Core Insights - The competition between leading companies in the yellow wine industry has intensified recently, particularly between Kuaijishan and Guyue Longshan [1] - Kuaijishan's stock price reached a historical high, with its market capitalization surpassing 10 billion yuan, overtaking Guyue Longshan [2] Company Performance - Guyue Longshan's sales expenses for 2024 were 252.23 million yuan, a slight increase of 2.23% from 2023, with advertising and promotional expenses decreasing to 57.22 million yuan, down approximately 1.7 million yuan from the previous year [4][5] - In contrast, Kuaijishan's sales expenses for 2024 amounted to 332 million yuan, a significant increase of 60.25% from 2023, with advertising and promotional expenses doubling to 162 million yuan [6][8] Market Strategy - Guyue Longshan's general manager acknowledged the need for improved market strategy flexibility compared to Kuaijishan's more agile private mechanism [3] - Guyue Longshan plans to focus on product optimization, high-end technology, and a differentiated product strategy to regain market share, particularly in the Zhejiang region where it has been losing ground to Kuaijishan [11][17] Sales Performance - Kuaijishan's sales revenue in the Zhejiang region for 2024 reached 983 million yuan, a year-on-year increase of approximately 130 million yuan, accounting for 62.1% of its total sales [12] - Guyue Longshan's sales revenue in the same region was only 534 million yuan, with a modest growth of 34 million yuan, representing just 28.02% of its total sales [14] Online Sales Growth - Kuaijishan's online sales of mid-to-high-end yellow wine reached 173 million yuan in 2024, a year-on-year growth of 89.74%, with a gross margin of 58.1% [9] - Guyue Longshan's online sales for mid-to-high-end and regular wines totaled 267 million yuan, reflecting a growth of 35.16%, which is lower than Kuaijishan's growth rate [9] Young Consumer Market - Guyue Longshan is facing challenges in capturing the young consumer market, with its product offerings perceived as lacking impact compared to Kuaijishan's successful marketing strategies [17] - The company is attempting to enhance its appeal to younger consumers through innovative products and targeted marketing on social media platforms [17]

当地时间5月26日，法国农民举行抗议活动，旨在向政府施压，要求更有力地解决农民收入减少、过度 环保规定及市场竞争不公等问题。据悉，此次活动由法国农业工会联合会(FNSEA)和法国青年农民组织 (Jeunes Agriculteurs)发起。26日早晨，约有150到200辆拖拉机驶入巴黎市中心，抵达国民议会，导致周 边交通严重受阻，警方不得不部署警力维持秩序。 ...

Core Viewpoint - The release of "Three Kingdoms Fantasy Continent 2: Song of the Heroes" has faced a rapid decline in reputation within a week, despite a strong initial performance on the iOS free game chart [1][3]. Performance Summary - "Song of the Heroes" debuted at the top of the iOS free game chart but fell to 36th place by May 23, and briefly entered the Top 10 of the revenue chart before dropping out of the top 20 [3][5]. - The game's rating on TapTap plummeted to 5.3, with a significant number of one-star reviews, indicating a poor reception among players [3]. Comparison with Predecessor - The predecessor, "Three Kingdoms Fantasy Continent," launched in 2020 and consistently ranked in the top 10, ultimately generating over 10 billion in revenue, establishing itself as a phenomenon in the card game genre [5]. - In contrast, "Song of the Heroes" has struggled to maintain a competitive position, being compared unfavorably to lesser-known games [5]. Artistic and Gameplay Changes - The project team acknowledged the importance of art style in attracting players, noting that the original game's aesthetic successfully drew in a diverse user base [6]. - The sequel has undergone significant changes in art style, moving away from the previous aesthetic that appealed to many players, which may alienate existing fans while attempting to attract new ones [10][12]. Narrative and User Experience - The narrative approach in "Song of the Heroes" has been criticized for lacking depth and failing to engage players, with a focus on a "camera-like" character perspective that diminishes player involvement [10][12]. - The storyline has been described as superficial, with the game failing to effectively utilize the Three Kingdoms backdrop, leading to dissatisfaction among players [12]. Company Background and Future Outlook - Lingxi Interactive Entertainment, a subsidiary of Alibaba, has seen mixed results in its gaming ventures, with internal criticisms regarding its cultural alignment with Alibaba's broader goals [16][18]. - The company aims to become the third-largest game company in China within eight years, but the poor reception of "Song of the Heroes" poses significant challenges to achieving this goal [18].

自4月预售以来，深蓝S09获得了约1.7万个订单。邓承浩认为，预售订单的目的是指导生产爬坡。对品 牌而言，深蓝S09定位为深蓝品牌的旗舰产品，突围30万元级别市场，区别于深蓝现在做的15万元～30 万元区间的产品，需要承担起品牌向上的重任。 在更长远的产品规划上，深蓝汽车计划在2030年前构建"3纵3横"产品矩阵，"3纵"即轿车、SUV和硬 派，"3横"指紧凑型、中型和中大型。同时，深蓝汽车还将拓展海外市场，覆盖海外5大区域、90个国家 地区，打造两款月销超2万的全球产品。 中大型SUV市场陷激战。 "相较于去年上半年，目前车市的大六座SUV市场竞争确实激烈。按照规划，大六座SUV原是深蓝的第 三款产品，但是现在调到了第六款产品，产品推出时间偏晚，深蓝已经没有这一市场的定价权。如何在 这一红海市场取胜？深蓝需要在空间、舒适、安全、智能等维度，打造出更有竞争力的产品。"近日， 深蓝汽车CEO邓承浩在接受包括第一财经记者采访时如是说道。 实际上，从2024年开始，中大型SUV市场陆续涌入多款车型。乘联会数据显示，2024年，B级SUV、C 级SUV销量同比增速分别为36.2%、26.5%，成为当年乘用车销量增长的 ...

来源｜雷科技 算算时间，redmi的K80至尊版也是差不多到发布的时间了，虽然去年的K70至尊版是在7月发布的，按理来说K80至尊版应该也是差不多的时间。但是，今年 的情况显然有点不一样，联发科和高通的处理器大战白热化，纷纷提前了下一代旗舰芯片的发布时间，直接提前到了9月份。 换言之，如果K80至尊版不在7月份之前发布，那么就要面临发布仅两个月，新旗舰就要上线的尴尬情况了，所以早前就有消息称K80至尊版会提前到6月份 发布，留出更多的销售时间。 现在来看，这则传言很可能是真的，因为K80至尊版的不少核心配置已经曝光，同时备案信息也已经公开，这意味着这款手机已经进入量产阶段，即将上市 发布。现在唯一的悬念可能就是能否赶上618的尾班车，给米粉们一个惊喜了。 狂暴堆料，最强Redmi"至尊版"？ 从网上曝光的信息来看，K80至尊版将搭载天玑9400+，也是目前天玑系列的最强芯片。这个基本上是没有争议的，因为前几代至尊版都是如此，除了早就 知道结果的芯片外，最关键的还是屏幕等方面的配置。 而且还将搭载目前小米系最大容量的电池，额定值为7210毫安时，典型值为7400毫安时，比前代的K70至尊版多了1400毫安时，加 ...

Core Viewpoint - KFC is expanding its drive-thru service despite challenges in implementation, aiming to compete with rivals like McDonald's and local brands in a highly competitive fast-food market [17][22]. Group 1: Drive-Thru Service Challenges - Some KFC locations are not designed for efficient drive-thru service, leading to employees waiting outside to hand over orders, which complicates the process for both staff and customers [3][10][20]. - Customers often face issues with poorly designed drive-thru lanes, causing delays and confusion during the pick-up process [11][14][16]. - The drive-thru service has been described as "slow pick-up" due to various logistical challenges, including the need for customers to navigate complex parking and pick-up routes [10][14][22]. Group 2: Expansion of Drive-Thru Service - KFC's drive-thru service has evolved to a 2.0 version, which includes street-side pick-up options, and is set to expand to nearly 5,000 locations by the end of 2024 [18][19]. - Despite the challenges, KFC is committed to promoting the drive-thru service as a competitive advantage in the fast-food market, particularly against McDonald's and local competitors [22]. Group 3: Consumer Behavior and Market Position - The demand for drive-thru services in China is questioned, as many consumers do not prefer to eat in their cars, leading to low order volumes at some locations [21][22]. - KFC's strategy appears to be driven by the need to maintain market share in an increasingly competitive environment, where even small advantages are deemed valuable [22].

据比亚迪储能公众号发布，近日， 比亚迪储能再与西班牙公司Grenergy签署储能订单协议，将为Grenergy位于智利北部的阿塔卡马绿洲项 目第六期供应3.5GWh储能系统。 阿塔卡马绿洲项目 是全球最大的电化学储能项目之一， 横跨智利北部塔拉帕卡、安托法加斯塔和阿塔卡马地区的多个地点，经过扩容后，项 目总储能容量达11GWh， 总投资达23亿美元。 公开资料显示， 阿塔卡马绿洲项目1-3期项目容量为3GWh，均由 比亚迪储能供应储能系统产品。4-6期 项目容量预计达到8GWh，其中在 第4期项目中， Grenergy与 宁德时代达成合作， 宁德时代将向Grenergy提供1.25GWh的EnerX型集装箱电池储能系统。 此外，由 比亚迪配套的 沙特比沙2.6GWh电池储能项目、 Contour Global公司 智利基亚瓜（Quillagua）光储电站1.2GWh项目也在今年 先后并网运行。据 Contour Global透露，其正在塔拉帕卡大区建设 名为"Víctor Jara"的太阳能储能电厂，项目同样由比亚迪储能供货，预 计将于2025年下半年投入运行。 值得注意的是，随着新玩家的进入，全球储能市场竞 ...

以下文章来源于凤凰WEEKLY ，作者凯斯 凤凰WEEKLY . 有温度、有情感、有趣味的新媒体。 来源丨 凤凰WEEKLY（ID：phoenixweekly） 作者 丨凯斯 编辑 丨闫如意 图源丨Midjourney 最近，办公室唯一年轻人小K发现， 自己失去了喝魔爪的资格。 魔爪，就是那种长罐的、五颜六色的、一般和红牛与东鹏特饮"坐一桌"的功能性饮料。 而或许也就是由于这个原因，小K最近被互联网单方面通知，他服用该饮料的方式是错的： 魔爪，不应该开罐喝的，而是应该拿来泡大米饭的。 魔爪，"地雷系"指定饮品 魔爪泡饭，一种近期从日本传过来的"低卡轻脂捞饭"，制作方法极其简单：取一碗煮好的大米饭，抓一 大把五彩缤纷的薄荷糖，开一罐魔爪，最好是粉色包装那款的↓ 把糖洒在饭上、魔爪倒进饭里，搅拌均匀后，一碗标准的魔爪泡饭便完成了。 对小K而言，所谓功能性说白了就是提神。 尽管魔爪名字酷炫，罐身上的三道爪痕也很有个性，但在小K的办公桌上，这玩意儿充其量就是带了气泡 的冰美式。 拉开拉环，一口下肚，浓烈的班味儿就开始在胃里升腾。 吃起来的口感，援引日本那边制餐者的原话，大意为： "甜味和碳酸感在口中弹跳，一扫身心的疲 ...

Core Viewpoint - ST Tianrui's 2024 annual report indicates a decline in revenue and persistent net losses, despite a significant improvement in operating cash flow, highlighting challenges in market expansion and operational efficiency [1][2][4]. Financial Performance Summary - Revenue for 2024 was 851,122,143.12 CNY, a decrease of 16.33% from 1,017,212,385.17 CNY in 2023. The ecological protection and environmental governance sector saw a significant revenue drop of 46.45%, while the instrument manufacturing sector experienced a slight increase of 1.15% [2][3]. - Net profit attributable to shareholders was -97,318,864.53 CNY, showing a reduction in losses by 14.95% compared to -114,432,116.75 CNY in 2023. The losses were primarily due to substantial credit and asset impairment provisions [4][5]. Cost Management and R&D Investment - Sales expenses decreased by 8.76% to 191,282,704.27 CNY, indicating effective cost control measures. Management expenses also fell by 15.99% to 94,570,634.58 CNY, reflecting improved internal management efficiency [6][7]. - R&D expenses were reduced by 16.54% to 70,358,494.49 CNY, attributed to a decrease in R&D personnel. This reduction may impact the company's innovation capabilities and long-term growth [6][7]. Cash Flow Analysis - Operating cash flow improved significantly to 110,994,114.72 CNY from -202,352,290.56 CNY in the previous year, marking a 154.85% increase. This improvement was driven by reduced procurement expenditures in PPP projects [8][11]. - Investment cash flow was -21,524,032.63 CNY, a decline from 5,609,134.07 CNY in 2023, primarily due to fewer recoveries from short-term financial products [8][11]. - Financing cash flow was -243,930,537.23 CNY, a significant decrease from 26,624,650.47 CNY in the previous year, reflecting reduced bank loans and repayments [9][10][11]. Risk and Opportunity Analysis - The company faces risks related to PPP project receivables, which are sensitive to macroeconomic conditions and policy changes. Delays in payments could increase accounts receivable and pressure on cash flow [12]. - Intense competition in the domestic analytical instrument market poses a risk, with international players having advantages in technology and capital. The company needs to enhance R&D investment to improve product differentiation and market competitiveness [13]. - There is a risk of goodwill impairment due to acquisitions, which could affect current profits if the acquired companies do not perform well. The company must focus on post-merger integration to enhance profitability [14]. Overall Evaluation - ST Tianrui's significant improvement in operating cash flow indicates some success in cost control and cash recovery, but ongoing issues with net losses and declining revenue need to be addressed. The company must balance cost management with business development and increase R&D investment to strengthen its core competitiveness while monitoring risks associated with PPP projects, market competition, and goodwill impairment [15].

英国咨询公司JATO Dynamics的数据显示，4月比亚迪在欧洲28国的EV销量增长169%，达 到7231辆，首次超过美国特斯拉。欧盟对进口的中国产EV加征关税，但效果有限…… 英国咨询公司JATO Dynamics于5月22日发布数据称，4月比亚迪（BYD）在欧洲28国的纯 电动汽车（EV）销量首次超过了美国特斯拉。由于特斯拉首席执行官埃隆·马斯克的政治言论 引发了抵制运动，特斯拉的销售出现低迷，而比亚迪的销量大幅增长至上年4月的2.7倍。 比亚迪4月在欧洲的EV销量增长169%，达到7231辆，如果包括插电式混合动力车（PHV） 在内，则增长了359%。而专注于EV的特斯拉销量减少了49%，降至7165辆，两家企业的排 名首次发生逆转。比亚迪在欧洲首次进入销量前十名。 日本经济新闻（中文版：日经中文网）林英树 法兰克福报道 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 视频号推荐内容： 比亚迪计划在匈牙利建设EV组装工厂。面向欧洲启用自家公司专用的大型EV运输船，提升供 应能力。 JATO Dynamics公司的费利佩 ...