证券代码：605089 证券简称：味知香 公告编号：2025-047 苏州市味知香食品股份有限公司 本公司监事会及全体监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个别及连带责任。 一、监事会会议召开情况 苏州市味知香食品股份有限公司（以下简称"公司"或"味知香"）第三届监事 会第八次会议于 2025 年 8 月 26 日以现场方式召开，本次会议通知已于 2025 年 主持，会议应到监事 3 人，实到监事 3 人。本次会议的召集、召开符合有关法律、 行政法规、部门规章、规范性文件和《公司章程》的规定，表决形成的决议合法、 有效。 二、监事会会议审议情况 监事会认为：公司 2025 年半年度报告及其摘要的内容和格式符合中国证监 会和上海证券交易所的各项规定，报告的编制和审议程序合法、合规，全面、真 实地反映了公司 2025 年半年度的经营成果和财务状况。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 告的议案》 《关于 2025 年半年度募集资金存放与实际使用情况的专项报告》与 经审议， 公司募集资金的实际使用情况相符，不存在违规使用募集资金的情形 ...

证券代码：605089 证券简称：味知香 公告编号：2025-048 苏州市味知香食品股份有限公司 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。 重要内容提示： ? 股东大会召开日期：2025年9月16日 ? 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 (一)股东大会类型和届次 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 16 日 14 点 00 分 召开地点：苏州市吴中区郭巷淞芦路 1778 号公司会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 16 日 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七)涉及公开征集股东投票权 不适用 二、 会议审议事项 本次股东大会审议议案及投票股东类 ...

证券代码：605089 证券简称：味知香 公告编号：2025-050 苏州市味知香食品股份有限公司 关于取消监事会并修订《公司章程》及制定、修订部 分制度的公告 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个别及连带责任。 为进一步规范公司运作，完善公司治理，根据《中华人民共和国公司法》 《中 华人民共和国证券法》《上市公司章程指引》等相关法律、法规和规范性文件的 规定，苏州市味知香食品股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开了公司第三届董事会第八次会议审议通过了《关于取消监事会并修订 <公> 司章程>及制定、修订部分制度的议案》，公司结合自身实际情况，拟取消监事会， 监事会的职权由董事会审计委员会行使，《监事会议事规则》等监事会相关制度 相应废止，并对《公司章程》及相关制度进行修订，同时新制定部分制度。具体 情况如下： 一、取消监事会及修订《公司章程》情况 修订前 修订后 第一条 为维护公司、股东和债权人的合法权益，规 第一条 为维护公司、股东、职工和债权人的合 法权 范公司的组织和行为，根据《中华人民 ...

证券代码：605089 证券简称：味知香 公告编号：2025-052 重要内容提示： ???会议召开时间：2025 年 09 月 15 日 （星期一） 15:00-16:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于 2025 年 09 月 08 日 （星期一） 至 09 月 12 日 （星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 info@weizhixiang.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 苏州市味知香食品股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 15 日 （星期一） 苏州市味知香食品股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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 ...

General Provisions - The company aims to improve its governance structure and enhance the efficiency of the general manager's work by establishing detailed guidelines based on relevant laws and regulations [2] - The general manager is responsible for daily management and production direction, acting as the head of administrative work within the scope of business authorized by the board of directors [2][3] Appointment Conditions and Powers of the General Manager - The company appoints one general manager who is accountable to the board of directors and can be hired or dismissed by them [3] - Specific disqualifications for the general manager include lack of civil capacity, criminal convictions related to corruption or economic crimes, and being listed as a dishonest executor by the court [2][3] Term and Authority - The term of the general manager is three years, with the possibility of reappointment [3] - The general manager has the authority to manage production operations, implement board resolutions, and propose the hiring or dismissal of senior management [3][4] General Manager's Office Meeting System - The general manager's office meetings are chaired by the general manager or a designated deputy, held weekly as regular meetings, with additional temporary meetings as needed [4] - Decisions made in these meetings should be thoroughly discussed, aiming for consensus, with the general manager's opinion prevailing in case of disagreement [4] Asset Disposal and Investment Decision Authority - The general manager has the authority to make decisions regarding operational expenses, risk investments, and other matters as authorized by the board [5] - Transactions involving assets that exceed 1% of the company's audited total assets or revenue must be submitted for approval by the chairman [5][6] Reporting System - The general manager is required to report regularly or as needed to the board on various matters, including the implementation of annual plans and significant contracts [6] - Reports can be delivered orally or in writing, depending on the board's requirements [6] Supplementary Provisions - Any matters not covered by these guidelines will follow relevant Chinese laws and regulations, with the guidelines taking effect upon board approval [6]

Group 1 - The company reported a revenue of 1.616 billion yuan for the first half of 2025, representing a year-on-year increase of 17.04% [1] - The net profit attributable to shareholders of the listed company was 10.303 million yuan, a year-on-year decrease of 27.24% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 7.9736 million yuan, down 38.93% year-on-year [1] - The basic earnings per share were 0.016 yuan [1]

Summary of the Conference Call Company and Industry Overview - The company operates in the konjac product industry, focusing on konjac food and related products, with a significant emphasis on tea drink additives, instant snacks, and ingredients [2][11]. Key Financial Performance - In the first half of 2025, the company achieved a revenue of 359 million yuan, representing a year-on-year growth of 37.17% [4]. - The net profit attributable to shareholders was 40.92 million yuan, up 23.01% year-on-year, while the net profit after deducting non-recurring items was 34.93 million yuan, reflecting an 18.71% increase [4]. - The operating cash flow reached 126 million yuan, marking a 36.93% growth [4]. Revenue Growth Drivers - Revenue growth of over 35% in the first half of 2025 was primarily driven by both volume and price increases, with price hikes contributing significantly [2][11]. - The konjac food segment saw a remarkable growth of 58%, with tea drink additives accounting for approximately 55% of sales [13]. Raw Material Price Trends - Konjac raw material prices surged by about 80% since June 2024 due to rapid growth in downstream demand, particularly from snack brands like Weidong and tea chains like Mixue Ice City [6][7]. - This price increase is expected to remain high until around October 2025, when new konjac crops are harvested [7]. Supply Chain Management - The company collaborates with rural cooperatives and primary processing plants to secure stable raw material supplies, avoiding direct dealings with individual farmers [9][10]. - The company has a stock of over 300 million yuan in raw materials, semi-finished products, and packaging, ensuring a steady supply chain [12]. Export and International Market - Exports to the U.S. have been hindered due to international circumstances and tariffs, but growth has been maintained in Southeast Asia, Europe, and South America [14]. - The company has established a dedicated department to explore foreign ingredient markets, with foreign trade gross margins slightly higher than domestic ones [14]. Product Development and Market Strategy - The company aims to increase its global market share in konjac powder and konjac gum from approximately 12% to 40%-50% in the future [3][29]. - The konjac beauty business has been discontinued due to consistent losses, with resources redirected towards konjac food products [5][21]. Challenges and Future Outlook - The konjac food business faces pressure with a gross margin of less than 20%, necessitating scale expansion to improve profitability [22]. - The company is optimistic about the future of konjac products, particularly konjac balls, which have seen increased demand due to the rise of delivery services [15][19]. Seasonal Factors and Market Predictions - The company experiences seasonal revenue fluctuations, primarily concentrated in the third and fourth quarters [31]. - Despite a strong performance in the first half of 2025, there is uncertainty regarding the full-year revenue growth due to intense competition and the consumer market's recovery [31]. Conclusion - The company is strategically positioned in the konjac industry, focusing on product innovation and market expansion while navigating challenges related to raw material costs and international trade dynamics [25][30].

Investment Rating - The investment rating for the company is upgraded to "Outperform" due to increased competition impacting sales, with a focus on long-term growth potential [6]. Core Insights - The company's revenue for H1 2025 was 1.12 billion, a decrease of 0.5% year-on-year, while net profit dropped by 21.86% to 112 million [6]. - The company is focusing on new product launches and channel expansion to improve performance in the second half of the year [6]. - The financial forecast has been adjusted, predicting net profits of 247 million, 301 million, and 348 million for 2025, 2026, and 2027 respectively, reflecting a year-on-year decline of 15.3% for 2025 [6]. Financial Data and Profit Forecast - Total revenue projections for 2025 are set at 2.457 billion, with a growth rate of 1.9% [5]. - The gross profit margin is expected to be 29.1% in 2025, down from 30.5% in 2024 [5]. - The company’s return on equity (ROE) is forecasted to be 15.3% in 2025, recovering to 17.5% by 2027 [5]. Product Performance - Revenue from fish products in H1 2025 was 757 million, showing a year-on-year increase of 7.61%, while poultry products saw a significant decline of 24% to 196 million [6]. - The company is introducing innovative products, such as antibiotic-free quail eggs, to enhance market competitiveness [6]. - The second quarter of 2025 saw a net profit margin of 8.41%, a decrease of 3.42 percentage points year-on-year [6].

Core Viewpoint - Jinzai Food (003000), known as the "first stock of fish snacks," reported a decline in both revenue and profit for the first time since its listing, indicating potential challenges in its business operations [2][3]. Financial Performance - The company achieved a revenue of 1.124 billion yuan, a year-on-year decrease of 0.5% [2]. - The net profit attributable to shareholders was 112 million yuan, down 21.86% year-on-year [2]. - The net profit after deducting non-recurring gains and losses was 87 million yuan, a decline of 28.94% year-on-year [2]. Business Composition - Jinzai Food's main product categories include fish products, poultry products, bean products, and vegetable products, with key brands being "Jinzai," "Seven Doctors," and "Zhou Xianxian" [4]. - Fish products generated 757 million yuan in revenue, a year-on-year increase of 7.61%, accounting for 67.32% of total revenue [4]. - Bean products saw revenue of 115 million yuan, up 3.61% year-on-year, while poultry products declined by 24% to 196 million yuan, and vegetable products fell by 10.69% to 34 million yuan [4]. Cost and Expense Analysis - The operating cost for the first half of the year was 793 million yuan, an increase of 0.86% year-on-year [4]. - Sales expenses rose by 9.2% to 155 million yuan, management expenses increased by 18.32% to 49 million yuan, and R&D expenses grew by 17.78% to 26 million yuan [4]. - The combined pressure from rising costs and expenses significantly impacted profit margins, leading to a substantial decline in net profit [4]. Shareholder Equity Pledge - The controlling shareholder, Zhou Jinsong, and his wife, Li Bingyu, collectively hold 46.23% of the company's shares and have pledged 21.09 million shares for financing purposes [5]. - After the pledge, the total number of pledged shares by the couple reached 10.48 million, representing 50.28% of their holdings and 23.25% of the company's total shares [5]. - Upcoming pledge expirations include 15.85 million shares within six months, accounting for 7.6% of their holdings and 3.52% of the total shares, with a corresponding financing balance of 65 million yuan [6].

格隆汇8月27日丨宝立食品(603170.SH)发布2025年半年度报告，报告期实现营业收入13.8亿元，同比增 长8.39%；归属上市公司股东的净利润1.17亿元，同比增长7.53%；扣除非经常性损益后的归属于上市公 司股东的净利润1.11亿元，同比增长12.14%；基本每股收益0.29元。 ...