有友食品: 有友食品2025年半年度报告

Core Viewpoint - Youyou Foods Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, driven by its core product, spicy chicken feet, and a diversified product line in the leisure food sector [1][3]. Financial Performance - The company achieved operating revenue of CNY 770,953,697.51, a year-on-year increase of 45.59% [2][4]. - Total profit reached CNY 130,144,832.39, reflecting a growth of 44.27% compared to the previous year [2][4]. - Net profit attributable to shareholders was CNY 108,473,141.59, up 42.47% year-on-year [2][4]. - The net cash flow from operating activities was CNY 138,605,227.68, an increase of 15.22% [2][4]. Business Overview - The main business of the company is the research, production, and sales of spicy marinated leisure foods, with spicy chicken feet being the leading product [3][10]. - The company employs a procurement model combining "production-based ordering" and safety stock to ensure quality raw materials [3][10]. - The production process includes marinating, packaging, and sterilization, with a focus on maintaining product freshness and avoiding inventory buildup [3][10]. Market Strategy - The company is expanding its market presence through various channels, including membership supermarkets, bulk snack sales, and online platforms [3][10]. - Product innovation is emphasized, with efforts to diversify flavors and packaging to meet consumer demand [3][10]. Competitive Advantages - The company has established a strong brand presence, recognized as a famous trademark in China, particularly in the spicy chicken feet segment [4][10]. - Quality control measures are in place, including certifications such as ISO 22000 and HACCP, ensuring high standards in production [4][10]. - Strategic partnerships with suppliers help secure high-quality raw materials at reasonable costs [4][10]. Risks and Challenges - The company faces risks related to raw material price fluctuations, which constitute over 80% of its main business costs [9][10]. - Competition in the leisure food market is intense, with numerous players potentially impacting profitability through aggressive pricing strategies [10].