熊猫乳品集团股份有限公司 简式权益变动报告书 上市公司：熊猫乳品集团股份有限公司 股票上市地点：深圳证券交易所 股票简称：熊猫乳品 股票代码：300898 信息披露义务人 1：郭红 住所及通讯地址：浙江省杭州市下城区******** 信息披露义务人 2：周炜 住所及通讯地址：浙江省杭州市下城区******** 股份变动性质：股份减少（合计持股比例降至 5%以下） 签署日期：2025 年 11 月 20 日 1 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《证券法》《收购办法》规定，本报告书已全面披露了信息披露义务 人在熊猫乳品集团股份有限公司（以下简称"熊猫乳品"或"本公司"）拥有权益 的股份变动情况。截至本报告书签署之日，除本报告书披露的信息外，信息披露义 务人没有通过任何其他方式增加或减少其在熊猫乳品拥有权益的股份。 四、本次权益变动是根据本报告书所载明的资料进行的。除本信息披露义务人 外，没有委托或者授权任何其他人提供未在本报告中列载的信息和对本报告做出任 何解释或者说明。 五、信息披露义务人保证权益变动报告书内容的真实性、准确性、完整性，承 诺不存在虚假记载、误导性陈述或重大遗漏。 ...

熊猫乳品集团股份有限公司 关于股东减持计划期限届满的公告 公司股东泰安宝升投资合伙企业（有限合伙）保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 证券代码：300898 证券简称：熊猫乳品 公告编号：2025-059 熊猫乳品集团股份有限公司（以下简称"本公司"或"公司"）于 2025 年 7 月 30 日披露了《关于持股 5%以上股东减持股份的预披露公告》，持有公司股份 6,500,000 股（占本公司总股本比例 5.2419%）的大股东泰安宝升投资合伙企业（有 限合伙）（曾用名"宁波梅山保税港区宝升投资管理合伙企业（有限合伙）"，以 下简称"泰安宝升"）计划在公告披露之日起 15 个交易日后的 3 个月内以集中竞 价方式和大宗交易方式合计减持本公司股份 350,000 股（占本公司总股本比例 0.2823%）。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 近日，公司收到泰安宝升出具的《减持情况告知函》，泰安宝升减持股份实施 期限已届满，根据相关规定，现将具体情况公告如下： 一、股东减持情况 1、股份来源：公司首次公开发行前已发行的股份。 | 2、 ...

Core Insights - The dairy sector in the A-share market experienced a collective decline, with several companies seeing significant drops in their stock prices [1] Company Performance - Sanyuan Foods (三元股份) saw a decline of 7.99%, with a total market capitalization of 83.07 billion [2] - Nanchao Foods (南侨食品) dropped by 7.80%, with a market cap of 82.23 billion [2] - Pinwo Foods (品渥食品) fell by 4.67%, with a market value of 34.07 billion [2] - Miaokelando (妙可蓝多) decreased by 3.93%, with a market capitalization of 13 billion [2] - Huangshi Group (皇氏集团) declined by 3.61%, with a market cap of 31.13 billion [2] - Maijuer (麦趣尔) fell by 3.18%, with a market value of 16.42 billion [2] - Yiming Foods (一鸣食品) decreased by 3.08%, with a market capitalization of 85.77 billion [2] - Zhuangyuan Pasture (庄园牧场) dropped by 3.08%, with a market cap of 21.55 billion [2] - Junyao Health (均瑶健康) fell by 2.93%, with a market value of 45.82 billion [2] - Western Pastoral (西部牧业) decreased by 2.92%, with a market capitalization of 23.88 billion [2] - New Dairy (新乳业) dropped by 2.80%, with a market cap of 149 billion [2] - Knight Dairy (骑士乳业) fell by 2.66%, with a market value of 20.68 billion [2] - Panda Dairy (熊猫乳品) decreased by 2.56%, with a market capitalization of 34.45 billion [2] - Wewei Co. (维维股份) dropped by 2.50%, with a market cap of 56.76 billion [2]

Core Insights - The company, Panda Dairy, has announced a restricted stock incentive plan aimed at binding key talents and optimizing governance structure for long-term strategic growth [1][2] - The plan involves granting 1.681 million shares, representing 1.36% of the total share capital, to 26 core employees including executives [1] - The incentive plan is closely linked to performance assessments, ensuring that rewards align with contributions [1] Group 1 - The incentive plan is a critical measure to implement the talent strategy, enhancing team cohesion and corporate competitiveness [2] - The plan is designed to support the company's focus on core business and expansion into new areas, potentially driving steady growth in the condensed milk sector [2] - The company has established a product system centered on condensed milk, with diversified businesses including cream, cheese, and coconut products [1] Group 2 - The company is actively expanding retail channels while solidifying its B-end catering supply chain advantages [1] - The construction of the Hainan production base and the steady advancement of the overseas raw material supply chain are crucial for the company's next phase of scalable development [1]

Market Overview - The beverage and dairy sector increased by 0.46% compared to the previous trading day, with San Yuan Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - San Yuan Co., Ltd. (600429) closed at 6.01, up 3.80% with a trading volume of 1.1457 million shares and a turnover of 691 million yuan [1] - Junyuan Health (605388) closed at 7.86, up 2.21% with a trading volume of 211,100 shares and a turnover of 166 million yuan [1] - Panda Dairy (300898) closed at 28.51, up 1.75% with a trading volume of 67,100 shares and a turnover of 191 million yuan [1] - New Dairy (002946) closed at 17.83, up 1.71% with a trading volume of 67,500 shares and a turnover of 119 million yuan [1] - Yangyuan Beverage (603156) closed at 28.27, up 1.58% with a trading volume of 86,900 shares and a turnover of 244 million yuan [1] - Yili Group (600887) closed at 29.58, up 0.20% with a trading volume of 630,400 shares and a turnover of 1.87 billion yuan [1] Capital Flow - The beverage and dairy sector experienced a net outflow of 6.8937 million yuan from institutional investors, while retail investors saw a net inflow of 40.3808 million yuan [2] - The capital flow for key stocks indicates varying trends, with Yili Group seeing a net inflow of 54.2414 million yuan from institutional investors [3] - Yangyuan Beverage had a net outflow of 43.5322 million yuan from retail investors, despite a net inflow of 36.7944 million yuan from institutional investors [3]

Core Viewpoint - Panda Dairy (300898.SZ) has approved adjustments to its fundraising projects, expanding capacity and changing the use of raised funds [1] Group 1: Project Adjustments - The company has decided to adjust the investment scale of the "Ding'an 5,000 tons per year food raw material project," increasing its capacity to 10,000 tons per year [1] - The name of the project has been changed from "Ding'an 5,000 tons per year food raw material project" to "Ding'an 10,000 tons per year food raw material project" [1] Group 2: Fund Allocation Changes - The company will reallocate 20 million yuan of the originally planned investment for the "Cangnan 30,000 tons concentrated dairy product production project" to the "Ding'an 10,000 tons food raw material project" [1] - An additional investment of 20 million yuan will be made to its wholly-owned subsidiary, Hainan Yeda Food Technology Co., Ltd., for the implementation of the project [1]

Core Viewpoint - Panda Dairy (300898.SZ) has approved adjustments to its fundraising projects, expanding capacity and changing the use of raised funds [1] Group 1: Project Adjustments - The company has decided to adjust the investment scale of the "Ding'an 5,000 tons food raw material project" and expand its capacity to 10,000 tons [1] - The name of the project has been changed from "Ding'an 5,000 tons food raw material project" to "Ding'an 10,000 tons food raw material project" [1] Group 2: Fund Allocation Changes - The company will reallocate 20 million yuan of the originally planned investment for the "Cangnan 30,000 tons concentrated dairy product production project" to the newly expanded Ding'an project [1] - An additional investment of 20 million yuan will be made to Hainan Yeda Food Technology Co., Ltd., one of the project's implementing entities [1]

智通财经APP讯，熊猫乳品(300898.SZ)披露2025年限制性股票激励计划(草案)，公司拟授予限制性股票 合计168.10万股，授予价格为14.12元/股，激励对象共计26人。本激励计划的有效期自限制性股票授予 之日起至全部归属或作废失效之日止，最长不超过36个月。 ...

Core Viewpoint - Panda Dairy (300898.SZ) has disclosed a draft for its 2025 restricted stock incentive plan, aiming to enhance employee motivation and retention through stock ownership [1] Group 1: Incentive Plan Details - The company plans to grant a total of 1.681 million restricted shares [1] - The grant price is set at 14.12 yuan per share [1] - A total of 26 individuals will be the recipients of this incentive plan [1] Group 2: Plan Duration - The effective period of the incentive plan will last from the date of stock grant until all shares are vested or become invalid, with a maximum duration of 36 months [1]

每经头条（nbdtoutiao）——展望"十五五" | 专访尹艳林：让有钱且愿消费的人顺利消费；个税起征点可 提高，最高边际税率可下调，让有关群体少缴税、多收入 2024年1至12月份，熊猫乳品的营业收入构成为：乳业占比99.4%，其他业务占比0.6%。 截至发稿，熊猫乳品市值为35亿元。 每经AI快讯，熊猫乳品（SZ 300898，收盘价：28.37元）11月17日晚间发布公告称，本激励计划授予的 激励对象共计26人，股票来源为公司向激励对象定向发行的本公司人民币普通股（A股）股票；拟授予 的限制性股票数量合计为168.1万股，占本激励计划公告时公司股本总额1.24亿股的1.36%，均为一次性 授予，不存在预留股份；限制性股票的授予价格为14.12元/股，即满足归属条件后，激励对象可以每股 14.12元的价格购买公司向激励对象定向发行的本公司人民币普通股（A股）股票，有效期自限制性股票 授予之日起至激励对象获授的限制性股票全部归属或作废失效之日止，最长不超过36个月。 （记者 王晓波） ...