| | | | 中国人民银行北京市分行矿政处罚决定信息公示表(银京罚决字【2026】3-4号) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | 当事人名称 | 行政处罚 决定书文号 | 违法行为类型 | 行政处罚内容 | 作出行政处罚 决定机关名称 | 作出行政处罚 决定日期 | 公示 | | | | | 1. 未能确保交易信息真实、完整、可追溯: | | | | | | | | | 2. 未严格落实风险监测要求; 3. 未严格落实风险评级相关要求; | 没收违法所得25,557,243.63元, | | | | | 1 | 开联通支付服务有限公司 | 银京罚决字 | 违规开展支付账户向非同名银行账户转账业务; | 并处罚款12,877,657.14元,罚没 | 中国人民银行 | 2026/1/13 | 5월 | | | | (2026) 3号 | 5. 违规开展T+0交易结算; | 合计38.434.900.77元。 | 北京市分行 | | | | | | | 6. 一次性购卡1万元以上未留存身份证件; | | | | | ...

Core Insights - The event titled "'A+H New Wave' and the 34th Listed Company Entrepreneur Exchange Conference" was held in Beijing, focusing on the opportunities and challenges faced by A+H share listed companies in terms of industrial upgrades, capital operations, and cross-border layouts [1] Group 1: Market Insights - Lan Shili provided unique insights into the Hong Kong stock market, highlighting its historical significance in creating wealth, with notable figures like Huang Guangyu, Jack Ma, and others dominating the list of China's richest over the past three decades [1] - The recent performance of Hong Kong stocks, exemplified by companies like Mixue Ice Cream and Pop Mart, showcases the market's unique pricing logic based on business models and brand value, with market capitalization soaring to over 300 billion to 400 billion [1]

凤凰网财经讯 1月22日，由上市公司领袖俱乐部、凤凰网财经联合主办的"'A+H新浪潮'暨第三十四期上 市公司企业家交流会"于北京东方茂酒店召开，汇聚李国庆、兰世立等重磅嘉宾，聚焦A+H股上市公司 面临的产业升级、资本运作、跨境布局的多重机遇与挑战，旨在凝聚上市公司企业家力量，探讨企业协 同发展、资本赋能与产业升级路径，助力构建产融结合新生态。 郭凡生分享了自身经验："我公司上市前，就为员工发放了10%的期权。若总股数为10亿股，员工便能 持有1亿股，我们直接按IPO发行价执行即可。待上市后股价每上涨3元，员工手中的期权就会增值3亿 元。"他强调，这笔增值收益既无需老板个人掏腰包，也不会减少上市公司现金流，本质是让员工共享 企业发展红利。 交流会上，慧聪集团创始人、董事局主席郭凡生在公开演讲中，聚焦上市公司劳资矛盾与员工激励问题 发表犀利观点，直指部分企业在员工期权激励上的缺位与小气，强调"善待员工方能凝聚人心，实现企 业与员工共赢"。 演讲最后，郭凡生总结道："只有笨蛋的老板，没有笨蛋的员工。你对员工好一分，员工就能对你好十 分。"他呼吁广大企业经营者摒弃小气思维，重视员工激励，通过合理的期权分配等方式凝聚人 ...

本年首项金融国际盛事 聚焦最新经济形势与金融发展 今届论坛将举行多场精彩演讲及讨论环节，除首设的全球产业峰会外，还包括主题讨论、专题午餐会及 早餐会、政策对话及专题工作坊等，涵盖"环球经济展望"、"投资长慧眼"、"资产与财富管理"、"贸易 融资与供应链"、"家族办公室生态系统"、"金融科技"、"退休基金与捐赠基金"以及"黄金交易"等一系列 议题。 论坛首日将举行两场主题讨论环节，第一场由香港特区政府财经事务及库务局局长许正宇主持，请来亚 洲基础设施投资银行行长邹加怡、亚洲开发银行副行长（东亚、东南亚和太平洋）斯科特．莫里斯 （Scott Morris）、土耳其国库和财政部部长Mehmet im ek以及斯洛文尼亚副总理兼财政部长Klemen Bo tjan i 等财金官员及国际金融机构领袖，分析最新宏观经济形势。第二场由证券及期货事务监察委员会 行政总裁梁凤仪主持，嘉宾包括阿联酋证券商品委员会行政总裁Waleed Saeed Abdul Salam Al Awadhi、 德意志联邦银行执行委员会成员布克哈德．巴尔兹（Burkhard Balz）、韩国银行行长李昌镛、摩根士丹 利亚洲首席执行官高浩沣（Gokul ...

Core Insights - The liquor industry is transitioning from an incremental market to a stock market, with new regulations exacerbating industry turbulence and leading to a significant decline in high-end liquor consumption [1][3] - Regional liquor brands, particularly in Shandong, face intense pressure from national brands that are rapidly penetrating local markets [3][4] - The changing consumer preferences, particularly among the younger generation, are reshaping the market dynamics, necessitating a shift in marketing and product strategies for regional brands [3][12] Industry Trends - The introduction of the "ban on alcohol" regulation in May 2025 has led to a sharp decline in high-end liquor consumption, with a reported 30% year-on-year decrease in business reception scenarios [1] - National brands are adopting aggressive strategies to capture market share, such as Moutai's "one province, one product" approach and Yanghe's entry into the mass market with light bottle liquor [3] - The Shandong liquor market, valued at 55 billion yuan, is dominated by national brands, which hold approximately 75% of the market share [1] Consumer Behavior - Post-pandemic, there is a shift towards rational consumption and a decline in traditional social drinking culture, with younger consumers prioritizing personal preferences over social obligations [3][12] - The preference for low-alcohol beverages is growing, with over 65% of Shandong consumers favoring lower alcohol content, prompting regional brands to innovate [12] Regional Brand Strategies - Regional liquor brands are encouraged to leverage local market advantages and develop unique products while utilizing digital tools for better collaboration [4][12] - Successful examples from Anhui demonstrate the potential for local brands to thrive by cultivating consumer loyalty to local products [4] Marketing Innovations - Shandong liquor companies are adopting new marketing strategies, focusing on storytelling and engaging consumers through modern communication channels [5][6] - Companies like Lanling have successfully built brand presence on social media platforms, generating significant sales through digital marketing efforts [6] Quality and Product Development - There is a concerted effort among regional brands to enhance product quality through innovation, particularly in developing low-alcohol options to attract younger consumers [12][14] - The Shandong Provincial Government has initiated a high-quality development action plan for the liquor industry, aiming to enhance brand recognition and market competitiveness [13] Future Outlook - The industry is expected to undergo significant changes, with a focus on quality improvement, cultural integration, and sustainable practices [14][15] - The current market challenges may lead to a consolidation of the industry, allowing stronger regional brands to emerge and thrive [15]

来源丨凤凰网财经《公司研究院》 作者丨DW 昔日爱人因近2.8亿股权对簿公堂，这不仅是一场离婚后的财产清算，更像一把钥匙，意外打开了中国快递业"桐庐帮"数十年的恩怨江湖与崛起史。 | 今开 | 13.80 | 最高 | 13.82 | 成交量 | 12.98万手 | | --- | --- | --- | --- | --- | --- | | 昨收 | 13.78 | 最低 | 13.44 | 成交额 | 1.77亿 | | 换手率 | 0.89% | 市盈(TTM) | 18.40 | 总市值 | 210.33亿 | | The Research Party of the Property | | | | | | 01 离婚14年再掀巨浪：申通快递女掌门遭前夫追讨2.8亿 很多人不知道，申通快递比淘宝早了整整10年，是和顺丰同年成立的老牌民营快递巨头。 一段婚姻曾连接两家快递巨头，却在离婚14年后再掀股权风云。 近日，申通快递（002468）实际控制人陈小英因前夫奚春阳的起诉，再度成为舆论焦点。这场官司的核心在于一笔巨额股权的归属。奚春阳请求法院判 令，登记在陈小英名下的4056.85万股申通股票中，有一 ...

凤凰网财经讯 1月22日，市场午后震荡回升，三大指数集体翻红，创业板指走势较强。截至收盘，沪指 涨0.14%，深成指涨0.5%，创业板指涨1.01%。沪深两市成交额2.69万亿，较上一个交易日放量910亿。 涨停表现 封板率 市场热度: 60 0 50 100 0 两市成交额:2.69万亿 较上一日: +910亿 | 今日预测量能: | 2.69万亿 +910亿 | | --- | --- | | - | | 73.00% | | | | | 沪深京重要指数 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 *● | 咸新 | 涨幅% | | 涨跌 涨跌家数 | | 11 8 8 5 | 现手 金额 | | 上证指数 | 4122.58 | 0.14 | 5.64 | 1463/822 | 0.00 | 7.10亿 | 350万 1.20万亿 | | 深证成指 | 14327.05 | 0.50 | 71.92 | 1955/900 | 0.01 | 8.23 乙 | 959万 1.49万亿 | | 北证50 | 1530.24 | ...

2025年，AI技术在细分领域加速落地，视频编辑赛道也告别单纯功能叠加的粗放竞争，进入以"生产力 重塑"为核心的新阶段。近日，Wink连续登上多个行业榜单，成为影像领域值得关注的案例。 作为美图公司旗下视频编辑制作工具，Wink靠视频与动态影像优化、画质修复、Live美颜等功能，与 剪映等其他产品打出了差异化。 行业观察人士称，AI技术加速迭代的背景下，通过持续的技术创新与场景深耕实现差异化突围，深度 助力用户年轻化、创意化表达是趋势所向。依托美图在AI影像领域的先发优势，Wink这类聚焦细分场 景且易用的影像工具想象力值得期待。 近日，凭借创新功能打法，Wink入选2025年度AI 100创新产品榜，突显了垂直赛道深耕对于创新产品突 围的关键作用。同时，Wink还入选七麦数据发布的2025年度实力AI产品App榜单Top100和2025年度iOS 实力应用榜单Top100，印证了其在图像视频赛道的核心竞争力。 2025年，Wink海外用户下载量与活跃度呈现攀升态势，多次登顶印度尼西亚、泰国、越南、缅甸、菲 律宾、老挝等国家和地区的应用商店榜单，并先后入选点点数据发布的2025年度实力出海应用和七麦数 据发布 ...

编者按： 刚刚过去的2025年，山东大踏步迈入10万亿大省行列，经济社会高质量发展引发全国关注。 即日起，凤凰网山东推出"再启新程——凤观齐鲁2025"年度盘点策划，从全省统筹、区域联动、鲁企作 为等多个维度，解码山东跨越十万亿的底层逻辑，深度展现奋进齐鲁的生动实践，积极展望"十五五"开 局新篇，共同期待山东以更强担当、更实举措，持续书写高质量发展的精彩篇章。 春日里的曲阜尼山圣境迎来一批少年学子，他们行拜师礼、书写论语，沉浸式体验感悟中华经典的魅 力； 夏日沂河"水韵琅琊"边，游客在桨声灯影里打卡夜游，忍不住地赞叹； 秋日的枣庄运河大集上，地方戏曲、川剧变脸等节目轮番上演，辣子鸡等美食"馋"了无数"老饕"的胃； 冬日瑟瑟寒风并未阻挡人们探索济南上新街的热情，古老街巷在快门的咔嚓声与笑语中，持续散发着独 特的"魅力"…… 一年四季，周一到周五，欢迎来齐鲁；周末想放松，还得来山东！山东是孔孟之乡、礼仪之邦，这里文 化长河奔流不息，圣贤智者群星璀璨，岱青海蓝、物阜民丰，正成为越来越多人"来了还想来"的热门目 的地。 山东各地也因地制宜推动优秀传统文化创造性转化、创新性发展。 例如枣庄深耕"墨班文化"，整合串联各类 ...

Core Insights - The article highlights the rapid growth and potential of the Chinese personal care brand, Hanmu Huatian, which aims to become the first domestic personal care brand listed on the Hong Kong Stock Exchange [1][3] - The company has shown impressive financial performance, but concerns regarding its profitability quality and sustainability have been raised due to its high marketing expenses and low research and development investment [1][5][7] Financial Performance - Hanmu Huatian's revenue is projected to grow from 1.199 billion yuan in 2023 to 1.499 billion yuan in 2024, with a significant increase to 1.895 billion yuan in the first three quarters of 2025, representing a 76.7% year-on-year growth [3] - The adjusted net profit is expected to rise from 23.7 million yuan in 2023 to 82.8 million yuan in 2024, marking a 249.4% increase, with the net profit for the first nine months of 2025 reaching 148 million yuan, a 197.2% year-on-year growth [3] Sales Channels - The majority of Hanmu Huatian's sales come from online channels, with revenues from these sources being 1.027 billion yuan, 1.137 billion yuan, 807 million yuan, and 1.445 billion yuan for the years 2023, 2024, and the first nine months of 2024 and 2025, respectively, accounting for 85.7%, 75.9%, 75.3%, and 76.3% of total revenue [4] - The company is also expanding its offline presence, increasing the number of distributors from 187 at the end of 2023 to 454 by the end of September 2025, with offline revenue share rising from 13.9% to 23.5% [4] Profitability Concerns - Despite a high gross margin of 65.8%, 62.3%, and 63.3% from 2023 to the first nine months of 2025, the adjusted net profit margin remains low at 2%, 5.5%, and 7.8%, indicating a significant disparity between gross and net profit [5] - The company's profitability is heavily reliant on cost control, raising concerns about potential volatility in net profit due to rising raw material costs and marketing expenses [5] Marketing and R&D Investment - Hanmu Huatian's marketing expenses are substantial, with costs reaching 637 million yuan, 677 million yuan, and 896 million yuan for 2023, 2024, and the first nine months of 2025, representing 53.1%, 45.2%, and 47.3% of total revenue [7] - In contrast, the company's R&D investment has been declining, with expenditures of 28.62 million yuan, 32 million yuan, and 28.14 million yuan for the same periods, accounting for only about 1.5% of sales revenue in 2025, significantly lower than the industry average [8]