Group 1 - The report by Goldman Sachs predicts that by the end of 2025, Chinese onshore and offshore listed companies will distribute a total of 3 trillion RMB in dividends, reaching a historical high [1][2] - In 2024, over 4,300 Chinese companies listed in mainland China, Hong Kong, and the United States are expected to distribute 2.7 trillion RMB in dividends, with a projected 10% increase to 3 trillion RMB in 2025 [2][3] - The increase in dividend payouts is largely driven by national policy guidelines encouraging companies to distribute dividends to enhance investor confidence, as outlined in the new "National Nine Articles" released in April 2024 [2][3] Group 2 - Following the implementation of the new "National Nine Articles," over 200 companies have distributed dividends for the first time since 2020, and 1,080 companies listed in mainland China paid interim or special dividends in 2024 [3] - The dividend payout ratio for Chinese listed companies reached 39% last year, up from 37% in 2023 and above the ten-year average of 31% [3] - Companies in traditional sectors such as finance, energy, telecommunications, and utilities are more likely to use dividends as a primary method of returning capital to shareholders [3] Group 3 - The report highlights that the current yield on 10-year Chinese government bonds has dropped to a record low of 1.64%, making generous dividend payouts from listed companies attractive to investors seeking higher returns compared to bonds [3] - It is noted that if listed companies allocate 10% of total cash expenditures to dividends or buybacks, it could enhance company valuations by 14% on average [3] - If the dividend payout ratio of Chinese listed companies reaches the average levels seen in Asia and Europe, the valuations of mainland Chinese stocks could increase by 15% to 25% over the next decade [3]

以下文章来源于并购最前线 ，作者吴琼 并购最前线 . 投资界（PEdaily.cn）旗下，专注并购动态 这笔收购筹划已久。 欢迎加入投资界读者群 「并购最前线」系投资界旗下专注并购动态报道公众号，欢迎关注！ 颜值经济。 作者 I 吴琼 报道 I 投资界-并购最前线 投 资 界 获 悉 ， 近 日 爱 美 客 发 布 公 告 ， 公 司 已 控 股 韩 国 公 司 REGEN Bi o t e c h,I nc . （ 简 称"REGEN"），并已将其纳入公司合并报表范围。此前，爱美客通过控股子公司爱美客 国际收购REGEN85%的股权，交易价格为1.9 0亿美元（折合人民币约13.86亿元）。 此次被收购方REGEN，旗下产品艾塑菲在医美圈颇受欢迎，被外界称为"童颜针"，尽管 一支针剂上万元，却依然让众多爱美人士趋之若鹜。2 024年 正式 在国内上市销售，仅 两个月便卖出约两万支。 而 买 方 爱 美 客 ， 早 年 间 在 创 始 人 简 军 的 带 领 下 ， 以 玻 尿 酸 起 家 ， 如 今 也 看 上 了 这 门 生 意。 玻尿酸女王操刀 14亿买下"童颜针" 今年3月，爱美客发布公告，收购韩国R ...

半导体上市潮。 投资界消息，今天（7月8日），北京屹唐半导体科技股份有限公司（简称"屹唐股份"） 正式在科创板上市，发行价格为8.45元/股，开盘大涨超20 0%，市值一度突破77 0亿，后 回落至60 0亿。 此次IPO，屹唐以24 . 9 7亿元募资额位列北京地区第一。 屹唐股份身后，北京国资坐镇。9年前，在亦庄国投的支持下，半导体专家陆郝安博士带 领屹唐打响半导体设备跨国并购的第一枪，屹唐由此开启产业破局之旅，在国际市场闯出 名堂。 此前，屹唐经历一场漫长的上市征途。如今成功IPO，标志着国产半导体上市潮拉开序幕 ——长鑫存储、紫光展锐、上海超硅、摩尔线程、沐曦集成、粤芯半导体. ... . 所有人都在 争抢这个宝贵的IPO窗口 。 作者 I 杨继云 报道 I 投资界PEdaily 北京一个超级IPO诞生了。 始于一场跨国并购 他临危受命 屹唐半导体的故事，始于当年一场震动业界的并购案。 2 0 1 6年5月，硅谷，中国半导体设备国际并购案第一单落定——在北京亦庄国投的主导 下，屹唐盛龙以约3亿美元的总价，成功买下硅谷的半导体设备公司Ma tts on Te c hn ol o g y （MTI），这是 ...

从市场运行节奏看，沪指突破五、六月份的震荡小箱体，重心上移一个台阶。沪指于六月底突破了 五、六月份来回震荡的小箱体，实现了重心的上移。上周五，沪指盘中挑战了去年四季度的重要技术压 力位，遇阻后震荡回落。目前来看，在没有实质性利好信息的配合下，预计难以一蹴而就得向上突破， 短期仍是箱体震荡和结构轮动的行情。 风险提示：国际贸易、地缘冲突超出预期；上市公司业绩增速回落超预期；全球经济衰退超预期。 首先，国内经济数据和上市公司的中报将成为影响行情的重要影响因素。随着，外部环境的改善， 投资开始更为关注国内的经济数据和正在披露的上市公司中报情况。从目前的情况看，预计二季度国内 经济环比有所回落，需要观察国内政策的变化。A 股市场前期受益国际局势的缓和，交易重心有所上 移，但宏观上尚未形成共振向上的条件，震荡市仍是基准情景假设。 其次，两市震荡，成交萎缩。周一，两市小幅低开后，表现分化。沪指全天横向整理，最终收盘微 涨，并且收盘于五天均线上方；深圳成指震荡回落，收盘于五天均线下方。两市量能 1.2 万亿元左右， 较上周五有所下降。微观结构上，全天个股涨多跌少，涨停股票数量较多。当天市场热点主要集中在房 地产和电力行业。 ...

"围墙"之外，中小银行急欲抢滩A股市场；"围墙"之内，已有上市行拟申请退市。 7月3日，九台农商行宣布，中金公司将代表吉林金控就收购所有已发行H股作出自愿有条件 全面现金要约，H股要约价为每股H股0.7港元；吉林金控将就收购所有已发行内资股作出自 愿有条件全面现金要约，内资股要约价为每股内资股0.63元。待H股要约成为无条件后，该 行将根据上市规则申请退市。 然而，在该行拟申请退市的同时，多家中小银行仍在积极寻求上市，近日更有东莞银行、广 东南海农商行因更新提交相关财务资料，IPO审核状态恢复为"已受理"。 "围墙"之内：九台农商行拟退市， 预计去年净亏17-19亿 7月3日晚，九台农商行公告显示，吉林金控与该行联合宣布，中金公司将代表吉林金控就收 购所有已发行H股作出自愿有条件全面现金要约，H股要约价为每股H股0.7港元，较最后交 易日于联交所所报收市价每股H股0.41港元溢价约70.73%；吉林金控将就收购所有已发行内 资股作出自愿有条件全面现金要约，内资股要约价为每股内资股人民币0.63元。 公告披露，待H股要约成为无条件（其中包括股东于临时股东大会上批准退市及独立H股股 东于H股类别股东大会上批准退市 ...

Core Viewpoint - Beijing Jinwanzhong Machinery Technology Co., Ltd. (hereinafter referred to as Jinwanzhong) has received acceptance for its IPO application on the Beijing Stock Exchange, following the withdrawal of its previous application for the Shanghai Stock Exchange due to new listing rules that raised financial and market value requirements [4] Group 1: Company Overview - Jinwanzhong was established in June 2011 and began its tool manufacturing business in 2012, launching its own tool brand "Rentianxing" in 2016 [4] - The company has expanded its services to include tool coating and tool sharpening [4] Group 2: Financial Performance - Jinwanzhong's revenue for the years 2022 to 2024 was 988 million, 950 million, and 923 million respectively, while net profits were 83.46 million, 75.49 million, and 87.32 million respectively [4] - The gross profit margins for the same period were 25.3%, 24.33%, and 24.64% [4] Group 3: Shareholding Structure - The controlling shareholder and actual controller of Jinwanzhong is Sun Xiaoming, who directly holds 78.62% of the shares and controls a total of 90.28% of the voting rights through various entities [5] - Sun Xiaoming has a diverse background in management and engineering, with extensive experience in various companies related to machinery and technology [6][7][8]

文件披露，公司创始人Paulo Carlos de Brito持有3980万股普通股，约占总股本的53%。Aura目前在墨西 哥、洪都拉斯、哥伦比亚和巴西均拥有矿场。截至3月31日的财年中，其营收约三分之二来自黄金业 务，其余三分之一来自金铜精矿。 根据汇编数据，在截至3月31日的季度中，Aura实现营收1.618亿美元，净亏损7320万美元;相较之下， 上年同期营收1.321亿美元，净亏损920万美元。 本次发行由美国银行和高盛联合牵头，公司计划以"AUGO"为代码在纳斯达克全球精选市场挂牌交易。 总部位于佛罗里达州科科纳特格罗夫的Aura市值在今年已实现翻倍增长，在多伦多交易所达到27亿加元 (约合20亿美元)，部分得益于同期金价41%的强劲涨幅。 本次美股上市所募资金将主要用于支付收购项目——今年6月公司宣布从AngloGold Ashanti Plc(AU.US) 收购Minera o Serra Grande SA(MSG)，其中现金部分需支付7600万美元。招股书显示，MSG公司正是巴 西Serra Grande金矿的所有者和运营商。 Aura Minerals Inc.(AUGO.US)正计划通 ...

智通财经7月8日电，纯苯期货和期权今天将在大连商品交易所上市。纯苯是一种有机化工原料，广泛应 用于电器、建材、包装材料、纤维材料等领域。我国是全球最大的纯苯生产国和消费国，纯苯期货和期 权的上市，将为纯苯产业提供有效风险管理工具。同时，也将增强我国纯苯价格的国际影响力，提高纯 苯国际贸易价格话语权。 纯苯期货和期权今日上市 ...

Core Viewpoint - Aura Minerals Inc. is seeking to go public in the United States, aiming to raise approximately $210 million to expand its investor base [1] Company Summary - Aura Minerals is a gold and copper mining company currently listed on exchanges in Canada and Brazil [1] - The company plans to issue 8.1 million shares in the upcoming transaction, with pricing expected on July 15 [1] - The company's market capitalization has more than doubled this year, reaching CAD 2.7 billion (approximately $2 billion) in Toronto [1] Industry Context - The increase in Aura Minerals' market value is partly attributed to a 41% rise in gold prices during the same period [1]

Core Viewpoint - In the first half of this year, 653 A-share listed companies subscribed to a total of 411.335 billion yuan in financial products, indicating a decrease compared to the same period last year [1] Summary by Category - **Total Investment in Financial Products** - A-share listed companies collectively purchased financial products worth 411.335 billion yuan, which includes reinvestments after maturity [1] - **Breakdown of Financial Products** - Structured deposits: 237.426 billion yuan - Bank wealth management products: 47.845 billion yuan - Securities firm wealth management products: 31.271 billion yuan - Deposit products: 31.13 billion yuan - Reverse repurchase agreements: 24.578 billion yuan - Trust products: 12.534 billion yuan - Notice deposits: 11.678 billion yuan - Time deposits: 8.25 billion yuan - Investment company wealth management products: 4.429 billion yuan - Fund special accounts for purchasing financial products: 2.194 billion yuan [1]