【#恒大物业复牌大涨#，#中海华润回应恒大物业相关传言#】在历经短暂停牌后，9月12日，恒大物业 （06666.HK）复牌高开超38%。随后股价出现回调，截至发稿，报1.18港元，涨幅约28.26%，总市值约 127.57亿港元。 市场兴奋的背后是恒大物业再次找到买方。9月11日晚，恒大物业公告称，收到控股股东中国恒大及 CEGHoldings清盘人发来的接洽函称，清盘人一直寻求机会出售中国恒大及CEGHoldings所持的恒大物 业股份。目前，恒大方面直接或间接持有恒大物业已发行股本的51.016%。 有市场消息称，有意接手方包括央企中海和华润。就此，第一财经记者向两家公司求证，华润置地方面 表示，该消息不属实；中海方面称，目前还不掌握相关情况。 ...

Core Viewpoint - Jiangnan Buyi maintains its target of achieving 10 billion in retail by fiscal year 2026, focusing on domestic market expansion while viewing overseas markets as long-term opportunities for brand influence and lifestyle globalization [2][3]. Financial Performance - For the fiscal year 2025, Jiangnan Buyi reported total revenue of approximately RMB 5.548 billion, a year-on-year increase of about 4.6% [2]. - The company's gross profit reached RMB 3.64 billion, with a stable gross margin exceeding 65% [2]. - Net profit for the fiscal year was approximately RMB 897 million, reflecting a 6% year-on-year growth, resulting in a net profit margin of 16.2%, surpassing previous expectations [3][4]. Sales Channels - Online sales grew by 18.3% to RMB 1.201 billion, while the overall retail network expanded to 2,117 stores globally, covering all provinces in mainland China and 10 other countries [6][7]. - The contribution of online sales to total revenue surpassed 20% for the first time [7][8]. Multi-Brand Strategy - Jiangnan Buyi operates a multi-brand strategy with three tiers: mature brands, growth brands, and emerging brands, covering various segments including menswear, womenswear, and children's wear [4]. - The mature brand JNBY accounted for 54.3% of total revenue, while emerging brands generated RMB 361 million, a 107.4% increase year-on-year [4][5]. Operational Strategy - The company plans to enhance its retail network and optimize its direct sales team for better operational efficiency, focusing on key cities [5][8]. - Jiangnan Buyi aims to improve its supply chain and inventory structure through a shared inventory system and plans to establish a more intelligent distribution center [9]. Membership and Customer Engagement - Active membership accounts increased to over 560,000, contributing more than 80% of total retail revenue, with members spending over RMB 5,000 also rising to over 330,000 [8][9]. - The company is enhancing member benefits and experiences to drive further growth in online sales [8].

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 盘面上，大型科技股表现强势带领大市造好，据报用自研芯片训练AI模型，百度大涨8.54%、阿里巴巴 涨近6%，网易、腾讯、京东、快手涨近3%，小米、美团皆有涨幅；初请数据力证就业市场疲软，美联 储降息押注急速加码，有色金属股集体活跃，铜业股涨幅明显，江西铜业(600362)股份盘中涨近9%刷新 历史新高；内房股拉升，远洋集团领衔上涨，临近午盘钢铁股异动拉升，重庆钢铁(601005)股份涨约 7%；昨日大幅下挫的创新药概念股集体回暖，脑机接口概念股、重型机械股、手游股、建材水泥股、 纸业股、内险股纷纷上涨。 另一方面，香港本地消费股走低，苹果概念股、煤炭股、石油股、光伏股多数低迷，其中，昨日大涨近 13%的鸿腾精密跌超5%，新特能源、中国神华(601088)、中国石油(601857)股份均下跌。(格隆汇) (责任编辑：宋政 HN002) 格隆汇9月12日｜港股上 ...

Core Viewpoint - The announcement from Valiant Biopharma-B (09887) highlights the initiation of a Phase Ib/II clinical trial for the drug Opalizumab (PD-L1/4-1BB bispecific antibody LBL-024) in treating advanced melanoma, marking a significant step in cancer therapy development [1] Group 1 - The Phase Ib/II multi-center clinical trial is led by Professor Chen Yu from Fujian Cancer Hospital, with participation from multiple hospitals across the country [1] - The trial aims to evaluate the efficacy and safety of Opalizumab as a monotherapy or in combination with other agents for the treatment of advanced melanoma [1]

Core Viewpoint - Bilibili's stock price increased by nearly 5% following the announcement of its new game "Three Kingdoms: Hundred Generals Card" and the recruitment of a new technology head, indicating positive market sentiment towards the company's growth prospects in gaming and technology sectors [1] Group 1: Game Development - Bilibili's new game "Three Kingdoms: Hundred Generals Card" has been revealed and is currently available for pre-registration, with a public test scheduled for October [1] - The game is described as a new asymmetric casual competitive card game and is expected to achieve daily active users (DAU) in the millions, with a full launch planned for the 2026 Spring Festival [1] Group 2: Management and Talent Acquisition - Zhang Di, former Vice President at Kuaishou and a key figure in AI technology, has joined Bilibili as the head of the technology division [1] - Zhang Di has a strong background in data science and machine learning, having previously worked at Alibaba and Kuaishou, which may enhance Bilibili's technological capabilities [1] Group 3: Market Outlook - According to Goldman Sachs, Bilibili's participation in their Asia-Pacific Leaders Forum highlighted the company's focus on its gaming product line and release schedule [1] - Guosen Securities noted that Bilibili's community and user advantages are significant, and with the integration of new technologies like AI, there is substantial growth potential in gaming, advertising, and value-added services [1]

维立志博-B(09887)发布公告，评价奥帕替苏米单抗(PD-L1/4-1BB双特异性抗体LBL-024)单药或联合其 他药剂用于一线治疗晚期黑色素瘤的Ib/Ⅱ期临床试验(NCT07099430)首例患者已成功用药。 本次开展的Ib/Ⅱ期、多中心临床试验由福建省肿瘤医院陈誉教授牵头，全国多家医院共同参与。该试 验旨在评价奥帕替苏米单抗单药或联合用药治疗晚期黑色素瘤的疗效及安全性。 ...

Group 1 - Starbucks is in the process of selling its controlling stake in its China business, with final bids expected by early October from firms including Carlyle, Hillhouse, Sequoia China, and Boyu Capital [2] - The CEO of Starbucks, Brian Niccol, indicated that the company is looking for suitable partners to expand its presence in China, aiming to open 20,000 to 30,000 stores in the future [2] - Starbucks intends to retain control over its coffee roasting facilities in China to maintain quality, while the specifics of the share sale are still negotiable [2] Group 2 - Luckin Coffee has significantly outperformed Starbucks in China, with a 47.1% year-on-year revenue growth in Q2, reaching 12.36 billion yuan, while Starbucks only saw an 8% increase to 7.9 billion yuan [3] - In Q2, Luckin's same-store sales grew by 13.4%, driven primarily by an increase in cup volume, contrasting with Starbucks' same-store sales growth of only 2% [3] - The competitive landscape in China is prompting domestic capital to pursue Starbucks, as there are still many localized growth opportunities for the company [3]

Core Viewpoint - Shoucheng Holdings (00697) announced its investment in the Zhongjin Vipshop Outlets Closed-End Infrastructure Securities Investment Fund (Zhongjin Vipshop Outlet REIT), managed by its subsidiary, Shoucheng Jicheng, which aims to revitalize existing assets and promote consumer upgrades and domestic demand expansion [1] Investment Details - The investment is part of the Beijing Pingzhun Infrastructure Real Estate Equity Investment Fund Partnership (Limited Partnership), which is expected to inject new momentum into the development of consumer infrastructure [1] - The Zhongjin Vipshop Outlet REIT is based on the Shanjing Outlets project in Ningbo, Zhejiang Province, recognized for its high asset quality and sustainable operational capabilities, making it a benchmark project in the domestic outlet sector [1] Economic Impact - The successful listing of the Zhongjin Vipshop Outlet REIT is anticipated to introduce long-term capital into consumer infrastructure, providing quality scenarios for consumer upgrades and contributing to the expansion of domestic demand and dual circulation [1] - This initiative is also expected to stabilize and invigorate the capital market, aiding in the continuous recovery of the national economy [1] Future Strategy - The company plans to continue increasing its investment in China's core intelligent infrastructure real estate sector, leveraging its first-mover advantage in the REITs field and enhancing collaboration with leading domestic commercial operators and industry players [1] - The focus will be on the efficient revitalization and value enhancement of infrastructure assets [1]

Core Viewpoint - The Hang Seng Index rose by 1.53% to 26,484.72 points, while the Hang Seng Tech Index increased by 2.18% to 6,016.97 points, indicating a positive trend in the market, particularly in technology stocks [1] Group 1: Stock Performance - Technology stocks showed significant gains, with Baidu Group rising over 8% and Alibaba increasing nearly 6% [1] - The sectors of non-ferrous metals, pharmaceutical biology, and real estate also experienced notable increases [1] Group 2: Sector Performance - Coal, oil and petrochemicals, and food and beverage sectors saw slight declines [1]

Core Viewpoint - The investment by Shoucheng Holdings in the CICC Vipshop Outlets REIT aims to revitalize existing assets, promote consumer upgrades, and expand domestic demand, injecting new momentum into the development of consumer infrastructure [1] Company Summary - Shoucheng Holdings' subsidiary, Shoucheng Jicheng, is participating in the management of the Beijing Pingzhun Infrastructure Real Estate Equity Investment Fund, which is investing in the CICC Vipshop Outlets REIT [1] - Vipshop Holdings Limited is recognized as a leading brand discount e-commerce platform in China, focusing on "brand special sale" discount products [1] - The CICC Vipshop Outlets REIT is based on the Shanjing Outlets project in Ningbo, Zhejiang Province, showcasing excellent asset quality and sustainable operational capabilities [1] Industry Summary - The successful listing of the CICC Vipshop Outlets REIT introduces long-term capital into consumer infrastructure, providing quality scenarios for consumer upgrades and contributing to the expansion of domestic demand and dual circulation [1] - The investment strategy of Shoucheng Holdings emphasizes a commitment to increasing investments in China's core intelligent infrastructure real estate sector, leveraging the first-mover advantage in the REITs field [1] - The company aims to deepen cooperation with leading domestic commercial operators and industry players to enhance the efficient revitalization and value enhancement of infrastructure assets [1]