Core Viewpoint - Anjoy Foods Group Co., Ltd. reported a slight increase in revenue but a significant decline in net profit for the first half of 2025, indicating challenges in maintaining profitability amidst rising costs and market competition [2][3]. Financial Performance - Revenue for the first half of 2025 reached approximately RMB 7.60 billion, a 0.80% increase compared to RMB 7.54 billion in the same period last year [3]. - Total profit decreased by 16.51% to RMB 886.31 million from RMB 1.06 billion year-on-year [3]. - Net profit attributable to shareholders fell by 15.79% to RMB 675.94 million from RMB 802.65 million [3]. - The net cash flow from operating activities was negative at RMB -162.92 million, a decline of 132% compared to the previous year [3]. - The company's net assets increased by 2.98% to RMB 13.34 billion, while total assets decreased by 1.65% to RMB 17.09 billion [3]. Industry Overview - The Chinese frozen food industry is projected to reach a market size of approximately RMB 221.2 billion in 2024, making it the second-largest frozen food market globally [3]. - The frozen prepared food segment is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2029, driven by diverse dining preferences and increasing demand for quality products [3]. - The frozen dish segment is anticipated to grow at a CAGR of 16.1% during the same period, as industry standards improve and consumer demand for convenient, high-quality meals rises [3]. - The frozen noodle and rice products market is projected to reach RMB 77.1 billion in 2024, with traditional products maturing and new offerings gaining traction [3]. Business Operations - Anjoy Foods specializes in the research, production, and sales of frozen prepared foods, frozen dishes, and frozen noodle products, establishing a significant marketing network centered in East China [3][4]. - The company offers over 500 products, including fish tofu, fish balls, and various frozen dishes under multiple brands [4][5]. - The company has adopted a multi-brand strategy to cater to different market segments and enhance its product offerings [5]. Strategic Initiatives - Anjoy Foods is focusing on product innovation and market expansion, with a strategy to develop 3-5 strategic flagship products annually [5][13]. - The company is enhancing its supply chain efficiency through digitalization and AI integration, aiming to improve procurement, production, and sales processes [15][18]. - Recent acquisitions, including a 70% stake in Jiangsu Dingweitai Food Co., Ltd., are aimed at expanding into the frozen baking sector and enhancing product offerings [15][16]. Market Positioning - The company is actively pursuing opportunities in both domestic and international markets, with plans to leverage its recent Hong Kong listing to expand its global footprint [16]. - Anjoy Foods is adapting to changing consumer preferences by focusing on high-quality, customized products and enhancing its online and offline sales channels [12][14].

证券代码：603345 证券简称：安井食品 公告编号：临 2025-049 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 安井食品集团股份有限公司 第五届监事会第十六次会议决议公告 安井食品集团股份有限公司（以下简称"公司"）第五届监事会第十六次会议 于 2025 年 8 月 25 日以现场加通讯的方式召开，会议由监事会主席张光玺主持， 会议应出席监事 3 人，实际出席 3 人。会议的通知、召开及审议程序符合《中华 人民共和国公司法》等法律法规及《公司章程》的规定，所作决议合法有效。 经与会监事一致同意，形成决议如下： 一、审议通过《公司 2025 年半年度报告及其摘要》 经审核，公司监事会认为：《公司 2025 年半年度报告及其摘要》编制和审 核程序符合相关法律、法规和股票交易所在地的监管规定，所包含的信息能够从 各个方面真实地反映公司当年度的经营管理和财务状况等事项，不存在虚假记载、 误导性陈述或者重大遗漏。 具体内容详见公司同日在上海证券交易所网站（http://www.sse.com.cn）披 露的《2025 年半年 ...

Group 1 - The core viewpoint of the article highlights that Anjuke Foods is focused on the research, manufacturing, and sales of frozen and refrigerated food products, including various types of noodles and prepared foods [1] - In the semi-annual report, Anjuke Foods announced that it achieved an operating income of 7.6 billion yuan, representing a year-on-year increase of 0.8% [2] - The company reported a net profit attributable to shareholders of 676 million yuan, which reflects a year-on-year decrease of 15.8% [2] Group 2 - Anjuke Foods plans to enhance its business by acquiring 70% of Jiangsu Dingwei Thai Food Co., Ltd. and 100% of Dingyifeng Food (Taicang) Co., Ltd., which will be included in the consolidated financial statements in the second half of the year [1] - The acquisition is expected to positively impact future performance by adding a frozen baking business segment [1] - The company continues to promote product innovation and market expansion in multiple business areas, including frozen prepared foods, frozen dishes, and frozen noodle products [1]

Core Viewpoint - Anjiu Food reported a slight increase in revenue but a significant decline in net profit for the first half of 2025, indicating challenges in profitability despite stable sales growth [1] Financial Performance - The company achieved operating revenue of 7.6 billion yuan, representing a year-on-year growth of 0.8% [1] - The net profit attributable to shareholders was 676 million yuan, showing a year-on-year decrease of 15.8% [1] Business Development - Anjiu Food is focused on the research, manufacturing, and sales of frozen and refrigerated rice and noodle products, as well as various prepared foods [1] - In July 2025, the company acquired 70% of Jiangsu Dingwei Thai Food Co., Ltd. and 100% of Dingyifeng Food (Taicang) Co., Ltd., which will be included in the consolidated financial statements in the second half of the year [1] - The acquisition is expected to enhance the frozen baking business segment and positively impact future performance [1] - The company continues to promote product innovation and market expansion in multiple business areas, including frozen prepared foods, frozen dishes, and frozen rice and noodle products [1]

承董事會命 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 ANJOY FOODS GROUP CO., LTD. 安井食品集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2648） 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲 載 列 安 井 食 品 集 團 股 份 有 限 公 司（「 本公司 」）在 上 海 證 券 交 易 所 網 站 ( www.sse.com.cn )刊登的本公司2025年半年度報告（A股），僅供參閱。 安井食品集團股份有限公司 董事長兼執行董事 劉鳴鳴先生 中國廈門，2025年8月25日 於本公告日期，本公司董事會成員包括：(i)執行董事劉鳴鳴先生、張清苗先生、 章高路先生及黃建聯先生；(ii)非執行董事鄭亞南博士及戴凡先生；及(iii)獨立非 執行董事張梅女士、劉曉峰博士、趙蓓博士及張躍平先生。 公司代码：603345 公司简称：安井食品 2025 年半年度报告 ...

Core Viewpoint - Anjiu Foods (02648) reported significant revenue growth in its frozen prepared foods segment for the first half of 2025, indicating strong market performance and expansion efforts [1] Financial Performance - The company achieved revenue of 3.759 billion RMB in frozen prepared foods for the first half of 2025 [1] - Total revenue from distributors reached 6.043 billion RMB during the same period [1] - Revenue from the East China region amounted to 3.183 billion RMB [1] Distribution Network - As of the end of the reporting period, the total number of distributors for the company was 2,026 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 ANJOY FOODS GROUP CO., LTD. 安井食品集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2648） 2025年半年度與行業相關的定期經營數據公告 報告期內營業收入按地區分部分 安井食品集團股份有限公司（「公司」）按照中國企業會計準則編製的2025年半年度 與行業相關的主要經營數據披露如下： 一、報告期經營情況 單位：萬元 幣種：人民幣 報告期內營業收入按產品分項分 | 產品分項 | 2025年1-6月 | 2024年1-6月 | 變動情況(%) | | --- | --- | --- | --- | | 速凍調制食品 | 375,900.84 | 383,336.71 | -1.94 | | 速凍菜餚製品 | 241,581.62 | 220,830.21 | 9.40 | | 速凍面米製品 | 124,129.05 | 129,149.16 | -3. ...

Q2 单店转正，H2 有望加速 事项： 公司发布 2025 年半年报，25H1 实现营收 8.35 亿元，同比+9.3%；归母净利润 1.32 亿元，同比+18.1%。单 Q2 实现营收 4.65 亿元，同比+13.5%；归母净利 润 0.94 亿元，同比+31.4%。 证 券 研 究 报 告 巴比食品（605338）2025 年中报点评 强推（维持） 评论： [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 1,671 | 1,871 | 2,060 | 2,244 | | 同比增速(%) | 2.5% | 11.9% | 10.1% | 8.9% | | 归母净利润(百万) | 277 | 288 | 315 | 341 | | 同比增速(%) | 29.4% | 4.0% | 9.6% | 8.2% | | 每股盈利(元) | 1.15 | 1.20 | 1.32 | 1.43 | | 市盈率(倍) | 19 | 18 | 17 | ...

新乡市市场监督管理局关于13批次食品不合格情况的通告（2025年4号） 近期，新乡市市场监督管理局组织抽检了饼干、餐饮食品、炒货食品及坚果制品、蛋制品、淀粉及淀粉制品、豆制品、方便食品、糕点、罐头、酒类、冷冻 饮品、粮食加工品、肉制品、乳制品、食用农产品、蔬菜制品、薯类和膨化食品、水果制品、速冻食品、糖果制品、调味品、饮料22大类食品256批次样品 （含你点我检专项155批次），抽样检验项目合格样品243批次，不合格样品13批次。检验项目等具体情况见附件。现通告如下： 一、不合格产品情况 1.新乡市牧野区和盛祥餐饮饭店（个体工商户）1批次小碗，其中大肠菌群检出值为检出，标准规定不得检出。 2.原阳县渝味阁餐饮店（个体工商户）1批次碗，其中阴离子合成洗涤剂(以十二烷基苯磺酸钠计）检出值为0.26mg/100cm2，标准规定不得检出。 3.新乡市第十二中学1批次鸡蛋，其中多西环素检出值为942.8µg/kg，标准规定≤10µg/kg。 4.原阳县江峰面馆餐饮店（个体工商户）1批次小碗，其中大肠菌群检出值为检出，标准规定不得检出。 7.卫辉市友联商贸有限公司1批次生姜，其中噻虫胺检出值为1.3mg/kg，标准规定≤ ...

Investment Rating - The report maintains an "Outperform" rating for the food and beverage sector [1][4]. Core Views - External positive factors are gradually increasing, and Kweichow Moutai's interim report demonstrates operational resilience. The report indicates that the liquor sector has shown a slight increase of 0.9% this week, with expectations for continued valuation recovery due to policy anticipation [2][11]. - The report highlights three investment themes: companies with strong anti-cyclical performance like Shanxi Fenjiu and Kweichow Moutai, companies with strong cyclical attributes like Luzhou Laojiao, and companies with low inventory burdens like Yingjia Gongjiu [2][13]. Summary by Sections 1. Weekly Insights - The food and beverage sector rose by 0.49% this week, underperforming the Shanghai Composite Index by 1.21 percentage points. The top five gainers in the sector included Guifaxiang (28.74%), Angel Yeast (7.52%), Tianwei Food (6.90%), Gujing Gongjiu (6.58%), and ST Tongpu (6.54%) [1][20]. 2. Liquor Sector - Kweichow Moutai's interim report showed a total revenue of 91.09 billion yuan, up 9.2% year-on-year, and a net profit of 45.4 billion yuan, up 8.9% year-on-year. The report notes a slight decline in profit margins due to fluctuations in gross and expense ratios, but the company has shown resilience amid industry adjustments [2][11]. - The report suggests that liquor companies will focus on destocking and promoting sales in the short term while emphasizing consumer engagement and internationalization in the medium to long term [2][13]. 3. Consumer Goods - The beer sector is entering a peak season, with a slight decrease in fund holdings in the second quarter of 2025. Yanjing Beer has seen an increase in fund holdings, while other major brands like Qingdao Beer and China Resources Beer have seen declines [3][14]. - The snack sector has seen an increase in fund holdings, particularly in Yanjinpuzi and Wancheng Group, indicating a shift towards a more category-driven growth model [3][15]. - The report recommends focusing on leading companies in various segments, including Kweichow Moutai, Wuliangye, Shanxi Fenjiu, Luzhou Laojiao, Nongfu Spring, and Dongpeng Beverage [3][19].