在全球葡萄酒产业面临生产成本攀升、供应链波动及气候挑战的三重压力的背景下， 智利卡罗酒业集团旗下胜卡罗酒庄（Santa Carolina）以百年积淀的 优秀品质、强大的国际知名度以及对全球消费趋势的深刻理解而脱颖而出，持续巩固其在新世界葡萄酒阵营的标杆地位。 4月15日，卡罗酒业集团CEO Juan Cristobal和销售总监Juan Pablo跨越半个地球抵达中国广州， 与中国合作伙伴富隆酒业共同开启胜卡罗酒庄 150周年全球 庆典首站活动，以品牌历史叙事联结中国市 场，共话葡萄酒行业的可持续发展路径。 图注：卡罗酒业集团CEO Juan Cristobal 图注：胜卡罗酒庄 150周年全球庆典活动 胜卡罗酒庄深耕中国市场近20载，作为智利首批布局中国市场的葡萄酒企业之一，胜卡罗酒庄自进入中国以来便深度参与并见证了中国葡萄酒消费市场的 发展。 Juan Cristobal 在与《葡萄酒》杂志的专访中表示：十四年间，他4次到访中国，亲历了中国从葡萄酒新兴市场到全球主要葡萄酒消费国的跃迁历程。他观 察到，在中国，葡萄酒已成为逐渐成为现代生活方式文化中日益重要的组成部分。尤其是年轻一代消费者充满好奇心，乐于尝试 ...

像中国"老裁缝"一样经营法国红酒。 同样是来自法国，勃艮第产区的葡萄酒在中国的知名度与接受度并不像波尔多产区的那样广泛。最近几 年，勃艮第产区葡萄酒在亚洲尤其是中国市场持续升温，背后是一系列"小而美"的故事。 来自广东的武戟1986年出生，现在已是勃艮第葡萄酒在中国最大的分销商之一。但在35岁之前，他的经 历看起来与红酒并无交集——高中开始出国留学，研究生毕业后进入华尔街银行工作；4年后，回到香 港做对冲基金，但遇上2015年股灾，个人资产归零后回到广州。"那时候我认定自己是赚不了快钱 的。"武戟说。休整后的他创办了自己的男装品牌，实现了第一次跨界创业成功。 再后来，才是武戟与勃艮第葡萄酒缘分的正式开始：2021年，他创办了一家葡萄酒跨境贸易公司。作为 一名葡萄酒深度爱好者，武戟告诉第一财经记者，葡萄酒的"魔力"在于，每一瓶酒都能给味蕾带来不一 样的惊喜，希望自己一直品到60岁、70岁，也希望自己的下一代能够传承这门生意，传递这份热爱。更 重要的，是将与勃艮第酒庄庄主之间的信任与情谊延续下去。 中国正在加快拥抱勃艮第葡萄酒。根据法国海关数据，2024年，中国市场（不含港澳台地区）勃艮第葡 萄酒迎来出口量的明显 ...

Core Viewpoint - The domestic wine market is increasingly competitive, leading to significant declines in Zhangyu A's financial performance, with the company acknowledging that results are unsatisfactory [1][3]. Financial Performance - In 2024, Zhangyu A reported revenue of 3.277 billion yuan, a decrease of 25.26% year-on-year [4]. - The net profit attributable to shareholders was 305.21 million yuan, down 42.68% from the previous year [4]. - The net profit after deducting non-recurring gains and losses was 131.07 million yuan, reflecting a 71.76% decline [4]. - The net cash flow from operating activities was approximately 397.74 million yuan, a drop of 66.09% year-on-year [4]. - The basic and diluted earnings per share were both 0.45 yuan, down 42.31% [4]. Sales and Product Performance - The sales volume of wine products was approximately 57,700 tons, a year-on-year decline of 12.22% [3]. - The sales volume of brandy was about 20,500 tons, down 31.56% [3]. - The gross margin for wine was 57.32%, a decrease of 2.91% from the previous year, while the gross margin for brandy was 58.26%, down 2.99% [3]. Market Conditions - The domestic wine market is facing intense competition, exacerbated by the resurgence of Australian imported wines following the removal of anti-dumping duties [6]. - The total volume of wine imports in 2024 was approximately 280 million liters, a year-on-year increase of 13.6% [6]. - Zhangyu A anticipates that the wine market will remain competitive in 2025, but also sees potential for growth as consumer preferences evolve [9]. Cost Management and Future Outlook - The company reduced its sales expenses to 1.013 billion yuan, an 18.29% decrease from 2023, primarily due to reduced market investment [5]. - Zhangyu A plans to achieve a revenue target of no less than 3.4 billion yuan in 2025, representing a growth of approximately 3.7% from 2024 [9]. - The company has initiated a share buyback plan to boost investor confidence, with a total buyback amount not exceeding 100 million yuan [9].

Core Insights - Qingdao Beer reported a revenue of approximately 32.14 billion yuan in 2024, a year-on-year decline of 5.3%, while net profit attributable to shareholders was about 4.35 billion yuan, an increase of 1.81% [1] - The company faced a decline in production and sales across its main products, with the Qingdao brand beer production down 2% and sales down 4.84% in 2024 [2] - The strategic restructuring between Qingdao Beverage Group and Qingdao Beer Group is expected to enhance operational efficiency and market positioning [5] Financial Performance - In 2024, Qingdao Beer achieved a total production volume of 7.54 million kiloliters, with a significant drop in both revenue and sales [1] - The fourth quarter of 2024 saw a revenue of 3.18 billion yuan, reflecting a year-on-year growth of approximately 7.47%, but the net profit was a loss of 645 million yuan [2] - The company anticipates a gradual recovery in the domestic beer market due to government policies aimed at boosting consumption and expanding domestic demand [2][3] Strategic Developments - The restructuring of Qingdao Beverage Group under Qingdao Beer Group is part of a government initiative to streamline operations and enhance market competitiveness [5][6] - Qingdao Beverage Group, now a subsidiary of Qingdao Beer Group, has a diverse portfolio including mineral water, beverages, and wine, with significant brand value [6] - The company plans to leverage its brand and distribution advantages to explore new market opportunities and adapt to changing consumer demands [3] Market Outlook - The beer industry in China is entering a stable development phase, with a clear competitive landscape emerging across regional markets [3] - The company is focusing on high-end, green, and intelligent product development to meet the evolving preferences of consumers [3] - Qingdao Beverage Group has shown promising growth, with a 13% increase in revenue and a 20% increase in profit in the first half of 2024 [7]

Core Viewpoint - Qingdao Beer Company reported a decline in revenue and sales for 2024, while net profit showed a slight increase, indicating challenges in the domestic beer market and the need for strategic restructuring with Qingdao Beverage Group [1][2][4]. Financial Performance - In 2024, Qingdao Beer achieved a total product sales volume of 7.538 million kiloliters, with revenue approximately 32.138 billion yuan, a year-on-year decrease of 5.3%. Net profit attributable to shareholders was about 4.345 billion yuan, an increase of 1.81% year-on-year [1]. - The fourth quarter revenue was 3.179 billion yuan, showing a year-on-year growth of approximately 7.47%, but the net loss attributable to shareholders was 645 million yuan, slightly higher than the previous year's loss of 640 million yuan [3]. Sales and Market Trends - For 2024, both the flagship Qingdao brand and other brands experienced declines in production and sales. Qingdao brand production was 4.26 million kiloliters (down 2%), and sales were 4.34 million kiloliters (down 4.84%). Other brands, represented by Laoshan, had production of 2.97 million kiloliters (down 2.96%) and sales of 3.2 million kiloliters (down 7.2%) [2]. - The company anticipates that the effects of national policies aimed at boosting consumption and expanding domestic demand will gradually manifest, potentially leading to market recovery [2][4]. Strategic Restructuring - Qingdao Beverage Group is being integrated into Qingdao Beer Group as part of a strategic restructuring, which is expected to enhance operational efficiency and market positioning [5][6]. - The restructuring aligns with the government's decision to transfer Qingdao Beverage Group to Qingdao Beer Group, indicating a focus on deep integration at the group level [2][5]. Future Outlook - The company expects a decline in raw material costs for 2025, as procurement for major materials has been largely secured at favorable rates [4]. - The beer industry is seen as entering a stable development phase, with a clearer competitive landscape and a trend towards high-end, green, and intelligent development [4].

"上帝造水，而人类造酒。"当雨果在《巴黎圣母院》中写下这句话时，或许正凝视着塞纳河畔的葡萄 园。 法 国人用千年时光证明：水的纯净是天赐礼物，而酒的馥郁是人类智慧对自然的深情回应。 被盛赞"葡萄酒天堂"的波尔多， 位于法国西南部，西临大西洋，吉伦特河（Gironde）从境内流过， 带给它 终年 温暖湿润的温带海洋性气候 ； 加上其冰河时期形成的复杂地形，拥有丰富的水资源，为出产优质葡萄酒提供了得天独厚的自然条件， 成为法国最大的AOP级葡萄酒产区。 聚会上，谁要是拿出一瓶法国的AOP干红，懂行的人在心里都会赞叹你： 业内人士，是个喝家！ 为什么这么说呢？因为在法国葡萄酒是有等级之分的！ 酒体品质与其复杂严密的分级制度密切相关： VDF： 日常饮用，由不同地区葡萄汁勾兑而成； IGP： 地区餐酒，作为日常餐酒和AOP之间的过渡等级； AOP： 法定产区葡萄酒，是分级制度的最高级别！ 就好比中国很多地方都有大闸蟹，但大家只认阳澄湖 。 换到红酒 身上， A OP就属于法国红酒里 的金字塔尖，一支都要3000起！ 现在市面上法国葡萄酒本身鱼龙混杂，更别说AOP等级，经得起推敲的少之又少。 今天我们托关系给大家找来了 ...

Core Viewpoint - The Trump administration is considering a "two-step" tariff plan that may involve immediate high tariffs and formal investigations against trade partners, which could lead to increased market volatility and uncertainty regarding the specifics of the tariff implementation [1][2]. Group 1: Tariff Implementation Strategies - The proposed strategies include the immediate imposition of tariffs up to 50% using emergency powers, as well as the potential for automobile tariffs to be announced shortly [2][3]. - A temporary tariff of up to 15% may also be considered, although this option is deemed less likely [2]. Group 2: Internal Disagreements - There are notable internal disagreements within the Trump administration regarding the approach to tariffs, with some officials focusing on using tariffs to fund tax cuts rather than as negotiation tools [3]. - The Secretary of Commerce prefers a negotiation-based approach, while the U.S. Trade Representative advocates for legal investigations prior to imposing tariffs, which could extend the timeline for implementation [3]. Group 3: Global Reactions - In response to the impending tariffs, various countries are seeking exemptions, with the UK considering tax concessions for U.S. tech companies and the EU engaging in discussions to mitigate the impact of the tariffs [4]. - Trump's inconsistent trade policies have led to rapid changes in tariff announcements, affecting relationships with allies such as Mexico and Canada [4].

今年的庄主晚宴利思酒庄再次将品牌形象推上新的台阶，宴会厅现场如同置身于向阳花海，每位来宾都可以从酒瓶中取出一枚向阳花打卡留念。还为到场 的朋友们准备了像油画般的丝巾，一副是利思主楼、一副是向阳花。小提琴手现场奏乐，俨然一场春的交响曲。 2025这一年的春糖，似乎多了些市场回暖的声音，太阳将升未升之时，向阳花会最先感受到春天。利思酒庄便是这样的存在。 3月22日，利思酒庄"升级·共融·心向星光"庄主晚宴在成都万达颐华酒店圆满落下帷幕，这是一次与合作伙伴们从展台初识延伸到把酒言欢的具像化成果。 当晚还举办了利思葡萄酒市场研究院启动仪式，与行业领导、协会代表、各省酒商、葡萄酒讲师、行业媒体、线上媒体、葡萄酒爱好者们等同路之人，再 现深度共融之势。 对中国葡萄酒酒庄而言，想要立足市场并长期健康的发展绝非一朝一夕之目标，出发时便要做好毫不动摇走到底的心理准备。利思酒庄在合作伙伴面前展 现出的走向未来的底气，正是来源于信心、耐心、恒心，既要走好脚下也为明天铺路的"三心"。 释放市场回暖之兆，利思酒庄以升级之姿共融未来 活动伊始，宁夏贺兰山东麓葡萄与葡萄酒联合会主席王紫云为晚宴致辞，"利思酒庄能取得宁夏贺兰山东麓产区列级二 ...

Core Viewpoint - The launch of the N18 product by Xige Winery aims to address the current issues in the Chinese wine market, focusing on providing a quality wine that is affordable, thus promoting a return to rational consumption [1][3]. Company Overview - Xige Winery was established in 2017 and is located in the core production area of Qingtongxia, Helan Mountain, Ningxia, with over 30,000 acres of vineyards and an annual production of nearly 10 million bottles of premium wine [4]. - The winery utilizes a world-leading digital vineyard management system and modern brewing facilities, having achieved dual certification from BRCGS and IFS in Europe [4]. Product Strategy - The N18 product is positioned as a "good wine at a reasonable price," aiming to redefine Chinese wine and build a trustworthy national brand [3]. - The winery emphasizes the importance of both affordability and exceptional quality to enhance the competitiveness of domestic wines against imported ones, which currently hold over 60% market share in China [3]. Industry Context - The Chinese wine market is facing challenges with domestic wines experiencing growth bottlenecks and trust issues due to quality and pricing concerns [3]. - The mission of the N18 product is to create a foundation for the wine category in China, promoting high-quality and high-cost performance wines [3][4].

今天，爱喝葡萄酒的赚爆了！ 这次通过内部渠道给大家搞来了一批 线下撤柜的绝狠货！大 捡漏！ 【阿根廷原瓶进口】西忽雷酒庄·塞西莉亚/蓝斯干红葡萄酒 看过它强大的背书，才 知道什么叫离谱捡 大 漏！ ✅全球十大巨头合作社&阿根廷头部葡萄酒集团：Fecovi ta菲戈维达酒园 ✅阿根廷法定著名产区：门多 萨（Mendoza） ✅美国新式橡木桶窖藏150天 ✅ 伯纳达 Bonarda 单一品种酿造 一 般 都 会 用 作 头 等 舱 用 酒！ 仅 少 数 " 土 豪 " 食 客 才 享 用 的 起！ 单瓶扫码价588元一瓶，对得起它的品质。 线上一箱也要卖到599元。 咱们常年合作的进口商，仓库搬迁在即，腾出600箱库存，托我们帮忙清货回笼资金。 因为时间紧迫，放着每天都是一笔仓储费，品牌方也懒得讨价还价了 直接199元/箱/750ml*6瓶亏本清 仓！还送海马刀！售空不补！ 不是几块钱一把的手动海马刀！ 而是 电动开瓶器，德国品质，加送充电线！ 不费手力，自动6秒开瓶 纯属是放漏，平时根本拿不到这样的好价！ 好酒要靠抢！ 这还没完！我们还自己额外掏钱补贴： 199元1箱6瓶+ 赠1个海马刀 299元2箱12瓶+赠 ...