目标资产按"现状"出售，包括位于中国浙江省宁波市江北区的路劲新天地商业项目中的目标资产 A、目 标资产 B 及目标资产 C，即根据该协议将予出售的物业权益，包含位于中国浙江省宁波市江北区的路 劲新天地商业项目中的商业物业及停车位。 智通财经APP讯，路劲(01098)公布，于2026年1月23日，该公司间接全资附属宁波甬鸿置业有限公司拟 向浙江曦伦商业运营管理有限公司出售目标资产，总代价为人民币 1.003 亿元。 鉴于集团目前的财务状况及预期流动资金需求、中国房地产市场的整体前景，以及目标资产相关的具体 特徵和情况(包括其地理位置、招揽租户面临的挑战及其对集团的战略价值)，董事认为，在考虑估值报 告后，出售事项乃集团以合理代价变现目标资产的良机。出售事项将有助集团优化其资产运用效率，并 满足集团目前偿还贷款及缴税的流动资金需求。 ...

华泰联合证券有限责任公司(以下简称"华泰联合证券")作为新天地药业 股份有限公司(以下简称"新天地"、"公司"或"发行人")首次公开发行股票 的保荐机构，根据《深圳证券交易所创业板股票上市规则》《证券发行上市保荐 业务管理办法》及《深圳证券交易所上市公司自律监管指引第 13 号——保荐业 务》等相关法律、法规和规范性文件的规定以及新天地的实际情况，认真履行保 荐机构应尽的职责，对新天地的主要董事、审计委员会成员、高级管理人员及中 层以上管理人员等相关人员进行了有计划、多层次的后续培训，所培训的内容严 格按照中国证券监督管理委员会及深圳证券交易所有关持续督导的最新要求进 行。 2026 年 1 月 14 日，华泰联合证券相关人员按照《深圳证券交易所上市公司 自律监管指引第 13 号——保荐业务》的要求完成了对新天地主要董事、审计委 员会成员、高级管理人员及中层以上管理人员等相关人员的持续培训工作，特向 贵所报送培训工作报告。 华泰联合证券有限责任公司 关于新天地药业股份有限公司 2025 年度持续督导培训情况的报告 深圳证券交易所： 根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》的相 关规定 ...

Core Viewpoint - Haidilao has undergone a significant management restructuring, with Zhang Yong returning as CEO, indicating a shift towards a governance structure that emphasizes founder leadership during a challenging period for the company's core hotpot business [1][4][9]. Management Changes - On January 13, Haidilao announced the resignation of Guo Yiqun as CEO and executive director, with Zhang Yong appointed as the new CEO, maintaining his role as chairman [1][4]. - This marks the third CEO change in four years, reflecting ongoing strategic adjustments within the company [3][7]. - Guo Yiqun will continue to play a crucial role in the company, focusing on the automation and digitalization of management processes [4][6]. Board Composition - The board has appointed four new executive directors, all with extensive experience in operational and core functional roles, to support innovation and long-term development [5][6]. - The average tenure of the new executive directors is nearly 20 years, indicating a strong internal leadership pipeline [6]. Business Performance - Haidilao's financial performance has shown a decline, with revenue for the first half of 2025 at 20.703 billion yuan, down 3.7% year-on-year, and net profit at 1.755 billion yuan, down 13.7% [9]. - The average table turnover rate decreased to 3.8 times per day, down from 4.2 times in the previous year, attributed to increased competition and changing consumer behavior [9]. Strategic Focus - The company is accelerating its exploration of new growth avenues, including takeout, multi-brand strategies, and franchising, particularly through the "Pomegranate Plan," which has successfully incubated 14 restaurant brands [9][10]. - The takeout business has seen a significant increase, with revenue growing nearly 60% to 928 million yuan, driven by a focus on single-serving hotpot offerings [9]. Future Outlook - The return of Zhang Yong as CEO is viewed as timely and necessary to balance resources and enhance efficiency across multiple business lines [10].

（编辑 楚丽君） 证券日报网讯 1月13日，力聚热能发布公告称，变更后，项目合伙人为杨金晓女士，签字注册会计师为 黄源先生，继续完成公司 2025 年度财务报表审计和 2025 年末财务报告内部控制审计相关工作。 ...

现场检查报告 华泰联合证券有限责任公司 关于新天地药业股份有限公司 2025 年度现场检查报告 根据中国证监会《证券发行上市保荐业务管理办法》和《深圳证券交易所上 市公司自律监管指引第 13 号——保荐业务》等有关法律法规的要求，华泰联合 证券有限责任公司作为新天地药业股份有限公司（以下简称"新天地"或"公司"） 首次公开发行股票并在创业板上市的保荐人，于 2025 年 12 月 22 日至 12 月 23 日对新天地药业股份有限公司 2025 年有关情况进行了现场检查，报告如下： | 保荐人名称：华泰联合证券有限责任公司 被保荐公司简称：新天地 | | | | | --- | --- | --- | --- | | 保荐代表人姓名：刘栋 联系电话：021-38966923 | | | | | 保荐代表人姓名：刘天际 联系电话：021-38966923 | | | | | 现场检查人员姓名：刘栋 | | | | | 现场检查对应期间：2025 年度 | | | | | 年 月 月 现场检查时间：2025 12 22 12 | 日至 | 23 | 日 | | 一、现场检查事项 现场检查意见 | | | | | ...

Core Insights - Guangxi's foreign trade has shown significant growth, with total import and export value reaching 7,563.9 billion yuan in 2024, a 55.6% increase from 2020, and is expected to exceed 8,000 billion yuan in 2025 [2][14] - The region's foreign trade is characterized by improved quality, structure, and efficiency, driven by four key factors: higher value-added products, broader trade networks, emerging new business models, and faster customs clearance [3][4][14] Group 1: Growth Metrics - Guangxi's foreign trade value has crossed significant thresholds, moving from 5,000 billion yuan to 7,000 billion yuan, with a total of 7,265.4 billion yuan recorded from January to November 2025, marking a 9.5% year-on-year growth [2] - The container throughput at Beibu Gulf Port has surpassed 10 million TEUs, and the annual import and export value at Aidian Port has exceeded 100 billion yuan for the first time [1] Group 2: Product and Market Diversification - The export of high-value, high-tech products has increased, with Guangxi's steel exports expected to reach 1.1 million tons in 2025, a 51% increase [6] - The export of electromechanical products reached 2,593.9 billion yuan in the first 11 months of 2025, accounting for 60.4% of total exports, up 5.9 percentage points from 2020 [7][9] Group 3: Trade Partnerships - ASEAN remains Guangxi's largest trading partner, with trade value reaching 3,842.2 billion yuan in the first 11 months of 2025, a 10% increase [9] - Exports to emerging markets in the Middle East and Africa have seen significant growth, with increases of 26.5% and 24.9% respectively [9] Group 4: New Business Models - Cross-border e-commerce has flourished, with exports reaching 60 billion yuan in 2025, and total export value increasing from 3.14 billion yuan in 2020 to 47.48 billion yuan in the first 11 months of 2025, a growth of over 14 times [10][11] - New business models such as market procurement and bonded maintenance are emerging, contributing to the growth of foreign trade [11] Group 5: Customs Efficiency - Customs clearance efficiency has improved significantly, with logistics time at Qinzhou Port decreasing by 24.75%, and the number of vehicles passing through the Friendship Pass exceeding 1 million for the first time, a growth of over 40% [12] - The daily average of vehicles in the Nanning customs area has more than doubled since 2020, making it a leading area for international cross-border vehicles [12] Group 6: Future Outlook - Looking ahead, Guangxi aims to continue enhancing its international competitiveness by focusing on high-tech product exports and fostering new trade dynamics, while building an efficient foreign trade service system [14]

Core Viewpoint - The "0 yuan acquisition" of the Andaz Hotel in Shanghai by Hyatt Group highlights the increasing activity in the Shanghai real estate bulk transaction market, with expectations for further growth in 2026 due to favorable policies and liquidity from REITs expansion [2][5]. Group 1: Transaction Details - The Andaz Hotel's owner, Shanghai Lishi Hotel Co., has a net asset of -1.71 billion yuan and liabilities exceeding 2.52 billion yuan, which are key reasons for the 0 yuan equity transfer [2][3]. - In December 2025, Beijing-based Jingtou Development signed an agreement to acquire 100% of Shanghai Lishi, including a 0 yuan acquisition of 45% equity and a 35 million yuan purchase of debt [3][4]. - Shanghai Lishi was established in 2017 with a registered capital of over 580 million yuan and is located at the site of the Andaz Hotel, which has 307 luxury rooms [3][4]. Group 2: Market Overview - In 2025, the Shanghai real estate bulk transaction market recorded 75 transactions totaling 42.4 billion yuan, showing signs of stabilization after four years of decline [5][6]. - The average transaction price in the bulk market was approximately 560 million yuan, with small transactions (below 300 million yuan) making up over 50% of the total [5][6]. - Domestic buyers accounted for 97% of transaction value, while foreign buyers were active as sellers, completing transactions worth about 12.9 billion yuan [6]. Group 3: Future Outlook - The market is expected to benefit from continued fiscal and monetary policy easing, which will provide financing advantages to domestic investment entities [6][7]. - The expansion of public REITs is anticipated to enhance the exit and revitalization channels for existing assets, particularly in the hotel and premium office sectors [6][7]. - Transactions involving stable, small-scale assets under 300 million yuan are projected to dominate the market in 2026, reflecting a shift in investment logic towards deeper operational and value enhancement strategies [7].

Core Insights - The rise of new professions in the live streaming industry is providing young people with new employment opportunities, particularly in the context of the digital economy's rapid growth [2][3] Industry Overview - The live streaming economy has evolved from a chaotic initial phase to a stage where quality content is paramount, requiring skilled professionals to create and refine such content [2][3] - The industry is experiencing a significant demand for specialized roles, with the number of active agents on Douyin increasing from 260,000 to 350,000 from 2024 to 2025, indicating a robust need for professional talent [3] Job Growth and Professionalization - New roles in the live streaming sector, such as group broadcast directors and content planners, are emerging, reflecting a trend towards specialization and professional growth [3][4] - Positions like camera operators require a combination of physical, mental, and aesthetic skills, with a clear career progression from apprentice to lead operator [3] Regulatory Developments - The recognition of online broadcasters as a formal profession by the Ministry of Human Resources and Social Security in July 2024 signifies governmental acknowledgment of the job's legitimacy and the industry's structured nature [5][6] - Regulatory measures have been implemented to ensure compliance and quality in the industry, including the establishment of legal responsibilities for platforms and broadcasters [6] Content Quality and Industry Transformation - The live streaming ecosystem is transitioning from a focus on sensationalism to one centered on content quality, with platforms like Douyin categorizing content into 16 major categories and 53 subcategories [6] - The average increase of one broadcaster in the performance live streaming sector can create two additional jobs, highlighting the sector's potential for long-term growth [6] Societal Perception and Acceptance - The emergence of new professions in live streaming addresses young people's desires for flexible employment and self-actualization, while also creating numerous high-quality job opportunities [7] - There is a call for society to adopt a more open mindset towards the value of new professions, recognizing their professionalism and technical requirements [7]

Core Viewpoint - The article emphasizes the increasing trend of rural development in China, highlighting the need to create high-quality living spaces in rural areas that cater to modern living standards while being tailored to local conditions [1][2]. Group 1: Rural Development Trends - The "14th Five-Year Plan" suggests creating high-quality living spaces in rural areas, focusing on improving both production conditions and modern living environments [1]. - Rural infrastructure is continuously improving, with the rural sanitation toilet coverage rate reaching approximately 76% [1]. Group 2: Challenges in Rural Construction - Challenges such as insufficient planning coordination, industrial collaboration, and some villages experiencing "hollowing out" are noted, which can hinder sustainable service delivery [2]. - The example of "food delivery to rural areas" illustrates the cost pressures due to population dispersion and low order density, affecting service sustainability [2]. Group 3: Strategies for Creating Quality Living Spaces - The "14th Five-Year Plan" proposes a "classified and orderly, area-based approach" to rural revitalization, advocating for collaborative development among neighboring villages to overcome resource limitations [2]. - A case study from Shandong's Qingdao demonstrates successful integrated planning across multiple villages, resulting in significant tourism revenue, with 700,000 visitors and over 100 million yuan in income by October 2025 [2]. Group 4: Enhancing Rural Living Standards - The article stresses the importance of improving basic infrastructure such as water, electricity, and transportation in rural areas to enhance living conditions [3]. - The development of the homestay economy in Zhejiang's Mogan Mountain serves as a model, providing income for farmers while offering high-quality experiences for urban tourists, creating a beneficial cycle between rural and urban areas [2].

Group 1 - The company primarily focuses on domestic sales, as stated in their response to investor inquiries on the interactive platform [2] - For specific details regarding the company's performance and operations, it is advised to refer to the publicly disclosed periodic reports [2]