证券日报网讯12月15日，科锐国际（300662）在互动平台回答投资者提问时表示，公司始终秉持"价值 创造与价值传递并重"的市值管理理念，致力于通过提升企业内在价值来推动公司高质量发展。公司持 续强化主业核心竞争力，通过"技术+平台+服务"生态模式提升经营质量；严格执行限制性股票激励计 划，将高管及核心员工利益与公司长期价值绑定；建立常态化的投资者沟通机制，通过业绩说明会、机 构调研等形式加强市场预期引导。关于控股股东的减持计划，这是股东基于自身资金需求和投资决策进 行的正常行为，不会影响公司长期的经营和发展。公司将持续关注资本市场动态，并适时采取合法合规 措施维护广大投资者权益。未来，公司将持续通过提升经营业绩、优化公司治理、加强信息披露、增强 投资者沟通等多维度推动价值实现。敬请投资者注意投资风险，理性决策。 ...

Core Viewpoint - The stock of LeMo Technology (02539) has experienced significant volatility, with a surge in price following its IPO, revealing the dynamics of major capital movements and the underlying reasons for the reluctance to sell shares [1][2]. Group 1: Company Overview - LeMo Technology is a leading provider of shared massage equipment, achieving an oversubscription of 5912.8 times during its IPO, indicating strong investor interest [2]. - The company has maintained a dominant position in the massage chair market, ranking first in China by transaction value from 2022 to 2024, with a projected market share exceeding 50% in 2024 [10][11]. Group 2: Financial Performance - The company's revenue growth is showing signs of slowing down, with a compound annual growth rate (CAGR) of 55.5% from 2022 to 2024, but a decrease to 35.9% in 2024 and further down to 13.72% in the first eight months of 2025 [10]. - Profitability metrics indicate a net profit margin of 2.58%, 16.12%, 12.78%, and 15.75% over the same period, influenced by a fluctuating gross margin [10]. Group 3: Business Model and Strategy - LeMo Technology operates under a dual business model of "direct sales + city partners," focusing on high-traffic areas such as shopping malls and transportation hubs, with over 48,000 service points established [11]. - The company has faced challenges with profitability due to rapid expansion, leading to underutilization of massage chairs, as evidenced by a 90% increase in equipment quantity but a 31% decrease in daily transaction volume per chair [11]. Group 4: Market Dynamics - The Chinese massage service market is relatively small, projected to grow from 2.707 billion yuan in 2024 to 5.606 billion yuan by 2029, with a CAGR of 15.9% [12]. - LeMo Technology's core market is commercial complexes, but the growth potential appears limited given the overall market size and competition [12]. Group 5: Stock Performance and Investor Sentiment - The stock price of LeMo Technology has increased by over 58% from its IPO price, despite experiencing a 25.2% pullback after initial gains, indicating strong holding sentiment among investors [1][3]. - Major institutional investors, such as Futu Securities, have shown a tendency to hold their positions, suggesting confidence in the stock's future performance [5].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 而对于飞天茅台价格走低一事，该工作人员表示，从行业来看，茅台产品价格相对较为稳定，500毫升飞天茅台价格跌破1499 元/瓶，主要是有些平台有平台补贴，当然也不排除为博流量而设置较低价格，当前500毫升飞天茅台价格已有所回升。 事实上，贵州茅台在11月28日的股东会上就曾明确，将科学统筹好短期和长期的关系，不会"唯指标论"，不会以牺牲长远发展 换取短期利益，不会违背市场规律强压指标，不会损害投资者、渠道商和消费者权益。 当前，机构层面对茅台的控量措施普遍持积极态度。花旗指出，茅台在中期分红后推进的控量措施已落地执行，这一举措有利 于稳定批发价及股价，"大幅降低经销商非飞天产品配额要求"是缓解经销商营运资金压力的关键举措，因此维持贵州茅台"买 入"评级。 东吴证券的最新研报也认为，贵州茅台推出"控量政策"，短期减负，中期非标茅台酒减量释放结构压力。公司将提升开瓶及消 费者基数作为扩大品牌影响力的重要落地抓手，一方面继续加强"供需适配"，"一品一策"思路更加清晰，帮助产品更贴近市场 需求；另一方面通过减少非标倒挂拖累，及时保障经销渠道利润， ...

事实上，贵州茅台在11月28日的股东会上就曾明确，将科学统筹好短期和长期的关系，不会"唯指标 论"，不会以牺牲长远发展换取短期利益，不会违背市场规律强压指标，不会损害投资者、渠道商和消 费者权益。 当前，机构层面对茅台的控量措施普遍持积极态度。花旗指出，茅台在中期分红后推进的控量措施已落 地执行，这一举措有利于稳定批发价及股价，"大幅降低经销商非飞天产品配额要求"是缓解经销商营运 资金压力的关键举措，因此维持贵州茅台"买入"评级。 东吴证券的最新研报也认为，贵州茅台推出"控量政策"，短期减负，中期非标茅台酒减量释放结构压 力。公司将提升开瓶及消费者基数作为扩大品牌影响力的重要落地抓手，一方面继续加强"供需适 配"，"一品一策"思路更加清晰，帮助产品更贴近市场需求；另一方面通过减少非标倒挂拖累，及时保 障经销渠道利润，也有助于凝聚经销商力量，充分挖掘拓客推广潜力。 12月15日，贵州茅台（600519.SH）股价延续了近期反弹态势，盘中涨超1%，截至午盘，报1427.66元/ 股，涨幅达0.49%，上周五已重回A股股王宝座。与此同时，其核心产品飞天茅台的市场价格同步回 暖，此前跌破官方指导价的颓势得到扭转。第三 ...

Group 1 - The core viewpoint of the news is that the State-owned Enterprise Dividend Index has shown positive performance, with significant increases in specific constituent stocks, indicating a favorable environment for dividend-paying stocks [1][2]. - As of December 15, 2025, the State-owned Enterprise Dividend Index rose by 0.56%, with notable stock performances including COFCO Sugar rising by 9.99% and Shanxi Coal International by 4.00% [1]. - The State-owned Enterprise Dividend ETF (159515) also experienced an increase of 0.53%, reflecting strong investor interest in dividend-paying assets [1][2]. Group 2 - The liquidity of the State-owned Enterprise Dividend ETF has improved, with an average daily transaction volume of 2.7164 million yuan over the past month and a weekly scale growth of 2.3717 million yuan [1]. - The ETF's share count increased by 3 million shares in the past week, indicating a significant uptick in investor participation [1]. - The State-owned Enterprise Dividend Index is designed to reflect the performance of 100 listed companies with high cash dividend yields and stable dividend policies, which are selected from state-owned enterprises [2]. Group 3 - The report highlights that dividend assets are attractive in a low-interest-rate environment, appealing to risk-averse investors seeking stable returns [2]. - The manufacturing PMI showed a slight recovery to 49.2% in November, indicating improvements in both production and demand, which supports the overall economic stability [2]. - The top ten weighted stocks in the State-owned Enterprise Dividend Index account for 16.99% of the index, with companies like COSCO Shipping and Jizhong Energy among the leaders [2][4].

12月15日消息，从中国石化获悉，中国石化12月11日至12日在广东湛江举办上市25周年投资者反向路演 活动。在交流环节，中国石化董事会秘书、副总裁黄文生回顾了公司上市25年来取得的发展成果，对未 来发展方向进行了展望。来自经济技术研究院和北京化工研究院的高级专家分别介绍石化行业展望和技 术发展趋势，茂名石化和中科炼化主要负责人介绍企业发展特色和未来发展目标。 来自新华资产、嘉实基金、Aberdeen公司、美国银行、摩根士丹利、中金公司、长江证券等境内外近70 名投资者、分析师参与交流，并现场参观茂名石化和中科炼化。 中国石化方面表示，今年是中国石化上市25周年，也是公司市值管理制度制定并实施的第一年。组织反 向路演旨在促进资本市场对公司全方位的了解，增进市场认同，积极听取投资者的有益建议，进一步提 高上市公司质量。（刘丽丽） 责任编辑：江钰涵 12月15日消息，从中国石化获悉，中国石化12月11日至12日在广东湛江举办上市25周年投资者反向路演 活动。在交流环节，中国石化董事会秘书、副总裁黄文生回顾了公司上市25年来取得的发展成果，对未 来发展方向进行了展望。来自经济技术研究院和北京化工研究院的高级专家分别 ...

Group 1 - The core viewpoint of the article highlights that as of December 13, 26 A-share listed banks have disclosed their mid-term or quarterly dividend plans for 2025, surpassing the 24 banks that did so in the same period of 2024, with total dividends expected to exceed 260 billion yuan [1][3] - The banks disclosing dividend plans include 6 large state-owned banks, 6 joint-stock banks, and 14 small and medium-sized banks, with the six major state-owned banks expected to contribute over 200 billion yuan in cash dividends [3] - Industrial and Commercial Bank of China leads with an estimated dividend of approximately 50.4 billion yuan, followed by China Construction Bank, Agricultural Bank of China, Bank of China, Postal Savings Bank of China, and Bank of Communications [3] Group 2 - Joint-stock banks such as Industrial Bank and CITIC Bank are expected to have mid-term dividends exceeding 10 billion yuan, while China Everbright Bank and Minsheng Bank are projected to exceed 5 billion yuan [3] - Some small and medium-sized banks, like Shanghai Bank and Nanjing Bank, also show significant dividend amounts, with several banks like Industrial Bank and Ningbo Bank introducing mid-term dividend plans for the first time [3] - The increase in dividend frequency among commercial banks is a response to the new "National Nine Articles" aimed at promoting multiple dividends per year for listed companies, enhancing the connection between company profits and investor returns [3] Group 3 - More frequent dividends can directly enhance shareholder satisfaction, allowing investors to share in the banks' operational success in a timely manner [4] - Stable cash returns align well with the investment needs of long-term funds such as social security funds, pension funds, and insurance capital, helping to attract these funds for long-term holding [4] - The positioning of banks as dividend-oriented can create a virtuous cycle of attracting long-term capital, enhancing stock price stability, and reducing abnormal price fluctuations caused by short-term speculation [4]

12月12日，《上市公司市值管理的道与术》培训在云南省股权交易中心开讲，来自云南省和重庆市的30 多家上市企业的董事、高管、财务总监等100多人共同学习。这是云南省首次举办相关培训，主讲嘉宾 来自上海荣正集团董事长郑培敏，他用30年的从业经验，对国家政策深度解读，并给予了市值管理的实 操方法和工具，让听众学习了最前沿的咨询和专业的知识。 开讲现场，主讲嘉宾从把握市值管理的三板斧"高""优""强"，从市值诊断到市值提升，再到市值实现， 均给予了完整的可实操方案，还用现实的案例深度解析了方法可行性，尤其对市值提升的"五大阳谋"精 准到位的剖析，让学习者耳目一新，既易消化吸收，又可行之有效！ 据了解，本次会议由云南省上市公司协会和重庆市上市公司协会联合主办，特邀清华大学经济学院硕 士，中国国际商学院DBA博士生，荣正集团创始人郑培敏亲临授课，现场反响强烈，同时还对云南现 有的资源体系结合未来的发展趋势，分析了具有上市潜力的行业，给予了拓展相关产业的建议。 云南省政府原正厅级参事、文化厅副厅长花泽飞致辞，就中央经济工作中的四个坚持作了深刻的阐述， 也为上市公司2026年的经济工作指导了重点和方向。省上市公司协会副会长 ...

Core Viewpoint - The article discusses a new trend in the A-share market where companies are engaging in "physical dividends" to enhance shareholder experience and interaction, moving beyond traditional cash dividends and stock bonuses [1][2]. Group 1: Shareholder Engagement Initiatives - Emei Mountain A plans to offer free entrance tickets to its scenic area for shareholders holding more than 500 shares as part of its 2025 shareholder reward program [1]. - Over 30 listed companies have initiated similar engagement activities, providing products, coupons, and tourism rights to their investors [1][2]. - The trend includes a variety of sectors, such as food, home appliances, health products, and cultural tourism, showcasing a diverse approach to shareholder rewards [2]. Group 2: Benefits of Physical Dividends - Physical dividends can create a closed-loop ecosystem of "investment-consumption," enhancing shareholders' understanding of the company's product strength and brand vitality [6]. - This approach can serve as a low-cost, high-return brand public relations strategy, transforming shareholders into brand advocates through personal product experiences [6]. - It aligns with regulatory goals to enhance investor satisfaction, providing tangible rewards that can improve investor sentiment amidst market volatility [7]. Group 3: Risks and Challenges - There is a risk of prioritizing physical rewards over fundamental company performance, which could lead to shareholder dissatisfaction if the company's financial health is not strong [8]. - The disparity in shareholding can create fairness issues, potentially alienating minority shareholders while favoring larger ones [8]. - Implementing a physical rewards system introduces new operational costs and management challenges, which could backfire if not handled properly [8]. Group 4: Strategic Insights for Consumer Companies - Companies must ensure their products can impress even the most discerning shareholders, as this reflects their broader market potential [9]. - The goal should be to transition shareholders from passive investors to active partners in the company's growth, fostering a sense of shared identity and collaboration [9]. - Compliance with regulations is crucial to avoid legal risks, ensuring that all reward initiatives are transparent and fair [9][10]. Group 5: Conclusion on Value Creation - The ultimate aim of these initiatives is to create a value-sharing ecosystem among brands, users, and investors, moving beyond short-term stock price fluctuations [11]. - Companies should strive to make every shareholder a passionate advocate for their products, enhancing long-term loyalty and brand strength [11].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600386 证券简称：北巴传媒 公告编号：临2025-035 北京巴士传媒股份有限公司 关于2025年半年度暨第三季度业绩说明会 召开情况的公告 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。 2025年12月12日15:00-16:00，北京巴士传媒股份有限公司（以下简称"公司"）通过上海证券交易所上证 路演中心（http://roadshow.sseinfo.com）召开了公司2025年半年度暨第三季度业绩说明会。现将说明会 召开情况公告如下： 一、业绩说明会召开情况 问题2：公司本期有分红吗？ 答：您好，公司已于2025年8月26日完成2024年度利润分配，以公司总股本806,400,000股为基数，每股 派发现金红利0.01元（含税），共计派发现金红利8,064,000.00元。谢谢。 问题3： 京津冀一体化发展，公司在两市一省的业务发展上有什么规划？ 答：您好，公司将结合自身发展战略与实际经营情况，择机积极推进参与京津冀一体化发展相关工作， 助力区域协同建 ...