8月1日上午，美团、淘宝、饿了么等先后在官方网站等发布了声明，承诺将"规范促销"，同时提出多项 限制补贴行为的举措，包括规范促销行为、合理规划发放补贴、不做非理性促销活动、不以显著低于成 本的价格销售商品和服务等。 7月23日，新华每日电讯发表评论《两度约谈为何仍止不住外卖"价格战"》，文章表示，这一轮外卖价 格大战是"存量博弈"，并没有产生消费增量，"同质化的低价格竞争让平台企业与相关外卖商家陷入利 润困境——数据显示，今年上半年全国餐饮收入增速同比下降3.6个百分点。" 两天后，7月25日，《人民日报》刊发评论文章称，"价格战没有赢家""容易让整个行业陷入花钱买吆 喝、有量无价的困境"。 下周8月7日将迎来立秋，自2020年开始，在立秋举办的"秋天第一杯奶茶"活动已成为外卖行业的常设营 销节点。 淘宝在App的规则中心中悄悄上线了这则声明。声明中承诺，将持续提升服务，推动良性竞争。而美团 则在企业官网、官微推送了该声明，标题为"繁荣行业生态，抵制无序竞争"。 本次三家平台同时发声，或源自于上一轮约谈的政策延续。同时，下周将迎来立秋，也是传统外卖奶茶 的促销重要周期。在"立秋大战"前三家外卖平台集体发声，也 ...

Core Insights - JD Qixian has launched the "Xinjiang Fruit Festival," leveraging direct sourcing advantages to bring seasonal fruits from Xinjiang to consumers nationwide [1][3] Group 1: Product Highlights - The festival features unique Xinjiang fruits, including the dried apricot known for its unique taste and cold chain transportation ensuring freshness [3] - The desert ice sugar winter jujube, grown in the unique climate of Bayin Gol, is noted for its juicy and sweet flavor [3] - The crispy honey sweet melon from Turpan weighs about 2.6 kg and has the highest repurchase rate in its category for three consecutive years [5] - The "Green Pearl" seedless grape has a long shelf life and is available from mid-July to the end of September [5] Group 2: Supply Chain and Logistics - JD Qixian has established deep cooperation with Xinjiang producers, ensuring optimal fruit quality through direct sourcing and timely harvesting [5] - The company utilizes an efficient logistics and distribution system to deliver fresh fruits to stores and consumers within 30 minutes [5][7] - The "direct sourcing + cold chain delivery" model effectively reduces intermediaries, resulting in lower prices compared to similar products in the market [5] Group 3: Market Trends - The trend of consuming seasonal and specialty products is prominent among consumers, with JD Qixian's festival showcasing its supply chain capabilities [7] - The fresh food e-commerce market in China is projected to exceed 560 billion yuan in 2023, with direct sourcing models accounting for 35% and an annual growth rate of over 50% [5]

利德曼：拟收购结核诊断筛查公司不超过70%的股份，预计构成重大资产重组。利德曼公告，拟以现金 方式收购北京先声祥瑞生物制品股份有限公司不超过70%的股份，交易预计构成重大资产重组。本次交 易完成后，公司将取得目标公司控制权，目标公司将成为公司的控股子公司。目标公司主要从事结核诊 断筛查及相关 疫苗 业务，交易完成后将增强上市公司竞争力。本次交易尚处筹划阶段，存在未能通过 决策审批及资金筹集不确定性的风险。相关个股：利德曼(300289)。 ...

Core Insights - The implementation of the "Childcare Subsidy System" by the Chinese government aims to reduce family childbirth costs and boost the maternal and infant consumption market [1] - The shift in purchasing behavior among young parents from "basic prevention" to "scientific parenting" is driving significant market growth [1] - The domestic maternal and infant nutrition market is projected to reach 130 billion yuan by 2025, with increasing demand for scientifically formulated products [1] Group 1: Market Trends - Young parents are becoming more selective in their parenting choices, leading to a demand for products that cater to specific nutritional needs during different stages of pregnancy and childcare [1][2] - The market is experiencing rapid growth in niche categories such as DHA and probiotics, driven by the trend towards refined parenting [1][2] Group 2: Company Strategies - PERDAYS, an Australian brand, focuses on "staged nutrition" tailored to different phases of pregnancy and motherhood, addressing specific consumer pain points [2][4] - The brand has successfully launched products like active folic acid tablets and sugar-free iron supplements, which cater to the unique needs of pregnant women [2][4] Group 3: Marketing and Collaboration - PERDAYS collaborates with JD Health to enhance its marketing strategy, utilizing targeted advertising and promotional activities to increase product visibility and sales [4][5] - The partnership has resulted in significant sales growth, with some products achieving a fourfold increase in transaction value [4][6] Group 4: Industry Position - JD Health has established itself as a leading online sales channel for maternal and infant nutrition products, achieving the highest market share in the second quarter of 2025 [5][6] - The collaboration between PERDAYS and JD Health exemplifies how deep consumer insights and precise marketing can redefine the value of scientific parenting [6]

Core Viewpoint - Suning.com has upgraded its "3C Bee Card" to enhance user experience by adding 18 new free popular app membership benefits, catering to various consumer needs during the ongoing 818 shopping festival [1][2]. Group 1: Membership Benefits - The upgraded 3C Bee Card now includes five free mobile service rights and 18 new app membership benefits, allowing users to enjoy services related to music, video streaming, shopping, and more [1]. - Users can select one membership benefit from the partnered platforms each month, providing a versatile service experience [2]. Group 2: Service Enhancements - The card offers comprehensive protection for common mobile issues, including free screen replacement, battery replacement, screen protection, maintenance, and free daily data packages [2][3]. - This upgrade reflects Suning.com's strategy to optimize membership operations based on user needs and innovate in the membership service sector [2]. Group 3: Market Positioning - Suning.com aims to integrate its services into consumers' daily lives, enhancing service value and driving improvements in service market experience and efficiency [2]. - The company plans to leverage its supply chain capabilities and service advantages to expand its membership ecosystem and better understand user demands [2].

熊猫债是由境外机构在中国境内发行、以人民币计价的债券品种，是境外机构在中国本土市场募资的重 要途径。兴业银行积极参与我国债券市场对外开放，发挥"商行+投行"优势，以专业优质的服务助力海 外机构来华发行债券。截至6月末，兴业银行已服务超30家境外客户发行超1000亿元人民币熊猫债，涵 盖企业、金融机构、多边机构等各类发行主体。过去三年，兴业银行境外债承销规模持续位居中资股份 制银行首位。 近年来，兴业银行顺应出海浪潮，持续构建境内外、线上下、本外币、离在岸、投商行"五位一体"的国 际业务服务体系，国际化经营迈出更大步伐，为我国高水平对外开放贡献金融力量。 近日，兴业银行作为联席主承销商、联席簿记管理人成功协助摩根士丹利(Morgan Stanley)在中国银行 间市场发行2025年第一期熊猫债。本次债券发行规模20亿元人民币，期限5年，票面利率1.98%，是首 单由总部位于美国的公司发行的熊猫债券。 ...

近日，由南方周末主办的"第十七届企业社会责任年会"在广州圆满落幕，兴业银行凭借在ESG领域的突 出表现，荣获"年度ESG影响力企业"奖项。 兴业银行是国内银行业ESG领域领跑者、国内可持续金融领域先行者，明晟(MSCI)ESG评级AAA级， 是唯一一家连续六年获得境内银行业最高评级的银行。兴业银行积极践行金融工作的政治性、人民性， 坚持将ESG管理作为推动金融"五篇大文章"协同发展的连接器，积极促进经济效益、社会效益与环境效 益协调发展，书写兼顾国际标准和中国特色的ESG实践兴业篇章。 经济效益与社会效益的统一，是ESG管理的内在要求。为更好满足人民群众金融需求，兴业银行持续加 强对普惠小微、乡村振兴、养老金融以及慈善公益等关键领域、薄弱环节的优质金融服务支持，致力于 增强人民群众金融服务的可得性、便利性和可持续性。截至6月末，累计发放普惠小微企业线上融资贷 款超2300亿元，涉农贷款余额超5290亿元；服务"积极应对人口老龄化"国家战略，推出个人养老金产品 254支，累计服务个人养老金客户超721万户；深度参与乡村振兴、共同富裕等事业，形成"乡村振兴、 公益助学、扶弱济困、抗灾救灾"四位一体慈善机制，获得第 ...

Core Viewpoint - The sustainability of performance is critical for IPO companies, and Delijia faces challenges due to its heavy reliance on a few major clients for revenue [1][2]. Revenue Dependency - In 2023, 96% of Delijia's revenue came from its top five clients, with over 80% from three major clients: Sany Heavy Energy, Goldwind Technology, and Envision Energy [1][7]. - The company's revenue from Envision Energy significantly dropped by 72.81% in 2024, contributing only 2.89 billion yuan in the first half of the year [2][8]. Client Performance - Sany Heavy Energy provided 1.3 billion yuan in revenue for Delijia in 2024, marking a 50% increase year-on-year [3][12]. - Goldwind Technology's revenue for Delijia was 1.463 billion yuan in 2024, reflecting a 12.78% decrease, although it saw a 156% increase in the second half of the year [10][11]. Market Dynamics - Delijia's reliance on related party transactions has raised concerns, especially with Envision Energy starting to produce gearboxes in-house, leading to a significant reduction in orders from Delijia [9]. - The company has attempted to demonstrate its performance sustainability by showcasing orders from non-related parties, including Dongfang Electric, Yunda Co., and Mingyang Smart Energy [3][13]. Order and Pricing Strategy - Delijia reported a total of 1,970 units in hand orders by the end of 2024, a 93.14% increase from the end of 2023, indicating a recovery to 2022 levels [13]. - The company has been accused of potentially manipulating data presentation, as it provided order numbers without corresponding revenue figures, raising questions about the actual financial impact [4][13].

行业供给持续收缩， 光伏 玻璃 价格基本触底。29日， 海南发展 公告，基于当前市场环境与经营现 状，其控股子公司"海控三鑫"已于近期对其光伏玻璃生产线实施停窑减产。海控三鑫拥有550吨、650吨 共2座窑炉和7条深加工生产线。其中，650吨窑炉已于2024年9月停窑冷修。相关个股： 福莱特 (601865)、 旗滨集团 (601636)。 ...

Core Insights - JD Fresh has launched a "Healthy Living Week" campaign, promoting organic products at affordable prices, starting from 9.9 yuan, aiming to make organic living more accessible to consumers [1][3] Group 1: Market Demand and Growth - JD Fresh has introduced over 200 new organic products since the 618 shopping festival, covering a wide range of categories including fresh fruits and vegetables, grains, oils, and baby food [3] - The sales of organic products at JD Fresh have seen over a twofold increase in the first half of this year, with the user base for its private label organic products tripling [3] Group 2: Quality Control and Assurance - JD Fresh implements a strict quality control system throughout the supply chain, ensuring that suppliers meet rigorous standards and that organic certifications are verified [3] - The company conducts regular third-party testing on key safety indicators to back its commitment to "true organic" products [3] Group 3: Featured Products and Offerings - The campaign features popular organic products such as organic yogurt priced at 9.9 yuan and organic flaxseed oil at 19.9 yuan, which can be used in popular health recipes [5] - A selection of clean-ingredient snacks is also available, including French butter croissants and 100% fruit juices, with prices starting at 9.9 yuan [7] Group 4: Delivery and Accessibility - Consumers can order organic products through the JD app or WeChat mini-program, with delivery available within 30 minutes for locations within 3 kilometers [7] - Non-JD Plus members can enjoy free shipping on orders over 39 yuan within 5 kilometers, while JD Plus members benefit from additional shipping privileges [7]