以下文章来源于i黑马 ，作者江南春 i黑马 . 让创业者不再孤独@i黑马 江南春 分众传媒董事长 黑马导师 整个社会都在喊没钱了，为什么这些公司反而年赚百亿？ 日本"失落 30年的秘密" ， 就在这八个行业里面 。 低欲望社会 ， 不等于没机会。 消费分级 ， 需求迁移 ， 才是最大的商业机遇 。 当人们不买房子，不追奢侈品的时候，钱都流向了哪里？ 第一，二 手经济 日本二手奢侈品市场，以 大黑屋 为代表，收入暴涨。 在中国， 红布林 、 胖虎， 同样业务大涨。 买不起爱马仕、 LV ， 但 抢着买二手。 但在日常消费品领域， 闲鱼 日活破亿， 转转 的 GMV 也大幅飙升。 闲置不是垃圾，是流动的黄金。 第二 ， 宠物经济 年轻人不太生孩子，但可以给猫买高级的罐头。 日本 Inaba 靠猫粮上市，中国乖宝 （ 中宠 ） 股价强劲 。 诚实一口、凯锐思、 疯狂小狗、 伯纳天纯、比瑞吉、 网易严选、 卫仕 等宠物品牌，销量持续攀升。 宠物不仅是主粮零食营养品，以 新瑞鹏 为代表的宠物医院，以 泰 淘气 为 代表 的宠物益生菌 、 保健品 ， 都大幅飙升 。 宠物开支逆势增长， " 毛孩子 " 才是真刚需。 由于 ...

经济观察网三全食品（002216）近期披露了多项业务进展与未来规划，包括将即时零售作为发展重点、 推进海外市场布局、持续进行产品创新以及优化渠道结构。 业务进展情况 三全食品将即时零售业务作为下一阶段的发展重点，计划与淘宝、美团、京东等平台深化合作，加快到 家业务及闪电仓业务的拓展。公司表示，2026年将持续推进该领域的投入，以抓住线上消费趋势。 公司项目推进 公司已完成香港全资子公司、开曼全资孙公司及澳大利亚孙公司的注册登记，并获得相关境外投资备案 证书，后续将逐步推进海外投资计划落地。这表明公司正积极布局国际市场，以寻求新的增长点。 产品研发进展 三全食品在2025年推出了"中国好饺子"、"多多系列"水饺、食养汤圆三大系列及"爆汁烤肠"等新品，市 场表现良好。2026年，公司计划持续迭代产品矩阵，加强健康品类(如低GI汤圆)和西式产品(如意面系 列)的研发，以满足多元化消费需求。 经营状况 直营渠道通过"总对总"合作模式提升定制化水平，定制产品SKU数量持续增长，盈利能力显著改善；经 销渠道则通过优化结构和精细化管理提高单点产出。公司还将加强连锁餐饮客户服务，并抓住商超调改 机遇。 资金动向 近期主力资金 ...

Investment Rating - The report maintains a "Buy" rating for the companies in the prepared food industry, specifically for Anjuke Food (2648 HK, 603345 CH) and Sanquan Food (002216 CH) [5][11]. Core Insights - The introduction of national standards for prepared foods is expected to enhance industry order and standardization, benefiting leading companies due to their comprehensive advantages in R&D, production, cold chain logistics, and quality control [6][7]. - The prepared food industry is transitioning from a chaotic phase to a more regulated one, with the new standards raising entry barriers and improving consumer confidence in product quality [9][10]. - The report anticipates a strong demand for inventory ahead of the Spring Festival, with a recovery in channel confidence, and a long-term trend towards food industrialization [7][9]. Summary by Sections Industry Overview - The prepared food industry is undergoing a process of standardization, with the new national standards defining the scope and management of prepared foods, emphasizing the control of food contaminants and additives [6][9]. - The standards stipulate that the maximum shelf life of prepared foods should not exceed 12 months, which aligns with the health-conscious consumption trend [10]. Company Recommendations - Anjuke Food (2648 HK) is highlighted as a leader in the frozen hot pot ingredient sector, with a target price of 99.38 HKD, benefiting from improved fundamentals and a rational competitive landscape [12]. - Anjuke Food (603345 CH) is also rated "Buy" with a target price of 113.04 CNY, as the company is expected to see profit recovery and growth driven by product innovation and structural adjustments [12]. - Sanquan Food (002216 CH) is recommended with a target price of 13.44 CNY, as the company is focusing on product innovation and channel diversification to improve operational quality [12].

Core Insights - The article discusses how certain industries are thriving despite a general perception of economic downturn, highlighting eight key sectors that present significant business opportunities in a low-desire society [3][4]. Group 1: Key Industries - **Second-Hand Economy**: The second-hand luxury market in Japan, represented by companies like Daikokuya, has seen a surge in revenue. In China, platforms like Hongbulin and Panghu are experiencing similar growth, indicating a shift in consumer spending towards second-hand goods [6][7][8][9]. - **Pet Economy**: With declining birth rates, young people are spending more on pets, leading to significant growth in pet food and healthcare products. Companies like Inaba in Japan and Guobao in China are capitalizing on this trend [11][12][14][15]. - **Adult Care Products**: The adult diaper market in Japan has surpassed $10 billion, indicating a growing demand for adult care products in China, with companies like Kexin showing potential for growth [16][17][18]. - **Health Food and Beverages**: The rise in health consciousness has led to increased demand for sugar-free beverages and functional drinks. Brands like Dongfang Shuye and Jianchun are gaining traction in this sector [21][22]. - **Beauty Economy**: The demand for beauty products, including collagen supplements and at-home beauty devices, is on the rise. Companies like Jinbo Biological are seeing significant market value growth [23][25]. - **Outdoor and Leisure Products**: The outdoor equipment market is thriving, with brands like Kailas and Camel experiencing rapid sales growth, as consumers seek leisure activities despite economic constraints [25][26][27]. - **Emotional Economy**: Brands like Labubu and Rio are tapping into the emotional needs of consumers, providing products that offer comfort and joy, even in a tight economic climate [28][29][30]. - **Convenience Economy**: The demand for convenience products, such as frozen foods and smart home appliances, is increasing as younger generations spend less time cooking. Companies like Anjijia and Kewot are benefiting from this trend [33][35][36]. Group 2: Market Trends - The article emphasizes that the current economic climate, often viewed as a "winter," presents opportunities for those willing to invest in counter-cyclical sectors. The key to success lies in recognizing and seizing these opportunities [39].

证券日报网讯2月4日，三全食品（002216）在互动平台回答投资者提问时表示，公司预计2025年与锅圈 食品(上海)股份有限公司发生关联交易金额合计不超过4000万元(不含税)。 ...

Group 1 - The company expects to have related party transactions with Guoquan Food (Shanghai) Co., Ltd. amounting to no more than 40 million yuan (excluding tax) by 2025 [2] - The announcement was made on February 4 during an interaction with investors [2] - Further details can be found in the company's related announcement [2]

2月3日，三全食品发布投资者关系活动记录表。当中披露，关于公司2025年的表现，三全食品称，公司 产品端深入调研市场趋势，加强研究消费需求，积极与渠道伙伴共创产品，推出了"中国好饺子"、"多 多系列"水饺、"黄金比例饺子"、慢醒老面小笼包等新产品，在品质显著提升的同时保持极高的性价 比，获得了渠道及消费者的一致好评，新品收入实现快速增长。汤圆品类完善产品矩阵，食养汤圆三大 系列全面上新："养"主打药食同源理念，"润"针对女性消费需求，"珍"融入阿胶、燕窝等珍稀食材，同 时推出趣味造型汤圆、"低 GI"健康汤圆，满足不同画像消费者的需求。烤肠系列优化生产工艺，推 出"爆汁烤肠"等新产品，销售额快速增长，并实现市占率领先水平。肉卷、丸子等火锅食材产品在经过 调整后也表现出良好的增长势头，同时公司积极拓展西式产品赛道，意面系列产品上市后获得消费者广 泛好评。在渠道方面，公司直营渠道收入利润获得显著改善，收入降幅及利润亏损幅度持续大幅收窄， 经销渠道通过深化经销商服务及精细化管理，在优化经销商数量的同时单个经销商产出持续提高；社会 餐饮渠道抓住团餐业务增长契机，积极开拓团餐业务经销商，团餐业务规模持续扩大；公司持续加 ...

2月3日，三全食品发布投资者关系活动记录表。当中披露，针对"直营销售渠道获得了良好的改善，主 要做了哪些工作？"问题，三全食品回复，公司直营渠道持续进行组织优化调整，采用多维度数据分析 模型，显著提升管理效率，强化渠道精细化运营水平，优化费用投放效率；调整合作模式，与各大零售 系统开展"总对总"合作，显著提升渠道服务能力和协同效率，盈利能力实现快速改善；抓住商超调改机 遇，积极拥抱定制化，与各大系统开展深度定制合作，定制产品数量及销售规模快速扩大。 （企业公告） ...

| | | 附件： | 序号 | 姓名 | 公司 | | --- | --- | --- | | 1 | 赵晨凯 | 海富通 | | 2 | 顾训丁 | 中信证券 | | 3 | 江皓云 | 中信证券 | | 4 | 王毅成 | 兴银理财 | | 5 | 王郁冰 | 中庚基金 | | 6 | 程碧升 | 国泰海通 | | 7 | 盛一然 | -- | | 8 | 王文心 | 百年保险资管 | | 9 | 王萌 | 平安证券 | | 10 | 潘俊汝 | 永赢基金 | | 11 | 陈力宇 | 国泰海通 | | 12 | 雷泽成 | 中银基金 | | 13 | 尹佳瑜 | 观富资产 | | 14 | 沈士峻 | 静远资本 | | 15 | Alicia | capital group | | 16 | 雯妮 | 鼎绎咨询 | 编号：2026-002 | | ■特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 业绩说明会 | | 类别 | □新闻发布会 路演活动 | | | □现场参观 □其他 | | 参与单位名称及 | 名单详见附件 | | 人员姓名 | | | ...

Core Insights - The Ministry of Commerce and nine other departments have launched the "2026 'Happy Shopping Spring Festival' Special Activity Plan," aiming to create a comprehensive consumption festival during the Spring Festival, focusing on six aspects: food, accommodation, transportation, tourism, shopping, and entertainment [1] Group 1: Industry Opportunities - The new policy provides multiple benefits and broad development space for food and beverage companies, supporting their efforts to seize peak seasons, expand sales, and enhance brand influence [1] - Companies in the Shenzhen Stock Exchange's food and beverage sector are actively leveraging policy benefits through strong product capabilities, improved supply chains, and diversified marketing strategies [2][3] Group 2: Business Strategies - Companies are focusing on core business areas, optimizing product structures, enhancing industry layouts, and strengthening cost control to achieve steady growth in operating performance [2] - For instance, Beijing Yanjing Beer Co., Ltd. has improved revenue and profit through product structure optimization and cost management, while Salted Dried Fruit Co. has developed a full industry chain in leisure foods [2] Group 3: Innovation and R&D - Companies are integrating quality assurance into the entire production and R&D chain, with a strong emphasis on innovation as a key driver of long-term growth [2][3] - Yanjing Beer has established a market-oriented innovation system, achieving significant R&D milestones, including 5 world-leading innovations and numerous patents [3] Group 4: Quality Improvement Initiatives - The Shenzhen Stock Exchange has initiated the "Quality Return Dual Improvement" special action to enhance the quality and investment value of listed companies, with around 500 companies already publishing action plans [4] - Food and beverage companies are actively participating in this initiative, improving operational quality and enhancing their ability to reward investors [5] Group 5: Shareholder Returns - Yanjing Beer has prioritized shareholder returns, distributing significant cash dividends, including a 90% increase in cash dividends compared to the previous year, reflecting a commitment to sharing profits with shareholders [5] - The practices of food and beverage companies illustrate a development path focused on quality foundation and return empowerment, with expectations for continued optimization of shareholder return mechanisms [5]