妙可蓝多公告称，控股股东内蒙蒙牛已增持322,100股，耗资782.69万元，增持后持股比例从36.77%升 至36.84%。自2025年12月29日起3个月内，内蒙蒙牛计划继续增持255.0268 - 510.0536万股，占总股本 0.50% - 1.00%，资金源于自有资金。增持计划可能因资本市场变化等因素无法达预期，若发生公司将及 时披露。 ...

Core Viewpoint - The company, Miaokelan Duo, indicated that its sales revenue over the past two years has primarily come from the domestic market, with details on overseas sales revenue to be provided in future periodic reports [2] Group 1 - The company has confirmed that its sales revenue is mainly derived from the domestic market [2] - Future reports will clarify the specifics of overseas sales revenue [2]

Industry Dynamics - The 2025 version of the "Encouragement Directory for Foreign Investment Industries" has been released, effective from February 2026, promoting foreign investment in the health industry, particularly in the central and northeastern regions of China [1] - A total investment of 377 million yuan has been initiated for the modern sheep milk industry park project, aiming to create a closed-loop industrial chain, with the first phase expected to be operational by November next year [2] - The 2025 Hurun China Food Industry Top 100 list includes 11 dairy companies and 3 health food companies, with notable growth in the cheese business of Miaokelando, which saw a 63% increase in value [3] Brand Dynamics - Yili Group's Jin Hao factory has received a "five-star" rating for on-site management from the China Quality Association, marking it as the first dairy factory in China to achieve this recognition [4] - Jianhe Group has signed a new strategic cooperation agreement with JD Health, targeting a combined business goal of 10 billion yuan over the next three years, covering various nutrition brands [5] - Mengniu has launched the "Inner Mongolia Flavor" 2026 plan, showcasing innovative products and aiming to promote domestic raw material substitution in the dairy industry [6] Channel Dynamics - Gao Ge Dairy has initiated the "Student Nutrition Service Station" strategy to address declining foot traffic in traditional maternal and infant channels, targeting families with children aged 3-15 [7] - ThaiBev is shifting its strategic focus towards dairy products and soft drinks, planning to invest in expanding its halal dairy production base in Malaysia as part of its 2030 strategy [8] - Kidswant Ultra has opened its first store in Beijing, integrating cultural elements and popular global IPs to establish a competitive edge in the market [9] - The "Xiaofeixiang" Sichuan-Chongqing branch has been launched, marking a significant step in deepening regional market penetration and resource integration [10]

Group 1 - The dairy sector experienced a decline of 1.90%, ranking among the top losers in the concept sector, with major declines seen in companies like Miaokelan Duo, Huangshi Group, and Nanjiao Foods [1][2] - Among the dairy stocks, four companies saw price increases, with Wancheng Group, Ketaobiology, and Xinnong Development rising by 0.91%, 0.66%, and 0.27% respectively [1] - The dairy sector faced a net outflow of 424 million yuan from main funds, with 28 stocks experiencing net outflows, and six stocks seeing outflows exceeding 30 million yuan [2][3] Group 2 - The top net outflow was from Yili Group, with a net outflow of 69.81 million yuan, followed by Huangshi Group, Miaokelan Duo, and Sanyuan Group with outflows of 61.06 million yuan, 48.80 million yuan, and 41.81 million yuan respectively [2][3] - The stocks with the highest net inflows included Dabeinong, Yantang Dairy, and Xinnong Development, with inflows of 12.67 million yuan, 0.38 million yuan, and 0.21 million yuan respectively [2][3] - The dairy sector's performance was contrasted with other sectors, such as PEEK materials and carbon fiber, which saw gains of 3.23% and 2.52% respectively [2]

每经AI快讯，12月29日，乳业板块走弱，妙可蓝多跌超9%，皇氏集团、西部牧业、阳光乳业、三元股 份、熊猫乳品、均瑶健康等跟跌。 （文章来源：每日经济新闻） ...

Core Viewpoint - The article discusses the upcoming economic strategies and goals for 2026, emphasizing the importance of expanding domestic demand and enhancing supply optimization as outlined in the Central Economic Work Conference. It highlights the resilience of the Chinese economy and the strategic initiatives of companies like Shanghai Miaokelando Food Technology Co., Ltd. to align with these national objectives. Group 1: Economic Context - The Central Economic Work Conference emphasizes the need to "maintain stability while seeking progress" in economic work for the upcoming year, focusing on stabilizing employment, enterprises, markets, and expectations to achieve qualitative and quantitative growth [1] - The article introduces a special report titled "Looking at 2026: The New Journey of the 15th Five-Year Plan," which aims to gather insights from regulatory bodies, scholars, and leading entrepreneurs to interpret policy trends and changes [1] Group 2: Company Strategy - Shanghai Miaokelando's strategic goal for 2026 is to leverage systematic product innovation and a dual-driven business model to enhance brand influence, product competitiveness, and operational efficiency while expanding market size [2] - The company plans to deepen category innovation and optimize supply structure by developing cheese products suitable for Chinese family and children's consumption scenarios, thereby creating new demand and enhancing market growth [5] - Miaokelando aims to drive the development of "new quality productivity" through technological research and development, focusing on innovations in dairy processing technology and integrating biotechnology with traditional cheese production [5] Group 3: Performance and Market Goals - In terms of performance growth, Miaokelando intends to consolidate and expand its leading position in the Chinese cheese market, focusing on internal operational optimization to enhance profitability and single-point output [6] - The company targets to capture opportunities in domestic substitution and market expansion, aiming for the Chinese cheese market to reach a scale of 100 billion, achieving synchronized growth in revenue and profit [6] - Miaokelando plans to expand its product offerings beyond children to include adults and the elderly, as well as extend its product usage scenarios from snacks to family meals and baking [6][7]

证券代码：600882 证券简称：妙可蓝多 公告编号：2025-107 上海妙可蓝多食品科技股份有限公司 关于参股并购基金进展及相关风险的提示性公告 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： 并购基金名称：上海祥民股权投资基金合伙企业（有限合伙） 公司投资金额：人民币 10,000 万元 风险提示：由于上海妙可蓝多食品科技股份有限公司（以下简称"公司"或 "妙可蓝多"）参股的上海祥民股权投资基金合伙企业（有限合伙）（以下简称 "并购基金"）及其下属主体担保的吉林省耀禾经贸有限公司（以下简称"吉林 耀禾"或"债务人"）逾期未清偿债务，内蒙古蒙牛乳业（集团）股份有限公司 （以下简称"内蒙蒙牛"或"债权人"，为公司控股股东）前期已在境内对相关 方提起仲裁，并在境外对并购基金底层资产发起接管程序。近日，公司收到内蒙 蒙牛出具的《告知函》，北京仲裁委员会已就该案作出仲裁裁决，裁决吉林耀禾 向债权人偿还贷款本金、利息等款项，并且内蒙蒙牛就所享有的该等债权，在并 购基金所持长春市联鑫投资咨询有限公司（以下简称"长春联鑫 ...

Core Viewpoint - Miaokelan Duo (600882.SH) announced that due to overdue debts of Jilin Yaohua Economic and Trade Co., Ltd., a company in which it has invested through a merger fund, it faces potential significant losses impacting its net profit [1] Group 1: Debt and Arbitration - The company’s merger fund and its subsidiaries are unable to realize liquidation distribution due to the overdue debts of Jilin Yaohua [1] - Inner Mongolia Mengniu Dairy Co., Ltd., the creditor and controlling shareholder, has initiated arbitration and asset takeover procedures against the merger fund [1] - The Beijing Arbitration Commission has ruled that Jilin Yaohua must repay the principal and interest of the loan to the creditor [1] Group 2: Priority of Claims - Mengniu Dairy has priority rights to the proceeds from the auction or sale of the 99.99% equity of Changchun Lianxin Investment Consulting Co., Ltd. and the 90% equity of Jilin Zhiran Dairy Technology Co., Ltd. held by Changchun Lianxin [1] - If Jilin Yaohua and related parties fail to repay the loan on time, there is a possibility that the merger fund's subsidiaries may be auctioned or sold, with Mengniu Dairy having priority to the proceeds [1] Group 3: Risk of Investment Loss - The company faces a risk of significant losses on its investment in the merger fund and its subsidiaries if the guarantor fails to fulfill its compensation commitment [1] - This situation could have a major impact on the company's net profit for the relevant period [1]

妙可蓝多公告称，公司曾于2018年出资1亿元参与认购并购基金份额，该基金名为上海祥民股权投资基 金合伙企业（有限合伙）。因该并购基金及其下属主体为吉林耀禾经贸有限公司债务提供担保，而吉林 耀禾逾期未清偿债务，内蒙蒙牛已提起仲裁并获裁决，其对并购基金所持长春联鑫99.99%股权等经拍 卖或变卖后所得价款享有优先受偿权。公司无法实现并购基金中本金及收益退出，若承诺人柴琇不能履 行补偿承诺，公司投资或产生重大损失，影响净利润。公司将启动法律追偿手段。 ...

Core Viewpoint - Miao Ke Lan Duo's stock price has experienced fluctuations, with a year-to-date increase of 49.89% but a recent decline in the last five trading days by 5.93% [1] Group 1: Stock Performance - As of December 26, Miao Ke Lan Duo's stock price was 26.83 yuan per share, with a market capitalization of 13.685 billion yuan [1] - The stock has seen a trading volume of 1.16 billion yuan and a turnover rate of 0.84% [1] - The company has experienced a net outflow of main funds amounting to 15.8623 million yuan [1] Group 2: Financial Performance - For the period from January to September 2025, Miao Ke Lan Duo reported a revenue of 3.957 billion yuan, reflecting a year-on-year growth of 10.09% [2] - The net profit attributable to shareholders for the same period was 176 million yuan, showing a significant year-on-year increase of 106.88% [2] Group 3: Company Overview - Miao Ke Lan Duo, established on November 29, 1988, is located in Shanghai and was listed on December 6, 1995 [1] - The company's main business involves the research, production, and sales of dairy products, primarily cheese, which constitutes 83.20% of its revenue [1] - Other revenue sources include trade (8.94%), liquid milk (7.29%), and other products (0.57%) [1] Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 39,100, a rise of 13.85% [2] - The average number of circulating shares per shareholder decreased by 12.51% to 13,045 shares [2] - Hong Kong Central Clearing Limited is the seventh-largest circulating shareholder, holding 6.1521 million shares as a new shareholder [3]