证券代码：001215 证券简称： 千味央厨 公告编号：2024-042 郑州千味央厨食品股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、召开时间 （1）现场会议时间：2024 年 5 月 17 日（星期五）下午 14:30。 （2）网络投票时间：通过深圳证券交易所交易系统投票的时间为：2024 年 5 月 17 日 9:15-9:25、9:30-11:30、13:00-15:00；通过深圳证券交易所互联网投票 系统投票的时间为：2024 年 5 月 17 日 9:15-15:00。 2、现场会议召开地点：河南省郑州高新区高新技术企业加速器产业园 D9-3 栋四楼会议室。 2023 年年度股东大会决议公告 3、会议召开方式：现场投票与网络投票相结合的方式。 4、会议召集人：公司董事会。 5、会议主持人：公司董事长孙剑先生。 6、本次会议的召集、召开和表决程序符合《中华人民共和国公司法》（以 下简称"《公司法》"）等 ...

证券代码：001215 证券简称： 千味央厨 公告编号：2024-043 郑州千味央厨食品股份有限公司 关于注销回购股份减少注册资本暨通知债权人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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（以下简称"公司"）于 2024 年 4 月 26 日 召开第三届董事会第十四次会议，于 2024 年 5 月 17 日召开 2023 年年度股东大 会，审议通过了《关于以集中竞价交易方式回购公司股份方案的议案》。本次回 购股份的种类为公司已发行的人民币普通股（A 股），股份回购的总金额不低于 人民币 6,000 万元（含）且不超过人民币 10,000 万元（含），按照本次回购价格 上限 61.90 元/股计算，预计回购股份数量约为 969,305 股-1,615,508 股，约占公 司目前总股本的 0.98%-1.63%，具体回购股份的数量以回购期满时实际回购的股 份数量为准。本次回购股份的实施期限自公司股东大会审议通过回购股份方案之 日起不超过 12 个月。如公司在回购股份期内实施了送红股、资本公积转增股本、 现金分红、配股及其他除 ...

河南文丰律师事务所 关于郑州千味央厨食品股份有限公司 2023 年年度股东大会的 法律意见书 二零二四年五月 地址：河南省郑州市郑东新区九如 路 51 号龙湖一号院 2 号楼 B 座 5 层 6 层 电话：（0371）63715000 邮编：450018 河南文丰律师事务所 关于郑州千味央厨食品股份有限公司 2023年年度股东大会的 法律意见书 致：郑州千味央厨食品股份有限公司 河南文丰律师事务所（下称"本所"）接受郑州千味央厨食品股份有限公司 （下称"公司"或"千味央厨"）的委托，指派本所律师出席了公司2023年年度 股东大会（下称"本次股东大会"）。本所律师根据《中华人民共和国公司法》 （下称"《公司法》"）、《中华人民共和国证券法》（下称"《证券法》"）、 《上市公司股东大会规则》（下称"《股东大会规则》"）及《郑州千味央厨食 品股份有限公司章程》（下称"《公司章程》"）等有关规定，就公司本次股东 大会的召集和召开程序、出席会议的人员资格和召集人的资格、会议的表决程序 和表决结果等有关事宜出具《河南文丰律师事务所关于郑州千味央厨食品股份有 限公司2023年年度股东大会的法律意见书》（下称"本法律意见书" ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [16] Core Views - The company reported a total revenue of 1.901 billion yuan in 2023, representing a year-on-year increase of 27.69%, with a net profit attributable to shareholders of 134 million yuan, up 31.43% [4][34] - The company is focusing on the development of its distribution channels, particularly in the B-end market, which is becoming increasingly competitive [27] - The company plans to repurchase shares to enhance investor confidence, with a total repurchase amount expected to be between 60 to 100 million yuan [33] Financial Performance - In 2023, the company achieved a total revenue of 1.901 billion yuan, with a net profit of 134 million yuan and a non-recurring net profit of 123 million yuan [4] - For Q4 2023, the total revenue was 573 million yuan, with a net profit of 40.0034 million yuan [4] - For Q1 2024, the total revenue was 463 million yuan, with a net profit of 34.5751 million yuan [4] Revenue Breakdown - Revenue from fried products in 2023 was 870 million yuan (+24.23%), steamed products 373 million yuan (+26.41%), baked goods 355 million yuan (+29.16%), and other dishes 295 million yuan (+38.63%) [31] - Direct sales revenue in 2023 was 775 million yuan (+49.89%), while distribution revenue was 1.118 billion yuan (+15.73%) [32] Profitability Metrics - The company's net profit margin increased by 0.20 percentage points to 7.06% in 2023, with a gross margin of 23.7% [33] - For Q1 2024, the net profit margin improved to 7.46%, with a gross margin of 25.45% [33] Future Earnings Forecast - The forecast for net profit attributable to shareholders for 2024, 2025, and 2026 is 175 million yuan, 198 million yuan, and 230 million yuan respectively, with corresponding EPS of 1.77, 1.99, and 2.31 yuan [34]

证券代码：001215 证券简称： 千味央厨 公告编号：2024-041 关于回购股份事项前十名股东及前十名无限售条件股东 持股情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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（以下简称"公司"）于 2024 年 4 月 26 日 召开第三届董事会第十四次会议，审议通过了《关于以集中竞价交易方式回购公 司股份方案的议案》，具体内容详见公司于 2024 年 4 月 27 日在巨潮资讯网 （http://www.cninfo.com.cn）及《证券时报》《证券日报》《中国证券报》《上海证 券报》上披露的《关于以集中竞价交易方式回购股份方案的公告》（公告编号： 2024-039）。 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的规定， 现将公司股东大会股权登记日（即 2024 年 5 月 14 日）登记在册的前十名股东及 前十名无限售条件股东持股情况公告如下： | 序 | | 持股数量 | 占总股本 | | --- | --- | --- | --- | | 号 | 持有人名称 | （股） | 的比例 | ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% compared to the benchmark index within the next 6 to 12 months [10][7]. Core Insights - In 2023, the company achieved total revenue of 1.901 billion yuan, a year-on-year increase of 27.69%, and a net profit attributable to the parent company of 134 million yuan, up 31.43% year-on-year [2][3]. - The company has increased its focus on large clients, with the number of major clients rising to 197, a 27.92% increase year-on-year. Direct sales to large clients reached 775.19 million yuan, growing by 49.89% year-on-year [2][3]. - The company’s gross profit margin improved, with the overall gross margin increasing to 25.45% in Q1 2024, up 1.49 percentage points year-on-year [2][3]. Financial Performance Summary - For 2023, the company reported total revenue of 1.901 billion yuan, with a year-on-year growth rate of 28%. The net profit for the same year was 134 million yuan, reflecting a 32% increase [5]. - The projected revenues for 2024, 2025, and 2026 are 2.233 billion yuan, 2.619 billion yuan, and 3.052 billion yuan, respectively, with a consistent growth rate of approximately 17% [5]. - The net profit forecasts for the next three years are 161 million yuan, 200 million yuan, and 256 million yuan, indicating a growth rate of 20% to 28% [5]. Market and Product Strategy - The company is focusing on expanding its product lines and enhancing service capabilities for existing large clients while also targeting new emerging markets such as snack foods and coffee chains [2][3]. - The company aims to solidify its leading position in the fried food segment while developing and promoting other key products, with a goal of establishing 3 to 5 core products generating over 100 million yuan each within the next 3 to 5 years [2][3].

Investment Rating - The report maintains a "Recommend" rating for the company [7][11] Core Views - The company achieved revenue of RMB 1,901 million in 2023, a year-on-year increase of 27.69%, with net profit attributable to shareholders of RMB 134 million, up 31.43% YoY [1] - In Q1 2024, the company reported revenue of RMB 463 million, up 8.04% YoY, and net profit attributable to shareholders of RMB 35 million, up 14.16% YoY [1] - The company plans to distribute a cash dividend of RMB 0.19 per share for 2023, accounting for 54.55% of the net profit attributable to shareholders [1] - The company focuses on core products such as fried dough sticks and steamed dumplings, while cultivating new products like rice cakes and spring rolls [1] - The company's direct sales channel revenue increased by 49.89% YoY in 2023, while the distribution channel revenue grew by 15.73% YoY [1] - The company's gross margin in 2023 was 23.70%, up 0.29 percentage points YoY, while the non-GAAP net profit margin was 6.46%, down 0.03 percentage points YoY [1] - The company is expected to achieve revenue of RMB 2,222 million, RMB 2,709 million, and RMB 3,251 million in 2024, 2025, and 2026, respectively, with year-on-year growth rates of 16.9%, 21.9%, and 20.0% [1] - The company's net profit attributable to shareholders is expected to be RMB 168 million, RMB 207 million, and RMB 250 million in 2024, 2025, and 2026, respectively, with year-on-year growth rates of 25.2%, 22.9%, and 21.1% [1] Financial Performance - The company's revenue in 2023 was RMB 1,901 million, with a net profit attributable to shareholders of RMB 134 million [1] - The company's gross margin in 2023 was 23.70%, up 0.29 percentage points YoY [1] - The company's non-GAAP net profit margin in 2023 was 6.46%, down 0.03 percentage points YoY [1] - The company's revenue in Q1 2024 was RMB 463 million, with a net profit attributable to shareholders of RMB 35 million [1] - The company's revenue is expected to grow to RMB 2,222 million, RMB 2,709 million, and RMB 3,251 million in 2024, 2025, and 2026, respectively [1] - The company's net profit attributable to shareholders is expected to grow to RMB 168 million, RMB 207 million, and RMB 250 million in 2024, 2025, and 2026, respectively [1] Product Strategy - The company focuses on core products such as fried dough sticks and steamed dumplings [1] - The company is cultivating new products like rice cakes, spring rolls, and baked goods [1] - In 2023, the revenue from fried products, baked products, steamed products, and other dishes was RMB 870 million, RMB 355 million, RMB 373 million, and RMB 295 million, respectively, with year-on-year growth rates of 24.23%, 29.16%, 26.41%, and 38.63% [1] Channel Development - The company's direct sales channel revenue in 2023 was RMB 775 million, up 49.89% YoY [1] - The company's distribution channel revenue in 2023 was RMB 1,118 million, up 15.73% YoY [1] - The number of major clients reached 197 by the end of 2023, up 27.92% YoY [1] - The number of distributors reached 1,541 by the end of 2023, up 33.77% YoY [1] Valuation - The company's current PE ratio is 21X, 17X, and 14X for 2024, 2025, and 2026, respectively [1] - The company's PB ratio is 1.8X, 1.7X, and 1.5X for 2024, 2025, and 2026, respectively [15] Future Outlook - The company is expected to deepen its cooperation with major clients and expand its product categories [1] - The company is expected to develop breakfast and group meal scenarios to increase product penetration and drive sales growth [1] - The company's revenue is expected to grow to RMB 2,222 million, RMB 2,709 million, and RMB 3,251 million in 2024, 2025, and 2026, respectively [1] - The company's net profit attributable to shareholders is expected to grow to RMB 168 million, RMB 207 million, and RMB 250 million in 2024, 2025, and 2026, respectively [1]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price based on the latest closing price of 35.91 CNY per share, corresponding to a PE ratio of 22/18/15 for the years 2024-2026 [12][15]. Core Insights - The company achieved a revenue of 1.901 billion CNY in 2023, representing a year-on-year increase of 27.69%, and a net profit attributable to the parent company of 134 million CNY, up 31.43% year-on-year [3]. - The growth in revenue is attributed to the acceleration of restaurant chain development and cost reduction in the food service sector, alongside the company's focus on enhancing customer service and product offerings [3][14]. - The company is actively developing new pre-prepared dishes to meet the demands of chain restaurants and catering markets, indicating a strategic focus on product innovation [3][15]. Financial Summary - In Q1 2024, the company reported a revenue of 463 million CNY, a year-on-year increase of 8.04%, with a net profit of 35 million CNY, up 14.16% year-on-year [3]. - The gross margin for 2023 was 23.70%, an increase of 0.29 percentage points year-on-year, driven by cost reduction measures and production optimization [3]. - The company’s net profit margin improved to 7.06% in 2023, reflecting a 0.22 percentage point increase year-on-year [3]. Revenue Breakdown - Revenue from different product categories in 2023 included 870 million CNY from fried products, 355 million CNY from baked goods, 373 million CNY from steamed products, and 295 million CNY from dishes and others, with respective year-on-year growth rates of 24.23%, 29.16%, 26.41%, and 38.63% [3]. - Direct sales and distribution channels generated revenues of 775 million CNY and 1.118 billion CNY, respectively, with year-on-year growth rates of 49.89% and 15.73% [3]. Future Projections - The revenue forecast for 2024 is adjusted to 2.205 billion CNY, with a projected net profit of 164 million CNY, reflecting a year-on-year growth of 21.9% [5][15]. - The company aims to continue expanding its market presence and product offerings, particularly in the frozen food sector, where it has established a competitive advantage [15][24].

中德证券有限责任公司文件 中德证发〔2024〕36号 签发人: 万 军 中德证券有限责任公司 关于郑州千味央厨食品股份有限公司 首次公开发行股票并上市之 保荐总结报告书 中国证券监督管理委员会、深圳证券交易所: 郑州千味央厨食品股份有限公司(以下简称"千味央厨"或 "公司")首次公开发行股票于2021年9月6日在深圳证券交 易所主板上市。公司聘请国都证券股份有限公司(以下简称"国 都证券")担任首次公开发行股票并上市及持续督导的保荐机构, 持续督导期至 2023年 12月 31 日止。 千味央厨分别于 2023年 3 月 23 日、2023年 4 月 10 日召开 第三届董事会第五次会议和2023年第一次临时股东大会,审议 -1- 通过了向特定对象发行股票预案的相关议案。千味央厨董事会根 据股东大会授权聘请中德证券有限责任公司(以下简称"中德证 券"或"保荐机构"）担任本次发行的保荐机构。中德证券自 2023 年 4 月 10 日 起承接国都证券尚未完成的持续督导工作,持续督 导期至 2023年12月 31 日止。 截至目前,千味央厨首次公开发行股票的持续督导期已满, 中德证券根据《证券发行上市保荐业务管理办 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 44.91 CNY, indicating an expected increase of over 20% in the next 6 months [4][5][15]. Core Views - Despite a slowdown in revenue growth in Q1 2024, the company's long-term value remains intact, supported by a share buyback plan of 0.6-1 billion CNY to enhance market confidence [3][4]. - The company has demonstrated strong growth in its core business segments, particularly in the catering sector, with significant revenue increases from key products and channels [2][3]. - The overall profitability remains robust, with a slight increase in gross margin and net profit margin, indicating effective cost management and product mix optimization [3][4]. Summary by Sections Financial Performance - In 2023, the company achieved a revenue of 1.901 billion CNY, a year-on-year increase of 28%, and a net profit of 134 million CNY, up 31% [1][4]. - Q1 2024 revenue was 463 million CNY, reflecting an 8% year-on-year growth, while net profit reached 35 million CNY, a 14% increase [1][4]. Product and Channel Growth - The company experienced significant revenue growth across various product categories in 2023, with notable increases in the cooked dishes segment, driven by popular items like steamed dumplings and prepared dishes [2]. - Direct sales and distribution channels saw revenue growth of 49.89% and 15.73% respectively, with major clients contributing to the rapid development of direct sales [2]. Profitability and Cost Management - The gross margin for 2023 was 23.70%, with an increase to 25.45% in Q1 2024, attributed to lower raw material costs and improved product mix [3]. - The net profit margin for 2023 was 6.97%, increasing to 7.44% in Q1 2024, indicating stable profitability despite rising expense ratios [3][4]. Future Outlook - The company is expected to maintain strong growth, with projected net profits of 178 million CNY and 224 million CNY for 2024 and 2025 respectively, reflecting growth rates of 33% and 26% [4][11]. - The company’s customer structure is favorable, and its internal growth momentum is high, suggesting significant future growth potential [4].