天眼查App显示，近日，吴江巧食行食品店（个体工商户）成立，法定代表人为吴红亚，注册资本1万 人民币，经营范围为许可项目：酒类经营（依法须经批准的项目，经相关部门批准后方可开展经营活 动，具体经营项目以审批结果为准）一般项目：食品互联网销售（仅销售预包装食品）；保健食品（预 包装）销售；日用百货销售；食品销售（仅销售预包装食品）；互联网销售（除销售需要许可的商 品）；办公用品销售；工艺美术品及礼仪用品销售（象牙及其制品除外）；工艺美术品及收藏品零售 （象牙及其制品除外）；文具用品零售；礼品花卉销售；日用品销售（除依法须经批准的项目外，凭营 业执照依法自主开展经营活动）。 ...

Core Viewpoint - A new dairy product supermarket named "Shuangheershan Dairy Products Supermarket" has been established in the Horqin Left Back Banner, with a registered capital of 60,000 RMB and is operated by Bai Wenlong [1] Company Summary - The supermarket is registered as an individual business entity and is involved in food sales and alcoholic beverage operations [1] - The business scope includes licensed projects such as food sales and alcohol sales, which require approval from relevant authorities before operation [1] - The general business activities include the sale of pre-packaged food and retail of edible agricultural products, which can be conducted independently with a business license [1]

Group 1 - A new individual business named "Panlong District Mingxing Food Sales Store" has been established, with Yang Mingxing as the legal representative [1] - The registered capital of the business is 10,000 RMB [1] - The business scope includes general projects such as food sales (only pre-packaged food), fresh egg retail, agricultural and sideline product sales, internet sales (excluding goods requiring permits), takeaway delivery services, and personal internet live streaming services [1] Group 2 - The business is authorized to conduct food sales, which requires approval from relevant authorities before operation [1] - Specific business activities are subject to approval documents or permits from relevant departments [1]

Core Insights - BBB Foods (TBBB) reported revenue of $963 million for the quarter ended June 2025, reflecting a year-over-year increase of 22.2% [1] - The earnings per share (EPS) was -$0.13, a decline from $0.17 in the same quarter last year, with an EPS surprise of -225% against the consensus estimate of -$0.04 [1] Financial Performance Metrics - The reported revenue was slightly below the Zacks Consensus Estimate of $967.94 million, resulting in a revenue surprise of -0.51% [1] - BBB Foods' shares have returned +5.1% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The company has a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3] Store Performance - Total stores reached 3,031, exceeding the average estimate of 3,022 by two analysts [4] - Same Store Sales Growth was reported at 17.7%, surpassing the average estimate of 15.4% [4] - The number of stores opened was 142, compared to the average estimate of 133 by two analysts [4]

Group 1 - A new company, Qujing Ge Yi Food Co., Ltd., has been established with a registered capital of 50,000 RMB [1] - The legal representative of the company is Yin Si [1] - The business scope includes food sales, online sales of pre-packaged food, retail of fresh vegetables and fruits, and sales of health food [1] Group 2 - The company is authorized to conduct business activities only after obtaining necessary approvals from relevant authorities [1] - The general projects include internet sales (excluding items requiring permits), daily necessities sales, and daily goods sales [1] - The company is permitted to operate independently based on its business license, except for projects that require approval [1]

Group 1 - The establishment of Dujiangyan City Yuanwei Xinpin Food Business Department, a sole proprietorship, has been registered with a legal representative named Wu Kui [1] - The registered capital of the company is 20,000 RMB [1] - The business scope includes general projects such as food sales (only pre-packaged food), retail of edible agricultural products, sales of agricultural and sideline products, and internet sales (excluding items requiring permits) [1] Group 2 - The company is authorized to engage in the sale of alcoholic beverages, subject to approval from relevant authorities [1] - The business activities are conducted in accordance with the business license, allowing for self-initiated operations unless otherwise required by law [1]

Core Viewpoint - A new individual business named Xiang Manyuan Food Store has been established in Hunan Xiangjiang New Area, focusing on food sales and various retail activities [1] Company Summary - The legal representative of the newly established food store is Long De [1] - The registered capital of the business is 50,000 RMB [1] - The business scope includes licensed projects such as food sales and liquor sales, which require approval from relevant authorities [1] Industry Summary - The general business activities include internet sales of food (only pre-packaged food), sales of health food (pre-packaged), fresh fruit retail, agricultural product sales, fresh vegetable retail, office supplies sales, daily necessities sales, stationery retail, daily household appliances retail, home appliance sales, electronic product sales, textile product sales, hardware retail, and delivery services [1] - The business is allowed to operate independently based on its business license, except for projects that require approval [1]

Group 1 - The establishment of Xinghua Zhaoji Better and Better Braised Food Store is a new business venture in the food industry [1] - The legal representative of the business is Zhao Hanmei, indicating a personal ownership structure [1] - The registered capital of the business is 30,000 RMB, which reflects a small-scale operation [1] Group 2 - The business scope includes food production, food sales, and internet sales of food, indicating a diverse range of activities [1] - The store is also involved in the sale of agricultural products, fresh meat, and fresh eggs, which aligns with current consumer trends towards fresh and local food [1] - The operation of the business is subject to approval from relevant authorities, highlighting regulatory considerations in the food industry [1]

Financial Performance - Gross Revenue increased to R$ 21 billion, a growth of 7.2%[11] - Pre-IFRS16 Net Income reached R$ 264 million, up 60%[12] - Post-IFRS16 Net Income reached R$ 219 million, up 78%[12] - Free Cash Flow reached R$ 2.7 billion LTM[13] Profitability - EBITDA Margin Pre-IFRS16 increased by 0.3 percentage points to 5.7%[5, 13] - EBITDA increased by R$ 0.5 billion Pre-IFRS16 LTM[12] Debt and Leverage - Net debt decreased by R$ 0.2 billion[12] - Leverage reduced by 0.48x to 3.17x compared to Q2 2024[12] - Net Debt + Discounted Receivables was R$ 13.8 billion as of June 2025[21] Cash Generation - Operating Cash Generation was R$ 3.9 billion, representing 90% EBITDA conversion to cash[21] - Total Cash Generation was R$ 0.7 billion[21] Expansion and Sales - Same Store Sales increased by 4.6%[11] - The company plans to open 10 new stores in 2025 and 10 new stores in 2026[7] Sustainability - Achieved a 20% reduction in scope 1 and 2 emissions compared to the target, aligned with a 42% reduction by 2030 (base year 2021)[29] - Reused 44% of waste, an increase of 1.2 percentage points compared to Q2 2024[29]

Overall Situation - The Tibet Autonomous Region's Market Supervision Administration conducted a food safety inspection of 1,121 batches, with 1,097 passing and 24 failing [1] - The inspection included 304 batches of agricultural products, 249 batches of catering food, 21 batches of starch and starch products, 47 batches of alcoholic beverages, 33 batches of edible oils and fats, and 40 batches of candy products [2] Inspection Results - Agricultural products: 304 batches inspected, 291 passed, 13 failed - Catering food: 249 batches inspected, 244 passed, 5 failed - Starch and starch products: 21 batches inspected, 19 passed, 2 failed - Alcoholic beverages: 47 batches inspected, 46 passed, 1 failed - Edible oils and fats: 33 batches inspected, 31 passed, 2 failed - Candy products: 40 batches inspected, 39 passed, 1 failed - Health food and other categories: 427 batches inspected, all passed [2] Non-compliant Products - Specific products with pesticide residues exceeding limits include: - Green beans, carrots, and leeks with excessive levels of pesticides like thiamethoxam and acetamiprid [3][4][6] - Food products with aluminum residue exceeding limits include: - Various fried foods and potato flour products [3][4] - Other non-compliant products include: - Alcoholic beverages with incorrect alcohol content and edible oils with high peroxide values [4][5] - The Market Supervision Administration has mandated local authorities to take immediate action to address these non-compliant products [7]