Group 1 - Cha Yan Yue Se announces its overseas expansion plan, starting with online retail in the North American market [1] - The company will launch six online stores on platforms such as Shopify, Amazon, TikTok, Walmart, Weee, and Yami, with over 40 products including snacks, tea sets, and cultural merchandise [1] - The brand emphasizes the need for a deeper understanding of the overseas market and aims for standardized product quality and services through online retail as a practical approach [1] Group 2 - Tianye Innovation Co., Ltd. and its chairman, Yao Jiuzhi, received disciplinary action from the Beijing Stock Exchange for financial reporting violations [2] - The company revised its profit figures significantly, with total profit adjusted from 34.08 million to 14.21 million, and net profit from 28.59 million to 9.65 million [2] - Tianye Innovation is a key supplier of raw juice for well-known tea brands such as Nayuki Tea and Mixue Ice Cream, providing a one-stop solution of "products + formulas + services" [2] Group 3 - Ba Wang Cha Ji plans to officially enter the Philippine market in August, opening three stores in the Metro Manila area [3] - The brand is currently hosting a pop-up event in the Philippines, allowing visitors to sample its popular Jasmine Green Milk Tea for free [3] Group 4 - Starbucks is working to eliminate the use of canola oil in its food offerings in the U.S. and will introduce avocado oil for cooking eggs [4] - The company is undergoing a brand transformation aimed at reversing declining sales by introducing healthier menu options [4] - Starbucks CEO Brian Niccol stated that the company will align its food offerings with U.S. government health priorities, which are focused on reducing the use of soybean and canola oils [4]

不久前，一则人事变动在户外运动行业溅起波澜。 安踏在全资收购德国户外品牌Jack Wolfskin（狼爪）后，宣布由原亚玛芬体育大中华区总裁姚剑担任狼爪品牌总裁，负责全球业务运营。 在掌管亚玛芬大中华区的5年里，姚剑已经证明了自身能力，加上曾任The North Face中国区总经理，以及在耐克工作超过10年等履历，让他掌印狼爪没有任 何争议，也足以证明安踏对于后者的重视。 但另一方面，姚剑离开后，接棒亚玛芬大中华区总经理一职的人选倒有些令人意外——原中乔体育CEO马磊。 一边是高端国际户外品牌集团，瞄准核心城市的中产阶级；一边是本土运动品牌，通过性价比主攻下沉市场，亚玛芬和中乔体育之间，差异巨大。 一进一出，释放了怎样的信号？ 从最初的亏损状态，到年营收超过50亿美元的上市公司，亚玛芬只花了5年时间。 在集团层面，亚玛芬成功度过了最艰难的「0到1」时期，无论是内部的团队建设、组织架构、经营模式，还是对外的渠道铺建、品牌形象打造等，都已经步 入稳定阶段。 具体到五个入华品牌，始祖鸟和萨洛蒙已经在市场立住了脚跟，成为近些年潮流时尚与专业户外运动都绕不开的品牌，也是集团内的营收顶梁柱；威尔胜则 乘着奥运会和Ten ...

贺雁峰（Elliott Hill）是真正的体育迷。 北京时间6月27日早间，他滔滔不绝地回味不久前的一场高尔夫比赛，主角是36岁的球员罗里·麦克罗伊（Rory McIlroy）。 "罗里竞逐大师赛冠军已经14年了，这将成就他职业生涯大满贯、高尔夫界的圣杯，只有另外5人曾实现过这一成就。他经历过长达十年的冠军荒，经历过 惊险刺激、经历过心碎时刻，经历过太多质疑。" "罗里打得如此激 进，这是比赛如此精彩的原因。他打出了别人不敢打的球，给其他选手施加压力……他只需要在18号洞推入一个5英尺的推杆，他上前 推杆，结果偏左偏出。" "罗里回到18号洞，第二杆距 离终点4英尺。这一次，他一杆推入正中央，罗里终于赢得了绿夹克！赢得了职业生涯大满贯！我们见证了高尔夫界最难忘 的一个周末。" 贺雁峰这次分享的特殊之处在于，是在耐克的2025财年投资者会议上，他第一次以CEO身份参与年报会议。 耐克高管讨论合作运动员的优秀表现不少见，但如此富有感情和细节、堪比现场解说的情形也不多见。几分钟前，CFO马修·弗兰德（Matthew Friend）汇 报了一组经营数据；另一边是八位分析师在线、准备好了问题询问管理层。 这不是一次无由 ...

Core Points - Luca de Meo, CEO of Renault Group, announced his resignation after five years to seek new challenges outside the automotive industry [2][6] - His departure introduces uncertainty regarding Renault's future revival efforts, including electric transformation and the restructuring of the Alpine brand [2][7] - Renault Group is in the process of searching for a new CEO, considering both internal promotions and external hires [2][10] Group 1: Background and Achievements - Under de Meo's leadership, Renault Group transitioned from a period of crisis to recovery, restoring a healthy growth foundation and impressive product lineup [3][4] - De Meo was appointed CEO in July 2020 during a time when Renault faced significant challenges, including a €1.41 billion loss in 2019 and a net loss of €8 billion in 2020 [3][4] - He launched the "Renaulution" five-year strategic plan in January 2021, shifting the focus from sales volume to value creation [4][5] Group 2: Financial Performance - Renault Group's financial performance improved significantly, with a net loss reduced to €354 million in 2022 and a net profit of €2.198 billion in 2023 [5] - By the end of 2024, the automotive net financial position reached €7.1 billion, nearly doubling from the previous year, driven by the performance of Renault, Dacia, and Alpine brands [5] Group 3: Future Challenges - De Meo's departure raises concerns about the continuity of Renault's strategic initiatives, particularly in electric vehicle development and partnerships in China [7][9] - The new CEO will face challenges in maintaining the momentum of the "Renaulution" strategy and managing the relationship with Nissan, which has seen improvements under de Meo [8][9] - Potential candidates for the CEO position include internal executive Denis Le Vot and external candidate Carlos Tavares from Stellantis [10][11]

本报记者 郭阳琛 石英婧 上海报道 这几年，合资车企的日子并不好过，战略性收缩成为主旋律。 6月19日，针对市场"江铃福特将并入长安福特"的传闻，江铃汽车（000550.SZ）发布声明称，作为上市 公司，江铃汽车目前没有资产重组整合的相关计划。江铃汽车证券部工作人员也向《中国经营报》记者 强调："我们公司发布了一个辟谣声明，相关内容以该声明为准。" 福特中国相关方面进一步向记者表示，打造一个健康、充满活力和可持续发展的销售服务网络，是福特 在中国长期战略的核心。福特一直在与合资伙伴和经销商伙伴一起努力，不断提高运营效率和跨网络的 协同作用，从而提升企业和经销商的整体盈利能力。 财报数据显示，2024年，福特汽车在中国市场实现约6亿美元（约合44.09亿元人民币）的净利润，这也 是过去7年来首次在华实现盈利。 "如果说以前的福特中国在急救室，现在还在ICU。智能化、新能源一定是大的发展趋势，福特没必要 闭门造车，会和中国产业链一同去开发未来的产品。"福特汽车全球副总裁、福特中国总裁吴胜波在今 年年初表示。 江铃、福特双方否认合并传闻 6月18日，有媒体发布消息称，江铃福特将被并入长安福特体系之下，进行资源整合， ...

这几年，合资车企的日子并不好过，战略性收缩成为主旋律。 6月19日，针对市场"江铃福特将并入长安福特"的传闻，江铃汽车（000550.SZ）发布声明称，作为上市 公司，江铃汽车目前没有资产重组整合的相关计划。江铃汽车证券部工作人员也向《中国经营报》记者 强调："我们公司发布了一个辟谣声明，相关内容以该声明为准。" 福特中国相关方面进一步向记者表示，打造一个健康、充满活力和可持续发展的销售服务网络，是福特 在中国长期战略的核心。福特一直在与合资伙伴和经销商伙伴一起努力，不断提高运营效率和跨网络的 协同作用，从而提升企业和经销商的整体盈利能力。 财报数据显示，2024年，福特汽车在中国市场实现约6亿美元（约合44.09亿元人民币）的净利润，这也 是过去7年来首次在华实现盈利。 记者梳理发现，早在1995年，江铃汽车便与福特汽车开始合作生产轻型客车全顺，是中国第一款中外联 合开发的产品。1995年9月和1998年11月，江铃汽车共计增发3.44亿股B股，福特汽车成为江铃汽车的股 东。财报数据显示，截至2024年，福特汽车持有江铃汽车32%的股份，是公司第二大股东。 过去20年，江铃汽车一直在加码与福特汽车的合作。2 ...

■从至暗时刻到重返巅峰 雷诺集团董事长让-多米尼克・塞纳德强调："五年来，卢卡・德·梅奥致力于让雷诺集团重回正轨。在他的领导下，公司恢复了健康的发展基础，拥 有令人瞩目的产品阵容，并重新实现增长。" 就在五年前，也就是2020年1月底，雷诺集团董事会宣布，任命卢卡・德·梅奥为集团CEO，该任命于2020年7月1日起生效。这一任命的背后，是雷诺 亟需摆脱困境。当时的雷诺刚刚经历了与日产的激烈"宫斗"，元气大伤，并在2019年出现了十年来的首次年度亏损，亏损额为1.41亿欧元，远低于2018年 的净利润33亿欧元。日产同样出现巨亏。在这种情况下，雷诺和日产均火速完成了新旧掌门人的更迭，日产方面由内田诚接替西川广人，雷诺方面则挖角 大众集团，由时任大众集团旗下西雅特品牌全球总裁卢卡・德·梅奥，接替了戈恩的追随者博洛雷担任CEO，也是雷诺历史上首位外籍CEO。 在执掌雷诺集团5年后，卢卡・德·梅奥（Luca de Meo）决定卸任，以"寻求汽车行业以外的新挑战"。近日，雷诺集团召开董事会，对卢卡・德·梅奥 带领雷诺集团实现转型及重振表示感谢，并同意其于2025年7月15日正式离职。 另据法国《费加罗报》、英国《金融时 ...

从"韦尔"到"豪威"，这家千亿市值的芯片巨头，究竟在筹划 一盘怎样的棋局？ 作者：郑晨烨 封图：图虫创意 2025年6月11日，上海韦尔半导体股份有限公司（603501.SH，下称"韦尔股份"）发布了其2024年 年度股东大会决议公告。公告显示，在6月10日召开的股东大会上，《关于变更公司名称及证券简 称的议案》获得了出席会议股东99.9035%的压倒性同意票。 这意味着，这家以半导体分销业务起家、市值曾一度突破4000亿元的芯片巨头，即将正式告别在A 股市场使用了八年之久的"韦尔股份"之名，转而更名为"豪威集团"，全称则为"豪威集成电路（集 团）股份有限公司"。 然而，在近乎全票通过的数字背后，亦有股东表达了自己的"不适应"。一位在二级市场长期持有韦 尔股份的投资者这样向经济观察报记者表达他的不解与遗憾："我始终认为'韦尔'这两个字，在A股 市场已经是一个极具知名度的品牌，这是公司的一项无形资产，大家一提到A股的半导体龙头，首 先想到的就是韦尔。我就是想不通，为什么要把这个名字换掉？" 根据韦尔股份2024年年度报告，其业务结构已发生根本性转变，报告期内，该公司实现主营业务 收入256.70亿元，其中半导体 ...

经济观察报记者 郑晨烨 2025年6月11日，上海韦尔半导体股份有限公司（603501.SH，下称"韦尔股份"）发布了其2024年年度股东大会决议公告。公告显示，在6月10日召开的股东 大会上，《关于变更公司名称及证券简称的议案》获得了出席会议股东99.9035%的压倒性同意票。 这意味着，这家以半导体分销业务起家、市值曾一度突破4000亿元的芯片巨头，即将正式告别在A股市场使用了八年之久的"韦尔股份"之名，转而更名 为"豪威集团"，全称则为"豪威集成电路（集团）股份有限公司"。 然而，在近乎全票通过的数字背后，亦有股东表达了自己的"不适应"。一位在二级市场长期持有韦尔股份的投资者这样向经济观察报记者表达他的不解与遗 憾："我始终认为'韦尔'这两个字，在A股市场已经是一个极具知名度的品牌，这是公司的一项无形资产，大家一提到A股的半导体龙头，首先想到的就是韦 尔。我就是想不通，为什么要把这个名字换掉？" 这位股东的困惑，代表了市场对此次更名最直观的疑问。但对韦尔股份而言，从"韦尔"到"豪威"，这家千亿市值的芯片巨头，究竟在筹划一盘怎样的棋局？ 从"韦尔"到"豪威" 当一家公司决定放弃一个广为人知的名字时，其背后 ...

Financial Data and Key Metrics Changes - The company is on track to deliver over 8% adjusted operating income growth for the year, which is a fundamental part of its long-term algorithm [15][16] - Franchise profitability for Tim Hortons exceeded $300,000 annually per unit last year, increasing by $25,000 [70] Business Line Data and Key Metrics Changes - The acquisition of Carrols was a significant step for the Burger King brand, aimed at changing the franchise landscape to more local owner-operators [9] - The company has taken over its Burger King business in China, which had been struggling, and is now focused on improving operations and ramping up advertising [10][11] Market Data and Key Metrics Changes - In the U.S., stable employment levels are seen as a positive driver for QSR usage, while Canada has experienced a slight uptick in unemployment, presenting a tougher environment [30][31] - The company sees stabilization in consumer spending in China, with plans to open 300 restaurants there as part of its growth strategy [38][39] Company Strategy and Development Direction - The company aims to build compelling business models for franchise partners globally, focusing on sustainable unit economics [18] - The strategy includes refranchising Carol's restaurants and Burger King China to local operators, simplifying the business model over time [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about addressing fundamental challenges in the business, including turning around the Burger King brand and improving operations in China [16][17] - The management believes that the investments made will yield high returns and strengthen the business foundation by 2028-2029 [21] Other Important Information - The company has added a new segment called Restaurant Holdings, which includes Carol's, Popeyes China, and Firehouse Brazil, to provide clearer financial disclosure [20] - The company plans to maintain a high level of capital expenditures in 2025 and 2026, with expectations to stabilize around $300 million thereafter [25][27] Q&A Session Summary Question: What has changed in the past year for Restaurant Brands International? - Management highlighted the acquisition of Carrols and taking over Burger King in China as significant changes [9][10] Question: What are the top three takeaways for investors? - The company is on track for 8% adjusted operating income growth, addressing fundamental challenges, and building sustainable business models for franchisees [15][16][18] Question: What is the path to improve ROIC? - The focus is on refranchising Carol's and Burger King China, with a long-term view of simplifying the business model [24][25] Question: How is the macro environment affecting different markets? - The U.S. shows stable employment, while Canada faces challenges; China is stabilizing, and Western Europe has mixed performance [30][31][33] Question: How is Tim Hortons performing in Canada? - Tim Hortons has maintained strong performance due to its value proposition, despite macro challenges [35][36] Question: What is the strategy for Popeyes in China? - The company is optimistic about Popeyes in China, focusing on building a strong local management team and improving operations [41][42] Question: How does the company manage coffee price pressures? - The company hedges coffee prices by buying forward, which helps mitigate volatility, and coffee costs represent a small portion of COGS [70][71][72] Question: What is the outlook for Tim Hortons' same-store sales growth? - Management expects continued outperformance beyond the long-term algorithm of 2% due to consistent improvements in product quality and service [76][80]