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线上市场天润爱克林酸奶与蒙牛芝士酸奶定价相当
线上市场天润爱克林酸奶与蒙牛芝士酸奶定价相当
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2021年新疆乳业市场规模及天润乳业竞争优势分析报告（28页）.pdf
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图表34测算25年汉堡/披萨芝士市场规模52/33亿
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市场规模
2026-05-11
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常温奶酪产品不断推新（芝士时光系列）
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行业数据
2025-07-24
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日本本土特色与奶酪（芝士）的融合菜式
PHxvYnNlcnZhdGlvbnw+
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行业数据
2023-03-24
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切片芝士走入日本家庭
fCDlm77niYcgfCDliIfniYfoip3lo6votbDlhaXml6XmnKzlrrbluq0gfAp8IC0tLSB8IC0tLSB8Cnwg5pyd44Gu44OB44O844K6IHwgUElaWkEgVElNRSB8CnwgMTAgfCAxMCB8Cnwg6Zuq5Y2wIHwg6Zuq5Y2wIHwKCui1hOaWmeadpea6kO+8mumbquWNsOW5v+WRiu+8jOS/oei+vuivgeWIuOeglOWPkeS4reW/gw==
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行业数据
2022-05-09
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韩国其他大单品（儿童奶酪、奶酪小食品、芝士料理）发展逻辑复盘
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2021-08-13
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线上市场天润爱克林酸奶与蒙牛芝士酸奶定价相当
fCDlk4HniYwgICB8IOS6p+WTgeWQjeensCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwg5Lu35qC85Yy66Ze077yI5rS75Yqo5Lu377yJIHwg5Y6f5Lu35Yy66Ze0ICAgfCDkv4PplIDkv6Hmga8gICAgICAgfCDlj5HotKfml7bpl7QgICAgICAgICAgICAgICAgICAgICB8CnwtLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfAp8IOWkqea2piAgIHwgdGVydW7mlrDnloblpKnmtqbphbjlpbbmtZPnvKnpnZLmn6DlhrDmt4fmt4vljJbkuoblj5HphbXkubPkvY7muKnphbjniZvlpbYxODBnKjEy6KKLIHwgwqU1NSAtIDYwICAgICAgICAgICB8IMKlNzggICAgICAgIHwg5YWo5bqX5ruhOTnlh481ICAgIHwg5pyA5pma5LuY5qy+5ZCOMeaciDEx5pelMjTngrnliY3lj5HotKcgICB8Cnwg6JKZ54mbICAgfCDokpnniZvoip3lo6vpo47lkbPphbjniZvlpbbniLHlhYvmnpfoip3lo6vmlrDnvZHnuqLml6nppJDlpbbmtZPnvKnphbjlpbbljp/lkbMxODBnMTLooosgfCDCpTQ4IC0gNzIgICAgICAgICAgIHwgwqU2Oei1tyAgICAgIHwg5pegICAgICAgICAgICAgIHwg5pyA5pma5LuY5qy+5ZCOMeaciDI15pelMjTngrnliY3lj5HotKcgICB8CgrotYTmlpnmnaXmupDvvJrlpKnmtqblpKnnjKvml5foiLDlupfvvIzmsJHnlJ/or4HliLjnoJTnqbbpmaI=
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我国芝士市场被外资占据
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中国芝士市场被国外品牌占领（2019年）
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2020-08-01
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假设五年后伊利占我国芝士出厂规模10%
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2020-08-01
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中国芝士市场规模增速出现放缓
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2020-08-01
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中国进口芝士增长停滞
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2020-08-01
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中国芝士消费餐饮端占比超70%
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2020-08-01
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黄油、芝士市场增速按量价拆分
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2020-08-01
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疆外定价高于疆内，终端高溢价率回补高成本和低周转。新疆乳制品在疆外市场布局时间较晚，市场对新疆乳制品认知较少，导致周转率较慢。天润通过终端高溢价率来回补远距离运输成本及周转偏低带来的损失。天润乳业毛利率长期处于同业较低水平，在行业普遍验证高端化趋势下，天润进入高端化竞争，一方面将有效打开利润空间，另一方面树立高端化品牌形象，有利于未来产品推广。
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2021年新疆乳业市场规模及天润乳业竞争优势分析报告（28页）.pdf
加权资本成本计算过程中的关键假设
公司期间费用率预测
公司成本及毛利率预测
中国乳制品市场规模达4284亿元（2019年）
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