证券日报网2月3日讯 ，中粮科技（000930）在接受调研者提问时表示，毛利率提升主要源于公司从销 售单一淀粉糖产品转向提供"解决方案式"营销服务。公司针对头部客户等特定需求，进行风味调配和复 配，提供定制化的甜味剂解决方案。高附加值服务为淀粉糖业务毛利提升带来了积极贡献。 ...

证券日报网2月3日讯，中粮科技（000930）在接受调研者提问时表示，公司通过多元化原料采购降低成 本，包括木薯原料，以及拓展柬埔寨东南亚等地的原料来源。公司产能利用率常年保持高位或超负荷运 转。作为国内最早获得牌照的定点企业之一，公司与主要客户建立了相对稳定的合作关系，在产品质 量、生产稳定性和服务方面具备较强竞争力。目前公司年销量约130万吨，占整个市场规模逾三成，处 于行业领先地位。 ...

证券日报网2月3日讯，中粮科技（000930）在接受调研者提问时表示，煤制乙醇属于化石能源路径，与 生物质能源不属于同一赛道。根据相关的国家标准，燃料乙醇限于生物质原料制备。煤制乙醇的主要使 用场景是非食品与非燃料乙醇类的其他工业领域。 ...

证券日报网2月3日讯，中粮科技（000930）在接受调研者提问时表示，公司阿洛酮糖采用自主知识产权 酶法催化技术，核心用酶在活性、稳定性及成本上均具优势，目前已着手储备下一代升级技术。公司具 备显著的上下游协同优势，产能规划节奏可紧密跟随市场需求动态调整，当前正大力与下游乳品、饮料 等客户合作研发，推出终端产品。该类产品在国际市场已实现广泛应用并获得充分认可，国内市场目前 处于发展起步阶段，具备广阔的应用拓展空间，未来市场增长潜力显著。 ...

证券日报网讯2月3日，中粮科技（000930）在互动平台回答投资者提问时表示，截至2026年1月30日， 中粮科技股东人数合计108110户。 ...

Group 1: Business Overview - The company operates in three main business segments: - Fuel ethanol business accounts for approximately 44% of revenue, with a production capacity of 1.3 million tons and a market share of 32%-40% in a domestic market of about 3 million tons per year [1][2] - Food raw materials business contributes around 20%-30% of revenue, focusing on customized sweetener solutions for leading food and beverage companies [2][3] - Biobased new materials business is a strategic emerging segment expected to start production in Q1 2026, leveraging existing corn deep processing capacity [3][4] Group 2: Competitive Landscape - Fuel ethanol is categorized as biomass energy, with no direct competition from coal-based ethanol due to regulatory restrictions [3][4] - Long-term demand for fuel ethanol remains stable, driven by the coexistence of fuel and new energy vehicles and regulatory requirements for gasoline quality [4][5] - The company aims to maintain its market position by building a comprehensive cost advantage through technology upgrades, diversified raw material sourcing, and optimized internal management [5][6] Group 3: Regional Strategies - In Northeast China, the company focuses on cost reduction and efficiency improvements through personnel optimization and major technological upgrades [6][7] - The company is adapting its competitive strategy in the starch and MSG sectors by shifting focus from low-value products to high-margin offerings [7][8] Group 4: Innovation and Future Prospects - The company has a three-step strategy for its core health sweetener product, allulose, with plans for market expansion and collaboration with leading food and beverage companies [8][9] - The company anticipates that high-value products like flavored syrups will see increased revenue share as market demand grows [9] - The progress of the lactide project has been delayed due to site relocation and necessary adjustments, but the long-term outlook remains positive [9] Group 5: Raw Material Management - The company employs risk management strategies, including hedging, to manage procurement costs and mitigate price volatility risks, particularly for corn [9]

Group 1: Fuel Ethanol Business Overview - Fuel ethanol is one of the three core businesses of the company, accounting for 44%-45% of total revenue, making it a significant source of income and profit [1] - The company has a production capacity of 1.3 million tons of fuel ethanol, with a market share of approximately 32%, indicating a solid industry position [1] - The company has established long-term stable partnerships with oil and petrochemical enterprises, resulting in mature sales channels [1] Group 2: Cost Advantages in Fuel Ethanol - The company utilizes diversified raw materials, including corn and cassava, and integrates low-cost cassava resources from Southeast Asia to optimize procurement costs [2] - A nationwide layout of production bases in Northeast China, Anhui, and Guangxi significantly reduces logistics costs and regional operational losses [2] - Continuous investment in technological upgrades and personnel optimization enhances operational efficiency and reduces costs [2] Group 3: Industry Trends and Competition - The fuel ethanol industry is undergoing structural adjustments, with a trend towards the elimination of inefficient production capacity due to market changes and price fluctuations [2] - Future competition will focus on cost control, refined management, and comprehensive service capabilities, favoring companies with cost advantages and compliance [2] - The industry concentration is expected to increase as less competitive companies exit, benefiting leading enterprises [2] Group 4: Future Planning and Strategic Focus - The food raw materials business will focus on strengthening core operations, enhancing value, expanding regions, and optimizing layouts [3] - The company plans to invest in starch sugar business expansion, upgrade food raw material production lines, and develop bio-based industry projects [3] - The company has established a risk management mechanism to mitigate the impact of commodity price fluctuations on profitability [3] Group 5: Financial Management and Asset Planning - The company will prioritize investments in core business development, shareholder returns, and financial structure optimization [3] - Cash reserves will be used to support main business growth, maintain stable cash dividends, and optimize debt structure [3] - Asset impairment is primarily due to inventory depreciation, influenced by the cyclical nature of raw material procurement [3]

证券代码： 000930 证券简称：中粮科技 中粮生物科技股份有限公司投资者关系活动记录表 5.问：公司淀粉糖业务毛利率自 2023 年以来持续提升，主要原因是什么？ 答：毛利率提升主要源于公司从销售单一淀粉糖产品转向提供"解决方案 式"营销服务。公司针对头部客户等特定需求，进行风味调配和复配，提 供定制化的甜味剂解决方案。高附加值服务为淀粉糖业务毛利提升带来了 积极贡献。 6.问：公司阿洛酮糖的技术路线有何特点？产能规划如何？ 投资者关系活 动类别 ☑ 特定对象调研 □ 分析师会议 □ 媒体采访 □ 业绩说明会 □ 新闻发布会 □ 路演活动 □ 现场参观 □ 其他 参与单位名称 及人员姓名 1. 南方基金 王超凡 时间 2026 年 2 月 2 日（周一）上午 9:30~11:00 地点 北京市朝阳区兆泰国际大厦 A 座 2202 会议室 上市公司接待 人员姓名 1. 苏金波 中粮科技董事会秘书、总法律顾问、首席合规官兼法律合规部 总经理 2. 罗 虎 安徽中粮生物技术有限公司 总经理 3. 李 凡 中粮科技研发创新中心 总监 4. 鲁 奎 中粮科技董事会办公室 副总经理 5. 路 亮 中粮生化（成都）有限 ...

Group 1: Business Overview - The company operates in three main business segments: - Fuel ethanol business accounts for approximately 44% of revenue, with a production capacity of 1.3 million tons and a market share of 32%-40% in a domestic market of about 3 million tons [1][2] - Food raw materials business contributes around 20%-30% of revenue, focusing on customized sweetener solutions for leading food and beverage companies [2] - Bio-based new materials business is a strategic emerging segment expected to start production in Q1 2026, leveraging existing corn deep processing capacity [2][3] Group 2: Competitive Landscape - Fuel ethanol is categorized as a biomass energy source, with no direct competition from coal-based ethanol due to regulatory restrictions [3] - Long-term demand for fuel ethanol remains stable, driven by the coexistence of fuel and new energy vehicles and stringent gasoline quality standards [3][4] - The company aims to maintain its market position by building a comprehensive cost advantage through technology upgrades, diversified raw material sourcing, and optimized internal management [4] Group 3: Regional Strategies - In Northeast China, the company focuses on cost reduction and efficiency improvements by optimizing personnel and implementing major technological upgrades [5] - The company is actively responding to competition from private enterprises in the starch and MSG sectors by shifting focus to high-value products and differentiating its offerings [6] Group 4: Innovation and Product Development - The company has a three-step strategy for the development of allulose, a key health sweetener, with plans for market launch in Q1 2026 [7] - Allulose is expected to have a higher gross margin than traditional glucose syrup, with optimistic short-term performance depending on market demand [7] - High-value products like flavored syrups are in the market incubation phase, with significant growth potential as consumer scenarios expand [8] Group 5: Project Management and Future Outlook - The company has relocated its lactide project to Anhui, which has caused delays due to necessary design optimizations and equipment adjustments [9] - The long-term outlook for the lactide business is positive, with plans to ensure stable operation of the initial 30,000 tons capacity and potential expansion into downstream polylactic acid markets [9] - The company employs risk management strategies, including hedging, to manage corn price fluctuations and secure profit margins [9]

证券代码： 000930 证券简称：中粮科技 中粮生物科技股份有限公司投资者关系活动记录表 编号：2026-002 投资者关系活 动类别 ☑ 特定对象调研 □ 分析师会议 □ 媒体采访 □ 业绩说明会 □ 新闻发布会 □ 路演活动 □ 现场参观 □ 其他 参与单位名称 及人员姓名 1. 南方基金 王超凡 时间 2026 年 2 月 2 日（周一）上午 9:30~11:00 地点 北京市朝阳区兆泰国际大厦 A 座 2202 会议室 上市公司接待 人员姓名 1. 苏金波 中粮科技董事会秘书、总法律顾问、首席合规官兼法律合规部 总经理 2. 罗 虎 安徽中粮生物技术有限公司 总经理 3. 李 凡 中粮科技研发创新中心 总监 4. 鲁 奎 中粮科技董事会办公室 副总经理 5. 路 亮 中粮生化（成都）有限公司 营销总监 6. 张其同 中粮科技 证券事务代表 投资者关系活 动主要内容介 绍 投资者提出的问题及公司回复情况 公司就投资者在本次活动中提出的问题进行了回复： 1.问：燃料乙醇行业过去几年毛利率相对较低，目前行业竞争格局如何？ 定价机制是怎样的？ 答：目前燃料乙醇行业已基本形成市场化竞价格局。公司根据中石油、中 ...