运营商财经网 实习生郑永杰 目前斑马智行的CEO是戴玮，他出生于1976年，1998年毕业于北京工业大学。 他于2007年加入阿里巴巴集团，历任淘宝、支付宝、OS事业群等多个职位，2016年阿里大文娱成立后 加入优酷，负责会员业务并建立运营中心，后出任橙狮体育CEO，2020年升任阿里巴巴大文娱事业群首 席运营官。 2024年4月起担任斑马智行首席执行官，同年7月获任董事。 斑马智行的首席产品官蔡明曾评价戴玮道："元宝（戴玮花名）在我们内部，属于是专打逆风局的角 色。" 但3年亏损40多亿的业绩好吗？这还值得夸耀？ 8月21日，阿里巴巴发布公告，称拟议分拆斑马网络技术股份有限公司并在香 港联交所主板独立上市。 运营商财经网注意到斑马智行已经连续亏损三年，具体情况是怎样呢？ 斑马曾为阿里巴巴的子公司，2024年12月阿里巴巴公告称斑马智行不再纳入集团合并报表范围。目前， 按照公告所公示数据，阿里巴巴仍持有斑马约44.72%的股份，拟议分拆完成后将持有超过30%的股份。 在斑马交递的招股书中可以看到，在2022年到2024年这三年里，斑马智行全年总营收分别约为8.05亿 元、8.72亿元、8.24亿元。同期亏损分 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002472 证券简称：双环传动 公告编号：2025-053 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 是否以公积金转增股本 □是 √否 公司经本次董事会审议通过的利润分配预案为：以公司权益分派实施时股权登记日总股本扣除公司回购 专户上已回购股份后的总股本为基数，向全体股东每10股派发现金红利1.80元（含税），送红股0股 （含税），不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 非标准审计意见提示 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 ■ 2、主要会计数据和财务指标 公司是否需追溯调整或重述以前 ...

Core Viewpoints - The company is expected to achieve a net profit attributable to shareholders of approximately 23.2 billion RMB in the first half of 2025, representing a year-on-year increase of 54% [1] - The company plans to spin off Zijin Gold International for a listing on the Hong Kong Stock Exchange, which may lead to a revaluation of its gold assets [1] - The acquisition of the Raygorodok gold mine in Kazakhstan is significant as it is a large open-pit mine with substantial resources and a long service life, enhancing the company's gold resource reserves [2] Event Summaries - The company announced a projected net profit of approximately 23.2 billion RMB for the first half of 2025, an increase of about 8.1 billion RMB compared to the same period last year, reflecting a 54% year-on-year growth [1] - On June 30, 2025, the company received notification from Zijin Gold International that it had submitted application materials for an initial public offering on the Hong Kong Stock Exchange, potentially accelerating the listing process [1] - The company signed an agreement on June 29, 2025, to acquire 100% equity of the Raygorodok gold mine project in Kazakhstan from Cantech, with the transaction valued at 1.2 billion USD based on a "cash-free, debt-free" principle as of September 30, 2025 [2]

Core Viewpoint - The company is expected to achieve significant profit growth in the first half of 2025, driven by increased production and favorable commodity prices, alongside strategic moves such as the planned spin-off of a subsidiary for listing in Hong Kong [1][3][5]. Group 1: Financial Performance - The company forecasts a net profit attributable to shareholders of approximately 232 billion yuan for the first half of 2025, an increase of about 54% compared to 151 billion yuan in the same period last year [1]. - For Q2 2025, the expected net profit is around 130 billion yuan, up 27% from 102 billion yuan in Q1 2025 [1]. - The net profit excluding non-recurring items is projected to be about 215 billion yuan, reflecting a 40% year-on-year increase from 154 billion yuan [1]. Group 2: Production and Commodity Prices - The company reported production figures for H1 2025: copper at 570,000 tons (+10% YoY), gold at 41 tons (+17% YoY), silver at 223 tons (+6% YoY), and zinc (lead) at 200,000 tons (-9% YoY) [2]. - The average price of gold in Q2 was 770.46 yuan/g, a 15% increase from the previous quarter and a 39% increase year-on-year, while the average copper price was 78,102 yuan/ton, up 0.86% quarter-on-quarter [2]. Group 3: Strategic Initiatives - The company plans to spin off its subsidiary, Zijin Gold International, for a listing on the Hong Kong Stock Exchange, which includes eight world-class gold mines with a total gold reserve of 697 tons and a resource amount of 1,800 tons [3]. - The acquisition of the RG gold mine project for 1.2 billion USD is expected to enhance the asset scale and profitability of Zijin Gold International, further solidifying its position in the global market [4]. Group 4: Profit Forecast - The company anticipates net profits of 452 billion yuan, 505 billion yuan, and 568 billion yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 41%, 12%, and 12% [5].

Group 1 - IFBH, the parent company of coconut water beverage brand "if," is set to launch its IPO from June 20 to June 25, 2025, with a listing date on June 30, 2025 [3][4] - The total number of shares to be issued is 41,666,800, with a price range of HKD 25.30 to HKD 27.80 per share, aiming to raise approximately HKD 10.54 billion to HKD 11.58 billion [4][5] - The company plans to allocate approximately 30% of the net proceeds to enhance warehousing and distribution capabilities, 22% for brand building, and 13% to strengthen its market position in mainland China and expand into Australia, the Americas, and Southeast Asia [8] Group 2 - IFBH's shareholder structure post-IPO indicates that Pongsakorn Pongsak holds a combined 65.51% stake, with General Beverage owning 60% [9] - The company has secured 11 cornerstone investors who have collectively subscribed for shares worth approximately USD 39.5 million (around HKD 310 million) [5][8] - IFBH is recognized as the leading coconut water beverage brand in mainland China, holding a market share of approximately 34% in 2024, and is also the top brand in Hong Kong with a market share of about 60% [9][8]

Meeting Announcement - The company will hold its first extraordinary shareholders' meeting on June 26, 2025 [1] - The meeting will utilize a combination of on-site and online voting methods [1][2] - The location for the on-site meeting is at the Zhonghang Zijin Plaza, Xiamen, Fujian Province [1] Voting Procedures - Online voting will be conducted through the Shanghai Stock Exchange's shareholder meeting voting system, available from 9:15 AM to 3:00 PM on the meeting day [1][2] - Shareholders with multiple accounts can aggregate their voting rights across all accounts [3][4] Agenda Items - Key agenda items include the proposal for the spin-off of the subsidiary Zijin Gold International Co., Ltd. to be listed on the Hong Kong Stock Exchange [1][2] - The meeting will also discuss the feasibility and legality of the spin-off, as well as the authorization for the board to handle related matters [1][2] Shareholder Participation - Shareholders registered by the close of trading on the record date are entitled to attend the meeting [4][5] - The company will provide reminders to shareholders via SMS to ensure participation [3] Additional Information - Shareholders are responsible for their own travel and accommodation expenses [5] - The meeting is expected to last half a day [5]

Core Viewpoint - Zijin Mining plans to spin off its subsidiary, Zijin Gold International, for listing on the Hong Kong Stock Exchange, with net assets exceeding 20 billion yuan [1][2]. Group 1: Spin-off Details - The spin-off involves restructuring and integrating multiple overseas gold mining assets into Zijin Gold International, which was established in October 2007 and focuses on gold exploration, mining, processing, and sales [2]. - After the spin-off, the shareholding structure of Zijin Mining will remain unchanged, and it will maintain control over Zijin Gold International [2]. Group 2: Financial Projections - As of the end of 2024, Zijin Gold International is projected to have net assets of approximately 21.1 billion yuan, with expected operating revenue of about 21.27 billion yuan and net profit of around 4.46 billion yuan [3]. Group 3: Mining Assets - The assets to be spun off include eight world-class gold mines located in South America, Central Asia, Africa, and Oceania, with the largest being the Buritica Gold Mine [4][6]. - The Buritica Gold Mine has a resource amount of 333.09 tons and an annual production capacity of approximately 10,030 kilograms, making it the largest gold mine in Colombia [5][8]. Group 4: Uncertainties - There is uncertainty regarding the injection of the Buritica Gold Mine into Zijin Gold International due to ongoing illegal mining activities and a lack of comprehensive security protection from the Colombian government [9][10]. - The company has initiated arbitration with the World Bank's International Centre for Settlement of Investment Disputes to assert its rights concerning the Buritica project [9].

Group 1 - The company Midea Group will hold its annual shareholders' meeting on May 30, 2025, with online voting on the same day [1] - The record date for shareholders to participate in the voting is May 23, 2025 [1] - The meeting will take place at Midea's headquarters in Shunde, Guangdong Province [1] Group 2 - A total of 41 proposals will be audited at the shareholders' meeting, including the 2024 annual financial statements and profit distribution plan [2] - Proposals include a three-year shareholder return plan for 2025-2027 and a plan for repurchasing A-shares [2] - The meeting will also address the spin-off of the subsidiary, Ande Intelligent Supply Chain Technology Co., Ltd., for a public listing in Hong Kong [3][4]

Summary of the Conference Call on Zijin Mining's Overseas Spin-off Company Overview - **Company**: Zijin Mining - **Industry**: Mining, specifically gold mining Key Points and Arguments 1. **Spin-off Strategy**: Zijin Mining plans to spin off its overseas gold business for a listing on the Hong Kong Stock Exchange, aiming to create a world-class gold company with a target of 100 tons of gold production by 2028, enhancing overall company valuation and investor returns [1][2][3] 2. **Market Conditions**: The spin-off is a long-term strategy influenced by rising gold prices and favorable national policies encouraging mining companies to acquire resources overseas [1][4] 3. **Financial Projections**: By 2025, Zijin Mining expects its overseas gold mines to produce 45 tons of gold, generating a net profit of at least 7 to 8 billion RMB, with the new subsidiary potentially valued at over 150 billion RMB based on market estimates [1][5][6] 4. **Capital Market Flexibility**: The new subsidiary will have greater flexibility for capital market financing and acquisitions, minimizing dilution of the parent company's shares, which aligns with investor interests [1][4][6] 5. **Focus on Quick Returns**: Zijin Mining is cautious about long-term projects and prefers assets that can be quickly developed or are currently undervalued, emphasizing projects that are either in production or nearing production [1][7] 6. **Investment Returns**: The company has achieved approximately 20 billion RMB in investment returns through strategic stakes in quality listed companies, enhancing management capabilities and investment value [2][8] 7. **Cost Management**: The overall cost of overseas mines is higher than the company average but remains manageable, with environmental costs stable at around 250 USD per ounce [10] 8. **Project Updates**: The company is making progress on various projects, including the Zange project and the Tibet copper mine, with expectations for production to commence by the end of 2026 [13][16] Additional Important Information - **Regulatory Constraints**: Domestic gold assets cannot be spun off due to regulatory restrictions [14] - **Market Positioning**: The spin-off is expected to optimize the company's structure and enhance shareholder value for both A-share and H-share investors [2][4] - **Management Adjustments**: Recent management changes have been made to improve operational efficiency, particularly in the Kamoa-Kakula project [11] This summary encapsulates the strategic direction, financial expectations, and operational focus of Zijin Mining as discussed in the conference call, highlighting the company's commitment to enhancing its market position through strategic spin-offs and investments.

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the information disclosed in the quarterly report, with no false records or misleading statements [2][8] - The first quarter report has not been audited [3][7] - The company has made retrospective adjustments to previous accounting data due to the implementation of new accounting standards, affecting the classification of warranty fees [3] Group 2 - The company reported significant revenue growth in its segments: New Energy and Industrial Technology at 11.1 billion yuan (up 45% year-on-year), Intelligent Building Technology at 9.9 billion yuan (up 20%), and Robotics and Automation at 7.3 billion yuan (up 9%) [3] - The company plans to split its subsidiary, Ande Intelligent Supply Chain Technology Co., Ltd., for listing on the Hong Kong Stock Exchange, which is expected to enhance operational independence and focus on core business areas [9][11][17] - The split is seen as beneficial for both the company and the subsidiary, allowing for better market positioning and potential growth opportunities [39][45] Group 3 - The company has confirmed that it meets the requirements for the split under the relevant regulations, including continuous profitability over the last three years and compliance with asset and profit thresholds [19][20][22] - The split is expected to improve the subsidiary's financing capabilities and operational efficiency, ultimately benefiting the overall financial health of the company [39][48] - The company will maintain its control over the subsidiary post-split, ensuring that related transactions remain compliant and fair [34][35]