Group 1: Market Overview - Futures are indicating cautious gains across Europe and the US ahead of a crucial non-farm payrolls report, with White House officials managing expectations [1] - European futures are mixed, with the UK stock market expected to improve, while the US markets show a patchy picture, particularly with technology stocks facing downward pressure [12][13] Group 2: Company Announcements - Heineken is cutting up to 6,000 jobs over the next two years and lowering its growth forecast for the fiscal year, now expecting profits to grow between 2% and 6% compared to previous guidance of 4% to 8% [16][17] - Commerce Bank reported better-than-expected earnings in the fourth quarter and anticipates that net profit in 2026 will exceed targets [2] - Total Energies is facing challenges due to low oil prices and is focusing on increasing energy production by 5% overall for the year [6][9] Group 3: Financial Performance - Heineken achieved a 4.4% organic growth in revenue and a 2.6 billion euros free operating cash flow, with a margin expansion of 40 basis points [18] - BP has suspended its buyback program to repair its balance sheet, while Total Energies confirmed a buyback guidance of between 3 billion and 6 billion dollars for crude prices between $60 and $70 per barrel [7][8] Group 4: Strategic Initiatives - Heineken's CEO emphasized the importance of productivity and cost-cutting measures as part of their evergreen strategy, aiming for annual savings of 400 to 500 million euros [22] - Total Energies is exploring solar energy partnerships, indicating a shift towards renewable energy sources [10][11] Group 5: Industry Trends - The European food and drink sector is facing challenges in developed markets, while emerging markets show growth potential due to urbanization and increasing GDP [30] - The oil and gas industry is experiencing pressure from low prices, prompting companies like BP and Total to adjust their strategies [6][7]

Group 1: Heineken - Heineken announced it will cut between 5,000 and 6,000 jobs over the next two years due to "challenging market conditions" as part of a turnaround strategy aimed at accelerating growth by 2030 [3] - The company reported a 1.2% decline in total production volumes for 2025, while operating profit increased by 4.4% compared to the previous year [3] - Heineken expects operating profit growth in the range of 2% to 6% for the current year [3] Group 2: Siemens Energy - Siemens Energy reported a nearly tripled net profit of 746 million euros ($889 million) for its fiscal first quarter, driven by robust demand from data center expansion [4] - The company's stock rose by 5.3% following the earnings update [4] Group 3: Commerzbank - Commerzbank achieved a record operating profit of 4.5 billion euros, supported by net commission income and strong performance from its Polish subsidiary mBank [5] - The bank's net profit reached 2.6 billion euros, surpassing its target of 2.5 billion euros [5] - Commerzbank anticipates that net profit in 2026 will likely exceed its original target of 3.2 billion euros [5] Group 4: Lufthansa - Lufthansa's shares fell by 3.5% amid news of impending staff strikes, with pilots' union VC calling for a 24-hour strike over a pensions dispute [6] Group 5: Market Overview - European equities opened mixed as investors assessed a wave of corporate earnings, with the pan-European Stoxx 600 marginally lower [1] - Global investors are closely monitoring U.S. nonfarm payrolls data for January, scheduled for release at 8:30 a.m. ET [6]

Heineken will cut 5,000 to 6,000 jobs as the Dutch brewer faces a slump in demand for alcohol. Read more: https://t.co/NBCCFUbWbN📷️: Jasper Juinen/Bloomberg https://t.co/87MDkMY7L5 ...

Core Viewpoint - The brewer plans to eliminate between 5,000 and 6,000 jobs over the next two years due to declining sales volumes at the end of 2025 [1] Group 1 - The company is responding to a continued slide in sales volumes [1] - Job cuts are expected to occur over a two-year period [1] - The total number of roles to be removed is significant, ranging from 5,000 to 6,000 [1]

格隆汇2月11日｜据智通财经，因节前茅台酒旺销，贵州茅台包装车间近期进入满产运行状态，公司多 个部门员工分批次被安排到包装车间临时支援生产，春节期间也安排了加班与生产。"公司始终坚持以 市场为中心，(春节期间)辛苦加班是应该的！"有茅台内部人士表示。 ...

Core Viewpoint - The article emphasizes the unique cultural and historical significance of Suixi Ancient Town and its contribution to the brewing industry, particularly highlighting the craftsmanship and harmonious blending of flavors in the production of Kuozi Jiao liquor [1][3][7]. Group 1: Cultural and Historical Significance - Suixi is located at a geographical transition zone in China, serving as a cultural intersection that has fostered a rich brewing history spanning 2,700 years [3]. - The region's fertile soil and abundant grain production provide a solid foundation for liquor production, with a continuous brewing history dating back 700 years [3]. - Notable historical figures, including poets and scholars, have contributed to the local wine culture, further embedding it into the identity of the city [3]. Group 2: Craftsmanship and Brewing Techniques - Kuozi Jiao employs a unique "one-step fragrance" brewing technique, where various aromatic compounds naturally blend during fermentation in the same pit [4]. - The production process utilizes three types of qu (fermentation starter), each serving a distinct purpose, which exemplifies the principle of harmony in diversity [4]. - The "three-step cyclical storage method" involves aging new liquor for a year, followed by a minimum of five years in clay jars, reflecting a patient and meticulous approach to brewing [4]. Group 3: Aging and Flavor Complexity - The aging process in the wine cellar allows for the development of complex aromas, with long-stored liquor exhibiting rich layers of scents, including grain, sauce, and floral notes [6]. - The quality of the liquor is enhanced over time, with a five-year base aging period allowing for a fuller and richer flavor profile [6]. - The article highlights the cultural significance of Kuozi Jiao, which embodies the essence of Anhui's rich heritage and the philosophy of "harmony in diversity" [6][7].

见手青，传说中一种美味与危险并存的菌类。一旦误食导致中毒，有可能看到色彩鲜艳的"小人"在眼前飞舞。 天猫啤酒行业负责人肥兔向《天下网商》介绍，2024年至2025年，精酿啤酒品类高速增长，电商渠道销售占比逐年增加，中式精酿更是线上爆红的典 范，"与传统工业啤酒市场增速放缓不同，精酿啤酒赛道目前势头正盛。" 数据显示，近年来，中国啤酒市场总产量徘徊在3500万千升附近，精酿啤酒市场却显著增长。以精酿等低度酒饮为代表，一度沉寂的"微醺经济"正在卷土 重来。 "小众口味"席卷啤酒界 多元化和包容度，是当前这股"新中式精酿"风潮的显著特征。 引领"茶啤"风潮的金星啤酒，已向港交所递表谋求IPO；乌苏啤酒推出大红袍、新疆酒花系列精酿，是传统品牌焕新的例子；盒马鲜生也上线了砂糖橘、 糖葫芦、红颜草莓等风味精酿，加入年酒消费热潮。 新中式精酿得以爆火，源自产品和场景层面的共同需求：一方面，咖啡、奶茶等品类的教育，培养了消费者对果味、小众口味的习惯和偏好；一方面，精 酿啤酒延续了它诞生时的"小众""艺术"概念，成为年轻消费者彰显身份的标签。 在云南，见手青的滋味有多美妙，"威名"就有多响亮。以至于许多人一眼看到菜单上的"见手 ...

Core Viewpoint - The Chinese liquor market is experiencing a price increase for top products, with the average retail price of the top ten liquor items reaching a new high of 9,221 yuan on February 9, 2025, marking a 29 yuan increase from the previous day [1][6]. Price Trends - The overall price trend for the top ten liquor items shows six items increasing in price, three decreasing, and one remaining stable [1][6]. - The leading price increase was seen in Yanghe Dream Blue M6+, which rose by 13 yuan per bottle, followed by Gujing Tribute Wine 20 with a 12 yuan increase [1][6]. - Moutai products, including Flying Moutai and Premium Moutai, also saw price increases, with Flying Moutai rising by 5 yuan, achieving a one-month high [1][6]. Market Dynamics - The market is characterized by a significant divergence, with high-end products performing well while mid-range products experience slight declines [1][6]. - A recent survey indicated that overall liquor sales have decreased by 10%-20% across the country, with notable regional differences [7]. - Despite the overall decline, over 30% of distributors reported stable or growing performance, highlighting a split in market dynamics [7]. Consumer Behavior - High-end liquor sales are driven by gifting and banquet demands, while lower price segments are supported by everyday consumption needs [7]. - The market for liquor priced between 300-600 yuan is under pressure due to economic conditions and competition, with sales declining over 20% [7]. Future Outlook - As the Spring Festival approaches, a final wave of concentrated purchasing is expected, with high-end and mass-market liquors maintaining steady sales, while mid-range products face continued pressure [7].

Group 1 - The core viewpoint of the article is that instant retail is emerging as a new growth opportunity for the liquor industry, particularly in the context of structural adjustments in the baijiu sector, with significant market expansion expected in the coming years [1][14][20] - The instant retail market in China reached 780 billion yuan in 2024, with a year-on-year growth of 20%, and is projected to exceed 1 trillion yuan by 2025 and reach 2 trillion yuan by 2030, with a compound annual growth rate (CAGR) of approximately 17% over the next six years [1][26][20] - The liquor instant retail market, although starting later, is experiencing rapid growth, with an estimated scale of 360 billion yuan in 2024, expected to rise to 1 trillion yuan by 2027, reflecting a near double-digit CAGR [3][20] Group 2 - The rise of instant retail is driven by three main factors: changing consumer habits favoring convenience and instant gratification, significant cost advantages through reduced distribution channels, and proactive changes from suppliers seeking new growth avenues [4][19][52] - Four operational models of liquor instant retail have emerged: vertical platforms (e.g., 1919, Jiu Xiaoyi), platform-type (e.g., Meituan Flash Purchase, JD Seconds), integrated warehouse-store models (e.g., Hema, Yonghui), and front warehouse models (e.g., Dingdong Maicai, Meituan Maicai) [4][47] - Major liquor companies, including Kweichow Moutai, Wuliangye, and Luzhou Laojiao, are actively collaborating with platforms like Meituan and JD to offer rapid delivery services, indicating a strategic focus on instant retail [7][48] Group 3 - Instant retail is seen as a key channel for liquor companies to reach younger consumers, with the potential to create incremental sales through efficient fulfillment [19][56] - However, challenges exist, such as the inability of online channels to provide the social experience and authenticity associated with offline purchases, which may impact brand image and pricing structures [11][57] - The report suggests that liquor companies should carefully manage channel boundaries to avoid core products becoming mere traffic drivers and to enhance product differentiation and digital anti-counterfeiting measures [13][57] Group 4 - The overall view is that instant retail represents not only a channel transformation but also a crucial strategy for the liquor industry to adapt to cyclical adjustments and connect with a new generation of consumers [14][55] - The competition in the instant retail space will favor those who can balance efficiency with brand value, positioning themselves advantageously in the evolving market landscape [16][56]

Bitburger saw its revenues fall almost 6% last year but the German brewer is forecasting a rise in sales – and volumes – in 2026. The company booked a 5.7% decline in revenue to €753m ($888.5m), which it pinned on challenging conditions for the overall German beer market and its moves to increase prices. “Our sales declines are not only due to an extremely difficult year overall for the entire industry but primarily to the price increase we implemented and consistently enforced in the market,” the brewe ...