中原银行(01216)发布公告，因工作调整，本行行长刘凯先生不再担任本行行长职务，自2025年10月17 日起生效。 于2025年10月17日，董事会已审议通过聘任周锋先生担任本行行长及建议委任周先生为第三届董事会执 行董事(建议委任)。周先生担任本行行长的任职资格尚待国家金融监督管理总局河南监管局(河南金融监 管局)核准，建议委任需经股东于本行股东大会审议批准并获河南金融监管局批准其任职资格方可作 实。 ...

能源及能量环球(01142)发布公告，公司主要从事买卖能源相关商品(即柴油)。于2025年3月31日，集团 亦于俄罗斯的煤矿中拥有重大经济利益。在规划俄罗斯煤矿的营运及评估该计划的经济效益过程中，集 团员工不时接触煤炭(作为大宗商品)买家及╱或贸易商，以了解下游市场的最新发展。在集团继续其现 有业务的同时，集团亦一直探索及物色潜在商机，以多元化其收入来源及达致长远可持续增长，从而为 公司股东带来最大回报。 截至本公布日期，集团已于中国订立煤炭买卖协议，根据该等协议，可由正在于中国成立的新全资附属 公司正式进行买卖。集团将继续物色合适候选人加强新煤炭买卖业务的管理、采购及分销能力。董事会 认为，设立煤炭买卖业务将使集团能够结合及充分利用其在采煤及商品买卖业务的业界专业知识，使公 司能够于未来俄罗斯煤矿开始营运时更深入了解潜在客户情况，长远而言将符合集团的最佳利益，原因 为此举能减轻集团业务所面临的整体风险，并使集团能够适应任何全球危机及不确定性中不断变化的市 场状况。 来源：智通财经网 就此，董事会欣然知会公司股东及潜在投资者，集团已将其业务扩展至在中华人民共和国买卖能源相关 商品(即煤炭)。集团计划利用其在中 ...

Core Viewpoint - The company, Ying'en Biotechnology (09606.HK), announced its decision to propose the issuance of RMB shares and listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, contingent upon market conditions and necessary approvals [1] Group 1 - The board of directors has made a resolution regarding the issuance of shares [1] - The listing is subject to further approval from the board, shareholders, and regulatory authorities [1]

Core Viewpoint - The stark valuation difference between Nongfu Spring and China Resources Beverage, despite similar product offerings, highlights the underlying value dynamics in the bottled water industry, with Nongfu Spring commanding a market capitalization of HKD 599.4 billion compared to China Resources Beverage's HKD 26.4 billion [1][6]. Group 1: Financial Performance - As of October 17, 2023, Nongfu Spring's market capitalization increased by HKD 217.6 billion to HKD 599.4 billion, while China Resources Beverage's market cap decreased by HKD 1.7 billion to HKD 26.4 billion, indicating a valuation ratio of approximately 23:1 [6]. - In the first half of 2025, Nongfu Spring reported revenue of CNY 25.622 billion and a net profit of CNY 7.622 billion, with bottled water revenue accounting for 36.9% of total revenue. In contrast, China Resources Beverage had revenue of CNY 6.206 billion and a net profit of only CNY 0.805 billion, with bottled water revenue making up 84.6% of its total [6][8]. Group 2: Profit Margins - In the first half of 2025, Nongfu Spring achieved an overall gross margin of 60.3%, while China Resources Beverage's gross margin was 46.7%, reflecting a significant competitive advantage [8][17]. - Nongfu Spring's gross margins have consistently been higher than those of China Resources Beverage, with a margin of 58.1% in 2024 compared to 47.3% for China Resources Beverage [8][17]. Group 3: Market Strategy and Product Diversification - Nongfu Spring has successfully diversified its product offerings beyond bottled water, with tea beverages generating over CNY 10 billion in revenue, accounting for 39.4% of total revenue in the first half of 2025 [8][9]. - China Resources Beverage is still in the process of expanding its beverage product line, with only CNY 0.955 billion in beverage revenue, representing 15.4% of its total revenue in the first half of 2025 [9][10]. Group 4: Supply Chain and Production Models - Nongfu Spring operates a fully self-sufficient production model, controlling its supply chain from water source to bottling, which contributes to its higher gross margins [14][17]. - China Resources Beverage relies heavily on a contract manufacturing model, with approximately 69% of its bottled water produced by third-party manufacturers, leading to increased cost pressures [20][25]. Group 5: Competitive Landscape - The bottled water market is characterized by intense competition, with Nongfu Spring's strategic focus on product diversification and supply chain control giving it a competitive edge over China Resources Beverage, which is still developing its product range and production capabilities [35][36]. - The industry is witnessing a trend towards self-built production facilities, with major players like China Resources Beverage planning to increase its self-produced capacity to 60% by 2025, reflecting a shift in strategy to enhance supply chain control [29][33].

朗宁能源系朗宁宜和的普通合伙人、执行事务合伙人，直接持有朗宁宜和40.00%的出资额，负责朗宁 宜和的日常经营管理，对外代表朗宁宜和。祝镓阳、占舜迪、张栋分别持有朗宁能源40%、30%、30% 的股权，合计持有朗宁能源100%的股权。2025年10月17日，祝镓阳、占舜迪、张栋签署了《关于青海 华鼎实业股份有限公司之一致行动协议》（简称"《一致行动协议》"），约定在处理有关上市公司的决 策事项时均采取一致行动，并就采取一致行动的方式、决策事项的涵盖范围、协议有效期以及发生意见 分歧或纠纷时的解决机制等事项进行了约定。综上，朗宁宜和的实际控制人为祝镓阳、占舜迪、张栋， 三人共同控制朗宁宜和。 本次收购需支付现金对价34,957.19万元，目前已到账资金30,026万元，均由合伙人直接出资；其中由实 际控制人祝镓阳、张栋、占舜迪以自有资金出资24,026万元，朗宁宜和合伙人南京恒运新能源股权投资 基金合伙企业（有限合伙）出资6,000万元，剩余部分仍由朗宁宜和以自有或自筹资金出资。 格隆汇10月17日丨*ST海华(600243.SH)公布，本次权益变动为青海溢峰科技投资有限公司（下称："溢 峰科技"）、李松强、王 ...

格隆汇10月17日丨*ST海华(600243.SH)公布，为了维护全体投资者利益，根据《上海证券交易所股票上 市规则》《上海证券交易所上市公司自律监管指引第4号——停复牌》等有关规定，经公司向上海证券 交易所申请，公司股票将于2025年10月20日（星期一）开市起复牌。 ...

北京商报讯(记者丁宁)10月17日晚间，翰森制药(03692.HK)发布公告称，公司全资附属公司上海翰森生 物医药科技有限公司及常州恒邦药业有限公司(统称"许可人")与F.Hoffmann-La Roche Ltd(以下简称"被许 可人")订立许可协议。根据许可协议，许可人将授予被许可人开发、生产及商业化HS-20110的全球独占 许可(不含中国内地、香港、澳门和台湾)。许可人将获得8000万美元首付款，并有权根据该产品开发、 注册审批和商业化进展收取最高14.5亿美元里程碑付款，以及未来潜在产品销售的分级特许权使用费。 公告显示，该产品是一款在研的CDH17靶向抗体–药物偶联物(ADC)，目前正在中国和美国开展用于治 疗结直肠癌(CRC)及其他实体瘤的全球I期临床试验。被许可方是在瑞士证券交易所上市的Roche Holding AG(罗氏)的子公司。 ...

新疆新鑫矿业(03833)公布，有关公司拟开展建议发行A股有关工作，公司已委任申万宏源承销保荐有限 责任公司作为公司建议发行A股有关工作的上市前辅导机构并与其签署辅导协议;及公司已获通知，中国 证券监督管理委员会新疆监管局同意就公司建议发行A股上市前辅导进行备案登记。 ...

智通财经APP讯，西藏水资源(01115)公布，已于2025年10月17日完成配售本金额为2.97亿港元的可换股 债券。 ...

Core Insights - Chow Tai Fook Group reported a retail value growth of 4.1% for the second quarter ending September 30, 2025, driven by a significant increase in the retail value of priced gold products, which surged by 43.7% year-on-year [1] - The company noted a full recovery in same-store sales across mainland China, Hong Kong, and Macau, with same-store sales growth of 7.6% for direct stores and 8.6% for franchise stores in mainland China [1] - Despite the increase in retail value, overall sales volume declined, with same-store sales volume in mainland China dropping by 8.6% and in Hong Kong and Macau by 10% [1] Pricing Adjustments - Several gold jewelry brands, including Chow Tai Fook, have raised their product prices due to the continuous rise in gold prices, with Chow Tai Fook's gold jewelry price reaching 1279 yuan per gram [1][2] - The company plans to announce further product price adjustments soon, reflecting the ongoing volatility in gold prices [3] Market Conditions - The Shanghai Gold Exchange issued a warning regarding the recent volatility in international precious metal prices, urging members to enhance risk awareness and maintain market stability [3]