Core Viewpoint - Xinjiang Tianrun Dairy Co., Ltd. plans to cancel 4,799,955 shares, which represents a reduction of approximately 1.50% of the total share capital before cancellation, amounting to 320,212,773 shares [2][3] Summary of Share Repurchase - The company approved a share repurchase plan to buy back shares using its own funds for employee stock ownership plans or equity incentives, with a maximum repurchase price of RMB 15.00 per share and a total repurchase quantity between 3,200,000 and 4,800,000 shares [2] - The average repurchase price was RMB 12.776 per share, with the highest price at RMB 13.50 and the lowest at RMB 11.78, totaling a fund usage of RMB 61,000,000 [3] Decision Process for Share Cancellation - The decision to cancel the repurchased shares was approved in meetings held on June 5, 2025, and June 24, 2025, where the purpose of the repurchased shares was changed from employee stock ownership to cancellation and reduction of registered capital [3][4] - The company has followed legal procedures to notify creditors regarding the share cancellation, and no objections were raised by creditors [3] Arrangement for Share Cancellation - The cancellation of shares is expected to be completed by August 12, 2025, after which the company will proceed with necessary registration changes [4] Impact on Company’s Capital Structure - Following the cancellation, the total share capital will decrease to 315,412,818 shares, with the number of unrestricted circulating shares adjusted accordingly [5][6] - The cancellation is not expected to significantly impact the company's financial status, operational results, or shareholder equity, nor will it affect the company's compliance with listing conditions [6]

北京商报讯（记者 孔文燮）8月11日晚间，天润乳业发布公告称，公司本次将注销回购专用证券账户中 的约480万股股份，占注销前公司总股本约3.2亿股的比例为1.50%。本次注销完成后，公司的总股本将 由约3.2亿股变更为约3.15亿股。预计完成回购股份注销日为2025年8月12日。 ...

证券日报网讯8月11日晚间，天润乳业（600419）发布公告称，公司本次将注销回购专用证券账户中的 4，799，955股股份，占注销前公司总股本320，212，773股的比例为1.50%。本次注销完成后，公司的 总股本将由320，212，773股变更为315，412，818股。预计完成回购股份注销日为2025年8月12日。 ...

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：临 | 2025-038 | | --- | --- | --- | --- | | 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 关于实施回购股份注销暨股份变动的公告 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。 重要内容提示： 新疆天润乳业股份有限公司（以下简称"公司"）本次将注销回购专用证 券账户中的 4,799,955 股股份，占注销前公司总股本 320,212,773 股的比例为 1.50%。本次注销完成后，公司的总股本将由 320,212,773 股变更为 315,412,818 股。 预计完成回购股份注销日：2025 年 8 月 12 日。 一、股份回购相关情况概述 2022 年 2 月 23 日，公司召开第七届董事会第十八次会议和第七届监事会第 十二次会议，分别审议通过了《新疆天润乳业股份有限公司关于以集中竞价交易 方式回购股份方案》，同意公司以集中竞价交易方式使用自有资金 ...

Group 1 - The company issued 9.9 million convertible bonds with a total amount of 990 million yuan, with a maturity of 6 years and a tiered interest rate starting from 0.30% in the first year to 2.00% in the sixth year [2][3] - The convertible bonds are listed under the name "Tianrun Convertible Bonds" with the code "110097" [2] - The conversion price for the bonds will be adjusted to 8.28 yuan per share starting from June 27, 2025, following the annual equity distribution [3] Group 2 - The redemption clause allows the company to redeem the bonds if the stock price remains at or above 130% of the conversion price for at least 15 out of 30 consecutive trading days, or if the unconverted balance is below 30 million yuan [4] - As of July 24, 2025, the company's stock price has met the condition for redemption, with 10 trading days above the threshold of 10.76 yuan per share [4]

Group 1 - The company Tianrun Dairy announced that from July 24, 2025, to August 8, 2025, its stock price has closed at or above 130% of the current conversion price of "Tianrun Convertible Bonds" for ten trading days [2] - If the company's stock price maintains this level for five out of the next eighteen trading days, it may trigger the conditional redemption clause of the "Tianrun Convertible Bonds" [2] - The company will determine whether to redeem the "Tianrun Convertible Bonds" based on its prospectus and relevant legal regulations after the redemption clause is triggered, and will fulfill its information disclosure obligations in a timely manner [2]

新疆天润乳业股份有限公司 | | | 新疆天润乳业股份有限公司 一、可转债发行上市概况 （一）可转债发行情况 根据中国证券监督管理委员会《关于同意新疆天润乳业股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2024〕899 号），新疆天 润乳业股份有限公司（以下简称"公司"）于 2024 年 10 月 24 日向不特定对象 发行了 990.00 万张可转换公司债券，每张面值 100 元，发行总额 99,000.00 万元， 发行期限 6 年，票面利率为第一年 0.30%、第二年 0.50%、第三年 1.00%、第四 年 1.50%、第五年 1.80%、第六年 2.00%。 （二）可转债上市情况 经上海证券交易所自律监管决定书〔2024〕149 号文同意，公司本次发行的 99,000.00万元可转换公司债券于2024 年11月15日在上海证券交易所挂牌交易， 债券简称"天润转债"，债券代码"110097"。 （三）可转债转股价格调整情况 根据《新疆天润乳业股份有限公司向不特定对象发行可转换公司债券募集说 明书》（以下简称"《募集说明书》"）的约定，"天润转债"自 2025 年 4 月 1 新 ...

证券之星消息，8月4日饮料乳品板块较上一交易日上涨0.95%，东鹏饮料领涨。当日上证指数报收于 3583.31，上涨0.66%。深证成指报收于11041.56，上涨0.46%。饮料乳品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 6655509 | 东鹏饮料 | 295.17 | 3.55% | 3.10万 | 9.11亿 | | 002946 | 新乳业 | 16.62 | 2.47% | 6.99万 | 1.15亿 | | 600419 | 天润乳业 | 10.77 | 1.41% | 4.73万 | 5083.80万 | | 600882 | 妙可蓝多 | 26.86 | 1.17% | - 3.84万 | 1.03亿 | | 002910 | 庄园牧场 | 10.06 | 0.60% | 8.35万 | 8328.28万 | | 603711 | 香飘飘 | 13.60 | 0.44% | 1.96万 | 2649.81万 | | 605300 | 佳木食品 | ...

Market Overview - On August 1, the Xinjiang state-owned enterprise reform sector rose by 2.15%, led by Tianfu Energy [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Stock Performance - Tianfu Energy (600509) closed at 6.59 with a gain of 2.01%, trading volume of 344,200 shares and a turnover of 227 million yuan [1] - Other notable stocks included Tiankang Biological (002100) with a 0.63% increase, and ST Zhongji (000972) with a 0.31% increase [1] - The overall performance of the Xinjiang state-owned enterprise reform sector showed mixed results, with some stocks experiencing slight declines [1] Capital Flow - The Xinjiang state-owned enterprise reform sector saw a net outflow of 441 million yuan from institutional investors, while retail investors contributed a net inflow of 214 million yuan [2] - The sector's capital flow indicates a divergence in investor sentiment, with institutional investors pulling back while retail investors remained active [2] Individual Stock Capital Flow - Qing Song Jian Hua (600425) had a net inflow of 14.21 million yuan from institutional investors, while Tianfu Energy (600509) saw a net inflow of 9.14 million yuan [3] - Conversely, stocks like Yili Te (600197) and Tiankang Biological (002100) experienced net outflows from institutional investors, indicating varying levels of confidence among different stocks [3]

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The dairy industry in China is experiencing a structural adjustment due to declining milk prices and rising production costs, leading to increased losses among dairy farms and a reduction in the number of dairy cows [1][22][27] - The dairy product market is dominated by a few major players, with a notable performance in flavored milk and online sales channels, indicating potential growth areas despite overall consumption decline [2][42][61] - Tianjin is emerging as a significant urban dairy industry cluster, leveraging advanced DHI measurement technology to enhance milk production efficiency [3][67][76] Summary by Sections 1. China's Dairy Industry and Production Adjustments - Inner Mongolia is the largest milk-producing region, accounting for over 19% of national milk production in 2024 [1] - The average price of fresh milk has decreased by 11.75% year-on-year in the first half of 2024, leading to a cost-price inversion for dairy farms [22][25] - The number of dairy cows in China is projected to decrease by over 500,000 heads in 2024 compared to 2023 [27][36] 2. Dairy Product Market Dynamics - The production of dairy products from large-scale enterprises is expected to decline by 1.90% in 2024, with a total output of 29.62 million tons [2][42] - The market share of flavored milk products is increasing, with online sales channels showing significant growth potential [2][61] - The average per capita consumption of dairy products in China is only 40.5 kg/year, significantly lower than the recommended dietary intake and below levels in developed countries [54] 3. Tianjin's Dairy Industry Development - Tianjin's dairy industry has achieved an annual output value exceeding 11.68 billion yuan, with a slight increase in dairy cow inventory in 2024 [3][70] - The DHI measurement technology in Tianjin is leading nationally, with a full coverage of DHI testing for all dairy cows in the region [3][76] - The average milk yield per cow in Tianjin is significantly higher than the national average, showcasing the effectiveness of local dairy management practices [3][70]