Group 1: Industry Trends - The beer industry is experiencing a shift towards high-end products due to changes in consumer demographics and health consciousness, while overall production remains stable among large enterprises [2] - The demand for mid-to-high-end malt production is increasing as the beer consumption structure continues to optimize [2] Group 2: Cost Outlook - Barley, which constitutes a significant portion of malt costs, has seen stable supply and demand; however, prices have declined due to factors like Argentina's barley harvest and Australia's resumption of imports [2] - The price of barley is influenced by various factors including climate, agricultural policies, and geopolitical issues, leading to uncertainties in malt costs [2] Group 3: Profitability and Pricing - Malt sales prices are affected by raw material costs, product types, production processes, and market competition, which collectively influence the company's profit margins [2] - Large and medium-sized beer groups typically determine their procurement needs for the following year in the last two quarters of the current year, while some clients prefer a just-in-time purchasing model [2] Group 4: International Business Development - The company has been actively expanding its overseas market, achieving significant growth in export sales, particularly in Southeast Asia, Central and South America, Japan, South Korea, and Africa [2] - The overseas beer clients are primarily large multinational beer groups with local branches or large local beer companies, indicating stable business relationships [2]
永顺泰(001338) - 2024年11月22日投资者关系活动记录表