智通财经APP获悉，高盛发布研报称，对康基医疗(09997)的评级为买入，基于2027年预期市盈率倍数17 倍(经折现)、三年预期每股收益复合年增长率12%以及折现率10%，给出12个月目标价9.3港元。截至目 前，威京医疗的四臂手术机器人已获批，这符合该行之前的预期(详见2024年下半年财报回顾)。康基医 疗召开了业务更新电话会议，主要聚焦商业化战略、产能规划和研发方向。 高盛主要观点如下： 威京医疗四臂手术机器人获批，关注商业化进展 康基医疗持有威京医疗约41.99%的股权。该行预计2025财年手术机器人带来的收入贡献有限，公司目 标是到2027年实现收支平衡。更值得关注的是耗材在中长期的贡献，在品牌、分销渠道和学术培训资源 方面，该行认为这与康基医疗的核心耗材业务存在协同效应。该行将密切关注机器人的安装情况和医生 的反馈。目前来看，国内主要参与者在外观设计和机械臂方面尚未出现显著差异(详见该行近期在 CMEF上的观察)，竞争格局最终将围绕市场份额的变化展开。 商业化团队已组建，定价可能具有竞争力：目前已组建了一支超过150人的团队;公司预计定价策略会将 价格定在1000万元人民币左右，以提高产品的可及性 ...

Group 1 - Tencent Holdings saw a nearly 3% increase in stock price, closing at 484 HKD with a trading volume of 5.687 billion HKD [1] - CICC's report indicates that Tencent Games is expected to maintain a positive trend in 2025, with a projected 10% year-on-year revenue growth despite high revenue baselines from the previous year [1] - Tencent continues to focus on its flagship evergreen games, including "Honor of Kings," "Peacekeeper Elite," and various IPs like "League of Legends" and "CrossFire," demonstrating strong operational capabilities [1] Group 2 - The gaming industry is experiencing a significant shift towards AI integration, moving from auxiliary development tools to core gameplay design and interactive storytelling [2] - At the SPARK 2025 Tencent Games conference, "Peacekeeper Elite" announced advancements in AI technology, introducing AI teammates capable of real-time dialogue, marking a new case study for sustainable evolution of large models [2]

经营范围含许可项目：建设工程施工;发电业务、输电业务、供（配）电业务（依法须经批准的项目， 经相关部门批准后方可开展经营活动，具体经营项目以批准文件或许可证件为准）住房租赁;非居住房 地产租赁;租赁服务（不含许可类租赁服务）;机械设备租赁;会议及展览服务;园区管理服务;停车场服务; 建筑材料销售;固体废物治理;物业管理;水污染治理;水环境污染防治服务;创业空间服务;创业投资（限投 资未上市企业）;再生资源加工;再生资源回收（除生产性废旧金属）;再生资源销售;非金属废料和碎屑 加工处理;新能源汽车废旧动力蓄电池回收及梯次利用（不含危险废物经营）;新材料技术研发;技术服 务、技术开发、技术咨询、技术交流、技术转让、技术推广;资源循环利用服务技术咨询;资源再生利用 技术研发;集中式快速充电站;机动车充电销售;太阳能发电技术服务（除依法须经批准的项目外，自主开 展法律法规未禁止、未限制的经营活动） 企业名称东安广利绿色经济产业园发展有限责任公司法定代表人邓聪注册资本10000万人民币国标行业 租赁和商务服务业>租赁业>机械设备经营租赁地址湖南省永州市东安县白牙市镇工业园区创新创业大 楼企业类型有限责任公司（非自然人投 ...

近日，富阳区新联会副会长、区滴水公益负责人王旭东带领两位特殊的访客——来自四川德格县的 四郎志玛和卓玛美朵老师，与在富阳挂职的德格县年轻干部一同前往"绿水青山就是金山银山"理念发源 地安吉余村研学，在绿水青山间深刻感悟思想伟力，汲取奋进力量。 作为富阳对口帮扶地区——德格县的乡村教育骨干，四郎志玛和卓玛美朵是富阳区新联会与区滴水 公益联合启动的"圆梦青蓝——教育共富·乡村教师赋能计划"的首批学员。这项创新举措标志着富阳统 一战线西部助学活动实现从"物资捐赠"到"智慧传递"的重心转移，为对口支援开辟了新路径。 自2009年启动以来，富阳统一战线西部助学活动已形成"圆梦课桌"（向学校捐赠新课桌椅）、"圆 梦礼包"（根据学子个性化需求，捐赠校服、学习用品、体育用品、洗漱用品等）两大品牌项目。截至 2024年底，累计捐赠物资价值逾1500万元，惠及300余所学校、7万余名学生。 不过，西部助学执行团队在走访调研中注意到，西部地区师资力量、教学理念等软件方面与东部地 区仍存在明显差距。以卓玛美朵任教的竹庆镇通遥玛小学为例，8个教学班仅有6名在编教师。 "乡村教师是振兴乡村教育的关键变量，是孩子们梦想路上的引路人。我们通 ...

Core Viewpoint - The Hang Seng High Dividend Yield Index (HSSCHKY) has shown positive performance, with significant increases in constituent stocks, indicating a potential recovery in the Hong Kong real estate market and overall economic stability [2]. Group 1: Market Performance - As of April 25, 2025, the HSSCHKY index rose by 0.85%, with notable increases in stocks such as China Resources Land (4.64%) and China Overseas Development (3.76%) [2]. - The Bosera Hang Seng High Dividend ETF (513690) increased by 1.20%, with a latest price of 0.93 yuan and a trading volume of 16.6197 million yuan [2]. - Over the past year, the Bosera Hang Seng High Dividend ETF has seen an average daily trading volume of 78.9566 million yuan [2]. Group 2: Economic Measures - A recent State Council meeting focused on stabilizing employment and the economy, emphasizing the need to maintain a stable stock market and promote healthy development in the real estate sector [2]. - Despite a slight decline in new home sales and falling second-hand home prices, historical trends suggest that the real estate sector often rebounds before the fundamentals stabilize, supported by strong expectations for new policies [2]. Group 3: ETF Performance Metrics - The Bosera Hang Seng High Dividend ETF has a current size of 3.731 billion yuan, with net inflows remaining balanced recently [3]. - The ETF's net value increased by 22.27% over the past year, with a maximum monthly return of 24.18% since inception [3]. - The ETF's Sharpe ratio for the past year is 1.48, indicating a favorable risk-adjusted return [3]. Group 4: Index Composition - As of April 24, 2025, the top ten weighted stocks in the HSSCHKY index account for 28.32% of the index, with Yanzhou Coal Mining (4.39%) and Hang Lung Properties (3.38%) being the most significant [4][6].

Group 1 - Goldman Sachs maintains a "Buy" rating on New Oriental-S (09901) and raises the target price to HKD 42 based on the sum-of-the-parts valuation method [1] - The firm expects investor confidence to gradually improve if the company achieves its profit margin expansion guidance for the May quarter, with the valuation multiple for New Oriental's core business projected to increase from the current 1x 12-month forward P/E [1] - Management emphasized cost control and operational efficiency during the February quarter earnings call, leading to an upward revision of non-GAAP operating profit expectations for FY25-27 by 7-14% [1] Group 2 - New Oriental's February quarter revenue and EPS fell short of expectations primarily due to a significant decline in revenue from Dongfang Zhenxuan (01797), which dropped by 59% year-on-year [2] - The firm has lowered its FY25 expectations for Dongfang Zhenxuan and adjusted the target price based on P/E to HKD 7.8 from HKD 8.2, but anticipates that Dongfang Zhenxuan will start contributing positively to group profits from the August quarter [2]

Group 1 - The Hong Kong property stocks have shown strong performance, with notable increases in share prices for several companies [1] - Ronshine China (03301.HK) has risen by 15.38%, indicating significant investor interest [1] - Other companies such as Oceanwide Holdings (03377.HK), Agile Group (03383.HK), and R&F Properties (02777.HK) have also experienced substantial gains of 12.21%, 8.33%, and 7.34% respectively [1]

香港恒生指数涨幅扩大至1%。地产股走高，龙湖集团涨超7%，华润置地涨超4%。 ...

2025年第一季度营收同比下降23%，至58亿元人民币，占高盛2025财年预期/机构市场共识预期的 16%/15%(2024年第一季度占比为16%)。由于2024年末未入账的总建筑面积和合并预售存款同比均下降 约30%，预计2025年营收在2023年/2024年分别下降2%/19%之后，将再同比下降约20%。 2025年第一季度营业利润同比下降49%，至3.98亿元人民币，占高盛2025财年预期/市场共识预期的 21%/23%(2024年第一季度占比为39%)。 2025年第一季度营业利润率环比提高4个百分点，但同比下降3个百分点至7%，比高盛2025财年预期高2 个百分点(2024年第一季度比2024财年预期高6个百分点)。预计2025年其房地产销售毛利率将维持在9% 的较低水平(2024年入账毛利率为8%)。 2025年第一季度预售额达到69亿元人民币，预售建筑面积59.8万平方米，销售均价为每平方米11584元 人民币(分别同比下降12%/16%/增长4%)，与管理层设定的2025年同比下降13%至350亿元人民币的目标 相符。2025年第一季度预售额占高盛预期(360亿元人民币，同比下降11%)的19 ...

Group 1 - Hong Kong real estate stocks collectively rose, with Jin Hui Holdings (09993.HK) increasing over 50% [1] - Gemdale Properties (00535.HK) saw a nearly 20% rise [1] - Ronshine China (03301.HK) and R&F Properties (02777.HK) both increased by over 10% [1] - Sunac China (01918.HK) experienced an increase of over 8% [1]