证券代码：001215 证券简称：千味央厨 公告编号：2025-060 郑州千味央厨食品股份有限公司 第二个解除限售期解除限售条件成就的公告 本公司及其董事会全体成员保证信息披露内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏。 郑州千味央厨食品股份有限公司（"公司"）于 2025 年 8 月 27 日召开第四届 董事会第二次会议，审议通过了《关于 2021 年限制性股票激励计划预留授予部 分第二个解除限售期解除限售条件成就的议案》，根据公司《2021 年限制性股票 激励计划（草案二次修订稿）》（以下简称"《激励计划》"）的相关规定和公司 2021 年第一次临时股东大会的授权，公司 2021 年限制性股票激励计划（以下简称"本 次激励计划"）预留授予限制性股票第二个解除限售期解除限售条件已成就，本 次符合解除限售条件的激励对象共 5 人，可解除限售的限制性股票数量为 21,100 股，同意公司按照本次激励计划相关规定为符合条件的激励对象办理解除限售事 宜。现将具体情况公告如下： 一、已履行的相关审批决策程序 关于 2021 年限制性股票激励计划预留授予部分 1、2021 年 11 月 1 日，公司 ...

Core Points - The company reported a revenue of 886 million yuan for the first half of 2025, representing a year-on-year decrease of 0.72% [1] - The net profit for the same period was 35.79 million yuan, showing a significant year-on-year decline of 39.67% [1] - The company announced plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves [1]

Financial Performance - The company's revenue for the reporting period was ¥885,837,809.72, a decrease of 0.72% compared to the same period last year [20]. - Net profit attributable to shareholders was ¥35,789,938.70, down 39.67% year-on-year [20]. - The net profit after deducting non-recurring gains and losses was ¥34,092,822.07, reflecting a decline of 41.94% compared to the previous year [20]. - The company's total revenue for the reporting period reached approximately CNY 879.59 million, representing a year-on-year increase of 23.21% [38]. - The net profit for the first half of 2025 was CNY 35,582,810.24, down 39.43% from CNY 58,794,848.01 in the first half of 2024 [156]. - The company's total revenue from sales of goods and services in the first half of 2025 was CNY 1,005,568,093.39, a slight increase from CNY 996,545,284.29 in the first half of 2024 [160]. Cash Flow and Financial Position - Net cash flow from operating activities improved significantly to ¥29,309,500.25, an increase of 157.37% from a negative cash flow in the same period last year [20]. - The cash and cash equivalents decreased by 149.03% to -¥115,514,606.66, mainly due to the previous period's capital raised from issuing shares [56]. - The investment activities generated a net cash flow of -¥113,636,090.73, a 5.91% increase in outflow compared to the previous year [56]. - The net cash flow from operating activities for the first half of 2025 was CNY 29,309,500.25, a significant improvement compared to a net outflow of CNY 51,085,446.88 in the first half of 2024 [161]. Operational Strategy - The company’s main business focuses on providing customized and standardized frozen noodle products to the B2B market, primarily targeting the catering industry [27]. - The company is focusing on expanding its B-end market through direct sales and distributor channels while also exploring C-end markets via e-commerce and convenience stores [34]. - The company has adopted a multi-brand strategy, including brands like "Qianwei Yangchu" and "Xingkefang," to cover various product categories and enhance market presence [33]. - The company plans to expand its market presence by launching new products in the next quarter [165]. Compliance and Governance - The company is committed to ensuring the accuracy and completeness of the financial report, with all board members present for the meeting [4]. - The company has established a comprehensive governance structure to protect shareholder interests, including various committees to ensure effective decision-making [90]. - The company has established a management system for the use of raised funds to ensure their reasonable and legal application [96]. - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of investor interests [97]. Risk Management - The report emphasizes the importance of risk awareness regarding forward-looking statements and development strategies [4]. - The company faces three main challenges: uncertainty in the recovery of the catering industry, intensified competition in the B-end market, and cost pressures from raw material fluctuations [80]. - The company is actively exploring new supply channels and cost-reduction measures to mitigate the impact of raw material price volatility [82]. Research and Development - Research and development expenses increased by 5.87% to ¥11,055,782.36, indicating a continued investment in innovation [56]. - The company has filed a total of 85 patents, including invention and utility model patents, demonstrating its commitment to innovation [52]. - Research and development expenses increased by 35% year-on-year, indicating a focus on innovation [165]. Shareholder Relations - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves [5]. - The company has committed to several investment projects, including a headquarters base and R&D projects, with a total investment amount of RMB 3,230 million [72]. - The company aims to enhance profit distribution policies to improve transparency and protect public investors' rights [96]. Environmental and Social Responsibility - The company has conducted six ESG-related training sessions to enhance employee compliance awareness and capabilities [91]. - Water resource management initiatives have improved water usage efficiency, reducing fresh water consumption through measures like recycling frost water and heat recovery [93]. - Wastewater treatment facilities at production sites utilize A²/O treatment technology, ensuring that wastewater parameters meet national discharge standards [93]. Market Trends and Challenges - The company is shifting focus towards the B-end market in response to increasing competition and demand for semi-finished food products in the restaurant sector [81]. - The company reported a significant increase in sales of frozen prepared dishes, with a growth rate of 67.31% in this category [30]. - The company is currently in the construction phase for two food processing projects, which have not yet reached the expected operational status [73].

证券之星消息，8月20日食品加工板块较上一交易日上涨0.77%，仙乐健康领涨。当日上证指数报收于 3766.21，上涨1.04%。深证成指报收于11926.74，上涨0.89%。食品加工板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300791 | 仙乐健康 | 24.94 | 5.23% | 12.10万 | | 2.97亿 | | 836826 | 盖世食品 | 13.29 | 4.24% | 12.62万 | | 1.67亿 | | 603536 | 惠发食品 | 9.94 | 3.54% | C 20.08万 | | 1.98亿 | | 002330 | 得利斯 | 5.11 | 2.61% | 22.59万 | | 1.14亿 | | 600381 | *ST春天 | 4.60 | 2.45% | 10.98万 | | 5013.25万 | | 000639 | 西王食品 | 3.35 | 2.13% | 61.38万 | | 2.03亿 | | ...

Investment Rating - The report maintains an "Outperform" rating for the food and beverage sector [5][4]. Core Insights - The food and beverage sector saw a slight increase of 0.75% during the week of August 4 to August 8, 2025, underperforming the Shanghai Composite Index by 1.37 percentage points [20][1]. - The report highlights the pressure on demand within the liquor industry, prompting companies to innovate and diversify their product offerings to meet consumer needs [2][11]. - The report emphasizes the importance of mid-year performance reports, indicating that companies are focusing on inventory reduction and sales promotion strategies in the short term while planning for long-term consumer engagement and market expansion [2][13]. Summary by Sections 1. Liquor Industry - Companies like Guizhou Moutai and Wuliangye are actively launching new products to adapt to changing consumer preferences, with Moutai's recent product launch achieving significant sales [2][11]. - The report notes that the liquor sector is entering a critical phase for mid-year performance reporting, with expectations of inventory reduction and improved sales strategies [2][13]. - Key investment themes include established leaders with proven resilience, companies showing positive feedback from digital initiatives, and those with potential market share growth [2][13]. 2. Consumer Goods - The beer and beverage sectors are entering a peak season, with expectations for strong performance in mid-year reports [3][14]. - The report indicates a shift in the snack industry towards a model driven by product categories and channels, highlighting the need for brands to enhance their market penetration capabilities [3][15]. - Recommendations include focusing on leading companies in the seasoning and frozen food sectors, which are expected to perform steadily [3][16][17]. 3. Dairy Products - The dairy sector is anticipated to see a gradual recovery in demand, supported by favorable policies and improved supply dynamics [3][18]. - The report suggests that leading dairy companies are well-positioned to benefit from the expected demand rebound in 2025 [3][18]. 4. Beverage Sector - The beverage industry is expected to maintain a favorable outlook, with significant growth opportunities in sugar-free tea and energy drinks [3][19]. - The report highlights the performance of leading companies like Nongfu Spring and Dongpeng Beverage, which are expected to accelerate their market presence [3][19].

证券日报网讯千味央厨（001215）8月11日在互动平台回答投资者提问时表示，公司未来将积极创新宣 传形式，拓宽宣传渠道，强化品牌运营，不断提升品牌的知名度和影响力。 ...

格隆汇8月6日｜东方证券研报指出，千味央厨加大线上推广，有望参与京东餐饮即时零售。目前公司C 端业务主要通过电商平台与KA商超的自有品牌定制渠道开展。电商实质上是餐饮零售化的转化，公司 主要围绕适合于家庭便捷加工、1-3人食用的规格，聚焦于营养健康早餐和年节产品的开发，通过线上 销售渠道，拓展C端业务，同时提升品牌认知；在KA自有品牌定制渠道上，公司从选购商品变为定制 产品、联合研发，积极发挥公司多年积累的大客户服务经验、强大的研发能力、快速响应能力等优势。 25Q1销售费用率同比提升2.12pct，主因公司阶段性加大线上推广费用。由于公司预期业绩增速仍快于 大部分其他可比公司，在可比公司25年25倍PE基础上维持15%溢价，对应目标价30.45元，维持"增 持"评级。 ...

（文章来源：证券日报） 证券日报网讯千味央厨8月5日在互动平台回答投资者提问时表示，二级市场股价表现受公司基本面、行 业发展、宏观经济、市场情绪等多种因素影响。敬请投资者注意投资风险。公司生产经营一切正常，未 发生任何应披露而未披露的重大经营变化。公司于2025年4月26日披露了第二期股份回购方案，回购资 金总额不低于人民币4，000万元（含）且不超过人民币6，000万元（含），详见公司《关于第二期以集 中竞价交易方式回购股份方案暨取得金融机构股票回购专项贷款的公告》，该方案已经股东会审议通 过。 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 30.45 CNY based on a 15% premium over a comparable company's 25x PE for 2025 [2][9][5]. Core Insights - The company is experiencing short-term profit pressure due to slow revenue recovery and ongoing investments in C-end promotions, leading to revised EPS estimates of 1.05, 1.20, and 1.41 CNY for 2025-2027, down from previous estimates of 2.15 and 2.56 CNY for 2025 and 2026 respectively [2][9]. - The company is actively expanding its C-end business through e-commerce platforms and customized products for key accounts, focusing on convenient meal options for families [8]. - The company is expected to participate in the competitive landscape of JD.com's instant retail, which may enhance its market presence and consumer engagement [8]. Financial Summary - The company's projected revenue for 2025 is 1,962 million CNY, reflecting a 5.0% year-on-year growth, following a decline of 1.7% in 2024 [4]. - Operating profit is expected to recover to 149 million CNY in 2025, with a growth rate of 22.3% compared to a significant drop of 24.5% in 2024 [4]. - The net profit attributable to the parent company is forecasted to be 102 million CNY in 2025, showing a recovery from a 37.7% decline in 2024 [4]. - The company’s gross margin is projected to improve from 23.7% in 2024 to 24.5% in 2025, indicating a positive trend in profitability [4].

Group 1 - The core point of the article is that Qianwei Yangchun announced on the evening of August 1 that as of July 31, 2025, the company has not yet started implementing share repurchase [2] Group 2 - The announcement was made public through a formal notice [2] - The timeline specified in the announcement indicates a future date for potential actions regarding share repurchase [2] - The lack of implementation of share repurchase may reflect the company's current strategic focus or financial position [2]