证券代码：603697 证券简称：有友食品 公告编号：2025-095 有友食品股份有限公司 关于使用自有资金进行委托理财的公告 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： 基本情况 | 投资金额 | 13,000 万元 | | --- | --- | | 投资种类 | 券商收益凭证、资产管理计划 | | 资金来源 | 自有资金 | 特别风险提示：公司本次委托理财产品分别为有保本约定的浮动收益 型理财产品及非保本的资产管理计划，但金融市场受宏观经济的影响较大， 不排除该项投资受到市场波动、宏观经济形势及货币政策、财政政策等宏观 政策发生变化带来的系统性风险影响，投资的实际收益不可预期。 一、投资情况概述 （一）投资目的 公司及子公司在保证日常经营资金需求、有效控制投资风险的前提下，通过 对自有资金进行适度、适时的委托理财，有利于提高公司资金的使用效率，增加 资金收益，为公司及股东获取更多的投资回报。 已履行的审议程序：有友食品股份有限公司（以下简称"公司"）于 2025 年 3 月 19 日召开第四届董事会 ...

Core Viewpoint - The company plans to use up to 1.2 billion yuan of its own funds for cash management, with a duration of 12 months, as approved in the upcoming annual shareholders' meeting [1] Group 1: Financial Management - The company will delegate 130 million yuan for financial management, investing in broker收益凭证 and asset management plans with a term of 361 to 365 days [1] - As of the announcement date, the company's total balance of entrusted financial management is 1.01 billion yuan [1] - Recently, the company redeemed 150 million yuan of financial products, earning a profit of 2.8188 million yuan [1] Group 2: Risk Control - The company has implemented multiple measures to control financial management risks, ensuring that investments do not have a significant impact on its operations [1]

Core Viewpoint - Different consumer sectors exhibit both differences and commonalities in recovery rhythms, with ROA being a leading indicator for operational recovery in consumer enterprises [1][2] Group 1: Recovery Rhythm Analysis - The recovery rhythm of various consumer sectors is influenced by industry supply and demand, as well as supply chain structures, with a focus on stock market competition as a mainstream phenomenon [2] - The stages of enterprise and channel adjustments are outlined, starting from oversupply to a new balance in supply and demand, with ROA serving as a key indicator throughout these stages [2] - Current recovery sequences indicate that soft drinks and snacks are leading, followed by food supply chains, condiments, dairy products, beer, and finally, liquor [2][3] Group 2: Investment Strategy - Emphasis on sectors where ROA stabilizes, indicating potential valuation recovery opportunities, with a preference for sectors that still show price or volume growth [3] - Price logic suggests that rising CPI may drive valuation recovery in traditional industries with high penetration rates, such as liquor, beer, and dairy products, which are likely to attract incremental capital [3][4] - Recommended companies in the liquor sector include Kweichow Moutai, Luzhou Laojiao, and Shanxi Fenjiu, while in dairy, focus on Yili and Mengniu [3] Group 3: Volume Logic - In the context of cost-effective consumption, companies with high supply chain efficiency are expected to gain volume, with specific recommendations for companies in the food supply chain and soft drinks [4] - Industries with low penetration rates may withstand economic cycles, with recommendations for low-alcohol beverages and functional foods that can enhance brand premium through specialization [4] - Companies benefiting from overseas market expansion include Angel Yeast and Bailong Chuangyuan [4]

Group 1: Core Insights - The report emphasizes the recovery stage of consumer spending, highlighting that different sectors exhibit both commonalities and differences in their recovery rhythms, driven by supply-demand dynamics and industry structure [4][5] - ROA (Return on Assets) is identified as a leading indicator for the operational recovery of consumer companies, with a focus on analyzing various sub-sectors [4][13] Group 2: Sector Performance - The current recovery sequence indicates that soft drinks and snacks are leading, followed by the catering supply chain, condiments, dairy products, beer, and finally, liquor [5][25] - The report draws parallels with Japan's 1990s consumption differentiation, noting that sectors addressing consumer pain points and with low penetration rates are likely to succeed [5][6] Group 3: Investment Strategy - The report suggests focusing on sectors where ROA is stabilizing, indicating potential valuation recovery opportunities, particularly in traditional sectors like liquor, beer, and dairy [6][8] - It recommends identifying sub-sectors with either price or volume growth, with a preference for price-driven strategies [6][8] Group 4: Detailed Sector Analysis - The frozen food sector is showing signs of marginal improvement, with leading companies enhancing operational efficiency through product innovation and channel reforms [27][28] - The snack sector is experiencing high demand, driven by new channel developments, although competition is intensifying [33][35] - The beer industry is under pressure, with a focus on high-end products, but overall growth is slowing due to external economic factors [39][41] - The dairy sector is nearing the end of its adjustment phase, with expectations of improved performance as raw milk prices rise [41][42] - The liquor sector is currently in a phase of inventory reduction, with performance risks gradually clearing as channels stabilize [43][48]

Group 1 - The company, Youfu Food, announced the use of 20 million yuan of idle raised funds to purchase a customized income certificate from Shenwan Hongyuan Securities Co., Ltd. [1] - As of the date of the announcement, the remaining balance of the company's raised funds for cash management is 80 million yuan. [1]

关于使用闲置募集资金进行现金管理的公告 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： 已履行的审议程序：有友食品股份有限公司（以下简称"公司"）于 2025 年 3 月 19 日召开第四届董事会第十一次会议及第四届监事会第十一次会 议，并于 2025 年 4 月 9 日召开 2024 年年度股东会，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 10,000 万元的募 集资金进行现金管理，使用期限自 2024 年年度股东会审议通过之日起 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。 特别风险提示：公司本次现金管理购买的理财产品为有保本约定的浮 动收益型理财产品，但金融市场受宏观经济的影响较大，不排除该项投资受 到市场波动、宏观经济形势及货币政策、财政政策等宏观政策发生变化带来 的系统性风险影响，投资的实际收益 ...

Core Viewpoint - The company has announced a "Quality Improvement and Efficiency Enhancement Return" action plan aimed at high-quality development and increasing investment value, aligning with national policies and market demands [1][6]. Group 1: Focus on Core Business Development - The company will concentrate on its core business in the snack food sector, optimizing its business structure and enhancing operational quality [1]. - It plans to maintain market leadership in key products like spicy chicken feet and will introduce innovative product lines annually, focusing on health trends [1]. - The company aims to upgrade production capacity through technological innovations and smart manufacturing, ensuring quality improvement and efficiency optimization [1]. Group 2: Sharing Development Results and Emphasizing Investor Returns - The company prioritizes reasonable returns for investors, adhering to a stable profit distribution policy while ensuring sustainable development [3]. - Since its listing, the company has distributed over 900 million yuan in cash dividends and plans to continue this trend with a clear and stable dividend decision-making mechanism [3]. Group 3: Strengthening Investor Communication - The company emphasizes investor relations management, aiming to establish a transparent and trustworthy communication mechanism [4]. - It will utilize various channels for investor interaction, including hotlines, email, and performance briefings, to enhance communication effectiveness [4]. Group 4: Adhering to Regulatory Operations and Improving Corporate Governance - The company follows relevant laws and regulations to ensure proper governance and operational compliance [5]. - It has revised internal systems to optimize governance structure and improve decision-making and supervisory efficiency [5]. Group 5: Focusing on Key Individuals and Strengthening Accountability - The company recognizes the critical role of key stakeholders in governance and compliance, enhancing their responsibilities and awareness [5]. - It aims to establish a long-term incentive and restraint mechanism to align the interests of management and shareholders, promoting sustainable high-quality development [5].

证券日报网讯 12月17日晚间，有友食品发布公告称，公司制定"提质增效重回报"行动方案，提出"一、 聚焦主业发展，提升经营质量；二、共享发展成果，重视投资者回报；三、加强投资者交流，积极传递 公司价值；四、坚持规范运作，持续完善公司治理；五、聚焦"关键少数"，强化履职责任；六、其他说 明及风险提示"等。 （文章来源：证券日报） ...

证券代码：603697 证券简称：有友食品 公告编号：2025-093 有友食品股份有限公司 关于"提质增效重回报"行动方案的公告 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。 为深入贯彻党的二十大和中央金融工作会议精神，落实国务院《关于进一步提高上 市公司质量的意见》要求，积极响应上海证券交易所《关于开展沪市公司"提质增效重 回报"专项行动的倡议》，践行"以投资者为本"的发展理念，切实保障和维护投资者 合法权益，推进有友食品股份有限公司（以下简称"公司"）高质量发展和投资价值提 升，结合公司中长期战略规划与当前业务实际，制定公司"提质增效重回报"行动方案 （以下简称"本方案"）。本方案已经公司第五届董事会第二次会议审议通过，具体内 容如下： 三、加强投资者交流，积极传递公司价值 公司高度重视投资者关系管理，致力于建立透明、畅通、互信的沟通机制。公司严 格遵循信息披露相关规定，确保信息披露的真实性、准确性、完整性与及时性，保障投 资者的知情权。通过投资者热线与专用邮箱、上证 E 互动平台、定期报告业绩说明会等 多种渠道 ...

Core Viewpoint - Youyou Foods reported strong growth in revenue and profit for the first three quarters of 2025, but shareholders have begun to reduce their stakes in the company [1][3]. Financial Performance - For the first three quarters, Youyou Foods achieved a revenue of 1.245 billion yuan, representing a year-on-year increase of 40.39% [3][4]. - The net profit attributable to shareholders reached 174 million yuan, up 43.34% year-on-year, indicating that the net profit for the first three quarters has already surpassed the total net profit for the entire previous year [3][4]. - The core product category, poultry products, generated revenue of 1.077 billion yuan, accounting for 87.17% of total revenue [3]. - In the third quarter alone, the company reported a revenue of 474 million yuan, a year-on-year increase of 32.70%, with net profit growing by 44.79% to 65.33 million yuan [3][4]. Shareholder Activity - Despite the positive financial results, the company's actual controller's brother, Lu Youming, plans to reduce his stake by selling up to 1.1 million shares due to personal financial needs, potentially cashing out approximately 14.26 million yuan based on the closing price of 12.96 yuan per share on December 3 [4]. - In August, the chairman's wife, Zhao Ying, also reduced her holdings by selling 12.83 million shares, which accounted for 3% of the total share capital, resulting in a cash-out of 151 million yuan [5].