Core Viewpoint - The company is undergoing a transformation under the leadership of its founder, focusing on optimizing store operations, enhancing product offerings, and expanding distribution channels to drive growth and improve profitability [1][2][3] Group 1: Company Overview - Founded by Zhou Fuyou in Wuhan, the company has developed into a leading player in the domestic leisure cooked duck products market, with a total of 3,031 retail stores as of 2024 [1] - The company's revenue and net profit have experienced a compound annual growth rate (CAGR) of 6.57% and -8.49% respectively from 2013 to 2024 [1] Group 2: Operational Improvements - Since the founder resumed management, the company has focused on enhancing single-store performance through product optimization, store operations, and employee incentives [1] - The store count increased by 23% in 2022, followed by 11% in 2023, but saw a decline of 21% in 2024, while same-store revenue improved by 5% in 2023 and is expected to continue this upward trend [1] Group 3: Channel Development - The company has elevated the development of distribution channels to a strategic level, establishing a dedicated department and targeting high-end membership stores, supermarkets, and snack channels [2] - Successful entry into major supermarket channels has been achieved, with expectations for significant growth in 2025 [2] Group 4: International Expansion - The company is actively exploring overseas markets, aiming to spread Chinese marinated food culture and establish new growth avenues, with plans to enter Southeast Asia and other regions by 2025 [3] - A joint venture has been formed to launch a new series of compound seasonings, with plans for additional product launches in the coming years [3] Group 5: Financial Projections - Projected net profits for 2025, 2026, and 2027 are expected to be 152 million, 188 million, and 219 million respectively, with year-on-year growth rates of 54.44%, 24.02%, and 16.52% [3] - The company is considered to have a favorable valuation compared to peers, with price-to-earnings ratios of 31.23x and 25.18x for 2025 and 2026 respectively [3]

股票代码：000564 股票简称：供销大集 供销大集集团股份有限公司投资者关系活动记录表 编号：2025-003 | | √特定对象调研 分析师会议 | | | | | --- | --- | --- | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | | | 类别 | □新闻发布会 □路演活动 | | | | | | □现场参观 □其他 | | | | | 参与单位 | 国联基金管理有限公司、长盛基金管理有限公司 | | | | | 时间 | 2025 年 5 月 7 日 | | | | | 地点 | 北京市西城区宣武门外大街甲 1 号环球财讯中心 D 座 14 层 | | | | | 形式 | 现场交流 | | | | | 上市公司接待人 | 董事会办公室、资产运营部、计划财务部工作人员 | | | | | 员 | 1.收购的商业发展公司，在地下空间这块业务后续的发展展望是什么？ | | | | | | 商业发展公司主营商业网点建设与运营、商贸物流、大宗商品贸易三大业务，是中国供销 集团有限公司旗下供销商贸集团的核心企业，是国内单建式平急两用、平战结合人防工程开发 ...