9月29日，贵州南方乳业股份有限公司（下称"南方乳业"）披露北交所第一轮审核问询函回复，就奶源供应链、区域市场依赖、子公司亏损、募资 合理性等核心问题作出回应。 北交所上市申请审核动态显示，其IPO申请于6月24日获北交所受理；7月17日收到首轮问询函。 | 代码 | 874142 | 简称 | 南方乳业 | | --- | --- | --- | --- | | 公司全称 | 贵州南方乳业股份有限公司 | 受理日期 | 2025-06-24 | | 审核状态 | 中止 | 更新日期 | 2025-09-29 | | 保荐机构 | 中信证券股份有限公司 | 保荐代表人 | 申豪,魏宏敏 | | 会计师事务所 | 北京国富会计师事务所 (特殊普通合伙) | 签字会计师 | 刘功,刘宇 | | 律师事务所 | 北京德恒律师事务所 | 签字律师 | 王亚丽,赵雅楠 | | 评估机构 | 湖北众联资产评估有限公司 | 签字评估师 | 胡传清,赵丽君 | 贵州省内主营业务收入占比超九成 作为集养殖、生产、销售于一体的乳制品企业，招股书显示，南方乳业向自有牧场、控股子公司牧场、第三方大型牧场以及专业合作社等采购生 鲜乳。 ...

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]

Core Viewpoint - The company has announced the establishment of a new branch in Guangdong Province to enhance local market presence and service capabilities [1] Group 1: Company Announcement - The company will hold the 27th meeting of the 8th Board of Directors on September 30, 2025, to approve the establishment of the Guangdong branch [1] - The new branch will not have independent legal person status, and the company will bear its civil liabilities [1] Group 2: Operational Focus - The registered location of the new branch will be in Tianhe District, Guangzhou, Guangdong Province [1] - The intended business scope includes research, development, production, and sales of computer software and hardware, as well as high-tech electronic products related to postal services [1] - The branch will also provide related technical development and consulting services [1] Group 3: Strategic Objectives - The establishment of the branch aims to integrate regional market resources [1] - The company seeks to enhance customer service capabilities and improve local service response speed [1] - The goal is to increase market share in the region [1]