智通财经APP获悉，联想集团-R(80992)、中国平安-R(82318)、小米集团-WR(81810)上一交易日沽空比 率位于前三位，分别为91.38%、83.34%、80.95%。腾讯控股(00700)、阿里巴巴-W(09988)、小米集团- W(01810)的沽空金额位居前三，分别为29.69 亿元、23.66 亿元、10.16 亿元。中国平安-R(82318)、小米 集团-WR(81810)、华润啤酒(00291)的偏离值位居前三，分别为36.33%、34.41%、33.89%。 前十大沽空偏离值排行 前十大沽空比率排行 | 股票名称 | 沽空金额 | 沽空比率↓ | 偏离值 | | --- | --- | --- | --- | | 联想集团-R(80992) | 52.16 万元 | 91.38% | 11.53% | | 中国平安-R(82318) | 200.88 万元 | 83.34% | 36.33% | | 小米集团-WR(81810) | 597.54 万元 | 80.95% | 34.41% | | 华润啤酒-R(80291) | 19.36 万元 | 79.87% | 6.53% ...

经历了2025年的深度调整后，白酒要反转了吗？茅台是否具有投资价值？比茅台还"疯狂"的"藏品"还有谁？消费板块Vs科技AI，谁更值得当下布局？谁是昙 花一现？ @BT财经：马年限定版茅台，和马年限定版农夫山泉究竟谁更有收藏价值？不过要论产品的溢价，茅台显然不是最狠的一家，20元一瓶的农夫山泉的"生肖 水"溢价到170元，溢价超过8倍。正在发售的马年生肖水，单瓶二手售价约20元。而以前发售的生肖水，年份越早价格越贵。目前一套11个款式"全家福"， 二手价1888元左右，一瓶差不多170元。生肖水没有官方售价，考虑采用玻璃瓶+长白山莫涯泉＋特殊元素设计，姑且一瓶定价10元。这么算下来，生肖水 溢价率轻松甩飞天茅台好几条街。 茅台引发的焦点新闻还不止这一则。近日，贵州茅台参与SpaceX上市A轮融资的消息在1月29日在市场广为传播。当日茅台股价大涨8.61%，是2025年2月以 来的单日最高涨幅，也是近一年多来少见的放量大涨表现。此前2025年2月之后，其单日涨幅均未达到这一水平，此次上涨带动其市值重回1.8万亿元，成交 额超263亿元。据智通财经、上证报等多家媒体向茅台求证后，茅台回应该消息为不实信息。但这则"虚 ...

来源：深科技 福布斯2026年1月中国富豪榜新鲜出炉！ 字节跳动创始人张一鸣以693亿美元身家，首次超越钟睒睒登顶新首富✨ 这份榜单堪称大型"洗牌现场"，满屏都是互联网和硬科技的狂欢，传统赛道彻底被颠覆，咱们熟悉的大 佬们，有人登顶封神、有人逆袭翻盘、有人遗憾离场，每一处名次变动，都藏着当下最实在的财富密 码！ 1． 张一鸣（字节跳动）：693亿美元； 张一鸣成为中国首富背后！抖音、TikTok之外，字节跳动早偷偷押注AI了，豆包和海外版Dola（豆包英 伟版）已经成为张一鸣AI时代的底牌！2026年砸1600亿搞AI，850亿买芯片、750亿建计算中心，天价 抢人才，这波硬砸钱，才是他身家暴涨的关键，纯属长期布局的必然结果~ 2． 钟睒睒（农夫山泉/万泰生物）：680亿美元； 3． 马化腾（腾讯）：627亿美元； 4． 曾毓群（宁德时代）：562亿美元； 5． 丁磊（网易）：449亿美元； 6． 黄峥（拼多多）：424亿美元； 7． 李嘉诚（长江实业）：424亿美元； 8． 郑淑良家族（中国宏桥/山东魏桥创业）：327亿美元； 9． 何享健家族（美的）：327亿美元； 10． 雷军（小米）：304亿美元； ...

马年限定版茅台，和马年限定版农夫山泉究竟谁更有收藏价值？ 在i茅台上发售的53%vol 500ml贵州茅台酒（丙午马年）经典版，包装侧面出现错别字，二十八星宿中的"昴"被错写成了"昂"，日前茅台发布声明回应 称"是供应链失误，并给出就近更换和自行补缺的两种解决方案"。有意思的是，随着茅台的回应，二手平台部分标价1899马茅很快就飙升至2800元。 作为A股市值最高的知名企业之一，茅台的市值早已突破万亿，而这次简单的失误竟然是出售16天后由消费者发现。随着错版马茅的溢价，很多网友甚至 怀疑是不是茅台的故意为之，毕竟一瓶酒的溢价近千元，快溢价出一瓶飞天茅台出来了。 不过要论产品的溢价，茅台显然不是最狠的一家，20元一瓶的农夫山泉的"生肖水"溢价到170元，溢价超过8倍。正在发售的马年生肖水，单瓶二手售价约 20元。而以前发售的生肖水，年份越早价格越贵。目前一套11个款式"全家福"，二手价1888元左右，一瓶差不多170元。生肖水没有官方售价，考虑采用 玻璃瓶+长白山莫涯泉＋特殊元素设计，姑且一瓶定价10元。这么算下来，生肖水溢价率轻松甩飞天茅台好几条街。 茅台引发的焦点新闻还不止这一则。近日，贵州茅台参与Spac ...

Group 1: Canned Food Industry - The State Administration for Market Regulation has released draft recommendations for national standards for canned food to enhance industry standards and applicability [3] - The canned food industry in China is diverse but lacks innovation, particularly in attracting younger consumers, with Fujian province accounting for 36% of national production [3][4] - The industry is upgrading through the development of self-heating foods, high-end products like bird's nest canned food, and customized dining products [3][4] Group 2: New Beverage Trends - The sugar water shop has become a new franchise trend, with brands like Mai Ji Milk and Zhao Ji Chuan Cheng rapidly expanding, but facing challenges such as high costs and low-frequency consumption [5] - The Chinese herbal health water market is experiencing a sales surge due to hot weather, with products like red bean and coix seed water gaining popularity, potentially exceeding a market size of 10 billion yuan [6] - The beverage market is accelerating its health trend, with low-sugar and no-sugar products becoming standard, while traditional giants face declining sales [7] Group 3: Functional and Innovative Products - Vitamin drinks are gaining popularity among young consumers for their health benefits, with sales of Nongfu Spring's water-soluble C100 increasing by 34% year-on-year [9] - The rise of banana-flavored drinks from major brands reflects a growing market potential, leveraging high national recognition and health trends [10] - The global nutrition and health industry is set for a peak in raw material innovation and technological iteration by 2025, with a focus on standardized and stable ingredients [11] Group 4: Market Dynamics and Brand Strategies - The "medicinal food" trend is becoming a significant market, with a projected scale of 370 billion yuan, driven by policy support and technological advancements [12] - The rise of Chinese herbal health water reflects a shift in consumer behavior towards health-conscious products, but the industry faces challenges like exaggerated claims and quality control [14] - The dairy industry is shifting focus from consumer markets to B2B markets, driven by the growth of new consumption formats like tea and coffee [15] Group 5: Brand Developments and Challenges - The beverage brand Commune is preparing for an IPO, aiming to expand its presence while facing challenges like declining same-store sales and rising costs [24] - The acquisition of the beverage brand Dayao by KKR marks a shift towards capitalizing on efficiency over emotional branding, as the brand faces challenges in national expansion [25] - Dongpeng's coffee brand has achieved a market share of 14%, positioning itself among the top three in the ready-to-drink coffee market through a focus on quality and targeted marketing [26]

截至月份: 2026年1月31日 狀態: 新提交 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 致：香港交易及結算所有限公司 公司名稱: 農夫山泉股份有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09633 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,034,666,400 | RMB | | 0.1 RMB | | 503,466,640 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | | 本月底結存 | | | 5,034,666,400 | RMB | | 0.1 RMB | | 503,466,640 | | 2. 股份分類 | 普通股 | 股份類別 | ...

Group 1 - The core report from Brand Finance reveals that 68 Chinese brands made it to the 2026 Global Brand Value Top 500 list, with Nongfu Spring ranking 160th, marking a significant rise since its first entry in 2024 [1] - Nongfu Spring has established itself as the only soft drink brand from China on the list, following Moutai and Wuliangye in the food and beverage sector [1] - The company reported strong performance in its mid-2025 financials, with packaged water revenue exceeding 9.4 billion yuan, a year-on-year increase of 10.7%, and tea beverage sales surpassing 10 billion yuan for the first time, becoming the primary growth driver [1] Group 2 - At the 2025 dealer conference, Nongfu Spring reiterated its core development strategy of strengthening water, expanding tea, and developing new products, which has garnered positive outlooks from research institutions [2] - Morningstar noted that ready-to-drink juice and coffee will become new revenue and profit growth drivers for Nongfu Spring, with strong performance expected from its water-soluble C100 products and NFC juice [2] - The company is expanding its product matrix with successful new launches in 2025, including various tea and coffee products, which have received favorable market feedback [2] Group 3 - Nongfu Spring has entered the top three in the global non-alcoholic beverage brand value rankings, trailing only Coca-Cola and Pepsi, thus reshaping the competitive landscape of the global soft drink industry [3] - The company has initiated its global expansion, targeting markets in Hong Kong and Singapore, while maintaining a commitment to innovation and quality [3] - Nongfu Spring aims to promote Chinese health culture and quality lifestyle globally, contributing to the narrative of increasing brand value for Chinese companies [3]

Investment Rating - The report maintains an "Accumulate" rating for the food and beverage industry [5] Core Insights - The upcoming Spring Festival is expected to boost sales in the liquor sector, with Moutai leading the industry towards an unexpected improvement. Short-term focus should be on the demand for the Spring Festival, while medium-term investments should target leading brands across various price segments [1] - In the beer segment, new product launches are being prepared, with a focus on high-growth channels and consumer trends towards personalized and diversified consumption [2] - The baking sector is showing stable performance, with companies like Lihigh Foods preparing for the sales peak and benefiting from favorable policies regarding cream products [3] Summary by Relevant Sections Liquor Sector - The Spring Festival is driving demand, with Moutai expected to lead the market. Key short-term stocks include Guizhou Moutai, Guo Jiu Gong Jiu, and others, while medium-term focus should be on Wuliangye and Shanxi Fenjiu [1] Beer Sector - Current beer sales are in a low season, but new product launches and high growth in instant retail channels are promising. Companies like Chongqing Beer are launching new 1L cans to meet consumer preferences [2] Food Sector - Lihigh Foods is preparing for the sales peak with a focus on quality over quantity, while Anqi Yeast is benefiting from declining sugarcane prices, enhancing profit margins [3] - Yizhi Konjac is experiencing rapid demand growth, with a stable supply chain and product innovation driving its market position [4]

Investment Rating - The report maintains a cautious outlook on the liquor industry, particularly on high-end liquor such as Moutai, with expectations of gradual recovery in sales and pricing stability post-Spring Festival [10][11][12]. Core Insights - The high-end liquor segment, especially Moutai, is experiencing a sales boost as the Spring Festival approaches, with expectations of price recovery due to increased demand driven by wealth effects [10][11]. - The report suggests that the market's concerns about post-festival price drops for Moutai are likely to be unfounded, predicting only minor seasonal fluctuations [10][12]. - The overall sentiment in the liquor industry is shifting from a pessimistic outlook to a more stable one, with expectations of improved sales dynamics as external constraints on consumption ease [11][12]. Summary by Sections Liquor Industry - The report highlights that Moutai's sales are performing better than previously cautious expectations, leading to a price recovery for both Moutai and newer Moutai products [10]. - It is noted that the market is still wary of potential price declines after the Spring Festival, but historical patterns suggest only minor adjustments are likely [10][11]. - The report emphasizes the importance of brand strength and market positioning for high-end liquor companies, recommending investments in brands with strong market presence and growth potential [12]. Beer Industry - The beer sector is seeing a steady recovery in on-premise consumption, with companies diversifying into non-drink channels and soft drinks [12]. - The report suggests that the beer industry's performance is expected to stabilize, with a focus on maintaining competitive pricing and improving dividend yields [12]. Snack Industry - The snack sector is benefiting from pre-Spring Festival stocking and product innovation, with companies like Qiaqia and Ganyuan expected to show significant profit elasticity due to low comparative bases [14]. - The report recommends focusing on leading snack companies that are expanding their store presence and adapting their product offerings [14]. Beverage Industry - The soft drink sector is currently facing challenges due to seasonal demand fluctuations and competition from ready-to-drink tea brands, leading to a slight decline in overall sales growth [14]. - Despite these challenges, leading brands like Dongpeng and Nongfu are expected to maintain double-digit growth through brand strength and market share consolidation [14]. Seasoning Industry - The seasoning sector is stabilizing as restaurant demand begins to recover, with expectations of improved performance in 2026 driven by seasonal effects [15]. - The report highlights companies like Angel Yeast and Qianhe Condiments as having strong growth potential due to favorable market conditions and dividend yields [15].

Core Viewpoint - The recent popularity of Nongfu Spring's zodiac water has led to significant price inflation on second-hand platforms, with a complete set from 2016 to 2025 being sold for 1680 yuan, highlighting the impact of scarcity and consumer psychology on collectible items [1] Group 1: Market Dynamics - Nongfu Spring's zodiac water is marketed as "only given, not sold," creating artificial scarcity that enhances consumer desire for limited and exclusive items [1] - The collection process spans 12 years, providing a sense of achievement similar to hobbies like stamp or card collecting, which fulfills psychological needs for goal completion [1] Group 2: Consumer Behavior - Consumers, such as Liu Le, are willing to invest significant amounts (estimated at 3000 to 4000 yuan) to complete their collections, indicating a strong emotional attachment to the product [1] - There is a risk of consumers falling into a cycle of collecting for the sake of collecting, potentially detracting from the original enjoyment of the hobby [1] Group 3: Future Risks - Potential changes in Nongfu Spring's marketing strategy, such as increasing supply or shifts in public interest, could lead to price volatility in the collectible market [1]