北京三元食品股份有限公司（简称"公司"）股票于 2025 年11 月7 日、11 月10 日和11 月11 日连续3 个交易日内日收盘价格涨幅偏离值累计超过20%，根据 《上海证券交易所交易规则》的有关规定，属于股票交易异常波动情形。2025 年11 月12 日，公司股票再次涨停。敬请投资者关注投资风险。 股票代码：600429 股票简称：三元股份 公告编号：2025-045 北京三元食品股份有限公司 股票交易风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司股票短期涨幅与同期上证指数、食品制造业存在严重偏离，可能存在市 场情绪过热、非理性炒作风险。 有报道称公司旗下子公司北京三元梅园食品有限公司（简称"三元梅园"）销 售奶皮子糖葫芦相关信息。经核查，奶皮子糖葫芦为三元梅园推出的季节性产品， 销售周期仅几个月，收入规模占比极小。敬请广大投资者注意风险，理性投资。 一、二级市场交易风险 公司股票于2025 年11 月7 日、11 月10 日和11 月11 日连续3 个交易日内日收 盘价格涨幅偏离值 ...

Core Viewpoint - San Yuan Co., Ltd. (600429.SH) has reported that its subsidiary, Beijing San Yuan Mei Yuan Food Co., Ltd. (referred to as "San Yuan Mei Yuan"), is involved in the sales of a seasonal product called milk skin candy hawthorn. The revenue generated from this product is minimal and only contributes to a short sales period of a few months [1]. Group 1 - San Yuan Mei Yuan has launched a seasonal product, milk skin candy hawthorn, which has a limited sales cycle [1]. - The revenue contribution from the milk skin candy hawthorn is very small relative to the overall business [1].

Core Viewpoint - The dairy sector remains active, with significant stock price movements, particularly for Sanyuan Foods, which has seen a notable increase in its stock price and strong financial performance [1][2]. Group 1: Stock Performance - The dairy sector rose by 0.44% as of November 12, with Sanyuan Foods hitting a "limit up" and achieving a "three consecutive limit up" in stock price [1]. - Sanyuan Foods reported a cumulative stock price deviation of over 20% in three consecutive trading days, indicating abnormal trading activity [1]. - Other companies in the sector, such as *ST Tianshan and Ketaobiotech, also experienced stock price increases, with some exceeding 10% and 5% gains, respectively [1]. Group 2: Financial Performance - For the first three quarters of the year, Sanyuan Foods achieved a revenue of 4.871 billion yuan and a net profit of 236 million yuan, marking a year-on-year increase of 124.84% [1]. - The company's net cash flow from operating activities reached 329 million yuan, reflecting a significant year-on-year growth of 387% [1][2]. Group 3: Market Trends and Strategic Positioning - Sanyuan Foods benefits from a strong market position as a regional dairy leader, supported by a growing interest in the food and beverage sector and a favorable investment environment [2]. - The company has focused on low-temperature dairy products, leveraging its "100% self-owned milk source" and "T+0 listing" as key selling points [2][3]. - The recent popularity of traditional dairy products, such as "milk skin candy," has positively impacted market sentiment and capital interest in the dairy sector [3]. Group 4: Industry Insights - The dairy industry is undergoing structural upgrades, with products that have technical barriers and cultural significance gaining competitive advantages [3]. - Sanyuan Foods' strategic focus on core business and low-temperature products aligns well with current consumer trends that prioritize quality and experience [3].

New Stock Issuance - The stock code 300277 (Hai Lian Xun) has a subscription period for acquisition rights from November 12 to November 18, 2025[1] - Stock code 688353 (Hua Sheng Lithium) reported severe abnormal fluctuations on November 11, 2025[1] - Stock code 603122 (He Fu China) has an announcement dated November 8, 2025[1] Trading Alerts - Stock code 601888 (China Zhong Mian) has an announcement dated November 12, 2025[1] - Stock code 600537 (Yi Jing Guang Dian) has an announcement dated November 12, 2025[1] - Stock code 688028 (Wo Er De) has an announcement dated November 12, 2025[1] Abnormal Fluctuations - Stock code 600815 (Xia Gong Co.) reported abnormal fluctuations on November 6, 2025[2] - Stock code 603557 (ST Qi Bu) reported abnormal fluctuations on November 7, 2025[3] - Stock code 002478 (Chang Bao Co.) reported abnormal fluctuations on November 7, 2025[3]

Core Insights - The beverage and dairy sector experienced a slight increase of 0.43% on November 12, with San Yuan leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - San Yuan (600429) saw a closing price of 6.62, with a significant increase of 9.97% and a trading volume of 116,500 shares, amounting to 77.11 million yuan [1] - Huanle Jia (300997) closed at 28.15, up 7.32%, with a trading volume of 435,100 shares, totaling 1.17 billion yuan [1] - Other notable performers include Quan Yang Quan (681009) with a 2.00% increase, and Yi Li (600887) with a 0.46% increase [1] Capital Flow - The beverage and dairy sector saw a net outflow of 96.97 million yuan from institutional investors, while retail investors contributed a net inflow of 291 million yuan [2] - The capital flow data indicates that major stocks like Yi Li (600887) experienced a net inflow of 77.74 million yuan from institutional investors, despite a net outflow from retail investors [3] - San Yuan (600429) had a net inflow of 29.83 million yuan from institutional investors, but also faced significant outflows from retail investors [3]

Core Viewpoint - The market experienced a slight decline with the Shanghai Composite Index dropping 0.07%, while defensive sectors such as pharmaceuticals and oil & gas showed strength amidst a broader market downturn [1] Market Performance - The total trading volume in the Shanghai and Shenzhen markets was 1.95 trillion, a decrease of 48.6 billion compared to the previous trading day [1] - Over 3,500 stocks in the market experienced declines, indicating a broad market weakness [1] Sector Analysis - Defensive sectors collectively performed well, with the oil and gas sector seeing significant gains, leading to stocks like PetroChina and Zhenhua Oil reaching their daily limit [1] - The pharmaceutical sector continued to rise, particularly in cell immunotherapy, with stocks such as Kaineng Health and Jimin Health hitting their daily limit [1] - The banking sector showed strong performance, with Agricultural Bank of China and Industrial and Commercial Bank of China both reaching historical highs [1] - The consumer sector was selectively active, with stocks like Sanyuan and Zhongrui achieving three consecutive trading limit increases, and Dongbai Group seeing four limit increases in six days [1] - The lithium battery sector experienced a late rally, with Tianji shares achieving three limit increases in four days [1] Declining Sectors - The superhard materials sector faced a collective decline, with World falling over 10% [1] - Sectors such as insurance, pharmaceuticals, and oil & gas saw the largest gains, while sectors like cultivated diamonds, photovoltaics, and controllable nuclear fusion experienced the largest declines [1]

Core Viewpoint - The Shanghai Composite Index decreased by 0.21% today, with significant declines in the electric equipment sector, which saw the largest drop of 2.31% [2] Industry Performance Summary - The oil and petrochemical sector led the gains with an increase of 1.27%, followed by the banking sector at 1.10% and the comprehensive sector at 1.01% [2] - The electric equipment sector experienced the largest decline at 2.31%, followed by the defense and military industry at 1.70% and the computer sector at 1.28% [2] - A total of 1513 stocks rose, with 65 hitting the daily limit up, while 3819 stocks fell, including 10 hitting the daily limit down [2] Trading Volume and Value - The total trading volume reached 1,081 million shares, with a total transaction value of 15,923.01 billion yuan, reflecting a decrease of 1.61% compared to the previous trading day [2]

Market Overview - The A-share market experienced a decline in early trading on November 12, with the Shanghai Composite Index down by 0.23%, the Shenzhen Component Index down by 1.07%, and the ChiNext Index down by 1.58% [1][2] - The market's half-day trading volume reached 1.27 trillion, with over 4,000 stocks declining [1][2] Index Performance - Shanghai Composite Index: 3993.35, down 9.40 points (-0.23%) - Shenzhen Component Index: 13146.42, down 142.59 points (-1.07%) - ChiNext Index: 3084.70, down 49.62 points (-1.58%) - Other indices such as the CSI 300 and CSI 500 also showed declines [2] Sector Performance - The banking sector showed resilience, with Agricultural Bank of China and Industrial and Commercial Bank of China reaching historical highs. Agricultural Bank's market capitalization surpassed 3 trillion [3] - Notable stock performances included Agricultural Bank up over 3%, Bank of China up over 2%, and other banks like Industrial and Commercial Bank and Postal Savings Bank up over 1% [3][4] - The consumer sector, particularly food and beverage stocks, was active, with companies like Zhongrui and Sanyuan showing significant gains due to supportive policies aimed at boosting domestic demand [4] Economic Insights - An economist noted that the consumer sector's activity is supported by positive macroeconomic data, including favorable inflation rates in October, which has provided a basis for the rise in consumer stocks [4] - The technology sector, particularly in computing power, robotics, and AI, remains a key focus of the current bull market, despite some short-term corrections [5] - The ongoing demand for computing power from companies like OpenAI indicates that the market for AI-related technologies may continue to thrive [5]

Market Overview - The A-share market experienced a weak performance in the morning session, with the Shanghai Composite Index down 0.23%, the Shenzhen Component Index down 1.07%, and the ChiNext Index down 1.58% as of midday [1][2] - The total trading volume for the half-day reached 1.27 trillion yuan, with over 4,000 stocks declining [1] Index Performance - Shanghai Composite Index: 3993.35, down 9.40 points (-0.23%) [2] - Shenzhen Component Index: 13146.42, down 142.59 points (-1.07%) [2] - ChiNext Index: 3084.70, down 49.62 points (-1.58%) [2] - Other indices such as the CSI 300 and CSI 500 also showed declines [2] Sector Performance - Sectors such as oil and gas, insurance, and pharmaceutical commerce saw gains, while the banking sector performed strongly, with Agricultural Bank of China and Industrial and Commercial Bank of China reaching historical highs [3][4] - Agricultural Bank of China rose over 3%, China Bank increased over 2%, and other banks like Postal Savings Bank and Construction Bank also saw gains [3][4] Consumer Sector Activity - The consumer sector, particularly food and beverage stocks, showed resilience, with companies like Zhongrui Co. and Sanyuan Foods experiencing consecutive gains [3][4] - Economic expert Pan Helin noted that the consumer sector's activity is supported by positive policy signals aimed at boosting domestic demand and favorable macroeconomic data from October [4] Technology Sector Insights - The technology sector, including computing power, robotics, and AI, remains a key focus of the current bull market, despite recent pullbacks [5] - Pan Helin indicated that while valuations in the computing power segment may be high, the demand for computing chips remains strong, particularly from companies like OpenAI [5]

Group 1 - The dairy sector remains active, with San Yuan Co., Ltd. achieving three consecutive trading limits [1] - Other companies such as Keta Bio, Zhuangyuan Pasture, Western Pastoral, Liziyuan, and Sunshine Dairy also experienced upward movement [1]