Core Viewpoint - The company is focused on optimizing production capacity and expanding both domestic and international markets for high-end malt products [2] Production Capacity Optimization - The company plans to increase high-end malt production capacity, having completed two initial fundraising projects and is implementing a new 50,000 tons/year specialty malt production line to meet market demand [2] - Future capacity structure optimization and layout improvements will be arranged according to strategic development needs [2] Market Development - The company aims to consolidate its domestic market while actively exploring overseas markets, achieving a year-on-year increase in malt sales [2] - There will be a focus on expanding overseas sales opportunities to achieve a balance between domestic and international business [2] Production Operations - The company employs a coordinated production and sales model, aligning production schedules with customer demand to ensure smooth operations [2] - This model allows the company to effectively cover major regions across the country, enhancing operational efficiency and reducing logistics costs [2] Product and Service Enhancement - The company is increasing collaboration with customers and research institutions to boost the sales proportion of customized products, better meeting customer needs [2]

（文章来源：证券日报） 证券日报网讯 12月8日，永顺泰在互动平台回答投资者提问时表示，永顺泰作为亚洲领先的麦芽供应 商，在啤酒及延伸消费产业链中扮演原料提供者的角色。同时，公司积极适应高端化趋势，通过特种麦 芽和定制化产品满足精酿啤酒等新兴市场需求，参与产业链向高端化、精酿化、特色化转型。 ...

证券日报网讯 12月8日，永顺泰在互动平台回答投资者提问时表示，永顺泰多年来深耕与国际国内大型 啤酒集团客户的合作关系，同时拓展中小精酿客户，灵活应对市场变化。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 12月8日，永顺泰在互动平台回答投资者提问时表示，5万吨特制麦芽项目投产后，将显 著提升永顺泰在高端麦芽市场的竞争力。该项目主要生产小麦芽、威士忌麦芽及定制麦芽等高端品类， 满足大型啤酒集团、中小啤酒客户及精酿啤酒市场的多样化需求。通过优化产品结构，增强差异化竞争 能力，将有效支撑公司在大消费领域的发展。 ...

证券日报网讯 12月5日，永顺泰在互动平台回答投资者提问时表示，公司对高级管理人员实施年度评价 与任期评价相结合、组织业绩与个人业绩相衔接、考核结果与薪酬激励相挂钩的考核机制，以"干得好 就激励、干不好就调整"为原则，将考核评价结果全面应用于经理层绩效薪酬分配、选拔任用、人员调 整、先进评选等环节，鼓励先进、鞭策后进，奖优罚劣、奖罚分明。后续公司将进一步建立健全长效激 励机制，充分调动公司各管理层和核心骨干的积极性，增强公司凝聚力，促进公司高质量发展、可持续 发展。 （文章来源：证券日报） ...

（编辑 楚丽君） 证券日报网讯 12月5日，永顺泰在互动平台回答投资者提问时表示，公司是国内较早介入特种麦芽领域 的生产企业之一，具有较长时间的技术和市场积累，能够为客户提供质量可靠的产品和细致周到的售后 服务，满足不同种类客户的需求。 ...

格隆汇12月5日丨永顺泰(001338.SZ)在互动平台表示，公司现有麦芽产能108万吨/年，近年来均达到满 产满销的状态。后续公司将继续深耕麦芽主业，持续做强做优麦芽主业，坚持走高端化发展之路，力争 实现量的合理增长和质的有效提升的有机结合、相辅相成。 ...

Group 1 - The core viewpoint of the news is that Yongda Co., Ltd. has shown significant financial performance and trading activity, with a notable increase in revenue and net profit year-on-year [2] - As of December 2, Yongda's stock price decreased by 0.31%, with a trading volume of 23.03 million yuan and a net financing purchase of 740,100 yuan [1] - The financing balance of Yongda reached 97.89 million yuan, accounting for 5.32% of its market capitalization, indicating a high level of financing activity compared to the past year [1] Group 2 - For the period from January to September 2025, Yongda achieved an operating income of 1.526 billion yuan, representing a year-on-year growth of 256.85% [2] - The net profit attributable to the parent company for the same period was 71.95 million yuan, reflecting a year-on-year increase of 59.33% [2] - The company primarily operates in the wind power industry, which contributes 72.64% to its main business revenue, followed by engineering machinery at 11.77% [1]

Market Overview - The agricultural processing sector experienced a decline of 0.27% on November 24, with Huazi Industrial leading the drop [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Stock Performance - Key stocks in the agricultural processing sector showed varied performance, with Jingliang Holdings (000505) leading with a 10.00% increase, closing at 8.91 [1] - Other notable gainers included Shen Gen Holdings (000019) with a 3.35% increase and ST Langyuan (300175) with a 2.70% increase [1] - Conversely, stocks like San Si Si (600191) and Jinlongyu (300999) faced declines of 4.68% and 2.43%, respectively [2] Trading Volume and Value - Jingliang Holdings recorded a trading volume of 372,600 shares and a transaction value of 321 million yuan [1] - Jinlongyu had a trading volume of 258,800 shares with a transaction value of 784 million yuan, indicating significant market activity despite the decline [2] Capital Flow - The agricultural processing sector saw a net inflow of 849,300 yuan from institutional investors, while retail investors experienced a net outflow of 3,031,770 yuan [2][3] - Notably, Jingliang Holdings attracted a net inflow of 101 million yuan from institutional investors, indicating strong interest despite the overall sector decline [3]

Group 1: Company Overview and Strategy - The company is the largest malt producer in China and the fourth largest globally, focusing on deepening its core malt business to maintain industry leadership and become a world-class malt supplier [2] - Recent projects include the expansion of Guangmai Phase 4 and a new 130,000-ton premium beer malt project, increasing production capacity by 27%, both of which are currently operating at full capacity [2] - The company plans to continue optimizing production capacity based on customer needs and explore acquisition opportunities to enhance industry scale and influence [2] Group 2: Export Business Insights - Domestic sales account for the majority of revenue, with exports typically representing 25-30% of total sales, fluctuating based on domestic market conditions [2] - The company exports to various regions, including Southeast Asia, Central and South America, Japan, South Korea, and Africa, leveraging product quality, short transport distances, and quick response times to customer demands [2] Group 3: Pricing and Procurement Strategies - Pricing for large clients is determined through annual tenders, with contracts typically set for one year, while small to medium clients are subject to market pricing based on supply and demand [2] - The company does not engage in price locking for barley, a commodity with volatile market prices, but organizes procurement based on market trends to mitigate price fluctuations [3] Group 4: Risk Management - Key risks facing the company include industry competition, raw material price volatility, exchange rate fluctuations, changes in USD interest rates, food safety and quality control, and environmental and safety production concerns [3] - To manage exchange rate risks, the company has increased its export ratio and implemented a foreign exchange derivatives trading policy to hedge against currency fluctuations [3]