Group 1 - The company, Yongshuntai, is one of the early entrants in the specialty malt production sector in China, indicating a significant market presence and experience [1] - The company has accumulated a long history of technology and market expertise, which enhances its competitive advantage [1] - Yongshuntai is capable of providing reliable quality products and attentive after-sales service, catering to the diverse needs of various customers [1]

Core Viewpoint - Yongshuntai (001338.SZ) is committed to deepening its malt business and aims for a combination of reasonable quantitative growth and effective qualitative improvement in its operations [1] Group 1: Production Capacity - The company currently has a malt production capacity of 1.08 million tons per year [1] - In recent years, the company has achieved full production and sales [1] Group 2: Strategic Focus - The company will continue to strengthen and optimize its malt business [1] - Yongshuntai is focused on a high-end development path for its malt products [1]

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]

证券日报网讯永顺泰11月20日在互动平台回答投资者提问时表示，截至目前，公司未收到股东发来的减 持计划。若未来收到相关主体的减持计划，公司将严格按照规定履行信息披露义务。 （文章来源：证券日报） ...

证券日报网讯永顺泰11月19日在互动平台回答投资者提问时表示，公司将持续关注市场动态，并及时采 取相应措施。 （文章来源：证券日报） ...

截至发稿，永顺泰市值为61亿元。 每经头条（nbdtoutiao）——爱泼斯坦案文件解密倒计时，美国会"秒过"法案直通特朗普，引爆两党"极 限撕扯" 每经AI快讯，永顺泰（SZ 001338，收盘价：12.06元）发布公告称，2025年11月19日上午，永顺泰接受 中信证券调研，公司证券事务代表仝国明参与接待，并回答了投资者提出的问题。 2025年1至6月份，永顺泰的营业收入构成为：啤酒制造占比96.03%，其他业务占比3.97%。 （记者 曾健辉） ...

Group 1: Company Overview and Development - The company has focused on the research, production, and sales of beer malt since its establishment in 1987, currently operating 5 factories with an annual malt production capacity of 1.08 million tons, ranking first in Asia and fourth globally [2] - The company has over 20 years of collaboration with major beer manufacturers such as Budweiser, Carlsberg, and Tsingtao Brewery, and exports products to Southeast Asia, South America, Japan, Korea, and Africa [2] Group 2: Competitive Advantages and Market Strategy - The company maintains a competitive edge by specializing in the mid-to-high-end malt sector, continuously improving product lines and technical capabilities over 30 years [2] - The company adjusts its production capacity based on market changes and employs strategies like unified marketing and procurement to maximize overall benefits [2] Group 3: Pricing and Sales Model - Barley prices are influenced by supply-demand dynamics, climate, agricultural policies, and geopolitical factors, leading to uncertainties; the company locks in raw material prices to mitigate risks [2] - The sales pricing for large clients is determined through annual tenders, while small clients are subject to market pricing based on supply-demand conditions [2][3] - The primary sales model is direct sales, with only one distributor operating in Taiwan and the Philippines [3] Group 4: Export and Product Diversification - Domestic sales dominate, with exports accounting for approximately 25% to 33% of total sales, fluctuating based on domestic market conditions [3] - The company offers specialized malt products to meet the high-end demands of the beer industry, aligning with the trend of increasing beer quality [3] Group 5: Dividend Policy - Since its listing in November 2022, the company has emphasized sharing profits with shareholders, distributing cash dividends of 30.10 million yuan (19.29% of net profit) for 2022, 52.68 million yuan (30.35% of net profit) for 2023, and plans for 151 million yuan (50.27% of net profit) for 2024, indicating a gradual increase in dividend payout ratios [3]

粤海永顺泰集团股份有限公司 董事会提名委员会关于第二届董事会第二十二次会议相关事项的审核意见 2025 年 11 月 7 日 ______________ ______________ ______________ 经核查，我们认为：本次公司第二届董事会非独立董事候选人的提名程序符合有关 法律、法规和《公司章程》的规定；我们对本次提名的非独立董事候选人曾勇先生、冯 庆春先生的简历及相关资料、专业能力等情况进行了审阅，被提名人的任职资格符合担 任上市公司董事的条件，能够胜任所聘岗位的职责要求，未发现有《公司法》《上市公 司治理准则》《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》 和《公司章程》等规定不得担任公司董事的情形，不存在被中国证券监督管理委员会确 定为市场禁入者并且禁入尚未解除的情况，也未曾受到过中国证券监督管理委员会和深 圳证券交易所的任何处罚和惩戒，不存在被证券交易所公开认定为不适合担任上市公司 董事，期限尚未届满的情形，不属于人民法院公布的失信被执行人。因此，我们同意本 次非独立董事候选人曾勇先生、冯庆春先生的提名，并同意将该议案提交公司第二届董 事会第二十二次会议审议。 ...