安琪酵母股份有限公司 2025 年第二次临时股东大会会议资料 2025 年 5 月 15 日 安琪酵母股份有限公司 2025 年第二次临时股东大会会议议程 ● 会议召开时间：2025 年 5 月 15 日 ● 现场会议时间：2025 年 5 月 15 日下午 14:00 ● 网络投票时间：采用上海证券交易所网络投票系统，通 过交易系统投票平台的投票时间为 2025 年 5 月 15 日的 9:15-9:25、9:30-11:30、13:00-15:00；通过互联网投票平台的 投票时间为 2025 年 5 月 15 日的 9:15-15:00。 ● 会议召开地点：公司一楼会议室 ● 会议召开方式：现场投票与网络投票相结合的方式 一、致欢迎词，介绍会议出席人员情况，宣布会议开始； 二、选举监票人（两名股东代表和一名监事）； 三、审议会议议案： 1.关于变更公司股份总数及注册资本并修改《公司章程》有 关条款的议案； 2.关于修改公司《股东大会议事规则》有关条款的议案。 四、股东及股东代表对议案进行提问、发言； 五、股东及股东代表对议案进行书面表决； 六、股东代表、监事代表、律师共同负责计票、监票； 七、宣布现场表决 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [7] Core Views - Demand is steadily recovering, with overseas markets continuing to show high growth [5][6] - The company reported Q1 2025 revenue of 3.794 billion yuan, a year-on-year increase of 9%, and a net profit attributable to shareholders of 370 million yuan, up 16% year-on-year [4] - The gross margin improved by 1 percentage point to 25.97% in Q1 2025, primarily due to a decrease in molasses costs and reduced shipping pressure [5] - The company is expanding its production capacity and enhancing its overseas business layout, with Q1 2025 revenue from yeast and deep processing products reaching 2.773 billion yuan, a 13% increase year-on-year [6] Summary by Sections Financial Performance - Q1 2025 revenue was 3.794 billion yuan, with a net profit of 370 million yuan, reflecting a 16% increase year-on-year [4] - The gross margin for Q1 2025 was 25.97%, an increase of 1 percentage point [5] - The net profit margin increased by 1 percentage point to 10.20% [5] Capacity and Market Expansion - The company is actively releasing production capacity, with significant contributions from the expansion of subsidiaries and ongoing projects [6] - Domestic revenue in Q1 2025 was 2.099 billion yuan, a slight decrease of 0.3%, while international revenue was 1.684 billion yuan, a 23% increase year-on-year [6] - The number of overseas distributors increased by 151 to 6,179 by the end of Q1 2025, indicating strong growth in international markets [6] Earnings Forecast - The company expects EPS for 2025, 2026, and 2027 to be 1.80 yuan, 2.06 yuan, and 2.31 yuan respectively, with corresponding PE ratios of 20, 18, and 16 times [7] - Revenue growth rates are projected at 10.3% for 2025, 9.5% for 2026, and 8.3% for 2027 [10]

Investment Rating - The investment rating for the company is "Buy" and is maintained [2][8] Core Views - The company has shown steady revenue growth with a 2024 revenue of 15.197 billion yuan, reflecting an 11.9% year-on-year increase. The net profit attributable to shareholders was 1.325 billion yuan, up 4.28% year-on-year [5][8] - The yeast business remains a strong growth driver, while the sugar business is being accelerated for divestment. In 2024, revenue from yeast and deep processing was 10.854 billion yuan, a 14.19% increase year-on-year, while the sugar segment saw a decline of 26.05% [6][8] - The company is experiencing a recovery in gross margin, with a gross margin of 23.52% in 2024, slightly down from the previous year. The gross margin for Q1 2025 improved to 25.97% [7][8] Summary by Sections Financial Performance - In Q4 2024, the company achieved revenue of 4.285 billion yuan, with a net profit of 371 million yuan, marking a 9.07% increase in revenue year-on-year [5] - For Q1 2025, the company reported revenue of 3.794 billion yuan, with a net profit of 370 million yuan, reflecting an 8.95% increase in revenue year-on-year [5] Revenue Breakdown - In 2024, the revenue breakdown was as follows: yeast and deep processing (10.854 billion yuan), sugar (1.265 billion yuan), packaging (0.409 billion yuan), food raw materials (1.437 billion yuan), and others (1.168 billion yuan) [6] - For Q1 2025, the revenue from yeast and deep processing was 2.773 billion yuan, while the sugar segment saw a significant decline to 157 million yuan [6] Profitability Metrics - The company’s gross margin for 2024 was 23.52%, with a net profit margin of 8.72%. In Q1 2025, the gross margin improved to 25.97% [7] - The company’s operating expenses were managed effectively, with sales, management, R&D, and financial expense ratios showing slight variations [7] Earnings Forecast - The revenue forecast for 2025 and 2026 has been adjusted to 17.049 billion yuan and 18.882 billion yuan, respectively, with expected year-on-year growth rates of 12.19% and 10.75% [8][10] - The net profit forecast for 2025 and 2026 is set at 1.651 billion yuan and 1.917 billion yuan, indicating a growth of 24.62% and 16.14% year-on-year [8][10]

Investment Rating - The investment rating for the company is "Buy" and it is maintained [2] Core Insights - The company has shown steady revenue growth with a 2024 revenue of 15.197 billion yuan, reflecting an 11.9% year-on-year increase. The net profit attributable to shareholders was 1.325 billion yuan, up 4.28% year-on-year [5][8] - The yeast business remains a strong growth driver, while the sugar business is being accelerated for divestment. In 2024, revenue from yeast and deep processing was 10.854 billion yuan, a 14.19% increase year-on-year, while the sugar segment saw a decline of 26.05% [6][8] - The company is experiencing a recovery in gross margin, with a gross margin of 23.52% in 2024, slightly down from the previous year. The first quarter of 2025 saw a gross margin of 25.97%, indicating a positive trend [7][8] Financial Performance Summary - For 2024, the company achieved a total revenue of 15.197 billion yuan, with a projected revenue of 17.049 billion yuan for 2025, representing a 12.19% growth. The net profit for 2025 is expected to be 1.651 billion yuan, a 24.62% increase [10][11] - The earnings per share (EPS) for 2025 is projected to be 1.90 yuan, with corresponding price-to-earnings (P/E) ratios of 19 for 2025, 16 for 2026, and 14 for 2027 [8][10]

Group 1 - The core point of the news is the announcement of the resolutions from the annual general meeting of Angel Yeast Co., Ltd. held on April 30, 2025, where all proposed resolutions were approved without any objections [2][9][10] - The meeting was attended by 10 out of 11 directors, with the chairman presiding over the meeting, and the voting method combined both on-site and online participation [2][3][9] - All resolutions, including the annual financial report, profit distribution plan, and the appointment of auditors, were passed unanimously [4][5][6][9] Group 2 - The company announced the third unlock period for its 2020 restricted stock incentive plan, allowing 2,654,600 shares to be listed and traded starting from May 9, 2025 [13][15][26] - The conditions for unlocking the third restricted period have been met, and the company will proceed with the necessary procedures for the eligible participants [24][27] - The legal opinion confirms that the company has complied with all relevant regulations and procedures regarding the stock incentive plan [27]

证券代码：600298 证券简称：安琪酵母 公告编号：2025-046 号 安琪酵母股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 4 月 30 日 (二) 股东大会召开的地点：公司一楼会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 809 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 391,877,728 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 45.1136 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持情 况等。 本次股东大会由公司董事会召集，董事长熊涛主持，采用现场投票和网络投 票相结合的方式进行表决。本次会议的召开、召集、决策程序符合《公司法》《上 海证券交易所股票上市规则》《上市 ...

本次会议的召集和召开符合《中华人民共和国公司法》《安 琪酵母股份有限公司章程》《安琪酵母股份有限公司董事会议事 规则》的有关规定，会议决议有效。 证券代码：600298 证券简称：安琪酵母 公告编号：2025-047 号 安琪酵母股份有限公司 第十届董事会第一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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 整性承担法律责任。 一、董事会会议召开情况 安琪酵母股份有限公司（以下简称公司）于2025年4月27日 以邮件的方式发出召开第十届董事会第一次会议的通知。会议于 2025年4月30日下午以现场方式在公司五楼会议室召开。本次会 议应参会董事11名，实际参会董事10名，其中董事郑念因出差无 法亲自出席，委托董事王悉山代为投票并表决。会议由全体董事 共同推举熊涛主持，公司监事会成员及高级管理人员列席了会议。 二、董事会会议审议情况 （一）选举第十届董事会董事长的议案 选举熊涛为第十届董事会董事长，任期自本次董事会审议通 过之日起至本届董事会任期届满之日（2028 年 4 月 30 日）止。 个人简历详见附件。 表决结果：11 票同意 ...

北京市通商律师事务所 关于安琪酵母股份有限公司 2024 年年度股东大会的法律意见书 中国北京建国门外大街 1 号国贸写字楼 2 座 12-15 层 100004 12-15th Floor, China World Office 2, No. 1 Jianguomenwai Avenue, Beijing 100004, China 电话 Tel: +86 10 6563 7181 传真 Fax: +86 10 6569 3838 电邮 Email: beijing@tongshang.com 网址 Web: www.tongshang.com 致：安琪酵母股份有限公司 根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共 和国证券法》(以下简称"《证券法》")、《上市公司股东会规则》(以下简称"《股 东会规则》")等法律、法规及规范性文件和《安琪酵母股份有限公司章程》(以 下简称"《公司章程》")的规定，北京市通商律师事务所(以下简称"通商"或 "本所")接受安琪酵母股份有限公司(以下简称"公司")委托，指派本所律师出 席了公司于 2025 年 4 月 30 日召开的 2024 年年度股东 ...

证券代码：600298 证券简称：安琪酵母 公告编号：2025-045 号 安琪酵母股份有限公司 关于 2020 年限制性股票激励计划第三个解除 限售期限制性股票解锁暨上市公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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 完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下， 上市股数为2,654,600股。 本次股票上市流通总数为2,654,600股。 本次股票上市流通日期为2025 年 5 月 9 日。 一、股权激励计划限制性股票批准及实施情况 （一）2020 年限制性股票激励计划已履行的决策程序和信 息披露情况 1.2020 年 11 月 30 日，公司召开第八届董事会第十九次会 议及第八届监事会第十五次会议，分别审议通过了《关于公司 〈2020 年限制性股票激励计划（草案）〉及其摘要的议案》等 相关议案，监事会发表了核查意见，独立董事发表了同意的独立 意见，公司聘请的律师出具了法律意见书。 〈2020 年限制性股票激励计划管理办法〉的议案》《关于提请 股东大会授权董事会办理公司 2020 年限制 ...

金融界4月30日消息，安琪酵母下周将迎来276.5万股解禁，解禁市值约9848.93万元，占解禁前流通市值 比例为0.32%。 安琪酵母所属概念板块包括：食品饮料、湖北板块、标准普尔、富时罗素、MSCI中国、沪股通、中证 500、上证180_、参股新三板、融资融券、QFII重仓、合成生物、化妆品概念、长寿药、湖北自贸、央 国企改革。 资料显示，安琪酵母股份有限公司位于湖北省宜昌市城东大道168号，公司始创于1986年,主导产品酵母 及深加工产品经过30多年的开发,已被广泛应用于烘焙与发酵面食、食品调味、酿造、人类营养健康、 动物、植物、微生物营养等领域。公司在国内11个城市以及埃及、俄罗斯建有工厂,发酵总产能达40万 吨,在国内市场占比55%,在全球占比超18%,酵母系列产品规模已居全球第二。公司建有国家级企业技术 中心、博士后科研工作站,检测中心通过CNAS实验室认可,获得授权发明专利300余项。主导和参与制定 了酵母行业所有的国家和行业标准,两次获得国家科技进步奖。近年来,先后被工信部评为"国家技术创新 示范企业",被国务院国资委评为"国有重点企业管理标杆创建行动标杆企业""创建世界一流专业领军示 范企业 ...