Core Viewpoint - Chongqing Fuling Zhacai Group Co., Ltd. plans to acquire 51% equity of Sichuan Weizimei Food Technology Co., Ltd. through a combination of issuing shares and cash payment [2][4]. Group 1: Transaction Overview - The company will purchase the 51% equity from five individual shareholders of Weizimei, and this transaction is not classified as a related party transaction [4]. - The audit and evaluation work for the transaction is still ongoing, and the valuation and pricing of the target assets have not yet been determined [4]. - This transaction is not expected to meet the criteria for a major asset restructuring as defined by the relevant regulations, and it will not result in a change of control for the listed company [4]. Group 2: Progress of the Transaction - The company has been actively advancing the transaction since the disclosure of the preliminary plan, with ongoing audit, evaluation, and due diligence work [5]. - The company will hold a board meeting to review the transaction once the relevant work is completed and will disclose the audited financial data and asset evaluation results in the subsequent report [5]. - The company is required to disclose progress updates every thirty days until the shareholder meeting notice is issued [3][5].

北京商报讯(记者郭秀娟王悦彤)9月24日，涪陵榨菜（002507）发布公告称，公司拟通过发行股份及支 付现金购买四川味滋美食品科技有限公司(以下简称"味滋美")51%股权。公司于2025年4月25日召开第五 届董事会第二十八次会议审议通过了《关于 <重庆市涪陵榨菜集团股份有限公司发行股份及支付现金购 买资产预案> 及其摘要的议案》等与本次交易相关的各项议案。 截至本公告披露日，本次交易所涉及的审计、评估、尽职调查等工作仍在积极推进中。公司将在相关工 作完成后，再次召开董事会审议本次交易的相关事项，编制并披露《重庆市涪陵榨菜集团股份有限公司 发行股份及支付现金购买资产报告书》及其摘要，本次交易涉及的经审计的财务数据、资产评估结果将 在该等文件中予以披露，公司将按照相关法律法规的规定履行有关后续审批程序及信息披露义务。 ...

（文章来源：证券日报） 证券日报网讯 9月24日晚间，涪陵榨菜发布公告称，公司拟通过发行股份及支付现金购买四川味滋美食 品科技有限公司（简称"味滋美"）51%股权（简称"本次交易"）。公司于2025年4月25日召开第五届董 事会第二十八次会议审议通过了《关于及其摘要的议案》等与本次交易相关的各项议案。截至本公告披 露日，本次交易所涉及的审计、评估、尽职调查等工作仍在积极推进中。公司将在相关工作完成后，再 次召开董事会审议本次交易的相关事项，编制并披露《重庆市涪陵榨菜集团股份有限公司发行股份及支 付现金购买资产报告书》及其摘要，本次交易涉及的经审计的财务数据、资产评估结果将在该等文件中 予以披露，公司将按照相关法律法规的规定履行有关后续审批程序及信息披露义务。 ...

重庆市涪陵榨菜集团股份有限公司（以下简称"公司"）拟通过发行股份及支付 现金购买四川味滋美食品科技有限公司（以下简称"味滋美"）51%股权（以下简称"本 次交易"）。公司于 2025 年 4 月 25 日召开第五届董事会第二十八次会议审议通过了《关 于<重庆市涪陵榨菜集团股份有限公司发行股份及支付现金购买资产预案>及其摘要 的议案》等与本次交易相关的各项议案，具体内容详见 2025 年 4 月 26 日公司刊登在 指定信息披露媒体上的相关公告，《重庆市涪陵榨菜集团股份有限公司发行股份及支 付现金购买资产预案》及其摘要中已对本次交易涉及的有关风险因素及尚需履行的审 批程序进行了详细说明，敬请广大投资者认真阅读相关内容，并注意投资风险。 截至本公告披露日，除本次交易预案披露的重大风险外，公司尚未发现可能导致 公司董事会或者交易对方撤销、中止本次交易方案或者对本次交易方案做出实质性变 更的相关事项，本次交易的审计、评估、尽职调查等相关工作正在有序进行中。 根据《深圳证券交易所上市公司自律监管指引第 8 号——重大资产重组》的有关 规定，公司将根据本次交易进展情况及时履行信息披露义务，在披露本次交易预案后 但尚未发出 ...

Core Viewpoint - The seasoning and fermentation products sector experienced a decline of 1.19% on September 24, with XD Haitian leading the drop [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] - The main funds in the seasoning and fermentation products sector saw a net outflow of 94.34 million yuan, while retail investors had a net inflow of 122 million yuan [2] Group 2: Individual Stock Performance - The top-performing stocks in the sector included: - Richen Co., Ltd. (603755) with a closing price of 31.57, up 2.87% and a trading volume of 26,100 lots [1] - Baoli Food (603170) closed at 14.48, up 2.40% with a trading volume of 39,000 lots [1] - Jialong Co., Ltd. (002495) closed at 2.61, up 1.16% with a trading volume of 182,200 lots [1] - XD Haitian (603288) closed at 38.80, down 0.61% with a trading volume of 136,900 lots [2] - Other notable stocks included: - Anji Food (603696) closed at 11.92, up 0.25% with a trading volume of 66,300 lots [2] - Zhongjing Food (300908) closed at 29.68, up 0.44% with a trading volume of 13,600 lots [2]

2025年4月25日，重庆市涪陵榨菜集团股份有限公司拟通过发行股份及支付现金购买四川味滋美食品科 技有限公司51%股权，相关议案获董事会审议通过。截至9月25日公告披露日，除预案披露风险外，未 发现导致交易撤销、中止或变更事项，审计、评估等工作正有序进行。此前公司已多次披露进展公告。 本次交易不构成关联交易、重大资产重组和重组上市，但尚需董事会、股东会审议，经深交所审核和证 监会注册，相关时间存在不确定性。公司将按规定每三十日发布进展公告，提醒投资者注意风险。 ...

Core Viewpoint - Fuling Zhacai is facing challenges in its core product, pickled vegetables, which has seen limited innovation and declining sales volume, prompting the company to explore new product categories to meet diverse consumer demands [2][4]. Financial Performance - In the first half of the year, Fuling Zhacai achieved revenue of 1.313 billion yuan, a year-on-year increase of 0.51%, while net profit was 441 million yuan, a decrease of 1.66% [2]. - The pickled vegetable category generated revenue of 1.123 billion yuan, up 0.45% year-on-year, while the radish category saw a significant revenue increase of 38.35% to 33.149 million yuan [2][3]. Sales Trends - The sales volume of pickled vegetables declined by 1% to 59,300 tons in the first half of the year, marking the third consecutive year of decline [4]. - Despite the growth in radish revenue, its small scale does not significantly contribute to overall performance [3]. Regional Performance - Sales in most regions, except for East China, Central China, Northeast China, and export business, experienced varying degrees of decline, although gross margins improved across regions [5]. Cost and Receivables - Sales expenses increased significantly by 22.94% to 195 million yuan, outpacing revenue growth, while accounts receivable surged by 1421.45% to 125 million yuan [5]. Market Challenges - The company acknowledges the need to adapt to health and diversification trends, as traditional pickled vegetables face declining popularity in a more diverse food market [5]. - Fuling Zhacai is exploring new opportunities beyond pickled vegetables, including radish and pickled cabbage, but these categories have not yet shown significant growth [5].

Market Overview - The seasoning and fermentation sector saw a slight increase of 0.04% on September 19, with Richen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Richen Co., Ltd. (603755) closed at 30.75, up 3.33% with a trading volume of 50,500 shares and a turnover of 152 million yuan [1] - ST Jiajia (002650) closed at 6.49, up 1.41% with a trading volume of 57,400 shares and a turnover of 37.19 million yuan [1] - Tianwei Food (603317) closed at 11.72, up 0.69% with a trading volume of 41,100 shares and a turnover of 47.95 million yuan [1] - Other notable stocks include Zhongju Gaoxin (600872) at 18.80, up 0.59%, and Anqi Yeast (600298) at 39.63, up 0.35% [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 98.62 million yuan from institutional investors, while retail investors saw a net inflow of 7.02 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed some interest [2] Individual Stock Capital Flow - Anqi Yeast (600298) had a net inflow of 7.01 million yuan from institutional investors, but a net outflow of 30.54 million yuan from retail investors [3] - Richen Co., Ltd. (603755) saw a net inflow of 5.98 million yuan from institutional investors and a net outflow of 13.68 million yuan from retail investors [3] - Jiagang Co., Ltd. (002495) had a net inflow of 5.39 million yuan from retail investors, despite a net outflow from institutional investors [3]

Group 1: Sales and Inventory Management - The impact of upcoming holidays on terminal sales is minimal due to the nature of the products being optional consumer goods, primarily used in family dining scenarios [1] - Current channel inventory is approximately six to seven weeks, with increased consumer awareness leading to enhanced inventory management [1] Group 2: Mergers and Acquisitions Strategy - The company plans to continue its acquisition efforts, focusing on the compound seasoning segment with companies that have a certain scale and standardization [2] - Post-acquisition management will leverage existing teams for production, R&D, and operations [1] Group 3: Product Development and Marketing - The company has optimized the flavor and process of the radish product line, launching new customized products and receiving positive market feedback [3] - There is an ongoing development of functional products, including healthy and snack-oriented options, with a focus on diverse packaging and customized offerings [5] - The company is innovating in the snack category, with products like "Crispy Small Vegetables" and various flavored peanuts [6] Group 4: Investment Projects and Production Capacity - The company is progressing with fundraising projects, having completed parts of factory frameworks and intelligent production facilities, with gradual production ramp-up based on demand [4] Group 5: Raw Material Cost Management - The price of green vegetable heads is expected to remain stable between 800-1000 RMB per ton, barring extreme weather conditions [7] - The company is increasing its procurement of raw materials to mitigate the impact of price fluctuations [8] Group 6: Dividend Policy - The company emphasizes shareholder returns, maintaining a stable upward trend in cash dividend ratios, with future plans to provide consistent and increasing dividends based on operational performance [9] Group 7: Brand Investment Strategy - The company maintains a consistent brand presence, adjusting marketing investments based on product maturity and market conditions, while focusing on return on investment [10]

Group 1 - The company, Chongqing Fuling Zhacai Group Co., Ltd., will participate in the "2025 Investor Online Collective Reception Day" organized by the Chongqing Securities Regulatory Bureau and the Chongqing Listed Companies Association [1][2] - The event will take place on September 25, 2025, from 15:00 to 17:00, and will be conducted online [1][3] - Company representatives, including the director, board secretary, and financial officer, will address various investor concerns such as corporate governance, operational status, and sustainable development during the event [2]