Core Viewpoint - The recent controversy surrounding the restaurant chain Xibei and its use of pre-packaged meals has sparked significant public discussion, particularly following comments made by entrepreneur Luo Yonghao, which led to a response from Xibei's founder, Jia Guolong, who plans to sue Luo and introduce a "Luo Yonghao Menu" in their restaurants [1]. Group 1: Company Response - Jia Guolong, the founder of Xibei, stated that while the restaurant industry does not shy away from using pre-processed food, Xibei does not qualify as a pre-packaged meal provider according to national definitions, asserting that "not a single dish is pre-packaged" [1]. - Jia expressed that Luo's comments were damaging to their reputation, describing them as "disgusting" and hurtful to the brand [1]. Group 2: Public Reaction - Luo Yonghao shared images of comments from netizens questioning the meaning of "dine-in bagged" and "not directly provided to consumers," indicating a growing public interest in the specifics of Xibei's food offerings [1]. - The images posted by Luo included packaging details for two products, highlighting their weight and shelf life, which raised further questions about the nature of the meals served at Xibei [1].

据新黄河消息，9月11日，在结束回应"预制菜"风波的新闻发布会后，西贝创始人、董事长贾国 龙在接受采访时，就"是否会起诉罗永浩"一问做出明确且强硬的表态。 "一定会，我们一定会起诉他，一定一定会起诉他！"贾国龙连用三个"一定"来强调他的决心。他表示："他 对我们的伤害是很大的，一定会起诉。" 贾国龙在采访中表示，明天开始西贝全国370家店全部开放，厨房、原料、工艺都向大众透明。任何人都 可以到西贝任何一家门店的厨房参观，只是需要申请并佩戴防护工具，员工会带领参观，想看任何一道菜 都可以。 谈及预制和预制菜，贾国龙表示，此前自己确实发表过类似于"高级菜才预制"的言论，例如鱼翅鲍鱼等高 级菜肴都需要长时间地预制，"预制就是预加工，但我们不是预制菜，国家对预制菜有严格定义。按国家 的规定，我们没有一道菜是预制菜，做熟环节都在门店进行。不过，贾国龙也指出，馒头是在中央厨房做 熟的，在国家标准中，主食类和面点类是允许在工厂做，再到门店加热，它不属于预制菜。 "预制菜未来一定是大趋势。"谈及对预制菜的看法，贾国龙表示，西贝目前虽然不用预制菜，但也不黑预 制菜。预制菜也分三六九等，分高品质和低品质。预制菜也有好处，例如整体 ...

新京报记者 王萍编辑 王琳 近日，"罗永浩吐槽西贝预制菜"登上热搜。9月11日，西贝餐饮创始人、CEO贾国龙针对此事回应媒体 表示，目前西贝门店的所有菜品都不是预制菜。从明日（9月12日）开始，西贝全国370多家门店将面向 所有消费者开放后厨，消费者可以在保证卫生标准的前提下参观任何一道菜品的制作过程。同时，贾国 龙表示"不会对骂"，会诉诸法律。 贾国龙表示，罗永浩的微博发布之后，其用餐的门店立即进行了复盘。根据复盘和回看监控，罗永浩一 行人在当天下午2时30分进店点餐，约3时30分用餐完毕。5个人一共点菜13道，烤鱼及烤羊排没有吃 完。服务罗永浩一行人的餐厅服务员表示，因为这两道菜制作方法复杂，所以上菜较慢。贾国龙 说，"我觉得近年来最大的冤案是西贝贵，我们的账不怕查，利润大约为5%。罗永浩5个人点了13道 菜，两个菜点了双份，一共花了800多。" ▲西贝公布了"罗永浩菜单"（按照当天菜单补打）。新京报记者 王萍 摄 贾国龙说，复盘对菜品制作工艺、标准、服务进行了全部梳理，并未发现有不符合标准的地方。"一切 都中规中矩，菜品的食材来源全部清晰，制作标准全部明确。而且没有任何一道菜是预制菜。" 贾国龙同时表示 ...

Core Viewpoint - The controversy surrounding Xibei Restaurant Group's food quality has intensified, with allegations of using pre-prepared dishes and poor taste being raised by public figures, notably Luo Yonghao, which could significantly impact the company's reputation and customer trust [1][5]. Summary by Relevant Sections Allegations of Food Quality - Luo Yonghao criticized the taste of dishes at Xibei, claiming they had a "leftover" flavor, suggesting that the food might be reheated or pre-prepared [1][3]. - Specific dishes mentioned include lamb chops and grilled fish, which Luo described as having unpleasant tastes reminiscent of reheated food [1][3]. Company Response - Xibei's founder, Jia Guolong, denied the allegations, asserting that none of their dishes are pre-prepared and emphasizing the potential damage to the company's reputation from such claims [5]. - In response to the controversy, Xibei plans to launch a "Luo Yonghao Menu" in all locations, encouraging customers to try the dishes and offering kitchen tours [5]. Legal Actions - Jia Guolong indicated intentions to sue Luo Yonghao for the damaging statements made regarding the restaurant's food quality [5].

Core Viewpoint - The incident involving Luo Yonghao criticizing the restaurant chain Xibei for allegedly serving pre-prepared dishes has sparked significant attention, leading to a strong response from Xibei's management [1][2]. Group 1: Incident Overview - Luo Yonghao publicly criticized Xibei on social media, claiming that the dishes he ordered were mostly pre-prepared and overpriced, urging for legislation to require restaurants to disclose the use of pre-prepared dishes [1]. - Xibei held a press conference to refute Luo's claims, stating that none of the dishes ordered were pre-prepared according to the latest national definitions [1][7]. - During the meal, Luo and his party ordered a total of 15 dishes, with only two left unfinished, which were served last [1]. Group 2: Legal Actions and Responses - Xibei's founder and chairman, Jia Guolong, announced a firm intention to sue Luo Yonghao for the damage caused by his statements [2][3]. - Jia emphasized the seriousness of the situation, stating that the harm caused by Luo's comments was significant and that legal action would be pursued [3]. - Luo responded to the situation by questioning the quality of the food served, suggesting that if the dishes were not pre-prepared, it would indicate advanced culinary technology [5][7]. Group 3: Industry Implications - The incident highlights the ongoing debate within the restaurant industry regarding the use of pre-prepared dishes and the transparency required in food preparation practices [1][7]. - Xibei's management indicated that while the industry does not shy away from using pre-prepared ingredients, they firmly believe their offerings do not fall under that category as per national regulations [7].

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [5][8]. Core Viewpoints - The company is a leading player in the prepared cold dish sector and plans to issue convertible bonds to enhance its production capacity [5][8]. - The prepared dish market in China is expected to grow significantly, with the seafood prepared dish market projected to exceed 200 billion yuan by 2025 [7][20]. - The company has a strong focus on R&D and has established a dual factory model to support growth in both domestic and international markets [55][53]. Summary by Relevant Sections Market Performance - As of September 9, 2025, the closing price is 14.39 yuan, with a market capitalization of 2,022.02 million yuan and a circulating market value of 866.03 million yuan [3]. Financial Forecast and Valuation - Revenue projections for the company are as follows: 490 million yuan in 2023, 534 million yuan in 2024, and 600 million yuan in 2025, with a year-on-year growth rate of 34.75%, 9.04%, and 12.36% respectively [6][8]. - The net profit attributable to shareholders is expected to be 35 million yuan in 2023, 41 million yuan in 2024, and 45 million yuan in 2025, with corresponding growth rates of 8.08%, 17.79%, and 9.84% [6][8]. - The company’s P/E ratios are projected to be 57.98, 49.23, and 44.82 for the years 2023, 2024, and 2025 respectively [6][8]. Industry Insights - The prepared dish market in China reached a scale of 3,616 billion yuan in 2023, with a year-on-year growth of 23% [7][20]. - The penetration rate of prepared dishes in China is currently between 10%-15%, indicating significant room for growth compared to 60% in the US and Japan [9][24]. - The company is well-positioned to capitalize on the growing demand from both B-end (business) and C-end (consumer) markets, with a focus on enhancing product standardization and efficiency in the restaurant industry [9][20]. Company Overview - The actual controller of the company holds a 56% stake, with the largest shareholder being Shanghai Lexiangjia Industrial Co., Ltd., which owns 48.32% of the shares [34][55]. - The company has over 20 years of experience in food exports and offers a diverse range of products, including marine vegetables, nutritional mushrooms, and seafood delicacies [34][55]. - The company has established a strong R&D capability, with 46 patents granted as of 2024, and is actively involved in setting industry standards [53][55]. Production Capacity and Expansion - The company is entering a "dual factory" phase, with new facilities in both Singapore and Jiangsu, aimed at enhancing production capacity and meeting growing market demands [55][57]. - Plans to raise up to 150 million yuan through convertible bonds will be directed towards the construction of a facility with an annual capacity of 7,000 tons for seafood and meat products [57][58].

据罗永浩发文内容，其和同事去西贝吃饭，"发现几乎全都是预制菜，还那么贵，实在是太恶心了""希望国家尽早推动立法，强制饭馆注明是否用了 预制菜"。 9月10日，交个朋友直播间首席品牌监督官罗永浩在其个人社交媒体平台发布言论，吐槽西贝餐饮贵且使用预制菜，引发全网广泛关注与讨论，西贝 随即陷入预制菜舆论风波。 对此，西贝客服人员回应媒体称，牛大骨是每天早上现煮的，莜面也是店内工作人员现场手搓的，不存在预制。另外，店内炒菜都是在每天的新鲜蔬 菜到店后，现场炒制，否认存在大量使用预制菜的情况。 公开信息显示，2024年8月，西贝联合创始人樊大卫曾发布视频，称北京华贸店（商场店）仅馒头、黄馍馍等少数主食从中央工厂配送，其余菜品均 为明档现场制作。但西贝创始人贾国龙此前在接受媒体采访时却表示，"好菜全是预制出来的，越高级的菜预制程度越高。"两种表述的矛盾之处，进一步 引发了消费者的困惑与质疑。 0:00 此次事件引发了网络上关于预制菜的多方面讨论。部分网友对罗永浩的观点表示认同，认为餐厅使用预制菜本身无可厚非，但应明确告知消费者，不 注明则涉嫌欺骗；也有网友提出，当前预制菜的定义仍存在模糊地带，如豆腐、速冻饺子等传统加工食 ...

9月10日，知名企业家罗永浩在社交媒体上公开吐槽知名连锁餐饮品牌西贝，直言："好久没吃西贝了，今天下飞机跟同事吃了一顿，发现几乎全都是预制 菜，还那么贵，实在是太恶心了。希望国家尽早推动立法，强制饭馆注明是否用了预制菜。" 值得注意的是，这不是罗永浩第一次吐槽预制菜了，早在去年11月，罗永浩就在微博发文称："不反对预制菜，但餐厅卖预制菜并且不注明的，本质就是 欺骗。即使真的做到了宣传的'安全美味'，它也是欺骗。" 去年8月，西贝合伙人、联合创始人樊大卫去西贝北京华贸店（商场店）做了一期视频，最后总结，只有馒头和黄馍馍是从中央工厂配送过来的，剩下的 从凉菜到热菜，到大菜、主菜全部是明档现场制作。 预制菜也称预制菜肴，是以一种或多种食用农产品及其制品为原料，使用或不使用调味料等辅料，不添加防腐剂，经工业化预加工（如搅拌、腌制、滚 揉、成型、炒、炸、烤、煮、蒸等）制成，配以或不配以调味料包，符合产品标签标明的贮存、运输及销售条件，加热或熟制后方可食用的预包装菜肴。 连锁餐饮企业广泛应用中央厨房模式，其自行制作并向自有门店配送的净菜、半成品、成品菜肴，应当符合餐饮食品安全的法律法规和标准要求。中央厨 房制作的菜肴，不 ...

资金流向方面，主力资金净流出730.64万元，特大单买入0.00元，占比0.00%，卖出103.95万元，占比 2.13%；大单买入582.96万元，占比11.96%，卖出1209.65万元，占比24.82%。 资料显示，广州市广百股份有限公司位于广东省广州市越秀区西湖路12号10-12楼，成立日期1990年8月 27日，上市日期2007年11月22日，公司主营业务涉及百货零售服务。主营业务收入构成为：商业 88.10%，租赁7.34%，其他(补充)4.57%。 9月11日，广百股份盘中下跌2.01%，截至10:19，报6.81元/股，成交4873.78万元，换手率1.37%，总市 值47.73亿元。 广百股份今年以来股价跌3.27%，近5个交易日跌0.87%，近20日涨5.91%，近60日涨8.61%。 广百股份所属申万行业为：商贸零售-一般零售-百货。所属概念板块包括：预制菜、农村电商、创投、 新零售、国资改革等。 今年以来广百股份已经6次登上龙虎榜，最近一次登上龙虎榜为4月10日。 截至6月30日，广百股份股东户数4.01万，较上期减少10.08%；人均流通股12897股，较上期增加 11.21%。20 ...

9月11日，广州酒家盘中下跌2.00%，截至10:21，报17.64元/股，成交4970.31万元，换手率0.49%，总市 值100.33亿元。 资金流向方面，主力资金净流出233.67万元，大单买入620.72万元，占比12.49%，卖出854.39万元，占 比17.19%。 广州酒家今年以来股价涨9.23%，近5个交易日涨1.50%，近20日涨9.63%，近60日涨13.37%。 资料显示，广州酒家集团股份有限公司位于广东省广州市天河区科韵路16号自编第4栋第10层，成立日 期1992年5月11日，上市日期2017年6月27日，公司主营业务涉及食品制造业务及餐饮业务,并以食品制 造业务为主。主营业务收入构成为：餐饮服务业务38.82%，其他产品30.80%，速冻食品26.44%，月饼 系列产品1.63%，其他商品销售业务1.25%，其他(补充)1.06%。 广州酒家所属申万行业为：食品饮料-休闲食品-烘焙食品。所属概念板块包括：预制菜、增持回购、融 资融券、中盘、国资改革等。 截至6月30日，广州酒家股东户数2.23万，较上期减少0.39%；人均流通股25460股，较上期增加0.39%。 2025年1月- ...