Core Insights - Qianwei Yangchu, known as the "first stock in the catering supply chain," reported a nearly 40% year-on-year decline in net profit for the first half of 2025 [1] - The number of distributors for the company decreased by 18.54% year-on-year [1] - The company's stock performance has been weak over the past two years, reflecting poor financial results [1] Financial Performance - The net profit for the first half of 2025 saw a significant drop of close to 40% compared to the previous year [1] - The decline in the number of distributors indicates potential challenges in the company's market reach and sales channels [1] Share Buyback Plan - In May 2025, the company announced a share buyback plan, but as of August 31, 2025, no shares have been repurchased [1] - The current stock price is significantly below the buyback price ceiling of 43.21 yuan per share, yet the progress on the buyback has been notably slow compared to 2024 [1] - A representative from the company's securities department stated that they are adhering to the regulations set by the stock exchange and the securities regulatory commission regarding the buyback execution [1]
“餐饮供应链第一股”半年报业绩承压，回购计划发布三月未行动