佳禾食品回应上半年增收不增利：原材料成本和销售费用双重挤压

Core Insights - The company achieved a revenue of 1.185 billion yuan in the first half of the year, representing a year-on-year growth of 10.43%, while the net profit attributable to shareholders decreased by 82.1% to 12.4328 million yuan [1] - The decline in profit is attributed to rising costs of core raw materials such as palm kernel oil and coconut oil, alongside increased sales expenses due to investments in coffee business expansion and C-end channel development [1] Group 1: Business Performance - The coffee business saw a significant increase in orders from May to June, with a year-on-year growth of over 50% in order volume from tea and coffee clients, aligning with the company's growth expectations for the year [2] - The tea beverage segment experienced an increase in order clients due to the external competition, although the overall trend showed increased revenue without corresponding profit growth [2] Group 2: Industry Dynamics - The coffee supply chain is facing challenges, with small manufacturers shutting down due to rising raw material prices and insufficient supply capacity, leading larger clients to seek partnerships with the company [2] - The competitive landscape in the coffee industry is characterized by a "stronger getting stronger" trend, where leading brands are expanding their presence while smaller brands are either retracting or closing down [2]