SANYUAN(SH:600429) 第一财经·2025-11-12 03:27Core Viewpoint - The article discusses the recent surge in the stock price of Sanyuan Foods (三元股份) due to the popularity of a new snack, "milk skin candied hawthorn," despite the company denying any involvement in its sales [3][4]. Group 1: Company Performance - Sanyuan Foods reported a revenue of 4.87 billion yuan for the first three quarters, a year-on-year decrease of 10.1% [4]. - The company achieved a net profit attributable to shareholders of 240 million yuan, reflecting a significant year-on-year increase of 124.8% [4]. - Following a strategic adjustment by the new management team, both revenue and net profit showed improvement in the third quarter [4]. Group 2: Market Reaction - The stock price of Sanyuan Foods experienced a "limit-up" increase, with two consecutive trading days of price surges, outperforming other dairy stocks [3]. - Speculation arose that the stock price increase was linked to the trending snack, which has seen a price increase from 3-5 yuan to 18-25 yuan per stick due to the addition of milk skin [3]. - Despite the stock surge, Sanyuan Foods clarified that it does not sell the trending product and has not supplied it for over a month [4].