产品名称:海天葱姜汁料酒(调味料酒) 配料表:水, 谷物食用酒精, 黄酒, 大米, 葱, 姜, 香辛料, 食用盐, 谷氨酸钠, 焦糖色, ञ्睛度: ≥10.0%vol 生产日期见标签或盖子 产品标准号：SB/T 10416 | 保质期: 18个月 贮存条件: 常温避晒，使用后请盖上盖子。 本产品存放过程会有少量沉淀，属正常现象， 请放心使用。 8月28日，海天味业公布2025年上半年经营业绩。报告显示，公司实现营业收入152.3亿元，同比增长7.59%；归属于上市公司股东的净利润39.1亿元，同比 增长13.35%。这是海天自6月19日在港交所上市后发布的首份业绩报告。 日 7 Haday Seasoning W 国 中华老字号 China Time honored Brand 87 * 在供应链管理方面，海天严控原材料品质，并通过数字化手段推动供应链数字化转型，优化资源配置，提升柔性生产能力。2025年1月，海天高明工厂入选 世界经济论坛（WEF）发布的"灯塔工厂"名单。智能化与高效运营，不仅确保了产品的高品质，还保证了效率和成本优势，为用户提供高性价比的产品。 H7270 NDRY the state ...

核心业务持续深耕，提供全场景烹饪解决方案 按2024年销量计，公司已连续28年蝉联中国最大调味品企业，酱油、蚝油销量多年中国市场第一，调味 酱、醋、料酒亦位居中国市场前列。值得注意的是，海天酱油、海天蚝油销售额还双双位列全球首位。 2025年上半年，海天味业坚持"全场景烹饪解决方案"战略定位，在巩固酱油、蚝油、酱料三大核心品类 优势的同时，精准把握国内市场发展机遇，积极开发特色调味品，推出凉拌汁、辣鲜露、鸡精和鸡汁等 产品，一站式覆盖厨房至餐桌多场景调味需求，持续提升在细分领域的影响力。 在食醋领域，公司秉持"真材实酵"理念，充分挖掘原材料和工艺特点，创新推出"传统醋+特色醋"双线 产品策略。目前已经开发出了白米醋、黑米醋、清香米醋等米醋品类，以及苹果醋、糯米甜醋等特色 醋，并在有机醋细分赛道积极布局。 在料酒领域，公司结合市场需求与自身专业能力，推出海天古道料酒、海天古道姜葱料酒等丰富产品， 形成基础系列、有机系列、老字号系列等多系列布局，成为料酒细分市场的有力竞争者。 根据凯度消费者指数2025年最新公布数据，海天"消费者触及数"达7.54亿，较上年增长2160万，并连续 11年荣登"中国消费者十大首选品 ...

Investment Rating - The investment rating for the food and beverage industry is "Positive" and maintained [10] Core Insights - The liquor industry is undergoing adjustments, with leading brands in high-end and regional segments remaining relatively stable. The industry is currently in a phase of active destocking, with expectations of demand recovery as macroeconomic conditions improve. High-end brands such as Kweichow Moutai and Wuliangye are recommended [5][18] - The yellow wine sector is entering a new price increase cycle, with significant concentration in the market. Leading brands are collaborating strategically and expanding into new markets, particularly focusing on high-end product lines [6][19] - The mass consumer goods segment is facing pressure from the restaurant chain demand, but certain sub-sectors like dairy products and condiments show promising growth potential. The dairy sector is expected to stabilize with the introduction of child-rearing subsidies, while condiment companies are managing inventory pressures effectively [7][22][24] Summary by Sections Liquor Industry - The liquor industry is currently in a destocking phase, with a short-term impact from policy changes. However, the demand structure differs from previous cycles, and recovery is anticipated as consumer confidence improves. High-end brands are expected to perform well, with Kweichow Moutai projected to achieve a 7% revenue growth in Q2 2025 [5][18] - The yellow wine market has seen a significant increase in concentration, with the top three brands holding approximately 43% market share as of 2023. Price increases are expected for key products, with brands like Kuaijishan actively promoting high-end offerings [6][19] Mass Consumer Goods - The dairy sector is experiencing a slight decline in production, but demand is showing signs of improvement. The introduction of a national child-rearing subsidy is expected to enhance long-term demand for dairy products [7][22] - The condiment industry is managing inventory pressures better than in previous years, with leading companies expected to achieve stable growth despite short-term challenges. Key players include Haitian Flavoring and Qianhe Flavoring [24] - The beer sector is facing challenges in the on-premise consumption channel, but companies are adapting by exploring new retail channels. Qingdao Beer and Yanjing Beer are highlighted as key recommendations [25][27] Restaurant Supply Chain - The restaurant supply chain is entering a new normal with stable demand. The total revenue for the restaurant sector in the first half of 2025 reached 27,480 billion yuan, reflecting a year-on-year growth of 4.3%. Companies are seeking new channels for growth, with recommendations for Guoquan and Lihai Foods [8][28] Key Individual Stocks - Kweichow Moutai is expected to maintain a strong market position with a projected revenue of 396.5 billion yuan in Q2 2025, reflecting a 7.26% year-on-year increase [31] - Wuliangye is anticipated to outperform the industry average, with revenue and profit growth expected to remain positive [31] - Yili Group is projected to achieve a revenue growth of around 8% in Q2 2025, benefiting from a favorable inventory situation [39]

市场地位方面，弗若斯特沙利文数据显示，2024年海天以4.8%的市场份额领跑中国调味品行业，相当 于第二名的两倍多；其酱油和蚝油销量更是双双位居全球第一。海天味业在A股市场的长期优异表现， 验证了其作为稀缺优质投资标的的价值，这也是吸引国际投资者的关键因素。 6月11日，海天味业发布公告，宣布正式启动全球公开发售，预计于6月19日在香港联交所主板挂牌交 易。海天酱油作为中国调味品行业的龙头企业，此次IPO不仅创下今年迄今消费行业规模最大的港股 IPO纪录，更以豪华阵容引发市场广泛关注。 自2014年A股上市以来，海天味业的业绩表现堪称穿越经济周期的典范。十年间，其营收从98亿元增长 至269亿元，增幅达174%。即便在2024年宏观经济承压、行业竞争加剧的背景下，仍实现营收269亿 元，同比增长9.53%；净利润63.44亿元，同比增长12.75%。2025年一季度，增长态势持续，营收83.15 亿元，同比增长8.08%；净利润22.02亿元，同比增长14.77%。 产品层面，海天味业围绕全球健康消费趋势推出多款针对性产品：有机酱油、有机黄豆酱获中美欧三重 认证；针对桥本和麸质过敏人群的无麸质酱油获得SGS无 ...

2025年6月19日，海天味业以36.3港元/股登陆港交所，此次港股上市募资超101亿港元，成为年内港股 消费类IPO募资榜首。这场资本盛宴不仅刷新了市场对传统消费龙头海天酱油的认知，更以8家顶级机 构组成的"超豪华基石阵容"引发行业热议。高瓴资本、新加坡政府投资公司（GIC）、红杉中国等全球 资管巨头合计认购近47亿港元，占发行规模的50%，用真金白银投票中国调味品行业的长期价值。 海天酱油此次IPO的基石投资者名单堪称"全明星阵容"：高瓴资本通过旗下HHLR ADVISORS认购3.5亿 美元，GIC、瑞银资管、加拿大皇家银行等机构跟投，甚至出现佛山发展等地方国资平台的身影。这一 配置折射国际资本对中国消费升级趋势的坚定看好。 全球化野心，从"中国厨房"到"世界餐桌标配"。从数据上看，可以说海天酱油的全球化是必经之路！ 海天的上市是"新经济"与"老字号"融合的标杆，它证明传统行业只要拥抱创新，依然能成为资本市场的 宠儿。当一瓶酱油卖向全球，海天味业正在书写的，不仅是一个企业的成长史，更是中国消费品牌走向 世界的缩影。 一方面，国内酱油行业市场规模增长天花板显现。中国人均酱油消费量从2015年7.28kg降 ...

Core Viewpoint - The article explores the cultural significance and evolving role of Asian supermarkets in North Carolina, highlighting their function as community hubs for Asian immigrants and their growing acceptance among non-Asian consumers [6][10][11]. Group 1: Cultural Significance - Asian supermarkets serve as a "parallel space" where diverse cultural identities coexist, allowing immigrants to navigate their dual identities through food and community interactions [7][9]. - These supermarkets are not just places to buy groceries; they are vital for maintaining cultural connections and facilitating intergenerational dialogues within immigrant families [9][10]. Group 2: Market Trends - The Asian grocery sector is experiencing significant growth, with Asian/ethnic food sales in U.S. supermarkets increasing at four times the rate of overall supermarket sales from 2023 to 2024 [11]. - Major Asian supermarket chains like H Mart and 99 Ranch are expanding, with H Mart reporting that approximately 30% of its customers are non-Asian, indicating a shift in consumer demographics [11]. Group 3: Community Impact - Local Asian supermarkets, such as Li Ming Global Mart and Grand Asia Market, play a crucial role in the daily lives of immigrants, often serving as their first point of contact in a new country [12]. - The article emphasizes the emotional connection that immigrants have with these supermarkets, as they provide a sense of belonging and familiarity in an unfamiliar environment [13].

最近海天酱油赴港上市，吸引了20万人参与打新，获得超918倍的认购，可谓是非常火热，吸引了很多 人参与。 但是谁能想到，上市当天股价直接破发了，股价表现不佳，让不少参与打新的人直呼："一顿操作猛如 虎，一口汤都没喝到，真的是来打了个酱油。" 海天是酱油中的龙头，曾经备受消费者青睐，但是如今却是业绩不断下降，顾客越来越少，就连厨师们 也在减少酱油的用量了。 为何大家不再像以前那样热衷购买海天酱油？其实这背后有4个原因很现实，也很扎心，咱们一起来看 看吧。 1、配方改变，口味下降 海天酱油曾经以其醇厚的口感和稳定的品质赢得了广大消费者的信任，近年来，不少消费者都发现了， 海天的酱油味道"变淡了""没有以前香了"。 这一变化背后，与调整配方有关，在市场竞争加剧的背景下，企业为了降低成本会对产品配方进行调 整，从而能够提高利润。 但是这种做法却未能充分考虑消费者的接受度，最终适得其反，导致客户了的流失，许多消费者表示， 过去的海天酱油鲜味浓郁，适合烹饪各种菜肴，但现在的产品风味大不如前。 2、 为了提高利润，使用廉价原材料 企业的核心目标是盈利，但在追求利润最大化的过程中，如果过度压缩成本，可能会牺牲产品质量。 近年 ...

6月19日，调味品龙头企业海天味业（03288.HK）在港交所挂牌上市，开盘报37.5港元/股，较发行价 36.3港元/股涨3.3%。但随后股价回落跌破发行价，截至记者10：35发稿，报36.150港元/股，跌0.41%。 | 海天味业 | | | --- | --- | | HK3288 HK AH | | | 38.000 市值2111.0亿 量比 30.48 36.150 | | | 36.150 流通 100.87亿 换 -0.150 -0.41% # | 18.27% | | 37.500 市盈™ 30.17 额 | 19.24亿 | | 39.07 -2.88% H/A溢价率 -15.42% | 溢价分析 | | 异动解读:今日上市。海天味业港股今日上 ... ● × | | | 分时 日K 周K 月K 五日 更多▼ | | | 均价:37.746 最新:36.150 -0.150 -0.413% | | | 38.000 +4.68% 卖1 36.200 36.56万 | | | 买1 36.150 6.77万 | | | 日日 2日 36.300 - - | | | 500 | | | 10: ...

Group 1 - The food and beverage industry outperformed the CSI 300 index from January to May 2025, with a decline of 1.52%, surpassing the index by approximately 0.89 percentage points [6][15][16] - The industry valuation has decreased, with a current PE (TTM) of about 21 times, below the five-year average of 34 times [20][24] - Positive consumer policy signals have been established, with significant government initiatives aimed at boosting consumption and expanding domestic demand [24][27] Group 2 - The liquor sector is experiencing weak demand and internal differentiation, with a notable decline in sales during the Dragon Boat Festival [28] - Liquor companies are controlling supply to maintain prices, with several major brands implementing stock control measures [29][31] - Companies like Kweichow Moutai and Wuliangye are engaging in share buybacks to boost market confidence [34][36] Group 3 - The beer sector is showing stable performance with expectations for marginal improvement in 2025, driven by a recovery in demand [4][14] - The condiment sector is anticipated to benefit from the recovery in the restaurant industry, leading to increased demand for condiments [5][18] - The dairy sector is expected to see improved supply-demand dynamics due to favorable fertility policies [22][24] Group 4 - The snack sector is experiencing steady growth, with a focus on multi-channel penetration to enhance brand influence [25][27] - The overall performance of the snack sector is mixed, with some brands outperforming others [27][45]

转自：海天味业 【新华企业资讯6月3日】当传统龙船赛的鼓点撞上百年老字号的品牌基因，一场关于城市与企业的双向奔赴正在广东佛山上演。 5月31日，万众瞩目的2025中国（佛山）叠滘龙船漂移大赛正式拉开帷幕。25米长的龙船在平均宽度只有6米的狭窄河道上竞速，热血沸腾了整个佛山。 作为赛事总冠名，佛山本土龙头企业海天以端午"顶流"龙船为突破口，以全民"文化共创"为路径，将品牌营销与地方文旅深度融合，刷新了企业营销的传统 范式，更开创了产城融合发展的全新可能。 海天何以深涉此间？作为一家拥有400年历史的企业，海天受佛山深厚的历史文化底蕴滋养，从独特的酱园文化中诞生，也深深扎根在这片制造业沃土。用 一瓶酱油激活佛山文旅产业，海天实现了生于斯、长于斯、反哺于斯的完美闭环。 龙船与品牌的激情碰撞：传统赛事中的现代商业叙事 盛夏的佛山叠滘，空气中弥漫着湿热的气息，却丝毫挡不住人们的热情。这股热情源于一场精彩的赛事，更承载着千年龙舟文化走向世界的厚重使命。 5月31日中午，叠滘河道两岸早已人潮涌动。人群中，白发苍苍的老者摇着蒲扇，向身旁的外国友人讲述着龙船赛"龙行四海"的传说；有家长抱着孩子，兴 奋地讲解着龙船竞渡蕴含的团结 ...