ANGEL YEAST(SH:600298) Chang Jiang Shang Bao·2025-08-18 00:17Core Viewpoint - Angel Yeast has demonstrated steady growth in performance through increased brand investment and international market expansion, achieving significant revenue and profit increases in the first half of 2025 [1][2][3]. Group 1: Financial Performance - In the first half of 2025, Angel Yeast reported revenue of approximately 7.9 billion yuan, a year-on-year increase of 10.1% [1][2]. - The net profit attributable to shareholders reached 799 million yuan, reflecting a year-on-year growth of 15.7% [1][2]. Group 2: Brand and Market Position - Angel Yeast is the second-largest yeast company globally, with a brand value exceeding 20 billion yuan and a brand strength score of 914, leading the domestic food processing sector [2]. - The company has a total yeast production capacity exceeding 450,000 tons, holding a 55% market share in China and over 20% globally, exporting to more than 170 countries and regions [2]. Group 3: International Expansion - In Q2 2025, overseas revenue grew by 22.3% year-on-year, accounting for 28.4% of total revenue [3]. - The company’s international revenue reached 5.712 billion yuan in 2024, representing 37.6% of total revenue, with a notable increase of 3.193 billion yuan over the past five years [3]. Group 4: Product Development and Innovation - Angel Yeast is actively expanding its product boundaries, with yeast protein exported to over 40 countries for use in various food applications [4]. - The company is investing in biotechnology, with projects including a 230 million yuan investment in serum-free cell culture technology and a 502 million yuan investment in a biomanufacturing center [5].