According to data from Tonghuashun iFind, as of August 5, a total of 8 listed dairy companies in the A share and H share markets disclosed their performance forecasts for the first half of 2026, and 1 published a quick performance report. Taken together, in the first half of the year, against the backdrop of continuing overall operating pressure in the domestic dairy industry, upstream raw milk companies took the lead in reaching a profit inflection point after experiencing deep adjustments, while the downstream processing side accelerated differentiation in stock competition.

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