YanKershop(SZ:002847) Zheng Quan Ri Bao·2025-10-28 11:41Core Insights - Salted Fish Company reported a revenue of 4.427 billion yuan for the first three quarters, representing a year-on-year growth of 14.67% [2] - The company achieved a net profit attributable to shareholders of 605 million yuan, with a year-on-year increase of 22.63% [2] - In the third quarter, the revenue reached 1.486 billion yuan, showing a year-on-year growth of 6.05%, while the net profit was 232 million yuan, up 33.55% year-on-year [2] Revenue and Profit Growth - The company experienced steady growth in both revenue and profit in the third quarter, with significant year-on-year and quarter-on-quarter increases [2] - The revenue from konjac products continued to grow strongly, while deep-sea snacks and leisure bean products also showed stable revenue growth [2] Product Innovation and Market Performance - The quail egg product line, through research and innovation, has successfully launched a soft-boiled quail egg that made it to the "Sam's New Products Hot Sale List" [2] - The high-margin products' revenue share has increased, contributing to improved net profit and gross profit margins [2] Business Division Highlights - The Spicy Division focuses on konjac snacks and leverages channel reuse advantages to promote the development of tofu products, with potential for new hit products like tiger skin fish tofu and tiger skin dried tofu [2] - The Health Division includes quail eggs and deep-sea series, with quail egg products becoming the industry leader, and two of the company's quail egg products are now available at Sam's Club [2] - The Sweet Division encompasses dried fruits, jellies, and baked potato products, all of which have significant growth potential for major products [2] R&D and Innovation Focus - Each business division emphasizes research and development as a driving force, concentrating on product innovation to continuously create star products, thereby providing diversified growth momentum for the company's revenue [2]