10月9日，庄园牧场涨停，成交额2.54亿元，换手率13.97%，总市值21.24亿元。 异动分析 乳业+网红经济+宠物经济+生态农业+国企改革 1、兰州庄园牧场股份有限公司主要从事乳制品和含乳饮料的生产、加工、销售及奶牛养殖业务，产品 包括以荷斯坦牛奶为主要原料的巴氏杀菌乳、灭菌乳、调制乳、发酵乳、含乳饮料等各类液态乳制品， 分别主要拥有"庄园牧场"、"圣湖"、"东方多鲜庄园"三个乳品品牌。 2、2024年半年报：公司实施了一系列整合营销策略， 通过"天水—敦煌"旅游路线， 将新品与河西走廊 大 IP 结合， 借助河西走廊及天水热度， 促进市场拓展与终端销售。 线上开发甘肃特产店，推动低温 产品销售， 通过 KOL 视频与直播带货广泛推广。 线下拓展了天水、 兰州等城市主题驿站和旅游特产 渠道， 优化品牌自助机形象与传播， 提升品牌知名度。 依托甘肃文旅热度， 通过抖音、 小红书等平 台的 KOL 与大 V 传播， "老兰州"系列产品提高了品牌知名度和产品搜索量。 3、根据证券时报网2025年8月24日新闻：在传统乳业面临成本持续上涨与市场竞争白热化的双重压力 下，甘肃省农垦集团有限责任公司旗下上市公司兰州 ...

来源：新浪证券-红岸工作室 9月29日，庄园牧场涨1.47%，成交额4338.26万元，换手率2.66%，总市值18.85亿元。 异动分析 5、公司属于国有企业。公司的最终控制人为甘肃省人民政府国有资产监督管理委员会。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入43.73万，占比0.01%，行业排名6/27，该股当前无连续增减仓现象，主力趋势不明显； 所属行业主力净流入-1.58亿，连续3日被主力资金减仓。 区间今日近3日近5日近10日近20日主力净流入43.73万-175.02万-152.78万-1175.08万-1971.85万 主力持仓 乳业+网红经济+宠物经济+生态农业+国企改革 1、兰州庄园牧场股份有限公司主要从事乳制品和含乳饮料的生产、加工、销售及奶牛养殖业务，产品 包括以荷斯坦牛奶为主要原料的巴氏杀菌乳、灭菌乳、调制乳、发酵乳、含乳饮料等各类液态乳制品， 分别主要拥有"庄园牧场"、"圣湖"、"东方多鲜庄园"三个乳品品牌。 2、2024年半年报：公司实施了一系列整合营销策略， 通过"天水—敦煌"旅游路线， 将新品与河西走廊 大 IP ...

李子园近日发布公告称，终止全资子公司原本计划在云南投资的2亿元含乳饮料产线。官方对于项目终 止的解释为"土地规划、产业规划等有关客观因素"，但业内普遍认为与李子园的含乳饮料营收下滑、现 有产能未能充分利用有关。据了解，截至去年，李子园五座工厂的总产能为37.59万吨，实际利用产能 为24.88万吨，产能利用率仅为66%。2025年5月，李子园还宣布投资3.2亿元在宁夏新建包括全脂脱脂奶 粉在内的生产线。从含乳饮料到奶粉，李子园渴望开辟"第二增长曲线"，但奶粉市场的竞争十分激烈， 行业进入存量阶段，李子园要想突出重围难度不小。 叫停2亿元项目 此次李子园终止的产能项目自2022年开始筹划。2022年1月12日，李子园全资子公司云南李子园食品有 限公司与陆良县人民政府签署《投资合作协议》，拟在陆良工业园区青山片区云南李子园食品有限公司 北侧规划投资建设三条含乳饮料无菌灌装生产线，配套建设仓库等附属设施。项目总用地规模约89亩， 计划总投资约2亿元。而今年9月12日，云南李子园与陆良县人民政府签署《云南李子园含乳饮料（二 期）项目解除协议书》。 对于项目终止的原因，李子园方面在公告中解释称，"因土地规划、产业规划等 ...

近日，李子园发布公告称，终止全资子公司原本计划在云南投资的2亿元含乳饮料生产线。官方对于项目终止的解 释为"土地规划、产业规划等有关客观因素"，但业内普遍认为与含乳饮料营收下滑，现有产能未能充分利用有 关。截至2024年，李子园5个工厂总产能37.59万吨，而实际产能为24.88万吨，产能利用率仅为66%。今年5月，李 子园还宣布投资3.2亿元在宁夏新建包括全脂脱脂奶粉在内的生产线。从含乳饮料到奶粉，李子园渴望开辟"第二 增长曲线"，但奶粉市场的竞争十分激烈，行业进入存量阶段，李子园要想突出重围较有难度。 2亿元投资项目"踩刹车" 此次李子园终止的产能项目自2022年开始筹划。2022年1月12日，李子园全资子公司云南李子园食品有限公司与陆 良县人民政府签署了《投资合作协议》，拟在陆良工业园区青山片区云南李子园食品有限公司北侧规划投资建设3 条含乳饮料无菌灌装生产线，配套建设仓库等附属设施。项目总用地规模约89亩，计划总投资约为2亿元。 公告显示，9月12日，云南李子园与陆良县人民政府签署《云南李子园含乳饮料（二期）项目解除协议书》，双方 约定协议于2025年9月12日协商解除。 对于项目终止的原因，李子园在 ...

Core Points - The new national standard for sterilized milk in China, effective from September 16, prohibits the use of reconstituted milk as a raw material, mandating that only raw milk can be used for production [1][2]. Group 1: Definition and Types of Milk - Reconstituted milk is not a counterfeit product; it is a commonly used dairy ingredient that provides essential nutrients like protein and calcium [2]. - Raw milk must undergo heat treatment to eliminate harmful microorganisms before consumption [3]. - Pasteurized milk is made solely from raw cow (or sheep) milk and has a shorter shelf life, requiring refrigeration [3]. - Sterilized milk, commonly referred to as pure milk, is produced through ultra-high temperature sterilization [3]. - Modified milk contains at least 80% raw milk or reconstituted milk, along with other ingredients or additives [3]. - Fermented milk includes products like yogurt, while milk beverages are made from milk or dairy products mixed with water and other ingredients [3]. Group 2: Nutritional Considerations - Milk contains over 280 known nutrients, many of which are sensitive to heat, leading to some loss during the sterilization process [6]. - The order of preservation of active nutrients during heat treatment is as follows: fresh milk > high-temperature pasteurized milk > pure milk > modified milk [6]. Group 3: Consumer Guidance - The "Dietary Guidelines for Chinese Residents (2022)" recommend a daily intake of 300 to 500 milliliters of various dairy products [7]. - Fresh raw milk is highly nutritious and is recommended for children, the elderly, and those with weakened immune systems, with pasteurized milk being a preferred choice [7]. - Reconstituted milk is suitable for convenience and long-term storage but is not recommended as a primary source of milk [7]. - Individuals with specific nutritional needs may opt for fortified modified milk, while flavored modified milk should be avoided to prevent excessive sugar intake [7].

Core Viewpoint - The company, Lanzhou Zhuangyuan Pasture Co., Ltd., is actively expanding its market presence through innovative marketing strategies and product diversification, particularly in the dairy and pet food sectors, despite facing challenges in the traditional dairy industry [2][3]. Company Overview - Lanzhou Zhuangyuan Pasture Co., Ltd. primarily engages in the production, processing, and sales of dairy products and dairy beverages, with a product range that includes pasteurized milk, sterilized milk, and fermented milk [2][8]. - The company is a state-owned enterprise controlled by the Gansu Provincial Government's State-owned Assets Supervision and Administration Commission [4]. Financial Performance - For the first half of 2025, the company reported a revenue of 420 million yuan, a year-on-year decrease of 1.31%, while the net profit attributable to shareholders was a loss of 27.67 million yuan, an increase of 68.50% compared to the previous year [9]. - The company's market share in Gansu and Qinghai has reached 20%, establishing it as a leading player in the dairy product sector in these regions [3]. Marketing Strategies - The company has implemented a series of integrated marketing strategies, including leveraging tourism routes and online platforms to promote new products and enhance brand visibility [2]. - The launch of the pet food brand "Safiyy," featuring unique "milk beef" as a core ingredient, marks the company's entry into the pet food market, capitalizing on emerging opportunities [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 17.22% to 20,800, while the average circulating shares per person increased by 20.81% to 8,237 shares [9]. - The company has distributed a total of 64.69 million yuan in dividends since its A-share listing, with 12.20 million yuan distributed over the past three years [10].

Meeting Overview - The company will hold its second extraordinary general meeting of shareholders in 2025 on September 12, 2025, at 14:30 [1] - The meeting will be conducted through a combination of on-site and online voting [1] - The online voting will take place on the same day from 9:15 to 15:00 [1] Meeting Agenda - The meeting will start with the announcement of the attendance and qualification of shareholders [2] - The board secretary will read the meeting guidelines [2] - Election of monitors and counters for the meeting will be conducted [2] - Shareholders will have the right to speak, inquire, and vote during the meeting [2][3] Voting Procedures - Voting will be conducted through both on-site and online methods, with specific instructions for marking votes [3][4] - Invalid votes will be considered as abstentions [4] - The counting of votes will be overseen by appointed monitors and a witnessing lawyer [4][6] Proposals for Cash Management - The company proposes to use up to 820 million yuan of idle funds for cash management to enhance fund efficiency and reduce financial costs [4][5] - The investment will focus on high-security and high-liquidity financial products [5][6] - The cash management will be valid for 12 months from the date of approval at the meeting [5][6] Use of Idle Raised Funds - The company plans to use up to 380 million yuan of idle raised funds for cash management, ensuring it does not affect ongoing projects [7][8] - The funds will be sourced from the proceeds of convertible bonds issued to unspecified investors [8][9] - The cash management will also be valid for 12 months from the date of approval [11] Profit Distribution Proposal - The company proposes a cash dividend of 2.40 yuan per share, totaling approximately 95.67% of the net profit for the first half of 2025 [13][14] - The distribution will be based on the total share capital as of August 25, 2025, excluding shares held in the company's repurchase account [14] Governance Changes - The company intends to abolish the supervisory board and amend its articles of association, transferring the supervisory functions to the audit committee of the board [15][16] - The changes aim to enhance corporate governance and align with legal regulations [15][16]

Core Viewpoint - The company, Lanzhou Zhuangyuan Pasture Co., Ltd., is leveraging new marketing strategies and product diversification to navigate challenges in the traditional dairy industry and expand its market presence [2][3]. Company Overview - Lanzhou Zhuangyuan Pasture Co., Ltd. primarily engages in the production, processing, and sales of dairy products and dairy beverages, as well as dairy cattle farming. Its product range includes pasteurized milk, sterilized milk, and fermented dairy products under brands such as "Zhuangyuan Pasture," "Shenghu," and "Dongfang Duoxian Zhuangyuan" [2][8]. - The company was established on April 25, 2000, and went public on October 31, 2017. It is headquartered in Lanzhou, Gansu Province [8]. Financial Performance - For the first half of 2025, the company reported revenue of 420 million yuan, a year-on-year decrease of 1.31%. The net profit attributable to shareholders was -27.67 million yuan, an increase of 68.50% compared to the previous year [9]. - The company's main business revenue composition includes liquid milk and dairy products at 92.63%, livestock farming at 4.60%, and others at 2.77% [9]. Market Strategy - The company has implemented a series of integrated marketing strategies, including promoting new products through tourism routes and leveraging social media platforms for marketing. This approach aims to enhance brand awareness and drive sales [2][3]. - The company has also entered the pet food market with its brand "Safiyy," which features a unique "milk beef" ingredient, targeting new growth opportunities [3]. Market Position - Lanzhou Zhuangyuan Pasture has established itself as a leading dairy product company in Gansu and Qinghai, holding a market share of approximately 20% [3]. - The company is a state-owned enterprise, ultimately controlled by the Gansu Provincial Government's State-owned Assets Supervision and Administration Commission [4]. Shareholder Information - As of June 30, 2025, the number of shareholders was 20,800, a decrease of 17.22% from the previous period. The average circulating shares per person increased by 20.81% to 8,237 shares [9]. - The company has distributed a total of 64.69 million yuan in dividends since its A-share listing, with 12.19 million yuan distributed over the past three years [10].

Core Viewpoint - The company, Lanzhou Zhuangyuan Pasture Co., Ltd., is actively engaging in various marketing strategies and initiatives to enhance brand awareness and sales, while also contributing to rural revitalization efforts in line with national policies [2][3]. Company Overview - Lanzhou Zhuangyuan Pasture Co., Ltd. primarily engages in the production, processing, and sales of dairy products and dairy beverages, as well as dairy cattle farming. Its product range includes pasteurized milk, sterilized milk, and fermented milk, marketed under brands such as "Zhuangyuan Pasture," "Shenghu," and "Dongfang Duoxian Zhuangyuan" [2][3]. - The company is a state-owned enterprise, ultimately controlled by the Gansu Provincial Government's State-owned Assets Supervision and Administration Commission [4]. Financial Performance - For the first half of 2024, the company reported a revenue of 420 million yuan, a year-on-year decrease of 1.31%. The net profit attributable to shareholders was -27.67 million yuan, showing a year-on-year increase of 68.50% [9]. - The company has distributed a total of 64.69 million yuan in dividends since its A-share listing, with 12.20 million yuan distributed over the past three years [10]. Market Position and Strategy - The company has a market share of 20% in the dairy product sector in Gansu and Qinghai, positioning itself as a leading player in the region [3]. - The company has implemented a series of integrated marketing strategies, including collaborations with local tourism routes and online promotions through KOLs and live streaming to boost sales and brand visibility [2][3]. Shareholder Information - As of June 30, 2025, the number of shareholders was 20,800, a decrease of 17.22% from the previous period, with an average of 8,237 circulating shares per person, an increase of 20.81% [9].

李子园 20250827 摘要 李子园传统渠道受冲击，但零食量贩系统增长超 40%，特通渠道增长 20-30%，电商亦增长。公司调整渠道结构以应对市场变化，并积极拓 展新兴渠道。 公司推出维生素水新品，销售额约 2000 万元，主要在便利店和电商渠 道销售。计划明年拓展销售渠道，目标是将其培育成除含乳饮料外的第 二大单品。 原材料成本下降提升毛利率，但产能利用率偏低导致折旧成本增加，限 制了毛利率的提升幅度。公司通过锁定大包粉价格和自建喷粉厂控制未 来成本。 二代接班后，公司管理团队年轻化，销售团队也进行调整，50 岁以上业 务人员退居二线。产品战略上，继续以含乳饮料为主，同时拓展维生素 水等第二增长曲线。 7 月份销售额同比增长中个位数，毛利率同比增加 1.5 个百分点至 41.5%，净利润增长十多个百分点。预计下半年旺季销售收入将环比增 加。 Q&A 请简要介绍李子园公司 2025 年上半年的经营情况。 2025 年上半年，李子园公司的整体经营数据不太理想，营收出现了约 8%的下 滑。这主要受到市场大环境和消费复苏疲软的影响。此外，渠道碎片化对传统 流通渠道造成了较大冲击，如零食量贩、便利系统和电商的发展 ...