根据三晖电气2025年半年度报告显示，三晖电气上半年实现营业收入1.46亿元，同比增长41.64%，但归 母净利润亏损扩大至1630.97万元，较去年同期增亏4.37%。扣非净利润亏损1861.58万元，上年同期亏 损1886.23万元；经营活动产生的现金流量净额为-9168.37万元，上年同期为-5586.49万元，呈现出明显 的增收不增利态势。 | | 本設告期 | 上年同期 | 本报告期比上年回期增波 | | --- | --- | --- | --- | | 黄非收入(元) | 145,659,725,29 | 102,835,378.48 | 41.64% | | 归属于上市公司股东的净利 | 16, 309, 745, 71 | 15, 626, 997, 90 | 4. 37% | | 润(元) | | | | | UM于上市公司最东的扣除 非受常性獨值的神利润 | -18, 615, 805, 11 | -18, 882, 320, 59 | 1. 315 | | (元) | | | | | 经营活动产生的现金流量净 | -91, 683, 650, 22 | -55, 864, 876, 8 ...

近日，据媒体报道，一消费者将价值1.2万元的刚毛猎狐梗幼犬，通过哈啰顺风车"宠物运送"选项下单后，被司机跨省"甩"在来安县独山镇派出所门口；犬 只因长时间滞留受凉感冒，治疗费用1200元。事发三个多月后，平台仍未给出赔偿方案，目前，该用户已向监管部门递交投诉材料。 值得注意的是，除此次宠物运送问题外，哈啰顺风车此前曾多次因安全问题，陷入舆论风波。今年2月，广州发生了一起哈啰顺风车追尾货车事故，造成3人 死亡、2人受伤。广州市应急管理局公布的调查结果显示，涉事驾驶员使用政策不允许的营运车辆注册并开展顺风车业务，而哈啰平台在驾驶员注册接入、 信息审核等环节存在重大漏洞。 结合上述多起事件来看，对于哈啰来说，技术升级与资金投入固然重要，但制度刚性执行、责任链条压实、用户权益保障才是解决问题的根本，而哈啰顺风 车若要重拾公众信任，需要的不仅是公关话术，更是刀刃向内的彻底整改。 ...

2024年春节，Kimi在B站投放广告超1亿元，单用户获客成本（CPA）30元，带动MAU短时飙升。然而，随着豆包、通义、元宝等厂商把长文本上限卷到"百 万tokens"标配，Kimi的先发优势被快速抹平。更致命的是，垂直场景工具（Wind、知网）通过绑定专业数据库，以更高精度切走金融、学术等高价值客 群，通用长文本需求被"降维打击"。 此外， Kimi还受到数据、算力、资本的三重制约。在数据上，阿里、字节、腾讯可借助电商、短视频、社交生态闭环持续训练，Kimi只能依赖公开语料与 有限合作方，数据飞轮难以启动。 算力上，美国高端GPU禁售后，国产替代性能折损30%—50%；Kimi需外采云资源，训练成本较自建云大厂高20%以上。 在资本上，2023年8月后，月之暗面未再获得新融资；2024年底创始人与投资人股权纠纷发酵，潜在出资方观望情绪浓厚。 近日，OpenAI正式推出GPT-5，将大语言模型与推理模型深度耦合，官方宣称事实错误率较GPT-4o下降47%，多轮复杂任务一次性通过率刷新SOTA（State- of-the-Art）。资本市场迅速投票：当日英伟达涨6.4%、微软涨3.1%，而A股算力租赁板块整体 ...

Core Viewpoint - Jiuding Investment announced a significant acquisition of a 53.29% stake in Nanjing Shenyuan Intelligent Technology Co., Ltd. for 213 million yuan, raising concerns over the valuation and financial health of both companies [2] Group 1: Acquisition Details - The acquisition involves Jiuding Investment spending 213 million yuan to gain control of Nanjing Shenyuan, which will become a subsidiary post-transaction [2] - Nanjing Shenyuan specializes in core components for robots, such as six-dimensional force sensors, but reported only 2.088 million yuan in revenue and a net loss of 5.73 million yuan in 2024 [2] - The valuation of Nanjing Shenyuan surged from 200 million yuan in December 2023 to 300 million yuan, reflecting a 50% premium [2] Group 2: Financial Implications - As of the end of Q1 2025, Jiuding Investment had cash reserves of only 249 million yuan, meaning this acquisition would consume 85% of its cash [2] - The company's traditional sectors, private equity investment and real estate development, are experiencing losses, with a combined loss of 26.5 million yuan in 2024 and an expected loss of 4.4 to 5.5 million yuan in the first half of 2025 [2] Group 3: Regulatory Concerns - The Shanghai Stock Exchange raised three critical questions regarding the acquisition: the fairness of the transaction valuation, the necessity of acquiring a loss-making asset at a high premium, and whether this could be seen as a means to siphon off company resources [2]

近日，奥来德披露了2025年半年度业绩预告。报告显示，奥来德预计上半年实现营业收入2.7亿元至2.9 亿元，同比减少15.23%-21.07%。利润方面，奥来德预计实现归母净利润为2500万元-2900万元，同比减 少68.41%-72.77%。 回顾此前，奥来德材料板块营收已经连续多年稳健增长，不过设备业务因下游6代OLED产线建设进入 尾声，蒸发源设备需求锐减。2024年奥来德设备营收已同比下降15%，今年上半年跌幅进一步扩大至超 80%，反映出产品换代的短期阵痛。 值得关注的是，奥来德在设备领域并非全无突破。今年上半年，奥来德与成都京东方签订8.6代OLED生 产线线性蒸发源合同，金额达6.55亿元，首批设备已于8月10日交付。该订单预计在2025下半年起贡献 收入，或缓解未来两年业绩压力。 研究机构Omdia预测，2025年全球中小尺寸OLED出货量将首次突破10亿台，汽车显示面板营收将达到 136亿美元，其中LTPS LCD与OLED占比首超50%。奥来德PSPI扩产与面板技术升级趋势相契合，有望 在OLED材料本土化进程中抢占份额。 其中，材料板块表现尚可，预计实现营业收入2.5亿元-2.6亿元， ...

上海正帆科技股份有限公司（简称"正帆科技"，688596.SH）购买辽宁汉京半导体材料有限公司（简 称"汉京半导体"）股权的交易有了最新进展。 | 证券代码:688596 | 证券简称:正帆科技 | 公告编号:2025-053 | | --- | --- | --- | | 转债代码:118053 | 转债简称:正帆转债 | | 8月14日，正帆科技公告称，和汉京半导体5名股东签署了《股份转让协议》，通过股份受让的方式购买 汉京半导体62.2318%股权，交易金额合计为人民币 11.20亿元。交易完成后，汉京半导体将成为正帆科 技的控股子公司。 | 最终评估/估值结论 | 评估/估值价值:190,500.00(万元) | | --- | --- | | 评估/估值增值率:640. 46% | | | 评估/估值机构名称 江苏中企华中天资产评估有限公司 | | 正帆科技长期服务于集成电路、泛半导体、生物医药、新能源和先进制造业等高科技产业，并掌握超高 纯流体介质和系统相关的核心技术，提供设备类（CAPEX）业务和非设备类（OPEX）业务。 本次交易于7月8日晚公布。此次评估机构采用收益法进行估值，得出评估价值为 ...

Core Insights - Eastman Kodak Company reported a net loss of $26 million for Q2 2025, contrasting sharply with a net profit of $26 million in the same period last year [2] - The company expressed significant concerns regarding its ability to continue as a going concern due to a lack of viable financing channels and available liquidity to repay approximately $500 million in debt maturing within the year [2] Financial Performance - Kodak's revenue for Q2 2025 was $263 million, a slight decline of 1% year-over-year [2] - Gross profit decreased by 12% to $51 million compared to the previous year [2] - The company's cash position at the end of the reporting period was $155 million, down $46 million from the beginning of the year [2] Debt and Financing Concerns - Kodak indicated that there are currently no definitive refinancing arrangements in place, leading to "high uncertainty" regarding the repayment of the $500 million debt [2] - To alleviate liquidity pressure, Kodak announced the immediate termination of pension payments and initiated a $500 million pension asset return plan to reduce debt [2] Strategic Focus - The company plans to continue capital expenditures in domestic pharmaceutical production and advanced materials (film, electric vehicle battery substrate coatings), although the scale will be constrained by cash flow [2] - Kodak's Executive Chairman and CEO, Jim Continenza, emphasized ongoing negotiations with creditors for debt extension or refinancing, expressing confidence in long-term growth prospects [3] - However, he acknowledged that if timely debt restructuring is not achieved, the company may have to consider all options, including asset disposals [3]

Core Insights - Hengwei Technology reported significant declines in both revenue and net profit for the first half of 2025, with revenue at 488.40 million yuan, a year-on-year decrease of 23.19%, and net profit attributable to shareholders at 17.82 million yuan, down 75.16% [2][3] Financial Performance - Total revenue for the first half of 2025 was 488.40 million yuan, compared to 635.89 million yuan in the same period last year, reflecting a decrease of 23.19% [3] - Total profit for the period was 17.06 million yuan, a decline of 77.11% from 74.55 million yuan year-on-year [3] - The net profit attributable to shareholders was 17.82 million yuan, down 75.16% from 71.74 million yuan in the previous year [3] - The net profit after deducting non-recurring gains and losses was 15.07 million yuan, a decrease of 77.99% compared to 68.46 million yuan last year [3] - The net cash flow from operating activities was 72.64 million yuan, a significant improvement from a negative cash flow of 104.35 million yuan in the previous year [3] - As of the end of the reporting period, the net assets attributable to shareholders were 1.37 billion yuan, a slight increase of 0.86% from the previous year [3] Business Segmentation - The network visualization business generated revenue of 262 million yuan, a year-on-year increase of 43.48%, primarily benefiting from the implementation of projects in the operator market [4] - Conversely, the intelligent system platform business saw revenue drop to 226 million yuan, a decline of 49.95%, which was the main factor dragging down overall performance [4] - The decline in the intelligent system platform business was attributed to a reduction in orders for intelligent computing services [4] Subsidiary Performance - Several subsidiaries of Hengwei Technology reported losses, including Shanghai Hengwei Intelligent Technology, Zhejiang Hengwei Electronics, and Shenzhen Haishang Zhiyun Technology, with at least six major subsidiaries showing negative net profits [5] Dividend and R&D - In response to performance pressures, Hengwei Technology announced a semi-annual dividend plan, proposing a payout of 0.05 yuan per 10 shares (tax included) [5] - The company maintained R&D expenditures at 59.45 million yuan, a slight increase of 0.45% year-on-year, and introduced a new utility model patent for "FPGA-based power switch control circuit" [5]

继7月10日总经理王忠、7月18日副总经理刘佶南之后，8月8日，江山欧派（603208.SH）再度发布公告称，副总经理陆建辉亦递交辞呈。短短29天内，三位 核心高管挂冠而去。与此同时，江山欧派预计2025年上半年归母净利仅850万—1150万元，同比下滑约九成；扣非净利润更是录得2000万—3000万元亏损， 为2017年上市以来首次"半年负值"。当人事震荡与业绩崩塌同步发生，"个人原因"的说辞显得单薄，市场更关心：江山欧派究竟怎么了？ | | | 事实上，在江山欧派人事变动的背后，也是家族企业治理"裂缝"的初显，王忠不仅是创始人之一、副董事长、总经理，还是实际控制人吴水根的大妹夫，位 列第二大股东。他的离去，意味着家族核心成员与职业经理人体系同时出现缺口。紧随其后的刘佶南、陆建辉，均身居副总经理要职，原定任期都还有整整 一年。根据公告，三人未持有或少量持有股份，辞职后均不再担任公司及子公司任何职务，彻底"净身出户"。 从业绩上来看，据江山欧派的最新财报显示，截至2025年一季度，江山欧派经销商数量已膨胀至6.88万家，同比净增逾3万家，平均每月新增2000家以上。 数量狂欢并未带来同比例收入：单季度经销商渠 ...

8月13日晚间，芒果超媒发布公告称，董事会收到副总经理申亚东的书面辞职报告。因个人原因，申亚 东请求辞去公司副总经理职务。辞职后，他将不再担任公司任何职务。 资料显示，申亚东出生于1980年6月 ，中共党员，拥有武汉大学法学硕士学位。截至公告披露日，申亚 东未持有公司股份，也不存在应当履行而未履行的承诺事项。 芒果超媒作为文化传媒企业，业务涵盖互联网视频平台运营、内容制作及艺人经纪等。 ...