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安井食品(603345.SH):目前公司的費用管控已經相對到位
格隆匯 10-09 09:44

格隆匯10月9日丨安井食品(603345.SH)近期投資者調研記錄表顯示,目前公司的費用管控已經相對到位,未來規模效應還會帶來銷售費用率的下降,但銷售費用絕對值預計沒有太大的下降空間。在公司各個新工廠的自動化效率與產能爬坡階段,它們的調整速度要明顯快於老工廠,這就是規模效應發揮的正向作用,規模效應是長期作用的。短期內看是公司產品結構的提升,通過鎖鮮裝1.0-4.0的新品、通過今年丸之尊1.0和2.0的產品,在C端力求在逆勢情況下進行一定程度的消費升級。對於B端高端餐飲,公司的對標企業已經在高端火鍋料方面做出了一定體量,因此公司選競品、換競品也錨定了對標目標。作為頭部企業,公司不斷提高B端和C端的中高端產品佔比,以實現對產品結構的改善和升級。

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