Group 1 - The company held its fifth board meeting on November 11, 2025, to discuss and approve the increase of registered capital for its wholly-owned subsidiary, Dongfang Dairy (Shaanxi) Co., Ltd. [2][3][6] - The board approved an increase of registered capital by 120 million RMB, raising Dongfang Dairy's capital from 10 million RMB to 130 million RMB [6][8] - The decision was made with full compliance with relevant laws and regulations, and it does not require shareholder approval [8][10] Group 2 - Dongfang Dairy is a limited liability company established on July 16, 2024, with a registered capital of 10 million RMB [8] - The company operates in various sectors, including agricultural product sales, food sales, and dairy production [8] - The increase in registered capital aims to support Dongfang Dairy's future business development and aligns with the company's strategic growth plans [10]

Core Viewpoint - The company, Lanzhou Zhuangyuan Pasture Co., Ltd., is actively expanding its market presence in the dairy industry, leveraging its strong brand and innovative marketing strategies to enhance sales and brand recognition. Company Overview - Lanzhou Zhuangyuan Pasture Co., Ltd. primarily engages in the production, processing, and sales of dairy products and milk beverages, with a product range that includes pasteurized milk, sterilized milk, fermented milk, and various liquid dairy products under the brands "Zhuangyuan Pasture," "Shenghu," and "Dongfang Duoxian Zhuangyuan" [2] - The company has established itself as a leading dairy producer in Gansu and Qinghai, holding a market share of 20% [2] Marketing Strategies - In the 2024 semi-annual report, the company implemented integrated marketing strategies, including promoting new products through tourism routes and leveraging social media platforms for marketing [3] - The company has expanded its online presence by developing stores for Gansu specialties and utilizing KOLs for product promotion, enhancing brand visibility [3] Industry Position and Government Support - As a state-owned enterprise, the company is under the control of the Gansu Provincial Government's State-owned Assets Supervision and Administration Commission [4] - The company actively supports national rural revitalization policies, engaging in initiatives that benefit local farmers and enhance agricultural productivity [4] Financial Performance - For the period from January to September 2025, the company reported a revenue of 629 million, a year-on-year decrease of 3.10%, while the net profit attributable to shareholders was -48.44 million, an increase of 59.08% year-on-year [9] - The company has distributed a total of 64.69 million in dividends since its A-share listing, with cumulative distributions of 12.19 million over the past three years [9] Shareholder Information - As of September 30, 2025, the company had 18,100 shareholders, a decrease of 12.97% from the previous period, with an average of 9,466 circulating shares per shareholder, an increase of 14.91% [9] - Notable institutional shareholders include Noan Multi-Strategy Mixed A and CITIC Prudential Multi-Strategy Mixed A, with significant increases in holdings [10]

Core Viewpoint - The company has approved a capital increase for its wholly-owned subsidiary, Oriental Dairy (Shaanxi) Co., Ltd., to support its business development needs [1] Group 1: Capital Increase - The company will increase the registered capital of Oriental Dairy by 120 million RMB [1] - After the capital increase, the registered capital of Oriental Dairy will rise from 10 million RMB to 130 million RMB [1]

证券代码：002910 证券简称：庄园牧场 公告编号：2025-060 兰州庄园牧场股份有限公司 关于向全资子公司增加注册资本的公告 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。 一、本次增加注册资本情况概述 1.兰州庄园牧场股份有限公司（以下简称"公司"）于 2025 年 11 月 11 日 召开第五届董事会第十二次临时会议，审议通过了《关于向全资子公司增加注册 资本的议案》，同意公司以自有资金向全资子公司东方乳业（陕西）有限公司（以 下简称"东方乳业"）增加注册资本 12,000 万元人民币，以满足东方乳业业务 发展的需求。本次注册资本增加后，东方乳业的注册资本将由人民币 1,000 万元 增加至 13,000 万元。 2.根据《深圳证券交易所股票上市规则》《公司章程》等相关规定，本次增 加注册资本事项在公司董事会审批权限范围之内，无需提交股东会审议。 3.本次向全资子公司增加注册资本事项不构成关联交易，也不构成《上市公 司重大资产重组管理办法》规定的重大资产重组。 统一社会信用代码：91610139MADT416A12 类 型：有限责任公司 法定代表人 ...

证券代码：002910 证券简称：庄园牧场 公告编号：2025-059 一、董事会会议召开情况 1.兰州庄园牧场股份有限公司（以下简称"公司"）第五届董事会第十二次 临时会议（以下简称"会议"或"本次会议"）通知于2025年11月7日以书面或 电子通讯等方式发出。 2.本次会议于 2025 年 11 月 11 日以现场及电子通讯相结合的方式召开。 3.本次会议应出席董事8人，实际出席并表决的董事8人；公司高级管理人员 列席会议。 4.会议由董事长杨毅先生主持。 5.本次会议的通知、召集和召开符合《公司法》等法律法规、部门规章、规 范性文件及《兰州庄园牧场股份有限公司章程》的有关规定。 二、董事会会议审议情况 审议通过《关于向全资子公司增加注册资本的议案》 兰州庄园牧场股份有限公司 第五届董事会第十二次临时会议决议公告 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。 公司董事会决定以自有资金12,000万元人民币向全资子公司东方乳业（陕西） 有限公司增加注册资本。本次注册资本增加后，东方乳业（陕西）有限公司的注 册资本将由人民币1,000万元增加至13,000万 ...

Core Viewpoint - The company has approved a capital increase for its wholly-owned subsidiary, Oriental Dairy (Shaanxi) Co., Ltd., to support its business development needs [1] Group 1 - The company will increase the registered capital of Oriental Dairy by 120 million RMB, raising it from 10 million RMB to 130 million RMB [1]

Core Viewpoint - The company,庄园牧场, plans to increase the registered capital of its wholly-owned subsidiary, 东方乳业, by 120 million RMB to support its business development needs [1] Group 1 - The registered capital of 东方乳业 will increase from 10 million RMB to 130 million RMB following this capital injection [1]

Core Viewpoint - The company plans to increase the registered capital of its wholly-owned subsidiary, Dongfang Dairy (Shaanxi) Co., Ltd., by 120 million RMB to support its business development needs [1] Group 1 - The registered capital of Dongfang Dairy will increase from 10 million RMB to 130 million RMB following this capital injection [1]

Core Viewpoint - The stock price of Zhuangyuan Pasture has shown significant growth this year, with a year-to-date increase of 65.60% and a recent surge of 13.67% over the past five trading days [2] Company Overview - Zhuangyuan Pasture, established on April 25, 2000, and listed on October 31, 2017, is located in Lanzhou, Gansu Province. The company specializes in the production, processing, and sales of dairy products and dairy beverages, as well as dairy cattle breeding [2] - The main revenue sources for the company include sterilized milk (37.04%), fermented milk (24.37%), formulated milk (22.21%), pasteurized milk (8.20%), fresh milk (4.60%), and other products (2.77%) [2] Stock Performance - As of November 11, Zhuangyuan Pasture's stock price reached 12.47 CNY per share, with a market capitalization of 2.438 billion CNY. The stock experienced a 4.18% increase during the trading session [1] - The company has appeared on the stock market's "Dragon and Tiger List" nine times this year, with the most recent appearance on October 13, where it recorded a net buy of -21.87 million CNY [2] Financial Performance - For the period from January to September 2025, Zhuangyuan Pasture reported a revenue of 629 million CNY, reflecting a year-on-year decrease of 3.10%. The net profit attributable to shareholders was -48.44 million CNY, showing a year-on-year increase of 59.08% [3] - The company has distributed a total of 64.69 million CNY in dividends since its A-share listing, with 12.20 million CNY distributed over the past three years [4] Shareholder Information - As of September 30, 2025, the number of shareholders for Zhuangyuan Pasture was 18,100, a decrease of 12.97% from the previous period. The average number of circulating shares per shareholder increased by 14.91% to 9,466 shares [3] - Notable institutional holdings include Noan Multi-Strategy Mixed A (320016) as the sixth largest shareholder with 1.4498 million shares, an increase of 350,200 shares from the previous period, and CITIC Prudential Multi-Strategy Mixed (LOF) A (165531) as the eighth largest shareholder with 952,400 shares, marking a new entry [4]

Core Viewpoint - The consumer sector in A-shares and Hong Kong stocks experienced a significant rise on November 10, driven by multiple positive news releases, with traditional and new consumption sectors showing strong performance, particularly China Duty Free Group reaching a two-year high [1][2][3] Group 1: Market Performance - A-shares saw strong performances in sectors such as liquor, aviation, and duty-free, with notable stocks like China Duty Free Group hitting the daily limit and a total buy order of 5.03 billion yuan [2] - In Hong Kong, stocks like Hou Shang A Yi and Mi Xue Group rose by over 13% and 9% respectively, while Pop Mart increased by over 8% [2] - The consumer sector has been under pressure for several quarters, with the liquor index down approximately 5.45% year-to-date, while the retail index only increased by 0.75% [3] Group 2: Policy and Economic Indicators - The Ministry of Finance announced continued implementation of policies to boost consumption, while the National Bureau of Statistics reported a 0.2% year-on-year increase in the Consumer Price Index (CPI) [3] - The core CPI, excluding food and energy, has seen an expanding growth rate for six consecutive months, indicating a potential recovery in consumer spending [3] Group 3: Fund Management Trends - Public funds have shown a divergence in their operations, with some reducing holdings in traditional consumer stocks like Kweichow Moutai, while others maintain or increase their positions, reflecting differing outlooks on the consumer market [4][5] - The number of funds holding Pop Mart decreased from 286 to 180, with a significant reduction in the number of shares held, indicating a cautious approach towards new consumption stocks [4][5] Group 4: Investment Strategies - Fund managers are focusing on the dual aspects of domestic demand and overseas expansion as key investment themes, believing that the current low valuation levels provide a safety margin for investments [5][6] - There is a growing emphasis on the potential for Chinese brands to expand internationally, particularly in Southeast Asia, Africa, and the Middle East, as companies leverage their domestic market strengths to gain competitive advantages abroad [6]