证券代码：920786 证券简称：骑士乳业 公告编号：2025-117 4.发出董事会会议通知的时间和方式：2025 年 11 月 25 日以微信方式发出 5.会议主持人：董事长 党涌涛 6.开情况合法合规的说明： 内蒙古骑士乳业集团股份有限公司 第六届董事会第二十七次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 11 月 26 日 2.会议召开地点：公司大会议室、腾讯会议 3.会议召开方式：现场及通讯方式 本次会议的召开符合《中华人民共和国公司法》、《内蒙古骑士乳业集团股份 有限公司章程》、《董事会议事规则》和有关法律、法规规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事张振华、李华峰、付明月因工作原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于公司募投项目结项并将节余募集资金永久补充流动资金的 议案》 1.议案内容： 鉴于公司募集资金投资项目"骑士乳业奶牛 ...

Market Overview - The beverage and dairy sector increased by 1.88% on November 28, with Yantang Dairy leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Notable stock performances include: - Caobo Dao V (002732) rose by 9.99% to a closing price of 20.03, with a trading volume of 163,400 shares and a turnover of 322 million yuan [1] - Sunshine Dairy (001318) also increased by 9.99% to 15.97, with a trading volume of 126,000 shares and a turnover of 198 million yuan [1] - Panda Dairy (300898) saw a 5.90% increase, closing at 29.42 with a trading volume of 151,100 shares and a turnover of 441 million yuan [1] Capital Flow - The beverage and dairy sector experienced a net inflow of 433 million yuan from institutional investors, while retail investors saw a net outflow of 284 million yuan [2] - Key stocks in terms of capital flow include: - Yili Group (600887) had a net inflow of 117 million yuan from institutional investors, but a net outflow of 130 million yuan from retail investors [3] - Sunshine Dairy (001318) had a net inflow of 91 million yuan from institutional investors, with significant outflows from both retail and speculative investors [3]

Core Insights - The dairy sector in the A-share market experienced a collective decline, with several companies seeing significant drops in their stock prices [1] Company Performance - Sanyuan Foods (三元股份) saw a decline of 7.99%, with a total market capitalization of 83.07 billion [2] - Nanchao Foods (南侨食品) dropped by 7.80%, with a market cap of 82.23 billion [2] - Pinwo Foods (品渥食品) fell by 4.67%, with a market value of 34.07 billion [2] - Miaokelando (妙可蓝多) decreased by 3.93%, with a market capitalization of 13 billion [2] - Huangshi Group (皇氏集团) declined by 3.61%, with a market cap of 31.13 billion [2] - Maijuer (麦趣尔) fell by 3.18%, with a market value of 16.42 billion [2] - Yiming Foods (一鸣食品) decreased by 3.08%, with a market capitalization of 85.77 billion [2] - Zhuangyuan Pasture (庄园牧场) dropped by 3.08%, with a market cap of 21.55 billion [2] - Junyao Health (均瑶健康) fell by 2.93%, with a market value of 45.82 billion [2] - Western Pastoral (西部牧业) decreased by 2.92%, with a market capitalization of 23.88 billion [2] - New Dairy (新乳业) dropped by 2.80%, with a market cap of 149 billion [2] - Knight Dairy (骑士乳业) fell by 2.66%, with a market value of 20.68 billion [2] - Panda Dairy (熊猫乳品) decreased by 2.56%, with a market capitalization of 34.45 billion [2] - Wewei Co. (维维股份) dropped by 2.50%, with a market cap of 56.76 billion [2]

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The company has shown significant growth in revenue and net profit for the first three quarters of 2025, with revenue reaching 914 million yuan, a year-on-year increase of 24.01%, and net profit attributable to the parent company at 39.09 million yuan, a year-on-year increase of 281.30% [1] - The subsidiary, Kubuchi Animal Husbandry, is gradually starting production, which is expected to enhance profitability [1] - The company is expanding its community group buying and supermarket channels, which is anticipated to further boost sales [2] Financial Summary - For 2025, the company forecasts net profit attributable to the parent company to be 77 million yuan, 105 million yuan, and 136 million yuan for the years 2025, 2026, and 2027 respectively, with corresponding EPS of 0.37, 0.50, and 0.65 yuan per share [1][5] - The projected P/E ratios for 2025, 2026, and 2027 are 27.8, 20.4, and 15.8 times respectively [1][5] - The company’s revenue is expected to grow from 1.4 billion yuan in 2025 to 1.8 billion yuan in 2027, reflecting a compound annual growth rate [5][7] Market Conditions - The domestic dairy industry is currently characterized by a "strong supply, weak demand" situation, which is expected to continue affecting raw milk prices [3] - The company is actively engaging in community group buying platforms and expanding into well-known supermarket chains, which may help mitigate some of the supply-demand pressures [2]

Market Overview - The beverage and dairy sector experienced a decline of 0.54% on the trading day, with Junyao Health leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the beverage and dairy sector included: - Weiweijia (600300) with a closing price of 3.47, up 2.97% [1] - New Dairy (002946) at 17.01, up 2.47% [1] - Yili (600887) at 27.36, up 0.66% with a transaction volume of 621,200 shares and a transaction value of 1.702 billion [1] - Major decliners included: - Junyao Health (605388) at 7.13, down 3.52% [2] - Happy Home (300997) at 16.62, down 3.26% [2] - Beiyinmei (002570) at 6.28, down 2.64% with a transaction value of 305 million [2] Capital Flow - The beverage and dairy sector saw a net inflow of 193 million from institutional investors, while retail investors experienced a net outflow of 39.39 million [2] - The capital flow for key stocks showed: - Yili (600887) had a net inflow of 285 million from institutional investors, but a net outflow of 172 million from retail investors [3] - Chengde Lululemon (000848) had a net inflow of 42.62 million from institutional investors, with a net outflow of 5.37 million from retail investors [3] - Miao Ke Lan Duo (600882) had a net inflow of 20.36 million from institutional investors, but a significant net outflow of 29.61 million from retail investors [3]

证券代码：920786 证券简称：骑士乳业 公告编号：2025-115 内蒙古骑士乳业集团股份有限公司 第六届董事会第二十六次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 10 月 25 日 2.会议召开地点：公司大会议室、腾讯会议 3.会议召开方式：现场及通讯方式 4.发出董事会会议通知的时间和方式：2025 年 10 月 22 日以微信方式发出 5.会议主持人：董事长 党涌涛 本次会议的召开符合《中华人民共和国公司法》、《内蒙古骑士乳业集团股份 有限公司章程》、《董事会议事规则》和有关法律、法规规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 独立董事张振华、李华峰、付明月因工作原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《公司 2025 年三季度报告》 1.议案内容： 具体内容详见公司在北京证券交易所信息披露平台（www.bse.cn）披露的 《2025 年三季 ...

截至 2025 年 10 月 17 日，公司已将用于暂时补充流动资金的 9,600 万元全 部归还至募集资金专用账户，使用期限自公司董事会审议通过之日起未超过 12 个月。公司已将上述募集资金归还情况及时通知保荐机构国融证券股份有限公司 及保荐代表人。 证券代码：920786 证券简称：骑士乳业 公告编号：2025-114 内蒙古骑士乳业集团股份有限公司 关于闲置募集资金暂时补充流动资金归还的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担 个别及连带法律责任。 内蒙古骑士乳业集团股份有限公司（以下简称"公司"）于 2024 年 11 月 1 日召开第六届董事会第十六次会议、第六届监事会第十四次会议，审议通过了《关 于拟使用部分闲置募集资金暂时用于补充流动资金的议案》，同意公司使用最高 额度不超过人民币 9,600 万元（含本数）的闲置募集资金暂时用于补充流动资金， 使用期限自董事会审议通过之日起不超过 12 个月。具体内容详见公司于 2024 年 11 月 1 日在北京证券交易所信息披露平台（https://www. ...