这是新消费智库第 2 6 6 6 期文章 新消费导读 . . . . . . 4. Giorgio Armani 与 KITH 再度联袂发布全新系列 继 2024 秋冬系列合作之后， Giorgio Armani 与纽约街头时尚品牌 KITH 再度携手，推出全新联名系列 "ESTATE" ，首次同时涵盖男 装与女装。 （ 时尚无国界 ） 5. HOKA 推出全新鞋款 一周新品 1. 简爱超级桶荔枝杨梅风味发酵乳新品上市 1. 简爱超级桶荔枝杨梅风味发酵乳新品上市 2. 茉莉奶白推出恋夏漂亮水系列 3. 三顿半携手迪士尼《疯狂动物城》推出最新产品系列 4. 古茗携手吴彦祖加码咖啡业务 5. 专业跑步品牌 SOAR 进军中国市场 6. 霸王茶姬全国首家茶苑主题店将开业 7. 南酸枣糕齐云山冲刺港股 IPO 8. 植物医生冲 IPO 9. 梦龙冰淇淋独立运营 10. CHALI 潮养系列上新 11. 白鹤酒造 跨界做美妆 12. 巴黎欧莱雅推出 AI 美容助手 13. 悦诗风吟正式关闭海外旗舰店 简爱超级桶荔枝杨梅风味发酵乳新品上市。新品精选优质荔枝杨梅原料，不含色素、明胶、果胶、防腐剂、复原乳、食用香精，采用 1 ...

中山市市场监督管理局食品监督抽检信息通告（2025年第21期） 中山市市场监督管理局组织对中山市范围内食品生产经营环节的六大类食品进行监督抽检，具体包括餐饮食品、糕点、粮食加工品、肉制品、食用农 产品和饮料，不合格样品5批次。检验依据按照《广东省食品安全监督抽检实施细则》执行。 欢迎广大消费者积极参与食品安全监督工作，关注每期食品抽检信息公布，如发现危害社会公众的食品及其违法行为，请及时拨打市市场监督管理局 举报投诉电话12345。 特此通告。 中山市市场监督管理局 2025年6月27日 | 食品监督抽检不合格信息表（2025年第21期） | 任 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...

Summary of Key Points - The article reports on the food safety inspection results conducted by the Jixian County Market Supervision Administration for the year 2025, highlighting the number of samples tested and their compliance status [2][3] - A total of 40 batches of ordinary food were sampled, all of which passed the inspection, while 71 batches of agricultural products were tested, with 69 passing and 2 failing [2][3] - The report emphasizes the importance of these inspections in ensuring food safety and eliminating potential hazards in the food supply [2][3] Group 1: Inspection Results - 40 batches of ordinary food were tested, with a 100% pass rate [2][3] - 71 batches of agricultural products were tested, with 69 passing and 2 failing, indicating a compliance rate of approximately 97.2% [2][3] - The specific failures involved residues of agricultural chemicals exceeding the national safety standards [3] Group 2: Non-compliance Details - The two non-compliant agricultural products were found to have residues of chloramphenicol exceeding the maximum allowable limit of 0.3 mg/kg, with one sample showing 0.770 mg/kg and another showing 1.44 mg/kg [3] - The report provides detailed information about the non-compliant products, including the names of the producers and the specific locations where the samples were collected [3][4]

2024年底，李子园创始人李国平之子、"90后"李博胜正式接任总经理。这一代际传承背后，是区域品牌在增长瓶颈与健康化浪潮中的"破局之战"。根据中 华全国工商业联合会数据显示，中国民营经济正步入代际传承的密集更迭期：超80%的民营企业为家族掌控模式，且当前正处于二代接班的关键窗口期 一、李子园换代：甜牛奶帝国的突围实验 2024年12月30日晚间，李子园发布的一系列人事变动公告，创始人李国平之子——李博胜受聘为公司总经理正式接过公司管理接力棒。这一变动意味着李 子园开启了二代接棒的新局面，与家族企业一道步入而立之年的李博胜，自此开始续写李子园的品牌新篇章。 1. 李子园过度依赖甜牛奶，产品结构单一营收"0"增长 李子园自1994年成立以来，凭借甜牛奶产品占据江浙沪早餐市场，但过度依赖单一品类（甜牛奶贡献超95%营收）、区域市场局限（华东占比50%以上） 以及高管减持风波，使其陷入增长停滞。 自2021年起，李子园营收陷入几乎"0"增长甚至下滑的困境，2021-2024年的营收分别为14.7、14.0亿、14.1亿和14.2亿元。而净利润在2024年也出现下滑， 同比减少5.6%。 数据来源：企业年报，勤策消费研 ...

Core Insights - The relationship between manufacturers and distributors is crucial for brand vitality in the beverage industry, as demonstrated by Yatai Beverage's successful transition from a regional brand to a national player over 25 years [1] - Yatai's third production base, with an investment of 1 billion yuan, will enhance its production capacity to over 1.3 million tons annually, supporting a projected revenue exceeding 5 billion yuan [3][6] Group 1 - Yatai Beverage has established a robust cooperation system with over 3,000 national marketing teams and a million distribution points, emphasizing production strength and transparent relationships with distributors [1] - The new production base will feature 16 fully automated sterile production lines, increasing annual capacity by 600,000 tons, which will stabilize the supply chain and allow distributors to focus on market development [3] - The focus on health-oriented beverages like coffee, coconut juice, and plant protein aligns with current consumer upgrade trends, enhancing the product matrix for existing distributors and creating opportunities for new partners [5] Group 2 - Yatai's strategy of opening production bases and showcasing R&D capabilities fosters trust with distributors, transforming them from mere sales executors to market co-builders [5] - The completion of the third base marks a new phase in Yatai's national expansion, providing certainty in production capacity and attracting high-quality partners in a volatile market [6]

Core Viewpoint - The recent announcement by Zunming Co., Ltd. regarding the transfer of 50.83% equity in Zunming Xiangxiang indicates a strategic retreat due to financial struggles and declining profitability [1][3][7] Group 1: Financial Performance - Zunming Xiangxiang has accumulated losses of 29.16 million yuan since its establishment, with the company facing high debt levels and cash significantly lower than short-term liabilities [1][2] - In 2024, Zunming Xiangxiang reported revenue of 72.03 million yuan but incurred a loss of 23.52 million yuan, while the first quarter of 2025 showed revenue of 21.69 million yuan with a loss of 0.38 million yuan [2] - Zunming Co. itself reported a loss of 25.14 million yuan in 2024 and a further loss of 5.91 million yuan in the first quarter of 2025 [2] Group 2: Expansion Strategy - Since its IPO in January 2021, Zunming Co. has pursued aggressive expansion, establishing production bases in various regions, including Jiangsu, Hubei, Shanxi, Guizhou, and Beijing [3] - The establishment of Zunming Xiangxiang was part of a strategy to penetrate the Beijing-Tianjin-Hebei market, which has now been reversed with the equity transfer [3][4] Group 3: Operational Challenges - Despite an increase in production capacity, Zunming Co. has seen a decline in the utilization rates of its facilities, with actual utilization rates for fresh bean products at only 40% and for plant protein beverages at 35% [5][6] - The company has faced a significant drop in profit margins, with gross margin decreasing from 33% in 2020 to 22.74% in 2024, and net margin falling from 8% to 2.34% over the same period [6] Group 4: Debt and Financial Health - Zunming Co.'s debt-to-asset ratio has risen from approximately 40% at the time of its IPO to 55.61% in 2024, indicating increasing financial pressure [6] - The company has 1.42 billion yuan in cash against short-term interest-bearing liabilities of 6.56 billion yuan, resulting in a cash-to-short-term debt ratio of only 0.22 [6]

被称为"中国燕麦第一股"的西麦食品在近期披露的投资者关系活动信息记录中提到对公司未来3—5年的规划，其中包括将持续发展以燕麦为主的健康食品， 提升市场份额；依然看好冷食燕麦市场前景，持续拓展大健康领域等。 关于净利率连年下滑原因以及公司布局等问题，北京商报记者向西麦食品董事会秘书邮箱发送了采访函，截至发稿暂未收到回复。 在业界看来，西麦食品营收增长、净利率下滑的一个原因是原材料成本上涨导致。西麦食品在2024年4月的投资者关系记录表中也提到，原粮成本上涨是一 个不可忽视的因素，公司大部分原粮来自澳大利亚，年内进口原粮的价格有所上涨，会对公司利润造成影响。 根据2024年财报信息，当前西麦食品正在面临营业成本加大的问题，2024年，西麦食品营业成本增速达27.13%，显著高于20.16%的营收增幅，毛利率也下 降3.22个百分点至41.33%。 其实在更早之前的招股书中，西麦食品就曾对公司原料采购作出过警示——2016—2018年，澳大利亚进口燕麦粒占西麦燕麦粒采购总量的比例约90%。若因 天气等原因导致澳大利亚的燕麦粒产量大幅减产，从而造成燕麦粒供应不足或采购单价大幅上升等原因，会对公司生产经营造成重大不利影 ...

证券之星吴凡 豆制品生产商祖名股份（003030）(003030.SZ)近期发布的2024年年报显示，公司实现营收16.64亿元， 同比增长12.58%，归母净利润亏损2513.61万元，同比大幅下降162.12%，这是公司自2021年上市后首次 盈利告负。这也意味着，祖名股份于2024年4月推出的员工持股计划中，第一个解锁期公司层面的业绩 指标未达成。 证券之星了解到，公司产能爬坡释放过程中折旧、能耗、人员工资等成本增加，以及部分生产基地改造 影响等综合因素是侵蚀公司利润的主因之一。另外，由于2024年豆制品行业竞争激烈，祖名股份投入的 销售费用创下历史新高的2.64亿元，也是导致公司归母净利润出现亏损的关键因素。而在今年一季度， 公司继续呈现"增收不增利"之态，营收同比增长16.71%至4.45亿元，归母净利润亏损591.39万元，同比 大幅下降160.93%，这也是公司连续四个单季度净利润呈现亏损。 生产基地尚未达到满产状态 2024年，祖名股份营业总成本达到16.96亿元，较上年同期增长约19.52%，总成本增速高于同期12.58% 的营收增速，其中生鲜豆制品的营业成本较上年大幅增长23.15%，高于 ...

Core Points - The establishment of Hainan Free Trade Port's Yangpu Economic Development Zone as a pilot area for high-level cross-border trade and investment since January 2022 has significantly boosted regional trade development [1] - Hainan Oscar International Grain and Oil Co., Ltd. has rapidly developed by leveraging the policy advantages of Hainan Free Trade Port and the geographical advantages of Yangpu, achieving a production value of 5.95 billion yuan in 2024 [3] - The new policies have simplified foreign exchange processes, reducing the time for special refund business from several days to a few minutes, thereby lowering operational costs for enterprises [3][5] Policy Impact - The four key policies have optimized management processes, simplified operational steps, and improved financial service efficiency, significantly reducing the "bottom-line costs" for enterprises [7] - Enterprises can now handle foreign exchange receipts and payments for current accounts with just payment instructions, eliminating cumbersome documentation processes [7] - Electronic payments save time and storage costs for banks while allowing enterprises to benefit from favorable exchange rates [7] Efficiency Gains - The implementation of these policies has led to a reduction in settlement time by at least 75% and an increase in settlement efficiency by over 50% [8] - The policies support banks in optimizing new international trade settlement methods and expand the range of enterprises eligible for net settlement of trade receipts and payments [7][8]

Core Viewpoint - Dongpeng Beverage is strategically establishing a new production base in Zhongshan with a total investment of 1.2 billion yuan, aiming to enhance its production capabilities and market presence in the beverage industry [1] Group 1: Investment and Production Capacity - The Zhongshan production base will cover an area of 180 acres and will include production lines for four major categories: vitamin functional drinks, compound tea drinks, plant protein drinks, and electrolyte drinks [1] - The project is expected to achieve an annual production capacity of 60 million boxes through the implementation of eight high-end production lines and an intelligent warehousing and logistics system [2] Group 2: Product Strategy and Market Expansion - The Zhongshan base will serve as an incubator for new product categories, with plans for an annual production of 2.5 million boxes for the electrolyte drink "Bushi La" and 2.5 million boxes for compound tea drinks targeting a market with over 20% annual growth [4] - As of Q1 2025, the revenue share of Dongpeng's "other beverages" category has increased to 7.74%, indicating the initial success of the intelligent production base and multi-category strategy [4] Group 3: Regional Economic Strategy - The location of the Zhongshan base is strategically positioned in the core area of the Guangdong-Hong Kong-Macao Greater Bay Area, allowing for rapid product response and market penetration in Southern China [5] - The base will work in conjunction with the Hainan base to form a dual hub, leveraging the advantages of industrial clusters and consumption upgrades in the Greater Bay Area [5] Group 4: Global Supply Chain and Market Penetration - Dongpeng Beverage is establishing a global supply chain system by linking the Zhongshan base with its factories in Indonesia and Yunnan, facilitating quick product delivery to ten ASEAN countries [7] - The company adopts a localized production strategy in markets like Indonesia to reduce costs and offers competitive pricing compared to rivals like Red Bull, demonstrating the effectiveness of its supply chain localization and cost-performance advantage [7]