Core Points - The company is planning to import dairy products due to business expansion needs, which includes various types of dairy such as raw milk, pasteurized milk, and infant formula [1] - The import of dairy products is regulated by multiple laws and regulations in China, including the Food Safety Law and the Import and Export Food Safety Management Measures [1] Group 1: National Access - China implements access management for imported dairy products, with the General Administration of Customs evaluating the food safety management systems of exporting countries before granting access [2] Group 2: Company Qualifications - Foreign dairy producers must be registered through their local authorities and approved by the General Administration of Customs before exporting to China [3] - Exporters and agents must register with the General Administration of Customs to handle food import business [3] Group 3: Import Declaration - Importers must declare the import of dairy products truthfully to customs, providing necessary documents such as health certificates and proof of compliance with Chinese food safety standards [4] - For infant formula, a specific registration certificate is required, and organic products must have relevant certification [5] Group 4: Goods Release and Non-compliance Handling - Customs will release imported dairy products that pass inspection and issue a quarantine certificate, while non-compliant products will be handled according to regulations [6] Group 5: Other Requirements - Packaging must include the registration number of the producer in China or the approval number from the local authority [8] - Infant formula must have a shelf life of at least three months from the date of customs declaration, and large packages cannot be repackaged in China [8] - Labels for special dietary foods must be printed directly on the smallest retail packaging without additional stickers [8]

以下文章来源于那个NG ，作者阿珂可 那个NG . 用关注决定视界｜复杂世界的策展人 出品 | 虎嗅青年文化组 作者 | 阿珂可 编辑、题图 | 渣渣郡 本文首发于虎嗅年轻内容公众号"那個NG"（ID：huxiu4youth）。在这里，我们呈现当下年轻人的面 貌、故事和态度。 当职场人开始挑食，不乐意吃画的饼。于是便开始幻想总裁亲自喂我吃炼乳小馒头。 社畜们被廉价的香甜饲料蛊惑，欣喜异常。但什么都不会变的，第二天还得照常在工位上拉磨。 谁都知道，甜食终究是吃不饱的。 在职场主题的短视频里，没有最抽象，只有更抽象。 你大概已经刷到过这种视频：宽敞的包厢里，十几位中年男性围坐在桌边。他们西装革履，桌上的燕 翅鲍参像人一样油光水滑，在餐桌上循环旋转。 在各位成熟人士互相奉承，发出标准老钱风笑声时，服务员端上一盘领导特意给你点的炼乳小馒头。 他们突然全闭了嘴，都转头看向你。 想想就脚趾抠地。 像这种"领导在饭桌上给我点小孩菜"的叙事有个新的名字，叫娇牛马文学。 何为娇牛马？即是娇妻文学和牛马人格的混血产物，又称商务娇妻，也可简写为娇驴、嗲牛。 视频的主题往往只有一道菜，品种有且不限于炼乳小馒头/芒果绵绵冰/草莓大福等 ...

想想就脚趾抠地。 当职场人开始挑食，不乐意吃画的饼。于是便开始幻想总裁亲自喂我吃炼乳小馒头。 社畜们被廉价的香甜饲料蛊惑，欣喜异常。但什么都不会变的，第二天还得照常在工位上拉磨。 谁都知道，甜食终究是吃不饱的。 在职场主题的短视频里，没有最抽象，只有更抽象。 你大概已经刷到过这种视频：宽敞的包厢里，十几位中年男性围坐在桌边。他们西装革履，桌上的燕翅鲍参像人一样油光水滑，在餐桌上循环旋转。 在各位成熟人士互相奉承，发出标准老钱风笑声时，服务员端上一盘领导特意给你点的炼乳小馒头。 他们突然全闭了嘴，都转头看向你。 像这种"领导在饭桌上给我点小孩菜"的叙事有个新的名字，叫娇牛马文学。 何为娇牛马？即是娇妻文学和牛马人格的混血产物，又称商务娇妻，也可简写为娇驴、嗲牛。 视频的主题往往只有一道菜，品种有且不限于炼乳小馒头/芒果绵绵冰/草莓大福等甜蜜食物。 如果我说这都是在应酬时点的菜，你一定心情复杂：这在闹着玩呢吧？ 文案也透着一股甜腻的娇羞劲儿：跟着领导出来应酬，满满的商务菜里出现了一盘我点的xxx... 注意，这时候还必须故意强调领导问的一句——是谁点的小孩菜？ 短短几句话，就已经让人想象到当事人回答"是我"之后沾 ...

Core Insights - The dairy industry is experiencing a significant downturn in 2024, with 19 listed dairy companies in A-shares reporting a total revenue of 184.83 billion yuan, a year-on-year decrease of 7.44% [1] - The net profit attributable to shareholders dropped from 13.10 billion yuan to 9.58 billion yuan, with 13 companies reporting a decline in net profit [1] - Key factors suppressing the dairy industry include oversupply, weakened demand, and high inventory levels, leading to a continuous decline in fresh milk prices and intensified competition [1] Revenue and Profitability - 14 out of 19 dairy companies reported a decline in revenue, compared to only 6 the previous year [1] - The median net profit margin for listed dairy companies was only 1.98%, down 2.01 percentage points from the previous year [4] - The highest net profit margins were recorded by Sunshine Dairy (21.84%), Panda Dairy (13.32%), and Huirong Technology (10.18%) [4] Gross Margin Analysis - 12 companies experienced a decline in gross margin, with the most significant drops seen in Western Pastoral, Beingmate, and Zhuangyuan Pastoral [3] - The median gross margin for the 19 listed dairy companies was 25.31%, an increase of 2.18 percentage points from the previous year [2] - Seven companies saw an increase in gross margin, with the most notable improvements from Junyao Health, Huangshi Group, Panda Dairy, and Pinwa Food [2] Market Trends - The dairy industry index has seen a decline of over 50% from its peak in January 2021 to the low in September 2024, but there has been a noticeable increase since September 2024 [1] - The market anticipates that upstream destocking will lead to a bottoming out of raw milk prices, alongside policies promoting fertility to boost demand [1] Company-Specific Performance - Panda Dairy, a leader in the condensed milk segment, reported a revenue decline of 19.29% last year, with a further 8.27% drop in the first quarter of 2024, despite an increase in gross margin due to lower raw material costs [2] - Bright Dairy, a typical regional dairy company, has seen a decline in revenue since 2022, with a low gross margin of around 19%, significantly below that of Yili [5]

证券代码：300898 证券简称：熊猫乳品 熊猫乳品集团股份有限公司投资者关系活动记录表 编号：2025-002 | | □特定对象调研 | □分析师会议 | | --- | --- | --- | | | □媒体采访 | ☑业绩说明会 | | 投资者关系活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他 （请文字说明其他活动内容） | | | 形式 | ☐现场 网上 | ☐电话会议 | | 参与单位名称及人员姓名 | 线上参与2024年度及2025年一季度业绩说明会的投资者 | | | 时间 | 2025年4月30日 15:00-16:00 | | | 地点 | 同花顺路演平台 | | | 上市公司接待人员姓名 | 董事长、总经理 李锡安 董事会秘书 徐笑宇 | | | | 独立董事 唐善永 | | | 投资者关系活动主要内容介绍 | 见附件会议纪要 | | | 附件清单（如有） | 会议纪要 | | | 日期 | 2025年4月30日 | | 附件： Q1:公司炼乳方面业务的增长量主要来自于哪些方面? A:通过新增经销商、优化区域布局实现渠道下沉。加强研发研发创新 ...