这份首个基于消费者真实购买行为的大数据榜单，在揭示中国消费市场新格局的同时，也展现出令人惊喜的"河南现象"——在前1000的品牌中，河南省以10 个上榜品牌跻身内地省份第11位，其中德佑、白象、双汇等品牌更是稳居500强榜单阵营。 该榜单和指数由北京大学国家发展研究院、北京大学数字金融研究中心、中山大学商学院合作推出，由阿里巴巴淘天集团提供技术支持，今后将每季度更新 一次，更好展示我国品质消费的实时情况。 5月21日，"中国线上消费品牌指数"（CBI） 、"全球品牌中国线上500强榜单"（CBI500）和"线上品牌购买力指数"（BPI）发布。 | 全球品牌中国线上500强 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025年第一季度(前50名) | | | | | | | | | | 北京大学国家发展研究院编制 淘天集团技术支持 | | | | | | | | | | ▼ 综合评分由12项指标得分加权平均得出详见《中国线上消费品牌指数(2023~2025年)》 | | | | | | | | | | ...

从中证全指食品、饮料与烟草指数持仓的市场板块来看，上海证券交易所占比61.18%、深圳证券交易 所占比38.82%。 从中证全指食品、饮料与烟草指数持仓样本的行业来看，白酒占比46.70%、乳制品占比12.47%、调味 品与食用油占比12.08%、其他食品占比7.99%、软饮料占比6.64%、啤酒占比4.75%、休闲食品占比 4.09%、肉制品占比3.26%、葡萄酒及其他占比1.22%、黄酒占比0.81%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。遇临时调整时，当中证全指指数调整样本时，中证全指行业指数样 本随之进行相应调整。在样本公司有特殊事件发生，导致其行业归属发生变更时，将对中证全指行业指 数样本进行相应调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形 的处理，参照计算与维护细则处理。 据了解，为反映中证全指指数样本中不同行业公司证券的整体表现，为投资者提供分析工具，将中证全 指指数样本按中证行业分类 ...

Group 1: Company Strategy and Market Position - The company is advised to leverage its resources to develop pet meat products, but currently has no plans for this market [4] - The company aims to maintain a profit target exceeding 10 billion CNY this year, focusing on core business and enhancing competitiveness [4] - The company emphasizes a cash dividend policy to provide reasonable returns to shareholders while balancing financial leverage [4] Group 2: Market Trends and Consumer Behavior - Despite high per capita meat consumption in China, the company sees potential growth in the meat processing sector, which remains underdeveloped compared to developed countries [5] - The company plans to diversify its product offerings to meet varied consumer demands across different regions and demographics [5] Group 3: Financial Management and Performance - The company is committed to maintaining a healthy asset-liability status while managing financial costs effectively [4] - Recent fluctuations in quarterly performance are attributed to seasonal and market factors, but overall operations remain stable [6] - The acquisition of Smithfield provides a low-cost pork source, potentially mitigating the impact of pork price cycles on operations [6] Group 4: Governance and Decision-Making - Mr. Wanlong currently serves as a non-independent director on the company's board, contributing to decision-making processes [6]

在物联网、人工智能、大数据和云计算等技术迅猛发展的背景下，数字化转型已成为企业提升竞争力、 实现可持续发展的必由之路。作为中国肉类行业的龙头企业，双汇积极顺应时代潮流，通过数字化转型 不断优化管理流程、提升运营效率，实现了管理提质与业务增效的双重突破。 数字化成效显现：管理与业务双轮驱动 "汇工作" 平台助力下，双汇数字化转型短短半年便成效初显，数字化团队推动总部及一线工厂完成超 100项数字化实践，多项数字化基建落地。 在管理提质方面，双汇利用飞书打造统一协同办公平台，统一审批入口并优化线上流程，平均审批时长 下降40%；建立近400个知识库，实现跨部门知识共享；深入5家下属工厂推进30余项无纸化改造，并制 定标准化工厂操作手册在全集团推广。 业务增效方面，双汇推出禽业异常工单管理、三级风险排查、生鲜品燃动指标预警等高价值数字化实 践。基于飞书多维表格等搭建的 "异常信息反馈工单系统"，涵盖异常任务上报、跟进、流转通知及数 据分析全环节，累计收集工单1688条，解决1637条，解决率达96.9%，异常信息流转周期缩短至之前的 60%，效率大幅提升。目前，双汇已初步形成"管理提质 + 业务增效"的双轮驱动模式 ...

Core Viewpoint - The recent performance of the China Securities Dividend Low Volatility 100 Index and its associated ETF indicates a growing interest in stable dividend-paying stocks, particularly in the coal sector, amidst market volatility and changing economic policies [4][5]. Group 1: Index and ETF Performance - As of May 21, 2025, the China Securities Dividend Low Volatility 100 Index rose by 0.66%, with key stocks like Shaanxi Coal and China Shenhua showing significant gains of 4.90% and 2.86% respectively [3]. - The Dividend Low Volatility 100 ETF (159307) has seen a price increase of 0.57%, marking its third consecutive rise, with a latest price of 1.06 yuan [3]. - The ETF's trading volume reached 504.55 million yuan, with a turnover rate of 0.54% during the session [3]. Group 2: Market Sentiment and Investment Trends - Recent U.S. tariff policies have impacted market sentiment, leading investors to seek stable assets, particularly in the coal sector where inventory levels are decreasing and coal prices are stabilizing [4]. - Several state-owned coal enterprises have initiated share buybacks and asset injection plans, reflecting confidence in the coal industry's growth and stability [4]. Group 3: Fund Flows and Performance Metrics - The Dividend Low Volatility 100 ETF recorded a net inflow of 1,050.77 million yuan, with nine out of the last ten trading days showing positive net inflows totaling 2,189.61 million yuan [5]. - The ETF has achieved a 6.54% increase in net value over the past year, ranking first among comparable funds [6]. - The ETF's management fee is 0.15%, and its tracking error over the past two months is 0.032%, indicating strong performance relative to its benchmark [6]. Group 4: Top Holdings - As of April 30, 2025, the top ten weighted stocks in the index include Jizhong Energy, Daqin Railway, and Xiamen International Trade, collectively accounting for 19.66% of the index [7].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 32.88 CNY per share, based on a projected PE ratio of 24 times for 2025 [4][6][11]. Core Views - The company is expected to benefit from the release of efficiencies from its market-oriented professional reforms, with anticipated improvements in revenue and profitability in the upcoming quarters [4][10][11]. - The first quarter of 2025 showed a slight decline in total revenue and net profit, but the second quarter is expected to see marginal improvements due to ongoing reforms and inventory replenishment [10][11]. - The company is focusing on professional operations in its meat product business, enhancing market quality, and expanding new channels, which has already shown positive results in some areas [10][11]. Financial Performance Summary - The company's projected revenue for 2025 is 61.825 billion CNY, reflecting a 3.8% year-on-year growth, while the net profit is expected to be 4.730 billion CNY, a decrease of 5.2% compared to the previous year [5][10]. - The earnings per share (EPS) for 2025 is forecasted at 1.37 CNY, with subsequent years showing slight increases to 1.50 CNY in 2026 and 1.55 CNY in 2027 [4][11]. - The gross margin is expected to decline to 16.5% in 2025, while the net margin is projected to be 7.6% [5][10]. Market and Operational Insights - The company is implementing a sales system reform aimed at professional operations, which includes enhancing brand matrix and marketing for high-cost performance products [10][11]. - The company maintains a high dividend payout ratio, which is expected to provide a safety margin for investors, with a current dividend yield of 5.43% [10][11].

5月16日，第二十二届中国（漯河）食品博览会在漯河国际会展中心开幕。本届展会以"世界眼光、 中国经典、河南名品"为主题，吸引了1268家企业报名参展。 近年来，按照董事会"产业化、多元化、国际化、数字化"战略方针要求，双汇不断加强新品研发， 积极推动产品形态多元化、消费功能多元化、消费人群多元化和消费情景多元化，推动产品结构向肉蛋 奶菜粮结合转变，向一顿饭、一桌菜转变，推动产品进家庭、上餐桌。 万宏伟表示，作为漯河本土企业，多年来，双汇持续加大在科技创新、产品研发、品质管控等方面 的投入，建立有国家级企业技术中心和多个肉品研发创新平台，形成了从农田到餐桌的全产业链研发体 系，不断满足消费者日益多样化、个性化的消费需求，让双汇的产品走进千家万户。 站在新的发展起点，双汇将以此次食博会为契机，坚持创新驱动发展战略，加大在科技创新、产品 创新、商业模式创新和数字化创新方面的探索与实践，为漯河食品产业的繁荣发展，为中国食品工业的 进步贡献更多的双汇力量。 作为漯河食品产业的龙头企业，双汇在此次展会上的表现格外引人注目。据悉，本届食博会双汇展 厅面积136平方米，设置有4个展示模块，分别是美式产品展区、肉制品综合展区、 ...

Core Insights - The China (Luohe) Food Expo is recognized as a "barometer" for the food industry in China, showcasing new trends and technologies in food production [1] - The Chinese food industry has achieved a comprehensive leap in layout, with different regions specializing in various strengths, creating a new competitive model [1] - There is a notable shift in domestic food consumption patterns, with an increase in per capita spending on food and beverages, now accounting for 29.8% of total consumption [1] Group 1 - The Southeast coastal region is characterized by a concentration of technology and capital, while the central and western regions are driven by resources and policies [1] - New consumer demographics and characteristics are emerging, with plant-based and functional foods becoming significant growth engines in the food industry [1] Group 2 - The penetration rate of food sales is evolving, with a shift from offline to online channels, leading to new business models such as community group buying and live-streaming sales [2] - The food industry is in a critical period of transformation and innovation, requiring strong technological capabilities to drive development [2] - The overall strategic direction of the food industry is transitioning from a focus on safety to a focus on nutrition and health [2] Group 3 - New products were launched by well-known food companies, such as a longer version of the "Wang Zhong Wang" ham targeting young consumers and an intelligent beer dispensing machine [2] - Future trends indicate that deep processing of agricultural products will be a key area for rural revitalization, and the integration of food with medicine, culture, tourism, and the internet will drive innovation [2] - Food consumption scenarios are expected to expand from kitchens to living rooms and leisure areas, prompting continuous product innovation [2]

证券代码：000895 证券简称：双汇发展 公告编号：2025-18 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，河南双汇投资发展股份有限公司（以下 简称公司）定于 2025 年 5 月 22 日（星期四）15:25-16:55 参加在全景网举办的河 南辖区上市公司 2025 年投资者网上集体接待日活动，本次活动将采用网络远程 的方式举行，投资者可登录"全景•路演天下"（http://rs.p5w.net）参与本次互动 交流。 公司出席本次网上集体接待日活动的人员有：常务副总裁兼财务总监刘松涛 先生、副总裁兼董事会秘书张立文先生（如有特殊情况，参会人员将可能进行调 整），欢迎广大投资者积极参与。 特此公告。 河南双汇投资发展股份有限公司 2025 年 5 月 17 日 河南双汇投资发展股份有限公司 关于参加河南辖区上市公司 2025 年投资者网上集体接待日活动 的公告 董事会 ...

Core Viewpoint - The report highlights the financial performance of Shuanghui Development in Q1 2025, showcasing stable revenue amidst increased industry competition, with growth in fresh products and a decline in processed meat sales [2][3]. Financial Performance - The company achieved total operating revenue of 14.295 billion yuan and a net profit attributable to shareholders of 1.137 billion yuan in Q1 2025 [2]. - Fresh product revenue reached 7 billion yuan, a year-on-year increase of 6.1%, with operating profit of 120 million yuan, up 24.7% [3]. - Processed meat revenue was 5.58 billion yuan, down 17.8%, with operating profit of 1.48 billion yuan, down 21.7% [3]. Business Segments - The fresh product segment showed strong growth due to expanded customer base and sales channels, while the processed meat segment faced challenges from insufficient terminal consumption and inventory adjustments [3]. - The processed meat category includes a variety of products such as ham, sausages, and canned goods, catering to diverse consumer needs [3]. Sales Channels and Marketing - The company has established a comprehensive online and offline sales model, utilizing platforms like Tmall, JD.com, and Douyin for online sales, while offline sales are primarily through distributors [4]. - Innovative marketing strategies are being implemented, including participation in major retail and food industry events to promote a wide range of products [4]. Production and Cost Management - The company reported improvements in its pig and poultry farming operations, with a focus on reducing costs and enhancing management practices [5]. - The goal is to align farming costs with industry averages by Q4 2025 [5]. Future Outlook - The company anticipates that the profit per ton of processed meat will remain high in 2025, despite a projected decrease compared to 2024 [6][7]. - Strategies to boost processed meat sales include enhancing market operations, expanding customer networks, and increasing market investments [7].