粤海永顺泰集团股份有限公司 投资者关系活动记录表 证券代码：001338 证券简称：永顺泰 编号：2025-011 投资者关系 活动类别 特定对象调研 □媒体采访 □新闻发布会 □现场参观 □分析师会议 □业绩说明会 □路演活动 □其他： 参与单位名称 及人员姓名 中信证券罗翔、魏喆、陈志、于聪、丁天凯 时间 2025 年 11 月 19 日上午 地点 电话会议 上市公司接待 人员姓名 证券事务代表仝国明 投资者关系 活动记录 1.公司整体业务简介及发展历程？ 答：公司自成立以来始终专注于啤酒麦芽的研发、生产和销售。公 司业务始于 1987 年，经过多年发展，已在全国设有 5 家工厂，分布于沿 海沿江地区，拥有麦芽产能 108 万吨/年，产能规模位居亚洲第一、世界 第四。公司与百威啤酒、嘉士伯、喜力啤酒、华润雪花啤酒、青岛啤酒、 燕京啤酒、珠江啤酒等知名啤酒制造商均有超过 20 年的合作历史，同时， 公司产品已外销至东南亚、中南美、日本、韩国、非洲等多个国家和地 区。 2.公司发展至今，规模不断扩大，主要得益于哪些优势？ 答：公司始终坚持深耕麦芽主业，在业务开展之初即定位中高端领 域，随之配备了相应的生产装备 ...

Core Viewpoint - The company is progressing with the construction of a new specialized malt production line with a capacity of 50,000 tons per year, expected to be completed by the end of 2025, and emphasizes its strong technical capabilities and market influence to meet diverse customer demands in the brewing industry [1] Group 1: Project Development - The specialized malt production line project is planned to be completed by the end of 2025 [1] - The company encourages stakeholders to monitor its periodic reports for updates on the project's progress [1] Group 2: Market Position and Customer Relationships - The company has over 20 years of collaboration with major breweries such as Budweiser, Carlsberg, Heineken, China Resources Snow Beer, Tsingtao Brewery, Yanjing Beer, and Zhujiang Beer [1] - The company exports its products to various regions including Southeast Asia, Central and South America, Japan, South Korea, and Africa [1] Group 3: Product Flexibility and Customization - The company possesses deep technical expertise and market influence, allowing it to produce malt products that meet the quality standards of diverse brewing customers [1] - The specialized malt production line is designed to adapt to different flavor preparation needs, showcasing the company's ability to customize products based on downstream demand [1]

Core Viewpoint - The company has successfully launched its "Annual Production of 130,000 Tons of High-Quality Beer Malt Project" and is planning to enhance its production capacity with a new specialized malt production line in 2024 [1] Group 1: Company Developments - The company’s project for producing 130,000 tons of high-quality beer malt is located in the Anyi Industrial Park, Baoying County, Yangzhou, Jiangsu Province and is implemented by its wholly-owned subsidiary, Baomai [1] - The new project for a specialized malt production line with a capacity of 50,000 tons per year is currently under construction and aims to optimize product structure and enhance high-end malt production capabilities [1]

Group 1: Industry Trends - The beer industry is experiencing a significant trend towards high-end products, with a stable overall consumption rate and an emergence of niche, craft, and premium beers [2] - The demand for higher quality malt is increasing due to the industry's shift towards premiumization, aligning with the company's initial focus on the mid-to-high-end market [2] Group 2: Business Expansion Plans - The company aims to solidify its leading position as the largest malt producer in China, aspiring to become a world-class malt supplier [2] - Recent projects have increased production capacity by 27%, with two major projects completed: "Guangmai Phase 4 Expansion" and "130,000 tons of mid-to-high-end beer malt project" [2] - A new 50,000 tons/year specialty malt production line is under construction, with plans to optimize capacity based on customer needs [2] Group 3: Market Dynamics - Few domestic breweries are establishing their own malt production due to the limited demand from single breweries, leading to potential capacity waste [2] - The increasing technical and quality control capabilities of malt manufacturers allow them to meet breweries' diverse requirements effectively, promoting a separation of malt production from breweries [3]