Report Overview - Report Title: Red Date Market Weekly Report [2] - Report Date: December 19, 2025 [2] - Researcher: Wang Cuibing [3] 1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints - This week, the price of the main contract of Zhengzhou red dates futures fell by about 0.34%. The Xinjiang procurement is nearing completion, and the follow - up market trend depends on the peak - season consumption performance. If the terminal demand is released as expected, the inventory clearance speed may accelerate and support the market to stabilize; otherwise, the inventory pressure may increase. With short - term supply being loose and demand showing no obvious improvement, the red date price is expected to remain weak [9][10] 3. Summary by Directory 3.1 Week - to - Week Summary - Future trading tips include monitoring spot prices and the consumer side - The price of the main contract of Zhengzhou red dates futures fell by about 0.34% this week - As of December 18, 2025, the physical inventory of 36 sample points of red dates was 16,108 tons, an increase of 318 tons from last week, a 2.01% week - on - week increase and a 34.68% year - on - year increase [9] 3.2 Futures and Spot Market - **Futures price**: The price of the Zhengzhou red dates 2605 contract fell by about 0.34% this week [10] - **Top 20 futures positions**: As of this week, the net position of the top 20 in red dates futures was - 10,420 lots [14] - **Futures warehouse receipts**: As of this week, the number of Zhengzhou red dates warehouse receipts was 1,092 [18] - **Futures price spread**: As of this week, the price spread between the Zhengzhou Commodity Exchange red dates 2605 contract and the 2609 contract was - 310 yuan/ton [21] - **Basis**: As of this week, the basis between the Hebei gray date spot price and the main contract of red dates futures was 735 yuan/ton [24] - **Procurement price in the main production area**: As of December 19, 2025, the unified purchase price of red dates in Aksu was 5.15 yuan/kg, in Alar was 5.65 yuan/kg, and in Kashgar was 6.5 yuan/kg [27] - **First - grade red date spot price**: As of December 19, 2025, the wholesale price of first - grade gray dates in Cangzhou, Hebei was 4.35 yuan/jin, and in Henan was 4.45 yuan/jin [31] - **Super - grade red date spot price**: As of December 19, 2025, the spot price of super - grade gray dates in Cangzhou, Hebei was 9.63 yuan/kg, and the wholesale price in Henan was 9.9 yuan/kg [35] 3.3 Industry Chain Situation - **Supply side - Inventory**: As of December 18, 2025, the physical inventory of 36 sample points of red dates was 16,108 tons, an increase of 318 tons from last week, a 2.01% week - on - week increase and a 34.68% year - on - year increase [40] - **Supply side - Production decline**: The red date production in the 2025/26 season is expected to decline [44] - **Demand side - Export**: In October 2025, China's red date export volume was 2,205,220 kg, the export value was 35,238,139 yuan, and the export average price was 15,979.42 yuan/ton. The export volume decreased by 3.44% month - on - month and 33.29% year - on - year. From January to October 2025, the cumulative export volume was 25,753,622 kg, a 0.18% year - on - year increase [48] - **Demand side - BOCE trading**: This week, the BOCE Xinjiang red date "Good Brand" had a small amount of trading in orders [53] 3.4 Options Market and Futures - Stock Correlation - **Options market**: The implied volatility of at - the - money options for red dates this week is presented in the report, but specific data is not summarized [54] - **Stock market - Haoxiangni**: The report shows the price - earnings ratio chart of Haoxiangni, but no specific data is summarized [56]

好想你（002582.SZ）12月19日在投资者互动平台表示，尊敬的投资者您好。截至目前，公司及全资子 公司合计持有湖南鸣鸣很忙商业连锁股份有限公司6.2881%的股权。 （记者 曾健辉） 每经AI快讯，有投资者在投资者互动平台提问：目前持有鸣鸣很忙多少股份？ ...

Core Viewpoint - The company "好想你" has shown a significant increase in stock price and trading activity, indicating positive market sentiment despite a decline in revenue. Group 1: Stock Performance - On December 19, "好想你" stock rose by 2.13%, reaching 10.56 yuan per share, with a trading volume of 51.11 million yuan and a turnover rate of 1.42%, resulting in a total market capitalization of 4.728 billion yuan [1] - Year-to-date, "好想你" stock price has increased by 44.36%, with a 3.63% rise over the last five trading days, 5.49% over the last 20 days, and 8.42% over the last 60 days [1] - The company has appeared on the trading leaderboard 16 times this year, with the most recent appearance on March 11, where it recorded a net purchase of 104 million yuan [1] Group 2: Financial Performance - For the period from January to September 2025, "好想你" achieved a revenue of 1.062 billion yuan, a year-on-year decrease of 9.77%, while the net profit attributable to shareholders was -4.7088 million yuan, showing a year-on-year increase of 92.24% [2] - Cumulatively, since its A-share listing, "好想你" has distributed a total of 1.638 billion yuan in dividends, with 921 million yuan distributed over the last three years [3] Group 3: Shareholder Structure - As of September 30, 2025, "好想你" had 46,300 shareholders, a decrease of 20.94% from the previous period, with an average of 7,432 circulating shares per shareholder, an increase of 26.49% [2] - The top shareholders include "兴全商业模式混合(LOF)A" holding 22.3161 million shares, and "招商优势企业混合A" as a new shareholder with 6 million shares [3]

Core Viewpoint - The company emphasizes its commitment to shareholder interests and is actively exploring various feasible plans for shareholder returns based on its operational performance, financial status, and future development strategy [2] Group 1 - The company will make decisions regarding the follow-up arrangements of its invested projects based on market conditions and overall funding planning and investment strategy [2] - The management expresses gratitude to shareholders for their long-term trust and aims to enhance company value through steady performance [2] - The company will disclose any significant matters in accordance with legal regulations and regulatory requirements [2] Group 2 - The management is currently researching and discussing multiple feasible plans for shareholder returns [2] - The company will promptly fulfill review procedures and disclose any clear plans in the future [2]

Group 1 - The 2025 Shanghai Stock Exchange (Chao Lake) High-Quality Development Conference was held in Hefei, Anhui, focusing on the role of listed companies in driving industrial innovation and economic development [1] - Shi Jubin, Chairman of Haoxiangni Health Food Co., Ltd., received the "Golden Quality·Elite Entrepreneur" award for his leadership and strategic contributions to corporate governance and social responsibility [1] - The conference included the 2025 "Shanghai Stock Exchange Eagle·Golden Quality" award ceremony, aimed at recognizing outstanding listed companies and management teams that actively contribute to high-quality development [1] Group 2 - The award acknowledges both Shi Jubin's leadership and the company's leading position in the red date industry, as well as its contributions to the economy [2] - Haoxiangni plans to continue implementing its ten operational strategies, focusing on brand building, technological innovation, product structure optimization, and market channel expansion to enhance competitiveness and promote high-quality development [2]

Core Viewpoint - The company, Hao Xiang Ni, has been actively selling products in Taiwan, focusing on health-oriented food items such as raw dates, pitted dates, walnut-stuffed dates, and date pastries [1] Group 1 - Hao Xiang Ni is recognized as an expert in Chinese red dates and positions itself as a warm-hearted enterprise dedicated to high-quality and premium products [1] - The company aims to provide healthy food options for consumers who value health and are willing to invest in their well-being [1]

Core Viewpoint - The company emphasizes its commitment to shareholder returns and will adhere to its profit distribution policy in accordance with its articles of association and relevant laws and regulations, balancing sustainable development with reasonable shareholder returns [2] Summary by Categories Shareholder Returns - The company will carefully formulate its annual dividend plan based on actual profit, cash flow, and future investment needs, with decisions made by the board of directors and the shareholders' meeting [2] - The company is open to feedback from shareholders regarding the profit distribution proposal for the year 2025, which will be formally announced later [2]

Core Viewpoint - The company emphasizes its commitment to shareholder returns and outlines its profit distribution policy, which will be determined based on various factors including actual profitability and cash flow [1] Group 1: Shareholder Engagement - The company acknowledges the importance of long-term shareholders and their loyalty to the product, which contributes to revenue and profit growth [1] - The company expresses appreciation for the trust and support from its long-term investors [1] Group 2: Profit Distribution Policy - The profit distribution policy will adhere to the company's articles of association and relevant laws, balancing sustainable development and reasonable returns for shareholders [1] - The specific annual dividend plan will be carefully formulated by the board and shareholders' meeting, considering the actual profit, cash flow, and future investment needs [1] - The company will actively listen to shareholder opinions regarding the profit distribution plan for 2025, with formal announcements to follow [1]

Group 1 - Zhengzhou will host three recruitment fairs, providing over 20,000 job positions across various regions, industries, and demographics [1] - The recruitment fairs will feature a combination of job matching, skills training, and unique empowerment activities to create a multi-layered employment service platform for job seekers [1][2] - The first recruitment fair on December 10 will offer more than 8,700 job positions from well-known companies in sectors such as manufacturing, biotechnology, information technology, and food processing [1][2] Group 2 - The recruitment fairs will include special activities like a short drama actor audition and hand-knitting training to enhance the appeal and effectiveness of the events [2] - The second recruitment fair on December 11 will focus on high-level talents and recent graduates, providing over 6,600 job positions in various fields including finance, education, and healthcare [3][4] - The third recruitment fair on December 13 will be held for key enterprises, further expanding job opportunities for job seekers [3][4] Group 3 - The job positions available will cover a wide range of professional categories, including software development, project management, and marketing, totaling over 9,900 positions [4] - The recruitment fairs will feature dedicated areas for company recruitment and displays, along with mobile services for easy resume submission [5]

Report Summary 1. Report Industry Investment Rating - Not provided in the report 2. Core View of the Report - The acquisition of grey jujubes in Xinjiang's main production areas is nearing completion, with an overall progress of about 90%. As of December 4, 2025, the physical inventory of 36 sample points of jujubes this week was 13,910 tons, an increase of 3,062 tons from last week, a month-on-month increase of 28.23% and a year-on-year increase of 135.16%. The inventory at sample points has increased. This week, the acquisition progress of jujubes in the Third Agricultural Division of Xinjiang and Maigaiti area has accelerated, with high procurement enthusiasm from enterprises and merchants, and a significant increase in the number of signed orders. The product prices in the sales areas have also stabilized. With the increase in downstream procurement, some holders have tentatively adjusted their quotes slightly. In the short term, prices will mainly operate at a low level. Attention should be paid to the actual sales situation. If the actual demand improves, the probability of price rebound will increase [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for jujubes was 9,180 yuan/ton, and the position of the main contract was 70,812 lots, a decrease of 8,380 lots compared to the previous period. The net long position of the top 20 futures holders was -3,675 lots, and the number of warehouse receipts was 701, an increase of 42. The total effective warehouse receipt forecast for jujubes was 781 [2] 现货市场 - The prices of jujube products in different regions remained stable. For example, the wholesale price of first-class grey jujubes in Hebei was 4.25 yuan/jin, and in Henan it was 4.3 yuan/jin. The prices of special-grade jujubes in different regions were also stable, such as 9.8 yuan/kg in Henan, 9.74 yuan/kg in Hebei, and 10.8 yuan/kg in Guangdong [2] Upstream Market - The annual jujube output was 318.7 million tons, and the planting area was 1.993 million hectares, a decrease of 41,000 hectares [2] Industry Situation - The national jujube inventory this week was 13,910 tons, an increase of 3,062 tons. The monthly jujube export volume was 2,205,220 kilograms, a decrease of 78,451 kilograms. The cumulative monthly jujube export volume was 25,753,622 kilograms [2] Downstream Situation - The cumulative quarterly sales volume of jujubes by Hao Xiang Ni was 36,480.43 tons, and the cumulative quarterly year-on-year production increase was 1.47%, a decrease of 34.59 percentage points [2] Industry News - The acquisition of grey jujubes in Xinjiang's production areas is in the final stage. Only some sellers with average quality and those holding out for higher prices remain. The mainstream prices for general jujubes in different regions are as follows: Aksu 4.80 - 5.20 yuan/kg, Alar 5.00 - 6.00 yuan/kg, Kashgar 6.00 - 6.50 yuan/kg, and Maigaiti 6.00 - 6.30 yuan/kg. The acquisition in Ruoqiang, Hotan, and Qiemo has ended, and raw material acquisition in the production areas follows the principle of high quality at a high price [2]