FF305 公司名稱： 中國蒙牛乳業有限公司 呈交日期： 2025年9月16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 ...

Core Viewpoint - The implementation of the revised national food safety standard for sterilized milk mandates that pure milk production must solely use raw milk, rendering products containing reconstituted milk as non-compliant [1][2]. Group 1: Industry Response - During the 6-month transition period, dairy companies are employing various strategies to eliminate non-compliant products, with retail channels being the primary focus for clearance [2]. - Major brands like Bright Dairy and Yili have proactively removed products containing reconstituted milk from shelves, utilizing promotions to clear remaining stock by the end of August [2]. - Smaller dairy companies are converting non-compliant products into fortified milk, while some are resorting to destruction of unsold products, ensuring compliance with regulations [2]. Group 2: Company Strategies - Leading companies such as Mengniu, Yili, and Bright Dairy have adapted their supply chains to meet the new standards, with Mengniu reporting a 100% raw milk procurement rate and plans to cease the use of reconstituted milk by the end of 2024 [3]. - Smaller enterprises are restructuring their supply chains, with some signing contracts for significant raw milk supplies, resulting in cost reductions compared to reconstituted milk [3]. - The industry is collectively updating product labels to remove references to reconstituted milk, focusing on terms like "pure milk" [3]. Group 3: Regulatory Actions - Regulatory authorities are initiating special inspections to verify compliance with the new standards, focusing on raw material procurement records and production processes [4]. - Non-compliant companies face penalties up to ten times the value of the goods involved, emphasizing the importance of adherence to the new regulations [4]. - The new regulations allow for the continued use of reconstituted milk in products like yogurt and cheese, provided that ingredient lists are properly labeled, thus balancing industry standards with resource management [4].

Core Points - Mengniu Dairy has been actively repurchasing its shares, with a total of 76 repurchase transactions this year, amounting to 18.868 million shares and a total expenditure of 316 million HKD [3][4] Group 1: Recent Share Repurchase Activity - On September 15, Mengniu Dairy repurchased 200,000 shares at a price range of 15.210 to 15.380 HKD, totaling 3.0636 million HKD [2] - The stock closed at 15.340 HKD on the same day, reflecting a 1.05% increase, with a total trading volume of 394 million HKD [2] - Since September 10, the company has conducted repurchases for four consecutive days, totaling 818,000 shares and an expenditure of 12.4296 million HKD, with the stock rising 1.99% during this period [2] Group 2: Year-to-Date Repurchase Summary - Year-to-date, Mengniu Dairy has executed 76 repurchase transactions, acquiring a total of 18.868 million shares for 316 million HKD [3] - The detailed repurchase data includes various dates, share quantities, and price ranges, indicating a consistent strategy to support the stock price [3][4][5]

Core Insights - The Inner Mongolia Autonomous Region's technology transaction post-subsidy program has allocated 68.92 million yuan to support 856 technology transfer projects, enhancing the conversion of scientific achievements into practical applications [1] - The program aims to provide incentives for technology transfer and related services, targeting three main entities: technology demanders, suppliers, and transfer service institutions [1] - The funding is designed to stimulate technological upgrades in local enterprises, fostering high-quality economic development in the region [1] Group 1: Company Initiatives - Inner Mongolia Jinyu Baoling Biological Pharmaceutical Co., Ltd. has received 1.436 million yuan in post-subsidy funding, which will be directed towards ongoing R&D projects and capacity expansion [2] - The company is collaborating with Guangdong Lanyu Biotechnology Co., Ltd. and Shanghai Blue Magpie Biopharmaceutical Co., Ltd. to develop advanced vaccines, enhancing its technological capabilities and market competitiveness [2] - The funding is expected to support the health of the livestock breeding industry by ensuring the effective application of new technologies [2] Group 2: Industry Impact - The post-subsidy program has been tailored to meet the diverse innovation needs across various sectors, including pharmaceuticals, rare earths, and financial services [3][4] - In the pharmaceutical sector, companies like Lianbang Pharmaceutical (Inner Mongolia) Co., Ltd. are using the subsidies for process upgrades and green technology adoption, aiming to improve product quality and sustainability [3] - The rare earth industry is also benefiting, with companies like China Northern Rare Earth Group investing in new materials and technologies to enhance product value [3] Group 3: Policy Effectiveness - The policy is designed to ensure that subsidies are allocated to key innovation areas, such as green processes and digital transformation in service industries [4] - The program facilitates a seamless integration of academic research and industrial needs, exemplified by Inner Mongolia Mengniu Dairy Group's project that combines university resources with market demands [6] - The funding not only reduces innovation risks for companies but also promotes a virtuous cycle of research output, industrial application, and market feedback [7]

Group 1 - The company Mengniu Dairy (02319) announced a share buyback plan, intending to repurchase 200,000 shares at a cost of approximately HKD 3.0636 million [1]

Core Viewpoint - Mengniu Dairy (02319.HK) announced a share buyback plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1 - The company plans to repurchase 200,000 shares at a total cost of HKD 3.063 million [1] - The buyback price range is set between HKD 15.21 and HKD 15.38 per share [1] - The buyback is scheduled to occur on September 15, 2025 [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9月15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（不包括庫存 ...

Core Insights - The China International Fair for Trade in Services (CIFTIS) was held from September 10 to 14, 2023, in Beijing, featuring the 2025 Global Brand Economy Conference where Mengniu Group showcased its high-end brand "Telunsu" and its 20-year journey in creating "golden milk" through an industry chain approach [1] - Mengniu was recognized in the conference as one of the case studies in the report and awarded the title of "Most Valuable Brand of 2025" [1] - During the event, Mengniu and Huati Group established a strategic partnership to enhance collaboration across various dimensions, aiming to integrate the sports industry with the dairy sector in China [1] Company Developments - Mengniu emphasizes quality and sustainability, transforming natural endowments into brand value through a collaborative and sustainable development model [1] - All nine product categories under Mengniu have received EU food safety certification, establishing the company as a leader in compliance [1] - The high-end fresh milk brand "Daily Fresh" offers products that exceed EU standards, while "Telunsu" has achieved annual sales exceeding 30 billion yuan [1] Market Expansion - The ice cream brand "Aixue" maintains a leading position in Southeast Asia and is expanding into Africa and Latin America, with a market share of 34% in Indonesia [1] - The organic milk powder brand "Bellamy" is set to complete its product line upgrade by mid-2025, with new products launching in Australia and Vietnam [1] - These brands collectively form a diverse, high-quality international product matrix for Mengniu [1] Future Outlook - Mengniu plans to continue leveraging an "industry chain thinking" approach to solidify its foundation for world-class quality and aims to build a globally recognized brand while leading the Chinese dairy industry onto the global stage [2]

Group 1 - The fourth "Mai Sheng Cup" media football championship, organized by Mengniu Group, concluded successfully, highlighting its role in connecting media and the industry while promoting positive energy in sports [1][3] - Mengniu Group's executive, Li Pengcheng, emphasized the importance of the event in showcasing Chinese sports on the global stage, especially with upcoming major sports events like the Milan Winter Olympics and the North America World Cup [1][3] - The event featured a new charitable initiative where for every goal scored, Mengniu donated a set of football gear to children in rural areas, resulting in a total of 308 sets donated based on the 308 goals scored during the tournament [5][9] Group 2 - The tournament included awards for the champion, runner-up, and third place, along with individual accolades for the best player, top scorer, and best goalkeeper, symbolizing the dedication of media professionals to football [7] - Over the past four years, Mengniu has successfully integrated sports events with charitable actions, enhancing the emotional connection between the industry and media while promoting the development of football in China [9]

Core Viewpoint - The strategic cooperation between Mengniu Group and Huati Group aims to integrate the sports industry with the dairy industry, enhancing the development of both sectors and contributing to the "Healthy China" and "Sports Power" strategies [3][6]. Group 1: Strategic Cooperation - Mengniu Group and Huati Group have reached a strategic partnership to leverage their respective strengths for the deep integration of the sports and dairy industries [3]. - The collaboration will focus on resource integration, product fusion, scenario co-creation, and brand building to innovate sports service models and upgrade the industry [3][4]. Group 2: Marketing and Product Innovation - The partnership will break traditional marketing models by incorporating nutritional services into various sports scenarios, promoting the core marketing concept of "Strong Body through Sports, Nutrition as Support" [3][4]. - Both companies will engage in joint research and development to upgrade dairy products from basic nutrition to precise and functional nutrition, fostering a healthy consumption market [4]. Group 3: Public Engagement and Health Promotion - The collaboration aims to enhance public participation in healthy sports through diversified scenarios, including event operations, venue services, hotel cooperation, sports training, and national fitness initiatives [4]. - Mengniu Group's commitment to national health and the sports industry is reinforced through this partnership, marking a significant step in supporting China's sports endeavors [3][6].