广东肇庆星湖生物科技股份有限公司 对外担保管理制度 （2025 年修订） 第一章 总 则 第一条 为规范广东肇庆星湖生物科技股份有限公司（以下简称"公 司"）的对外担保行为，有效防范财务风险，保证公司资产安全，确保公司 经营稳健，根据《中华人民共和国民法典》（以下简称"《民法典》"）、《中 华人民共和国公司法》（以下简称"《公司法》"）、《上市公司监管指引第 8 号——上市公司资金往来、对外担保的监管要求》《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》及《广东肇庆星湖生物科技股份有 限公司章程》（以下简称"公司章程"）的有关规定，制定本制度。 第二条 本制度所称的对外担保，是指公司以担保人名义，用自有资 产或信誉与债权人约定，当债务人（以下称"被担保人"）不履行到期债务 时，按照约定履行债务或承担责任的行为。 第三条 本制度的目的是强化公司内部监控，完善对公司担保事项的 事前评估、事中监控、事后追偿与处置机制，尽可能地防范因被担保人财 务状况恶化等原因给公司造成的潜在偿债风险，合理避免和减少可能发生 的损失。 第四条 公司对外担保根据公司章程的规定实行统一管理，非经公司 有权决策机构批准，任何 ...

广东肇庆星湖生物科技股份有限公司 董事会议事规则 （2025 年修订） 第一章 总 则 第一条 为了规范广东肇庆星湖生物科技股份有限公司董事会(以下简称 "董事会")的议事和决策程序，确保董事会高效、科学和安全地进行决策，根 据《中华人民共和国公司法》(以下简称"《公司法》")、《上海证券交易所股票 上市规则》(以下简称"《上市规则》")、《上市公司治理准则》等相关法律法规 以及《广东肇庆星湖生物科技股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，特制定本规则。 第二条 董事会是公司的执行机构和经营决策机构，对股东会负责并报告工 作。 第二章 董事会的职权与授权 第三条 公司董事会行使下列职权： (一)召集股东会,并向股东会报告工作； (四)制订公司的年度财务预算方案、决算方案； (五)制订公司的利润分配方案和弥补亏损方案； (六)制订公司增加或者减少注册资本、发行债券或其他证券及上市方案； (七)拟订公司重大收购、收购本公司股票或者合并、分立、解散及变更公司 形式的方案； (八)在股东会授权范围内，决定公司对外投资、收购出售资产、资产抵押、 对外担保事项、委托理财、关联交易、对外捐赠等事项； ( ...

广东肇庆星湖生物科技股份有限公司 股东会议事规则 （2025 年修订） 第一章 总则 第一条 为维护广东肇庆星湖生物科技股份有限公司（以下简称 "公司"）及公司股东的合法权益，明确股东会的职责权限，规范股 东会运作程序，提高股东会议事效率，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》"）、《上市公司治理准则》《上市公司股东会规则》及《广东肇 庆星湖生物科技股份有限公司章程》（以下简称"公司章程"）的有关 规定，特制定本规则。 第二条 公司应当严格按照法律、行政法规、本规则及公司章程 的相关规定召开股东会，保证股东能够依法行使权利。 （二）出席会议人员的资格、召集人资格是否合法有效； （三）会议的表决程序、表决结果是否合法有效； （四）应公司要求对其他有关问题出具的法律意见。 第二章 股东会的召集 第三条 股东会应当在《公司法》和公司章程规定的范围内行使 职权。 第四条 股东会分为年度股东会和临时股东会。年度股东会每年 召开一次，应当于上一会计年度结束后的六个月内举行。临时股东会 不定期召开，出现《公司法》第一百一十三条规定的应当召开临时股 东会的情 ...

第一章 总则 第一条 为进一步完善广东肇庆星湖生物科技股份有限公司 （以下简称"公司"）的法人治理结构，充分发挥独立董事在公司 治理中的作用，促进公司规范运作，根据《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司独立董事管理办法》（以下简 称"《独立董事管理办法》"）、《上海证券交易所股票上市规则》（以 下简称"《股票上市规则》"）、《上海证券交易所上市公司自律监管 指引第 1 号——规范运作》（以下简称"《规范运作指引》"）和《广 东肇庆星湖生物科技股份有限公司章程》（以下简称"公司章程"） 等有关规定，结合公司的实际情况，制定本制度。 第二条 独立董事是指不在公司担任除董事以外的其他职务， 并与公司及公司主要股东、实际控制人不存在直接或者间接利害关 系，或者其他可能影响其进行独立客观判断的关系的董事。 第三条 独立董事应当独立履行职责，不受公司及其主要股东、 实际控制人以及其他与上市公司存在利害关系的组织或者个人的影 响。 第四条 独立董事对公司及全体股东负有忠实与勤勉义务，应 当按照法律、行政法规、中国证券监督管理委员会（以下简称"中 国证监会"）规定、上海证券交易所（以下简称"证券交易所" ...

星湖科技公告，2025年上半年营业收入81.6亿元，同比下降3.85%。净利润8.36亿元，同比增长 65.22%。 ...

Group 1 - The core viewpoint of the article highlights a significant surge in the sugar substitute concept stocks, with notable performances from several companies [1] Group 2 - Zhonghua International experienced a limit-up increase in its stock price [1] - Baolingbao saw an increase of over 5% in its stock price [1] - Huakang Co., Bailong Chuangyuan, and Xinghuo Technology also experienced upward movements in their stock prices [1]

Group 1 - The pig farming sector experienced a rise in stock prices, with the breeding ETF (516760) increasing by 0.43% and key stocks like Xinghuo Technology (600866) and Muyuan Foods (002714) rising by 2.04% and 2.02% respectively [1] - The National Development and Reform Commission reported that the national average pig-to-grain price ratio fell below 6:1, prompting the government to initiate central frozen pork reserves, with 10,000 tons to be stored on August 25 and 19,000 tons from August 26 to 29 [1] - The storage initiative is expected to boost market sentiment for pig prices, which are anticipated to rise due to previous factors such as outbreaks of disease and oversupply, leading to a reduction in supply and improved consumption at the end of the month [1] Group 2 - The breeding ETF closely tracks the China Securities Livestock Breeding Index, which includes companies involved in livestock feed, veterinary drugs, and livestock farming, reflecting the overall performance of related listed companies [2] - The latest price-to-earnings ratio (PE-TTM) for the breeding ETF is 13.71 times, which is below the historical average of 15.46%, indicating that the valuation is low compared to 84.54% of the time over the past three years [2] - The current low valuation of the sector suggests a high margin of safety, prompting a recommendation to actively monitor the breeding ETF (516760.SH) [2]

Group 1 - The concept stocks related to sugar substitutes experienced significant fluctuations, with Zhonghua International hitting the daily limit increase [1] - Baolingbao saw an increase of over 5%, indicating strong market interest [1] - Other companies such as Huakang Co., Bailong Chuangyuan, and Xinghuo Technology also followed suit with upward movements in their stock prices [1]

Group 1 - The central government will soon initiate the reserve collection of frozen pork to stabilize the pork market due to increased supply and a slight decline in prices [1] - The average pig-to-grain price ratio has dropped below 6:1, indicating a need for intervention to maintain market stability [1] - The China Livestock Breeding Index (930707) has shown a slight increase of 0.14%, with key stocks like Shennong Group and Haida Group experiencing gains [1] Group 2 - In the second half of 2025, supply pressure is expected to be significant, with policies aimed at high-quality development and capacity control to stabilize prices [2] - The top ten weighted stocks in the China Livestock Breeding Index account for 64.83% of the index, indicating concentrated market performance [2] - The livestock ETF closely tracks the China Livestock Breeding Index, reflecting the overall performance of listed companies in the livestock sector [2]

Core Viewpoint - The amino acid market in China is experiencing growth driven by downstream sectors such as feed, food processing, pharmaceuticals, and health products, with a projected demand of 575.08 million tons in 2023, but expected to decline to 561.52 million tons in 2024 due to macroeconomic factors [1][19]. Overview - Amino acids are essential components of proteins and are widely used in various industries, including feed, food, and pharmaceuticals [2][6]. - The classification of amino acids includes essential, semi-essential, and non-essential types, with specific applications based on their properties [3][4]. Market Demand and Trends - The demand for amino acids is projected to decrease in 2024, with the market size expected to drop to 60.862 billion yuan, where glutamic acid accounts for 33.35%, lysine for 32.79%, threonine for 10.11%, methionine for 13.73%, and tryptophan for 2.15% [1][19]. - There is a growing consumer preference for natural and healthy products, which is expected to boost the demand for green and environmentally friendly amino acids and derivatives [1][19]. Industry Development - The amino acid industry in China has evolved from extraction methods to microbial fermentation, significantly reducing production costs and increasing efficiency [6][7]. - The industry is witnessing consolidation, with larger companies acquiring smaller ones to enhance market share and competitiveness [7][8]. Market Policies - Recent policies in China support technological innovation and industrial upgrades in the amino acid sector, promoting the use of amino acids in feed to ensure supply safety [10][12]. Industry Chain - The upstream of the amino acid industry includes suppliers of raw materials like corn, soybeans, and wheat, while the downstream encompasses applications in feed, food processing, pharmaceuticals, and health products [13][15]. - The feed sector is the largest market for amino acids, accounting for over 60% of demand, with significant growth in industrial feed production [17][19]. Competitive Landscape - The amino acid market in China is concentrated among leading companies such as Meihua Biological Technology Group, Fujian Fufeng Group, and Zhejiang New Hope Liuhe, which dominate the market [21][25]. - Meihua Biological is the largest producer of lysine, while Fufeng Group leads in MSG production, indicating a competitive environment with significant market players [21][27]. Future Trends - There is an increasing demand for high-purity amino acids in pharmaceuticals and cosmetics, supported by national policies favoring green production methods [29][30].