Core Viewpoint - Huabao Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 606 million yuan, representing a year-on-year decrease of 8.41% [1] - The net profit for the same period was 13.42 million yuan, showing a significant year-on-year decline of 87.95% [1] Dividend Policy - The company announced plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves [1]

华宝香精股份有限公司 关于 2025 年半年度募集资金存放与使用情况的专项报告 根据中国证监会《上市公司募集资金监管规则》《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》及相关格式指引的规定，华 宝香精股份有限公司（以下简称"公司"）2025 年半年度募集资金存放与使用情 况专项报告如下： 一、募集资金基本情况 根据中国证券监督管理委员会于 2018 年 2 月 2 日签发的证监发行字[2018] 261 号文《关于核准华宝香精股份有限公司首次公开发行股票的批复》，公司于 2018 年 2 月向社会公众发行人民币普通股 61,590,000.00 股，每股发行价格为人 民币 38.60 元，募集资金总额为 2,377,374,000.00 元。扣除发行费用人民币 65,531,881.14 元后，实际募集资金净额为人民币 2,311,842,118.86 元（以下简称 "募集资金"），上述资金于 2018 年 2 月 26 日到位，业经普华永道中天会计师事 务所（特殊普通合伙）予以验证并出具普华永道中天验字（2018）第 0108 号验 资报告。 截至 2025 年 6 月 30 ...

关于举行 2025 年半年度业绩说明会的公告 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。 证券代码：300741 证券简称：华宝股份 公告编号：2025-037 华宝香精股份有限公司 欢迎广大投资者积极参与。 特此公告。 1 华宝香精股份有限公司 董事会 2025 年 8 月 19 日 华宝香精股份有限公司（以下简称"公司"）2025 年半年度报告于 2025 年 8 月 19 日披露，为了让广大投资者能进一步了解公司 2025 年上半年经营成果、财 务状况及发展战略等情况，公司将于 2025 年 8 月 22 日（星期五）15:00 至 17:00 举行 2025 年半年度网上业绩说明会。本次说明会将采用网络远程方式举行，投 资者可通过以下方式参与互动交流。 在微信中小程序中搜索"华宝香精股份有限公司"参与交流，或者微信扫一 扫以下二维码： 出席本次半年度业绩说明会的人员有：公司董事长夏利群先生，董事、总裁 袁肖琴女士，独立董事全泽先生、吴昌勇先生、杨锦健先生，副总裁、董事会秘 书侯晓勤女士，财务总监任玉津女士。具体参会 ...

| 非经营性资金 占用 | 资金占用方名称 | 占用方与上市公 司的关联关系 | 上市公司核 算的会计科 | 2025 | 年期初占用 | 2025 年半年度占 | 用累计发生金额 | 2025 年半年度 占用资金的利息 | 2025 | 年半年度偿 还累计发生金额 | 2025 年半年度期 末占用资金余额 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 目 | | 资金余额 | | (不含利息) | (如有) | | | | | | | 控股股东、实 | | | | | | | | | | | | | | | 际控制人及其 | | | | | | | - | | | | | | | | 附属企业 | | | | | | | | | | | | | | | 前控股股东、 | | | | | | | | | | | | | | | 实际控制人及 | | | | | | | - | | | | | | | | 其附属企业 | | | | | ...

经与会监事认真审议，本次会议审议通过了如下议案： 一、审议并通过《2025年半年度报告及其摘要》； 公司编制和审核2025年半年度报告的程序符合法律法规的规定，报告内容真 实、准确、完整地反映了公司2025年上半年度经营的实际情况，不存在虚假记载、 误导性陈述或重大遗漏，报告的内容和格式符合中国证监会和深圳证券交易所的 相关规定。 证券代码：300741 证券简称：华宝股份 公告编号：2025-034 华宝香精股份有限公司 第三届监事会第十三次会议决议公告 本公司及监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"）第三届监事会第十三次会议通 知于2025年8月8日以电子邮件方式发出，会议于2025年8月18日以通讯方式召开。 本次会议应出席监事3人，实际出席监事3人，会议由监事会主席ZHAO DEXU先 生主持。本次会议的召集、召开符合有关法律、法规及《公司章程》的规定，决 议合法有效。 表决结果：3票赞成，0票反对，0票弃权。 表决结果：3 票赞成，0 票反对，0 票弃权。 具体内容详见公司刊登 ...

本议案已经公司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。 证券代码：300741 证券简称：华宝股份 公告编号：2025-033 华宝香精股份有限公司 第三届董事会第十九次会议决议公告 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"）第三届董事会第十九次会议通 知于2025年8月8日以电子邮件方式发出，会议于2025年8月18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。本 次会议的召集、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《2025年半年度报告及其摘要》； 经与会董事认真审议，认为公司《2025年半年度报告》及《2025年半年度报 告摘要》内容真实、准确、完整，不存在任何虚假记载、误导性陈述或者重大遗 漏。 特此公告。 华宝香精股份有限公司 具体内容详见公司刊登于创业板信息披露网站巨潮资讯网（http://www.cn ...

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]