休闲卤味

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从卤味龙头到冻干赛道:煌上煌4.95亿拟并购立兴食品 实现产业突围与政策共振
Sou Hu Wang· 2025-08-18 02:45
Core Viewpoint - The acquisition of a 51% stake in Lixing Food by Huangshanghuang for 495 million yuan marks a strategic move to capture core resources in the freeze-dried food sector, enhancing the company's growth potential and aligning with market reforms [1][5][6] Group 1: Acquisition Details - Huangshanghuang plans to acquire 51% of Lixing Food for 495 million yuan, gaining control and integrating it into its consolidated financial statements [1] - The acquisition is progressing in accordance with relevant laws and regulations, indicating a structured approach to the transaction [1] Group 2: Market Opportunity - The global freeze-dried food market is projected to grow from 2.98 billion USD in 2023 to 5.2 billion USD by 2030, with a compound annual growth rate (CAGR) of 8.35% from 2024 to 2030 [2] - In China, the freeze-dried food market is expected to expand from 3.8 billion yuan in 2024 to 8.8 billion yuan by 2030, with a forecasted CAGR of 15% over the next five years [2] Group 3: Industry Landscape - The freeze-dried food industry has high entry barriers due to significant investment in equipment and stringent quality control requirements, with fewer than 10 leading companies capable of large-scale production [3] - Lixing Food, established in 2006, is a leading player in the freeze-dried food sector, with 37 production lines and an annual output capacity of nearly 6,000 tons of various freeze-dried products [3] Group 4: Strategic Fit - The acquisition allows Huangshanghuang to diversify its product offerings by adding freeze-dried products, which complement its existing fresh and snack food lines [4] - Lixing Food's customer base and distribution channels will enhance Huangshanghuang's market reach and operational efficiency, facilitating entry into new markets [4] Group 5: Policy Environment - The timing of the acquisition aligns with recent reforms in China's capital markets, which encourage mergers and acquisitions to enhance industry integration and transformation [5][6] - The acquisition strategy is consistent with national policies aimed at improving investment value and focusing on core business areas, thereby enhancing operational efficiency [5][6]