本报1月23日讯 （记者 马芳）1月20日至22日，全国总工会慰问组深入内蒙古呼和浩特市、通辽市11家 企事业单位，看望慰问劳模工匠、一线职工和新就业形态劳动者，将党和政府的关怀、工会组织的温暖 送到职工身边。 （来源：内蒙古日报） 转自：内蒙古日报 在内蒙古工业大学建筑馆，慰问组与张鹏举院士促膝长谈，详细询问其工作科研进展与生活情况，对他 为建筑领域发展作出的突出贡献表示敬意。在内蒙古重竞技运动管理中心拳击队，看望慰问奥运冠军李 倩及教练哈达巴特尔，勉励运动员们刻苦训练、再创佳绩，为国家和自治区争光。在通辽市第五中学， 慰问全国先进工作者徐吉明，肯定其在教育教学岗位上的坚守与奉献，勉励劳模等先进人物大力弘扬劳 模精神、劳动精神、工匠精神，引领带动更多教职工为推动自治区教育事业高质量发展贡献智慧和力 量。在看望生活困难职工时，慰问组鼓励他们树立信心，争取早日走出困境，让日子越过越好。 在呼和浩特市赛罕区如意南路饕界美食街工会驿站、伊顺物流公司，慰问组实地察看职工服务阵地建 设、设备设施配备情况，详细了解日常服务开展情况，为新就业形态劳动者送上新年祝福和温暖礼包， 要求持续做好工会服务阵地管理工作，为广大新就业 ...

Core Viewpoint - Danone has announced a targeted recall of a limited number of infant formula batches in specific markets due to adjustments in regulatory guidance from food safety authorities in various countries [1][2] Group 1: Company Actions - Danone is implementing a recall of specific batches of infant formula products in response to the current overall situation in the infant formula industry [1] - The company has previously taken measures to withdraw or suspend sales of certain infant formula batches in individual markets based on local regulatory requirements [2] Group 2: Industry Context - The recall comes amid heightened scrutiny and reports of recalls across multiple European countries, affecting several international dairy companies due to risks associated with bacterial toxins [2] - Regulatory agencies and consumers are increasingly concerned about the safety of infant formula products following these recent developments [2]

Summary of Yuran Dairy's Conference Call Company Overview - **Company**: Yuran Dairy (悠然牧业) - **Industry**: Dairy Farming Key Points Fundraising and Financial Strategy - Yuran Dairy raised approximately HKD 2 billion through a two-phase placement to attract long-term overseas institutional investors and ensure quick capital availability for strategic goals [2][4][6][7] - Half of the raised funds will be used to repay high-interest USD debt, expected to save around CNY 100 million in financing costs in 2026 [2][4][8] - The company aims to maintain cash reserves to seize future opportunities as the industry recovers [2][4] Operational Efficiency and Cost Control - Yuran Dairy is enhancing operational efficiency through digital transformation of large-scale, intensive farms, with new farms equipped with digital technology from the outset [2][10] - Feed costs decreased to CNY 1.9 per kg in H1 2025 and further to CNY 1.66-1.71 per kg in H2 2025, with a potential 2%-3% decrease in 2026 [2][11] - The company employs large-scale procurement and improved feed conversion rates to control costs effectively [2][11] Production and Capacity Plans - Yuran Dairy operates 100 farms nationwide and plans to focus on achieving full capacity and improving core herd quality over the next 2-3 years, with no new farm construction planned [2][14] - The company anticipates a high single-digit growth in fresh milk production, maintaining a stable total herd size while increasing the proportion of breeding cows [2][14] Market Position and Pricing - The average milk price for Yuran Dairy in H1 2025 was CNY 3.87 per kg, higher than the main production area average of CNY 3.08 per kg, attributed to premium fresh milk offerings [4][29] - The company expects the premium pricing gap to narrow in the future, with 72% of premium fresh milk prices adjusting based on base price fluctuations [4][29] Industry Dynamics - The dairy industry is experiencing a reduction in cow inventory, impacting supply dynamics, while Yuran Dairy's operational strategies are designed to mitigate risks associated with price volatility [2][21][27] - The company is exploring the potential for beef cattle operations as a supplementary growth avenue, leveraging existing resources for efficiency [2][19][20] Future Outlook - Yuran Dairy's long-term strategy includes maintaining a balanced approach to herd management and production efficiency, with a focus on core breeding strategies to enhance overall productivity [2][18][34] - The company is positioned to adapt to market changes and capitalize on opportunities as the dairy sector evolves, with a cautious outlook on pricing trends influenced by macroeconomic factors [2][22][23][32] Additional Insights - The company is not currently planning new farm constructions but is open to acquiring existing farms that complement its operational strategy [2][15] - Yuran Dairy's operational decisions are informed by real-time market conditions, ensuring a responsive approach to industry challenges [2][16][21]

Core Viewpoint - The high-end fresh milk brand Daily Fresh Language has appointed young actor and singer Xiao Zhan as its new brand ambassador, aiming to embody the brand's spirit of continuous improvement and pursuit of higher quality [1] Group 1: Brand Strategy - Daily Fresh Language has established a dual ambassador strategy with actors Tang Wei and Xiao Zhan to promote its theme of "New Year, New Benchmark, Starting Towards Higher" [1] - The brand's mission is to provide Chinese consumers with the highest quality fresh milk, positioning itself as a "new benchmark for high-end fresh milk" [1] Group 2: Product Launch - The newly launched product, Fresh Language · Cloud Organic A2 Fresh Milk, reflects the brand's commitment to high-quality standards, sourced from organic pastures at altitudes above 1,000 meters [2] - The product features 100% A2β casein protein with a protein content of 4.0 grams per 100ml, ensuring better absorption by the human body [2] - The entire production process is certified by Zhonglv Huaxia, ensuring 100% traceability from pasture selection to cow feeding, supported by over 360 quality control measures [2] Group 3: Marketing and Consumer Engagement - A new TV commercial and creative blessing video featuring Xiao Zhan has been released, showcasing the interaction with natural elements in a high-altitude pasture [2] - Daily Fresh Language has introduced a limited edition New Year bottle design that reveals warm blessings as the product is consumed, enhancing the drinking experience [3] - The brand has launched an interactive "物码" New Year campaign, allowing consumers to scan a QR code for instant rewards and to create a personalized electronic family photo [3] Group 4: Quality Assurance - The brand's commitment to excellence is supported by its "Full Chain and Full Dimension Seven Benchmark" system, which ensures high standards from pasture to table [3] - This system encompasses seven dimensions: pasture, milk source, speed, technology, nutrition, taste, and responsibility (ESG), ensuring that every bottle meets benchmark quality [3]

Core Viewpoint - Shanghai Miaokelan Duo Food Technology Co., Ltd. (referred to as "Miaokelan Duo") expects its B-end business to exceed expectations by 2025, with mozzarella cheese becoming a key growth driver [1] Group 1: Business Development - The application scenarios for mozzarella cheese have expanded from traditional pizza to diverse fields such as salads, snacks, baking, and Chinese cuisine [1] - The company will focus on two main directions: upgrading original production and deepening domestic production [1] Group 2: Production Capacity and Market Opportunities - Miaokelan Duo will leverage the production capacity synergy from its factories in Changchun and Jinshan, along with the Mengniu Milk Cube project [1] - The EU anti-subsidy policy presents a replacement opportunity, which will further increase the penetration rate of domestic mozzarella cheese in catering processing and home consumption scenarios, thereby consolidating its category advantage [1]

Core Viewpoint - Lactalis is recalling multiple batches of Picot brand infant formula in 18 countries, including China, due to potential contamination with Bacillus cereus toxin, although no import records of the affected products have been found in China [2]. Group 1: Company Actions - Lactalis has announced a recall of Picot brand infant formula based on warnings from the French Association of Pediatric Nutrition, indicating a precautionary measure following further testing that revealed potential toxins [2]. - The recall affects multiple countries and regions, highlighting the company's commitment to consumer safety [2]. Group 2: Industry Context - The recall comes amid heightened scrutiny of food safety standards in the dairy industry, particularly concerning infant nutrition products [2]. - Lactalis operates under several well-known brands, including Président, Galbani, and Pauls, offering a wide range of dairy products such as cheese, liquid milk, butter, and powdered milk [2].

Core Viewpoint - Bai Fei Dairy Industry has decided to withdraw its application for the initial public offering (IPO) of its A-shares on the Shanghai Stock Exchange, considering its strategic development plan and after careful analysis with intermediary institutions [1][2][3] Company Overview - Bai Fei Dairy Industry, established in 2017, is a subsidiary of Guangxi Bai Fei Investment Co., Ltd. and is located in Ling Shan County, Guangxi, known as the "hometown of water buffalo milk in China" [1] - The company is engaged in the research, production, and sales of dairy products, including sterilized milk, modified milk, dairy beverages, fermented milk, and pasteurized milk, primarily using water buffalo and Holstein cow milk as raw materials [1] Financial Performance - The revenue projections for Bai Fei Dairy Industry from 2022 to 2024 are as follows: 2022 revenue of 781 million yuan, 2023 revenue of 1.075 billion yuan, and 2024 revenue of 1.423 billion yuan [1] - The net profit attributable to the parent company for the same period is projected to be 115 million yuan in 2022, 226 million yuan in 2023, and 300 million yuan in 2024 [1] IPO Process - On May 12, 2025, Bai Fei Dairy signed a listing guidance agreement with Guorong Securities and changed its listing guidance from the Beijing Stock Exchange to the Shanghai Stock Exchange [1] - The company submitted its application for public offering and listing on the Shanghai Stock Exchange on June 6, 2025, after passing the guidance acceptance by the Guangxi Regulatory Bureau [1] - The IPO plan included issuing no more than 55.17 million shares, aiming to raise a total of 497 million yuan for projects related to smart water buffalo farms and marketing network construction [2] Withdrawal of IPO Application - On January 19, 2026, Bai Fei Dairy's board of directors approved the proposal to withdraw the IPO application, with independent directors expressing their agreement [2] - Following the withdrawal announcement, Bai Fei Dairy's stock has been suspended from trading since June 9, 2025, and will remain suspended until further notice [3]

Core Viewpoint - Sanyuan Foods has launched a new strategic product, "Sanyuan Beijing Yogurt," which emphasizes natural ingredients and transparency in its ingredient list [1][4]. Group 1: Product Features - Sanyuan Beijing Yogurt is the first yogurt product to fully disclose its ingredient list, containing only fresh milk, lactic acid bacteria, and natural fruits [3][6]. - The yogurt is sourced from self-owned high-quality milk from GAP-certified farms located at 40° North latitude [3][6]. - The product uses selected native strains of bacteria, such as the Bulgarian strain of Lactobacillus delbrueckii, and only natural fruits for flavoring, preserving the natural aroma and nutritional components like vitamins and dietary fiber [3][6]. Group 2: Nutritional Information - The plain version of Sanyuan Beijing Yogurt contains no less than 5.2g of native milk protein per cup, while the fruit-flavored version contains no less than 4.6g of native milk protein per cup [3][6]. - A cup of Sanyuan Beijing Yogurt has fewer calories than an apple [3][6]. Group 3: Certifications - Sanyuan Beijing Yogurt has received dual endorsements: the "Clean Label Product Level 0" from the China Quality Certification Center (CQC) and the "Natural Ingredient Food" certification from the China Light Industry Testing Institute (SIC) [3][6]. - The "Clean Label Product Level 0" certification indicates that the product contains no flavorings, colorings, or preservatives, and that there is no risk of additives being introduced during production [3][6]. - The "Natural Ingredient Food" certification focuses on the natural quality of ingredients, covering the entire process from raw material sourcing to production and component testing [3][6].

Core Viewpoint - The recent large-scale recall of infant formula by Lactalis, following a similar action by Nestlé, has raised significant concerns for domestic suppliers, particularly for the largest ARA supplier in China, Jia Bi You, which is now under scrutiny due to potential links to these safety incidents [1][3]. Group 1: Recall Events - Lactalis announced a recall of multiple batches of infant formula in 18 countries due to potential contamination with Bacillus cereus toxins, which can cause diarrhea and vomiting [1]. - Nestlé previously recalled a batch of infant formula in several European countries due to quality issues with an ARA oil ingredient supplied by a vendor [1]. Group 2: Impact on Jia Bi You - Jia Bi You has received attention as a key ARA supplier for major infant formula brands, including Nestlé, and has been urged by the Shanghai Stock Exchange to fulfill its information disclosure obligations in light of the recalls [1][3]. - The company reported a revenue of 560 million yuan in 2024, with over 70% of this revenue coming from its ARA business, highlighting its critical role in the company's operations [3]. Group 3: International Expansion and Financial Outlook - Jia Bi You is in a crucial phase of international expansion, with overseas revenue reaching 210 million yuan in 2024, accounting for 38% of total revenue and showing a year-on-year growth of 26.39% [3]. - The gross profit margin for international business exceeds 51%, indicating a growing profitability advantage in its international operations [3]. Group 4: Future Challenges - The outcome of the product testing will be a pivotal moment for Jia Bi You's short-term development; a favorable result could help the company return to normal operations, while any issues could lead to significant challenges in rectifying trust and compliance [3][4]. - Analysts predict that the current crisis may lead to a temporary cessation of product use by both domestic and international companies, posing immediate financial risks, including potential declines in stock price and performance [4].

Core Viewpoint - Junlebao Dairy Group has submitted its application for a mainboard listing on the Hong Kong Stock Exchange, highlighting its strong market position and comprehensive competitive edge in the dairy industry after 30 years of operation [1] Financial Performance - Junlebao's total revenue is projected to grow from RMB 17.5 billion in 2023 to RMB 19.8 billion in 2024, with RMB 15.1 billion achieved in the first nine months of 2025, indicating steady revenue growth [3] - Adjusted net profit is expected to rise from RMB 600 million in 2023 to RMB 1.16 billion in 2024, reaching RMB 940 million in the first nine months of 2025, with adjusted net profit margin increasing from 3.4% in 2023 to 5.9% in 2024 and further to 6.2% in 2025 [3] Market Coverage and Distribution - Junlebao's sales network spans all 31 provincial-level administrative regions in China, penetrating approximately 2,200 districts and counties, covering about 77% of the total county-level administrative regions [4] - The company has established partnerships with over 5,500 distributors and has products available at around 400,000 retail endpoints for low-temperature liquid milk and 70,000 for formula milk [4] Focus on Low-Temperature Liquid Milk - The low-temperature liquid milk segment, including fresh milk and low-temperature yogurt, is the fastest-growing area in China's dairy market, driven by rising health awareness and improved logistics [5] - Junlebao's "Yuexianhuo" brand has achieved a 24.0% market share in the high-end fresh milk market, while the "Jianchun" brand has become the leading brand in the low-temperature yogurt category [6] Integrated Operations and Innovation - Junlebao operates 33 modern owned farms and 20 dairy production facilities, with a dairy cow inventory of 192,000, leading to a self-sufficiency rate of 66% for milk sources [7] - The company has established a leading "Scientific Nutrition Research Institute" for R&D, collaborating with top research institutions and universities to innovate in product development and safety [7] Industry Opportunities and Future Plans - The Chinese dairy market is projected to reach RMB 653.5 billion in 2024, with significant growth potential as per capita consumption remains below the global average [8] - Junlebao plans to use funds from its Hong Kong listing to enhance factory upgrades, channel expansion, R&D innovation, and digital transformation, solidifying its competitive advantage in the industry [8]