Core Viewpoint - Sanquan Foods is implementing an "overseas expansion" strategy to address declining performance and is investing AUD 280 million to establish a production base in Australia to enhance profitability and market presence [1][2]. Group 1: Investment and Strategic Moves - The company plans to set up a wholly-owned subsidiary in Hong Kong and subsequently establish a wholly-owned subsidiary in the Cayman Islands, which will invest in the Australian production base [1]. - The investment of AUD 280 million will be allocated for establishing and operating overseas companies, acquiring fixed assets, infrastructure upgrades, marketing system development, and working capital [1]. - The Australian production base aims to serve the markets in Australia, New Zealand, and Southeast Asia, leveraging the supply-demand gap in these regions [1]. Group 2: Market Potential and Growth Opportunities - The Australian frozen food market has a per capita annual consumption of USD 120, significantly higher than China's USD 35, indicating a lucrative market opportunity [2]. - The Southeast Asian frozen food market is valued at USD 8.5 billion, with a compound annual growth rate exceeding 9%, presenting strong growth potential for the company's expansion [2]. - Establishing a presence in New Zealand will allow the company to extend its reach to South Pacific markets such as Fiji and Samoa [2]. Group 3: Financial Performance and Future Outlook - Since its listing in 2008, Sanquan Foods has seen continuous revenue growth, peaking in 2022, but has experienced a decline in performance in 2023, with Q1 revenue at CNY 2.218 billion, down 1.58% year-on-year, and net profit at CNY 209 million, down 9.22% [3]. - The company believes that the overseas investment will help overcome product limitations, shorten supply chain distances, and enhance sales revenue in international markets, potentially becoming a new growth engine [3]. - Industry analysts suggest that while the company is at a stage suitable for "going overseas," there are still significant limitations in product line compatibility and brand effectiveness in foreign markets [3].

加速冲向东南亚的盐津铺子再次展示了出海野心——在近期公布的投资者关系活动记录中，盐津铺子表 示其海外市场的战略定为"3-5年再造一个盐津"，目前计划夯实基础。 这也是这家公司对其海外市场战略的最新表态。按照其2024年53.04亿元的营收来看，"再造一个盐 津"的计划，意味着这家公司海外营收要在3-5年达到这一数值，整体营收则要跨过百亿元大关。 "盐津铺子2024年海外销售额超过6000万元，这无疑给了盐津铺子十足的信心，说明出海的第一步走得 又稳又快，但是三到五年希望达到国内的水平，相对来说是有难度的。"凌雁管理咨询首席咨询师、餐 饮及食品行业分析师林岳对智通财经表示，在他看来，尽管海外市场具备增长潜力，但市场也受经济环 境、政策、消费习惯等因素所左右。 智通财经记者 | 马越 智通财经编辑 | 牙韩翔 2024年年报显示，盐津铺子的休闲魔芋制品在2024年实现营收8.38亿元，同比2023年大增76.09%。这一 品类贡献总营收的比例也达到了15.81%，仅次于占据总营收21.83%的烘焙薯类。 另一个被寄予厚望的鹌鹑蛋，其快速增长的业绩也在2024年年报中得到验证。2024年蛋类零食实现营收 5.80亿 ...