登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：605388 公司简称：均瑶健康 第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到www.sse.com.cn； https://juneyaodairy.com网站仔细阅读半年度报告全文。 1.2本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.3公司全体董事出席董事会会议。 1.4本半年度报告未经审计。 1.5董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 第二节 公司基本情况 2.1公司简介 ■ 2.2主要财务数据 单位：元 币种：人民币 ■ 2.3前10名股东持股情况表 第三节 重要事项 单位: 股 ■ 2.4截至报告期末的优先股股东总数、前10名优先股股东情况表 □适用 √不适用 2.5控股股东或实际控制人变更情况 □适用 √不适用 2.6在半年度报告批准报出日存续的债券情况 □适用 √不适用 公司应当根据重要性原则，说明报告期内公司经营 ...

"一口激活味蕾 ！"黔东南百香 果X方思泡茶， 共赴美好"黔"程 _南方+_南方 plus 当黔东南百香果 遇上东方国风茶 饮，会有怎样的 美味邂逅？ 百香果联名饮品展示现场 "这一口喝下去 直接激活味 蕾！""联名饮品 口味很独特，值 得一试！"在8月 21日举办的黔东 南州蓝莓&百香 果走进大湾区专 场活动现场，从 江百香果x方思 泡茶联名饮品的 发布引发现场热 议。百香果 从"田间单果"迈 向"加工爆品" ， 这一转变深度融 合消费端需求与 产区生产，不仅 延长了保质期， 还拓宽了消费场 景，迸发出百香 果产业美 好"黔"程。 融合风味创新 的"联名品" 联名饮品一大亮 点便是风味创 新。百香果，有 着"果汁之王"的 美誉，酸甜的口 感让人着迷。百 香果作为联名饮 品的核心原料， 其出产地自然关 乎产品品质。来 自黔东南州的从 江县百香果，地 处北纬26°的黔 东南秘境，这里 日照充足、雨露 丰沛，孕育出的 百香果果肉饱 满、汁水丰盈、 甜酸比恰到好 处，果实糖度稳 定达18°–19°， 在消费圈赢得不 少的认可。 如何将这一抹山 野之"鲜"完美封 存，直抵广大消 费者的舌尖？深 圳市方思乐成餐 饮有限 ...

东鹏饮料 20250821 摘要 东南亚能量饮料市场受益于人口红利和可支配收入增长，其中越南市场 规模达 108 亿人民币，2014-2024 年复合年增长率达 12%，高于中国 市场增速，主要驱动力为咖啡因接受度和工业化发展。 越南能量饮料市场集中度高，CR3 达 83.3%，天丝红牛占据主导地位 （42.3%），但本土品牌 Number One 通过差异化瓶装策略和高性价 比，市场份额稳步提升，对红牛形成挑战。 印尼软饮料市场规模最大（739 亿人民币），但能量饮料市场发展缓慢 （18.4 亿人民币），受宗教文化影响，咖啡因需求较低，低价粉状能量 饮料份额提升迅速，红牛份额下滑。 柬埔寨是东南亚能量饮料增长最快的国家之一，2014-2024 年复合年 增长率为 9.3%，Steam 品牌通过低价策略和赞助电竞赛事，迅速占领 市场，份额高达 66.8%。 东南亚运动饮料市场规模为 14.9 亿美元，过去十年复合年增长率较低 （0.6%），但越南、菲律宾和泰国增速较快，美国和日本品牌占据主导 地位，如宝矿力水特和 7UP。 东鹏饮料在东南亚市场有哪些机会？ 东鹏饮料在东南亚市场具有广阔的发展空间。首先，该地区 ...

她没在等骑士，而是在寻一把利剑。 近几个月，身处权力斗争漩涡中心的宗馥莉，一举一动都被置于显微镜下审视。随着大众"考古"热情空前高涨，网友惊讶地发现，早在2013年，"大女 主"的风潮尚未席卷互联网，宗馥莉就已展露出了超越时代的女性觉醒视角。 在当时，一期古早画质的《风云浙商面对面》访谈节目里，主持人向宗馥莉抛出一个带有刻板印象的问题："很多女孩觉得珠宝就该男友送，您怎么看？" 镜头前，宗馥莉笑言："是吗？没听说过。"她顿了顿，语气平静地补充："这观念挺老土的。现代女性很独立，想要什么可以自己奖励自己。" 宗馥莉"大女主"的铁腕底色，在2007年就已崭露锋芒。 类似的"直言不讳"发生在另一次商业访谈中，那场对话里，私人婚恋问题又一次被塞进话题筐，男主持人问宗馥莉："你爸没有逼你尽快解决个人问题 上？" 对此，她干脆利落地怼了回去："现在又不是包办婚姻"，顺带着，她还调侃了句，"这节目不太高端"。 而面对接班相关的问题，她的回应也展现出远超"普通二代"的格局："很多人认为，接班就是守好企业，把位置坐好，维持现状。但我想做的，是改写中 国食品行业的历史。" 这不仅是个人野心的宣言，更是对女性能在宏大商业叙事中能够 ...

北京汇源两次发表公开信"声讨"的对象诸暨文盛汇，是2022年汇源破产重整时，重整投资人文盛资产为 履行其16亿元注资承诺而专门设立的持股平台之一，该笔投资用以换取汇源共70%的股权，其中诸暨文 盛汇持股60%，天津文盛汇持股10%。北京汇源则持有汇源核心商标，拥有与汇源相关的全部销售网络 及业务渠道。这次注资也被看作是这家老牌饮料企业的重生。 北京汇源认为，诸暨文盛汇注资不到位，因此不应按60%的比例享有股东权益；而文盛资产方面曾向媒 体回应称，依据增资入股协议，该方已经完成了7.5亿元的实缴出资，但北京汇源未完成工商登记确 认，阻碍了后续的注资。 双方各执一词，被寄予重生希望的北京汇源，也因重组中的分歧而前途未卜。 矛盾 8月14日深夜，北京汇源食品饮料有限公司（下称"北京汇源"）在微信公众号发布声明，直指控股股东 诸暨文盛汇自有资金投资有限公司（下称"诸暨文盛汇"）于8月11日召开的临时股东会存在程序违规。 声明称，临时股东会在诸暨文盛汇自有办公场所举行，通过诸暨文盛汇提名的监事，单方自行进行表 决。而且当北京汇源唯一的监事拟对会议合法性提出异议时，主持方关闭其麦克风阻止发言。 矛盾的公开化始于8月9日。 ...

Group 1 - The core viewpoint of the news is the deep supply chain collaboration between Cainiao and the national brand Jianlibao, aimed at optimizing the direct-to-consumer (DTC) model, enhancing consumer experience, and reducing logistics costs [1] - The collaboration allows for a 24-hour delivery service within the coverage area of the Foshan warehouse, marking a significant upgrade in supply chain services from warehousing and distribution to a full production-consumption link [1] - Future plans include expanding the direct delivery model to Jianlibao's national production bases and exploring automation, cross-border integrated supply chains, and green logistics [1] Group 2 - Jianlibao's Vice President Zhao Yonggang emphasized the importance of this collaboration in transforming traditional retail logistics into a more efficient model that closely aligns with consumer needs [1] - Cainiao's Asia-Pacific Marketing Head Tian Jian stated the goal is to establish this DTC supply chain model as a benchmark in the beverage industry, leveraging intelligent forecasting systems to enhance production responsiveness to market demand [1] - Jianlibao's CFO Li Hongmin highlighted that the partnership is a significant step towards embracing new e-commerce retail and supply chain innovations, projecting annual savings of nearly one million yuan in logistics costs and improved market response times [1] Group 3 - The collaboration includes a designed pallet transportation solution that reduces unloading time by over 6 hours and decreases damage rates by more than 30%, while also saving on pallet and labor costs [1] - Cainiao is recognized as a leading global logistics company, providing end-to-end supply chain management solutions and warehousing operations for numerous domestic and international brands [2] - Over half of the top 50 global fast-moving consumer goods brands have established long-term partnerships with Cainiao, showcasing its strong presence in the fast-moving consumer goods sector [2]

Market Overview - A-shares showed weakness in the morning session, with the ChiNext Index dropping over 2% at one point, but later rebounded slightly, with the Shanghai Composite Index up 0.04% and the Shenzhen Component down 0.53% [2][3] Sector Performance - Strong performance in the liquor sector, with stocks like Guizhou Moutai and Wuliangye seeing significant gains. Basic metals, aviation, and energy equipment sectors also showed strength, while software, internet, and biotechnology sectors experienced fluctuations [7][10][13] - The liquor industry is reportedly in a rapid bottoming phase, with leading companies adjusting channel structures and enhancing market development capabilities, potentially benefiting from a gradual recovery in consumption [13] Stock Highlights - Notable gainers in the liquor sector included: - JiuGui Jiu (涨停) [10] - SheDe JiuYe (涨幅 6.54%) [12] - GuoJing Gong Jiu (涨幅 4.82%) [12] - In the basic metals sector, companies like: - LuoPing Zinc Electric (涨幅 10.03%) [16] - YunNan GeYuan (涨幅 9.99%) [16] - DongFang ZuoYe (涨幅 10.01%) [16] Strategic Insights - The strategic significance of rare earth metals is increasing amid "de-globalization," with the U.S. Department of Defense acquiring a stake in MP Materials and China implementing export controls to combat illegal exports [17]

证券研究报告/投资策略 机构调研、股东增持与公司回购策略周报（20250811-20250815） 投资要点 ➢ 机构调研热门公司梳理 近30天机构调研家数前二十的热门公司有东鹏饮料、中宠股份、海康威视、 德福科技和新易盛等。近5天机构调研家数前二十的热门公司有南微医学、安 杰思、金橙子、新强联和百亚股份等。近30天机构调研家数前二十的热门公 司中评级机构家数大于或等于10家的有12家，分别为东鹏饮料、中宠股份、 九号公司、百亚股份、海康威视、杰瑞股份、新易盛、宏发股份、南微医学、 百济神州、华明装备和仕佳光子。其中新易盛、东鹏饮料、中宠股份和九号公 司 2024年归母净利润相较2023年实现较大增长。 ➢ 本周A股上市公司重要股东增持情况 2025年8月11日至2025年8月15日，发布重要股东增持进展情况公告且评级 机构家数大于10家的公司共5家，但拟增持金额上下限均值占公告日市值比例 均低于1%。 ➢ 本周A股上市公司回购情况 2025年8月11日至2025年8月15日，共计51家公司发布回购进展情况公告， 评级机构家数大于10家（含10家）的共10家，其中，预计回购金额上下限均 值占预案日市值比例大于 ...

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, indicating strong business performance driven by higher sales of concentrated juice [1] Financial Performance - The company achieved an operating income of 948 million yuan, representing a year-on-year growth of 49.97% [1] - The net profit attributable to the company reached 201 million yuan, reflecting a year-on-year increase of 50.26% [1]

Core Viewpoint - After initiating bankruptcy restructuring, Huayuan's performance showed signs of recovery, but the situation has deteriorated due to conflicts with major shareholders and operational challenges [1][9]. Group 1: Bankruptcy Restructuring and Shareholder Conflicts - In April 2025, Guozhong Water announced the termination of its acquisition of Huayuan's juice-related assets, leading to significant conflicts that erupted in August [2]. - Huayuan accused its major shareholder, Zhuji Wenshenghui, of underfunding and misusing control, potentially harming minority shareholders and creditors [2]. - Zhuji Wenshenghui's actual capital contribution was only 22.8% of Huayuan's registered capital, with 850 million yuan overdue for over a year [2][3]. - Huayuan has initiated legal proceedings against Zhuji Wenshenghui and Wensheng Asset Management, which have been accepted by the court [2]. Group 2: Financial Performance and Future Plans - Following the restructuring, Huayuan's revenue improved, with reported revenues of 1.159 billion yuan in the second half of 2022 and projected revenues of 2.745 billion yuan and 2.475 billion yuan for 2023 and 2024, respectively [9]. - The company aims for a relisting on the A-share market within three to five years, with Wensheng Asset Management planning to design an optimal securitization scheme for Huayuan [10]. Group 3: Operational Challenges - Huayuan is facing disputes with distributors and challenges in promoting new products, including a recent conflict with Beijing Meiri Youshan Brand Management Company over unauthorized use of the Huayuan name [12][16]. - The company has terminated its distribution agreement with Meiri Youshan due to serious breaches, including unauthorized recruitment and exceeding the scope of authorization [12][16]. - New product launches, such as Huayuan Guole and other juice products, are part of a strategic focus on juice, but market performance remains uncertain due to ongoing shareholder conflicts [18][23].