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14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 ...

Investment Rating - The report does not explicitly provide an investment rating for the food and beverage industry Core Insights - The food and beverage industry is experiencing significant innovation and market shifts, particularly in health-oriented products and consumer preferences for low-sugar and functional beverages Industry Trends - Japanese market innovation in products like liquid ice cream and gout-relief yogurt highlights the importance of consumer-driven product development and emotional marketing, which can serve as a model for the Chinese market [2] - The Chinese medicinal food industry has surpassed 370 billion yuan, with a total industry valuation exceeding 2 trillion yuan, driven by health awareness and innovative product offerings [2] - The plant-based protein beverage market is seeing improved performance among leading companies, with notable revenue growth reported by Yangyuan Beverage and Chengde Lulu [4] - The emergence of HPP cold brew tea products is gaining traction among young consumers, despite high costs and niche market positioning [4] - A resurgence of sugary beverages is noted, with brands like Yuanqi Forest and Wahaha reintroducing sugar in their products, reflecting consumer preferences for taste alongside health [5] - The bottled water market is shifting from price competition to value competition, with brands like Nongfu Spring leveraging product innovation and channel expansion [6][7] - The market for sugar-free tea is evolving, with a growing demand for flavored and quality products among younger consumers [7] - The pet food market is expanding, with new brands entering the space and established companies diversifying their offerings to include fresh food options [8] - The plant milk market is projected to exceed 100 billion yuan, with B2B channels becoming crucial for growth [9] - New retail strategies are driving beverage innovation, with companies focusing on health, functionality, and emotional engagement [10] Brand Dynamics - Mondelez International reported a 5.9% revenue increase, but faced challenges in the Chinese market due to consumer confidence issues [14] - Xu Fu Ji's sports scene marketing has led to the success of its Meilu energy biscuits, tapping into the growing demand for sports nutrition [15] - Coca-Cola's third-quarter results showed a 5% revenue increase, driven by the popularity of sugar-free products [16] - Yangyuan Beverage is enhancing its leadership in the plant-based protein beverage sector through product innovation and channel restructuring [17] - The introduction of low-sugar snacks by brands like Holley has responded to rising health consciousness among consumers [18] - Mengniu's milk powder business has achieved double-digit growth by addressing diverse consumer needs across different age groups [19] - Chengde Lulu is pivoting towards herbal water products to counteract declining revenues in the plant-based beverage market [20] - New麦食品 is leveraging digital transformation to become a benchmark in the baking industry, focusing on fresh, preservative-free products [21] - The entry of brands like Guozi Shule into the craft beer market reflects a trend of category fusion in the beverage industry [22] - Dongpeng's electrolyte drink brand "Buhua" is rapidly growing, posing competition to established brands like Yuanqi Forest [23]

Group 1 - Chery Automobile issued an apology following an incident during a test at Tianmen Mountain, where a vehicle crashed into a guardrail due to a safety failure, highlighting insufficient risk assessment and detail management in the testing process [2][3] - The incident has sparked widespread discussion online, with Chery committing to repair the damage and take responsibility for the aftermath [3] Group 2 - The extradition of She Zhijiang, a leader of a cross-border gambling and fraud group, back to China was completed, with the group operating 239 illegal gambling websites and involving over 2.7 trillion yuan [6] - Luckin Coffee's CEO announced preparations for a relisting on the US stock market, indicating a strategic move to regain market presence [7] Group 3 - Microsoft plans to leverage its access to OpenAI's custom chip technology to enhance its internal chip development efforts, with a long-term agreement allowing access to OpenAI's models until 2032 [11] - Xiaomi has recruited former DeepSeek researcher Luo Fuli to lead its AI model team, aiming to develop advanced AI technologies [12] Group 4 - A significant Bitcoin money laundering case in the UK resulted in a sentence of 11 years and 8 months for a Chinese woman involved in laundering approximately 61,000 Bitcoins, valued at nearly 50 billion pounds [15] - ByteDance terminated a researcher from its large model team due to multiple leaks, emphasizing the importance of confidentiality in tech development [16] Group 5 - The "Baibaojun" high-return investment scheme by ZhongAn Insurance faced backlash after failing to deliver promised returns, with the company stating it had divested from the scheme and is now a victim of the situation [29] - New regulations for coronary heart disease insurance reimbursement in China are set to significantly reduce patient financial burdens, expected to save over 12 billion yuan annually [31]

国际奥委会主席考文垂访华期间，11日专程来到位于内蒙古呼和浩特的蒙牛集团总部，参观了蒙牛现代化乳业生产基地。双方就推动体育与营养融合、可持 续发展等关键议题展开了深入交流，并共同期待2026年米兰-科尔蒂纳丹佩佐冬奥会的举办。 考文垂对蒙牛的治沙成果给予高度评价。她表示，作为全球乳业领军企业，蒙牛不仅为消费者奉献营养健康的乳制品，还积极投身环境保护行动。期待未来 双方携手开展更多合作，通过运动与营养的融合，为推动体育事业发展、增进人类福祉贡献更大力量。 蒙牛集团总裁高飞表示，作为乳业首个奥林匹克全球合作伙伴（TOP），蒙牛积极倡导奥林匹克价值观，将乌兰布和荒漠治理与产业发展深度融合，打造沙 漠有机生态产业链，为全球"生态产业化、产业生态化"提供了乳业样本。未来，蒙牛将继续承担TOP合作伙伴的责任，推动其在可持续发展层面的各项努 力，为奥林匹克运动的可持续发展和全球体育事业积极贡献蒙牛力量。 乌兰布和位于内蒙古自治区境内，是中国第八大沙漠。作为内蒙古成长起来的企业，蒙牛自2009年开始，携手多方力量在此开展沙漠治理，通过十多年的坚 守与耕耘，累计种植9800万棵沙生植物，绿化沙漠面积超 220 平方公里，将这片 ...

Core Points - The visit of IOC President Thomas Bach to the headquarters of Mengniu Group highlights the company's commitment to sustainable practices and community engagement [1] - Mengniu has planted 98 million desert plants in the Ulan Buh Desert, covering over 220 square kilometers, showcasing its efforts in desertification control [1] - Bach emphasized that Mengniu's respect for land, products, and communities aligns with the IOC's values of excellence, friendship, and respect, providing a model for global sustainable development [1] Company Initiatives - Mengniu has established a full industry chain on the rehabilitated land, which includes organic planting, organic breeding, and organic processing [1] - The company collaborates with various stakeholders to enhance its environmental initiatives, demonstrating a strong commitment to sustainability [1] Industry Impact - The sustainable development practices of Chinese companies like Mengniu are seen as beneficial examples for global reference, reflecting a growing trend in corporate responsibility [1] - Bach's visit to China, including multiple provinces, signifies the increasing recognition of Chinese enterprises in the global arena [1]

本报讯(记者梁傲男)11月10日，第八届中国国际进口博览会(以下简称"进博会")圆满收官。作为连续八 年参加进博会的"全勤生"，中国蒙牛乳业有限公司(以下简称"蒙牛")不仅首发原制奶酪，展示前沿创新 成果，还提出通过"四位一体"创新解决方案推动行业跨越升级，交出一份彰显中国乳业高水平对外开放 的高分答卷，为全球乳业高质量发展注入强劲的创新动能。 以产品之新推动营养升级 11月6日，妙可蓝多（600882）在"宝酪斯"展台重磅发布了中国首款原制马苏里拉奶酪。对于行业来 说，此举的意义不仅是填补国产空白，更标志着国产奶酪行业正从规模扩张转向价值竞争，在全球价值 链中进一步向上攀升。 随着奶酪市场扩容，行业竞争也日趋激烈，同质化竞争与价格战频发。然而，随着中国乳业逐步迈向高 质量发展阶段，单纯追求市场份额的时代正在成为过去，通过产品创新创造新价值的时代已经到来。 妙可蓝多选择在原制奶酪领域进行自主攻关，正是蒙牛以产品创新破局，引领中国乳业迈向高质量发展 未来的缩影。2025年，蒙牛推出超百款新品，覆盖从常温奶到低温酸奶、从鲜奶到冰淇淋，从功能牛奶 到婴儿配方奶粉的全品类矩阵。 以研发之新贡献中国方案 作为全球前沿创 ...

Core Viewpoint - The 8th China International Import Expo showcased the innovative achievements of the dairy industry, with Mengniu leading the way in high-quality development and international collaboration [1][13]. Group 1: Product Innovation - Mengniu launched original cheese products and proposed a "four-in-one" innovation solution to enhance the dairy industry's upgrade [1]. - Miaokelando introduced China's first original mozzarella cheese, marking a shift from scale expansion to value competition in the domestic cheese market [2]. - Mengniu plans to release over 100 new products by 2025, covering a wide range of dairy categories, aiming to enhance consumer nutrition and contribute to a "Healthy China" initiative [5]. Group 2: Research and Development - Mengniu shared its experience in leveraging R&D innovation to drive new production capabilities at the expo, receiving high recognition from industry leaders and experts [6]. - The company has established eight global R&D bases and multinational centers, achieving significant breakthroughs in various fields, including infant nutrition and sports nutrition [8]. Group 3: Digital Transformation - Mengniu showcased its digital transformation efforts at the expo, demonstrating a shift from isolated advancements to coordinated upgrades across the entire industry chain [8]. - The company has built the world's first fully digitalized dairy factory, achieving the highest efficiency in liquid milk production and creating a personalized nutrition model for consumers [9][11]. Group 4: Sustainable Development - Mengniu adheres to a sustainable development strategy, integrating ecological restoration with industrial development in its upstream operations [11]. - The company has established 37 national-level green factories and two "zero-carbon" factories, promoting green packaging and recycling initiatives [11][13]. - Mengniu has been recognized for its sustainable practices, maintaining an AA rating in MSCI ESG and being included in the S&P Global Sustainability Yearbook for two consecutive years [13].

来源：市场资讯 （来源：乳业在线） 01 农业部统计截至10月30日，内蒙古/河北等11个生鲜乳主产区合同内外平均收购价格3.03元/公斤，环比 跌0.3%，同比下跌2.9%。（注意：农业部收集数据主要为规模化牧场长协价格为主，和市场最关心的 合同外现货奶价有较大差距，请参考该数据时注意） 02 06 | 留名 | 到货期 | 报价(元/聘) | 提货港口 | 联系人 | | --- | --- | --- | --- | --- | | 新西兰OCD全融奶粉(W26C) | 2025.12 | 30300 | 上海/广州/天津 | 孔小姐:15900817787 | | 新西兰OCD全脑奶粉(UHT) | 2025.12 | 30300 | 上海/广州/天津 | 孔小姐:15900817787 | | NZMP全剔奶粉 | 2025.12 | 30500 | 广东/上海自提 | 丁小姐:13918577924 | | 新西兰NZMP无水奶油 | 2026年3月 | 57000 | 上海 | 孔小姐:15900817787 | | 新西兰OCD冷冻车达 | 2026年1季度 | 42500 | 上海 | 孔小 ...

Core Viewpoint - The 8th China International Import Expo opened on November 5, with a focus on optimizing and upgrading the dairy industry in China, highlighted by a policy briefing session themed "Consensus and Reconstruction: New Leap for the Dairy Industry" [1][3]. Group 1: Industry Development - The conference served as a platform for global consensus, emphasizing the need for China's dairy industry to pursue a path of "professionalization, internationalization, and high quality" while enhancing innovation and global collaboration [3]. - The industry aims to achieve a leap in the global value chain through comprehensive upgrades [3]. Group 2: Company Initiatives - Mengniu Group, as a leading player in the dairy sector, is committed to a four-pronged approach: technological innovation, digital upgrade, brand leadership, and green transformation [3]. - In technological innovation, Mengniu has achieved international "premium" standards in self-cultivated alfalfa and established two national core breeding farms to enhance milk yield and quality [3]. - Mengniu's digital upgrade includes the establishment of the world's first "lighthouse factory" in the liquid milk sector, achieving the highest efficiency benchmarks in the global dairy industry [3]. Group 3: Brand and Market Performance - Mengniu's premium brand, Telunsu, has surpassed 30 billion yuan in annual sales, becoming the top-selling single dairy product globally [4]. - The brand "Aixue" leads the ice cream market in Indonesia, showcasing Mengniu's strong international presence [4]. - Mengniu collaborates with major global IPs like "Nezha 2," the Olympics, and the World Cup to promote Chinese brand stories on the world stage [4]. Group 4: Sustainability Efforts - Mengniu implements a GREEN strategy across its entire supply chain, including organic industry chain development and the establishment of 37 national green factories [4]. - The company has two "zero-carbon factories" and promotes green packaging and zero-carbon products to enhance sustainability [4]. - A significant milestone was achieved with the first "zero deforestation" soybean procurement agreement with COFCO International during the expo, reflecting Mengniu's commitment to responsible practices [4]. Group 5: Product Strategy - The brand "Miaokelando" has adopted a dual-driven strategy of "TO B + TO C," creating a diverse product range for all age groups and various scenarios [4]. - The company offers specialized and customized cheese solutions across five major scenarios: dining, tea and coffee, baking, hotels, and factories, gaining widespread market recognition [4].

Core Viewpoint - The article emphasizes the importance of optimizing and upgrading China's dairy industry through innovation, international collaboration, and high-quality development, as discussed during the China International Import Expo and the accompanying dairy industry conference [1][2][5]. Group 1: Industry Development and Collaboration - The conference highlighted the need for China's dairy industry to adhere to a development path characterized by professionalism, internationalization, and high quality, while enhancing innovation and global collaboration [2][5]. - Leaders from various countries expressed their commitment to strengthening cooperation with China in the dairy sector, aiming for high-quality global dairy trade development [5][7]. - Local government officials emphasized the importance of creating a supportive ecosystem for high-quality dairy development and expanding consumer markets [9]. Group 2: Innovation and Upgrading - Mengniu Dairy aims to lead the industry through a "four-in-one" strategy focusing on technological innovation, digital upgrades, brand leadership, and green transformation [13][20]. - The company has made significant advancements in technology, including the development of proprietary strains of probiotics and high-quality forage, which enhance milk yield and quality [13]. - Mengniu's digital transformation includes establishing a "lighthouse factory" for liquid milk, showcasing its commitment to smart manufacturing [13]. Group 3: Cheese Market Opportunities - The cheese market in China is at a critical stage of upgrading, with expectations for rapid growth driven by increasing penetration rates and diverse consumption scenarios [16][18]. - Miaokelando has implemented a dual strategy targeting both B2B and B2C markets, offering customized cheese solutions across various sectors [18]. - The launch of China's first original mozzarella cheese by Miaokelando signifies the capability of domestic products to compete with international brands, promoting high-quality industry development [18].