Core Viewpoint - Lianhua Holdings has announced a significant increase in net profit for the first half of 2025, projecting a year-on-year growth of over 50%, yet has not issued any dividends despite strong performance [1][2]. Group 1: Financial Performance - For the first half of 2025, Lianhua Holdings expects a net profit between 160 million to 170 million yuan, representing a year-on-year increase of 58.67% to 68.59% [2]. - The company achieved a net profit of 130 million yuan in 2023, marking a year-on-year growth of 181.26%, and 203 million yuan in 2024, with a growth of 55.92% [2]. - The revenue for 2023 was 2.101 billion yuan, up 24.23%, and for 2024, it was 2.646 billion yuan, an increase of 25.98% [2]. Group 2: Product Development and Strategy - The high growth in 2025 is attributed to the successful development and sales of new products, with several new offerings like Matsutake Fresh and Premium Brewed Soy Sauce seeing revenue growth exceeding 100% [2]. - Lianhua Holdings underwent significant strategic changes post-restructuring in 2019, focusing on governance, credit repair, strategic restructuring, and product innovation [3]. - The company launched a "Brand Revival Strategy" in 2022, emphasizing youthfulness, digitalization, internationalization, and innovation [3]. Group 3: Stock Performance - Following its restructuring, Lianhua Holdings' stock price has seen substantial growth, with a peak increase of over six times from its lowest point in 2019 [4]. - The stock price reached a high of 8.24 yuan in 2023, with a dynamic price-to-earnings ratio exceeding 160 times [4]. - As of July 11, 2025, the closing price was 6.23 yuan, with a dynamic P/E ratio of 43.94 times [4]. Group 4: Dividend Policy - Lianhua Holdings has only issued cash dividends once since its listing in 1998, in 2001, and has not distributed dividends since its restructuring in 2019 [6][7]. - The company's retained earnings have remained negative since 2010, with a deficit of 1.32 billion yuan in 2010 and worsening to 1.176 billion yuan by 2024 [6][7]. - The company's dividend policy stipulates that dividends can only be distributed if there are positive retained earnings, making short-term dividends unlikely [7].

据"美团Meituan"公众号7月10日消息，当地时间7月8日，国务院总理李强在里约热内卢出席在巴西中资 企业座谈会。美团出海业务Keeta负责人仇广宇作为互联网企业代表参加座谈会。 仇广宇表示，Keeta将致力于打造可持续发展业务，为消费者带来更丰富的消费选择，并助力本地创造 更多就业机会。美团及Keeta在提升商户与骑手数字技能方面的经验，将有效用于改善经营状况与个人 生计。无论是美团还是Keeta，我们都坚信，在消费者获得更优体验的同时，平台上的每一位参与者都 应当实现共同成长。 金砖国家工商论坛是金砖国家领导人会晤的重要配套活动，其宗旨是促进金砖国家工商界对话磋商、深 化经贸合作、表达新兴国家工商界声音。今年论坛共有金砖国家1000余名工商界代表参与。 李强总理在座谈会上表示，这些年，中国企业"走出去"步伐加快、国际化经营能力增强，对国内经济建 设的重要性也在日益上升。 2025年5月12日，巴西总统卢拉与美团CEO王兴会面，并见证巴西出口投资促进局（ApexBrasil）与 Keeta签署投资协议。美团将在今年正式将旗下外卖服务Keeta引入巴西，并计划5年内在巴西投入10亿 美元支持该项目的发展。 ...

提供紧凑型与标准机架型双系列形态，适应不同部署场景与容量需求。 值得一提的是，FR-WIST系列产品已顺利通过南方电网与国家电网电力科学研究院的检测认证，充分验证了其 在电力行业严苛标准下的技术可靠性与工程适用性。 面向全过程应用场景的灵活部署 在过程层，FR-WIST系列交换机支持现场合并单元、保护测控设备、故障录波器等装置的高速数据交互，确保 控制命令和实时采样数据的稳定上送；在站控层，FR-WIST机架式产品提供高密度端口与高性能转发能力，便 于将全站数据统一汇聚至调度平台或主控系统，实现远程管理与智能调度。 随着新型电力系统加快建设，变电站作为电力输配系统的重要枢纽，其智能化、数字化水平正不断提升。在这 一过程中，稳定、高效的通信系统成为支撑变电站自动化运行的关键基础设施。其中，具备强抗干扰能力、高 可靠性及适应极端工业环境能力的工业以太网交换机，已逐渐取代传统通信设备，成为站内通信网络的核心组 成部分。 光路科技FR-WIST系列工业交换机 光路科技（Fiberroad）作为工业通信领域的技术型企业，针对电力行业的特殊需求，推出了FR-WIST系列工业 交换机，专为变电站自动化场景量身打造，已在多地 ...

银行股午后跳水。 A股今日(7月11日)一度冲高，三大股指盘中均涨超1%，沪指续创年内新高，但午后受银行股拖累，三 大股指快速回落；港股两大股指盘中均涨约2%，午后涨幅亦有所收窄。 具体来看，沪指盘中在券商、保险等板块的带动下强势上扬，一度涨超1%，午后逐渐回落；科创50指 数盘中涨超2%。截至收盘，沪指微涨0.01%报3510.18点，深证成指涨0.61%报10696.1点，创业板指涨 0.8%报2207.1点，科创50指数涨1.48%，沪深北三市合计成交17369亿元，较此前一日增加逾2200亿元。 场内超2900股飘红，券商板块领涨，中银证券（601696）斩获两连板，哈投股份（600864）、中原证券 （601375）涨停；稀土板块爆发，奔朗新材30%涨停创历史新高，包钢股份（600010）、北方稀土 （600111）、中国稀土（000831）等均涨停；创新药概念拉升，凯莱英（002821）、药明康德 （603259）涨停，常山药业（300255）涨超15%；数字货币概念再度活跃，古鳌科技（300551）、金证 股份（600446）、吉大正元（003029）等涨停。值得注意的是，近期强势的银行股午后突 ...

在全球汽车产业加速向电气化转型的背景下，混合动力车型正成为传统燃油车与纯电动车之间的关键过渡产品。而作为混动系统的"血液调 控中枢"，电子油泵技术悄然成为新一轮技术竞赛的焦点。据WiseGuy Reports最新数据，2023年全球车用电子油泵市场规模已达47.8亿美元， 预计2030年将突破92亿美元，年复合增长率达9.7%。这一快速增长的市场背后，是各国排放法规的持续加码——欧盟"欧七"标准要求2030年新 车碳排放较2021年再降55%，中国"国六b"标准亦将颗粒物排放限值收紧至0.003克/公里。 国际巨头如博格华纳、大陆集团长期主导电子油泵市场，但其海外生产基地受供应链限制，交货周期已延长至6-8个月。这为中国供应链提供了替 代机遇。值得注意的是，中国团队的技术路径呈现出鲜明特色：南京航空航天大学将航空领域的超螺旋算法引入油泵控制，动态响应速度提升40%；意 沃汽车研发的高压防反保护电路，将电控系统抗干扰能力提高至ISO 7637-2标准最高等级。而刘铧屿团队的云计算架构方案，则通过边缘计算+云端分 析的混合模式，显著降低了车载ECU的运算负载。 "电子油泵不是简单的机械替代，而是智能化的能源管理节 ...

银行股午后跳水。 A股今日（7月11日）一度冲高，三大股指盘中均涨超1%，沪指续创年内新高，但午后受银行股拖累，三大股指快速回落；港股两大股指盘中均涨约2%，午 后涨幅亦有所收窄。 具体来看，沪指盘中在券商、保险等板块的带动下强势上扬，一度涨超1%，午后逐渐回落；科创50指数盘中涨超2%。截至收盘，沪指微涨0.01%报3510.18 点，深证成指涨0.61%报10696.1点，创业板指涨0.8%报2207.1点，科创50指数涨1.48%，沪深北三市合计成交17369亿元，较此前一日增加逾2200亿元。 场内超2900股飘红，券商板块领涨，中银证券斩获两连板，哈投股份、中原证券涨停；稀土板块爆发，奔朗新材30%涨停创历史新高，包钢股份、北方稀 土、中国稀土等均涨停；创新药概念拉升，凯莱英、药明康德涨停，常山药业涨超15%；数字货币概念再度活跃，古鳌科技、金证股份、吉大正元等涨停。 值得注意的是，近期强势的银行股午后突然跳水，浦发银行、江苏银行、中国银行等均跌超2%。 港股方面，南华金融涨超100%，凯莱英涨约13%，康龙化成、药明康德涨约10%；耀才证券跌近7%。 稀土板块爆发 稀土板块盘中大幅飙升，截至收盘， ...

Group 1 - The digital currency concept index rose by 2.31%, ranking 10th among concept sectors, with 78 stocks increasing in value [1][2] - Notable gainers included Gu Ao Technology with a 20% limit up, and Jin Zheng Co., Ji Da Zheng Yuan, and Heng Bao Co. also hitting the limit up [1] - The sector saw a net inflow of 3.174 billion yuan, with 50 stocks receiving net inflows, and 15 stocks exceeding 100 million yuan in net inflow [2] Group 2 - The top net inflow stocks included Heng Bao Co. with 470 million yuan, followed by Jin Zheng Co. and Yu Xin Technology with 453 million yuan and 435 million yuan respectively [2][3] - Gu Ao Technology, Ji Da Zheng Yuan, and Ge Er Software had the highest net inflow ratios at 33.76%, 21.20%, and 16.52% respectively [3] - The digital currency sector's performance was supported by significant trading volumes, with Heng Bao Co. and Jin Zheng Co. showing high turnover rates of 45.74% and 16.10% respectively [3][4]

据新华社，中共中央政治局常委、国务院副总理丁薛祥11日上午在天津出席2025上合组织数字经济论坛 开幕式并发表主旨讲话。丁薛祥强调，面对数字化带来的机遇和挑战，要加快落实上合组织成员国元首 理事会有关重要共识和《全球数字契约》，携手迈向更加美好的"数字未来"。 ...

Group 1 - The core viewpoint is that AI and digitalization are reshaping the global healthcare system, with digital healthcare being the future of medical health [1][2] - Yuan Yi Capital, established in 2016, focuses on early-stage investments in digital healthcare technology, having invested in over 70 companies with a total management scale exceeding 30 billion RMB [1][2] - The 2024 China Digital Healthcare Innovation Development Blue Book indicates that digital healthcare is an emerging field created by the integration of digital technology and medical scenarios, optimizing the entire diagnostic process [2][3] Group 2 - In the U.S. market, digital healthcare is a mainstream investment area, with AI and digitalization-related projects accounting for 50% of the top 100 financing deals in 2024 [3] - The evolution of medical models is driven by technology, transitioning from reliance on doctors' experience to data-driven personalized treatment and comprehensive management [3][5] - The rapid development of digital healthcare is attributed to the inefficiencies in the current healthcare system, which leads to insufficient supply and rising costs [3][5] Group 3 - Generative AI is seen as a golden opportunity in the healthcare sector due to strong demand, a large market, and high barriers to entry [5][6] - Generative AI can enhance various aspects of the healthcare ecosystem, including improving diagnostic efficiency for doctors and transforming hospital management [5][6] - A survey indicates that 90% of doctors find AI tools trustworthy, with over half willing to inform patients about AI's involvement in their treatment [6] Group 4 - Yuan Yi Capital identifies two types of innovative opportunities brought by generative AI: infrastructure development for traditional sectors and specialized AI applications in specific disease areas [6] - The focus on specialized AI applications is seen as a trillion-scale new market that can drive high-quality, low-cost personalized medical services [6]

民生证券股份有限公司 关于宁波卡倍亿电气技术股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 保荐机构（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 二零二五年六月 宁波卡倍亿电气技术股份有限公司 上市保荐书 声 明 民生证券股份有限公司（以下简称"保荐机构"、"本保荐机构"）作为宁波 卡倍亿电气技术股份有限公司（以下简称"卡倍亿"、"发行人"或"公司"）宁 波卡倍亿电气技术股份有限公司向不特定对象发行可转换公司债券（以下简称 "本次发行"）的保荐机构，本保荐机构及其指派的保荐代表人已根据《中华人 民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简 称"《证券法》"）、 《上市公司证券发行注册管理办法》 《证券发行上市保荐业务管 理办法》等法律法规和中国证券监督管理委员会（以下简称"中国证监会"）及 深圳证券交易所有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则 和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 本上市保荐书中如无特别说明，相关用语具有与《宁波卡倍亿电气技术股份 有限公司向不特定对象发行可转换公司债券募集说明书》中相同的 ...