Group 1: China Resources Beer - China Resources Beer reported a revenue of RMB 23.942 billion for the first half of 2025, a year-on-year increase of 0.8% [1] - The company's profit before interest and tax and net profit attributable to shareholders were RMB 7.691 billion and RMB 5.789 billion, respectively, showing year-on-year growth of 20.8% and 23.0% [1] - The beer sales volume reached approximately 6.487 million kiloliters, up 2.2% year-on-year, with high-end beer products seeing over 10% growth [1] Group 2: Miao Ke Lan Duo - Miao Ke Lan Duo's revenue increased by 7.98% to RMB 2.567 billion in the first half of 2025, with net profit rising by 86.27% to RMB 133 million [2] - The cheese business generated RMB 2.136 billion, a 14.85% increase year-on-year, accounting for 83.67% of total revenue [2] - The restaurant industrial cheese series saw a revenue increase of 36.26% to RMB 816 million [2] Group 3: Qiaqia Food - Qiaqia Food's revenue for the first half of 2025 was RMB 2.752 billion, a decrease of 5.05% year-on-year, with net profit down 73.68% to RMB 88.6416 million [3] - The decline was attributed to external channel changes and the timing of the Spring Festival [3] - The company expanded its overseas market presence and e-commerce channels, achieving breakthroughs in various international markets [3] Group 4: Tianwei Food - Tianwei Food is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its international strategy and capital structure [4] Group 5: Muyuan Foods - Muyuan Foods reported a revenue of RMB 76.463 billion for the first half of 2025, a 34.46% increase year-on-year, with net profit soaring by 1169.77% to RMB 10.53 billion [5] - The company achieved a complete cost of pig farming below RMB 12.1 per kg by June 2025 [6] Group 6: Estée Lauder - Estée Lauder's net sales for the fiscal year 2025 were USD 14.326 billion, a decrease of 8% year-on-year [7] - The company reported an operating loss of USD 785 million due to increased impairment and restructuring costs [7] - The brand La Mer achieved double-digit growth in organic sales in mainland China for two consecutive quarters [7] Group 7: Walmart China - Walmart's total revenue for the second quarter of fiscal year 2026 was USD 177.4 billion, a 4.8% increase year-on-year [8] - Walmart China reported net sales of USD 5.8 billion, a 30.1% increase year-on-year, with comparable sales up 21.5% [8] - E-commerce sales grew by 39%, accounting for over 50% of total sales [8] Group 8: Yonghui Superstores - Yonghui Superstores reported a revenue of RMB 29.948 billion for the first half of 2025, a decrease of 20.73% year-on-year [9] - The company incurred a net loss of RMB 241 million, attributed to strategic transformations and store closures [9] - Online business revenue reached RMB 5.49 billion, accounting for 18.33% of total revenue, with a reduction in losses compared to the previous year [9]

咸宁市市场监督管理局食品安全监督抽检信息公示（2025年第7期） 根据《中华人民共和国食品安全法》规定，咸宁市市场监督管理局近期组织对咸宁市辖区的畜禽肉及副产品、蔬菜、水产品、水果类、鲜蛋、生干坚果与籽 类食品共六类食品147批次进行监督抽检。抽样检验项目合格样品141批次，不合格样品6批次。具体情况汇总如下： 一、总体情况： 本次抽检畜禽肉及副产品7批次，不合格0批次；蔬菜40批次，不合格4批次；水产品14批次，不合格0批次；水果类76批次，不合格2批次；鲜蛋9批次，不合 格0批次；生干坚果与籽类1批次，不合格0批次（具体信息详见附件）。 二、不合格产品情况如下： （一）中百仓储咸宁购物广场有限公司通山店：香蕉（购进日期：2025-05-29），检测出吡虫啉含量0.068mg/kg（标准为0.05mg/kg）超过标准。 （二）通山县珩哲贸易有限公司：生姜（购进日期：2025-06-05），检测出噻虫胺含量0.54mg/kg（标准为0.2mg/kg）超过标准。 （三）通山县合盛和超市（个体工商户）：小芹菜（购进日期：2025-05-26），检测出噻虫胺含量0.36mg/kg（标准为0.04mg/kg）超过标准 ...

据了解，除直播选品、带货技巧、视频剪辑等培训外，沃尔玛还依托自身优势，组织采购、电商、供应 链、营运领域的专家，以志愿者身份参与项目，分享全渠道零售经验，帮助学员建立乡村产品标品化、 规模化发展的零售思维，增强她们的创业品牌自主走向市场的能力。沃尔玛还积极与学员对接，将符合 标准和资质的"她乡好货"引进沃尔玛门店及销售平台。（罗宁） 责任编辑：郭栩彤 沃尔玛中国公司事务高级副总裁佘端志表示："15年来，沃尔玛携手中国妇基会长期支持乡村女性的发 展，帮助她们通过创、就业实现经济自立。从母亲创业循环金，到@她创业计划，再到她乡好货赋能培 训公益项目，我们不断迭代公益模式，通过'资金支持'、'能力培养'、'渠道建设'多措并举，为乡村人才 发展构建了全面的帮扶体系，激活乡村经济内生动力，助力乡村产业的可持续发展。" 中国妇女发展基金会副理事长兼秘书长董葵表示："女性是推进乡村振兴的重要力量。多年来，中国妇 基会通过@她创业计划，探索乡村女性创、就业的可持续发展模式，推动女性共建共享经济社会发展成 果。沃尔玛作为项目长期合作伙伴，从资金支持到数字化赋能，持之以恒助力女性参与乡村振兴，让超 过1.8万名乡村女性从中受益。 ...

Core Insights - Walmart China reported a net sales of 5.8 billion USD for Q2 2025, representing a year-on-year growth of 30.1% [1] - The e-commerce segment of Walmart China experienced a net sales growth of 39% year-on-year [1] - The performance of Walmart China was significantly supported by Sam's Club, which saw a double-digit year-on-year growth in transaction volume [1] - In the past 12 months, Sam's Club opened 8 new stores, with 2 new stores launched in Q2 2025 [1]

你是否发现当我们进入一些折扣店时，就开始加快脚步，眼神扫描着货架上陈列的货品。 但是可能在5-10秒之后就将商品果断地放入了购物篮。 每一步的行动轨迹得到了规划，每一次的选择转变为了"必然解"。 极致的低价冲击、消除选择焦虑，就让消费者快速的爱上了它，建立了初步的信任和依赖。 比如，目前的大多数的折扣店为了减少成本，采用的货架是不同于普通商超的纸箱货架。 然而将纸箱货架堆放起来，不仅仅可以减少其运营成本，而且还可以对人们营造出"仓储式"的压迫感。 在目前的经济下行时期，大家在高消费、低收入的影响下，养成了一定的节约的习惯。 所以当面临这样堆放物品的方式时，人们觉得经济不客观，原来这些企业们也在省，也就满足了他们"能省则省"的幸福感。 迫使他们有了更加实惠、更加丰富的认知，就会尽快地做出购买决策，提高了购买的可能性。 图源：百度 并且，消费者的行为也就受到潜移默化的影响。 量贩折扣店往往天花板较高，消费者的视角就可以从上到下一览无余的看到商品、标价、地板，就更能够体现货物的分量足。 图源：百度 就感觉到自己好像进入了一个被"驯化"的场地？ 事实上，大多数的折扣店不仅在通过低价销售的模式吸引消费者，而且在当消费者 ...

Market Overview - On August 21, U.S. stock indices collectively declined, with the S&P 500 down 0.4%, the Dow Jones down 0.34%, and the Nasdaq down 0.34%, marking five consecutive declines for the S&P 500 and three for the Nasdaq [1][5] - The market is focused on the upcoming Jackson Hole global central bank conference, where Federal Reserve Chairman Jerome Powell is expected to deliver a key speech regarding future monetary policy [2][3] Federal Reserve Insights - Federal Reserve officials, including Cleveland Fed President Loretta Mester, Atlanta Fed President Raphael Bostic, and Kansas City Fed President Esther George, have expressed cautious signals, emphasizing that monetary policy should rely on data and are not in a hurry to cut rates [2][3] - Mester stated that current inflation levels remain too high and have been on the rise over the past year, indicating no reason to lower rates at this time [2] - Bostic believes that the current federal funds rate target range of 4.25%-4.5% is slightly tight and acknowledges significant uncertainty regarding the need for rate cuts [3] Economic Indicators - According to S&P Global, the U.S. manufacturing PMI expanded at its fastest pace in over three years due to stronger demand, contributing to a composite PMI that reached its highest level of the year in August [2] - This expansion has intensified ongoing inflationary pressures, as companies are increasingly passing on rising costs to customers [2] Walmart Financial Performance - Walmart reported second-quarter revenue of $177.4 billion, exceeding analyst expectations of $176.16 billion, but adjusted earnings per share of $0.68 fell short of the expected $0.74, marking the first time in three years that profits did not meet expectations [6] - Walmart raised its full-year sales growth forecast to between 3.75% and 4.75%, up from the previous estimate of 3% to 4% [6] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index rose by 1.35%, with notable gains in several Chinese companies such as XPeng Motors, which saw a nearly 12% increase, and NIO, which rose over 9% [7] - XPeng Motors reported a significant revenue increase of 125.3% year-over-year for Q2 2025, driven by a record high delivery volume of 103,200 vehicles, a 241.6% increase compared to the same period last year [7]

Core Viewpoint - Walmart's second-quarter earnings fell short of expectations for the first time in three years, primarily due to rising costs from tariffs, despite strong revenue growth and an optimistic outlook for future sales and earnings [1][3][7]. Financial Performance - Walmart reported second-quarter revenue of $177.4 billion, exceeding analyst expectations of $176.16 billion [4]. - Adjusted earnings per share were $0.68, below the expected $0.74, marking the first time in three years that earnings did not meet projections [5][12]. - The company raised its net sales growth forecast for fiscal 2026 from 3%-4% to 3.75%-4.75%, and slightly adjusted its earnings per share forecast to $2.52-$2.62 [6]. E-commerce Growth - Walmart's e-commerce sales grew by 25% globally and 26% in the U.S., with grocery and other product sales via store delivery increasing nearly 50% [10]. - The CEO highlighted that revenue growth is driven by innovation and execution, with a focus on enhancing digital experiences for customers [10]. Tariff Impact and Cost Management - The company is facing ongoing tariff pressures, which have led to increased costs. Walmart is managing these impacts on a product-by-product basis, absorbing some costs while passing others onto consumers [11]. - Approximately 50 products have seen price increases due to tariffs, including items like frying pans and jeans [11]. Membership Store Performance - Sam's Club reported same-store sales growth of 5.9%, surpassing analyst expectations of 5.2% [13]. - The net profit for Walmart in the second quarter rose to $7.03 billion, or $0.88 per share, significantly higher than the previous year's $4.5 billion or $0.56 per share [12].

据证券之星公开数据整理，近期永辉超市（601933）发布2025年中报。根据财报显示，永辉超市净利润 同比下降187.38%。截至本报告期末，公司营业总收入299.48亿元，同比下降20.73%，归母净利润-2.41 亿元，同比下降187.38%。按单季度数据看，第二季度营业总收入124.69亿元，同比下降22.62%，第二 季度归母净利润-3.88亿元，同比上升15.82%。 存货变动幅度为-41.42%,原因:报告期末门店数量减少以及季节性因素影响。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率20.8%，同比减3.58%，净利率-0.99%， 同比减278.14%，销售费用、管理费用、财务费用总计70.2亿元，三费占营收比23.44%，同比增 10.26%，每股净资产0.46元，同比减32.23%，每股经营性现金流0.13元，同比减58.92%，每股收益-0.03 元，同比减200.0% 预付款项变动幅度为-30.58%,原因:预付货款减少。 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 377 ...

众多爆款商品价格十分亲民 早晨9点半，涿州君悦广场外已是人声鼎沸。广播循环播放着当日特价清单，大幅折扣海报随处可见，排队入场的队伍拐了好几道弯。 京东折扣超市全国首店（河北涿州店）开业现场。 开业当天，客流如潮，门店采取限流措施。 "这场面快赶上春运了！""京东开的，再挤也得来看看！"排队人群中不时传来这样的议论。消费者超高的期待，成就了门店首日客流爆满的景象。 面对如潮的客流，为了保障场内秩序和顾客安全，京东折扣超市首店运营团队在开业后立即启动限流措施，现场工作人员安排顾客分批次有序进场。 京东折扣超市人气爆棚。 中国商报（记者 蒋永霞 文/图）8月16日，京东折扣超市全国首店于河北涿州正式开业，慕名而来的市民络绎不绝。加之适逢周末，开业前两日单日客流量 均逼近6万人次，仅两日便接待顾客超10万人。以涿州当地常住人口计算，相当于这座城市近六分之一的市民在该店购物，致使门店迅速启动限流机制，引 导顾客分批有序入场。 一家折扣超市，缘何能有如此强大的吸引力？ 踏入店内，众多低价商品吸引了顾客的目光：30枚鲜鸡蛋售价9.9元、24瓶纯净水7.99元，还有产地直采的土豆低至0.89元/斤，麒麟西瓜1.99元/斤、阳 ...

南方财经记者张晓慧深圳报道 工作日早上九点半，莲塘口岸周边的菜市热闹非凡，拎着小推车的香港顾客已经开始了一天的采买；几 公里外的罗湖区人民医院，同样忙碌，不少科室前都能看到跨境就医的香港患者的身影。 今年以来，深港通关人数不断刷新记录。上半年，罗湖口岸查验出入境旅客超3370万人次，位居深圳各 口岸第一；莲塘口岸出入境人数屡破新高。 巨大的"流量"不断为口岸城区衍生出新的机遇，在深圳罗湖，香港人的消费地图从吃喝购物延伸到旅 游，从扎堆口腔诊所到遍布医院全诊室。 汹涌的通关人潮背后，两个口岸所在罗湖区成为近半数香港人来深第一站。以口岸向周边辐射三公里， 罗湖集聚了港人钟爱的口腔诊所、大型购物中心和医院，自然而然构建起香港人的离港生活圈。 "目前港客基本占到商场整体客流的30%左右。"今年4月30日开业罗湖益田假日广场距离罗湖、莲塘口 岸的车程都在20分钟以内，益田假日广场营销总监马凤向南方财经介绍，商场有4成左右业态为餐饮， 主打多样的地方风味，不少餐饮首店成为吸引港客的利器。 马凤注意到，除了吃喝，香港客人的需求正在向外延伸，比如，年龄偏大的香港市民除了吃饭以外，还 有高品质的购物需求，超市负一层的罗湖首家" ...