Financial Performance - The company's operating revenue for 2023 was CNY 2,065,206,610.45, representing a 41.26% increase compared to CNY 1,462,030,708.54 in 2022[19]. - Net profit attributable to shareholders increased by 68.17% to CNY 209,579,373.27 from CNY 124,661,269.25 in the previous year[20]. - The net profit after deducting non-recurring gains and losses rose by 64.49% to CNY 186,443,590.10, up from CNY 113,384,657.44 in 2022[20]. - The net cash flow from operating activities increased by 66.72% to CNY 155,780,679.11, compared to CNY 93,439,333.96 in the previous year[20]. - Basic earnings per share grew by 53.80% to CNY 0.4771 from CNY 0.3103 in 2022[20]. - Total assets at the end of 2023 reached CNY 1,818,281,992.98, a 40.19% increase from CNY 1,296,213,162.90 at the end of 2022[19]. - The net assets attributable to shareholders increased by 35.04% to CNY 1,306,550,383.05 from CNY 967,586,597.88 in 2022[19]. - The company's total revenue for the reporting period reached CNY 2,065,206,610.45, representing a 41.26% increase compared to the previous year[44]. - Total revenue for 2023 reached CNY 3,057 million, a 34.85% increase compared to CNY 2,267 million in 2022[49]. Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The company reported a net profit available for distribution to shareholders of CNY 270,092,737.30, with a cash dividend distribution plan of CNY 134,257,547.70, representing 100% of the total profit distribution[163]. - The cash dividend per 10 shares is set at CNY 3.00 (including tax), with a total of 447,525,159 shares as the base for the distribution[163]. - The company has not proposed any stock dividend distribution, focusing solely on cash dividends for the reporting period[163]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in operations[17]. - The company operates several wholly-owned subsidiaries, including Pingjiang Jinzai Food Co., Ltd. and Huawen Food (Kenya) Co., Ltd.[12]. - The company has engaged Zhongzheng Zhonghuan Accounting Firm for auditing services during the reporting period[18]. - The company has a continuous supervision agreement with Minsheng Securities, effective from February 7, 2023, to December 31, 2024[18]. - The company operates a self-production model based on "sales-driven production," ensuring production plans align with market demand[36]. - The company has established a comprehensive distribution network covering provinces, cities, and counties across the country, utilizing both direct sales and distribution models[38]. - The company has multiple patented innovations in bean products, aiming to enhance product and brand strength to become a national leader in the leisure bean product market[32]. - The company is focused on enhancing its product offerings and market presence through new product development and strategic partnerships[44]. Market and Product Development - The company's core product, "Jinzai Deep Sea Fish," saw a revenue increase of 25.87% in 2023, maintaining its leading position in the snack fish product market[30]. - The company plans to continue strengthening its market leadership in the snack fish industry, which is projected to grow from CNY 200 billion in 2020 to CNY 600 billion by 2030[30]. - The revenue from the quail egg product "Little Egg Round" exceeded 300 million yuan since its launch in 2022, becoming the company's second-largest product[31]. - The revenue from poultry products increased by 147.56% year-on-year in 2023, making it the company's second-largest category[31]. - The company's bean products achieved a year-on-year revenue growth of 18.68% in 2023, currently classified as a "200 million level" product[32]. - The company has developed several new products, including "Deep Sea Anchovy" and "Honey-flavored Quail Eggs," and completed 10 key product upgrade projects during the reporting period[69]. Sales and Marketing - Online sales accounted for 20.15% of total revenue, with a year-on-year growth of 34.76%, while offline sales represented 79.85% with a growth of 43.00%[45]. - The gross profit margin for online sales increased by 5.60% year-on-year, primarily due to the growth in revenue from the company's self-operated online platform[45]. - The number of distributors increased from 2,267 at the beginning of the year to 3,057 at the end, with 942 new distributors added during the reporting period[47]. - The company has established a comprehensive marketing network with 3,057 distributors across various channels, including modern retail and e-commerce platforms[58]. - The company has maintained a diversified sales strategy, including B2C and B2B online platforms, as well as traditional offline channels[38]. Research and Development - The company has an independent food research institute responsible for new product development, ensuring timely and effective research outcomes[39]. - The company completed the development of new differentiated products, including deep-sea fish snacks and fish tofu, enhancing its competitive edge[86]. - The company is developing a fully automated production line for traditional fish products, aiming to improve production efficiency and reduce labor costs[87]. - The company has invested significantly in technology, holding 44 industry-leading patents related to processing techniques[59]. Governance and Compliance - The financial report confirms the accuracy and completeness of the financial statements, with all board members present for the meeting[4]. - The company adheres to regulatory requirements for corporate governance, ensuring effective decision-making and protection of minority shareholders' rights[130]. - The company has maintained strict compliance with information disclosure regulations, ensuring timely and accurate reporting of both financial and non-financial data[134]. - The company has conducted ESG reporting for three consecutive years, demonstrating its commitment to corporate social responsibility[134]. - The company has implemented strict quality management and food safety systems, but potential food safety risks still exist due to varying quality of raw materials and production processes[123]. Employee and Management - The total number of employees at the end of the reporting period is 2,695, with 449 in the parent company and 2,246 in major subsidiaries[157]. - The company has established a training program called "Jinzai Academy" to enhance organizational capabilities and support talent development[158]. - The company has implemented a cash dividend policy in accordance with its articles of association and the shareholder meeting resolution, ensuring clear standards and procedures for profit distribution[161]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.1957 million[148]. - The company has implemented new equity incentive plans for key executives, including a total of 1,062,500 shares allocated to various managers[137]. Social Responsibility - The company donated over 1 million CNY to rural education during the reporting period[183]. - The company invested 54 million CNY in a wholly-owned subsidiary in Kenya, which is expected to benefit about 2,000 people in 20 villages[184]. - The company has created over 2.6 billion CNY in additional income for farmers through employment, orders, and assistance[181].

上 市 公 司 食品饮料 ——毛利率表现亮眼 24 年高增有望延续 | --- | --- | |----------------------------------|------------------------| | | | | 基础数据 : | 年 12 月 31 日 | | 每股净资产（元） | 2.9 | | | | | 资产负债率 % | 27.80 | | 总股本 / 流通 A 股（百万） | 451/303 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 《劲仔食品（003000）点评：23 年完美收 官 24 年高增有望延续》 2024/03/11 《劲仔食品（003000）点评：利润超预期 24 年高增有望延续》 2024/01/11 吕昌 A0230516010001 lvchang@swsresearch.com 周缘 A0230519090004 zhouyuan@swsresearch.com 联系人 熊智超 (8621)23297818× xiongzc@swsresearch.com 报告原因：有业绩公布需要点评 买入（维持）投资要点： 事件 ...

| --- | --- | |--------------------------|-------------------------| | | 公司快报 \n证券研究报告 | | | 休闲食品 | | 投资评级 | 买入 -A 维持评级 | | 6 个月目标价 | 18.05 元 | | 股价 (2024-03-27) 14.20 | 元 | | 交易数据 | | | 总市值 | (百万元) 6,405.18 | | 流通市值 | (百万元) 4,300.83 | | 总股本(百万股 | ) 451.07 | | 流通股本(百万股 | ) 302.88 | | 12 个月价格区间 | 9.79/15.13 元 | 股价表现 -34% -24% -14% -4% 6% 16% 2023-03 2023-07 2023-11 2024-03 劲仔食品 沪深300 | --- | --- | --- | --- | |------------|-------------|-------|--------| | | | | | | 资料来源： | Wind 资讯 | | | | 升幅 % | 1M | | 12M ...

Investment Rating - The report maintains a "Buy" investment rating for the company [2][7][19]. Core Views - The company has achieved significant revenue growth, with total operating income reaching 2.065 billion yuan in 2023, a year-on-year increase of 41%. The net profit attributable to shareholders was 210 million yuan, up 68% year-on-year [2][5]. - The company successfully completed its "three-year doubling" phase goal, driven by continuous development and optimization of distributors, terminal market construction, and new product promotions [2][5]. - The report highlights the strong performance of quail eggs, which have become the company's second-largest product, with sales revenue exceeding 300 million yuan [2][5][7]. Summary by Sections Financial Performance - In 2023, the company's gross profit margin was 28.17%, and the net profit margin was 10.27%, both showing improvements of 3 percentage points and 2 percentage points year-on-year, respectively [2][5]. - The company reported a gross profit margin of 32.61% and a net profit margin of 13.46% in Q4 2023, reflecting significant improvements due to scale effects and cost optimization [2][5]. - The company’s sales expense ratio and management expense ratio were 10.76% and 4.04%, respectively, indicating stable expense efficiency despite revenue growth [2][5]. Revenue Breakdown - Revenue from fish products, poultry products, soybean products, vegetable products, and others in 2023 was 1.291 billion, 452 million, 217 million, 72 million, and 26 million yuan, respectively, with poultry products seeing a remarkable 233% increase in sales volume [2][5]. - Online and offline channel revenues were 416 million and 1.649 billion yuan, respectively, with year-on-year growth of 35% and 43% [2][5]. Profit Forecast - The forecast for the company's main revenue is projected to be 2.638 billion yuan in 2024, with a growth rate of 27.7%, and net profit attributable to shareholders is expected to reach 317 million yuan, a growth rate of 51.3% [5][7]. - The report anticipates EPS of 0.70 yuan for 2024, with corresponding P/E ratios of 20, 16, and 14 for the years 2024, 2025, and 2026, respectively [7].

劲仔食品集团股份有限公司 2023 年度独立董事述职报告 作为劲仔食品集团股份有限公司（以下简称"公司"）的独立董事，在报告期 内，本人严格按照《公司法》《证券法》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》等相关法律法规及《公司章程》等相关规定， 本着恪尽职守、认真负责的态度，忠实履行了独立董事的职责，维护公司整体利益 和全体股东尤其是中小股东的合法权益。现将 2023 年度本人主要工作情况报告如 下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 刘纳新，男，中国国籍，出生于 1970 年 12 月，无境外永久居留权，会计学博 士，教授。1994 年至 2010 年历任湖南财经高等专科学校会计系教师、信息管理系 副主任、教务处副处长，2010 年至 2019 年 11 月任湖南财政经济学院会计学院院 长，2019 年 12 月至今任湖南财政经济学院图书馆馆长。曾任金杯电工股份有限公 司独立董事、湖南长高高压开关集团股份有限公司独立董事、湖南汉森制药股份有 限公司独立董事、东莞宜安科技股份有限公司独立董事，2018 年 7 月至今，担任 劲仔食品独立董事。 ...

证券代码：003000 证券简称：劲仔食品 公告编号：2024-025 劲仔食品集团股份有限公司 关于公司董事会战略与发展委员会调整为 董事会战略与 ESG 委员会并修订相关制度的公告 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。 劲仔食品集团股份有限公司（以下简称"公司"）于 2024 年 3 月 27 日召开 第二届董事会第二十次会议，审议通过了《关于公司董事会战略与发展委员会调 整为董事会战略与 ESG 委员会并修订相关制度的议案》，现将相关情况公告如下： 为进一步完善公司治理结构，适应公司战略发展需要，推进公司 ESG（环境、 社会与公司治理）工作，提升公司 ESG 管理水平，经研究，拟将"董事会战略与 发展委员会"更名为"董事会战略与 ESG 委员会"，并将原《董事会战略与发展 委员会议事规则》更名为《董事会战略与 ESG 委员会议事规则》，同时在原有职 责基础上增加相应 ESG 管理职责等内容，修订该委员会的议事规则部分条款。本 次调整仅就该委员会名称和职责进行调整，其组成及成员职位不作调整。本次调 整自公司第二届董事会第二十次会议审议通过之日起 ...

劲仔食品集团股份有限公司 劲仔食品集团股份有限公司 2023 年度独立董事述职工作报告 作为劲仔食品集团股份有限公司（以下简称"公司"）的独立董事，在报告期 内，本人严格按照《公司法》《证券法》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》等相关法律法规及《公司章程》等相关规定， 本着恪尽职守、认真负责的态度，忠实履行了独立董事的职责，维护公司整体利益 和全体股东尤其是中小股东的合法权益。现将 2023 年度本人主要工作情况报告如 下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 陈嘉瑶，女，中国国籍，出生于 1990 年 9 月，无境外永久居留权，本科学 历。2013 年 6 月至 2014 年 5 月长沙市天心公安分局作为巡防人员管理人员，2015 年 7 月至 2022 年 2 月系湖南汗青律师事务所律师，2022 年 3 月至 7 月任湖南金厚 律师事务所律师，2022 年 8 月至今任湖南云天律师事务所律师，2021 年 9 月至 今，担任劲仔食品独立董事。 （二）独立性说明 作为公司独立董事，本人及本人的直系亲属、主要社会关系均不在公司或其附 属企 ...

证券代码：003000 证券简称：劲仔食品 公告编号：2024-022 劲仔食品集团股份有限公司 关于回购注销 2023 年限制性股票激励计划 部分限制性股票的公告 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。 特别提示： 1、公司 2023 年限制性股票激励计划授予激励对象中 1 名激励对象于 2023 年离职不再具备激励对象资格，根据公司《2023 年限制性股票激励计划（草案）》 的规定，公司对该激励对象已获授但尚未解除限售的 100,000 股限制性股票进行 回购注销。约占公司当前股本总额的 0.0222%。 2、本次回购注销完成后，公司股本总额将由 451,069,159 股减至 450,969,159 股。 劲仔食品集团股份有限公司（以下简称"公司"）于 2024 年 3 月 27 日召开 第二届董事会第二十次会议、第二届监事会第十九次会议，审议通过了《关于回 购注销 2023 年限制性股票激励计划部分限制性股票的议案》，该议案尚需提交 股东大会审议。现将有关事项说明如下： 一、股权激励计划简述及实施情况 1、2023 年 4 月 2 日，公司召开 ...

劲仔食品集团股份有限公司 董事会议事规则 第一章 总则 第一条 为了进一步规范公司董事会的议事方式和决策程序，促使董事和董 事会有效地履行其职责，提高董事会规范运作和科学决策水平，根据《中华人民 共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《深圳证券交易所股票上市规则》、《深圳证券交易 所上市公司自律监管指引第 1 号——主板上市公司规范运作》等有关法律、行政 法规、部门规章和规范性文件以及《劲仔食品集团股份有限公司章程》（以下简 称"《公司章程》"）的规定，制定本规则。 劲仔食品集团股份有限公司 董事会议事规则 第二章 董事会的组成和职权 第二条 公司依法设立董事会，是公司的常设性决策机构，行使法律法规、 《公司章程》及公司股东大会赋予的职权，并对股东大会负责。公司董事会由 7 名董事组成，包括 4 名非独立董事及 3 名独立董事。 独立董事中至少包括 1 名会计专业人士。 公司设董事长 1 名。董事长由董事会以全体董事的过半数选举产生和罢免。 第三条 公司董事会可根据实际工作需要设立专门委员会。董事会专门委员 会为董事会的专门工作机构，专门委员会对董事会 ...

劲仔食品集团股份有限公司 审计委员会议事规则 第二条 审计委员会是董事会下设专门工作机构，对董事会负责并报告工作。 第三条 审计委员会依据《公司章程》和本议事规则的规定独立履行职权， 不受公司任何其他部门和个人的非法干预。 第二章 人员组成 第四条 审计委员会成员应当具备履行审计委员会工作职责的专业知识和 经验。 审计委员会由三名不在公司担任高级管理人员的董事组成，其中独立董 事应占半数以上且至少有一名独立董事为会计专业人士。审计委员会委员由董事 会选举产生。 劲仔食品集团股份有限公司 董事会审计委员会议事规则 第一章 总则 第一条 为强化劲仔食品集团股份有限公司（以下简称"公司"）董事会决 策功能，规范审计委员会的议事方式和决策程序，进一步完善公司治理结构，根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）《上市公司治理准则》（以下简称"《治理准则》"）、《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》（以下 简称"《规范运作》"）、《劲仔食品集团股份有限公司章程》（以下简称"《公司章 程》"）等有关法律、法规和规范性文件 ...