Group 1 - The chairman of New Oriental New Materials Co., Ltd., Xu Guangbin, has submitted his resignation due to personal reasons, stepping down from his position as chairman of the sixth board of directors, as well as from various committee roles [2][3] - Xu Guangbin will continue to serve as a director of the company after his resignation, and he holds 3,642,800 shares in the company, which will be managed according to regulatory requirements [3] - The company will proceed with the election of a new chairman and the re-election of committee members in accordance with legal procedures [3] Group 2 - Xu Guangbin has made significant contributions to the company's strategic transformation, development planning, and operational management since taking on the role of chairman in May 2021 [3] - The board expresses gratitude for Xu Guangbin's dedication and efforts during his tenure, which have positively impacted the company's stable development and governance [3]

近日，北京连续极端强降雨造成重大灾害，多家企业宣布捐款捐物驰援受灾地区。众多企业迅速响应，纷纷伸出援手，资金、物资齐上阵。 小米公益基金会微博7月29日发文称，小米公益基金会为应对华北地区强降雨引发的洪涝和地质灾害，捐赠了500万元现金及35万元应急物资，用于支持过 渡安置、灾后重建工作以及提供灾区急需的紧急援助。此次捐赠的应急物资包括充电宝、对讲机、手电筒等，以满足受灾地区的紧急需求。 7月29日，新东方与东方甄选决定捐赠100万元现金以及50万元应急物资，用于北京及河北等受灾地区的应急救援。 此外，小米公益基金会还启动了应急物资政社协同保障机制，通过小米公益平台联合爱德基金会发起"共筑爱的安全家"项目，面向公众募集爱心善款，以 进一步支持灾区人民。 当日，字节跳动公益基金会宣布捐赠1000万元，将联合深圳壹基金公益基金会、北京平澜公益基金会、中国红十字基金会等多家公益机构，为京津冀等受 灾严重地区精准调配资源。除了提供卫生用品、生活安置、儿童物资等应急物资，还支持灾后益童乐园、益校计划等专项工作，助力受灾群众渡过难关， 重建家园。 同时，抖音、今日头条上线#抗击暴雨#专题，启动救灾捐赠功能。目前，字节跳动 ...

【导读】北方多地连续极端强降雨造成重大灾害，蔚来等多家企业宣布驰援 据央视新闻消息，本轮强降雨以来，截至7月28日24时，北京全市平均降水量达165.9毫米，最大降水量在密云郎房峪和朱家峪，最大降水强度出现在怀柔 东峪。连续极端强降雨造成重大灾害，北京全市因灾死亡30人，其中密云28人、延庆2人。 同时，华东、华北、东北地区近日遭遇持续强降雨天气，引发严重洪涝及地质灾害，导致京津冀地区以及吉林、山东等省份出现重大人员伤亡和财产损 失。 7月29日，蔚来、理想、字节跳动、小米、东方甄选等企业相继宣布驰援灾区。 蔚来宣布联合蔚来用户公益基金会捐款200万元，携手中华慈善总会驰援灾区，支持保障受灾群众紧急生活物资采购、应急救援设备支持，以及灾后基础 设施修复等关键环节，助力受灾民众渡过难关、重建家园。 北京字节跳动公益基金会宣布捐赠1000万元，将联合深圳壹基金公益基金会、北京平澜公益基金会、中国红十字基金会等公益机构，根据灾区需求支援京 津冀等受灾严重地区，提供卫生用品、生活安置、儿童物资等应急物资，解决部分灾区物资缺乏的问题。 北京字节跳动公益基金会称，其后续将聚焦灾区青少年、老年人等群体需求，支持开展灾后益童 ...

Core Insights - New Oriental's subsidiary, Dayu Culture, launched a "Summer English Reading List" for children, introducing three new English chapter books aimed at enhancing English literacy among children [1][2] - The initiative addresses the growing demand for children's English reading materials in China, as parents and educators seek effective ways to select appropriate books for different reading levels [1][3] Company Overview - Dayu Culture has over 20 years of experience in book planning and focuses on providing high-quality learning and reading services for Chinese families [3] - Since 2016, Dayu Culture has been exploring and developing its English reading offerings for children, creating a comprehensive publishing system that includes picture books, graded readers, chapter books, and classic literature [3] Product Details - The newly launched books include "Rocket Girl," "Rocket Girl's Journey to the West," and "Sherlock Holmes: The Young Detective" (English versions), categorized as initial chapter books and mid-to-high chapter books [2] - These books are supplemented with various resources such as animations, audio, workbooks, and Chinese translations to support children's English learning [2][3] Educational Approach - The reading progression system categorizes books based on age, reading ability, and language difficulty, aiming to facilitate a smooth transition from graded readers to chapter books [1][3] - The combination of books and animations is highlighted as an effective tool to help children overcome challenges in reading comprehension, enhancing their understanding through multi-sensory engagement [3]

Core Insights - New Oriental's Danyu Culture held a conference focusing on family English reading, discussing the development of an English reading progression system for children [1] - Danyu Culture launched three new English chapter books: "Rocket Girl," "Rocket Girl's Journey to the West," and "Sherlock Holmes: The Young Reader's Edition" [1][2] - The company introduced a summer English reading list for children, tailored to different age groups and reading levels, to assist parents in selecting appropriate books [1] Group 1 - The conference emphasized the importance of quality reading resources in promoting children's English learning [1] - "Rocket Girl" is based on the highest-viewed animation on the Little Fox platform, featuring a premium hardcover design [1] - "Rocket Girl's Journey to the West" combines a new IP with traditional Chinese cultural elements [1] Group 2 - Danyu Culture has developed a comprehensive publishing system for children's English reading since 2016, including various types of books [2] - The company aims to facilitate the transition from basic to advanced English reading through a structured progression plan [2] - The reading progression system is designed to align with children's cognitive development and language proficiency levels [2]

Core Insights - The article highlights the expansion of English reading education in China, particularly through the introduction of new English reading products by New Oriental Education Technology Group's subsidiary, Dayu Culture [1][2]. Group 1: Company Developments - Dayu Culture has launched several new English reading products, including "Rocket Girl," "Journey to the West," and "Sherlock Holmes for Teens," building on its previous business experience [1]. - Since 2016, Dayu Culture has been actively exploring the field of English reading for youth, developing a comprehensive publishing system that includes picture books, graded readers, bridge books, chapter books, and classic novels [1]. - The company has created a family English reading progression plan based on original texts, aiming to provide a new path for English reading education [1]. Group 2: Market Performance - The product "Journey to the West" achieved impressive sales, surpassing 125,000 copies in its first year, establishing itself as a benchmark in the initial chapter book category within the competitive children's book publishing industry [1]. Group 3: Industry Perspective - The CEO of New Oriental, Zhou Chenggang, emphasized that reading is not just a tool for language learning but a bridge to a broader world, highlighting the importance of quality content in igniting children's reading passion and fostering lifelong readers [2].

金十图示：2025年07月28日（周一）中国科技互联网公司市值排名TOP 50一览 | 8 | | 中芯国际 | 541.27 | | | --- | --- | --- | --- | --- | | 9 | | 东方财富 | 535.73 | | | 10 | | 京东 | 478.29 | | | II | 86 | 快手-W | 398.09 | | | 12 | | 腾讯音乐 | 329.92 | -1 + | | 13 | | 理想汽车 | 316.64 | -1 | | 14 | Baics Bar | 百度 | 312.14 | -1 + | | 15 | | 贝壳 | 232.31 | -1 4 | | 16 | 8 | 同花顺 | 221.39 | 11-1 | | 17 | | 小鹏汽车 | 180.83 | -1 | | 18 | | 中通快递 | 162.27 | -1 4 | | 19 | | 科大讯飞 | 158.89 | -1 | | 20 | | 蔚来 | 111.42 | -1 + | | 21 | | 一六零 0 | 105.26 | -1 | | 22 | | 宝信软件 ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index dropping over 1%, ending a five-day winning streak, closing at 25,388.35 points, down 1.09% or 278.83 points, with a total turnover of 281.77 billion HKD [1] - Despite the decline, the Hang Seng Index saw a weekly increase of 2.27%, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index rose by 1.83% and 2.51% respectively [1] Blue Chip Performance - WuXi Biologics (02269) led the blue-chip stocks, rising 5.53% to 31.5 HKD, contributing 9.65 points to the Hang Seng Index, following a profit warning indicating a projected 16% revenue growth in the first half of 2025 [2] - Other notable blue-chip performances included SMIC (00981) up 4.98%, Nongfu Spring (09633) up 3.56%, while New Oriental (09901) and Shenzhou International (02313) saw declines of 3.36% and 2.94% respectively [2] Sector Highlights - Large tech stocks generally declined, with Alibaba down nearly 2% and Tencent over 1% [3] - Semiconductor stocks saw a rally, with Hua Hong Semiconductor rising 9% and SMIC up nearly 5% [3] - The pharmaceutical sector experienced gains, driven by a shift towards value assessment in drug procurement, with notable increases in stocks like Kanglong Chemical (03759) up 7.71% and Zhaoyan New Drug (06127) up 7.02% [4] - Airline stocks were active, with China Eastern Airlines (00670) up 3.69% and Air China (00753) up 3.68%, supported by strong summer travel demand [6][7] Regulatory Developments - The National Healthcare Security Administration announced changes to the 11th batch of centralized procurement, moving away from a simple lowest price reference, which is expected to curb vicious price competition and promote a shift towards value-based competition in the pharmaceutical industry [5] - The introduction of new policies aimed at supporting innovative drugs and medical devices was discussed in a recent meeting, indicating a focus on enhancing the clinical application of high-level technological innovations [5] Notable Stock Movements - Valiant Biopharma (09887) saw a significant increase of 91.71% on its debut, closing at 67.1 HKD, following a successful IPO [9] - Jihong Holdings (02603) rose 15.31% after announcing a projected net profit increase of 97.25% to 108.21% for the first half of 2025 [10] - COSCO Shipping Ports (01199) reached a new high, up 9.31%, amid reports of potential acquisitions of port assets [11] - Kintor Pharmaceutical (00148) announced a profit warning, leading to an 8.29% increase in stock price, with expected profits rising over 70% [12] - Lingbao Gold (03330) also saw gains, up 5.89%, with projected revenue growth of 75% to 85% for the first half of 2025 [13]

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 25, 2025, highlighting their respective valuations in billions of dollars [1]. Group 1: Market Capitalization Rankings - The top three companies by market capitalization are: 1. Alibaba: $1,000.00 billion 2. Tencent: $800.00 billion 3. Baidu: $600.00 billion [3] - Other notable companies in the top 10 include: - JD.com: $482.47 billion - SMIC (Semiconductor Manufacturing International Corporation): $519.90 billion - Tencent Music: $328.83 billion [3][4] Group 2: Additional Rankings - Companies ranked from 11 to 20 include: - Li Auto: $316.74 billion - Xpeng Motors: $182.36 billion - NIO: $109.38 billion [4][5] - The rankings continue with companies such as: - New Oriental: $74.44 billion - Kingsoft: $61.55 billion - Perfect World: $38.92 billion [5]

Core Viewpoint - New Oriental Materials Co., Ltd. has received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, particularly focusing on its newly launched computing power business and related financial disclosures [1][2]. Group 1: Computing Power Business - The company reported a revenue of 27.32 million yuan from its computing power business with a gross margin of 30.98% [1]. - The top five suppliers have changed significantly, with new suppliers accounting for 22% of total annual purchases [1]. - Fixed assets increased by 131% year-on-year to 256 million yuan, primarily due to the completion of construction projects and the purchase of computing power-related equipment [1]. Group 2: Revenue Recognition and Business Model - The computing power business operates on a leasing model, where the company builds and leases computing centers to clients, charging service fees based on contracts [2][4]. - Revenue recognition aligns with the service confirmation documents, confirming income monthly during the service period [6][9]. - The company ensures compliance with accounting standards, confirming that revenue recognition does not substitute gross for net accounting [6][11]. Group 3: Supplier and Customer Relationships - The company has only two clients for its computing power business, with detailed disclosures on supplier and customer relationships required by the inquiry [7][8]. - The gross margin of the computing power business is influenced by the cost structure, with the company comparing its margins to those of similar companies [8][9]. Group 4: Accounts Receivable - The company reported accounts receivable of 163 million yuan, a 21% increase year-on-year, representing 37% of total revenue [11][12]. - The inquiry raised concerns about potential related party transactions involving accounts receivable from certain companies [11][12]. Group 5: Trust Financial Products - The company has invested 50 million yuan in a trust financial product that has been overdue since 2022, with no impairment recognized [19][20]. - The trust plan's management and investment decision-making processes were outlined, indicating that the company does not control the investment decisions [22][24]. - The underlying assets of the trust plan are confirmed to be in line with the initial investment scope, with no evidence of fund occupation by related parties [25][28]. Group 6: Sales Expenses - Sales expenses increased by 24% to 31.58 million yuan, primarily due to higher labor and business entertainment costs [31][32]. - The company provided detailed disclosures on major sales expenses, including business entertainment and repair costs, confirming that most payments were made to non-related parties [32][34]. - The company’s internal control processes for large expenditures were confirmed to be effectively executed [39][41].