在一年时间内，因两次延迟披露财报，碧桂园及其高管接连遭上交所公开谴责，面临前所未有的信用危 机。这两份财报分别是2023年年报及2024年中报。 而从今年3月底碧桂园发布的2024年年报来看，这家曾经的行业龙头归属公司股东应占损失约328亿元， 虽然亏损同比大幅减少，但债务仍然压顶。面对流动性枯竭，以及在"保交楼"和"保主体"的双重压力 下，碧桂园如何"砸锅卖铁"自救？又能否顺利进行债务重组？ 碧桂园高管再次被公开谴责 日前，上交所发布公告，碧桂园地产集团有限公司（简称"碧桂园地产集团"）因未能按时披露2024年中 期报告，对碧桂园地产集团有限公司及时任董事长杨惠妍、时任总经理兼信息披露事务负责人简暖棠、 时任财务负责人陈淑兰予以公开谴责，并将上述纪律处分，记入诚信档案。 作为碧桂园的境内发债主体，碧桂园地产集团自2019年11月至2020年11月期间发行了19碧地03、20碧地 04等公司债券，作为公司债券发行人，碧桂园地产集团应当在2024年8月31日前披露2024年中期报告， 但其未在法定期限内披露，直至2025年2月24日才完成披露。 上交所表示，按时披露定期报告是债券发行人的法定信息披露义务。发行人 ...

农业农村部乃为推进中国农业现代化及农村发展而设立的专门机构，主要职能包括为农业及农村基础建 设项目提供技术支援、管理及咨询服务。农业农村部在贯彻国家政策方面发挥关键作用，并与地方政 府、研究机构及工程建设单位保持紧密合作。 根据指导合同，农业农村部应(其中包括)：(i)为本集团提供建设"碳中和"数字农业产业园示范基地的建 设和规划;(ii)协助本集团获取农村农业领域的相关资料及政策，以及申请相关政府基金;(iii)协助本集团 开展PCM技术应用的试验及实验工作、收集相关数据及分析结果;及(iv)通过组织权威专家推动PCM相关 技术的应用推广，特别在设施农业、农产品、冷冻冷库链，并建立相关体系和制定企业标准，支持本集 团发展。 董事会相信，在农业农村部的指导支援下，研发材料及PCM技术在农业领域的应用将更具成效且获得 验证，助力国家碳中和目标之余亦有望为能够达致负碳排放作出显着贡献。 MAYER HOLDINGS(01116)发布公告，诚如PCM公告所述，本集团一直与多个机构(包括多所大学)合 作，共同开发及应用PCM相关技术，并就不同温度及场景下的配方进行实验研究，以扩大该等PCM技 术的应用范围。 为进一步 ...

Core Viewpoint - In Q1 2025, Leap Motor achieved a record revenue of 10.02 billion yuan, marking a year-on-year growth of 187.1%, solidifying its position as a "growth dark horse" in the domestic new car manufacturing sector [1] Financial Performance - Revenue for Q1 2025 reached 10.02 billion yuan, compared to 3.5 billion yuan in Q1 2024, reflecting a significant increase [1] - Net loss reduced to 130 million yuan from 1.01 billion yuan in the same period last year, a decrease of 87% [1] - Operating cash flow turned positive, reaching 340 million yuan [1] - Gross margin for Q1 2025 was 14.9%, a turnaround from -1.4% in Q1 2024 and an increase from 13.3% in Q4 2024, marking a historical high [1] Delivery and Sales - The company delivered 87,600 new vehicles in Q1 2025, nearly doubling year-on-year [1] - Revenue per vehicle increased by 4.9% year-on-year, reaching 114,000 yuan [1] International Expansion - Leap Motor accelerated its collaboration with Stellantis, launching multiple models in European and Southeast Asian markets, with overseas deliveries increasing by over 200% year-on-year [1] - From January to April 2025, the company exported 13,600 vehicles, maintaining its position as the top exporter among new car manufacturers [1] Challenges and Future Plans - Despite the impressive growth, profitability remains elusive, with intense competition and unknown risks in overseas markets [1] - The company plans to establish a localized factory in Europe by 2026, which will increase capital expenditures [1] - Leap Motor aims for a bold target of achieving breakeven in Q2 2025 [1] - The globalization strategy faces challenges, including high capital expenditures and uncertainties in labor policies, which may compress cash flow [1] - The high-end strategy is also hindered by insufficient brand strength [1]

Core Insights - Meitu Company made its first appearance on the Hong Kong Stock Connect active trading list in a month on May 21, 2023, with a trading volume of 19.96 billion HKD and a net sell of 0.41 billion HKD, closing up by 18.98% [2] Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect on May 21 was 305.48 billion HKD, accounting for 32.70% of the day's total trading amount, with a net sell of 6.09 billion HKD [2] - Xiaomi Group-W led the trading volume with 75.96 billion HKD, followed by Tencent Holdings and Alibaba-W with trading amounts of 47.62 billion HKD and 31.33 billion HKD, respectively [2] - The most frequently listed stocks in the past month were Meituan-W and Alibaba-W, each appearing 19 times, indicating strong interest from Hong Kong Stock Connect funds [2] Individual Stock Performance - Meitu Company: 19.96 billion HKD trading volume, net sell of 0.41 billion HKD, closing price at 18.98% increase [2] - Tencent Holdings: 47.62 billion HKD trading volume, net sell of 13.27 billion HKD, closing price at 520.500 HKD, with a daily increase of 0.68% [2] - Xiaomi Group-W: 75.96 billion HKD trading volume, net sell of 4.47 billion HKD, closing price at 54.450 HKD, with a daily decrease of 0.64% [2] - Alibaba-W: 31.33 billion HKD trading volume, net sell of 8.98 billion HKD, closing price at 123.100 HKD, with a daily increase of 1.15% [2] - Meituan-W: 23.46 billion HKD trading volume, net buy of 6.56 billion HKD, closing price at 137.300 HKD, with a daily increase of 0.66% [2]

与此同时，面对需求波动和线下客流承压对行业带来的库存管理难度加大，滔搏采取了一系列积极的应 对措施，全面推进全渠道库存打通与流转，落实"全域一盘货"下库存的高效流通与精准管理。截至2025 年2月28日，滔搏存货金额同比下降4.5%，较中期报告值下降1.9%，库存周转天数也实现同比及环比双 重改善。特别是在下半财年，随着调整力度的加大，库存管理效果逐步体现。 本报讯 （记者张文湘）5月21日，中国领先的运动零售运营商滔搏国际控股有限公司（以下简称"滔 搏"）发布了2024年3月1日至2025年2月28日全年业绩公告。报告期内，滔搏实现营业收入270.1亿元， 净利润12.8亿元；合作品牌数量超20个，用户规模已超8600万。 在消费市场承压的大环境下，过去一年，滔搏持续深化全域库存管理、强化现金回流以及拓展多元品牌 生态。报告期内，公司现金及现金等价物达25.9亿元，同比增长32.3%；派息率为135.0%，维持行业领 先水平。 业务方面，滔搏持续完善全域一站式零售运营模式，并结合消费者喜好，通过新模式积极布局新赛道和 新业态。目前，滔搏已成功构建起覆盖综合运动、专业运动、休闲运动及IP文化的多元品牌生态体系 ...

Core Viewpoint - Bilibili (09626.HK) has issued 10.3 million Class Z ordinary shares at a price of HKD 140.10 per share [1] Company Summary - The issuance of shares is part of Bilibili's strategy to raise capital [1] - The total capital raised from this issuance amounts to approximately HKD 1.44 billion [1] Industry Context - The issuance reflects ongoing trends in the tech and entertainment sectors, where companies are increasingly seeking to bolster their financial positions through equity financing [1] - Bilibili's move may indicate confidence in its growth prospects despite market volatility [1]

Core Viewpoint - Meitu Company announced a strategic cooperation with Alibaba Group, focusing on e-commerce, AI technology, and cloud computing, alongside a $250 million convertible bond investment from Alibaba [1][4]. Group 1: Strategic Cooperation Details - Alibaba will prioritize promoting Meitu's AI e-commerce tools and jointly develop data-driven image and video tools, while Meitu commits to purchasing at least 560 million yuan in cloud services from Alibaba over three years [3][4]. - The partnership is characterized as a long-term strategic collaboration rather than a mere resource exchange, with both companies leveraging each other's strengths in AI and e-commerce [3][5]. Group 2: Financial Aspects - Alibaba's investment consists of a $250 million convertible bond with a 1% annual interest rate, convertible into Meitu shares at a price of 6.00 HKD per share [4][5]. - The transaction is subject to government approvals, including those from the Hong Kong Stock Exchange and the National Development and Reform Commission [4]. Group 3: Market Impact - Following the announcement, Meitu's stock price surged nearly 19%, reaching a six-year high, with a year-to-date increase of over 140% [3][9]. - The collaboration is expected to enhance Meitu's AI applications and improve marketing efficiency for Alibaba's e-commerce merchants [7][8]. Group 4: Product Development Focus - Meitu aims to capitalize on the growing demand for AI-driven design tools in the e-commerce sector, particularly through its "Meitu Design Studio" [8][9]. - The "Meitu Design Studio" has seen significant user engagement, with 1.13 million subscribers and approximately 200 million yuan in revenue from a single product [8][9].

远大住工公告，公司接获联交所函件，载列恢复买卖的指引。指引包括刊发所有尚未刊发的财务业绩、 进行独立法证调查、证明管理层及任何人士的诚信、能力及品格、进行内部控制检讨、证明公司已遵守 上市规则第13.24条等。公司必须符合复牌指引的所有规定，纠正导致其停牌的问题，并全面遵守上市 规则，达到联交所满意的程度，其证券方可恢复买卖。复牌前，公司必须公布复牌指引及18个月期限， 并在停牌期间公布季度更新。公司现正采取适当步骤以解决导致其停牌的问题，并全面遵守上市规则， 以达到联交所满意的程度，并将寻求尽快恢复其股份买卖。 ...

在行政费用方面，高鑫零售同样实现了有效控制。截至2025年3月31日的年度，行政费用为17.09亿元，与上年同期的22.51亿元相比，减少了5.42亿元，减幅 高达24.1%。这一减少主要归因于商誉减值的减少以及管理层对总部组织的优化，使得人事开支大幅缩减。 近日，大润发母公司高鑫零售（股票代码：06808）对外公布了其截至2025年3月31日的年度财务报告。报告显示，该公司在过去一年中的营业收入为715.52 亿元，与前一年度的725.67亿元相比，出现了1.4%的小幅下滑。 在利润方面，高鑫零售的毛利为172.36亿元，与上一年度的179.58亿元相比，下降了4%，毛利率也由上年的24.7%下滑至24.1%。尽管面临挑战，但公司通过 一系列的成本控制措施，在销售及营销开支上取得了显著成效。数据显示，销售及营销开支从上年的181.78亿元减少至152.32亿元，降幅达到了16.2%。 | | | 截至三月三十 | 日 T | | --- | --- | --- | --- | | | | 零二五年 | | | | 例註 | 人民幣自萬元 | 人氏 | | 收入 | 4 | 71,552 | | | 成本 | ...

天眼查商业履历信息显示，产投三佳(安徽)科技股份有限公司，成立于2000年，位于铜陵市，是一家以 从事计算机、通信和其他电子设备制造业为主的企业。企业注册资本15843万人民币，实缴资本15843万 人民币。公司法定代表人为裴晓辉。 通过天眼查大数据分析，产投三佳(安徽)科技股份有限公司共对外投资了11家企业，参与招投标项目12 次，知识产权方面有商标信息10条，专利信息222条，此外企业还拥有行政许可32个。 来源：金融界 金融界消息 截至2025年5月21日收盘，三佳科技（600520）报收于29.24元，下跌2.95%，换手率 4.22%，成交量6.69万手，成交金额1.97亿元。 资金流向方面，今日主力资金净流出2447.20万元，占比成交额12.39%。其中，超大单净流出1048.12万 元、占成交额5.31%，大单净流出1399.08万元、占成交额7.08%，中单净流出流出335.30万元、占成交 额1.7%，小单净流入2782.50万元、占成交额14.09%。 三佳科技最新一期业绩显示，截至2025一季报，公司营业总收入6937.65万元、同比减少8.37%，归属净 利润426.50万元，同比减 ...