Investment Rating - The industry investment rating is "Positive" and is maintained [9] Core Insights - From 2024 to 2025, most food categories are expected to experience negative year-on-year sales growth, facing significant growth pressure. Frozen food is relatively outstanding, achieving nearly 2% positive growth in 2025. The decline in growth rates for condiments and dairy products has notably narrowed. However, convenient fast food and snack categories are under considerable pressure, with the former expected to decline by 8% in 2025 and the latter experiencing a continuous decline of over 10% for two consecutive years, primarily due to channel fragmentation, price wars, and consumer downgrading [2][4][14]. Summary by Relevant Sections Sales Growth Trends - The sales growth rate for most food categories is projected to remain negative from 2024 to 2025, with frozen food showing a positive growth of nearly 2% in 2025. The growth rate decline for condiments and dairy products has significantly narrowed, while convenient fast food and snack categories are under pressure, with the former expected to decline by 8% and the latter over 10% [2][4][14]. Sales Volume Trends - The year-on-year change in sales volume for various categories generally follows the same trend as sales revenue. The snack category is expected to see a significant increase in sales volume decline in 2025 compared to 2024, contrasting with the moderate decline in sales revenue. This is attributed to the rise of bulk snack channels, which have diverted demand for smaller purchases, forcing traditional retail channels to increase single-item specifications to maintain cost-effectiveness, thereby reducing sales volume [4][14]. Price Trends - Over the past five quarters (Q4 2024 to Q3 2025), the price index for food, beverages, and daily chemicals has consistently remained below 100, indicating ongoing price downward pressure. By Q4 2025, the indices for these three categories are concentrated between 98-99, with food slightly better than the others, but the difference is minimal. The overall price trend is converging, with a narrowing fluctuation range, indicating a lack of significant independent trends across categories, primarily influenced by the macroeconomic environment [4][16]. Subsector Performance - The food and beverage index has shown a 0.19% increase since early 2026, lagging behind the Shanghai and Shenzhen 300 index, which increased by 2.20%. The recent week has seen leading gains in red wine and snack sectors, while the white wine and condiment sectors have experienced significant pullbacks [6][42]. Industry Dynamics - The industry is actively responding to market changes through digital transformation, new product incubation, and capital operations. Notable movements include Guizhou Moutai's user growth on the "i Moutai" platform and East Peak Beverage's projected significant profit growth for 2025. Additionally, new product launches and strategic partnerships are being pursued by various companies to adapt to changing consumer preferences [7][48][49].

证券代码：603517 证券简称：ST 绝味 公告编号：2026-003 绝味食品股份有限公司 关于使用闲置募集资金进行现金管理的公告 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： 已履行的审议程序：绝味食品股份有限公司（以下简称"公司"）于 2025 年 4 月 9 日召开第六届董事会第二次会议和第五届监事会第二十三次会议， 2025 年 5 月 9 日召开公司 2024 年度股东会，审议通过了《关于使用部分暂时 闲置募集资金进行现金管理的议案》，同意公司全资子公司合计使用最高额度 不超过人民币 7 亿元（含 7 亿元）的暂时闲置募集资金进行现金管理，用于 购买安全性高、流动性好的结构化存款或稳健型短期理财产品，投资期限为 自公司 2024 年度股东会审议通过之日起 12 个月，在上述额度及期限内，可 滚动使用。公司监事会和保荐机构对该议案发表了同意意见。具体内容详见 公司于 2025 年 4 月 10 日披露的《绝味食品关于使用部分暂时闲置募集资金 进行现金管理的公告》（公告编号：2025-030）。 特 ...

2026 年第一次临时股东会会议材料 绝味食品股份有限公司 2026年第一次临时股东会会议材料 2026年1月 2026 年第一次临时股东会会议材料 绝味食品股份有限公司 2026年第一次临时股东会会议须知 为维护广大投资者的合法权益，保障股东在本次股东会期间依法行使权利， 根据《公司法》、中国证监会《上市公司股东会规则》和公司《股东会议事规则》 等有关规定，特制定本会议须知： 一、公司负责本次股东会的议程安排和会务工作，出席会议人员应当听从公 司工作人员安排，共同维护好会议秩序。 二、为保证股东会的正常秩序，除出席会议的股东或者股东代理人、董事、 高级管理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他人员进 入会场。 三、出席会议的股东须在会议召开前15分钟到达会议现场向公司会务人员办 理签到手续，并请按规定出示有效身份证件、法定代表人资格证明、股东授权委 托书等，经验证后领取会议资料，方可出席会议。 四、股东需要在股东会发言的，请在会前与公司董事会办公室联系并填写《股 东发言登记表》，由会议主持人根据会议程序和时间等条件确定发言人员。公司 董事会成员和高级管理人员应当认真负责、有针对性地集中回答 ...

绝味食品公告称，公司2026年第一次临时股东会将于1月20日召开，将审议为子公司提供担保的议案。 为满足子公司日常经营需要，公司为长沙绝味食品营销等7家子公司的房屋租赁及物业服务等提供连带 责任保证担保，金额合计4469.21万元，担保期限为自主合同约定的租赁期限届满之日起2年。被担保人 均为公司合并报表范围内子公司，具备偿债能力，担保风险可控。 ...

绝味食品股份有限公司 关于使用闲置募集资金进行现金管理的公告 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： 已履行的审议程序：绝味食品股份有限公司（以下简称"公司"）于 2025 年 4 月 9 日召开第六届董事会第二次会议和第五届监事会第二十三次会议， 2025 年 5 月 9 日召开公司 2024 年度股东会，审议通过了《关于使用部分暂时 闲置募集资金进行现金管理的议案》，同意公司全资子公司合计使用最高额度 不超过人民币 7 亿元（含 7 亿元）的暂时闲置募集资金进行现金管理，用于 购买安全性高、流动性好的结构化存款或稳健型短期理财产品，投资期限为 自公司 2024 年度股东会审议通过之日起 12 个月，在上述额度及期限内，可 滚动使用。公司监事会和保荐机构对该议案发表了同意意见。具体内容详见 公司于 2025 年 4 月 10 日披露的《绝味食品关于使用部分暂时闲置募集资金 进行现金管理的公告》（公告编号：2025-030）。 特别风险提示：公司购买的上述理财产品为保本浮动收益型的理财产 品，但仍不排除 ...

南财智讯1月6日电，ST绝味公告，公司于2025年4月9日召开第六届董事会第二次会议和第五届监事会 第二十三次会议，2025年5月9日召开公司2024年度股东会，审议通过了《关于使用部分暂时闲置募集资 金进行现金管理的议案》。资金规模为不超过人民币7.00亿元的暂时闲置募集资金。资金来源为公司 2022年非公开发行股票的暂时闲置募集资金。投资方向为购买安全性高、流动性好的结构性存款或稳健 型短期理财产品。使用期限为自公司2024年度股东会审议通过之日起12个月内有效。使用方式为资金在 额度及期限内可滚动使用。风险说明：不会影响募集资金投资项目进度和公司正常生产经营，不存在变 相改变募集资金用途的行为，但仍不排除因市场波动、宏观金融政策变化等导致收益波动的风险。 ...

Group 1 - The leisure food sector increased by 0.56% on January 5, with "Hao Xiang Ni" leading the gains [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] - Key stocks in the leisure food sector showed various performance, with "Hao Xiang Ni" closing at 11.40, up 3.17%, and "Yan Jin Pu Zi" at 70.40, up 3.06% [1] Group 2 - The leisure food sector experienced a net outflow of 29.76 million yuan from institutional funds, while retail investors saw a net inflow of 51.79 million yuan [2] - "Xi Mai Food" and "Yuan Zu Co." were among the stocks that faced declines, with "Xi Mai Food" down 5.16% to 26.67 [2] - The trading volume and turnover for various stocks in the sector varied, with "Hao Xiang Ni" achieving a turnover of 367 million yuan [1][2] Group 3 - "Yan Jin Pu Zi" had a significant net outflow of 33.46 million yuan from institutional funds, while "Tao Li Mian Bao" saw a net inflow of 12.77 million yuan [3] - "Liang Pin Pu Zi" and "Gan Yuan Food" also recorded net inflows from retail investors, indicating some interest despite overall sector outflows [3] - The data reflects a mixed sentiment in the leisure food sector, with some stocks attracting retail interest while facing institutional selling pressure [3]

Core Insights - The core viewpoint of the articles highlights the innovative strategies adopted by the company, Juewei Foods, to address the challenges of severe homogenization and intense market competition in the snack food industry, particularly in the marinated food sector [1][4]. Group 1: Financial Performance - Juewei Foods reported a net profit of 280 million yuan for the first three quarters of 2025, indicating strong financial performance despite industry challenges [2]. - The company launched a promotional "Hot Marinated Cup" meal at a group purchase price of 4.9 yuan, which includes 160 grams of rice noodles and side dishes, originally priced at 8.9 yuan. This promotion led to over 700,000 units sold on Douyin and over 170,000 units on Dazhong Dianping within a day [2]. Group 2: Innovation and New Store Formats - The company introduced three new store formats: Juewei PLUS, focusing on social dining for Generation Z with new products like mango chicken wings; Juewei Fresh Marinated, offering over 90 SKUs with a transparent pricing model; and Juewei Pot, targeting the white-collar lunch market with dishes priced around 26 yuan [2][4]. - These innovations aim to create a comprehensive consumption matrix by addressing the traditional limitations of marinated food consumption, such as single scenarios and time restrictions [4]. Group 3: Strategic Focus - The strategic focus of Juewei Foods is on "scenario-based innovation + supply chain revolution," which is seen as the core driver of industry growth. The company is leveraging diverse store formats and intelligent supply chain upgrades to align with industry trends and lead market changes [3][4]. - The transformation strategy emphasizes a user-centered approach, capturing consumer feedback to adapt offerings, thereby enhancing competitive strength and providing a replicable development path for other brands in the industry [4].

证券代码：603517 证券简称：ST 绝味 公告编号：2026-001 绝味食品股份有限公司（以下简称"公司"）于 2025 年 4 月 9 日召开第六 届董事会第二次会议和第五届监事会第二十三次会议，2025 年 5 月 9 日召开公 司 2024 年度股东会，审议通过了《关于使用部分暂时闲置募集资金进行现金管 理的议案》，同意公司全资子公司合计使用最高额度不超过人民币 7 亿元（含 7 亿元）的暂时闲置募集资金进行现金管理，用于购买安全性高、流动性好的结构 化存款或稳健型短期理财产品，投资期限为自公司 2024 年度股东会审议通过之 日起 12 个月，在上述额度及期限内，可滚动使用。公司监事会和保荐机构对该 议案发表了同意意见。具体内容详见公司于 2025 年 4 月 10 日披露的《绝味食品 关于使用部分暂时闲置募集资金进行现金管理的公告》（公告编号：2025-030）。 二、使用暂时闲置募集资金进行现金管理到期赎回情况 2025 年 11 月 12 日，广西阿秀食品有限责任公司与中国光大银行股份有限 公司签署了《对公结构性存款合同》，使用闲置募集资金人民币 18,000 万元购买 产品名称为"202 ...

Group 1 - The company will hold its first extraordinary general meeting of 2026 on January 20, 2026, at 15:30 in Changsha, Hunan Province [1][4] - Voting will be conducted through a combination of on-site and online methods, with specific time slots for online voting [2][5] - Shareholders must register to attend the meeting, with registration available from January 19, 2026, and specific requirements outlined for both corporate and individual shareholders [10][11] Group 2 - The company’s wholly-owned subsidiary, Shenzhen Wangju Investment Co., Ltd., is participating as a limited partner in the establishment of the Chengdu Xinjing 415 Equity Investment Fund, contributing 64.4 million yuan [18][19] - The fund has undergone several capital increases since its establishment, with the total subscription amount increasing from 110 million yuan to 129.1 million yuan [19][20][22] - Recent changes in the fund's partnership structure have resulted in a total contribution adjustment to 123.46323 million yuan, with all partners signing a new partnership agreement [22][23] Group 3 - The company has completed the investment projects funded by its 2019 convertible bond issuance, specifically the Hainan and Jiangsu projects, with a total surplus of 2.0023 million yuan to be used for working capital [38][39][45] - The company has established a special account for the management of raised funds, which will be closed following the completion of these projects [39][45] - The board of directors has approved the use of surplus funds for operational needs, ensuring compliance with regulatory requirements [46][55]