中新网山西新闻4月27日电 今年以来，山西省长子县紧抓政策机遇，持续推进"以旧换新"政策补贴工 作，在家电、数码产品、家装厨卫等多个领域掀起消费热潮，推动了县域消费市场提质升级。 长子县融媒体中心供图 在真金白银补贴政策强力拉动下，"以旧换新"不仅激发了消费者购买意愿，也为本地商家带来新的发展 机遇。"现在'以旧换新'补贴力度非常大。消费者在我们家购买家电时，一级能效补贴20%，二级能效补 贴15%，单件最高补贴2000元，非常划算。"长子佳丽彩电器店长樊婧说，"截至目前，我们店的家电类 销售数据比去年同期增长了30%—40%左右，提振了我们经销商的经营信心。" 同样，在东大街和德顺通讯店，醒目的"开心享国补换新好机惠至高补贴20%"的标语吸引着往来顾客。 店员介绍，"以旧换新"政策实施后客流量激增，一天最高能卖出20多台手机，高峰期单日销售额可达平 时的两倍。"我本来就想换手机，一直嫌贵，没想到赶上国补政策。这优惠力度，相当于打了八五折， 直接帮我把预算降低了好几百，很是心动，感觉换的正是时候。"顾客张先生说。 据了解，今年以来，全县家电交易金额630多万元，优惠金额119万余元，交易1635单。3C数码产 ...

Group 1 - The company plans to distribute a cash dividend of RMB 0.50 per share, totaling approximately RMB 352.99 million, which represents 35.16% of the net profit attributable to shareholders for the year 2024 [4] - The company achieved a revenue of RMB 1,027.36 million, a year-on-year increase of 20.11%, and a net profit of RMB 100.38 million, up 51.23% compared to the previous year [13][13] - The company operates in the paper and paper products industry, focusing on high-performance paper-based functional materials and their raw materials [8][9] Group 2 - The paper industry in China showed strong growth in 2024, with production of mechanical paper and cardboard reaching 15.85 million tons, a year-on-year increase of 10%, marking the highest growth rate in nearly 12 years [5] - The average import cost of pulp in 2024 was USD 652 per ton, reflecting only a 1% increase from 2023, indicating stable pricing despite increased demand [5] - Energy costs in the paper industry decreased, with coal prices dropping by 12% year-on-year, attributed to oversupply and reduced demand from traditional power generation [6] Group 3 - The company has a diverse product range, including food and medical packaging materials, tobacco industry support materials, home decoration materials, and industrial use papers, with a strong market presence in each segment [9][10][11] - The food and medical packaging materials segment is experiencing rapid market growth due to rising consumer safety and environmental concerns [9] - The company is actively expanding its production capacity for release paper and high-demand materials to meet the growing market needs [12]

登录新浪财经APP 搜索【信披】查看更多考评等级 内容详见上海证券交易所网站（www.sse.com.cn）及公司法定信息披露媒体同日披露的《仙鹤股份有限 公司2024年度董事会审计委员会对会计师事务所履行监督职责情况报告》。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 内容详见上海证券交易所网站（www.sse.com.cn）及公司法定信息披露媒体同日披露的《仙鹤股份有限 公司2024年度董事会审计委员会履职报告》。 16.审议通过《关于2024年度会计师事务所履职情况评估报告的议案》 公司对中汇会计师事务所2024年审计过程中的履职情况进行评估。经评估，公司认为中汇会计师事务所 资质条件、执业记录、质量管理水平、信息安全管理等方面合规有效，履职能够保持独立性，勤勉尽 责，公允表达意见。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 内容详见上海证券交易所网站（www.sse.com.cn）及公司法定信息披露媒体同日披露的《仙鹤股份有限 公司关于2024年度会计师事务所履职情况评估报告》。 17.审议通过《关于2024年度董事会审计委员会对会计师事务所履行监督职责情况报告的议案》 根据相关 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600021 证券简称：上海电力 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 ■ 注1：本期在计算加权平均净资产收益率指标时，归属于公司普通股股东净利润扣减了一季度永续债利 息7,684.57万元，归属于普通股股东的净资产不包括永续债本金96.95亿元以及永续债利息13,840.92万 元。 注2：本期在计算每股收益指标时，归属于普通股股东的净利润扣减了一季度永续债利息7,684.57 万 元。 (二)非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 ■ 对公司将《公开发 ...

Overview of Guarantees - The company has reduced financing guarantees to its domestic subsidiaries and converted previous guaranteed loans into credit loans, providing comfort letters without guarantee nature for some overseas subsidiaries [1][2]. Guarantee Details - The company plans to provide guarantees for its subsidiary, Lao Feng Xiang Jewelry (USA) Co., Ltd., and issue comfort letters for Lao Feng Xiang Jewelry (Hong Kong) Co., Ltd. The total expected amount for guarantees and comfort letters for 2025 is approximately 111,285.91 million RMB, accounting for 8.90% of the audited net assets as of the end of 2024 [2][5]. - The expected guarantee amount includes 1,030.21 million RMB for guarantees and 110,255.70 million RMB for comfort letters, with the amounts subject to currency and exchange rate considerations [2][6]. Subsidiary Information - Lao Feng Xiang Jewelry (USA) Co., Ltd. was established in October 2013, with total assets of 164 million RMB and a net asset deficit of 202 million RMB as of the end of 2024. The company reported a revenue of 56 million RMB and a net loss of 12 million RMB for the same period [3]. - Lao Feng Xiang Jewelry (Hong Kong) Co., Ltd. was established in January 2012, with total assets of 675 million RMB and a net asset deficit of 98 million RMB as of the end of 2024. The company reported a revenue of 475 million RMB and a net profit of 71 million RMB for the same period [4]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to meet the funding needs of the company's operations in Hong Kong and the USA, with the company providing guarantees based on actual equity control ratios [6][7]. Internal Decision-Making Process - The company held board and supervisory meetings on April 28, 2025, to approve the proposed guarantee amounts, which require shareholder approval due to the subsidiaries' asset-liability ratios exceeding 70% [7][8]. Cumulative External Guarantee Amount - As of December 31, 2024, the company's total balance of guarantees and comfort letters was 36,746.59 million RMB, representing 2.94% of the audited equity attributable to the parent company. By April 28, 2025, this balance increased to 72,846.68 million RMB, accounting for 5.83% of the same equity [6][7].

Core Insights - The 137th Canton Fair is being held from April 15 to May 5 in Guangzhou, with a focus on promoting trade innovation and achieving stable and high-quality foreign trade in the final year of China's 14th Five-Year Plan [1] Group 1: Exhibition Scale and Participation - The total exhibition area is 1.55 million square meters, with approximately 74,000 booths and around 31,000 participating companies [1] - The number of booths for export exhibitions is nearly 73,000, with first-time participation of over 30,000 companies, an increase of nearly 900 from the previous session [1] - The import exhibition features about 1,600 booths from 736 companies across 50 countries and regions, remaining stable compared to the last session [1] Group 2: Exhibition Themes and Quality - The fair is divided into three phases with themes of "Advanced Manufacturing," "Quality Home Furnishings," and "Better Life," featuring 55 exhibition areas and 172 product zones [2] - New initiatives have been introduced to improve the quality of participating companies, with over 4,200 new exhibitors and a 20% increase in companies recognized as national high-tech or specialized "little giants" [2] - Approximately 3,700 companies related to "new three samples," digital technology, and intelligent manufacturing are participating, along with over 17,000 companies with their own brands [2] Group 3: Marketing and Online Platform Enhancements - The fair emphasizes marketing efforts targeting key markets such as the Belt and Road Initiative, RCEP, and Europe and the United States, with various promotional activities to diversify the sources of buyers [3] - The Canton Fair APP has been well-received, with 148,000 downloads, and will be upgraded to provide more precise services for buyers and suppliers [3] - Over 1,000 trade promotion activities will be held, including industry conferences, new product launches, and a series of trade promotion events [3]

Core Insights - The company reported a revenue of 4.696 billion yuan for 2024, representing a year-on-year growth of 0.87% [1] - The net profit attributable to shareholders reached 624 million yuan, showing a significant increase of 29.55% year-on-year [1] - The company plans to distribute a cash dividend of 3.5 yuan per 10 shares to all shareholders [1] Financial Performance - In the 2024 annual report, the company confirmed a gain of approximately 274 million yuan from the disposal of subsidiary equity, which contributed to the net profit growth [1] - For the first quarter of 2025, the company achieved a revenue of 1.301 billion yuan, marking an impressive year-on-year increase of 86.41% [2] - The net profit for the first quarter of 2025 was 121 million yuan, up 39.14% year-on-year, with a net profit of 105 million yuan after excluding non-recurring gains, reflecting a growth of 49.42% [2] Operational Highlights - The company focused on enhancing quality and reducing costs across six key tasks, including safety, environmental protection, labor intensity reduction, quality, production, and cost management [1] - Significant investments in research and development amounted to 227 million yuan in 2024, leading to successful product launches and innovations [1] - The company achieved mass production of domestic large megawatt models and offshore wind turbine products, as well as successful trials for nuclear waste storage tanks [1]

上 市 公 司 公 司 研 究 / 公 司 食品饮料 2025 年 04 月 29 日 三元股份 (600429) ——2024 年改革逐步推进 2025 年有望持续提质增效 报告原因：有业绩公布需要点评 增持（维持） | 市场数据： | 2025 年 04 月 29 日 | | --- | --- | | 收盘价（元） | 4.47 | | 一年内最高/最低（元） | 5.85/3.50 | | 市净率 | 1.3 | | 股息率%（分红/股价） | 1.10 | | 流通 A 股市值（百万元） | 6,694 | | 上证指数/深证成指 | 3,286.65/9,849.80 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 03 月 31 日 | | --- | --- | | 每股净资产（元） | 3.35 | | 资产负债率% | 43.46 | | 总股本/流通 A 股（百万） | 1,509/1,498 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 04-29 05-29 06-29 07-29 08-29 09-29 ...

Core Viewpoint - The company reported a decline in revenue and net profit for Q1 2025, indicating pressure on performance and a significant drop in net profit margin compared to the previous year [1][2]. Financial Performance - Q1 2025 revenue was 3.079 billion yuan, a year-on-year decrease of 1.93% - Net profit attributable to shareholders was 214 million yuan, down 38.12% year-on-year - Basic earnings per share were 0.08 yuan [1] - Gross margin and net margin for Q1 2025 were 47.00% and 6.92%, respectively, with changes of +0.37 and -4.08 percentage points year-on-year [2] - The selling and administrative expense ratio increased to 34.16%, up 5.90 percentage points year-on-year, contributing to the decline in net margin [2] - Inventory turnover days increased to 188.32 days, up 45.08 days year-on-year [2] - Net cash flow from operating activities was 153 million yuan, a decrease of 81.71% year-on-year [2] Business Strategy - The company is focusing on upgrading domestic channels and enhancing overseas business models, with significant progress in store openings and renovations for its core brands, Semir and Balabala [2][3] - In 2024, over 500 new Semir image stores and Balabala store renovations were completed [2] - The company is implementing a multi-channel strategy for overseas markets, including direct sales, e-commerce, and partnerships with agents, successfully entering 15 countries and regions by the end of 2024 [3] Future Outlook - The company aims to continue improving retail capabilities and product circulation efficiency while expanding its overseas business footprint [4] - EPS forecasts for 2025-2027 are projected at 0.46, 0.51, and 0.57 yuan, with a 2025 PE valuation of 13.72 times, which is below the average of comparable companies [4]

二是抓住"时令风口"，实现原料采购降本增效。春季竹笋大量上市，七彩食品适时加强采购系统管理， 引入更多优质供应商，从生产原材料源头上降本控本。先后与9家专业合作社建立合作关系采购竹笋原 材料，与18家合作社合作采购半成品，原材料采购价与上一年同比下降21%。与4家包材供应商进行商 务谈判，成功压减包材供应价，进一步促进降本增效。 三是抓紧"研发风口"，实现技术创新成果生"金"。七彩食品坚持向新提质，以市场需求为导向，持续加 大研发投入。公司组建了一支专业精、富有创新精神的研发团队，与知名院校合作建立市级、省专家工 作站，共同研发新品及工艺改进等项目，攻克竹笋加工过程中的技术难题。经过不懈努力，公司在竹笋 无硫锁鲜、竹笋厂副产物高值化利用等方面取得了一系列突破性成果。凭借扎实的创新能力和突出的创 新成果，近日，七彩食品旗下加工企业云南菜人家食品有限公司通过了云南省"高新技术企业"认证，其 春节档研发的新产品——手剥笋零食，在健康、口感与营养价值上实现了全面升级，成功上市全国零食 渠道及美宜佳连锁超市的12000多家门店，迅速打开了市场局面。 初审：冼子力 市国资国企云南七彩食品有限公司（以下简称七彩食品）立足中 ...