消费者在购买食品前越来越习惯仔细查看配料表，这也让一些行业潜规则浮出水面。近日，有消费者向北京商报记者反映，在超市选购速冻水饺时，发现不 少肉馅水饺产品的配料表中出现大豆蛋白或类似名称的配料，且排序往往很靠前。 北京商报记者进一步调查发现，目前，市场上大部分品牌的水饺配料表里，基本都含有大豆蛋白或类似成分，且不标注具体含量，该类成分排序越靠前，售 价也普遍越低。更有知名主流品牌的猪肉水饺配料表里，上述成分不仅排序靠前，甚至还排在了猪肉的前面。 食品科学行业人士对此表示，一般来说，通过配料表中的配料顺序可以大致判断添加量的多少，含量越高、顺序排列越靠前。速冻肉馅水饺中最重要的还是 肉，若从含量考虑，大豆蛋白或类似成分含量过高，即使添加了真肉，也不能视为"肉馅饺子"，这种情况应叫"肉风味饺子"。 | 品和 | 净含量 | 关键馅肉排序(含量) | | --- | --- | --- | | 01e黑猪肉养菜水饺 | 720g | 2/12: 齐菜≥24% | | | | 4/12: 黑猪肉≥22% | | | | 馅含量≥50% | | 01e黑猪肉白菜水饺 | 720g | 1/13: 黑猪肉≥29% | | ...

Group 1 - The introduction of policies such as the draft law to promote the private economy and the establishment of a financing coordination mechanism for small and micro enterprises is enhancing the business environment and providing policy support for the high-quality development of private enterprises [1] - In the first quarter of 2025, 1.979 million new private enterprises were established nationwide, representing a year-on-year growth of 7.1%, exceeding the average growth rate of the past three years, indicating strong resilience in the development of private enterprises and individual businesses in China [1] - Shanghai Pudong Development Bank (SPDB) is committed to serving the real economy by increasing credit investment and improving service quality to stimulate the vitality of private enterprises [1] Group 2 - In Zhengzhou, the center of the national frozen food industry, Xinnian Foods is leveraging consumer demand and product innovation to create a technology-enabled path for fresh food [2] - The cold chain food industry is one of the 28 key industrial chains in Henan, with over 30 large-scale enterprises in Zhengzhou by the end of 2024, and the frozen food sector holds over 60% market share nationally [2] - Xinnian Foods has achieved a 90% mechanization level in production, transitioning from traditional manufacturing to intelligent manufacturing, which requires significant investment in supply chain management [4] Group 3 - SPDB has provided over 300 million yuan in funding to Xinnian Foods to support production equipment upgrades and raw material procurement, ensuring efficient and stable operation of production lines [4] - SPDB has customized supply chain financing services for Xinnian Foods, providing over 1 billion yuan in credit to more than 20 upstream suppliers and promoting the construction of local industrial clusters [5] Group 4 - Sichuan Huanlong New Materials Co., Ltd. specializes in the research, production, and sales of bamboo fiber bio-based materials and has received recognition as a "green factory" [6][8] - Huanlong's bamboo fiber products, such as the Banbu brand, aim to provide high-quality, environmentally friendly materials, contributing to rural revitalization and farmer income [8] - SPDB has supported Huanlong with 7 million yuan in funding during its transformation phase and continues to strengthen cooperation to support the company's growth and intelligent transformation [8] Group 5 - Zhejiang Haishide Food Co., Ltd. focuses on the processing of aquatic products and has established a close partnership with SPDB since 2013, receiving 5 million yuan in microloans to support its R&D efforts [12] - Haishide's products, including various seafood items, are exported, generating over 18 million USD in foreign exchange [12] - SPDB plans to expand its services to aquatic enterprises, including cross-border trade and supply chain business, to facilitate the transition from a single fishery economy to a comprehensive industrial chain economy in Zhoushan [12] Group 6 - The resilience and innovative capacity of private enterprises in China are evident, with financial institutions playing a crucial role in supporting their high-quality development [13] - SPDB aims to continue innovating service models to provide more precise and efficient financial support to private enterprises, contributing to the growth of the private economy [13]

内容概要：随着国民生活节奏的加快，越来越多的人倾向于选择便捷、高效的食品，速冻包子具有快速 解冻、即食的特点，能满足消费者在忙碌的生活中节省烹饪时间的需求，尤其适合上班族、学生等群 体，据统计，2024年我国速冻包子需求量达47.49万吨，市场规模达118.72亿元，产品均价约为2.50万元/ 吨，未来，随着国民收入水平的不断提高，消费能力逐渐增强，消费者对于方便、快捷且品质有保障的 速冻食品的需求增加，特别是在城市地区，快节奏的生活方式使得越来越多的消费者愿意购买速冻包子 作为早餐或便捷食品，我国速冻包子市场有望进一步扩张。 上市企业：安井食品（603345）、三全食品（002216）、广州酒家（603043）、千味央厨（001215）、 巴比食品（605338） 相关企业：郑州思念食品有限公司、河南省福润食品有限公司、正大食品企业（上海）有限公司、广东 三津食品有限公司、扬州冶春食品生产配送股份有限公司、扬州东园食品有限公司、上海南翔食品股份 有限公司 关键词：速冻包子市场政策、速冻包子产业链、速冻包子市场供需、速冻包子竞争格局、速冻包子发展 趋势 一、概述 速冻包子是指以小麦粉、杂粮粉等为主要原料，辅以 ...

同时，在含大豆蛋白或类似成分的速冻肉馅水饺中，基本都只显示成分，而不注明含量。例如，在三全 食品猪肉大葱灌汤水饺配料表中出现的"大豆蛋白"、湾仔码头京葱猪肉水饺中的"大豆组织蛋白"等。 引起记者注意的是，在一款净含量1000g、名为猪肉大葱灌汤水饺的思念食品速冻水饺配料表中，"膨化 豆制品"成分排序仅排在小麦粉、水和圆白菜之后，甚至超过了大葱、猪肉和鸡肉，排在第4位，而猪肉 和鸡肉的排序在第6位和第7位。 "一般来说，通过配料表中的配料顺序可以大致判断添加量的多少，含量越高、顺序排列越靠前。但具 体的含量涉及企业配料的商业秘密，通常不会公布。"北京通农检测技术有限公司总监胡蔻蔻表示。 据《食品安全国家标准—预包装食品标签通则》（GB 7718-2011）规定，各种配料应按制造或加工食品 时加入量的递减顺序一一排列；加入量不超过2%的配料可以不按照递减顺序排列。 消费者在购买食品前越来越习惯仔细查看配料表，这也让一些行业潜规则浮出水面。近日，有消费者向 北京商报记者反映，在超市选购速冻水饺时，发现不少肉馅水饺产品的配料表中出现大豆蛋白或类似名 称的配料，且排序往往很靠前。 北京商报记者进一步调查发现，目前，市场 ...

"速冻食品第一股"安井食品（603345.SH）赴港IPO，并于6月11日通过港交所聆讯。不过，自去年12月 发布赴港上市的公告后，企业便被质疑赴港上市是为了"圈钱"，而六成中小股东对企业赴港上市持反对 意见。 该负责人称，去年4月19日中国证监会发布的《5项资本市场对港合作措施中明确表示支持内地行业龙头 企业赴香港上市。企业看到在当前宏观背景和政策支持下，中国优质企业国际化布局加速，港股成为其 构建全球募资和发展平台的关键枢纽，"走出去"亦成为中国企业提高对外影响力的必由之路。 南都湾财社记者注意到，2024年12月20日，安井食品发布的公告显示，在港股上市议案表决中，安井食 品获70.63%股东支持，议案顺利获得通过，不过，仍有28.77%的股东投了反对票，其中，持股5%以下 的中小股东60.51%投了反对票。 | 股东 | 同意 | | 反对 | | 弁权 | | | --- | --- | --- | --- | --- | --- | --- | | 类型 | 票数 | 比例(%) | 票数 | 比例(%) | 票数 | 比例(%) | | A 股 | 119, 974, 403 | 70. 629 ...

超六成中小股东反对安井食品港股上市 近日，港交所官网显示，速冻食品安井食品通过港交所聆讯，A股港股双重上市在即。 在速冻食品领域，安井食品去年市场份额排名第一，为6.6%。过去三年，安井食品营收和净利润都能保持增长，但是，增速大幅放缓，今年第一季度，其 营收净利润还出现负增长的情况。 在二级市场上，安井食品的市值相比巅峰时期已经缩水超六成。值得一提的是，此次谋求港股上市，安井食品接近三成的股东投了反对票，而超六成的中小 股东持反对意见。在部分股东不看好的情况下，安井食品冲向港股，能收获港股投资者的青睐吗？ A股市值较历史最高点缩水超6成 安井食品于2001年12月在福建厦门创立，主要从事速冻食品的生产和销售，2017年，其登陆上交所上市。 上市之后，安井食品股价平稳，直到2020年股价开始大幅攀升，并在2021年2月18日达到历史最高点，为276.56元，市值为644.41亿元。在这之后，其股价波 动回落。自去年10月以来，其股价再次出现明显回落。2024年10月8日，其股价为108.32元，而截至6月16日收盘，其股价为78.91元，市值为231.44亿元，相 比巅峰时期缩水64.08%。 2024年1月， ...

Core Viewpoint - Anjiu Food is seeking to list on the Hong Kong Stock Exchange to raise funds for international expansion, as domestic growth in the frozen food market slows down [2][8]. Group 1: Company Overview - Anjiu Food is the leading company in China's frozen prepared food market, holding a market share of 13.8% as of 2024 [2]. - The company reported a revenue of 121.06 billion yuan in 2022, with projections of 139.65 billion yuan in 2023 and 150.30 billion yuan in 2024 [3]. - Anjiu Food has over 500 SKUs across three product lines: frozen prepared foods, frozen dishes, and frozen rice and noodle products [3]. Group 2: Financial Performance - In Q1 2025, Anjiu Food's revenue was 36.00 billion yuan, a decrease of 4.13% year-on-year, with a net profit of 3.95 billion yuan, down 10.01% [6]. - The gross margin for the prepared dishes segment was significantly lower than that of frozen prepared foods, with margins of 9.9%, 10.8%, and 11.1% from 2022 to 2024 [6]. - The average selling price of prepared dishes declined from 20,300 yuan per ton in 2022 to 17,600 yuan in 2024, attributed to increased competition in the market [6]. Group 3: Market Strategy - Anjiu Food aims to expand its international market presence, with plans to use funds from the IPO for enhancing sales networks and supply chain systems [8]. - The company has established a production base in Vietnam to penetrate Southeast Asian markets, with overseas revenue projected at 1.67 billion yuan in 2024, accounting for 1.1% of total revenue [8]. - The company has faced challenges with its prepared dishes segment, which has seen a decline in performance, but experts believe there is still potential for growth in this market [7][9]. Group 4: Industry Insights - The frozen food market in China is experiencing a slowdown, prompting companies like Anjiu Food to seek growth opportunities abroad [2][8]. - Industry experts emphasize the importance of having a strong domestic foundation before pursuing international expansion, highlighting the need for strategic and tactical planning [9].

证券代码：002216 证券简称：三全食品 三全食品股份有限公司投资者关系活动记录表 编号：2025-003 | | ■特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 业绩说明会 | | 类别 | □新闻发布会 路演活动 | | | □现场参观 □其他 | | 参与单位名称及 | 名单详见附件 | | 人员姓名 | | | 时间 | 2025 年 6 月 12 日 10:00-11:00 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书：刘铮铮 | | 员姓名 | 证券事务代表：徐晓 | | | 1、请简单介绍一下公司直营渠道目前的经营情况？ | | | 答：公司直营渠道通过调整组织结构，开展 "总对总"业务合作，强 | | | 调管理精细化，提升费用使用效率；加强客户服务，持续推进商超系统 | | | 个性化产品定制。此外在产品端深入调研市场需求，适时调整产品策略， | | | 持续优化产品品质，丰富产品口味，精准切入多样化及个性化消费需求， | | | 未来将在健康养生、品质升级、体验升级等方面继续创新。 | | | 2、公司电商渠道 ...

Economic Indicators - The US core inflation rate for May has been below expectations for the fourth consecutive month, indicating that businesses are largely absorbing higher tariff costs without passing them on to consumers[8] - The US May tariff revenue reached a record high of $23 billion, a year-on-year increase of $17 billion, representing a 270% growth[13] - The US budget deficit for May was $316 billion, a 17% decrease compared to the previous year[13] Market Performance - The Shanghai Composite Index rose by 0.52% to 3402.32 points, while the Shenzhen Component increased by 0.83% and the ChiNext Index gained 1.21%[1] - The Hang Seng Index closed up 0.84% at 24366.94 points, with the Hang Seng Tech Index rising by 1.09% and the Hang Seng China Enterprises Index increasing by 1.12%[1] Trade Relations - President Trump announced that China will "take the lead" in supplying rare earths and magnets as part of a framework agreement reached during US-China negotiations[8] - The framework agreement includes maintaining current tariff levels, which are lower than before Trump's presidency, and allowing Chinese students to enroll in US universities[8] Monetary Policy - Following the inflation data, the market is pricing in an over 80% probability of a Federal Reserve rate cut in September[8] - Trump has called for a 100 basis point rate cut from the Federal Reserve, arguing it would significantly reduce interest payments on maturing debt[8]

证券研究报告 | 2025年06月09日 食品饮料周报（25 年第 23 周） 优于大市 白酒淡季需求延续压力，啤酒、饮料进入需求旺季 本周（2025 年 6 月 2 日至 2025 年 6 月 6 日）本周食品饮料板块下跌 0.65%， 跑输上证指数 1.78pct。本周食品饮料板块涨幅前五分别为均瑶健康 (24.43%)、青海春天(15.38%)、万辰集团(14.58%)、华宝股份(10.98%)和妙 可蓝多(10.11%)。 白酒：淡季需求延续压力，高端白酒价格略有下降。贵州茅台 6 月 4 日公告 截至 5 月，公司累计回购股份 331.1 万股，占总股本 0.26%，已支付总金额 51 亿元（不含交易费用）；6 月 4 日在日本大阪世博会期间发布"走进希腊、 意大利、英国、法国、日本"五个新品共十款，并在"i 茅台"平台销售； 公司系统性布局国际化，结合品牌、文化实现产品出海。泸州老窖 6 月 4 日 公告将于 6 月 27 日召开股东大会，披露了 2025 年主要规划为突出三大重点 （大力"扩面"、"开瓶"与"拓点"），确保销售收入；并围绕提升操盘 能力、数智化市场管理、提升渠道利润与品牌形象三大 ...