证券代码： 605338 证券简称：巴比食品 中饮巴比食品股份有限公司投资者关系活动记录表 编号：2024-0805 | --- | --- | |------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The investment rating for the company is Neutral [3][4][7] Core Views - The company reported a 3.56% year-on-year increase in total revenue for the first half of 2024, reaching 764 million yuan, while net profit attributable to shareholders grew by 36.04% to 111 million yuan [4][7] - In Q2 2024, total revenue decreased by 1.93% year-on-year to 410 million yuan, but net profit attributable to shareholders increased by 75.60% to 72 million yuan [4][7] - The company is facing pressure on same-store sales, with a decline of approximately 12% in average revenue per franchise store in Q2 2024, primarily due to a concentration of stores in the weaker demand region of East China [4][7] Financial Performance Summary - For H1 2024, the company achieved total revenue of 764 million yuan, a 3.56% increase year-on-year, and a net profit of 111 million yuan, a 36.04% increase [4][7] - In Q2 2024, the company reported total revenue of 410 million yuan, a decrease of 1.93% year-on-year, and a net profit of 72 million yuan, an increase of 75.60% [4][7] - The gross margin for Q2 2024 was 26.4%, a slight decrease of 0.3 percentage points year-on-year, while the net profit margin improved to 17.7%, an increase of 7.7 percentage points year-on-year [4][7] Revenue and Profit Forecast - The company expects total revenue to reach 1.729 billion yuan in 2024, with a year-on-year growth of 6.07%, and net profit to be 225 million yuan, reflecting a growth of 5.34% [2][7] - The earnings per share (EPS) for 2024 is projected to be 0.90 yuan, with corresponding price-to-earnings (PE) ratios of 15.8 for 2024, 14.6 for 2025, and 13.5 for 2026 [2][7]

巴比食品（605338.SH）2024 年半年报点评 短期压力延续，期待单店修复 2024 年 08 月 30 日 [盈利预测与财务指标 Table_Forcast] ➢ 事件：公司发布 2024 年半年报，24H1 实现营业收入 17.81 亿元，同比 +8.88%；实现归母净利润 1.35 亿元，同比+25.03%；实现扣非净利润 1.25 亿 元，同比+20.66%。单季度看，24Q2 实现营业收入 8.65 亿元，同比+2.80%； 实现归母净利润 0.59 亿元，同比+0.30%；实现扣非净利润 0.57 亿元，同比 +3.50%。 ➢ 单店压力仍在，团餐增速放缓。分渠道看，24Q2 特许加盟/直营/团餐分别 实现收入 3.15/0.05/0.84 亿元，同比-3.02%/-31.06%/+1.71%，截至 24H1 末 公司加盟门店共 5284 家，较 24 年初净增 241 家（新开 604 家：其中巴比 463 家、蒸全味 141 家，关闭 363 家），拓店进程整体符合年初规划；单店同比预 计仍有缺口，主要系餐饮复苏偏弱、供给端竞争压力仍在；团餐增速放缓预计主 要系 Q2 客户端需求放缓、去 ...

中饮巴比食品股份有限公司 第六条 在发出召开董事会定期会议的通知前，董事会办公室应当充分征求各董事 的意见，初步形成会议提案后交董事长拟定。 董事长在拟定提案前，应当视需要征求总经理和其他高级管理人员意见。 提案内容应当属于《公司章程》规定的董事会职权范围内的事项，与提案 有关的材料应当一并提交。 董事会议事规则 各专门委员会对董事会负责，其提案应提交董事会审查决定。 第四条 董事会应当在《公司法》和《公司章程》规定的范围内行使职权。 未授权予董事长、总经理决定的公司重大事项需经董事会审议，若按照《公 司章程》《股东会议事规则》，需经股东会审议的事项，经董事会审议通过 后需提交股东会审议。 第五条 董事会会议分为定期会议和临时会议。 董事会每年应当至少在上下两个半年度各召开一次定期会议，由董事长召 第一条 为了进一步规范中饮巴比食品股份有限公司（以下简称"公司"）董事会 的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事 会规范运作和科学决策水平，完善公司法人治理结构，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》、《上 市公司治理准则》、《上海证券交易所股票 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥763,584,799.47, representing a 3.56% increase compared to ¥737,344,318.35 in the same period last year[15]. - Net profit attributable to shareholders increased by 36.04% to ¥111,494,921.93 from ¥81,960,165.55 year-on-year[15]. - The net profit after deducting non-recurring gains and losses rose by 31.42% to ¥87,838,308.87 compared to ¥66,836,064.88 in the previous year[15]. - Basic earnings per share increased by 36.36% to ¥0.45 from ¥0.33 in the same period last year[16]. - The weighted average return on net assets improved to 4.93%, up by 1.06 percentage points from 3.87% year-on-year[16]. - The net cash flow from operating activities was ¥102,409,252.01, a 29.48% increase from ¥79,090,859.81 in the previous year[15]. - Total assets at the end of the reporting period were ¥2,821,442,650.77, reflecting a 1.45% increase from ¥2,781,191,449.36 at the end of the previous year[15]. - The net assets attributable to shareholders increased by 0.49% to ¥2,213,293,233.31 from ¥2,202,473,829.17 year-on-year[15]. - The company reported a significant decrease in cost expenses, contributing to the increase in revenue and profit[16]. Production and Operations - The company has established five factories across Shanghai, Dongguan, Tianjin, Wuhan, and Nanjing to enhance production capacity[23]. - The Dongguan factory officially commenced production capacity in March 2024, while the Wuhan smart manufacturing center is expected to start production by the end of 2024[23]. - The company emphasizes a standardized production and supply chain management system, producing based on daily orders from chain stores[24]. - The company aims to enhance its customized product development capabilities for large clients while expanding its SKU offerings[21]. - The company has implemented strict internal controls for procurement to ensure quality and prevent fraud, enhancing overall procurement efficiency[22]. - The company’s main business model integrates standardized production, cold chain distribution, and a mix of direct sales and franchise operations[19]. - The company’s products are developed and produced locally to meet regional market demands[24]. Market and Competitive Landscape - The frozen food market in China grew from 61.8 billion RMB in 2017 to 72.78 billion RMB in 2020, with a compound annual growth rate of 5.6%[28]. - The group meal market in China expanded from 0.9 trillion RMB in 2016 to 1.98 trillion RMB in 2022, accounting for 45.1% of the overall catering market[28]. - The average per capita consumption of frozen food in China was only 9 kg in 2020, significantly lower than the 90 kg in the US and 45 kg in Europe, indicating substantial growth potential[28]. - The restaurant market in China is experiencing intensified price competition, with a year-on-year decline of 3.5% in Beijing's catering industry and 3.6% in Shanghai[29]. - The competitive landscape in the frozen food industry is intensifying, requiring the company to maintain its competitive edge through product development and market expansion[58]. Franchise and Sales Strategy - The company primarily adopts a franchise model, supplemented by direct stores, large clients, and retail sales, along with a full-channel sales approach including third-party e-commerce platforms[25]. - The company has established a comprehensive franchise management system, ensuring compliance with operational standards through various manuals and regulations[25]. - The company has a dedicated large client division that focuses on developing and maintaining group meal clients, enhancing its sales network and market coverage[26]. - The company opened 463 new franchise stores during the reporting period, aligning with the initial expectations and current operational plans[41]. - Franchise sales revenue reached 573 million yuan, with a year-on-year increase of 1.78%, indicating stable business development[42]. Research and Development - The company launched 25 new products during the reporting period, with a total of nearly 100 products developed, achieving a high product innovation success rate[46]. - The company’s R&D expenses increased by 9.60% to approximately ¥6.20 million, attributed to a rise in personnel costs[48]. - The company is investing $200 million in research and development for new technologies aimed at improving operational efficiency[174]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[4]. - The company faces risks from rising raw material prices, which could significantly impact production costs and profitability if not managed effectively[57]. - The company faces risks from market demand decline due to intensified price competition and changing consumer preferences[65]. Corporate Governance and Compliance - The company has implemented a comprehensive quality management system to mitigate food safety risks, adhering to national and industry standards[59]. - The company has established a food safety control system that includes strict supplier management and quality control measures throughout the production process[60]. - The company has established a complete store management system to ensure standardized operations across franchise locations[61]. - The company has committed to minimizing investor losses in case of unfulfilled public commitments due to force majeure[90]. - The company guarantees the accuracy and completeness of its prospectus, and if any false statements or omissions are found, it will repurchase all newly issued shares[85]. Financial Position and Capital Management - The company’s cash and cash equivalents at the end of the reporting period amounted to approximately ¥134.82 million, representing 47.78% of total assets, up from 39.55% last year[50]. - The total amount of raised funds is CNY 788.64 million, with a net amount of CNY 744.05 million after deducting issuance costs[98]. - The company has approved the use of up to CNY 200 million of temporarily idle raised funds for cash management, with a current cash management balance of CNY 102.85 million[103]. - The company plans to repurchase A-shares with a total amount between 100 million RMB and 200 million RMB, at a price not exceeding 24.47 RMB per share, within 12 months[107]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 14,668[115]. - The largest shareholder, Liu Huiping, holds 101,193,300 shares, representing 40.45% of the total shares[116]. - The second largest shareholder, Ding Shimei, holds 19,027,800 shares, representing 7.61% of the total shares[116]. - The company has seen a decrease of 51,400 shares held by Tianjin Huiping Investment Management Partnership during the reporting period[116]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year[170]. - New product launches are expected to contribute an additional $500 million in revenue by the end of 2024[171]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share within the next two years[172].

中饮巴比食品股份有限公司 监事会议事规则 第八条 书面会议通知应当至少包括以下内容： 监事会定期会议应当每六个月召开一次。出现下列情况之一的，监 事会应当在 10 日内召开临时会议： 第一条 为进一步规范中饮巴比食品股份有限公司（以下简称"公司"）监事 会的议事方式和表决程序，促使监事和监事会有效地履行监督职 责，完善公司法人治理结构，根据《中华人民共和国公司法》、《中 华人民共和国证券法》、《上市公司治理准则》、《上海证券交易所股 票上市规则》（以下简称"《上市规则》"）等法律法规以及《中饮 巴比食品股份有限公司章程》（以下简称"《公司章程》"）的规定，制 订本规则。 第二条 监事会设监事会办公室，处理监事会日常事务。监事会主席兼任监 事会办公室负责人，保管监事会印章。监事会主席可以要求公司其 他相关人员协助其处理监事会日常事务。 第三条 监事会会议分为定期会议和临时会议。 (一) 任何监事提议召开时； (二) 股东会、董事会会议通过了违反法律、法规、规章、监管部 门的各种规定和要求、《公司章程》、公司股东会决议和其他 有关规定的决议时； (三) 董事和高级管理人员的不当行为可能给公司造成重大损害或 者在市 ...

中饮巴比食品股份有限公司 股东会议事规则 第一章 总则 公司董事会应当切实履行职责，认真、按时组织股东会。公司全 体董事应当勤勉尽责，确保股东会正常召开和依法行使职权。 第四条 股东会分为年度股东会和临时股东会。 年度股东会每年召开一次，应当于上一会计年度结束后的 6 个月内 举行。 临时股东会不定期召开，有下列情形之一的，应当在事实发生之 日起 2 个月以内召开临时股东会: 第一条 为维护股东的合法权益，进一步明确中饮巴比食品股份有限公司 (以下简称"公司")股东会的职责权限，规范其组织、行为，保证 股东会依法行使职权以及股东会的正常秩序和议事效率，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》《上市公司股东大会规则》等法律、法规、规范性文件和 《中饮巴比食品股份有限公司章程》(以下简称"《公司章程》") 的有关规定，并结合公司实际情况，制定本规则。 第二条 股东会在《公司法》和《公司章程》规定的范围内行使职权。 第三条 公司应当严格按照法律、行政法规、《公司章程》及本规则的有关 规定，保证股东会正常召开和依法行使职权。 (一) 董事人数不足《公司法》规定最低人数，或者不 ...

证券代码：605338 证券简称：巴比食品 公告编号：2024-060 中饮巴比食品股份有限公司 关于召开 2024 年第三次临时股东大会的通知 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)股东大会类型和届次 (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 2024 年 9 月 18 日 至 2024 年 9 月 18 日 股东大会召开日期：2024年9月18日 本次股东大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 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 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 2024 年第三次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会采用的表决方式是现场投票和网络投票相结合方式 (四)现场 ...

证券代码：605338 证券简称：巴比食品 公告编号：2024-058 中饮巴比食品股份有限公司 鉴于终止实施 2022 年限制性股票激励计并回购注销限制性股票导致公司注 册资本和股本发生变化，同时根据《公司法》等有关法律法规，结合公司自身实 际情况，公司拟对《公司章程》中的相关条款进行修订。具体修订内容如下： 关于修订《公司章程》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。 中饮巴比食品股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召开 第三届董事会第十二次会议，审议通过了《关于修订<公司章程>的议案》。根据 《中华人民共和国公司法（2023 年修订）》（以下简称"《公司法》"）和其 他法律法规及规范性文件的相关规定，结合公司的实际情况，现对《中饮巴比食 品股份有限公司章程》（以下简称"《公司章程》"）进行修订。修订情况如下： 一、注册资本的变更情况 公司于 2024 年 8 月 28 日分别召开第三届董事会第十二次会议和第三届监事 会第十一次会议，均审议通过了《关于终止实施 2022 年限制性 ...

证券代码：605338 证券简称：巴比食品 公告编号：2024-051 二、 回购股份的进展情况 中饮巴比食品股份有限公司 关于以集中竞价交易方式回购公司股份达到总股本 2% 暨股份回购进展公告 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： | 回购方案首次披露日 | 2024/6/14 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 7 日~2025 6 | 年 | 月 | 1 | 年 | 月 | 30 | 日 | | 预计回购金额 | 10,000 万元~20,000 万元 | | | | | | | | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 | | | | | | | | | | □用于转换公司可转债 | | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | | 累计已回购股数 | 499.7655 万股 ...