【编者按】随着ESG多项国际准则生效实施，ESG的发展进入新纪元。2024年，ESG理念迎来20周 年 。 在 这 一 重 要 历 史 节 点 ， 联 合 国 全 球 契 约 组 织 与 中 国 外 文 局 亚 太 传 播 中 心 、 第 一 财 经 联 合 推 出"ESG+20可持续发展领导力系列访谈"节目，通过对话20位中国企业家的形式，结合实地走访受访企 业的实践成果，探讨中国企业领导者在可持续发展、ESG及企业社会责任方面的洞见、成果和领导力。 本期"ESG+20可持续发展领导力系列访谈"，对话携程集团联合创始人兼董事局主席梁建章。携程集团于2021 年加入联合国全球契约组织。 携程在可持续发展的家庭友好、社区友好、环境友好与业态友好方面，持续开拓创新、积极探索。梁建章表 示，可持续发展的关键，在于创新，企业需要创新，国家层面的创新力需要更多的年轻人来实现。 在中国旅游市场刚起步之际，梁建章尝试通过互联网的方式来为旅行者提供便利的体验，于是便创立了携程集 团。从互联网到移动互联网，再到如今的人工智能（AI），旅游行业的发展紧跟科技革新步伐，在不断地演 化和进步，"未来，不光是AI技术，整个数字技术包括 ...

【编者按】随着ESG多项国际准则生效实施，ESG的发展进入新纪元。2024年，ESG理念迎来20周年。 在这一重要历史节点，联合国全球契约组织与中国外文局亚太传播中心、第一财经联合推出"ESG+20可 持续发展领导力系列访谈"节目，通过对话20位中国企业家的形式，结合实地走访受访企业的实践成 果，探讨中国企业领导者在可持续发展、ESG及企业社会责任方面的洞见、成果和领导力。 本期"ESG+20可持续发展领导力系列访谈"，对话携程集团联合创始人兼董事局主席梁建章。携程集团 于2021年加入联合国全球契约组织。 旅游兼顾低碳出行是未来的一个趋势。梁建章介绍了携程正在尝试的低碳酒店模式，首先是将酒店进行 低碳化改造，包括在屋顶设立太阳能发电，大部分电可以自己用，大部分电还可以输回给电网，这样就 实现碳排放的大幅降低，减少约30%~50%的碳排放。再为这类酒店附上低碳的标签，面向全球游客进 行推广，提倡低碳的游客非常认可此类旅游产品，"未来希望能够逐步将这种低碳酒店模式进行推广。" "美好社会是一个可持续发展的社会，希望人类文明能够长期繁荣下去。"梁建章表示，而提供好的旅游 服务，能够让人类长期保持对旅游的兴趣。对于 ...

Group 1: Market Overview - Global markets showed positive performance, with the Hang Seng Index rising by 2.58% and the Nasdaq increasing by 0.14% year-to-date [1][3] - The Hong Kong stock market experienced significant gains, particularly in healthcare, information technology, and consumer discretionary sectors, while utilities, telecommunications, and energy sectors lagged [3] - A net outflow of HKD 8.277 billion was observed from southbound funds, indicating a cautious sentiment among investors [3] Group 2: Economic Insights - The U.S. economy is experiencing a rebound in core inflation, with expectations for a potential interest rate cut being pushed to later dates [4] - China's economic indicators show a continued recovery, with M1 and M2 growth rates reaching recent highs, although household housing demand remains weak [4] - The Chinese central bank is expected to maintain a loose monetary policy, potentially lowering the reserve requirement ratio (RRR) and the loan prime rate (LPR) in the future [4][5] Group 3: Company Analysis - Tencent - Tencent reported a strong Q2 2025 performance, with total revenue and non-IFRS operating profit increasing by 15% and 18% year-on-year, respectively [5] - The gaming and marketing segments showed robust growth, with year-on-year increases of 22% and 20%, contributing to a 3.6 percentage point rise in gross margin [5] - The target price for Tencent has been raised to HKD 705.0, reflecting confidence in its growth strategy and AI development opportunities [5] Group 4: Company Analysis - Hongteng Precision - Hongteng Precision's Q2 2025 results met expectations, with revenue and net profit growing by 9% and 13% year-on-year, respectively [6] - The company is accelerating its business transformation, with AI cloud and automotive segments accounting for 36% of revenue in Q2, up from 24% in 2024 [6][7] - The target price for Hongteng Precision is set at HKD 4.96, based on a rolling 16 times 2026 expected P/E ratio, indicating an attractive valuation [7] Group 5: Company Analysis - 361 Degrees - 361 Degrees maintains its sales growth guidance of 10%-15% for FY25, supported by strong demand for basketball products and e-commerce growth [8][9] - However, there are concerns regarding store opening risks and declining same-store sales, which could impact future orders [8] - The target price for 361 Degrees has been adjusted to HKD 7.09, reflecting a valuation based on 11 times FY25 expected P/E [8]

来源：视频滚动新闻 娱乐公司Webtoon涨30.3%，Q2业绩超预期且与迪士尼达成合作。Cava跌22.1%，这家地中海连锁餐厅 Q2营收不及预期。人工智能基础设施提供商CoreWeave跌10.8%，季度业绩喜忧参半。携程网涨4.0%， 暑期旅游市场爆发式增长。 ...

公司主要通过Trip.com和天巡为非中国大陆用户提供旅行产品的预订。 Trip.com通过本地网站提供的产品和服务覆盖24种语言和35种本地货币。 8月13日，携程(TCOM)开盘上涨4.08%，截至21:30，报61.76美元/股，成交220.16万美元，总市值403.67 亿美元。 财务数据显示，截至2025年03月31日，携程收入总额138.3亿人民币，同比增长16.17%；归母净利润 42.77亿人民币，同比减少0.81%。 大事提醒： 8月25日，携程将披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当地时间，实际 披露日期以公司公告为准）。 资料显示，携程集团有限公司是全球领先的一站式旅行平台,提供全面的旅游产品、服务及差异化旅行 内容。对许多亚洲游客以及越来越多来自世界各地的游客而言,公司是其优选的旅游平台。公司协助用 户探索旅游,为其激发灵感、提供信息,以完成高性价比的旅游预订,并提供随时随地的行中服务,以及鼓励 用户分享旅游体验。公司成立于1999年,2003年在纳斯达克上市并于2021年在香港联交所上市,运营品牌 主要包括:携程,去哪儿,Trip.com以及天巡。公司将继 ...

携程网(TCOM.US)美股盘前涨3.7%。消息上，2025年暑期旅游市场爆发式增长，携程数据显示国内旅 游订单同比增长超六成，三四线城市成增长主力。携程作为旅游行业头部企业，身处行业快速发展的红 利期，订单量的大幅增长直接带动收入增加，盈利预期提升。(格隆汇) | TCOM 携程网 | | | | --- | --- | --- | | 59.340 4 -0.140 -0.24% | | 收盘价 08/12 16:00 美东 | | 61.520 + 2.180 +3.67% | | 盘前价 08/13 04:41 美东 | | 三 7 24 华 S 5 日 ♥ 白 ♥ 白 ♥ 白 一 白 | | ● 快捷交易 | | 最高价 60.375 | 开盘价 60.350 | 成交量 431.24万 | | 最低价 59.300 | 昨收价 59.480 | 成交额 2.57亿 | | 平均价 59.607 | 市盈率TM 17.40 | 总市值 387.85亿 (…) | | 振 幅 1.81% | 市盈率(静) 17.19 | 总股本 6.54亿 | | 换手率 0.73% | 市净率 1.918 | 流通 ...

Core Viewpoint - The U.S. stock market saw a collective rise in popular Chinese concept stocks before the market opened, indicating positive investor sentiment towards these companies [1] Group 1: Stock Performance - Bilibili experienced a rise of over 5% [1] - NetEase and Kingsoft Cloud both increased by more than 4% [1] - Ctrip, Tiger Brokers, Li Auto, NIO, Futu, and Quantum Song all saw gains exceeding 3% [1] - Alibaba, Tencent Music, and Pinduoduo rose by more than 2% [1]

Group 1 - Kangji Medical (09997) resumed trading with a nearly 1% increase, announcing a privatization agreement with Knight Bidco Limited, which will make Kangji a wholly-owned subsidiary and delist from the Hong Kong Stock Exchange after completion [1] - Tencent Music (01698) opened high with over a 15% increase, reporting a 30% year-on-year increase in adjusted net profit for Q2 ending June 30, 2025, driven by high-quality growth in its online music business [1] - Mingyuan Cloud (00909) opened over 2% higher, announcing a cash acquisition of 100% equity in ASIOT Co., Ltd. for 700 million yen by its subsidiary MytePro Japan [1] Group 2 - Yuedu Group (00772) surged over 15%, reporting a 68.5% year-on-year increase in net profit for the first half of the year, with strong performance in IP for premium films and animations, and significant growth in the emerging short drama sector [2] - Minmetals Resources (01208) rose over 9%, with net profit increasing 15 times year-on-year, attributed to higher copper production and rising prices of copper, gold, silver, and zinc [2] - Beihai Kangcheng-B (01228) increased over 31%, announcing a strategic cooperation agreement with Baiyang Pharmaceutical for exclusive commercial services in promoting several products in mainland China, Hong Kong, and Macau [2] Group 3 - Zhonghui Biotech-B (02627) surged over 25%, as its vaccine product was included in the preliminary review list of the national commercial health insurance innovative drug catalog [2] - Gilead Sciences-B (01672) rose over 5%, announcing promising efficacy results for its candidate drug ASC47 in combination with teriparatide for obesity treatment in diet-induced obesity mouse studies [3] - Dongying Travel (06882) fell over 9%, issuing a profit warning with expected net profit of approximately 6 million HKD for the first half of 2025, down about 82% from 34 million HKD in the same period last year [3] Group 4 - Kodak (KODK.US) dropped 19.91% after reporting a shift from profit to loss in Q2, raising concerns about its ability to execute critical financing measures [4] - Niu Technologies (NIU.US) rose 11.69%, reporting a turnaround to profitability in Q2 and projecting Q3 revenue between 1.433 billion to 1.638 billion CNY, a year-on-year increase of 40% to 60% [4] - Huya (HUYA.US) increased by 4.53%, preparing to release its financial report, with a strong growth trajectory in gaming-related services [4] Group 5 - ON Running (ONON.US) rose 8.95%, reporting a 32% year-on-year increase in Q2 sales and projecting annual net sales of at least 2.91 billion Swiss francs, exceeding previous expectations [6] - Micron Technology (MU.US) increased by 3.26%, significantly raising its Q4 fiscal year 2025 revenue guidance to between 11.1 billion to 11.3 billion USD, with gross margin guidance improved to 44% to 45% [6]

Market Overview - Global markets showed mixed performance, with the Hang Seng Index closing at 24,970, up 0.25% for the day and 24.48% year-to-date [1] - The US markets saw gains, with the Dow Jones up 1.10% and the S&P 500 up 1.13%, reflecting positive sentiment driven by moderate inflation data [3] Hong Kong Stock Performance - The Hang Seng Financial Index rose 0.52% and is up 28.47% year-to-date, while the Hang Seng Utilities Index fell 0.30% but is still up 5.00% for the year [2] - Southbound capital saw a net inflow of HKD 9.45 billion, indicating strong interest in Hong Kong stocks [3] Economic Policies and Impacts - The Chinese government announced targeted interest subsidies for personal consumption loans, potentially leading to an increase in loan growth by CNY 1 trillion [3] - The Hong Kong Monetary Authority intervened by buying HKD 7.065 billion to defend the currency peg, with total purchases since June reaching HKD 116.6 billion [3] Company Analysis: Kingdee International - Kingdee reported a 1H25 revenue of CNY 3.19 billion, a year-on-year increase of 11.2%, aligning with expectations [4] - The company aims for AI-related revenue to constitute over 30% of total revenue by 2030, with AI contracts exceeding CNY 150 million in 1H25 [4] Company Analysis: Tencent Music - Tencent Music's 2Q25 revenue grew 18% to CNY 8.44 billion, with Non-IFRS net profit increasing 37% to CNY 2.57 billion, surpassing market expectations [5] - The company is expected to continue its growth trajectory, with projected revenue and profit increases of 17% and 28% respectively for 3Q25 [5] Focus Stocks - Geely Automobile (175 HK) has a target price of HKD 24.00, representing a 24% upside potential [6] - Luckin Coffee (LKNCY US) has a target price of USD 44.95, indicating a 19% upside potential [6] - Tencent (700 HK) is rated "Buy" with a target price of HKD 660.00, reflecting an 18% upside potential [6]

全球旅游市场复苏的浪潮中，一场以技术为纽带的酒店业变革正在悄然启动。携程集团近日宣布启 动"智旅未来"酒店赋能计划，针对国内不同类型酒店面对的效率瓶颈、入境服务能力缺口与同质化竞争 等痛点，构建赋能体系。该计划以AI技术为核心驱动力，聚焦三大核心领域——多语言服务升级、生 态升级、产品创新升级，系统性助力酒店降本增效、开拓增量市场。 根据规划目标，携程计划在未来三年覆盖20万家合作酒店，推动酒店入境游订单年均增长100%，以创 新带来新客增长100%，可持续经营助力酒店运营效率提升100%，让平台与酒店进一步成为收益增长共 同体。 破语言关 多语言解决方案助酒店撬动入境游机遇 目标订单年增幅100% 长期以来，语言壁垒如同无形的围墙，将众多中档酒店与国际游客市场无情隔开，痛失巨大的市场增量 机会。如何低成本、高效率地突破语言障碍，精准触达和服务全球客源，成为摆在中档酒店经营者面前 的一道关键难题。 在上海某四星酒店，前台员工正通过后台与韩国游客流畅沟通。嵌入携程商家助手的多语言AI系统能 实时翻译26种语言，让这家缺乏外语人才的酒店首次实现"零成本"接待国际客群。该酒店总经理表 示，"最近三个月酒店的海外咨询 ...