劲仔食品集团股份有限公司（以下简称"公司"）于 2025 年 6 月 24 日召开 第三届董事会第六次会议，审议通过了《关于公司部分募投项目延期的议案》， 同意公司将募投项目"湘卤风味休闲食品智能生产项目"达到预定可使用状态日 期从 2025 年 6 月延期至 2025 年 12 月，在此期间，公司将根据项目实施具体进 度投入募集资金。本次募投项目延期未改变募集资金投资用途、投资总额和实施 主体，不会对募投项目的实施造成实质性不利影响，该事项无需提交公司股东会 审议。现将相关情况公告如下： 一、募集资金基本情况 证券代码：003000 证券简称：劲仔食品 公告编号：2025-040 劲仔食品集团股份有限公司 关于公司部分募投项目延期的公告 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。 五、保障延期后项目按时完成的相关措施 经中国证券监督管理委员会《关于核准劲仔食品集团股份有限公司非公开发 行股票的批复》（证监许可〔2022〕2960 号）核准，公司向 2022 年第一次临时 股东大会审议通过的发行对象周劲松先生发行 47,899,159 股普通股（A 股）， ...

劲仔食品集团股份有限公司 证券代码：003000 证券简称：劲仔食品 公告编号：2025-041 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 第三届董事会第六次会议决议公告 1、劲仔食品集团股份有限公司（以下简称"公司"）第三届董事会第六次 会议由董事长周劲松先生召集，会议通知于 2025 年 6 月 21 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 2025 年 6 月 24 日在长沙市开福区万达广场 A 座写字楼 46 楼公司会议室召开，采取现场及通讯方式进行表决。 3、本次会议应出席董事人数 7 人，实际出席董事人数 7 人，无委托出席情 况。 4、本次董事会由董事长周劲松先生主持，公司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。 表决结果：7 票同意，0 票反对，0 票弃权。 （二）审议通过《关于补选第三届董事会薪酬与考核委员会委员的议案》 为进一步完 ...

Group 1 - The core viewpoint of the article highlights the collaboration between Jinzhai Food and Kenya in the seafood industry, showcasing the export of wild deep-sea anchovies to China as a significant achievement in Sino-African trade cooperation [1] - Jinzhai Food has established a seafood processing base in Kenya since 2018, which allows for the procurement and processing of local fish, thereby creating a direct supply chain relationship [1] - The first batch of wild deep-sea anchovies from Kenya arrived in Changsha in June 2023, marking a milestone in the export of Kenyan seafood to China [1] Group 2 - The nutritional benefits of the wild anchovies include high-quality protein, DHA, and unsaturated fatty acids, making them suitable for health-conscious consumers [5] - The economic value of anchovies extends to their potential processing into products like deep-sea fish oil, contributing to the diversification of the local fishing economy [5] - Other African countries also possess rich marine resources, with Morocco, Senegal, and South Africa being key areas for sardines, while Seychelles and Tanzania are known for tuna [5] Group 3 - The construction of international logistics channels is accelerating the entry of African marine resources into the domestic market, increasing the variety and scale of seafood available [6] - Leading food processing and restaurant chain companies in China are actively engaging with African fishing suppliers to enhance local processing capabilities, which will shorten the time from ocean to table [6] - This initiative not only adds value to primary products but also provides employment and income for local communities, enhancing Sino-African cooperation in deep-sea resource development [6]

Investment Rating - The industry rating is "Positive" (maintained) [5] Core Views - The new consumption trend continues, focusing on low-priced/undervalued stocks with potential catalysts, particularly in the food and beverage sector. Key areas of focus include "category dividends in the food sector," "new channel drivers like membership supermarkets," and "new hotspots in health products" [2][16] - The traditional consumption represented by liquor may face pressure, with current recommendations for leading brands in the fragrance category [12][16] Summary by Sections Liquor Sector - The liquor sector is expected to face pressure in Q2, with current valuations remaining low. Recommended stocks include leading brands such as Guizhou Moutai, Wuliangye, and Shanxi Fenjiu for medium-term positioning [12][16] - Recent performance shows a decline of 0.84% in the liquor sector, with notable increases in stocks like Jinhui Liquor (+6.25%) and Huangtai Liquor (+5.03%) [3][22] - Guizhou Moutai has launched new products at the 2025 Osaka World Expo, indicating ongoing brand expansion efforts [4] Consumer Goods Sector - The consumer goods sector continues to show potential, with a focus on stocks like New Dairy, Jin Zai Food, and Aijia Food. The sector saw a rise in non-dairy beverages (+1.33%) and meat products (+1.30%) [2][22] - The overall market sentiment remains positive, with a recommendation for leading stocks in the retail transformation and cost cycle opportunities [16] Market Performance - From June 3 to June 6, the CSI 300 index rose by 0.88%, with the non-dairy beverage and meat product sectors leading the gains. In contrast, other liquor categories saw declines [22] - The valuation levels in the food and beverage industry have adjusted, with the industry trading at 21.64 times earnings, while specific segments like liquor are trading at varying multiples [28]

Investment Rating - The report maintains a "Positive" investment rating for the food and beverage industry [4]. Core Viewpoints - The new consumption trend continues, focusing on low-priced/undervalued stocks with potential catalysts, particularly in the food sector, new retail channels, and health products [2][29]. - The report highlights the need to pay attention to the white liquor sector, which may face pressure in the second quarter, suggesting a focus on leading brands with strong market positions [16][29]. Summary by Sections White Liquor Sector - The white liquor sector is currently under pressure, with a recommendation to prioritize leading brands such as Guizhou Moutai, Wuliangye, and Shanxi Fenjiu for mid-term investments [16][29]. - Recent policies regarding public receptions may impact white liquor consumption, but the overall effect is expected to be limited due to a shift from government to business consumption since 2016 [7][16]. - The report notes that the white liquor sector is still in a bottoming phase, with opportunities for mid-term positioning in leading brands [4][16]. Consumer Goods Sector - The consumer goods sector shows a continuation of the new consumption trend, with a focus on potential catalysts in food categories, new retail channels, and health products [2][29]. - Recommended stocks in this sector include Jin Zai Foods, New Dairy, Anji Foods, and others, with a focus on companies that can leverage new retail opportunities [2][29]. Market Performance - From May 26 to May 30, the Shanghai Composite Index fell by 1.08%, while non-dairy beverages and other liquor categories saw gains of 8.96% and 7.93%, respectively, with white liquor declining by 2.80% [2][35]. - Specific stocks such as Tianyoude Liquor and Huazhi Liquor showed positive performance, while others like Luzhou Laojiao and Shanxi Fenjiu experienced declines [3][39]. Price Trends - The report provides insights into the pricing trends of key white liquor brands, indicating stable prices for Guizhou Moutai and Wuliangye, with slight fluctuations noted [15][55].

Core Viewpoint - The company, Jinzhai Food, has decided to withdraw from the investment fund "Yueyang Caijin Taiyou Industrial Investment Partnership" and significantly reduce its investment in another fund, focusing on its core business amidst slowing revenue growth and rising advertising costs [1][6][10]. Investment Fund Withdrawal - Jinzhai Food announced its exit from the "Yueyang Caijin Taiyou Industrial Fund," which it co-established in September 2021 with a total fund size of 500 million yuan, where Jinzhai's planned contribution was 20 million yuan [2][4]. - The company also reduced its stake in the "Xiangxinli Private Equity Fund" from 19.60% to 6.86% by transferring an unfulfilled contribution of 65 million yuan to another company [5][6]. Focus on Core Business - The decision to withdraw from these funds is part of Jinzhai Food's strategy to concentrate on its main operations, optimize asset structure, and ensure sustainable development [6][7]. - The company aims to double its revenue and net profit by 2026 compared to 2023, despite facing challenges such as a decline in net profit in the first quarter of 2024 [11]. Financial Performance - Jinzhai Food has experienced steady revenue growth over the past three years, with revenues of 1.462 billion yuan, 2.065 billion yuan, and 2.412 billion yuan from 2022 to 2024, and net profits of 125 million yuan, 210 million yuan, and 291.3 million yuan respectively [10]. - However, advertising expenses surged by 180% in the last year, leading to a noticeable slowdown in revenue growth, with a revenue growth rate of 16.79% in 2024 compared to 41.26% in 2023 [10][11].

Investment Rating - The report gives a "Strong Buy" rating for the company, with a target price of 17.02 CNY based on a 23x valuation multiple [2][4]. Core Insights - The company has a strategic plan for rapid growth, aiming to double its performance by 2026 through new product launches and channel optimization [1][15]. - The quail egg segment is expected to regain growth through adjustments and new product introductions, while the small fish products will benefit from increased market coverage [16][2]. - The company is well-positioned in the fish product market, with a projected sales revenue growth of 17.4% and a net profit growth of 14.3% in 2025 [2][3]. Summary by Sections Company Overview - The company focuses on leisure food, developing three main categories: fish products, poultry products, and bean products, with notable brands including "Jinzai" and "Xiaodan Yuanyuan" [5][17]. Growth Drivers - The company has a strong product development capability, with successful launches like the "soft-boiled quail egg" and "fresh bean curd" [1][15]. - The small fish segment has maintained a leading market position, with revenue expected to reach 15.33 billion CNY in 2024, continuing a trend of double-digit growth [28][34]. Financial Projections - The company forecasts sales revenue of 2,831.65 million CNY in 2025, with a net profit of 332.99 million CNY, reflecting a growth rate of 14.3% [3][2]. - The projected earnings per share (EPS) for 2025 is 0.74 CNY, with a dynamic price-to-earnings (PE) ratio of 19.5 [2][3]. Market Position - The company holds a 13.95% market share in the quail egg segment, positioning it as a leading player despite competitive pressures [44][46]. - The overall market for leisure fish products is expected to grow significantly, with projections indicating a market size of 300 billion CNY by 2025 [34][2]. Channel Strategy - The company is expanding its traditional and emerging channels, including membership supermarkets and online platforms, to enhance market penetration [54][56]. - The diversification of channels is expected to support stable growth, with significant investments in e-commerce and live streaming sales [56][55].

Investment Rating - The report gives a "Strong Buy" rating for the company, with a target price of 17.02 RMB based on a 23x valuation multiple [2][4]. Core Viewpoints - The company has a strategic plan for rapid growth, aiming to double its performance by 2026 through new product development and channel optimization [1][15]. - The quail egg segment is expected to regain growth momentum, while the small fish products will continue to grow steadily with increased market coverage [16][2]. - The company is well-positioned in the fish product market, with a projected sales revenue growth of 17.4% and a net profit growth of 14.3% in 2025 [2][3]. Summary by Sections Company Overview - The company focuses on the leisure food sector, developing three main categories: fish products, poultry products, and bean products, with notable brands including "Jinzai" and "Xiaodan Yuanyuan" [5][17]. Growth Drivers - The company has a solid channel management strategy, although it still lags behind top competitors in terms of channel coverage and quality [1][15]. - New product innovations, such as the "soft-boiled quail egg" and "fresh bean curd," are expected to drive performance [1][16]. Financial Projections - For 2025, the company is projected to achieve sales revenue of 2.83 billion RMB, with a net profit of 333 million RMB, reflecting a growth rate of 14.3% [3][2]. - The earnings per share (EPS) is expected to be 0.74 RMB, with a dynamic price-to-earnings (PE) ratio of 19.5 [2][3]. Market Position - The company is a leader in the small fish product market, with a market share expected to increase as the overall market grows from 200 billion RMB in 2020 to an estimated 600 billion RMB by 2030 [34][2]. - The quail egg segment has a market share of approximately 13.95%, positioning the company favorably against competitors [44][46]. Channel Strategy - The company is expanding its traditional and emerging channels, including membership supermarkets and online platforms, to enhance market penetration [54][56]. - The company has established a strong presence in both offline and online channels, with significant growth in membership systems and e-commerce platforms [56][57].

Group 1 - The company has participated in the establishment of a private equity fund with a total scale of 500 million RMB, contributing 20 million RMB as a limited partner [1] - The company has transferred its entire equity stake of 20 million RMB in the fund to Beijing Different Remarkable Enterprise Management Development Center (Limited Partnership) for a price of 5 million RMB, with the remaining capital contribution to be fulfilled by the new partner [2] - The transfer of equity does not constitute a related party transaction or a major asset restructuring, and does not require approval from relevant authorities [2][3] Group 2 - The exit from the investment fund is aligned with the company's actual situation and future development plans, allowing the company to consolidate funds and focus on its core business [3] - The exit will not have a significant impact on the company's financial status or operational activities, ensuring the protection of the interests of the company and its shareholders, particularly minority shareholders [3]

证券代码：003000 证券简称：劲仔食品 公告编号：2025-039 劲仔食品集团股份有限公司 关于公司参与投资产业基金公告的进展公告 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、与专业投资机构合作投资概述 劲仔食品集团股份有限公司（以下简称"公司"）于 2021 年 9 月 1 日召开 总经理办公会审议通过了《关于公司参与投资产业基金的议案》，同意公司作为 有限合伙人以自有资金 2,000 万元人民币与岳阳市财金高新产业投资有限公司、 岳阳市城市建设投资集团有限公司、北京江河源控股有限公司、北京嘉源置业投 资有限公司、北京嘉润鸿达置业有限公司、北京海悟实业有限公司、湖南天巽康 太投资合伙企业（有限合伙）、岳阳建设工程集团有限公司、美事达投资控股股 份有限公司、北京泰有系创业投资管理有限公司共同出资成立岳阳市财金泰有产 业投资合伙企业（有限合伙），基金规模为 50,000 万元人民币。合伙企业岳阳 市财金泰有产业投资合伙企业（有限合伙）完成了工商登记手续，并按照《证券 投资基金法》和《私募投资基金监督管理暂行办法》等法律法规的要求在中国证 券投资基金 ...