证券代码：002847 证券简称：盐津铺子 公告编号：2024-029 盐津铺子食品股份有限公司 第四届监事会第七次会议决议公告 本公司及监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。 一、监事会会议召开情况 1、本次监事会由监事会主席王勇先生召集，会议通知于 2024 年 4 月 12 日 通过电子邮件、电话的形式送达至各位监事，监事会会议通知中包括会议的相关 材料，同时列明了会议的召开时间、地点、内容和方式。 2、本次监事会于 2023 年 4 月 23 日下午 14:20 在长沙市雨花区长沙大道运 达中央广场写字楼 A 座 32 楼公司行政总部会议室召开，采取现场投票和通讯投 票的方式进行表决。 1、经与会监事签字并加盖监事会印章的监事会决议。 特此公告。 3、本次会议应出席监事人数 3 人，实际出席监事人数 3 人。 4、本次监事会由监事会主席王勇先生主持。 5、本次会议的召开和表决程序符合《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。 二、监事会会议审议情况 与会监事认真审议并表决了如下议案： 1、审议通过了《关于公司<2024 年第一季度报 ...

证券代码：002847 证券简称：盐津铺子 公告编号：2024-028 盐津铺子食品股份有限公司 第四届董事会第八次会议决议公告 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。 一、董事会会议召开情况 公司董事会审计委员会已按规定审议并通过本议案。 1、本次董事会由董事长张学武先生召集，会议通知于 2024 年 4 月 12 日通 过电子邮件、电话的形式送达至各位董事，董事会会议通知中包括会议的相关材 料，同时列明了会议的召开时间、地点、内容和方式。 2、本次董事会于 2024 年 4 月 23 日下午 14:00 在长沙市雨花区长沙大道运 达中央广场写字楼 A 座 32 楼公司行政总部会议室召开，采取现场投票和通讯投 票方式进行表决。 3、本次会议应出席董事人数 7 人，实际出席董事人数 7 人（其中：以通讯 方式表决 3 人，无委托出席情况）。 4、本次董事会由董事长张学武先生主持，公司监事、高管列席了本次董事 会。 5、本次会议的召开和表决程序符合《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。 二、董事会会议审议情况 经与会董事认真审议并 ...

Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,223,244,715.96, representing a 37.00% increase compared to ¥892,881,008.20 in the same period last year[4] - Net profit attributable to shareholders was ¥159,624,450.40, up 43.10% from ¥111,542,452.98 in the previous year[4] - Basic earnings per share for Q1 2024 were ¥0.84, a 42.37% increase from ¥0.59 in the same period last year[4] - Operating profit for Q1 2024 was ¥187,536,380.13, up by 46.7% from ¥127,813,657.94 in Q1 2023[29] - The company reported a total comprehensive income of ¥159,802,145.64 for Q1 2024, compared to ¥112,117,397.70 in the same quarter last year, marking an increase of 42.5%[29] Cash Flow - The net cash flow from operating activities increased significantly by 172.40%, amounting to ¥214,293,047.26 compared to ¥78,669,123.14 in Q1 2023[4] - Cash inflow from operating activities totaled CNY 1,429,803,392.38, compared to CNY 1,003,527,052.59 in the prior period, representing a growth of approximately 42.5%[33] - Cash outflow from operating activities amounted to CNY 1,215,510,345.12, an increase from CNY 924,857,929.45[33] - Cash inflow from investment activities was CNY 331,197,995.76, compared to CNY 100,262,762.57 in the previous period[33] - The net cash flow from investment activities was negative at CNY -104,095,779.69, worsening from CNY -86,345,222.82[33] - Cash inflow from financing activities was CNY 389,990,000.00, up from CNY 350,000,000.00 in the prior period[33] - The net cash flow from financing activities decreased to CNY 64,485,300.55 from CNY 89,911,834.53[33] - The ending balance of cash and cash equivalents was CNY 478,791,295.97, an increase from CNY 273,601,528.56 in the previous period[35] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥3,065,773,460.42, reflecting a 6.82% increase from ¥2,869,970,537.70 at the end of the previous year[5] - Total liabilities as of the end of Q1 2024 amounted to ¥1,413,835,130.81, slightly up from ¥1,408,236,030.40 at the beginning of the year[24] - Cash and cash equivalents rose to CNY 483,320,725.07 from CNY 310,423,110.94, representing an increase of about 55.6%[18] - Accounts receivable decreased to CNY 194,189,022.84 from CNY 210,535,789.20, a decline of approximately 7.8%[20] - Inventory decreased to CNY 562,226,068.04 from CNY 594,467,200.17, showing a reduction of about 5.4%[20] - Short-term borrowings increased to CNY 370,258,333.34 from CNY 300,243,055.56, an increase of approximately 23.3%[22] - Total current liabilities remained relatively stable at CNY 1,377,985,932.15 compared to CNY 1,376,221,724.62, indicating a slight increase of 0.1%[22] - Non-current assets totaled CNY 1,622,147,006.25, up from CNY 1,565,763,154.55, reflecting an increase of about 3.6%[22] Shareholder Information - The company reported a total of 10,115 common shareholders at the end of the reporting period[16] - The largest shareholder, Hunan Yanjinpuzi Holdings Co., Ltd., holds 37.02% of the shares, totaling 72,572,255 shares[16] - Zhang Xuewen and Zhang Xuewu, significant shareholders, hold 16.02% and 10.39% respectively, with Zhang Xuewen having pledged 9,885,000 shares[16] Research and Development - Research and development expenses decreased by 34.89% to ¥15,846,939.15, as the company focused on core product categories[15] - Research and development expenses for Q1 2024 were ¥15,846,939.15, a decrease of 34.6% compared to ¥24,339,026.44 in Q1 2023[27] Government Subsidies and Other Income - The company received government subsidies amounting to ¥31,796,211.07, contributing to a 127.18% increase in other income[6] - The company reported a significant increase in investment income, which rose by 240.63% to ¥752,095.76 compared to ¥220,795.31 in Q1 2023[15]

证券代码：002847 证券简称：盐津铺子 公告编号：2024-027 盐津铺子食品股份有限公司 2023年年度股东大会决议公告 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、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 （一）会议召开日期和时间： 现场会议时间为：2024 年 4 月 16 日下午 14:00 网络投票时间为：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2024 年 4 月 16 日上午 9:15—9:25，9:30—11:30，下午 13:00－15:00；通过深圳 证券交易所互联网投票系统投票的具体时间为：2024 年 4 月 16 日（现场股东大 会召开当日）上午 9:15 至当日下午 15:00。 （二）现场会议召开地点：湖南省长沙市雨花区长沙大道运达中央广场写字 楼 A 座 32 楼，盐津铺子食品股份有限公司总部行政会议室。 （三）会议召集人：盐津铺子食品股份有限公司董事会。 （四）会议召开方式：本次股东大会采取现场投票与网络投票相结合的方式。 ...

湖南启元律师事务所 法律意见书 二零二四年四月 致：盐津铺子食品股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东 大会规则》等我国现行法律、法规、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》"）的规定，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"）的委托，指派本所 律师出席了公司 2023 年年度股东大会（以下简称"本次股东大会"），对本次股 东大会的召集和召开程序、召集人及出席会议人员的资格、表决程序和表决结果 的合法有效性进行现场律师见证，并出具本法律意见。 为出具本法律意见，本所律师依法查验了公司提供的下列资料： （一）刊登在中国证券监督管理委员会（以下简称"中国证监会"）指定媒体 巨潮资讯网站（http://www.cninfo.com.cn/）的关于召开 2023 年年度股东大会的 通知公告等文件； （二）出席现场会议的股东或其代理人的资格、身份证明文件等； （三）深圳证券信息有限公司在本次股东大会网络投票结束后提供给公司的 网络投票统计结果； （四）公司本次股东大会股权登记日的股东名册、出席现场会 ...

盐津铺子食品股份有限公司 盐津铺子食品股份有限公司 投资者关系活动记录表 证券代码：002847 证券简称：盐津铺子 编号：2024-002 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 √业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 线上参与公司盐津铺子 2023 年度网上业绩说明会的投资者 | | 人员姓名 | | | 时 间 | 2024 年 04 月 09 日（星期二）下午 15:00-17:00 | | 地 点 | "约调研"微信小程序 | | 上市公司接待人 | 董事长/总经理：张学武先生 | | | 董事/副总经理：兰波先生 | | | 董事/副总经理：杨林广先生 | | | 独立董事：刘灿辉先生 | | 员姓名 | 副总经理：张磊先生（电商负责人） | | | 财务总监：杨峰先生 | | | 董事会秘书：张杨女士 | | 投资者关系活动 | 1、问：卡尔顿抖音直播间采用车间生产线直播的形式，人气 似模式的直播，让消费者对盐津铺 ...

Investment Rating - The report assigns an "Outperform" rating to the company with a target price of RMB 101.40 [30]. Core Insights - The company reported a revenue of RMB 4.12 billion for 2023, representing a year-over-year increase of 42.22%, and a net profit attributable to shareholders of RMB 0.51 billion, up 67.76% year-over-year [30][33]. - The fourth quarter showed robust performance with a revenue increase of 20.22% year-over-year, and a net profit growth of 32.62% year-over-year [30][34]. - The company focuses on seven key product categories and continues to enhance its channel penetration and product strength, transitioning from a high-cost, high-quality model to a low-cost, high-quality model [30][35]. Financial Performance and Forecast - The company’s revenue is projected to reach RMB 5.26 billion in 2024, RMB 6.65 billion in 2025, and RMB 8.36 billion in 2026, with net profits expected to be RMB 0.66 billion, RMB 0.88 billion, and RMB 1.16 billion respectively [30][37]. - The earnings per share (EPS) are forecasted to be RMB 3.38 for 2024, RMB 4.50 for 2025, and RMB 5.91 for 2026 [30][37]. - The gross profit margin is expected to stabilize around 33.5% for 2024 and improve slightly in subsequent years [30][32].

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][22]. Core Views - The company achieved a revenue of 4.115 billion yuan in 2023, representing a year-on-year increase of 42.22%, and a net profit of 506 million yuan, up 67.76% year-on-year [3]. - The company continues to focus on seven core product categories, each exceeding 200 million yuan in revenue, with significant growth in new categories such as egg snacks and konjac jelly [4]. - The company is enhancing its supply chain by investing in upstream raw material production, aiming for a competitive edge through cost leadership [6]. Summary by Sections Financial Performance - In Q4 2023, the company reported revenue of 1.111 billion yuan, a year-on-year increase of 20.22%, and a net profit of 110 million yuan, up 32.64% year-on-year [3]. - For Q1 2024, the company expects a net profit of 150-170 million yuan, reflecting a year-on-year growth of 34.48-52.41% [3]. Product and Channel Strategy - The company has a clear "multi-category, all-channel" strategy, with a focus on major products and collaboration with retail brands to enhance market penetration [4]. - Revenue from direct sales, distribution, and e-commerce channels in 2023 was 334 million yuan, 2.952 billion yuan, and 828 million yuan, respectively, with e-commerce showing a growth of 98.04% year-on-year [4]. Profitability and Cost Management - The net profit margin for 2023 was 12.47%, an increase of 2.04 percentage points year-on-year, with a decrease in sales, management, and R&D expense ratios [5]. - The company implemented an equity incentive plan in June 2023 to align interests with core talent, which is expected to boost long-term confidence despite short-term impacts on profitability [5]. Future Projections - Revenue projections for 2024-2026 are 5.376 billion yuan, 6.596 billion yuan, and 7.878 billion yuan, with growth rates of 30.6%, 22.7%, and 19.4%, respectively [6]. - Expected net profits for the same period are 690 million yuan, 875 million yuan, and 1.055 billion yuan, with growth rates of 36.4%, 26.9%, and 20.5% [6].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 87 CNY based on a 25x PE valuation for 2024 [3][4][24]. Core Insights - The company reported strong financial performance in 2023, achieving revenue of 4.115 billion CNY, a year-on-year increase of 42.22%, and a net profit attributable to the parent company of 506 million CNY, up 67.76% year-on-year [2]. - The company expects continued growth in Q1 2024, forecasting a net profit of 150-170 million CNY, representing a year-on-year increase of 34.48%-52.41% [2]. - The dual-driven strategy of product and channel is sustaining high revenue growth, with significant contributions from various product categories and channels [2]. Financial Performance Summary - In 2023, the company achieved revenue of 4.115 billion CNY, with a year-on-year growth of 42.22% [6]. - The net profit attributable to the parent company was 506 million CNY, reflecting a year-on-year increase of 67.76% [6]. - The company’s gross margin was 33.54%, with a slight decline of 1.18 percentage points year-on-year [2]. - The net profit margin improved to 12.29%, an increase of 1.87 percentage points year-on-year [2]. Product and Channel Analysis - Revenue from various product categories in 2023 included: spicy snacks (1.482 billion CNY, +56.71%), baked snacks (627 million CNY, +12.75%), and deep-sea snacks (619 million CNY, +10.65%) [2]. - The company’s revenue from direct sales channels decreased by 10.03%, while revenue from distribution and e-commerce channels increased by 40.35% and 98.04%, respectively [2]. - The company is actively leveraging the growth potential in snack bulk sales and e-commerce platforms [2]. Future Outlook - The company aims to enhance its market share by focusing on its "category brand" strategy and exploring new growth categories [2]. - The report indicates that the current market concerns regarding channel growth may not fully reflect the company's potential for single product growth [2].

Investment Rating - The report maintains an "Outperform the Market" rating for the company [12]. Core Views - The company achieved a revenue of 4.115 billion yuan in 2023, representing a year-over-year increase of 42.22%, and a net profit of 506 million yuan, up 67.76% year-over-year [3][24]. - The company focuses on seven core product categories and continues to enhance its channel penetration and product strength, transitioning from a "product + channel" growth strategy to a "channel-driven, product-leading" approach [4][14]. - The company is expected to see continued revenue growth, with projections of 5.256 billion yuan in 2024, 6.652 billion yuan in 2025, and 8.356 billion yuan in 2026 [5][15]. Financial Summary - In 2023, the company reported a gross profit margin of 33.5%, with a slight decrease from the previous year [5][24]. - The net profit margin improved to 12.3% in 2023, reflecting a strong performance despite a slight decline in gross margin [28]. - The company’s earnings per share (EPS) for 2023 was 2.58 yuan, with forecasts of 3.38 yuan in 2024 and 4.50 yuan in 2025 [5][28]. Product and Channel Performance - The company’s product categories, including leisure konjac products and meat products, saw significant growth, with increases of 84.95% and 39.99% respectively [25]. - The revenue breakdown by channel in 2023 showed that the distribution channel accounted for 71.74% of total revenue, while e-commerce contributed 20.13% [25]. Valuation and Market Comparison - The report suggests a price-to-earnings (P/E) valuation range of 25-30 times for 2024, indicating a reasonable value range of 84.50 to 101.40 yuan per share [15]. - The company’s market performance is compared to peers, with a focus on maintaining competitive positioning within the industry [6].