证券代码：603288 证券简称：海天味业 公告编号： 2024-045 佛山市海天调味食品股份有限公司 关于召开 2024 年第三季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： 投资者可于 2024 年 10 月 25 日(星期五) 至 10 月 31 日(星期四)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 OBD@haday.cn 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。 佛山市海天调味食品股份有限公司（以下简称"公司"）将于 2024 年 10 月 29 日发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解 公司 2024 年第三季度的经营成果、财务状况，公司计划于 2024 年 11 月 01 日 下午 14:00-15:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进 行交流。 一、 说明会类型 财务负责人：李军先生 独立董事：屈文洲先生 (如会议当天有特殊情况，公司参会人员可能进行调整) 本次 ...

证券代码：603288 证券简称：海天味业 公告编号：2024-044 类型：其他股份有限公司（上市） 成立日期：2000 年 04 月 08 日 法定代表人：程雪 住所：佛山市文沙路 16 号 佛山市海天调味食品股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 佛山市海天调味食品股份有限公司（以下称"公司"）2024 年第一次临时股 东大会、第六届董事会第一次会议以及第六届监事会第一次会议，分别选举产生 了第六届董事会成员、第六届监事会成员、第六届董事会董事长和第六届监事会 主席，聘任了新一届高级管理人员。具体内容详见公司 2024 年 9 月 20 日于上海 证券交易所网站(www.sse.com.cn)披露的临时公告。 近日，公司完成了上述事项的工商变更登记备案手续，并取得佛山市市场监 督管理局换发的《营业执照》，变更后的《营业执照》登记的相关信息如下： 名称：佛山市海天调味食品股份有限公司 统一社会信用代码：91440600722448755D 注册资本：伍拾伍亿陆 ...

理想 L6 明年冲击 3 万月产能，投资 1 亿元扩产。 10 月 15 日，理想汽车（2015.HK）供应链副总裁孟庆鹏在公司百万辆整车下线活动后的一场群访 中告诉我们，公司决定明年冲刺每月生产 3 万辆 L6。据他介绍，当前理想 L6 每月生产 2.6 多万 辆，理想工厂和供应商产能已经基本打满。产能迈过 3 万辆的节点大概率在明年新的改款以后，自 身工厂预计投资 1 亿多元，大约 3-5 家现在达到产能瓶颈的供应商也需要投资。 名字叫 "24H 超级店"，计划年内开 800 家，提前备货不打烊。消费者线上下单，最快 30 分钟送 达。美团（3690.HK）核心本地商业 CEO 王莆中和名创优品 CEO 叶国富都去了签约现场。今年 1 月至今，名创已经开了 500 家 24H 超级店，累计销售额破亿元。 名创优品和美团合作闪电仓。 同期收入下滑了约 15%、至 430 亿元。中免（601888.SH）称由于国内消费增长放缓、消费意愿不 足，经营面临诸多困难和挑战。不过受益于国际客运量增加，出入境免税门店的收入大幅增长。 据媒体援引知情人士，海天味业（603288.SH）正考虑在香港二次上市、可能筹集至少 ...

佛山市海天调味食品股份有限公司 关于 2024 年员工持股计划非交易过户完成的公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、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。 证券代码：603288 证券简称：海天味业 公告编号：2024-043 佛山市海天调味食品股份有限公司（以下简称"公司"或"海天味业"）分 别于 2024 年 8 月 29 日召开的第五届董事会第九次会议、2024 年 9 月 19 日召开 的 2024 年第一次临时股东大会，审议通过了《关于＜公司 2024 年-2028 年员工 持股计划（草案）＞及其摘要的议案》等相关议案，同意公司实施 2024 年员工 持股计划。具体内容见公司于 2024 年 8 月 30 日、2024 年 9 月 20 日在上海证券 交易所网站(www.sse.com.cn)披露的相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》及《上海证券交易 所上市公司自律监管指引第 1 号—规范运作》等相关规定，现将 2024 年员工持 股计划实施的相关情况公告如下： 2024 年员工持股计划的股份来源为受让海天味业回购专用 ...

| 回购方案首次披露日 | 2023 年 31 日 | 10 | 月 | | --- | --- | --- | --- | | 回购方案实施期限 | 自公司董事会审议通过本次回购方案之日起 12 个月内 | | | | 预计回购金额 | 50,000 万元~80,000 万元 | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | □用于转换公司可转债 | | | | | □为维护公司价值及股东权益 | | | | 累计已回购股数 | 15,289,491 股 | | | | 累计已回购股数占总股本比 | 0.2750% | | | | 例 | | | | | 累计已回购金额 | 56,364.933741 万元 | | | | 实际回购价格区间 | 33.05 元/股~41.81 元/股 | | | 一、 回购股份的基本情况 证券代码：603288 证券简称：海天味业 公告编号：2024-042 佛山市海天调味食品股份有限公司 关于股份回购进展公告 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 ...

Investment Rating - Maintain "Overweight" rating with a target price of CNY 49.08 [3] - The current price is CNY 38.32, indicating potential upside [3] Core Views - The condiment industry shows resilience with a 3% YoY growth in 2023, driven by health-focused products and compound condiments [3] - The industry is experiencing accelerated concentration, with leading brands gaining market share [3] - The company is undergoing supply chain reforms to achieve double-digit growth in revenue and profit during its "Five-Year Plan" [3] - The company has launched an employee stock ownership plan (2024-2028) to incentivize core employees, which is expected to drive long-term growth [3] Financial Performance - Revenue is expected to grow from CNY 24.56 billion in 2023 to CNY 35.60 billion in 2026, with a CAGR of 12.0% to 15.5% [8] - Net profit is projected to increase from CNY 5.63 billion in 2023 to CNY 8.40 billion in 2026, with a CAGR of 10.8% to 17.3% [8] - EPS is forecasted to rise from CNY 1.01 in 2023 to CNY 1.51 in 2026 [8] - ROE is expected to remain stable, ranging from 19.5% to 20.6% from 2024 to 2026 [8] Market Data - The company's market capitalization is CNY 201.74 billion [4] - The 52-week price range is CNY 33.34 to CNY 42.17 [4] - The P/E ratio is 37.87x based on the current price and latest diluted shares [8] Industry Trends - The condiment industry is benefiting from structural changes, with health-focused products and compound condiments gaining traction [3] - Leading brands are leveraging their nationwide distribution networks and brand advantages to consolidate market share [3] Strategic Initiatives - The company is focusing on supply chain reforms, including cost reduction, product innovation, and channel optimization [3] - The employee stock ownership plan aims to align the interests of core employees with the company's long-term growth objectives [3]

上述 3 位管理委员会委员均不是持有公司 5%以上股份的股东、实际控制人 以及公司董事、监事和高级管理人员。 特此公告。 佛山市海天调味食品股份有限公司 关于 2024 年员工持股计划管理委员会成员的公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、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。 2024 年 9 月 23 日，佛山市海天调味食品股份有限公司（以下简称"公司"） 2024 年员工持股计划召开持有人会议。会议同意设立 2024 年员工持股计划管理 委员会，管理委员会成员由陈建义先生、曹涛先生、黄红梅女士担任，任期为 2024 年员工持股计划的存续期。 同日，公司召开 2024 年员工持股计划管理委员会第一次委员会议，选举陈 建义先生为 2024 年员工持股计划管理委员会主任委员，任期为 2024 年员工持股 计划的存续期。 证券代码：603288 证券简称：海天味业 公告编号：2024-041 备查文件： 佛山市海天调味食品股份有限公司董事会 二〇二四年九月二十五日 1、海天味业 2024 年员工持股计划首次持有人会议决议 2、海天味业 2024 年员工持股计 ...

上 市 公 司 证 券 研 究 报 告 食品饮料 2024 年 09 月 23 日 海天味业 (603288) ——新团队顺利交接 中长期多元化推进 报告原因：有信息公布需要点评 增持（维持）投资要点： ⚫ 事件：公司上周召开股东大会，并发布董监高换届与聘任的公告。 | --- | --- | |-------------------------------------------|-------------------------------| | 市场数据： | 2024 年 09 月 20 日 | | 收盘价（元） | 35.92 | | 一年内最高/最低（元） | 42.60/33.02 | | 市净率 | 7.1 1.84 | | 息率（分红 / 股价） | 199,737 | | 流通 A 股市值（百万元） 上证指数/深证成指 | 2,736.81/8,075.14 | | | | | --- | --- | |-------------------------------|-------------------------------| | | | | 基础数据 : | 2024 年 06 月 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company has successfully completed its leadership transition, establishing a clear medium to long-term plan [2] - The new leadership team has extensive experience within the company, which is expected to stabilize operations [2] - The seasoning industry is experiencing slow growth, but structural opportunities are emerging, with the company aiming for double-digit growth [2] - The company has a clear development path, focusing on balancing revenue and profit growth through supply chain optimization and product diversification [2] - The company's performance in H1 2024 exceeded expectations, with cost advantages improving profitability [2] - The revenue forecast for 2024-2026 is set at 275.9 billion, 305.7 billion, and 336.83 billion yuan, with net profit expectations of 62 billion, 70 billion, and 77 billion yuan respectively [2] Financial Summary - Total revenue for 2022 was 25,610 million yuan, with a forecasted increase to 27,585 million yuan in 2024, representing a 12.32% year-on-year growth [1][2] - The net profit for 2022 was 6,198 million yuan, expected to rise to 6,194 million yuan in 2024, reflecting a 10.09% year-on-year growth [1][2] - The latest diluted EPS is projected to be 1.11 yuan per share in 2024, with a P/E ratio of 32.25 [1][2] - The company aims to maintain a gross margin of approximately 35% over the forecast period [9]

Investment Rating - Buy (Maintained) [2] Core Views - The company has launched a 2024-2028 employee stock ownership plan, involving no more than 800 participants, with funding sources including employee legal income and company incentive funds The 2024 plan is funded by a special incentive fund of 18435 million yuan, with a performance target of at least 10 8% YoY growth in net profit attributable to the parent company (excluding the impact of share-based payment expenses) [2] - The seasoning industry has shifted from medium-high growth to medium-low growth, showing resilience and structural opportunities in areas such as health-oriented and compound seasonings The company is adapting to fragmented marketing scenarios, expanding online and gifting demand, and transforming scale advantages into manufacturing advantages and network advantages into user advantages [2] - The company is continuously optimizing its product portfolio, developing vinegar and cooking wine categories, and promoting health-oriented and differentiated products to empower the development of compound seasonings [2] - The company has adjusted its 2024-2026 EPS forecasts to 1 12/1 23/1 34 yuan (previously 1 12/1 21/1 30 yuan), with current stock price corresponding to PE ratios of 32/29/27 times, maintaining a "Buy" rating [2] Financial Forecasts - Revenue is expected to grow from 24559 million yuan in 2023 to 32823 million yuan in 2026, with growth rates of -4 1%, 12 0%, 9 7%, and 8 7% respectively [3] - Net profit attributable to the parent company is expected to grow from 5627 million yuan in 2023 to 7477 million yuan in 2026, with growth rates of -9 2%, 10 8%, 9 9%, and 9 2% respectively [3] - Diluted EPS is forecasted to be 1 01, 1 12, 1 23, and 1 34 yuan for 2023-2026, with ROE remaining stable at around 19 4%-19 8% [3] - Gross margin is expected to slightly increase from 34 7% in 2023 to 35 2% in 2026, while net margin is projected to remain stable at around 22 7%-23 0% [4] Strategic Initiatives - The company is focusing on optimizing its supply chain and strategic layout, leveraging digital tools to empower distributors and enhance market penetration [2] - Efforts are being made to clear out underperforming distributors and improve profitability through team expansion and user resource accumulation [2] - The company is advancing stable growth in the catering channel by leveraging cost leadership advantages [2] - Product development is centered around expanding beyond soy sauce, oyster sauce, and soybean paste, with a focus on vinegar, cooking wine, and health-oriented categories [2]