洋河股份：2024年年度报告

JiangsuYangheDistilleryCo.,Ltd. 2024AnnualReport April2025 SectionIImportantStatements,ContentsandDefinitions Theboardofdirectors,boardofsupervisors,directors,supervisorsandseniormanagementofJiangsuYangheDistilleryCo.,Ltd.(hereinafterreferredtoastheCompany)herebyguaranteethattheinformationpresentedinthisreportisfreeofanyfalserecords,misleadingstatementsormaterialomissions,andshallindividuallyandtogetherbelegallyliablefortruthfulness,accuracyandcompletenessofitscontents. Mr.ZhangLiandong,theresponsiblepersonfortheCompany,Mr.YinQiuming,theresponsiblepersonforaccountingaffairsandMr.ZhaoQike,theresponsiblepersonforaccountingdepartment(theaccountingsupervisor)havewarrantedthatthefinancialstatementsinthisreportaretrue,accurateandcomplete.Exceptforthedirectorslistedbelow,allotherdirectorsattendedtheboardmeetinginpersontoreviewthisannualreport. NamesofDirectorsWhoDidNotAttendinPerson PositionsofDirectorsWhoDidNotAttendinPerson ReasonforNotAttendingtheMeetinginPerson NameofProxy NieYao IndependentDirector BusinessTrip LuGuoping Thefutureplansandotherforward-lookingstatementsmentionedinthisannualreport,duetotheirinherentuncertainties,shallnotberegardedassubstantivecommitmentsoftheCompanytoinvestors.Investorsandpeopleconcernedshouldmaintainadequateriskawarenessandunderstandthedifferencebetweenplans,predictionsandpromises.Investorsarekindlyremindedtopayattentiontopossibleinvestmentrisks. Intheannualreport,thepossiblerisksintheoperationoftheCompanyaredescribedindetail(see11.OutlookfortheFutureDevelopmentoftheCompanyinSectionIIIManagementDiscussionandAnalysis).Investorsarekindlyremindedtopayattentiontorelevantcontent. Theprofitdistributionplanapprovedbytheboardofdirectors:basedon1,506,445,074shares,acashdividendofCNY23.17(taxinclusive)willbedistributedforevery10existingsharesheld,0sharesofbonusshares(taxinclusive),andreserveswouldnotbeconvertedintosharecapital. TheCompany’sChinese2024AnnualReportwaspubliclydisclosedontheShenzhenStockExchangeandwww.cninfo.com.cnon29April2025.IfthereareanydifferencesbetweentheEnglishversionandtheChineseone,pleaserefertothelatter. Contents SectionIImportantStatements,ContentsandDefinitions2 SectionIICompanyProfileandKeyFinancialResults6 SectionⅢManagementDiscussionandAnalysis11 SectionⅣCorporateGovernance37 SectionⅣEnvironmentandSocialResponsibility72 SectionⅣSignificantEvents79 SectionⅣChangesinSharesandInformationaboutShareholders94 SectionⅣInformationaboutPreferenceShares104 SectionⅣInformationaboutBonds105 SectionⅣFinancialReports106 DocumentCatalog (I)FinancialstatementscontainingthesignaturesandsealsofthepersoninchargeoftheCompany,theaccountinghead,andthepersoninchargeoftheaccountingbody(accountingmanager). (II)Theoriginalauditreportswiththesealoftheaccountingfirmandthesignaturesandsealsofthecertifiedpublicaccountants. (III)TheoriginalsofallCompanydocumentsandannouncementspubliclydisclosedduringthereportingperiod. Definitions Term Reference Definition TheCompany,ThisCompany,Yanghe Referto JiangsuYangheDistilleryCo.,Ltd. YangheGroup,Controllingshareholder Referto JiangsuYangheGroupCo.,Ltd. Thecurrentyear,Inthereportingperiod Referto 1Jan.2024to31Dec.2024 Thereport Referto 2024AnnualReport Yuan,Tenthousandyuan,Ahundredmillionyuan Referto CNY0.00,CNY10,000.00,CNY100,000,000.00 Theshareholders'meeting,theboardofdirectors,theboardofsupervisors Referto TheShareholders'Meeting,BoardofDirectors,andSupervisoryBoardofJiangsuYangheDistilleryCo. Articlesofincorporation Referto ArticlesofincorporationofJiangsuYangheDistilleryCo.,Ltd. SSE Referto ShenzhenStockExchange SRC,CSRC Referto ChinaSecuritiesRegulatoryCommission SACofSuqian,SASACofSuqian Referto State-ownedAssetsSupervisionandAdministrationCommissionofSuqian Zhongxi,Accountingfirm Referto ZhongxiCPALLP BlueAlliance Referto JiangsuBlueAllianceCo.,Ltd. YangheBranchoftheCompany Referto JiangsuYangheDistilleryCo.,Ltd.YangheBranch SiyangBranchoftheCompany Referto JiangsuYangheDistilleryCo.,Ltd.SiyangBranch ShuanggouDistillery Referto JiangsuShuanggouDistilleryStockCo.,Ltd. GuijiuCompany Referto GuizhouGuijiuCo.,Ltd. Insideandoutsidetheprovince Referto InsideandoutsideJiangsuProvince SectionIICompanyProfileandKeyFinancialResults I.Corporateinformation Stockabbreviation Yanghe Stockcode 002304 StockexchangewherethesharesoftheCompanyarelisted ShenzhenStockExchange NameoftheCompanyinChinese 江苏洋河酒厂股份有限公司 Abbr.oftheCompanynameinChinese 洋河股份 NameoftheCompanyinEnglish(ifany) JIANGSUYANGHEDISTILLERYCO.,LTD. Abbr.oftheCompanynameinEnglish(ifany) Yanghe Legalrepresentative ZhangLiandong Registeredaddress No.118MiddleAvenue,YangheTown,SuqianCity,JiangsuProvince,China Postalcodeofregisteredaddress 223800 Historicalchangesofthecompany'sregisteredaddress N/A Businessaddress No.118JiuduAvenue,YangheTown,SuqianCity,JiangsuProvince,China Postalcodeofbusinessaddress 223800 Companywebsite http://www.chinayanghe.com E-mail yanghe002304@chinayanghe.com II.Contactus Companysecretary Representativeforsecuritiesaffairs Name LuHongzhen ZhuHaihui Address No