光明乳业股份有限公司 关于"提质增效重回报"行动方案 为深入贯彻落实《国务院关于进一步提高上市公司质量的意见》要求，积极 响应上海证券交易所《关于开展沪市公司提质增效重回报专项行动的倡议》，光 明乳业股份有限公司（以下简称"光明乳业"或"公司"）结合自身发展和经营 情况，制定"提质增效重回报"行动方案。方案内容如下： 一、聚焦主业，提升经营质量 光明乳业主要从事各类乳制品的开发、生产和销售，奶牛的饲养、培育，物 流配送等业务。公司主要生产销售新鲜牛奶、新鲜酸奶、常温牛奶、常温酸奶、 乳酸菌饮品、冷饮、奶粉、奶酪、黄油等产品。 公司将以高质量发展为指引，坚持"稳增长、促改革、强基础、增后劲"的 发展思路，聚焦主业，不断提升精细化管理水平，持续加大科研和数字化投入， 打造具有光明乳业特色的全产业链创新发展模式，进一步提升经营质量。 公司将积极推进产业布局变革，优化资源配置，提升全产业链竞争力；管理 架构变革，建立响应迅速、协同高效、精简的管理架构，提升市场竞争力；渠道 创新与变革，加快新兴渠道、自有渠道建设，拓展增长区域；经营机制变革，优 化激励机制，激发全员绩效热情；加快发展全产业链数字化发展模式，努力成为 行 ...

Core Viewpoint - The company reported a revenue of 5.759 billion yuan in the third quarter, showing a year-on-year growth of 1.04%, but incurred a net loss of 130 million yuan [1] - For the first three quarters, the company achieved a revenue of 18.231 billion yuan, reflecting a year-on-year decline of 0.99%, with a net profit of 87.2143 million yuan, down 25.05% year-on-year [1] Financial Performance - Q3 revenue was 5.759 billion yuan, up 1.04% year-on-year [1] - Q3 net loss was 130 million yuan [1] - Year-to-date revenue for the first three quarters was 18.231 billion yuan, down 0.99% year-on-year [1] - Year-to-date net profit was 87.2143 million yuan, a decrease of 25.05% year-on-year [1]

证券代码：600597 证券简称：光明乳业 公告编号：临 2025-032 号 光明乳业股份有限公司 第八届董事会第五次会议决议公告 同意 7 票、反对 0 票、弃权 0 票。 具体内容详见上海证券交易所网站 www.sse.com.cn《关于"提质增效重回 报"行动方案》。 光明乳业股份有限公司（以下简称"公司"、"本公司"）第八届董事会第五 次会议（以下简称"本次会议"）于 2025 年 10 月 30 日以通讯方式召开。本次会 议通知和会议材料于 2025 年 10 月 20 日以电子邮件方式发出。本次会议应参加 表决董事七人，实际参加表决董事七人，符合相关法律、法规以及公司《章程》 的规定。 二、董事会会议审议情况 (一)审议通过《2025 年第三季度报告》。 同意 7 票、反对 0 票、弃权 0 票。 本议案已经公司第八届董事会审计委员会第四次会议审议通过。 具体内容详见 2025 年 10 月 31 日《中国证券报》《上海证券报》《证券时报》 及上海证券交易所网站 www.sse.com.cn《2025 年第三季度报告》。 (二)审议通过《关于"提质增效重回报"行动方案》。 本公司董事会及全体董事 ...

光明乳业股份有限公司 2025 年第三季度报告 证券代码：600597 证券简称：光明乳业 光明乳业股份有限公司 2025 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 | 量净额 | | | | | | --- | --- | --- | --- | --- | | 基本每股收益（元/股） | -0.10 | 不适用 | 0.06 | -25.00 | | 稀释每股收益（元/股） | -0.10 | 不适用 | 0.06 | -25.00 | | 加权平均净资产收益率 （%） | -1.31 | 不适用 | 0.91 | 减少 0.42 个百 分点 | | | 本报告期末 | | 上年度末 | 本报告期末比 上年度末增减 | | | | ...

Group 1 - The core point of the article is that Bright Dairy reported a revenue of 5.759 billion yuan in the third quarter, showing a year-on-year growth of 1.04%, but incurred a net loss of 130 million yuan [1] - For the first three quarters, the company's revenue was 18.231 billion yuan, reflecting a year-on-year decline of 0.99%, while the net profit was 87.2143 million yuan, down 25.05% year-on-year [1]

Core Insights - The 24th China Shanghai International Arts Festival features over 500 activities and 1,200 performances, with Bright Dairy as a strategic partner, emphasizing the theme of "health nourishing the body, art nourishing the soul" [2][10] - Bright Dairy's participation transcends mere brand exposure, acting as a bridge to bring the festival's artistic brilliance into everyday life, enhancing the quality of life and the beauty of art [2][10] Brand Engagement - Bright Dairy leverages its core brands, "Bright Zhi You" and "Bright Ru Shi," to create a rich engagement matrix, aligning the national brand with the high-end cultural IP of the arts festival [3] - "Bright Zhi You," as a premium fresh milk brand, sponsors major performances, enhancing audience perception of its high quality through events like the Mahler Symphony and concerts with top orchestras [3][4] Artistic Collaboration - The highlight of the festival includes the concert by baritone Bryn Terfel, who integrates "Bright Zhi You" milk into his performance, sharing his personal connection to quality dairy products [4][5] - The collaboration between Bright Dairy and the arts festival reflects a shared pursuit of excellence and purity, with "Bright Ru Shi" focusing on original and community-oriented cultural expressions [6][7] Cultural Accessibility - Bright Dairy promotes cultural accessibility through initiatives like the "Art Sky" program, which brings performances to various urban locations, and the "Ticket Root Link" plan, enhancing the audience's experience [10][11] - The company also extends its cultural outreach to special groups, inviting visually impaired artists to experience high-quality performances, embodying the principle of "art without boundaries" [10][11] Brand Philosophy - Bright Dairy's strategic partnership with the arts festival is rooted in a mutual commitment to core values such as excellence and purity, transforming dairy products into vessels of artistic expression [7][8] - The brand's focus on high-quality ingredients and innovative production methods aligns with the artistic community's pursuit of authenticity and creativity [8][9] Conclusion - Bright Dairy's collaboration with the arts festival not only enriches the cultural landscape but also exemplifies the company's commitment to social responsibility, bridging the gap between quality products and artistic engagement [12]

Core Viewpoint - The 24th China Shanghai International Arts Festival is a significant cultural event aimed at enhancing international artistic exchange, with Bright Dairy as a strategic partner promoting health and art [1][25]. Group 1: Event Overview - The festival is organized by the Ministry of Culture and Tourism and the Shanghai Municipal Government, emphasizing "a grand event of art, a festival for the people" [1]. - Bright Dairy actively participates with its core brands, Bright Zhi You and Bright Ru Shi, promoting the idea of nourishing both body and soul through art [1]. Group 2: Concert Highlights - The highlight of the festival was the concert featuring renowned Welsh bass-baritone Bryn Terfel, conducted by Gianluca Marciano, held at the Shanghai Grand Theatre [3][4]. - Terfel's performance showcased his exceptional vocal talent, with a selection of arias that resonated deeply with the audience [6]. Group 3: Brand Engagement - During the concert, Terfel integrated Bright Zhi You's fresh milk into the performance, sharing his personal connection to dairy farming and praising Bright Dairy's products [8]. - The brand day event included a commemorative gift box presented to the artists, symbolizing Bright Dairy's commitment to art and cultural exchange [10][11]. Group 4: Cultural Exchange and Community Engagement - Bright Dairy's brand ambassador, Peter Phillips, highlighted the cultural bridge created by Bright Zhi You's fresh milk, emphasizing its role in international dialogue about quality living [15][16]. - The company invited visually impaired artists to experience the concert, reinforcing its mission to make art accessible to all [19][21]. Group 5: Future Commitment - Bright Dairy aims to continue its pursuit of high-quality products while expanding its cultural and artistic collaborations, ensuring that art reaches diverse communities [25].

Market Overview - The beverage and dairy sector experienced a decline of 0.52% on October 24, with Tianrun Dairy leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Individual Stock Performance - Jiamu Food (605300) closed at 12.15, up 1.93% with a trading volume of 88,700 shares and a turnover of 107 million yuan [1] - Yiyili (600887) closed at 27.28, down 0.33% with a trading volume of 329,600 shares and a turnover of 900 million yuan [1] - Tianrun Dairy (600419) closed at 9.96, down 4.41% with a trading volume of 172,900 shares and a turnover of 173 million yuan [2] Capital Flow Analysis - The beverage and dairy sector saw a net outflow of 130 million yuan from institutional investors, while retail investors had a net inflow of 42.26 million yuan [2] - Major stocks like Yiyili and Tianrun Dairy experienced significant capital movements, with Yiyili seeing a net outflow of 86.86 million yuan from retail investors [3] Summary of Key Stocks - Yiyili had a net inflow of 68.63 million yuan from institutional investors, but a net outflow of 86.86 million yuan from retail investors [3] - Tianrun Dairy attracted a net inflow of 23.83 million yuan from institutional investors, but also faced a net outflow of 40.36 million yuan from retail investors [3] - Jiamu Food had a net inflow of 17.74 million yuan from institutional investors, indicating positive interest [3]

Core Insights - The beverage and dairy sector experienced a slight decline of 0.15% on October 23, with Yangyuan Beverage leading the drop [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Sector Performance - The beverage and dairy sector saw mixed performances among individual stocks, with notable gainers including Xiangpiaopiao (+3.98%), Sunshine Dairy (+2.56%), and Tianrun Dairy (+1.76%) [1] - Conversely, Qiaoyuan Beverage led the declines with a drop of 5.62%, followed by Beimei (-0.62%) and Zhuangyuan Pasture (-0.37%) [2] Trading Volume and Capital Flow - The total trading volume for the beverage and dairy sector was significant, with Xiangpiaopiao recording a volume of 111,300 hands and a transaction value of 153 million yuan [1] - The sector experienced a net outflow of 130 million yuan from major funds, while retail investors contributed a net inflow of 205 million yuan [2] Individual Stock Capital Flow - Xiangpiaopiao had a net inflow of 29.48 million yuan from major funds, while it faced a net outflow of 10.78 million yuan from speculative funds [3] - East Peng Beverage saw a net inflow of 17.87 million yuan from major funds but a net outflow of 27.91 million yuan from speculative funds [3]

Core Insights - The beverage and dairy sector experienced a slight increase of 0.15% on October 22, with Yangyuan Beverage leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Yangyuan Beverage (603156) closed at 31.15, up 4.92% with a trading volume of 265,400 shares [1] - Zhuangyuan Pasture (002910) closed at 10.75, up 2.38% with a trading volume of 226,800 shares [1] - Huangshi Group (002329) closed at 3.69, up 1.37% with a trading volume of 174,000 shares [1] - Sanyuan Foods (600429) closed at 4.88, up 1.04% with a trading volume of 91,900 shares [1] - Bright Dairy (600597) closed at 8.61, up 0.94% with a trading volume of 98,600 shares [1] - Other notable stocks include Xiangpiaopiao (603711) and Tianrun Dairy (600419), which saw minor increases [1] Capital Flow - The beverage and dairy sector saw a net outflow of 174 million yuan from institutional investors, while retail investors contributed a net inflow of 218 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Yangyuan Beverage had a net inflow of 4.55 million yuan from institutional investors but saw a net outflow of 12.96 million yuan from retail investors [3] - Sanyuan Foods experienced a net inflow of 3.76 million yuan from institutional investors, while retail investors contributed a net inflow of 2.49 million yuan [3] - New Dairy (002946) faced a net outflow of 1.85 million yuan from institutional investors but had a net inflow of 6.03 million yuan from retail investors [3]