港股研究丨公司深度丨现代牧业（1117.HK） [Table_Title] 现代牧业深度报告：现代智牧，奶业长青 %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 现代牧业是规模化养殖先行者，数智化转型叠加精细化运营驱动降本增效韧性凸显。现代牧业 作为中国规模化原料奶生产及全产业链运营的龙头企业，其发展历程与战略布局深度锚定乳业 核心环节。原奶供需缺口收紧趋势较为清晰，随着行业去产能的推进和原奶价格的触底回升， 公司有望在 2025 年下半年迎来盈利改善。 分析师及联系人 [Table_Author] 董思远 徐爽 SAC：S0490517070016 SAC：S0490520030001 SFC：BQK487 请阅读最后评级说明和重要声明 2/21 %% %% %% %% research.95579.com 2 现代牧业（1117.HK） cjzqdt11111 [Table_Title2] 现代牧业深度报告：现代智牧，奶业长青 [Table_Summary2] 规模先行者，数智化转型筑就穿越周期的经营韧性 现代牧业是规模化养殖先 ...

Core Viewpoint - The news highlights the evaluation process and results of the 2024 Science and Technology Innovation Achievements in Rizhao City, emphasizing the importance of innovation in driving economic and social development [1][3]. Evaluation Criteria - The evaluation is based on the "Rizhao City Science and Technology Innovation Achievement Evaluation Method" established by the municipal government in 2022, aimed at encouraging outstanding contributions in technological innovation [3]. Evaluation Process - The evaluation process consists of six stages: achievement nomination, formal review, expert evaluation, collective research by the Science and Technology Bureau, committee review, and government meeting research. A total of 149 innovation achievements were nominated, with 137 passing the formal review [4]. - Expert evaluation involved 35 industry experts divided into seven groups, assessing the achievements based on innovation, practicality, and economic and social benefits. The results were publicly announced for 15 days without objections [4]. Evaluation Results - The total number of evaluated achievements is capped at 80 annually, with 10 first-class, 20 second-class, and 50 third-class achievements for 2024. The list includes 10 first-class achievements, 20 second-class achievements, and 50 third-class achievements [5]. - Among the first-class achievements, there are 5 in the industrial sector and 1 in agriculture, with significant contributions to patents, publications, and industry standards. The total sales revenue from new products over the past three years reached 1 billion yuan [6]. - The second and third-class achievements cover various sectors, including industrial development, agricultural technology, and healthcare, demonstrating strong market competitiveness and positive economic, social, and ecological impacts [7]. Future Directions - The Science and Technology Bureau plans to optimize the evaluation process, focusing on key industries and enhancing the nomination, review, supervision, and incentive mechanisms to promote significant technological achievements that contribute to local development [7].