营收、利润下滑，劲仔食品“三年倍增”计划遇阻？

Core Insights - Jinzai Food, known as the "first stock of fish snacks," reported a decline in both revenue and net profit for the first half of 2025, with revenue at 1.124 billion yuan, down 0.5% year-on-year, and net profit at 112 million yuan, down 21.86% [2] - The fish products segment, represented by "Jinzai Small Fish," remains the primary revenue source, generating 757 million yuan, a year-on-year increase of 7.61%, while poultry products saw a significant decline of 24% to 196 million yuan [2] Business Performance - Jinzai Food's revenue growth slowed significantly in 2024, with revenue growth dropping from 41.26% in the previous year to 16.79%, and net profit growth decreasing from 68.17% to 39.01% [3] - In Q1 2025, the company achieved revenue of 595 million yuan, a year-on-year increase of 10.27%, but net profit decreased by 8.21% to 68 million yuan [3] Strategic Initiatives - The company is enhancing cooperation with snack specialty channels and expanding its product SKU offerings while actively exploring overseas markets, with products sold in over 40 countries and regions [4] - While expanding into overseas markets presents new growth opportunities, it also poses challenges such as cultural differences and complex regulations, requiring significant resources for research and promotion [4]