证券代码：603057 证券简称：紫燕食品 公告编号：2025-063 紫燕食品集团股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 11 日（星期四）至 09 月 17 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ziyan@ziyanfoods.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 紫燕食品集团股份有限公司（以下简称"公司"）已于 2025 年 8 月 23 日发 布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半 年度经营成果、财务状况，公司计划于 2025 年 09 月 18 日（星期四）11:00-12:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 三、参 ...

Market Overview - The leisure food sector experienced a decline of 0.53% on September 10, with Ziyan Food leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - Ziyan Food (603057) closed at 22.22, down 4.72% with a trading volume of 85,400 shares and a transaction value of 191 million [1] - Wancheng Group (300972) closed at 177.45, down 2.29% with a trading volume of 42,900 shares and a transaction value of 762 million [1] - Jinjun Puzhi (002847) closed at 70.71, down 2.20% with a trading volume of 43,200 shares and a transaction value of 305 million [1] - Other notable declines include Lihai Food (300973) down 1.59% and Zhizhi Food (002557) down 1.38% [1] Capital Flow Analysis - The leisure food sector saw a net outflow of 125 million from main funds, while retail investors contributed a net inflow of 110 million [3] - Notable capital inflows include Laiyifen (603777) with a net inflow of 33.97 million from main funds, while it experienced a net outflow of 40.59 million from retail investors [3] - Other stocks like Zhi Shi Ma (000716) and Tao Li Bread (603866) also showed mixed capital flows, with significant outflows from retail investors [3]

Core Viewpoint - The company has approved the use of up to RMB 470 million of idle raised funds for cash management, with a usage period of 12 months from the board's approval date [1][14]. Group 1: Cash Management Overview - The company aims to improve the efficiency of raised funds while ensuring that the cash management does not affect the construction of fundraising projects [4]. - The company has already utilized RMB 262 million of the idle raised funds for cash management, which is within the authorized limit set by the board [16]. Group 2: Financial Details - The company purchased structured deposits from Shanghai Pudong Development Bank amounting to RMB 54 million, which has been redeemed with a principal recovery of RMB 54 million and an interest income of RMB 273,700 [3]. - The total amount raised from the initial public offering was RMB 636.3 million, with a net amount of RMB 565.2 million after deducting related expenses [7]. Group 3: Risk Management - The company has implemented strict risk control measures for investment products, ensuring that the cash management products are of high safety and liquidity [8][10]. - Independent directors have the authority to supervise and inspect the use of funds, and may hire professional institutions for auditing if necessary [11].

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： | 产品名称 | 利多多公司稳利 25JG3372 期(3 个月早鸟款) 人民币对公结构性存款 | | --- | --- | | 受托方名称 | 浦发银行 | | 购买金额 | 5,400 万元 | | 产品期限 | 90 天 | | 特别风险提示（如有请勾选） | 其他：不适用____ | 现金管理产品的基本情况 已履行的审议程序 紫燕食品集团股份有限公司（以下简称"公司"）于 2025 年 4 月 16 日召开第 二届董事会第十次会议，审议通过了《关于使用部分闲置募集资金进行现金管理 的议案》，使用不超过人民币 4.7 亿元的闲置募集资金进行现金管理，使用期限为 本次董事会审议通过之日起 12 个月内，在前述额度及有效期内，资金可以循环滚 动使用。公司保荐机构对相关事项发表了同意的意见，本事项无需提交股东大会 审议。具体内容详见公司 2025 年 4 月 18 日披露于上海证券交易所官网 （www.sse.com.cn）的《关于使用部分闲置募集资金进行现金管 ...

Market Overview - The leisure food sector increased by 0.16% on September 5, with Laiyifen leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Key Performers - Laiyifen (603777) closed at 14.78, up 3.07% with a trading volume of 290,800 shares and a turnover of 421 million yuan [1] - Other notable performers include: - Huangshanghuang (002695) at 12.33, up 1.40% [1] - Guangzhou Restaurant (603043) at 17.61, up 1.32% [1] - Yuanzu Co. (603886) at 13.34, up 1.14% [1] Underperformers - Salted Fish (002847) closed at 72.17, down 1.65% with a trading volume of 58,900 shares and a turnover of 420 million yuan [2] - Other underperformers include: - Ximai Food (002956) at 21.25, down 1.62% [2] - Youyou Food (603697) at 12.58, down 0.94% [2] Capital Flow - The leisure food sector experienced a net outflow of 80.43 million yuan from institutional investors, while retail investors saw a net inflow of 72.85 million yuan [2] - Notable capital flows include: - Laiyifen had a net inflow of 11.73 million yuan from institutional investors [3] - Yuanzu Co. saw a net inflow of 12.58 million yuan from institutional investors [3]

Market Overview - The leisure food sector experienced a decline of 1.24% on September 2, with Ziyan Food leading the drop [1][2] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Individual Stock Performance - Ziyan Food's stock price fell by 6.72% to 23.75, with a trading volume of 66,300 shares and a transaction value of 162 million yuan [2] - Other notable declines include: - Ximai Food down 2.82% to 21.40 - Guifaxiang down 2.81% to 12.82 - Three Squirrels down 2.43% to 26.11 [2] Trading Volume and Capital Flow - The leisure food sector saw a net outflow of 262 million yuan from main funds, while retail investors contributed a net inflow of 253 million yuan [2][3] - The trading volume for various stocks included: - Taoli Bread with a closing price of 5.69 and a trading volume of 250,700 shares [1] - Yanzhu Co. with a closing price of 13.17 and a trading volume of 44,400 shares [1] Capital Inflow Analysis - Main funds showed a net inflow in stocks like Taoli Bread (10.27 million yuan) and Youyou Food (3.91 million yuan) [3] - Conversely, stocks like Black Sesame and Maiqu'er experienced net outflows of -20.11 million yuan and -203.98 million yuan, respectively [3]

Market Overview - The leisure food sector increased by 0.05% on September 1, with Qiaqia Food leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in Leisure Food Sector - Zhizhi Food (002557) closed at 23.17, up 3.58% with a trading volume of 165,300 shares and a turnover of 385 million yuan [1] - Haoxiangni (002582) closed at 10.70, up 3.48% with a trading volume of 375,400 shares and a turnover of 401 million yuan [1] - Liangpinpuzi (603719) closed at 13.62, up 3.10% with a trading volume of 126,000 shares and a turnover of 170 million yuan [1] Top Losers in Leisure Food Sector - Wancheng Group (300972) closed at 204.70, down 3.35% with a trading volume of 65,500 shares and a turnover of 1.337 billion yuan [2] - Chongwu Food (603057) closed at 25.46, down 2.26% with a trading volume of 50,600 shares and a turnover of 130 million yuan [2] - Youyou Food (603697) closed at 13.82, down 2.12% with a trading volume of 225,800 shares and a turnover of 314 million yuan [2] Capital Flow Analysis - The leisure food sector experienced a net outflow of 2.3567 million yuan from institutional investors, while retail investors saw a net inflow of 14.3 million yuan [2][3] - Major stocks like Zhizhi Food had a net inflow of 63.1025 million yuan from institutional investors, despite a net outflow from retail investors [3] - The overall trend indicates a mixed sentiment among different types of investors within the leisure food sector [3]

Group 1 - The leisure food sector increased by 4.4% on August 29, with Wancheng Group leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] - Key stocks in the leisure food sector showed significant price increases, with Wancheng Group rising by 20.00% to a closing price of 211.80 [1] Group 2 - The leisure food sector experienced a net outflow of 251 million yuan from institutional investors, while retail investors saw a net inflow of 178 million yuan [2] - Notable declines were observed in stocks such as Haoxiangni, which fell by 3.36%, and Youyou Food, which decreased by 3.22% [2] - The trading volume for the leisure food sector was substantial, with Wancheng Group achieving a transaction amount of 1.696 billion yuan [1][2] Group 3 - The net inflow of funds varied among individual stocks, with Guangzhou Restaurant experiencing a net outflow of 13.26 million yuan from institutional investors [3] - Salted Fish and other stocks showed mixed results in terms of fund inflows, indicating varied investor sentiment [3] - The overall market dynamics reflect a complex interplay between institutional and retail investor behaviors within the leisure food sector [2][3]

证券代码：603057 证券简称：紫燕食品 公告编号：2025-061 紫燕食品集团股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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： | 产品名称 | 招商银行点金系列看涨三层区间 90 天结构 | | --- | --- | | | 性存款 | | 受托方名称 | 招商银行 | | 购买金额 | 5,000 万元 | | 产品期限 | 90 天 | | 特别风险提示（如有请勾选） | 其他：不适用____ | 现金管理产品的基本情况 | 产品名称 | 利多多公司稳利 25JG8486 期(三层看涨)人 民币对公结构性存款 | | --- | --- | | 受托方名称 | 浦发银行 | | 购买金额 | 12,800 万元 | | 产品期限 | 176 天 | | 特别风险提示（如有请勾选） | 其他：不适用____ | | 产品名称 | 交通银行蕴通财富定期型结构性存款 29 天 （挂钩汇率看涨） | | --- | --- | | 受托方名称 | ...

Investment Rating - The report maintains a "Buy" rating for the company, with expected net profits of 233.41 million, 299.42 million, and 334.39 million for 2025, 2026, and 2027 respectively, reflecting growth rates of -32.63%, 28.28%, and 11.68% [5]. Core Insights - The company reported a total revenue of 1.473 billion in the first half of 2025, a decrease of 11.46% year-on-year, with a net profit of 105 million, down 47.20% [1]. - In Q2 2025, total revenue was 909 million, a decline of 6.16%, with a net profit of 89 million, down 37.99% [1]. - The company is actively expanding its overseas market presence, particularly in North America, with new store openings in New York and New Jersey [3][4]. Summary by Sections Revenue Performance - In H1 2025, revenue from fresh products, pre-packaged products, and other categories were 1.129 billion, 248 million, and 30 million respectively, showing year-on-year changes of -18.52%, +40.98%, and -10.03% [2]. - Q2 2025 saw fresh product revenue decline by 17.11%, while pre-packaged products grew by 87.84% [2]. Distributor and Channel Performance - The company added 2 new distributors in Q2 2025, maintaining a total of 100 distributors [3]. - Direct store revenue grew significantly, aided by a strategy combining penetration into Chinese supermarkets and direct store openings in North America [3]. Profitability Analysis - The gross profit margin for H1 2025 was 22.24%, down 2.55 percentage points year-on-year, primarily due to rising labor costs [4]. - The net profit margin for H1 2025 was 7.10%, a decrease of 4.81 percentage points year-on-year [4]. Financial Forecast - The company is projected to have a PE ratio of 45, 35, and 32 for the years 2025, 2026, and 2027 respectively, with a market capitalization of 10.5 billion [5].