天眼查App显示，近日，泰州申味食品有限公司成立，法定代表人为贾晓彬，注册资本50万人民币，经 营范围为许可项目：食品销售；食品互联网销售（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）；信息咨询 服务（不含许可类信息咨询服务）；经济贸易咨询；市场营销策划；企业管理咨询；日用百货销售；外 卖递送服务（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）。 ...

天眼查App显示，近日，润脉通（徐州）食品有限公司成立，法定代表人为程兵兵，注册资本10万人民 币，经营范围为许可项目：食品销售；食品互联网销售；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，具体经营项目以审批结果为准）一般项目：食品销售 （仅销售预包装食品）；食品互联网销售（仅销售预包装食品）；食品添加剂销售；供应链管理服务； 市场营销策划；企业管理；企业形象策划；品牌管理；信息咨询服务（不含许可类信息咨询服务）；餐 饮管理；食用农产品初加工；食用农产品批发；普通货物仓储服务（不含危险化学品等需许可审批的项 目）；运输货物打包服务；包装服务（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）。 ...

Group 1 - The core issue in the US-EU trade negotiations is the disagreement over the wording related to "non-tariff barriers," particularly concerning the EU's Digital Services Act, which the US views as a significant obstacle [1][3][4] - The EU is awaiting a reduction in US auto tariffs from 27.5% to 15%, but this action is contingent upon the agreement of a joint statement [3][4] - The complexity of the EU's internal decision-making process, influenced by the differing opinions of its 27 member states, is prolonging the timeline for reaching a joint statement with the US [4] Group 2 - The Digital Services Act imposes stricter regulations on large tech companies, which the current US administration considers a "non-tariff barrier" [3] - The US is keen to address digital trade barriers in discussions with trade partners, and the EU had initially agreed to tackle these issues during preliminary negotiations [3][4] - The failure to reach a joint statement could lead to ongoing disputes in sensitive areas, jeopardizing the implementation of the US-EU trade agreement [4]

天眼查App显示，近日，内蒙古笨嘴牛食品有限公司成立，法定代表人为曹启玉，注册资本30万人民 币，经营范围为一般项目：食品销售（仅销售预包装食品）；食品互联网销售（仅销售预包装食品）； 保健食品（预包装）销售；食用农产品初加工；食用农产品零售；食用农产品批发；初级农产品收购； 农副产品销售；新鲜水果零售；新鲜蔬菜零售；鲜肉零售；鲜蛋零售；服装辅料销售；服装服饰零售； 鞋帽零售；母婴用品销售；家居用品销售；办公用品销售；文具用品零售；日用百货销售；办公设备销 售；计算机软硬件及辅助设备零售。（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） 许可项目：食品销售；食品生产。（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）。 ...

Core Viewpoint - Shanghai Hanbo Food Co., Ltd. has been established with a registered capital of 500,000 RMB, focusing on the sale of pre-packaged food and related services [1] Company Summary - The legal representative of Shanghai Hanbo Food Co., Ltd. is Shi Yibo [1] - The company’s registered capital is 500,000 RMB [1] - The business scope includes general projects such as food sales (only pre-packaged food), agricultural and sideline product sales, food internet sales (only pre-packaged food), catering management, handling and transportation, and various technical services [1] Industry Summary - The company operates in the food sales industry, specifically focusing on pre-packaged food products [1] - The business also encompasses agricultural products and internet sales, indicating a diversified approach within the food sector [1]

Core Insights - The essential goods prices in Mongolia increased by 1.3% month-on-month in July 2025 according to the National Statistics Office of Mongolia [1] Price Changes - Potato prices rose significantly by 54.2%, reaching 2385 MNT (approximately 0.66 USD) per kilogram [1] - High-gluten flour prices increased by 2.5%, now priced at 3263 MNT (approximately 0.91 USD) per kilogram [1] - Bone-in beef prices saw a 1.3% rise, priced at 21565 MNT (approximately 6.01 USD) per kilogram [1] - Boneless beef prices increased by 0.8%, now at 24565 MNT (approximately 6.84 USD) per kilogram [1] - Bread prices experienced a slight increase of 0.2%, priced at 2497 MNT (approximately 0.7 USD) per kilogram [1] - Vegetable oil prices rose by 1.3%, now at 7548 MNT (approximately 2.1 USD) per kilogram [1] - Apple prices increased by 2%, reaching 7363 MNT (approximately 2.05 USD) per kilogram [1] Price Decreases - Prices for horse meat, bone-in mutton, low-gluten flour, milk, radishes, cabbages, onions, turnips, and beets experienced slight declines [1]

来源：财富大侦探007 本文原标题：《奉旨吹牛 | 交银施罗德品质升级A避开大牛市！今年还亏了！份额大减超七成！》 基金分享 632 ： 交银施罗德品质升级 A （ 005004 ） 各位侦探哥的粉丝们大家好，三年前，我们每天都分享一只基金，现在这个栏目又重新开始了，我们继续按照最新季度的规模排名从大到小来分 析基金，超过600只！最近我们的锐评基金都不敢"锐了"，现在只要反应基金产品业绩不好，基金公司高管变动、基金经理一拖多、风格漂移啥 的，都有可能给你戴上"写黑稿"、"敲诈勒索"的帽子，咱现在尽可能给基金公司吹牛！ 今天来分享的的这只产品是——交银施罗德品质升级A（005004），这是交银施罗德基金基金经理韩威俊管理的产品。这只基金成立时间超7年， 目前来看，成立以来业绩涨49.66了%，目前累计净值1.4966元。这只产品成立时间挺长的，在熊市中成立，经历了牛熊，现在又到了十年的新高 点，业绩按理说应该不错的，但因为之前大幅回撤，加上这个产品表现非常温吞，所以表现不佳。前几年回撤应该挺大近一年反弹涨幅都没有 15%，不仅没能填满之前的大回撤，连带着近两三年的业绩比同类平均要差很多，满屏不佳，真的太惨了！ ...

一、市场表现 二、重要新闻 1、据巴基斯坦联合通讯社报道，8月13日穆迪评级公司将巴基斯坦的本币和外币发行人评级及高级无抵押债务评级从Caa2上调至Caa1，并将巴基斯坦 的评级展望从"正面"调整为"稳定"。 4、据巴基斯坦统计局8月15日公布数据显示，巴基斯坦短期通胀较前一周上涨0.31%，同比上涨2.21%。巴基斯坦统计局利用每周短期通胀率（SPI）来 监测全国17个城市必需品的价格变动情况。在接受调查的51种商品中，17 种价格上涨，9 种价格下降，25 种价格保持稳定。 5、巴基斯坦证券交易委员会在8月13日发布的通知称，公开募股制度发布最终修订。经修订的制度已于2025年8月6日生效。未来的首次公开募股 （IPO）交易都将依据修订后的条例执行。此次修订旨在通过促进竞争、利用技术和引入透明的价格发现机制来提高首次公开募股（IPO）效率，并允许银 行和开发金融机构担任发行顾问。 6、据巴基斯坦统计局（PBS）最新报告显示，2024-2025财年，巴基斯坦大型制造业（LSM） 行业较上一年萎缩0.74%。尽管6月该行业同比增长 4.14%，但环比下降3.67%。导致负增长的主要行业包括烟草、纺织、服装、石 ...

Investment Rating - The report maintains a "Recommended" rating for the food and beverage industry [4] Core Viewpoints - The food and beverage sector in A-shares has underperformed compared to major indices, with a 1.11% increase over the past two weeks, lagging behind the Shanghai Composite Index by 2.73 percentage points [12] - The retail sales in July showed a year-on-year growth of 3.7%, indicating a slight slowdown compared to June [3] - The report highlights the resilience of high-end liquor companies and the growing interest in various segments such as craft beer and health-oriented products [56][57] Summary by Sections Market Review - In the last two weeks (August 4 - August 15), the A-share food and beverage industry rose by 1.11%, underperforming the Shanghai Composite Index by 2.73 percentage points, the Shenzhen Component Index by 4.74 percentage points, and the CSI 300 Index by 2.53 percentage points [12] - Year-to-date, the A-share food and beverage industry has decreased by 6.11%, again underperforming major indices [12] - Among sub-sectors, baked goods (+3.45%), snacks (+3.41%), and seasoning products (+2.98%) saw the highest gains, while dairy products (-1.26%), soft drinks (-0.23%), and pre-processed foods (-0.01%) experienced declines [12] Key Data Tracking - The average price of fresh milk in major production areas is 3.02 yuan/kg, down 5.9% year-on-year [35] - The national market price for pork is 25.16 yuan/kg, down 18.1% year-on-year [38] - The price of PET for water bottles is 6,100 yuan/ton, down 12.0% year-on-year [38] Key Events Tracking - Retail sales in July totaled 38,780 billion yuan, with a year-on-year growth of 3.7% [3] - Major liquor companies are entering the craft beer market, with new products launched by Wuliangye and Zhenjiu [3] - The Chinese coffee market is projected to reach approximately 1,461 billion yuan by 2025, with ready-to-drink coffee expected to maintain high double-digit growth [3] Important Company Announcements - Kweichow Moutai reported a 9.16% increase in revenue for the first half of 2025, totaling 910.94 billion yuan [55] - Chongqing Beer reported a slight decline in revenue for the same period, with total revenue of 88.39 billion yuan, down 0.24% [55] Investment Recommendations - Focus on high-end liquor companies with strong brand and distribution capabilities, such as Kweichow Moutai and Wuliangye [56] - In the consumer goods sector, there is growing interest in yellow wine, beer, and health-oriented snacks [57]

Core Viewpoint - The article emphasizes the importance of the "3S theory" in evaluating consumer brands, which includes a sufficiently large market size, standardized products for mass replication, and defensibility against competition in the Chinese market [2][3][5][6]. Group 1: Market Size and Product Standardization - The ideal market size for consumer brands should exceed 100 billion RMB [3]. - Standardized products that can be replicated on a large scale are crucial for success [4]. Group 2: Defensibility and Competition - In the competitive landscape of China, where many entrepreneurs are quick to enter lucrative markets, having defensible business models is essential [5][6]. - Despite the proliferation of new brands, only about 10 to 20 companies are expected to reach valuations above 10 billion USD [9]. Group 3: Product and Pricing Strategy - Companies must excel in either product quality or pricing to succeed in the consumer market [10]. - For channel-focused businesses, achieving extreme pricing is vital, while brand-focused companies should prioritize product excellence [12]. Group 4: Learning from Japan - The article discusses an upcoming study trip to Japan, focusing on how Japanese brands thrive in a low-growth, aging society, and the lessons that can be applied to the Chinese market [13][14]. - Japan's consumer market changes serve as a "future laboratory" for Chinese brands, providing insights into product evolution and consumer engagement strategies [18]. Group 5: Key Insights from Japanese Brands - Three core ideas from successful Japanese brands include supply chain-driven private label products, continuous iteration of key products, and defining lifestyles that resonate emotionally with consumers [19]. - Companies like Kobe Bussan and Nitori exemplify effective supply chain management and product development strategies that lead to sustained growth [20]. Group 6: Emotional Engagement and Consumer Experience - Brands like Bandai and Muji focus on emotional value and redefining consumer experiences, which are critical in today's market [21][22]. - Understanding the emotional and functional needs of consumers post-economic bubble is essential for brand positioning and product development [25].