新华网海南博鳌12月3日电（记者 王忻 杨登媛）12月2日至5日，2025企业家博鳌论坛系列活动在海南博鳌举办。作为论坛的重要活动之一，国民共"拾"光 ——2025新消费发展论坛于3日举办。政府人士、专家学者、企业代表齐聚一堂，共同探讨新消费的发展趋势、共商产业升级路径、共话品牌成长未来。 来源：新华网 新消费驱动新动力：洞察趋势、提升品质、引领升级 消费一头连着民生福祉、一头连着经济发展，是促进民生改善的重要支撑，也是推动经济高质量发展的重要内生动力。 新华网党委书记、董事长储学军 新华网党委书记、董事长储学军表示，中国消费市场正经历由技术创新、品质升级和文化自信驱动的深刻变革，企业唯有洞察大势、积极作为，方能立于潮 头。企业必须将科技创新深植于发展基因，以前沿技术推动产品迭代与场景革新，让消费体验更智能、更便捷、更富想象力；深耕实体经济主阵地，推进产 业高端化、智能化、绿色化升级，在现代化产业体系中构筑核心竞争优势；坚守长期主义，以品质铸就品牌基石，以文化塑造品牌温度，在满足人民对美好 生活向往的同时，讲好中国品牌的精彩故事。 国家市场监督管理总局特殊食品安 全管理司副司长李晓瑜 国家市场监督管理总局特殊 ...

Core Insights - The company reported total revenue of 3.483 billion yuan for the six months ending June 30, 2025, representing an 18.5% year-on-year increase, driven by enhanced omnichannel and brand development efforts [1][1][1] - Gross profit increased by 12.3% year-on-year to 1.642 billion yuan, while the gross margin decreased by 2.6 percentage points to 47.2%, reflecting the impact of rising raw material costs [1][1][1] - Net profit for the period rose by 18.5% year-on-year to 736 million yuan, with a net profit margin of 21.1%, consistent with the previous year [1][1][1] Revenue and Profitability - Total revenue reached 3.483 billion yuan, up 18.5% compared to the same period last year [1] - Gross profit was 1.642 billion yuan, a 12.3% increase year-on-year [1] - Net profit amounted to 736 million yuan, reflecting an 18.5% growth from the prior year [1] Margin Analysis - Gross margin decreased to 47.2%, down from 49.8% in the previous year [1] - Net profit margin remained stable at 21.1%, unchanged from the same period last year [1] Operational Efficiency - The company improved supply chain efficiency to partially offset the impact of rising raw material costs [1]

Core Viewpoint - Sam's Club has initiated a silent product replacement campaign, removing several exclusive items and replacing them with more common brands, leading to significant backlash from its membership base [1][4][10] Group 1: Product Changes - Sam's Club has quietly removed popular exclusive products such as Taiwanese-style sun cakes and low-sugar egg yolk pastries, replacing them with widely available brands like Orion and Wei Long [1][4] - The new products, including a low-sugar Orion cake, were marketed as improvements, claiming an 80% reduction in sugar and a 30% increase in cocoa content [6][7] Group 2: Member Reactions - Members expressed dissatisfaction, feeling that the quality of products has declined and that the unique selection that differentiated Sam's Club from regular supermarkets is disappearing [4][10] - Many members have voiced their concerns on social media, leading to a trending topic regarding the perceived decline in product quality and selection [4][10] Group 3: Financial Implications - Sam's Club charges an annual membership fee of 260 yuan for regular members and 680 yuan for premium members, with over 500,000 active members in China contributing to significant annual revenue [9] - The average annual spending required to break even on the membership is now estimated at 13,000 yuan, equating to an additional 5.2% "membership tax" on each purchase [9][10] Group 4: Business Model Concerns - The shift in product selection raises questions about the core value proposition of the membership model, as members expect unique products that cannot be found elsewhere [10] - Industry analysts suggest that maintaining a diverse and high-quality product range is essential for sustaining member loyalty and competitive advantage against e-commerce platforms [10]

Core Viewpoint - The article discusses the recent backlash against Sam's Club for offering a large number of non-Sam's branded products, leading to dissatisfaction among members who feel their membership fees are not justified [2][3]. Group 1: Customer Sentiment - Customers are frustrated that many products available at Sam's Club can be found at local convenience stores without the need for a membership fee [2][3]. - The emotional value associated with shopping at Sam's Club is diminishing, prompting members to question the value of their membership [3]. Group 2: Proposed Solutions - The author suggests that Sam's Club should focus on enhancing its branding by prominently displaying its logo on products, even if they are from other brands [5][6]. - The recommendation is to make the Sam's logo extremely visible on products to improve customer perception and satisfaction [7][8]. Group 3: Brand Identity - The article emphasizes that the uniqueness of Sam's Club's offerings should be highlighted, as this is a core competitive advantage [14][21]. - It argues that even if products are sourced from the same manufacturers, the branding and quality standards can differentiate them significantly [17][18]. Group 4: Implementation Strategy - The author believes that the strategy of enhancing product packaging with the Sam's logo is a simple yet effective way to address customer concerns quickly [10][24]. - The focus should be on immediate implementation of this branding strategy to improve customer feedback and overall perception of the brand [9][24].