Group 1 - China Shengmu (01432) shares rose over 10%, reaching 0.33 HKD with a trading volume of 6.1415 million HKD [1] - China Shengmu Organic Dairy Co., Ltd. was awarded the title of "Benchmark Enterprise" for the "Animal-Friendly Farm Level Evaluation Standard," becoming one of the first companies in China to receive this certification [1] - The T/CVDA 38-2025 "Animal-Friendly Farm Level Evaluation - Dairy Cattle" standard was released, with China Shengmu being a key drafting unit, contributing significantly to its formulation [1] Group 2 - Tianfeng Securities indicated that raw milk prices are at a low point, awaiting a new cycle, with expectations for a prolonged upward cycle due to long recovery periods and low efficiency [1] - The current phase of cow capacity reduction is nearing its end, and the financial pressure from Q3 silage purchases may accelerate the clearing of marginal costs, leading to a potential rebound in raw milk prices [1] - Companies with cow resources or those adopting a "milk-meat linkage" model are expected to have more prominent profitability [1]

Group 1 - China Shengmu (01432) shares rose over 10%, currently up 10.00% at HKD 0.33, with a trading volume of HKD 6.1415 million [1] - China Shengmu Organic Dairy Co., Ltd. has been awarded the title of "Benchmark Enterprise" under the "Animal-Friendly Farm Level Evaluation Standard," becoming one of the first companies in China to receive "Animal-Friendly" farm certification [1] - The T/CVDA 38-2025 "Animal-Friendly Farm Level Evaluation - Dairy Cattle" standard was released, with China Shengmu being a key drafting unit, contributing significantly to the standard's formulation [1] Group 2 - Tianfeng Securities (601162) indicates that raw milk prices are stabilizing at low levels, awaiting a new cycle [1] - Due to long recovery periods and low efficiency, the current upward cycle is expected to last longer [1] - The current reduction in dairy cow capacity may be nearing its end, and the financial pressure from Q3 silage purchases could accelerate the clearing process, with raw milk prices likely to bottom out and rebound [1] - Companies with cow resources or those adopting a "milk-meat linkage" model are expected to have stronger profitability [1]