6月4日，比亚迪（002594）法务部微博账号发文称，近几年，公司屡遭网络黑媒体及黑公关有组织、有 策划、有节奏的恶意攻击和造谣抹黑，相关虚假信息及不实言论，严重损害企业声誉，扰乱市场秩序， 对行业健康发展造成负面影响。该条微博公布了6起针对比亚迪的网络侵权案件。同时，该条微博还表 示，针对此前造成恶劣影响的恶意自媒体，相关诉讼程序依法进行中。 在6月3日的小米投资者大会上，雷军对小米汽车业务做出重要预测，称将在2025年三四季度实现盈利。 这一盈利时间表，被视为小米向资本市场释放的积极信号。2025年第一季度数据显示，小米智能电动汽 车收入达181亿元，环比增长10.7%，经营亏损收窄至5亿元，毛利率达23.2%。 同时，SU7系列第一季度交付75869辆，4月和5月交付量均超2.8万辆，这些数据为盈利预测提供了现实 基础，也是小米稳定投资者信心的有力支撑。 关于小米YU7的定价，雷军否定了网传的23.59万元，并表示正式定价将在开售前确定。值得注意的 是，此前雷军还提到小米YU7将对标Model Y配置，售价三十几万较为合理。 从品牌战略看，YU7定位豪华高性能SUV，较高的定价区间有助于塑造小米汽车的高 ...

亚瑟士社长富永满之和首席财务官林晃司 净利润比近期的市场预测平均值（Quick Consensus）高22亿日元（7.6%）。15日举行线 上记者会的亚瑟士社长富永满之表示，不仅是1~3月，4月的速报值也显示销售强劲。我们将 努力实现在跑步领域成为世界第一鞋类厂商的目标"。 该公司1~3月营业收入增长20%，达到2083亿日元，作为1~3月首次超过2000亿日元。营业 利润达到445亿日元，增长32%。营业利润率提高2个百分点，达到21.4%。缩减入门款的销 售、专注于高价款的战略产生效果。官方的网络会员服务的会员增加，利润率较高的电商业 务的营业收入增长20%。 日本亚瑟士（ASICS）5月15日公布的2025年1~3月合并财报显示，净利润为316亿日元，同 比增长18%。按1~3月计算连续3年刷新历史最高。高价位"运动风格"的日常用轻便运动鞋和 跑鞋在日本国内外的销售实现增长。特别是高端品牌"鬼冢虎（Onitsuka Tiger）"业务的销 售额在全球范围内增长60%。 按地区来看，抓住访日外国人需求的日本的营业收入增长3成以上。欧洲和中华圈也表现强 劲。 按地区来看，抓住访日外国人需求的日本的营收增长3 ...

Core Viewpoint - Luzhou Laojiao reported a revenue of 31.196 billion yuan for 2024, marking a year-on-year growth of 3.19%, and a net profit of approximately 13.473 billion yuan, reflecting a 1.71% increase, demonstrating resilience amid macroeconomic challenges and industry adjustments [2][3]. Financial Performance - The company maintained a strong financial position with total assets of 68.335 billion yuan, an 8% increase year-on-year, and net assets of 47.389 billion yuan, up 14.5% [3]. - Cash reserves reached 33.578 billion yuan, an increase of 8.14%, while operating cash flow net amount rose by 80.1% to 19.182 billion yuan [3]. - The debt-to-asset ratio remained stable at a low level of 30%, indicating strong risk resistance and operational health [3]. Dividend Policy - Luzhou Laojiao plans to distribute a cash dividend of 6.759 billion yuan, with a payout ratio of 65% of the net profit attributable to shareholders for 2024 [4]. - The company aims for steady revenue growth in 2025, focusing on high-quality development and maintaining brand stability [4]. Market Strategy - The company’s high-end brand strategy has been crucial for countering market risks and achieving growth despite increased competition [5]. - Luzhou Laojiao's mid-to-high-end liquor segment generated approximately 27.585 billion yuan in revenue, a 2.77% increase, contributing nearly 90% of total revenue [6]. - Other liquor products achieved revenue of 3.467 billion yuan, reflecting a year-on-year growth of 7.75% [7]. Brand Development - The company is enhancing its brand presence through cultural events and marketing strategies aimed at younger consumers, particularly targeting the Z generation [8]. - Luzhou Laojiao is focusing on low-alcohol products and fruit wines to meet diverse consumer demands, showcasing a long-term potential for brand rejuvenation [8]. Channel and Market Expansion - The company is optimizing its channel structure, with traditional and emerging channels both showing revenue growth, and a gross margin exceeding 80% [12]. - Luzhou Laojiao's international revenue grew by 5.07%, supported by global marketing initiatives [12]. - The company is advancing its digital transformation across various operational aspects, enhancing market control and ensuring price stability [14]. Future Plans - For 2025, Luzhou Laojiao aims to further its digital initiatives, focusing on market expansion, channel development, and consumer engagement strategies [15].