炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 一、市场表现 二、重要公告 1、【百润股份】关于百润转债回售结果的公告。百润转债"回售期已于2025年11月25日收盘后结束，根据中国证券登记结算有限责任公司深圳分公司出具的《证券回售付款通知》，"百润转债 1、11月26日食品饮料板块涨幅为0.2%，跑输沪深300指数约0.4pct，在申万31个子行业中排名第10。 图表1：食品饮料板块涨幅为0.2%，排名第10 资料来源：Wind、开源证券研究所 2、食品饮料板块中，零食（+0.8%）、软饮料（0.7%）、预加工食品（0.4%）表现相对靠前。欢乐家、海欣食品、有友食品涨幅领先。 图表2：零食、软饮料、预加工食品表现较好 资料来源：Wind、开源证券研究所 2、【盐津铺子】关于部分限制性股票回购注销完成的公告。公司本次回购注销限制性股票的激励对象共5名，回购注销的限制性股票数量合计为70,000股，注销股份占注销前总股本2.72亿股的 图表3：当日涨跌前5股票 3、【糖酒快讯】11月25日消息，摘要酒丙午马年生肖酒即将上线金沙酒业官方商城。据介绍，该新品1500ml/瓶，承大曲酱香回沙 ...

出品：新浪财经上市公司研究院 作者：浪头饮食/ 郝显 近日，惠发食品（维权）控股股东家族成员又开始新一轮减持，如果按照上限减持，将合计减持3%的股份。而在此之前，公司股东和管理层已经在轮番减持。 目前的惠发食品已经陷入持续亏损，从2024年起，公司核心产品销量也开始大幅下滑。前几年惠发食品承受亏损不断扩张，最终不仅未带来业绩增长，反而造成产能利用率低、现金低于短债、 控股股东家族成员开始新一轮减持 11月24日，惠发食品发布股东减持公告，称收到惠希平出具的《减持计划告知函》，因自身资金需求，惠希平计划未来3个月内通过集中竞价方式减持不超过2，423，800股，占公司总股本的 目前惠希平持有16，294，971股，占公司总股本的6.72%，如果按照上限减持，将合计减持3%的股份。 惠发食品控股股东为山东惠发投资有限公司（以下简称"惠发投资"），惠发投资的控股股东为惠增玉，惠希平与惠增玉为父子关系，是控股股东的一致行动人。 这已经不是惠希平首次减持，惠希平原本持有11.76%的股份，2024年2月以8.01元/股的价格向杨红转让5.1%的股份，套现9993.92万元。8个月后杨红就开启了减持，2024年10月惠发 ...

责任编辑：小浪快报 巴比食品所属申万行业为：食品饮料-食品加工-预加工食品。所属概念板块包括：预制菜、小盘、电子 商务、养老金概念、宠物经济等。 截至10月31日，巴比食品股东户数1.20万，较上期减少2.87%；人均流通股19963股，较上期增加 2.96%。2025年1月-9月，巴比食品实现营业收入13.56亿元，同比增长12.05%；归母净利润2.01亿元，同 比增长3.51%。 分红方面，巴比食品A股上市后累计派现4.76亿元。近三年，累计派现3.72亿元。 11月26日，巴比食品盘中下跌2.05%，截至09:47，报27.77元/股，成交1666.23万元，换手率0.25%，总 市值66.53亿元。 资金流向方面，主力资金净流出36.28万元，大单买入24.25万元，占比1.46%，卖出60.53万元，占比 3.63%。 巴比食品今年以来股价涨68.61%，近5个交易日跌1.84%，近20日涨10.37%，近60日涨22.12%。 资料显示，中饮巴比食品股份有限公司位于上海市松江区车墩镇茸江路785号，成立日期2010年7月8 日，上市日期2020年10月12日，公司主营业务涉及中式面点速冻食品的研 ...

今年以来惠发食品已经1次登上龙虎榜，最近一次登上龙虎榜为3月5日，当日龙虎榜净买入265.24万 元；买入总计3230.14万元 ，占总成交额比12.69%；卖出总计2964.90万元 ，占总成交额比11.65%。 资料显示，山东惠发食品股份有限公司位于山东省诸城市舜德路159号，成立日期2005年2月2日，上市 日期2017年6月13日，公司主营业务涉及速冻类预制菜的丸类制品、肠类制品、油炸类制品、串类制 品、菜肴制品等速冻食品的研发、生产和销售。主营业务收入构成为：供应链29.40%，丸制品 23.34%，油炸品16.95%，中式菜肴9.92%，肠制品9.59%，串制品6.48%，其它类3.53%，餐饮类 0.78%。 11月25日，惠发食品（维权）盘中下跌2.02%，截至09:39，报12.11元/股，成交4178.47万元，换手率 1.44%，总市值29.35亿元。 资金流向方面，主力资金净流入53.73万元，大单买入651.62万元，占比15.59%，卖出597.89万元，占比 14.31%。 惠发食品今年以来股价涨3.68%，近5个交易日跌9.90%，近20日涨8.42%，近60日涨20.62%。 ...

Core Insights - Babi Food's stock price decreased by 2.09% on November 20, trading at 27.70 CNY per share with a market capitalization of 6.636 billion CNY [1] - The company has seen a year-to-date stock price increase of 68.18%, but a recent decline of 13.06% over the last five trading days [1] Financial Performance - For the period from January to September 2025, Babi Food reported a revenue of 1.356 billion CNY, representing a year-on-year growth of 12.05% [2] - The net profit attributable to the parent company was 201 million CNY, showing a year-on-year increase of 3.51% [2] - Cumulative cash dividends since the company's A-share listing amount to 476 million CNY, with 372 million CNY distributed over the past three years [2] Shareholder Information - As of October 31, the number of shareholders for Babi Food was 12,000, a decrease of 2.87% from the previous period [2] - The average number of circulating shares per shareholder increased by 2.96% to 19,963 shares [2] Business Overview - Babi Food, established on July 8, 2010, and listed on October 12, 2020, specializes in the research, production, and sales of Chinese-style frozen food [1] - The company's revenue composition includes 90.39% from food products, 6.17% from packaging materials and auxiliary materials, 3.34% from services, and 0.10% from other sources [1] - Babi Food operates within the food and beverage industry, specifically in the food processing sector, and is involved in various concept sectors including prepared dishes and e-commerce [1]

天风证券研报表示，2025年双十一期间，白酒行业呈现"量增价跌"分化态势：传统电商平台名酒价格击穿底线（如飞天茅台补 贴价跌破1700元），主因经销商库存压力下的抛货行为与平台补贴引流；而即时零售、抖音等新兴渠道逆势增长，反映消费场 景向"即买即饮"转变。酒企密集启动打假行动，通过公布授权"白名单"与非授权"黑名单"维稳价盘，旨在平衡线上流量与线下渠 道利益。中长期看，行业需从价格战转向价值重塑，聚焦高质价比产品与渠道精细化运营。当前龙头酒企股息回报已较为可 观，大众消费有望逐步恢复，建议关注板块修复机会。看好三大主线：①强β标的；②大众酒价位带修复概念标的；③强α标 的。 全文如下 周观点更新 白酒：本周白酒板块+2.66%，表现强于沪深300，其中舍得酒业、酒鬼酒、金徽酒、古井贡酒、泸州老窖等涨幅靠前。2025年双 十一期间，白酒行业呈现"量增价跌"分化态势：传统电商平台名酒价格击穿底线（如飞天茅台补贴价跌破1700元），主因经销 商库存压力下的抛货行为与平台补贴引流；而即时零售、抖音等新兴渠道逆势增长，反映消费场景向"即买即饮"转变。酒企密 集启动打假行动，通过公布授权"白名单"与非授权"黑名单"维稳价 ...

Core Points - The stock price of Babi Foods has decreased by 2.03% to 27.97 CNY per share as of November 19, with a market capitalization of 6.701 billion CNY [1] - The company has seen a year-to-date stock price increase of 69.82%, but a recent decline of 10.55% over the last five trading days [1] Financial Performance - For the period from January to September 2025, Babi Foods reported a revenue of 1.356 billion CNY, representing a year-on-year growth of 12.05%, and a net profit attributable to shareholders of 201 million CNY, up by 3.51% [2] - The company has distributed a total of 476 million CNY in dividends since its A-share listing, with 372 million CNY distributed over the past three years [2] Shareholder Information - As of October 31, the number of shareholders for Babi Foods is 12,000, a decrease of 2.87% from the previous period, while the average number of tradable shares per shareholder has increased by 2.96% to 19,963 shares [2] Business Overview - Babi Foods, established on July 8, 2010, and listed on October 12, 2020, specializes in the research, production, and sales of Chinese-style frozen food, with 90.39% of its revenue coming from food products [1] - The company operates within the food and beverage industry, specifically in the food processing sector, and is involved in various concept segments including prepared dishes and e-commerce [1]

惠发食品今年以来股价涨12.76%，近5个交易日涨0.38%，近20日涨20.27%，近60日涨37.19%。 今年以来惠发食品已经1次登上龙虎榜，最近一次登上龙虎榜为3月5日，当日龙虎榜净买入265.24万 元；买入总计3230.14万元 ，占总成交额比12.69%；卖出总计2964.90万元 ，占总成交额比11.65%。 11月19日，惠发食品（维权）盘中下跌2.01%，截至10:47，报13.17元/股，成交8831.01万元，换手率 2.74%，总市值31.92亿元。 资金流向方面，主力资金净流入92.84万元，特大单买入221.40万元，占比2.51%，卖出0.00元，占比 0.00%；大单买入1155.12万元，占比13.08%，卖出1283.68万元，占比14.54%。 截至11月10日，惠发食品股东户数2.59万，较上期增加0.00%；人均流通股9277股，较上期增加0.00%。 2025年1月-9月，惠发食品实现营业收入10.64亿元，同比减少18.31%；归母净利润-3921.70万元，同比 减少38.85%。 分红方面，惠发食品A股上市后累计派现7388.26万元。近三年，累计派现489 ...

Core Viewpoint - Anjiu Food's stock price has shown fluctuations, with a recent decline of 2.01% and a total market capitalization of 27.27 billion yuan, while the company has experienced a year-to-date stock price increase of 4.76% [1] Company Overview - Anjiu Food Group Co., Ltd. is based in Xiamen, Fujian Province, and was established on December 24, 2001, with its listing date on February 22, 2017. The company specializes in the research, production, and sales of frozen foods, including products like fish tofu, fish balls, and various frozen dishes [2] - The revenue composition of Anjiu Food includes 49.43% from frozen prepared foods, 31.77% from frozen dishes, 16.32% from frozen noodle and rice products, and 2.38% from agricultural products and others [2] Financial Performance - As of September 30, the number of shareholders for Anjiu Food reached 63,200, an increase of 78.56%, while the average circulating shares per person decreased by 43.98%. For the first nine months of 2025, the company reported a revenue of 11.371 billion yuan, a year-on-year increase of 2.66%, and a net profit attributable to shareholders of 949 million yuan, a decrease of 9.35% [3] - Anjiu Food has distributed a total of 3.219 billion yuan in dividends since its A-share listing, with 2.521 billion yuan distributed over the past three years [4] Shareholding Structure - As of September 30, 2025, the largest circulating shareholder is Hong Kong Central Clearing Limited, holding 5.401 million shares, a decrease of 6.5391 million shares from the previous period. Other notable shareholders include Zhonggeng Value Pioneer Stock and the South China Securities 500 ETF, which has exited the top ten circulating shareholders list [4]

11月14日，巴比食品盘中下跌2.07%，截至09:35，报31.20元/股，成交2389.05万元，换手率0.32%，总 市值74.74亿元。 分红方面，巴比食品A股上市后累计派现4.76亿元。近三年，累计派现3.72亿元。 资金流向方面，主力资金净流入33.29万元，特大单买入0.00元，占比0.00%，卖出249.64万元，占比 10.45%；大单买入484.14万元，占比20.27%，卖出201.21万元，占比8.42%。 责任编辑：小浪快报 巴比食品所属申万行业为：食品饮料-食品加工-预加工食品。所属概念板块包括：小盘、预制菜、养老 金概念、宠物经济、增持回购等。 截至10月31日，巴比食品股东户数1.20万，较上期减少2.87%；人均流通股19963股，较上期增加 2.96%。2025年1月-9月，巴比食品实现营业收入13.56亿元，同比增长12.05%；归母净利润2.01亿元，同 比增长3.51%。 巴比食品今年以来股价涨89.44%，近5个交易日涨11.71%，近20日涨24.40%，近60日涨56.78%。 资料显示，中饮巴比食品股份有限公司位于上海市松江区车墩镇茸江路785号，成立日期20 ...