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The Municipal Administration for Market Regulation has publicly solicited opinions on strengthening the management of raw materials for infant formula milk powder.
The State Administration for Market Regulation issued the "Notice on Further Strengthening the Management of Raw Materials for Infant Formula (Draft for Soliciting Opinions)", urging companies to further implement their main responsibilities to effectively ensure the quality and safety of infant formula. The draft requires infant formula production companies to continuously improve the management system for raw material procurement and acceptance; for those using dry processing technology, the raw materials should not only meet the corresponding food safety standards, but the microbiological indicators should also meet the requirements of infant formula product standards. For those producing infant formula using base powder, they should gradually shift to using base powder produced by companies qualified for infant formula production within two years from the date of announcement. The draft.
The continuous inversion of raw milk prices has not resolved the "ranch crisis". Should we continue to slaughter cows?
①In the past year, the industry has continued to 'kill cattle' to reduce overcapacity, but the situation of oversupply has not been reversed; ②The impact of oversupply of raw milk has been fully manifested in the financial reports of large-scale dairy farms and dairy enterprises; ③The current growth rate of raw milk production has further slowed down, and prices are expected to stabilize in the second quarter of 2025.
Mengniu (02319.HK) rose by 15%, mainland encourages local distribution of consumer vouchers to drive milk consumption.
Mainland China encourages local governments to stimulate milk consumption by issuing consumer vouchers. Mengniu Dairy (02319.HK) opened sharply higher this morning by 14.94% with a high of 20.1 yuan, breaking through the 250-day moving average resistance, filling the gap from the end of March's decline, currently reporting 18.8 yuan, up 17.06%, with a trading volume of 33.3618 million shares, involving 0.626 billion yuan. H&H International Holdings (01112.HK) opened 3.31% higher today with a high of 10.76 yuan. Currently at 10.3 yuan, up 3.31%, with a trading volume of 0.186 million shares, involving 1.9849 million yuan. Ministry of Agriculture and Rural Affairs and six other departments
Hong Kong stocks rose and then fell, the technology index closed slightly higher; the financial sector led the way all day, with ping an insurance and citic rising by nearly 4%.
Most of the network technology stocks rose, with Xiaomi Group-W down 3.30%, Kuaishou-W up 2.07%; digital health stocks rose one after another, Dingdang Health up 7.14%, PA Gooddoctor up 5.78%; building materials stocks performed well, CNBM rose 3.86%, cr bldg mat tec rose 3.23%.
HK stock unusual movement | H&H International Holdings (01112) rose more than 9% during the day, steady progress in deleveraging, expected annual decrease in financial expenses.
H&H International Holdings (01112) rose more than 9% during the trading session. As of the time of writing, it was up 6.19%, at 8.92 Hong Kong dollars, with a turnover of 5.6729 million Hong Kong dollars.
Interim Report 2024
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