吃喝板块今日（12月9日）继续深度回调，反映吃喝板块整体走势的食品ETF（515710）开盘后持续走 弱，截至发稿，场内价格跌1.35%。 成份股方面，白酒跌幅居前。截至发稿，泸州老窖、古井贡酒双双大跌超3%，五粮液、今世缘跌超 2%，贵州茅台、山西汾酒等多股跌超1%。 | | 分时 多日 1分 5分 15分 30分 · | | | | | F9 盘前盘后 盈加 九转 画线 工具 @ 2 > | | | SHETF O | | 515710 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.601 | | | 515710[食品ETF] 13:57 价 0.585 熟跌 -0.000(-1.35%) 均价 0.589 成交量 727 | | | | 1,3596 | E | 0.585 | | -0.008 -1.35% | | 0.597 | | | | | | | 0.6796 | | SSE CNY 13-57-59 D BLUM | | 通用7.4 | | | | | | | | | | | ...

Core Viewpoint - Haitan Flavor Industry (03288) has seen a stock price increase of 2.14%, reaching HKD 32.46, with a trading volume of HKD 60.48 million, following the announcement of a board meeting scheduled for December 18, 2025, to consider a special dividend and a shareholder return plan for the next three years (2025-2027) [1] Group 1 - The board meeting will discuss the proposal for a special dividend and the future shareholder return plan [1] - The announcement indicates the company's commitment to enhancing shareholder returns, which is viewed positively by the market [1] - Morgan Stanley anticipates an increase in the company's regular dividend payout ratio, with expected dividends of RMB 0.86 and RMB 0.96 per share for 2025 and 2026, respectively, suggesting potential for upward adjustments [1]

Core Viewpoint - Haitian Flavor Industry (03288.HK) saw an increase of over 2%, with a current price of 32.46 HKD and a trading volume of 60.48 million HKD [1] Group 1 - The stock price of Haitian Flavor Industry rose by 2.14% [1] - The current trading price is reported at 32.46 HKD [1] - The total trading volume reached 60.48 million HKD [1]

Core Viewpoint - Haitan Flavor Industry (03288) has seen a stock price increase of 2.14%, reaching HKD 32.46, with a trading volume of HKD 60.48 million, following the announcement of a board meeting to consider a special dividend and a shareholder return plan for 2025-2027 [1] Group 1 - The board meeting is scheduled for December 18, 2025, to discuss the proposal for a special dividend and the future three-year shareholder return plan [1] - The announcement indicates that the proposals may not necessarily be approved by the board, advising shareholders and potential investors to act cautiously when trading the company's shares [1] - Morgan Stanley views this news as a positive surprise for the market, reflecting the company's commitment to enhancing shareholder returns [1] Group 2 - Morgan Stanley anticipates an increase in the company's regular dividend payout ratio, with market expectations for dividends per share of RMB 0.86 and RMB 0.96 for 2025 and 2026, respectively, suggesting potential for upward adjustments [1]

海天味业（603288）(03288)升逾2%，截至发稿，涨2.14%，报32.46港元，成交额6048.29万港元。 消息面上，12月8日盘后，海天味业发布公告称，董事会会议将于2025年12月18日举行，以考虑建议派 发特别股息及审议及批准公司未来三年(2025年-2027年)股东回报规划。公告称，由于前述议案未必一定 会获董事会批准，故公司股东及潜在投资者于买卖公司股份时务请审慎行事。 大摩认为，此消息对市场而言是一个正面惊喜，显示公司致力提升股东回报。该行预期公司将提高其常 规派息比率。市场预期2025至2026年每股派息分别为0.86元人民币及0.96元人民币，大摩认为或存在上 调空间。 ...

根据香港交易所公告，佛山市海天调味食品股份有限公司将于12月18日召开董事会会议，藉以考虑建议 派发特别股息、审议及批准2025年至2027年股东回报规划。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 由於前述議案未必一定會獲董事會批准，故本公司股東及潛在投資者於買賣本公 司股份時務請審慎行事。 佛山市海天調味食品股份有限公司 董事會 香港，2025年12月8日 於本公告日期，董事會成員包括：(i)執行董事程雪女士、管江華先生、黃文彪 先生、文志州先生、廖長輝先生及代文先生；及(ii)獨立非執行董事張科春先生、 屈文洲先生及丁邦清先生。 （股份代號：3288） 董事會會議召開日期 及 建議派發特別股息 佛山市海天調味食品股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董 事會會議（「董事會會議」）將於2025年12月18日（星期四）舉行，藉以（其中包括） (1)考慮建議派發特別股息（「特別股息」）及(2)審議及批准本公司未來三年（2025 年－2027年）股東回報規劃。 經於董事會會議上批准後，本公司將於董事會會議後另行刊發公告，以載列特別 股息之詳情（如有）。 FOSHAN HAITIAN ...

Core Viewpoint - Haitian Flavor Industry (03288.HK) announced that its board meeting will be held on December 18, 2025, to consider the proposal for a special dividend and to review and approve the shareholder return plan for the next three years (2025-2027) [1] Group 1 - The board meeting is scheduled for December 18, 2025 [1] - The agenda includes considering a proposal for a special dividend [1] - The meeting will also review and approve the shareholder return plan for 2025-2027 [1]

Core Insights - The report from Huatai Securities indicates that the essential consumer sector has entered a favorable left-side layout window, with expectations for a mild recovery in consumption in the second half of 2026 due to stabilizing real estate prices, increased policy stimulus, and the recovery of household balance sheets [1][2]. Industry Overview - The essential consumer sector is currently at historical low valuation levels and public fund allocation ratios, providing a high safety margin and potential upside for investors [1][2]. - Some sub-industries are showing signs of bottoming out, with leading companies shifting focus from price wars to product innovation and adapting to channel changes [1][2][6]. - Structural changes such as the rebalancing of raw milk cycles, recovery in restaurant demand, and stricter regulations on zero additives are optimizing the competitive landscape of the industry [1][2]. Investment Recommendations - The report recommends four categories of stocks: 1. Cyclical high-upside stocks, including Gujing Gongjiu, Luzhou Laojiao, China Resources Beer, Qingdao Beer, Haitian Flavoring, Anjuke Food, and Qianhe Flavoring [2][7]. 2. Companies at fundamental turning points, such as Mengniu Dairy and Master Kong [2][7]. 3. High-dividend blue-chip leaders like Yili and Shuanghui Development [2][7]. 4. Small but promising growth stocks, including Ximai Food, Baoli Food, and Yanjinpuzi [2][7]. Market Trends - The report emphasizes a three-stage market strategy from expectation recovery to performance realization for 2026 [2]. - The essential consumer sector is expected to see a gradual improvement in retail sales growth, projected to reach 4.8% in 2026 [25]. - The consumer confidence index has shown some recovery but remains in a low range, indicating cautious consumer sentiment [26]. Sub-Industry Insights - Specific sub-industries are highlighted: 1. Frozen food is showing signs of bottoming out, with expectations for a reduction in price wars in 2026 [6][10]. 2. The dairy sector is anticipated to see a rebalancing of the raw milk cycle, enhancing domestic substitution logic [6][10]. 3. The beer industry is expected to maintain profit resilience due to rational competition and a diminishing demand dividend [6][10]. 4. Traditional condiment leaders are actively adjusting strategies to capture market share [6][10]. Conclusion - The essential consumer sector is positioned for a potential recovery, with various sub-industries adapting to market changes and focusing on innovation and strategic adjustments to enhance competitiveness [1][2][6].

谈及企业出海的大趋势，陆琛健表示，过去三年，具备国际业务的新发行人数量逐步上涨，今年有超过 一半的发行人是有国际业务的计划，或者说国际业务的收入。他们在港股市场上面募集的资金，很多都 是用在海外的扩张。 专题：南方财经论坛2025年会 由南方财经全媒体集团主办、21世纪数字传媒主要承办的"南方财经论坛2025年会"于12月5-6日在广州 南方财经大厦举办，主题为"共识的力量——创新涌动，中国资产重估"。香港交易所环球上市服务部副 总裁陆琛健出席并演讲。 他举例表示，比如新股王宁德时代，在今年5月份上市，大多数的募集资金是用在其欧洲的一个电池工 厂项目。还有一些龙头企业，例如海天味业，也把部分A+H的IPO融资额用在了全球销售渠道，还有其 在东南亚供应链的搭建。 "所以，出海是个大主题，香港港交所为内地企业提供了一个首选的资金平台。" 陆琛健特别提到，宁德时代、海天味业，还有恒瑞等，其实都有一个共同点—— A+H上市。截止到 2025年第三季度，在过去一年里面有14家已经完成A+H上市。"截止到9月30日，A1的申请表里面有超 过77家已经递表，目前还更多。所以，A+H对港股今年无论是交易量，还有新股募资额的贡 ...