关于公司 2023 年员工持股计划首次授予部分 第一个锁定期届满的公告 证券代码：003000 证券简称：劲仔食品 公告编号：2024-061 劲仔食品集团股份有限公司 公司已于 2024 年 8 月 21 日召开第二届董事会第二十二次会议和第二届监事 会第二十一次会议，审议通过了《关于公司 2023 年员工持股计划首次授予部分 第 一 个 解 锁 期 解 锁 条 件 成 就 的 议 案 》 ， 具 体 详 见 公 司 巨 潮 资 讯 网 (http://www.cninfo.com.cn)披露的相关公告。 根据本员工持股计划的相关规定，首次授予部分所获标的股票分两期解锁， 锁定期分别为 12 个月、24 个月，均自本持股计划草案经公司股东大会审议通过 且公司公告最后一笔标的股票过户至本持股计划名下之日（即 2023 年 9 月 6 日） 起计算，每期解锁比例分别为 50%、50%。 截至 2024 年 9 月 6 日，公司 2023 年员工持股计划首次授予部分第一个锁定 期届满，达到解锁条件，可解锁数量为首次授予部分 39.6 万股的 50%，即 19.8 万股，对应可解锁比例为本次员工持股计划总数的 37 ...

证券代码：003000 证券简称：劲仔食品 公告编号：2024-060 劲仔食品集团股份有限公司 关于 2023 年限制性股票激励计划预留授予部分 2、本次解除限售的限制性股票的上市流通日为 2024 年 9 月 6 日。 劲仔食品集团股份有限公司（以下简称"公司"）于 2024 年 8 月 21 日召开 第二届董事会第二十二次会议和第二届监事会第二十一次会议，审议通过了《关 于公司 2023 年限制性股份激励计划预留授予部分第一个解锁期解锁条件成就的 议案》。根据《上市公司股权激励管理办法》及公司《2023 年限制性股票激励 计划》的相关规定，公司已经办理完成了 2023 年限制性股票预留授予部分第一 个解除限售期涉及的股份上市流通手续，符合解除限售条件的 1 名激励对象可解 除限售股份共计 175,000 股，占目前公司股本总额的 0.0388%。 现将股份上市流通事宜公告如下： 一、公司 2023 年限制性股票激励计划已履行的相关审批程序及实施情况 1、2023 年 4 月 2 日，公司召开第二届董事会第十次会议、第二届监事会第 十次会议，审议通过了《关于公司<2023 年限制性股票激励计划(草案)>及 ...

Group 1: Company Growth Strategy - The company aims for a compound annual growth rate (CAGR) of 26% over the next three years as part of the "Rebuild a New Jin Zai" plan [1] - The revenue growth rate for Jin Zai fish products is currently at 16.64% [2] - The company focuses on "big products, all-channel, branding, and internationalization" as its development strategy [1] Group 2: Product Performance - Fish products remain the core product of the company, with a revenue share of 62.24% [2] - Quail eggs, as the second major product, are experiencing rapid growth, with significant investment in product innovation and brand development [2] - The company has maintained its leading position in the leisure fish product market since 2017, with stable growth and improving gross margins [2] Group 3: Online and Offline Channel Performance - Online revenue decreased by 3.28% year-on-year, totaling 1.99 billion [2] - Offline channels performed well, while online channels faced challenges due to a focus on quality over quantity in product pricing and optimization [2] - The company plans to enhance its online channel by developing proprietary product lines and improving team organization [2] Group 4: Market Competition and Challenges - The company faces competition in the quail egg market from brands like Three Squirrels and Salted Fish [3] - The quail egg category has significant growth potential, with the company investing heavily in supply chain and product innovation [5] - The company aims to increase the market share of its fish products to 20% [5] Group 5: Sales and Distribution - The company collaborates with various offline snack retailers, achieving over 100% year-on-year growth in sales revenue from these channels as of June 2024 [5]

[Table_Summary] [Table_Title] 大单品战略持续推进，盈利能力提升明显 [Table_ReportDate] 劲仔食品(003000)公司简评报告 | 2024.08.30 [Table_Rank] 评级： 买入 核心观点 [Table_Authors] 赵瑞 分析师 SAC 执证编号：S0110522120001 zhaorui@sczq.com.cn [Table_Chart] 市场指数走势（最近 1 年） 资料来源：聚源数据 -0.5 0 0.5 1 30-Aug 11-Nov 23-Jan 5-Apr17-Jun 29-Aug 劲仔食品 沪深300 [Table_BaseData] 公司基本数据 资料来源：聚源数据 | --- | --- | |---------------------------|------------| | | | | 最新收盘价（元） | 10.68 | | 一年内最高 / 最低价（元） | 15.71/9.37 | | 市盈率（当前） | 17.85 | | 市净率（当前） | 3.67 | | 总股本（亿股） | 4.51 | | 总市值（亿元） ...

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price of RMB 17.25 per share, reflecting a 25 times PE valuation for 2024 [4][14]. Core Insights - The company reported a revenue of RMB 1.13 billion in the first half of 2024, representing a year-over-year growth of 22.17%, and a net profit attributable to shareholders of RMB 143 million, up 72.41% year-over-year [8][9]. - The growth in revenue is attributed to the continuous development and optimization of distributors, terminal market construction, new product promotion, and increased revenue from new media platforms [9][11]. - The gross profit margin improved by 4.14 percentage points year-over-year due to lower raw material prices, while the net profit margin increased by 3.70 percentage points year-over-year [9][10]. Revenue Breakdown - Fish products generated RMB 703 million in revenue, a 16.64% increase year-over-year, with a gross profit margin of 32.29% [12]. - Poultry products, driven by quail egg sales, saw a significant revenue increase of 51.10% year-over-year, totaling RMB 258 million, with a gross profit margin of 22.24% [12][11]. - Bean products and vegetable products also showed growth, with revenues of RMB 111 million (up 9.53%) and RMB 38 million (up 15.61%) respectively [12]. Channel Performance - The number of distributors increased from 3057 to 3166, indicating a steady growth in distribution channels [13]. - Offline sales achieved RMB 930.63 million, a 29.45% increase year-over-year, while online sales decreased by 3.28% to RMB 198.92 million [13]. - The direct sales model saw a revenue increase of 45.96% year-over-year, primarily due to growth in offline snack specialty channels [13]. Financial Forecast - Projected revenues for 2024, 2025, and 2026 are RMB 2.53 billion, RMB 3.08 billion, and RMB 3.69 billion respectively, with net profits expected to be RMB 313 million, RMB 389 million, and RMB 476 million [4][14]. - Corresponding EPS for these years are forecasted at RMB 0.69, RMB 0.86, and RMB 1.06 [4][14].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's H1 2024 total revenue reached 1.13 billion yuan, representing a year-on-year increase of 22.17%, while the net profit attributable to the parent company was 143 million yuan, up 72.41% year-on-year [1][2] - The gross margin for H1 2024 was 30.40%, an increase of 4.14 percentage points year-on-year, and the net margin was 12.84%, up 3.76 percentage points year-on-year [2][3] - The company is expected to continue improving its profitability due to the low prices of raw materials and the scale effect [2] Summary by Sections Financial Performance - In H1 2024, the company reported total revenue of 1.13 billion yuan, with a net profit of 143 million yuan and a non-recurring net profit of 122 million yuan, showing significant growth compared to the previous year [1] - The Q2 2024 revenue was 590 million yuan, with a net profit of 70 million yuan, indicating a year-on-year increase of 20.90% and 58.74% respectively [1] Product Performance - Revenue from fish products, poultry products, bean products, and vegetable products in H1 2024 was 703 million yuan, 258 million yuan, 111 million yuan, and 38 million yuan, reflecting year-on-year growth of 16.64%, 51.10%, 9.53%, and 15.61% respectively [3] - The second key product, quail eggs, performed exceptionally well, contributing to the overall growth of the company [3] Cost and Efficiency - The company’s selling, administrative, research and development, and financial expense ratios for H1 2024 were 12.58%, 3.64%, 1.94%, and -0.98% respectively, indicating a slight improvement in management efficiency [2][3] - The gross margin and net margin are expected to continue to improve due to the ongoing low prices of raw materials and the company's scale effect [2] Future Projections - The company forecasts net profits attributable to the parent company for 2024, 2025, and 2026 to be 292 million yuan, 379 million yuan, and 482 million yuan, representing year-on-year growth rates of 39.15%, 29.83%, and 27.29% respectively [2][4] - The projected P/E ratios for the next three years are 16X, 12X, and 10X, indicating a favorable valuation outlook [2]

隐证券 食品饮料/休闲食品 公 司 研 究 劲仔食品（003000.SZ） 2024 年 08 月 26 日 收入增长稳健，利润维持高增 ——公司信息更新报告 投资评级：增持（维持） 张宇光（分析师） 陈钟山（分析师） zhangyuguang@kysec.cn 证书编号：S0790520030003 chenzhongshan@kysec.cn 证书编号：S0790524040001 收入增长保持稳健，维持"增持"评级 公司发布 2024 半年报，2024H1 实现营收 11.30 亿元，同比增长 22.2%；实现归 母净利润 1.43 亿元，同比增长 72.4%。其中公司 2024Q2 实现营收 5.90 亿元，同 比增长 20.9%；实现归母净利润 0.70 亿元，同比增长 58.7%，业绩贴近此前预告 上限。我们维持盈利预测，预计公司 2024-2026 年净利润分别为 3.1、3.9、4.8 亿元，同比分别增长 48.4%、25.2%、22.2%，对应 PE 分别为 15.5、12.4、10.1 倍，维持"增持"评级。 新品保持高增，招商持续推进 分品类看， 2024H1 鱼制品 / 禽类制品 / ...

证券代码：003000 证券简称：劲仔食品 公告编号：2024-059 劲仔食品集团股份有限公司 关于召开 2024 年半年度业绩说明会的公告 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。 为充分尊重投资者、提升交流的针对性，现就公司本次业绩说明会提前向投 资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2024 年 9 月 2 日（星期一）15：00 前访问 http://ir.p5w.net/zj/或深圳证券交易所的"互动易"平 台"云访谈"栏目（http://irm.cninfo.com.cn），进入问题征集专题页面。公司将 在本次业绩说明会上，对投资者普遍关注的问题进行回答。 欢迎广大投资者积极参与！ 特此公告。 劲仔食品集团股份有限公司 董 事 会 2024 年 8 月 27 日 劲仔食品集团股份有限公司（以下简称"公司"）于 2024 年 8 月 22 日在巨 潮资讯网（www.cninfo.com.cn）发布 2024 年半年度报告。为便于广大投资者更 加全面深入地了解公司经营业绩、发展战略等情况，公司将于 2024 年 9 月 2 ...

Investment Rating - The report maintains an "Outperform" rating for Jinzai Food (003000) [2] Core Views - Jinzai Food achieved robust revenue growth and significant profitability improvement in H1 2024, with revenue reaching 1.13 billion yuan (YoY +22.17%) and net profit attributable to shareholders of 143 million yuan (YoY +72.41%) [4] - In Q2 2024, the company's revenue grew by 20.90% YoY, with net profit attributable to shareholders increasing by 58.74% YoY to 70 million yuan [5] - The company's gross margin improved by 4.14 percentage points in H1 2024, driven by lower raw material costs [4] - Jinzai Food's product strategy focuses on "big single products, full channels, branding, and internationalization," with strong performance in fish products, poultry products, and bean products [5] Financial Performance - Revenue breakdown for H1 2024: fish products (703 million yuan, +16.64% YoY), bean products (111 million yuan, +9.53% YoY), poultry products (258 million yuan, +51.10% YoY), and vegetable products (38 million yuan, +15.61% YoY) [5] - Gross margin by product: fish products (32.29%, +4.19 ppts), bean products (30.95%, +4.83 ppts), poultry products (22.24%, +5.26 ppts), and vegetable products (35.83%, +11.64 ppts) [5] - The company's net profit margin increased by 3.70 percentage points YoY in H1 2024, reaching 12.4% [4] Channel Performance - Offline sales grew by 29.45% YoY in H1 2024, contributing 930.63 million yuan, while online sales declined by 3.28% YoY to 198.92 million yuan [7] - The number of distributors increased from 3,057 to 3,166 in H1 2024 [7] Valuation and Forecast - The report forecasts 2024-2026 revenue of 2.53 billion yuan, 3.08 billion yuan, and 3.69 billion yuan, respectively, with net profit attributable to shareholders of 313 million yuan, 389 million yuan, and 476 million yuan [7] - The target price range is 13.80-17.25 yuan per share, based on a 2024 PE multiple of 20-25x [7] - Key financial metrics for 2024E: gross margin (30.6%), net profit margin (12.4%), and ROE (19.3%) [6][9]

劲仔食品集团股份有限公司 投资者关系活动记录表 证券代码： 003000 证券简称：劲仔食品 编号：2024-004 □特定对象调研 □ 分析师会议 投资者关系活 □媒体采访 □ 业绩说明会 动类别 □ 新闻发布会 □ 路演活动 ☑ 现场参观 ☑ 其他（电话会议） 参与单位名称 名单详见附件 及人员姓名 时间 2024 年 8 月 22 日 地点 线上电话会议 上市公司接待 董事、副总经理、董事会秘书 丰文姬 人员姓名 副总经理、财务总监 康厚峰 证券事务代表 涂卓 一、请介绍公司 2024 年半度的经营情况？ 答：2024 年公司坚定聚焦"大单品、全渠道、品牌化、国际 化"发展战略，以"做好吃又健康的休闲食品，改善人们生命质 量"为使命，选择优质蛋白健康食材为原料，立足中式风味休闲 食品赛道，把握行业发展机遇。2024 年上半年，公司实现营业收 入 112,955.89 万元，同比增长 22.17%；实现归属于上市公司股 投资者关系活 东的净利润 14,332.59 万元，同比增长 72.41%，盈利能力进一步 动主要内容介 改善。 绍 从整体盈利能力来看，公司半年度整体毛利率超过 30%，同比 增长 4 ...