科技创新是华宝股份当前最具辨识度的核心驱动力。近年来，公司持续保持行业领先的研发投入强度， 2025年前三季度研发投入达到10,490.98万元，近三年平均研发投入占营业收入比例均超过9%，为技术 突破奠定坚实基础。围绕"精准提取、生物酶解、生物发酵、纳米乳化、缓释包埋、剂型转化、非肉源 热反应"等关键领先技术，华宝股份不断夯实核心工艺与前沿技术储备，截至2025年6月30日，公司拥有 专利316项，其中发明专利176项，实用新型专利134项，外观设计专利6项，累计实现销售的香精配方总 数上万个。 在消费升级与产业技术革新浪潮交织的时代背景下，中国香精及配料行业正在进入从"规模竞争"走 向"科技驱动"的关键转型期。"健康中国2030"战略以及 "十五五"规划对新质生产力的部署，都推动行业 重心从传统制造向创新能力、技术平台和可持续发展体系转移。 作为行业龙头，华宝股份正依托系统化科技创新布局，全面强化"天然技术+数智化"能力，企业发展逻 辑正在完成一场深层次的战略跃迁。 一、科技创新体系持续深化：从技术突破迈向平台化能力建设 结语：科技驱动与品牌升级双轨并进，华宝加速迈向"十五五"新阶段 在夯实研发及数智化转 ...

证券日报网讯12月11日，华宝股份（300741）在互动平台回答投资者提问时表示，公司生产的日化香精 广泛应用于个人护理与化妆品等领域，关于含有公司香精成分的终端产品的具体功效与用途，请以其官 方说明与宣传为准。 ...

Core Viewpoint - The company, Huabao Co., Ltd. (300741), is committed to closely monitoring changes in policies and market environments while actively advancing its strategic planning and business expansion [1] Business Strategy - The company focuses on strengthening its industrial chain and upgrading core capabilities, emphasizing the integration of industrial resources through mergers and acquisitions [1] - There is a strong potential for development in the fields of food ingredients and daily chemical fragrances, which the company aims to fully leverage [1] - The company will continue to optimize its operational strategy to enhance overall corporate value [1] Compliance and Disclosure - The company will strictly adhere to regulatory requirements regarding information disclosure, especially in matters related to mergers and acquisitions [1]

Group 1 - The four major flavor and fragrance companies, DSM-Firmenich, Givaudan, IFF, and Symrise, reported strong financial performance in the first half of 2024, with total revenue exceeding 47.5 billion yuan [1][6][8] - Anhui Zhongcao Flavor Co., Ltd. successfully went public, indicating a surge in IPO activity among domestic flavor and fragrance companies [11][13] - Synthetic biology is gradually being integrated into the flavor and fragrance industry, potentially addressing issues such as raw material shortages, impure flavor profiles, and environmental pollution [3][17][19] Group 2 - The global flavor and fragrance market is highly competitive, with the four major companies holding approximately 50% of the market share, creating a monopolistic competition landscape [1][35][37] - The domestic flavor and fragrance industry in China is characterized by low concentration, with a focus on differentiation and niche markets [24][28] - The market size of China's flavor and fragrance industry is projected to reach 43.9 billion yuan, driven by industrialization and market demand [24][25] Group 3 - The online sales of perfume and fragrance products reached 17.963 billion yuan from August 2023 to August 2024, showing a year-on-year growth of 7.11% [2] - The demand for flavor and fragrance products is expected to grow significantly, with the Chinese fragrance market projected to reach 44 billion yuan by 2028 [25][28] - The trend of "self-care consumption" is emerging, with consumers increasingly seeking emotional value from fragrance products [46][49]

Core Insights - The company reported a mixed performance for the first half of 2025, with total revenue of 1.621 billion yuan, a year-on-year increase of 2.5% [1] - The flavor and food ingredients segment faced significant challenges, with revenue declining by 8.6% to approximately 596 million yuan, accounting for 36.7% of total revenue [1][3] - The tobacco raw materials segment achieved strong growth, with revenue increasing by 45.3% to 238 million yuan [1][4] - The fragrance raw materials segment saw revenue of 405 million yuan, a year-on-year increase of 7.6% [1][6] - The seasoning business remained stable, with revenue of 382 million yuan, roughly unchanged from the same period last year [1][6] Flavor and Food Ingredients Segment - The flavor and food ingredients segment experienced a significant decline in sales, with revenue down 8.6% to approximately 596 million yuan and operating profit dropping 86.4% to about 18.8 million yuan [3] - The operating profit margin fell from 21.1% to 3.2%, a decrease of 17.9 percentage points, primarily due to changes in product sales structure and a one-time expense of approximately 70.1 million yuan related to the termination of an equity incentive plan [3] - The company is actively exploring markets in Southeast Asia and the Middle East to address challenges in the tobacco flavor segment and is enhancing its technical capabilities in food flavoring [3] Tobacco Raw Materials Segment - The tobacco raw materials segment performed exceptionally well, with sales revenue of approximately 238 million yuan, a year-on-year increase of 45.3%, accounting for about 14.7% of total revenue [4] - The segment achieved an operating profit of approximately 31.3 million yuan, successfully turning a profit with an operating profit margin of 13.1% [4] - The new type of reconstituted tobacco leaf has become a key driver for business growth, with a production capacity of 3,000 tons established in Indonesia [4] Fragrance Raw Materials and Seasoning Segment - The fragrance raw materials segment reported sales revenue of approximately 405 million yuan, a year-on-year increase of 7.6%, and an operating profit of approximately 61.7 million yuan, significantly improving from a loss in the previous year [6] - The seasoning segment's revenue was approximately 382 million yuan, remaining stable compared to the previous year, with an operating profit of approximately 38.9 million yuan, a decrease of 29.8% [6] - The company is focusing on cost control and has successfully developed new domestic customers despite challenges in the overseas market due to tariff policies [6]