成熟的商业模式+全链路整合能力背书，渠道、供应链、品牌三重壁垒构筑竞争优势。 1）渠道：公司采取轻资产加盟模式拓张门店，截至2025Q3，公司门店覆盖31 个省份，数量达到10761 家，门店数量规模领先同业。公司在"山河四省"有着较高的渗透率，70%以上门店分布在三线以上的高 线城市，线下门店网络的深度和广度仍可向新地区及下沉市场渗透；2）供应链：依托上游持续的产业 建设和产业投资，以及对冷链物流体系的持续优化，锅圈已布局7 家自有食品工厂，覆盖牛肉、滑类、 丸类、水产、火锅底料等核心品种，并实现了全国大部分门店的"次日达"物流网络，兼具工业化生产能 力和零售响应速度的双重优势；3）品牌：公司坚持场景化营销，绑定娱乐、社交、运动等新消费场景 建立品牌心智。线上以抖音为核心阵地，用"爆品套餐+达人种草+明星直播+全民共创"的组合拳引流消 费者到线下门店履约兑现，线下聚焦"情感共鸣价值"，通过会员日、社区节等多样化的活动，持续激活 会员，创造增量收入。截至2025 年11 月，公司会员数量突破6000 万。 机构：中泰证券 研究员：何长天/熊欣慰/赖思琪 深加工食材，为消费者提供餐食解决方案。锅圈2015 年在 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [3]. Core Insights - The company, Guoquan, is positioned as a leading one-stop brand for home dining products in China, focusing on providing diverse meal solutions [11]. - The market for home dining products is projected to grow significantly, with a CAGR of 22.81%, reaching a retail value of 940 billion yuan by 2027 [6][30]. - Guoquan's competitive advantages include a well-integrated supply chain, extensive community store network, and a high-engagement membership system, which are expected to drive both short-term and long-term growth [7]. Financial Projections - Revenue is forecasted to grow from 6.1 billion yuan in 2023 to 10.27 billion yuan in 2027, with year-on-year growth rates of 21%, 15%, and 14% respectively [3][7]. - Net profit is expected to increase from 240 million yuan in 2023 to 652 million yuan in 2027, reflecting a significant growth of 96%, 22%, and 19% in the respective years [3][7]. - Earnings per share (EPS) are projected to rise from 0.09 yuan in 2023 to 0.25 yuan in 2027 [3]. Business Model and Market Position - Guoquan operates a unique "community central kitchen" model, which combines food manufacturing and community retail, allowing for cost efficiency and high-quality product offerings [44]. - The company has established a robust store network, with over 10,761 stores across 31 provinces as of Q3 2025, positioning it as the largest one-stop home dining product retailer in China [47]. - The company has a market share of 3.0% in the home dining product sector, leading among competitors [34]. Growth Strategies - Guoquan plans to enhance its store performance through a dual approach of upgrading existing stores and expanding into rural markets, aiming to replicate its successful business model [7][39]. - The company is actively exploring new business formats, including outdoor dining and ready-to-eat meals, to capture additional market segments [7]. - Digital transformation initiatives are underway to improve operational efficiency and enhance customer engagement through data-driven decision-making [83]. Supply Chain and Logistics - The company has invested in seven proprietary food factories to ensure quality control and cost efficiency across its product range [66]. - A comprehensive cold chain logistics system supports the timely delivery of products to stores, enhancing customer satisfaction and operational reliability [70]. Marketing and Brand Strategy - Guoquan leverages celebrity endorsements and social media marketing to strengthen its brand presence and engage with consumers [72]. - The company has implemented a tiered membership system to enhance customer loyalty and increase repeat purchases [76].

在广州，另一种尝试正在进行。 一家海底捞"大排档火锅"店进入了内测阶段。这家店不太像传统的海底捞，走进去更像一个热闹的生鲜 市场。消费者可以自己走到档口前，挑选现场切好的牛肉、还在水池里活动的海鲜，选好的食材按不同 颜色的盘子区分价格。选完后，每人面前有一个小锅，自己涮煮。海底捞想做的，是把吃火锅变成一种 可以"逛"和"选"的体验，让消费者感受到更多市井的烟火气和参与感。 这份全员创新意识、敢于冒险的精神，让海底捞于财经网主办的2025年度新消费·新经济评选中，荣 膺"年度行业影响力品牌"的殊荣。 供应链扎实、店型足够新颖，今年在杭州开出的"如鮨寿司"就是一个例子。这家看起来和海底捞火锅没 什么关系的新店，内核里有不少熟悉的影子。 店里超过200种菜品，核心的挪威三文鱼是通过海底捞的冷链系统整条运到店里，现场切开制作。点餐 是用桌边的电子屏，做好的寿司会通过传送带直接送到面前。这种效率和体验感的结合，让这家店在周 末高峰时段的翻台率能达到9轮以上——""如鮨寿司"门店内设有适于1-2人用餐的卡座，以及4人、6人 餐桌，同时还配备三间独立包间，可满足不同人数的用餐需求，兼顾私密性与灵活性。 在不少城市的商场里， ...

Core Insights - The article highlights the rapid growth and innovation of Veolia Water Technologies (Wuxi) Co., Ltd., emphasizing its role as a key strategic production base in China and its unique capabilities in intelligent manufacturing and green development [1] Localization and Capacity Enhancement - The company achieved localized production of submerged ultrafiltration products in less than six months, a significant improvement in speed compared to previous efforts [2] - The Wuxi factory has optimized its layout to achieve double-digit annual capacity growth without increasing its physical footprint, with approximately 30% of its production currently exported globally [2] Intelligent Production Efficiency - The Wuxi factory has implemented highly automated production processes, achieving an annual output of over 300,000 units, leading the industry in production efficiency [3] - As the sole global production base for Veolia's E-Cell (EDI module), the factory has continuously invested in smart manufacturing since 2015, automating key production processes and achieving paperless chemical production [3] - The factory's internal engineering team has developed customized automated production lines, enhancing production efficiency and supporting lean management [3] Green and Low-Carbon Development - Veolia is recognized as a pioneer in the domestic water treatment industry, effectively advancing the sector with its advanced technologies and water treatment concepts [4] - The company is the first to receive dual certification from leading international rating agencies SBTi and Moody's for its climate commitments, aiming for a global carbon-free emission of 15.2 million tons by 2024 [4] - The Wuxi factory has set a decarbonization target to reduce carbon dioxide emissions by 400 tons by 2025, having already achieved 60% of this goal through various innovative projects [4]

（来源：上观新闻） 2025年12月27日，来自全国各地工程领域的工程师在上海浦东观摩科技创新、智能化工地。 昨天，全国建筑业安全生产管理经验交流会在上海召开，并在上海浦东陆家嘴太古源项目同步开展 以"责任筑基 数智赋能"为主题的工程观摩活动，通过政策解读、技术展示与现场观摩，全面呈现建筑 业安全管理的最新实践与创新路径。 值得关注的是，项目现场工人佩戴了最新研发的全自动化安全帽，集定位、监测、预警与通讯功能，可 实时监测人员位置、生命体征及作业环境，并在发生异常时自动触发声光报警与后台通知，为施工人员 提供全天候、智能化的生命安全保障。 会议由中国建筑业协会建筑安全与机械分会主办，上海市建设安全协会、在沪央企中建八局协办。 在浦东陆家嘴太古源项目的观摩现场，来自全国各地的参会代表深入了解项目在幕墙安全、钢结构施 工、机电安装、精装修等多阶段的安全管理体系。项目通过实体展示、流程演示与智能设备体验，全面 呈现了新技术、新材料、新工艺在工程安全中的应用成果。 集中展现了上海建筑行业在安全责任落实、数字化管理、智能化装备应用等方面的领先探索。 在智慧管理方面，项目构建了覆盖施工全周期的一体化安全管控平台，整合AI ...

此外，ENTP投入使用多台新型钻机，并完成对部分老旧设备的技术翻新。其中，一批新型钻井设备已 投入运行，同时一台功率为1500马力、配备变频驱动技术的钻机正式启用，标志着既有设备翻新计划的 完成。通过设备翻新替代直接采购新设备，累计节约资金超过1.5亿美元，有助于提升能源领域自主能 力并降低运营成本。 据阿尔及利亚《El Moudjahid》网站12月22日报道，阿尔及利亚国家石油公司Sonatrach董事长近日在 Hassi-Messaoud对多项能源项目进行实地检查，重点关注钻井能力提升、设备更新以及数字化管理建 设，相关项目旨在增强国家能源生产能力并优化运营效率。 Sonatrach旗下钻井公司ENTP启用了实时决策支持系统。该系统基于人工智能和远程监控技术，对钻井 设备运行状态进行实时监测，由阿本国技术团队完成建设，并引入本地初创企业参与。创新和数字化已 成为该集团实现发展目标的重要支撑。 ...

证券代码：605599 证券简称：菜百股份 公告编号：2025-051 北京菜市口百货股份有限公司 2025年第三次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025年12月23日 (二)股东大会召开的地点：北京市西城区广安门内大街306号北京菜市口百货股份有限公司五层会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长谢华萍主持。本次股东大会所采用的表决方式是现场投票和网 络投票相结合的方式。本次会议的召集、召开程序符合《中华人民共和国公司法》等法律、法规及规范 性文件和《北京菜市口百货股份有限公司章程》的有关规定。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席9人； 2、公司在任监事5人，出席5人； 3、董事会秘书出席本次股东大会； 4、 ...

●兵团日报全媒体记者 翟薇 一台台无人驾驶农机在广袤的农田中精准作业，一条条滴灌带如"毛细血管"般延伸至作物根部……近年 来，兵团以科技赋能农业生产，加快智慧农业、智能农机产业发展速度，现代化农业机械和新技术新应 用在田间地头大展身手，助推农业新质生产力发展。 数智平台 保障农业生产精准高效 "'可智惠农'APP上整合了师市183名农业专家，提供在线问诊、技术培训等服务，我想趁着现在有时 间，多问专家一些种植技巧，提高自己的种植水平。"12月16日，四师六十八团三连职工张瑜轩对记者 说。 过去凭经验，现在靠数据；过去分散管理，现在全局统筹……如今，数智平台正改变着兵团的农业决策 方式，让职工从"会种地"到"慧种地"，真正实现从种到收的全流程数字化管理。 设施农业 拓宽农业生产空间领域 位于十三师红星一场的新星高科现代农业科技示范园内，17座现代化高标准温室大棚整齐排列。12月13 日，红星一场居民赵荣和儿子来到该科技示范园采摘甘蔗。 "可智惠农"APP是四师可克达拉市投资480万元开发的数字农业平台，该平台不仅集成了身份地经营权 流转、经营地竞拍等核心功能，还涵盖了智慧种植、农技中心、农资采购、农机服务、农业 ...

Core Insights - The company has achieved a significant milestone by surpassing an annual zinc ingot production of 100,000 tons, supported by a record of 1,738 days without burning plates and a high-quality zinc ingot purity of 99.997% [1][3] - The company emphasizes a development strategy focused on "lean, digital, and green" practices, enhancing production efficiency and product quality through advanced technologies [1][4] Production and Management - Lean management is central to the company's stable operations, with a rigorous "five determinations" management system ensuring accountability and standardization [2] - The implementation of a precise production scheduling and closed-loop control model has strengthened organizational collaboration and standardized management processes, leading to continuous capacity improvement [2] Quality and Innovation - The company has achieved a balance between quantity and quality, with a zinc recovery rate that ranks among the best in the country, and has established a technical team for targeted research and development [3] - The "Red Heron-V" zinc ingot has received a brand value certificate, with a brand strength of 761 and a brand value of 2.482 billion yuan, ranking 31st among Chinese product brands [3] Environmental Sustainability - The company has invested 364 million yuan in green smelting upgrades, creating a comprehensive environmental protection system that significantly reduces emissions and waste [4] - The comprehensive energy consumption for zinc production is at an industry-leading level, with a reduction of 150 kWh per ton of zinc produced, resulting in annual energy cost savings exceeding 6 million yuan [4] Future Outlook - The company aims to continue its strong growth trajectory by integrating digitalization, lean collaboration, and green leadership, aspiring to set benchmarks in excellent operations, quality, smart management, and ecological development [4]

Core Insights - Vanke YunGui has successfully achieved early delivery of multiple projects across various cities, showcasing an efficient engineering management system [1][3][5] Group 1: Early Delivery Achievements - In December, Vanke YunGui completed the delivery of seven projects, with several experiencing early handovers, such as Nanning's Zhenwan Yue 9 days early and Kunming's Jingjiang Yincui 7 days early [3][5] - By December 7, Vanke YunGui had delivered a total of 2,100 units across 11 batches, with 6 projects delivering 1,081 units early, representing over 50% of the total [5][6] Group 2: Nationwide Delivery Strategy - Vanke has delivered 84,167 units nationwide across 197 projects this year, with 38 projects totaling approximately 12,000 units achieving early delivery [6][8] - Notable early deliveries include Guangzhou's Jinmao Vanke Duhui Qishi Shanzhuang at 210 days early and Chengdu's Vanke Jinyu Huafu at 198 days early, indicating a systematic approach rather than mere luck [6][8] Group 3: Management and Quality Control - The early delivery is attributed to a mature management system that emphasizes precision from design to delivery, utilizing digital management and industrialized construction processes [8][9] - Vanke employs technologies like BIM for construction simulation and leverages group supply chain advantages to ensure timely and quality material supply [8][9] Group 4: Commitment to Quality and Trust - The early delivery is not just a demonstration of speed but a testament to Vanke's commitment to quality and customer trust, redefining the perception that fast construction leads to poor quality [10] - Vanke's approach to delivery signifies not only the transfer of property but also the initiation of a quality living experience for homeowners, reinforcing their commitment to customer satisfaction [10]