海天味业更新员工持股方案 加码考核目标

Core Viewpoint - Haitian Flavor Industry (603288) has revised its employee stock ownership plan for 2025, increasing performance assessment requirements, with a new target of a compound annual growth rate of at least 11% for net profit attributable to shareholders from 2024 to 2026 [1][2] Group 1: Employee Stock Ownership Plan - The revised performance assessment indicators now require a compound annual growth rate of at least 11% for net profit attributable to shareholders from 2024 to 2026, compared to the previous requirement of a minimum growth of 10.8% for 2025 compared to 2024 [1] - The employee stock ownership plan involves up to 800 core management personnel and key employees, with a total scale of 184 million yuan, funded by the company's incentive fund [1] Group 2: Financial Performance - In the first half of the year, the company achieved operating revenue of 15.23 billion yuan, a year-on-year increase of 7.59%, and a net profit attributable to shareholders of 3.91 billion yuan, up 13.35% year-on-year [1][2] - The gross profit margin for the main business increased by 2.82 percentage points year-on-year, benefiting from a decline in raw material prices and product structure optimization [1] Group 3: Product and Market Development - The company has maintained steady growth in core categories such as soy sauce, oyster sauce, and condiments, while accelerating the growth of specialty condiments [2] - All product categories showed revenue growth in the first half, with sauces and other products (including vinegar and cooking wine) experiencing double-digit year-on-year growth [2] - Online channels generated revenue of 842 million yuan, with a year-on-year growth rate of 38.97%, although they accounted for only 5.78% of total revenue [2] Group 4: International Strategy - The company completed its H-share listing, marking a further advancement of its international strategy [2] - Although overseas business currently represents a small portion of total revenue, the company sees significant market opportunities and is accelerating its international expansion efforts [2]