次日清晨5点多，农户按订单赶赴基地采摘豇豆、黄瓜、奶白菜等新鲜蔬菜，并陆续送往分拣仓。上午，保鲜车间里，十余位工人在流水线上忙碌，蔬菜 被逐一分级、称重、贴码。下午6点，两辆冷藏厢式卡车装载完毕，从莘县北部驶上德商高速。 11月28日早上7点不到，车辆抵达家家悦在山东省内的5家物流中心。10点前，贴着"莘县蔬菜"溯源码的小包装精品菜，被摆上门店的生鲜区，成为当日最 醒目的新货。 至此，接近700公里、不到38个小时，莘县蔬菜一路从田间向货架奔赴而来。但比这段"旅程"更值得追问的，是其背后的食用农产品全链条追溯体系。 01 产地与终端"双向奔赴" 11月26日晚，聊城市莘县东鲁街道刘马庄村农户侯春海的手机提示声响起，是莘县农发工作人员发来的采收单。 11月26日晚上8点，家家悦B2B平台跳出一笔订单：12000份莘县蔬菜，两天后上架济南、青岛、威海、烟台等地的330家门店。随即，这笔订单便出现在 莘县农业农村投资发展有限公司（简称"莘县农发"）供应链调度中心的大屏上。 他一眼扫过规格要求——"豇豆长度40～60cm，颜色深绿，细而长，脆嫩，无鼓豆、虫眼、锈斑；农药检测呈阳性，压伤或断裂比例超3%，或规则残缺率 ...

沃尔玛中国进入高速扩张期。 11月20日晚间，沃尔玛发布2026财年第三季度业绩。其中，沃尔玛中国第三季度实现净销售额61亿美 元，同比增长21.8%；电商业务净销售额增长32%。 第三季度，山姆会员商店继续保持强劲的增长势头，交易单量呈双位数增长。在过去12个月，山姆在中 国增加8家新店（含本季度新增1家）。 次日，山姆会员商店北京昌平店正式开业。据《每日经济新闻》记者了解，2003年至今，山姆已在北京 开出5家门店，昌平店也是山姆在全国的第61家门店。 Douglas McMillon透露，今年10月，他访问了中国的三个城市，"在合肥我们参观了一个相对较新的山 姆会员店，非常出色"。其还提及，现在在中国有60家山姆会员店，并且还在源源不断地增加新的会员 店。 值得一提的是，他在会上表示："在数字零售方面，中国比我们运营的任何市场都更为先进。" 沃尔玛公司执行副总裁兼首席财务官John David Rainey则在会上提及，企业整体会员收入增长17%，其 中国际业务增长34%，成为主要驱动力，这一增长主要得益于中国山姆会员店。 值得一提的是，11月，记者从沃尔玛中国了解到，沃尔玛旗下自有品牌"沃集鲜"于该月 ...

这是沃尔玛业态升级、重塑品牌、重启增长的重要一步。 11 月一个周五的上午， 沃尔玛深圳新德家园社区店 500 平方米左右的空间里 ，有几十位顾客在挑选 商品， 多是 40 岁以上的中年人和带着孩子的家庭 ，近三分之一聚集在生鲜区。 周末的客流量更大。在深圳宝安万达广场的另一家沃尔玛社区店，周六下午 4 点左右， 大约 800 平方 米的空间内 客流比前一日在新德家园门店看到的又多了一倍， 年轻人的身影更多了 。 靠近入口最显 眼的位置，陈列着沃尔玛的自有品牌 "沃集鲜" 近 30 款烘焙商品， 均为当天现制并明确标注 "保质期 1 天、只卖当天"， 装满了整整 8 个玻璃橱柜，售价在 5-10 元之间 ，其中半数标价为 5 元。 作为沃尔玛今年以来正在试点的社区店模式，这两家门店的选品明显更聚焦 "一日五餐" 的生鲜和食品 类商品。在探店过程中，我们最直观的视觉感受是，外包装印着 "沃集鲜" 品牌字样的商品随处可见。 这是沃尔玛自去年以来全面发力的一个自有品牌。11 月 17 日，沃尔玛宣布沃集鲜已完成阶段性的焕 新升级， 商品规模从年初的几十个 SKU 已迅速发展至近千种。 社交网络上也确实有越来越多的消 ...

11月20日晚间，沃尔玛公布的2026财年第三季度财报显示，报告期实现总营收1795亿美元，同比增长 5.8%（剔除汇率波动影响后，总营收为1797亿美元，同比增长6.0%）；第三季度调整后营业利润为72 亿美元，同比增长8.0%。 中国市场表现尤为强劲。 来源：智通财经 全球零售巨头沃尔玛再次在三季度交出亮眼业绩表现。 在山姆门店，消费者随处可以见到"扫码线上更多专享"的广告牌，引导会员在线上消费。在这背后，是 电商在中国已经贡献了沃尔玛"半壁江山"的销售额——电商业务占比已经超过50%，其中绝大多数来源 于自营APP。 "我们在中国的电商渗透率已经达到50%，中国的团队配送速度极快，近80%的数字订单在1小时内送 达。"沃尔玛全球总裁及首席执行官董明伦在财报电话会议上强调，"在数字零售方面，中国比我们运营 的任何市场都更为先进。" 中国电商在规模和效率上领先全球已经毋庸置疑，同时在各个维度和赛道上也充满极致的竞争，譬如即 时零售实现爆发式增长，社区零售新生态逐步形成，线上线下的零售格局重塑，这也考验沃尔玛如何扎 根中国本土并凭借差异化优势突围。 高复购率、高客单价、低运营成本，云仓不仅帮助山姆电商实现高盈 ...

Summary of Key Points Core Viewpoint - On November 21, Guoguang Chain experienced significant block trading activity, with a total trading volume of 3.548 million shares and a total transaction value of 72.8759 million yuan, reflecting a discount of 13.15% compared to the closing price of the day [2]. Trading Activity - A total of 7 block trades were executed on November 21, with each transaction priced at 20.54 yuan per share [2]. - Over the past three months, Guoguang Chain has recorded 17 block trades, accumulating a total transaction value of 98.3021 million yuan [2]. Stock Performance - The closing price of Guoguang Chain on the same day was 23.65 yuan, marking an increase of 3.64% [2]. - The stock's turnover rate for the day was 6.18%, with a total trading volume of 740 million yuan [2]. - There was a net inflow of 42.9537 million yuan in main capital for the day, while the stock has seen a cumulative decline of 8.26% over the past five days, with a total net outflow of 42.1783 million yuan [2].

Core Points - On November 21, Guoguang Chain's stock rose by 3.64%, closing at 23.65 yuan, with a total of 7 block trades amounting to 3.548 million shares and a total transaction value of 72.8759 million yuan [1][2] Trading Activity - The first four block trades were executed at a price of 20.54 yuan per share, with each trade involving 1 million shares, totaling 20.54 million yuan, and a discount rate of -13.15%. The buyer for these trades was CITIC Securities Co., Ltd. Hangzhou Fengqi Road Securities Business Department, while the seller was CITIC Securities Co., Ltd. Nanchang Xianshi Road Securities Business Department [1] - The fifth trade also occurred at 20.54 yuan for 200,000 shares, totaling 4.108 million yuan, maintaining the same discount rate of -13.15% [2] - The sixth trade involved 98,000 shares at the same price, totaling 2.0129 million yuan, with a buyer from CITIC Securities Co., Ltd. Beijing Asian Games Village Securities Business Department [2] - The seventh trade was for 150,000 shares at 20.54 yuan, totaling 3.081 million yuan, with the buyer being GF Securities Co., Ltd. Headquarters [2] Recent Trading Trends - Over the past three months, Guoguang Chain has recorded a total of 17 block trades, with a cumulative transaction value of 98.3021 million yuan [2] - In the last five trading days, the stock has experienced a decline of 8.26%, with a net outflow of 87.7126 million yuan in principal funds [2]

Core Viewpoint - Walmart's CFO John David Rainey highlighted the widening gap between those who can afford daily necessities and those who cannot, reaching the highest level in nearly a decade as of October's wage growth data [1] Financial Performance - In Q3, Walmart reported revenue of $179.5 billion, a 5.8% year-over-year increase, surpassing the expected $177.6 billion; adjusted EPS was $0.62, slightly above the anticipated $0.60 [2] - Walmart raised its full-year guidance, expecting net sales growth to increase from a previous range of 3.75%-4.75% to 4.8%-5.1%; adjusted EPS forecast was revised from $2.52-$2.62 to $2.58-$2.63 [2] Consumer Behavior - Rainey noted that many shoppers are shifting towards cheaper products, extending their purchasing cycles, and focusing more on value due to ongoing financial challenges, with food prices still approximately 25% higher than pre-pandemic levels [1] - The company experienced a strong quarter with U.S. same-store sales growth of 4.5%, driven by grocery, health products, and general merchandise; transaction frequency increased by 1.8%, and average basket size grew by 2.7% [1] Cost Management - Despite strong performance, Walmart faces challenges with high tariff-related costs and is cautiously managing the impact of these costs on consumers, particularly for imported goods like bananas and avocados [2] - Rainey acknowledged the limitations of Walmart's "Everyday Low Price" strategy amid rising costs from tariffs, supply chain shifts, and labor expenses, indicating a delicate balance between protecting consumer interests and maintaining profit margins [2] Competitive Strategy - Walmart's pricing strategy remains competitive, exemplified by a $128 Vizio TV, which attracts customers while relying on long-term monetization through advertising revenue from its operating system [3] - Rainey emphasized Walmart's dual focus on providing value and convenience, suggesting that the historical belief in a trade-off between the two is a misconception, as Walmart is proving it can deliver both effectively [3]

来源：瑞恩资本RyanbenCapital 沃尔玛(WMT)公布，将把股票上市地点转移至纳斯达克交易所，这将是纽约证券交易所史上规模最大 的一次股票过档。 沃尔玛自1972年起就在纽交所上市。 沃尔玛预计，其股票将于12月9日在纳斯达克全球精选市场(Nasdaq Global Select Market)开始交易，该市 场是纳斯达克交易所3个级别中最高。 沃尔玛表示，转战以科技股为主的纳斯达克市场，体现了其「科技领先」的策略，其股票将继续沿用目 前的「WMT」股票代号。 版权声明：所有瑞恩资本Ryanben Capital的原创文章，转载须联系授权，并在文首/文末注明来源、作 者、微信ID，否则瑞恩将向其追究法律责任。部分文章推送时未能与原作者或公众号平台取得联系。 若涉及版权问题，敬请原作者联系我们。 更多香港上市、美国上市等境外IPO资讯可供搜索、查阅，敬请浏览: www.ryanbencapital.com ...

格隆汇11月20日｜沃尔玛：第三季度营收1795亿美元，同比增长5.8%，预期1774.3亿美元；调整后每股 收益0.62美元，预期0.60美元。沃尔玛公司2026财年净销售增长预期为4.8%-5.1%，按不变汇率计算，与 之前3.75%至4.75%的增长预期相比有所下调。沃尔玛(WMT.US)盘前短线拉升后回落，现跌近2%。 ...

Core Insights - Beijing Bubang Lianhua announced the reopening of its Tongzhou store as "Lianhua Hui" on December 25, following a significant upgrade [1] - The new Lianhua Hui will cover approximately 18,300 square meters, integrating shopping, dining, entertainment, and services to create a "neighborhood living space" and a "local food landmark" [1] Company Overview - The newly opened Lianhua Hui features five core segments: premium retail, food court, cultural entertainment, children's playground, and lifestyle services [1] - The flagship store, Bubang Lianhua, has planned to offer 10,742 product items, introducing more first-tier brands and specialty selected products [1] - The product structure of Bubang Lianhua is designed to overlap by 80% with that of the competitor, Pang Donglai [1]