Core Viewpoint - The A-share food processing and manufacturing sector experienced a decline in the afternoon, with significant drops in stock prices for several companies [1] Company Summary - Yanjinpuzi saw a nearly 8% drop in its stock price [1] - Nanjiao Food, Yizhi Konjac, and Xianle Health all experienced declines of over 6% [1] - Xiwang Food and Youyou Food also followed the downward trend [1]

证券代码：839273 证券简称：一致魔芋 公告编号：2025-071 湖北一致魔芋生物科技股份有限公司 关于闲置募集资金暂时补充流动资金归还的公告 湖北一致魔芋生物科技股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召开第三届董事会第二十二次会议和第三届监事会第二十一次会议，审议 通过了《关于使用闲置募集资金暂时补充流动资金的议案》，在确保资金安全、 不影响募集资金投资项目建设的前提下，公司本次使用不超过 5,000 万元(其中 母公司 5,000 万元)闲置募集资金用于暂时补充流动资金，使用期限自公司董事 会审议通过之日起不超过 12 个月，使用期限到期前，公司将及时、足额归还至 募集资金专用账户。具体内容详见公司于 2025 年 4 月 16 日在北京证券交易所信 息披露平台（http://www.bse.cn/）披露的《使用闲置募集资金暂时补充流动资 金的公告》（公告编号：2025-050）。 截至 2025 年 5 月 29 日，公司已将用于暂时补充流动资金的 5,000 万元全部 归还至募集资金专用账户，使用期限自公司董事会审议通过之日起未超过 12 个 月。公司已将上述募集资金 ...

证券代码：839273 证券简称：一致魔芋 公告编号：2025-070 湖北一致魔芋生物科技股份有限公司 关于完成工商变更及公司章程备案并取得营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、基本情况 湖北一致魔芋生物科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 26 日、2025 年 5 月 13 日召开第三届董事会第二十三次会议和 2025 年第二 次临时股东会，审议并通过《关于拟变更注册资本、修订<公司章程>并办理工商 变更登记的议案》，具体内容详见公司分别于 2025 年 4 月 28 日和 2025 年 5 月 14 日在北京证券交易所指定信息披露平台（www.bse.cn）披露的《关于拟变更 公司注册资本及修订<公司章程>并办理工商变更登记的公告》（公告编号： 2025-061）、《公司章程》（公告编号：2025-068）。 目前，公司已完成工商变更登记及公司章程备案手续并取得变更后的《营业 执 照 》 。 本 次 变 更 完 成 后 ， 公 司 注 册 ...

Group 1 - The A-share pet economy sector is experiencing a downturn, with companies such as Meino Biological and Tianyuan Pet falling over 7% [1] - Yuanfei Pet has seen a decline of nearly 4%, while other companies like Yizhi Mogu and Hasan Lian are also following the downward trend [1]

Group 1: Investor Relations Activities - The company conducted investor relations activities from May 15 to May 19, 2025, including a network meeting with specific investors [3][4] - Participating institutions included major financial entities such as Goldman Sachs, Morgan Stanley, and HSBC Global Asset Management [4] Group 2: Market Distribution and Applications - The company's konjac powder is exported to over 40 countries, primarily in Southeast Asia, Europe, and Russia, used in jelly, health products, animal nutrition, and meat production [4][5] - The company is actively expanding into the South American market [4] Group 3: Seasonal Revenue Trends - Revenue is primarily concentrated in Q3 and Q4 due to market consumption patterns, with strong demand during festivals like Mid-Autumn and National Day [5] Group 4: Brand and ODM Development - The company focuses on B2B operations, with its own brand "Molege" showing an upward trend through online and local tourism channels [6] - ODM client cooperation remains stable, with overall business growth [6] Group 5: Production Capacity and Expansion Plans - Current production capacities include 10,000 tons for konjac snacks, 15,000 tons for konjac ingredients, and 3.5 tons for konjac balls [7] - Ongoing projects include a konjac gel intelligent manufacturing facility expected to reach production in June 2025, and an 80,000-ton konjac tea ingredient workshop under construction [7] Group 6: Future Business Planning - The company plans to increase investment in application and product research and development to explore new applications and functions of konjac gel [8][9] Group 7: Industry Competition Trends - The konjac industry is niche but competitive, with trends indicating a shift towards deep processing, increasing market concentration, and growing acceptance of konjac products [10]

证券代码：839273 证券简称：一致魔芋 公告编号：2025-065 湖北一致魔芋生物科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 √其他 投资者交流网络会议 二、 投资者关系活动情况 活动时间：2025 年 5 月 7 日至 2025 年 5 月 8 日 活动地点：网络会议 参会单位及人员：泉果基金、宝盈基金、海富通基金、天治基金、泰康资产 管理（香港）、工银理财、安联基金、百年保险、上银基金、建信基金、鑫巢资 本、中银国际证券、百嘉基金、长信基金、中欧基金、博道基金、爱建证券、方 正富邦基金、亚太财产保险、光大保德信基金、胤胜资产、秉怀投资、财通证券 上市公司接待人员：董事会秘书唐华林先生 三、 投资者关系活动主要内容 问题 1：公司如何保持与供应商稳定的合伙关系，供应链是否稳定？ 回复：公司与供应商合作模式包括设备租赁、技术服务等方式， ...

Group 1: Investor Relations Activities - The investor relations activity was conducted via a network meeting on May 7-8, 2025, with participation from various funds and securities companies [3] - Attendees included major investment firms such as泉果基金, 宝盈基金, and 工银理财 [3] Group 2: Supply Chain and Supplier Relationships - The company maintains stable partnerships with suppliers through annual framework agreements and diverse cooperation models, ensuring a stable supply chain [4] - The company has established supplier channels in major production areas across the country [4] Group 3: Market Demand and Growth Drivers - The demand for konjac powder surged in 2024, driven by the explosion of demand in leisure food, expansion in tea beverage markets, and deeper applications in food processing [5] - The company’s konjac crystal ball products have seen improved profit margins due to optimized processes and collaboration with clients [6] Group 4: Production Capacity - The production capacity for konjac leisure food is 10,000 tons, while the capacity for konjac ingredients is 15,000 tons [7] Group 5: Business Challenges - The konjac ingredient segment faces challenges such as lower profit margins, channel expansion, cost control, and brand establishment [8] Group 6: Future Development Strategy - The company aims to lead the konjac powder industry by focusing on market needs and expanding applications globally [9] - Key strategies include enhancing the capabilities in konjac gum and collaborative gum businesses, developing health food products rich in dietary fiber, and driving sustainable development through innovation [9]

Group 1 - The stock of Yizhi Konjac (839273) increased by 21.20% today, with a turnover rate of 19.57% and a transaction amount of 604 million yuan, showing a volatility of 25.61% [2] - The stock was listed on the North Exchange due to the daily price increase limit of 21.20%, with a total net selling amount of 19.56 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 112 million yuan, with a buying amount of 46.22 million yuan and a selling amount of 65.79 million yuan, resulting in a net selling of 19.56 million yuan [2] Group 2 - The largest buying brokerage was Dongfang Caifu Securities, Lhasa East Ring Road Second Securities Office, with a buying amount of 11.82 million yuan, while the largest selling brokerage was Guoxin Securities, Shenzhen Tai Ran Ninth Road Securities Office, with a selling amount of 11.13 million yuan [2] - Detailed trading information shows that the top five buying brokerages had significant buying amounts, with the second largest being Dongfang Caifu Securities, Lhasa Tuanjie Road Second Securities Office, at 10.68 million yuan [2] - The selling activities were dominated by Guoxin Securities and Haitong Securities, with the latter having a selling amount of 92.25 million yuan from its Jinan Quancheng Road Office [2]

湖北一致魔芋生物科技股份有限公司 关于变更投资者联系电话的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 为进一步做好投资者关系管理相关工作，更好地服务广大投资者，湖北一致 魔芋生物科技股份有限公司（以下简称"公司"）现对投资者联系电话进行变更， 具体情况如下： 证券代码：839273 证券简称：一致魔芋 公告编号：2025-064 变更前：0717-5319666 变更后：0717-6852466 上述联系方式自公告之日起正式启用，敬请广大投资者注意。除上述变化外， 公司其他联系方式信息未发生变化。此次变更给广大投资者带来的不便，敬请谅 解。 特此公告。 湖北一致魔芋生物科技股份有限公司 董事会 2025 年 5 月 7 日 ...

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [1]. Core Views - The company is positioned as a "versatile player" in the konjac industry, focusing on deep processing and terminal applications, with strong control over raw materials [6]. - The konjac powder business is the core segment, while the konjac food sector is expected to grow significantly, and the konjac beauty products are still in the promotion phase [6]. - The report predicts a significant increase in revenue and net profit for the company from 2025 to 2027, driven by new production lines and market demand [7]. Summary by Sections 1. Company Overview - The company has established a comprehensive raw material supply system and has three main product lines: konjac powder, konjac food, and konjac beauty products [20][26]. - The company has a strong management team with diverse backgrounds and high control over the business [21]. 2. Financial Performance - The company achieved total revenue of 617 million yuan in 2024, with a year-on-year growth rate of 28.8%, and a net profit of 87 million yuan, up 64.4% year-on-year [5][6]. - The report forecasts net profits of 98 million yuan, 126 million yuan, and 174 million yuan for 2025, 2026, and 2027, respectively [7]. 3. Market Dynamics - The konjac industry is experiencing a shift towards higher demand, with domestic prices driven by consumer needs and supply adjustments lagging behind [6][48]. - The company is the world's largest producer of konjac powder, with a strong competitive edge in the supply chain [10]. 4. Product Segments - The konjac powder segment is expected to maintain its market position, while the konjac food segment is entering a high-growth phase, particularly in snack foods and tea additives [31][32]. - The konjac beauty segment is exploring new applications, with products like konjac eye masks and facial masks expected to have high profit margins [9]. 5. Investment Analysis - The report suggests a target market value of 4.4 billion yuan for the company, indicating a potential upside of 10% from the current market price [7]. - The company is expected to benefit from the increasing demand for konjac products, particularly in health-oriented markets [11].