Core Points - The stock of Zhu Lao Liu (920726) closed at 19.14 yuan on November 4, 2025, down 1.09% from the previous trading day, with a total market capitalization of 1.946 billion yuan [1] - The company announced a cash dividend distribution for the third quarter of 2025, amounting to 15,250,500 yuan, with a distribution of 1.5 yuan per 10 shares based on a total share capital of 101,670,000 shares [1] - The record date for the dividend is November 11, 2025, and the ex-dividend date is November 12, 2025 [1] Dividend Distribution Details - The cash dividend will be distributed directly to shareholders' accounts by China Securities Depository and Clearing Corporation Limited, Beijing Branch, on November 12, 2025 [1] - Individual shareholders and investment funds will be subject to differentiated individual income tax policies based on their holding periods; qualified foreign investors will have a withholding tax rate of 10%, resulting in an actual distribution of 1.35 yuan per 10 shares [1] - The distribution applies to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Beijing Branch, after the market closes on November 11, 2025 [1]

Market Overview - The seasoning and fermentation sector increased by 0.37% compared to the previous trading day, with Zhu Laoliu leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Zhu Laoliu (code: 920726) closed at 19.28, up 3.54% with a trading volume of 18,300 lots and a transaction value of 34.45 million yuan [1] - Richen Co., Ltd. (code: 603755) closed at 34.71, up 2.30% with a trading volume of 19,300 lots and a transaction value of 65.70 million yuan [1] - Angel Yeast (code: 600298) closed at 41.00, up 2.27% with a trading volume of 75,000 lots and a transaction value of 306 million yuan [1] - Other notable stocks include Zhongjing Food (code: 300908) up 1.46%, ST Jiajia (code: 002650) up 1.14%, and Tianwei Food (code: 603317) up 1.06% [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 60.96 million yuan from institutional investors, while retail investors saw a net inflow of 48.05 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Zhongjing Food saw a net inflow of 10.29 million yuan from institutional investors, while retail investors had a net outflow of 6.36 million yuan [3] - Angel Yeast experienced a net inflow of 0.64 million yuan from institutional investors, with retail investors also seeing a net outflow of 0.48 million yuan [3] - Other stocks like Fuling Pickles and Baoli Food also showed varied capital flows, indicating differing investor sentiments across the sector [3]

Core Insights - The seasoning and fermentation sector saw a 0.39% increase on October 27, with Richen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance Summary - Richen Co., Ltd. (603755) closed at 34.18, up 4.85% with a trading volume of 23,300 shares and a turnover of 77.62 million yuan [1] - Baoli Food (603170) closed at 14.50, up 2.62% with a trading volume of 30,700 shares [1] - Anji Food (603696) closed at 12.20, up 1.84% with a trading volume of 65,800 shares [1] - Zhilin Pickles (002507) closed at 13.08, up 1.79% with a trading volume of 190,100 shares [1] - Jialong Co., Ltd. (002495) closed at 2.77, up 1.09% with a trading volume of 207,400 shares [1] - Angel Yeast (600298) closed at 40.62, up 1.02% with a trading volume of 62,300 shares [1] - Haitai Flavor Industry (603288) closed at 38.71, up 0.28% with a trading volume of 130,500 shares [1] Capital Flow Analysis - The seasoning and fermentation sector experienced a net outflow of 93.73 million yuan from institutional investors, while retail investors saw a net inflow of 1.04 million yuan [2] - Major stocks like Haitai Flavor Industry had a net inflow of 12.86 million yuan from institutional investors, but a net outflow of 51.90 million yuan from retail investors [3] - Richen Co., Ltd. had a net inflow of 6.45 million yuan from institutional investors, but also saw a net outflow of 7.80 million yuan from retail investors [3]

Core Insights - The company Zhu Laoliu reported a decline in revenue and net profit for the third quarter of 2025, indicating a challenging financial environment [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 48.4686 million yuan, a year-on-year decrease of 22.99% [1] - The net profit attributable to the parent company for Q3 was 4.8514 million yuan, down 23.99% year-on-year [1] - For the first three quarters of 2025, the company recorded total operating revenue of 155 million yuan, reflecting a year-on-year decline of 9.37% [1] - The net profit attributable to the parent company for the first three quarters was 15.8202 million yuan, which is a decrease of 11.83% compared to the previous year [1]

Market Overview - The seasoning and fermentation sector experienced a decline of 0.16% on October 24, with Zhu Laoliu leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Individual Stock Performance - Daytime stock performance in the seasoning and fermentation sector showed mixed results, with notable gainers and losers: - Richen Co. (603755) increased by 3.56% to 32.60 [1] - ST Jiajia (002650) rose by 1.85% to 7.17 [1] - Haitian Flavoring (603288) decreased slightly by 0.08% to 38.60 [1] - Other notable declines included: - Zhu Laoliu (920726) down 2.02% to 18.40 [2] - Hengshun Vinegar (600305) down 1.47% to 8.03 [2] Trading Volume and Capital Flow - The seasoning and fermentation sector saw a net outflow of 26.48 million yuan from main funds, while retail funds experienced a net inflow of 33.99 million yuan [2] - The total trading volume for the sector was significant, with individual stocks showing varied capital flows [3] Capital Flow Analysis - Key capital flow data for selected stocks: - Angel Yeast (600298) had a main fund net inflow of 32.74 million yuan, but a net outflow from retail investors of 28.43 million yuan [3] - Richen Co. (603755) saw a minor net inflow from main funds of 4.56 million yuan, with retail investors showing a slight net inflow [3] - ST Jiajia (002650) had a net inflow from main funds of 1.23 million yuan, while retail investors experienced a net outflow [3]

Core Insights - The seasoning and fermentation sector experienced a 0.9% increase on October 15, with Richen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Richen Co., Ltd. (603755) closed at 31.40, up 3.05% with a trading volume of 25,000 shares and a transaction value of 78.11 million yuan [1] - Baoli Food (603170) closed at 14.74, up 2.79% with a trading volume of 44,800 shares and a transaction value of 65.71 million yuan [1] - Anji Food (603696) closed at 12.27, up 2.34% with a trading volume of 98,000 shares [1] - Other notable stocks include: - Anding Yeast (600298) at 42.15, up 1.47% - Haitian Flavoring (603288) at 39.49, up 1.00% [1] Capital Flow - The seasoning and fermentation sector saw a net outflow of 67.73 million yuan from main funds, while retail funds experienced a net inflow of 89.51 million yuan [2] - Retail investors had a net outflow of 21.78 million yuan [2] Individual Stock Capital Flow - Anji Food (603696) had a main fund net inflow of 8.77 million yuan, while retail funds saw a net outflow of 5.08 million yuan [3] - Richen Co., Ltd. (603755) had a main fund net inflow of 5.47 million yuan, with retail funds experiencing a net outflow of 6.47 million yuan [3] - Haitian Flavoring (603288) had a main fund net inflow of 4.10 million yuan, while retail funds had a net outflow of 45.18 million yuan [3]

Core Insights - The seasoning and fermentation sector experienced a decline of 0.51% on September 25, with Zhu Laoliu leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Market Performance - Key stocks in the seasoning and fermentation sector showed mixed performance, with notable declines in several companies: - Zhu Laoliu: closed at 18.91, down 5.83% [2] - ST Jiajia: closed at 6.23, down 2.04% [2] - Baoli Food: closed at 14.22, down 1.80% [2] - Qianhe Flavor: closed at 11.22, down 1.15% [2] - Fuling Pickles: closed at 12.72, down 1.09% [2] - The total net outflow of main funds in the seasoning and fermentation sector was 162 million yuan, while retail investors saw a net inflow of 117 million yuan [2][3] Fund Flow Analysis - The fund flow analysis indicates that: - Baoli Food had a main fund net inflow of 1.70 million yuan, with a retail net outflow of 3.15 million yuan [3] - Anji Food experienced a main fund net outflow of 1.78 million yuan, but a retail net inflow of 4.76 million yuan [3] - ST Jiajia saw a significant main fund net outflow of 10.45 million yuan, with a retail net inflow of 7.23 million yuan [3]

二、 本次减持计划的主要内容 | | | 计划 减持 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 计划减持 | 数量 | | | | 拟减 | | | 股东名 | 数量 | 占总 | 减持 | 减持 | 减持价 | 持股 | 拟减持 | | 称 | （股） | 股本 | 方式 | 期间 | 格区间 | 份来 | 原因 | | | | | | | | 源 | | | | | 比例 | | | | | | | | | （%） | | | | | | | 朱先明 | 不超过 | 1.52% | 集中竞 | 自本公告披露之 | 根据减持 | 北交所 | 个人资金 | | | 1,550,000 | | 价或大 | 日起 30 个交易 | 时市场价 | 上市前 | 需求 | | | 股 | | 宗交易 | 日后的 个月内 3 | 格确定 | 取得 | | | 朱先林 | 不超过 | 0.19% | 集中竞 | 自本公告披露之 | 根据减持 | 北交所 | 个人资金 | | | 190,000 股 | | 价或大 | 日起 30 个交 ...

Core Viewpoint - The seasoning and fermentation products sector experienced a decline of 1.19% on September 24, with XD Haitian leading the drop [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] - The main funds in the seasoning and fermentation products sector saw a net outflow of 94.34 million yuan, while retail investors had a net inflow of 122 million yuan [2] Group 2: Individual Stock Performance - The top-performing stocks in the sector included: - Richen Co., Ltd. (603755) with a closing price of 31.57, up 2.87% and a trading volume of 26,100 lots [1] - Baoli Food (603170) closed at 14.48, up 2.40% with a trading volume of 39,000 lots [1] - Jialong Co., Ltd. (002495) closed at 2.61, up 1.16% with a trading volume of 182,200 lots [1] - XD Haitian (603288) closed at 38.80, down 0.61% with a trading volume of 136,900 lots [2] - Other notable stocks included: - Anji Food (603696) closed at 11.92, up 0.25% with a trading volume of 66,300 lots [2] - Zhongjing Food (300908) closed at 29.68, up 0.44% with a trading volume of 13,600 lots [2]

Market Overview - The seasoning and fermentation sector saw a slight increase of 0.04% on September 19, with Richen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Richen Co., Ltd. (603755) closed at 30.75, up 3.33% with a trading volume of 50,500 shares and a turnover of 152 million yuan [1] - ST Jiajia (002650) closed at 6.49, up 1.41% with a trading volume of 57,400 shares and a turnover of 37.19 million yuan [1] - Tianwei Food (603317) closed at 11.72, up 0.69% with a trading volume of 41,100 shares and a turnover of 47.95 million yuan [1] - Other notable stocks include Zhongju Gaoxin (600872) at 18.80, up 0.59%, and Anqi Yeast (600298) at 39.63, up 0.35% [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 98.62 million yuan from institutional investors, while retail investors saw a net inflow of 7.02 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed some interest [2] Individual Stock Capital Flow - Anqi Yeast (600298) had a net inflow of 7.01 million yuan from institutional investors, but a net outflow of 30.54 million yuan from retail investors [3] - Richen Co., Ltd. (603755) saw a net inflow of 5.98 million yuan from institutional investors and a net outflow of 13.68 million yuan from retail investors [3] - Jiagang Co., Ltd. (002495) had a net inflow of 5.39 million yuan from retail investors, despite a net outflow from institutional investors [3]