8月26日，西王食品发布2025年半年报。当中披露，2025年上半年，公司实现营业收入21.18亿元，同比 下降15.82%；净亏损1857.03万元，同比转亏。 公告指出，报告期内，营业收入下滑的主要原因是公司以利润为导向从而减少了低毛利产品的销售，以 及体重管理品类竞争态势变化影响；毛利率下滑的原因为主要原料成本上涨所致。植物油业务公司推出 新的产品策略方案、完成品牌焕新及产品升级上市，据不完全统计，报告期内终端客户出货量高于公司 发货量。运动营养板块公司将继续扩大创新平台，拓展新型产品形态，并开发以科学为基础、聚焦表 现、代谢和健康长效的营养解决方案。 （企业公告） ...

智通财经APP获悉，总部位于香港的运动营养产品分销商Fitness Fanatics(FIT.US)于周一向美国证券交易 委员会(SEC)提交申请，计划通过首次公开募股(IPO)募资至多900万美元。该公司拟发行200万股股票 (其中30%为二次发售股份)，发行价区间定为4至5美元。按发行价区间中值计算，市值将达1.43亿美 元。 这家香港企业成立于2016年，在截至2024年12月31日的12个月内实现营收1900万美元。公司计划在纳斯 达克上市，股票代码为"FIT"。Fitness Fanatics于2025年5月2日秘密递表，本次IPO由Bancroft Capital独 家担任账簿管理人。 Fitness Fanatics主要在香港、中国内地及马来西亚分销和销售运动营养产品，销售渠道广泛多元，涵盖 健身房、超市、便利店、会员制仓储店、专业专卖店、电商平台及在线市场等。截至2024年12月31日， 公司已拥有超过1000个销售点。 ...

Investment Rating - The report maintains an "Accumulate" rating for the industry [1] Core Insights - The North Exchange has shown fluctuating performance, with a total of 268 listed companies and an industry market capitalization of 858.43 billion [1][4] - The North Exchange 50 Index experienced a decline of 0.7% during the week of July 14-18, 2025, closing at 1418.61 points, while the Shanghai and Shenzhen 300 indices increased by 1.02% and 0.42%, respectively [4][13] - The average market capitalization of the North Exchange component stocks is 3.202 billion [4][13] - The average daily trading volume for the North Exchange component stocks reached 21.885 billion, reflecting a 1.55% increase from the previous week [4][16] Summary by Sections North Exchange Market Overview - As of July 18, 2025, the North Exchange comprises 268 component stocks, with an average market capitalization of 3.202 billion [4][13] - The North Exchange 50 Index saw a weekly decline of 0.7%, while the Shanghai and Shenzhen 300 indices posted gains of 1.02% and 0.42% respectively [4][13] - The daily average trading volume for the North Exchange component stocks was 21.885 billion, with a turnover rate of 25.26% [4][16] Industry Performance - The top five performing sectors in the A-share market during the week were pharmaceuticals and biotechnology, communications, national defense and military industry, computers, and banking, with respective gains of 21.25%, 20.08%, 19.06%, 17.35%, and 16.64% [4][21] Individual Stock Performance - Among the 268 stocks listed on the North Exchange, 100 stocks rose, 166 fell, and 2 remained flat, resulting in a rise ratio of 37.45% [4][24] New Stocks - No new stock issuances occurred during the week, but one company updated its review status to registration, while 30 companies moved to the inquiry stage [4][29] Key News - The North Exchange has strengthened its disclosure requirements and released the second-quarter ratings for securities firms, with 103 firms evaluated [4][32] Investment Strategy - The report expresses optimism for the North Exchange's performance in 2025, suggesting a focus on sectors such as data centers, robotics, semiconductors, consumer goods, and military information technology [4][33]