本行成立十年来，深入推进改革发展，持续优化体制机制，坚定数字化转型，密切银政企关係，取得一 系列发展成果，积淀了坚实的发展基础。2024年，本行进一步坚定做优政府银行、做实产业银行、做强 市民银行、做大乡村振兴银行的战略方向，新的差异化竞争优势正在加快形成。截至报告期末，本行总 资产13,651.97亿元，较上年末增加187.51亿元，增幅1.4%。各项贷款总额(不含应计利息)7,144.55亿元， 较上年末增加69.93亿元，增幅1.0%;存款余额(不含应计利息)8,894.34亿元，较上年末增加519.13亿元， 增幅6.2%。实现营业收入259.55亿元;实现净利润34.70亿元，增幅8.2%;不良贷款率2.02%，较上年末下 降0.02个百分;拨备覆盖率155.03%，较上年末上升0.97个百分点;核心一级资本充足率、一级资本充足 率、资本充足率分别为8.46%、10.93%、13.02%，较上年末分别上升0.36、0.49、1.38个百分点，资本实 力持续提升。 智通财经APP讯，中原银行(01216)发布截至2024年12月31日止年度业绩，该集团利息净收入人民币 215.43亿元(单位下同)，同 ...

Core Viewpoint - Longfor Group reported strong financial performance for 2024, with total revenue of RMB 127.47 billion and net profit of RMB 10.4 billion, highlighting the resilience of its operational and service segments amid a challenging real estate market [1][3] Financial Performance - Longfor's operational and service business generated revenue of RMB 26.71 billion, a year-on-year increase of 7.4%, contributing 21% to total revenue [1] - The company achieved a net debt ratio of 51.7% by the end of 2024, with cash on hand amounting to RMB 49.42 billion and a cash-to-short-term debt ratio of 1.63 [1] - The board proposed a final dividend of RMB 0.1 per share, with a total dividend payout of RMB 0.32 per share for the year, representing a payout ratio of approximately 30% [2] Sales and Market Position - Longfor maintained a stable sales figure exceeding RMB 100 billion, ranking among the top tier in the industry, with a total contract sales of RMB 101.12 billion for 2024 [3] - The company reported a sales return rate exceeding 100%, with significant sales in 19 cities across the country [3] Strategic Focus - Longfor aims to balance its revenue structure between development and operational services by 2028, prioritizing debt safety over new investments [3] - The company plans to launch over RMB 160 billion in saleable inventory, with more than 80% located in first- and second-tier cities [4] Operational Insights - Longfor's operational business, excluding tax rental income, reached RMB 13.52 billion, a 4.5% increase year-on-year, with a gross profit margin of 75% [7] - The commercial segment generated rental income of RMB 10.98 billion, with a 7% increase and a significant rise in both sales and foot traffic [9][11] Land Acquisition and Development - In 2024, Longfor acquired land reserves totaling 830,000 square meters, with an average acquisition cost of RMB 13,285 per square meter [5] - The company maintained a cautious investment approach despite a recovering land market, focusing on strategic locations and avoiding aggressive bidding [6] Debt Management - Longfor's financial discipline has led to a reduction in total borrowings to RMB 176.32 billion, down over RMB 30 billion from peak levels, with a significant shift towards operational property loans [22][23] - The average financing cost decreased to an annual rate of 4%, with a loan maturity of 10.27 years, indicating a stable debt structure [22]

行业认为，这一战略的发布，标志着绿源集团控股在行业存量竞争时代率先打破战略桎梏，探索两轮出 行生态化布局的新篇章。 绿源集团控股副总裁倪博原介绍："未来的竞争是场景覆盖能力、技术渗透率与服务生态完整度的综合 较量，在这种竞争格局下，企业需要兼顾产品品质、场景适配和服务能力，才能更好满足市场需求。" 绿源集团控股的战略升级并非偶然，而是对行业结构性变革的主动回应。在政策层面，"新国标"实施带 来的产品更新需求仍在持续释放。技术迭代方面，如物联网、AI算法、数字化电池、液冷电机等核心 技术的快速成熟与规模化商用，正逐步将电动车从传统的"机械代步工具"转变为"智能移动终端"。消费 市场方面，用户对产品智能化与使用便利性的关注度持续提升，智能化功能、多场景适配性、服务生态 完善度成为重要关注点。 在场景化产品矩阵方面，绿源集团控股研发了多款产品，以满足用户的多元化需求。例如，在运动场 景，绿源集团控股开发了更加适合户外健康出行的LYVA品牌。随着全新战略的发布，绿源集团控股也 将从单一品牌运营转变为"一主多元复合品牌架构"。 此外，绿源集团控股的全球市场布局稳步推进，产品远销至80个国家和地区，已实现全场景应用。20 ...

日前，中原银行公布2024年成绩单。作为省属法人银行的"排头兵"，中原银行踔厉奋发、真抓实干，奋 力谱写中国式现代化河南篇章，交出了一份质量、效益、规模持续向实向好的亮眼答卷。 截至2024年12月31日，中原银行总资产人民币达13,651.97亿元。各项贷款总额（不含应计利息）人民币 达7,144.55亿元；存款余额（不含应计利息）人民币达8,894.34亿元，整体资本实力稳步提升。 稳中蓄势，必会破茧成蝶；向实而行，定能攀峰越岭。 "十四五"即将收官、"十五五"正在谋划，时代在接续奋斗中翻开新篇。在全省人民热切关注下，在全行 上下共同努力下，中原银行圆满完成年度目标，在支持地方发展进程中写下浓重的一笔，高质量发展再 上台阶。 经营向好—— 稳中提质筑牢发展"压舱石" 过去一年，面对复杂多变的经济环境，中原银行坚持"量"的合理增长与"质"的有效提升并重，核心指标 全线飘红，发展动能澎湃涌动。数据背后，是该行对高质量发展是新时代硬道理的深刻践行，更是金融 豫军"排头兵"勇立潮头的铿锵步伐。 "稳"的底色更足——以客户为本，服务提质，零售业务"压舱石"更稳更实。中原银行以"市民银行"定位 深耕零售沃土，AUM突 ...

集团的环氧乙烷业务线在2024年取得一些积极的发展，与2023年相比，2024年环氧乙烷的平均售价上涨 约5.6%，达到约人民币5,993元╱公吨(人民币5,993元╱公吨为不含增值税的价格，含增值税的价格为人 民币6,772元╱公吨)，而2023年及2022年环氧乙烷的平均售价分别同比下跌13%及4.5%。 2024年环氧乙烷的价格止跌回涨，主要是由于家用清洁产品、表面活性剂及建筑化学品的需求温和上 涨，导致下游需求回暖。集团自2022年起更加专注于表面活性剂业务线，旨在深化垂直整合，以分散业 务╱市场风险，并从生产过程的不同层面获取更高利润率。于回顾年度内，表面活性剂的销量较2023年 增长约45.6%。公司的另一条主要业务线聚丙烯在2024年也取得一些积极的发展，聚丙烯的平均售价与 2023年相比维持于类似水平，达到约人民币6,448元╱公吨(人民币6,448元╱公吨为不含增值税的价格， 含增值税的价格为人民币7,286元╱公吨)，而2023年聚丙烯的平均售价同比下跌约12%。 聚丙烯价格于2024年保持稳定主要归因于下游需求的轻微及稳定增长。集团的整体毛利率由2023年的 1.5%上升约4.2%至20 ...

Core Viewpoint - The sale of global port assets by Cheung Kong Holdings to BlackRock has triggered significant market reactions and raised concerns about potential geopolitical implications, particularly regarding China's strategic interests in global trade routes [1][2]. Group 1: Market Reaction - Following the announcement of the asset sale, the combined market value of Cheung Kong and three other companies plummeted by over 78.1 billion HKD, with Cheung Kong's stock dropping 16.49% over 11 trading days [1]. - Investors are worried not only about the asset sale itself but also about the signal it sends regarding a potential shift away from the Chinese market [1]. Group 2: Geopolitical Implications - The ports in question handle 6% of global maritime trade, with 21.4% of Chinese shipping passing through the Panama Canal, highlighting their strategic importance [1]. - The Hong Kong and Macau Affairs Office criticized Li Ka-shing's actions, suggesting that the transaction could play a crucial role in the U.S. strategy to contain China [2]. - The Chinese government has indicated potential responses, including the possibility of sanctions against BlackRock if the transaction is perceived as being under U.S. pressure [2][3]. Group 3: Strategic Responses - State-owned enterprises like COSCO Shipping have expressed their commitment to monitoring global strategic ports and are accelerating investments in key locations such as Greece's Piraeus Port and Peru's Chancay Port [2]. - The Chinese Ministry of Commerce is revising the Foreign Investment Law to impose stricter scrutiny on the transfer of overseas assets in critical infrastructure sectors, specifically targeting ports and energy [2]. Group 4: Future Scenarios - If the transaction proceeds, Cheung Kong may face scrutiny and sanctions from the Chinese government, potentially impacting its domestic operations across various sectors [5]. - Alternatively, if the transaction is terminated, Li Ka-shing could mitigate losses and potentially restore trust with the Chinese government, positioning himself as a patriotic businessman [6]. - The outcome of this situation is not just a business decision but also a matter of historical significance for Li Ka-shing, as it could define his legacy in the context of national interests versus capital pursuits [6].

Core Viewpoint - KuaYue Express is redefining high-end logistics service standards through its unique strategic layout and innovative capabilities, emphasizing a competitive stance of "having what others have, and being stronger in what others do not" [1] Group 1: Time Barriers - KuaYue Express has established a "limited-time express" service since its inception in 2007, creating four major air hubs that connect key economic regions, achieving "door-to-door delivery in as fast as 8 hours" across provinces [2] - The company's unique "dynamic routing" system utilizes big data and AI to optimize transport paths in real-time, saving 20% in space resources and enhancing cargo capacity by 30%, thus meeting B-end clients' demands for timeliness and stability [2] - In contrast, JD Logistics, while strong in warehousing and last-mile delivery, relies on external partnerships for trunk line timeliness and lacks the technical depth of KuaYue's "dynamic routing" [2] Group 2: Technological Foundation - KuaYue Express is defined as a "technology logistics company" by its founder, with significant investments in technology, including a "digital system" covering the entire logistics process, developed with an investment of several billion yuan in 2019 [4] - The company employs over 300,000 cameras and AI video monitoring for full visibility of goods throughout the logistics process, surpassing traditional logistics firms' information levels and complementing JD Logistics' strengths in supply chain forecasting and warehouse management [4] Group 3: B-end Services - KuaYue Express focuses on the enterprise market, providing customized solutions for high-demand industries such as 3C electronics, pharmaceuticals, and fresh produce, achieving a customer repurchase rate and satisfaction that have led the industry for three consecutive years [6] - The company reported a "less-than-truckload revenue of 18.47 billion yuan, with a compound growth rate exceeding 30%", demonstrating its strong influence in the B-end market [6] - JD Logistics, despite strengthening its express business through the acquisition of Debang, still primarily focuses on C-end e-commerce and integrated supply chain services [6] Group 4: Synergistic Effects - By 2025, the integration of strengths between KuaYue Express and JD Logistics will enter a new phase, with KuaYue gaining access to JD's warehousing network, last-mile delivery, and international business support [8] - The combination of JD's global "2-3 day delivery" time frame with KuaYue's air network will jointly expand the cross-border logistics market, while KuaYue's trunk resources will optimize JD's supply chain costs [9] - This "1+1>2" synergy allows KuaYue to maintain its core advantages in technology and timeliness while benefiting from JD's ecosystem, creating a comprehensive service system that is difficult for competitors to replicate [9] Group 5: Future Layout - KuaYue Express is advancing its W5000 large unmanned cargo aircraft project in collaboration with White Whale Airlines, aiming to extend its air network and expand its service range from domestic to Southeast Asia, the Middle East, and Europe [11] - Unlike traditional logistics companies that focus on single areas, KuaYue is leveraging a "unmanned + globalization" dual-engine strategy to continuously broaden its competitive boundaries [11] - In a critical period where the logistics industry shifts from scale competition to quality competition, KuaYue Express is building comprehensive logistics capabilities covering all scenarios and links, solidifying its leadership position in the high-end market [11]

猪猪侠、三丽鸥、高达、黄油小熊……各类IP满满当当塞满了三层楼，更有小笼包娃娃、蝴蝶酥娃娃吸 引了大量年轻用户排队。 21世纪经济报道记者 陶力 实习生林耀康 上海报道 老牌的上海南京路步行街，在上周末迎来了新的玩家。TOP TOY的这家全球旗舰店一共700平方米，门 口的巨型招财猫迎接着南来北往的年轻人。整个店铺的设计，看上去像一个巨大的游戏机，楼上还有互 动区和咖啡区。 潮玩IP挺进南京路，并不是新鲜事。走在这条路上，随处可见拎着潮玩手袋的人。早先，泡泡玛特已经 开出近500平方米的全球旗舰店，MINISOLAND也开出了全球壹号店。 逻辑并不难理解。多年以来，南京路步行街都是全国各地商圈中当之无愧的"流量王"。据统计，每年有 2亿人次消费者到访南京路。但南京路步行街的客单价不高，品牌相对老化也是事实，且客群以外来游 客为主。 潮玩IP无疑是一个很好的情感寄托，也给到了更多消费的冲动。"我们是更年轻的品牌，更代表未来。 安踏、波司登可能会做一个很豪华的店，但我们带来了最好的创意以及最年轻的消费者！"近日，TOP TOY创始人兼CEO孙元文在接受21世纪经济报道记者采访时透露，这家门店年租金高达1300万元 ...

本报记者 李豪悦 3月27日，港股上市公司中手游公布2024年度业绩报告。报告显示，截至2024年12月31日，公司年度收入为19.3亿元，经调 整净亏损为20.8亿元，毛利率达31.2%。 财报显示，公司亏损的主要原因为，多款项目特别是自研核心游戏《仙剑世界》延期上线，其上线后表现亦未达预期。此 外，中手游计提较大的商誉减值和投资减值以及其他非经营性开支，这对2024年财务业绩造成了较大压力。 尽管面临行业竞争加剧及部分项目延期等多重挑战，中手游通过战略调整、成本控制及全球化布局，为全面利润回收期奠 定基础。 腾讯官方数据显示，小游戏的付费用户和传统手游市场的付费用户重合度只有35%。业内人士预计小游戏将成为中手游 2025年全新业务增长点。 中手游方面向《证券日报》记者介绍，展望2025年，公司明确执行"业务聚焦+成本控制"的发展策略，从深耕海外市场、 发力传奇品类游戏和创新小游戏研发、聚焦精品IP游戏、优化自主研发团队四个方面出发，将确定性业务做精做深。 加速全球化 角逐国内小游戏头部发行商 财报显示，2024年中手游中国内地营收16.6亿元，中国港澳台及海外营收2.7亿元。其中，中国港澳台及海外收入占 ...

Group 1: New Product Launches - Heytea launched a limited-time product "Snowy Yak Milk Tea" nationwide, inspired by Tibetan sweet tea, combining yak milk with red tea and barley [1] - The product was first introduced in Tibet in September 2024 and quickly gained popularity, with significant sales during the National Day holiday [1] - Following consumer demand, Heytea collaborated with a high-end lifestyle brand to host tea events in multiple cities, expanding the product's reach [1] Group 2: Tea Industry Overview - The China Tea Circulation Association reported that the total scale of the tea industry chain in China has reached approximately 1.1 trillion yuan [2] - Green tea production is projected to grow by 6.53% in 2024, maintaining its leading position, followed by black tea and oolong tea [2] Group 3: Financial Performance of Companies - Nayuki Tea reported a net loss of 919 million yuan for 2024, with revenue declining by 4.7% to 4.921 billion yuan [3] - The company's adjusted net profit shifted from a profit of 20.9 million yuan in 2023 to a loss in 2024, with cash flow from operating activities dropping by 75.7% [3] - Despite challenges, Nayuki Tea plans to focus on a green health strategy to enhance brand strength and consumer recognition in 2025 [3] Group 4: Coffee Industry Developments - Brazil's coffee production has been significantly affected by adverse weather, leading to a 26% average reduction in yield in the Serra do Sul region [5] - Coffee prices in Brazil have surged by nearly 40% year-on-year due to reduced production, with ground coffee prices increasing by 50.35% over the past year [5] - The global coffee price has risen by 38.8% in 2024, impacting the collaboration model between international buyers and Brazilian coffee exporters [6] Group 5: Coffee Quality and Export Growth - Yunnan coffee's specialty rate has increased from 8% in 2021 to 31.6% in 2024, reflecting improvements in cultivation and processing [8][9] - Yunnan coffee exports reached 32,500 tons in 2024, a 358% increase year-on-year, primarily to Germany, the Netherlands, and the USA [9] - Starbucks announced that every cup of its classic espresso in mainland China contains Yunnan coffee beans, highlighting the quality and stability of Yunnan coffee [9]