摘要：品牌人物界的"奥斯卡"喜迎20周年，为中国品牌凝聚智慧与力量！ 12月28日至30日，由品牌联盟、华夏文化促进会主办，深圳市企业联合会、深圳工业总会、学习型中国 论坛及LOOKWE|全球外交官中国文化之夜联合主办的2025（第二十届）中国品牌人物年会在深圳举 行。 本届年会以"谁为中国赢得尊敬"为主题，汇聚政、商、产、学、媒等各界精英逾两千人，通过开幕式、 主论坛、荣耀盛典及闭门夜话等系列活动，共同回顾中国品牌发展历程，展望未来品牌建设趋势。活动 开幕式由《艾问iAsk》创始人、央视原财经评论员艾诚主持。值得关注的是，本届年会适逢20周年里程 碑时刻，数十位历届中国十大品牌年度人物荣耀回归。 中国品牌节主席、品牌联盟董事长王永作为主办方代表致辞，他表示："感谢历届中国十大品牌年度人 物、所有为中国品牌事业奋斗的同行者，以及一路支持品牌联盟的伙伴。我们致敬每一位坚守长期主义 的品牌人物——长期主义并非固守一条易行之路，而是在征途日益艰难时，仍能找到前行的方向。展望 未来，风口或许会变，但扎根者永远拥有生长的土壤。愿我们继续'深挖洞，广积粮，缓称王'，脚踏实 地，共赴新征程。" 学习型中国论坛创始人、总策划 ...

新京报讯据市场监管总局消息，元旦前夕，该局采取线下和线上联动模式开展元旦热销食品专项抽检， 合格率为99.53%，各类食品总体质量安全状况良好。 在抽样场所上，覆盖全国31个省份的旅游景区、大型商超、高速服务区、火车站周边等节日人流量大的 场所以及京东、天猫、淘宝等10个网络平台。在抽检品种上，重点抽检饮料、酒类、炒货食品等10类节 日热销的预包装食品，以及鱼虾、鸡肉、猪肉等家庭聚餐常用食材，共634批次。在检验项目上，重点 检测超范围超限量使用食品添加剂、微生物污染、农兽药残留等144个项目。 抽检结果显示，食用油、乳制品、肉制品、炒货食品、酒类等10个食品大类未检出不合格样品，其中汤 圆、水饺连续3年未检出不合格样品。但仍需注意饮料中微生物污染、酱油中质量指标不达标、海水虾 兽药残留超标等问题。 针对本次抽检发现的不合格样品，市场监管总局已督促属地监管部门开展核查处置。 ...

Market Overview - The Shanghai Composite Index increased by 0.11% today, with a trading volume of 1,004.34 million shares and a transaction value of 17,424.85 billion yuan, representing a 0.72% increase compared to the previous trading day [1]. Industry Performance - The top-performing industries included: - Oil and Petrochemicals: Up by 2.43%, with a transaction value of 162.59 billion yuan, led by Tongyi Co., which rose by 10.01% [1]. - Machinery Equipment: Increased by 1.38%, with a transaction value of 1,591.32 billion yuan, led by Buke Co., which surged by 20.00% [1]. - Automotive: Gained 1.35%, with a transaction value of 949.77 billion yuan, led by Tsinghua Technology, which rose by 30.00% [1]. - The worst-performing industries included: - Commercial Retail: Decreased by 1.66%, with a transaction value of 298.04 billion yuan, led by Baida Group, which fell by 10.00% [2]. - Social Services: Down by 1.13%, with a transaction value of 104.28 billion yuan, led by Tian Su Measurement, which dropped by 15.65% [2]. - Real Estate: Fell by 1.02%, with a transaction value of 180.88 billion yuan, led by Suzhou High-tech, which declined by 6.88% [2].

在抽样场所上，覆盖全国31个省份的旅游景区、大型商超、高速服务区、火车站周边等节日人流量大的 场所以及京东、天猫、淘宝等10个网络平台。在抽检品种上，重点抽检饮料、酒类、炒货食品等10类节 日热销的预包装食品，以及鱼虾、鸡肉、猪肉等家庭聚餐常用食材，共634批次。在检验项目上，重点 检测超范围超限量使用食品添加剂、微生物污染、农兽药残留等144个项目。 抽检结果显示，食用油、乳制品、肉制品、炒货食品、酒类等10个食品大类未检出不合格样品，其中汤 圆、水饺连续3年未检出不合格样品。但仍需注意饮料中微生物污染、酱油中质量指标不达标、海水虾 兽药残留超标等问题。 针对本次抽检发现的不合格样品，市场监管总局已督促属地监管部门开展核查处置，守护好节日期间人 民群众"舌尖上的安全"。 来源：环球网 【环球网综合报道】据"市说新语"微信公众号12月29日消息，元旦前夕，市场监管总局采取线下和线上 联动模式开展元旦热销食品专项抽检，合格率为99.53%，各类食品总体质量安全状况良好。 ...

"如果丢了工作，可能下个月的生活费就没有了。" 说这话的不是流浪汉，是一个在仓库有正式工作的美国合法公民。来美国最初的那几天打了几次Uber，和各个种族、背景的司机聊过。这位兼职的老墨司 机说这话时语气很平静，就像在描述今天的天气。 这不是个案。根据2025年5月美联储发布的《美国家庭经济状况调查报告》，37%的美国成年人连400美元的意外都无法轻松应对——一次小型车祸的自付 额，一次急诊的挂号费，一台坏掉的冰箱，就可能压垮一个人。只有55%的美国人有足够的应急储蓄覆盖三个月支出，30%的人表示无论用什么方式都撑 不过三个月。 这些数字不是贫困线以下的人群画像，而是覆盖了大量年薪五万、八万、甚至十万美元的中产家庭。收入看起来体面，但财务结构已经绷到极限。这就是 最近国内热议的"斩杀线"——美国人自己很少用这个词，因为这种处境就是日常本身。 作为一个长期关注消费赛道的投资者，我更关心一个被忽视的问题：为什么市场给美国消费定价"韧性"，给中国消费定价"疲软"？但如果把视角从数据表 现切换到数据结构上，会看到完全不同的东西—— 美国人的消费更多是一种义务，想活成个人样就得花钱；中国人的消费更多是一种权利，不花钱也能 ...

截至9月30日，百润股份股东户数4.17万，较上期增加20.70%；人均流通股17345股，较上期减少 17.15%。2025年1月-9月，百润股份实现营业收入22.70亿元，同比减少4.89%；归母净利润5.49亿元，同 比减少4.35%。 分红方面，百润股份A股上市后累计派现26.73亿元。近三年，累计派现8.33亿元。 机构持仓方面，截止2025年9月30日，百润股份十大流通股东中，酒ETF（512690）位居第五大流通股 东，持股1679.30万股，相比上期增加578.90万股。兴全合润混合A（163406）退出十大流通股东之列。 责任编辑：小浪快报 12月29日，百润股份涨0.09%，成交额1.28亿元。两融数据显示，当日百润股份获融资买入额899.64万 元，融资偿还1200.92万元，融资净买入-301.28万元。截至12月29日，百润股份融资融券余额合计2.71 亿元。 融资方面，百润股份当日融资买入899.64万元。当前融资余额2.62亿元，占流通市值的1.16%，融资余 额超过近一年50%分位水平，处于较高位。 融券方面，百润股份12月29日融券偿还800.00股，融券卖出1.49万股，按 ...

12月29日，贝因美（维权）跌0.97%，成交额1.71亿元。两融数据显示，当日贝因美获融资买入额 1465.55万元，融资偿还1770.85万元，融资净买入-305.30万元。截至12月29日，贝因美融资融券余额合 计3.52亿元。 融资方面，贝因美当日融资买入1465.55万元。当前融资余额3.52亿元，占流通市值的5.33%，融资余额 超过近一年50%分位水平，处于较高位。 分红方面，贝因美A股上市后累计派现9.61亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，贝因美十大流通股东中，香港中央结算有限公司位居第六大流通 股东，持股918.23万股，相比上期增加436.16万股。天弘中证食品饮料ETF（159736）位居第八大流通 股东，持股427.28万股，相比上期增加52.32万股。 责任编辑：小浪快报 资料显示，贝因美股份有限公司位于浙江省杭州市滨江区伟业路1号10幢，成立日期1999年4月27日，上 市日期2011年4月12日，公司主营业务涉及从事婴幼儿食品、奶基营养品的研发、生产和销售。主营业 务收入构成为：奶粉类89.20%，其他(补充)4.69%，米粉类3.54% ...

Core Viewpoint - The new investment themes for 2026 are emerging in the commodity market, real industry chain, and foreign exchange market, driven by a scenario where investment exceeds consumption, leading to increased physical consumption across various manufacturing sectors [1] Group 1: Investment Opportunities - Focus on AI investments and the recovery of global manufacturing, particularly in industrial resource products such as copper, aluminum, tin, lithium, crude oil, and oil transportation [1] - Attention to China's equipment export chain, which has global comparative advantages and is confirmed at the bottom of the cycle, including power grid equipment, energy storage, lithium batteries, photovoltaics, engineering machinery, and commercial vehicles [1] - Identify domestic manufacturing sectors that are showing signs of bottom reversal, such as chemicals (dyeing, coal chemicals, pesticides, polyurethane, titanium dioxide) and wafer manufacturing [1] Group 2: Consumer Recovery - Capture the recovery in consumption driven by inbound tourism and rising household income, focusing on sectors like aviation, hotels, duty-free shops, and food and beverages [1] Group 3: Non-Banking Financial Sector - Benefit from the expansion of the capital market and the bottoming out of long-term asset returns, particularly in non-bank financial sectors such as insurance and brokerage [1]

Core Viewpoint - The domestic food and beverage industry in China has entered a mature phase with slowing growth, but recent policy benefits, supply chain advantages, and product enhancements have laid the groundwork for domestic companies to expand overseas [2][3]. Group 1: Market Overview - The overall growth rate of the domestic food and beverage industry is projected to be only 2.0% from 2020 to 2024, with traditional categories like mid-range beer and basic condiments entering a phase of stock competition [3]. - Some niche segments, such as energy drinks and compound seasonings, continue to show high growth, but the industry as a whole faces a ceiling [3]. - The RCEP agreement and cross-border trade facilitation actions have reduced tariffs and logistics costs, enhancing the conditions for Chinese companies to go global [3]. Group 2: Global Market Opportunities - The CAGR for the food and beverage industry in Southeast Asia, the U.S., and Western Europe from 2020 to 2024 is projected to be 4.6%, 5.9%, and 4.7% respectively, significantly higher than China's 2.0% [3][5]. - Southeast Asia has a population of approximately 600 million, with a young demographic and dietary habits similar to China, making it an attractive market for entry [3][7]. - The U.S. market, with a size of $919.8 billion, offers substantial opportunities due to its large scale and high consumer purchasing power, particularly among the growing Asian population [3][5]. - The EU has a high per capita GDP of $41,423, indicating strong consumer purchasing power and a clear trend towards premium products, providing space for differentiated offerings [3][5]. Group 3: Successful Case Studies - Kikkoman successfully entered the U.S. market in the 1960s by focusing on brand cultivation and local production, demonstrating the importance of understanding market inflection points and building a global distribution system [4]. - Domestic company Mixue has rapidly expanded overseas by leveraging cost-effectiveness, intellectual property, and franchising [4]. - Aisle has successfully penetrated the Indonesian market by enhancing brand recognition through localized innovation, achieving a market share among the top three [4]. Group 4: Regional Market Characteristics - Southeast Asia's food and beverage market is characterized by a young population and rapid GDP growth, making it a prime location for localized and scalable market entry [11]. - The U.S. market is marked by a growing Asian demographic with high income levels, creating a core consumer group for Asian food and beverages [12]. - The European market emphasizes high per capita income and a strong demand for health-oriented products, aligning well with Chinese offerings in tea, functional drinks, and plant-based products [12]. Group 5: Sector-Specific Insights - The seasoning market in Southeast Asia is growing steadily, with sauces and seasonings accounting for the highest market share [15]. - The U.S. seasoning market is projected to reach $37.28 billion in retail sales by 2024, with a CAGR of 6.8% from 2019 to 2024, indicating a diverse consumer preference [20][22]. - The snack market in Southeast Asia is experiencing rapid growth, with the region's snack market retail sales projected to reach $19.15 billion by 2024 [23][25]. Group 6: Challenges and Competitive Landscape - The competitive landscape in Southeast Asia is fragmented, with both local leaders and international giants present, necessitating a focus on differentiated product offerings [28]. - In the U.S. and Western Europe, the snack market is dominated by major international players, making it essential for Chinese companies to leverage unique flavors and innovative products to gain market entry [34].

Group 1 - The leverage funds have significantly increased their positions in A-shares this year, with the margin financing balance exceeding 2.54 trillion yuan, marking a historical high [1][2] - A-shares have seen a net financing inflow of over 6723 billion yuan in the past year, with a notable increase in the last month [2] - The technology sector has become the core allocation direction for leveraged funds, with significant net inflows in the electronics, power equipment, and communication industries [2][3] Group 2 - Individual stocks in the AI industry chain and leading new energy companies have attracted the most leveraged funds, with New Yisheng and CATL receiving substantial net inflows [3] - In the past month, CATL and other key players in the technology sector have continued to see strong net financing inflows, while several companies faced net outflows [3] - The current margin financing balance accounts for 2.58% of the A-share market's circulating market value, which is lower than the historical peak of 4.73% in 2015, indicating a more stable and mature market [4]