FBIF从不只是枯燥的演讲，我们希望在分享丰富干货的同时，您还能感受到乐趣，享受与现场嘉宾共同 放松的时光。今年，我们精心设计 12大互动环节 ，特邀 近30位不同领域的行业专家 ，不仅充满趣 味，而且更具深度，远超您的预期！ 话不多说，让我们一同揭开精彩的面纱！ 饮料创新论坛 【互动研讨一】FB IF2025 【中国植物地图发布】 【时间】 5月8日 14:40-15:10 【地点】 饮料创新论坛 植物饮料正在加速从边缘走向核心。它不再是被贴上"健康"标签的功能饮品附属品，而是成为 连接无 糖化、功能化与消费分层 的重要入口。在原料透明度、成分结构与文化价值被重新审视的今天，植物 正从"配角"走向"主角"。 这一趋势背后，是行业对中国原料体系认知的重新建立。 为此，FBIF特别发布——《FBIF中国植物地图》。以"药食同源"为基础视角，首次系统梳理全国34个 省市区的代表性可食植物资源，涵盖 野菜、中草药、特殊本草 三大板块，构建出一套面向行业的 原料 灵感数据库 ，也是一份连接配方设计、风味创新与文化表达的资源底图。在今天，当饮品行业开始 从"甜"走向"清"、从"刺激"走向"调理"，植物不只是被动被使用的 ...

以下文章来源于新经销 ，作者赵胜男 新经销 . 专注于中国消费品领域新媒体，对通路营销、渠道数字化及新零售领域进行专业研究及媒体报道。 国家统计局日前公布的数据显示，2024年，中国社会消费品零售总额487895亿元，比上年增长 3.5%，但这一数字背后却难掩行业的深层裂变。 传统零售业态持续承压，线上线下融合加速、新兴模式冲击加剧，一场关于生存与转型的战役悄然打 响。 图片来源：walmart 据「新经销」统计的31家零售上市企业中，仅10家实现营收增长，13家利润增长，分化格局进一步凸 显。 全球化企业凭借全渠道布局逆势突围，而依赖传统模式的企业则在成本高企与消费疲软中艰难挣 扎。 从沃尔玛全球电商销售额突破300亿美元，到名创优品海外营收占比近40%；从苏宁易购扣非净利润亏 损超10亿元，到国美零售营收同比骤降26.76%—— 财报数据的冰火两重天，折射出零售行业剧变期 的残酷真相。 电商渗透率攀升、即时消费需求爆发、低价折扣业态崛起，正在重塑消费者行为与行业竞争逻辑。 | | | | | 2024年上市零售企业财报 | | | | --- | --- | --- | --- | --- | --- | ...

Investment Rating - Industry rating: Outperform the market (maintained rating) [4] Core Viewpoints - The food and beverage sector is expected to benefit from the upcoming quarterly reports, with significant opportunities in the konjac market due to its current demand boom [2][11] - The liquor sector is experiencing a supply-side clearance, with a focus on strong alpha liquor companies that may exceed expectations during the earnings season [2][11] - The beverage and snack sectors are showing signs of recovery, with improved retail data and performance from key players like Dongpeng and Master Kong [2][12][14] Summary by Sections Market Performance Review - From April 14 to April 18, the food and beverage sector rose by 0.24%, while the Shanghai Composite Index increased by 0.59%. Notable performances included soft drinks (+4.42%), pre-processed foods (+4.11%), and snacks (+3.79%) [1][23]. Liquor Sector Insights - The liquor sector saw a decline of 0.27%, attributed to the off-peak consumption season and concerns over falling prices of major products like Moutai. The sector's performance is expected to stabilize as inventory adjustments occur [2][11]. - Retail data for March showed a total retail sales of liquor and tobacco at 51.5 billion yuan, a year-on-year increase of 8.5% [2][11]. Beer and Beverage Sector Insights - The beer sector declined by 0.44%, but March data indicated a 1.9% year-on-year increase in beer production, suggesting a potential recovery as warmer weather approaches [12][14]. - Key players like Heineken and Dongpeng reported strong earnings, with Dongpeng's Q1 revenue and net profit increasing by 39% and 48% respectively [12][15]. Consumer Goods Sector Insights - The snack sector is highlighted for its potential growth, particularly in the konjac market, which is currently experiencing a demand surge. Companies like Absolute Taste are innovating with AI models to enhance performance [2][14][17]. - The dairy sector is expected to benefit from ongoing policies supporting childbirth and rising beef prices, which may stimulate demand for dairy products [2][20]. Investment Recommendations - Recommended stocks in the food and beverage sector include Qingdao Beer, China Resources Beer, Budweiser, and Mengniu Dairy. For the liquor sector, strong alpha companies like Guizhou Moutai and Shanxi Fenjiu are suggested [3][22]. - Focus on consumer goods, particularly snacks and dairy, is advised due to their potential for strong performance in the upcoming quarters [3][22].

Core Viewpoint - Liuliu Fruit Garden Group Co., Ltd., the parent company of "Liuliu Mei," has submitted an IPO prospectus to the Hong Kong Stock Exchange, aiming for a main board listing after withdrawing its A-share application in 2019 [1][2]. Financial Performance - The company's revenue has shown significant improvement, with projected revenues of approximately 1.174 billion, 1.322 billion, and 1.616 billion yuan for 2022, 2023, and 2024 respectively, compared to 804 million, 847 million, and 873 million yuan from 2016 to 2018 [3][4]. - Net profits are also on the rise, estimated at 68 million, 99 million, and 148 million yuan for the same years, contrasting with previous declines [3][4]. Product Diversification - The introduction of "Mei Dong" has become a significant growth driver, generating 410 million yuan in revenue in 2024, a year-on-year increase of 32.26%, accounting for 25.4% of total revenue [7]. - Despite the introduction of new products, over 90% of revenue still comes from plum-related products, raising concerns about market risk and growth potential [10][11]. Market Risks - The reliance on a single product category poses risks, particularly in the face of natural disasters affecting raw material supply, as seen in past years [11][12]. - The company's global sourcing strategy may mitigate some risks, but geopolitical uncertainties, such as trade wars, could exacerbate concerns [11][12]. Sales Model Transformation - The sales model has shifted from a distributor-centric approach to a direct sales model, with direct sales accounting for 59.2% of revenue by 2024, compared to 25.5% in 2022 [13]. - The growth in sales through retail channels, particularly through major clients, has contributed significantly to revenue [13]. Financial Health - As of the end of 2024, the company has total non-current assets of approximately 735 million yuan, with current assets totaling 936 million yuan, but a significant portion is tied up in inventory [17]. - Current liabilities are high at 1.049 billion yuan, with short-term debt pressures evident, raising concerns about liquidity [18]. Marketing and Advertising - The company has increased its marketing expenditures significantly, with advertising costs rising from 66.66 million yuan in 2022 to 79.02 million yuan in 2024, surpassing sales expenses [21]. - This heavy reliance on celebrity endorsements may pose risks to long-term brand stability, as seen in past controversies [22][24]. Conclusion - While Liuliu Fruit Garden has shown promising financial recovery and growth potential, challenges related to product diversification, market risks, and financial health remain critical considerations for its upcoming IPO [25].

一周IPO动态，覆盖港股、美股、A股。 本文为IPO早知道原创 作者｜C叔 微信公众号｜ipozaozhidao 映恩生物 港股｜挂牌上市 据IPO早知道消息，Duality Biotherapeutics, Inc.（以下简称"映恩生物"）于2025年4月15日正式 以"9606"为股票代码在港交所主板挂牌上市。 映恩生物在本次IPO中发行17,332,300股股份，相较早前的发行计划有所提升。其中，香港公开发 售获115.14倍认购，国际发售获13.52倍认购。 同时，映恩生物在本次IPO发行中总计引入十余家基石投资者，累计认购规模6500万美元（5.05亿 港元）——BioNTech SE(Nasdaq: BNTX)认购500万美元、礼来认购500万美元、清池资本（Lake Bleu Prime）认购500万美元、TruMed Investment认购1000万美元、富国基金认购1000万美元、 易方达基金认购800万美元、汇添富基金认购600万美元、磐京基金认购500万美元、MY.Alpha Management认购500万美元、Exome Asset Management认购400万美元、苏州苏创认 ...

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].

以下文章来源于摩登消费 ，作者付艳翠 摩登消费 . 潮趣消费指南，摩登生活方式。 作者： 付艳翠 来源：摩登消费 （ID：modengxiaofei ) 在"你旺我旺大家旺""再看，就把你喝掉""三年二班李子明同学"等广告营销下，中国旺旺一度给 80、90后的童年记忆打下了深深烙印。 "我小时候每年过年家里都要买旺旺大礼包，记得有一年买大礼包送游戏光盘，我非常喜欢。它的 名字我现在还记得——《热血躲避球》，之后的日子我将这款游戏打通了一次又一次。"90后辰辰 向「摩登消费」回忆道。 从几年前开始，辰辰购买中国旺旺的频率越来越少。 "现在买旺旺产品的时候不多，就过年时偶尔看见好玩的产品才买。"辰辰表示，不是不喜欢旺旺 了，只是因为几年前她脸上开始长痘，就再不敢买类似的零食了。 当曾经旺旺的忠实粉丝们成长到需要控糖的年纪，中国旺旺终于遇到了"中年危机"。 中国旺旺2024财年上半年（截至2024年9月30日止6个月）业绩显示，其营收为108.77亿元，同 比下滑3.5%。事实上，自2012年旺旺集团营收首次突破200亿元后，旺旺营收至今仍在该数值上 下徘徊，总营收依然未超越2021年时的239.8亿高位。 距离旺 ...

日前，休闲零食溜溜梅母公司溜溜果园集团股份有限公司（以下简称"溜溜果园"）正式递表港交所。早在2019年6月，溜溜果园就已提交了在深交所上市的 申请，后于同年12月撤回申请。 根据弗若斯特沙利文的资料，2024年，溜溜果园在中国天然果冻行业（按零售额计）排名第一，市场份额为45.7%。招股书披露，梅冻的毛利率颇高，近 三年毛利率分别为36.2%、49.2%、47.8%。 红星资本局注意到，溜溜果园比较依赖青梅类产品，梅干零食在近三年贡献了超6成营收，其第二增长曲线梅冻目前在总营收的占比仅为25%左右。另外， 青梅受自然环境影响，会产生质量和数量的不稳定，溜溜果园业绩受原材料波动的影响较大。 4月17日，红星资本局就相关问题致电溜溜果园，截至发稿时间，未有回复。 01 去年营收16亿元，超6成收入来自青梅类产品 溜溜果园成立于1999年，2001年推出溜溜梅产品，后因"没事就吃溜溜梅"的广告语迅速提升知名度。目前产品包括四类：梅干零食（包含青梅、李梅、杨 梅）、西梅产品、梅冻、其他梅产品（如梅精软糖、梅茶茶汤等）。 招股书披露，根据弗若斯特沙利文的资料，按零售额计算，溜溜果园2024年在中国果类零食行业排名第一 ...

继上月完成超千万增资后，湖南鸣鸣很忙商业连锁股份有限公司（简称"鸣鸣很忙"）于近日再获资本大 手笔加持，其频繁的增资举措也进一步引发了市场对其上市计划的广泛猜测。 工商信息显示，鸣鸣很忙注册资本由4000万增加至2亿元，同时，其投资总额同步发生变更，由 4943.2756万元增至6亿元。 事实上，就在上月17日，鸣鸣很忙完成了成立以来的首笔超千万增资，注册资本由2471.63万元增至 4000万元，结合此番增资，增资幅度已达709.2%。 两天后，市场监管局再次披露一则关于18批次食品不合格情况的通告，其中再次出现了赵一鸣零食店的 身影。 此外，今年1月，鸣鸣很忙突遭市场监管总局反垄断罚款175万元。当月3日，市场监管总局对鸣鸣很忙 收购宜春赵一鸣食品科技有限公司股权违法实施经营者集中案作出行政处罚决定。这是新修订的反垄断 法施行后，总局公布的第四例违法实施经营者集中案件的处罚决定。 除增资之外，近两个月时间，鸣鸣很忙动作频频。3月中旬，其同步完成了公司更名及重要人事调整。 记者看到，其公司名称由湖南鸣鸣很忙商业连锁有限公司变更为湖南鸣鸣很忙商业连锁股份有限公司， 企业类型由有限责任公司（港澳台投资、非独资） ...