以下文章来源于e公司 ，作者证券时报 曾剑 至今一个多月时间，有友食品尚未补缺董秘。 据招聘信息，该董秘职位有九大岗位职责。如：对本部门的所有行政工作负责；防止潜在不符合规章制度行为的发 生；起草本部门行政工作制度和规范；收集、整理和宣传工作相关的信息，包括网络的监督管理等。 后面5项内容看起来和董秘的职责关联性不那么大。 e公司 . e公司，证券时报旗下专注上市公司新媒体产品，立志打造A股上市公司资讯第一平台。提供7x24小时上市公 司标准化快讯，针对可能影响上市公司股价的主题概念、行业事件及时采访二次解读，从投资者需求出发， 直播上市公司有价值的活动、会议。 不限学历！ "泡椒鸡爪第一股"50万年薪招董秘？6年内换了4个人。 证券时报·e公司记者在某招聘平台上看到，重庆市某食品上市公司正在"不限学历"招聘董秘。结合相关信息来看，这 家公司与"泡椒鸡爪第一股"有友食品（603697）较为吻合。 招聘信息显示，该职位薪酬为25K至45K（月薪）。换算成年薪约30万元至54万元。职位办公地点位于重庆市璧山区 璧泉街道，公司行业为食品饮料。联系人为一家广州的人力资源企业。 目前，重庆的食品饮料类上市公司中，涪陵榨 ...

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [4][10]. Core Views - The company is actively innovating to seek new growth points, with a potential turning point in performance growth expected in 2024. The core business of spicy chicken feet is stable, and new product development is showing promising results [4][5]. - The market for spicy chicken feet is large, with significant growth potential as the product evolves towards a more casual consumption style, appealing to younger demographics [4][5]. Summary by Sections Company Overview - The company has been focused on spicy chicken feet for over 20 years, establishing itself as a leading brand in the industry. It has achieved a sales scale of over 1 billion yuan, with a competitive advantage over smaller enterprises [4][23]. - The management structure is stable, with concentrated ownership that supports long-term development. The chairman holds 49.73% of the shares, ensuring strong control over company operations [25][27]. Business Performance - The core business of spicy chicken feet contributes significantly to revenue, accounting for 74.8% of total sales in 2023. The company is also expanding its product line with new offerings like deboned duck feet, which are expected to become a second growth curve [29][5]. - The company is actively pursuing new channels and markets, focusing on both traditional and emerging sales platforms to enhance national expansion [6][4]. Financial Performance - Historical performance has shown fluctuations, with revenue declining from 2015 to 2023 due to macroeconomic factors. However, a recovery is anticipated in 2024, with projected net profits of 1.5 billion yuan, 1.9 billion yuan, and 2.3 billion yuan from 2024 to 2026, reflecting year-on-year growth rates of 26.8%, 30.6%, and 21.1% respectively [11][38]. - The cost of raw materials, particularly chicken feet, significantly impacts profitability, with raw material costs accounting for 81.1% of total operating costs in 2023. The company aims to improve its profit margins as raw material prices stabilize [39][44]. Industry Analysis - The spicy chicken feet market is expected to grow, with the market size projected to reach 222.9 billion yuan by 2023. The demand for this product is driven by changing consumer preferences towards casual and convenient food options [47][50]. - The competitive landscape is fragmented, with many small to medium-sized enterprises. The company stands out as a market leader, with a revenue scale around 1 billion yuan, while the majority of competitors are smaller players [60][64]. Future Trends - The industry is poised for growth as consumer demographics shift towards younger, more diverse preferences for snack foods. The introduction of new flavors and product forms, such as boneless options, is expected to drive further market expansion [65][70]. - Emerging sales channels, including live e-commerce and membership-based supermarkets, are becoming increasingly important for growth, providing new avenues for reaching consumers [73][74].

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [4][10]. Core Views - The company is actively innovating to seek new growth points, with a potential turning point in performance growth expected in 2024. The core business of spicy chicken feet remains stable, and new product development is anticipated to create a second growth curve [4][5]. - The market for spicy chicken feet is large, with significant growth potential as the product evolves towards a more casual consumption style, appealing to a younger demographic [4][47]. Summary by Sections Company Overview - The company has been focused on spicy chicken feet for over 20 years, establishing a strong competitive advantage in the Southwest region. It has achieved a sales scale of approximately 1 billion yuan [4][23]. - The management structure is stable, with a concentrated ownership that supports long-term development [25][27]. Business Performance - The core product, spicy chicken feet, accounted for 74.8% of revenue in 2023, with other products like pig skin jelly and chicken wings contributing to revenue growth [29][32]. - The company is expanding its market presence beyond the Southwest, with significant growth in the East China region, where revenue has increased from 13.4% to 27.4% from 2015 to 2023 [34][36]. Financial Performance - Historical performance has shown volatility, with revenue growth from 7.5 billion yuan in 2015 to 12.2 billion yuan in 2021, but a decline in 2022-2023 due to macroeconomic factors. A recovery is expected in 2024 with a projected revenue increase of 16.8% [38][41]. - Raw material costs, particularly for chicken feet, significantly impact profitability, with raw materials accounting for 81.1% of operating costs in 2023 [39][44]. Industry Analysis - The spicy chicken feet market is expected to grow, with a projected market size of 222.9 billion yuan in 2023, driven by increasing consumer demand and the expansion of the product's appeal [47][50]. - The competitive landscape is fragmented, with many small to medium-sized enterprises, while the company stands out as a leading player with a revenue scale around 1 billion yuan [60][63]. Future Trends - The industry is poised for growth as consumer preferences shift towards more casual and diverse snack options, particularly among younger demographics [65][69]. - New product innovations and the expansion of sales channels, including e-commerce and membership-based supermarkets, are expected to drive future growth [73].

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个别及连带责任。 有友食品股份有限公司于 2024 年 3 月 15 日召开第四届董事会第七次会议及第四届监事会 第七次会议，并于 2024 年 4 月 8 日召开 2023 年年度股东大会，审议通过《关于使用暂时闲 置募集资金进行现金管理的议案》，同意公司（含控股子公司）在不影响募投项目建设和正常 经营业务的前提下，使用总额不超过人民币 13,000 万元的募集资金进行现金管理，使用期限 自 2023 年年度股东大会审议通过之日起 12 个月。在上述使用期限及额度范围内，资金可循 环滚动使用。股东大会授权董事长行使该项投资决策权并签署相关法律文件，具体由公司财务 部负责组织实施。 一、 公司前次使用暂时闲置募集资金购买理财产品到期赎回的情况 有友食品股份有限公司 关于使用暂时闲置募集资金购买理财产品到期赎回 并继续购买理财产品的公告 公司全资子公司重庆有友食品销售有限公司使用暂时闲置募集资金购买了华安证券发行 的理财产品，具体内容详见公司在上海证券交易所网站（www.sse.com.cn） ...

证券代码：603697 证券简称：有友食品 公告编号：2025-007 有友食品股份有限公司 关于使用自有资金购买理财产品的公告 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个别及连带责任。 有友食品股份有限公司于 2024 年 3 月 15 日召开第四届董事会第七次会议及第四届监事会 第七次会议，并于 2024 年 4 月 8 日召开 2023 年年度股东大会，审议通过《关于使用部分自有 资金进行现金管理的议案》，同意在不影响日常经营资金需求和保证资金安全的情况下，公司 （含控股子公司）使用总额不超过人民币 100,000 万元的自有资金进行现金管理，使用期限自 2023 年年度股东大会审议通过之日起 12 个月。在上述使用期限及额度范围内，资金可循环滚 动使用。股东大会授权董事长行使该项投资决策权并签署相关法律文件，具体由公司财务部负 责组织实施。 一、本次委托理财概况 （一）委托理财目的 1 ●委托理财受托方：国泰君安证券股份有限公司（以下简称"国泰君安"） ●本次委托理财金额：2,000 万元 ●委托理财产品名称：国泰君安证券 ...

证券代码：603697 证券简称：有友食品 公告编号：2025-006 有友食品股份有限公司 关于使用自有资金购买理财产品的公告 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个别及连带责任。 有友食品股份有限公司于 2024 年 3 月 15 日召开第四届董事会第七次会议及第四届监事会 第七次会议，并于 2024 年 4 月 8 日召开 2023 年年度股东大会，审议通过《关于使用部分自有 资金进行现金管理的议案》，同意在不影响日常经营资金需求和保证资金安全的情况下，公司 （含控股子公司）使用总额不超过人民币 100,000 万元的自有资金进行现金管理，使用期限自 2023 年年度股东大会审议通过之日起 12 个月。在上述使用期限及额度范围内，资金可循环滚 动使用。股东大会授权董事长行使该项投资决策权并签署相关法律文件，具体由公司财务部负 责组织实施。 一、本次委托理财概况 （一）委托理财目的 为合理利用自有资金，在不影响日常经营资金需求和资金安全的前提下，使用部分自有资 金进行现金管理，以增加股东和公司的投资收益。 （二）资金来源 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Views - The company is positioned as a leading brand in the leisure food sector, particularly in the spicy chicken feet market, and is entering a new growth phase by embracing new sales channels and product innovations [8][16]. - The company has experienced a significant revenue rebound in 2024, with a projected growth trajectory supported by new product launches and channel expansions [22][70]. - The report anticipates that the company will successfully transition from a revenue scale of 1 billion to 2 billion yuan, leveraging its established market presence and operational capabilities [8][70]. Summary by Sections 1. Company Overview and Market Position - The company has evolved through four stages: startup (1987-2005), expansion (2006-2019), exploration (2020-2023), and renewal (2024-present), with a focus on product innovation and channel diversification [8][16][17]. - The core product, spicy chicken feet, peaked at nearly 1 billion yuan in revenue in 2021, representing over 70% of total sales, but has faced challenges due to product aging and market concentration [8][32]. 2. Market Dynamics - The leisure food market, particularly the spicy chicken feet segment, has shown steady growth, with the market size reaching approximately 20 billion yuan, despite some fluctuations due to external factors like the avian flu [55][60]. - The industry remains fragmented, with the leading company holding only about 10% market share, indicating significant room for growth and consolidation [60][62]. 3. Product and Channel Strategy - The company has successfully launched new products, such as the deboned duck feet, which have gained popularity in membership-based supermarkets, contributing to a notable increase in sales [70][72]. - The company is actively expanding its online presence, particularly on platforms like Douyin and Xiaohongshu, to enhance brand visibility and drive sales growth [74][75]. 4. Financial Projections - Revenue forecasts for 2024-2026 are set at 1.2 billion, 1.6 billion, and 1.84 billion yuan, with corresponding growth rates of 25%, 33%, and 15% [1][8]. - The projected net profit for the same period is expected to be 150 million, 190 million, and 240 million yuan, with growth rates of 26%, 33%, and 25% [1][8].

证券代码：603697 证券简称：有友食品 公告编号：2025-004 有友食品股份有限公司 关于使用自有资金购买理财产品的公告 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个别及连带责任。 有友食品股份有限公司于 2024 年 3 月 15 日召开第四届董事会第七次会议及第四届监事会 第七次会议，并于 2024 年 4 月 8 日召开 2023 年年度股东大会，审议通过《关于使用部分自有 资金进行现金管理的议案》，同意在不影响日常经营资金需求和保证资金安全的情况下，公司 （含控股子公司）使用总额不超过人民币 100,000 万元的自有资金进行现金管理，使用期限自 2023 年年度股东大会审议通过之日起 12 个月。在上述使用期限及额度范围内，资金可循环滚 动使用。股东大会授权董事长行使该项投资决策权并签署相关法律文件，具体由公司财务部负 责组织实施。 一、本次委托理财概况 （一）委托理财目的 为合理利用自有资金，在不影响日常经营资金需求和资金安全的前提下，使用部分自有资 金进行现金管理，以增加股东和公司的投资收益。 （二）资金来源 ...

有友食品股份有限公司 公司及公司董事会对梁余先生在任期间所做的工作表示衷心感谢！ 特此公告。 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个别及连带责任。 有友食品股份有限公司(以下简称"公司")董事会近日收到董事会秘书梁余 先生递交的书面辞职报告，梁余先生因个人原因申请辞去公司董事会秘书职务。 辞职后，梁余先生不再担任公司其他职务。 根据相关法律、法规及《公司章程》的规定，梁余先生的辞职报告自送达公 司董事会之日起生效。根据《上海证券交易所股票上市规则》等相关规定，在董 事会秘书空缺期间，公司董事会指定董事、财务总监崔海彬先生代行董事会秘书 职责。公司将按照相关规定，尽快完成董事会秘书的选聘工作。 证券代码：603697 证券简称：有友食品 公告编号：2025-005 关于董事会秘书辞职的公告 有友食品股份有限公司董事会 2025 年 2 月 6 日 ...

Investment Rating - The investment rating for the company is "Buy" (首次) [6] Core Views - The report highlights that Youyou Foods, established in 1997, has developed into a leading player in the leisure pickled food sector, primarily driven by its star product, spicy chicken feet. The management's increasing focus on marketing and market strategies, along with the establishment of dedicated teams for bulk snacks and warehouse membership supermarkets, is expected to contribute to revenue growth through new product categories and channels [3][16][18]. Summary by Sections Company Overview - Youyou Foods has evolved into a leading brand in the leisure pickled food market, particularly known for its spicy chicken feet, which accounts for over 70% of its revenue. The company has successfully integrated traditional Sichuan pickling techniques with modern preservation technologies, ensuring product quality and shelf life [26][42]. Industry Analysis - The leisure snack industry in China is projected to grow steadily, with a market size of approximately 1.12 trillion yuan in 2023 and a forecasted low single-digit growth rate over the next five years. The spicy chicken feet segment has shown a compound annual growth rate (CAGR) of about 5% from 2018 to 2022, slightly above the industry average, positioning Youyou Foods as a strong competitor with a market share close to 30% [12][54]. Channel Strategy - The report outlines the evolution of Youyou Foods' channel strategy from 2000 to 2023, highlighting the transition from traditional retail to e-commerce and the recent focus on new product categories and channels. The company is actively expanding its presence in bulk snack systems and warehouse membership supermarkets, with expectations of significant revenue growth from these initiatives [12][13][39]. Financial Projections - Revenue forecasts for Youyou Foods indicate expected revenues of 1.208 billion yuan in 2024, 1.505 billion yuan in 2025, and 1.8 billion yuan in 2026, with year-on-year growth rates of 25.07%, 24.51%, and 19.63% respectively. The net profit is projected to reach 149 million yuan in 2024, 176 million yuan in 2025, and 215 million yuan in 2026, with corresponding growth rates of 28.27%, 18.25%, and 21.84% [14][18].