Group 1 - The company, Wufangzhai, announced the use of 150 million yuan of idle raised funds to purchase a 91-day principal-protected floating income structured deposit from Minsheng Bank [2] - As of the announcement date, the remaining balance of 150 million yuan has not yet matured, which accounts for 47.66% of the company's most recent monetary funds [2]

Investment Rating - The report indicates a positive investment outlook for the convenience food industry, projecting significant growth and opportunities in the coming years [12]. Core Insights - The convenience food market in China is expected to grow from CNY 673.6 billion in 2023 to over CNY 1 trillion by 2026, with a compound annual growth rate (CAGR) of approximately 17.5% from 2024 to 2026 [12]. - The industry is driven by evolving consumer demands, faster lifestyles, and continuous product innovation, indicating a robust future growth trajectory [12]. - Regulatory trends are shifting towards health-oriented standards, promoting low-fat and low-salt products, which aligns with consumer health consciousness [14]. Summary by Sections Industry Macro Market Research - The convenience food industry is defined as food products that are pre-prepared for easy consumption, catering to the fast-paced lifestyle of consumers [10]. - The market size has shown consistent growth, with a notable increase from CNY 3,948 billion in 2016 to CNY 6,736 billion in 2023, and is projected to reach CNY 10,749 billion by 2026 [12][13]. - The growth rate has fluctuated, with a significant increase expected in the coming years, reaching 17.5% in 2024 and 17.6% in 2025 [12]. Online Industry Trend Overview - As of September 2025, Douyin has surpassed Taobao in sales volume for convenience foods, achieving a sales figure of CNY 264.2 billion across both platforms [19]. - Douyin's sales strategy focuses on low prices and high sales volume, leading to a significant market share increase [19]. - The report highlights a shift in consumer purchasing behavior, with Douyin's emerging brands showing strong growth compared to traditional brands on Taobao [30]. Brand Analysis - The report identifies key brands in the convenience food sector, noting that while traditional brands like Bai Xiang and Kang Shi Fu dominate in sales, newer brands on Douyin are experiencing rapid growth [30]. - The concentration of top brands is higher on Douyin, indicating a more competitive landscape where new entrants can thrive [30]. - Specific product categories such as instant noodles and rice dishes are experiencing varied growth rates, with some traditional categories facing declines while others, like plant-based options, are gaining traction [22][25]. Consumer Behavior Insights - Approximately 40% of consumers reported increased spending on convenience foods in 2024, with diverse consumption scenarios emerging, including outdoor activities [16]. - The report emphasizes the need for brands to innovate in product convenience and adaptability to meet the evolving consumer preferences [16]. - The convenience food market is characterized by seasonal trends, with certain products like zongzi seeing spikes in sales during specific festivals [32].

证券代码：603237 证券简称：五芳斋 公告编号：2026-001 浙江五芳斋实业股份有限公司 关于使用闲置募集资金进行现金管理的公告 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。 重要内容提示： 已履行及拟履行的审议程序：浙江五芳斋实业股份有限公司（以下简 称"公司"）于 2025 年 4 月 15 日召开了第九届董事会第十九次会议和第九届监 事会第十四次会议，审议通过了《关于使用部分闲置募集资金进行现金管理 的议案》，同意公司在确保不影响募集资金投资项目正常进行的前提下，使 用额度不超过人民币 20,000.00 万元的部分闲置募集资金进行现金管理，有效 期为自公司董事会审议通过之日起 12 个月内有效。在上述额度及决议有效期 内，可循环滚动使用，期限内任一时点的交易金额（含前述投资的收益进行 再投资的相关金额）不超过上述额度。公司董事会授权公司董事长或董事长 授权人士在额度范围内行使该项投资决策权并签署相关合同文件，具体事项 由公司资金管理部负责组织实施。 特别风险提示：公司购买的为安全性高有保本约定的现金管理类产品 ...

云南路美食街是上海历史最悠久的美食街之一，其所在的云南南路余庆里地块近年启动了旧改征 收，居民早已搬走，云南路美食街上云集的一众老字号企业的去留引发关注。 杏花楼集团相关负责人说，大壶春"试水"的成绩给了其他老字号很大的鼓励，大家都在想怎么结合 南京路步行街商圈游客的特点推出好的产品与服务。一些老字号还在构想结合当下消费者的喜好与老字 号的传统技艺，推出一些网红爆款产品。 目前，杏花楼集团已对山西南路、福建中路上的过渡经营场地完成了整体加固且验收合格。旗下各 老字号店铺的内装预计于本月底完成，2月10日前将悉数开业。届时，鲜得来和德兴馆在福建中路上重 新开店，大壶春、洪长兴、小绍兴、德大、五芳斋和小金陵等在山西南路上开门营业。山西南路将挂 牌"老字号小吃街"，成为南京路商圈一条闪亮的特色支马路。 黄浦区相关负责人表示，在云南南路余庆里地块旧改升级后，将重新集聚餐饮品牌企业、海派特色 小吃，打造升级版美食街。 记者昨天从黄浦区获悉：云南路美食街上的小绍兴、鲜得来、小金陵、大壶春、德兴馆、德大、洪 长兴和五芳斋等一众老字号企业，即将搬迁至南京东路支马路进行过渡经营。在规划中，未来的云南南 路将延续以餐饮为特色，鼓 ...

图为现场小朋友们学习包汤圆 图为"挑担郎"为市民送上叠式汤圆 编辑：代婧怡 1月6日，湖北武汉，五芳斋第38届汤圆节暨武汉五芳斋80周年庆典在武汉五芳斋总店开 幕。现场穿粗布短打的"挑担郎"肩挑竹担，沿街吟唱《卖汤圆》，路过的市民与"挑担郎"互 动可免费试吃一碗叠式汤圆，沉浸式感受老武汉的市井烟火。 图为现场工作人员为市民分发庆典蛋糕 ...

Core Viewpoint - The 38th Tangyuan Festival and the 80th anniversary celebration of Wufangzhai were held in Wuhan, showcasing traditional culture and engaging the local community through interactive activities and performances [2]. Group 1: Event Highlights - The festival featured "carrying pole" performers singing "Selling Tangyuan," allowing citizens to interact and enjoy free samples of layered Tangyuan [2]. - Traditional performances, such as Hubei drum shows, attracted many spectators, enhancing the festive atmosphere [2]. - Children participated in learning how to make Tangyuan, promoting cultural heritage and community involvement [10][12]. Group 2: Community Engagement - The event encouraged community interaction, with citizens able to take photos with performers and enjoy traditional food [6][8]. - The distribution of celebration cakes by staff further engaged the public, creating a festive environment [4].

Group 1 - The core viewpoint of the news is that Wufangzhai's stock price has increased by 1.09% to 16.72 CNY per share, with a total market capitalization of 3.295 billion CNY as of December 31 [1] - Wufangzhai, established on April 27, 1998, and listed on August 31, 2022, specializes in the research, production, and sales of glutinous rice-based food products [1] - The main revenue composition of Wufangzhai includes 81.88% from zongzi (sticky rice dumplings), 11.56% from egg products, pastries, and others, 4.36% from meal series, and 2.20% from other supplementary products [1] Group 2 - Among the top ten circulating shareholders of Wufangzhai, Dazhong Fund holds a position with its Dazhong Strategy Return Mixed A fund (090007) maintaining 1.2532 million shares, unchanged from the previous period, representing 0.64% of circulating shares [2] - The Dazhong Strategy Return Mixed A fund has a total scale of 3.832 billion CNY and has achieved a year-to-date return of 11.55%, ranking 5571 out of 8085 in its category [2] - The fund has a one-year return of 10.21%, ranking 5642 out of 8085, and a cumulative return of 853.55% since its inception [2]

（文章来源：证券日报） 证券日报网讯 12月18日，五芳斋在互动平台回答投资者提问时表示，公司在福建设有办事处，同时涵 盖了经销商、卖场超市以及电商到家平台等业务。 ...

证券日报网讯12月18日，五芳斋（603237）在互动平台回答投资者提问时表示，公司高度重视股东利 益，推进H股发行旨在加快公司国际化战略及海外业务布局，提升公司国际化品牌形象，同时打造多元 化资本运作平台，增强公司的境外融资能力，助力公司高质量发展。公司将持续聚焦主营业务的稳健增 长，积极打造第二增长曲线，努力开拓国际市场，通过多维努力为公司高质量发展奠定基石，维护全体 投资者的根本权益。公司持续践行以股东利益为导向的分配政策，上市三年来，累计现金分红达3.5亿 元，回购总金额为1.57亿元，分红与回购合计达5.04亿元。 ...

证券日报网讯12月18日，五芳斋（603237）在互动平台回答投资者提问时表示，公司目前业务未覆盖欧 盟地区，未来计划开拓该市场。 ...