（编辑 任世碧） 证券日报网讯 1月23日，华仁药业在互动平台回答投资者提问时表示，公司积极布局饮料、化妆品、健 康饮品等大健康产品线，饮料业务包括电解质补充液、纯净水、大桶水、葡萄糖补水液、固体饮料等产 品，化妆品业务方面名济堂化妆品是子公司湖北华仁同济与华中科技大学同济医学院附属同济医院合作 的"华仁同济联合实验室"研制，主打医学科学护肤，目前主要产品有胶原蛋白睡眠面膜、小分子胶原蛋 白水、维生素E水润霜、极光晚安精华液、维生素E乳、防晒乳等，健康饮品方面由子公司湖北华仁同 济开发并由"华仁同济联合实验室"技术支持的"华仁同济燕窝胶原三肽饮"已上市，进一步丰富了公司的 大健康产品线，该系列产品目前销售收入占比还较小，后续公司将加强品牌建设和渠道建设，持续推进 大健康产品线上、线下销售渠道的开发与推广。 ...

Core Viewpoint - Shandong Tianjiao Biotechnology Co., Ltd. (Tianjiao Bio) has completed its IPO counseling record with the Shandong Securities Regulatory Bureau and plans to list on the A-share market, with Guotai Junan Securities Co., Ltd. as the counseling institution [1]. Company Overview - Tianjiao Bio was established on December 18, 2004, with a registered capital of 51.033887 million yuan, primarily engaged in the research, production, and sales of powdered oils, plant-based products, starch sugars, and other solid beverages [2]. - The company is controlled by Zhang Zhao and Zhao Tong, who hold 84.35% of the voting rights through Tianjiu Group and employee stock ownership platforms [2]. Financial Performance - The projected operating revenues for Tianjiao Bio are 1.154 billion yuan for 2023, 1.275 billion yuan for 2024, and 580 million yuan for the first half of 2025. The net profits are expected to be 109 million yuan, 144 million yuan, and 54.36 million yuan for the same periods, respectively [2]. Management Background - Zhang Zhao, aged 42, has held various positions including auditor, deputy general manager, and chairman of Tianjiao Bio since November 2013 [3]. - Zhao Tong, also aged 42, has experience in management roles within the company and has been involved in various capacities since 2009 [4].

Core Viewpoint - Tianjiao Biotechnology Co., Ltd. has completed its IPO counseling registration and is preparing for its listing on the New Third Board, with a structured four-phase approach to ensure compliance and governance [2][4]. Group 1: Company Overview - Tianjiao Biotechnology was established in December 2004, with a registered capital of 51.03 million yuan, located in Heze City, specializing in the research, production, and sales of food ingredients [4]. - The company has received multiple accolades, including being recognized as a national high-tech enterprise and a leading enterprise in Shandong Province's "Top Ten" industrial clusters [4]. - The controlling shareholder is Shandong Tianjiu Industrial Group Co., Ltd., which holds 82.39% of the shares, with the actual controllers indirectly controlling 84.35% of the company [4]. Group 2: Business Operations - Tianjiao Biotechnology focuses on functional powdered oils, solid beverages, and baking materials, with a strong emphasis on R&D [4]. - The company has established a multi-dimensional R&D framework, including six provincial-level R&D platforms and four major R&D centers across China, holding 77 patents, including 22 invention patents [4]. Group 3: Financial Aspects - The company faces risks related to raw material price fluctuations, with direct material costs constituting 84.81%, 83.50%, and 83.81% of the main business costs for 2023, 2024, and the first half of 2025, respectively [5]. - Due to rising product costs, the gross profit margin for the main business decreased to 22.46% in the first half of 2025 [5].

Core Viewpoint - The Hunan Provincial Market Supervision Administration has issued a consumer alert regarding the risks associated with functional foods claiming to "cleanse the intestines" and "aid in weight loss," highlighting the illegal addition of senna leaves in these products, which pose health risks to consumers [1][2]. Group 1: Risks of Illegal Additives - The high-risk product categories for illegal addition of senna leaves are primarily those claiming "laxative," "weight loss," and "detoxification," with the highest risk found in substitute teas and weight loss teas, where 90% of illegal addition cases are concentrated [2] - Other products such as enzyme plums and fiber gummies also present significant risks, targeting different consumer groups with misleading claims of "natural fermentation" and "zero-calorie snacks" [2] - Solid beverages, tablet candies, and functional drinks are also at risk, often misleading consumers with false advertising about "imported ingredients" and "no additives," while concealing illegal components like senna leaf extracts [2] Group 2: Consumer Awareness and Identification - Consumers can identify and prevent the purchase of products containing illegal additives by looking for key indicators, such as claims of "3-day laxative" or "7-day detox," which likely indicate illegal additions [2] - To verify product safety, consumers should check for the "blue hat" symbol and the "National Food Health Registration" number on health foods, as ordinary foods claiming health benefits are illegal [3] - It is recommended to purchase from reputable pharmacies, large supermarkets, or official online stores to ensure product traceability and after-sales support, while avoiding high-risk channels like personal purchases and unregulated online platforms [3]

Core Viewpoint - Anji Food (603696.SH) has experienced significant stock price fluctuations, with a cumulative increase of over 20% in two consecutive trading days, prompting a risk warning to investors [1][2]. Group 1: Stock Performance - The stock price of Anji Food increased by 46.39% over four consecutive trading days, significantly higher than the industry and Shanghai Composite Index [1]. - As of December 5, 2025, the stock closed at 19.47 CNY per share, marking a new high since July 16, 2018, with a market capitalization of 4.579 billion CNY [2]. - The average price-to-earnings (P/E) ratio for the seasoning industry is 31.18, while Anji Food's current P/E ratio stands at 113.80, indicating a substantial premium over its peers [1]. Group 2: Trading Metrics - The turnover rates for Anji Food's stock from December 1 to December 5, 2025, were 9.03%, 11.65%, 25.99%, 19.79%, and 10.45%, with an average turnover rate of 9.97%, reflecting high trading activity [1]. - The stock's trading volume on December 5 was 24 million shares, with a trading value of 4.6 million CNY [4]. Group 3: Company Operations and Financials - Anji Food's production and operational conditions remain normal, with no significant changes in the internal or external business environment [2]. - For the first three quarters of 2025, the company reported a revenue of 467 million CNY, a year-on-year increase of 3%, and a net profit attributable to shareholders of 23.22 million CNY, up 8.95% [6]. - In the third quarter, the company achieved a revenue of 180 million CNY, a 7% increase year-on-year, while the net profit decreased by 25.27% to 9.43 million CNY [6][7]. Group 4: Market Influences - The recent stock price increase is attributed to favorable policies in Fujian Province supporting local food businesses, which positively impacts Anji Food [6]. - The company received a regulatory letter from the Fujian Securities Regulatory Bureau for compliance issues, which included accounting and fundraising violations [6].

Core Viewpoint - The State Administration for Market Regulation has conducted a special inspection of food sold online during the "Double Eleven" shopping season, completing a total of 3,347 inspections to ensure consumer safety in the market [1] Group 1: Inspection Overview - The special inspection covered 11 major online platforms, including Douyin, Kuaishou, and Taobao (including Tmall), and involved 2,288 live streaming rooms [1] - The inspection focused on 23 categories of food products, including convenience foods, alcoholic beverages, and pastries, which are heavily promoted during the shopping season [1] Group 2: Findings and Issues - No non-compliant samples were found in categories such as grain processing products and biscuits; however, issues of adulteration were identified in products like sweet potato vermicelli [1] - Some products claiming weight loss benefits, such as certain candies, substitute teas, and solid beverages, were found to contain laxative components like sennoside A and sennoside B [1] Group 3: Regulatory Actions and Consumer Advice - The State Administration for Market Regulation has urged local market regulatory departments to investigate and address the non-compliant food products to control food safety risks and enforce accountability [1] - Consumers are advised to choose platforms and merchants with complete qualifications when purchasing food online and to carefully check food production licenses and ingredient lists, avoiding exaggerated claims such as "extreme low prices" and "miraculous effects" [1]

Core Viewpoint - The article highlights the proactive measures taken by the State Administration for Market Regulation to ensure food safety during the "Double 11" online shopping festival by conducting a special inspection of food sold online [1] Group 1: Inspection Details - A total of 3,347 batches of food products were inspected across 11 major online platforms, including Douyin, Kuaishou, and Taobao (including Tmall) [1] - The inspection covered 2,288 online live streaming rooms and focused on 23 categories of food, including convenience foods, alcoholic beverages, and pastries [1] Group 2: Findings and Issues - No non-compliant samples were found in categories such as grain processing products and biscuits [1] - However, issues were identified with sweet potato vermicelli, which was found to be adulterated, and some weight-loss claims in candies, herbal teas, and solid beverages contained laxative components such as sennoside A and sennoside B [1] Group 3: Regulatory Actions and Consumer Advice - The State Administration for Market Regulation has urged local market regulatory departments to investigate and address the non-compliant food products found during the inspections [1] - Consumers are advised to choose platforms and merchants with complete qualifications when purchasing food online and to carefully check food production licenses and ingredient lists, avoiding exaggerated claims such as "extreme low prices" and "miraculous effects" [1]

Core Insights - The article highlights the implementation of a special inspection by the State Administration for Market Regulation to ensure food safety during the "Double 11" online shopping festival [1] Group 1: Inspection Overview - A total of 3,347 batches of food products were inspected across 11 major online platforms, including Douyin, Kuaishou, and Taobao (including Tmall) [1] - The inspection covered 2,288 online live streaming rooms and focused on 23 categories of food, including convenience foods, alcoholic beverages, and pastries [1] Group 2: Findings and Issues - No non-compliant samples were found in categories such as grain processing products and biscuits [1] - However, issues were identified with sweet potato vermicelli, which was found to be adulterated, and some weight-loss claims in candies, herbal teas, and solid beverages that contained laxative components such as sennoside A and B [1] Group 3: Consumer Guidance - The market regulation department advises consumers to choose platforms and merchants with complete qualifications when purchasing food online [1] - Consumers are encouraged to carefully check food production licenses and ingredient lists, and to be wary of exaggerated claims such as "extreme low prices" and "miraculous effects" [1]

Core Viewpoint - The State Administration for Market Regulation has conducted a special inspection of food sold online during the "Double Eleven" shopping season, completing a total of 3,347 batches of tests [1] Group 1: Inspection Overview - The special inspection covered 11 major online platforms, including Douyin, Kuaishou, and Taobao (including Tmall), and involved 2,288 live streaming rooms [1] - The inspection focused on 23 categories of food products, including convenience foods, alcoholic beverages, and pastries, which are heavily promoted during this shopping season [1] Group 2: Findings - No non-compliant samples were found in categories such as grain processing products and biscuits [1] - Issues were identified with sweet potato vermicelli, which was found to be adulterated, and some weight-loss claimed candies, herbal teas, and solid beverages contained laxative components such as sennoside A and B [1] Group 3: Regulatory Actions - The State Administration for Market Regulation has urged local market regulatory departments to conduct investigations and take action against the non-compliant food products to control food safety risks and enforce food safety responsibilities [1] Group 4: Consumer Guidance - Consumers are advised to choose platforms and merchants with complete qualifications when purchasing food online and to carefully check food production licenses and ingredient lists, avoiding exaggerated claims such as "extreme low prices" and "miraculous effects" [1]

Core Viewpoint - The State Administration for Market Regulation has conducted a special inspection of food sold online during the "Double Eleven" shopping season, completing a total of 3,347 inspections across major platforms [1] Group 1: Inspection Details - The special inspection covered 11 major online platforms, including Douyin, Kuaishou, and Taobao (including Tmall), and involved 2,288 live streaming rooms [1] - The inspection focused on 23 categories of food products, including convenience foods, alcoholic beverages, and pastries [1] Group 2: Findings - No non-compliant samples were found in categories such as grain processing products and biscuits [1] - Issues were identified with sweet potato vermicelli, which was found to be adulterated, and some weight-loss claims in candies, herbal teas, and solid beverages contained laxative components such as sennoside A and sennoside B [1] Group 3: Regulatory Actions - The State Administration for Market Regulation has urged local market regulatory departments to investigate and address the non-compliant food products found during inspections, aiming to control food safety risks and enforce food safety responsibilities [1] - Consumers are advised to choose platforms and merchants with complete qualifications and to carefully check food production licenses and ingredient lists, avoiding exaggerated claims such as "extreme low prices" and "miraculous effects" [1]