以下文章来源于极昼工作室 ，作者小昼 极昼工作室 . 为坚持严肃阅读的人群提供选项。搜狐新闻极昼工作室。 有贷款中介总结，这是一群"穷得稳定，没有闲钱，又想理财"的人。 文 ｜ 解亦鸿 吕煦宬 编辑 ｜ 毛翊君 来源｜ 极昼工作室（ID： media-fox） 封面来源 ｜ Pixabay "时间不等人" 3月31号上午，王树终于办下人生第一笔消费贷。一上午跑了三家银行，前两家没法立刻提款，到第三家，他一口气取出20万纸钞，又扭头进了两公里外 的另一家存起来。 一切都是为了黄金。今年三月，他刷短视频时，听人分析国际形势，判断黄金要涨。这个29岁的采矿工程师上头了，先用两个月的全部工资买入，又打电 话给妈妈，把工作四年来寄回家的工资全取出来，加仓20万。 三月底，金价连日攀升，王树还想继续加，但是拿不出更多的钱。根据涨幅，他简单算了一笔账，恨不得手里有1000万存款能用上，想着这样不出一年， 可以拿黄金当副业，班也不用好好上了，转岗当个门卫，混社保，节假日还有钱去旅行。 从采矿专业一毕业，王树就进入西北地区一家能源企业。工作第一年，他有时一天就往游戏里氪8000块钱。第二年他自称运气来了，别的企业都在降薪， 自 ...

Core Viewpoint - Youyou Food, known as the "first stock of spicy chicken feet," is experiencing management instability with its fourth secretary resigning since its IPO in 2019, reflecting growth anxiety despite its leading position in the niche market [1][2][7]. Management Changes - The company has seen four secretaries resign since its listing in May 2019, with the most recent, Liang Yu, leaving after just over three months in office [2][3][6]. - The current chairman, Lu Youzhong, is temporarily acting as the secretary due to the prolonged vacancy [1][5]. Financial Performance - Youyou Food's net profit attributable to shareholders has declined for three consecutive years from 2021 to 2023, raising concerns about its growth trajectory [1][7]. - However, there is a recent turnaround, with both revenue and net profit showing growth in 2024 and the first quarter of 2025, with a net profit increase of 35.44% year-on-year [2][7]. Strategic Partnerships - The collaboration with Sam's Club is seen as a potential new growth driver for Youyou Food, enhancing its sales channels and brand image [7][8]. - The company is optimistic about achieving a revenue growth of no less than 20% in 2025, supported by its strong financial position and strategic partnerships [8][9]. Financial Management - As of April 30, the company had invested a total of 12 billion yuan in financial management, with 8.3 billion yuan still unredeemed, raising questions about its investment confidence [9][10].

证券研究报告 | 2025年05月07日 银行理财 2025 年 5 月月报 优于大市 负债增长与产品配置的背离 4 月银行理财规模回到历史高位。因贸易战冲击，4 月份股弱债强，固收为 主的银行理财整体受益，规模加权平均年化收益率 2.70%，较上月提升，规 模也会回升到 30.8 万亿元，基本接近 2022 年下半年历史最高水平。因为一 季度债券表现不佳，理财总规模缩减近 1 万亿元；4 月以来增长显著，基本 达到了 2022 年"赎回潮"之前规模；当前银行理财增长驱动力在于：一是 最近股弱债强下的"跷跷板"效应，二是部分定期存款到期后搬家，三是银 行理财自身加大二季度营销力度，力推产品在收益上有竞争力，当前新发理 财平均受益基准在 2.50%以上，个别会达到 3%左右。 但同期理财没有同步于负债端增长做配置。4 月银行理财买入信用债力度一 般，反而加大了存单、金融二永债配置。判断有两方面，一是当前时点信用 债票息缺乏吸引力，目前产品负债端报价 2.5%，资产端信用债目前普遍在 2%以下，如果不考虑波段带来的交易机会，则当前资产与负债倒挂明显；二 是监管政策博弈，考虑之前浮盈释放行为政策上有不确定，银行理财 ...

Group 1 - The Guangdong Provincial Government has issued an implementation plan to boost consumption, emphasizing the expansion of property income channels [1] - Listed companies are encouraged to promote employee stock ownership plans to enhance shareholder engagement [1] - State-owned enterprises are urged to manage the market value of listed companies effectively to stabilize investor return expectations [1] Group 2 - The plan includes strict measures against financial fraud in the capital market and illegal share reductions by shareholders of listed companies [1] - Individual investors are supported in investing in government bonds in the exchange market [1] - The initiative aims to steadily expand the over-the-counter bond business and broaden residents' investment channels in bonds [1] Group 3 - There is a focus on enriching personal pension financial products to enhance retirement savings options [1] - The government is researching ways to activate and utilize legally owned housing by farmers through leasing, equity participation, and cooperation [1]

证券研究报告 | 2025年05月07日 银行理财 2025 年 5 月月报 优于大市 负债增长与产品配置的背离 4 月银行理财规模回到历史高位。因贸易战冲击，4 月份股弱债强，固收为 主的银行理财整体受益，规模加权平均年化收益率 2.70%，较上月提升，规 模也会回升到 30.8 万亿元，基本接近 2022 年下半年历史最高水平。因为一 季度债券表现不佳，理财总规模缩减近 1 万亿元；4 月以来增长显著，基本 达到了 2022 年"赎回潮"之前规模；当前银行理财增长驱动力在于：一是 最近股弱债强下的"跷跷板"效应，二是部分定期存款到期后搬家，三是银 行理财自身加大二季度营销力度，力推产品在收益上有竞争力，当前新发理 财平均受益基准在 2.50%以上，个别会达到 3%左右。 但同期理财没有同步于负债端增长做配置。4 月银行理财买入信用债力度一 般，反而加大了存单、金融二永债配置。判断有两方面，一是当前时点信用 债票息缺乏吸引力，目前产品负债端报价 2.5%，资产端信用债目前普遍在 2%以下，如果不考虑波段带来的交易机会，则当前资产与负债倒挂明显；二 是监管政策博弈，考虑之前浮盈释放行为政策上有不确定，银行理财 ...

Core Insights - The article provides a comparison of the annualized yields of various financial products offered by Tencent, WeChat, and Alipay, highlighting the differences in returns for consumers [1] Group 1: Annualized Yield Comparison - Tencent's LiCaiTong has a 7-day annualized yield ranging from 1.0670% to 1.4470% [1] - WeChat's WeChat Pay has a 7-day annualized yield ranging from 1.2030% to 1.3610% [1] - Alipay's Yu'e Bao shows a 7-day annualized yield ranging from 1.1520% to 1.5650% [1]

Group 1 - The rise of live streaming has created a significant impact on consumer behavior, leading many individuals to pursue a luxurious lifestyle beyond their financial means, resulting in dwindling savings and financial distress [1] - The convenience of various borrowing tools, such as credit cards and online loans, encourages impulsive spending, which can lead to a cycle of debt that is difficult to escape [5] - The current economic instability has increased the desire for stable employment, with many individuals flocking to civil service positions, yet even these jobs are not immune to financial pressures and uncertainties [9] Group 2 - The strong desire for wealth accumulation amidst economic challenges has led individuals to seek investment opportunities, but many overlook the inherent risks associated with high-return investments, which can result in significant financial losses [11] - It is crucial for individuals to choose investment strategies within familiar domains and to be cautious of advice from so-called "experts," as this can lead to financial pitfalls [11]

随着两大头部互联网银行微众银行、网商银行同日发布年报，包括新网银行、百信银行、苏商银行、亿联银行等在内的互联网型民营银行2024年"成绩单"纷 纷出炉。 5月6日，经北京商报记者统计，微众银行盈利能力持续领跑，网商银行牢牢占据第一梯队，但年内净利润有所下滑；另有3家互联网型银行出现增收不增 利，或与不良率上升、信用减值损失增加有关。 值得注意的是，纯线上展业的众互联网型银行，如今也面临着来自市场竞争、监管收紧的多方压力。头部机构谋转型，试图在出海、综合金融方面发力。曾 经依靠助贷、联合贷迅速起量的中小机构，则随着"助贷新规"出台迎来了新的大考。 | | 资产规模(亿元) | 营业收入(亿元) | 净利润(亿元) | 贷款余? | | --- | --- | --- | --- | --- | | 微众银行 | 6517.76 (21.7%) | 381.28 (-3.13%) | 109.03 (1%) | 4360 | | 网商银行 | 4710.35 (4.18%) | 213.14 (13.71%) | 31.66 (-24.67%) | 2984.54 | | 新网银行 | 1036.29 (0.68 ...

.01 瞬息万变的时代让人目不暇接，从前人们争先恐后购买房产，而如今，房子的魅力似乎骤然下降。正如马云所言，未来的房价将如葱般平凡，不少房产变得 与你的水瓶一样便宜。房价大幅缩水，贷款利率也在逐步下调，现金的购买力却在持续被侵蚀，如何保住手中的资产已成为大众面临的首要难题。 最近，一位富豪分享了四个理财妙招，帮助普通人在未来十年中积累财富。这些方法简单易行，普通人同样可以尝试： .02 黄金与稀有金属：真正的硬通货 面对国际局势的动荡，明智的人纷纷选择投资黄金。这不仅是因为黄金的稀缺性，更因其在不安定时期一直以来是价值存储的避风港。历史证明，越是动荡 不安，黄金的价值越是猛增。自1970年至今，金价已上涨了50倍，并保持着稳定的上升趋势。然而，购买黄金时也要有所节制，避免将所有资产投入其中， 把一部分作为"压箱底"的备用金是最明智的选择。 .03 精明的理财者早已发现，存在银行的存款正悄然贬值。在这种情况下，股票和基金犹如游戏中的经验包，选择得当便能加速财富的增长。然而，对于新手来 说，了解市场规则至关重要。高收益常常伴随着高风险，盲目跟风可能导致损失惨重。因此，在投资前，务必进行详尽的市场调研，以降低投资风 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In May, credit bond varieties with both coupon cost - effectiveness and liquidity are the preferred choices. For urban investment bonds, low - rated 3 - year - old and high - rated long - term bonds are recommended. For bank capital bonds, a balanced allocation strategy of extending duration for large - bank capital bonds and lowering credit rating for short - duration bonds is optimal [3][4]. - The rectification of wealth management's net - value smoothing methods will affect the investment preference for credit bonds, leading to an increase in the central value of credit spreads for ultra - long - duration and low - rated medium - and long - duration varieties [1][13]. 3. Summary According to the Directory 3.1 5 - Month Credit Bonds: Prioritize Varieties with Both Coupon Cost - Effectiveness and Liquidity - **Urban Investment Bonds**: In April, due to the US tariff policy, the 10 - year Treasury yield dropped, and credit bond demand was weak. The short - duration performance of urban investment bonds was superior, with the 1 - year yield down 12 - 15bp and the credit spread narrowing 5 - 7bp. The trading sentiment of urban investment bonds fluctuated in April. Low - rated varieties remained actively traded, while the proportion of trades over 3 years decreased. In May, low - rated 3 - year and high - rated long - term urban investment bonds have potential for credit spread compression. High - grade long - term bonds are waiting for trading opportunities when interest rates decline [9][15][19]. - **Bank Capital Bonds**: In April, the yields of bank capital bonds declined, and short - duration bonds performed better. In May, if the bond market fluctuates, a balanced allocation strategy of extending duration for large - bank capital bonds and lowering credit rating for short - duration bonds can obtain good coupon income. If "loose monetary" policies are implemented, 4 - 5 - year large - bank capital bonds can increase returns [25][29][30]. 3.2 Urban Investment Bonds: Negative Net Financing, Short - Duration Performance is Superior - In April, the issuance scale of urban investment bonds decreased year - on - year, with negative net financing. The issuance sentiment was good, and the issuance proportion of bonds over 3 years increased. The issuance interest rates of all maturities decreased, with larger declines in the medium - and short - term. The net financing of urban investment bonds varied by province, with more than half of the provinces having negative net financing. The secondary - market trading sentiment first declined and then increased, with short - duration and low - rated bonds being actively traded [35][40][46]. 3.3 Industrial Bonds: State - owned Enterprises Supply Long - Duration Bonds, Yields Decline Across the Board - In April, the issuance and net financing of industrial bonds increased year - on - year. The issuance proportion of 3 - 5 - year and over - 5 - year bonds increased, and the supply of over - 5 - year bonds came from large state - owned enterprises. The issuance interest rates declined across the board, with larger declines in the short - and medium - term. The yields of industrial bonds declined across the board, with short - duration bonds performing better, and the credit spreads of most maturities widened passively [52][54][55]. 3.4 Bank Capital Bonds: Weak Performance of 5 - Year Bonds, Average Trading Sentiment - In April, the yields of bank capital bonds declined, and short - duration bonds performed better, while the 5 - year credit spreads generally widened. Historically, in May, the bank capital bond market has good sentiment, with yields declining and credit spreads narrowing. In May, a balanced allocation strategy of extending duration for large - bank capital bonds and lowering credit rating for short - duration bonds is recommended [25][29][30].