面对市场动荡与持续的费用压力，澳大利亚本土的财富管理和基金管理行业正面临巨大冲击，业内人士 预测，整个行业在今年年底前可能将出现剧变。 Insignia Financial、Perpetual的财富部门以及Platinum AssetManagement都成为了潜在的并购目标，而由 联邦银行（CBA）控股的Colonial First State也可能步入交易行列，此外还可能有其他公司加入。 Perpetual CEO Bernard Reilly is gearing up for the sale of the group's wealth unit. Oscar Colman 据知情人士透露，全球资产管理巨头富兰克林邓普顿（Franklin Templeton，管理资产达2.35万亿美元） 正密切关注麦格理集团（Macquarie）旗下的本地公开市场投资业务，以备该业务一旦出售便迅速出 手。此前，麦格理已将其国际业务——涵盖股票、固定收益及多元资产管理——以28亿美元出售给日本 野村证券。 与此同时，联邦大选中工党的压倒性胜利，也赋予其继续推进备受争议的退休金税改议程的政治正当 性。该政策将把300万澳 ...

民以食为天，这个与我们每个人都息息相关的行业，眼下正面临着前所未有的挑战。 最近，各餐饮上市公司的年报陆续出炉，展现出的行业态势可谓几家欢喜几家愁。 在热闹表象之下，实则暗流涌动，整个餐饮行业仍在持续探底。 上市公司年报中的"冰火两重天" 从已发布的年报数据来看，百胜中国在2024年实现营收113亿美元，同比增长3%；净利润为9.11亿美元，同比增长10.2%。海底捞在2024年实现营业收入 427.55亿元，同比上升3.14%；净利润47.08亿元，同比增长4.65%。巴比食品2024年营业收入为16.71亿元，同比增长2.53%；归母净利润为2.77亿元，同比 增长29.42%。这些企业在营收和利润上实现了一定程度的增长，看似给行业注入了一剂强心针。 | 公司名称 | 2024年营收（亿元） | 营收同比增长 | 2024年净利润（亿元） | 净利润同比增长 | | --- | --- | --- | --- | --- | | 百胜中国 | 113亿美元（约合人民币800亿元） | 3% | 9.11亿美元（约合人民币65亿元） | 10.2% | | 海底捞 | 427.55 | 3.14% | 47 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：603818 公司简称：曲美家居 第一节 重要提示 1、本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到http://www.sse.com.cn网站仔细阅读年度报告全文。 2、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 3、公司全体董事出席董事会会议。 4、普华永道中天会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 5、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 2024年公司拟不进行利润分配，不派发现金红利，不送红股，不以资本公积转增股本。 第二节 公司基本情况 1、公司简介 ■ 2、报告期公司主要业务简介 （一）公司所处的行业发展阶段 根据国家统计局2011年公布的《国民经济行业分类》（GB/T4754-2011），公司所处行业为家具制造业 中的木质家具制造子行业（C2110）；依据中国证监会《上市公司行业分类指引》（2012年修订），公 司属于家具制造 ...

Group 1: Financial Performance - The company achieved a revenue of 3.654 billion CNY in Q1 2025, representing a year-on-year growth of 66.14% [2] - The net profit attributable to shareholders was 93.52 million CNY, an increase of 23.99% compared to the same period last year [2] - The net profit after deducting non-recurring gains and losses reached 86.91 million CNY, reflecting a growth of 53.17% year-on-year [2] Group 2: Business Segments - The mining service segment experienced significant growth, contributing to both revenue and profit increases [2] - The civil explosives segment maintained stable production capacity, with business scale remaining flat compared to the previous year [3] - The defense equipment segment showed good performance, with active promotion of military trade [3] Group 3: Market Insights - The ammonium nitrate price decline has impacted the gross margin of civil explosives, but the overall margin is stabilizing [3][4] - The civil explosives market is expected to see an increase in gross margins due to industry consolidation and higher market concentration [4] - Revenue growth in Xinjiang is primarily driven by new mining service projects [5] Group 4: Future Strategies - The company is committed to an "outbound" strategy, focusing on overseas markets, particularly in South America and South Africa [7] - Plans include establishing an explosives factory in Zambia and acquiring a factory in Peru to expand the overseas civil explosives market [7] - The company will gradually inject civil explosives capacity into Xuefeng Technology based on actual business conditions and market demand [9]

对于业绩亏损，中国稀土解释称，主要系公司按会计准则要求计提存货跌价准备金额较上年同期增加且 金额较大带来的影响。 过去一年，我国稀土市场整体表现较弱，在稀土原料供应有所增加与下游需求长时间疲软的背景下，主 流稀土产品价格均出现一定程度的下滑。 其中，轻稀土方面，据中钨智造统计，2024年氧化镨价格从年初约46万元/吨下降到年底约41.6万元/ 吨，降幅9.57%；氧化钕价格从年初约45.5万元/吨下降到年底约40.5万元/吨，降幅10.99%；氧化镨钕价 格从年初约45万元/吨下降到年底约40万元/吨，降幅11.11%。 中重稀土方面，氧化铽价格从年初约7600元/千克下降到年底约5590元/千克，降幅26.45%；氧化镝价格 从年初约255万元/吨下降到年底约161万元/吨，降幅36.86%；镝铁合金价格从年初约245万元/吨下降到 年底约157.5万元/吨，降幅35.71%。 本报记者 曹琦 4月28日，中国稀土集团资源科技股份有限公司（以下简称"中国稀土"）同时披露2024年年报和2025年 一季报。2024年年度公司基本每股收益为-0.2704元/股。而今年一季度公司扭亏，营业收入为7.28亿 元，同 ...

北京时间4月28日分众传媒发布了2024年全年以及2025年一季度业绩。这次财报除了关注去年四季度、今年一季度（主要是Q1）的当期业绩表现之外，最 大的关注焦点就是若顺利（主要是监管审批）收购最"难缠"的竞对——新潮传媒之后，结合当下复杂的宏观环境，公司对未来的规划和增长预期会发生如 何变化？ 核心要点如下： 1. 2024收官：虽然机构调整后的预期不高，但第四季度收入显得更艰难一些，同比下滑7%。一季度收入同样略不及预期，足以体现去年底到今年初的环 境恶劣。 2. Q1同样有压力：对于一季度的"稳态"低增长，市场priced in了绝大部分。今年春节期间消费表现一般，年初以来的社零增速也是一个前低后高的缓慢爬 升趋势，因此对于一季度，市场未报太高期望。 3. 吃下新潮，利润率打开空间：利润上四季度主要靠短期控费，以及非主业收益的预期差，最终净利润表现略微收回来了一些。不过，非主业的收益在海 豚君看来是要剔除不考虑的，单看核心经营利润，因为收入承压，还是弱于预期。 一季度核心经营利润并未miss太多，主要则得益于过去一年优化点位的战略下毛利率持续改善，梯媒毛利率、影院毛利率同比略有改善。此外就是费用严 格控制 ...

21世纪经济报道记者韩利明上海报道 几家欢喜几家愁？近期，多家血液制品企业披露2024年及2025年一季度业绩，呈现出明显的分化态势。 2024年，上海莱士（002252）、天坛生物（600161）、派林生物（000403）、卫光生物（002880）实现营收净利双增。此外，从营收来看，华兰生物 （002007）、博雅生物（300294）、博晖创新（300318）分别同比下滑18.02%、18.53%、34.58%；从归母净利润来看，华兰生物同比下滑26.57%，不过博 晖创新已成功扭亏为盈，实现归母净利润0.09亿元。 进入2025年一季度，多家血液制品企业出现业绩反转。营收上，天坛生物、华兰生物、博雅生物延续增长；但卫光生物、上海莱士、派林生物却分别出现 0.57%、2.45%、14%的下滑。利润层面，仅华兰生物实现19.62%的增长，上海莱士、天坛生物等五家企业净利润均有不同程度下跌。 其中，单季度创收10亿元以上的上海莱士和天坛生物，业绩规模处于第一梯队，但期内归母净利润降幅却分别高达25.2%、22.9%。天坛生物将归母净利润 下滑的原因归咎为"产品价格下降减少的利润大于销量增长增加的利润。" | | ...

Investment Rating - The report maintains a "Buy" investment rating for the company [4] Core Views - The company reported a total revenue of 370 million yuan in Q1 2025, representing a 4% year-on-year increase, while the net profit attributable to shareholders decreased by 6% to 37 million yuan [1] - The gross margin is expected to improve gradually as operational efficiency offsets depreciation impacts, with a slight decrease in gross margin to 25.47% in Q1 2025 [2] - The company continues to narrow the single-store gap and is advancing brand acquisitions and supply chain integration, with food revenue reaching 334 million yuan, a 5% increase year-on-year [3] Summary by Sections Financial Performance - Q1 2025 total revenue was 370 million yuan, with a 4% increase year-on-year; net profit attributable to shareholders was 37 million yuan, down 6% [1] - Q1 2025 gross margin decreased by 0.4 percentage points to 25.47%, primarily due to one-time investments from the new Wuhan factory [2] - Sales expense ratio and management expense ratio decreased by 1 percentage point and 0.1 percentage points to 4.06% and 7.55%, respectively [2] Growth Drivers - Food revenue in Q1 2025 was 334 million yuan, with rice and flour, filling, and purchased food categories growing by 3%, 11%, and 4% respectively, driven by ongoing brand acquisitions and supply chain integration [3] - Franchise sales revenue reached 265 million yuan, a 3% increase, with 5,644 franchise stores as of the end of Q1 2025, reflecting a net increase of 501 stores [3] - Group meal revenue grew by 12% to 93 million yuan, supported by rising customer demand and customized products [3] Profitability Forecast - The company is expected to maintain its store opening pace and benefit from brand acquisitions, with EPS projected at 1.08, 1.17, and 1.24 yuan for 2025-2027, corresponding to PE ratios of 17, 16, and 15 times [4]

Investment Rating - The report maintains a "Buy" investment rating for the company [4] Core Views - The company reported a total revenue of 370 million yuan in Q1 2025, representing a 4% year-on-year increase, while the net profit attributable to shareholders decreased by 6% to 37 million yuan [1] - The gross margin is expected to improve gradually as operational efficiencies offset depreciation impacts, with a slight decrease in gross margin to 25.47% in Q1 2025 [2] - The company continues to narrow the single-store gap and is advancing brand acquisitions and supply chain integration, with food revenue reaching 334 million yuan, a 5% increase year-on-year [3] Summary by Sections Financial Performance - Q1 2025 total revenue was 370 million yuan, with a net profit of 37 million yuan, and a non-recurring net profit of 39 million yuan, reflecting a 3% increase [1] - The gross margin decreased by 0.4 percentage points to 25.47% due to one-time investments from the new Wuhan factory, but operational efficiencies are expected to improve margins in subsequent quarters [2] Business Development - Food revenue was 334 million yuan, with specific segments like rice and flour, filling, and purchased food growing by 3%, 11%, and 4% respectively, driven by ongoing brand acquisitions and supply chain integration [3] - The franchise sales revenue reached 265 million yuan, a 3% increase, with a total of 5,644 franchise stores by the end of Q1 2025, reflecting a net increase of 501 stores [3] Profitability Forecast - The company is expected to maintain its store opening pace and benefit from brand acquisitions, with EPS projected at 1.08, 1.17, and 1.24 yuan for 2025-2027, corresponding to PE ratios of 17, 16, and 15 times [4]