Angel Yeast to Invest 880 Million Yuan in Indonesian Yeast Facility
Angel Yeast Co.,Ltd. (600298.SH): The Indonesian company plans to implement a yeast production project with an annual output of 20,000 tons for 0.88 billion yuan.
On February 28, GLONG Hui announced that Angel Yeast Co., Ltd. (600298.SH) plans to optimize its Global yeast production layout and accelerate the advancement of its Global Strategy. Its subsidiary PT ANGELYEAST BUDI INDONESIA (hereinafter referred to as the Indonesia company) intends to invest in a yeast production project with an annual output of 0.02 million tons. The total estimated investment for the project is 880 million yuan, of which 511.34 million yuan will be financed through loans and other means, while 368.66 million yuan will be funded by the Indonesia company's own resources, with specific conditions subject to actual circumstances. The Indonesia company plans to purchase land in the central and southern part of South Sumatra, Indonesia, near the joint venture partner's sugar cane factory.
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Angel Yeast Co., Ltd's (SHSE:600298) Largest Shareholders Are Retail Investors With 41% Ownership, Private Companies Own 39%
Angel Yeast Co.,Ltd. (600298.SH): Currently, the company's 2024 Stock-based Incentive plan requires a 10% growth in main Business revenue for 2025.
On January 6th, Gelonghui reported that Angel Yeast Co.,Ltd. (600298.SH) recently stated during a survey with institutional investors that currently, the company's 2024 Stock-based Incentive plan has a growth requirement of 10% for the main business revenue in 2025. Specific revenue and profit targets are still in the formulation stage, and detailed information will be disclosed in subsequent announcements by the company. In the future, the company will focus on the strategic goal of becoming the "Global leading yeast enterprise and an international first-class Biotechnology company," striving to enhance the quality and efficiency of the entire value chain including R&D, manufacturing, marketing, and services, to achieve steady performance improvement.
Angel Yeast Co.,Ltd. (600298.SH): The company believes that the future development prospects of the yeast extract market are promising.
On January 6, Gelonghui reported that Angel Yeast Co.,Ltd. (600298.SH) recently stated during an institutional investor survey that the company believes the future development prospects of the yeast extract market are good. As a natural food ingredient, the market demand for yeast extract is expected to continue growing as Consumer awareness of healthy eating increases. In the future, the company will actively expand the application scenarios of yeast extract, increase its coverage in domestic and international markets, further consolidate its competitive advantage in the Industry, and promote long-term stable development of its Business.
Angel Yeast Co.,Ltd. (600298.SH): The overall operation situation in the fourth quarter continued the growth trend of the first three quarters.
Gelonghui, January 6th - Angel Yeast Co., Ltd. (600298.SH) recently stated during a reception for institutional investors that the company achieved revenue of 10.912 billion yuan in the first three quarters of 2024, an increase of 13.04% year-on-year, and a net income attributable to shareholders of 0.953 billion yuan, an increase of 4.23% year-on-year. The overall operation of the company in the fourth quarter continued the growth trend of the previous three quarters. Since the beginning of 2024, the company has steadfastly adhered to international development, focusing on enhancing customer value and meeting consumer needs, and actively expanding the market. The overseas market share reached a record high in 2024, while continually consolidating the domestic market.
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Angel Yeast Co., Ltd. Report for the third quarter of 2024
Angel Yeast Co., Ltd. announced regular industry-related operating data for the first three quarters of 2024