根据《2025 年第一次临时股东大会决议》，公司于 2025 年 5 月 28 日完成了股份回购注销，合计注销股份 506,200 股（其中 2020 年股权激励股份 18,200 股，2024 年股权激励 股份 488,000 股）。结合《中华人民共和国公司法》《上海 证券交易所股票上市规则》等相关规定，本次股份注销导致 公司注册资本及股份数相应减少，需对《公司章程》有关条 款进行修订，具体内容如下： | | 修订前 | | 修订后 | | --- | --- | --- | --- | | 第六条 | 公司注册资本为人民币 | 第六条 | 公司注册资本为人民币 | | 868,644,671 | 元。 | 868,138,471 | 元。 | | 第二十四条 | 公司已发行的股份数为 | 第二十四条 | 公司已发行的股份数为 | | 868,644,671 | 股，全部为人民币普通股。 | 868,138,471 | 股，全部为人民币普通股。 | 除上述条款修订外，原《公司章程》其他内容不变，修 订后的全文详见上海证券交易所网站。公司将在 2025 年第 证券代码：600298 证券简称：安琪酵母 公告编 ...

证券代码：600298 证券简称：安琪酵母 公告编号：2025-069 号 安琪酵母股份有限公司关于收购呼伦贝尔 晟通糖业科技有限公司 55%股权的公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 交易内容: 安琪酵母股份有限公司（以下简称公司）拟收购呼伦贝尔晟通糖 业科技有限公司（以下简称晟通糖业）55%股权,交易金额为 50,566.604 万元。 一、交易概述 （一）本次交易的基本情况 1.本次交易概况 根据公司战略规划和经营发展的需要，公司同郑建臣、郑笑冉、晟通糖业签署《关 于呼伦贝尔晟通糖业科技有限公司的股权转让协议》（以下简称《股权转让协议》）。 根据上述协议，郑建臣向公司转让其所持晟通糖业的 55%股权（对应注册资本 2.2 亿 元），转让对价 50,566.604 万元（对应转让价格为 2.2985 元/股）；向郑笑冉转让 其所持晟通糖业的 15%股权（对应注册资本 6,000 万元），转让对价 6,000 万元。 本次交易不构成关联交易。 本次交易不构成重大资产重组。 交易实施尚 ...

证券代码：600298 证券简称：安琪酵母 公告编号：2025-070 号 安琪酵母股份有限公司 关于召开2025年第三次临时股东会的通知 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。 重要内容提示： 召开会议的基本情况 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 8 月 11 日 至2025 年 8 月 11 日 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股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 (一) 股东会类型和届次 2025年第三次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相 结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 8 月 11 日 14 点 00 分 召开地点：公司一楼会议室 股东会召开日期：2025年8月11日 本次股东大会采用的网络投票 ...

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7月21日 以邮件的方式发出召开第十届董事会第四次会议的通知。会议于 2025年7月24日上午以现场与通讯相结合的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11名，其中以 通讯表决方式出席会议的董事6名。会议由董事长熊涛主持，公 司部分高级管理人员列席了会议。 证券代码：600298 证券简称：安琪酵母 公告编号：2025-065 号 安琪酵母股份有限公司 第十届董事会第四次会议决议公告 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。 二、董事会会议审议情况 （一）关于回购注销 2024 年限制性股票激励计划部分限制 性股票及调整回购价格的议案 内容详见上海证券交易所网站（www.sse.com.cn）上披露的 《关于回购注销 2024 年限制性股票激励计划部分限制性股票及 调整回购价格 ...

Core Viewpoint - The company plans to acquire a 55% stake in Hulunbuir Shengtong Sugar Industry Technology Co., Ltd. for 506 million yuan, which will enhance its sugar segment and overall competitiveness [1] Group 1: Acquisition Details - The transaction amount for the acquisition is 506 million yuan [1] - After the acquisition, Shengtong Sugar Industry will become a subsidiary of the company and will be included in the consolidated financial statements [1] Group 2: Strategic Implications - The acquisition is expected to promote the development of the company's sugar segment and its downstream industry chain [1] - It aims to optimize the company's industrial structure, enhancing its sustainable profitability and comprehensive competitiveness [1] - The move is anticipated to support the company's steady growth [1]

Core Points - Anqi Yeast Co., Ltd. has been approved to publicly issue corporate bonds totaling up to 2 billion yuan, with a registration validity of 24 months [1] - The first phase of the bond issuance is set at a maximum scale of 1 billion yuan, with a maturity of 10 years and options for interest rate adjustment and investor redemption at the end of the fifth year [1] Summary of Issuance Results - The bond issuance concluded on July 22, 2025, with a final issuance size of 1 billion yuan and a coupon rate of 1.85%, achieving a subscription multiple of 3.45 times [2] - Key stakeholders, including directors, senior management, and shareholders with over 5% ownership, did not participate in the bond subscription [2]

Investment Rating - The report maintains a "Recommended" rating for the food and beverage industry, particularly highlighting opportunities in the liquor sector and food products [1] Core Insights - The liquor industry is undergoing extreme pressure testing, with a significant focus on inventory clearance and bottoming out of financial reports. The second quarter has shown weak demand due to seasonal factors and regulatory impacts, leading to a notable decline in sales and pricing pressures [5][10] - High-end liquor brands like Moutai are expected to maintain growth, while mid-tier brands face challenges with declining revenues and profits. The overall industry is in a deep clearance phase, with potential for recovery as regulations stabilize [5][12] - The consumer goods sector shows mixed performance, with snacks and beverages remaining strong, while other segments like frozen foods and chain restaurants face ongoing demand pressures [20][25] Summary by Sections 1. Liquor Sector - The liquor industry is experiencing extreme pressure, with weak demand in the second quarter and significant inventory levels. Major brands like Moutai and Wuliangye are expected to show modest growth, while others like Yanghe and Luzhou Laojiao are facing declines [5][11][12] - Moutai's revenue is projected to grow by 7% in Q2, while Wuliangye is expected to see a 1% increase. In contrast, brands like Yanghe and Luzhou Laojiao are forecasted to decline by 35% and 8% respectively [11][12] 2. Consumer Goods - The overall demand for consumer goods remains weak, but segments like snacks and beverages are performing well. For instance, East Peak is expected to see a 33% increase in revenue, while other snack brands are also showing positive trends [20][25] - The beverage sector is projected to see positive growth, with major brands like Qingdao Beer and Yanjing expected to report increases in revenue and profit [25][26] 3. Investment Recommendations - The report suggests focusing on high-performing stocks in the short term while considering long-term investments in liquor brands that are currently at their bottom. Brands like Moutai and Gujing are recommended for their lower risk profiles [7][8] - For consumer goods, companies like Anqi and East Peak are highlighted for their growth potential, while traditional dairy brands like Yili and Mengniu are suggested for a bundled investment approach [7][8]

经核查，发行人的董事、高级管理人员、持股比例超过百分 之五的股东及其他关联方未参与本期债券的认购,本期债券承销 机构及关联方未参与本期债券的认购。 特此公告。 根据中国证券监督管理委员会出具的《关于同意安琪酵母股 份有限公司向专业投资者公开发行公司债券注册的批复》（证监 许可〔2025〕387号），安琪酵母股份有限公司（以下简称公司） 获准向专业投资者公开发行面值总额不超过20亿元公司债券,批 复有效期自同意注册之日起24个月内有效，公司在注册有效期内 可以分期发行公司债券。 根据《安琪酵母股份有限公司2025年面向专业投资者公开发 行科技创新公司债券（第一期）募集说明书》，公司2025年面向 专业投资者公开发行科技创新公司债券（第一期）（以下简称本 期债券）发行规模为不超过10亿元（含10亿元）。本期债券期限 为10年，附第5年末发行人调整票面利率选择权和投资者回售选 择权。 本期债券发行工作已于 2025 年 7 月 22 日结束,最终发行规 模为 10 亿元，票面利率为 1.85%，认购倍数为 3.45 倍。 安琪酵母股份有限公司董事会 证券代码：600298 证券简称：安琪酵母 公告编号：2025-0 ...

Investment Rating - The overall investment rating for the food and beverage industry is positive, with expectations of returns exceeding the CSI 300 index by more than 5% in the next six months [23]. Core Insights - The food and beverage sector has shown signs of stabilization and recovery, with soft drinks, liquor, and dairy products leading in growth. The sector index increased by 0.97%, ranking 14th among 31 sub-industries [4][13]. - The liquor segment is experiencing a rebound, with the SW liquor index rising by 0.88%. The sector is in a bottoming phase, with a focus on the upcoming demand during the Mid-Autumn Festival and National Day [5][17]. - The beverage market is seeing mixed short-term performances due to external events, but there is a long-term positive outlook for companies with upward momentum [6][18]. Summary by Sections Liquor Sector - The liquor sector is recommended for investment, with specific companies like Guizhou Moutai, Luzhou Laojiao, Shanxi Fenjiu, and Jianshiyuan receiving "Buy" ratings. The sector is currently at a historical low valuation, suggesting a potential recovery [3][5][21]. - The price of Moutai (bottle) is reported at 1890 RMB, showing a slight increase, while the price of Wuliangye remains stable at 870 RMB [5][17]. Beverage Sector - The beverage sector is experiencing fluctuations due to public sentiment affecting certain brands. Companies like Nongfu Spring and China Resources Beverage have shown resilience, with Nongfu Spring's market share recovering significantly [6][20]. - Recommendations include Youyou Foods, Dongpeng Beverage, and Dashi Co., with a focus on companies that can capitalize on market share recovery [6][18][21]. Food Sector - The food sector has seen some companies facing challenges due to external events, but there are still opportunities for growth in the long term. The focus remains on companies with strong mid-year performance [6][18].

Market Performance - The market continued to rise last week, with the Shanghai Composite Index up 0.69%, the Shenzhen Component Index up 2.04%, and the ChiNext Index up 3.17% [1] - The China Securities Xinhua National Brand Index increased by 1.63%, closing at 1706.67 points [1] Strong Stock Performance - Several constituent stocks performed strongly last week, including: - Zhongji Xuchuang up 24.33% - Xinlitai up 20.86% - Ecovacs up over 20% - Woer Biotech and AVIC Shenfei up 15.42% and 12.78% respectively [1] - Year-to-date performance shows: - Xinlitai up 78.17% - WuXi AppTec up 53.33% - Ecovacs up over 50% [2] Market Outlook - Institutions believe the Shanghai Composite Index has stabilized above 3500 points, indicating strong bullish momentum [2] - Increased market profitability is expected to attract more external funds, supported by ample liquidity and positive trading sentiment [2] - The current market may be at the beginning of a new bull market, driven by domestic policy support and improving fundamentals [2] Focus on Earnings and Policies - The upcoming earnings season is expected to significantly impact individual stock performance [3] - Market attention will shift towards domestic policies and Federal Reserve actions, which may form the basis for mid-term trends [3] - Structural opportunities are anticipated to be key for A-share investments in the second half of the year, with a focus on core A-share assets [3]