SANYUAN(SH:600429) Di Yi Cai Jing·2025-11-12 03:29Core Viewpoint - The recent surge in the stock price of Sanyuan Foods (三元股份) is linked to the popularity of a new snack, "milk skin candied hawthorn," despite the company denying any involvement in this product [2][3]. Group 1: Stock Performance - Sanyuan Foods' stock price hit a "limit up" on November 11, following two consecutive trading days of price increases, outperforming other dairy stocks [2]. - The stock has shown significant gains, with other dairy stocks also experiencing varying degrees of increase during the same period [2]. Group 2: Company Announcements - On November 11, Sanyuan Foods announced that it had no undisclosed major matters or important information that could impact its stock price, and the reasons for the stock price increase remain unclear [3]. - The company’s third-quarter report indicated a revenue of 4.87 billion yuan, a year-on-year decrease of 10.1%, while net profit attributable to shareholders was 240 million yuan, reflecting a year-on-year increase of 124.8% [3]. Group 3: Market Context - The "milk skin candied hawthorn" snack has gained national popularity, particularly with the seasonal availability of hawthorn, leading to long queues at various stores [2]. - Traditional candied hawthorn prices range from 3 to 5 yuan per skewer, while the new product's price has surged to between 18 and 25 yuan per skewer, indicating strong market demand [2].