今年上半年，煌上煌用"降本"换来了净利润的增长，却难掩营收下滑困局。 8月8日，煌上煌的2025年半年度报告出炉：实现营业收入约9.84亿元，同比下滑7.19%；归属于上市公司股东的净利润约7691.99万元，同比增长26.90%。 这份"增利不增收"的答卷背后，危机四伏。一方面，煌上煌的营业收入自2021年起便持续下滑，如今叠加门店数量负增长，规模收缩之势恐难遏制；另一方 面，虽然今年上半年归属于上市公司股东的净利润同比增长26.90%，但核心驱动力来自"鸭副产品原料市场价格处于低位+销售费用同比大幅下降"的一次性 红利，盈利能力改善的可持续性面临严峻考验。 2025年全年，煌上煌的经营目标是：完成营业收入21亿元、净利润1.45亿元，实现营业收入与净利润的双增长。 如今，时间过半，煌上煌的业绩达标警报已经拉响。 煌上煌上半年增利不增收 肉、米制品加工业动销承压 2025年上半年，煌上煌实现营业收入约9.84亿元，同比下滑7.19%；归属于上市公司股东的净利润约7691.99万元，同比增长26.90%；归属于上市公司股东的 扣除非经常性损益的净利润约6810万元，同比增长40.27%。 对于业绩变动的原因， ...

"卤味三巨头"之一的煌上煌（002695）率先交出了半年业绩答卷。 8月7日晚间，煌上煌(002695.SZ)披露半年报，公司上半年实现营收9.84亿元，同比下降7.19%；归母净 利润7692万元，同比增长26.9%。 煌上煌中期营收已连续多年下滑。 拉长时间线可见，2021年—2025年中期，其营收分别为14.07亿元、11.82亿元、11.47亿元、10.6亿元、 9.84亿元，五年累计降幅达30%，下行趋势明显。 制表：左宇 对于今年营收下降，公司解释称主要由于消费场景发生变化，酱卤肉制品加工业老店单店收入持续同比 下降，同时门店拓展不达预期，门店数量出现负增长，多重因素导致营收达成不理想。 财报显示，煌上煌主营业务包括酱卤肉制品加工业务和米制品业务，有"煌上煌""真真老老"和"独椒 戏"三大品牌，产品矩阵包括鸭、鸡、猪、牛等快捷消费酱卤肉制品，粽子、青团、麻薯、八宝饭等米 制品及水产、蔬菜、豆制品等佐餐凉菜食品。上半年，公司核心的肉制品加工业务同比下降11.65%， 米制品业务同比下降1.36%，两大主业均未实现增长。 门店规模的大幅收缩成为业绩承压的直观体现。 截至6月30日，煌上煌肉制品加工业拥 ...

作为卤味三巨头之一，煌上煌（002695）具备较强的发展韧性。 8月7日晚间，煌上煌发布2025年半年度报告，上半年营业收入9.84亿元，同比下降7.19%；归属于上市 公司股东的净利润7691.99万元，同比增长26.9%；扣非净利润6810万元，同比增长40.27%。 多项业绩指标均向好 资料显示，煌上煌创立30余年来，从深耕江西本土的特色卤味品牌起步，凭借对传统工艺的坚守与消费 需求的敏锐捕捉，逐步拓展产品边界，形成了如今覆盖多元品类的成熟业务体系，公司主要业务为酱卤 肉制品、米制品及少量佐餐凉菜等其他产品的开发、生产和销售。 近年来，随着消费者对卤味食品需求的进一步增长，消费者既追求味觉体验也看重性价比，吸引新兴品 牌加速进入，卤制品行业竞争日益激烈。龙头企业面临营收下滑、门店收缩压力，行业进入存量竞争阶 段。 基于终端多样化的新零售消费场景，煌上煌通过运用营销中台会员系统能力，制定全渠道会员营销策 略，实现公域（外卖到家、到店团购）获客导入会员中心，构建包括会员等级制度、积分奖励机制等完 整的会员运营体系，提升品牌会员忠诚度，促进新零售业绩增长。 福州公孙策公关咨询有限公司合伙人詹军豪表示："随着市 ...

截至2025年7月31日收盘，煌上煌股价报13.18元，较前一交易日下跌0.89元，跌幅6.33%。当日开盘价 为14.00元，最高触及14.29元，最低下探至13.15元，成交量为343506手，成交金额达4.69亿元。 7月31日早盘9点35分左右，煌上煌股价出现快速反弹，5分钟内涨幅超过2%，最高触及14.29元。当日 主力资金净流入3154.38万元。 风险提示：以上内容仅供参考，不构成投资建议。 煌上煌主要从事酱卤肉制品及佐餐凉菜快捷消费食品的开发、生产和销售。公司产品涵盖禽类、畜类、 蔬菜、水产等系列产品，主要品牌为"煌上煌"。 ...

Core Insights - The beef cattle industry in Jingyuan County, Ningxia, is a traditional stronghold for local economic development, with the Jingyuan Yellow Cattle brand valued at over 3.5 billion yuan [1] - The county has implemented comprehensive support policies for the entire industry chain, enhancing breeding scale and industrialization levels [1][2] Industry Development - As of now, there are over 6,800 beef cattle farmers in Jingyuan County, accounting for 30% of the rural resident households [1] - The county has attracted external beef processing enterprises and nurtured local businesses to extend the industry chain [2] Product Innovation - The Ningxia Yuan Niu Agricultural and Animal Husbandry Technology Co., Ltd. has improved beef preservation from 3 days to 7 days while reducing costs by 30% through modern packaging techniques [2] - Jingyuan County has developed over 50 products in four major series, including premium cuts and frozen beef products, which are sold through various retail channels [2] Market Expansion - Currently, there are 96 sales outlets for Jingyuan Yellow Beef across the country, with products distributed to over 20 provinces and cities, including major urban centers [3] - The products are available in large supermarkets and online platforms, enhancing market reach [3] Future Projections - By the end of 2025, the beef cattle population in Jingyuan County is expected to reach 120,000, with livestock output value projected to be 390 million yuan, contributing to an overall industry chain value exceeding 1 billion yuan [4]

Group 1 - Key Point 1: The construction of key projects is essential for stabilizing economic operations and driving economic growth, with the Danzhou Tax Bureau focusing on personalized and precise tax services to support project initiation and continuation [1] - Key Point 2: The Danzhou offshore wind power project, with a total investment of 14.6 billion yuan, is expected to generate 3.66 billion kWh annually and save 1.1 million tons of standard coal, significantly contributing to Hainan's clean energy goals [2] - Key Point 3: The Danzhou Tax Bureau has established a "Wind Power Tax Benefit Team" to provide guidance on tax incentives for clean energy projects, ensuring that green tax benefits effectively support the development of the renewable energy sector [2] Group 2 - Key Point 1: The expansion of the Hainan Yangpu International Container Hub Port, with an investment of approximately 10.3 billion yuan, aims to enhance Hainan's competitiveness in the Beibu Gulf region by increasing container throughput capacity by 5.5 million TEUs [3] - Key Point 2: The Danzhou Tax Bureau utilizes big data to track key project developments and provide tailored tax policy support, ensuring that projects can fully benefit from available tax incentives [3] - Key Point 3: The Huangshanghuang International Food Processing and Trade Project aims to leverage Yangpu's unique advantages to create a comprehensive industrial base, enhancing the company's competitiveness in domestic and international markets [4] Group 3 - Key Point 1: The Danzhou Tax Bureau is committed to improving the intelligence, precision, and personalization of tax services to support local economic development and assist key projects [5] - Key Point 2: The tax incentives provided to small and micro enterprises have alleviated financial pressures, with one company benefiting from over 500,000 yuan in tax reductions [4] - Key Point 3: The Danzhou Tax Bureau's approach includes comprehensive analysis and targeted outreach to ensure that tax benefits reach the intended businesses effectively [4]