智通财经6月11日电，港股泡泡玛特午后涨超4%，股价续创历史新高，成交额超33亿港元。 ...

Core Viewpoint - Gansu Bank has announced the transfer of a non-performing loan involving Gansu Traveler Car Rental Company, which has been overdue for 3,182 days, indicating a long-standing dispute and significant financial distress for the bank [1][3]. Group 1: Loan Transfer Details - The total amount of unpaid principal and interest for the loan is 45.51 million, with the principal at 16.5 million and interest at 29.01 million, nearly double the principal amount [1][3]. - Gansu Bank has classified this loan as a loss asset, meaning all possible recovery measures have been exhausted, and the initial transfer price is set at 3.7 million, less than 10% of the total unpaid amount [1][3]. Group 2: Historical Context - Gansu Bank has been pursuing debt recovery since July 2019, involving legal actions against the borrower, which has faced multiple financial restrictions and legal challenges [1][3]. - The bank has already written off four loans related to this case, indicating a significant acknowledgment of losses [3]. Group 3: Broader Asset Quality Issues - The transfer of this non-performing loan is part of a larger trend, as Gansu Bank has been frequently disposing of bad debts at a loss to manage total risk, with 6.7 billion in non-performing loans transferred in the first ten months of 2024 [5]. - The bank's non-performing loan ratio was reported at 2.0% in 2022 and 2023, slightly improving to 1.93% in 2024, but it remains the highest among comparable listed city commercial banks [6][9]. Group 4: Financial Performance - Gansu Bank's financial performance has deteriorated, with a net interest margin dropping to a historical low of 1.18% and a 10.7% decline in operating income year-on-year for 2024 [10][11]. - The bank has not issued dividends for six consecutive years, reflecting a cautious approach to capital distribution amid ongoing financial challenges [10][11]. Group 5: Management and Future Outlook - The current management team, led by Chairman Liu Qing and President Wang Xizhen, has been in place for several years, and there is an urgent need for improved risk management and operational strategies to enhance performance and restore investor confidence [11].

港股手游股午后拉升，哔哩哔哩(09626.HK)涨超10%，网龙(00777.HK)涨超4%，心动公司(02400.HK)、 网易(09999.HK)均涨超2.5%。 ...

既有稳健基本面，同时后续增长可见度高，由此看养殖类公司十分值得重视。就拿这其中颇具代表性的德康农牧（02419）来说，公司长期 深耕于生猪及黄羽鸡养殖领域，2024年德康农牧的核心财务数据划出了陡峭的曲线，营收同比大增39%至225亿元，净利润更是成功转正并 超42亿元。 对于二级市场投资者而言，上市公司的财报向来是遴选投资标的的关键依据之一。恰值6月中旬，财报季已然翻篇。梳理过去几个月里上市 公司密集披露的"成绩单"，养殖业算是为数不多景气度向好的板块之一。不仅如此，结合消息面看，养殖业的预期似乎正更趋乐观。以生 猪养殖为例，据市场消息，近期有关部门组织会议，意在引导减少行业投机行为、稳定远期生猪价格。 | | 2024年 | 2023年 | | --- | --- | --- | | | 人民幣千元 | 人民幣千元 | | 收入 | 22,463,038 | 16,155,412 | | 除税前利潤/(虧損) | 4,201,795 | (1,991,781) | | 所得税 | (88) | (355) | | 年内利潤／(虧損)及全面收益總額 | 4,201,707 | (1,992,136) | 行 ...

Group 1 - The competitive logic of the 618 shopping festival is undergoing a structural transformation, with traditional e-commerce facing challenges from "lowest prices" and "billion subsidies," leading to a rational return of consumers and a trend towards fragmented traffic [1] - The shift towards instant retail not only shortens order cycles and reduces return rates but also points to a growing market in instant consumption scenarios, extending from dining to supermarkets, electronics, and beauty products, with a projected market size exceeding 2 trillion yuan by 2025, where non-food categories will account for over 60% [1] - The emergence of a new competitive dimension in retail ecology emphasizes the advantages of third-party delivery services that can deeply integrate with brands and platforms, as exemplified by SF Express's collaboration with over 7,500 new KA stores in 2024, providing one-stop delivery solutions [1] Group 2 - SF Express serves as a flexible delivery partner for platforms like Douyin and WeChat, while also supplementing capacity for major platforms like Meituan and Ele.me during peak periods, supporting diverse scenarios such as live streaming and private domain e-commerce [2] - During the 618 shopping festival, SF Express not only provides instant delivery services but also integrates into various logistics stages, addressing the mismatch between traditional logistics capacity and order growth during peak times, achieving faster delivery through methods like "warehouse-to-delivery" [2] - The company utilizes big data forecasting and AI scheduling technology to create differentiated and refined capacity plans across the country, ensuring dynamic adjustments in high-demand areas such as core business districts and large communities [2]

格隆汇6月11日丨鹰美(02368.HK)公布年度业绩，截至2025年3月31日止年度，营业收入上升18.0%至 48.079亿港元；与去年度比较，年度的毛利率由18.4%下跌至16.1%，而公司拥有人应占净利率则由6.5% 下跌至4.5%。公司拥有人应占年度溢利为2.172亿港元，较去年度下跌17.6%。董事会建议派发年度末期 股息每股普通股4港仙。 于2025年3月31日，集团拥有共十个生产基地，策略性地分布於中国大陆(包括广东省、江西省及湖北 省)及东南亚(包括越南及印尼)。集团位于中国大陆的生产基地已发展成熟，能提供足够稳定产能应付内 销需求。其中一间中国大陆生产基地更是集团主要开发中心，对外为客户提供产品设计服务，着力发展 生产高端产品；对内持续开发及优化生产技术以简化工序及推行自动化生产，从而减少劳工需求以达致 节省成本同时缓和劳动力不足的问题。鉴於贸易谈判以及对中国大陆生产销往欧美市场的产品开徵关税 的不确定性，集团近年集中积极发展海外生产基地。印尼万隆厂新收购毗邻的土地预期2026年开始投 产。越南鹰美厂年内已正式投产，不单增加集团产能，更成为集团另一开发中心，为集团提供开发样辨 功能，提升集 ...

投资建议：公司作为领先的一体化房产交易服务平台，房产经纪优势明显，止跌回稳政策导向下规模发 展存在支撑，家装家居快速突破，房屋租赁及贝好家能力构建、未来可期，重视股东回报，预计公司 2025-2027 年EPS 分别为1.58 元、1.83 元、2.11 元，当前股价对应PE 分别为28.7 倍、24.8 倍、21.5 倍， 首次覆盖给予"推荐"评级。 风险提示：1）楼市修复低于预期风险：若购房需求释放有限，二手房景气度下滑，新房受新增优质供 应不足、二手房分流影响修复缓慢，将对公司房产经纪业务交易量、收入等产生负面影响；2）佣金费 率下行风险：若房产经纪竞争加剧，行业格局恶化，可能导致二手经纪佣金率持续调整、新房分销佣金 率高位回落风险；3）三翼业务发展不及预期风险：家装家居规模发展受限、省心租盈利困难、贝好家 模式验证时长超出预期风险。 领先的线上线下一体化房产交易服务平台。贝壳2001 年通过北京链家开始经营业务，2018 年推出线上 线下一体化平台，2020 年纽交所上市，2022年返港完成两地上市。公司确立"一体三翼"战略方向，以 房产经纪为主体（含存量房交易、新房交易），同步驱动整装、惠居、贝好家 ...

目标集团的主要资产为该等物业。该等物业包括位于中国浙江省新田铺田园康养中心的一间酒店、一幢 平房及公寓。该等物业的总建筑面积约为24100平方米。酒店及平房分类为投资物业，而公寓则分类为 可出售物业。 公告称，为配合集团的策略，并考虑到(i)由于市场产能过剩、监管环境不明朗及地缘政治局势紧张，建 筑行业一直面临不利因素;(ii)近年来，目标集团所持投资物业的公平值持续减少，由2023年12月31日约 2.22亿港元减少至出售事项日期约2.06亿港元且预期将因上述因素而进一步减少;及(iii)公司可确认出售 事项收益，董事会认为出售事项为变现目标集团及该等物业的价值、减少集团对目标集团的进一步财务 承担以及重新配置集团的资源及专注于新能源及EPC业务的良机，新能源及EPC业务乃董事会认定的未 来发展方向。 智通财经APP讯，中环新能源(01735)发布公告，于2024年11月30日，公司与买方Charming Brand Development Limited订立出售协议，据此，公司同意出售而买方同意购买销售股份(即目标公司全部已 发行股本)，代价为1.15亿港元。 目标公司Central Property G ...

陈白丨文 谁也没想到，王宁和他创立的泡泡玛特（09992.HK），能有今天这样的成绩。 继6月8日以203亿美元身家超越牧原股份的秦英林，登顶"河南新首富"之后，王宁6月9日的财富排名再度攀升。 上，泡泡玛特以 600万—700 万美元的销售额成了美区 4 月销量榜首，连泡泡玛特官方 APP都直接登顶了美区苹果商店的购物榜首。一场 APP 里的直播，可 以同时吸引到 12 万人在线抢货。 LABUBU是什么可能并不那么重要。真正重要的问题是，在这些吸引年轻人的玩具背后，到底是什么样的商业机制在发挥作用。 当一个售价几十元的盲盒能让人反复购买，甚至引发抢购狂潮；当一个塑料小人能在社交平台上成为身份象征；当一个IP形象能激发粉丝的情感共鸣并形成 忠实社群，今天的年轻人们，到底在消费什么？ 趋势已经非常明显了——情绪价值正在成为真正意义上的硬核消费。成长于物质相对富足的年代Z世代，他们对商品的功能性需求已趋于饱和，转而更加关 注品牌背后的意义、审美体验以及是否符合自我认同。这一代人早已不再单纯为"功能"买单。 泡泡玛特抓住了这样的机会。这家公司真正意义上的护城河，就在于其对IP价值的深度挖掘与情感绑定。它通过盲盒机 ...

蔚来汽车(09866.HK)：携手供应链体系，持续贯彻60天以内的支付账期。 订阅新能源汽车动态 +订阅 ...