香港聯合交易所有限公司與證券及期貨事務監察委員會對本聆訊後資料集的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本聆訊後資料集全部或任何部分內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。 BUSY MING GROUP CO., LTD. 湖南鳴鳴很忙商業連鎖股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的聆訊後資料集 警告 本聆訊後資料集乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的 要求而刊發，僅用作提供資訊予香港公眾人士。 本聆訊後資料集為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代 表 閣下知悉、接納並向本公司、各保薦人、整體協調人、顧問或包銷團成員表示同意： 倘於適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依據與香港公司註冊處處長註冊的本公 司招股章程作出投資決定。該文件的文本將於發售期內向公眾人士派發。 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的；投資者不應根據本文件中 的資料作出任何投資決定； (b) 在聯交所網站登載本文件或其 ...

（来源：南湖晚报） 转自：南湖晚报 "大胃王"小蔡 N海洲小学602班 朱哲轩 指导老师 张海红 这就是我的同学小蔡，一位名副其实的"大胃王"。他对食物的热情以及那惊人的食量，成了我们班独一 无二的风景，也让我真切体会到什么是"大胃王"！ 屋檐下的守护 N长安镇中心小学405班 李鑫昕 指导老师 杨元仙 淅淅沥沥的雨点儿顺着屋檐落了下来，敲碎了清晨的宁静。 望着门外的雨滴，脑海里浮现出了妈妈曾经和我说过的一段往事。在她小的时候，爷爷奶奶为了能让家 里人生活得更好一些，选择了外出打工，因此回家的时间也不会固定，可能一个礼拜，可能两个礼拜， 也有可能一个月。由于家庭条件有限，尽管当时电话已经普及，但我们家也没能安上。所以为了第一时 间能看到爷爷奶奶回家，她每天一放学就在屋檐下写作业，哪怕作业写完了，她也会坐在屋檐下张望， 小小的身影孤零零地杵在那里，眼睛直勾勾地望着门口小河转弯的地方，因为转个弯，家就到了。她渴 望像同龄人一样每天能待在父母身边，和他们分享在学校里发生的一切趣事。 一个周四的上午，清脆的下课铃声刚响起，就有一道身影像一阵风似的从我身边飞过，我定睛一瞧，此 人正是我的好朋友——小蔡。我大喊一声："小 ...

Core Insights - The company "鸣鸣很忙" has successfully completed its listing application process in under eight months, positioning itself as a leading player in the Chinese snack retail industry [3] - The company has established a robust product matrix and a significant market presence, with a membership base of approximately 1.5 billion and a store count exceeding 20,000 [5][11] - The competitive landscape is intensifying, with other brands and traditional retailers also expanding their market presence, necessitating continuous innovation and operational efficiency [15][16] Group 1: Company Growth and Market Position - "鸣鸣很忙" has become one of the top 10 players in the Chinese retail chain industry, specifically in the snack sector, and aims to be the first in the Hong Kong market [3] - The company has a diverse product range, including over 750 brands and 3,605 SKUs, with a focus on meeting consumer demand for variety [5][6] - The average price of products is approximately 25% lower than similar items in offline supermarkets, enhancing its competitive edge [6] Group 2: Operational Efficiency and Consumer Engagement - The company employs a rigorous quality control process involving a dedicated team of 243 professionals to ensure product safety and quality [8][10] - "鸣鸣很忙" has established a comprehensive supply chain management system that benefits both consumers and small manufacturers, facilitating market access for numerous brands [8][10] - The company has achieved significant sales growth, with revenues increasing from 42.86 billion to 393.44 billion from 2022 to 2025 [11] Group 3: Challenges and Competitive Landscape - The rapid expansion of the store network, primarily through a franchise model, has raised concerns about dependency on franchisee performance and potential risks associated with a single revenue stream [12][13] - The competitive environment is becoming increasingly fierce, with other brands and traditional retailers also vying for market share, indicating a need for strategic adaptation [15][16] - The company has faced regulatory challenges, including administrative penalties for compliance issues, highlighting the importance of maintaining quality control amid rapid growth [17][18]

Core Viewpoint - The National Health Commission has announced the new "National Food Safety Standard for Prepackaged Food Nutrition Labels," which will be implemented on March 16, 2027. The regulation mandates the labeling of "saturated fat or saturated fatty acids" and "sugar" as core items on nutrition labels, aiming to enhance consumer awareness of these components in food products [1][3]. Industry Changes - Over 80% of products from a food manufacturer in Jiangxi have already begun to comply with the new labeling standards ahead of the official implementation date [3]. - The new standard expands the mandatory labeling from "1+4" (energy, protein, fat, carbohydrates, sodium) to "1+6," adding sugar and saturated fat, which is expected to help consumers make informed dietary choices [6]. Health Implications - Excessive intake of saturated fat is closely linked to cardiovascular diseases, with common sources including animal fats and fried foods [9]. - Nutrition experts emphasize that the new labeling will help consumers better manage their intake of fats and sugars, addressing the challenge of making healthy choices in a market where many products may appear healthy but contain high levels of these components [6][9]. Challenges for Food Manufacturers - Food manufacturers are facing the need to upgrade their product formulations in response to the new labeling requirements, shifting focus from price and taste to health and quality [10]. - Companies are preparing by conducting comprehensive testing of their products to establish accurate nutritional databases and are in the process of designing and replacing packaging to meet the new standards [12][14]. Industry Regulation and Consumer Rights - The new standard is seen as a necessary step towards regulating the food industry and protecting consumer rights by providing clearer nutritional information [15]. - The mandatory labeling is expected to empower consumers to make informed choices based on transparent data, countering misleading marketing practices [15].

Core Insights - The article highlights the importance of ensuring nutritional matching, raw material safety, reliable processes, and information transparency in infant food choices, with Ying's brand being a trusted name in this sector [1] Group 1: Company Overview - Ying's brand, established in 2008, specializes in infant complementary foods, offering a range of products including rice flour, instant porridge, noodles, fruit and vegetable puree, cooking oil, meat puree, biscuits, and teething sticks [1] - The Ying's Nutrition and Health Science Industrial Base in Liuyang, Hunan, is set to be fully operational by the end of 2024, covering an area of 125.09 acres and featuring a 100,000-level GMP clean workshop and a central laboratory [1] Group 2: Production Process - The Liuyang factory employs fully automated production lines, completing the process from selected "9031 rice" to packaged rice flour in approximately 5 hours, with no human contact throughout the production stages [2] - Low-temperature ultra-micro grinding technology is used to ensure the rice is ground to a fineness that passes through a 100-mesh sieve, preserving nutrients and aroma [2] Group 3: Quality Control - The quality control laboratory utilizes advanced equipment such as two-dimensional liquid chromatography and inductively coupled plasma mass spectrometry (ICP-MS) to detect contaminants at parts per billion (ppb) levels [5] - Ying's products adhere to three national infant food standards, with a "zero tolerance" policy for pathogens, and each batch undergoes 17 foreign matter tests and 42 physicochemical indicators [5] - The "Five Common Quality Management System" integrates the entire supply chain to form a "quality community," which has been recognized by the Hunan Provincial Market Supervision Administration [5] Group 4: Industry Impact - Ying's Liuyang factory aims to bridge industrial collaboration in the Yangtze River middle urban agglomeration, providing high-quality infant food to meet the demands of families in Hubei [5]

Core Viewpoint - The article reports on the results of a food safety inspection conducted by the Hongtong County Market Supervision Administration, revealing that out of 251 batches tested, 249 were compliant while 2 were found to be non-compliant, prompting legal actions against the non-compliant products [3]. Group 1: Inspection Results - A total of 251 batches of food products were inspected, covering 20 major food categories including biscuits, beverages, and meat products [3]. - Out of the 251 batches, 249 were deemed compliant with national food safety standards, resulting in a compliance rate of approximately 99.2% [3]. - The inspection identified 2 batches of non-compliant products, which have been addressed according to relevant laws and regulations [3]. Group 2: Consumer Guidance - Consumers are encouraged to report any non-compliant food products they encounter in the market by calling the complaint hotline 12315 [3].

Group 1 - The sports endorsement market in China remains highly active in 2025, despite the absence of the Olympics, with brands focusing on long-term partnerships with athletes rather than just short-term exposure during major events [2] - Brands are increasingly selecting high-quality athletes for endorsement deals, indicating a shift towards valuing long-term relationships and consistent consumer engagement over fleeting moments of glory [2] - The endorsement landscape for top Chinese table tennis players, particularly Sun Yingsha, has seen a significant increase, with her securing 24 brand partnerships across various industries, showcasing her high commercial value [3][5] Group 2 - Sun Yingsha's endorsements include major consumer brands like Nestlé, Unilever, and Meituan, reflecting her strong influence in the consumer goods sector [5][6] - Other top players like Wang Chuqin and Fan Zhendong are also securing numerous endorsements, indicating a peak in brand partnerships for Chinese table tennis athletes in a non-Olympic year [6][7] - Major sports brands like Nike and Adidas are actively updating their endorsement rosters, with Nike signing K-pop star Karina and Adidas engaging a variety of athletes and celebrities throughout the year [7][9] Group 3 - The outdoor brand sector is witnessing a surge in endorsements, with brands like Under Armour and The North Face signing influential celebrities to enhance their market presence [10] - The upcoming 2026 Winter Olympics is generating significant interest, with brands already partnering with athletes like Gu Ailing and Su Yiming, who are expected to attract more endorsements as the event approaches [11][13] - The ice and snow sports market in China is projected to exceed 1 trillion yuan, highlighting the growing commercial potential in this sector as the Winter Olympics draws near [11]

根据《中华人民共和国食品安全法》及其实施条例等有关规定和临沂市食品安全监督抽检计划安排，为进一步保障食品安全，市市场监督管理局对餐饮食 品、食用农产品、粮食加工品等14大类食品1622批次样品进行了监督抽检，其中食用农产品、餐饮食品、调味品等12大类食品33批次样品不合格，检出农药 残留、兽药残留、食品添加剂超标等。 特此通告。 附件3 食品抽检不合格产品信息 序 号 标称 生产 企业 名称 标 称 生 产 企 业 地 址 被抽 样单 位名 称 被抽 样单 位地 址 食品 名称 规格 型号 商标 生产/购进 日期/批号 食 品 大 类 食品 细类 检验 机构 检 验 结 论 不合格项目 标准值 检测值 1 / / 兰陵 县万 家福 商贸 有限 公司 第六 连连 锁超 市 山东 省临 沂市 兰陵 县卞 庄街 道金 山路 翰邻 福城 沿街 商铺 2号 鸡蛋 / / 2025/1/4 食 用 农 产 品 鸡蛋 潍坊 市检 验检 测中 心 不 合 格 甲硝唑 不得检出 305.2µg/kg 2 / / 临沂 山东 豇豆 / / 2024/11/1 食 豇豆 山东 不 甲氨基阿维 ≤0.2mg/kg 0.42mg/kg ...

Core Insights - The "2025 Chengdu Import Carnival" series, organized by Chengdu's Commerce Bureau, aims to enhance Chengdu's status as an international consumption center and stabilize import-export trade through various themed activities and global supply-demand matching events [2][12] Group 1: Consumer Experience - The carnival features immersive experiences, such as the introduction of "Country Recommendation Officers" to share cultural stories behind imported goods, and a comprehensive guide for consumers to navigate import shopping [3] - During the Mid-Autumn Festival and National Day, the "Golden Autumn Global Gathering" event showcased over 20 import merchants, creating vibrant consumer experiences across various districts [5] - Efficient international trade channels allow for rapid delivery of imported goods, exemplified by Norwegian salmon reaching consumers in Chengdu within 48 hours and Thai durians arriving in 72 hours [5] Group 2: Business Collaboration - The carnival serves as a high-level platform for trade cooperation, with two supply-demand matching events held in Chengdu and Shanghai, leveraging the influence of the China International Import Expo [6] - Significant partnerships were formed during these events, including agreements for a direct sourcing platform and strategic collaborations with international companies [9] Group 3: Market Confidence - The success of the carnival reflects the confidence of international brands and local enterprises in the Chengdu market, with extensive media coverage and online promotions achieving millions of exposures [10] - Local importers are optimistic about the market's potential, with plans to enhance their presence and product offerings in response to consumer demand for high-quality imports [10][11]

Core Insights - The Spring Festival is a critical strategic node for the fast-moving consumer goods (FMCG) market, representing a significant opportunity for manufacturers to boost performance and capture market share [1][3] - Data indicates that approximately 20% of annual sales will occur during the Spring Festival period in 2024, with sales during the 2025 festival reaching a six-year historical high [1] Consumer Behavior Trends - The 2025 Spring Festival saw a 5.9% year-on-year increase in FMCG sales, driven primarily by an increase in purchase frequency, while the average purchase amount remained stable compared to 2024 [4] - Consumers continued to exhibit high-frequency and rational purchasing behaviors during the Spring Festival, particularly in categories such as food, beverages, dairy products, household cleaning, and personal care [4][5] Category Consumption Shifts - There is a notable trend of consumers increasingly purchasing items related to dining during the Spring Festival, indicating that brands need to focus on product combination strategies to meet consumer demands [5] - The report highlights that consumers who purchased cookies during the 2024 Spring Festival also tended to buy alcoholic beverages, traditional Asian drinks, nuts, and chocolates, suggesting a pattern of cross-category consumption [5] Out-of-Home Consumption - Out-of-home consumption is gaining importance during the Spring Festival, with a 10% year-on-year increase in foot traffic during the 2025 festival [6] - Key out-of-home consumption scenarios include gatherings with friends and family, as well as increased traffic in sports and entertainment venues [6] Gifting Trends - The gifting market during the Spring Festival remains stable, with a notable increase in sales for essential items (rice, cooking oil), leisure items (cookies, snacks, alcohol), and health-related products (nuts, health supplements) [7] - In 2025, gifting sales grew by 12.1%, with the average number of gift categories increasing from 5.1 to 5.4, indicating a trend towards more diverse and personalized gifting options [7] Channel Preferences - The report emphasizes the importance of understanding consumer channel preferences during the Spring Festival, which can provide insights into market dynamics and consumer behavior [8]