南侨食品公告称，陈飞龙生前未在公司任职，其离世不会对公司的生产经营产生重大影响，公司董事会及高级管理人员正常履职，公司各项生产经营活动 均正常进行。公司将根据后续事项的进展及时发布相关公告。 图片来源：南侨食品公告 在公告中，南侨食品强调了陈飞龙对公司做出的贡献。上市公司称，从公司创立以来，陈飞龙一直支持公司的经营和发展战略，为公司的成长、发展和壮 大奠定坚实的基础并做出了巨大的贡献。 据媒体报道，陈飞龙于2026年2月12日去世，公司将于2月24日至2月26日在南侨集团延平北路总部举办追思会。 公告表示，陈飞龙生前未在公司任职，其离世不会对公司的生产经营产生重大影响，公司董事会及高级管理人员正常履职，公司各项生产经营活动均正常 进行。公司将根据后续事项的进展及时发布相关公告。 陈飞龙，图片来源：南侨微信公众号 据公开信息，陈飞龙为中国台湾企业家，南侨食品集团实际控制人之一，祖籍福建泉州南安市，1937年10月生于上海，幼年随家族移居台湾，在台湾完成 学业（淡江大学英文系）并长期定居、创业。陈飞龙是南侨工业创始人陈其志的长子，后接任南侨投控董事长，主导集团于1995年进入中国大陆市场，并 推动南侨食品于202 ...

Core Viewpoint - The passing of Chen Feilong, a key figure in Nanjiao Foods, is acknowledged, but the company asserts that his death will not significantly impact its operations or management [1][3]. Group 1: Company Announcement - Nanjiao Foods announced the death of Chen Feilong, a significant contributor to the company's growth and strategic direction, although he did not hold an official position within the company [1][3]. - The company confirmed that its board and senior management will continue to operate normally, and all production activities are ongoing without disruption [1][3]. Group 2: Background on Chen Feilong - Chen Feilong was a Taiwanese entrepreneur and one of the actual controllers of Nanjiao Foods, having played a crucial role in the company's establishment and expansion into mainland China [5]. - He was the son of the founder of Nanjiao Industrial and took over as chairman of Nanjiao Investment Holding, leading the company to its listing on the Shanghai Stock Exchange in 2021 [5]. Group 3: Company Performance - Nanjiao Foods is facing significant financial challenges, with a projected net profit for 2025 expected to decline by 78.39% to 81.99% compared to the previous year, amounting to between 36.26 million and 43.52 million yuan [7]. - The decline in performance is attributed to rising raw material costs, particularly for palm oil, soybean oil, coconut oil, and natural cream, which have pressured the company's overall gross and net profit margins [10]. - As of February 24, the company's stock price was reported at 18 yuan, with a total market capitalization of 7.637 billion yuan [10].

2月23日晚间，南侨食品（SH公告称，公司董事会收到公司实控人之一陈飞龙家属通知，陈飞龙于近日不幸逝世。 南侨食品公告称，陈飞龙生前未在公司任职，其离世不会对公司的生产经营产生重大影响，公司董事会及高级管理人员正常履职，公司各项生产经营活动 均正常进行。公司将根据后续事项的进展及时发布相关公告。 就在陈飞龙逝世前不久（2026年1月20日），南侨食品刚刚发布了2025年年度业绩预告。公司预计2025年实现归母净利润3626.37万元~4351.64万元，同比 减少78.39%~81.99%；预计2025年实现扣非净利润3087.65万元~3705.18万元，同比减少79.71%~83.09%。 对于2025年业绩同比预降，南侨食品称，报告期内，公司业绩下滑较大的主要原因是全年各主要原材料价格同比有不同程度上涨。此外，公司高毛利产品 ——烘焙应用油脂收入占比下降，使得整体毛利率进一步承压。 图片来源：南侨食品公告 在公告中，南侨食品强调了陈飞龙对公司做出的贡献。上市公司称，从公司创立以来，陈飞龙一直支持公司的经营和发展战略，为公司的成长、发展和壮 大奠定坚实的基础并做出了巨大的贡献。 据媒体报道，陈飞龙于202 ...

【#南侨食品实控人之一陈飞龙逝世#】2月23日，南侨食品（605339）发布公告，公司董事会沉痛公 告，公司董事会收到公司实际控制人之一陈飞龙先生家属通知，陈飞龙先生于近日不幸逝世。 公告称，陈飞龙先生作为公司的实际控制人之一，从公司创立以来一直支持公司的经营和发展战略，为 公司的成长、发展和壮大奠定坚实的基础并做出了巨大的贡献。公司董事、高级管理人员以及全体员工 对陈飞龙先生的辛勤付出和卓越贡献致以最崇高的敬意和最衷心的感谢，对陈飞龙先生的逝世表示沉痛 哀悼，并向其家人表示深切慰问。 公开资料显示，南侨食品主营业务是烘焙油脂相关制品的研发、生产和销售，公司的主要产品是烘焙应 用油脂、淡奶油、乳制品、预制烘焙品、馅料。 最新业绩方面，1月20日，南侨食品发布2025年业绩预告，公司预计2025年实现归母净利润为3626.37万 元到4351.64万元，同比减少78.39%到81.99%。（每经，德塔） 公告表示，陈飞龙先生生前未在公司任职，其离世不会对公司的生产经营产生重大影响，公司董事会及 高级管理人员正常履职，公司各项生产经营活动均正常进行。公司将根据后续事项的进展及时发布相关 公告。 ...

Core Viewpoint - The company, Nanjiao Foods, is forecasting a significant decline in its 2025 annual net profit, projecting a drop of 78.39% to 81.99% year-on-year, marking the lowest profit levels since its A-share listing in May 2021 [1] Financial Performance - The expected net profit attributable to shareholders is between 36.26 million to 43.52 million yuan, while the non-recurring net profit is projected to be between 30.88 million to 37.05 million yuan, reflecting a decline of 79.71% to 83.09% [1] - The company's revenue for 2025 is anticipated to be 3.065 billion yuan, a decrease of approximately 3% compared to the previous year, indicating ongoing revenue growth challenges [1] Cost Pressures - The primary reasons for the profit decline are sustained cost pressures and unfavorable changes in product structure, with key raw materials like palm oil, coconut oil, and natural cream experiencing significant price increases [1][2] - The average price of palm oil increased compared to 2024, while coconut oil reached a historical high, further exacerbating the company's cost burden [1] Profitability Challenges - The inability to effectively pass on rising costs to product prices has contributed to the profit decline, with the company's gross margin dropping to 19.01% in the first three quarters of 2025, down from 24.47% in the same period last year [2] - The gross margin for the third quarter of 2025 was only 17.05%, marking a new low since the company went public, highlighting a clear trend of weakening profitability [2] Historical Performance Trends - The company's net profit has shown significant volatility from 2022 to 2024, with figures of 161 million yuan, 232 million yuan, and 201 million yuan, reflecting year-on-year growth rates of -56.41%, 44.73%, and -13.34% respectively [2] - The company has struggled with revenue growth, failing to meet its ambitious targets set during its IPO, which included a 25% revenue increase in 2021 and a 45% increase in 2022 [3] Strategic Responses - In response to the dual pressures of declining profits and revenue, the company has proposed strategies focusing on cost control, market expansion, and product innovation to reverse its operational downturn [3] - The challenges faced by Nanjiao Foods are indicative of broader industry issues related to raw material price volatility, while also revealing the company's weaknesses in cost transmission, channel operations, and product structure adjustments [3]

Core Viewpoint - The company, Nanjiao Foods, is forecasting a significant decline in its 2025 annual performance, with net profit expected to drop by 78.39% to 81.99% year-on-year, marking the lowest level since its A-share listing in May 2021 [1][2] Financial Performance - The projected net profit for 2025 is between 36.26 million yuan and 43.52 million yuan, while the non-recurring net profit is expected to be between 30.88 million yuan and 37.05 million yuan, reflecting a decline of 79.71% to 83.09% [1] - The company's revenue for 2025 is anticipated to be 3.065 billion yuan, a decrease of approximately 3% compared to the previous year, indicating ongoing revenue growth challenges [1] Cost Pressures - The primary reasons for the profit decline include sustained pressure on costs and unfavorable changes in product structure, with significant increases in raw material prices such as palm oil and coconut oil [1][2] - The average price of palm oil increased compared to 2024, while coconut oil reached a historical high, further exacerbating the company's cost burden [1] Profitability Challenges - The inability to effectively pass on rising costs to the product side has contributed to the profit decline, with the company's gross margin dropping from 24.47% in the previous year to 19.01% in the first three quarters of 2025 [2] - The gross margin for the third quarter of 2025 was only 17.05%, marking a new low since the company went public [2] Historical Performance Trends - The company's net profit has shown significant volatility from 2022 to 2024, with figures of 161 million yuan, 232 million yuan, and 201 million yuan, reflecting year-on-year growth rates of -56.41%, 44.73%, and -13.34% respectively [2] - The company has struggled with stable profitability, despite attempts to adjust product pricing and structure in response to rising raw material costs [2] Strategic Response - In light of the dual pressures on performance and revenue, the company has proposed strategies focusing on cost control, market positioning, and product innovation to reverse its operational decline [3] - The challenges faced by Nanjiao Foods are indicative of broader industry issues related to raw material price fluctuations, while also highlighting the company's weaknesses in cost transmission and product structure adjustments [3] Industry Context - The baking industry is currently experiencing steady market expansion, with opportunities arising in segments such as frozen baking and local raw material substitution, which could provide a foundation for the company's performance recovery [3] - The company must effectively implement cost control measures, achieve genuine scale effects from channel expansion, and optimize revenue structure through product innovation to overcome its operational challenges [3]

Core Viewpoint - The company expects a significant decline in net profit for 2025, projecting a decrease of 78.39% to 81.99% compared to the previous year, primarily due to rising raw material costs and a decrease in the proportion of high-margin products [1] Group 1: Financial Performance - The projected net profit for 2025 is estimated to be between 36.26 million to 43.52 million yuan [1] - The decline in profit is attributed to increased prices of key raw materials, leading to higher production costs and a decrease in overall gross and net profit margins [1] Group 2: Raw Material Costs - Key raw materials include palm oil, soybean oil, coconut oil, and natural cream, all of which have seen significant price increases [1] - Palm oil prices have shown notable fluctuations, while coconut oil prices have reached historical highs, contributing to cost pressures [1] Group 3: Competitive Landscape - The company faces intensified industry competition, which has resulted in product price increases lagging behind raw material cost hikes, further pressuring profit levels [1] Group 4: Strategic Initiatives - The company plans to monitor raw material price trends and adjust procurement strategies dynamically to mitigate cost impacts [2] - Efforts will be made to enhance operational efficiency through process optimization, automation, and supply chain management [2] - The company aims to drive revenue growth through a dual approach of market expansion and product innovation, focusing on retail and emerging channels [2] - Product offerings will be diversified to meet various market demands, with an emphasis on upgrading to clean label and high-end products [2]

Core Viewpoint - The company, Nanjiao Food Group, anticipates a significant decline in net profit for the year 2025, projecting a decrease of approximately 78.39% to 81.99% compared to the previous year due to rising raw material costs and a decrease in the proportion of high-margin product sales [2][4]. Financial Performance Forecast - The company expects to achieve a net profit attributable to shareholders of between 36.26 million yuan and 43.52 million yuan for the year 2025, a decrease of 157.88 million yuan to 165.13 million yuan from the previous year [2][4]. - The projected net profit, excluding non-recurring gains and losses, is estimated to be between 30.88 million yuan and 37.05 million yuan, reflecting a reduction of 145.52 million yuan to 151.69 million yuan year-on-year [2][4]. Previous Year’s Financial Performance - In the previous year, the total profit was 238.92 million yuan, with a net profit attributable to shareholders of 201.39 million yuan and a net profit excluding non-recurring gains and losses of 182.57 million yuan [6]. Reasons for Profit Decline - The primary reasons for the anticipated profit decline include significant increases in the prices of key raw materials, leading to higher production costs and a decrease in overall gross and net profit margins. Additionally, a reduction in the revenue share from high-margin products has further pressured the gross margin [6][7]. - Key raw materials such as palm oil, soybean oil, coconut oil, and natural cream have seen price increases, with palm oil prices remaining high despite recent declines, and coconut oil prices reaching historical highs [7]. Future Strategies - The company plans to enhance revenue growth through a dual approach of "deepening market layout" and "product innovation." This includes expanding into retail and catering markets and developing a diverse product range to meet various consumer needs [8]. - The company aims to optimize production processes, improve automation levels, and strengthen supply chain management to enhance operational efficiency and cost control [7][8].

Core Viewpoint - Nanchao Food (605339.SH) forecasts a significant decline in net profit for the year 2025, estimating a range between 36.26 million to 43.52 million yuan, representing a year-on-year decrease of 78.39% to 81.99% [1] Group 1: Financial Performance - The company anticipates a substantial drop in net profit for 2025, with projections indicating a decrease of approximately 78.39% to 81.99% compared to the previous year [1] - The expected net profit for 2025 is estimated to be between 36.26 million yuan and 43.52 million yuan [1] Group 2: Reasons for Performance Decline - The primary reason for the significant decline in performance is attributed to the increase in prices of major raw materials throughout the year, leading to higher production costs [1] - The overall gross margin and net margin of the company have decreased as a result of rising production costs [1] - A decline in the revenue share of high-margin products, specifically baking oils, has further pressured the overall gross margin [1]

Core Viewpoint - The company expects a significant decline in net profit for the year 2025, projecting a range of 36.26 million to 43.52 million yuan, representing a year-on-year decrease of 78.39% to 81.99% [1] Summary by Relevant Categories Financial Performance - The anticipated net profit for 2025 is between 36.26 million and 43.52 million yuan, which indicates a substantial decrease compared to previous years [1] - The decline in profit is attributed to rising prices of key raw materials, leading to increased production costs and a decrease in overall gross and net profit margins [1] Cost Factors - Major raw materials include palm oil, soybean oil, coconut oil, and natural cream, all of which have seen varying degrees of price increases year-on-year [1] - Palm oil prices have shown significant volatility, with a notable increase compared to 2024, despite a recent price drop [1] - Coconut oil prices have reached historical highs, and the prices of imported natural cream and dairy products have also risen significantly, exacerbating cost pressures [1] Market Conditions - The slow recovery of end-consumer demand and intensified industry competition have resulted in the company's product price increases lagging behind the rise in raw material costs [1] - The company's pricing measures have a certain degree of lag, further contributing to the pressure on overall profit levels during the reporting period [1]