Company Study of Angel Yeast Co., Ltd, 2009 Yeast is mainly applied for food ferment, seasonings and feedstuff additive. In China, the market capacity is about 250,000 tons annually, while the output is only about 90,000-100,000 tons per year, less than 1/3 of the potential demand. With the increasing growth of fermented food consumption such as bread, and the growth in the demand for deep-processed products like yeast extract, the potential of yeast market will get developed, and the output of yeast companies will be further expanded. The world’s largest yeast manufacturers, Lesaffre, AB Mauri, Angel Yeast and DSM, the output capacity of which respectively is 250,000 tons, 200,000 tons, 90,000 tons and 90,000 tons (after reconstruction), and the total output capacity accounts for more than 60% in the world. However, Angel Yeast has accounted for over 50% of output capacity in China’s total, and its yeast output CAGR was 25.5% during 2001-2008. Main Business Revenue and Net Profit of Angel Yeast, 2005-2008 With the output capacity growth, the sales revenue of Angel Yeast has increased yearly, while the growth margin of net profit is slower than that of revenue. In 2009, its procurement cost of raw materials (mainly sirup) increases and preferential tax policies will decrease after 2010, both of which will impact on its profitability. According to the market demand, it is likely to expand output capacity (via setting up new plants or acquisitions), or invest to establish plants in foreign countries. In addition, it will continue to enlarge export. Source: cnlist.com; ResearchInChina Based on the data from authorities like the Ministry of Agriculture, Guangxi Economic Commission, Nanning Angel Yeast has six production lines in China, respectively located in Yichang, Yili Xinjiang, Chifeng Inner Mongolia, Binzhou Shandong, Sui County Henan, and Congzuo Guangxi. Currently, Congzuo production line is under reconstruction, and expected to be completed in July, 2009. Considering such factors as the distance between plant and raw material producing area, export convenience, income tax policy in processing area, it has increased its output capacity in Yili and Congzuo recently. (China- ASEAN) Commodity Exchange, and financial statements of key companies, the report makes an indepth analysis on the status quo of global and China’s yeast industry, rivals of Angel Yeast, as well as the market position and advantages & disadvantages of Angel Yeast in China. Table of Contents • 1 Company Profile • 2 Yeast Industry • 2.1 Yeast Classification and Application • 2.2 Global Yeast Industry • 2.3 China’s Yeast Industry • 2.3.1 Supply and Demand • 2.3.2 Competition • 3 Angel Yeast • 3.1 Output Capacity • 3.2 Income Tax Preferential • 3.3 Profit • 3.4 Cost • 3.5 Export • 4 Summary Selected Charts • • • • • • • • • • • • • • • • • • Angel Yeast Product Series Technical Strength of Key Yeast Producers in Fields Main Applications of Yeast Extract World’s Key Yeast Manufacturers China’s Yeast Market Scale (forecast) Key Yeast Manufacturers and Production Capacity, as of May, 2009 AB Mauri Companies and Business in China Output Capacity Growth of Angel Yeast Plants by Region, 2007-2009 Output Capacity Growth of Angel Yeast, 1993-2009 Subsidiaries of Angel Yeast Angel Yeast Tax Rate by Region Real Income Tax Rate of Angel Yeast, 2005-2008 Main Business Revenue and Net Profit of Angel Yeast, 2005-2008 Total Profit and Minority Interest Income of Angel Yeast, 2005-2008 Equity Structure of Angel Yeast Subsidiaries in Yili, Chifeng and Congzuo Yeast Production Cost Structure Main Business Cost Rate of Angel Yeast, 2005-2008 Export and Home Sales Revenue of Angel Yeast, 2002-2008 How to Buy Product details How to Order USD Single user 399 Enterprisewide 599 File PDF PDF Publication date: Jun. 2009 By email: report@researchinchina.com By fax: 86-10-82600829 By online: www.researchinchina.com For more information, call our office in Beijing, China: Tel: 86-10-82600828 Website: www.researchinchina.com