预制菜31股集体走强 京东双十一官宣入局

Core Insights - The pre-prepared food industry is experiencing a resurgence in capital enthusiasm, with the equal-weight index for pre-prepared foods reaching an annual high of 1081.99, reflecting strong performance across all 31 constituent stocks [1][3] - The market structure shows that approximately 70% of the pre-prepared food market share is concentrated in the B-end, while the C-end market faces challenges due to food safety and consumer awareness issues [1][10] - The recent controversies surrounding the industry have prompted the establishment of national food safety standards, which could clarify consumer perceptions and expand the C-end market [1][10] Market Performance - From November 1 to 12, all constituent stocks in the pre-prepared food index showed positive growth, with notable performances from companies like Baba Foods and Huifa Foods, which saw monthly increases of 24.63% and 15.90%, respectively [3][4] - Guangdong-based companies performed steadily, with Guolian Aquatic Products and Guangzhou Restaurant showing increases of 4.82% and 1.59% [3] Company Analysis - Baba Foods, which started with buns, has expanded its franchise model significantly, reaching 5,934 stores by Q3 2025, with a single-store revenue of 67,500 yuan, indicating strong growth potential [5] - Huifa Foods is focusing on international expansion, achieving a 71.77% increase in overseas revenue, amounting to 8.4451 million yuan, and has established a strategic partnership with the University of Malaya [6] - The financial performance of leading companies varies, with Shuanghui Development reporting a net profit of 3.959 billion yuan, while Guolian Aquatic Products faced significant losses of 799 million yuan [7][8] Industry Outlook - The pre-prepared food market in China is projected to reach 485 billion yuan in 2024, with a year-on-year growth of 33.8%, and is expected to grow to 749 billion yuan by 2026 [10] - The C-end market's potential is anticipated to increase as consumer habits evolve, with major players like JD.com establishing dedicated pre-prepared food departments to enhance their market presence [10]