Group 1 - The company, Shengtai Group (605138), recently disclosed its expected related party transactions for the year 2026 and a shareholder reduction plan [1] - The company anticipates a total of 800 million yuan in related procurement and sales transactions with Itochu Corporation and its consolidated subsidiaries, and 94.5 million yuan in transactions related to utility fee collection and sales with Youngor Group (600177) and its consolidated subsidiaries [2] - The pricing for related party transactions follows market principles [2] Group 2 - Youngor Group, which holds a 12.61% stake in Shengtai Group, plans to reduce its holdings by up to 16.6671 million shares, representing 3% of the company's total share capital, between January 12, 2026, and April 11, 2026, through a centralized bidding method [3]

Core Insights - The continuous stable development of the domestic economy is driving demand growth in downstream industries such as pharmaceuticals, food, and chemicals, providing a broad domestic market space for the glucose industry [1][5]. Glucose Industry Overview - Glucose is a widely distributed colorless monosaccharide that is soluble in water and has a sweet taste, with extensive applications in various sectors including pharmaceuticals, chemicals, food, and fermentation [2][4]. - The glucose industry is categorized into industrial glucose, edible glucose, and medicinal glucose based on application [2]. Market Demand and Production - In 2024, China's glucose production is projected to reach 4.6988 million tons, with a market size of 11.703 billion yuan and a demand of 3.3089 million tons [1][6]. - The demand breakdown for 2024 includes: food sector 1.4526 million tons (43.9%), chemical sector 0.8008 million tons (24.2%), derivatives 0.4897 million tons (14.8%), pharmaceuticals 0.3342 million tons (10.1%), and feed and others 0.2316 million tons (7.0%) [1][5]. - For 2025, production is expected to be approximately 4.7772 million tons, with a market size of about 12.248 billion yuan and a demand of around 3.5642 million tons [1][6]. Industry Development Environment - The increasing demand for glucose is supported by national policies aimed at ensuring quality safety and promoting healthy industry development [4]. Industry Chain - The glucose industry chain includes upstream agricultural crop cultivation (corn, wheat, potatoes, rice), enzyme production, chemical reagent supply, and equipment manufacturing [6]. - The quality and stability of upstream processes directly impact production costs and product quality in the glucose industry [6]. Industry Barriers - The glucose industry has significant entry barriers due to the unique characteristics of deep processing of agricultural products, particularly in a circular economy model [7]. Industry Development History - The development of China's glucose industry can be divided into three stages: initiation and exploration (1950s-1980s), explosive growth (1990s-2010), and high-quality development (2010-present) [7]. Competitive Landscape - China is a major global producer of glucose, with significant production capacity concentrated in companies such as Xiwang Group and Shengtai Group [8]. - As of 2024, the glucose industry capacity in China is estimated at 5.22 million tons [8]. Industry Trends - The glucose industry is experiencing positive R&D and production trends, with ongoing technological innovations driving industry upgrades [9]. - There is a growing focus on green production technologies to reduce waste emissions, alongside the development of functional glucose products to meet diverse market demands [9][10].

2025年，全球经贸环境不确定性进一步加大，在全球经济供强需弱的背景下，我国纺织行业供给侧表现 较好，但国内纺织品服装参与国际竞争难度总体加大。因市场环境变化，公司预计对持有的Natural Fiber Welding,Inc.,股权计提资产减值2,500万元左右，同时，报告期内公司对部分生产基地进行了整合， 产生离职补偿金2,100万元左右，受前述非经常性因素的影响，报告期内公司归属于上市公司股东的净 利润同比下降。 智通财经APP讯，盛泰集团(605138.SH)发布2025年年度业绩预告，预计公司2025年年度实现归属于上 市公司股东的净利润为1,800万元至2,700万元，与上年同期4,664.95万元相比，将减少1,964.95万元至 2,864.95万元，同比减少42.12%至61.41%。 ...

证券日报网讯 1月29日，盛泰集团发布公告称，公司预计2025年年度实现归属于上市公司股东的净利润 为1800万元至2700万元，与上年同期相比，同比减少42.12%至61.41%。 （文章来源：证券日报） ...

| 证券代码：605138 | 证券简称：盛泰集团 | 公告编号：2026-003 | | --- | --- | --- | | 转债代码：111009 | 转债简称：盛泰转债 | | 盛泰智造集团股份有限公司 2025 年年度业绩预告 一、本期业绩预告情况 （一）业绩预告期间 2、预计公司 2025 年年度实现归属于上市公司股东的扣除非经常性损益的净 利润为 3,000 万元至 4,500 万元，与上年同期 4,045.03 万元相比，将减少 1,045.03 万元至增加 454.97 万元，同比减少 25.83%至增加 11.25%。 2025 年 1 月 1 日至 2025 年 12 月 31 日。 重要内容提示： 1、经财务部门初步测算，预计公司 2025 年年度实现归属于上市公司股东的 净利润为1,800万元至2,700万元，与上年同期4,664.95万元相比，将减少1,964.95 万元至 2,864.95 万元，同比减少 42.12%至 61.41%。 盛泰智造集团股份有限公司（以下简称"公司"）2025年度实现盈利，且 净利润与上年同期相比可能下降50%以上。 预计2025年年度实现归属于上 ...

盛泰集团1月29日公告，预计2025年度归母净利润1800万元-2700万元，同比减少42.12%-61.41%。该公 司称， 因市场环境变化，公司预计对持有的 Natural Fiber Welding, Inc.,股权计提资产减值2500万元左 右，同时，报告期内公司对部分生产基地进行了整合，产生离职补偿金2100万元左右，受前述非经常性 因素的影响，报告期内公司归属于上市公司股东的净利润同比下降。 ...

本期业绩预减的主要原因：2025年，全球经贸环境不确定性进一步加大，在全球经济供强需弱的背景 下，我国纺织行业供给侧表现较好，但国内纺织品服装参与国际竞争难度总体加大。因市场环境变化， 公司预计对持有的 Natural Fiber Welding, Inc.,股权计提资产减值2500万元左右，同时，报告期内公司对 部分生产基地进行了整合，产生离职补偿金2100万元左右，受前述非经常性因素的影响，报告期内公司 归属于上市公司股东的净利润同比下降。 格隆汇1月29日丨盛泰集团(605138.SH)公布，预计2025年年度实现归属于上市公司股东的净利润为1800 万元至2700万元，与上年同期相比，同比减少42.12%至61.41%。扣除非经常性损益事项后，预计2025 年年度实现归属于上市公司股东的扣除非经常性损益的净利润为3000万元至4500万元，与上年同期相 比，同比减少25.83%至增加11.25%。 ...

南财智讯1月29日电，盛泰集团发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 1800万元—2700万元，同比预减42.12%—61.41%；预计2025年全年归属于上市公司股东的扣除非经常 性损益的净利润为3000万元—4500万元，同比预减25.83%—预增11.25%。本期业绩预减的主要原因： 2025年，全球经贸环境不确定性进一步加大，在全球经济供强需弱的背景下，我国纺织行业供给侧表现 较好，但国内纺织品服装参与国际竞争难度总体加大。因市场环境变化，公司预计对持有的 NaturalFiberWelding,Inc.,股权计提资产减值2500万元左右，同时，报告期内公司对部分生产基地进行了 整合，产生离职补偿金2100万元左右，受前述非经常性因素的影响，报告期内公司归属于上市公司股东 的净利润同比下降。 ...

Core Viewpoint - The announcement details the conversion results of the company's convertible bonds, indicating low conversion activity and a significant amount of unconverted bonds remaining. Group 1: Convertible Bond Conversion Status - As of December 31, 2025, a total of 121,000 yuan of "Shengtai Convertible Bonds" has been converted into common stock, resulting in 11,397 shares, which represents 0.0021% of the company's total shares before conversion [2][6] - The amount of unconverted "Shengtai Convertible Bonds" as of December 31, 2025, is 701,048,000 yuan, accounting for 99.9812% of the total issuance [2][6] - For the quarter from October 1, 2025, to December 31, 2025, the amount converted was 13,000 yuan, leading to the issuance of 1,229 shares [2][6] Group 2: Convertible Bond Issuance Overview - The company issued 7,011,800 convertible bonds with a total fundraising amount of 701.18 million yuan, with a maturity of 6 years and a face value of 100 yuan per bond [3] - The coupon rates for the bonds are structured to increase from 0.30% in the first year to 2.00% in the sixth year [3] - The initial conversion price was set at 10.90 yuan per share, which has been adjusted to 10.56 yuan per share as of the latest update [3][4] Group 3: Conversion Period and Buyback - The conversion period for "Shengtai Convertible Bonds" is from May 11, 2023, to November 6, 2028 [5] - The company executed a buyback of 110 bonds for a total amount of 11,041.80 yuan (including interest) between March 25 and March 31, 2025 [4]

证券代码：605138 证券简称：盛泰集团 公告编号：2026-002 转债代码：111009 转债简称：盛泰转债 盛泰智造集团股份有限公司 可转债转股结果暨股份变动公告 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： 累计转股情况：截至 2025 年 12 月 31 日，累计有 121,000 元"盛泰转债" 转换为公司普通股股票，累计转股数 11,397 股，占可转债转股前公司已发行股份 总额的 0.0021%。 未转股可转债情况：截至 2025 年 12 月 31 日，尚未转股的"盛泰转债" 金额为 701,048,000 元，占可转债发行总量的 99.9812%。 本季度转股情况：2025 年 10 月 1 日-2025 年 12 月 31 日，可转债转股的金 额为 13,000 元，因转股形成的股份数量为 1,229 股。 一、可转债发行上市概况 2、因公司实施 2023 年年度利润分配方案，自 2024 年 6 月 5 日起，转股价格 调整为 10.61 元/股，详见《关于因利润分配调整可转债转 ...