【财报数据】 中国铁塔(00788)发布中期业绩 股东应占利润57.57亿元 同比增长8.0% 两翼业务收入占比突破14% 创科实业(00669)发布中期业绩 股东应占溢利6.28亿美元 同比增加14.17% 每股派1.25港元 百胜中国(09987)发布第二季度业绩，经营利润3.04亿美元 同比增长14% 子不语(02420)发盈喜 预计中期收入同比增长约30%-40%至19亿-20.47亿元 时代天使(06699)发盈喜，预期上半年净利润约1340万美元至1480万美元，同比增长约538.1%至604.8% 博雅互动(00434)发盈警 预计中期股东应占利润减少约25%至35%左右 珍酒李渡(06979)发盈警，预期中期股东应占净利润下降23%至24% 第四范式(06682)预期中期经调整净亏损同比收窄68%至73% 【重大事项】 石药集团(01093)：司美格鲁肽注射液的上市申请获国家药品监督管理局受理 歌礼制药-B(01672)完成小分子口服GLP-1R激动剂ASC30美国IIa期研究肥胖或超重受试者入组 中国生物制药(01177)：TQC3302"ICS/LAMA/LABA软雾吸入制剂"临床试验申请 ...

目标公司为一间于中国注册成立的有限责任公司。目标集团主要从事为企业及个人客户提供多元化的直 播电商及电商运营培训解决方案，为客户提供线上线下课程及专属直播电商合作的业务。 集团战略性收购目标集团，旨在进一步提升集团在新媒体服务领域的综合服务能力和核心竞争力，同时 巩固集团在直播电商领域的竞争优势和市场影响力。收购完成后，集团将在多方位、多角度进行资源整 合，加强集团现有新媒体业务与目标集团的业务间的协同效应，从而为股东创造更大价值： 1.提升人才能力 格隆汇8月5日丨交个朋友控股(01450.HK)公告，于2025年8月5日，该等卖方(龙泉莽原科技合伙企业、 李亮、李钧、龙泉交个朋友科技、李响)与该附属公司交个朋友优选科技有限公司(作为买方)订立股权购 买协议，据此，该等卖方有条件同意出售而该附属公司有条件同意收购销售股权(相当于目标公司杭州 交个朋友教育科技有限公司100%股权)，总代价为人民币1.8亿元。 完成后，目标公司将成为公司的间接全资附属公司，而目标公司的综合财务业绩将于公司的综合财务报 表中合并入账。 3.丰富直播内容与知识沉淀 目标集团丰富的课程内容、实战案例库及前沿行业洞察，将成为集团的重要 ...

据悉，目标集团主要从事为企业及个人客户提供多元化的直播电商及电商运营培训解决方案，为客户提 供线上线下课程及专属直播电商合作的业务。 智通财经APP讯，交个朋友控股(01450)公布，于2025年8月5日( 交易时段后 )，公司的间接全资附属公 司交个朋友优选科技有限公司拟收购杭州交个朋友教育科技有限公司100 %股权，总代价为人民币1.8亿 元。 ...

Market Overview - The Hong Kong stock market opened mixed on July 11, with the Hang Seng Index slightly up by 0.02%, while the Hang Seng Tech Index and the China Enterprises Index fell by 0.28% and 0.06% respectively [1] Industry Insights - Huatai Securities suggests that the current Hong Kong tech sector is at a convergence of "valuation trough" and "industry transformation," with the interplay of capital, policy, and technology enhancing its investment value [2] - China Galaxy Securities indicates that despite rising global macro risks, the absolute valuation of Hong Kong stocks remains relatively low, presenting medium to long-term investment value, particularly in the tech sector due to strong policy support and growth potential [3] - Citic Securities anticipates that ongoing reforms in the Hong Kong listing system will improve asset quality and liquidity, with continued inflow of southbound capital [3] Company News - Xiaomi Group reported that it has delivered over 300,000 vehicles within 15 months of launching its automotive division, raising its annual delivery target for 2025 to 350,000 units [7] - WuXi AppTec expects its revenue for the first half of 2025 to reach approximately 20.799 billion yuan, a year-on-year increase of about 20.64%, with adjusted net profit projected to grow by approximately 44.43% to around 6.315 billion yuan [7] - Dongyue Group anticipates a significant year-on-year increase of about 150% in net profit for the first half of the year [8] - "Jia Ge Peng You" Holdings reported a cumulative GMV of approximately 6.98 billion yuan for the first six months, reflecting a year-on-year growth of about 17.11% [9] - Datang Renewable completed a power generation volume of approximately 18.88 million MWh in the first half of the year, marking a year-on-year increase of 10.22% [10]

Core Insights - The company "交个朋友" achieved impressive results during the 618 shopping festival, with a total GMV of 2.1 billion yuan, a year-on-year increase of 17.2%, and over 6 million orders [1] - The success of the digital human live streaming, supported by advanced AI technology, highlights the strategic value of AI in driving future growth [1][4] - The collaboration with Baidu's digital human technology set new records in live streaming sales, with total GMV reaching 55 million yuan and over 13 million views [2][5] Company Performance - During the 618 event, "交个朋友" helped 13 partner brands achieve GMV exceeding 10 million yuan, while over 400 brands reached 1 million yuan in GMV [6] - The company established a leading "five-round selection mechanism" to ensure high-quality products and services for consumers [6] - The "朋友云" live streaming platform supported over 5,000 live streams, processing 820,000 product selection processes and completing 870,000 compliance reviews [6] Technological Innovation - The digital human live streaming technology includes five core modules, enhancing the realism and interactivity of the broadcasts [5] - The AI technology applied in various business processes significantly improved user experience and conversion rates [6] - Digital human live streaming offers advantages over traditional live streaming, such as 24/7 operation and reduced costs during non-peak hours [7] Industry Trends - The live streaming e-commerce industry is shifting from scale expansion to quality improvement and technology-driven development [6] - The strategic partnership between Baidu and "交个朋友" is expected to facilitate the rapid implementation of new applications, such as 24-hour live streaming and cross-border real-time translation [7] - The innovative collaboration between human and digital hosts is anticipated to unlock new growth opportunities and reshape the value of the live streaming e-commerce sector [7]

Financial Performance - The total gross merchandise volume (GMV) reached RMB 15.08 billion, solidifying the company's leading position in the industry[5] - Revenue for the reporting period was approximately RMB 1.25 billion, an increase of about 16.4% compared to RMB 1.07 billion for the same period last year[10] - Net profit was approximately RMB 70 million, a decrease of 36.6% year-on-year, while adjusted net profit was about RMB 120 million, down 32.4%[10] - The group's total revenue increased by approximately 16.4% to about RMB 1.25 billion, up from RMB 1.07 billion in the previous year[18] - Revenue from the new media services segment accounted for approximately 91.0% of total revenue, growing from about RMB 988.73 million to RMB 1.14 billion[19] - The broadcasting business segment's revenue rose from approximately RMB 85.6 million to about RMB 112.4 million, representing a growth in contribution to total revenue from 8.0% to 9.0%[20] - The group's gross profit for the reporting period was approximately RMB 606.7 million, up about 7.0% from approximately RMB 566.9 million in the same period last year, with a gross margin of 48.5% compared to 52.8% last year[24] - The gross margin of the new media services segment decreased from approximately 54.0% in the same period last year to approximately 50.5% during the reporting period[25] Operational Strategy - The company aims to optimize cost structure and enhance operational efficiency to address market challenges and improve profitability[10] - The company has developed an AI-driven intelligent operation system for live e-commerce, enhancing supply chain efficiency and user engagement[6] - The strategic focus includes deepening AI and big data applications to improve product selection accuracy and operational efficiency[7] - The company plans to explore new cross-border trade models to capitalize on global e-commerce market growth trends[7] - The company is focusing on refined operations and profitability optimization to achieve sustainable high-quality development amid rising costs and market competition[11] - The smart middle platform "Friend Cloud" has been fully upgraded to achieve end-to-end digital management, significantly enhancing operational efficiency through AI technology[13] - The introduction of the "live streaming + science popularization" model has expanded the boundaries of live commerce into the high-tech sector, enhancing consumer trust in domestic technology brands[13] Cost and Expenses - The group's sales costs increased by approximately 26.9% to about RMB 643.8 million, up from RMB 507.4 million in the previous year[21] - The sales cost of the new media services segment increased from approximately RMB 454.8 million in the same period last year to approximately RMB 563.9 million during the reporting period, representing a growth of about 24.0%[22] - The sales cost of the broadcasting business segment rose from approximately RMB 52.6 million in the same period last year to approximately RMB 79.9 million during the reporting period, an increase of about 51.9%[23] - Administrative expenses rose from approximately RMB 173.6 million in the same period last year to approximately RMB 192.5 million during the reporting period, an increase of about 10.9%[28] Profitability and Cash Flow - The profit attributable to the owners of the company for the reporting period was approximately RMB 81.7 million, down from approximately RMB 119.5 million in the same period last year[32] - The net cash outflow from operating activities during the reporting period was approximately RMB 27.6 million, compared to a net inflow of approximately RMB 183.0 million in the same period last year[35] - The net financial expenses decreased from approximately RMB 13.3 million in the same period last year to approximately RMB 8.2 million during the reporting period, a reduction of about 38.3%[30] Share Incentive Plan - The 2022 Share Award Scheme allows for a maximum of 131,127,099 shares to be issued, representing 9.47% of the total issued shares as of the report date[45] - The maximum number of shares that can be awarded to participants under the 2022 Share Award Scheme is capped at 1% of the issued share capital as of December 8, 2022[48] - The company granted a total of 15,169,920 incentive shares on April 10, 2024, and 3,913,610 incentive shares on October 10, 2024, under the 2022 Share Incentive Plan[55] - The fair value of the incentive shares granted in the first half of 2024 is estimated at HKD 22,299,782, while the second half is estimated at HKD 4,618,060[56] - The total number of unvested shares as of December 31, 2024, is 12,022,968, representing approximately 12.6% of the total shares granted[60] - The total number of shares granted under the 2022 share incentive plan is 95,052,480, with 60,562,488 shares currently vested[63] - The company has a vesting schedule that includes 30% for shares granted on various dates, with specific vesting periods outlined[58] Governance and Compliance - The company is committed to compliance management innovations, ensuring a robust risk warning mechanism across its operations[6] - The company has established long-term cooperative relationships with its suppliers[130] - The company actively seeks customer feedback to ensure continuous improvement in service quality[129] - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[135] - The company has adhered to the corporate governance code and all its provisions for the fiscal year ending December 31, 2024[136] - The roles of the chairman and the CEO are clearly separated to ensure distinct responsibilities[145] - The company has established a securities trading code applicable to all directors and relevant employees[138] Risk Management - The company faces significant risks including technological lag, which could impact operational efficiency and long-term competitiveness[184] - The company has implemented strict supplier admission reviews and dynamic product qualification checks to ensure compliance and quality of listed products[187] - The legal compliance department actively tracks e-commerce regulations to ensure operations meet legal requirements and protect intellectual property rights[188] - The company has established a closed-loop mechanism for intellectual property protection, focusing on prevention, monitoring, and enforcement[188] - The board and senior management are responsible for evaluating and determining the nature and extent of risks undertaken to achieve strategic objectives[182] Leadership and Management - Mr. Li Liang was appointed as CEO and Chairman of the Investment Committee on December 5, 2024, and holds 44,628,200 shares, representing approximately 3.21% of the total issued shares[66] - Mr. Lu Zhisen, the founder and Executive Director, has over 36 years of experience in the broadcasting and television industry, contributing to the overall business strategy and operations of the group[69] - Ms. Zhao Huili, appointed as Executive Director on September 29, 2021, holds 1,000,000 shares, representing about 0.07% of the total issued shares, and has been granted 1,200,000 incentive shares under the 2022 Share Incentive Plan[70] - The company has a diverse board with members holding significant shares and extensive industry experience, enhancing its governance and strategic direction[66][67][68][70][72][73][74] Employee and Board Diversity - The company emphasizes equal employment opportunities and non-discrimination across all levels[173] - The company has achieved its targets of at least 10% female directors, 50% female senior management, and 50% female employees[173] - The current board composition includes 6 male directors and 1 female director, with age distribution across various ranges[169] - The gender ratio among employees shows 14.3% female directors, 66.7% female senior management, and 53.9% female employees overall[173] Shareholder Relations - The group did not recommend the distribution of a final dividend for the year ending December 31, 2024 (2023: none) [83] - The company repurchased a total of 6,188,000 ordinary shares at a total cost of HKD 7,952,000 (approximately RMB 7,364,000) during the reporting period [89] - The board believes that the share buyback demonstrates confidence in the company's business outlook and will ultimately benefit the company and create value for shareholders [90]

交个朋友控股公告，2025年第一季度，公司合计完成商品交易总额(GMV)超过人民币32亿元，较2024年 第一季度增长超过31.6%。本集团为中国领先的全媒体服务提供商，主要为新媒体平台、行业客户、广 播机构等提供全案视频应用服务，包括直播、视频内容制作、产品销售及运维等服务。 ...

前不久，公司以一场"新质生产力2.0"创新实验惊艳行业。全球首个AI机器人主播"宇树G1"亮相淘宝直 播间，1分钟内创下100万元销售额，话题迅速登顶淘宝热搜。这场直播不仅展示了机器人带货的潜力， 更通过与人类主播的趣味互动，定义了人机协同的未来场景。"五周年战报"显示，活动期间公司"新质 生产力直播间2.0"累计场观超过914万人次，全网相关话题曝光量过亿，吸引杭州"六小龙"的半壁江山 助阵，彰显科技与商业的深度联动。 直播电商历经五年狂飙，正从"网红经济"转向"品质直播"的深水区。公司凭借严格品控和用户信任逆势 增长。面向下一个五年，交个朋友控股将AI深深植入到公司的核心战略中，全面推动产业链效率革 新。以深化"信任契约"为支撑，通过全流程透明化与消费者共建长期价值，持续赋能品牌跨越增长鸿 沟；同步推进"技术+产业"复合型人才体系建设，依托"AI工具链+知识图谱+实战赋能"体系打造"产业路 由器"式组织内核，为AI战略落地提供核心驱动力。这一战略标志着公司正以AI为轴心，重构直播电商 的未来生态。 本报讯 （记者矫月）近日，交个朋友控股有限公司（以下简称"交个朋友控股"，01450.HK）在其官方 微信公 ...

智通财经APP讯，交个朋友控股(01450)发布截至2024年12月31日止年度业绩，该集团取得收入人民币 12.51亿元(单位下同)，同比增长16.4%;调整后利润净额1.22亿元，同比减少32.4%;公司拥有人应占利润 8170.8万元，同比减少31.6%;每股基本盈利6.07分。 于报告期间，本集团的收入约12.5亿元，较去年同期约10.7亿元相比，增长约16.4%;然而，受市场环境 及短期扩张带来的费用上涨等因素影响，净利润约为0.7亿元，同比下降36.6%。经调整后净利润约1.2 亿元，同比下降32.4%。尽管净利润有所下降，但我们在新媒体服务板块的持续深耕与创新，以及在技 术发展、数字化建设及合规建设等领域的投入，为长远发展奠定了坚实的基础。未来，我们将进一步优 化成本结构，提升运营效率，以应对市场挑战，推动盈利能力的稳步回升。 2024年，我们在充满挑战的市场环境中，凭藉坚定的战略定力和高效的执行力，依然于全媒体行业中处 于显著领先地位，实现了质量更高的发展。这一成就得益于本集团在2019年的战略布局，我们依托在全 媒体领域积累的深厚技术与经验，通过科技创新、组织优化和战略合作等举措，精准抓住了 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was approximately RMB 1.25 billion, an increase of 16.4% compared to RMB 1.07 billion in the same period last year[5] - Net profit for the year was approximately RMB 0.72 billion, a decrease of 36.6% compared to RMB 1.14 billion in the previous year[5] - Adjusted net profit was approximately RMB 1.22 billion, down 32.4% year-on-year[5] - The company's revenue increased by approximately 16.4% to about RMB 1.25 billion in the reporting period, up from RMB 1.07 billion in 2023[15] - The new media services segment accounted for approximately 91.0% of total revenue, generating about RMB 1.14 billion, an increase from RMB 988.7 million in the previous year[15] - The broadcasting business segment's revenue rose to approximately RMB 112.4 million, representing about 9.0% of total revenue, up from RMB 85.6 million in the same period last year[16] - The total revenue for 2024 reached CNY 1,250,504,000, an increase of 16.4% compared to CNY 1,074,335,000 in 2023[51] - Gross profit for 2024 was CNY 606,744,000, representing a gross margin of 48.5%, compared to CNY 566,910,000 in 2023[51] - Net income for 2024 was CNY 72,230,000, a decrease of 36.6% from CNY 113,971,000 in 2023[52] Cost and Expenses - The group's sales cost increased by approximately 26.9% from RMB 507.4 million in the previous year to about RMB 643.8 million in the reporting period[17] - The sales cost of the new media services segment rose from approximately RMB 454.8 million to about RMB 563.9 million, an increase of about 24.0%[18] - The sales cost of the broadcasting segment increased by approximately 51.9%, from RMB 52.6 million to about RMB 79.9 million, primarily due to rising procurement costs for integrated transmission projects[19] - Operating expenses increased to CNY 319,259,000 in 2024, up from CNY 261,678,000 in 2023, reflecting a rise of 22%[51] - Employee benefits expenses rose to RMB 409,828 thousand in 2024, up from RMB 352,819 thousand in 2023, an increase of 16.2%[83] - Service costs increased to RMB 554,060 thousand in 2024 from RMB 449,769 thousand in 2023, representing a growth of 23.1%[83] Profitability and Margins - The gross profit margin for new media services was 50.4%, while the broadcasting business showed a slight decline to 28.9%[3] - The group's gross profit for the reporting period was approximately RMB 606.7 million, up about 7.0% from RMB 566.9 million in the previous year[20] - The gross profit margin decreased from approximately 52.8% to about 48.5% in the reporting period[20] - Basic earnings per share for 2024 were CNY 6.07, down from CNY 9.05 in 2023[51] Cash Flow and Financing - Cash flow from operating activities for the reporting period showed a net outflow of approximately RMB 27.6 million, compared to a net inflow of RMB 183.0 million in the same period last year[31] - Cash flow from financing activities resulted in a net inflow of approximately RMB 52.5 million, contrasting with a net outflow of RMB 10.3 million in the same period last year[32] - Total bank and other borrowings increased from approximately RMB 133.9 million as of December 31, 2023, to approximately RMB 212.1 million as of December 31, 2024[32] - The net debt-to-equity ratio as of December 31, 2024, is approximately 17.0%, up from 0.1% in 2023, primarily due to increased bank borrowings to enhance capital efficiency[38] Strategic Initiatives - The company plans to optimize cost structure and enhance operational efficiency to address market challenges and improve profitability[5] - The company is focusing on digital transformation solutions tailored for traditional industries to promote healthy development in the e-commerce sector[8] - The company aims to explore overseas market opportunities and expand its international market growth through localized operations and intelligent supply chain management[14] - The company plans to enhance operational efficiency and cost optimization through technological innovation and precise investment strategies[14] - The company plans to focus on market expansion and new product development in the upcoming year[51] Awards and Recognition - The company received multiple awards, including the "2024 Douyin E-commerce Annual Influential Organization" and the "2024 Tmall Golden Makeup Award," recognizing its outstanding performance and future development potential[10] Employee and Operational Metrics - The total number of employees as of December 31, 2024, is 1,475, an increase from 1,260 employees in 2023[43] - The company has implemented a resource precision allocation strategy in the broadcasting business segment, focusing on core technology upgrades and high-end solution development[11] Financial Position - Current assets as of December 31, 2024, were approximately RMB 704.2 million, up from RMB 527.3 million as of December 31, 2023[33] - Current liabilities increased to approximately RMB 470.9 million as of December 31, 2024, from RMB 408.2 million as of December 31, 2023[33] - The current ratio improved from approximately 1.29 as of December 31, 2023, to approximately 1.50 as of December 31, 2024[33] - The company's total equity reached RMB 413,710 thousand in 2024, up from RMB 301,710 thousand in 2023, reflecting a significant increase of approximately 37.0%[54] Compliance and Governance - The company continues to apply the corporate governance principles as set out in the Listing Rules Appendix C1 and believes it has complied with all applicable provisions during the reporting period[118] - The auditors have confirmed that the preliminary results announcement aligns with the audited consolidated financial statements for the year ending December 31, 2024[120]