那这周呢我们会聚焦到零食行业的这个视角然后去复盘一下整个零食量贩行业过去几年的变化以及说我们会从这个零食量贩行业跟传统零售的这个行业的对比做一个这个比较分析然后呢第三块我们会对于零食量贩行业未来的这个发展前景做一个展望 我是国新时瘾的看大众品板块的分析师陈雨君那今天主要是跟大家讲一下就是关于我们写的这个周创体如何看待临时量化行业的变化与机遇那上周的同一时间我们大概是讲了一下明明很忙地下招股说明书里面的一些具体的财务数据以及跟万成的对比 那首先就是我们看到还是先回顾到明明很忙上市的这个事情我们会先做一个简单的总结跟复盘然后其次的话就是对量贩零食行业我们分为三个阶段做了一个复盘第一个阶段是2010年到2019年这段期间然后这段期间其实是一个商业模式的探索期很多区域性的零食量贩品牌开始诞生 然后第二个阶段是2020年到2022年这段时间是零食量贩行业有一些大规模的这种商业模式的革新比如说像供应链包括门店的一些环节的标准化然后叠加上需求端的催化整体的门店是从区域实现了一个向全国化扩张的动作 然后第三部分呢是我们看到从23年到现在其实整个零食量化行业是进入到一个快速开店以及说收兵购的整合这两条主线并行的阶段快速开店呢指 ...

Investment Rating - The investment rating for the industry is "Outperform the Market" [5][6]. Core Views - The report highlights that the liquor sector, particularly Moutai, is stabilizing in price, and attention should be paid to the second-quarter performance of the sector [3][12]. - The food and beverage sector saw a slight increase of 0.74% this week, underperforming the Shanghai Composite Index by 0.67 percentage points [2][22]. - The report emphasizes the importance of consumer demand and market health, with companies focusing on destocking and promoting sales in the short term while nurturing consumer engagement and internationalization in the long term [14][21]. Summary by Sections Liquor Sector - Moutai's stock buyback reached 3.3821 million shares, accounting for 0.27% of total shares, with a total expenditure of 5.202 billion yuan [3][12]. - The liquor index increased by 1.2%, indicating a potential valuation recovery driven by incremental policies [14]. - Recommended stocks include Moutai, Shanxi Fenjiu, and Wuliangye, which have demonstrated resilience through multiple cycles [14][21]. Consumer Goods - The report notes that the recent warm weather is favorable for beer consumption, with expectations for slight sales growth among major beer brands [15]. - The snack sector is experiencing a trend of differentiation, with recommendations for companies that are innovating in products and channels [16][17]. - The report suggests focusing on leading companies in the seasoning industry, such as Yihai International and Haitian Flavoring, as they show resilience [18]. Frozen Foods - The frozen food sector is stable, with companies actively developing new products despite the off-season [19]. - Anji Food's recent IPO on the Hong Kong Stock Exchange raised 2.302 billion HKD, which will be used to enhance sales networks and optimize supply chains [19]. Dairy Products - The dairy sector is expected to see a gradual recovery in demand, with supply pressures easing and potential policy catalysts on the horizon [20]. - The report recommends focusing on leading dairy companies that are well-positioned for upward elasticity in 2025 [20]. Beverages - The beverage industry is entering a peak season, with expectations for continued growth in segments like sugar-free tea and energy drinks [21]. - The report recommends East Peak Beverage, which is accelerating its national and platform expansion [21].

转自：国际商报 □ 本报记者 王旭光 珠江水拍岸，琶洲潮正兴。在广交会展馆，中国外贸的新优势与韧实力展现得淋漓尽致。 扬帆出海正当时 "这款面料不仅能抗菌，还能自我净化异味，穿上它就像给身体装上隐形防护盾！"在江苏五龙针织有限 公司展位，泛着微光的"银本康"面料样品吸引着众多采购商上前触摸体验。 谈及市场反响，展位负责人张珉笑逐颜开："尚未开展就有30多位采购商通过广交会线上平台表达合作 意向，我们已收获近200万元的意向订单。"从实验室到广交会展位，"银本康"的科技基因与市场需求碰 撞出火花。 在江苏科木贸易有限公司展位，一款斜支撑可折叠免充气水池引发一众采购商围观。这款专利产品承重 能力提升200%，收纳体积却缩小60%，独创折叠收纳系统实现10秒速开速收。"创新的斜支撑设计彻底 解决了充气水池的安全隐患，模块化组件让仓储物流成本降低40%，还方便使用，真是一举两得的设 计。"一位俄罗斯采购商现场达成300万美元的意向成交订单。 本届广交会，来自齐鲁大地的外贸弄潮儿在全球贸易的舞台上踏浪而歌。 在孚日集团股份有限公司展位，一款竹纤维华夫格毯子吸引众人目光，成为全场的焦点。一位韩国采购 商急切地表示："我要 ...