"这次修订，是对我国乳制品品质的一次重要提升，也是推动奶业高质量发展的具体措施。"王加启说， 这一做法也与国际惯例接轨，目前多数发达国家和国际组织均要求灭菌乳仅以生乳为原料。 "只用生乳，加工成本会不会增加？"这是许多人关心的问题。王加启表示，从监测情况看，2020年至 今，我国生乳平均收购价格与进口大包奶粉到岸完税价格差距已很小，甚至持平，直接用生乳加工对企 业原料成本和终端产品价格不会有大的影响。 更重要的是，该举措为国内奶牛养殖业注入了一针强心剂。过去，部分企业出于成本考虑，大量使用进 口奶粉加工复原乳，挤占了国内生鲜乳的市场空间，影响了奶农的收益与积极性。中国社会科学院研究 员刘长全表示，灭菌乳国标的修订与实施将增加乳企对生乳的需求，促进企业与奶农建立更紧密的利益 联结，有助于保障奶农收入、稳定奶价，同时引导行业重视奶源基地建设，促进产业健康发展。 在国家政策的支持下，我国奶业综合保障能力显著增强。2024年，我国奶类产量达4155.5万吨，居世界 第四。国家奶牛产业技术体系首席科学家李胜利表示，如果说过去选择复原乳，是特定历史条件下应对 奶源短缺的无奈之举，现在修订标准则是顺应消费升级、引导奶业高质 ...

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 ...

10月9日，庄园牧场涨10.03%，截至发稿，报10.86元/股，成交3503.62万元，换手率2.03%，总市值 21.24亿元。庄园牧场股价已经连续3天上涨，区间累计涨幅5.34%。 资料显示，兰州庄园牧场股份有限公司位于甘肃省兰州市城关区雁园路601号甘肃省商会大厦B座25-26 层，成立日期2000年4月25日，上市日期2017年10月31日，公司主营业务涉及乳制品和含乳饮料的生 产、加工、销售及奶牛养殖业务。主营业务收入构成为：灭菌乳37.04%，发酵乳24.37%，调制乳 22.21%，巴氏杀菌乳8.20%，生鲜乳4.60%，其他2.77%，含乳饮料0.81%。 从庄园牧场十大流通股东角度 诺安多策略混合A（320016）基金经理为孔宪政、王海畅。 截至发稿，孔宪政累计任职时间4年318天，现任基金资产总规模46.07亿元，任职期间最佳基金回报 74.86%， 任职期间最差基金回报-16.74%。 王海畅累计任职时间3年80天，现任基金资产总规模25.29亿元，任职期间最佳基金回报62.55%， 任职 期间最差基金回报-18.8%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何 ...

来源：新浪证券-红岸工作室 10月9日，庄园牧场盘中上涨2.43%，截至10:04，报10.11元/股，成交2507.11万元，换手率1.48%，总市 值19.77亿元。 资金流向方面，主力资金净流出61.70万元，大单买入82.89万元，占比3.31%，卖出144.59万元，占比 5.77%。 资料显示，兰州庄园牧场股份有限公司位于甘肃省兰州市城关区雁园路601号甘肃省商会大厦B座25-26 层，成立日期2000年4月25日，上市日期2017年10月31日，公司主营业务涉及乳制品和含乳饮料的生 产、加工、销售及奶牛养殖业务。主营业务收入构成为：灭菌乳37.04%，发酵乳24.37%，调制乳 22.21%，巴氏杀菌乳8.20%，生鲜乳4.60%，其他2.77%，含乳饮料0.81%。 庄园牧场所属申万行业为：食品饮料-饮料乳品-乳品。所属概念板块包括：甘肃国资、微盘股、生物安 全、小盘、国产乳业等。 截至6月30日，庄园牧场股东户数2.08万，较上期减少17.22%；人均流通股8237股，较上期增加 20.81%。2025年1月-6月，庄园牧场实现营业收入4.20亿元，同比减少1.31%；归母净利润-2766. ...

9月30日，庄园牧场盘中上涨2.07%，截至14:27，报9.84元/股，成交3678.97万元，换手率2.22%，总市 值19.24亿元。 资金流向方面，主力资金净流入110.72万元，大单买入260.59万元，占比7.08%，卖出149.86万元，占比 4.07%。 庄园牧场今年以来股价涨30.68%，近5个交易日涨6.49%，近20日涨0.10%，近60日涨2.71%。 庄园牧场所属申万行业为：食品饮料-饮料乳品-乳品。所属概念板块包括：甘肃国资、微盘股、生物安 全、小盘、国产乳业等。 截至6月30日，庄园牧场股东户数2.08万，较上期减少17.22%；人均流通股8237股，较上期增加 20.81%。2025年1月-6月，庄园牧场实现营业收入4.20亿元，同比减少1.31%；归母净利润-2766.98万 元，同比增长68.50%。 分红方面，庄园牧场A股上市后累计派现6469.32万元。近三年，累计派现1219.53万元。 机构持仓方面，截止2025年6月30日，庄园牧场十大流通股东中，诺安多策略混合A（320016）位居第 五大流通股东，持股109.96万股，为新进股东。 责任编辑：小浪快报 今年以来 ...

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 ...

Company Overview - Zhuangyuan Pastoral is located in Lanzhou, Gansu Province, and was established on April 25, 2000, with its listing date on October 31, 2017 [2] - The company specializes in the production, processing, and sales of dairy products and dairy beverages, as well as dairy cattle breeding [2] - Main business revenue composition includes: sterilized milk 37.04%, fermented milk 24.37%, formulated milk 22.21%, pasteurized milk 8.20%, fresh milk 4.60%, others 2.77%, and dairy beverages 0.81% [2] Stock Performance - As of September 26, the stock price of Zhuangyuan Pastoral increased by 2.24%, reaching 9.58 CNY per share, with a total market value of 1.873 billion CNY [1] - Year-to-date, the stock price has risen by 27.22%, with a 0.42% increase over the last five trading days, a 1.34% decrease over the last 20 days, and a 0.74% increase over the last 60 days [1] Financial Performance - For the first half of 2025, Zhuangyuan Pastoral reported operating revenue of 420 million CNY, a year-on-year decrease of 1.31%, and a net profit attributable to shareholders of -27.67 million CNY, a year-on-year increase of 68.50% [2] - Cumulative cash dividends since the A-share listing amount to 64.69 million CNY, with 12.20 million CNY distributed over the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders is 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% [2] - Among the top ten circulating shareholders, Nuoan Multi-Strategy Mixed A (320016) is the fifth largest, holding 1.0996 million shares as a new shareholder [3] Market Activity - Zhuangyuan Pastoral has appeared on the stock market's "Dragon and Tiger List" seven times this year, with the most recent appearance on April 25 [2]

Core Viewpoint - The stock price of Zhuangyuan Pastoral has been declining for four consecutive days, with a total drop of 7.76% during this period, indicating potential concerns regarding the company's performance and market sentiment [1]. Company Overview - Zhuangyuan Pastoral, established on April 25, 2000, and listed on October 31, 2017, is located in Lanzhou, Gansu Province. The company specializes in the production, processing, and sales of dairy products and dairy beverages, as well as dairy cattle breeding [1]. - The revenue composition of Zhuangyuan Pastoral includes: sterilized milk (37.04%), fermented milk (24.37%), formulated milk (22.21%), pasteurized milk (8.20%), fresh milk (4.60%), other products (2.77%), and dairy beverages (0.81%) [1]. Shareholder Analysis - Noan Fund's Noan Multi-Strategy Mixed A (320016) has entered the top ten circulating shareholders of Zhuangyuan Pastoral, holding 1.0996 million shares, which accounts for 0.64% of the circulating shares. The fund has incurred a floating loss of approximately 296,900 yuan today and a total floating loss of 857,700 yuan over the four-day decline [2]. - Noan Multi-Strategy Mixed A was established on August 9, 2011, with a current scale of 1.399 billion yuan. Year-to-date returns are 58.29%, ranking 568 out of 8,244 in its category, while the one-year return is 115.6%, ranking 325 out of 8,066 [2]. - The fund managers, Kong Xianzheng and Wang Haichang, have tenures of 4 years and 3 years respectively, with varying performance metrics during their management periods [2].

根据国家卫生健康委、市场监管总局联合发布的《食品安全国家标准灭菌乳》第1号修改单，9月16日起，我国生产灭菌乳只能以100%生乳为原料，不再 允许使用复原乳；使用复原乳生产的乳品不得标注"纯牛（羊）奶"或"纯牛（羊）乳"。 新国标落地数天，记者走访了北京华联、大润发、银座等大型连锁商超，并采访了济南佳宝乳业、泰安亚奥特乳业等山东省乳品生产企业，未发现含复原 乳成分的灭菌乳。 明令禁止添加 复原乳是"垃圾奶"？ "这次新国标修订仅针对灭菌乳，也就是人们常见的常温纯牛奶（下称'纯牛奶'）。"日前，济南市市场监管局食品流通处工作人员武可昕与两位同事一 起，对市中区领秀城负一层的北京华联生活超市的乳制品进行例行查验。 "新国标要求9月16日起不得再生产，但对销售环节没有作要求。所以，9月15日及之前生产灭菌乳添加复原乳并不算违规。等到这些奶的保质期一过，市 面上不受新规约束的灭菌乳就会被自然地'代谢'掉。" 他指着成堆陈列的盒装纯牛奶对记者说，"如果消费者想自查，一看产品名是不是带有'纯'字，二看生产日期，三看配料表是否只有生牛（羊）乳。" 以伊利推出的两款乳品为例，左边"纯牛奶"产品种类为"全脂灭菌纯牛乳"，带有" ...

Core Viewpoint - The recent regulation banning the use of reconstituted milk in pure milk production aims to enhance the quality of liquid dairy products in China and promote the consumption of fresh milk [4][6][7]. Group 1: Regulation Details - The new food safety standard, effective from September 16, prohibits the use of reconstituted milk in the production of sterilized milk, which includes pure cow and goat milk [4][6]. - Reconstituted milk, made by mixing dried dairy products with water, can no longer be labeled as "pure milk" and will be classified as blended milk [4][6]. - The regulation aligns with the 2024 Central Document No. 1, which emphasizes improving liquid milk standards and promoting fresh milk consumption [6][7]. Group 2: Industry Impact - The ban is expected to enhance the quality of sterilized milk, as it will now only be produced from fresh milk, meeting consumer demand for high-quality dairy products [6][7]. - The domestic fresh milk quality has significantly improved, with a 99.9% pass rate in inspections over the past 16 years, and major nutritional indicators reaching world-class levels [6][7]. - Major dairy companies like Yili and Mengniu have already transitioned to using fresh milk, indicating minimal impact on their operations due to the new regulation [14]. Group 3: Product Classification - Liquid milk in China is categorized into four main types: pasteurized milk, sterilized milk, blended milk, and fermented milk, with the new regulation affecting only pasteurized and sterilized milk [9][10]. - Blended milk and fermented milk are still allowed to use reconstituted milk, with specific labeling requirements [9][10]. - The market for blended milk remains diverse, with products like chocolate milk and breakfast milk still containing reconstituted milk [9][10]. Group 4: Nutritional Considerations - Concerns about the nutritional value of reconstituted milk have been addressed, indicating that while fresh milk has some advantages, reconstituted milk is not necessarily inferior [15][16]. - The nutritional loss during the heating process of reconstituted milk is less significant than commonly perceived, and it still provides essential proteins and calcium [16][17]. - The convenience and longer shelf life of reconstituted milk make it a viable option in areas where fresh milk cannot be easily stored [17].