== 农林牧渔 2025 年 08 月 26 日 晨光生物 (300138) 业绩符合预期，植提新品变化积极 报告原因: 有业绩公布需要点评 撸持(维持) 联系人 王子昂 (8621)23297818× wangza@swsresearch.com | 市场数据: | 2025年08月25日 | | --- | --- | | 收盘价（元） | 14.20 | | 一年内最高/最低（元） | 14.44/6.91 | | 市净率 | 2.1 | | 股息率%（分红/股价） | 0.92 | | 流通 A 股市值(百万元) | 5,656 | | 上证指数/深证成指 | 3,883.56/12,441.07 | 注："股息率"以最近一年已公布分红计算 | 基础数据: | 2025年06月30日 | | --- | --- | | 每股净资产 (元) | 6.75 | | 资产负债率% | 64.40 | | 总股本/流通 A 股 (百万) | 483/398 | | 流通 B 股/H 股 (百万) | | 年内股价与大盘对比走势： 相关研究 证券分析师 몸昌 A0230516010001 lvchang@sws ...

每经编辑｜陈柯名 桂林莱茵生物科技股份有限公司（以下简称莱茵生物）发布公告称，8月21日，公司某干燥车间的一台干燥设备发生爆炸。 莱茵生物[002166]A股实时行情 - 百度股市通 记者多次致电莱茵生物，未获回应。记者致电桂林市临桂区相关部门，工作人员称，以官方通报为准。 8月21日13时16分，"今日临桂"发布《情况通报》称：2025年8月21日5时40分许，临桂区一公司车间发生设备爆炸事件。经全力救援，救出7名受伤人员， 已第一时间送往医院救治，其中3人重伤、4人轻伤，暂无生命危险；另1名被困人员救出后，经医护人员现场抢救无效死亡。目前，伤员救治、善后处 置、原因调查正在进行中。 官网信息显示，莱茵生物是一家专业从事天然健康产品研发、生产及销售的科技型、外向型民营企业。公司是全球植物提取行业的领军企业，也是国内植 物提取行业的第一家上市公司。 业绩方面，莱茵生物2025年一季度实现营收4.44亿元，同比增长30.21%；归属于上市公司股东的净利润3079.5万元，同比增长14.95%。 8月21日，莱茵生物收跌4.44%，报8.18元/股，总市值61亿元。值得注意的是，莱茵生物股价在午后开盘直线跳水。 ...

Group 1: Financial Performance - The company expects to achieve operating revenue of 3.46 billion to 3.76 billion yuan in the first half of 2025, representing a year-on-year growth of -0.89% to 7.71% [2] - Net profit attributable to shareholders is projected to be between 202 million and 232 million yuan, with a year-on-year growth of 102.33% to 132.38% [2] - The net profit after deducting non-recurring gains and losses is estimated to be between 174 million and 204 million yuan, reflecting a growth of 117.40% to 154.88% compared to the previous year [2] Group 2: Business Performance Drivers - The recovery in the cottonseed business is a major factor contributing to the company's turnaround [3] - The gross profit from plant extraction products such as chili red, chili essence, and stevia glycosides has increased year-on-year [3] - The company is actively expanding into new product categories, including natural sweeteners and essential oils, aiming to achieve a target of ten world-leading products [3] Group 3: Market Outlook and Strategy - The third quarter is expected to be a slow season, but the company anticipates continued growth in product sales, particularly for chili red and chili essence [4] - The company holds approximately two-thirds of the market share for chili red products, with plans to deepen competitive advantages and expand product applications [4] - The strategy focuses on increasing market share through cost-effective solutions rather than monopolistic pricing, capitalizing on the growth potential in developing countries [4] Group 4: Operational Insights - The company has established a robust risk management framework for its cottonseed business, leading to improved operational stability [4] - A highly educated R&D team and proprietary extraction processes contribute to competitive production costs [5] - The company has acquired farmland in Zambia for cultivation, benefiting from lower land and labor costs compared to domestic operations [5] Group 5: Future Growth Expectations - The plant extraction industry is projected to maintain rapid natural growth, with the company aiming to enhance its market position in core products while nurturing second-tier products [6] - The company plans to leverage its established reputation and strong financial position to ensure supply chain security for downstream customers [6]