Market Overview - The seasoning and fermentation sector increased by 1.24% on January 12, with Anji Food leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Stock Performance - Anji Food (603696) closed at 26.40, up 10.00% with a trading volume of 505,000 shares [1] - Zhu Laoliu (920726) closed at 23.50, up 4.91% with a trading volume of 92,900 shares [1] - Baoli Food (603170) closed at 15.58, up 4.85% with a trading volume of 62,000 shares [1] - Lianhua Holdings (600186) closed at 6.45, up 4.03% with a trading volume of 1,125,300 shares [1] - Tianwei Food (603317) closed at 13.28, up 2.87% with a trading volume of 85,800 shares [1] - Zhongjing Food (300908) closed at 28.85, up 2.34% with a trading volume of 22,300 shares [1] - Qianhe Flavor (603027) closed at 10.43, up 1.96% with a trading volume of 197,000 shares [1] - Richen Co. (603755) closed at 37.85, up 1.80% with a trading volume of 20,400 shares [1] - Jieling Pickles (002507) closed at 13.27, up 1.61% with a trading volume of 212,300 shares [1] - Haitian Flavor (603288) closed at 38.32, up 1.13% with a trading volume of 176,900 shares [1] Capital Flow - The seasoning and fermentation sector saw a net inflow of 35.63 million yuan from main funds, while retail funds had a net inflow of 10.5 million yuan [2] - Speculative funds experienced a net outflow of 141 million yuan [2] Individual Stock Capital Flow - Haitian Flavor (603288) had a net inflow of 47.05 million yuan from main funds, but a net outflow of 30.60 million yuan from speculative funds [3] - Lianhua Holdings (600186) saw a net inflow of 35.64 million yuan from main funds, with a net outflow of 55.16 million yuan from speculative funds [3] - Anji Food (603696) had a net inflow of 31.50 million yuan from main funds, with a net outflow of 26.65 million yuan from speculative funds [3] - Tianwei Food (603317) experienced a net inflow of 10.71 million yuan from main funds, with a net outflow of 5.41 million yuan from speculative funds [3] - Zhu Laoliu (920726) had a net inflow of 4.88 million yuan from main funds and a net inflow of 4.38 million yuan from speculative funds [3]

Market Overview - The seasoning and fermentation sector experienced a slight decline of 0.14% on January 8, with Day Chen Co. leading the drop [1] - The Shanghai Composite Index closed at 4082.98, down 0.07%, while the Shenzhen Component Index closed at 13959.48, down 0.51% [1] Stock Performance - Anji Food (603696) saw a significant increase of 10.02%, closing at 23.16 with a trading volume of 406,400 shares and a transaction value of 889 million [1] - Other notable performers included ST Jiajia (002650) with a rise of 2.87% and Zhu Laoliu (920726) with an increase of 1.94% [1] - Conversely, Day Chen Co. (603755) led the decline with a drop of 1.62%, closing at 37.10 [2] Capital Flow - The seasoning and fermentation sector had a net inflow of 40.61 million from institutional investors, while retail investors saw a net inflow of 8.55 million [2] - However, speculative funds experienced a net outflow of 49.16 million [2] Individual Stock Capital Flow - Anji Food (603696) had a net inflow of 109 million from institutional investors, but a net outflow of 49.45 million from speculative funds [3] - ST Jiajia (002650) reported a net inflow of 7.21 million from institutional investors, while experiencing a net outflow of 4.04 million from speculative funds [3] - Other stocks like Fuling Pickles (002507) and Tianwei Food (603317) also showed varied capital flows, with Fuling Pickles having a net inflow of 5.12 million from institutional investors [3]

证券代码：603317 证券简称：天味食品 公告编号：2026-002 四川天味食品集团股份有限公司 2026年第一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：2026年1月6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： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 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列席情况 1、公司在任董事8人，列席8人，董事邓文先生出席现场会议，董事唐璐女士、于志勇先生、吴学军先 生、胡涛先生、独立董事吕先锫先生、独立董事陈祥贵先生、独立董事李铃女士以视频通讯方式参会； 2、公司副总裁沈松林先生、财务总监汪悦先生、董事会秘书李燕桥女士出席会议。 二、议案审议情况 (一)非累积投票议案 1、议 ...

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 2026 年第一次临时股东会 之 法律意见书 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 2026 年第一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 成都市高新区天府二街 269 号无国界 26 号楼 9 层 邮编：610000 本所律师认为，本次股东会的召集、召开程序符合《公司法》《上市公司股 东会规则》等法律、法规和规范性文件以及《公司章程》的规定。 二、出席本次股东会的人员资格 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 ...

证券代码：603317 证券简称：天味食品 公告编号：2026-002 四川天味食品集团股份有限公司 2026年第一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 | 1、出席会议的股东和代理人人数 | 230 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 620,208,505 | | 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（%） | 58.4483 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 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列席情况 (一) 股东会召开的时间：2026 年 1 月 6 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： 二、 议案 ...

Core Viewpoint - The seasoning and fermentation sector experienced a rise of 1.88% on January 5, with Richen Co., Ltd. leading the gains. The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1]. Group 1: Stock Performance - Richen Co., Ltd. (603755) closed at 38.00, with an increase of 3.63% and a trading volume of 29,400 shares, amounting to 112 million yuan [1]. - Lianhua Holdings (600186) closed at 6.17, up 3.18%, with a trading volume of 930,100 shares and a transaction value of 572 million yuan [1]. - Haitian Flavoring and Food Co., Ltd. (603288) closed at 37.93, increasing by 2.46%, with a trading volume of 213,800 shares and a transaction value of 805 million yuan [1]. - Anji Food (603696) closed at 20.70, up 2.07%, with a trading volume of 276,500 shares and a transaction value of 569 million yuan [1]. - Qianhe Flavoring (603027) closed at 10.03, increasing by 2.03%, with a trading volume of 183,100 shares and a transaction value of 182 million yuan [1]. Group 2: Capital Flow - The seasoning and fermentation sector saw a net inflow of 147 million yuan from institutional investors, while retail investors experienced a net outflow of 27.03 million yuan [2]. - The main capital flow for Haitian Flavoring and Food Co., Ltd. (603288) showed a net outflow of 57.51 million yuan from institutional investors, with a retail net inflow of 1.72 million yuan [3]. - Lianhua Holdings (600186) had a net inflow of 50.97 million yuan from institutional investors, while retail investors saw a net outflow of 2.34 million yuan [3].

Group 1: Company Overview - Tianwei Food Co., Ltd. is located in Chengdu, Sichuan Province, and was established on March 2, 2007, with its listing date on April 16, 2019 [1] - The company specializes in the research, production, and sales of Sichuan-style compound seasonings, with main business revenue composition as follows: recipe-based seasonings 64.45%, hot pot seasonings 30.74%, others 3.84%, and sausage and cured meat seasonings 0.98% [1] Group 2: Financial Performance - As of September 30, 2025, Tianwei Food achieved operating revenue of 2.411 billion yuan, representing a year-on-year growth of 1.98%, while the net profit attributable to shareholders decreased by 9.30% to 392 million yuan [2] - The company has distributed a total of 1.644 billion yuan in dividends since its A-share listing, with 1.250 billion yuan distributed over the past three years [3] Group 3: Stock Performance and Market Activity - On January 5, Tianwei Food's stock price increased by 2.08%, reaching 12.78 yuan per share, with a total market capitalization of 13.607 billion yuan [1] - The stock has seen a 2.08% increase year-to-date, with a 1.35% rise over the last five trading days, a 0.63% increase over the last 20 days, and a 12.11% increase over the last 60 days [1] - As of September 30, 2025, the number of shareholders decreased by 12.51% to 31,700, while the average circulating shares per person increased by 14.30% to 33,564 shares [2]

Investment Rating - The report maintains a positive outlook on the food and beverage industry, particularly on the liquor sector, with a focus on high-quality companies for long-term investment [3][7]. Core Insights - The report emphasizes the importance of domestic demand, which has been highlighted by authoritative media and government officials since mid-December 2025. It notes that the high-end liquor prices have recently declined, indicating a market shift towards finding a balance between volume and price [3][7]. - For 2026, the report anticipates a double-digit decline in sales volume in Q1, with a potential stabilization in Q2 and a turning point in fundamentals by Q3. If the fundamentals recover as expected, a dual boost in valuation and performance is anticipated towards the end of 2026 and into 2027 [3][7]. - The report recommends several key liquor companies, including Luzhou Laojiao, Shanxi Fenjiu, Guizhou Moutai, and Wuliangye, while also suggesting attention to other brands like Yingjia Gongjiu and Jinhuijiu [3][7]. - In the consumer goods sector, the report highlights opportunities in the supply chain related to condiments, frozen foods, and dairy products, recommending companies such as Anjijia, Yili, and Qianhe Flavoring [3][10]. Summary by Sections 1. Food and Beverage Weekly Insights - The food and beverage sector experienced a decline of 2.26% last week, with liquor down 2.79%, underperforming the broader market [6][33]. - The report notes that the liquor sector's performance is closely tied to the upcoming Spring Festival, with expectations of improved market conditions compared to the previous months [11]. 2. Market Performance of Food and Beverage Sectors - The report indicates that the food and beverage industry underperformed the Shenwan A index by 1.95 percentage points, with the liquor sector lagging behind by 2.48 percentage points [33][34]. 3. Key Company Updates - Guizhou Moutai announced a significant adjustment to its online sales strategy, which is expected to have a profound impact on both the company and the industry. The adjustment includes a new product matrix aimed at better consumer engagement and market pricing [8][11]. - The report also mentions that Moutai's product prices have seen a decline, with the retail price for its flagship product dropping to 1490 yuan per bottle, reflecting a broader trend in the high-end liquor market [8][19].

格隆汇1月4日丨天味食品(603317.SH)公布，截至2025年12月31日，公司已累计回购股份数量139.09万 股，占公司目前总股本比例为0.1306%，成交最高价为13.47元/股、最低价为11.47元/股，已支付的总金 额为16,445,498.20元（不含交易费用）。 ...

格隆汇1月4日丨天味食品(603317.SH)公布，截至2025年12月31日，公司已累计回购股份数量139.09万 股，占公司目前总股本比例为0.1306%，成交最高价为13.47元/股、最低价为11.47元/股，已支付的总金 额为16,445,498.20元（不含交易费用）。 ...