Core Viewpoint - The company is experiencing a prolonged decline in raw milk prices, which has lasted for 28 consecutive months, marking the longest downturn since 2010 [1] Group 1: Raw Milk Price Trends - As of August this year, the average purchase price of raw milk in major producing provinces is 3.02 yuan per kilogram, reflecting a year-on-year decrease of 5.6% [1] Group 2: Company Operations - The management indicated that the company has accelerated the elimination of low-yield cows in the first quarter, which is now a regular practice [1]

Market Overview - The Shanghai Composite Index closed at 3877.55 points, with a change of 0.41% [1] - The total trading volume of A-shares reached 1561.918 billion yuan [1] Technical Analysis - A total of 127 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - COFCO Technology: 5-day MA at 11.41 yuan, 10-day MA at 11.52 yuan, difference of -0.92% [1] - Jiuri New Materials: 5-day MA at 27.35 yuan, 10-day MA at 27.59 yuan, difference of -0.86% [1] - Potential Energy Trust: 5-day MA at 20.44 yuan, 10-day MA at 20.59 yuan, difference of -0.77% [1] Individual Stock Performance - COFCO Technology: Today's change of 0.09%, trading volume of 1.13% [1] - Jiuri New Materials: Today's change of 1.49%, trading volume of 1.84% [1] - Potential Energy Trust: Today's change of 0.34%, trading volume of 1.64% [1] - Other notable stocks with death crosses include: - Tongzhou Electronics: Today's change of -0.42%, trading volume of 2.40% [1] - ST Long Pharmaceutical: Today's change of -2.50%, trading volume of 2.14% [1] - Jin Hong Shun: Today's change of -1.44%, trading volume of 2.07% [1]

Group 1 - The core viewpoint of the article highlights the growth of industrial enterprises in the Xinjiang Uygur Autonomous Region, with a total of 5,381 enterprises reported from January to July 2025, marking an increase of 465 enterprises compared to the same period last year, representing a year-on-year growth of 9.46% [1][1][1] - The report indicates that the number of industrial enterprises in Xinjiang accounts for 1.03% of the national total [1][1][1] - The data presented is sourced from the National Bureau of Statistics and organized by Zhiyan Consulting, a leading industry consulting firm in China [1][1][1] Group 2 - The article references various listed companies related to the industrial sector, including Guanghui Energy, New Natural Gas, and others, indicating potential investment opportunities [1][1][1] - Zhiyan Consulting has been engaged in industry research for over a decade, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1][1][1] - The report titled "2025-2031 China Industrial Cloud Industry Market Deep Assessment and Investment Opportunity Forecast" is mentioned, suggesting a focus on future market trends and investment potential [1][1][1]

Market Overview - The beverage and dairy sector increased by 0.61% on September 11, with Zhuangyuan Pastoral leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Stock Performance - Zhuangyuan Pastoral (002910) closed at 10.26, up 2.29% with a trading volume of 69,000 shares and a transaction value of 69.63 million yuan [1] - Yangyuan Beverage (603156) closed at 22.40, up 1.82% with a trading volume of 41,300 shares and a transaction value of 91.57 million yuan [1] - Yili Group (600887) closed at 28.72, up 1.02% with a trading volume of 607,900 shares and a transaction value of 1.738 billion yuan [1] - Other notable stocks include: - Pinhao Food (300892) at 39.91, up 1.24% [1] - Dongpeng Beverage (605499) at 299.78, up 0.92% [1] Capital Flow - The beverage and dairy sector experienced a net outflow of 132 million yuan from institutional investors, while retail investors saw a net inflow of 177 million yuan [2] - Notable capital flows include: - Yili Group saw a net inflow of 58.13 million yuan from retail investors but a net outflow of 5.81 million yuan from institutional investors [3] - Zhuangyuan Pastoral had a net inflow of 1.34 million yuan from retail investors [3]

（文章来源：证券日报） 证券日报网讯 9月8日晚间，天润乳业发布公告称，公司计划于2025年9月17日（星期三）16：00-17： 00举行2025年半年度业绩说明会。 ...

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：2025-050 | | --- | --- | --- | | 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 召开 2025 年半年度业绩说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2025 年 9 月 17 日（星期三）16:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 新疆天润乳业股份有限公司 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果、财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 9 月 17 日（星期三）16:00-17:0 ...

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%。 ...

Group 1 - The company received a government subsidy of 9,680,817.00 yuan on September 2, 2025, which accounts for 22.17% of the net profit attributable to shareholders for the fiscal year 2024 [1] - The subsidy is classified as a revenue-related government grant and is expected to increase the net profit attributable to shareholders for the fiscal year 2025 by 8.9654 million yuan [1] - The accounting treatment and impact on the company's profit and loss will be confirmed by the auditing institution in the annual audit [1]

Core Viewpoint - Tianrun Dairy announced that its wholly-owned subsidiary, Xinjiang Tianao Animal Husbandry Co., Ltd., received a government subsidy of 9,680,817.00 yuan on September 2, 2025 [2] Group 1 - The government subsidy amount received by the subsidiary is approximately 9.68 million yuan [2]

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 ...