劲仔食品海外业务今年有望带来惊喜

Core Viewpoint - The company aims to focus on high-quality protein health products, including leisure fish products, poultry products, and bean products, to drive high-quality growth and continue to return value to investors [1] Financial Performance - In 2024, the company achieved a total revenue of 2.412 billion yuan, representing a year-on-year growth of 16.79% - The net profit attributable to shareholders reached 291 million yuan, up 39.01% year-on-year, while the net profit excluding non-recurring items was 261 million yuan, increasing by 39.91% [2] - In Q4 2024, the net profit reached 76.62 million yuan, marking a historical quarterly high [2] Product Sales Breakdown - Sales revenue from leisure fish products, poultry products, bean products, and vegetable products (konjac) were 1.533 billion yuan, 509 million yuan, 247 million yuan, and 79 million yuan respectively, with year-on-year growth rates of 18.76%, 12.67%, 13.89%, and 9.58% [2] Innovation and R&D - The company launched several industry-first innovative products in 2024, including DHA-rich deep-sea fish, antibiotic-free quail eggs, and probiotic soy products without preservatives [2] - The company plans to leverage various research platforms to create a high ground for healthy snack research, focusing on health-oriented development [2] Market Expansion and Strategy - The company is enhancing cooperation with high-end membership stores like Hema to provide customized products and services [3] - Currently, overseas market business is relatively small, but operations have been established in over 30 countries and regions, including Southeast Asia, Japan, South Korea, and Europe and America [3] - The overseas market is expected to grow significantly, outpacing domestic market growth [3] Dividend Policy - The company approved a dividend plan of 3 yuan per 10 shares, with a total dividend amount of 179 million yuan for 2024, accounting for 61% of the net profit attributable to shareholders [3] - The company has maintained a high dividend payout ratio of over 60% of net profit in recent years and introduced mid-year dividends for the first time in 2024 [3] - Since its IPO in 2020, the company has distributed over 590 million yuan in dividends, more than three times the raised funds of 160 million yuan [3]