证券代码：002991 证券简称：甘源食品 公告编号：2024-055 甘源食品股份有限公司 独立董事提名人声明与承诺 提名人甘源食品股份有限公司第四届董事会现就提名汤正梅为 甘源食品股份有限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甘源食品股份有限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： ✓是 □否 如否，请详细说明：____________________________ 三、被提名人符合中国证监会《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。 ✓是 □否 如否，请详细说明：____________________________ 四、被提名人符合公司章程规定的独立董事任职条件。 ✓是 □否 一、被提名人已经通过甘源食品股份有限公司第四届董事会提名 委员会 ...

证券代码：002991 证券简称：甘源食品 公告编号：2024-047 3. 本次权益分派实施后除权除息价计算时，每 10 股现金红 利=本次实际现金分红总额÷公司总股本(含回购股份)*10 股，即 每 10 股 10.731876 元=100,038,075.23 元÷93,215,831 股*10 股， 即每股 1.0731876 元（最后一位不四舍五入，直接截取，保留小 数点后七位）。本次权益分派实施后除权除息价格=除权除息日 的前一交易日收盘价-1.0731876 元/股。 公司 2024 年半年度权益分派方案已获 2024 年 8 月 20 日召 开的 2024 年第三次临时股东大会审议通过，现将权益分派事宜 公告如下： 甘源食品股份有限公司 2024 年半年度权益分派实施公告 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. 根据《中华人民共和国公司法》《深圳证券交易所上市公 司自律监管指引第 9 号——回购股份》等相关规定，上市公司回 购专户中的股份不享有利润分配等权利。甘源食品股份有限公司 （以下简称"公司"）回购专用证券账户所 ...

北京市中伦（深圳）律师事务所 关于甘源食品股份有限公司 2024 年第三次临时股东大会的 关于甘源食品股份有限公司 2024 年第三次临时股东大会的 法律意见书 二〇二四年八月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦（深圳）律师事务所 法律意见书 致：甘源食品股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"）接受甘源食品股份有 限公司（以下简称"公司"）的委托，就公司 2024 年第三次临时股东大会（以 下简称"本次股东大会"）的召集和召开程序、召集人资格、出席会议人员 ...

证券代码：002991 证券简称：甘源食品 公告编号：2024-046 甘源食品股份有限公司 2024年第三次临时股东大会决议公告 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提案的情形。 2.本次股东大会未涉及变更以往股东大会已通过的决 议。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间： 2.会议召开地点：江西省萍乡市萍乡经济技术开发区清 泉医药生物食品工业园甘源食品股份有限公司行政楼。 3.会议召开方式：现场投票与网络投票相结合。 4.会议召集人：公司董事会。 5.会议主持人：公司董事长严斌生先生。 本次股东大会会议的召集、召开程序符合有关法律、行 政法规、部门规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 1.出席会议的总体情况 通过现场和网络投票的股东及股东代理人共105人，代 表股份62,864,438股，占公司有表决权股份总数的69.4296％。 （1）现场会议时间：2024年8月20日（周二）下午14:30 （2）网络投票时间：2024年8月20日，其中通过深圳证 券交易所交 ...

证券代码：002991 证券简称：甘源食品 公告编号：2024-045 甘源食品股份有限公司 关于全资子公司完成工商变更登记 并换发营业执照的公告 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。 一、本次工商变更登记及备案情况 公司全资子公司杭州淳安甘源食品销售有限公司因业务发展 需要，对其经营范围进行了变更，并于近日完成变更登记手续， 取得了淳安县市场监督管理局换发的营业执照，相关的登记变更 信息如下： 类型：有限责任公司（非自然人投资或控股的法人独资） 法定代表人：严海雁 注册资本：贰仟万元整 成立日期：2021 年 12 月 31 日 住所：浙江省杭州市淳安县千岛湖镇梦姑路 490 号 11 幢 110-10 经营范围：许可项目：食品互联网销售；食品销售(依法须经 批准的项目，经相关部门批准后方可开展经营活动，具体经营项 目以审批结果为准)。一般项目：食品互联网销售（仅销售预包装 食品）；互联网销售（除销售需要许可的商品）；人工智能基础 软件开发；企业管理；社会经济咨询服务；品牌管理；市场营销 策划；工业设计服务；技术服务、技术开发、技术咨询、技术交 流 ...

Investment Rating - The investment rating for Ganyuan Foods is maintained as BUY with a target price of RMB 69.36, indicating a potential upside of 26% from the closing price of RMB 54.90 as of August 7, 2024 [8][9]. Core Insights - Ganyuan Foods experienced a quarter-on-quarter slowdown in revenue growth in 2Q24 due to off-season effects and personnel adjustments within the distribution team. However, year-on-year growth remains strong with revenue, attributable net profit, and recurring net profit for 1H24 increasing by 26.1%, 39.3%, and 40.0% respectively [3][4]. - The company’s gross profit margin (GPM) declined by 0.6 percentage points year-on-year in 2Q24, attributed to structural changes in product sales channels and weakening economies of scale. Despite this, the company expects to increase its payout ratio, enhancing shareholder returns [5][6]. - Ganyuan Foods' classic products, including green peas, melon seeds, and flavored nuts, showed robust revenue growth, with significant contributions from membership supermarkets and bulk sales channels [4][6]. Financial Performance Summary - For 1H24, Ganyuan Foods reported revenues of RMB 1,040 million, with a net profit of RMB 170 million. In 2Q24, revenues were RMB 460 million, reflecting a 4.9% year-on-year increase [3][4]. - The company’s revenue projections for the upcoming years are as follows: RMB 2,254 million for 2024, RMB 2,714 million for 2025, and RMB 3,193 million for 2026, with corresponding net profits of RMB 380.61 million, RMB 468.71 million, and RMB 551.05 million [7][9]. - The estimated earnings per share (EPS) for 2024, 2025, and 2026 are RMB 4.08, RMB 5.03, and RMB 5.91 respectively, with a price-to-earnings (PE) ratio projected at 17x for 2024 [6][7].

Group 1: Financial Performance - The company's overseas export business revenue showed steady growth in the first half of 2024, with significant sales performance in bean products [2] - In Q2, revenue growth slowed due to market demand impacts, but overall sales maintained a year-on-year growth trend [2][3] - The e-commerce segment experienced a decline in gross margin due to an increase in high-cost products, but overall e-commerce business remained stable [4] Group 2: Market Expansion and Strategy - The company plans to deepen channel expansion and product diversification strategies in the second half of the year to drive performance growth [3] - Initial overseas market expansion will focus on the economically active Southeast Asia region, leveraging product development and manufacturing advantages [3] - The company is exploring brand promotion strategies, including collaborations with popular brands to enhance visibility among younger consumers [3][4] Group 3: Production and Capacity - The company employs a "sales-driven production" model to organize production based on market demand, ensuring efficient capacity utilization [4] - The fifth-phase factory construction is aimed at producing new products and enhancing storage capabilities, supporting the company's multi-category development strategy [4] Group 4: Brand Development - The company is actively enhancing brand awareness through innovative products and social media engagement, aiming to increase consumer interaction and brand recognition [5] - Efforts are being made to improve brand visibility and influence, with a focus on unique product flavors that have gained recognition among consumers [5]

Investment Rating - The investment rating for the company is "Accumulate - A" [1][2] Core Views - The company reported a 26.14% year-on-year increase in revenue for the first half of 2024, reaching 1.04 billion yuan, and a 39.26% increase in net profit attributable to shareholders, amounting to 167 million yuan [1] - The company is focusing on optimizing its channel layout and expanding into overseas markets, with a notable increase in revenue from e-commerce and other sales channels [1][2] - The company plans to distribute a cash dividend of 10.92 yuan per 10 shares, with a payout ratio of 60.07%, indicating a commitment to shareholder returns [1] Revenue Analysis - In H1 2024, the company achieved revenue of 1.042 billion yuan, with Q1 growth at 49.75% and Q2 slowing to 4.90% due to seasonal factors and channel adjustments [1] - The revenue from the core product lines, including sunflower seeds and green peas, showed steady growth, with the sunflower seed series generating 138 million yuan (+12.76%) and the green pea series 238 million yuan (+16.87%) [1] - The company is actively enhancing its e-commerce capabilities and expanding its product offerings to adapt to online sales [1][2] Profit Analysis - The gross margin for H1 2024 was 34.94%, a slight decrease of 0.66 percentage points year-on-year, while the net profit margin improved to 16.49% due to tax benefits [2] - The company expects to maintain a net profit growth trajectory, with projections for 2024-2026 showing a compound annual growth rate of 16.7%, 26.4%, and 20.4% respectively [2][3] Financial Data and Valuation - The company’s projected revenue for 2024 is adjusted to 2.339 billion yuan, with net profit expected to reach 384 million yuan [3] - The earnings per share (EPS) for 2024 is projected at 4.12 yuan, with a price-to-earnings (P/E) ratio of 13.5 [3] - The company’s return on equity (ROE) is expected to be 20.6% in 2024, indicating strong profitability [3]

Financial Data and Key Indicators Changes - In the first half of the year, the company achieved revenue of 1.042 billion yuan, a year-on-year increase of 26.14%; net profit attributable to shareholders was 167 million yuan, up 39.26% year-on-year; and net profit excluding non-recurring items was 144 million yuan, an increase of 40.02% year-on-year [1][3] - In Q2, the company recorded revenue of 456 million yuan, a year-on-year increase of 4.9% [1] Business Line Data and Key Indicators Changes - Revenue from various product lines in the first half included green peas (240 million yuan, +16.9%), sunflower seeds (140 million yuan, +12.8%), broad beans (120 million yuan, +12.0%), mixed nuts and beans (340 million yuan, +48.5%), and other products (200 million yuan, +24.2%) [1] - Revenue by channel in the first half was 870 million yuan from distributors (+27.7%), 140 million yuan from e-commerce (+9.1%), and 30 million yuan from other models (+67.7%) [1] Market Data and Key Indicators Changes - Revenue by region in the first half was 280 million yuan from East China (+56.8%), 120 million yuan from North China (-27.6%), 160 million yuan from Central China (+31.1%), 170 million yuan from Southwest China (+66.4%), 70 million yuan from South China (+45.1%), 50 million yuan from Northwest China (+2.1%), and 30 million yuan from Northeast China (+7.5%) [1] Company Strategy and Development Direction - The company continues to focus on product innovation and channel expansion, implementing a "multi-category + all-channel" strategy to drive growth [1][3] - The company is entering new channels such as Sam's Club and "Snacks Busy," which not only brings incremental revenue but also a broader consumer base [4] Management's Comments on Operating Environment and Future Outlook - Management noted that the adjustment in channels and personnel in the first half of 2024 impacted performance, but a recovery is expected in the second half of the year as adjustments are completed [1] - The company anticipates stable gross margins in the second half of 2024, despite slight increases in raw material costs [3] Other Important Information - The company has been recognized as a high-tech enterprise, benefiting from tax rate reductions and government subsidies, which positively impacted net profit margins [3] - The company has adjusted its revenue forecasts for 2024-2026, expecting revenues of 2.244 billion, 2.694 billion, and 3.091 billion yuan, with net profits of 350 million, 427 million, and 487 million yuan respectively [4][6] Q&A Session Summary Question: What are the risks associated with the company's growth? - Risks include a potential decline in foot traffic at supermarkets, which could impact sales channels, and the possibility that new product launches may not meet expectations [5] Question: How does the company plan to address raw material price fluctuations? - The company is aware of the volatility in raw material prices, particularly palm oil, and is monitoring the situation closely to mitigate impacts on profitability [5]

Investment Rating - The report maintains a "Buy" rating for the company [4]. Core Views - The company achieved a revenue of 1.042 billion yuan in H1 2024, representing a year-on-year increase of 26.14%, and a net profit of 167 million yuan, up 39.26% year-on-year [1]. - The company is transitioning its supermarket channel from a distribution model to a direct sales model, which is expected to enhance product display and SKU variety [1]. - The company is actively expanding its overseas market presence, with significant growth in international sales [1]. Summary by Sections Financial Performance - In H1 2024, the company reported a revenue of 1.042 billion yuan, with a net profit of 167 million yuan and a non-recurring net profit of 144 million yuan, reflecting increases of 26.14%, 39.26%, and 40.02% respectively [1]. - For Q2 2024, the company recorded a revenue of 456 million yuan, a year-on-year increase of 4.90%, and a net profit of 75 million yuan, up 16.79% year-on-year [1]. Product and Channel Performance - Revenue from various product categories in H1 2024 includes: green peas (238 million yuan, +16.87%), sunflower seeds (138 million yuan, +12.76%), broad beans (122 million yuan, +12.00%), mixed nuts and beans (342 million yuan, +48.54%), and others (197 million yuan, +24.16%) [1]. - Revenue by channel in H1 2024: distribution (869 million yuan, +27.72%), e-commerce (136 million yuan, +9.14%), and other channels (33 million yuan, +67.66%) [1]. Regional Performance - Revenue by region in H1 2024: East China (275 million yuan, +56.83%), Southwest (174 million yuan, +66.36%), Central China (160 million yuan, +31.08%), North China (122 million yuan, -27.57%), South China (73 million yuan, +45.09%), Northwest (46 million yuan, +2.13%), Northeast (34 million yuan, +7.51%), and overseas (17 million yuan, +737.99%) [1]. Profitability and Cost Structure - The company's gross margin for H1 2024 was 34.94%, with a slight decrease in Q2 2024 to 34.36% due to changes in channel revenue composition [2]. - The net profit margin for H1 2024 was 15.98%, which improved to 16.49% in Q2 2024, reflecting a year-on-year increase of 1.68 percentage points [2]. Earnings Forecast and Valuation - The net profit forecasts for 2024-2026 have been revised down to 370 million, 449 million, and 522 million yuan, respectively, with corresponding EPS of 3.97, 4.82, and 5.60 yuan [2]. - The current stock price corresponds to P/E ratios of 14, 11, and 10 for 2024-2026 [2].