证券之星消息，7月30日休闲食品板块较上一交易日上涨1.6%，西麦食品领涨。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。休闲食品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002956 | 西麦食品 | 21.91 | 9.28% | 13.28万 | | 2.80 Z | | 002695 | 煌上煌 | 14.07 | 5.39% | 22.88万 | | 3.14亿 | | 002557 | 治治食品 | 23.42 | 4.55% | 24.21万 | | 5.69 Z | | 300973 | 立高食品 | 46.56 | 3.72% | 2.88万 | | 1.32亿 | | 002719 | 麦脚尔 | 9.62 | 3.00% | 16.89万 | | 1.60亿 | | 000716 | 黑芝麻 | 6.27 | 1.95% | 39.22万 | | 2.45亿 | | 00300 ...

Core Points - The establishment of the first "Ticket Root Economic Alliance" in Yantai aims to enhance consumer experience by linking various businesses through ticket-based discounts and benefits [1][2] - The alliance includes 14 benchmark enterprises across three sectors: cultural tourism, dining and accommodation, and retail [2] - The initiative is designed to extend the consumer experience from a single purchase to multiple interactions, thereby creating a more integrated economic ecosystem [1][3] Summary by Categories Alliance Formation - The "Ticket Root Economic Alliance" was launched on July 28, with participation from 14 local businesses [1][2] - Key figures from local government and business sectors attended the launch, emphasizing collaboration for economic growth [1][2] Consumer Benefits - Consumers can enjoy exclusive discounts by presenting various tickets, including transportation and attraction tickets, at participating businesses from July 28, 2025, to December 31, 2025 [2] - Specific discounts include a 10% reduction on tickets at the Zhangyu Wine Culture Museum and various offers from other alliance members [2][5] Economic Impact - The initiative aims to stimulate local economic growth by promoting consumer spending and enhancing the overall business environment in the region [3] - The alliance is expected to create a synergistic effect among businesses, leading to increased customer traffic and resource sharing [1][3]

Market Overview - The leisure food sector experienced a decline of 1.22% on July 29, with Yanjinpuzi leading the drop [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Individual Stock Performance - Huangshanghuang (002695) saw a price increase of 3.25%, closing at 13.35, with a trading volume of 127,700 shares and a turnover of 167 million yuan [1] - Yanjinpuzi (002847) reported a significant decline of 6.22%, closing at 69.69, with a trading volume of 50,100 shares and a turnover of 355 million yuan [2] - Other notable declines included Maquuer (002719) down 2.61% and Lihigh Food (300973) down 2.18% [2] Capital Flow Analysis - The leisure food sector saw a net outflow of 173 million yuan from institutional investors, while retail investors experienced a net inflow of 212 million yuan [2] - The capital flow for individual stocks showed varied trends, with Lihigh Food receiving a net inflow of 9.36 million yuan from institutional investors [3] - Conversely, Yanjinpuzi experienced a net outflow of 3.56 million yuan from institutional investors [3]

Core Viewpoint - The HSBC Jintrust Consumer Dividend Stock Fund (540009) reported a profit of 2.0889 million yuan for Q2 2025, with a weighted average profit per fund share of 0.0084 yuan, and a net value growth rate of 0.97% during the period [3]. Fund Performance - As of the end of Q2 2025, the fund's scale was 196 million yuan [15]. - The fund's unit net value was 0.798 yuan as of July 18 [3]. - Over the past three months, the fund's adjusted unit net value growth rate was 0.15%, ranking 23 out of 41 comparable funds [3]. - Over the past six months, the adjusted unit net value growth rate was 3.38%, ranking 26 out of 41 comparable funds [3]. - Over the past year, the adjusted unit net value growth rate was 18.72%, ranking 9 out of 41 comparable funds [3]. - Over the past three years, the adjusted unit net value growth rate was -10.47%, ranking 11 out of 37 comparable funds [3]. Risk Metrics - The fund's Sharpe ratio over the past three years was -0.0217, ranking 13 out of 37 comparable funds [8]. - The maximum drawdown over the past three years was 30.23%, ranking 31 out of 37 comparable funds [10]. - The largest single-quarter drawdown occurred in Q1 2022, at 23.74% [10]. Investment Strategy - The fund maintained an average stock position of 88.87% over the past three years, compared to the industry average of 87.68% [13]. - The fund's highest stock position was 93.2% at the end of Q3 2019, while the lowest was 81.25% at the end of Q1 2025 [13]. - The fund's management indicated a focus on resilient stocks and adjustments in positions based on mid-term growth potential and certainty, with increased allocations in the agricultural sector during Q2 [3]. Holdings Concentration - As of the end of Q2 2025, the fund had a high concentration in its top ten holdings, which included Hai Da Group, Gree Electric Appliances, SF Holding, Muyuan Foods, Wens Foodstuff Group, HLA Corp, Spring Airlines, Yonghui Superstores, Ximai Food, and Sun Paper [18].

Investment Rating - The industry investment rating is "Overweight" [1] Core Viewpoints - The report highlights that the food and beverage sector is expected to benefit from potential domestic policy adjustments and a recovery in consumer demand in the second half of the year [3][4] - The report suggests strategic positioning in leading liquor companies due to their low valuation and favorable market conditions [3][6] - The snack food segment shows strong growth potential, driven by product innovation and emerging sales channels [6] Summary by Sections Industry Overview - The food and beverage sector is currently experiencing a slowdown in retail sales growth, with June 2025 retail sales increasing by 4.8% year-on-year, a decrease of 1.6 percentage points from May [4][8] - The report notes that the decline in consumer spending on dining and discretionary items has impacted overall sales performance [4][5] Liquor Sector - The liquor industry is in a bottoming phase, with consumption scenarios limited by recent policy changes and promotional activities affecting pricing [6] - The report recommends focusing on top liquor brands such as Kweichow Moutai, Luzhou Laojiao, and Shanxi Fenjiu for potential investment opportunities [3][6] Snack Food Sector - The snack food segment, particularly products like konjac, is experiencing robust growth due to health trends and diverse flavor offerings [6] - The report emphasizes the importance of identifying quality companies in the snack food sector that align with industry development trends for long-term investment [3][6]

证券代码：002956 证券简称：西麦食品 公告编号：2025-030 桂林西麦食品股份有限公司 关于 2025 年员工持股计划管理委员会选聘的公告 特此公告。 桂林西麦食品股份有限公司 董事会 2025 年 7 月 15 日 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。 桂林西麦食品股份有限公司（以下简称"公司"）2025 年员工持股计划第 一次持有人会议于 2025 年 7 月 11 日召开，会议同意设立 2025 年员工持股计划 管理委员会，并选举胡莹女士、张明亮先生、何剑萍女士为 2025 年员工持股计 划管理委员会委员，任期为 2025 年员工持股计划的存续期。 同日召开 2025 年员工持股计划管理委员会会议，选举胡莹女士为 2025 年员 工持股计划管理委员会主任，任期为 2025 年员工持股计划的存续期。 上述管理委员会委员均为公司员工，未在公司控股股东或者实际控制人（无 控股股东的，第一大股东）单位担任职务，均不是持有公司 5%以上股东、实际 控制人、公司董事、监事、高级管理人员且与前述主体不存在关联关系。 ...

029 证券代码：002956 证券简称：西麦食品 公告编号：2025- 关于募投项目结项并将节余募集资金永久补充流动 资金的公告 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。 桂林西麦食品股份有限公司（以下简称"公司"）首次公开发行股票的募投 项目已全部建设完成。根据《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》等关于募集资金管理的规定，公司将江苏西麦燕麦食品 创新工厂项目进行结项，并将节余募集资金 2,174,383.78 元（含利息收入扣除 手续费后净额）用于永久补充流动资金。节余募集资金划转完成后，公司对相关 募集资金专户进行销户，相关募集资金监管协议予以终止。 桂林西麦食品股份有限公司 一、募集资金基本情况 经中国证券监督管理委员会《关于核准桂林西麦食品股份有限公司首次公开 发行股票的批复》（证监许可[2019]940 号）核准，由主承销商招商证券股份有限 公司采用网上公开申购发行的方式，公司首次公开发行人民币普通股股票 2,000 万股，每股发行价格为人民币 36.66 元。公司实际已向社会公众公开发行人民币 普通股股 ...

Group 1: Core Views - The report suggests that the food and beverage industry is expected to see a valuation recovery as market sentiment improves, with a focus on low-priced leading companies in the liquor sector and structural opportunities in the food sector [2][7][10]. Group 2: Liquor Sector - The liquor sector is experiencing a phase of demand decline due to seasonal factors and regulatory impacts, leading to pressure on high-end liquor prices, while mass consumption remains stable [7][13]. - Major companies like Moutai are expected to maintain their performance due to strong brand positioning, while others are entering an adjustment phase, with varying adjustment speeds among companies [7][14]. - Q2 performance forecasts for major liquor companies indicate a range of revenue and profit changes, with Moutai expected to see a 9% increase in both revenue and profit [14][15][16]. Group 3: Food Sector - The food sector shows signs of recovery, with segments like beverages, snacks, and pet food experiencing upward trends, while beer and restaurant supply chains face structural challenges [21][24]. - The beverage industry remains vibrant with new product launches and a clear trend towards reduced sugar options, while competition intensifies [24][30]. - Dairy products are seeing mixed performance, with some segments like low-temperature dairy and cheese growing, while others face challenges [24][33]. Group 4: Investment Recommendations - The report recommends focusing on leading liquor companies with a safety margin for investment, as well as food companies that are expected to exceed mid-year performance expectations [10][28]. - Specific companies highlighted for potential investment include Nongfu Spring, Uni-President China, and Tianwei Foods, among others [10][28].

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The food and beverage index increased by 0.8% from July 7 to July 11, ranking 23rd among 28 sectors, performing in line with the CSI 300 index. The sub-sectors of liquor (+1.4%), health products (+1.4%), and beer (+1.2%) showed relatively strong performance [11][12] - The current liquor market is experiencing downward pressure due to unexpected restrictions on alcohol consumption, leading to a decline in demand. However, it is anticipated that the liquor sector will find a bottom in the second half of the year, presenting potential investment opportunities [11][12] - The report suggests focusing on leading liquor companies such as Kweichow Moutai, Luzhou Laojiao, Shanxi Fenjiu, and others for strategic investments. Additionally, it recommends identifying high-quality new consumption companies that align with industry trends for long-term holding [11][12] Summary by Sections Weekly Insights - Strategic focus on leading liquor companies and maintaining high-quality new consumption stocks. The liquor sector is expected to stabilize and present investment opportunities in the second half of the year [11][12] Market Performance - The food and beverage index's performance is consistent with the broader market, with specific sub-sectors like liquor and health products outperforming [12][13] Upstream Data - Some upstream raw material prices are declining, with whole milk powder prices showing a year-on-year increase of 19.9%, while fresh milk prices have decreased by 6.5% year-on-year [15][20] Liquor Industry News - The market price of Kweichow Moutai has been steadily increasing, indicating a recovery in market confidence. Other companies are also taking measures to stabilize their pricing strategies [39] Recommended Portfolio - Recommended stocks include Kweichow Moutai, Shanxi Fenjiu, Ximai Food, and others, focusing on companies with strong growth potential and favorable market conditions [4][45]

| 序号 | 项目名称 | 实施主体 | 计划投入募集资 | 项目是否 | | --- | --- | --- | --- | --- | | | | | 金(万元) | 已结项 | | 1 | 燕麦食品产业化项目 | 河北西麦 | 9,222.75 | 是 | | 2 | 品牌建设及营销渠道升级项目 | 河北西麦/江苏 西麦/西麦营销 | 11,068.00 | 是 | | 3 | 江苏西麦燕麦食品生产基地建设 项目(一期) | 江苏西麦 | 10,173.00 | 是 | | 4 | 运营及信息化中心建设项目 | 南京西麦 | 7,000.00 | 是 | | 5 | 江苏西麦燕麦食品创新工厂项目 | 江苏西麦 | 15,200.00 | 否 | | 6 | 燕麦食品创新生态工厂项目 | 贺州西麦 | 16,300.00 | 是 | | | 合 计 | | 68,963.75 | | 一、募投项目基本情况 二、项目进展及投产对公司的影响 公司募投项目之一"江苏西麦燕麦食品创新工厂项目"已完成主体建设及设 备安装等工作。该项目正式投产后将进一步提升公司产能，为公司销售规模不断 扩大提供产能支持，形成规模经济 ...