"亲亲我的果冻～"这句亲亲果冻的经典广告语，在20世纪 90年代通过电视广告广泛传播，成了80后、90后的童年记忆。 作为80后、90后的果冻"白月光"，亲亲食品集团（开曼）股份有限公司（以下简称"亲亲食品"）如今再一次陷入了业绩下行的"困局"。 2025年上半年，亲亲食品营业收入同比下滑6.0%、毛利同比下滑10.2%。此外，公司核心产品果冻、膨化食品的销售额也开始下滑。 2024年，亲亲食品曾靠收缩投资扭亏，但主业竞争力不足、产品创新滞后、研发投入不明的问题仍存隐忧，转型之路充满挑战。 出品 | 子弹财经 作者 | 左星月 编辑 | 王亚静 美编 | 倩倩 审核 | 颂文 在中国东南沿海，福建凭借山海交汇的地理条件、积淀深厚的商业传统，成为资本与企业聚集的区域之一。 在休闲食品领域，福建也孕育出不少具有行业影响力的企业和从业者，包括盼盼食品的蔡金垵、达利食品的许世辉、福马食品的柯永开、回头客的黄福 阳，以及亲亲食品的创始人吴火炉。 其中，吴火炉出生在晋江安海的一个小村子。1985年，23岁的吴火炉筹集5万元创办了晋江安海梧埭面粉厂。此后三年，他的面粉厂增加到三家。 恰逢一位新加坡人到厦门投资生产虾条，卖得 ...

证券时报·数据宝统计显示，8月25日有9家香港上市公司进行了股份回购，合计回购180.64万股，回购金 额5.77亿港元。 腾讯控股回购数量89.50万股，回购金额5.51亿港元，回购最高价为620.000港元，最低价为608.500港 元，年内累计回购金额433.47亿港元；恒生银行回购数量20.00万股，回购金额2269.68万港元，回购最 高价为113.900港元，最低价为112.700港元，年内累计回购金额3.86亿港元；北森控股回购数量20.00万 股，回购金额159.88万港元，回购最高价为8.090港元，最低价为7.860港元，年内累计回购金额3425.58 万港元。 以金额进行统计，8月25日回购金额最多的是腾讯控股，回购金额为5.51亿港元；其次是恒生银行，回 购金额为2269.68万港元；回购金额居前的还有北森控股、归创通桥等。回购数量上看，8月25日回购股 数最多的是腾讯控股，当日回购量为89.50万股；其次是亲亲食品、北森控股等，回购数量分别为32.00 万股、20.00万股。 8月25日港股公司回购一览 | 代码 | 简称 | 回购股数 | 回购金额（万 | 回购最高价 | 回购最低 ...

格隆汇8月25日丨亲亲食品(01583.HK)公告，8月25日耗资40.6万港元回购32万股。 ...

智通财经APP讯，亲亲食品(01583)发布公告，于2025年8月25日，该公司斥资40.63万港元回购32万股。 ...

FF305 表格類別： 股票 狀態： 新提交 公司名稱： 親親食品集團（開曼）股份有限公司（於開曼群島註冊成立的有限公司） 呈交日期： 2025年8月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01583 | 說明 | | | | | | 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 | ...

Core Insights - The company reported a revenue of 530 million yuan for the fiscal year ending June 30, 2025, representing a 6% decline year-on-year [1] - Gross profit was 154 million yuan, down 10.2% compared to the previous year, with a gross margin of 29.1% [1] - Net profit attributable to shareholders was 21.55 million yuan, reflecting a significant decrease of 34.3% year-on-year [1] Business Challenges - The company faces challenges from a reduction in traditional sales channels and intensified competition from emerging snack brands [1] - Sales of jelly products saw the most significant decline, while puffed and seasoning products also experienced a downward trend [1] - Conversely, sales of candy and other products showed a slight increase [1] Strategic Adjustments - The company plans to continue adjusting its product strategy and strengthen brand influence to adapt to market changes [1] - There has been some growth in OEM (Original Equipment Manufacturer) and export businesses, indicating a potential area for future development [1]

[Financial Summary](index=1&type=section&id=Financial%20Summary) [Key Financial Performance and Ratios](index=1&type=section&id=Key%20Financial%20Performance%20and%20Ratios) The company experienced significant financial decline for the six months ended June 30, 2025, with revenue down 6.0% to RMB 529.7 million and profit attributable to equity holders dropping 34.3% to RMB 21.55 million Key Financial Data for H1 2025 | Metric | For the six months ended June 30, 2025 (RMB Thousand) | For the six months ended June 30, 2024 (RMB Thousand) | Change | | :--- | :--- | :--- | :--- | | **Revenue** | 529,747 | 563,585 | -6.0% | | **Gross Profit** | 154,203 | 171,722 | -10.2% | | **Gross Profit Margin** | 29.1% | 30.5% | -1.4 percentage points | | **Profit Attributable to Equity Holders** | 21,551 | 32,809 | -34.3% | | **Adjusted EBITDA** | 70,209 | 78,790 | -10.9% | | **Basic Earnings Per Share** | RMB 0.029 | RMB 0.043 | -32.6% | | **Net Cash Position** | 277,100 | (As of 2024/12/31: 415,079) | -33.2% | [Interim Condensed Consolidated Financial Information](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Financial%20Information) [Interim Condensed Consolidated Statement of Profit or Loss](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) Revenue for the period decreased 6.0% to RMB 529.7 million, resulting in a 17.0% drop in operating profit to RMB 29.45 million and a 34.3% decline in profit for the period to RMB 21.55 million Summary of Interim Condensed Consolidated Statement of Profit or Loss | Item | H1 2025 (RMB Thousand) | H1 2024 (RMB Thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 529,747 | 563,585 | -6.0% | | Gross Profit | 154,203 | 171,722 | -10.2% | | Operating Profit | 29,452 | 35,476 | -17.0% | | Profit for the Period | 21,551 | 32,809 | -34.3% | | Basic Earnings Per Share | RMB 0.029 | RMB 0.043 | -32.6% | [Interim Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) Total comprehensive income for the period was RMB 26.78 million, a 17.8% year-on-year decrease, primarily due to lower profit for the period, partially offset by RMB 5.23 million in property revaluation gains - Total comprehensive income for the period was **RMB 26.78 million**, a **17.8% year-on-year decrease**, primarily due to lower profit for the period, but partially offset by **RMB 5.23 million** in property revaluation gains[7](index=7&type=chunk) [Interim Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets decreased 13.4% to RMB 1.683 billion, total liabilities dropped 37.6% to RMB 452 million, and total equity slightly increased 1.0% to RMB 1.232 billion Key Balance Sheet Item Changes | Item | As of June 30, 2025 (RMB Thousand) | As of Dec 31, 2024 (RMB Thousand) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,683,404 | 1,943,865 | -13.4% | | Total Liabilities | 451,865 | 724,004 | -37.6% | | Total Equity | 1,231,539 | 1,219,861 | +1.0% | | Cash and Bank Balances | 427,201 | 587,546 | -27.3% | | Inventories | 91,809 | 129,174 | -28.9% | | Accounts and Bills Payable | 155,925 | 316,148 | -50.7% | [Interim Condensed Consolidated Statement of Cash Flows](index=8&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) The company experienced a significant deterioration in cash flow, with net cash outflow from operating activities of RMB 107 million and a net decrease in cash and cash equivalents of RMB 70.02 million Summary of Cash Flow Statement | Item | H1 2025 (RMB Thousand) | H1 2024 (RMB Thousand) | | :--- | :--- | :--- | | Net Cash from Operating Activities | (107,002) | 42,404 | | Net Cash from Investing Activities | 74,447 | (80,359) | | Net Cash Used in Financing Activities | (37,468) | (20,432) | | **Net Decrease in Cash and Cash Equivalents** | **(70,023)** | **(58,387)** | [Management Discussion and Analysis](index=33&type=section&id=Management%20Discussion%20and%20Analysis) [Industry Environment and Business Review](index=33&type=section&id=Industry%20Environment%20and%20Business%20Review) The company's H1 2025 performance was impacted by intense market competition and channel shifts, resulting in a 6.0% revenue decrease to RMB 529.7 million and a 34.3% net profit decline to RMB 21.6 million - The industry faces rapid development of emerging casual snack chain channels, impacting traditional channels, alongside increased consumer price sensitivity and intensified market competition[79](index=79&type=chunk) - The **6.0% revenue decrease** was primarily due to reduced sales from traditional channels, partially offset by increased sales to casual food chains, OEM manufacturing, and export businesses[81](index=81&type=chunk) - The decline in net profit was influenced by three factors: (i) decreased gross profit due to lower revenue; (ii) a one-time gain of **RMB 5.5 million** from the disposal of the Hubei Xiantao production base; and (iii) a one-time impairment loss of **RMB 5.4 million** from the termination of the Hubei Xiaogan construction project[82](index=82&type=chunk) [Segment Performance](index=35&type=section&id=Segment%20Performance) Segment performance was mixed, with jelly products revenue down 6.6% and gross margin declining, while seasoning products saw a 17.6% revenue decrease but improved gross margin, and candy and other products grew 0.7% Sales and Gross Profit Performance by Business Segment (H1 2025) | Business Segment | Sales (RMB Million) | Year-on-Year Change | Gross Profit (RMB Million) | Gross Profit Margin | Gross Profit Margin Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Jelly Products | 316.4 | -6.6% | 92.2 | 29.1% | -2.3 ppt | | Puffed Products | 149.0 | -2.9% | 43.3 | 29.1% | +0.1 ppt | | Seasoning Products | 34.2 | -17.6% | 12.5 | 36.5% | +0.9 ppt | | Candy and Others | 30.2 | +0.7% | 6.2 | 20.6% | +0.2 ppt | [Cost and Expense Analysis](index=37&type=section&id=Cost%20and%20Expense%20Analysis) The company effectively controlled costs, with distribution and selling expenses decreasing 4.6% to RMB 64.3 million and administrative expenses falling 3.2% to RMB 66.5 million - Distribution and selling expenses decreased by **4.6%**, primarily due to reduced employee bonuses and transportation costs in line with lower sales[89](index=89&type=chunk) - Administrative expenses decreased by **3.2%**, mainly due to a combined **RMB 2.5 million** reduction in depreciation of property, plant, and equipment and property taxes[90](index=90&type=chunk) [Strategic Development and Product Development](index=39&type=section&id=Strategic%20Development%20and%20Product%20Development) The company focuses on product innovation and upgrades to align with healthy consumption trends, launching new products in jelly and puffed snack categories and offering customized seasoning solutions - Product development focuses on meeting healthy, nutritious, and delicious consumption trends, such as launching non-fried, trans-fat-free "Seaweed Crispy Fruit" puffed snacks[95](index=95&type=chunk)[96](index=96&type=chunk) - The seasoning product business will continue to provide customized products and services to catering chains and supply chain clients, seeking growth opportunities in the industrialization of catering[96](index=96&type=chunk) [Promotion, Marketing and Channel Expansion](index=40&type=section&id=Promotion%2C%20Marketing%20and%20Channel%20Expansion) The company is actively transforming its sales channels by leveraging social media, expanding into emerging retail formats, and growing export and OEM businesses to offset traditional channel declines - The company is shifting from traditional to emerging channels, focusing on expanding into casual snack brand stores, convenience stores, and campus stores, achieving significant sales growth through these new channels[100](index=100&type=chunk) - E-commerce strategy has been adjusted to reduce sales of low-margin products and increase the proportion of high-margin self-produced products to enhance overall profitability[100](index=100&type=chunk) - The company is actively expanding export trade and OEM manufacturing businesses, successfully acquiring new international clients and achieving continuous growth in OEM sales during the reporting period[101](index=101&type=chunk) [Future Outlook and Strategies](index=43&type=section&id=Future%20Outlook%20and%20Strategies) The company's future strategy centers on product innovation, expanding sales channels, optimizing production, enhancing internal management through digitalization, and seeking synergistic investment opportunities for long-term growth - Core future strategies include: * **Product Innovation**: Adhering to a multi-category and high cost-performance strategy, optimizing the product portfolio * **Channel Expansion**: Consolidating existing networks and actively developing new channels such as casual snack brand stores and catering * **Production Optimization**: Improving production processes, enhancing efficiency, and moving towards green production * **Management Enhancement**: Strengthening digital transformation to improve operational efficiency * **Strategic Investment**: Seeking investment opportunities with synergistic effects to the core business[105](index=105&type=chunk)[108](index=108&type=chunk) [Other Financial and Corporate Information](index=44&type=section&id=Other%20Financial%20and%20Corporate%20Information) [Liquidity and Capital Resources](index=44&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a robust net cash position of RMB 277 million as of June 30, 2025, with an improved current ratio of 1.7 times, despite a decrease in net cash due to repayment of bills payable Liquidity Indicators | Metric | As of June 30, 2025 | As of Dec 31, 2024 | | :--- | :--- | :--- | | Cash and Bank Balances | RMB 427 million | RMB 588 million | | Bank Loans | RMB 150 million | RMB 172 million | | **Net Cash Position** | **RMB 277 million** | **RMB 415 million** | | Net Current Assets | RMB 235 million | RMB 182 million | | Current Ratio | 1.7 times | 1.3 times | [Human Resources and Foreign Exchange Risk](index=46&type=section&id=Human%20Resources%20and%20Foreign%20Exchange%20Risk) The group maintained approximately 2,400 employees with a slight increase in benefit expenses, and faced minimal foreign exchange risk due to predominantly RMB-denominated domestic operations - Employee count remained stable at approximately **2,400**, with total employee benefit expenses of **RMB 99.1 million**, a slight year-on-year increase[113](index=113&type=chunk) - Foreign exchange risk is minimal, with primary operations in China and functional currency as RMB, recording a foreign exchange loss of **RMB 0.8 million** during the period[114](index=114&type=chunk) [Dividend Policy](index=47&type=section&id=Dividend%20Policy) The Board of Directors decided not to declare an interim dividend for the six months ended June 30, 2025, consistent with the prior year's policy - The Board of Directors did not declare an interim dividend for the six months ended June 30, 2025[115](index=115&type=chunk) [Corporate Governance and Compliance](index=47&type=section&id=Corporate%20Governance%20and%20Compliance) The company confirmed compliance with corporate governance codes and the Model Code for Securities Transactions by Directors, with interim results reviewed by the Audit Committee and external auditor - The company confirmed compliance with all provisions of the Corporate Governance Code during the reporting period[116](index=116&type=chunk) - The interim results have been reviewed by the Audit Committee and the company's auditor[121](index=121&type=chunk)

Core Insights - Fujian province has become a significant hub for the leisure food industry in China, driven by its unique geographical advantages, rich natural resources, and deep-rooted business culture [1][42] - The success of various companies in this sector is attributed to their innovative spirit, market insight, and collaborative strategies, which have collectively supported the growth of the industry [1][45] Company Summaries Panpan - Cai Jin'an - Cai Jin'an, after facing early educational setbacks, started his entrepreneurial journey by selling various food items and eventually founded Panpan Food in 1996, named after the mascot of the 1990 Beijing Asian Games [4][5] - The company gained fame for its innovative "modified potato chips," which featured a bright color, low oil content, and long shelf life, leading to widespread popularity [5][6] - Panpan has been a prominent sponsor in major sports events, including the Tokyo 2020 Olympics and the Paris 2024 Olympics, establishing itself as a trusted brand in the sports nutrition sector [6][7] Dali - Xu Shihui - Xu Shihui founded Dali Food after recognizing the potential in the snack market, initially starting with a small food factory and later expanding into a multi-brand strategy [9][10] - Dali has successfully launched several popular products, including Dali Garden Egg Yolk Pie and Kexi Potato Chips, becoming a household name in China [10][11] - After its IPO, Xu Shihui's family wealth peaked at 50.6 billion, making him the richest person in Fujian for several consecutive years [11] Yake - Chen Tianjiang - Chen Tianjiang transitioned from a trader to a manufacturer by founding Yake Food in 1993, focusing on innovative products like vitamin-infused candies [13][14] - The company has established itself as a leader in the candy market, emphasizing research and development to create unique products [14] Qinqin - Wu Huo Lu - Wu Huo Lu started Qinqin Food in 1991, initially focusing on shrimp chips, and became one of the earliest companies in China to produce leisure snacks [16][19] - The company underwent a significant transformation in 1998 by adopting a shareholding system, enhancing transparency and operational efficiency [19][20] Fuma - Ke Yongkai - Ke Yongkai founded Fuma Food, initially producing canned goods before shifting focus to leisure snacks, achieving an annual output value of 2 billion by 1999 [24][25] - Under his leadership, Fuma has grown into a large food enterprise with a diverse product range, including cakes and snacks [25] Huitouke - Huang Fuyang - Huang Fuyang established Huitouke Food in 2006, specializing in the production of "tongluo cake," which became a popular snack in China [27][28] - The brand has consistently focused on product innovation and quality, leading to significant market recognition and sales success [28][29] Haocaitou - Chen Zhongshi - Chen Zhongshi founded Haocaitou Food in 2005, focusing on innovative products that cater to changing consumer preferences, such as the "Xiaoyang" series of snacks [32][33] - The company has successfully launched several best-selling products, leveraging effective marketing strategies to reach younger consumers [33] Haoshi - Ye Yuehui - Ye Yuehui began his journey in the baking industry at a young age and founded Haoshi Food, which has grown significantly by introducing innovative products like yogurt pocket bread [36][41] - The company emphasizes automation and quality control in its production processes, aiming to establish a global presence in the baking sector [41] Industry Overview - The leisure food industry in Fujian has seen remarkable growth, with a collective annual output value exceeding 100 billion, showcasing the province's pivotal role in China's snack market [43][44] - The entrepreneurial spirit of Fujian's business leaders reflects a broader trend of innovation and transformation within China's economy, moving from imitation to original creation [44][45]

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7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 親親食品集團 (開曼) 股份有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01583 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Qinqin Foodstuffs Group (Cayman) Company Limited 親親食品集團（開曼）股份有限公司 （於開曼群島註冊成立的有限公司） 香港，二零二五年七月三十一日 於本公告日期，本公司董事會包括 8 名董事，其中三名為執行董事，即許清流先生（主 席）、黃偉樑先生（財務總監兼公司秘書）及吳文旭先生 ( 行政總裁 ) ；兩名為非執行董 事，即施文博先生及吳銀行先生；以及三名為獨立非執行董事，即陳耀輝先生、保羅希 爾先生及譚文杰女士。 董事會會議召開日期 親親食品集團(開曼)股份有限公司（「本公司」）之董事會（「董事會」）宣佈， 本公司將於二零二五年八月十五日（星期五）舉行董事會會議，藉以(其中包括) 批准本公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績，及考 慮派付中期股息(如有)。 承董事會命 親親食品集團（開曼）股份有限公司 主席兼執行董事 許清流 （股份代號 ...