1月4日，记者发现，"娃小宗"的两个商标以及"凯壹 KELLYONE"获注成功，天眼查APP显示，宏胜饮料集团有限公司的最新动态显示，两个"娃小宗"商标 注册成功，国际分类分别分属于"社会服务"和"医疗园艺"，注册公告日期为2025年12月21日，专利权期限为2025年12月14日至2035年12月13日。 此外，宏胜饮料系杭州恒泽食品饮料有限公司的最新动态显示，"KELLYONE 凯壹"商标被注册通过，国际分类为"30-方便食品"，专利权期限为2025年12 月21日至2035年12月20日。 来源：界面新闻 记者：赵晓娟 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 里程碑！人形机器人与具身智能标委会成立，王兴兴彭志辉发言 工、农、建、交、邮储，国有大行集体官宣→ ...

企查查平台最新信息显示，宏胜饮料集团有限公司（以下简称"宏胜集团"）申请的两枚"娃小宗"商标已注册通 过，国际分类分别归属"社会服务"与"医疗园艺"，注册公告日期为2025年12月21日，专用权期限为2025年12月14 日至2035年12月13日。 | 序号 | 商标图案 | 商标各称 | 国际分类 | 商标状态 | 申请/注册号 | 申请日期 : | 注册公告日期; | 内容 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | | | 30类 方便食品 | 注册申请中 | 87713624 | 2025-09-19 | = | 详情 | | 2 | | HONGSHENG BEVERAGE | 29类 食品 | 注册申请中 | 87708386 | 2025-09-19 | - | 详情 | | ਤੇ | | HONGSHENG BEVERAGE | 32类 啤酒饮料 | 注册申请中 | 87704296 | 2025-09-19 | = | 详情 | | 4 | | HONGSHENG BEVERAGE | 20关 家具 | 注 ...

Currency and Economic Policy - The RMB to USD exchange rate broke the 7.0 mark on December 30, 2025, with an annual appreciation exceeding 4% [1][9] - The Federal Reserve's third interest rate cut of the year has led to a general decline in domestic bank USD deposit rates, with most falling below 3% [1][9] - The combination of currency appreciation and declining interest rates has effectively neutralized the interest income from USD deposits [1][9] Consumer Subsidies - The National Development and Reform Commission announced a new subsidy policy for replacing old household appliances, effective in 2026 [1][10] - Consumers can receive a subsidy of 15% of the sales price for purchasing energy-efficient appliances, with a maximum subsidy of 1500 yuan per item [1][10] Economic Rankings - Indian media reported that India has surpassed Japan to become the world's fourth-largest economy, based on purchasing power parity [1][11] - Predictions indicate that India may surpass Germany within the next three years, potentially becoming the third-largest economy globally [1][11] Market Trends - The domestic futures market experienced significant declines in precious metals and some non-ferrous commodities on December 30, 2025, with platinum and palladium futures hitting the limit down [2][12] - Analysts suggest that the recent downturn is not due to a deterioration in fundamentals but rather a response to previous rapid price increases and regulatory cooling measures [2][12] - The market is expected to enter a period of volatility, with recommendations for investors to adopt a defensive strategy and manage risk carefully [2][12] Household Savings - A new household savings classification system categorizes savings into six levels, with most households falling into the second tier (100,000 to 300,000 yuan) [3][13] - Only 0.37% of households have savings exceeding 500,000 yuan, indicating a concentration of wealth in lower tiers [3][13] Corporate Developments - Moutai announced that its flagship product, the 53-degree 500ml Flying Moutai, will be available on its official self-operated platform "i Moutai" starting in 2026 [3][14] - This move aims to enhance market-oriented transformation and ensure fair access for consumers while stabilizing market dynamics [3][14] Real Estate Taxation - The Ministry of Finance introduced a new regulation requiring individuals to pay a 3% value-added tax on the sale of homes purchased less than two years prior, effective January 1, 2026 [6][15] - Homes held for two years or more will be exempt from this tax, with previous policies being abolished [6][15] Tax Regulations - The State Council released the "Implementation Regulations of the Value-Added Tax Law," effective January 1, 2026, detailing taxpayer obligations and tax rate applications [7][16] - The regulations aim to enhance tax administration and ensure effective implementation of the value-added tax law [7][16]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2024年2月，宗庆后离世，42岁的宗馥莉在万众瞩目中接过娃哈哈集团，到2025年9月辞任，她执掌集团 500余天。 宗馥莉掌舵娃哈哈这艘大船的航程，远非风平浪静。航至深水区，家族内部与企业前路的双重风浪同时 袭来。 在不止一次身处风暴中心时，宗馥莉曾对外界传递她的态度："我不会因为风波改变方向。" 如今，摆在她面前的，已是一张截然不同的"考卷"。 图片来源：视觉中国 继承之战 家族与企业的双重考验 2025年临近尾声，宗馥莉的"继承之战"仍在上演。12月23日，香港特别行政区高等法院公开了一则庭审 信息，诉讼双方正是过去几个月陷入家族争产风波的"宗家三兄妹"和宗馥莉。 这起庭审或与宗馥莉的上诉有关。有报道称，12月初，宗馥莉在香港法院进行上诉，就涉及汇丰银行账 户的离岸信托资产，要求撤销香港高等法院在今年8月作出的资产保全令和披露令。市场声音猜测，宗 馥莉无意在核心资产上退让。 回顾这场争产风波，2025年7月，宗馥莉被三名自称其同父异母的弟妹在香港和杭州法院提起诉讼，追 索高达21亿美元的信托资产权益。至此，娃哈哈隐蔽的家族内部矛盾 ...

每日经济新闻消息，12月23日，香港特别行政区高等法院审理涉"宗家三兄妹"和宗馥莉的一起案件。这 场旷日持久的家族争产风波，还看不到结束的迹象。 但宗馥莉已经完成了她的告别。2025年，宗馥莉真正告别了父亲宗庆后，也告别了娃哈哈。11月底，许 思敏接替宗馥莉出任娃哈哈集团董事长、总经理，持续19个月的权力博弈终于落下帷幕。 很多人说，宗馥莉"把一手好牌打得稀烂"。然而，回头冷静审视，宗庆后给宗馥莉留下的这副"牌局"， 或许并不是人们想象中的那么美好。 宗庆后的遗产当然是辉煌的。它是一个被评估价值900亿元的"国民品牌"，承载着AD钙奶的童年记忆、 营养快线的青春符号，还有深入中国市场毛细血管的渠道网络。然而，这个价值连城的品牌也戴着一副 沉重枷锁——"娃哈哈"三个字，与宗庆后个人形象深度绑定。 同时，宗庆后留下的，还是一个布满历史遗留问题的商业帝国。它有复杂的股权结构和治理困局。杭州 上城区文商旅集团持股46%，宗馥莉持股29.4%，职工持股会持股24.6%。"娃哈哈"商标归属集团，非经 全体股东一致同意，任何一方无权单独使用。这意味着，宗馥莉无法自主决定品牌命运。 其次，宗馥莉坚持制度优于人情的理念，试图进 ...

每经编辑｜段炼 12月23日，香港特别行政区高等法院审理涉"宗家三兄妹"和宗馥莉的一起案件。这场旷日持久的家族争产风波，还看不到结束的迹象。 但宗馥莉已经完成了她的告别。2025年，宗馥莉真正告别了父亲宗庆后，也告别了娃哈哈。11月底，许思敏接替宗馥莉出任娃哈哈集团董事长、总经理， 持续19个月的权力博弈终于落下帷幕。 很多人说，宗馥莉"把一手好牌打得稀烂"。然而，回头冷静审视，宗庆后给宗馥莉留下的这副"牌局"，或许并不是人们想象中的那么美好。 宗庆后的遗产当然是辉煌的。它是一个被评估价值900亿元的"国民品牌"，承载着AD钙奶的童年记忆、营养快线的青春符号，还有深入中国市场毛细血管 的渠道网络。然而，这个价值连城的品牌也戴着一副沉重枷锁——"娃哈哈"三个字，与宗庆后个人形象深度绑定。 同时，宗庆后留下的，还是一个布满历史遗留问题的商业帝国。它有复杂的股权结构和治理困局。杭州上城区文商旅集团持股46%，宗馥莉持股29.4%， 职工持股会持股24.6%。"娃哈哈"商标归属集团，非经全体股东一致同意，任何一方无权单独使用。这意味着，宗馥莉无法自主决定品牌命运。 更深层次的问题在于，宗庆后时代的管理传统，日益成为公 ...

Core Viewpoint - The recent management change at Hangzhou Wahaha Food Co., Ltd. signifies a major shift in the company's leadership structure, with宗馥莉 stepping down and 许思敏 taking over key roles, indicating a potential strategic transformation within the Wahaha Group [2][3]. Group 1: Management Changes -宗馥莉 has resigned as the legal representative, director, and manager of Hangzhou Wahaha Food Co., Ltd., with 许思敏 assuming these roles, marking宗馥莉's full exit from core management positions within the Wahaha system [2]. - 许思敏, born in 1994 and with a legal background from Zhejiang University, has rapidly ascended within the company, previously serving as the head of the legal department and now taking on a critical role in the subsidiary [3]. Group 2: Company Background and Importance - Hangzhou Wahaha Food Co., Ltd. was established on October 28, 1992, with a registered capital of approximately 242 million yuan, focusing on pre-packaged food sales and holding 387 trademarks of the "Wahaha" series, valued over 90 billion yuan [2]. - The company serves as a crucial platform for trademark operations and food sales within the Wahaha Group, linking production bases and distribution networks across the country [2]. Group 3: Strategic Implications - Despite stepping down from management,宗馥莉 retains a significant stake of 29.40% in the Hangzhou Wahaha Group, remaining the second-largest shareholder and actual controller of the core subsidiary [4]. -宗馥莉 is reportedly pursuing an "external" strategy, with her controlled Hongsheng Group applying for the "Wah Xiaozong" trademark and transitioning contracts to the Hongsheng system, indicating a potential brand separation [4]. - The leadership transition poses challenges for 许思敏, who must navigate state-owned enterprise regulations, market reforms, and rebuild distributor confidence, while宗馥莉's influence and the future of the "Wah Xiaozong" brand will be pivotal for the company's direction [4].

娃哈哈再传新消息。 12月17日，天眼查工商信息显示，杭州娃哈哈食品有限公司近期发生工商变更，宗馥莉卸任法定代表 人、董事、经理，上述职务均由许思敏接任。 据悉，这家公司是娃哈哈体系内早期且重要的企业，也是387件"娃哈哈"系列商标的实际权利人，今年2 月其法定代表人才刚从宗庆后变更为宗馥莉。在业内看来，此次卸任杭州娃哈哈食品有限公司职务，标 志着宗馥莉全面退出"娃哈哈系"核心管理岗位。 公开资料显示，杭州娃哈哈食品有限公司成立于1992年10月28日，注册资本约2.42亿元，核心业务为预 包装食品销售，是娃哈哈集团体系内商标运营与食品销售的核心平台，持有387件"娃哈哈"系列商标， 商标品牌价值超900亿元。 在不少业内人士看来，作为集团关键业务载体，本次变更意义重大。除了商标外，该公司还承接集团预 包装食品销售业务，串联起集团遍布全国的生产基地与渠道网络，是娃哈哈国民单品市场流通的重要枢 纽。 作为此次接任的核心人物，许思敏的背景引发市场诸多解读。资料显示，许思敏出生于1994年，拥有浙 江大学法学背景。在加入宗馥莉全资控股的宏胜饮料集团法务体系后，许思敏深度参与处理娃哈哈与达 能商标纠纷等重大案件，逐步 ...

值得注意的是，10月中旬，有消息称，祝丽丹已经被带走调查，引发广泛关注。当日晚间，祝丽丹在接受媒体采访时， 否认了这一消息。此外，宏胜饮料集团另一核心成员严学峰因为涉嫌违纪，曾被杭州市上城区纪律检查委员会立案调 查。随后，又被解除立案审查，并恢复工作。 今年，宏胜集团申请注册了多枚"娃小宗""宗小哈""娃小哈"商标，国际分类涉及食品、啤酒饮料、广告销售等。9月， 有报道称，娃哈哈或使用新品牌"娃小宗"。 10月下旬，有山东娃哈哈经销商向媒体证实，已经接到宗馥莉所控股的宏胜系业务员通知，2026年继续销售"娃哈哈"品 牌产品。 责任编辑：刘万里 SF014 12月5日，天眼查官网显示，宏胜饮料集团有限公司（简称"宏胜集团"）新增一条开庭公告，宏胜集团为被告，原告为 赵某，案由为劳动争议。该案将于12月11日开庭。 据了解，宏胜集团由宗馥莉控股。官网资料显示，宏胜集团成立于2003年，以饮料为主业，同时经营饮料上游产业链配 料生产、高端装备制造、印刷包装，提供饮料生产全产业链解决方案。 宏胜集团由恒枫贸易有限公司100%控股。 智通财经10月底曾从知情人士处确认，宏胜集团法定代表人祝丽丹已离职，办公室已搬空。11 ...

Core Viewpoint - The recent resignation of Zong Fuli from key positions at Wahaha marks a significant shift in the company's management structure, with Xu Simin taking over as the new leader, indicating a transition from personal leadership to a more systematic management approach [2][14][21]. Group 1: Management Changes - Zong Fuli has stepped down from her roles as legal representative, chairman, and general manager of Wahaha, with Xu Simin, aged 31, appointed as her successor [2][12]. - The timing of Xu Simin's rise to power is notable, as he has been groomed within the Wahaha ecosystem, having previously worked in the legal department of Hongsheng Group, which is fully controlled by Zong Fuli [7][12]. Group 2: Ownership and Control - Despite her resignation, Zong Fuli retains a significant 29.40% stake in Wahaha, which allows her to maintain substantial influence within the company [8][11]. - The operational control remains crucial, as Zong Fuli has established a robust supply chain that is integral to Wahaha's operations, ensuring her continued impact on the company's direction [12][13]. Group 3: Strategic Implications - Zong Fuli's departure from frontline roles is seen as a strategic move to alleviate the pressures of public scrutiny and allow for long-term planning without the burden of constant media attention [13][20]. - This transition is viewed as a shift towards a management model that emphasizes professional management alongside family oversight, moving away from a singular focus on individual leadership [14][21]. Group 4: Industry Context - The beverage industry is currently facing intense competition and challenges, making it essential for Wahaha to adapt its management style to remain competitive [14][18]. - The absence of a "star CEO" in favor of a more operationally focused management team reflects the changing dynamics in the fast-moving consumer goods sector [18][20].