证券代码：605300 证券简称：佳禾食品 公告编号：2025-095 | 产品名称 | | 受托方 | 产品 | 产品起始日 | 投资 | 是否 存在 | | 资金 | 预期年 | 实际 收益 | 未到 | 逾期 未收 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | -产品到期 | | | 收益类型 | | 化收益 | | 期金 | | | | | 名称 | 类型 | 日 | 金额 | 受限 | | 来源 | 率 | 或损 | 额 | 回金 | | | | | | | | 情形 | | | | 失 | | 额 | | 中信证券股 份有限公司 | | 中信证 券股份 | 券商 | | | | 浮动收益型 收益凭证 | | | | | | | 安泰保盈系 | | | | 2025/9/23-2 | 20,000 | 否 | | 募集 | 0.063%- | 148 | 0 | 0 | | | | 有限公 | 理财 | 025/12/22【注】 | 万元 | | （按约定还 | ...

Group 1 - The core event was organized by Huafu Securities to enhance communication between investors and Jiahe Food, promoting market transparency and rational investment [1] - The event included a visit to Jiahe Food's headquarters, showcasing its development history, product matrix, and advanced production technology [1] - Jiahe Food's Secretary of the Board, Liu Xinren, discussed the company's core business progress and future development plans, emphasizing the focus on health food and brand influence [1] Group 2 - Investors expressed high appreciation for the event, highlighting the valuable insights gained into Jiahe Food's production processes and quality control systems [2] - The event provided a rare opportunity for direct dialogue between investors and the company, aiding in more rational investment decisions [2] - Huafu Securities aims to continue facilitating such events to enhance investor engagement and contribute to the high-quality development of the capital market [2] Group 3 - Jiahe Food, established in 2001 and headquartered in Suzhou, Jiangsu, is a modern food industry enterprise integrating R&D, production, and sales [4] - The company was successfully listed on the Shanghai Stock Exchange in April 2021 and has become a significant provider of food ingredient solutions in China [4] - Jiahe Food aims to serve the global catering industry and enhance its position as an excellent enterprise [4]

Group 1 - The beverage and dairy sector increased by 0.75% on December 17, with Zhuangyuan Pasture leading the gains [1] - The Shanghai Composite Index closed at 3870.28, up 1.19%, while the Shenzhen Component Index closed at 13224.51, up 2.4% [1] - Zhuangyuan Pasture's stock price rose by 10.05% to 11.28, with a trading volume of 174,000 shares and a transaction value of 191 million yuan [1] Group 2 - The beverage and dairy sector saw a net outflow of 26.73 million yuan from institutional funds, while retail investors experienced a net outflow of 104 million yuan [2] - The stock of Huangshi Group fell by 10.04% to 4.12, with a trading volume of 1.7865 million shares and a transaction value of 765 million yuan [2] - The stock of Beiningmei decreased by 2.22% to 6.17, with a trading volume of 805,400 shares and a transaction value of 498 million yuan [2]

Core Viewpoint - Hainan Jiaying Trading Co., Ltd. has been established with a registered capital of 15 million RMB, fully owned by Jiahe Food Industry Co., Ltd. [1] Company Summary - The legal representative of Hainan Jiaying Trading Co., Ltd. is Liu Xinren [1] - The company is registered with a capital of 15 million RMB [1] - Jiahe Food Industry Co., Ltd. holds 100% ownership of Hainan Jiaying Trading Co., Ltd. [1] Business Scope - The business scope includes licensed operations such as food sales and internet food sales (subject to permits) [1] - General business activities include internet sales of pre-packaged food, food sales (only pre-packaged food), packaging services, daily necessities sales, wholesale of daily necessities, and sales of daily goods [1] - The company is located in Haikou City, Hainan Province, within the National High-tech Industrial Development Zone [1] Company Type and Registration - Hainan Jiaying Trading Co., Ltd. is classified as a limited liability company (wholly owned by a legal entity) [1] - The business registration is valid until December 8, 2025, with no fixed term thereafter [1] - The registration authority is the Hainan Provincial Market Supervision Administration [1]

Core Insights - The trend of "shareholder rewards" has significantly increased in 2025, with over 30 A-share companies participating, marking a nearly 90% growth compared to 18 companies in 2024 [2][3] - The primary sectors driving this trend are food and beverage, tourism services, and other consumer-facing industries, which aim to enhance investor relations and brand influence [2][3][6] Company Activities - Companies like Jiahua Food and Emei Mountain A have initiated various shareholder reward activities, including free product giveaways and exclusive access to services [4][5] - Jiahua Food, for instance, offered free coffee products to shareholders to enhance their understanding of the brand and gather feedback [4] - Emei Mountain A provided free access to scenic spots and discounts at hotels for shareholders, aiming to deepen their connection with the company's offerings [5] Market Reactions - Announcements of shareholder rewards often attract market attention and can lead to short-term stock price increases, as seen with Emei Mountain A and Qianwei Central Kitchen [6][7] - While these events can create temporary trading opportunities, they are not expected to have a lasting impact on the company's overall performance [6][7] Strategic Implications - The shareholder reward activities serve as a novel communication method between companies and shareholders, transforming shareholders into product "experience officers" [6] - Companies aim to strengthen brand recognition and gather genuine user feedback through these initiatives, fostering a more robust investor relationship [6][7]

Group 1 - Qianwei Central Kitchen announced a shareholder gift plan, offering frozen product gift packages worth 200 yuan to shareholders holding 100 shares or more, clarifying that this is a seasonal reward and not a stock clearance effort [3][4] - Former Wahaha Group executive Pan Jiajie has joined Guming as Senior Vice President of Supply Chain, focusing on new business incubation, which is expected to enhance the company's supply chain and production management [3][4] - Country Garden Services has formed a strategic partnership with Mengniu Group to collaborate on various dairy products, aiming to reduce delivery costs and improve service efficiency in community logistics [6][7] Group 2 - Lu Hua Group signed a strategic cooperation agreement with NetEase Yanxuan to leverage each other's strengths in channel capabilities and product quality to expand online market reach [6][7] - Zilin Vinegar's main products have received EU organic certification, allowing them to use the EU organic logo and access the EU market [6] - COFCO Technology plans to invest 880 million yuan to build a new starch sugar project in Pingliang, with a capacity of 250,000 tons per year, aiming to fill a gap in the northwest region [6][7] Group 3 - Gai Shi Food launched a new black gold gift box featuring rare seafood, inspired by "Seven Swords Descend from the Sky," targeting various gifting scenarios [7] - Jiangzhong Shiliao introduced a new series of vegetarian noodles, emphasizing high protein and low fat, suitable for health-conscious consumers [7] - The market has seen a rise in discussions around "hormone eggs," with misinformation spreading about their characteristics, highlighting the public's concern for food safety [10][11] Group 4 - Chilean cherry exporters have officially launched the 2025/26 cherry season in China, with over 546,000 tons imported in the previous season, amounting to approximately 3.3 billion USD [12] - Beijing's government has proposed to enhance the modern logistics system, focusing on food safety in key sectors and promoting cold chain logistics for fresh food [12]

Core Viewpoint - Jiahe Foods has been providing free products to all shareholders for four consecutive years since 2022 as a gesture of appreciation for their support and to enhance their understanding of the company's products [1] Group 1 - The company has engaged in a shareholder appreciation initiative by gifting products to shareholders [1] - Future activities related to this initiative will be disclosed in a timely manner [1]

Core Viewpoint - Jiahe Food is transitioning from an "OEM" to a "consumer brand" amid pressure on its core business of plant-based creamers, which has historically been central to the new tea beverage supply chain [1][7] Financial Performance - In the first three quarters of 2025, Jiahe Food reported a revenue of 1.77 billion yuan, a year-on-year increase of 5.3%, but the net profit attributable to shareholders was only 26 million yuan, a significant decline of 68.5% [2][8] - The decline in net profit is primarily due to rising raw material costs and increased marketing expenses, which have severely impacted cash flow, with a 99% year-on-year drop in net cash flow from operating activities [2][8] - However, the third quarter showed signs of recovery, with revenue of 583 million yuan, a slight decrease of 3.9%, and a net profit of 13.57 million yuan, reflecting a 2.7% year-on-year growth, ending a streak of declining profits [2][8] Strategic Transformation - Jiahe Food's transformation strategy focuses on expanding its plant-based and coffee segments, aiming for a 2B2C collaborative ecosystem [3][9] - The coffee business has become a key focus, with significant progress in production capacity, including the launch of a 5,000-ton roasted coffee bean production line [3][9] - The coffee market in China is projected to reach nearly 130 billion yuan by 2025, with over 260,000 stores, indicating a robust growth opportunity for Jiahe Food [3][9] B2B Relationships - The company maintains strong partnerships with major domestic and international chain restaurants and food enterprises, including traditional clients like Xiangpiaopiao and Wahaha, as well as new tea brands like Hushang Auntie and Mixue Ice City [4][10] - Jiahe Food's plant-based creamers have been upgraded to "zero trans fat," aligning with health consumption trends and attempting to maintain its market position amid the "de-plant-based cream" trend [4][10] Challenges in Transformation - Despite a clear transformation direction, Jiahe Food faces multiple challenges that hinder its profitability recovery, including rising raw material costs and intense competition [5][11] - The increase in raw material procurement costs has directly impacted profit margins, while ongoing marketing investments are necessary for building C-end brands [5][11] - As a traditional B-end company, Jiahe Food is still in the early stages of C-end brand development, facing challenges in brand recognition and sustainable pricing strategies [5][11]

Core Viewpoint - Jiahe Food Industrial Co., Ltd. is enhancing investor engagement by participating in the "2025 Suzhou Listed Companies Investor Collective Reception Day" [1] Group 1: Event Details - The event will be held online on December 2, 2025, from 15:30 to 17:00 [1] - Key personnel attending include Secretary of the Board Liu Xinren, CFO Shen Xueliang, and Securities Affairs Representative Gao Zhonglan [1] - Investors can participate through the "Panorama Roadshow" website, WeChat public account, or by downloading the Panorama Roadshow APP [1]

Group 1 - The core point of the article is that Jiahe Food Industry Co., Ltd. will participate in the "2025 Suzhou Listed Companies Investor Reception Day" to enhance interaction with investors [1] - The event is scheduled to take place on December 2, 2025 [1]