| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002956 | 西麦食品 | 20.51 | -6.39% | 8.22万 | 1.73亿 | | 002695 | 煌上煌 | 13.18 | -6.33% | 34.35万 | 4.69 Z | | 300973 | 立高食品 | 44.90 | -3.57% | 2.12万 | 9647.17万 | | 002847 | 盐津铺子 | 68.08 | -3.36% | - 3.02万 | 2.08亿 | | 002719 | 麦脚尔 | 9.36 | -2.70% | 12.44万 | 1.18亿 | | 003000 | 劲仔食品 | 12.65 | -2.54% | 13.40万 | 1.71亿 | | 002991 | 甘源食品 | 55.80 | -2.53% | 1.59万 | 8967.29万 | | 603866 | 桃李面包 | 5.49 | -2.49% | 21.41万 | 1.18亿 | | 603517 | 绝味食品 ...

扫码查看主义"我赢 bk 我搬报 抽检五个,两个不合格!桃李面包 因菌落总数超标道歉 知名面包品牌桃李,又一次被检测出 产品不合格。近日,桃李面包 (603866.SH) 在公司官网发布致歉信, 因其产品抽检不合格向消费者致歉。 ..... 【抽检五个，两个不合格！桃李面包因菌落总数超标道歉】 国际金融技网 FNEWS.com ...

Core Viewpoint - The well-known bread brand, Taoli, has once again been found to have non-compliant products, leading to an apology to consumers and a recall of the affected batch [2][7]. Group 1: Product Quality Issues - Taoli's Taian factory produced a batch of "Chunru Sliced Bread" that failed a national quality inspection, with a total of 498 bags produced, of which 21 were sold online, including 16 that were tested [2][5]. - The inspection revealed that the total bacterial count exceeded the national food safety standards, with two out of five samples failing the test [4][5]. - The specific bacterial counts were recorded as <10 CFU/g, 40 CFU/g, <10 CFU/g, 1.7×10 CFU/g, and 1.1×10 CFU/g, with the maximum acceptable limit being 10 CFU/g [5][6]. Group 2: Company Response and Actions - Following the notification of the non-compliance, Taoli's Taian factory conducted an immediate investigation and implemented corrective measures, including recalling the affected batch and enhancing quality control during the delivery process [7]. - The company has increased the frequency of third-party inspections, with 46 batches of similar products tested since the incident, all passing the inspections [7]. Group 3: Historical Context and Financial Performance - This is not the first food safety issue for Taoli, as previous incidents include a case in 2022 where a batch of pure cake was found to contain foreign matter [11][12]. - Financially, Taoli has faced significant pressure, with a reported revenue of 6.087 billion yuan in 2024, a year-on-year decline of 9.93%, and a net profit of 522 million yuan, also down 9.05% [13]. - The company's performance has continued to decline into 2025, with a first-quarter revenue drop of 14.2% and a profit decrease of 27%, attributed to poor sales in key markets [13].

Core Viewpoint - Recently, Taoli Bread (603866) issued an apology on its official website regarding non-compliance of its products during a sampling inspection by the State Administration for Market Regulation [1] Summary by Relevant Sections Product Quality Issue - The non-compliant product was the "Chunru Sliced Bread" produced at the Taian factory, with the production batch number 20240425SD1, produced on April 25, 2024, and with a shelf life until May 1, 2024 [1] - A total of 498 bags were produced in this batch, with 21 bags sold online, including 16 bags that were sampled for inspection [1] - The non-compliance was due to total bacterial count exceeding acceptable limits [1] Remedial Actions Taken - The company promptly cooperated with regulatory authorities to conduct inspections and investigations at the Taian factory [1] - A recall and compensation process was initiated for the affected batch of products [1] - Enhanced control measures were implemented for the logistics and delivery of online sales to prevent quality issues due to improper storage and transportation [1] - The frequency of third-party testing has been increased, with 46 batches of similar products sent for testing, all of which have passed [1] Commitment to Food Safety - The company acknowledges the importance of food safety to consumers and expresses deep apologies to its customers for the incident [1] - A commitment to reflect deeply on the situation and to strengthen production and logistics details has been made, ensuring that food safety is prioritized in future operations [1]

Core Viewpoint - Tao Li Bread publicly apologized for a batch of bread that failed quality inspection, highlighting the importance of food safety and quality control in the industry [1] Group 1: Incident Details - On July 25, the State Administration for Market Regulation announced that 35 batches of food samples failed inspection, including one batch of "Chun Shu Sliced Bread" produced by Shandong Tao Li Bread Co., Ltd., which exceeded the allowable total bacterial count [1] - The affected batch was produced on April 25, 2024, with a shelf life until May 1, 2024, and was sold through an e-commerce platform operated by Tianjin Tao Li Food Co., Ltd. [1] Group 2: Company Response - On July 26, Tao Li Bread issued an apology letter on its official website, stating that it immediately initiated an investigation and corrective measures upon receiving the notification of the failed inspection [1] - The company cooperated with regulatory authorities for inspections and implemented a recall and compensation process for the affected batch [1] - Tao Li Bread also committed to enhancing control over the logistics and delivery processes of online sales to prevent quality issues due to improper storage and transportation [1]

Core Viewpoint - The recent food safety incident involving Taoli Bread has raised concerns about product quality and regulatory compliance, leading to an apology from the company and subsequent corrective actions [2][4]. Group 1: Incident Details - On July 25, the State Administration for Market Regulation announced that one batch of Taoli Bread's "Chunshu Sliced Bread" was found to have excessive total bacterial count [2]. - The affected batch was produced on April 25, 2024, with a shelf life until May 1, 2024, and was sold through an official e-commerce platform [2]. - As of July 29, the product was not found on Taoli Bread's official stores on Douyin and Tmall, although it remained available through unofficial sellers [2]. Group 2: Company Response - Taoli Bread's official stated that the inspection of the affected product batch occurred last year, and the production facility has since been inspected and found compliant with standards [4]. - The company has issued an apology and outlined corrective measures, including product recall, compensation procedures, and enhanced quality control during the delivery process [4]. - The Taian factory has submitted 46 similar product batches for testing, all of which have passed [4]. Group 3: Company Background and Financial Performance - Taoli Bread, originally established as Shenyang Taoli Food Co., Ltd. in January 1997, specializes in the production and sale of baked goods, including seasonal products [6]. - The company was listed on the Shanghai Stock Exchange on December 22, 2015 [6]. - According to the latest financial report, Taoli Bread's revenue for the first quarter has decreased by 14.20% year-on-year to 1.201 billion yuan, while net profit attributable to shareholders has dropped by 27.07% to 84.0372 million yuan [6].

Market Overview - The leisure food sector experienced a decline of 1.22% on July 29, with Yanjinpuzi leading the drop [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Individual Stock Performance - Huangshanghuang (002695) saw a price increase of 3.25%, closing at 13.35, with a trading volume of 127,700 shares and a turnover of 167 million yuan [1] - Yanjinpuzi (002847) reported a significant decline of 6.22%, closing at 69.69, with a trading volume of 50,100 shares and a turnover of 355 million yuan [2] - Other notable declines included Maquuer (002719) down 2.61% and Lihigh Food (300973) down 2.18% [2] Capital Flow Analysis - The leisure food sector saw a net outflow of 173 million yuan from institutional investors, while retail investors experienced a net inflow of 212 million yuan [2] - The capital flow for individual stocks showed varied trends, with Lihigh Food receiving a net inflow of 9.36 million yuan from institutional investors [3] - Conversely, Yanjinpuzi experienced a net outflow of 3.56 million yuan from institutional investors [3]

Core Insights - The Chinese consumer market is transitioning from scale expansion to value cultivation, with a growing demand for "high-quality cost-effectiveness" driving the baking industry into a period of refinement [1] - Taoli Bread leverages 30 years of experience and supply chain capabilities to create a full-chain advantage from raw material procurement to logistics, ensuring product quality while providing high cost-effective options [1] Supply Chain "Hard Power": Efficient Production and Quality Control - High cost-effectiveness does not equate to low quality; the competition in short-shelf-life bread is fundamentally about balancing efficiency and quality [2] - Taoli Bread employs modern production equipment and technologies such as AI, IoT, and robotics to achieve deep integration of information and industrialization, ensuring a clean and pollution-free production process [2] - Strict quality control measures are implemented across seven key production processes, enhancing product quality stability and significantly improving production efficiency [2][4] Logistics and Channels: Racing Against Time with "Short Shelf-Life Secrets" - With a shelf life of typically 15 days or less, the time from production to shelf must be measured in hours; Taoli Bread's strategy includes a national layout and grid-based distribution [5] - The company operates over 20 production bases nationwide, ensuring local production and delivery, and employs a dual logistics model of self-built and third-party logistics [5] - Taoli Bread aims for "daily fresh delivery" and utilizes a PDA logistics data collection system for visual tracking and management of the entire delivery process [5] Channel Network Layout - Taoli Bread has established a comprehensive channel ecosystem with "deep offline penetration + multi-dimensional online collaboration," covering over 300,000 retail terminals [7] - The company utilizes e-commerce platforms and content-driven platforms like Douyin and Xiaohongshu to create a traffic matrix, enhancing consumer engagement and personalized recommendations [7] Consumer Insights and R&D Innovation: The "Soft Driving Force" of the Supply Chain - The ultimate goal of the supply chain is to meet consumer demands; Taoli Bread employs a "data-driven + flexible R&D" model to quickly translate market insights into product capabilities [8] - The company has set up a multi-dimensional feedback system to analyze consumer needs and has established communication channels for customer inquiries and complaints [8] - Taoli Bread has three R&D centers in Shanghai, Tianjin, and Shenyang, focusing on market demands and continuously optimizing product structures [9] Conclusion: The Essence of the Supply Chain is "Value Delivery" - Taoli Bread's supply chain practices illustrate that in the short-shelf-life baking industry, the supply chain should be viewed as a value engine rather than a cost center [10] - By integrating digital production, national layout for efficiency, and consumer insights for innovation, Taoli Bread transforms its supply chain into a competitive advantage, achieving coexistence of "high quality" and "high cost-effectiveness" [10] - As consumer demands for "freshness," "health," and "convenience" continue to rise, the competition in supply chain capabilities will become a critical differentiator in the industry [10]

证券代码：603866 证券简称：桃李面包 公告编号：2025-037 桃李面包股份有限公司 公司于近日收到公司控股股东及实际控制人吴学群先生的通知，吴学群先生 将其持有的本公司 65,000,000 股无限售条件流通股质押给中原信托有限公司， 相关手续已办理完成。具体事项如下。 | 股 | 是否 | | | | | | | | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 是否 | 是否 | | | | 占其所 | 占公司 | | | 东 | 为控 | 本次质押股 | | | 质押起 | 质押到 | | | | 融资 | | | | | 为限 | 补充 | | | 质权人 | 持股份 | 总股本 | | | 名 | 股股 | 数（股） | | | 始日 | 期日 | | | | 资金 | | | | | 售股 | 质押 | | | | 比例 | 比例 | | | 称 | 东 | | | | | | | | | 用途 | 1、本次股份质押基本情况 | 吴 | | | | | 2025 | 年 ...

Investment Rating - The report maintains a "Recommended" rating for the food and beverage industry, particularly highlighting opportunities in the liquor sector and food products [1] Core Insights - The liquor industry is undergoing extreme pressure testing, with a significant focus on inventory clearance and bottoming out of financial reports. The second quarter has shown weak demand due to seasonal factors and regulatory impacts, leading to a notable decline in sales and pricing pressures [5][10] - High-end liquor brands like Moutai are expected to maintain growth, while mid-tier brands face challenges with declining revenues and profits. The overall industry is in a deep clearance phase, with potential for recovery as regulations stabilize [5][12] - The consumer goods sector shows mixed performance, with snacks and beverages remaining strong, while other segments like frozen foods and chain restaurants face ongoing demand pressures [20][25] Summary by Sections 1. Liquor Sector - The liquor industry is experiencing extreme pressure, with weak demand in the second quarter and significant inventory levels. Major brands like Moutai and Wuliangye are expected to show modest growth, while others like Yanghe and Luzhou Laojiao are facing declines [5][11][12] - Moutai's revenue is projected to grow by 7% in Q2, while Wuliangye is expected to see a 1% increase. In contrast, brands like Yanghe and Luzhou Laojiao are forecasted to decline by 35% and 8% respectively [11][12] 2. Consumer Goods - The overall demand for consumer goods remains weak, but segments like snacks and beverages are performing well. For instance, East Peak is expected to see a 33% increase in revenue, while other snack brands are also showing positive trends [20][25] - The beverage sector is projected to see positive growth, with major brands like Qingdao Beer and Yanjing expected to report increases in revenue and profit [25][26] 3. Investment Recommendations - The report suggests focusing on high-performing stocks in the short term while considering long-term investments in liquor brands that are currently at their bottom. Brands like Moutai and Gujing are recommended for their lower risk profiles [7][8] - For consumer goods, companies like Anqi and East Peak are highlighted for their growth potential, while traditional dairy brands like Yili and Mengniu are suggested for a bundled investment approach [7][8]