君乐宝递交港交所主板上市申请，夯实乳品品质根基领跑行业

Core Viewpoint - Junlebao Dairy Group has officially submitted its IPO application to the Hong Kong Stock Exchange, highlighting its integrated supply chain model as a key driver for growth and market appeal [1] Group 1: National Coverage and Supply Chain - Junlebao has established a nationwide network of dairy product R&D and production bases, as well as dairy farms across various regions in China, including North, East, Central, South, Southwest, Northwest, and Northeast [3] - This national strategy allows for localized supply of raw milk and rapid product distribution, while also enabling the company to adapt its production and marketing strategies to regional consumer preferences [3] - The company boasts a leading position in dairy cow inventory and self-sufficiency in raw milk supply, effectively mitigating the impact of external raw material fluctuations on production [3] Group 2: Product Matrix and Market Position - Junlebao has developed a robust product matrix that caters to various consumer scenarios, with several products leading their respective market segments, contributing significantly to revenue growth [4] - The company’s Jianchun yogurt is the top brand in the low-temperature yogurt category, while Yuexianhuo is the leading brand in the premium fresh milk segment [4] - Junlebao's infant formula milk powder ranks among the top three domestic brands for five consecutive years, reflecting strong consumer recognition and demand [4] Group 3: Industry Growth and Opportunities - The Chinese dairy industry is experiencing sustained growth, with a 7.2% year-on-year increase in milk production and a 3.6% increase in dairy product output from January to August 2023 [5] - Junlebao's integrated supply chain model enhances its potential for growth by ensuring stable and safe raw material supply, effectively controlling costs amid fluctuating milk prices [5] - The upcoming IPO is expected to provide critical momentum for the digital and intelligent upgrades of Junlebao's supply chain, positioning the company to strengthen its competitive edge and contribute to the high-quality development of the Chinese dairy industry [5]