证券代码：603317 证券简称：天味食品 公告编号：2025-074 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 202505162 | | 受托方名称 | 中国银行股份有限公司双流分行 | | 购买金额 | 15,300 万元 | | 产品期限 | 天 150 | | 特别风险提示（如有请勾选） | 其他：不适用 | | 产品名称 | （四川）对公结构性存款 202505163 | | --- | --- | | 受托方名称 | 中国银行股份有限公司双流分行 | | 购买金额 | 14,700 万元 | | 产品期限 | 天 152 | | 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。 一 ...

关于召开 2025 年半年度业绩说明会的公告 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： 会议召开时间：2025 年 9 月 2 日（星期二）10:00-11:00 证券代码：603317 证券简称：天味食品 公告编号：2025-075 四川天味食品集团股份有限公司 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.ss einfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 8 月 26 日（星期二）至 9 月 1 日（星期一）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dsh@teway.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 四川天味食品集团股份有限公司（以下简称"公司"）将于 2025 年 8 月 28 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 2 日 10:00-11:00 ...

Market Performance - The seasoning and fermentation sector increased by 2.68% on August 25, with Zhu Laoliu leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Individual Stock Performance - Zhu Laoliu (831726) closed at 22.49, up 5.09% with a trading volume of 63,800 shares and a turnover of 141 million yuan [1] - ST Jiajia (002650) closed at 6.53, up 4.98% with a trading volume of 146,000 shares [1] - Qianhe Flavor (603027) closed at 12.84, up 4.39% with a trading volume of 313,600 shares [1] - Richen Co. (603755) closed at 29.22, up 4.36% with a trading volume of 27,000 shares [1] - Zhongju Gaoxin (600872) closed at 19.78, up 3.29% with a trading volume of 383,400 shares and a turnover of 749 million yuan [1] - Haitian Flavor (603288) closed at 41.10, up 3.14% with a trading volume of 325,800 shares and a turnover of 1.327 billion yuan [1] - Anji Food (603696) closed at 12.13, up 2.88% with a trading volume of 241,500 shares [1] - Zhongjing Food (300908) closed at 32.49, up 2.52% with a trading volume of 46,700 shares and a turnover of 150 million yuan [1] - Tianwei Food (603317) closed at 12.42, up 1.64% with a trading volume of 107,000 shares [1] - Lianhua Holdings (600186) closed at 6.55, up 1.39% with a trading volume of 941,000 shares and a turnover of 616 million yuan [1] Capital Flow - The seasoning and fermentation sector saw a net inflow of 168 million yuan from institutional investors, while retail investors experienced a net outflow of 80.42 million yuan [1] - The capital flow for individual stocks shows that Haitian Flavor (603288) had a net inflow of 90.41 million yuan from institutional investors, while it faced a net outflow of 53.84 million yuan from retail investors [2] - Zhongju Gaoxin (600872) had a net inflow of 50.68 million yuan from institutional investors, with a net outflow of 27.59 million yuan from retail investors [2] - Qianhe Flavor (603027) recorded a net inflow of 42.19 million yuan from institutional investors, while retail investors had a net outflow of 19.38 million yuan [2] - ST Jiajia (002650) had a net inflow of 12.30 million yuan from institutional investors, with a net outflow of 552,820 yuan from retail investors [2]

Core Viewpoint - Tianwei Food's stock price has shown fluctuations, with a recent increase of 2.13% on August 25, 2023, while the company has experienced a year-to-date decline of 2.43% [1] Group 1: Stock Performance - As of August 25, 2023, Tianwei Food's stock price is 12.48 CNY per share, with a market capitalization of 13.291 billion CNY [1] - The stock has seen a 3.74% increase over the last five trading days, a 9.09% increase over the last 20 days, and an 8.71% increase over the last 60 days [1] - Year-to-date, the stock price has decreased by 2.43% [1] Group 2: Financial Performance - For the period from January to March 2025, Tianwei Food reported a revenue of 642 million CNY, a year-on-year decrease of 24.80% [2] - The net profit attributable to shareholders for the same period was 74.733 million CNY, reflecting a year-on-year decline of 57.53% [2] Group 3: Shareholder Information - As of March 31, 2025, the number of shareholders for Tianwei Food is 31,000, a decrease of 1.97% from the previous period [2] - The average number of circulating shares per shareholder is 34,338, which has increased by 2.01% [2] - The company has distributed a total of 1.644 billion CNY in dividends since its A-share listing, with 1.250 billion CNY distributed in the last three years [3] Group 4: Major Shareholders - As of March 31, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 28.5183 million shares, an increase of 9.5818 million shares from the previous period [3] - Invesco Great Wall New Growth Mixed A remains the sixth-largest circulating shareholder, holding 8.6363 million shares, with no change in the number of shares held [3]

Group 1 - Tianwei Food plans to list in Hong Kong to access a broader international investor base and secure funding for overseas market expansion, particularly in Southeast Asia and Europe [1] - The competitive landscape in the food industry is intensifying, prompting Tianwei Food to enhance its competitive capabilities through international listing, which will improve brand recognition and attract high-end talent and advanced technology [1][7] - The trend in the food industry indicates a growing emphasis on international development and resource acquisition through initiatives like listing, alongside a focus on product diversification to meet changing consumer demands [5][7] Group 2 - The cooked food industry is becoming saturated, leading major companies in the marinated food sector to explore the freeze-dried food market as a new growth opportunity [3] - Freeze-dried foods offer advantages such as long shelf life and minimal nutrient loss, allowing companies like Juewei Duck Neck to introduce a variety of products to cater to different consumer scenarios [3] - The sales channels for freeze-dried foods are expanding, including traditional retail and e-commerce platforms, providing marinated food giants with new opportunities to increase market coverage and sales [5] Group 3 - Both Tianwei Food's Hong Kong listing and the entry of marinated food giants into the freeze-dried food sector are strategic moves to adapt to market changes, potentially altering the competitive dynamics in the food industry [7] - Success in overseas markets for Tianwei Food could solidify its leading position in the Sichuan seasoning industry, while establishing a foothold in the freeze-dried food sector could open new profit growth avenues for marinated food giants [7][8]

长江商报消息 ●长江商报记者 潘瑞冬 在中国调味品的江湖中，天味食品（603317.SH）以其标志性的"好人家"火锅底料和"大红袍"火锅调料闻名遐迩， 其创始人邓文也从火锅底料中挖掘出一座金矿。 数据显示，2024年，天味食品实现营业收入34.76亿元、归母净利润6.25亿元，双双创下上市以来新高。邓文、唐 璐夫妇也以115亿元财富登上2025年胡润全球富豪榜。 步履不停，海外市场是邓文的下一个目标。8月21日，天味食品官宣拟赴港上市，推进国际化战略和海外业务布 局。 创业初期，资金、技术、市场渠道每一项都是巨大的挑战。如何让产品在口味上获得消费者认可？如何建立起稳 定的销售网络？如何应对同质化竞争？这些问题压在邓文身上。 邓文一方面深入一线，亲自把控产品研发，坚信"味道是核心"；另一方面，采取"农村包围城市"的策略，先从 二、三、四线城市及餐饮渠道入手，逐步构建起自己的渠道壁垒。 在缓慢爬坡后，2011年开始，公司营业收入稳步增长。同花顺数据显示，2011年，公司的营业收入为5.76亿元， 归母净利润为9190万元，2012年归母净利润一举突破1亿元，达到1.27亿元。 拟赴港上市谋求增长 时代浪潮下的初次 ...

Core Viewpoint - Sichuan Tianwei Food Group Co., Ltd. is planning to go public in Hong Kong despite a disappointing first-quarter report, indicating challenges in revenue and profitability [1][2]. Financial Performance - The company's revenue decreased by approximately 24.8% year-on-year to around 642 million yuan, while net profit plummeted by 57.5% to about 74.73 million yuan [2][3]. - Operating cash flow also saw a significant decline of 93.7%, dropping to approximately 1.18 million yuan [2][3]. Product Category Performance - Revenue from core product categories experienced substantial declines: hot pot seasoning down by 41.05%, recipe-style seasoning down by 12.24%, and sausage and cured meat seasoning down by 55.77% [4][3]. - Total revenue from these categories fell by about 25% compared to the previous year [4]. Regional Performance - Revenue from the western region dropped by approximately 26.86%, while the northern region saw a decline of 43.6%. The eastern region experienced a slight increase of 9.3%, but it was insufficient to offset losses from other regions [6][5]. Market Confidence and Stock Performance - The poor financial results led to a significant drop in market confidence, with the stock price falling by 6.7% on the day of the report and nearly 19% over three trading days [6][5]. - As of August 22, the stock closed at 12.22 yuan per share, down from 13.17 yuan prior to the earnings report [6]. Industry Competition - The hot pot seasoning market is becoming increasingly competitive, with traditional brands and new entrants putting pressure on Tianwei's market share [9]. - The company has faced challenges related to its brand governance and market positioning, which have been exacerbated by recent controversies regarding dealer agreements [12][11]. Historical Context - Tianwei Food has a history of failed IPO attempts before successfully listing on the Shanghai Stock Exchange in 2019 [8]. - The company has been involved in controversies, including a "choose one" policy for dealers, which has negatively impacted its reputation and sales [11][12].

Group 1: New Product Launches - Lee Kum Kee has launched a new "squeeze" packaging for its Star Chef sauce series, which is popular among mid-to-high-end restaurants, featuring various flavors such as seafood, char siu, and garlic chili sauce [1] - Ta Ta Le has introduced a new first-press pure sesame oil, made from high-quality sesame and traditional grinding methods, ensuring a rich sesame flavor [4] - Liu Bi Ju has released a new stir-fry sauce with 25% premium chicken content, emphasizing quality ingredients and a clean label [6] - Wei Hao Mei has launched a versatile batter mix that caters to both Chinese and Western cuisines, enhancing cooking efficiency and flavor [8] Group 2: Company Performance and Developments - Hai Tian has been recognized as one of the top ten consumer brands in China for 2024, with a consumer reach of 754 million, marking a growth of 21.6 million from the previous year [18] - Tian Wei Food is planning to list on the Hong Kong Stock Exchange to enhance its international strategy and brand recognition [22] - Mei Hua Bio reported a revenue decline of 2.87% in the first half of 2025, despite a net profit increase of 19.96%, driven by sales growth in key products [25] - Ri Chen Co. achieved a net profit growth of 22.6% in the first half of 2025, with a revenue increase of 8.6% [26] - Zhu Lao Liu experienced a decline in both revenue and net profit in the first half of 2025, with a focus on traditional Northeast condiments [28] Group 3: Industry Trends - The condiment industry is witnessing a wave of IPOs, with several companies, including Hai Tian and Tian Wei Food, preparing to enter the capital market [17] - A new round of price increases for salt has been announced by several major salt companies, with price hikes generally ranging from 10 to 20 yuan per ton [14] - Jin Long Yu reported a 20% increase in its seasoning business, driven by strong sales of soy sauce and new product introductions [15]

Core Viewpoint - Tianwei Food is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange, despite recent declines in revenue and net profit [1][4]. Group 1: Company Overview - Tianwei Food specializes in the research, production, and sales of compound condiments, offering over 100 varieties including hot pot seasonings and sauces under major brands like "Haorenjia" and "Dahongpao" [2]. - The company previously attempted to issue Global Depositary Receipts (GDR) for listing on the Swiss Stock Exchange, which was terminated in September 2023 due to changes in internal and external conditions [2][4]. Group 2: Financial Performance - In Q1 of the current year, Tianwei Food reported a revenue of 642 million yuan, a year-on-year decrease of 24.8%, and a net profit of 74.73 million yuan, down 57.53% year-on-year [4]. - The decline in net profit is attributed to decreased sales, influenced by intensified industry competition and the timing of the Spring Festival [4]. Group 3: Market Context - The current move to list in Hong Kong aligns with a trend of consumer companies going public, as seen with other beverage brands like Guming and Mixue Ice City [3]. - Tianwei Food aims to leverage the international advantages of the Hong Kong market to enhance its global strategy and expand overseas operations, with products already sold in over 50 countries [4]. Group 4: Industry Dynamics - The performance of peer companies, such as Haitian Flavoring and Food Co., which recently listed in Hong Kong, may impact the pricing of Tianwei Food's H-share issuance [5].

证券之星消息，8月22日调味发酵品板块较上一交易日上涨0.11%，ST加加领涨。当日上证指数报收于 3825.76，上涨1.45%。深证成指报收于12166.06，上涨2.07%。调味发酵品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002650 | ST加加 | 6.22 | 1.97% | 9.68万 | 5996.87万 | | 600186 | 连化控股 | 6.46 | 0.94% | 72.88万 | 4.70亿 | | 603317 | 天味食品 | 12.22 | 0.49% | 7.58万 | 9233.94万 | | 603170 | 宝立食品 | 13.67 | 0.29% | 2.80万 | 3802.50万 | | 603288 | 海天味业 | 39.85 | 0.25% | 18.38万 | 7.30亿 | | 600298 | 安頂酵母 | 39.53 | -0.15% | 10.61万 | 4.19亿 | | 600872 | 中炬高新 ...