华宝股份：科技创新塑造“天然技术”新优势 推动企业迈向新质生产力

Core Viewpoint - The Chinese flavor and fragrance industry is transitioning from "scale competition" to "technology-driven" development, influenced by the "Healthy China 2030" strategy and the "14th Five-Year Plan" [1] Group 1: Technology Innovation System - Technology innovation is the core driving force for the company, with R&D investment reaching 10,490.98 million yuan in the first three quarters of 2025, maintaining an average R&D investment ratio of over 9% of revenue in the past three years [2] - The company holds 316 patents as of June 30, 2025, including 176 invention patents, 134 utility model patents, and 6 design patents, with thousands of flavor formulas sold [2] - The company has established a global collaborative R&D network with centers in various regions, including Germany and Singapore, enhancing its capabilities in natural food technology and industry ecosystem construction [2] Group 2: Digital Intelligence Driving Growth - The company is leveraging digital intelligence as a second engine for efficiency and value creation, implementing a Product Lifecycle Management (PLM) system across all business segments [3] - The AI fragrance master "Arobot" is in use, facilitating applications in intelligent fragrance creation and market trend analysis [3] - The company has achieved L6 certification for its digital factory, indicating its leadership in lean manufacturing and green operations [3] Group 3: Technology-Driven Business Upgrade - The company is expanding its business from flavor advantages to health solutions, with a complete system covering sweet, salty, and compound flavors for various industries [4] - The food ingredient segment is focusing on natural and functional trends, with over 300 products developed for the health food supply chain [4] - The company is also extending its innovation capabilities to emerging categories like heated non-combustible products, participating in the rapid evolution of the global new pleasure goods market [4] Conclusion - The company is advancing towards a new phase of the "14th Five-Year Plan" with a dual focus on technology-driven and brand upgrades, enhancing its cultural influence and forward positioning in the industry [5][6] - With ongoing advancements in AI fragrance technology and sustainable practices, the company is poised to enhance its competitiveness and long-term value in the evolving industry landscape [6]