东京烘焙职业人为方便大家及时了解行业内的最新动态，包括：供应商产品资讯、服务商动向、 教培动态、行业及周边行业活动、相关赛事进程等，特开设周六行业资讯分享特别板块，定期为大家 更新上述相关内容，帮助大家快速了解行业一手信息。 我们探寻烘焙行业更多不同细分领域的元素，只为更好地推动烘焙行业的发展。 烘焙设备 烘焙原材料 1、 金城制冷【冷藏面包展示柜】 2、韩焙【大师MASTER商用烤炉】 3、 三能【SN9108-4连足球模】 4、艾泽森【金刚狼 3088 磨煮一体茶咖机】 5、新麦机械【整形机】 6、辰品食品机械【墨西哥饼皮生产线】 7、恒联食品机械【燃气烘炉】 8、广东元焙【推车醒发箱】 9、复雅机械【FUYA全新赛道醒发系统】 现烤现卖,出炉即销售,新鲜直达 服务商动态 教育培训 10、萨宾莎【Saberry® 余甘子浓缩粉】 11、欧福蛋液【咸蛋黄粉】 12、卡乐椰【冷冻生椰乳】 13、琪雷萨【马斯卡彭奶酪】 14、野赫【春风日和小麦粉】 15、恒华食品【柑橘茉莉馅】 16、绍兴御茶村【有机清香抹茶】 17、莱益塔【高钙马苏里拉奶酪】 18、天津天富食品【咸法酪酱】 19、原上风物【燕麦吐司预拌粉】 ...

线下合作山姆、盒马等高势能渠道，有望持续上新。今年5 月，公司上架了新品"牛肉+再制奶酪"，将 牛肉风干小香肠+超干牛肉+再制奶酪打包成为"内蒙草原风味小零食"；今年3 月，公司联合盒马推出鳕 鱼奶酪条，定位佐酒伴侣，抢占成人零食赛道。公司在山姆、盒马等线下新零售渠道推出特色新品，展 现公司在奶酪领域的产品力与品牌力，基于公司领先的产品研发能力，我们期待未来公司将更多新品打 入高势能渠道。 盈利预测及投资评级：我们预计公司2025-27 年实现营收56.36/65.49/76.08 亿元，同比增长 16.35%/16.21%/16.17%，实现归母净利润2.35/3.42/4.36 亿元，同比增长107.15%/45.47%/27.41%，对应 PE分别为68X/47X/37X，维持"推荐"评级。 风险提示：行业竞争加剧、与蒙牛奶酪业务整合不及预期、原材料价格大幅波动、产品推新效果不及预 期、食品安全问题等 25Q2 公司持续推新、拓宽渠道，C 端及B 端的产品均引领国内奶酪行业的发展，基于公司在产品、品 牌、渠道的核心竞争力，我们看好公司未来的持续成长，朝着百亿营收的目标坚实迈进。 聚集奶酪核心业务，C 端 ...

Core Viewpoint - The company is preparing for the 2024 Annual General Meeting (AGM) and has outlined the procedures and key agenda items for the meeting, including the review of various reports and proposals related to its operations and governance [1][2][4]. Group 1: Meeting Procedures - The company emphasizes the importance of maintaining order during the AGM and requires attendees to present identification and authorization documents [1][2]. - Voting will be conducted through a combination of on-site and online methods, with specific rules regarding late arrivals and participation [2][3]. - Attendees are reminded to respect the meeting's decorum and cooperate with staff to ensure a smooth process [2][3]. Group 2: Financial Performance - For the fiscal year 2024, the company reported a total revenue of CNY 4.84 billion, a decrease of 8.99% compared to the previous year [20][21]. - The net profit attributable to shareholders was CNY 113.62 million, reflecting a significant increase of 89.16% year-on-year [6][21]. - The company achieved a net cash flow from operating activities of CNY 530.73 million, marking a substantial improvement of 101.28% from the previous year [6][21]. Group 3: Business Strategy and Operations - The company continues to focus on its core cheese business, which generated revenue of CNY 3.76 billion, a year-on-year increase of 6.92% [6][7]. - The company has implemented various operational measures to enhance efficiency and reduce costs, contributing to improved profit margins [6][7]. - Product innovation remains a priority, with new offerings such as preservative-free cheese sticks and seasonal products aimed at expanding market share [8][9]. Group 4: Governance and Compliance - The board of directors has adhered to legal and regulatory requirements, holding 14 meetings and convening 5 AGMs during the reporting period [13][14]. - The company has established specialized committees to support governance, including a strategic committee and an audit committee, which have met regularly to oversee key decisions [14][15]. - The company plans to revise its articles of association to align with new regulatory guidelines and enhance corporate governance [27][28].