香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD. 佛山市海天調味食品股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3288） 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 证券代码：603288 证券简称：海天味业 公告编号：2026-002 佛山市海天调味食品股份有限公司 2025年回报股东特别分红权益分派实施公告 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。 茲載列佛山市海天調味食品股份有限公司（「本公司」）在上海證券交易所網站 ( www.sse.com.cn )刊登的本公司2025年回報股東特別分紅權益分派實施公告，僅 供參閱。 佛山市海天調味食品股份有限公司 董事會 香港，2026年1月30日 於本公告日期，本 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD. 佛山市海天調味食品股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3288） 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列佛山市海天調味食品股份有限公司（「本公司」）在上海證券交易所網站 ( www.sse.com.cn )刊登的關於佛山市海天調味食品股份有限公司差異化分紅之法 律意見書，僅供參閱。 佛山市海天調味食品股份有限公司 董事會 香港，2026年1月30日 於本公告日期，本公司董事會成員包括：(i)執行董事程雪女士、管江華先生、黃 文彪先生、文志州先生、廖長輝先生及代文先生；及(ii)獨立非執行董事張科春先 生、屈文洲先生及丁邦清先生。 北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮编：100025 34/F, Tower ...

本所律师依据《公司法》《证券法》《自律监管指引第 7 号》《律师事务所 从事证券法律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》 等规定以及在本法律意见书出具日之前已经发生或存在的事实出具法律意见。本 所已经严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，对与本次差异化 分红有关的事项进行了充分的核查验证，保证本法律意见书认定的事实真实、准 确、完整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者 重大遗漏，并承担相应法律责任。 本所仅就与贵公司本次差异化分红相关的法律问题发表意见，且仅根据中国 现行法律法规发表法律意见，并不依据任何中国境外法律发表法律意见。本所不 对贵公司本次差异化分红所涉及的相关问题的合理性以及会计、财务等非法律专 业事项发表意见。在本法律意见书中对有关财务数据或结论进行引述时，本所已 履行了必要的注意义务，但该等引述不应视为本所对这些数据、结论的真实性和 准确性作出任何明示或默示的保证。 对于出具本法律意见书至关重要而又无法得到独立证据支持的事实，本所依 赖于有关政府主管部门、贵公司及其他有关机构出具的说明或证明文件而出具相 应的法律意见。 本法律意见书仅 ...

证券代码：603288 证券简称：海天味业 公告编号：2026-002 佛山市海天调味食品股份有限公司 2025年回报股东特别分红权益分派实施公告 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： 每股分配比例 A 股每股现金红利人民币 0.30元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2026/2/5 | － | 2026/2/6 | 2026/2/6 | 差异化分红送转：是 佛山市海天调味食品股份有限公司（以下简称"公司"）H 股股东的现金红利派 发不适用本公告，具体可参阅公司在香港联合交易所有限公司披露易网站 （www.hkexnews.hk）发布的相关公告。 一、通过分配方案的股东会届次和日期 本次利润分配方案经公司2026 年 1 月 9 日的2026年第一次临时股东会审议通过。 1 证券账户的股份不参与本次利润分配。 3. 差异化分红送转方案： （1）本次差 ...

南财智讯1月30日电，海天味业发布2025年回报股东特别分红权益分派实施公告，每股派发现金红利人 民币0.30元（含税），股权登记日为2月5日。 ...

海天味业公告，本次实施权益分派股权登记日，公司总股本5,851,824,944股（其中A股5,560,600,544 股，H股291,224,400股），扣除公司回购专用证券账户持有的A股5,289,491股后，以实际参与利润分配 的股份5,846,535,453股为基数，每股派发现金红利人民币0.30元（含税），共计派发现金红利人民币 1,753,960,635.90元（含税），其中A股共派发现金红利人民币1,666,593,315.90元（含税）。 ...

Core Viewpoint - China has been the most aggressive testing ground for industrial intelligence over the past decade and is set to build the world's most advanced artificial intelligence factory clusters in the next decade [2][43]. Group 1: AI in the Workplace - Employees have mixed feelings about AI, hoping it will reduce their workload while fearing job displacement, with 75% of decision-makers more concerned about missing AI opportunities than wasting money [3][4]. - Many manufacturing enterprises are hesitant to adopt AI due to uncertainty about implementation and fear of ineffective investments [4][6]. Group 2: Challenges in AI Adoption - The primary challenges faced by manufacturing companies in adopting AI include: - **Data Utilization**: Many factories invest heavily in data collection but end up with "dead" data that is outdated or inconsistent, making it difficult to train AI effectively [6][7]. - **Overwhelming Technology Choices**: The vast array of AI applications in manufacturing creates confusion, leading companies to either follow trends blindly or remain inactive [8]. - **High Cost of Trial and Error**: The unique nature of industrial applications means that the costs associated with failed AI implementations can be prohibitively high [9][10]. Group 3: Successful AI Implementation Strategies - Successful companies often start by addressing a specific, pressing issue rather than attempting to create a comprehensive smart factory from the outset [12][14]. - AI serves as a "super assistant" to human workers, solving problems that were previously difficult or costly to address [15]. Group 4: Case Studies - In the Hai Tian factory, AI has transformed traditional processes, such as selecting soybeans, by using advanced scanning technology to improve efficiency and accuracy [17][18]. - The Haier factory employs a VR welding training system that enhances safety and reduces training time by 30% [20]. - At the Zeekr factory, AI systems optimize collaboration between robots and workers, resulting in a 30% increase in assembly efficiency and a 25% reduction in defect rates [23]. Group 5: AI+Manufacturing Practical Training Camp - The "AI+Manufacturing" practical training camp aims to help enterprises understand and implement AI effectively by providing real-world case studies and expert guidance [28][30]. - Participants will engage in deep discussions with factory leaders and AI engineers to understand the rationale behind their AI implementations and the challenges faced [32]. - The camp emphasizes output, with each participant leaving with a personalized action plan tailored to their company's specific needs and constraints [34][35].

Investment Rating - The report assigns an "Outperform" rating to multiple companies in the consumer staples sector, including Guizhou Moutai, Wuliangye, Luzhou Laojiao, and others, indicating a positive outlook for these stocks [1]. Core Insights - There is an intensified divergence among mid-to-high-end baijiu products, with no discount contraction observed in food and beverage categories [1]. - The report highlights that the wholesale prices of various baijiu brands have shown stability or slight changes, with some brands experiencing price increases while others remain flat or decrease [3][4][35]. - Discounts on representative products in condiments, liquid milk, and soft drinks have widened compared to the end of December, indicating a shift in pricing strategies [19][32]. Summary by Relevant Sections Baijiu Pricing - Guizhou Moutai's wholesale prices for Feitian (case and single bottle) and Moutai 1935 are reported at 1600, 1580, and 630 yuan respectively, with changes of 0, -10, and -10 yuan compared to last month [35]. - Wuliangye's eighth-generation price is 830 yuan, reflecting a +10 yuan increase from the previous month [35]. - Luzhou Laojiao's Guojiao 1573 remains at 850 yuan, unchanged from last month [35]. Discount Trends - The average discount rate for condiments decreased from 87.1% to 85.0%, while liquid milk discounts fell from 62.8% to 61.4% [19][22]. - In contrast, discounts for beer, infant formula, and convenience foods remained stable, with beer discounts slightly increasing from 80.3% to 80.7% [20][22][32]. Company Ratings - The report lists several companies with an "Outperform" rating, including: - Guizhou Moutai - Wuliangye - Luzhou Laojiao - Qingdao Beer - China Feihe - Others [1].

Investment Rating - The report rates the food and beverage sector as "Overweight" [4][6]. Core Insights - The allocation ratio for the food and beverage sector has decreased quarter-on-quarter, with significant reductions in the allocation for both liquor and non-liquor segments. Conversely, other segments such as beverages, dairy products, and snacks have seen an increase in allocation [2][16]. - The report suggests focusing on five main investment lines, emphasizing opportunities arising from supply-demand clearing. Recommended stocks include Guizhou Moutai, Wuliangye, and Luzhou Laojiao for liquor; Eastroc Beverage and Nongfu Spring for beverages; and various companies in the snack and food processing sectors [6][32]. Summary by Sections 1. Sector Allocation Trends - The allocation ratio for food and beverage stocks among actively managed equity mutual funds has continued to decline for seven consecutive quarters, reaching 4.04% in Q4 2025, ranking ninth among all sectors [8][11]. - The allocation for liquor stocks decreased to 2.92%, driven by declines in leading brands such as Wuliangye and Shanxi Fenjiu [16][18]. 2. Sub-Sector Performance - Liquor and non-liquor segments saw a reduction in allocation, while other segments like snacks and dairy products experienced increases. The allocation for snacks rose to 0.26%, and dairy products to 0.44% [16][17]. - Specific stock movements include a decrease in holdings for major liquor brands, while dairy leaders like Yili and Mengniu saw increases in their allocation ratios [23][24]. 3. Individual Stock Analysis - Major liquor stocks such as Guizhou Moutai and Wuliangye experienced significant reductions in their mutual fund holdings, with Moutai down by 0.8% and Wuliangye down by 13.2% [19][20]. - In the beverage sector, Eastroc Beverage's holdings decreased by 4.16%, while Yili's increased by 3.42% [23][24]. - Snack companies like Wancheng Group and Ximai Foods saw increases in their allocation ratios, indicating a positive trend in the snack segment [26][27]. 4. Valuation and Earnings Forecast - The report includes a section on earnings forecasts and valuations, indicating a cautious outlook for the food and beverage sector amidst changing consumer preferences and market dynamics [32].

Core Insights - The seasoning and fermentation sector experienced a 3.11% increase on January 29, with Zhu Laoliu leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Zhu Laoliu (code: 920726) closed at 25.33, up 9.42% with a trading volume of 107,900 shares and a transaction value of 259 million [1] - Tianwei Food (code: 603317) closed at 13.10, up 5.14% with a trading volume of 115,100 shares and a transaction value of 148 million [1] - Haitian Flavoring (code: 603288) closed at 36.40, up 4.09% with a trading volume of 384,200 shares and a transaction value of 1.371 billion [1] - Qianhe Flavoring (code: 603027) closed at 10.19, up 3.66% with a trading volume of 200,500 shares and a transaction value of 201 million [1] - Other notable stocks include: - Haoling Zicai (code: 002507) closed at 13.36, up 2.69% [1] - Zhongju Gaoxin (code: 600872) closed at 18.16, up 2.66% [1] Capital Flow - The seasoning and fermentation sector saw a net inflow of 314 million from main funds, while retail funds experienced a net outflow of 183 million [2] - The main funds' net inflow and outflow for specific stocks include: - Haitian Flavoring: net inflow of 208 million, net outflow of 73.75 million from retail [3] - Lianhua Holdings: net inflow of 51.06 million, net outflow of 27.86 million from retail [3] - Zhu Laoliu: net inflow of 30.72 million, net inflow of 514.26 million from retail [3]