巴比食品“炒股”少赚9382万元 推进全国化布局扣非增16.49%

Core Viewpoint - Baba Foods (605338.SH) experienced performance fluctuations due to stock trading impacts, with a reported revenue of 1.859 billion yuan in 2025, a year-on-year increase of 11.22%, while net profit attributable to shareholders decreased by 1.3% to 273 million yuan [1] Financial Performance - In 2025, Baba Foods achieved a total asset of 2.897 billion yuan, a growth of 1.53% from the beginning of the year, and equity attributable to shareholders increased by 3.18% to 2.337 billion yuan [1] - The company reported fair value changes from 2022 to 2024, with gains of 35.1152 million yuan, 14.1611 million yuan, and 91.1632 million yuan, primarily from indirect holdings in Dongpeng Beverage stocks [2] - The net profit for Baba Foods from 2022 to 2024 showed fluctuations, with figures of 222.3 million yuan, 214 million yuan, and 277 million yuan, reflecting a year-on-year change of -29.06%, -4.04%, and 29.42% respectively [2] Business Development - In 2025, Baba Foods focused on business expansion and integration, achieving steady growth in its core operations, with a significant increase in franchise store numbers and successful acquisitions in Nanjing and Zhejiang [3] - As of September 2025, the total number of franchise stores reached 5,934, with a net increase of 791 stores, and the company added 33 new distributors in the East China region [3] - Sales revenue from franchise, direct stores, and group meal channels accounted for 74.72%, 1.25%, and 22.63% respectively in the first nine months of 2025 [3]