Financial Performance - The company's operating revenue for Q3 2025 was ¥997,992,556.11, a decrease of 12.80% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥83,843,404.20, an increase of 60.54% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥81,826,055.57, up 41.52% from the previous year[5] - The basic earnings per share for Q3 2025 was ¥0.17, reflecting a 70.00% increase compared to the same period last year[5] - Total operating revenue for the current period is ¥3,220,853,735.91, a decrease of 2.77% from ¥3,312,088,895.04 in the previous period[19] - Net profit for the current period is ¥252,953,081.30, an increase of 15.1% compared to ¥219,728,140.70 in the previous period[19] - The total comprehensive income attributable to the parent company was approximately ¥252.63 million, an increase from ¥219.75 million in the previous period, reflecting a growth of about 15%[20] - Basic and diluted earnings per share increased to ¥0.50 from ¥0.44, representing a growth of approximately 13.64%[20] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥4,297,477,191.96, representing a 1.15% increase from the end of the previous year[5] - Total current assets increased to ¥3,022,262,643.50 from ¥2,977,116,618.92, showing a growth of 1.52%[18] - Total non-current assets slightly increased to ¥1,275,214,548.46 from ¥1,271,442,646.77, a growth of 0.22%[18] - Total liabilities decreased to ¥574,837,700.43 from ¥628,032,201.97, a reduction of 8.47%[18] - Total equity attributable to shareholders increased to ¥3,722,639,491.53 from ¥3,620,527,063.72, reflecting a growth of 2.82%[18] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥1,255,431,741.43, a decrease of 28.45% compared to the previous year[5] - The net cash flow from financing activities decreased by 45.00%, mainly due to reduced cash inflow from new borrowings[10] - Cash inflows from financing activities totaled approximately ¥318.65 million, compared to ¥718.44 million in the previous period, indicating a decrease of about 55.7%[21] - Cash outflows for debt repayment amounted to approximately ¥1.06 billion, down from ¥2.18 billion, showing a reduction of about 51.5%[21] - The impact of exchange rate fluctuations on cash and cash equivalents was approximately ¥550.22 million, compared to ¥37.02 million in the previous period, indicating a significant increase[21] Investments and Projects - The company reported a significant increase in prepayments for raw material purchases, with a rise of 304.2% in advance payments[9] - The company recorded a 494.6% increase in construction in progress, attributed to increased investment in the Baomai Phase II project[9] - The company plans to invest CNY 259 million in a new 50,000 tons/year specialty malt production line to enhance high-end malt production capacity[13] - The company has completed the construction of the new malt production line's civil works and is currently installing equipment[13] - The company has increased its investment in the subsidiary Baomai by CNY 103 million to support the new production line project[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,354[12] - The largest shareholder, Dongyuehai Holdings Group Co., Ltd., holds 51.52% of shares, totaling 258,478,227 shares[12] - The top ten shareholders do not participate in margin financing activities[12] Financial Expenses - The company experienced a 76.34% reduction in financial expenses, primarily due to decreased financing and interest expenses[10] - Financial expenses decreased to ¥5,094,428.90 from ¥21,533,308.89, a reduction of 76.3%[19]

Core Insights - The agricultural processing sector experienced a decline of 0.49% on October 20, with Baolingbao leading the drop [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Sector Performance - The following companies in the agricultural processing sector showed notable performance: - *ST Jiawo (300268): Closed at 10.47, up 3.97% with a trading volume of 16,000 shares and a turnover of 16.58 million yuan [1] - ST Langyuan (300175): Closed at 6.15, up 3.71% with a trading volume of 77,000 shares and a turnover of 47.05 million yuan [1] - Guotou Zhonglu (600962): Closed at 20.73, up 1.67% with a trading volume of 27,100 shares and a turnover of 56.22 million yuan [1] - *ST Zhongxi (000972): Closed at 3.84, up 1.32% with a trading volume of 110,400 shares and a turnover of 41.99 million yuan [1] - Tianye Co., Ltd. (920023): Closed at 4.27, up 1.18% with a trading volume of 43,300 shares and a turnover of 18.48 million yuan [1] Capital Flow - The agricultural processing sector saw a net outflow of 233 million yuan from main funds, while retail investors contributed a net inflow of 166.7 million yuan [3] - Speculative funds recorded a net inflow of 66.6 million yuan into the sector [3]

Market Overview - The agricultural processing sector experienced a decline of 1.31% on October 16, with Yizhi Mohu leading the drop [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Stock Performance - Notable gainers included: - *ST Zhongji (000972): Closed at 3.91, up 3.71% with a trading volume of 226,300 shares and a turnover of 88.57 million yuan [1] - Chenguang Biological (300138): Closed at 14.48, up 1.97% with a trading volume of 200,300 shares and a turnover of 29.06 million yuan [1] - Major decliners included: - Yizhi Mohu (920273): Closed at 36.48, down 3.92% with a trading volume of 28,100 shares and a turnover of 104 million yuan [2] - Zhongliang Sugar Industry (600737): Closed at 15.35, down 3.64% with a trading volume of 326,100 shares and a turnover of 506 million yuan [2] Capital Flow - The agricultural processing sector saw a net outflow of 159 million yuan from institutional investors, while retail investors contributed a net inflow of 119 million yuan [2][3] - Key stocks with significant capital flow include: - Baolingbao (002286): Net inflow from institutional investors was 14.72 million yuan, while retail investors had a net outflow of 7.73 million yuan [3] - Shuangta Food (002481): Institutional net inflow was 6.53 million yuan, with retail investors showing a net inflow of 1.95 million yuan [3]

Core Viewpoint - Yongshuntai's stock price has experienced fluctuations, with a recent decline of 2.00% and a year-to-date increase of 10.96%, indicating mixed market sentiment towards the company [1]. Company Overview - Yongshuntai Group Co., Ltd. is located in Guangzhou Economic and Technological Development Zone, established on December 20, 2017, and listed on November 16, 2022. The company primarily engages in the research, production, and sales of malt [1]. - The main revenue sources for Yongshuntai include malt product sales (96.03%), sales of by-products and raw materials (2.35%), export shipping and management consulting services (1.59%), and other sales (0.04%) [1]. Financial Performance - For the first half of 2025, Yongshuntai achieved operating revenue of 2.223 billion yuan, representing a year-on-year growth of 2.55%. The net profit attributable to the parent company was 169 million yuan, with a growth of 0.96% [2]. - Since its A-share listing, Yongshuntai has distributed a total of 233 million yuan in dividends [3]. Shareholder Information - As of June 30, 2025, Yongshuntai had 44,000 shareholders, an increase of 19.19% from the previous period. The average number of circulating shares per person decreased by 16.10% to 5,362 shares [2]. - The top ten circulating shareholders include the Beer ETF (512690) as the fourth largest, holding 4.8838 million shares, an increase of 764,400 shares compared to the previous period. Hong Kong Central Clearing Limited is the eighth largest shareholder, holding 1.4202 million shares, a decrease of 319,170 shares [3]. Market Activity - On October 16, Yongshuntai's stock price was reported at 11.74 yuan per share, with a trading volume of 122 million yuan and a turnover rate of 4.36%. The total market capitalization stood at 5.890 billion yuan [1]. - The stock has seen a net outflow of main funds amounting to 15.6723 million yuan, with significant selling pressure observed [1].

Core Viewpoint - The company announces the resignation of two board members, Wu Xinglong and Zhu Guang, due to work arrangements, and expresses gratitude for their contributions during their tenure [1][2]. Group 1: Resignation of Board Members - Wu Xinglong has resigned from his position as a director and a member of the audit committee, effective after the appointment of a new committee member, ensuring compliance with legal requirements [1]. - Zhu Guang has also resigned from her position as a director, with her resignation taking effect immediately, and it will not affect the normal operations of the board [2]. Group 2: Company Compliance and Future Actions - The resignations do not lead to a violation of the minimum number of board members as per relevant laws and regulations [1][2]. - The company will expedite the process of appointing new board members to maintain the functionality of the audit committee and the board [1][2].

Core Insights - The agricultural processing sector saw a 0.8% increase on October 15, with Zunming Co. leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Agricultural Processing Sector Performance - Zunming Co. (003030) closed at 19.54, up 5.51% with a trading volume of 38,800 lots and a transaction value of 74.5 million yuan [1] - Guangnong Sugar Industry (000911) closed at 7.68, up 4.77% with a trading volume of 236,200 lots and a transaction value of 183 million yuan [1] - Yongshuntai (001338) closed at 11.98, up 4.63% with a trading volume of 269,200 lots and a transaction value of 324 million yuan [1] - Other notable performers include Guotou Zhonglu (600962) at 21.99 (+3.82%), Baolingbao (002286) at 9.97 (+3.10%), and Suobao Protein (603231) at 19.05 (+1.65%) [1] Capital Flow Analysis - The agricultural processing sector experienced a net inflow of 23.09 million yuan from main funds, while retail funds saw a net outflow of 23.04 million yuan [2] - Main funds showed significant inflows in Yongshuntai (6.01 million yuan) and Guangnong Sugar Industry (2.88 million yuan) [3] - Retail investors had notable outflows in Yongshuntai (-40.62 million yuan) and Guangnong Sugar Industry (-24.46 million yuan) [3]

Group 1 - The core point of the article highlights the recent performance of Yongshuntai, which saw a 5.5% increase in stock price, reaching 12.08 CNY per share, with a trading volume of 1.10 billion CNY and a turnover rate of 3.97%, resulting in a total market capitalization of 60.61 billion CNY [1] - Yongshuntai, established on December 20, 2017, and listed on November 16, 2022, primarily engages in the research, production, and sales of malt, with its main revenue sources being 96.03% from malt product sales, 2.35% from by-products and raw materials, 1.59% from export shipping and management consulting services, and 0.04% from other sales [1] Group 2 - Among the top ten circulating shareholders of Yongshuntai, a fund under Penghua Fund has increased its holdings in the Wine ETF (512690) by 764,400 shares in the second quarter, now holding 4.8838 million shares, which accounts for 2.07% of the circulating shares, resulting in an estimated floating profit of approximately 3.0768 million CNY [2] - The Wine ETF (512690), established on April 4, 2019, currently has a total scale of 12.64 billion CNY, with a year-to-date loss of 3.85%, ranking 4203 out of 4220 in its category, and a one-year loss of 7.14%, ranking 3834 out of 3857, while it has achieved a total return of 61.04% since inception [2]

证券日报网讯10月14日晚间，永顺泰（001338）发布公告称，因工作安排，朱光女士申请辞去公司第二 届董事会董事职务。辞职后，朱光女士不在公司及控股子公司担任其他职务。 ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 粤海永顺泰集团股份有限公司（以下简称"公司"）董事会于近日收到公司董事伍 兴龙先生、朱光女士的书面辞职申请，现将相关情况公告如下： 一、关于公司董事伍兴龙先生辞职的情况 因工作安排，伍兴龙先生申请辞去公司第二届董事会董事、董事会审计委员会 委员职务。辞职后，伍兴龙先生不在公司及控股子公司担任其他职务。截至本公告 披露日，伍兴龙先生未持有公司的股份。 根据《中华人民共和国公司法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》《粤海永顺泰集团股份有限公司章程》相关规定， 伍兴龙先生辞职未导致公司董事会成员低于法定最低人数，但将导致公司董事会审 计委员会成员人数少于三人。为确保董事会审计委员会的正常运作，伍兴龙先生的 辞职报告将在公司补选产生董事会审计委员会新任委员后生效。在此期间，伍兴龙 先生将按照法律法规和《粤海永顺泰集团股份有限公司章程》的有关规定，继续履 行董事和董事会审计委员会委员职责。公司将按照法定程序尽快补选董事和董事会 审计委员会委员。 公司及公司董事会对伍兴龙先生在任职期间的 ...

Group 1 - The company Yongshuntai announced the resignation of two board members, Wu Xinglong and Zhu Guang, due to work arrangements, with Zhu Guang not holding any other positions in the company or its subsidiaries after resignation [1] - As of the latest report, Yongshuntai's market capitalization stands at 5.7 billion yuan [3] Group 2 - For the first half of 2025, Yongshuntai's revenue composition shows that beer manufacturing accounts for 96.03% of total revenue, while other businesses contribute 3.97% [2]