如是海度假村 随着消费结构优化升级，情绪价值、黄金热、潮玩热、运动热、文旅热等关键词，正在推动消费产业 从"规模增长"迈向"质量创新"。通过洞察、采访与调研，基于品牌在商业模式、用户体验、技术赋能、 文化价值等多维度的综合表现，十大品牌入选贝壳财经2025年度消费案例，分别为中国黄金 （600916）、如是海度假村、茶百道、联合利华、阿迪达斯、泡泡玛特、首旅如家、自如、马蜂窝、越 秀地产，覆盖时尚、潮玩、度假、酒店、生活方式等多个赛道。 随着暑期到来，消费市场迎来多重利好，作为综合性旅游目的地，度假村通过空间重构与场景创新受到 越来越多消费者的青睐，为旅游产业多元化发展提供新动力的同时，其产业链边界持续拓展。据北戴河 如是海度假村总经理刘智介绍，去年6月开业的如是海度假村占地面积5400亩，森林覆盖率达75%，依 托当地自然生态资源打造了多元体验项目，例如摩托艇、桨板、森林骑行等。在商业配套上，如是海度 假村规避了传统配套社区打法，以脱口秀、儿童剧、艺术展览等方式提升消费者体验感与互动性，结 合"低密度"优势与一站式服务，最终实现"破圈"。 作为中国文化中不可或缺的一部分，黄金正在焕发出新的活力，古法金、硬足 ...

【今日焦点】 南山铝业国际(02610.HK)盈喜：预期中期净利润约2.25亿美元至2.65亿美元 南山铝业国际(02610.HK)公告，集团预期截至2025年6月30日止6个月录得约2.25亿美元至2.65亿美元的 净利润，而截至2024年6月30日止6个月所录得的净利润约为1.59亿美元。 集团期内净利润增长主要归因于毛利率的提升，此乃得益于期内氧化铝售价提高及单位生产成本相对稳 定。根据目前可得资料及本集团最新未经审核综合管理账目，2025年上半年公司产品的平均售价约为每 吨530美元，高于2024年上半年的约每吨387美元，但低于2024年下半年的约每吨561美元。 【重大事项】 安徽皖通高速公路(00995.HK)拟与S98联合体成立S98合资公司以实施有关S98全椒至禄口高速公路安徽 段的项目 复锐医疗科技(01696.HK)附属向北美市场推出Universe 【财报业绩】 盈喜预告 | TCL电子(01070.HK)预期2025年上半年经调整归母净利润同比增幅约为45%至65% 人瑞人才(06919.HK)盈喜：预期中期权益持有人应占溢利同比增长66.7%至94.1% 海港企业(00051.HK ...

金十图示：2025年07月21日（周一）中国科技互联网公司市值排名TOP 50一览 | 排名 | | 公司 | 市值(亿美元) | 排名变化 | | --- | --- | --- | --- | --- | | 1 | | 台积电 | 12468.4 | | | 2 | | 腾讯控股 | 6037.04 | | | 3 | | 阿里巴巴 | 2867.9 | | | 4 | | 小米集团-W | 1894.57 | | | 5 | | 拼多多 | 1547.41 | | | 6 | 美团 | 美团-W | 1033.71 | | | 7 | 網易 | 网易 | 861.91 | | 每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10.COM 0. 金十数据 | 一个交易工具 | 8 | | 京东 | 488.96 | 11 | | --- | --- | --- | --- | --- | | 9 | | 中芯国际 | 484.29 | 1 t | | 10 | | 快手-W | 394.8 | 1 1 | | II | | 理想汽车 | 340.4 | 1 t | | 12 | ...

| 股票名称 | 回购数 | 回购额 | 年累计回购数量 | 年累计回购数量/总 | | --- | --- | --- | --- | --- | | | | | (股) | 股本 | | VITASOY INT'L(00345) | 104.40 万 | 966.71 万 | 1457.40 万 | 1.358% | | 中集集团(02039) | 126.28 万 | 868.93 万 | 861.08 万 | 0.280% | | 百胜中国(09987) | 1.65 万 | 625.18 万 | 283.99 万 | 0.760% | | 中国东方航空股份 (00670) | 175.00 万 | 503.98 万 | 9620.80 万 | 1.859% | | 贝壳-W(02423) | 63.49 万 | 400.00 万 | 1081.36 万 | 0.300% | | 蒙牛乳业(02319) | 20.00 万 | 339.30 万 | 475.00 万 | 0.121% | | 百胜中国(09987) | 6.80 万 | 320.00 万 | 283.99 万 | 0.760% | | ...

Investment Rating - The report maintains a "Positive" rating for the real estate and property management sectors [4][32]. Core Insights - The report highlights a continued downward trend in both new and second-hand housing transactions, with a significant decrease in new home sales in major cities [4][5]. - The central government emphasizes urban renewal as a key strategy to stabilize the real estate market, indicating a shift towards more robust policy support [4][32]. - The report suggests that while transaction volumes have stabilized, they have not yet entered a positive cycle, and further supportive measures are anticipated [4][32]. Industry Data Summary New Home Transactions - In the week of July 12-18, 2025, new home sales in 34 key cities totaled 1.591 million square meters, a week-on-week decrease of 20.1% [4][5]. - Year-to-date, new home sales are down 11% compared to the previous year, with first and second-tier cities experiencing a 17.3% year-on-year decline [6][32]. Second-Hand Home Transactions - In the same week, second-hand home sales in 13 key cities totaled 1.031 million square meters, reflecting a week-on-week decrease of 5.4% [4][13]. - Cumulatively, second-hand home sales are down 11.4% year-on-year as of July [4][13]. Inventory and Market Dynamics - The report notes that 15 cities had a total of 730,000 square meters of new homes launched, with a sales-to-launch ratio of 0.87, indicating ongoing inventory challenges [4][23]. - The average months of inventory for new homes in these cities has increased to 19.8 months [4][23]. Policy and News Tracking - The central government has called for a focus on urban renewal, with various local governments implementing "old-for-new" subsidy policies to stimulate the market [4][32]. - Recent statistics show a 11.2% year-on-year decline in real estate development investment for the first half of 2025 [4][32]. Company Dynamics - Several real estate companies have reported their half-year performance, with notable declines in sales for major players like China Resources Land and Longfor Group [4][32]. - Companies such as Zhonghua Enterprises and Nanshan Holdings have reported significant profit increases, while others like Vanke and JinDi Group have faced substantial losses [4][32].

| 8 | | 东方财富 | 515.59 | | | --- | --- | --- | --- | --- | | 9 | | 中芯国际 | 466.49 | | | 10 | | 京东 | 456.09 | | | 11 | 8 | 快手-W | 376.96 | | | 12 | | 腾讯音乐 | 332.09 | | | 13 | | 理想汽车 | 314.71 | | | 14 | C | 贝壳 | 222.43 | | | 15 | 8 | 同花顺 | 205.28 | | | 16 | × | 小鹏汽车 | 170.92 | | | 17 | N | 科大讯飞 | 151.19 | | | 18 | | 中通快递 | 145.32 | | | 19 | 的LA | 時哪時嗎 | 102.09 | | | 20 | | 宝信软件 | 97.62 | 1 t | | 21 | | 劇来 | 93.08 | 1 | | 22 | | 恒生电子 | 87.2 | 1 t | | 23 | | 新东方 | 81.96 | 1 1 | | 24 | | 万国数据 | 78.67 | 1 t | 金十图示： ...

Investment Rating - The report maintains a "Positive" rating for the real estate sector, anticipating stronger policies to stabilize the market [3][4][36]. Core Insights - The investment and sales in the real estate sector are both weakening, with expectations for more robust policies to halt the decline and stabilize the market [3][4]. - The report highlights that the investment in real estate from January to June 2025 has decreased by 11.2% year-on-year, with new starts down by 20.0% and completions down by 14.8% [4][19]. - Sales volume and prices are both declining, with sales area down by 3.5% and sales amount down by 5.5% in the same period [20][35]. - Funding sources are tightening, with a 6.2% year-on-year decline in total funding sources for real estate development [36][38]. Investment Analysis Investment Side - Real estate development investment totaled 466.58 billion yuan from January to June 2025, down 11.2% year-on-year, with June alone seeing a 12.9% decline [4][19]. - New starts and completions are also down significantly, with new starts down 20.0% and completions down 14.8% year-on-year [19][20]. Sales Side - The total sales area for real estate was 460 million square meters, a decrease of 3.5% year-on-year, with June seeing a 5.5% decline [20][35]. - The average selling price of properties decreased by 1.9% year-on-year, with June's average price at 9,649 yuan per square meter, down 5.6% year-on-year [34][35]. Funding Side - Total funding sources for real estate development amounted to 500.2 billion yuan, down 6.2% year-on-year, with domestic loans showing a positive growth of 0.6% [36][38]. - Sales returns are weakening, with deposits and prepayments down by 16.7% year-on-year in June [36][38].

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 14, 2025 [1] - The leading company by market capitalization is 台棋电 (Taiwan Semiconductor Manufacturing Company) with a valuation of 11,949.75 million [3] - Tencent Holdings ranks second with a market cap of 5,815.18 million, followed by Alibaba at 2,546.4 million [3][4] Group 2 - Xiaomi Group is ranked fourth with a market capitalization of 1,889.61 million, while Pinduoduo follows in fifth place with 1,489.35 million [3][4] - Meituan and NetEase are positioned sixth and seventh, with market caps of 929.41 million and 812.27 million respectively [3][4] - Other notable companies in the top 10 include 东方财富 (East Money) at 523.39 million and 中芯国际 (SMIC) at 476.15 million [4][5] Group 3 - The rankings continue with companies like 京东 (JD.com) at 448.31 million and 快手 (Kuaishou) at 356.11 million [4][5] - Baidu, 理想汽车 (Li Auto), and 贝壳 (Beike) are also included in the top 15, with market caps of 298.84 million, 296.08 million, and 221.89 million respectively [4][5] - The list concludes with 云费智联 (Yunfei Zhili) at 41.76 million, marking the 50th position [6]

Summary of Key Points Core Viewpoint - A number of companies, including AIA Insurance, Yum China, and Mengniu Dairy, conducted share buybacks on July 11, 2025, with AIA Insurance having the largest buyback amount of 280 million yuan for 4 million shares [1][2]. Group 1: Buyback Details - AIA Insurance (01299) repurchased 4 million shares for 280 million yuan, totaling 124 million shares repurchased this year, representing 1.157% of its total share capital [2]. - Yum China (09987) repurchased 16,500 shares for 6.24 million yuan, with a year-to-date total of 241,690 shares, accounting for 0.650% of its total share capital [2]. - Mengniu Dairy (02319) repurchased 20,000 shares for 3.28 million yuan, with a total of 365,000 shares repurchased this year, representing 0.093% of its total share capital [2]. Group 2: Other Notable Buybacks - China International Marine Containers (02039) repurchased 628,600 shares for 4.11 million yuan, totaling 5.13 million shares repurchased this year, which is 0.170% of its total share capital [2]. - Beike-W (02423) repurchased 643,500 shares for 4 million yuan, with a total of 769,010 shares repurchased this year, representing 0.213% of its total share capital [2]. - Jieli Trading (08017) repurchased 2 million shares for 2.20 million yuan, with a total of 35.99 million shares repurchased this year, accounting for 6.000% of its total share capital [2].

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 11, 2025, highlighting significant players in the industry [1]. Group 1: Top Companies by Market Capitalization - TSMC leads the list with a market capitalization of approximately $11,916.56 million [3]. - Tencent Holdings ranks second with a market capitalization of about $5,885.24 million [3]. - Alibaba is in third place with a market capitalization of around $2,544.49 million [3]. - Pinduoduo follows in fourth place with a market capitalization of $1,490.20 million [3]. - Meituan and NetEase are also notable, with market capitalizations of $947.31 million and $807.83 million, respectively [3][4]. Group 2: Additional Notable Companies - Semiconductor Manufacturing International Corporation (SMIC) has a market capitalization of $472.08 million, ranking eighth [4]. - JD.com and Tencent Music are positioned ninth and tenth, with market capitalizations of $450.04 million and $309.78 million, respectively [4]. - Baidu and Li Auto are also significant players, with market capitalizations of $304.03 million and $291.16 million [4]. Group 3: Emerging and Smaller Companies - Companies like Xpeng Motors and ZTO Express have market capitalizations of $166.15 million and $154.59 million, respectively [4]. - Other companies in the list include iFlytek with $149.34 million and Baosight Software with $95.10 million [4][5]. - The list also features companies like Kingdee International and Wancloud Data, with market capitalizations of $70.72 million and $67.09 million, respectively [5].