Group 1 - The Beijing Consumer Association (BCA) has handled a total of 930,400 consumer complaints since the last council was established, recovering economic losses of 260 million yuan for consumers [1] - BCA has upgraded the 96315 hotline service system, achieving a daily registration volume of over 425 cases across five lines, significantly shortening the complaint processing time [1] - BCA has introduced a dual-track service model combining "instant consultation + professional guidance" by having legal professionals on-site to strengthen consumer rights protection [1] Group 2 - BCA has conducted nearly 100 comparative tests in key consumer areas, covering over 6,000 brands, which have influenced the formulation or improvement of related product standards [2] - BCA organized 57 special investigations on prominent consumer issues, producing reports that aid in the drafting of regulations such as the "Single-Use Prepaid Card Management Regulations" [2] - In collaboration with the Beijing-Tianjin-Hebei region, BCA has established cooperative mechanisms, handling over 2.65 million consumer complaints and conducting more than 170 comparative tests [2] Group 3 - BCA has set up consumer rights protection workstations in major shopping malls, scenic spots, and communities, enhancing accessibility for consumers to seek redress [3] - Over 1,600 enterprises have signed the "Integrity Service Commitment," promoting industry self-discipline and improving consumer satisfaction [3] - BCA plans to leverage the recent council re-election to enhance rights protection effectiveness, aiming to create a world-class consumer environment in the capital [3]

Group 1 - The Beijing Consumer Association has established a comprehensive service system that has handled 930,400 consumer complaints since the last council was formed in 2017, recovering economic losses of 260 million yuan for consumers [1] - The 96315 hotline service system has been upgraded, with an average daily registration of over 425 complaints across five lines, significantly reducing complaint handling time through a closed-loop mechanism [1] - A new "green channel" for consumer dispute resolution has been launched, allowing companies to autonomously resolve nearly 20,000 complaints in 2024 with a resolution rate of 94%, thereby reducing the time and effort required for consumers to protect their rights [1] Group 2 - The Beijing Consumer Association has conducted nearly 100 comparative tests in key consumer areas, covering over 6,000 brands, which have influenced the formulation or improvement of product standards [2] - A total of 57 special investigations have been organized to address prominent issues in the consumer sector, providing references for drafting regulations such as the "Single-Use Prepaid Card Management Regulations" and the "Beijing Tourism Regulations" [2] - Consumer rights protection networks have been established across large shopping malls, tourist attractions, and communities, enhancing accessibility to consumer rights services [2]

Core Viewpoint - The Huangshi Market Supervision Administration has conducted a food safety inspection, revealing that out of 624 food samples tested, 613 passed while 11 were found to be non-compliant, highlighting ongoing food safety concerns in the region [3][4]. Summary by Categories Inspection Results - A total of 624 food samples were tested, covering 21 categories including grain products, edible oils, pastries, alcoholic beverages, meat products, beverages, condiments, tea, eggs, dairy, vegetable products, frozen foods, canned goods, aquatic products, starch, honey, fruit products, convenience foods, catering foods, and agricultural products [3]. - Of the 624 samples, 613 were compliant, resulting in a compliance rate of approximately 98.24% [4]. Non-compliance Details - The 11 non-compliant samples included: - 1 batch of condiments with excessive sulfur dioxide residue - 3 batches of vegetable products with violations related to lemon yellow, benzoic acid, and sorbic acid - 2 batches of agricultural products with pesticide residues (thiamethoxam and enrofloxacin) - 5 batches of catering foods with issues related to anionic synthetic detergents, sodium saccharin, sweeteners, and coliform bacteria [4][5]. Follow-up Actions - The Huangshi Market Supervision Administration has mandated immediate investigation and handling of the non-compliant products, including actions such as removal from shelves, recalls, and sales suspensions, along with further legal investigations [5].

中金研究 1H25消费需求低位企稳，在整体消费信心偏弱背景下食饮消费不乏结构性亮点，满足年轻人悦己需求及高质价比产品表现突出。展望下半年，在国家 持续出台相关政策拉动内需、提振消费、鼓励生育的背景下，我们认为食饮板块需求有望边际企稳改善。分板块看大众食品基本面自3月起边际改善， 下半年基本面有望稳中改善，我们预计新消费标的延续相对高成长，辣味零食、健康饮品、气泡黄酒等新消费趋势景气度有望保持，带动板块估值抬 升，看好休闲零食、软饮料等子板块下半年表现。白酒受宏观经济及政策影响出现板块性估值回调，基本面处于筑底阶段，虽下半年白酒基本面或仍 有所承压，但估值已基本反映悲观预期，配置价值渐显。 点击小程序查看报告原文 Abstract 摘要 大众食品：预计新消费趋势延续，关注高景气赛道龙头。 展望2025年下半年，我们预计大众食品板块需求有望稳中向上，并预计具备新消费属性的子赛 道如休闲零食中魔芋等品类、软饮料中无糖茶、电解质水、椰子水等健康品类有望保持创新活力，通过持续抓取新消费趋势延续较高景气度。子板块方面 我们优先推荐软饮料、休闲零食，建议关注估值处于低位的乳制品、啤酒板块。长期看，行业结构性增长机会仍存，悦 ...

前一段时间有一个方便面品牌，在包装上印上"多半"标识，有好事者看了一下重量，确实比普通款要重 一些，但也没重到多一半的程度。印上去的不过是个商标。2018年，商家推出"多半袋"回馈消费者，加 量不加价。当时的回馈之举，如今成为企业宣传的文字游戏。该品牌平日里给人印象是物美价廉，此举 令品牌形象受损。 还有很多商标打起了擦边，山里来的土鸡蛋，"山里来的土"是商标；壹号土猪，"壹号土"是商标；德子 土鸡，"德子土"是商标；120W充电头，"120W"是商标；百分百椰汁，"百分百"是品牌。 消费者以为买到的商品，和商家提供的商品，可能不是一个商品。消费者如果要追责，商家可以用商标 名称来应对，似乎可以规避自家责任。如果只是广告呈现，商家确实可以逃脱责任。比如方便面广告看 着很诱人，里面有肉眼可见的大颗粒肉块，但实际上小得可怜。住宅样板间装修漂亮，工作人员会告知 只是产品展示，非真实交付。 商家通过注册一些容易产生误解的商标来误导消费者，增加了消费者辨识成本，把精力用在这方面的企 业，显得颇为聪明，但长期来看会丢掉消费者的信任。 超市里调味品区域，瓶子表面很多有"0"或者"零添加"标识。前些年酱油闹出添加剂风波，大意 ...

四川天味食品集团股份有限公司（以下简称"公司"）2024 年员工持股计划 （以下简称"本员工持股计划"）第一个锁定期已于 2025 年 7 月 8 日届满，根 据中国证监会《关于上市公司实施员工持股计划试点的指导意见》以及《上海证 券交易所上市公司自律监管指引第 1 号——规范运作》等相关规定，现将本员工 持股计划第一个锁定期届满及解锁情况公告如下： 一、本员工持股计划的实施进展 证券代码：603317 证券简称：天味食品 公告编号：2025-070 四川天味食品集团股份有限公司 关于 2024 年员工持股计划第一个锁定期届满暨 解锁条件成就的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 第二十八次会议，并于2024年4月19日召开2023年年度股东大会，审议通过《关于 <公司2024年员工持股计划 草案="草案"> 及其摘要的议案》《关于 <公司2024年员工持> 股计划管理办法>的议案》及《关于提请股东大会授权董事会办理公司2024年员工 持股计划有关事项的议案》，同意公司实施2024年员工持股计划。 第三十次 ...

Overall Summary - The offline retail consumption situation for Q2 2025 shows a general decline in sales across major categories such as food, beverages, alcohol, and daily chemicals, although the rate of decline has narrowed compared to previous quarters [2][4][6]. Group 1: Retail Performance Overview - The analysis is based on data from the "Shangma Ying Brand CT," which monitors offline retail across various city levels and includes over 30,000 brands and 14 million product barcodes [2]. - The overall sales revenue for Q2 2025 is down approximately 7% year-on-year, with a better performance in order volume compared to average spending, indicating consumer pressure on budgets and prices [4][6]. - The price index for food, beverages, alcohol, and daily chemicals shows a gradual recovery, but remains under pressure, with most categories below the baseline index of 100 [4][6]. Group 2: Key Category Insights - In the food category, frozen products like frozen sausages have shown significant market share growth, while dairy products are stabilizing after previous declines [13][22]. - The beverage category has seen strong growth in sports and plant-based drinks, with some products exceeding 30% year-on-year growth, although the overall market remains competitive [17][29]. - The snack category is experiencing a decline in market share due to health trends and new retail formats, with significant drops in sales for various subcategories [14][22]. Group 3: Consumer Behavior and Trends - The average spending per order has increased for certain categories like ready-to-drink juices and plant-based beverages, indicating a shift in consumer preferences towards higher-quality products [34][35]. - The average purchase quantity per order has decreased across all selected categories, suggesting a trend towards larger packaging or a focus on value [40]. - The competitive landscape is intensifying, particularly in the frozen food and beverage sectors, with numerous brands vying for market share [46][47].

金乡县依托大蒜产业全链条优势，积极申报纳入省 "十五五"农业农村规划，奋力争创国家级调味品生 产加工基地，三方面实力凸显建设基础： 三、行业权威认证体系完备，激活生态升级"新动能"。与山东省调味品协会建立战略协作，2025年6月 获授"香辛料优质原材料基地""山东省调味品协会副会长单位"称号，山东格瑞食品、宏万年食品等4家 企业获评调味品优质企业，鑫诺食品获授协会副会长单位，实现从原料端到制造端全链条品质认证。依 托"五大中心"产业生态，金乡正加速构建全国调味品产业高质量发展标杆区。（雷国伟） 二、专业园区载体能级强劲，打造产业集聚 "新高地"。济宁市食品工业经济技术开发区（金乡食品产 业园）规划面积 11 平方公里，为全国最大专业食品园区，推行"统一废水处理、统一热源供应、统一外 贸服务"集约化服务模式。已入驻世界500强奥兰集团、稻香村等82家企业，形成复合调味品、功能健康 食品等四大产业集群，培育国家级高新技术企业24家、省级龙头企业13家，2024年入选山东省支柱型产 业雁阵集群，产业规模与竞争力居全省前列。 一、种植仓储优势全国领先，构筑原料供应 "压舱石"。常年种植大蒜 70 万亩，带动周边种植2 ...

Group 1: Economic Development and Investment - The major project by Jinxiang Sairui Chemical Co., with a total investment of 5 billion yuan, aims to solidify the company's leading position in the global melamine industry and boost the local economy [1] - In 2024, the added value of the private economy in Meishan is expected to exceed 100 billion yuan, reaching 117.037 billion yuan, accounting for 61.9% of the GDP, becoming a core engine for regional economic transformation [1][6] - The private economy in Meishan achieved an added value of 27.2 billion yuan in Q1 2025, growing by 8.0%, contributing 4.9 percentage points to GDP growth [6] Group 2: Policy Support and Financial Innovation - Meishan has introduced a series of policies to empower private enterprises, including a comprehensive policy system to optimize the business environment and a "one-stop" service mechanism for enterprises [2][3] - The "Tax and Electricity Index Loan" product has provided credit of 4.518 billion yuan to 1,042 private enterprises, with loan disbursements reaching 2.775 billion yuan [3] - The city has implemented various measures to ensure that policy benefits reach enterprises, including a special fund of over 114 million yuan for key industries and intelligent manufacturing upgrades [3] Group 3: Innovation and Technology Development - Meishan Boya New Materials Co. has invested over 80 million yuan in R&D over the past three years, obtaining 108 patents, including 29 international patents [4][5] - The company is a leading global producer of LYSO scintillation crystals, holding 82.2% of the domestic market and over 30% of the global market share [4] Group 4: Business Environment and Cost Reduction - Meishan has streamlined administrative processes, reducing project approval times by over 40%, and has implemented various cost-reduction measures, saving enterprises over 2 billion yuan in electricity costs [7][8] - The city has also reduced the bidding guarantee for government investment projects and implemented electronic bidding to further lower costs for enterprises [8]

| | ■特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 深圳辰锋科技创业投资有限公司、中财招商投资集团有限公司、葡萄牙商业 | | | 银行股份有限公司广州代表处、招商证券股份有限公司 | | 时间 | 2025 年 7 月 2 日 14:00-15:00 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书吴小霜女士 | | 员姓名 | 证券事务代表 谢海桐女士 | | 投资者关系活动 | 交流主要内容包括： | | | 董事会秘书介绍了公司发展历史、公司经营模式及公司主营业务等情况，并进 | | | 行交流。 | | | 1、公司产品品类未来的增速和发展空间？ | | | 【回复】公司将在继续提升原有主要产品品类销量的基础上，积极推动新型 | | 主要内容介绍 | 拉环盖和调味品盖、应用于其他领域的包装产品等产品品类的拓展。 | | | 在上市之前，公司主要生产包装饮用水的瓶盖，品类较少，通过并购翔 | | | 兆科技和开拓新 ...