“植脂末大王”，给近2万股东送咖啡

Core Viewpoint - The company Jiahe Foods is engaging in shareholder rewards by distributing coffee products, reflecting its ongoing development in the coffee business amidst declining sales in its primary product line, powdered fats [1][2]. Group 1: Company Overview - Jiahe Foods is a leading player in the powdered fat industry in China, focusing on the research, production, and sales of powdered oils, coffee, plant-based products, and others [2]. - Major clients include well-known food companies such as Unification, Xiangpiaopiao, and Wahaha, as well as new tea beverage brands like Mixue Ice City and Hushang Ayi [2]. Group 2: Financial Performance - In 2024, Jiahe Foods reported revenue of 2.311 billion yuan, a year-on-year decline of 18.68%, with a net profit of 84 million yuan, down 67.43% [2]. - The powdered fat segment generated 1.159 billion yuan in revenue, a significant drop of 39.82%, while coffee products achieved revenue of 278 million yuan, growing by 6.58% with a gross margin of 16.26% [2]. Group 3: Market Position and Strategy - Despite partnerships with leading brands in the coffee sector, Jiahe Foods' brand presence in the consumer market remains relatively weak, with the coffee business having a 12% share in the consumer market and 88% in the business market [2]. - As of June 24, the stock price of Jiahe Foods was 13.71 yuan per share, with a total market capitalization of 6.2 billion yuan, reflecting a modest increase of 2.45% year-to-date [3].