证券代码：002726 证券简称：龙大美食 公告编号：2025-069 近日，公司子公司蓬莱富龙肉食品有限公司与山东龙口农村商业银行股份 有限公司（以下简称"龙口农村商业银行"）签订流动资金循环借款合同，授 信金额为 3000 万元。公司与龙口农村商业银行签订《最高额保证合同》为上述 融资行为提供连带责任保证。 上述担保金额在公司 2024 年年度股东大会审议通过的授权额度内，无需另 行召开董事会及股东大会。 三、被担保人基本情况 债券代码：128119 债券简称：龙大转债 山东龙大美食股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 议案》，同意公司 2025 年度为合并报表范围内子公司的融资提供担保（包括子 公司对母公司的担保以及子公司之间互相的担保），担保总额度为 60 亿元；其 中，对资产负债率为 70%以上（含 70%）的下属子公司提供 40 亿元人民币的 担保总额度，对资产负债率低于 70%的下属公司提供 20 亿元人民币的担保总额 度。担保期限自股东大会审议通过之日起至 2025 年年度股东会召开之日止。具 体内容详 ...

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Views - The company is adjusting its strategy to enhance revenue quality, showing initial positive results [1] - The company experienced a slight decline in revenue and net profit in H1 2025, with total revenue of 3.568 billion and net profit of 313 million, down 2.66% and 5.98% year-on-year respectively [9] - The company is focusing on innovation in traditional products to improve profitability and is actively pursuing customized channels for higher margins [9] Financial Performance Summary - Total revenue for 2023 is projected at 7,056 million, with a year-on-year decline of 5.09%. The revenue is expected to recover slightly in 2025 with a growth of 3.86% [1][10] - The net profit attributable to shareholders is forecasted to be 749.36 million in 2023, with a significant decline of 6.55% year-on-year. A recovery is anticipated in 2025 with a growth of 6.03% [1][10] - The latest diluted EPS is projected to be 0.85 in 2023, decreasing to 0.62 in 2024, and gradually increasing to 0.79 by 2027 [1][10] Market Data Summary - The closing price of the stock is 11.72, with a market capitalization of 10,304.04 million [6] - The company has a price-to-earnings ratio of 13.75 for the current price and latest diluted EPS [1][10] - The company’s total assets are projected to reach 8,441 million by 2025, with a debt-to-asset ratio of 41.05% [10]

Core Viewpoint - Fuling Zhacai reported stable performance in the first half of 2025 despite challenges in the consumer market and internal sales model changes, achieving revenue of 1.313 billion yuan, a year-on-year increase of 0.51%, and a net profit of 441 million yuan, a year-on-year decrease of 1.66% [1][3]. Group 1: Main Business Performance - The revenue from the pickled vegetable category reached 1.123 billion yuan, with a year-on-year growth of 0.45%, indicating a stable business model [3]. - The company launched new products and optimized existing ones, including a "value-added" strategy to enhance product appeal and repurchase rates [3][5]. - The establishment of the "Future Pickled Vegetable Industry-University-Research Joint Innovation Center" aims to develop market-friendly products and improve traditional preservation methods [3]. Group 2: New Product Development - The revenue from the radish category saw a significant increase of 38.35%, with successful product innovations and international collaborations [6]. - New products such as "Gaji Cui" customized radish and various other items have been launched, enhancing the product line and brand recognition [8]. - The company is also developing other new products, including health-oriented options, to strengthen its market position [8]. Group 3: Market Expansion and Channel Development - Fuling Zhacai is exploring new business growth points beyond its traditional family consumer market by establishing new divisions for catering, new channels, and international business [10]. - The catering business experienced a year-on-year growth of 37%, indicating successful penetration into the restaurant sector [10]. - Export growth of 8% was achieved despite challenges from the US trade war, with significant market expansion in Japan and Cambodia [12]. Group 4: Online and Multi-Channel Strategy - The proportion of online sales in the meal accompaniment category increased from 10% to 17%, with new product sales exceeding 3.6 million yuan [15]. - The company is leveraging online channels to promote new products and engage with new consumer demographics [15]. - Overall, Fuling Zhacai is focusing on product innovation and multi-channel expansion to explore new growth trajectories [15].

智通财经APP讯，劲仔食品(003000.SZ)发布2025年半年度报告，报告期内，公司实现营业收入11.24亿 元，同比下降0.50%。实现归属于上市公司股东的净利润1.12亿元，同比下降21.86%。实现归属于上市 公司股东的扣除非经常性损益的净利润8699.23万元，同比下降28.94%。基本每股收益0.2512元。 ...

Group 1 - The company reported a revenue of 1.521 billion yuan for the first half of the year, representing a year-on-year decrease of 12.76% [1] - The net profit attributable to shareholders of the listed company was 120 million yuan, down 20.14% year-on-year [1] - The basic earnings per share were 0.07 yuan [1]

北京商报讯（记者 郭秀娟 实习记者 王悦彤） 8月26日，劲仔食品发布2025年半年报，报告期内，公司 实现营业收入11.24亿元，同比减少0.5%；实现归母净利润1.12亿元，同比减少21.86%。 ...

Group 1 - The company, Yizhi Mogua, reported a revenue of 359 million yuan for the first half of 2025, representing a year-on-year growth of 37.17% [1] - The net profit attributable to the parent company reached 40.92 million yuan, showing a year-on-year increase of 23.01% [1]

Group 1 - The core viewpoint of the article highlights that Anji Food has reported its 2025 semi-annual financial results, showing positive growth in both revenue and net profit [1] - The company achieved a revenue of 309 million yuan, representing a year-on-year increase of 8.54% [1] - The net profit attributable to the parent company reached 13.79 million yuan, reflecting a significant year-on-year growth of 58.61% [1]

8月26日，劲仔食品发布2025年半年报，当中披露，2025年上半年，公司实现营业收入11.24亿元，同比 下降0.50%；归属净利润1.12亿元，同比减少21.86%。 （企业公告） 公告指出，公司发力营销网络建设，坚持全渠道发展战略。精耕传统流通渠道，提高网点铺货率；重点 投入现代型渠道，提高终端品牌势能；加强零食专营渠道合作，丰富品类及SKU。同时，公司积极推动 海外市场开发，截至今年半年度，劲仔产品共计出口全球近40个国家和地区，渠道布建持续加速推进。 ...

Group 1 - The core viewpoint of the article is that Anji Food (603696.SH) reported its 2025 semi-annual results, showing a revenue increase and significant growth in net profit [1] Group 2 - The company achieved an operating income of 309 million yuan, representing a year-on-year growth of 8.54% [1] - The net profit attributable to shareholders of the listed company was 13.79 million yuan, reflecting a year-on-year increase of 58.61% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 10.44 million yuan, which is a year-on-year decrease of 18.88% [1] - The basic earnings per share were 0.06 yuan [1]