香港恒生指数跌超2%。石药集团跌近6%，中升控股、中国宏桥、阿里健康跌近5%。 ...

港股新消费概念股走低，老铺黄金、毛戈平跌超7%，泡泡玛特跌超6%，蜜雪集团跌超3%。 无需港股通，A股账户就能T+0买港股>> ...

港股低开低走，恒生科技指数跌2%，恒指跌1.8%，同程旅行(00780.HK)跌超9%领跌成分股。 ...

近日，周大福在港交所发布公告称，建议发行于2030年到期的88亿港元换股债券，年利率仅为 0.375%，利息每半年支付一次。 具体来看，此次发债的初始换股价为每股17.32港元，较公告发布前一日收盘价溢价约26.2%，若悉数转 换将发行5.08亿股新股，占扩大后股本约4.9%。最终所得款项净额约为87.15亿港元。 周大福在公告中表示，发债旨在在通过低息融资支持集团战略扩张，包括加快品牌形象升级、在港澳及 海外市场增设新形象门店，以及扩大黄金原料采购规模以强化供应链。 其中，周大福珠宝推出的定价黄金产品2025财年营业额同比大涨105.5%。在内地黄金首饰及产品类别 中，零售值占比也从2024财年的7.1%升至2025财年的19.2%。 在报告期内，周大福精选优质地段开设门店，并推进门店升级，计划将于内地及香港开设约20家新形象 店。截至2025年3月31日，其在中国内地拥有6274个周大福珠宝零售点，净关闭896个门店；香港及澳门 的零售点维持在87个。 据了解，近年来，虽国际金价连连高升，但却并未给珠宝零售商的业绩带来正向提升。外加老铺黄金、 周六福、潮宏基等新老对手不断崛起，行业内竞争愈发激烈， 于是， ...

港股泡泡玛特盘中一度跌超5%。此前Labubu 3.0首次开启线上预售，黄牛回收价格腰斩。 ...

泡泡玛特(09992.HK)跌超5%，股价回落至250港元下方，成交额超29亿港元。Labubu3.0首次开启线上预 售，黄牛回收价格腰斩。 ...

Core Insights - Haidilao has recently gained attention in the working community by launching a self-service lunch option, offering meals priced around 20 yuan, which includes various dishes and beverages, appealing to office workers [1][4][8] - The company is expanding its business model beyond traditional hotpot offerings, creating a new consumption map that includes various meal options for different times and settings [1][3][10] Business Strategy - The introduction of the self-service lunch is a strategic move to activate underutilized resources during off-peak hours, as lunch remains a low-traffic period for the company [3][11] - Haidilao's diversification efforts include launching new brands and meal options, such as boxed meals and children's menus, to cater to a broader audience and different dining scenarios [8][10][22] Market Context - The overall restaurant industry in China is experiencing slower growth, with Haidilao's revenue growth declining to single digits in 2024, indicating a shift in the competitive landscape [11][12][13] - The hotpot industry is facing intense competition, with many brands engaging in price wars, leading to a decrease in profit margins and an increase in store closures [16][17][18] Financial Performance - Haidilao reported a revenue of 427.55 billion yuan in 2024, with a modest growth of 3.1%, and a net profit of 47 billion yuan, reflecting a slowdown compared to previous years [11][12] - The company's average table turnover rate has improved to 4.1 times per day, but the average customer spending has decreased below 100 yuan, highlighting the impact of price sensitivity among consumers [14][15] Consumer Perception - The introduction of affordable meal options has altered consumer perceptions of Haidilao, with some viewing it as a value-driven choice while others question the brand's premium positioning [7][8] - The success of the self-service lunch and other new offerings will be crucial in determining Haidilao's ability to adapt to changing consumer preferences and market conditions [21][22]

恒生科技指数跌幅扩大至1%。同程旅行跌近6%，携程跌超3%。 ...

港股科网股下跌，京东(09618.HK)、快手(01024.HK)跌超3%，哔哩哔哩(09626.HK)跌2.5%，美团 (03690.HK)跌2.3%，腾讯控股(00700.HK)跌超2%。 ...

Summary of ETF Fund Flows Core Insights - On June 18, 2025, a total of 214 ETFs experienced net inflows, while 370 ETFs saw net outflows, indicating a mixed sentiment in the market [1] - Notably, 30 ETFs had net inflows exceeding 100 million yuan, with significant inflows observed in credit bond ETFs [1][3] - Conversely, 15 ETFs had net outflows exceeding 100 million yuan, with the Silver Hua Daily ETF leading the outflows [1][5] Inflow Analysis - The top five ETFs with the highest net inflows included: - Credit Bond ETF Fund (511200.SH): 292.16 million yuan - Credit Bond ETF Guangfa (159397.SZ): 139.61 million yuan - Credit Bond ETF (511190.SH): 56.06 million yuan - Government Financial Bond ETF (511520.SH): 55.90 million yuan - Ten-Year Government Bond ETF (511260.SH): 51.15 million yuan [3][5] - A total of 131 ETFs have seen continuous net inflows, with the Hong Kong Stock Connect Dividend ETF leading with 36 days of inflows totaling 77.95 million yuan [7] Outflow Analysis - The top five ETFs with the highest net outflows included: - Silver Hua Daily ETF (511880.SH): 1076.73 million yuan - CSI A500 ETF Leader (563800.SH): 21.83 million yuan - A500 ETF Yifangda (159361.SZ): 25.69 million yuan - Money Market ETF Jianxin Tianyi (511660.SH): 255.81 million yuan - Short-term Bond ETF (511360.SH): 23.43 million yuan [5][8] - A total of 185 ETFs have experienced continuous net outflows, with the Hong Kong Stock Connect Consumer ETF leading with 31 days of outflows totaling 37.3 million yuan [7] Recent Trends - Over the past five days, 71 ETFs have seen cumulative net inflows exceeding 100 million yuan, with the Credit Bond ETF Fund leading at 594.6 million yuan [8] - Conversely, 61 ETFs have experienced cumulative net outflows exceeding 100 million yuan, with the Silver Hua Daily ETF leading at 202.1 million yuan [8]