Company Overview - Guoquan Food is a leading and rapidly growing home meal products brand in China, focusing on ready-to-eat, ready-to-heat, and ready-to-cook products, particularly hotpot and barbecue items[5]. - The product portfolio includes eight categories: hotpot products, barbecue products, beverages, solo-dining meals, ready-to-cook meal kits, fresh produce, western cuisines, and snacks[5]. - The company has established a store network primarily comprising franchised stores, deriving substantially all revenue from product sales to franchisees, without charging franchise fees[5]. Financial Performance - Guoquan Food (Shanghai) Co., Ltd. reported a revenue of RMB 1.2 billion for the fiscal year ended December 31, 2023, representing a year-over-year increase of 15%[15]. - The company achieved a net profit of RMB 150 million, which is a 20% increase compared to the previous year[15]. - The annual report indicates a commitment to expanding both online and offline shopping options to maximize consumer engagement[7]. - The Group recorded revenue of RMB 6,094.1 million, representing a decrease of approximately 15.0% compared to the corresponding period of 2022[22]. - The Group achieved a gross profit of RMB 1,350.9 million and a gross profit margin of 22.2%, an increase of 4.8 percentage points from 17.4% over the corresponding period of 2022[22]. - The net profit for the year was RMB 263.4 million, representing an increase of approximately 9.3% over the corresponding period of 2022[22]. - The adjusted net profit (Non-IFRS measure) for the year was RMB 318.0 million, reflecting a year-on-year increase of 23.8%[22]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in China by the end of 2024[15]. - Guoquan Food is investing RMB 200 million in R&D for new product development, focusing on plant-based hotpot ingredients[15]. - The Group aims to enhance its online sales channels, targeting a 30% increase in e-commerce revenue by the end of 2024[15]. - The Group's strategy focuses on digital empowerment of the supply chain and franchisees to improve market responsiveness[29]. - The Group aims to consolidate market leadership by focusing on brand, product, and channel development[27]. Product Development and Innovation - A total of 339 new SKUs were launched in 2023 to cater to evolving consumer demands and preferences[21]. - The management highlighted the successful launch of a new hotpot soup base product, which contributed to a 10% increase in sales in Q4 2023[15]. - The Group plans to enhance its R&D capabilities and optimize existing products based on consumer feedback to meet local preferences[52]. Supply Chain and Operational Efficiency - The company emphasizes operational efficiency through a robust supply chain and digitalized management system, ensuring product quality and safety[7]. - The Group achieved next day delivery for most orders through a streamlined supply chain, optimizing costs and enhancing product affordability for franchisees and consumers[40]. - The Group's supply chain system ensures high quality and safety of products while maintaining cost advantages through stable relationships with upstream suppliers[45]. - The Group's digital supply chain allows for real-time monitoring of supply and demand dynamics, improving overall efficiency[48]. Online Sales and Marketing - Guoquan Food is developing online sales channels, including its Guoquan APP and partnerships with third-party food delivery platforms like Meituan and Ele.me, enhancing consumer reach[7]. - The Group achieved over six billion exposures through livestreaming and short-form videos on Douyin in 2023, enhancing consumer interaction[36]. - The Group's marketing efforts on social media platforms, including Douyin, resulted in over 6 billion exposures in 2023[38]. Governance and Management - The company has a diverse board with members experienced in finance, law, and the catering industry, which supports comprehensive decision-making[130][132]. - The company emphasizes independent judgment in its board operations, enhancing its governance framework[130][131]. - The Group is committed to maintaining high standards of financial management and internal control, as emphasized by the roles of its financial officers[136]. Employee and Community Relations - As of December 31, 2023, the Group had a total of 2,045 employees, with total employee benefit expenses amounting to RMB 463.4 million for the year[169]. - The Group is committed to integrating ESG criteria into its business activities, focusing on product quality, consumer service, and environmental protection[169]. - The Group's charitable donations for the year ended December 31, 2023 amounted to approximately RMB 3.5 million[199]. Future Plans and Use of Proceeds - The company plans to utilize the proceeds for construction, investment, and acquisition of plants, with a total allocation of 25% or HK$112.1 million expected to be fully utilized by December 31, 2027[189]. - The company allocated 40% or HK$179.5 million of the proceeds for opening and operating self-operated stores, also expected to be fully utilized by December 31, 2027[189]. - The company has plans for future utilization of the remaining proceeds as disclosed in the "Future Plans and Use of Proceeds" section of the Prospectus[190].

智通财经APP讯，锅圈(02517)发布截至2023年12月31日止年度业绩，该集团期内取得收入60.94亿元(人民币，下同);股东应占溢利2.4亿元，同比增加4.23%;每股基本盈利8.94分;拟派发末期股息每股0.0521元。 公告称，毛利由2022年度的12.49亿元增长8.2%至期内的13.51亿元，毛利率由2022年度的17.4%改善至期内的22.2%，主要是由于规模优势所带来的更好的成本控制能力，伴随新产品的开发及原有产品的升级，以及收购工厂后自产比例的提升所产生的额外毛利。 尽管2023年的经济环境充满挑战和不确定性，集团的零售门店网络仍然持续扩张。于2023年12月31日，集团在全国31个省、自治区及直辖市共有10307家零售门店。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 GUOQUAN FOOD (SHANGHAI) CO., LTD. 鍋圈食品（上海）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2517） 截至二零二三年十二月三十一日止年度之 年度業績公告 全年業績摘要 • 截至二零二三年十二月三十一日止年度的收入為人民幣6,094.1百萬元，同比 減少15.0%。 • 截至二零二三年十二月三十一日止年度的毛利為人民幣1,350.9百萬元，同比 增加8.2%。截至二零二三年十二月三十一日止年度的毛利率為22.2%，去年 同期為17.4%。 • 截至二零二三年十二月三十一日止年度的淨利潤為人民幣263.4百萬元，同比 增加9.3%。 ...