Core Viewpoint - The company Wufangzhai, a food production, processing, and sales enterprise listed on A-shares, has announced the authorization of its management to initiate preparations for issuing shares overseas (H-shares) and listing on the Hong Kong Stock Exchange. This move aims to accelerate the company's international strategy and overseas business layout, enhance its international brand image, and create a diversified capital operation platform to strengthen its overseas financing capabilities, thereby supporting high-quality development [1]. Group 1 - The company is preparing to launch an overseas share issuance and listing on the Hong Kong Stock Exchange [1] - The initiative is part of the company's overall development strategy and operational needs [1] - The goal is to enhance the company's international brand image and diversify its capital operations [1]

Group 1 - The core point of the article is that Wufangzhai, known as the "first stock of zongzi," plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and brand image [2] - The company aims to accelerate its internationalization and diversify its capital operation platform to improve overseas financing capabilities [2] - The H-share listing requires approval from the board of directors, shareholders, and regulatory bodies, which introduces significant uncertainty regarding its implementation [2] Group 2 - Wufangzhai's main products include zongzi, mooncakes, qingtuan, tangyuan, baked goods, frozen foods, and pre-prepared dishes [3] - In the fiscal year 2024, the revenue from zongzi was 1.579 billion CNY, a decrease of 18.64% compared to the previous year [3] - For the first half of 2025, the company's net profit attributable to shareholders was 195 million CNY, down 16.70% year-on-year [3] Group 3 - As of September 26, Wufangzhai's stock price closed at 17.68 CNY per share, with a total market capitalization of 3.485 billion CNY [4] - The stock's trading data includes a highest price of 18.01 CNY, a lowest price of 17.60 CNY, and a trading volume of 24,627 hands [5] - The company has a total share capital of 197 million shares and a price-to-earnings ratio (TTM) of 33.79 [5]

根据《上海证券交易所股票上市规则》《境内企业境外发行证券和上市管理试行办法》等有关规定，五 芳斋此次H股上市需提交公司董事会和股东会审议，并经中国证券监督管理委员会备案和香港联交所审 核。此次H股上市能否通过审议、备案和审核程序并最终实施具有较大不确定性。 同日，五芳斋召开股东大会，选举产生5名非独立董事和3名独立董事。公司董事长为厉建平，副董事长 为魏荣明。公司聘任马建忠为总经理，马冬达为常务副总经理，沈燕萍为副总经理，陈传亮为财务总 监，厉昊嘉为总审计师，于莹茜为董事会秘书，张瑶为合规总监兼证券事务代表。 作为"粽子第一股"，五芳斋的主要产品包括粽子、月饼、青团、汤圆等节令食品，绿豆糕、桃酥、面包 等烘焙食品，烧卖、馄饨、饭团等速冻食品，素肉、腊肠等休闲卤味食品，半熟预制菜、蛋制品、其他 米制品等。 从经营数据来看，2024年度，五芳斋的粽子营收为15.79亿元，较上年同期下降18.64%。2025年上半 年，公司归母净利润为1.95亿元，较上年同期下降16.70%。截至2025年6月30日，五芳斋通过直营、合 作经营、加盟、经销等方式共建立了496家门店。 【导读】"粽子第一股"五芳斋，拟发行H股并在香 ...

Core Viewpoint - Wufangzhai, known as the "first stock of zongzi," plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and brand image while diversifying its capital operations [2]. Group 1: H-Share Listing - Wufangzhai announced its intention to issue H-shares and list on the Hong Kong Stock Exchange, with the board authorizing management to initiate preparatory work for this listing [2]. - The H-share issuance aims to accelerate Wufangzhai's international strategy and overseas business layout, enhancing its international brand image and financing capabilities [2]. - The listing process requires approval from the board and shareholders, as well as regulatory review by the China Securities Regulatory Commission and the Hong Kong Stock Exchange, introducing significant uncertainty [2]. Group 2: Corporate Governance - A shareholder meeting was held on the same day to elect five non-independent directors and three independent directors, with Li Jianping as chairman and Wei Rongming as vice chairman [3]. - Key management appointments include Ma Jianzhong as general manager and Ma Dongda as executive vice general manager, among others [3]. Group 3: Product and Financial Performance - Wufangzhai's main products include zongzi, mooncakes, and various baked and frozen foods, with a diverse product range [3]. - For the fiscal year 2024, Wufangzhai reported zongzi revenue of 1.579 billion yuan, a decline of 18.64% year-on-year [3]. - In the first half of 2025, the company's net profit attributable to shareholders was 195 million yuan, down 16.70% compared to the same period last year [3]. - As of June 30, 2025, Wufangzhai had established 496 stores through various operational models [3]. Group 4: Market Performance - As of September 26, the closing stock price of Wufangzhai was 17.68 yuan per share, with a total market capitalization of 3.485 billion yuan [4].

Group 1 - The company Wufangzhai (603237) announced the election of Li Jianping as the chairman [1]

Group 1 - The core point of the article is the announcement by Wufangzhai (603237) regarding the election of Mr. Chen Chuanliang as the employee director of the company's tenth board of directors [1]

Group 1 - The company, Wufangzhai (603237.SH), announced that it will hold its first meeting of the 10th Board of Directors on September 26, 2025 [1] - The meeting will review and approve a proposal to authorize the management to initiate the preparation for issuing shares overseas (H-shares) and listing on the Hong Kong Stock Exchange [1]

智通财经APP讯，五芳斋(603237.SH)发布公告，为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，根据 公司总体发展战略及运营需要，公司拟在境外发行股份(H股)并在香港联合交易所有限公司(简称"香港 联交所")上市，公司董事会授权公司管理层启动本次H股上市的前期筹备工作。 ...

智通财经APP讯，五芳斋(603237.SH)发布公告，为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，根据 公司总体发展战略及运营需要，公司拟在境外发行股份(H股)并在香港联合交易所有限公司(简称"香港 联交所")上市，公司董事会授权公司管理层启动本次H股上市的前期筹备工作。 ...

（记者 张喜威） 截至发稿，五芳斋市值为35亿元。 每经头条（nbdtoutiao）——5年增长33倍，这类新险种卖爆了，身边很多人都需要，30多家险企蜂拥而 入⋯⋯ 每经AI快讯，五芳斋（SH 603237，收盘价：17.68元）9月26日晚间发布公告称，公司第十届第一次董 事会会议于2025年9月26日以现场结合通讯方式召开。会议审议了《关于聘任公司高级管理人员的议 案》等文件。 2024年1至12月份，五芳斋的营业收入构成为：食品制造业占比91.1%，餐饮业占比5.98%，其他业务占 比2.92%。 ...