一是把"孩子吃的"作为关注重点，对在产婴幼儿配方食品企业实现100%抽检全覆盖；对校园餐以及食 材集中采购平台开展"双周检"，要求在每两年的周期内，实现对全国所有大中小学校园食堂抽检的全覆 盖。 二是把"有问题的"作为抽查重点，如把校园食品、农村假冒伪劣食品、制售假劣肉制品、食品添加剂滥 用以及食用植物油等突出问题，作为抽检监测的重点。同时对既往抽检不合格率比较高的食品品种和检 验项目，加大抽检的批次，对检出不合格的企业实施跟踪抽检。 新华财经北京11月25日电（记者赵文君）食品安全抽检覆盖39大类食品、2066项指标……市场监管总局 25日召开"开展全链条抽检强化全链条监管"食品安全专题新闻发布会，介绍今年以来食品安全抽检总体 最新情况和监管相关举措。 市场监管总局食品安全总监孙会川介绍，截至11月中旬，今年以来全国市场监管系统完成食品安全抽检 570.26万批次，检出不合格样品15.6万批次，不合格率为2.74%；完成风险监测23.44万批次，检出问题 样品1.02万批次，风险发现率4.36%。发现的问题主要集中在农药残留超标、食品添加剂滥用、微生物 污染等方面。 在食品品种上，食品安全抽检已经覆盖了39 ...

本报（chinatimes.net.cn）记者何一华 李未来 北京报道 石油巨头纷纷瞄上售电市场。 11月17日，中国石油集团电能有限公司（下称"中油电能"）揭牌。该公司前身是2016年9月成立的大庆 油田售电有限责任公司，重新揭牌后，将扮演清洁能源服务商和中国石油售电品牌的角色。 记者注意到，不久前，中国石化天然气分公司在重庆电力交易中心完成注册，成立中石化重庆涪陵页岩 气销售公司并取得电力市场交易资质，正式进军售电领域。 11月18日，《华夏时报》记者就此邮件联系中国石油（601857.SH）、中国石化（600028.SH），截至 发稿未得到回复。 对于石油企业布局售电业务，林伯强告诉记者，首要原因就是转型，而油和电又有很多可以结合的地 方，比如说加油站可以安装充电桩，从而往新能源方向转型，核心就是通过油和电的结合，可以有更多 的机会，同时做到节能减排、低碳转型。 记者了解到，油和电的结合方面业内已有尝试。今年4月，中国石化和宁德时代在北京签署了产业与资 本合作框架协议，双方将深化战略合作，共同推进全国换电网络的建设。根据协议，双方计划在今年内 建设至少500座换电站，长期目标是扩展至10000座。 厦门 ...

Financial Data and Key Metrics Changes - Total revenues increased by 36.7% year-over-year, reaching MXN 20.3 billion [4][5] - Same-store sales grew by 17.9%, driven by improvements in the value proposition [4][5] - EBITDA reported a loss of MXN 404 million, but excluding non-cash share-based payments, EBITDA increased by 43.6% to a positive MXN 1.2 billion [4][5] Business Line Data and Key Metrics Changes - The company opened 131 net new stores in the quarter, totaling 3,162 stores, with 390 stores opened in the first nine months of 2025 compared to 346 in the same period last year [4][5] - Cash flow generated by operating activities reached MXN 3 billion, a 30% increase year-on-year [5] Market Data and Key Metrics Changes - The gap versus ANTAD continues to increase, now almost 17 percentage points [6] - The company is one of the fastest-growing retailers globally, with significant room for expansion in Mexico, targeting a total of 14,000 stores [10] Company Strategy and Development Direction - The company focuses on continuous improvement of its value proposition, which is driving same-store sales growth [10] - There is a strong emphasis on talent investment as a key success factor, with a high talent density within the team [11] - The company plans to continue expanding its store network and product offerings while maintaining operational efficiency [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong sales growth, driven by product improvements and a robust pipeline [45] - The company anticipates that margins will improve over time due to better purchasing terms and logistics efficiency [14][15] - Management noted that the competitive landscape remains strong but healthy, with no significant changes in competition [37] Other Important Information - The company has a net cash position of approximately MXN 1.1 billion and $151 million in short-term deposits [5] - Share-based compensation has been a key driver of attracting talent and aligning interests with shareholders [11] Q&A Session Summary Question: Comments on gross margin and market share - Management indicated that margins will improve as purchasing costs decrease and logistics efficiency increases, with a focus on enhancing the value proposition [14][15] Question: Maturation of new store vintages - New store vintages are maturing faster than expected, leading to improved returns on invested capital [23][24] Question: Sales expenses and regional performance - Management expects more favorable comparisons for sales expenses in the next quarter and noted consistent performance across regions [29][32] Question: Product development and customer journey - The customer journey typically starts with basic goods, leading to increased basket sizes as customers try new products [57][60] Question: Interest from larger players - Management stated there has been no significant interest from larger national or international players regarding a potential acquisition [86]

Core Insights - Ningbo has launched the "Ningbo Nonghao" quality traceability system as part of its Green Food Promotion Month, aiming to enhance the transparency and quality of local agricultural products [1][2] - The initiative is a response to national efforts in promoting green food and signifies a step towards ensuring food safety and increasing the market recognition of high-quality agricultural products [1][2] Group 1: Event Overview - The Green Food Promotion Month will last for two months, featuring the distribution of a guidebook on green quality agricultural products and the launch of the traceability system [1] - Four companies were recognized for their inclusion in the national green food label directory, and 20 agricultural entities showcased their products at the event [1] Group 2: Agricultural Quality and Safety - Ningbo is committed to ensuring food safety by implementing strict standards and regulations, enhancing the supply and quality of green agricultural products [2] - The city has developed a digital traceability system that allows consumers to access detailed information about agricultural products through a unified identification code [2] Group 3: Industry Development - Currently, Ningbo has 257 green food enterprises and 375 certified products, with a total annual output value of nearly 5 billion [3] - The city aims to optimize the structure of green food products and improve the effectiveness of certification processes while enhancing the overall agricultural industry development [3]

Group 1: Investment Strategy Overview - The report emphasizes a cautious investment approach, suggesting to "build high walls" (focus on dividends), "store grain" (control positions), and "wait for the king" (exercise caution while waiting for external risks to be fully released) [4][6][9] - The A-share market showed resilience despite initial declines, with the Shanghai Composite Index needing to maintain a low point of 3922 to avoid further downturns [4][18] - The technology sector has seen significant gains, with many leading tech stocks reaching new highs, but investors without positions are advised against chasing high volatility at elevated levels [4][18] Group 2: Market Analysis - The U.S. stock market experienced declines due to the Federal Reserve's officials striking down December rate cut expectations and profit-taking in tech stocks, indicating a high-risk environment for investors [5][25] - The report notes that the dollar index has broken through the previously indicated strong point of 99, with expectations for continued strength in the dollar against other currencies, particularly the RMB [30][31] - Commodity markets are advised to adopt a wait-and-see approach, with a noted decline in the Wenhua Commodity Index by 0.2% due to the strong dollar and ongoing market conditions [33][34] Group 3: Sector Performance - The report highlights that sectors such as coal, banking, and photovoltaic are still at low levels, suggesting that buying in less popular areas can yield excess returns [4][18] - The technology sector's absorption rate remains high, indicating limited room for further declines, while "old" sectors with lower volatility are expected to provide better returns in the fourth quarter [4][18] - The report identifies the Hainan Free Trade Zone as a strong performer, continuing to show resilience in the market [19][22]

Group 1: Report Industry Investment Rating - There is no clear report industry investment rating provided in the text. Group 2: Core Views of the Report - The commodity market oscillated last week, closing down 0.27% overall, with only the black sector rising 1.96%, while non - ferrous metals, precious metals, agricultural products, and energy and chemicals declined by 0.36%, 0.61%, 0.62%, and 0.97% respectively [1]. - The Fed cut interest rates and announced the end of balance - sheet reduction on December 1st, but Powell's stance was hawkish, and geopolitical uncertainties, along with a rebound in the US dollar index, may lead to short - term oscillations in the commodity market [1]. - Different sectors have different short - term trends: precious metals may oscillate at high levels; non - ferrous metals may operate stably; the black sector may face pressure; energy prices may oscillate in the short term and turn bearish in the medium term; the chemical industry may oscillate; and in the agricultural products sector, meal is expected to be stronger than oil in the short term [1][2][3]. Group 3: Summary by Relevant Catalogs 1. Market Performance Summary - **Overall Market**: The commodity market oscillated last week, closing down 0.27%. The black sector was the only one to rise, up 1.96%, while other sectors declined [1]. - **Top - Gaining and Top - Losing Varieties**: The top - gaining varieties were apples, iron ore, and coking coal, with increases of 4.38%, 3.76%, and 3% respectively. The top - losing varieties were methanol, palm oil, and rapeseed oil, with declines of 4.05%, 3.92%, and 3.47% respectively [1]. - **Volatility and Capital**: The 20 - day average volatility of the commodity market continued to rise, with most varieties in precious metals, non - ferrous metals, black, and chemical sectors seeing an increase in volatility. The overall market capital scale decreased, with only the black sector seeing an increase in capital, and outflows mainly concentrated in the precious metals sector [1]. 2. Sector - by - Sector Outlook - **Precious Metals**: After a short - term oversell, the sector rebounded last week. The Fed cut interest rates as expected and ended balance - sheet reduction, but Powell's hawkish stance and policy disagreements among officials, along with the US government shutdown in a game stage, may lead to high - level oscillations in the sector [2]. - **Non - Ferrous Metals**: Sino - US economic and trade relations have eased, but Powell's hawkish stance led to a rebound in the US dollar index, and China's PMI unexpectedly declined. The supply side remains tight, but the terminal is weak, and inventories have slightly increased. The sector may operate stably in the short term due to expected incremental stimulus policies and a suspension of trade frictions [2]. - **Black Sector**: The apparent demand for rebar continued to improve last week, production increased, and inventories continued to decline. Hot metal production decreased significantly, and the steel mill profitability rate reached a new low this year. The negative feedback pressure in the industrial chain needs to be relieved. Iron ore port inventories continue to increase, and there are expectations for safety production assessments in the coking coal main production areas, but steel mills have a strong desire to lower raw material prices. The sector may face pressure in the short term [2]. - **Energy**: US EIA data showed that crude oil, gasoline, and refined oil inventories declined more than expected, supporting oil prices. However, the Fed's negative guidance on a December interest - rate cut, the easing of Sino - US relations, and OPEC +'s decision to increase production in December limit the rebound height of oil prices. Oil prices may oscillate in the short term and turn bearish in the medium term [3]. - **Chemical Industry**: For polyester products, downstream demand is currently okay but is expected to weaken in the medium term. With a lack of more positive factors, it may oscillate in the short term. For building materials, the weak reality persists, with rising costs and decreasing inventories, and it may fluctuate with macro - sentiment in the short term [3]. - **Agricultural Products**: US soybeans are supported by optimistic trade expectations, and meal performance is strong. Palm oil in Malaysia has not shown seasonal production cuts, and with weak export demand, the risk of a decline in oils has increased. Meal is expected to be stronger than oil in the short term [3]. 3. Commodity Fund Overview - **Gold ETFs**: Most gold ETFs had negative weekly returns, with the total scale of gold ETFs decreasing by 2.91% and the total trading volume decreasing by 4.22% [33]. - **Other Commodity ETFs**: The energy and chemical ETF had a weekly return of - 0.83%, the feed soybean meal futures ETF had a 2.22% return, the non - ferrous metals futures ETF had a 0.20% return, and the silver futures (LOF) had a - 0.12% return. The total scale of commodity ETFs decreased by 1.83%, and the total trading volume decreased by 6.43% [33]

Core Viewpoint - The article highlights the innovative use of agricultural drones by an elderly woman, Dai Shuying, who, with the guidance of her grandson, Wang Tiantian, operates the drone for farming tasks, showcasing the integration of technology in modern agriculture and the empowerment of older generations in utilizing new tools [3][31]. Group 1: Drone Operation and Agricultural Efficiency - Dai Shuying operates a drone to assist in fertilizing a wheat field, demonstrating the practical application of technology in agriculture [1][3]. - The drone significantly increases efficiency, allowing one person to cover 600 acres in a day, compared to traditional methods that only manage a few acres [9][10]. - Wang Tiantian prepares the drone's flight path and settings, ensuring safety and ease of use for his grandmother [5][8]. Group 2: Intergenerational Learning and Engagement - Dai Shuying's curiosity about the drone technology led her to learn its operation, supported by her grandson, which fosters a strong family bond [8][27]. - The duo engages in creating short videos and live streaming, which not only serves as entertainment but also promotes their agricultural products [15][21]. - Their interactions and shared activities, such as filming and live selling, have attracted a significant online following, enhancing their social engagement [17][24]. Group 3: Economic Benefits and Market Access - By selling processed rice instead of raw grain, they can earn approximately double the income, showcasing the financial advantages of modern agricultural practices [27]. - The live streaming platform provides a new channel for sales, allowing them to connect with customers beyond their local area [24][31]. - Dai Shuying expresses satisfaction with the improved quality of life and increased income from their farming activities, reflecting the positive impact of technology on rural livelihoods [31][35].

Core Viewpoint - The company reported a slight decrease in gross margin this year, primarily due to changes in channel structure and increased operational costs [2] Group 1: Gross Margin and Channel Structure - The company's gross margin has slightly decreased this year, influenced by the changing channel structure [2] - High-margin products in new media channels have seen a decline in cost-effectiveness due to significant expense investments, leading to a reduced share [2] - The offline snack channel has lower product gross margins, but its overall operational costs are also lower, resulting in an increasing share [2] Group 2: Cost and Raw Material Procurement - The key procurement cycle for the main raw material, anchovy, is not yet complete, leading to uncertainty in overall costs [2] - The company is actively developing overseas supply channels for raw materials to ensure price stability [2] - Other raw materials such as soybean, oil, and quail eggs are relatively stable, while konjac raw material prices are currently high but have a minimal impact on overall costs due to their smaller volume [2]

近日，有网友在社交平台发布帖子称，山姆会员商店（下称"山姆"）作为"囤货型"超市，配送常涉及大 米、油等大体积或大重量商品，配送员驾驶的电动车上挂满货物，超载情况明显，并质疑该配送方式存 在不合理的情况。也有网友呼吁，给配送员配备能安全装载更多大件货物的三轮车。 10月22日，有消息称，山姆将配备三轮车供配送员使用。那么，广州情况如何？南都记者进行了走访。 夜间9点30分左右，记者来到位于天寿路的山姆配送站，配送员正在忙着打包装箱，硕大的配送箱塞满 了各式货物。对网传的根据货物匹配三轮或四轮车的措施，副站长陈先生（化名）表示目前暂时未收到 相关通知。 据了解，该配送站主要负责五公里范围内的社区订单，日均订单量可以达到1500张以上，站内配有40多 名配送员。陈先生介绍，"日常也会出现箱子较多的订单，如果现有配送车无法满足运载的情况下，我 们会选择货拉拉等方式完成配送，确保安全完成订单。"对于网传的三轮或四轮车，陈先生表示十分支 持，"相信能够在一定程度优化配送环境，提高配送效率和服务质量。" 天寿路的山姆配送站，有配送员准备送货。 当日，记者还就此情况致电山姆会员商店，客服表示，山姆一直与各家配送合作平台携手 ...

Core Insights - The article discusses the proactive measures taken by the Shandong Province's Binzhou Development and Reform Commission in collaboration with the Market Supervision Bureau to monitor and ensure stable prices and sufficient supply of essential goods during the upcoming National Day and Mid-Autumn Festival [1][3]. Group 1: Market Monitoring and Supply - A special inspection was conducted to assess the supply of essential goods such as grains, oils, meats, eggs, dairy, vegetables, and mooncakes, as well as the pricing of hotel accommodations [3]. - The inspection revealed that the market supply is sufficient, consumer demand is strong, and there are no abnormal price fluctuations, indicating a prosperous supply-demand balance [3]. Group 2: Ongoing Price Monitoring - The Binzhou Development and Reform Commission will continue to monitor changes in prices of essential goods and restaurant accommodations during the holiday period, ensuring supply stability and price maintenance [5]. - A daily monitoring and reporting system for 50 essential consumer goods will be implemented to detect and report any emerging price issues promptly [5]. Group 3: Regulatory Actions - The commission will collaborate with market regulatory departments to combat illegal activities such as hoarding and price gouging, thereby maintaining normal market price order [6].