证券代码：300755 证券简称：华致酒行 公告编号：2024-053 华致酒行连锁管理股份有限公司 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。 华致酒行连锁管理股份有限公司（以下简称"公司"）第五届董事会第二十三 次会议于 2024 年 11 月 22 日召开，审议通过《关于召开 2024 年第三次临时股东 大会的议案》，决定于 2024 年 12 月 9 日召开 2024 年第三次临时股东大会，本次 股东大会将采取现场表决和网络投票相结合的方式召开。现就本次股东大会的相 关事项通知如下： 一、召开会议的基本情况 （一）股东大会届次：2024年第三次临时股东大会。 （二）股东大会的召集人：公司第五届董事会。 （三）会议召开的合法合规性：本次股东大会会议召开符合有关法律、行政 法规、部门规章、规范性文件和公司章程的规定。 （四）会议召开的日期、时间：2024年12月9日（星期一）下午14:30 通过互联网投票系统投票的时间：2024年12月9日9:15—15:00。 1. 在股权登记日持有公司已发行有表决权股 ...

本议案尚需提交 2024 年第三次临时股东大会审议。 华致酒行连锁管理股份有限公司 第五届监事会第十八次会议决议公告 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。 华致酒行连锁管理股份有限公司（以下简称"公司"）第五届监事会第十八次会 议（以下简称"会议"）通知于 2024 年 11 月 18 日以电子邮件的方式发出，并于 2024 年 11 月 22 日以通讯表决的方式召开。会议应出席监事 3 名，实际出席监事 3 名。 会议召集、召开程序符合《中华人民共和国公司法》等相关法律、法规、规范性 文件及《华致酒行连锁管理股份有限公司章程》（以下简称"《公司章程》"）的 有关规定。本次会议由监事会主席皮文湘先生召集并主持，会议审议并通过了 《2024 年前三季度利润分配预案》。 经审议，监事会认为：公司本次利润分配预案的内容及审议程序符合相关法 律法规和《公司章程》，充分考虑了公司的实际经营情况和未来发展计划，符合 公司长期持续发展的需求，有利于公司的持续稳定健康发展，能体现对广大投资 者的合理投资回报，不会对公司经营、财务状况和未来发展产生重大不利影响， 不存 ...

关于 2024 年前三季度利润分配预案的公告 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。 华致酒行连锁管理股份有限公司（以下简称"公司"）于 2024 年 11 月 22 日 召开第五届董事会第二十三次会议、第五届监事会第十八次会议，审议通过了 《2024 年前三季度利润分配预案》，本议案尚需提交公司 2024 年第三次临时股 东大会审议。现将有关情况公告如下： 证券代码：300755 证券简称：华致酒行 公告编号：2024-052 华致酒行连锁管理股份有限公司 一、利润分配预案基本情况 截至 2024 年 9 月 30 日（未经审计），公司合并资产负债表未分配利润为 2,305,280,511.15 元，母公司资产负债表未分配利润为 990,585,329.79 元。 为回报广大股东对公司的支持，响应《国务院关于加强监管防范风险推动资 本市场高质量发展的若干意见》文件精神和相关要求，积极落实分红实施，提高 分红水平、增加分红频次，加大投资者回报力度，分享经营成果，提振投资者对 公司未来发展的信心，结合《中华人民共和国公司法》（以下简称"《公司法》"） 《 ...

第五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。 华致酒行连锁管理股份有限公司（以下简称"公司"）第五届董事会第二十三 次会议（以下简称"会议"）通知于 2024 年 11 月 18 日以电子邮件的方式向全体 董事发出，并于 2024 年 11 月 22 日以通讯表决的方式召开。会议由公司董事长 吴向东先生主持，应参与表决的董事 9 名，实际参与表决的董事 9 人。公司监事 及高级管理人员列席了会议。会议的召集和召开符合《中华人民共和国公司法》 《中华人民共和国证券法》等有关法律、法规和《华致酒行连锁管理股份有限公 司章程》（以下简称"《公司章程》"）的规定，所作决议合法有效。本次董事会表 决通过了以下议案： 一、审议并通过《2024 年前三季度利润分配预案》 截至 2024 年 9 月 30 日（未经审计），公司合并资产负债表未分配利润为 2,305,280,511.15 元，母公司资产负债表未分配利润为 990,585,329.79 元。 公司拟以现有总股本 416,798,400 股剔除回购专用证券账户中已回购股份 9, ...

Investment Rating - The report maintains a "Buy" rating for the company [7][9]. Core Views - The company reported a revenue of 7.83 billion yuan for the first three quarters of 2024, a year-on-year decline of 5.1%, and a net profit attributable to shareholders of 170 million yuan, down 27.4% year-on-year. In the third quarter alone, revenue was 1.89 billion yuan, a decline of 20.8% year-on-year, with a net profit of 12.67 million yuan, down 84.2% year-on-year [4][5]. Summary by Sections Financial Performance - The company experienced a decline in revenue and profit due to weak demand in the liquor industry. The third quarter's gross margin was 8.5%, down 1.9 percentage points year-on-year, primarily due to adjustments in the pricing system affecting profit margins. The gross profit for the third quarter was 160 million yuan, a decrease of 35.5% year-on-year [6]. Strategic Initiatives - Despite the challenging environment, the company is focused on channel upgrades and product optimization. New store formats (3.0) were launched in several provinces, and strategic partnerships were formed to enhance product offerings. The company aims to strengthen its brand influence and competitive advantage during this period of demand disruption [5][6]. Future Outlook - The company is expected to see earnings per share (EPS) of 0.43 yuan, 0.55 yuan, and 0.64 yuan for 2024, 2025, and 2026 respectively. The long-term outlook remains positive, with potential for market share growth as a leading player in the liquor distribution sector [7].

Investment Rating - The report maintains an "Overweight" rating for the company [1] Core Views - The company's revenue and net profit declined in 2024Q1-Q3, with revenue at 7.832 billion yuan, down 5.10% YoY, and net profit at 168 million yuan, down 27.36% YoY [2] - In 2024Q3, revenue and net profit further decreased to 1.889 billion yuan and 13 million yuan, down 20.84% and 84.17% YoY respectively [2] - The decline in profitability is attributed to the overall downturn in the liquor industry and reduced revenue scale [2] - Gross margin and net margin in 2024Q3 were 8.50% and 0.65%, down 2.05pct and 0.69pct YoY respectively, impacted by rising ex-factory prices and fluctuating wholesale prices of premium liquor [3] - The company has strengthened its strategic partnership with Penfolds, securing exclusive national distribution rights for several of its wine series, which is expected to enhance profitability [4] - The company has expanded its high-end market presence with the launch of 3.0 stores in multiple provinces, supported by a network of over 2,000 stores and 30,000 terminals nationwide [4] Financial Performance Summary - Revenue for 2024E is projected at 9.539 billion yuan, down 5.7% YoY, with a recovery expected in 2025E and 2026E to 10.541 billion yuan and 11.727 billion yuan, respectively [6] - Net profit for 2024E is forecasted at 182 million yuan, down 22.5% YoY, with growth expected to resume in 2025E and 2026E at 240 million yuan and 312 million yuan, respectively [6] - Gross margin is expected to improve gradually from 10.0% in 2024E to 11.0% in 2026E [6] - ROE is projected to increase from 4.6% in 2024E to 7.1% in 2026E, reflecting improved profitability [6] Strategic Developments - The company has introduced a new high-end customization model under its "Lotus" brand, aiming to boost profitability through premium offerings [4] - The company's 3.0 stores have been well-received by franchisees, indicating strong market confidence in its expansion strategy [4]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative return of over 20% within the next six months [5][12]. Core Views - The company experienced a decline in revenue and net profit in Q3 2024, with revenue of 1.89 billion yuan, a year-on-year decrease of 20.84%, and a net profit of 0.13 billion yuan, down 84.17% year-on-year [1][2]. - The overall demand for liquor was weak in Q3, leading to pressure on revenue despite the peak consumption period during the Mid-Autumn Festival and National Day [1]. - The company has adjusted its profit forecasts for 2024-2026, now expecting revenues of 9.29 billion yuan, 9.76 billion yuan, and 10.69 billion yuan respectively, with net profits of 0.18 billion yuan, 0.22 billion yuan, and 0.25 billion yuan [3][4]. Financial Summary - For Q3 2024, the company reported a gross margin of 8.50%, a decrease of 1.93 percentage points year-on-year, and a net profit margin of 0.67%, down 2.68 percentage points year-on-year [2]. - The company’s total revenue for the first three quarters of 2024 was 7.83 billion yuan, with a year-on-year decline of 5.10% [1]. - The company’s total assets are projected to be 7.87 billion yuan in 2024, with a debt ratio of 48.57% [8]. Management Changes - The company appointed Yang Wuyong as the new general manager, who has extensive experience in the industry, which is expected to help stabilize the company during this adjustment period [2].

Investment Rating - The report maintains an "Accumulate" rating for the company [4][6]. Core Views - The company reported a revenue decline of 5.10% year-on-year for the first three quarters of 2024, with a net profit decrease of 27.36% [1][4]. - The company is actively promoting the upgrade of its 3.0 store model and focusing on the customized model for the Hehua brand [3][4]. - Due to underperformance in customized liquor sales and uncertainties in the liquor industry recovery, the earnings per share (EPS) forecasts for 2024, 2025, and 2026 have been reduced by 38%, 40%, and 46% respectively [4][5]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a revenue of 78.32 billion yuan, a decrease of 5.10% year-on-year, and a net profit of 1.68 billion yuan, down 27.36% year-on-year [1]. - In the third quarter of 2024, the company reported a revenue of 18.89 billion yuan, a decline of 20.84% year-on-year, and a net profit of 0.13 billion yuan, down 84.17% year-on-year [1][2]. - The comprehensive gross margin for the first three quarters of 2024 was 10.02%, a decrease of 0.98 percentage points year-on-year [1][2]. Expense Ratio Summary - The expense ratio for the first three quarters of 2024 was 7.39%, down 0.84 percentage points year-on-year [2]. - In the third quarter of 2024, the expense ratio was 8.20%, a decrease of 0.38 percentage points year-on-year [2]. Strategic Initiatives - The company is pushing for the 3.0 store upgrade, creating a new model that integrates premium liquor, high-end dining, and entertainment [3]. - The company is focusing on the Hehua brand, hosting events to promote high-end customization [3].

会杜律师事务所 KING&WODD MALIFSONS 北京市朝阳区东三环中路1号 环球金融中心办公楼东楼18层 邮编100020 18th Floor, East Tower, World Financial Center 1 Dongsanhuan Zhonglu, Chaoyang District Beijing 100020, P. R. China T +86 10 5878 5588 F +86 10 5878 5566 www.kwm.com 北京市金杜律师事务所 关于华致酒行连锁管理股份有限公司 2024 年第二次临时股东大会之法律意见书 致:华致酒行连锁管理股份有限公司 北京市金杜律师事务所(以下简称本所)接受华致酒行连锁管理股份有限公司 (以下简称公司）的委托,根据《中华人民共和国证券法》(以下简称《证券法》)、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上 市公司股东大会规则（2022年修订 )》（以下简称《股东大会规则》）等中华人民共 和国境内（以下简称中国境内，为本法律意见书之目的,不包括中国香港特别行政 区、中国澳门特别行政区和中国台湾地区）现行有效 ...

证券代码：300755 证券简称：华致酒行 公告编号：2024-049 华致酒行连锁管理股份有限公司 2024 年第二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）会议召开情况： 1、现场会议开始时间：2024 年 10 月 30 日（星期三）下午 14:30。 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时间为 2024 年 10 月 30 日 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时间为 2024 年 10 月 30 日 9:15—15:00。 3、现场会议召开地点：北京市东城区白桥大街 15 号嘉禾国信大厦 CD 座 5 层北会议室。 4、会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召 开。 5、会议召集人：公司第五届董事会。 特别提示： 1.本次股东大会未出现否决议案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 6、会议主持人：公司副董事长彭宇清先生。 1 7、本次股东大会的召集 ...