【农夫山泉营收首破500亿，钟睒睒感谢团队挺过舆情】 ...

农夫山泉重回正轨，在突破500亿规模后，如何维持增长成为公司需要面临的新课题。 3月24日晚间，农夫山泉（9633.HK）披露2025年财报：全年实现营收525.53亿元，同比增长22.5%，首次突破500亿元大关；归母净利润为158.68亿元，同 比增长30.9%，核心指标增速已接近舆论风波发生前（2023年）。 农夫山泉董事长钟睒睒在财报中专门感谢了公司全体员工和合作伙伴的共同努力，并称新的管理团队经受住了舆情考验。 随着业务重回正轨，钟睒睒也回归低调，逐步淡出公众视野，公开发声频次少于舆论爆发当年。根据3月发布的胡润富豪榜，72岁的钟睒睒以5150亿元财 富值（同比增长35%）位列中国企业家第二位。 | | | | Top 20 中国企业家 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 中国排名 中国排名变化 | 姓名 | 财富 (亿元人民币) | | 财富变化 世界排名 主要公司 | | 年龄 | 居臣所 | | 1 | 0 | 张一鸣 | 5,500 | 32% | ટર | 字节跳动 | 43 | 新 ...

2025年，华润啤酒实现收入379.85亿元，同比减少1.7%；归母净利润同比减少28.9%至33.7亿元。利润指标的下滑主要是由 于对白酒业务计提商誉减值28.8亿元以及产能优化减值等3.1亿元，倘若撇除相关因素，其归母净利润同比增长19.6%至57.2 亿元。 补短板、拓国际市场 过去一年，华润啤酒的啤酒业务依旧稳健，实现销量1103万千升，同比微增1.4%；毛利率因高端化推进及成本节约举措提 升1.4个百分点至42.5%。 3月23日，华润啤酒召开业绩发布会，董事会主席赵春武、总裁金汉权、副总裁李小冬等一同出席，就啤酒业务的增量创 新、白酒业务的梳理调整等问题一一作答。 赵春武表示，倘若参考日韩国家的市场结构比例，若中国啤酒总量不出现大幅波动，到"十五五"末期（2030年），次高端 及以上产品的市场份额将超过三分之一，规模或超千万千升。 据其介绍，过去几年，"雪花"在高端赛道始终保持双位数增长，截至今年一季度仍维持增长势头，次高端细分赛道也在加 速发展。 此外，受疫情对餐饮业的冲击，现饮与非现饮的比例已发生反转，现饮比例进一步走低。基于此，华润啤酒正全力补齐新 兴业务短板。 管理层透露，目前公司包含电商 ...

据香港交易所披露，摩根大通(JPMorgan)对洛阳栾川钼业集团股份有限公司-H股的多头持仓比例于2026 年3月19日从8.52%降至8.03%。 ...

上述二人位列昭衍新药第四和第七大股东，是什么原因让两人彻底清仓？外界猜测，可能是不再看 好实验猴市场，因为类器官（Organoid）业务今后将彻底取代猴子实验市场。 近10亿元的减持计划消息一出，直接引发投资者恐慌抛售，3月17日，昭衍新药直接迎来跌停。压 力之下，上述两位股东在3月17日晚间又补发了一份公告，表示只减持3%，大约套现7亿元。即便如 此，公司股价也没有止跌。 一份减持公告，轻松引发了一场股价暴跌。 3月17日，"猴茅"昭衍新药A+H股同时大跌，截至当日收盘，A股股价跌停，报收29.32元/股，股价 创2026年以来新低；港股跌幅更大，收盘报16.78港元，较前一交易日跌幅达11.73%，盘中最低触及 16.53港元，创近期区间新低。 这场暴跌的直接导火索是公司3月16日晚间披露的清仓式减持公告。股东顾晓磊及其一致行动人顾 美芳（姑侄关系）计划未来3个月内，通过集中竞价方式合计减持3074.25万股，占公司总股本的 4.1026%。值得注意的是，此次减持并非部分套现，而是近乎清仓。 苏州顾氏家族清仓 公开资料显示，昭衍新药成立于1995年8月，由冯宇霞与丈夫周志文共同创办，是中国首家民营新 药评 ...

Group 1 - The core viewpoint of the article is that Geely Automobile has set ambitious export targets for 2026, aiming for significant growth in international markets [2][3] Group 2 - In 2025, Geely achieved exports of 420,000 units, representing a year-on-year increase of 1% [2] - For 2026, Geely has set an export target of 640,000 units, which is over 50% growth compared to the previous year [3] - The internal management has set a more challenging target of 750,000 units, which would imply a year-on-year growth of nearly 80% [3] - In the first two months of the year, Geely's overseas sales reached 121,000 units, with a year-on-year increase of 129% [3] Group 3 - Channel development is prioritized, with Geely establishing subsidiaries in Mexico and Chile, which began operations last year [3] - Geely plans to enhance its overseas KD production capacity and accelerate the construction of its overseas store network, aiming to add 1,300 stores globally for the Geely brand and 500 for the Zeekr brand [3] Group 4 - Geely's product strategy includes launching popular domestic models like Boyue, Xingyue L, and Emgrand in international markets [3] - The Lynk & Co brand will strengthen its European strategy, leveraging Volvo resources to promote models like Lynk & Co 08 and 01 in Europe [3] - The Zeekr brand has already launched the 7X model in Europe and plans to enter the Korean market and other regions in the first half of the year [3]

Core Viewpoint - The company "闪送" has successfully turned a profit in 2025, but its core business faces significant survival challenges due to intensified competition in the same-city delivery market [2][3][4]. Financial Performance - In Q4 2025, "闪送" reported a net profit of 22.5 million RMB, compared to a net loss of 294 million RMB in Q4 2024 [2]. - For the entire year of 2025, the net profit reached 109.4 million RMB, a turnaround from a net loss of 146.5 million RMB in 2024 [2]. - Revenue for Q4 2025 was 1.0013 billion RMB, down from 1.0289 billion RMB in Q4 2024, while total revenue for 2025 was 3.9921 billion RMB, a decrease of 10.66% from 4.4682 billion RMB in 2024 [3]. Order Volume and Market Competition - The total number of orders completed in 2025 was 249.2 million, a decline of 10.10% compared to 277.2 million in 2024 [3]. - The increase in registered riders to 3.1 million by the end of 2025, up from 2.8 million in 2024, did not translate into more orders, indicating heightened competition among riders [3]. - The competitive landscape is dominated by major players like Alibaba, JD.com, and Meituan, which are aggressively expanding their market presence in instant retail, leaving less room for smaller platforms like "闪送" [4]. Strategic Focus and Future Challenges - "闪送" is focusing on maintaining profitability amidst fierce competition, with a reported non-GAAP net profit of 199.4 million RMB for 2025 [4]. - The company faces three main challenges: maintaining order volume without engaging in price wars, identifying new revenue growth points, and rebuilding its narrative in the public market [5]. - The board has approved an extension of a $30 million share buyback plan, and the stock price rose by 20.76% to $2.85, although it remains over 80% below its IPO valuation [5].

Core Insights - Geely Auto reported a total sales volume of 3.0246 million units for 2025, representing a year-on-year increase of 39% [2] - The company aims for a sales target of 3.45 million units in 2026, with specific targets for its various brands [2] Sales Targets - The Zeekr brand aims for a sales target of 300,000 units in 2026, which is a 34% increase year-on-year [2] - Lynk & Co is targeting 400,000 units for the year, supported by the Lynk 07 station wagon and a new mid-to-large SUV [2] - Geely Galaxy has set a target of 1.55 million units for 2026, reflecting a 25% year-on-year growth [2] - The Geely China Star brand aims for a sales target of 1.2 million units [2]

孙婉秋摄 （文章来源：国际金融报） 3月18日，吉利汽车发布2025年财报并召开全年业绩发布会。 此外，吉利将重点攻坚海外市场，聚焦打造欧洲、东欧、东盟三个15万级市场，以及拉美非、中东亚两个10万级市场，持续深化全球化布局。 2025年吉利汽车出口的总销量达到42万辆，同比增长1%。 会上，吉利汽车集团CFO戴永详解出口业务规划，明确2026年出口销量目标为64万辆，同比增长50%，全年出口将全面提速。同时，其透露，2026年以来吉 利已连续两个月实现单月出口销量突破6万辆。 ...

当地时间3月17日，英伟达宣布已恢复为中国市场生产H200人工智能处理器。 英伟达首席执行官黄仁勋表示，随着近期来自中国客户的需求信号增强，公司已获得相关出口许可 并收到采购订单，供应链正在重新启动。 中国市场对英伟达的重要性依然突出。公司此前曾估计，中国对人工智能处理器的年需求规模可能 达到数百亿美元。在生成式人工智能和大模型训练需求持续增长的背景下，高性能GPU作为关键算力基 础设施，市场需求依然旺盛。 除业务层面外，英伟达也释放出资本运作信号。黄仁勋表示，公司计划将未来50%的自由现金流用 于股票回购及其他股东回报措施。 转折出现在2025年12月。当时美国方面允许英伟达向中国销售性能较其最新产品落后一代的H200 处理器，但附加条件是公司需将相关销售收入的25%上缴美国政府。随后在2026年1月，黄仁勋访问中 国后，H200在中国销售的信号也愈发明确。 不过，实际业务进展仍十分有限。英伟达在最新财报中披露，公司虽已获准向中国发运"少量H200 产品"，但截至目前，尚未从相关销售中产生收入。 直到3月17日举行的GTC大会，黄仁勋在会上表示，过去几周来自中国市场的需求有所增强，公司 已为多家客户取得出口 ...