Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The report highlights a robust recovery expected in the large B-end market in Q2 2024, despite a weaker performance in Q1 2024 [2][3] - The company's 2023 annual report and Q1 2024 quarterly report were released, showing Q1 revenue of 460 million (up 8.0%) and a net profit attributable to the parent company of 40 million (up 14.2%) [2] - The annual report met expectations, while the quarterly report fell short of market expectations [2] Revenue Analysis - In 2023, the company achieved a total revenue of 1.901 billion (up 27.7%) and a net profit of 134 million (up 31.4%) [2] - For Q4 2023, revenue was 570 million (up 25.0%) with a net profit of 40 million (up 23.2%) [2] - The revenue from direct sales and distribution channels in 2023 was 780 million and 1.112 billion respectively, showing increases of 49.9% and 15.7% year-on-year [2] Product Structure - The revenue breakdown for 2023 included 870 million from fried products, 360 million from baked goods, 370 million from steamed products, and 300 million from dishes, with respective year-on-year growth rates of 24.2%, 29.2%, 26.4%, and 38.6% [2] - The report notes significant growth in the dish category, particularly from products like steamed dumplings and prepared dishes [2] Profitability - The gross margin and net profit margin for 2023 were 23.7% and 7.1% respectively, reflecting increases of 0.3 and 0.2 percentage points year-on-year [2] - For Q1 2024, the gross margin and net profit margin improved to 25.5% and 7.5% respectively, with the increase primarily attributed to the small B-end's margin enhancement [2] Financial Forecast - The company is projected to achieve revenues of 2.221 billion, 2.643 billion, and 3.025 billion for 2024, 2025, and 2026 respectively, with year-on-year growth rates of 16.8%, 19.0%, and 14.4% [13] - The net profit attributable to the parent company is expected to reach 163 million, 202 million, and 245 million for the same years, with growth rates of 21.8%, 23.3%, and 21.6% respectively [13]

Investment Rating - The report assigns a "Recommended" rating to the company, indicating an expected performance that exceeds the benchmark index by 10%-20% over the next six months [33]. Core Insights - The company achieved a revenue of 1.901 billion yuan in 2023, reflecting a year-on-year growth of 31.4%. The net profit attributable to the parent company reached 134 million yuan, up 31.8% year-on-year [25][26]. - The first quarter of 2024 saw a revenue of 460 million yuan, representing an 8.0% increase compared to the same period last year [25]. - The company plans to repurchase shares worth no less than 60 million yuan, signaling confidence in its future performance [25]. Financial Summary - **Revenue Growth**: The total revenue for 2023 was 1.901 billion yuan, with a growth rate of 31.4%. Projections for 2024 and 2025 are 2.187 billion yuan and 2.624 billion yuan, respectively, indicating continued growth [3][25]. - **Net Profit**: The net profit attributable to the parent company for 2023 was 134 million yuan, with a projected increase to 203 million yuan in 2024 and 255 million yuan in 2025 [3][25]. - **Earnings Per Share (EPS)**: The EPS for 2023 was 1.35 yuan, with forecasts of 1.61 yuan for 2024 and 2.04 yuan for 2025 [3][25]. - **Profitability Ratios**: The gross margin for 2023 was 23.7%, with expectations of slight improvements in the following years [3][25]. - **Valuation Metrics**: The report adjusts the price-to-earnings (P/E) ratio to 26 for 2023, with a target price of 40.25 yuan based on a projected P/E of 25 for 2024 [25][26].

证券代码：001215 证券简称： 千味央厨 公告编号：2024-039 郑州千味央厨食品股份有限公司 关于以集中竞价交易方式回购股份方案的公告 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。 特别提示： 1、回购股份基本情况 郑州千味央厨食品股份有限公司（以下简称"公司"）拟使用自有资金通过 集中竞价交易方式回购公司普通股股份，用于注销以减少注册资本。本次回购资 金总额不低于人民币 6,000 万元（含）且不超过人民币 10,000 万元（含），回购 价格不超过人民币 61.90 元/股（含）。按照回购资金总额的上下限及回购价格上 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为自公司股东大会审议通过本回购方案之日起 12 个月内。 2、相关股东是否存在增减持计划 截至本公告日，公司控股股东、实际控制人、董事、监事、高级管理人员目 前尚无增减持计划，如回购期间有增减持计划出现，本公司将按相关规定处理、 ...

郑州千味央厨食品股份有限公司 财务报表及审计报告 二零二三年十二月三十一日止年度 郑州千味央厨食品股份有限公司 财务报表及审计报告 2023 年 12 月 31 日止年度 | 内容 | | 页码 | | --- | --- | --- | | 审计报告 | 1 | - 4 | | 合并及母公司资产负债表 | 5 | - 8 | | 合并及母公司利润表 | 9 - | 10 | | 合并及母公司现金流量表 | 11 | - 12 | | 合并及母公司股东权益变动表 | 13 | - 14 | | 财务报表附注 | 15 | - 95 | 审计报告 德师报(审)字(24)第 P06158 号 (第 1 页，共 4 页) 郑州千味央厨食品股份有限公司全体股东： 一、 审计意见 我们审计了郑州千味央厨食品股份有限公司(以下简称"千味央厨")的财务报表，包括 2023 年 12月 31日的合并及母公司资产负债表、2023年度的合并及母公司利润表、合并及母公司现 金流量表、合并及母公司股东权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了 千味央厨 2023 年 ...

郑州千味央厨食品股份有限公司 2023 年度董事会工作报告 2023 年，郑州千味央厨食品股份有限公司（以下简称"公司"）董事会在 严格遵守《中华人民共和国公司法》（以下简称"公司法"）、《中华人民共和 国证券法》（以下简称"《证券法》"）等国家法律法规和《公司章程》等相关 规定的原则下，本着对全体股东负责的态度，认真履行股东大会赋予的董事会职 责，勤勉尽责地开展各项工作，维护股东及公司利益，持续完善公司治理水平， 以促进公司持续、健康、稳定发展。 现将公司董事会 2023 年工作情况汇报如下： 一、2023 年公司整体经营情况 2023 年，公司整体经营情况如下： 报告期，公司实现营业收入 19.01 亿元，同比增长 27.69%，报告期内公司实 现归母净利润为 1.34 亿元，同比增长 31.43%，其中 2023 年因股权激励产生的支 付费用为 1,791.08 万元，扣除企业所得税后，股权激励对利润的影响金额为 1,343.31 万元。不考虑股权激励的影响，公司 2023 年归母净利润为 1.48 亿元， 同比增长 27.64%，公司利润增长率与销售收入增长率基本一致，呈现出高质量 发展的良好态势。 ...

关于郑州千味央厨食品股份有限公司 募集资金存放与实际使用情况的 专项报告及审核报告 审核报告 德师报(核)字(24)第 E00457 号 郑州千味央厨食品股份有限公司全体股东： 我们审核了后附的郑州千味央厨食品股份有限公司(以下简称"公司"或"千味央厨")截至 2023 年 12 月 31 日止募集资金存放与实际使用情况的专项报告(以下简称"募集资金存放与实际 使用情况报告")。 一、董事会对募集资金存放与实际使用情况报告的责任 按照中国证券监督管理委员会《上市公司监管指引第 2号——上市公司募集资金管理和使 用的监管要求》及《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 的规定编制募集资金存放与实际使用情况报告，并保证募集资金存放与实际使用情况报告的 内容真实、准确、完整，且不存在虚假记载、误导性陈述或重大遗漏是千味央厨董事会的责 任。 二、注册会计师的责任 - 1 - 审核报告 - 续 德师报(核)字(24)第 E00457 号 四、本报告的使用范围 本报告仅供千味央厨本次向相关监管部门报告募集资金的存放与实际使用情况时使用， 不得用作任何其他目的。 德勤华永会计师事务所(特殊普 ...

出席本次业绩说明会的人员有：公司董事长孙剑先生，董事、副总经理、董 事会秘书徐振江先生，独立董事蒋辉先生（具体参会人员将根据实际情况决定）。 为充分尊重投资者、提升公司与投资者之间的交流效率及针对性，公司现向 所有投资者提前公开征集问题，广泛听取投资者的意见和建议。投资者可于 2024 年 5 月 6 日（星期一）17:00 前将关注的问题通过电子邮件的形式发送至公司邮 箱：zqb@qwyc.pro（邮件请注明"业绩说明会"字样）。公司将在 2023 年度业绩 说明会上，对投资者普遍关注的问题进行回答。 欢迎广大投资者积极参与。 证券代码：001215 证券简称：千味央厨 公告编号：2024-036 郑州千味央厨食品股份有限公司 关于举行 2023 年度网上业绩说明会的公告 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"）将于 2024 年 5 月 9 日 （星期四）下午 14:00 在全景网举办 2023 年度网上业绩说明会, 本次年度业绩 说明会将采用网络远程的方式举行，投资者可登录全景网"投资者关系互动平台 ...

董事会审计委员会对会计师事务所 2023 年度履职情况评估 及履行监督职责情况的报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理 准则》《国有企业、上市公司选聘会计师事务所管理办法》《深圳证券交易所上 市公司自律监管指引第 1 号——主板上市公司规范运作》和《郑州千味央厨食品 股份有限公司章程》等规定和要求，郑州千味央厨食品股份有限公司（以下简称 "公司"）董事会审计委员会本着勤勉尽责的原则，恪尽职守，认真履职。现将 董事会审计委员会对公司年审会计师事务所 2023 年度履职评估及履行监督职责 的情况汇报如下： 一、2023 年年审会计师事务所基本情况 （一）会计师事务所基本情况 郑州千味央厨食品股份有限公司 1、基本信息 2、投资者保护能力 德勤华永具备投资者保护能力，购买的职业保险累计赔偿限额超过人民币 2 亿元，符合相关规定。德勤华永近三年未因执业行为在相关民事诉讼中承担民事 责任。 （1）会计师事务所名称：德勤华永会计师事务所（特殊普通合伙）（以下 简称"德勤华永"）； （2）成立日期：德勤华永的前身是 1993 年 2 月成立的沪江德勤会计师事务 所有限公司，于 2002 年 ...

证券代码：001215 证券简称：千味央厨 公告编号：2024-031 郑州千味央厨食品股份有限公司 第三届监事会第十三次会议决议公告 本公司及其监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。 一、监事会会议召开情况 郑州千味央厨食品股份有限公司（以下简称"公司"）第三届监事会第十三 次会议通知于 2024 年 4 月 16 日以电话、短信、电子邮件方式送达了全体监事， 会议于 2024 年 4 月 26 日在公司会议室以现场方式召开。本次会议应出席监事 3 人，实际出席监事 3 人。 表决情况：同意 3 票，反对 0 票，弃权 0 票。 表决结果：通过。 该议案需提交股东大会审议。 2、《关于 2023 年度监事会工作报告的议案》 具体内容详见公司于 2024 年 4 月 27 日在巨潮资讯网（www.cninfo.com.cn） 上刊登的《2023 年度监事会工作报告》。 本次会议由监事会主席朱泓冰女士主持，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》等法律、法规及《郑州千味央厨食品股份有限公 司章程》的有关规定。 二、监事会会议审议情况 1、《关 ...

Financial Performance - The company's revenue for Q1 2024 was ¥463,496,417.64, representing an increase of 8.04% compared to ¥428,996,352.15 in the same period last year[4] - Net profit attributable to shareholders was ¥34,575,081.72, up 14.16% from ¥30,285,893.94 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥33,673,861.29, reflecting a 14.05% increase from ¥29,524,540.55 in the previous year[4] - Total operating revenue for Q1 2024 reached CNY 463,496,417.64, an increase of 8.5% compared to CNY 428,996,352.15 in the same period last year[16] - Net profit for Q1 2024 was CNY 34,479,319.51, representing a 15.3% increase from CNY 29,921,474.03 in Q1 2023[17] - Operating profit for the quarter was CNY 43,812,408.64, up from CNY 40,544,045.73, indicating a growth of 5.6% year-over-year[17] Assets and Liabilities - The company's total assets increased by 18.46% to ¥2,142,734,153.25 from ¥1,808,845,786.41 at the end of the previous year[4] - Total current assets increased to ¥990,261,580.71 from ¥650,976,338.07, representing a growth of approximately 52%[14] - Total liabilities decreased to CNY 313,451,433.64 from CNY 593,285,054.77, showing a significant reduction of approximately 47.1%[17] - Total current liabilities decreased to ¥235,219,728.78 from ¥375,767,766.95, a reduction of about 37%[14] - Long-term borrowings decreased significantly from ¥184,300,000.00 to ¥37,500,000.00, a decline of approximately 80%[14] Shareholder Equity - Shareholders' equity attributable to the parent company rose by 50.51% to ¥1,828,959,498.95 from ¥1,215,141,748.77 at the end of the previous year[4] - The company's total equity increased to CNY 1,829,282,719.61, up from CNY 1,215,560,731.64, marking a growth of 50.5%[17] - The company’s capital reserve increased significantly to CNY 1,142,425,801.45 from CNY 579,637,703.93, reflecting a growth of 96.9%[17] Cash Flow - The net cash flow from operating activities was negative at -¥77,998,882.92, a decline of 219.70% compared to -¥24,397,340.62 in the same period last year[4] - The company reported a net cash outflow from operating activities of CNY -77,998,882.92, compared to CNY -24,397,340.62 in the previous year, reflecting increased cash usage[18] - Cash inflow from financing activities amounted to CNY 589,999,978.36, with no inflow reported in the same period last year[18] - The total cash and cash equivalents at the end of Q1 2024 reached ¥589,761,664.51, up from ¥220,044,851.51 at the end of Q1 2023, indicating a significant increase[19] - The net increase in cash and cash equivalents for Q1 2024 was ¥307,541,599.27, contrasting with a decrease of ¥160,180,717.92 in Q1 2023[19] Expenses - The company reported a significant increase in research and development expenses, which rose by 39.32% to ¥493.57 million due to increased personnel costs and material expenditures[7] - Research and development expenses for the quarter were CNY 4,935,664.33, an increase of 39.3% from CNY 3,542,642.23 in the previous year[16] - The company’s sales expenses rose to CNY 27,297,190.20, up 25.5% from CNY 21,778,515.52 in the same quarter last year[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,631[10] - The largest shareholder, Qiongcheng Chengzhi Enterprise Management Consulting Co., Ltd., holds 40.18% of shares, totaling 39,882,000 shares[10] Other Information - The company received government subsidies amounting to ¥1,317,926.24 during the period, contributing to the increase in other income[6] - The company did not distribute dividends or profits to minority shareholders in Q1 2024[19] - The financial report for Q1 2024 was not audited[20]