证券代码：600882 证券简称：妙可蓝多 公告编号：2025-055 上海妙可蓝多食品科技股份有限公司 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。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准上海妙可蓝多食品科技股份有限公司 非公开发行股票的批复》 （证监许可〔2021〕1466 号）核准，上海妙可蓝多食品 科技 股份有限公司（以下简 称"公司 "）以非公开 发行方式发行 A 股股票 元，扣除各项发行费用（不含增值税）后的实际募集资金净额为人民币 资金到位情况进行了审验，并出具了"利安达验字2021京 A2003 号"验资报告。 二、《募集资金专户存储三方监管协议》的签订情况和募集资金专户的开立 情况 为规范公司募集资金管理，保护中小投资者权益，根据有关法律法规及规范 性文件的规定，2021 年 7 月，公司及实施募投项目的子公司上海芝享食品科技 有限公司、广泽乳业有限公司、吉林市广泽乳品有限公司与保荐机构东方证券承 销保荐有限公司（已于 2024 年 9 月被其母公司东方证券股份有限公司吸收合并， 与东方证 ...

证券代码：600882 证券简称：妙可蓝多 公告编号：2025-055 上海妙可蓝多食品科技股份有限公司 关于新增募集资金专项账户签署三方监管协议的公告 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。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准上海妙可蓝多食品科技股份有限公司 非公开发行股票的批复》（证监许可〔2021〕1466 号）核准，上海妙可蓝多食品 科技股份有限公司（以下简称"公司"）以非公开发行方式发行 A 股股票 100,976,102 股，发行价格为每股 29.71 元，募集资金总额人民币 2,999,999,990.42 元，扣除各项发行费用（不含增值税）后的实际募集资金净额为人民币 2,981,164,864.86 元。利安达会计师事务所（特殊普通合伙）已对公司上述募集 资金到位情况进行了审验，并出具了"利安达验字[2021]京 A2003 号"验资报告。 二、《募集资金专户存储三方监管协议》的签订情况和募集资金专户的开立 情况 为规范公司募集资金管理，保护中小投资者权益，根据有关法律法规及规范 ...

Core Insights - The article discusses the cheese industry in China, focusing on the production processes, patent applications, and the technological aspects of processed cheese [10][11]. Group 1: Cheese Production Process - The production of processed cheese involves a complex process that includes natural cheese treatment, mixing with emulsifying salts and other ingredients, heating, continuous stirring, packaging, cooling, and storage [5][9]. - Key parameters affecting the quality of processed cheese include melting temperature, processing time, stirring speed, and cooling rate, which significantly influence the final product's texture and functionality [2][4][9]. Group 2: Ingredients and Composition - The composition of processed cheese is influenced by various chemical components such as fat content, moisture content, pH value, total calcium content, casein content, lactose content, and whey protein content [7][9]. - The total calcium content in processed cheese affects its manufacturing difficulty and functional properties, with higher calcium levels leading to increased hardness and reduced meltability [9]. - The pH value of processed cheese is crucial for its quality and microstructure, with an optimal range identified between 5.4 and 5.8 [9]. Group 3: Patent Landscape - As of now, there are over 3,700 cheese-related patents in China, with a notable increase in applications since 2015, peaking at 541 applications in 2023 [10][11]. - The leading applicant for cheese-related patents is Yijia Haonai, a subsidiary of Yili Group, with 137 patents, followed by Mengniu Dairy, Bright Dairy, Yili Company, and Miaokelan Duo [11].

Core Viewpoint - The Chinese dairy industry is undergoing a deep adjustment period, with traditional liquid milk consumption growth slowing down, while cheese is emerging as a high-growth segment driven by consumption upgrades and policy support, becoming a new battleground for leading dairy companies [1][2]. Industry Overview - The dairy sector has shown significant differentiation in the capital market, with traditional liquid milk giants like Yili and Mengniu experiencing stock price declines of around 3% to 4%, while companies like China Feihe and Miaokelando in the cheese segment have seen stock price increases of over 5% and 64% respectively, indicating positive market expectations for cheese [1]. - The cheese market in China is still in its early development stage, with a current consumer penetration rate of less than one-third, significantly lower than that of low-temperature yogurt [2][4]. Company Performance - Miaokelando reported a revenue of 1.233 billion yuan in Q1, a year-on-year increase of 6.26%, with a net profit of 82.4 million yuan, marking a substantial year-on-year growth of 114.88% [4]. - The company aims to achieve a cumulative revenue of no less than 19.9 billion yuan and a net profit of no less than 990 million yuan from 2025 to 2027, reflecting confidence in consumer recovery and industry growth [6]. Market Dynamics - The current low price of raw milk presents a rare opportunity for companies to optimize their cost structures, with the average price of fresh milk in major production areas dropping to 3.06 yuan per kilogram, a decrease of 8.4% year-on-year [4][5]. - The dairy industry has entered a phase of oversupply since 2018, primarily due to a lack of product diversity and saturation in overall milk consumption [4]. Strategic Initiatives - Miaokelando is focusing on enhancing its cheese production capabilities, with plans for a new factory in Jilin expected to be operational next year to improve supply chain efficiency and cost competitiveness [2]. - The company is adopting a dual strategy targeting both B-end (industrial catering) and C-end (household consumption) markets, with C-end expected to contribute approximately 65% and B-end around 35% of its business by 2024 [7]. Retail Trends - The retail landscape is undergoing significant changes, with emerging channels like membership stores and snack retailers gaining traction, prompting Miaokelando to adapt its strategies to align with these trends [7]. - The company is committed to deepening its engagement with new retail channels and optimizing traditional e-commerce operations to capture market opportunities [8].

Core Insights - The cheese consumption in China has reached parity with Japan, but per capita consumption remains low at 0.2 kg compared to approximately 2 kg in Japan, South Korea, and Singapore, indicating long-term growth potential for the cheese market in China [1][2] - The cheese industry is currently one of the most dynamic and promising segments within China's dairy sector, driven by favorable policies, industry upgrades, and rising consumer demand for healthy, high-protein foods [1][2][3] Industry Development - Recent policies, including consumption and fertility incentives, have created opportunities for the cheese industry [2] - The Ministry of Agriculture and Rural Affairs has issued plans to enhance the competitiveness of the dairy industry, emphasizing cheese production technology and product development tailored to Chinese tastes [2][3] - The cheese retail market in China was valued at 131 billion yuan in 2021, with an expected growth rate of 14.5% from 2022 to 2026 [2] Market Dynamics - The Chinese Cheese Association aims for national cheese production to reach 500,000 tons and the retail market to exceed 30 billion yuan by 2025 [3] - The cheese market is experiencing rapid growth, driven by economic development and increasing consumer awareness of dairy products [3][4] Competitive Landscape - The cheese sector is attracting numerous entrants due to high profit margins, leading to increased competition and diversification of cheese products [4] - Miao Ke Lan Duo is a leading player in the cheese market, with projected revenues of 4.844 billion yuan in 2024 and a significant increase in net profit [4][5] Strategic Goals - Miao Ke Lan Duo has set a revenue target of no less than 19.9 billion yuan from 2025 to 2027, with annual targets of 5.6 billion, 6.5 billion, and 7.8 billion yuan respectively [5] - The company plans to innovate its product offerings, enhance brand image, and optimize distribution channels to achieve its strategic goals [5][6] Future Outlook - The cheese market in China is expected to undergo a significant transformation, with potential for per capita consumption to increase by 6 to 7 times as consumer awareness grows [6] - The industry is poised for a "golden development period" as it transitions from a focus on liquid dairy products to a more balanced consumption of cheese and milk [6]

Group 1 - The domestic cheese industry is gradually moving out of the price war impact of cheese sticks and is beginning to regain growth through transformation towards snackification and entering the B-end market [1][3] - Major cheese companies in China are shifting their growth strategies towards new snack scenarios and the B-end market, particularly in response to the challenges faced during the price wars [3][5] - In 2024, Miaokelando reported a revenue of 4.84 billion yuan, a decrease of 9% year-on-year, but a net profit attributable to shareholders of 110 million yuan, an increase of 89.2% [3][5] Group 2 - The ready-to-eat nutrition series, including cheese sticks, saw significant revenue declines in 2022 and 2023 due to market competition, but in 2024, this segment's revenue grew by 3.2% to 2.05 billion yuan [5] - The retail cheese market's sales decreased by 8.7% in the first quarter of 2025, but the decline is narrowing, with adult snack cheese showing high growth [5][6] - Companies are expanding their product offerings to cover all age groups and new consumption scenarios, including office snacks and fitness supplements [5][6] Group 3 - The cheese market in China is expected to follow trends seen in Japan, where cheese consumption has increased significantly due to aging demographics and the rise of Western-style dining [7] - The competition is shifting to the supply chain level, with domestic cheese companies relying heavily on imported raw materials, which poses new challenges [8][10] - In the first four months of 2025, China imported 63,000 tons of cheese, a year-on-year increase of 10.6%, primarily from New Zealand and Australia [8][10] Group 4 - Domestic dairy companies are exploring the production of raw cheese to reduce reliance on imports, with Miaokelando constructing a raw cheese factory expected to be operational by 2026 [10][11] - The construction of raw cheese factories can help stabilize the cyclical fluctuations of the dairy industry by converting excess fresh milk into high-value cheese products [10][11] - The long-term economic viability of domestic raw cheese production remains uncertain due to fluctuating milk prices [11]

Core Viewpoint - The company is preparing for the 2024 Annual General Meeting (AGM) and has outlined the procedures and key agenda items for the meeting, including the review of various reports and proposals related to its operations and governance [1][2][4]. Group 1: Meeting Procedures - The company emphasizes the importance of maintaining order during the AGM and requires attendees to present identification and authorization documents [1][2]. - Voting will be conducted through a combination of on-site and online methods, with specific rules regarding late arrivals and participation [2][3]. - Attendees are reminded to respect the meeting's decorum and cooperate with staff to ensure a smooth process [2][3]. Group 2: Financial Performance - For the fiscal year 2024, the company reported a total revenue of CNY 4.84 billion, a decrease of 8.99% compared to the previous year [20][21]. - The net profit attributable to shareholders was CNY 113.62 million, reflecting a significant increase of 89.16% year-on-year [6][21]. - The company achieved a net cash flow from operating activities of CNY 530.73 million, marking a substantial improvement of 101.28% from the previous year [6][21]. Group 3: Business Strategy and Operations - The company continues to focus on its core cheese business, which generated revenue of CNY 3.76 billion, a year-on-year increase of 6.92% [6][7]. - The company has implemented various operational measures to enhance efficiency and reduce costs, contributing to improved profit margins [6][7]. - Product innovation remains a priority, with new offerings such as preservative-free cheese sticks and seasonal products aimed at expanding market share [8][9]. Group 4: Governance and Compliance - The board of directors has adhered to legal and regulatory requirements, holding 14 meetings and convening 5 AGMs during the reporting period [13][14]. - The company has established specialized committees to support governance, including a strategic committee and an audit committee, which have met regularly to oversee key decisions [14][15]. - The company plans to revise its articles of association to align with new regulatory guidelines and enhance corporate governance [27][28].

上海妙可蓝多食品科技股份有限公司 2024 年年度股东大会会议资料 二〇二五年六月 为维护广大投资者合法权益，保证股东及代理人在上海妙可蓝多食品科技股 份有限公司（以下简称"公司"）股东大会依法行使股东权利，确保股东大会正 常秩序和议事效率，根据相关法律法规及《上海妙可蓝多食品科技股份有限公司 章程》（以下简称"《公司章程》"）等有关规定，提请参会股东及代理人注意以下 事项： 一、公司董事会办公室具体负责大会有关程序方面的事宜。 二、出席现场会议的股东及代理人请按规定出示身份证或法人单位证明以及 授权委托书等证件，经验证合格后方可出席会议。 三、会议主持人宣布现场出席会议的股东和代理人人数及所持有表决权的股 份总数之后，迟到股东所持股份数不计入现场有效表决的股份数，但可以通过网 络投票方式参与表决。 四、与会者要保持会场正常秩序，会议期间不要大声喧哗，请关闭手机或将 其调至静音状态。全体出席人员在股东大会召开过程中，应以维护股东合法权益， 确保大会正常秩序和议事效率为原则，认真履行法定职责。 五、股东及代理人参加股东大会，依法享有发言权、质询权、表决权等各项 权利。任何股东及代理人不得以任何方式进行摄像、录音 ...

Core Insights - The Chinese cheese industry is rapidly evolving, transitioning from "domestic cheese production" to "cheese snacks" and "cheese in Chinese cuisine" [1][4] - The CEO of Miaokelando, Kuai Yulong, emphasizes that the shift from "drinking milk" to "consuming both milk and cheese" is an inevitable trend, indicating a high-quality "golden development period" for the cheese industry in China [1][5] Industry Growth Potential - The cheese industry in China has experienced significant growth, with retail channel cheese product sales growing at an average annual rate of 21% from 2015 to 2022, and restaurant channel sales growing at 12% [2][7] - Forecasts suggest that from 2022 to 2027, retail cheese products will grow at an average annual rate of 9%, while restaurant cheese products will grow at 4% [2] Consumption Comparison - China's per capita cheese consumption in 2023 is only 0.2 kg, significantly lower than Singapore's 1.6 kg and Japan's 1.8 kg, indicating substantial growth potential [3] - The penetration rate for cheese in China is below one-third, compared to 40%-60% for low-temperature yogurt and 85.2% for room-temperature milk [3] Market Opportunities - The domestic cheese market is exploring new directions, including "cheese in Chinese cuisine," which presents significant market opportunities [4] - Kuai Yulong highlights that the B2B market for cheese in restaurants is still in its early stages, providing ample opportunities for domestic cheese brands [4] Miaokelando's Market Position - Miaokelando holds a 48.8% market share in the domestic cheese market as of the end of 2024, up from 46.8% in 2023, maintaining its position as the leading cheese company in China [10] - The company reported a revenue of 4.844 billion yuan in 2024, with a 6.92% increase in cheese business revenue and a significant net profit growth of 89.16% [10] Strategic Goals - Miaokelando aims for a cumulative revenue of no less than 19.9 billion yuan and a cumulative net profit of no less than 990 million yuan from 2025 to 2027 [10] - The company plans to innovate across three dimensions: product innovation, brand image enhancement, and channel optimization [10][11]

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。 证券代码：600882 证券简称：妙可蓝多 公告编号：2025-054 上海妙可蓝多食品科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理到期赎回并 继续进行现金管理的公告 重要内容提示： 一、本次现金管理到期赎回的情况 2024 年 12 月 30 日，公司全资子公司广泽乳业有限公司使用部分闲置募集 资金购买了"兴业银行企业金融人民币结构性存款产品"，产品期限 163 天，起 息日 2024 年 12 月 31 日，金额 10,000 万元。具体内容详见公司于 2024 年 12 月 31 日在上海证券交易所网站（www.sse.com.cn）及公司指定信息披露媒体《中国 证券报》《上海证券报》《证券时报》《证券日报》披露的《关于使用部分暂时闲 置募集资金进行现金管理到期赎回并继续进行现金管理的公告》（公告编号： 2024-108）。该产品已于 2025 年 6 月 12 日到期，截至本公告披露日，公司已赎 回本金 10,000 万元，并获得收益 1,013,726.0 ...