Investment highlights:
1, brand advantage: In 2007, Angel brand active yeast won the "China Famous Trademark", and Angel brand once again entered the top 500 most valuable trademarks in China and the top 500 famous scientific and technological brands in China. The company was also named 28th in the "Top 100 Board Governance" of listed companies in China.
2. Independent innovation: the company's professional and technical personnel account for 70% of the company's total number, and the proportion of scientific research funds is increasing year by year. Company * * * undertakes 38 national, provincial and ministerial scientific research projects, and has successively established extensive cooperative relations with world-renowned bioengineering companies such as Institute of Microbiology of Chinese Academy of Sciences, Wuhan Institute of Virology of Chinese Academy of Sciences, Dutch GB, etc., and has developed more than 200 varieties of more than 30 products in six categories, more than 20 core technologies with independent intellectual property rights, and obtained patents 19 1 item. In 2005, the company's technology center was recognized as a national enterprise technology center.
3. Sino-foreign joint venture: In June 2006, the company invested 35 million yuan to establish Angel Yeast (Chongzuo) Co., Ltd. (accounting for 70%) with Hong Kong East Asia Real Estate Co., Ltd., and it invested in a new dry yeast production line project. The overall plan is to produce dry yeast10.5 million tons per year, and the annual production capacity of the first phase is 6,000 tons. East Asia Real Estate was invested and established by Thailand Liang Yi Sugar Co., Ltd., and East Asia Real Estate invested and established Guangxi Nanning East Asia Sugar Group.
Risk warning:
1. The decline in gross profit margin of the company's products was mainly caused by the accelerated appreciation of RMB.