01 主流品种不能掩盖个性化的光辉 在中国，谈起西西里，人们首先联想到的是黑手党，其次是时而喷发的埃特纳火山。 5月6-10日，WBO受意大利对外贸易委员会（Italian Trade Agency - ITA/ICE）和意大利西西里葡萄酒协会（Assovini Sicilia）邀请，参加了西西里岛葡萄酒 产业考察和西西里新酒品鉴会（Sicilia en Primeur），此行对西西里这个意大利重要的葡萄酒产区有了新的认识，对其在如何开拓中国市场有了新的思 考。 其实，西西里是一个地中海面积最大的岛屿，拥有得天独厚的自然条件，这里的葡萄酒在意大利独树一帜，近年来保持着出口额的增长。 笔者曾经认为，相比意大利北部的托斯卡纳、皮埃蒙特，西西里属于低端酒的产区，此行后却完全改变了这个刻板印象。 西西里当地葡萄品种是黑达沃拉、格里洛等。其实这里除了地方特色品种，也有国际品种，比如西拉、黑比诺、美乐、长相思…… 但国际品种的引入也不是一帆风顺，据Tenute Rapitalá酒庄庄主透露，1975-1985年间，酒庄从勃艮第引进了霞多丽等法国品种，当时整个西西里都在嘲笑 这个决定。 因为少数酒庄的坚持，并且国际品种酿造 ...

Group 1: Company Performance and Strategy - The company has faced continuous performance decline in recent years and has implemented measures such as improving the sales department structure and launching low-alcohol products to attract younger consumers [1] - The company believes that the domestic wine market is not optimistic in the short term but remains hopeful for long-term growth, emphasizing its position as a leading enterprise in the industry [2] - The overseas winery sales are approaching 600 million, with a future target of 1 billion, although sales are expected to decline in 2024 due to global industry adjustments [2] Group 2: Product and Market Positioning - The company plans to refine its product line by increasing marketing efforts for key products while gradually reducing low-end product offerings [3] - The company acknowledges the impact of foreign imported wines on the domestic market and aims to produce quality products that meet Chinese consumer preferences [8] - There is a recognition of the need to improve product packaging, marketing, and consumer service to enhance market competitiveness [8] Group 3: Financial Management and Shareholder Relations - The company plans to repurchase B shares at a maximum price of 11.5 yuan, addressing the significant difference between share prices and net asset value [4] - Future capital expenditures will focus on safety and quality improvements, with no large-scale investments planned [5] - The company has implemented a stock incentive plan linked to performance, although it acknowledges that the plan's effectiveness has been challenged by recent performance declines [6][7] Group 4: Market Challenges and Responses - The domestic wine market has not shown significant improvement, and the company is actively working to adapt to challenges posed by reduced tariffs on imported wines [12][17] - The company has approved a market value management system to address the long-term undervaluation of B shares [9]

Core Viewpoint - Ningxia has successfully cultivated 30 well-known wine import and export enterprises, with a projected wine export value of 13.75 million yuan in 2024 [1] Group 1: Industry Development - Ningxia's Commerce Department is leveraging brand cultivation and export window project funds to support the sale of local wines, aiming for a sales target of 45.9 million yuan [1] - The region is focusing on industry trade support through a "policy empowerment + financial protection" dual-drive approach, establishing a supportive trade system [1] - Efforts are being made to attract quality enterprises and projects by integrating the wine industry with cultural tourism and health sectors [1] Group 2: Market Expansion - A dual circulation market expansion network is being constructed, emphasizing both online and offline strategies [2] - Ningxia wine enterprises are participating in national and regional trade fairs, with a goal of signing wine intention orders exceeding 40 million yuan in 2024 [2] - The upcoming 7th China-Arab Expo will see full support for local wine enterprises to expand domestic and international sales channels [2] Group 3: Consumer Engagement - A three-day "Enjoy Ningxia: Drink in Summer" food and wine fair will be held in early June, combining wine culture performances and tasting experiences [2] - The 5th China (Ningxia) International Wine Culture and Tourism Expo will utilize expanded consumption funds to distribute wine consumption vouchers, promoting a "wine + culture + consumption" model [2]

本届博览会以"中国葡萄酒·当惊世界殊——举杯·贺兰山"为主题。届时，将有200余家国内外知名酒庄的 葡萄酒、烈酒、白酒、名茶，葡萄酒衍生品、设备辅料及其他相关产品同台展示，同期还将开展14项系 列配套活动。 中新社银川5月15日电 (记者于晶)5月15日，记者从第五届中国(宁夏)国际葡萄酒文化旅游博览会新闻发 布会上获悉，该博览会主活动将于6月9日至12日在银川市举行。 本届博览会首次与布鲁塞尔国际葡萄酒大奖赛深度联袂，实现"国家级展会+国际顶级赛事"的珠联璧 合。同时创新推出"全域、全民、全程"的参与模式，在空间维度上，打造"从会展中心到葡萄园"的流动 风景线：银川国际会展中心将成为世界名庄名酒的博览馆，澳大利亚奔富、德国保利贝格、意大利嘉 雅，中国张裕、长城等全球200余家酒庄(企业)上千款名酒走进宁夏；在产业融合上，深耕"葡萄酒+"跨 界生态，推出《向新而行》宁夏贺兰山东麓活动、葡萄酒文化艺术双年展，董宇辉带大家游览贺兰山东 麓，主办方把葡萄酒文化植入凤凰幻城、青春漠漠搭等文旅新地标，让每一杯酒都成为讲述宁夏故事的 文化载体。同时，发放大众消费券，创新推出大额消费券，让葡萄酒从专业展台走向百姓餐桌。 此 ...

面对投资者关心的国内葡萄酒市场的发展，周洪江坦言，"短期不乐观长期不悲观"，作为行业深耕多年 的龙头企业，依然看好未来的市场发展空间，公司也将坚定不移地聚焦主业谋求发展。 此外，值得注意的是，在此次投资者网上接待日活动中多位投资者对于公司管理层股权激励并没有带来 业绩增长等提出质疑。 对此，公司表示："公司2023年开始实施的限制性股票激励计划与经营业绩相挂钩，没有违反法律程 序。公司实施股权激励的初衷是为了调动骨干人员的工作积极性推动公司更快更好地发展。在实施过程 中，政策起到了一定的作用，但2024年度面对全球行业的深度调整的形势，公司的业绩也没有达到预 期。我们会认真总结本次股权激励实施的经验教训。" 《每日经济新闻·将进酒》记者也以投资者身份，围绕公司2024年业绩，提出近年来业绩持续下滑、国 内葡萄酒市场未来趋势等问题，张裕A均进行了回应。 财报数据显示，2024年张裕A实现营业收入约32.77亿元，较上年同比下降25.26%，实现归属于上市公 司股东净利润约为3.05亿元，同比下降42.68%。仅完成"2024年力争实现营收不低于47亿元"这一KPI的 约七成。 对于业绩的下滑，董事长周洪江称，公 ...

Core Viewpoint - The company acknowledges challenges in achieving expected performance due to a global industry downturn and emphasizes the need for strategic review and improvement in various aspects of its operations [1][2]. Group 1: Company Performance and Strategy - The company implemented equity incentives to motivate key personnel for better performance, but results have not met expectations due to global industry adjustments [1]. - Management is committed to regularly reviewing strategies, marketing, and positioning to identify areas for improvement, acknowledging past shortcomings that contributed to declining performance [1]. - The company is optimistic about achieving 1 billion RMB in revenue from overseas wineries, despite current challenges, and plans to enhance sales in both domestic and international markets [1]. Group 2: Market Dynamics and Product Strategy - The company has taken measures to address performance declines, including refining the sales structure, launching low-alcohol products, and focusing on key urban markets [2]. - The impact of imported wines is recognized, and the company aims to produce quality products that meet consumer preferences while ensuring effective marketing strategies [2]. - The company maintains a cautious but optimistic outlook on the domestic wine market, believing in its long-term growth potential despite current challenges [2]. Group 3: Distribution Channels - The company is actively working to improve its presence in offline retail channels and has no plans to abandon these distribution avenues [3].

南都湾财社-酒水新消费指数课题组记者注意到，白酒、啤酒和葡萄酒三大酒类方面，啤酒成为酒类业 绩的增长担当。今年一季度，啤酒行业实现产量854.12万千升，同比下降2.2%，实现销售额496.45亿 元，同比增长3.58%，实现利润81.82亿元，同比增长27.38%。 据了解，今年第一季度啤酒企业业绩普遍回暖，除了青岛啤酒、重庆啤酒业绩回归增长外，燕京啤酒和 珠江啤酒出现归母净利润大涨的情况，其中燕京啤酒一季度归母净利润同比增加61.1%，珠江啤酒一季 度归母净利润同比增加29.83%。从行业情况来看，8元价格带的啤酒持续放量，以及10元以上价格带产 品的持续复苏，带动啤酒一季度的复苏。 不过，相比啤酒的复苏反弹，作为销售额和利润额"贡献主力"的白酒则表现得相对不理想。数据显示， 白酒行业今年一季度的规上企业数量为887家，比2024年的989家减少了102家，白酒行业今年一季度的 产量为103.24万千升，同比下降7.22%，实现销售额1963.04亿，同比增长0.38%，实现利润580.07亿元， 同比下降0.73%。 据南都湾财社记者了解，白酒行业从去年开始出现分化现象，包括头部企业在内只有少数企业维持 ...

Group 1: US-China Trade Talks - The US and China achieved a historic breakthrough in trade talks, with both sides reporting "substantial progress" [1][3] - The US committed to canceling 91% of tariffs imposed on Chinese goods, while China reciprocated by canceling 91% of its retaliatory tariffs [3] - The agreement includes a 90-day suspension of 24% of the tariffs, with 10% of the tariffs remaining in place [3] Group 2: Wine Industry Developments - Château Lafite Rothschild has launched its 2024 vintage at a price approximately 30% lower than previous years, making it the lowest-priced Lafite vintage currently on the market [4][6] - The merger between Accolade Wines and Pernod Ricard's wine business has resulted in the formation of a new company, Vinarchy, which will phase out about 50 brands over the next two years [8][9] - Tmall International has seen a 38% increase in sales of Bordeaux wines, with over 700,000 Chinese consumers purchasing Bordeaux wines through the platform [13] - IWSR predicts that global online wine sales will exceed $36 billion by 2028, with a projected growth of 20% over the next five years [16] - Treasury Wine Estates is collaborating with CSIRO to cultivate new grapevine varieties that are more resilient to climate change and have disease-resistant traits [19]

Group 1 - The article highlights the latest food innovations and trends, featuring various new product launches from different brands [1] - Anmuxi and Green Arrow have launched a summer limited edition of mint-flavored yogurt, which contains 7.1g of protein per 230g bottle and is priced at 10.9 yuan [4] - Good Hope Water has introduced a new mulberry water product, made with black mulberries and black goji berries, available in 500ml bottles for 5.9 yuan [5] - Yongpu has released an ice mint black coffee liquid made from 100% Arabica coffee beans, containing ≥200mg/kg of caffeine, priced at 39.9 yuan for a 175g box [8] - Hershey's and ADT have collaborated to launch anti-theft chocolate bars in Brazil, featuring a Bluetooth tracker that alerts users if the chocolate moves outside a designated range [10] - Sanquan has introduced two new Chinese-style tea dumplings: jasmine Longjing and rose black tea, each weighing 50g and sold in packs of four for 49.9 yuan [12] - Cocoa Full has launched three new tea beverages: double pomelo Tieguanyin, orange small osmanthus, and guava lemon green tea, each containing ≥15% juice and priced at 44.9 yuan for a pack of nine [14] - Joyoung has released two new soy milk tea flavors: kirin watermelon and domineering durian, each with approximately 87kcal per serving and priced at 39.9 yuan for a box [17] - Weidong and Wufangzhai have collaborated to launch a Dragon Boat Festival gift box containing spicy meat dumplings and konjac dumplings [18] - Kraft Heinz has introduced Lunchables PB&J sandwiches in the U.S., designed for easy consumption without thawing or heating, priced at $2.49 [20] - Stella Rosa has launched a new watermelon and chili-flavored wine, made from 95% white Moscato grapes, priced at $11.99 [21]

中新网银川5月9日电 (记者李佩珊)记者9日从宁夏贺兰山东麓葡萄酒产业园区管委会获悉，第五届中国 (宁夏)国际葡萄酒文化旅游博览会将于6月9日至11日与第32届布鲁塞尔国际葡萄酒大奖赛同期在银川市 举行，在此期间将举办开幕式、国际葡萄酒名庄名酒展及贺兰山东麓产区投资贸易洽谈活动、2025顶级 中国葡萄酒选鉴及产区品牌发布等配套活动。 （文章来源：中国新闻网） 本届博览会展会设置展览面积2万平方米，设有8000平方米的特装展位，参展商200家左右，展出国内外 知名酒庄葡萄酒、烈酒、白酒、名茶，葡萄酒衍生品、设备辅料及其他相关产品。展馆的C、D馆为葡 萄酒展区，面积约4100平方米，将集中展示120家国内外知名酒庄的优质葡萄酒；E馆则设立名优烈酒 展区，展出白兰地、威士忌、白酒等国内外知名烈酒，展位面积约1400平方米。展会不仅提供产品展 示，还设有多个特色展区，包括"五新"科技转化成果展区(新技术、新品种、新产品、新设计、新装 备)，展位面积约840平方米；葡萄酒文创及衍生品综合展区，展位面积约560平方米。 同时，展会还规划了大师班、洽谈区，面积各约500平方米，为行业专家、企业代表和观众提供深度交 流与合作 ...