Summary of Key Points Core Viewpoint - The report outlines the verification opinion of China International Capital Corporation regarding the new implementation locations for fundraising projects of Xinhua Net Co., Ltd. The company has received approval for its initial public offering and has established a dedicated account for managing the raised funds, ensuring compliance with regulatory requirements [1][7]. Fundraising Basic Information - Xinhua Net was approved to publicly issue 51,902,936 shares at a price of RMB 27.69 per share, raising a total of RMB 1,437,192,297.84. After deducting various fees, the company has established a tripartite supervision agreement for the management of the raised funds [1][2]. Use of Raised Funds - As of December 31, 2024, the total investment in committed projects amounts to RMB 137,988.57 million, with cumulative usage of RMB 70,695.05 million. Specific projects include: - Xinhua Net's full media information application service cloud platform project: RMB 8,302.62 million total investment, RMB 4,276.29 million used - Online education project: RMB 1,520.64 million total investment, RMB 1,220.64 million used - Establishment of regional companies in Guangdong, Sichuan, and Jiangsu [2][3]. New Implementation Locations - The company plans to relocate to the National Financial Information Building at 22 Lize Road, Fengtai District, Beijing. This decision is based on the overall planning of the company's office space and the need for using raised funds for the new office location [5][6]. Impact of New Locations - The addition of new implementation locations does not change the direction, purpose, or method of using the raised funds. It is not expected to adversely affect the company's normal operations or harm shareholder interests [5][6][7]. Review Procedures - The board of directors and the supervisory board have approved the new implementation locations, confirming that the decision aligns with regulatory requirements and does not harm the interests of shareholders, particularly minority shareholders [6][7].

中国国际金融股份有限公司 关于新华网股份有限公司 新增募集资金投资项目实施地点的核查意见 中国国际金融股份有限公司（以下简称"保荐机构"）作为新华网股份有限公司（以 下简称"新华网"或"公司"）首次公开发行股票并上市的保荐机构，根据《证券发行 上市保荐业务管理办法》《上海证券交易所股票上市规则》《上市公司募集资金监管规则》 和《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定的要求， 对新华网新增募集资金投资项目实施地点进行了核查，核查情况及意见如下： 一、募集资金基本情况 根据中国证券监督管理委员会证监许可[2016]2175 号文《关于核准新华网股份有限 公司首次公开发行股票的批复》，新华网股份有限公司（以下简称"公司"或"新华网"） 获准向社会公开发行人民币普通股 51,902,936 股，每股发行价格为人民币 27.69 元，股 款以人民币缴足，总募集资金共计人民币 1,437,192,297.84 元，扣除承销及保荐费用、 审计及验资费用、律师费用、信息披露费用以及发行手续费用等共计人民币 57,306,611.74 元后，净募集资金共计人民币 1,379,885,686.10 ...

证券代码：603888 证券简称：新华网 公告编号：2025-026 新华网股份有限公司 关于新增募集资金投资项目实施地点的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 新华网股份有限公司（以下简称"公司"或"新华网"）本次募集资金 投资项目（以下简称"募投项目"）在原募投项目实施地点"北京市西城区宣武 门西大街 129 号金隅大厦 4 至 7 层、10 层、15A 层及北京市西城区莲花池东路 16 号的天宁 1 号文化科技创新园第 33 幢、35 幢、36 幢（以下简称"天宁 1 号"）" 基础上新增实施地点"北京市丰台区丽泽路22号院国家金融信息大厦5层、10-17 层中部分办公场地"。 根据中国证券监督管理委员会证监许可[2016]2175 号文《关于核准新华网 股份有限公司首次公开发行股票的批复》，公司获准向社会公开发行人民币普通 股 51,902,936 股，每股发行价格为人民币 27.69 元，股款以人民币缴足，总募 集资金共计人民币 1,437,192,297.84 元，扣除承销及保荐费用 ...

证券代码：603888 证券简称：新华网 公告编号：2025-025 新华网股份有限公司 监事会认为：本次新增募投项目实施地点是公司根据实际情况作出的审慎决 定，不会对公司生产经营、财务状况造成不利影响，不会改变或变相改变募集资 金的投资方向，不属于募投项目的实质性变更或变相改变募集资金用途的情形， 符合《上市公司募集资金监管规则》《上海证券交易所股票上市规则》《上海证券 交易所上市公司自律监管指引第 1 号——规范运作》及公司《募集资金管理制度》 等相关规定，亦不存在损害公司及全体股东特别是中小股东利益的情形。同意《关 于新增募集资金投资项目实施地点的议案》。 表决结果：3 票赞成，0 票反对，0 票弃权。同意的票数占全体监事所持的 有表决权票数的 100%。 特此公告。 新华网股份有限公司 监 事 会 2025 年 6 月 30 日 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 新华网股份有限公司（以下简称"公司"）第五届监事会第十二次会议通知 和材料于 2025 年 6 月 19 日以书面、电子 ...

二、董事会会议审议情况 证券代码：603888 证券简称：新华网 公告编号：2025-024 新华网股份有限公司 第五届董事会第十五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 新华网股份有限公司（以下简称"公司"）第五届董事会第十五次会议通知 和材料于 2025 年 6 月 19 日以书面、电子邮件方式送达全体董事，会议于 2025 年 6 月 30 日以通讯表决方式召开。本次会议应出席董事 15 人，实际出席董事 15 人。本次董事会会议的召开符合《公司法》和《新华网股份有限公司章程》 的有关规定。 会议由董事长储学军先生主持。 特此公告。 新华网股份有限公司 董 事 会 2025 年 6 月 30 日 （一）审议通过了《关于新增募集资金投资项目实施地点的议案》 公司在原募投项目实施地点"北京市西城区宣武门西大街 129 号金隅大厦 4 至 7 层、10 层、15A 层及北京市西城区莲花池东路 16 号的天宁 1 号文化科技创 新园第 33 幢、35 幢、36 幢"基础上新增"北京 ...

Core Viewpoint - The "medicinal and food homology" tea beverage market is experiencing significant growth, driven by increasing consumer interest in health and wellness, particularly among younger demographics [2][10][11]. Market Overview - The market size for medicinal and food homology tea beverages reached 450 million yuan in 2023, with projections to exceed 10 billion yuan by 2028 [3]. - During the "618" shopping festival, 49% of consumers preferred purchasing traditional health drinks, indicating a strong market interest [2]. - The plant beverage category, which includes medicinal and food homology tea drinks, is expected to see over 20% growth in market share by Q1 2025 [2]. Product Characteristics - Medicinal and food homology tea drinks are made from traditional food ingredients with medicinal properties, such as red beans, barley, and goji berries, and are often referred to as "Chinese health drinks" [3][4]. - The product range includes popular items like red bean and barley water, red dates and goji water, and longan water [3]. Consumer Demographics - The consumer base for these beverages is predominantly young, with 37.6% of consumers aged 25-35 and 32.2% aged 36-45 [10]. - The increasing focus on health and wellness among younger consumers is driving demand for these products [10]. Competitive Landscape - The market is becoming increasingly competitive, with major brands like Yuanqi Forest, Master Kong, and LuLu entering the space with new product lines [6][7]. - At least 23 brands have launched 59 new health drink products between June 2024 and May 2025, showcasing the rapid expansion of this market segment [7]. Challenges and Opportunities - The industry faces challenges such as product homogeneity, supply chain issues, and balancing taste with health benefits [11][12][14]. - There is a need for innovation to differentiate products and meet specific consumer needs, particularly for different demographic groups [19]. - Establishing industry standards and improving quality control are critical for sustainable growth [20]. Future Outlook - The medicinal and food homology tea beverage segment is projected to grow significantly, with a forecasted sales increase of over 182% in 2024 [6]. - As health awareness continues to rise, the beverage industry is expected to explore new ingredients, formulations, and production methods to meet evolving consumer demands [20].

证券代码：603888 证券简称：新华网 公告编号：2025-023 一、交易情况概述 新华网股份有限公司（以下简称"公司"或"新华网"）通过上海联合产权 交易所有限公司以公开挂牌方式转让所持有的新华智云科技有限公司（以下简称 "新华智云"）6%的股权，最终由绍兴市柯桥区金融控股有限公司（以下简称"柯 桥金控"）、湖北长江招银文创股权投资基金合伙企业（有限合伙）（以下简称"长 江招银"）、珠海德仑股权投资基金（有限合伙）（以下简称"德仑投资"）及浙报 智融企业管理（桐乡）合伙企业（有限合伙）（以下简称"浙报智融"）四家企业 联合以人民币 1.50 亿元受让新华智云 6%股权。新华网与柯桥金控、长江招银、 德仑投资及浙报智融共同签署了《上海市产权交易合同》。具体内容详见公司于 2021 年 4 月 9 日、2021 年 5 月 20 日在指定信息披露媒体及上海证券交易所网站 （www.sse.com.cn）披露的《新华网股份有限公司关于拟公开挂牌转让所持新华 智云科技有限公司部分股权的公告》（公告编号：2021-009）及《新华网股份有 限公司关于公开挂牌转让所持新华智云科技有限公司部分股权的进展公告》（公 告 ...

Core Insights - The increasing popularity of senior universities reflects a shift in elderly individuals' aspirations from mere survival to seeking enjoyment and self-fulfillment [1][3][4] - The current supply of senior education institutions is insufficient to meet the growing demand, leading to challenges in enrollment [8][9] Group 1: Popularity of Senior Universities - Senior universities are thriving, with courses filling up quickly, indicating high demand among elderly learners [1] - Participants express that they gain not only knowledge but also valuable friendships, highlighting the social aspect of these institutions [1][3] - A report indicates that more seniors are pursuing "active aging," focusing on enjoyment and personal achievement rather than just care [1][2] Group 2: Course Offerings and Trends - The curriculum at senior universities is diversifying, including traditional arts and modern skills like AI and video production, but traditional courses still dominate [4][6] - Over 50% of senior universities now offer information technology courses, showing a shift towards more knowledge-based and skill-oriented education [6] - There is a notable demand for courses in health care and information technology, prompting institutions to adapt their offerings [5][6] Group 3: Infrastructure and Teaching Methods - Many senior universities are upgrading their facilities to be more age-friendly, with over 80% equipped with multimedia classrooms [7] - Teaching methods are evolving to encourage more interaction and discussion among elderly students, reflecting their preferences for engaging learning experiences [7] Group 4: Supply and Demand Imbalance - There is a significant gap between the supply of and demand for senior education, with 76,000 institutions serving over 20 million registered students [8][9] - The majority of senior universities are government-run, with a lack of private institutions to meet the educational needs of the elderly [9] Group 5: New Paths in Senior Education - The government is implementing policies to expand educational resources for seniors, encouraging private sector involvement to complement public offerings [10][12] - New business models, such as "health and education tourism," are emerging to cater to the complex needs of the elderly population [10][12] - Collaboration between private institutions and public universities is seen as a way to enhance service quality and market competitiveness [12]

Core Insights - The youth sports shoe market in China is experiencing significant growth, driven by increased demand from parents for suitable running shoes for their children, particularly in light of new educational policies promoting physical activity [2][4][6]. Market Overview - The Chinese sports shoe market is projected to exceed 500 billion yuan by 2025, with a compound annual growth rate (CAGR) of 8%-10% [2]. - The youth segment is growing faster than the overall market, with an expected annual growth rate of 12.5% or higher [6]. Consumer Behavior - Parents are increasingly purchasing running shoes for their children, especially in preparation for physical fitness tests, leading to a surge in sales [4][5]. - The popularity of "test shoes" has led to a 976% increase in sales during specific promotional periods [4]. Brand Strategies - Major brands like Li Ning, Anta, and 361 Degrees are actively launching new products tailored for youth, including specialized running shoes and multi-sport options [5][9]. - Brands are also engaging in community-building activities such as running camps and parent-child competitions to capture market share [5]. Technological Advancements - Domestic brands are investing heavily in research and development, with Li Ning increasing its R&D expenditure by 9.3% to 676 million yuan, while Anta plans to invest 20 billion yuan over the next five years [9]. - The focus on technology and product performance is evident, with brands developing shoes that cater specifically to the needs of young athletes [9][11]. Market Potential - The youth sports consumption market is estimated to have a potential scale of 235 billion yuan, supported by government policies encouraging sports participation among students [7]. - The youth population engaged in sports is approximately 130 million, indicating a robust market opportunity [7]. Competitive Landscape - Domestic brands are gaining traction due to their understanding of local consumer preferences, offering stylish, affordable, and functional products [11]. - The competitive environment is intensifying, with brands shifting focus from just product offerings to enhancing overall consumer experience [13]. Health Considerations - Experts emphasize the importance of selecting appropriate footwear for youth, cautioning against overly specialized shoes that may not support healthy foot development [15][16].

证券代码：603888 证券简称：新华网 公告编号：2025-022 新华网股份有限公司关于全资子公司 新华网创业投资有限公司参与投资新华网智芯 （南通）股权投资合伙企业（有限合伙）的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、对外投资概述 1、新华网股份有限公司（以下简称"公司"或"本公司"或"新华网"）全 资子公司新华网创业投资有限公司（以下简称"创业投资"）与国泰君安金控投 资（上海）有限公司（以下简称"国君金控"）、扬州铭烁芯科股权投资合伙企业 （有限合伙）（以下简称"铭烁芯科"）共同投资新华网智芯（南通）股权投资合 伙企业（有限合伙），并于近日签署了《新华网智芯（南通）股权投资合伙企业 （有限合伙）合伙协议》。合伙企业总认缴出资额为人民币 6,310 万元，创业投 资作为合伙企业的有限合伙人以自有资金认缴人民币 600 万元。 2、根据《公司章程》《新华网股份有限公司对外投资管理制度》《上海证券 投资标的名称：新华网智芯（南通）股权投资合伙企业（有限合伙）（以 下简称"合伙企业"） 投资 ...