21世纪经济报道记者贺泓源北京报道 | 姓名 | 性别 | 年齢 | 职务 | | | --- | --- | --- | --- | --- | | 席刚 | 場 | 53 | 重事长 | 现任 | | Liu Chang | 女 | 45 | 重事 | 现任 | | 李巍 | 女 | 72 | 重量 | 现任 | | 朱川 | 場 | રેરે | 董事、总裁 | 现任 | | 刘栩 | 場 | 45 | 畫事 | 现任 | | 戸市基 | 場 | 53 | 独立董事 | 现任 | | 景で | 場 | 53 | 独立董事 | 现任 | | 杨志清 | 場 | 63 | 独立董事 | 现任 | | 陈碧 | 女 | 48 | 独立董事 | 现任 | 新乳业的董事会。图片来源：该公司2024年年报 刘畅的新乳业 需要注意的是，此番减持，对于新乳业的股权结构影响非常有限。 此前披露的公告显示，截至2024年末，新乳业总股本为8.61亿元，自然人LiuChang（刘畅）通过UDL持有新乳业股权比例为65.07%；新希望集团董事长刘永 好通过新希望投资集团持有新乳业15.41%的股份。 刘永好之女刘畅正在减持她个 ...

Core Viewpoint - The dairy industry is facing pressure due to slowing demand growth and increased competition, yet New Hope Dairy (002946.SZ) has achieved double-digit profit growth and significant market attention, with revenue surpassing 10 billion yuan [2][3]. Industry Overview - The dairy product industry in China is expected to continue facing challenges in 2024, with total production projected to decline by 1.9% to 29.62 million tons, marking the first drop in liquid milk production in five years. Per capita dairy consumption is also expected to decrease by 5.6% [3]. - Despite these challenges, New Hope Dairy reported a revenue of 10.665 billion yuan and a net profit of 538 million yuan in 2023, reflecting a year-on-year growth of 24.8%, outperforming the industry average [3]. Company Strategy - New Hope Dairy aims to deepen its "Fresh Cube Strategy" in 2024, focusing on expanding its low-temperature core business. High-end fresh milk and mid-to-high-end series products have shown double-digit growth [3][4]. - The company has introduced the "Three Fresh Pillars" strategy, emphasizing the development of low-temperature cold chain beverage products as a new growth point [7]. Market Positioning - New Hope Dairy is capitalizing on the growing demand for high-quality dairy products, with the "24-hour" fresh milk series and local brands like "Liangshan Snow" achieving significant market penetration, particularly in lower-tier cities [8][9]. - The company is also exploring international markets, particularly in Southeast Asia, to find differentiated innovation opportunities and expand its global presence [10]. Innovation and Product Development - New Hope Dairy is committed to product innovation, with a focus on meeting diverse consumer needs through new product lines such as "Active Probiotic" yogurt and "Zero Sugar" fermented milk [6]. - The company has established a global research and development network and is collaborating with international organizations to enhance its product offerings and innovation capabilities [10].

事件：公司发布2024 年年报及2025 年一季报，公司24 年实现营业收入106.65 亿元，同比-2.93%，实现 归母净利润5.38 亿元，同比+24.80%，实现扣非归母净利润5.79 亿元，同比+24.47%，其中，公司24Q4 实现营业收入25.16 亿元，同比-9.94%，实现归母净利润0.64 亿元，同比+28.08%，实现扣非归母净利 润0.72 亿元，同比-2.25%；公司25Q1 实现营业收入26.25 亿元，同比+0.42%，实现归母净利润1.33 亿 元，同比+48.46%，扣非归母净利润1.41 亿元，同比+40.35%。 聚焦核心品类，"鲜酸双强"发展策略笃定。24 年分产品看，24 年公司低温鲜奶和低温酸奶均取得中高 个位数增长，高端鲜奶和低温调制乳同比实现双位数增长，其中"24 小时"鲜牛乳中高端系列同比增长 超15%，"活润"品牌增长超20%，新品收入占比保持双位数。25 年一季度，公司依然延续低温鲜奶和低 温酸奶良好的增长态势。我们认为，在行业大环境较为承压的情况下，公司坚持"鲜酸双强"品类发展战 略，发展路径清晰，产品创新能力强，引领低温品类高质量的增长，24 年业绩表 ...