Core Insights - The article highlights the 10th anniversary of Taikang's flagship elderly care community, Taikang Home Yanyuan, which has expanded to 36 cities with 44 projects and over 17,000 residents [1] Group 1: Expansion and Community Engagement - Taikang Home has opened 25 communities across 22 cities, with a focus on creating a high-quality living environment for seniors [1] - The community offers over 200 courses through its five colleges, including film, broadcasting, and health-related classes, promoting lifelong learning [1] - Taikang Home has established over 300 resident interest clubs, with an average participation rate of 22 activities per resident [1] Group 2: Innovative Care Models - The "1+N" multidisciplinary care model includes a team of professionals such as case managers, nurses, and social workers, with an average age of 31.8 years and 75% holding college degrees [2] - Taikang Home has developed a memory care service system featuring non-drug therapies like multi-sensory stimulation and music therapy, addressing the needs of dementia patients [2] - The palliative care service, part of the comprehensive care system, has served over 2,600 clients across 10 facilities, providing dignified end-of-life care [2] Group 3: Future Directions - In the next decade, Taikang Home aims to build "urban medical and elderly care networks" to enhance the accessibility of high-quality services [3] - The company plans to focus on developing a leading medical education and research platform, leveraging AI to innovate and validate care scenarios [3] - Taikang Home seeks to drive high-quality industry development by maximizing the value potential of the longevity economy [3]

周四（6月26日）欧市盘中，黄金期货价格上涨，最新沪金价格报773.94元/克，涨幅0.51%，今日开盘 于771.90元/克，最高上探775.68元/克，最低触及770.22元/克。 打开APP，查看更多高清行情>> 【要闻速递】 摩根大通周三（6月25日）最新发布的年中展望报告为我们揭示了2025年美国经济的潜在风险与机遇。 报告指出，受贸易政策尤其是关税上调的影响，美国经济可能陷入"滞胀式"放缓，衰退风险高达40%。 与此同时，美元前景黯淡，美联储降息节奏或将放缓，但美国股市却有望在科技与人工智能的推动下继 续攀升。 摩根大通的分析师在报告中明确指出，美国近期推行的贸易政策，尤其是大幅上调关税的措施，将对经 济增长构成显著威胁。关税的提高不仅会推高国内物价水平，重新点燃通胀压力，还可能导致全球供应 链进一步承压，从而拖累全球经济增长。报告预计，2025年美国国内生产总值（GDP）增长率将仅为 1.3%，相较年初预测的2%大幅下调。分析师强调，关税引发的"滞胀效应"是下调增长预期的核心原 因，即经济增长放缓与通胀上升并存的局面。这种滞胀环境将使美国经济在下半年面临更大的不确定 性，衰退的可能性高达40%。 ...

泽连斯基形容与特朗普的会面"漫长且具有实质性"——这是双方自2月以来的第二次面对面会谈。这位 乌克兰领导人称，他们讨论了"所有真正重要的问题"，包括"如何保护我们的人民"和"如何实现停火与 真正的和平"。 特朗普周三在北约峰会间隙会见乌克兰总统连斯基后表达了同情，形容其"非常友好"，同时对俄罗斯采 取更强硬的语气。 他在周三的新闻发布会上称，要说服普京结束冲突是"更难"的，"这比人们想象的要难得多。普京更难 对付"。"普京真的必须结束那场冲突，人员伤亡程度是许久未见的，"特朗普称。他补充说，俄罗斯领 导人曾提出调解以伊冲突，而他回应称："不，你可以帮我解决俄罗斯问题。" 这位美国总统对俄乌领导人的态度几经摇摆， 今年2月在椭圆形办公室与泽连斯基爆发争吵，随后华盛 顿暂时暂停了对基辅的军事和情报援助。相比之下，特朗普最初似乎更理解普京，曾多次致电并与俄方 谈判团队直接进行和平对话。但最近几周，特朗普因普京的强硬要求和拒绝同意停火而愈发失望。 据两位在场人士透露，北约峰会讨论期间，特朗普对乌克兰局势表示不满，称其"正在失控"。 特朗普否认他们讨论了停火，但仍称近一小时的会谈"非常友好"，聚焦乌克兰整体局势。 特朗 ...

回顾过去一年，高盈证券在保持稳健发展的同时，不断深耕细作，在策略研发、智能风控和合规运营等多个关键领域持续发力，不断提升自身的专业能力和 服务水平，以满足客户日益个性化、多元化的需求。截至目前，高盈证券在国际期货、证券及资产管理市场的业务规模已超过30亿美元，并成功在彭博、万 得（Wind）等国际知名金融数据终端上线，进一步推进了全球市场的拓展步伐。 近日，香港规模最大的企业颁奖盛典之一——2025香港商业时报（以下简称"HKCT"）企业大奖在香港隆重揭晓。该盛会汇集了来自各行各业的领袖人物， 共同见证杰出成就、交流成功经验。 作为一项旨在嘉奖卓越企业与领导者、通过分享成功实践与行业洞见为未来经济注入新活力的重要平台，本届大奖聚 焦于肯定各企业过去一年的不懈努力与亮眼成绩，并激励其持续提升市场竞争力、开拓创新方向。在此背景下，高盈证券凭借其卓著表现，一举荣膺 2025"年度最杰出综合金融服务"企业大奖。 此次高盈证券摘得HKCT2025年度最杰出综合金融服务奖项，吸引行业瞩目。HKCT对高盈证券、高盈资管董事长吴超先生展开深度专访，探寻高盈证券自 2016年诞生以来，历经多轮大类资产牛熊周期，成长为香港市场行 ...

Core Insights - The article discusses the upcoming financial results release of a company on Euronext, indicating significant market interest and potential implications for investors [1] Group 1 - The financial results are scheduled to be released before the opening of Euronext, suggesting a strategic timing to capture investor attention [1] - The report includes annexes that may provide additional context or detailed financial metrics relevant to stakeholders [1]

当地时间今天（6月26日）上午，韩国总统李在明在韩国国会发表施政演说时表示，韩国经济正处于绝 望境地，韩国政府正在紧急制订一项补充预算案。补充预算案包含发放全民消费券促进消费、加大投 资、支援个体业者和弱势群体、稳定财政等内容，希望韩国国会针对补充预算案的制订和实施进行积极 协助。李在明表示，当前提振经济、促进民生是韩国的首要任务，未来将大力投资人工智能、半导体等 尖端产业，促进生物技术以及制造业的革新，扶持文化产业发展。（CCTV国际时讯） ...

Core Insights - HIVE Digital Technologies Ltd. reported total revenue of $115.3 million for FY2025, with a significant contribution from digital currency mining and high-performance computing (HPC) services [6][3] - The company achieved adjusted EBITDA of $56.2 million, representing 48.7% of total revenue, despite a net loss of $3.0 million [6][3] - HIVE's Bitcoin production reached 1,414 Bitcoin, while HPC revenue grew approximately threefold year-over-year to $10.1 million [6][3] Financial Highlights - Total revenue for FY2025 was $115.3 million, with digital currency mining revenue at $105.2 million, down 5.2% year-over-year [6] - HPC/AI Cloud revenue was $10.1 million, a 194% increase from $3.4 million in FY2024 [6] - Gross operating margin was $25.1 million, equating to 21.8% [6] - General and administrative expenses rose to $16.6 million from $13.2 million in FY2024 due to increased staffing for global expansion [6] - Total digital currency assets were valued at $181.1 million, including 2,201 Bitcoin [6] Management Insights - The company expanded its operational hashrate from 4.5 EH/s to 6.3 EH/s, a 40% increase, despite challenges from the Bitcoin halving [7] - HIVE acquired 300 MW of hydro-powered green energy sites in Paraguay, enhancing its leadership in sustainable mining [7] - The company aims to scale its Bitcoin mining business to 25 EH/s by December 31, 2025, and continues to grow its Buzz HPC business [7] - HIVE transitioned its financial reporting from IFRS to US GAAP to align with strategic objectives and enhance comparability with U.S. peers [7] Q4 FY2025 Highlights - Q4 total revenue was $31.2 million, with digital currency mining revenue at $28.1 million, reflecting a 5.5% sequential increase [8] - General and administrative expenses for Q4 were $5.3 million, up from $4.6 million in Q3 FY2025 [8] - Bitcoin production in Q4 was 303 Bitcoin, down 6% sequentially due to increased hashrate difficulty [8] - Buzz HPC revenue reached a record $3.0 million in Q4, an 18.5% sequential increase [8]

[Table_Title] 证券研究报告 / 公司点评报告 [Table_Summary] 2025Q1 公司归母净利润同比增长 3.69%。2024 年公司实现营收 14.76 亿 元，同比下降 10.87%，主要系子公司悠远环境自 2023 年 11 月起不再并 表所致，若剔除该影响，同口径营收同比增长 12.90%。实现归母净利润 9075 万元，同比增长 137.99%；2025Q1 公司实现营收 3.24 亿元，同比 下降 4.59%，实现归母净利润 3356 万元，同比增长 3.69%。 新产品拓展贡献增量，冰箱新国标有望带动 VIP 板需求。1）2024 年公 司高效节能材料销量同比+18.38%，实现营收 7.76 亿元，占比 52.57%， 同比+19.11%，主要受益于公司积极开拓绿色建筑应用领域及家电市场 需求增长；2）干净空气材料实现营收 5.37 亿元，占比 36.39%，同比- 2.17%，推断主要系玻纤过滤材料营收减少，PTFE 滤料增速较快；3）无 尘空调实现营收 1.28 亿元，占比 8.67%，剔除悠远环境出表影响，同口 径增长 39.67%。2025Q1 营收承压主要系干 ...

Core Viewpoint - The partnership between Sipai Health Technology and Arthur J. Gallagher aims to enhance health insurance solutions for Chinese enterprises and their employees, leveraging both companies' strengths in insurance and health management [2][3]. Group 1: Partnership Details - Sipai Health Technology has initiated a five-year deep cooperation with Arthur J. Gallagher to integrate its enterprise client resources with Gallagher's global insurance product design capabilities [2]. - The collaboration will focus on developing data-driven health insurance mechanisms to provide customized protection plans for Chinese corporate clients [2]. Group 2: Market Opportunities - The partnership is strategically positioned to address the growing demand for cross-border medical insurance among Chinese enterprises expanding globally and multinational companies investing in China [3]. - Sipai currently serves over 500 corporate clients and nearly 1.5 million employees and their families, indicating a substantial market presence [2]. Group 3: Implementation Strategy - A joint working group has been established to ensure efficient implementation of the partnership and resource collaboration [3]. - The companies aim to explore new opportunities and models in the health insurance sector, driven by innovation and a customer-centric approach [3].

【要闻速递】 美联储主席鲍威尔近期面临特朗普及其他联储官员施加的降息压力，然而，此刻更令他忧心的是美国劳 工统计局（BLS）经济数据质量的悄然下滑。 在回应众议员萨姆·利卡多关于数据质量的质询时，鲍威尔表示："我目前虽未对数据感到担忧，但调查 范围的轻微缩减确实引起了我的注意。"他进一步补充道："这种趋势的发展无疑让我感到忧虑。" 今日周四（6月26日)亚盘时段，纸白银目前交投于8.342一线上方，今日开盘于8.301元/克，截至发稿， 纸白银暂8.368元/克，上涨0.77%，最高触及8.381元/克，最低下探8.298元/克，目前来看，纸白银盘内 短线偏向看涨走势。 就业市场的数据同样存在水分。5月非农报告显示新增就业岗位13.9万个，但策略师彼得·贝雷津和经济 学首席美国经济学家塞缪尔·汤姆斯均认为，这一数字最终可能会下修至10万左右。 【最新纸白银行情解析】 纸白银关键支撑区间位于8.131-8.200元/克区域，若该区间失守，后续可能面临进一步下行压力，动态 支撑可关注8.210元/克水平。当前上行阻力带集中于8.410-8.490元/克区间，若有效突破该阻力带，则后 市可能向上测试8.500元/克 ...