Core Viewpoint - The Shenzhen Stock Exchange announced a periodic adjustment of sample stocks for various indices, including the Shenzhen Component Index, with Qiaqia Food (002557) being removed from the index due to its declining performance [1] Group 1: Company Performance - In the first three quarters of this year, Qiaqia Food reported revenue of 4.501 billion CNY, a year-on-year decrease of 5.38% [3] - The net profit attributable to shareholders was 168 million CNY, down 73.17% year-on-year, with a significant drop in the net profit margin from 15.53% in 2021 to 3.76% in Q3 of this year [4] - The company's gross profit margin fell to 21.94% in the first three quarters, down 8.31 percentage points from 30.25% in the same period last year [4] Group 2: Reasons for Decline - The decline in profitability is attributed to rising costs of sunflower seeds and core nut raw materials, along with increased expenses for product and channel restructuring [4] - The company has faced ongoing quality complaints, including issues related to product freshness and safety, which have resurfaced recently due to social media controversies [7] Group 3: Market Reaction - Qiaqia Food's stock performance has been negatively impacted by its removal from the Shenzhen Component Index, raising concerns about its future market position [1] - The company has been under scrutiny for quality issues, which may further affect consumer trust and sales [7]