奶皮子糖葫芦火到A股，三元股份走出4连板

Core Viewpoint - The stock price of Sanyuan Foods (600429.SH) has surged, closing at 7.28 CNY per share, marking a "four consecutive limit-up" due to the popularity of a winter snack, "Milk Skin Candy Hawthorn" [1][2]. Group 1: Stock Performance - Sanyuan Foods' stock price has increased by 46.48% since November 10, driven by market speculation related to the sales of "Milk Skin Candy Hawthorn" through its retail outlets [1]. - The stock has experienced a significant price deviation, with a cumulative increase exceeding 20% over three consecutive trading days [2]. Group 2: Product Popularity - "Milk Skin Candy Hawthorn" has gained immense popularity on social media, leading to long queues in cities like Hangzhou and Nanjing, with some consumers waiting over three hours [1]. - The product's price has surged in the market, with some resellers charging up to 98 CNY per skewer, compared to the traditional price of 3-5 CNY [1]. Group 3: Company Response and Financials - In response to the stock price volatility, Sanyuan Foods issued announcements clarifying that the sales of "Milk Skin Candy Hawthorn" are seasonal and represent a minor portion of overall revenue, insufficient to significantly impact financial performance [2]. - The company's latest financial report indicates a revenue of 4.871 billion CNY for the first three quarters of 2025, a year-on-year decrease of 10.06%, but a substantial increase in net profit by 124.84% to 236 million CNY, alongside a 387% increase in net cash flow from operating activities to 329 million CNY [2].