开栏语 当时间的刻度指向2026，一个崭新的五年征程即将启幕。 此刻，我们立足承前启后的交汇点，"十四五"即将圆满收官。回顾2025年，在多重压力之下，中国经济 再次走过了"很不平凡"的一年，并展现出强大韧性和活力，成就奠定坚实基础。 刚刚闭幕的中央经济工作会议深刻指出，做好明年经济工作，要"坚持稳中求进工作总基调"，在政策取 向上，"要坚持稳中求进、提质增效"，着力稳就业、稳企业、稳市场、稳预期，推动经济实现质的有效 提升和量的合理增长，保持社会和谐稳定，实现"十五五"良好开局。 在优化供给、发展新质生产力方面，紫燕食品认为关键在于通过科技创新和数字化、智能化改造，提升 全产业链的运营效率与响应速度，做优增量、盘活存量。 新京报贝壳财经：2026年，紫燕食品在业绩增长、产品创新、业务线等方面有何战略发展目标？ 戈吴超：展望2026年，紫燕食品将在巩固当前发展态势的基础上，沿着既定的战略航道稳健前行，致力 于实现高质量、可持续、充满韧性的全面发展，向着"全球卤味美食引领者"的愿景持续迈进。 启新程，当乘势而上，更须砥砺前行。站在"十五五"新程待启的关键时点，如何看待2026年的经济形 势？2026年经济工作怎 ...

光大证券此前指出，下半年公司计划精进门店运营，焕新升级品牌形象，注重品牌年轻化打造。单店表 现有望进一步提升，门店基本盘业务逐步恢复向好。流通渠道方面，加强不同渠道的差异化产品布局， 上半年已陆续开拓山姆等会员店渠道、很忙系/万辰系等零食量贩渠道，下半年有望持续带来新增量。 海外业务方面，公司上半年已初步拓展东南亚市场，搭建经销网络；后续有望通过海外门店方式加强本 地化合作。 智通财经APP获悉，周黑鸭(01458)涨超5%，截至发稿，涨5.13%，报1.64港元，成交额297.49万港元。 消息面上，12月5日晚，周黑鸭发布公告称，集团首家海外品牌门店已于2025年12月5日在马来西亚巴生 港正式开业。该门店的开业，标志着集团出海战略迈出实质性一步，是开辟新市场及实现长期可持续发 展的重要举措。公司相信，此成功开业不仅有助于提升品牌在国际市场的影响力，亦为集团后续在东南 亚及其他海外市场的稳健拓展奠定了可复制的运营基础。 ...

天眼查App显示，近日，沅陵县廉记兄弟卤味店（个体工商户）成立，法定代表人为符伟，注册资本1 万人民币，经营范围为许可项目：餐饮服务。（依法须经批准的项目，经相关部门批准后方可开展经营 活动，具体经营项目以相关部门批准文件或许可证件为准）一般项目：食品销售（仅销售预包装食 品）；保健食品（预包装）销售；食用农产品零售；初级农产品收购；食用农产品初加工。（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，崇仁县火爆卤味王店（个体工商户）成立，法定代表人为余建飞，注册资本6 万人民币，经营范围为许可项目：小餐饮（依法须经批准的项目，经相关部门批准后在许可有效期内方 可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为准）一般项目：食品销售 （仅销售预包装食品），互联网销售（除销售需要许可的商品）（除依法须经批准的项目外，凭营业执 照依法自主开展经营活动）。 ...

Core Viewpoint - A new individual business named Yunshan Luwei Store has been established in Tianxin Town, Anyuan County, with a registered capital of 100,000 RMB, focusing on food production and sales [1] Company Summary - The legal representative of the Yunshan Luwei Store is Zhong Linshan [1] - The business is authorized to engage in food production and sales, subject to necessary approvals from relevant authorities [1] - The store also offers general services such as takeaway delivery and internet sales, excluding items that require special permits [1]

Group 1: Puma - Puma reported a 10.4% decline in sales to €1.9557 billion for Q3 2025, with a net loss of €62.3 million and earnings per share of -€0.42 [1] - The company plans to cut approximately 900 white-collar jobs globally by the end of 2026 due to anticipated significant sales declines and high operational costs [1] - Puma is facing challenges such as weak brand momentum, high inventory levels across channels, and low distribution quality, but still has potential to rank among the top three global sports brands if reforms are successful [1] Group 2: Douyin - Douyin announced ongoing efforts to combat the improper use of minors' images for profit, highlighting the need for continuous protection of minors online [2] - The platform has removed 37,000 videos and penalized 3,651 accounts for violations related to the exploitation of minors in the past month [2] - Douyin emphasizes the importance of cultivating a healthy online ecosystem through legal, technological, and familial support [2] Group 3: Snack Industry - The snack industry, particularly the braised food segment, is experiencing a slowdown in growth and significant adjustments, with major players like ST Juewei and Huangshanghuang reporting revenue declines [3] - Experts indicate that high prices and insufficient value-for-money in the braised food sector are facing substantial challenges amid changing consumer willingness [3] Group 4: Starbucks - Starbucks reported a revenue of $3.105 billion in China for the full fiscal year 2025, marking a 5% year-over-year increase [4] - The company has achieved continuous revenue growth for the fourth consecutive quarter and positive same-store sales growth for the second consecutive quarter [4] - Starbucks' performance indicates that it has successfully built a competitive advantage through product differentiation in a highly competitive coffee market [4]

Core Viewpoint - A new food business named "Zhou Jiu Ji Secret Braised Food Workshop" has been established in Ulanqab City, Jining District, with a registered capital of 10,000 RMB, focusing on food sales and internet food sales [1] Company Summary - The legal representative of the new business is Xue Lirong [1] - The business is registered as an individual industrial and commercial household [1] Business Scope - The business operates under licensed projects including food sales and internet food sales, which require approval from relevant authorities before commencement [1] - General projects include takeaway delivery services and packaging services, which can be conducted independently with a business license [1]

天眼查App显示，近日，赣州经济技术开发区香满满卤味坊（个体工商户）成立，法定代表人为罗娟， 注册资本5万人民币，经营范围为许可项目：小餐饮、小食杂、食品小作坊经营，食品销售（依法须经 批准的项目，经相关部门批准后在许可有效期内方可开展经营活动，具体经营项目和许可期限以相关部 门批准文件或许可证件为准）一般项目：外卖递送服务（除依法须经批准的项目外，凭营业执照依法自 主开展经营活动）。 ...

Core Insights - ST Juewei reported a decline in revenue and net profit for the third quarter of 2025, with revenue at 1.441 billion yuan, a year-on-year decrease of 13.98% and a net profit of 105 million yuan, down 26.46% year-on-year [1] - For the first three quarters of 2025, the company achieved a total revenue of 4.26 billion yuan, reflecting a year-on-year decline of 15.04%, while the net profit for the same period was 280 million yuan, a decrease of 36.07% year-on-year [1]

Core Insights - A new food business named "Tengchong City Dream Food Shop" has been established, with a registered capital of 20,000 RMB [1] - The business is represented by Tian Xiaorong and is involved in food sales and catering services, subject to necessary approvals [1] Business Overview - The business operates under the category of individual business and is registered for food sales and catering services, which require approval from relevant authorities [1] - It also includes general projects such as personal internet live streaming services and internet sales, excluding items that require special permits [1] - The food sales are limited to pre-packaged food items, allowing the business to operate independently under its business license [1]