截至12月9日收盘，乳业概念上涨1.12%，位居概念板块涨幅第5，板块内，21股上涨，皇氏集团涨停， 一鸣食品、均瑶健康、欢乐家等涨幅居前，分别上涨6.10%、5.00%、3.87%。跌幅居前的有怡亚通、立 高食品、万辰集团等，分别下跌1.44%、1.17%、0.77%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 共封装光学(CPO) | 1.64 | 海南自贸区 | -3.33 | | 福建自贸区 | 1.44 | 金属铅 | -3.05 | | PVDF概念 | 1.39 | 金属锌 | -2.82 | | 太赫兹 | 1.14 | 金属铜 | -2.58 | | 乳业 | 1.12 | 天津自贸区 | -2.31 | | 海峡两岸 | 1.04 | 特钢概念 | -2.07 | | 数字水印 | 0.83 | 磷化工 | -2.05 | | 共享单车 | 0.81 | 黄金概念 | -2.02 | | 光刻机 | 0.77 | 金属镍 | -2.01 | | PCB概念 | 0.68 | 小金属概 ...

转自：中国质量报 同时，可持续社会价值生态圈的3家轮值主席单位伊利集团、腾讯集团、联想集团，共同发布了可持续社会价值生态圈的3项 联合计划——深根者计划、伊心向阳志愿者计划、智享银龄计划。 伊利提出的"生态解法"，是其过去多年在可持续供应链、社会价值协同与数字公益领域持续探索后的系统总结。在产业链生态 领域，伊利早在2022年就发布了中国食品行业第一个"双碳"目标及路线图。同时，伊利牵头成立的"零碳联盟"已扩容至154家 核心企业，90%完成低碳转型；全球低水足迹倡议联盟已汇聚了60家全球伙伴。 作为本届大会最受关注的论坛之一，"生态——社会创新的新基座"主题平行论坛由《中国慈善家》杂志、可持续社会价值生态 圈、腾讯SSV联合主办，《中国慈善家》影响力慈善研究院承办，伊利集团（以下简称"伊利"）可持续和社会价值副总裁、可 持续社会价值生态圈轮值主席乔璐担任主持。论坛以更系统、更前沿的视角剖析当下社会价值创新的痛点，并发布伊利面向 未来的系统性可持续解决方案——"生态解法"。 在全球可持续发展与社会创新面临深刻变革的今天，这一解法不仅回应了技术变迁、系统问题与协同治理的新挑战，也展示 了中国企业在全球社会价值领 ...

Group 1 - The food and beverage sector is experiencing a significant pullback, with the Food ETF (515710) down 1.35% as of the latest report [1] - Major stocks in the sector, particularly in the liquor category, are seeing substantial declines, with Luzhou Laojiao and Gujing Gongjiu both dropping over 3% [1] - The recent launch of a commemorative product by Kweichow Moutai, priced at 11,000 yuan per bottle, sold out quickly, indicating strong demand in a specific consumer group [2][3] Group 2 - Analysts highlight that the rapid sellout of the commemorative liquor reflects the brand's strong market appeal and pricing power, serving as a barometer for the high-end liquor market [3] - Kweichow Moutai maintains a strong brand barrier and a solid business model, with expectations for stable growth during the 14th Five-Year Plan period [3] - The Food ETF (515710) has Kweichow Moutai as its largest holding, accounting for 14.89% of the fund's assets as of Q3 2025 [4] Group 3 - The valuation of the food and beverage sector is currently at a historical low, suggesting a potential opportunity for investment [4] - The price-to-earnings ratio for the Food ETF's underlying index is 20.15, placing it in the lower 5.48% of the past decade [4] - Analysts recommend focusing on leading companies with stable demand and risk resilience, as well as those actively pursuing new channels and high-growth opportunities [6]

重要内容提示： 本次利润分配方案经公司2025年11月28日的2025年第一次临时股东大会审议通过。 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（简称"中 国结算上海分公司"）登记在册的本公司全体股东。 (三)分配方案： 1、无限售条件流通股的红利委托中国结算上海分公司通过其资金清算系统向股权登记日上海证券交易 所收市后登记在册并在上海证券交易所各会员办理了指定交易的股东派发。已办理指定交易的投资者可 于红利发放日在其指定的证券营业部领取现金红利，未办理指定交易的股东红利暂由中国结算上海分公 司保管，待办理指定交易后再进行派发。 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。 2、对于合格境外机构投资者（"QFII"），公司将根据《关于中国居民企业向QFII支付股息、红利、利 息代扣代缴企业所得税有关问题的通知》（国税函[2009]47号）的规定，按照10%的税率统一代扣代缴 所得税，扣税后每股实际派发现金红利人民币0.432元。如该类股东取得股息、红利收入需要享受任何 税收协定（安排）待 ...

Company News - Weidi Co., Ltd. plans to acquire control of Jiu Xing Precision by purchasing 51% of the shares from its current shareholders, which is expected to constitute a major asset restructuring. The acquisition will allow Weidi to gain at least 51% voting rights in Jiu Xing Precision, making it a subsidiary [6][7] - Jiu Xing Precision specializes in the research, production, and sales of precision metal components, primarily serving the mid-to-high-end home appliance sector. It is recognized as a "little giant" enterprise in the national specialized and innovative category [7] - Yili Co., Ltd. announced a cash dividend distribution plan for the first half of 2025, proposing a distribution of 0.48 yuan per share, totaling 3.036 billion yuan, with the record date set for December 16, 2025 [8] - Suhao Fashion plans to conduct an asset swap with its controlling shareholder, involving the acquisition of a 54% stake in Jiangsu Suhao Zhongjia Fashion Co., Ltd. and the divestment of its 100% stake in Jiangsu Shuntian Chemical Storage Co., Ltd. [8] - China Shipbuilding announced a cooperation agreement for a new shipbuilding project involving 87 vessels, with a total value of approximately 50 billion yuan, primarily settled in cross-border RMB [8] - Tailong Pharmaceutical will change its controlling shareholder to Jiang Pharmaceutical Group, with the stock resuming trading on December 9 [8] - Ruixin Microelectronics reported a net profit of approximately 780 million yuan for the first three quarters of 2025 and plans to distribute a cash dividend of 0.30 yuan per share, totaling 126 million yuan [8] - China Metallurgical Group plans to sell its 100% stake in China Metallurgical Real Estate and related debts for approximately 60.7 billion yuan [9] - HeFu China reported significant stock price fluctuations, with a cumulative increase of 336.83% from October 28 to December 8, raising concerns about potential overvaluation [9] Economic Indicators - According to the General Administration of Customs, China's total goods trade value reached 41.21 trillion yuan in the first 11 months of 2025, a year-on-year increase of 3.6%. Exports were 24.46 trillion yuan, up 6.2%, while imports were 16.75 trillion yuan, up 0.2%. In November alone, trade value was 3.9 trillion yuan, growing by 4.1% [2]

证券代码：600887 证券简称：伊利股份 公告编号：临 2025-087 内蒙古伊利实业集团股份有限公司 2025年中期权益分派实施公告 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： A 股每股现金红利0.48元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/12/16 | － | 2025/12/17 | 2025/12/17 | 差异化分红送转：否 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 11 月 28 日的2025年第一次临时股 东大会审议通过。 二、分配方案 (一)发放年度：2025年中期 (二)分派对象： 每股分配比例 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算 有限责任公司上海分公司（简称"中国结算上海分公司"）登记在册的本 公司全体股东。 (三)分配方案： 本次利润分配以方案实施前的公司总股本6,325,3 ...

伊利股份公告称，2025年中期权益分派方案已获2025年第一次临时股东大会审议通过。本次以总股本 63.25亿股为基数，每股派发现金红利0.48元（含税），共计派发现金红利30.36亿元。股权登记日为 2025年12月16日，除权（息）日和现金红利发放日为2025年12月17日。部分股东现金红利由公司自行发 放，不同类型股东扣税政策有别。 ...

行 业 及 产 业 证券分析师 吕昌 A0230516010001 lvchang@swsresearch.com 周缘 A0230519090004 zhouyuan@swsresearch.com 王子昂 A0230525040003 wangza@swsresearch.com 联系人 王子昂 A0230525040003 wangza@swsresearch.com 高端酒批价回落 关注需求承接 食品饮料 2025 年 12 月 06 日 相关研究 《茅台股东会传递务实信号 月度金股推荐 泸州老窖 ——食品饮料行业周报 20251124-20251128》 2025/11/30 《市场大幅调整 板块相对跑赢 ——食品 饮料行业周报 20251117-20251121》 2025/11/22 《黎明前夕，曙光将至——2026 年食品 ⚫ 风险提示：食品安全问题，经济下行影响白酒及大众品需求。 证 券 研 究 报 看好 ——食品饮料行业周报 20251201-20251205 本期投资提示： 告 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(res ...

Core Insights - The report from Huatai Securities indicates that the essential consumer sector has entered a favorable left-side layout window, with expectations for a mild recovery in consumption in the second half of 2026 due to stabilizing real estate prices, increased policy stimulus, and the recovery of household balance sheets [1][2]. Industry Overview - The essential consumer sector is currently at historical low valuation levels and public fund allocation ratios, providing a high safety margin and potential upside for investors [1][2]. - Some sub-industries are showing signs of bottoming out, with leading companies shifting focus from price wars to product innovation and adapting to channel changes [1][2][6]. - Structural changes such as the rebalancing of raw milk cycles, recovery in restaurant demand, and stricter regulations on zero additives are optimizing the competitive landscape of the industry [1][2]. Investment Recommendations - The report recommends four categories of stocks: 1. Cyclical high-upside stocks, including Gujing Gongjiu, Luzhou Laojiao, China Resources Beer, Qingdao Beer, Haitian Flavoring, Anjuke Food, and Qianhe Flavoring [2][7]. 2. Companies at fundamental turning points, such as Mengniu Dairy and Master Kong [2][7]. 3. High-dividend blue-chip leaders like Yili and Shuanghui Development [2][7]. 4. Small but promising growth stocks, including Ximai Food, Baoli Food, and Yanjinpuzi [2][7]. Market Trends - The report emphasizes a three-stage market strategy from expectation recovery to performance realization for 2026 [2]. - The essential consumer sector is expected to see a gradual improvement in retail sales growth, projected to reach 4.8% in 2026 [25]. - The consumer confidence index has shown some recovery but remains in a low range, indicating cautious consumer sentiment [26]. Sub-Industry Insights - Specific sub-industries are highlighted: 1. Frozen food is showing signs of bottoming out, with expectations for a reduction in price wars in 2026 [6][10]. 2. The dairy sector is anticipated to see a rebalancing of the raw milk cycle, enhancing domestic substitution logic [6][10]. 3. The beer industry is expected to maintain profit resilience due to rational competition and a diminishing demand dividend [6][10]. 4. Traditional condiment leaders are actively adjusting strategies to capture market share [6][10]. Conclusion - The essential consumer sector is positioned for a potential recovery, with various sub-industries adapting to market changes and focusing on innovation and strategic adjustments to enhance competitiveness [1][2][6].

12月2日，"可持续社会价值生态圈"正式走进联合国，"可持续社会价值工作组"宣告成立，成为联合国 全球契约框架下聚焦企业社会价值创新的专门工作平台。 编辑 唐峥 校对 翟永军 伊利集团可持续和社会价值副总裁、可持续社会价值生态圈轮值主席乔璐指出，生态不是一个联盟，而 是一套持续解决问题的系统，让资源能够流动，让能力能够叠加，让一个企业的力量变成一群组织的合 力，让一次行动变成持续发生的机制。 可持续社会价值生态圈成立于2025年5月20日，由伊利集团、腾讯集团和联想集团联合发起并担任首届 轮值主席单位，目前已有46家成员加入。论坛期间，"可持续社会价值生态圈"正式启动全新LOGO，旨 在聚合有社会责任感与创新精神的企业、基金会、学界及媒体等，共同探索企业如何以核心能力创造社 会价值。 同时，三家轮值主席单位共同发布深根者计划、伊心向阳志愿者计划、智享银龄计划。其中，伊利"伊 心向阳志愿者计划"聚焦儿童安全与老年关爱，开展专业化和针对性服务，以志愿者为节点、以生态协 作为路径，把"一老一小—自然—社区—乡村—灾害"五大社会议题串成一个"近场景公益生态"。 伊利提出的"生态解法"，是其过去多年在可持续供应链、社会 ...