证券研究报告 | 浙商早知道 报告日期：2025 年 07 月 02 日 浙商早知道 2025 年 07 月 02 日 ： 张延兵 执业证书编号：S1230511010020 ： 021-80106048 ： zhangyanbing@stocke.com.cn 市场总览 重要推荐 重要观点 ❑ 【浙商金属新材料 沈皓俊】贵金属 半年行业策略报告：重视降息交易，继续看好黄金——20250630 重要点评 ❑ 【浙商机械 邱世梁/王华君/何家恺/姬新悦】奥比中光（688322）公司点评：1-5 月扭亏，"技术创新投入－商业 成果转化"战略加速落地催化——20250630 http://www.stocke.com.cn 1/4 请务必阅读正文之后的免责条款部分 ❑ 大势：周二上证指数上涨 0.4%，沪深 300 上涨 0.2%，科创 50 下跌 0.9%，中证 1000 上涨 0.3%，创业板指下跌 0.2%，恒生指数下跌 0.9%。 ❑ 行业：周二表现最好的行业分别是综合（+2.6%)、医药生物（+1.8%)、银行（+1.5%)、有色金属（+1.5%)、公用 事业（+1.1%)，表现最差的行业分别是计算机（- ...

Core Viewpoint - The company emphasizes the importance of healthy competition in the industry and aims to strengthen brand barriers, enhance R&D innovation, and accelerate international expansion [1][3]. Financial Performance - In 2024, the company's total revenue reached 2.412 billion, representing a year-on-year growth of 16.79%, while the net profit attributable to shareholders was 291 million, up 39.01% [3][5]. - The company plans to distribute a cash dividend of 0.3 per share, which exceeds 60% of its net profit, higher than the industry average [7]. Market Competition - The chairman noted that the market for quail eggs is becoming increasingly competitive, with many companies entering the sector, leading to price competition [3]. - The company intends to combat high-similarity products through legal means and has successfully handled related cases recently [3]. Product Development - The company plans to launch a new brand of soybean products by May 2025 to further diversify its product matrix [3]. - The company has established a technical barrier in producing soft-boiled quail eggs, a capability that is currently unmatched globally [3]. International Expansion - In 2024, the company's overseas revenue nearly doubled, surpassing 30 million, with a focus on Southeast Asia, Japan, South Korea, and Europe [7]. - The company anticipates that the growth rate of its overseas market will exceed that of the domestic market by 2025 [8].