Finn Wittrock and Alexandra Daddario as Milton and Catherine Hershey Principal Photography Begins May 2025 Across PennsylvaniaHERSHEY, Pa., April 8, 2025 /PRNewswire/ -- HERSHEY, a major motion picture of chocolate pioneer Milton Hershey and his beloved wife Catherine, 'Kitty', is officially set for production beginning in May 2025. Millions worldwide instantly recognize the distinctive wrapped Hershey's bar, but few know the extraordinary human story behind it. A must-see movie for chocolate-lovers and fan ...

Group 1 - Heinz has launched the world's first advertisement that is interrupted by a movie, called "Post-Post Credits," which will be shown exclusively at Dubai Mall Reel Cinemas during specific movie screenings [1][2] - The advertisement consists of two parts, with the first part teasing the audience before the movie and the second part rewarding those who stay until the end with limited-edition Heinz merchandise and exclusive discount deals [1][2] - The campaign emphasizes the value of patience, paralleling the experience of waiting for a movie's post-credit scene with the enjoyment of Heinz ketchup [2] Group 2 - The Kraft Heinz Company reported net sales of approximately $26 billion for 2024, focusing on growing its iconic and emerging food and beverage brands globally [3] - The company aims to make a sustainable and ethical impact while addressing global food needs, positioning itself as a consumer-driven organization [3] - FP7 McCann, the creative agency behind the campaign, has a strong regional presence with 14 offices across 14 countries and has received numerous awards for its creativity and effectiveness [4][5]

证券代码：603288 证券简称：海天味业 公告编号：2025-006 佛山市海天调味食品股份有限公司 第六届监事会第四次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 监事会会议召开情况 佛山市海天调味食品股份有限公司（以下称"公司"）第六届监事会第四次 会议通知于 2025 年 3 月 21 日以书面方式送达全体监事，会议于 2025 年 4 月 2 日在佛山市禅城区文沙路 16 号中区办公楼 4 楼会议室以现场表决方式召开。本 次会议应出席监事 3 人，实际出席 3 人。本次会议由公司监事会主席陈敏主持。 本次会议的召集、召开和会议程序符合有关法律、行政法规、部门规章、规范性 文件及《公司章程》的规定。 二、监事会会议审议情况 表决结果：3 票同意；0 票反对；0 票弃权。议案获通过。 议案内容详见登载于上海证券交易所网站 www.sse.com.cn 的《海天味业 本议案需提交公司股东大会审议。 公司监事会在全面审阅公司 2024 年年度报告后，发表如下审核意见： 表决结果：3 票同意；0 票反对； ...

证券代码：603288 证券简称：海天味业 公告编号：2025-013 佛山市海天调味食品股份有限公司 与广东海天商业保理有限公司 （一）关联方关系介绍 海天保理为公司控股股东广东海天集团股份有限公司的全资子公司，根据 《上海证券交易所股票上市规则》规定，海天保理为公司的关联方，本次交易 构成了关联交易。 进行关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、关联交易概述 公司第五届董事会第三次会议和 2022 年度股东大会审议通过了《公司拟与广东 海天商业保理有限公司进行关联交易的议案》，公司与海天保理签订合作协议。 公司根据供应商在海云信平台的申请，向供应商开具海诺单。供应商可以根据自 身资金需求选择将海诺单持有至到期收款、或转让至上游供应商、或转让至海天 保理进行融资。公司对开具的海诺单履行到期付款义务。该合作协议有效期为两 年，将于 2025 年 5 月到期。 公司拟于海天保理续签协议，新协议有效期两年，在协议有效期内公司在海 云信平台开具的海诺单最高余额不超过人民币 10 亿元。 公 ...

Financial Data and Key Metrics Changes - The company reported a low single-digit organic sales guidance for 2025, reflecting a cautious outlook amid global uncertainties [69][65] - The international business is expected to continue performing well, contributing significantly to overall results [69][118] Business Line Data and Key Metrics Changes - The Frito-Lay business is experiencing a slowdown after five years of rapid growth, with a focus on stabilizing the category and improving volume [46][75] - The beverage segment is seeing continuous margin improvement, with aspirations for mid-teens margins [43][44] Market Data and Key Metrics Changes - The North American market is expected to improve gradually throughout 2025, driven by innovation and a focus on away-from-home opportunities [68][65] - The international market, particularly Europe, has shown consistent volume growth despite pricing normalization, indicating a strong execution strategy [118][120] Company Strategy and Development Direction - The company is focusing on systematic productivity improvements, including automation and digitalization, to enhance operational efficiency [22][24] - Investments are being directed towards capturing away-from-home opportunities and developing new product offerings that align with consumer trends towards healthier options [15][90] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic environment, noting low unemployment and improving inflation, but highlighted the need for flexibility in investment strategies [24][25] - The company remains committed to long-term growth targets of 4% to 6%, with confidence in its plans to accelerate North American business [124][125] Other Important Information - The company is addressing consumer preferences for healthier options through innovations in portion control and functional snacks [60][109] - The acquisitions of Ciete and Sabra are seen as strategic moves to enhance the product portfolio and capture new market segments [111][90] Q&A Session Summary Question: Insights on Frito's reinvestment and volume deceleration - Management acknowledged the need to regain momentum in the Frito business and emphasized ongoing investments to improve performance [11][12] Question: Guidance on EPS and investment levels - Management indicated that productivity savings will remain robust, with a cautious approach to investments in light of global uncertainties [20][25] Question: Restructuring implications and M&A considerations - Management clarified that restructuring aims to enhance focus on beverage and food opportunities, with no immediate plans for further M&A [32][30] Question: North American business strategy adjustments - Management highlighted a focus on innovation and operational excellence to drive growth in both Frito-Lay and beverage segments [44][46] Question: Performance in Mexico and consumer environment - Management noted that the international business remains a significant growth opportunity, with ongoing investments to build scale [41][42] Question: Pricing strategy and consumer preferences - Management emphasized a surgical pricing strategy to provide consumers with options without diluting overall pricing [80][84] Question: Energy category growth and execution - Management reaffirmed the importance of the energy category in the beverage growth strategy, indicating no significant changes in approach [96][95] Question: Impact of GLP usage on salty snacks - Management stated that while they monitor GLP usage, they have not seen a direct impact on their business, focusing instead on evolving consumer health awareness [108][109] Question: Long-term organic sales guidance - Management expressed confidence in achieving long-term growth targets, citing strong international performance and strategic investments [124][125]

Investment Rating - The report maintains a positive outlook for the China equity market, with raised index targets for MXCN and MXHK, indicating a bullish sentiment for the upcoming quarters [5][6]. Core Insights - The report anticipates a mixed environment for 2Q25, with intertwined upside and downside risks, driven by factors such as better-than-expected EPS growth and potential macroeconomic challenges [5][6]. - The adoption of AI technologies, particularly DeepSeek, is expected to enhance corporate margins by identifying cost-saving opportunities [15][21]. - The report highlights a significant shift in fund flows, with US/HK listed China equity ETFs experiencing substantial net inflows, reversing previous outflows [23][26]. Summary by Sections 2Q25: Margins May Surprise Positively - The report identifies four key positives for 2Q25, including relative EPS growth upcycle within Asia and the positive impact of DeepSeek on corporate margins [7][15]. - The MSCI-China index has shown resilience, benefiting from improved policy visibility and earnings upcycle [7][8]. Index Targets, Sector Allocation, and Top Picks - The report raises all three targets for MXCN from HK$58/67/76 to HK$70/80/89 and for MXHK from HK$9,500/10,700/11,800 to HK$10,300/11,600/12,400 [5][6]. - Sector recommendations include upgrading Discretionary and Healthcare to Overweight (OW) while downgrading Industrials to Neutral [5][6]. Consumption and Retail Trends - Retail sales in China showed a year-on-year increase of 4.0% in January-February 2025, indicating a recovery in consumer sentiment [61][64]. - The report notes that the average home price to household income ratio has reached historically low levels, suggesting improved affordability in the housing market [45][70]. Fund Flows and Market Dynamics - Offshore passive fund flows have driven net inflows into China equities, accounting for 119% of total net inflows year-to-date [26][34]. - The report estimates that a 50 basis point increase in allocation to China could result in US$82 billion (Rmb592 billion) of net inflows [34].

Core Insights - Kraft Heinz has seen a significant decline in share value, dropping nearly 70% since 2017, despite being considered a bargain based on valuation metrics [2][3] - The company faces challenges in revenue growth due to factors such as inflation, increased competition from direct-to-consumer brands, and private label competition [3][6] - Profit margins have remained relatively stable, but the company has experienced quarterly setbacks due to supply chain issues and difficulties in passing on costs to consumers [5][6] Financial Metrics - The current price-to-earnings ratio for Kraft Heinz is approximately 13.3, which is near its lowest levels since 2020 [5] - On a forward basis, shares are trading at about 11 times expected earnings for the next year, indicating a potentially cheap valuation [5] - Despite the low valuation, the company's revenue growth challenges are expected to persist, limiting the potential for profit margin expansion and overall earnings growth [6]

Core Viewpoint - The article discusses the resurgence of Lianhua MSG, a Chinese brand, after overcoming negative perceptions and rumors about MSG's health risks, highlighting the importance of accurate information and effective marketing strategies in the food industry [1][19]. Group 1: Health and Safety of MSG - MSG, primarily composed of monosodium glutamate, is deemed safe by organizations like WHO and FAO, with extensive research supporting its safety as a food additive [3][4]. - Common health concerns regarding MSG, such as its potential carcinogenicity and links to hair loss or obesity, lack scientific backing, and MSG contains less sodium than table salt [5][6]. - The nutritional comparison shows MSG has 8160mg of sodium per 100g, significantly lower than table salt's 39311mg per 100g, indicating that using MSG can help reduce sodium intake [6]. Group 2: Historical Context of MSG in China - MSG was first isolated by Japanese chemist Ikeda Kikunae in 1908, leading to its commercialization as "Ajinomoto" [8][10]. - The production of MSG in China began with Wu Yunchu's water hydrolysis method in 1923, which broke Japan's monopoly and established domestic production [10][12]. - Lianhua MSG emerged as a leading brand in the 1980s, achieving a market share of 43% and becoming the first MSG stock in China by 1998 [12][19]. Group 3: Market Dynamics and Competition - The entry of multinational companies promoting "chicken essence" in the early 2000s led to a significant decline in MSG's market share, as these companies successfully rebranded consumer perceptions [12][14]. - The negative portrayal of MSG was exacerbated by the "Chinese restaurant syndrome" narrative, which originated from a 1968 letter in a medical journal, despite MSG being recognized as safe by the FDA since 1959 [15][16]. Group 4: Revival Strategies for Lianhua MSG - Post-bankruptcy, Lianhua MSG utilized new media to reshape consumer perceptions, showcasing production processes and innovative product ideas like "MSG cocktails" and "MSG ice cream" [19][24]. - The company reported over 100 million in net profit in 2024, indicating a successful turnaround and revaluation of the brand in the market [19][24]. Group 5: Food Safety and Public Perception - The article emphasizes the need for rigorous food safety regulations and accurate public information to combat misinformation and restore consumer trust in domestic products like MSG [20][24]. - It advocates for a multi-faceted approach to food safety communication, combining traditional and new media to effectively educate the public about the safety and benefits of MSG [24][25].

Core Viewpoint - The new food safety standards prohibit the use of terms like "zero added" and "not added" on pre-packaged foods, aiming to address misleading marketing practices in the industry. The implementation date is set for March 16, 2027, allowing companies a two-year transition period to comply [1][2][11]. Group 1: New Regulations - The newly released standards include 59 food safety national standards and amendments, specifically targeting misleading marketing language in pre-packaged food labeling [2][11]. - The revised GB 7718-2025 standard explicitly bans terms synonymous with "not added," such as "zero added" and "no added," to prevent consumer misunderstanding [2][13]. Group 2: Industry Response - Companies like Haidilao, Jinlongyu, and Qianhe have expressed support for the new regulations, indicating a commitment to comply and improve transparency in product labeling [11][12]. - The new regulations are expected to shift the industry focus from "label marketing" to "quality competition," encouraging companies to enhance product development and quality [11][12][14]. Group 3: Marketing Practices - Many brands, including Hao Shi and Wei Chuan, have been found to label products as "zero added" while containing other sugars or additives, highlighting the prevalence of misleading marketing in the industry [3][4][6]. - The dairy sector also sees widespread use of "zero added" claims, with brands like Nayuki and Mengniu promoting products as "zero sugar" or "zero fat," despite containing other forms of sugar [6][7]. Group 4: Consumer Misunderstanding - The marketing of "not added" products has created consumer misconceptions about the safety and quality of food products, leading to increased anxiety over the use of food additives [13][14]. - Experts argue that the new regulations will help consumers return to a more scientifically informed understanding of food safety, reducing the confusion caused by misleading claims [13][14].

Financial Data and Key Metrics Changes - Revenue for Q4 2024 was $2.8 million, up from $1.9 million in Q4 2023. Full-year revenue for 2024 reached a record $10.7 million, compared to $8.1 million in 2023 [18] - Gross margin for Q4 2024 was 26%, down from 33% in Q4 2023. Full-year gross margin for 2024 was 34%, compared to 35% in 2023 [19] - Net loss for Q4 2024 was $852,000, compared to a net loss of $701,000 in Q4 2023. Full-year net loss for 2024 was comparable to 2023 at $2.8 million [23] Business Line Data and Key Metrics Changes - The increase in revenue was primarily due to expanded bottle production capacity and improvements in smoothie carton and bulk sales [18] - The new product, Pop and Go 100% juice freeze pops, was launched in Q4 2024, targeting a larger market opportunity compared to previous offerings [12] Market Data and Key Metrics Changes - The company has achieved 95% coverage across the U.S. education channel but is only at 5% market penetration, indicating significant growth potential [14] Company Strategy and Development Direction - The company made strategic investments and operational enhancements in 2024, positioning itself for sustained growth and expecting revenue growth of 35% to 55% in 2025 [9][10] - The onboarding of new co-manufacturers is expected to be completed by Q2 2025, which will enhance manufacturing capacity in time for the back-to-school demand [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving meaningful margin improvement as operational investments yield results, with expectations for significant revenue growth in 2025 [15][16] - The company is optimistic about the potential positive effects of changes in educational funding on its products [42] Other Important Information - The company raised $3 million through the sale of common stock and secured a $1.5 million line of credit to support its growth strategy [13][27] - Adjusted EBITDA loss for Q4 2024 was approximately $561,000, compared to a loss of $427,000 in Q4 2023, while the full-year adjusted EBITDA loss improved to $1.3 million from $1.7 million [24] Q&A Session Summary Question: Expectations for the new Pop and Go freeze pops - Management indicated that it is early days for the product, which was launched late in Q4, but feedback has been positive and bids are in process [34][35] Question: Customer relationships during production issues - Management acknowledged that production issues tested customer relationships but noted that customers are eager for the product and are waiting for supply to stabilize [37][38] Question: Customer concerns regarding funding cuts - Management reported no direct negative feedback from customers regarding budgetary constraints, suggesting that some funding cuts could potentially benefit their products in schools [41][42]