加加食品集团股份有限公司 关于变更回购股份用途为注销并减少公司注册资本的公告 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。 重要提示： 1、变更回购股份用途：加加食品集团股份有限公司（以下简称"公司"）拟 将 2021 年回购股份方案中的用途"用于实施员工持股计划或股权激励计划"变更 为"用于注销并减少公司注册资本"。 证券代码：002650 证券简称：ST 加加 公告编号：2025-088 2、拟注销股份数量：本次变更用途并注销的股份共计 44,916,376 股，约 占公司当前总股本的 3.899%。注销完成后公司的总股本将由 1,152,000,200 股 减少为 1,107,083,824 股，注册资本将由 1,152,000,200 元减少为 1,107,083,824 元。 3、本事项尚需提交公司股东大会以特别决议方式审议。 公司于 2025 年 11 月 10 日召开第五届董事会 2025 年第七次会议，审议 通过了《关于变更回购股份用途为注销并减少公司注册资本的议案》，同意公 司根据 2021 年 12 月 17 日召开的第四届董事会 202 ...

证券代码：002650 证券简称：ST加加 公告编号：2025-089 加加食品集团股份有限公司 关于召开 2025 年第三次临时股东大会的通知 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。 一、召开会议的基本情况 1.股东大会届次：加加食品集团股份有限公司 2025 年第三次临时股东大会。 2.股东大会的召集人：加加食品集团股份有限公司（以下简称"公司"）董 事会。经公司第五届董事会 2025 年第七次会议审议通过了《关于提请召开公司 2025 年第三次临时股东大会的议案》，决定于 2025 年 11 月 27 日以现场投票与 网络投票相结合的方式召开公司 2025 年第三次临时股东大会。 3.本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所 股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公 司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》的有关 规定。 4.会议时间： （1）现场会议时间：2025 年 11 月 27 日（星期四）下午 14:30； （2）网络投票时间：通过深圳证券交易所系统进行网 ...

证券代码：002650 证券简称：ST加加 公告编号：2025-087 加加食品集团股份有限公司 一、 董事会会议召开情况 1、加加食品集团股份有限公司（以下简称"公司"）第五届董事会 2025 年第 七次会议于 2025 年 11 月 7 日以电话、电子邮件等方式发出通知。 2、本次董事会于 2025 年 11 月 10 日上午在湖南省宁乡市经济开发区三环路 与谐园路交汇处公司会议室，以现场表决结合通讯的方式召开。 3、会议应出席董事 5 名，实际出席董事 5 名，其中董事谢子敬、姚禄仕、 迟家方以通讯方式参加会议，出席会议的人数符合召开董事会会议的法定人数。 4、公司在会议上就董事会临时会议的紧急召集做了说明，全体董事一致同 意豁免本次董事会通知期限。会议由周建文董事长主持，公司监事周继良、肖星 星、公司高管杨亚梅、刘素娥、杨衡山列席会议。 5、本次会议的召集、召开符合《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司治理准则》《深圳证券交易所上市公司自律监管指引第 1 号— 主板上市公司规范运作》等有关法律法规、规范性文件及《公司章程》《董事会 议事规则》的规定。 二、董事会会议审议情况 1、 ...

Group 1 - The core point of the article is that ST Jiajia (SZ 002650) held its seventh board meeting of the fifth session on November 10, 2025, to discuss the proposal for the third extraordinary general meeting of shareholders in 2025 [1] - The company's revenue composition for the first half of 2025 is as follows: 77.42% from condiments, 19.69% from grain and oil products, and 2.89% from other categories [1] - As of the time of reporting, ST Jiajia has a market capitalization of 8.3 billion yuan [1]

Core Viewpoint - ST Jiajia has undergone significant changes in ownership and financial restructuring, with Oriental Asset becoming the largest shareholder after acquiring a substantial portion of shares through judicial auction, leading to a turnaround in the company's financial performance and stock price [3][8]. Group 1: Ownership Changes - On November 4, ST Jiajia announced that Oriental Asset acquired a significant portion of its shares, increasing its stake to 23.42%, making it the largest shareholder [3]. - Oriental Asset has invested over 4.4 billion in ST Jiajia over the past six years, including a recent 1 billion acquisition of controlling shares [8]. Group 2: Financial Performance - ST Jiajia's stock price surged from 1.58 yuan to 7.49 yuan, marking a fourfold increase, while the company reported a turnaround in its financials, with a projected net profit of 650,000 to 950,000 yuan for the first half of 2025, compared to a loss of 2.916 million yuan in the same period last year [14][16]. - Despite initial recovery, the company faced declining revenues from 2021 to 2023, with 2023 revenues dropping to 1.45 billion yuan and continued net losses [11][14]. Group 3: Debt Restructuring - In 2018, Oriental Asset helped ST Jiajia resolve significant debt issues, including a 1.53 billion yuan guarantee and 2.95 billion yuan in commercial paper debts, through a debt settlement agreement [6]. - The company faced further financial challenges due to the actions of its former controlling shareholder, leading to judicial freezes on assets and additional debt restructuring efforts [7][14].

Market Overview - The seasoning and fermentation sector increased by 0.56% compared to the previous trading day, with ST Jiajia leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - ST Jiajia (002650) closed at 7.20, up 1.98% with a trading volume of 85,900 shares and a turnover of 61.65 million yuan [1] - Qianhe Flavor (603027) closed at 9.75, up 1.67% with a trading volume of 306,200 shares and a turnover of 301 million yuan [1] - Anji Food (603696) closed at 13.55, up 1.42% with a trading volume of 319,900 shares and a turnover of 427 million yuan [1] - Other notable stocks include Tianwei Food (603317) at 12.53 (+1.05%), Haidilao (603288) at 37.97 (+0.69%), and Zhongju Gaoxin (600872) at 18.27 (+0.50%) [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 75.19 million yuan from institutional investors, while retail investors saw a net inflow of 98.49 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are more active [2] Individual Stock Capital Flow - Zhongju Gaoxin (600872) had a net inflow of 7.39 million yuan from institutional investors, while retail investors contributed a net inflow of 972.95 million yuan [3] - Qianhe Flavor (603027) saw a net inflow of 7.27 million yuan from institutional investors, but a net outflow of 910.75 million yuan from retail investors [3] - ST Jiajia (002650) experienced a net outflow of 120,100 yuan from institutional investors, with retail investors contributing a net inflow of 250.36 million yuan [3]

Core Insights - The soy sauce market in China is experiencing a cooling trend, with significant performance differentiation among leading companies [2][4] Group 1: Company Performance - Haitian Flavor Industry (海天味业) is the only company to achieve both revenue and net profit growth in the first three quarters, with revenue of 21.628 billion yuan, up 6.02%, and net profit of 5.322 billion yuan, up 10.54% [2][3] - Zhongju High-tech (中炬高新) reported its largest revenue decline since 2016, with revenue of 3.156 billion yuan, down 20.01%, and net profit of 380 million yuan, down 34.07% [2][3] - ST Jiajia (ST加加) remains in a loss position, with revenue of 1.009 billion yuan, down 2.65%, and a net loss of 18.0368 million yuan [3][5] Group 2: Market Trends - The soy sauce market is projected to reach 104.1 billion yuan by 2024, with a five-year compound annual growth rate of only 2.3%, lower than the overall seasoning industry growth rate of 4.5% [3][4] - The industry is facing a "Matthew Effect," where stronger companies continue to dominate, making it challenging for others to find new growth points in a saturated market [1][4] Group 3: Strategic Initiatives - Haitian Flavor Industry plans to use 20% of its fundraising for overseas market expansion, starting with Southeast Asia, where a production base in Indonesia is under construction [4][5] - Zhongju High-tech is enhancing its marketing efforts by signing celebrity endorsements and increasing the number of distributors, although this has led to rising sales expenses [4][5] - ST Jiajia is focusing on a "low-salt strategy" and has developed new low-salt products, but its recent change in ownership structure adds uncertainty to its future [5]

Core Insights - The seasoning and fermentation sector saw a 0.37% increase on November 6, with Angel Yeast leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Angel Yeast (600298) closed at 38.44, up 2.97% with a trading volume of 93,800 shares and a turnover of 360 million yuan [1] - Tianwei Food (603317) closed at 12.40, up 2.06% with a trading volume of 81,800 shares and a turnover of 101 million yuan [1] - Qianhe Flavor (603027) closed at 65.6, up 1.37% with a trading volume of 182,500 shares and a turnover of 176 million yuan [1] - ST Jiajia (002650) closed at 7.06, up 0.57% with a trading volume of 49,900 shares and a turnover of 35.3 million yuan [1] - Other notable stocks include: - Jialong Co. (002495) at 2.82, up 0.36% [1] - Fuling Pickles (002507) at 13.32, up 0.30% [1] - Zhongju Gaoxin (600872) at 18.18, up 0.22% [1] - Hengshun Vinegar (600305) at 8.15, up 0.12% [1] - Haitian Flavor (603288) at 37.71, up 0.05% [1] - Anji Food (603696) at 13.36, down 0.15% [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 142 million yuan from institutional investors, while retail investors saw a net inflow of 124 million yuan [2] - The detailed capital flow for key stocks includes: - Anji Food (603696) saw a net inflow of 6.38 million yuan from institutional investors [3] - ST Jiajia (002650) had a net inflow of 5.95 million yuan from retail investors [3] - Tianwei Food (603317) experienced a net outflow of 5.04 million yuan from institutional investors [3] - Angel Yeast (600298) had a net outflow of 8.27 million yuan from institutional investors [3]

东兴证券股份有限公司 关于加加食品集团股份有限公司 详式权益变动报告书 之 2025 年第三季度 持续督导报告 二零二五年十月 释义 | 除非另有说明，以下简称在本持续督导报告中的含义如下： | | --- | | 加加食品、上市公司、公司 | 指 | 加加食品集团股份有限公司 | | --- | --- | --- | | 信息披露义务人、中国东方、东方资产 | 指 | 中国东方资产管理股份有限公司 | | 中国东方天津分、中国东方天津市分公司 | 指 | 中国东方资产管理股份有限公司天津市分 | | | | 公司 | | 东兴证券、财务顾问 | 指 | 东兴证券股份有限公司 | | 中国证监会 | 指 | 中国证券监督管理委员会 | | 财政部 | 指 | 中华人民共和国财政部 | | 深交所 | 指 | 深圳证券交易所 | | 《证券法》 | 指 | 《中华人民共和国证券法》 | | 《收购管理办法》、《收购办法》 | 指 | 《上市公司收购管理办法》 | | 《详式权益变动报告书》 | 指 | 《加加食品集团股份有限公司详式权益变 | | | | 动报告书》 | | | | 东兴证券股份有限公司关于加 ...

Core Insights - The seasoning and fermentation sector saw a rise of 0.94% on October 31, with Richen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Richen Co., Ltd. (603755) closed at 38.40, up 10.00% with a trading volume of 37,300 lots and a transaction value of 141 million [1] - Qianhe Flavor & Fragrance (603027) closed at 9.27, up 5.82% with a trading volume of 404,500 lots and a transaction value of 371 million [1] - Tianwei Food (603317) closed at 11.94, up 4.65% with a trading volume of 132,500 lots and a transaction value of 158 million [1] - Other notable stocks include Baoli Food (603170) at 15.12 (+3.14%), Jialong Co., Ltd. (002495) at 2.70 (+2.66%), and Anji Food (603696) at 11.90 (+2.41%) [1] Capital Flow - The seasoning and fermentation sector experienced a net inflow of 65.31 million from retail investors, while institutional funds saw a net outflow of 65.96 million [2] - The main capital flow data indicates that Hai Tian Flavor & Fragrance (603288) had a net outflow of 42.64 million from institutional investors [3] - Richen Co., Ltd. (603755) saw a net inflow of 23.27 million from institutional investors, while Qianhe Flavor & Fragrance (603027) had a net inflow of 19.03 million [3]