Core Viewpoint - The company, Huanlejia, is facing declining revenue and net profit, prompting it to invest in a coconut processing project in Indonesia to seek new growth opportunities [1][7]. Financial Performance - In Q1 2025, Huanlejia reported revenue of 449 million yuan, a year-on-year decrease of 18.52%, and a net profit of 34.25 million yuan, down 58.27% [2][12]. - For the year 2024, the company achieved revenue of 1.855 billion yuan, a decline of 3.53%, and a net profit of 147 million yuan, down 47.06% [9]. - The revenue from coconut juice products in 2024 decreased by 3.66%, while the revenue from canned fruit products fell by 11.51% [9]. Investment Project - Huanlejia plans to invest up to 21 million USD (approximately 151 million yuan) in a coconut processing project in Indonesia, with an internal rate of return of 39.08% and a payback period of 3.51 years [2][5][4]. - The project will involve the establishment of a wholly-owned subsidiary in Indonesia and aims to produce coconut-related products, including fresh coconut juice and coconut water [5][6]. Cost Structure and Expenses - In 2024, the company's gross margin was 34%, down from 38.75% the previous year, attributed to changes in product structure and the expansion into lower-margin channels [10]. - Sales expenses for 2024 reached 293 million yuan, an increase of 23.29%, driven by higher promotional and advertising costs [11]. - Research and development expenses were 480,220 yuan in 2024, accounting for only 0.26% of revenue, despite a year-on-year increase of 41.98% [11].

Group 1 - Starbucks China believes in the significant growth potential of the Chinese market and is evaluating the best strategies for future growth, maintaining a positive development trend [1] - The company is currently in discussions regarding a potential acquisition of a stake by notable investment firms such as Hillhouse Capital and Carlyle Group, with the business valuation estimated between $5 billion to $6 billion [1] Group 2 - Huanlejia announced a price adjustment for certain specifications of its coconut juice products due to rising raw material costs, with increases ranging from 1% to 8%, affecting projected sales revenue of 795 million yuan for 2024 [2] - The company will also reduce prices for some products in specific regions by 1% to 5%, impacting projected sales revenue of 5.1889 million yuan for 2024, with the adjustments taking effect on July 1 [2] Group 3 - The 2025 New Fortune 500 Rich List highlights key figures in the coffee and tea beverage sector, including the founders of Mixue Ice City, Heytea, and others, showcasing their significant wealth and business growth [3] - Mixue Ice City has surpassed Starbucks in global store count, with over 46,000 locations, and the founders have a combined wealth of 117.9 billion yuan, making them the new richest in Henan [3] - Luckin Coffee reported a revenue of 34.5 billion yuan for 2024, a tenfold increase over five years, with major benefits accruing to the investor, Dazhong Capital, who holds a 36% stake [3] Group 4 - Jiahe Foods announced a complimentary coffee gift to all shareholders to express gratitude and enhance their understanding of the company's Jinmao® brand, with specific products being offered [4]

Core Viewpoint - The rising prices of coconut raw materials have led to price adjustments for coconut juice products by the company, with increases ranging from 1% to 8% starting July 1, 2025, while some prices will be decreased by 1% to 5% in certain regions [1][4][5]. Company Summary - The company, known for its coconut juice and fruit canned products, has seen a decline in performance due to increased competition and a decrease in coconut juice popularity, despite coconut juice being its main revenue source [3][4]. - In 2024, the company reported revenues of approximately 1.855 billion yuan, a decrease of 3.53% year-on-year, with net profits dropping by 47.06% to about 147 million yuan [3][4]. - The coconut juice segment generated revenues of 964 million yuan, accounting for 51.95% of total revenue, with the price adjustments affecting about 82.5% of all coconut juice products [3][4]. Industry Summary - The coconut water market has been growing significantly, with the global market size increasing from 2.5167 billion USD in 2019 to 4.9892 billion USD in 2024, reflecting a compound annual growth rate (CAGR) of 14.7% [7]. - The Greater China region's coconut water market has expanded dramatically, growing from 101.8 million USD to 1.0933 billion USD, with a CAGR of 60.8% [7]. - The rising demand for coconut products has led to a shortage of coconut raw materials, with prices for fresh coconuts in Hainan increasing significantly due to reduced production [8].

证券代码：300997 证券简称：欢乐家 公告编号：2025-063 欢乐家食品集团股份有限公司 关于对外投资设立印度尼西亚全资孙公司并建设 椰子加工项目的公告 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、 对外投资概述 欢乐家食品集团股份有限公司（以下简称"公司"、"欢乐家集团"）于 2025 年 6 月 23 日召开第三届董事会第一次会议，审议通过了《关于对外投资设立印 度尼西亚全资孙公司并建设椰子加工项目的议案》。根据公司战略规划及业务发 展需要，公司将在印度尼西亚共和国（以下简称"印尼"）建设椰子加工项目， 该项目总投资不超过 2,100 万美元，由公司向全资子公司欢乐家（香港）国际控 股有限公司（以下简称"欢乐家香港"）增资不超过 2,100 万美元，再由欢乐家 香港出资不超过 3,397.56 亿印尼盾（约折合 2,100 万美元）在印尼设立全资子 公司（以下简称"印尼全资孙公司"）具体实施本次椰子加工项目。董事会授权 公司管理层办理本次在境外投资设立印尼全资孙公司的事宜，包括但不限于向相 关境内主管部门申请办理境外投资审批或备案等手续；根 ...

第三届董事会第一次会议决议公告 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。 证券代码：300997 证券简称：欢乐家 公告编号：2025-060 欢乐家食品集团股份有限公司 一、 董事会会议召开情况 欢乐家食品集团股份有限公司（以下简称"公司"）第三届董事会第一次会 议于 2025 年 6 月 23 日在公司会议室以现场结合视频会议的方式召开, 本次会 议的通知于 2025 年 6 月 18 日以电子邮件及书面方式送达全体董事。董事长李兴 先生因事请假，未能亲自出席会议，书面委托副董事长李子豪先生代为出席、主 持会议并表决。会议应参加董事 9 人，实际参加董事 9 人。本次会议的召集、召 开及表决程序符合《公司法》及《公司章程》的有关规定，会议合法有效。 二、 董事会会议审议情况 (一) 审议通过《关于选举公司第三届董事会董事长的议案》 鉴于公司已完成第三届董事会换届选举，本次董事会选举李兴先生为公司第 三届董事会董事长，任期自董事会审议通过之日起至公司第三届董事会届满之日 止。 表决结果：9 票同意，0 票反对，0 票弃权 (二) 审议通过《关于选举公司 ...

欢乐家食品集团股份有限公司（以下简称"公司"）基于公司部分产品主要 原材料成本上涨等因素，为了更好地向消费者提供优质产品和服务，促进市场的 可持续发展，经公司审慎研究决定，对公司主要产品之椰子汁饮料产品的部分规 格出厂价格进行调整，本次产品价格上调幅度约为 1%-8%之间不等，本次涉及价 格上调的产品在公司 2024 年度的销售收入为 7.95 亿元。同时为统筹全国不同地 区的产品出厂价格，对少部分地区的椰子汁饮料产品的部分规格出厂价格进行了 下调，下调幅度约为 1%-5%之间不等，本次涉及价格下调的产品在公司 2024 年 度的销售收入为 518.89 万元。上述产品价格调整将于 2025 年 7 月 1 日开始实 施。 本次部分产品调价可能对市场销售有一定的影响，加之成本上涨因素，产品 调价不一定使公司收入、利润实现增长，对公司未来业绩产生的影响存在不确定 性，敬请广大投资者理性投资，注意投资风险。 欢乐家食品集团股份有限公司 2025 年 6 月 23 日 关于部分产品价格调整的公告 1 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。 特此公告。 欢乐家 ...

福建天衡联合（福州）律师事务所 关于欢乐家食品集团股份有限公司 2025 年第一次临时股东大会的 法律意见书 关于欢乐家食品集团股份有限公司 2025 年第一次临时股东大会的 法律意见书 （2025）天衡福顾字第 0052 号-02 号 致：欢乐家食品集团股份有限公司 引 言 福建天衡联合（福州）律师事务所接受欢乐家食品集团股份有限公司（以下简 称"公司"）的委托，指派本所律师参加公司 2025 年第一次临时股东大会（以下简 称"本次会议"），并根据《中华人民共和国公司法》《中华人民共和国证券法》、中 国证券监督管理委员会《上市公司股东会规则》《深圳证券交易所创业板股票上市规 则》和《深圳证券交易所上市公司股东大会网络投票实施细则》等法律、法规和规 范性文件以及《欢乐家食品集团股份有限公司章程》（以下简称《公司章程》）的规 定，按照律师行业公认的业务标准、道德规范和勤勉尽责的精神，并基于律师声明 事项，就本次会议的相关事项出具本法律意见书。 - 1 - 法律意见书 法律意见书 律师声明事项 本所及本所律师依据《证券法》《律师事务所从事证券法律业务管理办法》和 《律师事务所证券法律业务执业规则》等规定及本法律意 ...

证券代码：300997 证券简称：欢乐家 公告编号：2025-059 欢乐家食品集团股份有限公司 2025 年第一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议案的情形。 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) 会议召开时间： 1. 现场会议召开时间：2025 年 6 月 23 日（星期一）下午 15:00。 2. 网络投票时间：2025 年 6 月 23 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间：2025 年 6 月 23 日 9:15-9:25，9:30-11:30 和 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：2025 年 6 月 23 日 9:15 至 15:00 的任意时间。 (二) 股权登记日：2025 年 6 月 16 日（星期一） (三) 会议召开地点：湛江市开发区人民大道中 71 号欢乐家大厦 31 层会 议室。 (四) 会议的召开方式：采取现场投票与网络投票表决相结合的方式召 ...

证券代码：300997 证券简称：欢乐家 公告编号：2025-061 欢乐家食品集团股份有限公司 关于董事会完成换届选举的公告 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。 欢乐家食品集团股份有限公司（以下简称"公司"）于 2025 年 6 月 23 日召 开 2025 年第一次临时股东大会，选举产生公司第三届董事会非独立董事（职工 代表董事除外）和第三届董事会独立董事，经公司职工代表大会审议，选举产生 了公司第三届董事会职工代表董事，共同组成了公司第三届董事会。现将有关事 项公告如下： 一、 第三届董事会成员组成情况 公司第三届董事会由 9 名董事组成，其中包括 6 名非独立董事（其中职工代 表董事 1 名）和 3 名独立董事，董事会成员如下： | 序号 | 姓名 | 职务 | | --- | --- | --- | | 1 | 李兴 | 非独立董事（董事长） | | 2 | 李子豪 | 非独立董事（副董事长） | | 3 | 程松 | 非独立董事 | | 4 | 徐坚 | 非独立董事 | | 5 | LIN HOWARD ZHIHAO（林志豪） | 非独 ...

Core Insights - The Chinese beverage market is undergoing significant structural adjustments driven by the health consumption trend, with Huanlejia positioning itself as a leading player in the coconut beverage sector [1] - Huanlejia has launched two key new products, "Coconut Fruit Coconut Water" and "Coconut Water Beverage," marking a strategic shift from a traditional "coconut juice expert" to a comprehensive "full-category coconut beverage brand" [1] Company Overview - Huanlejia, listed on the A-share market (stock code: 300997), has built a strong reputation over more than 20 years by adhering to high-quality ingredients, gaining widespread market recognition and consumer trust [3] - The company focuses on developing affordable, refreshing coconut beverages that cater to various consumer scenarios, such as the Coconut Fruit Coconut Water, which contains coconut pulp for an enhanced drinking experience while maintaining zero fat content [3] Product Innovations - The Coconut Water Beverage is specifically targeted at workplace and sports consumers, addressing their need for instant energy and hydration, with added vitamins B6 and B12 to support protein metabolism and energy metabolism, respectively [5] - Huanlejia has identified the core demands of young consumers for natural, healthy, and lightly functional beverages, positioning itself with a dual strategy of "national brand + quality upgrade" [7] Competitive Advantages - The company's strong supply chain integration and scale effects provide critical support, leveraging direct sourcing from high-quality coconut sources in Southeast Asia to optimize cost structures and enhance market competitiveness [7] - Product differentiation is achieved through the unique taste of the Coconut Fruit Coconut Water and the vitamin-enriched Coconut Water Beverage, which stand out from existing industry offerings [7] - Huanlejia employs advanced aseptic cold filling technology to preserve the natural flavor and core nutrients of coconut water, ensuring a high-quality drinking experience for consumers [7] Marketing Strategies - To accelerate the market introduction of new products, Huanlejia has launched an innovative "dual-code linkage" promotional campaign, offering incentives for distributors and consumers, which enhances consumer engagement and drives market buzz for the new products [9] - The promotional activities include a "100% win red envelope" incentive for distributors and an "80% chance to win, up to 666 yuan red envelope" for consumers, effectively increasing product visibility and consumer interaction [9] Industry Impact - The new product strategy of Huanlejia signifies a systematic reconstruction of the value within the Chinese coconut beverage industry, showcasing its capabilities in demand insight, innovative product development, robust technical support, efficient channel collaboration, and interactive marketing promotion [11] - Huanlejia is actively driving the coconut beverage sector towards a direction characterized by "greater health, more diversity, and enhanced value perception" [11]