Market Overview - The beverage and dairy sector experienced a decline of 1.55% on January 21, with Huanlejia leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Stock Performance - Key stocks in the beverage and dairy sector showed varied performance, with Sunshine Dairy rising by 2.02% to a closing price of 16.14, while Huanlejia fell by 11.25% to 23.90 [2][1] - Other notable performers included Yangyuan Beverage, which increased by 0.23% to 34.53, and several stocks like Xibumuyou and Qianyuan Group remained flat [1][2] Trading Volume and Capital Flow - The beverage and dairy sector saw a net outflow of 340 million yuan from institutional investors, while retail investors contributed a net inflow of 336 million yuan [2] - The trading volume for Huanlejia was significant, with 210,400 shares traded, resulting in a transaction value of 517 million yuan [2] Individual Stock Capital Flow - Yili Group had a net inflow of 25.78 million yuan from institutional investors, while it faced a net outflow of 15.84 million yuan from speculative funds [3] - Sunshine Dairy also saw a minor net inflow from speculative funds amounting to 4.32 million yuan, despite a net outflow from retail investors [3]

Group 1 - The soft drink sector has experienced a short-term decline, with Huanlejia falling over 9% [1] - Other companies such as Quanyuanquan, Junyao Health, Hongmian Co., and Liziyuan also saw declines [1]

Market Overview - The beverage and dairy sector experienced a slight decline of 0.01% on January 20, with Junyao Health leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Notable gainers in the beverage and dairy sector included: - Huanlejia (300997) with a closing price of 26.93, up 3.10% and a trading volume of 229,100 shares, totaling 616 million yuan [1] - Yangyuan Beverage (603156) closed at 34.45, up 1.62% with a trading volume of 116,300 shares, totaling 402 million yuan [1] - Weiwei Co. (600300) closed at 3.71, up 1.37% with a trading volume of 671,200 shares, totaling 248 million yuan [1] - Conversely, Junyao Health (605388) saw a decline of 2.57%, closing at 7.20 with a trading volume of 147,800 shares, totaling 106 million yuan [2] - Other notable decliners included: - Bei Yin Mei (002570) down 2.46% to 6.34 with a trading volume of 679,500 shares, totaling 432 million yuan [2] - Xibu Muye (300106) down 2.38% to 11.09 with a trading volume of 105,800 shares, totaling 118 million yuan [2] Capital Flow - The beverage and dairy sector saw a net outflow of 70.03 million yuan from institutional investors, while retail investors contributed a net inflow of 104 million yuan [2] - The capital flow for specific stocks indicated: - Yili Group (600887) had a net inflow of 91.01 million yuan from institutional investors, while retail investors experienced a net outflow of 61.14 million yuan [3] - Huanlejia (300997) had a net inflow of 60.50 million yuan from institutional investors, but a significant net outflow of 79.94 million yuan from retail investors [3] - Knight Dairy (920786) had a net inflow of 11.97 million yuan from institutional investors, with minimal impact from retail investors [3]

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 ...