Ping An Securities research report points out that as raw milk prices continue to fall, the dairy product industry has entered a phase of high-quality growth. As raw milk prices continue to fall, cost pressures will continue to ease; as industry competition slows down, enterprise expenditure is expected to continue to become more rational, supporting the continuous improvement of industry profitability. Cost, expenses, and top-tier dairy enterprises will enter a high-quality growth phase. Bullish on the valuation repair of national dairy companies, as well as the improvement of regional dairy companies' profitability. We recommend paying attention to Inner Mongolia Yili Industrial Group and New Hope Dairy, among others.
平安证券：原奶价格持续下行 乳制品行业进入高质量增长阶段
Ping An Securities: Raw milk prices continue to decline, and the dairy product industry has entered a phase of high-quality growth.
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