Investment Rating - The report indicates a strong growth potential for the ready-to-eat tonics market, highlighting it as a vibrant segment within the traditional tonic industry [17]. Core Insights - The ready-to-eat tonic market in China has experienced significant growth, doubling in size from 2018 to 2024, and is now a dominant force in the traditional tonic market [17]. - The evolution of ready-to-eat tonics reflects a shift from traditional consumption to modern, convenient formats that cater to the health-conscious younger demographic [13]. - The market is characterized by a diverse range of products, including instant bird's nest, sea cucumber, and herbal tonics, each targeting specific consumer needs [22][9]. Summary by Sections 1. Definition and Classification of Ready-to-Eat Tonics - Ready-to-eat tonics are defined as products based on traditional Chinese medicine and nutritional principles, designed for convenience and immediate consumption [9]. - Key categories include traditional Chinese tonics, medicinal food tonics, and ready-to-eat seafood products, each emphasizing different health benefits [6][7][8]. 2. Development of the Ready-to-Eat Tonic Market in China - The market has evolved through several phases, from traditional tonic consumption to the emergence of ready-to-eat products that appeal to younger consumers [10][11]. - The shift towards convenience and health awareness has driven the growth of ready-to-eat tonics, making them a regular consumption item rather than a luxury [13]. 3. Market Growth and Structure - The ready-to-eat tonic market has shown explosive growth, with projections indicating it will capture a significant share of the traditional tonic market by 2024 [17]. - The market structure is changing, with ready-to-eat products becoming the leading category, reflecting a fundamental shift in consumer habits [17]. 4. Dominant Categories in the Ready-to-Eat Tonic Market - Six main categories dominate the market, with instant bird's nest and instant ginseng showing the highest growth rates [22]. - Instant ginseng has transformed from a traditional tonic to a popular functional beverage among younger consumers [34]. 5. Freshly Stewed Bird's Nest Market - The freshly stewed bird's nest segment has emerged as a significant growth area, driven by innovations in product form and supply chain management [27]. - This segment has seen rapid expansion, with major brands capturing substantial market shares [26]. 6. Instant Ginseng Market - The instant ginseng market is experiencing rapid growth, appealing to younger consumers seeking energy and vitality [34]. - Brands are innovating with packaging and marketing strategies to attract a broader audience [33]. 7. Industry Chain Analysis - The industry chain is characterized by high-value raw materials, innovative processing, and strong brand marketing [39]. - The middle segment of the chain focuses on transforming traditional ingredients into convenient products, emphasizing brand trust and consumer engagement [47]. 8. Future Opportunities and Challenges - The "silver economy" presents a significant opportunity for ready-to-eat tonics, catering to the aging population's needs [56]. - Challenges include raw material supply constraints and the need for brands to establish scientific credibility to regain consumer trust [61][62].

嘉世咨询 MARKET 即食滋补品 2025 MCR 行业简析报告 THE BRIEF MARKET ANALYSIS REPORT ON READY-TO-EAT TONICS 版权归属上海嘉世营销咨询有限公司 商业合作/内容转载/更多报告 ANALYSIS 01.即食滋补品的定义和分类 即食滋补品的分类 即食人参/西洋参饮品、人参果冻、灵芝孢子粉、 黄芪颗粒、秋梨膏、黑芝麻糊（即冲型）。 原料及特征：传统名贵滋补品，以动物或植物 枸杞、芝麻、黄精、山药等）为主要原料，功 精华为主，强调大补、滋阴等传统功效。 效温和，日常保健。 原料及特征：以国家认可的药食同源物质（如 品为主，强调营养和修复作用。 即食中式滋补 药食同源即食 即食海产品 典型产品：即食燕窝、即食花胶、即食阿胶糕、 典型产品：枸杞原浆/原液、芝麻丸、黄精饮、 典型产品：即食海参、海参即食粥、即食鲍鱼。 鹿茸片。 原料及特征：以高蛋白、低脂肪的海产类滋补 数据来源：公开数据整理；嘉世咨询研究结论；图源网络 02中国即食滋补品市场的发展进程 中国即食滋补品的发展时间表 传统滋补时代 随装即食维形期 市场细分品类爆发前夜 即食滋补品爆发与年轻化 ...

Summary of Key Points Core Viewpoint - A total of 30 companies conducted share buybacks on November 12, 2025, with China COSCO Shipping Holdings (01919) leading in terms of buyback amount and quantity. Group 1: Buyback Details - China COSCO Shipping Holdings (01919) repurchased 3 million shares for a total of 43.1382 million yuan, representing 0.770% of its total share capital [1][2] - Sinopec Limited (00386) repurchased 3.708 million shares for 16.5210 million yuan, accounting for 0.110% of its total share capital [2] - China International Marine Containers (02039) repurchased 2 million shares for 14.1189 million yuan, which is 1.090% of its total share capital [2] Group 2: Other Notable Buybacks - China Feihe Limited (06186) repurchased 2 million shares for 8.8511 million yuan, representing 1.074% of its total share capital [2] - AAC Technologies Holdings (02018) repurchased 221,500 shares for 8.8302 million yuan, which is 0.186% of its total share capital [2] - Linklogis Inc. (09959) repurchased 1,208,000 shares for 3.7894 million yuan, accounting for 4.685% of its total share capital [2] Group 3: Additional Companies - Mobi Development (00947) repurchased 50,000 shares for 8.0500 million yuan, which is 0.222% of its total share capital [3] - Tianfu (06868) repurchased 10,000 shares for 30,000 yuan, representing 0.051% of its total share capital [3] - Hylink Digital Solutions (01586) repurchased 80,000 shares for 22,100 yuan, accounting for 4.305% of its total share capital [3]

格隆汇11月12日丨燕之屋(01497.HK)公告，11月12日耗资295万港元回购40万股。 ...

智通财经APP讯，燕之屋(01497)公布，2025年11月12日耗资约295.11万港元回购40万股股份。 ...

| 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01497 | 說明 H股 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年10月31日 | | 463,043,200 | 2,456,800 | | 465,500,000 | | 1). 購回股份 (股份被持作庫存股份) | | | -400,000 0.0864 % | 400,000 HKD | 7.3778 | | | 於 2025年11月12日的購回股份 | | | | | | | | ...

目前清仓活动已经结束，仓库没有发临期的产品，"是没有及时关闭备注功能，导致订单也被自动备注 上，目前已经关闭自动备注功能。" 据正在新闻报道，11月11日，福建厦门，消费者反映，在直播间购买燕之屋燕窝，商家后台标注"发临 期"。商家后台图片显示，消费者花费709元购买10瓶45g燕窝，订单备注上被标注"不审，发临期"。 11月12日，燕之屋官方旗舰店客服告诉《正在新闻》，备注是自动备注，之前订单链接做过临期清仓活 动，所以会自动备注上临期。 【#消费者买燕之屋燕窝被备注发临期#，客服回应：自动备注，备注错误】#燕之屋回应给消费者标注 发临期# ...

致：香港交易及結算所有限公司 公司名稱: 廈門燕之屋燕窩產業股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01497 | 說明 | H 股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 465,500,000 | RMB | | 0.2 RMB | | 93,100,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 465,500,000 | RMB | | 0.2 RMB | | 93,100,000 | ...

Core Viewpoint - On October 31, 33 Hong Kong-listed companies conducted share buybacks, totaling 21.84 million shares and an aggregate amount of HKD 152 million [1][2]. Group 1: Buyback Details - China COSCO Shipping Holdings (中远海控) repurchased 3 million shares for HKD 40.71 million, with a highest price of HKD 13.750 and a lowest price of HKD 13.350, bringing its total buyback amount for the year to HKD 4.447 billion [1][2]. - Guo Sheng Tang (固生堂) repurchased 582,000 shares for HKD 16.59 million, with a highest price of HKD 28.680 and a lowest price of HKD 28.340, totaling HKD 284 million in buybacks for the year [1][2]. - Sinopec Limited (中国石油化工股份) repurchased 3.652 million shares for HKD 15.12 million, with a highest price of HKD 4.170 and a lowest price of HKD 4.110, accumulating HKD 871 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on October 31 was from China COSCO Shipping Holdings at HKD 40.71 million, followed by Guo Sheng Tang at HKD 16.59 million [1][2]. - In terms of share quantity, Sinopec Limited led with 3.652 million shares repurchased, followed by China COSCO Shipping Holdings with 3 million shares and Linklogis Technology (联易融科技-W) with 2.34 million shares [1][2].

Core Viewpoint - Yan Zhi Wu (01497) announced a share buyback plan, intending to repurchase 220,000 shares at a cost of approximately HKD 1.7559 million by October 31, 2025 [1] Company Summary - The company plans to execute the buyback of 220,000 shares, indicating a strategic move to enhance shareholder value [1] - The total expenditure for the buyback is estimated at HKD 1.7559 million, reflecting the company's commitment to returning capital to shareholders [1]