每经记者｜章光日 每经编辑｜段炼 吴永久 近期，A股冷冻烘焙龙头立高食品发布股东完成减持计划的公告，同时还披露了员工持股平台减持进度的公告。最近一年多，立高食品的业绩恢复增长态 势，而烘焙行业的同行业绩普遍表现不佳。 在业绩增长的同时，立高食品的股价也逐步走强，相较于2024年的低点，公司股价最大涨幅达到163%。而立高食品的大股东们减持的时间恰恰发生在公 司股价大涨之后。 立高食品的业绩为何能够实现逆势增长？员工持股平台减持是否已经完成？接下来每经资本眼专栏记者就来详细探究一番。 上半年业绩大增，股价大涨 立高食品主要从事冷冻烘焙食品及烘焙食品原料的研发、生产和销售，属于烘焙行业。公司产品主要包括麻薯、挞皮、甜甜圈、冷冻蛋糕等冷冻烘焙半成 品及成品，以及奶油、水果制品、酱料、油脂、肉松制品等烘焙用原料。公司旗下拥有立邦、美煌、立澳、奥昆等多个品牌。 3、优化管控机制，提高费用效率：公司围绕产线责任制构建市场资源规划与回报考核体系，按产线对市场资源进行规划和投放。2025年上半年，公司销 售费用率与管理费用率均下降约1.5%。 在业绩持续回暖等因素的刺激下，立高食品的股价逐步走强，表现明显好于同行。以前复权方 ...

更值得关注的是季度端的加速趋势：第二季度单季营收10.24亿元，同比上升18.4%；单季归母净利润8239.44万元，同比增幅高达 40.84%，较一季度增长节 奏明显加快，增长动能持续释放。 智通财经记者 | 袁颖琪 8月28日，烘焙产业链上游两大龙头立高食品（300973.SZ）与海融科技（300915.SZ）同日交出 2025 年上半年成绩单，行业业绩分化态势骤然凸显——前者 营收利润双增且增速加快，后者却陷入营收微降、净利润暴跌的困境。 同为烘焙原料头部玩家，产品线高度重叠，面对的是同样波动的原材料市场与复苏中的消费环境，为何两家企业的半年报表现会天差地别？ 业绩分化，冰火两重天 从"优等生"立高食品的表现来看，其上半年业绩堪称亮眼。财报显示，公司上半年实现营收 20.7 亿元，同比增长 16.2%；归母净利润 1.71 亿元，同比增幅 达 26.24%，盈利增速显著跑赢营收。 图片来源：公告、智通财经研究部 细分品类数据进一步揭示立高食品的增长逻辑。其中，烘焙食品（含冷冻蛋糕、冷冻面包等半成品及成品）实现营收11.25亿元，同比增长 6.08%，保持稳 健态势；而烘焙食品原材料（涵盖奶油、酱料、水果 ...

Investment and Expansion - Angel Yeast plans to invest CNY 502 million to establish a biomanufacturing center, which will include a seven-story building with a total area of 27,687.65 square meters and an underground parking area for 297 vehicles [1][3] - The project is expected to enhance Angel Yeast's technological innovation capabilities in biomanufacturing, thereby strengthening its profitability and competitive edge [1][3] - Zhou Liufu, a jewelry company, successfully listed on the Hong Kong Stock Exchange, opening with a more than 10% increase and reaching a market capitalization of over HKD 10.5 billion [5] - Zhou Liufu's online sales are projected to grow at a compound annual growth rate of 46.1% from 2022 to 2024, with online sales expected to account for 40% of total revenue by 2024 [5] Market Position and Strategy - Ying Tong Holdings, the largest perfume brand management company in China, officially listed on the Hong Kong Stock Exchange, marking its strong market position [7] - The company is recognized as the third-largest perfume group in the comprehensive markets of mainland China, Hong Kong, and Macau, indicating its robust capability to enter the stock market [7] - Danone's acquisition of The Akkermansia Company aims to strengthen its investment in gut health and next-generation biological research, enhancing its core competitiveness in this field [11][13] - Dazzle Fashion Group announced the closure of all offline stores for its men's brand RAZZLE by August 31, 2025, focusing resources on its core mid-to-high-end women's wear business [16] Retail and Brand Development - HotMaxx's new store format, HotMaxx Super Warehouse, has opened in Beijing, featuring seven product zones while maintaining a low-price strategy [10] - Uniqlo plans to open its first store in southern India in Bangalore, marking a significant expansion into the southern market [18] Leadership Changes - The former business general manager of Kraft Heinz in China has joined Mondelēz as the head of the frozen cake team for Greater China, indicating a strategic focus on growth in the frozen baking sector [20] - Alibaba Group has streamlined its partner organization from 26 to 17 members, emphasizing a focus on frontline business leaders [22] - Anna Wintour announced her resignation as editor-in-chief of American Vogue while retaining her role as global editorial director, reflecting changes in the fashion media landscape [25]