Core Insights - Southern Black Sesame Group's subsidiary, Southern Black Sesame (Guangxi) Health Grain Warehouse Factory, received two authoritative certifications from Shanghai Consulting Group, establishing its leading position in the black sesame paste industry and its qualification as the first factory in China for health food production [1][2][14] Group 1: Authority Certifications and Industry Standards - The dual certifications from Shanghai Consulting Group recognize Southern Black Sesame's production scale, technical strength, and market position, affirming its commitment to innovation and health food transformation [2][14] - The "Health Food Qualification" certification highlights the company's excellence in functional food research and standardized production, while the "Scale First" certification solidifies its leadership in black sesame paste manufacturing [2][14] Group 2: Technological Empowerment in Traditional Manufacturing - The Southern Black Sesame Health Grain Warehouse Factory, located in Guangxi, covers an area of 200 acres and features advanced production lines for black sesame health foods, with a significant annual production capacity [5][7] - The factory implements a full-process traceability system from planting to production, utilizing smart production lines and IoT management systems to automate key processes, ensuring top-tier quality and safety [7][8] Group 3: Brand Evolution and Strategic Upgrades - Established in 1984, Southern Black Sesame has evolved from a single black sesame paste product to a comprehensive health food group, expanding its offerings to include various grain-based and health-oriented products [8][9] - The company is actively pursuing a dual strategy of "traditional paste + health food," launching new products that cater to modern health trends and expanding its market reach among younger consumers [9][11] Group 4: Full Industry Chain Development - The establishment of the Southern Black Sesame Planting Demonstration Base in Jiangxi marks a significant step in the company's full industry chain strategy, ensuring stable raw material supply and enhancing product quality through geographical advantages [11][14] Group 5: Credibility of Shanghai Consulting Group - Shanghai Consulting Group, founded in 2008, is recognized for its independent and professional market research services, having completed over 20,000 consulting projects and provided authoritative market position certifications to more than 800 enterprises [13][14] Group 6: Conclusion - The dual certifications represent not only an honor but also a reflection of Southern Black Sesame's dedication to innovation and quality over its 40-year history, positioning the company to lead the black nutrition food industry into a new development phase [15]

Group 1 - The company reported a revenue of 928 million yuan for the first half of 2025, a year-on-year decrease of 4.65% [1] - The net profit attributable to the company was 7.77 million yuan, representing a year-on-year decline of 29.26% [1] - The company is expanding its product offerings to include health food products with health supplement qualifications, in addition to traditional products [1] Group 2 - The current market environment is complex and changing, leading to significant challenges for traditional sales channels [1] - The decline in traditional retail channels and increased market fragmentation have resulted in reduced sales performance and profit margins for traditional distributors [1] - E-commerce sales experienced a smaller revenue decline compared to traditional channels, with a slight improvement in gross margin [1]

Core Viewpoint - The potential change in control of Black Sesame Group may be a strategic move to address ongoing operational challenges and financial difficulties, with state-owned enterprises possibly stepping in as new stakeholders [1][4][5]. Group 1: Control Change and Stakeholder Dynamics - Black Sesame's major shareholder, Guangxi Black Five Food Group, plans to transfer approximately 20% of its shares to a state-owned enterprise, which could lead to a change in control [1][4]. - The company has faced multiple regulatory penalties, indicating ongoing governance issues, which may have influenced the decision to change control [2][4]. - Analysts suggest that the control change is driven by financial pressures and the need for a turnaround strategy amid declining performance [3][5]. Group 2: Financial Performance and Challenges - Black Sesame's revenue has declined for three consecutive years, dropping from 4.025 billion yuan in 2021 to 2.465 billion yuan in 2024, nearly returning to 2016 levels [5][6]. - Despite an 80% year-on-year increase in net profit in 2024, the total was only 77.74 million yuan, reflecting a low net profit margin of 3% [5][6]. - The company's e-commerce business has significantly underperformed, with revenue declines of 42.29%, 27.11%, and 34.65% from 2022 to 2024 [6]. Group 3: Strategic Shifts and Future Outlook - Following unsuccessful diversification attempts, Black Sesame is refocusing on its core health food business, launching a premium health-oriented black sesame paste [6][7]. - The company faces substantial debt pressures, with short-term borrowings reaching 766 million yuan and limited cash reserves of 173 million yuan as of Q1 2025 [7]. - Analysts emphasize the need for Black Sesame to innovate its product offerings and diversify its sales channels to regain market stability and address its financial challenges [7].

Core Viewpoint - The controlling stake of the well-known brand "Black Sesame" is set to change hands, as the current major shareholder, Guangxi Black Five Food Group, is planning to transfer its shares, potentially leading to a change in company control [1] Group 1: Company Background - Black Sesame was listed on the Shenzhen Stock Exchange in 1997 and is recognized as the "first stock in China's black sesame industry," with main products including black sesame paste, black sesame balls, and black sesame milk [1] - The company has a long history, originating from the establishment of the Southern Children's Food Factory in 1984, which later became the Southern Black Sesame Group [6] - The current major shareholder, Guangxi Black Five Food Group, acquired its controlling stake through a series of share purchases and mergers, becoming the largest shareholder by 2006 [7] Group 2: Recent Developments - On August 4, 2025, Black Sesame announced a suspension of trading due to the planned share transfer, which is expected to last no more than two trading days [1] - Prior to the announcement, the stock experienced a significant increase, rising by 5.7% on August 1 and closing up 4.8% [1] - There were speculations about a potential leak of information regarding the share transfer, as a prediction was made on July 3 about a restructuring on August 12 [2][4] Group 3: Management Changes - In the previous year, Black Sesame underwent a management overhaul, with Wei Qingwen stepping down as chairman, although he was appointed as the honorary chairman [8] - The new leadership is represented by Li Yuqun, the son of Li Hanrong, who is part of the controlling family [9] - The company has faced scrutiny due to issues related to non-operational fund occupation and irregular external guarantees, leading to warnings issued to its management [8]

登录新浪财经APP 搜索【信披】查看更多考评等级 不过，黑芝麻近年在信息披露方面曾多次"踩线"。今年6月16日，广西证监局对其出具警示函，指出控 股股东及关联方非经营性资金占用、违规对外担保。具体来看，2024年年报显示，黑芝麻控股股东及相 关方曾占用公司资金，且未及时披露，构成重大信披瑕疵。 此外，2020年9月，黑芝麻以所持广西广投国医投资有限公司36.41%股权为限，为南宁市儿童医院借款 提供担保6553万元，但黑芝麻直至2024年10月30日才披露上述对外担保事项。 公开资料显示，黑芝麻是一家以食品研发、生产、销售于一体的大健康食品企业，目前，公司食品业务 包括黑芝麻糊、黑芝麻丸、黑芝麻饼等多个系列产品，还推出了国内唯一获得保健食品标志的南方牌黑 芝麻糊。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 记者丨见习记者李益文 8月4日，黑芝麻（000716.SZ）发布公告称，控股股东广西黑五类食品集团有限责任公司（以下简称"黑 五类集团"）正在筹划涉及其所持有公司股份转让事宜，该事项可能导致公司控制权发生变更。目前黑 五类集团与对手方正积极推进本次交易的相关工作。公司股票自2 ...

Core Viewpoint - The controlling shareholder of Heizhima, Guangxi Heiwulei Food Group, is planning to transfer approximately 20% of its shares, which may lead to a change in the company's control. The stock has been suspended for trading for up to two days as the parties negotiate the transaction details [1]. Group 1 - Heizhima's stock price has been volatile, with a year-to-date decline of 4.94%. As of August 1, 2023, the stock closed at 6.54 yuan per share, with a daily increase of 4.81% [1]. - The company has faced scrutiny for its information disclosure practices, receiving a warning from the Guangxi Securities Regulatory Bureau for non-operational fund occupation and unauthorized guarantees [2]. - Heizhima has a history of delayed disclosures regarding external guarantees, including a 65.53 million yuan guarantee for a loan to Nanning Children's Hospital, which was only disclosed in October 2024 [3]. Group 2 - Heizhima's financial performance has been poor, with revenue only slightly increasing in 2021, while experiencing significant declines in other years. The company reported a total loss exceeding 200 million yuan in 2021 and 2022, with a slight recovery in 2023 and 2024. However, in Q1 2025, revenue was 442 million yuan, down 3.74% year-on-year, and net profit was 2.25 million yuan, down 29.61% [5]. - Prior to the potential change in ownership, Heizhima attempted several unsuccessful cross-industry transformations, including a 256 million yuan acquisition of a logistics park in 2015, which was divested two years later, and a 700 million yuan acquisition of an e-commerce platform that later underperformed [5]. - In 2023, Heizhima announced a 3.5 billion yuan investment in the energy storage battery sector, planning to build a facility in Nanchang, but this project was suspended a year later due to market conditions [5].

Core Viewpoint - The company, Southern Black Sesame Group Co., Ltd., is undergoing a potential change in control as its major shareholder, Guangxi Black Five Food Group Co., Ltd., plans to transfer approximately 20% of its shares to a state-owned enterprise in the Guangxi Zhuang Autonomous Region, which may lead to a change in the company's control [2][4]. Company Overview - Southern Black Sesame Group was founded in 1984 and is a large private enterprise focusing on the black sesame industry, integrating research, production, and sales of health products [6]. - The company is recognized as one of the first agricultural industrialization leading enterprises in China and is listed as the first black sesame industry stock on the Shenzhen Stock Exchange [6]. - The company’s headquarters is located in Nanning, Guangxi, with production bases in multiple provinces including Guangxi, Anhui, Hubei, and Zhejiang [6]. Product and Market Strategy - The company offers a variety of products including black sesame paste, drinks, and health foods, targeting the aging population and health-conscious consumers [6]. - The brand "Southern Black Sesame Paste" is well-known in China and has been popular for over thirty years, while the company has launched a high-end health black sesame paste product in 2023 [6]. - The company is also focusing on the beverage sector, promoting ready-to-drink black sesame products and collaborating with traditional medicine research institutions to develop health drinks for the elderly [7]. Financial Performance - In 2024, the company reported a revenue of 2.465 billion yuan, a decrease of 7.92% year-on-year, attributed to strategic adjustments aimed at improving quality and efficiency [8]. - The net profit for the same period was 77.74 million yuan, showing a significant increase of 80.46% year-on-year [8]. - For the first quarter of the current year, the company achieved a revenue of 442 million yuan, down 3.74% year-on-year, with a net profit of 2.25 million yuan, a decline of 29.61% [8]. Stock Performance - As of August 1, the company's stock price increased by 4.81%, closing at 6.54 yuan per share, with a total market capitalization of 4.928 billion yuan [9].

Core Viewpoint - The company Black Sesame (000716) is planning a change in control, leading to a temporary suspension of its stock trading starting August 4, 2025, until further announcements are made [1] Company Overview - Black Sesame is engaged in the research, production, and sales of health-focused food products, as well as providing one-stop e-commerce services [1] - The main product lines include black sesame paste, drinks, rice, and coarse grains, with a notable product being the only health food-marked black sesame paste in China [1] Financial Performance - In 2024, Black Sesame reported a revenue of 2.465 billion yuan, a year-on-year decrease of 7.92%, attributed to a strategic shift towards quality and efficiency, resulting in the reduction of low-performing e-commerce operations [1] - The net profit for 2024 was 77.7376 million yuan, showing a significant year-on-year increase of 80.46% [1] - For the first quarter of this year, the company achieved a revenue of 442 million yuan, down 3.74% year-on-year, with a net profit of 2.2511 million yuan, reflecting a decline of 29.61% [1] Market Conditions - The company has noted increased competition in its market, with issues such as international brands engaging in price dumping and regional small brands competing on price, leading to product homogenization [2] - The decline in revenue from third-party brand e-commerce operations is primarily due to the company's strategic focus on high-margin brand operations, despite a decrease in overall revenue from this segment [2] - The company plans to continue optimizing its business structure to adapt to market changes and align with its strategic development needs [2]

Core Viewpoint - The company is undergoing a potential change in control as its major shareholder plans to transfer approximately 20% of its shares to a state-owned enterprise in Guangxi, which may lead to a shift in the company's governance structure [1][3]. Group 1: Company Overview - Southern Black Sesame Group Co., Ltd. was founded in 1984 and is a leading private enterprise in the black sesame industry, focusing on health products related to black sesame [5]. - The company is headquartered in Nanning, Guangxi, with production bases in multiple provinces including Guangxi, Anhui, Hubei, and Zhejiang [5]. - The product range includes black sesame paste, drinks, and health products, targeting the growing health-conscious market, especially among the elderly [5][6]. Group 2: Recent Developments - The company announced a temporary suspension of its stock trading starting August 4, 2025, due to the planned share transfer and potential control change [3]. - As of August 1, 2025, the company's stock price increased by 4.81%, reaching 6.54 CNY per share, with a total market capitalization of 4.928 billion CNY [9]. Group 3: Financial Performance - In 2024, the company reported a revenue of 2.465 billion CNY, a decrease of 7.92% year-on-year, attributed to strategic adjustments and the reduction of low-efficiency e-commerce operations [7]. - For the first quarter of the current year, the company achieved a revenue of 442 million CNY, down 3.74% year-on-year, with a net profit of 2.251 million CNY, reflecting a decline of 29.61% [8].

据了解，黑芝麻是一家以食品研发、生产和销售为一体专注于大健康食品经营的企业以及一站式电子商务服务商。目前主营业务涵盖以黑芝麻糊为代表的 黑色健康食品、黑芝麻饮料、大米、粗粮等食品的生产经营，以及电商平台经营业务。 8月4日，深交所公告，黑芝麻(000716)拟筹划控制权变更事项，经公司申请，公司股票于2025年8月4日开市起临时停牌，待公司通过指定媒体披露相关公 告后复牌。 值得注意的是，在最新年报中，黑芝麻提示公司所在市场竞争加剧。黑芝麻指出，国际品牌低价倾销，区域中小品牌低价抢单、产品同质化等现象时有发 生，食品行业内卷程度加剧。 同时，2024年黑芝麻第三方品牌电商业务收入下降。对此，公司表示，主要原因是公司执行"提质提效、效益优先"的战略调整，主动压缩了低效能的电商 业务。报告期公司根据电商行业的发展变化，专注高毛利率品牌业务经营，虽因经营的品项结构优化调整导致该项业务的营业收入有一定下滑，但经营效 益提升明显，业务资源得到进一步优化整合。后续公司大概率会持续推进该业务板块的调整优化，以适应市场变化和公司战略发展需求。校对：高源 目前，黑芝麻食品业务主要包括黑芝麻糊、黑芝麻丸、黑芝麻饼、黑芝麻糕、黑芝 ...