Core Viewpoint - Fuling Zhacai reported stable performance in the first half of 2025 despite challenges in the consumer market and internal sales model changes, achieving revenue of 1.313 billion yuan, a year-on-year increase of 0.51%, and a net profit of 441 million yuan, a year-on-year decrease of 1.66% [1][3]. Group 1: Main Business Performance - The revenue from the pickled vegetable category reached 1.123 billion yuan, with a year-on-year growth of 0.45%, indicating a stable business model [3]. - The company launched new products and optimized existing ones, including a "value-added" strategy to enhance product appeal and repurchase rates [3][5]. - The establishment of the "Future Pickled Vegetable Industry-University-Research Joint Innovation Center" aims to develop market-friendly products and improve traditional preservation methods [3]. Group 2: New Product Development - The revenue from the radish category saw a significant increase of 38.35%, with successful product innovations and international collaborations [6]. - New products such as "Gaji Cui" customized radish and various other items have been launched, enhancing the product line and brand recognition [8]. - The company is also developing other new products, including health-oriented options, to strengthen its market position [8]. Group 3: Market Expansion and Channel Development - Fuling Zhacai is exploring new business growth points beyond its traditional family consumer market by establishing new divisions for catering, new channels, and international business [10]. - The catering business experienced a year-on-year growth of 37%, indicating successful penetration into the restaurant sector [10]. - Export growth of 8% was achieved despite challenges from the US trade war, with significant market expansion in Japan and Cambodia [12]. Group 4: Online and Multi-Channel Strategy - The proportion of online sales in the meal accompaniment category increased from 10% to 17%, with new product sales exceeding 3.6 million yuan [15]. - The company is leveraging online channels to promote new products and engage with new consumer demographics [15]. - Overall, Fuling Zhacai is focusing on product innovation and multi-channel expansion to explore new growth trajectories [15].

Core Insights - Company reported a revenue of approximately 1.313 billion yuan for the first half of 2025, representing a year-on-year growth of 0.51% [1] - Net profit attributable to shareholders decreased by 1.66% to 441 million yuan [1] - Gross profit margin improved by 3.28 percentage points to 54.15%, attributed to raw material cost control and enhanced production efficiency [1] Revenue Breakdown - Core product, pickled vegetables, generated revenue of 1.123 billion yuan, up 0.45%, accounting for 85.53% of total revenue [1] - Revenue from radish products surged by 38.35% to 33.15 million yuan, indicating strong market acceptance of new products [1] - Revenue from pickled cabbage declined by 8.37% to 119 million yuan, with plans to optimize flavors and channel layouts for recovery [1] - Other products generated 36.55 million yuan, reflecting a year-on-year growth of 9.30%, showcasing the effectiveness of the diversification strategy [1] Channel Strategy - Company maintains a "distribution as primary, e-commerce as supplementary" model, with 2,446 distributors as of the end of June, a reduction of 186 from the previous year [1] - Online channels, particularly Douyin, showed significant growth, becoming a key platform for reaching younger consumers [2] - Offline channels are being optimized through improved supermarket displays and expansion into community group buying and warehouse membership stores [2] Financial Management - Accounts receivable increased by 1,421.45% to 125 million yuan due to moderate relaxation of credit policies to enhance channel competitiveness [2] - Core investment project, "Wujiang Fuling Pickled Vegetable Green Intelligent Production Base (Phase I)," is progressing steadily with an investment of 54.84 million yuan this period, totaling 458 million yuan [2] - The project aims for a production capacity of 160,000 tons per year, expected to be completed by June 2027, which will strengthen the company's capacity and technological advantages in the pickled vegetable industry [2] Raw Material Management - Company possesses 300,000 tons of raw material storage capacity, with 336 million yuan spent on acquiring green vegetables in the first half of the year [2] - This capability is industry-leading and helps mitigate risks associated with agricultural product price fluctuations [2]

Core Viewpoint - Fuling Zhacai (002507.SZ) reported its 2025 semi-annual results, showing a slight increase in revenue but a decline in net profit [1] Financial Performance - The company achieved an operating income of 1.313 billion yuan, representing a year-on-year growth of 0.51% [1] - The net profit attributable to shareholders was 441 million yuan, reflecting a year-on-year decrease of 1.66% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 415 million yuan, down 2.33% year-on-year [1] - Basic earnings per share stood at 0.38 yuan [1]

Core Insights - Fuling Zhacai reported a revenue of 1.313 billion yuan for the first half of 2025, reflecting a year-on-year growth of 0.51% [1] - The company's net profit attributable to shareholders was 441 million yuan, showing a decline of 1.66% compared to the previous year [1] Revenue Breakdown - Revenue from pickled vegetable products reached 1.123 billion yuan, with a year-on-year increase of 0.45% [1] - Revenue from pickled cabbage products was 119 million yuan, experiencing a decline of 8.37% year-on-year [1] - Revenue from radish products amounted to 33.15 million yuan, marking a significant growth of 38.35% year-on-year [1] - Other products generated revenue of 36.55 million yuan, reflecting a year-on-year increase of 9.3% [1]

格隆汇8月26日丨涪陵榨菜(002507.SZ)公布2025年半年度报告，上半年公司实现营业收入13.13亿元，同 比增长0.51%；归属于上市公司股东的净利润4.41亿元，同比下降1.66%；归属于上市公司股东的扣除非 经常性损益的净利润4.15亿元，同比下降2.33%；基本每股收益0.38元。 ...

证券代码：002507 证券简称：涪陵榨菜 公告编号：2025-042 重庆市涪陵榨菜集团股份有限公司 第五届监事会第二十二次会议决议公告 本公司及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。 重庆市涪陵榨菜集团股份有限公司（以下简称"公司"）第五届监事会第二十二 次会议于 2025 年 8 月 15 日以书面、电子邮件及电话确认等方式向全体监事发出，会 议于 2025 年 8 月 25 日上午 11:00 在公司总部二楼会议室以现场结合通讯方式召开。 本次会议由监事会主席肖大波先生主持，应出席监事 3 名，实际出席监事 3 名（其中 监事陈通以通讯表决方式出席会议），会议的召集、召开与表决程序符合《中华人民 共和国公司法》等法律法规和《公司章程》的有关规定。 一、会议审议通过了以下议案： 监事会对公司2025年半年度报告提出审核意见：经审核，董事会编制和审核公司 准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗 漏。 公司2025年半年度报告全文及其摘要同日刊载于公司指定信息披露网站巨潮资 讯网（http://www.cninfo.com ...

重庆市涪陵榨菜集团股份有限公司监事会 关于第五届监事会第二十二次会议相关事项的审核意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《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》及《重庆市涪陵榨菜集团股份有限公司（以下简称"公司"）章 程》等有关规定，公司监事会对第五届监事会第二十二次会议审议的相关事项进 行了认真审核，发表审核意见如下: 一、对《公司 2025 年半年度报告及其摘要》的审核意见 经审核，监事会认为：董事会编制和审议公司2025年半年度报告的程序符合 法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了上市 公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 二、对《关于募集资金 2025 年半年度存放与使用情况的专项报告》的审核 意见 经审核，监事会认为：公司关于募集资金2025年半年度存放与使用情况的专 项报告能够真实、准确、完整地反映公司2025年半年度募集资金使用情况，2025 年半年度，公司募集资金存放与使用严格按照《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》及公司《 ...

股票简称：涪陵榨菜 股票代码：002507 重庆市涪陵榨菜集团股份有限公司 CHONGQING FULING ZHACAI GROUP CO.,LTD. (重庆市涪陵区江北街道办事处二渡村一组) （未经审计） 二○二五年八月二十七日 1 财务报表 1、合并资产负债表 | 非流动负债： | | | | --- | --- | --- | | 保险合同准备金 | | | | 长期借款 | | | | 应付债券 | | | | 其中：优先股 | | | | 永续债 | | | | 租赁负债 | 520,492.67 | 913,952.97 | | 长期应付款 | 11,833,343.46 | 11,833,343.46 | | 长期应付职工薪酬 | | | | 预计负债 | | | | 递延收益 | 84,876,780.24 | 86,910,130.84 | | 递延所得税负债 | 12,344,159.99 | 10,266,388.06 | | 其他非流动负债 | | | | 非流动负债合计 | 109,574,776.36 | 109,923,815.33 | | 负债合计 | 595,727,788 ...

重庆市涪陵榨菜集团股份有限公司 关于募集资金2025年半年度存放与使用情况的专项报告 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。 根据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（2022 年修订）》（证监会公告〔2022〕15 号）和 深圳证券交易所印发的《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，重庆市涪陵榨菜集团股份有限公司（以下简称"公 司"或"本公司"）将募集资金 2025 年半年度存放与使用情况作专项说明如下： 一、募集资金基本情况 (一) 实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于核准重庆市涪陵榨菜集团股份有限公司 非公开发行股票的批复》（证监许可〔2021〕68 号），本公司由主承销商西南 证券股份有限公司采用询价方式，向特定对象发行人民币普通股（A 股）股票 9,827.28 万股，发行价为每股人民币 33.58 元，共计募集资金 330,000.00 万元， 坐扣承销和保荐费用 1,745.28 万元后的募集资金为 328,254 ...

证券代码：002507 证券简称：涪陵榨菜 公告编号：2025-045 重庆市涪陵榨菜集团股份有限公司 关于使用闲置自有资金及募集资金理财的进展公告 | 序号 | 受托方 | 产品名称 | 金额 | 产品类型 | 起息日 | 产品期限 | 关联 | 资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (万元) | | | | 关系 | 来源 | | 1 | | 协定存款 | 2,000 | 本金保障型 | 2025年8月5日 | 14天 | 无 | 募集 资金 | | | | | | | | | | 募集 | | 2 | | 协定存款 | 8,000 | 本金保障型 | 2025年8月5日 | 15天 | 无 | 资金 | | 3 | | 协定存款 | 10,000 | 本金保障型 | 2025年8月6日 | 14天 | 无 | 募集 资金 | | | | | | | | | | 募集 | | 4 | | 协定存款 | 10,000 | 本金保障型 | 2025年8月7日 | 13天 | 无 | 资金 | | 5 | 恒丰银 ...