把握消费演进浪潮，洞察消费升级先机 中国副食流通协会会长何继红在致辞中说道，高质量发展和消费升级的融合定义了未来产业的模样。一 方面，消费升级在消费目标、消费动机、消费者的选择、食品安全与消费者信任这些方面产生了变化； 另一方面，从供给侧上看，践行高质量发展、构建未来现代化食品产业体系要求行业从过去量的扩张到 质的提升和效的优化，核心要在创新驱动、产业链协同、食品安全、绿色低碳可持续和品牌培育五个方 面发力。 Worldpanel消费者指数大客户总监刘建永发表了题为《新消费趋势下的升级路径》的演讲。他首先表 示，双周期下，中国快速消费品市场进行低速调整阶段。他认为，当前我们正处在一个碎片化时代，其 消费趋势具体表现为渠道与消费场景的多元化、银发经济与单身经济的崛起，以及本土企业的迅速成 长。对此，他提出，新消费趋势下，企业要重构场景叙事、锚定特定人群、并发扬文化魅力。 华创证券食品饮料首席分析师欧阳予从食品饮料的视角出发探讨了新的市场条件下消费的新形态和新趋 势。他指出，理解新消费应着眼于新需求、新业态、新食材以及"老品"焕新四个方面。此外，他观察到 食品行业呈现出的三个明显趋势：一是功能性食品饮料的兴起；二 ...

会上，中国水产流通与加工协会与威海市人民政府签署共建威海现代渔业高质量发展示范区战略合作框 架协议，在未来三年重点围绕产业升级与技术转化、行业标准与规范建设等六大领域深化合作，为区域 渔业发展注入新动力。 大会举办了多场平行会议与专题研讨，议题覆盖进口水产品主推品类发布、水产品供应链与出海渠道建 设、设施渔业推动海淡水产业高质量发展等水产行业核心领域与前沿方向。与会代表围绕鱼胶、牡蛎、 罗非鱼、帝王蟹、长江刀鲚、海马等产业发展，以及大宗水产品贸易、品牌赋能、水产品消费与市场、 预制菜等热点方向开展专题研讨，全面勾勒水产行业高质量发展的未来路径。 中国工程院院士、中国海洋大学教授薛长湖认为，大食物观背景下，构建多元化的食物供给体系是保障 食物安全的重要途径，目前水产品已成为全球第三大食用蛋白来源，更是居民平衡膳食结构的重要组成 部分。未来，应进一步加强功能性食品研发加工，促进水产品加工业由量的增加，向资源利用率高、产 品附加值高、产品品质可控、生态环境友好的质的提升转变。 日前，由中国水产流通与加工协会和威海市海洋发展局共同主办的2025水产品大会，在山东威海举行。 大会以"研判市场变化 洞察发展趋势"为主题， ...

格隆汇11月20日丨开创国际(600097.SH)在投资者互动平台表示，公司目前没有预制菜业务。 ...

截至11月20日收盘，预制菜概念下跌2.37%，位居概念板块跌幅榜前列，板块内，国联水产、天马科 技、百洋股份等跌幅居前，股价上涨的有9只，涨幅居前的有中水渔业、福成股份、华英农业等，分别 上涨10.02%、3.41%、2.56%。 | 000759 | 中百集团 | -3.91 | 10.05 | -3858.72 | | --- | --- | --- | --- | --- | | 300999 | 金龙鱼 | -2.84 | 2.53 | -3520.90 | | 600257 | 大湖股份 | -8.44 | 23.93 | -3417.69 | | 002069 | 獐子岛 | -5.68 | 18.96 | -3354.29 | | 002840 | 华统股份 | -3.21 | 3.65 | -2974.11 | | 000876 | 新希望 | -0.92 | 0.58 | -2510.73 | | 002507 | 涪陵榨菜 | -0.07 | 0.96 | -2439.56 | | 001313 | 粤海饲料 | -8.24 | 4.57 | -2359.77 | | 600127 | ...

Core Viewpoint - The aquaculture industry is experiencing improved conditions due to regulatory measures, leading to a significant reduction in vicious competition and a more favorable environment for quality enterprises. However, Guolian Aquatic Products is facing severe financial difficulties despite a rising stock price, raising questions about the sustainability of its market performance [1][7]. Industry Overview - The total output of aquatic products in China reached 51.6878 million tons from January to September this year, marking a year-on-year increase of 4.51% [1]. - Companies like Zhongshui Fisheries and Kaichuang International reported substantial profit increases of 230.08% and 269.47% respectively in the first three quarters [1]. Company Performance - Guolian Aquatic Products reported a significant decline in revenue, with a total of 1.651 billion yuan in the first half of the year, down 18.36% year-on-year, and a third-quarter revenue of 931 million yuan, down 6.00% year-on-year. Cumulatively, revenue for the first nine months was 2.582 billion yuan, a decrease of 14.29% [2][3]. - The company faced a staggering net loss of 800 million yuan in the first nine months, a decline of 905.30% year-on-year, exceeding the total loss of 742 million yuan for the entire year of 2024 [2][3]. Financial Challenges - Guolian Aquatic Products' third-quarter loss reached 259 million yuan, a decline of 167.23% year-on-year. The company has been in a continuous loss situation for six and a half years, indicating a persistent "loss inertia" [2][3][4]. - The company recorded asset impairment losses of 372 million yuan, an increase of 166.20% year-on-year, primarily due to increased inventory write-downs [3]. Strategic Issues - The company's product structure is deemed unbalanced, with a heavy reliance on low-margin traditional products like South American white shrimp, which are significantly affected by raw material price fluctuations [4][5]. - Guolian Aquatic Products has struggled to establish a competitive edge in the prepared food market, lacking standout products that resonate with consumers, leading to challenges in differentiation [5][6]. Market Position - Despite the company's financial struggles, its stock price has surged by 45% over five trading days, raising concerns about whether this is a sign of value recovery or a market bubble [1][7]. - As of November 19, the company's market capitalization reached approximately 6 billion yuan, with a dynamic price-to-earnings ratio that remains negative [7].

Core Insights - The aquaculture industry is experiencing a significant improvement in its competitive environment due to the implementation of safety regulations, leading to a 4.51% year-on-year increase in domestic aquatic product output to 51.68 million tons from January to September this year [1] - Companies like Zhongshui Fisheries and Kaichuang International have reported substantial profit growth, with net profits increasing by 230.08% and 269.47% respectively in the first three quarters [1] - Conversely, Guolian Aquatic Products is facing a paradox of expanding losses while its stock price has surged by 45% over the last five trading days, despite a significant decline in revenue and profitability [1] Company Performance - Guolian Aquatic Products reported a revenue of 1.651 billion yuan in the first half of the year, a decrease of 18.36% year-on-year, and a third-quarter revenue of 931 million yuan, down 6.00% year-on-year [2] - Cumulatively, the company’s revenue for the first nine months was 2.582 billion yuan, a decline of 14.29% compared to the previous year, which contrasts sharply with the overall industry growth [2] - The company’s net loss for the first three quarters reached 800 million yuan, a staggering decline of 905.30% year-on-year, indicating a worsening financial situation [2][3] Profitability Issues - Guolian Aquatic Products has been in a continuous loss situation for six and a half years, with the third quarter of 2025 showing a single-quarter loss of 259 million yuan, a decline of 167.23% year-on-year [4][6] - The company has recorded significant asset impairment losses of 372 million yuan, a 166.20% increase year-on-year, primarily due to increased inventory write-downs [3][6] - The decline in revenue is attributed to a shrinking market for trade products, poor consumption sentiment in the aquatic sector, and low prices for key products like South American white shrimp [6] Strategic Challenges - The company’s strategic execution has been inconsistent, with multiple shifts in direction failing to establish a clear growth path [11] - Guolian Aquatic Products has struggled to develop competitive core products in the prepared food sector, despite its early entry into this market [7][9] - The lack of a standout product in the prepared food category has hindered the company’s ability to differentiate itself in a highly competitive market [10] Market Position - Despite the weak fundamentals, Guolian Aquatic Products has seen its stock price rise significantly since August, with a total market value nearing 6 billion yuan, even as it reported a net loss of 800 million yuan for the first three quarters [13] - The company’s dynamic price-to-earnings ratio remains negative, highlighting the disconnect between market performance and financial health [13]

引言：当"预制菜"变成"信任考题" 2025年中秋，杭州某高端酒店的婚宴现场，新人在朋友圈写下这样的话："花了12万办的'定制婚宴'， 端上来的'招牌狮子头'咬开是散的，'梅菜扣肉'加热后缩成了一团——问服务员，说是'中央厨房预制 菜，复热即可'。"这条朋友圈在社交平台发酵后，评论区满是共鸣："不是反对预制菜，是反对把'工业 化速食'包装成'现做品质'。""花高价买的不是仪式感，是对'吃'的敷衍。" 这场风波不是孤例。从西贝"预制菜占比超80%"的争议，到袁记云饺"现包馅料实为冻品"的曝光，再到 校园配餐、连锁快餐的"预制菜隐瞒"，中国预制食品行业正陷入一场"信任泥沼"：消费者谈预制色变， 企业抱怨"躺枪"，行业在"规模扩张"与"价值认同"间摇摆不定。 更值得警惕的是，这场危机的根源，从来不是"预制菜本身有问题"，而是行业与企业的发展逻辑，与消 费者对"食品"的期待发生了根本错位——当企业把预制菜当成"降低成本、提高效率的工具"，消费者却 在寻找"安全、有温度、承载生活意义的食物"；当行业沉迷于"规模竞赛"，消费者已在追问"这口饭， 有没有用心做"。 要让预制食品赢回信任，中国企业必须完成五门"必修课"：从" ...

Market Overview - The A-share market experienced slight fluctuations with the Shanghai Composite Index rising by 0.18% to 3946 points, while the Shenzhen Component Index remained flat and the ChiNext Index increased by 0.25% [1] - The total market turnover reached 1.74 trillion yuan, with nearly 4200 stocks declining [1] - Sectors such as military industry, shipbuilding, aquaculture, and marine economy showed gains, while the Hainan sector, gas, and film industry faced significant declines [1] Stock Performance - Notable stocks included *ST Dongyi, which rose by 4.98% to 18.54 yuan, and ST Zhongyu, also up by 4.98% to 11.81 yuan, both benefiting from restructuring and real estate developments [2] - Guowei Technology surged by 10.06% to 8.97 yuan, driven by solid-state batteries and photovoltaic components [2] - Jiumuwang and Zhenai Meijia both increased by 9.99%, reflecting strong performance in their respective sectors [2] - Jianglong Shipbuilding saw a significant rise of 20.02% to 19.18 yuan, attributed to military-civilian integration and marine equipment [3][12] Institutional Activity - The top net buying stocks on the daily leaderboard included Hailu Heavy Industry, Yaguang Technology, and Rongjie Co., with net purchases of 252 million yuan, 229 million yuan, and 218 million yuan respectively [2] - Conversely, the largest net selling stocks were Shoukai Co., Hainan Haiyao, and Zhongdian Xinlong, with net sales of 264 million yuan, 176 million yuan, and 147 million yuan respectively [5] Sector Insights - The Chinese government's suspension of Japanese seafood imports is seen as a positive development for domestic aquaculture companies [9] - Guolian Aquatic Products, as the largest publicly listed seafood company in China, continues to excel in the prepared food sector, solidifying its market position [9] - Jianglong Shipbuilding has secured contracts for law enforcement vessels, contributing to its revenue growth and expanding its market presence in the tourism and special operations boat segments [12] Company Highlights - Dawi Co. reported a 40% year-on-year revenue increase in its semiconductor storage business, supported by progress in lithium battery projects [18] - Hailu Heavy Industry is involved in nuclear power equipment and is actively participating in thorium molten salt reactor projects, with a reported net profit growth of 32.67% year-on-year for the first three quarters [15][16]

除了设置委屈奖外，西贝还给一线员工涨薪。西贝相关负责人告诉南都湾财社记者，西贝2025年9月为 一线伙伴（店长、厨师长级以下）每人发放500元津贴。自10月起，门店设立工匠精神津贴、服务标兵 津贴、食安卫士津贴，每位一线伙伴累计可获得津贴总额为300-800元不等。 自今年9月陷入预制菜风波后，西贝在做一系列调整。在风波后，西贝道歉，并称会尽可能把中央厨房 前置加工工艺调整到门店现场加工。之后，西贝通过赠送代金券表达歉意和吸引客流，到了10月，西贝 全国门店多款产品价格下调，部分菜品价格下调超过20%。在这之后，西贝还在持续发放代金券吸引顾 客，今年11月到店消费的顾客，西贝会根据实付情况赠送相应的代金券。 与此同时，自10月以来，西贝还关闭了西安大悦城店、陕西渭南吾悦广场店、汕头万象城店、深圳西丽 万科云城店、义乌的义乌之心店、南京六合欢乐港店、苏州繁花中心店、北京石景山京西珠宝城店，由 此引发西贝大幅关店的猜想。对此，西贝发布公开回应称，开店、闭店属于餐饮行业正常的经营行为， 西贝每年都会基于经营情况对门店数量进行动态调整。今年西贝门店同样保持动态调整，近期包括深 圳、汕头、义乌等地门店闭店，均属于正常调 ...

截至11月19日收盘，预制菜概念上涨1.05%，位居概念板块涨幅第10，板块内，44股上涨，国联水产、 益客食品等20%涨停，獐子岛、大湖股份、天马科技等涨停，盖世食品、ST岭南、通威股份等涨幅居 前，分别上涨8.03%、4.30%、4.14%。跌幅居前的有大东方、永辉超市、三江购物等，分别下跌 7.35%、5.02%、4.86%。 今日涨跌幅居前的概念板块 | 品 | | --- | | 002321 | 华英农 | 10.03 | 5.95 | 5613.18 | 12.96 | | --- | --- | --- | --- | --- | --- | | | 业 | | | | | | 002696 | 百洋股 | 10.01 | 9.67 | 5233.75 | 21.34 | | | 份 | | | | | | 002069 | 獐子岛 | 10.10 | 12.47 | 3937.57 | 10.26 | | 000798 | 中水渔 | 9.96 | 2.31 | 3926.43 | 37.30 | | | 业 | | | | | | 002702 | 海欣食 | 2.57 | 19.32 | ...