原标题：南都物业拟"清仓式"减持安邦护卫超400万股标的股价下跌致公司去年净利润大幅下滑 每经记者｜蔡鼎 每经编辑｜魏官红 南都物业（603506.SH，股价14.05元，市值26.38亿元）8月11日晚间公告，公司拟通过集中竞价、大宗交易方式"清仓式"减持持有的 安邦护卫403.23万股，占安邦护卫总股本的3.75%，股份来源为IPO（首次公开发行）前取得，交易价格根据市场价格确定。 公告称，本次交易不构成关联交易或重大资产重组，已获董事会审议通过，但尚需股东大会审议。减持将优化公司资产结构，增加现 金资产。 入股时间为安邦护卫IPO前 此外，安邦护卫2023年和2024年年报均披露进行了分红，两次累计分红（含税）超1亿元。无论从股权投资的角度还是从分红的角度 来看，南都物业都已赚得盆满钵满。 安邦护卫股价下跌致南都物业去年净利润大幅下滑 若按照安邦护卫8月11日收盘价计算，南都物业持有的403.23万股如全部清仓将套现约2.06亿元，占南都物业2024年18.05亿元营收的 11%。 财报显示，南都物业2024年营收同比下滑2.45%至18.05亿元，为公司2018年上市以来营收首次出现同比下滑，公司称， ...

Core Viewpoint - The company, Fangzheng Securities, has undergone an audit of its 2024 financial statements, revealing significant details about its financial asset investments and the associated risks and losses incurred during the year [1][2]. Financial Performance - As of the end of 2024, the total financial investments held by the company amounted to 113.664 billion yuan, representing a year-on-year decrease of 13.91% [2][4]. - The company reported a net investment income and fair value change of 1.939 billion yuan, an increase of 22.49% compared to the previous year [4][9]. - The fair value losses from trading financial assets amounted to 649 million yuan, while losses from derivative financial instruments totaled 1.475 billion yuan [2][4]. Financial Asset Details - The breakdown of financial investments includes trading financial assets, other debt investments, equity investments, and derivative financial assets, with a total initial cost of 111.738 billion yuan [5][6]. - Specific asset categories include perpetual bonds (10.782 billion yuan), government bonds (25.190 billion yuan), and corporate bonds (2.408 billion yuan) [5][6]. Investment Losses - The company experienced significant losses in its financial asset investments, with a notable decline in the valuation of non-listed equity investments, which decreased by 1.003 billion yuan due to market conditions [9][10]. - The losses from derivative financial instruments were primarily attributed to hedging strategies that resulted in losses when the market rose [10][12]. Risk Management - The company has established a warning and tracking disposal team to manage assets with overdue or default situations, ensuring regular reviews of asset disposal processes [12][16]. - As of the end of the reporting period, there were nine financial products with overdue or default situations, with an initial cost of 475 million yuan and cumulative impairment of 405 million yuan [12][16]. Regulatory Compliance - The audit conducted by Ernst & Young confirmed that the financial statements of Fangzheng Securities complied with the relevant accounting standards, ensuring that the financial asset investments were accurately reported [13][14].

Core Viewpoint - Shandong Financial Asset Management Co., Ltd. (Shandong Jinzi) reported a significant decline in revenue and net profit for the year 2024, indicating challenges in its core business segments due to macroeconomic factors and increased competition [1][2]. Financial Performance - In 2024, Shandong Jinzi achieved an operating income of 2.147 billion yuan, a decrease of 45% year-on-year, and a net profit of 1.697 billion yuan, down 21% from the previous year [1]. - The revenue from the three main business segments—non-performing assets, comprehensive financial services, and asset management—declined by 34.76%, 32.86%, and 52.93%, respectively [1][2]. Business Segment Analysis - The non-performing assets segment's revenue drop of 34.76% was attributed to increased difficulty in asset disposal and declining disposal yields due to intensified industry competition [2]. - The comprehensive financial services segment saw a 32.86% revenue reduction, primarily due to a focus on non-performing asset operations and a decrease in project yields resulting from national interest rate cuts [2]. - The asset management segment's revenue fell by 52.93%, mainly due to declining yields from certain non-performing asset funds and debt funds [2]. Impairment and Credit Losses - The fair value change loss was reported at -746 million yuan for 2024, an increase of 36.88% compared to -545 million yuan in 2023, reflecting a strategy to tighten asset quality [2][4]. - The comprehensive financial services business experienced a dramatic increase in credit impairment losses, with a 1768% rise in 2023 compared to 2022 [4]. Investment and Risk Management - As of September 2024, four out of the five largest investments in the comprehensive financial services business were in entrusted loans, totaling 2 billion yuan [2]. - The company has been tightening its business entry rules and controlling the scale of new business in response to macroeconomic downturns and credit risk exposure [4]. Historical Revenue Trends - Revenue from the comprehensive financial services business from 2021 to 2024 showed a downward trend, with figures of 577 million yuan, 333 million yuan, 283 million yuan, and 190 million yuan, respectively [5].

Core Viewpoint - The company reported a revenue increase of 10.76% year-on-year for the first quarter of 2025, but also experienced a net loss that worsened compared to the previous year, primarily due to investment losses and challenges in the building materials sector [3][4][7]. Financial Performance - The company's operating revenue for the first quarter was 338.63 million yuan, up from 305.73 million yuan in the same period last year, an increase of 32.91 million yuan [3]. - The construction segment contributed to the revenue increase, with a rise of 15.41 million yuan, driven by several ongoing projects [3]. - The building materials segment saw an increase of 16.78 million yuan in revenue, attributed to higher sales volumes of cement [3]. Profitability Analysis - The net profit attributable to shareholders was -124.04 million yuan, worsening from -73.52 million yuan in the previous year, an increase in loss of 50.53 million yuan [4][7]. - The construction segment's net profit improved by 14.13 million yuan, while the building materials segment's net profit decreased by 42.96 million yuan, reflecting challenges in sales and cost pressures [4][5]. Non-Recurring Gains and Losses - The company reported significant non-recurring losses primarily from investments, with a loss of 44.74 million yuan due to declines in the fair value of shares held in other listed companies [6]. New Contracts - In the first quarter of 2025, the company signed two construction contracts exceeding 20 million yuan, with a total contract value of 194.80 million yuan [14]. Legal Matters - The company faced a legal ruling where its claims regarding environmental infringement were dismissed, which may impact its future operations and financial outlook [11]. Future Developments - The company is in the process of establishing a new cement production line in Linzhi City, which is currently in the public announcement phase [10].

本报讯(记者蒙婷婷)4月25日晚间，四川汇宇制药股份有限公司(以下简称"汇宇制药""公司")发布2025年 第一季报告。2025年一季度，公司实现营业收入2.39亿元，同比下滑1.46%；归属于上市公司股东的净 利润亏损2562.65万元，较2024年一季度的4643.59万元下滑155.19%，这是公司2021年上市以来，首次 出现单季度业绩亏损的情形。 汇宇制药董事长曾因父母炒作公司股票被处罚。根据公司相关公告，2025年1月17日，上海证券交易所 作出了关于对汇宇制药时任董事长兼总经理丁兆予以通报批评的纪律处分决定。 根据中国证券监督管理委员会四川监管局出具的《行政处罚决定书》显示，2018年11月至今，丁兆担任 汇宇制药董事长、总经理，丁某系丁兆父亲，严某系丁兆母亲。2021年10月26日至2023年9月22日，丁 某、严某分别使用本人证券账户合计买入"汇宇制药"股票约14.22万股，成交金额约281.31万元。2022年 4月25日至2023年11月1日，丁某、严某账户合计卖出"汇宇制药"股票约14.22万股，成交金额约252.51万 元。前述交易构成买入后六个月内卖出以及卖出后六个月内又买入的情形 ...