China Feihe Limited is a leading investment holding company engaged in the production and sale of dairy products, raw milk, and nutritional supplements primarily in China. The company offers a comprehensive portfolio of products including infant milk formula tailored for different developmental stages, adult milk powder, liquid milk, rice powder supplements, organic dairy products, and other nutritional offerings such as vitamins, minerals, and herbs; it operates through segments focused on raw milk production and dairy/nutritional supplements manufacturing. Founded in 1962 and headquartered in Beijing with key operations in Qiqihar, China, China Feihe distributes its products domestically through retailers, e-commerce platforms like Alibaba and JD.com, and to overseas markets including Canada and the United States. In recent developments, the company launched infant formula subsidy plans in 2024 involving RMB1.2 billion in investments to provide free products to families, slowing sales declines in the segment; its subsidiary Feihe HLJ entered procurement agreements for agricultural products like rice and cooking oil extending to 2027, and subscribed to wealth management products from Construction Bank and SPD Bank totaling significant amounts in early 2025.