Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve a net profit attributable to shareholders of 0.65-0.80 billion yuan in Q3 2024, representing a year-on-year growth of 30.0%-60.0% [1] - The company's revenue is projected to grow by 20% year-on-year in Q3 2024, with offline channels expected to contribute approximately 25-30% growth [1] - The company anticipates a net profit margin of 10.63% in Q3 2024, an increase of 1.83 percentage points year-on-year, driven by cost reductions [1] Financial Performance Summary - For the first three quarters of 2024, the company expects a net profit attributable to shareholders of 2.08-2.23 billion yuan, reflecting a year-on-year growth of 61.1%-101.1% [1] - The company forecasts total revenue for 2024 to be 2065 million yuan, with a year-on-year growth of 41.3% [2] - The projected net profit for 2024 is 292 million yuan, with a year-on-year increase of 39.2% [2] - The gross profit margin is expected to be 30.1% in 2024, up from 28.2% in 2023 [2] Profitability Analysis - The company is expected to maintain its previous profit forecasts, with net profits projected to reach 2.92 billion yuan in 2024, 3.75 billion yuan in 2025, and 4.70 billion yuan in 2026 [2][3] - The net profit margin is expected to improve due to cost benefits and operational efficiencies [1] - The company plans to enhance its market share in quail eggs and expects to launch new products to drive growth [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve a net profit attributable to shareholders of 0.65-0.80 billion yuan in Q3 2024, representing a year-on-year growth of 30.0%-60.0% [1] - The company's revenue is projected to grow by 20% year-on-year in Q3 2024, with offline channels expected to contribute approximately 25-30% growth [1] - The company anticipates a net profit margin of 10.63% in Q3 2024, an increase of 3.36 percentage points year-on-year, driven by cost reduction and operational efficiency [1] Financial Performance Summary - For the first three quarters of 2024, the company expects a net profit attributable to shareholders of 2.08-2.23 billion yuan, reflecting a year-on-year growth of 61.1%-101.1% [1] - The company forecasts total revenue for 2024 to be 2065 million yuan, with a year-on-year growth of 41.3% [2] - The projected net profit for 2024 is 292 million yuan, indicating a year-on-year increase of 39.2% [2] - The gross profit margin is expected to be 30.1% in 2024, up from 28.2% in 2023 [2] Future Outlook - The company plans to enhance its product offerings, particularly in quail eggs, which are expected to strengthen market share [1] - The online channel is undergoing adjustments, with expectations for improved operations and revenue contributions in the future [1] - The company aims to maintain a strong growth trajectory, with revenue projections of 2549 million yuan in 2025 and 3136 million yuan in 2026, reflecting year-on-year growth rates of 23.4% and 23.0% respectively [2]

食品饮料 证 券 研 究 报 告 2024 年 10 月 14 日 劲仔食品 (003000) ——盈利能力亮眼 继续看好公司成长性 | --- | --- | |------------------------------------|-------------------------------| | 市场数据： | 2024 年 10 月 14 日 | | 收盘价（元） | 13.77 | | 一年内最高/最低（元） | 16.01/9.67 | | 市净率 | 4.7 | | 息率（分红 / 股价） | 2.90 | | 流通 A 股市值（百万元） | 4,188 | | 上证指数 / 深证成指 | 3,284.32/10,327.40 | | 注："息率"以最近一年已公布分红计算 | | | --- | --- | |------------------------------|------------------------| | | | | | | | 基础数据 : | 年 06 月 30 日 | | 每股净资产（元） | 2.91 | | | | | 资产负债率 % | 27.38 | | 总 ...

Financial Projections - The expected net profit for Q3 2024 is projected to be between 65.08 million and 80.10 million CNY, representing a year-on-year growth of 30.00% to 60.00% compared to 50.06 million CNY in the same period last year [2]. - The expected net profit after deducting non-recurring gains and losses for Q3 2024 is projected to be between 60.49 million and 75.51 million CNY, indicating a year-on-year growth of 61.06% to 101.05% compared to 37.56 million CNY last year [2]. - For the first three quarters of 2024, the expected net profit is projected to be between 208.41 million and 223.43 million CNY, reflecting a year-on-year growth of 56.47% to 67.75% compared to 133.19 million CNY last year [2]. - The expected net profit after deducting non-recurring gains and losses for the first three quarters of 2024 is projected to be between 182.92 million and 197.94 million CNY, showing a year-on-year growth of 67.14% to 80.86% compared to 109.45 million CNY last year [2]. - The basic earnings per share for Q3 2024 is expected to be between 0.15 CNY and 0.18 CNY, compared to 0.11 CNY in the same period last year [2]. - The basic earnings per share for the first three quarters of 2024 is expected to be between 0.47 CNY and 0.50 CNY, compared to 0.30 CNY last year [2]. Company Strategy and Operations - The company focuses on "big single products, all-channel, branding, and internationalization" as part of its development strategy, aiming to improve the quality of life through healthy snacks [4]. - The company has increased its investment in R&D and product innovation, focusing on high-quality protein health food categories such as leisure fish products, poultry products, and bean products [4]. - The company is actively expanding its marketing network and enhancing its presence in both traditional and modern distribution channels, as well as developing overseas markets [4]. - The growth in net profit is attributed to revenue growth leading to scale effects and supply chain efficiency optimization, along with a decrease in prices of key raw materials and packaging materials [4].

劲仔食品集团股份有限公司 投资者关系活动记录表 证券代码： 003000 证券简称：劲仔食品 编号：2024-006 | --- | --- | --- | |---------------------------|------------------------------------------|------------------------------------------------------------| | | | | | | □特定对象调研 | 分析师会议 | | 投资者关系活 | □媒体采访 | 业绩说明会 | | 动类别 | □ 新闻发布会 | 路演活动 | | | □ 现场参观 | | | | □ 其他（电话会议） | | | 参与单位名称 及人员姓名 | 参与湖南辖区 2024 | 年上市公司投资者网上集体接待日的投资者 | | 时间 | 2024 年 10 月 10 日 | | | 地点 | 全景网"投资者关系互动平台"（ | https://ir.p5w.net ） | | 上市公司接待 | 董事、副总经理、董事会秘书 丰文姬 | | | 人员姓名 | 证券事务代表 涂卓 | ...

劲仔食品集团股份有限公司 投资者关系活动记录表 证券代码： 003000 证券简称：劲仔食品 编号：2024-006 | --- | --- | --- | |-------------------------|------------------------------------------|------------------------------------------------------------| | | | | | | □特定对象调研 | 分析师会议 | | 投资者关系活 | □媒体采访 | 业绩说明会 | | 动类别 | □ 新闻发布会 | 路演活动 | | | □ 现场参观 | | | | □ 其他（电话会议） | | | 参与单位名称 及人员姓名 | 参与湖南辖区 2024 | 年上市公司投资者网上集体接待日的投资者 | | 时间 | 2024 年 10 月 10 日 | | | 地点 | 全景网"投资者关系互动平台"（ | https://ir.p5w.net ） | | 上市公司接待 | 董事、副总经理、董事会秘书 丰文姬 | | | 人员姓名 | 证券事务代表 涂卓 | | ...

证券代码：003000 证券简称：劲仔食品 公告编号：2024-070 劲仔食品集团股份有限公司 关于参加湖南辖区 2024 年度投资者 网上集体接待日活动的公告 | --- | |--------------------------------------------------------------------------------| | | | | | 为进一步加强与投资者的互动交流，劲仔食品集团股份有限公司（以下简称 | | "公司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公 | | 司联合举办的"湖南辖区 2024 年度投资者网上集体接待日"活动，现将相关事 | | 项公告如下： | | 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 | | | | （ https://rs.p5w.net ），或关注微信公众号：全景财经，或下载全景路演 | | 参与本次互动交流，活动时间为 2024 年 10 月 10 日（星期四） | | 时公司高管将在线就公司 2023 年至 2024 半年度业绩、公司治理、发展战略、 | | 营状况、融资计划、股权激励和可持续发展等投 ...

证券代码：003000 证券简称：劲仔食品 公告编号：2024-069 劲仔食品集团股份有限公司 一、股东大会审议通过利润分配方案的相关情况 2024 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 公司以《2024 年半年度权益分派实施公告》确定的股权登记日的总股本 450,969,159 股，扣除回购账户 3,310,000 股、拟回购注销的限制性股票 50,000 股，以 447,609,159 股为基数计算，向全体股东每 10 股派发现金红利 1.0 元（含 税）,合计派发现金红利 44,760,915.90 元（含税）。 本次权益分派方案实施后，根据股票市值不变原则，实施权益分派前后公司 总股本保持不变，现金分红总额分摊到每一股的比例将减小。本次权益分派实施 后除权除息价格计算时，每 10 股现金红利应以 0.992549 元/股计算，每股现金 红利以 0.0992549 元/股计算（每股现金红利=现金分红总额/总股本，即 0.0992549 元/股=44,760,915.90 元÷450,969,159 股）。 ...

证券代码：003000 证券简称：劲仔食品 公告编号：2024-067 劲仔食品集团股份有限公司 关于董事会、监事会换届完成并聘任高级管理人员 及其他相关人员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 劲仔食品集团股份有限公司（以下简称"公司"）于近期召开 2024 年第一 次临时股东大会、职工代表大会、第三届董事会第一次会议、第三届监事会第一 次会议审议通过了关于选举公司第三届董事会董事、监事会监事、职工代表监事、 聘任高级管理人员及其他相关人员等议案，公司第三届董事会、监事会、高级管 理人员及其他相关人员的组成情况如下： 一、公司第三届董事会组成情况 （一）董事会成员 1、非独立董事：周劲松（董事长）、刘特元、丰文姬、沈清武 各专门委员会委员全部由董事组成，其中审计委员会、薪酬与考核委员会、 提名委员会中独立董事均占半数以上，并由独立董事担任召集人，审计委员会召 集人周浪波先生为会计专业人士，公司审计委员会成员中未有高级管理人员。上 述董事会专门委员会任期三年，与第三届董事会任期一致。 6、内部审计部门负责人：刘周丽 2、独立董事：周浪波、陈慧 ...

劲仔食品集团股份有限公司 监事会 2024 年 9 月 14 日 证券代码：003000 证券简称：劲仔食品 公告编号：2024-068 劲仔食品集团股份有限公司 关于公司职工代表监事换届选举的公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 鉴于公司第二届监事会监事成员任期即将届满，根据《中华人民共和国公司 法》及《公司章程》等相关规定，公司于 2024 年 9 月 12 日召开职工代表大会， 经职工代表大会会议表决，会议选举李拓女士（简历详见附件）为公司第三届监 事会的职工代表监事，将与公司 2024 年第一次临时股东大会选举出的两位非职 工代表监事共同组成公司第三届监事会，其任期与第三届监事会非职工监事任期 一致。上述职工代表监事任职的资格和条件，符合《公司法》《公司章程》等法 律法规、规章制度的相关规定。 特此公告。 附件： 第三届监事会职工代表监事简历 李拓女士，1992 年 5 月生，中国国籍，无境外永久居留权，研究生学历。 2017 年至 2018 年就职于深圳市豪恩科技集团股份有限公司任审计员。2019 年至 今历任劲仔食品集团股份有限公司 ...