对于存在的风险，浙江美大提示，首先，在智能驾驶行业高速发展的背景下，目标公司需应对现有竞争 对手及潜在进入者的持续竞争压力。若魔视智能未能及时把握行业发展趋势、跟进客户需求变化，并在 技术创新、产品研发及客户服务等方面持续提升竞争力，将面临市场竞争加剧、业务增速放缓的风险。 其次，智能驾驶行业作为技术密集型行业，具有技术迭代快、创新要求高的特点。若魔视智能在新产品 研发过程中出现关键技术突破不足、研发成果或技术路线偏离行业政策导向等情况，将影响目标公司竞 争力、错失市场发展机遇，对经营成果造成不利影响。 6月13日，集成灶龙头企业浙江美大（002677）公告对外投资，也是公司首次跨界参股。浙江美大表 示，本次投资有助于公司把握智能驾驶行业增长机遇，分享行业成长红利，进一步提升股东回报。 最后，魔视智能在产品研发方面需要持续投入大量资金，截至目前尚未实现盈亏平衡，且未来仍需保持 较高的研发投入水平。若未来宏观经济环境发生不利变化，或下游需求增长不及预期，目标公司将面临 短期内无法盈利、持续亏损的风险。 浙江美大表示，本次投资符合公司发展战略，有助于公司探索股权投资的商业运营模式，长期来看将提 升公司投资能力，维 ...

2025年6月12日—14日，第十六届中国上市公司投资者关系管理论坛暨2025中国城市发展新质生产力巡 礼走进扬州活动成功举办。在本次论坛上，西部矿业（601168.SH）在第十六届"天马奖"评选中以卓越 的投关管理水平赢得了市场和投资者的广泛认可，荣获"上市公司投资者关系管理天马奖"、"上市公司 投资者关系管理股东回报奖"两项殊荣。 西部矿业长期致力于规范和高效地与投资者保持沟通，提升投资者关系管理水平。公司于2013年成立了 投资者保护工作领导小组，由董事长担任组长，确保投资者保护工作的高效推进，并建立了多部门协同 合作的投资者沟通渠道，董事会事务部作为投资者保护工作的主要负责单位，设立专门岗位负责投资者 关系管理，确保投资者权益得到有效保护。 在实践中，公司采取了一系列创新举措来加强与投资者的互动。公司所处地理位置较为偏远，较核心金 融地区不具备优势，日常与投资者的沟通主要通过投资者来电、互动平台等方式，为此公司克服困难， 持续强化与投资者的沟通机制。2023—2024年，公司持续主动地"走出去"，辗转北京、上海、深圳等地 参加反路演活动、机构投资者策略会11次，吸引90余家机构参与。同时，公司也注重邀 ...

来源|贝多财经 6月13日，浙江三花智能控制股份有限公司（下称"三花智控"或"三花智能"，SZ:002050、HK:02050）在 港交所披露发售公告，于6月13日至6月18日招股，预计将于2025年6月23日在港交所上市。 本次上市，三花智控的发售价为每股21.21港元至22.53港元，每手100股，拟发行3.6033亿股，预计募资 总额约76.43亿港元至81.18亿港元。按发售价范围中位数21.87港元计算，预计募资总额约78.74亿港元。 特别说明的是，三花智控引入了18名基石投资者，合共认购约5.62亿美元（约44.09亿港元）的发售股 份，基石投资者包括Schroders、GIC、香港景林、上海景林、Green Better、Verition、钟鼎资本八期、 Mirae Securities、工银理财、中邮理财、泰康人寿等。 | | | | 截至12月31日止年度 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 2022年 | | 2023 年 | | 2024 年 | | | | 金額 | % | 金額 | % | 金額 | % | ...

Core Viewpoint - Anjiu Food is seeking to list on the Hong Kong Stock Exchange to raise funds for international expansion, as domestic growth in the frozen food market slows down [2][8]. Group 1: Company Overview - Anjiu Food is the leading company in China's frozen prepared food market, holding a market share of 13.8% as of 2024 [2]. - The company reported a revenue of 121.06 billion yuan in 2022, with projections of 139.65 billion yuan in 2023 and 150.30 billion yuan in 2024 [3]. - Anjiu Food has over 500 SKUs across three product lines: frozen prepared foods, frozen dishes, and frozen rice and noodle products [3]. Group 2: Financial Performance - In Q1 2025, Anjiu Food's revenue was 36.00 billion yuan, a decrease of 4.13% year-on-year, with a net profit of 3.95 billion yuan, down 10.01% [6]. - The gross margin for the prepared dishes segment was significantly lower than that of frozen prepared foods, with margins of 9.9%, 10.8%, and 11.1% from 2022 to 2024 [6]. - The average selling price of prepared dishes declined from 20,300 yuan per ton in 2022 to 17,600 yuan in 2024, attributed to increased competition in the market [6]. Group 3: Market Strategy - Anjiu Food aims to expand its international market presence, with plans to use funds from the IPO for enhancing sales networks and supply chain systems [8]. - The company has established a production base in Vietnam to penetrate Southeast Asian markets, with overseas revenue projected at 1.67 billion yuan in 2024, accounting for 1.1% of total revenue [8]. - The company has faced challenges with its prepared dishes segment, which has seen a decline in performance, but experts believe there is still potential for growth in this market [7][9]. Group 4: Industry Insights - The frozen food market in China is experiencing a slowdown, prompting companies like Anjiu Food to seek growth opportunities abroad [2][8]. - Industry experts emphasize the importance of having a strong domestic foundation before pursuing international expansion, highlighting the need for strategic and tactical planning [9].

端午假期刚过，贵州茅台酒股份有限公司（以下简称"贵州茅台"股价再次下探，截至2025年6月13日收盘，贵州茅台跌2.2%，报1426.95元/股，总市值1.79万 亿元。 值得一提的是，而在股价下探之前，飞天茅台的价格就已率先失守，跌破了2000元大关。中国企业资本联盟中国区首席经济学家柏文喜认为："可能是白酒 消费淡季、"禁酒令"影响、电商平台促销冲击等原因。" 飞天茅台市场流通价连连下挫 据第三方平台"今日酒价"数据显示，2025年6月11日，散瓶飞天茅台报价为1990元/瓶，跌破2000元/瓶大关，较前一日下跌30元/瓶。 同年，6月12日，飞天茅台市场流通价继续下挫，报价为1980元/瓶。截至2025年6月14日，散瓶飞天茅台的今日行情价已跌至1960元/瓶。 | | 茅台飞天 | | 2025年6 (公众号: < | | --- | --- | --- | --- | | 品名 | | 规格 | 昨日行情 | | ② 25年で天(原) | | 53度/500ml | 2025 | | 2 25年で天(散) | | 53度/500ml | 1960 | | 24年飞天(原) | | 53度/500ml ...

Core Viewpoint - The company *ST Guangdao (839680.BJ)* is facing significant penalties and potential delisting due to serious financial fraud involving inflated revenue and costs from 2018 to mid-2024, with inflated amounts constituting 83.30% to 99.39% of reported figures [2][3][4]. Financial Fraud Details - The Shenzhen Securities Regulatory Commission has identified that Guangdao Digital systematically inflated its revenue and costs through the creation of false contracts, invoices, and other documents, leading to substantial misrepresentation in financial reports [4][6]. - Specific inflated revenue figures include 143 million, 192 million, 223 million, 249 million, 304 million, 283 million, and 72 million for the years 2018 to mid-2024, representing 87.34% to 99.39% of reported amounts [4]. - Corresponding inflated costs were 65 million, 85 million, 117 million, 133 million, 163 million, 152 million, and 39 million, with similar high percentages of misrepresentation [4]. Regulatory Actions - The Shenzhen Securities Regulatory Commission plans to impose a total fine of 40.5 million yuan on the company and its executives, with the chairman and general manager facing individual fines of 15 million yuan and 5 million yuan respectively [5][6]. - The company may face mandatory delisting due to the severity of the violations, as indicated in the administrative penalty notice [6]. Audit Firm's Responsibility - The auditing firm Zhongshen Huawen has provided unqualified audit opinions for six consecutive years, raising questions about its diligence and potential liability for failing to detect the fraud [3][8]. - Experts suggest that the audit firm may face administrative penalties, civil liabilities, and reputational damage due to its role in the oversight failure [9][10]. Industry Implications - The case highlights systemic risks in financial fraud and weaknesses in audit regulation, prompting calls for enhanced technological measures and stricter enforcement to ensure the integrity of financial reporting [9][11]. - Recommendations include the adoption of electronic confirmations, big data analysis for anomaly detection, and improved accountability mechanisms for audit firms [11].

■本报记者 杨洁 目前，全国冬小麦、冬油菜正陆续收获上市。农业银行积极启动实施"三夏"生产及夏季粮油收购金融服 务行动，确保夏粮丰收到手、颗粒归仓。 据农业银行相关部门负责人介绍，该行出台专项金融服务措施，围绕粮食产、购、储、加、销等环节， 全力保障夏粮收购资金供应。 农业银行相关负责人表示，该行将坚决贯彻国家粮食安全战略，深入践行大食物观，不断加大对农田建 设、农业科技等重点领域信贷供给，全链条做好粮食和重要农产品生产金融服务，以更实举措为全年粮 食和农业丰收保驾护航。 例如，农行湖南分行积极对接湖南省粮食和物资储备局，推出"粮食收购基金贷"，以"粮食收购贷款信 用保证基金增信+粮食库存智能监控"模式，累计投放贷款1.79亿元、服务企业67家。 农业银行还与农机站、农机协会、农机企业共同举办"惠农农机金融服务节"，以联合收割机、烘干机、 播种机、插秧机、农业无人机等夏收夏种农机为重点，推出农机贷、惠农分期、"农机e租"等系列产 品，对纳入财政补贴名录的农机具进一步提高抵押率，支持农机服务组织和种粮大户购买智能化高端农 机。 以农行河北分行为例，该分行围绕农户购置农机融资堵点，采取"农机经销商贴息+农行让利" ...

Group 1 - The Guangdong Artificial Intelligence and Robotics Industry Alliance was established to promote collaboration across the industry chain and deepen integration of production, education, and research [1] - The alliance consists of various stakeholders including enterprises, universities, research institutions, and application units, with 11 specialized committees focusing on areas such as intelligent manufacturing and robotics [1] - The chairman of Giant Wheel Intelligent Equipment Co., Ltd. was elected as a director of the alliance, emphasizing the company's focus on the development and industrialization of core robotic components like RV reducers [1] Group 2 - Giant Wheel Intelligent's RV reducers meet international advanced technical standards and are primarily used in industrial robots weighing 20 kg and above, with over 30 product variations available [2] - The scale of Guangdong's core artificial intelligence industry is projected to exceed 220 billion yuan in 2024, with over 1,500 core AI enterprises in the province [2] - The alliance aims to establish a comprehensive ecosystem from technology research and development to industrial implementation, with a target fund size of 10 billion yuan, initially raising 2 billion yuan to support core technology research [2]

作为A股调味品行业龙头企业，海天味业近日正式启动港股全球发售相关工作。本次发售时间定于6月 11日至6月16日，预计6月19日在港交所主板挂牌上市。 此次赴港上市吸引了众多投资者踊跃参与，其中基石投资者认购金额近47亿港元，认购份额约占总发售 股份的50%。这一数据不仅创下年内基石投资者认购规模的新高，更充分展现出国际资本对中国消费行 业龙头企业的高度认可与信心。 作为A股市场的绩优标杆，海天味业自上市以来始终保持业绩稳步增长的良好态势。从上市初期98亿元 的营收规模，到如今200多亿元的营收体量，其经营实力已远超调味品行业其他企业，持续稳固行业龙 头地位。业内分析指出，此次海天味业实现二次上市，将为企业进一步拓展国际化发展版图提供更广阔 的资本平台与战略支撑。 作为A股调味品龙头企业，海天味业展现出强劲的增长韧性，从2014年上市至2024年，公司营收从98亿 元一路攀升至269亿元，远超其他调味品行业企业，稳居行业龙头。招股书显示，2022年—2024年，海 天味业实现营收256.1亿元、245.59亿元、269.01亿元，分别录得净利润62亿元、56.42亿元、63.55亿 元。尽管2023年受"食品添 ...

■本报记者 郝飞 "'618'购物节是全年备货关键节点之一。但囤货资金需求急、压款周期长，传统贷款流程很难匹配。'丰 融通'的线上申请秒批、资金即刻到账、随借随还模式，能灵活匹配我们的销售节奏。"河南良品酒仓酒 业有限公司相关负责人感慨道。 "丰融通"是光大银行与顺丰控股股份有限公司旗下丰数科（深圳）技术服务有限公司，针对终端商品下 游经销商长期存在规模小、征信弱、融资难等痛点，打造的数字化供应链金融产品。该产品以真实贸易 数据为基础，结合智能风控技术，创新推出"订单融资"与"库存融资"双模式，实现全流程线上化操作。 自上线以来，"丰融通"已累计为消费电子、家电、白酒等行业的90余家品牌经销商提供融资支持超85亿 元，有效助力中小企业缩短资金周转周期，在消费旺季高效备货。 据悉，光大银行以顺丰物流场景为核心，整合公司金融、资产管理、投资银行等多条业务资源线，制 定"一户一策"精准服务方案。除"丰融通"外，双方合作已覆盖对公存贷款、供应链金融、公募REITs、 云缴费等多个领域。 例如，在"双碳"目标引领下，光大银行深度参与顺丰控股股份有限公司发行的"顺丰物流REITs"。该 REITs以深圳、武汉、合肥三大核 ...