锡林浩特伊利党支部坚持党建与业务深度融合，充分发挥基层党组织战斗堡垒作用，在推进企业高质量发展过程中涌现 出系列标杆案例。党员王伟哲带领团队实施的工艺改造项目，成为党建引领经营实践的生动注脚。 面对锡林浩特伊利甄选牧场娟姗纯牛奶生产线工艺改造项目，王伟哲主动打破第三方施工路径依赖。经实地勘测和设备 参数对比，他提出"内循环资源整合"方案，带领团队系统梳理工厂现有设备，筛选可复用资源，同时对接兄弟工厂协调 调拨闲置设备。他还牵头组建攻坚小组，完成项目施工落地。从设备调试到工艺优化，王伟哲始终冲锋在前。白天，他 扎根施工现场统筹调度，协调技术人员攻克设备适配难题；夜晚，他组织团队反复研讨施工方案，细化每个环节成本管 控。在他的带领下，攻坚小组高质量完成了改造任务，在实现资源跨厂高效流转、节约54万元成本的同时，也锤炼出一 支能打硬仗的"工匠队伍"。 一个党员就是一面旗帜。在实施12项车间改扩建工程期间，日均30多次的电话沟通和2万多步的奔波成为王伟哲的工作日 常。针对工厂全线生产时用水供不应求的难题，王伟哲深入钻研原水池补水浮球阀原理，与团队反复研讨，锁定阀芯阻 力的问题。经过无数次实验，成功将浮球阀更换为电动阀 ...

Core Viewpoint - The China Securities Index for Food, Beverage, and Tobacco has shown a slight decline of 0.85% over the past month, but a growth of 3.91% over the last three months, with a year-to-date decrease of 1.78% [1] Group 1: Index Performance - The China Securities Index for Food, Beverage, and Tobacco is currently at 12,699.63 points [1] - The index is categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [1] Group 2: Major Holdings - The top ten weightings in the index are as follows: Yili Group (11.01%), Kweichow Moutai (10.74%), Wuliangye (9.12%), Shanxi Fenjiu (6.74%), Luzhou Laojiao (6.45%), Haitian Flavoring (5.32%), Dongpeng Beverage (4.24%), Yanghe Brewery (2.92%), Jinshiyuan (2.45%), and Shuanghui Development (1.84%) [1] - The Shanghai Stock Exchange accounts for 61.18% of the index holdings, while the Shenzhen Stock Exchange accounts for 38.82% [1] Group 3: Industry Composition - The industry composition of the index includes: Baijiu (46.70%), Dairy Products (12.47%), Seasonings and Cooking Oils (12.08%), Other Foods (7.99%), Soft Drinks (6.64%), Beer (4.75%), Snack Foods (4.09%), Meat Products (3.26%), Wine and Others (1.22%), and Huangjiu (0.81%) [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to special events affecting sample companies [2]

Group 1 - The core viewpoint of the articles indicates a mixed performance in the consumer sector, with the main consumption index showing a slight increase while retail sales growth has slowed down due to seasonal factors and external trade policies [2][3][4] - As of April 2025, the total retail sales of consumer goods increased by 5.1% year-on-year, with a slight decline in growth compared to March, attributed to weaker demand in the off-season and potential impacts from US-China tariff policies [2] - The food and beverage sub-sectors showed varied performance, with grain and oil food categories growing by 14.0% year-on-year, while beverage and tobacco categories experienced a decline in growth rates [2][3] Group 2 - The major consumption ETF has seen a net value increase of 0.35% over the past six months, with a maximum monthly return of 24.35% since its inception [3] - The ETF's management fee is 0.50% and the custody fee is 0.10%, making it one of the lowest in its category [3] - The latest price-to-earnings ratio (PE-TTM) for the index tracked by the ETF is 19.9, indicating a valuation lower than 93.63% of the time over the past year, suggesting it is at a historical low [3][4] Group 3 - The top ten weighted stocks in the consumer index account for 67.16% of the total index, with notable companies including Yili, Kweichow Moutai, and Wuliangye [4][6] - The performance of individual stocks within the top ten shows mixed results, with Kweichow Moutai declining by 0.52% and Yili increasing by 1.18% [6]

Investment Rating - The report maintains an "Increase" rating for the food and beverage industry, indicating a positive outlook for key players in the sector [5]. Core Insights - The white liquor industry is experiencing gradual pressure, with a focus on rational targets for 2025. The report emphasizes three main investment lines: leading brands with competitive advantages, high-certainty regional brands, and flexible stocks benefiting from recovery and increased risk appetite [1][2]. - The beer sector shows a slight decline in production, with a 0.6% year-on-year decrease in the first four months of 2025. However, there is potential for recovery in the upcoming peak season, suggesting a favorable investment window [3]. - The report highlights the broad recovery potential in the catering supply space, with leading companies expected to benefit from improved performance and market expansion strategies [4][7]. Summary by Sections White Liquor - The industry consensus is shifting towards stable, high-quality growth with a focus on market share rather than aggressive growth targets. Key strategies include product innovation, market penetration, and international expansion [2]. - Major companies like Guizhou Moutai and Shanxi Fenjiu are focusing on maintaining market stability and enhancing their brand presence among younger consumers [2]. Beer and Beverage - The beer production for January to April 2025 was 11.44 million kiloliters, reflecting a slight decline. However, April showed a 4.8% increase in production, indicating potential for recovery [3]. - The beverage sector is characterized by intense competition, but new product launches and recovery in consumer demand are expected to sustain high growth [3]. Catering Supply - The report notes significant opportunities for leading companies in the catering supply sector, particularly with the introduction of new products and expansion into new categories [4][7]. - Companies like Three Squirrels are diversifying their product lines and enhancing their distribution channels to capture more market share [7].

Core Viewpoint - The company, Inner Mongolia Yili Industrial Group Co., Ltd., is undergoing capital adjustments for its wholly-owned subsidiaries to enhance the efficiency of fundraising and ensure the smooth implementation of investment projects [2][3][6]. Fundraising Basic Situation - The company completed a non-public issuance of shares on December 9, 2021, raising a net amount of RMB 2,000 million after deducting issuance costs of RMB 6,284,207.02 [2][3]. Use of Remaining Fundraising - The company plans to allocate RMB 1,089.50 million of the remaining funds from completed projects, with RMB 689.00 million for AI and safety capability upgrades, RMB 60.00 million for digital equipment upgrades at the Dulun factory, and RMB 341.85 million for working capital [3][4]. Capital Adjustment Details - The company intends to reduce the capital of its subsidiary, Jinhao Yili, by RMB 749.00 million and increase the capital of another subsidiary, Dulun Yili, by RMB 60.00 million [4][5]. Financial Data of Subsidiaries - As of December 31, 2024, Jinhao Yili reported total assets of RMB 4,066.99 million and net assets of RMB 3,947.23 million, with a net profit of RMB 288.42 million [5][6]. - Dulun Yili reported total assets of RMB 203.21 million and net assets of RMB 68.51 million as of December 31, 2024, with a net profit of RMB 1.38 million [5][6]. Impact of Capital Adjustment - The capital adjustments are aligned with the fundraising plan and are expected to improve the efficiency of fund usage, ensuring the successful implementation of investment projects [6][7]. Fundraising Special Account and Supervision Agreement - The company has established a special fundraising account and signed a tripartite supervision agreement with the sponsor and a bank to enhance the management and oversight of the fundraising [6][7][8]. Approval Procedures - The board of directors and the supervisory board have approved the capital adjustments and the establishment of the special fundraising account, confirming compliance with relevant regulations and the protection of shareholder interests [12][13].

中信证券股份有限公司 关于内蒙古伊利实业集团股份有限公司 募投项目全资子公司增减资、募集资金专项账户开立及签署资 金存储三方监管协议的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为内蒙古 伊利实业集团股份有限公司（以下简称"伊利股份"、"公司"或"伊利集团"） 2021 年非公开发行 A 股股票持续督导阶段的保荐人，根据《证券发行上市保荐 业务管理办法》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的 监管要求》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有 关规定，就伊利股份 2021 年非公开发行募集资金投资项目全资子公司增减资、 募集资金专项账户开立及签署资金存储三方监管协议的事项进行了审慎核查，具 体情况如下： 一、募集资金基本情况 公司募集资金已于 2021 年 11 月 29 日到位，大华会计师事务所（特殊普通 合伙）已对本次非公开发行 A 股股票的募集资金到位情况进行了审验，并出具 了《验资报告》（大华验字[2021]000807 号）。 经中国证券监督管理委员会《关于核准内蒙古伊利实业集团股份有限公司非 公开发行股票的批复》（证监许可[20 ...

证券代码：600887 证券简称：伊利股份 公告编号：临 2025-045 内蒙古伊利实业集团股份有限公司 关于募投项目全资子公司增减资、募集资金专项账户 开立及签署资金存储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。 重要内容提示： 内蒙古伊利实业集团股份有限公司（简称"公司"）拟对募集资 金投资项目（简称"募投项目"）实施主体内蒙古金灏伊利乳业有限责 任公司（简称"金灏伊利"）进行减资、对多伦县伊利乳业有限责任公 司（简称"多伦伊利"）进行增资，开立募集资金专项账户（简称"专 户"）及签署资金存储三方监管协议。本次募投项目全资子公司增减资、 募集资金专户开立及签署资金存储三方监管协议事项已经公司第十一届 董事会临时会议、第十一届监事会临时会议审议通过，无需提交股东大 会审议。 本次事项不构成关联交易和上市公司重大资产重组事项。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准内蒙古伊利实业集团股份有 限公司非公开发行股票的批复》（证监许可[2021]3196号）核准，公司 于2021年12月9 ...

证券代码：600887 证券简称：伊利股份 公告编号：临 2025-044 内蒙古伊利实业集团股份有限公司 第十一届监事会临时会议决议公告 本公司监事会及全体监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、监事会会议召开情况 内蒙古伊利实业集团股份有限公司（简称"公司"）第十一届监事 会临时会议于 2025 年 5 月 23 日（星期五）以通讯方式召开。本次会议 通知于 2025 年 5 月 21 日以邮件方式发出，会议应当出席的监事五名， 实际出席会议的监事五名。会议符合《公司法》《公司章程》的规定，合 法有效。 二、监事会会议审议情况 会议审议并通过了以下议案，形成如下决议： 审议并通过了《公司关于募投项目全资子公司增减资、募集资金专 项账户开立及签署资金存储三方监管协议的议案》。 本次使用募集资金对募投项目全资子公司增减资、募集资金专项账 户开立及签署资金存储三方监管协议事项，符合募投项目实际情况及需 要，不存在损害股东利益的情况。监事会同意募投项目全资子公司增减 资、募集资金专项账户开立及签署资金存储三方监管协议的相关事项。 表决结 ...

证券代码：600887 证券简称：伊利股份 公告编号：临 2025-043 内蒙古伊利实业集团股份有限公司 第十一届董事会临时会议决议公告 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、董事会会议召开情况 内蒙古伊利实业集团股份有限公司（简称"公司"）第十一届董事会 临时会议于2025年5月23日（星期五）以通讯方式召开。本次会议通知于 2025年5月21日以邮件方式发出，会议应当出席的董事十一名，实际出席 会议的董事十一名。会议符合《公司法》《公司章程》的规定，合法有效。 二、董事会会议审议情况 会议审议并通过了以下议案，形成如下决议： （一）审议并通过了《公司关于补选高振宇先生为公司第十一届董事会 战略与可持续发展委员会委员的议案》； 根据《公司法》《上市公司治理准则》《公司章程》《公司董事会战略 与可持续发展委员会实施细则》的有关规定，经董事长提名，公司董事 会补选董事高振宇先生为公司第十一届董事会战略与可持续发展委员会 委员。 表决结果：同意 11 票，反对 0 票，弃权 0 票。 （二）审议并通过了《公司关于募 ...

Core Viewpoint - The establishment of the "Sustainable Social Value Ecosystem" in Beijing aims to promote sustainable development through collaboration among leading Chinese enterprises, emphasizing the integration of commercial and social value [2][3][6]. Group 1: Event Overview - The "WISH2030 Beautiful Conference and Sustainable Social Value Forum" was held on May 20, where over ten leading companies initiated the "Sustainable Social Value Ecosystem" to contribute to global sustainable development [2]. - Key companies involved include Yili Group, Tencent, and Lenovo, who serve as the first rotating chairpersons of the ecosystem [2][6]. - The forum proposed to establish May 20 as "Corporate Public Welfare Day" to encourage more enterprises to engage in public welfare initiatives [2]. Group 2: Key Initiatives and Principles - The "WISH2030 Beautiful Declaration" includes ten main principles such as practicing sustainable concepts, creating social value, contributing Chinese solutions, and promoting green consumption [3][6]. - Yili Group's philosophy emphasizes that businesses should balance economic, ecological, and social development while addressing population and resource challenges [5][6]. Group 3: Collaborative Efforts and Knowledge Sharing - The ecosystem aims to share experiences in areas like "dual carbon," rural revitalization, and ESG value accounting among participating companies [8]. - Experts highlighted the importance of integrating social purposes into business strategies to achieve sustainable development [10][13]. Group 4: Specific Programs and Contributions - Yili Group focuses on the elderly and children, launching initiatives like the "Elderly Nutrition Improvement Project" and a 1.6 billion yuan subsidy plan for families with multiple children [13]. - The establishment of the ecosystem is seen as a significant step towards achieving shared social and economic benefits, contributing to sustainable development in China and globally [13].