文/华夏ESG观察联盟 在循环经济方面：蒙牛面向消费者开展的回收再生活动覆盖了 27 座城市，活动参与人数近 10万人，成 功回收乳制品包装约20,000千克；共有13家工厂获评"无废工厂"示范单位，8家工厂通过了"零填埋工 厂"认证。 蒙牛宁夏工厂，获得世界经济论坛认证的"灯塔工厂"认证，通过全流程智能化改造与能源管理创新，实 现生产效率与能源效率的双重突破。宁夏工厂办公楼项目较其他同类建筑能够实现降碳 20%- 40%，年 降碳约2,000吨，并荣获由美国绿色建筑委员会颁发的LEED 绿色建筑金级认证。在运营端，蒙牛宁夏 工厂运用智慧能源系统，优化设备数量，减少异常损耗，能源消耗整体降低43%，应用磁悬浮、智能包 装控制、智能装车等技术，创建智慧黑灯实验室，建立乳业黑灯物料库房，实现生产流程的高度集成与 自动化和能源高效利用的结合。 专家点评：13家工厂获评 "无废工厂"，8家通过 "零填埋" 认证，累计光伏装机超28MW。以绿色工厂为 核心，全链条循环经济为支撑，将低碳理念贯穿生产全流程，推动行业系统化降耗升级，引领行业绿色 高质量发展。（何继江-清华大学） 实践案例 蒙牛承诺 2050 年实现全产业链 ...

"一罐奶粉" 背后，全产业链样本的养成。 中国乳业，早已告别了 "有没有" 的时代。 根据《中国奶业质量报告（2025）》，2024 年全国生鲜乳抽检合格率已达 99.96%，奶牛年均单产 9.9 吨，100 头以上规模化养殖比例达到 78%，中国奶业已基本完成从 "能供得上" 到 "要供得好" 的 跃升。消费端也在用订单投票：2020 年至 2024 年，低温鲜奶渗透率从 23% 攀升至 41%，奶酪消费 量快速增长，华经产业研究院指出，中高端乳制品占比持续提升，越来越多消费者愿意为更高品质付 出溢价。 乳业竞争已彻底从 "规模" 转向 "质量"，从 "渠道" 转向 "供应链"。 在这样的背景下，央视今年三次深度专访君乐宝乳业集团董事长兼总裁魏立华。在最新一期《对话·创 新中国行》中，主持人陈伟鸿和魏立华一起俯瞰君乐宝位于张家口察北地区的旗帜乳业集群——草 场、牧场、饲料基地、工厂、沼气发电站，被整合进同一视野，构成一个占地 2 万亩的一体化闭环产 业链。 魏立华介绍，这套全球首创的种养加 "零距离一体化" 模式，将牧草种植、奶牛养殖、粪便还田、奶粉 加工连成闭环，实现鲜奶 98 秒入厂、2 小时完成加工， ...

Market Overview - The dairy sector experienced a decline of 1.82% as of the market close on September 22, ranking among the top losers in concept sectors [1] - Major stocks within the dairy sector that saw significant declines include Huanlejia, Xinong Development, and Maiqu'er [1] Capital Flow - The dairy sector faced a net outflow of 391 million yuan from main funds, with 30 stocks experiencing net outflows, and 13 stocks seeing outflows exceeding 10 million yuan [1] - The stock with the highest net outflow was Dabeinong, with a net outflow of 71.71 million yuan, followed by Yiyatong, Huanlejia, and Beiyinmei [1] Top Gainers and Losers - The top gainers in the market included Yili, Maiqu'er, and Qingdao Food, with net inflows of 10.36 million yuan, 5.83 million yuan, and 0.87 million yuan respectively [1] - The dairy sector's outflow leaderboard featured Dabeinong, Yiyatong, Huanlejia, and Beiyinmei, all showing negative performance [2] Detailed Stock Performance - Dabeinong: -1.66% with a turnover rate of 2.73% and a main fund flow of -71.71 million yuan [2] - Yiyatong: -2.78% with a turnover rate of 6.31% and a main fund flow of -69.72 million yuan [2] - Huanlejia: -5.99% with a turnover rate of 3.92% and a main fund flow of -33.29 million yuan [2] - Beiyinmei: -1.69% with a turnover rate of 4.51% and a main fund flow of -22.49 million yuan [2]

Core Viewpoint - The stock market showed a positive trend with all three major indices closing in the green, particularly driven by strong performances in the precious metals and consumer electronics sectors [1] Sector Summary - **Precious Metals Sector**: Continued strong performance with Hunan Silver hitting the daily limit up [1] - **Consumer Electronics Sector**: Exhibited strength throughout the day, with Hongfuhuan reaching the daily limit up of 20%, and several stocks like Changying Precision and Hongxi Technology rising over 20% [1] - **Semiconductor Chips**: Experienced fluctuations but showed strength, with Zhongke Lanyun also hitting the daily limit up [1] - **Declining Sectors**: The large consumption sector faced collective adjustments, with film and cinema, tourism and hotels, and dairy industries leading the decline, including stocks like Jinyi Film and China Film hitting the daily limit down [1] - **Weakness in Hyperbaric Oxygen Chamber Sector**: This sector saw declines, with Hangyang Co. leading the drop [1] Market Performance - The Shanghai Composite Index closed at 3828.58 points, up 0.22% - The Shenzhen Component Index closed at 13157.97 points, up 0.67% - The ChiNext Index closed at 3107.89 points, up 0.55% - Overall, there were more declining stocks than rising ones, with over 3100 stocks declining [1]

9月22日，A股三大指数集体收涨。 热门ETF中，食品饮料ETF天弘（159736）截至收盘跌1.22%，成交额超2800万元，净申购达8400万 份。成分股中，中粮糖业涨1.48%，粤桂股份、国投中鲁、华统股份等多股跟涨。 此外，在资金流向方面，Wind数据显示，截至9月19日，食品饮料ETF天弘（159736）已连续4日获资金 净流入，累计"吸金"7435万元。 食品饮料ETF天弘（159736）紧密跟踪中证食品饮料指数，该指数以中证全指为样本空间，选取归属于 饮料、包装食品与肉类两个行业的上市公司股票作为成分股。十大重仓股包括贵州茅台、伊利股份、五 粮液、山西汾酒、泸州老窖、海天味业等多只大市值龙头股。此外，食品饮料ETF天弘（159736）还配 置了场外联接基金（A: 001631；C: 001632）。 华创证券表示，重视白酒底部催化，大众品精选产业趋势。白酒二季度报表加速出清，头部白酒等传统 消费步入底部吸筹期，后续旺季催化有望推动估值回升。大众品精选产业趋势，零食、饮料、黄酒等表 现较好，而传统板块啤酒、乳业等传统龙头ROE已实现开始改善。 国元证券认为，白酒方面，双节将至，建议密切追踪批价和动 ...

新华社乌鲁木齐9月21日电 题：天山焕新颜 丝路著华章——新疆维吾尔自治区成立70周年发展成 就综述 新华社记者李自良、曹志恒、于涛 20世纪50年代，库尔班·吐鲁木大叔想要骑着毛驴上北京看望毛主席的佳话传遍神州大地。历经旧 社会苦难的库尔班大叔当时可能不会想到，70年后，乡亲们下午从县城乘飞机出发，晚上就能到达北 京。 曾需数月艰难跋涉的旅程，如今一日可达。这正是新疆维吾尔自治区成立70周年来发展的一个缩 影。从百废待兴到百业兴旺，从闭塞边陲到璀璨明珠，新疆的变迁堪称一部波澜壮阔的史诗。 党的十八大以来，新疆各族干部群众沿着习近平总书记指引的方向，完整准确全面贯彻新时代党的 治疆方略，牢牢扭住社会稳定和长治久安总目标，紧扣铸牢中华民族共同体意识工作主线，书写了一个 又一个跨越式发展的奇迹。新时代的新疆，团结和谐、繁荣富裕、文明进步、安居乐业、生态良好，展 现出一幅欣欣向荣、充满活力的美好画卷。 西部边疆日新月异 新疆，这片占陆地国土面积约六分之一的地区，历来长路难行。新中国成立之初，新疆的公路总里 程仅有3000多公里，且路况极差。曾在新疆交通运输厅工作近40年的退休干部黄维回忆："人们要出远 门得先坐驴车 ...

Group 1 - The market shows a divergence where the overall index is up, but over 3100 individual stocks are down, indicating a "index smiles while individual stocks cry" scenario [1] - The technology sector is performing well, with significant gains in consumer electronics and semiconductors, and the ChiNext index rising over 3% [1][3] - Consumer electronics stocks are experiencing a surge, driven by increased orders from Apple and the initiation of an AI smartphone replacement wave, leading to a recovery in the industry [3] Group 2 - The semiconductor sector is also strong, with companies like Zhongke Lanyun hitting the daily limit, supported by the national big fund holding concept and the long-term potential of domestic substitution [3] - The major declines are seen in the consumer sector, particularly in film and television, tourism, and dairy industries, with companies like Jinyi Film and China Film hitting the daily limit down [3] - The gold sector continues to rise, with Hunan Silver hitting the daily limit, driven by international gold price increases, although caution is advised due to high volatility [3] Group 3 - For long-term investors, the focus should be on core sectors such as computing power, semiconductors, automotive electronics, and innovative pharmaceuticals, which are expected to be the main players in the next three to five years [4] - Market fluctuations are viewed as opportunities rather than risks, emphasizing the importance of strategic positioning during quieter market periods [4]

Core Insights - The 17th National Nutrition Science Conference was held in Beijing, coinciding with the 80th anniversary of the Chinese Nutrition Society, where Mengniu Group received the first prize of the Chinese Nutrition Society Science and Technology Award for its age-specific nutrition research achievements [1][13] - Mengniu and the Chinese Nutrition Society signed a ten-year strategic cooperation agreement aimed at creating an innovative hub for dairy nutrition through collaboration in research, standard upgrades, and nutrition popularization [2][4] Strategic Cooperation - The conference's theme was "Nutritional Innovation - Promoting High-Quality Development of National Health," featuring participation from various government departments and top experts in the field [2] - The strategic cooperation focuses on long-term collaboration in scientific research, result transformation, and nutrition education, establishing a model for "production, learning, research, and application" in the dairy industry [2][4] Industry Trends - The cooperation aligns with the growing national health demands and industry trends, aiming to enhance the nutritional health of the population and explore new paths for high-quality development in the dairy sector [6] - Mengniu has previously collaborated with the Chinese Nutrition Society on initiatives like the "Healthy China Nutrition+ Alliance" and established research centers focusing on elderly nutrition and health [8] Innovation and Research - Mengniu emphasizes technological advancements to meet evolving consumer needs, shifting from basic nutrition to precise dietary matching [9] - The company has made significant investments in research, achieving breakthroughs in areas such as deep processing of milk, micro-ecology, and precision nutrition [11] Recognition and Achievements - Mengniu's project on age-specific nutrition for children was awarded the highest science and technology award in the nutrition field, recognizing its continuous investment and innovative results in children's nutrition research [13][15] - The company has developed a comprehensive product matrix targeting different age groups, focusing on children's growth nutrition [15] Future Directions - Mengniu aims to enhance its role in national health by expanding its product offerings from basic dairy to high-quality and precise nutrition solutions, encapsulated in the concept of "three cups of milk" [18] - The company is committed to its mission of "every drop of nutrition, blooming every life," leveraging technology to strengthen research collaboration and promote nutritional awareness [18]

Core Viewpoint - The article emphasizes the strategic response of Sanyuan Foods to the challenges posed by instant retail, focusing on maintaining high-quality delivery and deep consumer relationships rather than competing solely on speed [3][7][11]. Group 1: Company Strategy - Sanyuan Foods has launched its first low-temperature product, showcasing its commitment to quality and consumer connection [2]. - The company prioritizes a "slow" and "heavy" approach to protect the relationship with consumers, contrasting with the prevalent "fast" and "light" consumption trends [5][38]. - Sanyuan's delivery model emphasizes freshness and quality, with a focus on local sourcing and a robust cold chain logistics system [8][9][12]. Group 2: Product Innovation - The new Sanyuan Beijing fresh milk product has improved protein content from 3.0g to 3.5g per 450ml and maintains a shelf life of 7-9 days, enhancing its competitiveness in the premium fresh milk market [15]. - Sanyuan's commitment to product freshness is supported by a comprehensive traceability system that exceeds EU standards, ensuring 100% local milk sourcing [14]. Group 3: Market Positioning - Sanyuan aims to leverage its strong brand presence in Beijing while expanding its reach in the Beijing-Tianjin-Hebei region, recognizing the need to adapt to changing consumer preferences [26][27]. - The company has initiated a strategic transformation to optimize its sales system and enhance its competitive edge in the low-temperature milk segment, which is one of the few areas experiencing growth [34][32]. Group 4: Consumer Engagement - Sanyuan's marketing strategy includes cultural recognition and emotional connection, as seen in its collaboration with actor Ge You and the establishment of new retail locations that resonate with local consumers [24][28]. - The resurgence of home delivery services reflects a shift in consumer behavior, with Sanyuan positioning itself as a trusted local brand that embodies the "Beijing taste" [18][21].

天山焕新颜 丝路著华章——新疆维吾尔自治区成立70周年发展成就综述 新华社记者李自良、曹志恒、于涛 20世纪50年代，库尔班·吐鲁木大叔想要骑着毛驴上北京看望毛主席的佳话传遍神州大地。历经旧社会 苦难的库尔班大叔当时可能不会想到，70年后，乡亲们下午从县城乘飞机出发，晚上就能到达北京。 曾需数月艰难跋涉的旅程，如今一日可达。这正是新疆维吾尔自治区成立70周年来发展的一个缩影。从 百废待兴到百业兴旺，从闭塞边陲到璀璨明珠，新疆的变迁堪称一部波澜壮阔的史诗。 党的十八大以来，新疆各族干部群众沿着习近平总书记指引的方向，完整准确全面贯彻新时代党的治疆 方略，牢牢扭住社会稳定和长治久安总目标，紧扣铸牢中华民族共同体意识工作主线，书写了一个又一 个跨越式发展的奇迹。新时代的新疆，团结和谐、繁荣富裕、文明进步、安居乐业、生态良好，展现出 一幅欣欣向荣、充满活力的美好画卷。 西部边疆日新月异 新疆，这片占陆地国土面积约六分之一的地区，历来长路难行。新中国成立之初，新疆的公路总里程仅 有3000多公里，且路况极差。曾在新疆交通运输厅工作近40年的退休干部黄维回忆："人们要出远门得 先坐驴车走土路，再坐汽车在戈壁上颠簸……" ...