人民财讯11月20日电，近期，存储等核心元器件成本出现温和上涨，市场对终端厂商盈利能力保持担 忧。11月20日，联想集团表示，成本端变化增强了客户"前置采购"意愿，带动下游渠道积极补库；同 时，相较于行业平均水平，联想在供应链的灵活度与风险吸收能力具备显著优势，能够在需求变化和成 本波动中保持更高的响应效率与供给韧性。因此，联想对下半财年PC及ISG的"双位数增长"保持信心， 并将继续推动市占率提升。 ...

港交所和纳斯达克的敲钟声此起彼伏，中国新茶饮品牌在2025年上演了一场资本市场的集体狂欢。 2025年5月8日，一声清脆的敲钟声在港交所响起，沪上阿姨正式挂牌上市。这个起步于上海弄堂、主打血糯米奶茶的品牌，在资本的舞台上迎来了高光时 刻：开盘价较发行价上涨68%。 沪上阿姨的上市，是一场集中爆发的资本盛宴的延续。从2月的古茗登陆港交所，到3月的蜜雪冰城以"认购火爆1145倍"的姿态杀入资本市场，再到4月登 陆纳斯达克的霸王茶姬，成为中国首个美股上市的新茶饮品牌。短短四个月，四大头部品牌相继上市，2025年因此被行业称为"新茶饮IPO年"。 加上之前上市的奈雪、茶百道，中国新茶饮"六小龙"齐聚，不禁让人惊羡茶饮赛道的"造富神话"。然而，中国新茶饮赛道并未因此而止步，一些茶饮品牌 依然强势，而新品牌也在急速扩张，搅动市场风云。 在不久的将来，除了"六小龙"，哪些茶饮品牌还会登上资本市场呢？本文试图从门店数量、供应链管理等方面寻找答案。 门店规模是IPO的支撑 2025年，新茶饮行业的竞争格局已基本确定，门店数量成为品牌方阵划分的关键指标。 根据第三方机构"极海品牌监测"数据，目前蜜雪冰城以4.4万家门店的绝对优势 ...

Core Insights - The article emphasizes the transformation of supply chains from backend support to a key competitive advantage in the context of digital transformation and global competition [1] - It highlights the structural challenges faced by domestic companies, such as low efficiency, high costs, and slow response times, which hinder their ability to adapt to rapidly changing market demands [1] Group 1: Supply Chain Management Challenges - Six core pain points restrict the sustainable development of supply chains: strategic disconnection, fragmented processes, data silos, slow response times, uncontrolled costs, and vulnerability to risks [2] - Strategic disconnection occurs when supply chain planning does not align with corporate strategy, leading to a gap between strategy and operations [2] - Fragmented processes result in delays in information transfer and a disconnect between production plans and market demands, causing both inventory surplus and shortages [2] - Data silos hinder precise forecasting and real-time management due to the lack of a unified platform [2] - Slow response times to personalized demands and rapid product iterations can lead to missed market opportunities [2] - Uncontrolled costs arise from inadequate cost management mechanisms across procurement, warehousing, and logistics, resulting in high total supply chain costs [2] - Vulnerability to risks is exacerbated by the absence of a business continuity management system, making companies susceptible to disruptions [2] Group 2: Integrated Supply Chain (ISC) Solution - The ISC solution by Best Management Consulting focuses on a framework that integrates strategy, processes, organization, IT, and data to enhance supply chain competitiveness [3] - It aims to create an end-to-end, replicable, and upgradeable supply chain system by connecting all processes from order to reverse logistics [3] Group 3: Strategic Planning Layer - The solution involves developing a comprehensive supply chain strategy aligned with long-term corporate goals [4] - It includes designing specialized strategies for procurement, logistics, and inventory management [5] - Risk and resilience assessments are conducted to establish a business continuity management system [6] - Collaboration with R&D and marketing systems is emphasized for effective integration [7] Group 4: Process Design Layer - The solution optimizes the order management system to cover the entire order lifecycle [8] - It establishes a sales and operations planning (S&OP) system to enhance monthly production and sales coordination [9] - The manufacturing process is re-engineered to shift from push to pull production, increasing flexibility [10] - Logistics systems are planned to optimize transportation routes and implement multi-modal transport [11] - Reverse logistics processes are standardized for efficient returns and remanufacturing [12] Group 5: Business Operations Layer - The solution upgrades forecasting and planning modules using AI-driven models to improve accuracy [13] - It enhances procurement systems through supplier classification and digital platforms for transparency [14] - Manufacturing flexibility is improved with a one-flow production layout [15] - Smart warehousing systems are deployed to optimize inventory management [16] - Logistics costs and efficiency are improved through strategic planning [17] Group 6: Support and Sustainability Layer - The solution ensures alignment of supply chain organization and human resources with clear responsibilities [18] - A performance and incentive system is designed to link KPIs with employee performance [19] - IT system integration is prioritized for real-time data sharing and training [20] - Data governance mechanisms are established to ensure efficient data management [21] Group 7: Case Studies - The case of Mindray Medical highlights the restructuring of its forecasting system and S&OP mechanism, leading to improved operational efficiency and inventory management [22][23][24][25] - The case of Feihe Dairy illustrates the establishment of a supply chain system that supports rapid expansion and aligns with its fresh strategy, resulting in enhanced planning efficiency and inventory turnover [26][27][28][29][30][31][32][33][34][35][36] Conclusion - Supply chain optimization is a long-term strategic practice rather than a simple fix, and choosing the right partners is crucial for overcoming bottlenecks and achieving breakthroughs [37] - Best Management Consulting leverages over 20 years of industry experience to provide integrated supply chain solutions that enhance efficiency, cost advantages, and resilience [38]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002482 证券简称：广田集团 公告编号：2025-050 深圳广田集团股份有限公司 关于向全资子公司提供借款的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 深圳广田集团股份有限公司（以下简称"公司"）于2025年11月17日以通讯的方式召开了第六届董事会第 十三次会议，审议通过了《关于向全资子公司提供借款的议案》，具体情况公告如下： 一、对子公司提供借款情况概述 为保障公司全资子公司深圳广田供应链管理有限公司（以下简称"广田供应链"）业务发展的资金需求， 公司拟在不影响公司正常生产经营的情况下，使用自有资金向全资子公司广田供应链提供合计不超过 3,000万元额度的借款，借款期限两年，借款年化利率为中国人民银行同期贷款基准利率（以下简称"基 准利率"）。 根据《公司章程》《对外借款管理办法》的有关规定，本次借款事项在董事会审议权限范围内，无需提 交股东会审议。 本次公司向全资子公司广田供应链提供借款事项不涉及关联交易、重大资产重组，不会影响公司正常业 务开展和资金使用，不属于《深圳证券交易所 ...

Core Viewpoint - The global storage chip contract prices have experienced a rare nonlinear surge since Q2 2025, driven by the high demand for high-bandwidth memory (HBM) from AI accelerators like NVIDIA's H100, leading to a tightening supply of traditional PC DRAM and NAND [1][3][15] Supply Chain Dynamics - The demand for high-performance SSDs and HBM has led manufacturers to prioritize production for high-margin products, resulting in a squeeze on mid-to-low-end DDR and client SSD supplies, which in turn drives up spot and contract prices [3][7] - By 2025, the global DRAM market revenue is expected to exceed $200 billion, with HBM contributing over half of the profit growth despite accounting for less than 30% of the market [3][15] - Major manufacturers like Samsung, SK Hynix, and Micron are shifting their production capacity towards HBM and enterprise SSDs, leading to a significant reduction in traditional PC DRAM supply [3][6] Impact on PC Manufacturers - Consumer-oriented manufacturers such as Dell, HP, and Acer are particularly vulnerable to rising storage costs due to their high reliance on the consumer market, where price sensitivity is extreme [4][6] - The average selling price of global consumer PCs is projected to be around $620 in 2025, making it difficult for these manufacturers to pass on increased costs without risking a decline in sales [4][6] - Morgan Stanley's report indicates that Dell and HP are the most sensitive to storage price increases, with expected declines in PC gross margins by 2-4 percentage points in FY 2026 [4][6] Resilience of Lenovo and Apple - Lenovo and Apple are viewed as exceptions that may benefit from the storage price surge due to their strong customer bases and supply chain management capabilities [1][6][15] - Lenovo's market share exceeds 25%, with over 65% of its revenue coming from enterprise and government clients, allowing it to better absorb cost increases [8][10] - Apple maintains a dominant position in the high-end market, enabling it to quickly pass on costs to consumers, supported by long-term contracts with suppliers that ensure priority access to components [13][15] Long-term Outlook - The current surge in storage prices is expected to continue, potentially leading to a reshaping of the PC industry, with Lenovo and Apple likely to maintain or even expand their market shares during this period [15]

Core Viewpoint - China Supply Chain Industry (03708) has seen a significant stock price increase of 17.65%, reaching HKD 0.06, following the announcement of negotiations for leasing office space in Shenzhen, which is part of a strategic move to establish a mainland headquarters [1] Group 1: Strategic Developments - The company is in discussions with Shenzhen Huaqiang Cloud Industrial Park Management Co., Ltd. regarding the leasing of office space in Shenzhen [1] - Establishing a headquarters in mainland China is a key strategy for the company to deepen its business and enhance operational capabilities in one of the world's most dynamic economic regions [1] Group 2: Operational Focus - The office space will serve three main functions: 1. Supply Chain Management: To centralize and enhance end-to-end supply chain operations, improve efficiency, control costs, and strengthen collaboration with mainland partners [1] 2. Incubation Center: To foster innovation projects, strategic partnerships, and new business initiatives, leveraging Shenzhen's vibrant ecosystem [1] 3. Technology R&D: To establish a core research and development center aimed at driving long-term innovation and technological competitiveness [1] Group 3: Expected Outcomes - The board believes that concentrating these key functions in Shenzhen, a global technology innovation hub, will significantly enhance the company's market position, accelerate growth, and create sustainable long-term value for shareholders [1]

Core Viewpoint - China Supply Chain Industry (03708) shares surged nearly 20%, closing at 0.061 HKD with a trading volume of 5.15 million HKD, following the announcement of negotiations for office space leasing in Shenzhen [1] Group 1: Company Strategy - The company is in discussions with Shenzhen Huaqiang Cloud Industrial Park Management Co., Ltd. regarding leasing office space in the Huaqiang Cloud Industrial Park [1] - Establishing a headquarters in mainland China is a strategic move to deepen operations and expand capabilities in one of the world's most dynamic economic regions [1] - The office space will serve three main functions: 1. Supply Chain Management: To enhance end-to-end supply chain operations, improve efficiency, control costs, and strengthen collaboration with mainland partners [1] 2. Incubation Center: To foster innovation projects, strategic partnerships, and new business initiatives, leveraging Shenzhen's vibrant ecosystem [1] 3. Technology R&D: To establish a core R&D center aimed at driving long-term innovation and technological competitiveness [1] Group 2: Market Positioning - The board believes that concentrating these key functions in Shenzhen, a global technology innovation hub, will significantly enhance the company's market position, accelerate growth, and create sustainable long-term value for shareholders [1]

Core Insights - Liu Qiangdong, the founder and chairman of JD Group, showcased his culinary skills at the third JD wine tasting event, emphasizing the company's new business initiatives [2][4] - JD Group launched its fresh beverage brand "Qixian Coffee," aiming to provide a healthier coffee experience using fresh milk and plans to recruit partners nationwide [2][5] - JD Group introduced independent apps for JD Review, JD True Ranking, and JD Takeout, with a commitment to never commercialize JD Review, focusing on user experience and data-driven insights [4][7] Business Expansion - The launch of Qixian Coffee marks JD's strategic move into the coffee market, with plans to open 3 to 5 new stores weekly in Beijing, aiming for comprehensive coverage by year-end [2][5] - JD's new apps serve as both traffic and service entry points for consumers, enhancing the company's control over the food supply chain and ensuring product quality [5][6] - Liu Qiangdong's active involvement in promoting these new services reflects JD's commitment to enhancing the consumer experience in the food and beverage sector [4][8] Technology and Innovation - JD Review utilizes AI technology to analyze vast amounts of data on restaurants, hotels, and attractions, providing objective evaluations and rankings for consumers [6][7] - The company emphasizes that its review and ranking services will remain non-commercialized to ensure fairness and authenticity in consumer feedback [7][8] - JD's approach to integrating advanced technology into its business model aims to streamline operations and reduce costs in traditional industries [6][8]

Core Viewpoint - Zeyu Intelligent acknowledges that rising raw material prices may exert short-term pressure on profitability, but the company has established a multi-dimensional, normalized cost control and risk mitigation mechanism to address this challenge [1] Group 1: Cost Control Measures - The company aims to enhance cost control capabilities through optimized internal operations and centralized procurement to improve bargaining power and effectively reduce unit procurement costs [1] - Zeyu Intelligent is advancing product structure upgrades to increase the revenue share of high value-added and high-tech barrier products, using product premiums to offset the impact of rising raw material prices [1] - The company is optimizing supply chain management by expanding diversified and stable supply channels, and reducing raw material price volatility risks through long-term agreements and price locking [1] Group 2: Future Focus - Moving forward, the company will continue to focus on core business upgrades, leveraging technological barriers, product competitiveness, and efficient operational management to enhance resilience against market fluctuations and ensure long-term stable development [1]

Core Viewpoint - The company aims to enhance its operational efficiency and financial stability through various strategic measures, including asset optimization and supply chain management [2] Group 1: Financial Strategies - The company plans to improve liquidity by optimizing assets and actively managing the supply chain [2] - There is a focus on increasing the profitability of orders to enhance accounts receivable and inventory turnover efficiency [2] - The company intends to adjust its debt structure to lower the asset-liability ratio [2] Group 2: Operational Improvements - The company aims to increase the growth rate of inventory to boost cash flow from operating activities [2] - Diversification of financing channels is a priority to meet order delivery requirements and seize market opportunities [2]