时间： 2024年12月-2025年11月为整体（下文记作MAT202511或MAT2511，即自2025年11月起算向前回滚12个月），同比时间周期则为2023年12月-2024年11月为 整体（下文记作MAT202411或MAT2411，即自2024年11月起算向前回滚12个月） TOP100选取方式： 2025年已经接近尾声，未来两周马上赢情报站也将开启"年终盘点模式"。与往年类似，今年的年终盘点系列依然从饮料新品开始，通过回顾2024年12 月-2025年11月饮料市场的TOP100单品，以及与上一年同一时间段的对比，来观察在过去一年，饮料市场有什么新的趋势与走向。在下一周，我们将对饮 料各类目中的TOP集团及其份额变动进行盘点，敬请关注！ 本次盘点拉取的时间、TOP100新品选取方式、特别说明及数据说明如下： 将所有在时间周期内上市的SKU，以其在饮料大类中的销售额市占率进行降序排列，取前100个SKU，限制条件为不含自有品牌产品、不含组合装（内装 数＞1的套组、箱、礼盒等），数据模型为马上赢全量门店模型。 特别说明： Top100新品上市时间虽然都在期内，但实际上市时间各不相同，因此客观上会出现上 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 最新公告列表 《关于项目预中标的提示性公告》 《关于重整计划资本公积金转增股本事项进展暨公司股票复牌的提示性公告》 《太平洋证券股份有限公司关于云南交投生态科技股份有限公司调整资本公积金转增股本除权参 考价格的计算结果的专项意见》 《关于重整计划资本公积金转增股本实施后首个交易日开盘参考价调整的提示公告》 截至2025年12月12日收盘，*ST交投（002200）报收于7.29元，较前一交易日上涨5.04%，最新总市值为 32.89亿元。该股当日开盘7.29元，最高7.29元，最低7.29元，成交额达62.69万元，换手率为0.04%。 根据公司近日发布的《关于重整计划资本公积金转增股本事项进展暨公司股票复牌的提示性公告》，云 南交投生态科技股份有限公司因执行重整计划，完成资本公积金转增股本，新增266,992,691股股票已全 部登记至管理人专用账户，公司总股本由184,132,890股增至451,125,581股。本次转增股份将按《重整计 划》划转至重整投资人及债权人账户。公司股票 ...

格隆汇12月11日丨*ST交投(002200.SZ)公布，截至本公告披露日，公司执行《云南交投生态科技股份有 限公司重整计划》转增的266,992,691股股票已全部转增完毕，公司总股本由184,132,890股增至 451,125,581股。股票将于2025年12月12日（星期五）开市起复牌。 ...

格隆汇12月11日丨*ST交投(002200.SZ)公布，公司经查询全国公共资源交易平台云南省公共资源交易信 息网获悉，公司作为联合体牵头人，与云南筑锦生态建设有限责任公司（公司全资子公司）、云南开源 建设有限公司和云南省设计院集团有限公司组成联合体，被确定为"镇雄县第二污水处理厂及配套管网 工程工程总承包"项目的第一中标候选人。该项目合同估算价为1.28亿元，项目地点位于昭通市镇雄县 旧府街道。项目建设内容包括污水处理厂、污水主管衔接管道的新建和配套进场道路的建设等。根据 《联合体协议》约定，该项目公司主要承担新建污水处理厂的厂区建构筑物工程、电气工程等工作，云 南筑锦生态建设有限责任公司主要承担新建污水处理厂的总图工程、配套进场道路建设等工作。具体实 施内容及实施份额以最终签订的相关合同或协议为准。预中标金额（报价）：设计费为105万元；建安 工程费（优惠后费率）为96.50%。 ...

格隆汇12月10日丨*ST交投(002200.SZ)公布，为办理本次转增股本事项，经向深圳证券交易所申请，公 司股票（证券简称：*ST交投，证券代码：002200）将于本次资本公积金转增股本事项的股权登记日 2025年12月11日当天停牌一个交易日，并将于2025年12月12日开市起复牌。 ...

智通财经APP讯，*ST交投(002200.SZ)公告，公司资本公积转增股本的股权登记日为2025年12月11日， 转增股本上市日为2025年12月12日。公司股票将于2025年12月11日(星期四)开市起停牌一个交易日，并 将于2025年12月12日(星期五)开市起复牌。 ...

而集过的朋友，恭喜你，你亲身参与了中国商业史上最传奇的商战之一，干脆面争霸战。 1991年和1992年，台湾省两大食品巨头康师傅与统一进军大陆市场，就此成了针锋相对30年的老冤家，从海鲜面打到红烧牛肉面，从小鸡炖蘑菇打到老坛 酸菜，从冰红茶打到冰糖雪梨。 而很快他们就发现，没有谁的钱，比独生子女的钱更好赚。 那个年代麦当劳VS肯德基，娃哈哈VS乐百氏，旺旺VS乖乖，都是从小孩身上爆家长的金币。 对于做方便面的康师傅和统一来说，做儿童产品，甚至连单独的生产线都不用建。 小浣熊干脆面附赠的水浒卡，年轻的朋友可能无法想象，当时全中国男孩，怎样被它卷入了一种癫狂的状态，开袋拿出卡片的那一刻，又会拥有怎样一种 难以名状的快乐。 有个特别流行的传说，说统一老板家公子看到日本插画大师正子公也画水浒一百单八将，心中五味杂陈，觉得这事应该由中国人自己做，于是遍访知名画 师，搞出了后来的水浒卡。 因为当时小学生中间很流行干嚼方便面面饼的吃法，两家只要稍微改改，就能摇身一变成为一种零食：干脆面。 没过多久，两家就各自推出了单独的子品牌，统一是小浣熊，康师傅是小虎队，以此来猛攻小朋友们薄弱的心智。 那时零食之间的竞争，往往是看谁在包 ...

格隆汇12月5日丨*ST交投(002200.SZ)公布，截至2025年12月4日，管理人账户已收到全体重整投资人支 付的全部重整投资款，合计人民币922,812,000.00元（大写：人民币玖亿贰仟贰佰捌拾壹万贰仟元 整）。全体重整投资人已支付完毕全部的重整投资款。 ...

Core Insights - A leading beverage company in China has proactively lowered its growth target for 2026, indicating a significant reduction compared to its historical growth rates, while simultaneously pursuing aggressive expansion plans, suggesting the initiation of a "price war" [1][3] - Another major beverage player has announced a clear and aggressive strategy for the coming year, focusing on expanding market share through "internal competition" and seeking breakthroughs in new categories via price wars [1][3] Price War Dynamics - Historical trends show that when industry giants initiate internal competition, it often compels other players to follow suit, leading to a downward spiral into price wars [3] - The price decline in the beverage market has already begun to manifest, with average prices for sugar-free tea and "health water" dropping from approximately 5.6 yuan and 0.9 yuan per 100ml in 2023 to about 5.15 yuan and 0.86 yuan in 2025 [4][6] Pricing Strategies - New products in the health beverage category launched in the first half of the year have an average price of about 5 yuan per bottle, a 12% decrease from the 2024 average of 5.7 yuan [6] - Promotions such as "second bottle for 1 yuan" have led to actual transaction prices for health beverages dropping to between 3 and 5.5 yuan per bottle, representing a decline of over 40% [6] - The bottled water sector is also experiencing price reductions, with major brands like Nongfu Spring and Wahaha temporarily pausing before second-tier brands like Master Kong and Yili continue to push low-price strategies [8] Market Sentiment and Consumer Behavior - Distributors are feeling the impact of price reductions directly, with reports indicating that previously popular beverages priced at 6-8 yuan are now generally below 5 yuan [10] - The shift in pricing power from distributors to brand owners is evident, as brands are forced to lower prices to maintain market share and relationships with distributors amid high inventory levels [10][12] Promotional Tactics - Brands are employing sophisticated pricing strategies, including large packaging and "one yuan exchange" promotions, to capture market share without directly undermining existing price structures [12][15] - Some companies have officially announced price reductions by launching newly priced products, such as a major international cola brand introducing a 400ml product priced lower than its previous 500ml offerings [15] Industry Outlook - The signals from industry giants indicate that the beverage sector will become increasingly competitive in 2026, with price wars expected to be a primary battleground [16][20] - The ongoing price war is likely to impact all segments of the supply chain, including small brands, distributors, and consumers, with potential negative consequences for profit margins and product quality [20][22]

Core Insights - The beverage market is witnessing a resurgence of iced tea, particularly carbonated iced tea, which was previously labeled as "low-end" but is now regaining popularity among consumers, especially the younger generation [1][4][10] - Major brands like Master Kong, Uni-President, and Wahaha are re-entering the iced tea market with new product launches and flavor innovations, revitalizing this classic category [1][3][10] Market Dynamics - Master Kong's beverage segment reported revenue of 51.621 billion yuan in 2024, with the tea beverage sector contributing 21.7 billion yuan, marking an 8.2% year-on-year growth [3][14] - The iced tea market size reached 30 billion yuan in 2024 and is projected to grow to 35 billion yuan in 2025, indicating a strong recovery and increasing consumer interest [3][17] Consumer Trends - Young consumers are increasingly drawn to iced tea for its affordability and refreshing taste, with prices ranging from 3.5 to 5 yuan for 550ml to 1L bottles [4][10][19] - The resurgence of iced tea is attributed to its adaptability in various consumption scenarios, from casual settings to social events, appealing to a wide demographic [9][20] Competitive Landscape - The competition in the iced tea market is intensifying, with new entrants like Nongfu Spring and Yuanqi Forest launching innovative products, including carbonated iced tea and low-sugar options [3][16][19] - Brands are focusing on health trends, with 71.4% of consumers prioritizing "low-sugar/no sugar" labels when selecting iced tea, prompting companies to reformulate their products accordingly [17][19] Product Innovation - Master Kong has introduced several new iced tea flavors, including low-sugar and high-fiber options, to cater to health-conscious consumers [13][20] - Uni-President is also innovating with products like "cola iced tea" and collaborating with popular platforms to attract younger audiences [14][20] Financial Performance - Master Kong's revenue for the first half of 2025 was 40.092 billion yuan, with a 20.5% increase in net profit, largely driven by its beverage segment [10][12] - Uni-President reported a total revenue of approximately 17.087 billion yuan in the first half of 2025, with a 10.6% year-on-year growth, highlighting the importance of iced tea in their product lineup [14][20]