洽洽食品2024年营收71.31亿元，葵花子贡献超六成；今年一季度净利润下滑67.88%

Core Viewpoint - Qiaqia Food reported a dual growth in revenue and net profit for 2024, but experienced a decline in both metrics in the first quarter of 2025 due to seasonal effects and rising raw material costs [2][5]. Financial Performance - In 2024, the company achieved a revenue of 7.131 billion yuan, a year-on-year increase of 4.79%, and a net profit of 849 million yuan, up 5.82% [3][4]. - The first quarter of 2025 saw a revenue of 1.571 billion yuan, a year-on-year decrease of 13.76%, and a net profit of 77 million yuan, down 67.88% [5][6]. Product Contribution - Sunflower seeds contributed over 61.45% of the total revenue, generating 4.382 billion yuan, with a growth of 2.60% and a gross margin of 29.68% [4]. - Nut revenue was 1.924 billion yuan, a year-on-year increase of 9.74%, accounting for 26.97% of total revenue, but with a gross margin of 27.18%, down 4.38% [4]. Dealer Network - As of the end of the reporting period, the company had 1,380 dealers, with 1,272 in China and 108 overseas, a decrease of 99 dealers compared to the end of 2023 [4]. R&D Investment - The company increased its R&D expenditure by 17.15% to 75.684 million yuan, focusing on technological innovation across various production stages [4]. Non-Recurring Gains - In 2023, non-recurring gains amounted to 76.813 million yuan, accounting for 9.04% of net profit, with government subsidies making up 75.604 million yuan, or 8.90% of net profit [4].