君乐宝启动港股上市程序，老牌乳企劲旅开启资本市场新征程

Core Viewpoint - Junlebao Dairy Group has officially submitted its main board listing application, marking a significant milestone in its 30-year development and indicating a new phase of deep integration between the dairy industry and capital markets [1][4]. Group 1: Company Overview - Junlebao is a leading comprehensive dairy enterprise in China, driven by innovation and possessing a rich product portfolio and integrated operational capabilities across the entire industry chain [1][3]. - The company operates 33 modern farms with approximately 192,000 dairy cows, ranking third in the country, and maintains a self-sufficiency rate of about 66% for raw milk, ensuring supply chain stability [3][4]. Group 2: Product Innovation and R&D - Junlebao's R&D system is consumer insight-driven, leading to successful product innovations such as the "Jianchun" and "Yuexianhuo" brands, utilizing advanced technologies to enhance product quality [3][4]. - The company employs various technologies, including INF0.09 second ultra-instant sterilization and membrane filtration, to develop functional products and improve the quality of fermented dairy [3]. Group 3: Manufacturing and Quality Management - Junlebao has established 20 modern factories across the country, with a total production volume of approximately 1.38 million tons in 2024, and has received dual high-level certifications for its infant formula production [4]. - The company implements a comprehensive quality management model that spans from farm to table, ensuring high standards and receiving national and international recognition for its quality [4]. Group 4: Market Strategy and Distribution - Junlebao has built an extensive sales network covering all provinces in China, collaborating with over 5,500 distributors to ensure strong market penetration [4]. - The company utilizes a "Channel Iron Army" management model and digital tools for precise operations at the retail level, enhancing market execution and driving continuous growth [4]. Group 5: Future Outlook - The initiation of the listing process is expected to enhance Junlebao's competitiveness and inject new momentum into the high-quality development of the dairy industry, paving the way for the global expansion of Chinese dairy [4].