证券代码：603317 证券简称：天味食品 公告编号：2025-094 四川天味食品集团股份有限公司 关于回购注销 2024 年员工持股计划部分股份减资 暨通知债权人的公告 本 次 完 成 回 购 注 销 后 ， 公 司 股 份 总 数 将 由 1,064,996,294 股 减 少 为 1,064,714,794 股，公司注册资本也相应由 1,064,996,294 元减少为 1,064,714,794 元。最终的股本变动情况以中国证券登记结算有限责任公司上海分公司确认的数 据为准。 二、需债权人知晓的相关信息 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。 一、通知债权人的原由 四川天味食品集团股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日召开第六届董事会第五次会议，并于 2025 年 10 月 16 日召开 2025 年第二次临 时股东会审议通过《关于回购注销 2024 年员工持股计划部分股份的议案》。鉴 于 2024 年员工持股计划中 9 名持有人因个人原因离职及 4 名持有人因业绩未完 全达标，其 ...

之 法律意见书 成都市高新区天府二街 269 号无国界 26 号楼 9 层 邮编：610000 国浩律师（成都）事务所 关于 四川天味食品集团股份有限公司 2025 年第二次临时股东会 Floor 9,Building 26,Boundary-Free Land Center,269 Tianfu 2 Street,Hi-Tech Zone,Chengdu, China 电话/Tel: +86 28 86119970 传真/Fax: +86 28 86119827 网址/Website: http://www.grandall.com.cn 国浩律师（成都）事务所 法律意见书 国浩律师（成都）事务所 关于四川天味食品集团股份有限公司 2025 年第二次临时股东会之法律意见书 致：四川天味食品集团股份有限公司 国浩律师（成都）事务所（以下简称"本所"）接受四川天味食品集团股份 有限公司（以下简称"公司"）的委托，指派刘小进律师、李伟律师（以下简称 "本所律师"）出席公司 2025 年第二次临时股东会（以下简称"本次股东会"或 "本次会议"），对本次股东会的合法性进行见证。本所律师根据《中华人民共 和国公司法》（ ...

证券代码：603317 证券简称：天味食品 公告编号：2025-093 四川天味食品集团股份有限公司 2025年第二次临时股东会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 10 月 16 日 (二)股东会召开的地点：成都市双流区西航港街道腾飞一路 333 号会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 242 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 744,365,439 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 70.1104 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 表决方式符合《公司法》《公司章程》的规定，本次股东会由董事长邓文先 生主持。 (五)公司董事和董事会秘书的出席情况 审议结果：通过 ...

Market Overview - The seasoning and fermentation sector increased by 0.26% on October 16, with Qianhe Flavor Industry leading the gains [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Individual Stock Performance - Qianhe Flavor Industry (603027) closed at 11.70, up 0.95% with a trading volume of 73,800 shares and a turnover of 85.97 million yuan [1] - Haitian Flavor Industry (603288) closed at 39.77, up 0.71% with a trading volume of 114,900 shares and a turnover of 456 million yuan [1] - Tianwei Food (603317) closed at 11.60, up 0.69% with a trading volume of 40,500 shares and a turnover of 46.85 million yuan [1] - Hengshun Vinegar (600305) closed at 8.11, up 0.37% with a trading volume of 88,800 shares and a turnover of 71.93 million yuan [1] - ST Jiajia (002650) closed at 6.97, up 0.29% with a trading volume of 80,000 shares and a turnover of 56.31 million yuan [1] - Other notable performances include Zhongju High-tech (600872) at 18.63, up 0.11%, and Jialong Co. (002495) at 2.64, down 1.12% [1] Capital Flow Analysis - The seasoning and fermentation sector experienced a net outflow of 97.25 million yuan from institutional investors, while retail investors saw a net inflow of 75.91 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Detailed Capital Flow by Stock - Baoli Food (603170) had a net inflow of 3.31 million yuan from institutional investors, while retail investors saw a net outflow of 5.69 million yuan [3] - Qianhe Flavor Industry (603027) experienced a net inflow of 0.58 million yuan from institutional investors, but a net outflow of 3.64 million yuan from retail investors [3] - Haitian Flavor Industry (603288) had a net outflow of 1.02 million yuan from institutional investors, with retail investors contributing a net inflow of 0.56 million yuan [3] - Hengshun Vinegar (600305) faced a significant net outflow of 12.81 million yuan from institutional investors, while retail investors had a net inflow of 14.96 million yuan [3]

Core Insights - The seasoning and fermentation sector experienced a 0.9% increase on October 15, with Richen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Richen Co., Ltd. (603755) closed at 31.40, up 3.05% with a trading volume of 25,000 shares and a transaction value of 78.11 million yuan [1] - Baoli Food (603170) closed at 14.74, up 2.79% with a trading volume of 44,800 shares and a transaction value of 65.71 million yuan [1] - Anji Food (603696) closed at 12.27, up 2.34% with a trading volume of 98,000 shares [1] - Other notable stocks include: - Anding Yeast (600298) at 42.15, up 1.47% - Haitian Flavoring (603288) at 39.49, up 1.00% [1] Capital Flow - The seasoning and fermentation sector saw a net outflow of 67.73 million yuan from main funds, while retail funds experienced a net inflow of 89.51 million yuan [2] - Retail investors had a net outflow of 21.78 million yuan [2] Individual Stock Capital Flow - Anji Food (603696) had a main fund net inflow of 8.77 million yuan, while retail funds saw a net outflow of 5.08 million yuan [3] - Richen Co., Ltd. (603755) had a main fund net inflow of 5.47 million yuan, with retail funds experiencing a net outflow of 6.47 million yuan [3] - Haitian Flavoring (603288) had a main fund net inflow of 4.10 million yuan, while retail funds had a net outflow of 45.18 million yuan [3]

证券代码：603317 证券简称：天味食品 公告编号：2025-092 四川天味食品集团股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回的公告 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法律责任。 重要内容提示： 基本情况 | 产品名称 | （四川）对公结构性存款 202509320 | | --- | --- | | 受托方名称 | 中国银行股份有限公司双流分行 | | 购买金额 | 9,000 万元 | | 产品期限 | 天 105 | | 特别风险提示（如有请勾选） | 其他：不适用 | 风险提示 本次公司投资理财产品为低风险投资产品，但金融市场受宏观经济、财政及 货币政策的影响较大，不排除该项投资可能受到市场波动的影响。 | 分行 | 司双流 | 有限公 | 行股份 | 中国银 | 名称 | | 受托方 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 理财 | 银行 | | | 类型 | | 产品 | | | 025/10/14 | 2025/07/0 ...

Core Viewpoint - The seasoning and fermentation sector experienced a decline of 0.6% on October 13, with Tianwei Food leading the drop. The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1]. Market Performance - The seasoning and fermentation sector's individual stock performance is summarized in the following table, highlighting the closing prices, percentage changes, trading volumes, and transaction amounts [1]. | Code | Name | Closing Price | Change (%) | Volume (hands) | Transaction Amount (CNY) | | --- | --- | --- | --- | --- | --- | | 600186 | Lianhua Holdings | 5.96 | 4.20% | 973,200 | 577 million | | 002650 | ST Jiajia | 6.81 | 2.41% | 113,800 | 76.59 million | | 920726 | Zhu Laoliu | 19.23 | 1.64% | 16,500 | 3.17 million | | 603696 | Anji Food | 12.00 | 0.93% | 74,800 | 89.40 million | | 600298 | Anzhi Yeast | 41.07 | 0.29% | 103,900 | 424 million | | 603755 | Richen Co. | 30.76 | -0.03% | 24,000 | 72.60 million | | 300908 | Shengjing Food | 29.00 | -0.58% | 90,529 | 26.22 million | | 600872 | Zhongju High-tech | 18.42 | -0.59% | 84,300 | 155 million | | 600305 | Hengshun Vinegar | 7.99 | -0.62% | 107,400 | 85.60 million | | 002495 | Jialong Co. | 2.64 | -0.75% | 220,000 | 57.50 million | [1] Capital Flow - On the same day, the seasoning and fermentation sector saw a net outflow of 76.08 million CNY from main funds, while retail funds experienced a net inflow of 81.47 million CNY. The overall net outflow from retail investors was 5.38 million CNY [2]. Individual Stock Capital Flow - The capital flow for individual stocks within the seasoning and fermentation sector is detailed in the following table, indicating the net inflows and outflows from main funds, retail funds, and the respective percentages [3]. | Code | Name | Main Fund Net Inflow (CNY) | Main Fund Net Ratio | Retail Fund Net Inflow (CNY) | Retail Fund Net Ratio | Retail Net Inflow (CNY) | Retail Net Ratio | | --- | --- | --- | --- | --- | --- | --- | --- | | 002495 | Jialong Co. | > 8.82 million | 15.34% | -3.62 million | -6.29% | -5.20 million | -9.05% | | 600186 | Lianhua Holdings | 7.19 million | 1.25% | -1.43 million | -0.25% | -5.76 million | -1.00% | | 002650 | ST Jiajia | 5.13 million | 6.69% | -1.99 million | -2.61% | -3.13 million | -4.09% | | 603170 | Baoli Food | -0.10 million | -0.29% | 2.44 million | 6.69% | -2.33 million | -6.40% | | 603317 | Tianwei Food | -1.20 million | -1.57% | -4.97 million | -6.50% | 6.16 million | 8.07% | | 603696 | Anji Food | -2.71 million | -3.03% | 0.84 million | 0.94% | 1.87 million | 2.09% | | 300908 | Zhongjing Food | -2.84 million | -10.82% | 1.11 million | 4.25% | 1.72 million | 6.57% | | 600305 | Hengshun Vinegar | -6.23 million | -7.28% | 5.49 million | 6.41% | 0.74 million | 0.87% | | 603027 | Qianhe Flavor | -7.97 million | -9.33% | 3.01 million | 3.52% | 4.96 million | 5.81% | | 600872 | Zhongju High-tech | -8.98 million | -5.80% | -0.54 million | -0.35% | 9.52 million | 6.15% | [3]

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Insights - The report highlights structural growth opportunities in new products and channels within the consumer goods sector, particularly in the context of the 25Q3 performance forecast [2] - The performance of various sub-sectors is expected to vary, with specific companies showing significant growth potential due to category advantages and new channel expansions [10][12][14][15][16][19][21][22] Sub-sector Summaries 1.1 Snack Foods - The performance in 25Q3 is expected to be differentiated, with companies like Wanchen Group projected to achieve a revenue growth of 39% and a net profit growth of 382% [2][25] - Emphasis is placed on companies that can leverage category trends and new channel opportunities for sustained growth [10][11] 1.2 Soft Drinks - The energy drink segment is showing improved market conditions, with companies like Dongpeng Beverage expected to see a revenue growth of 31% and a net profit growth of 33% [2][25] - The report suggests focusing on companies with strong brand power and channel capabilities for long-term growth [12][13] 1.3 Dairy Products - The dairy sector is anticipated to experience flat demand in 25Q3, with companies like Yili expected to see only a 2% revenue growth [2][25] - The report indicates that profitability may improve once raw milk prices stabilize [14] 1.4 Tea Drinks - The market is characterized by a leading player, Mixue Group, which is expected to expand its competitive edge through enhanced product offerings [2][15] - The mid-price segment is highlighted as a key growth area, with recommendations for companies like Guming [15] 1.5 Health Supplements - The report notes a trend towards increased concentration in the B-end market, with companies like Xianle Health projected to achieve a revenue growth of 15% [2][25] - The C-end market is advised to focus on high-growth single products [16][17] 1.6 Ready-to-Drink Alcohol - The performance in 25Q3 is expected to be strong, with companies like Bairun expected to see an 8% revenue growth [2][25] - New product launches are anticipated to drive sales growth [18] 1.7 Beer - The impact of the "drinking ban" is expected to be limited, with Qingdao Beer projected to achieve a 2% revenue growth and an 8% net profit growth [2][25] - The report suggests that the beer sector will see stable growth driven by structural upgrades and cost improvements [19][20] 1.8 Condiments - Leading companies like Haitian Flavoring are expected to maintain stable performance, with a revenue growth of 7% [2][25] - The report emphasizes the importance of robust market strategies during periods of flat demand [21] 1.9 Frozen Foods - The sector is facing weak demand, with companies like Anjixin expected to see a 6% revenue growth [2][25] - The report advises monitoring the recovery of the restaurant supply chain for potential investment opportunities [22][23] 1.10 Marinated Products - The focus is on improving store operations as the sector continues to recover from previous challenges [24] Key Company Tracking - The report provides a detailed forecast for various companies across different segments, highlighting expected revenue and net profit growth rates for 25Q3 [25]

Core Insights - The seasoning and fermentation sector saw a slight increase of 0.27% on October 10, with Angel Yeast leading the gains [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Angel Yeast (600298) closed at 40.95, up 2.30% with a trading volume of 126,100 shares and a turnover of 517 million yuan [1] - Other notable performers included Baoli Food (603170) with a 1.61% increase, and Zhu Laoliu (920726) with a 1.23% increase [1] - The overall trading data for the seasoning and fermentation sector is summarized in a table, highlighting various stocks and their respective performance metrics [1] Capital Flow - The seasoning and fermentation sector experienced a net inflow of 2.7553 million yuan from institutional investors, while retail investors contributed a net inflow of 24.7942 million yuan [2] - The table detailing capital flow indicates that major stocks like Haitian Flavoring (603288) had a significant net outflow from institutional investors, while others like Tianwei Food (603317) saw mixed results [3]

Core Viewpoint - The seasoning and fermentation sector experienced a 0.78% increase on October 9, with ST Jiajia leading the gains. The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1]. Group 1: Stock Performance - ST Jiajia (002650) closed at 6.70, with a rise of 4.04% and a trading volume of 138,000 shares, amounting to 92.2185 million yuan [1]. - Other notable performers included Zhu Laoliu (920726) at 18.69, up 1.58%, and Anji Food (603696) at 11.75, up 1.47% [1]. - Hai Tian Flavor Industry (603288) closed at 39.34, with a 0.98% increase and a trading volume of 166,800 shares, totaling 648 million yuan [1]. Group 2: Capital Flow - The seasoning and fermentation sector saw a net outflow of 147 million yuan from institutional investors, while retail investors contributed a net inflow of 73.4491 million yuan [2]. - The capital flow data indicates that Hengshun Vinegar Industry (600305) had a net inflow of 5.63 million yuan from institutional investors, while it experienced a net outflow of 6.6557 million yuan from retail investors [3]. - Tianwei Food (603317) faced a significant net outflow of 10.6287 million yuan from institutional investors, despite a net inflow of 10.7552 million yuan from retail investors [3].