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 - A group of new soldiers from southern China has arrived at the northernmost border defense unit in Mohe, Heilongjiang Province, to fulfill their patriotic duty in extreme cold conditions [1][3]. Group 1: New Soldiers' Experience - The new recruits, many of whom have never seen snow before, are adapting to the harsh winter environment, with temperatures reaching nearly minus 40 degrees Celsius [1]. - The soldiers are participating in their first patrol under the guidance of experienced soldiers, marking a significant moment in their military training [1]. Group 2: Emotional Connections - Soldier Lu Weijie expresses deep homesickness, particularly as his father, a retired soldier, plans to visit the military camp to bring a taste of home for the new recruits during the New Year [3]. - Soldier Li Gaoxiang, raised by his aunt, reminisces about her special dish, egg dumplings, which he has not had since joining the army, highlighting the emotional ties to family and home [5][8]. Group 3: Support and Motivation - The presence of family members and the delivery of cherished gifts, such as homemade food, serve as a source of motivation and energy for the new soldiers as they continue their duties [10][8]. - The soldiers' determination is reinforced by the love and support from their families, enabling them to face the challenges of their new environment with renewed strength [10].

Group 1 - The article discusses the traditional Chinese New Year dinner, emphasizing the importance of preparing various dishes in advance, a practice rooted in historical customs and resource scarcity [1] - Different regions have unique specialties for the New Year, such as hanging sausages and cured meats in Sichuan and Hunan, which are prepared to enhance flavor through drying and smoking [1][3] - The preparation of fried foods is a common practice across China, with various types of meatballs and snacks being made to symbolize completeness and prosperity during the festive season [4][7] Group 2 - Specific dishes like egg dumplings and various fried snacks are highlighted as essential components of the New Year feast, showcasing regional variations in preparation methods [6][10] - The article mentions the significance of large communal dishes, such as the "su guo" (crispy pot), which is a hearty mix of meats and vegetables, symbolizing abundance and hospitality [10] - The "pen cai" (basin dish) is described as a festive dish that combines multiple ingredients, each carrying auspicious meanings, reinforcing family bonds during the New Year celebrations [11] Group 3 - The article emphasizes the importance of vegetarian dishes like "ten vegetable dish," which is a colorful mix of various vegetables, symbolizing good fortune and health [14] - Dumplings are highlighted as a staple in northeastern China during the New Year, with families preparing large quantities to celebrate the occasion [16] - The preparation of traditional staples like steamed buns and rice cakes is noted, with each carrying auspicious meanings related to prosperity and good fortune [18][19]

Core Viewpoint - The festive atmosphere of the Spring Festival is vibrant in Wuxi, with markets bustling and traditional customs being celebrated, highlighting the cultural significance of the holiday in the region [1][3][8]. Group 1: Market Activity - The local markets, particularly the Chaoyang Agricultural Market, are experiencing an overwhelming influx of shoppers, with over 30,000 visitors recorded in just one morning, equivalent to a full day's traffic [3]. - Popular items include spring citrus and traditional snacks, with long queues forming at various stalls, indicating a strong demand for festive goods [3][4]. - Supermarkets are also crowded with shoppers, reflecting a widespread enthusiasm for purchasing New Year goods [4]. Group 2: Culinary Traditions - The traditional New Year's Eve dinner in Wuxi consists of a carefully curated menu, including four cold dishes, four stir-fried dishes, five main dishes, and two soups, symbolizing completeness and prosperity [5]. - Key dishes include braised fish, pork, chicken, and sweet rice, which are integral to the celebration and reflect local culinary heritage [5][7]. - Specific vegetables are included for their auspicious meanings, such as water celery for hard work and spinach for vitality, emphasizing the cultural significance of food during the holiday [5]. Group 3: Cultural Celebrations - The city is adorned with festive decorations, including new door gods and large spring couplets, enhancing the celebratory atmosphere [8]. - Various cultural events and performances are planned throughout the holiday, with nearly a hundred entertainment shows and interactive activities set to engage both residents and visitors [8]. - Traditional games and modern light shows are being integrated into the celebrations, showcasing a blend of heritage and contemporary festivities [8].

Group 1 - The article describes the preparation for the Chinese New Year, focusing on the "Four Great Treasures" essential for cooking during the festive season [1][2] - The first item, a large steel pot, is used to prepare a rich broth that will be utilized for various dishes during the New Year celebrations [1] - The second item, a stone mortar, is employed to grind roasted black sesame seeds into a fine powder, which is then mixed with pork lard and sugar to create a filling for traditional dumplings [1][2] Group 2 - The stone mill, referred to as "external assistance," is borrowed annually and involves family members working together to produce rice flour for dumplings [2] - The aluminum ladle is used for making egg dumplings, which are a favorite treat during the preparation process, highlighting the family tradition and enjoyment of cooking [2] - The article concludes with the successful completion of the New Year preparations, emphasizing the joy and satisfaction derived from the cooking process and the appreciation from guests [3]

Core Viewpoint - The article highlights the significance of home and family during the Chinese New Year, emphasizing cultural traditions and personal experiences in a village in Guizhou, showcasing the warmth and community spirit associated with the holiday [1]. Group 1: Cultural Traditions - The village maintains rich Miao cultural traditions during the New Year, including activities such as dragon dancing, bullfighting, and traditional music performances [2]. - The preparation for the New Year includes a "big cleaning" day, where families engage in various cleaning tasks to welcome the new year [5]. - Traditional food preparation is a communal activity, with family members participating in making special dishes like egg dumplings, which are a staple for the New Year's Eve dinner [9]. Group 2: Community and Family - The article describes the joy of visiting neighbors during the New Year, where children receive red envelopes containing money, fostering a sense of community and connection [11]. - The "watching the meeting" events in nearby villages provide opportunities for socializing and reconnecting with old friends, highlighting the importance of community ties during the festive season [15]. - The narrative reflects on the role of family and the importance of reunion during the New Year, emphasizing that the essence of the celebration lies in togetherness [15].

Summary of the Conference Call on Anjuke Foods Company Overview - Anjuke Foods has evolved from a small dumpling factory in Xiamen to a leading player in the frozen food industry in China, particularly in the hot pot ingredient segment [1][2] - The company's growth can be divided into four stages: 1. **1998-2006**: Initial establishment and focus on hot pot ingredients instead of competing in the dumpling market dominated by competitors like Sanquan and Sinian [1] 2. **2007-2016**: Focused on building distribution channels primarily in the restaurant sector, establishing a national production capacity [2] 3. **2017-2020**: Post-IPO expansion of production capacity and revenue growth, solidifying its position as a market leader [2] 4. **2021-Present**: Entering the prepared dishes market with a three-pronged strategy [2][3] Core Business Strategy - Anjuke has diversified its product offerings to include frozen hot pot ingredients, frozen rice and noodles, and frozen prepared dishes, establishing a comprehensive product portfolio [3] - The management team, led by Chairman Liu Mingming and General Manager Zhang Qingmiao, has remained stable and effective, contributing to the company's success [3][4] - The company has implemented stock incentive plans since 2019 to align management interests with company performance [4] Financial Performance - Since its IPO in 2017, Anjuke has experienced significant revenue growth, maintaining high growth rates from 2018 to 2022 [4][5] - The revenue structure has become more balanced, with a notable increase in the contribution from prepared dishes [5] Industry Dynamics - The frozen food market in China is growing alongside Anjuke, driven by both B2B (restaurant) and B2C (consumer) demands [5][6] - B2B demand is fueled by the need for cost efficiency in restaurants, where labor and rent costs are high, leading to a shift towards frozen and prepared foods [5][6] - C2C demand is driven by changing consumer lifestyles, including smaller household sizes and a preference for convenience [6] Market Trends - The market for frozen prepared dishes is expected to grow significantly, despite recent challenges, as it aligns with the trend of industrialization and standardization in the food supply chain [7][8] - Anjuke's strategy includes leveraging its supply chain and cold chain logistics to enhance efficiency and reduce costs [10][12] Competitive Advantages - Anjuke has established a strong product positioning strategy, focusing on high-quality, high-margin products [8][9] - The company has differentiated itself in the competitive frozen rice and noodle market by avoiding direct competition with established players and instead focusing on unique products [9] - Anjuke's channel strategy emphasizes strong relationships with distributors and direct support, enhancing loyalty and market penetration [10] Future Outlook - Anjuke plans to continue expanding its frozen food segment and is exploring overseas production and sales opportunities [17] - The company anticipates steady growth in its core business, with new product launches and packaging innovations aimed at capturing the evolving consumer market [18] - Despite external challenges, Anjuke's strategic execution and management capabilities position it well for future growth [16][17]

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].

Group 1 - The core viewpoint of the news is that Anjuke Food's stock has experienced fluctuations, with a recent decline of 2.00% and a total market capitalization of 28.73 billion yuan [1] - As of January 13, Anjuke Food's stock price is 86.20 yuan per share, with a trading volume of 347 million yuan and a turnover rate of 1.36% [1] - Year-to-date, Anjuke Food's stock has increased by 8.73%, with a 4.19% rise over the last five trading days, an 8.59% increase over the last 20 days, and a 22.83% increase over the last 60 days [1] Group 2 - Anjuke Food Group Co., Ltd. is based in Xiamen, Fujian Province, 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 Anjuke 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] Group 3 - As of September 30, Anjuke Food had 63,200 shareholders, an increase of 78.56% from the previous period, with an average of 4,641 circulating shares per shareholder, a decrease of 43.98% [3] - For the period from January to September 2025, Anjuke Food achieved a revenue of 11.371 billion yuan, a year-on-year increase of 2.66%, while the net profit attributable to shareholders decreased by 9.35% to 949 million yuan [3] Group 4 - Anjuke Food 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 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] - The Southern CSI 500 ETF has exited the list of the top ten circulating shareholders [4]

Core Viewpoint - Anjiu Foods has shown a slight increase in stock price and trading volume, with notable financing activities indicating a mixed sentiment among investors [1][2]. Group 1: Financial Performance - For the period from January to September 2025, Anjiu Foods achieved a revenue of 11.371 billion yuan, representing a year-on-year growth of 2.66% [2]. - The net profit attributable to shareholders for the same period was 949 million yuan, reflecting a year-on-year decrease of 9.35% [2]. Group 2: Stock and Financing Activities - On January 6, Anjiu Foods' stock price increased by 1.62%, with a trading volume of 369 million yuan [1]. - The financing buy-in amount for Anjiu Foods on the same day was 25.6246 million yuan, while the financing repayment was 16.7392 million yuan, resulting in a net financing buy of 8.8854 million yuan [1]. - As of January 6, the total financing and securities lending balance for Anjiu Foods was 444 million yuan, with the financing balance at 434 million yuan, accounting for 1.79% of the circulating market value, which is below the 40th percentile level over the past year [1]. Group 3: Shareholder Information - As of September 30, 2025, Anjiu Foods had 63,200 shareholders, an increase of 78.56% compared to the previous period [2]. - The average circulating shares per shareholder were 4,641 shares, a decrease of 43.98% from the previous period [2]. - The company has distributed a total of 3.219 billion yuan in dividends since its A-share listing, with 2.521 billion yuan distributed over the last three years [3].