安联国际控股有限公司(简称：安联国际)于5月23日所递交的港股招股书满6个月，于11月23日失效，递表时创升融资为其独家保荐人。 据此前招股书显示，安联国际是一家香港保安服务供货商，在为不同客户(包括公共及私营部门客户)的大型项目提供优质服务方面拥有良好往绩记录。于 2025年4月30日，安联国际有14个积存项目。截至2025年12月31日止年度，预计该等项目将确认不超过1.761亿港元的收入。 ...

智通财经APP获悉，安联国际控股有限公司(简称：安联国际)于5月23日所递交的港股招股书满6个月，于11月23日失效，递表时创升融资为其独家保荐人。 据此前招股书显示，安联国际是一家香港保安服务供货商，在为不同客户(包括公共及私营部门客户)的大型项目提供优质服务方面拥有良好往绩记录。于 2025年4月30日，安联国际有14个积存项目。截至2025年12月31日止年度，预计该等项目将确认不超过1.761亿港元的收入。 ...

Core Points - The "Private Economy Promotion Law" emphasizes the importance of the private economy in the socialist market economy and aims to ensure its sustainable, healthy, and high-quality development [1][3] - The law addresses concerns of private enterprises regarding market access, resource protection, rights protection, debt collection, and fair law enforcement [1] Group 1: Issues in Cooperation - Conflicts often arise between state-owned enterprises (SOEs) and private enterprises during collaborations, particularly regarding adherence to the Civil Code, Company Law, and the Private Economy Promotion Law [3] - A specific case involves Changchun Hengyi Industrial and Trade Co., Ltd. (a private enterprise) and its partnership with Jilin Provincial State-owned Assets Management Co., Ltd. (an SOE), where the private share in the joint venture is 40% [3][5] Group 2: Governance Structure - The governance structure of the joint venture was defined in an agreement, with the SOE appointing key management positions, including the chairman and financial director [5] - However, the SOE did not follow the agreed governance structure, unilaterally appointing the general manager and vice general manager, and failing to hold regular shareholder meetings [5][6] Group 3: Financial Performance and Transparency Issues - The joint venture experienced a significant profit decline in 2023, with profits dropping by 22.61 million yuan, a decrease of 73.6% compared to 2022 [8] - The profit margin fell from 26.43% in 2022 to 8.88% in 2023, a decline of 66.4% [8] - Requests for financial transparency from the private enterprise were repeatedly denied, limiting their understanding of the financial situation [8][9] Group 4: Legal and Regulatory Concerns - The establishment of a new company by the SOE, which overlaps with the joint venture's business, raised concerns about unauthorized operations and potential conflicts of interest [9] - The private enterprise raised issues regarding the SOE's financial obligations and potential misappropriation of funds, questioning the legality of cash withdrawals and asset transfers [11][13] Group 5: Calls for Legal Compliance - The private enterprise has called for adherence to the Private Economy Promotion Law and other legal frameworks to protect their rights and ensure fair treatment in the partnership [13]

Group 1 - The stock of Rongzhi Group (SUGP) opened with a significant increase of 28.65%, reaching $5.6 per share, with a total trading volume of $154,700 and a market capitalization of $77.546 million [1] - As of March 31, 2025, Rongzhi Group reported total revenue of HKD 108 million, representing a year-on-year growth of 17.49%, while the net profit attributable to shareholders was a loss of HKD 4.5275 million, a decrease of 144.72% compared to the previous year [1] - Rongzhi Group Holdings Limited is a well-established comprehensive security service group primarily engaged in providing security-related engineering services in Hong Kong, along with security guarding, inspection services, and related vocational training [1] Group 2 - The company was founded in 1998 and offers a one-stop service for clients' existing infrastructure or planned developments through the design, supply, installation, and maintenance of security systems [1] - The security systems provided by the company can be broadly categorized into threat detection systems, traffic and pedestrian control systems, and extra-low voltage systems [1] - According to F&S reports, the company is one of the few authorized distributors of over 10 security system brands in the security-related engineering services market and is the exclusive distributor for two brands of threat detection systems, including X-ray machines and metal detectors [1]

Core Viewpoint - The Supreme People's Court has declared that agreements or promises by employees to voluntarily waive social insurance contributions are invalid, effective from September 1, 2023, emphasizing the legal obligation of employers to pay social insurance fees [2][5][6]. Group 1: Legal Changes - The Supreme People's Court issued an interpretation regarding labor dispute cases, stating that any agreement between employers and employees to not pay social insurance fees is invalid [2][5]. - This interpretation aims to address common issues such as subcontracting and non-payment of social insurance, ensuring that laborers' rights to wages and social insurance are protected [5][6]. Group 2: Public Reaction - The announcement has sparked significant public discussion on social media, with many users expressing support for mandatory social insurance contributions, highlighting the importance of social security for workers [3][4]. Group 3: Employer Responsibilities - Employers are now required to fulfill their legal obligation to pay social insurance fees, and failure to do so may result in economic compensation liabilities if employees terminate their contracts due to non-payment [6][9]. - The interpretation also clarifies that employers cannot evade their responsibilities by offering cash substitutes for social insurance [6][9]. Group 4: Case Examples - A typical case highlighted involves an employee who was not provided social insurance despite an agreement to receive cash instead. The court ruled that the employer must pay economic compensation due to the invalidity of the waiver agreement [8][9].

Core Viewpoint - The Supreme People's Court has issued a judicial interpretation to standardize the legal application regarding labor dispute cases, particularly focusing on social insurance obligations, effective from September 1, 2023 [1][4]. Group 1: Legal Obligations and Interpretations - Employers and employees are legally obligated to participate in social insurance, and any agreement to waive this obligation is deemed invalid [1][4]. - The interpretation clarifies that if an employee terminates their contract due to the employer's failure to pay social insurance, the court will support the employee's claim for economic compensation [2][9]. Group 2: Economic Compensation Rules - The compensation rule states that for each year of employment, one month’s salary will be paid as compensation, and for less than six months, half a month’s salary will be paid [3]. - Employers must return any social insurance subsidies paid to employees if they are later required to make social insurance payments after administrative orders [3]. Group 3: Risks for Employers and Employees - Employers attempting to evade social insurance payments will ultimately face obligations for back payments and compensation [7][9]. - Employees who voluntarily forgo social insurance for immediate financial benefits risk losing long-term protections such as medical, pension, and unemployment benefits [7][8]. Group 4: Recommendations for Employers - Employers are advised to promptly handle social insurance payments and ensure compliance with all five types of insurance, based on actual salary levels and legal contribution rates [10]. Group 5: Recommendations for Employees - Employees should regularly check their social insurance payment status and can request audits or compensations if they find discrepancies [11].

Group 1 - The event "Party Building Leads Development, Gathering Strength to Write a New Chapter" was held by the Beijing Public Security Bureau and the Beijing Security Association, focusing on the security industry with awards, cultural displays, and online recruitment initiatives [1] - The security service industry in Beijing was established in 1986 and has played a significant role in the city's economic and social development, with 668 security companies and 300,000 security personnel currently employed [1] - In the first half of 2025, the security industry provided 788 case leads and assisted in handling 1,095 public order situations, contributing to the safety of the capital [1] Group 2 - Han Lei, a project team leader from Beijing Shouwei Security Service Co., has led his team to achieve "zero violations" and has been recognized for his quick response in emergencies, including saving a colleague's life [2] - Wang Haitao, deputy general manager of a security company, has extensive experience in security management and has maintained a "zero accident" record during major national and international events [2] - The security personnel are described as the "safety valve" of the city, providing constant protection for citizens and showcasing their dedication through various cultural performances [3]

Core Insights - The Beijing Security Association has partnered with Kuaishou Kuaipin to address recruitment challenges in the security service industry through an "Internet + Recruitment" model [1][5] - The security service industry in Beijing has seen significant growth, with over 668 security service companies and more than 300,000 active security personnel [1][3] Group 1: Industry Overview - The security service industry in Beijing has been developing for nearly 40 years since its inception in 1986 [3] - There are currently 30,000 security posts across the city, with over 95% of security personnel being migrant workers [3] - The male-to-female ratio among security personnel is 93.9% to 6.1%, with an increasing number of female security guards [3] Group 2: Recruitment Challenges and Solutions - The industry faces challenges such as narrow recruitment channels, labor shortages, slow information transmission, and false recruitment [1][5] - The strategic cooperation with Kuaishou Kuaipin aims to utilize live streaming for recruitment, allowing companies to showcase job roles and work environments [5] - As of now, 136 security service companies in Beijing have joined the Kuaishou platform for recruitment purposes [5] Group 3: Industry Contributions and Achievements - The security industry has contributed significantly to public safety, with over 788 case leads provided and assistance in handling 182 police incidents in the first half of the year [3] - Numerous exemplary figures have emerged in the industry, with awards including three national labor models and 30 national advanced security personnel recognized over the past decade [3]

Core Viewpoint - The article highlights the transformation of a traditional state-owned security company in Bao'an District, Shenzhen, from passive management to proactive marketing and from traditional human security to intelligent security solutions, showcasing its adaptability in a competitive market environment [2][4]. Group 1: Competition and Team Dynamics - The marketing skills competition involved 13 teams engaging in simulated real-world business scenarios, testing their professional knowledge, adaptability, and teamwork [2]. - Teams were required to conduct business presentations and respond to challenging questions from "clients" within a limited time frame, demonstrating their ability to communicate effectively and think on their feet [3]. Group 2: Transition to Intelligent Security - The company is shifting from a focus on traditional human security to a model that integrates human resources with technology, emphasizing intelligent security solutions [4]. - The intelligent technology division showcased systems like "video intelligent recognition + high-risk warning" deployed in various public safety contexts, indicating a move towards more advanced security measures [4]. Group 3: Expansion of Service Scope - The service range has expanded from traditional office buildings to include subways, parks, and specific projects during holidays and nighttime, reflecting a broader operational capability [5]. - The company has incorporated drones into various security tasks, enhancing its service offerings and demonstrating a mature industry solution capability [5]. Group 4: Organizational Empowerment and Market Awareness - The competition not only enhanced marketing awareness but also activated the collaboration between party organizations and business teams, indicating a strategic alignment of organizational goals with market demands [6]. - The company aims to continuously improve its capabilities in business communication and client engagement, leveraging the strengths of party leadership, market-driven strategies, and technological advancements for high-quality development [6].

Meeting Information - The annual general meeting of Shanghai Sanmao Enterprise (Group) Co., Ltd. is scheduled for June 20, 2025, at 14:00 [1] - The meeting will be held at the Shanghai Zhonggang Huiberman Hotel, with provisions for both on-site and online voting [1][3] - Participants include directors, supervisors, senior management, and registered shareholders [1] Agenda and Procedures - The meeting will start with the announcement of the meeting and the reading of attendance [3] - Various proposals will be reviewed and voted on, including the remuneration distribution plan [2][3] - Shareholders will have the opportunity to ask questions and receive responses during the meeting [3][4] Company Performance Overview - In 2024, the company achieved a revenue of 1.203 billion yuan, a year-on-year increase of 9.97%, and a net profit of 18.45 million yuan, up 4.84% [7][19] - The core business segments, including security services, import-export trade, and property leasing, showed resilience with a combined profit of approximately 22.29 million yuan [7][8] Corporate Governance and Compliance - The board of directors held seven meetings and two shareholder meetings in 2024, approving 11 proposals [9][10] - The company has implemented a 100% signing rate for the term system and contractual management for management members [8][10] Financial Highlights - The company reported a net cash flow from operating activities of -52.74 million yuan for 2024 [19][20] - The total assets increased to 908.65 million yuan, reflecting a 13.62% growth compared to the previous year [20] - The proposed cash dividend is 0.15 yuan per share, totaling approximately 3.01 million yuan, which is 16.34% of the net profit attributable to shareholders [22][24] Future Outlook - The company plans to enhance internal control and risk management systems while exploring business innovations to adapt to changing market conditions [21] - The 2025 financial budget aims to focus on improving operational quality and efficiency [21]