[微风]2025年的中国商业版图上，上演着极其魔幻的"冰火两重天"。随着新任日本首相高市早苗抛出"台海有事即介 入"的狂言，舆论场瞬间被点燃。这股情绪不仅是网上的声讨，更直接传导到了股市，单是日本高端百货代表三越 伊勢丹的股价应声暴跌，美妆巨头资生堂也惨遭重挫。 热销商品外衣下的"隐藏色" 中国文旅部发出谨慎赴日提醒的当口，三菱汽车无奈退场，曾经随处可见的日产和本田，在华销量也连番下滑，甚 至要靠降价续命。 在日系品牌要全面"败走麦城"的时候，走进任意一家热闹的商场或超市，出现了另一番截然不同的景象。 货架上，孩子们最爱的"小红瓶"养乐多依旧是销售冠军。收银台前，手里拿着三得利乌龙茶和格力高饼干的年轻人 排着长队。平价西餐厅萨莉亚门口，甚至因为排号的人太多造成了拥堵。 这一冷一热的背后，是曾经占据中国市场30%份额的日系车如今跌到10.8%的历史低点，日本家电被美的、海尔挤 压到市场份额不足8%时，真正的"猎手"其实早已换了身份，在市场里完成了完美转变。 这种"隐身术"的第一层，叫作"深度本土化"。 很多人至今都觉得三得利是某个福建的茶企，毕竟它的瓶身上醒目地标着"原料产自福建"，甚至还贴心推出了桂 花、橘皮 ...

Core Insights - The article discusses the recent appointment of Pan Jiajie as the Senior Vice President of Supply Chain at Guming, highlighting the company's ongoing expansion needs and strategic focus on supply chain management [4][6]. Group 1: Leadership Changes - Pan Jiajie, formerly a senior executive at Wahaha Group, has joined Guming to oversee new business incubation and supply chain operations [4]. - His extensive experience in supply chain management at Wahaha, where he held various leadership roles, is expected to benefit Guming as it continues to grow [5][6]. Group 2: Company Performance and Strategy - Guming has achieved the highest growth rate among six newly listed tea beverage companies in the first half of the year [6]. - The company plans to expand its brand store count by no less than 3,000 by 2025, with a target of reaching 20,000 stores by 2027 [6][7]. - Guming's strategy focuses on maximizing regional density and leveraging supply chain advantages to maintain cost control while rapidly introducing new products [6]. Group 3: Market Position and Challenges - Guming's expansion into first-tier cities is anticipated as a natural progression, necessitating the recruitment of more supply chain talent [7]. - Wahaha Group is currently facing internal turmoil due to ownership disputes and trademark issues, leading to a significant reduction in its workforce [7].

天眼查App显示，近日，汶川巴朗山饮品有限公司成立，法定代表人为杨莉，注册资本300万人民币， 经营范围为许可项目：饮料生产；茶叶制品生产；食品生产；食品销售；道路货物运输（不含危险货 物）。（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，具体经营项目以相关部门批准文 件或许可证件为准）一般项目：农副产品销售；信息咨询服务（不含许可类信息咨询服务）；停车场服 务；露营地服务；销售代理；工艺美术品及礼仪用品销售（象牙及其制品除外）；机械设备租赁；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）（涉及国家规定实施准入特 别管理措施的除外）。 ...

Core Insights - Discount supermarkets and bulk stores are rapidly emerging as a significant force disrupting traditional beverage channels, with a notable increase in consumer penetration in snack stores from 20% in 2023 to 40% [2][3] - Beverage brands are beginning to adapt to this channel restructuring, acknowledging the rapid growth of discount supermarkets despite initial resistance due to concerns over price disruption [3][4] Group 1: Market Dynamics - Discount stores like Haote Mai and bulk stores are selling beverages at significantly lower prices, with discounts ranging from 30% to 50% compared to convenience stores [4][10] - The sales growth in snack stores has reached 20% when comparing rolling annual sales data from June 2024 to June 2025 [2] Group 2: Brand Strategies - Major beverage companies are increasingly collaborating with discount stores to maintain market presence, with some brands adjusting their pricing strategies to align with these channels [11][12] - Companies like China Wangwang and Huanle Jia have reported significant revenue contributions from snack store channels, with Wangwang's contribution rising from 10% in 2024 to 15% in 2025 [12][14] Group 3: Consumer Behavior - Consumers are becoming more price-sensitive, often comparing prices between discount stores and traditional retailers, which is influencing purchasing decisions [10][11] - The trend of purchasing beverages with shorter shelf lives is growing, as consumers prioritize immediate consumption over long-term storage [5][7] Group 4: Product Customization - Beverage brands are developing customized products specifically for discount channels, allowing them to maintain competitive pricing while protecting traditional distribution channels [16] - Notable examples include Coca-Cola's introduction of smaller packaging sizes for discount stores, aimed at price-sensitive consumers [14][16]

Core Viewpoint - Swire Group's Hong Kong headquarters has laid off approximately 10% of its staff, affecting around 40 employees across departments such as sustainability, finance, and risk management, including the head of sustainability, Mark Harper [1][2]. Group 1: Company Restructuring - The recent layoffs mark the first significant job cuts at Swire Group's headquarters in years, as the company aims to enhance overall efficiency and streamline processes [2]. - Swire Group, established in 1816, operates in five major sectors: real estate, aviation, beverages, marine services, and trading, employing over 121,000 people globally, with more than 500 at its Hong Kong headquarters [2]. Group 2: Real Estate Performance - Swire Properties' retail business has shown signs of recovery, with all three core shopping centers in Hong Kong maintaining a 100% occupancy rate and experiencing varying degrees of sales growth as of the end of September [2]. - Specific sales growth figures include a 3.6% increase for Taikoo Place, 3% for Taikoo City, and 0.2% for Cityplaza [2]. Group 3: Mainland Market Activity - The retail market in mainland China is more vibrant, with notable sales growth reported: 41.9% for Shanghai's Xinyi Taikoo Hui, 7.8% for Beijing's Sanlitun Taikoo Li, and 5.6% for Shanghai's Qiantan Taikoo Li [3]. Group 4: Office Property Challenges - The office property segment remains weak, with rental rates declining by 13% at Taikoo Place and 15% at Taikoo Square [5]. - As of the end of September, the overall office occupancy rate in Hong Kong was 92%, down from 93% in 2024, with Taikoo Square's occupancy dropping from 93% to 90% [5]. Group 5: Financial Performance - Swire Properties reported a significant fair value loss of HKD 4.68 billion in investment properties for the first half of the year, compared to HKD 879 million in the same period last year, primarily due to the Hong Kong office portfolio [6]. - Despite the challenges, the company achieved a revenue of HKD 8.723 billion, a 20% year-on-year increase, while the attributable recurring profit decreased by 4% to HKD 3.42 billion [6]. - This marks the first time in 15 years that Swire Properties has reported a loss in interim attributable profit, although the sale of multiple properties in Miami contributed to a 15% increase in basic earnings to HKD 4.42 billion [8].

你好，我们是凤凰网财经，全球华人都在看的财经公众号，传播最有价值的财经报道，你值得关注！欢迎访问： http://finance.ifeng.com/ 许思敏2022年加入娃哈哈。 以下文章来源于凤凰网财经 ，作者风暴眼 凤凰网财经 . 这还不是许思敏飞速晋升的开始。天眼查数据显示，在宗馥莉接手娃哈哈后，许思敏在2024年9月即担任"杭州娃哈哈集团有限公 司"（下称"娃哈哈集团"）监事，在2024年12月担任重庆市涪陵娃哈哈饮料有限公司经理、法人。 2025年2月开始，许思敏先后担任杭州娃哈哈食品有限公司监事；浙江娃哈哈创业投资有限公司监事；吉林娃哈哈食品有限公司 法人、总经理等职位。许思敏最新一条任职动态是在2025年5月，其开始担任浙江娃哈哈实业股份有限公司董事一职。从任职轨 迹来看，许思敏在宗馥莉掌舵娃哈哈后，进入公司的核心圈。 其担任职务的公司，宏胜系、娃哈哈系兼具。如其担任娃哈哈集团监事的同时，也在浙江娃哈哈创业投资有限公司担任监事。该 公司由宗馥莉100%控股的杭州娃哈哈宏振投资有限公司持股90%。 许思敏火箭般的晋升速度，上述人士表示自己也一度十分惊讶。 在"哈哈号角"微信公众号上，2024年1 ...

Core Viewpoint - The transition of leadership at Wahaha Group marks the end of an era dominated by the Zong family, with Xu Simin taking over as the new chairman and general manager, raising questions about the company's future direction and challenges ahead [5][6][23]. Group 1: Leadership Transition - Xu Simin, aged 31, has officially succeeded Zong Fuli as the legal representative, chairman, and general manager of Wahaha Group [5][6]. - Zong Fuli had submitted her resignation on September 12, 2025, and the internal approval processes were completed thereafter [8][9]. - Xu Simin's background includes a law degree from Zhejiang University and experience in handling legal matters at Wahaha, which may be crucial for navigating the company's current challenges [14]. Group 2: Performance Under Zong Fuli - During Zong Fuli's leadership, Wahaha achieved significant revenue growth, with 2024 revenues reaching 70 billion yuan, an increase of 20 billion yuan, or approximately 40% year-on-year [16]. - However, Zong Fuli faced internal family disputes and legal challenges, including a lawsuit from her half-siblings over a $2.1 billion trust fund, which complicated her leadership [16][17]. - The company also encountered trademark disputes, with major shareholders blocking the transfer of the "Wahaha" trademark to the Hongsheng Group, leading to the creation of a new brand, "Wawa Xiaozong" [17]. Group 3: Future Challenges - The new leadership under Xu Simin is seen as a response to the complex market environment and internal governance issues, with a focus on compliance and risk management [18]. - Despite the leadership change, Zong Fuli retains a 29.40% stake in the company, indicating her continued influence on strategic decisions [20]. - The beverage industry is becoming increasingly competitive, with rivals like Nongfu Spring and Yi Bao intensifying their market presence, posing ongoing challenges for Wahaha [22].

Group 1 - The public relations battle between Hua Yu Hua and Luo Yonghao has intensified, with Hua Yu Hua's founder making bold statements and refusing to apologize [3] - Zong Fuli has officially stepped down as the chairman and general manager of Wahaha, with Xu Simin taking over the roles while Zong retains a 29.40% stake in the company [2] - Evergrande's liquidators have achieved a significant victory by freezing $220 million in assets belonging to Xu Jiayin's ex-wife, which aids in recovering debts owed to creditors [4] Group 2 - The conflict between former Hubei billionaire Lan Shili and Golden Dragon Fish has escalated, stemming from a video that led to a defamation lawsuit, resulting in a court ruling against Lan [5] - The sudden announcement of a company-wide shutdown at Mohe Technology, a subsidiary of Great Wall Motors, has raised concerns about potential dissolution, with employees left uncertain about their future [6][7] - Vanke's bonds have experienced a significant drop, with some bonds falling over 20%, leading to speculation about the reasons behind this decline, including potential information leaks regarding bond extensions [9] Group 3 - Mandi International has submitted its IPO application, revealing a dominant market position in the hair loss treatment sector with a 57% market share, but faces concerns over high marketing costs and product controversies [10] - Qingyue Technology is under investigation for suspected financial fraud, facing the risk of forced delisting, which has led to a significant drop in its stock price [11] - Major state-owned banks have collectively stopped offering five-year large-denomination time deposits, indicating a trend of withdrawal from long-term deposit products in the banking sector [12]

Group 1 - The core point of the article highlights significant changes in the food and beverage industry, including leadership changes and financial performance issues [1] - Zong Fuli has stepped down as the chairman and legal representative of Wahaha Group, indicating a potential shift in company strategy or governance [1] - "The first stock of Chinese noodle restaurants," Jujian Xiaomian, has initiated its IPO process and is expected to be listed on December 5 [1] Group 2 - Jiuziyuan reported a 48.69% decrease in profits for the third quarter, reflecting a decline in product sales across the board [1] - Pangge Liang responded to discrepancies in the size of crab shells and crab meat, indicating quality control issues in their product offerings [1] - Yibin has launched intelligent brewing standards for the liquor production area, integrating industrial internet and smart sensing technology, which may enhance production efficiency [1]

Core Viewpoint - The company *ST Lanhua (000929.SZ) announced that its subsidiary, Huanghe (Chongqing) Beverage Co., Ltd., has completed the preliminary preparations for its juice beverage project and is ready to enter the trial production phase soon [1] Group 1 - The subsidiary, Huanghe (Chongqing), has completed the purchase of factory buildings and the installation and debugging of equipment [1] - The project is now equipped for trial production, indicating a significant step forward in the company's operational capabilities [1]