第一条 为明确三全食品股份有限公司（以下简称"公司"）董事会的职责 权限，规范董事会组织及董事行为及操作规则，充分发挥董事会的经营决策作用， 根据《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》）和《三全食品股份有限公司章程》（简称"《公 司章程》"）的规定，制定本规则。 第二章 董事会性质和职权 第二条 公司依法设立董事会，董事会受股东会的委托，负责经营和管理公 司的法人财产，是公司的经营决策机构，对股东会负责。 三全食品股份有限公司董事会议事规则 三全食品股份有限公司 董事会议事规则 （2025 年 4 月修订） 第一章 总 则 第三条 董事会行使下列职权： 1、召集股东会，并向股东会报告工作； 2、执行股东会的决议； 3、决定公司经营计划和投资方案； 4、制订公司的利润分配方案和弥补亏损方案； 5、制订公司增加或者减少注册资本、发行债券或其他证券及上市方案； 6、拟订公司重大收购、收购本公司股票或者合并、分立、解散及变更公司 形式的方案； 7、在股东会授权范围内，决定公司对外投资、收购出售资产、资产抵押、 对外担保事项、委托理财、关联交易、对外捐赠等事项； ...

（二）资助对象为上市公司合并报表范围内的且持股比例超过 50%的控股子 公司，且该控股子公司其他股东中不包含上市公司的控股股东、实际控制人及其 关联人； 三全食品股份有限公司对外提供财务资助管理办法 三全食品股份有限公司 对外提供财务资助管理办法 （2025年4月修订） 第一章 总 则 第一条 为依法规范三全食品股份有限公司（以下简称"公司"）对外提供 财务资助行为，防范财务风险，确保公司经营稳健，根据《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》、《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（2023 年 12 月修订）》的相 关规定，制定《三全食品股份有限公司对外提供财务资助管理办法》（以下简称 "本办法"）。 第二条 本办法所称对外提供财务资助，是指公司及其控股子公司有偿或 者无偿对外提供资金、委托贷款等行为。但下列情况除外： （一）公司以对外提供借款、贷款等融资业务为其主营业务； （三）中国证监会或者深圳证券交易所认定的其他情形。 公司向与关联人共同投资形成的控股子公司提供财务资助，参照本制度执行。 第三条 公司存在下列情形之一的，应当参照本制度 ...

第一章 总则 第一条 为规范三全食品股份有限公司（以下简称"公司"）对外担保行 为，有效控制公司对外担保风险，保证公司资产、资金安全，保护投资者的合 法权益，根据《中华人民共和国公司法》《中华人民共和国民法典》《上市公 司监管指引第8号—上市公司资金往来、对外担保的监管要求》《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》《深圳证券交易所股 票上市规则》（以下简称《上市规则》）等法律、法规、规范性文件以及《公 司章程》的相关规定，制定本制度。 第二条 本制度所称对外担保，是指公司以第三人身份为他人提供的保证、 抵押或质押，公司为公司的控股子公司（以下简称"子公司"）提供的担保也 为对外担保。 公司及其子公司的对外担保总额，是指包括公司对子公司担保在内的公司 对外担保总额与子公司对外担保总额之和。 第三条 本制度适用于本公司及其子公司，子公司发生对外担保，按照本制 度执行。子公司应在其董事会或股东会做出决议后及时通知公司履行相关信息 披露义务。 三全食品股份有限公司对外担保管理制度 三全食品股份有限公司 对外担保管理制度 （2025年4月修订） 第四条 公司对外担保实行统一管理，未经公司董事 ...

三全食品：2025年一季度净利润2.09亿元 同比下降9.22% 金十数据4月21日讯，三全食品公告，2025年第一季度营收为22.18亿元，同比下降1.58%；净利润为 2.09亿元，同比下降9.22%。 ...

证券代码：002216 证券简称：三全食品 公告编号：2025-002 三全食品股份有限公司 关于终止对外投资并与郑州航空港经济综合实验区土地储备中 心签署《国有土地收购合同》的公告 本公司及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。 三全食品股份有限公司（以下简称"公司"或"三全食品"）于2025年4月9日召开 第八届董事会第十五次会议，审议通过了《公司关于终止对外投资并与郑州航空港经 济综合实验区土地储备中心签署<国有土地收购合同>的议案》，同意终止公司对外投 资建设三全食品新基地项目（以下简称"新基地项目"），并由公司全资子公司郑州 全嘉食品有限公司（以下简称"郑州全嘉"）与郑州航空港经济综合实验区土地储备 中心签署《国有土地收购合同》。该事项不构成关联交易，亦不构成《上市公司重大 资产重组管理办法》规定的重大资产重组事项，无需提交公司股东大会审议。现将有 关情况说明如下： 1、公司前期选择在郑州航空港经济综合实验区建设新基地项目，主要是考虑到按 照当时郑州市城区发展规划要求，公司位于主城区的生产基地可能面临向外搬迁，启 动新基地项目为外迁作储备，同时满足新 ...

三全食品股份有限公司 证券代码：002216 证券简称：三全食品 公告编号：2025-001 第八届董事会第十五次会议决议公告 本公司及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。 一、董事会会议召开情况 1、三全食品股份有限公司（以下简称"公司"）第八届董事会第十五次会议 通知于 2025 年 4 月 3 日以电话、传真、电子邮件、书面等方式通知全体董事、 监事及高级管理人员。 2、本次会议于 2025 年 4 月 9 日上午 9:30 在公司会议室以现场会议方式召 开。 3、本次会议应到董事 9 人，实际到会董事 9 人。符合《公司法》的规定和 《公司章程》的要求。 4、本次会议由董事长陈南先生主持，公司监事、总经理、财务负责人和董 事会秘书等高级管理人员列席了本次会议。 5、本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文 件和《公司章程》的规定。 特此公告。 二、董事会会议审议情况 1、以九票同意，零票反对，零票弃权审议通过了《公司关于终止对外投资 并与郑州航空港经济综合实验区土地储备中心签署<国有土地收购合同>的议案》。 基于公司发展战略的审 ...

食品 分析师：张蔓梓 登记编码：S0730522110001 zhangmz@ccnew.com 13681931564 业绩短期承压，积极开拓 B 端市场 ——三全食品(002216)2024 年三季报点评 | --- | --- | --- | --- | |----------------------------------------|-------------------------------------------------------------------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券研究报告 非金融公司|公司点评|三全食品（002216） 利润下滑，静待改善 请务必阅读报告末页的重要声明 glzqdatemark1 2024年11月04日 证券研究报告 |报告要点 公司发布 2024 三季报，2024 年前三季度实现营业收入 51.25 亿元，同比-5.35%，实现归母净 利润 3.94 亿元，同比-28.61%，实现扣非归母净利润 3.13 亿元，同比-35.43%。2024Q3 实现 营业收入 14.60 亿元，同比-6.46%，实现归母净利润 0.61 亿元，同比-47.02%，实现扣非归 母净利润 0.44 亿元，同比-57.15%；利润下滑较多。虽公司 c 端需求承压且 b 端竞争程度较 大，但在速冻米面行业公司处于龙头地位，且近年来产品和渠道结构持续有效调整，建议持续 关注。 |分析师及联系人 刘景瑜 陆冀为 SAC：S0590524030005 SAC：S0590524080005 请务必阅读报告末页的重要声明 1 / 5 非金融公司|公司点评 glzqdatemark2 2024年11月04日 三全食品(002216) 利润下滑，静待改善 | --- | --- | ...

Investment Rating - The report gives a "Neutral" rating for the company, with a reasonable valuation range of 11.46-12.73 yuan, representing a 4%-16.0% premium over the current stock price [4][5][42] Core Views - The company is a leader in the domestic frozen rice and noodle industry, actively expanding into new product categories and channels [2] - Short-term performance is expected to recover gradually as downstream consumption power continues to rebound and the company accelerates its B-end layout [2] - In the medium to long term, the company's strong brand momentum and innovation in product categories and channels are expected to drive growth in its catering business [2] Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 5.125 billion yuan, a year-on-year decrease of 5.35%, and net profit attributable to the parent company of 394 million yuan, a year-on-year decrease of 28.61% [2] - In Q3 2024, operating revenue was 1.46 billion yuan, a year-on-year decrease of 6.46%, and net profit attributable to the parent company was 61 million yuan, a year-on-year decrease of 47.02% [2] - The gross profit margin in Q3 2024 was 22.8%, a year-on-year decrease of 1.9 percentage points, mainly due to a decline in high-margin dumpling products [2] Market Segments - C-end market revenue in 2024 was 2.98 billion yuan, a year-on-year decrease of 7.45%, while B-end market revenue was 680 million yuan, a year-on-year increase of 8.13% [2] - Traditional rice and noodle products revenue decreased by 7.8% year-on-year in the first half of 2024, while innovative rice and noodle products revenue decreased by 1.7% [2] - Online sales through direct e-commerce channels increased by 60.1% year-on-year in the first half of 2024, driven by the strong performance of the "raw dumplings" product [2] Industry Position and Strategy - The company has been a leader in the frozen food industry for over 30 years, with well-known brands "Sanquan" and "Longfeng" [2] - It has production bases in Zhengzhou, Guangzhou, Chengdu, Tianjin, Suzhou, and Wuhan, with leading production capacity [2] - The company is actively expanding its online channels and optimizing its distribution system, with the number of distributors decreasing by 334 to 3,911 in the first half of 2024 [2] Future Projections - Revenue for 2024/25/26 is projected to be 6.77/7.06/7.51 billion yuan, with year-on-year growth rates of -4.1%/+4.3%/+6.3% [2] - Net profit attributable to the parent company for 2024/25/26 is expected to be 560/586/628 million yuan, with year-on-year growth rates of -25.3%/+4.7%/+7.2% [2] - Earnings per share for 2024/25/26 are projected to be 0.64/0.67/0.71 yuan, with current PE ratios of 17.2/16.5/15.4 times [2] Valuation - The absolute valuation range is 11.20-12.74 yuan, based on FCFF valuation method [35][37] - The relative valuation range is 11.46-12.73 yuan, based on PE multiples of comparable companies in the frozen food industry [40][41]

Revenue and Profit Performance - Revenue for the quarter decreased by 6.46% to RMB 1.46 billion, primarily due to delayed centralized procurement business[3] - Net profit attributable to shareholders decreased by 47.02% to RMB 61.17 million[3] - Operating income decreased from 5,414,927,784.42 yuan to 5,124,963,675.40 yuan[15] - Net profit attributable to shareholders of the parent company was 394,250,644.85 yuan, down from 552,264,637.06 yuan, a decrease of 28.6%[16] - Basic earnings per share decreased to 0.45 yuan from 0.63 yuan, a decline of 28.6%[16] - Total comprehensive income attributable to shareholders of the parent company was 389,465,041.47 yuan, down from 551,973,787.84 yuan, a decrease of 29.4%[16] Cash Flow and Financial Position - Operating cash flow surged by 2115.67% to RMB 734 million, driven by the collection of payments from last year's centralized procurement business and timing differences due to the delayed Spring Festival[9] - Cash flow from operating activities increased significantly to 733,965,688.70 yuan from 33,126,072.19 yuan, a growth of 2115.6%[17] - Cash flow from investing activities was negative 752,724,535.97 yuan, compared to negative 598,326.40 yuan in the previous period[17] - Cash flow from financing activities was negative 253,521,117.10 yuan, compared to negative 218,246,782.09 yuan in the previous period[18] - Cash and cash equivalents at the end of the period decreased to 519,021,380.13 yuan from 791,243,386.61 yuan, a decline of 34.4%[18] - Monetary funds at the end of the period amount to 554,569,903.74 yuan, a decrease from 814,699,589.93 yuan at the beginning of the period[12] Asset and Liability Changes - Total assets decreased by 4.51% to RMB 7.18 billion, mainly due to dividend payouts and the purchase of large-term deposits[6] - Total assets decreased from 7,521,412,477.11 yuan to 7,182,387,142.99 yuan[13] - Non-current assets increased from 3,960,733,197.36 yuan to 4,736,437,056.02 yuan[13] - Current liabilities decreased from 2,914,375,452.25 yuan to 2,655,001,052.91 yuan[13] - Total liabilities decreased from 3,180,341,270.47 yuan to 2,892,818,246.53 yuan[14] - Owner's equity increased from 4,341,071,206.64 yuan to 4,289,568,896.46 yuan[14] - The company added RMB 800 million in large-term deposits, contributing to a 99.64% increase in other non-current assets[6] Inventory and Borrowings - Inventory decreased by 43.52% to RMB 625.17 million, reflecting reduced stockpiling due to seasonal fluctuations[7] - Inventory at the end of the period amounts to 625,167,510.47 yuan, a decrease from 1,106,861,453.49 yuan at the beginning of the period[12] - Short-term borrowings increased by 349.93% to RMB 450.26 million, primarily to support short-term working capital needs[7] Expenses and Costs - Operating costs decreased from 4,832,839,773.56 yuan to 4,749,178,143.53 yuan[15] - Sales expenses increased from 649,312,446.99 yuan to 688,446,701.66 yuan[15] - R&D expenses increased from 21,797,796.74 yuan to 26,456,330.13 yuan[15] - Financial expenses improved from -6,439,347.00 yuan to -498,420.74 yuan[15] - Interest income decreased to 7,862,036.28 yuan from 12,781,442.37 yuan, a decline of 38.5%[16] - Asset impairment losses increased by 53.04% to RMB 29.40 million, mainly due to higher equipment depreciation[8] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 46,535[11] - Chen Nan holds 9.97% of the shares, totaling 87,677,249 shares[11] - Chen Xi holds 9.90% of the shares, totaling 87,032,000 shares[11] - Chen Zemin holds 9.29% of the shares, totaling 81,661,348 shares, with 23,100,000 shares pledged[11] - EAST JOY ASIA LIMITED holds 9.01% of the shares, totaling 79,200,000 shares[11] - CHAMP DAY INVESTMENT LIMITED holds 9.01% of the shares, totaling 79,200,000 shares[11] - SUPER SMART HOLDINGS LIMITED holds 9.01% of the shares, totaling 79,200,000 shares[11] Other Financial Metrics - The weighted average return on equity (ROE) decreased by 1.40 percentage points to 1.44%[3] - Non-recurring gains from government subsidies amounted to RMB 8.03 million for the quarter[4] - Trading financial assets at the end of the period amount to 825,877,079.02 yuan, a decrease from 1,022,879,418.55 yuan at the beginning of the period[12] - Sales revenue from goods and services was 5,445,877,879.59 yuan, up from 5,208,382,832.70 yuan, an increase of 4.6%[17] - Cash paid for goods and services decreased to 3,004,609,944.65 yuan from 3,441,534,468.08 yuan, a decline of 12.7%[17]