劲仔食品(003000) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 reached ¥924,594,058.34, representing a 49.07% increase compared to ¥620,250,251.21 in the same period last year[21]. - Net profit attributable to shareholders increased by 46.97% to ¥83,129,110.25, up from ¥56,670,426.03 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 35.09% to ¥71,886,529.68, compared to ¥53,321,779.82 in the prior year[22]. - Basic earnings per share increased by 36.17% to ¥0.192, while diluted earnings per share rose by 36.43% to ¥0.191[22]. - Total assets at the end of the reporting period amounted to ¥1,497,163,090.74, reflecting a 15.43% increase from ¥1,296,213,162.90 at the end of the previous year[21]. - Net assets attributable to shareholders increased by 22.56% to ¥1,185,738,912.75, compared to ¥967,586,597.88 at the end of the last year[21]. - The gross profit margin decreased by 0.81% to 26.26%, primarily due to rising raw material prices for fish products and changes in product structure from new product promotions[55]. - The total operating cost for the reporting period was CNY 681,809,507.18, representing a 50.73% increase from CNY 452,329,683.54 in the previous year[63]. Revenue Growth - The growth in operating revenue is attributed to continuous development and optimization of distributors, implementation of terminal market construction, new product promotion, and increased revenue from new media platforms[21]. - The company reported a 35.01% year-on-year growth in fish products in the first half of 2023, solidifying its leading position in the ready-to-eat fish snack industry[30]. - The quail egg product "Little Egg Round" achieved monthly sales revenue exceeding 27 million yuan and half-year sales revenue surpassing 100 million yuan, marking it as a breakout product[31]. - The company's poultry products saw a significant year-on-year growth of 155.05%, becoming the second-largest product category[31]. - The sales revenue of the company's bean products exceeded 100 million yuan in the first half of 2023, reflecting a year-on-year growth of 29.23%[32]. - The revenue from fish products was CNY 501.30 million, accounting for 54.22% of total revenue, with a year-on-year growth of 26.75%[54]. - The revenue from poultry products surged by 137.44% year-on-year, amounting to CNY 145.25 million, while the gross profit margin for poultry products decreased by 3.65%[54]. - The company's three main product categories—snack fish, poultry products, and bean products—experienced year-on-year growth of 35.01%, 155.05%, and 29.23%, respectively[41]. Sales Channels and Distribution - Online sales revenue reached CNY 205.67 million, representing a year-on-year growth of 69.71%, accounting for 22.24% of total revenue[45]. - The company expanded its distributor network from 2,267 to 2,559, enhancing its channel structure and coverage[42]. - The new media channel saw a remarkable growth of 580.48%, with the company becoming the top seller of seafood snacks on platforms like Tmall and Douyin[45]. - The company’s offline revenue was CNY 718.93 million, a year-on-year increase of 44.06%, making up 77.76% of total revenue[44]. - The company has established a comprehensive distribution network covering provinces, cities, and counties across the country, enhancing its market presence[38]. Product Development and Innovation - The company launched 8 new products and completed 6 major product upgrades during the reporting period, focusing on enhancing taste and health benefits[48]. - The company has a strong focus on product innovation and quality, utilizing high-quality raw materials such as marine fish and non-GMO soybeans[34]. - The company has developed a product matrix consisting of six major product series, including fish snacks, tofu, jerky, quail eggs, konjac, and plant-based meat[51]. - The company is focusing on expanding its fish snack product line and optimizing its existing product structure to strengthen its market position[51]. Investments and Financial Management - The company invested ¥16,797,779.02 in R&D, marking a 46.32% increase from ¥11,479,915.75 in the previous year[75]. - The company raised a total of CNY 28,500.00 million through a non-public offering, with a net amount received of CNY 27,814.00 million after deducting fees[96]. - The total investment amount for the reporting period was CNY 39,625,237.07, a decrease of 54.95% compared to CNY 87,949,784.16 in the same period last year[93]. - The company has ongoing investments in fixed assets, which increased to CNY 371,596,892.11 from CNY 349,777,198.18, reflecting a growth of approximately 6.3%[198]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[113]. - The company repurchased and canceled 30,000 restricted shares from an incentive plan due to the ineligibility of one participant[115]. - The company implemented a new restricted stock incentive plan on May 4, 2023, granting 3.33 million shares to 27 participants[115]. - The company held its first temporary shareholders' meeting on March 13, 2023, with an investor participation rate of 62.13%[111]. - The company has a plan to stabilize stock prices if the stock price falls below the latest audited net asset value per share for 20 consecutive trading days[130]. Risks and Challenges - The company faces risks related to food safety, including potential quality issues in raw materials and production processes[106]. - Increased competition in the traditional flavor snack market poses a risk to the company's growth if it fails to adapt effectively[107]. - The company has a strong brand presence, but risks exist regarding brand infringement and counterfeit products that could harm its reputation[108]. Social Responsibility and Community Engagement - The company has actively participated in the "Ten Thousand Enterprises Helping Ten Thousand Villages" initiative, establishing partnerships with two villages[125]. - The company has been awarded the "Excellent Team for Voluntary Blood Donation" in Yueyang City three times, with a total donation of approximately 180,000 milliliters[125]. - The company was recognized as one of the top ten A-share listed companies in Hunan for social responsibility[122].