天味食品豪掷2亿元“输血”子公司

Core Viewpoint - Tianwei Food announced the establishment of a wholly-owned subsidiary, Sichuan Tianwei Heyuan Food Co., Ltd., to serve as the implementation entity for several fundraising projects, which does not change the use of raised funds [1][2]. Fundraising Projects - The new subsidiary will be responsible for the following projects: - Expansion of the food and seasoning industrial production base - Marketing service network and digital upgrade construction - Comprehensive technological transformation of the Shuangliu production base [2][3]. - The company plans to increase capital for Tianwei Heyuan by 202.36 million CNY, with 20 million CNY allocated to paid-in capital and 182.36 million CNY to capital reserves [2]. Project Timeline Adjustments - The implementation timeline for the marketing service network and digital upgrade project, as well as the comprehensive technological transformation projects, has been postponed from December 2025 to December 2027 due to economic adjustments and market demand fluctuations [3][4]. - The adjustments are made to optimize asset structure and improve operational efficiency [3]. Financial Overview - Tianwei Food raised a total of 1.63 billion CNY from a non-public offering, with a net amount of approximately 1.62 billion CNY after deducting issuance costs [4]. - As of November 30, 2025, the company has invested 586.50 million CNY of the raised funds, with a shortfall of 48.10 million CNY compared to the committed investment amount [4][5]. Company Performance - In the first three quarters of the year, Tianwei Food reported a total revenue of 2.41 billion CNY, a year-on-year increase of 1.98%, while net profit attributable to shareholders decreased by 9.30% to 392 million CNY [6]. - The company has experienced a slowdown in revenue growth, with projected revenues of 2.69 billion CNY, 3.15 billion CNY, and 3.48 billion CNY for 2022 to 2024, reflecting a declining growth rate [7]. Market Activity - As of December 15, the stock price of Tianwei Food closed at 12.61 CNY, with a market capitalization of 13.43 billion CNY [8].