Core Viewpoint - Anjoy Food Group Co., Ltd. is holding an investor briefing on June 20, 2025, to discuss its 2024 annual and 2025 Q1 financial results and address investor inquiries [1][2]. Group 1: Meeting Details - The investor briefing is scheduled for June 20, 2025, from 15:00 to 16:30 [2][3]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center, accessible via the website: https://roadshow.sseinfo.com/ [2][3]. - The format of the meeting will be a combination of video live streaming and online interaction [2][3]. Group 2: Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [3]. - Questions can be submitted from June 13, 2025, to June 19, 2025, before 16:00, either through the website or via the company's email [3]. - The company will address commonly asked questions during the briefing [2][3]. Group 3: Attendees - Key attendees of the briefing will include Chairman Liu Mingming, General Manager Zhang Qingmiao, Independent Director Zhang Yueping, CFO Tang Yi, and Secretary of the Board Liang Chen [2].

安井食品集团股份有限公司 董 事 会 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"）正在进行申请发行 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。香港联交所上市委员会于 2025 年 6 月 5 日举行上市聆讯，审议公司本次发行 H 股并上市的申请。 公司本次发行 H 股并上市的联席保荐人已于 2025 年 6 月 6 日收到香港联交 所向其发出的信函，其中指出香港联交所上市委员会已审阅公司的上市申请，但 该信函不构成正式的上市批准，香港联交所仍有对公司的上市申请提出进一步意 见的权力。 公司本次发行 H 股并上市尚需取得香港证券及期货事务监察委员会和香港 联交所等相关监管机构、证券交易所的最终批准，该事项仍存在不确定性。公司 将根据该事项的进展情况依法及时履行信息披露义务，敬请广大投资者注意投资 风险。 特此公告。 证券代码：603345 证券简称：安井食品 公告编号：2025-029 安井食品集团股 ...

证券代码：603345 证券简称：安井食品 公告编号：2025-030 安井食品集团股份有限公司 关于召开2024年度暨2025年第一季度业绩说明会的公告 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： 会议召开时间：2025 年 6 月 20 日（星期五）15:00-16:30 安井食品集团股份有限公司（以下简称"公司"）已于 2025 年 4 月 29 日发 布公司 2024 年度报告、2025 年第一季度报告，为便于广大投资者更全面深入地 了解公司 2024 年度及 2025 年第一季度报告经营成果、财务状况，公司计划于 2025 年 6 月 20 日（星期五）15:00-16:30 举行 2024 年度暨 2025 年第一季度业绩 说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对 2024 年度及 2025 年第一季度的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的 ...

安井食品：香港联交所上市委员会于2025年6月5日举行上市聆讯，审议公司本次发行H股并上市的申 请。 ...

Core Insights - In 2024, China's total retail sales of consumer goods reached 48.79 trillion yuan, growing by 3.5%, marking the first time it fell below the GDP growth rate of 5% [1] - The fast-moving consumer goods (FMCG) industry is transitioning into a phase dominated by "stock competition," focusing on efficiency improvement, brand optimization, and structural adjustments [1] FMCG Company Performance - **Master Kong**: Achieved revenue of 806.51 billion yuan, a slight increase of 0.30%, with net profit rising by 19.80% to 37.34 billion yuan [2][6] - **Nongfu Spring**: Reported revenue of 428.96 billion yuan, up by 0.50%, and net profit of 121.23 billion yuan, a marginal increase of 0.40% [2][6] - **Uni-President**: Generated revenue of 303.32 billion yuan, a growth of 6.09%, with net profit of 18.49 billion yuan, increasing by 10.90% [2][6] - **China Foods**: Recorded revenue of 214.92 billion yuan, up by 0.20%, and net profit of 8.61 billion yuan, a growth of 3.40% [2][6] - **Eastroc Beverage**: Achieved significant growth with revenue of 158.39 billion yuan, up by 40.63%, and net profit of 33.27 billion yuan, increasing by 63.09% [2][6] - **Three Squirrels**: Reported revenue of 106.22 billion yuan, a substantial increase of 49.30%, with net profit rising by 85.51% to 4.08 billion yuan [2][6] Industry Trends - The FMCG sector is experiencing a shift towards efficiency and brand optimization as the era of rapid market growth driven by demographic dividends comes to an end [1] - Companies are adapting to market changes through product innovation, structural optimization, and brand rejuvenation to establish new growth curves and core competitiveness [13] - The beverage segment is seeing strong performance from Nongfu Spring's tea drinks, which have become a major revenue source despite challenges in the bottled water segment [8][13] - The snack segment is witnessing varied performance, with companies like Qinqin Foods achieving profitability through export and OEM manufacturing, while others like Liuyifei face challenges due to strategic adjustments [13] Dairy Industry Performance - **Yili Group**: Maintained its position as Asia's leading dairy company with revenue of 1,157.80 billion yuan, despite a decline of 8.24% [15][16] - **Mengniu Dairy**: Experienced a revenue drop of 10.09% to 886.75 billion yuan, with net profit significantly declining by 97.83% [15][16] - **Bright Dairy**: Reported revenue of 242.78 billion yuan, down by 8.33%, and net profit of 7.22 billion yuan, a decrease of 25.36% [15][16] - The dairy industry is facing challenges with supply-demand imbalances and declining consumer demand, leading to revenue declines for many traditional dairy giants [18]

证券代码：603345 证券简称：安井食品 公告编号：临 2025-028 安井食品集团股份有限公司 关于为控股子公司担保的进展公告 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： 被担保人名称及是否为上市公司关联人：洪湖市新宏业食品有限公司（以 下简称"新宏业"）为安井食品集团股份有限公司（以下简称"公司"）合并报表 范围内的控股子公司，不属于关联人。 公司控股子公司新宏业因收购小龙虾原料等业务需向银行申请贷款等综合 授用信业务，为保证新宏业授信额度的履行，公司与中国农业银行股份有限公司 洪湖市支行（以下简称"农业银行洪湖支行"）签订了《最高额保证合同》，为 新宏业提供担保金额 12,000.00 万元，担保方式为公司与新宏业少数股东共同承 担连带保证责任。 本次担保金额及已实际为其提供的担保余额：本次为上述被担保人提供 的担保金额为人民币 12,000.00 万元。截至本公告披露日，公司已实际为其提供 的担保余额为人民币 20,700.00 万元。 一、担保情况概述 公司于 2025 年 5 月 21 日召 ...

Group 1 - Tianfeng Securities reports that trading indicators in May continue to decline month-on-month, indicating that market trading sentiment remains at a phase low [1] - Asset linkage indicators and market allocation indicators suggest significant potential for upward movement in the market [1] - Investor behavior shows a substantial increase in repurchase scale month-on-month, while the net reduction of industrial capital has widened significantly [1] Group 2 - CICC states that the market may maintain a volatile pattern due to a combination of internal and external factors [2] - Small and medium-sized growth stocks are performing relatively well, benefiting from ample liquidity and technology narratives [2] - Key areas to focus on include mergers and acquisitions, sectors with policy support, and industries less affected by tariffs, such as the AI industry chain and export chains with low exposure to the US [2] Group 3 - CITIC Securities indicates that the food and beverage sector's Q1 reports maintain high quality, with overall stability since April [3] - The government aims to boost consumption as a primary driver of economic growth, with a comprehensive plan to guide consumption recovery [3] - Four key segments are highlighted: 1) Baijiu with stable performance from leading companies, 2) Beer with a rebound in sales, 3) Restaurant chains with strong product channel layouts, and 4) High demand for leisure snacks and health-focused products [3]

Investment Rating - The report maintains a "Positive" investment rating for the food and beverage industry [4]. Core Viewpoints - The new consumption trend continues, focusing on low-priced/undervalued stocks with potential catalysts, particularly in the food sector, new retail channels, and health products [2][29]. - The report highlights the need to pay attention to the white liquor sector, which may face pressure in the second quarter, suggesting a focus on leading brands with strong market positions [16][29]. Summary by Sections White Liquor Sector - The white liquor sector is currently under pressure, with a recommendation to prioritize leading brands such as Guizhou Moutai, Wuliangye, and Shanxi Fenjiu for mid-term investments [16][29]. - Recent policies regarding public receptions may impact white liquor consumption, but the overall effect is expected to be limited due to a shift from government to business consumption since 2016 [7][16]. - The report notes that the white liquor sector is still in a bottoming phase, with opportunities for mid-term positioning in leading brands [4][16]. Consumer Goods Sector - The consumer goods sector shows a continuation of the new consumption trend, with a focus on potential catalysts in food categories, new retail channels, and health products [2][29]. - Recommended stocks in this sector include Jin Zai Foods, New Dairy, Anji Foods, and others, with a focus on companies that can leverage new retail opportunities [2][29]. Market Performance - From May 26 to May 30, the Shanghai Composite Index fell by 1.08%, while non-dairy beverages and other liquor categories saw gains of 8.96% and 7.93%, respectively, with white liquor declining by 2.80% [2][35]. - Specific stocks such as Tianyoude Liquor and Huazhi Liquor showed positive performance, while others like Luzhou Laojiao and Shanxi Fenjiu experienced declines [3][39]. Price Trends - The report provides insights into the pricing trends of key white liquor brands, indicating stable prices for Guizhou Moutai and Wuliangye, with slight fluctuations noted [15][55].

公司公告汇总 截至2025年5月30日收盘，安井食品（603345）报收于83.8元，较上周的83.86元下跌0.07%。本周，安 井食品5月26日盘中最高价报85.9元。5月29日盘中最低价报82.68元。安井食品当前最新总市值245.78亿 元，在食品加工板块市值排名2/24，在两市A股市值排名599/5146。 本周关注点 公司公告汇总：安井食品为控股子公司洪湖市新宏业食品有限公司提供18000万元担保 安井食品为控股子公司洪湖市新宏业食品有限公司提供担保，担保金额为人民币18000万元，担保方式 为连带责任保证，合同期限3年。截至公告披露日，安井食品已实际为新宏业提供的担保余额为人民币 10900万元，对外担保总额为46100万元，占上市公司最近一期经审计净资产的3.56%，不存在逾期对外 担保。新宏业成立于2017年10月25日，注册资本8000万元人民币，安井食品持有其90%股权。新宏业的 主要财务数据显示，2024年12月31日资产总额79456.01万元，负债总额15643.82万元，净资产63812.20 万元；2025年3月31日资产总额75640.46万元，负债总额12197.89万元， ...

Group 1 - The Chinese catering industry is at a crossroads of scale expansion and value reconstruction, with a projected revenue growth of 5.3% in 2024, reaching 5.57 trillion yuan [1] - The industry faces pressures of declining average spending and profits, alongside intensified market competition [1] - A significant trend is emerging where capable catering and tea enterprises are accelerating their overseas expansion, focusing on cultural integration, standardization, and supply chain development [1] Group 2 - The international catering service market is expected to reach $3.8 trillion by 2026, with a compound annual growth rate of 5.9% from 2022 to 2026 [2] - The share of Chinese cuisine in the international market is projected to grow to 10.8% by 2026, outpacing the overall growth of the international catering market [2] - Key motivations for Chinese brands to enter international markets include the need for market expansion, cultural promotion through cuisine, and increasing acceptance of Chinese food among local consumers [2] Group 3 - The Chinese government has issued guidelines to support the overseas expansion of Chinese cuisine, including cooperation in inspection and quarantine, and promoting Chinese chefs to work abroad [3] - Historical examples of successful overseas expansion include companies like Happy Lamb, which has established over 100 stores in more than 10 countries [3] - The current phase of globalization for Chinese catering is shifting from single-store models to systematic and scalable development [3] Group 4 - Supply chain integration is a core driver for the success of Chinese catering enterprises in international markets, with companies like Haidilao and Mixue leveraging their supply chain advantages [4] - Mixue has established a vast network of over 46,000 stores across 11 countries, supported by a standardized product system [4] - The company aims to continue expanding into new markets to build a globally influential brand [4] Group 5 - The process of "going overseas" is not without challenges, including cultural misunderstandings and regulatory hurdles that can lead to operational difficulties [5][6] - Establishing a global certification system for Chinese chefs and leveraging technology in supply chains are seen as essential for overcoming these challenges [6] - Successful overseas expansion requires careful brand development and local market adaptation, as well as digital empowerment strategies [7] Group 6 - Industry associations are increasingly focused on supporting enterprises in their overseas endeavors, addressing needs for cross-border resource integration and local operational support [8] - Several companies, including Guming and Mixue, have successfully listed on the Hong Kong Stock Exchange to secure funding for their international strategies [8] - Future plans for overseas expansion include targeting markets with significant growth potential, such as Malaysia, the Philippines, and North America [8]