1、公司不存在《管理办法》等法律、法规规定的禁止实施股权激励计划的 情形，包括： （1）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （2）最近一个会计年度财务报告内部控制被注册会计师出具否定意见或无 法表示意见的审计报告； 青岛日辰食品股份有限公司董事会薪酬与考核委员会 关于公司2025年股票期权激励计划相关事项的核查意见 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国 证券法》（以下简称《证券法》）、《上海证券交易所股票上市规则》《上市公司股 权激励管理办法》（以下简称《管理办法》）等法律法规、规范性文件以及《青 岛日辰食品股份有限公司章程》（以下简称《公司章程》）的规定，青岛日辰食 品股份有限公司（以下简称"公司"）董事会薪酬与考核委员会对《青岛日辰食 品股份有限公司 2025 年股票期权激励计划（草案）》（以下简称《激励计划》或 "本次激励计划"）及其他相关资料进行核查后，现发表如下意见： （3）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行政 处罚或者采取市场禁入措施； （4）具有《公司法》规定的不得担任公司董事、高级管理人 ...

证券代码：603755 证券简称：日辰股份 公告编号：2025-024 二、董事会会议审议情况 与会董事审议并形成如下决议： 青岛日辰食品股份有限公司 第四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 青岛日辰食品股份有限公司（以下简称"公司"）第四届董事会第三次会议 于 2025 年 6 月 20 日下午 3:30 在公司二楼会议室以现场和通讯相结合方式召开。 经全体董事一致认可，同意豁免本次会议通知时间要求，与会的各位董事在会议 召开前已知悉所审议事项的相关信息。本次会议由公司董事长张华君先生召集并 主持，应出席董事 8 名，实际出席董事 8 名（其中委托出席董事 0 人，以通讯表 决方式出席董事 2 人）；公司高级管理人员列席了本次会议。本次会议的召集、 召开程序符合《中华人民共和国公司法》（以下简称《公司法》）及《青岛日辰 食品股份有限公司章程》（以下简称《公司章程》）的有关规定。 （一）审议并通过了《关于公司<2025 年股票期权激励计划（草案）>及其 摘要的议案 ...

Summary of Conference Call for 日辰股份 Company Overview - The company is projected to achieve a revenue growth of 10%-15% for the year, despite facing pressures in certain channels [2][3] - The brand customization channel has shown strong performance with nearly 50% year-on-year growth, primarily benefiting from the expansion of major clients like Sam's Club [2][3] Key Insights - **Revenue Growth**: The company expects revenue growth to be between 10% and 15% for the year, with strong performance in brand customization channels but slower growth in food processing and chain restaurant channels [2][3] - **Quarterly Performance**: The second quarter may see a slowdown in growth, with baking business performing well while restaurant business remains relatively flat [2][6] - **Third Quarter Outlook**: The third quarter is expected to improve due to a low base from the previous year, although profit margins may be difficult to replicate due to last year's expense reversals [2][7] - **Cost Management**: Significant reduction in C-end expenses is anticipated for 2025, with no one-time sales expense provisions, but increased depreciation pressure from the new factory in Jiaxing [2][8] Industry Trends - **Restaurant Industry**: The overall restaurant industry is expected to remain weak in 2025, with consumers showing a preference for home cooking and healthier diets, leading to improved supermarket sales [5][13] - **Consumer Preferences**: There is a decline in demand for strong-flavored condiments, with a shift towards healthier, lighter flavors. The company has positioned itself in the market for Xiang-style spicy and barbecue seasonings [5][16] Client Performance - **Major Clients**: Large clients like Yum Brands have shown stable performance, with some clients experiencing growth rates of around 30%, while others have seen declines [4] - **Sales Channels**: The Sam's Club channel is projected to generate over 10 million in revenue in 2024 and reach 30 million in 2025, with new product launches planned [10][11] Production Capacity - **New Factory**: The Jiaxing factory is expected to gradually come online by the end of 2025, which will alleviate capacity constraints currently faced by the Qingdao factory [9][12] Product Development - **Baking Sector**: The baking industry is performing well, with stable demand as baking products are less likely to be made at home. The company has acquired Aibeibang and is managing the baking segment [14][15] - **New Product Launches**: New products are expected in the second half of the year, including collaborations with major clients, although the success of these products remains uncertain [16] Conclusion - The company is navigating a challenging market environment with strategic focus on brand customization and baking products while adapting to changing consumer preferences and managing production capacity effectively.

Investment Rating - The report assigns an "Accumulate" rating to the company, indicating a projected increase of 5% to 15% relative to the CSI 300 index over the next six months [13]. Core Insights - The company reported a revenue of 405 million yuan for 2024, reflecting a year-on-year increase of 12.59%, and a net profit attributable to the parent company of 55 million yuan, up 5.59% year-on-year [7]. - The revenue growth has been sustained, with year-on-year increases of 6.45%, 14.90%, and 10.50% in Q3 2024, Q4 2024, and Q1 2025 respectively, despite challenges in the restaurant industry [7]. - The company has adopted a product customization strategy to meet client needs, ensuring sustainable revenue growth [7]. - The sauce category achieved significant growth, with revenue of 319 million yuan in 2024, a 19.31% increase year-on-year, while the powder category saw a decline of 5.50% [7]. - The company experienced revenue growth in East, North, and South China markets, while the Northeast and Central China markets saw declines [7][8]. - The gross margin for 2024 was 38.76%, a slight decrease, but the net margin improved to 15.78% due to cost control measures [10]. - The first quarter of 2025 showed significant profit improvement, with a gross margin of 39.21% and a net margin of 17.42% [10]. Financial Projections - The company is projected to achieve earnings per share of 0.81 yuan, 0.98 yuan, and 1.14 yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-earnings ratios of 31.93, 26.38, and 22.80 based on the closing price of 25.96 yuan on May 29 [10].

Core Viewpoint - The company is focusing on product innovation and expansion in response to market demand, with significant growth in new product sales and ongoing development of diverse product categories [1][2][3]. Group 1: Product Development and Innovation - The company has sold over 2,000 products, with more than 50% of sales coming from new products developed in the last three years [1]. - The company is enhancing its product range by introducing frozen soups and cooking sauces, aiming to provide a richer product mix for customers [1]. - Innovative products such as pancake mix have been launched, receiving high recognition from customers and consumers, thereby strengthening the company's market competitiveness [1]. Group 2: Production Capacity Expansion - The company is constructing a production base for 15,000 tons of compound seasoning and a production line for 5,000 tons of soup extracts, with the construction currently in the interior decoration and equipment installation phase [2]. - The completion of the Jiaxing factory by the end of 2025 will establish a dual-base layout in Qingdao and Jiaxing, enhancing the company's multi-category supply capability and supporting nationwide market expansion [2]. Group 3: Strategic Acquisitions - The company has acquired Jiaxing Aibeibang Food Co., Ltd., which produces frozen dough products, to diversify its offerings and better serve the baking market [3]. - The baking market presents significant opportunities, and the company aims to expand its presence in the baking pre-mix powder segment, which is a key growth direction [3]. - The acquisition allows the company to provide a more comprehensive product solution for baking customers, enhancing its overall competitiveness [3].

Group 1 - The "Measures for Promoting and Managing the Catering Industry" will be implemented on June 15, 2025, with significant enhancements in industry promotion, including support for digital development and local特色餐饮 cultivation [1] - The revised measures provide practical guidance for catering service operators, aiming to improve service quality and competitiveness in the industry [1] - Analysts predict a recovery opportunity for the catering industry in 2025, driven by increased demand for banquets, ongoing subsidy policies like dining vouchers, and a potential rise in business dining as economic activity picks up [1][2] Group 2 - Following the announcement of the new measures, companies like Baba Food and Tianwei Food saw significant stock price increases, indicating positive market sentiment towards the catering sector [2] - Key companies in the catering supply chain include Hai Tian Wei Ye, Tian Wei Food, and An Qi Yeast, with projected revenue growth rates varying across the sector [5][6] - The core companies in the catering industry chain encompass various segments, including basic and compound condiments, as well as small dining chains [6]

Investment Rating - The report maintains a "Buy" rating for the company, with an expected revenue growth of 16% for 2025 and a corresponding PE ratio of 31X [3][5][16]. Core Views - The company achieved a revenue of 4.05 billion and a net profit of 640 million in 2024, representing a year-on-year increase of 12.59% and 13.16% respectively. In Q1 2025, the revenue was 1.01 billion with a net profit of 180 million, showing a year-on-year growth of 10.50% and 36.86% [1][3]. - The company has launched over 2000 products, with more than 50% of sales coming from products developed in the last three years. The new product categories include over 800 types of sauce and more than 300 types of powder products [1][2]. - The restaurant and food processing sectors showed steady growth, with revenues of 2.00 billion and 1.40 billion in 2024, reflecting year-on-year increases of 22% and 4% respectively. The brand customization segment saw a significant increase of 15% [2][3]. Financial Performance Summary - In 2024, the gross margin was 38.70%, and the net margin was 15.78%. For Q1 2025, the gross margin improved to 39.21%, and the net margin increased to 17.42% [2][3]. - The company expects revenues of 4.70 billion, 5.40 billion, and 6.20 billion for 2025, 2026, and 2027 respectively, with net profits projected at 850 million, 1.01 billion, and 1.18 billion [3][9]. - The company’s total assets are projected to reach approximately 1.19 billion by 2027, with a debt-to-asset ratio of 22.43% [10][11].

证券代码：603755 证券简称：日辰股份 公告编号：2025-022 青岛日辰食品股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 19 日 (二)股东大会召开的地点：青岛市即墨区即发龙山路 20 号公司二楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 49 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 65,161,540 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 67.0429 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，经全体董事推举由张华君先生主持，采取现场 投票和网络投票相结合的方式召开及表决。会议的召集、召开程序和表决方式符 合《 ...

关于青岛日辰食品股份有限公司 法律意见书 德和衡证见意见（2025）第110号 中国北京市朝阳区建国门外大街 2 号银泰中心 C 座 11、12 层 北京德和衡律师事务所 BEIJING DHH LAW FIRM 北京德和衡律师事务所 德和衡证见意见（2025）第110号 致：青岛日辰食品股份有限公司 北京德和衡律师事务所（以下简称"本所"）接受青岛日辰食品股份有限公司（以下简称 "公司"或"贵公司"）的委托，指派本所律师出席贵公司 2024 年年度股东大会。本所律师 依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、《青 岛日辰食品股份有限公司章程》（以下简称"《公司章程》"）及相关法律法规以及规范性文 件的规定，就本次股东大会的有关事宜出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、会议召集人和出席会议人员的资格、 会议表决程序和表决结果的合法有效性等发表意见，并不对本次股东大会所审议的议案内容和 该等议案中所表述的事实或数据的真实性和准确性发表意见。 本所及经办律师依据《律 ...

青岛日辰食品股份有限公司 证券代码：603755 证券简称：日辰股份 公告编号：2025-023 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。 附件： 职工代表董事简历 关于选举职工代表董事的公告 隋锡党，男，1964 年 8 月出生，中国国籍，无境外永久居留权，本科学历， 高级工程师。历任山东鲁梅丝业有限公司副总经理、山东桓台汇丰制丝有限公司 总经理；2008 年加入公司，曾任总经办主任、监事会主席；现任公司行政总监。 为完善公司治理结构，根据《中华人民共和国公司法》《上市公司章程指引》 等法律法规、规范性文件及《青岛日辰食品股份有限公司章程》的相关规定，青 岛日辰食品股份有限公司（以下简称"公司"）于 2025 年 5 月 19 日召开职工代 表大会 2025 年第一次会议，会议同意选举隋锡党先生（简历附后）为公司第四 届董事会职工代表董事，与公司 2025 年第一次临时股东大会选举产生的七名董 事共同组成公司第四届董事会，任期至公司第四届董事会任期届满之日止。 特此公告。 青岛日辰食品股份有限公司 2025 年 5 月 ...