食品行业周报：关注景气度较高的零食行业与有细分领域新机会的速冻食品

Investment Rating - The report suggests a positive outlook for the snack sector and highlights emerging opportunities in the frozen food segment [1][3]. Core Insights - The food and beverage index experienced a decline of 7.52% this week, with notable stock performances including China Wangwang (+4.91%) and Tianwei Food (+3.36%), while Qinghai Spring (-14.47%) and Zhou Black Duck (-14.35%) faced significant losses [1]. - Three squirrels forecasted a Q3 net profit of 48.1 million to 52 million yuan, marking a year-on-year increase of 200.45% to 224.81%, driven by a strategic focus on high-end cost performance and structural reforms in business, supply chain, and organization [1]. - The frozen food segment, particularly the sausage category, is in its early to mid-development stage, primarily relying on machine sales, but is expected to evolve with the rise of air fryers and live streaming sales, leading to increased consumer awareness and demand for healthier, functional products [1]. - Angel Yeast announced plans to establish a subsidiary in Indonesia to enhance its yeast production capabilities, aiming to strengthen its market position in the Asia-Pacific region [1]. Summary by Sections Snack Sector - The report emphasizes the strong performance of the snack sector, with specific companies like Jinzai Food and Yanjin Pouch being recommended for investment [3]. Frozen Food Segment - The report highlights the potential growth in the frozen food market, particularly in the sausage category, suggesting investors pay attention to leading suppliers in this space [1][3]. Seasoning Products - Angel Yeast's investment in Indonesia is noted as a strategic move to optimize its overseas production layout and respond to market demands in the Asia-Pacific region [1].