证券代码：600298 证券简称：安琪酵母 公告编号：2025-081 号 安琪酵母股份有限公司 关于为控股子公司提供担保的公告 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。 重要内容提示： 担保对象及基本情况 担保对象 被担保人名称 安琪酵母(柳州)有限公司 本次担保金额 10,000 万元 实际为其提供的担保余额 7,500 万元 是否在前期预计额度内 是 □否 □不适用：_________ 本次担保是否有反担保 □是 否 □不适用：_________ 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 306,000 万元 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 28.26% | | 特别风险提示（如有请勾选） | □对外担保总额（含本次）超过上市公司最 | | | 近一期经审计净资产 50% | | | □对外担保总额（含本次）超过上市公司最 | | | 近一期经审计净资产 100% ...

Core Viewpoint - The company has signed a loan agreement with China Construction Bank for 100 million RMB to support the operational needs of its subsidiary, Chifeng Company, with the company providing a guarantee for this loan [2][5]. Group 1: Loan and Guarantee Details - The loan amount is 100 million RMB, which will be drawn in installments based on actual needs [2]. - The company plans to provide a total external guarantee of 3 billion RMB for the year 2025, all of which will be for its controlling or wholly-owned subsidiaries [5]. - The guarantee for Chifeng Company is structured as a joint liability guarantee, with a guarantee period extending three years beyond the debt fulfillment deadline [3][5]. Group 2: Financial Health and Risk Assessment - Chifeng Company has a stable operational status and good creditworthiness, making the guarantee risk controllable [5]. - The company’s total external guarantee for 2025 represents 27.70% of its most recent audited net assets [5]. - As of the announcement date, the company has provided guarantees totaling 440 million RMB and 1.111 million USD for its subsidiaries, accounting for 4.80% of its most recent audited net assets, with no overdue guarantees reported [5]. Group 3: Board's Opinion - The board believes that providing the guarantee will accelerate the development of Chifeng Company, enhance the company's profitability, and meet its operational funding needs [5]. - The guarantee is deemed compliant with approval procedures and relevant regulations, benefiting both the company and its shareholders [5].

Summary of Key Points Core Viewpoint - Anqi Yeast Co., Ltd. has announced that it will provide a guarantee for its subsidiary, Chifeng Company, to secure a loan of 100 million RMB from China Construction Bank for operational needs [2][5]. Group 1: Guarantee Overview - The company has signed a loan contract with China Construction Bank for a borrowing amount of 100 million RMB, which will be drawn in installments based on actual needs [2]. - The board of directors approved the guarantee proposal on April 8, 2025, and it was ratified at the annual shareholders' meeting on April 30, 2025 [2]. - The total external guarantee limit for 2025 is set at 3 billion RMB, with 1.6 billion RMB allocated for subsidiaries with a debt-to-asset ratio below 70% [2][6]. Group 2: Guarantee Details - The guarantee amount is 100 million RMB, with a joint liability guarantee method [3]. - The guarantee period lasts from the contract's effective date until three years after the debt fulfillment deadline [3]. - The guarantee covers all debts under the main contract, including principal, interest, penalties, and other related costs [5]. Group 3: Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary to meet the operational funding needs of Chifeng Company, which has a stable operating condition and good credit [5]. - The board believes that providing this guarantee will enhance the company's profitability and align with its overall strategy [5]. - The company has no overdue guarantees, and the current guarantee situation is within acceptable risk limits [6].

Core Viewpoint - Anqi Yeast Co., Ltd. is preparing for its shareholder meeting scheduled for September 12, 2025, focusing on maintaining shareholder rights and ensuring orderly proceedings [2][3]. Group 1: Shareholder Meeting Details - The voting time for the shareholder meeting is set for September 12, 2025, from 9:15 AM to 3:00 PM [1]. - The meeting will take place in the company's first-floor conference room, combining on-site and online voting methods [3]. - Attendees must register according to the specified procedures and present identification documents [2][3]. Group 2: Meeting Agenda and Procedures - The agenda includes welcoming remarks, election of monitors, discussion of proposals, and voting on the proposals [3][4]. - Shareholders have the right to speak, inquire, and vote, with a requirement to register for speaking in advance [3][4]. - Voting will be conducted by a named ballot for each proposal, with results announced immediately [3][4]. Group 3: Amendments to Company Rules - The company has revised its "Board Meeting Rules" to standardize terminology and remove references to "supervisors" without substantial changes to the content [4][5]. - Key amendments include the removal of the position of employee director and the establishment of the securities department as the daily affairs handling body for the board [5][6]. - The revised rules also clarify the board's powers and responsibilities, including the management of significant company issues and risk management [6][8]. Group 4: Independent Director System - The company has updated its "Independent Director Work System," ensuring independent directors do not hold other positions within the company and are free from conflicts of interest [21][22]. - The revisions include the establishment of specialized committees within the board, ensuring independent directors hold a majority in certain committees [22][23]. - Independent directors are required to report any conflicts of interest and ensure transparency in their duties [24][25]. Group 5: Fund Management Regulations - Anqi Yeast has revised its "Fund Management Measures" to enhance the management and use of raised funds, ensuring compliance with relevant laws and regulations [27][28]. - The amendments specify the procedures for fund storage, management, and usage, including the establishment of dedicated accounts for raised funds [29][30]. - The company is mandated to disclose the actual use of raised funds and any significant changes affecting investment plans [30][31].

证券代码：600298 证券简称：安琪酵母 公告编号：2025-080 号 安琪酵母股份有限公司 关于为控股子公司提供担保的公告 重要内容提示： 担保对象及基本情况 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。 担保对象 被担保人名称 安琪酵母(赤峰)有限公司 本次担保金额 10,000 万元 实际为其提供的担保余额 30,000 万元 是否在前期预计额度内 是 □否 □不适用：_________ 本次担保是否有反担保 □是 否 □不适用：_________ 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 306,000 万元 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 28.26% | | 特别风险提示（如有请勾选） | □对外担保总额（含本次）超过上市公司最 | | | 近一期经审计净资产 50% | | | □对外担保总额（含本次）超过上市公司最 | | | 近一期经审计净资产 100% ...

安琪酵母股份有限公司 2025 年第四次临时股东会会议资料 2025 年 9 月 12 日 安琪酵母股份有限公司 2025 年第四次临时股东会会议议程 ● 会议召开时间：2025 年 9 月 12 日 ● 现场会议时间：2025 年 9 月 12 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 9 月 12 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 9 月 12 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）； 三、审议会议议案： 1.关于修订公司《董事会议事规则》有关条款的议案； 2.关于修订公司《独立董事工作制度》有关条款的议案； 3.关于修订公司《募集资金管理办法》有关条款的议案； 4.关于修订公司《董事及高管人员薪酬管理办法》有关条款 的议案； 5.关于修订公司《关联交易管理制 ...

Market Overview - The seasoning and fermentation sector experienced a slight decline of 0.14% on September 1, with ST Jia Jia leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Notable gainers in the seasoning and fermentation sector included: - Lianhua Holdings (600186) with a closing price of 6.55, up 4.80% [1] - Anji Food (603696) with a closing price of 13.40, up 2.37% [1] - Shengjing Food (300908) with a closing price of 32.26, up 1.86% [1] - Conversely, ST Jia Jia (002650) saw a significant decline of 4.96%, closing at 6.52 [2] Trading Volume and Capital Flow - The total trading volume for the seasoning and fermentation sector showed a net outflow of 455.27 million yuan from institutional investors, while retail investors experienced a net outflow of 5194.13 million yuan [2] - Notable capital inflows from speculative funds amounted to 5649.4 million yuan [2] Individual Stock Capital Flow - Lianhua Holdings (600186) had a net inflow of 73.80 million yuan from institutional investors, while retail investors saw a net outflow of 54.49 million yuan [3] - Anji Yeast (600298) reported a net inflow of 40.97 million yuan from institutional investors, with retail investors experiencing a net outflow of 30.89 million yuan [3] - Hai Tian Flavor (603288) had a net outflow of 6.06 million yuan from institutional investors, while speculative funds saw a slight inflow of 534.59 million yuan [3]

Investment Rating - The report maintains an "Overweight" rating for the food and beverage industry [8]. Core Insights - The beverage sector is experiencing strong seasonal sales, with cost benefits offsetting competitive pressures, leading to stable profitability [14][20]. - The dairy sector shows flat demand in the first half of 2025, with expectations for improved performance during the upcoming holiday seasons [27][33]. - The beer sector faced demand pressure in Q2 due to policy factors, but cost benefits have become prominent [3][32]. - The snack food sector is experiencing a slowdown in revenue during the off-season, with leading companies focusing on channel adjustments [4][32]. - The condiment sector shows muted demand, with a focus on adjustments and cost improvements [5][32]. - The frozen food sector continues to face operational pressures, with industry price competition affecting profitability [6][32]. Beverage Sector Summary - The soft drink segment achieved Q2 revenue growth of 22.8% year-on-year, driven by strong travel demand and new product launches [14][25]. - Major raw material prices are declining, contributing to stable profitability despite competitive pressures [20][24]. - Key companies such as Nongfu Spring and Uni-President China are recommended for their robust revenue and profit growth [14][20]. Dairy Sector Summary - The dairy sector reported a revenue increase of 3.5% in Q2, with expectations for demand recovery during the Mid-Autumn and National Day holidays [27][28]. - Leading companies like Yili and Mengniu are highlighted for their improved profitability due to lower raw milk costs [27][33]. - The sector's gross margin improved by 0.9 percentage points year-on-year, indicating a positive trend in profitability [32][33]. Beer Sector Summary - The beer sector's Q2 revenue grew by 1.8%, with profitability supported by cost reductions [3][32]. - Companies like Yanjing Beer and Qingdao Beer are recommended for their strong performance in the premium segment [3][32]. Snack Food Sector Summary - The snack food sector experienced a revenue decline of 0.3% in Q2, with leading companies focusing on inventory management and channel strategies [4][32]. - Companies such as Weidong and Yanjinpuzi are recommended for their potential benefits from category and channel advantages [4][32]. Condiment Sector Summary - The condiment sector saw a revenue increase of 4.5% in Q2, with a focus on channel replenishment and cost improvements [5][32]. - Companies like Haitian Flavoring and Angel Yeast are highlighted for their strong market positions [5][32]. Frozen Food Sector Summary - The frozen food sector reported a revenue increase of 2.6% in Q2, but profitability is under pressure due to intense competition [6][32]. - Companies such as Anjijia and Lihai Foods are recommended for their potential recovery in the upcoming seasons [6][32].

Group 1 - Feng Liu's Gao Yi Lin Shan No.1 Fund entered the top ten circulating shareholders of 12 A-shares with a total holding value of approximately 15.445 billion [1] - The fund increased its positions in Angel Yeast, Songjing Co., and Tongrentang, while reducing holdings in Hikvision, Ruifeng New Materials, Zhongju High-tech, Guoci Materials, Dongcheng Pharmaceutical, and Titan Technology [1][5] - Deng Xiaofeng's Gao Yi Xiaofeng No.2 Fund entered the top ten circulating shareholders of 5 A-shares with a total holding value of approximately 6.768 billion, while the Xiaofeng Hongyuan Trust Plan entered 2 A-shares with a total holding value of approximately 3.754 billion [9] Group 2 - Feng Liu's investment philosophy includes three types: investing in well-known good companies, lesser-known good companies, and unknown good companies, each with varying levels of risk and return [6][7] - Deng Xiaofeng emphasizes assessing a company's capacity and space, profit margin based on business characteristics, and the importance of forward-looking investment strategies in rapidly changing industries [18] - The current market trend shows a migration of funds from low-yield deposits to capital markets, driven by the pursuit of higher potential returns [25][27]

Company Overview - Angel Yeast Co., Ltd. is located at 168 Chengdong Avenue, Yichang City, Hubei Province, established on March 25, 1998, and listed on August 18, 2000. The company primarily engages in the development, production, and operation of yeast, yeast derivatives, and related biological products [1] - The main business revenue composition includes yeast and related industries at 90.62%, other at 7.89%, and packaging materials at 4.07% [1] Financial Performance - For the first half of 2025, Angel Yeast achieved operating revenue of 7.899 billion yuan, a year-on-year increase of 10.10%, and a net profit attributable to shareholders of 799 million yuan, a year-on-year increase of 15.66% [2] - The company has cumulatively distributed 3.961 billion yuan in dividends since its A-share listing, with 1.341 billion yuan distributed in the last three years [3] Stock Market Activity - As of September 1, Angel Yeast's stock price increased by 2.02%, reaching 40.41 yuan per share, with a trading volume of 367 million yuan and a turnover rate of 1.07%, resulting in a total market capitalization of 35.081 billion yuan [1] - The stock has risen by 13.83% year-to-date, with a 1.25% increase over the last five trading days, a 16.93% increase over the last 20 days, and a 9.51% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on March 5, where it recorded a net buy of -136 million yuan [1] Shareholder Information - As of June 30, the number of shareholders of Angel Yeast was 63,900, a decrease of 5.74% from the previous period, with an average of 13,411 circulating shares per person, an increase of 6.42% [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 36.9082 million shares, an increase of 1.3394 million shares from the previous period [3]