Core Insights - The fifth China (Ningxia) International Wine Culture Tourism Expo highlighted the integration of technology and innovation in the Ningxia wine industry, with the announcement of 27 "Five New" achievements for the Helan Mountain East region by 2025 [1][2] Group 1: New Products - A total of 14 innovative wine products were introduced, including various types of wines such as fruit-flavored Cabernet Sauvignon dry white wine, late-harvest sweet orange wine, and high-quality grape distillate [1] - Other notable products include red and white de-alcoholized wines, natural sparkling wines, and tea-flavored Chardonnay sparkling wine [1] Group 2: New Technologies - Six key technologies were unveiled, including eco-cultivation techniques for wine grapes, soil quality improvement for saline-alkali vineyards, and digital twin interaction technology for wine production [1][2] - The focus on green pest control and precise monitoring of grapevine diseases was also emphasized [1][2] Group 3: New Equipment - Six intelligent equipment innovations were presented, such as multifunctional robots for vineyard operations and ultrasonic equipment for rapid wine aging [1][2] - Other equipment includes smart management tools for vineyards and egg-shaped aging ceramic jars [1][2] Group 4: Research and Development - Several key R&D projects were approved for 2024, focusing on the precise layout of wine grape varieties and the industrialization of local yeast [2] - The establishment of a standardized production technology system for the Ningxia wine region was highlighted, aiming to enhance the quality and consistency of wine production [2] Group 5: Industry Growth - In 2024, the Helan Mountain East wine region is expected to add 4,000 acres of new grape planting area and improve 13,000 acres of low-quality vineyards [3] - The region anticipates welcoming 3 million visitors to wineries, with wine exports reaching 11.11 million yuan and a volume of 100.73 tons, marking year-on-year growth of 36.04% and 23.28% respectively [3]

Core Insights - The research from Geisenheim University indicates that white wine is emerging as a significant growth category in the Chinese wine market, projected to become the most popular wine type by 2027, surpassing red wine [1] - The study highlights a drastic decline in Chinese red wine production over the past decade, creating new opportunities for the white wine market [3] - A notable supply-demand imbalance in the white wine market is identified, with increasing demand leading to rising raw material prices, particularly in regions like Ningxia [6] Market Trends - Innovations in production techniques are being driven by the supply-demand imbalance, with wineries like Zhangyu Mosel introducing new white wine products using red grape varieties [8] - Leading domestic wineries are accelerating their white wine strategies, with brands like Célébre launching premium white wines in international markets [8] - The report predicts that German Riesling and New Zealand Sauvignon Blanc will continue to dominate the Chinese white wine import market, with significant growth in consumer awareness and preference [9] Consumer Behavior - Despite the growth potential of white wine, consumer preferences in China still favor red wine, indicating a need for effective market education [10][12] - The key factors influencing Chinese consumers' purchasing decisions are wine type rather than price, origin, or grape variety, emphasizing the entrenched perception of wine as primarily red [12] Future Opportunities - The Chinese white wine market is at a critical turning point, with potential for breakthrough development driven by both imported and domestic brands [13] - To capitalize on this potential, the industry must address raw material supply issues and challenge existing consumer perceptions [13]

中国首部系统评估全国葡萄酒产区发展综合水平的指数研究成果——《中国葡萄酒产区发展指数报告 (2025)》(以下简称《报告》)10日在宁夏银川发布。《报告》提到，中国国产精品葡萄酒已实现对国际 成熟市场出口突破，规模虽小但具备增长潜力。 《报告》由中国经济信息社研究发布，从产区建构、指数研究、产区评价和趋势洞察四个篇章进行介绍 阐述和研究分析。 《报告》提到，目前中国葡萄酒的目标市场主要集中在亚洲地区，但部分精品酒庄已开始向欧美等成熟 市场少量出口，表明中国葡萄酒品质提升和国际化探索正稳步推进。 《报告》显示，香港是中国葡萄酒最主要的出口市场，长期占据绝大部分的出口份额。此外，法国、澳 门、朝鲜、日本、美国、澳大利亚、新加坡以及缅甸等也是中国葡萄酒的出口对象。 《报告》表明，中国葡萄酒已初步形成文化主体性和影响力，但仍面临文化认知壁垒、口感偏好冲突、 品牌叙事碎片化及贸易壁垒等挑战，应抓住年轻群体"体验式消费"浪潮，与国际消费者建立连接。 《报告》还提出了"中国葡萄酒产区发展指数"，从基础支撑力、市场竞争力、发展引领力三个维度，对 中国符合条件的葡萄酒产区进行综合评价，为中国葡萄酒产区发展提供指导和参考。 当天 ...

每经记者｜温梦华 每经编辑｜肖芮冬 5月底举行的股东大会上，2024年营收、净利润"双降"的"国产葡萄酒一哥"张裕A不仅给出了"短期不乐 观，长期不悲观"的形势预判，还给股东们打了"2025年利润可能比较难看"的预防针。 10多天之后，该公司就公告称，拟转让法国白兰地资产，这也是继去年底出售葡萄基地之后的又一次资 产变卖。 拟转让法国白兰地资产 6月9日晚间，张裕A公告称，公司下属的Francs Champs Participations SAS（以下简称法国法尚公司）将 其持有的法国ETABLISSEMENTS ROULLET FRANSAC公司100%股权作价260万欧元；同时，公司将 持有的与法国富郎多公司生产经营相关的不动产作价220万欧元，一并转让给法国ELIOR GROUP SA。 据了解，法国富郎多公司前身为ROULLET家族于1838年创立的ROULLET酒庄。 2013年10月，张裕A以357.5万欧元受让法国富郎多公司全部股份；2014年12月，张裕A又以法国富郎多 公司全部股份和500万欧元现金，出资设立法国Francs Champs Participations简式股份公司，法国富郎多 ...

Core Insights - Yantai has established 16 key industrial chains focusing on manufacturing, including petrochemicals, automotive, marine engineering, and biomedicine, to enhance its modern industrial system and economic growth [1][11][25] - The city's GDP surpassed 1 trillion yuan in 2023, making it the third city in Shandong to achieve this milestone, with a projected GDP of 10,782.83 billion yuan in 2024, reflecting a growth of 6.1% [3][5] - The industrial output value in Yantai is expected to reach 3,958.04 billion yuan in 2024, with a growth rate of 7.2% [5][7] Industrial Chain Development - The 16 key industrial chains include sectors such as clean energy, cultural tourism, and industrial design, which are crucial for Yantai's economic development [1][11][17] - By 2024, the output value of 11 manufacturing industrial chains is projected to be 9,326 billion yuan, an increase of 2,334 billion yuan from 2021, with an average annual growth rate of 10.1% [13][25] - The petrochemical and chemical new materials industry is expected to exceed 1 billion yuan in output value by 2024, with specific projections of 1,854 billion yuan for this sector [17][22] Investment and Economic Structure - Fixed asset investment in Yantai is projected to grow by 3.2% in 2024, with significant increases in the second industry, particularly industrial investment, which is expected to rise by 19.6% [7][9] - High-tech industry investments have surged by 43.1%, accounting for 13.2% of total investments, indicating a strong focus on innovation and technology [9][25] Industrial Park Development - Yantai has established 45 leading industrial parks to support the 16 key industrial chains, with the total output value of these parks increasing from 4,386 billion yuan in 2021 to 6,153 billion yuan in 2024, reflecting an annual growth rate of 12% [20][19] - The number of enterprises in these parks has grown from 1,163 to 1,524, indicating a robust industrial ecosystem [20] Key Enterprises - Yantai hosts numerous prominent companies across its industrial chains, including 328 enterprises in petrochemicals and 212 in biomedicine, with major players like Wanhua Chemical and Rongchang Biopharmaceutical [22][24] - The automotive sector includes 11 vehicle manufacturers and over 560 parts suppliers, with a total output value exceeding 100 billion yuan [22][24]

Group 1: Industry Insights - The liquor industry is currently undergoing a new adjustment cycle with intensified market competition, but the overall economic outlook remains positive [1] - The liquor market is not lacking in quantity but is facing a long-term shortage of quality and aged liquor, emphasizing the need for quality improvement and brand cultivation [1][2] - The production value of the liquor industry in Suqian, Jiangsu, has increased by 6.4% in 2024, contributing significantly to the region's economic goals [3] Group 2: Company Developments - Luzhou Laojiao is focusing on enhancing cooperation with CITIC Construction in areas such as grain trade and equity cooperation to leverage mutual strengths [5] - Jinshiyuan is targeting the 400-500 RMB price range for its products in the Yangtze River Delta region, adapting to both consumption upgrades and downgrades [6] - Light Good Wine's marketing campaign linked to the popular drama "Da Feng Da Geng Ren" has resulted in significant brand exposure and sales growth, with a 198% increase in product sales [6][7] Group 3: Market Trends - The production of large-scale beer enterprises in China saw a 4.8% year-on-year increase in April 2025, indicating a recovery trend in the sector [3] - New Zealand wine exports to China have seen a substantial increase, with a 52.8% rise in volume and a 39.5% rise in value in early 2025 [8]

Core Viewpoint - The company, CITIC Naya, reported a decline in revenue for 2024 but an increase in gross profit margin, highlighting the challenges and adjustments within the domestic wine industry [1][2]. Financial Performance - CITIC Naya achieved operating revenue of 161 million yuan, a year-on-year decrease of 23.69% [2] - The company reported a net profit of 3.9947 million yuan, marking a turnaround from losses [2] - The gross profit margin for wine products was 58.88%, an increase of 5.30 percentage points compared to the previous year [2][3] Cost Management - Management expenses in Q4 2024 were only 9.09 million yuan, a reduction of 56.50% from 20.8962 million yuan in the same period of 2023 [1] - The significant decrease in labor costs was attributed to a reduction from 12.9367 million yuan to 1.6325 million yuan [1] - The company utilized previously accrued unused salary reserves of 4.51 million yuan, which contributed to the lower management expenses [1][4] Market Dynamics - The domestic wine industry is undergoing deep adjustments due to both internal and external factors, with increasing consumer demand for high-quality wines [2] - The average selling price of high-end and mid-low-end finished wines increased by 16.05% [3] - Direct sales (including group purchases) accounted for 54.83% of total sales, an increase of 13.09 percentage points from 2023 [3] Regulatory Scrutiny - The company faced regulatory attention regarding the classification of 4.51 million yuan as non-recurring gains, which was derived from previously accrued salary reserves [5] - The fourth quarter's revenue of 59.6687 million yuan represented a year-on-year increase of 18.81%, the highest proportion of annual revenue at 36.96% [4] - The company indicated that the accounting treatment of the 4.51 million yuan is subject to further verification and may be corrected if discrepancies are found [5]

证券代码：600365 证券简称：ST 通葡 公告编号：临 2025-030 通化葡萄酒股份有限公司 关于召开 2024 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 说明会类型 重要内容提示： ???会议召开时间：2025 年 06 月 20 日 （星期五） 10:00-11:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于 2025 年 06 月 13 日 （星期五） 至 06 月 19 日 （星 期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 tpgf600365@sohu.com 进行提问。公司将在说明会上 对投资者普遍关注的问题进行回答。 通化葡萄酒股份有限公司（以下简称"公司" ）已于 2025 年 4 月 公司 2024 年度经营成果、财务状况，公司计划于 2025 年 06 月 20 日 （星期五） 10:00-11:0 ...

关于部分限制性股票回购注销实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 通化葡萄酒股份有限公司 重要内容提示： ? 回购注销原因：鉴于通化葡萄酒股份有限公司（以下简称"公司"）2022 年限制性股票激励计划首次授予的 1 名激励对象因离职已不符合激励条件，根据 公司《2022 年限制性股票激励计划（草案）》的相关约定，公司对其持有的已 获授但尚未解除限售的 12 万股限制性股票全部进行回购注销。 ? 本次注销股份的有关情况 证券代码：600365 证券简称：ST 通葡 公告编号：临 2025-031 回购股份数量 注销股份数量 注销日期 一、本次限制性股票回购注销的决策与信息披露 公司本次回购注销限制性股票后，公司股本结构变动情况如下： | | | | | 单位：股 | | --- | --- | --- | --- | --- | | 类别 | 变动前 | 变动数 | | 变动后 | | 有限售条件的流通股 | 8,680,000 | | -120,000 | 8,560,000 | | 无限售条件的流通股 | ...

中新网银川6月9日电(记者杨迪李佩珊)第五届中国(宁夏)国际葡萄酒文化旅游博览会9日在银川启幕。国 内外嘉宾齐聚贺兰山下，共品葡萄美酒，共商产业未来，共同书写中国葡萄酒对话世界新篇章。 中国(宁夏)国际葡萄酒文化旅游博览会是中国首个以葡萄酒为主题的国家级、国际化综合性展会，也是 宁夏规格最高、规模最大、影响最广的葡萄酒文旅展会品牌。本届博览会为期4天，以"中国葡萄酒·当 惊世界殊——举杯·贺兰山"为主题，并首次与布鲁塞尔国际葡萄酒大奖赛联袂，实现"国家级展会+国际 顶级赛事"同期举办。 展会现场。中新网记者杨迪摄 宁夏是中国首个葡萄及葡萄酒产业开放发展综合试验区，也是国际葡萄与葡萄酒组织在中国唯一的省级 政府观察员。目前，宁夏葡萄种植面积超过60万亩，占中国的40%，130个酒庄年产酒1.4亿瓶，中国国 产酒庄酒中每2瓶就有1瓶来自宁夏，产区品牌上升到中国第一，成为中国最大的酿酒葡萄集中连片种植 区和世界公认的葡萄酒"黄金产区"之一。宁夏葡萄酒先后在国际大赛中斩获1300多项大奖、占中国获奖 总数的50%以上，葡萄酒远销40多个国家和地区。 "我们欣喜地见证了宁夏贺兰山东麓葡萄酒产区的蓬勃发展，它已成为世界葡 ...