Core Viewpoint - Qianhe Flavor Industry reported a strong recovery in sales and revenue in the first half of 2025, driven by the increasing demand for healthy condiments and a focus on core product categories such as soy sauce, vinegar, and cooking wine [1][3]. Group 1: Financial Performance - In the first half of 2025, Qianhe Flavor Industry achieved revenue of 1.318 billion yuan and a net profit of 173 million yuan [1]. - Sales in May and June showed a significant rebound, with online sales increasing by approximately 15% and offline sales by 2% compared to the previous months [1]. Group 2: Market Demand and Product Strategy - The company has positioned itself to meet the growing consumer demand for healthy condiments, having launched the Qianhe 0 series in 2008, which contains no additives and has a fermentation time twice that of ordinary products [3]. - Qianhe Flavor Industry has increased its marketing and promotional investments, with the sales expense ratio rising to 15% in the first half of 2025 [3]. Group 3: Supply Chain Management - The company has strengthened its raw material supply chain management by establishing strategic partnerships with key suppliers of soybeans and salt, ensuring quality control and traceability [4]. Group 4: Channel Development - Qianhe Flavor Industry has expanded its distribution channels, increasing the number of distributors to 3,307, covering over 370 cities nationwide [5]. - The company has also launched its smart manufacturing phase II project, adding an annual production capacity of 600,000 tons to meet growing market demand [5]. Group 5: Financial Stability and Shareholder Returns - As of June 30, 2025, Qianhe Flavor Industry had over 1.8 billion yuan in self-owned funds and stable cash flow, planning to distribute a cash dividend of 1 yuan per 10 shares to all shareholders [7].

2025年8月27日，千禾味业(SH:603027)发布2025年上半年业绩报告。面对产品竞争激烈、消费需求多元 化、口味个性化等多重市场变化，千禾味业坚持以产品力为核心，深化技术创新，多维度夯实竞争优 势，持续强化线上线下双轮驱动的渠道布局，在健康调味品市场需求持续释放的助推下，展现出强劲的 抗风险能力和业务韧性。 2025年上半年，健康调味品消费需求持续释放，千禾味业聚焦酱油、食醋、料酒等核心品类，构建起健 康化、多元化的产品矩阵，为消费者提供更健康、更干净的调味品。2025年上半年，千禾味业实现营收 13.18亿元、净利润1.73亿元，3-4月销量受舆情影响出现波动，5-6月销量环比快速回升，线上电商+线 下商超渠道的5月、6月销量环比分别增长约15%、2%，销量与营收呈现U型快速回升曲线。 市场需求释放，筑牢品质根基，展现强劲发展韧性 推进渠道深耕，前瞻布局产能，构建持续增长动力 2025年上半年，千禾味业持续推进全渠道深耕与拓展战略，实现线上、线下双轮驱动。线下渠道方面， 千禾味业在巩固现有市场网络优势基础上，加速向核心区域渗透，截至2025年6月30日，经销商总数较 去年一季度末增加至3307家， ...