盐津铺子食品股份有限公司 2017 年第三季度报告正文 证券代码：002847 证券简称：盐津铺子 公告编号：2017-078 盐津铺子食品股份有限公司 2017 年第三季度报告正文 1 盐津铺子食品股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张学武、主管会计工作负责人朱正旺及会计机构负责人(会计主管人员)王宾声明：保证季 度报告中财务报表的真实、准确、完整。 2 盐津铺子食品股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 二、报告期末股东总数及前十名股东持股情况表 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 863,947,811.12 | | 575,837,403.6 ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 366,657,375.98, representing an increase of 11.52% compared to CNY 328,782,333.81 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 11.16% to CNY 41,620,169.40 from CNY 46,848,092.77 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 22.55% to CNY 29,813,884.43 compared to CNY 38,493,547.98 in the same period last year[17]. - The net cash flow from operating activities decreased by 16.46% to CNY 53,851,998.32 from CNY 64,463,001.51 in the previous year[17]. - Basic earnings per share dropped by 30.00% to CNY 0.350 from CNY 0.500 in the same period last year[17]. - Operating costs rose to ¥191,223,251.42, reflecting a 16.62% increase primarily due to rising raw material prices[51]. - Net profit decreased to ¥41,450,909.62, down 11.52% year-on-year[50]. - The company reported a total profit of CNY 51,560,180.77, down 12% from CNY 58,496,076.22 year-on-year[141]. - The company reported a high investor participation rate of 71.54% in the annual general meeting[87]. Assets and Liabilities - Total assets increased by 38.28% to CNY 796,280,695.92 from CNY 575,837,403.68 at the end of the previous year[17]. - Total current assets increased to CNY 425,657,715.79 from CNY 225,461,248.72, representing an increase of 89%[132]. - Total liabilities decreased to CNY 222,611,563.56 from CNY 271,209,176.49, a reduction of 18%[133]. - Owner's equity increased to CNY 573,669,132.36 from CNY 304,628,227.19, an increase of 88%[134]. - The total equity at the end of the reporting period was CNY 295,819,846.80, which includes various components such as capital reserves and retained earnings[158]. Cash Flow - Cash and cash equivalents increased by 231.0705 million CNY, a growth of 498.84%, primarily due to funds raised from stock issuance[27]. - The net cash flow from operating activities for the first half of 2017 was CNY 53,851,998.32, a decrease of 16.4% compared to CNY 64,463,001.51 in the same period last year[149]. - Total cash inflow from financing activities reached CNY 312,389,995.55, significantly up from CNY 49,620,000.00 in the previous year[150]. - The net cash flow from investing activities was negative at CNY -50,406,589.46, worsening from CNY -21,172,292.46 year-on-year[149]. - The net increase in cash and cash equivalents for the period was CNY 233,951,574.77, a significant rise from CNY 11,212,413.21 in the previous year[150]. Market Strategy and Expansion - The company is focusing on expanding its market presence and developing new products in the snack food sector[17]. - The company is expanding its international market presence by investing in agricultural processing industrial parks in Vietnam and Guangxi, aiming to penetrate Southeast Asian markets[26]. - The company has established a comprehensive product system in traditional Chinese snack foods, including nearly 100 products across six major categories[29]. - The company has established a multi-layered marketing network, collaborating closely with major retail chains like Walmart and Carrefour, which enhances brand visibility and market penetration[38]. - The company plans to continue expanding its market presence and developing new products to drive future growth[141]. Quality Control and Safety - The company implements a strict quality control system based on HACCP and ISO9001 standards to ensure food safety from sourcing to production[33]. - The company has developed a product traceability system to monitor the quality of products throughout the entire supply chain[35]. - The company has faced risks related to food quality safety control, which may lead to increased costs and potential impacts on brand reputation[81]. Research and Development - Research and development investment increased by 7.25% to ¥7,655,950.87[51]. - The company has secured nine utility model patents through innovation, improving production processes and product offerings[42]. - The company has implemented an "experimental factory" model for rapid product development, allowing for quick market response and the introduction of new products like mushroom snacks and peanut products[43]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has not engaged in any significant non-equity investments during the reporting period[63]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[118]. - The financial report for the first half of 2017 has not been audited[129]. Environmental and Social Responsibility - There are no significant environmental protection issues reported, and the company is not classified as a key pollutant discharge unit by environmental authorities[109]. - The company has not conducted any targeted poverty alleviation work during the reporting period and has no subsequent plans for such initiatives[108].

Financial Performance - The company's revenue for Q1 2017 was CNY 206,469,540.62, representing a 13.73% increase compared to CNY 181,543,076.19 in the same period last year[7] - Net profit attributable to shareholders was CNY 25,368,639.06, a 3.05% increase from CNY 24,617,980.68 year-on-year[7] - The net profit after deducting non-recurring gains and losses decreased by 13.49% to CNY 19,970,558.18 from CNY 23,084,423.81 in the previous year[7] - Total operating revenue for the first quarter reached CNY 206,469,540.62, an increase from CNY 181,543,076.19 in the previous period[33] - Net profit for the quarter was CNY 25,368,639.06, slightly higher than CNY 24,617,980.68 from the same period last year[34] - The company reported a total profit of CNY 30,780,540.13, slightly up from CNY 30,564,384.16 in the previous year[34] - The total comprehensive income for the first quarter was CNY 2,551,113.58, compared to CNY 7,233,664.72 in the previous period[39] Assets and Liabilities - The company's total assets increased by 37.87% to CNY 793,895,044.54 from CNY 575,837,403.68 at the end of the previous year[7] - Total assets as of March 31, 2017, amounted to 793.895 million yuan, an increase from 575.837 million yuan at the beginning of the period[26] - Total liabilities decreased from 271.209 million yuan to 214.343 million yuan, reflecting improved financial health[27] - Total liabilities decreased to CNY 256,167,557.99 from CNY 303,458,003.28, indicating improved financial stability[31] - The total equity attributable to shareholders increased from 304.628 million yuan to 579.552 million yuan, indicating strong growth in shareholder value[28] - Shareholders' equity rose to CNY 546,691,918.97, up from CNY 294,585,381.24, showcasing strong retained earnings and capital accumulation[31] Cash Flow - Cash flow from operating activities decreased by 14.47% to CNY 29,191,088.57 from CNY 34,131,500.76 year-on-year[7] - Cash inflow from operating activities amounted to CNY 222,660,741.70, an increase from CNY 213,372,911.63 in the previous period[41] - The net cash flow from operating activities was CNY 29,191,088.57, down from CNY 34,131,500.76 in the previous period[42] - Cash inflow from financing activities reached CNY 259,555,424.15, significantly higher than CNY 26,300,000.00 in the previous period[43] - The net cash flow from financing activities was CNY 229,155,547.85, compared to a net outflow of CNY 20,278,066.67 in the previous period[43] - The ending balance of cash and cash equivalents was CNY 284,608,372.49, up from CNY 14,178,417.33 at the end of the previous period[43] Shareholder Equity and Earnings - The net assets attributable to shareholders rose by 90.25% to CNY 579,552,290.40 from CNY 304,628,227.19 at the end of the previous year[7] - The basic earnings per share decreased by 15.38% to CNY 0.220 from CNY 0.26 in the same period last year[7] - Earnings per share (EPS) for the quarter was CNY 0.220, down from CNY 0.26 in the previous year[35] - The estimated net profit attributable to shareholders for the first half of 2017 is expected to be between 48 million and 55 million yuan, representing a growth range of 2.46% to 17.48%[17] - The net profit for the first half of 2016 was 46.8481 million yuan, indicating a stable growth in operational performance[18] Expenses - Operating costs amounted to CNY 182,886,441.66, up from CNY 153,023,434.53, with the cost of goods sold at CNY 105,103,766.71 compared to CNY 88,507,199.58 previously[34] - Sales expenses for the quarter were CNY 56,998,497.47, compared to CNY 50,344,674.93 in the previous period, indicating increased investment in marketing[34] - Management expenses increased by 6.6176 million yuan, a growth of 62.67%, primarily due to increased listing and R&D expenses[1] - Management expenses increased to CNY 17,177,765.67 from CNY 10,560,135.37, reflecting higher operational costs[34] Other Financial Metrics - The company experienced a significant increase in cash and cash equivalents, with a 525.78% rise in monetary funds compared to the beginning of the period[14] - Accounts receivable increased by 52.77% to CNY 1,849.46 million, indicating higher sales on credit[14] - Inventory decreased by 28.54% to CNY 3,666.78 million, reflecting reduced stock levels[14] - The company's tax payable increased by 5.9884 million yuan, a growth of 111.83%, mainly due to the increase in value-added tax and corporate income tax[10] - The share capital increased by 31 million yuan, a growth of 33.33%, primarily due to the issuance of new shares[11] - The capital reserve increased by 218.5554 million yuan, a growth of 307.44%, mainly due to the premium from the issuance of shares[12] - Non-operating income increased by 5.1659 million yuan, a growth of 252.64%, mainly due to government subsidies received[1] Audit Information - The company did not conduct an audit for the first quarter report[48]

Financial Performance - The company's operating revenue for 2016 was ¥683,484,275.83, representing a 17.09% increase from ¥583,704,339.96 in 2015[20]. - The net profit attributable to shareholders for 2016 was ¥85,656,473.16, a 30.89% increase compared to ¥65,443,911.99 in 2015[20]. - The net cash flow from operating activities increased by 62.37% to ¥129,311,800.23 in 2016 from ¥79,638,413.90 in 2015[20]. - The basic earnings per share for 2016 was ¥0.920, up 31.43% from ¥0.700 in 2015[20]. - Total assets at the end of 2016 were ¥575,837,403.68, a 26.64% increase from ¥454,715,342.37 at the end of 2015[21]. - The net assets attributable to shareholders increased by 22.35% to ¥304,628,227.19 at the end of 2016 from ¥248,971,754.03 at the end of 2015[21]. - The company reported a quarterly revenue of ¥192,577,957.20 in Q4 2016, showing a strong performance in the last quarter[25]. - The weighted average return on equity for 2016 was 30.40%, slightly up from 30.26% in 2015[20]. - The company received government subsidies amounting to ¥25,297,493.27 in 2016, compared to ¥23,303,039.00 in 2015[25]. - The gross profit margin improved from 46.17% in 2015 to 50.07% in 2016, indicating better cost control[54]. - The company reported a net profit of 85,656,473.16 yuan for the year 2016, with a profit distribution plan proposing a cash dividend of 2 yuan per 10 shares[92]. Market Position and Competition - The company is currently a leading brand in the domestic small category snack food market, with a higher gross margin compared to industry peers, attracting increased competition[6]. - The company has achieved a significant competitive advantage in the niche market of traditional Chinese snack foods, which remains a blue ocean area with substantial growth potential[36]. - The company acknowledges the risk of diluted immediate returns due to the construction and market development cycle of new projects funded by the public offering[7]. - The company has a risk of increased competition leading to potential price declines and reduced profitability due to its high gross margin[6]. - The company has established a strong brand presence, but faces risks from counterfeit products that could harm its reputation and economic benefits[6]. Product Development and Innovation - The company has established a comprehensive product system with nearly 100 products across five major categories: leisure bean products, dried fruits and candied fruits, nuts, leisure vegetarian food, and leisure meat products[30]. - The company employs an "experimental factory" model for R&D, allowing rapid product development and market response, resulting in the launch of new products like mushrooms and peanuts[46]. - The company plans to enhance brand influence and product competitiveness by developing new products such as mini sausages, beef jerky, and tropical fruit dried products[85]. - The company successfully optimized its product structure, focusing on key products like new-style bean curd and baked goods[54]. Marketing and Sales Strategy - The company’s marketing network covers all 31 provinces, autonomous regions, and municipalities in China, establishing a solid foundation for future expansion[35]. - The company has developed a wide-ranging distributor network, selecting one to two distributors in each city or county to promote and sell products, effectively increasing market coverage and share[44]. - The company utilizes its extensive marketing network to facilitate new product promotions, ensuring quick market acceptance and high market share[49]. - The company adopts a direct sales model with chain supermarkets, allowing for immediate feedback on market demands and rapid decision-making[50]. - The company implemented a nationwide marketing strategy, restructuring its sales regions into five major areas for better management[54]. Corporate Governance and Management - The company has established a governance structure consisting of a shareholders' meeting, board of directors, and supervisory board, ensuring clear division of responsibilities and checks and balances[158]. - The board of directors comprises seven members, including three independent directors, and has set up four specialized committees to enhance decision-making efficiency[158]. - The independent directors are required to maintain the interests of all shareholders, especially minority shareholders, and must not be influenced by major shareholders[191]. - The company has a structured approach to management with clear roles and responsibilities among its board members and executives[143]. - The management team is actively involved in both operational and strategic roles within the company, contributing to its governance and oversight[143]. Employee and Talent Management - The total number of employees in the company is 2,494, with 1,943 in the parent company and 551 in major subsidiaries[152]. - The company has a total of 1,150 sales personnel and 1,091 production personnel, indicating a strong focus on sales and production capabilities[152]. - The company's compensation policy emphasizes fairness, economic viability, competitiveness, and incentivization to enhance employee motivation and retention[153]. - The performance-based salary system links remuneration to the achievement of annual work objectives, ensuring alignment with company performance[148]. - The company plans to strengthen internal training programs in 2017, focusing on professional development for sales personnel and management staff[155]. Risk Management - The company faces risks from potential food safety incidents in the industry, which could negatively impact the entire sector's reputation and consumer confidence[5]. - The company operates in a low-automation industry, which poses challenges for food safety control across the supply chain[5]. - The company actively focuses on sustainable development and social responsibility, emphasizing environmental protection and consumer health[118]. Shareholder Structure and Rights - The largest shareholder, Hunan Yanjin Puzhi Holdings Co., Ltd., holds 39.02% of shares, totaling 48,381,503 shares[125]. - Hunan Haoping Investment Co., Ltd. is the second largest shareholder with a 13.38% stake, amounting to 16,587,944 shares[126]. - The total number of shares held by the top ten shareholders is 87,931,500, representing 70.92% of the total shares[126]. - The shareholders enjoy rights such as profit distribution and participation in decision-making, while also bearing obligations to comply with laws and regulations[161].

Financial Performance - The company's operating revenue for 2016 was CNY 683,484,275.83, representing a 17.09% increase compared to CNY 583,704,339.96 in 2015[22]. - The net profit attributable to shareholders for 2016 was CNY 85,656,473.16, a 30.89% increase from CNY 65,443,911.99 in 2015[22]. - The net cash flow from operating activities increased by 62.37% to CNY 129,311,800.23 in 2016, up from CNY 79,638,413.90 in 2015[22]. - The basic earnings per share for 2016 was CNY 0.920, a 31.43% increase from CNY 0.700 in 2015[22]. - Total assets at the end of 2016 were CNY 575,837,403.68, reflecting a 26.64% increase from CNY 454,715,342.37 at the end of 2015[23]. - The net assets attributable to shareholders increased by 22.35% to CNY 304,628,227.19 at the end of 2016, compared to CNY 248,971,754.03 at the end of 2015[23]. - The company reported a significant increase in net profit excluding non-recurring gains and losses, which rose by 35.96% to CNY 67,024,324.64 in 2016[22]. - The weighted average return on equity for 2016 was 30.40%, slightly up from 30.26% in 2015[22]. - The company reported a net profit of CNY 85,656,473.16 for the year 2016, with a proposed cash dividend of CNY 30,000,000.00, representing 35.02% of the net profit attributable to shareholders[93][96]. Market Position and Competition - The company has been recognized as a leading brand in the small category of leisure food in China, receiving multiple awards for product quality and brand reputation[6]. - The company has established a strong market presence, but faces competition from both domestic and international players looking to expand their market share[7]. - The company aims to expand its market presence by leveraging its strong brand image and extensive distribution network across 31 provinces and municipalities in China[37]. - The company has developed a broad and multi-tiered distributor network, leveraging new store openings in large chain supermarkets to expand into new markets and promote product sales[46]. - The company operates five key business regions across 31 provinces, enhancing market share and sales scale through a comprehensive distributor network[47]. Product Development and Innovation - The company has established a comprehensive product system in traditional Chinese snack foods, including nearly 100 products across five major categories[35]. - The company plans to continue innovating and launching new products to meet market demands, maintaining a high market share[32]. - The company plans to enhance brand influence and product competitiveness by developing new products, including mini sausages, beef jerky, and tropical dried fruit series[87]. - The company successfully launched its cake project in October 2016, providing new products for seasonal sales[56]. - New product launches are expected to contribute an additional 200 million RMB in revenue in the upcoming year[146]. Financial Management and Efficiency - The company improved its financial efficiency by leveraging favorable banking conditions, resulting in lower loan rates[57]. - The company has a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management[3]. - The company has implemented a strict quality control system according to HACCP and ISO9001 standards, ensuring the safety of raw materials from qualified suppliers[40]. - The company utilizes its pricing power within the industry chain to maintain high gross margins and mitigate risks from raw material price fluctuations[50]. - The company aims to reduce operational costs by 5% through improved logistics and supply chain management[146]. Governance and Compliance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, and supervisory board, ensuring clear division of responsibilities and checks and balances[161]. - The board of directors comprises seven members, including three independent directors, and has set up four specialized committees to enhance governance efficiency[162]. - The company has implemented a comprehensive governance system to comply with legal requirements and improve decision-making efficiency[161]. - The company has established a system to prevent shareholders from abusing their rights to harm the interests of the company or other shareholders[165]. - The independent directors are required to maintain the interests of minority shareholders and have specific powers regarding major related transactions[195]. Risk Management - The company faces risks related to food safety control, which may lead to increased costs due to stricter regulations and potential impacts on production if policies change[4]. - The company acknowledges the risk of immediate earnings dilution due to the construction and market development cycle of new fundraising projects[8]. - The company is subject to heightened scrutiny from regulatory bodies regarding food safety, which could impact its operations if significant incidents occur in the industry[5]. - The company is actively monitoring the potential impact of food safety incidents in the industry, which could affect consumer confidence and overall market conditions[5]. - The company emphasizes the importance of maintaining product quality and brand image to mitigate risks from counterfeit products[6]. Shareholder Information - The largest shareholder, Hunan Yanjin Puzhi Holdings Co., Ltd., holds 39.02% of shares, totaling 48,381,503 shares[127]. - Hunan Haoping Investment Co., Ltd. is the second-largest shareholder with a 13.38% stake, amounting to 16,587,944 shares[127]. - The total shares held by the top ten shareholders account for 70.92% of the company's total shares[128]. - The actual controllers of the company are Zhang Xuewu and Zhang Xuewen, both holding significant positions within the company[129]. - The company has not experienced any changes in its controlling shareholders during the reporting period[129]. Employee and Management Structure - The company employed a total of 2,494 staff, with 1,091 in production, 1,150 in sales, and 77 in technical roles[154]. - The total remuneration for the company's directors and senior management during the reporting period amounted to RMB 2.51 million[153]. - The remuneration for the chairman and general manager was RMB 499,200, while the vice chairman and deputy general manager received RMB 438,100[153]. - The company follows a salary policy that emphasizes fairness, competitiveness, and incentivization, linking employee income to company performance[156]. - The company has established a board secretary system, with Hu Xiang appointed as the board secretary for a three-year term[198].