证券代码：002847 证券简称：盐津铺子 公告编号：2025-064 盐津铺子食品股份有限公司 关于2023年第二期限制性股票激励计划第二个解除限售期 解除限售条件成就的公告 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、盐津铺子食品股份有限公司 2023 年第二期限制性股票激励计划第二个解除 限售期解除限售条件已经成就，本次符合解除限售条件的激励对象共计 25 人，全部 符合解除限售条件，可解除限售条件的限制性股票数量为 553,980 股，占目前公司 最新股本总额 272,709,679 股的 0.20%。 2、本次限制性股票办理完解除限售手续后，在上市流通前，公司将发布相关提 示性公告，敬请投资者注意。 盐津铺子食品股份有限公司（以下简称"公司"或"盐津铺子"）于 2025 年 12 月 17 日召开第四届董事会第二十一次会议，审议通过了《关于 2023 年第二期限 制性股票激励计划第二个解除限售期解除限售条件成就的议案》。现将有关事项说 明如下： 一、公司 2023 年第二期限制性股票激励计划已履行的相关审批程序 1、2023 年 ...

湖南启元律师事务所 关于盐津铺子食品股份有限公司 限制性股票激励计划解除限售条件成就及 回购注销部分限制性股票相关事项的 法律意见书 2025 年 12 月 湖南启元律师事务所 关于盐津铺子食品股份有限公司 限制性股票激励计划解除限售条件成就及 回购注销部分限制性股票相关事项的 法律意见书 致：盐津铺子食品股份有限公司 湖南启元律师事务所（以下简称"本所"）接受盐津铺子食品股份有限公司（以 下简称"公司"或"盐津铺子"）的委托，作为公司2023年第一期和第二期限制性股 票激励计划（以下简称"本次激励计划"或"激励计划"）的专项法律顾问，为公司 本次激励计划提供专项法律服务。 本所根据《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》"）及中国证券监督管理委员会（以 下简称"中国证监会"）发布的《上市公司股权激励管理办法》（以下简称"《管 理办法》"）等现行法律、法规和规范性文件以及《盐津铺子食品股份有限公司 章程》（以下简称"《公司章程》"）、《2023年限制性股票激励计划（草案）》 （以下简称"《激励计划（草案）》"）、《盐津铺子食品股份有限公司2023 年 ...

盐津铺子食品股份有限公司 公司章程 盐津铺子食品股份有限公司 公司章程 | 第一章 | 总则 | - | 2 | - | | --- | --- | --- | --- | --- | | 第二章 | 经营宗旨和范围 | - | 3 | - | | 第三章 股 | 份 | - | 3 | - | | 第四章 | 股东和股东会 | - | 6 | - | | 第五章 | 董事会 | - | 23 | - | | 第六章 | 高级管理人员 | - | 37 | - | | 第七章 | | 财务会计制度、利润分配和审计 - | 41 | - | | 第八章 | 通知 | - | 45 | - | | 第一节 | 通知 | - | 45 | - | | 第九章 | 合并、分立、增资、减资、解散和清算 - | 45 | - | | --- | --- | --- | --- | | 第十章 | 修改章程 - | 49 | - | | 第十一章 | 其他事项 - | 49 | - | | 第十二章 | 附则 - | 49 | - | 盐津铺子食品股份有限公司 公司章程 盐津铺子食品股份有限公司 公司章程 第一章 总则 第 ...

证券代码：002847 证券简称：盐津铺子 公告编号：2025-066 盐津铺子食品股份有限公司 关于拟变更公司注册地址、注册资本及修订《公司章程》 根据公司实际情况，公司拟将注册地址由"湖南浏阳生物医药工业园"变更 为"湖南省长沙市浏阳经济技术开发区健安大道 8 号"。 二、关于变更注册资本的情况 根据《2023 年限制性股票激励计划（草案）》和《2023 年第二期限制性股 票激励计划（草案）》的相关规定，公司拟回购注销 6 名已离职激励对象所持有 的已获授但尚未解除限售限制性股票 119,000 股，预计本次限制性股票回购注销 手续完成后，公司总股本将由 272,709,679 股减少至 272,590,679 股，公司注册资 本由人民币 272,709,679 元减少至 272,590,679 元。 | 章程修订后 | | | 章程修订前 | | --- | --- | --- | --- | | 第五条 公司住所：湖南省长沙市浏阳 | | 第五条 | 公司住所：湖南浏阳生物医药 | | 经济技术开发区健安大道 | 8 号； | 工业园； | | | 第六条 公司注册资本为人民币 | | 第六条 | 公 ...

Core Points - The Shanghai Composite Index closed at 3867.04 points, above the annual line, with an increase of 1.10% [1] - The total trading volume of A-shares reached 1.367165 trillion yuan [1] - A total of 74 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The stocks with the highest deviation rates include Hanxin Technology (10.28%), Jiaying Pharmaceutical (8.17%), and Runpu Food (6.44%) [1] - Other stocks that just crossed the annual line include ST Qibu, Yinghuatech, and Jiangxi Changyun, which have lower deviation rates [1] Trading Data - The trading performance of selected stocks shows significant daily changes, with Hanxin Technology leading with a daily increase of 13.96% and a turnover rate of 26.99% [1] - Jiaying Pharmaceutical and Runpu Food also showed strong daily increases of 9.96% and 9.35%, respectively [1] Additional Stock Information - Other notable stocks with positive performance include Yongji Co. (7.50%), Kaiwang Technology (13.86%), and Chuanhuan Technology (7.57%) [1] - The table lists various stocks with their respective trading data, including daily change percentages, turnover rates, annual line prices, latest prices, and deviation rates [1][2]

Group 1 - The leisure snack industry is undergoing a significant transformation driven by changes in consumer demand and channel dynamics, moving from a reliance on single-channel growth to a focus on supply chain efficiency [1][4] - The industry has experienced three phases of change: the supermarket era, the e-commerce boom, and the current phase characterized by diversification and a demand for high cost-performance products [9][10] - Key players in the market are adapting to these changes by either enhancing supply chain capabilities or focusing on brand strength to navigate the evolving landscape [3][4] Group 2 - Offline discount snack stores and online platforms like Douyin are emerging as significant channels, offering high cost-performance options and driving competition beyond just price [2][4] - The competition among brands has shifted from price wars to a comprehensive evaluation of store experience, supply chain responsiveness, and franchise support [2][3] - The current market environment emphasizes the need for companies to build long-term competitive advantages through either supply chain optimization or brand loyalty [4][10] Group 3 - The industry consensus is that a multi-channel approach and moderate category focus are essential strategies for success, with companies differentiating their responses based on their core competencies [3][4] - "Traffic-oriented" companies like Salted Fish and Three Squirrels are transitioning to strengthen their internal capabilities, while "big product" companies like Qiaqia and Jin Zai Foods are focusing on reinforcing their brand recognition [3][4] - The transformation in the snack industry reflects broader consumer trends, indicating that companies must adapt to changing market conditions to maintain competitiveness [4][10]

Summary of Yankershop Food Conference Call Company Overview - **Company**: Yankershop Food (002847.SZ) - **Industry**: Snack Food Industry Key Takeaways Long-term Ambition - Yankershop aims to become a world-class snack brand within the next 5-10 years, focusing on Chinese-style flavor snacks such as konjac and tofu, with aspirations to achieve global brand recognition similar to iconic brands like Oreo [1][9] Growth Curves 1. **Core Growth Curve**: - Focus on Chinese flavor snacks, particularly through the "Da Mo Wang" brand and konjac & tofu products, with konjac projected to reach Rmb30-50 billion in retail sales [1][9] 2. **Secondary Growth Driver**: - High-protein diet products, including eggs and quail eggs, with expected sales growth of 30% in 2025 [9][10] 3. **Health-Conscious Products**: - Targeting health-conscious consumers with products like dried fruits [9][10] Operational Outlook for 2026 - **Category Expansion**: - SKUs will expand from konjac-only to include tofu [2] - **Raw Material Cost Reduction**: - Prices expected to fall to Rmb40-50k/ton from Rmb70-80k/ton in the next 2-3 years, aiding in cost reductions [2] - **Net Profit Margin (NPM) Improvement**: - Expected improvements driven by favorable product mix, production efficiency, and channel structure optimization, despite increased marketing expenditures [2] Marketing and Execution Strategies - **Brand Ambassador**: - Appointment of Wang Yibo to enhance brand awareness for "Da Mo Wang" [11] - **Online Marketing**: - Engagement with over 10,000 top streamers on Douyin to boost consumer awareness [11] - **Distributor Optimization**: - Focus on large partners and elimination of inefficient distributors, currently maintaining less than 1,000 distributors [11] Channel Strategies - **Wholesales-Packaged Channel**: - Fastest growing channel, with expectations for konjac products to constitute 70% of sales in this channel by 2025 [14] - **E-commerce Optimization**: - Streamlining product structure to improve profit margins and expanding online retail points by 100K-200K annually [14] International Expansion Plans - **Global Market Entry**: - Plans for international expansion of konjac, quail eggs, and dried mango, with M&A as a primary strategy for entering overseas markets [10][11] - **Supply Chain Focus**: - Emphasis on Southeast Asia supply chain for capacity ramp-up during international expansion [10] Financial Outlook - **Revenue Projections**: - Expected revenue growth from Rmb5.3 billion in 2024 to Rmb7.6 billion by 2027 [17] - **CAPEX Plans**: - Rmb200 million allocated for production scale-up and automation in 2026 [15] - **Price Target**: - 12-month price target set at Rmb87, representing a 25.2% upside from the current price of Rmb69.47 [17] Risks - **Competitive Landscape**: - Increased competition in the snacking industry, particularly from private labels [16] - **Market Dynamics**: - Potential slower-than-expected pace of snack discounters opening and higher raw material costs [16] Conclusion Yankershop Food is positioning itself for significant growth in the snack food industry through strategic product development, marketing initiatives, and international expansion plans, while also addressing potential risks associated with competition and market dynamics.

Investment Rating - The report maintains a "Positive" outlook for the food and beverage industry, indicating a potential for returns exceeding the market benchmark by over 5% [5]. Core Insights - The food and beverage sector is currently in a favorable position for investment, with a focus on valuation before performance. The report suggests that despite recent adjustments in the sector, there is fundamental support for new consumption trends, and stock prices have absolute upside potential [7][4]. - Short-term trading strategies should focus on "individual stock improvement" and "turnaround opportunities," recommending specific stocks such as Miaokelan Duo (600882), Jinshiyuan (603369), Gujing Gongjiu (000596), and Shede Liquor (600702) for buying [3]. - Structural dividends are expected to continue, with recommendations for Dongpeng Beverage (605499) and Yanjinpuzi (002847) [3]. - The report highlights a stabilization in demand or market share, recommending stocks like Kweichow Moutai (600519), Shanxi Fenjiu (600809), Luzhou Laojiao (000568), Qingdao Beer (600600), and Yili Group (600887) for buying [3]. Summary by Sections - **Market Conditions**: The food and beverage industry is experiencing pressure on both volume and price, primarily influenced by macroeconomic factors and consumer sentiment. High-end consumption is performing better than low-end, with emerging channels outpacing traditional ones. Categories like snacks and beverages are expected to maintain relative prosperity, while dairy and beer are projected to see structural growth [7][4]. - **Mid-term Trends**: New consumption remains a key theme, with expanding demand in categories such as health foods and pet foods. Instant retail channels are showing high growth, although discount formats and high-end retail are slowing down compared to traditional supermarkets [7][4]. - **Future Outlook**: The report anticipates that the food and beverage sector will transition from valuation-driven growth to performance-driven growth in 2026, with expectations of a performance bottom in the first quarter of 2026 for the liquor segment [7][4].

Group 1: Company Developments - Mingming Hen Mang has received approval for its overseas listing, planning to issue up to 76.67 million shares on the Hong Kong Stock Exchange, with 25 shareholders converting approximately 198 million shares for circulation [1] - Costco reported a revenue of $67.31 billion for Q1 of fiscal year 2026, a year-on-year increase of 6.4%, exceeding market expectations [3] - Haidilao is testing its new "Dapaidang" hotpot concept in Guangzhou, with plans to expand to other cities like Qingdao and Shanghai [4] - Zhou Hei Ya has opened its first overseas store in Malaysia, marking a significant step in its global strategy [8] - Mixue Ice Cream has launched its first flagship store in Guangzhou, integrating local cultural elements [10] - Nova Coffee has surpassed 10,000 global stores, expanding rapidly in domestic and overseas markets [10] - Xicha plans to reduce its store count by 680 by 2025, shifting its strategy to exit the competitive "scale involution" in the new tea beverage market [10] - JD.com and Guangdong Province have established the first "Modern Rider Academy" to enhance the skills of delivery personnel [11] - JD.com will invest 22 billion yuan over the next five years to provide 150,000 "Rider Homes" for delivery staff [14] - JD Logistics has launched an "Extreme Cold Protection" service in Heilongjiang to ensure the quality of perishable goods [16] - Yantian Puzhi has announced its "Big Demon Strategy" focusing on health-oriented snack products [18] - Sam's Club is set to open its first store in Jinan by the end of 2026, with construction progressing [19] - Kidswant has submitted its application to the Hong Kong Stock Exchange for listing [20] Group 2: Industry Trends - The Ministry of Commerce is planning to enhance innovation and transformation in the retail sector during the 14th Five-Year Plan, focusing on improving product and service quality [7] - A report indicates that young consumers prefer personalized dining experiences, with a shift towards single-serving meals reflecting individual tastes [18]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is focusing on three major product categories: Chinese-flavored snacks, healthy high-protein snacks, and healthy sweet snacks, aiming to build a world-class brand [8] - The company is transitioning from a channel-driven model to a product-driven model, enhancing its competitive edge through supply chain management, smart manufacturing, innovation, and brand building [8] - The company has successfully launched major products like "Da Mo Wang" konjac and quail eggs, which have gained significant market recognition and sales [8] - The company is optimizing its distribution channels and focusing on high-quality growth, with a projected net profit growth of 25% for 2025 [8] Financial Projections - Total revenue is projected to grow from 4,115 million RMB in 2023 to 8,165 million RMB by 2027, with a compound annual growth rate (CAGR) of approximately 15.81% [1] - Net profit attributable to the parent company is expected to increase from 505.77 million RMB in 2023 to 1,223.36 million RMB in 2027, reflecting a CAGR of 21.67% [1] - The earnings per share (EPS) is forecasted to rise from 1.85 RMB in 2023 to 4.49 RMB in 2027 [1]