Core Viewpoint - The announcement from Beiyinmei reveals that its controlling shareholder, Zhejiang Xiaobei Damei Holdings, has passed a creditor meeting vote for its pre-restructuring plan, indicating potential changes in control for the company, which was once a leader in the domestic milk powder industry [1][3]. Group 1: Restructuring Process - The pre-restructuring plan was approved by specific creditor groups, including secured creditors, general creditors, and investors, which is a preliminary step towards formal restructuring [3]. - The restructuring aims to help the struggling company recover by introducing strategic investors and debt swaps, with the approval signaling initial support from creditors for the proposed restructuring path [4][8]. - The success of the restructuring remains uncertain, as it depends on various factors, including court acceptance and execution of the restructuring plan [8]. Group 2: Financial Challenges - Xiaobei Damei Holdings holds 12.28% of Beiyinmei's total shares, with 98.85% of these shares pledged or frozen, highlighting a precarious financial situation [5]. - Beiyinmei's revenue has significantly declined from 61.17 billion in 2013 to 24.91 billion in 2018, with substantial losses recorded in 2016 and 2017, leading to a "ST Beiyinmei" designation due to delisting risk [5][6]. - The company's debt crisis has been a result of a decade-long financial imbalance, exacerbated by aggressive credit policies that increased accounts receivable dramatically [6]. Group 3: Future Outlook - The potential change in control due to the restructuring raises concerns about the stability of the management and strategic continuity during a critical transformation period for Beiyinmei [7]. - Despite the challenges, Beiyinmei has maintained that its operations are normal and that the restructuring process will not significantly impact daily operations [7]. - The outcome of the restructuring could influence the competitive landscape of the domestic milk powder industry, with various stakeholders potentially vying for control [8].

Focus Events - Spot gold and silver prices ended a three-day decline, with London gold rising by 2.24% to $4,763.63 per ounce and London silver increasing by 4.17% to $82.43 per ounce [1] - Chip导科技 released its 2025 annual report, reporting revenue of 394 million yuan, a year-on-year increase of 11.52%, and a net profit attributable to shareholders of 106 million yuan, a year-on-year decrease of 4.91% [1] Industry Dynamics - Multiple institutions remain optimistic about the future of gold, with Guotai Junan predicting that gold prices could reach $6,000 per ounce in 2026 due to ongoing monetary system restructuring and central bank purchases [10] - Morgan Stanley raised its gold price forecast for the end of 2026 from $5,400 to $6,300 per ounce, citing sustained demand from central banks and investors [11] - Yuguang Jin铅 mentioned that fluctuations in silver prices have a complex impact on its profit margins due to the dynamic nature of raw material pricing [18] Policy and Regulation - The State Taxation Administration announced adjustments to VAT tax declaration matters, optimizing the reporting scope for general taxpayers and small-scale taxpayers [8] - The Ministry of Industry and Information Technology issued a mandatory national standard for automotive door handle safety, effective January 1, 2027, to enhance vehicle safety [12] Corporate Actions - Shanghai has initiated a project to acquire second-hand housing for affordable rental housing, focusing on matching housing types with talent needs [15] - Beiyinmei announced that its controlling shareholder's pre-restructuring plan was approved by the creditors' meeting, which may lead to changes in shareholder equity and control [21] - Midea Group reported a total expenditure of 1.998 billion yuan for repurchasing 0.35% of its shares [25]

格隆汇2月2日丨贝因美（维权）(002570.SZ)公布，截至2026年1月31日，公司通过股份回购专用证券账 户以集中竞价交易方式累计回购公司股份20,305,754股，占公司总股本的1.8801%，最高成交价为7.21 元/股，最低成交价为6.01元/股，成交总金额为127,529,298.92元（不含交易费用）。 ...

以下是第一财经对一些重要公告的汇总，供投资者参考。 ST开元公告称，公司预计2025年度经审计的期末净资产为负值，根据《深圳证券交易所创业板股票上 市规则》，在披露2025年年度报告后，公司股票交易可能被深圳证券交易所实施退市风险警示。 长飞光纤：全球光纤光缆行业市场环境正常 与数据中心相关的新型产品占需求总量的比例较小 长飞光纤发布异动公告，公司注意到近期市场对电信市场光纤光缆产品供需结构和价格波动，及算力数 据中心相关产品关注度较高。当前全球光纤光缆行业市场环境正常，产品单价波动对公司未来业绩的影 响需结合未来市场环境及公司业务情况进行综合判断。而与数据中心相关的新型产品占全球光纤光缆市 场需求总量的比例较小，敬请广大投资者注意投资风险，理性决策，审慎投资。 2连板利通电子：液冷产品研发尚处于前期探讨阶段 无星云算力调度平台、马来西亚波德申AI数据中心 项目 利通电子发布异动公告，关于网传的"液冷技术突破:自研浸没式液冷模组适配英伟达H100/B100芯片， PUE值低至1.09，运维成本下降42%。"、"利通电子拥有自研的液冷技术（PUE值低于行业平均），能 帮助解决数据中心高能耗的痛点，提升资源利用率 ...

（记者 曾健辉） 每经头条（nbdtoutiao）——曾卖劳斯莱斯、保时捷等豪车，汽车销售巨头宝利德如今破产清算：杭州 总部已人去楼空，义乌子公司贴上了封条 每经AI快讯，贝因美2月2日晚间发布公告称，截至2026年1月31日，公司通过股份回购专用证券账户以 集中竞价交易方式累计回购公司股份约2031万股，占公司总股本的1.8801%，最高成交价为7.21元/股， 最低成交价为6.01元/股，成交总金额约为1.28亿元。 ...

证券代码：002570 证券简称：贝因美 公告编号：2026-012 贝因美股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 贝因美股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日召开的第九 届董事会第九次会议审议通过了《关于回购公司股份方案的议案》，公司拟以集 中竞价交易方式回购公司 A 股股票，用于公司未来实施的股权激励或员工持股 计划。本次回购金额不超过人民币 3 亿元（含），不低于人民币 1.5 亿元（含）， 回购价格不超过 9.06 元/股（含）。根据最高回购规模、回购价格上限测算，预 计回购股份数量为 3,311.26 万股，约占公司目前总股本的 3.07%。具体内容详见 公 司 于 2025 年 4 月 30 日 披 露 于 指 定 信 息 披 露 媒 体 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上的《关于回购公司股份方案暨取得股票回购专项 贷款承诺函的公告》（公告编号：2025-035）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指 ...

证券代码：002570 证券简称：贝因美 公告编号：2026-013 贝因美股份有限公司 关于控股股东预重整债权人会议表决结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要提示： 1、截至本公告披露日，公司控股股东浙江小贝大美控股有限公司（以下简 称"小贝大美控股"）共持有公司股份 132,629,471 股，占公司总股本的 12.28%。 其中，被质押或冻结的股份数量为 131,105,171 股，占其所持股份比例为 98.85%。 浙江省金华市中级人民法院（以下简称"金华中院"）已裁定受理小贝大美控股 前期提出的预重整申请，其第一次债权人会议已表决通过《浙江小贝大美控股有 限公司预重整方案》，小贝大美控股若后续实施重整，可能导致其在公司的股东 权益发生变动。 2、公司具有独立完整的业务及自主经营能力，在业务、人员、资产、机构、 财务等方面与控股股东相互独立。小贝大美控股的上述事项不会对公司日常生产 经营产生重大影响。公司的生产经营情况正常。 贝因美股份有限公司（以下简称"公司"或"贝因美"）于今日收到控股股 东小贝大美控股临时管理人出具的《告 ...

Core Insights - The beverage and dairy sector experienced a rise of 0.51% on January 28, with Liziyuan leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Sector Performance - Liziyuan (605337) closed at 13.56, up 5.85% with a trading volume of 388,600 shares [1] - Sanyuan (600429) closed at 5.45, up 4.21% with a trading volume of 482,000 shares [1] - Dongpeng Beverage (605499) closed at 254.51, up 3.54% with a trading volume of 47,700 shares [1] - Other notable performers include Weiwe (600300) up 1.65% and Qishi Dairy (920786) up 1.18% [1] Capital Flow - The beverage and dairy sector saw a net inflow of 1.51 million yuan from institutional investors, while retail investors contributed a net inflow of 12.8 million yuan [2] - However, there was a net outflow of 129 million yuan from speculative funds [2] Individual Stock Capital Flow - Liziyuan had a net inflow of 62.55 million yuan from institutional investors, but a net outflow of 17.26 million yuan from speculative funds [3] - Yili (600887) saw a net inflow of 33.78 million yuan from institutional investors, but a significant net outflow of 71.72 million yuan from speculative funds [3] - Sanyuan (600429) had a net inflow of 22.36 million yuan from institutional investors, while retail investors experienced a net outflow of 27.12 million yuan [3]

在国产奶粉业，或许没有哪个品牌像贝因美（002570）一样，承载了如此复杂的行业记忆与公众情绪。 2008年三聚氰胺事件后，它是少数未检出问题的"幸存者"，市场份额一度翻倍，被视为"国产奶粉之 光"。然而此后，它曾一度陷入业绩波动、渠道承压等困境。 而今，在新生儿数量跌破千万、行业进入缩量竞争的背景下，这家历经风雨的国产奶粉企业，喊出 了"货真价实，只赚5%"的口号。 2025年7月，《育儿补贴制度实施方案》正式落地，对0-3岁婴幼儿家庭按3600元/孩/年发放补贴，政策 一出，母婴概念股应声上涨。与此同时，一场由原料安全引发的行业震荡，将奶粉供应链的"看不见的 防线"推至台前。 2026年1月，全球食品巨头雀巢，因供应商提供的ARA原料检出问题，在全球50个国家和地区启动预防 性召回。ARA——花生四烯酸，作为婴幼儿大脑与视力发育的关键营养素，其原料安全直接关乎产品 根基。 贝因美随即明确表态，其产品采用的ARA原料，与涉事外资公司召回产品所使用的ARA非同一种原 料。 一边是政策利好与消费升级，一边是原料安全与行业洗牌，行于其中，贝因美在走一条难度不小的道。 01"国产奶粉第一股" "国产奶粉第一股"的起 ...

Group 1 - The core point of the announcement is that the controlling shareholder, Zhejiang Xiaobei Damei Holdings Co., Ltd., is undergoing a pre-restructuring process due to liquidity issues and inability to repay debts, which may affect its equity in the company [2][3] - As of the announcement date, Xiaobei Damei Holdings holds 132,629,471 shares, accounting for 12.28% of the total share capital, with 131,105,171 shares (98.85%) being pledged or frozen [2][4] - The court has accepted the pre-restructuring application from Xiaobei Damei Holdings, and the first creditors' meeting is in the voting process, with the outcome uncertain [3][4] Group 2 - The company maintains independent business operations and asserts that the restructuring of its controlling shareholder will not significantly impact its daily operations [2][5] - The company has a normal production and operational status, and there are no non-operational fund occupations or violations of interests related to Xiaobei Damei Holdings [5] - The company will continue to monitor the situation and ensure timely information disclosure as required by law [5] Group 3 - The company held its first temporary shareholders' meeting of 2026 on January 26, with a total of 956 shareholders present, representing 166,289,861 shares, or 16.39% of the total voting rights [12] - Several proposals were voted on during the meeting, including a proposal for a comprehensive credit facility from banks, which received 97.76% approval [18] - The proposal for asset mortgage loans was also approved with 97.58% of votes in favor [21] Group 4 - The company provided guarantees for its subsidiaries, which was approved by 97.48% of the votes [24] - The proposal for expected daily related transactions for 2026 was passed with 89.15% approval, with the controlling shareholder abstaining from voting [27] - Legal opinions were provided confirming that the meeting's procedures and voting results were in compliance with legal and regulatory requirements [29]