瑞财经 吴文婷 近日，安徽雪郎生物科技股份有限公司（以下简称"雪郎生物"） 披露北交所IPO辅导工 作进展报告(第十期)，辅导机构为国投证券。 据了解，雪郎生物于2022年11月9日启动IPO辅导，而本期辅导时间为2025年1月1日至2025年3月31日。 雪郎生物的主营业务是研发、生产、销售功能性食品添加剂和生物降解材料。主要产品和服务为苹果 酸、天门冬氨酸、富马酸、可降解塑料袋、吸附剂B、丁二酸、降解塑料母粒、苹果酸钾。 李云政先生,1964年出生,中国国籍,无境外永久居留权,1985年北京理工大学 化工专业本科毕业,获得学士学位;1990年北京理工大学应用化学专业研究生毕业,获 博士学位。1990年至1992年担任北京理工大学材料科学研究中心讲师:1992年至1995 年担任北京理工大学材料科学研究中心副教授:1995年至 2012年担任北京理工大学材 料科学研究中心教授;2000年至今就职于南京国海生物工程有限公司,任董事长;现担 任安徽雪郎生物科技股份有限公司董事长,任职期间为 2011年11月20日至2014年11 月 19日。 股权方面，公司无控股股东，董事长李云政持股16.65%。 | 辅导对 ...

星湖科技4 月21 日发布24 年年报和25 年一季报：24 年营收173 亿元，同比-0.2%，归母净利9.4 亿元 （扣非后11.4 亿元），同比39%（扣非后同比57%），其中24Q4 归母净利2.7 亿元，同环比 +41%/+55%，24Q4 归母净利符合我们前瞻2.7 亿元的预期。拟每股派现0.38 元（含税），股利支付率 66.94%。25Q1 实现营收40 亿元，同环比-4%/-11%，归母净利4.7 亿元（扣非后4.6 亿元），同环比 89%/78%，25Q1 归母净利超过我们前瞻3亿元的预期，系成本改善、非经常性损益减少等影响。考虑豆 粕提价及减量替代需求下氨基酸景气有望改善，维持"买入"评级。 24 年氨基酸景气改善，味精跌价及非经常性损益拖累下全年净利仍创新高24 年饲料添加剂营收yoy+4% 至117 亿元，毛利率yoy+4.8pct 至17%，据博亚和讯，赖氨酸（98.5%）/赖氨酸（70%）/苏氨酸均价 10.5/5.3/11.0 元/kg ， yoy+11%/-9%/+1% ， 赖/ 苏氨酸综合价差2.4/3.8 元/kg ，yoy+94%/+60%；食品添 加剂营收yoy-13 ...

Group 1: Ganyuan Food (甘源食品) - Ganyuan Food plans to conduct in-depth research in the Southeast Asian market starting Q4 2024, with an accelerated product export strategy in 2025 [1] - The company is addressing raw material fluctuations through advance reserves, supply chain alternatives, and increasing direct procurement [1] - The growth in accounts receivable is primarily due to the staggered impact of the Spring Festival, leading to increased receivables during peak sales periods [1] - The comprehensive nut and bean snack series growth is attributed to bulk snack channels and overseas markets [1] - A significant promotional effort in Q1 2024 resulted in lower e-commerce gross margins, but gross margins are expected to rise year-on-year in Q1 2025 [1] - Sales expenses in Q1 2025 are expected to increase due to the initiation of the Southeast Asia export strategy, including market research, product design, and new celebrity endorsement fees [1] Group 2: Tianshan Aluminum (天山铝业) - Tianshan Aluminum provided detailed insights on alumina price trends, Indonesian project progress, high-purity aluminum sales, and aluminum foil capacity planning [2] - Alumina prices are expected to rise in 2024, followed by a decline in 2025 due to the release of new capacity [2] - The Indonesian bauxite mine has been successfully delivered, and the alumina project has received environmental approval [2] - High-purity aluminum sales increased by 50% year-on-year, and aluminum foil capacity is gradually expanding [2] - The company aims to maintain a debt-to-asset ratio around 40% and plans to distribute at least 30% of distributable profits as cash dividends over the next three years [2] - The company has set clear carbon emission targets, aiming for a 13.5% reduction in energy consumption per unit of output and an 18% reduction in CO2 emissions per unit product by the end of 2025 [2] Group 3: Longhua New Materials (隆华新材) - Longhua New Materials specializes in the large-scale production of polyether polyols and polyamide resins, focusing on high-performance and environmentally friendly new materials [3] - The company expects total revenue of approximately 5.62 billion yuan in 2024, a year-on-year increase of 12.01%, while net profit is projected to decline by 30.90% [3] - In Q1 2025, the company anticipates revenue of approximately 1.51 billion yuan, a year-on-year increase of 11.52%, with net profit expected to rise by 19.52% [3] - The polyether industry is in a mature phase with broad market applications, and the company has developed proprietary production processes and equipment [3] - Ongoing projects include a 330,000-ton polyether polyol expansion and the first phase of a nylon 66 project with a production capacity of 40,000 tons [3] - The company has a minimal direct export volume to the U.S. and plans to implement measures to address complex external environments [3]

Mergers and Acquisitions - Fosun Pharma's subsidiary plans to acquire 21,034,300 non-listed shares of Fuhong Hanlin at HKD 24.60 per share, totaling HKD 517 million, increasing its stake to 63.43% [1] - Xinle Energy's wholly-owned subsidiary intends to purchase a 3% stake in Beijing Zhouyuan for CNY 2.4 million, aimed at expanding its data center power market [2] - Zhejiang Yongqiang approved the acquisition of stakes in two companies from its subsidiary, involving CNY 19.41 million for a 2.718% stake in Yishang Travel and CNY 97.33 million for 25.0028% of Tengxuan Tourism Group [3] Performance Disclosure - Anji Food reported a revenue of CNY 607 million for 2024, a decrease of 4.06%, while net profit increased by 23.29% to CNY 38.33 million, attributed to slower recovery in the catering industry [4] - Yanjing Beer achieved a revenue of CNY 14.667 billion for 2024, a growth of 3.20%, with net profit rising 63.74% to CNY 1.056 billion, driven by increased sales of its flagship product [5] Share Buybacks - China Communications Construction Company plans to repurchase A-shares worth CNY 500 million to 1 billion, while its controlling shareholder intends to increase H-shares by CNY 250 million to 500 million [6] - Aohai Technology announced a share buyback plan of CNY 40 million to 80 million, targeting a price of up to CNY 59 per share [7] - Vanadium Titanium Co. plans to repurchase shares worth CNY 100 million to 200 million, with a maximum price of CNY 4.30 per share, while its controlling shareholder plans to increase holdings by CNY 50 million to 100 million [9] Stock Risk Warnings - Rock Shares will face delisting risk warnings due to negative net profit and insufficient revenue, with stock trading suspended for one day [11] - Greenland Holdings received an administrative penalty for failing to disclose litigation matters, leading to corrective measures from the Shanghai Securities Regulatory Bureau [12] - Shandong Huapeng reported a negative retained earnings of CNY 900 million and a debt ratio of 97.47%, indicating potential risks to its ongoing operations [13] - Aowei Communication anticipates a net loss of CNY 60 million to 90 million for 2024, which may trigger delisting risk warnings [14]

在包括渠道竞争加剧在内的多重挑战下，A股"粽子第一股"五芳斋2024年营收净利同比双降，其中，营收创上市后新低，整体业绩不如上市前。 财报显示，五芳斋2024年实现营业收入约22.51亿元，同比下滑14.57%；归属于上市公司股东的净利润约1.42亿元，同比下滑14.24%；归属于上市公司股 东的扣除非经常性损益的净利润约1.3亿元，同比下滑9.66%。 从产品结构来看，粽子依然是五芳斋的核心产品，在2024年产销双降，营收同比下滑18.64%，拖累了公司整体业绩。在大单品粽子之外，五芳斋打造以 月饼为主的烘焙产品为第二增长曲线，月饼系列在2024年创造了超过2亿元的营收，实现了3.46%的增长。 2025年，五芳斋计划提升渠道精细化运营能力、做宽产品价格带、多举措实现降本增效等。同时，加快布局国际业务，剑指食品老字号出海第一品牌。 主动收缩低效经销网络 五芳斋去年营收净利同比双降 2024年，五芳斋营收净利同比双降。财报显示，五芳斋去年营业收入同比下滑14.57%，归属于上市公司股东的净利润同比下滑14.24%，归属于上市公司 股东的扣除非经常性损益的净利润约同比下滑9.66%。 五芳斋表示，这一年，公司主 ...

2025年一季度，全国规模以上工业产能利用率为74.1%，比上年同期上升0.5个百分点。 分三大门类看，2025年一季度，采矿业产能利用率为74.6%，比上年同期下降0.4个百分点；制造业产能利用率为74.1%，上升0.3个百分点；电力、热力、燃 气及水生产和供应业产能利用率为73.6%，上升2.4个百分点。 分主要行业看，2025年一季度，煤炭开采和洗选业产能利用率为71.9%，食品制造业为69.3%，纺织业为77.8%，化学原料和化学制品制造业为73.5%，非金 属矿物制品业为60.9%，黑色金属冶炼和压延加工业为79.3%，有色金属冶炼和压延加工业为77.5%，通用设备制造业为78.1%，专用设备制造业为75.6%，汽 车制造业为71.9%，电气机械和器材制造业为71.7%，计算机、通信和其他电子设备制造业为74.7%。 | 2025年一季度规模以上工业产能利用率 | | --- | 产能利用率：是指实际产出与生产能力（均以价值量计量）的比率。 企业的实际产出是指企业报告期内的工业总产值；企业的生产能力是指报告期内，在劳动力、原材料、燃料、运输等保证供给的情况下，生产设备（机械） 保持正常运行，企业可实 ...

资金流向方面，今日主力资金净流入5687.48万元，占比成交额7.84%。其中，超大单净流入2402.74万 元、占成交额3.31%，大单净流入3284.74万元、占成交额4.53%，中单净流出流出1211.59万元、占成交 额1.67%，小单净流出4475.89万元、占成交额6.17%。 金融界消息 截至2025年4月14日收盘，妙可蓝多（600882）报收于27.99元，上涨8.49%，换手率 5.32%，成交量27.22万手，成交金额7.26亿元。 来源：金融界 妙可蓝多最新一期业绩显示，截至2024年报，公司营业总收入48.44亿元、同比减少8.99%，归属净利润 1.14亿元，同比增长89.16%，扣非净利润4691.93万元，同比增长554.27%，流动比率1.691、速动比率 1.424、资产负债率42.89%。 天眼查商业履历信息显示，上海妙可蓝多食品科技股份有限公司，成立于1988年，位于上海市，是一家 以从事食品制造业为主的企业。企业注册资本51379.1647万人民币，实缴资本51379.1647万人民币。公 司法定代表人为柴琇。 通过天眼查大数据分析，上海妙可蓝多食品科技股份有限公司共 ...

Core Viewpoint - Yantang Dairy is facing challenges as it reported a decline in both revenue and net profit in its annual report, raising concerns about its expansion plans amid an oversupplied dairy market and declining consumer demand [2][3][4]. Financial Performance - In 2024, Yantang Dairy achieved approximately 1.732 billion yuan in revenue, a year-on-year decrease of 11.18%, and a net profit of about 103 million yuan, down 43.03% year-on-year [3]. - This marks the second time since 2011 that Yantang Dairy has reported a year-on-year decline in revenue, with previous revenues from 2020 to 2024 being approximately 1.637 billion, 1.985 billion, 1.875 billion, 1.950 billion, and 1.732 billion yuan respectively [3]. Product Performance - Revenue from liquid milk, flavored milk, and yogurt drinks decreased by 13.94%, 14.15%, and 7% respectively [4]. - Sales volumes for flavored milk, yogurt drinks, and liquid milk also saw declines of 12.17%, 2.88%, and 9.98% respectively [4]. Market Strategy and Goals - Yantang Dairy aims to achieve a revenue target of 5 billion yuan by 2030, but recent performance suggests this goal is becoming increasingly difficult to reach [5]. - The company plans to develop a modern dairy industry group by focusing on five key areas: planting and breeding, food processing, marketing networks, logistics, and more [5]. Competitive Landscape - National dairy companies like Yili and Mengniu are aggressively competing in the market, particularly in Southern China, which has pressured Yantang Dairy's market share [6]. - Yantang Dairy's gross margin for its main business decreased by 0.6 percentage points to 25.18% in 2024, with offline channel sales also declining [6]. Expansion Plans - Yantang Dairy is pursuing expansion through the establishment of urban dairy industry clusters, including projects for a dairy research institute and modern processing facilities [8][9]. - Specific projects include a smart logistics center and a modern dairy processing plant with an expected annual production capacity of 91,800 tons [9]. Industry Challenges - The current oversupply in the dairy market poses significant challenges for Yantang Dairy's expansion strategy, as many companies are reducing production [10]. - Analysts suggest that Yantang Dairy should focus on enhancing its local market presence and product differentiation rather than blindly expanding capacity [10].

证券代码：603288 证券简称：海天味业 公告编号：2025-012 佛山市海天调味食品股份有限公司 续聘会计师事务所公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 拟续聘任的会计师事务所名称：毕马威华振会计师事务所（特殊普通合 伙） 一、拟聘任会计师事务所的基本情况 （一） 机构信息 毕马威华振会计师事务所于 1992 年 8 月 18 日在北京成立，于 2012 年 7 月 5 日获财政部批准转制为特殊普通合伙的合伙制企业，更名为毕马威华振会计师事 务所（特殊普通合伙）（以下简称"毕马威华振"），2012 年 7 月 10 日取得工商营业 执照，并于 2012 年 8 月 1 日正式运营。 毕马威华振总所位于北京，注册地址为北京市东城区东长安街 1 号东方广场 东 2 座办公楼 8 层。 毕马威华振的首席合伙人邹俊，中国国籍，具有中国注册会计师资格。 于 2024 年 12 月 31 日，毕马威华振有合伙人 241 人，注册会计师 1,309 人， 其中签署过证券服务业务审计报告的注册会计师超过 ...

贝克杰森（江苏）食品科技有限公司成立，注册资 本5000万人民币 天眼查App显示，近日，贝克杰森（江苏）食品科技有限公司成立，法定代表人为施建萍，注册资本 5000万人民币，廊坊贝克杰森食品有限公司、南通袁姐商贸有限公司持股。 经营范围含食品添加剂销售；宠物食品及用品批发；食品进出口；外卖递送服务；会议及展览服务；互 联网销售（除销售需要许可的商品）；总质量4.5吨及以下普通货运车辆道路货物运输（除网络货运和 危险货物）；塑料制品销售；信息咨询服务（不含许可类信息咨询服务）；食用农产品初加工；食用农 产品批发；普通货物仓储服务（不含危险化学品等需许可审批的项目）；进出口代理；货物进出口；技 术进出口；住房租赁；非居住房地产租赁；租赁服务（不含许可类租赁服务）；办公设备租赁服务；技 术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；信息技术咨询服务；农产品的生产、 销售、加工、运输、贮藏及其他相关服务；厨具卫具及日用杂品批发；日用百货销售；日用品批发；日 用杂品销售；竹制品销售；个人卫生用品销售；化妆品批发；美发饰品销售；日用杂品制造；卫生用品 和一次性使用医疗用品销售（除依法须经批准的项目外，凭营业 ...