Core Insights - Tianrun Dairy reported a revenue of approximately 2.074 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 3.81% [1] - The company experienced a net loss attributable to shareholders of approximately 10.61 million yuan, which is a significant year-on-year decline of 147.7% [1] Financial Performance - Revenue for the first three quarters: 2.074 billion yuan, down 3.81% year-on-year [1] - Net profit loss: approximately 10.61 million yuan, a decrease of 147.7% year-on-year [1]

Summary of Key Points Core Viewpoint - Mengniu Dairy has been actively repurchasing its shares, indicating a strategy to enhance shareholder value amidst market fluctuations [2]. Share Buyback Details - On October 23, 2025, Mengniu Dairy repurchased 700,000 shares at a price range of HKD 14.330 to HKD 14.400, totaling HKD 10.0692 million [2]. - The stock closed at HKD 14.400 on the same day, reflecting a 0.42% increase, with a total trading volume of HKD 138 million [2]. - Since October 16, 2025, the company has conducted buybacks for six consecutive days, acquiring a total of 4.6 million shares for HKD 66.0454 million, despite a cumulative stock price decline of 1.03% during this period [2]. Year-to-Date Buyback Activity - Year-to-date, Mengniu Dairy has executed 97 buybacks, acquiring a total of 29.368 million shares for a total expenditure of HKD 468 million [2].

Group 1 - The core point of the article highlights that Tianrun Dairy's performance has shifted from profit to loss in the first three quarters of the year due to low raw milk prices and increased culling of low-value cattle [1][2] - In the first three quarters, the company reported a revenue of 2.074 billion yuan, a decrease of 3.81% year-on-year, and a net profit attributable to shareholders of approximately -10.61 million yuan [1] - The third quarter saw a revenue of 678 million yuan, down 4.84% year-on-year, with a net profit of 11.24 million yuan, reflecting a significant decline of 77.60% [1] Group 2 - The company has increased the culling of cattle to optimize herd structure, resulting in a reduction of cattle inventory from 64,800 to 51,900 heads by the end of the reporting period [2] - The domestic dairy industry is experiencing a phase of capacity reduction in upstream farming and inventory clearance in downstream dairy enterprises, with fresh milk prices in major producing provinces dropping by 3.2% year-on-year [2] - As of September, Tianrun Dairy's annual production capacity for processed dairy products has reached 200,000 tons, with the project nearing completion and entering trial production [3]

智通财经APP讯，天润乳业(600419.SH)披露2025年第三季度报告，公司前三季度实现营收20.74亿元， 同比下降3.81%;归属于上市公司股东的净利润亏损1061万元;扣非净利润7654万元，同比增长3.12%;基本 每股收益-0.0337元。 ...

关于 2025 年第三季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》及 其附件《第十四号——食品制造》的相关规定，现将新疆天润乳业股份有限公司 2025 年第三季度主要经营数据（未经审计）公告如下： 新疆天润乳业股份有限公司 | 证券代码：600419 | 证券简称：天润乳业 | 公告编号：2025-060 | | --- | --- | --- | | 债券代码：110097 | 债券简称：天润转债 | | 新疆天润乳业股份有限公司 单位：元 币种：人民币 产品类别 2025 年 1-9 月 常温乳制品 1,096,097,300.58 低温乳制品 822,213,736.68 畜牧业产品 83,041,416.31 其他 11,222,123.32 合计 2,012,574,576.89 新疆天润乳业股份有限公司 一、2025 年第三季度主要经营数据 1、主营业务按照产品类别分类情况 2、主营业务按照销售渠道分类情况 单位： ...

格隆汇10月23日丨天润乳业(600419.SH)公布，公司第三季度实现营业收入6.78亿元，同比下降4.84%； 归属于上市公司股东的净利润1124.18万元，同比下降77.60%；归属于上市公司股东的扣除非经常性损 益的净利润1874.89万元，同比下降62.71%；基本每股收益0.0356元。 ...

Core Viewpoint - Tianrun Dairy (600419) reported a decline in both revenue and net profit for the third quarter of 2025, indicating challenges in its operational performance [1] Financial Performance - The company's third-quarter revenue was 678 million yuan, a year-on-year decrease of 4.84% [1] - Net profit for the third quarter was 11.24 million yuan, reflecting a significant year-on-year decline of 77.6% [1] - For the first three quarters, total revenue reached 2.074 billion yuan, down 3.81% compared to the same period last year [1] - The company reported a net loss of 10.61 million yuan for the first three quarters [1] Operational Challenges - The decline in performance is attributed to the company's increased efforts in eliminating low-production-value cattle [1] - The company has also made provisions for bad debts related to student milk and infant formula receivables [1]

南财智讯10月23日电，天润乳业公告，2025年前三季度公司实现营业收入20.74亿元，同比下降3.81%； 归属于上市公司股东的净利润-0.11亿元，同比下降147.66%。基本每股收益-0.0337元，同比下降 147.73%。 ...

Core Viewpoint - Tianrun Dairy reported a decline in both revenue and net profit for the third quarter and the first three quarters of the year, indicating potential challenges in the company's financial performance [1] Financial Performance - The company's revenue for the third quarter was 678 million yuan, a decrease of 4.84% compared to the previous year [1] - Net profit for the third quarter was 11.24 million yuan, down 77.60% year-on-year [1] - For the first three quarters, the total revenue was 2.074 billion yuan, reflecting a decline of 3.81% [1] - The net profit for the first three quarters showed a loss of 10.61 million yuan, a significant decrease of 147.66% compared to the same period last year [1]

Core Viewpoint - Mengniu Dairy (02319) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Summary by Categories Company Actions - The company plans to repurchase 700,000 shares at a total cost of HKD 10.0692 million [1] - The buyback price per share ranges from HKD 14.33 to HKD 14.4 [1] Financial Implications - The total expenditure for the buyback reflects the company's strategy to enhance shareholder value [1]