Summary of Key Points Core Viewpoint - On September 12, four listed companies conducted stock buybacks, indicating a trend of companies returning capital to shareholders and potentially signaling confidence in their future performance [2]. Group 1: Company Buyback Details - Dongfang Biological conducted the largest buyback, amounting to 22.11 million yuan, with a total of 820,000 shares repurchased [2]. - Great Wall Motors repurchased shares worth 13.53 million yuan, totaling 1.08 million shares [2]. - Qianwei Yangchu repurchased shares for 3.72 million yuan, with a total of 110,000 shares bought back [2].

齐鲁晚报·齐鲁壹点记者 尹睿 近日，罗永浩在个人微博上对西贝使用预制菜的猛烈抨击，再次将预制菜行业推向舆论的风口浪尖。 多家企业在财报中指出，原材料价格波动是利润下滑的主因之一。味知香坦言，部分原材料价格上涨压 缩了利润空间；千味央厨在财报中也提到，"原料价格波动对公司经营利润的影响显著，原料价格波动 带来的利润压力仍然较大"。此外，伴随着越来越多的企业涌入预制菜市场，行业竞争加剧，市场饱和 度逐渐提高，企业为争夺市场份额，不得不加大促销力度，进一步压缩了利润空间，"以价换量"成为普 遍策略。 另一方面，预制菜企业对B端客户的高度依赖在很大程度上影响着行业发展。以千味央厨为例，上半年 其经销商数量从去年同期的1953 家减少至1591家，净减少362家，降幅达18.54%。华鑫证券在研报中提 到，千味央厨主要依赖餐饮渠道客户，如百胜、海底捞、华莱士等。2025上半年，海底捞、华莱士等客 户营收承压，若B端市场复苏节奏缓慢，将影响千味央厨整体业绩表现。 艾媒咨询报告也指出，中国预制菜市场的销售以B端为主，主要面向餐饮企业。据统计数据，在2023年 预制菜市场规模中，B端市场占比70%左右。盘古智库高级研究员江瀚 ...

Core Viewpoint - The overall recovery of the domestic catering industry in the first half of the year was weaker than expected, significantly impacting Qianwei Yangchu (001215.SZ), which reported a nearly flat revenue and a substantial decline in profit [2][3]. Group 1: Financial Performance - Qianwei Yangchu's revenue for the first half of the year was 886 million yuan, a slight decrease of 0.72% year-on-year, while the net profit attributable to shareholders fell by 39.67% to 35.79 million yuan [2][3]. - The company's gross profit margin decreased by 1.62 percentage points to 23.59%, indicating pressure on profitability [5]. - The revenue from staple foods, which contributed over 40% of total income, declined by 9.1% to 413 million yuan, while snack food revenue fell by 6.57% to 197 million yuan [3][4]. Group 2: Market Challenges - The catering industry is experiencing a slowdown, with national catering revenue growth dropping to 4.3% in the first half of the year from 7.9% in the same period last year [3]. - Qianwei Yangchu faces challenges from increased competition in the B-end market, with a net reduction of 362 distributors in the first half of the year, leading to a 6.4% decline in revenue from the distribution model to 445 million yuan [6][7]. - The company is also dealing with rising raw material costs, which have a significant impact on operating profits, despite some product prices decreasing compared to the previous year [7]. Group 3: Strategic Adjustments - In response to market pressures, Qianwei Yangchu is expanding into new retail channels and has seen a 5.31% increase in revenue from direct sales to 434 million yuan, although this growth rate has slowed compared to previous years [5][6]. - Online sales revenue increased by 44.87% to 44.70 million yuan, but this growth has come with a significant rise in marketing costs, which surged by 80.91% to 17.33 million yuan [5][6]. - The company is focusing on empowering key distributors and exploring new channels such as group meals and breakfast services to mitigate the impact of declining distributor numbers [7].

Market Overview - On September 12, the food processing sector declined by 0.56%, with Jiyuan Group leading the losses [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers in the food processing sector included: - Jinzi Ham: closed at 7.99, up 4.44% with a trading volume of 276,000 shares and a turnover of 216 million yuan [1] - Longda Meishi: closed at 5.78, up 1.58% with a trading volume of 337,100 shares and a turnover of 194 million yuan [1] - Zihua Co.: closed at 47.03, up 1.53% with a trading volume of 11,700 shares and a turnover of 54.48 million yuan [1] - Conversely, Jiyuan Group saw a decline of 3.12%, closing at 31.96 with a trading volume of 51,200 shares and a turnover of 165 million yuan [2] Capital Flow - The food processing sector experienced a net outflow of 51.91 million yuan from institutional investors, while retail investors saw a net inflow of 70.17 million yuan [2][3] - Key stocks with significant capital flow included: - Longda Meishi: net inflow of 34.73 million yuan from institutional investors, but a net outflow of 20.44 million yuan from retail investors [3] - Guangming Meat Industry: net inflow of 18.61 million yuan from institutional investors, with a net outflow of 12.08 million yuan from retail investors [3] - Qianwei Yangchu: net inflow of 17.90 million yuan from institutional investors, with a net outflow of 7.35 million yuan from retail investors [3]

（文章来源：证券日报） 证券日报网讯 9月11日晚间，千味央厨发布公告称，2025年9月11日，公司首次通过回购专用证券账户 以集中竞价交易方式实施回购股份，回购股份数量为114，800股，占公司总股本的0.1182%。 ...

格隆汇9月11日丨千味央厨(001215.SZ)公布，2025年9月11日，公司首次通过回购专用证券账户以集中 竞价交易方式实施回购股份，回购股份数量为114,800股，占公司总股本的0.1182%，最高成交价为 32.90元/股，最低成交价为32.35元/股，成交总金额为3,724,515元（不含交易费用）。公司首次回购股 份的实施符合相关法律法规的要求，符合公司既定的回购方案要求。 ...

关于首次回购公司股份的公告 本公司及其董事会全体成员保证信息披露内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏。 郑州千味央厨食品股份有限公司（以下简称"公司"）分别于 2025 年 4 月 25 日、2025 年 5 月 20 日召开第三届董事会第十九次会议和 2024 年年度股东会， 审议通过了《关于第二期以集中竞价交易方式回购公司股份方案的议案》，同意 公司使用自有资金和自筹资金（含银行股票回购专项贷款等）通过集中竞价交易 方式回购公司已发行的部分人民币普通股（A 股），用于股权激励或员工持股计 划。本次回购资金总额不低于人民币 4,000 万元（含）且不超过人民币 6,000 万 元（含），回购价格不超过人民币 43.21 元/股。回购股份的期限为自公司股东会 审议通过本回购方案之日起 12 个月内。具体内容详见公司 2025 年 4 月 26 日和 2025 年 5 月 24 日在巨潮资讯网（http://www.cninfo.com.cn）及《证券时报》《上 海证券报》上披露的《关于第二期以集中竞价交易方式回购股份方案暨取得金融 机构股票回购专项贷款的公告》（公告编号：2025-02 ...

千味央厨公告，2025年9月11日，公司首次通过回购专用证券账户以集中竞价交易方式实施回购股份， 回购股份数量为11.48万股，占公司总股本的0.1182%，最高成交价为32.9元/股，最低成交价为32.35元/ 股，成交总金额为372.45万元（不含交易费用）。此次回购符合相关法律法规的要求，符合公司既定的 回购方案要求。 ...

9月10日，千味央厨大宗交易成交135.88万股，成交额4413.38万元，占当日总成交额的31.66%，成交价 32.48元，较市场收盘价32.48元持平。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-09-10 | 001215 | 千味央厨 | 32.48 | 15.00 | 487.20 机构专用 | | 中信证券股份有限 | | | | | | | | | 公司大连分公司 | | 2025-09-10 | 001215 | 千味央厨 | 32.48 | 27.74 | 901.00 机构专用 | | 中信证券股份有限 | | | | | | | | | 公司苏州分公司 | | 2025-09-10 | 001215 | 千味央厨 | 32.48 | 37.61 | 1,221.57 机构专用 | | 华泰证券股份有限 | | | | | | | | | 公司上海分公司 | | 20 ...

千味央厨9月8日大宗交易平台出现一笔成交，成交量23.59万股，成交金额783.90万元，大宗交易成交价 为33.23元。该笔交易的买方营业部为招商证券交易单元(052300)，卖方营业部为中信证券股份有限公司 苏州分公司。 证券时报·数据宝统计显示，千味央厨今日收盘价为33.23元，上涨2.03%，日换手率为5.45%，成交额为 1.75亿元，全天主力资金净流入797.92万元，近5日该股累计上涨6.81%，近5日资金合计净流入4036.24 万元。（数据宝） 9月8日千味央厨大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折溢 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 价（%） | | | | 23.59 | 783.90 | 33.23 | 0.00 | 招商证券交易单 | 中信证券股份有限公司 | | | | | | 元(052300) | 苏州分公司 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） ...