劲仔食品上市首现营利双降，实控人质押超五成持股

Core Viewpoint - Jinzai Food (003000), known as the "first stock of fish snacks," reported a decline in both revenue and profit for the first time since its listing, indicating potential challenges in its business operations [2][3]. Financial Performance - The company achieved a revenue of 1.124 billion yuan, a year-on-year decrease of 0.5% [2]. - The net profit attributable to shareholders was 112 million yuan, down 21.86% year-on-year [2]. - The net profit after deducting non-recurring gains and losses was 87 million yuan, a decline of 28.94% year-on-year [2]. Business Composition - Jinzai Food's main product categories include fish products, poultry products, bean products, and vegetable products, with key brands being "Jinzai," "Seven Doctors," and "Zhou Xianxian" [4]. - Fish products generated 757 million yuan in revenue, a year-on-year increase of 7.61%, accounting for 67.32% of total revenue [4]. - Bean products saw revenue of 115 million yuan, up 3.61% year-on-year, while poultry products declined by 24% to 196 million yuan, and vegetable products fell by 10.69% to 34 million yuan [4]. Cost and Expense Analysis - The operating cost for the first half of the year was 793 million yuan, an increase of 0.86% year-on-year [4]. - Sales expenses rose by 9.2% to 155 million yuan, management expenses increased by 18.32% to 49 million yuan, and R&D expenses grew by 17.78% to 26 million yuan [4]. - The combined pressure from rising costs and expenses significantly impacted profit margins, leading to a substantial decline in net profit [4]. Shareholder Equity Pledge - The controlling shareholder, Zhou Jinsong, and his wife, Li Bingyu, collectively hold 46.23% of the company's shares and have pledged 21.09 million shares for financing purposes [5]. - After the pledge, the total number of pledged shares by the couple reached 10.48 million, representing 50.28% of their holdings and 23.25% of the company's total shares [5]. - Upcoming pledge expirations include 15.85 million shares within six months, accounting for 7.6% of their holdings and 3.52% of the total shares, with a corresponding financing balance of 65 million yuan [6].