证券代码：301220 证券简称：亚香股份 公告编号：2025-058 昆山亚香香料股份有限公司 关于调整 2024 年限制性股票激励计划 授予价格及授予数量的公告 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。 昆山亚香香料股份有限公司（以下简称"公司"）于 2025 年 11 月 18 日召开 第四届董事会第四次会议，审议通过《关于调整 2024 年限制性股票激励计划授予 价格及授予数量的议案》，现将相关事项说明如下： 1、2024年 2月 21日，公司召开第三届董事会第十五次会议和第三届监事会第 十三次会议，审议通过了《关于〈昆山亚香香料股份有限公司 2024 年限制性股票 激励计划（草案）〉及其摘要的议案》《关于〈昆山亚香香料股份有限公司 2024 年限制性股票激励计划实施考核管理办法〉的议案》等议案，公司独立董事就本 次股权激励计划发表了独立意见，律师出具相应报告。 2、2024 年 2 月 22 日至 2024 年 3 月 2 日，公司对 2024 年限制性股票激励 计划首次授予部分激励对象名单与职务在公司内部进行了公示，在公示期内， 没有任何组织 ...

证券代码：301220 证券简称：亚香股份 公告编号：2025-060 昆山亚香香料股份有限公司 关于 2024 年限制性股票激励计划首次授予及预留授予部分 限制性股票第一个归属期归属条件成就的公告 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。 重要内容提示： 一、激励计划批准及实施情况 （一）本股权激励计划的主要内容 1、股权激励方式：第二类限制性股票。 2、限制性股票授予数量（调整后）：根据《昆山亚香香料股份有限公司 2024 年限制性股票激励计划（草案修订稿）》（以下简称 "激励计划（草案修订 稿）"），公司 2024 年限制性股票激励计划（以下简称"本激励计划"）拟向激 励对象授予限制性股票总计 1,222,060 股，占目前公司股本总额 112,770,840 股的 1.08%。其中，首次授予 1,059,660 股，占本激励计划拟授予权益总量的 86.71%， 符合本次归属条件的激励对象共计 42 人。其中，首次授予部分的激励对 象 33 人，预留授予部分的激励对象 9 人。 本次拟归属股票数量（调整后）：607,530 股，占目前公司总股本 1 ...

Core Viewpoint - The company, Yaxiang Co., Ltd., has reported a decrease in the number of shareholders and a mixed performance in stock price, while showing significant growth in revenue and net profit for the third quarter [2] Shareholder and Stock Performance - As of November 10, the number of shareholders for Yaxiang Co., Ltd. was 8,800, a decrease of 800 from the previous period (October 31), representing a decline of 8.33% [2] - The closing price of Yaxiang Co., Ltd. on the reporting date was 40.86 yuan, reflecting a slight increase of 0.29%, but the stock price has cumulatively decreased by 3.88% since the concentration of shares began, with 3 days of increase and 6 days of decrease [2] Financing and Margin Data - The latest margin trading data as of November 12 shows a total margin balance of 217 million yuan, with the financing balance also at 217 million yuan. During the current period of share concentration, the financing balance has increased by 12.205 million yuan, marking a growth of 5.95% [2] Financial Performance - According to the third-quarter report, Yaxiang Co., Ltd. achieved a total operating revenue of 770 million yuan, representing a year-on-year growth of 33.82%. The net profit for the same period was 121 million yuan, showing a substantial year-on-year increase of 168.01%. The basic earnings per share were reported at 1.0800 yuan, with a weighted average return on equity of 7.16% [2]

Group 1 - The company, Yaxiang Co., Ltd. (301220), reported that as of November 10, 2025, the total number of shareholders will exceed 8,800 [1]

Group 1 - The company, Yaxiang Co., Ltd. (301220), reported that as of October 31, 2025, the total number of shareholders is over 9,600 [1]

Group 1 - The stock price of Yaxiang Co., Ltd. has declined for three consecutive days, with a total drop of 5.72% during this period, currently trading at 40.08 CNY per share [1] - Yaxiang Co., Ltd. specializes in the research, production, and sales of fragrances, with its main revenue sources being natural fragrances (49.85%), synthetic fragrances (25.12%), cooling agents (24.50%), and others (0.53%) [1] - The company was established on July 2, 2001, and went public on June 22, 2022, with a total market capitalization of 4.52 billion CNY [1] Group 2 - According to data, the Everbright Prudential Fund holds a significant position in Yaxiang Co., Ltd., with its Everbright Prudential Chengxin Mixed A Fund (003115) owning 4,000 shares, representing 1.04% of the fund's net value [2] - The fund has experienced a floating loss of approximately 1,480 CNY today and a total floating loss of 9,720 CNY over the past three days [2] - The Everbright Prudential Chengxin Mixed A Fund has achieved a year-to-date return of 44.42% and a one-year return of 51.06%, ranking 1249 out of 8150 and 706 out of 8043 in its category, respectively [2]

Core Viewpoint - The company reported significant growth in revenue and net profit for the first three quarters of 2025, driven by the successful implementation of its Thailand production base and increased sales of natural vanillin products [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved revenue of 770 million yuan, a year-on-year increase of 33.82% - The net profit attributable to shareholders reached 121 million yuan, up 168.01% year-on-year - The net profit after deducting non-recurring gains was 74 million yuan, reflecting a 69.86% increase year-on-year - Gross margin stood at 28.80%, an increase of 0.99 percentage points year-on-year, while net margin was 15.60%, up 7.83 percentage points year-on-year - The weighted average return on equity was 7.16%, an increase of 4.34 percentage points year-on-year [1][2]. Quarterly Performance - In Q3 2025, the company reported revenue of 263 million yuan, a year-on-year increase of 22.63% and a quarter-on-quarter increase of 7.10% - The net profit attributable to shareholders for Q3 was 11 million yuan, up 11.93% year-on-year but down 60.66% quarter-on-quarter - The sales gross margin for Q3 was 22.98%, a decrease of 4.48 percentage points year-on-year and 9.04 percentage points quarter-on-quarter - The sales net margin was 4.04%, down 0.47 percentage points year-on-year and 7.17 percentage points quarter-on-quarter [1][2]. Business Expansion and New Products - The company is expanding its operations in Thailand, with successful mass production of new products and ongoing construction of the second phase of its Thailand production base - New products such as methyl cinnamate, lycopene, and carotene have passed quality inspections and are being supplied to core customers - The company plans to build a new synthetic vanillin production line in Thailand, expected to add 4,000 tons of capacity, with trial production scheduled for September-October 2025 [3]. Profit Forecast and Investment Rating - Based on market conditions and company plans, revenue forecasts for 2025-2027 are 1.232 billion, 1.647 billion, and 1.920 billion yuan, with net profits of 170 million, 278 million, and 403 million yuan respectively - Corresponding price-to-earnings ratios are projected at 28, 17, and 12 times - The investment rating is maintained at "Accumulate" due to expected sales growth from new capacity and the anticipated ramp-up of new synthetic products [4].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's sales scale in Thailand has increased, contributing to significant year-on-year growth in performance for the first three quarters of 2025 [6] - The company achieved a revenue of 770 million yuan, representing a year-on-year increase of 33.82%, and a net profit attributable to shareholders of 121 million yuan, up 168.01% year-on-year [4][6] - The expansion of the Thailand production base and the successful implementation of the first phase of the project have led to increased customer orders and sales [6][8] Summary by Sections Recent Performance - In Q3 2025, the company reported a revenue of 263 million yuan, a year-on-year increase of 22.63% and a quarter-on-quarter increase of 7.10% [5] - The net profit attributable to shareholders for Q3 was 11 million yuan, reflecting an 11.93% year-on-year increase but a 60.66% decrease quarter-on-quarter [5] Financial Highlights - The gross margin for the first three quarters was 28.80%, up 0.99 percentage points year-on-year, while the net margin was 15.60%, an increase of 7.83 percentage points year-on-year [4] - The company reported a significant increase in investment income, reaching 46 million yuan, up 3430% year-on-year, primarily due to the disposal of a subsidiary [6] Future Outlook - The company plans to continue expanding its Thailand production base, with a new synthetic vanillin production line expected to add 4,000 tons of capacity [7] - Revenue forecasts for 2025-2027 are projected at 1.232 billion, 1.647 billion, and 1.920 billion yuan, respectively, with net profits expected to be 170 million, 278 million, and 403 million yuan [8][10]

Market Overview - The chemical products sector experienced a decline of 0.57% on the trading day, with Boyuan Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the chemical products sector included: - Hangzhou Oxygen Plant Co., Ltd. (002430) with a closing price of 29.52, up 9.99% and a trading volume of 494,700 shares, totaling 1.43 billion yuan [1] - Pioneer New Materials (300163) closed at 4.93, up 6.94% with a trading volume of 1,542,200 shares, totaling 759 million yuan [1] - Jinrongzi (002407) closed at 26.50, up 6.26% with a trading volume of 2,445,100 shares, totaling 6.408 billion yuan [1] - Major decliners included: - Boyuan Co., Ltd. (301617) closed at 94.00, down 7.66% with a trading volume of 78,600 shares, totaling 763 million yuan [2] - Jinhua New Materials (920015) closed at 58.33, down 7.29% with a trading volume of 132,100 shares, totaling 810 million yuan [2] - Poly United (002037) closed at 10.10, down 6.13% with a trading volume of 247,400 shares, totaling 254 million yuan [2] Capital Flow - The chemical products sector saw a net outflow of 933 million yuan from institutional investors, while retail investors contributed a net inflow of 665 million yuan [2] - The capital flow for specific stocks indicated: - Hangzhou Oxygen Plant Co., Ltd. had a net inflow of 1.52 billion yuan from institutional investors, while retail investors had a net outflow of 948.96 million yuan [3] - Yongtai Technology (002326) experienced a net inflow of 1.25 billion yuan from institutional investors, with a net outflow of 2.22 billion yuan from retail investors [3] - Yahua Group (002497) had a net inflow of 1.08 billion yuan from institutional investors, while retail investors saw a net outflow of 657.87 million yuan [3]

Core Viewpoint - The company reported significant growth in both revenue and net profit for the first three quarters of 2025, indicating strong operational performance and financial health [1] Financial Performance - The company's revenue for the first three quarters reached 770 million yuan, representing a year-on-year increase of 33.82% [1] - The net profit attributable to shareholders was 121 million yuan, showing a substantial year-on-year growth of 168.01% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 74.3 million yuan, reflecting a year-on-year increase of 69.86% [1] - The basic earnings per share stood at 1.08 yuan [1]