格隆汇9月29日丨金字火腿(002515.SZ)公布，截至本公告披露日，第一期员工持股计划所持有的公司股 票通过集中竞价方式已全部出售，已出售股票数量合计为39,846,053股，占公司目前总股本的3.29%。 公司本员工持股计划于2025年9月29日到期终止，实际持股期间与《金字火腿股份有限公司第一期员工 持股计划》披露的存续期一致。管理委员会正根据相关法律法规和本员工持股计划的相关规定完成相关 资产清算和收益分配等事宜。 ...

格隆汇9月29日丨金字火腿(002515.SZ)公布，截至本公告披露日，第一期员工持股计划所持有的公司股 票通过集中竞价方式已全部出售，已出售股票数量合计为39,846,053股，占公司目前总股本的3.29%。 公司本员工持股计划于2025年9月29日到期终止，实际持股期间与《金字火腿股份有限公司第一期员工 持股计划》披露的存续期一致。管理委员会正根据相关法律法规和本员工持股计划的相关规定完成相关 资产清算和收益分配等事宜。 ...

Core Viewpoint - The company has completed the sale of all shares held under its first employee stock ownership plan, which was approved in 2022 and involved 4.07% of the total share capital at that time [1] Summary by Relevant Sections Employee Stock Ownership Plan - The employee stock ownership plan was approved in 2022, with shares transferred to a dedicated account for the plan [1] - A total of 39,846,053 shares have been sold, representing 3.29% of the current total share capital [1] - The plan is set to terminate in 2025, with the actual holding period aligning with the plan's duration [1] Lock-up Periods - Two lock-up periods for the shares will expire sequentially between 2023 and 2024, leading to the full unlocking of stock rights [1] Management Actions - The management committee is currently engaged in asset liquidation and profit distribution related to the employee stock ownership plan [1]

金字火腿股份有限公司 关于第一期员工持股计划出售完毕暨终止的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 证券代码：002515 证券简称：金字火腿 公告编号：2025-056 3、2023年9月30日、2024年9月30日，本员工持股计划第一个、第二个锁 定期届满。第二个锁定期届满后，本员工持股计划涉及的标的股票权益全部解锁 完毕。具体内容详见公司于2023年9月28日、2024年9月27日在巨潮资讯网 （www.cninfo.com.cn）上披露的相关公告。 4、2025年4月4日，因本员工持股计划存续期将届满，公司披露了本员工持 股计划存续期即将届满的提示性公告。具体内容详见公司于2025年4月4日在巨 潮资讯网（www.cninfo.com.cn）上披露的相关公告。 二、本员工持股计划的股票出售情况及后续安排 截至本公告披露日，本员工持股计划所持有的公司股票通过集中竞价方式已 全部出售，已出售股票数量合计为39,846,053股，占公司目前总股本的 3.29%。 公司本员工持股计划于2025年9月29日到期终止，实际持股期间与《金字火腿股 份有 ...

Investment Dynamics - McDonald's China plans to invest over 400 million RMB in talent training and development over the next three years, focusing on upgrading its Hamburger University with three main directions: "smarter, more open, and more focused on holistic growth" [3] - Jinzi Ham announced a plan to acquire up to 300 million RMB for a 20% stake in Zhongsheng Microelectronics, indicating a strategic shift towards the semiconductor industry due to slow growth in its main business [5] - Heineken announced a cash acquisition of Florida Ice and Farm Company (FIFCO) for 3.2 billion USD (approximately 227.52 billion RMB), expanding its beverage and retail business in Central America [7] Brand Dynamics - Xibei has established a new restaurant management company, Fan Jiji, with a registered capital of 500,000 RMB, aiming to isolate risks from its main brand due to declining customer traffic [9] - Xiaobing Xiaobing has formed a new restaurant management company, Xiaoniu, with a registered capital of 50 million RMB, marking a shift towards a "headquarters platform + partner" model [13] - Starbucks has launched a limited edition product line inspired by Dunhuang murals, enhancing store efficiency and providing a replicable model for "coffee + cultural tourism" [16][17] Product Development - Magnum Ice Cream plans to utilize AI technology from NotCo to reformulate products and develop new offerings, marking a significant step in AI-driven food research [20] Personnel Dynamics - René Lammers has been appointed as Executive Vice President and Chief Research and Innovation Officer at Estée Lauder, effective October 1, indicating a shift in R&D strategy to a board-level decision-making process [23] - The CFO of China Resources Beer, Zhao Wei, has resigned, creating a potential gap in financial decision-making at a critical time [26] - Wei Zhe has been appointed to the Food Safety and Sustainability Committee of Yum China, reflecting an upgrade of ESG and food safety oversight to the board level [29]

Group 1 - The artificial meat concept index rose by 0.89%, ranking fourth among concept sectors, with 16 stocks increasing in value, including Jinzi Ham, Jiahua Co., and Angel Yeast, which rose by 6.61%, 2.86%, and 2.37% respectively [1] - The leading stocks in terms of net inflow of main funds were Jinzi Ham with a net inflow of 115 million yuan, followed by Tangrenshen, Angel Yeast, and Aipu Co. with net inflows of 27.87 million yuan, 10.89 million yuan, and 10.18 million yuan respectively [1][2] - The main fund inflow ratio for Tangrenshen, Aipu Co., and Xue Rong Biological was 24.28%, 9.55%, and 7.45% respectively, indicating strong investor interest in these stocks [2] Group 2 - The overall market saw a net inflow of 154 million yuan into the artificial meat concept sector, highlighting a positive sentiment among investors [1] - Stocks such as Guoen Co., Xue Rong Biological, and Haoxiang Ni experienced declines of 2.22%, 0.65%, and 0.43% respectively, indicating some volatility within the sector [1][3] - The trading volume and turnover rates for key stocks in the artificial meat sector varied, with Jinzi Ham showing a turnover rate of 20.53% and a significant increase in its stock price [2][3]

Group 1: Company Strategies and Developments - Bright Dairy is enhancing its product offerings by launching new products like Youbei 5.0 ultra-fresh milk and high-protein products to meet consumer demand and stabilize market share [1] - ST Juewei is currently operating normally and aims to apply for the removal of risk warnings after fulfilling certain conditions, following a regulatory investigation [2] - Jinzi Ham plans to invest up to 300 million RMB to acquire up to 20% equity in Zhongsheng Microelectronics, recognizing the growth potential in the AI and optical communication sectors [3] Group 2: Regulatory and Market Updates - The State Council's Food Safety Office has issued directives to ensure food safety during the upcoming National Day and Mid-Autumn Festival, focusing on the regulation of seasonal food products [4] - Changjiang International Trade Group's acquisition of Good Products has received unconditional approval from the market supervision authority, with the share transfer agreement set at 12.34 RMB per share [5][6] - Wanchen Group has submitted an application for H-share listing on the Hong Kong Stock Exchange, with the process still subject to regulatory approvals [11][12] Group 3: Retail and Consumer Trends - Bawang Tea has opened its largest "Super Tea Warehouse" in Hong Kong and plans to launch over ten new stores in the coming months to expand its market presence [7] - Yonghui Supermarket has completed the renovation of its Daxing District store, adopting the "Fat Donglai model" and significantly increasing the proportion of new products [9] - Pang Donglai clarified that the design cost for its Mid-Autumn Festival mooncake packaging was 3.72 million RMB, countering claims of a 10 million RMB expense [10]

Market Overview - On September 26, the food processing sector experienced a slight decline of 0.04% compared to the previous trading day, with Wei Zhi Xiang leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Jinzi Ham (002515) saw a significant increase of 6.61%, closing at 8.07 with a trading volume of 2.4855 million shares and a transaction value of 2.004 billion [1] - Wei Zhi Xiang (605089) led the declines with a drop of 4.53%, closing at 27.61 with a trading volume of 41,000 shares and a transaction value of 115 million [2] - Other notable performers included Gai Shi Food (836826) with a 2.53% increase and Longda Meishi (002726) with a 2.42% decrease [2] Capital Flow Analysis - The food processing sector experienced a net outflow of 18.3541 million from institutional investors, while retail investors saw a net inflow of 65.5132 million [2] - The capital flow data indicates that Jinzi Ham had a net inflow of 94.3197 million from institutional investors, while it faced a net outflow of 56.9452 million from speculative funds [3] - The overall trend shows that while institutional and speculative funds are withdrawing, retail investors are actively buying into the sector [2][3]

Core Viewpoint - Jinzi Ham is investing between 1 billion to 1.3 billion yuan in Zhongsheng Microelectronics, a company focused on high-speed optical module core chip development, despite its current loss status. This investment follows a recent shift in control and attempts to diversify into the semiconductor sector, raising questions about the success of this cross-industry venture given past failures in similar investments [1][2][3]. Investment Details - Jinzi Ham's subsidiary, Fujian Jinzi Semiconductor, plans to invest up to 300 million yuan in Zhongsheng Microelectronics to acquire up to 20% equity, with the first round of investment being 100 million yuan based on a pre-investment valuation of 1 billion to 1.3 billion yuan [1][2]. - Zhongsheng Microelectronics, established in 2019, specializes in the development of high-speed optical module core chips for applications in AI, cloud computing, and telecommunications, but is currently operating at a loss [2][3]. Financial Performance - Jinzi Ham's revenue for the first half of the year was 170 million yuan, a decrease of 14.73% year-on-year, with net profit dropping 25.11% to 22.92 million yuan. The company has seen a decline in revenue since 2021, with a significant drop in its core ham business [5][6]. - Zhongsheng Microelectronics reported a projected loss of 38.83 million yuan for 2024 and 20.37 million yuan for the first seven months of 2025, with revenues of only 20,490 yuan in 2024 and 51,110 yuan in the first seven months of 2025 [2][3]. Market Context - The AI sector's rapid growth has created a demand for computing power, leading to increased interest in the optical module market. However, many companies that entered the computing power rental market have not achieved expected growth, indicating a potential risk for Jinzi Ham's new investment [3][4]. - Jinzi Ham's previous investment in a cloud computing company, Yindun Cloud, ended in failure, raising concerns about the company's ability to successfully navigate cross-industry investments [3][4]. Operational Challenges - Jinzi Ham faces high inventory levels, reaching 278 million yuan, which is 1.64 times its revenue, alongside negative cash flow from operating activities, marking the first negative cash flow since 2021 [6]. - The company is also experiencing underutilization of production capacity, particularly in its specialty meat products, which could lead to significant challenges in managing new production capacities [7].

Market Overview - On September 25, the food processing sector declined by 0.87%, with Jinzi Ham leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Notable gainers in the food processing sector included: - Weizhi Xiang (Code: 605089) with a closing price of 28.92, up 2.88% [1] - Qianwei Yangchu (Code: 001215) with a closing price of 40.35, up 1.59% [1] - Jiyuan Group (Code: 603262) with a closing price of 30.90, up 1.11% [1] - Jinzi Ham (Code: 002515) experienced the largest decline, closing at 7.57, down 3.69% [2] Trading Volume and Capital Flow - The food processing sector saw a net outflow of 65.53 million yuan from institutional investors, while retail investors experienced a net outflow of 17.77 million yuan [2] - Retail investors contributed a net inflow of 83.29 million yuan [2] Individual Stock Capital Flow - Jinzi Ham had a net inflow of 19.15 million yuan from institutional investors but a net outflow of 35.80 million yuan from retail investors [3] - Light Meat Industry (Code: 600073) saw a net inflow of 6.44 million yuan from institutional investors [3] - Other stocks like Huifang Food (Code: 603536) and Xianle Health (Code: 300791) also showed mixed capital flows with varying net inflows and outflows [3]