Market Overview - The Shanghai Composite Index closed at 3738.32 points, with a decline of 1.97%, and the total trading volume of A-shares reached 1618.672 billion yuan [1] - As of today, 63 A-shares have surpassed their annual moving average, indicating a positive trend for these stocks [1] Notable Stocks - The stocks with the largest deviation rates from their annual moving average include: - Aibulu (301259) with a deviation rate of 11.16% and a daily increase of 13.36% [1] - Wufangzhai (603237) with a deviation rate of 5.06% and a daily increase of 6.65% [1] - Gongxiao Daji (000564) with a deviation rate of 3.81% and a daily increase of 4.28% [1] - Other stocks that have just crossed their annual moving average with smaller deviation rates include: - Jianzhijia (乖离率较小) and Dongfang Haiyang, which have just recently crossed the annual line [1] Trading Data - The trading data for stocks that broke through the annual moving average includes: - Aibulu (301259): Latest price 48.70 yuan, annual line 43.81 yuan, turnover rate 17.66% [1] - Wufangzhai (603237): Latest price 18.61 yuan, annual line 17.71 yuan, turnover rate 5.13% [1] - Gongxiao Daji (000564): Latest price 2.68 yuan, annual line 2.58 yuan, turnover rate 8.36% [1]

Company Overview - Wufangzhai, established on April 27, 1998, is located in Jiaxing, Zhejiang Province, and was listed on August 31, 2022. The company specializes in the research, production, and sales of glutinous rice-based food products [2] - The main revenue composition includes: Zongzi series 70.13%, Mooncake series 10.49%, Egg products, pastries, and others 10.48%, Meal series 5.98%, and Others 2.92% [2] Stock Performance - As of September 3, Wufangzhai's stock price decreased by 2.01% to 17.51 CNY per share, with a trading volume of 59.82 million CNY and a turnover rate of 1.72%, resulting in a total market capitalization of 3.452 billion CNY [1] - Year-to-date, the stock price has declined by 2.24%, with a 5-day drop of 2.18%, a 20-day decline of 0.62%, and a 60-day increase of 1.86% [2] Financial Performance - For the first half of 2025, Wufangzhai reported a revenue of 1.592 billion CNY, reflecting a year-on-year growth of 0.66%. However, the net profit attributable to shareholders decreased by 16.70% to 195 million CNY [2] - Since its A-share listing, Wufangzhai has distributed a total of 347 million CNY in dividends [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 34.30% to 16,700, with an average of 7,295 circulating shares per shareholder, a decrease of 25.54% [2] - Among the top ten circulating shareholders, Dazhong Strategy Return Mixed A (090007) holds 1.2532 million shares, down by 969,300 shares from the previous period, while Dazhong Ruixiang Mixed A (008269) has exited the top ten list [3]

Group 1 - The company Zhejiang Wufangzhai Industrial Co., Ltd. has announced a share repurchase plan using its own funds, with a total repurchase amount not less than RMB 35 million and not exceeding RMB 70 million, at a maximum price of RMB 29.12 per share, within a period of up to 12 months [1] - On September 1, 2025, the company executed its first share repurchase, acquiring 200,000 shares, which represents 0.10% of the current total share capital, at a price range between RMB 17.70 and RMB 18.00 per share, with a total expenditure of RMB 3,589,115.00 [2] - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations regarding the progress of the share repurchase [3]

（文章来源：证券日报） 证券日报网讯 9月1日晚间，五芳斋发布公告称，2025年9月1日，公司通过上海证券交易所交易系统以 集中竞价交易方式实施了首次回购。首次回购的股份数量为200000股。 ...

证券代码：603237 证券简称：五芳斋 公告编号：2025-056 浙江五芳斋实业股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 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： 回购方案首次披露日 2025/6/28 回购方案实施期限 2025 年 6 月 27 日~2026 年 6 月 26 日 预计回购金额 3,500万元~7,000万元 □减少注册资本 √用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 □为维护公司价值及股东权益 累计已回购股数 200,000股 累计已回购股数占总股本比例 0.10% 累计已回购金额 3,589,115.00元 实际回购价格区间 17.70元/股~18.00元/股 一、 回购股份的基本情况 公司于 2025 年 6 月 27 日召开第九届董事会第二十一次会议，审议通过了《关 于以集中竞价交易方式回购公司股份方案的议案》，同意公司使用自有资金以集中 竞价交易方式回购公司部分股份，拟用于实施员工持股计划或股权激励。回购资 金总额不低于人民币 3,50 ...

Group 1 - The company, Wufangzhai (603237.SH), announced its first share buyback on September 1, 2025, through the Shanghai Stock Exchange trading system [1] - A total of 200,000 shares were repurchased, representing 0.10% of the company's current total share capital [1] - The highest transaction price was 18.00 CNY per share, while the lowest was 17.70 CNY per share, with a total payment of 3,589,115.00 CNY (excluding transaction fees) [1]

证券代码：603237 证券简称：五芳斋 公告编号：2025-056 浙江五芳斋实业股份有限公司 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关法律法规规定，现将公司首次回购股份情况公告如下： 2025 年 9 月 1 日，公司通过上海证券交易所交易系统以集中竞价交易方式实 施了首次回购。首次回购的股份数量为 200,000 股，占公司当前总股本的比例为 0.10%，成交最高价为 18.00 元/股，成交最低价为 17.70 元/股，已支付的资金总额 为人民币 3,589,115.00 元（不含交易费用）。本次回购符合法律法规的有关规定和 公司回购股份方案的要求。 三、 其他事项 关于以集中竞价交易方式首次回购公司股份的公告 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。 | 回购方案首次披露日 | 2025/6/28 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2025 6 6 ...

Core Viewpoint - On September 1, a total of 10 listed companies had their restricted shares unlocked, with a total market value of approximately 5.496 billion yuan [1] Summary by Category Restricted Shares Unlocking - The specific details of the restricted shares unlocking are as follows: - Qingxin Environment (002573): 8.2485 million shares from equity incentive restrictions - Jianke Co., Ltd. (301115): 16.1265 million shares from pre-issue restrictions - Naer Co., Ltd. (002825): 1.2133 million shares from equity incentive restrictions - Guanghetong (300638): 0.5158 million shares from equity incentive restrictions - Liren Technology (001259): 51.66 million shares from pre-issue restrictions - Xutian Salt Industry (600929): 5.295 million shares from equity incentive restrictions - Hanyi Co., Ltd. (301270): 25.9384 million shares from pre-issue restrictions - Wuzhou Special Paper (605007): 1.1687 million shares from equity incentive restrictions - Wufangzhai (603237): 52.9543 million shares from pre-issue restrictions - Aotwei (688516): 16.1989 million shares [1]

据证券之星公开数据整理，近期五芳斋（603237）发布2025年中报。截至本报告期末，公司营业总收入 15.92亿元，同比上升0.66%，归母净利润1.95亿元，同比下降16.7%。按单季度数据看，第二季度营业 总收入13.49亿元，同比下降1.84%，第二季度归母净利润2.4亿元，同比下降20.95%。本报告期五芳斋 公司应收账款体量较大，当期应收账款占最新年报归母净利润比达263.82%。 本次财报公布的各项数据指标表现一般。其中，毛利率41.02%，同比减8.47%，净利率12.24%，同比减 16.82%，销售费用、管理费用、财务费用总计3.59亿元，三费占营收比22.57%，同比减5.33%，每股净 资产9.17元，同比减33.08%，每股经营性现金流2.09元，同比减43.27%，每股收益1.01元，同比减 15.83% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 15.81亿 | 15.92亿 | 0.66% | | 归母浄利润（元） | 2.34 Z | 1.95 Z | -16.70% | ...

Core Viewpoint - Zhejiang Wufangzhai Industry Co., Ltd. reported a slight increase in revenue for the first half of 2025, but a significant decline in net profit, indicating challenges in maintaining profitability despite stable sales growth [2][3][19]. Company Overview and Financial Indicators - The company achieved operating revenue of CNY 1,591,680,509.20, a 0.66% increase compared to the same period last year [3][19]. - Total profit amounted to CNY 253,969,376.99, reflecting a 15.72% decrease year-on-year [3][19]. - Net profit attributable to shareholders was CNY 194,516,948.26, down 16.70% from the previous year [3][19]. - The company’s total assets reached CNY 2,858,008,023.63, a 26.54% increase from the previous year [3]. - The net asset attributable to shareholders was CNY 1,819,086,234.07, up 5.90% year-on-year [3]. Industry Development - The Chinese zongzi (sticky rice dumpling) market is projected to reach CNY 11 billion by 2025, with a growth rate of approximately 7%, driven by policy support for traditional industry upgrades and increasing consumer health awareness [4]. - The demand for low-sugar and low-fat products is rising, with 41% of consumers focusing on the health attributes of zongzi [4]. - The consumption scenario is shifting from seasonal to daily staple foods, with a 40% increase in repurchase rates for ready-to-eat zongzi in convenience stores [4]. Business Operations - Wufangzhai specializes in the research, production, and sales of glutinous rice-based foods, including zongzi, mooncakes, and other traditional Chinese delicacies, and operates under the mission of preserving and innovating Chinese cuisine [6][7]. - The company has established a comprehensive marketing network across China, with 496 stores as of June 30, 2025, including direct sales, partnerships, and franchises [6][9]. - The company operates two production bases in Jiaxing and Chengdu, focusing on high-quality, health-oriented products [8][9]. Financial Performance Analysis - The company’s operating costs increased by 7.59% to CNY 938,754,294.18, while sales expenses decreased by 2.50% [19]. - The net cash flow from operating activities was CNY 413,689,806.25, down 21.16% compared to the previous year [19]. - The company has implemented cost control measures, resulting in a reduction in management expenses by 13.52% [19]. Strategic Initiatives - The company is focusing on channel innovation and has strengthened partnerships with major retailers, leading to significant growth in direct sales channels [13]. - Wufangzhai is expanding its international presence, successfully entering markets in South Korea, the UAE, and Thailand [13]. - The company is enhancing its supply chain management and quality control systems to improve operational efficiency and product quality [14][18].