近日，河北省科学技术厅公布2025年度科学技术奖评审结果，由河北养元智汇饮品股份有限公司（以下简称"六个核桃"）联合北京工商大学、中国林业科学 研究院林业研究所、衡水学院共同完成的《高品质核桃乳加工关键技术创新与产业化》项目，凭借突出的技术创新优势和显著的产业应用成效，荣获河北省 科学技术进步奖一等奖。此次获奖不仅是对企业持续创新的高度认可，更标志着我国核桃深加工产业在关键核心技术上取得重大突破。 FIN' 品质 全核桃CET冷萃技术, 科研人员通过独创的靶向脱离 有效去除核桃仁种皮的書涩物 完整保留了核桃的营养,□感 研发中心 下板桃 "5·3·28"生产工艺是六个核桃技术体系的重要基础。这项工艺于2005年问世，融合了5项专利、3项关键技术及28道生产流程，有效解决了传统核桃乳普遍存 在的口感难题。该技术去除了核桃乳的涩味与腻感，使产品从市场的小众选择转变为广受喜爱的大众饮品。 全核桃CET冷萃工艺则是六个核桃的重大创新。这项基于靶向技术的创新工艺，能够精准去除核桃仁种皮中的苦涩物质，最大化保留了核桃的原始风味与营 养精华。根据研究数据，通过CET冷萃工艺处理后的核桃乳，其营养吸收率可提升至超过97%，创 ...

Core Insights - The company Yango Beverage, known for its "Six Walnuts" product, is experiencing a significant decline in both revenue and profit, with a revenue of 2.465 billion yuan, down 16.19% year-on-year, and a net profit of 744 million yuan, down 27.76% year-on-year [1][2] - The once-popular walnut milk product is losing its appeal, leading to a search for new growth opportunities in sectors like semiconductors and AI [1][5] Revenue and Profit Decline - In the first half of 2025, the company reported a rare revenue decline of 19.7% in the first quarter, totaling 1.86 billion yuan, and a net profit drop of 26.95% to 642 million yuan, marking a five-year low [2][3] - Sales revenue across major regions, including Northeast, Northwest, East, and North China, saw significant declines, with drops of 40.64%, 36.62%, 22.35%, and 19.63% respectively [2] Marketing and R&D Strategy - The company increased its marketing expenses by 3.73% to 330 million yuan in the first half of 2025, but this led to a rise in the sales expense ratio from 10.81% to 13.37%, indicating diminishing returns on marketing investments [2][3] - In contrast, R&D expenses decreased by 11.2% to 18.36 million yuan, highlighting a strategic imbalance where marketing spending far exceeds R&D investment, with a ratio exceeding 20:1 from 2021 to 2024 [3] Diversification and Investment Strategy - To counteract declining sales, the company has diversified its investments into sectors like AI, new energy, and semiconductors, with significant cash reserves allocated to these areas [5][6] - The company has faced challenges with its investment returns, with a notable decline in investment income from 4.64 billion yuan in 2019 to just 219.61 million yuan in 2021, followed by consecutive losses in 2023 and 2024 [6][7] Market Reactions and Future Outlook - The company's cross-industry investment strategy has sparked discussions about the balance between core business development and diversification, especially as the beverage market faces shrinking demand [7] - The effectiveness of the company's approach to navigate its current challenges remains uncertain, as it seeks to balance traditional beverage operations with high-risk investments in unrelated sectors [7]