Group 1 - The core viewpoint of the report maintains the EPS forecast for 361 Degrees at 0.64/0.72 HKD for 2025/26, with a target price of 5.62 HKD, corresponding to 8 times the 2025 P/E ratio [1] - The main brand's offline retail sales grew by 10-15% year-on-year in Q1 2025, while the children's clothing line also saw a similar growth rate [2] - The company's e-commerce platform retail sales increased by 35-40% year-on-year in Q1 2025, compared to a 20-25% growth in Q1 2024 [3] Group 2 - The company is actively exploring new channel forms, focusing on improving terminal store operational efficiency and expanding super stores of 800 square meters or more [2] - The company maintains a healthy discount level of approximately 30% for offline retail, which is consistent with the previous year [2] - The company has 1,365 overseas retail points, primarily in Europe, North America, Southeast Asia, and Belt and Road regions, with a low contribution to overall revenue [4] Group 3 - The company emphasizes differentiated operations between online and offline channels, leveraging the advantages of exclusive products, with 84% of sales in 2024 expected to come from exclusive items [3] - The management plans to focus on developing markets in Southeast Asia and Belt and Road regions, which align closely with Chinese cultural and aesthetic values [4]

4月14日，国新办举行一季度有关经济数据例行新闻发布会。海关总署新闻发言人、统计分析司司 长吕大良表示，我国与东盟共同致力于区域经济一体化发展，双方的产业链联系紧密，带动了上下游产 品的进出口快速增长。一季度，制造业产品占我国与东盟贸易的比重达到90.1%，其中，我国对东盟出 口平板显示模组、汽车零配件、锂电池增速都超过2成；我国自东盟进口自动数据处理设备的零部件、 印刷电路、纺织原料等保持增长。 崔东树：3月中国乘用车市场新能源成为核心增长主力 国内新闻 海关总署：一季度我国对东盟出口平板显示模组、汽车零配件、锂电池增速都超过2成 澳门或增设网约出租车 4月14日，中国汽车流通协会乘用车市场信息联席分会秘书长崔东树发文称，近期国内外市场环境 变化剧烈，美国化石能源得到强力恢复，绿色环保政策受到质疑，因此中国成为新能源的核心领导者。 2025年3月的中国乘用车市场春节后恢复较强，但燃油车市场走势较弱，新能源成为核心增长主力。另 外，3月全国汽车市场走势分化，呈现乘强商弱的走势。 据大湾区之声报道，澳门特区行政长官岑浩辉4月14日在立法会发表《2025年财政年度施政报 告》。岑浩辉表示，澳门特区政府将探讨增设网 ...

Group 1 - Lenovo Group will hold the 2025 Lenovo Innovation Technology Conference (Tech World) on May 7 at the Shanghai World Expo Center [1]

文 | 新浪科技 张俊 曾经因暴力催收被调查的51信用卡，近年来一直在推进业务转型，试图自救。 51信用卡创始人孙海涛将重心放在了造车业务上，推出了房车Vala。他曾豪言"想让Vala成为汽车行业的 iPhone"。但是由于定位小众，以及外观设计被吐槽，Vala的销量并不理想——数据显示，今年第一季 度，其仅交付Vala汽车99辆，约每天卖出一辆。 虽然采用轻资产模式，但造车还是让51信用卡的财务数据急剧恶化。2024年该公司净亏损为6901.8万 元，同比扩大2092.4%。51信用卡还计划把上市公司名称改为Vala，但目前来看，汽车业务难以承载它 的转型希望。 在2024年3月，51信用卡创始人孙海涛正式对外公布了新能源多功能车Vala，成为又一个造车新势力。 与其他造车新势力相似，51信用卡也为Vala找到了一个具备造车资质的主机厂。不同的是，Vala将产品 定位在了多功能车上，相当于MPV和房车的结合，对外喊出了"重新定义汽车生活方式"的口号。据孙 海涛介绍，Vala的大小相当于一辆轻型MPV，可以自由通行于城市和小区车库；另外其内部暗藏了升顶 结构，升顶之后的空间感相当于房车。 2024年4月，Va ...

智通财经APP讯，君圣泰医药-B(02511)公布，公司自主研发的肠肝抗炎及代谢调节剂熊去氧胆小檗硷 (HTD1801)在中国2型糖尿病(T2DM)患者中开展的两项3期临床试验(SYMPHONY 1和SYMPHONY 2)达 成主要疗效终点及多个次要疗效终点。 在两项研究中，治疗24周后，HTD1801治疗组中达到HbA1c<7.0%的患者比例显着高于安慰剂组。与安 慰剂相比，HTD1801可同时显著降低餐后血糖及空腹血糖。此外，HTD1801展现出糖脂同降能力，可 显着降低低密度脂蛋白胆固醇 (LDL-C)、非高密度脂蛋白胆固醇(non-HDL-C)。另外，HTD1801治疗能 够降低与心血管事件及T2DM患者临床结局密切相关的炎症标记物γ-谷氨酰转移酶(GGT) 和超敏C反应 蛋白(hs-CRP)。 这两项3期临床试验结果充分证明了HTD1801一药多效、为T2DM患者提供综合获益的特性。基于此次 发布的积极的临床试验数据，君圣泰医药计划于今年内向国家药品监督管理局(NMPA)药品审评中心 (CDE)递交HTD1801治疗T2DM适应症的新药上市申请(NDA)。 两项研究中，HTD1801皆表现出良好的安 ...

Group 1 - Hefei City Housing Provident Fund Management Committee has announced a policy to support the use of housing provident funds for purchasing affordable housing, reducing the down payment ratio to 15% and adjusting the repayment capacity coefficient from 0.5 to 0.6 [1] - Chengdu has implemented interim measures for the management of affordable housing, establishing a closed management system to prevent the conversion of affordable housing into commercial housing, which may shift some demand from the commercial housing market [2] - China Resources Land has issued 2 billion yuan of medium-term notes with a low interest rate of 2.20%, indicating a relative advantage in financing for state-owned enterprises compared to private firms [3] Group 2 - The meeting for the bondholders of Zhengrong Real Estate has been postponed, reflecting ongoing disagreements regarding repayment conditions and potentially increasing market concerns about the efficiency of debt restructuring for real estate companies [4] - Poly Property has completed the conversion of 194 million domestic shares to H-shares, significantly increasing the liquidity in the secondary market and enhancing the company's capital structure, which may attract international capital [5][6]

Core Viewpoint - Jiangshun Technology (001400.SZ) has initiated its subscription with an issue price of 37.36 yuan per share and a price-to-earnings ratio of 15.32 times, focusing on the production and sales of aluminum profile extrusion molds and related equipment [1] Company Overview - Jiangshun Technology specializes in the research, design, production, and sales of aluminum profile extrusion molds and accessories, aluminum profile extrusion supporting equipment, and precision mechanical components [1] - The company's main products are critical components for downstream aluminum profile extrusion production, which has extensive applications in various fields such as construction decoration, transportation, new energy, automotive lightweighting, electronic information, and aerospace [1] Industry Insights - According to the National Bureau of Statistics, China's aluminum profile production has shown a steady increase from 45.55 million tons in 2018 to an estimated 67.83 million tons in 2024, indicating a growing industry scale [1] - The demand for aluminum profiles is being driven by trends such as "using aluminum instead of steel" and "using aluminum to save wood," particularly in emerging sectors like photovoltaics, rail transportation, and new energy vehicles [1] Partnerships - The company has established long-term and stable partnerships with well-known domestic aluminum profile manufacturers such as Huajian Aluminum, Dongliang Aluminum, and Xinpai Co., as well as international companies like WISPECO [2] Fundraising and Financial Projections - The company plans to invest the raised funds in several projects, including the expansion of precision molds for aluminum profiles (20.09 million yuan), the construction of aluminum extrusion equipment production lines (23.46 million yuan), and supplementing working capital (12.5 million yuan), totaling 56.05 million yuan [3] - Financial projections indicate that the company expects revenues of approximately 892 million yuan, 1.043 billion yuan, and 1.136 billion yuan for the years 2022, 2023, and 2024, respectively, with net profits of about 139 million yuan, 146 million yuan, and 155 million yuan [3] Financial Metrics - As of the end of 2023, the company's asset-liability ratio was reported at 56.75%, significantly higher than the industry average of 32.44% [4][5] - The company's overseas sales revenue as a percentage of total revenue has increased from 15.89% in 2022 to 25.43% in 2024, primarily settled in USD and EUR [5]

董事会已审视及探求不同途径清偿股东贷款及其他贷款(连同应计利息)，并认为发行新可换股债券是降 低集团每年产生的利息开支金额、提升集团的财务状况及削减集团的资本负债比率的最有效及合适的方 法，原因在于新可换股债券每年2%的较低利率，将可尽量减轻集团的短期财政负担因三年总共能节省 利息约191.25万港元;集团的净流动负债也将改善，因认购事项生效后股东贷款及其他贷款(连同应计利 息)将从流动负债重新分类为非流动负债;公司赎回新可转换债券的财务压力减少因为新可转换债券到期 时赎回折扣为2%;股东贷款及其他贷款的本金额(连同应计利息)将于新可换股债券换股权获悉数行使后 全数清偿，毋须公司任何现金流出;及发行新可换股债券将不会对公司股权造成即时摊薄影响。 新可换股债券附带换股权，可按新可换股债券换股价每股新可换股债券换股股份0.07港元(可予调整)转 换为约2.14亿股新可换股债券换股股份。现有债券持有人一根据认购协议应付的认购款项将透过抵销公 司应付予现有债券持有人一及╱或其联系人的股东贷款及其他贷款(预期于完成日期将为1500万港元)项 下的未偿还本金额及应计利息而偿付。 玮俊生物科技(00660)公布，于2025 ...

Group 1: Regulatory Developments - The National Medical Products Administration (NMPA) has released the "Management Measures for Safety Risk Monitoring and Evaluation of Cosmetics," effective from August 1, 2025, aimed at enhancing the supervision and management of cosmetics [1] - The measures consist of six chapters and thirty-three articles, clarifying the responsibilities of the NMPA, the National Institute for Food and Drug Control, and various drug supervision departments [1] - The focus includes monitoring substances that may harm human health when added to cosmetics, particularly those harmful to vulnerable groups such as children [1] Group 2: Corporate Acquisitions - Anta Group announced a cash acquisition of the German outdoor brand Jack Wolfskin for $290 million, expected to be completed by the end of Q2 or early Q3 of 2025 [2] - The acquisition aims to extend Anta's outdoor brand portfolio from high-end to a broader consumer base, enhancing its market position in the outdoor segment [2] - Prada plans to acquire the Italian fashion brand Versace for $1.375 billion, with Versace becoming a wholly-owned subsidiary while retaining its creative team [2] - The merger signifies a strategic move for traditional luxury brands to compete against giants like LVMH [2]

一边是多笔大额股权现身拍卖平台，试图寻觅买家；另一边，宣布重启分红，却因超低派息比例，陷入舆论旋涡。近段时间，中原银行被推向了风口，穿透 这些表面现象，深入剖析2024年度业绩经营情况可以发现，过去一年中原银行盈利能力虽然有所提升，但"增利不增收"、贷款集中度持续攀升以及个贷不良 走高所暴露出的风控短板，都对中原银行带来了不小挑战。起始于中原腹地，一路成长为万亿级城商行，中原银行如何破局，还需要时间来考验。 | 21天12时20分48.0秒 | | | --- | --- | | 一旦有人出价,会马上进入24小时倒计时;请登录后进 | | | 当前价 | 151,043,648 元 | | 出价 151,043,648 | | | | 您未登录） 立即报名 | | | 变变预缴款 ¥151.043.648 | | N HOEEEST | 0 人报名 12 人设置: | | 变卖预缴款：¥151,043,648 @ 查看如何支付 推荐:银行专用款项 | | | 保证金：¥15,100,000 | 加价幅度：¥755,000 | | 变卖价：¥151,043,648 | 评估价：¥269,720,800 | 多笔 ...