证券日报网1月9日讯，味知香（605089）在接受调研者提问时表示，公司区域拓展策略还是坚持深耕长 三角，夯实基本盘，同时逐步向外围区域扩展。针对外围区域，公司划分了部分核心区域和次核心区 域，分层布局，进一步推进长三角区域深耕与外围市场拓展的协同推进，逐步扩大公司市场覆盖范围。 ...

格隆汇1月9日丨镇海股份(603637.SH)公布，本公司于2026年1月9日召开第六届董事会第四次会议，审 议通过了《关于设立镇海石化工程股份有限公司广东分公司的议案》。根据《公司章程》及相关规定， 本次议案无需提交公司股东会审议。 为深化区域市场拓展，完善服务网络布局，保障项目高质量执行。公司决定设立广东分公司。本次设立 分公司基于以下考虑：一是有利于提升对华南地区重点客户的服务响应效率与项目实施质量，保障现有 中标合同的顺利履行；二是能够更紧密地贴近华南石化产业市场，把握区域产业升级与绿色发展机遇， 巩固和扩大公司在硫磺回收、化工新材料等领域的竞争优势；三是有助于吸纳本土人才、整合当地资 源，提升本地化服务能力；四是可以与公司现有分支机构形成协同，进一步优化全国市场与服务网络， 支撑公司长远发展战略。 ...

格隆汇1月9日丨镇海股份(603637.SH)公布，本公司于2026年1月9日召开第六届董事会第四次会议，审 议通过了《关于设立镇海石化工程股份有限公司广东分公司的议案》。根据《公司章程》及相关规定， 本次议案无需提交公司股东会审议。 为深化区域市场拓展，完善服务网络布局，保障项目高质量执行。公司决定设立广东分公司。本次设立 分公司基于以下考虑：一是有利于提升对华南地区重点客户的服务响应效率与项目实施质量，保障现有 中标合同的顺利履行；二是能够更紧密地贴近华南石化产业市场，把握区域产业升级与绿色发展机遇， 巩固和扩大公司在硫磺回收、化工新材料等领域的竞争优势；三是有助于吸纳本土人才、整合当地资 源，提升本地化服务能力；四是可以与公司现有分支机构形成协同，进一步优化全国市场与服务网络， 支撑公司长远发展战略。 ...

本次设立分公司基于以下考虑：一是有利于提升对华南地区重点客户的服务响应效率与项目实施质量， 保障现有中标合同的顺利履行;二是能够更紧密地贴近华南石化产业市场，把握区域产业升级与绿色发 展机遇，巩固和扩大公司在硫磺回收、化工新材料等领域的竞争优势;三是有助于吸纳本土人才、整合 当地资源，提升本地化服务能力;四是可以与公司现有分支机构形成协同，进一步优化全国市场与服务 网络，支撑公司长远发展战略。 镇海股份（603637）(603637.SH)发布公告，为深化区域市场拓展，完善服务网络布局，保障项目高质 量执行。公司决定设立广东分公司，营业场所：广东省茂名市(具体地址待定)。 ...

本次设立分公司基于以下考虑：一是有利于提升对华南地区重点客户的服务响应效率与项目实施质量， 保障现有中标合同的顺利履行;二是能够更紧密地贴近华南石化产业市场，把握区域产业升级与绿色发 展机遇，巩固和扩大公司在硫磺回收、化工新材料等领域的竞争优势;三是有助于吸纳本土人才、整合 当地资源，提升本地化服务能力;四是可以与公司现有分支机构形成协同，进一步优化全国市场与服务 网络，支撑公司长远发展战略。 智通财经APP讯，镇海股份(603637.SH)发布公告，为深化区域市场拓展，完善服务网络布局，保障项 目高质量执行。公司决定设立广东分公司，营业场所：广东省茂名市(具体地址待定)。 ...

镇海股份公告称，于2026年1月9日召开董事会会议，审议通过设立广东分公司议案。分公司性质为股份 有限公司分公司，营业场所拟在广东省茂名市，经营范围凭总公司授权，不超公司范围。设立目的是深 化区域市场拓展等，虽分公司无独立法人资格，法律责任由公司承担，但符合长远战略，将提升竞争力 与效益。董事会授权经理层办理设立工作。 ...

Core Viewpoint - Zhonggong Education plans to establish a wholly-owned subsidiary in the Hengqin Guangdong-Macao Deep Cooperation Zone to accelerate market expansion in South China and promote sustainable development [1] Group 1 - The new subsidiary, tentatively named Zhonggong Zhiyuan (Zhuhai Hengqin) Education Technology Co., Ltd., will have a registered capital of 150 million yuan [1] - The establishment of this subsidiary is part of the company's strategy to enhance its presence in the South China market [1]

Core Insights - The company reported a total revenue of 576 million yuan for the first three quarters of 2025, a year-on-year decline of 2.59% [1] - The net profit attributable to shareholders was 99 million yuan, an increase of 23.70% compared to the same period last year, marking five consecutive years of growth [1] - The company aims to innovate its product offerings to capture new growth opportunities in a competitive market [2] Financial Performance - Total revenue for the first three quarters: 576 million yuan, down 2.59% year-on-year [1] - Net profit attributable to shareholders: 99 million yuan, up 23.70% year-on-year [1] - Non-recurring net profit: 96 million yuan, up 28.3% year-on-year [1] - Operating cash flow: 199 million yuan, down 7.9% year-on-year [1] - Inventory decreased from 70.46 million yuan at the end of 2024 to 59.59 million yuan as of September 30, 2025, a decline of 15.43% [1] Market Performance - Sales revenue in the domestic market (Fujian province): 425 million yuan, up 0.74% year-on-year [1] - Sales revenue in external markets: 140 million yuan, down 13.77% year-on-year [1] - The number of distributors in external markets increased by 19 during the reporting period [1] Product Development - Sales revenue from mid-to-high-end products: approximately 403 million yuan, up 1.42% year-on-year [2] - Sales revenue from regular products: approximately 162 million yuan, down 13.33% year-on-year [2] - The company plans to launch new products, including low-calorie and non-alcoholic options, to diversify its offerings [2] Marketing Initiatives - The company hosted the fourth Huichuan Beer Carnival in August, aiming to deepen emotional connections with consumers through immersive brand experiences [4] - The company is exploring innovative marketing strategies to differentiate itself in a saturated market [4] Shareholder and Management Changes - As of September 30, 2025, seven of the top ten shareholders had changes in their holdings, with five increasing and two decreasing their shares [4] - A management change was announced, with Liu Xiangyu stepping down as general manager while remaining as chairman, and Yi Wenxin appointed as the new general manager [4] Upcoming Events - The company will hold a performance briefing on October 27, 2025, where management may provide further insights into strategic plans and future outlook [5]

Core Viewpoint - Guizhou Southern Dairy Co., Ltd. is responding to the first round of inquiry from the Beijing Stock Exchange regarding its IPO application, addressing key issues such as milk supply chain, regional market dependence, subsidiary losses, and the rationale for fundraising [1][3]. Company Overview - Guizhou Southern Dairy is a subsidiary of Guizhou Agricultural Investment Development Group, focusing on the research, production, and sales of dairy products and livestock breeding, with brands including "Shanhua," "Huadu Pasture," and "Guicao" [3]. - The company has a significant reliance on the Guizhou market, with over 90% of its main business revenue generated from the province [3]. Market Expansion - Despite efforts to expand beyond Guizhou, the company still sees over 90% of its revenue from the province, although it has made inroads into markets in Hunan, Sichuan, Chongqing, Guangxi, Yunnan, Guangdong, and Hainan [3][4]. - The company reported a market share of approximately 67.84% in Guizhou in 2023, up from 59.37% in 2022, indicating growth potential in the local market [4]. Supply Chain and Sourcing - The company sources fresh milk from its own farms, subsidiaries, third-party large farms, and cooperatives, with over 51.1% of its fresh milk supply coming from external sources in 2024, a significant increase from 39.24% in 2023 [5][6]. - The average price of fresh milk has decreased from 4.16 yuan/kg in 2022 to 3.31 yuan/kg in 2024, a drop of 20.43%, prompting the company to increase its reliance on external milk sourcing [6][7]. Financial Performance - The company's revenue grew from 1.575 billion yuan in 2022 to 1.805 billion yuan in 2023, with a slight increase to 1.817 billion yuan in 2024, indicating a slowdown in growth [7]. - Net profit rose from 173 million yuan in 2022 to 200 million yuan in 2023, with a marginal increase to 209 million yuan in 2024, reflecting limited growth [7]. Subsidiary Losses - The company acknowledged that the collective losses of its three subsidiaries in 2024 were reasonable due to declining fresh milk prices and increased costs associated with new farm constructions [8]. - The subsidiaries are showing signs of recovery in 2025, with improved operational conditions and reduced costs [8][9]. Fundraising and Investment Plans - The company initially planned to raise 980 million yuan but has since reduced the total to 750 million yuan, eliminating the supplementary working capital project and adjusting the marketing network investment [10][11]. - The revised fundraising will support the establishment of a milk source production base and enhance the marketing network to improve brand influence and market share [11].

Core Viewpoint - Xiangyou Technology (600476.SH) is establishing a branch in Guangdong Province to enhance local service capabilities and meet increasing customer demands for localized service and response speed [1] Group 1: Business Development - The company is expanding its business in the postal industry in Guangdong, focusing on integrated payment, smart scenarios, vehicle networking, and traceable visual collection systems [1] - The expansion includes the development of system integration services in other industries, indicating a diversification of business operations [1] Group 2: Customer Service Enhancement - The establishment of the Guangdong branch aims to improve customer service capabilities and response times, addressing the needs of clients in the region [1] - The company plans to hire 7 local business personnel to facilitate direct communication with key clients, such as the Guangdong Postal Service, for ongoing and planned projects [1] Group 3: Market Strategy - The move to set up a branch is part of a strategy to consolidate regional market resources and increase market share in key areas [1] - The company aims to optimize market resource allocation and create synergies through the new branch [1]