安琪酵母计划加码产能建设 合计投资逾15亿元

Core Viewpoint - Angel Yeast has announced multiple capacity expansion plans with a total investment exceeding 1.5 billion yuan on November 22 [2] Group 1: Investment Plans - Angel Yeast's Liuzhou company plans to implement a smart manufacturing project for yeast extract products with an investment of approximately 232 million yuan [5] - Angel Yeast's Russian company intends to increase its registered capital and expand its production line to an annual capacity of 22,000 tons of yeast, with an investment of about 1.062 billion yuan [5] - Angel Yeast's park factory plans to implement a flexible smart manufacturing project for food raw materials with an annual capacity of 60,000 tons, investing around 215 million yuan [5] Group 2: Financial Performance - Angel Yeast's gross margin has been declining in recent years, with figures from 2017 to 2024 showing a decrease from 37.64% to 23.52% [5] - Research reports indicate that the growth rate of Angel Yeast's main business has slowed down as of the third quarter of 2025, primarily due to weak domestic demand [5] - In the third quarter, Angel Yeast's domestic revenue decreased by 3.5% year-on-year, while international market revenue increased by 17.7% year-on-year, indicating a short-term need for recovery in the domestic market [5]