"我们坚持以品质立身，在健康、便捷、多元上做文章。"园区内一家食品加工企业负责人沙子微介绍， 他们围绕家庭日常消费、烘焙配套、定制化需求布局产品，持续优化生产工艺，构建起研发、生产、销 售、进出口一体化体系，以稳定品质和持续创新赢得市场认可。 如今，德胜片区已集聚一批食品加工企业，涵盖粮油、肉制品、乳制品、枸杞精深加工等多个领域，形 成企业集聚、链条配套、品牌集聚的发展格局。依托这一产业基础，贺兰县通过政策扶持、科技赋能、 市场引导，推动食品产业从初级加工向精深加工、从单一产品向多元品类、从本地销售向区内外拓展升 级，一批本土品牌影响力持续提升。 贺兰县相关负责人表示，当地将持续聚焦新食品产业高质量发展，延伸产业链、提升价值链、完善供应 链，推动产业向品牌化、智能化、绿色化方向升级，让更多"贺兰好物"走出宁夏、走向全国，以产业融 合发展为"两化一振兴"提供坚实支撑。(完) （文章来源：中国新闻网） 中新网银川2月2日电 (记者李佩珊)2月2日，记者走进宁夏贺兰工业园区德胜片区，标准化生产车间内机 器轻鸣，智能化生产线有序运转。杂粮营养粉、特色肉制品、粮油制品、枸杞精深加工食品等"贺兰好 物"从生产线上源源不断 ...

Core Viewpoint - Jinzi Ham Co., Ltd. is undergoing significant management changes, with the resignation of President Guo Bo and the appointment of Zheng Hu, the son of the new actual controller Zheng Qingsheng, as the new president. The company is attempting to diversify into the semiconductor industry amid slow growth in its core meat products business, raising questions about the effectiveness of this strategy [1][5][9]. Management Changes - The management transition began in April 2025 when former actual controller Ren Guilong transferred 11.98% of his shares to Zheng Qingsheng for 870 million yuan. Zheng Qingsheng became the new controlling shareholder after the share transfer was completed in June 2025 [1][2]. - The new management team was established in July 2025, with Zheng Qingsheng as chairman, Guo Bo as president and vice chairman, and Zheng Hu as vice president [3][4]. Business Diversification - Jinzi Ham has a history of attempting to diversify into various sectors, including e-commerce, new energy vehicles, and healthcare, but these efforts have often resulted in poor performance and have negatively impacted the company's financial results [2][12]. - The company is now focusing on the semiconductor sector, having established two subsidiaries in July 2025 that will engage in integrated circuit design and semiconductor device sales, with Zheng Hu as the legal representative [6][9]. Investment in Semiconductor - In September 2025, Jinzi Ham announced plans to invest up to 300 million yuan in Zhongsheng Microelectronics to acquire up to 20% equity, targeting the optical communication chip sector. Zhongsheng Microelectronics specializes in high-speed optical module core chip design [7][9]. - Despite being recognized as a potential unicorn and having a promising market outlook, Zhongsheng Microelectronics reported only 20,490 yuan in revenue and a net loss of 38.83 million yuan in 2024, raising concerns about the high valuation of the investment, which is estimated at a 9710% premium [8][9]. Financial Performance - Jinzi Ham's revenue for 2024 was 344 million yuan, less than half of its 2020 revenue of 710 million yuan, with a significant decline in net profit. The company's core meat product revenues have also been declining, with various product lines experiencing year-on-year decreases [10][11]. - The company's financial struggles have led to a pattern of cross-industry attempts that often result in minimal returns or losses, highlighting the challenges of balancing core business operations with diversification efforts [12][14].

Group 1: Leadership Changes - The former president of Jinzi Ham, Guo Bo, has resigned for personal reasons after only five months in the role, but will continue as vice chairman and a member of the board's strategic committee [2] - Zheng Hu, the son of the actual controller Zheng Qingsheng, has been appointed as the new president [2][3] - Zheng Hu has a background in automotive sales and has been with Jinzi Ham since 2018, serving as vice president before his recent promotion [2] Group 2: Company Background and Financial Performance - Jinzi Ham was established in November 1994, with 91.56% of its revenue coming from the ham industry as of mid-2025 [2] - The company's revenue has declined from 506 million yuan in 2021 to 344 million yuan in 2024, with a 13.97% year-on-year decrease in the first three quarters of 2025 [3] - The net profit attributable to shareholders decreased by 26.25% year-on-year to 22.01 million yuan in the same period [3] Group 3: Strategic Shifts and Industry Challenges - Following the change in actual control, Jinzi Ham is attempting to diversify into the semiconductor industry due to stagnation in its traditional meat products business [5][6] - The company plans to invest up to 300 million yuan to acquire up to 20% of Zhongsheng Microelectronics, which specializes in optical communication chips [5] - The semiconductor venture is seen as a high-growth potential area, but it poses significant risks due to the lack of relevant expertise and the company's current financial challenges [6] Group 4: Expert Opinions - Industry experts suggest that the leadership change aims to enhance decision-making efficiency and support the rapid execution of new strategies [3][6] - There are concerns about the frequent management changes potentially causing market apprehension [3] - Experts recommend that Jinzi Ham should focus on product innovation and channel expansion within its core business rather than diversifying into unrelated sectors like semiconductors [6]

Group 1 - The core point of the article is the leadership change at Jinzi Ham, with the appointment of Zheng Hu as the new president, following the resignation of Guo Bo, marking the second presidential change within the year [1] - Zheng Hu, the son of the controlling shareholder and chairman Zheng Qingsheng, has a background in automotive sales and has been with Jinzi Ham in a vice president role for less than six months before his promotion [1] - Zheng Qingsheng recently became the controlling shareholder of Jinzi Ham, acquiring an 11.98% stake from the previous controlling shareholder, which gives him a total voting power of 18.83% [1] Group 2 - Following Zheng Qingsheng's takeover, Jinzi Ham has ventured into the semiconductor industry, establishing two wholly-owned subsidiaries focused on chip business [2] - The company plans to invest up to 300 million yuan to acquire up to 20% of Zhongsheng Microelectronics, which is currently not profitable, indicating a significant potential valuation increase [2] - Strategic positioning expert Jian Junhao suggests that the leadership change and diversification into semiconductors reflect a need for strategic transformation due to stagnation in the main business [2] Group 3 - Financial results show that Jinzi Ham's revenue for the first three quarters of 2025 was 222 million yuan, a year-on-year decline of 13.97%, with a net profit drop of 26.25% [3] - The company's main products, including ham and specialty meat products, have also seen significant revenue declines, with the ham business down 9.1% and branded meat revenue down 35.25% [3] - Expert Jian Junhao advises a cautious approach to entering the semiconductor sector, emphasizing the importance of stabilizing the core ham business while exploring new growth opportunities [3]

Core Viewpoint - The company Jinzi Ham has undergone a leadership change with the appointment of Zheng Hu as president, following the resignation of Guo Bo, indicating a strategic shift as the company explores new business avenues in the semiconductor industry [2][3]. Group 1: Leadership Changes - Guo Bo resigned as president of Jinzi Ham due to personal reasons, while remaining as vice chairman and a member of the board's strategic committee [2]. - Zheng Hu, son of the controlling shareholder Zheng Qingsheng, has been appointed as the new president, marking the second presidential change within the year [2]. - Zheng Hu has a background in automotive sales and has been involved with Jinzi Ham since July 2025 as vice president [2]. Group 2: Strategic Shift to Semiconductors - Following Zheng Qingsheng's acquisition of controlling interest in Jinzi Ham, the company has established two wholly-owned subsidiaries focused on semiconductor business [3]. - Jinzi Ham plans to invest up to 300 million yuan to acquire up to 20% equity in Zhongsheng Microelectronics, a company currently not profitable, indicating a significant strategic pivot [3]. - The investment is based on a pre-investment valuation of 1 billion yuan, suggesting a potential increase in value of 9710% by the end of 2024 [3]. Group 3: Financial Performance - For the first three quarters of 2025, Jinzi Ham reported revenue of 222 million yuan, a year-on-year decline of 13.97%, with a net profit attributable to shareholders of 22.01 million yuan, down 26.25% [4]. - In Q3 alone, revenue fell by 11.45% to 52.61 million yuan, with a net loss of 905,800 yuan [4]. - The company's main product lines, including ham and specialty meat products, have also seen declines in revenue, with the ham business down 9.1% and branded meat business down 35.25% [4].

Core Viewpoint - The leadership of Jinzi Ham is undergoing a significant change with the appointment of Zheng Hu as the new president, following the resignation of Guo Bo just five months after taking office, indicating a shift in management strategy and potential for brand rejuvenation targeting younger consumers [1][10]. Management Changes - Guo Bo resigned from her position as president for personal reasons, while retaining her roles as vice chairman and a member of the board's strategic committee [1]. - Zheng Hu, a post-90s individual and son of the controlling shareholder Zheng Qingsheng, has taken over as president, marking a generational shift in the company's leadership [6][10]. Shareholding Structure - Zheng Qingsheng, the new controlling shareholder, holds 18.83% of the voting rights after acquiring shares from other shareholders, indicating a consolidation of control within the Zheng family [9][10]. - The Shi family, the original founders, have reduced their stake to approximately 7%-8%, relinquishing control and transitioning to a financial investor role [9][10]. Financial Performance - In the first half of the year, Jinzi Ham reported revenues of 170 million yuan, with a net profit of approximately 22.92 million yuan [11]. - The ham business remains the core revenue driver, contributing nearly 60% of total revenue, although sales volume has decreased by 14% year-on-year [12][13]. - For the first three quarters, the company experienced a revenue decline of 13.97% to 222 million yuan, with net profit down 26.25% to 22.01 million yuan [14]. Strategic Initiatives - The company is launching new products to adapt to market demands, including various types of ham and meat products, as well as exploring cross-industry innovations like ham ice cream [14][16]. - Jinzi Ham is also venturing into the semiconductor industry, establishing two chip companies and planning to invest up to 300 million yuan in acquiring a stake in Zhongzheng Microelectronics, aiming to leverage digital economy trends [16][19]. Market Position and Challenges - Jinzi Ham is recognized as a leading player in the traditional ham industry, but faces challenges from intensified market competition and changing consumer preferences [11][14]. - The company's past attempts at diversification into unrelated sectors have met with limited success, highlighting the risks associated with its investment strategies [19].

Core Insights - The event held on November 12 at the Taling Industrial Park in Ding'an County focused on three main industries: new food processing, biomedicine, and green building [1] - The primary goal of the event was to create a platform for enterprise communication and product sales matching [1] Industry Focus - The event highlighted the importance of new food processing, biomedicine, and green building as the leading industries in the region [1] - The product promotion and supply-demand matching segments were designed to facilitate precise matching of needs and promote cooperation [1] Company Participation - Companies such as Hainan Meiyijia Industrial Co., Ltd. and Hainan Pro Bio-Tech Co., Ltd. presented their procurement needs and cooperation directions [1] - Six small and medium-sized enterprises, including China Resources Zhizhu Technology and Ding'an Green Building Integrated Technology, showcased their quality products and service capabilities [1] Networking and Future Actions - After the product promotion, participants exchanged contact information and engaged in discussions on supply-demand matching, technical cooperation, and resource sharing [1] - The event organizers plan to follow up on cooperation intentions to convert them into actual results, helping quality products from the park reach broader markets [1]

Core Viewpoint - The control of Jinzi Ham Co., Ltd. is set to change as the controlling shareholder Ren Guilong has signed a share transfer agreement with Zheng Qingsheng, transferring 145 million shares, which is 11.98% of the total share capital, and delegating voting rights for an additional 82,974,679 shares, totaling 18.83% voting rights post-transfer [1][2]. Shareholding and Voting Rights - Before the transaction, Ren Guilong held 227,974,679 shares (18.83% of total shares) and had 18.83% voting rights. After the transaction, Zheng Qingsheng will hold 145,000,000 shares (11.98%) and Ren Guilong will hold 82,974,679 shares (6.85%) with no voting rights [2]. - The total share capital of the company is 1,210,614,164 shares, with other shareholders holding 81.17% [2]. Financial Performance - Jinzi Ham's revenue from 2022 to 2024 showed a decline, with revenues of 4.45 billion, 3.14 billion, and 3.44 billion respectively. The net profit attributable to the parent company also decreased from 353.04 million to 235.47 million, reflecting a year-on-year decline of 7.75% and 27.70% [4][5]. - In 2024, the company's revenue was 343.88 million, a 9.62% increase from 2023, while the net profit attributable to shareholders increased by 55.19% to 62.17 million [5][6]. Product Revenue Breakdown - In 2024, the revenue from ham products was 187.29 million (54.46% of total revenue), while specialty meat products generated 76.54 million (22.26%) [6][7]. - The gross margin for ham products was 26.14%, down 1.51% year-on-year, and for specialty meat products, it was 7.67%, down 15.49% [6][7]. Control Changes and Historical Context - Ren Guilong became the controlling shareholder in October 2021, acquiring 20.30% of the shares from the previous major shareholder Anji Bama at a price of 5.00 yuan per share [8]. - The recent transfer of shares does not trigger a mandatory takeover bid and is not classified as a related party transaction [1].

Core Viewpoint - Jinzi Ham Co., Ltd. is planning a share transfer that may involve a change in control, leading to a temporary suspension of its stock trading. The company has struggled to meet performance commitments since its founder sold shares in 2021, and recent profit increases have been attributed to asset sales rather than core business growth [1][11]. Financial Performance - In 2024, Jinzi Ham achieved revenue of 344 million yuan, a year-on-year increase of 9.62%, and net profit of 62.17 million yuan, up 55.19% from the previous year. However, the non-recurring net profit fell to 23.55 million yuan, a decline of 27.70% [2][3]. - The increase in net profit was primarily due to the sale of a 12.2807% stake in Zhejiang Yindun Cloud Technology Co., Ltd. for 428 million yuan, contributing an additional 26.26 million yuan to net profit [3]. Investment Strategy - Jinzi Ham has a history of diversifying into various sectors since 2013, including rare earths, banking, e-commerce, health, and new energy vehicles. However, many of these ventures have not been successful, leading to performance issues [1][6]. - The company has made significant investments in the AI and computing sectors, but faced challenges in achieving performance targets set in investment agreements with Yindun Cloud, which has struggled financially [4][5]. Market Position and Challenges - The company's core products, particularly ham and specialty meat products, have seen declining gross margins for four consecutive years, with ham's margin at 26.14% and specialty meat's at 7.67% in 2024 [14][15]. - Jinzi Ham is attempting to capture the young consumer market by launching innovative products, but its pre-prepared food offerings have been limited and are still in the trial phase [16][17]. Future Outlook - The company plans to enhance its product offerings and improve profitability through capital operations and market expansion, particularly in e-commerce and international markets [15][16]. - Despite the challenges, Jinzi Ham aims to develop new products and optimize its operations to recover from declining margins and improve overall performance [15][16].

Group 1 - The core point of the news is that Jinzi Ham is planning a change in control, with its actual controller Ren Guilong considering a share transfer that may lead to a change in the company's control [2][6][10] - Jinzi Ham has applied for a trading suspension starting from April 21, with the suspension expected to last no more than two trading days [2][10] - As of April 18, the company's stock price was 5.36 yuan per share, with a total market value of 6.489 billion yuan [2] Group 2 - Ren Guilong currently holds 18.83% of Jinzi Ham's shares and has been the actual controller since November 15, 2021 [8][10] - Ren Guilong's intention to transfer control comes after he has pledged approximately 108 million shares of Jinzi Ham as of March 28 [10][12] - The company reported a revenue of 344 million yuan for 2024, representing a year-on-year increase of 9.62% [12][13] Group 3 - Jinzi Ham's net profit attributable to shareholders for 2024 was 62.17 million yuan, a significant increase of 55.19% compared to the previous year [13][18] - The company's net profit after deducting non-recurring gains and losses was 23.55 million yuan, showing a decrease of 27.70% year-on-year [13][18] - The company has faced challenges in maintaining profitability, with a focus on enhancing its profit margins through product optimization and cost reduction strategies [20]