YouYou Foods(603697) 新浪财经·2025-04-26 04:35Core Insights - The company reported a strong Q1 2025 performance with revenue of 383 million yuan, a year-on-year increase of 39.23%, and a net profit attributable to shareholders of 50 million yuan, up 16.25% year-on-year [1] - The poultry products segment showed significant growth, with revenue reaching 325 million yuan, a 47.18% increase year-on-year, driven by rapid growth in membership store products [1][3] - The company is expanding its product offerings and channels, with a focus on new product development and deeper collaboration with downstream systems [3] Financial Performance - Q1 2025 revenue was 383 million yuan, with a net profit of 50 million yuan and a non-recurring net profit of 44 million yuan, reflecting increases of 39.23%, 16.25%, and 25.80% year-on-year respectively [1] - The gross margin for Q1 2025 was 27.08%, down 4.35 percentage points year-on-year, primarily due to changes in channel structure [2] - The company’s net profit margin for Q1 2025 was 13.14%, a decrease of 2.60 percentage points year-on-year, while the non-recurring net profit margin was 11.38%, down 1.22 percentage points [2] Growth Drivers - Online sales in Q1 2025 reached 24 million yuan, a remarkable increase of 88.0% year-on-year, while offline sales were 352 million yuan, up 35.9% [1] - The company is actively introducing new products in membership stores and expanding its traditional channel network, which is expected to mitigate the impact of competition from snack retailers [3] - Future revenue projections for 2025-2027 are 1.675 billion, 2.021 billion, and 2.426 billion yuan, with expected year-on-year growth rates of 41.66%, 20.67%, and 20.02% respectively [3]