近年来，在人们对健康管理越发重视的背景下，低卡、富含电解质、口感清甜的椰子水被推向台前，成 为新晋顶流。凭借"天然电解质"的健康标签，if椰子水踩中风口迎来了绝佳的发展机遇。 仅用了2个月的时间，if椰子水的母公司IFBH Limited就已经获得港交所通行证，即将在港交所主板挂牌 上市，中信证券担任独家保荐人。 椰子水撑起2.4亿营收 作为一家植根泰国的即饮饮料及即食食品公司，if的历史可追溯至2013年——2013年，if品牌诞生，并 由General Beverage一直经营if品牌，后于2022年推出Innococo品牌。2022年12月，General Beverage进行 业务重组，将国际业务（特别是if及Innococo品牌）从General Beverage的其他两条业务线中分拆出来， 以精简营运，并在泰国以外的市场集中经营if和Innococo品牌。 根据灼识咨询的报告，以2024年零售额计算，if是全球椰子水饮料市场第二大公司——2017年，if品牌 进入中国内地市场，自2020年起在中国内地椰子水饮料市场连续五年蝉联榜首，2024年市场占有率 （if+Innococo）约34%，超越第二 ...

据港交所6月3日披露，周六福珠宝股份有限公司(下称"周六福")通过港交所主板上市聆讯，中金公司及中 信建投国际为其联席保荐人。 周六福是一家中国珠宝公司，通过线下门店和线上销售渠道提供各种珠宝产品，主要为黄金珠宝产品及 钻石镶嵌珠宝。根据弗若斯特沙利文的资料，以中国门店数目计，周六福于2017年至2024年连续八年维 持于中国珠宝市场前五大品牌之列。 周六福核心业务 产品设计与工艺创新 中国黄金珠宝市场呈现波动式增长，由2019年的人民币3,282亿元增至2024年的人民币5,688亿元，复合年 增长率为11.6%。值得注意的是，在2024年，加盟店在黄金珠宝市场中份额最大，占比72.3%。然而，增 长最快的是电商渠道，该渠道在此期间复合年增长率最高，达到16.8%，凸显了向数字化的加速转变以 及消费者对在线购物便利性的日益偏好。预计市场将继续增长，到2029年将达到人民币8,185亿元，2024 年至2029年的复合年增长率为7.6%。 公司以自主研发的专利技术为核心竞争力，例如"守护の光"系列产品采用德国进口精雕工艺(精度达 0.01mm)和独家专利技术，通过优化贵金属的聚光性与映光性，实现"佛光效应"， ...

星标 ★ IPO日报 精彩文章第一时间推送 近期，湖南华升股份有限公司（600156.SH，下称"华升股份"、"上市公司"）发布公告称，公司正在筹划通过发行股份及支付现金的方式购买深圳 易信科技股份有限公司（下称"易信科技"、"标的公司"）100%股权，同时拟发行股份募集配套资金。 目前，本次交易仍处于筹划阶段，交易各方尚未签署正式的交易协议，具体交易方案仍在商讨论证中。公司股票目前仍处于停牌状态，停牌时间不 超过10个交易日，预计最晚于2025年6月24日（星期二）前复牌。 制图：佘诗婕 增收不增利 2024年年报显示，华升股份主要产品为苎麻纱、苎麻混纺纱，苎麻、亚麻、汉麻面料，服装服饰、家纺、产业用纺织品等，ODM/OEM与服装自主 品牌业务共同发展，已初步形成服装品牌矩阵。公司旗下拥有"雪松""洞庭""金爽"等纺织行业知名面料品牌。 受原材料价格波动和行业竞争挤压，2024年，上市公司出现增收不增利的情况。 根据年报，2024年，上市公司实现营业收入7.78亿元，同比增长34%；归属于上市公司股东的净利润-4933.60万元，同比下滑333%。 制图：李昕 这主要是由于公司产品毛利率出现大幅下降，由20 ...

Group 1 - Hunan Huasheng Co., Ltd. is planning to acquire 100% equity of Shenzhen Yixin Technology Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds [1] - The transaction is still in the planning stage, and no formal agreement has been signed yet, with the company's stock currently suspended from trading [1] - The company expects to resume trading no later than June 24, 2025 [1] Group 2 - In 2024, Huasheng Co. reported a revenue of 778 million yuan, a year-on-year increase of 34%, but a net loss of 49.34 million yuan, a decline of 333% compared to the previous year [3] - The company's gross profit margin significantly decreased from 10% in 2023 to 4.61% in 2024, indicating a substantial decline [5] - The decline in gross profit margin is attributed to two main factors: increased competition leading to lower product prices and the acceptance of lower-margin orders to maintain market share [6] Group 3 - Huasheng Co. operates in the textile industry, with major products including ramie yarn, blended yarn, and various textile products, and has established a brand matrix with well-known brands [3] - The company is transitioning towards a light asset operation model by 2025, aiming for industry chain collaboration [9] - The acquisition of Yixin Technology will allow Huasheng Co. to enter the IDC (Internet Data Center) sector, which is characterized by light assets and high gross margins, averaging around 30% [10]

Core Viewpoint - The article emphasizes the cyclical nature of markets, suggesting that while popular sectors may not yield expected returns, seemingly "niche" sectors like those of Xuyang Group may offer substantial long-term value and excess returns when market conditions improve [1]. Share Buyback Activity - Xuyang Group has been actively repurchasing its shares, spending nearly 80 million HKD to buy back over 30 million shares since May 21, 2023, and a total of 99.6 million HKD for 39.7 million shares year-to-date [1][2]. - The buyback activity reflects a strategic move to boost investor confidence and signal a strong underlying business performance [3]. Business Strategy and Growth - Xuyang Group is implementing a comprehensive strategy for national and global expansion, focusing on establishing a manufacturing base in Indonesia and exploring investment opportunities in downstream fine chemicals [4]. - The company aims to enhance its global competitiveness by building a global marketing network and establishing more overseas subsidiaries [4]. Operational Management Services - In 2024, Xuyang's operational management services are projected to grow significantly, with a total scale increase of 114% to 8.86 million tons and a business volume growth of 45.6% to 6.51 million tons [4]. - The operational management services are expected to contribute significantly to revenue, achieving a doubling to 4.225 billion HKD, with a gross profit increase of 42.1% [4]. Hydrogen Energy Sector - Xuyang Group signed a framework agreement with Beijing Yihua Tong in March 2023, aiming to become the controlling shareholder and reshape the hydrogen energy industry landscape [5]. - The collaboration is expected to create a comprehensive ecosystem worth billions in the hydrogen sector, providing a new growth avenue beyond its traditional business areas [5]. Shareholder Confidence - The company has consistently prioritized the interests of minority shareholders, with significant share buybacks and major shareholder Texson Limited increasing its stake in the company [5][7]. - In 2023, Xuyang Group repurchased over 40 million HKD worth of shares, with the buyback amount increasing to 350 million HKD in the following year [6].

Group 1 - The company, China Communications Real Estate Co., Ltd., plans to transfer its real estate development assets and liabilities to its controlling shareholder, China Communications Real Estate Group Co., Ltd., as part of a major asset sale and related party transaction [1] - After the completion of this restructuring, the company will no longer engage in real estate development and sales, shifting its focus to property services and asset management, thereby transitioning to a light asset operation model [2][3] - The controlling shareholder has issued a commitment to avoid any competition with the company's future business operations, ensuring that its subsidiaries will not engage in activities that could adversely affect the company's main business [2][3] Group 2 - The commitments from both the controlling shareholder and the indirect controlling shareholder are effective from the completion of the transaction and will hold during their respective periods of control over the company [3][4] - If there is a violation of these commitments, the controlling shareholders will be liable for any economic losses incurred by the company [3][4]

Core Viewpoint - The company plans to sell its real estate development assets and liabilities to its controlling shareholder, aiming to shift focus towards property services and asset management, thereby achieving a strategic transformation to a light asset operation model [7][9][22]. Transaction Overview - The transaction involves a cash acquisition of real estate development-related assets and liabilities for a nominal price of 1 yuan [7][23]. - The transaction is classified as a major asset restructuring and constitutes a related party transaction, as the buyer is the controlling shareholder [25][27]. Financial Impact - Post-transaction, the company's total assets are expected to decrease by 98.11% to 203,598.71 million yuan, while total liabilities will drop by 99.15% to 81,790.42 million yuan [10][28]. - The asset-liability ratio will improve significantly from 89.75% to 40.17%, a reduction of 49.58 percentage points [10][28]. - The company anticipates a substantial increase in net profit from -639,605.40 million yuan to 9,785.76 million yuan, representing a 101.53% improvement [10][28]. Strategic Goals - The company aims to enhance its competitive advantage by focusing on property management and asset management, aligning with the strategic direction of its parent group [9][26]. - The restructuring is expected to optimize the company's business structure, support sustainable development, and protect the interests of minority shareholders [9][26][22]. Approval Process - The transaction has undergone necessary internal approvals, including review by independent directors, and will require further regulatory approvals [11][12]. - The controlling shareholder has expressed principle support for the transaction, committing to adhere to relevant regulations regarding shareholding during the process [12][13].

资料显示，受托管理的公司中，休宁齐云山文化旅游发展股份有限公司、祥源颍淮旅游开发股份有限公 司、安徽祥源花海旅游开发有限公司、黄龙洞投资股份有限公司、凤凰古城文化旅游投资股份有限公 司、雅安祥源青碧旅游开发有限公司等6家公司主营业务为山岳型景区。湘西烟雨凤凰旅游演艺有限公 司主营业务为演艺、商业经营及其他经营业务。 公司表示，此次交易致力于实现"输出复合型运营团队，释放人才价值""延伸更广阔市场，增值品牌溢 价""叠加用户资源，提质数字化管理"三重效应协同。这是公司首次规模化输出管理能力，既加速了公 司轻资产运营战略落地，也为公司开辟了新的盈利增长曲线。此次交易达成后，祥源文旅将发挥景 区"投研建运"综合运营管理能力，赋能控股股东旗下旅游资产资源，提升景区业务经营效能，同时为行 业轻资产输出运营打样。 近年来，祥源文旅推进"投资运营一体化"战略，一方面，通过优化资产配置和丰富业务类型，持续做大 基本盘；另一方面，凭借高效运营，提升整体资产收益。数据来看，今年五一节日期间，公司旗下目的 地游客接待量超62.36万次，同比增长51.79%；实现旅游收入4040.41万元，同比增长50.47%。其中，百 龙天梯、莽 ...

Core Viewpoint - The real estate industry is entering a phase of high-quality development, with companies exploring light asset operational models, and the construction and management business becoming a competitive arena for real estate firms [2][3] Industry Overview - The scale of the construction and management sector is growing, with the top 30 construction companies projected to reach a total contracted area of 914 million square meters in 2024, a year-on-year increase of 23%. New signed area is expected to be 193 million square meters, up 6% year-on-year [2] - Despite growth, the construction industry is highly competitive, with leading firms deepening their advantages while smaller companies face shrinking survival space. The industry is returning to the essence of "service as an asset," emphasizing the importance of professional service capabilities and brand reputation [2] Company Strategy - Midea Real Estate's entry into the construction and management sector aligns with its "light and heavy dual focus" strategy, responding to the demand for specialized services in the industry [4] - The company emphasizes that development capabilities do not equate to construction management capabilities, highlighting the need for a comprehensive understanding of client needs and the creation of value through effective service delivery [6][7] Service Model - Midea Real Estate aims to provide one-stop services from construction to property management, setting a high bar for project participation to ensure quality and long-term business sustainability [6][7] - The company differentiates itself by not engaging in price wars but instead focusing on quality service and long-tail effects through ongoing property management and commercial operations [7] Market Positioning - Midea Real Estate targets potential clients such as state-owned enterprises and financially strong institutions lacking real estate development experience, ensuring project safety and profitability through rigorous assessments [7][9] - The company has successfully secured and operated several benchmark projects, demonstrating its market capabilities and strategic approach in established cities [8][9] Operational Achievements - As of the end of 2024, Midea Real Estate's property management area reached 75.38 million square meters, a 15% year-on-year increase, with significant revenue from industrial park contracts and commercial operations [12] - The company has developed a comprehensive service capability across various sectors, including healthcare and industrial park management, showcasing its ability to meet diverse client needs [11][12] Conclusion - Midea Real Estate's transformation path reveals that light asset strategies are not merely about collecting management fees but involve upgrading service capabilities, with a focus on maximizing client value [13]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688136 证券简称：科兴制药 公告编号：2025-034 科兴生物制药股份有限公司 第二届监事会第二十一次会议决议公告 表决结果：3票同意，0票反对，0票弃权。 特此公告。 科兴生物制药股份有限公司监事会 2025年6月11日 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 二、监事会会议审议情况 科兴生物制药股份有限公司（以下简称"公司"）第二届监事会第二十一次会议于2025年6月9日以现场的 方式召开。会议通知已于2025年6月6日发出。本次会议应出席监事3人，实际出席监事3人。 （一）审议通过《关于转让全资子公司股权的议案》 会议由监事会主席江海燕主持。会议召开符合有关法律、法规、规章和《公司章程》的规定。 公司监事会认为：考虑到公司全资子公司深圳同安医药有限公司（以下简称"同安医药"）近年来未实际 开展业务，将公司持有的同安医药100%的股权作价1,500万元转让给广西壮族自治区药物研究所有限公 司（以下简称"广西药研所"），有 ...