Core Viewpoint - Xue Tian Salt Industry stated on October 31 that relevant company information should be based on publicly disclosed periodic reports and temporary announcements on the Shanghai Stock Exchange website [2] Group 1 - The company responded to investor inquiries on an interactive platform [2] - The company emphasized the importance of relying on official disclosures for accurate information [2]

证券日报网讯雪天盐业（600929）10月31日在互动平台回答投资者提问时表示，公司高度关注政策和行 业动态，并将积极应对市场变化。 ...

Core Viewpoint - Xue Tian Salt Industry is a leading company in the domestic salt industry, established in December 2011 and listed on the Shanghai Stock Exchange in March 2018, with a full industry chain advantage and well-known brands like "Xue Tian" [1] Group 1: Business Performance - In Q3 2025, Xue Tian Salt Industry achieved a revenue of 3.244 billion yuan, ranking 3rd among 10 companies in the industry, with the industry leader, Zhongyan Chemical, generating 8.773 billion yuan [2] - The main business composition includes various salts at 2.222 billion yuan (41.17%), soda ash at 1.381 billion yuan (25.62%), ammonium chloride at 658 million yuan (12.20%), and caustic soda at 514 million yuan (9.53%) [2] - The net profit for the same period was 36.4781 million yuan, ranking 10th in the industry, with the top performer, Su Yan Jingshen, reporting a net profit of 417 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio of Xue Tian Salt Industry was 25.93%, down from 27.72% year-on-year, which is lower than the industry average of 31.20% [3] - The gross profit margin for Q3 2025 was 21.98%, a decrease from 27.22% year-on-year, and also below the industry average of 23.23% [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Liu Shaohua in 2024 was 388,100 yuan, a decrease of 168,300 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders was 37,500, a decrease of 9.21% from the previous period, while the average number of circulating A-shares held per household increased by 10.14% to 43,700 [5]

Core Points - The 34th China Chef Festival and the 2025 China Culinary and Catering Expo were held in Suzhou, showcasing the integration of culinary culture and health concepts [1] - Xue Tian Salt Industry emphasized "technology, health, and heritage" at their exhibition, presenting a range of salt products including ecological well salt and low-sodium seaweed iodized salt [1] - The event marked the launch of the "Reduce Salt Without Reducing Flavor" initiative, promoting a consensus in the catering industry on salt reduction and scientific salt usage [1] Company Initiatives - Xue Tian Salt Industry introduced product packages aimed at reducing salt intake, tailored for different seasons, demographics, and scenarios, providing scientific salt solutions for households and the food industry [1] - The company collaborated with renowned chefs from the eight major Chinese cuisines to promote the "Reduce Salt Action," highlighting the importance of health in culinary practices [1] - The chairman of Hunan Salt Industry Group and Xue Tian Salt Industry, Ma Tianyi, stated that the initiative is a response to national health needs, emphasizing the broader value of Chinese brands beyond market share [1]

Core Insights - The 34th China Chef Festival and the 2025 China Culinary and Catering Expo were held in Suzhou, showcasing the international influence and innovative vitality of the Chinese catering industry [1] - The event attracted representatives from over 40 countries and nearly 1,000 enterprises, with more than 100,000 experts and attendees participating [1] Group 1: Health and Innovation - The festival focused on the trends of "healthy eating" and "smart cooking," with Snow Salt Industry Group launching the initiative "Reduce Salt Without Reducing Flavor" to promote healthy salt usage [3][4] - The initiative was supported by renowned chefs from the eight major Chinese cuisines, emphasizing a consensus on reducing salt at the source and using salt scientifically [3][5] Group 2: Product Development - Snow Salt Industry introduced various low-sodium products and salt packages tailored for different seasons, demographics, and scenarios, providing practical support for families, restaurants, and the food industry [3][4] - The launch of the AI smart tool "Salt Awareness" allowed guests to receive personalized salt reduction plans and dietary suggestions through a QR code scan [3] Group 3: Industry Collaboration - The event served as a platform for collaboration between industry associations, leading state-owned enterprises, and top culinary masters, reinforcing the "Healthy China" strategy and promoting the "Three Reductions, Three Health" concept [5] - The integration of health concepts and smart technology at the festival positions it as a significant industry trendsetter [4]

Core Viewpoint - The company Snow Tian Salt Industry Group Co., Ltd. has released its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information provided in the report [1][2]. Financial Data Summary - The third-quarter financial statements have not been audited [3]. - The report includes major accounting data and financial indicators, with specific details to be disclosed in subsequent sections [3]. - Non-recurring gains and losses are applicable, and the company is required to explain any significant items classified as non-recurring [4]. Shareholder Information - The company plans to introduce external investors through a capital increase in its subsidiary, Hunan Snow Tian Salt and Alkali New Materials Co., Ltd., with an investment amount of RMB 30 million from Jianxin Financial Asset Investment Co., Ltd. and an additional RMB 31.2 million from Snow Tian Salt Industry [6]. Operational Highlights - The company has reported changes in the number of distributors, with an increase in out-of-province distributors due to an upgraded marketing strategy aimed at high-quality development and market expansion [10]. - The decrease in in-province distributors is attributed to the optimization of customer information within the system [10].

Core Insights - The company reported a revenue of 3.244 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 21.99% [1] - The net profit attributable to the parent company was 32.63 million yuan, down 90.37% year-on-year [1] - The company experienced a non-recurring net profit loss of 6.4 million yuan [1] - Basic earnings per share were reported at 0.0198 yuan [1] Financial Performance - Revenue for the first three quarters: 3.244 billion yuan, a decrease of 21.99% compared to the previous year [1] - Net profit attributable to the parent company: 32.63 million yuan, a significant drop of 90.37% year-on-year [1] - Non-recurring net profit: loss of 6.4 million yuan [1] - Basic earnings per share: 0.0198 yuan [1]

Group 1 - The core viewpoint of the article highlights the significant decline in the financial performance of Xue Tian Salt Industry in Q3 2023, with revenue dropping by 21.99% year-on-year to approximately 3.244 billion yuan and net profit decreasing by 90.37% to around 32.63 million yuan [1][1][1] - The basic earnings per share for the company fell to 0.0198 yuan, reflecting a year-on-year decrease of 90.3% [1][1][1] Group 2 - The article also mentions the broader context of the Chinese innovative pharmaceutical market, noting that overseas licensing deals have generated sales of 80 billion USD this year, indicating a robust secondary market for biomedicine [1][1][1] - A conversation with Lu Gang, a partner at Chuangdong Investment, points out the contrast between the hot secondary market and the cooling fundraising environment in the primary market for biomedicine [1][1][1]

Core Viewpoint - Xue Tian Salt Industry reported a significant decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating income of 3.244 billion yuan, representing a year-on-year decrease of 21.99% [1] - The net profit attributable to shareholders was 32.6293 million yuan, down 90.37% year-on-year [1] - Basic earnings per share were 0.0198 yuan, reflecting a decline of 90.30% compared to the same period last year [1]

证券代码：600929 证券简称：雪天盐业 公告编号：2025-050 雪天盐业集团股份有限公司 2025 年第三季度主要经营数据公告 2、按销售渠道分类情况： | 销售渠道 | 本期营业收入（单位：万元） | | --- | --- | | 直销 | 43,328.38 | | 经销 | 53,396.24 | | 合计 | 96,724.62 | 3、按地区分布分类情况： | 分地区 | 本期营业收入（单位：万元） | | --- | --- | | 省内 | 17,612.81 | | 省外 | 79,111.81 | | 合计 | 96,724.62 | 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。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第 3 号行业信息披露：第十四号——食品制造》的要求，雪天盐业集团 股份有限公司（以下简称公司）现将 2025 年第三季度主要经营数据 披露如下： 一、公司 2025 年第三季度主要经营情况 1、按产品类别分类情况： | 产品名称 | 本期营业收入（单位：万元） | ...