Core Viewpoint - Honghui Fruits and Vegetables (603336.SH) reported a slight decline in revenue and a significant drop in net profit for 2024, indicating challenges in its core business segments [2] Financial Performance - The company achieved a revenue of 1.08 billion yuan in 2024, a year-on-year decrease of 0.52% [2] - The net profit attributable to shareholders was 18.30 million yuan, down 23.59% year-on-year [2] - Revenue from the fruit business segment decreased by 0.23%, while the edible oil segment saw a substantial decline of 45.83%, with a gross margin close to zero at 0.06% [2] - The food and meat trading segments experienced revenue growth of 0.36% and 10.76%, respectively, but both remained in a loss position with gross margins of -3.21% and -3.46% [2] Strategic Initiatives - The company plans to enhance cost control, optimize resource allocation, and improve operational efficiency to manage operational costs [2] - Honghui Fruits and Vegetables aims to focus on its core business while actively pursuing strategic transformation and business structure adjustments [3] - The company intends to accelerate capacity building in the food manufacturing sector and introduce high-value-added products like frozen hot pot ingredients [3] Market Adaptation - In response to the significant decline in the edible oil business, the company is closely monitoring market dynamics and competitors, adjusting business strategies, and optimizing product structures [3] - The company is exploring new sales channels and market opportunities to meet the diverse needs of consumers [3] Supply Chain Management - Cold chain storage is viewed as a critical measure to enhance supply chain stability and reduce losses, with ongoing investments in this area [3][4] - The company plans to increase investment in cold chain storage to improve scale and efficiency in line with business development needs [3] Risk Management - The company is strengthening agricultural risk management and disaster reduction efforts to enhance farmers' awareness and capabilities [4] - A diversified upstream supply network is being established to mitigate risks associated with local disasters affecting raw material supply [4]

登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：000039、299901 股票简称：中集集团、中集H代 公告编号：【CIMC】2025-052 2025年4月 第一节 重要提示 中国国际海运集装箱（集团）股份有限公司（以下简称"公司"或"本公司"，与其子公司合称"本集团"） 董事会、监事会及董事、监事、高级管理人员保证本季度报告内容的真实、准确、完整，不存在虚假记 载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 本公司负责人麦伯良先生（董事长）、主管会计工作负责人曾邗先生（副总裁兼财务总监（CFO））及 会计机构负责人徐兆颖女士（财务管理部总经理）声明：保证本季度报告中财务报告的真实、准确、完 整。 本报告中"报告期"或"本期"指2025年1月1日至2025年3月31日止的三个月。 本报告中的财务报表未经审计。 本报告中本公司的"境外上市外资股"亦称"H股"，"人民币普通股"亦称"A股"。 本报告涉及的未来计划、发展战略等前瞻性陈述，不构成本集团对投资者的实质承诺，敬请投资者对此 保持足够的风险认识，理解计划、预测与承诺之间的差异，注意投资风险。 第二节 公司基本情况 一、主要财务数据 ...

Core Viewpoint - Hanbell Precise Machinery reported a revenue of 3.674 billion yuan for 2024, a year-on-year decrease of 4.62%, and a net profit attributable to shareholders of 863 million yuan, a decrease of 0.28% year-on-year, primarily due to the downturn in the real estate market affecting demand for refrigeration compressors and photovoltaic vacuum pumps [1] Financial Performance - The gross margin for 2024 was 38.31%, down by 2.01 percentage points year-on-year, mainly due to a price war triggered by supply-demand mismatches in the photovoltaic industry [2] - The net profit margin improved to 23.53%, an increase of 1.02 percentage points year-on-year, reflecting effective cost control measures [2] - The operating expense ratio for 2024 was 11.34%, down by 3.08 percentage points year-on-year, with management expenses at 4.03% (up 0.19 percentage points), sales expenses at 3.84% (down 0.88 percentage points), and R&D expenses at 4.95% (down 0.76 percentage points) [2] Industry Outlook - The demand for refrigeration compressors is expected to benefit from growth in the cold chain logistics and heat pump industries, as well as equipment upgrades, despite pressure from the commercial central air conditioning market due to real estate adjustments [3] - The total demand for cold chain logistics in 2024 is projected to reach 365 million tons, a year-on-year increase of 4.3% [3] - The semiconductor vacuum pump market is seeing a trend towards domestic substitution, with the company increasing its marketing efforts in the domestic semiconductor industry and beginning bulk deliveries to recognized semiconductor manufacturers [3] Profit Forecast and Valuation - The company forecasts net profits attributable to shareholders for 2025-2027 to be 931 million yuan, 1.032 billion yuan, and 1.138 billion yuan, respectively, reflecting a downward adjustment due to unexpected pressures on commercial air conditioning and photovoltaic vacuum pumps [4] - The target price is set at 20.88 yuan, based on a 12 times price-to-earnings ratio for 2025, maintaining a "buy" rating [4]

转自：中国网 三只硬拳，能否打出一套威力十足的组合拳?4月24日，在郑州举办的2025河南冷链产业发展大会上，来 自农产品、食品工业、物流与采购三大行业的全省数百家企业汇聚一堂，共同探寻产业融合互促、三链 联动的发展密码。 三大行业代表在会上达成重要共识,将通过强化顶层协同，构建"农产品+食品工业+冷链物流"联合工作 机制，借助数字化技术驱动三大产业同步升级,拓展更多融合场景，力求推动本土优势农产品、食品在 国内外市场掀起新一轮"中原旋风"。 三大行协会长握手倡议，河南农货及食品打全国、奔全球 河南农产品在全国独占鳌头，河南食品制造更是称霸全国，那么河南的冷链物流呢?毫无疑问，它同样 处于全国同业的头部位置。河南省物流与采购联合会副会长兼秘书长李鹏介绍，河南是国内物流产业大 省。在冷链物流领域，全省已构建起以双汇、三全、思念等企业为引领，覆盖速冻食品、肉制品、乳制 品等全品类的产业矩阵。冷库容量超1300万吨，冷链装备制造、中欧冷链班列等新业态也在蓬勃兴起， 为"国人厨房"迈向"世界餐桌"筑牢了坚实根基。 中国食品工业协会副会长、河南现代食品产业联盟理事长陈振杰提到，近年来，河南冷链物流发展势头 强劲，冷库总 ...

让荔枝的"出山"之路不再艰难！ 顺丰无人机、无人车配送网络已覆盖广州荔枝的核心产区 打造出"荔枝专递"服务品牌，让千年荔乡焕发新活力 会上，广州市邮政管理局相关负责人在启动仪式上致辞指出，广州荔枝历史悠久、品质优异，是岭南的"金字招牌"。顺丰长年深耕农产品生鲜寄递，在物 流网络、冷链技术、产销对接等方面形成了独特优势，为广州荔枝"走出去"提供了高效、稳定的运输保障，打造出"荔枝专递"服务品牌，让千年荔乡焕发 新活力，为服务广州乡村振兴注入更强动力！ 顺丰集团副总裁、农特商经营部总经理谭靖华致辞：今天，我们正站在一个全新的历史起点。随着低空经济、冷链科技和数智化浪潮的兴起，顺丰正以新 质物流力重塑传统农产品的流通模式，让荔枝通过我们的立体化物流网络，成为国际市场上的一张闪亮"中国名片"。 近年来，随着广东农产品"12221"市场营销体系建设如火如荼，兼具历史悠久、底蕴深厚、种类丰富等众多广州荔枝脱颖而出，在顺丰的寄递量从2013年 的4+万票，到2023年的300+万票，开掘出量变到质变的"蜕变之路"。从引入冷源技术到升级专属包装，从发布"揽收-预处理-物流-配送"全产业链服务，到 打造"铁陆空"立体联运网络， ...

乐惠国际 20250428 摘要 • 乐汇国际 2024 年啤酒装备业务利润稳定在 9,600 万元左右，精酿鲜啤业 务虽亏损，但作为第二主业发展优秀，公司定位冷链短程保鲜鲜啤领域国 内领先，已建五家规模化工厂，预计 2025 年扭亏为盈。 • 公司对未来发展充满信心，装备板块保持稳定增长，鲜啤板块 2025 年一 季度已实现盈利，销售渠道表现优异，鲜啤销售在餐饮渠道下滑 20%- 30%的情况下逆势增长 60%。 • 现金流改善得益于项目执行质量提升、稳健经营策略、市场结构多元化以 及应收款的专人管理，有效控制经营风险。 • 2024 年鲜啤业务亏损超预期因重资产模式导致摊销折旧费用高，人员成 本刚性，但随着销售规模扩大，预计 2025 年通过直营转加盟、即饮渠道 增长 60%等措施实现盈利。 • 鲜啤市场占比虽低（<1%），但被认为是未来趋势，五大集团陆续推出鲜 啤产品，公司已建立领先的商业模式，技术和口感优势实现 30 公里内 90 天保质期。 Q&A • 公司坚持高端定价策略，鲜啤价格高于主流高端啤酒 50%-60%，已获市 场认可。2025 年经销商数量接近 300 个，较 2024 年显著增长，销 ...

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2025年4月25日，由中国物流与采购联合会冷链物流专业委员会（以下简称"中物联冷链委"）主办，上 海市物流协会冷链分会支持的"2025乳品冷链创新解决方案百人会议"在上海召开。此次会议旨在深入探 讨乳品冷链的技术创新、管理优化与成本控制，共谋行业发展新路径。 近年来，随着国家对冷链物流发展的高度重视，一系列支持政策相继出台，明确要求加快冷链物流基础 设施建设，提升服务质量，确保生鲜农产品和食品的消费安全。乳品冷链作为冷链物流的重要组成部 分，其健康发展对于保障乳品品质、满足消费者需求、推动乳品产业升级具有重要意义。基于此，本次 会议聚焦乳品冷链技术创新、管理优化、成本控制等核心议题，汇聚乳品生产企业、冷链物流企业、技 术装备企业等200余位企业代表参与，深入交流与研讨，凝聚共识，探索乳品冷链发展的新路径、新模 式。 本次会议得到了蒙牛、伊利、君乐宝、光明乳业、妙可蓝多、联合利华、雀巢、乐纯、燕塘乳业、卫岗 乳业、得益、飞鹤乳业、安得利、花花牛、富友联合、简爱、天润、吾岛牛奶、佳宝、皇氏乳业、澳德 物流、黑盾、顺新晖、新众亚、路凯、中舰智能、精创股份、比泽尔、锦辉冷链、昕海铭悦、上海领鲜 物流、G7易流、世权 ...

Industry Overview - The cold storage industry chain includes upstream equipment supply, midstream cold storage construction and operation, and downstream application fields such as food, pharmaceuticals, and chemicals [2] - The demand for cold chain logistics is continuously growing due to the rapid development of fresh e-commerce and pharmaceutical cold chains, providing a broad market space for low-temperature refrigeration equipment [4] Market Growth - In 2022, the sales revenue of China's low-temperature refrigeration equipment industry reached 657.58 billion yuan, with a compound annual growth rate of 4.0% from 2018 to 2022 [4] - By the end of 2023, China's total cold storage capacity is approximately 228 million cubic meters, representing a year-on-year growth of 8.6% [6] Regional Distribution - The East China, Central China, and North China regions have the largest cold storage capacities, with East China accounting for 39% of the total capacity [8] - The western regions have relatively less cold storage capacity, but cities like Chengdu and Chongqing have developed significant cold storage facilities [8] Cold Storage Classification - Cold storage is mainly classified into freezing warehouses (below -18°C), refrigerated warehouses (0-10°C), and constant temperature warehouses, with freezing warehouses making up 70% of the total [10] Competitive Landscape - The cold storage industry has a relatively low concentration, with the top 100 enterprises accounting for nearly 40% of the total capacity, indicating fierce competition among numerous companies [12] - Leading companies such as Shun'an Environment and Hanchong Precision occupy significant market positions with high revenue and profitability [12] Research Methodology - The research team utilized a combination of desktop research, quantitative surveys, and qualitative analysis to comprehensively analyze the cold storage industry's market capacity, industry chain, operational characteristics, profitability, and business models [14]

Core Viewpoint - The cold chain logistics industry is experiencing significant growth driven by increasing consumer awareness of food safety and supportive government policies, yet Haoxin Holdings (HXHX.US) is facing challenges in the capital market with declining performance since its IPO [1][9]. Industry Overview - The cold chain logistics market is expected to expand significantly, with the market size projected to reach 747 billion yuan by 2028 due to policy support and increasing demand for temperature-controlled transport services [6]. - The road freight market in China has shown strong growth, with the market size increasing from 5.2 trillion yuan in 2017 to 7.4 trillion yuan in 2023, and is expected to reach 11.8 trillion yuan by 2028 [8]. Company Performance - Haoxin Holdings reported a revenue of 26.66 million USD in 2023 and 9.33 million USD in the first half of 2024, reflecting a year-on-year decline of 7.9% and 9.3% respectively [2]. - The net profit for the same periods was 3.97 million USD and 1.22 million USD, showing a decline of 7.4% and 7.5% respectively [2]. - The company’s revenue primarily comes from the East China and South China regions, contributing over 70% of total revenue, with temperature-controlled truck services accounting for approximately 88.2% of sales [3]. Business Strategy - Haoxin Holdings is focusing on a "small but beautiful" strategy, aiming to concentrate on high-margin businesses while reducing lower-margin city delivery services, which has led to a significant drop in delivery frequency [5]. - The company is undergoing a transformation phase, which has resulted in a decline in performance, but it is preparing for future growth through fleet expansion, strategic acquisitions, and system upgrades [8][9]. Market Position - Despite the promising industry outlook, Haoxin Holdings is facing challenges such as a lack of major clients and limited brand influence, with its top three customers accounting for 37% and 25.2% of revenue in the first halves of 2023 and 2024 respectively [8]. - The company’s operational independence and reliance on a concentrated customer base pose risks to its long-term growth potential [8].