Angie Yeast plans to invest 797 million yuan to construct phase two of the Baiyang Biotechnology Science Park project, aiming to increase yeast protein production capacity.

MaticHoleFiller · 2026-03-26T02:52:54+00:00

Angel Yeast plans to invest 797.39 million yuan in the second phase of the Baiyang Biotechnology Science Park project to increase yeast protein production capacity to meet market demand. The project will have an annual output of 12,000 tons of high-purity yeast protein and 20,000 tons of environmentally friendly yeast protein, with construction expected to start in July 2026 and phased commissioning. The company will respond to market risks and control costs through technological innovation and supply chain optimization to strengthen its competitiveness.

MaticHoleFiller

2026-03-26 02:52:54

Abstract generation in progress

Beijing, March 18, 2026 — Angel Yeast Co., Ltd. (Stock Code: 600298, Stock Name: Angel Yeast) announced today that its controlling subsidiary, Angel Yeast (Yichang High-tech Zone) Co., Ltd. (hereinafter referred to as “Yichang High-tech Zone Company”), plans to invest 797.39 million yuan to implement the second phase of the Baiyang Biotechnology Park project, aimed at increasing yeast protein production capacity to meet market demand. The project is subject to approval by the company’s shareholders’ meeting and relevant authorities.

Project Overview and Investment Details

According to the announcement, the second phase of the Baiyang Biotechnology Park project mainly includes two core components: a project for the annual production of 12,000 tons of high-purity yeast protein and related products, and a green manufacturing project for 20,000 tons of yeast protein and related products. The site is located on reserved land of Yichang High-tech Zone Company, with construction expected to begin in July 2026 and phased commissioning: the 12,000-ton high-purity yeast protein project is planned to be completed in the first half of 2027, and the 20,000-ton green manufacturing project is expected to be operational in the first half of 2028.

Project Content	Specific Indicators
Total Investment	797.39 million yuan
Location	Reserved land of Yichang High-tech Zone Company
Main Construction Content	1. R&D for 12,000 tons/year of high-purity yeast protein and related products 2. Green manufacturing of 20,000 tons/year of yeast protein and related products
Expected Start Date	July 2026
Production Schedule	12,000-ton project: first half of 2027; 20,000-ton project: first half of 2028
Expected Return on Investment	12.12%
Funding Source	Self-financed by Yichang High-tech Zone Company (own funds + bank loans)

Strategic Significance and Feasibility Analysis

Angel Yeast stated that this investment is an important part of the company’s “14th Five-Year” strategic plan, aiming to expand yeast protein capacity and consolidate its leading position in the global yeast industry. The announcement notes that the project will leverage existing plant facilities to reduce construction costs, and key financial indicators (such as a 12.12% ROI) are above industry benchmarks, demonstrating strong financial feasibility.

From a market perspective, yeast protein is an important raw material in health foods, sports nutrition, and other fields, with demand growing rapidly. Through this expansion, Angel Yeast will further enhance its supply capabilities for top domestic and international clients, aligning with the company’s long-term goal of becoming “the world’s leading yeast company and a top-tier international biotech enterprise.”

Risk Warning and Countermeasures

The announcement also highlights potential risks, including lower-than-expected market sales and rising product costs. In response, the company has developed targeted strategies:

Market Risk Mitigation: Drive product innovation to improve offerings, optimize differentiated pricing, expand high-quality distributor resources, and focus on leading clients in sports nutrition and high-end health foods.
Cost Control Measures: Explore new raw materials and processes, establish strict cost management systems, optimize procurement procedures, deepen supplier cooperation, and improve production efficiency through technological innovation to reduce manufacturing costs.

Review Progress and Future Arrangements

The project has been approved by Angel Yeast’s 10th Ninth Board of Directors’ Strategy and Sustainability Committee and the 11th Board of Directors. Subsequent approval from the shareholders’ meeting and relevant government departments is required. Funding will be self-raised by Yichang High-tech Zone Company through own funds and bank loans.

Angel Yeast emphasizes that this investment does not involve related-party transactions or constitute a major asset restructuring. It aims to enhance the company’s sustainable profitability and overall competitiveness without harming the interests of the company or shareholders.

About Angel Yeast
Angel Yeast is a leading global producer of yeast and yeast derivatives, with products spanning baking, fermentation, nutrition and health, and bioenergy sectors, serving over 150 countries and regions worldwide.

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