每经头条（nbdtoutiao）——与美元脱钩后，暴涨102倍，揭秘黄金疯涨背后神秘的"无形之手"！专家： 推动金价上涨的逻辑没有变 （记者 曾健辉） 2024年1至12月份，广州酒家的营业收入构成为：月饼系列产品占比31.93%，餐饮业占比28.4%，速冻 食品占比20.1%，其他产品占比17.65%，其他行业占比1.08%。 截至发稿，广州酒家市值为90亿元。 每经AI快讯，广州酒家（SH 603043，收盘价：15.88元）10月9日晚间发布公告称，截至2025年9月30 日，公司通过上海证券交易所交易系统以集中竞价交易方式回购股份561.84万股，已回购股份占公司总 股本的比例为0.99%，购买的最高价为人民币16.5元/股，最低价为人民币15.42元/股，已支付的总金额 为人民币8916.52万元。 ...

Core Viewpoint - Guangzhou Restaurant experienced a stock price decline of 2.04% on September 22, 2023, with a current price of 16.84 CNY per share and a market capitalization of 9.578 billion CNY [1] Financial Performance - For the first half of 2025, Guangzhou Restaurant reported a revenue of 1.991 billion CNY, representing a year-on-year growth of 4.16%. However, the net profit attributable to shareholders decreased by 33.11% to 39.1007 million CNY [2] - Since its A-share listing, Guangzhou Restaurant has distributed a total of 1.586 billion CNY in dividends, with 774 million CNY distributed over the past three years [3] Shareholder and Market Activity - As of June 30, 2025, the number of shareholders for Guangzhou Restaurant was 22,300, a decrease of 0.39% from the previous period. The average circulating shares per person increased by 0.39% to 25,460 shares [2] - The major shareholders include Hong Kong Central Clearing Limited, which holds 12.4707 million shares, a decrease of 3.2498 million shares from the previous period, and Southern CSI 1000 ETF, which increased its holdings by 400,600 shares to 2.0966 million shares [3] Business Overview - Guangzhou Restaurant, established on May 11, 1992, and listed on June 27, 2017, primarily engages in food manufacturing and catering services, with food manufacturing accounting for 58.87% of its revenue and catering services for 38.82% [1] - The company operates in the food and beverage sector, specifically in the leisure food and baking food categories, and is involved in various concepts such as prepared dishes, share buybacks, and e-commerce [1]

Core Viewpoint - Guangzhou Restaurant reported an increase in revenue but a decline in profit for the first half of 2025, indicating ongoing challenges in improving profitability despite revenue growth [1][3]. Financial Performance - The company achieved an operating revenue of 1.991 billion yuan, a year-on-year increase of 4.16%, while the net profit attributable to shareholders was 39.1 million yuan, down 33.11% compared to the same period last year [3]. - The food manufacturing segment generated revenue of 1.172 billion yuan, up 2.65% year-on-year, remaining the main revenue driver for the company [3]. - The mooncake product line generated revenue of 32.41 million yuan, a slight increase of 1.32%, but is expected to see rapid growth with the upcoming Mid-Autumn Festival [3]. - Frozen food revenue was 527 million yuan, reflecting a decline of 2.46% year-on-year [3]. - The restaurant service business reported revenue of 773 million yuan, an increase of 7.11% year-on-year [3]. - Other product sales generated 24.96 million yuan, down 10.21% year-on-year [3]. Executive Compensation - Despite the decline in profits, executive compensation has increased, with Vice President Pan Jianguo's salary rising to 1.27 million yuan in 2024 from 951,700 yuan in 2023, an increase of 318,300 yuan [3]. - Pan Jianguo's salary is now on par with another vice president, Li Gang, whose compensation also saw an increase [3]. Future Outlook - The company’s ability to achieve both revenue and profit growth in the second half of 2025 remains to be seen, and ongoing monitoring will be conducted [4].

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial metrics of Guangzhou Restaurant Group, indicating a decline in stock price and mixed financial results [1][2]. - As of September 19, the stock price of Guangzhou Restaurant was reported at 16.78 yuan per share, with a market capitalization of 9.544 billion yuan [1]. - The company experienced a net outflow of main funds amounting to 4.6822 million yuan, with significant selling pressure observed [1]. Group 2 - For the first half of 2025, Guangzhou Restaurant achieved a revenue of 1.991 billion yuan, reflecting a year-on-year growth of 4.16%, while the net profit attributable to shareholders decreased by 33.11% to 39.1007 million yuan [2]. - The company has distributed a total of 1.586 billion yuan in dividends since its A-share listing, with 774 million yuan distributed over the past three years [3]. - As of June 30, 2025, the number of shareholders decreased by 0.39% to 22,300, while the average circulating shares per person increased by 0.39% to 25,460 shares [2][3].

Core Viewpoint - Guangzhou Restaurant experienced a stock price decline of 2.03% on September 17, with a current price of 17.34 CNY per share and a total market capitalization of 9.862 billion CNY [1] Financial Performance - For the first half of 2025, Guangzhou Restaurant reported a revenue of 1.991 billion CNY, representing a year-on-year growth of 4.16%. However, the net profit attributable to shareholders decreased by 33.11% to 39.1007 million CNY [2] - Since its A-share listing, Guangzhou Restaurant has distributed a total of 1.586 billion CNY in dividends, with 774 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders for Guangzhou Restaurant was 22,300, a decrease of 0.39% from the previous period. The average circulating shares per person increased by 0.39% to 25,460 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 12.4707 million shares, a decrease of 3.2498 million shares from the previous period [3] Stock Market Activity - The stock saw a net outflow of 14.3844 million CNY from main funds, with significant selling activity amounting to 9.3007 million CNY, representing 9.11% of the total [1] - Year-to-date, the stock price has increased by 7.37%, but it has declined by 3.67% over the last five trading days [1] Business Overview - Guangzhou Restaurant, established on May 11, 1992, primarily engages in food manufacturing and catering services, with the revenue breakdown being 38.82% from catering services, 30.80% from other products, 26.44% from frozen foods, and 1.63% from mooncake products [1] - The company is classified under the food and beverage industry, specifically in the leisure food and baking segment, and is associated with concepts such as prepared dishes and state-owned enterprise reforms [1]

9月11日，广州酒家盘中下跌2.00%，截至10:21，报17.64元/股，成交4970.31万元，换手率0.49%，总市 值100.33亿元。 资金流向方面，主力资金净流出233.67万元，大单买入620.72万元，占比12.49%，卖出854.39万元，占 比17.19%。 广州酒家今年以来股价涨9.23%，近5个交易日涨1.50%，近20日涨9.63%，近60日涨13.37%。 资料显示，广州酒家集团股份有限公司位于广东省广州市天河区科韵路16号自编第4栋第10层，成立日 期1992年5月11日，上市日期2017年6月27日，公司主营业务涉及食品制造业务及餐饮业务,并以食品制 造业务为主。主营业务收入构成为：餐饮服务业务38.82%，其他产品30.80%，速冻食品26.44%，月饼 系列产品1.63%，其他商品销售业务1.25%，其他(补充)1.06%。 广州酒家所属申万行业为：食品饮料-休闲食品-烘焙食品。所属概念板块包括：预制菜、增持回购、融 资融券、中盘、国资改革等。 截至6月30日，广州酒家股东户数2.23万，较上期减少0.39%；人均流通股25460股，较上期增加0.39%。 2025年1月- ...

Group 1 - Guangzhou Restaurant announced a share buyback of 5.1184 million shares, representing 0.9% of the total share capital, with a total expenditure of RMB 80.9774 million [1] - The highest purchase price was RMB 16.44 per share, while the lowest was RMB 15.42 per share [1] - As of the report, the market capitalization of Guangzhou Restaurant is RMB 9.7 billion [1] Group 2 - For the fiscal year 2024, the revenue composition of Guangzhou Restaurant is as follows: mooncake products account for 31.93%, catering services 28.4%, frozen foods 20.1%, other products 17.65%, and other industries 1.08% [1]

Investment Rating - The report maintains a "Buy" rating for the company [7] Core Views - In the first half of 2025, the company achieved operating revenue of 1.991 billion yuan, a year-on-year increase of 4.16%, while net profit attributable to shareholders was 39 million yuan, a year-on-year decrease of 33.11% [5][10] - The company adheres to the strategy of "strong brand in catering, large-scale food production," aiming to build a "large catering, large food, large brand" industrial pattern [5][10] - The company expects net profits attributable to shareholders for 2025-2027 to be 561 million, 634 million, and 692 million yuan respectively, corresponding to current price-earnings ratios of 17, 15, and 14 times [5][10] Summary by Sections Financial Performance - In Q2 2025, the company reported operating revenue of 945 million yuan, a year-on-year increase of 5.09%, with a net profit of -12 million yuan, continuing the loss trend [5][10] - The food manufacturing business saw a revenue increase of 2.65%, while the catering service business grew by 7.11% [10] - The overall revenue from the main business increased by 4.17% year-on-year [10] Business Strategy - The company is focusing on expanding new stores and entering new markets to enhance brand recognition [10] - It aims to innovate products and expand domestic and international channels through diversified marketing strategies [10] Market and Channel Development - The company is building a flexible and diverse channel system, emphasizing a "online + offline" collaborative strategy [10] - The food manufacturing business experienced strong growth outside Guangdong province, with a year-on-year revenue increase of 16.16% in regions outside Guangdong [10] Profitability and Cost Management - The gross profit margin decreased by 2.08 percentage points to 23.78% due to significant increases in credit impairment losses [10] - The overall period expense ratio decreased by 1.48 percentage points to 20.21%, indicating effective cost control [10]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance relative to the market over the next six months [5]. Core Insights - The company has shown robust growth in its out-of-province markets, with a focus on enhancing brand marketing efforts. The revenue from out-of-province markets has increased significantly, contributing to overall growth [5]. - The company reported a total revenue of 1.991 billion yuan for the first half of 2025, reflecting a year-on-year growth of 4.16%. However, the net profit attributable to the parent company decreased by 33.11% to 39.1 million yuan during the same period [5]. - The company is actively expanding its product offerings and optimizing its distribution network, which has led to a steady increase in sales from its food and restaurant segments [5]. Financial Data and Profit Forecast - The total revenue forecast for 2025 is 5.695 billion yuan, with an expected year-on-year growth rate of 11.2%. The net profit attributable to the parent company is projected to be 574 million yuan, representing a growth of 16.3% [4][5]. - The company’s gross margin is expected to improve to 33.3% in 2025, up from 31.7% in 2024, indicating better cost management and pricing strategies [4]. - The return on equity (ROE) is projected to be 13.7% in 2025, reflecting an upward trend in profitability [4].

证券代码：603043 证券简称：广州酒家 公告编号：2025-045 | 区域 | 2025 | 年 1-6 | 月 | 2024 | 年 1-6 | 月 | 较上期变动（%） | | --- | --- | --- | --- | --- | --- | --- | --- | | 广东省内 | | 83,397.68 | | | 84,784.16 | | -1.64 | | 境内广东省外 | | 30,512.15 | | | 26,268.43 | | 16.16 | | 境外 | | 3,328.82 | | | 3,157.60 | | 5.42 | | 合计 | | 117,238.65 | | | 114,210.19 | | 2.65 | 二、2025 年半年度食品制造业务经销商与代理商变动情况 广州酒家集团股份有限公司 2025 年半年度经营数据的公告 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法律责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》第 十四号——食品制造的相关规定，现将 ...