此外，行政开支总额大幅增加约94%至735万港元，大幅增加的主要原因是：公司进军新市场并将产品 组合多元化，导致用于升级后台系统的资源增加，以及行政营运开支增加;上半年贸易展的数目增加， 以及加强了与业务伙伴的关系，导致商旅开支增加。 高维科技(02086)公布，该集团预期于2025年上半年取得净亏损约520万港元，而2024年同期净溢利210 万港元。 董事会认为由净溢利转为净亏损状况主要由于以下因素所致：营业总额减少约13.5%至4083万港元(过往 期间：4721万港元)。有关减少乃主要由集团收益减少所带动，反映出2025年全球经济放缓、关税纷争 持续以及贸易环境不稳定所带来的不利影响。经济不确定性增加(包括对关税及地缘政治局势不稳定的 忧虑)令客户下订单时更趋审慎，导致产品需求下降，从而减低了期内收益;员工成本上升约10.8%至 1698万港元，有关增加主要归因于推出了销售奖励计划及为了应对产品持续开发需求扩大了技术和研发 部门的员工人数。 ...

此外，行政开支总额大幅增加约94%至735万港元，大幅增加的主要原因是：公司进军新市场并将产品 组合多元化，导致用于升级后台系统的资源增加，以及行政营运开支增加;上半年贸易展的数目增加， 以及加强了与业务伙伴的关系，导致商旅开支增加。 董事会认为由净溢利转为净亏损状况主要由于以下因素所致：营业总额减少约13.5%至4083万港元(过往 期间：4721万港元)。有关减少乃主要由集团收益减少所带动，反映出 2025年全球经济放缓、关税纷争 持续以及贸易环境不稳定所带来的不利影响。经济不确定性增加(包括对关税及地缘政治局势不稳定的 忧虑)令客户下订单时更趋审慎，导致产品需求下降，从而减低了期内收益;员工成本上升约10.8%至 1698万港元，有关增加主要归因于推出了销售奖励计划及为了应对产品持续开发需求扩大了技术和研发 部门的员工人数。 智通财经APP讯，高维科技(02086)公布，该集团预期于2025年上半年取得净亏损约520万港元，而2024 年同期净溢利210万港元。 ...

Core Viewpoint - The company, 高维科技, is expected to report a net loss of approximately 5.2 million HKD for the six months ending June 30, 2025, a significant decline from a net profit of 2.1 million HKD in the previous period [1] Group 1: Financial Performance - The total revenue decreased by approximately 13.5% to 40.83 million HKD, down from 47.21 million HKD in the previous period, primarily due to reduced group earnings reflecting global economic slowdown and trade uncertainties [2] - Employee costs increased by about 10.8% to 16.98 million HKD, compared to 15.32 million HKD in the previous period, driven by the introduction of a sales incentive program and expansion of the technical and R&D workforce [2] - Administrative expenses surged by approximately 94% to 7.35 million HKD, up from 3.79 million HKD in the previous period, attributed to market expansion, product diversification, and increased business travel expenses [2]

Core Insights - Canada's unemployment rate unexpectedly decreased to 6.9% in June, despite various economic challenges, driven primarily by job growth in wholesale and retail trade, healthcare, and social assistance sectors [1][3] - The addition of 83,100 jobs, mostly part-time, has injected some vitality into the labor market, but raises concerns about job quality and income stability [1][3] Employment Quality Concerns - The average wage growth for long-term employees has slowed to 3.2%, indicating potential underlying issues in the Canadian job market [3][5] - The prevalence of part-time positions suggests a decline in job quality, leading to income instability and limited career advancement opportunities, particularly affecting groups that require stable, high-income jobs [3][5] Manufacturing Sector Challenges - The manufacturing sector continues to face significant pressure from tariffs and international trade issues, which hampers overall employment growth [3][7] - Trade tensions between the U.S. and Canada remain unresolved, contributing to a challenging environment for Canadian manufacturing [3][7] Healthcare and Retail Sector Dynamics - Job growth in healthcare and social assistance is a positive sign, but the low wage levels and prevalence of low-skilled positions raise questions about long-term economic benefits [5][7] - The increase in employment within the wholesale and retail trade sectors may reflect consumer responses to economic conditions, but the sustainability of this growth is uncertain due to the rise of e-commerce and AI [5][7] Macroeconomic Context - The decline in unemployment does not mask the underlying issues within the Canadian job market, which is influenced by external factors rather than internal economic growth [7] - Future employment trends will be shaped by global economic uncertainties, changes in international trade relations, and domestic policy adjustments [7]

Core Viewpoint - The Bank of Japan reports that multiple regions express concerns over rising sales prices in the U.S. leading to decreased demand and a slowdown in the global economy [1] Group 1 - Companies are worried about the impact of rising sales prices in the U.S. on their demand [1] - There is a general concern regarding the slowdown of the global economy affecting business operations [1]

Core Viewpoint - Despite the easing of tariff tensions, the global economy is expected to slow significantly [1] Group 1 - The global economic slowdown is anticipated to be substantial, indicating potential challenges for various industries [1] - The easing of tariff disputes may not be sufficient to counteract the broader economic deceleration [1]

Group 1: Gold Market Analysis - The international gold market is experiencing fluctuations, with current trading around $3233, down approximately $10 from the previous closing price [2] - The geopolitical landscape and uncertainty in the global economy are influencing gold prices, with significant attention on the U.S. tax reform debate led by President Trump [2] - Technical analysis indicates that gold is in a consolidation phase, with resistance at $3250 and support around $3200, suggesting potential for further adjustments [4][2] Group 2: Oil Market Analysis - The oil market opened the week with a slight upward trend, with Brent crude oil futures rising to $65.54 per barrel and U.S. crude oil futures to $62.69, both showing over 1% gains from the previous week [5] - Geopolitical factors, particularly tensions between the U.S. and Iran regarding nuclear negotiations, are driving oil prices higher, although market sentiment remains fragile due to economic slowdown concerns [5] - Technical analysis suggests that oil prices are under medium-term downward pressure, with potential support at $61 and resistance at $63.5 to $64 [6][5]

Global Economic Outlook - The United Nations projects global economic growth to slow to 2.4% in 2025, down from 2.9% in 2024, indicating a significant decline [1] - Global trade growth is expected to plummet from 3.3% in 2024 to 1.6% in 2025, with developing countries facing multiple challenges including reduced exports and tightening financing conditions [1] - Inflation is anticipated to be 3.6% in 2025, higher than earlier predictions, reflecting a deceleration in the overall decline of inflation levels [1] China Urban Planning - The newly released 2025 version of the "National Land Space Planning Urban Health Assessment Regulations" emphasizes a people-centered approach and introduces new indicators for urban planning [3] - The regulations aim to enhance urban infrastructure and ensure a balanced development of urban areas, addressing issues like traffic congestion and inadequate facilities [3][4] Japanese Economic Performance - Japan's economy contracted for the first time in a year, with a 0.2% decline in Q1 2025, contrasting with a 0.6% growth in the previous quarter [5] - The Bank of Japan has revised its GDP growth forecasts downwards for the next two fiscal years, reflecting ongoing economic challenges [5][6] UK Immigration Policy - The UK government has introduced stringent measures to reduce immigration, including tightening visa standards and extending the residency requirement for permanent residency [7][8] - The policy aims to address labor market imbalances and public service demands following a surge in immigration during the pandemic [8] Automotive Industry Performance - Geely Automobile reported a 264% increase in net profit for Q1 2025, with revenue reaching 72.495 billion yuan, driven by a record sales volume of 703,800 vehicles [9] - The company is undergoing strategic integration of its brands to enhance operational efficiency and market competitiveness [9][10] Alibaba Financial Results - Alibaba's revenue for the fiscal year 2025 was 996.347 billion yuan, a 6% increase year-on-year, with a notable performance in its core e-commerce and cloud services [11][12] - Despite growth in revenue, the company faces challenges in profitability due to high operational costs and external market pressures [11][12] NetEase Financial Performance - NetEase reported a 36% increase in net profit for Q1 2025, with total revenue of 28.8 billion yuan, primarily driven by its gaming segment [13] - The company is focusing on enhancing the performance of existing games while optimizing its marketing strategies to improve profitability [13][14]

Core Viewpoint - Copper prices have seen a slight increase amid signs of progress in trade negotiations, but warnings of a global economic slowdown raise questions about the sustainability of this price rise [1] Group 1: Copper Price Movement - Copper prices have experienced a small uptick recently, indicating potential optimism in the market [1] - The increase in copper prices may be temporary, as concerns about a global economic slowdown persist [1] Group 2: Trade Negotiations - There are emerging signs of progress in trade negotiations, which could positively impact copper demand and pricing [1] - The outcome of these negotiations remains uncertain, and their impact on the copper market will need to be closely monitored [1]

Group 1 - Goldman Sachs expects OPEC+ to announce an increase of 410,000 barrels per day in June for the second consecutive month [1] - The firm maintains its price forecast for Brent crude at $63 and WTI at $59 for the remainder of 2025, with expectations of $58 and $55 respectively for 2026 [1] - A global economic slowdown or a complete reversal of OPEC+'s voluntary production cut plan of 2.2 million barrels per day could push Brent crude prices into the $40 range by 2026, with extreme scenarios potentially seeing prices below $40 [1] Group 2 - It is anticipated that Iranian supply will continue to see a moderate decline starting from the second half of 2025 [1]