Core Viewpoint - The company, Ziyan Food, reported a decline in revenue for 2024, with a total revenue of 3.363 billion yuan, down 5.28% year-on-year, while net profit increased by 4.50% to 346 million yuan [3] Group 1: Financial Performance - In Q4 2024, the company achieved a revenue of 676 million yuan, a decrease of 7.88% year-on-year, with a net loss of 2.49 million yuan compared to a loss of 9.92 million yuan in the same period last year [3] - For Q1 2025, the revenue was 564 million yuan, down 18.86% year-on-year, with a net profit of 15.22 million yuan, a significant drop of 71.80% [3] - The company's gross profit margin for 2024 was 22.93%, with a decline in Q1 2025 to 18.16%, attributed to rising import beef prices [5] Group 2: Product Category Performance - The fresh goods category saw a revenue of 2.804 billion yuan in 2024, down 6.65% year-on-year, with specific products like "Husband and Wife Lung Slices" and "Whole Chicken" experiencing declines of 9.84% and 8.95% respectively [4] - In Q4 2024 and Q1 2025, the fresh goods category generated revenues of 544 million yuan and 446 million yuan, reflecting year-on-year declines of 10.50% and 20.60% respectively [4] - The revenue from the core region, East China, decreased by 5.97% in 2024, while other regions like North China and South China saw declines of 18.20% and 16.41% respectively [4] Group 3: Cost and Expense Analysis - The sales expense ratio for 2024 was 5.24%, increasing to 6.21% in Q1 2025, indicating a rise in costs due to declining revenue [5] - The management expense ratio also increased from 5.24% in 2024 to 8.43% in Q1 2025, reflecting the impact of reduced scale effects [5] - The net profit margin for 2024 was 10.30%, which dropped to 2.70% in Q1 2025, showing significant pressure on profitability [5]

Group 1 - Northern Rare Earth (600111.SH) reported a Q4 net profit of 1.004 billion yuan, the highest quarterly profit for the year, with a 53.5% growth target for total profit in 2025. The 2024 revenue was 32.966 billion yuan, down 1.58% year-on-year, and net profit decreased by 57.64% due to falling rare earth product prices, despite an increase in sales volume of major products. The company is advancing green smelting upgrades and is awaiting an industry turnaround as rare earth prices are at a low point [3][4]. - Xiamen Xiangyu (600057.SH) achieved a revenue of 366.7 billion yuan in 2024, a decrease of 20.12% year-on-year, with a net profit of 1.419 billion yuan, down 9.86%. The decline in revenue was influenced by falling commodity prices, although overall operating volume remained stable year-on-year [3][4]. - Zhenan Technology (300767.SZ) reported a revenue of 420 million yuan and a net profit of -140 million yuan for 2024, compared to 690 million yuan and -40 million yuan in the previous year. In Q4 2024, the company achieved a revenue of 100 million yuan and a net profit of -80 million yuan [4]. - Zhenyu Technology (300953.SZ) saw a revenue increase of 18.45% to 7.129 billion yuan in 2024, with a net profit of 254 million yuan, up 493.77%. The company proposed a cash dividend of 2.1 yuan per share and a stock bonus of 4 shares for every 10 shares held [4]. - Yingweitong (002334.SZ) reported a Q1 2025 revenue of 840 million yuan, down 11% year-on-year and 29% quarter-on-quarter, with a net profit of 35 million yuan, down 26% year-on-year and 74% quarter-on-quarter [4]. Group 2 - Jiangxin Home (301061.SZ) achieved a revenue of 2.55 billion yuan in 2024, an increase of 32.6% year-on-year, with a net profit of 680 million yuan, up 67.6%. In Q4 2024, the revenue was 700 million yuan, a year-on-year increase of 49.8%, and net profit was 250 million yuan, up 197.2% [5]. - Ziyan Food (603057.SH) reported a revenue of 3.363 billion yuan in 2024, down 5.28% year-on-year, with a net profit of 346 million yuan, up 4.50%. In Q1 2025, the revenue was 564 million yuan, down 18.86% year-on-year, and net profit was 15 million yuan, down 71.80% [6].

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 今 日 聚 焦 【北方稀土（600111.SH）】Q4归母净利润为全年单季最高，2025年生产经营目标利润总额增长53.5%—— 2024年报点评 北方稀土公布2024年报，公司2024年实现营业收入329.66亿元，同比-1.58%；实现归母净利润10.04亿元， 同比-57.64%。2024年业绩下滑主要系稀土产品价格下跌，但公司主要品种销量均增长。推进绿色冶炼升 级改造项目，2025年主要生产经营目标再有提升。稀土价格位于底部区间，静待行业反转。 （王招华/马俊）2025-04-23 震裕科技24年营收71.29亿元，同比增长18.45%；归母净利润2.54亿元，同比增长493.77%；扣非归母 净利润2.31亿元，同比增长252 ...

2025 年 4 月 22 日 公司研究 收入降幅有所扩大，门店端压力持续 ——紫燕食品（603057.SH）2024 年年报及 2025 年一季报业绩点评 要点 事件：紫燕食品公布 2024 年年报和 2025 年一季报，2024 年全年实现营业收入 33.63 亿元，同比-5.28%；归母净利润 3.46 亿元，同比+4.50%；扣非归母净利 润 2.81 亿元，同比+1.28%。其中，24Q4 单季度实现营业收入 6.76 亿元，同比 -7.88%；归母净亏损 249 万元，上年同期为亏损 992 万元；扣非归母净亏损 2028 万元，上年同期为亏损 1524 万元。25Q1 单季度实现营业收入 5.64 亿元，同比 -18.86%；归母净利润 1522 万元，同比-71.80%；扣非归母净利润 500 万元， 同比-87.09%。 各品类不同程度承压，外埠市场有所收缩。受终端消费需求及其他业态冲击影响， 公司门店端业务阶段性承压，鲜货类产品 2024 年实现营业收入 28.04 亿元，同 比-6.65%。其中夫妻肺片/整禽类/香辣休闲分别实现收入 9.91/8.01/2.92 亿元， 同比-9.84% ...

登录新浪财经APP 搜索【信披】查看更多考评等级 四、本次回购注销对公司的影响 公司回购注销部分限制性股票，不会对公司的财务状况和经营成果产生重大影响，不会影响公司核心骨 干人员的稳定性，不影响本激励计划的继续实施。 五、监事会意见 监事会认为：公司本次因激励对象离职及公司层面业绩考核不达标而回购注销746,750股限制性股票， 符合《上市公司股权激励管理办法》等相关法律、法规以及公司《2024年限制性股票激励计划（草 案）》的相关规定，本次回购注销部分限制性股票的审议程序合法、合规，不会对公司的日常经营产生 重大影响，不存在损害公司及股东利益的情形，同意公司本次回购注销部分限制性股票事项。 六、法律意见书的结论性意见 君合律师事务所上海分所认为：综上所述，截至本法律意见书出具之日:公司本次回购注销事项已经取 得现阶段必要的批准与授权，符合《公司法》、《证券法》、《管理办法》、《公司章程》以及《激励 计划》的相关规定。公司应及时履行信息披露义务并按照《公司法》等法律、法规和规范性文件办理减 少注册资本和股份注销登记等手续。 特此公告。 上海紫燕食品股份有限公司董事会 2025年4月18日 证券代码：60305 ...

Core Viewpoint - Shanghai Ziyan Food Co., Ltd. reported a revenue of 3.363 billion yuan and a net profit of 346 million yuan for 2024, showing a year-on-year growth of 4.5%, positioning itself favorably in a slowing restaurant industry [1] Group 1: Financial Performance - The company achieved a revenue of 3.363 billion yuan and a net profit of 346 million yuan, with a net profit growth of 4.5% year-on-year [1] - The company’s performance is notable given the overall slowdown in the restaurant industry and declining consumer spending in first and new-tier cities [1] Group 2: Product Innovation - Ziyan Food's product performance is driven by R&D innovation, with R&D investment increasing by 91.78% year-on-year [2] - The company launched localized products such as "Little Fat Bucket" and "Spicy Rabbit Legs" to cater to young consumers, ensuring quality control through a comprehensive internal tasting process [2] - Collaborations with retailers like Costco and Sam's Club have expanded the product ecosystem, enhancing market presence [2] Group 3: Supply Chain Management - The company is enhancing its supply chain through automation and the use of IoT, big data, and AI to improve cold chain logistics [3] - Strategic partnerships with suppliers like Charoen Pokphand Group and long-term collaborations with major suppliers ensure quality and cost control of raw materials [3] Group 4: Market Strategy - Ziyan Food is focusing on expanding its brand presence in non-first-tier cities through initiatives like the "Super Development City Plan" and "Campus Special Channel Strategy" [4] - The company plans to open 350 new university stores by 2025, capitalizing on high foot traffic and consumer spending in these locations [4] - Internationally, Ziyan Food is expanding into markets like Melbourne, with plans to enter Sydney and Brisbane, aiming for global growth [4] Group 5: Strategic Focus - The current strategic focus remains on "scale first," with expectations for profitability to be released by 2025 through product differentiation and channel penetration [5] - Long-term, the company aims to balance scale expansion with profitability quality, leveraging R&D innovation and supply chain efficiency as dual engines for sustainable growth [5]

Group 1 - The actual controller, chairman, and CEO of Juran Smart Home, Wang Linpeng, has been detained, but the company's operations remain normal and unaffected [1] - Juran Smart Home reported a total revenue of 12.966 billion yuan in 2024, a decrease of 4.04% year-on-year, and a net profit of 883 million yuan, down 32.08% year-on-year, primarily due to economic fluctuations and increased competition in the home furnishing market [3][4] Group 2 - China Bank plans to raise up to 165 billion yuan through a private placement of A-shares, with the funds aimed at increasing its core tier one capital [4] - The issuance price for China Bank's shares is set at 6.05 yuan per share, which is 80% of the average trading price over the previous 20 trading days [4] - The Bank of Communications also plans to raise up to 120 billion yuan through a private placement, with the funds also designated for core tier one capital [5] Group 3 - SANY Heavy Industry reported a total revenue of 78.383 billion yuan in 2024, an increase of 5.9% year-on-year, and a net profit of 5.975 billion yuan, up 31.98% year-on-year [6][7] - The company's international main business revenue reached 48.513 billion yuan, accounting for 63.98% of total revenue, with significant growth in various regions [6][8] - SANY Heavy Industry has established 37 lighthouse factories and is recognized for its advanced smart manufacturing capabilities [8] Group 4 - East China Pharmaceutical achieved a total revenue of 41.906 billion yuan in 2024, a growth of 3.16%, and a net profit of 3.512 billion yuan, up 23.72% year-on-year [10][11] - The company has a robust pipeline of over 80 innovative drugs, focusing on diabetes and oncology [11][12] Group 5 - EVE Energy reported a total revenue of 48.615 billion yuan in 2024, a slight decrease of 0.35%, with a net profit of 4.076 billion yuan, an increase of 0.63% [13][14] - The company has seen significant growth in its energy storage business, with a shipment volume of 50.45 GWh, a year-on-year increase of 91.90% [15] Group 6 - China Unicom reported a revenue of 103.35 billion yuan in Q1 2025, a growth of 3.9%, and a net profit of 2.61 billion yuan, up 6.5% year-on-year [19] - Lens Technology achieved a revenue of 17.063 billion yuan in Q1 2025, a growth of 10.10%, with a net profit of 429 million yuan, up 38.71% year-on-year [20] Group 7 - Fuyao Glass reported a revenue of 9.910 billion yuan in Q1 2025, a growth of 12.16%, with a net profit of 2.030 billion yuan, up 46.25% year-on-year [21] - Zhuye Group reported a revenue of 4.803 billion yuan in Q1 2025, a growth of 8.50%, with a net profit of 277 million yuan, up 74.07% year-on-year [23] Group 8 - Cailong Technology reported a net profit growth of 87.55% in 2024, with total revenue of 11.664 billion yuan [32] - Ziyan Food reported a revenue of 3.363 billion yuan in 2024, with a net profit growth of 4.5% [33] Group 9 - Shunyi Environmental reported a revenue of 12.678 billion yuan in 2024, with a net profit growth of 41.58% [35] - Shougang Group turned a profit in Q1 2025, reporting a revenue of 26.533 billion yuan, down 10.18%, with a net profit of 328 million yuan [36] Group 10 - Keda Li reported a revenue of 12.030 billion yuan in 2024, with a net profit growth of 22.55% [38] - Betta Pharmaceuticals reported a revenue of 2.892 billion yuan in 2024, with a net profit growth of 15.67% [40] Group 11 - New Australia reported a revenue of 4.841 billion yuan in 2024, with a net profit growth of 5.96% [41] - Fawer reported a revenue of 16.468 billion yuan in 2024, with a net profit growth of 11.93% [42] Group 12 - Zhongwei Company reported a revenue of 9.065 billion yuan in 2024, with a net profit decrease of 9.53% [43] - Changying Precision reported a revenue of 16.934 billion yuan in 2024, with a net profit growth of 800% [44] Group 13 - Stanley reported a revenue of 10.263 billion yuan in 2024, with a net profit growth of 17.89% [45] - Puyang reported a revenue of 5.192 billion yuan in 2024, with a net profit decrease of 45.48% [46] Group 14 - Huangshi Group received a notice of administrative penalty for failing to disclose significant contracts, with potential fines for the company and responsible individuals [47] - Baosteel announced plans to acquire a 49% stake in Maanshan Steel through a combination of cash purchases and capital increases, with an estimated total investment of 9 billion yuan [48][49] Group 15 - Shengquan Group reported a revenue of 2.459 billion yuan in Q1 2025, with a net profit growth of 50.46% [50]

证券代码：603057 证券简称：紫燕食品 公告编号：2025-028 上海紫燕食品股份有限公司 关于召开 2024 年年度股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年年度股东大会 召开的日期时间：2025 年 5 月 8 日 13 点 00 分 召开地点：上海市闵行区申南路 215 号 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2025年5月8日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 5 月 8 日 至 2025 年 5 月 8 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9: ...

证券代码：603057 证券简称：紫燕食品 公告编号：2025-012 一、 监事会会议召开情况 上海紫燕食品股份有限公司（以下简称"公司"）第二届监事会第九次会议 于 2025 年 4 月 16 日以通讯方式召开。会议通知已于 2025 年 4 月 6 日送达各位 监事。本次会议应出席监事 3 人，实际出席监事 3 人，由公司监事会主席叶豪英 女士主持。会议召开符合《中华人民共和国公司法》和《上海紫燕食品股份有限 公司章程》的有关规定。 二、监事会会议审议情况 （一）审议通过《2024年度监事会工作报告》 表决结果：3 票同意，0 票反对，0 票弃权。 本议案尚需提交 2024 年年度股东大会审议。 上海紫燕食品股份有限公司 第二届监事会第九次会议决议公告 本公司监事会及全体监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。 （二）审议通过《2024年度财务决算报告》 表决结果：3 票同意，0 票反对，0 票弃权。 本议案尚需提交 2024 年年度股东大会审议。 （三）审议通过《2024年度利润分配预案》 公司 2024 年度利润分配方案符合《公 ...

证券代码：603057 证券简称：紫燕食品 公告编号：2025-011 上海紫燕食品股份有限公司 第二届董事会第十次会议决议公告 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。 一、董事会会议召开情况 上海紫燕食品股份有限公司（以下简称"公司"）第二届董事会第十次会议 于 2025 年 4 月 16 日以现场结合通讯的会议方式在公司会议室召开。会议通知已 于 2025 年 4 月 6 日送达各位董事。本次会议应到董事 9 人，实到董事 9 人。会 议由董事长戈吴超先生主持，公司监事及高级管理人员列席本次会议。董事会的 召开符合《中华人民共和国公司法》和《上海紫燕食品股份有限公司章程》的有 关规定。 二、董事会会议审议情况 （一）审议通过《2024年度董事会工作报告》 表决结果：9 票同意，0 票反对，0 票弃权。 本议案尚需提交 2024 年年度股东大会审议。 （二）审议通过《2024年度总经理工作报告》 表决结果：9 票同意，0 票反对，0 票弃权。 （三）审议通过《2024 年度财务决算报告》 表决结果：9 票同意，0 票 ...