Core Viewpoint - The company achieved steady revenue growth and significant expansion in the prepared food sector, driven by its "key customers + distributors" strategy amidst fierce market competition [1][2]. Group 1: Financial Performance - The company reported a total revenue of 1.868 billion yuan and a net profit of 83.69 million yuan for the year [1]. - Direct sales revenue increased by 4.34% year-on-year, with the number of key customers rising by 8.81% [1][2]. - Revenue from frozen prepared dishes and other products surged by 273.39%, reaching 142 million yuan [1]. Group 2: Business Strategy - The company employs a dual-driven strategy of "key customers + distributors," with direct sales contributing 8.09 billion yuan, accounting for 43.29% of total revenue [2]. - The number of distributors increased to 1,953, with significant growth in customer numbers in both northern and southern regions [2]. Group 3: Research and Development - The company invested 23.74 million yuan in R&D, a 12.21% increase year-on-year, representing 1.27% of total revenue [2]. - The R&D team focuses on four product lines: staple foods, snacks, baked goods, and prepared dishes, launching new products tailored for various dining scenarios [2]. Group 4: Production Capacity - The company has a designed production capacity of 196,600 tons, with an actual capacity of 123,800 tons and an additional 84,000 tons under construction [2]. - New capacity is expected to alleviate production bottlenecks and support market share growth by 2026 [2]. Group 5: Future Outlook - For 2025, the company plans to focus on the "baked goods" and "frozen prepared dishes" sectors, enhancing e-commerce and key account supermarket channels [3]. - Continuous investment in product innovation, capacity reserves, and customer structure optimization is anticipated to strengthen the company's competitive advantage during industry consolidation [3].

4月25日晚间，海欣食品（002702）（002702.SZ）披露2024年年度报告。报告期内，公司实现营业收入 17.06亿元，其中电商与特通渠道销售实现逆势增长，鲍鱼产品、速冻菜肴等高附加值品类贡献亮眼。 全年新品SKU达1700余个，成功提升产品结构层次和消费景多元性。依托多品牌协同、产能布局优化以 及新渠道突破，公司在消费端不断积蓄动能，为持续发展夯实基础。 电商与特通渠道发力，鲍鱼类高端产品放量增长 报告期内，海欣食品持续推动全渠道融合，电商业务表现稳健，全年电商渠道营业收入同比增长 2.39%，达到1.42亿元。公司积极在天猫、京东、抖音等平台建设自营旗舰店，并借助直播与社群运营 等新媒体工具强化品牌渗透，满足年轻消费群体对便捷、高品质速食的需求。 与此同时，特通渠道实现营收3.50亿元，同比增长14.29%，占比提升至20.5%。鲍鱼类预制菜为代表的 速冻菜肴制品板块2024年实现同比增长超过60%，其中东鸥品牌全年营业收入达3.03亿元，贡献新品收 入1.39亿元，成为公司增长新引擎。此外，公司整合"海欣串吧"产品线，涵盖烤串、海鲜串等多样 SKU，借助"场景+场合"策略打入休闲餐饮市场。 扩 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [4] Core Views - The company reported a total revenue of 370 million yuan in Q1 2025, representing a 4% year-on-year increase, while the net profit attributable to shareholders decreased by 6% to 37 million yuan [1] - The gross margin is expected to improve gradually as operational efficiencies offset depreciation impacts, with a slight decrease in gross margin to 25.47% in Q1 2025 [2] - The company continues to narrow the single-store gap and is advancing brand acquisitions and supply chain integration, with food revenue reaching 334 million yuan, a 5% increase year-on-year [3] Summary by Sections Financial Performance - Q1 2025 total revenue was 370 million yuan, with a net profit of 37 million yuan, and a non-recurring net profit of 39 million yuan, reflecting a 3% increase [1] - The gross margin decreased by 0.4 percentage points to 25.47% due to one-time investments from the new Wuhan factory, but operational efficiencies are expected to improve margins in subsequent quarters [2] Business Development - Food revenue was 334 million yuan, with specific segments like rice and flour, filling, and purchased food growing by 3%, 11%, and 4% respectively, driven by ongoing brand acquisitions and supply chain integration [3] - The franchise sales revenue reached 265 million yuan, a 3% increase, with a total of 5,644 franchise stores by the end of Q1 2025, reflecting a net increase of 501 stores [3] Profitability Forecast - The company is expected to maintain its store opening pace and benefit from brand acquisitions, with EPS projected at 1.08, 1.17, and 1.24 yuan for 2025-2027, corresponding to PE ratios of 17, 16, and 15 times [4]

Core Viewpoint - The company reported a decline in revenue and net profit for 2024, attributed to increased market competition and changes in consumer behavior, leading to a challenging operating environment [4][8]. Financial Performance - The company achieved a revenue of 1.868 billion yuan in 2024, a decrease of 1.71% year-on-year [4]. - The net profit attributable to shareholders was 84 million yuan, down 37.67% year-on-year. Excluding the impact of stock incentives, the net profit was 100 million yuan, reflecting a 31.99% decline [4]. Product Overview - The company provides customized and standardized semi-finished products primarily for the catering industry, categorized into four main types: fried, baked, steamed, and dishes [4][6]. - Sales of fried and baked products decreased due to competition and product lifecycle changes, while steamed products saw an increase in sales, particularly from the company's new product lines [4][6]. Market Dynamics - The rapid growth of chain restaurants has significantly increased the demand for standardized food ingredients, impacting the company's sales strategies [6]. - The company has restructured its product categories to better align with market trends and customer needs, resulting in a positive impact on sales for certain product lines [6]. Sales Strategy - The company employs both direct sales and distribution models, focusing on large B-end clients and chain restaurants [7]. - Direct sales to major clients increased by 4.34% year-on-year, with the number of major clients rising by 8.81% [7][8]. Competitive Environment - The overall restaurant consumption has become more rational, with consumers increasingly seeking value for money, prompting many restaurants to lower prices and exert pressure on suppliers [8]. - In response, the company has enhanced its sales force and implemented joint project service models to support distributors and expand market reach [8].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002702 证券简称：海欣食品 公告编号：2025-014 海欣食品股份有限公司2024年年度报告摘要 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 主要业务和主要产品：公司主要从事速冻鱼肉制品和肉制品、速冻米面制品、速冻菜肴制品、常温鱼肉 制品和肉制品的生产和销售，公司产品主要包括速冻鱼肉制品和肉制品类（火锅丸滑、鱼丸、肉丸、福 袋、鱼豆腐等）、速冻米面类（蛋黄烧麦、流沙包等）、速冻菜肴类（鲍鱼、带鱼、鱿鱼串、烤芝士卷 等）；常温休闲类（蟹柳、鱼豆腐、速食关东煮等）。 主要的业绩驱动因素：公司自成立以来，依托自身在技术研发、产品质量、种类和结构、营销网络和服 务水平等方面的优势，取得客户的信任，实现经营业绩的长期、可持续发展。 （二）公司产品涉及许可销售的基本情况 董事会审议的报告期利润分配预案或公积金转增股本预案 □适用 √不适用 公司计划不派发现金红利，不送红 ...

21世纪经济报道记者贺泓源、实习生谭伊亭报道 流量狂飙的红果正在组建联盟。 2025年4月24日，芒果超媒旗下芒果TV与抖音集团旗下红果短剧正式达成系列合作。据披露，双方合作 将围绕成品短剧授权、IP联动开发及联合出品、短剧商业化三大核心方向展开深度合作。 两家公司均提到，此次合作将实现双平台资源互补，通过"内容+流量+商业化"的全链条创新，推动短 剧行业向生态化、精品化升级，共同探索短剧市场的增量价值。 具体来看，双方将启动"IP共培计划"，聚焦番茄小说与芒果TV的IP资源，聚合行业资源，联合头部制作 方，携手探索横竖屏精品微短剧视听创作实践。 在关键的分账模式上，也有变化。 红果短剧与芒果TV将突破传统短剧分销逻辑，依托双方平台短剧分账政策和产品基础，实现"双平台分 账+联合运营"模式，通过"定制化内容分发""分账策略""联合营销"一体化机制，形成红果+芒果双平台 精品短剧联盟专区——"果果剧场"。该专区将实现红果短剧与芒果TV的内容互通。 此种双平台模式，在业内罕见。 1月13日，爱奇艺曾与红果短剧宣布双方达成深度合作。合作内容主要包括IP联合开发、联合出品、成 品内容授权等方向，并未提到双平台分账。 ...

Company Overview - The company is a leading player in the frozen food industry in China, focusing on the development, manufacturing, and sales of frozen and refrigerated noodle and rice products, as well as various prepared foods [4][6] - The company aims to become a leader in providing delicious food for dining tables [4] Industry Landscape - The frozen food market in China is expanding, with significant growth in categories such as frozen noodle products, prepared foods, and frozen dishes [5] - The industry is characterized by high concentration and strong brand effects, with major companies located in Shandong, Henan, and Fujian provinces [5] - Consumer preferences are diversifying, leading to a rise in new product categories and retail channels, including community group buying and interest e-commerce [5][6] - Government measures to stimulate consumption are expected to support the industry's growth in 2024, despite challenges posed by a complex macroeconomic environment [5][6] Company Positioning - The company operates under two well-known brands, "Sanquan" and "Longfeng," and has established a comprehensive cold chain system across major urban areas in China [7] - It has a strong research and development capability, focusing on product innovation and market analysis to maintain its competitive edge [7] Financial Performance - In 2024, the company reported a revenue of 663,245.97 million yuan, a decrease of 6.0% year-on-year, and a net profit of 54,225.31 million yuan, down 27.6% year-on-year, with a net profit margin of 8.2% [8] - The company has implemented strategies to adapt to changing consumer preferences, including product innovation and expansion into new retail channels [9][10] Product Development - The company has launched several new product lines to meet diverse consumer needs, including upgraded dumplings and health-oriented products [8][9] - It is actively engaging in new retail formats and enhancing its e-commerce capabilities, achieving a 58.5% year-on-year growth in e-commerce revenue [9][10] Strategic Initiatives - The company is focusing on digital transformation and supply chain efficiency to improve production and management [11] - It is also strengthening partnerships with major restaurant chains to develop customized products for various dining scenarios [11]

每经记者 王佳飞 每经编辑 张益铭 4月21日晚间，三全食品（002216.SZ，股价11.87元，市值104.36亿元）公布了2024年年度报告。 报告期内，公司实现营业收入约66.32亿元，同比下降6.0%；归属于上市公司股东的净利润约5.42亿 元，同比下降27.6%。 三全食品表示，2024年消费市场总体保持平稳态势，消费需求和意愿处于温和复苏阶段，行业增长放 缓、品类竞争态势为公司业绩增长带来了一定压力。 速冻调制食品销量下滑近三成 三全食品主营业务包括速冻和冷藏面米制品、速冻和冷藏调制食品等的研发、生产和销售。 年报显示，三全食品2024年速冻面米制品营业收入约为55.99亿元，同比下滑3.95%。其中汤圆、水饺、 粽子营业收入约34.74亿元，同比下降5.84%。创新类面米制品营业收入约21.25亿元，同比微降0.70%。 速冻调制食品营业收入约8.73亿元，同比下降18.84%。冷藏及短保类产品营业收入约0.92亿元，同比减 少3.26%。 产销量方面，2024年公司速冻面米制品生产量约63.69万吨，同比增长8.50%，销售量约62.19万吨，同 比增长2.04%，但期末库存攀升至约12.8 ...

2025年，三全食品股份有限公司（以下简称"三全食品"）发布2024年年度报告，各项财务数据展现出公 司在过去一年中的经营状况与发展态势。报告期内，公司实现营业收入6,632,459,699.95元，同比下降 6.00%；归属于上市公司股东的净利润为542,253,110.31元，同比下降27.64%。值得关注的是，公司经营 活动产生的现金流量净额增长显著，达1,144,433,782.02元，较上年增长213.72%，而财务费用则从 -13,445,550.51元增至1,769,086.80元，涨幅高达113.16%。这一增一涨背后，反映出公司怎样的经营策略 与潜在风险？本文将深入解读。 关键财务指标解读 基本每股收益和扣非每股收益下降，股东收益减少 基本每股收益为0.62元/股，较2023年的0.85元/股下降27.06%；扣非每股收益同样下降，反映出公司盈 利能力下降，股东的每股收益减少。这可能影响投资者对公司的信心，公司需采取有效措施提升业绩， 改善股东回报。 费用分析：成本控制与投入策略的博弈 费用整体情况 2024年公司销售费用为854,176,846.71元，同比增长5.48%；管理费用194, ...

近日，韩国CJ第一制糖股份有限公司在美申请获批饺子外观专利引起关注。国内速冻面米企业思念食 品4月18日发文称，"饺子，根在中国"。 有速冻行业人士分析称，近几年中国速冻水饺出口量呈上升趋势，是韩国CJ公司在海外市场的主要对 手，不排除此次专利申请对中国企业有一定针对性。由于中国饺子与韩国饺子外形不同，目前尚未对中 国饺子在美销售和运营产生影响，企业相关评估工作正在进行。 韩国CJ公司在美申请饺子外观专利 美国专利商标局官网显示，韩国CJ第一制糖股份有限公司（简称"CJ公司"）在美国申请注册的饺子外观 专利近期获准通过。该专利申请日期为2023年2月24日，获批日期为2025年4月8日，专利保护期限为15 年。 据报道，CJ公司在美申请的饺子外观专利，共上传了14张各个角度的饺子照片，其权利要求书明确限 定了14道至16道顺时针螺旋褶皱、底部平坦、顶部隆起的半圆形面皮等饺子特征，并附以毫米级精度的 3D建模图。 有法律人士分析，若中国企业在美国销售的饺子符合上述特征，可能触发有关专利规定。也有律师分析 称，饺子外观作为公共文化资源，属于公有领域。若被特定主体垄断性注册，可能妨碍社会公众的正当 使用，损害公共利 ...