证券代码：301220 证券简称：亚香股份 公告编号：2024-053 昆山亚香香料股份有限公司 关于首次公开发行股票募投项目结项并将节余募集资 金永久补充流动资金的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 公司为规范公司募集资金管理，保护投资者权益，公司与保荐机构、募集资 金专户开户银行签署了募集资金监管协议，开设了募集资金专项账户，对募集资 金实行专户存储。 二、募集资金投资项目 （一）募投项目基本情况 根据公司《首次公开发行股票并在创业板上市招股说明书》披露的募集资金 使用用途，公司使用首次公开发行股票募集资金投资项目情况如下： 公司基于市场环境的变化并结合公司长期发展需要和整体规划等因素，经公 司 2023 年 5 月 29 日召开的第三届董事会第十次会议、第三届监事会第八次会 议，2023 年 6 月 14 日召开的 2023 年第一次临时股东大会审议通过，同意公司 原募投项目"6,500t/a 香精香料及食品添加剂和副产 15 吨肉桂精油和 1 吨丁香轻 油和 20 吨苧烯项目"尚未使用的剩余募集资金和该项目募集资金累计产生的利 息净收 ...

Company Overview - Yaxiang Co Ltd is a leading global player in the natural flavor and fragrance segment, specializing in natural flavors, synthetic flavors, and cooling agents, with nearly 300 types of flavors in production, including over 160 natural flavors [1] - The company reported revenue of 630 million yuan in 2023, a decrease of 10.66% YoY, and net profit attributable to shareholders of 80 million yuan, down 39.18% YoY [1] - For the first three quarters of 2024, Yaxiang achieved revenue of 576 million yuan, a 21.37% YoY increase, but net profit attributable to shareholders declined by 34.58% to 45 million yuan [1] Industry Analysis - The global flavor and fragrance market was valued at 29.2 billion USD in 2022, showing steady growth, with food and daily chemicals being the primary downstream applications [1] - The electronic cigarette market, particularly in tobacco flavors, is expected to drive new demand, with the global e-cigarette market projected to grow from 13.7 billion USD in 2019 to 26.6 billion USD in 2023, at a CAGR of 6.25% [1] - The market is highly concentrated, with international giants dominating, while the domestic market in China is fragmented, with some companies like Yaxiang holding significant shares in specific products such as vanillin (30%) and cooling agents (80%) [1] Product and Market Strategy - Yaxiang has a diverse product portfolio and strong customer relationships, covering all top ten international flavor and fragrance companies, including Givaudan, Firmenich, and IFF, as well as major consumer brands like Mars Wrigley and RELX [1] - The company's Thailand production base, which began operations in November 2024, is expected to contribute an additional 125 million yuan in profit, helping to mitigate tariff impacts and expand production capacity [1] - The Thailand facility includes production lines for vanillin (1,000 tons), oakmoss (200 tons), benzaldehyde (100 tons), benzyl alcohol (50 tons), methyl cinnamate (100 tons), cooling agents (150 tons), and leaf alcohol (150 tons) [1] Financial Projections and Valuation - Yaxiang is projected to achieve net profits of 65 million yuan, 129 million yuan, and 161 million yuan for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 38X, 19X, and 15X [1] - The company's revenue is expected to grow from 780 million yuan in 2024 to 1.206 billion yuan in 2026, with growth rates of 23.8%, 32.1%, and 17.0% for the respective years [2] - Earnings per share (EPS) are forecasted to increase from 0.80 yuan in 2024 to 2.00 yuan in 2026 [2] Key Products and Market Position - Yaxiang's main products include natural flavors and cooling agents, which accounted for over 80% of revenue in 2023, with natural flavors contributing 36.66% and cooling agents 46.28% [28] - The company has a strong position in specific segments, such as vanillin and cooling agents, with significant market shares globally [1] - Yaxiang's product portfolio includes vanillin, methyl cinnamate, raspberry ketone, and cooling agents like WS-23, which are widely used in food, beverages, and personal care products [16] Production and Capacity - Yaxiang operates four production bases in Jiangxi, Wuxue, Nantong, and Thailand, with a combined design capacity of over 10,000 tons [20] - The Thailand base, with a design capacity of 1,750 tons, is expected to enhance the company's production capabilities and profitability [21] - The company employs a combination of in-house production and outsourced processing to meet diverse product demands and optimize production efficiency [22] Research and Development - Yaxiang has consistently increased its R&D investment, with R&D expenses accounting for 4.69% of revenue in the first three quarters of 2024, up from 3.91% in 2019 [27] - The company focuses on developing new products and improving production processes, particularly in natural flavors and cooling agents, to maintain its competitive edge [27] Market Trends and Opportunities - The global flavor and fragrance market is expected to continue growing, driven by increasing demand for natural and sustainable products [1] - The electronic cigarette market presents a significant growth opportunity, particularly for tobacco flavors, which could further boost demand for Yaxiang's products [1] - The company's expansion into Thailand and its focus on high-margin products like vanillin and cooling agents position it well to capitalize on these trends [1]

昆山亚香香料股份有限公司（以下简称"公司"）基于市场环境的变化并结合公 司长期发展需要和整体规划等因素，经公司 2023 年 5 月 29 日召开的第三届董事会第 十次会议、第三届监事会第八次会议，2023 年 6 月 14 日召开的 2023 年第一次临时股 东大会审议通过，同意公司原募投项目"6,500t/a 香精香料及食品添加剂和副产 15 吨 肉桂精油和 1 吨丁香轻油和 20 吨苧烯项目"尚未使用的剩余募集资金和该项目募集 资金累计产生的利息净收入投资于"亚香生物科技（泰国）有限公司生产基地项目"。 此次募集资金用途变更情况详见公司 2023 年 5 月 30 日于巨潮资讯网披露的《关于变 更募集资金用途的公告》（公告编号：2023-025）。公司 2023 年 12 月 22 日召开第三 届董事会第十四次会议和第三届监事会第十二次会议，2024 年 1 月 10 日召开 2024 年 第一次临时股东大会，审议通过了《关于使用剩余超募资金增加募投项目拟投入募集 资金金额的议案》，同意将剩余超募资金（含利息收入）全部投入到"亚香生物科技 （泰国）有限公司生产基地项目"。此次使用超募资金投入情况详见公司 ...

昆山亚香香料股份有限公司 关于持股 5%以上股东减持计划期限届满暨减持计划实 施结果的公告 股东昆山鼎龙博晖投资管理企业（有限合伙）保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 昆山亚香香料股份有限公司（以下简称"公司"）于 2024 年 7 月 10 日披露 了《关于持股 5%以上股东股份减持计划预披露的公告》（公告编号：2024-037）。 持有公司股份 5,541,800 股（占剔除公司回购专用账户 872,900 股后的总股本比 例的 6.93%、公司总股本的比例为 6.86%）的昆山鼎龙博晖投资管理企业（有限 合伙）（以下简称"鼎龙博晖"）计划该公告披露之日起 15 个交易日后的连续 90 个自然日内合计减持不超过 1,598,542 股，不超过占剔除公司回购专用账户 872,900 股后的总股本比例的 2%、公司总股本比例 1.98%。其中通过集中竞价交 易方式减持公司股份不超过 799,271 股，不超过占剔除公司回购专用账户 872,900 股后的总股本比例的 1%、公司总股本比例 0.9 ...

证券代码：301220 证券简称：亚香股份 公告编号：2024-048 昆山亚香香料股份有限公司 第三届监事会第十七次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 三、备查文件 1、公司第三届监事会第十七次会议决议。 特此公告。 昆山亚香香料股份有限公司（以下简称"公司"）第三届监事会第十七次会议于 2024 年 10 月 25 日在公司会议室以现场结合通讯方式召开，会议通知已于 2024 年 10 月 15 日以通讯方式发出。会议由公司监事会主席徐平先生主持，应出席监事 3 名， 实际出席监事 3 名。本次监事会会议的召集、召开和表决程序符合有关法律法规和《公 司章程》的规定。 二、监事会会议审议情况 经与会监事认真审议，形成决议如下： 1、审议通过了《关于<2024 年第三季度报告>的议案》 经审议，监事会通过了公司编制的《2024 年第三季度报告》，认为公司董事会编 制和审核公司《2024 年第三季度报告》的程序符合相关法律法规和深圳证券交易所的 有关规定，公司《2024 年第三季度报告》真实、准确、完整地反映了公 ...

Revenue and Profit - Revenue for Q3 2024 reached ¥214,593,526.72, an increase of 14.84% year-over-year, while year-to-date revenue was ¥575,718,809.09, up 21.37% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥9,791,033.60, a decrease of 57.10% year-over-year, with year-to-date net profit at ¥45,140,081.26, down 34.58%[2]. - Basic earnings per share for Q3 2024 was ¥0.12, reflecting a decline of 57.14% compared to the same quarter last year[2]. - Total operating revenue for Q3 2024 reached ¥575,718,809.09, an increase of 21.4% compared to ¥474,337,511.46 in Q3 2023[15]. - Net profit for Q3 2024 was ¥44,707,775.48, a decrease of 34.8% from ¥68,626,274.27 in Q3 2023[15]. - The net profit attributable to the parent company for Q3 2024 is CNY 45,140,081.26, a decrease from CNY 69,001,118.08 in Q3 2023, representing a decline of approximately 34.6%[16]. - The total comprehensive income attributable to the parent company for Q3 2024 is CNY 61,752,258.10, down from CNY 65,742,360.03 in Q3 2023, reflecting a decrease of about 6.0%[16]. - The basic and diluted earnings per share for Q3 2024 are both CNY 0.56, compared to CNY 0.85 in Q3 2023, indicating a decline of approximately 34.1%[16]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥2,057,666,387.58, representing an increase of 11.88% from the end of the previous year[2]. - Total liabilities increased to ¥429,324,657.72 from ¥261,901,071.64, reflecting a growth of 63.8%[14]. - The company’s total equity increased to ¥1,628,341,729.86 from ¥1,577,284,209.78, reflecting a growth of 3.2%[14]. - The company reported a significant increase in accounts receivable by 30.51% to ¥242,721,033.19, attributed to higher sales revenue[5]. - The company’s total liabilities increased, with short-term borrowings rising by 44.12% to ¥180,063,219.19, reflecting increased bank loans during the period[5]. Cash Flow - Cash flow from operating activities for the year-to-date period was ¥11,758,111.86, down 38.25% compared to the previous year[7]. - Cash inflows from operating activities for Q3 2024 amount to CNY 697,922,217.05, an increase from CNY 572,645,627.90 in Q3 2023, representing a growth of about 22.0%[18]. - Cash outflows from operating activities for Q3 2024 total CNY 686,164,105.19, compared to CNY 553,603,230.97 in Q3 2023, which is an increase of approximately 23.9%[18]. - The net cash flow from operating activities for Q3 2024 is CNY 11,758,111.86, down from CNY 19,042,396.93 in Q3 2023, indicating a decrease of about 38.1%[18]. - The net cash flow from investing activities for Q3 2024 is CNY -193,163,675.38, compared to CNY 146,522,328.31 in Q3 2023, showing a significant decline[19]. - The cash and cash equivalents at the end of Q3 2024 are CNY 177,641,381.04, down from CNY 304,358,905.58 at the end of Q3 2023, reflecting a decrease of approximately 41.7%[19]. Research and Development - Research and development expenses increased by 35.76% to ¥26,798,761.24, primarily due to higher investment in R&D materials[6]. - Research and development expenses for Q3 2024 were ¥26,798,761.24, up from ¥19,740,165.79, indicating a 35.6% increase[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,025[8]. - The largest shareholder, Zhou Junxue, holds 39.93% of the shares, totaling 32,261,951 shares[8]. - The second-largest shareholder, Kunshan Dinglong Bohui Investment Management Enterprise, holds 6.85% with 5,538,300 shares[9]. - The company has a total of 5,257,668 restricted shares, with 300,000 shares newly restricted during the period[11]. - The total number of shares held by the top ten unrestricted shareholders is 13,000,000[9]. - The company reported a 6.49% ownership by Kunshan Dinglong Bohui Investment Management at the beginning of the period, which increased to 6.85% by the end[10]. - The company has no preferred shareholders or related party transactions reported[11]. - The total number of shares held by the top ten shareholders participating in margin trading is not applicable[10]. - The company has not reported any significant changes in the top ten shareholders due to margin trading activities[10]. - The company has a total of 872,900 shares repurchased, accounting for 1.0803% of the total share capital[9].

舆情管理制度 第二条 本制度适用于对公司股价、公司商业信誉及正常生产经营活动造成 影响的各类舆情。 第三条 本制度所称舆情包括： 昆山亚香香料股份有限公司 第一章 总则 第一条 为提高昆山亚香香料股份有限公司（以下简称"公司"）应对各类 舆情的能力，建立快速反应和应急处置机制，充分发挥网络互动优势，正确把握 和引导网络舆论导向，及时、妥善处理各类舆情对公司股价、公司商业信誉及正 常生产经营活动造成的影响，切实保护投资者合法权益，根据相关法律法规和规 范性文件及《公司章程》的规定，结合公司实际情况，制定本制度。 第二章 舆情管理的组织体系及其工作职责 第四条 公司应对各类舆情（尤其是媒体质疑危机时）实行统一领导、统一 组织、快速反应、协同应对。 第五条 公司成立应对舆情处理工作领导小组（以下简称"舆情工作组"）， 由公司董事长任组长，总经理和董事会秘书担任副组长，成员由公司其他高级管 理人员及相关职能部门负责人组成。 第六条 舆情工作组是公司应对各类舆情（尤其是媒体质疑信息）处理工作 的领导机构，统一领导公司应对各类舆情的处理工作，就相关工作做出决策和部 署，根据需要研究决定公司对外发布信息，主要工作职责包括： ...

证券代码：301220 证券简称：亚香股份 公告编号：2024-047 昆山亚香香料股份有限公司 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信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 表决情况：同意 9 票；反对 0 票；弃权 0 票。 表决情况：同意 9 票；反对 0 票；弃权 0 票。 本议案已经审计委员会审议通过。 具体内容详见公司同日在巨潮资讯网（http://www.cninfo.com.cn）上披露的《2024 年第三季度报告》。 2、审议通过了《关于制定<舆情管理制度>的议案》 经审核，董事会同意制定《舆情管理制度》，认为《舆情管理制度》可以提高公 司应对各类舆情的能力，建立快速反应和应急处置机制，充分发挥网络互动优势，正 确把握和引导网络舆论导向，及时、妥善处理各类舆情对公司股价、公司商业信誉及 正常生产经营活动造成的影响，切实保护投资者合法权益。 1、审议通过了《关于<2024 年第三季度报告>的议案》 昆山亚香香料股份有限公司（以下简称"公司"）第三届董事会第十九次会议于 2024 年 10 月 25 日在公司会议室以现 ...

证券代码：301220 证券简称：亚香股份 公告编号：2024-041 昆山亚香香料股份有限公司 鉴于目前该产线尚处于试生产阶段，从试生产到规模化量产，产能释放仍需一段 时间。在前期试生产阶段，项目生产装置、产品质量的稳定性有待持续观察。未来可 能存在市场环境变化、竞争加剧、产品销售价格波动、原材料价格波动等潜在风险。 敬请广大投资者注意投资风险。 二、募投项目进展情况 "亚香生物科技（泰国）有限公司生产基地项目"中香兰素、凉味剂生产线按计 划已完成主体工程建设及生产设备安装、调试工作，并获得泰国颁发的生产许可证， 上述生产线已具备试生产条件。公司将安排该产线进行试生产工作，并对设备装置进 行调整优化，逐步实现项目达产达标。 三、对公司的影响 该产线的投产将进一步优化公司的产业布局，提升公司的产能和规模化优势，各 子公司的协同发展也将进一步深化公司的成本优势，巩固公司的行业地位和市场份额， 有利于公司进一步提高市场综合竞争力和盈利能力。 四、可能存在的风险 关于募投项目中部分生产线进入试生产阶段的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、募投项 ...

一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 无 | | 2.督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但 | | | 不限于防止关联方占用公司资源的制度、募集资 | 是 | | 金管理制度、内控制度、内部审计制度、关联交 | | | 易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | | 4 次，招商证券股份有限公司（简称 | | | "招商证券"）自 2024 年 3 月 22 日承 | | （1）查询公司募集资金专户次数 | 接持续督导后每月查阅了募集资金交易 | | | 明细。 | | （2）公司募集资金项目进展是否与信息披露文 | 是 | | 件一致 | | | 4.公司治理督导情况 | | | （1）列席公司股东大会次数 | 未列席，已阅会议文件 | | （2）列席公司董事会次数 | 未列席，已阅会议文件 | | （3）列席公司 ...