这次事件几乎再次刷新了公关行业的灾难现场。无论是恩仇快意，还是就预制菜本身的理论讨论，时至 今日已经非常充足。 带着对行业的追问，我走访了几位从业者，听他们道出了争议之外的真实困境。 争议背后：一场没有交集的对线 "这场争论根本不在一个频道上。贾国龙一上来就自爆，虽然是说西贝没预制菜，但这句话反而一棒子 打死——预制菜不好，人家罗永浩说的是消费者认知，是要立标准。" 李维从事预制菜供应多年，主打高端预制菜，合作的多是一二线城市的漂亮饭餐厅和一些连锁粤菜餐 厅，罗永浩吐槽西贝全是预制菜时，他发了个朋友圈说， "西贝是中央厨房的模式，按我们行业定义，属于预制调理品，但按现行国标，可能不算'预制菜'—— 这就是问题的根子。" 他的办公室摆放着各种行业奖项和认证证书，其中最显眼的是烹饪协会颁发的"中央厨房创新实践基 地"牌匾。作为在这个行业深耕多年的老兵，他见证了预制菜从被餐饮业排斥到被广泛接纳的全过程。 "又贵又难吃，还xx全是预制菜。" 几天前，罗永浩的一句吐槽，将西贝和预制菜推上了舆论的风口浪尖。西贝创始人贾国龙立即强硬反 驳，称其"100%不可能是预制菜"。 我想探究一下在这场舆论喧嚣的背后，预制菜行业的真实 ...

Group 1 - The stock of Jiumaojiu (09922) fell over 5%, reaching a new low of 2.13 HKD this year, with a current price of 2.16 HKD and a trading volume of 38.63 million HKD [1] - The pre-made dish topic has gained significant attention, with reports indicating that dishes at Taier Suancaiyu in Hangzhou were served within 7 minutes, highlighting the efficiency of their operations [1] - Taier has introduced a "5.0 Fresh Model" this year, which includes on-site cooking to enhance the freshness of dishes [1] Group 2 - Jiumaojiu has been removed from the Hong Kong Stock Connect list recently [1] - In the first half of the year, the company reported revenue of 2.753 billion RMB, a year-on-year decline of 10.1%, and a net profit attributable to shareholders of 60.69 million RMB, down 16% year-on-year [1] - Same-store sales growth rates for Jiumaojiu and its main brands were negative, with Taier at -19.0%, Song Hotpot at -20.1%, and Jiumaojiu at -19.8% [1] - The company closed 88 stores in the first half of the year due to the expiration of lease agreements and underperformance of certain restaurants [1]

Core Viewpoint - The stock of Jiumaojiu (09922) has dropped over 5%, reaching a new low of 2.13 HKD, amid concerns regarding the performance of its main brands and recent operational challenges [1] Company Performance - Jiumaojiu reported a revenue of 2.753 billion RMB in the first half of the year, reflecting a year-on-year decline of 10.1% [1] - The net profit attributable to equity shareholders was 60.691 million RMB, down 16% year-on-year [1] - The company closed 88 stores in the first half of the year, primarily due to the expiration of lease agreements and underperformance of certain restaurants [1] Industry Context - The pre-prepared meal topic has gained significant attention, with reports indicating that dishes at Taier Suancaiyu can be served within 7 minutes, highlighting a shift towards faster service [1] - Taier Suancaiyu has implemented a "5.0 Fresh Mode" this year, adding woks and chefs for on-site cooking to enhance food freshness [1] - Among Jiumaojiu's main brands, same-store sales growth rates were reported as follows: Taier at -19.0%, Song Hotpot at -20.1%, and Jiumaojiu at -19.8% [1]

Core Viewpoint - The stock of Shengnong Development has experienced fluctuations, with a recent decline of 2.03% on September 18, 2023, while the company has shown a year-to-date increase of 20.15% [1] Group 1: Stock Performance - As of September 18, 2023, Shengnong Development's stock price is 16.92 yuan per share, with a total market capitalization of 21.038 billion yuan [1] - The stock has seen a net outflow of 21.7694 million yuan from major funds, with significant selling pressure observed [1] - Over the past five trading days, the stock has decreased by 5.21%, while it has increased by 18.49% over the past 60 days [1] Group 2: Financial Performance - For the first half of 2025, Shengnong Development reported a revenue of 8.856 billion yuan, reflecting a year-on-year growth of 0.22%, and a net profit attributable to shareholders of 910 million yuan, showing a significant increase of 791.93% [2] Group 3: Shareholder Information - As of September 10, 2023, the number of shareholders for Shengnong Development is 35,700, a decrease of 8.03% from the previous period, while the average circulating shares per person increased by 8.73% to 34,843 shares [2] - The company has distributed a total of 6.860 billion yuan in dividends since its A-share listing, with 1.113 billion yuan distributed in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 13.3849 million shares [3]

Company Overview - Suzhou Weizhi Xiang Food Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on December 10, 2008. The company went public on April 27, 2021. Its main business involves the research, production, and sales of semi-finished dishes [2]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 343 million yuan, representing a year-on-year growth of 4.70%. However, the net profit attributable to the parent company was 31.95 million yuan, a decrease of 24.46% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 325 million yuan in dividends, with 225 million yuan distributed over the past three years [3]. Stock Performance - As of September 18, the company's stock price decreased by 2.01%, trading at 26.80 yuan per share, with a total market capitalization of 3.698 billion yuan. The stock has increased by 9.01% year-to-date, but has seen a decline of 3.11% over the last five trading days [1][2]. - The stock's trading volume on September 18 was 68.1046 million yuan, with a turnover rate of 1.82%. The net inflow of main funds was 1.8947 million yuan, with significant buying and selling activity [1]. Business Segmentation - The company's revenue composition is as follows: beef products 40.04%, poultry 17.35%, fish 14.32%, shrimp 13.36%, pork 8.33%, other categories 4.44%, supplementary products 1.28%, and lamb 0.87% [2]. - The company operates within the food and beverage industry, specifically in the food processing sector, focusing on pre-processed foods. It is associated with concepts such as pre-made dishes, small plates, and cold chain logistics [2].

Company Overview - Aorijin Technology Co., Ltd. is located in Yanqi Industrial Development Zone, Huairou District, Beijing, established on May 14, 1997, and listed on October 11, 2012. The company specializes in the research, design, production, and sales of metal packaging products for food and beverages [1] - The main business revenue composition includes metal packaging products and services at 93.31%, other supplementary services at 6.14%, and filling services at 0.55% [1] Financial Performance - As of June 30, 2025, Aorijin achieved operating revenue of 11.727 billion yuan, representing a year-on-year growth of 62.74%, and a net profit attributable to shareholders of 903 million yuan, with a year-on-year increase of 64.66% [2] - Cumulative cash dividends since Aorijin's A-share listing amount to 3.912 billion yuan, with 923 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of Aorijin shareholders is 45,100, a decrease of 7.40% from the previous period, while the average circulating shares per person increased by 7.99% to 56,685 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest shareholder with 74.7592 million shares, an increase of 4.8132 million shares from the previous period [3]

Core Viewpoint - Lingnan Holdings has shown a significant increase in stock price this year, with a year-to-date rise of 59.27%, despite a recent decline in the last five trading days [1][2]. Financial Performance - For the first half of 2025, Lingnan Holdings achieved a revenue of 2.09 billion yuan, representing a year-on-year growth of 8.52%. The net profit attributable to shareholders was 49.53 million yuan, up 24.39% year-on-year [2]. - The company has distributed a total of 698 million yuan in dividends since its A-share listing, with 53.62 million yuan distributed in the last three years [3]. Stock Market Activity - As of September 18, Lingnan Holdings' stock price was 15.29 yuan per share, with a market capitalization of 10.25 billion yuan. The trading volume was 349 million yuan, with a turnover rate of 3.46% [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on September 11, where it recorded a net buy of -19.23 million yuan [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 29.68% to 46,900, while the average circulating shares per person decreased by 22.89% to 14,284 shares [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 25.52 million shares, and new entrants such as Nuoan Flexible Allocation Mixed Fund [3]. Business Segments - Lingnan Holdings' main business segments include travel agency operations (73.47% of revenue), hotel operations (21.13%), hotel management (5.01%), and automotive services (0.39%) [1].

Group 1 - The controversy surrounding "Xibei pre-made dishes" is impacting the industry, with reports of restaurants like Green Tea removing signs claiming "no pre-made dishes" [2] - Green Tea Restaurant previously faced allegations of using pre-made dishes without proper labeling, particularly regarding a dish priced at 38 yuan [4] - The company submitted its listing application in July 2022, prompting inquiries from the regulatory body regarding food safety and the proportion of pre-made dishes [4] Group 2 - Green Tea Group reported a revenue of 2.29 billion yuan for the first half of the year, a year-on-year increase of 23.1%, with a net profit of 234 million yuan, up 34% [4] - The company has established a digital and standardized business model supported by a flexible supply chain and strict food safety controls [4] - In contrast to Green Tea, Haidilao has started labeling some menu items as "partially pre-processed" [5][6] Group 3 - As of September 18, the pre-made dish sector saw a decline of 0.56%, with stocks of companies like Jiahe Foods and Delisi dropping approximately 6% and over 3% respectively [7]

Company Overview - Tongqinglou Restaurant Co., Ltd. is located in Hefei, Anhui Province, established on January 31, 2005, and listed on July 16, 2020. The company primarily engages in catering services, wedding services, hotel accommodation, and food business [1][2]. - The revenue composition of the company is as follows: catering and accommodation services account for 88.24%, food sales for 11.38%, and other services for 0.38% [1]. Financial Performance - For the first half of 2025, Tongqinglou achieved operating revenue of 1.331 billion yuan, representing a year-on-year growth of 4.67%. However, the net profit attributable to shareholders decreased by 11.06% to 71.9986 million yuan [2]. - Since its A-share listing, the company has distributed a total of 250 million yuan in dividends, with 157 million yuan distributed over the past three years [2]. Stock Market Activity - On September 18, the stock price of Tongqinglou increased by 2.01%, reaching 20.76 yuan per share, with a trading volume of 68.5862 million yuan and a turnover rate of 1.29%. The total market capitalization is 5.398 billion yuan [1]. - Year-to-date, the stock price has declined by 14.89%, with a 2.49% drop over the last five trading days, a 1.57% increase over the last 20 days, and a 7.61% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 8.05% to 15,200, with an average of 17,149 circulating shares per person, a decrease of 7.45% [2]. - The top ten circulating shareholders include various funds, with notable changes in holdings, such as Ruifeng Growth Value Mixed Fund reducing its stake by 40,300 shares, while Zhonggeng Value Quality One-Year Holding Mixed Fund entered the top ten as a new shareholder [2].

Group 1 - The core viewpoint of the news is that Huifa Food has experienced a decline in stock price and financial performance, with significant net outflows of capital and a decrease in revenue and profit [1][2]. - As of September 18, Huifa Food's stock price was 10.59 yuan per share, with a market capitalization of 2.591 billion yuan, and a year-to-date stock price decline of 9.33% [1]. - The company has seen a net capital outflow of 194.73 thousand yuan, with large orders showing a buy-sell imbalance [1]. Group 2 - Huifa Food, established on February 2, 2005, specializes in the research, production, and sales of frozen food products, including various types of pre-prepared dishes [2]. - The company's revenue composition includes 34.76% from supply chain, 20.18% from ball products, and 15.20% from fried products, among others [2]. - For the first half of 2025, Huifa Food reported a revenue of 735 million yuan, a year-on-year decrease of 17.75%, and a net profit loss of 29.9936 million yuan, down 82.54% year-on-year [2]. Group 3 - Since its A-share listing, Huifa Food has distributed a total of 73.8826 million yuan in dividends, with 4.8928 million yuan distributed in the last three years [3].