证券代码：600693 证券简称：东百集团 公告编号：临 2025—054 福建东百集团股份有限公司 2025 年前三季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 福建东百集团股份有限公司（以下简称"公司"）根据《上海证券交易所上市公司自 律监管指引第 3 号——行业信息披露》的要求，现将公司 2025 年前三季度（以下简称"报 告期"）主要经营数据披露如下： 一、2025 年第三季度公司门店变动情况 无。 二、2025 年第三季度公司拟增加门店情况 无。 信息披露文件 三、2025 年 1-3 季度公司主要经营数据分析 （一）主营业务分行业情况 1. 商业零售业务收入与上期基本持平，主要是消费市场的结构性变化，零售市场竞 - 1 - 单位:万元 币种:人民币 分行业 营业收入 营业成本 毛利率 (%) 营业收入 比上年同 期增减 (%) 营业成本 比上年同 期增减 (%) 毛利率比 上年同期增减 商业零售 115,044.01 52,227.79 54.60 -0.13 2.37 减少 1.11 个百 ...

Core Viewpoint - Master Kong, once a national brand for the 80s and 90s, is now facing sluggish revenue growth, with a 2.7% year-on-year decline in revenue for the first half of 2025, particularly in its core businesses of instant noodles and beverages [1][2] Revenue and Profit Analysis - In the first half of 2025, Master Kong reported revenue of 40.092 billion yuan, down 2.7% year-on-year, while net profit increased by 20.5% to 2.271 billion yuan [2] - The company’s distribution network has seen a significant reduction, with the number of distributors decreasing by 3,409 to 63,806 and direct retailers down by 1,499 to 219,124 compared to the end of 2024 [2] - The increase in net profit is attributed to a 2.8% rise in gross profit to 13.815 billion yuan and a gain of 211 million yuan from the sale of stakes in two subsidiaries, contributing to a 144% increase in other net income [2] Business Segment Performance - The revenue share of Master Kong's two core businesses in the first half of 2025 was 33.6% for instant noodles and 65.7% for beverages, with the instant noodle segment experiencing a continuous decline [3] - Instant noodle revenue dropped from 29.51 billion yuan in 2020 to 28.414 billion yuan in 2024, with a further decline of 2.5% in the first half of 2025 [3] - The beverage segment, which has become a crucial growth driver, saw its revenue decline by 2.6% to 26.359 billion yuan in the first half of 2025, despite a net profit increase of 19.7% [5][6] Competitive Landscape - The beverage market, particularly in the no-sugar tea segment, has become highly competitive, with Master Kong facing challenges from leading players like Nongfu Spring and Yuanqi Forest [6] - Master Kong's lack of new hit products in recent years has raised concerns about its ability to innovate and compete effectively in the evolving market [6] - The company is responding to consumer demand for health-oriented products by launching herbal drinks, but the new market segment is also attracting strong competition [6]

Group 1 - The investment landscape in the consumer sector in 2025 shows a stark contrast between successful exits and significant losses, highlighting the volatility of the market [1] - Bee Chao Capital achieved a remarkable exit from Pop Mart with a return of 31.23 billion HKD, while Jiangsu Hongxin faced a -10.6% IRR loss on its IPO [1] - The report analyzes various consumer industry exit events in the first half of 2025, aiming to provide insights into successful and unsuccessful investment strategies [1] Group 2 - Notable successful exits include companies like Honey Snow Group, which reported a staggering 401,276x return, while Jiangsu Hongxin and others faced negative returns [3] - The data indicates that some investors in the consumer sector have achieved returns exceeding 200%, while others have suffered losses of over 10% [2][3] - The analysis categorizes different consumer sectors based on their performance, identifying which sectors are gaining traction and which are being overlooked [1][2]