证券代码：301220 证券简称：亚香股份 公告编号：2025-035 昆山亚香香料股份有限公司 关于控股股东、实际控制人及董事长持股比例变动被动触及 5%整数倍的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次权益变动系昆山亚香香料股份有限公司（以下简称"公司"）2024 年年度权益分派实行差异化分红送转方案，导致公司控股股东、实际控制人周军 学先生的持股比例由 39.93%增加至 40.05%，被动触及 5%的整数倍。 2、本次权益变动不触及要约收购，不会导致公司控制权发生变更。 昆山亚香香料股份有限公司（以下简称"公司"）2024 年年度权益分派于 2025 年 5 月 26 日实施完毕，分红前公司总股本为 80,800,000 股，分红后总股本 增至 112,770,840 股，公司回购专用证券账户中的股份不参与本次权益分派。控 股股东、实际控制人及董事长周军学先生持有公司股份数量从 32,261,951 股增加 至 45,166,731 股，持股比例由 39.93%增加至 40.05%，被动触及 5%的整数倍。 现将具体情况 ...

Core Viewpoint - Asia Aroma Co., Ltd. (亚香股份) has announced a cash dividend and a stock bonus plan for its shareholders, reflecting its commitment to returning value to investors while also adjusting its capital structure [3][4]. Trading Information Summary - As of May 19, 2025, Asia Aroma's stock closed at 68.52 yuan, down 3.21%, with a turnover rate of 7.29% and a trading volume of 34,400 shares, resulting in a total transaction value of 236 million yuan [1]. - On the same day, the net inflow of main funds was 10.87 million yuan, accounting for 4.61% of the total transaction value, while retail investors saw a net inflow of 14.75 million yuan, making up 6.26% of the total [2][4]. Company Announcement Summary - The company will distribute a cash dividend of 2 yuan (including tax) for every 10 shares held, totaling 15,985,420 yuan (including tax), and will also increase its capital by issuing 4 additional shares for every 10 shares held, resulting in a total increase of 31,970,840 shares [3][4]. - The total share capital after the bonus issue will be 112,770,840 shares, with the record date for the dividend set for May 23, 2025, and the ex-dividend date on May 26, 2025 [3].

证券代码：301220 证券简称：亚香股份 公告编号：2025-034 特别提示： 1、昆山亚香香料股份有限公司（以下简称"公司"）回购专用证券账户中的股份不 参与本次权益分派。本次权益分派将以公司现有总股本 80,800,000 股剔除已回购股份 872,900 股后的 79,927,100 股为基数，向全体股东每 10 股派 2.00 元人民币（含税）， 实际派发现金分红总额 15,985,420.00 元（含税），同时以资本公积金向全体股东每 10 股转增 4 股，合计转增 31,970,840 股，转增后公司总股本为 112,770,840 股。 2、本次权益分派实施后计算除权除息价格时，按公司总股本折算每 10 股现金红 利、每 10 股资本公积金转增股本数如下： (1) 按公司总股本（含回购股份）折算的每 10 股现金红利（含税）=本次现金 分红总额÷总股本×10 股=15,985,420.00 元/80,800,000 股×10 股=1.978393 元，即每 股现金红利为 0.1978393 元； (2) 按公司总股本（含回购股份）折算的每 10 股转增股数=本次转增股份数量 /总股本×10= ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by more than 15% in the next six months [4][21]. Core Views - The company is expected to see significant revenue growth driven by its overseas production capacity, particularly from the Thailand project, which is anticipated to improve profitability [11][12]. - Despite short-term pressure on profitability in 2024, the overall revenue is projected to maintain growth, with a notable increase in net profit expected in 2025 [2][12]. Financial Performance Summary - **Revenue**: The company reported a revenue of 797 million yuan in 2024, a year-on-year increase of 26.42%. The projected revenues for 2025, 2026, and 2027 are 1.406 billion, 1.762 billion, and 2.007 billion yuan respectively, indicating growth rates of 76.5%, 25.3%, and 13.8% [1][12]. - **Net Profit**: The net profit for 2024 is expected to be 56 million yuan, down 30.51% year-on-year, but is projected to rebound to 223 million yuan in 2025, reflecting a growth of 299.6% [1][12]. - **Cash Flow**: The net cash flow from operating activities decreased by 58.75% in 2024, primarily due to rising product costs and increased procurement expenses [3]. - **Profitability Ratios**: The company's net profit margin for 2024 is projected at 6.90%, down 5.71 percentage points from the previous year, while the return on equity (ROE) is expected to improve significantly to 12.0% by 2025 [2][12]. Market Position and Strategy - The company is recognized as a leading producer of mid-to-high-end flavoring agents in China, with a strong brand and customer resource base. It has established stable relationships with major international flavor companies [8][9]. - The global flavor and fragrance market is expected to grow steadily, with the market size projected to reach approximately 32.1 billion USD by 2025, driven by increasing demand in developing countries [9][10]. - The company's strategic move to expand its production capacity in Thailand is aimed at mitigating geopolitical risks and enhancing its competitive position in the global market [10][11].

Core Viewpoint - The company reported a mixed financial performance for 2024, with revenue growth but a significant decline in net profit, indicating challenges in maintaining profitability amidst competitive pressures in the market [1][2]. Financial Performance - In 2024, the company achieved a revenue of 797 million yuan, a year-on-year increase of 26.42%, while the net profit attributable to shareholders was 56 million yuan, down 30.51% year-on-year [1]. - The company's gross profit margin for 2024 was 25.52%, a decrease of 6.65 percentage points compared to the previous year [2]. - The net profit margin for 2024 was 6.90%, down 5.71 percentage points year-on-year, reflecting increased competition and reduced profit margins [2]. Cash Flow and Financial Health - The net cash flow from operating activities in 2024 was 31 million yuan, a decrease of 58.75% year-on-year, primarily due to rising product costs and increased procurement expenses [3]. - The net cash flow from investing activities was -284 million yuan, a decline of 433.73% year-on-year, attributed to the disposal of financial assets and investment returns [3]. - The net cash flow from financing activities increased to 133 million yuan, up 700.33% year-on-year, mainly due to increased bank borrowings [3]. Market Position and Product Offering - The company is a leading producer of mid-to-high-end flavoring agents in China, with a diverse product range including over 310 types of flavors, meeting various downstream application needs [4]. - The company has established stable relationships with major international flavor companies, ensuring a solid customer base and revenue growth [5]. - The global flavor and fragrance market is projected to grow, with the market size expected to reach approximately 32.1 billion USD by 2025, indicating a favorable environment for the company's growth [5][6]. Strategic Initiatives - The company is expanding its overseas market presence to mitigate geopolitical risks, with a new synthetic vanillin production line planned in Thailand [7]. - The Thai production facility has commenced full operations, contributing to performance growth, while domestic capacity expansion is underway [7]. - The company is adapting to new tariffs on imports, implementing a production adjustment plan to maintain competitiveness [7]. Future Outlook - The company is expected to achieve revenues of 1.406 billion yuan, 1.762 billion yuan, and 2.007 billion yuan for 2025-2027, with corresponding net profits of 223 million yuan, 294 million yuan, and 352 million yuan [8]. - The company is well-positioned to benefit from the expanding flavor and fragrance market and its new production capacities, leading to improved economic efficiency [8].

证券代码：301220 证券简称：亚香股份 公告编号：2025-032 昆山亚香香料股份有限公司 关于公司董事、监事间接减持计划实施完毕的公告 公司董事兼副总经理陈清先生、方龙先生；公司董事夏雪琪女士；监事王秉良 先生保证向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。 昆山亚香香料股份有限公司（以下简称"公司"）于 2025 年 4 月 2 日披露了 《关于公司部分董事、监事间接减持计划的预披露公告》（公告编号：2025-012）。 公司董事兼副总经理陈清先生，公司董事兼副总经理方龙先生，公司董事夏雪琪 女士，公司监事王秉良先生自公告披露之日起 15 个交易日后的连续 90 个自然日 内，以集中竞价方式或大宗交易方式减持公司股份，减持价格不低于公司发行价， 计划间接减持公司股份总数依次不超过 73,100 股，75,400 股，30,000 股，108,200 股。 公司于近日收到陈清先生、方龙先生、夏雪琪女士、王秉良先生分别出具的 《股份减持计划实施完毕的告知函》，截至本公告披露日，上述减持计划已实施 完毕。现将陈清先生、方龙先生、夏雪琪女士、王秉良先生减持情况公告如下： 一、 ...

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 2025 年 4 月 2 日披露了 《关于公司董事兼董事会秘书减持计划的预披露公告》（公告编号：2025-013）。 持有公司股份 400,000 股（占剔除公司回购专用账户 872,900 股后的总股本比例 的 0.50%）的公司董事兼董事会秘书盛军先生，计划在公告披露之日起 15 个交 易日后的 90 天内，以集中竞价方式或大宗交易方式减持公司股份，减持价格不 低于公司发行价，减持股份总数不超过 100,000 股（占公司总股本比例 0.12%）。 证券代码：301220 证券简称：亚香股份 公告编号：2025-033 昆山亚香香料股份有限公司 关于公司董事兼董事会秘书减持计划实施完毕的公告 公司董事兼董事会秘书盛军先生保证向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。 公司于近日收到盛军先生出具的《股份减持计划实施完毕的告知函》，截至 本公告披露日，上述减持计划已实施完毕。现将盛军先生减持情况公告如下： 一、股东减持情况 | 1、股东减持股份情况 | | -- ...

北京市中伦（上海）律师事务所 关于昆山亚香香料股份有限公司 2024 年年度股东大会的 法律意见书 $$\Xi{\cal O}\,{\underline{{{-\,}}}}\,\mp\,\mp\,\mp\,\mp\,\mp\,\mp$$ 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 致：昆山亚香香料股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）、《中华人民共和国证券 法》、《上市公司股东会规则》及其他相关法律、法规、规章和规范性文件，以及 《公司章程》相关规定，北京市中伦（上海）律 ...

证券代码：301220 证券简称：亚香股份 公告编号：2025-031 1、会议召开时间： 现场会议时间：2025年5月14日（星期三）14:00。 网络投票时间：通过深圳证券交易所（以下简称"深交所"）交易系统进行网络投 票的具体时间为：2025年5月14日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交 易所互联网投票系统（http://wltp.cninfo.com.cn）进行网络投票的具体时间为：2025年 5月14日9:15-15:00期间的任意时间。 昆山亚香香料股份有限公司 2024年年度股东大会决议公告 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。 特别提示： 1、本次股东大会无新增、变更及否决议案的情况； 2、本次股东大会不涉及变更以往股东大会已通过决议的情况。 一、会议召开和出席情况 （一）会议召开情况 2、现场会议召开地点：江苏省昆山市玉山镇晨丰路201号 3、会议召开方式：现场表决与网络投票相结合的方式 4、会议召集人：公司董事会 5、会议主持人：董事长周军学先生 6、会议召开的合法合规性：本次股东大会 ...

招商证券股份有限公司 关于昆山亚香香料股份有限公司 2024 年度持续督导跟踪报告 | 保荐人名称：招商证券股份有限公司 | 被保荐公司简称：亚香股份 | | --- | --- | | 保荐代表人姓名：覃建华 | 联系电话：0755-83084021 | | 保荐代表人姓名：程建新 | 联系电话：0755-83084021 | 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 | | | （1）查询公司募集资金专户次数 | 次 8 | | （2）公司募集资金项目进展是否与信息披露文 | | | 件一致 | 是 | | ...