格隆汇1月5日丨恒顺醋业(600305.SH)公布，恒顺集团于2025年5月24日至2025年12月31日期间，通过上 海证券交易所系统以集中竞价方式累计增持公司股份1249.35万股，占公司总股本的1.13%，累计增持金 额为人民币9899.86万元（不含交易费用），本次增持计划实施完毕。 ...

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Core Viewpoint - The seasoning and fermentation products sector experienced a decline of 0.37% on December 30, with Anji Food leading the drop [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3965.12, down 0.0%, while the Shenzhen Component Index closed at 13604.07, up 0.49% [1] - The main stocks in the seasoning and fermentation sector showed mixed performance, with Anji Food falling by 10.01% to a closing price of 21.21 [2] Group 2: Trading Volume and Value - Anji Food had a trading volume of 371,300 shares and a transaction value of 800 million yuan, indicating significant trading activity despite the price drop [2] - The overall sector saw a net outflow of 147 million yuan from main funds, while retail investors contributed a net inflow of 123 million yuan [2] Group 3: Individual Stock Performance - Stocks such as Zhu Laoliu and Zhongju Gaoxin showed slight increases of 0.77% and 0.52%, respectively, while others like ST Jiajia and Zhongjing Food experienced minor declines [1][2] - The net inflow of funds varied across stocks, with notable inflows into stocks like Tianwei Food and Baoli Food, while others like ST Jiajia and Hengshun Vinegar faced outflows [3]

Market Overview - The seasoning and fermentation sector increased by 0.17% compared to the previous trading day, with Richen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] Stock Performance - Richen Co., Ltd. (603755) closed at 37.28, up 6.67% with a trading volume of 39,700 lots and a transaction value of 145 million [1] - Lianhua Holdings (600186) closed at 5.93, up 1.02% with a trading volume of 592,300 lots and a transaction value of 350 million [1] - ST Jiajia (002650) closed at 6.72, up 0.60% with a trading volume of 61,500 lots and a transaction value of 40.68 million [1] - Tianwei Food (603317) closed at 12.61, up 0.56% with a trading volume of 38,900 lots and a transaction value of 49.14 million [1] - Other notable stocks include Jieling Pickles (002507) at 13.16, up 0.38%, and Qianhe Flavor Industry (603027) at 9.81, up 0.20% [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 162 million from institutional investors, while retail investors saw a net inflow of 113 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - Richen Co., Ltd. had a net inflow of 20.38 million from institutional investors, but a net outflow of 17.56 million from retail investors [3] - Qianhe Flavor Industry saw a net inflow of 373,540 from institutional investors, but a net outflow of 295,030 from retail investors [3] - Other stocks like Jiajia Co. (002495) and Tianwei Food (603317) also showed varied capital flows, indicating differing investor sentiments across the sector [3]

Quantitative Models and Construction Methods 1. Model Name: Large Order Transaction Amount Ratio - **Model Construction Idea**: This model tracks the buying behavior of large funds by calculating the proportion of large order transaction amounts to the total daily transaction amount[7] - **Model Construction Process**: 1. Use tick-by-tick transaction data to identify buy and sell orders based on bid and ask sequence numbers 2. Filter transactions by order size to identify large orders 3. Calculate the ratio of large buy order transaction amounts to the total daily transaction amount - Formula: $ \text{Large Order Transaction Amount Ratio} = \frac{\text{Large Buy Order Transaction Amount}}{\text{Total Daily Transaction Amount}} $ - **Model Evaluation**: This indicator effectively captures the buying behavior of large funds[7] 2. Model Name: Net Active Buy Amount Ratio - **Model Construction Idea**: This model measures the active buying behavior of investors by calculating the net active buy amount as a proportion of the total daily transaction amount[7] - **Model Construction Process**: 1. Use tick-by-tick transaction data to classify each transaction as either active buy or active sell based on the buy/sell flag 2. Calculate the net active buy amount by subtracting the active sell amount from the active buy amount 3. Compute the ratio of the net active buy amount to the total daily transaction amount - Formula: $ \text{Net Active Buy Amount Ratio} = \frac{\text{Active Buy Amount} - \text{Active Sell Amount}}{\text{Total Daily Transaction Amount}} $ - **Model Evaluation**: This indicator effectively captures the active buying behavior of investors[7] --- Model Backtesting Results 1. Large Order Transaction Amount Ratio - **Top 10 Stocks by 5-Day Average**: - **East Securities (601198.SH)**: 88.1%, 99.6% time-series percentile[9] - **Shanghai Kaibao (300039.SZ)**: 86.3%, 100.0% time-series percentile[9] - **Sanxiang Impression (000863.SZ)**: 86.0%, 99.6% time-series percentile[9] - **Chongqing Steel (601005.SH)**: 86.0%, 78.7% time-series percentile[9] - **Jinzhengda (002470.SZ)**: 85.7%, 89.8% time-series percentile[9] - **Wanlong Optoelectronics (300710.SZ)**: 85.6%, 99.6% time-series percentile[9] - **Yasheng Group (600108.SH)**: 85.5%, 84.4% time-series percentile[9] - **Sinochem International (600500.SH)**: 85.5%, 90.4% time-series percentile[9] - **Chongqing Water (601158.SH)**: 85.2%, 96.7% time-series percentile[9] 2. Net Active Buy Amount Ratio - **Top 10 Stocks by 5-Day Average**: - **Jiuhua Tourism (603199.SH)**: 26.2%, 100.0% time-series percentile[10] - **Bailong Oriental (601339.SH)**: 22.9%, 100.0% time-series percentile[10] - **Zijin Bank (601860.SH)**: 20.2%, 100.0% time-series percentile[10] - **Bailong Chuangyuan (605016.SH)**: 19.5%, 100.0% time-series percentile[10] - **Hengshun Vinegar (600305.SH)**: 17.8%, 100.0% time-series percentile[10] - **Qingfangcheng (600790.SH)**: 17.7%, 99.6% time-series percentile[10] - **Shandong Steel (600022.SH)**: 17.7%, 99.6% time-series percentile[10] - **Shengda Forestry (002259.SZ)**: 17.5%, 100.0% time-series percentile[10] - **Taoli Bread (603866.SH)**: 17.2%, 100.0% time-series percentile[10] - **Jiangsu Sopo (600746.SH)**: 16.8%, 100.0% time-series percentile[10] 3. Broad-Based Indices - **5-Day Average Results**: - **Shanghai Composite Index**: Large Order Ratio 73.7% (82.0% percentile), Net Active Buy Ratio 2.2% (3.7% percentile)[12] - **SSE 50**: Large Order Ratio 71.7% (58.2% percentile), Net Active Buy Ratio 5.8% (92.6% percentile)[12] - **CSI 300**: Large Order Ratio 73.0% (41.0% percentile), Net Active Buy Ratio 2.9% (20.9% percentile)[12] - **CSI 500**: Large Order Ratio 73.8% (86.9% percentile), Net Active Buy Ratio 1.5% (3.3% percentile)[12] - **ChiNext Index**: Large Order Ratio 70.5% (6.1% percentile), Net Active Buy Ratio 0.1% (14.8% percentile)[12] 4. Industry-Level Analysis - **Top Industries by 5-Day Average**: - **Steel**: Large Order Ratio 79.0% (79.1% percentile), Net Active Buy Ratio 12.7% (0.8% percentile)[13] - **Agriculture, Forestry, Animal Husbandry, and Fishery**: Large Order Ratio 77.1% (87.7% percentile), Net Active Buy Ratio 10.8% (3.3% percentile)[13] - **Food and Beverage**: Large Order Ratio 71.5% (95.5% percentile), Net Active Buy Ratio 10.1% (32.8% percentile)[13] - **Real Estate**: Large Order Ratio 78.7% (70.9% percentile), Net Active Buy Ratio 8.8% (9.8% percentile)[13] - **Consumer Services**: Large Order Ratio 75.8% (32.4% percentile), Net Active Buy Ratio 8.9% (13.9% percentile)[13] 5. ETF Analysis - **Top 10 ETFs by Large Order Ratio**: - **Haifutong Shanghai Urban Investment Bond ETF (511220.SH)**: 93.4%, 63.5% percentile[15] - **Fortune Military Industry ETF (512710.SH)**: 92.1%, 100.0% percentile[15] - **Guotai CSI A500 ETF (159338.SZ)**: 91.5%, 19.7% percentile[15] - **Guotai 10-Year Treasury ETF (511260.SH)**: 91.5%, 91.8% percentile[15] - **Penghua National Defense ETF (512670.SH)**: 90.7%, 99.6% percentile[15] - **Top 10 ETFs by Net Active Buy Ratio**: - **Huaxia Food and Beverage ETF (515170.SH)**: 18.2%, 99.6% percentile[16] - **Yinhua 5G Communication ETF (159994.SZ)**: 16.7%, 100.0% percentile[16] - **E Fund CSI 300 Non-Bank ETF (512070.SH)**: 16.0%, 95.9% percentile[16] - **Huatai-PineBridge Dividend Low Volatility ETF (512890.SH)**: 15.7%, 94.3% percentile[16] - **Fortune Agriculture ETF (159825.SZ)**: 15.2%, 96.7% percentile[16]

此外，围绕公司在餐饮渠道拓展、线下终端网点优化方面的落地规划，恒顺醋业还表示，第一公司专门 成立了餐饮渠道事业部，第二公司也要求各地在餐饮端进行餐饮的推广，召开厨师推广会，第三公司针 对餐饮端专门做了产品的开发，同时对各地的经销商对餐饮的推广上有额外的推广力度。公司从现在开 始将加大终端的铺设力度及考核力度，在线下终端能见到恒顺的所有产品，确保公司的产品能够产得出 来，卖得出去。 （企业公告） 谈及导致核心市场收入下滑的主要原因，恒顺醋业回复，核心市场收入下滑主要原因是阶段性的产品结 构调整，但也有市场推广、品牌推广不力造成的。下一步公司将着力打造核心市场，让核心市场的提升 支撑恒顺发展。 近日，恒顺醋业发布公司2025年第三季度业绩说明会召开情况的公告，当中披露，针对醋饮料、口服醋 等产品线规划及进展，恒顺醋业表示，第一口服醋产品市场上一直有，公司将通过增加品类、优化包 装，通过专业医疗机构和专业研究院对醋的健康属性进行研究，来增加醋的健康属性的公信力，来推广 公司的口服醋。第二醋饮料公司正在进行研发。 ...

Group 1 - The seasoning and fermentation sector saw a slight increase of 0.08% on December 18, with Qianhe Flavor Industry leading the gains [1] - The Shanghai Composite Index closed at 3876.37, up 0.16%, while the Shenzhen Component Index closed at 13053.98, down 1.29% [1] - Qianhe Flavor Industry's stock price rose by 2.02% to 65.6, with a trading volume of 189,500 shares and a transaction value of 181 million yuan [1] Group 2 - The main funds in the seasoning and fermentation sector experienced a net outflow of 107 million yuan, while retail investors saw a net inflow of 114 million yuan [2] - The trading data indicates that major stocks like Lianhua Holdings and Fuling Mustard have varying levels of net inflow and outflow among institutional, retail, and speculative investors [3] - For instance, Lianhua Holdings had a net inflow of 14.88 million yuan from major funds, while it faced a net outflow of 21.99 million yuan from speculative funds [3]

证券代码：600305 证券简称：恒顺醋业 公告编号：临 2025-060 江苏恒顺醋业股份有限公司 | 序 | 开户银行名称 | 账户 | 专户账号 | 募投项目 | 账户状态 | | --- | --- | --- | --- | --- | --- | | 号 | | 名称 | | | | | | 江苏银行股份 | 江苏恒 顺醋业 | | 恒顺香醋扩产续建 | | | 1 | 有限公司镇江 | | 70010188000442587 | | 已销户 | | | | 股份有 | | 工程项目（二期） | | | | 分行 | | | | | | | | 限公司 | | | | | 2 | 招商银行股份 有限公司镇江 | 江苏恒 顺醋业 股份有 | 125902092510606 | 年产 10 万吨复合调 味料建设项目 | 已销户 | | --- | --- | --- | --- | --- | --- | | | 分行 | | | | | | | | 限公司 | | | | | 3 | 苏州银行股份 | 江苏恒 | | | 已销户 | | | 有限公司镇江 | 顺醋业 | | 智能立体库 | | | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600305 证券简称：恒顺醋业 公告编号：临2025-059 江苏恒顺醋业股份有限公司 关于召开2025年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对2025年第三季度的经营成果及财务指标的具体情况 与投资者进行互动交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 董事长：郜益农 独立董事：毛健 董事会秘书：魏陈云 重要内容提示： 会议召开时间： 2025年12月19日（星期五）下午14:00-15:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2025年12月12日(星期五)至12月18日(星期四)16:00前登录上证路演中心网站首页点击"提问 预征集"栏目或通过公司邮箱zhengquan@hengshun.cn进行提问。公司将在说明会 ...

Market Overview - The seasoning and fermentation sector increased by 0.38% on December 1, with Anji Food leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Individual Stock Performance - Anji Food (603696) closed at 13.30, up 2.62%, with a trading volume of 212,300 shares and a turnover of 283 million yuan [1] - Zhu Laoliu (920726) closed at 21.39, up 1.81%, with a trading volume of 54,800 shares and a turnover of 116 million yuan [1] - Other notable performers include Shengjing Food (300908) at 28.87 (+0.98%), Qianhe Flavor (603027) at 9.66 (+0.94%), and Tianwei Food (603317) at 13.00 (+0.78%) [1] Capital Flow Analysis - The seasoning and fermentation sector experienced a net outflow of 46.12 million yuan from institutional investors, while retail investors saw a net outflow of 42.92 million yuan [2] - Conversely, speculative funds recorded a net inflow of 89.03 million yuan [2] Detailed Capital Flow for Key Stocks - Lianhua Holdings (600186) had a net inflow of 7.47 million yuan from institutional investors, while retail investors saw a net outflow of 0.56 million yuan [3] - Haidilao (603288) experienced a net inflow of 6.08 million yuan from institutional investors, but a net outflow of 19.71 million yuan from retail investors [3] - Tianwei Food (603317) had a net inflow of 5.99 million yuan from institutional investors, with a significant net outflow of 12.42 million yuan from retail investors [3]