李子园(605337) - 浙江李子园食品股份有限公司投资者关系活动记录表（2024年第一季度业绩说明会）

Group 1: Financial Performance - The company achieved a revenue of 334.36 million RMB in Q1 2024, a decrease of 3.17% year-on-year [3] - Net profit for the same period was 56.95 million RMB, down 3.79% year-on-year, while the net profit attributable to the parent company, after deducting non-recurring gains and losses, was 58.78 million RMB, an increase of 1.06% year-on-year [3] - The company plans to apply for a total credit limit of up to 800 million RMB for 2024, which includes various financial instruments [6] Group 2: Market and Operational Insights - The company’s revenue decline in Q1 2024 is attributed to varying market conditions across different regions, with East China and Southwest markets showing revenue increases of 1.75% and 4.05% respectively, while Central China saw a decrease of 14.74% [6] - The company is expanding production capacity in regions like Yunnan, Henan, Jiangxi, and Zhejiang to meet future market demands, despite no significant revenue increase in 2023 [4] - The company aims to enhance its market presence by focusing on specific age groups and regional advantages [4] Group 3: Strategic Initiatives - The appointment of Cheng Yi as the brand ambassador is expected to strengthen the brand image and appeal to younger consumers, potentially boosting market expansion [5] - The company is committed to utilizing idle fundraising for cash management to enhance returns for the company and shareholders [4] - The company plans to develop limited edition and co-branded products in collaboration with Cheng Yi to meet consumer demands and increase product value [8] Group 4: Shareholder and Investment Updates - As of April 30, 2024, the company has repurchased 13,762,962 shares, accounting for 3.49% of the total share capital [7] - The controlling shareholders hold 19.86% of the company's convertible bonds, with specific holdings detailed for major shareholders [7] - The company has completed the non-trading transfer of 7,376,460 shares, representing 1.87% of the total share capital, due to the dissolution of a shareholder [8]