根据中商产业研究院数据，2023年我国人均现制饮品消费频次22杯，2018-2023年CAGR为22.4%。预估 2024-2026年人均现制饮品消费频次维持22.4%CAGR增长，测算得出我国2026年现制饮品市场规模同比 增长有望达22%+。当前，茶饮行业门店数增速放缓，品牌数量呈现下降趋势，行业集中度提升，步入 成长期中后段。 供应链与产品力重塑竞争格局，头部品牌优势巩固 国金证券认为，头部品牌凭借供应链与产品优势，门店数量稳健增长，店效逐步修复；中小品牌则因供 应链优势不足，在成本和价格压力下逐步出清。 从价格段细分来看，高价段中，霸王茶姬凭借品牌力、产品高质量与加盟韧性，领先地位不断巩固，根 据久谦数据，2025年来，霸王茶姬门店数量持续增长，2025年Q4霸王茶姬门店数约7千家，同比增长 13%；中价段竞争最为激烈，后端效率与产品精准上新成为核心，2025年来，古茗凭借区域加密策略构 筑起密度与效率的护城河，辅以高频精准的产品创新，率先实现门店破万并稳居规模首位，茶百道和沪 上阿姨通过质效升级紧随其后；平价段，蜜雪冰城凭借价格优势与规模效应，护城河持续拓宽，2025年 蜜雪冰城门店数量突破4万家， ...

Core Viewpoint - The beverage industry is witnessing a surge in interest towards banana-based drinks, with major brands launching new products that highlight the fruit's versatility and appeal to a wide consumer base [6][10][24]. Group 1: Product Launches and Market Trends - Major brands like Mixue Ice City and Cha Yan Yue Se have recently introduced banana-flavored products, with Mixue launching three new banana drinks that quickly became top sellers in test stores [6][11][17]. - Other brands such as Luckin Coffee and 1点点 have also embraced banana in their offerings, indicating a broader trend across both tea and coffee sectors [19][22][24]. - The banana drink category is gaining traction, with products like banana lattes and banana milk gaining popularity due to their unique flavor profiles and nostalgic appeal [20][30]. Group 2: Consumer Appeal and Health Trends - Bananas are recognized for their high consumer acceptance and versatility, making them suitable for various beverage combinations, appealing to all age groups [28][30]. - The natural sweetness of bananas aligns with current health trends, allowing for reduced sugar content in drinks while still providing a satisfying flavor [35][41]. - The nutritional benefits of bananas, such as quick energy and satiety, enhance their appeal in meal replacement scenarios [35][37]. Group 3: Challenges and Industry Responses - Despite the growing popularity, banana beverages face challenges such as oxidation, flavor intensity, and quality control, which can affect consumer perception [42][43][46]. - The industry is exploring solutions like adding lemon juice to delay oxidation and using complementary flavors to balance sweetness [49][50]. - The stable supply chain and high recognition of bananas position them favorably in the beverage market, provided that brands can effectively address these challenges [51][52].

（编辑 丛可心） 证券日报网讯 1月23日，红旗连锁发布公告称，永辉超市于2026年1月16日至1月22日通过集中竞价及大 宗交易合计减持公司18，400，100股，占公司总股本1.35%，持股降至103，829，800股，占比7.63%。 ...

证券代码：002697 证券简称：红旗连锁 公告编号：2026-001 成都红旗连锁股份有限公司 股东关于减持公司股份触及1%整数倍的公告 持股5%以上的股东永辉超市股份有限公司保证向本公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 二、股东减持情况 | 1、股东股份减持情况 | | --- | | 股东名称 | 减持方式 | 减持期间 | 减持均价 | 减持股数 | 减持比例 | | --- | --- | --- | --- | --- | --- | | | | | （元） | （股） | （%） | | 永辉超市 | 集中竞价 | 2026-1-16至 2026-1-22 | 6.26 | 12,477,800 | 0.92 | | | 大宗交易 | 2026-1-19至 | 5.77 | 5,922,300 | 0.44 | | | | 2026-1-22 | | | | 注：减持股份来源为协议转让取得，减持价格区间为5.71-6.55元/股。 2、股东本次减持前后持股情况 成都红旗连锁股份有 ...

红旗连锁公告称，持股5%以上股东永辉超市于2026年1月16日至22日减持公司股份。其中，集中竞价减 持1247.78万股，占总股本0.92%；大宗交易减持592.23万股，占总股本0.44%；合计减持1840.01万股， 占总股本1.35%。本次权益变动后，永辉超市持股降至1.04亿股，占总股本比例由8.99%降至7.63%。永 辉超市减持计划已预披露，且未超计划数量，本次减持不会导致公司控制权变更。 ...

（来源：大象新闻） 开局之年拼经济，什么是当务之急？ 新年以来的两场国务院常务会议，都把扩大内需，作为重点。 当传统景区，仍在为游客数量绞尽脑汁时，胖东来、蜜雪冰城凭借自身流量，对"文旅"两字，进行重新定义。 它们的走红，对河南建设文旅强省，有何借鉴？ 大象新闻推出"豫观察"特别报道《消费增量在哪里》，今日推出第三篇《胖东来、蜜雪冰城的爆火，给传统景区上了一课丨豫观察》，一起关注。 胖东来的客流量，让多少景区羡慕 一个非旅游景点的客流量，超过了传统的旅游景区。 这事儿，胖东来做到了。 2026年元旦假期，许昌区域胖东来客流量累计接待近150万人次。 超过了全省接待游客人次前五景区的总和。 实际上，早在2023年，胖东来在全国爆火后，许昌的旅游市场，就已经跟着火了起来。 2023年元旦三天假期，许昌全市游客接待量，刚过40万人次，旅游收入不到一亿； 而到了2024年元旦，游客接待量增加到了将近200万人次； 旅游收入，超过13亿元。 其中，光胖东来自己的7家店，接待游客就将近100万人次。 大伙都知道，如果单纯买菜买日用品，肯定哪儿结账快去哪儿。 而胖东来如今每天人挤人，人们为啥还愿意去？ 本质上，是心态发生了 ...

1月22日，红旗连锁大宗交易成交464.73万股，成交额2653.61万元，占当日总成交额的9.19%，成交价5.71元，较市场收盘价 6.32元折价9.65%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交全额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2026-01-22 | 002697 | 红旗连锁 | 5.71 | 140.00 | | 799.40 机构专用 | 中信建投证券股份 | | | | | | | | | 有限公司福州东街 | | | | | | | | | 证券营业部 | | 2026-01-22 | 002697 | 红旗连锁 | 5.71 | 110.00 | | 628.10 机构专用 | 中信建投证券股份 | | | | | | | | | 有限公司福州东街 | | | | | | | | | 证券营业部 | | 2026-01-22 | 002697 | 红旗连锁 | 5.71 ...

Group 1 - On January 19, Hongqi Chain conducted a block trade of 1.275 million shares, with a total transaction value of 7.65 million yuan, accounting for 1.33% of the total transaction volume for the day [1] - The transaction price was 6 yuan per share, representing an 8.4% discount compared to the market closing price of 6.55 yuan [1] - The block trade involved multiple institutional buyers, with significant volumes traded through CITIC Securities and Huatai Securities [2]

Core Viewpoint - The founder of Wild Man Mr. Cui Jianwei believes that direct sales and franchising are not opposing concepts, citing the success of Mixue Ice City as an example [1][4]. Group 1: Direct Sales vs. Franchising - Wild Man initially operated only direct sales stores and began franchising in 2024, indicating a strategic shift [1][4]. - The rapid development of the tea beverage industry has led to the maturity of both brand owners and franchisees, suggesting a more collaborative environment [1][4]. - Successful brands like Mixue and Gu Ming serve as valuable lessons for others in the industry, demonstrating that franchising can be effective [1][4]. Group 2: Market Insights - The tea beverage market has numerous brands and listed companies, indicating a competitive landscape that fosters innovation and learning [1][4]. - The performance of Gu Ming post-IPO has been strong, with the founder expressing interest in purchasing its stock, highlighting investor confidence in the sector [1][4]. - The essence of success lies in the commitment of the team to excel in their business, rather than the choice between direct sales and franchising [1][4].

Core Insights - The beverage industry is experiencing a surge in interest towards banana-based products, with major brands like Mixue Ice City, Luckin Coffee, and Tea Yan Yue Se launching new banana drinks, indicating a trend shift in consumer preferences [1][2][4]. Group 1: Product Launches and Market Response - Mixue Ice City has introduced three banana drinks: Banana Milk, Banana Yogurt, and Banana Latte, promoting them with catchy slogans and marketing campaigns that have successfully attracted consumer attention [2][4]. - Tea Yan Yue Se has also tested two banana products, which quickly became top sellers in their test stores, showcasing the market potential for banana beverages [5][7]. - Other brands like Yake Yasi and 1 Point 1 have previously launched banana products, with Yake Yasi achieving sales of 100,000 cups in a month, further highlighting the growing popularity of banana in the beverage sector [7][9]. Group 2: Reasons for Increased Popularity - Bananas have a high national recognition and can easily pair with popular elements like cocoa and Thai tea, making them appealing across all age groups [11][13]. - The natural sweetness of bananas aligns with current health trends, allowing for reduced sugar content in drinks while still providing a sweet flavor [16][18]. - Brands are innovating to enhance the perceived value of banana drinks, moving away from the stereotype of being a cheap fruit by creating unique and premium offerings [20][21]. Group 3: Challenges and Solutions - Despite the rising trend, banana beverages face challenges such as oxidation, inconsistent quality, and strong flavors that may not appeal to all consumers [21][23]. - Solutions being explored include adding lemon juice to delay oxidation and using various flavor pairings to balance sweetness, which can enhance the overall taste experience [24][25]. - The beverage industry recognizes the need for stable supply chains and quality control to ensure consistent product offerings, which is crucial for the success of banana-based drinks [26][27].