沃尔玛、开市客转嫁关税压力给中国供应商，有企业利润锐减40% 界面新闻记者 | 赵晓娟 界面新闻编辑 | 牙韩翔 广东一家从事食品工业的公司最近非常悲观，因为北美订单的关税政策问题，损失的订单和利润亏损已经无法承受。 "到目前为止，订单量锐减，导致利润总额同比减少了40%以上。"该公司经理告诉界面新闻。 上述企业只是本轮美国对中国商品加征关税风波中被波及到的企业缩影。 3月4日起，美国对中国输美产品征收额外10%关税，累计加征关税率达到20%。为此，沃尔玛和开市客（Costco）等美国零售商要求部分中国供应商大幅降 价，以抵消美国加征关税带来的成本压力，尤其是厨具和服装等产品，部分供应商被要求在每轮关税调整中承担10%的价格降幅。 图片来源：视觉中国 针对近期沃尔玛可能要求中国供应商降价的行为，中国商务部已约谈沃尔玛。商务部称，沃尔玛已对相关情况进行了说明，但未能给出更多细节。 界面新闻多次就此向沃尔玛和开市客方面进一步了解情况，但均未能得到回应。 而部分中国供应商已经受到牵连。上述广东食品工业公司的80%业务来自海外客户，他们为合作的贸易公司生产定制的食品包材制品，例如包装袋、纸盒等 产品。这家企业的经理告 ...

Core Viewpoint - The article discusses the significant personnel changes at Yonghui Supermarket, including the departure of former CEO Li Songfeng and the entry of new leadership led by Ye Guofu from Miniso, indicating a major transformation within the company [1][4]. Personnel Changes - Yonghui Supermarket's board of directors was restructured on March 17, with Ye Guofu leading the reform team [1][4]. - Li Songfeng, the former CEO, was not included in the new board or executive team, marking a significant shift in leadership [1][4][9]. - The company is currently in search of a new CEO, leaving the position vacant as it seeks global candidates [4][5]. Shareholder Dynamics - Last year, major supporters of Yonghui, including Milk International and JD.com, lost patience and began to divest, leading to Miniso's acquisition of a significant stake in Yonghui [3][12]. - Miniso's subsidiary, Jun Cai International, acquired approximately 29.40% of Yonghui's shares for nearly 6.3 billion yuan, becoming the largest shareholder without seeking control [3][12]. Financial Performance - Yonghui Supermarket has faced substantial financial challenges, with cumulative losses exceeding 8 billion yuan from 2021 to 2023, and an expected loss of 1.4 billion yuan in 2024 [9][12]. - Despite these losses, the stock price has shown resilience, with a notable increase of nearly 130% from the acquisition price by Miniso [12]. Future Outlook - Ye Guofu expresses confidence in Yonghui's future, citing the success of Miniso and the potential for transformation within the retail sector [11]. - Plans for 2025 include the renovation of around 200 stores and the closure of 250-350 stores, with a goal to complete renovations of all existing stores by 2026 [12].

Domestic Economic Outlook - China's February PMI data exceeded expectations, indicating a strong economic start and continued recovery[3] - Despite the short-term impact of increased US tariffs on Chinese exports, government spending has significantly increased during the Two Sessions, and the central bank has indicated potential interest rate cuts, supporting a bullish outlook for the stock market[3] - The weakening US dollar has alleviated pressure on the RMB exchange rate, enhancing domestic demand and market policy support, leading to an overall increase in domestic risk appetite[3] International Economic Risks - The US has imposed a 25% tariff on global steel and aluminum products, prompting retaliatory measures from Canada and the EU, escalating global trade tensions[3] - Morgan Stanley and Goldman Sachs have downgraded US GDP growth forecasts for 2025 from 1.9% to 1.5% and from 2.2% to 1.7%, respectively, indicating a deteriorating economic outlook[4] - US February CPI slowed to 2.8% year-on-year, with core CPI at 3.1%, both below market expectations, increasing bets on at least two interest rate cuts by the Federal Reserve this year[5] Market Strategy Recommendations - Maintain a cautious bullish stance on A-share index futures (IH/IF/IC/IM) in the short term; commodities should be observed cautiously, and government bonds should also be viewed with caution[3] - The ranking of asset classes is: stock indices > commodities > government bonds[3] - In commodities, precious metals are prioritized, followed by non-ferrous metals, black metals, and energy[3] Risk Factors - Potential for unexpected tightening of Federal Reserve monetary policy[3] - Geopolitical risks and intensifying US-China tensions pose significant threats to market stability[3]

据央视新闻玉渊谭天消息，知情人士透露，3月11日， 商务部等有关部门约谈沃尔玛。沃尔 玛被约谈的原因，是其要求一些中国供应商大幅降价，企图将美对华加征关税的负担转嫁给 中国供应商和中国消费者。 玉渊谭天认为，这次约谈有以下几个值得关注的信息点： 据新华社报道，美国零售巨头沃尔玛公司2月2 0日发布最新财报显示，该公司上季度及上一财 年（截至1月3 1日）在中国的销售额实现强劲增长。 财报显示，在截至1月3 1日的上一季度，按固定汇率计算，沃尔玛在中国的净销售额达5 1亿美 元，同比上涨2 7 . 7%，显著高于此前三个季度1 6 . 2%、1 7 . 7%和1 7%的涨幅。 其中，由于中国农历新年购物季较往年提前，受此提振，沃尔玛该季度在中国的电子商务净 销售额同比增长3 4%，而此前三个季度涨幅为2 3%、2 3%和2 5%。沃尔玛公司表示，过去1 2 个月在中国新开了6家山姆会员店。 财报显示，该公司在上一财年共实现6 7 4 5 . 3 8亿美元净销售额，同比增长5%。沃尔玛预计， 新财年业绩增长或将放缓。新财年净销售额预计将增长3%至4%，调整后经营利润预计增长 3 . 5%至5 . 5%，低于上一财 ...

以下文章来源于并购最前线 ，作者周佳丽 杨继云 并购最前线 . 投资界（PEdaily.cn）旗下，专注并购动态 2025并购时代 。 作者 I 周佳丽 杨继云 报道 I 投资界-并购最前线 20 25开年，一场大并购来了。 1月1日晚间，阿里巴巴发布公告，宣布子公司及New Re t a il将出售所持高鑫零售全部股 权，合计占高鑫零售已发行股份总数约78. 7%。阿里为"有序退出非核心资产"，战略聚 焦核心业务落下了重要一步棋。 至此，盛传了数月的"大润发卖身"一案落定，买家也终于浮出水面——德弘资本。据 悉，双方已达成交易，针对待售股份，阿里相关方有权收取最高金额约131.38亿港元。 这无疑又是眼下并购浪潮的一抹缩影。 昨晚，大润发母公司被卖了 高鑫零售一度是阿里巴巴"新零售试验田"。 时间回到20 16年10月，马云在云栖大会上正式提出了"新零售"的概念。一夕之间，互联 网改革传统零售商业的理论瞬间点燃，一批批超级物种在风口之下拔地而起。此间，阿 里巴巴也在通过入股的方式，布局自己的新零售版图。 大润发母公司高鑫零售便是其霸气一役。 20 17年，阿里巴巴首次入股高鑫零售，当时宣布投入224亿港元， ...