据港交所9月30日披露，安徽华恒生物科技股份有限公司(简称：华恒生物,688639.SH)向港交所主板提交上 市申请书，华泰国际为独家保荐人。 截至2025年6月30日，该公司已与包括亚洲、欧洲及美洲主要市场85个国家的超过768个客户建立稳定的长 期合作关系。截至2025年6月30日，该公司的生物基产品主要包括氨基酸系列产品(主要为丙氨酸系列、L- 缬氨酸、色氨酸、精氨酸);维生素系列产品(主要为D-泛酸钙、D-泛醇、肌醇);及其他生物基产品(主要为生 物基新材料单体(1,3丙二醇及丁二酸)、苹果酸、熊果苷)等。该公司的生物基产品被广泛应用于各行各业， 包括动物营养、日化护理、食品和饮料、先进材料、植物营养等。 该公司采用发酵法与酶催化法两大绿色制造技术平台，围绕微生物细胞工厂为核心的发酵法生产工艺和以 酶催化为核心的酶法生产工艺，构建了涵盖菌株构建、智能化发酵、高效提纯分离、产品开发的核心技术 群。依托技术体系，该公司的生物制造方法以可再生生物资源替代传统化学合成工艺，借此减少污染、降 低能耗、最大限度减少碳足迹。 据招股书，作为全球合成生物技术的先行者，华恒生物专注于依托生物制造技术，开展生物基产品的研 ...

Core Viewpoint - The article discusses the signing of a cooperation agreement between Inner Mongolia Kailu County and Anhui Fengyuan Group for the establishment of a green zero-carbon bio-manufacturing industrial base, with a total investment of 15.5 billion yuan and projected annual sales revenue of approximately 26 billion yuan upon full production [2]. Group 1: Project Overview - The Fengyuan (Northern) Green Zero-Carbon Bio-Manufacturing Industrial Base Project includes three main sectors: amino acid series products, bio-materials, and bio-energy [2]. - The project is expected to generate an annual sales revenue of around 26 billion yuan once fully operational [2]. Group 2: Technological Innovations - Fengyuan Group has developed first and second-generation bio-manufacturing technologies, utilizing starch sugar and straw for sugar production, respectively [2]. - The company has established four major innovative technology platforms: 1. Technology for producing plant-based humic acid from cellulose derived from agricultural and forestry waste [2]. 2. Three bio-based material platform technologies, including polylactic acid, bio-based polyurethane, and bio-based polycarbonate [2]. 3. Three bio-energy manufacturing technologies, including cellulose ethanol, biodiesel, and bio-jet fuel [2]. 4. Downstream application technologies for bio-based materials, covering a wide range of products such as bio-fibers, bio-plastics, and bio-based construction materials [2]. Group 3: Company Background - Fengyuan Group is a mixed-ownership enterprise with state-owned shares, focusing on the R&D and industrialization of bio-chemicals, bio-materials, bio-energy, and bio-pharmaceuticals [3]. - The company controls Fengyuan Pharmaceutical and holds shares in Yunding Technology, along with several other subsidiaries in various sectors [3]. - Fengyuan Group has established bio-manufacturing plants in Thailand, Hungary, and Brazil, producing organic acids and amino acids for food and feed additives [3].

Core Viewpoint - The corn industry is a strategic pillar for China's food security, with significant growth in planting area, yield, and total production expected in 2024, despite short-term market adjustments due to international price fluctuations and rising costs [1][8][14]. Group 1: Industry Overview - The corn processing industry in China has developed a complete industrial chain, from primary processing to modern biobased material research, becoming a key hub for agricultural production and industrial manufacturing [1][5][14]. - Corn processing can be categorized into primary processing and deep processing, producing various products for food, feed, and industrial applications [2][3][5]. Group 2: Current Development Status - In 2024, China's corn planting area is projected to reach 44.74 million hectares, a year-on-year increase of 1.18%, with a yield of 439.4 kg/mu, contributing to a total production of 294.92 million tons, a 2.1% increase from the previous year [1][8][10]. - The total corn consumption in 2024 is expected to reach 31.78 million tons, with industrial consumption growing by 3.07% to 7.94 million tons, driven by innovations in deep processing [12][14]. Group 3: Market Trends - The corn deep processing market size is expected to adjust to 190 billion yuan in 2024, down 6.4% from its peak in 2022, but the long-term growth trend remains solid [1][14]. - The corn processing industry is transitioning towards green and low-carbon practices, focusing on high-value product development such as polylactic acid and functional sugars [24][25][26]. Group 4: Competitive Landscape - The corn deep processing industry in China has a tiered competitive structure, with leading companies like COFCO Technology and Meihua Biological occupying the top tier, focusing on high-value products [20][22]. - The market for corn starch is highly concentrated, with top companies holding over 44% market share, and there is a trend towards differentiation and expansion into biobased materials and other emerging fields [22][24].