Core Insights - Anjiu Food's stock price increased by 2.11% on November 13, reaching 82.93 CNY per share, with a trading volume of 544 million CNY and a market capitalization of 27.64 billion CNY [1] Company Overview - Anjiu Food Group Co., Ltd. is based in Xiamen, Fujian Province, China, and was established on December 24, 2001. The company went public on February 22, 2017. It 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 increased by 78.56% to 63,200, while the average circulating shares per person decreased by 43.98% to 4,641 shares. For the first nine months of 2025, Anjiu Food reported a revenue of 11.371 billion CNY, a year-on-year increase of 2.66%, and a net profit attributable to shareholders of 949 million CNY, a decrease of 9.35% [3] - Anjiu Food has distributed a total of 3.219 billion CNY in dividends since its A-share listing, with 2.521 billion CNY 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. The eighth largest shareholder is Zhonggeng Value Pioneer Stock, holding 4.3055 million shares, down by 113,500 shares [4]

Core Insights - Anjiu Food's stock price increased by 2.00% on November 5, reaching 75.30 CNY per share, with a total market capitalization of 25.097 billion CNY [1] Company Overview - Anjiu Food Group Co., Ltd. is based in Xiamen, Fujian Province, China, and was established on December 24, 2001, with its listing date on February 22, 2017 [2] - 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 increased by 78.56% to 63,200, while the average circulating shares per person decreased by 43.98% to 4,641 shares [3] - For the period from January to September 2025, Anjiu Food reported a revenue of 11.371 billion CNY, reflecting a year-on-year growth of 2.66%, while the net profit attributable to shareholders decreased by 9.35% to 949 million CNY [3] Dividend and Shareholding - Anjiu Food has distributed a total of 3.219 billion CNY in dividends since its A-share listing, with 2.521 billion CNY distributed over the past three years [4] - 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 [4]

Core Points - The Anqing Market Supervision Administration conducted a special food safety inspection, collecting 91 samples from 12 categories of food products based on consumer preferences [2] - Out of the 91 samples tested, 89 were found to be compliant with food safety standards, while 2 samples were deemed non-compliant [2] - The local market supervision authorities have initiated investigations and actions regarding the non-compliant food products [2] Summary of Inspection Results - **Total Samples Collected**: 91 - **Compliant Samples**: 89 - **Non-Compliant Samples**: 2 - **Categories Inspected**: Included edible agricultural products, edible oils, aquatic products, frozen foods, tea and related products, pastries, grain processing products, convenience foods, dairy products, nuts, egg products, and alcoholic beverages [2] Non-Compliant Products - **Product 1**: Banana from Anqing Daguang District Xiaolu Vegetable Shop, detected with pesticide residue (0.082 mg/kg, standard ≤0.02 mg/kg) [2] - **Product 2**: Yellow chili from Qianshan City Nie's Aquatic Products, detected with antibiotic residue (156 µg/kg, standard ≤100 µg/kg) [2] Compliant Products - Various compliant products included: - Qimen Kung Fu Black Tea from Anhui Province Xin Xu Tang Tea Co., Ltd. - Huangshan Green Tea from Anhui Province Tian Xu Tea Co., Ltd. - Various types of peanuts and eggs from different manufacturers [2][3]

Core Viewpoint - The article emphasizes that "customer" is the eternal "first principle" in retail, highlighting Walmart's focus on understanding and meeting customer needs as the core of its strategy [2][17]. Group 1: Community Store Concept - Walmart's community store is a new initiative aimed at transforming its brand and better serving urban middle-class customers, which number approximately 175 million [7][12]. - The community store concept is not just a trend but a necessary response to evolving consumer demands for convenience and accessibility [13][16]. - The store's design and product offerings reflect a commitment to customer preferences, with a focus on high-frequency, everyday items [11][22]. Group 2: Customer-Centric Approach - Walmart's strategy revolves around the principle of "customer first," which guides all decisions and actions, ensuring that the company remains aligned with consumer needs [19][23]. - The company has conducted multiple customer surveys to refine its product selection and service delivery, demonstrating a commitment to continuous improvement based on customer feedback [9][10]. - Walmart's understanding of its customer base is clear, focusing on providing value and quality that meet or exceed customer expectations [12][20]. Group 3: Product Strategy - Walmart's approach to private label products is unique; rather than focusing solely on increasing the share of private brands, the emphasis is on delivering quality that meets customer expectations [10][11]. - The company collaborates with leading brands and manufacturers to offer a diverse range of products, ensuring that customers have access to both private label and branded items [12][15]. - The focus is on the intrinsic value of products rather than just sales metrics, with customer satisfaction being the primary measure of success [20][22]. Group 4: Omnichannel Strategy - Walmart's community stores are part of a broader omnichannel strategy, integrating online and offline shopping experiences to meet diverse consumer needs [15][16]. - The company operates under a "one inventory" model, where products are available across different store formats and online platforms, ensuring consistency and convenience for customers [15][16]. - This strategy allows Walmart to cater to various shopping preferences, from large store experiences to quick community store visits, enhancing overall customer satisfaction [16][23].

承董事會命 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 ANJOY FOODS GROUP CO., LTD. 安井食品集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2648） 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲 載 列 安 井 食 品 集 團 股 份 有 限 公 司（「 本公司 」）在 上 海 證 券 交 易 所 網 站 ( www.sse.com.cn )刊登的本公司2025年半年度報告（A股），僅供參閱。 安井食品集團股份有限公司 董事長兼執行董事 劉鳴鳴先生 中國廈門，2025年8月25日 於本公告日期，本公司董事會成員包括：(i)執行董事劉鳴鳴先生、張清苗先生、 章高路先生及黃建聯先生；(ii)非執行董事鄭亞南博士及戴凡先生；及(iii)獨立非 執行董事張梅女士、劉曉峰博士、趙蓓博士及張躍平先生。 公司代码：603345 公司简称：安井食品 2025 年半年度报告 ...