Minsheng Securities released a research report on April 17 stating that it gave Tianrun Dairy (600419.SH) a recommended rating. The main reasons for the rating include: 1) the decline in milk prices affects the performance of the animal husbandry industry, and overseas expansion progresses steadily; 2) specialty stores continue to expand, and the milk self-sufficiency rate continues to rise; 3) the increase in expenses during the expansion period, and the merger of new farmers and disposal of cows affects the company's performance. (Mainichi Keizai Shimbun)