Core Insights - Construction Bank reported positive year-on-year growth in key financial metrics for the first three quarters of 2025, including operating income, non-interest net income, pre-provision profit, and net profit [1] - The bank's operating income reached 560.28 billion yuan, a 1.44% increase compared to the same period last year [1] - Net profit was 258.45 billion yuan, reflecting a 0.52% year-on-year growth, with a continuous increase in growth rate over the past two quarters [1] Financial Performance - Pre-provision profit amounted to 411.36 billion yuan, up 1.03% year-on-year [1] - Total assets as of September 30 were 45.37 trillion yuan, an 11.83% increase from the end of the previous year [1] - Total liabilities reached 41.71 trillion yuan, growing by 12.05% year-on-year, with total deposits at 30.65 trillion yuan, a 6.75% increase [1] Loan and Asset Quality - The non-performing loan ratio stood at 1.32%, a decrease of 0.02 percentage points from the end of the previous year [1] - Provision coverage ratio improved to 235.05%, an increase of 1.45 percentage points year-on-year [1] - Capital adequacy ratio was reported at 19.24% [1] Loan Distribution - By the end of the third quarter, loans to the manufacturing sector exceeded 3.5 trillion yuan, while loans to the private economy surpassed 6.7 trillion yuan [2] - Green loans reached 589 billion yuan, and inclusive loans for small and micro enterprises increased to 3.81 trillion yuan, up by 397.69 billion yuan from the end of the previous year [2] - The number of loan customers grew to 3.7 million, an increase of 345,500 customers year-on-year [2] - Loans to core industries of the digital economy showed steady growth, exceeding 800 billion yuan [2]

中经记者 颜世龙 北京报道 10月30日，北京市政府新闻办公室举行首都"十四五"规划高质量收官系列主题新闻发布会——高精尖产 业发展专场。 2024年，规上工业总产值突破2.5万亿元，"十四五"前四年平均增速达5.6%；信息软件业营业收入规模 突破3.3万亿元，占全国四分之一，"十四五"前四年平均增速达17.1%。今年前三季度，工业和信息软件 业合计实现增加值突破1.3万亿元，对经济增长的贡献率近六成。十大高精尖产业规模全部达到千亿 级，其中新一代信息技术、科技服务业、医药健康3个产业规模超过万亿元。 （编辑：卢志坤 审核：童海华 校对：颜京宁） 《中国经营报》记者了解到，"十四五"时期，北京高精尖产业能级实现新跃升，成为经济增长重要贡献 者。2024年，北京市高精尖产业规模近6万亿元，较2020年增长61%，高精尖产业增加值占地区生产总 值比重达到33.1%，较2020年提升4.5个百分点。 ...

10月30日，浙商银行发布2025年三季报。财报显示，截至9月末，该行总资产达3.39万亿元，比上年年 末增长1.91%。实现营业收入489.31亿元，归属于本行股东的净利润116.68亿元。资产质量得以改善， 不良贷款率1.36%，比上年年末下降0.02个百分点。 中经记者 张漫游 北京报道 （编辑：杨井鑫 审核：朱紫云 校对：颜京宁） ...

Core Viewpoint - The China Securities Regulatory Commission has approved the initial public offering (IPO) registration of Moore Threads Technology, which aims to raise 8 billion yuan to list on the Sci-Tech Innovation Board [1] Company Overview - Moore Threads is recognized as a representative enterprise in the domestic AI chip sector, having achieved technological breakthroughs with its self-developed MUSA architecture that supports AI computing acceleration, graphics rendering, physical simulation, scientific computing, and ultra-high-definition video encoding and decoding [1] Financial Performance - The projected operating revenues for Moore Threads from 2022 to 2024 are approximately 46.0883 million yuan, 124 million yuan, and 438 million yuan, respectively [1] - The net profits for the same period are expected to be around -1.84 billion yuan, -1.673 billion yuan, and -1.492 billion yuan, indicating a trend of continuous loss reduction [1] - In the first half of 2025, the company reported an operating revenue of approximately 702 million yuan and a net profit attributable to shareholders of about -271 million yuan [1]

Core Viewpoint - *ST Yuancheng (603388.SH) is facing multiple delisting risks, including trading-related, major violation, and financial delisting risks, with a market capitalization that has fallen below the threshold for continued listing [1][2][3] Group 1: Delisting Risks - The company has a total market capitalization of 2.8 billion yuan as of October 29, which has been below 5 billion yuan for 12 consecutive trading days, triggering trading-related delisting risks [1][2] - The stock price closed at 0.86 yuan on October 29, marking three consecutive trading days below 1 yuan, which also contributes to the trading-related delisting risk [2][3] - The company is also at risk of major violation delisting due to administrative penalties for financial misconduct, including inflated revenues and profits over three years [3][4] Group 2: Financial Misconduct - The company has been found to have inflated its revenue by 209 million yuan and profits by 50 million yuan from 2020 to 2022, leading to administrative penalties from the China Securities Regulatory Commission (CSRC) [4][5] - The CSRC has proposed fines totaling 37.45 million yuan against the company and 42 million yuan against five responsible individuals, along with a 10-year market ban for the actual controller [4][5] - The financial misconduct has resulted in the company being subject to risk warnings and potential delisting if it fails to meet the requirements after the 2025 annual report [3][4]

中经记者 孙汝祥 夏欣 北京报道 此前的10月10日，因连续3年虚增收入和利润，证监部门对*ST元成作出行政处罚事先告知。此后*ST元 成股价一路下跌，10月29日收跌4.44%报0.86元/股，已连续3个交易日低于1元/股。 三重退市风险 *ST元成10月29日公告显示，根据上交所《股票上市规则》相关规定，上市公司出现连续20个交易日在 上交所的每日股票收盘价均低于1元的或上市公司出现连续20个交易日在上交所的每日股票收盘总市值 均低于5亿元情形的，上交所将决定终止公司股票上市，属于交易类强制退市。 而公司股票10月29日收盘价为0.86元，已连续3个交易日低于1元，市值为2.93亿元，已连续12个交易日 总市值低于5亿元，即使后续8个交易日（不包含公司股票全天停牌日）连续涨停，也将因连续20个交易 日收盘总市值低于5亿元而触及交易类强制退市。 不仅如此，*ST元成还存在可能重大违法强制退市风险、财务类退市风险。 10月10日，证监会通报，*ST元成连续3年虚增收入和利润，违反证券法律法规；针对*ST元成涉嫌触及 重大违法强制退市情形，上交所将依法启动退市程序。 此外，*ST元成2025年半年度（未经注册会 ...

【"小妖怪"赚"大钱" 上海电影第三季度扣非净利润暴增约100倍】10月30日晚，上海电影 （601595.SH）发布了2025年三季度报告。 财报数据显示，上海电影在今年第三季度实现营收约3.6亿元，同比增长101.6%；利润总额约为1.54亿 元，同比增长163.69%；归属于上市公司股东的扣除非经常性损益的净利润约为7986.92万元，同比增长 10679.37%。 对于上述财务科目出现的大幅增长，上海电影方面解释称，主要是报告期内《浪浪山小妖怪》内容与产 投联动发展带来的收入与利润增长。 《中国经营报》记者通过灯塔专业版了解到，《浪浪山的小妖怪》由上海电影出品，并联合发行，在今 年暑期档期间（8月2日）上映，截至目前取得了17.07亿元票房。暂时位列中国内地电影市场2025年年 度票房榜第五名，仅次于《哪吒之魔童闹海》（154.46亿元）、《唐探1900》（36.12亿元）、《南京照 相馆》（30.16亿元）、《731》（19.28亿元）；同时，《浪浪山的小妖怪》也是中国内地影史动画电影 票房榜的第五名，仅次于《哪吒之魔童闹海》、《哪吒之魔童降世》（50.35亿元）、《熊出没·逆转时 空》（19.84 ...

【我国首家3000万辆乘用车企诞生！中国汽车工业高质量发展迈入新篇章】10月30日，一汽-大众第 3000万辆整车下线仪式于10月30日在长春举办。这标志着一汽-大众正式成为国内首家产销突破3000万 辆的乘用车企业。《中国经营报》记者现场看到为了庆祝这个中国乘用车的"大日子"，一汽-大众将会 场布置成了历史回廊，展现从一台车、一个品牌到三个品牌，30余款车的历史性跨越。@新浪新能源 （中经记者 张硕） ...

Core Viewpoint - The recent statement attributed to Leap Motor regarding Huawei has been clarified by the company's senior vice president, emphasizing that there was a misunderstanding and that Leap Motor respects Huawei as a benchmark in China's technology sector [2][2]. Group 1: Company Positioning - Leap Motor has reiterated its commitment to core technology and self-research, stating that it has not expressed any intention to distance itself from Huawei [2][2]. - The company aims to provide high-quality products through technological innovation and does not see collaboration with other companies as contradictory to its self-research approach [2][2]. Group 2: Industry Context - The senior vice president highlighted that the progress of China's new energy vehicle industry is a collective effort from all practitioners, calling for a rational and objective public discourse [2][2].

中经记者 许璐 李晖 北京报道 我国灾害保险近年来加快发展步伐，但整体看，仍存在提升空间。 同时他也坦言，保险服务灾害防治体系仍有较大提升空间，表现为保险赔付比例远低于国际水平、缺乏 法律层面强制性制度规定、财税政策支持不足、风险管理模型与再保险机制有待完善、公众保险意识薄 弱等问题。下一步，将推进灾害保险顶层设计，健全保障体系，运用科技手段强化风险治理，加强灾害 风险防范宣传教育，提升全社会灾害应对能力。 应急管理部国家减灾中心纪委书记李敏认为，当前灾害保险发展仍面临覆盖面不广、支付意愿低等挑 战，其根本原因在于制度顶层设计尚不完善，存在险种重叠与空白并存、统筹层次低、政策定位不清、 事前预防功能发挥不足等矛盾。为此，当前应坚持以制度建设为主线，推进多层次灾害保险体系发展。 针对我国灾害损失补偿率远低于全球平均水平、发展理念模糊、业务结构失衡、与社会保险边界不清、 公信力不足等问题，《报告》提出四项建议： 一是创新发展理念，让保险业回归市场本位，发挥风险管理资源配置的决定性作用；二是构建以政府灾 害救助为基石、商业保险为主体、政策性保险为补充的多元多层次保障体系，厘清各方责任边界；三是 明确2035年发展目 ...