Core Insights - The konjac snack industry is gaining popularity due to its low-calorie, high-fiber attributes, appealing particularly to health-conscious consumers, especially women [2][5] - Konjac products are being marketed not only for their health benefits but also for their taste, with companies focusing on flavor enhancement while maintaining a relatively low caloric content [3][6] - The konjac industry is transitioning from a regional specialty to a global snack trend, with significant export potential and cultural significance [5][7] Industry Characteristics - The konjac snack market is characterized by diverse product forms, including "konjac shuang" and konjac jelly, which cater to various consumer preferences in the snack and beverage sectors [1][2] - There is a growing awareness of dietary fiber intake among Chinese consumers, with konjac serving as an ideal source to address this gap [2][6] - The industry faces challenges related to product quality, including concerns over high salt and oil content in some konjac snacks, necessitating consumer education [2][3] Market Opportunities and Challenges - The konjac snack industry has expanded its reach, exporting to nearly 44 countries, with a focus on flavors that resonate with local tastes while promoting Chinese culinary culture [7] - Companies are encouraged to develop standardized and scalable cultivation practices to ensure a stable supply chain, addressing climate and soil variability [5][6] - The future of konjac products includes potential applications beyond food, such as in medical and cosmetic fields, indicating a broadening market scope [6][7]

投资评级：看好（维持） 食品饮料 2025 年 06 月 15 日 数据来源：聚源 -29% -19% -10% 0% 10% 19% 29% 2024-06 2024-10 2025-02 食品饮料 沪深300 行业走势图 相关研究报告 《新消费驱动板块上行，关注业绩可 持续兑现品种—行业周报》-2025.6.8 《白酒弱复苏中筑底，黄酒契合新消 费趋势—行业周报》-2025.6.2 《茅台引领行业新周期，4 月社零数据 略有回落—行业周报》-2025.5.25 威士忌新品上市，看好魔芋品类发展 ——行业周报 张宇光（分析师） 张思敏（联系人） zhangyuguang@kysec.cn 证书编号：S0790520030003 zhangsimin@kysec.cn 证书编号：S0790123070080 核心观点：关注板块中新品类扩张的投资逻辑 行 业 6 月 9 日-6 月 13 日，食品饮料指数跌幅为 4.4%，一级子行业排名第 28，跑输沪 深 300 约 4.1pct，子行业中保健品（+2.4%）、其他食品（+0.0%）、烘焙食品（-0.7%） 表现相对领先。百润股份旗下威士忌崃州新品如期上市，产 ...

央视网消息：国家信息中心最新发布的多项先行指标显示，今年5月我国经济多领域"热力"升腾，折射出经济向好向"新"、活力强劲。首先来看投资，5 月份，政府投资持续加力，各类项目落地呈现提速态势。 国家信息中心工业园区生产热度指数显示，5月该指数同比增长21.2%，较上月提升0.3个百分点，生产活力维持在高位运行，意味着产业集聚效应在不 断增强，产业链、供应链的稳定性与协同性持续提升，显示出了产业发展的强劲动力。 其中，传统行业开工热度普涨。国家信息中心基于31种工业产品开工率构建的工业品开工热度指数同比上涨1.0个百分点，环比上涨1.4个点。纺织、化 工、钢铁、塑料等主要品类产品指数提升明显，显示出传统产业在市场需求的拉动以及政策的助力下，正加快复苏与转型升级的步伐。 此外，企业创新活力持续迸发。国家信息中心关于初创企业、技术创新型企业的经营活力指数，5月同比均实现20%以上的增长，增速较上月提升显 著。 最新数据显示，5月份，全国挖掘机指数为47.34%。从省份来看，有16个省份正在"提速快跑"，安徽、北京、浙江、吉林、辽宁的开工率位列全国前 五。 从区域来看，东北地区开工率达到了60.39%，位居各地区第一。 ...

Group 1 - The core viewpoint highlights the significant growth in food exports from Luoyang City, with a total export value of 240 million yuan in the first four months of this year, representing a 60% year-on-year increase [1] - The export categories show a diverse range, with leisure food companies leading in quantity and edible mushroom products having high export value; pet food exports reached 46.518 million yuan, growing by 48.9%, ranking first in the province [1] - Zhongyu Pet Food Company has achieved numerous R&D results in pet food processing technology and has obtained several national utility model patents; the company aims to achieve an output value of over 2 billion yuan within five years [1] Group 2 - Luoyang City is focusing on upgrading its food industry from "Chinese kitchen" to "global dining table," establishing key enterprise lists and organizing participation in 15 major food exhibitions worldwide to help companies expand overseas [2] - The Luoyang Customs has implemented measures to facilitate the inspection and clearance of fresh and perishable agricultural products, including a "center + on-site" model for efficient 24/7 customs clearance and expedited certificate issuance [2]

Core Viewpoint - The rapid development of the Su-Xi-Tong Technology Industrial Park has transformed a previously barren area into a vibrant commercial and recreational hub, showcasing the effectiveness of the "integration of industry and city" approach [2][17]. Group 1: Development and Growth - The Su-Xi-Tong Technology Industrial Park was established in 2020 through the integration of the Su-Tong and Xi-Tong technology parks, covering an area of approximately 100 square kilometers and housing around 150,000 residents [4][5]. - In the first quarter of this year, the park's total retail sales of consumer goods increased by 21.1% year-on-year, contributing 7.47% to the city's overall growth [2][16]. - The park's GDP grew by 8% last year, with public budget revenue increasing by 7.8% and industrial output value rising by 8.5% [5]. Group 2: Strategic Initiatives - The park is focusing on developing a leisure shopping and cultural tourism hub, with plans to create a vibrant commercial area that includes shopping, cultural, and recreational facilities [6][19]. - The park has adopted a "project-first" approach, emphasizing high-quality planning and execution, which has led to a threefold increase in high-tech enterprises since its inception [5][19]. - Major projects like the Maple Leaf Town Outlet, which opened last November with over 250 brands and significant initial sales, exemplify the park's successful development strategy [10][12]. Group 3: Community Engagement and Events - The park has hosted various large-scale sports events to attract visitors and enhance community engagement, contributing to its growing popularity [12][16]. - Events such as the cycling and running competitions have drawn participants from various regions, showcasing the park's appeal beyond local residents [14][16]. - The integration of sports events with consumer promotions has created a unique "event + consumption + ecology" model, enhancing the park's attractiveness and economic vitality [16][19]. Group 4: Future Prospects - The Su-Xi-Tong Technology Industrial Park aims to become a modern city that balances business and living environments, contributing significantly to the high-quality development of the region [20]. - The park's ongoing efforts to connect with larger metropolitan areas and its focus on diverse industries indicate a promising future for its growth and development [20].

国泰海通证券研报表示，中国股市"转型牛"的格局越来越清晰，战略看多2025年：遍历冲击和出清调整 后，投资人对经济形势的认识已然充分，其对估值收缩的边际影响减小；股票价格反应的是投资者对未 来的预期，而预期变动的主要矛盾，已经从经济周期的波动，转变为贴现率的下降，尤其是无风险利率 与风险认识的系统性降低；以化解债务、提振需求与稳定资产价格的中国政策"三支箭"，以"投资者为 本"的资本市场改革，以新技术新消费的商业机会涌现，有助于重新提振投资者对长期的假设，中国股 市迈向"转型牛"。 光大证券认为，近期国内政策仍积极发力，预计后续政策仍将持续落地。随着中美两国为"对等关税"按 下90 天"暂停键"，短期内出口或将保持高增，预计消费仍是经济修复的重要动能之一。内外因素交织 之下，预计指数6月整体将保持震荡。扩内需一直是近期国内政策的重点，未来有望持续迎来政策催 化，此外，消费行业业绩整体更具韧性，建议关注食品加工、专业服务、休闲食品等行业。 6月13日，A股开启调整模式，消费、科技题材尽数回调。 食品饮料ETF（515170）跟踪中证细分食品饮料产业主题指数，聚焦白酒、饮料乳品、调味发酵品等高 壁垒、强韧性板块， ...

证券研究报告 | 浙商早知道 报告日期：2025 年 06 月 13 日 浙商早知道 2025 年 06 月 13 日 ： 张延兵 执业证书编号：S1230511010020 ： 021-80106048 ： zhangyanbing@stocke.com.cn 市场总览 ❑ 资金：周四沪深两市总成交额为 12718 亿元，南下资金净流入 55.9 亿港元。 重要观点 ❑ 【浙商固收 覃汉/沈聂萍】债券市场专题研究：继续震荡，或选择突破？——20250612 重要点评 http://www.stocke.com.cn 1/4 请务必阅读正文之后的免责条款部分 2、行业：周四表现最好的行业分别是有色金属（+1.4%)、传媒（+1.3%)、美容护理（+1.3%)、医药生物 （+1.3%)、通信（+1.0%)，表现最差的行业分别是家用电器（-1.8%)、煤炭（-1.1%)、食品饮料（-1.1%)、农 林牧渔（-1.1%)、房地产（-0.6%)。 3、资金：周四沪深两市总成交额为 12718 亿元，南下资金净流入 55.9 亿港元。 2 重要观点 ❑ 大势：周四上证指数收盘与前一天持平，沪深 300 下跌 0.1%， ...

美国总统特朗普承认，他对移民的强力打击正在伤害美国企业，并表示将进行政策调整以应对劳动力短 缺问题。"我们伟大的农民，以及从事酒店和休闲行业的人们一直在表示，我们对移民的非常强硬的政 策正在将一些优秀、长期的工人从他们那里带走，而这些岗位几乎无法填补，"特朗普在自己创建的社 交媒体平台上的一则帖子中写道。 ...

Group 1 - The core viewpoint of the article highlights the collaboration between Jinzhai Food and Kenya in the seafood industry, showcasing the export of wild deep-sea anchovies to China as a significant achievement in Sino-African trade cooperation [1] - Jinzhai Food has established a seafood processing base in Kenya since 2018, which allows for the procurement and processing of local fish, thereby creating a direct supply chain relationship [1] - The first batch of wild deep-sea anchovies from Kenya arrived in Changsha in June 2023, marking a milestone in the export of Kenyan seafood to China [1] Group 2 - The nutritional benefits of the wild anchovies include high-quality protein, DHA, and unsaturated fatty acids, making them suitable for health-conscious consumers [5] - The economic value of anchovies extends to their potential processing into products like deep-sea fish oil, contributing to the diversification of the local fishing economy [5] - Other African countries also possess rich marine resources, with Morocco, Senegal, and South Africa being key areas for sardines, while Seychelles and Tanzania are known for tuna [5] Group 3 - The construction of international logistics channels is accelerating the entry of African marine resources into the domestic market, increasing the variety and scale of seafood available [6] - Leading food processing and restaurant chain companies in China are actively engaging with African fishing suppliers to enhance local processing capabilities, which will shorten the time from ocean to table [6] - This initiative not only adds value to primary products but also provides employment and income for local communities, enhancing Sino-African cooperation in deep-sea resource development [6]

Group 1 - The core index of the CSI All Share Leisure Equipment and Supplies Index closed at 3831.41 points, with a one-month increase of 15.73%, a three-month increase of 10.59%, and a year-to-date increase of 29.85% [1] - The CSI All Share Index is categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries, providing a comprehensive analysis tool for investors [1] - The top ten weighted companies in the CSI All Share Leisure Equipment and Supplies Index include Nine Company (16.41%), Aofei Entertainment (14.21%), Chuangyuan Co. (7.07%), Zhonglu Co. (5.66%), Gaole Co. (5.22%), Huali Technology (4.77%), Jinling Sports (4.3%), Shifeng Culture (4.3%), Xinlong Health (4.06%), and Yingpais (3.94%) [1] Group 2 - The CSI All Share Leisure Equipment and Supplies Index consists entirely of leisure equipment and supplies, with a sample adjustment occurring every six months [2] - The weight factors are adjusted in accordance with the sample adjustments, which take place on the next trading day after the second Friday of June and December each year [2] - In cases of special events affecting sample companies, such as delisting or changes in industry classification, the index samples will be adjusted accordingly [2]