10月23日，西藏智汇矿业股份有限公司（以下简称智汇矿业）第二次递表港交所。作为矿业公司，公司专注于在西藏从事锌、铅和铜的探矿、采矿、精矿 生产及销售业务。 在第二次递交的资料中，智汇矿业更新了2025年前7个月的财务数据。在2024年公司收入及毛利均出现下降后，2025年前7个月，公司业绩有所回暖。外界 较为关注的是，作为公司最大的收入类别，锌精矿未来发展成色如何？ 公司创始人曾为"医药女王" 今年61岁的范秀莲，有着"沈阳女首富""华南理工学霸"等多重标签。据公开报道，1987年，她从华南理工大学毕业后进入国企上班，没过几年便辞职投身 医药行业。凭借多年来的行业积累，2012年，她作为创始人之一推动海思科（SZ002653，股价50.67元，市值567.46亿元）登陆A股，直到今年6月，海思 科公告称，范秀莲因退休辞去海思科董事会董事、总经理职务。 然而，这位医药领域的成功女性仍未从自己的事业中真正"退休"。 早在2013年，范秀莲就将目光投向了雪域高原，通过创立智汇矿业，她的创业历程从精密制药转向粗粝的矿山。招股书显示，目前，范秀莲与一致行动人 何前、吕喜军共同控制公司55.72%股权。 在2025年业 ...

公司创始人曾为"医药女王" 今年61岁的范秀莲，有着"沈阳女首富""华南理工学霸"等多重标签。据公开报道，1987年，她从华南理 工大学毕业后进入国企上班，没过几年便辞职投身医药行业。凭借多年来的行业积累，2012年，她作为 创始人之一推动海思科（SZ002653，股价50.67元，市值567.46亿元）登陆A股，直到今年6月，海思科 公告称，范秀莲因退休辞去海思科董事会董事、总经理职务。 然而，这位医药领域的成功女性仍未从自己的事业中真正"退休"。 早在2013年，范秀莲就将目光投向了雪域高原，通过创立智汇矿业，她的创业历程从精密制药转向粗粝 的矿山。招股书显示，目前，范秀莲与一致行动人何前、吕喜军共同控制公司55.72%股权。 每经记者：孔泽思 每经编辑：魏官红 10月23日，西藏智汇矿业股份有限公司（以下简称智汇矿业）第二次递表港交所。作为矿业公司，公司 专注于在西藏从事锌、铅和铜的探矿、采矿、精矿生产及销售业务。 在第二次递交的资料中，智汇矿业更新了2025年前7个月的财务数据。在2024年公司收入及毛利均出现 下降后，2025年前7个月，公司业绩有所回暖。外界较为关注的是，作为公司最大的收入类别，锌 ...

Core Viewpoint - *ST Green Kang is divesting its photovoltaic film business by selling 100% equity of three subsidiaries to Jiangxi Raoxin New Energy Materials Co., Ltd. for cash, aiming to protect shareholder interests and improve financial health [1][4]. Group 1: Company Background - *ST Green Kang, originally focused on veterinary drug development and sales, shifted to the photovoltaic film industry in 2022 due to persistent losses in its core business [2]. - The company acquired Green Kang Yushan for 95 million yuan, despite its book value being only 160,350 yuan, indicating a significant overvaluation at the time of purchase [2][4]. Group 2: Financial Performance - The company has faced substantial losses, reporting a net loss of 222 million yuan in 2023, which is expected to increase to 445 million yuan in 2024, totaling over 700 million yuan in losses within two and a half years [4][5]. - As of June 2023, *ST Green Kang's debt-to-asset ratio surged to 105.82%, indicating a state of insolvency [5]. Group 3: Industry Context - The photovoltaic film industry experienced a downturn from 2023 to 2024, with oversupply leading to declining prices for POE, EVA, and EPE films, adversely affecting *ST Green Kang's profitability [5][6]. - The company's subsidiaries reported negative gross margins in 2024, with Green Kang Yushan at -19.28%, Green Kang Haining at -35.96%, and Green Kang New Energy at 0.41% [5]. Group 4: Strategic Implications - By divesting the loss-making photovoltaic film business, *ST Green Kang aims to refocus on its core veterinary products, enhancing its profitability and sustainability [7]. - The exit from the photovoltaic sector reflects a broader trend of companies withdrawing from the industry amid significant adjustments, with several other firms also choosing to leave [7][8].

Group 1: Core Insights - The article discusses the trend of cross-industry operations in the consumer market, highlighting how traditional dining establishments like Chao Yixing and Liangliang Noodle Shop are venturing into the coffee business, while Starbucks is exploring study room concepts [1][10] - This cross-industry exploration reflects a strategic response to market trends, aiming to capture new growth points and competitive advantages [1][10] Group 2: Company Initiatives - Chao Yixing and Liangliang Noodle Shop are testing coffee offerings to innovate and adapt to changing consumer preferences, with Chao Yixing's coffee priced at 7.9 to 9.9 yuan and Liangliang Noodle Shop's at 8.8 to 9.9 yuan [3][4][5] - Initial market reactions indicate that these coffee ventures have been successful, with Chao Yixing reportedly selling over 210 cups in a day and Liangliang Noodle Shop seeing significant interest from customers [5][6] Group 3: Market Context - The coffee market in China is projected to reach 117.7 billion yuan in 2024, with a year-on-year growth of 15.4%, and is expected to continue growing at a rate of 12.1% in 2025 [6][7] - Starbucks is responding to competitive pressures by introducing "Starbucks Study Rooms," which offer a free and comfortable space for customers, aiming to attract high-frequency visitors like students [7][8] Group 4: Strategic Implications - The cross-industry moves by Chao Yixing and Liangliang Noodle Shop are seen as low-cost experiments to connect traditional dining with new consumer scenarios, while Starbucks aims to counteract declining sales by enhancing customer experience [5][8][10] - The article emphasizes the importance of finding intersections between company capabilities and evolving consumer demands, suggesting that successful brands will be those that can adapt while maintaining their core identity [10][11]