Financial Performance - The company's revenue for Q3 2025 was approximately ¥669.36 million, representing a decrease of 4.29% compared to the same period last year[4] - The total profit for the quarter was approximately ¥105.85 million, down 11.63% year-over-year[4] - The net profit attributable to shareholders was approximately ¥86.34 million, reflecting a decline of 14.55% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was approximately ¥85.46 million, a decrease of 14.82% year-over-year[4] - The basic earnings per share for the quarter was ¥0.0844, down 14.23% from the same period last year[5] - Total operating revenue for the first three quarters of 2025 was CNY 1,986,913,782.26, a decrease of 13.2% compared to CNY 2,288,179,457.58 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was CNY 259,682,447.80, a decline of 26.1% from CNY 351,561,228.45 in 2024[18] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.2537, down from CNY 0.3421 in 2024[19] - Operating profit for the first three quarters of 2025 was approximately ¥291.74 million, down 26.0% from ¥393.63 million in 2024[26] - Net profit for the first three quarters of 2025 was approximately ¥250.16 million, a decrease of 25.7% compared to ¥336.65 million in 2024[27] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥4.46 billion, a slight decrease of 0.36% from the end of the previous year[5] - The equity attributable to shareholders decreased by 6.75% to approximately ¥3.40 billion compared to the end of the previous year[5] - The company reported total current assets of CNY 2,554,723,565.51 as of September 30, 2025, a slight decrease from CNY 2,571,375,340.00 on December 31, 2024[12] - Total liabilities increased to CNY 1,062,076,991.90 from CNY 831,809,288.44, representing an increase of approximately 27.67%[14] - The company's total assets were reported at CNY 4,463,953,289.58, a slight decrease from CNY 4,480,078,506.32[13] - The equity attributable to shareholders decreased to CNY 3,401,876,297.68 from CNY 3,648,269,217.88, reflecting a decline of about 6.76%[14] - Short-term borrowings increased significantly to CNY 245,358,822.91 from CNY 70,049,194.45, marking an increase of approximately 250.51%[13] - The company reported a total of CNY 964,101,313.27 in current liabilities, up from CNY 727,339,280.06, indicating an increase of about 32.51%[14] Cash Flow - The cash flow from operating activities for the year-to-date was approximately ¥382.70 million, showing a slight increase of 1.40%[4] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 2,197,260,693.88, a decrease of 15.8% compared to CNY 2,609,196,510.21 in 2024[20] - Cash flow from operating activities for the first three quarters of 2025 was approximately ¥364.44 million, a slight decrease of 2.0% from ¥375.18 million in 2024[30] - Total cash inflow from investment activities increased significantly to 821,900,013.23 RMB from 282,981,458.84 RMB, primarily due to cash recovered from investments[21] - The net cash flow from investment activities was -250,649,163.10 RMB, compared to -230,221,745.19 RMB in the previous period, reflecting ongoing investment expenditures[21] - Cash inflow from financing activities was 331,200,000.00 RMB, up from 232,886,719.09 RMB, indicating increased borrowing activities[21] - The total cash outflow from financing activities was 688,291,123.90 RMB, compared to 596,968,458.35 RMB previously, showing higher cash distributions[21] - The ending cash and cash equivalents balance decreased to 876,451,531.59 RMB from 1,351,903,328.54 RMB, reflecting a net decrease of 225,036,891.63 RMB[21] Expenses - Total operating costs for the first three quarters of 2025 were CNY 1,697,772,208.20, down 10.8% from CNY 1,902,110,873.93 in 2024[17] - Cash paid for purchasing goods and services in the first three quarters of 2025 was CNY 1,051,458,034.68, down from CNY 1,591,703,161.82 in 2024[20] - Research and development expenses for the first three quarters of 2025 were CNY 63,667,218.38, an increase of 4.4% compared to CNY 61,016,527.97 in 2024[17] - Financial expenses for the first three quarters of 2025 showed a net income of CNY -23,673,604.34, an improvement from CNY -29,404,045.15 in 2024[17] - The company reported a decrease in sales expenses to CNY 325,449,783.90 in 2025 from CNY 320,910,896.45 in 2024, indicating a slight increase[17] - Research and development expenses for the first three quarters of 2025 were approximately ¥63.67 million, an increase of 4.3% from ¥61.02 million in 2024[26] - Sales expenses for the first three quarters of 2025 were approximately ¥308.22 million, an increase of 6.9% compared to ¥290.22 million in 2024[26] Shareholder Information - The company reported a total of 73,656 common shareholders at the end of the reporting period[9] - The company has no significant changes in the top 10 shareholders or their shareholding status[11] - The company has not engaged in any share lending or borrowing activities during the reporting period[11] Accounting Standards - The company has not applied new accounting standards for the year 2025[31]

每经AI快讯，千禾味业（SH 603027，收盘价：8.76元）10月30日晚间发布三季度业绩公告称，2025年 前三季度营收约19.87亿元，同比减少13.17%；归属于上市公司股东的净利润约2.6亿元，同比减少 26.13%。 截至发稿，千禾味业市值为117亿元。 每经头条（nbdtoutiao）——多地出现"负电价"，既然卖电"不挣钱"，为何电厂不愿停机？ （记者 张明双） ...

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个别及连带责任。 根据《<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》的相关规定，现将千禾味业食品股份有限公司(以下简称"公 司")2025 年三季度主要经营数据公告如下： 一、2025 年前三季度主要经营数据 1、按照产品类别分类情况 证券代码：603027 证券简称：千禾味业 公告编号：临 2025-038 千禾味业食品股份有限公司 2025 年三季度经营数据公告 单位：万元 币种：人民币 | 区域 | 2025 | 年前三季度 | 2024 | 年前三季度 | 同比变动（%） | | --- | --- | --- | --- | --- | --- | | 东部区域 | | 47,361.77 | | 49,801.22 | -4.90 | | 南部区域 | | 16,835.54 | | 16,817.99 | 0.10 | | 区域 | 2025 年前三季度 | 2024 年前三季度 | 同比变动（%） | | --- | --- | - ...

会议经过董事会充分讨论和认真审议，通过了如下决议： 1、审议并通过了《千禾味业食品股份有限公司 2025 年第三季度报告》 证券代码：603027 证券简称：千禾味业 公告编号：临 2025-037 千禾味业食品股份有限公司 第五届董事会第七次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 千禾味业食品股份有限公司（以下简称"公司"）第五届董事会第七次会议通知 于2025年10月20日以书面、电子邮件、电话形式通知了全体董事，会议于2025年 10月30日在公司会议室以现场结合通讯方式召开。本次会议应参加表决董事9名， 实际参加表决董事9名。会议由公司董事长伍超群先生主持，公司高级管理人员列 席了本次会议。本次会议的召集和召开符合《公司法》等有关法律、行政法规、 部门规章、规范性文件和《公司章程》的相关规定，会议形成的决议合法、有效。 二、董事会会议审议情况 公司董事会审计委员会对议案进行了事先审核，并同意将该报告提交董事会 审议。公司2025年第三季度报告真实、准确的反映了公司20 ...

证券代码：603027 证券简称：千禾味业 公告编号：临 2025-039 千禾味业食品股份有限公司 关于使用闲置自有资金购买国债逆回购的公告 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个别及连带责任。 千禾味业食品股份有限公司(以下简称"公司")第五届董事会第五次会议审 议通过了《关于使用闲置自有资金进行现金管理的议案》，同意公司使用额度不 超过 5 亿元的自有资金购买中低风险、流动性好的理财产品及国债逆回购等品种。 在上述额度内，该类资金可以自该事项经公司董事会审议通过之日起 12 个月内滚 动使用，授权公司董事长自该事项经公司董事会审议通过之日起 12 个月内行使现 金管理投资决策权。公司监事会、独立董事对此事项发表了明确同意意见。近期， 公司使用闲置自有资金人民币 12,000 万元滚动购买了上海证券交易所交易的国 债逆回购品种，现将相关事宜公告如下： 一、 使用闲置自有资金操作国债逆回购的基本情况 公司近期使用闲置自有资金购买上海证券交易所交易的国债逆回购品种，截 止本公告日，公司购买的国债逆回购品种具体情况如下： | | ...

Core Viewpoint - The company has recently utilized idle funds of 1.20 billion yuan to engage in reverse repurchase agreements of government bonds traded on the Shanghai Stock Exchange, indicating a strategic move to optimize cash management [1] Financial Summary - As of September 30, 2025, the amount invested in financial management represents 8.70% of the company's ending cash, 3.53% of net assets, and 2.69% of total assets, suggesting a limited impact on the company's main business and financial condition [1] - Over the past twelve months, the company has invested a total of 17.40 billion yuan in entrusted financial management, yielding a cumulative return of 1.95 million yuan, with no principal amount yet to be recovered [1] - There remains an unused financial management quota of 5.00 billion yuan, indicating potential for further investment opportunities [1]

千禾味业公告，第三季度营收为6.69亿元，下降4.29%；净利润为8634.44万元，下降14.55%。前三季度 营收为19.87亿元，下降13.17%；净利润为2.6亿元，下降26.13%。 ...

Market Overview - The seasoning and fermentation sector increased by 0.37% compared to the previous trading day, with Zhu Laoliu leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Zhu Laoliu (code: 920726) closed at 19.28, up 3.54% with a trading volume of 18,300 lots and a transaction value of 34.45 million yuan [1] - Richen Co., Ltd. (code: 603755) closed at 34.71, up 2.30% with a trading volume of 19,300 lots and a transaction value of 65.70 million yuan [1] - Angel Yeast (code: 600298) closed at 41.00, up 2.27% with a trading volume of 75,000 lots and a transaction value of 306 million yuan [1] - Other notable stocks include Zhongjing Food (code: 300908) up 1.46%, ST Jiajia (code: 002650) up 1.14%, and Tianwei Food (code: 603317) up 1.06% [1] Capital Flow - The seasoning and fermentation sector experienced a net outflow of 60.96 million yuan from institutional investors, while retail investors saw a net inflow of 48.05 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Zhongjing Food saw a net inflow of 10.29 million yuan from institutional investors, while retail investors had a net outflow of 6.36 million yuan [3] - Angel Yeast experienced a net inflow of 0.64 million yuan from institutional investors, with retail investors also seeing a net outflow of 0.48 million yuan [3] - Other stocks like Fuling Pickles and Baoli Food also showed varied capital flows, indicating differing investor sentiments across the sector [3]

Investment Rating - The investment rating for the industry is "Positive" and maintained [11] Core Insights - The clean label concept aims to simplify ingredient lists, reduce artificial additives, and enhance production transparency, allowing consumers to understand the natural attributes of food products, thereby building consumer trust [5][8] - The market for clean label products in China is expected to grow significantly, with a projected market size of approximately 96.5 billion yuan in 2024, accounting for about 3.31% of total food expenditure [5][9] - The clean label market is driven by short-term factors such as income levels and aging population, while long-term growth is influenced by education levels and policy advocacy [9][41] Summary by Sections Clean Label Market Overview - The clean label market is divided into raw materials and consumer products, with the raw materials market expected to reach approximately 406.9 billion yuan in 2024, and the consumer products market projected to be around 1.79 trillion yuan [28][35] - In 2024, the global clean label food consumption is expected to reach approximately 1.79 trillion yuan, with China's clean label food consumption at about 96.5 billion yuan, indicating significant growth potential [36][58] Factors Driving Clean Label Market Growth - Short-term growth is supported by rising income levels and an aging population, while long-term growth is driven by increased education levels and improved consumer awareness regarding food safety and health [41][52] - The clean label food expenditure ratio in China is projected to reach approximately 4.57% by 2028, with the overall food expenditure expected to reach 3.26 trillion yuan [63] Policy and Regulatory Developments - Recent policy changes in the seasoning and dairy sectors have introduced new clean label requirements, including stricter definitions of "zero additives" and regulations on the use of certain ingredients [70] - The regulatory landscape is shifting towards ensuring transparency and verifiability in food labeling, moving from a focus on safety to a focus on real, quantifiable standards [72]

Core Insights - The seasoning and fermentation sector saw a 0.39% increase on October 27, with Richen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance Summary - Richen Co., Ltd. (603755) closed at 34.18, up 4.85% with a trading volume of 23,300 shares and a turnover of 77.62 million yuan [1] - Baoli Food (603170) closed at 14.50, up 2.62% with a trading volume of 30,700 shares [1] - Anji Food (603696) closed at 12.20, up 1.84% with a trading volume of 65,800 shares [1] - Zhilin Pickles (002507) closed at 13.08, up 1.79% with a trading volume of 190,100 shares [1] - Jialong Co., Ltd. (002495) closed at 2.77, up 1.09% with a trading volume of 207,400 shares [1] - Angel Yeast (600298) closed at 40.62, up 1.02% with a trading volume of 62,300 shares [1] - Haitai Flavor Industry (603288) closed at 38.71, up 0.28% with a trading volume of 130,500 shares [1] Capital Flow Analysis - The seasoning and fermentation sector experienced a net outflow of 93.73 million yuan from institutional investors, while retail investors saw a net inflow of 1.04 million yuan [2] - Major stocks like Haitai Flavor Industry had a net inflow of 12.86 million yuan from institutional investors, but a net outflow of 51.90 million yuan from retail investors [3] - Richen Co., Ltd. had a net inflow of 6.45 million yuan from institutional investors, but also saw a net outflow of 7.80 million yuan from retail investors [3]