Group 1 - The core viewpoint of the article highlights the collaboration between Xufu Liquor and CCTV's variety show "One Smile a Week," emphasizing the emotional connection and brand value through the "Old Friends Gathering" theme [1][4] - The integration of Xufu Daqu into the show aims to convey the brand message "high standards among friends, reliable to drink Blue Label," enhancing the consumer experience with a focus on cultural and emotional storytelling [4][6] - The online campaign "Drink Blue Label Good Wine, Watch One Smile a Week" encourages audience participation, further strengthening the brand's connection with consumers and enhancing its national recognition [4][6] Group 2 - Xufu Daqu, as a core product of Xufu's strategy, has gained market favor since its 2024 update, showcasing improved aesthetics and flavor, reflecting the brand's commitment to quality and competitive pricing [8][10] - Recent accolades, including "China Famous Wine: Eight Major Strong Aromas" and "Hua Xia Award: Most Benchmark Value Brand of the Year," validate the market's demand for quality liquor and highlight the growth potential in the quality light bottle segment [8][10] - The company emphasizes a strategy of steady growth through market insight and consumer engagement, maintaining a focus on producing affordable, high-quality liquor for the public [10]

5月12日盘后，中美发布《中美日内瓦经贸会谈联合声明》，本次中美经贸高层会谈取得实质性进展， 大幅降低双边关税水平，美方取消了共计91%的加征关税，中方相应取消了91%的反制关税；美方在初 始的90天内暂停实施24%的"对等关税"，中方也相应在初始的90天内暂停实施24%的反制关税。 核心资产优质抓手—A500ETF基金（512050）近期斩获多个同类第一 说到中国资产估值重塑，浓眉大眼、基本面良好的核心资产或直接受益。而当我们在谈论核心资产时， 大家也许会瞬间想到是茅台和宁王这样的蓝筹股，对，但不全对，核心资产是一个组合，是能反映经济 发展动能，能在经济向上周期跑赢通胀、经济增速，在经济向下周期抗跌的资产组合。 当下来看，或许编制独特的中证A500指数更能符合这个定义，指数采取行业均衡配置与龙头优选双策 略，实现细分行业全覆盖，并通过循环选样法保持动态平衡，融合价值与成长属性，既分散风险，又捕 捉成长机遇。指数前十大权重股中，既有像贵州茅台、、中国平安、招商银行、长江电力、美的集团、 紫金矿业、兴业银行等传统大市值白马，又有像宁德时代、亚迪、东方财富这样的新兴成长行业龙头。 如果大家对这一宽基指数感兴趣，可 ...

Group 1: *ST Lan Huang - The company announced its first stock repurchase on May 13, buying back approximately 259,600 shares, which accounts for 0.14% of its total share capital, with a total transaction amount of about 1.86 million yuan [1] - The repurchase was conducted at a maximum price of 7.25 yuan per share and a minimum price of 7.10 yuan per share, funded by the company's own and raised funds [1] - The repurchase plan, approved in March, aims to use 20 million to 30 million yuan for share buybacks, with a maximum price limit of 9.70 yuan per share, indicating the company's confidence in future development [1] Group 2: Huazhi Wine - The company reported a year-on-year profit decline for 2024 and the first quarter of 2025, attributing it to a cyclical deep adjustment in the liquor industry and a decrease in the market price of major liquor brands, leading to reduced gross margins and revenue [2][3] - In response to the changing economic environment, the company is adjusting its store development strategy to a multi-format collaborative model, focusing on three types of store formats: "Huazhi Wine", "Huazhi Wine Cellar", and "Huazhi Preferred" [2] - The differentiated marketing strategy and product supply system for different store formats aim to enhance market adaptability and competitiveness, allowing the company to better reach various consumer groups [3] Group 3: Moutai Cultural Tourism - The "Central Video × Moutai Cultural Tourism" music festival is set to take place on May 17, 18, and 20, featuring stars like Han Hong and Xiao Jingteng, with a focus on brand promotion and youth engagement [4] - This event represents an important step in Moutai Cultural Tourism's strategy to modernize its brand and integrate cultural tourism, enhancing brand exposure through cross-industry activities [4] - The music festival is part of Moutai's efforts to inject new momentum into its cultural tourism business, showcasing innovative attempts at brand rejuvenation [4]

Group 1: Guizhou Moutai - Guizhou Moutai announced that Zhang Yixing has become the brand ambassador for its cultural tourism [1] Group 2: Qingdao Beer - Qingdao Beer plans to acquire 100% equity of Shandong Jimo Yellow Wine Factory for a total consideration of RMB 66.5 million [2] - The acquisition aims to enhance industry synergy and competitiveness, expanding the company's non-beer business and product line [2] - The integration of Jimo Yellow Wine is expected to create complementary sales effects between seasonal products, enhancing market competitiveness [2] Group 3: Jin Zai Food - Jin Zai Food has launched its soft-boiled quail eggs in select stores of Pang Dong Lai, with no current plans to invest in snack chain stores [3] Group 4: Jiahe Food - Jiahe Food's coffee business focuses more on online branding, with significant investment in brand promotion [4] - The company plans to control overall expense ratios to mitigate impacts on profits while expanding its C-end business through online platforms [4] Group 5: Uni-President China - Uni-President China reported an unaudited net profit of RMB 602 million for the first quarter ending March 31, 2025 [5] Group 6: Anjiexin Food - Anjiexin Food is adjusting its 2025 new product strategy, differentiating between B-end and C-end approaches [6] - The company will focus on product innovation and competitive pricing, with plans to launch various new products in the frozen food category [6] Group 7: Market Regulation - The State Administration for Market Regulation has initiated a special action to address the production and sale of counterfeit and substandard meat products from April to December 2025 [7][8] Group 8: Food Additives - The State Council's Food Safety Office and other departments have launched a comprehensive governance plan to address the abuse of food additives, focusing on illegal practices and enhancing regulatory measures [9] Group 9: Naixue Tea - Naixue Tea has rebranded with a new logo "Naisnow" and is set to open its first store in the U.S. in Flushing, New York [10] Group 10: Cha Baidao - Cha Baidao's flagship store in Chengdu has begun trial operations, featuring a menu that includes ice cream and special tea cocktails with premium spirits [11] Group 11: Xiaobuxiang - Xiaobuxiang reported an 18.85% increase in revenue during the May Day holiday, with plans to open 80 new stores this year [12] Group 12: Estee Lauder - Estee Lauder reported a 9.8% decline in sales to $3.55 billion for Q3, with organic sales in China showing double-digit growth for specific brands [14][15] Group 13: Pang Dong Lai - Pang Dong Lai has implemented a return policy for jade and jadeite purchases, allowing customers to return items without incurring fees [16] Group 14: ST Renle - ST Renle received a notice from the Shenzhen Stock Exchange regarding the potential termination of its stock listing [17] Group 15: Yonghui Supermarket - Yonghui Supermarket issued a public letter supporting ethical business practices and committed to upholding integrity in the retail industry [18]

每经记者｜熊嘉楠 每经编辑｜肖芮冬 丨2025年5月9日星期五丨 公司对此回应称，近年来，白酒行业已进入存量竞争甚至缩量竞争阶段，行业增长整体承压，总体增速 放缓。公司积极适应市场变化趋势，结合外部环境机会与威胁、市场竞争态势、自身定位以及内部资源 状况，提出了适合自身发展的合理目标，保持阶段性区域性竞争优势，保障公司高质量可持续发展。 NO.1 今世缘回应2024年业绩增速放缓等问题 点评：今世缘业绩增速放缓引发市场关注。白酒行业已进入存量竞争阶段，整体增速承压。公司调整目 标以适应市场变化，保持阶段性竞争优势。这一动态可能影响投资者对白酒板块的信心，行业或需通过 创新和差异化策略寻求突破，整体市场仍需观察消费需求变化对板块的长期影响。 NO.2 古越龙山：力争酒类销售今年增长超6% 5月7日，在今世缘2024年度业绩说明会上，有部分投资者提出公司业绩增速正在放缓，未达到2024年原 定营收122亿元左右、净利润37亿元左右的目标，公司今年如何达成2025年总营业收入同比增长 5%~12%的目标？ 点评：上述目标的制定显示公司持续推进高端化、年轻化、全球化、数字化战略。这一计划或为黄酒行 业注入新活力，但公 ...

二、大资金突然出手，释放什么信号？ 无论是沪指还是创业板指数，今天的阳包阴主要出现在开盘半小时内。虽然沪指在这段时间涨幅不明显，但从盘面上能清楚看到大资金的强势动作。 低开后，市场迅速完成技术调整，一口气收复失地，这通常是多头强势的信号，也是市场突然变强的征兆。而这一切的导火索，正是沪深300ETF。 随着1.2万亿资金逐步通过银行体系流入市场，市场资金流动性得到有力补充，经济也迎来强劲动力。在这种充裕的资金环境下，消费市场迎来巨大机遇， 无论是高端消费还是日常消费，都能找到发展机会。 4月份有1000亿MLF到期，这意味着央行本月MLF净投放高达5000亿。很多人还没意识到这个数字的惊人之处。要知道，3月份MLF净投放才630亿，4月份 的投放量相当于3月份的近10倍，力度之大，简直就像"一次降准"！ 一、央行突击降准的牛市！降准降息是本次发布会重点之一，预计将向市场提供长期流动性约1万亿元！ 三、只要回踩基本上都会给我们一次比较好的这种分歧低吸的机会，短期我们就是轻指数、重个股、重节奏。 指数上，是低开之后出现了一波上攻，但是从量能上来看，1.2万亿的一个预期的成交量还是不太够，所以说下午仍然还是围绕33 ...

NO.1 茅台文旅官宣代言人 5月7日，茅台文旅官微发布消息称，张艺兴正式成为茅台文旅代言人。 《每日经济新闻·将进酒》记者获悉，5月17日~18日，茅台文旅将携手央视传媒举办"2025年贵州黄小西 T²音乐与艺术节"。届时，张艺兴将以茅台文旅代言人的身份出席并参与演出。 资料显示，茅台文旅以发展酒旅融合为目标，包括"工业旅游景区运营、文创产品开发、会务策展"三大 核心业务。其近期研发的"黄小西"玩偶系列为贵州旅游市场上的热销品。 点评：茅台强化"酒旅"联动，深度融入和创新"酒旅融合"业态，既是践行"客群、场景、服务"的三个转 型，也助推"卖酒向卖生活方式转变"。此次茅台文旅官宣代言人，将为其更好切入消费市场、树立品牌 文化形象、扩大企业影响力提供新的路径。 每经记者｜熊嘉楠 每经编辑｜肖芮冬 丨2025年5月8日星期四丨 5月7日，青岛啤酒公告称，公司拟从新华锦集团和鲁锦集团处受让其合计持有的山东即墨黄酒厂有限公 司（以下简称即墨黄酒）100%股权，相关对价为人民币6.65亿元和价格调整期损益金额之和。本次股 权收购交易完成交割后，公司将持有即墨黄酒全部股权，即墨黄酒成为公司的全资子公司，纳入公司合 并报表 ...

Core Points - The UK and India have signed the Comprehensive Economic Partnership Agreement (CEPA), marking a significant bilateral trade agreement post-Brexit [1][2] - The agreement covers 12 areas including goods trade, service market access, and investment protection, indicating a shift from traditional Commonwealth ties to a strategic partnership for the 21st century [1] Group 1: Trade Benefits - UK industries benefit from reduced tariffs, with Scotch whisky tariffs halved from 150% to 75%, expected to add £1.2 billion in annual exports [1] - High-end automotive tariffs drop from 100% to 10% with a quota of 20,000 vehicles per year, prompting increased production of electric SUVs by UK manufacturers [1] - Indian textile tariffs reduced from 12% to 5%, saving the industry £370 million annually and potentially increasing exports to the UK by 22% [1][2] - Tariffs on frozen shrimp reduced from 20% to 8%, leading to new cold chain routes for exports from Kerala [1] Group 2: Professional Services and Digital Trade - The UK opens its legal, accounting, and education sectors to Indian firms, potentially creating 50,000 new jobs [2] - India allows UK law firms to participate in international arbitration, breaking local monopolies [2] - A "digital trade corridor" is established, facilitating mutual recognition of data localization rules and easing cross-border operations for fintech companies [2] Group 3: Strategic Implications - The agreement is positioned as a benchmark for "Globalization 2.0," emphasizing free trade amidst rising protectionism [2] - The inclusion of "Indo-Pacific Economic Corridor" cooperation in the agreement supports India's goal of achieving $1 trillion in exports by contributing an additional 15% [2] - The partnership reflects a response to global economic challenges, showcasing collaboration between two major economies [3]

Core Viewpoint - Hainan Yedao has reported disappointing financial results for 2024, with revenue falling below the 300 million yuan threshold, leading to a "ST" designation and raising concerns about its future viability [2][6] Financial Performance - In 2024, Hainan Yedao's revenue was approximately 175 million yuan, with a net loss of about 136 million yuan, although the loss has narrowed compared to the previous year [2] - For Q1 2024, the company reported revenue of around 44 million yuan, a year-on-year decline of 18.47%, while the net loss was approximately 6.5 million yuan [2] - Cumulatively, Hainan Yedao has incurred losses totaling 476 million yuan over the past four years, with revenue decreasing nearly 79% from 833 million yuan in 2021 to 175 million yuan in 2024 [6] Business Focus and Strategy - Hainan Yedao is attempting to refocus on its core liquor business, particularly in the herbal liquor segment, as part of its strategy to avoid delisting [6][8] - The company has invested nearly 100 million yuan in marketing efforts, including advertising in airports and on outdoor screens, despite its financial struggles [5] - The sales revenue from the company's main product lines, such as the Haiwang liquor series, increased by 6.36% to approximately 78.96 million yuan, while the flagship product, the deer turtle liquor series, saw a significant decline of 44.47% [6][7] Product Performance - Hainan Yedao's white liquor sales amounted to 25.73 million yuan, down 28.27% year-on-year, representing less than 15% of total revenue but achieving a gross margin of 60.47% [3] - The company has launched a new line of herbal-flavored liquor, with prices ranging from 199 yuan to 2999 yuan, but sales have been disappointing, with only four transactions recorded for five products on its official e-commerce platform [5][4] - The positioning of the deer turtle liquor series has struggled due to market contraction and failure to adapt to changing consumer trends, while the Haiwang series has become a key revenue pillar despite a decline in sales [7][8] Market Outlook - The liquor industry is currently undergoing a deep adjustment, and Hainan Yedao's ability to leverage its herbal liquor offerings to capture market share remains uncertain [5][6] - The company aims to implement a strategy focused on product innovation and market demand to navigate its current challenges and avoid delisting [7][8]

Group 1 - Shede Liquor Industry announced an adjustment to its 2024 cash dividend total, with a proposed cash dividend of 4.3 yuan per 10 shares, totaling 141.44 million yuan, which represents 40.91% of the net profit attributable to shareholders [1] - The company has repurchased 41.94 million shares, with 29.55 thousand shares repurchased recently, leading to a reduction in the total number of shares eligible for profit distribution [1] - The adjustment reflects compliance with regulations and aims to protect the rights of minority shareholders, enhancing the company's image and investor relations [1] Group 2 - The China Alcoholic Drinks Association is soliciting opinions on the "Ecological Baijiu" group standard proposed by Anhui Yingjia Gongjiu Co., which aims to enhance brand image and product premium capabilities [2] - The initiative reflects a trend towards ecological brewing among liquor companies, potentially benefiting the white liquor sector through industry standardization and consumer awareness of ecological quality [2] - This move indicates the industry's proactive exploration of quality improvement and sustainable development, which may boost market confidence [2] Group 3 - Bairun Co. reported that its liquor business has started generating a small amount of revenue since Q1 2025, indicating a successful product structure optimization and maintaining high gross margins [3] - The development of the liquor business represents a new growth point for the company, enhancing its profitability and market competitiveness [3] - This diversification into the liquor sector may attract market attention towards structural opportunities in the consumer sector amid trends of consumption upgrading [3]