Core Viewpoint - The article discusses the sale of Yuno China, a high-end yogurt brand, by Tiantu Investment to Kunshan Noyuan Ruiyuan Management Consulting Co., with a transaction value of approximately 1.8 billion RMB, highlighting the challenges faced by the yogurt industry in China and the strategic reasons behind the sale [3][5]. Group 1: Transaction Details - Tiantu Investment announced the sale of its stake in Yuno China for about 1.8 billion RMB, marking it as one of the significant transactions in the dairy industry in recent years [3][5]. - The sale is expected to result in a loss of 847,000 RMB for Tiantu Investment, despite the brand's recent recovery in performance [3][6]. - Yuno China, the Chinese entity of the global yogurt brand Yoplait, was acquired by Tiantu Investment in 2019, but the specific acquisition price was not disclosed [3][4]. Group 2: Performance and Market Challenges - Yuno China faced significant challenges post-acquisition, including the impact of the pandemic and industry adjustments, leading to losses of 96.3 million RMB, 57.7 million RMB, and 39.7 million RMB in 2020, 2021, and 2022, respectively [5][6]. - The company's revenue showed improvement in 2023 and 2024, reaching 450 million RMB and 810 million RMB, with net profits recovering to 8.394 million RMB and 95.454 million RMB [5][6]. - The high-end yogurt market in China has been under pressure, with increased competition from domestic dairy companies and various trendy yogurt brands, contributing to the decision to sell [6][7]. Group 3: Future Outlook - The new owner, Kunshan Noyuan Ruiyuan, is backed by IDG Capital, which has a history of investing in consumer technology and health sectors [6][7]. - Analysts suggest that the rapid rise of domestic consumer brands poses significant challenges to traditional international brands like Yuno, and the future management of Yuno China under IDG Capital remains to be seen [6][7].

优诺中国业绩刚刚转好就被摆上了交易台 在通用磨坊、天图投资之后，曾经高端酸奶的代表性品牌优诺中国又将换新东家。 近日，天图投资（01973.HK）发布公告，称将出售所持优诺中国股权给昆山诺源睿源管理咨询有限公 司，整体交易对价约为18亿元人民币，这是近年来乳制品行业少有的大手笔交易之一。不过记者注意 到，公告显示，出售优诺中国预计带来84.7万元亏损。 2024年，随着国内低温酸奶品类回暖，以及优诺产品线进一步扩展，优诺中国业绩开始回升。2023年和 2024年，优诺中国收入分别为4.5亿元和8.1亿元，税后净利润回升至839.4万元和9545.4万元，有明显改 善。 然而公告显示，天图投资预计在整体出售优诺中国业务后仍将亏损84.7万元。 独立乳业分析师宋亮告诉第一财经记者，疫情后，国内酸奶市场整体疲软，特别是高端酸奶市场下滑明 显，优诺的市场体量也在逐步收缩。加上国内乳企和各种网红酸奶品牌的激烈竞争，此次机构出售优诺 中国业务也有及时脱手的意味。 而接盘优诺中国的也是一家中国投资机构。企查查数据显示，收购方昆山诺源睿源注册于2025年3月20 日，其二级股东包括珠海嘉拓管理咨询合伙企业（有限合伙）、南昌和 ...