中新网台州12月23日电(蓝伊旎)12月22日，2025年全国民建企业家会员台州行活动在浙江台州举办。活 动以"智领未来，链通全球"为主题，旨在通过政企对接、产学研融合等多元形式，助力企业家精准把握 新质生产力发展机遇，赋能区域经济高质量发展。 活动现 场。 蓝伊旎 摄 从全国第一家股份合作制企业破土，到培育78家上市公司、形成73个国家级产业基地；从"家家户户办 工厂"起步，到智能装备等高端制造业蓬勃发展，台州始终涌动着创新创业的活力。近年来，当地持续 推动模具、泵阀等优势产业向数字化、智能化转型升级。 "模具行业批量生产难度大、规模化发展不易，自动化和数字化路径虽因企而异，但不主动创新就等于 放弃发展。"民建台州市委会委员、浙江凯华模具有限公司董事长梁正华道出企业持续成长的关键。 梁正华回忆，2004年他赴德国参展时深受触动，当即立下"走向世界前三"的目标。彼时他便清楚地意识 到，传统制造业转型，唯有依靠数据和系统化管理才能实现突破。 从引入MES系统实现生产流程数字化、推动产值跃升至亿元规模，到搭建ERP系统打破信息孤岛、推进 标准化，从建成"黑灯工厂"、构建工业互联网平台，到推动产业链上下游一千余家工 ...

Core Viewpoint - The company, Kid King, is attempting to break through the growth anxiety in the mother and baby retail industry by planning an IPO on the Hong Kong Stock Exchange, which is seen as a crucial step to address the slowdown in its core business growth [1] Group 1: Company Overview - Kid King is a leading comprehensive service provider for parent-child families in China, focusing on the sale and service of mother and baby products, covering a wide range of items including food, clothing, consumables, and durable goods [2] - As of September 30, 2025, Kid King operates 3,710 stores across all provincial administrative regions in mainland China, including 1,033 self-operated parent-child family stores and 174 self-operated technology hair care stores [2] - The company ranks first in the Chinese mother and baby product and service market with a market share of 0.3% based on GMV, which is projected to reach 39,950 billion yuan in 2024, growing at a compound annual growth rate (CAGR) of 3.4% from 2020 to 2024 [2] Group 2: Recent Acquisitions - In July 2025, Kid King acquired Siyi Group, expanding its business into the scalp and hair care market, which is expected to reach 611 billion yuan in 2024, with a CAGR of 9.1% from 2020 to 2024 [3] - Siyi Group holds a market share of 3.3% in the scalp and hair care market, ranking first based on GMV in 2024 [3] Group 3: Financial Performance - Kid King's net profit showed significant growth in the first three years after its A-share listing, with net profit reaching 2.76 billion yuan in 2018 and 3.77 billion yuan in 2019, a year-on-year increase of 36.8% [5] - However, from 2021 to 2023, the company's net profit declined, dropping to 2.02 billion yuan in 2021, 1.22 billion yuan in 2022, and 1.05 billion yuan in 2023, before rebounding to 1.81 billion yuan in 2024, a 72.4% increase from 2023 [6] - Revenue has been growing since 2022, but the year-on-year growth rate has remained in single digits, with revenue of 85.2 billion yuan in 2022 and 87.5 billion yuan in 2023, a growth of 2.73% [6] Group 4: Fundraising and Future Plans - The company plans to use the funds raised from the IPO for product innovation, expanding its sales and service network, strategic acquisitions, enhancing digital and intelligent capabilities, and general corporate purposes [7] - The focus on strategic acquisitions aims to address the needs of parent-child families and explore quality assets in health aesthetics and artificial intelligence [7]

中新网北京12月23日电 (记者 张素)数字经济与实体经济加速融合，为跨国企业带来机遇。近日发布的 一份报告显示，大多数跨国企业都致力于在中国寻求发展，正调整业务重点并加强本地化以保持竞争 力。 "过去六个月，跨国企业在中国的并购活动显著增加。"毕马威中国跨国企业渠道联合主管合伙人韩睿盛 说，在更贴近消费者领域，面对激烈的本土竞争和充满挑战的市场，跨国企业正在通过收购分销商、代 理商和代工企业进行垂直整合，以更好地了解和服务于中国消费者。 "中国市场的结构性创新与升级正推动跨国企业重新审视其在华战略。"毕马威中国客户及业务发展主管 合伙人江立勤说，从这次报告也可以看到，跨国企业表达了在中国长期发展的信心，越来越多的企业将 战略重心从单纯追求扩张转向专注盈利模式的转变，并通过本土化创新和数字化投入以提高运营效率。 报告认为，在"十五五"开局与中国持续推进制度型开放的背景下，对跨国企业而言，这不仅是继续深耕 中国市场的战略机遇期，更是其从参与者向共建者转型的关键期。唯有通过技术赋能、合规经营与战略 协同，跨国企业才能真正实现从"走进来"到"融进去"的跨越，与中国市场共成长、同发展。(完) 面对日益激烈的市场竞争和 ...

Core Viewpoint - Guangxi Broadcasting (600936) is undergoing a significant transformation by completing a major asset swap with its controlling shareholder, Guangxi Beibu Gulf Investment Group, which will allow the company to shift its focus towards smart engineering and technology services [1][2]. Group 1: Business Transformation - Guangxi Broadcasting has completed the asset swap, acquiring 51% of Guangxi Jiaokao Group, thus becoming its controlling shareholder [1]. - Following the asset swap, the company will transition to engage in smart engineering, surveying, design, testing, new materials, and electromechanical equipment production and sales [1]. Group 2: Strategic Initiatives - The company’s subsidiary, Jiaokao Group, is involved in the construction of cross-border smart ports, such as the China-Vietnam Friendship Pass project, and aims to explore competitive advantages across various business segments [2]. - Guangxi Broadcasting is focusing on the application of new generation information technology in smart transportation and has established the Guangxi Smart Transportation AI Innovation Center [2]. - The company is actively participating in the digital transformation of the transportation industry and aims to enhance technological cooperation with ASEAN countries for regional development [2]. Group 3: Corporate Identity Change - On December 11, 2025, Guangxi Broadcasting announced plans to change its name to "Guangxi Beitou Technology Co., Ltd." with a corresponding change in its stock abbreviation to "Beitou Technology" [3]. - The name change is subject to approval by the company's shareholders and will be followed by necessary registration and filing procedures [3].

Core Viewpoint - The launch of the "China Gold First Gold Bar Festival" and the "China Gold" APP marks a significant step in the digital transformation of China Gold Group, aiming to enhance consumer services and stimulate domestic demand [1][3]. Group 1: Event Overview - The "China Gold First Gold Bar Festival" was inaugurated in Beijing with the theme "Gold Starts a New Journey, Gathering Future Light" [1]. - The event was supported by various stakeholders, including the China Gold Group, People's Daily, and the China Gold Association, highlighting a collaborative effort in the industry [1]. Group 2: Objectives of the APP - The APP aims to create a new consumption scenario that integrates online and offline experiences, responding to the national call for expanding domestic demand [1]. - It seeks to provide a comprehensive service system that includes purchasing, repurchasing, and exchanging gold, addressing consumer needs for convenience and safety [1]. - The initiative represents a shift from traditional product provision to a technology-driven comprehensive service model, positioning China Gold as an industry leader [1]. Group 3: Industry Impact - The APP and festival are seen as benchmarks for high-quality development within the industry, with potential to expand new spaces and inject new connotations into the gold consumption sector [2]. - The collaboration with People's Daily aims to enhance trust and transparency in investment, promoting a rational investment philosophy [2]. - The partnership is expected to provide safety solutions for the entire gold consumption industry chain, leveraging the strengths of both organizations [2]. Group 4: Future Vision - The APP will facilitate a full-channel closed loop for transactions, allowing for online ordering and offline pickup, thus upgrading physical stores into comprehensive service terminals [3]. - The ultimate goal is to enhance consumer experience and accessibility to gold's value and cultural significance, contributing to both consumer welfare and economic stimulation [3]. - The collaboration between state-owned enterprises and media is a practical response to the national strategy for expanding domestic demand and empowering the real economy [3].

Core Insights - The traditional canteen management is undergoing a profound transformation driven by digitalization, with smart canteen management systems being widely adopted across various sectors such as government, enterprises, schools, hospitals, and communities, leading to a digital and intelligent transformation of canteen management [1] Group 1: Front-end Management Innovations - Smart canteens have introduced innovative dining methods such as small bowl dishes, self-service weighing, and food stalls, catering to diverse dining needs and enhancing customer satisfaction while reducing waste [2] - Various payment methods including facial recognition, card systems, mobile payments, and self-service recharge have been integrated into smart canteens, making transactions more convenient and efficient for diners [3] - The introduction of smart terminals like intelligent gates and self-service weighing stations has created a cashless dining experience, improving operational efficiency and providing a modern technological experience for diners [5] - Smart canteens provide advance notifications of daily menus and nutritional information through electronic displays or mobile apps, allowing diners to make informed choices based on their dietary needs [6] Group 2: Back-end Management Enhancements - The inventory management system of smart canteens includes features for procurement, inventory tracking, and data visualization, enabling real-time monitoring of stock levels and preventing shortages or overstock situations [8] - For organizations with multiple canteens, the group management function allows for unified oversight of operational data, food safety, and inventory, enhancing management efficiency and facilitating rapid transformation [9] - Smart canteens utilize intelligent environmental monitoring devices to ensure a healthy dining environment by tracking temperature, humidity, and air quality, with real-time alerts for any anomalies [10] - AI-driven monitoring in kitchen areas ensures compliance with hygiene standards and operational protocols, enhancing food safety through real-time behavior analysis and alerts for any violations [11] - Comprehensive data integration from both front-end sales and back-end operations allows for visual analysis of canteen performance, supporting informed decision-making and improving economic and social benefits [13] - A strict food sampling system using facial recognition ensures traceability of food safety, allowing for quick identification of sources in case of food safety incidents [14] Conclusion - The smart canteen management system represents a significant advancement in canteen operations, enhancing the dining experience and strengthening operational safeguards, laying a solid foundation for sustainable development in the sector as technology continues to evolve [1]

2025中国会议蓝皮书暨 2024年度《中国会议统计分析报告》发布会日前在南京举办。与会专家和 政府主管部门及行业代表基于《中国会议统计分析报告》的数据和分析，对2025年中国会议产业进行了 总结，并对即将到来的2026年会议产业发展进行了展望。 会议统计分析是行业发展的"数据库"和"导航图" 《中国会议统计分析报告》自2011年首次发布以来，已连续十五年成为行业发展的核心"数据库"。 中国会议酒店联盟常务副会长、中国会议蓝皮书暨《中国会议统计分析报告》主编武少源。(中国会议 酒店联盟 供图) 2025 年会议产业的格局重构与区域活力，在三位行业人士的分享中得到全面呈现。 武少源基于报告数据解析，2023年以来，会议市场呈现多元品类此消彼长的特征：企业会议占比从 峰值70%回落至50%，事业单位会议减少至9%，政府会议因规范化管理持续收缩；而社团会议成为唯一 显著增长的品类，占比提升15个百分点。 武少源特别举例，聚焦新兴产业领域的社团会议展现出强劲增长活力。如中国材料大会(CMC)，参 会规模从2023年在深圳召开时的 1.9万人，攀升至2024年在广州白云国际会议中心的2.3万人，2025 年在 厦门的会 ...

Core Viewpoint - Beijing Resources (00618) has reported a significant turnaround in its financial performance for the six months ending September 30, 2025, achieving a profit of approximately RMB 1.88 billion, driven by strategic asset sales and a focus on core business areas [1] Financial Performance - The company achieved total revenue of approximately RMB 810 million, representing a year-on-year growth of 8.1% [1] - The profit turnaround was primarily due to the sale of certain property development projects, generating approximately RMB 2.31 billion in revenue [1] - The company has improved its financial health, with interest-bearing loans reduced to RMB 253 million and a current ratio improved to 1.29 [1] Business Focus - The company has optimized its business structure, concentrating on two core areas: healthcare and pharmaceutical retail, as well as e-commerce and distribution [1] - E-commerce revenue reached RMB 430 million, reflecting a year-on-year increase of 37.1% [1] - The healthcare and pharmaceutical retail segment generated approximately RMB 70 million in revenue, with initiatives to advance the "pharmacy + traditional Chinese medicine" model and digital transformation [1] Corporate Actions - In August 2025, the company completed the establishment of a partnership with a third party, injecting certain property projects and streamlining its organizational structure to reduce liabilities [1] - The board of directors has decided not to recommend the distribution of an interim dividend [1]

Core Insights - The report by KPMG indicates that multinational companies are optimistic about revenue growth in China over the next three to five years, with 94% continuing to invest in the market and 75% planning to maintain or increase their investments by 2025 [1][3] Investment Plans - There has been a significant increase in mergers and acquisitions (M&A) by multinational companies in China, driven by two key strategies: acquiring companies in advanced sectors like electric vehicles and healthcare, and vertical integration through acquiring distributors and manufacturers to better serve Chinese consumers [3] - 64% of multinational companies plan to increase investments to maintain competitiveness in China, while 36% aim to enhance production capacity and another 36% focus on improving local R&D capabilities [3] Shift in Focus - 61% of multinational companies have shifted their focus from growth to profitability over the past three years, although 36% have not made this transition [4] - Among those prioritizing profitability, 49% are focusing on improving operational efficiency, 34% on pricing strategies to enhance profit margins, and 30% on reallocating resources to high-margin products or services [6] Localization Efforts - 83% of multinational companies have partially localized their operations in China, with 54% prioritizing localization in manufacturing, 50% in supply chain/logistics, and 40% in R&D [6][8] Digital Transformation - Over 90% of surveyed companies plan or have already begun digital investments, with 52% focusing on enhancing data analytics capabilities, 46% on upgrading IT infrastructure, and 36% on investing in emerging technologies [8] - 58% of multinational companies are utilizing artificial intelligence tools in their operations [8] Strategic Reassessment - Multinational companies are reassessing their strategies in China, shifting from mere expansion to focusing on profitable business models through localization and digital investments to enhance operational efficiency and pricing strategies [9]

Core Viewpoint - The report from Guosheng Securities indicates that Tabo (06110) is a leading company in the sports footwear and apparel distribution channel, with improvements in retail efficiency driven by digital transformation and optimized store structures. The company is expected to achieve net profits of 1.229 billion, 1.379 billion, and 1.533 billion yuan for FY2026-FY2028, with a current price corresponding to a FY2026 PE of 14 times, maintaining a "buy" rating [1] Group 1: Sales Performance - In FY2026 Q3, the company's total sales (including retail and wholesale) are expected to decline by a high single-digit percentage, with direct store sales area decreasing by 1.3% quarter-on-quarter and 13.4% year-on-year [1] - The decline in sales is attributed to store closures, with a net reduction of 332 stores in FY2026 H1, bringing the total to 4,688 stores as of the end of November 2025 [1] - The company anticipates that offline sales will continue to face pressure due to fluctuating consumer environments and market competition, although retail sales are expected to outperform wholesale [1] Group 2: E-commerce Growth - The company is expected to continue its growth momentum in e-commerce, leveraging its strong operational capabilities and enhancing its e-commerce system [2] - The strategy includes extending the online reach of physical stores through platforms like Douyin, Xiaohongshu, WeChat Mini Programs, and instant retail [2] - The company aims to improve its operational capabilities in both platform e-commerce and content e-commerce [2] Group 3: Brand and Market Expansion - The company is focusing on expanding its brand presence in the outdoor and running segments, collaborating with brands like Norda, Soar, Ciele, and Norr na to meet diverse consumer needs [3] - A new running ecosystem brand, Ektos, has been established, with a store opened in Shanghai and participation in the Shanghai Marathon to attract runners [3] - The company plans to leverage its marketing and retail advantages to help new brands expand their market presence and share opportunities in the running segment [3] Group 4: Financial Outlook - The company is projected to experience a decline in net profit, with a forecasted revenue decrease of 7% and a net profit drop of around 4% for FY2026 [4] - The overall consumer environment remains volatile, negatively impacting terminal sales [4] - The main brand Adidas is expected to perform relatively well in the Greater China region, with a 6% revenue growth on a currency-neutral basis for the period of July to September 2025, while Nike is still in the process of inventory reduction, with a 16% revenue decline in the same region [4]