January 19, 2026, jun loboDairyGroup inc. (hereinafter referred to as “gun lok po”) formally submitted an application for listing on the main board to the hong kong joint exchange。
Financial performance: steady growth in income and continued improvement in profitability
From the financial information disclosed in the book of admissions, jun lobo achieved a high-quality development of both size and speed. The group's total income increased from rmb 17. 5 billion in 2023 to rmb 19. 8 billion in 2024 and to rmb 15. 1 billion in january-september 2025, maintaining a steady income growth pattern。
PassWhole chainIntegrated operations, the increase in the share of low-temperature liquid milk products and digitally driven improvements in operational efficiency continue to increase the profitability of companies. The adjusted net profits increased from rmb 600 million in 2023 to rmb 1. 16 billion in 2024 and rmb 940 million in january-september 2025. The adjusted net profit margin rose from 3. 4 per cent in 2023 to 5. 9 per cent in 2024 and further increased to 6. 2 per cent in the first nine months of 2025。
The national market is all over the place. Channel penetration has great potential
Currently, jun lobo's distribution network covers 31 provincial districts of the country, permeating some 2,200 districts, covering approximately 77 per cent of the total district area of the country and achieving rapid growth in the medium-sized high-consumption markets of china, south china and china. To further exploit market space, jun lobo has strengthened the layout of important markets in the north-west and south-west through the acquisition of regional brands such as “since bridge”. In addition, products such as “enjoy living” have successfully entered the markets of hong kong, china, macao, china, and will in the future use hong kong, australia as a bridgehead, gradually radiationing international markets such as south-east asia, thus laying a solid foundation for an internationalization strategy。
Jun lobo has established a nationwide marketing network that has succeeded in achieving cross-regional, multi-channel market penetration, maintaining long-term and stable cooperation with over 5,500 distributors. On the basis of this network, together with direct supply cooperation with national and regional chains, convenience stores, front-line electrical platforms, mother-and-child stores, chain-to-be shops and large enterprise clients, jun lok po's products cover about 400,000 low-temperature milk retail terminals and 70,000 formula powder retail terminals nationwide。
Focused low temperature milk track, model for growth
Thanks to improved consumer health awareness and technological innovations, and improved cold chain logistics infrastructure, low-temperature liquid milk (including fresh milk and low-temperature yogurt) has become the fastest growing segment of china's dairy market. Jun lobo has long maintained and successfully managed this trend, leading growth on the low-temperature track and becoming the core engine of group performance growth。
In the milk market, jun lobo, who was listed in 2019, has upgraded his technological innovation and product design with a strong peak in china's top milk market in 2024, with a high market share of 24. 0 per cent. Thanks to the excellence of the brand, jun lok po milk continues to grow at an industry-led rate。
In the low-temperature yogurt market, jun lobo's “simplified ol” brand has succeeded in creating and making large-scale sugar cane milk. It emerged from intense market competition and contributed to the rapid growth of the whole group of low-temperature yogurt。
It's the foundation of the whole industry
The core competitiveness of jun lobo is rooted in an integrated business model covering pastoralism, r & d and product innovation, production and distribution channels. As of 30 september 2025, jun lobo had 33 modern pastures and 20 dairy production plants, with a stock of 192,000 pasture cows. Group milk was given at 66 per cent in 2024。
R & d innovation is another driver of jun lobo development. On the basis of the core concept of “scientific nutrition”, jun lobo has established an industry-led research and development platform of the scientific nutrition institute, which works in depth with leading national and international scientific institutions and universities. Research and development covers the frontier areas of basic research and product innovation, analysis of breast milk composition, development of home-grown fungi, validation of clinical medical functions, product formulation and optimization of production processes. Jun lok po's baby formula powders and fermented fermented stylists have been assessed by the chinese society of food science and technology as the international leader. Deep research and development has built up the systematization capacity of jun lok po to sustain the success of the development of a single star such as “simplified ol” and “happy living”. At the same time, since its listing in 2014, the milk powder jun lobo has continued to meet the nutritional needs of chinese babies with safe and high-quality products。
Accurately seize industry opportunities and open new entry points for high-quality development
The chinese dairy market has great potential. In 2024, china's dairy market reached 653. 5 billion yuan, but the annual consumption of dairy products per capita was only 40. 5 kg, less than one third of the global average, which bodes well for long-term growth. Among them, the penetration of low-temperature liquid milk is expected to increase from 25. 3 per cent in 2024 to 31. 8 per cent in 2029, the main route of structural growth。
This trip to hong kong, where funds will be raised, will be used mainly for plant construction and capacity expansion, brand marketing and channel building, further development and innovation, intellectualization, etc., to contribute to the long-term sound development of guangbao and the continuous provision of “safe, good quality, nutrition, health” dairy products for consumers。
