智通财经APP获悉，安踏体育-R(82020)、李宁-R(82331)、腾讯控股-R(80700)上一交易日沽空比率位于 前三位，分别为100.00%、100.00%、90.68%。阿里巴巴-W(09988)、美团-W(03690)、小米集团- W(01810)的沽空金额位居前三，分别为31.99 亿元、18.35 亿元、15.18 亿元。腾讯控股-R(80700)、贝 壳-W(02423)、中国海洋石油-R(80883)的偏离值位居前三，分别为45.50%、40.51%、40.26%。 前十大沽空比率排行 | 股票名称 | 沽空金额 | 沽空比率↓ | | 偏离值 | | --- | --- | --- | --- | --- | | 安踏体育-R(82020) | 62.91 万元 | 100.00% | 17.17% | | | 李宁-R(82331) | 4.30 万元 | 100.00% | 36.54% | | | 腾讯控股-R(80700) | 375.57 万元 | 90.68% | 45.50% | | | 京东集团-SWR(89618) | 148.23 万元 | 86.76% | 29. ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 百威亞太控股有限公司 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01876 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 18,000,000,000 | USD | | 0.00001 USD | | 180,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 18,000,000,000 | USD | | 0.00001 USD | | 180,000 | 本月底法定/註冊股本總額： USD 180,000 ...

百威亚太(01876)发布公告，Nelson Jamel先生为寻求其他机会将辞任公司非执行董事及审核及风险委员 会成员;Fernando Tennenbaum先生将获委任为公司非执行董事及审核及风险委员会成员;及John Blood先 生、David Almeida先生及Katherine Barrett女士各自将不再担任Jamel先生的替任董事，并将获委任为 Tennenbaum先生的替任董事，自2026年1月1日起生效。 ...

智通财经APP讯，百威亚太(01876)发布公告，Nelson Jamel先生为寻求其他机会将辞任公司非执行董事 及审核及风险委员会成员; Fernando Tennenbaum先生将获委任为公司非执行董事及审核及风险委员会成 员;及John Blood先生、 David Almeida先生及Katherine Barrett女士各自将不再担任Jamel先生的替任董 事，并将获委任为Tennenbaum先生的替任董事，自2026年1月1日起生效。 ...

格隆汇12月31日丨百威亚太(01876.HK)宣布，以下董事职务变动自2026年1月1日起生效：1. Nelson Jamel(「Jamel」)为寻求其他机会将辞任公司非执行董事及审核及风险委员会成员；2. Fernando Tennenbaum(「Tennenbaum」)将获委任为公司非执行董事及审核及风险委员会成员；及3. John Blood(「Blood」)、David Almeida(「Almeida」)及Katherine Barrett(「Barrett」)各自将不再担任Jamel的 替任董事，并将获委任为Tennenbaum的替任董事。 ...

Budweiser Brewing Company APAC Limited 百威亞太控股有限公司 非執行董事 鄧明瀟 （董事會聯席主席） （John Blood先生、David Almeida先生及Katherine Barrett女士為其替任董事） Ricardo Tadeu （John Blood先生、David Almeida先生及Katherine Barrett女士為其替任董事） Fernando Tennenbaum （John Blood先生、David Almeida先生及Katherine Barrett 女士為其替任董事） 獨立非執行董事 （於開曼群島註冊成立的有限公司） （股份代號：1876） 董事名單及其角色與職能 自2026年1月1日起，百威亞太控股有限公司董事會（「董事會」）成員將包含下列 七名董事： 執行董事 程衍俊 （董事會聯席主席） （John Blood先生、David Almeida先生及Katherine Barrett女士為其替任董事） 鄧明瀟 （主席） 楊敏德 郭鵬 香港，2025年12月31日 郭鵬 楊敏德 曾璟璇 董事會設有三個委員會。各委員會的成員將如下： ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Budweiser Brewing Company APAC Limited 百威亞太控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1876） 非執行董事、替任董事及 審核及風險委員會成員變更 茲提述百威亞太控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）日期 為2025年11月4日的公告，內容有關本公司內若干董事會成員變動。 本公司董事（「董事」）會（「董事會」）謹此宣佈，以下董事職務變動自2026年1月1 日起生效： Jamel先生已確認其與董事會概無意見分歧，亦無有關其辭任事宜須提請本公司股 東垂注。 1 1. Nelson Jamel先生（「Jamel先生」）為尋求其他機會將辭任本公司非執行董 事及審核及風險委員會成員； 2. Fernando Tennenbaum先生（「Tennenbaum先生」）將獲委任為本公司非執 行董事及審核及風險委員會成員；及 3. John B ...

从去年到今年，促消费、促内需，一直是社会的重要议题。 此前，重要工作会议更是将"坚持内需主导，建设强大国内市场"定位明年八大重点任务之首。 但回望过去一年，在大盘整体上涨的趋势之中，跌幅居前的，仍大多是消费板块。 同花顺数据显示，在申万二级行业指数之中，今年年内下跌的16个行业中，有十个均为消费板块。 | | 简称 | 年涨跌幅(%) | | --- | --- | --- | | 1 | 专业连锁II | -14.72 | | 2 | 铁路公路 | -12.86 | | 3 | 三恩山 | -12.44 | | 4 | 房屋建设 II | -11.80 | | 5 | 非白酒 | -11.61 | | 6 | 出版 | -7.22 | | 7 | 调味发酵品 II | -6.04 | | 8 | 煤炭开采 | -5.55 | | 9 | 中药 II | -5.02 | | 10 | 数字媒体 | -4.95 | | 11 | 厨卫电器 | -4.11 | | 12 | 轨交设备 II | -3.08 | | 13 | 乘用车 | 勾股大数据_97 | | 14 | 通信服务 | -2.74 | | 15 | ...

Core Viewpoint - The article discusses the significant downturn in various consumer sectors, particularly the liquor and retail industries, highlighting the challenges and potential opportunities for recovery amidst changing consumer behaviors and market dynamics [2][4][43]. Group 1: Liquor Industry - The liquor sector, especially the white liquor segment, has faced substantial declines, with the overall white liquor market down by 12.44% this year [9][15]. - Major brands like Wuliangye have reported significant drops in revenue and profit, with a 10.26% decline in revenue and a 13.72% drop in net profit for the first three quarters [17]. - The white liquor industry is experiencing a shift from a growth-driven model to one focused on consumer preferences, with a need for companies to adapt to changing consumption patterns [26][27]. Group 2: Retail Industry - The professional chain sector has seen a dramatic decline of 14.72%, with many traditional retail models struggling to survive [28][30]. - Companies like Renrenle have faced severe financial difficulties, leading to a significant reduction in store numbers and ultimately triggering delisting procedures [34][35]. - The shift towards online shopping and changing consumer preferences have forced traditional retailers to innovate or face extinction [36][39]. Group 3: Non-White Liquor Sector - The non-white liquor sector, including beer and wine, has also suffered, with a reported decline of 11.61% this year [40]. - Major players like Budweiser APAC have experienced significant sales drops, with a 9.5% revenue decrease and a 24.4% decline in net profit [46]. - The industry is witnessing a trend of cross-industry competition, with liquor companies diversifying into other beverage categories to adapt to market changes [51][56]. Group 4: Publishing Industry - The publishing sector has faced a 7.22% decline, with the overall market for printed books down by 10.40% [60]. - Despite the downturn, some publishing companies have managed to increase profits through cost control and operational efficiency, with a 14.65% rise in net profit for listed companies [61][62]. - The industry is undergoing significant transformation, moving from traditional sales models to more dynamic content management and IP development strategies [70][71]. Group 5: Seasoning Industry - The seasoning sector has seen a 6.04% decline, with companies like Qianhe Flavor struggling due to a drop in revenue and profit [74]. - The industry is facing challenges from both market saturation and changing consumer preferences, necessitating a shift in strategy for many companies [81]. Group 6: Traditional Chinese Medicine - The traditional Chinese medicine sector has experienced a 5.02% decline, with companies like Pian Zai Huang facing significant revenue and profit drops [86]. - The industry is under pressure from regulatory changes and increased competition, pushing companies to innovate and diversify their product offerings [91][92]. Group 7: Digital Media - The digital media sector has reported a 4.95% decline, with traditional advertising models struggling to adapt to new market realities [97][100]. - Companies like Mango TV have seen significant revenue drops, highlighting the challenges of maintaining profitability in a rapidly changing landscape [101][104]. Group 8: Kitchen and Bathroom Appliances - The kitchen and bathroom appliance sector has faced a 4.11% decline, with major players like Boss Electric experiencing revenue drops for the first time in years [112]. - The industry is grappling with reduced demand due to a slowdown in the real estate market, necessitating a shift towards innovation and international expansion [117][118]. Group 9: White Goods - The white goods sector has seen a 2.02% decline, with companies like Gree Electric facing significant challenges due to market saturation and increased competition [126][129]. - The industry is shifting towards a more rational consumer base that prioritizes product quality and brand reputation over traditional growth drivers [133]. Group 10: Hotel and Restaurant Industry - The hotel and restaurant sector has experienced a 1.37% decline, with many businesses struggling to convert increased tourism into profits [140][141]. - The industry is witnessing a shift towards more refined operational models, with companies focusing on member engagement and digital transformation to enhance profitability [142][143].

Summary of Key Points from the Conference Call Industry Overview - The food and beverage industry is experiencing systemic opportunities driven by policies aimed at expanding domestic demand and increasing residents' income levels, which are expected to enhance consumption capabilities [1][2] - The liquor industry is undergoing a deep adjustment, with expectations of entering an EPS killing phase by 2025, while high-end liquor brands like Moutai and Lao Jiao are recommended for investment [1][4] - The dairy industry has completed supply-demand adjustments, with anticipated increases in demand for milk powder and liquid milk due to fertility and income policies, highlighting companies like Yili and New Dairy as potential recovery opportunities [1][5] - The snack food sector is benefiting from the "lipstick effect," new channels, and health trends, with recommendations for companies such as Salted Fish, Wei Long, Wan Chen Food, and Qiaqia Food [1][6] - The beverage sector is seeing a clear trend towards health, with non-traditional channels gaining market share, making high-growth companies like Dongpeng Beverage noteworthy [1][7] Key Insights and Arguments - The central economic work conference in 2026 will prioritize expanding domestic demand, which is expected to lead to a series of policies stimulating consumption, positively impacting the food and beverage industry [2] - The food and beverage sector has faced significant changes in volume, price, and channel structure over the past six years, with varying performances across sub-sectors [3] - The liquor sector is expected to see marginal improvements in 2026, driven by policies aimed at boosting business and government consumption [4] - The dairy sector is projected to enter a recovery phase, with increased demand anticipated due to supportive policies [5] - The snack food market is expected to gradually recover, supported by rising incomes and new retail channels [6] Additional Important Content - Cost fluctuations are a significant factor affecting the performance of consumer goods companies, with some agricultural product costs declining, providing investment opportunities [9] - The planting area for sunflower seeds is expected to recover, leading to a projected 10% decrease in the cost of sunflower seeds, which will positively impact Qiaqia Food's gross margin [10][11] - The konjac market is facing supply-demand imbalances, with high prices expected to ease in 2026, alleviating cost pressures for companies like Wei Long and Salted Fish [12] - The sugar molasses market is currently at low prices, providing strong support for Angel Yeast's profitability [13] - Innovative companies are leveraging product and channel innovations to drive growth, with notable examples including Nongfu Spring and Uni-President [14] - Efficient supply chain management is crucial for companies, with Dongpeng Beverage demonstrating strong performance in this area [15] Future Outlook - Dongpeng Beverage is expected to achieve double-digit growth in 2026 through strategic measures and product innovations [16] - Wan Chen is enhancing store quality and accelerating store openings, which is expected to improve profitability in the snack food sector [17][18] - Hai Tian Flavoring has implemented efficiency improvements under new management, resulting in revenue and profit growth exceeding industry averages [19] - The restaurant industry is expected to see a mild recovery, with companies like Yihai International and Tianhe Flavoring showing potential for improvement [20][21] - In the liquor sector, companies like Yanghe and Budweiser are expected to benefit from product and channel improvements, leading to potential breakthroughs in performance [22][23][25] - Gan Yuan Food is focusing on expanding e-commerce and high-end membership stores, with a stable development outlook [26][27] - Overall, companies in the food and beverage sector are expected to experience gradual recovery and growth, making them worthy of investor attention [28]