2026 年 03 月 03 日 开源晨会 0303 ——晨会纪要 沪深300 及创业板指数近1年走势 数据来源：聚源 -40% -20% 0% 20% 40% 60% 2025-03 2025-07 2025-11 沪深300 创业板指 昨日涨跌幅前五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 石油石化 | 7.955 | | 煤炭 | 3.772 | | 有色金属 | 3.168 | | 国防军工 | 2.465 | | 通信 | 1.879 | | 数据来源：聚源 | | 昨日涨跌幅后五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 传媒 | -3.983 | | 计算机 | -2.882 | | 社会服务 | -2.676 | | 美容护理 | -2.443 | | 商贸零售 | -2.409 | | 数据来源：聚源 | | | wumengdi@kysec.cn | | --- | | 证书编号：S0790521070001 | | 观点精粹 | | 总量视角 | | 【宏观经济】提质增效，科技突围——2026 年春季宏观展望-20260302 ...

格隆汇2月12日丨涪陵榨菜(002507.SZ)在投资者互动平台表示，公司产品目前远销86个国家和地区。 ...

Core Viewpoint - Fuling Zhacai is focusing on international market expansion, with a steady but small growth in overseas markets, primarily in the US, Japan, Canada, Europe, and Southeast Asia [1] Group 1: International Market Strategy - The company has an established international division dedicated to overseas market development, which has shown continuous slight growth in recent years [1] - The current overseas market base remains small, indicating potential for future expansion [1] Group 2: Market Competition and Pricing Strategy - Fuling Zhacai acknowledges that the industry is highly competitive, with ongoing price wars being a common occurrence [1] - The company emphasizes a "premium strategy" post-intelligent transformation, focusing on product quality and brand strength to attract consumers, rather than engaging in low-price competition [1] Group 3: Supply Chain and Quality Control - Fluctuations in raw material prices will impact market competition, prompting the company to enhance its raw material storage capacity and stabilize price volatility [1] - The company plans to accelerate the construction of intelligent bases to lead the industry forward and move away from low-price competition [1]

Core Viewpoint - Fuling Zhacai emphasizes its commitment to a "premium strategy" in a highly competitive market, focusing on product quality and brand strength rather than engaging in price competition [1] Industry Summary - The industry is characterized by persistent low-price competition, which is influenced by fluctuations in agricultural raw material prices [1] - The company plans to increase its cellar capacity to enhance raw material storage capabilities, aiming to stabilize raw material price fluctuations and strengthen quality control [1] - The company is accelerating the construction of intelligent bases to lead the industry forward and move away from low-price competition [1]

Core Viewpoint - Fuling Zhacai emphasizes that all its products comply with national food safety regulations, allowing consumers to choose based on their taste preferences [1] Group 1 - The company plans to continuously upgrade and optimize its products according to market demand [1] - Fuling Zhacai aims to meet consumers' needs for health, diversity, convenience, and sophistication in their consumption [1]

Core Viewpoint - Fuling Zhacai is focusing on expanding its product matrix and channels for overseas markets as a strategy to navigate the current competitive landscape [1] Group 1: Product Strategy - The company plans to increase its multi-category layout to enhance product offerings [1] - There is an emphasis on developing a diverse range of products to meet varying consumer demands [1] Group 2: Market Expansion - Fuling Zhacai aims to continuously explore and develop overseas markets to drive sales [1] - The strategy includes promoting product sales both domestically and internationally, as well as through online and offline channels [1]