第一上海(00227)发布公告，公司执行董事劳元一先生卸任提名委员会成员;及公司执行董事劳苑苑女士 获委任为提名委员会成员，于2025年12月11日生效。 ...

格隆汇12月11日丨第一上海(00227.HK)公告，自2025年12月11日生效：(i)公司执行董事劳元一卸任提名 委员会成员；(ii)公司执行董事劳苑苑获委任为提名委员会成员。 ...

智通财经APP讯，第一上海(00227)发布公告，公司执行董事劳元一先生卸任提名委员会成员;及公司执 行董事劳苑苑女士获委任为提名委员会成员，于2025年12月11日生效。 ...

第一上海投資有限公司 （於香港註冊成立之有限公司） （股份代號 : 227 ） 提名委員會 職權範圍 （於二零二五年十二月十一日起修訂及重列） 提名委員會（"委員會"）是第一上海投資有限公司（"本公司"）董事局（"董事局"） 的一部分，以行使其權力及就其表現對董事局負責。委員會將依照如下職權範圍開展工 作。 (A) 成員 (B) 會議 1/2 (1) 委員會由董事局委任，並由不少於三名成員組成，而至少一名成員為不同性 別。其中大部分須為獨立非執行董事。 (2) 董事局應委任董事局主席或任何一位乃是獨立非執行董事的成員擔任委員會的 主席 ("委員會主席＂)。 (3) 本公司的公司秘書（"公司秘書")應擔任委員會秘書。 (1) 會議的法定人數為兩名成員。 (2) 委員會應根據需要不時召開會議，但每年不少於一次。 (3) 如委員會主席或其委任的代表缺席會議，出席會議的成員應選出他們其中 一人為該次會議的主席。 (4) 委員會的任何成員可要求召開委員會會議。 (5) 公司秘書須在會議召開後一個月內向所有委員會成員提交會議紀要的草稿 和最終稿供他們審議和存檔。 (C) 職責、權力和職能 (i) 至少每年檢討董事局的結構 ...

第一上海投資有限公司 (於香港註冊成立之有限公司) (股份代號: 227) 董事名單與其角色和職能 第一上海投資有限公司（「本公司」）董事（「董事」）會（「董事會」）成員載列如下。 執行董事 勞元一先生 辛樹林先生 楊偉堅先生 勞苑苑女士 非執行董事 獨立非執行董事 劉吉先生 俞啟鎬先生 周小鶴先生 李之耘先生 董事會設立三個委員會。下表提供各董事會成員在這些委員會中所擔任的職位。 | 董事 | 提名委員會 | 薪酬委員會 | 審核委員會 | | --- | --- | --- | --- | | 勞元一先生 | | M | | | 辛樹林先生 | | | | | 楊偉堅先生 | | | | | 勞苑苑女士 | M | | | | 郭琳廣先生 銀紫荊星章，太平紳士 | | | M | | 劉吉先生 | | | M | | 俞啟鎬先生 | C | M | C | | 周小鶴先生 | M | C | M | | 李之耘先生 | | | M | 附註： C : 有關委員會的主席 M : 有關委員會的成員 香港，二零二五年十二月十一日 郭琳廣先生 銀紫荊星章，太平紳士 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 (i) 本公司執行董事勞元一先生卸任提名委員會成員；及 (ii) 本公司執行董事勞苑苑女士獲委任為提名委員會成員。 於作出上述變動後，提名委員會包括三名成員，即俞啟鎬先生（主席）、勞苑苑女士 及周小鶴先生。 上述變動是根據香港聯合交易所有限公司證券上市規則附錄C1所載企業管治守則第 B.3.5條作出。董事會相信上述變動可實現提名委員會內部的多元化，並進一步提升公 司整體治理水準。 董事會謹藉此機會向勞元一先生於擔任提名委員會成員期間對本公司作出的寶貴貢獻 表示衷心感謝，並熱烈歡迎勞苑苑女士獲擔任提名委員會新職務。 第一上海投資有限公司 (於香港註冊成立之有限公司) (股份代號: 227) 提名委員會組成變更 第一上海投資有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣 佈，本公司提名委員會（「提名委員會」）的組成作出以下變動，自二零二五年十二 月十一日生效： 承董事會命 第一上海投資有限公司 ...

Core Viewpoint - Ideal Automotive (02015) is projected to experience a decline in vehicle sales revenue in Q3 2025, with a significant drop of 37.4% compared to Q3 2024, and a 10.4% decrease from Q2 2025, indicating potential challenges in maintaining revenue growth in the near term [1][3]. Group 1: Financial Performance - The vehicle sales revenue for Q3 2025 is estimated at RMB 259 billion (approximately USD 36 billion), down from RMB 413 billion in Q3 2024 [1][3]. - The vehicle gross margin for Q3 2025 is projected to be 15.5%, a decrease from 20.9% in Q3 2024 and 19.4% in Q2 2025. Excluding the estimated costs related to the recall of the Ideal MEGA, the gross margin would be 19.8% [1][3]. Group 2: Product Development and Market Strategy - Ideal Automotive's electric models, particularly the Ideal i8 and i6, are showing strong demand, with total orders exceeding 100,000 units [1][3]. - Starting in November, Ideal Automotive will implement a dual battery supplier model for the i6 to address supply chain constraints, with plans to increase monthly production capacity to 20,000 units by early next year [1][3]. - The L series is set for a new redesign in 2026, focusing on a streamlined SKU setup to enhance market coverage and supply efficiency, while also improving luxury feel and user experience [2][4]. Group 3: Future Projections - Following the product upgrade cycle, the company anticipates a recovery in sales growth, with projected sales of 400,000 units in 2025, 490,000 units in 2026, and 670,000 units in 2027. Corresponding revenues are expected to be RMB 1,122 billion, RMB 1,345 billion, and RMB 1,715 billion respectively [2][4]. - The net profit attributable to the parent company is forecasted to be RMB 11 billion in 2025, RMB 28 billion in 2026, and RMB 58 billion in 2027 [2][4]. - The company is expected to achieve a price-to-sales ratio of 1.2 in 2026, leading to a target stock price of USD 20.69 (HKD 87.85), indicating an upside potential of 15% and 26% from current prices [2][4].

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: | 第一上海投資有限公司 | | | 呈交日期: | 2025年12月3日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 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 (A). 股份期權（根據發行人的股份期權計劃） | 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) | 00227 | | 說明 | | | | | | | | | | 股份期權計劃詳情 | 上月底結存的股份期權數 | | 本月內變動 | | 本月底結存的股份期權數 | | 本月內因此發行 ...

Core Viewpoint - The company, Qianbadu (01028), has engaged in a significant stock issuance and warrant offering, indicating a strategic move to raise capital despite a discount on the share price compared to the market closing price [1] Group 1: Stock Deposits - On November 26, shareholders of Qianbadu deposited stocks worth HKD 317 million into First Shanghai Securities, representing 19.05% of the total shares [1] Group 2: Capital Raising - Qianbadu announced that on October 29, 2025, it will issue a total of 415.4 million subscription shares at a price of HKD 0.205 per share, which is approximately 16.67% lower than the last trading price of HKD 0.246 [1] - The total subscription price for the shares is HKD 85.157 million [1] - Additionally, the company will issue 474.5 million warrants at a price of HKD 0.036 each, with each warrant allowing the holder to subscribe for one share at an exercise price of HKD 0.28 [1]

Core Viewpoint - First Shanghai maintains a "Buy" rating for Sands China (01928) with a target price of HKD 25.11, citing strong performance in Q3 2025 and confidence in the group's long-term development [1] Group 1: Q3 2025 Performance Overview - The overall performance in Q3 2025 was strong, with net revenue increasing by 7.3% year-on-year and 6.1% quarter-on-quarter to USD 1.9 billion, recovering to 90% of 2019 levels [1] - VIP business saw a decline of 16.3% year-on-year and 5.2% quarter-on-quarter, recovering to 34% of 2019 levels [1] - Mass market business grew by 12.1% year-on-year and 9.0% quarter-on-quarter, with high-end mass market up 6.3% year-on-year and 10.8% quarter-on-quarter, and mass market up 18.6% year-on-year and 7.3% quarter-on-quarter [1] Group 2: Retail Business Performance - Gross revenue and operating profit in the retail segment increased by 4.0% and 4.6% year-on-year, and 4.0% and 3.7% quarter-on-quarter, respectively [2] - Hotel occupancy rate was 96.8% with an average price of USD 230 [2] - Adjusted EBITDA grew by 2.7% year-on-year and 6.2% quarter-on-quarter to USD 600 million, recovering to 80% of 2019 levels [2] Group 3: Performance of Individual Casinos - Revenue from various casinos: Venetian Macao at USD 692 million, Londoner at USD 686 million, Parisian at USD 218 million, Four Seasons at USD 206 million, and Sands Macao at USD 72 million [3] - Adjusted EBITDA for these casinos: USD 242 million for Venetian, USD 219 million for Londoner, USD 53 million for Parisian, USD 102 million for Four Seasons, and USD 8 million for Sands, with recovery rates to 2019 levels at 71%, 130%, 44%, 136%, and 15% respectively [3] Group 4: Other Key Points - The group's market share has rebounded due to the full service of the second phase of the Londoner and new promotional strategies [4] - Short-term EBITDA is expected to reach USD 2.7-2.8 billion, with growth in the VIP segment driven by super VIP clients and increased market liquidity [4] - The group has repurchased USD 340 million in shares, increasing its ownership stake to 74.76% [4]