On August 25, Angel Yeast released its semi-annual report 2023. In the first half of 2023, Angel achieved a revenue of 6.714 billion yuan, an increase of 10.23% compared to the same period last year. The net-profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of Angel was 611 million yuan, an increase of 2.63% compared to the same period last year.

The company actively responded to the challenges of sluggish terminal consumption and insufficient downstream demand, taking the market as the center and seizing opportunities to promote transformation, and went all out to grasp various operations and management.

Stable Increase in Yeast Yield

In the first half of the year, the company's yeast fermentation output was 183,000 tons, a year-on-year increase of 8.9%, and new production lines such as Yichang Company and Pu'er Company achieved stable production. Through optimizing the planning and scheduling, Angel carefully does a good job in the connection between production and marketing, and smoothly solves the problem of ensuring the supply of multiple special varieties of products. The company takes the "5G + Industrial Internet" smart factory as the standard to complete the construction and acceptance of multiple factory information infrastructure.

The company's quality management has been continuously upgraded, completing the revision of small packaging sugar, pest and foreign matter control, and baking application experimental capacity construction. OEM on-site supervision has been strictly implemented, and the one-time pass rate of leading products has exceeded 99.5%.

Growth in International Market

Angel achieved a revenue of 6.714 billion yuan, an increase of 10.23% compared to the same period last year. The company's businesses focus on customer needs and comprehensively sink into the market. By actively participating in exhibitions and industry activities, strengthening large user visits, and promoting terminal promotion, Angel's sales management has been strengthened, and multiple measures are taken to expand the market. The net-profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of Angel was 611 million yuan, an increase of 2.63% compared to the same period last year.

Steady Progress of Key Projects

In terms of basic research and development, Angel has carried out the development and process research of special strains in various fields, completed the construction of multiple R&D platforms such as the development of strain resources, completed the pre-declaration of 4 national key research and development plan projects, and authorized 16 invention patents. The identification of "construction and industrial application of the main functional microbial resource library of Chinese traditional rice and flour fermented products" has reached the international leading level.

In terms of engineering construction, a number of projects including the productions of new enzyme preparations in Xiaoting district, compound microbial preparations in the park factory, and high-nucleic acid yeast in Binzhou city were officially put into operation. Three projects, including Binzhou yeast culture green manufacturing and pilot platform for high-value utilization of biomass in Yichang, entered debugging. Many projects such as the expansion of Egyptian yeast products, Dehong extract manufacturing, Pu'er extract manufacturing, and Tieling solid fermented feed manufacturing are progressing steadily.

Optimization of Internal Management

In the first half of the year, Angel established the mechanisms of Group Project Construction Management and Major Risk Reporting and Processing Management, effectively ensuring the standardized operation of the company's production and operation; Angel also introduces highly educated talents, continues to promote the rejuvenation of the cadre team, and deepens the exchange of cadre rotation; And the company continuously improves the market-oriented operation mechanism, and leads enterprises to standardize governance, scientific and technological innovation, talent development, risk prevention and other aspects to a higher level.

Angel will continue to anchor the goal, strengthen confidence, firmly grasp the opportunity, and continue to adhere to the rules of market-centric and consumer-oriented. Around the overall idea of "stabilizing prices and increasing volume", there will always be cohesion and all-out from Angel.

About Angel:

Angel Yeast Company is a high-tech listed company specializing in yeast and biotech. Product business covers Yeast and Baking, Yeast Extract-Savoury, Nutrition & Health and Biotechnology fields. It is one of the world's leading companies in the yeast industry. Angel has 12 holding subsidiaries and provides products and services for more than 150 countries and regions.

http://en.angelyeast.com/

Press contact:

ANGEL YEAST CO., LTD

Address: 168 Chengdong Avenue, Yichang, Hubei 443003, P.R.China

Tel: +86-717-6369520, 6369558

Fax: +86-717-6370680

email: aie@angelyeast.com