Group 1: Research Basic Information - The research object is Rewei Co., Ltd. The research date is November 5, 2025. The listed company's reception staff includes General Manager Lv Yuebin, Financial Controller Shen Yuan, Director and Board Secretary Zhang Liang, and Independent Director Hu Chunrong [16] Group 2: Detailed Research Institutions - The reception object is all investors who participated in the company's Q3 2025 earnings conference online, and the reception object type is "others" [19] Group 3: Main Content Financial Performance - The net profit in the first three quarters increased by 7.66%, but the net profit in Q3 decreased by 2.86% due to a year-on-year decline in gross margin. The main reasons from a business perspective are that the growth rate of domestic sales revenue is higher than that of overseas sales, the proportion of domestic sales revenue has increased year-on-year, and the average gross margin of domestic sales products is lower than that of overseas sales products; some products are transferred to the Thai factory for production, resulting in a short-term decline in profit margins; there were many new products and projects transferred to mass production in Q3, resulting in a short-term decline in profit margins [23] - Accounts receivable increased by 17.32%, almost 1.8 times the net profit. The company's revenue collection is normal as the Q3 2025 revenue increased compared to Q2 and the proportion of domestic sales in revenue increased [23] - The gross margin of new energy vehicle electric heating elements was 31.61% before, and there was no significant fluctuation in Q3 [23] - The revenue proportion of the overseas market in Q3 was 53.20% (unaudited), a year-on-year decrease [24] - The gross margin decreased slightly by 0.6 percentage points, mainly due to the increase in the proportion of domestic sales [24] - The revenue in Q3 increased by 10.14%, and the growth ratios of new energy vehicles and traditional businesses from January to September 2025 were close [24] Business Cooperation - In addition to deepening cooperation with BorgWarner and Valeo, the company also has in-depth cooperation with Hisense Sanden, Korea Yooli, Marelli, etc., and is cooperating with multiple domestic new energy vehicle thermal management system Tier 1 suppliers. More domestic brands will be applied in the future [24] Production Capacity - The company's production capacity can meet the needs of existing customers, and the company is continuously expanding production capacity to meet future development needs [24] Industry Outlook - With the low-carbon green transformation, the proportion of electricity in energy use has increased significantly, which will drive an increase in the usage and scenarios of electric heating elements. With the improvement of living standards, the proportion of electrification increases year by year, and emerging household appliances are developing rapidly. The company is optimistic about the future development prospects of the industry [24][25] Challenges - The biggest difficulty the company currently faces is the increasing uncertainties in the global market [26]

苏州市味知香食品股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进 展公告 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： 苏州市味知香食品股份有限公司（以下简称"公司"或"味知香"）于 2025 年 4 月 25 日召开了第三届董事会第六次会议及第三届监事会第六次会议，审 议通过了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司 使用不超过人民币 20,000 万元暂时闲置募集资金进行现金管理，投资的产品 品种为安全性较高、流动性较好、风险较低的保本型理财产品。上述议案已 经公司 2024 年年度股东大会审议通过。使用期限自公司 2024 年年度股东大 会审议通过之日起 12 个月内有效，上述额度在使用期限内可以滚动使用。 特别风险提示 证券代码：605089 证券简称：味知香 公告编号：2025-068 尽管本次公司进行现金管理购买了低风险、流动性好的产品，属于低风险 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、投资情况概述 （ ...

Core Viewpoint - The A-share market has seen a significant rise in food stocks, with several companies experiencing notable gains, indicating a positive trend in this sector [1] Group 1: Stock Performance - Baba Foods reached the daily limit increase, indicating strong investor interest [1] - Huifa Foods and Baoli Foods both rose over 7%, reflecting robust market performance [1] - Yiming Foods and Tianwei Foods increased by over 4%, contributing to the overall positive sentiment in the food sector [1] - Other companies such as Richen Co., Sanquan Foods, Ziyan Foods, Guifaxiang, and Weizhixiang all saw gains exceeding 3%, showcasing widespread strength across the food industry [1]

Core Viewpoint - The company reported a revenue of 561 million yuan for Q3 2025, marking a year-on-year increase of 10.14%, while the net profit attributable to shareholders decreased by 2.86% to 85.69 million yuan [1] Financial Performance - For the first three quarters, the company achieved a revenue of 1.546 billion yuan, reflecting a year-on-year growth of 9.35% [1] - The net profit attributable to shareholders for the first three quarters was 246 million yuan, which is a year-on-year increase of 7.66% [1] - Basic earnings per share for Q3 2025 were 0.21 yuan, and for the first three quarters, it was 0.62 yuan [1]

Core Viewpoint - The company, Suzhou Weizhixiang Food Co., Ltd., reported its third-quarter financial results for 2025, showing a slight increase in revenue compared to the previous year, indicating stable performance in the food manufacturing sector [15]. Financial Performance - For the third quarter of 2025 (July to September), the company achieved operating revenue of 188,259,675.42 yuan, representing a year-on-year growth of 2.61% [15]. - The main business revenue was 184,501,845.04 yuan, which is an increase of 1.94% compared to the same period last year [15]. Revenue Composition - The report includes a breakdown of revenue by product category, sales region, and sales channel, although specific figures for these categories were not detailed in the provided text [15]. Shareholder Information - As of the end of the reporting period, the company held 1,380,052 shares in its repurchase account, accounting for 1.00% of the total share capital [6]. Investor Communication - The company plans to hold an investor briefing on November 13, 2025, to discuss the third-quarter results and address investor questions [10][11]. - Investors can submit questions prior to the meeting through the Shanghai Stock Exchange Roadshow Center or via email [12][14].

Core Insights - Weizhi Xiang reported its Q3 2025 financial results, showing a revenue of 188 million yuan, which is a year-on-year increase of 2.61% [1] - The company's net profit attributable to shareholders for Q3 was 20.95 million yuan, reflecting a year-on-year decline of 17.64% [1] - For the first three quarters of 2025, Weizhi Xiang achieved a total revenue of 531 million yuan, marking a year-on-year growth of 3.95% [1] - The net profit attributable to shareholders for the first three quarters was 52.89 million yuan, down 21.9% compared to the previous year [1]

Core Viewpoint - The company reported a total operating revenue of 531 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 3.95%. However, the net profit attributable to shareholders decreased by 21.9% to approximately 52.9 million yuan, with basic earnings per share at 0.39 yuan [1] Financial Performance - Total operating revenue for the first three quarters reached 531 million yuan, marking a 3.95% increase compared to the previous year [1] - Net profit attributable to shareholders was approximately 52.9 million yuan, which represents a decline of 21.9% year-on-year [1] - Basic earnings per share stood at 0.39 yuan [1]

Core Viewpoint - The company reported a slight increase in revenue for the first three quarters of 2025, but a significant decline in net profit compared to the previous year [1] Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 531 million yuan, representing a year-on-year growth of 3.95% [1] - The net profit attributable to shareholders was 52.89 million yuan, showing a year-on-year decrease of 21.90% [1] - In the third quarter, the company recorded operating revenue of 188 million yuan, which is a year-on-year increase of 2.61% [1] - The net profit for the third quarter was 20.95 million yuan, reflecting a year-on-year decline of 17.64% [1]

证券代码：605089 证券简称：味知香 公告编号：2025-067 苏州市味知香食品股份有限公司 关于召开 2025 年第三季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： 投资者可于 2025 年 11 月 06 日 （星期四） 至 11 月 12 日 （星期三）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 info@weizhixiang.com 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。 苏州市味知香食品股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 13 日 （星期 四）16:00-17:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行 交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务 ...

证券代码：605089 证券简称：味知香 公告编号：2025-066 苏州市味知香食品股份有限公司 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个别及连带责任。 根据《上海证券交易所上市公司自律监管指引第 3 号行业信息披露：第十四 号—食品制造》的相关规定，现将苏州市味知香食品股份有限公司（以下简称"公 司"或"味知香"） 2025 年第三季度主要经营数据公告披露如下： 一、2025 年第三季度经营情况 2025年7-9月，公司实现营业收入188,259,675.42元，较上年同期增长2.61%。 实现主营业务收入为 184,501,845.04 元，较上年同期增长 1.94%。主营业务收入 构成情况具体如下： | 产品类别 | 年 月 2025 7-9 | 年 月 2024 7-9 | 变动情况（%） | | --- | --- | --- | --- | | 肉禽类 | 133,967,494.18 | 127,025,724.63 | 5.46 | | 其中：牛肉类 | 82,031,29 ...