证券日报网讯多利科技11月19日在互动平台回答投资者提问时表示，公司与主要客户之间建立了长期且 稳定的合作关系，这种合作关系不仅基于双方的信任与默契，还源于公司在产品质量、服务水平和创新 能力等方面的持续努力。与此同时，公司在深化与既有客户合作程度的同时，也持续拓展新客户，不断 优化客户结构，以增强市场竞争力。目前，公司各项业务运营态势良好，后续公司还将继续深化业务布 局，拓展优质客户资源，丰富产品种类，推动降本增效，优化生产工艺与流程，提升市场竞争力，实现 持续稳健发展。 （文章来源：证券日报） ...

Core Insights - Corporate credit repair is an effective strategy to restore customer trust and enhance market competitiveness [9][8] - Optimizing credit ratings and clearing negative records are essential steps for companies to improve their credibility and attract potential clients [5][4] Group 1: Importance of Credit Repair - Corporate credit repair helps in regaining customer trust and opens up more business opportunities [8][6] - A good credit status facilitates financing, providing companies with greater liquidity [2][6] - Understanding the current credit situation is the first step in enhancing market competitiveness [2][4] Group 2: Steps for Clearing Negative Records - Companies should actively obtain and review their credit reports to identify inaccuracies [4][10] - Timely appeals to relevant institutions for correcting misleading information are crucial [4][10] - Developing a clear plan to address legitimate negative records, such as repayment or settlement, is necessary [4][6] Group 3: Optimizing Credit Ratings - Regularly reviewing credit reports to identify key factors affecting ratings, such as negative records and debt ratios, is essential [5][11] - Enhancing financial transparency by providing detailed financial statements can improve external trust [5][11] - Building strong relationships with reputable partners can create a positive feedback loop for credit enhancement [5][11] Group 4: Enhancing Customer Trust - Transparent communication about the credit repair process is vital for restoring customer trust [5][8] - Actively responding to customer feedback and resolving issues promptly can strengthen trust [5][8] - Establishing a good brand image through positive publicity and case studies can showcase efforts in credit repair [5][8] Group 5: Financing Advantages - Improved credit ratings lead to better loan conditions and amounts from financial institutions [6] - A strong credit status allows companies to adapt proactively to changes in credit policies, reducing risks [6][8] - Overall, good corporate credit is a key factor for maintaining a competitive edge in the market [6][8] Group 6: Continuous Monitoring and Improvement - Companies should implement a credit monitoring system to regularly assess their credit status [7][12] - Collaborating with service agencies to utilize data analysis for clearing negative records can enhance credit ratings [7][12] - Continuous tracking of the effects of credit repair efforts is necessary to ensure sustained competitiveness [7][12]

Core Viewpoint - The company has entered into a contract for a construction project aimed at renovating a food production facility, which is expected to enhance operational efficiency and market competitiveness [1] Group 1: Contract Details - The company’s indirect wholly-owned subsidiary, Goli, has signed a terms document with contractor Gan Kai Cold Chain Engineering Services Limited for a total contract amount of HKD 18.8 million [1] - The construction project is located at the Precision Manufacturing Center, 3 Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong [1] Group 2: Project Scope - The renovation includes demolition, construction, electrical upgrades, air conditioning, fresh air and ventilation systems, plumbing and drainage systems, fire protection systems, ultra-low voltage systems, and IoT systems [1] Group 3: Expected Benefits - Upon completion of the construction project, the group anticipates several key benefits, including enhanced baking capacity and efficiency through the use of modern baking equipment [1] - These improvements are expected to contribute to increased business opportunities, product supply, market competitiveness, and operational efficiency [1]

Core Viewpoint - The Hong Kong government plans to integrate its overseas offices and establish a "Mainland Enterprises Going Global Task Force," which is expected to enhance Hong Kong's role as an international financial center and promote local professional services growth [1] Group 1: Financial Services and Market Competitiveness - The Hong Kong Securities and Futures Professionals Association believes that the new measures in the policy address market liquidity and product demand, thereby strengthening Hong Kong's offshore RMB hub status [1] - Proposed enhancements include expanding the stock market, increasing bond and derivative categories, and constructing a money market, which are aimed at improving market competitiveness [1] Group 2: Cross-Border Capital Cooperation - The establishment of the "Mainland Enterprises Going Global Task Force" is anticipated to facilitate cross-border capital cooperation and strengthen Hong Kong's financial services and treasury center [1] - The association emphasizes that while Hong Kong's connectivity aids in linking domestic and international capital, opportunities must be grounded in professionalism and compliance [1] Group 3: Regulatory and Talent Development - The association highlights the need for synchronized regulatory coordination, risk management, and infrastructure development alongside market expansion [1] - Continuous talent cultivation, promotion of financial technology, and green finance innovations are essential to safeguard investor interests and maintain market integrity [1]

Core Viewpoint - The recent capital increase of TBEA International Engineering Co., Ltd. from 800 million RMB to 1.5 billion RMB, representing an 87.5% increase, signifies a strong impetus for the company's future development [1][2][4] Group 1: Company Changes - The registered capital of TBEA International Engineering Co., Ltd. has significantly increased, which is expected to enhance its market competitiveness and operational capabilities [1][2] - Key personnel adjustments have been made within the company, which will likely impact future strategic planning and business layout [1][3] Group 2: Business Scope and Opportunities - The company operates in various sectors, including construction, civil engineering, and municipal public facility management, and the capital increase is anticipated to optimize and expand these business areas [1][3] - With the increase in capital and management adjustments, TBEA International Engineering Co., Ltd. is positioned to achieve breakthroughs in more fields [2][4]

Core Viewpoint - Kemin Food's 2025 semi-annual report indicates a decline in both revenue and net profit, with revenue down 10.85% year-on-year and net profit down 2.34% year-on-year [2][3]. Financial Performance - Revenue for the reporting period was 2.14 billion yuan, compared to 2.40 billion yuan in the same period last year, reflecting a decrease of 10.85% [3]. - Net profit attributable to shareholders was 100.32 million yuan, down from 102.73 million yuan, a decline of 2.34% [3]. - The net profit after deducting non-recurring gains and losses was 93.04 million yuan, a decrease of 3.92% from the previous year [3]. - The basic earnings per share increased slightly to 0.319 yuan from 0.315 yuan, a rise of 1.27% [3]. - The weighted average return on equity decreased to 3.87% from 4.16%, a drop of 0.29% [3]. Business Segments - Kemin Food operates in two main segments: food and pig farming, with the food segment focusing on the research, production, and sales of noodle and convenience food products [4]. - Despite the overall decline in performance, the decrease in net profit was less than that of revenue, attributed to lower raw material costs and improved cost control in the pig farming segment [4]. - The cost of wheat procurement per ton decreased, leading to a 4.35% increase in gross margin for the food segment [4]. Strategic Initiatives - To mitigate risks from raw material cost fluctuations, Kemin Food is implementing a multi-channel strategy for wheat procurement and maintaining a substantial wheat inventory [5]. - The company plans to continue monitoring wheat price trends and will replenish inventory during price dips to reduce procurement costs [5]. - The decline in revenue from main products like noodles and flour is primarily due to a decrease in sales volume driven by reduced market demand [5]. - Kemin Food aims to enhance product innovation and market competitiveness by focusing on high-end noodle products, expanding the use of buckwheat and whole wheat flour, and improving customer engagement through better product performance [5].

Core Viewpoint - Hong Kong Stock Exchange (HKEX) reported record high revenue and profit for the first half of 2025, with a significant increase in various business segments, indicating strong market performance and growth potential [1][2] Financial Performance - HKEX's revenue and other income for the first half of 2025 reached HKD 14.076 billion, a 33% increase compared to the first half of 2024 [1] - Shareholder profit attributable to the company was HKD 8.519 billion, up 39% from the previous year [1] - The main business revenue increased by 34% year-on-year, driven by record trading volumes in the cash and stock options markets [1] Business Growth - New stock fundraising in the first half of 2025 grew over eight times compared to the same period in 2024 [2] - Trading and settlement fees increased by 33% due to a significant rise in trading volumes [2] - The average daily trading amount for the Shanghai-Hong Kong Stock Connect reached RMB 171.3 billion, a 32% increase year-on-year [2] Market Initiatives - HKEX plans to implement several measures to enhance market competitiveness, including shortening the settlement cycle for the cash market and expanding the paperless listing mechanism [1] - The company aims to optimize IPO pricing regulations and introduce a phased reduction in the minimum tick size for securities trading [1] Investor Engagement - The participation of mainland investors in offshore markets is increasing, with the average daily trading amount for the Hong Kong Stock Connect reaching HKD 111 billion, nearly three times that of the previous year [2] - Revenue from the Shanghai-Hong Kong Stock Connect rose to HKD 18.13 billion, a record high for the first half of the year [2] Stock Performance - As of the report date, HKEX's stock price was HKD 453.4, reflecting a year-to-date increase of over 56%, with a total market capitalization of HKD 574.6 billion [2]

Core Insights - Hong Kong Stock Exchange (HKEX) reported a record high half-year performance for 2025, with revenue and other income reaching HKD 14.076 billion, a 33% year-on-year increase [1] - The average daily trading volume in the securities market surged to HKD 240.2 billion, marking an 118% increase compared to the previous year [1] - The new stock market fundraising amount in Hong Kong returned to the top globally, with a total that is over eight times that of the first half of 2024 [1] Group 1 - HKEX's strong performance in the first half of 2025 was driven by favorable market conditions, increased interest in non-USD assets, and active participation from both international and mainland investors [1] - The average daily trading volume in the Hong Kong ETF market reached HKD 33.8 billion, a 184% increase year-on-year [1] - The number of new stock listing applications being processed rose to 207, more than double the 84 applications as of December 31, 2024 [1] Group 2 - HKEX's Chairman expressed confidence in the future, believing the exchange can seize growth opportunities and enhance its role as a vital bridge between the country and the world [1] - The CEO of HKEX announced plans for the second half of the year to enhance market competitiveness, including shortening the settlement cycle for the cash market and expanding the paperless listing mechanism [2] - New measures will also include optimizing IPO pricing regulations and introducing a phased reduction in minimum price fluctuations for securities trading [2]

Group 1 - The Hong Kong Stock Exchange has received a record number of new stock listing applications in the past six months [1] - In the second half of 2025, the exchange plans to implement several measures to enhance market competitiveness and attractiveness [1] - Proposed measures include shortening the settlement cycle for the cash market, expanding the paperless listing mechanism, optimizing the pricing rules for initial public offerings, and introducing the first phase of lowering the minimum price fluctuation for securities trading [1]

Investment Overview - Ningbo Ocean Transportation Co., Ltd. plans to invest up to 2 billion RMB to build 4 container ships with a capacity of 4300 TEU [1] - The investment will be determined through a bidding process, and it is currently unclear if it constitutes a related party transaction [1] - This investment does not qualify as a major asset restructuring [1] - The total investment in container ships over the past 12 months exceeds 50% of the company's latest audited net assets, requiring approval from the shareholders' meeting [1] Impact on Company - The investment aims to optimize the company's fleet structure, expand fleet size, and enhance service capabilities, thereby improving market competitiveness [2] - The decision has been carefully evaluated and aligns with the company's strategic development plan, with no significant adverse effects on financial status or ongoing operations [2] Risk Analysis - The company acknowledges potential uncertainties in future operations, including macroeconomic conditions, geopolitical factors, industry policies, and market environments [3] - The company will monitor these factors closely and adjust risk management strategies accordingly to ensure sustainable development [3]