Group 1 - The "2025 Shandong Vibrant Summer Consumption Season" event in Yantai has attracted over 137,000 visitors and generated sales exceeding 718,000 yuan within the first three days [1] - Yantai Xi Wang Food Co., Ltd. has seen significant success at the event, selling 2,000 to 3,000 grilled sausages daily, with sales figures comparable to a week's worth of revenue for their chain stores [3][4] - The event has provided a platform for local businesses to promote their brands, with Yantai's "Duo Ba" dumplings selling over 2,500 units on the second day and generating around 12,000 yuan in daily sales [4] Group 2 - Shandong Yutai Food Co., Ltd. showcased popular dried seafood products and local specialties, achieving daily sales of approximately 10,000 yuan, with fresh apple juice and grilled fish slices being particularly well-received [4] - The summer consumption season is set to continue with various entertainment activities, including live performances, enhancing the overall experience for visitors and promoting local culture [4]

进入夏季，各地夜经济激发消费活力，夜市、夜购、夜娱、夜游、夜秀等业态红红火火。全联并购公会 信用管理委员会专家安光勇在接受《证券日报》记者采访时表示："培育发展夜经济，是全方位扩大国 内需求、增强人们获得感的重要抓手之一。在政策的支持下，夜经济蓬勃发展，今年夏季多地呈现出许 多新亮点，包括夜间文化和艺术活动增加、夜间公交提升夜经济的便利性等。" 多地出台措施支持夜经济 本报记者 丁蓉 7月3日傍晚，深圳布吉长龙夜市"烟火气"正浓。《证券日报》记者现场探访时看到，各种色香味俱全的 小吃吸引了大量市民和游客。开了20多年的"肥姨番薯粥"、街边不起眼的"潮汕鱼粥"、地道的"大埔腌 面"，在这里都能吃到。 上市公司积极参与 零售、食品、文旅、设备制造等领域的上市公司，积极参与夜经济，创新场景、更新产品和服务，不断 丰富夜经济消费"菜单"。 各地零售企业是拓展新消费场景的重要主体。合肥百货大楼集团股份有限公司聚焦夜经济、广场经济， 开展"龙虾啤酒节""龙虾电音节""千乡万品赶大集"等特色市集营销活动60余场。武商集团股份有限公司 结合节假日、热点IP打造主题展览、夜间经济等，增强客户到店驱动力。银川新华百货商业集团股份 ...

当"烟火气"与城市秩序碰撞，深圳地摊经济发展正面临严峻考验。两年前(2023年)新修订的《深圳经济 特区市容和环境卫生管理条例》(以下简称《条例》)首次明确允许划定摊贩经营场所，标志着地摊经济 从"全面禁止"转向"有条件放开"。 两年后，南都·奥一新闻记者在走访中发现，摊贩经营场所具体划定标准和管理细则仍在探索中。事实 上，基层不但面临选址和管理难题，更因为流动摊贩占道经营、油烟噪音污染等问题陷入民生投诉的两 难境地。 如何破解这道难题，精准把握政策与现实的平衡点，让政策惠及更多市民?南都·奥一网"走好新时代网 上群众路线大调研——与城市对话"栏目聚焦深圳地摊经济发展和基层治理的问题，邀请人大代表、政 协委员、专业人士为打好这场"突围战"建言献策。 食材暴露在外，食安问题引担忧 走访 罗湖是深圳最早发展的区域之一，人口居住密度大，生活氛围浓厚。记者近日走访罗湖发现，在一处由 学校前往地铁站的沿途，有不少摊贩摆卖，不时有市民、学生上前购买小吃。 3元一根的烤肠，5元一盒的锅巴土豆，10元一盒的炒米粉，流动摊贩集中摆摊，给城市居民便利与实 惠，但也带来油烟污染、环境卫生脏乱等问题，持续引发周边居民的投诉。另一方面 ...

聚焦C 端升级，差异化破局。今年以来，公司积极拥抱商超调改等新零售渠道，从渠道驱动变为新品 +渠道双轮驱动。同时产品端持续推新：1）烤肠：针对C 端推出4 款单品储备+组合装产品，满足消费 者多样化需求的同时进一步拓展市场份额；2）面点：新增6 特色产品，通过打造系列感、时尚感和简 约风格，吸引消费者，迎合年轻人的购物习惯。3）火锅料：聚焦创新，"嫩鱼丸"升级为"活鱼现杀嫩鱼 丸"，放大公司上游原料优势。4）锁鲜装6.0 产品预计下半年上市。 盈利预测：完善产能布局，渠道端兼顾BC，在餐饮、流通、商超、电商、新零售等全渠道发力，实现 2B、2C 合理均衡发展，为后续增长积蓄力量。同时与鼎味泰签订股份收购协议，标志着公司从速冻龙 头向餐桌解决方案的跃迁，深海鳕鱼与锁鲜装锚定高端餐饮，冷冻面团卡位烘焙赛道，以冷链网络和B 端客户资源串起协同效应，同时加速国际化及海外渠道布局。预计公司25-27 年实现营业收入 160.29/173.25/190.70 亿元；实现归母净利润15.33/16.45/18.12 亿元。PE 分别为15.06/14.04/12.74x，维 持"强烈推荐"评级。 风险提示：宏观经济下行风险 ...

产品上线首日，创下"门店排长龙、产品售罄"的盛况，网友在线"求全国上架"。 这是什么跨界新玩法？ 喜茶开卖"可颂挞"，大排长龙，网友：快全国上线 喜茶开始卖 "挞" 了！ 最近，喜茶在深圳欢乐海岸lab店上线"糯糯可颂挞"系列，融入芋泥波波牛乳、芒芒甘露等人气饮品，定价 25～35 元/个。 "可以吃的喜茶"最近被抢疯了。 6月20日，喜茶在深圳欢乐海岸lab店上新"糯糯可颂挞系列"产品：爆芋泥糯糯可颂挞、芒芒甘露糯糯可颂挞、黑糖波波糯糯可颂挞、绿妍苦抹糯糯可颂 挞、爆榴莲糯糯可颂挞。 将人气茶饮作为灵感来源，售价25～35元/个，一上线就热卖。 比如，爆芋泥糯糯可颂挞复刻"芋泥波波牛乳"的配方，以焦香酥脆的挞皮搭配喜茶独家定制荔浦芋泥；芒芒甘露糯糯可颂挞则源自喜茶最经典的产品芒芒 甘露，选用当季芒果每日鲜切进行点缀，还原饮品层次感。 来自小红书博主@Secret. 同封面、首图一起，已获授权 从原料到工艺，喜茶把"品质"刻进产品DNA。据介绍，可颂挞使用法国进口面粉制作挞壳，5个小时慢焙起酥，即使冷吃也酥脆可口，加入会拉丝的糯糯 形成独特口感。 值得一提的是，可颂挞巴掌大的尺寸支持独食或分食，满足多元场景需 ...

Core Viewpoint - The company is preparing for an IPO with a strong market position in the frozen food industry, but faces challenges such as slowing growth in its prepared food segment and increased competition leading to price pressures [1][11][16]. Financial Situation Revenue - The company has shown steady revenue growth over the past three fiscal years, with revenues of 12.2 billion, 14 billion, and 15.1 billion, and a projected growth of 7.7% in 2024 [1]. - The frozen prepared food segment generated 7.8 billion in revenue, growing by 11.4%, driven by the success of the "fresh-lock" series and new product launches [1]. - The frozen dish segment generated 4.3 billion, with a growth rate of 10.76%, although the growth was impacted by inventory adjustments in the crayfish category [2]. Profit and Gross Margin - The company's net profit growth has slowed, recording 1.1 billion, 1.48 billion, and 1.49 billion, primarily due to the deceleration in prepared food growth and increased costs [4]. - The gross margin slightly increased to 23.30% in 2024, while the net margin decreased to 10.01% due to rising management and promotional expenses [4]. Company Advantages Market Position - The company holds a leading market share in the frozen food industry at 6.6%, significantly higher than its closest competitor [5]. - In the frozen hot pot ingredient segment, it commands a market share of 12.7%, which is four times that of the second player [5]. Distribution Network - The company has a robust distribution network with 2,069 distributors, covering various channels including supermarkets, restaurants, and e-commerce platforms [7]. Supply Chain and Cost Control - The company operates 13 production bases and maintains lower logistics costs compared to industry averages, enhancing supply chain stability [8]. International Expansion - The company is pursuing international growth, particularly in Southeast Asia, with plans to establish production bases in Vietnam by 2026 [9][10]. Challenges Price Competition - The frozen food industry is experiencing intensified price competition, leading to a decline in product prices and pressure on profit margins [11][12]. Distributor Stability - The company has seen a high turnover rate among distributors, which could impact future revenue growth, especially in lower-tier cities [13][14]. Prepared Food Segment Struggles - The prepared food segment is facing declining growth rates, with crayfish prices dropping significantly, affecting profitability [14][15]. Slow Overseas Expansion - Currently, overseas revenue accounts for only 1% of total revenue, indicating slow progress in international markets [15]. Executive Compensation Concerns - There are concerns regarding rising executive compensation amidst stagnant profit growth, leading to shareholder dissatisfaction [16].

Core Viewpoint - The chicken and processed food industry is undergoing significant structural changes driven by consumer upgrades and technological advancements, with Chunxue Food Group planning to transform from a traditional chicken processing company to a comprehensive food enterprise by 2030, targeting a revenue of 10 billion yuan [2][3]. Strategic Development - Chunxue Food is implementing three major strategies: "Big Food," "AI+," and "Globalization" to drive future growth, with a clear goal of achieving 10 billion yuan in revenue by 2030 [2][3]. - The "Big Food" strategy involves expanding beyond chicken products, with plans to add six new production lines for processed foods within two years, aiming for an annual capacity of 200,000 tons [3]. - The company is also entering the sausage market, launching ten new sausage products and targeting a production and sales goal of 100,000 tons within five years [3]. - Chunxue Food is extending its reach into the seafood sector, successfully entering the Japanese market and expanding into Europe [3]. Technological Empowerment - The "AI+" strategy focuses on digital transformation through the integration of big data, artificial intelligence, and the Internet of Things, enhancing operational efficiency and consumer engagement [3]. - The company is developing a "full-link digital operation hub" for wholesalers, equipped with an "AI business assistant" to analyze consumer feedback and recommend sales strategies [3]. Global Expansion - The globalization strategy aims to enhance growth opportunities by establishing regional centers in China to improve marketing capabilities and accelerate brand internationalization, particularly in Europe and Southeast Asia [4]. - The company is focusing on understanding consumer needs and building a more efficient supply chain to support its strategic transformation [4]. Product Strategy - Chunxue Food is collaborating with strategic partners to innovate and create a competitive product matrix, launching 41 new products across seven series to meet evolving consumer demands [6]. - The new product offerings include "antibiotic-free" and "light lifestyle" series, targeting health-conscious consumers, as well as products designed for younger demographics [6]. - The company is also providing standardized and efficient solutions for B2B clients in the restaurant sector [6]. Market Expansion - Chunxue Food plans to expand its market coverage from 11 provinces and 31 cities to 24 provinces and 136 cities, increasing the number of wholesalers from 243 to 400 [6]. - The company aims to operate with a focus on prefecture-level cities, enhancing collaboration with wholesalers to penetrate the market effectively [6].

以下文章来源于财经天下WEEKLY ，作者财经天下 财经天下WEEKLY . 《财经天下》周刊官方账号，提供有品质的深度报道，讲述中国企业在时代浪潮中的精彩故事。 但门店越开越多的山姆， 文 ｜ 易浠 编辑 ｜ 吴跃 来源｜ 财经天下WEEKLY（ID:cjtxweekly） 封面来源 ｜ 视觉中国 中产扛起了沃尔玛在中国的增长。6月18日，中国连锁经营协会发布的数据显示：沃尔玛(中国)2024年实现销售额1588.45亿元， 同比增长19.6%，但门店数量却同比下滑8.5%。沃尔玛门店数量减少30多家收入却大幅增长的功劳主要在于山姆。 2024年 ，面向中产的山姆贡献了沃尔玛中国三分之二的业绩，销售额突破了1000亿元。今年4月，沃尔玛中国总裁兼CEO朱晓静 透露，中国有8家山姆会员店单店销售突破5亿美元(约合人民币36.7亿元)大关。而2023年，该数据为3家。 山姆正加速在中国跑马圈地。2024年，山姆在中国新开6家门店，覆盖温州、绍兴、泉州等地，门店总数为52家。今年上半年， 山姆又新开4家店，预计年底门店数将突破60家。 但在社交媒体平台上，最近山姆翻车的帖子越来越多，坚果吃出虫子、牛奶喝出异物…… ...

华商韬略出品 丨 ID：hstl8888 1996年，16岁的谢霆锋背负"星二代"光环出道，却在嘘声中开启职业生涯。 彼时无人料到，这位在舞台上摔吉他的摇滚少年，会在未来以演艺明星、创业家的双重身份， 为香港娱乐和商业撑起新—代的颜面。 以下文章来源于华商韬略 ，作者华商韬略 华商韬略 . 聚焦标杆与热点、解构趋势与韬略 作 者 丨 金玉 2025年4月末，时隔20年，谢霆锋重启演唱会，舞台无华服、无嘉宾、无安可，却用一首首经 典曲目唤醒一代人的青春。 这场"三无"演唱会，恰似他跨界事业生涯的隐喻：忠于自我，做到极致。 01 锋味 2011年，谢霆锋悄然走进厨房。 他记得这样一幕，有一天在香港的家中，一家四口罕见团聚。晚饭前，妹妹谢婷婷等大家落座 后，轻声说出一句："爸爸吃饭，妈妈吃饭，哥哥吃饭。" 几秒后，她看向谢霆锋说："你知不知道，我已经十三年没说过这句话了？" 忠于自我，做到极致。 谢霆锋当场愣住。 后来在接受采访时，他说："那一刻我觉得自己很失败。我管理着几家公司，不算很厉害，但也 有一百多名员工；曾有自己的小家，两个儿子，结婚又离婚；但十三年来，我竟然没能和爸 妈、妹妹，全家人坐下来好好吃顿饭。" ...

证券研究报告：食品饮料|公司点评报告 发布时间：2025-05-27 股票投资评级 买入|维持 个股表现 -27% -23% -19% -15% -11% -7% -3% 1% 5% 9% 2024-05 2024-08 2024-10 2024-12 2025-03 2025-05 安井食品 食品饮料 资料来源：聚源，中邮证券研究所 公司基本情况 | 最新收盘价（元） | 83.86 | | --- | --- | | 总股本/流通股本（亿股）2.93 / 2.93 | | | 总市值/流通市值（亿元）246 / 246 | | | 52 周内最高/最低价 | 102.97 / 68.93 | | 资产负债率(%) | 23.6% | | 市盈率 | 16.51 | | 第一大股东 | 福建国力民生科技发展 | | 有限公司 | | 研究所 分析师:蔡雪昱 SAC 登记编号:S1340522070001 Email:caixueyu@cnpsec.com 分析师:杨逸文 SAC 登记编号:S1340522120002 Email:yangyiwen@cnpsec.com 安井食品(603345) 战略转向新 ...