Overview of Accounting Method Change - The company has changed its accounting method for its investment in Hunan Mingming Henmang Commercial Chain Co., Ltd. from equity method to fair value measurement due to changes in its board representation and shareholding percentage [3][4] - The investment in Mingming Henmang amounts to RMB 700 million, representing a 6.64% stake prior to the change [3] Financial Impact - The change in accounting method results in a decrease of RMB 723.87 million in long-term equity investments and an increase of RMB 684.02 million in other non-current financial assets on the consolidated balance sheet [3] - The capital reserve increases by RMB 37.45 million, while investment income decreases by RMB 77.31 million, leading to a corresponding decrease in net profit attributable to the parent company [3] Future Accounting Treatment - Future changes in the fair value of the investment will be recognized in the current profit and loss statement, reflecting a shift in how the company accounts for this investment [2][4] - The company emphasizes that the financial data changes are temporary and do not reflect a fundamental change in its operational capabilities or investment value [2][4]

证券代码：002582 证券简称：好想你 公告编号：2025-034 好想你健康食品股份有限公司 一、关于会计核算方法变更的概述 （一）变更原因 好想你健康食品股份有限公司（（以下简称（ 公司"）及全资子公司于 2023 年 12 月向湖南鸣鸣很忙商业连锁股份有限公司（原湖南零食很忙商业连锁有限公 司，以下简称（ 鸣鸣很忙"）合计投资人民币 7 亿元，持有零食很忙 6.64%股权。 鉴于公司向鸣鸣很忙委派一名董事，且是鸣鸣很忙第三大股东，公司根据（ 企业 会计准则第 2 号-长期股权投资》规定，将该项投资作为长期股权投资并按照权 益法核算。 2025 年 4 月，公司不再向鸣鸣很忙委派董事。且晏周先生和赵定先生签署 了（ 一致行动协议》，根据（ 企业会计准则第 2 号-长期股权投资》规定，应当按 照 企业会计准则第 22 号——金融工具确认和计量》核算。截至本公告日，公 司及全资子公司合计持有鸣鸣很忙 6.2881%的股权。 （二）变更时间 关于对参股企业会计核算方法变更的公告 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。 特别提示： 1、本次会计核算方法变 ...

Group 1 - The artificial meat concept sector rose by 2.37%, ranking 7th among concept sectors, with 17 stocks increasing in value, including Huabao Co., which hit a 20% limit up [1][2] - Leading stocks in the artificial meat sector included Lingge Technology, Meiyingsen, and Haoxiangni, which rose by 5.50%, 4.11%, and 3.42% respectively [1] - The sector experienced a net inflow of 7.71 million yuan, with Huabao Co. receiving the highest net inflow of 55.56 million yuan [2][3] Group 2 - The top three stocks by net inflow ratio were Huabao Co. at 13.93%, Haoxiangni at 9.71%, and Aipu Co. at 9.15% [3] - Other notable stocks included Shuanghui Development and Shuangta Food, with net inflows of 14.04 million yuan and 6.82 million yuan respectively [3][4] - Stocks that faced declines included Xue Rong Biological, which fell by 2.99%, and Fuxiang Pharmaceutical, which decreased by 1.57% [1][4]

Investment Rating - The report assigns an "Overweight" rating for the food and beverage industry, indicating that the industry index is expected to outperform the CSI 300 index by 10% or more over the next six months [1][53]. Core Insights - The food and beverage sector experienced a decline of 1.06% last week, slightly outperforming the CSI 300 index by 0.02 percentage points, ranking 27th among 31 sectors [4][9]. - The liquor segment is in a bottoming phase, with a focus on leading companies for recovery. The impact of recent "alcohol bans" is expected to be limited, as business banquets and personal consumption remain the primary drivers of demand [4][9]. - The beer sector is showing signs of improvement as the peak consumption season approaches, with April production figures indicating a 4.8% year-on-year increase [4][23]. - The snack segment is characterized by high growth potential, driven by strong product categories and new distribution channels [4]. - The dairy sector is expected to stabilize as upstream production capacity adjusts, with milk prices anticipated to recover gradually [4]. Summary by Sections 1. Market Performance - The food and beverage sector's performance last week was a decline of 1.06%, with soft drinks showing a notable increase of 9.27% [4][9]. - Top-performing stocks included Junyao Health and Kweichow Moutai, with gains of 38.58% and 32.17% respectively [4][9]. 2. Key Consumer Products and Raw Material Prices 2.1 Liquor Prices - As of June 1, 2025, the price for 2024 Moutai (bottle) is 2,070 CNY, down 50 CNY from the previous month [18]. 2.2 Beer Data - April production for major beer companies reached 2.896 million kiloliters, a 4.8% increase year-on-year [23]. 2.3 Upstream Raw Material Data - As of May 30, 2025, the price of fresh milk is 12.17 CNY per liter, with a year-on-year decrease of 0.49% [25]. 3. Industry Dynamics - Significant growth in wine sales was reported during the JD 618 shopping festival, with red wine sales increasing by 200% year-on-year [50]. - Guangdong province's beer production increased by 1.3% in the first four months of 2025 [50]. 4. Core Company Dynamics - Fuling Zhacai announced a cash dividend of 4.20 CNY per share, totaling 4.85 billion CNY [52]. - Haitian Flavoring announced a cash dividend of 8.60 CNY per share, totaling 47.73 billion CNY [52].

Group 1 - The article highlights the emergence of a new consumer landscape in China, showcasing the "Henan phenomenon" where 10 brands from Henan province made it to the top 1000 brands, ranking 11th among mainland provinces [1][3] - The CBI500 list, developed by Peking University and supported by Alibaba's Taotian Group, will be updated quarterly to reflect real-time quality consumption trends in China [1][9] - The index indicates a stable growth trend in Chinese online consumer brands, with the average score increasing from 59.42 in Q1 2023 to 63.38 in Q1 2025, suggesting an improvement in consumer purchasing quality [9][10] Group 2 - Henan's brands, including Deyou, Bai Xiang, and Shuanghui, dominate the food category, reflecting the province's status as a major grain production area, contributing about 10% of the national grain output [3][4] - The article emphasizes the innovative strategies of brands like Shuanghui and Wei Long, which have successfully transformed local snacks into nationally recognized products through standardization and branding [4][5] - The rise of local brands in Henan is attributed to their ability to adapt to consumer trends and leverage e-commerce platforms for broader market reach [6][8] Group 3 - The introduction of the "new sharpness" metric in the CBI500 list highlights the growth potential of local brands, with Deyou achieving a score of 72.87 and a significant increase in young consumer engagement [6][10] - Brands like Yunyima and Tiankongshu have successfully targeted niche markets, demonstrating the diverse innovation landscape in Henan beyond the food industry [7][8] - The article concludes that the combination of innovation, data utilization, and market diversification is driving the growth of Henan's brands, positioning them for both national and international success [6][10]

| | 证券代码：002582 证券简称：好想你 | | | 公告编号：2025-033 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 好想你健康食品股份有限公司 | | | | | | | | | | | 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 | | | | | | | | | | | 载、误导性陈述或重大遗漏。 | | | | | | | | | | | 好想你健康食品股份有限公司（以下简称"公司"或"本公司"）于近日接 | | | | | | | | | | | 到控股股东石聚彬先生通知，获悉其持有本公司的股份办理了解除质押业务，现 | | | | | | | | | | | 将有关事项公告如下： | | | | | | | | | | | 一、股东股份解除质押基本情况 | | | | | | | | | | | 是否为控股 | | | | | | | | | | | 本次解除质押 | | | | 质权人/ | | | | | | 股东名 | 股东或第一 占其所持 ...

证券代码：002582 证券简称：好想你 公告编号：2025-033 好想你健康食品股份有限公司 关于控股股东股份解除质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 好想你健康食品股份有限公司（以下简称"公司"或"本公司"）于近日接 到控股股东石聚彬先生通知，获悉其持有本公司的股份办理了解除质押业务，现 将有关事项公告如下： | 股东名 | 是否为控股 股东或第一 | 本次解除质押 股份数量 | 占其所持 | 占公司总 | 起始日 | 解除日期 | 质权人/ 申请人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 称 | 大股东及其 | | 股份比例 | 股本比例 | | | | | | 一致行动人 | （股） | | | | | 等 | | 石聚彬 | 是 | 5,000,000 5,000,000 | 3.87% 3.87% | 1.11% | 2025/3/24 2025/3/25 | 2025/5/26 | 国泰君 安证券 | | | | | | 1.11% | | | | | | ...

Investment Rating - The report maintains an "Increase" rating for the food and beverage industry, indicating a positive outlook for key players in the sector [5]. Core Insights - The white liquor industry is experiencing gradual pressure, with a focus on rational targets for 2025. The report emphasizes three main investment lines: leading brands with competitive advantages, high-certainty regional brands, and flexible stocks benefiting from recovery and increased risk appetite [1][2]. - The beer sector shows a slight decline in production, with a 0.6% year-on-year decrease in the first four months of 2025. However, there is potential for recovery in the upcoming peak season, suggesting a favorable investment window [3]. - The report highlights the broad recovery potential in the catering supply space, with leading companies expected to benefit from improved performance and market expansion strategies [4][7]. Summary by Sections White Liquor - The industry consensus is shifting towards stable, high-quality growth with a focus on market share rather than aggressive growth targets. Key strategies include product innovation, market penetration, and international expansion [2]. - Major companies like Guizhou Moutai and Shanxi Fenjiu are focusing on maintaining market stability and enhancing their brand presence among younger consumers [2]. Beer and Beverage - The beer production for January to April 2025 was 11.44 million kiloliters, reflecting a slight decline. However, April showed a 4.8% increase in production, indicating potential for recovery [3]. - The beverage sector is characterized by intense competition, but new product launches and recovery in consumer demand are expected to sustain high growth [3]. Catering Supply - The report notes significant opportunities for leading companies in the catering supply sector, particularly with the introduction of new products and expansion into new categories [4][7]. - Companies like Three Squirrels are diversifying their product lines and enhancing their distribution channels to capture more market share [7].

Group 1 - Kuaishou concept stocks fell by 2.89%, ranking among the top declines in the concept sector as of May 23 [1] - The main stocks in the Kuaishou concept that experienced significant declines include *ST Tianze, which hit the daily limit down, and others like Rihua Dongfang and Aofei Entertainment [1] - The Kuaishou concept saw a net outflow of 1.398 billion yuan from main funds, with 40 stocks experiencing net outflows, and 11 stocks seeing outflows exceeding 50 million yuan [2] Group 2 - The stock with the highest net outflow was Tom Cat, with a net outflow of 283 million yuan, followed by Meiri Interactive and Aofei Entertainment with net outflows of 197 million yuan and 106 million yuan respectively [2] - The stocks with the highest net inflows included Zhidema and Haoxiangni, with net inflows of 94.575 million yuan and 15.181 million yuan respectively [4] - The Kuaishou concept's performance was notably affected by the overall market trend, with several other concept sectors also experiencing declines [2][3]

Group 1: Market Position and Strategy - The company holds a leading position in the high-end jujube market and aims to expand its product coverage through innovation and channel development [2] - The company targets a long-term strategic goal of achieving a market capitalization and revenue of 10 billion yuan, focusing on enhancing market share and optimizing supply chain efficiency [5][6] Group 2: Technological Innovation - The company prioritizes technological innovation as a core driver for high-quality development, focusing on three main areas: collaboration with academic institutions, building a digital platform for supply chain management, and upgrading production lines [3] - Recent innovations include the development of new products such as "Red Small Pie" and "Black Gold Jujube," which have gained consumer popularity [9][15] Group 3: Cost Reduction and Efficiency - In 2024, the company implemented cost reduction and efficiency measures, including digital collaboration for supply chain management and data-driven marketing strategies [3][4] - The company has established a standardized process that enhances resource utilization efficiency, contributing to sustainable business growth [4] Group 4: Financial Performance and Future Outlook - As of the first quarter of 2025, the company reported a significant increase in net profit, attributed to new product launches and expanded distribution channels [9] - The company is committed to providing stable returns to shareholders based on annual performance and strategic planning [4] Group 5: Industry Challenges and Opportunities - The health food industry is experiencing rapid growth, with opportunities arising from increased consumer demand for functional foods and new retail channels [8] - Challenges include competition from cross-industry entrants, fluctuations in raw material prices, and the need for continuous product innovation [8]