1. 同程旅行第四季度业绩预期怎么样？ 截至2025年12月09日，根据朝阳永续季度业绩前瞻数据： 预测营业收入45.70~48.44亿元，同比增长7.9%~14.3%； 预测净利润4.15~7.95亿元，同比增长18.3%~126.7%； 预测经调整净利润7.24~7.58亿元，同比增长9.6%~14.8%。 关注后续财报数据披露后能否超预期，朝阳永续港股季度业绩前瞻数据将为投资者提供业绩鉴定。 | 机构简称 | | (营业收入 | | 净利润 | 同比 | 经调整净利润 | 同比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 卖方预测区间 | | 45.70~48.44 | 7.9%~14.3% | 4.15~7.95 | 18.3%~126.7% | 7.24~7.58 | 9.6%~14.8% | | 平均数 | | 47.41 | 11.9% | 6.12 | 74.5% | 7.41 | 12.3% | | 中位数 | | 47.46 | 12.0% | 6.04 | 72.2% | 7.39 | 11.9% | | 华泰证券 | 20 ...

Core Viewpoint - Guiyang Bank has appointed Li Hongqing as the new vice president, completing its executive structure of "one president and four vice presidents," which aims to address the challenges of performance pressure and weak grassroots risk control [2][11]. Group 1: Executive Changes - The Guizhou Regulatory Bureau has approved Li Hongqing's appointment as vice president of Guiyang Bank, following his previous role as board secretary [2][3]. - Li Hongqing, born in 1982 and the youngest executive at the bank, holds a PhD in management and has extensive experience in various roles within the bank and other financial institutions [3][5]. - The new executive structure includes Chairman Zhang Zhenghai, President Sheng Jun, and four vice presidents: Li Songyun, He Kaqiang, Li Ningbo, and Li Hongqing [3]. Group 2: Financial Performance - As of September 2025, Guiyang Bank's total assets reached 746.589 billion, with total deposits of 435.027 billion and total loans of 345.741 billion [6]. - The bank's operating income for the first three quarters of 2025 was 9.435 billion, a year-on-year decrease of 13.73%, while net profit attributable to shareholders was 3.915 billion, a slight decline of 1.39% [6][7]. - The bank's net interest income decreased by 1.065 billion, a drop of 12.29%, and the net interest margin fell by 0.23 percentage points to 1.57% [7][8]. Group 3: Asset Quality and Risk Management - As of September 2025, the non-performing loan ratio was 1.63%, showing improvement from 1.7% in June, but still high compared to peers [9]. - The bank's provision coverage ratio was 239.59%, above the regulatory requirement, but has decreased since the beginning of the year [9]. - Guiyang Bank has faced multiple regulatory penalties for inadequate credit review and management, raising concerns about its compliance capabilities [10]. Group 4: Challenges Ahead - The new executive team is tasked with improving compliance management and addressing the challenges of performance pressure and weak grassroots risk control [11]. - The bank's operational efficiency has declined, with the cost-to-income ratio rising to 28.09%, indicating increased cost control pressures [8]. - The bank's ability to maintain its capital adequacy ratios and manage credit quality will be critical in navigating potential risks in the future [9].

证券日报网讯 12月8日，沃尔核材在互动平台回答投资者提问时表示，公司高度重视与广大投资者的沟 通，始终在严格遵守相关法律法规的基础上，结合实际情况审慎、严谨解答每位投资者的问题。坚实的 产业根基与可持续的业绩增长是公司市值长期稳健的核心支撑，公司管理层将持续勤勉尽责，不断提升 公司综合竞争力和持续盈利能力，全力推动业绩高质量增长，同时也将立足自身实际，多措并举传递公 司经营理念和投资价值，促进内在价值与市场价值协同发展。 （编辑 袁冠琳） ...

Core Viewpoint - Anker Innovations Technology Co., Ltd. has submitted its application for a dual listing on the Hong Kong Stock Exchange after five years of being listed on the A-share market, aiming to raise funds for product iteration, diversification, R&D, talent acquisition, and brand enhancement [1] Financial Performance - Anker's revenue has increased by 1.64 times over the past five years, growing from 9.353 billion yuan in 2020 to 24.71 billion yuan in 2024, while net profit rose from 856 million yuan in 2020 to 2.114 billion yuan in 2024 [3][4] - In Q3 2025, the company reported revenue of 8.15 billion yuan, a year-on-year increase of 19.9%, and a net profit of 770 million yuan, up 27.8% year-on-year [4] Revenue Breakdown - The company has three main product lines: smart charging and energy storage (51% of revenue), smart home and innovation (26%), and smart audio-visual products (23%) for the year 2024 [1] - In 2024, Anker's overseas market revenue accounted for 96.4% of total revenue, with 48.1% from North America, 23% from Europe, and 25.3% from other global regions [5] Market Position - Anker is the second-largest player in the global mobile charging market by retail sales since 2020 and the largest independent mobile charging brand in North America, with a projected market share of 5% in 2024 [1]

截至2025 年上半年，公司现金及现金等价物96.5 亿元，较2024 年末下降2.5%；费用率5.4%，较2024 年 同期下降0.9pct。现金依旧维持健康状态，经营效率持续提升。 2025 年上半年公司实现营收83.9 亿，同比+6.6%。其中物业管理服务营收较2024 年同期增加13.1%。核 心业务物业管理服务有较高增速，总体营收增加。公司平均物业单价提升至2.47 元/平米，较2024 年提 升0.14 元/平米。受房地产行业下行及大环境影响，非业主增值服务收入减少16.1%，小区增值服务收入 减少约3.7%。公司营业成本67.7 亿，同比增长8.0%，毛利率19.4%，同比下降1.1pct。权益股东应占净 利润为8.9 亿，同比+5.3%。 规模保持扩张，第三方外拓亮眼 受益于新项目定价标准的提升，公司2025 年上半年住宅项目的单价较去年同期有所提升，物业管理服 务毛利率为16.6%，同比下降0.2pct。截至2025 年上半年末，公司来自控股股东保利发展的在管面积为 3.6 亿平米，同比增长3.1%。公司能从控股股东获得持续的支持。同时公司坚持外拓，开拓第三方项 目，截止2025 年上半年， ...

房地产服务 执业证书编号：S0740523020005 Email：youzp@zts.com.cn 执业证书编号：S0740523080001 1、《收入业绩稳健增长，分红率提 升》2025-04-08 保利物业（06049.HK） 证券研究报告/公司点评报告 2025 年 12 月 07 日 | 评级： | 买入（维持） | 公司盈利预测及估值 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 指标 | 2023A | 2024A | 2025E | 2026E | 2027E | | 分析师：由子沛 | | 营业收入（百万元） | 15,070 | 16,342 | 17,650 | 18,885 | 20,207 | | 执业证书编号：S0740523020005 | | 增长率 yoy% | 10% | 8% | 8% | 7% | 7% | | Email：youzp@zts.com.cn | | 归母净利润（百万元） | 1,380 | 1,474 | 1,596 | 1,711 | 1,843 | | | | ...

12月5日，安记食品（603696.SH）发布关于股票交易异常波动的公告，向投资者提示交易风险。 公告显示，公司股票在2025年12月4日和12月5日连续2个交易日内收盘价格涨幅偏离值累计超过20%，根据有关规定，属于股票交易异常波动情形。 公司股票价格短期累计涨幅较高，存在非理性炒作风险，明显高于同期同行业及上证指数涨幅，公司股票于2025年12月2日、12月3日、12月4日和12月5日连 续4个交易日涨停，累计涨幅46.39%，明显高于同行业及上证指数同期水平。 市盈率和换手率较高，截至2025年12月5日，公司所处调味品行业平均市盈率为31.18倍，公司当前市盈率为113.80倍，明显高于同行业同期水平。公司股票 2025年12月1日、12月2日、12月3日、12月4日和12月5日换手率分别为9.03%、11.65%、25.99%、19.79%和10.45%，平均换手率为9.97%，近期换手率较高。 经公司自查，公司目前生产经营情况正常，内外部经营环境未发生重大调整，内部生产经营秩序正常。截至本公告披露日，公司及控股股东、实际控制人不 存在涉及上市公司的重大资产重组、股份发行等重大事项。公司未发现其他可 ...

Core Viewpoint - BYD Electronics is expected to report Q4 revenue between 54.969 billion to 67.263 billion yuan, with a year-on-year change of -0.4% to 21.9%, and a net profit forecast of 1.134 billion to 1.546 billion yuan, reflecting a year-on-year change of -5.7% to 28.6% [1][6] Revenue and Profit Forecast - The consensus forecast for Q4 revenue is between 54.969 billion to 67.263 billion yuan, with an average estimate of 58.271 billion yuan, indicating a 5.6% year-on-year increase [2][8] - The median revenue estimate is 57.067 billion yuan, showing a 3.4% year-on-year increase [2][8] - The net profit forecast ranges from 1.134 billion to 1.546 billion yuan, with an average of 1.235 billion yuan, reflecting a 2.7% year-on-year increase [2][8] Analyst Insights - According to Open Source Securities, BYD Electronics' full-year performance for 2025 is expected to remain stable, with net profit revised down from 4.6 billion to 4.3 billion yuan, indicating no growth year-on-year [3][9] - The company faced a 2% year-on-year decline in revenue and a 9% decline in net profit for Q3 2025, with a gross margin decrease of 1.6 percentage points [3][9] Business Segment Analysis 1. **Consumer Electronics**: Increased production capacity for mid-frame products starting Q4 2025, with significant contributions expected from major clients' foldable devices and the 20th-anniversary model, along with new assembly business for home products [4][9] 2. **Automotive Business**: Growth driven by intelligent driving and suspension products, with benefits anticipated from the parent company's sales growth and ASP improvement, alongside increased promotion of external automotive clients starting in 2025 [4][9] 3. **New Intelligent Products**: Expected order fulfillment in data centers by 2026, with growth in non-data center business; GB300 liquid cooling has been certified, and from 2027, Rubin models will fully adopt liquid cooling, with increased CapEx from manufacturers likely driving further growth in liquid cooling products [4][9]

登录新浪财经APP 搜索【信披】查看更多考评等级 （来源：每财网） 天风证券被中国证监会立案调查，"当代系"非经营性资金占用事宜影响至今。 文/每日财报 张恒 在监管工作函中，上交所还询问天风证券2022年业绩亏损问题。当期，天风证券其他业务亏损17.29 亿元，较2021年同期亏损增加7.42亿元，其中负债融 资成本较2021年同期增加5.15亿元。 天风证券收到中国证监会下发的立案通知书。11月28日晚，天风证券披露公告显示，公司因涉嫌信息披露违法违规、违法提供融资，根据相关法律法规， 中国证监会决定对公司立案。 公告未提及具体违规事宜，但是市场消息普遍认为，此次立案跟2022年财报提及的原大股东"当代系"资金占用事项有关。2020年及2021年，当代集团及其 关联方非经营性占用天风证券的资金，合计超过20亿元。 2022年度，天风证券的业绩创上市以来最大亏损，净利润巨亏逾15亿元。其各大业务的收入全面出现下滑，其中自营业务收入骤降为亏损重要因素。 《每日财报》注意到，"当代系"退出后，宏泰集团入主天风证券，后者业绩增长得到一定程度恢复。今年前三季度，天风证券营收与净利润均大幅增长， 其中净利润同比翻倍。 ...

Core Viewpoint - The global shipbuilding industry is entering a prosperous cycle, and *ST Songfa (603268.SH) is experiencing significant growth following its major asset restructuring, with multiple shipbuilding contracts signed recently, indicating a strong upward trend in its business performance [1][8]. Group 1: Recent Developments - *ST Songfa's subsidiary, Hengli Shipbuilding, signed contracts for 6 ultra-large crude oil carriers, 2 LNG dual-fuel oil tankers, and 4 container ships, with a total contract value estimated between $1.1 billion and $1.6 billion [4][5]. - Since September 5, 2025, *ST Songfa has announced 10 similar contracts, with a cumulative contract value exceeding $4 billion, equivalent to over 28 billion RMB [1][6][7]. Group 2: Financial Performance - In the first three quarters of 2025, *ST Songfa reported revenue of 11.759 billion RMB, a year-on-year increase of approximately 237%, and a net profit of 1.271 billion RMB, representing a growth of over 16 times [1][10]. - The restructuring and transition to the shipbuilding industry have led to explosive growth in the company's operating performance, with significant increases in order volume and delivery rates compared to the previous year [10]. Group 3: Market Response - Following these developments, *ST Songfa's stock price has doubled since early April 2025, reflecting strong investor interest and confidence in the company's future prospects [2][10].