Core Viewpoint - The company, Jiufang Zhitu Holdings, is experiencing significant growth in expected profits for 2025, despite facing regulatory challenges with its subsidiary, Jiufang Zhitu, which has been penalized for misleading marketing practices [2][3][8]. Financial Performance - The company anticipates a net profit attributable to shareholders between approximately 900 million to 930 million RMB for 2025, representing an increase of over two times compared to 272 million RMB in 2024 [2][8]. - Expected revenue for 2025 is around 3.43 billion RMB, an increase of approximately 1.12 billion RMB from 2024 [8]. - The total order amount is projected to be about 3.96 billion RMB for 2025, up by approximately 449 million RMB from the previous year [8]. Regulatory Issues - Jiufang Zhitu, a subsidiary, has been ordered by the Shanghai Securities Regulatory Bureau to suspend acquiring new clients for three months due to violations including misleading marketing and inadequate compliance management [3][4]. - The company has stated that the regulatory measures do not affect its existing client services or its long-term operational capabilities [3][4]. Stock Performance - Following the announcement of the regulatory penalties, Jiufang Zhitu Holdings' stock price rose by nearly 9%, reaching 38.1 HKD [2]. - However, the stock has seen significant volatility, with a drop of nearly 60% from its peak of 83.54 HKD per share [7]. Business Strategy and Growth - The company is diversifying its revenue sources, including the launch of hardware products like the "Yizhi Gudao" stock learning machine, aiming to create a second growth curve [10]. - Jiufang Zhitu Holdings is also expanding its overseas presence, having completed the acquisition of JF Financial, which is seen as a key move in its international strategy [11].

新春佳节将至，消费热潮奔涌。2月11日，由南方都市报社与广州银行联合举办的"广货行天下"岭南年 货节在广州市人民公园开幕。活动将持续两天，现场汇聚众多广东老字号和非遗潮品，更有粤语合唱、 醒狮巡游等充满广府风情的文化表演，从味觉、视觉到听觉，全方位营造"广府情浓"的节日氛围。 本次活动通过"媒体+金融"双重赋能，创新消费场景，通过多样化传播方式带动超54万线上阅读量，不 仅将线下年味延伸为线上热点，更深度挖掘出优质广货背后消费者对金融服务的新需求、新期待。通过 政府搭台、媒体与金融机构联手，活动力求呈现一场兼具温度与底蕴的广货消费盛宴。 "媒体+金融"赋能，打造广货消费新场景 南方都市报社党委副书记、主编刘江涛在致辞中表示，南方都市报作为根植广东的主流都市媒体，始终 将服务实体经济、激发消费活力作为重要使命。多年来，与各级政府部门、金融机构紧密合作、携手同 行，持续深化"媒体+金融"的合作内涵，不仅记录广东金融业蓬勃发展的坚实足迹，更积极搭建平台， 将媒体的公信力与传播力、金融机构的专业服务能力与资源配置力，以及广东制造与消费产业的深厚底 蕴深度融合，共同为扩内需、促消费聚势赋能，助力实体经济高质量发展。 近 ...

近日，杭州联合农村商业银行股份有限公司（下称"杭州联合银行"）收银行业开年首张千万罚单引发外 界广泛关注。据浙江金融监管局网站披露，该行因"贷款管理不到位、数据报送不准确"等违规事实，被 处以1110万元罚款，16名责任人同步被追责。这也是该行半年内第二次被罚。 作为资产规模近6000亿元的浙江农商行"一哥"，杭州联合银行正处于IPO辅导关键期，且由董事长林时 益代行行长职责。罚单落地后，市场高度关注其合规整改进展、上市会否受阻及治理架构是否稳定。杭 州联合银行回应记者称，所涉问题已基本整改到位，正完善长效管理机制；IPO辅导按计划推进，经营 保持稳健；管理团队健全，行长遴选工作正按公司治理要求稳步推进。 收银行业开年首张千万罚单 职责，形成董事长、行长职责"一肩挑"格局。市场担忧：临时架构会否影响合规管理的独立性与有效 性？ 针对此次监管指出的"贷款管理不到位、数据报送不准确"等问题，杭州联合银行表示，该处罚源于监管 部门2023年开展的常规检查，所涉事实发生时间为2019年5月至2023年10月之间。该行对检查结果"高度 重视、深刻剖析"，已建立整改台账，逐项制定整改计划并落实责任人，"部分问题在检查期间 ...

Core Viewpoint - The China Motorcycle Association has urged the Hunan Provincial People's Congress to reconsider the "ban on motorcycles on highways" policy, highlighting the need for a balanced approach that considers both industry and public concerns [1][3]. Group 1: Policy Background - The Hunan Provincial Transportation Department stated that the ban on motorcycles on highways was included in the revised draft of the Hunan Highway Regulations due to safety concerns, as most provinces have implemented similar bans following an increase in motorcycle-related accidents [2]. - The decision to ban motorcycles was influenced by Hunan's specific highway conditions, which include a high percentage of two-way four-lane roads, numerous curves, and steep gradients, posing significant risks during adverse weather [2]. Group 2: Industry Concerns - The China Motorcycle Association emphasized that there are over 5.5 million motorcycles in Hunan, making them a vital mode of transportation and a driver of local tourism and consumption [3]. - The association pointed out that the current ban contradicts national laws that support the right of registered motorcycles to access highways, and it creates inconsistencies with practices in other regions that allow motorcycles on highways [3][5]. Group 3: Suggested Optimizations - The China Motorcycle Association proposed transitioning from a blanket ban to a "classified management" approach, suggesting the selection of suitable highway segments for trial access for compliant motorcycles [5]. - Recommendations include improving driving regulations, signage, and conducting scientific risk assessments with input from various stakeholders to ensure safety while allowing motorcycle access [5].

具体来看，广州产投半导体与集成电路专项母基金合伙企业（有限合伙）出资3.99亿元，占比39.9%， 广州市增城区产业投资集团有限公司出资3亿元，占比30%，工银金融资产投资有限公司出资2.99亿 元，占比29.9%。此外，广州产投旗下广州产投私募基金管理有限公司和工银投资旗下工银资本管理有 限公司各出资100万元，各占比0.1%。 天眼查APP显示，广州产投工融东进创新投资合伙企业（有限合伙）（以下简称"产投工融东进基金"） 近日在广州市增城区增江街注册成立，出资额10亿元。该创投基金出资方主要包括广州产投、工银投资 和广州增城产投三方。 广州产投工融东进创新投资合伙企业（有限合伙）出资结构。 值得注意的是，此次广州产投方主要出资主体为广州产投半导体与集成电路专项母基金合伙企业（有限 合伙），加上此前广州产投发布消息中重点投向亦明确提及半导体产业，因此半导体芯片领域或也将是 这个新注册成立基金的投资重点。 南都湾财社记者此前从广州产投方面获悉，在增城区增江街，广州产投投资推动国内具备稀缺前道光刻 机技术能力企业星空科技总部落地，并在增城建设半导体装备研发生产基地，其研制的国内首台大芯片 先进封装专用光刻机已交 ...

今年是"十五五"的开局之年，如何承接"十四五"之成绩，为奔赴下一个五年开好局、起好步，尤为重 要。 聚焦珠海两会，对话城市发展"关键力量"。 新鲜出炉的2026年珠海市政府工作报告，全面回顾了"十四五"时期经济社会发展成就，明确"十五五"时 期经济社会发展目标，着眼于今年之可为，部署了推动粤港澳大湾区建设、发展新质生产力、推进教育 科技人才一体化发展等十个方面的重点工作。 这将带来怎样的新期待和新变化？南方都市报将邀请珠海各局局长、各区区长走进采访间，回望2025年 的亮点成绩，解读珠海2026年的新局势，展望"十五五"时期的预期目标和实现路径。 "展望'十五五'，斗门区的主要目标就是成为全市经济新支柱，体现在经济指标上，地区生产总值要年 均增长7.5%左右，2030年总量要达到850亿元。"2026年珠海两会期间，斗门区委副书记、区长王子程 在接受南都N视频记者采访时表示。 据介绍，2025年，珠海斗门区全区规模以上工业增加值增长13.5%，增速全市第一。PCB、新能源、专 用设备制造业产值分别增长17.6%、29.7%、41%；井岸、白蕉、乾务三镇进入全国镇域经济500强。 回顾成绩 全区规模以上工业增加 ...

Core Viewpoint - The court ruled that Costco's unilateral cancellation of a consumer's membership constituted a breach of contract, requiring the company to restore the membership for an additional 96 days [2][6][7]. Group 1: Legal Proceedings - A consumer, Mr. Li, purchased a Costco membership for 199 yuan, valid from May 28, 2024, to May 27, 2025, but Costco canceled it on February 20, 2025, without mutual agreement [3][5]. - The court found that Costco's cancellation was not legally justified, as Mr. Li's complaints and claims did not violate any laws [10][14]. - The court determined that Costco's membership terms included a clause allowing for unilateral cancellation, but it was deemed a format clause that unfairly restricted Mr. Li's rights as a member [7][10]. Group 2: Consumer Behavior - Costco argued that Mr. Li's frequent complaints and claims indicated he was a "professional complainer," which they believed justified the cancellation of his membership [5][14]. - Mr. Li, a lawyer, denied being a professional complainer, asserting that his actions were legitimate exercises of consumer rights [14]. - The court recognized that Mr. Li's complaints were not illegal and that his actions did not constitute profit-seeking behavior [10][14]. Group 3: Company Background - Costco operates on a membership model and entered the Chinese market in August 2019, currently having seven stores in various cities [15]. - As of the first quarter of fiscal year 2026, Costco reported revenue of $67.307 billion, a year-on-year increase of 8.3%, and a net profit of $2.001 billion, up 11.3% [15]. - The company had 81.4 million paid members globally, reflecting a 5.2% increase [15].

一次日常通勤，如何体验传统年味？南都N视频记者从羊城通、岭南通公司获悉，马年新春前夕，羊城 通、岭南通公司以生肖"马"为灵感，推出"玉马踏金阶"马年生肖卡纪念礼盒、马年系列电子交通卡特色 卡面、乘车码新春皮肤，并启动新春活动，为市民的日常出行注入浓浓年味与美好祝福。 本次的发行的马年生肖卡具有礼盒套装（含手提袋、烫金礼盒、纪念册、交通卡、书签）及单张交通 卡、金属书签三种不同规格。据了解，该卡支持在全国330余个互联互通城市乘坐公共交通工具，覆盖 广东城际、香港港铁、澳门公交等湾区出行场景。用户可通过小红书"羊城通店铺"、淘宝"羊城通官方 店"、小红书"岭南通店铺"和淘宝"岭南通官方店"选购。 此外，岭南通电子交通卡推出多款马年主题创意卡面，为数字出行增添鲜活年味。用户可通过岭南通 APP，点击"添加一张岭南通卡"开通全国交通联合版电子交通卡（支持全国330余个城市使用）。更多 马年主题卡面，可在APP内进入"卡面商城"，通过下滑浏览或搜索"马年"来选购心仪的马年主题卡面进 行更换。目前该功能支持华为、小米、苹果、OPPO、vivo等品牌手机，卡面适用广州、佛山、江门、 云浮、茂名、韶关、惠州地区，更多城市将 ...

2月10日，高明区迎来开年首个重大项目签约，由华南优质钢管企业振鸿钢制品有限公司投资25亿元的 振鸿金属制品生产制造基地项目正式签约落户，项目选址杨和镇252.44亩地块，预计达产后实现年主营 业务收入50亿元。 在签约仪式上，振鸿钢制品有限公司相关负责人表示，高明连片的工业熟地和完善的产业配套让企业对 项目发展充满信心，后续将严把质量与技术标准，推动项目早动工、早达产，打造企业高端产品核心生 产基地，为高明产业发展贡献力量。 开年以来，高明区以"开局就是决战、起步就要冲刺"的奋斗姿态，抢抓全省开展大走访大对接和面向重 点群体招商工作先机，全力以赴推动引进项目数量、投资规模和项目质量上实现新突破，一批优质项目 相继签约、开工、投产。今年1月，全区共引进项目20个，投资总额44.96亿元。截止1月底，全区新开 工项目9个、新投产项目2个，超亿元项目1月新增固定资产投资10.35亿元。 高明区招商相关负责人表示，此次签约是高明区招商引资"开门红"的重要成果，为全年招商工作奠定了 坚实基础。为实现"十五五"良好开局，高明区将聚焦临空经济、新型电力系统装备、高端装备制造、新 能源等战略性新兴产业，精准对接500强企业 ...

Core Insights - The CEO of Yonghui Supermarket, Wang Shoucheng, issued a New Year letter reflecting on the company's past mistakes and apologizing for deviating from its original entrepreneurial spirit in pursuit of scale [1][2] - Yonghui Supermarket announced a projected net loss of 2.14 billion yuan for 2025, representing a 45.6% increase in losses compared to the previous year [2] Group 1: Company Strategy and Performance - In 2025, Yonghui Supermarket plans to close nearly 400 low-quality stores and focus on systematically renovating over 300 existing stores, aiming for growth in both customer traffic and sales [1] - The company distributed nearly 50 million yuan in profit bonuses to employees in 2025 [1] - The major reasons for the projected losses include significant strategic adjustments, with 315 stores undergoing deep modifications and 381 stores being closed due to misalignment with future strategic goals [2] Group 2: Financial Impact of Store Adjustments - The financial impact of store adjustments includes approximately 910 million yuan in asset write-off losses and one-time setup costs [2] - Estimated gross profit losses due to store closures and renovations are around 300 million yuan [2] - The costs associated with closing 381 stores include asset write-off losses, employee severance compensation, and lease-related penalties [2]