佛山市海天调味食品股份有限公司 2025 年第三季度报告 证券代码：603288 证券简称：海天味业 佛山市海天调味食品股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 注："本报告期"指本季度初至本季度末 3 个月期间，下同。 （二） 非经常性损益项目和金额 √适用 □不适用 一、主要财务数据 （一） 主要会计数据和财务指标 1 / 11 单位：元 币种：人民币 项目 本报告期 本报告期比上 年同期增减变 动幅度(%) 年初至报告期末 年初至报告期末 比上年同期增减 变动幅度(%) 营业收入 6,397,972,128.31 2.48 21,627,895,206.21 6.02 利润总额 1 ...

Core Viewpoint - The company, Haitian Flavor Industry Co., Ltd. (海天味业), has entered into a property lease agreement with Foshan Tiande, which will enhance its operational efficiency through improved office facilities [1] Group 1: Lease Agreement Details - The lease agreement is set to commence on December 1, 2025, and will last until November 30, 2028 [1] - The leased property is located at No. 29, Jinming Road, Guicheng Street, Nanhai District, Foshan City [1] Group 2: Strategic Implications - The new office space is expected to provide more convenient and efficient facilities for the company's daily operations [1] - Factors considered in the decision to lease include the property's location, building area, and internal and surrounding facilities [1]

Core Viewpoint - Haitai Flavor Industry (603288) has entered into a property lease agreement with Foshan Tiande, which will enhance the company's operational efficiency through improved office facilities [1] Group 1: Lease Agreement Details - The lease agreement is for a property located at No. 29, Jinming Road, Guicheng Street, Nanhai District, Foshan City [1] - The lease term is from December 1, 2025, to November 30, 2028 [1] Group 2: Operational Impact - The new leased property will be used as an office space [1] - The company believes that the location, building area, and surrounding facilities will provide more convenient and efficient office facilities, thereby improving daily business operations [1]

Core Viewpoint - The company has entered into a property lease agreement with Foshan Tiande, which will enhance its operational capacity in the region [1] Group 1: Lease Agreement Details - The lease agreement is for a portion of the property located at Jinming Road No. 29, Guicheng Street, Nanhai District, Foshan City [1] - The lease term is set to commence on December 1, 2025, and will last until November 30, 2028 [1]

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]

Group 1 - The Shanghai Composite Index surpassed 4000 points, reaching a nearly ten-year high, indicating a significant recovery in the A-share market [1] - A total of 8 IPOs were launched on October 28, with all new stocks experiencing an increase by the end of the trading day [1] - The A-share market has seen 87 new listings in 2025, raising over 901 billion yuan, surpassing the total fundraising amount of the previous year [1] Group 2 - The Hong Kong IPO market has also rebounded, with 78 companies listed in 2025, raising over 1991 million HKD, more than double the total from the previous year [1] - Major IPOs from companies like CATL, Zijin Mining, and others have driven the Hong Kong Stock Exchange to lead global IPO financing in the first three quarters of 2025 [1][4] - Hundreds of companies are currently in the IPO queue, indicating a robust pipeline for future listings [1] Group 3 - The Beijing Stock Exchange focuses on serving innovative small and medium-sized enterprises, particularly in specialized and innovative sectors, with lower entry barriers and shorter review periods [2] - The first three quarters of 2025 saw 286 new applications for IPOs in Hong Kong, with many companies from new economy sectors such as electric vehicles and biotechnology [3] Group 4 - The majority of companies going public in Hong Kong are from mainland China, with 234 mainland enterprises having filed for IPOs as of October 24, 2025 [4] - Regulatory support, including lowered listing thresholds for specialized technology companies and improved approval processes, has contributed to the vibrant IPO market in Hong Kong [4]

Group 1 - The three major indices closed collectively higher, with the Shanghai Composite Index approaching 4000 points, continuing to refresh its yearly high, while the ChiNext Index rose nearly 2% [1] - The food and beverage sector continued to experience a pullback, with the Tianhong Food and Beverage ETF (159736) declining by 0.14% on October 27, despite a trading volume exceeding 34 million yuan [1] - The Tianhong Food and Beverage ETF has seen continuous inflows, accumulating over 87 million yuan in the last five trading days, indicating that investors are buying more as prices drop [1] Group 2 - In September, the overall operation of the consumer market remained stable, with total retail sales of consumer goods reaching 4.20 trillion yuan, a year-on-year increase of 3.0% [2] - Zhujiang Brewery reported a revenue of 5.07 billion yuan for Q3 2025, a year-on-year increase of 3.8%, and a net profit of 944 million yuan, up 17.1% year-on-year [2] - The outlook report from Zhongyou Securities indicates that the white liquor market is gradually bottoming out, with continued demand for mass-market tea chains and snack foods, while the dairy and catering supply chain sectors are improving [2]

格隆汇10月28日丨根据联交所最新权益披露资料显示，2025年10月22日，海天味业(03288.HK)获GIC Private Limited在场内以每股均价32.4745港元增持157.5 万股，涉资约5114.73万港元。 增持后，GIC Private Limited最新持股数目为3564.91万股，持股比例由11.70%上升至12.24%。 | 股份代號: | 03288 | | --- | --- | | 上市法國名稱: | 佛山市海天調味食品股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 28/09/2025 - 28/10/2025 | | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 費出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 | | --- | --- | --- | --- | --- | --- | --- | | | 전 | 原因 | 股份數目 | | ( 請參閱上述 * 註 | 有投票權股 (日 / 月 / 年) | | | | | | | | 份百分比 | | | | | | | | (%) | | CS202510 ...

香港联交所最新资料显示，10月22日，新加坡政府投资公司增持海天味业(03288)157.5万股，每股作价 32.4745港元，总金额约为5114.73万港元。增持后最新持股数目为3564.91万股，最新持股比例为 12.24%。 ...

香港联交所最新资料显示，10月22日，新加坡政府投资公司增持海天味业（603288）(03288)157.5万 股，每股作价32.4745港元，总金额约为5114.73万港元。增持后最新持股数目为3564.91万股，最新持股 比例为12.24%。 ...