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Angel Yeast's latest announcement: it is planned to build a new 40,000 tons of molasses storage tanks and storage supporting projects

Angel Yeast announced that in order to further promote the healthy development of Angel Yeast (Chifeng) Co., Ltd. (hereinafter referred to as Chifeng Company), a wholly-owned subsidiary of the company, and ensure the supply of molasses raw materials, it is planned to build a new 40,000 tons of molasses storage tanks and storage supporting projects.

Angel Yeast's 2021 interim report shows that the company's main revenue was 5.234 billion yuan, up 20.55% year-on-year; net profit attributable to the mother was 828 million yuan, up 15.14% year-on-year; deducting non-net profit was 726 million yuan, up 8.49% year-on-year; among them, in the second quarter of 2021, the company's single-quarter main revenue was 2.578 billion yuan, up 12.5% year-on-year; single-quarter net profit attributable to the mother was 386 million yuan, down 7.19% year-on-year. In the single quarter, the non-net profit was 312 million yuan, down 19.78% year-on-year; the debt ratio was 43.04%, the investment income was -827,500 yuan, the financial expense was 29.4595 million yuan, and the gross profit margin was 31.84%.

In the past 90 days, a total of 11 institutions have given ratings, 8 buy ratings and 3 overweight ratings; the target average price of institutions in the past 90 days is 65.84; the net outflow of financing in the past 3 months is 169 million, and the financing balance is reduced; the net outflow of margin is 2.5706 million, and the balance of margin is reduced. The Securities Star Valuation Analysis Tool shows that Angel Yeast (600298) has a good company rating of 4.5 stars, a good price rating of 3 stars, and a valuation comprehensive rating of 4 stars.

The chairman of the company is Xiong Tao. Xiong Tao: Male, Han ethnicity, born in May 1968, Hubei Ziguiren, bachelor degree, senior engineer of high vocational education, member of the Communist Party of China. In 1990, he joined the work and successively worked in Hubei Yichang Phosphating Group Company, SDIC Yuanyi Co., Ltd. and other companies, successively serving as manager and deputy general manager; Successively served as the general manager, chairman and general manager of Yichang Chuphos Chemical Co., Ltd.; Director and Executive Deputy General Manager of Hubei Xingfa Chemical Group Co., Ltd. He is currently a member of the Party Committee, Deputy Secretary (leading the work), Director, Vice Chairman and Deputy General Manager of Hubei Angel Biological Group Co., Ltd.; Member of the Party Committee and Secretary of Angel Yeast Co., Ltd. He is currently a director of Angel Yeast Co., Ltd. In August 2019, he was appointed as the director, chairman and legal representative of Angel Yeast Co., Ltd.

This article is compiled by the Securities Star Data Center based on publicly available data and does not constitute investment opinions or suggestions, if there are any problems in the text, please contact us.

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