Investment Rating - The investment rating for the company is "Buy" and is maintained [5] Core Views - The company's total revenue for H1 2024 was 3.886 billion, a year-on-year decline of 2.52%, while the net profit attributable to the parent company was 23.89 million, down 87.38% year-on-year [2][3] - In Q2 2024, total revenue was 1.435 billion, a year-on-year decline of 10.43%, with a net profit of -38.59 million, a year-on-year decline of 195.02% [2] - The decline in revenue is attributed to adjustments in offline stores and ongoing decentralization in online sales channels [2] - The company closed a net of 219 stores in Q2 2024, with 68 direct-operated and 151 franchised stores closed, primarily in Central, East, and Southwest China [2] - The company's gross profit margin for H1 2024 decreased by 2.56 percentage points to 26.39%, and the net profit margin decreased by 4.13 percentage points to 0.61% [3] - The company is expected to gradually recover its profitability through a coordinated development strategy across all channels, with a forecasted EPS of 0.20 and 0.42 for 2024 and 2025, respectively [3] Financial Summary - The company's total revenue for 2023 is projected at 8.046 billion, with a slight increase to 8.065 billion in 2024 and further growth to 8.589 billion in 2025 [7] - The net profit for 2024 is expected to be 80 million, with an EPS of 0.20, and is projected to increase to 168 million and an EPS of 0.42 in 2025 [7] - The company's cash flow from operating activities is projected to decrease from 1.280 billion in 2023 to 696 million in 2024 [7]

良品铺子股份有限公司 2024 年度"提质增效重回报"行动方案的半年度评估报告 为积极践行"以投资者为本"的上市公司发展理念，基于对良品铺子股份有 限公司（以下简称"公司"）未来发展前景的信心、对公司价值的认可和切实履 行社会责任，维护公司全体股东利益，公司制订了《2024 年度"提质增效重回 报"行动方案》，经公司第三届董事会第二次会议审议通过，已于 2024 年 4 月 26 日在指定媒体上披露。根据行动方案内容，公司积极开展和落实相关工作，现将 2024 年上半年行动方案的执行情况报告如下： 2024 年上半年，经公司第三届董事会第二次会议和 2023 年年度股东大会决 议，公司 2023 年度利润分配方案为：以权益分派实施时股权登记日的总股本为 基数，向全体股东每 10 股派发现金股利 2.25 元（含税），不送红股，不进行资 本公积金转增股本。权益分派实施时股权登记日公司总股本 401,000,000 股，本 次派发现金红利 90,225,000.00 元（含税）。公司本年已实施的现金分红金额占 1 2023 年度实现的归属于公司股东的净利润的比例为 50.05%。 一、行动方案执行情况 （三）积极 ...

第三届董事会第三次会议决议公告 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法律责任。 一、董事会会议召开情况 证券代码：603719 证券简称：良品铺子 公告编号：2024-031 良品铺子股份有限公司 经与会董事审议，通过如下议案： 议案 1：关于公司《2024 年半年度报告》全文及摘要的议案 本议案已经公司第三届董事会审计委员会 2024 年第二次会议审议通过，同 意提交公司董事会审议。 表决结果：【9】票同意、【0】票反对、【0】票弃权，通过该议案。 本议案详情请查阅公司在 2024 年 8 月 30 日于指定信息披露媒体披露的《良 品铺子股份有限公司 2024 年半年度报告》（全文）及《良品铺子股份有限公司 2024 年半年度报告摘要》。 议案 2：关于公司《2024 年半年度募集资金存放与实际使用情况的专项报 （一）良品铺子股份有限公司（以下简称"公司"）第三届董事会第三次会 议（以下简称"本次会议"）的召开符合有关法律、行政法规、部门规章、规范 性文件和公司章程的规定。 （二）公司于 2024 年 8 月 18 日以电子 ...

Financial Performance - The company reported a revenue of 1.2 billion CNY for the first half of 2024, representing a year-on-year increase of 15%[1]. - The company's revenue for the first half of 2024 was RMB 3,886,217,523.07, a decrease of 2.52% compared to RMB 3,986,718,203.91 in the same period last year[16]. - The net profit attributable to shareholders for the same period was RMB 23,890,602.95, reflecting a significant decline of 87.38% from RMB 189,306,047.58 year-on-year[16]. - The net profit after deducting non-recurring gains and losses was RMB 7,463,267.47, down 93.97% from RMB 123,721,297.81 in the previous year[16]. - The company's net profit for the first half of 2024 is CNY 23,042,863.30, a significant decrease from CNY 189,361,342.50 in the same period of 2023, representing an 87.87% decline[87]. - The total profit for the first half of 2024 is CNY 52,214,281.75, down from CNY 255,243,237.81 in the first half of 2023, marking a decline of 79.5%[87]. - The company's total comprehensive income for the first half of 2024 is CNY 23,890,602.95, a decrease of 3.43% compared to the previous period[96]. User Growth and Market Expansion - User data indicates a growth in active users by 20% compared to the same period last year, reaching 5 million active users[1]. - Market expansion efforts have led to a 25% increase in sales from new regions, particularly in southern China[1]. - The company plans to open 50 new retail locations by the end of 2024, focusing on high-traffic urban areas[1]. - The company is actively expanding its market presence, with a focus on both international and local market strategies to meet diverse consumer demands[23]. Product Development and Innovation - New product launches contributed to 30% of total sales in the first half of 2024, highlighting successful market expansion efforts[1]. - The company focuses on product innovation and channel development, operating a multi-brand strategy across various snack categories, including meat snacks, seafood snacks, and health-oriented products[21]. - The company employs a user-oriented product innovation strategy, continuously upgrading its product matrix towards "natural health snacks" to meet diverse consumer needs[21]. - The company launched over 140 new health snack products, including items with simplified ingredient lists, contributing to a significant increase in sales performance[26]. - E-commerce sales of new products increased by 421% year-over-year, driven by innovative product offerings and effective marketing strategies[27]. Financial Guidance and Investment - The company has set a revenue guidance of 2.5 billion CNY for the full year 2024, which reflects a growth target of 10%[1]. - The company is investing 100 million CNY in R&D for new technologies aimed at enhancing supply chain efficiency[1]. - The company reduced R&D expenses by 58.30%, from ¥25.04 million to ¥10.44 million, indicating a shift in resource allocation[28]. - The company is committed to using its own funds for ongoing R&D investments to adapt to changing consumer preferences[70]. Operational Challenges and Risks - The management highlighted potential risks including supply chain disruptions and increased competition in the snack food market[1]. - The net cash flow from operating activities was RMB 63,038,527.89, a decrease of 90.81% compared to RMB 685,859,906.68 in the same period last year[16]. - The company reported a significant increase in asset impairment losses, primarily related to inventory and long-term assets[29]. - The company is exposed to raw material price volatility risks, as key ingredients like nuts and fruits are subject to market fluctuations[41]. Shareholder and Compliance Matters - The company did not distribute dividends or increase capital reserves for the year 2023, with a distribution of 0 shares and 0 yuan per 10 shares[45]. - The company will comply with the regulations set by the China Securities Regulatory Commission regarding the reduction of shares by shareholders and senior management[52]. - The company emphasizes the importance of legal compliance in share reduction activities to protect shareholder interests[54]. - The commitments made by the controlling shareholders are irrevocable and will remain effective until certain conditions are met[60]. Environmental and Social Responsibility - The company holds valid pollution discharge permits and complies with environmental regulations, with no significant environmental violations reported during the reporting period[48]. - The company’s production and operations meet national and local environmental protection requirements, with all waste and emissions within acceptable limits[48]. - The company has established a comprehensive quality control system to mitigate food safety risks, including a certified testing center and strict supplier management protocols[42]. Financial Position and Assets - The total assets at the end of the reporting period were RMB 4,244,669,943.18, down 23.12% from RMB 5,521,460,814.80 at the end of the previous year[16]. - The net assets attributable to shareholders decreased to RMB 2,412,399,225.13, a decline of 3.09% from RMB 2,489,308,020.59 at the end of last year[16]. - The company's cash and cash equivalents decreased to CNY 240,080,648.29 as of June 30, 2024, down from CNY 618,809,929.25 at the end of 2023[83]. - The company's total liabilities decreased to approximately ¥1.84 billion from ¥3.03 billion, a decline of about 39%[82]. Accounting and Financial Reporting - The company's financial statements comply with the accounting standards and reflect its financial position and operating results accurately[116]. - The company recognizes expected credit losses for financial assets measured at amortized cost and receivables based on reasonable and evidence-based information regarding past events, current conditions, and forecasts of future economic conditions[129]. - The company recognizes revenue when control of goods or services is transferred to customers, with a typical credit period of 30 to 90 days for B2B transactions[158].

2024 年第二季度主要经营数据公告 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。 根据上海证券交易所《上市公司自律监管指引第 3 号行业信息披露：第四号 ——零售》相关要求，良品铺子股份有限公司（以下简称"公司"）现将 2024 年第二季度门店变动情况及主要经营数据披露如下： 一、报告期内门店变动情况 详见附表 1。 | 地区 | 经营 | | | 直营门店 | | | | 加盟门店 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 业态 | 门店 | 门店 | 建筑面积 | 预计开 | 门店 | 门店 | 建筑面积 | 预计开 | | | | 家数 | 来源 | （㎡） | 业时间 | 家数 | 来源 | （㎡） | 业时间 | | 甘肃省 | 零售 | 0 | / | / | / | 2 | 租赁 | 109 | 年第 2024 | | | | | | | | | | | 三季度 | | 广东省 | 零售 | 3 | 租赁 | 1 ...

根据《上海证券交易所上市公司自律监管指引第 1 号——规范运作》（上证 发〔2023〕193 号）的规定，良品铺子股份有限公司（以下简称"公司"）编制 的 2024 年 1 月 1 日至 2024 年 6 月 30 日（报告期）的募集资金存放与实际使用 情况的专项报告如下： 一、募集资金基本情况 （一）募集资金金额及到位时间 良品铺子股份有限公司 2024 年半年度募集资金存放与实际使用情况的专项报告 普华永道中天会计师事务所(特殊普通合伙)审验了公司截至 2020 年 2 月 18 日因在境内首次公开发行人民币普通股 A 股股票募集资金而新增的注册资本和 股本情况，于 2020 年 2 月 19 日出具了普华永道中天验字(2020)第 0103 号《验 资报告》。 （二）报告期内募集资金使用金额及余额 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。 证券代码：603719 证券简称：良品铺子 公告编号：2024-033 根据中国证券监督管理委员会《关于核准良品铺子股份有限公司首次公开发 行股票的批复》（证监许可[2019]3 ...

第三届监事会第三次会议决议公告 良品铺子股份有限公司 证券代码：603719 证券简称：良品铺子 公告编号：2024-032 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法律责任。 一、监事会会议召开情况 （一）良品铺子股份有限公司（以下简称"公司"）第三届监事会第三次会议（以 下简称"本次会议"）的召开符合有关法律、行政法规、部门规章、规范性文件和公司 章程的规定。 （二）公司于 2024 年 8 月 18 日以电子邮件的方式发出本次会议通知和材料。 （三）公司于 2024 年 8 月 28 日以通讯方式召开本次会议。 （四）本次会议应出席监事 3 人，实际出席会议的监事 3 人。 （五）本次会议由监事会主席马腾先生召集和主持。公司董事会秘书、证券事务代 表列席了本次会议。 二、监事会会议审议情况 经与会监事审议，表决结果如下： 议案 1：关于公司《2024 年半年度报告》全文及摘要的议案 监事会认为：良品铺子股份有限公司 2024 年半年度报告的内容和格式符合中国证 监会和上海证券交易所的各项规定，报告的编制和审议程序符合法律、法 ...

证券代码：603719 证券简称：良品铺子 公告编号：2024-030 良品铺子股份有限公司 关于为全资子公司提供银行授信担保的进展公告 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： 本次被担保人为湖北良品铺子食品工业有限公司（以下简称"良品工业"）、 宁波良品铺子食品商贸有限公司（以下简称"宁波良品商贸"），均为良品铺子 股份有限公司（以下简称"公司"）全资子公司，不属于公司关联人。 本次担保金额及已实际为良品工业和宁波良品商贸提供的担保余额：公 司本次以连带责任保证的形式为良品工业担保的最高债权额为人民币 2.75 亿元， 为宁波良品商贸担保的最高债权额为人民币 1.25 亿元。截至 2024 年 8 月 26 日， 公司已实际为上述被担保人提供的担保余额为 32,581.14 万元，均为良品工业提 供的担保余额。 本次担保是否有反担保：否 本次担保事项在公司股东大会授权额度范围内，无需另行提交董事会、股东 大会审议。 二、被担保人基本情况 （一）湖北良品铺子食品工业有限公司 统一社会信用代码：914201 ...

证券代码：603719 证券简称：良品铺子 公告编号：2024-029 良品铺子股份有限公司关于副总经理辞职的公告 特此公告。 良品铺子股份有限公司董事会 2024 年 8 月 22 日 截至本公告披露日，刘玲女士未直接持有公司股份。根据《公司法》等法律 法规和《良品铺子股份有限公司章程》的有关规定，刘玲女士的辞职报告自送达 公司董事会之日起生效。刘玲女士辞去公司副总经理一职不会影响公司规范运作 和生产经营。 公司董事会对刘玲女士履职期间为公司的规范运作和健康发展做出的贡献 表示衷心感谢！ 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。 良品铺子股份有限公司（以下简称"公司"）董事会于 2024 年 8 月 20 日收 到副总经理刘玲女士的书面辞职报告，由于个人原因，刘玲女士提出辞去公司副 总经理职务，辞职后不在公司担任其他职务。 ...

证券代码：603719 证券简称：良品铺子 公告编号：2024-028 良品铺子股份有限公司 关于控股股东部分股份质押的公告 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: 截至本公告披露日，良品铺子股份有限公司（以下简称"公司"）控股 股东宁波汉意创业投资合伙企业（有限合伙）（以下简称"宁波汉意"）持有公 司股份 141,287,094 股，占公司总股本的 35.23%。本次股份质押后，宁波汉意累 计质押公司股份 75,900,000 股，占其持股总数的 53.72%，占公司总股本的 18.93%。 宁波汉意及其一致行动人宁波良品投资管理有限公司（以下简称"良品 投资"）合计持有公司股份 153,257,214 股，占公司总股本的 38.22%。本次股份 质押后，宁波汉意及其一致行动人良品投资累计质押公司股份 83,920,000 股，占 控股股东及其一致行动人合计所持公司股份的 54.76%，占公司总股本的 20.93%。 公司近日收到控股股东宁波汉意通知获悉，宁波汉意所持公司的部分股份办 理了质押手续，具 ...