Financial Performance - The company's revenue for 2024 reached ¥1,896,127,572.97, representing a 20.16% increase compared to ¥1,577,998,810.04 in 2023[36] - Net profit attributable to shareholders was ¥133,186,135.63, up 15.36% from ¥115,450,343.11 in the previous year[36] - The basic earnings per share increased to ¥0.60, a rise of 15.38% from ¥0.52 in 2023[36] - Cash flow from operating activities improved significantly, totaling ¥169,992,670.60, which is a 41.80% increase from ¥119,881,855.77 in 2023[36] - Total assets at the end of 2024 were ¥2,191,251,010.49, reflecting a 9.01% growth from ¥2,010,154,161.58 in 2023[36] - The company reported a net profit of ¥110,571,418.02 after deducting non-recurring gains and losses, which is a 16.75% increase from ¥94,711,418.81 in 2023[36] - Total revenue for the first quarter was ¥565,623,157.32, with a net profit attributable to shareholders of ¥45,003,373.32[40] - The second quarter saw a revenue decrease to ¥407,621,396.10, with net profit dropping to ¥21,538,481.66[40] - In the third quarter, revenue increased to ¥459,816,094.21, while net profit rose to ¥41,812,464.56[40] - The fourth quarter reported revenue of ¥463,066,925.34 and a net profit of ¥24,831,816.09[40] Market Expansion and Product Development - The company has launched new product lines, including a series of oat-based products targeting different consumer segments[10] - The company is focusing on expanding its market presence and enhancing its product offerings through research and development initiatives[31] - The company aims to leverage the health benefits of oats to expand its market presence, particularly in regions that have approved health claims related to oats[46] - The company focuses on the research, production, and sales of healthy grain foods, particularly oatmeal, with a diverse product matrix including pure oatmeal series and functional foods[61] - The company has diversified its product offerings, including new categories such as oat milk and protein powder, to meet evolving consumer health demands[66] - The company launched several new products, including a series of functional foods and upgraded oatmeal products, to meet evolving consumer demands[99] Industry Trends and Consumer Insights - In 2023, China's per capita oat consumption is only 0.1 kg, significantly lower than developed countries, indicating substantial growth potential in the oat food industry[51] - The Chinese oat market is projected to exceed 10 billion yuan by 2024, driven by increasing consumption trends and expanding market scenarios[53] - The oat milk market in China reached approximately 3.332 billion yuan in 2023, an increase of 1.167 billion yuan from 2022, reflecting a strong growth trend[58] - The aging population in China is expected to double in proportion over the next thirty years, which will further expand the consumer base for oat products[55] - The increasing health awareness among young consumers is driving demand for oat products, leading to the development of new product forms that cater to their preferences[57] - The market for oat products is expected to continue growing as consumption scenarios expand from hot meals to cold meals and from breakfast to snack options[53] Financial Management and Investments - The company’s procurement of raw materials totaled approximately ¥605 million, with packaging materials at ¥199 million and other costs at ¥97 million[65] - The company reported a significant reduction in financial expenses by 39.47%, resulting in a net financial income of -¥7,309,510.52[97] - Research and development expenses increased by 22.25% to ¥8,961,113.15, reflecting the company's commitment to innovation[97] - R&D investment increased by 22.25% to ¥8,961,113.15 in 2024, compared to ¥7,330,240.88 in 2023, representing 0.47% of operating revenue[100] - The company’s total investment during the reporting period was 117,984,852.57, reflecting a 16.37% increase compared to the previous year[110] Corporate Governance and Compliance - The company has established a sound corporate governance structure to ensure fair and equitable shareholder rights[184] - The company’s governance structure operates in compliance with the Company Law and its articles of association, ensuring effective decision-making and supervision[142] - The company has independent financial accounting and management systems, ensuring autonomous financial decision-making[146] - The company has not faced any objections from directors regarding company matters during the reporting period[160] - The company has established a clear remuneration management policy for senior management to guide compensation decisions[155] Shareholder Engagement and Dividends - The total cash dividend amount for the reporting period was ¥93,227,899.18, which represents 100% of the total profit distribution[171] - The company has a total of 223,246,885 shares as the basis for the dividend distribution plan, with a cash dividend of ¥4.176 per 10 shares[171] - The board proposed a cash dividend of RMB 4.176 per 10 shares, totaling approximately RMB 93.23 million, which represents 70% of the net profit attributable to shareholders for the year 2024[172] - The total amount for cash dividends and share repurchases for 2024 is expected to be RMB 108.30 million, accounting for 81.32% of the net profit attributable to shareholders[172] Environmental and Social Responsibility - The company actively promotes energy conservation and emission reduction, advocating resource-saving practices among employees[184] - The company has not faced any significant environmental pollution incidents or penalties for violating environmental protection laws[183] - The company supports rural revitalization and poverty alleviation by donating food supplies to underprivileged workers in the region[185] - The company emphasizes quality control and product safety to protect consumer interests[184] Strategic Acquisitions and Partnerships - The company successfully completed its first strategic acquisition of Chengdu Desai Kanggu Food Co., expanding into the yogurt cereal cap market[82] - The company aims to expand its market presence through both organic growth and strategic acquisitions in the health food sector[66] - The international business unit will focus on building a diversified and efficient supply chain, targeting Southeast Asia and Europe as initial markets for expansion[134] Employee Management and Development - The company has established a modern human resources management system, focusing on performance-based compensation and multi-level incentives[166] - The company’s training plan emphasizes a combination of internal and external training to enhance employee skills and promote company culture[167] - The company reported a total of 3,368 employees at the end of the reporting period, with 1,674 in sales and 1,227 in production[165]

证券代码：002956 证券简称：西麦食品 公告编号：2025-008 桂林西麦食品股份有限公司 公司高管张志雄持有公司股份 30,112 股（占公司总股本的比例为 0.01%）， 计划在公告之日起 15 个交易日后的 3 个月内以集中竞价交易方式减持公司股份 7,500 股（占公司总股本比例 0.0034%）。 桂林西麦食品股份有限公司（以下简称"公司"）于近期收到高管张志雄出 具的《股份减持计划告知函》，现将相关事项公告如下： 一、减持计划的基本情况 1、高管姓名：张志雄 2、持股情况：张志雄持有公司股份 30,112 股 3．本次减持计划的主要内容 关于公司高管减持计划的预披露公告 公司高管张志雄保证向本公司提供的信息真实、准确、完整、没有虚假 记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： （7）计划减持期间公司如有派息、送股、资本公积转增股本、配股等除权 除息事项，减持股份数量将相应进行调整。 （8）本次拟减持事项与张志雄此前已披露承诺一致。 三、股东承诺及履行情况 张志雄在公司《首次公开发行股票并在主板上市招股说明书》做出如下承诺： ...

西麦食品（002956）公告，公司高管张志雄计划在公告之日起15个交易日后的3个月内以集中竞价交易 方式减持公司股份7500股，占公司总股本比例0.0034%。减持原因为个人资金需求，股份来源为公司 2021年限制性股票激励计划及该等股份通过资本公积金转增股本取得的股份。 ...

国产燕麦龙头，营收稳健增长，利润边际改善。公司成立于1994 年，经过30 余年发展成长为燕麦行业 龙头企业，21 年起市占率持续保持市场第一。24Q1-3 实现营收14.3 亿元，同比增长26%，实现归母净 利1.1 亿元，同比增长17%，净利率边际改善。24 年公司发展新战略，燕麦谷物以外积极布局大健康业 务。25 年2 月公司推出员工持股计划，未来3 年锚定营收增速15%。 燕麦行业百亿规模持续扩容，行业集中度有望持续提升。我国早餐谷物市场规模24 年达到101.3 亿元， 对标海外，我国人均燕麦消费水平仍有较大提升空间，在老龄化和健康化趋势有望不断扩容。行业集中 度方面，我国早餐谷物市场CR3 从15 年的39.7%提升至24 年的51.9%，对标日本和美国仍有提升空间。 目前西麦作为行业第一市占率持续提升，与第二名差距不断拉大，在全产业链布局和产品渠道品牌多重 赋能下西麦有望持续保持领先优势。 品类边界持续拓展，全渠道布局势能向上。公司近年来产品结构持续优化，复合燕麦片和冷食系列营收 占比提升，带动整体实现量价齐升，围绕健康化持续开发新品，不断丰富产品矩阵，满足消费者多元化 需求。燕麦产品外积极开发 ...

像原来我在去年底和今年初的一些交流中也反复强调过今年一季度是一个比较特殊的季度特殊在两点第一就是今年的春节的这个错期今天春节比较早所以实际上春节前的有效发货时长是不足的然后第二个特殊的点 是去年2024年的一季度整体的基数非常的高所以这是今年一季度的两个特殊的点需要我们关注的不过在这种情况下我们观察下来一月份和二月份整体的表现还是不错的就不论从我们自己的出货还是终端的动销消费者端的需求目前来看都是处于一个比较良性的状态具体的数字因为现在 时间呢我们还没有结账所以具体的数字我没有太准确的数字但目前看的话一月份二月份呢证的增长是肯定是有的但是具体增长多少我目前还没有太准确的数字明白然后地总我们这边再追问一下因为其实新采购的那种原材料成本的话已经从一季度开始使用了我们能不能够去预期整个一季度的一个利润情况会比去年更好一些 您从现有的情况来看有可能比去年要好一些但是这个中间还牵扯到一些这个费用的投放还有费用的确认所以我不能百分百的肯定说这一点但是从现有我掌握的信息来看大致可能可以这样预期对明白明白但还存在一定的不确定性对 各位投资者大家下午好欢迎大家参加我们春季策略会的现场第一场今天我们是非常荣幸的 请到了就是西麦食 ...

广东信达律师事务所 股东大会法律意见书 中国深圳市福田区益田路6001号太平金融大厦11-12楼 邮政编码：518038 11F-12F Taiping Finance Tower, 6001Yitian Road, Futian District, Shenzhen, PRC 电话（Tel）：（0755）88265288 传真（Fax）：（0755）88265537 电子邮件（E-mail）：info@sundiallawfirm.com 网站（Website）：www.sundiallawfirm.com 广东信达律师事务所 关于桂林西麦食品股份有限公司 2025年第一次临时股东大会的 法律意见书 信达会字（2025）第036号 致：桂林西麦食品股份有限公司 一、关于本次股东大会的召集与召开 (一) 股东大会的召集 本次股东大会根据2025年2月18日召开的公司第三届董事会第十三次会议审 议通过的《关于提请召开公司2025年第一次临时股东大会的议案》，由公司董事 会召集。 广东信达律师事务所（以下简称"信达"）接受桂林西麦食品股份有限公司 （以下简称"公司"）的委托，指派信达律师参加公司2025年第一次临 ...

证券代码：002956 证券简称：西麦食品 公告编号：2025-006 2025 年第一次临时股东大会决议公告 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。 重要提示 1、本次股东大会无变更、否决提案的情况； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、会议召集人：桂林西麦食品股份有限公司（以下简称"公司"）董事会。 2、会议地点：广西桂林高新技术开发区九号小区 3 楼会议室。 3、会议方式：本次会议采取现场投票和网络投票相结合的方式。 桂林西麦食品股份有限公司 4、会议时间： 现场会议时间：2025 年 3 月 6 日 14：30 网络投票时间：2025 年 3 月 6 日 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 2025 年 3 月 6 日 上午 9:15-9:25、9:30-11:30，下午 13:00-15:00；通过深交所互联网投票系统 （http://wltp.cninfo.com.cn）投票的具体时间为：2025 年 3 月 6 日上午 9： 15 至下午 15：00 期间的任意时间。 5、股权登记日 ...

广东信达律师事务所 法律意见书 关于桂林西麦食品股份有限公司 2025年员工持股计划的 法律意见书 中国 深圳 福田区 益田路6001号太平金融大厦11-12楼 11-12F., TAIPING FINANCE TOWER, 6001 YITIAN ROAD, FUTIAN, SHENZHEN, CHINA 电话(Tel)：(0755) 88265288 传真(Fax)：(0755)88265537 网址（Website）：www.sundiallawfirm.com 邮政编码：518038 广东信达律师事务所 法律意见书 广东信达律师事务所 关于桂林西麦食品股份有限公司 2025 年员工持股计划的 法律意见书 信达励字(2025)第 011 号 致：桂林西麦食品股份有限公司 根据桂林西麦食品股份有限公司（以下简称"西麦食品"或"公司"）与广 东信达律师事务所（以下简称"信达"）签订的《专项法律顾问聘请协议》，信 达受公司委托，担任其 2025 年员工持股计划项目（以下简称"本次员工持股计 划"）之特聘专项法律顾问。 根据《中华人民共和国公司法》（简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《 ...

证券研究报告 | 公司深度报告 2025 年 02 月 26 日 西麦食品（002956.SZ） 健康需求驱动市场扩容，燕麦龙头开启二次增长 | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 1,327 | 1,578 | 1,952 | 2,356 | 2,863 | | 增长率 yoy（%） | 15.1 | 18.9 | 23.7 | 20.7 | 21.5 | | 归母净利润（百万元） | 109 | 115 | 126 | 167 | 220 | | 增长率 yoy（%） | 4.4 | 6.1 | 9.3 | 32.0 | 32.1 | | ROE（%） | 7.7 | 7.9 | 8.3 | 10.3 | 12.4 | | EPS 最新摊薄（元） | 0.49 | 0.52 | 0.57 | 0.75 | 0.99 | | P/E（倍） | 32.7 | 30.8 | 28.2 | 21.3 | 16.2 | | P/B（倍） | 2.5 | 2 ...