10月8日晚，博菲电气（SZ001255，股价31.65元，市值25.73亿元）公告称，公司拟将持有的全资子公 司浙江博菲新能源科技有限公司（以下简称博菲新能）100%股权全部转让出去，受让方为海宁经开产 业园区开发建设有限公司（以下简称海宁经开公司）。本次拟剥离资产的交易对价为3852.25万元，交 易完成后，博菲新能将不再纳入公司合并报表范围。 拟剥离博菲新能100%股权 公告显示，本次拟转让博菲新能100%股权，是基于公司轻资产发展战略和战略布局项目的可持续发展 考虑。资产出售有利于进一步整合公司资源，拓展公司新能源业务市场。该子公司剥离后，将由公司控 股子公司博菲绿能租赁博菲新能土地厂房，继续运营光伏复合材料边框项目。 据第三方资产评估公司出具的资产评估报告，博菲新能于评估基准日的股东全部权益评估值为3852.25 万元，估值增值率103.32%。 据博菲电气与海宁经开公司签署的协议，上述3852.25万元将以分阶段付款的方式支付给博菲电气。其 中，协议签订后2个工作日内，海宁经开公司将支付博菲电气1500万元股权转让款；海宁经开公司协助 博菲新能偿还所欠博菲电气往来款的当月，博菲电气将协助海宁经开公 ...

每经记者｜陈鹏丽 每经编辑｜文多 10月8日晚，博菲电气（SZ001255，股价31.65元，市值25.73亿元）公告称，公司拟将持有的全资子公 司浙江博菲新能源科技有限公司（以下简称博菲新能）100%股权全部转让出去，受让方为海宁经开产 业园区开发建设有限公司（以下简称海宁经开公司）。本次拟剥离资产的交易对价为3852.25万元，交 易完成后，博菲新能将不再纳入公司合并报表范围。 《每日经济新闻》记者了解到，博菲新能原名"浙江博菲光伏材料有限公司"。2023年3月，博菲电气与 浙江省海宁经济开发区管理委员会曾签署《年产70000吨新能源复合材料制品建设项目（一期）及总部 项目投资协议书》，该项目总投资额不低于10亿元。博菲新能便是博菲电气为承接该项目而在海宁经济 开发区投资设立的全资子公司。 如今，项目公司成立不到3年，今年上半年尚未盈利，博菲电气却有了"退意"，如何解读？ 10月9日上午，博菲电气董秘办公室相关人士告诉《每日经济新闻》记者，计划剥离博菲新能是为了实 现轻资产运营，"因为新能源（业务）有土地、厂房，而我们要走轻资产运营"。至于前述10亿元项目是 否继续推进，公司回复记者称，公司预期光伏复合材 ...

2025 年 10 月 2 日，全球财经圈被一则消息彻底引爆 —— 埃隆・马斯克的身家正式突破 5000 亿美元。 根据《福布斯》实时富豪榜数据，美国东部时间当天下午 3 点 30 分，他的净资产定格在这个历史性数 字上，成为人类历史上首位跨过 5000 亿美元门槛的超级富豪。 这个数字有多惊人？相当于三个巴菲特的身家总和，或是七个扎克伯格加起来的财富。即便是富豪榜第 二名的甲骨文创始人拉里・埃里森，3507 亿美元的身家也被他甩开了 1500 亿美元的差距。但很少有人 知道，这 5000 亿并非现金堆出来的 "金山"，而是一张横跨科技三大赛道的股权网络。今天我们就来全 景拆解马斯克的财富版图，看看这串天文数字背后藏着怎样的构成密码。 一、核心基石：特斯拉撑起 38% 的财富帝国 在马斯克的财富版图里，特斯拉是当之无愧的 "压舱石"。根据最新持股数据，他持有特斯拉 12% 的股 份，对应价值高达 1910 亿美元，占其总身家的 38.2%。这部分财富的增长，几乎是一部特斯拉股价的 反弹史诗。 2025 年 4 月，马斯克宣布辞去特朗普政府 "效率部" 负责人职务，明确回归特斯拉主业，这个决定成了 股价反弹的 ...

"是华强北的'门面'，小时候'高端酒店'的代名词" "结婚摆酒、升学宴、谢师宴都在这里，是我人生的地 标"……今年5月，位于福田区华强北商圈核心区域的老牌五星级酒店圣廷苑酒店宣布歇业，引发众多市 民的关注与回忆。近日，记者走访了解到，原中洲圣廷苑酒店已完成更名调整，换上"城际酒店"新招 牌；相邻的圣廷苑世纪楼则变更为"全季酒店"，从高端自营品牌转向与成熟酒店管理集团合作的轻资产 运营模式。 深圳首家五星级绿色商务酒店 "圣廷苑"曾是一代人的情感地标 29日，记者在现场看到，酒店主楼大堂门口悬挂了24年的"圣廷苑酒店"标牌已拆卸完毕，取而代之的 是"城际酒店"和其英文标识。酒店主楼一侧与楼面一体化的大型旧标识也正在更换，大堂入口处围起了 施工围挡。从侧门进入酒店内部，在巨大的圆形穹顶下，酒店内部装修依旧显得豪华，客房正在升级改 造。 "城际酒店"预计10月中下旬开业 作为深圳首家五星级绿色商务酒店，圣廷苑酒店承载着一代人的记忆。资料显示，1997年，深圳中洲圣 廷苑酒店有限公司成立，其前身为长城地产； 2001年8月酒店正式开业，不仅以"融豪华气派与幽静自 然于一体"的定位成为海内外客商首选，还斩获"中国酒店金 ...

证券代码：000598 证券简称：兴蓉环境 成都市兴蓉环境股份有限公司 2025 年 9 月 29 日投资者关系活动记录表 编号：2025-32 | 投资者关系活动 | ★特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | □其他 | | | 参与单位名称及 | 南方基金-孙鲁闽、林乐峰、潘越、刘嘉恺、毛瑞丰、卢玉珊、 | | 人员姓名 | 尹力；长江证券-徐科。 | | | 东吴证券-袁理、陈孜文、田源；建信养老-李平祝；海富通基金 | | | -江勇；大家资产-陈江娜；融通基金-杨一；长江资管-汪中昊； | | | 创金合信-刘泉、张小郭；中邮资管-张文鹏；招商信诺资管-彭 | | | 羿扬；途灵资产-赵梓峰；方正自营-朱张元；尚诚资管-黄向前； | | | 卫宁私募基金-王兴佳；明辉投资-陈镇炎；鹏泰投资-祝凯伦； | | | 盟洋投资-祝天骄；泽娴投资-周扬。 | | 时间 2025 | 年 9 月 29 日 | | 地点 | 线上交流 | | 上市公司接待人 | 胡涵、梁一谷 | | ...

格隆汇9月29日｜中信建投证券研报指出，润泽科技上半年归母净利润8.82亿元，同比减少8.73%；Q2 归母净利润8.82亿元，同比减少8.73%。二季度业绩环比增长，新增交付创历史新高。公司早掌握了一 线城市周边稀缺的土地、能耗、电力等核心基础资源，目前全国合计布局了七大园区、约61栋智算中 心、32万架机柜，且主要集中于北京、上海、广州、深圳等一线城市的卫星城，七大园区中五大园区已 建、在建、待建项目已全部取得所需能耗。公司2025年上半年新交付220MW，创历史新高，随着新数 据中心的交付、上架，公司业绩有望持续增长。同时公司公募REIT成功发行，打通轻资产运营道路， 并可以优化公司资产结构，提升高功率机柜占比。发行后，公司账上现金充裕、融资渠道充足，上半年 已考察多个潜在并购项目，市场份额和定价权有望提升。维持"买入"评级。 ...

Core Viewpoint - The recent investment by 德商产投服务 in the 邦泰郫都 project marks a strategic shift back into real estate development for 德商集团, despite its previous focus on light asset operations and property services [1][2][3]. Group 1: Investment Details - On August 28, 2023, 成都邦泰跃尚置业有限公司 acquired a residential land parcel in 成都 for RMB 216 million, marking the beginning of the project [3][4]. - 德商产投服务 announced an agreement to inject RMB 10 million into the newly formed 成都邦泰锦宸置业有限公司, resulting in equal ownership stakes of 50% between 德商产投服务 and 邦泰跃尚 [4][5]. - The investment will not be consolidated into 德商产投服务's financial statements, allowing the company to share in project profits without significant impact on its overall financials [5][6]. Group 2: Historical Context - 德商置业, established in 2006, previously achieved significant success in the real estate sector, ranking among the top in sales in 成都 [9][10]. - However, after a series of setbacks, including project delays and financial difficulties, 德商置业 shifted away from heavy asset development to a lighter operational model [11][12]. Group 3: Current Market Conditions - 邦泰 has rapidly expanded its land acquisitions, becoming a leading private enterprise in land purchases in 2024, but faces challenges related to cash flow and project quality [12][13]. - 德商产投服务's financial performance has been declining, with a 16.1% drop in net profit in the first half of 2025, indicating ongoing challenges in its business structure [14][15]. Group 4: Strategic Implications - The investment in real estate development is seen as a move to diversify revenue streams and enhance synergy between property management and development [14][15]. - However, the significant capital requirements of real estate development raise concerns about potential risks to 德商产投服务's financial stability [15].

Core Insights - The company is undergoing a strategic transformation by divesting from its high-margin residential photovoltaic (PV) power stations to focus on the burgeoning energy storage inverter market, aiming to emulate the success of competitors like Deye [1][15][18] Financial Performance - In the first half of 2025, the company's net profit attributable to shareholders increased by 70.96%, despite long-term borrowings surging 50 times to 7.339 billion yuan [1][11] - Revenue structure shifted significantly, with the PV power station business's revenue share dropping from 68% in 2023 to 45%, while inverter business revenue rose to 55%, driven by a 313.51% increase in energy storage inverters [6][11] Strategic Moves - The company has strategically abandoned residential PV projects, focusing instead on commercial and industrial energy storage [7][15] - A total of 505 subsidiaries were deregistered and 72 were transferred, indicating a significant shift in strategy [2][11] Investment and Growth - The company plans to raise 1.677 billion yuan in 2025, with 625 million yuan allocated for inverter capacity upgrades, particularly in commercial energy storage [9][10] - The new HJT series inverters have achieved a conversion efficiency of 99.2%, surpassing the industry average of 98.5% [10] Market Position and Future Outlook - The company is transitioning from a heavy asset model, where fixed assets accounted for over 70% of total assets, to a lighter asset model, enhancing flexibility in market response [11][16] - The energy storage market is expected to see explosive growth, with commercial energy storage projected to grow over 100% in 2025 [15][16] - The company aims to complete a full range of commercial energy storage product lines by the end of 2025 and increase the gross margin of energy storage inverters to over 35% [16]

Group 1 - The core viewpoint of the article is that Yueshen Health (002162) is focusing on a light asset operation model in its health and wellness business, primarily through the management of public-private partnership projects [1] - The company has successfully launched operational projects including the Shanghai Fengxian Jinhai Yueshen Nursing Home, Jiangsu Suqian Yueshen Sihong Health Center, and Zhejiang Wenzhou Longgang Medical and Health Education Demonstration Park [1] - Yueshen Health is also expanding its scale through external mergers and acquisitions, utilizing direct strategic investments and establishing investment incubation platforms to reserve and cultivate new strategic projects, including a strategic investment in Zhejiang Kangruijia Health Management Co., Ltd [1]

Core Viewpoint - The recent policy initiatives from the National Development and Reform Commission (NDRC) are aimed at promoting the issuance of Real Estate Investment Trusts (REITs) in the cultural tourism sector, addressing the urgent financing needs of the industry and facilitating a shift from heavy asset investment to a model that combines light asset operation with financial exit strategies [1][2][3]. Group 1: Policy Developments - The NDRC issued the "Notice on Further Improving the Normalized Application and Recommendation Work for Infrastructure REITs" (referred to as "Document 782"), which encourages the exploration of new asset types for REIT issuance, particularly in cultural tourism and elderly care facilities [1][3]. - Document 1014, released in 2024, expands the scope of eligible projects to include natural cultural heritage and 4A-level tourist attractions, significantly increasing the number of potential projects from over 300 to more than 4,500 [2][3]. Group 2: Market Potential - The total assets of state-owned enterprises in the cultural tourism sector amount to 12.7 trillion yuan, with 83% classified as non-current assets. The average debt ratio exceeds 65%, and interest expenses account for 38% of operating profits [2][3]. - If a 10% asset securitization rate is applied, the potential market size for cultural tourism REITs could exceed 1 trillion yuan [3]. Group 3: Project Initiatives - Over 20 cultural tourism REITs are currently in preparation, with notable projects including Lijiang Tourism Investment's plan to issue over 2.5 billion yuan in REITs based on the Yulong Snow Mountain [4]. - In the second quarter of 2025, six cultural tourism sites initiated REIT project tenders, reflecting a 50% increase from the previous quarter, indicating a strong demand for asset securitization in the industry [4]. Group 4: Challenges and Solutions - The issuance of cultural tourism REITs faces challenges such as asset ownership issues, where many scenic areas have natural resources owned by the state, complicating the securitization process [5][6]. - The regulatory environment is complex, with multiple departments involved in the management of high-quality scenic areas, leading to increased uncertainty and time costs for REIT projects [5][6]. Group 5: Future Directions - The inclusion of supporting hotels within scenic areas as eligible underlying assets provides a pathway for creating diversified revenue streams, reducing reliance on ticket sales [8]. - Private investment projects are highlighted as a potential breakthrough, as they often have clearer ownership structures and operational autonomy, which may facilitate quicker progress in REIT issuance [9][10].