Group 1: Company Announcements - Changchun High-tech plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and international brand image [1] - Saisir reported June sales of 46,086 new energy vehicles, a year-on-year increase of 4.44%, with a total of 172,100 units sold in the first half of the year, down 14.35% year-on-year [1] - Hangzhou High-tech announced a change in controlling shareholder to Jirong Weiye, with stock resuming trading on July 2, 2025 [1] Group 2: Financial Performance - Guomai Technology expects a net profit of 125 million to 156 million yuan for the first half of 2025, a year-on-year increase of 60.52% to 100.33% [2] - Kid King anticipates a net profit of 120 million to 160 million yuan for the first half of 2025, representing a year-on-year growth of 50% to 100% [2] - Mould Technology received a project from a well-known North American electric vehicle company, with expected total sales of 1.236 billion yuan over five years [3] Group 3: Regulatory and Compliance - *ST Yuancheng is under investigation by the China Securities Regulatory Commission for suspected false disclosures in financial reports [4] - The company received a notice of investigation on July 1, 2025, which may lead to significant penalties and potential delisting [4] Group 4: Market Activity - Changcheng Military Industry's stock has experienced significant volatility, with a cumulative price deviation exceeding 20% over three trading days, indicating potential irrational speculation [5] - Anglikang has only one innovative drug project, ALK-N001, currently in Phase I clinical trials, highlighting the long and uncertain nature of drug development [6] Group 5: Sales and Contracts - Beiqi Blue Valley's subsidiary reported a 139.73% year-on-year increase in sales for the first half of the year [7] - Dong'an Power's engine sales in June increased by 82.79% year-on-year [7] - Pudong Construction's subsidiary won multiple major projects with a total bid amount of 1.964 billion yuan [7]

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。 安井食品集团股份有限公司（以下简称"公司"）正在进行发行 H 股股票并 在香港联合交易所有限公司（以下简称"香港联交所"）主板上市（以下简称"本 次发行 H 股并上市"）的相关工作。 本次拟发行的 H 股股份的认购对象仅限于符合相关条件的境外投资者及依 据中国相关法律法规有权进行境外证券投资管理的境内证券经营机构和合格境 内机构投资者及其他符合监管规定的投资者。因此，本公告仅为境内投资者及时 了解公司本次发行 H 股并上市的相关信息而作出，并不构成亦不得被视为是对 任何境内个人或实体收购、购买或认购公司任何证券的要约或要约邀请。 证券代码：603345 证券简称：安井食品 公告编号：临 2025-037 安井食品集团股份有限公司 关于境外上市外资股（H股）公开发行价格的公告 公司本次发行的 H 股预计于 2025 年 7 月 4 日在香港联交所主板挂牌并开始 上市交易。 特此公告。 安井食品集团股份有限公司 董 事 会 2025 年 7 月 2 日 公司已确定本次 H 股发行的最 ...

| 序号 | 股东名称 | 出资额（万元） | | 持股比例（%） | | --- | --- | --- | --- | --- | | 1 | 柳忠虎 | 6,632.22 | | 25.5085 | | 2 | 安井食品集团股份有限公司 | | 19,367.78 | 74.4915 | 除上述事项变更外，其余登记信息保持不变。 特此公告。 安井食品集团股份有限公司 证券代码：603345 证券简称：安井食品 公告编号：临 2025-038 安井食品集团股份有限公司 关于控股子公司完成工商变更登记的公告 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。 安井食品集团股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日、2025 年 5 月 21 日分别召开第五届董事会第十八次会议和 2024 年年度股东会，审议通 过了《关于变更控股子公司业绩承诺补偿及商誉减值赔偿方式的议案》，同意与 柳忠虎、柳静及公司控股子公司湖北新柳伍食品集团有限公司（以下简称"新柳 伍"）签署《关于湖北新柳伍食品集团有限公司之股权转让协 ...

Group 1 - The core viewpoint of the article highlights the structure and distribution of the prepared food industry in China, emphasizing the production methods and key players involved in the supply chain [1][2]. - The prepared food production in China is categorized into two main types: self-produced and self-sold, and commissioned processing [1]. - Key participants in the prepared food supply chain include upstream raw material suppliers, initial processing companies, and downstream consumer outlets such as large retail chains and emerging e-commerce platforms [2][6]. Group 2 - The regional distribution of prepared food companies is primarily concentrated in Shandong, Henan, Jiangsu, and Anhui provinces, with Shandong having the highest number of companies at 2,959, accounting for 21.2% of the national total [6][8]. - The prepared food industry is notably concentrated in the East and Central China regions, benefiting from developed agriculture and advantageous transportation networks [6][8]. - As of April 2025, there are three major prepared food industrial parks in China, with two located in Shandong province, indicating a significant regional focus on this industry [11][13].

Core Viewpoint - The Chinese frozen food industry is entering a new development opportunity, with leading company Anjuke Foods set to launch its IPO in Hong Kong, attracting significant market attention [2][8] Group 1: Company Overview - Anjuke Foods, established in 2001, has become a benchmark enterprise in China's frozen food industry, holding a market share of 6.6% in 2024, significantly surpassing competitors [4] - The company has a dominant position in the frozen prepared food market with a 13.8% market share, five times that of the second-place competitor, and a 5.0% share in the frozen dishes market, exceeding the combined share of the second to fourth competitors [4] Group 2: Brand and Product Strategy - Anjuke Foods employs a diversified brand strategy, with "Anjuke" as the core brand and sub-brands like "Frozen Mr." and "Anjuke Little Kitchen," further enriched through acquisitions of brands like "Honghu Temptation" and "Liuwu" [5] - The company has developed 39 "super products" with annual revenues exceeding 100 million yuan, with the "Fresh Lock" series launched in 2019 achieving over 1 billion yuan in revenue in 2022 and maintaining an annual growth rate of over 18% [5] Group 3: Financial Performance - In 2024, despite a challenging domestic consumption environment, Anjuke Foods achieved revenues of 15.03 billion yuan and a net profit of 1.514 billion yuan, representing year-on-year growth of 7.7% and 0.5% respectively [6] - The company has demonstrated strong cross-cycle operational capabilities, with compound annual growth rates of 22.6% in revenue and 32.2% in net profit from 2010 to 2024 [6] - Anjuke Foods has consistently returned value to shareholders, with over 1 billion yuan in dividends and buybacks in 2024, placing its dividend yield among the top in the food and beverage industry [6] Group 4: Global Expansion - The IPO will facilitate Anjuke Foods' focus on expanding into overseas markets, particularly Southeast Asia, with 35% of the raised funds allocated for expanding sales and distribution networks and another 35% for optimizing the supply chain [7] - The Southeast Asian hot pot restaurant market is growing at 14.4%, presenting significant growth opportunities for Anjuke Foods, which plans to leverage its successful Chinese experience through acquisitions of local European companies [7] Group 5: Market Timing and Investor Confidence - The timing of Anjuke Foods' IPO coincides with a vibrant Hong Kong capital market, which has become a leader in global IPO financing, allowing the company to enhance its brand influence and broaden financing channels [8] - The presence of prestigious cornerstone investors reflects strong market confidence in Anjuke Foods' growth prospects [8]

Group 1: Company Overview - Anjiu Foods has officially launched its global offering in Hong Kong, planning to issue 39.9947 million H-shares, with 10% allocated for public offering and 90% for international placement [2] - The company has successfully attracted seven prominent cornerstone investors, with a total subscription amount of $90 million (approximately HKD 706 million), representing 26.8% of the total offering [2] Group 2: Market Position and Growth Potential - Anjiu Foods is recognized as a leading enterprise in China's frozen food industry, with projected revenue exceeding RMB 15 billion in 2024 and a market share of 13.8% in the frozen prepared food segment [3] - The Chinese frozen food market is in a rapid growth phase, with a per capita annual consumption of only 10 kg, significantly lower than developed countries like the U.S. (62.2 kg) and Japan (25.3 kg) [3] - The industry is expected to maintain a compound annual growth rate (CAGR) of 9.4% over the next five years, with the market size projected to exceed RMB 300 billion [3] Group 3: Financial Performance - From 2010 to 2024, Anjiu Foods achieved a compound annual growth rate (CAGR) of 22.6% in revenue and 32.2% in net profit, demonstrating remarkable growth in the food industry [4] - In 2024, despite a challenging consumption market, the company still managed a revenue growth of 7.7%, leading the industry [4] Group 4: Shareholder Returns - Anjiu Foods has established a stable and sustainable dividend policy, with cash dividends reaching RMB 977 million in 2024, alongside a share buyback of RMB 62.7 million, totaling over RMB 1 billion in shareholder returns [6] - The current dividend yield stands at 4.36%, ranking 14th among 129 A-share food and beverage companies, reflecting a strong commitment to shareholder returns [6] Group 5: Valuation and Market Outlook - The valuation of the consumer sector is at a historical low, with the Shenyin Wanguo pre-processed food index's price-to-earnings ratio falling below the 95th percentile of the past decade [7] - Anjiu Foods has a dynamic price-to-earnings ratio of only 15 times, which is significantly misaligned with its industry position and growth potential [7] - The company's listing in Hong Kong is expected to enhance its financing channels and international visibility, facilitating its global expansion [7]

Core Viewpoint - Anjiu Food, a leading player in the frozen food industry, is set to launch its IPO on the Hong Kong Stock Exchange, aiming to raise approximately HKD 25.5 billion to enhance its sales network, procurement capabilities, and supply chain optimization [1][20]. Group 1: Company Overview - Anjiu Food was established in 2001 and has developed a strong brand presence in the frozen food sector, achieving significant market share and establishing a nationwide distribution network [2][10]. - The company has cultivated a diverse product matrix covering three main categories: frozen prepared foods, frozen dishes, and frozen noodle products, with 39 products generating over RMB 100 million in revenue each by 2024 [2][4]. Group 2: Market Position - Anjiu Food holds a dominant position in the domestic frozen food market, with a market share of 6.6%, which is double that of the second-largest competitor. In the frozen prepared food segment, its market share is 13.8%, significantly outpacing the second competitor [4][10]. - The company has established a "disruptive" leadership in the market, being the only enterprise to rank first in both core segments of frozen prepared foods and frozen dishes [4][5]. Group 3: Operational Efficiency - Anjiu Food operates 13 production bases globally, with a designed production capacity exceeding 100,000 tons and a utilization rate of 97.2% in 2024 [5][10]. - The company employs a "sales-driven + centralized production" model, optimizing logistics costs and enhancing market responsiveness, which contributes to its competitive pricing strategy [5][10]. Group 4: Financial Performance - From 2011 to 2024, Anjiu Food's revenue grew from RMB 1.224 billion to RMB 15.13 billion, with a compound annual growth rate (CAGR) of 21.3%. The net profit increased from RMB 71 million to RMB 1.485 billion, reflecting a CAGR of 26.3% [10][12]. - The company achieved a net profit margin of 10% in 2024, outperforming competitors such as Sanquan Foods and Qianwei Central Kitchen [11][12]. Group 5: Cash Flow and Risk Management - Anjiu Food reported a net cash flow from operating activities of RMB 2.024 billion in 2024, indicating a year-on-year growth of 10.3%, which is significantly higher than its competitors [12][15]. - The company maintains a healthy cash flow, supporting ongoing investments in capacity expansion, channel development, and R&D innovation [12][15]. Group 6: Market Opportunities - The Chinese frozen food market is still in its growth phase, with per capita consumption significantly lower than in developed markets. The market is expected to grow at a CAGR of 9.4% from 2024 to 2029, reaching RMB 347.3 billion [15][19]. - Anjiu Food plans to leverage its IPO proceeds to enhance its international sales and distribution networks, focusing on markets in Southeast Asia, Australia, North America, and Europe [19][20]. Group 7: Valuation and Investment Appeal - Anjiu Food's current valuation is at a historical low, with a dynamic price-to-earnings ratio of 14.16, which is below the industry average. This presents a potential opportunity for value appreciation post-IPO [21][20]. - The company's dual listing strategy (A+H shares) is expected to enhance its capital structure and facilitate its global expansion, positioning it as a benchmark in the frozen food sector [20][21].

Core Viewpoint - Anjuke Foods, a leading player in China's frozen food industry, has initiated its IPO process to list on the Hong Kong Stock Exchange, aiming to raise approximately HKD 2.496 billion through the issuance of H-shares at a maximum price of HKD 66.00 per share [1] Company Overview - Established in December 2001, Anjuke Foods has developed into a benchmark enterprise in the frozen food sector over more than two decades [3] - The company specializes in the R&D, production, and sales of frozen prepared foods, frozen dishes, and frozen noodle products, catering to various consumption scenarios including home use and dining [3] - Anjuke Foods operates 12 integrated production bases across China and has established a vast marketing network with over 2,000 primary distributors [3] Financial Performance - For the fiscal years 2022, 2023, and 2024, Anjuke Foods reported revenues of approximately RMB 12.106 billion, RMB 13.965 billion, and RMB 15.030 billion, respectively, with net profits of RMB 1.118 billion, RMB 1.501 billion, and RMB 1.514 billion [4] - In Q1 2025, the company achieved a revenue of RMB 3.600 billion, with a net profit of RMB 395 million, reflecting a 10% decrease from the same period last year [5] Market Position - According to Frost & Sullivan, Anjuke Foods holds a 6.6% market share, ranking first in China's frozen food industry by revenue as of 2024 [7] - The company leads the frozen prepared food market with a 13.8% share and also ranks first in the frozen dish market with a 5.0% share [7]

Fundraising Overview - The company raised a total of 5,674,555,941.76 CNY through a non-public offering of 48,884,872 shares at a price of 116.08 CNY per share, with a net amount of 5,634,574,077.18 CNY after deducting issuance costs [1][2] Fund Management - The company has established a three-party supervision agreement for the management of the raised funds, ensuring compliance with relevant regulations and protecting investor rights [2][3] Account Status - As of the announcement date, several fundraising special accounts are still active, while some accounts have been closed, including those at China Bank and China Minsheng Bank [3][4] Fund Utilization and Efficiency - The company has effectively managed idle funds to generate investment income and interest, while maintaining project quality and controlling costs [5][6] Account Closure - The company has completed the closure of specific fundraising accounts and transferred the remaining balance of 212,920.93 CNY to another account for ongoing projects [6][7]

Core Viewpoint - Anjoy Foods Group Co., Ltd. is in the process of issuing H shares and listing on the Hong Kong Stock Exchange, with the maximum issue price set at 66 HKD per share [1][3][4] Group 1: H Share Issuance Details - The total number of H shares for global offering is 39,994,700 shares, with 3,999,500 shares allocated for public offering in Hong Kong, representing 10% of the total [3] - The international offering consists of 35,995,200 shares, accounting for 90% of the total offering, with the possibility of an additional 5,999,200 shares through the exercise of the over-allotment option [3] - The expected listing date for the H shares on the Hong Kong Stock Exchange is July 4, 2025 [4] Group 2: Regulatory and Compliance Information - The issuance of H shares has been confirmed by the China Securities Regulatory Commission, and relevant information has been disclosed on the Shanghai Stock Exchange [2] - The H share prospectus is prepared in accordance with the regulations of the Hong Kong Stock Exchange and may differ from documents prepared under Chinese laws [2][3]