10月15日深夜，古越龙山披露了一项重磅合作：与华润啤酒在北京华润大厦签约达成战略合作，中国啤 酒、黄酒两大领域的领军企业正式携手。 古越龙山披露，双方将推出前所未有的"黄酒精酿啤酒"，让古越龙山触达更广泛的消费者群体。联名产 品今年就将上市，会先在华东地区试点推广，随后逐步拓展至全国市场、构建完整的全国化运营体系， 将借助华润啤酒的年轻化营销经验，从而打破大众对黄酒"老酒"的刻板印象。 21世纪经济报道记者肖夏 面对势头凶猛的会稽山，古越龙山终于出招。 今年资本市场突然爱上了黄酒，黄酒股整体上扬，尤其是积极开展年轻化的会稽山股价多次涨停，今年 内股价已经暴涨了120%以上，成功登顶黄酒市值第一。 相较之下，长期位居黄酒老大的古越龙山，今年虽然股价也顺势上涨，涨幅远不及会稽山。翻看古越龙 山的财报，近年增速相对更缓，会稽山有后来居上之势。 当年凭借年轻化营销逆势突围的华润啤酒，能否助力古越龙山也在年轻人之间翻红？ 啤酒龙头与黄酒老大联手 古越龙山与华润啤酒联手，源自更高层面的战略合作。 今年7月，浙江省政府与华润集团签署了深化战略合作框架协议，双方提出进一步深化2022年以来的战 略合作，接下来双方将按照"战 ...

Core Viewpoint - The strategic cooperation between Guyue Longshan and China Resources Beer aims to leverage their respective strengths in the yellow wine and beer sectors to jointly develop new products combining both beverages [1] Group 1 - Guyue Longshan and China Resources Beer held a strategic cooperation signing ceremony on October 15 in Beijing [1] - The collaboration focuses on the development of products that integrate yellow wine and beer [1]

Core Insights - The strategic partnership between Guyue Longshan and China Resources Beer aims to create a new category of products by combining yellow wine and beer, targeting modern social drinking preferences [1][2] Group 1: Partnership Details - The signing ceremony took place at China Resources Building in Beijing, marking the official collaboration between the two companies [1] - The partnership is exclusive, with Guyue Longshan being the sole collaborator for the "yellow wine + beer" crossover products, establishing a strategic alliance with market exclusivity [1] Group 2: Product Development - The collaboration will leverage the unique flavors and cultural heritage of Guyue Longshan's Shaoxing wine, creating innovative products that appeal to contemporary taste preferences and social contexts [2] - The joint products are set to launch this year, starting with pilot promotions in East China before expanding nationwide, aiming to build a comprehensive national operational system [2] Group 3: Market Strategy - The partnership intends to utilize the marketing network and operational experience of China Resources Beer to support the distribution of the new products, while Guyue Longshan's cultural depth will enhance brand value and differentiation in a competitive market [1] - The marketing strategy will focus on breaking the traditional image of yellow wine, targeting younger consumers through trendy marketing in various social settings like camping and music festivals [2]

Investment Dynamics - Yonghui Supermarket has established a new trading company in Beijing with a registered capital of 10 million yuan, focusing on food internet sales, telecommunications, and internet information services, which could create additional revenue streams for the company in the long term [3] - Third Space, a luxury gym in London, secured a £75 million bank loan from OakNorth, following a previous loan of £38.5 million in June 2023, indicating investor confidence in the gym's growth potential amid increasing consumer health demands [5] - Guizhou Southern Dairy announced the suspension of its listing application on the Beijing Stock Exchange due to the need for supplementary audit matters, with projected 2024 revenue of 1.817 billion yuan and net profit of 209 million yuan, ranking 20th among 36 listed dairy companies [7] - Eight Horse Tea has passed the listing hearing at the Hong Kong Stock Exchange, aiming for a main board listing with projected revenues of 1.818 billion yuan, 2.122 billion yuan, and 2.143 billion yuan from 2022 to 2024, showing growth rates of 16.8% and 1.0% for 2023 and 2024 respectively [10][11] - Haidilao has opened a budget conveyor sushi restaurant in Hangzhou, indicating its strategy to diversify into the sushi market, leveraging its supply chain to create a differentiated product offering [13] Brand Dynamics - Luckin Coffee has launched a venue leasing cooperation across 39 cities, focusing on school locations, which is expected to enhance brand coverage in a rapidly growing coffee market [19] - LOEWE and Swiss sports brand On have collaborated to launch a limited edition Cloudsolo sneaker, which is anticipated to generate high-margin revenue for LOEWE while attracting high-net-worth customers for On [16] Personnel Dynamics - Cargill appointed Andrew MacPherson as the new CEO of Teys, coinciding with Cargill's acquisition of Teys, which is expected to enhance operational capabilities and market reach [22][23] - China Resources Beer announced a management reshuffle, appointing Jin Hanquan as executive director and president, which aims to strengthen leadership amid increasing competition in the premium beer segment [26] - The global luxury fashion group, Richemont, announced the resignation of its CEO and CFO, Chen Jiyu, who will leave on October 27, 2025, raising questions about the future leadership and performance of the group [28]

近日，华润啤酒（00291.HK）发布公告，金汉权任公司执行董事及总裁。 公告介绍，金汉权47岁，持有武汉大学工学硕士学位。金汉权于2012年加入华润集团，2022年加入华润 啤酒。 此前9月3日，华润啤酒发布公告，执行董事赵春武已由总裁调任为董事会主席及获委任为公司财务委员 会主席。 赵春武现年54岁，持有北京大学工商管理硕士学位，2003年加入华润雪花啤酒，从销售发展部副总经理 起步，逐步晋升至总裁。他在华润啤酒的多个区域公司担任过总经理职务，积累了丰富的区域市场运营 经验。 赵春武 调任董事会主席一个多月的赵春武，就到访了山东新星集团。 新星集团发布推文称，10月12日，华润啤酒（控股）有限公司董事会主席赵春武一行到访新星集团，受 到集团陈福珍董事长的热情接待。集团党委副书记、物流中心首席运营官高兵，集团纪委书记、首席行 政官高丽等陪同相关活动。 赵春武表示，华润酒业高度重视与新星集团的合作，希望双方充分发挥央企与民企各自的实力与人才聚 合优势，依托对市场的深刻洞察与战略层面的深度调整，在面对行业调整期挑战时，能够携手并肩、共 克时艰，共同为区域市场与行业发展注入新动能。 经过粗略检索，这也是赵春武调任 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the food and beverage sector [1][4][5]. Core Views - The food and beverage sector is experiencing a divergence in fundamentals, with beverages outperforming food and alcoholic beverages. The report emphasizes the importance of monitoring third-quarter performance [2][3]. - The report highlights the potential for stock price increases due to low expectations and the possibility of demand recovery, particularly in the snack, beverage, and frozen food segments [3][4]. Summary by Sections 1. Sector Overview - The food and beverage sector saw a slight decline of 0.16% this week, with A-shares down 0.20% and H-shares up 0.42%, indicating defensive allocation demand [1]. - The top performers in the sector included Zhuangyuan Pasture (21.07%), Yangyuan Beverage (16.80%), and Guangming Meat Industry (6.48%) [1]. 2. Alcoholic Beverages - The report notes that the liquor sector is still in a bottoming phase, with a focus on changes in the industry as the autumn sugar market approaches. Recommendations include Luzhou Laojiao, Kweichow Moutai, and Shanxi Fenjiu for their strategic advantages and growth potential [2][10]. - The report anticipates a 15-20% decline in sales volume during the upcoming holiday season, with a shift towards mass-market consumption [10]. 3. Beverages - The beverage sector is experiencing stable demand recovery, with leading companies like Nongfu Spring and Dongpeng Beverage showing strong performance. The report suggests focusing on the growth of sugar-free tea and energy drinks [2][15]. - The beverage sector's revenue increased by 18% year-on-year in the first half of 2025, despite entering the off-season [15]. 4. Snacks - The report emphasizes the importance of selecting strong alpha stocks in the snack sector, particularly in the konjac snack category, where leading companies like Weilong and Yanjinpuzi are expected to perform well [3][12]. - The snack industry is transitioning from channel-driven growth to category-driven growth, increasing competition among brands [12]. 5. Dairy Products - The dairy sector is seeing a gradual recovery in demand, with a focus on leading companies like Yili, which are expected to benefit from supply-demand improvements by 2025 [14]. - The report highlights the importance of monitoring inventory clearance and new product performance in the dairy supply chain [13][14]. 6. Investment Recommendations - The recommended investment portfolio includes Baba Food, Dongpeng Beverage, Weilong, and Luzhou Laojiao, which have shown strong performance and positive earnings expectations [3][16]. - The report suggests that any changes in supply and demand dynamics could catalyze stock price increases, particularly in segments with high growth potential [3][4].

长江商报消息 ●长江商报记者 黄聪 10月10日晚间，华润啤酒发布公告，自当日起，金汉权获委任为公司执行董事及总裁，以及董事会辖下 执行委员会、财务委员会及购股权总务委员会各自之成员；李楠获委任为公司非执行董事；阳红霞获委 任为公司首席财务官。 侯孝海离职三个多月后，华润啤酒（00291.HK）一二把手配齐。 10月10日晚间，华润啤酒公告，自当日起，金汉权获委任为公司执行董事及总裁。 6月27日，华润啤酒曾公告，公司执行董事及董事会主席侯孝海因有意投入更多时间于个人安排而决定 辞任。 9月3日，华润啤酒公告，公司执行董事赵春武已由总裁获调任为董事会主席。 长江商报记者发现，2025年以来，华润啤酒董事会（不包括独立董事）已变更了3人。 业绩方面，近日，华润啤酒发布的2025中期报告显示，公司上半年营业额达239.42亿元，同比增长 0.83%；股东应占溢利57.89亿元，同比增长23.04%。值得一提的是，华润啤酒营业额首次超越百威亚 太，成为中国市场第一。 赵春武任董事会主席 公告显示，金汉权现年47岁，持有武汉大学工学硕士学位，于2012年加入华润集团，至今已有13年时 间。 从职务排名来看，金汉权为华 ...

公开资料显示，金汉权现年47岁，于2022年加入华润啤酒，此前担任华润集团审计监察部副高级审计师 及审计专业总监。 北京商报讯（记者 刘一博 冯若男）10月10日，华润啤酒（控股）有限公司发布公告显示，金汉权被委 任为华润啤酒执行董事及总裁，该任命自2025年10月10日起生效。同时，李楠被委任为华润啤酒非执行 董事，阳红霞获委任为华润啤酒首席财务官。 ...

华润啤酒在港交所公告，自2025年10月10日起，金汉权先生获委任为公司执行董事及总裁，并成为董事 会辖下的执行委员会、财务委员会及购股权总务委员会成员。李楠先生亦于同日获委任为公司非执行董 事。此外，阳红霞女士获委任为公司首席财务官。 (本文来自第一财经) ...

华润啤酒(00291)发布公告，自2025年10月10日起，金汉权先生获委任为本公司执行董事及总裁，以及 董事会辖下执行委员会、财务委员会及购股权总务委员会各自的成员;李楠先生获委任为本公司非执行 董事;及阳红霞女士获委任为本公司首席财务官。 ...