人民财讯12月19日电，12月19日，胡润研究院发布《2025胡润中国食品行业百强榜》，安德利果汁、优 然牧业、中国食品、巨星农牧、椰树、京基智农、五得利面粉、现代牧业等8家企业新进入榜单。 转自：证券时报 ...

誠 如 該 公 告 所 載，現 代 牧 業 控 股 通 函（載 有（其 中 包 括）(i)購股協議及要約項下擬 進行交易的進一步詳情；(ii)召開現代牧業控股股東特別大會的通告；及(iii)上 市 規 則 規 定 的 其 他 資 料）預 計 將 寄 發 予 現 代 牧 業 控 股 股 東。由 於 需 要 更 多 時 間 編 製 將 載 入 現 代 牧 業 控 股 通 函 的 資 料，預 計 現 代 牧 業 控 股 通 函 將 於 二 零 二 五 年 十 二 月三十一日或之前寄發。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 現 代 牧 業 控 股 或 中 國 聖 牧 證 券 的 邀 請 或 要 約，亦 不 在 任 何 司 法 權 區 構 成 任 何 投 票 或 批 准 的 招 攬。本 公 告 不 會 於 或向構成違反相關司法權區相關法律的任何司法權區發佈、刊發或派發。 Chi ...

Market Performance - The Hong Kong and A-share markets saw a significant rise in baby and child-related stocks, particularly in the dairy sector, with several companies hitting their daily limit up [1] - In A-shares, companies such as Huangshi Group, Junyao Health, Nanjiao Food, and Sunshine Dairy reached their daily limit, while Knight Dairy rose over 8% [1] - In Hong Kong stocks, Youran Dairy increased by over 7%, Modern Dairy by over 3%, and Mengniu Dairy by 1% [1][3] Policy Impact - The recent surge in the market is attributed to a major signal released during the National Medical Security Work Conference on December 13, which stated the goal of achieving "no out-of-pocket" expenses for childbirth within the policy scope by 2026 [3] - The government is actively implementing a series of supportive policies for childbirth, including extended maternity leave, childcare subsidies, and educational housing support, to create a more favorable environment for childbirth [4] - The implementation of a national childcare subsidy system is set to begin on January 1, 2025, providing annual subsidies of 3,600 yuan per child under three years old [4][5] Demographic Trends - The national birth population is projected to reach 9.54 million in 2024, marking the first increase since 2017, although the overall population continues to decline [8] - The birth population for 2025 is expected to range between 7 million and 8.71 million, potentially hitting a record low since 1950 [8] - The central government's focus on stabilizing the birth population indicates a commitment to enhancing fertility policies, which may lead to increased demand in the maternal and infant sectors [6][8] Industry Outlook - The new policies are expected to directly benefit sectors such as assisted reproduction and obstetric healthcare, while also providing sustained advantages to the maternal and infant consumption industry chain, including retail, food, and supplies [8] - Analysts suggest that the government's financial support and the anticipated increase in newborns will boost consumer confidence and improve demand for infant formula products [8]

Market Overview - The Hong Kong stock market faced downward pressure, with the Hang Seng Index falling by 1.34% to 25,628.88 points, and a total trading volume of HKD 204.29 billion [1] - The Hang Seng China Enterprises Index dropped by 1.78% to 8,917.7 points, while the Hang Seng Tech Index decreased by 2.48% to 5,498.42 points [1] Blue-Chip Stocks Performance - Li Ning (02331) led the blue-chip stocks, rising by 5.43% to HKD 18.64, contributing 3.53 points to the Hang Seng Index [2] - New Oriental-S (09901) increased by 2.81% to HKD 43.2, contributing 1.46 points, while China Ping An (02318) rose by 2.35% to HKD 65.25, contributing 16.07 points [2] - Hansoh Pharmaceutical (03692) fell by 7.58% to HKD 39.74, negatively impacting the index by 7.88 points, and SMIC (00981) dropped by 4.43% to HKD 64.7, contributing a decline of 21.64 points [2] Sector Performance - Major technology stocks generally declined, with Alibaba down by 3.57% and Tencent by 2.11%, amid renewed concerns over an AI bubble following disappointing earnings from leading AI companies [3] - Gold stocks saw significant gains as international gold prices approached historical highs, with Zijin Mining (02259) rising by 7.76% to HKD 158.4 [3] - Dairy stocks also performed well, with Yurun Dairy (09858) increasing by 7.67% to HKD 4.63, supported by favorable policies for childbirth [4] Insurance Sector - The insurance sector showed strong performance, with China Ping An (02318) reaching a four-year high, rising by 2.35% to HKD 65.25 [5] - Other insurers like New China Life (01336) and China Pacific Insurance (02601) also saw gains, attributed to regulatory changes that allow for more long-term investment funds [5][6] Notable Stock Movements - CloudTop New Horizon (01952) rose by 4.55% to HKD 46.88, with significant insider buying reported [7] - Sanhua Intelligent Control (02050) faced pressure, dropping by 7.25% to HKD 33.78, ahead of a significant unlock of cornerstone investor shares [8]

Group 1 - The dairy sector in Hong Kong and A-shares experienced a collective surge, with companies like Yurun Dairy (up 9.07%) and Modern Dairy (up 5.07%) leading the gains, driven by multiple factors including market rotation, consumption recovery, and expectations around fertility policies [1] - The National Medical Security Administration announced measures aimed at achieving "no out-of-pocket" expenses for childbirth by 2026, which could lower childbirth costs and boost demand for maternal and infant dairy products [1] - The Ministry of Commerce emphasized the need for stronger collaboration between business and finance to stimulate consumption, which is expected to inject recovery momentum into the dairy sector as consumer willingness and capacity improve [2] Group 2 - The dairy industry is anticipated to undergo a cyclical reversal, with previous pressures on dairy companies' performance easing as the dairy farming sector enters a transformative phase, potentially leading to a supply-demand turning point by 2026 [3] - According to Guotai Junan Securities, the milk price has shown signs of recovery due to seasonal supply-demand mismatches, with the overall supply-demand situation improving, and domestic raw milk self-sufficiency exceeding 70% [3] - CITIC Securities noted that the average milk price in major production areas remained stable at 3.02 yuan/kg, with expectations of a price turning point approaching by 2026, which could enhance the performance of upstream dairy farming and midstream dairy companies [4] Group 3 - Investment recommendations include focusing on leading companies like Yili and Mengniu, which are at historically low valuation levels and have the potential to increase market share while ensuring shareholder returns through dividends [4] - New Dairy Industry is highlighted for its profit elasticity and alignment with current consumption trends, while Miaokelando is recognized as a leading cheese brand with promising growth prospects in the high-growth segment of dairy products [4]

Group 1 - The dairy stocks are performing actively, with YouRan Dairy (09858) up 6.98% at HKD 4.6, Modern Dairy (01117) up 4.35% at HKD 1.44, China Feihe (06186) up 2.18% at HKD 4.21, and Mengniu Dairy (02319) up 1.71% at HKD 14.88 [1] - The National Medical Security Work Conference held on December 13 in Beijing announced multiple data and measures, aiming for "no out-of-pocket" expenses for childbirth within the policy scope by 2026 [1] - A notice from the Ministry of Commerce and other departments on December 14 emphasized strengthening the synergy between commerce and finance to boost consumption [1] Group 2 - According to a report from Kaiyuan Securities, 2026 may mark a turning point for supply and demand in the dairy industry, indicating a good opportunity for left-side layout as the industry fundamentals are nearing the bottom [1] - The current decline in liquid milk demand is narrowing, and the decrease in dairy cow inventory is improving supply and demand dynamics, with the pace of milk price decline slowing [1] - It is expected that milk prices may stop falling and recover by 2026, with both liquid milk volume and price likely to rebound simultaneously, suggesting investment opportunities in leading dairy farms and processing companies [1]

Group 1 - The dairy sector stocks are showing active performance with notable increases in share prices for several companies [1] - You Ran Mu Ye (09858.HK) has risen by 6.98%, reaching HKD 4.6 [1] - Modern Mu Ye (01117.HK) has increased by 4.35%, now priced at HKD 1.44 [1] - China Feihe (06186.HK) has seen a rise of 2.18%, trading at HKD 4.21 [1] - Mengniu Dairy (02319.HK) has gained 1.71%, with a current price of HKD 14.88 [1]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 乳业股早盘表现活跃，截至发稿，优然牧业（09858）上涨7.91%，报4.64港元；现代牧业（01117）上 涨4.35%，报1.44港元；中国飞鹤（06186）上涨1.70%，报4.19港元；蒙牛乳业（02319）上涨1.09%， 报14.79港元。 责任编辑：卢昱君 乳业股早盘表现活跃，截至发稿，优然牧业（09858）上涨7.91%，报4.64港元；现代牧业（01117）上 涨4.35%，报1.44港元；中国飞鹤（06186）上涨1.70%，报4.19港元；蒙牛乳业（02319）上涨1.09%， 报14.79港元。 责任编辑：卢昱君 ...

Group 1 - Dairy stocks are performing actively, with Yurun Dairy (09858) up 6.98% at HKD 4.6, Modern Dairy (01117) up 4.35% at HKD 1.44, China Feihe (06186) up 2.18% at HKD 4.21, and Mengniu Dairy (02319) up 1.71% at HKD 14.88 [1] - The National Medical Insurance Administration announced measures aiming for "no out-of-pocket" expenses for childbirth within the policy scope by 2026 during a meeting held on December 13 [1] - A report from Open Source Securities indicates that 2026 may mark a turning point for the dairy industry, suggesting that the current phase presents a good opportunity for investment as the industry fundamentals are nearing the bottom [1] Group 2 - The report highlights that the demand decline for liquid milk is slowing, and the decrease in dairy cow inventory is improving supply and demand dynamics [1] - The pace of milk price decline is expected to slow, with projections indicating that milk prices may stop falling and begin to recover by 2026, leading to a potential simultaneous rebound in both liquid milk volume and price [1] - The report recommends focusing on investment opportunities in leading dairy farms and dairy product processing companies [1]

Group 1 - The dairy sector is experiencing active stock performance, with notable increases in share prices for companies such as YouRan Dairy (+6.98% to HKD 4.6), Modern Dairy (+4.35% to HKD 1.44), China Feihe (+2.18% to HKD 4.21), and Mengniu Dairy (+1.71% to HKD 14.88) [1] - The National Medical Insurance Administration announced measures aiming for "no out-of-pocket" expenses for childbirth within policy coverage by 2026, which may positively impact the dairy industry by increasing demand for dairy products among new mothers [1] - A report from Kaiyuan Securities indicates that 2026 could mark a turning point for supply and demand in the dairy industry, suggesting that the current period presents a good opportunity for investment as the industry fundamentals approach a bottom [1] Group 2 - The report highlights that the decline in liquid milk demand is slowing, and a decrease in dairy cow inventory is expected to improve supply and demand dynamics [1] - The pace of milk price decline is expected to slow, with projections indicating that milk prices may stabilize and begin to rise by 2026, leading to a potential recovery in both volume and price of liquid milk [1] - The report recommends focusing on investment opportunities in leading dairy farms and dairy product processing companies as the market conditions improve [1]