创始人退场，广西国资正式接盘南方黑芝麻

Core Viewpoint - The ownership of Southern Black Sesame has officially changed hands to Guangxi Travel Health Industry Group, with the actual controller now being the Guangxi State-owned Assets Supervision and Administration Commission, marking a significant shift in the company's future direction [1][2][3]. Group 1: Ownership Change - Southern Black Sesame's controlling shareholder has transitioned from Black Five Categories Group to Guangxi Travel Health, with the share transfer completed at a price of 6.25 yuan per share, totaling approximately 9.42 billion yuan [2][3]. - The transfer of shares was finalized on December 30, 2025, allowing Guangxi Travel Health to acquire about 20% of the company's shares, thus marking a strategic shift for the company [3][4]. Group 2: Financial Performance and Challenges - Southern Black Sesame has faced declining revenues for three consecutive years, with reported revenues of 30.16 billion yuan in 2022, 26.77 billion yuan in 2023, and 24.65 billion yuan in 2024, reflecting year-on-year declines of 25.07%, 11.25%, and 7.92% respectively [6][7]. - The company has signed a profit guarantee agreement requiring net profits to reach 1.15 billion yuan by 2028, with adjusted targets for 2026 and 2027 set at 0.95 billion yuan and 1.05 billion yuan respectively [5][6]. Group 3: Strategic Focus and Future Directions - The company aims to pivot towards a "big health" strategy, focusing on health food products and leveraging local resources to enhance brand competitiveness [9][12]. - Southern Black Sesame has established a diversified product matrix centered around black sesame paste, including health foods and beverages, and is working on product functionality and premiumization [9][12]. - The introduction of Guangxi State-owned assets is expected to provide financial support and enhance the company's operational capabilities, potentially revitalizing its brand and market position [4][10].