Core Viewpoint - Anqi Yeast (600298) has achieved significant growth in both revenue and net profit for 2024, driven by robust overseas business expansion and effective operational strategies [1][2]. Group 1: Financial Performance - In 2024, Anqi Yeast reported a total revenue of 15.197 billion yuan, representing a year-on-year increase of 11.86% [1][2]. - The net profit attributable to shareholders reached 1.325 billion yuan, marking a growth of 4.07% compared to the previous year [1][2]. - Basic earnings per share increased by 4.73% to 1.55 yuan, while net cash flow from operating activities surged by 24.38% to 1.650 billion yuan [2]. Group 2: Production and Capacity - The total fermentation output of yeast reached 415,400 tons in 2024, reflecting a year-on-year growth of 10.21%, with extract production at 146,400 tons, up by 5.63% [2]. - Anqi Yeast operates 16 yeast factories across various locations in China and two overseas countries, with a total production capacity exceeding 450,000 tons [2]. Group 3: International Business Growth - International business revenue for Anqi Yeast grew by 19.36% in 2024, reaching 5.712 billion yuan, with overseas revenue accounting for over one-third of total revenue [3]. - The company has established a significant global presence, exporting products to over 170 countries and regions, with a global market share of 21.0% [3]. Group 4: Strategic Initiatives - Anqi Yeast plans to leverage its overseas subsidiaries to implement localized business strategies, enhance market team development, and respond swiftly to market demands [4].