证券代码：603170 证券简称：宝立食品 公告编号：2026-003 上海宝立食品科技股份有限公司 关于公司及子公司向银行申请综合授信额度的公告 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法律责任。 为提高工作效率，及时办理融资业务，在公司章程及相关法律法规规定的 决策权限内授权公司管理层、财务部门洽谈和办理相关事宜。上述授信额度及 授权期限自本次董事会审议通过之日起 12 个月内。授信期限内，授信额度可循 环使用。 根据公司相关规定，本次向银行申请综合授信额度的事项在董事会审批权 限内，无需提交公司股东会审议。 特此公告。 上海宝立食品科技股份有限公司董事会 2026 年 2 月 5 日 上海宝立食品科技股份有限公司（以下简称"公司"）于 2026 年 2 月 4 日 召开第二届董事会第十六次会议，审议通过了《关于公司及子公司向银行申请 综合授信额度的议案》。具体情况如下： 因经营发展需要，结合公司当前的生产经营和资金需求状况，公司及合并 报表范围内子公司拟向银行等金融机构申请不超过人民币 200,000 万元（含本 数）的综合 ...

经全体董事认真审议，本次会议通过了如下议案： 证券代码：603170 证券简称：宝立食品 公告编号：2026-002 上海宝立食品科技股份有限公司 第二届董事会第十六次会议决议公告 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法律责任。 一、董事会会议召开情况 上海宝立食品科技股份有限公司（以下简称"公司"）第二届董事会第十六 次会议于 2026 年 2 月 4 日以现场结合通讯表决方式召开。 会议通知已于 2026 年 1 月 30 日以电话、电子邮件等方式发出。本次会议由 董事长马驹先生主持，应出席董事 9 名，实际出席董事 9 名。本次会议的召集、 召开符合《中华人民共和国公司法》等有关法律法规、规范性文件和《公司章程》 的有关规定。 二、董事会会议审议情况 （一）审议通过《关于公司及子公司向银行申请综合授信额度的议案》 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）及《中国 证券报》《上海证券报》《证券时报》《证券日报》和《经济参考报》上披露的《关 于公司及子公司向银行申请综合授信额度的公告》（公告编 ...

Group 1 - The seasoning and fermentation sector increased by 0.83% compared to the previous trading day, with Zhongju Gaoxin leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the seasoning and fermentation sector showed various performance, with Zhongju Gaoxin closing at 18.31, up 2.35%, and Jieling Pickles at 13.38, up 1.98% [1] Group 2 - The main capital inflow in the seasoning and fermentation sector was 24.37 million yuan, while retail investors experienced a net outflow of 13.68 million yuan [2] - The capital flow for individual stocks showed that Hai Tian Wei Ye had a net inflow of 56.30 million yuan from main funds, while retail investors had a net outflow of 29.55 million yuan [3] - Zhongju Gaoxin had a net inflow of 9.12 million yuan from main funds, but retail investors saw a net outflow of 14.76 million yuan [3]

Core Viewpoint - The seasoning and fermentation sector experienced a decline of 1.2% on January 27, with Tianwei Food leading the drop, while the overall stock market showed slight gains in the Shanghai and Shenzhen indices [1][2]. Group 1: Market Performance - The Shanghai Composite Index closed at 4139.9, up 0.18%, and the Shenzhen Component Index closed at 14329.91, up 0.09% [1]. - The seasoning and fermentation sector saw individual stock performances with notable declines, particularly Tianwei Food, which dropped by 3.98% [2]. Group 2: Stock Performance Details - Key stocks in the seasoning and fermentation sector included: - ST Jiajia (002650) closed at 6.49, up 0.62% - Zhu Laoliu (920726) closed at 23.10, up 0.04% - Hai Tian Wei Ye (603288) closed at 35.41, down 0.76% - Anji Food (603696) closed at 19.54, down 1.06% - Tianwei Food (603317) closed at 12.56, down 3.98% [1][2]. Group 3: Capital Flow Analysis - The seasoning and fermentation sector experienced a net outflow of 197 million yuan from institutional investors, while retail investors saw a net inflow of 27.25 million yuan [2][3]. - Individual stock capital flows indicated: - Tianwei Food had a net outflow of 12.27 million yuan from institutional investors, while retail investors contributed a net inflow of 1.46 million yuan [3]. - Hai Tian Wei Ye faced a net outflow of 11.33 million yuan from institutional investors [3].

Investment Rating - The report maintains an "Accumulate" rating for the food and beverage industry [5] Core Insights - The upcoming Spring Festival is expected to boost sales in the liquor sector, with Moutai leading the industry towards an unexpected improvement. Short-term focus should be on the demand for the Spring Festival, while medium-term investments should target leading brands across various price segments [1] - In the beer segment, new product launches are being prepared, with a focus on high-growth channels and consumer trends towards personalized and diversified consumption [2] - The baking sector is showing stable performance, with companies like Lihigh Foods preparing for the sales peak and benefiting from favorable policies regarding cream products [3] Summary by Relevant Sections Liquor Sector - The Spring Festival is driving demand, with Moutai expected to lead the market. Key short-term stocks include Guizhou Moutai, Guo Jiu Gong Jiu, and others, while medium-term focus should be on Wuliangye and Shanxi Fenjiu [1] Beer Sector - Current beer sales are in a low season, but new product launches and high growth in instant retail channels are promising. Companies like Chongqing Beer are launching new 1L cans to meet consumer preferences [2] Food Sector - Lihigh Foods is preparing for the sales peak with a focus on quality over quantity, while Anqi Yeast is benefiting from declining sugarcane prices, enhancing profit margins [3] - Yizhi Konjac is experiencing rapid demand growth, with a stable supply chain and product innovation driving its market position [4]

Group 1 - The seasoning and fermentation sector experienced a decline of 0.92% on January 21, with Anji Food leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Key stocks in the seasoning and fermentation sector showed varied performance, with Dayin Co. rising by 2.90% to a closing price of 38.00, while Anji Food fell by 2.84% to 20.89 [1][2] Group 2 - The net outflow of main funds in the seasoning and fermentation sector was 47.78 million yuan, while retail funds saw a net outflow of 21.44 million yuan [2] - The sector's overall fund flow indicates a mixed sentiment, with speculative funds showing a net inflow of 69.22 million yuan [2] - Individual stock fund flows revealed that Jieling Pickles had a main fund net outflow of 10.21 million yuan, while Hai Tian Food saw a net inflow of 6.37 million yuan [3]

Group 1 - The seasoning and fermentation sector saw a slight increase of 0.11% on January 20, with Tianwei Food leading the gains [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] - Key stocks in the seasoning and fermentation sector showed varied performance, with Tianwei Food closing at 13.51, up 2.66%, and other notable stocks like ST Jiajia and Jialong Co. also experiencing gains [1] Group 2 - The sector experienced a net outflow of 47.02 million yuan from institutional investors, while retail investors saw a net inflow of 41.85 million yuan [2] - The individual stock performance indicated that Hai Tian Wei Ye had a significant net outflow of 35.27 million yuan from institutional investors, while retail investors contributed a net inflow of 30.45 million yuan [3] - Other stocks like Jialong Co. and ST Jiajia had mixed net inflows and outflows from different investor categories, reflecting varied investor sentiment within the sector [3]

Summary of Conference Call Notes Industry Overview - The focus is on the consumer sector, particularly in the food and beverage industry, highlighting a seasonal uptick in demand during spring [1][2]. - The report emphasizes the recovery of service consumption, particularly in the restaurant and food supply sectors, supported by government initiatives to boost consumer spending [2]. Key Companies and Recommendations - **Snack Food Companies**: - Recommended leading snack brands include Wanchen Group, Yanjinpuzi, Weilong, Youyou, and Ganyuan [1][2]. - **Restaurant Supply Chain**: - Key players include Babi, Anjins, Guoquan, and Yihai International, along with Baoli Foods and Lihai Foods [1][2]. - **Beverage Companies**: - Notable recommendations are Yangyuan Beverage and Dongpeng Beverage [1][2]. Company-Specific Insights - **Babi**: Focused on diversified growth strategies to recreate its business model [2]. - **Anjins**: Confirming a bottoming out phase and restarting growth initiatives [2]. - **Guoquan**: Demonstrating a resilient business model with accelerated store openings [2]. Market Trends and Predictions - Historical data indicates that Q1 typically shows positive performance for many restaurant companies, with factors such as market profitability, delayed corporate events, and favorable seasonal reporting expected to drive growth in Q1 2026 [3]. - The report anticipates a multi-factor resonance effect in Q1 2026, which may positively impact metrics like customer spending, same-store sales, and table turnover rates [3]. Government Initiatives - The government has implemented a series of fiscal and financial policies aimed at stimulating domestic demand, which includes measures to clear overdue payments to businesses and ensure wage payments to migrant workers [2]. Additional Insights - The report highlights the cyclical nature of the consumer sector and its role as a leader in consumption recovery, with key companies showing continued improvement [4]. - Emphasis on valuation switching as a strategy to recommend high-quality stocks such as Ximai, Babi, Guoquan, and Yanjinpuzi [4].

Market Overview - The seasoning and fermentation sector increased by 0.41% on January 19, with Zhu Laoliu leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Stock Performance - Zhu Laoliu (code: 920726) closed at 25.02, up 5.44% with a trading volume of 97,800 shares and a transaction value of 236 million [1] - Qianhe Flavor (code: 603027) closed at 10.19, up 4.09% with a trading volume of 220,900 shares and a transaction value of 223 million [1] - Tianwei Food (code: 603317) closed at 13.16, up 3.70% with a trading volume of 107,300 shares and a transaction value of 140 million [1] - Other notable stocks include Baoli Food (code: 603170) up 3.46%, Jialong Co. (code: 002495) up 3.11%, and Zhongjing Food (code: 300908) up 2.24% [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 66.24 million from institutional investors, while retail investors saw a net inflow of 21.38 million [2] - The sector's overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Zhu Laoliu had a net outflow of 23.53 million from institutional investors, with a retail net inflow of 1.83 million [3] - Hai Tian Flavor (code: 603288) saw a net inflow of 16.67 million from institutional investors but a net outflow of 24.60 million from retail investors [3] - Hengshun Vinegar (code: 600305) had a net inflow of 12.32 million from institutional investors, while retail investors experienced a net outflow of 13.99 million [3]

Market Overview - The seasoning and fermentation sector experienced a decline of 1.29% on January 16, with Jialong Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Notable gainers in the seasoning and fermentation sector included: - ST Jiajia (002650) with a closing price of 6.70, up 4.69% on a trading volume of 87,700 shares and a transaction value of 57.42 million yuan [1] - Zhu Laoliu (920726) closed at 23.73, up 4.54% with a trading volume of 92,600 shares and a transaction value of 214 million yuan [1] - Anji Food (603696) closed at 22.97, up 3.89% with a trading volume of 259,200 shares and a transaction value of 582 million yuan [1] - Decliners included: - Jialong Co., Ltd. (002495) closed at 2.57, down 2.65% with a trading volume of 296,900 shares and a transaction value exceeding 76.84 million yuan [2] - Lianhua Holdings (600186) closed at 6.08, down 2.41% with a trading volume of 726,100 shares and a transaction value of 444 million yuan [2] - Hai Tian Flavoring (603288) closed at 36.99, down 1.60% with a trading volume of 181,500 shares and a transaction value of 674 million yuan [2] Capital Flow - The seasoning and fermentation sector saw a net outflow of 254 million yuan from institutional investors, while retail investors contributed a net inflow of 158 million yuan [2] - The capital flow for specific stocks showed: - Zhu Laoliu (920726) had a net inflow of 15.38 million yuan from institutional investors [3] - ST Jiajia (002650) experienced a net outflow of 8.58 million yuan from institutional investors [3] - Anji Yeast (600298) had a net inflow of 6.59 million yuan from institutional investors [3]