以下文章来源于雪豹财经社 ，作者高越 雪豹财经社 . faster , deeper and wiser 盒马创始人侯毅花9年没能完成的目标，新任CEO严筱磊用9个月时间实现了。 卖身危机被化解的盒马，准备大干一场。 一家公司的成长历程往往呈现扩张探索与资源聚焦的交替循环，松开拳头是寻找新的方向，当明确了下 一阶段的业务重点时，就会握紧拳头。 如今的盒马，到了重新握紧拳头的时刻。 严筱磊上任后，盒马只聚焦于盒马鲜生和盒马NB两种店型，其他店型都进行了精简和调整。 去年一年，盒马新开门店有三分之一开在二三线城市和县城，很多新店成了当地的"排队王"。 今年盒马计划再开100家店，但在低线市场，它将面临与多个新零售品牌的竞争。 2024年最后一天，盒马在一封全员信中披露，公司连续9个月整体盈利，且增长幅度达双位数，顾客数 量增长超50%。 图片来源：小红书@annezang 从去年3月前的上市计划搁浅、被传卖身，到今年以来大刀阔斧地开店，短短一年间，盒马命运逆转。2 月中旬，马云现身盒马长沙门店，阿里巴巴又在财报业绩会上明确表示，当前没有出售盒马的计划。 图片来源：《2024盒区房报告》 盒马NB则更倾向于对价格更 ...

Core Viewpoint - Lishang Guochao reported a stable financial performance for 2024 and Q1 2025, with a focus on enhancing operational management and strategic adjustments in response to government initiatives aimed at boosting consumption [1][2]. Financial Performance - In 2024, the company achieved total revenue of 666 million yuan and a net profit of 72.55 million yuan, with basic earnings per share of 0.10 yuan [1]. - For Q1 2025, total revenue was 177 million yuan, with a net profit of 58.84 million yuan and basic earnings per share of 0.08 yuan [1]. Business Segments - The professional market management segment generated 419 million yuan in revenue for 2024, with a gross margin of 76.10%, highlighting its critical role in supporting the company's overall performance [2]. - The rental rates for key markets were high, with the Hangzhou market at approximately 96.5% and the Nanjing market at about 95.6% [2]. - In the retail sector, the company reported 123 million yuan in revenue from its retail business, focusing on enhancing operational capabilities and optimizing customer experience through digital means [2]. - The new retail business segment generated revenue of 26.39 million yuan, reflecting the company's efforts to develop a comprehensive supply chain and expand its advertising media business [2]. Industry Context - The Chinese government is promoting consumption through various initiatives, including the "Buy in China" campaign, which aims to enhance domestic demand amid external economic pressures [3]. - Analysts suggest that expanding domestic demand will be a key focus for the market, especially with the implementation of policies aimed at stimulating consumption [3].

Group 1 - The core viewpoint of the article is that the digital retail leader in Chinese universities, "Ainaiye" (Shanghai) Network Technology Co., Ltd., has recently completed a multi-million Pre-C round financing, which will enhance its market positioning and technological integration [2][4]. - Ainaiye was established in 2014 and focuses on digital retail in universities, positioning itself as a "digital campus ecosystem platform" that integrates over 100,000 campus merchants through an S2b2C model, offering solutions in instant retail, smart dining, and career services [3]. - The recent financing will accelerate the deep integration of AI technology with local campus life scenarios, aiming to create a comprehensive digital campus service platform covering five core areas: study, food, creation, entertainment, and career [4]. Group 2 - The founder and CEO of Ainaiye, Sun Shaorui, emphasized that this round of financing will inject momentum into the company's future capital market layout and enhance the efficiency of social resource linkage for students [4]. - Sun Yigong, founder of Tongce Group, highlighted that Ainaiye has built a strong competitive moat in the digital services for universities over the past decade, with unique capabilities in scenario penetration, user stickiness, and commercialization innovation [4]. - Wang Shuai, founder of Shengdai Venture Capital Network, noted that the investment reflects the increasing governmental support for digital economy and innovation in universities, which will aid Ainaiye in accelerating technology development and market expansion [4].

以下文章来源于新零售 ，作者未央 新零售 . 中国零售门户网站联商网出品，全面关注新零售、新业态、新门店。 出品 / 联商网 1、在商品力打造方面： 撰文 / 未央 编辑 / 娜娜 近日，联商网独家获悉，盒马于4月24日在杭州阿里巴巴西溪园区召开以"正当时，顶峰见"为主题的《FY26盒马管理大会》(2026财年指2025.4.1- 2026.3.31)，阿里集团高管童文红(花名Judy)参加了会议并发言给予盒马团队肯定和鼓励。 那么，接下来盒马会有什么样的新动作呢？多名接近盒马的相关人士向联商网证实，盒马在新财年会重点在以下三个方面发力： 一是盒马鲜生业态，二是 盒马NB业态，三是组织文化及建设 。 具体如下： 01 盒马鲜生 成为中产用户最信任的品牌之一 对于中产用户而言，他们追求品质生活，注重消费体验，渴望在购物中获得便捷与安心。盒马鲜生的目标，便是在商品领先和数字化提效的核心能力基础 上，全方位提升双端用户体验和效率，成为他们心中最值得信任的品牌之一。 一是盒马鲜生要像一位 生活管家 ，深入了解中产用户的日常需求，从柴米油盐到家居用品，每一款日销商品都经过精心挑选，确保品质可靠、价格合理。 同时，密切关 ...

Core Viewpoint - The financial report of Wancheng Group for 2024 shows impressive growth, with revenue increasing by 248% to 32.33 billion yuan and net profit turning positive at 294 million yuan, exceeding market expectations [2][3]. Financial Performance - In Q4 alone, the company achieved revenue of 11.716 billion yuan, a year-on-year increase of 166%, and net profit of 209 million yuan, up 894% year-on-year [5]. - The overall net profit performance is close to the upper limit of the forecast range, indicating strong financial health [3]. - The gross profit margin remains stable around 11%, while the return on equity (ROE) in Q4 reached 20%, doubling from Q3, showcasing the company's strong earning capability [6]. Market Position and Strategy - Wancheng Group's performance comes amid intense competition and price wars in the bulk snack industry, validating its profitability and hinting at significant future cash flow releases as the industry stabilizes [9]. - The company is not solely focused on bulk snacks; it has broader strategic ambitions, aiming to combine elements of successful brands like Pop Mart and Mixue Ice City to capture both the lower-tier market and high-margin emotional value products [10][12]. Expansion and Innovation - The company has rapidly expanded its offline store count to over 13,000, demonstrating its deep understanding of market demand and operational capabilities [6]. - Wancheng's strategy includes tapping into the county economy, leveraging emotional value to create a high-margin business model, and engaging in IP collaborations to attract younger consumers [16][18]. - The recent launch of the "Lai You Pin" discount supermarket model indicates a shift towards a more diverse retail approach, enhancing customer base and average transaction value [30][32]. Future Outlook - Despite concerns about market saturation and competition, Wancheng Group's growth potential remains significant, particularly in lower-tier cities where it holds a dominant market share [27][29]. - The company is positioned to benefit from government policies aimed at boosting consumption, with a focus on quality-price ratio and new consumption trends expected to perform well in the capital market [25][26]. - Wancheng Group's ability to innovate and adapt to market changes suggests that it will continue to be a key player in the retail sector, with potential for further recognition and valuation adjustments in 2025 [35][36].

盒马从四年前开始做春菜、春花系列菜品。今年盒马销售的可食用鲜花品类已有10余个品种，其中可食用菊花是今年第一个上新的品种。 据悉，这款可食用菊花源历经了十年品种改良与种植技术攻关，已成功实现四季稳定产出。因其花芯糖分富集、脆甜无涩的独特口感，上 市一周便被卖空，复购率位居盒马春菜系列榜首。 从云南大理的水性杨花到广东中山的糖心菊，盒马销售的可食用鲜花品类越来越丰富，数据显示，2025年盒马春菜系列整体销量同比上涨 70%。 作者 | 黄昱、陈瑛羿 新零售头部玩家盒马，在春菜系列上玩出了新花样，把菊花送上了更多人的餐桌。 今年3月初，中山小榄种植的可食用糖心菊通过盒马渠道首次进入零售市场，并通过盒马覆盖全国的仓网物流系统销往40多个城市，成为盒 马的"春菜顶流"。 华尔街见闻获悉，经过上下游的多年努力，时令春菜已经越来越被广大消费者所接受，以榆钱和槐花为例，五年前，在盒马只能卖1个月， 如今经过候鸟式布局基地和规模化种植，今年销售期长达两个半月，产地成本价格也降低了30%。 可食用菊花走红使目前基地供不应销，中山菊花基地负责人区娟花表示，基地正在抓紧种植第二茬菊花，预计在7月重新来到全国各地盒区 房。 中山菊花 ...

Core Viewpoint - The article emphasizes the significant shift in global investor perception of Chinese assets, driven by the emergence of DeepSeek and the ongoing innovation in technology and industry within China, which is expected to reshape the economic landscape and enhance domestic consumption and investment [2][5][21]. Group 1: Impact of DeepSeek - DeepSeek has catalyzed a global reassessment of China's asset value, marking a pivotal moment in the AI narrative that has previously been dominated by the U.S. tech giants [4][11]. - The introduction of DeepSeek is seen as a transformative event that democratizes AI technology, allowing broader access and fostering innovation across various sectors in China [4][9]. - The rise of DeepSeek is expected to accelerate the penetration of AI in China, enhancing efficiency in industries such as autonomous driving and robotics [4][6]. Group 2: Policy and Economic Environment - Recent government policies aimed at stabilizing the stock and real estate markets have created a more favorable investment climate, leading to a resurgence in asset valuations [7][12]. - The Chinese government has introduced substantial financial support measures, including a 20-year national venture capital fund aimed at mobilizing 1 trillion yuan in social capital [12]. - The combination of effective government policies and a robust market response is seen as a driving force for innovation and economic growth in China [7][12]. Group 3: Innovation Ecosystem - China's unique innovation ecosystem, characterized by a comprehensive industrial system and a strong emphasis on R&D, is a critical factor in its ability to lead in technology and innovation [12][15]. - The integration of various technological sectors, such as AI, robotics, and renewable energy, is fostering a collaborative environment that enhances innovation and reduces costs [15][19]. - The scale of China's market and its rapid technological advancements position it as a formidable player in the global economy, capable of competing with established Western firms [18][20]. Group 4: Global Perception and Future Outlook - The global narrative surrounding China is shifting from a focus on low-cost manufacturing to recognizing its capabilities in high-value innovation and technology [11][18]. - Investors are increasingly viewing Chinese companies as competitive on the world stage, with expectations of continued growth and innovation across multiple sectors [18][21]. - The article suggests that 2025 will be a crucial year for re-evaluating China's international competitiveness, as the country continues to make strides in various technological fields [21].