公司结构与治理 经济观察网 根据联华超市已公开的信息，以下事件可能值得关注。 产业资源优势 近期事件 自2026年2月14日0点至2月21日24点，其"鲸选到家"服务的订单基础运费将上调1元，按6元/单收取，超 重部分按日常标准加收。这一运营策略的调整可能影响其线上业务的成本结构与客户体验。 公司于2025年修订了公司章程，取消了监事会。此类治理结构的调整通常意味着公司决策流程的优化， 后续需关注其公司治理效率的变化。 公司项目推进 公司计划在未来三年每年改造40-60家门店，并新开20-40家门店。同时，资料显示2025年前三季度已关 闭175家门店。这表明公司正处于积极的业态调整与网络优化周期。 以上内容基于公开资料整理，不构成投资建议。 2025年12月，公司与长春率鲜达食品科技有限公司签署了"吉字号"战略供应链协议，并举办了相关特产 展销活动。新的供应链合作可能有助于其商品力的提升。 品牌市场活动 公司近期推出了"邀吃节"等活动，旨在推动高端食材的日常化销售。这与公司"联结你我'他'"的品牌定 位相契合，是其回归零售本质、提升顾客体验的持续努力。 ...

Core Viewpoint - Yutong Optical (300790) is set to disclose its 2025 annual performance report in 2026, focusing on new customer supply chain collaborations and executing long-term strategic goals [1] Financial Performance - The company announced on January 21, 2026, that it expects a net profit attributable to shareholders of between 240 million to 280 million yuan for 2025, representing a year-on-year growth of 30.75% to 52.54% [2] Business Development - Yutong Optical has entered Apple's core product supply chain, providing glass spherical lenses for the iPhone 18 and supplying molded glass for Apple's AI glasses through Yujingguang, with both businesses expected to start mass production in the second half of 2026 [3] Strategic Advancement - In a public letter dated January 4, 2026, the company set a target for a compound annual growth rate of revenue or net profit of no less than 20% to 50% for the years 2025-2027, aiming for revenue to reach 5.835 billion yuan over the next three years [4]

新华社墨西哥城2月9日电（记者吴昊）第四届中国国际供应链促进博览会墨西哥推介会9日在墨西哥首 都墨西哥城举行，吸引100多名中墨政商界代表参会。与会代表就供应链合作机遇、产业协同发展等议 题展开交流。 ...

Group 1 - The core viewpoint of the article is that Jianfa Co., Ltd. (600153.SH) is expanding its supply chain operations by collaborating with potential excellent enterprises in the consumer sectors such as catering, food, and home appliances [1] - Jianfa's wholly-owned subsidiary, Jianfa Living Materials, has signed a partnership agreement with Chengqi Investment to invest in a fund aimed at consumer industry enterprises in China [1] - The investment amount from Jianfa Living Materials as a limited partner (LP) is set at 18 million yuan, which will be used to subscribe to shares of the Qicheng Fund initiated by Chengqi Investment as the general partner [1]

在接受采访时，黄仁勋谈到供应链的动态。他表示，今年英伟达需求非常强劲，英伟达正在全力生产 Blackwell芯片，同时生产Rubin芯片。台积电今年必须要非常努力工作，因为英伟达需要很多晶圆和 CoWoS产能，台积电现在做得非常好。他还表示，台积电在未来10年可能会增加100%产能，这是规模 很大的基础设施投资。 格隆汇1月31日｜据一财，英伟达CEO黄仁勋春节前访华到达上海、北京、深圳后，近日又到达台湾。 此次行程中，黄仁勋与当地供应商的交流备受关注。1月31日晚间，黄仁勋宴请了英伟达的供应链伙 伴，参加晚宴的包括纬创董事长林宪铭、台积电董事长魏哲家、广达创始人林百里及副董事长梁次震、 和硕集团董事长童子贤、鸿海董事长刘扬伟、仁宝董事长陈瑞聪、联发科执行长蔡力行、华硕创始人施 崇棠等。晚宴结束后，黄仁勋送魏哲家离开。 ...

发言人彭庆恩表示，美国向来以美国利益优先，挥舞关税"大棒"损人利己。所谓"美台贸易"及"供应链 合作"只会把台湾榨干，逼得台湾自断筋骨。在美国人眼里，台湾的价值不是什么"供应链伙伴"，而 是"以台制华"的棋子、军工复合体的"摇钱树"、制造业回流的"提款机"。 （文章来源：央视新闻） 1月21日，国务院台办举行例行新闻发布会。总台记者提问：日前，赖清德与美国亚利桑那州访问团见 面时称，近年来美国已成为台湾最大海外直接投资地，期盼双方尽早签署关税协定，帮助台积电等业者 在美国长期深耕，也为当地创造高薪就业机会。对此有何评论? ...

Core Viewpoint - Taiwan has committed to invest $500 billion in the U.S., raising questions about whether this is a mutually beneficial partnership or if Taiwan is being exploited as a financial resource by the U.S. [1][3] Group 1: Investment Details - The agreement includes three main highlights: tariff adjustments, supply chain cooperation, and the $500 billion investment [3]. - Tariffs will be reduced to 15% without stacking, which alleviates cost pressures for Taiwanese companies exporting to the U.S. [3][5]. - The investment will be split into two parts: $250 billion from Taiwanese companies and a $250 billion credit guarantee from the Taiwanese government to support loans for enterprises [7]. Group 2: Economic Implications - The investment plan may lead to a potential outflow of high-end talent and technology from Taiwan, particularly in the semiconductor and AI sectors [11]. - The Taiwanese government will bear the financial risk if the enterprises fail, which could lead to increased financial burdens on Taiwanese taxpayers [7][11]. - The agreement is seen as a way for the U.S. to secure its technological advantage amid rising competition from China, particularly in high-tech industries [13][15]. Group 3: Risks and Concerns - There are concerns that the agreement may lead to the hollowing out of Taiwan's local industries, as resources and talent may shift to the U.S. [19][21]. - The international community has criticized the deal, viewing it as more beneficial to the U.S. while placing significant risks on Taiwan [17]. - The long-term economic impact on Taiwan could be severe, with potential disruptions to local industries and increased financial costs [19][21].

Core Viewpoint - The company has established a robust risk mitigation strategy through multiple approaches, ensuring that the overall impact of external pressures remains controllable [1] Group 1: Supplier Relationships - The company has formed long-term stable partnerships with core suppliers, leveraging bulk purchasing advantages and ongoing order collaborations to maintain strong bargaining power against upstream suppliers, effectively countering some price increase pressures [1] Group 2: Cost Control Mechanisms - The company has implemented a comprehensive cost control mechanism, optimizing procurement processes, enhancing production efficiency, and achieving economies of scale to continuously improve the precision of cost management, allowing it to absorb some external cost fluctuations [1] Group 3: Domestic Collaboration - The company has established deep collaborations with domestic high-quality CNC system manufacturers, such as Huazhong CNC, which effectively reduces reliance on imported systems and mitigates risks associated with rising import costs [1] - The company plans to further deepen supply chain cooperation, advance domestic substitution processes, and continuously optimize its cost structure [1]

Group 1 - The core message emphasizes the importance of China-Korea cooperation in industry innovation and stable supply chains to explore new development opportunities beyond their respective markets [1][5][12] - Since the establishment of diplomatic relations in 1992, significant achievements have been made in personnel exchanges, local cooperation, and economic trade, with bilateral trade increasing from $6.5 billion to $272.9 billion by 2024 [1][8][10] - The forum highlighted three main topics for discussion: manufacturing innovation, supply chain cooperation, and new markets for consumer goods, with over 400 attendees from both countries [2][9][12] Group 2 - The visit of the South Korean President, Lee Jae-myung, included a delegation of over 200 business representatives from major companies such as Samsung, SK Group, and Hyundai, indicating strong business interests in enhancing bilateral trade [2][8][9] - The signing of 15 cooperation documents in areas such as technology innovation, ecological environment, transportation, and economic cooperation signifies a commitment to deepening collaboration [2][9][10] - The focus on cultural and service industry cooperation is expected to expand, with increasing youth exchanges and popular travel experiences between the two countries [5][12][14]

Group 1: Economic Cooperation - The bilateral trade volume between China and South Korea has increased from $6.5 billion at the time of diplomatic relations in 1992 to $272.9 billion in 2024, with China being South Korea's largest trading partner and South Korea being China's second-largest trading partner [1][2] - The two countries aim to deepen cooperation in manufacturing innovation, supply chain collaboration, and explore new markets in consumer goods and services [2][5] - The ongoing negotiations for the second phase of the China-South Korea Free Trade Agreement (FTA) are expected to provide new momentum for corporate collaboration, particularly in emerging fields such as artificial intelligence, biopharmaceuticals, and green industries [5][6] Group 2: Cultural and Service Industry Collaboration - There is a growing interest in cultural and service industry cooperation, with popular travel experiences such as "Seoul Cultural Tours" and "K-Beauty Experiences" among Chinese youth, and "Shanghai Weekend Trips" favored by South Korean youth [6] - The collaboration in content industries, gaming, performances, and cultural platforms is seen as a vital link between manufacturing, consumer investment, and new market development [6] Group 3: Political Context and Future Outlook - The visit of South Korean President Yoon Suk-yeol to China is viewed as a significant diplomatic achievement, marking a renewed focus on strengthening bilateral relations [3][4] - The South Korean government emphasizes the importance of mutual respect and understanding in enhancing communication and cooperation with China [3] - The strategic partnership between China and South Korea is expected to evolve positively under the leadership of both countries, with a focus on economic stability and regional security [5][6]