登录新浪财经APP 搜索【信披】查看更多考评等级 ■ 扬州金泉旅游用品股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： (一)股东大会类型和届次 2025年第一次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025年8月29日 14 点 00分 证券代码：603307 证券简称：扬州金泉 公告编号：2025-035 召开地点：扬州市邗江区杨寿镇回归路63号一楼会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025年8月29日 至2025年8月29日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会召开当日的交易时间 段，即9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为股东大会召开 ...

证券代码：600497 证券简称：驰宏锌锗 公告编号：临 2025-029 云南驰宏锌锗股份有限公司 第八届董事会第二十三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 次会议的召集和召开符合《公司法》《证券法》《上海证券交易所股票上市规则》 和《云南驰宏锌锗股份有限公司章程》等有关规定。 二、董事会会议审议情况 （详见公司"临 2025-031"号公告）； （1）减少公司注册资本 公司总股本由 5,091,291,568 股变更为 5,040,380,483 股，并拟相应减少注册资本 人民币 50,911,085 元，减资完成后，公司注册资本将变更为人民币 5,040,380,483 元。 表决结果：同意 10 票，反对 0 票，弃权 0 票。 （2）取消公司监事会 根据《中华人民共和国公司法》《上市公司章程指引（2025 年修订）》等 相关监管规定，并结合公司实际情况，公司拟取消监事会，其职权由董事会审计 与风险管理委员会承接行使，并同步废止《云南驰宏锌锗股份有限公司监事会议 ...

大悦城地产（0207.HK）拟私有化退市，计划斥资29.32亿港元回购股份 中国基金报记者 李智 7月31日晚间，大悦城（股票代码：000031）发布公告称，公司控股子公司大悦城地产有限公司（以下简称大悦城地产，股票代码：0207.HK）拟向除公 司和得茂有限公司（以下简称得茂）以外的其他股东提出私有化建议，以协议安排方式回购股份，每股对价0.62港元，总金额约29.32亿港元。 大悦城地产拟私有化退市 7月31日晚间，大悦城发布公告称，公司控股子公司大悦城地产将通过协议安排的方式回购股份，并计划在香港联交所撤销上市地位。 交易对方为除大悦城和得茂以外的大悦城地产其他所有股东，每股计划股份换取0.62港元现金，总计约29.32亿港元。协议安排生效后，计划股份将被注 销，大悦城地产将申请撤销在香港联交所的上市地位。 优化公司治理框架 整合组织架构与股权结构 据悉，大悦城地产以开发、经营和管理大悦城为品牌的城市综合体为主要业务方向，同时，开发、销售、投资管理其他物业项目，拥有投资物业、物业开 发、酒店运营、管理输出及其他服务四大业务板块。 截至2024年末，大悦城地产已经布局京津冀、长三角、粤港澳大湾区、成渝、长 ...

Core Viewpoint - Daxuecheng Real Estate (0207.HK) plans to privatize and delist by repurchasing shares at a price of HKD 0.62 per share, totaling approximately HKD 29.32 billion [2][4][7]. Group 1: Privatization Details - The repurchase will be conducted through an agreement with all shareholders except Daxuecheng and Demao, with a total cash payout of approximately HKD 29.32 billion [7]. - Before the agreement, Daxuecheng holds 64.18% of shares, while Demao holds 2.58%, and other shareholders hold 33.24%. After the agreement, Daxuecheng's stake will increase to 96.13% [8]. - The share price before suspension was HKD 0.37, with a market capitalization of HKD 52.7 billion [8]. Group 2: Business Operations - Daxuecheng Real Estate focuses on developing, operating, and managing urban complexes under the Daxuecheng brand, with four main business segments: investment properties, property development, hotel operations, and management services [12]. - The company has established a presence in key cities across five major urban clusters in China, managing 32 projects in 24 cities, including Beijing, Shanghai, and Guangzhou [12]. Group 3: Financial Performance - Daxuecheng reported a net profit of between RMB 80 million and RMB 120 million for the first half of 2025, marking a return to profitability [13]. - Long-term performance has been under pressure, with significant declines in net profit since 2020, and the company has faced losses since 2022 [14]. - As of July 31, Daxuecheng's stock price was HKD 3.02, with a total market value of RMB 12.9 billion [16].

Group 1 - MicroPort Medical (00853) shares increased by over 7%, currently up 6.47% at HKD 13.82, with a trading volume of HKD 724 million [1] - On July 25, the largest shareholder, Otsuka Medical Devices, sold 15.71% of its 20.70% stake to several buyers, including Shanghai Maitake (7.31%), We'Tron Capital Limited (7.31%), and an investment platform affiliated with the management of MicroPort (1.08%) [1] - Northeast Securities noted that the restructuring of the major shareholder is expected to enhance business expansion and improve corporate governance; the introduction of state-owned investors as strategic shareholders is anticipated to support the company's core business development and strategic acquisition capabilities [1] Group 2 - The company has released its mid-term performance forecast, indicating that it has met the profit commitment for the first half of 2025, with expectations for continued improvement in profitability in the second half of 2025 [1] - The anticipated profit for the second half of 2025 is USD 0.52 billion to satisfy the terms of the convertible bond financing agreement [1]

智通财经APP获悉，微创医疗(00853)再涨超7%，截至发稿，涨6.47%，报13.82港元，成交额7.24亿港 元。 东北证券指出，大股东结构调整，期待业务拓展与公司治理优化前景；本次交易引进国资背景投资者作 为公司战略股东，依托其国资背景和产业资源，有望助力公司核心业务拓展和战略并购能力、改善公司 治理水平。该行指出，公司中期业绩预告出炉，完成25年上半年利润承诺，期待25年下半年盈利能力持 续好转；下半年盈利0.52亿美元以满足可换股融资协议相关条款。 消息面上，7月25日 ，微创医疗第一大股东大冢医疗器械将持有的20.70%股权中的15.71%出售给若干买 方，包括上海迈泰克7.31%（上海上实资本为执行事务合伙人，股权穿透为上海财政局、上海国资委 等）、We'Tron CapitalLimited 7.31%和微创公司管理层旗下投资平台1.08。 ...

Investment Rating - The report maintains a "Positive" outlook for the home appliance industry, indicating a relative strength compared to the market benchmark index [4]. Core Insights - The leading companies in the cleaning and small home appliance sector are undergoing governance optimization, which is expected to improve operations. The overall demand for home appliances is anticipated to rise due to favorable policies and a vibrant new consumption landscape [2][7]. - The report highlights the potential for growth in the cleaning and small appliance segments, with significant year-on-year increases in online retail sales for key products such as robotic vacuums and washing machines [7]. - The report suggests that the upcoming air conditioning season may benefit from higher temperatures and lower inventory levels, leading to increased demand for home appliances [2]. Summary by Sections Investment Recommendations and Targets - The report recommends focusing on companies like Stone Technology (688169, Buy) and Bear Electric (002959, Hold) due to their positive changes and internal governance improvements. It also suggests monitoring major white goods leaders like Midea Group (000333, Not Rated) and Haier Smart Home (600690, Buy) for their efficiency and policy benefits [2]. - The report emphasizes the importance of companies that are actively expanding overseas and improving their operational efficiency, such as Hisense Electric (000921, Not Rated) and Hisense Visual (600060, Hold) [2]. - It also points out the potential for kitchen appliance companies like Boss Electric (002508, Buy) and Vatti (002035, Not Rated) to adapt to the easing of real estate pressures and adjust their strategies for overseas markets [2]. Market Trends - The report notes that the demand for cleaning appliances and small home appliances has been robust, with significant growth rates in online sales for key categories. For instance, sales of robotic vacuums increased by 45.93%, washing machines by 41.66%, and health pots by 28.66% year-on-year [7]. - The report anticipates that the growth momentum in these segments will continue, driven by sustained government subsidies and increasing consumer acceptance of these products [7]. Company-Specific Developments - Stone Technology is undergoing a strategic shift with a new management team, which is expected to enhance its operational and governance capabilities. The company plans to issue H-shares in Hong Kong, reflecting a commitment to global expansion [7]. - Bear Electric is also adjusting its management structure to improve strategic alignment and operational efficiency, which may lead to better profit margins in the short term [7].

Core Viewpoint - Goldman Sachs' newly selected list of "Top 10 Private Enterprises in China" has garnered significant market attention, highlighting the vitality of China's private economy and reflecting five core trends in industrial development: technological innovation, domestic demand-driven growth, globalization, consumption upgrades, and corporate governance optimization [1] Group 1: Company Overview - The selected 10 companies include Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui Medicine, Ctrip, and Anta, representing a complete ecosystem of China's new economy [3] - Tencent and Alibaba dominate the digital economy, with Tencent's fintech and enterprise services accounting for 34% of its revenue, while Alibaba's cloud computing business has achieved profitability for eight consecutive quarters [3] - BYD and Xiaomi serve as the dual engines of China's intelligent manufacturing, with BYD surpassing Tesla in electric vehicle sales and Xiaomi holding a 14.1% global market share in smartphones [3] Group 2: Financial Performance - The average compound annual growth rate of revenue for these 10 companies over the past five years is 19.8%, significantly outpacing other constituents of the MSCI China Index [5] - Meituan's takeout business shows stable growth, with new business losses narrowing to 4.8 billion yuan, while NetEase's overseas gaming revenue exceeds 35%, showcasing its strong cross-cultural operational capabilities [5] - The average R&D intensity of the top 10 companies is 8.2% of revenue, with Hengrui Medicine's R&D investment reaching 28%, indicating a strong commitment to future growth [5] Group 3: Valuation Insights - The average price-to-earnings ratio of these companies is 16 times, representing a 20% discount compared to their historical average [7] - Midea Group's dividend yield has risen to 4.5%, while Anta Sports' operating cash flow increased by 32% year-on-year, and Ctrip's total bookings have recovered to 1.3 times the level of 2019 [7] - Compared to U.S. tech giants, the PEG ratio of China's top 10 shows significant advantages, particularly in the commercialization of AI, with Alibaba's Tongyi Qianwen and Tencent's Hunyuan large model entering large-scale application phases [7] Group 4: Policy Environment - The top 10 companies benefit from favorable national policies, including the introduction of digital economy promotion regulations, continued tax exemptions for new energy vehicle purchases until 2027, and the expansion of green channels for innovative drug and medical device approvals [9] - The expansion of the Hong Kong Stock Connect and the reform of the A-share registration system have improved the financing environment for private enterprises, with estimated annual incremental capital inflows exceeding 80 billion yuan through these channels [9] Group 5: Future Outlook - These leading enterprises are expected to continue driving industrial transformation, with Tencent exploring virtual and real integration, Alibaba repositioning in the AI large model era, BYD's intelligent transformation, and Meituan's commercialization of drone delivery [11] - As the demand for wealth management among Chinese residents surges, these quality assets are poised to become key targets for both domestic and foreign capital allocation [11] Group 6: Notable Exclusion - Notably, Huawei is absent from Goldman Sachs' list of "Top 10 Private Enterprises in China" as it is not a publicly listed company, which is a criterion for inclusion [13]