Analysis of Limit-Up Reasons and Market Trend Outlook for Namchow Food (605339)

Namchow Food Group (Shanghai) Co., Ltd. (stock code: 605339) hit the limit-up on November 21, 2025, with a closing price of 20.96 yuan and an increase of 10.03%, achieving a strong 3-day 2-limit-up performance [0]. This event stems from market attention to consumption upgrading and policy benefits in the food and beverage industry [3].

1. Industry Trend
   : The baking industry continues to grow, and consumption upgrading drives up food and beverage demand [5]; Namchow Food mainly operates baking oils, whipped cream and other products, directly benefiting from industry dividends [0].
2. Policy Support
   : Policies for high-quality development of the pre-made dish industry have been implemented, bringing development opportunities to related enterprises [6].
3. Capital Inflow
   : On the limit-up day, the turnover rate reached 9.32%, with a net transaction inflow of 189 million yuan, accounting for 2.12% of the circulating market value, and market capital attention increased significantly [0].

In Q1 2025, the company’s revenue was 789 million yuan (YoY +1.90%), but net profit was 28.9631 million yuan (YoY -62.21%), reflecting profitability pressure [0]. The stock price is currently in the middle-high range of its 52-week interval (15.02-22.28 yuan) [1].

: Baking industry growth dividends, pre-made dish policy support, continued consumption upgrading [5,6];
: YoY net profit decline, intensified market competition, high-level volatility risk [0,3].

In the short term, the stock may continue to perform actively, but attention should be paid to the risk of high-level pullback [3]; in the long term, the company’s cost control ability and performance improvement need to be monitored to verify growth sustainability [0].