Core Viewpoint - The company, Babifood, has released its unaudited half-year report for 2025, highlighting its operational performance and financial status for the first half of the year [4][6]. Group 1: Company Overview - Babifood's total revenue for the first half of 2025 reached 834.65 million yuan, with main business revenue accounting for 99.90% of this total at 833.84 million yuan, while other business revenue contributed 0.10% at 806,300 yuan [4]. Group 2: Financial Data - The report indicates that the company has not undergone any significant changes in its major financial metrics or shareholder structure during the reporting period [3][5]. Group 3: Important Events - The company will hold a performance briefing on August 29, 2025, from 15:00 to 16:00, at the Shanghai Stock Exchange Roadshow Center, allowing investors to engage and ask questions regarding the half-year results [6][8].

Core Viewpoint - The report highlights the financial performance and operational strategies of Zhongyin Babi Food Co., Ltd. for the first half of 2025, showcasing growth in revenue and net profit, alongside a focus on expanding its franchise model and enhancing product offerings in the frozen food sector [1][2][3]. Company Overview and Financial Indicators - Zhongyin Babi Food Co., Ltd. reported a revenue of approximately 834.65 million yuan, a 9.31% increase compared to the same period last year [2]. - The total profit reached approximately 170.27 million yuan, reflecting a 15.86% year-on-year growth [2]. - The net profit attributable to shareholders was about 131.65 million yuan, marking an 18.08% increase from the previous year [2]. - The company’s net assets decreased by 3.06% to approximately 2.20 billion yuan, while total assets fell by 4.11% to around 2.74 billion yuan [2]. Business Model and Product Offerings - The company specializes in the research, production, and sales of Chinese-style frozen pastries, operating a model that integrates standardized production, cold chain distribution, and both direct and franchise sales [3][4]. - Product categories include a variety of steamed buns, dumplings, and other pastries, with over a hundred products available [3][4]. - The company employs a multi-channel sales strategy, focusing on franchise operations, direct sales, and large customer accounts [5][6]. Industry Context - The restaurant industry in China is becoming a strategic pillar for expanding domestic demand, with a steady growth in market size and an acceleration in chain operations [8][9]. - The frozen food market is projected to grow significantly, with the market size expected to reach approximately 2.13 trillion yuan by 2025 [13]. - The demand for convenient food options is increasing, particularly among urban consumers, driving the growth of the frozen food sector [12][13]. Operational Strategies - The company aims to enhance operational efficiency through digital transformation and supply chain optimization, while also expanding its franchise network [15][19]. - A focus on improving the franchise model has led to a net increase of 542 franchise stores, bringing the total to 5,685 [17]. - The company is actively pursuing strategic acquisitions to strengthen its market position and expand its operational footprint [18]. Market Trends - The restaurant market is witnessing a dual trend of short-term consumption downgrade and long-term value upgrade, with consumers increasingly valuing quality and price ratio [10][11]. - The frozen food sector is benefiting from the growing trend of urbanization and the fast-paced lifestyle of consumers, leading to a shift in consumption patterns [12][13]. - The company is positioned to capitalize on these trends by offering high-quality, convenient food products that meet evolving consumer preferences [21].

Core Viewpoint - The report highlights the financial performance of Zhongyin Babi Food Co., Ltd. for the first half of 2025, showing an increase in revenue and net profit compared to the previous year, despite a slight decline in total assets and net assets attributable to shareholders [1]. Financial Summary - Total assets at the end of the reporting period amounted to CNY 2,735.86 million, a decrease of 4.11% compared to the end of the previous year [1]. - Net assets attributable to shareholders decreased by 3.06% to CNY 2,196.08 million [1]. - Operating revenue reached CNY 834.65 million, reflecting a year-on-year increase of 9.31% [1]. - Total profit for the period was CNY 170.27 million, up 15.86% from the previous year [1]. - Net profit attributable to shareholders was CNY 131.65 million, representing an 18.08% increase compared to the same period last year [1]. - The net cash flow from operating activities was CNY 103.62 million, a slight increase of 1.18% [1]. - The weighted average return on net assets improved to 5.83%, an increase of 0.90 percentage points [1]. - Basic and diluted earnings per share were both CNY 0.55, up 22.22% from CNY 0.45 [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 17,014 [1]. - Liu Huiping is the largest shareholder, holding 42.24% of the shares, followed by Ding Shimei with 7.94% [2]. - Liu Huiping and Ding Shimei are identified as the actual controllers of the company, with familial ties noted [2].

证券代码：605338 证券简称：巴比食品 公告编号：2025-026 中饮巴比食品股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： ? 会议召开时间：2025 年 8 月 29 日（星期五）15:00-16:00 ? 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.s seinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于 2025 年 8 月 22 日（星期五）至 8 月 28 日（星期四）16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@babifood. com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 中饮巴比食品股份有限公司（以下简称"公司"）已于 2025 年 8 月 22 日发 布公司《2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年度的经营成果、财务状况，公司计划于 2025 年 8 月 29 ...

Core Viewpoint - The company, Zhongyin Babi Food Co., Ltd., reported its unaudited half-year operating data for 2025, highlighting significant revenue contributions from various product categories, sales channels, and regional distributions [1]. Revenue by Product - Total revenue for the first half of 2025 reached CNY 834.65 million, with food products accounting for CNY 754.42 million, representing 90.39% of total revenue [1]. - Within food products, the breakdown includes: - Noodles and rice products: CNY 327.82 million (39.28%) - Fillings: CNY 229.96 million (27.55%) - Purchased food products: CNY 194.47 million (23.30%) - Packaging and auxiliary materials: CNY 51.52 million (6.17%) - Service revenue: CNY 27.90 million (3.34%) [1]. Revenue by Channel - Revenue distribution by sales channel shows: - Franchise: CNY 612.99 million (73.44%) - Direct stores: CNY 10.97 million (1.31%) - Group meal channel: CNY 198.63 million (23.80%) [1]. Revenue by Region - Regional revenue distribution indicates: - East China: CNY 687.50 million (82.37%) - South China: CNY 71.80 million (8.60%) - Central China: CNY 49.45 million (5.93%) - North China: CNY 25.23 million (3.02%) [1]. Distributor Changes - The company reported changes in distributor numbers, particularly in East China, where the number of distributors increased from 23 to 35 during the period [1]. Franchise Store Changes - The report also noted changes in franchise store numbers, although specific figures were not detailed in the provided data [2].

Core Viewpoint - Babi Food's stock price has shown a positive trend, with significant revenue and profit growth in the first half of 2025, indicating strong operational performance and market positioning [1][2]. Financial Performance - As of August 21, 2025, Babi Food's stock price reached 22.20 yuan, up 3.11% from the previous trading day, with a trading volume of 1.49 billion yuan and a turnover rate of 2.82% [1]. - The company reported a revenue of 835 million yuan for the first half of 2025, representing a year-on-year increase of 9.31%, and a net profit attributable to shareholders of 132 million yuan, up 18.08% year-on-year [1]. - In the second quarter, revenue increased by 13.5% year-on-year, while net profit saw a significant rise of 31.4% [1]. Business Operations - Babi Food specializes in the research, production, and sales of Chinese-style pastry foods, utilizing a business model that integrates standardized production, cold chain distribution, direct sales, franchising, and group catering [1]. - The number of franchise stores reached 5,685 by the end of the first half of 2025, with a net increase of 542 stores since the beginning of the year [1]. - The company is focused on optimizing its single-store operating model and enhancing competitiveness through new product development and product improvements [1]. Capital Flow - On August 21, 2025, Babi Food experienced a net inflow of 1.7044 million yuan in main funds, with a cumulative net inflow of 3.4263 million yuan over the past five days [2].

（文章来源：证券日报） 证券日报网讯 8月21日晚间，巴比食品发布公告称，2025年半年度公司实现营业收入834，649，751.53 元，同比增长9.31%；归属于上市公司股东的净利润为131，650，641.34元，同比增长18.08%。 ...

Core Insights - The company reported a revenue of 835 million yuan, representing a year-on-year growth of 9.31% [1] - The net profit attributable to the parent company reached 132 million yuan, with an 18.08% increase compared to the previous year [1] Business Performance - The number of franchise stores reached 5,685 by the end of the reporting period, with a net increase of 542 stores since the beginning of the year, aligning with the initial store opening plan [1] - The company focused on enhancing franchisee income through various initiatives, including store renovations, delivery operations support, and training assistance, leading to improvements in the single-store model [1] Product Development - During the reporting period, the company's research teams developed a total of 93 products, including semi-finished dishes, with 39 new products launched for trial sales [1] - Additionally, 40 new products are scheduled for future launch, and improvements were made to 45 existing products [1]

Core Insights - The company reported a revenue of 835 million yuan for the first half of 2025, representing a year-on-year growth of 9.31% [1] - The net profit attributable to shareholders reached 132 million yuan, showing an 18.08% increase compared to the previous year [1] - In Q2 2025, the company achieved a revenue of 465 million yuan, which is a 13.50% year-on-year growth, and a net profit of approximately 94.45 million yuan, reflecting a 31.42% increase [1] Revenue and Profit Performance - Total revenue for H1 2025: 835 million yuan, up 9.31% year-on-year [1] - Net profit for H1 2025: 132 million yuan, up 18.08% year-on-year [1] - Q2 2025 revenue: 465 million yuan, up 13.50% year-on-year [1] - Q2 2025 net profit: 94.45 million yuan, up 31.42% year-on-year [1] Store Expansion and Franchise Development - The number of franchise stores reached 5,685 by the end of the reporting period, with a net increase of 542 stores since the beginning of the year [1] - The company focused on enhancing franchisee income through store renovations, delivery operations support, and training initiatives [1] Product Development and Innovation - The company established dedicated R&D departments in various regions to efficiently develop new products and advance process innovations [1] - A total of 93 new products were explored, with 39 products launched for trial sales and 40 products scheduled for future launch [1] - The product innovation and success rates were reported to be at a high level, with 45 products undergoing modification and upgrades during the reporting period [1]

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"）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：第十四号——食品制造》的相关要求， 现将 2025 年半年度经营数据（未经审计）公告如下： 2025 年 1-6 月营业收入为 83,464.98 万元，其中主营业务收入为 83,384.34 万元，占营业收入 99.90%；其他业务收入为 80.63 万元，占营业收入 0.10%。 一、营业收入分产品 | 项目 | 2025 年 1-6 月 | 占比 | | --- | --- | --- | | 食品类 | 75,442.44 | 90.39% | | 其中：面米类 | 32,781.80 | 39.28% | | 馅料类 | 22,996.11 | 27.55% | | 外购食品类 | 19,447.47 | 23.30% | | 其他 | 217.06 | 0.26% | | 包装及辅料类 | 5,152.28 | 6.17% | | 服务类 | 2,789.62 ...