（记者 王晓波） 每经AI快讯，天味食品（SH 603317，收盘价：11.41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24.11亿元，同比增加1.98%；归属于上市公司股东的净利润约3.92亿元，同比减少 9.3%；基本每股收益0.3709元，同比减少9.65%。 截至发稿，天味食品市值为122亿元。 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？ ...

四川天味食品集团股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日向香港联合交易所有限公司（以下简称"香港联交所"）递交了发行境外 上市股份（H 股）并在香港联交所主板挂牌上市（以下简称"本次发行 H 股并 上市"或"本次发行"）的申请，并于同日在香港联交所网站刊登了本次发行 H 股并上市的申请资料。该申请资料为公司按照香港证券及期货事务监察委员会 （以下简称"香港证监会"）及香港联交所的要求编制和刊发，为草拟版本，其 所载内容可能会适时作出更新及修订，投资者不应根据其中的资料作出任何投 资决定。 本次发行如果最终实施，发行对象将仅限于符合相关条件的境外投资者及 依据中国相关法律法规有权进行境外证券投资的境内合格投资者，公司将不会 在境内证券交易所的网站和符合监管机构规定条件的媒体上刊登该申请资料， 但为使境内投资者及时了解该申请资料披露的本次发行以及公司的其他相关信 息，现提供该申请资料在香港联交所网站的查询链接供查阅： 中文： https://www1.hkexnews.hk/app/sehk/2025/107819/documents/sehk25103001061_c.pdf 英文 ...

证券代码：603317 证券简称：天味食品 公告编号：2025-101 四川天味食品集团股份有限公司 2025 年第三季度主要经营数据公告 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。 根据上海证券交易所《上市公司行业信息披露指引第十四号——食品制造》的相 关规定，现将四川天味食品集团股份有限公司 2025 年第三季度主要经营数据（未经 审计）公告如下： 1、主营业务收入按销售渠道分布情况： 单位：人民币万元 单位：人民币万元 | 产品 | 年 月 2025 1-9 | 年 月 2024 1-9 | 同比变动（%） | | --- | --- | --- | --- | | 火锅调料 | 80,636.18 | 79,375.49 | 1.59 | | 菜谱式调料 | 133,890.60 | 127,194.04 | 5.26 | | 香肠腊肉调料 | 15,817.62 | 21,929.35 | -27.87 | | 其他 | 9,125.20 | 7,603.98 | 20.01 | | 小计 | 239,469.6 ...

Core Viewpoint - Sichuan Tianwei Food Group Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with China International Capital Corporation as the sole sponsor [1]. Company Overview - Tianwei Food is a leading and rapidly growing compound seasoning company in China, ranked as the fourth largest in the country by revenue for 2024, and the fastest-growing among the top five compound seasoning companies from 2022 to 2024 [5]. - The company holds the largest market share in recipe-based seasonings at 9.7% and the second largest in hot pot seasonings at 4.8% for 2024 [5]. - The company emphasizes strict food safety and quality control standards, continuously innovating and developing high-quality compound seasonings that blend traditional Chinese flavors with modern techniques [5]. Product Portfolio - The company offers a comprehensive range of products, including: - Recipe-based seasonings such as fish seasonings, crayfish seasonings, and sausage seasonings [7]. - Hot pot seasonings including spicy and non-spicy bases, as well as dipping sauces [7]. - Sauces and other compound seasoning products [7]. Sales and Distribution Network - Tianwei Food has established a vast sales network covering over 1 million terminal points across China, achieving the highest coverage rate among listed companies specializing in compound seasonings [8]. - As of June 30, 2025, the company has 3,251 distributors covering all provinces and nearly all prefecture-level cities in China, while also expanding its international market presence by selling products to over 50 countries and regions [8]. Financial Performance - The company reported revenues of approximately RMB 2.68 billion, RMB 3.13 billion, RMB 3.45 billion, and RMB 1.37 billion for the six months ending June 30 in 2022, 2023, 2024, and 2025, respectively [8]. - Corresponding profits for the same periods were approximately RMB 341 million, RMB 466 million, RMB 645 million, and RMB 202 million [8].

Core Insights - Tianwei Food reported a revenue of 1.02 billion yuan in Q3 2025, representing a year-on-year growth of 13.79% [1] - The net profit attributable to the parent company for Q3 was 202 million yuan, showing an increase of 8.93% year-on-year [1] - For the first three quarters of 2025, the company achieved a total revenue of 2.411 billion yuan, which is a year-on-year increase of 1.98% [1] - The net profit attributable to the parent company for the first three quarters was 392 million yuan, reflecting a year-on-year decline of 9.3% [1]

Core Viewpoint - Sichuan Tianwei Food Group Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CICC as the sole sponsor [1][3]. Company Overview - Tianwei Food is a leading and rapidly growing compound seasoning company in China, ranked as the fourth largest by revenue in 2024 and the fastest-growing among the top five compound seasoning companies from 2022 to 2024 [3]. - The company holds the largest market share in recipe-based seasonings at 9.7% and the second largest in hot pot seasonings at 4.8% [3]. - The company emphasizes strict food safety and quality control standards, continuously innovating and developing high-quality compound seasonings that blend traditional Chinese flavors with modern techniques [3]. Product Portfolio - The company offers a comprehensive product range, including: - Recipe-based seasonings such as fish seasonings, crayfish seasonings, sausage and cured meat seasonings, and other recipe-based seasonings [5]. - Hot pot seasonings, including spicy and non-spicy hot pot bases, dipping sauces, and others [5]. - Sauces and other products, including various ready-to-eat sauces and compound seasoning products [5]. Sales and Distribution Network - Tianwei Food has established a vast sales network covering over 1 million terminal points across China, achieving full-channel coverage through both online and offline channels [5]. - As of June 30, 2025, the company has 3,251 distributors covering all provinces and nearly all prefecture-level administrative regions in China [5]. - The company is also expanding its international market presence, with products sold in over 50 countries and regions [5]. Financial Performance - The company's revenue for the six months ending June 30 for the years 2022 to 2025 is as follows: - 2022: approximately 2.68 billion RMB - 2023: approximately 3.13 billion RMB - 2024: approximately 3.45 billion RMB - 2025: approximately 1.37 billion RMB [6][7]. - The corresponding net profit figures for the same periods are: - 2022: approximately 341 million RMB - 2023: approximately 466 million RMB - 2024: approximately 645 million RMB - 2025: approximately 202 million RMB [6][7].

Core Viewpoint - Sichuan Tianwei Food Group Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CICC as the sole sponsor [1]. Company Overview - Tianwei Food is a leading and rapidly growing compound seasoning company in China, ranked as the fourth largest by revenue in 2024 and the fastest-growing among the top five compound seasoning companies from 2022 to 2024 according to Frost & Sullivan [5]. - The company holds the largest market share in recipe-based seasonings at 9.7% and the second largest in hot pot seasonings at 4.8% as of 2024 [5]. Product Offerings - The company offers a comprehensive product range, including: - Recipe-based seasonings such as fish seasonings, crayfish seasonings, sausage and cured meat seasonings, and other recipe-based seasonings [7]. - Hot pot seasonings including spicy and non-spicy bases, as well as dipping sauces [7]. - Sauces and other products, including various ready-to-eat sauces and compound seasoning products [7]. Sales and Distribution Network - Tianwei Food has established a vast sales network covering over 1 million terminal points across China, achieving the highest coverage rate among listed companies specializing in compound seasonings [8]. - As of June 30, 2025, the company has 3,251 distributors covering all provinces and nearly all prefecture-level administrative regions in China, while also expanding its international market presence, with products sold in over 50 countries and regions [8]. Financial Performance - The company's revenue for the six months ending June 30 for the years 2022, 2023, 2024, and 2025 was approximately RMB 2.68 billion, RMB 3.13 billion, RMB 3.45 billion, and RMB 1.37 billion respectively [8]. - The corresponding net profit figures for the same periods were approximately RMB 341 million, RMB 466 million, RMB 645 million, and RMB 202 million [8].

Financial Performance - The company's revenue for the third quarter reached ¥1,020,356,881.68, representing a year-on-year increase of 13.79%[4] - Total profit for the quarter was ¥256,326,757.45, reflecting a growth of 15.63% compared to the same period last year[4] - Net profit attributable to shareholders was ¥202,177,914.43, an increase of 8.93% year-on-year[4] - The basic earnings per share for the quarter was ¥0.1909, up by 8.65% from the previous year[4] - Total operating revenue for the first three quarters of 2025 reached CNY 2,411,162,334.88, an increase of 1.98% compared to CNY 2,364,317,975.10 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 413,472,785.74, a decrease of 6.99% from CNY 444,558,921.61 in the same period of 2024[20] - Basic earnings per share for the first three quarters of 2025 were CNY 0.3709, down from CNY 0.4105 in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,745,169,024.09, showing a slight increase of 1.48% from the previous year[5] - The company's total assets amounted to CNY 5,745,169,024.09, compared to CNY 5,661,512,054.19 at the end of the previous period, indicating a growth of 1.48%[18] - Total liabilities increased to CNY 1,139,051,621.70 from CNY 977,664,169.15, marking a significant rise of 16.49%[18] - The company's equity attributable to shareholders decreased to CNY 4,390,301,291.52 from CNY 4,572,235,268.39, a decline of 3.98%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥527,628,901.51, down by 11.94% compared to the previous year[4] - Cash inflow from operating activities for the first three quarters of 2025 reached approximately $2.78 billion, an increase of 6.23% compared to $2.62 billion in the same period of 2024[25] - The net cash and cash equivalents at the end of Q3 2025 decreased to approximately $204 million, down from $288 million at the end of Q3 2024[26] - The company reported a net cash flow from operating activities of approximately $528 million for the first three quarters of 2025, down from $599 million in the same period of 2024[25] Investments and Acquisitions - The company completed the acquisition of Shandong Yipin Weixiang Food Technology Co., Ltd. on September 10, 2025, acquiring a 55% stake for an investment of RMB 154.47 million[13] - The company aims to diversify its strategic layout through mergers and acquisitions, focusing on business synergy and empowerment[13] - The company has appointed three directors to Yipin Weixiang, enhancing its product line in ready-to-eat sauces and leveraging its established sales channels[13] Operational Metrics - The weighted average return on equity for the quarter was 4.72%, a decrease of 1.33 percentage points from the previous year[4] - Research and development expenses for the first three quarters of 2025 were CNY 25,727,651.37, a decrease from CNY 32,905,550.27 in 2024, reflecting a reduction of 21.73%[20] - The company reported an investment income of CNY 49,617,377.72, down from CNY 57,341,469.13 in the previous year, indicating a decline of 13.06%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,730[10] - The largest shareholder, Deng Wen, holds 606,103,020 shares, representing 56.91% of the total shares[10] Current Assets and Inventory - As of September 30, 2025, the company's total current assets amounted to RMB 3.77 billion, an increase from RMB 3.60 billion at the end of 2024, reflecting a growth of approximately 4.7%[15] - The company's cash and cash equivalents were reported at RMB 209.94 million, down from RMB 233.72 million at the end of 2024, indicating a decrease of about 10.1%[15] - The company's inventory increased to RMB 185.60 million from RMB 115.74 million, representing a significant rise of approximately 60.2%[15] - The company's long-term equity investments decreased to RMB 111.90 million from RMB 307.14 million, a decline of about 63.6%[15] - The company reported accounts receivable of RMB 143.17 million, up from RMB 116.77 million, marking an increase of approximately 22.6%[15] - The company’s total trading financial assets were valued at RMB 2.69 billion, an increase from RMB 2.59 billion, reflecting a growth of approximately 3.5%[15] - The company’s prepayments increased to RMB 26.65 million from RMB 12.97 million, indicating a growth of approximately 105.5%[15] Cash Flow from Investment Activities - Total cash inflow from investment activities surged to approximately $12.72 billion in the first three quarters of 2025, compared to $6.88 billion in the same period of 2024, reflecting a strong investment recovery[25] - Cash received from the recovery of investments was approximately $12.67 billion in the first three quarters of 2025, more than doubling from $6.82 billion in the same period of 2024[25] - Net cash outflow from investing activities for the first three quarters of 2025 was approximately $76 million, a significant improvement from a net outflow of approximately $346 million in the same period of 2024[26] Cash Flow from Financing Activities - Cash outflow from financing activities increased to approximately $627 million in the first three quarters of 2025, compared to $462 million in the same period of 2024, indicating higher dividend distributions and interest payments[26] - Payments to employees increased to approximately $356 million in the first three quarters of 2025, compared to $309 million in the same period of 2024, indicating a focus on workforce investment[25] - The company experienced a cash outflow of approximately $238 million related to other operating activities in the first three quarters of 2025, up from $155 million in the same period of 2024[25] Other Comprehensive Income - Other comprehensive income after tax was reported at CNY -5,233,920.67, with no prior year comparison available[21] Exchange Rate Impact - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of approximately $227,000 in the first three quarters of 2025[26]

天味食品公告，第三季度营收为10.2亿元，同比增长13.79%；净利润为2.02亿元，同比增长8.93%。前 三季度营收为24.11亿元，同比增长1.98%；净利润为3.92亿元，同比下降9.30%。 ...

Core Viewpoint - Sichuan Tianwei Food Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with China International Capital Corporation (CICC) as the exclusive sponsor [1] Company Summary - Sichuan Tianwei Food Group Co., Ltd. is seeking to go public on the Hong Kong Stock Exchange [1] - The exclusive sponsor for the listing is China International Capital Corporation (CICC) [1]