小摩认为，今年以来的涨势反映了投资者焦点从市净率转向市盈率，原因在于资产负债表风险降低。该 行认为以下五项因素可能成为短期催化剂：(1)股息指引、(2)负债融资成本改善、(3)准备金余额扭转、 (4)市场对其盈测上调、(5)政府政策支持。总结而言，该股未来具备多项基本面驱动力，该行相信这些 因素将在未来6至12个月内进一步提升其吸引力的风险回报前景。 摩根大通发布研报称，中国人寿（601628）(02628)今年以来表现强劲，远超大市，目前股票以2026财 年预测市盈率7倍作交易，股息收益率为3%。在其即将发布业绩(8月27日)之前，关键问题在于诸多正面 因素是否已被市场充分反映，抑或仍有进一步催化剂。该行予国寿H股"增持"评级，目标价31港元。 ...

Financial Performance - The company's operating revenue for the reporting period is approximately 7.00 billion yuan, an increase from 6.51 billion yuan in the same period last year, reflecting a growth rate of about 7.57% [1] - The net profit attributable to shareholders is approximately 568.29 million yuan, up from 418.47 million yuan year-on-year, indicating a growth of about 35.8% [1] - The net profit after deducting non-recurring gains and losses is approximately 558.80 million yuan, compared to 409.45 million yuan in the previous year, showing an increase of about 36.4% [1] - The basic and diluted earnings per share are both 0.3788 yuan, up from 0.2788 yuan in the previous year [1] - The weighted average return on equity is 10.28%, an increase of 2.21 percentage points year-on-year [19] Cash Flow and Investment - The net cash flow from operating activities is approximately 229.72 million yuan, a slight decrease of 0.26% from the previous year [22] - The net cash flow from financing activities is approximately 57.22 million yuan, an increase of 306% year-on-year [22] - The net cash flow from investing activities is approximately -287 million yuan, compared to 129 million yuan in the same period last year [22] Asset and Liability Changes - Total assets at the end of the reporting period are approximately 18.08 billion yuan, down from 18.29 billion yuan at the end of the previous year [1] - The net assets attributable to shareholders increased to approximately 5.68 billion yuan from 5.24 billion yuan year-on-year [1] - Accounts receivable and notes receivable increased by 16.23%, while cash and cash equivalents decreased by 18.6% [34] - The company's debt-to-asset ratio is 60.6%, indicating a stable financial structure compared to industry averages [45] Shareholder Structure - The top ten shareholders include new entrants such as China Pacific Life Insurance Co., Ltd. and social security funds, while existing shareholders like Weichai Power Co., Ltd. and Shandong Heavy Industry Group Co., Ltd. have increased their holdings [49][50] - The shareholding structure reflects a diversification of institutional investors, which may enhance the company's stability and growth potential [49]

| | 本报告期 | 上年同期 | | --- | --- | --- | | 营业收入(元) | 28,537,097,264.35 | 20,202,142,527.50 | | 归属于上市公司股东的净利 | 1,487,542,447.03 | 1,386,844,101.23 | | 润(元) | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 1,367,914,509.93 | 1.373.435.816.59 | | (元) | | | | 经营活动产生的现金流量净 | -2.949.384.794.81 | -8.150.780.678.61 | | 额(元) | | | | 基本每股收益(元/股) | 0.3421 | 0.3187 | | 稀释每股收益(元/股) | 0.3421 | 0.3187 | | 加权平均净资产收益率 | 3.85% | 3.73% | | | 本报告期末 | 上年度末 | | 总资产(元) | 161,553,273,565.94 | 155,224,285,481.93 | | 归属于上市公司股东的净资 | 39,769,742,256.87 ...

| 主要会计数据 | 本报告期 | 上年同期 | | | --- | --- | --- | --- | | | (1-6月) | 调整后 | 调整前 | | 营业收入 | 1. 448. 440. 275. 71 | 1. 410. 579. 723. 34 | 1, 410, 579, 7 | | 利润总额 | 419. 921. 531. 84 | 406. 937. 984. 62 | 406. 969. 8 | | 归属于上市公司股 东的净利润 | 321. 157. 553. 42 | 309. 780. 090. 37 | 309.811.9 | | 归属于上市公司股 东的扣除非经常性 | 317. 346. 600. 28 | 305. 586. 715. 34 | 305. 618. 6 | | 损益的净利润 | | | | | 经营活动产生的现 金流量净额 | 355. 809. 706. 73 | 324. 301. 750. 86 | 324.079.2' | | | 本报告期末 | 上年度末 | | | | | 调整后 | 调整前 | | 归属于上市公司股 | 4. 150. 453 ...

| 主要会计数据 | 本报告期 (1-6月) | 上年同期 | | --- | --- | --- | | 营业收入 | 700.464.766.25 | 759.894.679.84 | | 利润总额 | 84.128.950.20 | 41.979.606.35 | | 归属于上市公司股东的净利润 | 80.344.468.24 | 11,877,328.48 | | 归属于上市公司股东的扣除非经常性 损益的净利润 | 45,279,121.97 | 21.530.307.28 | | 经营活动产生的现金流量净额 | 29,798,082.73 | -34,029,158.20 | | | 本报告期末 | 上年度末 | | 归属于上市公司股东的净资产 | 1.682.157,277.01 | 1.634.908.540.58 | 以8月22日收盘价计算，科兴制药目前市盈率（TTM）约为89.61倍，市净率（LF）约5.32倍，市销率（TTM）约6.65倍。 市盈率(TTM)历史分位(%) 100 ହି 90 80 73d69 70 60 50 40 30 20 10 0 2022-0 2n- 报告期内，公 ...

每经AI快讯，8月22日，世茂能源(605028.SH)发布风险提示公告，根据中证指数有限公司网站发布的数 据，截至2025年8月22日，公司所属中上协行业分类"D44电力、热力生产和供应业"最新市盈率18.38， 市净率1.6，公司最新市盈率27.53，市净率3.6，公司市盈率、市净率明显高于行业平均水平。 ...

世茂能源公告，公司股票于2025年8月19日、8月20日、8月21日连续3个交易日内日收盘价格涨幅偏离值 累计达到20%。8月22日，公司当日股票价格以涨停价收盘，公司股票价格连续4个交易日累计涨幅约 46.43%。公司提醒广大投资者注意投资风险，理性投资。同时，公司2025年第一季度实现营业收入 7727.25万元，同比下降16.14%；扣非后净利润2185.46万元，同比下降35.66%。此外，公司最新市盈率 27.53，市净率3.6，明显高于行业平均水平。 ...

Financial Performance - The total operating revenue for the current reporting period is approximately 1.046 billion yuan, an increase from 1.002 billion yuan in the same period last year, reflecting a growth rate of about 4.4% [1] - The net profit attributable to shareholders of the listed company is approximately 228 million yuan, up from 137 million yuan year-on-year, indicating a significant increase of about 65.8% [1] - The net profit after deducting non-recurring gains and losses is approximately 228 million yuan, compared to 134 million yuan in the previous year, also showing a growth of about 70.8% [1] - The basic and diluted earnings per share are both 0.51 yuan, an increase from 0.31 yuan in the previous year [1] - The weighted average return on equity is 7.58%, up from 5.05% year-on-year, indicating improved profitability [17] Cash Flow and Assets - The net cash flow from operating activities is approximately 2.309 billion yuan, significantly higher than 902 million yuan in the same period last year [1] - Total assets at the end of the current reporting period amount to approximately 18.406 billion yuan, an increase from 16.037 billion yuan at the end of the previous year [1] - Total liabilities have increased to approximately 15.338 billion yuan from 13.104 billion yuan, indicating a rise in leverage [1] Shareholder Structure - As of the end of the current reporting period, new shareholders include UBS AG, CITIC Securities Co., Ltd., and Huatai Securities Co., Ltd., replacing previous shareholders [31] - The largest shareholder, Fujian Ruida Holdings Co., Ltd., holds approximately 75.57% of the total share capital, with slight changes in the holdings of other major shareholders [32] Valuation Metrics - As of the closing price on August 19, the company's price-to-earnings (P/E) ratio (TTM) is approximately 22.35, the price-to-book (P/B) ratio (LF) is about 3.5, and the price-to-sales (P/S) ratio (TTM) is around 5.7 [1]

| 项目 | 本报告期 | 上年同期 | | | --- | --- | --- | --- | | 营业收入 | 4.356.718.521.52 | 3.713.306.223.24 | | | 归属于上市公司股东的净利润 | 558.584.609.82 | 365.987.563.79 | | | 归属于上市公司股东的扣除非 经常性损益的净利润 | 544.663.614.79 | 406,726,962.94 | | | 经营活动产生的现金流量净额 | 1,281,895,527.42 | 886,307,401.33 | | | 基本每股收益 | 0.26 | 0.17 | | | 稀释每股收益 | 0.26 | 0.17 | | | 加权平均净资产收益率 | 4.50% | 3.03% | | | 项目 | 本报告期末 | 上年度末 | 本报 | | 总资产 | 21,692,698,810.36 | 21.198.756,229.99 | | | 归属于上市公司股东的净资产 | 12.411.785.026.85 | 12,204,909,559.62 | | 以8月18日收盘价计算，宝新能源 ...

Group 1 - The Nikkei average index reached a new high of 43,714 points on August 18, up 336 points (0.77%) from the previous weekend, marking two consecutive days of record highs [2] - The market's price-to-book ratio (PBR) is approaching a high of 1.6 times for 2024, indicating a sustained bullish sentiment [2] - Investors are shifting towards relatively undervalued stocks due to the lack of clear buying opportunities [2] Group 2 - Despite expectations of market pressure after the previous week's highs, the market showed unexpected strength, with the Nikkei index briefly reaching 43,835 points [4] - The stocks driving the recent increase differ from previous trends, with retail stocks like J. FRONT RETAILING and Mitsukoshi Isetan, as well as automotive stocks like Suzuki, receiving strong buying support [4] - Bank stocks, which had previously surged due to expectations of interest rate hikes by the Bank of Japan, have seen significant pullbacks [4] Group 3 - The U.S. economy has not shown significant slowdown, and U.S. stock indices continue to reach new highs, which may influence Japanese market sentiment [5] - The average PBR of Nikkei index constituents is currently at 1.58 times, exceeding the peaks of 1.57 times observed in March and July 2024 [5] - There is a growing belief in the market that a PBR exceeding 1.6 times can be justified, indicating a shift in investor sentiment [5] Group 4 - Following the conclusion of Japan-U.S. tariff negotiations in late July, the upward trend in the Japanese stock market has strengthened [7] - Investors who previously lacked sufficient positions are now seeking relatively undervalued stocks, particularly during the traditionally low trading period of the Obon festival [7]