一、审计委员会基本情况 公司第四届董事会审计委员会现由独立董事杨安富先生、独立董事赵吟女士、 董事鹿新女士组成。主任委员杨安富先生具备会计专业背景，审计委员会成员的 组成及人员结构符合相关法律法规的规定。 公司独立董事赵万一先生于 2024 年 8 月因个人原因申请辞去公司第四届董 事会独立董事职务，同时一并辞去董事会审计委员会等委员职务。2024 年 9 月 4 日，公司召开 2024 年第一次临时股东会审议通过了《关于补选公司第四届董事 会独立董事的议案》，选举赵吟女士为公司第四届董事会独立董事，并接替赵万 一先生同时担任公司第四届董事会审计委员会等委员职务，任期自股东会审议通 过之日起至第四届董事会任期届满之日止。 二、审计委员会 2024 年度会议召开情况 2024 年度，公司董事会审计委员会共召开了四次会议，全体委员均参加了 会议，对公司财务报告、内部审计、内部控制、募集资金存放与使用、聘任审计 机构、关联交易等重点事项进行了审议，并一致表决通过了全部议案，会议的召 集、召开程序符合相关法律法规的规定，具体情况如下： | 序号 | 届次 | 审议的议案 | | --- | --- | --- | | ...

证券代码：603697 证券简称：有友食品 公告编号：2025-018 有友食品股份有限公司 关于召开 2024 年年度股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2024 年年度股东会 召开的日期时间：2025 年 4 月 9 日 14 点 召开地点：重庆市璧山区璧泉街道剑山路 130 号有友食品重庆制造有限公司 4 楼会议室 股东会召开日期：2025年4月9日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系 统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 4 月 9 日 至 2025 年 4 月 9 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易 ...

有友食品 2024 年年度股东会会议资料 为了维护有友食品股份有限公司（以下简称"公司"）全体股东的合法权益， 确保股东会的正常秩序和议事效率，根据《公司法》、《公司章程》及《股东会议 事规则》等有关规定，特制定本次股东会会议须知，请出席股东会的全体人员遵 照执行： 有友食品股份有限公司 2024 年年度股东会会议须知 各位股东及股东代表： 有友食品股份有限公司 一、本次股东会由公司董事会办公室负责会议的组织工作。 2024 年年度股东会 会议资料 2025 年 4 月 有友食品 2024 年年度股东会会议资料 二、请按照本次股东会会议通知（详见 2025 年 3 月 20 日刊登于上海证券 交易所网站（www.sse.com.cn）的《有友食品关于召开 2024 年年度股东会的通 知》）中规定的时间和登记方法办理参加会议手续，证明文件不齐或手续不全的， 谢绝参会。 三、为保证股东会的严肃性和正常秩序，切实维护与会股东（或股东代表） 的合法权益，除出席会议的股东（或股东代表）、公司董事、监事、高级管理人 员、公司聘请的律师及董事会邀请的人员外，公司有权依法拒绝其他人员进入会 场。股东进入会场后，请自觉关闭手机 ...

证券代码：603697 证券简称：有友食品 公告编号：2025-010 有友食品股份有限公司 第四届监事会第十一次会议决议公告 本公司监事会及全体监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。 表决结果：3 票同意，0 票反对，0 票弃权。 本议案尚需提交股东会审议。 2、审议通过《关于公司高级管理人员 2024 年度薪酬执行情况及 2025 年度 薪酬方案的议案》 表决结果：3 票同意，0 票反对，0 票弃权。 一、监事会会议召开情况 有友食品股份有限公司（以下简称"公司"）第四届监事会第十一次会议于 2025 年 3 月 19 日以现场表决方式召开。会议通知于 2025 年 3 月 9 日以电话及 邮件方式通知全体监事。会议应参加表决监事 3 人，实际参加表决监事 3 人。会 议由监事会主席陈鹏先生主持。会议的召开符合《公司法》及《公司章程》的相 关规定。 二、监事会会议审议情况 1、审议通过《关于公司 2024 年度监事会工作报告的议案》 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的有 友食品 20 ...

证券代码：603697 证券简称：有友食品 公告编号：2025-009 有友食品股份有限公司 第四届董事会第十一次会议决议公告 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。 一、董事会会议召开情况 1、审议通过《关于公司 2024 年度董事会工作报告的议案》 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的有 友食品 2024 年年度股东会会议资料。 表决结果：7 票同意，0 票反对，0 票弃权。 本议案尚需提交股东会审议。 2、审议通过《关于公司 2024 年度总经理工作报告的议案》 表决结果：7 票同意，0 票反对，0 票弃权。 3、审议通过《关于公司 2024 年度独立董事述职报告的议案》 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《有 友食品 2024 年度独立董事述职报告》。 表决结果：7 票同意，0 票反对，0 票弃权。 有友食品股份有限公司（以下简称"公司"）第四届董事会第十一次会议于 2025 年 3 月 19 日以现场结合通讯的方式召开 ...

证券代码：603697 证券简称：有友食品 公告编号：2025-011 2024 年度利润分配方案公告 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。 重要内容提示： ●每股分配比例：A 股每股派发现金红利 0.21 元（含税）。 ●本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期 将在权益分派实施公告中明确。 ●在实施权益分派的股权登记日前公司总股本发生变动的，公司拟维持每股 分配比例不变，相应调整分配总额，并将在权益分派实施公告中披露。 一、利润分配方案内容 经信永中和会计师事务所（特殊普通合伙）审计，公司 2024 年度实现的归 属于母公司所有者的净利润 157,327,618.17 元，截至 2024 年 12 月 31 日，母公 司报表中期末未分配利润为人民币 569,659,814.03 元。经董事会决议，公司 2024 年度拟以实施权益分派股权登记日登记的总股本为基数分配利润。根据公司盈利 情况、未来发展资金需求，兼顾对投资者的合理回报和公司的可持续发展，推出 积极回报投资者的利润分配方案： ...

Financial Performance - The operating revenue for 2024 reached ¥1,182,325,692.93, representing a 22.37% increase compared to ¥966,210,612.62 in 2023[23] - The net profit attributable to shareholders increased by 35.44% to ¥157,327,618.17 from ¥116,156,628.61 in the previous year[23] - The net profit after deducting non-recurring gains and losses rose by 40.53% to ¥125,547,416.95, up from ¥89,339,540.73 in 2023[23] - The net cash flow from operating activities surged by 5886.97% to ¥228,510,865.23, compared to a negative cash flow of ¥3,948,714.56 in 2023[26] - The total assets at the end of 2024 were ¥2,047,168,848.00, a 3.28% increase from ¥1,982,146,973.03 in 2023[24] - The net assets attributable to shareholders decreased by 3.31% to ¥1,774,336,894.00 from ¥1,835,132,245.81 in the previous year[24] - Basic earnings per share increased by 37.04% to ¥0.37 from ¥0.27 in 2023[25] - The weighted average return on net assets rose to 8.65%, an increase of 2.32 percentage points from 6.33% in 2023[25] Revenue and Sales Growth - In 2024, the company achieved operating revenue of 1.182 billion RMB, representing a year-on-year growth of 22.37%[36] - The company achieved a revenue of CNY 1,182,325,692.93, representing a year-on-year increase of 22.37%[44] - The total revenue from the main business reached ¥1,171,123,696.47, representing a 22.02% increase compared to the previous year[70] - The revenue from the Southwest region was ¥543,490,112.22, with a growth of 5.84% compared to the previous year[70] - Online sales revenue surged by 204.33% to CNY 67,574,342.47, with a gross margin of 54.50%, while offline sales revenue increased by 17.70% to CNY 1,103,549,354.00, with a gross margin of 27.69%[51] Product Development and Market Strategy - The company launched six new products, focusing on health and diversification to create competitive barriers[37] - The company implemented a membership retail system and deepened cooperation with leading channels to adapt to market changes[37] - The company plans to focus on the research and development of new types of spicy snacks to meet the evolving consumer preferences[81] - The company is committed to enhancing its supply chain collaboration and expanding its product matrix to drive multi-dimensional growth[82] - The company is expanding its market presence by entering two new provinces, aiming to increase market share by 10% in these regions[96] Cash Flow and Investment - The company reported a significant increase in net cash flow from operating activities, amounting to CNY 228,510,865.23, compared to a negative cash flow in the previous year[46] - The investment activities generated a net cash flow of CNY 122,209,868.40, a significant increase from the previous year[46] - The total cash inflow from financing activities rose by 45.47% to ¥286,049,914.44, compared to ¥196,636,822.78 in the previous year[63] - The company's cash and cash equivalents increased by 126.31% to ¥238,693,350.67, up from ¥105,473,259.02 in the previous year[67] Supply Chain and Production - The company has built a robust supply chain with strategic partnerships, ensuring high-quality raw material availability[43] - The total production volume increased by 19.24% to 26,328.49 tons, while sales volume rose by 18.58% to 25,843.39 tons compared to the previous year[50] - The inventory of main products increased significantly, particularly in the chicken wing category, which saw a production increase of 33.16%[50] - The gross profit margin for the food processing industry was 29.23%, with a slight decrease of 0.06% compared to the previous year[49] Shareholder and Governance - The company has held 3 shareholder meetings and 4 board meetings during the reporting period, ensuring compliance with governance regulations[87][88] - The company actively engages with investors through various channels to ensure transparent communication and information disclosure[89] - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, and finance, with no significant competition or conflicts of interest reported[90] - The company has a clear governance structure in place, ensuring compliance with regulations and independence from controlling shareholders[90] Risks and Challenges - The company faces significant risks related to food quality safety control, which is critical for sustainable development[83] - Over 80% of the company's main business costs are attributed to raw material procurement, making it vulnerable to price fluctuations[84] - The company's main product, spicy chicken feet, accounts for over 65% of its main business revenue, indicating a risk due to product structure being relatively singular[85] Environmental and Social Responsibility - The company invested 1.6583 million RMB in environmental protection during the reporting period[126] - The company has not faced any administrative penalties related to environmental issues during the reporting period[128] - The company emphasizes social responsibility and aims to balance the interests of shareholders, employees, and society for sustainable development[89] Audit and Compliance - The financial statements have been audited and reflect a fair view of the company's financial position as of December 31, 2024[181] - The audit report confirms compliance with accounting standards and provides a basis for the audit opinion[182] - The company has maintained compliance with regulatory requirements, with no penalties from securities regulatory agencies in the past three years[102]

Group 1 - The company reported a revenue of 1.182 billion yuan for 2024, representing a year-on-year growth of 22.37% [1] - The net profit for the year was 157 million yuan, showing a year-on-year increase of 35.44% [1] - The basic earnings per share were 0.37 yuan [1] Group 2 - The company plans to distribute a cash dividend of 2.1 yuan per 10 shares (including tax) [1]

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].