来源：中国经济网微信综合每日经济新闻、企查查、南风窗等 近日，继娃哈哈创始人之女、现任董事长兼总经理宗馥莉"心腹"严学峰被曝"被调查"的消息 之后，又有消息称宗馥莉被带走。9日，据一位接近娃哈哈的知情人士透露， 宗馥莉正常上 班 。 此外，9月24日，有媒体报道称，娃哈哈内部一名知情人士表示，上海娃哈哈饮用水因娃哈哈 品牌到期而不能继续使用娃哈哈这个品牌，只好另起炉灶。 据悉，娃哈哈商标不属于宗馥莉一个人。 工商登记信息发现，娃哈哈股权呈现出三方制衡的 格局： 杭州市上城区文商旅投资控股集团有限公司（国资）持股46%。 宗馥莉继承宗庆后，个人持股29.4%。 基层工会（职工持股会）持有24.6%。 近期，娃哈哈内部上演的"豪门家产争夺战"，如果宗馥莉的弟弟妹妹们胜诉，29.4%的股权 或被稀释，分为几块。有分析称，一旦宗馥莉全面启用娃小宗，不仅是她的经营压力骤升，娃 哈哈也将沦为"空壳"。短期而言，品牌分裂，资产缩水。长期来看，娃哈哈所涉及的员工以 及员工家庭，将会受到持续地冲击。 有和娃哈哈合作多年的经销商透露， 今年经销的娃哈哈销量，相比去年娃哈哈业绩高峰时有 所下滑 ，"今年销量是去年同期的80%"…… ...

10 月 10 日， A 股三大指数集体低开。截至发稿，创业板指数跌逾 2% ，科创 50 指数跌超 3% 。 盘面上，培育钻石、可控核聚变概念、稀土永磁概念、核能核电等板块走强，半导体、有色金属、房地产、化纤等板块回 调。 券商板块盘中快速冲高，锦龙股份涨超7%，国信证券、广发证券涨逾5%，国泰海通、招商证券纷纷上扬。 | ▼指 | 代码 名称 | | 涨幅%↓ | 现价 | 涨跌 | | --- | --- | --- | --- | --- | --- | | 1 | 000712 锦龙股份 | R | 7.13 | 15.18 | 1.01 | | 2 | 002736 国信证券 | R | 5.79 | 14.24 | 0.78 | | 3 | 000776 广发证券 | R | 5.30 | 24.42 | 1.23 | | 4 | 601688 华泰证券 | R | 3.17 | 23.11 | 0.71 | | 5 | 601211 国泰海道 | R | 3.05 | 19.26 | 0.57 | | б | 600999 招商证券 | R | 2.69 | 17.54 | 0.46 | | ...

（文章来源：每日经济新闻） 每经AI快讯，饮料制造板块逆势冲高，庄园牧场2连板，养元饮品涨停，海融科技、会稽山、品渥食 品、骑士乳业、西部牧业跟涨。 ...

宗馥莉正面临一场多线作战的复杂局面。 2025年9月26日，香港高等法院作出关键裁决：正式驳回宗馥莉的上诉请求，维持冻结建浩公司汇丰银行账户内18亿美元资产的保全命令。 图源：网络 与此同时，她推进的新品牌战略也遭遇阻力。此前宣布启用的全新品牌"娃小宗"，并未获得渠道端的广泛支持，部分经销商已公开表示反对。 更值得关注的是，内部似乎浮现新的竞争态势——娃哈哈上海工厂近期推出了"沪小娃"桶装水，而据传闻，该工厂的幕后负责人正是宗庆后的堂弟宗伟。 图源：网络 在家族遗产纠纷悬而未决、品牌商标归属存疑、新品牌市场接受度不明的多重背景下，宗馥莉的接班之路正面临前所未有的考验。 然而，若因此低估宗馥莉，或许为时过早。 细察其过往举措，可见她擅长运用"阳谋"破局。去年7月，她就曾发起过一次堪称"自伤式袭击"的战略行动——主动提出辞职。当时她给出的理由是，部分股东对 其经营管理的合理性提出质疑，致使其无法正常履职。 这一险棋本质上将了股东一军：若辞职获准，则她将脱离当前困境；若未获批准，则意味着股东方必须给予她充分的授权和支持。 最终事态沿着第二条路径发展——宗馥莉不仅稳固了董事长职位，更全面接手了宗庆后持有的娃哈哈集团公 ...

Core Viewpoint - The recent surge in the stock price of Yangyuan Beverage is attributed to its investment in Changjiang Storage, a semiconductor company, which has led to speculation about its potential in the semiconductor sector despite its core business facing a decline [4][11][12]. Group 1: Company Overview - Yangyuan Beverage, known for its product "Six Walnuts," has seen its revenue peak in 2015-2016 at 9.117 billion and 8.9 billion respectively, with net profits in the range of 2.6 billion to 2.8 billion during the same period [16][19]. - The company has been experiencing a continuous decline in performance over nearly a decade, with a significant drop in revenue during the pandemic [19][20]. Group 2: Investment in Changjiang Storage - In December 2023, Yangyuan Beverage announced a 1.6 billion investment in Changjiang Storage, acquiring 0.99% of its shares, which valued Changjiang Storage at approximately 161.6 billion [10][11]. - The market's enthusiasm for Yangyuan Beverage is partly due to the heightened expectations for Changjiang Storage's IPO following its recent restructuring [8][11]. Group 3: Market Dynamics and Competition - The domestic NAND Flash market is expected to grow, with predictions that local manufacturers could capture 10% of the market share by 2025, doubling from the previous year [12]. - Yangyuan Beverage faces increasing competition in the walnut beverage market, with major dairy companies entering the plant protein sector, which could impact its market share [26]. Group 4: Financial Performance and Shareholder Returns - Since its IPO in 2018, Yangyuan Beverage has distributed a total of 16.462 billion in dividends, with a significant portion benefiting the founding team and executives [32][34]. - The company's dividend strategy has resulted in payouts exceeding 131.3% of its net profits over the past three years, indicating a focus on shareholder returns despite declining operational performance [32][34].

Core Viewpoint - The collaboration between Hisense Refrigerator and Laoshan Baihua Shecao Water aims to enhance consumer experience in healthy drinking and ice-making, promoting a new lifestyle through innovative products and experiences [1][4][6]. Group 1: Company Collaboration - Hisense Refrigerator and Laoshan Baihua Shecao Water are creating a cross-industry partnership focused on "good water makes good ice, good ice pairs with good drinks" [1]. - The partnership is designed to provide consumers with a refreshing, healthy, and convenient upgraded home ice drink experience [1][4]. Group 2: Product Innovation - Hisense Refrigerator has developed two vacuum preservation technologies, "Vacuum First Class" and "Vacuum Cube," to cater to diverse food storage needs, backed by over 300 patents [1]. - The refrigerator's automatic ice-making technology has been certified by the China Household Electrical Appliances Research Institute, showcasing superior performance in ice-making speed, uniformity, and reliability [4][6]. Group 3: Consumer Engagement - The upcoming city tour event will feature interactive experiences such as "Fresh Supply Station" and "Shecao Water Speed Drinking Challenge," allowing consumers to engage with the brand's philosophy [4]. - The collaboration emphasizes the importance of user experience, focusing on health and cleanliness through advanced technologies like blue light sterilization and nano-silver antibacterial materials [6]. Group 4: Market Trends - This partnership exemplifies a trend of value co-creation in real-life consumer scenarios, moving beyond mere brand exposure [6]. - The collaboration aims to advocate for a more creative, healthier, and enjoyable family lifestyle, reinforcing Hisense Refrigerator's image as a high-end technology brand in the ice storage and making sector [6].

Core Insights - A recent survey conducted by a Japanese database company indicates that over 3,000 food and beverage products will see price increases in October, driven by high rice prices [1] Group 1: Price Increases - The survey highlights that the price of boxed rice will potentially increase by up to 17% [1] - Products made from rice, such as rice cakes and Japanese sake, are among those listed for price hikes due to the rising cost of rice [1]

Core Viewpoint - The article highlights the cultural significance and modern adaptation of the traditional "Mid-Autumn Bo Bing" game in Xiamen, particularly through the launch of a limited edition gift box by Xiamen Swire Coca-Cola, which combines local cultural elements with contemporary branding [1][3][4]. Group 1: Cultural Significance - "Mid-Autumn Bo Bing" has historical roots dating back to the Ming Dynasty, created by Zheng Chenggong to alleviate soldiers' homesickness [1][3]. - The game symbolizes reunion and good fortune, reflecting the cultural memory of the Minnan people [3]. - The practice has been passed down through generations and was officially recognized as a national intangible cultural heritage in 2008 [3]. Group 2: Product Offering - The "Le Xia Min Wei Mid-Autumn Bo Bing Limited Gift Box" includes two parts: "Le Xia" (representing local flavors) and "Le Wan" (game elements) [4]. - The gift box contains traditional snacks like Minnan Gong Tang and Da Hong Pao tea, along with game components such as red porcelain bowls and dice, symbolizing reunion and auspiciousness [4]. - The inclusion of a rules card enhances the immersive experience of this traditional game [4]. Group 3: Marketing Strategy - In 2023, Xiamen Swire Coca-Cola developed a local cross-border original IP called "Le Xia Min Wei," which connects local attractions, cuisine, and trends [6]. - The initiative has achieved over ten million exposures online, fostering collaboration with various brands and integrating the Coca-Cola brand into local life [6]. - This strategy aims to strengthen the connection between the brand and consumers by promoting local culture and experiences [6].

Group 1 - The core point of the news is that Zhejiang Wahaha Drinking Water Co., Ltd. is undergoing significant changes in its bottled water business, with operations being transferred to Hangzhou Xun'er City Trading Co., Ltd. by the end of 2024, leading to a substantial decline in profits for Zhejiang Wahaha [1][2][3] - The transfer of bottled water sales rights means that Zhejiang Wahaha will no longer have sales rights and will operate as a processing factory for Hangzhou Xun'er, receiving only 2.75 yuan per barrel for processing, which drastically reduces its profit margins [1][2] - Following the transfer, external processing factories that previously worked for Zhejiang Wahaha will now produce for Hangzhou Xun'er, further diminishing Zhejiang Wahaha's revenue and profit [2][3] Group 2 - Hangzhou Xun'er City Trading Co., Ltd. was established in 2022 and is fully controlled by Hangzhou Hongchen Marketing Co., Ltd., which is in turn fully owned by Hongsheng Beverage Co., Ltd. [3] - After the business transfer, the price of purified water was increased from 6.5 yuan to 7 yuan per barrel, with the profits now benefiting Hangzhou Xun'er, which will significantly impact the dividends for shareholders of Zhejiang Wahaha [3][4] - The operational changes and disputes have led to significant disruptions, including factory shutdowns and employee layoffs, particularly in Shanghai Wahaha Drinking Water Co., Ltd. [4][5] Group 3 - Zhejiang Wahaha Drinking Water Co., Ltd. was established in March 2016 and is a wholly-owned subsidiary of Zhejiang Wahaha Industrial Co., Ltd., which holds 43% of the shares [2] - The company previously operated as a vertically integrated entity, producing and selling bottled water, but the recent changes have severed this integration [2][3] - The management transition following the death of founder Zong Qinghou has been tumultuous, with various controversies arising during the operational adjustments [5][6]

Core Viewpoint - The article discusses significant operational changes within Wahaha Group, particularly the transfer of bottled water sales from Zhejiang Wahaha Drinking Water Co., Ltd. to Hangzhou Xun'er City Trading Co., Ltd., which is expected to impact the profitability of Zhejiang Wahaha significantly [1][2][3]. Group 1: Business Transition - In late 2024, Wahaha Group's chairman, Zong Fuli, mandated the transfer of bottled water sales operations from Zhejiang Wahaha Drinking Water Co., Ltd. to Hangzhou Xun'er City Trading Co., Ltd., with the implementation set for March 25, 2025 [1]. - From April 2025, Zhejiang Wahaha Drinking Water Co., Ltd. will no longer have sales rights for bottled water and will operate as a processing factory for Hangzhou Xun'er City Trading Co., Ltd., which has led to a significant decline in profits due to reduced processing fees of 2.75 yuan per barrel [1][2]. Group 2: Financial Impact - The transition of orders to Hangzhou Xun'er City Trading Co., Ltd. has resulted in a loss of external processing contracts for Zhejiang Wahaha Drinking Water Co., Ltd., leading to decreased revenue and profit [2]. - Following the transfer, the price of purified water was increased from 6.5 yuan to 7 yuan per barrel, with profits now directed to Hangzhou Xun'er City Trading Co., Ltd., further diminishing Zhejiang Wahaha's profit sources [3]. Group 3: Corporate Structure and Ownership - Zhejiang Wahaha Drinking Water Co., Ltd. was established in March 2016 and is a wholly-owned subsidiary of Zhejiang Wahaha Industrial Co., Ltd., which is partially owned by various stakeholders, including Zong Fuli and other natural person shareholders [2]. - The operational changes have raised concerns among the 18,000 individual shareholders of Zhejiang Wahaha Industrial Co., Ltd., as these changes are expected to severely reduce dividend payouts [3]. Group 4: Recent Developments - The article also highlights recent operational disruptions at Shanghai Wahaha Drinking Water Co., Ltd., including a halt in production due to trademark disputes, which has further complicated the company's operational landscape [4][6]. - Wahaha Group has faced challenges in its leadership transition following the death of founder Zong Qinghou, leading to various controversies and operational adjustments [6][7].