Group 1 - Company has invested in Going Securities (HK) Limited, acquiring a 15% stake through its subsidiary, marking its entry into the RWA (Real World Asset) sector [1] - The partnership with SwiftPass HongKong Limited will result in an 18% stake in Going Securities, focusing on integrating resources in cross-border payments and digital finance [1] - The stock price of the company increased by 8.69% to 54.3 HKD following the announcement [1] Group 2 - Company is recognized as a leading player in the Hong Kong gold and jewelry market, benefiting from a broad store network and brand influence [2] - Online sales have reached 40% of total revenue in 2024, showing strong growth, while the company has opened six stores in Southeast Asia by July 2025 [2] - Analysts believe that rising gold prices will positively impact the company's profitability, despite potential short-term sales fluctuations [2] Group 3 - Strategic investment in Going Securities allows the company to leverage the upcoming virtual asset license, facilitating entry into the tokenization market [3] - The company aims to expand its overseas stores to 200 by 2027, with current overseas investment returns being 2 to 3 times higher than domestic [3] - The integration of blockchain technology is expected to enhance asset liquidity and operational efficiency in overseas markets [3]

亏损增加主要由于回顾年内(i)Birmingham City Football Club(球会)于本赛季降级至英格兰足球甲级联 赛，导致广播收入减少;(ii)贷款增加推动融资成本上升;(iii)球会经营开支增加，主要由于球赛日开支增 加，以及维修及保养基础设施及设备升级完成后，物业、厂房及设备折旧增加;(iv)由于购买新球员导致 无形资产摊销增加;(v)由于联营公司的经营开支增加，导致分占联营公司亏损增加;(vi)汽车业务的销售 及营销开支、研发成本以及行政开支增加，但部分被于年内取得(a)金融资产公平值变动的收益;以及(b) 球会的球赛日收入及商业收入增加所抵销。 智通财经APP讯，大象未来集团(02309)发布公告，与截至2024年6月30日止年度所取得公司拥有人应占 亏损约1.828亿港元相比，集团预期于截至2025年6月30日止年度将取得公司拥有人应占亏损约3.20亿港 元。 ...

Core Insights - Zulong Entertainment's game "Shining Name" has successfully launched in South Korea, achieving the top position on both iOS and Google Play free game charts, marking a significant milestone in the company's global expansion strategy [1] - The game has previously topped charts in multiple regions including Hong Kong, Taiwan, Singapore, Malaysia, and Japan, demonstrating its strong market performance and user engagement [3] - The game has generated over 2 billion RMB in total revenue globally, indicating its commercial success [3] Group 1 - "Shining Name" offers a rich customization experience for players, catering to diverse aesthetic preferences across different regions, which has contributed to its popularity among female gamers [4] - The game leverages advanced technology, including the UE engine, to deliver high-quality graphics and realistic material representations, enhancing its appeal [4] - Zulong Entertainment has launched 24 mobile games in over 170 markets, with a total registered user base exceeding 200 million and total revenue surpassing 22 billion RMB [6] Group 2 - The company plans to expand its game "Dragon: Cassel's Gate" into Japan, South Korea, and other global markets in 2026, focusing on localized IP activities [7] - The gaming industry in China is experiencing a favorable policy environment, which aligns with Zulong's long-term strategy for global expansion [6] - According to data, China's self-developed games have seen overseas revenue reach 18.56 billion USD, reflecting a 13.39% year-on-year growth, showcasing the potential for further success in international markets [9]

Group 1 - The company, Zhou Shifu (06168), announced a strategic investment through its wholly-owned subsidiary, HONGKONG CHUANG MEI INTERNATIONAL HOLDINGS GROUP CO., LIMITED, acquiring a 15% stake in Going Securities (HK) Limited, which indirectly holds a 15% stake in Gao Ying Securities [1] - Wei Fu Tong Technology Co., Ltd., a wholly-owned subsidiary of A-share listed company Shanghai Huafeng Superfiber Technology Co., Ltd. (stock code: 300180.SZ), also indirectly acquired an 18% stake in Gao Ying Securities through its subsidiary SwiftPass HongKong Limited [1] - Gao Ying Securities is a licensed corporation recognized by the Hong Kong Securities and Futures Commission, holding multiple regulatory licenses, and serves as the vice-chairman unit of the "Hong Kong Web3.0 Standardization Association," showcasing its compliance qualifications and resource integration advantages [1] Group 2 - This strategic investment serves as a foundation for long-term strategic layout and win-win cooperation among the stakeholders in the digital finance sector [2] - The parties involved will integrate mature resources across cross-border payments, precious metals, and capital markets to compliantly expand into the digital finance sector and explore new growth opportunities in the Hong Kong digital asset market [2]

慧源同创科技(01116.HK)公布，该集团预期将于截至2025年6月30日止年度度取得公司权益拥有人应占 净亏损约人民币4000万元至6000万元，而2024年同期经重述公司权益拥有人应占溢利则为约人民币1.4 亿元至1.6亿元。该集团于2024年度的业绩由公司权益拥有人应占亏损人民币1470万元经重述，主要因 为于2024年度拨回承兑票据结余及取消附属公司综合入账的收益。 截至2025年9月12日收盘，慧源同创科技(01116.HK)报收于0.24港元，下跌1.66%，成交量34.0万股，成 交额7.9万港元。投行对该股关注度不高，90天内无投行对其给出评级。 慧源同创科技港股市值5.2亿港元，在钢铁行业中排名第9。主要指标见下表： | 指标 | 慧源同创科技 | 钢铁 行业平均 | 行业排名 | | --- | --- | --- | --- | | ROE | -30.8% | -39.13% | 10 14 | | 港股流通市值 | 5.2 乙 | 17.62亿 | 9 14 | | 营业收入 | 7.4亿 | 220.05亿 | 9 14 | | 净利率 | -2.27% | -15.34% | ...

竞标方对星巴克中国的整体估值约为50亿美元，按照预计2025年4亿至5亿美元的EBITDA计算，对应估 值倍数在10倍左右。 从2024年底传出卖身消息后，星巴克的中国业务吸引了包括KKR、高瓴、PAG等国际顶级资本的参与 竞购，而市面上对于星巴克最终的买主和价格的传言始终不断。期间，甚至出现"反向管理层路演"的戏 剧性场面。 那么，为何是这四家投资机构闯进"决赛圈"？ Part01 决赛选手们 有过麦当劳中国投资经验的凯雷是四家PE中最意料之内的入选者。 2017年，麦当劳以20.8亿美元的价格出售了80%的麦当劳中国业务，凯雷在其中持有28%的股权。引入 凯雷等资方后，麦当劳中国发展迅速，一年就开了1000家店，为股东带来丰厚的回报。2023年，凯雷将 其所持28%的麦当劳中国股权以18亿美元的价格回售给麦当劳全球，净收益约12亿美元，实现约6.7倍 的投资回报。 竞购星巴克中国业务的名单缩短至四家：博裕资本、凯雷集团、EQT和红杉中国（HongShan）。 有消息称，这四家私募股权机构已于上周收到卖方发出的确认函。由高盛主导的此次出售预计将在10月 底前确定最终买家。若此次交易就此尘埃落定，持续一年，吸 ...

Core Viewpoint - The company is actively advancing the global expansion of its core product, Isupravaglutide α, which has recently received regulatory approval for the treatment of Type 2 Diabetes (T2D) in Macau [1]. Product Development - The company announced that on September 12, 2025, the first prescription for its core product for T2D was issued at the Huabao Medical Center in Macau, marking the official commercialization phase of the product in the region [1]. - The Biologics License Application (BLA) for the core product was approved in Macau on June 2025, indicating a significant milestone in the product's development [1].

Group 1 - The core point of the article is that Mengniu Dairy has been actively repurchasing its shares, indicating a strategy to enhance shareholder value and potentially stabilize its stock price [2][3] - On September 12, the company repurchased 300,000 shares at a price range of HKD 15.160 to HKD 15.310, totaling HKD 4.5677 million [2] - Since September 10, Mengniu Dairy has conducted share buybacks for three consecutive days, accumulating a total of 618,000 shares repurchased and a total expenditure of HKD 9.366 million, with the stock price increasing by 0.93% during this period [2] Group 2 - Year-to-date, Mengniu Dairy has completed 75 share repurchase transactions, totaling 18.668 million shares and an aggregate amount of HKD 31.3 million [3] - The detailed repurchase data shows various dates, share quantities, and prices, with the highest repurchase price recorded at HKD 19.900 and the lowest at HKD 14.890 [3][4][5]

Core Viewpoint - The competition between Alibaba and Meituan in the local lifestyle sector has intensified, with both companies launching new initiatives on the same day to capture market share in offline store services [2]. Group 1: Alibaba's Strategy - Alibaba launched the "Gaode Street Ranking" on September 10, leveraging Gaode Map's user behavior data to compete directly with Meituan's Dazhong Dianping [2]. - Gaode Map has three key advantages: it is a high-frequency app with 186 million daily active users, it possesses rich behavioral data reflecting genuine consumer intent, and it offers integrated services that facilitate seamless transactions [2]. - The initial response to the Gaode Street Ranking was strong, with over 40 million users engaging with the feature on its first day [2]. Group 2: Meituan's Response - Meituan announced the "restart" of Dazhong Dianping's quality takeaway service, utilizing AI models to filter out fake reviews and enhance user trust [2][5]. - Meituan aims to strengthen its traditional advantage in user-generated content (UGC) while ensuring the authenticity of reviews through AI-driven data cleaning [5][6]. Group 3: Industry Challenges and Technological Impact - The local lifestyle sector has faced challenges over the past two decades, including user exploitation of discounts and the prevalence of fake reviews, leading to issues of information asymmetry and trust [3]. - AI technology is transforming the landscape by addressing trust issues for both users and merchants, allowing for more reliable decision-making and enabling lesser-known businesses to gain visibility [4][6]. - Despite the technological advancements, Meituan's long-standing user habits, merchant relationships, and service depth present significant barriers for Gaode to overcome in the competitive landscape [6].

盛京银行(02066)与沈阳盛京金控投资集团有限公司联合公布，为了就股东接纳提供更大财务激励，提 升本次要约的成功概率，要约人将把初始H股要约价由每股H股港币1.32元增加至每股H股港币1.60元， 相当于每股H股提高港币0.28元。最终H股要约价港币1.60元较最后交易日联交所所报收市价每股H股港 币1.14元溢价约40.35% 假设要约获全数接纳，要约人根据要约及最终要约价应付的总现金代价将约为35.97亿港元(就H股要约 而言)及人民币47.47亿元(就内资股要约而言)。 该行已向联交所申请自2025年9月15日上午九时正起恢复H股在联交所买卖。 初始内资股要约价将相应地由每股内资股人民币1.20元增加至每股内资股人民币1.45元，即按港币1元兑 人民币0.91193元汇率计算的最终H股要约价的人民币等值金额，该汇率为本公告日期中国人民银行公布 的最新人民币兑港币汇率中间价。 ...