截至9月30日，安井食品股东户数6.32万，较上期增加78.56%；人均流通股4641股，较上期减少 43.98%。2025年1月-9月，安井食品实现营业收入113.71亿元，同比增长2.66%；归母净利润9.49亿元， 同比减少9.35%。 1月6日，安井食品涨1.62%，成交额3.69亿元。两融数据显示，当日安井食品获融资买入额2562.46万 元，融资偿还1673.92万元，融资净买入888.54万元。截至1月6日，安井食品融资融券余额合计4.44亿 元。 融资方面，安井食品当日融资买入2562.46万元。当前融资余额4.34亿元，占流通市值的1.79%，融资余 额低于近一年40%分位水平，处于较低位。 融券方面，安井食品1月6日融券偿还400.00股，融券卖出800.00股，按当日收盘价计算，卖出金额6.62 万元；融券余量12.19万股，融券余额1008.49万元，超过近一年70%分位水平，处于较高位。 资料显示，安井食品集团股份有限公司位于福建省厦门市海沧区新阳路2508号,香港湾仔皇后大道东183 号合和中心46楼，成立日期2001年12月24日，上市日期2017年2月22日，公司主营业务涉及安 ...

□王惠莲 刚到美国的时候，我们住的北加州小城还没有华人超市。过年想吃饺子了，也不知道去哪里买韭菜。后 来听班上的同学说，20英里外的里士满市有间叫"大华99"的华人超市，我就让先生开车带我去了。 从我们家出发，沿着80号公路向南开，大约20分钟就到了。 小女婿有一次把我包的锅贴带到了单位，还没来得及放微波炉加热，就被抢光了。 超市在一间购物中心里面，进去之后，满眼都是中国人，满耳都是中国话，普通话、广东话、上海话、 闽南话……货架上摆的也都是中国货。什么老陈醋、小笼包、速冻水饺、手抓饼……不说应有尽有，但 至少可以慰藉一下"中国胃"，一解思乡愁。 只可惜，找了半天，没有找到花椒。 回到家，我把韭菜摘洗干净，晾干切碎了，把肉馅倒进盆里，准备打馅。这是我从小打母亲那里学来 的，包饺子前，要先用花椒水顺着一个方向，把馅打成肉糊糊，然后再往里面放盐、姜末、酱油、香油 和韭菜。这样包出来的饺子，一口咬下去，汁水四溢，齿颊留香。如果不"打"的话，馅容易柴，不好 吃。 问题是，我没买到花椒，怎么办？换一样行不行？换什么呢？想了半天，家里有的，比白开水有味道 的，就只有先生爱喝的啤酒了。反正啤酒也能提鲜，就用啤酒打吧，谁让美 ...

（来源：光明日报） 转自：光明日报 云南省大理州南涧县小湾东镇居民在赶集。新华社发 顾客在浙江省建德市乾潭镇"万乐"乡村市集上选购商品。新华社发 山东省临沂市临沭县曹洼大集一角。禚从杰 摄/光明图片 【文旅观察】 火了，这个农贸大集！单日超10万人涌入，超4亿人次网友线上围观，江苏、安徽等地游客跨省"逛 吃"……这一次，泼天的流量，给到了山东临沭县的曹洼大集。 除了曹洼大集，北京的永宁大集、沙河大集吸引大量消费者，沈阳蒲河大集、青岛泊里大集等都曾 在社交平台冲上热搜。 "走，去赶集！"俨然成为新的潮流和时尚。 当人们在赶集时，"赶"的是什么 在网购已深深"嵌"入人们生活的时代，线下的传统农贸大集缘何走红？今天，当人们去赶集，到底 在"赶"些什么？走，且随我们去这些热闹欢腾的大集一探究竟。 单日超10万人涌入，"去赶集"成时尚 "热乎的手抓饼，五块钱一份！""一块钱俩牛肉包"……来到曹洼大集，一下子就被热闹的吆喝声叫 卖声和满溢在空气中的各种香味围裹。岁尾的脚步越近，寒意也越发浓了，早上七点多记者来到大集 时，这里已是人头攒动。 羊肉汤摊位上，热气升腾。刚煮出来的羊肉切开，放进滚烫的羊肉汤里，喝上一口，那叫一个 ...

Investment Rating - The industry investment rating is "Increase" [4][32]. Core Viewpoints - The frozen food industry is expected to see demand recovery, with product innovation playing a crucial role in overcoming challenges [6][29]. - The revenue from the downstream catering sector is anticipated to maintain a recovery trend in 2026, while profit margins are expected to gradually improve due to cost control and product innovation [6][29]. - The market size of China's frozen food sector is projected to reach 213.1 billion by 2025, up from 168.8 billion at the end of 2022 [8]. Summary by Sections Industry Overview - The frozen food industry faced a slowdown in growth during the first three quarters of 2025 due to fluctuations in catering demand and other adverse factors, but signs of recovery were noted in Q4 [6][29]. - The total market value of the industry is approximately 45,795.07 billion [1]. Market Trends - The national catering revenue from January to October 2025 reached 46,188 billion, showing a year-on-year growth of 3.3% [7]. - The chain rate in the catering industry is expected to rise to 25% in 2025, indicating significant room for growth compared to the U.S. and Japan [8]. Product Performance - In the first half of 2025, the frozen food category in supermarkets grew by 5%, contrasting with a decline of 9.5% in the same period last year [9]. - There is a structural shift in the market, with traditional staple categories under pressure while snack categories like pizza and frozen dim sum show strong growth potential [9]. Channel Development - The frozen food companies are actively responding to the demand from large chain supermarkets, leading to an increase in sales through these channels [15]. - New retail channels are also showing significant growth, contributing to the overall performance of the industry [15]. Cost and Profitability - The prices of most food raw materials have decreased, alleviating some cost pressures for frozen food companies, although packaging costs remain high [21]. - The combined revenue growth of key companies in the frozen food sector was 3.0% year-on-year for the first three quarters of 2025, with a notable acceleration in Q3 [29]. Company-Specific Insights - Anjiu Foods is expected to benefit from the gradual recovery in catering and the continuous expansion of new customers, leading to a potential increase in profitability [31]. - Qianwei Yangchu is focusing on product innovation and expanding its market presence through both B2B and B2C channels, indicating strong long-term growth potential [31]. - Lihai Foods is actively developing new products and strengthening partnerships with key clients, positioning itself well for future growth in the baking sector [31].

Core Viewpoint - Furen Food is facing severe operational challenges, including factory shutdowns, executive departures, and legal issues, leading to a potential collapse of the once-thriving frozen food company [1][4][5]. Group 1: Operational Issues - Furen Food's factory in Niling County is reportedly inactive, with no shipments or workers present, indicating a complete halt in operations [2][4]. - The company has seen a significant turnover in its management, with key executives leaving as early as 3-4 months prior to the current crisis [2][4]. - The chairman, Zhang Yaowen, has been listed as a person subject to enforcement by the court, with the company facing over 2.25 million yuan in legal claims from January to October 2025 [2][5]. Group 2: Financial Distress - Furen Food's bank accounts may be frozen, and the company is at risk of asset liquidation due to unpaid debts to suppliers and distributors [4][5]. - Reports indicate that the company has been unable to pay employee salaries, leading to a significant number of staff being forced to take unpaid leave [2][4]. Group 3: Company Background - Established in 2004, Furen Food is a subsidiary of Henan Guiyou Industrial Group and has a diverse product line in the frozen food sector, including dumplings, pastries, and meat products [6][7]. - The company once achieved annual sales exceeding 100 million yuan and was recognized as a key agricultural enterprise in Henan province [6][7]. Group 4: Expansion and Market Challenges - Furen Food attempted various expansion projects, including overseas investments in agricultural resources, which ultimately did not yield expected returns and strained financial resources [9][10]. - The company has faced increasing competition and market challenges, including a slowdown in consumer demand for frozen foods and aggressive price wars within the industry [11][13].

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]

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 ...

Group 1 - The Henan province successfully signed intention orders for 385,000 tons of grain with a transaction amount of 1.15 billion yuan during the 21st Grain Production and Marketing Cooperation Conference [1] - Over 500 grain and oil enterprises participated in the conference, showcasing nearly 100 products, including frozen foods and intelligent grain storage equipment [1] - The "Meiyu Grain and Oil" promotion event highlighted the quality of Henan's grain products, attracting significant interest from buyers [2] Group 2 - The focus on promoting high-quality wheat from Jiaozuo, which is a core breeding base in the Huang-Huai-Hai region, with an annual production of 400 million kilograms of quality wheat seeds [2] - The promotion of the Huai Chuan 66 high-quality special strong gluten wheat, which fills a gap in the market for noodle-specific wheat in China [2] - The Henan Grain and Material Reserve Bureau plans to continue leveraging the "Meiyu Grain and Oil" brand to expand the reach of Henan's quality grain products nationwide [2]

Core Viewpoint - Anjiu Foods has established itself as a leading player in the frozen food industry, with a robust supply chain and a diverse product range that caters to various market segments, including restaurants and retail stores, achieving significant revenue growth even amid industry challenges [2][7][14]. Group 1: Company Overview - Anjiu Foods operates 12 production bases across China, covering 97% of prefecture-level cities, and supplies over 100,000 restaurants and retail outlets [2][8]. - The company has maintained a revenue scale in the hundreds of millions for the past three years, reporting revenue of 15.127 billion yuan and a net profit of 1.485 billion yuan last year [2][14]. - Anjiu Foods plans to pursue a dual listing on the A-share and Hong Kong stock exchanges to enhance its international presence and financing capabilities [3][23]. Group 2: Business Strategy and Growth - The company has successfully differentiated itself by focusing on hot pot ingredients and pre-prepared dishes, leveraging its strong supply chain and production capabilities [8][12]. - Anjiu Foods has adopted a strategy of "production and sales integration," ensuring stable raw material supply while expanding its product offerings and sales channels [13][18]. - The company has seen significant growth in its pre-prepared food segment, which has become its second-largest business line, contributing to its overall revenue growth [20][21]. Group 3: Market Expansion and Internationalization - Anjiu Foods has initiated international expansion efforts, including acquiring a majority stake in a UK-based company to penetrate the European market [22][25]. - The company established an import-export department and is setting up local production facilities in Southeast Asia to enhance its global footprint [25][26]. - From 2021 to 2023, Anjiu's overseas revenue has shown substantial growth, indicating a successful entry into international markets [25][26].