Market Overview - The leisure food sector increased by 0.16% on September 5, with Laiyifen leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Key Performers - Laiyifen (603777) closed at 14.78, up 3.07% with a trading volume of 290,800 shares and a turnover of 421 million yuan [1] - Other notable performers include: - Huangshanghuang (002695) at 12.33, up 1.40% [1] - Guangzhou Restaurant (603043) at 17.61, up 1.32% [1] - Yuanzu Co. (603886) at 13.34, up 1.14% [1] Underperformers - Salted Fish (002847) closed at 72.17, down 1.65% with a trading volume of 58,900 shares and a turnover of 420 million yuan [2] - Other underperformers include: - Ximai Food (002956) at 21.25, down 1.62% [2] - Youyou Food (603697) at 12.58, down 0.94% [2] Capital Flow - The leisure food sector experienced a net outflow of 80.43 million yuan from institutional investors, while retail investors saw a net inflow of 72.85 million yuan [2] - Notable capital flows include: - Laiyifen had a net inflow of 11.73 million yuan from institutional investors [3] - Yuanzu Co. saw a net inflow of 12.58 million yuan from institutional investors [3]

Core Viewpoint - The company, Tao Li Bread, is facing significant challenges with a nearly 30% decline in net profit in the first half of the year, alongside a controversial advertising campaign for its mooncake product, which has led to public backlash [1][2]. Financial Performance - In the first half of the year, Tao Li Bread reported a revenue of 2.611 billion yuan, a year-on-year decrease of 13.55% [1]. - The net profit attributable to shareholders was 204 million yuan, down 29.70% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was 194 million yuan, reflecting a decrease of 30.03% year-on-year [1]. Advertising and Marketing - The company acknowledged that the decline in net profit was primarily due to increased depreciation costs from new projects and a rise in advertising and promotional expenses [2]. - Advertising and promotional expenses for the first half of the year amounted to 42.96 million yuan, which is over 10 million yuan higher than the 30.60 million yuan spent in the same period of 2024, marking an increase of over 40% [2]. Public Relations Response - Following the backlash from the controversial elevator advertisement for the "Tao Li Egg Mooncake," the company issued an apology, stating that the previous leadership was responsible for the ad and that the marketing direction will now be led by younger team members [1][3]. - The company also defended the product, suggesting that the mooncake is actually quite good despite the criticism [1].

Core Viewpoint - The controversy surrounding the advertisement by Tao Li Bread reflects a disconnect between the brand's marketing approach and consumer expectations, highlighting the importance of respecting consumer sentiments in marketing strategies [8][11]. Group 1: Advertisement Controversy - Tao Li Bread's advertisement suggested that the dislike for five-nut mooncakes is due to youth and lack of life experience, which was perceived as condescending and manipulative by many consumers [1][3]. - The advertisement was quickly taken down after one day due to backlash, with the company acknowledging the misstep and apologizing for the unintended offense [8]. Group 2: Company Response and Strategy - A company representative stated that the advertisement was part of a new internal creative process involving employees of various ages, aiming to resonate with a diverse audience, but one version sparked significant controversy [8]. - The company has committed to improving its review mechanisms to balance creativity with careful oversight to prevent similar issues in the future [8]. Group 3: Financial Context - Tao Li Bread's financial performance has been under pressure, with a reported revenue of 2.611 billion yuan (down 13.55% year-on-year) and a net profit of 204 million yuan (down 29.7% year-on-year) for the first half of 2025 [11]. - Despite the decline in revenue and profit, advertising expenses increased by 40% to 42.96 million yuan, indicating a potential misalignment between marketing investments and consumer reception [11]. Group 4: Consumer Sentiment and Market Reaction - The backlash against the advertisement is seen as part of a broader trend where brands fail to respect consumer perspectives, similar to past incidents with other companies [11]. - Observers note that the controversy reflects deeper issues of brand transformation and the need for genuine empathy in marketing, emphasizing that respect for consumer dignity should be paramount [11].

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桃李面包 后续宣发正式由我们年轻人接管 批评我们都接受,反思也在进行中,态度端正,挨 打立正 (有一说一,五仁蛋月烧真的挺好吃的,别迁怒它 (83) 关注 我们文案翻车了,全是领导的责任! 确实是领导拍的板,这个锅只能他来背 在此鞠躬道歉,他现在正在接受"现实毒打" 从今天起 !! #桃李面包称广告语的锅领导背#【#桃李面包再就广告语致歉# : 后续宣发由年轻人接管】针对桃李面 包"桃李蛋月烧"月饼电梯广告争议，9月5日，桃李面包官方账号发文表示，"确实是领导拍的板，这个 锅只能他来背，在此鞠躬道歉，他现在正在接受'现实毒打'。从今天起，后续宣发正式由我们年轻人接 管。批评我们都接受，反思也在进行中，态度端正，挨打立正。"（界面，泽塔）#桃李面包广告 没饱 尝过生活的毒打# #桃李面包 0 2 2 2 2 2 2 1 1 1 1 2小时前 辽宁 ...

Core Viewpoint - The recent elevator advertisement by Tao Li Bread has sparked controversy due to its provocative wording, which suggests that those who dislike a specific product have not yet experienced the hardships of life [1] Group 1: Advertisement Controversy - The advertisement for the "Tao Li Egg Moon Cake" product included a statement implying that dislike for the five-nut filling is a sign of youth and inexperience [1] - In response to the backlash, Tao Li Bread's official account acknowledged the mistake, attributing it to leadership and promising that future promotions will be managed by younger staff [3] Group 2: Previous Issues - The controversial advertisement was taken down within a day of its release [5] - This incident is not the first for Tao Li Bread; in August 2022, its subsidiary faced an administrative penalty for food safety violations, where one batch of cake contained foreign matter [5][6] - The penalty included a fine of 50,000 yuan, with the company admitting to insufficient pest control measures [6] Group 3: Company Background - Tao Li Bread, originally established as Shenyang Tao Li Food Co., Ltd. in January 1997, has a registered capital of 1.6 billion yuan and specializes in the production and sale of baked goods, including seasonal products like mooncakes and rice dumplings [7]

Core Viewpoint - The advertisement by Taoli Bread, which suggested that consumers dislike five-nut mooncakes because they are "young" and have not experienced life's hardships, has drawn widespread criticism and has been taken down by the company [1][2]. Group 1: Company Response - Taoli Bread has apologized to consumers and stated that the controversial advertisement has been removed, indicating a commitment to improve their review mechanisms to prevent similar incidents in the future [1]. Group 2: Consumer Perception - The advertisement's tone was perceived as condescending, likening consumer preferences to a parental lecture, which has led to negative reactions from the public [2]. - Instead of focusing on product quality or improvements in the five-nut mooncake, the advertisement attempted to chastise consumers, which backfired and resulted in public ridicule [2]. Group 3: Advertising Strategy - In the current era of flow economy, companies are increasingly focused on creating impactful advertisements to attract attention, but they must prioritize respect for consumers and avoid a patronizing approach [2]. - The incident serves as a reminder to businesses that attempting to "educate" consumers can lead to backlash and negative market reactions [2].

Core Viewpoint - The recent controversial advertisement by Tao Li Bread has sparked significant backlash on social media, leading to the removal of the ad and raising questions about the company's marketing strategies [1][3][4]. Group 1: Advertisement Controversy - The advertisement for the "Egg Mooncake" product included a phrase suggesting that those who dislike the five-nut flavor have not yet experienced life's hardships, which was met with criticism from consumers [1][3]. - Following the backlash, Tao Li Bread's customer service confirmed that the advertisement was taken down and that the five-nut flavor was no longer available for purchase [3][4]. - The company acknowledged the controversy and expressed regret, stating that the ad was part of a new creative approach involving contributions from employees of various ages [4]. Group 2: Financial Performance - Tao Li Bread's revenue for 2024 was reported at 1.26 billion yuan, with mooncake sales accounting for approximately 2.07% of total revenue, indicating a minor impact on overall performance [5]. - The company experienced a decline in both revenue and profit in the first half of the year, with total revenue of 2.611 billion yuan, down 13.55% year-on-year, and a net profit of 204 million yuan, down 29.7% [5]. - The significant drop in net profit was attributed to increased depreciation costs from new projects and higher advertising expenses [5][6]. Group 3: Market Position - Tao Li Bread, established in 1997 and listed on the Shanghai Stock Exchange in 2015, is recognized as the "first stock of bread" in A-shares, operating over 310,000 retail terminals nationwide [5]. - As of the latest market data, the company's stock price was reported at 5.68 yuan, with a market capitalization of 9 billion yuan [7].

近日，有网友在社交平台发文投诉桃李面包投放的一则电梯广告，桃李面包在该广告中称"有人说五仁不好吃，我们认为，那是因为你还年轻，还没饱尝 生活的毒打"。对此，部分网友认为该文案"对消费者说教"，且文案内容没有逻辑，"分不清是讨好消费者，还是讨厌消费者"等。 9月4日，桃李面包相关负责人向南都湾财社记者表示，涉事广告画面在上线一天后已下架，并称，本次投放是品牌方第一次尝试开放式的内部共创机制， 为了兼顾不同年龄阶段的共鸣，公司邀请了不同年龄层的同事自由创作文案，最终共产出了20组版本进行投放，本意是希望通过多样化的表达与不同受众 建立连接，但其中一个版本在投放后引发了争议。该负责人表示，对此表示歉意，并将进一步完善审核机制，努力在鼓励创意的同时，更好地平衡审慎把 关，避免类似情况再次发生。 桃李面包（603866.SH）官网显示，桃李面包股份有限公司的前身是沈阳市桃李食品有限公司，成立于1997年1月23日，公司主要经营面包、糕点，以及 月饼、粽子等季节性产品。2015年12月22日，桃李面包股份有限公司登陆上交所上市。最新财报显示，今年上半年，企业营收同比下滑13.55%至26.11亿 元，归母净利润同比下滑2 ...

Core Viewpoint - The advertisement for "Peach Li Egg Mooncake" by Peach Li Bread has sparked controversy due to its provocative wording, leading to consumer backlash and the subsequent removal of the ad within a day of its launch [1][3]. Group 1: Advertisement Controversy - The advertisement claimed that those who dislike five-nut mooncakes are simply too young and have not experienced life's hardships, which was met with significant consumer discontent [1][3]. - Consumers expressed their dissatisfaction online, with some stating they would avoid the product due to the ad's tone, suggesting it could lead to a loss of sales [3]. - The company acknowledged the backlash and stated that the ad was part of a new internal creative process, which inadvertently led to the controversial version being published [3]. Group 2: Company Background and Financials - Peach Li Bread, established in 1997 and known as the "first bread stock" in A-shares, primarily produces bread, pastries, and seasonal products like mooncakes [4]. - According to the 2025 semi-annual report, the company reported a revenue of 2.611 billion yuan, a decrease of 409 million yuan or 13.55% compared to the previous year [4]. - The company's R&D investment was 10.66 million yuan, down 30.81% year-on-year, representing only 0.4% of total revenue, while advertising expenses increased by over 40% to 42.96 million yuan compared to the same period in 2024 [4].