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蔚来调整:减员容易,卖车难
3 6 Ke· 2025-06-11 08:40
2023 年年末,蔚来以 10% 的裁员和一封强调降本增效的内部信拉开组织变革序幕。但调整一年之后,员工却增加了 1.2 万人,亏损同比扩大 8.1%,股价 跌回五年前。 全力托举的子品牌乐道仅实现了目标销量的三分之一;主品牌蔚来靠终端降价勉强维持去年同期的销量,却把毛利率拉低到 10.2%,单车均价降至 23.6 万元;收入有所增长,但费用增长的更多,季度亏损额同比扩大到 67.5 亿元。 蔚来又经历了一个惨淡的季度。但在财报发布后的电话会上,管理层继续维持四季度盈利的目标。 理由是,随着蔚来主品牌的改款车型、乐道品牌的新车陆续上市,公司有望在四季度实现 5-5.5 万辆的平均月销量。那时,内部改革的成效也将显现,预 计四季度的研发费降低 30% 以上,销售费率控制在 10% 以内。 与卖车相比,削减费用的举措可能更立竿见影。一场大规模的人员优化正在蔚来内部进行。一些效益较低的研发项目被取消,团队被解散;边界重合的业 务被整合,冗余的人员被压缩。光是乐道并入蔚来,就减少了 40% 的人员。 风暴刚刚开始。一位接近蔚来的人士对《云见 Insight》表示,仅今年前两个季度,蔚来人员流出约有 1 万人,三季度还 ...
全球top21仪器巨头净利润“缩水”近30亿,2家降幅超7成
仪器信息网· 2025-06-11 07:48
特别提示 微信机制调整,点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标,否则很可能无法看到我们的推送。 近日,仪器信息网汇总的2 0 2 4年全球科学仪器行业财报数据显示, 2 1家上市企业净利润总额达1 9 8亿元,同比微降, 行业平均净利润率从2 0 2 3年的1 5 . 7%下滑至11 . 6%。 这一数据背后,既折射出行业整体增速放缓的趋势,更揭示了企 业间战略分化加剧的新格局。 导读: 2024年全球科学仪器行业财报显示,21家上市企业净利润总额198亿元,同比下降,行业平均净利润率降至11.6%。头部企业 表现出色,而部分企业面临挑战。 | | | 2024年21家国外上市仪器企 | | | | | --- | --- | --- | --- | --- | --- | | | | 利润掉行榜 | | | | | 最新 | | | 2024年净利润 2023年净利润 | 净利润 | | | 扫名 | | 亿美元 | | 同比变化 | | | 1 | 手数 K | 63.4 | 59.6 | 6.4% | | | 2 | 丹纳赫 | 39.0 | 47.6 | -18.2% | | | ...
佰维存储20250610
2025-06-10 15:26
佰维存储 20250610 Q&A 光伏行业目前的供需情况如何? 截至 2025 年第一季度末,光伏产业链各个环节仍处于严重过剩状态。组件、 电池、硅片和硅料四个主要环节的名义产能均超过 1,200 吉瓦,而 2025 年组 件产量预期在 650-700 吉瓦之间,主产业链各环节的名义产能约为今年组件产 量的两倍。辅材环节如胶膜和玻璃的年度供应量在 800-900 吉瓦之间,其中玻 璃情况稍好,名义产能约 800 吉瓦,但由于光伏玻璃在建产能较多,未来预期 市面主要含铜浆料方案包括地科开发的高铜浆料和聚合开发的纯铜浆料。 地科高铜浆料采用银包覆和银种子层技术,定价 4,000-5,000 元/公斤, 每瓦节省约 0.5 分;聚合纯铜浆料采用非银材料包覆,定价 2,500- 3,000 元/公斤,需专用烧结炉,成本节省也约为 0.5 分/瓦。 高铜浆料和纯铜浆料均在积极推广。高铜浆料因抗氧化性和防止扩散风 险可靠性较高,进展较快,Topcon 组件龙头企业已加快导入节奏,预 计 2026 年出货量可达小几百吨,加工费显著提升。纯铜浆料也在持续 推进中,若成功将带来更大成本节省空间,建议关注地科及聚合相关标 的发 ...
星巴克入华25年首降价,更多调整在路上
Jing Ji Guan Cha Wang· 2025-06-10 13:34
店里一位工作人员说,当天早上客流量不错,点非咖产品的消费者明显增多。她预计下午单量提升会更显著,通常早上以咖啡类消费为主,下午则是非咖饮 品的消费高峰。 此次星巴克对星冰乐、冰摇茶、茶拿铁三大非咖系列产品实施降价,最高降幅达6元。调整后,多款饮品价格进入20元区间。星巴克希望以价换量,打开下 午茶市场,并适配下沉市场开店战略。 餐饮连锁专家王冬明指出,咖啡茶饮行业"内卷"已十分严重,星巴克不得不被动卷入竞争。但作为头部品牌需维持形象,因此选择先对非咖啡产品降价,这 是相对体面的价格调整方式。他预判,未来星巴克很可能会对咖啡产品进行降价。 首次产品直降 6月10日是星巴克非咖产品降价的首日,这也是星巴克进入中国25年来首次主动下调产品价格。 早上9点多,北京望京凯德MALL商场尚未正式营业,商场一层的星巴克门店已有不少顾客。工作人员在询问点单需求时,会主动提及非咖产品降价信息, 并帮助顾客累计积分、查看优惠券。 6月10日,星巴克中国门店的价签迎来历史性变化:星冰乐、冰摇茶、茶拿铁三大系列共10款产品集体降价,以大杯规格计算,消费者平均每杯能省下5元。 这是星巴克入华25年来首次直接下调产品价格,打破以往仅通过 ...
朗科智能: 关于终止部分募投项目并将剩余募集资金用于永久性补充流动资金的公告
Zheng Quan Zhi Xing· 2025-06-10 12:35
Core Viewpoint - The company has decided to terminate part of its fundraising projects and will use the remaining funds to permanently supplement its working capital, which is a strategic adjustment based on current market conditions and operational needs [1][8][9]. Fundraising Project Overview - The company raised a total of RMB 380 million through the issuance of 3.8 million convertible bonds, with a net amount received of approximately RMB 372.91 million after deducting fees [1]. - As of May 31, 2025, the actual investment in fundraising projects amounted to RMB 263.50 million, while RMB 112.96 million was used to supplement working capital, totaling RMB 376.46 million [3][4]. Changes in Fundraising Projects - The company has changed the implementation location of the Hefei Industrial Base Construction Project to Vietnam, with the project originally planned to expand production capacity for brushless DC motor control systems and energy management systems [2][4]. - The total investment for the Hefei Industrial Base Construction Project remains unchanged at RMB 120 million, with the remaining funds to be covered by the company's own resources [4][6]. Reasons for Termination of Projects - The decision to terminate the Hefei Industrial Base Construction Project is influenced by macroeconomic changes and industry cycle fluctuations, leading to lower-than-expected growth in the domestic smart controller market [6][7]. - The company aims to optimize resource allocation and improve operational efficiency by reallocating funds to working capital instead of continuing investments in underperforming projects [7][8]. Approval Process - The decision to terminate part of the fundraising projects and reallocate funds was approved by the company's board of directors and supervisory board, aligning with the company's long-term development strategy and regulatory requirements [8][9].
多猪企5月生猪销量同比增超三成,券商预计优质企业可借出栏增长和成本下降获超预期盈利
Cai Jing Wang· 2025-06-10 12:00
Core Viewpoint - The pig farming industry is experiencing significant growth in sales volume, with many companies reporting double-digit year-on-year increases in sales of pig-related products, indicating a positive trend in the market [1][2]. Sales Performance - In May, several companies reported substantial increases in sales volume, with some exceeding 150% year-on-year growth. For instance, Muyuan Foods sold 6.406 million pigs, up 30.42% year-on-year; Wens Foodstuff Group sold 3.1554 million pigs, an increase of 32.64%; Zhengbang Technology sold 638,600 pigs, up 158.02%; and Tangrenshen sold 482,800 pigs, up 47.69% [1][2]. - Other companies like Kemin Foods and Dabeinong also reported double-digit growth in sales, with Kemin's subsidiary selling 48,300 pigs, up 23.06%, and Dabeinong selling 386,300 pigs, up 17.99% [2]. Production and Cost Management - Muyuan Foods attributed its sales increase to improved production efficiency and operational planning, while Wens Foodstuff cited increased piglet production and demand for piglets as contributing factors. Zhengbang Technology noted a gradual recovery in its business as a reason for its sales growth [2]. - Despite positive year-on-year comparisons, some companies saw a decline in sales compared to April, indicating a mixed performance in the short term [2]. Slaughter Volume and Market Outlook - The average daily slaughter volume for sample enterprises increased to 149,100 pigs in late May, reflecting a recovery in terminal consumption driven by pre-festival stocking demands. However, slaughter volumes are expected to decline post-festival [3]. - The industry anticipates a decrease in pig prices due to rising temperatures affecting weight gain and initiating inventory reduction actions. Nevertheless, the slow growth in the number of breeding sows may provide a buffer against supply pressures in the medium term [3]. Cost Control - Muyuan Foods reported a decrease in pig farming costs to approximately 12.2 yuan/kg in May, down nearly 0.2 yuan from the previous month, attributed to improved production performance. The company aims to achieve a cost target of 12 yuan/kg through technological innovation and refined management [3][4]. - Wens Foodstuff reported a comprehensive cost of 6 yuan/lb for pig farming in April, while New Hope indicated a current cost of 12.9 yuan/kg, with expectations for further reductions by year-end [4].
聚光科技(300203):科研仪器龙头企业 利润端有望迎来快速释放
Xin Lang Cai Jing· 2025-06-10 10:39
Core Viewpoint - The company, as a leader in the domestic scientific instrument industry, is facing significant development opportunities under the national push for self-control and domestic substitution. With the deepening of relevant support policies and the gradual release of equipment renewal demand in downstream industries, the company is expected to achieve rapid growth in order acquisition and revenue conversion in the scientific instrument field by 2025 [1][5][10] Financial Performance - In 2024, the company achieved revenue of 3.614 billion yuan, a year-on-year increase of 13.58%, and a net profit attributable to shareholders of 207 million yuan, a year-on-year increase of 164.11%. The non-recurring net profit attributable to shareholders was 127 million yuan, a year-on-year increase of 132.82% [1][3] - For Q1 2025, the company reported revenue of 547 million yuan, a year-on-year increase of 1.38%, and a net profit attributable to shareholders of -21 million yuan, a year-on-year increase of 18.77% [1][4] Business Strategy - The company is focusing on core businesses such as scientific instruments, life science instruments, and industrial analysis instruments, while appropriately reducing long-term R&D layouts and non-high-end analysis instrument businesses. This strategy has led to a significant turnaround in profitability [3][10] - The company has established four business units targeting clinical research and early disease diagnosis, indicating a proactive approach to expanding into the life sciences sector [7] Operational Efficiency - The overall gross margin for 2024 was 44.43%, an increase of 3.17 percentage points year-on-year. The company has effectively controlled expenses, with a sales expense ratio of approximately 16.67%, a decrease of about 4.21 percentage points [8][9] - The net cash flow from operating activities for 2024 was 688 million yuan, a year-on-year increase of 152.34%, reflecting improved operational quality [8] Future Outlook - The company is expected to benefit from the acceleration of local government debt reduction and the gradual alleviation of the negative impact of PPP projects on overall performance. This is anticipated to support the company's performance recovery [5][6][10] - Projections for 2025-2027 indicate expected revenues of 4.066 billion, 4.538 billion, and 5.039 billion yuan, with corresponding net profits of 320 million, 439 million, and 589 million yuan, reflecting a strong growth trajectory [11]
重庆百货: 重庆百货大楼股份有限公司2024年年度股东大会会议材料
Zheng Quan Zhi Xing· 2025-06-10 08:14
重庆百货大楼股份有限公司 重庆百货大楼股份有限公司 各位股东: 重庆百货大楼股份有限公司(以下简称"公司")《2024 年年度报告及摘要》 已于 2025 年 4 月 19 日刊登于《上海证券报》和《证券时报》,并在上海证券交易 所网站(www.sse.com.cn)进行了公告,现将公告内容提交本次会议审议。 请予审议。 重庆百货大楼股份有限公司 重庆百货大楼股份有限公司 各位股东: 促进消费创造了良好条件,但受经济增速放缓、消费市场低迷、行业变革加剧等 多方面影响,零售企业经营发展承压。面对复杂多变的市场环境,公司在挑战中 抓转型、求突破,以"增长、效率"为主线,持续"两个系统性"建设,提升商 品力,打造新场景,推动业态融合,聚焦降本增效,公司全年业绩总体保持稳定。 亿元,同比增长 0.46%;实现每股收益 3.00 元,同比增长 0.33%;净资产收益率 一、狠抓商品力,提高经营质量。 公司以极致商品竞争力为核心,深化联合生意计划,推进引新汰旧、供应链 优化和经营模式变革。 百货深化与核心品牌战略合作,推进大品牌联合生意计划,孵化差异化自有 品牌,奥特莱斯供应链体系日趋成熟, "城市奥莱"样本店阳光世纪客 ...
迪士尼两年五次裁员,好莱坞迈向降本增效
3 6 Ke· 2025-06-10 04:24
上周一,华特迪士尼公司启动了新一轮裁员。据外媒Deadline报道,电影、电视和企业财务部门成为了此次裁员的重灾区,包括影视营销、电视宣传、选 角以及开发团队和公司财务在内的全球多地员工将离开岗位。据知情人士透露,此次裁员规模达数百人。 这已经是迪士尼在两年内的第五次公开裁员。 根据今年5月迪士尼发布的2025财年第二季度财报,公司报告期内营收同比增长7%至236.21亿美元,净利润同比增长155%至34亿美元。其中连续四个季度 盈利的流媒体业务与主题公园的稳定表现是业绩的主要贡献源。 但另一面,迪士尼娱乐板块的传统业务之一线性网络收入则约24.18亿美元,同比减少13%。 为求继续增加Disney+的盈利能力以及整个公司的经营效率,迪士尼不得不继续"降本增效",这第一刀,便砍向了影视内容生产核心部门。这也是在皮克 斯工作室裁员以来迪士尼又一次将裁员伸向了内容相关岗位,特别是选角与开发团队的人员缩减,意味着迪士尼将更严控内容投资与制作规模,寻找传统 影视业务与新兴业务的平衡点。 在影视行业下行、观影人次下降、消费者从有线电视转向流媒体服务的大环境下,即便是全球娱乐巨头迪士尼也需经历漫长的转型阵痛,这亦是全球影 ...
众兴菌业拟斥资7亿投建产业园 降本增效首季扣非4565万增57%
Chang Jiang Shang Bao· 2025-06-09 23:35
Core Viewpoint - Zhongxing Junye is actively enhancing its business layout by investing approximately 700 million yuan in a new edible and medicinal mushroom industrial park in Chengdu, Sichuan, aiming to diversify its operations and increase profitability [1][2][3]. Investment and Project Details - The total investment for the Southwest Headquarters Base project is about 700 million yuan, with phase one requiring approximately 500 million yuan and phase two about 200 million yuan [1][2]. - Phase one includes the renovation of existing facilities and the establishment of a research and development center for rare edible and medicinal mushrooms, while phase two focuses on land acquisition and further industrial development [2][3]. Business Strategy - The company adheres to a strategic layout of "rooted in the Northwest, facing the nation, and reaching the world," and focuses on a diversified cultivation strategy primarily involving enoki mushrooms and button mushrooms [1][3]. - Zhongxing Junye has established production bases across multiple provinces, including Gansu, Shaanxi, and Jiangsu, and is involved in the research, cultivation, and sales of edible and medicinal mushrooms [3][4]. Financial Performance - In Q1 2025, the company's revenue decreased by 2.89% to 473 million yuan, but net profit attributable to shareholders increased significantly by 38.72% to 48.2 million yuan, indicating improved profitability despite lower sales [6][7]. - The company reported a gross margin of 23.11% in Q1 2025, an increase of 3.14 percentage points year-on-year, reflecting effective cost control measures [7]. Market Dynamics - The edible mushroom industry is experiencing intensified competition, particularly affecting the sales prices of enoki mushrooms, while button mushrooms maintain a stronger market position due to higher barriers to entry [5][6]. - In 2024, the company sold 359,000 tons of edible mushrooms, with a revenue of 1.933 billion yuan, showing a slight increase in sales volume but a decline in revenue from enoki mushrooms [5].