证券代码：605338 证券简称：巴比食品 公告编号：2024-077 中饮巴比食品股份有限公司 关于对控股子公司增资的公告 ● 增资金额：中饮巴比食品股份有限公司（以下简称"公司"）以自有资 金人民币 28,000.00 万元向控股子公司巴比武汉增资，其中 1,866.6666 万元计 入注册资本，26,133.3334万元计入资本公积。巴比武汉其余股东王勇、股东陈 向军放弃同比例增资。本次增资前公司直接持有巴比武汉 85.67%的股权，增资 后公司直接持有巴比武汉 96.51%的股权。 ● 本次对控股子公司增资事项已经公司第三届董事会第十四次会议审议通 过，无需提交公司股东大会审议。 ● 本次增资事宜不构成关联交易，也不构成《上市公司重大资产重组管理 办法》规定的重大资产重组。 ● 相关风险提示：公司本次增资的登记变更事项尚需行政审批部门的批准， 公司将按照相关法律、法规及规范性文件的要求，根据事项后续进展情况履行 相应的信息披露义务。敬请广大投资者注意投资风险。 一、本次增资事项概述 （一）本次增资的基本情况 为进一步整合公司资源，根据业务开展需求调整公司组织架构，有效提升公 司经营效率，同时优化公司控 ...

证券代码：605338 证券简称：巴比食品 公告编号：2024-074 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的进展公告 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 年 月 1 日~2025 年 6 月 30 | 7 | 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 | 843.3338 万股 | | | | 累计已回购股数占总股本比例 | 3.40% | | | | 累计已回购金额 | 11,987.4059 万元 | | | | 实际回购价格区间 | 12.77 元/股~17.35 元/股 | | | 一、 回购股份的 ...

证券代码： 605338 证券简称：巴比食品 编号：2024-1108 中饮巴比食品股份有限公司投资者关系活动记录表 | --- | --- | |------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

公司报告 | 季报点评 团餐增速恢复，降费改善盈利 24Q1-3 业绩：收入 12.10 亿元，同比+2.04%；归母净利 1.94 亿元， 同比+25.68%；扣非归母净利 1.47 亿元，同比+19.92%； 24Q3 业绩：收入 4.47 亿元，同比-0.46%；归母净利 0.83 亿元，同比 +14.00%；扣非归母净利 0.59 亿元，同比+6.06%。 收入端：Q3 单店降幅收窄到大个位数；团餐恢复至接近双位数。 一、品牌门店： 24Q1-3 特许加盟/直营收入分别为 9.13/0.15 亿元（同比+0.3%/- 24.5%），Q3 同比-2%/-34%。 ①门店数量看，24Q1-3 巴比门店新增 693 家（全年目标千家），加盟店 新增/减少 835/592 家，净增加 243 家至 5286 家。 ②门店质量看，24Q1-3 单店下滑中大个位数，Q3 单店下滑大个位数（对 比 Q2 缺口小幅收窄），需求和竞争仍有压力。 二、团餐业务： 24Q1-3 团餐收入同比+10%至 2.6 亿元，占比+1.6pct 至 22%；24Q3 团餐收入同比+9.2%、占比+1.9pct 至 22%。团餐增速得 ...

证券代码：605338 证券简称：巴比食品 公告编号：2024-073 中饮巴比食品股份有限公司 关于参加 2024 年上海辖区上市公司三季报 集体业绩说明会的公告 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。 为进一步加强与广大投资者的沟通交流，中饮巴比食品股份有限公司（以下 简称"公司"）将参加"2024 年上海辖区上市公司三季报集体业绩说明会"活动， 现将有关事项公告如下： 本次活动将采取网络的方式举行，投资者可以登录"上证路演中心"网站 （https://roadshow.sseinfo.com）或关注微信公众号上证路演中心参与互动交 流，活动时间为 2024 年 11 月 13 日（周三）15:00 至 16:30。 届时公司的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通过网络在线交流形式与投资 者就公司治理、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 者关注的问题进行沟通，欢迎广大投资者积极参与。 特此公告。 中饮巴比食品股份有限公司 20 ...

Key Points Company and Industry Overview * **Company**: Babu Food * **Industry**: Quick Service Restaurant (QSR) and Bakery * **Timeframe**: Third Quarter 2024 Financial Highlights * **Revenue**: 4.47 billion yuan (0.46% decrease YoY) * **Net Profit**: 58.875 million yuan (6.06% increase YoY) * **Cumulative Revenue**: 12.1 billion yuan (2.04% increase YoY) * **Cumulative Net Profit**: 1.47 billion yuan (19.92% increase YoY) * **Operating Margin**: 26.79% (0.81% increase YoY) * **Operating Profit Margin**: 13.17% (0.81% increase YoY) Business Performance * **Chain Store Business**: Single-store revenue gap narrowed, store expansion continued steadily. Cumulative revenue increased by 0.28% YoY to 9.13 billion yuan. * **Retail Business**: Continued to expand channels, revenue increased by 9.99% YoY to 2.64 billion yuan. * **Cost and Expenses**: Pork costs increased, but flour, oil, and fat prices decreased, maintaining overall gross margin stability. Operating efficiency improved, with sales and management expenses decreasing. Key Questions and Answers * **Single-store revenue gap**: Narrowed to an average of 8% compared to a double-digit gap last year. Trends across regions were consistent with the overall situation. * **Sales expenses**: Decreased due to reduced store expansion and personnel expenses. * **Store closures**: Increased by 592 stores from January to September, but still within an acceptable range. Expected to stabilize as the market adjusts. * **Merger and acquisition**: Active discussions with potential projects, aiming to accelerate progress and achieve timely project landings. * **Hunan factory**: Expected to be operational by the end of this year or early next year, with a scale similar to the Nanjing factory. Expected to have a minimal impact on overall performance. * **Catering business**: Grew by 9.2% YoY in Q3, with new channels contributing to the growth. Expected to maintain a good growth rate in Q4 and achieve a double-digit growth target for the year. * **Management expenses**: Increased due to the termination of the equity incentive plan, but excluding this factor, there was a slight decrease. * **New business model**: Launched "Babu Card Pack" store as an exploration of new categories. Currently in the initial stage of store construction and product development. * **Store expansion**: Slower due to cautious investment sentiment and market conditions. Will continue to strengthen recruitment and expand the sales team to deepen market penetration. * **Single-store revenue gap**: Expected to continue narrowing and stabilize. Factors contributing to the improvement include macroeconomic conditions, consumer demand, and internal efforts to improve product quality and service. * **New market expansion**: Achieved good results in Anhui, Hunan, and Jiangsu markets. Store expansion in new markets is progressing as expected. * **Competition**: Competition from cross-border brands has not intensified. Focus on maintaining a competitive advantage through product quality, service, and brand building. * **Cost**: Pork prices increased, but prices of flour, oil, and other raw materials decreased, maintaining overall gross margin stability. * **Product structure and pricing**: Limited changes in product structure, with some new limited products introduced. Pricing remains relatively stable. * **New product categories**: "Intelligent Nutrition" products are being launched and are in the incubation stage. Currently focusing on B-end customers. * **Store expansion**: Adjusted store expansion policy based on market conditions and competitor policies. Aim to achieve the target of opening 800 stores this year. * **Store improvement**: Implemented store improvement policies to enhance single-store revenue. Expected to continue improving in the fourth quarter and next year. * **Joining merchant profitability**: Single-store revenue gap has a limited impact on joining merchants. Expected to remain stable. * **Joining merchant expectations**: Expected to remain stable next year. * **Single-store revenue gap by region**: Narrowed in all regions, with the East China region showing the fastest improvement. * **Online delivery**: Coverage rate of 70-80%, with a penetration rate of 15%. Will continue to optimize product structure and improve consumer experience to maintain market share and achieve growth.

证券代码：605338 证券简称：巴比食品 公告编号：2024-072 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的进展公告 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 年 月 1 日~2025 年 6 月 30 | 7 | 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 | 842.3238 万股 | | | | 累计已回购股数占总股本比例 | 3.40% | | | | 累计已回购金额 | 11,971.1177 万元 | | | | 实际回购价格区间 | 12.77 元/股~17.35 元/股 | | | 一、 回购股份的 ...

证券代码：605338 证券简称：巴比食品 公告编号：2024-071 中饮巴比食品股份有限公司 关于使用暂时闲置募集资金进行现金管理的进展公告 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： 中饮巴比食品股份有限公司（以下简称"公司"）于 2024 年 10 月 24 日召 开第三届董事会第十三次会议、第三届监事会第十二次会议审议通过了《关于 继续使用部分暂时闲置募集资金进行现金管理的议案》，同意公司使用不超过 人民币 6,500 万元的暂时闲置募集资金进行现金管理，用于购买安全性高、流 动性好、低风险的各类理财产品，使用期限为自董事会审议通过之日起 12 个月 内，在上述额度及期限内可循环滚动使用。公司保荐机构国元证券股份有限公 司（以下简称"国元证券"）对本事项出具了明确的核查意见，具体内容详见公 司于 2024 年 10 月 25 日披露的《关于继续使用部分暂时闲置募集资金进行现金管 理的公告》（公告编号：2024-069）。 ● 特别风险提示 本着维护股东利益的原则，公司将严格控制风险，对理财产品投资 ...

Investment Rating - The investment rating for the company is "Buy (Maintain)" [1] Core Views - The company has shown a narrowing of single-store gaps and steady progress in store expansion, with a focus on quality and stable contributions from group meals [1][3] - The company reported a revenue of 1.21 billion yuan for Q1-Q3 2024, a year-on-year increase of 2%, and a net profit attributable to shareholders of 194 million yuan, up 26% year-on-year [1] - The company aims to open 1,000 new stores by the end of the year, with a new factory in Central China expected to start production by the end of 2024 or early 2025 [1][3] Summary by Sections Financial Performance - For Q3 2024, the company achieved a revenue of 447 million yuan, a decrease of 0.5% year-on-year, with a net profit of 83 million yuan, an increase of 14% year-on-year [1] - The gross margin for Q3 2024 was 26.79%, a slight decrease of 0.1 percentage points, while the sales and management expense ratios were 3.96% and 8.83%, respectively [1] Store Expansion and Market Strategy - The company has opened 835 new stores, with a total of 4,066 stores across various regions, including East China, South China, Central China, and North China [1] - The sales revenue from different channels in Q3 2024 was 340 million yuan from franchised stores, 4 million yuan from direct stores, and 970 million yuan from group meals, with group meal sales increasing by 9% year-on-year [1] Earnings Forecast - The earnings per share (EPS) for 2024-2026 are adjusted to 0.94, 1.00, and 1.04 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 18, 17, and 16 times [3][5]

证券代码： 605338 证券简称：巴比食品 编号：2024-1007 | --- | --- | |------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...