粤海永顺泰集团股份有限公司（以下简称"公司"）董事会于近日收到公司董事 林如海先生的书面辞职申请。因工作安排，林如海先生申请辞去公司第二届董事会 董事、董事会审计委员会委员职务。辞职后，林如海先生不在公司及控股子公司担 任其他职务。截至本公告披露日，林如海先生未持有公司的股份。 根据《中华人民共和国公司法》《粤海永顺泰集团股份有限公司章程》相关规 定，林如海先生辞职未导致公司董事会成员低于法定最低人数，但将导致公司董事 会审计委员会成员低于法定最低人数。在改选出的董事就任前，林如海先生将按照 法律法规和《粤海永顺泰集团股份有限公司章程》的有关规定，继续履行董事和董 事会审计委员会委员职责。公司将按照法定程序尽快补选董事和董事会审计委员会 委员。 公司及公司董事会对林如海先生在任职期间的勤勉工作和为公司发展所做出的 贡献表示衷心感谢！ 证券代码：001338 证券简称：永顺泰 公告编号：2025-016 粤海永顺泰集团股份有限公司 关于公司董事辞职的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特此公告。 粤海永顺泰集团股份有限公司 董事会 2025 年 ...

Group 1 - The board of directors, supervisory board, and senior management guarantee the authenticity, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibilities [2] - The company confirms that the quarterly report has not been audited [3][7] - The company has no non-recurring gains and losses items to report [3] Group 2 - The company is implementing a new project to build a special malt production line with an annual capacity of 50,000 tons to enhance its product structure and competitive edge [5]

证券代码：001338 证券简称：永顺泰 编号：2025-005 粤海永顺泰集团股份有限公司 投资者关系活动记录表 5.中美贸易摩擦对公司有影响吗？ 答:公司目前没有从美国进口原料及出口麦芽，中美贸易摩擦对公司 的影响有限。谢谢关注！ 6.农业农村部今年推行的"粮改饲"政策，对永顺泰大麦原料采购 成本能降低多少？公司有没有申请专项补贴计划？ 答:公司的大麦原料主要来自进口，价格主要受全球谷物饲料供需和 全球天气因素等的影响。农业农村部的"粮改饲"政策，对公司大麦原 料采购成本无直接影响。谢谢关注！ 7.介绍一下公司高端麦芽生产情况。 答:随着我国啤酒产业向高端化、精酿化的发展，将带动特种麦芽和 高端麦芽的需求快速增长，麦芽产业的高端化趋势逐渐显现。公司在业 务开展之初即定位中高端领域，并随之配备了相应的生产装备及生产人 员。公司特殊工艺的定制化麦芽产品及特种麦芽产品能够较好地满足下 游啤酒制造客户的需求，公司在高端领域的先发优势与下游啤酒行业的 高端化发展趋势相匹配。另，为提升高端麦芽产能，宝麦公司正在建设 5 万吨/年特制麦芽生产线，目前该项目已取得建设工程规划许可证，并 完成基础工程施工。谢谢关注！ 8. ...

Group 1: Financial Performance - The company achieved a significant increase in gross profit margin in 2024 due to improved procurement coordination and cost control measures, resulting in a decrease in costs and financial expenses year-on-year [2] - The gross profit margin is influenced by fluctuations in raw material and product prices, which affect operating income [2] - In 2022, cash dividends amounted to 30.10 million CNY, accounting for 19.29% of net profit; in 2023, cash dividends increased to 52.68 million CNY, representing 30.35% of net profit; the proposed cash dividend for 2024 is 151 million CNY, which is 50.27% of net profit, indicating a yearly increase in dividend payout ratio [3] Group 2: Project Development - The new 50,000 tons/year specialty malt production line project received construction planning approval last year and is currently under construction, expected to be completed by the end of 2025 [2] - The production capacity release will depend on the qualification review process by major beer companies, which requires thorough testing and certification of the new production line [3] Group 3: Market and Risk Management - The recent U.S. tariff policy has limited impact on the company as its raw material procurement and product sales do not involve the U.S. market [2] - To mitigate foreign exchange risks due to the depreciation of the RMB against the USD, the company has increased its export ratio and implemented foreign exchange derivative trading to manage exposure [2] Group 4: Strategic Outlook - The company maintains a stable relationship with major beer groups, with over 20 years of cooperation, minimizing the impact of recent personnel changes in these companies [3] - The company is focusing on the development of whiskey malt, although current demand in this area is relatively low, indicating potential for future growth [3]

Group 1: Market Response and Strategies - After the Qingming Festival, the capital market experienced significant fluctuations, impacting the liquor sector, prompting Moutai and Wuliangye to announce new buybacks and share increases to boost investor confidence [1] - At the China Baijiu T9 Summit, leading liquor managers emphasized the importance of maintaining quality and brand integrity while calling for a collective response to the challenges posed by low-price promotions [1][2] - Wuliangye's chairman urged liquor companies to unite against the "100 billion subsidy" promotions from e-commerce platforms, advocating for sustainable development and industry self-regulation [2] Group 2: Company-Specific Developments - Moutai's chairman highlighted the need to adapt to a competitive environment focused on existing market share, emphasizing a consumer-centric approach and long-term thinking [3] - Yanghe's chairman suggested strengthening regional resources, product quality, and talent to navigate the industry's growth model transformation [4] - Langjiu's general manager stressed the importance of supporting distributors to ensure sustainable profits while maintaining a commitment to quality and long-term principles [5] Group 3: Performance Highlights - Yanjing Beer reported a net profit of 1.056 billion yuan for 2024, a year-on-year increase of 63.74%, with revenue of 14.667 billion yuan, up 3.2% [8][9] - Yongshuntai's revenue for 2024 reached 4.282 billion yuan, with a net profit increase of 72.5%, attributed to a significant drop in raw material costs [10] Group 4: Share Buyback and Stake Increases - Wuliangye Group announced plans to increase its stake in the company by 500 million to 1 billion yuan, reflecting confidence in the company's long-term value [11] - Moutai disclosed plans to complete a share buyback of up to 6 billion yuan, with approximately 1.948 billion yuan already spent [12][13] - Huangtai Liquor's controlling shareholder announced a plan to increase its stake by 60 million to 120 million yuan to enhance investor confidence [14]

Core Insights - The company reported a total revenue of 4.282 billion yuan in 2024, a year-on-year decline of 11.53%, marking the first negative growth since 2020 [1][4] - Despite the revenue drop, the net profit attributable to shareholders increased by 72.5% to 299 million yuan, with a non-recurring net profit growth of 112.08% to 282 million yuan [1][5] - The significant profit growth was primarily driven by cost control measures rather than business expansion or market share increase [5][6] Revenue Decline and Market Challenges - The decline in revenue is attributed to challenges in the market, including a slowdown in the beer industry and fluctuations in raw material prices, which directly impacted the company's revenue [4] - Major clients such as Budweiser, Carlsberg, and Heineken are influenced by the global economic environment, leading to reduced order volumes due to weak beer consumption demand in 2024 [4] - Although the company has established a nationwide production base to lower logistics costs, it has not effectively mitigated the negative impact of declining market demand [4] Profit Growth Driven by Cost Control - The impressive net profit growth was largely due to the company's efforts in cost management, implementing "three precision management" strategies to reduce production costs and financial expenses [5] - The company also focused on technological innovation and green transformation to enhance operational efficiency [5] Risks of Dependency on Single Business - The growth in net profit is heavily reliant on internal cost optimization, raising concerns about the sustainability of profit growth if revenue does not recover [6] - The company's dependence on a single business line (malt manufacturing) increases operational risks, as a further decline in malt market demand could severely impact profitability [6] Innovation and Green Transformation - The company has made strides in innovation and green transformation, with its subsidiary becoming the first carbon-neutral malt factory in the industry and receiving various accolades [7] - However, the economic benefits from these innovations and transformations have yet to materialize fully, with significant investments in R&D and environmental initiatives yielding limited contributions to revenue and profit [7] - The company's expansion into emerging markets has not significantly boosted export growth, failing to offset the decline in the domestic market [7]

Group 1: Real Estate - The new phase of real estate has begun, but a policy push is needed to stabilize housing prices, with a critical window expected around April-May 2025 for potential policy measures [1] - Anticipated policies include lowering housing financing costs, meeting improvement housing demands, increasing land reserves, and enhancing liquidity support for real estate companies [1] - Long-term bottoming of housing prices is expected, favoring developers and service platforms that excel in construction, asset management, and service provision [1] Group 2: Consumer Sector - 2025 may mark a turning point as internal demand becomes a focus due to ongoing external pressures, with fiscal policies aimed at boosting consumption becoming clearer [2] - Three main trends in the consumer sector are identified: rational consumption, emotional spending for satisfaction, and new consumption opportunities driven by technological advancements [2] - The consumer sector is expected to stabilize, with Q2 2025 likely being a bottoming point for many industries, suggesting a shift towards a balanced investment strategy [2] Group 3: Financial Products - New regulations for bank distribution of financial products are set to enhance professionalism and protect investor interests, potentially leading to a reshuffling in the industry [5] - Stricter standards for private fund access will benefit top-tier managers, while public fund managers face challenges due to increased competition [5] Group 4: Infrastructure and Urban Renewal - The central government is expected to support urban renewal initiatives, which will stimulate investment and consumption, creating new opportunities for sustainable growth [10] - The focus on urban renewal is anticipated to generate physical work and expand spending in leisure and entertainment, contributing to stable internal demand [10] Group 5: Environmental and Energy Sector - The development of virtual power plants is expected to accelerate, with significant capacity growth projected by 2027 and 2030, benefiting from the rise of renewable energy [11] - The industry is likely to overcome current barriers in technology standards and market mechanisms, paving the way for rapid growth [11] Group 6: Manufacturing Sector - The manufacturing sector faces challenges from U.S. tariffs but has significant potential for growth in non-U.S. export markets and domestic demand [14] - Companies with strong competitive advantages and those benefiting from internal circulation are recommended for investment [14] Group 7: Corporate Behavior - A surge in share buybacks and increases in corporate holdings is observed, with total planned amounts exceeding 73 billion [12] - The support from state-owned enterprises for buybacks indicates a positive outlook for market management and potential future increases in corporate actions [12]

4月9日永顺泰（001338）发布2024年度分配预案，拟10派3元(含税)，预计派现金额合计为1.51亿元。派 现额占净利润比例为50.27%，以该股2024年度成交均价计算，股息率为2.82%。这是公司上市以来，累 计第3次派现。 公司上市以来历次分配方案一览 2024年度农林牧渔行业分红排名 | 代码 | 简称 | 每10股送转(股) | 每10股派现(元) | 派现金额(万元) | 派现占净利润比例(%) | 股息率(%) | | --- | --- | --- | --- | --- | --- | --- | | 002714 | 牧原股份 | 0.00 | 5.72 | 308288.04 | 17.24 | 1.35 | | 600598 | 北大荒 | 0.00 | 5.5 | 97772.39 | 89.93 | 4.03 | | 300999 | 金龙鱼 | 0.00 | 1.11 | 60179.67 | 24.05 | 0.35 | | 001338 | 永顺泰 | 0.00 | 3 | 15051.93 | 50.27 | 2.82 | | 300119 | 瑞普生物 | 0.00 ...

永顺泰（001338）公告，2024年营业收入42.82亿元，同比下降11.53%。归属于上市公司股东的净利润 2.99亿元，同比增长72.50%。基本每股收益0.6元/股，同比增长71.43%。公司拟向全体股东每10股派发 现金红利3元(含税)，送红股0股(含税)，不以公积金转增股本。 ...

关于粤海集团财务有限公司的风险持续 评估报告 粤海永顺泰集团股份有限公司（以下简称"本公司"）已与粤海 集团财务有限公司（以下简称"粤海财务公司"）签订了《金融服务 协议》，根据《深圳证券交易所上市公司自律监管指引第 7 号——交 易与关联交易》的要求，本公司通过查验粤海财务公司《金融许可证》 《营业执照》等证件资料，并审阅包括资产负债表、利润表、现金流 量表等财务报告，对粤海财务公司的经营资质、业务和风险状况进行 了评估，现将有关风险持续评估情况报告如下： 一、 粤海财务公司基本情况 粤海财务公司于 2015 年 11 月 18 日经原中国银行业监督管理委 员会批准取得《金融许可证》，于 2023 年 12 月 15 日取得最新的《金 融许可证》，于 2015 年 12 月 28 日取得营业执照，注册地址位于广东 省广州市天河区天河路 208 号粤海天河城大厦 35 楼 01、02A、07B、 08 房，统一社会信用代码为 91440000MA4UL4RC78，经营范围为：吸 收成员单位存款；办理成员单位贷款；办理成员单位票据贴现；办理 成员单位资金结算与收付；提供成员单位委托贷款、债券承销、非融 资性保函 ...