2025年12月19日，扬州祖名豆制食品有限公司（下称 "扬州祖名"）精益管理项目第一阶段圆满收官。 为表彰华昊企管在项目中的卓越贡献，扬州祖名特授予其"精益管理实战专家"荣誉称号，以见证双方深度合作的 丰硕成果，共启精益升级新征程。 在华昊企管专业团队的全流程精准辅导下，扬州祖名在生产效率提升、现场管理优化、成本管控强化等核心领域 取得突破性成果，为企业高质量发展注入强劲动能。 作为豆制品行业的标杆企业，扬州祖名始终秉持"品质为先、创新驱动"的发展理念，为进一步提升核心竞争力、 破解生产运营中的痛点难点，精准牵手华昊企管启动精益管理项目。 华昊企管凭借多年深耕制造业精益辅导的丰富经验，组建专属专家团队，深入扬州祖名生产一线，开展全方位调 研诊断，精准梳理出生产流程、现场管控、人员效能等方面的优化方向，量身定制了贴合企业实际的精益管理第 一阶段实施方案。 总结大会启动 大会启动 所有与会人员合影留念 精益之路，行则将至；持续改善，未来可期。此次扬州祖名精益管理第一阶段的圆满收官，是双方合作的良好开 端。相信在华昊企管的持续赋能下，扬州祖名将以精益管理为抓手，不断提升核心竞争力，在豆制品行业的高质 量发展道路上 ...

关于公司名称变更原因，公告提到，主要系随着公司业务规模扩大及产业链延伸，为强化公司集团化管 理需求，明确母公司与子公司的战略协同关系，提升资源配置效率，推动研发、生产、供应链等环节的 一体化运营。 （企业公告） 12月10日，祖名股份发布公告称，近日，公司完成了公司名称变更登记及《公司章程》备案手续，并取 得浙江省市场监督管理局换发的《营业执照》。公司名称由"祖名豆制品股份有限公司"变更为"祖名豆 制品集团股份有限公司"，证券简称及证券代码保持不变。 ...

Core Viewpoint - Zunming Co., Ltd. has signed a maximum guarantee contract with Ningbo Bank Hangzhou Branch, providing a guarantee of up to RMB 10 million for its subsidiary's credit business [2] Group 1 - The guarantee is structured as a joint liability guarantee [2] - The contract was signed on November 27, 2025 [2] - The guarantee supports a series of credit business contracts between Shanxi Zunming Jindadou Bean Products Co., Ltd. and Ningbo Bank Hangzhou Branch [2]

Core Viewpoint - The actual controller of Zunming Co., Cai Zuming, plans to reduce his stake in the company, marking the first time since its IPO that he has announced a share reduction plan [1][2]. Shareholding and Reduction Plans - Cai Zuming intends to reduce his holdings by up to 3% of the company's total shares, while major shareholder Shen Yong plans to reduce his stake by up to 1% [2][4]. - The estimated market value of the shares to be sold by Cai Zuming and Shen Yong is approximately 78.24 million yuan and 26.08 million yuan, respectively [2]. Company Performance - Zunming Co. has experienced declining performance since its IPO, with a notable drop in profits in 2022 and 2023, and it reported a loss in 2024 [9][10]. - In the first three quarters of 2025, the company achieved a revenue of 1.462 billion yuan, a year-on-year increase of 21.27%, but the net profit attributable to shareholders was only 32.16 million yuan, primarily due to a one-time asset disposal gain [10][11]. - The company has recorded a continuous loss in net profit excluding non-recurring items for six consecutive quarters since the second quarter of 2024 [11]. Business Strategy and Market Challenges - Zunming Co. has faced intense competition in the soybean product industry, leading to increased marketing and operational costs [9]. - The company has attempted to expand its market presence, including acquisitions and joint ventures, but has also retracted from certain markets, such as the northern region [10].

Core Viewpoint - The transformation of traditional brands, known as "laozihao," is essential for connecting with younger consumers while preserving their traditional roots [1][5] Group 1: Traditional vs. Modern - "Laozihao" must maintain their traditional craftsmanship and quality while innovating to attract younger consumers [2][4] - The integration of traditional techniques with modern flavors is exemplified by Daoxiangcun's innovative products that respect traditional methods [2][3] Group 2: Marketing and Consumer Engagement - Effective marketing strategies, such as live streaming and social media engagement, have been adopted by brands like Jinghua Tea to enhance brand visibility and connect with a broader audience [3][4] - The use of experiential retail, such as the "front store, back factory" model, allows consumers to engage with the production process, fostering a deeper connection to the brand [2][3] Group 3: Tailored Approaches - Different categories of "laozihao" must find unique paths that align with their brand identity, avoiding blind imitation of trends [4][5] - Innovations in product offerings, such as low-sugar options and diverse dining experiences, cater to the health-conscious preferences of younger consumers [4][5] Group 4: Cultural Significance - The mission of "laozihao" is to keep traditional culture alive in contemporary society, balancing heritage with modern consumer demands [5]

Core Viewpoint - The "Farming Quality Products" live streaming event in Xiamen is a significant initiative aimed at promoting local agricultural products while enhancing financial services in rural areas through innovative banking solutions [1][2]. Group 1: Event Overview - The event is organized by multiple governmental bodies and led by Industrial Bank, showcasing a variety of local agricultural products and financial services [1]. - The live streaming activity serves as a platform for farmers and local businesses to connect with consumers and promote their products [3]. Group 2: Company Highlight - Xiamen Yinxiang Bean Products Co., Ltd. has been a key participant, producing over 160 product categories with an annual output value of 200 million yuan, establishing itself as a benchmark in Fujian's bean product industry [1]. - The company has undergone significant upgrades, including the installation of fully automated production lines, supported by financial backing from Industrial Bank [1][2]. Group 3: Financial Support and Innovation - Industrial Bank has been a long-term financial partner for Yinxiang, providing essential support since 2009, which has enabled the company to invest in technology and expand its market reach [2]. - As of September this year, Industrial Bank's agricultural loan balance exceeded 540 billion yuan, reflecting its commitment to supporting rural development [2]. Group 4: Financial Services Innovation - The event also featured a mobile financial service vehicle, which provides on-site banking services, financial consultations, and fraud prevention education to local residents [3]. - This initiative aims to bring financial services closer to rural communities, ensuring accessibility and convenience for residents [3].

Core Insights - A new company named Shiping Huayi Mama Bean Products Co., Ltd. has been established with a registered capital of 50,000 RMB [1] Company Overview - The legal representative of the company is Tian Qichao [1] - The company operates in various sectors including internet sales, agricultural product sales, packaging materials, and food sales, specifically focusing on pre-packaged food [1] - The company is involved in the production, sales, processing, transportation, and storage of agricultural products, as well as providing related services [1] Business Activities - The company’s business scope includes the sale of food additives, import and export of food, and wholesale of edible agricultural products [1] - It also offers consulting services in information technology and labor services, excluding labor dispatch [1] - The company is authorized to manufacture bean products and engage in food production and sales, subject to necessary approvals [1]

Core Insights - A number of time-honored brands are revitalizing their operations, with 京华茶业 launching a new tea beverage brand "京华飘雪" in the Forbidden City, offering a range of tea products and ice cream [1][3] - 京华茶业, a subsidiary of 北京首农食品集团, has a history dating back to 1950 and operates a full industry chain from tea cultivation to sales, with partnerships across 18 provinces in China [3] - 六必居 is innovating by collaborating with 三元食品 to create new products and expanding its digital sales channels, achieving a threefold increase in e-commerce sales since 2020 [4][5] - 王致和 has introduced a low-salt fermented bean curd product, reducing salt content by over 40%, while also exploring new markets through smart manufacturing [4] - 白玉 is expanding its product lines and sales channels, achieving significant sales growth in premium supermarkets and online platforms, with a 150% increase in online sales in 2022 [5] Company Strategies - 京华茶业 is focusing on optimizing offline outlets and building a comprehensive marketing network across various regions in China [1] - 六必居 is enhancing its digital presence and has established a sales network covering major online platforms, while also opening innovative physical stores [4] - 王致和 is pursuing innovation through product development and technological upgrades to address industry challenges [4] - 白玉 is diversifying its product offerings to meet modern consumer demands and expanding its distribution channels to include premium supermarkets and online platforms [5] Cultural and Market Trends - The cultural heritage of these time-honored brands serves as a foundation for their innovation, with products being reinterpreted for modern consumers [6] - The transformation of traditional products into contemporary offerings is a key strategy for engaging younger consumers [6] - The ongoing journey of innovation for these brands is aimed at transitioning from "old classics" to "new classics" [6]

Group 1: Company Innovations - The traditional brand Jinghua Tea has launched a new tea beverage brand "Jinghua Piaoxue" in the Forbidden City, offering tea drinks, tea-flavored ice cream, and ready-to-drink tea products, while optimizing its offline network and expanding franchise development [1] - Liu Biju has collaborated with Sanyuan Foods to create co-branded products like "Erba Sauce Milk Tea" and "Erba Sauce Yogurt Shake," and has expanded the application of its sauce into snacks, baking, and tea drinks [2][5] - Wang Zhihuo has introduced a low-salt fermented bean curd series with over 40% less salt than traditional products, while also exploring the "food and medicine integration" market and upgrading through smart manufacturing [5] - Baiyu has developed new product lines such as hand-pulled tofu and new-style fresh bean curd, and has collaborated with Liu Biju to launch cross-border products, achieving sales of over 4 million yuan for certain items [5][6] Group 2: Market Expansion and Sales Channels - Liu Biju has accelerated its digital transformation, achieving a threefold increase in e-commerce sales since 2020, and has opened an innovative store in Harbin in partnership with JD Seven Fresh [5] - Baiyu has expanded its sales channels from traditional markets to premium supermarkets, with sales in 7FRESH being three times that of ordinary brands, and has opened 60 new specialty stores in Beijing [6] - Baiyu's online sales have seen a 150% year-on-year increase in 2022, supported by a logistics system covering over 2,500 points in the Beijing-Tianjin-Hebei region [6] Group 3: Cultural Heritage and Consumer Engagement - The innovation of traditional brands is rooted in cultural heritage, with products like low-salt pickles and ready-to-eat bean curd being reinterpreted for modern consumers [6] - The transformation of traditional brands involves a comprehensive channel strategy, connecting deeply with consumers, especially younger demographics, through both offline experiences and online platforms [6] - The commitment to cultural transmission, product innovation, and channel transformation is seen as a continuous journey for traditional brands, aiming to evolve from "old classics" to "new classics" [6]

Core Insights - Zunming Co., a leading fresh soybean product company, reported a revenue of 921 million yuan for the first half of 2025, marking a 21.62% increase year-on-year, with a significant improvement in cash flow and net cash increase [1] Group 1: Financial Performance - The company achieved a net cash flow from operating activities of 55 million yuan, up 42.74% year-on-year [1] - The net increase in cash and cash equivalents reached 53 million yuan, a substantial rise of 186.41% compared to the previous year [1] Group 2: Market Trends and Opportunities - The soybean product market is experiencing a dual explosion in market recognition and consumer demand, driven by national health strategies [2] - In 2024, China's food soybean consumption is projected to be 15.9 million tons, with soybean products accounting for 11.25 million tons, reflecting an 11.39% year-on-year growth [2] Group 3: Product and Channel Performance - Fresh soybean products, the core business, generated 638 million yuan in revenue, representing 69.30% of total revenue and a 24.00% increase year-on-year [3] - Plant-based protein drinks and leisure soybean products achieved revenues of 116 million yuan and 47 million yuan, with year-on-year growth rates of 16.05% and 20.38%, respectively [3] - Direct sales mode saw a significant breakthrough with revenue of 148 million yuan, up 59.12% year-on-year [4] - The company expanded its distribution network, adding 706 new distributors, bringing the total to 2,685, enhancing its national layout [4] Group 4: Digital Transformation - The company is implementing a comprehensive digital management system that integrates sales, production, distribution, and finance, enhancing operational efficiency [5] - The digital platform allows real-time order processing and production adjustments, improving supply chain coordination [6] - The company invested 6.65 million yuan in R&D, a 32.38% increase, focusing on plant-based protein drinks and leisure products [7] Group 5: Social Responsibility - Zunming Co. integrates social responsibility into its operations, focusing on green production and consumer rights protection [8] - The company has been recognized as a key supplier for maintaining stable prices and efficient delivery in the local market [8] - It actively participates in charitable activities and has established funds to support the elderly and assist impoverished households [9]