Core Viewpoint - Yiyuan Wine Industry (08146) experienced a significant stock price surge, rising by 160% at one point and currently up by 86.79% to HKD 0.495, with a trading volume of HKD 1.655 million [1] Group 1: Acquisition Details - Hill Valley Investment Co Ltd has announced an acquisition of approximately 589 million shares of Yiyuan Wine Industry, representing about 73.63% of the issued share capital, for a total consideration of approximately HKD 73.6298 million [1] - Following the completion of the acquisition, the offeror and its concert parties are required to make a mandatory unconditional cash offer at a price of HKD 0.12491 per share, which reflects a discount of approximately 52.86% compared to the closing price of HKD 0.265 before the suspension [1] - The offeror, Yang Lingjiang, intends to maintain the company's listing on the Hong Kong Stock Exchange [1]

Group 1 - The company, Yiyuan Wine Industry (08146), has applied to the Stock Exchange for the resumption of trading of its shares on GEM starting from 9:00 AM on December 31, 2025 [1][3]

官宣全面推进市场化转型话音未落，茅台放了大招。 12月30日晚间，"i茅台"官方宣布，2026年将调整贵州茅台（600519）酒上架产品矩阵，主要有经典、精品、生肖、陈年、文化、低度酒等6大系列，涵盖 53%vol500ml飞天贵州茅台酒等多款茅台酒产品。这些产品2026年将陆续上线。 53度500ml贵州茅台酒，即大众口中的飞天茅台、普茅。值得注意的是，这将是53度500ml飞天茅台首次登上"i茅台"，并且不只是2026年的新飞天，还包 括了2019年至2024年历年的次新飞天。这一大单品每年贡献了贵州茅台最多的收入。 (i茅台官宣飞天茅台将集体上线) i茅台是茅台的自营线上平台，2022年5月上线，此前主要销售其他非标茅台酒产品、系列酒产品以及茅台其他酒类、文创产品，年销售额最高超过两百亿 元。500ml飞天茅台此前从未通过这一渠道销售。 在过去很长一段时间，53度500ml飞天茅台的实际市场价和建议零售价之间存在价差，带动了"全民抢茅"热潮。受此影响，消费者对于茅台酒如何保真、 如何买到真茅台的需求，也水涨船高。 在茅台方面看来，从过去的市场情况看，相较于价格高低本身，消费者诟病得最多的，还是不能公平放 ...

Core Viewpoint - The article emphasizes the need for wine companies to shift their perspective on distributors, recognizing them as valuable partners rather than mere cost centers, to foster a sustainable and prosperous business ecosystem [1][2][3] Group 1: Current Industry Challenges - The wine industry is facing high inventory levels, price inversions, and slowing growth, leading to strained relationships between manufacturers and distributors [1] - Some wine companies are pressuring distributors to take on excess inventory, sacrificing their profits for the sake of the manufacturers' performance [1][2] - The traditional view of distributors as "subordinates" or "inventory movers" is detrimental, as it undermines the collaborative nature of the relationship [1][3] Group 2: Importance of Distributor Relationships - Many wine companies still operate under a "zero-sum game" mentality, believing that if distributors profit, the manufacturers' profits will decrease [2] - Distributors are losing at least 10% of their profits to manufacturers, leading to decreased loyalty and market vitality [2] - Recognizing distributors as "value partners" rather than "cost centers" is crucial for long-term success [2] Group 3: Recommendations for Improvement - Wine companies should transition their assessment of distributors from focusing solely on payment amounts to considering actual sales performance and market cultivation [2] - A shift in mindset is necessary to abandon the illusion of "inventory-based" growth and to ensure that distributors earn reasonable profits [2][3] - Implementing digital tools for transparent data sharing on inventory and sales can enhance collaboration and operational integration between manufacturers and distributors [3] - Establishing joint ventures with core distributors and involving regional small distributors can amplify the value of manufacturer-distributor cooperation [3]

转自：推广 2025年12月28日下午，"商贤汇749平台启动仪式暨贵州百亿酱皇后（四川）公司成立大典"在四川成都皇冠假日渝江饭店隆重举行。本次活动汇聚了政、 商、文化等各界精英共500余人，共同见证了商贤汇749平台的正式发布与贵州酱皇后酒业集团（四川）公司的扬帆起航，标志着酱酒产业与商业资源整合平 台深度融合的重要一步。 聚焦开场 强强联手彰显信心 在开场致辞环节，商贤汇平台创始人、贵州酱皇后四川公司董事长谷宇先生首先向与会嘉宾表示热烈欢迎。他指出，商贤汇平台旨在汇聚商业智慧、整合优 质资源，助力实体经济发展，而酱皇后四川公司的成立，正是平台赋能实业、深耕酱酒赛道的重要实践。 随后，四川省发改委老领导祁承立先生对商贤汇平台与酱皇后四川公司的成立表示祝贺。他强调，四川作为消费与流通大省，酱酒市场潜力巨大，此次合作 是产业与平台双向奔赴的典范，有望为地方经济与酒文化发展注入新活力。 平台发布 商贤汇749正式启航 在"商贤汇749平台发布仪式"环节，谷宇董事长详细解读了"749平台"的运营理念与战略规划。该平台以"汇聚商贤、共享未来"为宗旨，通过资源整合、模式 创新与价值共享，打造企业家生态共同体。 随后，谷 ...

NO.2 古井贡酒·年份原浆携手央视春晚 NO.1 茅台保健酒：巩固大众消费市场，未来将推出更多露酒产品 12月29日，2026年茅台集团保健酒业全国经销商联谊会在贵阳举行。茅台保健酒业公司党委书记、董事 长冯铖在会上提出"以消费者为中心、以市场需求为导向"，并介绍了公司2026年市场化运营机制。 他表示，大众酱香板块将以茅台醇系列作为核心布局200元以下价格带，台源为补充布局百元以下价格 带，全力巩固大众消费市场；酱香露酒构建以茅台不老酒为引领，茅源、MTC、微舒为多元支撑 的"1+3"差异化品牌矩阵。同时，在产品层面，未来将推出更多基于独特草本原料的露酒产品，匹配市 场多元化需求。 NO.3 国窖1573艺术新春酒线上首发GMV超10万元 近日，国窖1573×毛焰"相映成焰"艺术新春酒上市发布会在杭州举行。据悉，从2020年至2026年，国窖 1573先后携手七位艺术大师，推出七款艺术新春酒。发布会同期，国窖1573"相映成焰"艺术新春酒在天 猫超市同步线上首发，发布会直播期间场观超60万人次，GMV（商品交易总额）超10万元。 （文章来源：每日经济新闻） 12月28日，中央广播电视总台《2026年春节联 ...

12月28日，在"坚持以消费者为中心，全面推进茅台酒营销市场化转型"贵州茅台酒全国经销商联谊会 上，茅台集团党委书记、董事长陈华谈到了社会普遍关心的茅台价格问题。 他提到，要价格合理稳预期，价格市场化改革目的是要尊重市场经济规律和消费者的选择，让产品价格 随行就市。随行就市的根本目的，是要根据市场供需实际，努力促进量价平衡。价格过高或者过低，都 容易引起市场波动。当产品存销比适当的时候，价格就是比较合理的，价格合适了，专卖店就能成为消 费者的"第一选择"。必须想尽一切办法，尽最大努力防止价格炒作，这既是对广大消费者负责，也是对 茅台自己负责。 据悉，这是即时零售行业首个平台、酒企、公安三方白酒保真机制。三方将发挥差异化优势，搭建打假 协作闭环，实现线索发现、立案侦查、溯源取证全链路衔接；通过联合建模主动挖掘售假团伙，变"被 动打假"为"主动防控"；同时，追溯假酒全链条，严查销售端并深挖上游生产、资金环节，从根源遏制 假酒流通。 （文章来源：每日经济新闻） NO.1 贵州茅台：尽最大努力防止价格炒作 贵州珍酒表示，为保障市场平稳过渡与合作伙伴权益，自2026年1月10日8时起，在售的"大珍2020真实 年份"将 ...

跨年之时，酒业这场会议备受关注。近日的茅台经销商会议召开热议不断。茅台酒价格是否保持合理性的稳定十分重要。茅台酒对行业的引领力不能忽 视，甚至是具有发展风向标的作用。 2026，中国酒业怎么走？面对不确定性的未来，周期下很多不确定性因素存在，茅台又会采取怎么的营销思路与策略？ 产品是消费品更多是消费属性，一定的收藏也是消费的方式之一。市场变化之下，商品价格可以升也同样可以降。生产主体企业的经营利润也应该是有增 长就有下降，非理性脱离经济实际的火箭式数据增长，终归是要回到现实，获取的"额外利润"也终归要还的。 茅台巨大的市场库犹如"堰塞湖"，不采取措施解决疏导正常流动起来，难免不会出现崩塌的危机。同时，也会对整个酒业带来巨大的隐患危机和风险。 期待茅台能够全面剖析发现问题，及时拿出有效的营销策略措施，推动茅台健康发展，引领中国酒业健康发展，在良好的市场环境下，共同穿越周期步入 高质量发展轨道。 接下来，茅台高层会会对茅台市场价格稳定采取什么具体有效措施或行动？值得关注。也考验陈华董事长的智慧。 据相关报道，12月28日，在"坚持以消费者为中心，全面推进茅台酒营销市场化转型"贵州茅台酒全国经销商联谊会上，茅台董事 ...

Group 1: Market Performance - The UK stock market is expected to show strong performance in 2025, with the FTSE 100 index rising from 8,173 points at the beginning of the year to 9,866 points by year-end, representing an increase of over 20% [2] - The FTSE 100 index's performance in 2025 significantly outpaced the Dow Jones Industrial Average, which had a much lower growth rate [2] - Over three-quarters of the stocks in the FTSE 100 index achieved positive growth in 2025, with 15 stocks increasing by over 50% [2] Group 2: Key Drivers - The main factors contributing to the strength of the UK stock market include attractive valuations, strong dividend yields, industry advantages, and favorable macro trends [3] - The FTSE 100 index's price-to-earnings ratio was approximately 19 times by the end of 2025, which is more reasonable compared to the S&P 500's average of nearly 30 times [3] - The dividend yield for the FTSE 100 index exceeded 3% in 2025, making it competitive in developed markets, particularly for overseas investors [3] Group 3: Currency Trends - The GBP/USD exchange rate saw significant appreciation in 2025, with the lowest point at 1.2168 in January and the highest at 1.3743 in July, stabilizing around 1.35 by year-end [4][5] - The average exchange rate for GBP/USD in 2025 was 1.3183, breaking the previous two-year range of 1.20 to 1.30 [5] - Forecasts suggest that the GBP/USD exchange rate could fluctuate between 1.33 and 1.40 in 2026, with predictions of reaching 1.40 by September 2026 [5] Group 4: Fiscal Improvements - The improvement in the UK's fiscal situation in 2025 was a key factor behind the rising stock and currency markets [6] - The Labour government increased the employer's National Insurance tax rate and extended the freeze on the personal income tax threshold, which is expected to generate an additional £8 billion for the UK treasury by the 2029-2030 fiscal year [6] - The yield on 10-year UK government bonds decreased from around 4.9% at the beginning of 2025 to below 4.5% by year-end, indicating improved fiscal health [6] Group 5: Future Outlook - Market institutions anticipate that the UK debt, stock, and currency markets will continue to strengthen in 2026 [7]

Group 1 - The 2025 China Brand Annual Person Award was held in Shenzhen, recognizing individuals who have made significant contributions to brand development in various industries [1][3] - Wu Xiangdong, Chairman of Huazhi Wine and Zhenjiu Lidu Group, was awarded for his continuous efforts in brand building and excellence in practice [1][5] - The award aims to honor outstanding representatives who have gained widespread recognition and respect in brand development since its inception in 2006 [3] Group 2 - The current global economic landscape is undergoing profound changes, with brand building becoming a core driver for companies to navigate cyclical fluctuations and achieve long-term growth [5] - Wu Xiangdong has over 30 years of experience in the liquor industry, successfully establishing two listed companies, Huazhi Wine and Zhenjiu Lidu [5][6] - In 2025, he achieved diversification through "Zhen·Zhenjiu" and high-end craft beer "Niushi," setting a benchmark for industry breakthroughs during adjustment periods [5][6]