I-E{0}}i-Craze yecuba elahlayo: Ukunyuka kweeNtshatsheli ezifihlakeleyo kwi-Industrial Chain phantsi koPhuculo loMgaqo-nkqubo

1. Imvelaphi yomxholo
Iziganeko ezishushu: Ulawulo lweTobacco Monopoly kutshanje lukhuphe imigaqo-nkqubo emibini engundoqo. NgoSeptemba ka-2024, "iSaziso sokuHlaziywa kunye nokuKhutshwa kweMithetho eNgcacisiweyo yoLawulo lwe-E{2}}yeeNtengiselwano zecuba" sigxininise ngokucacileyo kumaxabiso amiselweyo{3}}entengiso kwaye savumela amashishini ukuba abeke amaxabiso ngokuzimeleyo; ngoJuni ka-2025, i-"Imithetho eneenkcukacha ezihlaziyiweyo zoLawulo lweeLayisensi zeCuba eMonopoly ye-E{5}}yesigarethi{6}}enxulumene namaShishini oMveliso kunye namaShishini eWholesale" ifuna ukumakishwa komthamo wemveliso ovunyiweyo, ukupheliswa komthamo wemveliso ongafanelekanga, kunye nolwakhiwo lwenkqubo egcweleyo{7} yolawulo lwekhonkco. Le migaqo-nkqubo iphawula utshintsho kwishishini{9}lomdiza ukusuka kulwandiso olungalungelelananga ukuya kuphuhliso olusemgangathweni kunye nolwentengiso{10}.

Impembelelo yeMarike: Iqhutywa yimigaqo-nkqubo, umxholo we-e{0}}elahlayo wecuba unyuke nge-3.60%, kwaye izitokhwe ezinxulumeneyo ziqhube kakuhle. Ngokomzekelo, izabelo ze-Jinjia zenyuka nge-9.92% ngosuku olunye, kwaye izabelo ze-Huabao zenyuka nge-20.02%, ezibonisa ukuphishekela imali kwi-industrial chain. Imarike ilindele ukuba imimiselo emitsha iya kukhawulezisa ukuhlenga-hlengiswa kolu shishino kwaye kuxhamle iinkampani ezithobelayo.

Iintsingiselo zeshishini: I-e{0}}imakethi yecuba yehlabathi iyaqhubeka nokukhula, ingakumbi iimveliso ezilahlwayo zithandwa ngenxa yazo. Umgaqo-nkqubo waseTshayina utshintshela "kulawulo lwentengiso + ukubeka iliso elingqongqo" ukukhuthaza ukuphuculwa kwekhonkco lemizi-mveliso ukuya kumgangatho ophezulu kunye nokuveliswa kwezinto ezintsha. Iimveliso ze-Smart ezifana ne-cigarettes ze-elektroniki ezinezikrini ziyanda, izithintelo zobuchwepheshe zekhonkco ezinyukayo ezifana neencasa kunye ne-nicotine ziyanda, kwaye imfuno yemveli yeemveliso ezixhasayo ezifana neelebhile zecuba zizinzile. Oku kubonakalisa umkhwa wokudityaniswa phakathi kwee-elektroniki zabathengi kunye nokubekwa kweliso kwezempilo, kwaye iinkampani kufuneka zifune ukusungula izinto ezintsha ngokuthobela.

2. Uhlalutyo lweenkampani eziphambili
Ikhonkco lemveliso yemveliso
I-Yinghe Technology: Icandelo{0}}elingaphantsi: Ukwenziwa kwemveliso yesigarethi yombane elahlayo. Umbutho womxholo: I-brand yayo i-SKE Crystal inesabelo sesine esikhulu semarike e-UK, ebonisa amandla ayo oyilo lwamazwe ngamazwe. Amanqaku aphambili: Ixabiso lesitokhwe linyuke nge-4.47% ngosuku olunye, libonisa ukuqatshelwa kwemarike yeprimiyamu yophawu. Amathuba anokubakho: Phantsi kokunyenyiswa komgaqo-nkqubo, amandla azimeleyo amaxabiso ayandiswa, kwaye anokwandisa iimarike ezikhulayo ngokusebenzisa i-"Belt and Road".

Izabelo zeJinjia: Icandelo{0}}elingaphantsi: Ukusebenza kohlobo lwesigarethi sombane kunye nokuthumela ngaphandle. Unxulumano lomxholo: I-Brand FOOGO ithumela ngaphandle eJamani nase-UK, kwaye ingeniso yeeleyibhile zecuba ikwindawo yesibini kwi-A{2}}izabelo kwi-1.949 yebhiliyoni, ebonisa intsebenziswano yalo lonke ikhonkco loshishino. Amanqaku aphambili: Ixabiso lesitokhwe linyuke nge-9.92% ngosuku olunye, kwaye ukuthunyelwa ngaphandle kunye nokuthengiswa kwasekhaya kuqhutywe yimigaqo-nkqubo efanelekileyo. Amathuba anokubakho: Imimiselo emitsha isusa imveliso{7} ephantsi, kwaye iingenelo zayo zokuthobela zinokuthatha isabelo esikhulu.

Izabelo zeShunhao:-icandelo: E-uphando lwemveliso yesigarethi kunye nophuhliso. Umxholo oyeleleneyo: -umnikazi we-brand Yilong, uyilo lobushushu obuphantsi{4}}obungatshayo{5}}buchwephesha bokufudumeza kombane. Amanqaku aphambili: Ixabiso lesitokhwe likhuphuke nge-6.75%, kwaye ukuhlukana kwezobuchwepheshe kwatsala ingqalelo yeemali. Amathuba anokubakho: Phantsi kokomelezwa kolawulo, iimveliso ezintsha ezifana nezifudumezi zinokuba yindawo yokukhula.

Izabelo ze-Xiaosong: Icandelo{0}}elingaphantsi: Utyalo-mali lophawu kunye ne-arhente. Umxholo onxulumeneyo: Tyala imali kwi-brand Bode, kwaye usebenze njenge-arhente ye-Bode ukukhuthaza ecaleni kwe-"Belt and Road"; Inxaxheba ye-equity eHong Kong naseChina Bio yibhetshi yokuqala yeGaochun yamashishini okuvelisa inikotini. Iimpawu eziphambili: Ixabiso lesitokhwe linyuke nge-4.48%, libonisa ukuba inkunzi inethemba malunga nokuhlelwa kwayo okuhlukeneyo. Amathuba anokubakho: Umgaqo-nkqubo uvumela amaxabiso azimeleyo, kwaye ishishini le-arhente linokunyusa ngokukhawuleza umthamo ngokuthatha inzuzo yeshaneli.

I-Tianyin Holdings: Icandelo{0}}elingaphantsi: Utyalo-mali lwebrand kunye ne-arhente yokuthengisa. Umxholo ohambelanayo: Tyala imali kwi-brand Xiaoye, kwaye usebenze njenge-arhente ye-Xiaoye, i-Bode, i-Jier, i-Vita, njl. Iimpawu eziphambili: Ixabiso lesitokhwe likhuphuke kancinci nge-1.33%, kwaye inethiwekhi yokuthengisa ixhasa i-matrix ye-brand. Amathuba anokubakho: Phantsi kwemarike-indlela yexabiso elimiselweyo, umda wenzuzo yekhonkco lehoseyile linokwenyuka.

Ikhonkco lokuthengisa
I-Tianyin Holdings: Icandelo: E{0}}ukuhanjiswa kwecuba kunye nokuthengisa. Unxulumano lomba wesifundo: Iarhente yeebrendi ezininzi ezinje ngeXiaoye kunye neBode, egubungela ihoseyile kunye netheminali. Amanqaku aphambili: Ngokufanayo nalapha ngasentla, ishishini lokuthengisa lidibanisa izixhobo zentengiso. Amathuba anokubakho: Phantsi kwemimiselo emitsha, iinkampani zehoseyile zinokuseta amaxabiso azo kwaye zandise ubume beendleko.

Aishide: Icandelo: E{0}}ukusebenza kwevenkile yesigarethi. Unxulumano lomba wesihloko: Ukufikelela kwimiboniso yeempawu ezininzi- kunye nokwenza ubudlelwane obusondeleyo bentsebenziswano kunye neempawu eziphambili