保龄宝生物股份有限公司 固定资产投资管理制度 （2025年12月） 第一章 总 则 第一条 为加强保龄宝生物股份有限公司（以下简称"公司"）固定资产 投资项目管理，规范固定资产投资行为，防范投资风险，保障公司和股东的利益， 根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国 证券法》（以下简称"《证券法》"）以及《保龄宝生物股份有限公司章程》（ 以下简称"《公司章程》"）及其他有关规定制定本制度。 第二条 本办法所称固定资产投资，是指为实现公司发展目标或满足公司生 产经营需要在一定时期内建造或购置固定资产的经济活动，包括房产、建筑物、 设备以及基建工程项目、技术改造项目和其他固定资产投资项目等，信息化建 设及土地使用权、商标、专利、非专利技术等无形资产投资纳入固定资产投资 管理。 第三条 固定资产投资项目分为重大固定资产投资项目和一般固定资产投资 项目。重大固定资产投资项目是指按本办法规定需提交董事会、股东会审议的 固定资产投资项目，其余均为一般固定资产投资项目。固定资产投资项目包括 项目实施过程中需要购置的固定资产、无形资产、投入流动资金、建设期利息、 建设施工等投资金额的总额。 第四条 ...

股票简称：保龄宝 股票代码：002286 公告编号：2025-064 保龄宝生物股份有限公司 关于补选董事长及战略委员会主任委员、聘任董事会秘书及副总经理 的公告 本公司及董事会全体成员保证本公告内容真实、准确和完整，没有任何虚假 记载、误导性陈述或者重大遗漏。 保龄宝生物股份有限公司（以下简称"保龄宝"或"公司"）于2025年12 月15日召开第六届董事会第十五次会议，审议通过了《关于补选公司第六届董事 会董事长的议案》《关于补选公司第六届董事会战略委员会主任委员的议案》《关 于聘任公司董事会秘书的议案》《关于聘任公司副总经理的议案》，现将相关情 况公告如下： 一、关于补选公司第六届董事会董事长的情况 根据《中华人民共和国公司法》《深圳证券交易所股票上市规则》等相关法 律法规及《公司章程》的有关规定，公司补选董事、总经理王强先生为第六届董 事会董事长，任期自本次董事会审议通过之日起至本届董事会届满之日止。王强 先生简历详见附件。 根据《公司章程》的规定，董事长为公司的法定代表人，因此公司法定代表 人由王强先生担任。董事会授权公司管理层指定专人办理相关变更登记手续。 公司董事会于2025年12月15日收到公司 ...

Market Overview - The agricultural processing sector experienced a decline of 0.49% on December 5, with Zunming Co. leading the drop [1] - The Shanghai Composite Index closed at 3902.81, up 0.7%, while the Shenzhen Component Index closed at 13147.68, up 1.08% [1] Stock Performance - Notable gainers in the agricultural processing sector included: - Baolingbao (002286) with a closing price of 9.22, up 3.48% and a trading volume of 145,900 shares, totaling 133 million yuan [1] - Jingliang Holdings (000505) closed at 7.73, up 2.38% with a trading volume of 369,500 shares, totaling 281 million yuan [1] - Andeli (605198) closed at 39.70, up 2.37% with a trading volume of 16,300 shares, totaling 6.425 million yuan [1] - Zunming Co. (003030) was the biggest loser, closing at 21.84, down 0.95% with a trading volume of 32,400 shares, totaling 70.796 million yuan [2] Capital Flow - The agricultural processing sector saw a net inflow of 21.56 million yuan from institutional investors, while retail investors experienced a net outflow of 3.41 million yuan [2][3] - Key stocks with significant capital flow included: - Jinlongyu (666000E) with a net inflow of 28.00 million yuan from institutional investors, but a net outflow of 34.73 million yuan from retail investors [3] - Baolingbao (002286) had a net inflow of 13.85 million yuan from institutional investors, with retail investors showing a net outflow of 7.84 million yuan [3]

证券日报网讯12月1日，保龄宝（002286）在互动平台回答投资者提问时表示，截至2025年11月28日， 公司股东总户数为34431户。 ...

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]

从资金流向上来看，当日农产品加工板块主力资金净流入4413.6万元，游资资金净流入1.01亿元，散户资 金净流出1.45亿元。农产品加工板块个股资金流向见下表： 证券之星消息，11月21日农产品加工板块较上一交易日下跌1.97%，保龄宝领跌。当日上证指数报收于 3834.89，下跌2.45%。深证成指报收于12538.07，下跌3.41%。农产品加工板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000505 | 京粮控股 | 8.10 | 5.33% | 111.88万 | 9.10亿 | | 600191 | 三分彩彩 | 68'01 | 4.21% | 53.91万 | · 5.84亿 | | 600127 | 金健米业 | 7.09 | 1.14% | 82.10万 | 5.87亿 | | 000019 | 深粮控股 | 7.46 | 0.95% | 59.15万 | 4.48亿 | | 600737 | 中粮糖业 | 17.30 | -0.69% | 41.89万 ...

Group 1: Core Insights - The financing of listed companies in the sugar substitute industry primarily aims to enhance production capacity [1] - The majority of external investments by representative companies focus on expanding upstream and downstream operations [1][6] Group 2: Financing and Investment - The main financing methods for listed companies include IPOs, private placements, and convertible bonds, with a focus on new projects and capacity enhancement [1] - Notable external investments include significant amounts such as 100 million RMB by Sanyuan Bio and 10 million RMB by Hainan Baolijian [2][3][4] Group 3: Industry Parks and Development - The number of sugar substitute industrial parks in China is limited, with major parks located in Shandong, which is recognized as a global production base [7][8] - The Dezhou High-tech Zone in Shandong has a production capacity of 1.5 million tons and a domestic market share of over 70% [8] Group 4: Mergers and Acquisitions - Recent mergers and acquisitions in the sugar substitute industry are primarily driven by midstream companies seeking to expand scale and secure upstream resources [9][12] - Key acquisitions include Huakang's purchase of Henan Yuxin Sugar Alcohol Co. for 1.098 billion RMB, aimed at increasing market share [12]

Core Viewpoint - The resignation of Dai Sijue as the chairman of Baolingbao (stock code: 002286) due to personal reasons raises questions about the company's leadership during a challenging market period for erythritol products [1][3]. Company Summary - Dai Sijue submitted his resignation as chairman, director, and head of the board's strategic committee on November 17 [1]. - As of the announcement date, Dai held no direct shares in the company but controlled 29,508,653 shares (7.75% of total shares) through Beijing Yongyu Investment Management Co., Ltd., making him one of the actual controllers of the company [3]. - Beijing Yongyu Investment Management Co., Ltd. was listed as a dishonest executor by Jiangxi Bank with an execution target amount of 253 million yuan [3]. - Dai Sijue became the youngest chairman of an A-share company in 2021, taking office during a favorable period for the erythritol industry driven by the popularity of sugar-free beverages [3][5]. Industry Summary - Baolingbao is a leading company in the erythritol sector, which experienced rapid growth due to collaborations with popular brands like Yuanqi Forest [5]. - The erythritol market has faced challenges due to increased competition leading to oversupply and price wars [5]. - In November 2023, the European Commission initiated an anti-dumping investigation into erythritol products originating from China, adding pressure to the industry [5]. - Despite these challenges, Baolingbao reported a net profit of 111 million yuan for 2024, a year-on-year increase of 105.97%, attributing this success to improved supply chain management and a focus on high-value products [5]. - For the first three quarters of 2025, Baolingbao achieved a revenue of 2.126 billion yuan, a 15.98% increase year-on-year, and a net profit of 134 million yuan, up 32.58% year-on-year [5].

Core Viewpoint - The sudden resignation of the chairman of Baolingbao, Dai Sijue, has led to a significant drop in the company's stock price, raising concerns about the company's governance and financial stability [1][4][7]. Company Overview - Baolingbao, listed in August 2009, was the first company in China's functional sugar industry to go public, initially thriving through partnerships with well-known brands [5]. - The company experienced peak revenue of 2.765 billion yuan in 2021, driven by the rising demand for sugar substitutes [5]. Recent Developments - Dai Sijue resigned due to personal reasons but remains a director in two subsidiaries. His resignation is effective immediately upon submission [4]. - Following the announcement, Baolingbao's stock price fell by 6.37% to 10 yuan per share, with a total market value of 3.806 billion yuan [1][4]. Financial Performance - Baolingbao's revenue has declined for three consecutive years from 2022 to 2024, with figures of 2.713 billion yuan, 2.524 billion yuan, and 2.402 billion yuan respectively, attributed to external pressures and increased competition [6]. - In the first three quarters of 2025, the company reported revenue of approximately 2.126 billion yuan, a year-on-year increase of 15.98%, and a net profit of approximately 134 million yuan, up 32.58% [6]. Industry Context - The sugar substitute industry has seen accelerated capacity expansion, with global demand for erythritol reaching 173,000 tons in 2022, while the production capacity of leading manufacturers exceeds demand by more than double [6]. - The competitive landscape has intensified, posing challenges for Baolingbao as it seeks to maintain its market position [6]. Governance Concerns - Concerns have arisen regarding the financial pressures faced by the controlling shareholder, Yongyu Investment, which has been listed as a defendant in multiple court cases with significant execution amounts [7][8]. - The potential for stock pledge or reduction risks due to Yongyu Investment's financial issues could impact the stability of Baolingbao's shareholding structure [7][8].

证券之星消息，11月18日农产品加工板块较上一交易日下跌0.93%，保龄宝领跌。当日上证指数报收于 3939.81，下跌0.81%。深证成指报收于13080.49，下跌0.92%。农产品加工板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300268 | *ST佳沃 | 14.84 | 12.17% | 7.86万 | | 1.13亿 | | 000972 | *ST中基 | 4.19 | 1.70% | 21.38万 | | 8995.35万 | | 000505 | 京根控股 | 7.39 | 0.14% | 24.72万 | | 1.83亿 | | 003030 | 祖名股份 | 21.93 | 0.00% | 2.21万 | | 4835.84万 | | 605198 | 安德利 | 39.48 | -0.23% | 1.58万 | | 6191.53万 | | 300999 | 金龙鱼 | 32.73 | -0.55% | 9.54万 | | 3. ...