证券代码：300999 证券简称：金龙鱼 公告编号：2024-036 益海嘉里金龙鱼食品集团股份有限公司 关于控股股东自愿延长限售股份锁定期的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 益海嘉里金龙鱼食品集团股份有限公司（以下简称"公司"）近日收到控 股股东Wilmar Distribution (Hong Kong) Limited（中文名：丰益营销（香港）有 限公司，以下简称"丰益香港""承诺人"）出具的《关于自愿延长股份锁定 和减持的承诺》，丰益香港基于对公司未来发展前景的信心和对公司价值的高 度认可，为进一步促进公司持续、稳定发展，维护广大投资者利益，自愿延长 所持有的公司首发前限售股份的锁定期。具体情况如下： 一、追加承诺股东基本情况介绍 1、股东的基本情况 控股股东：Wilmar Distribution (Hong Kong) Limited 成立日期：1990年8月7日 注册地址：25th Floor, Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong 注册资本：43,681,3 ...

Group 1: Company Overview - The Yihai Kerry Group's Kunshan enterprise cluster covers an area of approximately 514 acres, integrating various food production lines including flour, noodles, and frozen cakes [2] - The factory is strategically located in the Yangtze River Delta region, near major highways and railways, enhancing logistics efficiency [2] Group 2: Investor Relations Activities - The investor relations event took place on July 5, 2024, with participation from 10 institutions [2] - The management team provided a tour of the production lines, showcasing the integration of various food processing operations [2] Group 3: Competitive Advantages - The Kunshan enterprise cluster offers advanced facilities and services, benefiting clients with reduced logistics costs and improved supply chain efficiency [3] - The company emphasizes product innovation and technology in processing to enhance customer loyalty and competitive edge [2] Group 4: Future Revenue Sources - The central kitchen project will generate revenue from product sales, rental of facilities, and support for partner sales, with initial income primarily from rent [4] - The focus is on resource integration advantages in raw material supply and product distribution [4] Group 5: Management Structure - The group operates a matrix management system, ensuring effective oversight of procurement, production, quality control, and sales across its factories [5] - New business initiatives are monitored for alignment with the company's competitive strategy and growth direction [5] Group 6: Disclosure Information - The investor relations activity did not involve any significant information that requires disclosure [6]

Group 1: Market Position and Competitive Advantages - The company has established a diversified business model with 79 enterprises, allowing for reduced operational costs through inter-factory resource sharing [2][3] - It has a multi-channel sales strategy, engaging both C-end and B-end customers, including partnerships with major supermarkets and e-commerce platforms [2][3] - The company emphasizes its R&D capabilities, having launched various innovative products such as MLCT oil and fermented rice [3] - A circular economy approach is adopted, maximizing the use of by-products from rice processing to enhance product value [3] - The company maintains a comprehensive brand matrix to cater to different market segments, including high-end and mass-market brands [3] Group 2: Financial Performance and Future Outlook - The company's gross margin has declined to approximately 6% to 7% due to raw material price fluctuations and market competition [3] - Future adjustments in product structure are expected to enhance the health and nutritional value of C-end products, potentially improving margins [3] - The company is optimistic about long-term growth in the food industry, maintaining high investment levels despite short-term impacts on profitability [3] - The company anticipates that its lower market share in rice and flour presents significant growth opportunities, which could enhance profitability as industry concentration increases [6] Group 3: Consumer Behavior and Market Trends - The company has observed a seasonal fluctuation in consumer demand, with a notable increase before the Spring Festival and a subsequent decline [3][4] - The trend of offline store closures is attributed to the rise of e-commerce and cautious consumer sentiment amid economic uncertainty [5] - The company plans to respond to market changes by offering more cost-effective products and enhancing operational efficiency [5] Group 4: Strategic Initiatives - The company is focused on expanding its product offerings in the rice, flour, and related downstream sectors to drive revenue growth [6] - It aims to strengthen supply chain management to reduce costs and improve product quality across all operational stages [3]

Summary of Conference Call for Jinlongyu (金龙鱼) Company Overview - Jinlongyu is one of the largest agricultural product and food enterprises in China, focusing on kitchen foods, feed raw materials, and oil technology. The company operates 79 production bases nationwide and is in the process of establishing an additional 9-10 bases [4][5]. Industry Insights - The kitchen food sector is experiencing a shift towards high-value-added products, particularly in the condiment category. Jinlongyu is expanding its presence in the central kitchen sector, integrating upstream condiment production to create a one-stop industrial platform for the catering industry, which is expected to drive long-term growth [2][6]. Financial Performance and Market Conditions - The company is currently benefiting from a decline in raw material prices, which is expected to enhance profit margins. The overall price levels for key commodities like soybeans are stabilizing after a period of significant increases [1][6]. - Despite recent challenges, including fluctuating consumer demand and the impact of the pandemic, the management remains optimistic about the long-term prospects of the Chinese economy and the food industry [6][7]. Competitive Landscape - Jinlongyu faces competition from various enterprises, including state-owned and private companies. The management emphasizes that competition is healthy and focuses on quality, brand, and cost efficiency [23][24]. - The market for packaged oil has evolved significantly since Jinlongyu's inception, with a current penetration rate of around 90% in developed coastal regions, while less developed areas still show potential for growth [22][23]. Strategic Initiatives - The company is committed to a long-term investment strategy, allocating approximately 10 billion annually to expand and enhance its operations. This includes diversifying into new product lines such as high-end oils and condiments [33][34]. - Jinlongyu's business model leverages a cluster of factories to optimize production and reduce costs, which is a significant competitive advantage over standalone operations [27][28]. Research and Development - The company boasts a strong R&D team of over 300 personnel, focusing on innovative product development, including health-oriented oils and specialty products. This capability is seen as a key differentiator in the market [29][30]. Economic and Consumer Trends - Recent months have shown a decline in consumer demand, attributed to economic uncertainties and changing purchasing behaviors. However, Jinlongyu's diverse product range positions it well to adapt to these shifts [52][53]. - The management acknowledges the impact of e-commerce on traditional retail, noting that the rise of online shopping has led to the closure of many physical stores. The company is adapting by enhancing its online presence and offering competitive pricing [60][61]. Conclusion - Jinlongyu is navigating a complex market landscape with a focus on long-term growth through strategic investments, product innovation, and operational efficiencies. The management remains confident in the company's ability to adapt to market changes and capitalize on emerging opportunities in the food sector [6][34].

证券研究报告 | 2024年05月19日 金龙鱼（300999.SZ） 买入 2023 年报及 2024 一季报点评：厨房食品量利双增，2024Q1 归 母净利润同比+3.30% 核心观点 公司研究·财报点评 厨房食品量利双增，2024Q1归母净利润同比+3.30%。2023年公司实现营收 农林牧渔·农产品加工 2515.24亿元（同比-2.32%），归母净利润28.48亿元（同比-5.43%）， 证券分析师：鲁家瑞 证券分析师：李瑞楠 扣非归母净利润13.21亿元（同比-58.50%），收入下滑原因主要系为 021-61761016 021-60893308 lujiarui@guosen.com.cn liruinan@guosen.com.cn 产品价格下跌的影响超过了销量增长带来的营收贡献；利润下滑原因主 S0980520110002 S0980523030001 要系报告期内下游市场需求不振，厨房食品盈利有所减少。2024Q1随国 联系人：江海航 内经济逐渐恢复，虽然主要产品价格受大宗行情影响有所下降，但公司 010-88005306 jianghaihang@guosen.com.cn 厨房食品、 ...

特此公告。 证券代码：300999 证券简称：金龙鱼 公告编号：2024-035 益海嘉里金龙鱼食品集团股份有限公司 关于完成公司名称变更并换发营业执照的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 益海嘉里金龙鱼食品集团股份有限公司（以下简称"公司"）于 2024 年 4 月 15日召开了 2023年年度股东大会，审议通过了《关于拟变更公司名称暨修订 <公司章程>的议案》，同意公司名称由"益海嘉里金龙鱼粮油食品股份有限公 司"变更为"益海嘉里金龙鱼食品集团股份有限公司"。 近日，公司已完成了相关的工商变更登记手续、《公司章程》备案，取得 了由上海市市场监督管理局换发的《营业执照》，并完成了新公章的刻制及备 案。除公司名称变更外，其他《营业执照》基本信息不变。 二〇二四年五月十三日 益海嘉里金龙鱼食品集团股份有限公司 董事会 ...

证券代码：300999 证券简称：金龙鱼 公告编号：2024-031 益海嘉里金龙鱼粮油食品股份有限公司 第二届董事会第二十一次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 益海嘉里金龙鱼粮油食品股份有限公司（以下简称"公司"）第二届董事会 第二十一次会议于2024年4月30日以通讯表决方式召开。会议通知已于2024年4 月30日以电子邮件方式发出。本次会议由董事长Kuok Khoon Hong（郭孔丰）召 集并主持，会议应出席董事9人，实际出席董事9人，公司全体监事、全体高级 管理人员列席了本次会议。本次会议的通知、召集、召开和表决程序符合《中 华人民共和国公司法》和《益海嘉里金龙鱼粮油食品股份有限公司章程》的有 关规定。 二、董事会会议审议情况 会议以投票表决方式，通过了如下决议： （一）审议通过《关于调整2024年限制性股票激励计划激励对象名单及授 予权益数量的议案》。 鉴于公司《2024年限制性股票激励计划》（以下简称"本激励计划"）激励 对象中，有16名激励对象在知悉本次激励计划事项后存在买卖公司股票的行为， ...

证券代码：300999 证券简称：金龙鱼 公告编号：2024-033 益海嘉里金龙鱼粮油食品股份有限公司 关于调整2024年限制性股票激励计划激励对象名单 及授予权益数量的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 鉴于公司本激励计划激励对象中，有16名激励对象在知悉本次激励计划事 项后存在买卖公司股票的行为，另有2名激励对象因离职或因为工作内容变动不 再符合激励对象条件，公司取消拟向上述激励对象授予的限制性股票共49.00万 股。 2、2024年3月25日，公司召开第二届监事会第十八次会议，审议通过了 《关于公司<2024年限制性股票激励计划（草案）>及其摘要的议案》《关于公 司<2024年限制性股票激励计划实施考核管理办法>的议案》以及《关于核实公 司<2024年限制性股票激励计划激励对象名单>的议案》，公司监事会对本激励 计划的相关事项进行核实并出具了相关核查意见。 3、2024 年 3 月 29 日至 2024 年 4 月 7 日，公司对本激励计划拟激励对象的 姓名和职务在公司内部进行了公示。在公示期内，公司监事会未接到任何对本 次拟激励对象 ...

北京市汉坤律师事务所 关于 益海嘉里金龙鱼粮油食品股份有限公司 2024 年限制性股票激励计划调整激励对象名单 和授予权益数量及授予相关事项的 法律意见书 汉坤（证）字[2024]第[35655-11]-O-2 号 中国北京市东长安街 1 号东方广场 C1 座 9 层 100738 电话：(86 10) 8525 5500；传真：(86 10) 8525 5511 / 8525 5522 北京 上海 深圳 香港 海口 武汉 新加坡 纽约 www.hankunlaw.com 北京市汉坤律师事务所 关于益海嘉里金龙鱼粮油食品股份有限公司 2024 年限制性股票激励计划调整激励对象名单和授予权益数量 及授予相关事项的 法律意见书 汉坤（证）字[2024]第[35655-11]-O-2 号 致：益海嘉里金龙鱼粮油食品股份有限公司 北京市汉坤律师事务所（以下简称"本所"）接受益海嘉里金龙鱼粮油食品股 份有限公司（以下简称"公司"）的委托，担任公司2024年限制性股票激励计划法 律顾问并就公司实行限制性股票激励计划（以下简称"本激励计划"或"本计划"） 授予限制性股票（以下简称"本次授予"）及调整激励对象名单和授予权益数 ...

证券代码：300999 证券简称：金龙鱼 公告编号：2024-034 益海嘉里金龙鱼粮油食品股份有限公司 关于向2024年限制性股票激励计划激励对象 授予限制性股票的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 益海嘉里金龙鱼粮油食品股份有限公司（以下简称"公司"或"金龙鱼"） 《2024年限制性股票激励计划》（以下简称"《激励计划》"或"本激励计 划"）及其摘要规定的限制性股票授予条件已经成就，根据公司2023年年度股 东大会的授权，公司于2024年4月30日召开第二届董事会第二十一次会议、第二 届监事会第二十次会议，审议通过了《关于调整2024年限制性股票激励计划激 励对象名单及授予权益数量的议案》《关于向2024年限制性股票激励计划激励 对象授予限制性股票的议案》，确定本次限制性股票的授予日为2024年4月30日， 以27.20元/股的授予价格向符合授予条件的1,745名激励对象授予7,001.00万股 第二类限制性股票。现将有关事项说明如下： 一、股权激励计划简述及已履行的相关审批程序 （一）本激励计划简述 2024年4月15日 ...