路劲仍需与投资人继续博弈。一个债权人小组表示，将继续反对路劲针对五个系列美元优先票据的同意 征求方案。该小组持有其中一只债券25%的份额。 ...

近日，中粮家佳康（01610.HK）因旗下子公司运输未经检疫的生猪被内蒙古翁牛特旗农牧业局罚款12.09万元，引发市场关注。这批生猪货值达24万元，违 规行为不仅暴露了公司在供应链管理上的漏洞，更让消费者对食品安全问题产生担忧。 市场分析认为，中粮家佳康不分红的背后，或是日益紧张的现金流。2024年年报显示，中粮家佳康在手现金仅剩10.64亿元，较上年同期近乎腰斩，而一年 内到期的短期债务高达26亿元，现金短债比低至0.41，偿债压力巨大。即便2024年实现扭亏为盈，净利润达5.38亿元，但经营性现金流却大幅缩水，从2023 年的18.72亿元骤降至6.52亿元，自我造血能力明显减弱。 面对流动性风险，中粮家佳康近年来频繁依赖外部融资"输血"。2022年至2024年融资性现金流净额波动明显，反映其资金链的脆弱性。有投资者质疑，在债 务高企的背景下，公司是否会将有限的现金优先用于偿债而非回馈股东？ 业内人士指出，生猪养殖行业本就受"猪周期"影响显著，价格波动大，企业需具备较强的抗风险能力。中粮家佳康若不能尽快改善现金流管理、加强合规运 营，恐将在行业竞争与债务压力的双重夹击下陷入更被动的局面。对于投资者而言，这 ...

Group 1 - In June 2025, the total retail sales of consumer goods reached 42,287 billion yuan, with a year-on-year growth of 4.8% [1] - Excluding automobiles, the retail sales of consumer goods amounted to 37,649 billion yuan, also growing by 4.8% [1] - From January to June, the total retail sales of consumer goods were 245,458 billion yuan, with a year-on-year increase of 5.0% [1] Group 2 - Urban retail sales in June were 36,559 billion yuan, reflecting a year-on-year growth of 4.8%, while rural retail sales reached 5,728 billion yuan, growing by 4.5% [3] - For the first half of the year, urban retail sales totaled 213,050 billion yuan, with a growth rate of 5.0%, and rural retail sales were 32,409 billion yuan, increasing by 4.9% [3] Group 3 - In June, the retail sales of goods were 37,580 billion yuan, with a year-on-year growth of 5.3%, while catering revenue was 4,708 billion yuan, growing by 0.9% [3] - For the first half of the year, the retail sales of goods reached 217,978 billion yuan, with a growth of 5.1%, and catering revenue was 27,480 billion yuan, increasing by 4.3% [3] Group 4 - From January to June, retail sales in convenience stores, supermarkets, department stores, specialty stores, and brand stores grew by 7.5%, 5.4%, 1.2%, 6.4%, and 2.4% respectively [5] - The online retail sales for the first half of the year were 74,295 billion yuan, with a year-on-year growth of 8.5%, and the physical goods online retail sales were 61,191 billion yuan, growing by 6.0% [5] Group 5 - The new flagship store of Xiaomi, located in Shenzhen, is the largest Xiaomi store globally, showcasing a wide range of products including Xiaomi cars [12] - Aveda's first concept flagship store in China opened in Shanghai, featuring a unique retail ecosystem with personalized care solutions [14][17] - BROMPTON opened its first store in Guangzhou, emphasizing high-end folding bicycles tailored for urban living [18] Group 6 - The Danish jewelry brand Pandora is rumored to exit the Chinese market, planning to close at least 50 stores this year [25] - The Italian sportswear brand Hydrogen is set to enter the Chinese market in 2026, focusing on high-end fashion and professional sports performance [26] Group 7 - Lucky Coffee aims to reach 10,000 stores by 2025, with a focus on expanding in first and second-tier cities [34] - The company has introduced attractive franchise policies to encourage new store openings [35] Group 8 - The supermarket chain ALDI has opened new stores in Jiangsu, continuing its expansion in the region [39] - Yonghui Supermarket has launched a new store model in Shenzhen, aiming to complete 200 store renovations by the third quarter [40] Group 9 - The discount store brand "Wumei Super Value" will open six stores in Beijing, focusing on high-quality products at low prices [41] - Meituan's discount supermarket "Happy Monkey" plans to open 1,000 stores, starting with 10 signed locations [42] Group 10 - Pop Mart expects a revenue increase of at least 200% in the first half of the year, with profits projected to grow by no less than 350% [43][44]

港股都市丽人(02298.HK)冲高回落，一度涨超27%，现涨超13%，成交额超465万港元。 ...

港股"周杰伦概念股"巨星传奇(06683.HK)跌超22%，近两周跌幅达33%。 ...

智通财经7月21日电，港股IP经济概念股午后持续下挫，巨星传奇跌超20%，阅文集团跌超5%。 ...

港股IP经济概念股午后持续下挫，巨星传奇跌超20%，阅文集团跌超6%。 ...

董事会进一步宣布，认购协议所载发行债券的所有先决条件已获达成，并已于2025年7月18日完成认购 及发行债券。债券已于2025年7月18日在维也纳证券交易所上市。债券的本金总额为8.50亿港元，并已 由联席账簿管理人向不少于六(6)名独立承配人(彼等为证券及期货条例所界定的专业投资者)配售。 格隆汇7月21日丨周大福创建(00659.HK)宣布，交易经办人协议所载同步购回的所有先决条件已获达 成，而同步购回已于2025年7月18日完成。本金总额为5.66亿港元的现有可换股债券已获购回("购回债 券")，占现有可换股债券的初始本金额约72.6%。公司已促使香港上海滙丰银行有限公司(作为现有可换 股债券的受托人)安排注销购回债券。 现有可换股债券的余下未偿还本金额7400万港元(「余下未偿还金额」)已于公告日期悉数转换为股份。 于该购回及转换后，并且在公司日期为2025年7月16日有关现有可换股债券于维也纳证券交易所除牌的 公告中已提述，(i)已再无未偿还的现有可换股债券；(ii)现有可换股债券于维也纳证券交易所的最后交 易日为2025年7月18日；(iii)现有可换股债券预期将于2025年7月22日或前後自维也 ...

Core Viewpoint - KEEP has announced a significant improvement in its financial performance for the first half of 2025, projecting an adjusted net profit of approximately 10 million yuan, attributed to optimized business structure, improved revenue quality, and AI technology integration [1][4]. Group 1: Financial Performance and AI Investment - The profitability achieved in the first half of 2025 is crucial for KEEP, which is undergoing an AI transformation. The company had previously reported a net loss of 469 million yuan for 2024, a 59% year-on-year increase, primarily due to increased investments in strategic business and technology innovation [2][4]. - KEEP's R&D expenses slightly decreased by 2.4% to 439 million yuan in 2024, but AI-specific investments surged, with costs related to the development of Kinetic.ai and the AI coach "KaKa" increasing by 5 to 8 million yuan [2][3]. - The announcement of half-year profitability serves as a critical validation of KEEP's "All in AI" strategy, indicating a successful transition from internet services to AI-driven business models [4][9]. Group 2: Revenue Structure and Commercial Potential - KEEP's business is divided into three main segments: proprietary sports products, online memberships and paid content, and advertising. The focus remains on AI integration within the app and profitability growth of proprietary sports products [5][8]. - The AI coach is expected to significantly enhance the online membership and paid content segment, with the potential to transform user engagement and increase average revenue per user (ARPU) by up to tenfold [7][10]. - KEEP plans to introduce various tiers of AI coaching services, aiming to maximize user value and improve user retention through enhanced experiences [7][8]. Group 3: Market Position and Challenges - The generative AI technology is reshaping the competitive landscape in the internet industry, with KEEP's AI strategy showing initial promise. The "Body Weight Management Year" initiative is expected to create new growth opportunities for KEEP [9][10]. - The capital market has responded positively to KEEP's AI strategy, with stock prices rising significantly following the announcement of the "All in AI" initiative and subsequent product releases [9][10]. - Despite the optimistic outlook, KEEP must demonstrate that its AI applications can translate into tangible financial results, as the market's patience is contingent on the balance between technological implementation and commercial pacing [10].

在县域经济崛起与产业转型的双重背景下，职业教育正从传统的"技能培训"角色升级为破解人才困境的 核心抓手。 有着"职教航母"之称的中国东方教育，正通过"政策+职教+产业"的闭环模式，为县域经济注入技能型人 才。这家老牌职教龙头更是探索出一条职教下沉的可持续路径——从课程精准适配到校企深度共生，从 就业生态多元构建到职教品牌壁垒强化。 这一实践不仅为县域经济提供了"技能输血"，也为中国职业教育与区域经济协同发展提供了可复制的样 本。在这一模式下，职业教育也不再是单一的教育行为，而是深度嵌入地方经济体系的关键环节。 01 | 职教下沉的战略价值与社会需求 随着目前经济和消费市场进入结构性转型的阶段，县域经济的重要性被进一步提出。 县域经济本身就在我国经济中占据着重要地位。2024年，中央经济工作会议提出要大力发展县域经济。 众多互联网企业也将县域经济看作下一步的发展曲线，众多消费企业将"万店"视作扩张目标，而县城正 是实现万店的增量市场，平台则将县城视作新鲜市场，认为是当下避免内卷式竞争的重要突破点。 但县域经济崛起，以及这一消费市场的发掘存在不少痛点。首先，县城经济的生产生活条件整体上落后 于一、二线城市，人才" ...