智通财经APP获悉，联邦制药(03933)盈喜后涨超8%，截至发稿，涨8.49%，报17.62港元，成交额5.98亿 港元。 公告称，净溢利上升主要由于来自诺和诺德股份有限公司的许可费收入净溢利约人民币11亿元。但与 2024年同期相比，中间体产品的分部溢利下降约人民币4.3亿元，及原料药的分部溢利下降约人民币2.7 亿元，部分抵消了这一增长。 消息面上，8月18日，联邦制药发布公告，预期本集团截至2025年6月30日止6个月的净溢利约为人民币 18.5亿元，而截至2024年6月30日止6个月的净溢利约为人民币14.91亿元。 ...

Core Viewpoint - Guofu Hydrogen Energy (02582) has seen a significant stock price increase, rising nearly 15% in early trading, attributed to the announcement of a major sales agreement for green hydrogen production equipment [1] Group 1: Company Developments - Guofu Hydrogen Energy announced a sales agreement with Hami Tonghuide for the supply of green hydrogen production equipment, valued at over 150 million yuan [1] - The agreement involves the provision of 22 sets of 1000 standard cubic meters per hour electrolyzers, gas-liquid treatment equipment, green hydrogen control systems, safety detection systems, and auxiliary equipment [1] - This collaboration marks a significant milestone for the company in the large-scale application of electrolytic hydrogen production technology in China's northwest industrial sector [1] Group 2: Industry Implications - The partnership is part of a long-term strategic plan to integrate hydrogen energy with the metallurgy industry, leveraging the abundant renewable energy resources in the Hami region, such as wind and solar power [1] - The initiative represents the company's first comprehensive green electricity hydrogen metallurgy solution in the green metallurgy sector [1]

消息面上，同程旅行发布业绩。财报显示，2025年上半年，同程旅行实现营收90.5亿元，同比增长 11.5%；经调整EBITDA23.4亿元，同比增长35.2%；经调整净利润15.6亿元。值得注意的是，2025年上 半年，同程旅行包括线上度假在内的其他收入达到13.6亿元，同比增长24.1%。 智通财经APP获悉，同程旅行(00780)绩后涨超7%，截至发稿，涨3.97%，报20.44港元，成交额1.98亿港 元。 华泰证券指出，同程旅行二季度收入47亿元，同比增长10.0%，略高于预期的46亿元约0.7%；经营利润 8.1亿元，超预期11.4%，其中核心OTA业务经营利润率持续优化，主要来自于补贴效率的提升和公司经 营杠杆的增加；调整后净利润7.7亿元，超预期3.3%，公司本季度收入表现略高于预期，利润率超预 期。该行看好国内旅游的需求韧性，在战略层面公司重点落地三个方向，分别为深挖用户价值、拓展出 境游业务及酒店管理业务扩张，或将实现长期收入增长和利润稳健释放。 ...

Core Viewpoint - Starbucks is implementing a 2% salary increase for all salaried employees in North America, marking a shift from previous practices where managers determined raises independently. This initiative is part of a broader strategy to enhance service quality, reduce wait times, and improve store attractiveness [1][2]. Group 1: Salary Increase and Cost Management - The 2% salary increase applies to all company employees, including those in manufacturing and distribution, as well as salaried store managers [1]. - Senior management has been instructed to actively control costs to offset the expenses associated with the upgrades in store experience and service [1]. Group 2: Sales Performance and Strategic Changes - Starbucks is facing challenges with declining same-store sales for six consecutive quarters, influenced by rising coffee bean prices and tariffs [2]. - New CEO Brian Niccol is updating the menu, increasing staff, and introducing technology to streamline ordering processes [2]. - Significant personnel changes have been made, including the reduction of approximately 1,100 employees and adjustments to employee dress codes [2]. Group 3: Financial Performance and Market Position - In the previous fiscal year, employees received only 60% of their bonuses due to poor financial performance [3]. - The company is implementing the "Green Apron Service" model to standardize transaction processes and improve sales and customer service times [3]. - Despite efforts to increase same-store sales, the costs associated with these changes are compressing operating profit margins, raising concerns about future profitability [3]. Group 4: Stock Performance and Valuation - Starbucks stock rose by 2.1% to $92.54, but has underperformed compared to the S&P 500 index, which has increased nearly 10% this year [4]. - Analysts project a price-to-earnings ratio of approximately 32 times for the fiscal year ending in 2026, indicating that the stock is not cheap [4]. - Citigroup has lowered its target price for Starbucks from $100 to $99, maintaining a "neutral" rating due to the high costs associated with the company's turnaround efforts [4].

消息面上，8月18日，橙天嘉禾发布公告，该集团预期于2025年上半年取得股东应占收益净额不少于 1.25亿港元，而2024年上半年的亏损净额则为8100万港元。 公告称，2025年上半年股东应占收益净额主要由于以下各项的净影响所致：终止香港若干电影院租约所 产生分别来自拨回重置成本拨备及租赁修改的非经常性净收益约1900万港元及4600万港元；因其他电影 院的租赁修改而产生的非经常性净收益约3900万港元；因出售新加坡一项物业而拨回递延税项负债所产 生的所得税抵免3300万港元；2024年同期取得非金融资产减值亏损3.13亿港元，而期内并无取得有关减 值；去年同期出售集团于一间合营企业的权益所取得非经常性净收益2.94亿港元，而期内并无取得有关 收益；及 期内集团的营运开支减少，乃由于成本减少及短期租金支持所致。 智通财经APP获悉，橙天嘉禾(01132)盈喜后拉升逾48%，截至发稿，涨41.67%，报0.087港元，成交额 188.7万港元。 ...

美的置业(3990.HK)跳空高开14.83%报5.42港元。消息面上，公司昨晚发盈喜，预计2025年上半年来自 集团持续经营业务的公司拥有人应占利润将录得2.5亿元-3.5亿元；预计公司拥有人应占核心净利润将录 得2.5亿元-3.5亿元。上年同期分别为1.4亿元和1.42亿元。公告称，升幅主要是集团于2024年10月22日完 成实物分派及出售后开发服务成为集团的新增业务板块所致。 ...

Market Overview - The Hong Kong stock market opened slightly higher, with the Hang Seng Index rising by 0.26% to 25,241.29 points, the Hang Seng Tech Index up by 0.24% to 5,592.3 points, the National Enterprises Index increasing by 0.23% to 9,054.09 points, and the Red Chip Index gaining 0.18% to 4,373.41 points [1] Company Performance - Sinopec Oilfield Services reported revenue of approximately 37.051 billion yuan, a year-on-year increase of 0.6%, and a net profit of approximately 492 million yuan, up 9% [2] - Leap Motor achieved revenue of 24.25 billion yuan, a significant year-on-year growth of 174%, and a net profit of 30 million yuan, turning around from a loss of 2.21 billion yuan in the same period last year [2] - Wanwu Cloud reported revenue of 18.137 billion yuan, a year-on-year increase of 3.11%, and a net profit of 792 million yuan, up 3.88% [3] - China Biopharmaceuticals recorded revenue of 17.57 billion yuan, a year-on-year increase of 10.7%, and a net profit of 3.39 billion yuan, up 140.2% [3] - Tongcheng Travel reported revenue of 9.05 billion yuan, a year-on-year increase of 11.5%, with adjusted EBITDA of 2.34 billion yuan, up 35.2%, and a net profit of 1.56 billion yuan, up 28.6% [3] - Hansoh Pharmaceutical reported revenue of 7.434 billion yuan, a year-on-year increase of 14.27%, and a net profit of 3.135 billion yuan, up 15.02% [4] - Meitu reported revenue of 1.82 billion yuan, a year-on-year increase of 12.3%, and a net profit of 397 million yuan, up 30.8% [5] - Huabao International reported revenue of 1.621 billion yuan, a year-on-year increase of 2.5%, and a net profit of 118 million yuan, up 298.1% [6] - Andeli Juice reported revenue of 948 million yuan, a year-on-year increase of 50%, and a net profit of 201 million yuan, up 50.3% [6] Earnings Warnings and Surprises - Road King issued a profit warning, expecting a mid-term net loss of approximately 1.9 to 2.1 billion HKD [7] - Hui Kee Group also issued a profit warning, anticipating a mid-term net loss of approximately 800 to 900 million HKD, a year-on-year increase [8] - Yunfeng Financial issued a profit alert, expecting a mid-term net profit of approximately 480 million HKD, a significant year-on-year increase of about 139% [9] - Heung Kong Holdings issued a profit warning, expecting a mid-term net loss of 130 to 160 million HKD [10] - JS Global Life issued a profit warning, expecting a mid-term net loss of no more than 56 million USD, turning from profit to loss [11] - United Pharmaceutical issued a profit alert, expecting a mid-term net profit of approximately 1.85 billion yuan, a year-on-year increase [12] - Orange Sky Golden Harvest issued a profit alert, expecting a net profit exceeding 125 million HKD, turning from loss to profit [13] - Ximei Resources issued a profit alert, expecting a mid-term net profit of approximately 81.8 to 100 million HKD, a year-on-year increase [14] - International Resources issued a profit alert, expecting a mid-term net profit of approximately 59 million USD, a year-on-year increase [15] - Siheng Holdings issued a profit alert, expecting a mid-term net profit exceeding 50 million HKD, turning from loss to profit [16] Insurance Sector - New China Life Insurance reported cumulative original premium income of 137.806 billion yuan for the first seven months, a year-on-year increase of 23% [17] Automotive Sector - Leap Motor delivered 50,129 vehicles in July [18]

日股市场软银集团(9984.T)一度跌4.5%，报15950日元。消息面上，软银集团与英特尔在一份联合声明 中表示，双方已签署了一项协议，软银将向英特尔投资20亿美元。根据协议，软银集团将以每股23美元 的价格收购英特尔普通股。英特尔(INTC.US)周一收报23.66美元。 本文源自：金融界AI电报 ...

特朗普政府探讨通过《芯片与科学法案》资金收购英特尔约10%股权，或成其最大股东，涉及金额可能 涵盖已获批的109亿美元补贴。日本软银已抢先达成20亿美元投资协议。具体操作细节及时间表未明， 白宫等相关方未作评论。 此次谈判背景复杂，英特尔技术落后亚洲厂商，是美国重振本土芯片业关键。此前拜登、特朗普团队都 曾有相关方案但未实质进展，内部引入阿联酋资本设想进展不明。若收购推进，延续特朗普政府战略干 预模式。 软银以每股23美元购入英特尔普通股，孙正义称彰显推动美技术与制造领先决心，陈立武感谢其信心。 英特尔面临困境，股价受消息影响有波动，软银投资后盘后股价涨超5%。 本文源自：金融界 作者：电报君 ...

隔夜美股三大指数几乎平收，热门中概股多数上涨。港股三大指数小幅高开，恒指涨0.26%，国指涨 0.23%，恒生科技指数涨0.24%。盘面上，大型科技股集体上涨但涨幅不大，小米、京东、腾讯、美 团、百度涨幅在0.9%以内；国务院总理李强强调采取有力措施巩固房地产市场止跌回稳态势，内房股 全线上涨，其中，美的置业发盈喜大涨近15%领衔，富力地产、龙光集团、世茂集团涨超2%；互联网 医疗股继续昨日上涨行情，旅游股、军工股、濠赌股、体育用品股、免税概念股齐涨，其中，中国中 免、李宁均涨超1%。另一方面，家电股、苹果概念股、直播概念股、钢铁股部分走低，其中，JS环球 生活发盈警跌超4%。(格隆汇) ...