8月28日，ST加加发布2025年半年报。当中披露，2025年上半年，公司实现营业总收入7.33亿元，比上 年同期下降7.07%；归属净利润835.18万元，同比扭亏为盈。 关于报告期内业绩变动的原因，公告指出，报告期内，公司持续聚焦主业，推广高毛利产品，加强减盐 等中高端系列产品的销售，同时推动精细化管理，降本增效，优化产品结构，不断提升整体运营能力， 使得产品综合毛利率上升。 报告期内，公司提升品牌形象，投身公益活动，不断探索新的营销模式，建联达人赋能场景化营销等， 同时减少了传统户外广告的投放，线下广告宣传费用较上年同期下降。 此外，2024年，公司全资子公司加加食品（宁夏）生物科技有限公司相关业务停止，上年同期计提了存 货跌价准备，本报告期内公司计提减值准备金额同比减少；报告期内，公司停止了控股子公司湖南加加 一佰鲜食品有限公司的相关业务，合并报表范围内的子公司亏损减少。 （企业公告） ...

Core Insights - The company reported significant growth in its financial performance for the first half of 2025, with operating revenue reaching 733 million yuan and a net profit of 8.35 million yuan, marking a turnaround from losses and a year-on-year increase of 128.64% [1] - The substantial increase in performance is attributed to a focus on core business, promotion of high-margin products, and effective cost management, leading to an overall improvement in operational capabilities and product structure [1] Financial Performance - The total profit for the period was 12.39 million yuan, reflecting a year-on-year growth of 142.35% [1] - The comprehensive gross profit margin increased by 4.26 percentage points to 29.31% [1] - The gross margin for soy sauce, a key revenue category, rose by 5.35 percentage points to 35.85%, while the gross margin for cooking oil increased by 2.14 percentage points to 9.76% [1] Product Strategy - The company has been a pioneer in the domestic seasoning industry by introducing the "reduced salt" concept in 2018 and launching its first reduced salt soy sauce in March 2019 [1][2] - The product line has expanded to include various reduced salt products, such as reduced salt soy sauce and organic options, capitalizing on the strategic opportunity presented by the "reduced salt" initiative [1][2] Sales and Marketing - The company is enhancing its sales growth by diversifying its distribution channels while maintaining traditional sales networks [3] - Online sales have seen a significant increase, with revenue from online channels reaching 25.97 million yuan, a year-on-year growth of 37.32% [3] - The "Healthy China 2030" strategy emphasizes the need for nutritional health transformation in the seasoning industry, aligning with national strategic demands [3]

Core Viewpoint - ST加加食品集团 has achieved significant performance growth through a focus on health-oriented product transformation and high-end upgrades, resulting in a doubling of its performance after seven years of adhering to the "reduced salt" concept [1][2]. Group 1: Financial Performance - In the first half of 2025, the company reported revenue of 733 million yuan and a net profit attributable to shareholders of 8.35 million yuan, marking a return to profitability [1]. - The overall gross profit margin increased by 4.26 percentage points year-on-year to 29.31%, with various product categories showing improved profitability [1]. - The gross margin for soy sauce, a core revenue driver, rose by 5.35 percentage points to 35.85%, while the gross margin for edible oil increased by 2.14 percentage points to 9.76%, and the gross margin for MSG surged by 22.65 percentage points to 38.38% [1]. Group 2: Product Development and Strategy - The company pioneered the "reduced salt" concept in the domestic seasoning industry in 2018 and launched its first reduced salt soy sauce in March 2019, followed by a series of reduced salt products [2]. - ST加加 has developed a full range of reduced salt products using DSX physical salt reduction technology, achieving over 35% salt reduction while maintaining core nutritional components [2]. - The company has established a comprehensive technological moat through four national invention patents, covering aspects from strain selection to process innovation and quality flavor [2]. Group 3: Market Position and Trends - The "Healthy China 2030" strategy is accelerating, with "three reductions" (reducing salt, oil, and sugar) included as core indicators in the National Nutrition Plan, indicating a shift in the seasoning industry towards health and nutrition [3]. - With the national push for reduced salt awareness, ST加加, having already positioned itself in this sector, is expected to seize development opportunities [3].

Core Viewpoint - The company, known as the "first stock of soy sauce," has achieved significant performance improvement and profit growth through a focus on health-oriented and high-end product transformation after seven years of promoting the "low-salt" concept [1][2]. Financial Performance - In the first half of 2025, the company reported operating revenue of 733 million yuan, total profit of 12.39 million yuan, a year-on-year increase of 142.35%, and a net profit attributable to shareholders of 8.35 million yuan, achieving a turnaround with a year-on-year growth of 128.64% [1]. - The substantial growth in performance is attributed to a focus on core business, promotion of high-margin products, and effective cost management, leading to an increase in overall operational capability and a rise in product gross margin [1]. Product Development - The company pioneered the "low-salt" concept in the domestic seasoning industry in 2018 and launched its first low-salt soy sauce in March 2019, followed by a series of low-salt products [2]. - The low-salt product line utilizes DSX physical salt-reduction technology, achieving over 35% salt reduction while retaining essential nutrients, supported by four national invention patents [2]. Sales and Market Strategy - The company is expanding its sales channels while solidifying traditional distribution, achieving online revenue of 25.97 million yuan in the first half of the year, a year-on-year increase of 37.32% [3]. - The "Healthy China 2030" strategy has integrated the "three reductions" (reducing salt, oil, and sugar) into the national nutrition plan, positioning the company's low-salt concept for accelerated market acceptance and broader development opportunities [3].

（住所：湖南省宁乡县经济开发区三环路与谐园路交汇处） 加加食品集团股份有限公司 2025 年半年度财务报告全文 加加食品集团股份有限公司 Jiajia Food Group Co.,Ltd. 2025 年半年度财务报告 （未经审计） 股票代码：002650 股票简称：加加食品 披露时间：2025 年 8 月 1 | 一、财务报表 | 4 | | --- | --- | | 二、公司基本情况 21 | | | 三、财务报表的编制基础 21 | | | 四、重要会计政策及会计估计 | 21 | | 五、税项 46 | | | 六、合并财务报表项目注释 | 47 | | 七、研发支出 | 98 | | 八、合并范围的变更 | 99 | | 九、在其他主体中的权益 102 | | | 十、政府补助 | 107 | | 十一、与金融工具相关的风险 | 108 | | 十二、公允价值的披露 | 112 | | 十三、关联方及关联交易 113 | | | 十四、股份支付 117 | | | 十五、承诺及或有事项 | 117 | | 十六、资产负债表日后事项 | 120 | | 十七、其他重要事项 | 121 | | 十八、 ...

证券代码：002650 证券简称：ST 加加 公告编号：2025-066 加加食品集团股份有限公司 关于补选公司第五届董事会董事的公告 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。 加加食品集团股份有限公司（以下简称"公司"）董事杨衡山先生、莫文科先 生及独立董事陶浩先生因个人原因申请辞去公司第五届董事会董事及董事会专 门委员会委员的职务，具体内容详见公司于 2025 年 8 月 16 日披露的《关于公司 董事、独立董事辞职的公告》（公告编号：2025-062）。 鉴于上述情况，为保证公司董事会的正常运行，根据《公司法》《深圳证券 交易所股票上市规则》等法律法规、规范性文件及《公司章程》等相关规定，经 公司第五届董事会提名委员会对本次提名的非独立董事候选人及独立董事候选 人的任职资格进行资格审查后，公司于 2025 年 8 月 27 日召开了第五届董事会 2025 年第四次会议，审议通过了《关于补选公司第五届董事会非独立董事的议 案》《关于补选公司第五届董事会独立董事的议案》，具体情况如下： 一、关于公司补选非独立董事的情况 根据《公司法》《深圳证券交易所股 ...

加加食品集团股份有限公司第五届董事会提名委员会 迟家方先生具备与其行使职权相适应的任职条件、专业能力和职业素养，具 备《上市公司独立董事管理办法》等规定中要求的独立性。 我们同意公司董事会提名迟家方先生为公司第五届董事会独立董事候选人， 并将该议案提交公司董事会审议。 董事会提名委员会：姚禄仕、陶浩、周建文 2025 年 8 月 27 日 经审查，本次提名已征得被提名人同意，我们认为谢子敬先生、姚迪先生具 备担任上市公司董事的任职资格和能力，不存在《公司法》《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》等相关规定中不得担任 上市公司董事的情形，符合有关法律法规、《深圳证券交易所股票上市规则》及 交易所其他相关规定等要求的任职资格。 我们同意第一大股东中国东方资产管理股份有限公司提名的谢子敬先生、姚 迪先生为公司第五届董事会非独立董事候选人，并将该议案提交董事会审议。 二、关于提名公司第五届董事会独立董事候选人 经审查，本次提名已征得被提名人同意，迟家方先生暂未取得中国证监会认 可的独立董事资格证书，承诺参加最近一次独立董事培训并取得深交所认可的独 立董事培训证明。迟家方先生不存在《 ...

证券代码：002650 证券简称：ST 加加 公告编号：2025-067 加加食品集团股份有限公司 独立董事提名人声明与承诺 提名人 加加食品集团股份有限公司董事会 现就提名 迟家方 为加加食 品集团股份有限公司（以下简称"公司"）第五届董事会独立董事候选人发表公 开声明。被提名人已书面同意作为公司第五届董事会独立董事候选人（参见该独 立董事候选人声明）。本次提名是在充分了解被提名人职业、学历、职称、详细 的工作经历、全部兼职、有无重大失信等不良记录等情况后作出的，本提名人认 为被提名人符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易所 业务规则对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过公司第五届董事会提名委员会资格审查，提名人与被 提名人不存在利害关系或者其他可能影响独立履职情形的密切关系。 ☑ 是□否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百七十八条等规定不得 担任公司董事的情形。 ☑ 是□否 如否，请详细说明：___________________________ ...

证券代码：002650 证券简称：ST 加加 公告编号：2025-068 加加食品集团股份有限公司 独立董事候选人声明与承诺 声明人 迟家方 作为加加食品集团股份有限公司第五届董事会独立董 事候选人，已充分了解并同意由提名人加加食品集团股份有限公司（以下简称"该 公司"）董事会提名为该公司第五届董事会独立董事候选人。现公开声明和保证， 本人与该公司之间不存在任何影响本人独立性的关系，且符合相关法律、行政法 规、部门规章、规范性文件和深圳证券交易所业务规则对独立董事候选人任职资 格及独立性的要求，具体声明并承诺如下事项： 一、本人已经通过该公司第五届董事会提名委员会资格审查，提名人与本人 不存在利害关系或者其他可能影响独立履职情形的密切关系。 ☑ 是□否 如否，请详细说明：______________________________ 二、本人不存在《中华人民共和国公司法》第一百七十八条等规定不得担任 公司董事的情形。 ☑ 是□否 如否，请详细说明：______________________________ 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易所 业务规则规定的独立董事任职资格和条件 ...

编制单位：加加食品集团股份有限公司 单位：人民币万元 | 非经营性资金占 | | | 占用方与上市公 | 上市公司核算 | 年期初 2025 | 年半年度占用累 2025 | 年半年度 2025 | 年半年度 2025 | 年半年 2025 | 占用形成原 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 资金占用方名称 | | | | | 计发生金额(不含利 | 占用资金的利息 | 偿还累计发生 | 度占用资金余 | | 占用性质 | | 用 | | | 司的关联关系 | 的会计科目 | 占用资金余额 | 息) | (如有) | 金额 | 额 | 因 | | | 控股股东、实际控 | | | | | | | | | | | | | 制人及其附属企 | | - | - | - | - | - | - | - | - | - | - | | 业 | | | | | | | | | | | | | 小计 | | - | - | - | - | - | - | - | - | - | | | 前控股股东 ...