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1. Since the beginning of this year, IPO activities in the A-share market have undergone a significant change. Both the number of newly listed companies and the amount of funds raised have decreased significantly compared with the same period last year.

Specifically, the number of newly added listed companies this year is 50, a decrease of 76.19% compared with last year; and the total amount of funds raised through IPO is 36.726 billion yuan, a year-on-year decrease of 85.01%.

Judging from the data from the first seven months of this year, both the number of listed companies and the amount of funds raised show that the IPO market is undergoing a period of tightening!

Second, the dairy industry has faced some challenges recently. The decline in milk prices has had a significant impact on the performance of dairy companies. However, the situation in the middle and upper reaches of the industry is gradually improving.

In the A-share and Hong Kong stock markets, dairy companies have begun to announce their performance forecasts for the first half of 2024. Although the number of companies that have announced their performance currently accounts for a small proportion of the entire industry, most dairy companies are already facing losses or declining net profits.

According to the performance forecasts that have been released, Tianrun Dairy, Manor Farm, Maiqiu'er and Ausia Group all suffered losses in the first half of this year. Although Royal Group has maintained profitability, its net profit is expected to decrease.