Core Viewpoint - The article highlights the significant contributions of nine prominent figures from Henan in various sectors of the food industry, showcasing their innovative spirit and resilience in building successful brands that have become integral to China's food landscape [4][37]. Group 1: Seasoning Industry - Wang Shouyi transformed a family seasoning recipe into a national brand, "Wang Shouyi Thirteen Spices," achieving annual sales of 5 billion with a registered capital of 80 million by 2003 [6][8]. - The brand emphasizes quality control, sourcing specific ingredients from designated regions, ensuring high standards [7][9]. Group 2: Instant Food Industry - Yao Zhongliang revitalized the struggling Bai Xiang brand, turning it into a leading player in the instant food market by recruiting skilled talent and aggressively marketing the product [10][12]. - Bai Xiang has become a significant competitor in the instant food sector, contributing to Henan's food industry reputation [13]. Group 3: Beverage Industry - Zhang Hongchao founded "Mixue Ice City," which quickly gained popularity for its affordable and delicious beverages, expanding through a strict franchise model [14][16]. - The brand has successfully entered international markets, with notable sales performance in its first overseas store [16]. Group 4: Alcohol Industry - Zhang Tieshan established Jin Xing Beer, focusing on quality and differentiation in a market dominated by foreign brands, achieving a 65% market share in Henan [20][21]. - The brand has expanded nationally and is recognized for its quality and competitive pricing [20]. Group 5: Snack Industry - Shi Jubin founded "Haoxiangni," leading the red date industry with innovative products and a focus on quality sourcing, achieving over 30% market share [22][24]. - The brand promotes red date culture and has successfully penetrated international markets [24]. Group 6: Candy Industry - Zhao Qisan launched Jin Si Hou candy, which became popular with its milk candy, achieving sales exceeding 2 billion in 2008 [25][27]. - The brand has expanded its operations and continues to innovate with new products [27]. Group 7: Frozen Food Industry - Chen Zemin founded Sanquan Foods, pioneering the frozen food category in China with innovative products like frozen dumplings and tangyuan [28][30]. - The company has grown to become a leader in the frozen food sector, significantly impacting the industry [31]. Group 8: Ice Cream Industry - Zhang Zhenqing established Tianbing, focusing on affordable and high-quality ice cream, gaining a substantial market share in the cold drink sector [32][34]. - The brand emphasizes product innovation and consumer accessibility [34]. Group 9: Meat Industry - Wan Long led Shuanghui through a significant transformation, achieving over 180 billion in annual revenue and a 25% market share in the meat industry [36]. - The company has expanded globally, becoming a major player in the meat processing sector [36].

Company and Industry Summary Company Overview - The company is focused on the health food sector, particularly leveraging red dates as a core product for development and exploring other food categories such as noodles, porridge, nuts, and coffee [3][33]. Financial Performance - The company expects its revenue for the first half of 2025 to remain flat compared to the same period last year, but profits are anticipated to continue the positive trend seen in Q1, primarily due to cost reductions and effective expense management [2][4]. - Profit margins by channel are ranked as follows: specialty stores > provincial supermarkets (e.g., Sam's Club) > snack wholesale ≈ e-commerce > bulk commodities [2][7]. - The company aims to achieve profitability in 2025 after experiencing losses in previous years, with a specific target to turn around a loss of over 70 million yuan in 2024 [27][26]. Sales Channels and Strategies - The Sam's Club channel has shown significant growth, with the monthly sales of the black gold date product reaching approximately 15 million yuan, and potential to double if fully distributed across channels [2][9]. - The company has adjusted its procurement strategy to reduce risks by shifting from bulk annual purchases to smaller, more frequent orders [18][19]. - The company is implementing strict expense controls, particularly in e-commerce, to ensure profitability despite potential revenue stagnation [24][17]. Product Development and Innovation - New product launches are planned, including a DHA algae oil product expected to generate 20 million yuan in monthly sales once fully rolled out [12][13]. - The company is also preparing to introduce 2-3 new products, including a red date and cheese combination, around the Mid-Autumn Festival [10][14]. - The company continues to focus on red dates as a primary product while exploring other categories to utilize excess production capacity [33]. Market Dynamics - Adjustments in provincial supermarkets like Yonghui and Tianhong have positively impacted sales, allowing for direct procurement of standardized products without repackaging [8]. - The company anticipates stable performance in the snack wholesale channel, with limited growth expected [4]. Cost Management and Profitability - The company has identified three main factors contributing to profit growth: cost reductions, strict expense management, and the introduction of a product list aimed at generating revenue without incurring losses [17]. - The overall cost structure is expected to remain favorable, with significant cost benefits anticipated in the second quarter and beyond [22][20]. Future Outlook - The company is targeting double-digit revenue growth for 2025, although achieving this may be challenging given current market conditions [28][27]. - The strategic focus for 2025 is on profitability, with a clear plan to improve profit margins and manage expenses effectively [26][24]. Additional Considerations - The company has a dedicated strategic investment team to manage its investment activities, which may influence future financial performance [35]. - The company is committed to maintaining a reasonable dividend policy, aiming for a 10% annualized dividend yield while ensuring stability [37].

Core Viewpoint - The company "Hao Xiang Ni" has achieved international leading levels in two technological innovations related to traditional food, focusing on upgrading the functionality of traditional foods and aligning with national health strategies [1][2]. Group 1: Technological Innovations - The "Red Date Blackening Processing Technology" retains the nutritional components of red dates while allowing for innovative transformation, significantly enhancing product value [2]. - The "Food-Medicine Homologous Freeze-Dried Instant Powder Technology" integrates food science with traditional Chinese medicine, overcoming processing challenges and establishing a standardized production system [2]. - Both technologies have been recognized by an expert panel as reaching international leading standards, with significant economic and social benefits and great future development potential [2]. Group 2: Strategic Focus - The company positions itself as a leader in the red date industry, emphasizing technological innovation as a core driving force [2]. - A comprehensive innovation ecosystem has been established, encompassing basic research, technological breakthroughs, and the transformation of results, creating a complete industrial chain from cultivation to consumption [2]. - The company plans to increase research investment and accelerate the transformation of technological achievements to enhance its market competitiveness [3].

Group 1 - Zhang Jianjun is currently an independent director of the company, with a term starting from December 2024 [1] - Zhang Jianjun also serves as an independent director for Pop Mart International Group Limited [1] - The company participated in an investment in Shenzhen Longzhu Equity Investment Fund Partnership (Limited Partnership) in July 2021 [1]

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 ...