Angel Yeast Co., Ltd ("Angel Yeast")(en.angelyeast.com), a listed high-tech 
yeast company in China, today announces its first-half fiscal year 2021 
financial and business results ending June 30, 2021. 

Highlights of the report:

- H1 revenue increased 20.55% year-on-year to RMB 5.234 billion ($810 million) 
- Net profit attributable to shareholders of listed companies rose by 15.14% 
year-on-year to RMB 828 million ($128 million) 
- Earnings per share (EPS) reached 0.9939 yuan, 13.93% year-on-year growth 
- Robust performance of eight business units including baking, yeast extract 
(YE)-savory and microbial nutrition helped exceed the H1 target ahead of time, 
with OEM and trade achieving an outstanding growth rate of 40% 
- The output of fermentation products was 12% higher than the same period last 
year

"Angel Yeast's performance in H1 remained strong despite the lingering effects 
of the COVID-19 pandemic and the challenge of increasing costs. Our revenue 
ended well above our target for H1, and this positive result has placed us in a 
very good position of achieving our final goal of the year. We are confident 
that the strong momentum recorded in the first half of 2021 will continue 
throughout the rest of the year, supporting the growth trend across all our 
business units," said Xiao Minghua, General Manager of Angel Yeast.

Committed to becoming a global innovation powerhouse for biotechnology, Angel 
Yeast has established itself as a leader of the industry, becoming the 
third-largest yeast company in the world. Now, Angel Yeast has set up 12 
factories across the globe and has expanded its global presence to more than150 
countries and regions.

In addition to Angel Yeast's solid business performance, H1 has witnessed the 
company making significant stride in pursuing technological innovation. In the 
first half of 2021, Angel Yeast filed for 21 patents, of which 12 were granted. 
It has also established an R&D institute and platform led by industry experts 
and top-notch scientists, formulated industry benchmarks and standards for 
yeast products and yeast green factories.

For years, digital transformation has been at the forefront of Angel Yeast's 
business strategy, and 2021 marks another milestone in the company's long-term 
effort of digitizing its business operations. During the reporting period, 
Angel optimized its marketing and sales channels with digital tools, 
strengthened its cybersecurity, as well as promoted smart manufacturing by 
adopting a manufacturing execution system (MES) and setting up an industrial 
database.

The outstanding performance of Angel Yeast's business operations in H1 comes as 
the company's international and domestic expansion has achieved exceptional 
success. Angel Yeast's products, of which 95% are self-developed, tops the 
market share in 15 countries. 

About Angel Yeast

Founded in 1986, Angel Yeast Co., Ltd specializes in the production of yeast 
and yeast derivatives. Its product range includes baker's yeast and 
ingredients, Chinese dim sum solutions, yeast extract-savory, human health, 
animal nutrition, plant care, brewing & biofuels, microbial nutrition, and 
enzymes. At present, Angel Yeast has 11 international advanced production bases 
in China, Egypt, and Russia, and provides products and services for more than 
150 countries and regions globally.

SOURCE: Angel Yeast