Core Viewpoint - The company, Quanjude, demonstrates strong operational resilience and innovative strategies in the face of a slowing domestic restaurant market, achieving a revenue of 630 million yuan and a net profit of 12.38 million yuan in the first half of 2025 [2]. Group 1: Business Strategy and Performance - Quanjude is implementing a "restaurant + food" dual-driven strategy, focusing on service quality, dish innovation, and enhancing consumer experiences to adapt to market changes [2][3]. - The company has introduced new products such as the milk cap thick yogurt and themed dining experiences, which have contributed to revenue and brand reputation [3]. - The company has expanded its non-dining business, with online channels seeing significant growth, including the launch of new meal packages and partnerships with delivery platforms [4][7]. Group 2: Market Expansion and Consumer Engagement - Quanjude is actively breaking traditional customer demographics by enhancing customer engagement through innovative dining experiences and cultural integration [3][5]. - The company has opened its first direct store in Hainan, collaborating with Wangfujing Group to create a new shopping and dining experience [3]. - The company has successfully launched various marketing initiatives, including cultural events and collaborations with toy brands, to attract younger consumers [4][5]. Group 3: Product Innovation and Diversification - The company is focusing on product diversification, launching a range of snack products and collaborating with other brands to create new flavors, such as the old Beijing roast duck pizza [6][7]. - Quanjude has introduced several new products in its food segment, including packaged duck snacks and seasonal gift boxes, to cater to consumer preferences for quality and health [6][7]. - The company has achieved significant online sales growth, with its flagship store on Douyin seeing a doubling of revenue through live streaming initiatives [7].

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, indicating challenges in its traditional business model while attempting to innovate and diversify its offerings [1][2]. Financial Performance - Revenue for the first half of 2025 was 630 million yuan, a year-on-year decrease of 8.34% [1]. - Net profit attributable to shareholders was 12.38 million yuan, down 57.79% year-on-year [1]. Business Transformation - The company has been focusing on transforming its traditional dining experience by introducing innovative dining concepts and diversifying its offerings to attract local consumers and tourists [1]. - New initiatives include the "Wang Tian Er" rooftop theme restaurant and the "Quanjude·You Mian Er" store-in-store concept, which focuses on noodle dishes [1]. - The company is also exploring cultural experiences through its museum and various activities, enhancing its brand presence [1]. Product Development - The company has launched several new products in its food business, including unique duck snacks and ready-to-eat items, which have gained popularity among younger consumers [1]. - The introduction of seasonal innovative pastries and specialty drinks reflects the company's adaptation to new consumer trends [1]. Online Growth - The company has seen significant growth in its online channels, with a notable increase in order volume and the opening of satellite stores focused on delivery [2]. - Twelve of its stores were included in Meituan's 2025 must-order list, highlighting the effectiveness of its marketing strategies [2]. Challenges and Outlook - The transformation efforts have led to short-term profit declines due to substantial investments in theme restaurant renovations, new product development, and marketing [2]. - The company acknowledges that the market cultivation and return on investment will require time, and the effectiveness of its transformation will need further evaluation [2].

Core Viewpoint - The financial performance of Quanjude in the first half of 2025 shows a significant decline in both revenue and net profit, indicating challenges in the restaurant industry and potential impacts on future growth [1] Financial Performance - The company reported a revenue of 630 million yuan, a year-on-year decrease of 8.34% [1] - The net profit attributable to shareholders was 12.38 million yuan, down 57.79% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 3.90 million yuan, a decline of 84.61% year-on-year [1] - Basic earnings per share were 0.04 yuan [1] Store Expansion - As of the end of the reporting period, the company operated a total of 96 dining outlets in cities including Beijing, Shanghai, and Hangzhou, as well as overseas [1] - The Quanjude brand had 81 outlets, consisting of 35 direct-operated and 46 franchised stores [1] - The company also operates 6 Fengze Garden brand outlets (2 direct-operated, 4 franchised), 8 Sichuan Restaurant brand outlets (all direct-operated), and 1 imitation brand outlet (direct-operated) [1] Business Development - In addition to traditional Chinese cuisine, the company is expanding its group meal business, having added 3 new projects including Xiong'an University Town, bringing the total to 11 projects [1] - The group meal business generated over 21 million yuan in revenue during the first half of the year [1]

Core Viewpoint - The company, Quanjude, reported a revenue of 630 million yuan and a net profit of 12.38 million yuan for the first half of 2025, demonstrating strong operational resilience amid changing consumer trends and market dynamics [2] Group 1: Business Strategy and Performance - Quanjude is advancing a "Catering + Food" dual-driven strategy, focusing on product innovation, market expansion, brand building, and marketing efforts to enhance operational performance [2] - The company has launched several new products, including Chenpi Duck and sauce wine, and has seen significant sales growth from its hand-made roast duck gift boxes through online channels [5][6] - The online sales platform "Quanjude Goods Shop" achieved a record high in revenue, with sales increasing by over 30% year-on-year [6] Group 2: Market Adaptation and Consumer Engagement - The company is embracing new consumer trends by integrating "culture + product + service," enhancing customer loyalty through dish innovation and expanding customer channels [3] - Quanjude has opened its first direct store in Hainan, filling a gap in the South China market, and is collaborating with various partners to create new dining experiences [4] - The company has successfully engaged in cross-industry collaborations, launching unique products like the Beijing Roast Duck Pizza and expanding its catering services [6][7] Group 3: Future Outlook - With favorable policies like the "Consumption Promotion Special Action Plan," the market is expected to continue recovering, and Quanjude aims to deepen its dual-driven strategy while exploring new paths for the development of its time-honored brand [8]

Core Insights - The company reported a decline in revenue and net profit for the first half of 2025, with revenue at 629 million yuan, down 8.34% year-on-year, and net profit at 12.38 million yuan, down 57.79% year-on-year [1][2] Group 1: Financial Performance - The company's revenue for the first half of 2025 was 629 million yuan, representing a year-on-year decrease of 8.34% [1] - The net profit attributable to shareholders was 12.38 million yuan, reflecting a significant year-on-year decline of 57.79% [1] Group 2: Store Expansion and Brand Development - The company operates a total of 96 restaurants across various locations, including Beijing, Shanghai, and Hangzhou, with 81 under the "Quanjude" brand [1] - The company is focusing on multi-brand collaboration, with brands including "Quanjude," "Fangshan," "Fengze Garden," and "Sichuan Restaurant" [1] Group 3: Business Diversification and New Initiatives - The company is expanding its non-dine-in business, having opened 4 new Meituan satellite stores and introduced cooking robots in some locations to enhance product consistency [2] - The company has launched a new store concept "Quanjude·You Mian Er" focusing on noodle dishes, exploring market penetration strategies [2] - The company has also expanded its group meal projects, adding 3 new projects in the first half of the year, generating over 21 million yuan in revenue [2] Group 4: Online and Offline Channel Development - The company is leveraging both online and offline channels to drive growth, with significant revenue increases from products like salted duck and matsutake duck [2] - The company's online store achieved record revenue, with sales from its flagship store on Douyin doubling year-on-year [2]

中国全聚德（集团）股份有限公司 年报信息披露重大差错责任追究制度 第一章 总 则 第一条 为了提高公司的规范运作水平，增强信息披露的真实性、准确性、 完整性和及时性，提高年报信息披露的质量和透明度，根据《中华人民共和国公 司法》《中华人民共和国证券法》《上市公司信息披露管理办法》《公开发行证 券的公司信息披露内容与格式准则第 2 号——年度报告的内容与格式》《深圳证 券交易所股票上市规则》等法律、法规、规范性文件以及《中国全聚德（集团） 股份有限公司章程》（以下简称"《公司章程》"），结合公司实际情况，制订 本制度。 第二条 本制度所指责任追究制度是指年报信息披露工作中有关人员违反 监管规则、不履行或者不正确履行职责、义务或其他个人原因，对公司造成重大 经济损失或造成不良社会影响时的追究与处理制度。 或造成不良影响的； 2.过错与责任相适应，责任与权利对等原则。 第六条 董事会秘书负责收集、汇总与追究责任有关的资料，按制度规定提 出相关处理方案，逐级上报公司董事会批准。 第二章 年报信息披露重大差错的责任追究 第七条 有下列情形之一的应当追究责任人的责任： 1.违反《中华人民共和国公司法》《中华人民共和国证券 ...

中国全聚德（集团）股份有限公司 投资者投诉管理制度 第一条 为规范中国全聚德（集团）股份有限公司（以下简称"公司"）投 资者投诉管理程序，及时、公正地处理投资者投诉，维护公司信誉，依据《中华 人民共和国公司法》《中华人民共和国证券法》及国务院办公厅《关于进一步 加强资本市场中小投资者合法权益保护工作的意见》等相关法律、法规和《中 国全聚德（集团）股份有限公司章程》（以下简称"《公司章程》"），制定 本制度。 第二条 投诉的来源包括来信、来电、来访，证券监督管理机构和其他部门 单位转办的投诉。 第三条 证券事务部为公司处理投资者投诉的部门，负责协调各部门及时处 理投资者的投诉。设主管负责人和投诉处理工作人员各一名。主要职责包括： （一）受理各种直接投诉； （二）承接中国证监会"12386"服务平台的转办件，及其他的间接投诉； （三）调查、核实投诉事项，提出处理意见，及时答复投诉人； 第十条 本制度未尽事宜或与相关法律、法规及《公司章程》相抵触时，执 行法律、法规和《公司章程》的规定。 第十一条 本制度由公司董事会负责解释，经董事会审议通过之日起实施。 （四）对投诉信息涉及的工作事项提出加强与改进工作的意见或建议 ...

中国全聚德（集团）股份有限公司 董事会秘书工作规则 第一章 总 则 第一条 为规范中国全聚德（集团）股份有限公司（简称"公司"）董事 会秘书的工作和行为，促进公司董事会秘书依法、充分履行职责，依据《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》"）《深圳证券交易所股票上市规则（2025 年修订）》（以 下简称"《股票上市规则》"）、《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》等有关法律、法规及《中国全聚德（集团）股份 有限公司章程》（以下简称"《公司章程》"），制定本规则。 第二条 公司设立董事会秘书，作为公司与深圳证券交易所（以下简称"深 交所"）之间的指定联络人。董事会秘书是公司高级管理人员，承担法律、法规 及《公司章程》对公司高级管理人员所要求的义务，享有相应的工作职权。 第三条 董事会设证券事务部作为董事会常设工作机构，在董事会秘书的 领导下开展工作。证券事务部应配备协助董事会秘书工作的专职人员，包括但不 限于证券事务代表等。 第二章 任职条件及任免程序 第四条 董事会秘书应当具备履行职责所必需的财务、管理、法律等专业 ...

中国全聚德（集团）股份有限公司 信息披露管理制度 第一章 总则 第一条 为了规范中国全聚德（集团）股份有限公司（以下简称"公司"） 及其他信息披露义务人的信息披露行为，加强信息披露事务管理，保护投资者合 法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称 "《证券法》"）《上市公司信息披露管理办法》《深圳证券交易所股票上市规 则》（以下简称"《股票上市规则》"）《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》《深圳证券交易所上市公司自律监管指引第5号—— 信息披露事务管理》等有关法律、法规、规范性文件以及《中国全聚德（集团） 股份有限公司章程》（以下简称"《公司章程》"）的有关规定，结合本公司实际 情况，制定本制度。 第二条 本制度所称"信息"，是指对公司股票及其衍生品种交易价格已 经或可能产生较大影响或影响投资者决策的信息，以及其他相关法律、行政法规、 部门规章和证券监管部门要求披露的信息。本制度所称"披露"，是指在规定的 时间内、在规定的媒体上、按规定的程序、以规定的方式向社会公众公布，并送 达证券监管部门。 第三条 本制度所称"信息披露义务人"是指上市公司及其董 ...

2025 年第二次独立董事专门会议决议 中国全聚德（集团）股份有限公司 根据《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》《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》等相关法 律法规及规范性文件以及《中国全聚德（集团）股份有限公司章程》（以下简称 "《公司章程》"）的有关规定，中国全聚德（集团）股份有限公司（以下简称"公 司"）于 2025 年 8 月 11 日以通讯方式召开 2025 年第二次独立董事专门会议。本 次会议由公司过半数独立董事共同推举独立董事吕守升召集并主持。本次通讯表 决应参加的独立董事 3 人，实际参加通讯表决的独立董事 3 人。 全体独立董事本着认真、负责的态度，在认真阅读公司提供的资料，听取 有关人员的汇报并详细了解有关情况后，对拟提交公司董事会第十届二次会议审 议的部分事项进行了审议，具体如下： 《关于<北京首都旅游集团财务有限公司风险持续评估报告（2025 年半年 度）>的议案》 表决情况：同意 3 票，反对 0 票，弃权 0 票 经审核，我们认为：公司出具的《北京首都旅游集团财务有限公司风险持 续评估报告（2025 年半年度）》充分反映了北 ...