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： 中國飛鶴有限公司 呈交日期： 2025年11月11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) | 06186 | 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 ...

Summary of Key Points Core Viewpoint - Multiple companies conducted share buybacks on November 10, 2025, with China Feihe (06186) leading in both the number of shares repurchased and the total amount spent [1][2]. Group 1: Buyback Details - China Feihe (06186) repurchased 9.753 million shares for a total of 43.2831 million yuan, representing 0.919% of its total share capital [2]. - China Merchants Industry Holdings (01919) repurchased 3 million shares for 42.5626 million yuan, accounting for 0.562% of its total share capital [2]. - Sinopec Limited (00386) repurchased 4.072 million shares for 17.7963 million yuan, which is 0.110% of its total share capital [2]. Group 2: Other Notable Buybacks - Yimai Sunshine (N23020) repurchased 929,000 shares for 14.9596 million yuan, representing 0.712% of its total share capital [2]. - Lianyi Technology-W (09959) repurchased 2.31 million shares for 7.4321 million yuan, which is 4.518% of its total share capital [2]. - Gushengtang (02273) repurchased 250,000 shares for 7.4123 million yuan, accounting for 3.541% of its total share capital [2].

Core Insights - On November 10, 32 Hong Kong-listed companies conducted share buybacks, totaling 26.12 million shares and an aggregate amount of HKD 163 million [1][2]. Group 1: Buyback Details - China Feihe repurchased 9.75 million shares for HKD 43.28 million, with a highest price of HKD 4.49 and a lowest price of HKD 4.34, bringing its total buyback amount for the year to HKD 354.87 million [1][2]. - COSCO Shipping Holdings repurchased 3 million shares for HKD 42.56 million, with a highest price of HKD 14.35 and a lowest price of HKD 14.10, accumulating a total buyback amount of HKD 4.72 billion for the year [1][2]. - Sinopec repurchased 4.07 million shares for HKD 17.80 million, with a highest price of HKD 4.40 and a lowest price of HKD 4.30, totaling HKD 1.03 billion in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on November 10 was from China Feihe at HKD 43.28 million, followed closely by COSCO Shipping Holdings at HKD 42.56 million [1][2]. - In terms of share volume, China Feihe led with 9.75 million shares repurchased, followed by Sinopec with 4.07 million shares and COSCO Shipping Holdings with 3 million shares [1][2].

Summary of Key Points Core Viewpoint - China Feihe has been actively repurchasing its shares, indicating a strong commitment to enhancing shareholder value and confidence in its stock performance [2] Share Buyback Details - On November 10, China Feihe repurchased 9.753 million shares at prices ranging from HKD 4.340 to HKD 4.490, totaling HKD 43.2831 million [2] - The stock closed at HKD 4.440 on the same day, reflecting a 1.83% increase, with a total trading volume of HKD 278 million [2] - Since October 24, the company has conducted share buybacks for 11 consecutive days, acquiring a total of 81.354 million shares for a cumulative amount of HKD 344 million, during which the stock price increased by 10.45% [2] Year-to-Date Buyback Activity - Year-to-date, China Feihe has executed 13 buybacks, totaling 83.354 million shares and an aggregate buyback amount of HKD 354 million [2] Buyback Breakdown - Detailed buyback transactions include: - November 10: 975.30 thousand shares at a maximum price of HKD 4.490 and a minimum of HKD 4.340 for HKD 43.2831 million [2] - November 7: 600.00 thousand shares at a maximum price of HKD 4.360 for HKD 26.0834 million [2] - November 6: 680.60 thousand shares at a maximum price of HKD 4.350 for HKD 29.4298 million [2] - Additional transactions from October 24 to November 5 show consistent buyback activity with varying amounts and prices [2]

Core Viewpoint - China Feihe (06186.HK) announced a share buyback on November 10, spending HKD 43.283 million to repurchase 9.753 million shares [1] Summary by Relevant Sections Share Buyback Activity - On November 10, China Feihe repurchased 9.753 million shares for a total cost of HKD 43.283 million [1] - On November 7, the company also repurchased 600,000 shares at a cost of HKD 26.08 million [1]

Group 1 - The company China Feihe (06186) announced a share buyback plan, committing to repurchase 9.753 million shares for a total cost of HKD 43.2831 million [1]

Core Viewpoint - China Feihe (06186) announced a share buyback plan, intending to repurchase 9.753 million shares for a total cost of HKD 43.2831 million, scheduled for November 10, 2025 [1] Summary by Category - **Company Actions** - The company plans to repurchase 9.753 million shares, indicating a commitment to enhancing shareholder value [1] - The total expenditure for the buyback is set at HKD 43.2831 million, reflecting the company's financial strategy [1] - **Market Implications** - This buyback may signal to investors that the company believes its shares are undervalued, potentially influencing market perception positively [1]

| 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) | 06186 | 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7日 | | 8,993,650,704 | | 73,601,000 | | 9,067,251,704 | | 1). 購回股份 (股份被持作庫存股份) | | | -9,753,000 | 0.1084 % | 9,753,000 HKD | 4.4379 | | | 變動日期 ...

Summary of Key Points Core Viewpoint - On November 7, 43 Hong Kong-listed companies conducted share buybacks, totaling 24.24 million shares and an aggregate amount of HKD 163 million [1]. Group 1: Buyback Details - China Feihe repurchased 6 million shares for HKD 26.08 million, with a highest price of HKD 4.360 and a lowest price of HKD 4.340, bringing its total buyback amount for the year to HKD 310.46 million [1][2]. - COSCO Shipping Holdings repurchased 1.408 million shares for HKD 19.86 million, with a highest price of HKD 14.230 and a lowest price of HKD 13.800, accumulating a total buyback amount of HKD 4.678 billion for the year [1][2]. - Kintor Pharmaceutical repurchased 876,500 shares for HKD 13.78 million, with a highest price of HKD 16.000 and a lowest price of HKD 15.180, totaling HKD 47.76 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on November 7 was from China Feihe at HKD 26.08 million, followed by COSCO Shipping Holdings at HKD 19.86 million [1][2]. - In terms of share quantity, China Feihe led with 6 million shares repurchased, followed by China Petroleum & Chemical Corporation with 3.172 million shares and Linklogis Technology with 2.39 million shares [1][2]. Group 3: Additional Buyback Information - Other notable companies involved in buybacks include China Petroleum & Chemical Corporation, AAC Technologies, and Kintor Pharmaceutical, with respective buyback amounts of HKD 13.57 million, HKD 11.70 million, and HKD 7.49 million [2][3]. - The buyback activities reflect a trend among Hong Kong-listed companies to utilize excess cash for shareholder returns, indicating confidence in their financial health [1][2].

Group 1 - The average purchase price of fresh milk in major production areas such as Inner Mongolia and Hebei is 3.03 yuan per kilogram, down 0.3% month-on-month and 2.9% year-on-year [1] - The domestic market for whole milk powder is experiencing a decline in prices due to low demand, with major manufacturers facing slow sales and inventory issues [20] - The price of imported skim milk powder remains stable, supported by auction performance, while domestic skim milk powder is tentatively declining but overall supply is balanced [20] Group 2 - New Zealand's major manufacturers are facing pressure with lower-than-expected signing rates for whole milk powder, indicating potential supply challenges in the future [9] - The market for cream cheese is becoming saturated, leading to sporadic sell-offs as domestic production increases [20] - The demand for concentrated whey protein is strong, with New Zealand's signing rates high, suggesting limited short-term price reduction intentions [21] Group 3 - The average price of corn in China is 2.46 yuan per kilogram, down 0.8% week-on-week but up 2.5% year-on-year, indicating a mixed trend in agricultural commodity prices [19] - The international dairy market is experiencing a downturn, with all dairy futures in the US showing declines, reflecting broader market challenges [12] - The recent ceasefire in Gaza and ongoing geopolitical tensions are impacting global oil prices, which may indirectly affect agricultural and dairy commodity markets [13]