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年年度報告摘要（A股），僅供參閱。 承董事會命 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，2026年3月30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、戴凡先生及張光璽先生； 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。 安井食品集团股份有限公司 2025 年年度报告摘要 1 ...

Core Viewpoint - The article highlights the unique journey of the baking brand "日尝叶子家" (Ri Chang Ye Zi Jia), which has successfully established itself in the competitive baking industry by focusing on quality ingredients, handmade products, and a deep connection to local consumer needs, rather than chasing trends or rapid expansion [2][4][10]. Group 1: Brand Origin and Development - The founder, Ye Zi, started the brand out of a personal desire to provide healthy, additive-free baked goods for her children, leading to the opening of the first store in 2016 [5][7]. - Over ten years, the brand has expanded to nine stores and built a team of over 130 people, serving thousands of families in Jiaxing [4][12]. Group 2: Market Strategy and Product Focus - The brand initially attempted to capitalize on the sudden popularity of traditional Chinese pastries in 2020 but faced significant challenges, leading to the closure of a sub-brand due to lack of proper brand positioning and supply chain [9][10]. - After this experience, the brand refocused on its core values of quality and craftsmanship, emphasizing the use of premium ingredients and handmade processes [12][13]. Group 3: Unique Product Offerings - The brand's signature product, the snow mochi (雪媚娘), has been a bestseller for ten years, made with fresh, handmade rice skins and seasonal fillings, ensuring a consistent yet innovative product experience for customers [15][23]. - The brand also offers unique items like handmade shao mai (烧麦), integrating everyday food into the bakery concept, which resonates with local consumers [17][22]. Group 4: Operational Excellence - The brand has established a central kitchen to maintain quality control across its nine locations, ensuring that all products are freshly baked and consistent in quality [34]. - The management structure empowers store managers with significant autonomy, fostering a strong team culture and effective communication, which is crucial for multi-store operations [37][39]. Group 5: Future Aspirations - The founder expresses a commitment to continuous improvement and innovation in product offerings, aiming to elevate the brand's quality and maintain a strong connection with customers [39].

Core Insights - The "Intangible Cultural Heritage Festival Menu" released by Dongcheng District serves as a guide for citizens and tourists to explore the area during the Spring Festival, integrating intangible cultural heritage with cultural tourism resources [1][13] - Traditional temple fairs at Ditan and Longtan continue to showcase the charm of traditional customs, featuring unique cultural products and creative gifts [3] - Popular commercial areas like Wangfujing, Longfu Temple, and Qianmen become platforms for showcasing intangible cultural heritage, with live demonstrations and local delicacies [6] Summary by Sections Intangible Cultural Heritage Integration - Dongcheng District's initiative combines intangible cultural heritage with modern consumption scenarios, aiming to deepen connections between citizens and heritage through a well-designed festival menu [13] - The "Intangible Cultural Heritage 101" WeChat platform is utilized to promote the festival menu, making it more accessible to the public [13] Traditional Temple Fairs - Ditan Temple Fair features a "New Year Gift Fair" showcasing cultural and creative products, while Longtan Temple Fair presents selected intangible heritage items and creative gifts [3] Commercial Areas as Cultural Platforms - Wangfujing Street hosts live demonstrations of traditional hat-making, while Longfu Temple offers health coffee and a treasure hunt experience for young visitors [6] - Qianmen Street features local delicacies like Peking duck and dumplings, enhancing the cultural experience through food [6] Thematic Exhibitions and Cultural Events - The "Jingtai Flowing Fragrance" exhibition at the National Grand Theatre highlights the inheritance and innovation of Jingtai blue, allowing visitors to appreciate traditional art [11] - Various exhibitions and events during the Spring Festival connect traditional zodiac culture with contemporary aesthetics, showcasing unique crafts and artworks [7][8] Future Cultural Development - The "15th Five-Year Plan" emphasizes cultural empowerment for economic and social development, marking a new phase in cultural growth [13] - Dongcheng District plans to continue exploring intangible cultural heritage through seasonal events, aiming to integrate heritage into daily life and stimulate cultural innovation [13]

Group 1 - The article highlights community efforts in Hohhot, where local businesses and residents come together to provide warmth and support during the winter season, particularly around the New Year celebrations [6][7] - Local businesses, such as Mantian Shaomai, are actively engaging in social responsibility by donating food to residents, emphasizing the importance of community support and connection [6][7] - Newer businesses like Zhanyun Guanshui are also participating in community welfare by providing essential goods to families in need, showcasing a trend of social responsibility among local merchants [6][7] Group 2 - In Baotou, the community is enhancing the festive atmosphere by mobilizing party members to provide various services, including medical consultations and legal advice, to meet the needs of residents during the New Year [8] - The initiative has seen participation from over 2,000 party members, with many joining service teams to support community welfare [8] Group 3 - Safety measures are being implemented in Qing Shan District to ensure residents have a safe and peaceful New Year, with grid workers conducting thorough safety checks and providing safety education [9] - The community is focusing on fire safety and crime prevention during the festive season, ensuring that vulnerable groups receive care and attention [9] Group 4 - The Inner Mongolia Public Security Traffic Management Department is actively ensuring safe travel during the Spring Festival, employing a collaborative approach to manage traffic and provide services [12][13] - Various safety measures are being taken, including vehicle inspections and emergency response strategies, to maintain road safety during the busy travel season [12][13] Group 5 - In Ordos, a cultural event titled "Celebrating the New Year in the New Era" is being held, integrating traditional customs with modern cultural elements to create a festive atmosphere [14][15] - The event features interactive activities, traditional crafts, and cultural performances, allowing residents to engage with their heritage while celebrating the New Year [14][15][16] - Services such as health consultations and community support are also provided during the event, enhancing the sense of community and care among residents [15][16]

Core Insights - The company, Qingyun Agricultural Technology Research Institute, has successfully developed a market for purslane, a vegetable with medicinal properties, which has not been widely cultivated in China [1][2] - The company plans to expand its production capacity and aims to become the largest purslane processing base in the country, targeting an annual output of 500 tons [3] Group 1: Company Operations - The company was founded in 2015, focusing on agricultural technology, and began working with purslane three years ago after identifying its potential in the local community [1] - The company has established a fully automated processing line for purslane, which includes cleaning, blanching, and drying, significantly reducing labor intensity [2] - In 2023, the company generated nearly 100,000 yuan from the sale of purslane-derived products, with expectations to double sales in the upcoming year [2] Group 2: Market Potential - Purslane can be harvested multiple times a year, with an average yield of 2,000 pounds per acre and a selling price of 0.8 yuan per pound, leading to an annual income of approximately 5,000 yuan per acre [2] - The local market has shown strong demand, with partnerships established with local restaurants and brands, indicating a growing interest in purslane products [3] - The company is actively promoting the cultivation of purslane among local farmers, which has led to increased interest and participation in the market [3]

Group 1 - The "2026 New Spring Festival Goods Fair" in Hohhot aims to promote local agricultural and livestock products, featuring various interactive activities to enhance the festive atmosphere [1][2] - The fair showcases high-quality agricultural products from 12 leagues and cities in Inner Mongolia, including beef, lamb, dairy products, and local specialties, with over a hundred enterprises participating [2] - An online shopping platform has been launched to complement the physical fair, allowing customers to order local products conveniently, ensuring timely delivery before the Spring Festival [2] Group 2 - The event serves as a significant platform for promoting consumption and enhancing the market for local agricultural products, facilitating direct connections between farmers and consumers [3] - Various themed photo spots have been created to blend traditional cultural elements with festive greetings, attracting visitors and enhancing the overall experience [2][3] - The fair is part of a broader initiative by the Inner Mongolia Agricultural and Animal Husbandry Department to promote local products in major cities like Beijing and Shanghai, contributing to increased income for farmers [3]

Core Viewpoint - The "2026 New Year Goods Festival" in Hohhot, Inner Mongolia, aims to promote local agricultural and livestock products while enhancing the festive atmosphere through various activities and offerings [3][5]. Group 1: Event Overview - The festival lasts for 11 days and features a variety of local delicacies, including fish and roasted lamb, to celebrate the New Year [1][3]. - Organized by the Inner Mongolia Agricultural and Animal Husbandry Department, the event aligns with the regional government's initiatives to boost local consumption and promote agricultural products [3][5]. Group 2: Product Offerings - The festival showcases over a thousand types of specialty agricultural and livestock products from 12 leagues in the region, including beef, lamb, dairy products, grains, and local specialties [5]. - An online shopping platform is available, allowing customers to order products that will be delivered before the Spring Festival, ensuring accessibility for those outside the region [5]. Group 3: Cultural Activities - The festival includes cultural elements such as traditional calligraphy and themed photo spots that blend local culture with New Year celebrations, enhancing the overall experience for visitors [7][9]. - Various promotional activities are being held across multiple cities, aiming to connect farmers with markets and boost sales of high-quality agricultural products [9].

Core Viewpoint - The article discusses the growth and challenges of Baba Mantou, a Chinese breakfast chain that has successfully entered the capital market despite operating in a low-margin industry characterized by small businesses and high competition [6][21]. Financial Performance - In the first three quarters of 2025, Baba Mantou reported revenue of 1.356 billion yuan, a year-on-year increase of 12.05%, and a net profit attributable to shareholders of 201 million yuan, up 3.5% year-on-year [8][39]. - The company's total assets as of the end of the reporting period were approximately 2.838 billion yuan, showing a slight decrease of 0.53% compared to the previous year [9]. Business Model and Expansion - Baba Mantou operates a franchise model, with 5,685 franchise stores across various regions in China, allowing for rapid expansion and scale [20][40]. - The company defines itself as a Chinese-style frozen food manufacturer, generating revenue primarily from selling raw materials to franchisees rather than just selling fresh buns [20]. Market Position and Competition - The Chinese bun market is highly fragmented, with the top five companies accounting for only 5.1% of the market share, indicating a low concentration of industry players [36]. - Despite its growth, Baba Mantou faces challenges such as increasing closure rates of franchise stores, which rose from 341 in 2020 to 926 in 2024, attributed to various operational issues [41]. Pricing and Consumer Perception - Baba Mantou's pricing strategy positions its products between 1 to 3 yuan, with some items like the pork soup dumpling priced at 6 yuan, which does not significantly undercut local breakfast shops [42]. - The brand's recognition outside of East China is limited, affecting its competitive edge in other regions [44]. New Initiatives - The company is experimenting with new store formats, such as "Baba Handmade Soup Dumplings," which aim to enhance customer experience and increase average transaction values [44][45].

Group 1 - The core viewpoint of the news is that Anjuke Foods has seen a stock price increase of 5.32%, reaching 89.15 yuan per share, with a total market capitalization of 29.713 billion yuan as of January 19 [1] - Anjuke Foods, established on December 24, 2001, and listed on February 22, 2017, specializes in the research, production, and sales of frozen foods, including products like fish tofu, fish balls, and various frozen dishes [1] - The company's revenue composition 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 [1] Group 2 - According to data, one fund under Jiashi Fund holds a significant position in Anjuke Foods, with Jiashi New Consumption Stock A reducing its holdings by 241,900 shares, now holding 1,204,900 shares, which accounts for 5.66% of the fund's net value [2] - Jiashi New Consumption Stock A has a total scale of 1.478 billion yuan and has experienced a loss of 0.08% this year, ranking 5111 out of 5579 in its category [2] - The fund manager of Jiashi New Consumption Stock A, Tan Li, has been in position for 8 years and 286 days, with the best fund return during this period being 146.21% [3]

Group 1 - The core viewpoint of the news is that Anjuke Foods has shown a positive stock performance with a 10.95% increase year-to-date and significant trading activity, indicating investor interest and market confidence [1][3]. - As of January 15, Anjuke Foods' stock price reached 87.96 yuan per share, with a market capitalization of 29.316 billion yuan and a trading volume of 68.64 million yuan [1]. - The company has experienced a net inflow of main funds amounting to 1.0703 million yuan, with large orders contributing significantly to both buying and selling activities [1]. Group 2 - Anjuke Foods, established on December 24, 2001, and listed on February 22, 2017, specializes in the research, production, and sales of frozen foods, including various types of fish products and ready-to-eat meals [2]. - The company's revenue composition 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]. - As of September 30, the number of shareholders increased to 63,200, while the average circulating shares per person decreased by 43.98% [3]. Group 3 - Anjuke Foods has distributed a total of 3.219 billion yuan in dividends since its A-share listing, with 2.521 billion yuan distributed in the last three years [4]. - As of September 30, 2025, the fourth 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].