对此，雀巢中国方面向北京商报记者回应称，"雀巢中国对此高度重视，中国市场少数产品可能受到影 响，截至目前，我们尚未收到与相关产品有关的任何不适报告。所有在中国大陆市场注册并销售的雀巢 特殊医学用途婴儿配方食品、超启能恩、启赋、S26铂臻等不受影响"。 北京商报讯(记者孔文燮)1月7日，北京商报记者注意到，日前雀巢中国官网发布"预防性自愿回收婴幼 儿配方奶粉"的公告，其中提到"出于高度谨慎考虑，雀巢中国自愿回收所有此次涉事的进口自欧洲、在 中国大陆跨境电商渠道销售的婴幼儿配方奶粉。所有在中国大陆跨境电商销售的雀巢能恩全护6HMO、 NAN Supreme、S26金装等不受影响，敬请放心食用"。此前，雀巢欧洲部分市场对婴幼儿配方奶粉产品 启动了预防性回收措施。 ...

新华社日内瓦1月6日电 总部位于瑞士的雀巢公司6日表示，已在全球31个国家和地区发布针对部分批次 婴幼儿配方奶粉产品的召回通知。 ...

Core Viewpoint - Nestlé has announced a precautionary recall of infant formula in several European countries due to quality issues with a specific ingredient provided by a supplier, although no adverse health reports have been received so far [1][6]. Group 1: Recall Details - The recall affects infant formula products in Germany, Austria, Denmark, Italy, and Sweden [1]. - Nestlé has conducted tests on potentially affected products, specifically focusing on arachidonic acid (ARA) oils and related mixtures [6]. - The company has communicated with relevant authorities in the affected countries to implement necessary measures [6]. Group 2: Response in China - Nestlé China has emphasized that food safety and quality are top priorities, stating that a few products in the Chinese market may be affected [7]. - As a precautionary measure, specific batches of infant formula have been recalled in China, but no adverse health reports have been received related to these products [7]. - All registered and sold special medical purpose infant formula products in mainland China, such as "超启能恩," "启赋," and "S26铂臻," are not affected by the recall [7]. Group 3: Product Information - The company has released images and batch numbers of the recalled products, which have different names in various countries [2][6]. - A detailed list of affected products includes various formulations of "BEBA Supreme" and "Wyeth" brands, with specific batch numbers and expiration dates provided [3][8][9].

近日，雀巢奶粉在欧洲多国召回引热议。1月7日，雀巢中国方面回应称，雀巢欧洲部分市场对婴幼儿配 方奶粉产品启动了预防性回收措施，雀巢中国对此高度重视，中国市场少数产品可能受到影响。作为预 防性举措，已经对部分特定批次的婴幼儿配方奶粉进行了回收。截至目前，尚未收到与相关产品有关的 任何不适报告。（中新经纬） ...

Core Viewpoint - Nestlé is conducting a precautionary recall of infant formula products in several European countries due to quality issues with a specific raw material supplied by a global supplier, which has raised concerns about potential impacts on the Chinese market [1][3]. Group 1: Recall Details - The recall affects four brands in China: Lidojing, Platinum Enfamil, Shuyi Enfamil, and Wyeth S-26, with a total of 30 batches being recalled [1][2]. - The specific batches and their expiration dates have been listed, indicating a range of products affected [1][2]. Group 2: Company Response - Nestlé China has stated that they are taking the situation seriously and have initiated a recall of specific batches as a precautionary measure [1][3]. - As of now, Nestlé China has not received any reports of adverse effects related to the recalled products [2][3]. Group 3: Quality Issue Background - The quality issue is linked to the presence of Cereulide, a toxin that can cause acute symptoms such as nausea and vomiting, and is resistant to high temperatures [3][4]. - Arachidonic acid (ARA), the raw material in question, is essential for infant health and is widely used in infant formula and dietary supplements [4][5]. Group 4: Financial Impact - The global recall represents less than 0.5% of Nestlé's annual sales, and the financial impact on the company is expected to be minimal [5][6]. - The proactive recall reflects Nestlé's commitment to consumer safety and responsibility, which is crucial for maintaining its reputation as a leading global food and nutrition company [5][6]. Group 5: Industry Implications - The incident highlights the necessity for domestic milk powder companies, such as Feihe, to accelerate the development of self-sufficient raw material production [6]. - The recall may pose challenges for Nestlé's brand reputation, especially in the Chinese market, where the company is undergoing a significant merger of its nutrition businesses [6].

Core Insights - Nestlé China has announced the merger of its Wyeth Nutrition and Nestlé Infant Nutrition businesses, effective January 1, 2026, to form a new Nestlé Nutrition business unit [1][2] - The restructuring aims to combine the strong brand influence of Wyeth's Enfa and S-26 with Nestlé's advantages in industry and channels for sustainable growth in a competitive market [2] Company Structure - The new leadership structure for the integrated infant nutrition business will be divided into three main functional areas: market development, sales and operations, and enabling functions [1] - Market development will have two independent teams responsible for the Enfa and Gerber brands from Nestlé and the Enfa and S-26 brands from Wyeth, led by Xu Zhen and Wang Ying respectively [1] Market Conditions - The infant formula market is facing challenges, with a growth rate of only 0.6% in Q2 2025, and a decline in marriage registrations in China by over 20% in 2024, indicating a decrease in newborns [3] - Market differentiation is intensifying, with leading companies like Yili, New Dihua, and FrieslandCampina expanding, while brands like Feihe are experiencing market share declines [4] Strategic Implications - The merger is expected to reduce internal redundancies and create synergies, which is crucial in a highly competitive market [5] - The infant nutrition business is seen as a cornerstone for Nestlé's performance in Greater China, especially as the region's organic growth rate was reported at -10.4% in Q3, continuing a downward trend from Q2 [5]

Company Restructuring - Nestlé China has announced the merger of its Wyeth Nutrition and Nestlé Infant Nutrition business units, effective January 1, 2026, forming a new Nestlé Nutrition business [1] - Joel Seah will lead the newly integrated Nestlé Nutrition team, which will be organized into three main functional areas: market development, sales and operations, and enabling functions [1] Market Dynamics - The infant formula market is facing challenges, with Nielsen IQ reporting a growth rate of only 0.6% in Q2 2025, and a decline in new births expected to weaken growth momentum [3] - The market is becoming increasingly fragmented, with leading companies like Yili, New Dairy Era, and FrieslandCampina expanding, while brands like Feihe are experiencing market share declines [4] Strategic Implications - The integration of the two business units is expected to reduce internal redundancies and create synergies, which is crucial in a highly competitive market [5] - The infant nutrition segment is seen as a cornerstone of Nestlé's performance in Greater China, especially as the region's organic growth rate fell by 10.4% in Q3 2025, continuing a downward trend [5]

Group 1 - "爷爷的农场" International Holdings Limited submitted an IPO application to the Hong Kong Stock Exchange, with a projected revenue of 622 million yuan in 2023 and 875 million yuan in 2024, indicating a strong growth trajectory in the organic baby food sector [1] - The company is ranked first in the Chinese organic baby food market, highlighting the robust potential of this niche industry [1] - The IPO is expected to enhance market recognition of the sector's value and attract long-term investment in the baby economy and consumer segments [1] Group 2 - Nestlé announced a precautionary recall of infant formula in several European countries due to quality issues with a supplier's ingredient, emphasizing the importance of supply chain quality control [2] - The recall may pose challenges to Nestlé's brand reputation and could lead to a reassessment of risk management capabilities within the dairy sector [2] - This incident may dampen overall sentiment in the consumer sector, prompting investors to focus more on companies' risk management and operational stability [2] Group 3 - Starbucks China and Atour Group launched a joint membership program, aiming to enhance user engagement and repurchase rates through cross-industry collaboration [3] - The membership program is expected to cover all levels of members, with Starbucks China reaching over 160 million members by November 2025 [3] - This partnership represents a significant innovation in the retail and service sectors, potentially setting a positive example for future collaborations [3] Group 4 - Chengdu Blue Wind Group, the parent company of brands like "春娟" and "红玫瑰," has an estimated valuation of 210 million yuan based on the transfer of shares [4] - The valuation reflects the current market pricing of established daily chemical companies, despite having well-known brands under its umbrella [4] - This situation may accelerate the revaluation of the daily chemical sector, directing attention towards companies with strong brand rejuvenation capabilities and core competitiveness [4]

（文章来源：中国新闻网） 雀巢公司还表示，目前尚未收到与该产品相关的确诊病例报告，但出于谨慎考虑，仍决定召回相关产 品。(完) 中新网1月6日电据BBC报道，因部分婴儿配方奶粉产品可能含有引发食物中毒的毒素，雀巢公司已发布 全球召回令。 雀巢公司表示，其特定批次的SMA婴儿配方奶粉及后续配方奶粉不适合喂养婴儿，这些批次产品销往 全球各地，或含有摄入后会引发恶心、呕吐症状的物质。 ...

Market Overview - Major market indexes are mixed in pre-market trading, with the Dow down 46 points, S&P 500 up 14 points, Nasdaq up 144 points, and Russell 2000 up 1 point [1] - Over the past month, the Dow and S&P 500 have increased by 1.2% and 0.55% respectively, while the Nasdaq has decreased by 0.7% and Russell 2000 is nearly flat at -0.02% [1] Upcoming Earnings - Q4 earnings season is set to begin next week with major banks like JPMorgan and Citigroup, along with early reporters such as Delta Air Lines [2] - These earnings reports will provide insights into the performance of the U.S. economy in the final quarter of 2025 [2] Employment Data - The first full week of the month is referred to as "Jobs Week," which will include monthly employment data from both private and overall non-farm sectors [3] - ADP's private-sector payrolls reported a loss of 32,000 jobs last month, the worst figure in nearly three years, with forecasts predicting a gain of 45,000 jobs for December [4][3] - The Job Openings and Labor Turnover Survey (JOLTS) will also be released, showing a recovery in job openings from summer lows, with October's openings at 7.67 million [5] - Weekly Jobless Claims report indicates a significant drop to 199,000, marking only the second time in two years that claims fell below 200,000 [6] - Continuing Claims have decreased to below 1.9 million, suggesting a perceived strength in the labor market despite notable layoffs at companies like Amazon and Nestlé [7] Employment Situation Report - The Employment Situation report on Friday is expected to show an unemployment rate of 4.7%, the highest since September 2021, with non-farm payrolls projected to increase by 54,000 for December [9][10] - A positive surprise in the employment data could be beneficial for the market, while a disappointing report may increase the likelihood of a Federal Reserve rate cut [10] Commodity Market - Oil prices are rising, along with gold and silver, as a hedge against risks to stock market equities, amid geopolitical tensions such as the U.S. invasion of Venezuela [11] - Bond yields remain stable, with the 10-year yield currently below 4.18% [11] Manufacturing Data - ISM Manufacturing numbers for December are expected to rise by 10 basis points to 48.3%, still indicating contraction as it remains below the 50 level [12] - ISM Services data is anticipated to reach 52.1%, reflecting growth in that sector [12]