中银消金作为老牌消费金融机构，在过去以房抵贷为标志的线下业务为主。今年年初，记者从中银消金 方面了解到，其从四年前已经开始定位线上化转型，截至2023年年末，房抵贷类线下业务持续性缩量至 不足贷款余额占比四成。 在支持增强消费能力、扩大消费领域金融供给背景下，作为消费金融业务专营机构，消费金融公司的一 举一动备受瞩目。 日前，根据国家金融监督管理总局上海监管局发布，中银消费金融有限公司（以下简称"中银消金"）变 更股权得到批复。中国银行（601988.SH）通过股权受让方式，对中银消金直接持股比例达到47.98%。 对于股权变更事宜，中银消金方面回复《中国经营报》记者，中银消金主要股东通过战略收购对股权进 行增持，旨在落实监管政策要求，进一步规范和加强公司治理，促进公司健康持续发展。 大股东合计持股比例将升至61.21% 根据公开资料，此次中国银行收购的股权系深圳市博德创新投资有限公司持有的3.558%股权，以及北 京红杉盛远管理咨询有限公司持有的1.617%股权。 完成股权变更后，加上中国银行通过中银信用卡（国际）有限公司间接持有中银消金13.23%股权，中 国银行合计持股比例将达到61.21%。 而上述背 ...

Core Viewpoint - The company, Energy and Energy Global (01142.HK), has acknowledged a recent announcement from the Securities and Futures Commission (SFC) regarding its shareholding distribution, indicating a significant concentration of ownership among a few shareholders [1] Summary by Relevant Sections Shareholding Structure - As of July 31, 2025, ten shareholders collectively held approximately 1.174 billion shares, representing 17.16% of the total issued shares [1] - Along with the 5.6004 billion shares held by four major shareholders, which accounts for 81.83% of the issued shares, the total ownership concentration reaches 98.99% [1] - Only 69.1143 million shares, or 1.01% of the issued shares, are held by other shareholders [1] Compliance with Listing Rules - The board of directors has confirmed that at least 25% of the issued shares are held by the public as of July 31, 2025, and the company has maintained the required public float as per listing rules [1]

Core Viewpoint - Anhui Laoxiangji Restaurant Co., Ltd. (referred to as "Laoxiangji") has faced multiple challenges in its IPO journey, indicating that it has not yet established itself as a truly national brand in the competitive Chinese fast-food market [1][2] Financial Performance - Laoxiangji's revenue for the years 2022, 2023, and 2024 is reported at approximately RMB 45.28 billion, RMB 56.51 billion, and RMB 62.88 billion respectively, with a net profit increase from around RMB 2.52 billion in 2022 to approximately RMB 4.09 billion in 2024 [2][3] - However, revenue growth has significantly slowed, dropping from approximately 58.38% in 2022 to about 11.27% in 2024, while net profit growth has decreased from around 86.67% to less than 10% [2][3] Business Model and Expansion - Laoxiangji has rapidly increased its franchise store count from 118 at the end of 2022 to 653 by April 2025, while the number of direct-operated stores has decreased from 1,007 to 911 [4][5] - The average daily sales per franchise store is approximately RMB 12,400, significantly lower than the RMB 16,000 for direct-operated stores, indicating lower operational efficiency for franchises [4][5] Management and Operational Challenges - A significant portion of franchisees (about 55%) are former employees of Laoxiangji, but these stores have underperformed compared to independent franchisees, raising concerns about management and operational efficiency [6][7] - The company faces issues related to concentrated ownership, with key individuals holding 92.02% of voting rights, which may hinder diverse decision-making [8] Regulatory and Compliance Issues - Laoxiangji has encountered regulatory challenges, including a recent incident involving the illegal collection of personal information through its WeChat mini-program, which could damage consumer trust [8] - Food safety issues have also arisen, with reports of contaminated food leading to consumer complaints and potential legal repercussions, which could impact the company's reputation and IPO prospects [9][11]

蜜雪集团上市后的表现，既有京东外卖补贴战的短期催化，又有股权结构、门店优势等多重因素影 响。这家主打极致性价比的连锁品牌，正在颠覆消费品行业的传统估值体系。 蜜雪集团市值超过泸州老窖 截至5月27日收盘，蜜雪集团上涨9.97%，报579港元，总市值约2198亿港元，稳居2000亿港元大 关上方。 2025.05. 27 本文字数：1557，阅读时长大约3分钟 作者 | 第一财 经 王方然 一杯均价5元的奶茶，撑起了比"白酒巨头"更高的市值。 5月27日，蜜雪集团股价飙升至579港元，创下历史新高，总市值突破2198亿港元，反超泸州老窖， 且两倍于洋河股份。目前蜜雪集团高达市盈率45倍，已远超多家一线白酒品牌。 作为港股"新贵"，蜜雪集团3月3日上市后，至今累计涨超160%，均远超恒生指数同期涨幅。 从4月7日起，蜜雪集团股价就开始震荡上行，从333港元/股的低位一路走高至560港元上方，区间 涨幅超68%。 目前，蜜雪集团市值已反超多家老牌酒业品牌。以5月27日收盘价计算，"初代酒王"泸州老窖市值为 1754亿元，洋河股份为1000亿元。啤酒巨头中，青岛啤酒、百威亚太的市值分别为855亿元、1066 亿港元。 ...

星标 ★ IPO日报 精彩文章第一时间推送 2月27日，成都星邦互娱网络科技有限公司的 VIE 控股公司 UNI - STAR INTERACTIVE HOLDING LIMITED（下称 "星邦互娱"）在港交所递交招 股书，拟在香港主板上市。 星邦互娱成立于2014年，作为一家集开发、发行及运营能力于一身的中国领先移动游戏公司，它在小游戏领域扮演着先驱的角色，曾取得过令人瞩目的成 绩。 然而，在踏上上市之路的关键时刻，星邦互娱却面临着诸多严峻的挑战。其核心产品已步入生命周期的衰退期，用户活跃度与付费能力双双下滑，现金流 也陷入紧张局面，同时公司股权高度集中，这些问题犹如重重阴霾，笼罩在星邦互娱的上市征途之上，使其未来的市场表现充满了不确定性。 制图：佘诗婕 核心产品生命周期衰退 0 1 星邦互娱在移动游戏市场曾有过高光时刻。 2023年，按小游戏流水计算，星邦互娱在中国所有移动游戏公司中拔得头筹，占据约14.8%的市场份额； 在古风RPG领域，它位列第二，市场份额约为 13.0%；2023年，在RPG游戏市场排名第三，市场份额约为6.0%；按流水计算，在中国拥有综合开发、发行及运营能力的所有中国移动游戏公司 ...