打造"供销集 市"，焕新广州 西关烟火气_南 方+_南方plus 1月10日，由广 州供销投资控股 集团主办的"供 投优选・赋 能'百千万工 程'"活动（以下 简称"活动"）在 体验与惠民消费 场景，让西关烟 火气在新年新气 象中愈发浓郁。 "供投优选・赋能'百千万工程'"活动在广州古玩城广场焕新启幕 活动有关负责人 表示，此次活动 作为广州供销投 资控股集团深入 贯彻中华全国供 销合作社第八次 代表大会精神、 打造"供销集 市"助销品牌的 务实实践，旨在 将供销文化与民 生服务深度绑 定，进一步提 升"供投"品牌价 值，为"百千万 工程"注入供销 动能。 据了解，广州供 销投资控股集团 以资源整合为抓 手、模式创新为 动力，助力土产 日杂、海珠典 当、长寿典当、 红棉凉果、生茂 泰茶叶等承载岁 月记忆的老企 业、老品牌，在 新时代重焕新生 机、展现新活 力。本次活动是 广州供销投资控 股集团组建后迈 入集团化运营新 阶段的全新亮 广州古玩城广场 焕新启幕。活动 以打造"有温 度、有滋味、有 实惠"的"供销市 集"为主题，深 度融合广府文化 解西关汤品的历 史渊源、养生功 效与食材搭配技 巧，同时展示陈 列核 ...

Investment Rating - The report assigns a "Buy" rating to the company, with a target market value of 10.5 HKD, corresponding to a 17x PE for 2025 [2][4]. Core Insights - The kitchen staple industry, where the company operates, is a large and continuously growing market, with significant potential for increased concentration. The company focuses on rice and corn, both of which are substantial markets with clear growth trends. The market for pre-packaged and premium products is growing faster than the overall industry [1][4]. - The company has a diverse product matrix and a multi-channel distribution network that covers the entire country. Its flagship brands, "October Rice Field" and "Chaihuo Dayuan," have high repurchase rates on platforms like JD.com, and the company has established strong partnerships with offline distributors [1][4]. Summary by Sections Company Overview - October Rice Field was founded in 2005, initially focusing on grain trading. The brand was established in 2011, and the company went public on the Hong Kong Stock Exchange in October 2023 [19][20]. Industry Analysis - The kitchen staple food industry in China is projected to grow from 18 trillion CNY in 2018 to 21.96 trillion CNY by 2027, with a CAGR of 3.3%. The growth is driven by product expansion and the development of various sales channels [31][35]. - The corn and miscellaneous grains categories are expected to be the main growth drivers, with corn growing at a CAGR of 9.4% from 2018 to 2022 [35][37]. Investment Logic - The company has a rich product matrix, with rice as its core product and corn as a growing segment. The company is expanding its product offerings and has seen significant revenue growth in its miscellaneous grains and dried goods categories [56][62]. - The company has established a flexible and diverse sales network, successfully transitioning from online to offline channels, with significant growth in modern supermarkets and direct customer sales [61][62]. Profit Forecast and Valuation - Revenue is projected to grow from 6.99 billion CNY in 2025 to 9.94 billion CNY in 2027, with net profit expected to increase from 603 million CNY to 861 million CNY during the same period. The overall gross margin is anticipated to improve as the company expands its product lines [2][70].

Group 1 - The super typhoon "Haikui" has entered the South China Sea, prompting Shenzhen's deep agricultural group to enhance its agricultural product supply guarantee efforts to stabilize the "vegetable basket" for citizens [2] - At the Futian Agricultural Wholesale Market, the daily incoming supply of goods reached 3,000 tons, with emergency supply capacity increased to 5,500 tons per day [2] - From September 16 to 22, the average daily supply volume at the market ranged between 2,800 to 3,300 tons, with specific daily supplies including 1,000 tons of vegetables, 600 tons of fruits, 500 tons of pork, beef, lamb, and frozen products, 100 tons of poultry and seafood, and 800 tons of grains, oils, dried goods, and seasonings [2] Group 2 - The deep agricultural group reported that from September 15, the vegetable incoming volume reached nearly 5,600 tons per day, with over 5,400 tons recorded on September 22 and over 7,000 tons on September 23 [3] - The market has a stockpile of 3,500 tons on-site, over 2,000 tons in surrounding cold storage, and over 5,800 tons in transit, ensuring a robust three-tier supply reserve system [3] - The Bujie Agricultural Wholesale Market also initiated supply guarantee operations, with a daily vegetable supply of approximately 150 tons and over 25 tons of pork available daily [2][3]

Core Viewpoint - The Hong Kong Stock Connect index has undergone a regular adjustment, with 20 stocks added and 20 removed, including the family food innovation brand October Rice Field, which was removed due to liquidity concerns and not meeting market capitalization requirements for the Hang Seng Index [1][2]. Company Overview - October Rice Field, established in 2011, primarily produces and sells pre-packaged high-quality rice, corn, grains, beans, and dried goods, with brands including October Rice Field, Chaihuo Dayuan, and Fuxiang Renjia [2][4]. - The company has recently upgraded its brand positioning to "family food innovation brand," indicating a strategic shift and a restructured brand value [6][10]. Financial Performance - For the first half of 2025, October Rice Field reported revenue of RMB 3,063.5 million, a year-on-year increase of 16.9%, and an adjusted net profit of RMB 294.3 million, a significant increase of 97.7% [3][4]. - The revenue from rice products was RMB 2,066 million, up 21.0%, while corn products generated RMB 433 million, becoming the second core category [4]. Product and Market Strategy - The company has diversified its product offerings beyond rice to include corn, grains, and various family food items, creating a multi-category matrix [4][6]. - October Rice Field has been actively innovating products to meet consumer demands, such as introducing healthy snack options and expanding into instant retail [6][8]. Distribution and Supply Chain - The company has established a comprehensive distribution network, collaborating with over 40 major e-commerce platforms and nearly 100 supermarkets, while also focusing on instant retail to capture market opportunities [8][10]. - October Rice Field has developed a robust supply chain that integrates procurement, storage, production, sales, and logistics, ensuring the stable output of quality products [8][10]. Industry Position - October Rice Field has served 140 million Chinese households and has led the sales of Northeast rice and corn products in China for six consecutive years [10]. - The company aims to leverage new health-focused policies and its established market presence to enhance its brand value and drive high-quality growth [10].

Group 1 - The article highlights the increased food safety risks during the rainy season in China, emphasizing the need for consumers to be cautious about certain food items that may pose health hazards [1] - It identifies specific food items that should be discarded or handled with care, including frozen products that have undergone thawing and refreezing, as well as moisture-affected grains and packaged beverages with damaged seals [3][4][5] - The article advises on proper food storage practices, such as not overfilling refrigerators and separating raw and cooked foods to prevent contamination [8] Group 2 - It discusses the dangers of consuming dry goods that have been exposed to floodwaters, recommending that such items be discarded due to their high absorbency and potential for contamination [6] - The article emphasizes the importance of discarding dairy products that have been stored above safe temperatures for extended periods, as harmful microorganisms can proliferate rapidly [7] - Expert insights from Wang Xian, a food safety supervisor, underline the significance of adhering to food safety guidelines during adverse weather conditions [9]

Group 1: Company Overview and Product Range - The company focuses on the research and development of modified rubber and plastic materials, emphasizing sealing and vibration reduction functions across various industries [1] - Key application areas include rail transportation, automotive, construction, and shipping, with specific products such as tunnel sealing rubber, vehicle sealing components, and marine vibration parts [1][2] Group 2: Future Business Outlook - The company aims to strengthen its market position in the automotive, rail transportation, construction, and shipping sectors while exploring new markets and products [2] - There is a strategic focus on emerging industries such as new energy vehicles, energy storage, wind power, photovoltaics, and hydrogen energy to gain a competitive edge [2] Group 3: Contract with Sailaf Energy - The company’s subsidiary, Haida New Energy, signed a procurement framework contract with Anhui Sailaf Energy, with an expected total procurement volume of 3.7GW of products by June 30, 2026 [2] - The newly developed short-frame products are designed to enhance safety and reliability, with features that improve light exposure and increase energy generation [2]

Core Points - The ACE Asia Restaurant Exhibition has established the "ACE Global Procurement Alliance" to facilitate international cooperation in the restaurant and food supply chain [1][3] - The alliance aims to provide comprehensive outbound services for the domestic food industry, covering 160 countries, and to connect high-quality overseas resources with the domestic restaurant industry [1][3] - An international procurement list covering 15 categories of food products has been launched, including seafood, meat, vegetables, fruits, grains, beverages, and organic foods [1][2] Group 1: Procurement Alliance - The ACE Global Procurement Alliance will serve as a platform for efficient cooperation in the global restaurant supply chain [1][3] - The procurement list is expected to reach a scale of hundreds of millions of US dollars, with plans to promote procurement cooperation over the next year [3] - The third ACE Asia Restaurant Exhibition will host a thousand-person precise matching event and a centralized signing ceremony to facilitate effective contracts [3] Group 2: Product Categories - The procurement list includes categories such as seafood (frozen fish, shrimp, crab), meat products (frozen pork, beef, chicken), and various vegetables and fruits [2] - Other categories in the procurement list include grains and oils, condiments, beverages, snacks, dairy products, and specialty foods [2] - The alliance emphasizes compliance with import standards, such as halal certification for certain markets [2] Group 3: Exhibition Highlights - The ACE Asia Restaurant Exhibition is recognized for its internationalization and effectiveness, achieving a high exhibitor repurchase rate of over 92% [13] - The exhibition aims to address market expansion challenges faced by companies in the food industry by providing valuable resource connection opportunities [13] - The event is supported by the Shandong Provincial Council for the Promotion of International Trade and the Jinan Municipal Government [13]