CRO龙头康龙化成（300759）(300759.SZ)出圈了，原因竟是员工在办公室互殴。 近几日，网络上流传的视频显示，康龙化成的两名女员工在办公室大打出手，多名员工围观竟无人劝 阻。这一现象，引发市场对康龙化成公司文化的质疑。 康龙化成方面回应潇湘晨报称，这是员工排队之间的小矛盾，不影响公司经营。 康龙化成于2004年成立，2019年实现A股和H股上市，是一家全球领先的全流程一体化医药研发生产服 务平台。2021年，公司A股股价一度大涨26倍，市值逼近2000亿元。如今，公司市值约为468亿元，缩 水了1400多亿元。 与之对应的是，康龙化成的业绩增速放缓。根据最新发布的业绩预告，2025年上半年，公司预计实现归 母净利润约6.79亿元—7.13亿元，同比增长36%—39%，但经调整的非《国际财务报告准则》下归母净 利润同比增长仅为6%—11%。 康龙化成的股东频频减持。据不完全统计，公司股东通过减持累计套现超200亿元，其中，实际控制人 及一致行动人累计套现30亿元左右。 称员工打架同事围观为小事 康龙化成出圈，却源于员工在办公室互殴，引发了市场质疑。 近日有多位网友发帖，称在康龙化成北京一园区有两个女 ...

陈涛带领着胜宏科技（300476）(300476.SZ)继续开疆拓土。 7月18日晚间，胜宏科技发布公告称，公司定增事项已经获深交所审核通过。此次定增公司拟募资19亿 元，用于两大项目的扩产及补流还贷。 胜宏科技由陈涛创立，在中国PCB行业发展之初，陈涛就一头扎进来，作为"技术小白"的他，通过"埋 头苦拆"，发现了电路板上的财富密码；到2025年，陈涛创业已经22年，带领胜宏科技跨越百亿营收大 关。 2025年以来，随着消费电子回暖，PCB行业需求爆发，胜宏科技业绩迎来高速增长，市值更是从年初的 363亿元增长至目前的1398亿元，涨超千亿元。 业绩和股价齐飞，朝着第二个百亿目标，陈涛和胜宏科技踏入新征程。 "技术小白"拆开财富密码 胜宏科技创立后，陈涛开始在PCB行业进行技术攻坚，他将营业额的3%以上持续投入研发，组建450余 人的专业团队，建立省市区三级研发中心。2008年，胜宏科技投产；2010年，胜宏科技完成股权变更； 2014年，胜宏科技营收首次突破10亿元。2015年6月，胜宏科技在创业板上市。 穿越周期跨过百亿营收大关 上市之后，胜宏科技的营业收入和归母净利润连续7年实现双增。考验在2023年悄 ...

近日，国家发展改革委、财政部、自然资源部、商务部、中国人民银行、税务总局、国家外汇局等七部 门联合发布《关于实施鼓励外商投资企业境内再投资若干措施的通知》(下称《通知》)，有效回应了外 商在华投资过程中的关切和诉求。 《通知》围绕项目服务保障、土地要素配置、办理流程优化、外汇资金使用、金融支持等方面，共提出 12条相应措施，再次表明我国欢迎跨国公司长期投资、持续深耕中国市场的开放态度。 国家发展改革委有关负责人表示，外商投资企业境内再投资是外商投资的重要组成部分，鼓励外资企业 境内再投资对于更大力度吸引和利用外资具有积极意义。下一步，将会同有关方面加大政策解读辅导力 度，指导各地将促进外资企业境内再投资放在吸引和利用外资工作更加重要的位置。 关注再投资重点领域 2025年政府工作报告提出，鼓励外国投资者扩大再投资。4月25日召开的中央政治局会议也指出，要坚 定不移扩大高水平对外开放。 为落实深化外商投资促进体制机制改革要求，针对当前外资企业再投资管理工作中出现的新情况、新特 点，经国务院同意，七部门共同印发本次《通知》。 具体来看，《通知》明确各地根据实际情况建立外商投资企业境内再投资项目库，做好项目服务保障 ...

值得关注的是，本次植物医生拟募资9.98亿元。不过，截至2024年末，公司账面资金(货币资金+交易性 金融资产)规模达到10.62亿元，占总资产、流动资产的比例分别高达58.2%、75.86%，且公司资产负债 率仅为0.31%。 国内知名化妆品品牌北京植物医生化妆品股份有限公司(以下简称"植物医生")敲响A股大门，已正式进 入问询环节。 长江商报记者注意到，作为国产化妆品行业中采取单品牌连锁经营模式的代表性企业，植物医生以经销 模式为主。截至2024年末，公司线下连锁门店共4328家，其中授权专卖店3830家。 与此同时，经销商与授权专卖店数量增加也对植物医生的管理能力提出更高要求。近三年内，公司共收 到16张来自市场、卫生等监管部门的罚单。 近两年内，植物医生曾两次分红。由于实控人解勇控制公司79.14%股份对应的表决权，解勇将落袋1.42 亿元分红。 此外，解勇还是植物医生的董事长、总经理。2024年，解勇在公司领薪1123.6万元，占公司高管薪酬总 额的比例接近五成。 股权高度集中实控人年薪最高 资料显示，2016年11月，北植科技设立植物医生有限，设立目的系拓展植物医生在深圳地区的产品销 售。2017 ...

Industry Overview - The Chinese liquor industry is undergoing unprecedented structural changes due to macroeconomic shifts and generational consumption changes [1][3] - The China Alcoholic Drinks Association reports a continued decline in both volume and price in the first half of 2025, with production down 7.2% year-on-year [3] - 59.7% of liquor companies reported a decrease in operating profit, and 50.9% experienced a decline in revenue, primarily due to reduced customer numbers and average transaction values [3] Company Performance - Water Jiufang's revenue is expected to decline by 12.84% year-on-year, amounting to approximately 1.5 billion yuan, while its net profit is projected to drop by 56.52% [4][5] - Despite the overall decline, Water Jiufang's sales volume of mid-to-high-end liquor increased by 14.54%, indicating a shift towards quality and brand value [4][5] - The company maintains a reasonable inventory level, which is crucial for future growth and sustainable operations [5][6] Strategic Focus - The liquor industry is expected to focus on "strengthening fundamentals, restructuring, and innovation" as key strategies for transformation [4] - Water Jiufang is adapting to consumer demands by launching a new high-end brand and planning to introduce lower-alcohol products to cater to younger consumers [6] - The company emphasizes the importance of building a value loop around "quality, brand, and culture" as the industry shifts from growth to competition in existing markets [6]

Core Viewpoint - The company Tian De Yu (688252.SH) continues to show strong performance in its operations, with significant revenue and profit growth in the first half of 2025, reflecting a positive trend in the semiconductor and consumer electronics industry [1][2]. Financial Performance - In the first half of 2025, the company achieved revenue of 1.208 billion yuan, a year-on-year increase of 43.35%, and a net profit of 152 million yuan, up 50.89% [1][2]. - For the full year of 2024, the company reported revenue of 2.102 billion yuan, a growth of 73.88%, and a net profit of 275 million yuan, marking a 143.61% increase, which is the best annual performance since its listing [2]. - In Q1 2025, the company recorded revenue of 554 million yuan, a 60.52% increase year-on-year, and a net profit of approximately 70.57 million yuan, up 116.96% [2]. - The second quarter of 2025 saw revenue of approximately 654 million yuan, a year-on-year increase of 31.46%, and a net profit of about 81.43 million yuan, up 18.93% [2]. Business Growth Drivers - The growth in the first half of 2025 is attributed to the increased demand for high-refresh-rate mobile display driver chips, significant shipments from brand customers in the tablet display driver chip segment, and an increase in market share for wearable display driver chips [3]. - The company maintains a leading position in the global market for electronic price tag driver chips, contributing to revenue growth [3]. Research and Development - The company has invested a total of 470 million yuan in R&D from 2022 to 2024, with annual R&D expenses of 150 million yuan, 144 million yuan, and 176 million yuan respectively [4][5]. - As of the end of 2024, the company holds 72 authorized patents, including 68 invention patents and 4 utility model patents, along with 99 layout designs and 58 software copyrights, totaling 229 intellectual property items [5]. Asset Growth - The company's total assets increased from 679 million yuan in 2020 to 2.574 billion yuan in 2024, representing a growth of 279.09% [5]. - As of the end of Q1 2025, total assets reached 2.666 billion yuan, a year-on-year increase of 19.50%, marking a historical high [5].

Core Viewpoint - Baiyun Electric has won new orders from the State Grid, with a total bid amount of approximately 164 million yuan, indicating strong growth potential in the power equipment sector [1][2]. Group 1: Company Performance - Baiyun Electric reported continuous revenue and net profit growth over the past two years, achieving a revenue of 4.33 billion yuan and a net profit of 110 million yuan in 2023, representing year-on-year increases of 24.97% and 207.33% respectively [5]. - In 2024, the company achieved a revenue of 4.985 billion yuan, a year-on-year growth of 15.12%, and a net profit of 196 million yuan, up 79.05% [5]. - For Q1 2025, the company reported a revenue of 976 million yuan, a year-on-year increase of 4.68%, and a net profit of 36.64 million yuan, up 11.47% [6]. Group 2: Market Expansion - Baiyun Electric is actively expanding into new markets, particularly in the renewable energy sector, establishing strategic partnerships with leading companies such as CATL and Tongwei Solar [4]. - The company has made significant progress in projects like the 2000MW integrated solar-storage project, although the overall scale of contributions from the renewable energy market is still developing [4]. - Baiyun Electric is also expanding its overseas market presence, with products shipped to 54 countries and regions, and projects established in countries along the Belt and Road Initiative [4]. Group 3: Order Backlog and Future Outlook - As of the end of 2024, Baiyun Electric's order backlog reached 7.985 billion yuan, indicating a robust pipeline for future revenue [1][2]. - The company is focusing on optimizing its business structure to enhance gross profit margins, targeting a gross margin of 18.48% in 2024, an increase of 1.52 percentage points year-on-year [3].

长江商报消息 ●长江商报记者 沈右荣 实习生 赖海军 通过协议转让方式转让股权，合盛硅业（603260.SH）的控股股东宁波合盛集团有限公司（简称"合盛集团"）套现 解压。 7月16日晚间，合盛硅业发布公告，合盛集团拟将其所持公司5.08%的转让给肖秀艮，转让总价款26.34亿元。 本次协议转让股份前，合盛集团及其一致行动合计持有公司78.59%的股份，股份质押率为48.52%。 根据公告，合盛硅业收到控股股东合盛集团通知，因其自身资金需求和上市公司发展需要，7月16日，合盛集团与 肖秀艮签署了《股份转让协议》，拟将其持有的6000万股无限售流通股（占公司总股本的5.08%）通过协议转让 方式转让给肖秀艮，转让价格为43.90元/股，转让总价款为26.34亿元。 7月15日，合盛硅业的收盘价为48.77元/股，本次转让价格较股份转让协议签署前一个交易日的收盘价折价约 10%。 本次权益变动前，合盛集团及其一致行动人（罗立国、罗燚、罗烨栋）合计持有合盛硅业股份数量约为9.29亿 股，占公司总股本的78.59%。本次权益变动后，合盛集团及其一致行动人持股比降至73.51%。 本次股权转让的受让方肖秀艮，是一名女性 ...

长江商报消息 ●长江商报记者 江楚雅 主业稳健增长，金帝股份投资布局新能源。 7月16日晚间，金帝股份（603270.SH）公告，拟在重庆投资不低于15亿元，建设高端装备关键零部件 智能制造项目，以拓展西南地区新能源电驱动定转子产品市场。 金帝股份积极实施"轴承保持架"和"汽车精密零部件"双轮驱动发展战略，两大板块展现出强劲的增长动 能驱动业绩增长。 长江商报记者注意到，2024年以来，金帝股份积极实施"轴承保持架"和"汽车精密零部件"双轮驱动发展 战略，两大板块展现出强劲的增长动能驱动业绩增长。 7月14日，公司披露业绩预告，预计2025年上半年实现营业收入8.35亿元，同比增长40.62%；归母净利 润7300万元至8300万元，同比增长27.72%至45.22%。 投资扩张高端产能 据公告，金帝股份拟使用自有或自筹资金向海南金海慧投资有限公司（以下简称"金海慧"）增资，增资 资金全部计入注册资本，增资完成后，由金海慧在重庆设立子公司博源电驱动科技（重庆）有限公司 （以下简称"博源重庆"）。 同时，金帝股份与重庆市璧山区人民政府签订《工业项目投资合同》，项目总投资不低于15亿元，其中 固定资产投资额不低于 ...

Core Viewpoint - Huadian New Energy has successfully launched its IPO on the Shanghai Stock Exchange, raising a total of 18.171 billion yuan, marking it as the highest IPO fundraising in A-shares for 2025 [1][2]. Group 1: IPO Details - On its first trading day, Huadian New Energy's stock price surged by 125.79%, reaching a market capitalization of over 400 billion yuan [1][2]. - The initial public offering involved 4.969 billion shares, accounting for approximately 12.13% of the total post-issue share capital, with an issue price of 3.18 yuan per share [2][3]. - A total of 18 strategic investors, including state-owned enterprises and insurance companies, subscribed for 7.9 billion yuan, representing 50% of the initial offering size [3]. Group 2: Company Overview - Huadian New Energy is a specialized investment and development company for renewable energy, primarily focusing on wind and solar power, and is the largest company in terms of installed capacity in China's renewable energy sector [1][4]. - As of the end of 2024, the company has a total installed capacity of 68.6171 million kilowatts, with a market share of over 6% in wind power and over 4% in solar power [4][5]. Group 3: Financial Performance - In Q1 2025, Huadian New Energy reported a revenue of 9.628 billion yuan, a year-on-year increase of 16.19%, and a net profit of 2.922 billion yuan, up by 5.89% [6]. - The company projects a revenue range of 18.95 billion to 21 billion yuan for the first half of 2025, with a year-on-year growth of 9.84% to 21.72% [6]. - From 2022 to 2024, the company is expected to achieve revenues of 24.673 billion yuan, 29.58 billion yuan, and 33.968 billion yuan, with net profits of 8.522 billion yuan, 9.62 billion yuan, and 8.83 billion yuan respectively [5][6]. Group 4: Investment Plans - The funds raised from the IPO will be allocated to projects in four key areas: large-scale wind and solar projects, local load centers, new power system development, and green ecological civilization projects, with a planned installed capacity of 15.1655 million kilowatts [5].