Group 1 - The core issue surrounding the controversy over pre-prepared meals is not whether they should be used, but rather if consumers' rights to information and choice are being respected [1][2] - Research indicates that over 50% of consumers in fast food chains are open to pre-prepared meals, while only 8.8% in high-end restaurants are accepting, highlighting that the issue lies in the consumption context rather than the product itself [1][2] - The pre-prepared meal market in China is projected to reach 485 billion yuan in 2024 and exceed 617.3 billion yuan by 2025, indicating a rapidly growing market with over 30 listed companies in the A-share market [2] Group 2 - The main problem with pre-prepared meals is the lack of transparency, as there are currently no standardized regulations governing the raw materials, processing, and logistics involved [2] - A draft national standard for food safety regarding pre-prepared meals has passed review and will soon seek public opinion, which is expected to enhance industry transparency and lead to a significant reshaping of the market [2] - The emergence of pre-prepared meals is seen as a necessary evolution in the modern dining industry, addressing efficiency issues while highlighting the need for trust and transparency in the sector [2][3]

Core Viewpoint - The market shows a clear divergence between technology stocks leading the gains and cyclical stocks undergoing adjustments, indicating a structural market trend with potential for increased short-term volatility [4][5][7]. Market Performance - The two markets recorded a trading volume of 1.38 trillion yuan, an increase of 1.15% from the previous day, reflecting strong market liquidity and active capital flow [5]. - A total of 2,504 stocks rose, with a notable ratio of 30 stocks hitting the daily limit up, highlighting a positive market sentiment [4]. Sector Analysis - Technology sectors such as photolithography machines, diversified finance, wind power equipment, consumer electronics, and humanoid robots saw significant gains, while sectors like precious metals, tourism, pork, and prepared dishes experienced declines [4]. - Institutional investors are shifting strategies, moving away from defensive sectors like non-ferrous metals and coal towards technology stocks, indicating a clear "abandoning cyclical, attacking technology" trend [7]. Investor Sentiment - Retail investors are increasingly using leverage to participate in the market, with a notable rise in trading activity in small and mid-cap technology stocks, reflecting a strong enthusiasm for policy-driven themes [7]. - The sentiment among retail investors is high, with 75.85% indicating a bullish outlook [8]. Positioning - As of September 17, 34.27% of investors increased their positions, while 17.18% reduced their holdings, with 48.55% remaining neutral [12].

Market Performance - The prepared food concept sector declined by 1.36%, ranking among the top declines in concept sectors as of September 17 [1] - Notable declines within the sector included companies such as Sanjiang Shopping, Bubugao, and Junting Hotel, while companies like Qianwei Yangchu, Tiandi Online, and Tongwei Co. saw increases of 4.87%, 2.86%, and 2.68% respectively [1] Capital Flow - The prepared food concept sector experienced a net outflow of 1.342 billion yuan, with 78 stocks seeing net outflows, and 8 stocks exceeding 50 million yuan in net outflows [1] - Bubugao led the net outflow with 284 million yuan, followed by Yonghui Supermarket, Wens Foodstuff, and Liren Liyang with net outflows of 183 million yuan, 106 million yuan, and 81.6 million yuan respectively [1] Top Gainers and Losers - The top gainers in the prepared food sector included Qianwei Yangchu with a 4.87% increase, Tiandi Online with a 2.86% increase, and Tongwei Co. with a 2.68% increase [1] - The top losers included Bubugao with a 5.50% decrease, Sanjiang Shopping with a 9.06% decrease, and Junting Hotel with a 5.30% decrease [1][2]

Core Viewpoint - Anjiu Food's performance in the first half of 2025 shows a slight revenue increase but a significant decline in profit, prompting strategic shifts to enhance growth and address market challenges [1][2]. Financial Performance - The company achieved a revenue of 7.604 billion yuan, a year-on-year increase of 0.8% [1]. - The net profit attributable to shareholders was 676 million yuan, down 15.79% year-on-year [1]. - The net profit after deducting non-recurring items was 603 million yuan, a decline of 21.85% year-on-year [1]. Strategic Initiatives - The company is transitioning from "channel-driven growth" to "new product-driven growth" to counteract profit declines [1]. - New product launches include: - Fresh fish balls and a vacuum-packed product series in the hot pot ingredient sector [1]. - "Meat More" sausages with higher meat content in the sausage category [1]. - A new product matrix called "Six Little Dragons" in the rice and noodle products segment, featuring various specialty items [1]. Industry Context - The recent "Xibei incident" has sparked discussions about the transparency of pre-prepared food quality and consumer rights within the industry [1]. - The company emphasizes the importance of consumer rights and the need for higher industry standards, which may raise entry barriers and enhance the role of larger enterprises [2].

Core Viewpoint - The controversy surrounding the use of pre-prepared dishes has led to a public discussion about transparency in the restaurant industry, with West B's apology letter indicating a shift towards more on-site preparation and consumer engagement [1][3]. Group 1: Industry Response and Market Impact - West B has committed to adjusting its central kitchen processing model to favor on-site preparation, inviting consumer feedback for improvements [1]. - Following the controversy, the pre-prepared dish sector saw a rise in stock prices, with companies like Delisi hitting the upper limit, and others like Weizhi Xiang, Sanquan Foods, and Huifa Foods also experiencing increases [3]. - The approval of the draft national standard for pre-prepared dishes by the National Health Commission is believed to have positively influenced the market, as it aims to clarify definitions and disclosure requirements for restaurants [3]. Group 2: Consumer Concerns and Industry Standards - Consumer concerns about the safety of pre-prepared dishes have been heightened due to past incidents, such as the exposure of certain manufacturers using substandard ingredients [3]. - The distinction between central kitchens and pre-prepared dishes has become a focal point of debate, with claims that central kitchens primarily provide semi-finished products that require further cooking [4]. - The pre-prepared dish industry in China is still in its early stages, with significant differences compared to Japan, where the market has matured and established strict production standards [6]. Group 3: Market Outlook and Growth Potential - The Chinese pre-prepared dish market is expected to reach a scale of 674.9 billion yuan by 2030, with a projected compound annual growth rate exceeding 10% over the next decade [6]. - The industry faces challenges related to consumer trust and regional limitations in cold chain logistics, which currently restrict the growth of existing companies [6]. - As standards are established, high-quality brands are anticipated to gain consumer preference, indicating a potential shift in market dynamics [6].

采写 | 丁欣雨 编辑 | 姜妍 一次罗永浩在西贝莜面村糟糕的用餐体验，让围绕着预制菜的论战在网上持续了数日。顾客在意打着新鲜现炒旗号而贩卖预制菜的营销宣传手段，得知儿 童餐原料西兰花的冷冻保质期竟能达到24个月，让不少人惊觉自己原来早就身处科幻世界。业内人士则辩驳有关"预制菜"的定义，声称维系企业规模的过 程中，食品工业化有其必然性与合理性。 整个餐饮过程都在被资本高度工业化 界面文化：这次事件有个很大的分歧，行业内跟公众对于预制菜的定义是不太一样的。当前食品工业已经发展到了什么程度？ 潘隆斐：人类的预制食品很多，比如说我们平时喝的茶叶，但是我们玩这种定义游戏没有太大意义。去年官方曾经对预制菜进行了范围划分，但没有给出 一个明确定义，这样就给预制菜的解释留出很大空间。商家觉得只要不是完全料包的形式走到餐桌上，就不是预制菜。但实际上整个餐饮已经大工业化， 大量东西都是预制的，这个是无可辩驳的。 我们现在把它叫作预制菜也好，或者叫作大工业化的食品也好，在美国历史上曾经也同样造成过比较大的争论。二战的时候需要后勤物资，美国国内开发 出了预制菜大工业，我们熟悉的好多大型食品公司，例如雀巢、M&M豆，当时都是为美军服 ...

Core Viewpoint - The ongoing controversy surrounding pre-prepared dishes (pre-cooked meals) has raised concerns among consumers regarding their safety and health, prompting calls for transparency from restaurants about their use of such dishes [1][6]. Definition of Pre-prepared Dishes - Pre-prepared dishes are defined as meals made from one or more food products that undergo industrial pre-processing without the addition of preservatives, and must be stored and transported under specified conditions [2][3]. - The recent notification from various government departments marks the first national-level clarification on the scope of pre-prepared dishes, emphasizing the prohibition of preservatives and the requirement for cold chain logistics [3]. Safety and Health Concerns - The pre-prepared dish industry in China has seen rapid growth, with over 74,000 related enterprises currently in operation [4]. - While larger pre-prepared dish companies have established safety protocols, smaller enterprises may lack standards, leading to potential food safety risks [4]. - A survey indicated that consumers have encountered quality issues with pre-prepared dishes, including spoilage and contamination [4]. Need for Standards and Regulations - Experts advocate for the establishment of national standards for pre-prepared dishes to ensure industry regulation and safety [5]. - There is a call for a comprehensive standard system that defines the concept and classification of pre-prepared dishes, including production, transportation, and storage requirements [5]. Consumer Awareness and Rights - A significant majority of consumers believe that restaurants should disclose the use of pre-prepared dishes, with 65.6% supporting prior notification [6]. - The Consumer Rights Protection Law entitles consumers to know the true nature of the products they purchase, emphasizing the need for transparency in the use of pre-prepared dishes [6]. Industry Communication and Transparency - Industry leaders suggest that restaurants should enhance communication with consumers to build trust and eliminate information asymmetry regarding the use of pre-prepared dishes [7]. - A draft national standard for pre-prepared dish safety is set to be publicly reviewed, which will standardize the disclosure of information regarding the use of such dishes in restaurants [7].

Core Viewpoint - The pre-prepared food industry is facing significant challenges due to public scrutiny and declining performance among leading companies, despite the market's potential for growth and regulatory improvements [1][6][8]. Group 1: Market Performance - A-share pre-prepared food companies have experienced volatility, with some stocks rising and others falling in response to recent events [1]. - Major players like Weizhi Xiang and Delisi reported mixed financial results, with Weizhi Xiang's revenue increasing by 4.70% to 343 million yuan, but net profit declining by 24.46% [3]. - Anjixin's revenue grew by 0.80% to 7.604 billion yuan, but it faced a 15.79% drop in net profit, marking its first mid-year profit decline since listing [3]. - Guolian Aquatic Products reported a significant loss of 540 million yuan, with total revenue decreasing by 18.36% to 1.651 billion yuan [3]. Group 2: Industry Challenges - The pre-prepared food sector is under pressure from weak B-end consumption and intense market competition, leading to a decline in overall gross margins from 20.07% in 2018 to 13.79% in 2024 [4]. - Companies like Xianyin Food have struggled to turn a profit, reporting a 12.08% revenue decline and a net loss of 54.17 million yuan [4]. - The industry faces issues such as inconsistent standards and low consumer acceptance, highlighted by recent controversies and the formation of a "anti-prepared food alliance" among restaurants [4][5]. Group 3: Regulatory Developments - The government is increasingly focused on addressing the challenges faced by the pre-prepared food industry, with new regulations and standards being introduced [6][7]. - Guangdong province has implemented eight local standards for pre-prepared foods, and a national food safety standard is set to be released soon [7]. - Experts believe that recent controversies may ultimately benefit the industry's development by prompting necessary changes and improvements [7]. Group 4: Future Outlook - Despite current controversies, the direction for the pre-prepared food industry remains positive, with significant growth potential anticipated [8]. - The market size is projected to reach 674.9 billion yuan by 2030, with a compound annual growth rate (CAGR) exceeding 10% [7].

Core Viewpoint - The recent controversy surrounding the use of pre-prepared meals in the restaurant industry highlights concerns about consumer rights and the potential negative impacts on the pre-prepared food industry, despite the focus not being solely on pre-prepared meals [1] Group 1: Industry Concerns - The pre-prepared food industry faces the risk of "bad money driving out good" if low-cost, substandard products dominate the market, which could hinder innovation and quality [2] - Regulatory bodies have issued guidelines to enhance food safety and promote high-quality development in the pre-prepared food sector, emphasizing the need for technological innovation and collaboration with research institutions [1][2] Group 2: Technological Innovations - Advanced preservation technologies, such as liquid nitrogen freezing, can extend the shelf life of seafood without preservatives, maintaining taste and nutritional value [1] - Research indicates that modern cold chain technology and preservation methods result in minimal nutritional loss in pre-prepared meals, sometimes outperforming leftover dishes [3] Group 3: Consumer Transparency - The implementation of blockchain and traceability technologies can empower consumers by providing transparent information about food products, allowing them to make informed choices [4] - The shift towards consumer-driven transparency in food safety and quality is essential for fostering trust and encouraging responsible consumption [4]

Core Viewpoint - The article discusses the character and actions of Luo Yonghao, emphasizing his decision to withdraw from a legal battle against Xibei's founder to protect the livelihoods of nearly 20,000 employees, showcasing his altruistic nature and moral integrity [2][5][38]. Group 1: Character and Actions of Luo Yonghao - Luo Yonghao is portrayed as a strong and principled individual who has previously taken bold actions against large corporations, demonstrating his willingness to fight for consumer rights [4][19]. - His decision to step back from the lawsuit against Xibei is framed as a strategic choice rooted in compassion rather than fear, highlighting his concern for the employees affected by the conflict [6][38]. - The article emphasizes that true strength lies in knowing when to hold back, which Luo Yonghao exemplifies through his actions [7][8]. Group 2: Consumer Advocacy and Trust - Luo Yonghao's advocacy is characterized by a focus on consumer interests rather than personal gain, which has garnered public support for his initiatives [10][11]. - He has committed to continuing legal support for consumers and monitoring the situation at Xibei, indicating his ongoing dedication to consumer rights [11][12]. - The article notes that Luo Yonghao's ability to repay 800 million in debt is attributed to the trust he has built with consumers through his consistent and genuine actions [23][32]. Group 3: Societal Implications - The article suggests that individuals like Luo Yonghao, who are willing to stand up against injustices, are rare and essential for societal progress [34][35]. - It highlights the importance of having outspoken individuals in society to challenge complacency and corporate negligence, which can lead to a more accountable business environment [34][36]. - The narrative concludes that true wealth is measured not in financial terms but in the trust and respect earned from others [41].