扬州市新闻传媒中心记者 屠明娟 文/图 8月22日—23日，扬州发布、扬州日报、扬州晚报陆续报道《扬州"山姆"开业时间定了！》的消息，受 到市民的广泛关注，有网友提出："胖东来啥时候来扬州？"有网友回复："SM广场金城万家超市已经有 胖东来专区了！"为此，记者专门进行了现场探访，发现随着M会员店、盒马鲜生、山姆会员店等陆续 进驻扬州市场，市民越来越期待胖东来、奥乐齐等更多的超市品牌进入本地市场，在超市消费模式悄然 发生变化的同时，现有超市也进入"调改"阶段。 记者探访 胖东来专区有啥？本土超市品牌今年有啥新变化？ 8月24日，记者探访SM广场金城万家超市了解到，这里不但新增了"胖东来商品专购区"，还新增了"奥 乐齐专购区"的字样，每个专区摆放着几十种来自胖东来、奥乐齐的网红商品，比如：果汁、坚果、食 用油、气泡水、洗衣液、酱油等，不少市民正在选购。 市民王女士说："之前去胖东来买过燕麦片、坚果等零食，还在奥乐齐买过好大一桶脆锅巴，味道很不 错，没想到现在扬州也能买到了，挺方便的。" 除了胖东来和奥乐齐专区，记者还注意到，金城万家超市内有不少自有品牌商品，涵盖饮料、酒、日用 品等多个品类。该超市相关负责人介绍， ...

Report Summary 1. Core View - The US including Chinese jujube in the so - called key enforcement list is mainly for political purposes, and the actual impact on domestic jujube trade is negligible. It is not recommended to use this news as a short - selling logic [1] 2. Key Data - In 2024, China's exports of fruits and their products to the US were $805 million, a 25.4% year - on - year increase, accounting for 6.5% of the total agricultural exports to the US. Among them, fruit products were $620 million, a 31.3% year - on - year increase; dried fruits such as apple chips and jujubes were $115 million, a 5% year - on - year increase; fresh fruits such as pears and citrus fruits were $60 million, a 19.3% year - on - year increase [1] - In 2024, China's jujube exports were only 35,600 tons, accounting for a very small proportion of the total production. The export countries are relatively scattered, and direct trade with the US is extremely limited [1] 3. Industry Background - The US Department of Homeland Security listed steel, copper, lithium, caustic soda, and jujube as key enforcement industries under the "Uyghur Forced Labor Prevention Act" to strengthen the US's economic and national security [1]

Group 1 - A2 Milk Company plans to increase investment in China by acquiring a milk powder factory in Pokeno, New Zealand for approximately NZD 282 million (around RMB 1.2 billion) from Yashili International, a subsidiary of Mengniu Dairy [1] - The factory has the capacity to produce up to 52,000 tons of infant formula annually and will allow A2 to register two Chinese label infant formula products [1] - A2 Milk's revenue in China and other Asian regions grew by 13.9% to NZD 1.302 billion for the fiscal year ending June 30, 2025, with its market share in China increasing from 7.1% to 8.0% [2][3] Group 2 - The acquisition may impact the contract manufacturing business of Bright Dairy, which previously produced A2's Chinese label milk powder through its subsidiary New Light [4] - New Light reported a loss of NZD 450 million in 2024, and Bright Dairy holds a 65.3% stake in New Light [4] - A2 Milk is optimistic about its expansion in the Chinese market, indicating a strong confidence in future growth [6]

Core Viewpoint - The announcement provides an overview of the financial performance of Yantai Northern Andeli Juice Co., Ltd. for the first half of 2025, highlighting significant growth in revenue compared to the same period in 2024 [1][3]. Financial Performance Summary - The total revenue for the first half of 2025 reached 945.66 million RMB, representing a 50.20% increase from 629.61 million RMB in the first half of 2024 [2]. - Revenue from juice and essence products amounted to 916.70 million RMB, a 53.01% increase from 599.12 million RMB in the previous year [2]. - Revenue from feed products decreased by 5.01%, totaling 28.96 million RMB compared to 30.48 million RMB in the same period last year [2]. Market Performance Summary - International market sales were 672.63 million RMB, showing a substantial growth of 64.19% from 409.67 million RMB in the first half of 2024 [2]. - Domestic market sales increased by 24.14%, reaching 273.03 million RMB compared to 219.94 million RMB in the previous year [2].

证券代码：605198 证券简称：安德利 公告编号：2025-055 烟台北方安德利果汁股份有限公司 2025 年半年度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》之《第十 二号——酒制造》相关规定，现将烟台北方安德利果汁股份有限公司（简称"公司"） 2025 年半年度主要经营数据（未经审计）公告如下： | 行业 | 2025 | 年 1-6 | 月 | 2024 | 年 1-6 | 月 | 变动比例（%） | | --- | --- | --- | --- | --- | --- | --- | --- | | 饮料制造业 | | 91,669.98 | | | 59,912.49 | | 53.01 | | 饲料制造业 | | 2,895.68 | | | 3,048.48 | | -5.01 | | 合计 | | 94,565.65 | | | 62,960.97 | | 50.20 | 3、主营业务分地区情况 单位：万元 币种：人 ...

Core Viewpoint - The company has signed a project cooperation letter with the Suizhong County People's Government to invest in a juice processing production line in Suizhong County, Liaoning Province, aiming to enhance the local apple industry and increase farmers' income [1] Investment Details - The company plans to invest approximately RMB 160 million in the project, covering an area of about 70 acres [1] - The juice processing production line is expected to process 120,000 tons of apples and pears annually, generating an estimated annual output value of around RMB 200 million once operational [1] Strategic Alignment - This initiative aligns with the company's strategic plan to deepen its core business and is expected to integrate regional apple resources [1] - The project is anticipated to enhance the company's competitive position in the industry and have a positive impact on its future development [1]

Group 1 - The company signed a project cooperation letter with the Suizhong County Government on August 16, 2025, to explore the establishment of a juice processing production line in Dongdaihe, Suizhong County, Liaoning Province [2][4][10] - The investment for the juice processing line is approximately RMB 160 million, covering an area of about 70 acres, with an expected annual processing capacity of 120,000 tons of apples and pears, generating an annual output value of around RMB 200 million [4][5][10] - The cooperation aims to leverage the resource advantages of Suizhong County and the company's advanced technology and management experience to promote the development of the apple industry in the region [4][10] Group 2 - The cooperation letter is a non-binding document that outlines the intention for future collaboration, and its implementation is subject to various factors including policies and market conditions [2][9][11] - The company is required to establish a project company and complete tax registration within six months of signing the letter [7] - The signing of the cooperation letter is aligned with the company's strategic planning and is expected to enhance its competitiveness in the industry if the project progresses successfully [10][11]

Group 1 - The company signed a project cooperation letter of intent with Suizhong County Government on August 16, 2025, to explore strategic collaboration in the juice processing sector [1][2] - The cooperation aims to leverage the resource advantages of Huludao City, Liaoning Province, and the company's advanced technology and management experience to develop a juice processing production line [2][3] - The company plans to invest approximately RMB 160 million in the project, which will cover an area of about 70 acres and is expected to process 120,000 tons of apples and pears annually, generating an estimated annual output value of around RMB 200 million [2][3] Group 2 - The cooperation letter does not constitute a related party transaction or a major asset restructuring as defined by relevant regulations, and it does not require board or shareholder approval [2][3] - The letter outlines the rights and obligations of both parties, with the government responsible for facilitating necessary project approvals and the company ensuring compliance with tax regulations [3][4] - The letter is non-binding and serves as a basis for further negotiations, with a validity period of 8 months, after which it will automatically terminate if no formal agreement is signed [4][5] Group 3 - The signing of the cooperation letter aligns with the company's strategic plan to deepen its core business and enhance competitiveness in the juice industry [4][5] - The impact on the company's long-term operations will depend on the successful advancement and implementation of the specific cooperation projects [5][6]

Core Viewpoint - The company has signed a cooperation intention agreement with the Suizhong County Government to invest approximately RMB 160 million in a juice processing production line in Liaoning Province, which is expected to enhance the local apple industry and the company's competitiveness in the market [1][2]. Group 1 - The company will invest about RMB 160 million to build a juice processing production line on approximately 70 acres of land, which will process 120,000 tons of apples and pears annually, generating an estimated annual output value of RMB 200 million [1]. - The cooperation aims to leverage the local government's resource advantages and industry support policies alongside the company's advanced technology and management experience [1]. - The project aligns with the company's strategic plan to deepen its core business and is expected to have a positive impact on its future development if the cooperation progresses smoothly [2]. Group 2 - The signing of the cooperation intention agreement is part of the company's efforts to integrate apple resources in Suizhong County and the surrounding areas [2]. - The company held a board meeting on August 19 to review its mid-term performance, indicating ongoing corporate governance and strategic planning [3].

Core Viewpoint - The company has signed a project cooperation letter with the Suizhong County Government to invest in a juice processing production line in Liaoning Province, aiming to enhance the local apple industry and generate significant economic benefits [1][2] Group 1: Project Details - The company will invest approximately RMB 160 million in the juice processing production line, covering an area of about 70 acres [1] - The production line is expected to process 120,000 tons of apples and pears annually, generating an annual output value of around RMB 200 million [1] Group 2: Strategic Implications - The cooperation aligns with the company's strategic plan to deepen its core business and enhance competitiveness within the industry [2] - Successful implementation of this project is anticipated to have a positive impact on the company's future development [2]