Financial Performance - In 2024, the company achieved total revenue of 270 million yuan, a year-on-year increase of 26.36% [2][3] - The net profit attributable to shareholders was a loss of 199.77 million yuan, an improvement from a loss of 268.65 million yuan in the previous year [2][3] - The net profit excluding non-recurring items was a loss of 161.57 million yuan, compared to a loss of 243.67 million yuan in the previous year [2][3] - The net cash flow from operating activities was 80.97 million yuan, a significant increase of 238.56% year-on-year [2][3] Key Ratios - The basic earnings per share for 2024 was -0.34 yuan, with a weighted average return on equity of -17.26% [2][3] - The company's price-to-earnings ratio (TTM) is approximately -8.71 times, while the price-to-book ratio (LF) is about 1.68 times, and the price-to-sales ratio (TTM) is around 6.41 times [2][3] Asset and Liability Changes - As of the end of 2024, the company's net assets attributable to shareholders decreased by 18.38% compared to the previous year [3] - Inventory decreased by 41.44%, while cash and cash equivalents increased by 20.29% [51] - Contract liabilities increased by 106.8%, while lease liabilities decreased by 69.72% [54] Research and Development - The company invested 14.96 million yuan in research and development in 2024, a year-on-year increase of 28.54%, representing 5.54% of total revenue [61] Shareholder Structure - The largest shareholder, Tibet Rong'en Technology Co., Ltd., holds 32.13% of the shares, with significant pledges on their holdings [65] - New shareholders include Hu Zhenmin, Zhu Qiulian, Zhang Qian, and Ye Lingxiang, replacing previous shareholders [66]

由于担心的关税政策对经济产生深远影响，美国的消费者信心指数已降至历史最低水平之一。根据密歇根大学最新发布的数据，四月份的消费者信心指数终 值为五十二点二，较上月下降百分之八。这一数字不仅显示出消费者情绪的急剧恶化，也是自一九七零年代末以来的第四低记录。 虽然四月份现况指标略有改善，美国消费者对个人财务及商业状况的整体看法却在继续下滑。尤其是预期指数的降幅显著，自今年一月以来已下降百分之三 十二，这是自一九九零年经济衰退以来的最大三个月降幅。这一变化在中等收入家庭中尤为明显，各年龄层、教育背景的消费者均表现出悲观情绪。 调查 显示，消费者普遍认为经济面临诸多风险，贸易政策的不确定性和可能的通胀加剧引发了广泛担忧。特别是在三月二十五日至四月二十一日的调查期间，美 国宣布了对多数贸易伙伴的关税措施，尽管此后又暂缓了九十天的实施，但这些政策仍对消费心理造成了重大冲击。 密歇根大学的消费者调查中心主任Joanne Hsu指出，劳动力市场的预期也显得暗淡，许多消费者预计未来一年内自我收入增长将放缓。特别是，短期内的通 胀预期从上月的百分之五大幅升至百分之六点五，创下一九八一年以来的最高水平，长期通胀预期也上升至百分之四点 ...

出品丨虎嗅智库 头图丨4月28日大鲸AI峰会现场拍摄 当下拥抱AI已经成为行业共识。然而聚焦到业务的落地层面，各家的进展却参差不齐。在真实的商业场景中，AI究竟解决了哪些核心问题，带来了哪些可 衡量的价值？ 基于此，4月28日，由虎嗅及虎嗅智库主办、香港城市大学大力支持的大鲸AI峰会零售消费专场在杭州成功举办。此次大会汇聚了学界领袖与产业先锋，共 同探讨了AI技术，特别是生成式AI，在零售消费领域的变革蓝图与实践路径 。从宏观视角到具体场景，从技术突破到商业落地，与会嘉宾现场深度剖析了 AI在消费零售业的应用趋势，在美妆快消、生鲜餐饮、直播与新零售、出海、时尚鞋服等具体场景下的AI应用落地实践及推进挑战等行业最关心的话题。 希望本篇大会观点摘录，能给未到场的人士一些启发，也欢迎读者朋友与我们深度交流。 以下为部分嘉宾的观点摘要： 从辅助到引领：AI革命的宏观视角 香港城市大学校长梅彦昌教授高屋建瓴地指出，AI已经完成了从"演化"到"革命"的转变 。他强调：AI不再是辅助角色，而是今天的主角，其力量不仅在于 优化现有流程，更在于"有能力创造前所未有的事物 "。面对这场革命，梅校长认为大学必须进行深刻变革，拥抱技 ...

转自：新华财经 新华财经上海4月30日电（记者许晓青）北京时间4月29日至30日，多家从事饮料快消行业的跨国企业发 布最新一季财务季报。数据显示，中国快消饮品市场畅旺，长期增长潜力明显。 截至3月30日的星巴克2025财年第二季度季报数据显示，星巴克中国在各项关键财务指标上均表现良 好，营业收入达7.397亿美元，同比增长5%。与上一财务季度相比，在各类商圈、不同城市层级、各个 营业时段，同店交易量同比攀升，实现4%的增长，同店销售额继续大幅改善。 29日，可口可乐公司发布的2025年一季报也显示中国区业务活跃。销量方面，全球单箱销量增长2%， 主要受益于中国、巴西等市场的驱动。值得一提的是，亚太市场单箱销量增长了6%，这与中国春节消 费活跃紧密相关。 可口可乐公司董事会主席兼首席执行官詹鲲杰（James Quincey）在财报电话会议上特别谈及中国市 场。他认为，中国市场的增长得益于2024年采取的一系列举措，包括聚焦核心品类以及部分品牌的升级 焕新。同时，可口可乐中国系统也专注于提升执行能力并取得成效，推动了销量的增长。 多位跨企高管对中国市场的中长期发展很有信心。星巴克中国首席执行官刘文娟说："未来我们 ...

Core Viewpoint - The new U.S. tariff policy is significantly impacting domestic product supply, leading to widespread price increases across various consumer goods in the U.S. market [1] E-commerce Price Surge - Amazon sellers have raised prices on popular items such as diapers, refrigerator magnets, and necklaces due to increased import costs, with an average price increase of 29% across various categories [2] - SmartScout reported that 930 products on Amazon have seen price hikes since April 9, although Amazon claims this represents less than 1% of their total products [2] - Fast fashion giant Shein has also increased prices on items sold in the U.S., with some products seeing price hikes as high as 377%, particularly in the beauty and health categories [4][5] Pharmaceutical Price Increases - The U.S. pharmaceutical sector is facing a price surge, with a report indicating that a 25% tariff on imported drugs could raise annual drug costs by nearly $51 billion, leading to a maximum price increase of 12.9% [6] - The U.S. relies on imported drugs for over 50% of its pharmaceutical needs, with the import scale projected to reach $203 billion in 2023 [6] Impact on Major Corporations - Major companies like Amazon are adjusting their revenue forecasts due to the increased costs from tariffs, with Amazon's stock price dropping 15% this year [9] - Unilever reported a 1.7% average price increase in Q1 2025, while PepsiCo and Nestlé have also raised prices on their products due to rising costs from tariffs and commodity prices [10] - Small businesses are particularly vulnerable to these tariff-induced cost increases, with warnings that continued pressure could lead to a wave of retail bankruptcies [10]

近日，高德地图旗下的高德云图在上海举办"零售行业万物新生私享会"。伊利、蒙牛乳业、光明乳业 （600597）、百事、益海嘉里、康师傅、通用磨坊、三得利等国内外头部零售企业应邀参会，围绕"时 空智能驱动零售产业升级"展开深度探讨。 当前，零售行业正从"粗放扩张"转向"精准运营"，传统铺货模式面临售点数据不足、市场空白识别困 难、渠道协同效率低等痛点。 在此背景下，高德云图依托时空模型、企业级地图服务，推出覆盖"洞察-治理-决策-执行"的全链路数字 化渠道解决方案——结合AI技术动态识别市场潜力区域，实现片区智能规划与门店选址优化，并通过 分钟级锁定高价值点位、实时调整铺货策略，助力企业提升渠道效率与市场覆盖精准度。 此外，高德云图还联合尼尔森IQ、棱镜极智能、蓝象智联等技术伙伴构建生态协同体系：通过与尼尔 森IQ共创"黄金门店价值评估体系"，结合棱镜极智能的GEO-AI技术落地DRTM数字分销解决方案，打 通公域地理信息、企业私域经营数据与GIS空间算法，形成"数据融合-智能建模-动态执行"的技术闭 环。同时，引入蓝象智联隐私计算技术，确保商业数据在安全合规前提下释放价值。 高德云图商业线总经理韩鹏总结称，数字 ...

ST春天(600381.SH)公告称，因公司2024年度的利润总额、 净利润或者扣除非经常性损益后的净利润孰 低者为负值且扣除与主营业务无关的业务收入和不具备商业实质的收入后的 营业收入低于3亿元，公司 股票将被实施 退市风险警示。股票简称由"ST春天"变更为"*ST春天"，实施起始日为2025年4月30日。 公司将采取措施争取撤销退市风险警示，包括提升大健康板块业务销售业绩、推出新的酒水快消品板块 产品、积极开拓新的业务板块和加强内部控制制度建设。若公司2025年度相关财务指标仍不达标，公司 股票可能被终止上市。 ...

Core Insights - The fast-moving consumer goods (FMCG) industry is undergoing a deep reshuffle in the "involution stock" era, facing multiple challenges such as inefficient product selection, rising logistics costs, inventory backlog, chaotic channel management, and reliance on paper-based ordering processes [1][3][5] - The establishment of the "Smart Barley Joint Procurement Alliance" marks a significant step towards a collaborative supply chain network aimed at providing new pathways for distributors to navigate the challenges of stock competition through resource integration and model innovation [3][5][6] Group 1: Industry Challenges - Distributors are struggling with low efficiency in product selection due to poor pallet assembly, leading to increased pressure as they invest more [1] - Continuous rise in logistics costs is squeezing profit margins, while inventory backlogs create a vicious cycle [1] - Traditional supply chain processes are becoming cumbersome, necessitating a shift towards lightweight operations to reduce costs and improve efficiency [1] Group 2: Alliance Formation - The Smart Barley Joint Procurement Alliance was launched on April 25, involving key regional supply chain platforms to create a nationwide collaborative network [3][5] - The alliance focuses on "regional linkage + digital empowerment" to enhance supply chain collaboration and provide innovative solutions for distributors [3][5] Group 3: Strategic Framework - The alliance operates on a "1+3 driving model," which includes shared pallets, co-distribution, empowering support, and digital information systems to create a tightly-knit regional alliance [5][6] - Key strategies include resource sharing to lower procurement costs, optimizing logistics through shared warehousing, and providing digital transformation support for small and medium-sized distributors [5][6] Group 4: Digital Transformation - The alliance aims to achieve full-chain digitalization, enabling real-time market insights and improved decision-making for distributors through a unified information system [5][6] - The digital solutions encompass order management, inventory monitoring, and channel data analysis, enhancing operational efficiency [5][6] Group 5: Long-term Growth - The alliance's initiatives are designed to help distributors adapt to digital operations and overcome growth bottlenecks, fostering a collaborative ecosystem for sustainable profitability [6][20]

01 共配仓启动仪式：开启供应链创新新篇章 4月25日上午10:00，安得智联与夏杰隆厦门共配中心启动仪式正式举行。夏杰隆总经理黄桢洋、副总经 理曹莘，销售与市场杂志社副社长苏丹，升益好咨询创始人云川，中科商软创始人王神兵，康师傅饮品 福建分公司总经理孙浩，安得智联营销中心副总经理史坤良，安得智联福建分公司总经理邹坤淑，安得 智联食品行业总监方新培，安得智联新增长业务发展总监闵丹等参与此次共配中心启动仪式。 夏杰隆与安得智联双方代表共同揭牌，标志着这一面积达6000㎡、覆盖10000+终端的共配中心投入运 营。该中心整合仓配资源，实现经销零售一体化，具备5000多SKU全品类覆盖能力，通过优化供应链环 节，降低成本，提升配送效率。 消费的周期性调整驱动市场由增量转换至存量，倒逼企业亟需找到新的增长动力。在已经过去的消费红 利时代，品牌、渠道双合力，构成了企业立足市场高速增长的"双核动力"，而如今，对于大多数企业而 言，媒体碎片化叠加流量成本高企，致使品牌效应触达边界；深度分销高投入、长周期的"远水"也再难 解企业当下生存的"近渴"，当此之时，企业未来增长的立足点在哪里？又该如何找到兼具战略性与实践 性的增长新 ...

来源|凤凰网财经 特朗普或 创下 "尴尬"新纪录 。 据财联社报道， 自 1月20日特朗普重返白宫至4月25日，美元指数累计下跌近9% ， 料将 创下 1973年尼克松时代以来美国总统任期前100天的 最大跌幅。这一表现与1973年 " 尼克松冲击 " 时期形成历史性呼应 ——彼时布雷顿森林体系崩溃引发全球抛售美元，而如今特朗普反复无常的关 税威胁、对美联储独立性的干预，以及对传统国际秩序根基的动摇，正重演"去美元化"浪潮。 瑞银、德银接连下调美元预期，押注贸易谈判转机；对冲基金美元净空头头寸达 100亿美元，创2024年来新高；部分投资者预期汽车关税豁免等政 策回旋可能。市场博弈下是衰退信号，还是政策倒逼策略？ 数据显示，自尼克松第二任期开启至拜登执政前，美国总统任内前 100天美元平均回报率为0.9%，而特朗普的政策已使美元成为全球资本的"弃 儿"。欧元、瑞郎和日元兑美元汇率涨幅均超8%，黄金价格同步攀升，蒙特利尔银行指出："美元作为储备货币的三大支柱——制度信任、自由贸 易和稳定外交政策正在瓦解。" 01 历史重现——布雷顿森林体系崩塌与美元"假死" 1971年8月15日，尼克松宣布美元与黄金脱钩，这场 ...