年中耗资115.62亿元拿下华星半导体超21%股权后，TCL科技再次对其出手"加仓"。 记者注意到，这已是TCL科技年内第二次对华星半导体出手。回顾来看，TCL科技7月初完成对华星半 导体21.53%股权的收购，交易总价为115.62亿元。 前次收购采用"发行股份+现金支付"的组合方案。具体来看，现金对价为72.03亿元，其中约43.59亿元拟 通过定向增发募集，募资对象为不超过35名的特定投资者；股份对价为43.59亿元，按4.42元/股的价格 向重大产业基金发行约9.86亿股。至此，TCL科技合计持有华星半导体84.2105%的股权。 公开信息显示，华星半导体于2016年6月注册成立，聚焦半导体显示业务，主要从事大尺寸TFT-LCD显 示器件的生产、加工与销售。进一步来看，华星半导体是TCL华星t6、t7工厂的运营主体，主要生产65 英寸及以上的超大尺寸显示产品；t6和t7两条产线均为全球领先的G11代TFT-LCD产线。 需指出的是，相较于此前收购时537亿元的估值，华星半导体估值有所上涨。根据评估报告，以2025年6 月30日为基准日，华星半导体采用资产基础法评估后的股东全部权益评估值为561.55亿 ...

TCL科技加快高世代产线公司少数股权收购，上市公司归母净利润将进一步增厚。 12月15日，TCL科技（000100）发布公告，控股子公司TCL华星光电技术有限公司（简称"TCL华星"）拟以现金60.45亿元购买深圳市重大产业发展一期基 金有限公司持有的深圳市华星光电半导体显示技术有限公司（简称"深圳华星半导体"）10.7656%的股权。交易完成后，公司合计控制深圳华星半导体的股 权比例将由84.2105%提高至94.9761%，预计公司盈利水平将得到有效提升。 根据公告，深圳华星半导体聚焦半导体显示业务，旗下拥有两条全球最高世代G11显示面板生产线，即TCL华星t6、t7工厂，主要从事大尺寸TFT-LCD显 示器件的生产、加工与销售，主要产品为大尺寸TFT-LCD显示器件，并根据客户需求提供定制化生产服务，产品主要应用于电视机、商显等领域。本次 对深圳华星半导体少数股权的收购，将有利于TCL科技进一步强化主业，提升其在半导体显示行业的核心竞争力。 资产质量方面，公告披露，截至2024年12月31日，深圳华星半导体总资产680.40亿元，净资产448.50亿元；2024年实现营业收入241.58亿元，净利润28 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ TCL科技加快高世代产线公司少数股权收购，上市公司归母净利润将进一步增厚。 12月15日，TCL科技（000100）发布公告，控股子公司TCL华星光电技术有限公司（简称"TCL华星"） 拟以现金60.45亿元购买深圳市重大产业发展一期基金有限公司持有的深圳市华星光电半导体显示技术 有限公司（简称"深圳华星半导体"）10.7656%的股权。交易完成后，公司合计控制深圳华星半导体的股 权比例将由84.2105%提高至94.9761%，预计公司盈利水平将得到有效提升。 根据公告，深圳华星半导体聚焦半导体显示业务，旗下拥有两条全球最高世代G11显示面板生产线，即 TCL华星t6、t7工厂，主要从事大尺寸TFT-LCD显示器件的生产、加工与销售，主要产品为大尺寸TFT- LCD显示器件，并根据客户需求提供定制化生产服务，产品主要应用于电视机、商显等领域。本次对深 圳华星半导体少数股权的收购，将有利于TCL科技进一步强化主业，提升其在半导体显示行业的核心竞 争力。 资产质量方面，公告披露，截至2024年12月31日，深圳华星半导体总资产680.40 ...

Core Insights - The signing of the third phase of the Wuxi Henglong Plaza project on December 9, 2025, marks the beginning of a super commercial cluster exceeding 600,000 square meters, focusing on revitalizing the city center and enhancing the commercial competitiveness of the Liangxi District [2][19] - Henglong Group's strategy "Henglong V.3" is being implemented in the Yangtze River Delta, aiming to address urban renewal challenges and reshape the Zhongshan Road core business circle [2][19] Group 1 - Wuxi Henglong Plaza has become a leading commercial entity outside Shanghai since its opening in 2013, contributing significantly to Henglong Group's revenue growth [4][21] - The project is strategically located at the intersection of Zhongshan Road and Renmin Middle Road, with direct access to subway lines, enhancing its market position [6][23] - The first and second phases of the project have successfully attracted over 250 global high-end brands, with many being first-time entrants to Wuxi and Jiangsu [6][25] Group 2 - The third phase will introduce over 80 new brands, expanding the retail space by approximately 47,000 square meters, increasing the total retail area by 38% to about 169,000 square meters [9][27] - Henglong's strategy focuses on experience-based retail and community connection, aiming to create a new urban lifestyle space for young consumers [10][27] - The project will enhance the overall value and appeal of Wuxi Henglong Plaza, reinforcing its status as a top commercial landmark in the region [16][33] Group 3 - The "Henglong V.3" strategy emphasizes asset optimization and aims to deepen existing market presence while enhancing customer experience [14][31] - The project is expected to complement the existing commercial landscape, fostering a collaborative business environment in the Zhongshan Road area [30][31] - Initiatives such as tax refund services and foreign currency payment options will enhance Wuxi's attractiveness as an international consumption center [31][33]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年11月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 恒隆集團有限公司 | | | 呈交日期: | 2025年12月4日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | 恒隆集團有限公司並無法定股本，及其股本並無股份面值。 | | | 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00010 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,361,618,24 ...

Core Points - A significant fire occurred in Hong Kong's Tai Po district, resulting in major casualties and prompting over 100 companies and foundations to donate for emergency relief and community recovery efforts, with total donations exceeding HKD 1.2 billion [2][4]. Donation Summary - Major companies such as Yuexiu Group donated HKD 10 million, while China Overseas and China State Construction contributed HKD 20 million [3]. - Tencent donated HKD 30 million, and Alibaba made an initial donation of HKD 20 million [3]. - Other notable contributions include HKD 30 million from the Li Ka Shing Foundation and HKD 12 million from the Chaozhou Association [4]. - The total amount of donations has surpassed HKD 1.2 billion as of the latest reports [4].

Group 1: Incident Overview - A major fire occurred in Hong Kong's Tai Po district, resulting in 94 fatalities, including one firefighter, and 76 injuries, with 11 being firefighters [1] - The Hong Kong government established a relief fund with an initial allocation of 300 million HKD to assist affected residents [1] Group 2: Corporate Donations - Alibaba Group announced a donation of 20 million HKD for immediate relief efforts and additional support for affected families [2] - Tencent Charity Foundation pledged a total of 30 million HKD, including an initial 10 million HKD and an additional 20 million HKD to the relief fund [2] - ByteDance (Hong Kong) and Baidu each committed 10 million HKD for emergency relief and community recovery efforts [2] Group 3: Additional Corporate Contributions - Various companies, including NetEase, Xiaomi, and Kuaishou, each donated 10 million HKD to support emergency relief and community recovery [3] - Anta Group and Bosideng Group each contributed 30 million HKD, while Li Ning Group and Xtep Group donated 20 million HKD each for disaster relief [4][5][6] - Other companies like 361°, Chow Tai Fook, and Nongfu Spring also made significant contributions, totaling millions in cash and supplies [7][8] Group 4: Broader Industry Response - Multiple sectors, including automotive, real estate, and finance, participated in the relief efforts, with companies like Chery Automobile and BYD each donating 10 million HKD [9][10] - Financial institutions and logistics companies, such as Didi and SF Express, also pledged substantial amounts for emergency aid and recovery efforts [15]

Core Viewpoint - The article discusses the upcoming transformation of the Meilong Town Plaza in Shanghai, which has been under scrutiny since its closure in August 2024. The operational rights are expected to be acquired by Hang Lung Group, with plans for significant redevelopment to enhance the commercial landscape of the area [3][4][6]. Group 1: Project Overview - The Meilong Town Plaza is located in the core commercial area of Nanjing West Road, with a total construction area of approximately 125,000 square meters, consisting of three underground levels and thirty-three above-ground levels. The renovation is set to begin in 2025 and is expected to take three years [6][9]. - The project aims to elevate the regional commercial capacity and establish an international consumption center in the "billion-dollar" commercial district [6][9]. Group 2: Partnership and Investment - Hang Lung Group's subsidiary, Hangyi Commercial Management (Shanghai) Co., Ltd., has been recommended as the commercial operation partner for the project, with plans to form a joint venture for operational management [6][9]. - The joint venture will be responsible for managing commercial, hotel, and office operations, with a minimum commercial area of 50,000 square meters. The commercial section is expected to open in early 2027, while the hotel and office spaces are projected to be operational by May 2028 [9][10]. - A minimum investment of 500 million yuan is required for the renovation of the hotel, shopping mall, and office areas, with the Shanghai Jiubai Group also contributing based on the final shareholding ratio [9][10]. Group 3: Strategic Implications - Following the completion of the Meilong Town Plaza renovation, Hang Lung Group's total managed commercial area on Nanjing West Road will approach 120,000 square meters, enhancing its competitive position in the market [10]. - In addition to acquiring the Meilong Town Plaza, Hang Lung Group has also secured a 20-year operational right for the Hangzhou Department Store, with a total rent of approximately 3.3 billion yuan, reflecting its strategy to expand project scale and visibility [10].

Core Insights - The renovated Meilong Town Plaza is set to open in early 2027, following its closure in August 2024, with significant interest from the market regarding its operational rights, which are expected to be acquired by Hang Lung Group [1][5] - The project is located in the core commercial area of Nanjing West Road and will undergo a comprehensive renovation starting in 2025, with a total construction area of approximately 125,000 square meters [5][7] Group 1 - The construction is scheduled to begin on July 4, 2025, and is expected to be completed by July 3, 2028, with Shanghai Jiubai Group as the designated construction unit [3] - The bidding results for the commercial operation cooperation project were announced on August 7, 2023, with Hang Lung's subsidiary, Hangyi Commercial Management (Shanghai) Co., Ltd., being recommended as the commercial operation partner [5][7] - The project will include a commercial area of no less than 50,000 square meters, with the commercial section opening in early 2027 and the office and hotel sections operational by May 2028 [7][8] Group 2 - The joint venture company formed for the project will be responsible for commercial, hotel, office operations, and property management, with an investment of no less than 500 million yuan for renovations [7] - Following the completion of the Meilong Town Plaza renovation, Hang Lung Group's total managed commercial area on Nanjing West Road will approach 120,000 square meters, enhancing its competitive position in the market [8] - Hang Lung Group has also secured a 20-year operational right for the Hangzhou Department Store, with a total rent of approximately 3.3 billion yuan, as part of its V.3 strategy to expand project scale and visibility [8]

Core Insights - The article highlights the revitalization of high-end consumption in Jing'an District, driven by innovative events and collaborations among brands, shopping malls, and the local government [1][3][10] Brand Resonance - The "Louis Vuitton Extraordinary Journey" and "HOME TO LUXURY" events exemplify successful brand collaborations, showcasing numerous luxury brands and launching hundreds of new and limited-edition products, creating a synergistic effect among brands [5][11] - The strategy includes attracting younger consumers by integrating trendy brands and local high-end offerings, leading to steady sales growth at key venues like Hang Lung Plaza [5][11] Shopping Mall Collaboration - The district's efforts to enhance commercial synergy include the development of the "Nanjing West Road Fashion Consumption Corridor," promoting complementary functions among various commercial entities [7][11] - Events like "Jing'an Fashion Consumption Season" and the introduction of new retail concepts have contributed to a vibrant shopping atmosphere, with extended operating hours and themed markets enhancing consumer engagement [7][8] Market Vitality through Business Model Innovation - Jing'an District is transitioning from short-term promotional activities to a sustainable consumption ecosystem, focusing on integrating "first-release economy" and "experience economy" [10][11] - The district's approach emphasizes the importance of a resilient commercial environment, with high-end consumption showing consistent growth despite market pressures [11][12] Mechanism Innovation and Ecosystem Building - The successful model in Jing'an is characterized by a collaborative mechanism involving government support, joint efforts among commercial entities, and mutual benefits for brands [11][12] - The district's strategy fosters deep trust and shared goals among stakeholders, enhancing the overall competitiveness of the commercial landscape [11][12]