Milkground(600882) 国际金融报·2025-04-02 12:38Core Viewpoint - Miaokelando (600882) aims to enhance the efficiency of fundraising and increase returns through a cash management investment of 435 million yuan [1] Group 1: Financial Performance - In 2024, Miaokelando plans to adjust its business strategy to achieve a revenue of 4.844 billion yuan and a net profit attributable to shareholders of 114 million yuan, representing a year-on-year growth of 89.16% [1] - The net cash flow from operating activities increased by 101.28% year-on-year, reaching 530 million yuan [1] - The cheese business generated a revenue of 3.757 billion yuan, up 6.92% from the previous year, while the trading business saw a strategic contraction with revenue of 531 million yuan, down 34.97% [1] Group 2: Product Development and Innovation - Miaokelando has been enhancing its R&D capabilities and expanding its product matrix through collaborations with well-known companies [1] - At the 33rd Shanghai International Hotel and Catering Expo, the company launched innovative products such as cheese cherry blossom pastries and spicy hot pot pizza, combining traditional techniques with dairy flavors [1] Group 3: Profitability and Margin Analysis - The overall gross margin for the company last year was 28.99%, up from 26.68% the previous year [2] - The gross margin for the ready-to-eat nutrition series was 46.97%, down 2.45 percentage points year-on-year, while the restaurant industrial series saw an increase of 4.79 percentage points to 18.86% [2] - The increase in product gross margin was attributed to lower raw material procurement costs and the use of domestic raw materials instead of imports [2]