Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - The report indicates that over 21% of the secretaries earn more than 1 million yuan annually [1] Salary Overview - The average salary for secretaries in the leisure food industry is 727,300 yuan, slightly below the market average [1] - Five secretaries have annual salaries exceeding 1 million yuan, with the highest being 1.5066 million yuan for the secretary of Three Squirrels, followed by 1.3875 million yuan for the secretary of Lihigh Foods [4] - The lowest salary recorded is 31,700 yuan for the secretary of Maiqu'er, with two secretaries earning below 400,000 yuan [6] Demographics - The majority of secretaries are aged between 40 and 50 years, accounting for 39% of the total [1] - Educational background shows that 43% hold a master's degree, while 57% have a bachelor's degree [3] Salary Changes - Ten secretaries received salary increases, with the highest increase of 297,800 yuan for the secretary of Three Squirrels [6] - Six secretaries experienced salary reductions, with the largest decrease being 176,600 yuan for the secretary of Haoxiangni [6]

Group 1 - The total salary of A-share listed company secretaries in 2024 reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - In the leisure food industry, the average salary of secretaries from 27 listed companies is 727,300 yuan, slightly below the market average [1] - The age group of 40 to 50 years old constitutes the majority, accounting for 39%, while those aged 50 and above and 30 to 40 years old each account for 30% [1] Group 2 - Five secretaries have an annual salary exceeding 1 million yuan, with the highest being Pan Daowei from Three Squirrels at 1.5066 million yuan [5] - The youngest secretary is Wang Shijia from Lihigh Food, aged 33, with a salary of 1.3875 million yuan [1][5] - The lowest salary recorded is 31,700 yuan for Yao Xue from Maiqu'er, followed by Liu Yucan from Youyou Food at 215,700 yuan [6] Group 3 - Ten secretaries received salary increases last year, with the highest increase being 297,800 yuan for Pan Daowei from Three Squirrels [6] - Six secretaries experienced salary reductions last year, with the largest decrease being 176,600 yuan for Dou Yanyan from Haoxiangni [6] - The average salary of secretaries with a master's degree is 43%, while those with a bachelor's degree account for 57% [3]

Group 1 - The total salary of CFOs in A-share listed companies for 2024 reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - The average salary of CFOs in the leisure food industry, consisting of 27 listed companies, is 727,300 yuan, slightly below the market average [1] - The highest-paid CFO is from Three Squirrels, with a salary of 1.5066 million yuan, followed by the CFO of Lihigh Foods at 1.3875 million yuan [6] Group 2 - The age group of 40 to 50 years old constitutes the majority of CFOs, accounting for 39% [3] - The educational background of CFOs shows that 43% hold a master's degree, while 57% have a bachelor's degree [5] - Five CFOs have an annual salary exceeding 1 million yuan, with the lowest salary recorded at 31,700 yuan for the CFO of Maiqu'er [7] Group 3 - Ten CFOs received salary increases last year, with the highest increase being 297,800 yuan for the CFO of Three Squirrels [7] - Six CFOs experienced salary reductions last year, with the largest decrease being 176,600 yuan for the CFO of Haoxiangni [7]

Core Viewpoint - The leisure food sector experienced a decline of 0.36% on August 8, with Lihigh Food leading the drop. The Shanghai Composite Index closed at 3635.13, down 0.12%, while the Shenzhen Component Index closed at 11128.67, down 0.26% [1]. Group 1: Stock Performance - Ziyan Food (603057) saw a closing price of 22.35, with an increase of 3.28% and a trading volume of 86,300 shares, amounting to a transaction value of 193 million yuan [1]. - Huangshanghuang (002695) closed at 14.99, up 3.09%, with a trading volume of 223,500 shares and a transaction value of 331 million yuan [1]. - Maichuer (002719) closed at 10.05, increasing by 2.45%, with a trading volume of 126,800 shares and a transaction value of 126 million yuan [1]. - Lihigh Food (300973) closed at 43.30, down 4.05%, with a trading volume of 32,800 shares and a transaction value of 143 million yuan [2]. - Yanjinpuzi (002847) closed at 70.82, down 2.77%, with a trading volume of 30,300 shares and a transaction value of 215 million yuan [2]. Group 2: Capital Flow - The leisure food sector saw a net inflow of 49.32 million yuan from main funds, while speculative funds had a net inflow of 8.76 million yuan. However, retail investors experienced a net outflow of 58.08 million yuan [2].

Market Overview - The leisure food sector increased by 2.84% on August 7, with Wancheng Group leading the gains [1] - The Shanghai Composite Index closed at 3639.67, up 0.16%, while the Shenzhen Component Index closed at 11157.94, down 0.18% [1] Key Performers - Wancheng Group (300972) closed at 160.01, up 8.44% with a trading volume of 48,300 lots and a transaction value of 764 million [1] - Ximai Food (002956) closed at 22.52, up 6.28% with a trading volume of 81,300 lots and a transaction value of 180 million [1] - Juewei Food (603517) closed at 16.20, up 6.02% with a trading volume of 278,800 lots and a transaction value of 438 million [1] - Ziyan Food (603057) closed at 21.64, up 4.84% with a trading volume of 45,000 lots and a transaction value of 9.51 million [1] - Liangpin Shop (603719) closed at 13.43, up 3.63% with a trading volume of 256,700 lots and a transaction value of 344 million [1] Capital Flow - The leisure food sector saw a net inflow of 329 million from main funds, while retail funds experienced a net outflow of 298 million [2][3] - Main funds showed significant net inflows in Wancheng Group (1.18 million) and Juewei Food (73.08 million) [3] - Retail funds had notable outflows in Wancheng Group (-1.33 million) and Juewei Food (-4.99 million) [3] Summary of Individual Stocks - Wancheng Group: Main fund inflow of 1.18 million, retail outflow of -1.33 million [3] - Juewei Food: Main fund inflow of 73.08 million, retail outflow of -4.99 million [3] - Liangpin Shop: Main fund inflow of 52.97 million, retail outflow of -4.61 million [3] - Ximai Food: Main fund inflow of 12.45 million, retail inflow of 721,530 [3]

Core Viewpoint - The article discusses the complexities and challenges faced by suppliers partnering with Sam's Club, highlighting both the potential benefits and risks associated with such collaborations [1][3][10]. Supplier Performance - At least 18 domestic listed food companies have partnered with Sam's Club, with many entering in the last two years [3] - Some suppliers, like Youyou Food, have seen significant revenue increases after entering Sam's Club, with projected revenue for the first half of 2025 expected to rise by 40.91% to 50.77% [4][6] - Conversely, other suppliers have struggled, with companies like Ganyuan Food experiencing a decline in net profit by 54.96% to 56.16% in the first half of the year [9] Market Dynamics - The entry of Youyou Food into Sam's Club marked a turnaround for the company, which had seen declining revenues in 2022 and 2023 [6][5] - Sam's Club's reputation for high quality and cost-effectiveness provides a branding advantage for suppliers, but long-term success depends on customer feedback and repurchase rates [6][10] Financial Implications - Suppliers face challenges such as long payment terms and increased accounts receivable, with Youyou Food's accounts receivable rising 18 times from the previous year [8] - The pressure to lower prices for Sam's Club can lead to reduced profit margins for suppliers, as seen with Qiaqia Food, which reported a decline in gross margin despite increased revenue from direct sales [7][9] Supplier Challenges - Suppliers must invest in product development to meet Sam's Club's stringent quality standards, which can be a burden for smaller companies [10] - Sam's Club's strict entry requirements and product exclusivity can limit suppliers' ability to sell similar products through other channels, creating dependency on Sam's Club [10]

公告中提及，赵英的持股由5001万股减少至4573万股，变动前比例为11.69%，变动后比例为10.69%。 其一致行动人鹿有忠、鹿新、鹿有贵、鹿有明的持股比例保持不变。本次权益变动不会导致公司控股股 东、实际控制人发生变化，也不会对公司治理结构及持续经营产生重大影响。 北京商报讯（记者 郭秀娟 实习记者 王悦彤） 8月5日，有友食品发布公告称，公司实际控制人赵英于 2025年7月25日至2025年8月5日期间，通过大宗交易及集中竞价方式减持公司股份428万股，占公司总股 本的1.00%。此次权益变动后，赵英及其一致行动人合计持股比例由69.00%减少至68.00%。本次减持符 合此前披露的减持计划，不触及要约收购。 ...

编辑丨骆一帆 不久前，山姆上架好丽友、溜溜梅、卫龙等产品引发舆论风波，被吐槽"选品不上心"（回顾→山姆上新，会员吵翻）。山姆背 后的中国供应商，也受到较大关注。 据21世纪经济报道记者不完全统计，目前与山姆有合作关系的国内上市食品类企业至少有18家，大部分企业为近两年新入驻。 | 供应商 | 入驻时间 | 产品 | | --- | --- | --- | | 立高食品 | 2025年1月 | 奶油小方、无花果乳酪欧包、芋泥麻薯包、香肠芝士面包、瑞士卷等 | | 盐津铺子 | 2024年6月 | 脱骨鸭掌 | | 有友食品 | 2024年7月 | 轻享时光蔬菜包、酸汤脆软骨、掌中宝 | | 五方向 | 2025年4月 | 软心玉米团 | | 周黑鸭 | 2025年3月 | 周黑鸭经典卤料包和周黑鸭风味鸭肉酱 | | 妙可蓝多 | 2025年5月 | KETO牛肉+再制奶酪 | | 九毛九 | 2024年 | 九毛九红焖羊肉煲、西北卤牛腿拌凉皮等 | | 新乳业 | 2025年5月 | 芭乐口味酸奶 | | 农夫山泉 | 2025年5月 | 芥末味夏威夷果、黑金蒜香菜味翡翠豆 | | 甘源食品 | 2021年12 ...

Core Insights - The ongoing controversy surrounding Sam's Club has drawn significant attention to its Chinese suppliers, with at least 18 domestic listed food companies currently collaborating with Sam's, most of which have entered the market in the past two years [1] Supplier Overview - A list of suppliers includes notable companies such as: - Youyou Foods, which saw a revenue surge after launching its "Deboned Duck Feet" product at Sam's [2] - Other suppliers like Yili Group and Nongfu Spring have also entered the market recently, with various products ranging from dairy to snacks [2] - Some suppliers, like Youyou Foods, have experienced substantial revenue growth, while others have struggled with declining profits and brand visibility [2][6] Business Dynamics - Entering Sam's Club can be a double-edged sword for suppliers. While it offers exposure and potential sales growth, it also imposes significant operational challenges [3][7] - Suppliers face long payment terms and increased accounts receivable, as seen with Youyou Foods, which reported an 18-fold increase in accounts receivable due to new customer contracts [7] - The pressure to lower prices for Sam's can lead to reduced profit margins, as evidenced by companies like Qiaqia Foods, which saw a decline in gross margins despite increased revenue from direct channels [8] Performance Metrics - Youyou Foods projected a revenue increase of 40.91% to 50.77% for the first half of 2025, largely attributed to the success of its "Deboned Duck Feet" product [4] - In contrast, Ganyuan Foods reported a significant decline in net profit, down 54.96% to 56.16% in the first half of the year, highlighting the risks associated with entering the Sam's channel [10] Strategic Considerations - Brands must evaluate their operational capabilities before entering Sam's, as the partnership can lead to both short-term gains and long-term challenges, including brand dilution and dependency on a single channel [3][11] - The stringent quality management and product customization requirements imposed by Sam's can create additional burdens for suppliers, particularly smaller companies that may struggle with the associated costs [10][11]

公司实际控制人赵英及其一致行动人鹿有忠、鹿新、鹿有贵、鹿有明保证向本公 司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | 控股股东/实际控制人及其一致行动人 | | --- | --- | | | □其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 证券代码：603697 证券简称：有友食品 公告编号：2025-050 有友食品股份有限公司 关于实际控制人权益变动触及 1%刻度的提示性公告 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | |  | 控股股东/实控人 |  不适用 | | | □ | 控股股东/实控人的一致 | | | 赵英 | 行动人 | | | | | □ | 其他 ...