Core Viewpoint - Anjiu Food (603345) announced a change in its non-public stock issuance fundraising projects, shifting focus to a new baking project with a total investment of 410 million yuan [1] Group 1: Project Changes - The original projects included technology upgrades in Sichuan, Liaoning, and Taizhou, as well as an expansion project in Henan with an annual production capacity of 140,000 tons of frozen food [1] - The new project involves the establishment of a baking bread project at Dingyifeng Food (Taicang) Co., Ltd., with a total investment of 410 million yuan [1] Group 2: Fund Allocation - The company plans to reallocate a total of 361 million yuan from the unutilized fundraising of the Sichuan, Liaoning, and Taizhou technology upgrade projects, as well as the unutilized portion of the Henan expansion project [1] Group 3: Financial Projections - The new baking project is expected to have a construction period of 2 years, with projected annual revenue of 613 million yuan and an annual profit of 67.83 million yuan upon completion [1] - The internal rate of return on investment for the project is estimated at 10.38% [1]

Investment Rating - The report assigns an "Outperform" rating to multiple companies in the consumer staples sector, including Guizhou Moutai, Wuliangye, and others, indicating a positive outlook for these stocks [1]. Core Insights - The wholesale prices of Baijiu have mostly declined, with notable decreases in prices for Guizhou Moutai and Wuliangye, while prices for most consumer goods remain stable [4][10]. - The report highlights a significant drop in the discount rates for liquid milk products, indicating a shift in consumer purchasing behavior [6][18]. - Overall, the report suggests that the impact of funds is greater, advising attention to low-position stocks and heavyweight stocks in the consumer staples sector [8]. Summary by Sections Baijiu Pricing - Guizhou Moutai's wholesale prices for Feitian (case and single bottle) are 1790 and 1770 yuan, respectively, reflecting a decrease of 55 and 70 yuan from the previous month [4][37]. - Wuliangye's eighth-generation price is 895 yuan, down 25 yuan from last month [4][37]. - Luzhou Laojiao's Guojiao 1573 price increased by 10 yuan to 850 yuan [4][37]. Consumer Goods Pricing - The average discount rate for liquid milk products decreased from 74.8% to 69.4% since the end of August [6][21]. - Discount rates for soft drinks, condiments, instant foods, and beer remained stable, with slight variations in average and median values [19][35]. - The report notes that the discount rate for infant formula products also showed a minor decrease from 89.5% to 88.7% [21][35]. Investment Strategy - The report emphasizes the importance of monitoring low-position stocks and heavyweight stocks due to the greater impact of funds on the market [8].

每经AI快讯，安井食品9月30日晚间发布公告称，公司第五届第二十二次董事会会议于2025年9月30日 在公司会议室以现场加通讯的方式召开。会议审议了《关于变更公司非公开发行股票部分募投项目的议 案》等文件。 （记者 王晓波） 每经头条（nbdtoutiao）——前脚消费贷，后脚被银行追讨发票，7天内上传，否则后果严重！有人为此 焦虑，有人却趁机牟利：帮开票包过审 ...

中信建投证券股份有限公司 关于安井食品集团股份有限公司 变更非公开发行股票部分募投项目的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐人"）作 为安井食品集团股份有限公司（以下简称"安井食品"、"公司"）的保荐人， 根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规则》《上海证 券交易所股票上市规则》和《上海证券交易所上市公司自律监管指引第 1 号—— 规范运作》等有关规定，对安井食品本次变更非公开发行股票部分募投项目的事 项进行了审慎核查，核查情况如下： 一、变更募集资金投资项目的概述 （一）募集资金基本情况 经安井食品集团股份有限公司第四届董事会第十七次会议和 2020 年年度股 东大会审议通过，并经中国证券监督管理委员会《关于核准福建安井食品股份有 限公司非公开发行股票的批复》（证监许可[2021]3419 号）核准，安井食品获准 非公开发行不超过 48,884,872 股新股，发行价格为 116.08 元/股，募集资金总额 为 5,674,555,941.76 元，扣除与募集资金相关的发行费用 39,981,864.58 元（不含 增值税），公司实际募集资金净额为 5, ...

安井食品集团股份有限公司 关于变更非公开发行股票部分募投项目的公告 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： 原项目名称：四川安井技术升级改造项目（以下简称"四川安井技改项 目"）、辽宁安井技术升级改造项目（以下简称"辽宁安井技改项目"）、泰 州安井技术升级改造项目（以下简称"泰州安井技改项目"）、河南三期年产 14 万吨速冻食品扩建项目（以下简称"河南三期项目"）。 证券代码：603345 证券简称：安井食品 公告编号：临 2025-060 新项目名称和投资金额：鼎益丰食品（太仓）有限公司新建烘焙面包项 目（以下简称"鼎益丰烘焙面包项目"或"新项目"），总投资金额为 41,000.00 万元。 变更募集资金投向的金额：计划将四川安井技改项目、辽宁安井技改项 目、泰州安井技改项目尚未投入使用的募集资金合计 18,100.00 万元及河南三期 项目尚未投入使用的部分募集资金 18,041.00 万元，合计 36,141.00 万元变更用 于鼎益丰烘焙面包项目。 新项目预计正常投产并产生收益的时间：新项目总用 ...

证券代码：603345 证券简称：安井食品 公告编号：临 2025-059 安井食品集团股份有限公司 第五届监事会第十七次会议决议公告 本公司监事会及全体监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。 一、审议通过《关于变更公司非公开发行股票部分募投项目的议案》 经审核，公司监事会认为：公司本次变更部分募投项目是基于当前外部市场 环境的变化以及公司自身长远战略发展的需要而做出的审慎决策。有利于进一步 优化公司资源配置，提高募集资金的使用效率，拓展公司在冷冻烘焙领域的业务 布局，为公司培育新的利润增长点，符合公司及全体股东的利益。本次变更事项 不存在违反中国证监会、上海证券交易所等相关规定的情形。监事会同意变更本 次部分募投项目。 具体内容详见公司同日在上海证券交易所网站（http://www.sse.com.cn）披 露的《安井食品关于变更非公开发行股票部分募投项目的公告》。 表决结果：同意票 3 票；反对票 0 票；弃权票 0 票。 特此公告。 安井食品集团股份有限公司 监 事 会 2025 年 10 月 1 日 安井食品集团股份有限公司（以 ...

证券代码：603345 证券简称：安井食品 公告编号：临 2025-058 安井食品集团股份有限公司 第五届董事会第二十二次会议决议公告 2025 年 10 月 1 日 一、审议通过《关于变更公司非公开发行股票部分募投项目的议案》 为促进品类与渠道协同，打造公司新增长曲线，公司计划将四川安井技术升 级改造项目、辽宁安井技术升级改造项目、泰州安井技术升级改造项目尚未投入 使用的募集资金合计18,100.00万元及河南三期年产14万吨速冻食品扩建项目尚 未投入使用的部分募集资金 18,041.00 万元，合计 36,141.00 万元变更用于鼎益丰 食品（太仓）有限公司新建烘焙面包项目。 具体内容详见公司同日在上海证券交易所网站（http://www.sse.com.cn）披 露的《安井食品关于变更非公开发行股票部分募投项目的公告》。 表决结果为：10 票赞成；0 票反对；0 票弃权。 本议案已经公司董事会审计委员会事前审议通过，尚需提交公司股东会审议， 其召开时间另行通知。 特此公告。 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 ...

Investment Rating - The report maintains a "Recommended" investment rating for the food and beverage industry [8][56]. Core Viewpoints - The white liquor sector is expected to face pressure during the upcoming National Day and Mid-Autumn Festival due to cautious inventory stocking and a significant impact on group purchasing channels. However, traditional channels like instant retail and live streaming are experiencing rapid growth, indicating a recovery in consumer demand [6][54]. - The report highlights opportunities in high-growth segments such as prepared dishes and snacks, driven by policy support and market expansion. The introduction of national standards for prepared dishes is expected to benefit leading companies in the sector [7][55]. - The beverage sector is approaching peak season, with a focus on new consumer opportunities and retail channel transformations. Companies like "Naixue's Tea" and "Chabaidao" are highlighted for their growth potential [8][56]. Summary by Sections 1. Weekly News Summary - Industry news includes the selection of five liquor companies for the Zhejiang Province Industrial Heritage list and a 1.7% growth in Guizhou's liquor and tea manufacturing from January to August [6][20]. - Company news features Guizhou Moutai's investment in a biotechnology company and the launch of "Longma Liquor" by Langjiu [6][21]. 2. Key Company Feedback - The report provides insights into the performance of key companies in the food and beverage sector, with a focus on stock price movements and market trends [32][34]. - The white liquor industry saw a cumulative production of 4.145 million tons in 2024, a decrease of 7.72%, while revenue reached 796.4 billion yuan, an increase of 5.3% [36][38]. 3. Industry Ratings and Investment Strategies - The report suggests focusing on leading companies in the white liquor sector such as Guizhou Moutai, Wuliangye, and Luzhou Laojiao, as well as flexible stocks like JiuGui Jiu and SheDe JiuYe [6][54]. - In the snack sector, companies like Wancheng Group and Anjiu Food are recommended due to their market positioning and growth potential [7][55]. 4. Key Company and Earnings Forecast - The report lists several companies with their respective stock prices, earnings per share (EPS), price-to-earnings (PE) ratios, and investment ratings, all indicating a "Buy" recommendation [10][25]. - Notable companies include Guizhou Moutai with a stock price of 1435.00 yuan and an EPS of 68.64 for 2024, and Wuliangye with a stock price of 120.17 yuan and an EPS of 8.21 for 2024 [10][25].

Market Overview - On September 26, the food processing sector experienced a slight decline of 0.04% compared to the previous trading day, with Wei Zhi Xiang leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Jinzi Ham (002515) saw a significant increase of 6.61%, closing at 8.07 with a trading volume of 2.4855 million shares and a transaction value of 2.004 billion [1] - Wei Zhi Xiang (605089) led the declines with a drop of 4.53%, closing at 27.61 with a trading volume of 41,000 shares and a transaction value of 115 million [2] - Other notable performers included Gai Shi Food (836826) with a 2.53% increase and Longda Meishi (002726) with a 2.42% decrease [2] Capital Flow Analysis - The food processing sector experienced a net outflow of 18.3541 million from institutional investors, while retail investors saw a net inflow of 65.5132 million [2] - The capital flow data indicates that Jinzi Ham had a net inflow of 94.3197 million from institutional investors, while it faced a net outflow of 56.9452 million from speculative funds [3] - The overall trend shows that while institutional and speculative funds are withdrawing, retail investors are actively buying into the sector [2][3]

Group 1 - The core viewpoint of the article highlights that Anjuke Foods is making steady progress in its overseas business, particularly through a recent partnership with Wellcome, a leading supermarket chain in Hong Kong [1] - Anjuke Foods has successfully launched nine products from its mid-to-high-end frozen hot pot ingredient series, "Lock Fresh Packaging," in over 200 Wellcome stores in Hong Kong for trial sales [1] - The company is actively exploring and negotiating sales channels targeting B-end restaurants, hotels, and frozen food stores in the Hong Kong and Macau regions [1]