Company Overview - Pinwo Food Co., Ltd. is located at No. 652, Changshou Road, Putuo District, Shanghai, established on September 9, 1997, and listed on September 24, 2020. The company focuses on the development, import, and sales of food products by collaborating with overseas suppliers [1][2]. Financial Performance - For the period from January to September 2025, Pinwo Food achieved a revenue of 589 million yuan, a year-on-year decrease of 7.69%. However, the net profit attributable to the parent company was 12.15 million yuan, reflecting a significant year-on-year increase of 312.18% [2]. - Since its A-share listing, the company has distributed a total of 55.90 million yuan in dividends, with 9.90 million yuan distributed over the past three years [3]. Stock Performance - As of November 4, the stock price of Pinwo Food decreased by 2.00%, trading at 33.76 yuan per share, with a market capitalization of 3.376 billion yuan. The stock has seen a year-to-date increase of 5.83%, but a decline of 2.88% over the last five trading days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on April 21, where it recorded a net purchase of 534.798 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders for Pinwo Food was 13,600, a decrease of 10.59% from the previous period. The average circulating shares per person increased by 11.85% to 4,739 shares [2]. Business Segmentation - The main business revenue composition of Pinwo Food includes dairy products at 82.92%, beer at 16.72%, and other products at 0.37% [1]. - The company operates within the food and beverage industry, specifically in the beverage and dairy sector, and is associated with concepts such as community group buying, new retail, domestic dairy, multiple births, and beer [2].

Core Points - The company announced that its shareholder, Shanghai Zhaoren Investment Management Partnership (Limited Partnership), will reduce its holdings by 83,800 shares between August 1, 2025, and October 31, 2025, representing 0.11% of the total share capital [1] - The reduction will occur at a price range of 24.05 to 31.17 yuan per share, with a total amount of 2.3755 million yuan [1] - As of the announcement date, Shanghai Zhaoren holds 160,456 shares, accounting for 0.21% of the total share capital [1] - The actual reduction aligns with the previously disclosed plan, with no early termination, and has reached the lower limit of the intended reduction [1]

Market Overview - The beverage and dairy sector experienced a decline of 0.54% on the trading day, with Junyao Health leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the beverage and dairy sector included: - Weiweijia (600300) with a closing price of 3.47, up 2.97% [1] - New Dairy (002946) at 17.01, up 2.47% [1] - Yili (600887) at 27.36, up 0.66% with a transaction volume of 621,200 shares and a transaction value of 1.702 billion [1] - Major decliners included: - Junyao Health (605388) at 7.13, down 3.52% [2] - Happy Home (300997) at 16.62, down 3.26% [2] - Beiyinmei (002570) at 6.28, down 2.64% with a transaction value of 305 million [2] Capital Flow - The beverage and dairy sector saw a net inflow of 193 million from institutional investors, while retail investors experienced a net outflow of 39.39 million [2] - The capital flow for key stocks showed: - Yili (600887) had a net inflow of 285 million from institutional investors, but a net outflow of 172 million from retail investors [3] - Chengde Lululemon (000848) had a net inflow of 42.62 million from institutional investors, with a net outflow of 5.37 million from retail investors [3] - Miao Ke Lan Duo (600882) had a net inflow of 20.36 million from institutional investors, but a significant net outflow of 29.61 million from retail investors [3]

Core Points - The Shanghai Composite Index is at 4009.81 points with a decline of 0.16% and total A-share trading volume of 203.47 billion yuan [1] - A total of 141 A-shares have seen their 5-day moving average cross below the 10-day moving average, indicating potential bearish trends [1] Group 1: A-Shares with Significant Moving Average Cross - Qiming Information (002232) has a 5-day moving average of 20.42 yuan, down 1.40% from the 10-day moving average of 20.71 yuan, with a current price of 19.70 yuan, which is 4.88% below the 10-day average [1] - Deep Sea (000058) shows a 5-day moving average of 10.11 yuan, down 1.38% from the 10-day average of 10.26 yuan, with a current price of 9.86 yuan, 3.86% below the 10-day average [1] - Dayilong (002209) has a 5-day moving average of 14.42 yuan, down 1.16% from the 10-day average of 14.59 yuan, with a current price of 13.57 yuan, 6.96% below the 10-day average [1] Group 2: Additional A-Shares with Moving Average Cross - Kailong Co. (002783) has a 5-day moving average of 9.91 yuan, down 1.15% from the 10-day average of 10.03 yuan, with a current price of 9.67 yuan, 3.54% below the 10-day average [1] - Blue Communication (688332) shows a 5-day moving average of 144.42 yuan, down 1.11% from the 10-day average of 146.03 yuan, with a current price of 138.03 yuan, 5.48% below the 10-day average [1] - Ocean King (002724) has a 5-day moving average of 7.53 yuan, down 1.10% from the 10-day average of 7.62 yuan, with a current price of 7.11 yuan, 6.67% below the 10-day average [1]

Core Viewpoint - Pinwo Food (300892.SZ) reported its Q3 2025 results, highlighting an increase in institutional ownership and the presence of foreign investors [1] Institutional Ownership - As of October 27, 2025, three institutional investors disclosed holdings in Pinwo Food A-shares, totaling 5.4715 million shares, which represents 5.47% of the total share capital [1] - The institutional ownership increased by 0.54 percentage points compared to the previous quarter [1] Public Fund Disclosure - In this period, nine public funds were disclosed, including notable funds such as Southern CSI 2000 ETF and E Fund CSI 2000 ETF [1] Foreign Investment - One new foreign institution, MORGAN STANLEY & CO. INTERNATIONAL PLC., disclosed its holdings in this quarter, indicating a positive foreign investment sentiment [1]

Group 1 - The core point of the article is that Pinwo Food (SZ 300892) held its 11th meeting of the third board of directors on October 27, 2025, to review proposals including amendments to the company's articles of association [1] - For the first half of 2025, Pinwo Food's revenue composition was as follows: food sales accounted for 99.67%, raw material sales for 0.26%, and other industries for 0.07% [1] - As of the report date, Pinwo Food's market capitalization was 3.5 billion yuan [1]

Core Insights - The company reported a revenue of approximately 589 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 7.69% [1] - The net profit attributable to the parent company reached approximately 12.15 million yuan, showing a significant year-on-year increase of 312.18% [1] Financial Performance - Revenue for the first three quarters: 589 million yuan, down 7.69% year-on-year [1] - Net profit attributable to the parent company: 12.15 million yuan, up 312.18% year-on-year [1]

品渥食品股份有限公司 股东会议事规则 第一章 总 则 第一条 为规范品渥食品股份有限公司（以下简称"公司"）的组织和行为， 保证股东会依法行使职权，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、中国证券监 督管理委员会（以下简称"中国证监会"）发布的《上市公司股东大会规则》及《深 圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2号——创业板上市公司规范运作》等有关法律、法规和规范性文件以及《品渥 食品股份有限公司章程》（以下简称"《公司章程》"）规定，特制定本议事规则。 第二条 公司召开股东会时适用本规则。 第三条 本规则对与会股东、公司全体董事、高级管理人员、股东会的有关 工作人员、列席股东会的其他人员具有约束力。 第四条 公司董事会应严格遵守《公司法》及其他法律、法规关于召开股东 会的各项规定，认真、按时组织好股东会。公司全体董事对股东会的正常召开负 有诚信勤勉的责任，不得阻碍股东会依法履行职权。 第二章 股东会的职权 第五条 股东会是公司的最高权力机构，依法行使下列职权： 1 （一）选举和更换非由职工代表担任的董事 ...

品渥食品股份有限公司 董事会议事规则 第一章 总 则 第一条 为规范公司董事会的议事方式和决策程序，促使董事和董事会有效 地履行其职责，提高董事会科学决策水平，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《深圳证券交易所创业板股票上市规则》（以下简称"《创业板股票上市规则》"）、 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 （以下简称"《创业板上市公司规范运作》"）和《品渥食品股份有限公司章程》 （以下简称"《公司章程》"）以及其他相关法律、行政法规和规范性文件的规定， 制定本规则。 第二条 董事会的议事方式是召开董事会会议。 第六条 董事会对股东会负责，行使下列职权： （一）召集股东会，并向股东会报告工作； （二）执行股东会的决议； （三）决定公司的经营计划和投资方案； （四）制订公司的利润分配方案和弥补亏损方案； 第三条 董事按规定参加董事会会议是履行董事职责的基本方式。 第四条 董事会设立审计委员会，并根据需要设立战略、提名、薪酬与考核 等专门委员会。 第五条 证券事务部负责公司股东会和董事会会议的筹备、 ...

品渥食品股份有限公司 章 程 二〇二五年十月 | | | 第一章 总则 第一条 为维护品渥食品股份有限公司（以下简称"公司"）、股东、职工 和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司 法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《上市公司章程指引》和其他有关规定，制订本章程。 第二条 品渥食品股份有限公司系依照《公司法》和其他有关规定成立 的股份有限公司。 公司以发起设立方式设立，由有限责任公司整体变更为股份有限公司； 公司在上海市市场监督管理局注册登记，取得营业执照，统一社会信用代码 为 91310117631825949H。 第三条 公司于 2020 年 7 月 28 日经深圳证券交易所创业板上市委员会 审核同意，于 2020 年 8 月 26 日获中国证券监督管理委员会（以下简称"中国 证监会"）同意注册，首次向社会公众发行人民币普通股 25,000,000 股，于 2020 年 9 月 24 日在深圳证券交易所上市。 第四条 公司注册名称： 中文全称：品渥食品股份有限公司 英文全称：Pinlive Foods Co.,Ltd. 第五条 ...