现代牧业(01117)发布截至2025年6月30日止6个月中期业绩，该集团取得收入60.73亿元，期内亏损9.84 亿元，每股亏损11.67分。 健康牛群结构：截止2025年6月30日，本集团共饲养47.25万头乳牛，同比增长6.2%，其中成乳牛占比为 54.1%，同比提升3.5个百分点，符合本集团的整体牛群管理策略。 原料奶业务持续增长：期内，成乳牛平均年化单产及总产奶量双双创历史新高。成乳牛平均年化产量达 13.2吨，同比增长1.5%，居于行业领先水平。期内，原料奶总产量达166.1万吨，同比增长14.6%。 本集团以"布局产业链，数智创新，做全球牧业引领者"为企业愿景，以原料奶生产为核心业务，通过数 智化转型和生态化发展双轮驱动，构建覆盖乳业全价值链的业务体系。目前业务范围涵盖：种业研发、 牧草种植、饲料、奶牛养殖及产业链数智平台。通过全产业链协同发展模式，集团业务保持稳健增长态 势。 强劲经营现金流：本集团持续推动提质增效，期内成本节约取得显著成效，取得经营活动所得现金净额 4.9亿元，较2024年同期增加23.3%，增强了企业核心竞争力和行业周期的抵御能力。 ...

近日，中国人民银行发布2025年第二季度支付体系运行总体情况。 截至二季度末，全国银行账户总量达152.38亿户，全国共开立银行卡100.68亿张，环比增长0.68%；信 用卡和借贷合一卡7.15亿张，环比下降0.83%。交易端呈现"笔数升、金额降"趋势，二季度银行卡交易 1466.62亿笔，环比增12.9%，但交易金额226.70万亿元，环比减少12.06%。 另外，信用卡业务则呈现持续收缩态势，年内已有多家银行关停信用卡分中心。当前，信用卡业务转 向"属地化综合经营"，正逐步融入综合金融服务生态之中。 二季度整体交易笔数增加、规模下降 根据二季度支付体系运行总体情况，截至二季度末，全国共开立银行账户152.38亿户。开立单位银行账 户1.16亿户，其中，基本存款账户8075.15万户;开立个人银行账户151.22亿户。 具体从银行卡业务来看，截至二季度末，全国共开立银行卡100.68亿张，与一季度末的100.00亿张相 比，增长0.68%；其中，借记卡93.54亿张，环比增长0.81%；信用卡和借贷合一卡7.15亿张，环比下降 0.83%。 此外，今年二季度非银支付机构交易规模环比下降，但交易笔数处于上涨 ...

Core Viewpoint - Quantum Song Group (NASDAQ: QSG) is acquiring the remaining equity of its subsidiary Letsvan through a cash and stock combination, marking a deep integration phase for both companies in the trendy toy business [4]. Group 1: Acquisition Details - The acquisition will be executed through a private placement of 18,219,330 shares of Class A common stock to Letsvan's founder and CEO, Zhan Huiyu, as compensation for the remaining equity [5]. - The shares will be delivered in three phases and will include vesting and lock-up provisions [5]. - Zhan Huiyu will be appointed as a director of Quantum Song on August 1, 2025, to facilitate the integration [5]. Group 2: Background of Letsvan - Letsvan is a pioneer in China's trendy toy industry, focusing on global artist IP incubation, operation, and full-chain commercialization of trendy toy products [4]. - Prior to founding Letsvan in 2020, Zhan Huiyu accumulated extensive experience in the cultural gifts and trendy toy sectors, having worked for companies like Walmart (Shenzhen) and CITIC Health [6]. Group 3: Strategic Implications - The transaction aims to further integrate resources between Quantum Song and Letsvan, enhancing business synergy and competitive advantage in the trendy toy sector [6]. - In March 2023, Quantum Song acquired 61% of Letsvan, marking the largest primary market acquisition in the trendy toy sector in China this year [6]. - Letsvan's new trendy toy IP, WAKUKU, has seen significant demand, with multiple sell-outs in both online and offline channels [6]. Group 4: Future Prospects - Letsvan recently launched a new trendy toy IP, SIINONO, which has received ongoing popularity, indicating the successful integration and strategic operational capabilities post-acquisition [8]. - The company is entering a new phase of matrix and ecological development in trendy toy IP, suggesting promising future growth [8].

Meeting Overview - The meeting is scheduled for June 20, 2025, at 14:30, combining on-site and online voting methods [3][4] - The agenda includes the announcement of attendees, review of proposals, and voting results [3][4] Proposals - Proposal one includes the company's 2024 annual report and summary, which covers production, financial indicators, governance, and social responsibility [4][5] - Proposal two presents the 2024 board work report, highlighting the company's operational model and financial performance [5][6] - Proposal three involves the supervisory board's work report, ensuring compliance with legal and regulatory requirements [19][20] - Proposal four is the independent directors' annual report, summarizing their oversight and contributions [27][28] - Proposal five discusses the compensation for directors, supervisors, and senior management for 2024, emphasizing performance-based incentives [29][30] - Proposal six outlines the profit distribution plan, proposing a cash dividend of 0.286 yuan per share, totaling approximately 131 million yuan [30][31] - Proposal seven seeks to reappoint the auditing firm for 2025, emphasizing their qualifications and past performance [32][33] Financial Performance - In 2024, the company achieved a revenue of 8.034 billion yuan and a net profit of 375 million yuan, with a 34.42% increase in net profit attributable to shareholders [5][6] - The company maintained a cash flow from operating activities of 816 million yuan, ensuring profitability and cash flow sustainability [5][6] - The company reduced interest-bearing debt from 5.369 billion yuan in 2020 to 2.03 billion yuan [5][6] Governance and Compliance - The board held nine meetings during the reporting period, approving 53 proposals, ensuring compliance with legal and regulatory frameworks [6][9] - The supervisory board conducted nine meetings, focusing on financial oversight and compliance with corporate governance standards [19][20] - Independent directors actively participated in meetings and provided oversight, ensuring the protection of shareholder interests [27][28] Future Outlook - The board aims to enhance corporate governance and operational efficiency, focusing on sustainable development and innovation [17][18] - The company plans to continue its strategic initiatives, including platform construction and ecological development, to achieve high-quality growth [17][18]