格隆汇11月21日丨福寿园(01448.HK)公告，石晓北、陈贵及伍超豪均已获董事会委任为非执行董事，自 2025年11月21日生效。 ...

福寿园(01448)发布公告，石晓北先生、陈贵先生及伍超豪先生均已获董事会委任为非执行董事，自 2025年11月21日生效。 ...

智通财经APP讯，福寿园(01448)发布公告，石晓北先生、陈贵先生及伍超豪先生均已获董事会委任为非 执行董事，自2025年11月21日生效。 ...

Fu Shou Yuan International Group Limited 福壽園國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1448） | 董事 | 審核委員會 | 薪酬委員會 | 提名委員會 | 合規委員會 | | --- | --- | --- | --- | --- | | 白曉江先生 | | | C | | | 談理安先生 | | M | | | | 王計生先生 | | | M | | | Huang James Chih-Cheng | 先生 M | | | | | 羅祝平先生 | | | | | | | M | C | M | M | | 何敏先生 | C | | M | M | | 梁艷君女士 | | M | M | C | | 陳欣先生 | M | | | | | 石曉北先生 | | | | | | | | M | M | | | 陳貴先生 | | | | M | | 伍超豪先生 | | | | | | | M | | | | 附註： C 指有關董事委員會的主席 M 指有關董事委員會的成員 董事名單與其角色及職能 獨立非執行董事： 羅祝平先生 何敏先生 梁艷君女士 ...

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，概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Fu Shou Yuan International Group Limited 福壽園國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1448） (1)委任獨立非執行董事 及 (2)董事委員會組成變動 – 1 – 國之公司麥格理投資顧問（北京）有限公司之董事長以及董事總經理。於二零一二年 至二零一七年，石先生於中信產業投資基金管理有限公司擔任跨境投資執行董事及 董事總經理。於二零一五年五月至二零二二年五月，石先生先後任北控清潔能源集 團有限公司（一家聯交所主板上市公司，股份代號：1250，後更名為山高新能源集 團有限公司）之執行董事、行政總裁及薪酬委員會成員。於二零一七年至二零二二 年，石先生於香港之中信產業投資基金管理有限公司擔任董事總經理及投資委員會 委員。彼於香港及中國內地銀行及投資服務領域擁有20餘年經驗。 於本公告日期，石先生概無於本公司股份中擁有香港法例第571章證券及期貨 ...

陵园墓地产业链包括上游原材料供应、中游建设运营、下游相关配套产业。陵园墓地产业链上下游协同 发展，上游为中游提供原材料，中游的建设运营需要下游的服务配套，共同为消费者提供完整的殡葬服 务。产业链各环节受政策、市场需求等因素影响，不断向绿色、智能、个性化方向发展。 2024年中国殡葬服务市场规模已超3600亿元，这一体量由人口老龄化与殡葬需求升级共同支撑——全国 60岁以上人口达3.1亿，2024年死亡人数约1093万，较四年前增长10%。政策推动的绿色转型与消费观 念转变，正重塑这一规模庞大的市场格局。 全球陵园墓地行业竞争中，国外以SCI为代表的头部企业占据主导，凭借超400座公墓的全球布局形成 规模优势。国内市场分三大梯队：第一梯队以福寿园为核心，通过并购覆盖40余城并布局数字化服务； 第二梯队是福成股份等上市企业，聚焦区域并购扩张；第三梯队为地方国有及中小民营陵园，依托地域 资源占据本地市场。 华经产业研究院为助力企业、科研、投资机构等单位了解陵园墓地行业发展态势及未来趋势，特重磅推 出《2026-2032年中国陵园墓地行业发展前景展望及投资战略研究报告》，本报告由华经产业研究院研 究团队对陵园墓地行业 ...

Core Conclusions - The market is expected to refocus on investment opportunities in smart vehicles in Q4, driven by the ongoing AI trend and the advancement of L4 capabilities in autonomous vehicles like Robotaxi [2][3] - Key catalysts for smart vehicle development in Q4 include Tesla's V14 release, XPeng's 2026 Robotaxi production plan, and the introduction of new autonomous vehicles by various companies [2] - The report anticipates a significant acceleration in the entry of core players into the L4 market by 2026, marking a pivotal year for Robotaxi [2] Comparison with Last Year - Similarities with last year's Q4 include the spread of AI applications, but this year emphasizes the evolution of AI logic rather than a resonance with automotive logic [3] - The focus has shifted from hardware opportunities and consumer sales to software opportunities and breakthroughs in B2B applications [3] Investment Recommendations - The report suggests a preference for Hong Kong stocks over A-shares, with a focus on software over hardware and B2B over B2C [6] - Recommended investment combinations include XPeng Motors, Horizon Robotics, and Cao Cao Mobility [6] - Key targets from the perspective of Robotaxi include integrated models (Tesla, XPeng, Qianli Technology) and technology providers (Horizon Robotics, Baidu, Pony.ai) [6] Smart Vehicle Market Overview - The report highlights the improvement in autonomous driving capabilities among various automakers, with XPeng, Huawei, and Li Auto leading the first tier [7] - The penetration rate of smart driving in urban areas reached 23.0% in August, with XPeng's smart driving penetration hitting 76.1% [7] - The report notes a significant increase in the sales of smart vehicles, with a projected growth in the Robotaxi market from 0-30% penetration by 2030 [15] Future Outlook - The core task for automotive intelligence from 2025 to 2027 is to achieve a penetration rate of 50%-80% for new energy vehicles [15] - By 2028-2030, Robotaxi is expected to achieve large-scale commercialization, marking a significant breakthrough in the automotive industry [15] Smart Vehicle Supply Chain Tracking - The report provides a detailed analysis of the smart vehicle supply chain, including hardware components (sensors, chips) and software solutions [10] - Key companies in the hardware segment include Sunny Optical, Nvidia, and Desay SV [10] - In the software segment, notable companies include WeRide, Momenta, and Pony.ai [10] Consumer Willingness to Pay - The report discusses consumer willingness to pay for smart features, indicating a growing acceptance of smart driving technologies [13] - The analysis includes projections for the domestic market size of Robotaxi, estimating significant growth in sales and market penetration [14]

公司名稱: 福壽園國際集團有限公司 呈交日期: 2025年11月3日 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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 I. 法定/註冊股本變動 | 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) | 01448 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | | 上月底結存 | | | 20,000,000,000 | USD | | 0.01 USD | | 200,000,000 | | | 增加 / 減少 (-) | | | 0 | | | USD | | | 0 | | 本月底結存 | | | 20,000,000,000 | USD | | 0.01 USD | | 200,000,000 | | ...

Core Insights - Fushouyuan, a major player in the funeral industry, reported its first loss since going public, with a revenue decline of 44.5% and a net loss of 261 million yuan in the first half of 2025 [2][10] - The company's previous business model, characterized by high-priced burial plots and strong profitability, is now under scrutiny as it faces significant challenges [2][10] Historical Context - Founded in 1994, Fushouyuan was one of the first compliant private funeral service providers in China, rapidly expanding its operations across 19 provinces and over 40 cities [4] - After its successful IPO in 2013, the company maintained impressive financial performance, with gross margins consistently above 92%, peaking at 92.8% [4][6] Business Model and Profitability - The majority of Fushouyuan's profits came from its core business of operating burial plots, which are priced based on market demand rather than government regulations [6] - The average price of a burial plot increased from 111,000 yuan in 2021 to 119,400 yuan in 2023, with customized options reaching up to 500,000 yuan [6][10] Current Challenges - In the first half of 2025, the average price of burial plots plummeted nearly 50% to 63,400 yuan, with sales volume decreasing by 6.7% [10] - The decline in sales is attributed to three major trends: a shift towards more rational consumer spending due to economic pressures, changing societal attitudes towards funeral expenses, and increased regulatory scrutiny aimed at reducing excessive profits in the funeral industry [10][15] Societal and Regulatory Changes - The concept of "thick nurturing and thin burial" is gaining traction, with more individuals prioritizing care for the elderly during their lifetime over extravagant funeral expenses [12][13] - Recent policy proposals from the Ministry of Civil Affairs emphasize the need for non-profit operations in the funeral sector, signaling a shift away from profit-driven models [15][17] Industry Outlook - The losses experienced by Fushouyuan reflect broader changes within the funeral industry, indicating a need for a balance between commercial operations and public service [17] - The company must explore new directions for sustainable operations while maintaining service accessibility and adapting to evolving consumer preferences [17]

Core Viewpoint - The recent "Autumn Charity Eco-Burial" event at Liaoning Guanyin Mountain Fushou Garden successfully combined innovative memorial methods with ecological burial practices, creating a warm emotional space for supporters of eco-burials [1][5]. Group 1: Event Highlights - The event commenced with soothing music and included a ceremony where the deputy general manager of Liaoning Guanyin Mountain Fushou Garden presented "Public Welfare Practitioner" certificates to family representatives, honoring their support for green funerals [3]. - The memorial segment featured rituals such as "fragrant offerings" and "tea offerings," conveying deep respect for the deceased [3]. - Innovative forms like "digital memorials" and "cloud-based remembrance" were utilized, leveraging technology to provide families with unique emotional comfort [3]. Group 2: Future Directions - The charity eco-burial event integrated ecological concepts, humanistic care, and modern technology, offering families a platform for emotional support while promoting a new trend in green funerals [5]. - A representative from Liaoning Guanyin Mountain Fushou Garden indicated that the organization will continue to explore new paths in funeral services, aiming to return life to nature in a more meaningful way and contribute to ecological civilization [5].