Financial Performance - The company achieved a revenue of 109.48 billion CNY in the first half of 2024, a decrease of 7.78% compared to 118.71 billion CNY in the same period of 2023 [7] - Net profit attributable to shareholders increased by 13.57% to 1.10 billion CNY, up from 965.75 million CNY [7] - The net profit after deducting non-recurring gains and losses surged by 1,013.79% to 160.69 million CNY, compared to 14.43 million CNY in the previous year [7] Revenue Breakdown - Kitchen food products accounted for approximately 65% of total revenue, with a slight volume increase of 2.5% year-on-year [8] - Feed raw materials and oil technology products represented about 35% of total revenue, with a volume increase of 3.7% [9] - The overall gross profit margin for kitchen food products improved slightly to 6.86% from 6.60% [8] Market Trends and Challenges - The decline in revenue was primarily attributed to falling product prices due to a decrease in raw material costs, which outweighed the growth in sales volume [7] - The flour business faced losses due to rapid capacity expansion and intense competition, but profitability is expected to improve in the second half of the year [3] - The company is focusing on increasing sales volume to counteract the impact of price declines in the grain and oil industry [2] Investor Relations Activities - The investor relations event on August 15, 2024, included participation from 52 institutions [2] - Key company representatives included Chairman Guo Kongfeng and CFO Lu Wenyu, who provided insights into the company's performance and future outlook [2] Cash Flow and Financial Health - Operating cash flow decreased by 84.76% to 1.64 billion CNY, primarily due to reduced revenue and changes in procurement and payment schedules [13] - Total assets decreased by 10.68% to 213.04 billion CNY as of June 30, 2024, compared to 238.50 billion CNY at the end of 2023 [12] - The company's debt-to-asset ratio improved to 55% from 60% [14]

Investment Rating - The report maintains a "Buy" investment rating for the company [7] Core Insights - The company's revenue is under pressure due to a decline in prices despite an increase in volume, but profit margins are showing signs of improvement [4] - The company reported a total revenue of 1094.78 billion yuan for H1 2024, a decrease of 8% year-on-year, while the net profit attributable to shareholders increased by 14% to 10.97 billion yuan [4] - The report anticipates continued profit margin optimization in the second half of 2024, driven by cost reductions in raw materials and improved sales performance [5] Summary by Sections Financial Performance - In Q2 2024, total revenue was 522.05 billion yuan, down 9% year-on-year, with a net profit of 2.14 billion yuan, up 92% [4] - The company's gross margin increased by 1 percentage point to 4.90% in H1 2024, with a net profit margin of 0.94%, reflecting stable profitability [4] Product Segments - The kitchen food segment saw revenue of 696.74 billion yuan in H1 2024, a decrease of 5%, but with a volume increase of 3% [5] - The feed raw materials and oil technology segment reported revenue of 389.66 billion yuan, down 12%, but with a gross margin increase of 1 percentage point to 1.01% [5] Earnings Forecast - The report adjusts the EPS forecast for 2024-2026 to 0.57, 0.71, and 0.84 yuan respectively, with corresponding PE ratios of 45, 37, and 31 times [6][8]

Financial Performance - The company's revenue for the reporting period was CNY 109.48 billion, a decrease of 7.78% compared to the same period last year[12]. - Net profit attributable to shareholders was CNY 1.10 billion, an increase of 13.57% year-on-year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 0.16 billion, a significant increase of 1,013.79% year-on-year[12]. - The company's operating cash flow net amount was CNY 1.64 billion, down 84.76% from the previous year[12]. - The total assets at the end of the reporting period were CNY 213.04 billion, a decrease of 10.68% compared to the end of the previous year[12]. - The net assets attributable to shareholders at the end of the reporting period were CNY 92.19 billion, an increase of 0.76% year-on-year[12]. - The total revenue for the first half of 2024 was 109,478,207 thousand yuan, a decrease of 7.78% compared to 118,713,632 thousand yuan in the same period of 2023[40]. - The gross profit margin for kitchen foods increased to 6.86% in the first half of 2024 from 6.60% in the same period of 2023, reflecting a 0.26% improvement[41]. - The revenue from kitchen foods was 69,674,319 thousand yuan in the first half of 2024, down 5.24% from 73,524,689 thousand yuan in the first half of 2023[40]. - The revenue from feed raw materials and oil technology was 38,965,627 thousand yuan, a decrease of 12.37% from 44,463,949 thousand yuan in the first half of 2023[40]. Market and Industry Trends - The decline in revenue was primarily due to falling product prices, which outweighed the contribution from increased sales volume[13]. - The edible oil industry in China has shown stable development with significant market opportunities, driven by rising consumer demand for high-quality and healthy products[27]. - The edible oil industry is experiencing a concentration of market share among leading brands, with expectations for further consolidation in the future[28]. - In the rice industry, China's rice production reached 208 million tons in 2023, but the processing sector remains underdeveloped with low utilization rates and significant opportunities for brand integration and product innovation[29]. - The wheat flour industry is facing challenges with overall demand weakening, while the concentration of processing capacity is increasing, leading to intensified competition among major players[30]. - The soybean market is experiencing a downward trend in prices due to increased supply, impacting the profitability of feed raw material companies[32]. - The oil technology sector is shifting towards differentiation and functionality, with a focus on sustainable development and potential benefits from carbon trading policies[33]. Brand and Marketing Strategy - "Golden Dragon Fish" brand ranked first in the edible oil category for the 14th consecutive year with a score of 750.4 in the 2024 China Brand Power Index[34]. - The brand value of "Golden Dragon Fish" is approximately 124.54 billion yuan, highlighting its strong market presence and influence[34]. - The company is leveraging a diversified brand operation strategy, including traditional and new media marketing, to enhance brand awareness and product promotion[36]. - The company is positioned as a key player in the agricultural products and food processing industry, with a comprehensive brand matrix covering high-end to mass-market segments[35]. Operational Efficiency and Production - The company has established a highly efficient production network across multiple locations, optimizing logistics and inventory costs through integrated production bases[25]. - The company has established 80 production bases nationwide, enhancing cost efficiency and product quality through strategic location near raw material sources[51]. - The production volume of kitchen foods increased by 6.00% to 9,717 thousand tons in the first half of 2024, while sales volume rose by 2.53% to 11,373 thousand tons[49]. - The company is expanding its product line into new categories such as seasonings, yeast, and plant-based meat, leveraging its competitive advantages across the supply chain[56]. Investment and Project Development - The company has committed to invest a total of CNY 1,100,000,000 in the Lanzhou New District Grain and Oil Food Processing Base Project, with a cumulative investment of CNY 695,852,000, achieving 94.03% of the planned investment progress[76]. - The Yihai Kerry Group's deep processing project has a total investment commitment of CNY 900,000,000, with a cumulative investment of CNY 513,845,000, reaching 85.64% of the planned investment progress[76]. - The company has reported a total of CNY 13,933,490 in raised funds, with CNY 440,548 invested during the reporting period and a cumulative investment of CNY 11,143,716[74]. - The company has delayed the completion date for several projects, including the Maoming food processing project, to December 31, 2024, due to construction progress issues[81]. Risk Management - The company faces various risks, including industry competition, macroeconomic fluctuations, and raw material price volatility[2]. - The company is experiencing a competitive market environment, leading to lower-than-expected benefits from several projects[81]. - The company is actively evaluating and adjusting its investment projects to ensure prudent investment practices amid complex market conditions[92]. - The company has implemented risk control measures to mitigate market, liquidity, credit, operational, and legal risks associated with derivative trading[96]. Environmental Compliance and Sustainability - The company is focused on improving its environmental compliance and reducing pollutant emissions in line with national standards[138]. - The company aims to achieve net-zero greenhouse gas emissions by 2050, with 2022 set as the baseline year for this target[163]. - The company has established partnerships with 19 agricultural cooperatives in Sichuan, promoting the cultivation of fresh peppers across 6,000 acres[164]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[166]. Shareholder and Corporate Governance - The annual shareholders' meeting held on April 15, 2024, had a participation rate of 91.1368%[127]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[129]. - The company has implemented a restricted stock incentive plan approved on March 31, 2022, to motivate and retain key employees[130]. - The company has not reported any issues or other circumstances regarding the use and disclosure of raised funds[88].

中信建投证券股份有限公司 关于益海嘉里金龙鱼食品集团股份有限公司 部分募投项目延期的核查意见 中信建投证券股份有限公司（以下简称"中信建投"、"保荐机构"）作为益 海嘉里金龙鱼食品集团股份有限公司（以下简称"金龙鱼"、"公司"）首次公开 发行股票并在创业板上市的保荐机构，根据《证券发行上市保荐业务管理办法》 《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管 指引第2号——创业板上市公司规范运作》等相关规定，对金龙鱼部分募集资金 投资项目延期的事项进行了审慎核查，具体情况如下： 一、募集资金投资项目的概述 （一）募集资金基本情况 经中国证券监督管理委员会《关于同意益海嘉里金龙鱼粮油食品股份有限 公司首次公开发行股票注册的批复》（证监许可[2020]2121号）同意注册，公 司首次公开发行人民币普通股（A股）股票542,159,154股，每股面值为人民币1 元，每股发行价格为人民币25.70元，募集资金总额为人民币1,393,349.03万元， 扣除发行费用（不含增值税）人民币24,055.22万元后，募集资金净额为人民币 1,369,293.81万元，于2020年10月9日募集资金到位。安永 ...

益海嘉里金龙鱼食品集团股份有限公司 非经营性资金占用及其他关联资金往来情况的专项说明 2024年6月30日 益海嘉里金龙鱼食品集团股份有限公司 2024 年半年报非经营性资金占用及其他关联资金往来情况汇总表 | 单位：人民币千元 | | --- | 3 益海嘉里金龙鱼食品集团股份有限公司 2024 年半年报非经营性资金占用及其他关联资金往来情况汇总表（续） | | | 占用方与 | 上市公司核 | 2 024年半年度 | 2024年半年度 | | 2 024年半年 度 | 2024年半年度 | 2024年半年 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资 | 资金占用方 | 上市公司的 | 算的会计科 | 期初占用 | 占用累计 | | 占用资金 | 偿还累计 | 度 | 占用 | 占用性 | | 金占用 | 名称 | 关联关系 | 目 | 资金余额 | 发生金额 | | 的利息 | 发生金额 | 期末占用 | 形成原因 | 质 | | | | | | | （不含利息） | | （ ...

益海嘉里金龙鱼食品集团股份有限公司 2024年半年度募集资金存放与使用情况的专项报告 一、募集资金基本情况 （一）募集资金金额和到账时间 益海嘉里金龙鱼食品集团股份有限公司（以下简称"公司"）经中国证券 监督管理委员会《关于同意益海嘉里金龙鱼粮油食品股份有限公司首次公开发 行股票注册的批复》（证监许可[2020]2121号）同意注册，首次公开发行人民 币普通股（A股）股票542,159,154股，每股面值为人民币1元，每股发行价格为 人民币25.70元，募集资金总额为人民币1,393,349.03万元，扣除发行费用（不含 增值税）人民币24,055.22万元后，募集资金净额为人民币1,369,293.81万元，于 2020年10月9日募集资金到账。安永华明会计师事务所（特殊普通合伙）已于 2020年10月9日对公司首次公开发行股票的资金到位情况进行了审验，并出具了 编号为安永华明（2020）验字第60657905_B02号的《验资报告》。公司对募集 资金进行专户管理。 （二）募集资金使用和余额情况 截至2024年6月30日，公司募集资金使用情况如下： | 项目 | 金额 (千元) | | --- | --- ...

证券代码：300999 证券简称：金龙鱼 公告编号：2024-040 益海嘉里金龙鱼食品集团股份有限公司 第二届董事会第二十二次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 经审核，董事会认为：公司《2024年半年度报告》及其摘要的编制和审核 程序符合法律、行政法规和中国证券监督管理委员会的规定，报告内容真实、 准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或重 大遗漏。 具体内容详见公司同日披露在巨潮资讯网（www.cninfo.com.cn）的《2024 年半年度报告》及《2024年半年度报告摘要》等相关公告。公司《2024年半年 度报告摘要》同日披露于《证券时报》《上海证券报》。 本议案已经公司董事会审计委员会审议通过。 一、董事会会议召开情况 益海嘉里金龙鱼食品集团股份有限公司（以下简称"公司"）第二届董事 会第二十二次会议于2024年8月12日在公司会议室以现场结合通讯表决方式召开。 会议通知已于2024年8月2日以电子邮件等方式发出。会议应到董事9人，实到9 人，其中董事长Kuok Khoon Hong（郭孔丰）、 ...

证券代码：300999 证券简称：金龙鱼 公告编号：2024-037 益海嘉里金龙鱼食品集团股份有限公司 关于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内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 益海嘉里金龙鱼食品集团股份有限公司（以下简称"公司"）于2024年8月 12日召开了第二届董事会第二十二次会议、第二届监事会第二十一次会议，分 别审议通过了《关于部分募投项目延期的议案》，同意公司在募投项目实施主 体、实施方式、建设内容、募集资金投资用途及投资规模不发生变更的前提下， 对部分募投项目达到预定可使用状态的时间进行调整，该议案无需提交公司股 东大会审议。现将具体情况公告如下： 一、募集资金投资项目的概述 （一）募集资金基本情况 经中国证券监督管理委员会《关于同意益海嘉里金龙鱼粮油食品股份有限 公司首次公开发行股票注册的批复》（证监许可[2020]2121号）同意注册，公 司首次公开发行人民币普通股（A股）股票542,159,154股，每股面值为人民币1 元，每股发行价格为人民币25.70元，募集资金总额为人民币1,393,349.03万元， 扣除发行费用（不含增值税）人 ...

一、募集资金基本情况 （一）募集资金金额和到账时间 公司经中国证券监督管理委员会《关于同意益海嘉里金龙鱼粮油食品股份有 限公司首次公开发行股票注册的批复》（证监许可[2020]2121 号）同意注册，首 次公开发行人民币普通股（A 股）股票 542,159,154 股，每股面值为人民币 1 元， 每股发行价格为人民币 25.70 元，募集资金总额为人民币 1,393,349.03 万元，扣 除发行费用（不含增值税）人民币 24,055.22 万元后，募集资金净额为人民币 1,369,293.81 万元，于 2020 年 10 月 9 日募集资金到账。安永华明会计师事务所 （特殊普通合伙）已于 2020 年 10 月 9 日对公司首次公开发行股票的资金到位情 况进行了审验，并出具了编号为安永华明（2020）验字第 60657905_B02 号的《验 资报告》。公司对募集资金进行专户管理。 中信建投证券股份有限公司 关于益海嘉里金龙鱼食品集团股份有限公司 部分募投项目结项并将结余募集资金永久补充流动资金的 核查意见 中信建投证券股份有限公司（以下简称"中信建投"、"保荐机构"）作为益海 嘉里金龙鱼食品集团股份有限 ...

证券代码：300999 证券简称：金龙鱼 公告编号：2024-039 益海嘉里金龙鱼食品集团股份有限公司 关于为子公司融资业务提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 益海嘉里金龙鱼食品集团股份有限公司（以下简称"公司"）于2024年8月 12日召开了第二届董事会第二十二次会议、第二届监事会第二十一次会议，分别 审议通过了《关于为子公司融资业务提供担保的议案》，现就相关事项公告如下： 一、担保情况概述 鉴于公司控股子公司益海晨科（南宁）农业有限公司（以下简称"益海晨科 南宁"）计划向交通银行股份有限公司广西壮族自治区分行（以下简称"交通银 行"）申请债权期限不超过十年（含十年）、本金金额为人民币17,580万元的综 合授信业务，现为满足益海晨科南宁生产经营需要，公司拟就前述授信业务向益 海晨科南宁提供连带责任保证担保，担保金额为人民币10,548万元本金及相关利 息和合理费用。担保期间为主合同约定的债务履行期限届满之日起三年。本次担 保额度及决议自董事会审议通过之日起至2024年12月31日期间有效。如单笔担保 的存续期超过了决议的有效期 ...