华宝香精股份有限公司 2025 年半年度报告全文 华宝香精股份有限公司 2025 年半年度报告 公告编号：2025-035 2025 年 8 月 1 华宝香精股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人夏利群、主管会计工作负责人任玉津及会计机构负责人(会计 主管人员)任玉津声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中如有涉及未来的计划、业绩预测等方面的内容，均不构成公司 对任何投资者及相关人士的承诺，投资者及相关人士均应对此保持足够的风 险认识，并且应当理解计划、预测与承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"中"十、公司面临的风险和 应对措施"部分详细描述了公司经营中可能存在的风险及应对措施，敬请投 资者及相关人士仔细阅读并注意风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | 5 | | --- | --- | ...

Core Viewpoint - Huabao Co., Ltd. experienced a slight decline in stock price, closing at 19.19 yuan on August 5, reflecting a decrease of 0.05% from the previous trading day [1] Company Overview - Huabao Co., Ltd. is primarily engaged in the research, production, and sales of food additives and food ingredients, with applications across the food, beverage, and health product industries [1] - The company operates within the food and beverage sector and also has attributes related to flavoring and plant-based meat concepts [1] Stock Performance - On August 5, the stock opened at 19.29 yuan, reached a high of 19.44 yuan, and a low of 19.15 yuan, with a total trading volume of 20,061 hands and a transaction amount of 39 million yuan [1] - The net outflow of main funds on August 5 was 4.6697 million yuan, with a cumulative net outflow of 11.998 million yuan over the past five trading days [1] - The current total market capitalization of the company is 11.819 billion yuan, with a price-to-earnings ratio of 60.57 times and a price-to-book ratio of 1.73 times [1]

Group 1 - As of July 30, 14 companies in the Shenzhen market have announced mid-term profit distribution plans, with a total dividend amount of 10.251 billion yuan [1] - By July 15, 775 listed companies in the Shenzhen market had disclosed their mid-term performance forecasts for 2025, with 453 companies expecting a year-on-year increase in net profit, accounting for nearly 60% [3] - The awareness of regular returns to investors among Shenzhen-listed companies has been increasing, with 8 out of the 14 companies announcing mid-term dividends for the first time [3] Group 2 - Since the release of the new "National Nine Articles," the capital market has seen continuous improvement in basic systems, leading to a market environment where companies are willing to distribute dividends regularly [4] - In 2023, 165 companies in the Shenzhen market have published shareholder dividend return plans for the next three years, indicating a commitment to stable returns for investors [4] - A total of 216 companies in the Shenzhen market announced medium to long-term shareholder dividend return plans in 2024, with some companies already fulfilling their commitments this year [4]

Core Insights - The demand for food flavoring agents, particularly food flavoring, is increasing due to the rising living standards and fast-paced lifestyle of consumers, who prefer convenient processed foods with rich and diverse flavors [1][12] - The food flavoring industry in China has shown a consistent upward trend since 2018, with the market size projected to reach 23.607 billion yuan in 2024, reflecting a year-on-year increase of 4.59% [1][12] - The industry is influenced by advancements in biotechnology, nanotechnology, and AI flavoring, which enhance the quality and stability of food flavoring products [1][12] Industry Overview - Food flavoring is a mixture that imparts aroma to food, combining natural and synthetic flavors to enhance the sensory experience of various food products [3][4] - Food flavoring is widely used across multiple food categories, including beverages, baked goods, frozen foods, candies, and dairy products, providing diverse flavor profiles [3][4] - The usage of food flavoring is strictly controlled, typically ranging from 0.1% to 0.6% in food products to ensure safety and avoid overwhelming flavors [3] Industry Classification - Food flavoring can be classified based on manufacturing methods into natural flavors, equivalent natural flavors, artificial flavors, microbiological methods, and reaction-type flavors [5] - It can also be categorized by state into liquid flavors, emulsified flavors, and powdered flavors [5] Regulatory Environment - The Chinese government has implemented various policies to ensure the safety of food additives, including food flavoring, emphasizing the need for strict quality control and compliance with safety standards [6][12] - Recent regulations focus on the safe use of food additives in pre-packaged foods and the prohibition of unauthorized additives in food production [6][12] Market Dynamics - The food industry is increasingly reliant on flavoring agents to enhance product appeal and drive sales, with the food flavoring market closely tied to the overall food industry performance [10][12] - The revenue of large-scale food manufacturing enterprises in China showed a slight decline in 2022-2023 but is expected to recover with a projected increase of 0.78% in 2024 [10] Competitive Landscape - The global food flavoring market is dominated by a few major international companies, while the Chinese market is characterized by lower concentration but is gradually consolidating [14] - Key players in the Chinese food flavoring industry include Huabao Flavors & Fragrances Co., Ltd., Aipu Flavor Group Co., Ltd., and Anhui Huaye Flavor Co., Ltd., among others [14][16] Financial Performance of Key Companies - Huabao Flavors & Fragrances Co., Ltd. reported a revenue of 853 million yuan in 2024, reflecting a year-on-year decrease of 10.60% [16] - Aipu Flavor Group Co., Ltd. achieved a revenue of 622 million yuan in 2024, marking a year-on-year increase of 14.72% [18] - Anhui Huaye Flavor Co., Ltd. reported a revenue of 345 million yuan in 2024, with a significant year-on-year increase of 28.12% [16] Future Trends - The food flavoring industry is shifting towards healthier and more natural products in response to consumer demand for transparency and quality [20] - New technologies such as biotechnology and supercritical extraction are improving production processes and product safety, creating new growth opportunities [20] - Environmental sustainability and resource recycling are becoming critical drivers for industry development, alongside the increasing demand for diverse and personalized flavors [20]

本议案已经公司第三届董事会提名委员会和第三届董事会审计委员会审议 通过。 表决结果：9票赞成，0票反对，0票弃权。 华宝香精股份有限公司 第三届董事会第十八次会议决议公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 华宝香精股份有限公司（以下简称"公司"）第三届董事会第十八次会议通 知于2025年6月24日以电子邮件方式发出，会议于2025年6月25日以通讯方式召开。 本次会议应出席董事9人，实际出席董事9人，会议由董事长夏利群先生主持，夏 利群先生就紧急召开本次会议的情况进行了说明。本次会议召集、召开符合有关 法律、法规及《公司章程》的规定，决议合法有效。 经与会董事认真审议，本次会议审议通过了如下议案： 一、 审议并通过《关于聘任公司财务总监的议案》。 由于张捷先生因个人原因辞去公司财务总监职务，为保障公司业务发展需要， 经公司总裁提名，并由董事会提名委员会资格审查和董事会审计委员会审议通过 后，公司董事会同意聘任任玉津女士为公司财务总监，任期自董事会审议通过之 日起至本届董事会届满之日止。 证券代码：300741 证 ...

关于公司副总裁兼财务总监辞职暨聘任财务总监的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 华宝香精股份有限公司（以下简称"公司"）董事会于近日收到公司副总裁 兼财务总监张捷先生的书面辞职报告，张捷先生因个人原因，申请辞去公司副总 裁、财务总监职务。张捷先生辞职后不在公司担任任何职务。根据《深圳证券交 易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》及《公司章程》 等相关规定，张捷先生的辞职报告自送达董事会之日起生效。 证券代码：300741 证券简称：华宝股份 公告编号：2025-032 华宝香精股份有限公司 任玉津女士，1986 年出生，中国国籍，无永久境外居留权，硕士学位，中 级会计师，美国注册管理会计师。任玉津女士曾任德勤华永会计师事务所（特殊 普通合伙）高级审计员、世茂集团控股有限公司财务部报表副经理，自 2015 年 起历任公司财务部副主任会计师、财务部副总监、财务部总监，现任公司财务总 监。 张捷先生辞任职务原定届满日为 2026 年 4 月 19 日，截至本公告披露日，张 捷先生未持有公司股 ...

Core Viewpoint - The consumer sector experienced a significant surge, with major A-share indices closing higher and over 3,900 stocks in the market showing gains [1][10]. Group 1: Market Performance - The Shanghai Composite Index rose by 0.42%, the Shenzhen Component Index increased by 0.87%, and the ChiNext Index climbed by 1.11% [1]. - The total market turnover reached approximately 1.18 trillion yuan, an increase of 136 billion yuan compared to the previous trading day [1]. Group 2: Sector Highlights - Key sectors that saw notable gains included beauty care, beer, copper cable high-speed connections, and clothing and home textiles [3][10]. - Specific stocks such as Wanbangde in the innovative drug concept and Huabao Co. showed strong performance, with Huabao Co. hitting a new high since October 9, 2024 [5][10]. Group 3: Company Insights - Huabao Co. focuses on the flavor and ingredient industry, providing solutions centered on natural technology, with main products including tobacco and food flavors [7]. - The company is set to participate as a cornerstone investor in the IPO of "Hushang Auntie" in 2025, showcasing a model of "capital empowerment + industrial synergy" [8]. - Huabao Co. has established stable partnerships across various sectors, including food, beverages, catering, and dairy [8]. Group 4: Consumer Trends - New consumption concept stocks in Hong Kong, such as Mao Ge Ping and Zhongyan Hong Kong, reached historical highs, indicating a robust market sentiment [14]. - Analysts are optimistic about the long-term opportunities in the consumer sector, particularly in areas like trendy toys, gold jewelry, and new tea beverages [14]. - The beer sector is entering a peak consumption season, with expectations for revenue growth and improved profitability due to product upgrades and cost advantages [14].

食品饮料板块盘中强势拉升，截至收盘，品渥食品涨近13%，香飘飘、有友食品、西麦食品等涨停；盐 津铺子涨近6%，盘中一度涨超8%逼近百元大关，创出历史新高。 | 代码 | 名称 | | 涨幅% | 现价 | 沿线走 | 采价 | 卖价 | 总量 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 300741 华宝股份 | | | R 20.02 | 20.56 | 3.43 | 20.56 | | 207805 | | 300892 | 品渥食品 | R | 12.84 | 38.40 | 4.37 | 38.40 | 38.42 | 162601 | | 603711 | 香飘飘 | | 10.04 | 15.02 | 1.37 | 15.02 | l | 139192 | | 603697 有友食品 | | . | 10.01 | 15.93 | 1.45 | 15.93 | l | 368377 | | 002956 | 四菱食品 | | 10.00 | 24.31 | 2.21 | 24.31 | - | 87492 | | 6004 ...

Core Viewpoint - The article highlights a significant rally in the stock market, particularly in the consumer sector, with various sectors such as food and beverage, tobacco, and solid-state batteries showing strong performance amid a backdrop of policy support for domestic demand [1][5]. Consumer Sector - The consumer sector experienced a collective surge, with major indices like the Shenzhen Component Index and the ChiNext Index showing strong gains. The Shanghai Composite Index rose by 0.42% to 3376.2 points, while the Shenzhen Component Index increased by 0.87% to 10144.58 points, and the ChiNext Index climbed 1.11% to 2024.93 points [1]. - Notable stocks in the food and beverage sector included Pinwa Foods, which rose nearly 13%, and several others like Xiangpiaopiao and Youyou Foods hitting the daily limit [3][4]. - The article mentions that the overall market saw nearly 4000 stocks in the green, indicating broad-based participation in the rally [1]. Tobacco Sector - The tobacco sector saw a significant rise, with stocks like Huabao and Jinjia both hitting the daily limit, and Huaye Fragrance increasing by approximately 9% [6][7]. - In the Hong Kong market, stocks such as Smoore International and China Tobacco Hong Kong also reached new highs, with Smoore rising about 13% and China Tobacco Hong Kong nearly 9% [10]. Solid-State Battery Sector - The solid-state battery sector showed strong upward movement, with stocks like Keheng and Nord both hitting the daily limit, and others like Longpan Technology and Chuan Yi Technology also performing well [11][12]. - The demand for solid-state batteries is expected to rise due to applications in electric vehicles, low-altitude economy, and robotics, with projections indicating significant market growth in the coming years [14]. - The article notes that the solid-state battery market is anticipated to reach a shipment volume of 614.1 GWh by 2030, with a market size exceeding 250 billion yuan [14].

Group 1 - The artificial meat concept sector rose by 2.37%, ranking 7th among concept sectors, with 17 stocks increasing in value, including Huabao Co., which hit a 20% limit up [1][2] - Leading stocks in the artificial meat sector included Lingge Technology, Meiyingsen, and Haoxiangni, which rose by 5.50%, 4.11%, and 3.42% respectively [1] - The sector experienced a net inflow of 7.71 million yuan, with Huabao Co. receiving the highest net inflow of 55.56 million yuan [2][3] Group 2 - The top three stocks by net inflow ratio were Huabao Co. at 13.93%, Haoxiangni at 9.71%, and Aipu Co. at 9.15% [3] - Other notable stocks included Shuanghui Development and Shuangta Food, with net inflows of 14.04 million yuan and 6.82 million yuan respectively [3][4] - Stocks that faced declines included Xue Rong Biological, which fell by 2.99%, and Fuxiang Pharmaceutical, which decreased by 1.57% [1][4]