本报（chinatimes.net.cn）记者吴敏 北京报道 继三峡人寿之后，又一保险公司股东股权无偿划转。 鼎和财险近日发布公告称，公司现有股东南方电网财务有限公司（下称"南网财务"）拟将其持有全部 6.5%股权，无偿划转至南方电网产融控股集团有限公司（下称"南网产融"）。目前，该事项尚需获得金 融监管总局深圳监管局批准后生效。 股权划转双方均属于南方电网100%实际控制子公司。鼎和财险在公告中表示，本次股权划转完成后， 公司实际控制人均未发生变动，仍为南方电网。 作为南方电网体系孕育的"电网系"险企，鼎和财险自2008年成立次年便实现盈利，并创下连续十七年持 续盈利的行业纪录。然而，正是这种由股东背景带来的稳定性和特殊性，也让其发展路径存在隐忧。当 公司迈向市场化深水区，这家看似顺风顺水的企业，正面临增长模式转型所带来的最严峻挑战。 股权变迁：从电网独占到多元混改 成立于2008年的鼎和财险，早期股东清一色来自电网体系。这种独特的股东背景，也为鼎和财险提供了 稳定的业务来源。一方面是保费收入的持续增长，从成立之初的1.21亿元增长至2024年的75.35亿元。净 利润更是保持十余年的连续盈利。近四年，即2 ...

每经记者｜李可愚 每经编辑｜毕陆名 据国务院国资委官网消息显示，7月17日，国资委召开中央企业、地方国资委负责人视频会，总结上半 年工作，部署下半年重点任务，推动国企国资改革发展不断取得新成效。 会议指出，国企央企收入利润持续快速增长，创历史同期最好水平，1~6月，国资监管系统监管企业实 现营业收入25.7万亿元，同比增长10.6%，实现利润总额16508.9亿元，同比增长22.6%，其中中央企业 实现营业收入13.7万亿元，同比增长10.1%，实现利润总额8877.9亿元，同比增长23%。 《每日经济新闻》记者注意到，在上半年不少国企改革取得关键性突破的背景下，此次会议为下一步国 企改革具体工作绘制了更为详细的"施工图"。央企集团层面混改、央企兼并重组、国企市值管理等多项 国企改革举措，在此次会议上都提出了明确的落实方案。同时，会议称，下半年将由子企业升至集团层 面，稳妥推进2~3家央企集团层面实施股权多元化。 部分领域混改取得突破进展 在本轮国企改革中，"混合所有制改革"毫无疑问成为了热度最高的关键词。上半年，国企央企混改出现 了不少具有标志性意义的事件： 今年2月8日，正推进混改进程的中国联通发起召开了 ...

作为本次交易的核心标的，宁波交工实力雄厚，以综合交通施工业务为主业，具备公路工程施工总承包 特级、港口与航道工程施工总承包一级、市政公用工程施工总承包一级、铁路工程施工总承包一级等稀 缺资质，是宁波市唯一一家集齐上述高等级资质的企业。其业务范围覆盖公路工程、港口与航道工程、 市政工程（含城市道路、城市地下管廊、城市轨道交通）施工、重大项目代建及高速公路养护等领域， 先后参与杭州湾跨海大桥、舟山连岛工程、象山港大桥等标志性交通基础设施项目，还拥有"李春 奖""詹天佑奖""鲁班奖"等多项行业最高荣誉，品牌认可度与行业地位突出。 11月19日晚，宁波建工（601789）（601789.SH）发布公告称，公司发行股份购买资产暨关联交易事项 已获得上海证券交易所并购重组审核委员会审核通过。本次交易作为控股股东宁波交通投资控股有限公 司（以下简称"交投集团"）履行解决同业竞争承诺的重要举措，将实现房建施工、市政工程和公路工程 等业务的归集整合，预计显著提升宁波建工产业链竞争力。 据交易方案，宁波建工拟通过发行股份的方式，向控股股东交投集团购买其持有的宁波交通工程建设集 团有限公司（以下简称"宁波交工"）100%股权，交易 ...

Group 1: Driving Factors for Urban Investment Transformation - Urban investment companies in China are under unprecedented pressure to transform from traditional government financing platforms to market-oriented, industrial entities due to external policy, debt, and market pressures [1][2][3] - The People's Bank of China and other departments have mandated that urban investment companies fully "exit the platform" by June 2027, detaching from government financing functions [2] - As of June 2025, urban investment companies had a total interest-bearing debt of 67.82 trillion yuan, with high financing costs in key provinces [2] Group 2: Internal Demand for Sustainable Development - The traditional reliance on government credit and fiscal support is unsustainable, necessitating a shift towards market-oriented and industrialized operations for survival [3] - The transformation allows urban investment companies to diversify income sources, improve cash flow structures, and enhance resilience against economic cycles [3] Group 3: Transformation Paths for Urban Investment Companies - Urban investment companies need to adapt to tightened policies and market changes through four main transformation paths: business structure, asset and capital, management mechanism, and debt resolution [4] - The first path involves shifting focus from infrastructure construction to becoming urban operation service providers, regional development operators, and resource integrators [5][6][8] - The second path emphasizes asset securitization and mixed-ownership reforms to optimize capital structures and reduce debt ratios [9] - The third path focuses on modernizing management mechanisms to improve efficiency and reduce administrative burdens [10][11] - The fourth path involves debt restructuring and financial transformation to mitigate risks and enhance operational capabilities [12] Group 4: Significance of Urban Investment Transformation - The transformation of urban investment companies is crucial for implementing national strategies and promoting local economic development [13][14] - It serves as a core engine for upgrading local economies by optimizing resource utilization and enhancing resilience against economic fluctuations [15] - The transformation also represents a key practice in deepening state-owned enterprise reforms at the local level, addressing common issues such as administrative dominance and weak profitability [16]

10月29日，《每日经济新闻》报道深圳优联网讯网络科技有限公司（以下简称"深圳优联"）旗下的优联 云购商城长期低价线上销售黄金，且多次出现延迟发货问题。 2024年以来，优联云购自称销售新疆"地方补贴产品"，消费者购买后可返U豆（类似购物积分），并可 用U豆低价购买黄金。 今年8月前后，优联云购对黄金"延迟发货"，公司称将与国企新疆昆仑天和农业科技发展有限公司（以 下简称"昆仑天和"）开展混合所有制改革，需核实"补贴"等。 11月8日，《每日经济新闻》记者从昆仑天和关联方了解到，昆仑天和已就相关事件委托律师发布声 明，主要内容包括：昆仑天和是深圳优联的供应商之一，向深圳优联供应新疆地方特色产品，公司与消 费者不产生直接法律关系，公司也从未参与优联云购的运营管理、用户服务、销售模式制定、营销策略 决策及相关促销活动等工作。昆仑天和向深圳优联供应的货物没有任何政府补贴。关于混合所有制改革 事宜，公司前期仅有初步意向，目前已全面停止拟与深圳优联的混改工作。 另据消费者提供的资料，深圳市场监管部门11月回应消费者表示，企业（深圳优联）涉嫌诈骗和非法集 资。 另一方面，记者以消费者身份与深圳优联工作人员对话后，公司一方 ...

每日经济新闻 随着一根根金条邮寄到手，刘云清愈发信任该商城，但2025年8月前后，优联云购的黄金却突然延迟发货了。随后两个月里，尽管该商 城公布了理由，众多消费者的心情却未能平静。直到10月下旬，等不到发货的刘云清和朋友们越发感觉不对劲，他们回想公司前后一 系列操作，怀疑遭遇了投资诈骗。刘云清告诉《每日经济新闻》记者："光是委托我到深圳报案的消费者就有几十人，这里面最多的在 优联云购投入超百万元。" 随后，记者以消费者身份与深圳优联工作人员对话，公司一方却称消费者低价购买黄金可能涉嫌骗取"补贴"获利。 买卖双方各执一词，这场黄金投资"罗生门"真相为何？ 每经记者|孔泽思 每经编辑|陈 旭 10月27日，当刘云清（化名）站在深圳优联网讯网络科技有限公司（以下简称深圳优联）办公室楼下时，他心中思绪万千。 近两年，黄金价格大涨之际，投资金产品持续热销。2024年，刘云清偶然得知深圳优联旗下的优联云购商城以低于市场价线上销售黄 金，他便陆续在该网络商城购买了价值数十万元的金条。 过去两年多次延迟发货 据消费者介绍，优联云购长期以低于市场的价格线上销售黄金，与常规购金渠道形成价差，这为商城吸引了大量消费者。 其实，20 ...

Core Viewpoint - The article discusses the issues surrounding Shenzhen Youlian Network Technology Co., Ltd. and its online gold purchasing platform, Youlian Cloud Purchase, which has faced delays in gold deliveries, leading to consumer suspicions of investment fraud [1][3][4]. Group 1: Company Operations - Youlian Cloud Purchase has been selling gold at prices lower than the market rate, attracting many consumers [3][4]. - The company has experienced multiple instances of delayed gold deliveries, with consumers reporting issues since 2023 [4][10]. - In 2023, Youlian Cloud Purchase achieved a daily sales record of 40 million yuan, with a revenue target of 15 billion yuan for 2024 [11]. Group 2: Consumer Experiences - Consumers like Liu Yunqing have invested significant amounts in gold through the platform, only to face delays in receiving their purchases [1][4]. - Many consumers have expressed concerns about the company's practices, with some alleging that they have been victims of fraud [1][3][4]. - The introduction of a new sales model involving "local subsidy products" has led to confusion and dissatisfaction among consumers, as these products are priced higher than market rates [5][10]. Group 3: Regulatory and Legal Issues - The company is undergoing a mixed-ownership reform with a state-owned enterprise, which has led to a review of its operations and potential delays in fulfilling orders [11][12]. - Allegations have arisen regarding consumers potentially violating subsidy regulations by reselling products purchased through the platform [12][16]. - The company has announced plans to investigate users suspected of fraudulent activities related to subsidy claims, further complicating the situation [12][16].

Summary of Key Points from Conference Call Industry and Company Overview - The conference call discusses the "15th Five-Year Plan" (2021-2025) focusing on various reforms and policies in China, particularly in the context of high-quality development and market economy [1][5][6]. Core Insights and Arguments - **Supply-Side Reform**: The plan emphasizes deepening supply-side reforms to promote high-quality development, particularly in the new energy vehicle industry [1][6]. - **Market Economy**: A high-level market economy is highlighted as a key focus for the next fifteen years, stressing the decisive role of the market in resource allocation and the effective role of the government [1][5]. - **Integration of State-Owned Enterprises (SOEs)**: There will be a push for the integration of SOEs in sectors like mineral resources and electricity to enhance strategic execution capabilities [1][6]. - **Legal Protection for Private Enterprises**: The plan aims to legally safeguard the rights of private enterprises and encourage mixed-ownership reforms to optimize corporate governance [1][6][8]. - **Addressing Local Protectionism**: Local protectionism and disorderly competition are identified as obstacles to building a unified national market, with measures to address these issues through standards and safety technologies [1][7]. - **Social Welfare Expansion**: The government plans to expand social welfare and subsidies, including childcare and rural pension increases, starting in September 2025 [3][20]. Additional Important Content - **Challenges in Capital Markets**: The capital market faces challenges such as registration system reforms and cautious attitudes from large funds regarding market entry due to high valuations [18]. - **Real Estate Market Dynamics**: The real estate market is shifting from high demand to oversupply, with annual sales expected to stabilize between 8-10 trillion yuan, moving away from previous peaks [3][25]. - **Income Distribution and Common Prosperity**: The plan includes reforms in income distribution and policies aimed at common prosperity, focusing on reducing disparities through targeted subsidies and tax reforms [26]. - **Role of Artificial Intelligence**: AI is seen as a transformative force across industries, akin to the role of electricity in the past, driving efficiency and innovation [17]. - **Debt Management**: Local debt issues are to be managed by expanding local debt scales, with a focus on improving asset efficiency to support greater borrowing capacity [22][23]. This summary encapsulates the key points discussed in the conference call, providing insights into the strategic direction of China's economic policies and the implications for various sectors.

Core Insights - The recent management shake-up at Zhixing Star has significantly impacted the company, with President Zhang Lei being suspended and other executives dismissed, raising concerns about the company's future performance [1][2] - Zhixing Star, once a leader in mobile gaming, has seen a substantial decline in its financial performance, with a 47.15% year-on-year drop in net profit for the first half of the year [1][7] - The company is heavily reliant on its flagship game, "Clash of Kings," which has not seen a comparable successor since its launch, leading to concerns about sustainability in a competitive market [7][8] Management Changes - The suspension of President Zhang Lei is part of a broader trend of executive turnover, including the resignation of Vice President Peng Xin in September [2] - Employees at Zhixing Star appear to be largely unaffected by the management changes, maintaining normal operations despite the turmoil [2] Company Background - Zhixing Star was founded in 2008 and is recognized as one of the first Chinese gaming companies to expand internationally, achieving early success with games like "Happy Farmer" [4] - The company gained significant recognition with the release of "Clash of Kings" in 2014, which became a benchmark in the strategy game genre and achieved remarkable global success [5][6] Financial Performance - In the first half of 2025, Zhixing Star reported revenues of 551 million yuan, a decrease of 20.70% year-on-year, and a net profit of 111 million yuan, down 47.15% [7] - The company's reliance on "Clash of Kings" has been identified as a structural issue, with the potential for revenue decline if player preferences shift or competitors release superior products [7] Future Challenges - The new management team faces the immediate challenge of stabilizing employee morale and ensuring a smooth transition in operations [8] - Long-term, the company must innovate and diversify its game offerings while maintaining its traditional strengths in the strategy game sector to rebuild its competitive edge [8]

浙江浙能迈领环境科技股份有限公司(简称"浙能迈领")拟赴港上市，目前正就香港IPO上市券商、境内 外律师、审计师等中介机构进行选聘，采用公开竞争性谈判、资格后审的方式进行采购。 浙能迈领以"技术出海"开拓新版图，根据世界船舶权威咨询机构克拉克森研究(Clarksons Research)2024 年11月发布的脱硫塔供应商排名数据，浙能迈领脱硫订单量位居全球脱硫塔供应厂商首位。 值得注意的是，浙能迈领与全球最大的独立集装箱船东塞斯潘航运集团(Seaspan)今年6月在上海签署正 式合作协议。由此，浙能迈领全球累计脱硫塔订单正式突破1000套，在全球航运环保领域的影响力再上 新台阶。 公开资料显示，浙能迈领隶属浙江省能源集团公司下属企业，成立于2018年6月，是由浙能集团控股的 混合所有制公司，也是浙江省国资委混合所有制改革试点企业。 从船舶脱硫系统起家，浙能迈领秉持着服务客户、执着创新的精神，如今已经成为全球市场占有率 TOP1、单年交付200余台套系统的船用脱硫系统总承包商。 ...