安琪酵母主要从事酵母、酵母衍生物及相关生物制品的开发、生产和经营。年报显示，2024年，公司总 产量达41.54万吨，同比增长10.21%，其中抽提物产量14.64万吨，同比增长5.63%。 糖蜜是生产酵母的主要原材料之一，其价格波动长期影响着公司成本和毛利率，公司此次拟收购晟通糖 业股权也与此相关。 公告显示，标的公司晟通糖业成立于2017年，注册地位于内蒙古自治区呼伦贝尔市，工厂占地面积 636.24亩，注册资本4亿元，是一家以甜菜制糖业为核心，以生物、信息和大型农机技术为支撑的现代 化国家级农业产业化龙头企业。 从股权结构来看，郑建臣持有晟通糖业90%股份，额尔古纳绿佳源投资开发有限公司（以下简称绿佳源 投资）持股10%。晟通糖业控股股东及实际控制人为郑建臣，绿佳源投资是额尔古纳市国资委的二级全 资子公司。 7月25日上午，安琪酵母工作人员向《每日经济新闻》记者透露，此次收购具有双重战略意义：其一， 晟通糖业作为效益良好的优质标的，获得当地政府政策支持，符合公司纵向整合产业链的战略需求；其 二，随着种植面积扩大，晟通糖业糖蜜年产能将进一步增加，将有助于推动安琪酵母在当地产能的建 设。 国内酵母行业龙头企 ...

Core Viewpoint - The article emphasizes the importance of sharing timely updates and insights within the baking industry, including supplier product information, service provider trends, educational training dynamics, industry events, and competition progress to facilitate better understanding and development of the sector [1][2]. Equipment - Key baking equipment includes: - Jin Cheng Refrigeration's cold bread display cabinet for fresh sales [10] - Han Bei's MASTER commercial oven designed for professional use [14] - San Neng's SN9108-4 football mold for efficient production of baked goods [17] - Ai Ze Sen's Wolverine 3088 integrated tea and coffee machine for precise grinding and brewing [20] - Xin Mai's shaping machine for dough [23] - Chen Pin's Mexican pastry skin production line with automated output [24] - Heng Lian's gas oven featuring advanced safety and efficiency [27] - Guangdong Yuan Bei's push cart fermentation box with precise temperature and humidity control [29] - Fuya's new fermentation system capable of processing up to 3000 kg per hour [32]. Raw Materials - Notable raw materials in the baking industry include: - Cargill's Baifu® butter, known for its rich flavor and quality [34] - Komei's red bean paste made using sake fermentation [36] - Nestlé's milk cheese cream for a light and sweet topping [38] - Ston’s bread improver for enhancing dough properties [42] - South Shun's barley bread premix with high fiber content [46] - Yantai Taihua's Japanese bread flour with excellent elasticity [50]. Service Provider Dynamics - Recent developments include: - New Zealand's Prime Minister's visit to China, promoting baking culture exchange [95] - Rui Ben Yun's product feature updates enhancing order management and customer engagement [97]. Education and Training - Upcoming educational opportunities include: - Le Cordon Bleu's short courses in July focusing on summer culinary experiences [99] - Wang Sen Education's new semester enrollment for various culinary programs [106]. - A baking training camp for competitions to enhance skills and knowledge [103]. Industry Events/Activities - Significant upcoming events include: - The 2025 Chengdu Hotel and Catering Exhibition scheduled for July 24-26, showcasing over 1500 exhibitors [115]. - The successful completion of the first Guangdong Youth Baking Skills Competition [117]. - The launch of the "Love True Cup" inaugural Chinese Baking Master Entrepreneur Competition aimed at fostering innovation in the industry [119].

Core Viewpoint - Yichang's GDP is projected to grow by 6.5% in 2024, surpassing 600 billion yuan for the first time, marking a significant economic milestone for the city [1][3] Group 1: Economic Growth and Development Strategies - Yichang has successfully transitioned from a traditional industrial city to a leading economic hub in Hubei province through strategic government initiatives and market interactions [3][4] - The "Four Major" promotion mechanism has been implemented to drive high-quality development, focusing on major strategies, industries, projects, and activities [4][6] - The city has adopted a "3+2" leading industry system, emphasizing modern chemical new materials, life health and food, and new energy and high-end equipment, while also developing big data and cultural tourism [6][7] Group 2: Infrastructure and Transportation - Yichang is enhancing its transportation infrastructure as part of the "Hub Empowerment" strategy, which includes the construction of high-speed rail and bridges to improve connectivity [10][13] - The city is expected to see a 18% increase in transportation fixed asset investment in 2024, with over 40% allocated to high-speed rail projects [11] - Yichang Port achieved a throughput of 149 million tons in 2024, ranking first in Hubei province, indicating significant improvements in water transport capabilities [11] Group 3: Industrial Transformation and Innovation - The city is focusing on integrating its chemical industry with new energy battery materials and high-end equipment manufacturing, creating a comprehensive industrial chain [7][9] - Yichang's approach to industrial upgrading is based on leveraging existing resources and enhancing traditional advantages rather than starting anew [6][9] - The "Five Ones" industrial chain招商 mechanism promotes collaboration between government and enterprises, enhancing the city's manufacturing capabilities and global reach [7][9]

Core Viewpoint - The Shenzhen Stock Exchange has announced the termination of the listing of Hainan Puli Pharmaceutical Co., Ltd. due to significant financial fraud, which involved false reporting of profits totaling 669 million yuan over two years, constituting 73.83% of the reported profits for those years [1][3][5]. Financial Fraud Details - Puli Pharmaceutical falsely recognized sales revenue and profits by fabricating sales of finished and raw pharmaceutical products, leading to inflated revenues of 436 million yuan in 2021 and 456 million yuan in 2022, which represented 28.90% and 25.23% of the reported revenues for those years, respectively [4][5]. - The company also misreported revenues from trading activities, resulting in additional inflated revenues of 78 million yuan in 2021 and 59 million yuan in 2022, accounting for 5.17% and 3.28% of the reported revenues [4][5]. Regulatory Actions - Following the issuance of the administrative penalty decision by the China Securities Regulatory Commission (CSRC), the Shenzhen Stock Exchange initiated the process for terminating the listing of Puli Pharmaceutical's stock and convertible bonds [7][8]. - The stock was suspended from trading on March 24, 2025, with a closing price of 2.49 yuan per share and a total market value of 1.398 billion yuan [8]. Company Background - Puli Pharmaceutical, established in 1992, specializes in drug research, production, and sales, and was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in 2017 [8]. Ongoing Investigations and Consequences - The CSRC has indicated that administrative penalties and forced delisting are not the end of the matter, as they will pursue comprehensive accountability for those involved in the financial fraud [12]. - The CSRC has also emphasized the importance of protecting investors' rights and will assist affected investors through various legal means [12].