Core Viewpoint - The company, Weizhi Xiang, reported a decline in gross margin for two consecutive years, primarily due to fluctuations in beef raw material prices, which significantly impact its revenue structure [1] Summary by Relevant Sections Gross Margin Performance - The company's gross margin has experienced a phase of decline, attributed to the high proportion of beef products in its overall revenue structure and the significant unit value of these products [1] - The rise in raw material prices has not been fully offset by retail price adjustments, leading to pressure on overall gross margin [1] Pricing Strategy and Market Response - The company has implemented partial price adjustments in response to rising raw material costs, but these adjustments have not completely covered the cost increases [1] - The wholesale market has faced challenges in effective price transmission due to the prevailing market environment, resulting in a shift in product selection from high-value to low-value items [1] Measures to Improve Profitability - The company is taking several measures to enhance profitability, including: 1. Quick price transmission for products in response to raw material price increases [1] 2. Strengthening supply chain management by forming dedicated teams to focus on product selection and new product development, with an emphasis on category optimization [1] 3. Implementing stricter supplier admission standards and introducing more competitive bidding mechanisms to break the price inertia formed by reliance on existing partnerships [1]

Core Viewpoint - The recent surge in the stock prices of pre-prepared food companies in A-shares is attributed to the public's renewed interest in the pre-prepared food industry, sparked by the apology from Jia Guolong and the upcoming national food safety standards for pre-prepared foods [1][5]. Group 1: Stock Performance - As of September 15, several companies, including Huifa Food, Guolian Aquatic, and Tiankang Biological, saw stock price increases of over 5%, with Delisi reaching a daily limit increase [2]. - Among the rising stocks, suppliers of pre-prepared food, such as Qianwei Yangchun and Longda Meishi, are also noted [3]. Group 2: Regulatory Developments - The significant stock price increase is linked to the approval of the draft national food safety standards for pre-prepared foods by the National Health Commission on September 13, which will provide a unified "identity certification" and safety baseline for the industry [5]. - The pre-prepared food industry has seen regulatory developments only in the past three years, with standards being gradually established [8]. Group 3: Industry History and Trends - The pre-prepared food industry in China dates back to the 1990s, with significant developments occurring between 2000 and 2005, when many of the currently rising companies were registered [6]. - The rise of pre-prepared foods has been facilitated by the emergence of central kitchens and cold chain logistics since 2008, allowing for standardization and wider adoption across various restaurant types [12]. Group 4: Consumer Perception and Market Dynamics - Consumers express concerns about the safety of pre-prepared foods, reflecting a deeper frustration over the loss of transparency regarding food preparation [10]. - The convenience and cost-effectiveness of pre-prepared foods make them appealing to both large and small restaurants, leveling the playing field in the food service industry [12].

Core Insights - The debate between Luo Yonghao and Xibei highlights significant issues within the prepared food industry, revealing both reputational concerns and opportunities for healthy industry development [1] - The prepared food industry in China is experiencing rapid growth, with a projected market size of 485 billion yuan in 2024, reflecting a year-on-year increase of 33.8%, and expected to exceed 749 billion yuan by 2026 [1] - The lack of standardized definitions and regulations in the prepared food sector is a critical issue, as evidenced by the disagreement between Luo Yonghao and Xibei's founder regarding what constitutes prepared food [1] Industry Challenges - The prepared food industry faces challenges such as inconsistent standards, food safety risks, and an incomplete regulatory framework, which are exacerbated by increasing consumer demand and competition [2] - The upcoming national food safety standards for prepared foods, led by the National Health Commission, aim to address these issues by providing a unified definition and mandatory disclosure requirements for restaurants using prepared foods [2] - The market's positive response to the news of these standards indicates a potential for growth and increased investor interest in the prepared food sector [2] Quality and Consumer Trust - Quality is identified as a vital aspect of the prepared food industry, with consumer anxiety over product quality being a significant concern [3] - Companies must elevate quality to become a core competitive advantage, transitioning from merely fulfilling basic needs to offering value that consumers actively choose [3] - The anticipated introduction of the national food safety standards is expected to gradually resolve long-standing issues in the industry, promoting a more regulated and healthier market environment [3]

Core Viewpoint - The recent events involving Luo Yonghao and Xibei have sparked renewed consumer interest in the "pre-prepared dishes" industry, leading to significant stock price increases for related listed companies on September 15, 2025 [1][10]. Industry Overview - The pre-prepared dishes industry is gradually entering a path of standardized development, with regulations and standards being established in recent years. However, challenges such as low entry barriers and varying consumer perceptions complicate market entry for new players [3][4]. - In March 2024, a joint notification from several government departments outlined clear definitions and standards for pre-prepared dishes, marking the beginning of a standardized development path for the industry [4]. Market Growth - According to iMedia Consulting, the market size of China's pre-prepared dishes reached 485 billion yuan in 2024, reflecting a year-on-year growth of 33.8%. The market is expected to grow to 749 billion yuan by 2026 due to technological advancements and supportive policies [5]. Competitive Landscape - Despite rapid market growth, the industry faces intense competition, characterized by low entry barriers, product homogeneity, and a crisis of consumer trust, leading to declining profits across many companies [6][9]. - Financial reports from various pre-prepared dish companies for the first half of 2025 indicate a general decline in net profits, with several companies reporting losses. For instance, Guolian Aquatic Products reported a loss of 550 million yuan [7][9]. Company Performance - Key financial metrics from several pre-prepared dish companies for the first half of 2025 include: - Longda Meishi: Revenue of 782 million yuan (-19.5% YoY), gross margin of 12.43% (+1.24% YoY) - Guolian Aquatic Products: Revenue of 1.65 billion yuan (-18.36% YoY), net loss of 550 million yuan - Huifa Food: Revenue of 734 million yuan (-17.75% YoY), net loss of 31 million yuan - Aixin Food: Revenue of 7.604 billion yuan (+0.8% YoY), gross margin of 20.52% (-3.39% YoY) [7][9]. Consumer Insights - Consumers express a desire for transparency and choice regarding pre-prepared dishes, indicating that they are not opposed to the concept but seek better information about the products [10].

Core Viewpoint - The recent controversy surrounding pre-prepared dishes, sparked by comments from entrepreneur Luo Yonghao, has led to increased attention on the pre-prepared food sector, particularly with the upcoming national food safety standards set to clarify the definition and disclosure requirements for pre-prepared dishes [2][4] Industry Summary - The National Health Commission has successfully passed the draft of the "National Standards for Food Safety of Pre-prepared Dishes," which will soon be open for public consultation, aiming to establish a unified standard for the industry [2][4] - The introduction of these standards is expected to enhance industry self-regulation and benefit leading brands, allowing them to consolidate their market advantages [3][4] Company Summary - Following the news, several A-share pre-prepared dish concept stocks experienced significant gains, with Delisi reaching a 10.10% increase, closing at 5.45 yuan, and projecting that pre-prepared dish revenue will account for 21.67% of its total revenue in 2024 [3] - Other notable stocks included Weizhi Xiang, which saw a 4.93% increase, and Longda Meishi, a supplier to Xibei, which rose by 5.69% after signing a strategic cooperation agreement with Xibei [3]

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个别及连带责任。 证券代码：605089 证券简称：味知香 公告编号：2025-056 苏州市味知香食品股份有限公司 关 2025 年半年度业绩说明会召开情况的公告 苏州市味知香食品股份有限公司（以下简称"公司"）已于 2025 年 9 月 15 日 15:00-16:00 通过上海证券交易所上证路演中心（http://roadshow.sseinfo.com） 以上证路演中心网络互动方式召开了公司 2025 年半年度业绩说明会。现将说明 会情况公告如下： 问题：请问贵公司今年主要发展方向是什么？能否简单描述一下！ 答：您好，在零售渠道方面，一是全力协助加盟店优化升级，从门店装修、 陈列布局到信息化设备的升级改造，精细化运营，帮助门店逐步搭载 O2O 渠道， 接入线上平台，形成"线上下单、附近门店派送"的模式，扩充销售半径，在提 升门店形象的同时提高运营效率；二是公司推行"千城万店"计划，鼓励优秀的 店主成为"城市合伙人"，给予相关政策支持，统一输出品牌价值，通过标准化 升级和规模化开店结合 ...

Core Insights - The food processing sector experienced a 0.49% increase on September 15, with Delisi leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Food Processing Sector Performance - Delisi (002330) saw a closing price of 5.45, with a significant increase of 10.10% and a trading volume of 377,200 shares, amounting to a transaction value of 206 million yuan [1] - Longda Meishi (002726) closed at 6.13, up 5.69%, with a trading volume of 1,211,600 shares and a transaction value of 741 million yuan [1] - Huifa Food (603536) closed at 11.40, up 5.56%, with a trading volume of 467,800 shares and a transaction value of 542 million yuan [1] - Other notable performers include Weizhi Xiang (605089) with a 4.93% increase, and Huatong Co. (002840) with a 4.88% increase [1] Capital Flow Analysis - The food processing sector saw a net inflow of 258 million yuan from institutional investors, while retail investors experienced a net outflow of 216 million yuan [2] - The main capital inflow was observed in Huifa Food, with a net inflow of 93.15 million yuan, representing 17.17% of the total [3] - Delisi had a net inflow of 45.21 million yuan, accounting for 21.99% of its trading volume, despite a net outflow from retail investors [3]

截至智通财经发稿，得利斯（002330.SZ）涨停，惠发食品（603536.SH）涨停，味知香（605089.SH）、国联水产（300094.SZ）、千味央厨（001215.SZ） 等跟涨。 当天，西贝发布致歉信称，将尽可能把中央厨房前置加工工艺调整到门店现场加工。2025年10月1日前，西贝全国门店会陆续完成相关调整。 登录新浪财经APP 搜索【信披】查看更多考评等级 智通财经编辑 | 江怡曼 近日，罗永浩与西贝的"预制菜争议"被大众所关注。9月15日，A股预制菜概念持续活跃。 9月13日，据第一财经报道，国家卫健委主导的《预制菜食品安全国家标准》草案已通过审查，即将向社会公开征求意见。届时，预制菜"身份"将有统一说 法，餐饮门店是否使用、如何使用预制菜，也将首次纳入信息披露范畴。也有专家建议，预制菜的上述信息应强制披露。 千味央厨在互动平台回答投资者关于如何应对公众对预制菜行业的信任危机时表示，其深刻理解并高度重视当前市场对预制菜行业存在的信任挑战，并采取 了多项应对措施，包括源头严控与供应链升级，公司始终将保障原料的稳定供应与卓越质量视为重中之重；构建严密的质量监控体系，针对不同业务环节制 定了质量管理 ...

Group 1 - The recent dispute between Luo Yonghao and Jia Guolong has not significantly impacted the prepared food sector, with stocks like Delisi and Huifa Food seeing strong performance [1] - On September 15, the prepared food concept saw an initial surge, with stocks such as Delisi (002330.SZ) and Huifa Food (603536.SH) hitting the daily limit, while others like Weizhi Xiang and Guolian Aquatic also experienced gains [1][2] - The prepared food index rose by 1.19%, indicating a positive market sentiment towards the sector [2] Group 2 - The prepared food industry faces challenges such as diverse consumer demands and intensified competition, which require companies to adapt and improve [6] - Weizhi Xiang, known as the "first stock of prepared food" in A-shares, reported a 24.46% year-on-year decline in net profit for the first half of the year [7] - Qianwei Yangchun has acknowledged the trust crisis in the prepared food sector and is implementing measures such as strict source control and supply chain upgrades to ensure quality [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 智通财经记者 徐宏文 9月15日开盘，A股预制菜概念发酵，味知香（605089）、得利斯（002330）等集合竞价直接封死于涨 停板之上。 "该标准主要是规定定义和食品安全指标要求。"据一位参与起草的专家透露，草案对预制菜的分类、原 料、加工工艺、贮存运输及检验方法作出了统一规定，并首次提出"不添加防腐剂"等强制性指标。与现 行141项团体、地方标准相比，国标条款更聚焦"安全底线"，为监管执法提供直接依据。 截至发稿时，得利斯依旧涨停，但味知香已打开涨停板，涨幅收窄至4%以内。 本 期 编 辑 邢潭 2024年7月，国家市场监管总局发布《食品安全国家标准-预制菜（征求意见稿）》，不过截至目前，该 标准尚未正式发布实施。 征求意见指出，标准适用于预制菜的生产和经营，不适用于主食类食品、净菜类食品、即食类食品和中 央厨房制作的菜肴。预制菜肴是以一种或多种食用农产品及其制品为原料，使用或不使用调味料等辅 料，不添加防腐剂，经工业化预加工（如搅拌、腌制、滚揉、成型、炒、炸、烤、煮、蒸等）制成，配 以或不配以调味料包，加热或熟制后方可食用的预包装菜肴产品。 另据第一财经 ...