北京商报讯(记者孔文燮)9月3日，北京商报记者获悉，天润乳业（600419）发布公告称，2025年9月2 日，新疆天润乳业股份有限公司之全资子公司新疆天澳牧业有限公司收到政府补助约968万元，为与收 益相关的政府补助，占公司2024年度经审计归属于上市公司股东的净利润的22.17%。 ...

证券代码：600419 证券简称：天润乳业公告编号：2025-049 债券代码：110097 债券简称：天润转债 新疆天润乳业股份有限公司 关于获得政府补助的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 一、获得补助的基本情况 2025年9月2日，新疆天润乳业股份有限公司（以下简称"公司"）之全资子公司新疆天澳牧业有限公司收 到政府补助9,680,817.00元，为与收益相关的政府补助，占公司2024年度经审计归属于上市公司股东的 净利润的22.17%。 二、补助的类型及其对上市公司的影响 公司按照《企业会计准则第16号一一政府补助》的相关规定，确认上述事项并划分补助的类型为与收益 相关的政府补助，公司直接计入损益或冲减相关成本费用，预计将增加公司2025年度归属于上市公司股 东的净利润896.54万元。上述政府补助未经审计，具体的会计处理以及对公司损益的影响最终以审计机 构年度审计确认后的结果为准。敬请广大投资者注意投资风险。 特此公告。 新疆天润乳业股份有限公司董事会 2025年9月3日 ...

（文章来源：证券日报） 证券日报网讯 9月2日晚间，天润乳业发布公告称，2025年9月2日，公司之全资子公司新疆天澳牧业有 限公司收到政府补助9，680，817.00元。 ...

新疆天润乳业股份有限公司 | 证券代码：600419 | 证券简称：天润乳业 | 公告编号：2025-049 | | --- | --- | --- | | 债券代码：110097 | 债券简称：天润转债 | | 新疆天润乳业股份有限公司 关于获得政府补助的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、获得补助的基本情况 2025 年 9 月 2 日，新疆天润乳业股份有限公司（以下简称"公司"）之全资 子公司新疆天澳牧业有限公司收到政府补助 9,680,817.00 元，为与收益相关的政 府补助，占公司 2024 年度经审计归属于上市公司股东的净利润的 22.17%。 二、补助的类型及其对上市公司的影响 公司按照《企业会计准则第 16 号——政府补助》的相关规定，确认上述事 项并划分补助的类型为与收益相关的政府补助，公司直接计入损益或冲减相关成 本费用，预计将增加公司 2025 年度归属于上市公司股东的净利润 896.54 万元。 上述政府补助未经审计，具体的会计处理以及对公司损益的影响最终以审计机构 年度审 ...

格隆汇9月2日丨天润乳业(600419.SH)公布，2025年9月2日，公司之全资子公司新疆天澳牧业有限公司 收到政府补助968.08万元，为与收益相关的政府补助，占公司2024年度经审计归属于上市公司股东的净 利润的22.17%。 ...

Market Overview - The beverage and dairy sector increased by 2.43% on August 29, with New Dairy leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Top Performers - New Dairy (002946) closed at 19.77, up 6.75% with a trading volume of 208,300 shares and a transaction value of 409 million yuan [1] - Miaokelan Duo (600882) closed at 27.71, up 5.36% with a trading volume of 134,000 shares and a transaction value of 366 million yuan [1] - Dongpeng Beverage (605499) closed at 308.94, up 3.26% with a trading volume of 25,900 shares and a transaction value of 799 million yuan [1] Other Notable Stocks - Yili Group (600887) closed at 28.57, up 3.18% with a trading volume of 2,112,900 shares and a transaction value of 611.5 million yuan [1] - Junyao Health (605388) closed at 8.07, up 1.77% with a trading volume of 168,900 shares and a transaction value of 13.6 million yuan [1] Market Capital Flow - The beverage and dairy sector experienced a net outflow of 475 million yuan from institutional investors, while retail investors saw a net inflow of 435 million yuan [2] - The overall market showed mixed capital flows, with some stocks experiencing significant retail interest despite institutional selling [2][3] Individual Stock Capital Flow - New Dairy had a net inflow of 11.72 million yuan from institutional investors, but a net outflow of 17.51 million yuan from retail investors [3] - Miaokelan Duo saw a net inflow of 7.60 million yuan from institutional investors, but a net outflow of 20.52 million yuan from speculative funds [3] - Yili Group had a net outflow of 2.54 million yuan from institutional investors, while retail investors contributed a net inflow of 4.02 million yuan [3]

Market Overview - The beverage and dairy sector experienced a decline of 1.4% on August 27, with Zhuangyuan Pasture leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable gainers in the beverage and dairy sector included: - Aluminum Wine Foods: Closed at 40.47, up 6.56% with a trading volume of 139,100 shares and a turnover of 544 million yuan [1] - Yiming Foods: Closed at 24.43, up 5.57% with a trading volume of 292,700 shares and a turnover of 694 million yuan [1] - Liziyuan: Closed at 14.18, up 3.28% with a trading volume of 322,500 shares and a turnover of 448 million yuan [1] - Major decliners included: - Zhuangyuan Pasture: Closed at 9.83, down 3.91% with a trading volume of 98,500 shares and a turnover of 99.2 million yuan [2] - Chengde Lulule: Closed at 8.69, down 3.87% with a trading volume of 452,000 shares and a turnover of 400 million yuan [2] - Xibu Muye: Closed at 11.86, down 3.10% with a trading volume of 198,400 shares and a turnover of 240 million yuan [2] Capital Flow - The beverage and dairy sector saw a net outflow of 408 million yuan from institutional investors, while retail investors contributed a net inflow of 459 million yuan [2] - Specific stock capital flows included: - Liziyuan: Net outflow of 24.91 million yuan from institutional investors [3] - Yiming Foods: Net inflow of 18.32 million yuan from institutional investors [3] - Zhuangyuan Pasture: Net outflow of 19.94 million yuan from retail investors [3]

Group 1 - Jiangsu Bank achieved operating income of 44.864 billion yuan, a year-on-year increase of 7.78%, and a net profit of 20.238 billion yuan, up 8.05% year-on-year in H1 2025 [4][5] - The bank's non-performing loan ratio reached a historical low of 0.84%, with total assets growing to 4.79 trillion yuan, a year-on-year increase of 26.99% [4][5] - The bank's net interest income rose significantly by 19.10% year-on-year, contributing to the overall high growth in revenue and profit [4][5] Group 2 - Kingsoft Office reported total operating income of 2.657 billion yuan in H1 2025, a year-on-year increase of 10.12%, with a net profit of 727 million yuan, up 5.77% year-on-year [6][7] - The WPS personal business generated 1.748 billion yuan in revenue, growing by 8.38% year-on-year, while WPS 365 business saw a remarkable growth of 62.27% [8][11] - The launch of the AI assistant Lingxi is expected to significantly enhance the company's revenue potential by integrating various AI functionalities into office workflows [14] Group 3 - Qiaqia Food reported a revenue of 2.752 billion yuan in H1 2025, down 5.05% year-on-year, with a net profit of 89 million yuan, a decrease of 73.68% [21][22] - The company faced pressure from high raw material costs, leading to a gross margin of 20.31%, down 8.10 percentage points year-on-year [22][23] - E-commerce and overseas channels showed strong growth, with revenues of 451 million yuan and 278 million yuan, respectively, indicating a successful expansion strategy [23] Group 4 - Yun Aluminum achieved operating income of 29.08 billion yuan in H1 2025, a year-on-year increase of 18%, with a net profit of 2.77 billion yuan, up 10% [26][27] - The company reported a significant increase in aluminum production, with a total output of 1.6132 million tons, a year-on-year increase of 15.6% [27] - The mid-term dividend was raised to 40%, reflecting the company's strong financial performance and commitment to returning value to shareholders [28] Group 5 - Mango Super Media reported H1 2025 revenue of 5.96 billion yuan, down 14.3% year-on-year, with a net profit of 760 million yuan, a decrease of 28.3% [35][36] - The company’s membership revenue showed resilience, with a slight increase of 0.4% year-on-year, indicating strong user engagement [37] - The introduction of new policies by the broadcasting authority is expected to enhance the flexibility and commercial efficiency of the company's content production [36] Group 6 - Miaokelando reported H1 2025 revenue of 2.567 billion yuan, an increase of 7.98% year-on-year, with a net profit of 133 million yuan, up 86.27% [42][43] - The cheese business experienced double-digit growth, contributing significantly to the overall revenue, with a focus on expanding product offerings [43][44] - The company’s sales expenses were optimized, leading to an improved net profit margin of 5.18%, up 1.19 percentage points year-on-year [45] Group 7 - Tianrun Dairy reported H1 2025 revenue of 1.395 billion yuan, down 3.30% year-on-year, with a net loss of 22 million yuan, although the loss narrowed compared to the previous year [47][48] - The company’s second-quarter performance showed a significant recovery in profitability, with a net profit margin of 6.67%, indicating improved operational efficiency [49][50] - The company is focusing on product innovation and market expansion to enhance its competitive position in the dairy sector [50]

格隆汇8月25日｜民生证券研报指出，天润乳业25H1实现归母净利润-0.22亿元，同比减亏；扣非归母净 利润0.58亿元，同增141.32%。单二季度，公司实现归母净利润0.51亿元，同比扭亏；扣非归母净利润 0.59亿元。公司经历一季度主动调整后，业绩逐步企稳修复，扣非净利润显著改善。公司作为新疆龙头 乳企，行业供需压力环境下经营韧性凸显，盈利能力边际改善，后续伴随行业奶源阶段性过剩改善，原 奶价格有望迎来拐点，建议观察后续生鲜乳成本及公司疆外扩张节奏。公司制定25年经营计划，目标实 现乳制品销量、营业收入分别为31万吨、30亿元，同比+5.33%、+6.99%。维持"推荐"评级。 ...

25Q2 业绩符合预期。公司25H1 营收13.95 亿元、同比-3.30%，归母净利-0.22 亿元、同比减亏，扣非净 利0.58 亿元、同比+141.32%，业绩符合此前预告。单25Q2 营收同比-3.94%、归母净利同比扭亏、扣非 净利同比显著提升至0.59 亿元，毛利率18.68%、同比+0.70pct，净利率6.28%大幅改善，主因淘汰牛等 非经常损失降低。 以价换量，渠道破局。拆分来看：1）产品层面，Q2 常温、低温乳制品收入同比分别-6.1%、-6.2%，均 环比降速，乳业消费趋势未有明显好转。2）市场层面，Q2 疆内、疆外收入同比分别 +10.6%、-17.2%，疆内增速环比Q1 显著改善，主因基数较低（24Q2 疆内收入同比-10.1%）且公司积极 开辟疆内各类新渠道出局成效，疆外增速环比进一步回落，竞争挤压依然明显。2025 年公司计划实现 乳制品销量31万吨，25H1 已完成16.23 万吨，有望完成全年目标。当前竞争较为激烈，公司以价换量特 征较为明显，Q1 乳制品销量同比+12.4%、吨均收入同比-13.6%，Q2 销量同比6.2%、吨均收入同 比-11.6%，价格和产品结构的拖累预 ...