智通财经APP讯，蒙牛乳业(02319)发布公告，于2025年11月27日，该公司斥资299.82万港元回购20万股 股份，每股回购价14.96-15.04港元。 （原标题：蒙牛乳业(02319)11月27日斥资299.82万港元回购20万股） ...

蒙牛乳业(02319)发布公告，于2025年11月27日，该公司斥资299.82万港元回购20万股股份，每股回购价 14.96-15.04港元。 ...

格隆汇11月27日丨蒙牛乳业(02319.HK)公告，11月27日耗资299.82万港元回购20万股，每股回购价 14.96-15.04港元。 ...

FF305 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02319 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年11月26日 | | 3,893,202,513 | | 0 | | 3,893,202,513 | | 1). 其他 (請註明) | | | | % | | | | | 見B部份 | | | | | | | | | 變動日期 | 2025年11月27日 | | | | | | ...

Group 1 - The company, Mengniu Dairy (02319), announced a share buyback plan [1] - The company will spend HKD 2.9507 million to repurchase 200,000 shares [1] - The buyback is scheduled for November 26, 2025 [1]

Core Viewpoint - Mengniu Dairy (02319.HK) has been actively repurchasing its shares, indicating a potential confidence in its stock value and future performance [1] Group 1: Share Buyback Activity - On November 26, Mengniu Dairy spent HKD 2.951 million to repurchase 200,000 shares [1] - On November 25, the company spent HKD 2.9098 million to repurchase another 200,000 shares [1]

Core Viewpoint - Mengniu Dairy (02319) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company will repurchase 200,000 shares at a total cost of HKD 2.9507 million [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國蒙牛乳業有限公司 呈交日期： 2025年11月26日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02319 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫 ...

Core Viewpoint - The launch of the new national treasure IP characters "Rui Rui" and "En En" by Mengniu's infant formula brand Rui Bu En at the "2025 Panda Carnival Gala" highlights the brand's commitment to both cultural heritage and child care, emphasizing its "national treasure-level care" philosophy [1][4][9] Group 1: Brand and Product Development - The new IP characters "Rui Rui" and "En En" were designed by Liu Pingyun, a prominent figure in contemporary Chinese visual arts, who has previously created notable designs such as the Winter Olympics mascot "Bing Dwen Dwen" [4][5] - The design of "En En" incorporates elements inspired by the natural characteristics of newborn pandas, while "Rui Rui" features a hairstyle that symbolizes the brand's commitment to scientific care for children's growth [4][6] Group 2: Social Responsibility and Cultural Significance - Rui Bu En's initiative connects the protection of giant pandas with the care for children, establishing a narrative that resonates with national sentiment and family values [5][6] - Since 2020, Rui Bu En has been involved in a public welfare project supporting the protection of giant pandas, demonstrating the brand's social responsibility [6] Group 3: Scientific Innovation - Rui Bu En has made significant advancements in research and development, including the introduction of the innovative ingredient "Maternal Source MLCT" in its infant formula, which aligns with the new national standards [6][9] - The brand has also become the first domestic dairy brand to self-develop and produce HMOs, addressing critical supply chain challenges and gaining FDA certification [6][9]

Core Viewpoint - The report from Guotou Securities emphasizes the importance of consumption in economic growth, predicting a stabilization in the consumption fundamentals in 2026, which presents a significant opportunity for investment in the food and beverage industry [1] Group 1: Alcohol Industry - The liquor sector is at a cyclical bottom, with low expectations, low holdings, and low valuations, suggesting potential for left-side layout opportunities [2] - The rapid clearing of financial reports in the past two quarters indicates a resolution of supply-demand conflicts, with a gradual recovery in household consumption expected [2] - The white liquor business model remains strong, and with a potential economic recovery, valuations are likely to rebound quickly [2] Group 2: Beer Industry - The beer sector is expected to maintain a structural market in 2026, with investment opportunities in companies with strong single-product growth logic and those benefiting from competitor adjustments [3] - Overall profitability in the beer sector is on an upward trend, driven by the expansion of products priced between 8-10 yuan and improved efficiency from lean management [3] Group 3: Dairy Industry - The dairy sector is positioned for a turnaround in the raw milk cycle in 2026, with a focus on the profitability elasticity of the dairy supply chain [4] - Demand for dairy products has shown differentiation, with low-temperature fresh milk and cheese experiencing healthy growth, while room temperature liquid milk has been a drag [4] - The average milk price in major production areas is expected to recover above the average cost of production in 2026, making it an opportune time to invest in the dairy supply chain [4] Group 4: Soft Drink Industry - The soft drink sector has seen significant performance differentiation, with companies in strong growth categories leading the industry [5] - In 2026, there is a focus on functional beverages and the competitive landscape of packaged water, with an emphasis on companies introducing new products [5] - The demand for low-sugar functional beverages is anticipated to grow, particularly among white-collar workers seeking fatigue-relief options [5] Group 5: Snack Industry - The snack sector is benefiting from strong new channel drivers, with expectations of improved gross and net profit margins due to scale effects [6] - The konjac product category is maintaining high market interest, with significant growth potential in China [6] - Investment recommendations include focusing on companies with strong performance during the adjustment period and those with leading products in the snack sector [6]