8月26日晚间，东鹏控股（003012）发布《2025年半年度报告》。报告期内，公司实现营业收入29.34亿 元，其中，瓷砖大零售渠道收入同比增长5.94%；工程业务因采取稳健发展策略，使得营业收入同比略 有下滑。公司运营质量及回款能力持续增强，归属于上市公司股东的净利润2.19亿元，同比增长 3.85%；经营活动产生的现金流量净额提升至4.37亿元，同比增长92.99%。 报告期内，公司持续深化全价值链精益运营，积极推进降本增效。通过数字化和AI技术，不断提升经 营效率；制造成本进一步降低，销售与管理费用率同比下降1.60个百分点。公司财务结构保持稳健，资 产负债率为34.11%，较上年末下降2.18个百分点。在市场竞争加剧的背景下，公司销售毛利率仍保持稳 定，与去年同期基本持平。 在研发创新、绿色发展及社会责任方面，公司获工业和信息化部评为建陶行业唯一的"绿色供应链管理 企业"，清远、丰城和重庆三大生产基地入选国家级"绿色工厂"，获评"广东省能效对标工作先进单 位"及"中国建筑材料流通协会高质量发展引领者"。公司坚持研发创新，获得"中国轻工业联合会科学技 术进步奖一等奖""建筑材料科学技术进步奖二等奖"" ...

此单债券是国康增信继成功发行我市首单科技创新公司债券、华北地区首单中小微支持债券之后，围绕科技金融、绿色金融支持实体开展的又一生动实 践。 8月21日，天津国康信用增进有限公司（以下简称"国康增信"）成功发行天津市首单可持续挂钩公司债券，金额3亿元，期限3年。票面利率2.5%，融资成 本再创新低。 国康增信作为域内综合金融服务商，不断挖掘自身专业优势和业务禀赋，创新打造多元化金融产品。国康增信协同中诚信绿金，在此单债券中设置可持续 发展指标：截至2026年末，增信、投资、保理等主业板块累计开展绿色产业领域业务规模不低于5.3亿元。债券的顺利低价发行，展现了市场投资人对发 行主体和此类型债券的关注及认可。 稿 件来源：津智资本 "天津国资 "整理发布 转载请注明 "天津国资 " ...

新华社北京8月26日电 全国人大常委会委员长赵乐际26日下午在人民大会堂同瑞士联邦议会联邦院议 长卡罗尼举行会谈。 赵乐际说，中瑞建交75年来，两国关系稳健发展，生动诠释了"平等、创新、共赢"的合作精神。中方愿 同瑞方一道，以建交75周年为契机，落实好两国领导人重要共识，推动中瑞创新战略伙伴关系不断向前 发展。 赵乐际表示，今年中瑞高层往来密切，希望保持这一良好势头，用好各领域交流机制，加深对彼此国情 和内外政策的了解，进一步增进战略互信。台湾问题是中国核心利益中的核心，希望瑞方恪守一个中国 原则，支持中方为实现国家统一所作的努力。中瑞自贸协定生效以来，对促进双边投资贸易增长发挥了 重要作用，希望双方加快推进协定升级谈判，进一步做大两国经贸合作蛋糕，加快培育人工智能、机器 人、无人机等新兴领域合作增长点。中方愿同瑞方共同维护多边贸易体制和产业链供应链稳定畅通，维 护开放合作的国际环境。以世界反法西斯战争胜利和联合国成立80周年为契机，加强多边协作，维护世 界和平稳定，携手推动构建人类命运共同体。 赵乐际指出，中国全国人大愿同瑞士联邦议会一道，加强立法机构高层、专门委员会、双边友好小组、 人大代表和议员之间的友 ...

Iochpe-Maxion (MYPK3) 2025 Investor Day August 26, 2025 08:00 AM ET Company ParticipantsPieter Klinkers - President & CEOMark Gerardts - CEO - Maxion WheelsModeratorHello and good morning. Thank you very much for attending this event and thank you very much for following everything online. We are now going to start another Investor Day for Yoshpi Maxeon. It's with great joy that we host you here today. It's a great opportunity for us to advance along with the company and establish this relationship with all ...

赵乐际表示，今年中瑞高层往来密切，希望保持这一良好势头，进一步增进战略互信。台湾问题是中国 核心利益中的核心，希望瑞方恪守一个中国原则，支持中方为实现国家统一所作的努力。希望双方加快 推进自贸协定升级谈判，进一步做大两国经贸合作"蛋糕"。共同维护多边贸易体制和产业链供应链稳定 畅通，加强多边协作，携手推动构建人类命运共同体。 卡罗尼表示，中国是世界经济和全球治理的重要参与者，是瑞士的重要伙伴，两国关系具有战略意义。 瑞中建交75年来，双方始终坚持相互尊重，在广泛领域开展了富有成果的合作。瑞士坚持一个中国政 策，瑞士联邦院愿加强同中国全国人大的友好交往，促进两国经济、科技、人文、旅游、地方等领域合 作，推动自贸协定升级谈判，加强两国人民之间的相互了解和友谊。 赵乐际指出，中国全国人大愿同瑞士联邦议会一道，加强立法机构高层、专门委员会、双边友好小组、 人大代表和议员之间的友好往来，发挥自身特点和优势，推动各领域交流合作，为中瑞关系发展提供助 力。 肖捷参加会谈。 央视网消息（新闻联播）：全国人大常委会委员长赵乐际26日下午在人民大会堂同瑞士联邦议会联邦院 议长卡罗尼举行会谈。 赵乐际介绍了中国坚持创新、协调、绿色 ...

Core Viewpoint - Lingxiong Technology (02436) reported a strong performance for the six months ending June 30, 2025, with revenue of RMB 1.117 billion, representing a year-on-year increase of 18.47% and a turnaround to profit with a net profit attributable to shareholders of RMB 5.655 million, resulting in a basic earnings per share of RMB 0.02 [1] Group 1 - The company achieved a turnaround to profitability due to continuous expansion of service scale, implementation of refined expenditure management measures, process optimization, and digital enhancements to operational efficiency [1] - The company received industry recognition and policy support, highlighting the strategic value of its integrated circular business model [1] Group 2 - In January 2025, the company was selected as one of the second batch of national-level service industry standardization pilot enterprises, affirming its leadership in establishing industry benchmarks for standardized, high-quality equipment lifecycle management solutions [1] - In April 2025, the company was recognized as one of the first batch of pilot enterprises for second-hand goods circulation, a significant policy initiative aimed at promoting resource conservation and environmental protection, further reinforcing its role in sustainable development and IT equipment reuse [1] - In July 2025, the company was awarded the title of "Gazelle Enterprise" in Shenzhen, showcasing its strong innovation capabilities, rapid growth, and significant industry development potential [1]

Core Viewpoint - The company has established a fundraising management system to regulate the use and management of raised funds, enhance their effectiveness, and protect investors' rights [1][2]. Group 1: Fundraising Management - The funds raised are defined as those obtained through the issuance of stocks or other equity-like securities, excluding funds raised for equity incentive plans [2]. - The company must use the raised funds specifically for their intended purposes, aligning with national industrial policies and sustainable development principles [2][3]. - The board of directors is responsible for continuously monitoring the management and use of raised funds to prevent investment risks and ensure safety [3][4]. Group 2: Fund Storage and Usage - The company is required to open a special account for the raised funds, ensuring that these funds are not mixed with other funds or used for unrelated purposes [4][5]. - Upon receipt of the funds, the company must complete verification procedures and sign a tripartite supervision agreement with the sponsor and the bank [5][6]. - The company can manage temporarily idle raised funds through cash management, ensuring that such management does not affect the normal progress of investment plans [8][9]. Group 3: Project Feasibility and Adjustments - If a fundraising project encounters significant changes in market conditions or is delayed for over a year, the company must reassess its feasibility and disclose any necessary adjustments [6][7]. - The company is prohibited from using raised funds for financial investments or providing them to related parties for improper benefits [7][8]. - Any changes in the use of raised funds must be approved by the board and disclosed to shareholders [12][13]. Group 4: Reporting and Supervision - The company must accurately disclose the actual use of raised funds and report any significant deviations from the investment plan [14][15]. - An annual audit must be conducted by an accounting firm to verify the management and use of raised funds, with findings disclosed in the annual report [15][16]. - The company and its related parties will face consequences for violations of the fundraising management system [31].

Core Insights - Blue Moon has been a companion to countless Chinese families for 33 years, focusing on cleaning needs and responding to consumer demand through innovation and product expansion [1] - The brand has established emotional connections with consumers through product innovation, starting from kitchen cleaners to hand sanitizers, and has successfully replaced traditional soap with hand sanitizers in the market [2][4] - Blue Moon has consistently captured market opportunities, such as launching deep-cleaning laundry detergent in 2008 when laundry liquid only accounted for 4% of the market, leading to a significant shift in consumer habits [4] - The introduction of concentrated laundry detergent in 2015 marked a pivotal moment, with the market share of concentrated products in developed countries exceeding 98%, while in China it was below 4% [5] - The company has maintained a strong commitment to research and innovation, leading to the launch of the Supreme Biotech Laundry Liquid in 2024, which offers multiple functionalities and meets diverse consumer needs [5][6] Product Innovation and Market Strategy - Blue Moon's journey began with the launch of its powerful kitchen cleaner, which laid the foundation for its future product lines [2] - The brand's marketing strategies, including innovative promotions and channel expansion, have been crucial in establishing its presence in the market [4] - The company has achieved remarkable growth, with revenue increasing from 400 million RMB in 2007 to 4.3 billion RMB in 2015, reflecting a compound annual growth rate of 49% [5] Social Responsibility and Community Engagement - Blue Moon integrates social responsibility into its core operations, responding promptly to societal needs, such as donating 5 million RMB for earthquake relief efforts in Tibet [7] - The company has launched initiatives like the "Beautiful Countryside, Clean Family" project, which has reached nearly 100,000 rural households, promoting hygiene awareness [7][8] - Blue Moon has been recognized as an "Annual Responsible Brand" for ten consecutive years, reflecting its commitment to social value and community support [8] Future Outlook - As consumer cleaning needs continue to evolve, Blue Moon aims to leverage research and innovation while adhering to sustainable development principles to enhance the quality of life for families [8]

21世纪经济报道记者易佳颖 实习生王野 "阿迪达斯实现了99%的聚酯纤维都是可再生的聚酯纤维。"吴亮介绍道，"此外，我们还在中国推动了 很多合作伙伴的节能减排工作，包括废弃煤作为主要的燃料，鼓励它们用更好的清洁能源。"早在两年 前，阿迪达斯在《2023年大中华区可持续发展报告》披露，自2022年，阿迪达斯禁止供应商新增燃煤设 备，2023年完成48台燃煤锅炉改造（使用生物质/天然气），6家供应商完全弃煤。预计2025年全面淘汰 燃煤锅炉，减碳29.7万吨。如果阿迪达斯想要在2050年实现净零排放，"必须让我们的供应商和我们携 手并进才可以。" 更进一步的是，如何让环保切实进入消费环节？"能够让消费者毫无负担的选择我们的环保的产品才是 最重要的。"对此，吴亮直言，这意味着必须跨越三重障碍：消除成本溢价、超越传统产品性能、将环 保行为自然嵌入消费场景。"我们希望能够消费者在选择阿迪达斯的时候本身就选择了一个可持续的生 活方式和运动方式。" 以阿迪达斯的门店运作为例，去年推出了一个环保袋的项目：将阿迪达斯消费者退货或者是不太达标的 服装用物理的方式打碎，织成布，做成环保袋，这个原先只是在员工内部试水的项目却广受消费 ...

证券研究报告 纺织服饰 | 纺织制造 非金融|公司点评报告 周宸宇 zhouchenyu@huayuanstock.com 市场表现： | 基本数据 | 2025 | 年 | 月 25 | 日 | | | | 08 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | | | | | 11.18 | | 内 最 低 | | | | | 高 | | | | 15.28/10.41 | | （元） | | | | | | | | | | | 总市值（百万元） | | | | | | | | | 13,068.19 | | 流通市值（百万元） | | | | | | | | | 11,365.74 | | 总股本（百万股） | | | | | | | | | 1,168.89 | | 资产负债率（%） | | | | | | | | | 36.14 | | 每股净资产（元/股） | | | | | | | | | 3.76 | | 资料来源：聚源数据 | | | | | | | | | | | 年 | ...