证券代码：603043 证券简称：广州酒家 公告编号：2025-027 广州酒家集团股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 回购资金总额：人民币1亿元-人民币1.43亿元，最终回购数量及占公司 总股本比例以公司的实际回购情况为准。 回购资金来源：公司自有资金和/或股票回购专项贷款，公司近日已取得 中国工商银行股份有限公司广州分行的《融资承诺函》，同意为公司回购股份 提供专项贷款支持，专项贷款金额不超过人民币12,870万元，具体贷款相关事 项以双方正式签订的股票回购贷款合同为准。 回购用途：回购股份将在未来适宜时机全部用于股权激励，若公司未能 在股份回购实施结果暨股份变动公告日后3年内使用完毕已回购股份，尚未使用 的已回购股份将予以注销。如国家对相关政策作调整，则本回购方案按调整后 的政策实行。 回购价格：不超过人民币23.00元/股（含本数），（不超过董事会审议 通过本次回购股份决议前 30 个交易日公司股票交易均价的 150%）。若公司在 回 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 18.36 CNY, based on a price-to-earnings (PE) ratio of 18 times for 2025 [6][10]. Core Views - The company is experiencing strong performance in restaurant expansion and is actively distributing dividends and implementing incentives to boost confidence among stakeholders [1]. - The earnings per share (EPS) forecasts for 2025-2027 are adjusted to 1.02, 1.16, and 1.30 CNY respectively, reflecting a downward revision due to weak downstream demand and rising raw material costs [2][10]. - The company is focusing on enhancing its restaurant business, which has shown significant growth, while its food manufacturing segment is under pressure due to increased competition [9]. Financial Performance Summary - The company's revenue for 2023 is reported at 4,901 million CNY, with a year-on-year growth of 19.2%. The projected revenues for 2024, 2025, 2026, and 2027 are 5,124 million CNY (+4.6%), 5,718 million CNY (+11.6%), 6,354 million CNY (+11.1%), and 7,055 million CNY (+11.0%) respectively [4]. - The net profit attributable to the parent company for 2023 is 550 million CNY, with a projected decline of 10.3% in 2024, followed by a recovery to 577 million CNY in 2025 (+16.9%) [4][9]. - The overall gross margin for 2024 is expected to be 31.7%, down 3.9 percentage points from the previous year, primarily due to increased promotional activities in the food manufacturing sector [9]. Business Segment Insights - The restaurant service revenue for 2024 is projected to be 1,460 million CNY, reflecting a year-on-year increase of 15.2%, contributing to 28.4% of total revenue [9]. - The food manufacturing segment's revenue is expected to grow only 1.0% year-on-year, with specific product lines like mooncakes and frozen foods experiencing declines of 2.0% and 3.0% respectively [9]. - The company's overseas business is expanding rapidly, with a 41.6% increase in revenue from international markets, including the United States and Canada [9].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 18.36 CNY, based on a PE ratio of 18 times for 2025 [6][10]. Core Views - The company is experiencing strong performance in restaurant expansion and is actively distributing dividends and implementing incentives to boost confidence [1]. - The earnings per share (EPS) forecasts for 2025-2027 are adjusted to 1.02, 1.16, and 1.30 CNY respectively, reflecting a downward revision due to weak downstream demand and rising raw material costs [2][10]. - The company is focusing on enhancing its restaurant business, which has shown significant growth, while its food manufacturing segment is under pressure due to increased competition [9]. Financial Summary - The company's revenue for 2023 is reported at 4,901 million CNY, with a projected growth to 5,718 million CNY in 2025, reflecting a year-on-year growth of 11.6% [4]. - The net profit attributable to the parent company is expected to increase from 550 million CNY in 2023 to 577 million CNY in 2025, indicating a growth rate of 16.9% [4]. - The overall gross margin is projected to decline from 35.6% in 2023 to 32.7% in 2025, primarily due to increased promotional activities in the food manufacturing sector [9].

Meeting Overview - The annual general meeting of Guangzhou Restaurant Group Co., Ltd. was held on April 22, 2025, at the conference center of the company headquarters in Guangzhou [2] - The meeting was convened by the board of directors and chaired by Chairman Xu Weibing, utilizing a combination of on-site and online voting methods [2][3] Attendance - All 7 current directors attended the meeting, while 2 out of 3 supervisors were present; the chairman of the supervisory board was absent due to work commitments [3] - The board secretary and CFO were present, along with the general manager and one vice president, while another vice president was absent for work reasons [3] Resolutions Passed - The following resolutions were approved during the meeting: 1. The full text and summary of the 2024 annual report [4] 2. The 2024 board of directors' work report [4] 3. The 2024 supervisory board's work report [5] 4. The 2024 financial settlement report [5] 5. The 2025 financial budget report [5] 6. The profit distribution proposal for 2024 [5] 7. The director remuneration proposal for 2024 [5] 8. The supervisor remuneration proposal for 2024 [5] 9. The proposal for share repurchase through centralized bidding [5] Voting Details - The share repurchase proposal was a special resolution requiring more than two-thirds of the voting rights held by attending shareholders to pass, while other resolutions were ordinary and required a simple majority [7] - Certain directors and executives abstained from voting on related party proposals to ensure compliance with regulations [7] Legal Verification - The meeting was witnessed by lawyers from King & Wood Mallesons (Guangzhou), confirming that the convening and proceedings of the meeting complied with relevant laws and regulations [8]

证券代码：603043 证券简称：广州酒家 公告编号：2025-026 广州酒家集团股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 4 月 22 日 (二)股东大会召开的地点：广州市天河区科韵路 16 号广酒大厦 6 楼会议中 心 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 428 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 364,302,546 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 64.0508 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长徐伟兵先生主持，会议采用现场投票和 网络投票相结合的方式召开。会议的召集和召开程序、表决方式符合《公司 ...

北京市金杜（广州）律师事务所 北京市金杜（广州）律师事务所（以下简称本所）接受广州酒家集团股份有限 公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上 市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以下简 称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别 行政区和中国台湾地区）现行有效的法律、行政法规、规章、规范性文件和现行有 效的《广州酒家集团股份有限公司章程》（以下简称《公司章程》）有关规定，指 派本所律师出席了公司于2025年4月22日召开的2024年年度股东大会（以下简称 本次股东大会），并就本次股东大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1 关于广州酒家集团股份有限公司 2024 年年度股东大会的 法律意见书 致：广州酒家集团股份有限公司 1. 经公司2022年年度股东大会审议通过的《公司章程》； 2. 经公司2022年第一次临时股东大会审议通过的《广州酒家集团股份有限公 司股东大会规则》； ...

Group 1 - The company approved a share repurchase plan with a total fund of approximately RMB 100 million to RMB 143 million, with a maximum repurchase price of RMB 23.00 per share [1][2] - The repurchase will be conducted through centralized bidding and is intended for implementing equity incentives [1] - The repurchase period is set for 12 months from the date of approval at the shareholders' meeting [1] Group 2 - The company received a financing commitment letter from the Guangzhou branch of the Industrial and Commercial Bank of China, allowing for a loan of up to RMB 128.7 million for the share repurchase [2] - The loan term is not to exceed three years [2] - The actual amount and number of shares repurchased will depend on market conditions and will be disclosed in a timely manner [2]

证券代码：603043 证券简称：广州酒家 公告编号：2025-025 广州酒家集团股份有限公司 关于取得金融机构股票回购专项贷款承诺函的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、本次回购股份方案的基本情况 本次收到金融机构股票回购融资承诺函不代表公司对回购金额的承诺，具体 回购股份金额和回购股份数量以实际为准。公司后续将在回购期限内根据市场情 况择机实施股份回购，并根据进展情况及时履行信息披露义务。敬请广大投资者 注意投资风险。 1 特此公告。 二、收到股票回购专项贷款承诺函的情况 近日，公司取得中国工商银行股份有限公司广州分行出具的《融资承诺函》， 主要内容如下： 1、贷款金额：不超过人民币 12,870 万元； 2、贷款期限：不超过三年； 3、贷款用途：用于回购广州酒家（603043.SH）公司股份 本次股票回购具体贷款条件以双方正式签订的借款合同为准。 三、对公司的影响 广州酒家集团股份有限公司（以下简称"公司"）于 2025 年 3 月 19 日召开 第四届董事会第三十三次会议，审议通过《关于以集中竞 ...

Core Viewpoint - The collaboration between Guangzhou Restaurant and Yingde Black Tea aims to enhance the cultural significance and market presence of Yingde Black Tea through the launch of a new Dragon Boat Festival gift box, combining traditional food and tea elements to appeal to consumers [10][31]. Group 1: Product Launch and Features - The new Dragon Boat Festival gift box titled "Zong You Qian Kun" will be launched on April 19, featuring a combination of "one zongzi, one soup, and one tea" [11][18]. - The gift box includes four classic Guangdong-style meat zongzi, soup ingredients, and Yingde Black Tea, showcasing the rich culinary heritage of Lingnan culture [12][16]. Group 2: Industry and Market Insights - Yingde Black Tea is one of the five major billion-level modern agricultural industries in Qingyuan, with a planting area of 181,600 acres and a comprehensive output value of 9.045 billion yuan in 2024, expected to exceed 10 billion yuan [21][22]. - The brand value of Yingde Black Tea's regional public brand is 4.773 billion yuan, ranking first in Guangdong's tea industry and second nationally among black tea categories [23]. Group 3: Cultural and Economic Significance - Yingde Black Tea was represented as a national tea during the China-France summit, highlighting its cultural and diplomatic significance [24]. - The collaboration with Guangzhou Restaurant not only aims to create a festive gift but also serves as a vehicle for promoting Lingnan culture and enhancing the tea's market appeal [31][32]. Group 4: Strategic Initiatives - Guangzhou Restaurant has been actively capturing market demands and developing innovative products, such as tea-flavored zongzi, to deepen collaborations with local premium brands [34]. - The partnership with Yingde Black Tea is part of a broader strategy to modernize traditional tea culture and make it more appealing to younger and international audiences [36].

证券代码：603043 证券简称：广州酒家 公告编号：2025-024 广州酒家集团股份有限公司 关于股份回购事项前十大股东和前十大无限售条件 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 广州酒家集团股份有限公司（以下简称"公司"）于 2025 年 3 月 19 日召开 第四届董事会第三十三次会议，审议通过《关于以集中竞价交易方式回购公司股 份方案的议案》。具体内容详见公司于 2025 年 3 月 20 日在上海证券交易所网站 （www.sse.com.cn）披露的《广州酒家：关于以集中竞价交易方式回购公司股份 方案的公告》（公告编号：2025-009）。此方案将由 2025 年 4 月 22 日召开的 2024 年年度股东大会审议。 根据《上市公司股份回购规则》、《上海证券交易所上市公司自律监管指引 第 7 号——回购股份》等相关规定：回购方案需经股东大会决议的，上市公司应 当在股东大会召开前 3 日，披露股东大会的股权登记日登记在册的前十大股东和 前十大无限售条件股东的名称及持股数量、比例。现将公司 2024 年年度股 ...