值得注意的是，华兴资本创始人包凡近日结束配合调查、重回公众视野。8月8日，华兴资本回应称，包 凡不再参与集团日常管理与运营，其个人生活动态属于私人事务范畴，华兴资本不再予以回应。据悉， 包凡已于2024年2月辞去华兴资本多项职务，其妻子许彦清后接任董事会主席，公司完成管理层架构与 包凡的职务切割。 消息面上，华兴资本控股拟于8月28日举行董事会会议以审批中期业绩。公司此前发布盈喜，预期上半 年公司拥有人应占利润约6498万人民币，去年同期录得公司拥有人应占亏损约7382万人民币，同比实现 扭亏为盈，主要由于集团投资管理业务分部经营利润大幅增加，持续为集团的财务表现提供大力支持； 华兴证券有限公司2025年上半年亏损大幅降低，及集团在降低经营成本方面取得显著成果，经营开支显 著降低。 智通财经APP获悉，华兴资本控股(01911)再涨超6%，截至发稿，涨5.52%，报7.65港元，成交额3338.57 万港元。 ...

Core Viewpoint - Kemin Food, known as the "first stock of hanging noodles," reported a turnaround from loss to profit in its 2024 annual report, despite a decline in revenue and significant financial pressures [1][2][3]. Revenue Performance - Kemin Food achieved a revenue of 4.567 billion yuan in 2024, a decrease of 11.91% compared to the previous year, marking the second consecutive year of revenue decline since 2008 [2]. - The company’s revenue in 2023 was 5.184 billion yuan, reflecting a 14.42% year-on-year decrease [2]. Profitability - The net profit attributable to shareholders was 146 million yuan in 2024, a significant recovery from a loss of 65.65 million yuan in the previous year, indicating a successful turnaround [1][2]. Business Segments - Despite the overall profit, Kemin Food's newly established pig farming business continues to incur losses, with a reported loss of 94.71 million yuan in 2024 from its subsidiary, Akesu Xingjiang Muge Food Co., which generated a revenue of 784 million yuan [2]. - The traditional rice and noodle processing segment showed growth, contributing to the company's overall profitability [2]. Dividend Policy - Kemin Food announced a dividend plan of 156 million yuan, which exceeds the net profit attributable to shareholders for the year, raising concerns about financial sustainability [3]. - Including a share buyback of 136 million yuan, the total distribution amounts to 292 million yuan, representing 199.90% of the net profit [3]. Financial Health - As of the end of 2024, Kemin Food had cash and cash equivalents of only 358 million yuan, while interest-bearing liabilities exceeded 2 billion yuan, indicating significant financial pressure [3]. - The company raised 94.29 million yuan in May 2024 to supplement working capital and repay interest-bearing debts [3]. Executive Compensation - The salary of Chairman and General Manager Chen Hong increased to 699,300 yuan in 2024, up by 26,010 yuan from 2023, reflecting a substantial raise within a year of taking office [4]. - Vice Chairman Chen Hui's salary also rose to 581,100 yuan, an increase of 81,100 yuan [4].