皖通高速 20250602 摘要 皖通高速核心路段如合宁、高界、宣广高速贡献主要营收和利润，2024 年合宁高速毛利占比 39%，高界占比 25%，三条路总占比超 75%。未 来随着宣杭高速通车，宣广高速通行费收入预计显著增长。 安徽省差异化收费政策及拟收购资产（抚州和四许高速）预计提升皖通 高速盈利能力。差异化收费减少货车减免金额约 1.1 亿，收购资产预计 在 2025-2026 年分别贡献净利润 2.27 亿和 2.42 亿元。 皖通高速单公里运输费收入在行业内领先，2024 年达 629 万元/公里， 排名第三。货车比例较高，如芜合高速货车占比 26%，部分路段超 70%，与宏观经济关联紧密，经济复苏时弹性更大。 高速公路改扩建显著提升盈利能力。合宁高速改扩建完成后车流量同比 增长 41%，通行费收入增长 19%。宁宣杭高速断头路打通后，通行费 收入同比增长 190%，2024 年毛利达 1.66 亿元。 皖通高速采用直线折旧法，前期折旧费用较高，后期折旧费用相对较少。 新版收费公路管理条例若延长东部地区收费期限，将显著提升公司公路 资产价值和投资回报率。 Q&A 皖通高速作为交运红利中的核心标的，其 ...

转自：快递观察家 文 | 快递观察家 又到一年618大战，这一次，快递企业们瞄准了冷链，并且是国际冷链。 近日，中通国际为伊利量身定做了全链条冷链服务，将一车冰淇淋从伊利中国工厂，送到了东南亚国家 柬埔寨，中途不换柜不断冷，冰淇淋到了柬埔寨后，也是由中通冷链负责，配送给各地的商超或者分销 商。 值得一提的是，在配送方面，金边市内的商超或者分销商3小时内就能收到冰淇淋，市外的配送最快可 以次日达。 亿豹网了解到，实际上，中通中柬国际冷链，向海外运送的不止冰淇淋，还包括云南的鲜花、水果、蔬 菜、冻品等，都能进行跨境运输销售。 中通顺丰京东纷纷发力 单就冷链业务来看，中通并不算是行业首发，但胜在投入大且市场反馈良好。 2020年，中通正式启动冷链业务，采用的是直营+加盟模式，2022年底，就已经有了网点1200+，路由 1400条+，区县覆盖60%，2023年覆盖70%，上线中通冷链小零担，确保速度与安全的情况下实施"门到 门"的全程冷链模式。 2024年，中通冷链一站式全场景产品布局初步完成，进入生态冷链协同发展之路。 近日和伊利的柬埔寨合作之旅，进一步证明中通冷链业务已经具备完善的服务能力，且能实现跨境服 务， ...

国投证券股份有限公司 关于北京金橙子科技股份有限公司 差异化权益分派事项的核查意见 国投证券股份有限公司（以下简称"国投证券"或"保荐机构"）作为北京 金橙子科技股份有限公司（以下简称"金橙子"或"公司"）首次公开发行股票 并在科创板上市的保荐机构，根据《公司法》 《证券法》 《上市公司股份回购规则》 《上海证券交易所上市公司自律监管指引第 7 号——回购股份（2025 年 3 月修 订）》等法规的有关规定，对金橙子 2024 年年度利润分配方案涉及的差异化权益 分派事项进行了核查，具体情况如下： 一、本次差异化权益分派的原因 由于公司本次进行差异化分红，上述公式中现金红利指根据总股本摊薄调整 后计算的每股现金红利，计算公式如下： 虚拟分派的现金红利=（参与分配的股本总数×实际分派的每股现金红利）÷ 总股本=（100,919,992×0.065）/102,666,700≈0.06389 元/股 公司于 2024 年 2 月 19 日召开了第四届董事会第四次会议，审议通过了《关 于以集中竞价交易方式回购公司股份方案的议案》，同意公司以自有资金、首次 公开发行人民币普通股取得的超募资金或金融机构借款通过上海证券交 ...

国泰海通证券股份有限公司 关于上海毕得医药科技股份有限公司 差异化分红的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 上海毕得医药科技股份有限公司（以下简称"毕得医药"或"公司"）首次公开 发行股票并在科创板上市持续督导期间的保荐机构，根据《证券发行上市保荐业 务管理办法》《上海证券交易所科创板股票上市规则》等有关法律法规和规范性 文件的要求，对毕得医药 2024 年度利润分配所涉及的差异化分红（以下简称"本 次差异化分红"）相关事项进行了核查，具体情况如下： 一、本次差异化分红的原因 公司第一次回购方案：2023 年 12 月 8 日召开第二届董事会第五次会议审议 通过了《关于以集中竞价交易方式回购公司股份方案的议案》，同意公司使用超 募资金及自有资金通过上海证券交易所交易系统以集中竞价交易方式进行回购 股份，回购的股份将全部用于员工持股计划或股权激励。回购股份价格不超过人 民币 95 元/股（含），回购的资金总额不低于人民币 5,000 万元（含），不超过 人民币 10,000 万元（含）。回购期限为自董事会审议通过本次回购方案之日起不 超过 12 个月。 公司第二次回购方 ...

证券代码：688291 证券简称：金橙子 公告编号：2025-018 北京金橙子科技股份有限公司 本公司董事会及全体董事保证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。 重要内容提示： ? 是否涉及差异化分红送转：是 ? 每股分配比例 每股现金红利0.065元 股权登记日 除权（息）日 现金红利发放日 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 19 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东 （北京金橙子科技股份有限公司回购专用证券账户除外）。 （1）差异化分红方案 根据公司 2024 年年度股东大会审议通过的《关于 2024 年度利润分配方案的 议案》，公司 2024 年度拟以实施权益分派股权登记日登记的总股本扣减公司回购 专用证券账户中的股份为基数分配利润，向全体股东每 10 股派发现金红利 0.65 元（含税）。本次利润分配不送红股，不以公积金转增股本 ...

Group 1 - The core viewpoint of the news is that Xi Di Wei is experiencing improvements in revenue and net profit due to increased customer demand, new business line revenue, and enhanced operational efficiency through cost control [1] - The company plans to enhance product value through iteration and new product development while optimizing cost structure to improve gross margin [1] - Research and development investment will remain at a reasonable level in 2025, with a focus on controlling sales and management expenses [1] Group 2 - Xi Di Wei has established collaborations in the smart wearable sector, primarily focusing on power management chips, with future potential in voice coil motor driver chips [1] - The acquisition of Chengxin Micro is under review, and it is expected to contribute significantly to financial performance from 2025 to 2027 [1] - In response to the slowing growth in smartphone shipments, the company is shifting towards diversification and differentiation by developing customized chip products [1]

Core Insights - The report titled "2024 Chinese Digital Music White Paper" by Tencent Music Research Institute focuses on the overall landscape and trends of the Chinese digital music industry, showcasing industry dynamics and transformations through data insights, industry trends, cross-industry cases, and work reviews [1]. Group 1: Global and Chinese Market Data Insights - The global music market revenue is projected to grow from $70.7 billion in 2023 to $76.2 billion in 2024, with live performances remaining the largest revenue source at 46.1% [2][28]. - In China, recorded music revenue increased by 9.6% year-on-year, with online music paying users reaching 180 million, and Tencent Music's paying users rising to 121 million, reflecting a growing willingness to pay and improved service quality [2][34]. - The production of Chinese new songs surged to 1.351 million in 2024, driven by AI technology, while the number of long-tail songs (annual plays <1000) doubled, indicating intensified market competition and content diversification [2][45]. Group 2: Industry Core Trends - "County Narrative" has emerged as a focal point for creation, with local culture becoming a significant theme, as seen in works like "Factory" by Henan's rap artist, which resonates with societal issues [3]. - The "Silver Economy" is shifting from passive consumption to active participation, with the over-60 population exceeding 300 million, showcasing their potential in cultural consumption through events and user-generated content [4]. - The music festival market is experiencing intensified competition, with differentiation becoming crucial through unique artist lineups and cross-industry collaborations [5]. Group 3: Cross-Industry Cases - The game music for "Black Myth: Wukong" integrates diverse musical elements, showcasing the role of music in interactive storytelling and enhancing game promotion [6]. - Duolingo's music courses utilize gamification to lower barriers to learning instruments, achieving 3 million daily active users within six months [7]. - Innovative marketing strategies in live performances, such as the integration of nature and music festivals, demonstrate the potential of live music as a marketing medium [8]. Group 4: Annual Works and Industry Value Outlook - The white paper highlights the top ten artists, songs, and albums of the year, with notable performances from artists like Zhou Shen and Wang Sulong, indicating a balance between popularity and professionalism in music [9]. - The future challenges for the industry lie in embracing cross-industry thinking to break down barriers and adapt to technological changes while balancing content quality and commercial value [9].

21世纪经济报道记者闫硕北京报道 近日，国家医保局发布《关于对定点零售药店药师"挂证"等情况开展核查的公告》(以下简称《公 告》)，掀起新一轮对"影子药师"的专项检查风暴，严打违规执业行为。 根据《公告》，国家医保局对全国定点零售药店4月份以来的医保结算数据进行了筛查分析发现，部分 药师姓名(对应同一身份证号)出现在多家定点零售药店的药品费用明细中，可能存在药师信息被假冒或 药师"挂证"的违规情况。共涉及24个省份、2万余家定点零售药店、近千名药师。 执业药师是开展药品质量管理和提供药学服务的专业力量，药品零售企业按规定配备执业药师是维护公 众用药安全的基本要求。然而，近些年，执业药师被假冒或"挂证"的现象并不鲜见。这种"人证分离"的 违规行为，严重冲击着公众用药的安全防线。 近年来，相关部门通过开展执业药师"挂证"专项整治行动，充分运用5G网络、大数据等技术，持续加 大打击力度，并推动执业药师监管工作常态化、规范化和制度化。2025年是"差异化配备执业药师"政策 过渡的收官之年，监管也将迎来新阶段。 国家医保局在《公告》中明确，将通过日常巡查、专项检查、智能监控、数据筛查等多种方式，不定期 对定点零售药店药 ...

Group 1 - The core point of the news is that Nanchao Food (605339) has announced a cash dividend of 0.17 yuan per share, which will be distributed on June 10, 2025, following the approval at the annual shareholders' meeting [1][2] - As of May 30, 2025, Nanchao Food's stock price closed at 17.77 yuan, reflecting a 5.71% increase from the previous week, with a total market capitalization of 7.54 billion yuan [1] - The company ranks 10th out of 23 in the leisure food sector and 2041st out of 5146 in the overall A-share market capitalization [1] Group 2 - The cash dividend distribution will be based on a total share count of 420,850,647 shares, resulting in a total cash dividend payout of approximately 71.54 million yuan (including tax) [2] - The ex-dividend reference price is calculated to be 16.45 yuan per share, with a minimal impact on the stock price due to the dividend distribution [2] - The legal opinion confirms that the differentiated dividend distribution complies with relevant laws and regulations, ensuring no harm to the interests of the company and all shareholders [2]

Group 1 - Securities firms are focusing on accelerating the transformation towards buy-side advisory services as a strategy to enhance traditional brokerage business [2][8] - The wealth management business is identified as a cornerstone for securities companies, with a growing demand for long-term capital and wealth management services [2][4] - Digital transformation is a key area of interest, with AI models like DeepSeek driving advancements in the industry [3][8] Group 2 - Ordinary investors are primarily concerned with stock buybacks, dividends, and market capitalization management, reflecting a need for improved investor returns [4][5] - Companies are implementing measures to enhance market value, including stable cash dividend policies and improved investor relations [4][5] - The establishment of structured value management systems is being prioritized by firms to ensure orderly market value management [5] Group 3 - The future development of the industry is expected to focus on high-quality growth, with an emphasis on governance, AI applications, and resource integration [7][8] - A competitive landscape is emerging, with a coexistence of full-service investment banks and specialized brokers, driven by accelerated mergers and acquisitions [7][8] - Differentiated competition is becoming more pronounced, with a focus on functional service enhancement and proactive management capabilities in asset management [8]