上海市广发律师事务所 公司已向本所保证和承诺,公司向本所律师所提供的文件和所作的陈述和说 明是完整的、真实的和有效的,有关原件及其上面的签字和印章是真实的,且一 切足以影响本法律意见书的事实和文件均已向本所披露,而无任何隐瞒、疏漏之 处。 在本法律意见书中,本所律师根据《股东大会规则》的要求,仅就本次股东 大会的召集、召开程序是否合法及是否符合《公司章程》、出席会议人员资格和 会议召集人资格的合法有效性、会议表决程序和表决结果的合法有效性发表意见, 而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。 本法律意见书仅供本次股东大会之目的使用,不得被任何人用于其他任何目 的。本所同意,公司可以将本法律意见书作为公司本次股东大会公告材料,随其 他需公告的信息一起向公众披露,本所依法对发表的法律意见承担责任。 本所律师根据相关法律、法规和规范性文件的要求,按照律师行业公认的业 务标准、道德规范和勤勉尽责精神发表意见如下; 一、本次股东大会的召集和召开程序 关于中饮巴比食品股份有限公司 2024 年第三次临时股东大会的法律意见书 致:中饮巴比食品股份有限公司 中饮巴比食品股份有 ...

证券代码：605338 证券简称：巴比食品 公告编号：2024-063 中饮巴比食品股份有限公司 2024 年第三次临时股东大会决议公告 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) 非累积投票议案 1、 议案名称：关于终止实施 2022 年限制性股票激励计划暨回购注销限制性股 票的议案 审议结果：通过 (一) 股东大会召开时间：2024 年 9 月 18 日 (二) 股东大会召开地点：上海市松江区车墩镇茸江路 785 号行政楼 4 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 | 83 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 166,260,775 | | 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 | 68.1035 | | 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 ...

Group 1: Business Expansion and Market Strategy - The majority of new franchisees are from the industry, but the number of non-industry franchisees is gradually increasing [1] - The company plans to open new stores in high-traffic areas such as service areas, high-speed rail stations, and airports [1] - The company is exploring opportunities to expand its brand internationally, with products already sold in Canadian and Australian supermarkets [1] Group 2: Financial Performance and Shareholder Returns - In the first half of 2024, the company achieved revenue of 764 million yuan, a year-on-year increase of 3.56%, and a net profit of 111 million yuan, up 36.04% [2] - The company has repurchased over 5.37 million shares, with a total expenditure exceeding 72.01 million yuan [2] - The company aims to maintain shareholder returns through cash dividends and effective communication with the capital market [2] Group 3: Operational Challenges and Solutions - The decline in revenue in Q2 was primarily due to decreased single-store performance in the core East China region [2] - The company is addressing high closure rates in Beijing by enhancing support for franchisees and improving store management [2] - The company is actively developing new products for its fast-casual dining segment to boost sales during non-breakfast hours [4] Group 4: Supply Chain and Food Safety - The company has established a comprehensive supply chain system to ensure efficient logistics and food safety [3] - It adheres to strict quality control measures throughout the production process, certified by multiple food safety management systems [3] - The company utilizes digital systems for real-time tracking of logistics and temperature control during transportation [3] Group 5: Product Development and Market Positioning - The average daily sales per store are approximately 1,200 yuan, compared to competitors like Yuanji Yun Jiao with 3,500 yuan [4] - The company is expanding its product offerings to include more lunch and dinner options, leveraging online platforms to increase sales [5] - The company has introduced new menu items such as dumplings and soups to enhance its appeal in the lunch and dinner market [5]

中饮巴比食品股份有限公司 2024 年第三次临时股东大会会议资料 中饮巴比食品股份有限公司 2024 年第三次临时股东大会会议资料 二〇二四年九月 | | | . | | --- | --- | --- | | | 4 | | | . | | | | | | 1 | | 会议须知 | 1 | | --- | --- | | 会议议程 | 3 | | 一、会议届次 | 3 | | 二、会议召开 | 3 | | 三、会议安排 | 3 | | 会议议案 | 4 | | 议案一：关于终止实施 2022 年限制性股票激励计划暨回购注销限制性股票的议案 | 4 | | 议案二：关于修订《公司章程》的议案 | 5 | | 议案三：关于修订《股东大会议事规则》的议案 | 6 | | 议案四：关于修订《董事会议事规则》的议案 | 11 | | 议案五：关于修订《监事会议事规则》的议案 | 13 | 中饮巴比食品股份有限公司 2024 年第三次临时股东大会会议资料 会议须知 尊敬的各位股东及股东代表： 欢迎您来参加中饮巴比食品股份有限公司 2024 年第三次临时股东大会。 为了维护全体股东的合法权益，进一步明确股东大会的职责权限 ...

证券代码：605338 证券简称：巴比食品 公告编号：2024-062 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net/html/143790.shtml），或关注微信公众号"全景财经"， 或下载全景路演 APP，参与本次互动交流，活动直播时间为 2024 年 9 月 13 日 （周五）14:00-16:30。届时公司董事长及总经理刘会平先生、独立董事万华林 先生、董事会秘书及财务总监苏爽先生、证券事务代表马晓琳女士将在线就公司 2024 年度中报业绩、公司治理、发展战略、经营状况、融资计划、股权激励和可 持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃 参与！ 特此公告。 中饮巴比食品股份有限公司 中饮巴比食品股份有限公司 2024 年 9 月 10 日 关于参加上海辖区上市公司 2024 年投资者网上集体接待日 暨中报业绩说明会的公告 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。 为进一步加强与投资者的互动交流，中饮巴比食品股份有限公司（以下简 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the market benchmark index within the next six months [7]. Core Views - The company reported a steady increase in overall performance, with a significant year-on-year increase in net profit of 36.04% for the first half of 2024, reaching 1.11 billion yuan [1]. - The group meal business continues to grow, while the revenue from direct sales stores is under pressure, indicating a mixed performance across different sales channels [1]. - The company is focusing on cost control and refined operations, leading to an increase in profit margins, with a gross margin of 26.17% for the first half of 2024, up 0.55 percentage points year-on-year [1]. Summary by Sections Financial Performance - For the first half of 2024, the company achieved operating revenue of 764 million yuan, a year-on-year increase of 3.56%, and a net profit attributable to shareholders of 1.11 billion yuan, up 36.04% [1]. - The second quarter of 2024 saw revenue of 410 million yuan, a decrease of 1.93% year-on-year, but net profit increased by 75.6% to 720 million yuan [1]. Business Segments - The revenue from franchise sales, direct store sales, and group meal sales for the first half of 2024 was 573 million yuan, 11 million yuan, and 167 million yuan, respectively, showing a year-on-year growth of 1.78%, a decline of 19.74%, and an increase of 10.45% [1]. - The total number of franchise stores reached 5,284, with a net increase of 241 stores in the first half of 2024 [1]. Cost Management - The overall gross margin for the first half of 2024 was 26.17%, with a net profit margin of 14.60%, reflecting improvements in cost management [1]. - The company has reduced its selling and administrative expense ratios compared to the previous year, indicating effective cost control measures [1]. Earnings Forecast - The profit forecast for 2024-2026 has been adjusted, with expected net profits of 2.41 billion yuan, 2.85 billion yuan, and 3.24 billion yuan for the respective years, corresponding to price-to-earnings ratios of 14, 12, and 11 times [1].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][3] Core Views - The company reported a revenue of 764 million yuan for H1 2024, a year-on-year increase of 3.56%, and a net profit attributable to shareholders of 111 million yuan, up 36.04% year-on-year [2] - The company is focusing on improving its single-store model amidst a decline in customer traffic, with strategies including optimizing store signage, menus, and layouts, as well as targeted support for stores [2] - The company has established five factories across China to support its national expansion, with ongoing projects aimed at enhancing production capacity [2] Financial Performance Summary - For 2024, the company expects total revenue of 1.699 billion yuan, a 4.20% year-on-year increase, and a net profit of 227.53 million yuan, reflecting a 6.46% increase [1][3] - The company's gross profit margin for Q2 2024 was 26.38%, a slight decrease of 0.32 percentage points year-on-year, primarily due to rising pork prices [2] - The company’s net profit margin for Q2 2024 was 17.54%, an increase of 7.74 percentage points year-on-year [2] Revenue and Profit Forecast - The revenue forecast for 2024-2026 is adjusted to 1.7 billion yuan, 1.85 billion yuan, and 1.99 billion yuan respectively, with corresponding net profits of 230 million yuan, 240 million yuan, and 260 million yuan [3] - The expected P/E ratios for 2024, 2025, and 2026 are 16x, 15x, and 14x respectively [3] Store Expansion and Business Model - As of Q2 2024, the company had 5,284 franchise stores, with a net increase of 190 stores since Q1 [2] - The company is experiencing a decline in average single-store revenue, prompting a focus on improving store performance and expanding dining options [2]

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 ...