洽洽食品（SZ 002557，最新价：23.01元）8月1日晚间发布公告称，截至2025年7月31日，公司通过股 份回购专用证券账户以集中竞价方式回购公司股份约103万股，占公司目前总股本的0.204%，最高成交 价为29.53元/股，最低成交价为21.43元/股，成交总金额约为2719万元，本次回购股份资金来源为公司 自有资金及股票回购专项贷款，本次回购符合相关法律法规的要求，符合既定的回购股份方案。 2024年1至12月份，洽洽食品的营业收入构成为：休闲食品占比99.26%，其他业务占比0.74%。 （文章来源：每日经济新闻） ...

Investment Rating - The report maintains an "Increase" rating for the food and beverage industry, indicating a positive outlook for the sector [5]. Core Insights - The implementation of the childcare subsidy policy is expected to stimulate growth in the food and beverage sector, particularly benefiting the infant formula and dairy product markets [4]. - The report highlights three main investment themes in the liquor segment: strong leading brands, sustained regional advantages, and recovery-driven elastic stocks [1][2]. - In the beer and beverage segment, Budweiser faces sales pressure but is seeing price recovery, while the sugary tea category is gaining market share during peak seasons [3]. Summary by Sections Liquor Industry - Leading brands such as Moutai, Wuliangye, and Luzhou Laojiao dominate the global rankings, with Moutai valued at $58.4 billion, maintaining its position as the most valuable liquor brand globally [2]. - The liquor sector is transitioning from scale growth to high-quality development, with a focus on brand strength and market positioning [2]. Beer and Beverage Sector - Budweiser's Q2 2025 results show a revenue decline of 3.9% and a profit drop of 31.1%, with a notable 6.2% decrease in sales volume [3]. - The sugary tea segment is experiencing a resurgence, with brands like Kang Shifu and Uni-President maintaining leading positions, and sales of Yuanqi Forest's iced tea growing by 53.9% year-on-year [3]. Food Sector - The national childcare subsidy program, effective from January 1, 2025, is projected to enhance birth rates and subsequently increase demand for dairy products [4]. - New product launches by companies like Qiaqia and Ximai are aimed at expanding market presence and tapping into health-oriented consumer trends [4][7].

证券日报网讯8月1日晚间，洽洽食品（002557）发布公告称，截至2025年7月31日，公司通过股份回购 专用证券账户以集中竞价方式回购公司股份1，033，192股，占公司目前总股本的0.204%。 ...

Core Viewpoint - Qiaqia Food (002557.SZ) announced a share buyback program, repurchasing 1,033,192 shares, which represents 0.204% of the total share capital, with a total transaction amount of 27,189,086.01 yuan [1] Summary by Categories Share Buyback Details - The company repurchased shares through a centralized bidding method [1] - The highest transaction price was 29.53 yuan per share, while the lowest was 21.43 yuan per share [1] - The funds for the buyback came from the company's own funds and a special loan for share repurchase [1] Compliance and Regulations - The buyback complies with relevant laws and regulations [1] - The buyback aligns with the established share repurchase plan [1]

证券代码：002557 证券简称：洽洽食品 公告编号：2025-057 关于股份回购进展情况的公告 本公司及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。 洽洽食品股份有限公司（以下简称"公司"）于 2024 年 11 月 14 日召开第 六届董事会第十三次会议审议通过了《洽洽食品股份有限公司关于回购公司股份 方案暨取得股票回购专项贷款的议案》，拟使用公司自有资金和股票回购专项贷 款资金以集中竞价交易方式回购公司部分社会公众股份（A 股），公司拟回购股 份用于后期实施股权激励计划或员工持股计划的股份来源；回购的资金总额不低 于人民币 4,000 万元（含），且不超过人民币 8,000 万元（含）；回购价格不超 过人民币 47.48 元/股（含）。本次回购股份的实施期限为自公司董事会审议通 过本次回购方案之日起 12 个月内。公司于 2024 年 11 月 23 日披露了《洽洽食 品股份有限公司回购报告书》。 因公司实施 2024 年前三季度权益分派，公司回购股份的价格由不超过人民 币 47.48 元/股（含）相应调整为不超过 47.19 元/股（含）。因公司实施 20 ...

Core Insights - Chacha Food launched new ice cream products and the brand "Konjac Princess" to compete in the konjac snack market, aiming to capture consumer interest amidst increasing competition from established players like Weilong and Yanjinpuzi [2][5] - The company is adopting a "dual-wheel drive" strategy focusing on overseas early layout and domestic product innovation to enhance its presence in the konjac snack sector [5][6] - The snack industry is shifting towards healthier, functional, and scenario-based products, with Chacha introducing five new products including konjac layers and ice cream to meet evolving consumer demands [3][4] Product Strategy - Chacha's new product lineup includes mountain series sunflower seeds, all-nut series, fresh-cut potato strips, Chacha sunflower seed ice cream, and "Konjac Princess" konjac layers [3][4] - The company plans to start shipping products by late August 2023, with significant promotional efforts including trial packages and engaging marketing materials [5] - The ice cream product is expected to officially launch in January 2026, with ongoing development to redefine the combination of sunflower seeds and ice cream [6] Market Context - The konjac snack market has shown strong growth, with a compound annual growth rate (CAGR) of 20% over the past decade, projected to reach a market size of 26.9 billion yuan in 2024 [8] - Major competitors like Weilong and Yanjinpuzi have reported significant revenue growth from konjac snacks, indicating a lucrative market opportunity that Chacha aims to tap into [8][10] - The konjac snack segment is expected to maintain a CAGR of 20% over the next five years, suggesting substantial growth potential for new entrants [8]

格隆汇8月1日｜东方证券研报指出，洽洽食品预计上半年归母净利润为8,000–9,750万元，同比下降约 71–76%，主因是原料采购价格大幅上涨带动毛利率下行。公司25Q1收入同比下降13.7%，反映出主力 品类动销放缓、渠道去库存延续。该行判断，公司当前主动压缩利润释放节奏，在保证终端投放与品牌 维护的前提下进行结构优化，为后续增长修复创造空间。考虑到原料端成本上行叠加主力品类出货节奏 偏慢，公司上半年利润显著下滑，我们修正了瓜子与坚果等核心品类的销售增速、新品导入的放量节奏 及毛利率改善幅度等关键假设。据此调整公司盈利预测，预计公司2025–2027年EPS分别为 1.25/1.42/1.67元（前次预测2025/2026年EPS为2.42/2.75元）。考虑公司在渠道端持续推进精耕、海外市 场具备中长期潜力，参考当前可比公司估值水平，给予公司2025年21倍PE，对应目标价26.25元，维 持"买入"评级。 ...

Group 1 - Hami Qiaqia Agricultural Technology Co., Ltd. has been established recently with a registered capital of 5 million yuan [1] - The legal representative of the new company is Chen Lili [1] - The business scope includes food sales (only pre-packaged food), grain planting, retail of edible agricultural products, and initial processing of edible agricultural products [1] Group 2 - Qiaqia Food (002557) holds indirect full ownership of Hami Qiaqia Agricultural Technology Co., Ltd. [1]

Core Viewpoint - Company is at a critical juncture of short-term profit pressure and long-term structural adjustment, with a significant expected decline in net profit for the first half of 2025 due to rising raw material costs [1] Group 1: Financial Performance - The company forecasts a net profit of 80-97.5 million yuan for the first half of 2025, representing a year-on-year decline of approximately 71-76% [1] - In Q1 2025, revenue decreased by 13.7% year-on-year, indicating a slowdown in the sales of main product categories and ongoing inventory destocking [1] - The company has revised its earnings per share (EPS) forecasts for 2025-2027 to 1.25, 1.42, and 1.67 yuan, down from previous estimates of 2.42 and 2.75 yuan for 2025 and 2026 respectively [2] Group 2: Strategic Initiatives - The company is actively compressing profit release pace while optimizing structure to create space for future growth recovery, ensuring brand maintenance and terminal investment [1] - The company has accelerated product innovation, launching five new products on July 29, including various healthy snack options, which aim to enhance connection with younger consumers and non-traditional consumption occasions [1] - The company has established a systematic raw material assurance mechanism, with nearly one million acres of sunflower planting bases across regions like Xinjiang and Inner Mongolia, utilizing an order agriculture model to enhance quality stability [2] Group 3: Market Outlook - Despite short-term cost pressures, the company's long-term investments in upstream raw materials are expected to gradually build resilience against cost fluctuations, supporting the profitability of core product categories [2] - The company continues to refine its channel strategies and sees potential in overseas markets for medium to long-term growth [2] - The target price for the company is set at 26.25 yuan, based on a 21 times price-to-earnings ratio for 2025, maintaining a "buy" rating [2]

每年7月，伴随新疆向日葵迎来盛放期，日前洽洽第九届葵花节正式落地新疆伊犁。 此外，洽洽持续着力搭建规模化种植体系，不仅为农户提供种子与农资服务，全程跟踪指导种植， 还培训农户掌握洽洽的质量标准，以保证产出原料的优质性与高纯度，避免因原料混杂影响口味。目 前，洽洽累计合作种植户已超 2 万户。 李光申表示，公司每年投入上百万元研发资金，重点攻克向日葵前端产业的 "卡脖子" 问题。例 如，联合高校教师专家及农科院科学家，围绕向日葵菌核病防治、机械化收割、盐碱地水肥一体化等方 面开展试验研究，旨在促进产业良性发展，降低种植成本，提高种植管理水平，进而带动农户增收。 从种子到舌尖，从田间到工厂，洽洽用26年的坚守诠释着品质的真谛。 编辑：侯隽 作为洽洽优质葵花籽的核心源头基地之一，伊犁以得天独厚的地理禀赋——充足的日照、适宜的纬 度、透气土壤，为洽洽当地3800多亩的向日葵提供了绝佳的生长条件，饱满的花盘承载着阳光的养分， 印证着这里作为黄金产区的产业价值。 据悉，伊犁基地主要为洽洽山核桃、焦糖等热销风味瓜子提供原料。在葵花节期间，洽洽组织各界 代表们深入伊犁源头基地，在现场交流详解种植标准、合作模式与品质管控全流程 ...