Core Viewpoint - Oriental Selection (01797.HK) reported a turnaround in its financial performance for the fiscal year 2025, with a total revenue of 4.4 billion yuan and a net profit of 6.2 million yuan, recovering from a net loss of 96.5 million yuan in the first half of the fiscal year [1] Financial Performance - For the fiscal year 2025, the total revenue from the continuing operations (self-operated products and live e-commerce business) reached 4.4 billion yuan [1] - The net profit for the continuing operations improved significantly, moving from a net loss of 96.5 million yuan in the first half of the fiscal year to a net profit of 6.2 million yuan [1] GMV and Growth Drivers - The total GMV (Gross Merchandise Volume) for self-operated products and live e-commerce business in fiscal year 2025 was 8.7 billion yuan [1] - Self-operated products accounted for approximately 43.8% of the total GMV in fiscal year 2025, indicating their significant contribution to the company's growth [1] - The Chief Financial Officer, Yin Qiang, stated that self-operated products have become the main growth driver for Oriental Selection [1]

来源：东方甄选 8月22日，东方甄选发布声明： （原标题：东方甄选声明：孙东旭在休假中，并未离职） ...

Group 1: Company Updates - Dongfang Zhenxuan announced a total revenue of 4.392 billion yuan for the fiscal year 2025, with a profit attributable to owners of 5.735 million yuan [1] - Alibaba has restructured its business segments from six major groups to four: Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and all other businesses [2] - Sunyu Optical Technology signed a memorandum of understanding with GoerTek and GoerTek Optical to negotiate a final agreement regarding equity subscription, with Ningbo Aolai expected to hold approximately 33.33% of GoerTek Optical post-subscription [2] Group 2: Market Trends - JD.com is re-entering the community group buying sector with multiple new stores launched in Beijing, and has applied for several related trademarks [3] - Li Ning's CEO expressed awareness of the pressure from reduced offline foot traffic, while maintaining a target gross margin of 50% and emphasizing the absence of inventory pressure [5][6] - NIO's founder stated that the pricing strategy for their new ES8 model is aligned with the average price range of luxury brands like Mercedes-Benz, BMW, and Audi [7] Group 3: Financing Activities - Ying Shi Bio completed over 34 million USD in Series C financing, led by Rehabilitation Capital, with participation from other investors [8] - Montong Intelligent secured several million yuan in Pre-A round financing, with funds allocated for product development and team expansion [9] Group 4: New Products and Technologies - Lantu Motors launched its Lanhai Intelligent Super Hybrid Technology, integrating advanced battery and charging technologies [10] - Tencent Cloud released the DeepSeek-V3.1 model API, allowing enterprises and developers to access improved services [11] Group 5: Industry Insights - AI data centers are expected to adopt liquid cooling technology at a penetration rate exceeding 30% by 2025, driven by the release of NVIDIA's GB200 NVL72 servers [12][13] - CITIC Construction's report indicates that the consumption peak season is approaching, with strong fundamental support for energy metal prices, as demand begins to recover [14] Group 6: Noteworthy News - Long-term funds have made significant investments in over 100 A-shares, with social security and pension funds entering the top ten shareholders of approximately 160 listed companies [15] - Rare earth prices have surged, with an average increase of over 100,000 yuan per ton since August, leading to a performance turnaround in the rare earth sector [15]

1 22 FT 25 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 来源：东方甄选 8月22日，东方甄选发布声明： 东方甄选 2025年8月22日 巅峰对话 投资热点说 IPO情报站 ETF风向标 O f= ® ■ CHINAFUND CHINAFUND CHINAFUND CHINAFUND 数说人物 港股日报 全球早班车 开盘速递 � e 8 V CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( Q 中国基金报 )即刻获取财经资讯 ...

董事会宣布，宋?女士(宋女士)及马咏仪女士(马女士)已获委任为本公司的联席公司秘书，自本公告日期 起生效。马女士已获委任为授权代表及法律程序代理人，自本公告日期起生效。 （原标题：东方甄选(01797)：宋?及马咏仪获委任为联席公司秘书） 智通财经APP讯，东方甄选(01797)发布公告，张启昌先生(张先生)已提呈辞任本公司的公司秘书、香港 联合交易所有限公司证券上市规则第3.05条项下的本公司授权代表(授权代表)及根据香港法例第622章公 司条例第16部代表本公司在香港接收法律程序文件或通知书的授权代表(法律程序代理人)，自本公告日 期起生效。 ...

东方甄选发布声明称，孙东旭在休假中，并未离职。 （文章来源：第一财经） ...

8月22日，东方甄选发布声明： 来源东方甄选 经常有读者朋友错过推送 ...

Group 1 - The core viewpoint of the article is that Dongfang Zhenxuan has reported a positive financial performance for the fiscal year 2025, with a total revenue of 4.4 billion yuan from its continuing operations [1] - The net profit from continuing operations turned positive, reaching 6.2 million yuan for the fiscal year 2025, compared to a loss in the first half of the fiscal year [1] - Excluding the financial impact from the sale of Huizhong, the net profit from continuing operations for fiscal year 2025 was 135.4 million yuan, representing a year-on-year increase of 30% [1] Group 2 - The comprehensive gross profit margin for continuing operations improved from 25.9% in fiscal year 2024 to 32% in fiscal year 2025, attributed to the healthy development of self-operated products and live e-commerce business [1]

Core Insights - Dongfang Zhenxuan (1797.HK) reported a total revenue of 4.4 billion yuan for the fiscal year 2025, with a net profit of 6.2 million yuan. Excluding the financial impact from the sale of Huizhong, the net profit for continuing operations increased by 30% year-on-year to 135.4 million yuan [1][1][1] - The gross margin for continuing operations improved from 25.9% in fiscal year 2024 to 32% in fiscal year 2025 [1][1][1] Revenue and Profitability - The total GMV for self-operated products and live e-commerce business reached 8.7 billion yuan in fiscal year 2025, with a significant portion coming from Douyin [1][1][1] - The contribution of GMV from the Dongfang Zhenxuan App increased from 8.4% in fiscal year 2024 to 15.7% in fiscal year 2025 [1][1][1] User Engagement and Satisfaction - The total number of paid subscribers for the Dongfang Zhenxuan App reached 264,300 in fiscal year 2025 [1][1][1] - User satisfaction for the Dongfang Zhenxuan App hit a record high of 98.7% [1][1][1]

8月22日晚，东方甄选发布声明称，孙东旭在休假中，并未离职。 ...