Core Viewpoint - Lianhua Holdings has announced a significant increase in net profit for the first half of 2025, projecting a year-on-year growth of over 50%, yet has not issued any dividends despite strong performance [1][2]. Group 1: Financial Performance - For the first half of 2025, Lianhua Holdings expects a net profit between 160 million to 170 million yuan, representing a year-on-year increase of 58.67% to 68.59% [2]. - The company achieved a net profit of 130 million yuan in 2023, marking a year-on-year growth of 181.26%, and 203 million yuan in 2024, with a growth of 55.92% [2]. - The revenue for 2023 was 2.101 billion yuan, up 24.23%, and for 2024, it was 2.646 billion yuan, an increase of 25.98% [2]. Group 2: Product Development and Strategy - The high growth in 2025 is attributed to the successful development and sales of new products, with several new offerings like Matsutake Fresh and Premium Brewed Soy Sauce seeing revenue growth exceeding 100% [2]. - Lianhua Holdings underwent significant strategic changes post-restructuring in 2019, focusing on governance, credit repair, strategic restructuring, and product innovation [3]. - The company launched a "Brand Revival Strategy" in 2022, emphasizing youthfulness, digitalization, internationalization, and innovation [3]. Group 3: Stock Performance - Following its restructuring, Lianhua Holdings' stock price has seen substantial growth, with a peak increase of over six times from its lowest point in 2019 [4]. - The stock price reached a high of 8.24 yuan in 2023, with a dynamic price-to-earnings ratio exceeding 160 times [4]. - As of July 11, 2025, the closing price was 6.23 yuan, with a dynamic P/E ratio of 43.94 times [4]. Group 4: Dividend Policy - Lianhua Holdings has only issued cash dividends once since its listing in 1998, in 2001, and has not distributed dividends since its restructuring in 2019 [6][7]. - The company's retained earnings have remained negative since 2010, with a deficit of 1.32 billion yuan in 2010 and worsening to 1.176 billion yuan by 2024 [6][7]. - The company's dividend policy stipulates that dividends can only be distributed if there are positive retained earnings, making short-term dividends unlikely [7].

梅花生物 20250709 摘要 公司近期完成了对协和发酵的收购，收购价格低于市场预期。这一收购补齐了 公司在医药氨基酸领域的短板，并新增了一部分产品业务管线，有助于应对海 外频发贸易壁垒，实现出海布局，从而开拓第二成长曲线。 梅花生物作为氨基酸行业龙头，受益于国内豆粕减量替代政策和动物蛋 白需求增长，尽管行业景气度当前较低，但公司现金流和造血能力依然 强劲，巩固了其市场地位。 公司完成对协和发酵的收购，低于市场预期，补齐了医药氨基酸短板， 新增产品线，有助于应对海外贸易壁垒，实现出海布局，开拓第二增长 曲线，提升盈利能力。 梅花生物重视股东回报，通过分红和持续回购兑现股东权益，过去三年 每年维持 20 亿以上的回购加分红金额，资本开支克制，盈利基础支持 持续回报。 公司业务以氨基酸产品为主，覆盖动物营养、食品味觉优化、人类医用 营养及胶体多糖，广泛应用于油气开采、食品添加、医疗美容等领域， 产品结构多元。 公司去年新增 60 万吨赖氨酸产能预计今年 10 月投产，并计划扩张苏氨 酸产能，但需结合市场情况决定，整体扩产节奏克制，销量持续增长， 强化龙头地位。 Q&A 梅花生物的主要业务和产品有哪些？ 梅花生物 ...

Core Viewpoint - The announcement from the Bengbu Market Supervision Administration reveals the results of food safety inspections, indicating that out of 188 batches tested, 179 were compliant while 9 were found to be non-compliant, highlighting ongoing food safety concerns in the region [2][11]. Summary by Categories Inspection Results - A total of 188 batches of various food products were sampled, including convenience foods, sugar, starch products, canned goods, beverages, condiments, and more [2]. - Among these, 179 batches were found to be compliant with national food safety standards, while 9 batches were deemed non-compliant [2]. Non-Compliant Products - Specific non-compliant products include: - Chopsticks used at Jin Feng Restaurant and Hot Spicy Era Hotpot, both found to contain anionic synthetic detergents exceeding safety standards [3][4]. - Star Anise sold at Century Hualian Supermarket, with sulfur dioxide residue exceeding the limit [5]. - Small Tai Mango sold at Jingyou Fresh Supermarket, containing pyraclostrobin above the permissible level [6]. - Yam sold at Meiyijia Supermarket and Yimufang Tian Fresh Supermarket, both containing excessive levels of mefenoxam and manganese mefenoxam [7][8]. - Fish sold at Sifang Lake Aquatic Store and Bullfrog at Qunli Street Farmers Market, both containing enrofloxacin above the safety threshold [9][10]. - Yangmei sold at Happy Purchase Supermarket, found to contain sodium saccharin, which is prohibited [11]. Regulatory Actions - The local market supervision authorities have mandated the responsible parties to trace the distribution of the non-compliant products, recall them, and take corrective actions to mitigate risks [11].

庆云县市场监督管理局食品安全监督抽检信息通告2025年第3期（总第94期） 根据《中华人民共和国食品安全法》及其实施条例等有关规定和庆云县市场监督管理局2025年度食品安全监督抽检计划安排，为进一步保障食品安全，庆云 县市场监督管理局对饼干、炒货食品及坚果制品、淀粉及淀粉制品、罐头、食糖、水果制品、水产制品、方便食品、豆制品、糕点、粮食加工品、肉制品、 乳制品、食用农产品、食用油、油脂及其制品、速冻食品、酒类、餐饮食品、蔬菜制品、薯类和膨化食品、饮料、调味品等共22大类合计177批次的食品进 行了监督抽检，其中抽检项目合格的产品171次，不合格产品6批次。 本次监督抽检不合格产品存在的主要问题: 抽检食品检验项目噻虫胺、联苯菊酯、山梨酸及其钾盐(以山梨酸计)等不符合国家食品安全标准要求。 对本公告附件所列监督抽检不合格产品及其生产经营企业，庆云县市场监督管理局已依法组织进行查处。 特此公告。 | （声明：以下信息仅指本次抽检标称的生产企业相关产品的生产日期/批号和所检项目） | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- ...

"联名团品赠周边玩法体验感很好，能有效吸引年轻群体消费，对工作日生意也有一定程度的提升"，俄 士厨房相关负责人表示。作为全国连锁西餐头部品牌，俄士厨房在活动中上线了199元工作日联名双人 餐，核销即赠"内心小孩"联名摇摇乐周边。该双人餐拉动门店Z世代人群占比提升10%，工作日交易份 额提升8%。活动中还有"内心小孩"招牌菜品创意物料落地北京合生汇店、合肥银泰中心店、深圳皇庭 广场店，吸引了大量用户打卡消费。同时，近百条达人探店视频扩大了联名活动声量。 据了解，"食力去班味"活动是抖音生活服务发起的美食活动，以吃喝等消费热点，与热门IP、热门餐饮 商户联动，探索场景化营销，为用户奉上有趣、实惠的消费新体验。目前，"食力去班味X内心小孩"为 商家带来的生意增量在持续显现。例如，7月老字号企业北京稻香村将结合内心小孩与稻香村四大金刚 产品"牛舌饼""枣花酥""黑麻椒盐""山楂锅盔"，展开联名礼盒售卖，并随礼盒赠送内心小孩联名周边礼 品。更多活动中通过"内心小孩"形象被记住的门店，也将有机会迎来长期的生意增长。 线上，活动上线会场，按"一人食""双人餐""喝小酒""下午茶"等消费场景向用户推荐周边门店。抖音用 户搜索 ...

Group 1 - The announcement from Jiaxing Xiuzhou District Market Supervision Administration reports that 102 samples from 15 categories of food products were tested, and all samples passed the food safety national standards [2][3][4] - The tested categories include grain products, edible oils, vegetable products, fruit products, candy, frozen foods, catering foods, biscuits, beverages, condiments, pastries, meat products, dairy products, alcoholic beverages, and edible agricultural products [2][3] - The report includes a detailed list of compliant products, specifying the name of the manufacturer, product specifications, and production dates [2][3][4] Group 2 - The tested products include various types of noodles, oils, and snacks, with specific brands such as "Keming Noodles" and "Yihai Kerry" [2][3][4] - The compliance of all tested samples indicates a positive trend in food safety within the region, reflecting effective regulatory measures [2][3] - The report serves as a transparency measure for consumers, ensuring that the food products available in the market meet safety standards [2][3][4]

7月2日，越南工贸部发布公告，对原产于中国和印度尼西亚的味精作出反倾销第一次日落复审肯定性终 裁，决定继续对涉案产品征收为期五年的反倾销税，其中，中国为3,396,156～6,385,289越南盾/吨、印 尼为5,289,439越南盾/吨。措施自2025年7月23日起生效，有效期至2030年7月22日。 ...

特此通告。 铜陵市市场监督管理局 2025年6月24日 | 监督抽检产品合格信息 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 序 | | | 被抽样单 | | 规格型 | 生产日 | | 备 | | 标称生产企业名称 号 | 标称生产企业地址 | 被抽样单位名称 | 位所在省 | 食品名称 | 号 | 期/批 | 分类 | 注 | | | | | 份 | | | 号 | | | | 1 马鞍山铭味食品有限 | 安徽省马鞍山市和县经济开发区 | | | | 散装称 | 2024- | 淀粉及 | / | | 公司 | 黄庄路 | 铜陵市郊区桃富商场 | 安徽 | 粉丝（粉条） | 重 | 10-28 | 淀粉制 | | | | | | | | | | 品 | | | 2 安徽麦德发食品有限 | 安徽省阜阳市颍东开发区阜蚌路 | 铜陵市郊区周小平小店 | 安徽 | 徽铭味萝卜头 | 300克/ | 2024- | 蔬菜制 | / | | 公司 | 999号 | | | | 袋 | 07-03 | 品 | | ...

Core Business Strategy - The company will firmly implement the "231" industrial development strategy, focusing on "animal nutrition, food seasoning, and value chain extension" as its two core businesses [1] - The company aims to strengthen its animal nutrition, food additives, and seasoning sectors while promoting breakthroughs in three innovative fields: biomedicine, human nutrition and health, and plant nutrition [1] Financial Performance - In 2024, the company achieved operating revenue of 17.334 billion yuan and a net profit attributable to shareholders of 943 million yuan, representing a year-on-year growth of 39.12% [1] - In the first quarter of 2025, the company reported operating revenue of 4.039 billion yuan and a net profit attributable to shareholders of 474 million yuan, showing a year-on-year increase of 88.55% [1] Production Capacity and Market Position - The company ranks among the top producers globally in core products such as lysine, threonine, monosodium glutamate, and nucleotides, with both production capacity and technology levels leading the industry [1] - The company is investing in a 600,000-ton corn deep processing and cogeneration project in Xinjiang, which is currently under construction and will primarily produce small-volume amino acid products [2] Project Investments - The company plans to invest no more than 3.3 billion yuan in a 450,000-ton amino acid and supporting engineering project, with funding sourced from its own capital and bank loans, each accounting for approximately 50% [2] - The construction period for the amino acid project is expected to be 22 months [2] Market Conditions - The company acknowledges that product sales prices are influenced by raw material costs, market supply and demand, and industry competition, leading to some volatility [2] - The company is focused on enhancing product competitiveness through cost reduction and efficiency improvement, leveraging its large-scale production capabilities [2]

截至2025年6月27日收盘，星湖科技（600866）报收于6.93元，较上周的7.33元下跌5.46%。本周，星湖 科技6月25日盘中最高价报7.07元。6月23日盘中最低价报6.81元。星湖科技当前最新总市值115.14亿 元，在化学制品板块市值排名25/169，在两市A股市值排名1404/5151。 本周关注点 机构调研要点 问：大盘屡创新高，而公司股价从年内最高点己下跌10%，是不是二季度经营业绩发生了？公司如何采 取措施，振二级市场的信心？答：公司目前生产经营情况正常，二季度的具体经营情况请关注公司的半 年度报告。股市的二级市场股价表现受宏观经济、市场流动性、投资者偏好等多重因素影响，具有不确 定性。公司重视投资者回报，坚持稳健经营，努力推动公司高质量发展。 问：（项目经济效益：经公司内部测算，基于当前市场销售价格和生产成本估算，预估项目达产后在满 产满销的情况下，预计可实现年销售收入约39亿元，毛利率约10%，全部动态投资回收期约5年（不含 建设期）。）请董秘按照目前味精的报价，公司味精的毛利率有10%吗？答：公司主营产品毛利率请参 见公司2024年年度报告第三节管理层讨论与分析之"五、报告期内主 ...