Core Insights - The beverage and dairy sector experienced a slight decline of 0.18% on January 19, with Huanlejia leading the drop [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Sector Performance - The beverage and dairy sector saw mixed performances among individual stocks, with notable gainers including: - Quanyunquan (681009) with a closing price of 8.11, up 10.04% and a trading volume of 328,000 shares [1] - Xibumuy (300106) at 11.36, up 4.70% with 186,100 shares traded [1] - Zhuangyuanmucang (002910) at 12.02, up 4.34% with 226,300 shares traded [1] - Conversely, Huanlejia (300997) led the decline with a closing price of 26.12, down 5.09% and a trading volume of 225,400 shares [2] Capital Flow - The beverage and dairy sector experienced a net outflow of 48.59 million yuan from institutional investors, while retail investors saw a net inflow of 68.04 million yuan [2] - The capital flow for individual stocks showed: - Quanyunquan had a net inflow of 72.37 million yuan from institutional investors, but a net outflow from retail investors [3] - Yiyuan Beverage (600887) had a net inflow of 8.73 million yuan from institutional investors, with a slight net outflow from retail investors [3]

证券代码：300997 证券简称：欢乐家 公告编号：2026-002 一、 担保情况概述 欢乐家食品集团股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召 开第二届董事会第三十次会议和第二届监事会第二十一次会议，于 2025 年 4 月 18 日召开 2024 年年度股东大会，审议通过了《关于公司及子公司 2025 年度融 资和担保额度的议案》，同意就 2025 年度公司及子公司融资总额度进行统一授 权。2025 年度公司及子公司（含分公司）向商业银行、外资银行、政策性银行 及其它金融机构申请融资授信额度（包括新增及原授信到期后续展）合计不超过 20 亿元，均为生产经营所需。同时公司及子公司预计为上述综合授信额度提供 不超过人民币 15 亿元的担保。上述授权期限自公司 2024 年年度股东大会审议通 过本事项之日起至 2025 年年度股东大会召开之日止。在上述已审议通过的授权 期限、融资授信额度和担保额度的范围内，公司董事会和股东大会无需再对单笔 融资授信以及上述担保事项逐笔另行审议。公司于 2025 年 10 月 24 日召开第三 届董事会第三次会议，于 2025 年 11 月 13 日召 ...

Group 1 - The beverage and dairy sector increased by 0.22% on January 15, with Zhuangyuan Pasture leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - Zhuangyuan Pasture's stock price rose by 5.09% to 12.80, with a trading volume of 353,100 shares and a transaction value of 441 million yuan [1] Group 2 - The beverage and dairy sector saw a net inflow of 5.26 million yuan from institutional investors, while retail investors experienced a net outflow of 33.19 million yuan [2] - The top individual stock performers included Zhuangyuan Pasture, which had a net inflow of 41.63 million yuan from institutional investors [3] - Other notable stocks included Yili Group and Dongpeng Beverage, with net inflows of 38.09 million yuan and 36.65 million yuan, respectively [3]

Investment Rating - The report assigns an "Overweight" rating for the food and beverage industry, indicating a positive outlook for the sector relative to the broader market [1]. Core Insights - The report highlights that the Consumer Price Index (CPI) in December 2025 reached its highest year-on-year increase since March 2023, with food prices continuing to improve. This is attributed to policies aimed at boosting domestic demand and increased consumer spending during the New Year period [5][48]. - The food and beverage sector saw a 2.12% increase in the market last week, underperforming the CSI 300 index by 0.66 percentage points, ranking 26th among 31 sectors [10]. - Key companies such as Sam's Club and Alibaba are expanding aggressively, with Sam's Club projected to exceed 140 billion yuan in sales for 2025, marking a 40% increase from 2024 [48]. Summary by Sections 1. Market Performance - The food and beverage sector's performance was highlighted, with a 2.12% increase last week, while the pre-processed food sub-sector performed particularly well with a 6.72% increase [10][13]. - The top five performing stocks included Qianwei Yangchun, Anji Food, and Yangyuan Beverage, with respective increases of 22.52%, 18.34%, and 14.78% [10][15]. 2. Price Trends - The report notes that food prices have shown significant increases, particularly in fresh vegetables and fruits, which rose by 18.2% and 4.4% year-on-year, respectively [5]. - The price of milk was reported at 12.17 yuan per liter, with a slight year-on-year decrease of 0.16% [26]. 3. Industry Dynamics - The report discusses the expansion of membership supermarkets and instant retail, with notable growth in companies like Sam's Club and Alibaba's Taobao Flash Sale [48][49]. - The government is implementing a comprehensive policy to stimulate domestic demand, focusing on enhancing consumer spending and supporting private investment [49]. 4. Core Company Updates - New Dairy announced a cash dividend of 0.70 yuan per share, while Fuling Pickled Vegetables and Luzhou Laojiao also declared significant cash dividends [51].

Market Overview - The beverage and dairy sector experienced a decline of 1.09% on January 13, with Huanlejia leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Individual Stock Performance - The top performer in the beverage and dairy sector was Quanyangquan, which rose by 2.82% to a closing price of 7.29, with a trading volume of 307,300 shares and a transaction value of 224 million [1] - Huanlejia saw the most significant decline, dropping 10.06% to a closing price of 28.60, with a trading volume of 258,700 shares and a transaction value of 803 million [2] - Other notable declines included Yangguang Dairy (-3.38%), Qishi Dairy (-3.26%), and Junyao Health (-2.85%) [2] Capital Flow Analysis - The beverage and dairy sector experienced a net outflow of 297 million from institutional investors, while retail investors saw a net inflow of 328 million [2] - The capital flow for individual stocks showed that Quanyangquan had a net outflow of 22.58 million from institutional investors, while Tianrun Dairy had a net inflow of 10.96 million [3] - Overall, retail investors contributed positively to several stocks, with notable inflows into Jiahua Food and Zhuangyuan Pasture [3]

Core Viewpoint - The company announced a change in its registered address due to operational needs, and it has obtained a new business license from the Shenzhen Market Supervision Administration [1]. Group 1 - The company is Shenzhen Happy Home Investment Co., Ltd., a wholly-owned subsidiary of Happy Home Food Group Co., Ltd. [1] - The business license was reissued by the Shenzhen Market Supervision Administration [1].

欢乐家食品集团股份有限公司 证券代码：300997 证券简称：欢乐家 公告编号：2026-001 关于全资子公司变更经营场所并完成工商登记的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 欢乐家食品集团股份有限公司（以下简称"公司"）全资子公司深圳市欢乐 家投资有限公司因经营需要，于近日对其住所信息进行了工商变更登记，现已取 得由深圳市市场监督管理局换发的《营业执照》，本次变更内容如下： 一、 本次变更的内容 | 登记事项 | 本次变更前 | 本次变更后 | | --- | --- | --- | | 住所 | 深圳市福田区沙头街道天安社区车 公庙泰然七路1号博今商务广场B座 | 深圳市福田区沙头街道天安社区泰 | | | | 然七路 1 号博今商务广场 A 座 2005 | | | 三十三层 3306 | | 二、 本次变更后的营业执照信息 法定代表人：程松 成立日期：2022 年 4 月 27 日 住所：深圳市福田区沙头街道天安社区泰然七路 1 号博今商务广场 A 座 2005 一般经营项目：以自有资金从事投资活动。（除依法须经批准的项目外，凭 营业 ...

Group 1 - The A-share market saw a broad increase in the food and beverage sector, with notable stocks such as Ziyan Food hitting the daily limit up [1] - Yangyuan Beverage approached the daily limit up, indicating strong investor interest and potential growth in the sector [1] - Other companies like Huanlejia and Qianwei Yangchu rose over 5%, while Baihe Co., Babi Food, and others increased by over 4%, reflecting a positive trend across multiple stocks in the industry [1]

Core Viewpoint - The beverage and dairy sector experienced a slight increase of 0.45% on January 6, with Huanlejia leading the gains. The Shanghai Composite Index rose by 1.5%, while the Shenzhen Component Index increased by 1.4% [1]. Group 1: Market Performance - The beverage and dairy sector stocks showed varied performance, with Huanlejia closing at 27.46, up by 4.37%, and a trading volume of 238,700 shares, amounting to 641 million yuan [1]. - Other notable performers included Qishi Dairy, which rose by 3.13% to close at 10.20, and Huangshi Group, which increased by 2.05% to 3.99 [1]. - The overall trading volume for the beverage and dairy sector was significant, with Huanlejia alone contributing 641 million yuan to the total market activity [1]. Group 2: Capital Flow - On the same day, the beverage and dairy sector saw a net inflow of 76.66 million yuan from institutional investors, while retail investors experienced a net outflow of 216 million yuan [2]. - The main stocks attracting institutional investment included Beiyinmei, with a net inflow of 24.36 million yuan, and Dongpeng Beverage, which saw a net inflow of 18.58 million yuan [3]. - Conversely, retail investors withdrew funds from several stocks, including Huanlejia, which had a net outflow of 23.53 million yuan [3].

Group 1 - The company announced plans to establish a wholly-owned subsidiary in Malaysia with a registered capital of up to 1 million USD, aimed at expanding overseas business and sales of coconut processing products [1] - The establishment of the Malaysian subsidiary signifies a deeper commitment to international market expansion and serves as a new business foothold for the company [1] - The company has been actively pursuing overseas expansion in Southeast Asia, focusing on a systematic layout across the entire supply chain from "raw materials to production to sales" [1] Group 2 - In Indonesia, the company's wholly-owned subsidiary signed a land sale agreement to acquire assets for approximately 900 billion Indonesian Rupiah (about 38.71 million RMB), with a total investment not exceeding 21 million USD [2] - The Indonesian project is strategically located in a major coconut production area, providing ample raw material supply and lower labor costs, which will enhance the company's international market competitiveness [2] - The company has made significant progress in Vietnam, securing land use rights, with the project focusing on supply chain security and backup capacity to improve stability amid global raw material fluctuations [2] Group 3 - The Malaysian subsidiary will focus on overseas business development and sales, benefiting from the region's logistical advantages and mature trade systems [3] - This model is expected to facilitate the company's transition from "product export" to "system export," enhancing its resource control and market service capabilities in the global coconut industry [3]