21世纪经济报道记者 杨希 北京报道 3月26日，渤海银行股份有限公司（下称"渤海银行"）公布2024年度业绩。截至报告期末，渤海银行资 产总额18,438.42亿元，同比增长6.41%，负债总额17,337.17亿元，同比增长7.13%；全年营业收入254.82 亿元，较上年增长1.94%，净利润52.56亿元，增长3.44%，实现营收与净利"双升"。 渤海银行党委书记、董事长王锦虹表示，2025年渤海银行将继续加强党的全面领导，强化党建与业务深 度融合，深耕"九大银行"转型，以特色化转型促进差异化经营；做深做实客户、产品、清收、人才、分 行"五个工厂"路径，推动经营发展行稳致远；深化"三项制度"改革，重塑组织架构，强化考核导向，优 化薪酬分配；发挥"一个核心区域"服务天津示范作用，为全行服务实体经济打出样板。 渤海银行党委副书记、行长屈宏志表示，2025年渤海银行将坚定践行金融服务实体经济的根本宗旨，持 续做深做实"五篇大文章"，坚持盘活存量、做优增量、提升质量，夯实客户基础，创新产品服务，升级 展业模式，紧跟政策导向、行业趋势，迭代经营理念、管理方法，持续推进转型发展，质焕新生，在渤 海银行高质量发展新 ...

此外，泡泡玛特在海外市场线上渠道的表现同样不俗。全年海外线上营收14.6亿元，同比增长834%。其中，海外官网收入占比最高，营收5.3亿元，同比 增长1246.2%；Shopee聚焦东南亚多个国家，营收3.2亿元，同比增长656.0%；TikTok平台渠道增速最快，营收2.6亿元，同比增长5779.8%。 3月26日，潮玩巨头泡泡玛特（POP MART）交出了一份令行业震惊的财报：海外营收同比暴增375.2%，达50.7亿元，占总营收近四成。不仅刷新了中国 潮玩品牌出海的历史纪录，更标志着中国IP从"制造输出"迈向"文化定义"的关键转折。同一天，名创优品旗下潮玩品牌TOP TOY高调宣布启动全球化战 略，计划未来五年在全球开设超1000家门店，海外销售占比目标突破50%。 泡泡玛特的海外狂飙，几乎重构了市场对潮玩产业的想象。财报显示，其海外业务已覆盖近百个国家及地区，东南亚市场以24亿元营收、619%的增速成 为最大引擎，北美、欧洲等成熟市场的增长率也超过300%。 这一成绩的背后，是泡泡玛特对国际化战略的坚定执行和对本土市场的深度洞察。在曼谷MEGA BANGNA开设全球首家Labubu主题店，将泰国传统艺 ...

本报记者 陈婷 赵毅 深圳报道 公告显示，2024年，华润置地以总地价775.8亿元增持了29宗土地。截至2024年年末，公司物业开发土 地储备面积为4390万平方米，权益面积为3054万平方米。其中，中西部大区土储最大，总建筑面积约 1377.56万平方米，权益建筑面积约1065.5万平方米。华润置地管理层表示，土储的规模和结构能够满足 公司持续高质量发展的需求。 报告期内，华润置地开发销售型业务收入为2371.5亿元，同比增长11.8%，实现签约额2611亿元，签约 面积1134万平方米，同比下降13.3%。分区域来看，华东大区签约额最高，约734.44亿元，占比28.1%， 其次为中西部大区，约623.02亿元，占比23.9%。2024年，华润置地开发物业结算收入2371.5亿元，同 比增长11.8%，结算面积1065万平方米，同比下降10%。 截至2024年年末，华润置地锁定已签未结算开发物业收入2319.7亿元，有待陆续结算。其中，根据施工 及交付计划，预计1934.7亿元将于2025年结算。 值得注意的是，华润置地开发销售型业务毛利率在2024年下滑至16.8%，已较2020年的29.1%大幅缩 ...

Core Viewpoint - New Oriental Holdings plans to privatize New Oriental Energy through its wholly-owned subsidiary, New Energy Hong Kong, offering a combination of share exchange and cash payment to shareholders [1][2] Group 1: Transaction Details - The proposed transaction involves a total of 743 million shares, with shareholders receiving 2.9427 new H-shares and HKD 24.50 in cash per share [1] - The estimated total amount involved in the transaction is approximately HKD 595.19 billion, assuming all stock options are not exercised [1] - If all stock options are exercised, the total amount involved would be approximately HKD 599.24 billion [2] Group 2: Share Structure and Control - Post-transaction, New Oriental Holdings will issue up to 2.188 billion H-shares, increasing total shares from 3.097 billion to 5.285 billion, representing 41.58% of the total post-transaction share capital [2] - Wang Yushuo and his concerted parties will hold 2.243 billion shares, reducing their ownership from 72.44% to 42.32%, while still remaining the controlling party [2] Group 3: Financial Performance - New Oriental Holdings reported a revenue of HKD 135.84 billion for 2024, a decrease of 5.5% year-on-year, with a net profit of HKD 4.49 billion, down 36.6% [2] - New Oriental Energy's revenue for 2024 was HKD 109.85 billion, with a net profit of HKD 5.99 billion; post-transaction, New Oriental Holdings' net profit could increase to HKD 8.14 billion [3] - The transaction will be financed entirely through bank loans, leading to an expected increase in the debt-to-asset ratio to 67% [3]

Core Insights - The financial performance of Pop Mart in 2024 shows remarkable growth, with revenue surpassing 10 billion yuan for the first time, indicating a strong upward trend in both online and offline sales, as well as explosive growth in overseas markets [1][2] - The company's stock price surged following the earnings report, reaching a historical high with a market capitalization exceeding 200 billion HKD [1] Revenue Performance - In 2024, Pop Mart achieved a revenue of 13.04 billion yuan, representing a year-on-year growth of 106.9%, with adjusted net profit increasing by 185.9% to 3.4 billion yuan [1] - Revenue from mainland China was 7.97 billion yuan, up 52.3%, while overseas and Hong Kong, Macau, and Taiwan revenue reached 5.07 billion yuan, marking a staggering growth of 375.2% [1] Overseas Market Expansion - The Southeast Asian market showed the best performance with revenue of 2.4 billion yuan, growing by 619.1%, accounting for 47.4% of overseas revenue [2] - The company opened 50 new overseas stores in 2024, bringing the total to 130, with a focus on core business districts and iconic landmarks [2] Online Sales Growth - Online sales channels, particularly through platforms like Shopee and TikTok, significantly boosted revenue, with Shopee's revenue increasing by 656% to 320 million yuan and TikTok's revenue skyrocketing by 5779.8% to 260 million yuan [3] - Overall, overseas online revenue increased nearly tenfold [3] Future Outlook - The CEO anticipates over 50% growth in 2025 compared to 2024, with overseas and Hong Kong, Macau, and Taiwan business expected to see over 100% growth [4] - In mainland China, the company plans to continue expanding its offline presence, with 38 new stores added in 2024, bringing the total to 401 [4] IP and Product Innovation - In 2024, 13 IPs generated over 100 million yuan in revenue, with THE MONSTERS surpassing 3 billion yuan [5][6] - The revenue share from blind box products decreased to 53.2%, while plush products saw a remarkable growth of 1289%, accounting for 21.7% of total revenue [6] - The company plans to introduce more plush products and collaborate with artists for new offerings in 2025 [6]

Core Viewpoint - The rapid expansion of Leap Motor in the competitive electric vehicle market has led to significant product quality issues and a collective complaint from users, highlighting the need for better quality control and customer service [1][5]. Group 1: Product Quality Issues - Leap Motor has faced a wave of complaints regarding product defects, including issues with driving stability, lane-keeping functionality, and the automatic parking system, which has been reported as unusable in most parking spaces [2][4]. - Users have reported discrepancies in battery range, with some claiming a reduction of up to 30%, and issues with the vehicle's hardware not supporting software updates that were promised at the time of purchase [2][3]. - The company has been criticized for its handling of complaints, with responses being largely procedural and failing to address core user concerns such as system updates and free access to smart driving services [4][5]. Group 2: User Response and Company Actions - Over 100 users have participated in collective complaints, indicating a significant increase in dissatisfaction, with the number of participants growing more than fivefold since the initial complaints began [2][4]. - The company's response to the complaints has been inadequate, with a lack of substantial engagement on critical issues raised by users, leading to an escalation of the situation [4][5]. - The case of Leap Motor serves as a reminder that rapid market growth should not come at the expense of product quality and customer service, as neglecting these areas can severely damage brand reputation and user trust [5].

新浪科技讯 3月27日下午消息，昨日，泡泡玛特国际集团发布2024全年财报。财报显示，2024年泡泡玛 特实现营收130.4亿元，同比增长106.9%，经调整净利润34.0亿元，同比增长185.9%。中国内地营收79.7 亿元，同比增长52.3%；海外及港澳台业务营收50.7亿元，同比增长375.2%，收入占比达38.9%。 在媒体沟通会上，泡泡玛特董事长兼CEO王宁谈及过去一年海外业务取得了爆发式的增长，"我们预计 今年海外还会有比较快速的增长，（占比）大概率会超过50%。"并提到，"泡泡玛特在欧洲市场增长也 很快，前段时间我们在西班牙巴塞罗纳开了一个店，很多人要排六个小时才进到门店，而且全是当地人 在排队，他们会一起唱《LABUBU之歌》，现在LABUBU在很多国家都有非常强的粉丝的基础，我觉 得LABUBU会成为真正意义上从国内走出来的世界级IP。" 对于LABUBU等产品售罄补货的问题，泡泡玛特首席运营官司德表示，"我们认为产品售罄补货一方面 代表市场需求足够大，但另一方面也意味着超额的需求量远超供应链的提升速度，我们会尽快调整供应 链，加大产能，把整个生产流程调整到最舒服的状态，过去一年的时间，整个 ...

Core Viewpoint - China Cinda Asset Management Co., Ltd. reported a total asset scale of 1.64 trillion yuan for the year 2024, reflecting a year-on-year growth of 2.8% and a net profit attributable to shareholders of 3.036 billion yuan [1] Group 1: Financial Performance - As of the end of 2024, the equity attributable to shareholders reached 194.183 billion yuan, an increase of 0.7% year-on-year [1] - The core tier one capital adequacy ratio, tier one capital adequacy ratio, and total capital adequacy ratio were 11.07%, 15.63%, and 16.75% respectively, meeting regulatory requirements while maintaining a reasonable safety margin [1] Group 2: Strategic Focus - The company focused on supporting major strategies and key areas, enhancing financial service supply to assist high-quality development of the real economy [1] - Significant financial support was directed towards initiatives such as the coordinated development of the Beijing-Tianjin-Hebei region, the Yangtze River Economic Belt, and the Guangdong-Hong Kong-Macau Greater Bay Area [1] Group 3: Support for Private Economy - China Cinda established specific measures to promote the healthy development of the private economy, resulting in new cooperation with Fortune 500 private enterprises exceeding 16 billion yuan, a year-on-year increase of 43% [2] - The company actively engaged in bankruptcy restructuring, participating in seven projects with a total amount of 1.7 billion yuan, aiding companies like Xinhua Group and Zhengbang Technology in their restructuring efforts [2] Group 4: Financial Innovations - In the realm of technology finance, China Cinda executed 31 projects with an investment of approximately 10 billion yuan, supporting the development of new productive forces [3] - The company invested over 8.1 billion yuan in inclusive finance, focusing on the financial needs of private, small, and micro enterprises, leveraging the competitive advantages of its financial subsidiaries [3]

消息面上，联邦制药近日宣布其全资附属公司联邦生物科技已与诺和诺德（Novo Nordisk）签订独家许 可协议。诺和诺德将获得UBT251的全球（不包括中国大陆、香港、澳门和中国台湾地区 ）的开发、生 产和商业化权益。联邦生物将保留UBT251的中国权益。根据协议，联邦生物将获得2亿美元首付款和最 高18亿美元的潜在里程碑付款，以及可收取基于海外地区年度净销售额的分层销售提成。据悉， UBT251是一款GLP-1/GIP/GCG三靶点受体激动剂，当前处于早期临床开发阶段，用于治疗肥胖、2型糖 尿病及其他疾病。 智通财经APP获悉，联邦制药(03933)涨超10%，截至发稿，涨10.53%，报15.32港元，成交额4.5亿港 元。 联邦制药2024年实现收入约137.59亿元，同比增长0.1%；公司拥有人应占本年度溢利约26.6亿元，同比 减少1.5%。拟派末期股息每股28分及特别股息每股12分。中泰国际指，由于预计中间体、原料药、抗 生素板块的销售短期承压，该行将2025-26E的货品销售收入预测分别下调8.9%、12.3%，但预计2025年 将从诺和诺德获2亿美元首付款，后续还将有里程碑付款。因此最终202 ...

Group 1: Company Performance - 瑞浦兰钧 reported a revenue of 17.79 billion yuan, a year-on-year increase of 29.4%, but still incurred a net loss of 1.16 billion yuan, which is a reduction of approximately 20% compared to the previous year's loss of 1.47 billion yuan [1] - This marks the sixth consecutive year of losses for 瑞浦兰钧, with a cumulative loss amounting to 3.8 billion yuan [1] - In contrast, 中创新航 reported a revenue of 27.75 billion yuan, with a year-on-year growth of 2.8%, and achieved a net profit of 590 million yuan, reflecting a 101% increase [4] Group 2: Market Position and Competitors - In the domestic power battery market, 中创新航 ranked third, while 瑞浦兰钧 and 正力新能 ranked eighth and ninth respectively, with 孚能科技 in twelfth place [6] - In the global energy storage battery market, 中创新航 and 瑞浦兰钧 ranked fifth and sixth respectively [7] - 瑞浦兰钧's battery sales reached 43.7 GWh, a year-on-year increase of 124%, but its gross margin was only 4.1%, significantly lower than 中创新航's 15.9% and 正力新能's 14.6% [7][8] Group 3: Financial Strategies and Cost Management - 瑞浦兰钧's gross margin for its power battery business turned positive last year, increasing from -2.6% to 2.5% [8] - The company implemented various cost-cutting measures, resulting in a 20% reduction in R&D expenses to 770 million yuan, primarily by focusing on high-value projects and reducing new experimental production lines [8] - The company is also expanding its overseas production capacity, with plans to establish a battery factory in Indonesia with an expected annual output of 8 GWh [9][10]