11月10日，中炬高新盘中上涨2.03%，截至13:01，报18.64元/股，成交1.45亿元，换手率1.02%，总市值 145.11亿元。 资金流向方面，主力资金净流入1269.74万元，特大单买入496.03万元，占比3.42%，卖出152.79万元， 占比1.05%；大单买入3818.97万元，占比26.34%，卖出2892.47万元，占比19.95%。 中炬高新所属申万行业为：食品饮料-调味发酵品Ⅱ-调味发酵品Ⅲ。所属概念板块包括：调味品、中 盘、参股新三板、稀土永磁、融资融券等。 截至9月30日，中炬高新股东户数6.49万，较上期减少4.54%；人均流通股11884股，较上期增加4.76%。 2025年1月-9月，中炬高新实现营业收入31.56亿元，同比减少20.01%；归母净利润3.80亿元，同比减少 34.07%。 分红方面，中炬高新A股上市后累计派现24.13亿元。近三年，累计派现6.32亿元。 机构持仓方面，截止2025年9月30日，中炬高新十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股3611.21万股，相比上期减少1074.81万股。南方中证500ETF（510500）位 ...

Market Overview - The seasoning and fermentation sector increased by 0.56% compared to the previous trading day, with ST Jiajia leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - ST Jiajia (002650) closed at 7.20, up 1.98% with a trading volume of 85,900 shares and a turnover of 61.65 million yuan [1] - Qianhe Flavor (603027) closed at 9.75, up 1.67% with a trading volume of 306,200 shares and a turnover of 301 million yuan [1] - Anji Food (603696) closed at 13.55, up 1.42% with a trading volume of 319,900 shares and a turnover of 427 million yuan [1] - Other notable stocks include Tianwei Food (603317) at 12.53 (+1.05%), Haidilao (603288) at 37.97 (+0.69%), and Zhongju Gaoxin (600872) at 18.27 (+0.50%) [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 75.19 million yuan from institutional investors, while retail investors saw a net inflow of 98.49 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are more active [2] Individual Stock Capital Flow - Zhongju Gaoxin (600872) had a net inflow of 7.39 million yuan from institutional investors, while retail investors contributed a net inflow of 972.95 million yuan [3] - Qianhe Flavor (603027) saw a net inflow of 7.27 million yuan from institutional investors, but a net outflow of 910.75 million yuan from retail investors [3] - ST Jiajia (002650) experienced a net outflow of 120,100 yuan from institutional investors, with retail investors contributing a net inflow of 250.36 million yuan [3]

Core Insights - The soy sauce market in China is experiencing a cooling trend, with significant performance differentiation among leading companies [2][4] Group 1: Company Performance - Haitian Flavor Industry (海天味业) is the only company to achieve both revenue and net profit growth in the first three quarters, with revenue of 21.628 billion yuan, up 6.02%, and net profit of 5.322 billion yuan, up 10.54% [2][3] - Zhongju High-tech (中炬高新) reported its largest revenue decline since 2016, with revenue of 3.156 billion yuan, down 20.01%, and net profit of 380 million yuan, down 34.07% [2][3] - ST Jiajia (ST加加) remains in a loss position, with revenue of 1.009 billion yuan, down 2.65%, and a net loss of 18.0368 million yuan [3][5] Group 2: Market Trends - The soy sauce market is projected to reach 104.1 billion yuan by 2024, with a five-year compound annual growth rate of only 2.3%, lower than the overall seasoning industry growth rate of 4.5% [3][4] - The industry is facing a "Matthew Effect," where stronger companies continue to dominate, making it challenging for others to find new growth points in a saturated market [1][4] Group 3: Strategic Initiatives - Haitian Flavor Industry plans to use 20% of its fundraising for overseas market expansion, starting with Southeast Asia, where a production base in Indonesia is under construction [4][5] - Zhongju High-tech is enhancing its marketing efforts by signing celebrity endorsements and increasing the number of distributors, although this has led to rising sales expenses [4][5] - ST Jiajia is focusing on a "low-salt strategy" and has developed new low-salt products, but its recent change in ownership structure adds uncertainty to its future [5]

Core Insights - The seasoning and fermentation sector saw a 0.37% increase on November 6, with Angel Yeast leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Angel Yeast (600298) closed at 38.44, up 2.97% with a trading volume of 93,800 shares and a turnover of 360 million yuan [1] - Tianwei Food (603317) closed at 12.40, up 2.06% with a trading volume of 81,800 shares and a turnover of 101 million yuan [1] - Qianhe Flavor (603027) closed at 65.6, up 1.37% with a trading volume of 182,500 shares and a turnover of 176 million yuan [1] - ST Jiajia (002650) closed at 7.06, up 0.57% with a trading volume of 49,900 shares and a turnover of 35.3 million yuan [1] - Other notable stocks include: - Jialong Co. (002495) at 2.82, up 0.36% [1] - Fuling Pickles (002507) at 13.32, up 0.30% [1] - Zhongju Gaoxin (600872) at 18.18, up 0.22% [1] - Hengshun Vinegar (600305) at 8.15, up 0.12% [1] - Haitian Flavor (603288) at 37.71, up 0.05% [1] - Anji Food (603696) at 13.36, down 0.15% [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 142 million yuan from institutional investors, while retail investors saw a net inflow of 124 million yuan [2] - The detailed capital flow for key stocks includes: - Anji Food (603696) saw a net inflow of 6.38 million yuan from institutional investors [3] - ST Jiajia (002650) had a net inflow of 5.95 million yuan from retail investors [3] - Tianwei Food (603317) experienced a net outflow of 5.04 million yuan from institutional investors [3] - Angel Yeast (600298) had a net outflow of 8.27 million yuan from institutional investors [3]

Core Points - The company announced the repurchase and cancellation of 481,978 restricted stocks due to changes in the eligibility of incentive plan participants [1] - The cancellation is a result of two individuals leaving voluntarily, two individuals terminating contracts through negotiation, and three individuals retiring [1] - The cancellation date for the stocks is set for November 10, 2025 [1] Summary by Category Company Actions - The company will repurchase and cancel a total of 481,978 restricted stocks that were granted but not yet released from restrictions [1] - The decision is based on the departure of several individuals from the incentive plan [1] Incentive Plan Changes - Two individuals left the company voluntarily, two had their contracts terminated through mutual agreement, and three retired, leading to their ineligibility for the incentive plan [1] - The company is adhering to relevant regulations regarding the adjustment of the incentive plan participants [1]

中炬高新 2025 年第四次临时股东会会议资料 中炬高新技术实业（集团）股份有限公司 2025 年第四次临时股东会会议资料 会议时间：2025 年 11 月 11 日 14 点 30 分 会议地点：广东省中山市火炬开发区厨邦路 1 号 广东美味鲜调味食品有限公司综合楼 904 中炬高新 2025 年第四次临时股东会会议资料 六、讨论、审议，并对上述议案进行表决； 七、董事长宣读表决结果； 八、会议结束。 1 中炬高新 2025 年第四次临时股东会议程 一、董事长主持会议，并宣布会议开始； 二、选举会议计票员、监票员； 三、审议关于增补李军威先生为第十一届董事会非独立董事的议 案； 四、审议《中炬高新董事会议事规则》（2025年10月修订）； 五、审议《中炬高新股东会累积投票制实施细则》（2025年10月修 订）； 中炬高新 2025 年第四次临时股东会会议资料 中炬高新技术实业（集团）股份有限公司 关于增补李军威先生为第十一届董事会 非独立董事的议案 各位股东： 依据中炬高新技术实业（集团）股份有限公司（以下简称：公司） 章程规定，公司董事会由 9 名董事组成，目前公司第十一届董事会已 选举 8 名董事，需补 ...

中炬高新技术实业（集团）股份有限公司（以下简称：中炬高新 或公司）于 2025 年 8 月 27 日召开第十一届董事会第三次会议，审议 通过《关于回购注销 2024 年部分限制性股票的议案》，同意公司对 部分激励对象已获授但尚未解除限售的共计 481,978 股限制性股票进 行回购注销。具体内容详见公司于 2025 年 8 月 28 日在上海证券交易 所网站（http://www.sse.com.cn）披露的《中炬高新关于回购注销 2024 年部分限制性股票的公告》（公告编号：2025-049）。 证券代码：600872 证券简称：中炬高新 公告编号：2025-064 中炬高新技术实业（集团）股份有限公司 股权激励限制性股票回购注销实施公告 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。 重要内容提示： ●回购注销原因：公司 2024 年限制性股票激励计划授予的激励对 象中有 7 人因离职或退休不再符合激励对象条件 ●本次注销股份的有关情况： | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | --- ...

北京市汉坤（深圳）律师事务所 关于 中炬高新技术实业（集团）股份有限公司 2024 年限制性股票激励计划 部分限制性股票回购注销的 法律意见书 汉坤（证）字[2025]第 40908-1-O-4 号 中国广东省深圳市福田区中心四路 1-1 号嘉里建设广场第三座 20 层 518048 电话：(86 755) 3680 6500；传真：(86 755) 3680 6599 北京 上海 深圳 海口 武汉 香港 新加坡 纽约 硅谷 www.hankunlaw.com 北京市汉坤（深圳）律师事务所 法律意见书 1.本所及经办律师根据《公司法》《证券法》《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意 见书出具日以前已经发生或者存在的事实，严格履行法定职责，遵循勤勉尽责和 诚实信用原则，进行核查验证，保证本法律意见书所认定的事实真实、准确、完 整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗 漏，并承担相应法律责任。 2.本法律意见书的出具已得到中炬高新的如下保证：中炬高新已向本所提供为 出具本法律意见书所必须的、真实、有效的原始书面材料、副本材 ...

Core Viewpoint - The chairman of Zhongju High-tech Industry (Group) Co., Ltd. has increased his stake in the company, reflecting confidence in its future development and value recognition [2]. Group 1: Shareholding Activity - Chairman Li Ruxiong purchased 100,500 shares, representing 0.0129% of the total share capital, for a total amount of RMB 1,826,590.00 [2]. - Li Ruxiong committed to not reducing his shareholding within the legal timeframe, and this transaction does not trigger any obligation for a report on equity changes [2]. Group 2: Company Overview - Zhongju High-tech was established on January 16, 1993, with a registered capital of RMB 77,899.1206 million, and is located in Zhongshan Torch High-tech Industrial Development Zone [2]. - The company specializes in seasoning food, park operation, and urban development, employing 3,910 people [2]. - It has 18 subsidiaries, including Shenzhen Meiwai Xian Trading Co., Ltd. and Guangdong Meiwai Xian Seasoning Food Co., Ltd. [2]. Group 3: Financial Performance - The company's revenue for 2022, 2023, 2024, and the first three quarters of 2025 were RMB 5.341 billion, RMB 5.139 billion, RMB 5.519 billion, and RMB 3.156 billion, with year-on-year growth rates of 4.41%, -3.78%, 7.39%, and -20.01% respectively [3]. - The net profit attributable to shareholders for the same periods were -RMB 0.592 billion, RMB 1.697 billion, RMB 0.893 billion, and RMB 0.380 billion, with year-on-year growth rates of -179.82%, 386.53%, -47.37%, and -34.07% respectively [3]. - The company's asset-liability ratios were 44.33%, 22.60%, 29.95%, and 27.36% for the respective years [3].

（编辑 姚尧） 证券日报网讯 11月4日晚间，中炬高新发布公告称，公司董事长黎汝雄先生于2025年11月3日及2025年 11月4日通过沪港通账户在上海证券交易所交易系统以集中竞价方式增持公司A股股份，资金来源为自 有资金，增持金额合计为人民币1，826，590.00元，增持公司股份合计100，500股，占公司目前总股本 的0.0129%。 ...