Core Viewpoint - The controversy surrounding the "Duoban" trademark on White Elephant's products has sparked public debate, with consumers feeling misled by the marketing strategy employed by the company [1][3][4]. Group 1: Company Actions and Consumer Perception - White Elephant's "Duoban" is indeed a registered trademark, but its use in product packaging has led consumers to believe they are receiving more product than they actually are, raising concerns about deceptive marketing practices [1][3]. - The packaging claims "Duoban" followed by "bag noodles" and the slogan "big quantity, double satisfaction" misleads consumers into thinking they are getting a larger product compared to competitors [3][4]. - Despite the company's assertion that the product itself is not problematic, the brand's image has been called into question, as consumers express disappointment and disbelief that White Elephant would engage in such tactics [4][5]. Group 2: Brand Reputation and Consumer Trust - White Elephant has previously built a positive reputation through charitable actions and social responsibility, being recognized as a "national brand light" and gaining popularity among younger consumers [4]. - The current controversy is seen as a short-sighted move that could damage the brand's hard-earned reputation, emphasizing the importance of genuine consumer relations and product integrity [4]. - Consumers have expressed feelings of betrayal, questioning why the established "White Elephant" brand was not utilized instead of the "Duoban" trademark, which they perceive as a deceptive tactic [4][5]. Group 3: Regulatory Implications - The use of potentially misleading trademarks raises legal concerns, as the Trademark Law of the People's Republic of China prohibits deceptive marks that could mislead the public [5]. - There are calls for regulatory bodies to investigate whether White Elephant's marketing practices constitute false advertising or consumer fraud, highlighting the need for consumer protection [5].

当天，白象客服对国内媒体表示，"多半"确是商标，"多半袋/桶面"仅为产品名称，商品克重以包装上 标注为准。对于网友的意见，客服称将反馈给建议部门。 公开资料显示，"多半"作为白象旗下的商标实际上早在2020年就已申请注册。国家知识产权局商标公告 显示，"多半"商标系白象食品股份有限公司2020年11月申请注册，2021年6月初步审定，核定使用商品/ 服务项目为第30类：馒头，方便面，挂面，面条，冰淇淋。 微博热搜界面截图 有网友表示，产品包装上明确标注"'多半'是白象食品股份有限公司注册商标"，但"多半袋/桶面"的名称 容易让消费者误解为分量增加，特别是"多半桶/袋"这样的宣传方式。 "多半"并不"多半袋"，仅多了1/5到1/4。白象红烧牛肉面的商品信息显示"净含量：面饼+配料104克；面 饼：85克"，多半袋面仅在面饼含量上多了25克；白象老坛酸菜牛肉面"净含量：面饼+配料122克；面 饼：85克"，多半袋面在面饼含量上多了25克，配料含量少了2克；白象红油爆椒牛肉面桶装面"净含 量：面饼+配料113克；面饼：85克"，多半桶面在面饼含量上多了25克，配料含量少了3克。 "多半"袋而不是"多半袋"。 近日， ...

2025.05. 29 本文字数：731，阅读时长大约2分钟 近日，"白象方便面价盘失守"的消息引发关注。据红星新闻，对比白象方便面线下经销商批发价和 线上、线下售价发现，白象方便面线上折扣售价远低于线下终端售价，几乎与线下销售端的进货价一 致，使得线下渠道的白象方便面更加不占优势。 微信编辑 | 雨林 推荐阅读 美团公布骑手保障进展 从线下进货渠道看，一位来自山东的供货商表示，白象汤好喝方便面的批发价为55元一箱（24袋 装），约合2.29元/袋，桶装的是4元一桶。一名成都地区的经销商表示，袋装汤好喝方便面的批发 价为66元一箱（30袋装），约合2.20元/袋；桶装汤好喝方便面的价格为46元一箱（12桶装），约 合3.83元/桶。 从线上渠道，在淘宝百亿补贴频道，5袋汤好喝方便面的价格为11.9元，约合2.38元/袋；10桶白象 汤好喝方便面的到手价为38.3元，约合3.83元/桶。关于线上渠道的价格会否造成压力？有经销商表 示："他们是特通渠道拿货，就比较便宜。"他还提到，线上的低价会对地方经销商造成一定的影 响。 爱企查App显示，白象食品股份有限公司成立于1997年11月，法定代表人为姚忠良，注册资本 ...

Core Viewpoint - The instant noodle industry is shifting from price competition to value competition, focusing on innovation, quality, and emotional resonance to meet evolving consumer demands [1][2]. Group 1: Market Trends - The Chinese instant noodle market has surpassed 150 billion yuan in 2023, with high-end products growing over 20%, significantly outpacing traditional categories [2]. - 67% of consumers are willing to pay a 20%-30% premium for healthier, higher-quality instant noodles, indicating a shift in consumer preferences towards comprehensive value rather than just price [2]. - Traditional low-priced instant noodle sales have declined for three consecutive years, while high-end products priced above 8 yuan have seen a 15% growth, highlighting market segmentation [2]. Group 2: Company Strategies - Leading companies like Master Kong are adopting a three-dimensional innovation strategy, focusing on multiple price points, diverse scenarios, and high quality to break free from industry stagnation [2]. - Master Kong's "Yupin Shengyan" series targets the high-end market, while the "Xian Q Mian" product utilizes non-fried technology to enter the health segment, achieving over one million boxes sold in its first month with a 35% repurchase rate [2][4]. Group 3: Product Innovation - The revival of classic products, such as the upgraded black and white pepper noodles, reflects a strategic shift from price wars to value wars, tapping into consumer nostalgia and enhancing brand loyalty [5][7]. - Master Kong's product upgrades in 2024 include enhancements to classic bucket and bag products, utilizing higher quality ingredients to fill gaps in the 3 yuan and 5 yuan price segments [4]. Group 4: Quality and Technology - Quality upgrades are becoming a key competitive barrier in the instant noodle industry, with companies leveraging advanced technology for systemic improvements [8]. - Master Kong has partnered with China's aerospace sector to adopt stringent standards in raw material selection, production processes, and quality control, enhancing product stability and consumer trust [10][11]. Group 5: Social Responsibility and Brand Value - Companies are increasingly focusing on social responsibility, with Master Kong's "Everything Has a Source" project enhancing agricultural practices and supporting local farmers, which has garnered recognition for its ESG efforts [12][14]. - Research indicates that companies with strong ESG performance can achieve a 15%-20% higher product premium, reinforcing the idea that social values can enhance commercial value [14]. Group 6: Future Outlook - The future of the instant noodle industry will belong to companies that can redefine product value and reshape industry ecosystems, emphasizing quality, innovation, and long-term commitment to consumer needs [12][14].

Core Viewpoint - The recent announcement by Wahaha regarding its partnership with Jinmailang for bottled water production has sparked significant interest in the market, highlighting the operational dynamics and challenges within the beverage industry [1][2]. Group 1: Partnership and Production - Wahaha has confirmed a contract manufacturing relationship with Jinmailang, which has produced over 1.2 billion bottles of water for Wahaha since their collaboration began [2]. - Jinmailang's chairman stated that the partnership was established to meet the increasing demand for Wahaha's bottled water, leveraging Jinmailang's extensive production capabilities across 26 factories [2][3]. Group 2: Market Position and Competition - The beverage industry is characterized by high standardization, making outsourcing a common practice for brands facing capacity constraints [2]. - Jinmailang's market share in the instant noodle sector has declined, with its position dropping to fourth place in the industry as of 2023, while competitors like White Elephant have gained market share [4][5]. - The bottled water market is highly concentrated, with leading companies like Nongfu Spring and China Resources Beverage holding over 40% of the market share [5]. Group 3: Financial Performance - Jinmailang's revenue has seen a decline, with reported figures of 218.5 billion yuan in 2019, 240.4 billion yuan in 2020, and a drop to 165.7 billion yuan in 2023 [6][7]. - The company has faced challenges in its capital market endeavors, with multiple attempts to go public failing to materialize [7]. Group 4: Strategic Insights - Industry experts suggest that despite current challenges, Jinmailang has opportunities to capture market share through product innovation and strategic positioning [8]. - The operational strategy of merging food and beverage segments, as seen with competitors, could serve as a model for Jinmailang to enhance efficiency and drive growth [8].

Investment Rating - The report provides investment ratings for various companies in the consumer staples sector, with "Outperform" ratings for companies like Haidilao, China Feihe, and China Resources Beer, while Budweiser APAC is rated "Neutral" [1]. Core Insights - The report highlights a mixed trend in the cost indices of six categories of consumer goods, with spot cost indices for beer, frozen food, dairy products, seasonings, instant noodles, and soft drinks showing changes of +2.69%, +1.67%, +1.09%, -0.12%, -0.18%, and -1.58% respectively, while futures cost indices showed changes of -3.78%, +1.38%, +0.46%, -1.64%, -1.64%, and -2.61% respectively [36]. Summary by Category Beer - The spot cost index for beer increased by 2.69% compared to last month, while the futures index decreased by 3.78%. Year-to-date, the spot index has changed by -0.08% and the futures index by -5.24% [12][37]. Seasonings - The spot cost index for seasonings decreased by 0.12%, and the futures index decreased by 1.64%. The price of soybeans has been rising due to limited domestic supply and decreased imports [16][38]. Dairy Products - The spot cost index for dairy products increased by 1.09%, and the futures index increased by 0.46%. Fresh milk prices have stabilized at 3.08 yuan per kilogram, with oversupply continuing to pressure prices [19][39]. Instant Noodles - The spot cost index for instant noodles decreased by 0.18%, and the futures index decreased by 1.64%. Palm oil prices have fallen due to increased production and inventory accumulation [24][40]. Frozen Food - The spot cost index for frozen food increased by 1.67%, and the futures index increased by 1.38%. Vegetable prices have decreased significantly due to increased supply [28][41]. Soft Drinks - The spot cost index for soft drinks decreased by 1.58%, and the futures index decreased by 2.61%. Prices are under pressure due to weak demand and capacity expansion [32][42].

近几年的方便食品市场中，火鸡面可以算得上是"新星"中的顶流。 这种以出挑的辣味为核心的方便面由韩国三养食品在 2012 年研发上市，并快速火遍全球。在中国，这款产品也藉由近几年快速发展的内容电商、直播电 商而一炮走红，广受中国喜辣消费者的欢迎。 "三养无平替"，这是小红书、抖音等平台中，火鸡面的拥趸们，尤其是忠实于"三养火鸡面"的爱好者们在打卡分享日常时经常说的一句话。虽无平替，但 想在火鸡面中分一杯羹的品牌却不在少数。 马上赢品牌 CT 中的数据显示，2023 年 4 月至今两年的时间里，方便面类目中，每个月都会有"火鸡面"产品上市，且上市新品数量呈现出一定的增长趋 势。推出火鸡面新品的集团既包括传统的如康师傅、白象、今麦郎等方便面巨头，也包括各种新兴品牌。 出新热情高涨背后，火鸡面已经在方便面类目中稳固的占据了"一席之地"。同样基于近两年的数据看，火鸡面类型产品在整个方便面类目中占比约 5%～ 7%左右，同样呈现着一定的占比增长趋势。 也正是因为如白象、康师傅、今麦郎等加入到了火鸡面类型产品的竞争中，这些在方便面类目中持续领跑的巨头们充分发挥了渠道优势，让相对比较年轻 的火鸡面类型产品，在铺市率上已经处于 ...

编辑：竺天 审核： Single 来源：新消费智库 新消费导读 "方便面鼻祖"入华40年后"水土不服"。 这是新消费智库第 2 6 2 0 期文章 作者 ： l y y 日清，号称 "泡面鼻祖"， 它曾 在中国市场把 一杯泡面 打造成了 " 精致速食 " 。 早在 1984 年便进入香港开展业务， 1994 年开始在 内地扩张，在广东顺德建厂。几十年来，日清凭借让中国消费者耳目一新的产品体验，受到消费者的青睐，营收一度超过 40 多亿港元， 却 又在短短三年间， 尽显颓势 。 被称为 "泡面鼻祖"的日清食品近期发布的 2024 财年年报 显示， 2024 年 1 月 1 日 -2024 年 12 月 31 日 ，日清食品 实现营业收入 38.12 亿港元，同比下降 0.56% 。 这是日清食品自 2022 年实现 40.25 亿港元营收之后，连续第二年收入下滑。 尽管报告期内日清食品毛利率小幅提升至 34.4% ，但净利润大幅下滑了 39.1% ，仅为 2.01 亿港元，净利润率下滑至 5.3% 。 在报告期内，日清食品报告期内，公司计提了约 1.359 亿港元的非现金减值，其中包括中国内地及香港长寿面、非油 ...