52, a decrease of 60.60% compared to last year[2] - The basic earnings per share for Q3 2021 was ¥0.04, down 73.33% year-on-year[2] - Total operating revenue for the third quarter was CNY 329,174,255.61, an increase of 25.2% compared to CNY 262,621,507.44 in the same period last year[17] - Net profit for the period reached CNY 28,786,393.24, representing a 16.5% increase from CNY 24,653,933.52 in the previous year[18] - The total comprehensive income for the period reached CNY 28,796,371.14, an increase from CNY 24,650,886.49 in the previous period, reflecting a growth of approximately 16.4%[22] - Basic and diluted earnings per share improved to CNY 0.14, up from CNY 0.12, indicating a growth of 16.67%[22] Cash Flow and Assets - Year-to-date operating cash flow net amount reached ¥75,766,482.22, an increase of 111.38% compared to the same period last year[6] - Cash flow from operating activities generated CNY 75,766,482.22, compared to CNY 35,844,106.80 in the previous period, representing a significant increase of 111.5%[22] - Cash inflow from operating activities totaled CNY 372,291,290.43, compared to CNY 296,528,160.09 in the previous period, marking an increase of 25.5%[22] - The total assets at the end of the reporting period were ¥1,172,573,065.00, an increase of 6.13% from the end of the previous year[2] - Current assets totaled CNY 770,640,782.15, slightly up from CNY 766,589,284.09 at the end of 2020[13] - Non-current assets increased to CNY 401,932,282.85 from CNY 338,222,833.24, marking an increase of 18.8%[14] - Total liabilities were CNY 111,519,530.22, significantly higher than CNY 42,424,709.44 in the previous year[15] - Total equity reached CNY 1,062,387,407.89, remaining stable compared to the previous period[27] Operating Costs and Challenges - The company faced challenges in Q3 2021 due to recurring COVID-19 outbreaks, leading to decreased liquidity and lower operating revenue compared to Q3 2020[6] - The increase in operating costs was driven by higher prices for raw materials and packaging, resulting in a decline in gross margin[6] - The company reported a decrease in research and development expenses to CNY 3,660,092.78 from CNY 4,097,425.03, a reduction of 10.7%[18] Shareholder Information - The largest shareholder, Tianjin Guifaxiang Food Group Co., Ltd., holds 32.35% of the shares, totaling 66,258,514 shares[9] - The second largest shareholder, Shanghai Yongjin Investment Management Co., Ltd., holds 5.00% of the shares, totaling 10,239,900 shares[9] - The company reported a significant reduction in the number of shareholders holding more than 5% of shares, with two major shareholders reducing their stakes[11] - The total number of shareholders is not disclosed, but the top ten shareholders account for a significant portion of the company's equity[9] - The company has not engaged in any financing or securities lending activities among its top ten shareholders[10] - The report indicates that there are no known relationships or concerted actions among the other shareholders[10] Corporate Structure and Management - The company has undergone a change in its corporate structure, transitioning from a joint venture to a publicly listed company[11] - The company has appointed new senior management and restructured its board of directors as of September 1, 2021[11] - The company has made amendments to its articles of association and shareholder meeting rules following the changes in its corporate structure[11] - The company adopted new leasing standards starting January 1, 2021, adjusting retained earnings and related financial statement items accordingly[28] Other Information - The company opened multiple new direct-operated stores in Q3 2021, which increased related operating expenses[6] - The third quarter report was not audited, which may affect the reliability of the financial data presented[29] - The company has not disclosed any new product developments or market expansion strategies in the current report[30]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 224,509,583.71, representing a 50.67% increase compared to CNY 149,006,219.85 in the same period last year[20]. - The net profit attributable to shareholders was CNY 21,710,691.30, a significant increase of 539.46% from a loss of CNY 4,940,313.42 in the previous year[20]. - The net cash flow from operating activities reached CNY 56,954,895.58, up 229.91% from CNY 17,263,715.79 in the same period last year[20]. - Basic earnings per share improved to CNY 0.11, compared to a loss of CNY 0.02 per share in the previous year, marking a 650.00% increase[20]. - The company reported a total comprehensive income of CNY 21,726,000.00 during the first half of 2021, indicating a positive performance despite the overall decrease in equity[166]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,156,664,572.74, a 4.69% increase from CNY 1,104,812,117.33 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 0.79% to CNY 1,053,983,276.33 from CNY 1,062,387,407.89 at the end of the previous year[20]. - Total current liabilities increased to CNY 59.64 million, a rise of 82.59% from CNY 32.67 million[143]. - Total liabilities amounted to CNY 102.68 million, compared to CNY 42.42 million, indicating a significant increase[143]. - The company's total equity decreased to CNY 988.76 million in the first half of 2021 from CNY 1,003.00 million in the same period of 2020[148]. Revenue Sources - The company achieved a revenue of 225 million yuan in the first half of 2021, representing a year-on-year growth of 50.67%[29]. - The main business revenue accounted for 98.25% of total revenue, with a significant contribution from the fried dough twist products, which generated ¥128,328,274.66, up 51.58% year-on-year[52]. - The revenue from the company's main product, the Mahua product line, was ¥128,328,274.66, with a gross margin of 53.88%[39]. - The company’s self-owned brand products accounted for 72.87% of retail business revenue, with total revenue from self-owned brands reaching ¥126,735,519.06[36]. Market and Sales Strategy - The retail business saw a nearly 50% growth, outperforming the average market level in the region[32]. - The company opened 3 new model stores in the first half of 2021, enhancing its sales network[30]. - Directly operated stores accounted for over 73% of total revenue, with a total of 61 stores in Tianjin[30]. - The company launched several new products, including upgraded "Gaba Cai" and "Tea Soup" convenience foods, to attract younger consumers[30]. - The company plans to explore new store formats and management mechanisms to enhance operational efficiency[30]. Cost and Expenses - Operating costs increased to ¥125,296,853.36, up 53.18% from ¥81,798,241.88, primarily due to the rise in revenue[49]. - The gross profit margin for the food segment was 44.15%, a decrease of 1.00% compared to the previous year[54]. - The company’s sales expenses increased by 6.66% to ¥57,615,967.07, with notable increases in leasing and store renovation costs[55]. - The average purchase price of non-GMO soybean oil increased by approximately 40% compared to the same period last year, leading to a decrease in gross margin by 1.28%[43]. Research and Development - Research and development expenses slightly decreased by 0.34% to ¥2,384,193.51 from ¥2,392,280.75[50]. - The company focuses on R&D innovation, introducing health-oriented products like beneficial sugar and high-fiber snacks, contributing to the food industry's technological advancement[91]. - The company has obtained 11 invention patents, enhancing its competitive advantage through the introduction of new food elements into traditional products[47]. Corporate Governance and Compliance - The company has implemented strict quality control measures, achieving ISO9001 and ISO22000 certifications to ensure food safety[76]. - The company is actively protecting its trademark rights to mitigate risks associated with counterfeiting and brand infringement[76]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2021[181]. Future Outlook - The company plans to continue expanding its product line and enhancing channel service levels to adapt to changing consumer behaviors[54]. - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[142]. - The company aims to expand its chain franchise system and increase direct store coverage using a "snowball" strategy, while also enhancing digital technology for smart stores and e-commerce channels[78].

天津桂发祥十八街麻花食品股份有限公司 2021 年第一季度报告全文 天津桂发祥十八街麻花食品股份有限公司 2021 年第一季度报告 2021-021 2021 年 04 月 1 天津桂发祥十八街麻花食品股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李铭祥、主管会计工作负责人蒋桂洁及会计机构负责人(会计主 管人员)付强声明：保证季度报告中财务报表的真实、准确、完整。 2 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 说明 | | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -2,864.94 处置固定资产损失 | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 | 摊销与资产相关政府补助、收到 1,034,264.88 | | 一标准定额或定量享受的政府补助除外） | 与收益相关政府补助 ...

Financial Performance - The company's operating revenue for 2020 was ¥348,707,209.50, a decrease of 31.29% compared to ¥507,496,462.08 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥25,037,058.57, down 70.41% from ¥84,599,609.03 in 2019[6]. - The net profit after deducting non-recurring gains and losses was ¥12,659,186.56, a decline of 84.12% from ¥79,733,668.25 in 2019[6]. - The net cash flow from operating activities was ¥26,413,535.39, a decrease of 63.48% compared to ¥72,325,644.88 in 2019[6]. - The basic earnings per share for 2020 was ¥0.12, down 71.43% from ¥0.42 in 2019[6]. - The total assets at the end of 2020 were ¥1,104,812,117.33, a decrease of 1.96% from ¥1,126,872,463.97 at the end of 2019[6]. - The net assets attributable to shareholders at the end of 2020 were ¥1,062,387,407.89, down 1.41% from ¥1,077,537,259.40 at the end of 2019[6]. - The company's total revenue for the reporting period was CNY 342,866,084.91, a decrease of 31.31% year-on-year[52]. - The cash dividend amount for 2020 was CNY 30,130,244.25, representing 120.34% of the net profit attributable to ordinary shareholders[135]. - The total distributable profit for 2020 was CNY 303,537,618.07[137]. Business Operations - The company operates 60 direct stores and 1 food-themed comprehensive mall, with direct store sales accounting for nearly 73% of total revenue[27]. - The retail sales in the Tianjin region decreased by 15.1% in 2020 due to the impact of the pandemic, significantly affecting the company's performance[28]. - The company reported a 52.1% decrease in domestic tourism numbers in 2020, with a total reduction of 30.22 billion trips compared to the previous year[37]. - The company achieved a turnaround in the second half of 2020, moving from a loss to profitability through various marketing strategies and channel expansions[39]. - The company opened five new direct stores during the reporting period, contributing to a total of 60 stores in Tianjin[42]. - The company opened 6 new direct sales stores, bringing the total to 60 stores in the Tianjin region[55]. - The company has developed a strong marketing network, combining direct sales, distributors, and e-commerce to cover the market comprehensively[32]. - The company is expanding its direct sales channels and enhancing online platforms to mitigate risks from the COVID-19 pandemic[127]. Product Development and Innovation - The company launched new products, including a convenient version of the traditional Tianjin dish "Gaba Cai," which received strong market feedback[37]. - The company has obtained 11 invention patents, enhancing its competitive edge in the food industry through innovative product development[34]. - The company plans to enhance its product quality and expand its market by developing convenient food products that combine traditional flavors with modern food technology[77]. - The introduction of "Tianjin Flavor" products targets the revival of traditional Chinese pastries and convenient foods, aiming to fill market gaps with innovative offerings[108]. - The company plans to enhance its product lineup through systematic upgrades and the introduction of premium products, focusing on quality and packaging improvements[110]. Financial Management and Investments - The company reported a significant increase in net cash flow from investment activities, rising by 888.13% to ¥71,416,096.17, attributed to the sale of equity stakes and reduced capital expenditures[80]. - The company’s total revenue from investment income was ¥29,384,276.17, accounting for 82.21% of total profit, primarily from equity sales and cash management[81]. - The company has committed to invest a total of 484.43 million in various projects, with 405.94 million already utilized, representing a progress rate of 76.38% for the airport economic zone production base project[95]. - The company has adjusted its investment strategy, reducing the scale of the airport economic zone production base project while increasing the investment in marketing network construction[96]. - The company has not encountered any issues or problems in the use and disclosure of raised funds[96]. Corporate Governance and Compliance - The company has implemented a modern corporate governance structure to enhance operational management capabilities[180]. - The company has maintained its commitments to minority shareholders and has fulfilled them on time[142]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[143]. - The company has engaged the same accounting firm for four consecutive years, with an audit fee of 550,000 CNY[153]. - The company has complied with the new accounting policies and estimates without significant effects on its financial results[144]. Social Responsibility and Community Engagement - The company actively participated in social responsibility initiatives, including a total donation of 14,800 for frontline workers during the pandemic[175]. - The company has implemented a poverty alleviation strategy, focusing on various social responsibility activities such as donations and volunteer services[176]. - The company donated 20,000 jin of pastries worth nearly 400,000 yuan to over 40 units, including hospitals and community health service centers, in response to the COVID-19 pandemic[177]. - The total value of material donations for poverty alleviation reached 472,200 yuan[178]. - The company plans to continue enhancing its corporate responsibility and innovation to improve poverty alleviation quality[180]. Market and Competitive Landscape - The company is heavily reliant on the Tianjin market, with over 90% of its main business revenue coming from this region, posing a risk if market conditions change[128]. - The company is exploring opportunities in local tourism and integrating intangible cultural heritage into its product offerings to enhance brand value[117]. - The company emphasizes cost reduction and efficiency improvement through enhanced internal controls and effective measures[120]. Shareholder and Equity Changes - The company has undergone significant shareholder changes, including multiple share reductions by major shareholders throughout 2020[182]. - The controlling shareholder increased their stake by up to 2% through centralized bidding and block trading[188]. - The company reported a focus on tax optimization and refined management through the establishment of independent accounting for new stores[185]. - The company has not reported any restrictions on share reduction for its controlling shareholders or actual controllers[200].

Financial Performance - Net profit attributable to shareholders was CNY 29,594,246.94, an increase of 25.05% year-on-year[8]. - Operating income for the reporting period was CNY 113,615,287.59, down 14.83% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 17,040,007.30, a decrease of 25.34% year-on-year[8]. - Basic earnings per share were CNY 0.15, an increase of 25.00% compared to the same period last year[8]. - The weighted average return on net assets was 2.83%, a decrease of 0.58% compared to the previous year[8]. - The company reported a cumulative net profit estimate of RMB 3,000,000 to RMB 4,500,000, representing a decline of 64.54% compared to the previous year's RMB 8,459,960[28]. - Basic earnings per share are expected to be between RMB 0.15 and RMB 0.22, a decrease of 47.62% from the previous year's RMB 0.42[28]. - The company reported a total comprehensive income of CNY 29,600,542.72, compared to CNY 23,627,804.03 in the previous year, reflecting overall growth[47]. Revenue and Income - Total revenue for the first nine months of 2020 was CNY 262.62 million, a decrease of 33.83% compared to CNY 396.88 million in the same period of 2019 due to the impact of the pandemic[16]. - Cash received from the sale of goods and services was CNY 294.22 million, down 34.73% from CNY 450.80 million in the same period last year, reflecting a decline in main business revenue due to the pandemic[17]. - Total operating revenue for the third quarter was CNY 113,615,287.59, a decrease from CNY 133,390,842.12 in the previous period[44]. - Total operating revenue for the third quarter was CNY 262.62 million, a decrease of 33.8% compared to CNY 396.88 million in the same period last year[52]. Cash Flow - The net cash flow from operating activities was CNY 18,580,391.01, down 44.08% year-on-year[8]. - Cash inflow from operating activities was CNY 296,528,160.09, compared to CNY 454,637,315.32 in the previous year, indicating a decrease of 34.7%[60]. - The net cash flow from operating activities was CNY 35,844,106.80, down 51.9% from CNY 74,575,062.13 in the same quarter last year[60]. - Cash and cash equivalents at the end of the period were CNY 216,284,487.83, down from CNY 144,125,072.06 at the end of Q3 2019[61]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,126,686,705.86, a decrease of 0.02% compared to the end of the previous year[8]. - Total liabilities increased to CNY 64,672,218.97 from CNY 49,335,204.57, marking an increase of about 31.1%[38]. - The company's equity decreased to CNY 1,062,014,486.89 from CNY 1,077,537,259.40, a reduction of approximately 1.4%[39]. - Current assets increased to CNY 785,829,414.95 from CNY 724,523,751.30, primarily driven by an increase in trading financial assets of CNY 458,000,000.00[36]. Research and Development - Research and development expenses increased by 102.83% to CNY 4.10 million, up from CNY 2.02 million in the previous year, driven by new R&D projects[16]. - Research and development expenses increased to CNY 1,705,144.28 from CNY 796,025.44, highlighting a focus on innovation and product development[45]. - The company plans to continue focusing on R&D and market expansion despite the challenges posed by the pandemic[18]. Investments - Investment income rose by 78.88% to CNY 29.01 million, compared to CNY 16.22 million in 2019, primarily from the sale of equity in Kuntin Technology[16]. - The company completed the transfer of 22.42% equity in Kuntin Technology, which was a significant strategic move during the reporting period[18]. - The company has invested RMB 90,000,000 of temporarily idle raised funds in principal-protected floating income financial products[25]. Shareholder Information - The company reported a total of 18,735 common shareholders at the end of the reporting period[12]. - The largest shareholder, Tianjin Guifaxiang Food Group Co., Ltd., held 30.56% of the shares[12]. - The company did not engage in any repurchase transactions during the reporting period[13].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥149,006,219.85, a decrease of 43.45% compared to ¥263,491,444.38 in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥4,940,313.42, representing a decline of 110.79% from a profit of ¥45,801,439.60 in the previous year[17]. - The net cash flow from operating activities was ¥17,263,715.79, down 58.25% from ¥41,349,346.70 in the same period last year[17]. - The basic earnings per share were -¥0.02, a decrease of 108.70% compared to ¥0.23 in the previous year[17]. - The overall revenue for the first half of 2020 decreased significantly due to the impact of the COVID-19 pandemic, with the company's sales channels experiencing a substantial drop in customer traffic[33]. - The company reported a significant decline in both net profit and revenue due to the pandemic's effects on retail operations[5]. - The company reported a significant drop in rental income due to pandemic-related rent reductions, leading to a decrease in other business income by 50.30%[53]. - The estimated cumulative net profit for the year is projected to be between 11 million and 16 million yuan, representing a decline of 84.17% to 76.97% compared to the previous year's profit of 69.47 million yuan[85]. - The company reported a total comprehensive income of CNY -4.95 million for the first half of 2020, compared to CNY 45.80 million in the same period of 2019[166]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,081,912,542.57, a decrease of 3.99% from ¥1,126,872,463.97 at the end of the previous year[17]. - The total liabilities and shareholders' equity were not explicitly stated but are implied to be affected by the changes in total assets[156]. - The total equity attributable to shareholders decreased to CNY 973,188,199.75 from CNY 1,010,800,901.57, reflecting a decline of approximately 3.7%[162]. - The company's total liabilities at the end of the current period were CNY 787.53 million[183]. Market and Business Operations - The retail business accounted for over 30% of the company's total revenue, which has been impacted by the COVID-19 pandemic[5]. - The company has acknowledged the uncertainty regarding the future development of its retail business due to the ongoing pandemic[5]. - The company's main product, "Guilin Fa Xiang Eighteen Street Mahua," is recognized as a national intangible cultural heritage, contributing to its strong brand influence and market position[25]. - The company is heavily reliant on the Tianjin market, which accounts for over 90% of its main business revenue, posing a risk if market conditions change[90]. - The company is committed to diversifying its market presence by opening new stores in the Beijing-Tianjin-Hebei region and developing innovative products for a national audience[90]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company aims to enhance its core business and explore the potential of its main operations, particularly focusing on the development of its Mahua and pastry businesses[34]. - The company plans to strengthen its Mahua product line by upgrading product image and packaging, and improving production technology to gain a competitive edge[35]. - The company intends to elevate its pastry business as a new pillar, aiming for short-term stability in the local market and long-term nationwide promotion of key products[35]. - The company is focusing on cost control and efficiency improvements, including detailed cost accounting and performance evaluation to enhance resource utilization[39]. Research and Development - The company has obtained 10 invention patents, enhancing its competitive edge through the introduction of new food elements that meet modern consumer demands[30]. - Research and development expenses increased by 95.42% to CNY 2,392,280.75, reflecting the initiation of new projects and varying stages of implementation[49]. - The company's research and development expenses increased to CNY 2,392,280.75 from CNY 1,224,145.26, reflecting a commitment to innovation despite financial pressures[163]. Social Responsibility - The company has actively engaged in social responsibility during the pandemic, ensuring the safety of employees and maintaining normal operations at stores[33]. - The company donated over CNY 470,000 worth of products to poverty-stricken areas, including 2,700 boxes to Pingliang City and 5,000 boxes to Zhuanglang County[124]. - The company contributed nearly CNY 400,000 worth of pastries to over 40 units, including hospitals and community health service centers, during the pandemic[125]. - The company actively participates in social responsibility initiatives, including volunteer services and disaster prevention activities[123]. Future Outlook - The company aims to achieve profitability by the end of the third quarter through expanding online channels and enhancing the contribution of its pastry business[86]. - The company is actively adjusting strategies to mitigate the negative impact of the COVID-19 pandemic, focusing on stabilizing core operations and enhancing e-commerce sales[87]. - The company plans to maintain its current strategies while monitoring market conditions closely for potential adjustments in the future[189].

1 天津桂发祥十八街麻花食品股份有限公司 2020 年第一季度报告全文 第一节 重要提示 天津桂发祥十八街麻花食品股份有限公司 2020 年第一季度报告全文 天津桂发祥十八街麻花食品股份有限公司 2020 年第一季度报告 2020-022 2020 年 04 月 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴宏、主管会计工作负责人蒋桂洁及会计机构负责人(会计主管 人员)付强声明：保证季度报告中财务报表的真实、准确、完整。 2 天津桂发祥十八街麻花食品股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 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） | 91,642,651.65 | 156,214,020.73 | -41.34% | | 归属于上市公司股东的净 ...

Financial Performance - The company's operating revenue for 2019 was ¥507,496,462.08, representing a year-on-year increase of 5.57% compared to ¥480,729,655.28 in 2018[16]. - The net profit attributable to shareholders for 2019 was ¥84,599,609.03, a slight increase of 0.56% from ¥84,130,760.16 in 2018[16]. - The basic earnings per share for 2019 was ¥0.42, reflecting a 2.44% increase from ¥0.41 in 2018[16]. - The company's total revenue for the reporting period reached ¥352,048,156.83, representing a year-on-year growth of 9.86%[43]. - The main business revenue accounted for CNY 499,165,266.55, which is 98.36% of total revenue, showing a growth of 5.34% compared to the previous year[52]. - The company reported a total revenue of RMB 21,280.3 million for the year, with a gross profit margin of 53.93%[75]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2019, representing a year-over-year growth of 15%[186]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 2 RMB per 10 shares (including tax) to all shareholders, based on a total of 204,800,000 shares[4]. - The cash dividend distribution for 2019 represents 47.49% of the net profit attributable to ordinary shareholders[106]. - The total cash dividend, including other methods such as share buybacks, amounts to RMB 91,167,316.89 for 2019[108]. - The company’s distributable profit for 2019 is RMB 314,560,302.32[108]. - The cash dividend payout ratio for the last three years has been consistently above 80%[108]. Retail Business and Market Expansion - The retail business accounted for over 30% of the company's audited revenue in 2019[4]. - The company operates 56 direct sales stores and 1 food-themed comprehensive mall, with direct sales accounting for nearly 70% of total revenue[26]. - The company expanded its direct sales network by opening 9 new stores in key areas, enhancing market control and consumer experience[34]. - The retail system underwent significant upgrades, integrating online and offline channels, which improved management efficiency and consumer service[34]. - The company plans to expand its direct sales network in the Beijing-Tianjin-Hebei area, increasing the number of stores in key regions such as Wuqing and Baodi[92]. Product Development and Innovation - The company is actively investing in the development of fermentation technology, which is currently in the development stage[27]. - The company launched new snack products, including filled mahua and dipping sauce snacks, establishing a national sales system and entering the Beijing market[35]. - The company invested in upgrading its cake business, introducing a "freshly baked cake" series that received positive market feedback[36]. - New product launches contributed to 30% of total sales in 2019, with a focus on expanding the snack product line[186]. - The company is investing 100 million RMB in R&D for new technologies aimed at improving production efficiency[186]. Acquisitions and Strategic Investments - The company acquired 100% equity of Wangji Mahua, resulting in the formation of goodwill due to business expansion needs[27]. - The acquisition of 100% equity in Tianjin Wangji Mahua Co., Ltd. was completed in May 2019 to enhance the product range and expand the consumer base[58]. - The company aims to consolidate its leading position in the industry through strategic acquisitions and expansions[156]. - The company is exploring potential acquisitions to enhance its supply chain capabilities, with a budget of 200 million RMB allocated for this purpose[186]. Risk Management and Compliance - The company faces risks related to food quality control, trademark infringement, and reliance on a single market, particularly the Tianjin market, which accounts for over 90% of its revenue[95][98]. - The company plans to mitigate risks by diversifying its market presence and enhancing its online sales channels to reach a broader consumer base[98]. - The company has made a commitment to avoid competition with its controlling shareholders, which has been in normal performance since September 10, 2013[112]. - The company has established a complete financial management system, ensuring independent financial decision-making and operations[198]. Social Responsibility and Community Engagement - The company actively participated in poverty alleviation efforts, donating 100,000 RMB to impoverished areas and signing a 30,000 RMB purchase contract to support local initiatives[148]. - The company has engaged in social responsibility activities, including educational support and assistance to disadvantaged families[146]. - The company has been recognized as a "Precision Poverty Alleviation Collaborative Unit" for its efforts in supporting poverty alleviation initiatives[148]. Governance and Management - The company maintains a strict governance structure, ensuring compliance with relevant laws and regulations, and has successfully completed board elections during the reporting period[196]. - The management team is focused on maintaining operational efficiency and strategic growth in the food industry[182]. - The current board includes experienced professionals with backgrounds in finance and management, enhancing the company's strategic direction[182][183]. - The company has not reported any significant changes in management personnel during the reporting period[181]. Environmental Compliance - The company does not belong to high-risk or heavily polluting industries and has established strict emission standards for waste gas and wastewater[152]. - The company has engaged qualified third-party environmental recovery companies for the harmless treatment of solid waste and oil residue[152]. - The company has conducted quarterly water quality monitoring, which consistently meets environmental discharge standards[152].

2019-055 2019 年 10 月 1 天津桂发祥十八街麻花食品股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴宏、主管会计工作负责人蒋桂洁及会计机构负责人(会计主管 人员)付强声明：保证季度报告中财务报表的真实、准确、完整。 天津桂发祥十八街麻花食品股份有限公司 2019 年第三季度报告全文 天津桂发祥十八街麻花食品股份有限公司 2019 年第三季度报告 2 天津桂发祥十八街麻花食品股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,121,526,388.59 | 1,131,864,349.28 | | -0.91% ...