Core Viewpoint - The article highlights the innovative marketing strategy of Haitian Flavor Industry through its sponsorship of the culinary competition show "Yi Fan Feng Shen," which aims to promote Chinese culinary culture globally while engaging younger consumers [1][3][4]. Group 1: Cultural and Brand Innovation - Haitian Flavor Industry is leveraging its 400-year history to blend culture and brand through various initiatives, including the establishment of a soy sauce culture museum and support for a global soy sauce documentary [3][4]. - The show features chefs from different regions and cultures, showcasing the integration of traditional Chinese ingredients with modern culinary techniques, thus redefining the essence of Chinese cuisine [3][4]. - The program serves as a platform for Haitian to narrate its brand story, emphasizing the balance between tradition and innovation in Chinese seasoning culture [3][4]. Group 2: Marketing Strategy - Haitian Flavor Industry has developed a comprehensive marketing ecosystem centered around "content + scene + social," effectively merging cultural dissemination with commercial value [4][5]. - The company has transformed show content into consumer engagement tools, such as the "Delicious Sealing List," which has driven traffic to restaurants featured in the show [5]. - Through events like the "Haitian Rice Festival" and interactive live cooking sessions, Haitian is enhancing brand visibility and fostering emotional connections with consumers [5][8]. Group 3: Digital Transformation and Brand Youthfulness - The company is undergoing a digital marketing strategy upgrade, moving from simple sponsorship to a full-chain approach that emphasizes interaction and participation [8]. - Haitian Flavor Industry has successfully transitioned from a traditional brand to a modern one, maintaining its core craftsmanship while appealing to younger demographics through innovative marketing campaigns [8][10]. - Initiatives like the soy sauce ice cream pop-up and educational projects aim to break stereotypes associated with traditional brands and build consumer trust [10].

Investment Rating - The report maintains an "Increase" rating for the food and beverage industry, indicating a positive outlook for the sector [4]. Core Insights - The report highlights that the liquor industry is gradually releasing pressure from distribution channels, indicating a potential for future growth. It suggests focusing on three main lines: leading brands, high-certainty regional liquors, and elastic stocks benefiting from recovery and increased risk appetite [1][2]. - The snack sector shows significant growth potential, with companies like Yanjing Beer and Zhujiang Beer being highlighted for their strong performance. The report emphasizes the importance of channel leadership and growth potential in selecting stocks [3][6]. Summary by Sections Liquor Industry - The report notes that the liquor industry is experiencing a deep adjustment, shifting from scale growth to high-quality development. It emphasizes the importance of brand strength and strategic initiatives to capture new consumer trends [2]. - The expected revenue for Zhenjiu Lidong in H1 2025 is projected to be between 2.4 billion to 2.55 billion yuan, reflecting a year-on-year decline of 38.3% to 41.9% due to economic uncertainties and policy impacts [2]. Beer and Beverage Sector - The beer segment shows promising results, with Huiquan Brewery reporting a revenue of 351 million yuan in H1 2025, a year-on-year increase of 1.03%, and a net profit of 40 million yuan, up 25.52% [3]. - Unified Enterprises China achieved a revenue of 17.087 billion yuan in H1 2025, representing a 10.6% year-on-year growth, with a net profit of 1.287 billion yuan, up 33.2% [3]. Snack Sector - The snack sector is highlighted for its recovery in stock prices, with expectations for continued high growth due to new product launches and channel transformations. The report notes a narrowing decline in raw milk prices, which may positively impact the dairy segment [6].

Group 1 - The core point of the article highlights that Haitian Flavor Industry's stock price closed at 38.26 yuan on August 8, experiencing a slight decline of 0.09 yuan or 0.23% from the previous trading day [1] - The trading volume on that day was 78,672 hands, with a total transaction amount reaching 301 million yuan [1] - The stock reached a maximum of 38.41 yuan and a minimum of 38.21 yuan during the trading session, indicating a fluctuation of 0.52% [1] Group 2 - Haitian Flavor Industry is primarily engaged in the production and sale of condiments, including soy sauce, oyster sauce, and various other sauces, operating within the food and beverage sector [1] - The company has been included in the 2025 cash dividend ranking released by the China Securities Association, which evaluates companies based on dividend amounts and ratios to encourage a culture of dividend distribution [1] - On August 8, the net outflow of main funds for Haitian Flavor Industry was 20.52 million yuan, with a cumulative net outflow of 38.47 million yuan over the past five trading days [1]

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 分行业来看，A股市场99家食品行业公司财务总监薪酬均值为95.11万元（数据来源于choice，截止2024 年末任期不满1年的不参与统计，CFO包括部分公司总会计师等），高于市场均值。 从年龄分布来看，40（含）-50岁是主力人群，人数达到49位，占比达到49%；其次是50（含）岁以 上，占比达到42%；30（含）-40的CFO占比仅为8%，年龄中位数为49岁。 承德露露CFO丁兴贤年纪最大，达到62岁。丁兴贤目前身兼数职，是承德露露总经理、财务负责人， 2019年4月开始任职。元祖股份CFO刘政年纪最小，仅32岁，从2023年10月开始任职。 从学历来看，以本科为主，占比达到58%；其次是硕士，达到28%。专科有16名，占比达到12.4%。此 外博士有1名，为立高食品财务总监王世佳；中职也有一名，为春 ...

Core Points - The announcement details the results of the third round of food safety supervision and sampling inspections conducted in Yangqu County, revealing that out of 99 batches tested, 94 were compliant while 5 were found to be non-compliant [3]. Inspection Results - A total of 99 batches from 17 categories of food products were sampled, including biscuits, catering foods, tea, egg products, starch and starch products, condiments, bean products, convenience foods, pastries, alcoholic beverages, grain processing products, dairy products, edible agricultural products, edible oils, fats and their products, potato products, puffed foods, aquatic products, and beverages [3]. - The inspection identified 5 non-compliant products, which were subjected to legal actions as per relevant laws and regulations [3]. Non-Compliant Products - Specific non-compliant products included: - A batch of scallions with pesticide residue (Dimethoate) at 1.1 mg/kg, exceeding the limit of 0.3 mg/kg [3]. - A batch of celery with pesticide residue (Oxamyl) at 0.30 mg/kg, exceeding the limit of 0.02 mg/kg [3]. - A batch of dried fruit with pesticide residue (Prothioconazole) at 0.22 mg/kg, exceeding the limit of 0.1 mg/kg [3]. - A batch of candied fruit with pesticide residue (Fipronil) at 0.053 mg/kg, exceeding the limit of 0.005 mg/kg [3]. - A batch of fruit with pesticide residue (Manganese salt) at 1.62 mg/kg, exceeding the limit of 0.3 mg/kg [3]. Compliance Products - The announcement also lists several compliant products, including various types of snacks, beverages, and agricultural products, indicating a generally high compliance rate among the tested items [3].

Core Viewpoint - Haitian Flavor Industry has launched a global public offering, aiming to list on the Hong Kong Stock Exchange on June 19, marking the largest IPO in the consumer sector this year [1] Group 1: Company Performance - Since its A-share listing in 2014, Haitian's revenue has grown from 9.8 billion to 26.9 billion, an increase of 174% over ten years [3] - In 2024, despite economic pressures, Haitian achieved a revenue of 26.9 billion, a year-on-year growth of 9.53%, and a net profit of 6.344 billion, up 12.75% [3] - In Q1 2025, the growth trend continued with revenue of 8.315 billion, a year-on-year increase of 8.08%, and a net profit of 2.202 billion, up 14.77% [3] Group 2: Market Position - In 2024, Haitian held a 4.8% market share in China's seasoning industry, more than double that of the second-place competitor, with soy sauce and oyster sauce sales ranking first globally [3] - The long-term performance of Haitian in the A-share market has validated its value as a rare high-quality investment target, attracting international investors [3] Group 3: Global Strategy and Product Development - Haitian aims to advance its globalization strategy through this IPO, capitalizing on the explosive growth in international demand for seasoning products driven by the spread of Chinese cuisine [3] - The company has launched several targeted products in line with global health consumption trends, including organic soy sauce and gluten-free soy sauce, which have received multiple certifications [5] - Haitian is focusing on building a global R&D system, including attracting international talent and conducting overseas collaborations, which signifies an upgrade in its R&D capabilities [5] Group 4: Industry Outlook - The seasoning industry is characterized by essential demand and high user loyalty, combined with the dual benefits of consumption upgrades and the internationalization of Chinese cuisine, which will strengthen the competitive advantage of leading companies [5] - With a solid industrial foundation, leading R&D capabilities, and forward-looking global layout, Haitian is expected to further expand its market share during industry consolidation, creating long-term value for investors [5]

第 9 頁 共 10 頁 v 1.1.1 FF301 在購回股份（股份被持作庫存股份）的情況下，「事件發生日期」應理解爲「發行人購回並以庫存方式持有股份的日期」。 份數目。 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 佛山市海天調味食品股份有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 證券代號 (如上市) 03288 說明 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 279,031,700 RMB 1 RMB 279,031,700 增加 / 減少 (-) 12,192,700 RMB 12,192,700 本月底結存 291,224,400 RMB 1 RMB 291,224,400 證券代號 (如上市) 603288 說明 於上海證券交易所上市 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 5,560,600,544 RMB 1 RMB 5,560,600,544 增加 / 減少 (-) 0 RMB 0 本月底結存 5,560,600,54 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 佛山市海天調味食品股份有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03288 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 279,031,700 | RMB | | 1 RMB | | 279,031,700 | | 增加 / 減少 (-) | | | 12,192,700 | | | RMB | | 12,192,700 | | 本月底結存 | | | 291,224,400 | RMB | | 1 RMB | | 291,224,400 | | 2. 股份分類 | ...

金融界8月6日消息，上证指数低开高走，中证沪港深互联互通综合主要消费指数 (沪港深通消费综合， H30482)报10037.55点。 从中证沪港深互联互通综合主要消费指数持仓样本的行业来看，酒占比37.62%、食品占比27.64%、养 殖占比16.77%、软饮料占比8.13%、美容护理占比3.73%、种植占比2.90%、家庭用品占比2.00%、烟草 占比1.22%。 资料显示，该指数系列样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五 的下一交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一 个定期调整日前，权重因子一般固定不变。特殊情况下将对该指数系列样本进行临时调整。当样本退市 时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处 理。当中证沪港深500指数、中证沪港深互联互通中小综合指数和中证沪港深互联互通综合指数样本发 生变动时，将进行相应调整。 数据统计显示，中证沪港深互联互通综合主要消费指数近一个月上涨2.16%，近三个月下跌1.02%，年 至今上涨0.75%。 据了解，中证沪港深行业指数系列将中证沪港深 ...

Core Viewpoint - Haitan Flavor Industry's H-shares have fallen below the issue price, closing at 33.20 HKD, marking a new low since its listing on June 19, 2023 [1][3] Group 1: Stock Performance - Haitan Flavor Industry's stock has experienced a decline of 0.48% over two consecutive trading days, with the current price at 33.20 HKD, which is 8.5% lower than the issue price of 36.30 HKD [1][3] - The stock hit a low of 36.05 HKD on its first trading day, indicating initial market volatility [1] Group 2: IPO Details - The total number of H-shares offered globally was 279,031,700, with 55,279,900 shares allocated for the Hong Kong offering and 223,751,800 shares for international investors [1][2] - The final offer price was set at 36.30 HKD, raising a total of 10,128.9 million HKD, with a net amount of 10,009.6 million HKD after deducting estimated listing expenses [2] Group 3: Use of Proceeds - The net proceeds from the global offering will be allocated as follows: 20% for product development and technology upgrades, 30% for capacity expansion and digital supply chain upgrades, 20% for enhancing global brand image and sales channels, 20% for strengthening the sales network, and 10% for working capital and general corporate purposes [3] - Key cornerstone investors include Hillhouse HHLR Advisors, GIC Private Limited, and Sequoia China, among others [3]