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劲仔食品:上市以来累计回购约2亿元 分红6.37亿元
Zhong Zheng Wang· 2025-09-26 14:57
Group 1 - The company announced a new share repurchase plan amounting to 99.99 million yuan, representing 1.79% of its shares [1] - Since its listing, the company has spent approximately 200 million yuan on share repurchases and has distributed a total of 637 million yuan in dividends, demonstrating a commitment to returning value to investors [1] - The repurchased shares are intended for employee stock ownership plans, which will enhance the long-term incentive mechanism and motivate core personnel [1] Group 2 - The chairman, Zhou Jinsong, has never reduced his holdings since the company's IPO and even increased his stake by 285 million yuan during a market adjustment in 2022 [2] - The company focuses on healthy product categories such as leisure fish products, poultry products, and bean products, achieving high-quality growth with a strong product matrix [2] - The flagship product, Jinzai deep-sea fish, has annual sales exceeding 1.5 billion yuan and has maintained the top sales position in its category for eight consecutive years [2]
劲仔食品回购1.79%股份 三年完成3次回购
Zheng Quan Ri Bao Wang· 2025-09-26 13:40
Group 1 - The company announced a share repurchase plan amounting to 99.99 million yuan, representing 1.79% of its shares [1] - Since its listing, the company has spent approximately 200 million yuan on share repurchases and has distributed a total of 637 million yuan in dividends, indicating a commitment to returning value to investors [1] - The repurchased shares are intended for employee stock ownership plans, which will enhance the company's long-term incentive mechanisms and motivate key personnel [1] Group 2 - Since its IPO in 2020, the company has focused on healthy product categories such as leisure fish products, poultry products, and bean products, achieving high-quality growth [2] - The company's flagship product, the deep-sea fish, has annual sales exceeding 1.5 billion yuan and has maintained the top sales position in its category for eight consecutive years [2] - Recently, the company launched a new product, sesame sauce konjac, and upgraded its second-largest product, quail eggs, to be antibiotic-free, continuing to provide value to consumers [2]
豫见地标风物丨年产值二十六亿元,存栏量、蛋产量占全国十分之一 小鹌鹑何以“啄”开大市场
He Nan Ri Bao· 2025-09-24 23:19
图② 武陟即可达食品有限责任公司鹌鹑蛋加工现场。图片均为王琳锋 摄 图① 武陟县鹌鹑现代产业园正如火如荼建设中。 武陟鹌鹑 武陟鹌鹑产业年产值26亿元,年均孵化供应鹌鹑种苗超1亿只,鹌鹑最大存栏量达3000余万只,年产鹌鹑蛋9 万余吨,存栏量、蛋产量占全省的三分之一、全国的十分之一,孵化量更是占全省的80%。 王利明的经历,正是武陟县鹌鹑养殖发展的一个生动缩影。 20世纪80年代初,时任谢旗营镇冯李村党支部书记的冯庆双在四川考察时,敏锐地发现了鹌鹑养殖的经济价 值。 回村后,他带领几户村民采取"人背"的方式带回了鹌鹑种苗,开启了全县第一批鹌鹑养殖。那时,每个养殖 户的养殖规模仅有几百只。 鹌鹑孵化出35天后即可每天产蛋,产蛋期为10—12个月、产蛋量约250—270个。早期养殖户获得了可观的收 益后,鹌鹑养殖逐渐从一村扩展到全镇,养殖户从十几户发展到周边地区的百余户,养殖规模发展到几十万 仲秋,豫北平原的武陟县谢旗营镇,晨光初染大地,一座座鹌鹑养殖基地已悄然苏醒,迎来一天的生机。 一排排整齐的笼舍中,灰褐色的鹌鹑叽叽喳喳叫个不停,工人们轻快地穿行其间,俯身捡起一枚枚尚带体温 的鹌鹑蛋。这些新鲜的鹌鹑蛋,将在当 ...
聚焦“两高四着力”·一“县”观察丨漯河经开区 项目为王 弓满弦张
He Nan Ri Bao· 2025-09-15 02:02
Core Viewpoint - The national economic and technological development zone in Luohe is rapidly advancing towards becoming a modern industrial park, focusing on attracting investment, project construction, technological innovation, and international cooperation in the food industry [1][2]. Group 1: Development Strategy - Luohe Economic Development Zone aims to build a renowned food enterprise cluster and a high-end manufacturing chain, positioning itself as a new high ground for the international food industry [1]. - The zone has set a goal to enter the top 40 national development zones by 2024, having ranked 144th in 2020 [2]. Group 2: Project Implementation - In the past two years, the zone has planned and implemented 76 projects with a total investment of 1,110 billion, with 34 projects included in the provincial and municipal key project library [3]. - All signed projects in the first half of the year have been executed on time, achieving a 100% project fulfillment and commencement rate [3]. Group 3: Economic Performance - The food industry in Luohe Economic Development Zone generates annual revenue exceeding 1,500 billion, accounting for one-seventh of Henan's total output [2]. - In the first half of the year, the region's GDP grew by 7.2%, and the industrial added value increased by 8.7%, both ranking first in the city [4]. Group 4: Investment and Growth - The zone has established a command center for investment and project construction, conducting over 30 specialized investment activities [4]. - Major enterprises like Coca-Cola and Salted Fish have expanded their production, with industrial output growth rates exceeding 15% [4].
研报掘金丨信达证券:维持劲仔食品“买入”评级,鱼制品保持稳健增长,鹌鹑蛋增速放缓
Ge Long Hui A P P· 2025-09-02 06:25
Core Viewpoint - The report from Cinda Securities indicates that Jingzai Food's net profit attributable to shareholders for H1 2025 was 112 million yuan, a year-on-year decrease of 21.9%, with Q2 2025 showing a net profit of 44 million yuan, down 36.3% year-on-year [1] Group 1: Financial Performance - In H1 2025, Jingzai Food achieved a net profit of 112 million yuan, reflecting a decline of 21.9% compared to the previous year [1] - The net profit for Q2 2025 was 44 million yuan, representing a year-on-year decrease of 36.3% [1] Group 2: Product Performance - Fish products maintained steady growth, while the growth rate of quail eggs has slowed down [1] - The company's core growth logic over the past three years has been to expand modern channels to increase the penetration of fish products, with new quail egg products also contributing [1] Group 3: Market Trends - The overall performance of the snack sector in the first half of the year was relatively weak, primarily due to the diminishing channel dividends [1] - Companies like Weilong and Yanjin, which benefit from the konjac product category, have performed relatively better [1] Group 4: Future Outlook - With a more comprehensive channel layout, future growth drivers for snack companies will increasingly rely on core and new product categories [1] - The company has successfully expanded its modern channel and is focusing on developing konjac products, having launched a new product, sesame konjac "Jingmen Baodu," in the first half of the year [1] - It is recommended to closely monitor the company's new product launch rhythm and the performance of konjac and other category products with growth potential [1] Group 5: Revenue Projections - Cinda Securities projects that for 2025-2026, Jingzai Food's revenue and net profit attributable to shareholders will be 246 million yuan and 26 million yuan, and 274 million yuan and 33 million yuan, respectively [1] - The firm maintains a "buy" rating for the company [1]
信达证券:维持劲仔食品“买入”评级,鱼制品保持稳健增长,鹌鹑蛋增速放缓。
Xin Lang Cai Jing· 2025-09-02 06:21
信达证券:维持劲仔食品"买入"评级,鱼制品保持稳健增长,鹌鹑蛋增速放缓。 ...
劲仔食品(003000):传统渠道表现弱势,静待下半年逐季改善
China Post Securities· 2025-09-01 09:05
Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase in stock price of over 20% compared to the benchmark index within the next six months [10][16]. Core Views - The company experienced a decline in revenue and net profit in the first half of 2025, with revenue at 1.12 billion yuan, down 21.86% year-on-year, and net profit at 0.87 billion yuan, down 28.94% year-on-year [4][5]. - The sales team is undergoing adjustments and reforming the assessment mechanism, leading to internal operational challenges [5]. - The company is focusing on channel construction while maintaining product category integrity and health-oriented initiatives, aiming for positive revenue growth in the second half of the year [7][9]. Company Overview - Latest closing price: 13.32 yuan - Total shares: 4.51 billion, circulating shares: 3.00 billion - Total market value: 60 billion yuan, circulating market value: 40 billion yuan - 52-week high/low: 15.65/10.19 yuan - Debt-to-asset ratio: 34.0% - Price-to-earnings ratio: 20.34 [3]. Financial Performance - In H1 2025, revenue from various product categories showed mixed results: fish products increased by 7.61% to 7.57 billion yuan, while quail egg products decreased by 24% to 1.96 billion yuan [5]. - The company's gross margin and net profit margin for H1 2025 were 29.45% and 9.96%, respectively, showing a decline compared to the previous year [6]. - The company has adjusted its revenue forecasts for 2025-2027, now projecting revenues of 24.37 billion, 27.02 billion, and 30.91 billion yuan, respectively, with corresponding net profits of 2.44 billion, 3.12 billion, and 3.75 billion yuan [10][12]. Strategic Focus - The company is prioritizing channel development and responding efficiently to channel demands, with a strategy to enhance the coverage of terminal outlets through refined channel operations [7]. - New product launches, particularly in the konjac category, have received positive feedback, indicating potential for growth in this segment [5].
研报掘金丨信达证券:维持盐津铺子“买入”评级,魔芋高增兑现,主动调优渠道
Ge Long Hui A P P· 2025-09-01 08:16
Core Viewpoint - The report from Xinda Securities indicates that Yanjinpuzi's net profit attributable to shareholders for H1 2025 reached 370 million yuan, representing a year-on-year increase of 16.7% [1] - In Q2 2025, the net profit attributable to shareholders was 200 million yuan, showing a year-on-year growth of 21.8% [1] - The company has adjusted its strategy to focus on core product categories, with revenue from its core product, konjac products, increasing by 155% year-on-year to 790 million yuan in H1 2025, indicating the initial success of its big product strategy [1] Financial Performance - Yanjinpuzi's H1 2025 net profit was 370 million yuan, up 16.7% year-on-year [1] - Q2 2025 net profit was 200 million yuan, reflecting a 21.8% year-on-year increase [1] - Revenue from konjac products in H1 2025 reached 790 million yuan, a significant increase of 155% year-on-year [1] Strategic Outlook - The company is expected to leverage the strong performance of konjac products to transition from a channel-focused company to a product-focused company [1] - There is a focus on monitoring the performance of key products such as quail eggs, fish tofu, and dried fruits, which are potential core products [1] - Profitability is anticipated to improve due to advantages in supply chain extension and the scale effects from focusing on core products [1] Investment Recommendation - The report maintains a "buy" rating for the company, emphasizing the importance of the performance of konjac products and potential core products [1]
上半年净利缩水20%,平江零食龙头也顶不住了,A股零食企业一片哀嚎
3 6 Ke· 2025-08-29 03:05
Core Viewpoint - Jinzai Food, known as the "first stock of fish snacks," reported a decline in revenue and profit for the first half of 2025, reflecting broader industry challenges faced by snack companies in the A-share market [1][7]. Company Performance - Jinzai Food's revenue for the first half of 2025 was 1.124 billion yuan, a year-on-year decrease of 0.5%, while net profit attributable to shareholders was 112 million yuan, down 21.86% [1]. - Despite growth in sales of fish and bean products, the company faced declines in quail egg and konjac products, with online sales also contributing to the performance drop [1][7]. - The company maintained a robust "basic plate," with fish product revenue at 757 million yuan (up 7.61%) and bean product revenue at 115 million yuan (up 3.61%) [5]. Product Category Insights - The poultry product category, which had been a growth driver, saw a revenue decline of 24% in the first half of 2025, totaling 196 million yuan [2]. - The vegetable product category also experienced a decline of 10.69%, with revenue at 34.05 million yuan [4]. - Jinzai's poultry products, including shredded meat and quail eggs, had previously shown significant growth, but increased competition and price pressures have led to a slowdown [3][4]. Industry Context - The A-share snack industry is facing collective challenges, with major companies like Good Products and Laiyifen reporting significant losses in the first half of 2025 [7][8]. - The competitive landscape has intensified, with rising customer acquisition costs and a shift in consumer behavior impacting both online and offline sales channels [9]. Strategic Adjustments - In response to current challenges, Jinzai Food has made personnel adjustments, appointing Tong Jingming as the new deputy general manager to bring fresh operational insights [6]. - The company plans to focus on channel construction as a key strategy moving forward, addressing the decline in online sales due to community group buying distributors exiting the market [7].
营收利润双降 劲仔食品新“三年倍增”计划遇阻
Bei Jing Shang Bao· 2025-08-27 16:36
Core Viewpoint - Jinzai Food, known as the "first stock of fish snacks," reported a decline in both revenue and net profit for the first half of the year, raising concerns about its growth strategy and market competition [1][2]. Financial Performance - In the first half of the year, Jinzai Food achieved revenue of 1.124 billion yuan, a year-on-year decrease of 0.5% [1]. - The net profit attributable to shareholders was 112 million yuan, down 21.86% year-on-year [1]. - The fish product segment, represented by "Jinzai Small Fish," remained the main revenue source, generating 757 million yuan, an increase of 7.61% [1]. - Revenue from the poultry product segment, which includes quail eggs and shredded meat, fell to 196 million yuan, a decline of 24% [1]. Business Strategy and Market Position - Jinzai Food primarily engages in the research, production, and sales of Chinese-style snack foods, including fish, poultry, and bean products [2]. - The company was listed on the Shenzhen Stock Exchange in October 2020 and initially set a "three-year doubling" plan, which was achieved in 2023 [2]. - Following this, a new "three-year doubling" plan was proposed, but growth rates for revenue and profit have significantly slowed [2]. - In the first quarter of this year, revenue was 595 million yuan, a year-on-year increase of 10.27%, while net profit decreased by 8.21% to 68 million yuan [2]. Market Challenges and Opportunities - The company is enhancing cooperation with snack specialty channels and expanding its product SKU while actively exploring overseas markets, with products sold in over 40 countries and regions [3]. - However, there are concerns regarding the costs associated with maintaining channel relationships and the uncertain effectiveness of these partnerships [3]. - Expanding into international markets presents new growth opportunities but also involves challenges such as cultural differences, consumer habits, and complex regulations, requiring significant resources for research and promotion [3].