涪陵榨菜 20250902 摘要 涪陵榨菜二季度营收增长主要得益于榨菜主力产品和麻辣萝卜干等新品 的费用投放，但净利润增长未能同步，预计第三季度将继续加大投入以 稳定体量，同时兼顾利润。 公司采取双轮驱动策略，将副调作为未来发展的重要品类，短期内借助 外部企业切入赛道，通过现有渠道迅速推广副调产品，实现互补与协同， 并针对家庭端销售进行产品研发。 涪陵榨菜逐步提升分红额度，以稳中有升为策略，未来将持续坚持逐步 增加分红额度，根据当期净利情况调整比例，总体趋势是尽量增加分红 额度，为投资者提供回报。 公司对木头项目进行了调整，包括产品品类和原料窖池规模，以适应市 场变化，增加小规格和多规格产品的生产，并进行生产布局上的技术改 造，以满足未来柔性化生产的需求。 涪陵榨菜调整了与经销商的合作策略，对部分优质经销商加大赊销额度， 以缓解其资金压力，导致期中应收账款增加，但要求在 11 月份将款项 全部回收。 Q&A 涪陵榨菜木头项目当前进度如何？产能规划是否会调整或重新分配？ 在 2025 年年报中，公司对木头项目进行了调整，包括产品品类和原料窖池规 模。这几年市场变化较大，原来的可行性报告时间跨度较长，因此需要重新 ...

Group 1 - The self-regulatory body in Zigong City conducted food safety inspections for traditional foods during the Dragon Boat Festival, ensuring that all tested products were compliant with safety standards [2] - A total of 27 batches of food samples were collected, including rice dumplings, preserved eggs, meat products, vegetable products, and bean products, all of which passed the safety tests [2] - The announcement was made on May 29, 2025, highlighting the importance of food safety during festive periods [2] Group 2 - The inspection results included various products from different companies, such as red date rice dumplings and preserved eggs, with specific details on production dates and batch numbers provided [3] - Notable companies involved in the inspection included Fu Shun County Bai Jia Le Bakery and Chengdu Wu Fang Zhai Food Co., with multiple products listed as compliant [3] - The report emphasizes the commitment of local businesses to maintain food safety standards, particularly during high-consumption periods like the Dragon Boat Festival [3]