智通财经APP讯，嘉华股份(603182.SH)发布2025年半年度报告，报告期内，公司实现营业收入6.81亿 元，同比下降12.86%。实现归属于上市公司股东的净利润6229.12万元，同比增长7.79%。实现归属于上 市公司股东的扣除非经常性损益的净利润6176.13万元，同比增长9.34%。基本每股收益0.38元。 ...

格隆汇8月19日丨嘉华股份(603182.SH)公布半年度报告，今年上半年度，公司实现营业收入6.81亿元， 较上年同期减少12.86%，主要原因系受原材料价格影响，产品销售价格同比有所降低，导致销售收入 减少所致；实现归属于上市公司股东的净利润6,229.12万元，较上年同期增长7.79%；实现归属于上市 公司股东的扣除非经常性损益的净利润6,176.13万元，较上年同期增长9.34%。拟向全体股东每股派发 现金红利0.30元。 ...

人民财讯8月19日电，嘉华股份（603182）8月19日晚间披露2025年半年报，公司上半年实现营业收入 6.81亿元，同比下降12.86%；归母净利润为6229.12万元，同比增长7.79%。基本每股收益0.38元。公司 拟向全体股东每股派发现金红利0.3元(含税)。报告期内，营收同比下降主要原因系受原材料价格影响， 产品销售价格同比有所降低，导致销售收入减少所致。 ...

嘉华股份公告，2025年上半年营业收入为6.81亿元，同比下降12.86%。净利润为6229.12万元，同比增 长7.79%。拟向全体股东每股派发现金红利0.3元（含税），合计拟派发现金红利4936.5万元（含税）， 占公司2025年半年度归属于上市公司股东净利润的比例79.25%。 ...

Core Insights - The edible oil industry in China is characterized by a complex supply chain that includes agricultural production, processing, packaging, and sales channels [1] - Major listed companies in the industry include Jinlongyu (300999.SZ), Shenliang Holdings (000019.SZ), and others, with Jinlongyu leading in revenue and market share [1][8] Industry Overview - The edible oil supply chain consists of upstream agricultural production, midstream processing companies, and downstream sales channels [1] - The industry has seen a decline in revenue across most listed companies in 2024, indicating increased competition and market pressure [8][15] Company Performance - Jinlongyu reported a revenue of 238.87 billion yuan in 2024, maintaining a leading position despite a decline of 10.37% in its feed raw materials and oil technology business [8][15] - Shenliang Holdings and Jinlongyu both experienced growth in net profit in Q1 2025, with increases of 42.97% and 11.24% respectively [9][10] - Other companies like Su Kuan Agricultural Development and Jingliang Holdings faced significant revenue declines in 2024 [10] Financial Metrics - As of May 27, 2025, Jinlongyu's total market capitalization reached 165.196 billion yuan, while other companies like Su Kuan Agricultural Development also exceeded 10 billion yuan [9][10] - The profit margins varied significantly among companies, with West King Food achieving a gross margin of 22.86%, while Jinlongyu and Shenliang Holdings reported margins below 3% [18] Business Strategies - Jinlongyu plans to expand into the health industry and enhance its product offerings through technological innovation [22][24] - Jingliang Holdings aims to strengthen its supply chain and marketing strategies to improve its trade business [22][24] - West King Food focuses on brand building and cost control to enhance competitiveness [22][24] Market Dynamics - The overseas revenue distribution among companies is uneven, with West King Food and others relying heavily on international markets, although some have seen declines in overseas sales [20][21] - The edible oil industry is facing challenges due to increased competition and market pressures, leading to varied performance among listed companies [15][18]

转自：前瞻产业研究院 行业主要上市公司：金龙鱼(300999.SZ)、深粮控股(000019.SZ)、金健米业(600127.SH)、京粮控股 (000505.SZ)、道道全(002852.SZ)、嘉华股份(603182.SH)、西王食品(000639.SZ)等 本文核心数据：食用油行业企业成本构成;价格传导机制;食用油行业价值链 1、食用油生产制备中，原材料是最大的成本构成 前瞻统计了中国食用油行业中，四家竞争力较强的上市公司食用油生产成本数据，可以看出，食用油的原材 料成本较高，2024年西王食品植物食用油原料成本占比74.39%，索宝蛋白、金健米业、嘉华股份的食用油 业务原材料成本占比都超过了92%;人工成本相对较低，在0.85%至1.51%不等，制造费用在0.6%至5.9%范围 内波动。 从中国食用油上市企业金健米业食用油产品的成本结构来看，2019-2024年，直接材料的占比在95%水平， 且呈波动上升趋势，表明受原材料价格波动影响较大;包装费用占比波动下滑，从2019年4.76%降至2024年的 3.1%;制造费用整体呈下降趋势，从2019年1.04%降至2024年的0.61%;直接人工费用在0. ...

Group 1 - The core stock price of Jiahua Co., Ltd. (603182) closed at 13.81 yuan on July 11, 2025, reflecting a 2.37% increase from the previous week's closing price of 13.49 yuan [1] - The stock reached a nearly one-year high of 13.95 yuan during intraday trading on July 11, with a low of 13.39 yuan on July 7 [1] - The current total market capitalization of Jiahua Co., Ltd. is 2.272 billion yuan, ranking 21st out of 22 in the agricultural product processing sector and 4851st out of 5149 in the A-share market [1] Group 2 - Jiahua Co., Ltd. plans to use up to 50 million yuan of its own funds for hedging activities related to raw material soybeans [1] - The company will employ various financial instruments, including but not limited to futures, options, forwards, swaps, and combinations thereof, for this hedging strategy [1] - The board of directors has approved this plan, which does not require shareholder meeting approval, and the trading period is set for 12 months from the date of board approval [1]

Core Viewpoint - The company aims to utilize futures and derivatives trading to hedge against significant fluctuations in raw material prices, specifically soybeans, to ensure stable operations and development [1][2][3]. Group 1: Trading Purpose and Instruments - The primary purpose of the trading is to leverage the hedging functions of the futures market to mitigate adverse impacts from raw material price volatility on the company's operations [1][2]. - The trading instruments include futures, options, forwards, swaps, and combinations of these financial tools [1][4]. - The company plans to use its idle self-owned funds for the hedging activities, with a maximum investment of RMB 50 million [2][3]. Group 2: Trading Amount and Sources - The expected maximum balance for margin and premiums related to futures and derivatives trading is set at RMB 50 million, which can be used cyclically within the approval period [2][3]. - The funding for these trading activities will come from the company's own funds, without involving raised capital [3][4]. Group 3: Trading Procedures and Risk Management - The board of directors approved the adjustment of the hedging business on July 10, 2025, which does not require shareholder approval [2][4]. - The company will engage in trading at recognized domestic and foreign exchanges, including the Shanghai Futures Exchange and Dalian Commodity Exchange [3][4]. - A comprehensive risk management system is in place to address potential market, liquidity, operational, and credit risks associated with the trading activities [5][6]. Group 4: Impact on Company Operations - The trading activities are expected to enhance the company's ability to manage raw material price risks effectively, thereby supporting stable operational performance [5][6]. - The accounting treatment for the futures and derivatives trading will comply with relevant financial reporting standards [6].

重要内容提示： 交易目的：为充分利用期货市场的套期保值功能，规避和减少因原材料 价格大幅波动对公司生产经营造成的不利影响，促进公司稳健发展，公司拟使用 部分闲置自有资金开展与生产经营有直接关系的原材料的套期保值业务。 交易品种：主要是与公司生产经营相关的原材料大豆。 证券代码：603182 证券简称：嘉华股份 公告编号：2025-017 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。 交易工具：包括但不限于期货、场内期权、远期、收益互换、场外期权、 外汇远期、掉期、货币互换、利率互换等金融工具及上述金融工具的组合。 交易场所：经依法批准或者核准，具有期货和衍生品交易业务经营资格 的场内交易场所或场外交易机构。 山东嘉华生物科技股份有限公司 关于调整套期保值业务相关事项的公告 交易金额：公司开展期货和衍生品交易业务预计投入的保证金和权利金 最高余额不超过人民币 5,000.00 万元，该额度在审批期限内可循环滚动使用。 履行的审议程序：公司于 2025 年 7 月 10 日召开第六届董事会第四次会 议，审议通过了《关于调整套期保 ...

Core Insights - The article provides a comprehensive overview of the edible oil industry chain in China, detailing its various segments including oilseed cultivation, pressing, refining, packaging, and sales channels [1][5]. Industry Overview - The edible oil industry in China comprises numerous companies, with key producers including Jinlongyu, Shandong Luhua, Shanghai Liangyou, Jingliang Holdings, Jinjian Rice Industry, Xiwang Food, Daodaoquan, and COFCO Technology [2][5]. - The upstream raw materials are sourced from various agricultural enterprises, while downstream consumers include restaurants and e-commerce platforms like JD.com and Alibaba [2]. Regional Distribution - As of May 30, 2025, there are 60,329 registered companies in the edible oil industry chain in China, with Shandong province having the highest number at 5,946, followed by Hunan (5,269), Henan (4,519), and Sichuan (3,762), collectively accounting for 32.3% of the total [5][6]. - The geographical distribution of edible oil companies is closely linked to transportation convenience and agricultural production capabilities [5]. Listed Companies - Among the listed companies in the edible oil sector, 10 have disclosed revenue data related to edible oil, with a concentration in coastal regions. Notable companies include Xiwang Food and Jiahua in Shandong, Daodaoquan and Jinjian Rice Industry in Hunan, and Jinlongyu in Shanghai [6][10]. Industrial Parks - There are nearly 40 industrial parks related to edible oil production in China, primarily located in Sichuan (6 parks), followed by Henan and Zhejiang (4 parks each). Despite Shandong having the most companies, it has only 3 industrial parks, indicating a dispersed nature of edible oil enterprises in the province [10].