Group 1: Company News - Industrial Fulian reported a revenue of 360.76 billion yuan for the first half of the year, a year-on-year increase of 35.58%, and a net profit of 12.11 billion yuan, up 38.61% [3] - Jinghua New Materials announced a revenue of 0.947 billion yuan for the first half of the year, a year-on-year increase of 10.53%, but a net profit of 3.77 million yuan, down 7.30% [4] - Yanjing Beer reported a revenue of 8.558 billion yuan for the first half of the year, a year-on-year increase of 6.37%, and a net profit of 1.103 billion yuan, up 45.45% [4] - Bawei Storage reported a revenue of 3.912 billion yuan for the first half of the year, a year-on-year increase of 13.70%, but a net loss of 226 million yuan [4] - Kaipu Testing announced a revenue of 0.111 billion yuan for the first half of the year, a year-on-year increase of 3.23%, and a net profit of 40.79 million yuan, up 3.73% [4] - Fangsheng Pharmaceutical's subsidiary received approval for a clinical trial of its innovative traditional Chinese medicine, indicating progress in its R&D efforts [4] - Jiachuan Video announced a change in control, which may impact its future operations and governance [5] - Chunguang Technology plans to invest up to 1 billion yuan in a new project for clean electrical appliances, indicating expansion in its operational capacity [5] - Shiyun Circuit plans to invest 125 million yuan in Shenzhen New Sound Semiconductor, acquiring a 3.8238% stake, which reflects its strategy to enhance its technological capabilities [5] - Wantong Development plans to invest 854 million yuan to acquire a 62.98% stake in Shudu Technology, aligning with its strategy to transition into digital technology [6] Group 2: Industry Insights - The A-share market will see 34 stocks facing unlocks this week, with a total unlock volume of 3.057 billion shares, representing a week-on-week increase of 149.66% [2] - The medical device industry is experiencing significant growth in international business, with many companies seeing high growth rates in overseas markets [7] - The medical device sector is expected to witness a performance turning point in the second half of the year, driven by policy optimizations and improving market conditions [7] - The market lacks a clear main narrative, but sectors like pharmaceuticals and overseas computing are identified as potential high-growth areas [7]

Group 1 - Next week, 34 stocks will face a lock-up expiration, with a total market value exceeding 230 billion yuan based on the latest closing prices [3] - Among these, Haiguang Information will have 1.438 billion shares released, with a lock-up market value of 195.711 billion yuan [4] - Zhiwei Intelligent will have 176 million shares released, with a lock-up market value of 9.448 billion yuan [5] Group 2 - Compared to others, stocks like Chaoda Equipment, Green Harmonics, Zhongyan Chemical, and Jinli Technology have relatively low lock-up pressure, with market values below 100 million yuan [6] - Zhiwei Intelligent, Mankun Technology, and Haiguang Information have lock-up ratios exceeding 60%, indicating significant release pressure [6] Group 3 - Among the 34 stocks facing lock-up expiration, the average stock price has increased by 3.45% since August [7] - Wewang New Materials has seen the highest increase in August, with a cumulative rise of 17.75%, and will have 115 million shares facing lock-up expiration, valued at 2.406 billion yuan [7] - The company has acknowledged potential stock price declines due to the large lock-up expiration and is focusing on expanding its product value chain and improving management to create shareholder value [7] Group 4 - Haiguang Information reported a significant increase in contract liabilities, reaching 3.091 billion yuan, indicating strong market demand for its products [8] - Among the stocks facing lock-up expiration, eight have released half-year performance forecasts, with Jinli Technology and Baoxin Technology expecting losses [8] - Jinli Technology anticipates a net loss of approximately 12 million to 9 million yuan due to intensified industry competition and declining product prices [9] - Baoxin Technology predicts a net loss of approximately 49 million to 32 million yuan, attributed to changes in the scope of consolidation and a decrease in customer orders [9]

Group 1 - The core viewpoint of the article is that Yongshuntai (SZ 001338) has engaged in a research meeting with Huayuan Securities, where company executives addressed investor inquiries [2] - Yongshuntai's revenue composition for the year 2024 is reported, with beer manufacturing accounting for 94.97% and other businesses making up 5.03% [2]

Group 1: Business Overview - The company specializes in specialty malt production, which has a more complex processing procedure than regular malt, resulting in higher prices [2] - The company has a total malt production capacity of 1.08 million tons per year, with a utilization rate of 98.90% as of 2024 [2] Group 2: Sales and Market Strategy - Domestic sales account for the majority, with exports typically representing 25-30% of total sales, depending on domestic market conditions [2] - The company aims to balance domestic and overseas sales, actively exploring opportunities in Southeast Asia, Central and South America, Japan, Korea, and Africa [2] Group 3: Production and Capacity Expansion - A new production line for specialty malt with a capacity of 50,000 tons per year is under construction, with a total investment of 259 million yuan, expected to be completed by the end of 2025 [2] - Recent projects have increased production capacity by 27%, with two major projects already achieving full production [3] Group 4: Pricing and Procurement - Pricing for large clients is determined through annual tenders, while small clients have more flexible pricing based on market conditions [3] - The company employs a coordinated procurement strategy to mitigate risks associated with raw material price fluctuations [3] Group 5: Industry Outlook and Development Plans - The domestic beer production has remained stable, with a slight decline of 0.3% in the first half of 2025, but there is a growing demand for high-end products [3] - The company plans to enhance its innovation capabilities and seek acquisition opportunities to achieve sustainable growth and improve product quality [3]

北京商报讯（记者 郭秀娟 实习记者 王悦彤） 8月6日，永顺泰在投资者互动平台回答投资者提问称，关 于公司下属宝麦公司新建5万吨/年特制麦芽生产线项目的进展情况，请关注公司披露的定期报告。根据 项目计划，该项目预计在2025年年底建成。新生产线建设完工后，还需要经过系统联调、工程验收、麦 芽供应商资质认证等环节，才能正式生产对外销售。公司的产品交付根据实际情况选择汽车、火车、轮 船等多种运输方式，通常由公司聘请的第三方物流机构负责运输相关事宜。公司为产品购买的全额保险 覆盖至产品交付阶段。公司深耕麦芽产业，持续做强做优麦芽主业，暂无拓展啤酒业务的计划。 ...

Mergers and Acquisitions - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million in cash, in collaboration with foreign investor Inari Amertron Berhad [1] - Wehua New Materials intends to acquire controlling stake in Jiangsu Heyutai Chemical Co., with the specific acquisition ratio to be negotiated [2] - Cixing Co. has decided to terminate the planned acquisition of 75% equity in Shunyi Technology due to disagreements on commercial terms with some counterparties [3] Performance Disclosure - Zangge Mining reported a 38.80% year-on-year increase in net profit attributable to shareholders, reaching 1.8 billion yuan, despite a 4.74% decline in revenue to 1.678 billion yuan for the first half of 2025 [4] - Beijing Culture experienced a net loss of 233 million yuan in the first half of 2025, despite a significant revenue increase of 1944.24% to 158 million yuan [5] - Rongbai Technology reported a net loss of 68.39 million yuan for the first half of 2025, with revenue declining by 9.28% to 6.248 billion yuan [6] Shareholding Changes - Yuxin Technology's controlling shareholder, Yuqin Hongtai, plans to reduce its stake by up to 1.50%, amounting to a maximum of 10.56 million shares [7] - Henghua Technology's shareholder, Chen Xianlong, intends to reduce his stake by up to 1.50%, equating to a maximum of 9 million shares [8] - Kangpeng Technology's shareholders, including Wuxi Yunhui and its concerted parties, plan to collectively reduce their stake by up to 5.89% of the total share capital [9]

Group 1 - The core viewpoint of the article highlights that domestic beer companies have limited self-built malt production capacity, leading to inefficiencies in malt supply and production [1] - Beer companies face challenges in meeting malt demand due to the relatively small malt requirements of individual breweries, which complicates the economic viability of self-built malt factories [1] - The article notes that malt production has become a specialized independent industry, as malt manufacturers have improved their control over technology, processes, and quality, thus meeting the diverse needs of beer companies [1]

Group 1 - The core viewpoint of the article highlights the stable consumption of beer in recent years, with a noticeable trend towards high-end, craft, and boutique beer products emerging in the industry [1] - The high-end trend in the beer industry is driving improvements in beer quality, which in turn raises the standards for malt used in production [1] - The company, Yongshuntai, has positioned itself in the mid-to-high-end market from the beginning, equipping itself with appropriate production equipment and personnel to meet the evolving demands of the industry [1] Group 2 - The company's customized malt products and specialty malt products effectively cater to the diverse needs of downstream beer manufacturers [1] - Yongshuntai's first-mover advantage in the high-end sector aligns well with the ongoing high-end development trend in the downstream beer industry [1]

证券日报网讯永顺泰（001338）8月1日发布公告，在公司回答调研者提问时表示，公司作为国内产销规 模最大的麦芽企业，发展战略是深耕麦芽主业，巩固公司在行业内的领先地位，致力于打造世界一流的 麦芽供应商，推动企业可持续发展。在主业拓展方面，公司积极提升自主创新能力，持续做强做优麦芽 主业，近年来陆续建成2个募投项目——"广麦4期扩建项目"和"年产13万吨中高档啤酒麦芽项目"，产能 增加27%，目前均已实现满产；2024年公司下属宝麦公司实施新建5万吨/年特制麦芽生产线，目前正按 计划施工；后续将继续结合客户需求，不断优化、完善产能布局，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。在外延拓展方面，公司将积极挖掘行业内外的新项目机会，充分发挥商业模 式优势，寻求新的利润增长点，加快公司发展。 ...

1 | | 出来，形成了专业化生产的独立行业。 | | --- | --- | | | 注： | | | 1.交流过程中公司严格遵照《上市公司信息披露管理办法》等规定， 未出现未公开重大信息泄露等情况； | | | 2.本次活动如涉及对行业的预测、公司发展战略规划等相关内容， 不能视作公司或管理层对行业、公司发展或业绩的承诺和保证，敬请广 | | | 大投资者注意投资风险。 | | 资料清单 | 无 | | 日期 | 2025 年 7 月 31 日 | 2 粤海永顺泰集团股份有限公司 投资者关系活动记录表 投资者关系 活动类别 特定对象调研 □媒体采访 □新闻发布会 □现场参观 □分析师会议 □业绩说明会 □路演活动 □其他： 参与单位名称 及人员姓名 东方财富尹元彪、钟志坤、武雨晴 时间 2025 年 7 月 31 日上午 地点 广州经济技术开发区金华西街 1 号公司 6 楼会议室 上市公司接待 人员姓名 副总经理张楠、董事会秘书温敏、证券事务代表仝国明 投资者关系 活动记录 1.目前啤酒企业纷纷推出高端啤酒，高端化发展趋势显著，永顺泰 作为啤酒麦芽制造企业，是否会向高端化发展？ 答：从公开数据来看，啤酒行 ...