12月23日，妙可蓝多盘中上涨2.03%，截至10:50，报29.11元/股，成交2.87亿元，换手率1.96%，总市值 148.48亿元。 资金流向方面，主力资金净流出1756.60万元，特大单买入2224.65万元，占比7.75%，卖出3482.29万 元，占比12.13%；大单买入5694.01万元，占比19.84%，卖出6192.96万元，占比21.58%。 资料显示，上海妙可蓝多食品科技股份有限公司位于上海市浦东新区金桥路1398号金台大厦10楼，成立 日期1988年11月29日，上市日期1995年12月6日，公司主营业务涉及以奶酪为核心的特色乳制品的研 发、生产和销售，其中奶酪产品可以进一步细分为即食营养系列、家庭餐桌系列和餐饮工业系列。同时 公司也从事液态奶的研发、生产和销售，以及乳制品贸易业务。主营业务收入构成为：奶酪83.20%， 贸易8.94%，液奶7.29%，其他0.57%。 妙可蓝多所属申万行业为：食品饮料-饮料乳品-乳品。所属概念板块包括：社区团购、新零售、国产乳 业、融资融券、中盘等。 妙可蓝多今年以来股价涨62.63%，近5个交易日涨8.18%，近20日涨11.83%，近60日涨 ...

乳业板块高开，立高食品高开超8%，骑士乳业、皇氏集团、庄园牧场、妙可蓝多跟涨。消息面上，商 务部对原产于欧盟的进口相关乳制品实施临时反补贴措施。 ...

Investment Rating - The industry investment rating is "Positive" and is maintained [9] Core Insights - In the first three quarters of 2025, the Chinese fast-moving consumer goods (FMCG) market exhibited distinct characteristics of "price reduction, volume increase, structural differentiation, and channel reshaping." The overall market average price decreased by 2.4% year-on-year, but the decline has narrowed, indicating price stabilization. Third to fifth-tier cities have become the main drivers of sales recovery, while competition in first and second-tier cities has intensified. Notably, packaged food sales led with a growth rate of 3.4%, although the momentum is slowing due to price sensitivity. Beverages are the only category to experience a decline, significantly impacted by price wars and competition from freshly brewed tea drinks [2][4][27]. Summary by Sections Market Overview - The FMCG market in China is characterized by a "price reduction, volume increase" trend, with a 2.4% year-on-year decline in average prices, which is stabilizing. Sales growth in lower-tier cities contributed approximately 80% to market growth, with a year-on-year increase of 4-6% [17][21][27]. Category Performance - Packaged food sales grew by 3.4% year-on-year, driven by stable demand for core and snack food categories. However, growth momentum is slowing, with quarterly growth rates of 4.6%, 4.2%, and 2.9%. In contrast, the beverage category saw a 1.1% decline in sales, despite a 3.6% increase in volume, primarily due to a 4.6% drop in average prices [21][25][27]. Channel Dynamics - The channel landscape is evolving, with traditional offline channels continuing to shrink. Emerging formats such as warehouse membership stores and snack collection stores are experiencing rapid growth, with increases of approximately 40%, 51%, and 92% respectively. E-commerce channels also showed resilience with a growth rate of about 7% [22][27]. Subsector Performance - The food and beverage sector has seen a mixed performance, with the overall index down 3.66% since the beginning of the year, lagging behind the CSI 300 index. However, subsectors like snack foods, food composites, and soft drinks have shown relative strength in recent weeks [29][35]. Industry Trends - The liquor industry is undergoing strategic adjustments, with major companies like Kweichow Moutai and Wuliangye implementing market reforms. Fast food and coffee brands are leveraging price adjustments and co-branding initiatives to attract consumers. The soft drink sector is focusing on product innovation and brand exposure, while the dairy sector is investing in capacity expansion and governance changes [35][36][37].

事件概述 据公告，柴琇的本次减持计划首次披露于2025年8月28日，计划减持期间为2025年9月19日至2025年12月 18日。截至2025年12月18日，该减持计划时间区间已届满。妙可蓝多于12月19日收到柴琇出具的《减持 结果告知函》，确认其在上述期间内未减持公司股份。 减持计划背景：原拟减持不超过1000万股 公告显示，柴琇本次减持计划的原因为"个人资金需求"，拟通过大宗交易方式减持公司股份不超过1000 万股，占公司总股本的比例约1.96%（以减持计划披露时公司总股本计算）。 根据减持计划披露时的安排，柴琇计划在2025年9月19日至2025年12月18日期间内实施减持，减持价格 将根据市场价格确定。 实际减持情况：0股减持 原计划未实施 公告详细披露了本次减持计划的实际执行结果。数据显示，在上述减持期间内，柴琇未通过任何方式减 持公司股份，实际减持数量为0股，减持总金额0元，减持比例0.00%。 上海妙可蓝多食品科技股份有限公司（以下简称"妙可蓝多"，600882.SH）于2025年12月20日披露公告 称，公司持股5%以上股东、副董事长兼总经理柴琇女士此前披露的减持计划已实施届满。公告显示， 柴 ...

证券代码：600882 证券简称：妙可蓝多 公告编号：2025-106 上海妙可蓝多食品科技股份有限公司 关于持股 5%以上的股东、董事兼高级管理人员 减持计划时间届满暨未减持股份的结果公告 上述减持主体存在一致行动人： 本公司董事会、全体董事及相关股东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： 持股 5%以上的股东、董事兼高级管理人员持股的基本情况 本次减持计划实施前，上海妙可蓝多食品科技股份有限公司（以下简称"公 司"）持股 5%以上的股东、副董事长兼总经理柴琇女士直接持有公司 76,103,632 股股份，占公司股份总数的 14.92%；柴琇女士之一致行动人吉林省东秀商贸有 限公司（以下简称"东秀商贸"）持有公司 5,280,000 股股份，占公司股份总数的 1.04%；柴琇女士及东秀商贸合计持有公司 81,383,632 股股份，占公司股份总数 的 15.96%。 减持计划的实施结果情况 截至 2025 年 12 月 18 日，柴琇女士本次减持计划实施时间已届满。公司于 12 月 19 日收到柴琇女士出具的《关于减持上海 ...

妙可蓝多公告，截至2025年12月18日，副董事长兼总经理柴琇的减持计划时间已届满，其在减持计划期 间内未减持公司股份。柴琇女士直接持有公司7610.36万股股份，占公司股份总数的14.92%。其一致行 动人吉林省东秀商贸有限公司持有公司528万股股份，占公司股份总数的1.04%。柴琇女士及东秀商贸 合计持有公司8138.36万股股份，占公司股份总数的15.96%。 ...

Group 1 - The beverage and dairy sector increased by 0.75% on December 17, with Zhuangyuan Pasture leading the gains [1] - The Shanghai Composite Index closed at 3870.28, up 1.19%, while the Shenzhen Component Index closed at 13224.51, up 2.4% [1] - Zhuangyuan Pasture's stock price rose by 10.05% to 11.28, with a trading volume of 174,000 shares and a transaction value of 191 million yuan [1] Group 2 - The beverage and dairy sector saw a net outflow of 26.73 million yuan from institutional funds, while retail investors experienced a net outflow of 104 million yuan [2] - The stock of Huangshi Group fell by 10.04% to 4.12, with a trading volume of 1.7865 million shares and a transaction value of 765 million yuan [2] - The stock of Beiningmei decreased by 2.22% to 6.17, with a trading volume of 805,400 shares and a transaction value of 498 million yuan [2]

Core Viewpoint - The dairy sector in the A-share market has shown strong performance, with multiple stocks experiencing significant gains over four consecutive days [1] Group 1: Stock Performance - Zhuangyuan Pasture reached the daily limit up, indicating strong investor interest [1] - Tianrun Dairy increased by over 5%, reflecting positive market sentiment [1] - Miaokelando rose nearly 5%, contributing to the overall strength of the sector [1] - Knight Dairy, Liziyuan, and Sanyuan Shares all saw increases of over 3%, showcasing broad-based gains across the industry [1]

Market Strategy - The market is experiencing continuous volume contraction, with the retail sector showing resilience [5][10] - The overall A-share market saw a decline of 1.45%, with the Shanghai Composite Index down 1.11% and the ChiNext Index down 2.10% [9][10] - The retail sector is expected to benefit from government policies aimed at boosting consumption, especially as the year-end shopping season approaches [10][11] Company Tracking - Chongqing Beer (600132.SH) is involved in a lawsuit and is planning to sign a mediation agreement, which may impact its financials positively [38][41] - Miao Ke Lan Duo (600882.SH) announced expected related party transactions for 2026, with a projected decrease in procurement amounts compared to 2025 [33][35] - YH Bio (688575.SH) received two medical device registration certificates, indicating potential growth in its product offerings [36] - Mingyang Smart Energy (601615.SH) won a bid for a significant offshore wind power project valued at 1.834 billion yuan, enhancing its market position in renewable energy [42][44] Industry Dynamics - The Three Gorges Jiangsu Dafeng 800 MW offshore wind power project has achieved full capacity grid connection, marking a significant advancement in China's offshore wind energy capabilities [31][32] - The National Development and Reform Commission emphasized the need to enhance domestic consumption and support various sectors, including e-commerce and health care, to stimulate economic growth [21][22]

Group 1 - The core point of the article is the announcement of personnel changes at Miaokelando, a leading cheese company, with the retirement of director Zhang Ping and the nomination of Shen Xinwen as a non-independent director candidate [2][4] - Zhang Ping, aged 61, has been a key figure in the company's growth since 2016 and was originally set to serve until November 2027 [3][4] - Shen Xinwen, aged 54, has extensive experience in the fast-moving consumer goods (FMCG) sector and was recently appointed as the CFO of Mengniu [4][5] Group 2 - The announcement states that Zhang Ping's resignation will take effect after the election of a new director at the shareholders' meeting, ensuring no disruption to the company's operations [4] - Shen Xinwen's background includes over 20 years in finance and management roles across various business lines at COFCO, indicating a strong fit for the position [5] - The company has shown steady growth, with a reported revenue of 3.957 billion yuan for the first three quarters of 2025, a year-on-year increase of 10.09%, and a net profit of 176 million yuan, up 106.88% year-on-year [5]