Core Viewpoint - The price of Moutai has reached a new low, with significant declines observed in both wholesale and retail prices, indicating a challenging market environment for the brand [1][3][6]. Price Trends - As of September 14, 2023, the wholesale reference price for 25-year Moutai (53 degrees/500ml) in loose bottles is reported at 1770 RMB, down 10 RMB from the previous day, marking a new low since its launch [1]. - The original box price for the same product remains at 1790 RMB, also a new low, reflecting a decline of over 20% from its initial price of 2255 RMB [1]. - The kilogram Moutai (53 degrees/1L) is priced at 3300 RMB, down 18.92% from its launch price of 3700 RMB earlier this year [3]. Market Dynamics - Despite the general trend of declining prices, the white liquor industry is preparing for the peak consumption season around the National Day and Mid-Autumn Festival, with Moutai launching several new products to stimulate demand [8]. - Moutai has been actively engaging with over 200 distributors across various regions, indicating a strategic effort to strengthen market presence [8]. - Limited edition products, such as the 70th Anniversary Commemorative Moutai, have been well-received, with a stable wholesale price around 10,000 RMB, reflecting strong demand in the collectible and gifting markets [8]. Product Development - Moutai is expanding its product line with creative cultural products, which have seen rapid sales, indicating a successful diversification strategy [8]. - The company is also iterating on its high-end products, with recent upgrades announced for premium offerings, including new packaging and anti-counterfeiting measures [8]. - The kilogram Moutai is emerging as a new core product, with increasing inquiries and purchases noted in the market [9].

Core Viewpoint - The article discusses the recent crisis faced by Xibei restaurant group due to allegations of using pre-prepared dishes, highlighting the company's response and the implications for its brand trust and operational practices [5][13][20]. Group 1: Company Response and Actions - Xibei's founder, Jia Guolong, acknowledged mistakes in handling the situation and expressed a commitment to transparency by stating the company will "play open cards" and learn from competitors [3][12]. - Following the crisis, Xibei announced the suspension of kitchen visits in all its 370+ stores to ensure normal operations and prevent further issues [12][11]. - The company has also decided to withdraw the "Luo Yonghao" meal package from its menu, although some items will still be available for individual order [12][11]. Group 2: Food Safety Concerns - A significant issue arose when videos surfaced showing Xibei employees using a strainer to clear a drain, raising public concerns about food safety and hygiene practices [7][10]. - Xibei's customer service stated that the use of a strainer for cleaning drains is against company policy, and they will investigate the incident further [11][10]. Group 3: Financial Performance and Future Outlook - Xibei operates over 370 stores across 62 cities, employing approximately 18,000 people, with reported revenues of around 52 billion to 62 billion from 2020 to mid-2025 [14][20]. - The company is facing pressure on its financial performance, with a peak revenue in 2023 followed by anticipated slow growth in 2024 and 2025 [14][20]. - Prior to the crisis, Xibei was planning for an IPO in 2026 and had begun restructuring its equity to attract strategic investors [14][20].

Core Viewpoint - ADHD (Attention Deficit Hyperactivity Disorder) is often misunderstood as mere misbehavior, but it is a neurodevelopmental disorder that requires timely diagnosis and intervention to prevent significant impacts on individuals and society [1][4]. Summary by Sections Understanding ADHD - ADHD is characterized by persistent attention deficits and hyperactive-impulsive behaviors that significantly affect a child's social and academic functioning [3]. - The prevalence of ADHD in children in China is approximately 6.26%, equating to around 23 million children, but only about 10% seek clinical help [4]. Diagnosis and Symptoms - Diagnosis requires a comprehensive assessment, including symptom duration, severity, and impact across different environments, while ruling out other conditions [7]. - Attention span typically increases with age, with younger children maintaining focus for only 10-15 minutes, while adolescents can focus for 20-30 minutes [3]. Treatment Approaches - Treatment strategies vary by age: non-pharmacological interventions are preferred for children under 6, while those over 6 may require medication alongside behavioral therapies [6][8]. - The global market for ADHD-related medications was valued at $14.31 billion in 2023 and is projected to reach $18.6 billion by 2030, with a compound annual growth rate of 3.69% [8]. Role of Parents and Schools - Parents play a crucial role in recognizing ADHD and ensuring adherence to treatment plans, while schools should adapt teaching methods to align with children's attention development [9]. - Collaboration between parents, teachers, and healthcare providers is essential to create a supportive environment for children with ADHD [9].

Core Viewpoint - The article discusses the changing dynamics in the smartphone supply chain and market, highlighting price increases in storage components and the impact of government subsidies on consumer behavior and market competition [1][3]. Group 1: Supply Chain Changes - Sandisk has announced a price increase of over 10% for all its products, indicating a potential new wave of price hikes in the storage market [1]. - Major manufacturers have halted production of DDR4 products, leading to a price inversion with DDR5, although some have decided to delay complete shutdowns due to ongoing demand [1]. - The DRAM price index has risen approximately 72% in less than six months, with DDR4 and LPDDR4X prices starting to increase from the second quarter [9]. Group 2: Market Trends - The domestic smartphone market experienced a "rise and then decline" trend in the first half of the year, with high-end market support becoming more pronounced [3]. - IDC reported that smartphone shipments in China fell by 4.0% year-on-year in Q2 2025, ending six consecutive quarters of growth [3]. - The government subsidy program ("国补") has had a significant but temporary stimulating effect on high-end smartphone sales, with a noted increase in sales of devices priced over $600 by approximately 9.2% [6][9]. Group 3: Company Performance - Sunny Optical reported a revenue increase of 4.2% year-on-year to 19.652 billion yuan, with a gross profit margin improvement despite a 21.0% decline in smartphone camera module shipments [4]. - Q Technology achieved a revenue of approximately 8.832 billion yuan, a 15.1% increase, driven by growth in non-smartphone camera module sales [4]. - The average selling price of camera modules increased by about 27.2%, contributing to revenue growth despite a decline in shipment volumes [6]. Group 4: Competitive Landscape - The smartphone industry is now characterized by intense competition in a saturated market, with companies focusing on product differentiation and high-quality offerings to drive consumer upgrades [3][12]. - Companies are adapting to the changing market by enhancing their product lines and expanding their retail presence, with plans to open additional service and experience stores [12].

据央视新闻报道，当地时间9月14日，中美双方在西班牙马德里就有关经贸问题举行会谈。 来源丨央视新闻 编辑丨江佩佩 张嘉钰 SFC ...

Core Viewpoint - Wahaha Group, led by Zong Fuli, is planning to launch a new brand "Wah Xiaozong" starting from the 2026 sales year, following the founder's passing and ongoing trademark disputes [1][7]. Group 1 - An internal document from Hangzhou Wahaha Honghui Food and Beverage Co., Ltd. indicates the decision to switch to the new brand "Wah Xiaozong" to address historical issues related to the brand's usage [1]. - The document states that the use of the "Wahaha" trademark requires unanimous consent from all shareholders of Wahaha Group, prompting the company to seek feedback from distributors [1][4]. - The trademark for "Wah Xiaozong" was applied for by Hongsheng Beverage, with applications covering various categories including beverages and food [7][8]. Group 2 - The "Wahaha" brand, valued over 900 billion, has been subject to controversy regarding its ownership, with ongoing trademark transfer processes initiated by Wahaha Group [7]. - In May, Wahaha Group hinted at launching a new proprietary brand due to uncertainties surrounding the trademark transfer [7]. - Zong Fuli has also initiated a significant investment of 1 billion to establish a new beverage production base in Xi'an, following the closure of 18 factories earlier this year [10][11].

记者丨 周慧 编辑丨周上祺 9月10日到9月14日，2025年服贸会在北京的工业旅游地首钢园举行。从泡泡玛特、52TOYS文 创产品，到PICO（字节跳动旗下XR品牌）沉浸式体验，文旅服务展馆吸引了诸多观众打卡。 在服贸会主题论坛之一的2025世界旅游合作与发展大会上，世界旅游城市联合会专家、联合国 旅游组织大使伊什特万·乌伊海伊发布了《世界旅游城市发展报告（2024—2025）》（以下简 称《报告》）。《报告》称，2024年以来，全球旅游业迎来里程碑式复苏。 联合国旅游组织数据显示，2025年一季度，国际游客总数突破3亿人次，同比增长5%。亚太市 场增速领跑全球，中国是世界上最大的旅游支出国，其出境支出同比增长30%。 "数智化""助力入境旅游"是本次服贸会文旅专题旅游展的核心亮点。 21世纪经济报道记者注 意到，入境游、旅游AI助手等话题，也是文旅类论坛嘉宾提及最多的关键词，针对中国入境游 人数的增加，从机场到在线旅游平台都推出了系列服务；AI方面，中国的互联网社交平台小红 书、OTA（在线旅游）平台去哪儿以及美团旅行等，都在服贸会上披露了AI应用的最新进展。 中国入境游人数激增 去哪儿副总裁任芬分享了一 ...

Core Viewpoint - The article highlights the success of actress Xin Zhilei, who won the Best Actress award at the 82nd Venice International Film Festival for her role in the film "Day Hanging in the Sky," emphasizing her exceptional portrayal of the character Meiyun and the film's deep emotional narrative [1][10]. Summary by Sections Film Overview - "Day Hanging in the Sky" features Meiyun, a female boss in a Guangzhou clothing wholesale market, who navigates the pressures of life and emotional entanglements, brought to life by Xin Zhilei's nuanced performance [3][7]. - The film showcases various locations in Guangzhou, Dongguan, and Shaoguan, integrating the unique cultural essence of Lingnan into its narrative [6][11]. Narrative Structure - The story unfolds around Meiyun's hidden conflicts stemming from a past incident where she was involved in a hit-and-run, leading to her partner Baoshu taking the blame and serving time in prison. This creates a complex emotional web involving Meiyun, Baoshu, and another character, Qifeng [7][8]. - The film's title, derived from a classic Cantonese opera, symbolizes the peaks and valleys of emotional experiences, reflecting the characters' struggles and desires for understanding and solace [8][10]. Directorial Style - The film adopts a slow narrative pace, with significant character development occurring over the first forty minutes, which some viewers may find tedious. However, this aligns with director Cai Shangjun's style, characterized by a documentary-like realism [9][10]. - The dialogue in the film is rich and meaningful, contributing to character development and emotional depth, as seen in the interactions between Baoshu and Meiyun [9][10]. Performance Highlights - Xin Zhilei's performance is noted for its emotional depth, particularly in a scene where her character experiences a moment of pain and reflection, showcasing her ability to convey complex emotions without dialogue [10][13]. - Zhang Songwen's portrayal of Baoshu complements Xin's performance, adding layers to the narrative through his nuanced delivery [10][13]. Cultural Significance - The film serves as a representation of Southern women's stories and highlights the importance of grounded storytelling in cinema, demonstrating that subtle narratives can resonate on an international stage [13][14]. - The film's authentic depiction of Lingnan culture and everyday life allows global audiences to connect with the characters and their experiences, emphasizing the film's broader cultural relevance [11][13].

9 图源：新民周刊 记者丨 贺 泓 源 编辑丨 张伟贤 江佩佩 张嘉钰 9月14日，罗永浩和西贝的话题之争持续霸榜热搜。 13日晚，罗永浩发微博称："好吧，西贝的事情可以告一段落了。期待预制菜相关的国家法规尽快出台。我要忙正事了，已经耽误了一些工 作。感谢大家的关心"。 对于西贝而言，风波仍在继续，并迎来了成立以来最大的一次外部危机。 据21世纪经济报道记者独家多方了解， 9月12日，西贝连夜召开1.8万人的罗永浩作战大会。该会议目标更多是鼓舞员工，加油鼓气，扛住压 力，服务好顾客。背后是，随着"西贝预制菜"风波推进，很多员工被网暴、被骂。 不少媒体记者涌入西贝后厨探访发现， 其中羊前腿保质期24个月，虾仁保质期是12个月， 西贝 儿童的西兰花保质期两年时间，有网友调侃蔬 菜的保存时长比儿童年龄还大。 图源：红星新闻 四则厨房贝贡人,我们发情预制采 撕开包装好的烤鱼原料 群展示效可可制作家 鱼是提前在工厂腌制迈 A BRIEFE 与 的 Faili FF TO FE 1.5万 此前，同日晚8点30分，罗永浩开启直播，对近日与西贝的争议作出回应。此次直播受到广泛关注，刚开播一分钟，在线人数就突破10万+。 随着 ...

Core Viewpoint - The home appliance industry is experiencing a shift from stable competition among traditional giants to a more dynamic landscape influenced by digital transformation and new entrants like Xiaomi, which is aggressively pursuing market share in the major appliance sector [1][3]. Group 1: Performance of Major Players - Midea Group reported a revenue increase of 15.68% year-on-year, with total revenue reaching 252.3 billion yuan and net profit growing by 26% to 26.7 billion yuan [3][5]. - Haier's revenue grew by 10.22% year-on-year, while Gree Electric Appliances saw a revenue decline of 2.66% [1][3]. - Xiaomi's IOT and lifestyle products segment experienced a remarkable 50.7% growth, driven by increased sales of major appliances [1][5]. Group 2: Market Dynamics and Competition - The home appliance market is entering a phase of stock competition, with Xiaomi's entry disrupting the traditional market structure dominated by Midea, Haier, and Gree [1][3]. - Gree's core business, primarily air conditioning, faced a 5.09% decline, while its industrial products segment grew by 17.13% [6][8]. - The competition for the title of "second in air conditioning" is intensifying between Gree and Xiaomi, with Xiaomi's online air conditioning sales surpassing Gree's in recent months [8][9]. Group 3: Strategic Initiatives - Midea is focusing on R&D, with cumulative investments exceeding 43 billion yuan from 2022 to 2024, and a 14.4% increase in R&D spending in the first half of the year [4][5]. - Xiaomi's strategy emphasizes hardware sales at lower prices to build an ecosystem, contrasting with traditional models that prioritize hardware profit [9]. - Gree is facing challenges in diversifying its business and adapting to market changes, which has affected its performance [6][8]. Group 4: International Expansion - The overseas market is becoming a crucial growth area for home appliance giants, with Midea's overseas revenue growing from 116.78 billion yuan in 2019 to 169.03 billion yuan in 2024, reflecting a compound annual growth rate of 7.68% [11][12]. - Gree's overseas revenue also increased, but its contribution remains below 20% of total revenue, indicating a need for improvement in this area [13]. - Midea's global strategy includes establishing production bases in various countries, enhancing its brand presence and reducing costs [12][13].