Group 1 - The overall quality of companies waiting for listing on the Beijing Stock Exchange (BSE) is high, with an average net profit of 89.67 million yuan for 94 companies, significantly higher than the average of 42.11 million yuan for 266 listed companies [3][15][17] - The average subscription rate for companies that raised over 200 million yuan is 0.14%, compared to 0.06% for those that raised less than 200 million yuan, indicating a correlation between fundraising size and subscription success [14][21] - The expected new stock subscription yield for 2025 is estimated to be between 4.8% and 10.80%, based on various assumptions regarding market conditions and investor participation [20][21] Group 2 - The BSE 50 index experienced a decline of 3.68% this week, closing at 1370.04 points, following a previous high of 1500 points, indicating potential volatility in the market [4][25][29] - The overall price-to-earnings (PE) ratio for BSE A-shares has decreased to 48.45X, with 53.79% of companies having a PE ratio exceeding 45X, suggesting a high valuation environment [22][26][27] - The five major industries on the BSE, including high-end equipment and information technology, have varying PE ratios, with information technology at 92.82X, indicating sector-specific valuation disparities [32][34] Group 3 - The average first-day price increase for newly listed companies from January 1, 2024, to May 23, 2025, is 303.91%, with the highest recorded increase being 731.41% for Tongguan Mining [44] - The IPO review process is active, with two companies awaiting approval and two newly accepted for review, reflecting ongoing market activity [5][42] - The report highlights the importance of focusing on companies with stable performance and reasonable valuations, particularly those classified as "little giants" in their respective sectors [39][41]

Summary of Key Points Core Viewpoint - The company Jianyan Institute (建研院) has announced a cash dividend of 0.025 yuan per share, with the A-share registration date set for May 26, 2025, and the dividend payment date on May 27, 2025 [1]. Company Performance - As of May 23, 2025, Jianyan Institute's stock closed at 3.98 yuan, down 1.0% from the previous week's closing price of 4.02 yuan [1]. - The stock reached a weekly high of 4.17 yuan on May 21, 2025, and a low of 3.96 yuan on May 23, 2025 [1]. - The company's current total market capitalization is 1.979 billion yuan, ranking 27th in the professional services sector and 4887th among all A-shares [1]. Dividend Announcement - The annual profit distribution plan was approved at the shareholders' meeting on May 9, 2025, with a total cash dividend payout of 12,428,831.28 yuan (including tax) based on a total share capital of 497,153,251 shares [1]. - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax; for those holding shares for less than one year, tax will not be withheld until the shares are sold [1]. - Qualified Foreign Institutional Investors (QFII) and Hong Kong investors will have a 10% corporate income tax withheld, resulting in a net dividend of 0.0225 yuan per share [1].

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Beijing International Human Capital Group Co., Ltd, emphasizing its low PE ratio compared to the industry average [1][2] - As of May 22, the company's stock price closed at 20.77 yuan, with a rolling PE ratio of 10.04 times and a total market capitalization of 11.758 billion yuan [1] - The average PE ratio for the professional services industry is 54.51 times, with a median of 33.38 times, placing Beijing International Human Capital in the 8th position within the industry [1][2] Group 2 - For Q1 2025, the company reported revenue of 10.837 billion yuan, reflecting a year-on-year increase of 2.72%, and a net profit of 591 million yuan, showing a significant year-on-year growth of 180.41% [2] - The company's gross profit margin stands at 5.63% [2] - As of March 31, 2025, the number of shareholders decreased to 13,514, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares per shareholder [1]

Group 1 - Qingmu Technology plans to reduce its shareholding by up to 3%, amounting to no more than 2.776 million shares [1] - Newcap received a decision from the police to revoke the case against its actual controller, who was previously detained for insider trading [2] - Rhine Biotech's directors and executives plan to collectively reduce their holdings by up to 0.14%, totaling no more than 1.0185 million shares [3] Group 2 - Puli Tui's stock and convertible bonds will be delisted on May 22, 2025 [5] - *ST Nong Shang will have its delisting risk warning lifted and will resume trading on May 23, 2025 [7] - State Grid Information Communication plans to acquire 100% equity of Yili Technology for approximately 1.853 billion yuan [9] Group 3 - Kelun Pharmaceutical's subsidiary received drug registration approval for a new injectable product, which is the first of its kind in China [10] - Aishida plans to acquire 7% equity of its subsidiary Zhejiang Qianjiang Robot Co., Ltd. for 13.09 million yuan [11] - Hongming Co. is planning to acquire 83% equity of Shenzhen Chisu Automation Equipment Co., Ltd. for approximately 151 million yuan [12] Group 4 - JuJiao Co. plans to reduce its shareholding by up to 2.6%, totaling no more than 2.093 million shares [14] - AVIC Financial's stock will be delisted on May 27, 2025 [16] - Jingwang Electronics' major shareholders plan to reduce their holdings by up to 2.99% [17] Group 5 - Huaren Health intends to acquire stakes in three pharmaceutical chain companies for a total of 327 million yuan [18] - Huanrui Century's original shareholders are required to compensate for unfulfilled performance commitments with 116 million shares [20] - Tefa Service's shareholders plan to reduce their holdings by up to 3% [21] Group 6 - Maipu Medical is planning to acquire at least 51% of Easy Medical's equity, which will constitute a major asset restructuring [22] - *ST Jinshi will have its delisting risk warning lifted and its stock will resume trading on May 23, 2025 [22] - Guoke Micro is planning a major asset restructuring and will suspend trading [23] Group 7 - Defu Technology intends to acquire 100% equity of an overseas electronic circuit copper foil company [24] - Xince Standard's shareholder plans to reduce its holdings by up to 1% [25] - Xiouqiang Co. plans to reduce its holdings by up to 3% [27]

Core Points - The emphasis on strengthening the real economy as a foundation for high-quality development, led by technological innovation and tailored development of new productive forces [1][2] - The establishment of a modern industrial system is crucial for the modernization of the economy and the nation, with a focus on traditional industry transformation and the development of emerging industries [2][3] Group 1: Modern Industrial System - Guangzhou has proposed the "12218" modern industrial system to enhance key industry development, aligning with national strategies and local requirements [2][3] - The city aims to develop 15 strategic industrial clusters, including intelligent connected vehicles, biomedicine, and artificial intelligence, while also focusing on future industries such as embodied intelligence and quantum technology [3][4] Group 2: Key Industry Developments - The automotive industry in Guangzhou is set to produce over 3.2 million vehicles by 2027, with a significant focus on new energy vehicles [8] - The biomedicine sector is expected to reach a scale of 400 billion yuan by 2030, with major advancements in innovative drugs and core biomedicine infrastructure [10] - The green petrochemical and new materials industry aims for an output value exceeding 400 billion yuan by 2024, positioning itself as a key pillar for high-quality development [11] Group 3: Modern Service Industries - The financial sector in Guangzhou is projected to achieve an added value of 304.9 billion yuan in 2024, becoming a major pillar of the city's economy [29] - The technology service industry is expected to enhance its capabilities, with significant investments in basic research and talent development [30] - The modern commerce sector is set to undergo transformation, with a focus on integrating traditional and emerging consumption patterns [32] Group 4: Future Industries - The semiconductor and integrated circuit industry is experiencing rapid growth, with a projected increase in output value and production capacity [16] - The renewable energy and new storage sectors are being bolstered by national innovation centers and significant infrastructure developments [17] - The low-altitude economy is expanding, with a target market size of 30 billion yuan by 2027, reflecting the city's strategic positioning in this emerging field [18]

建科股份分析师会议 调研日期：2025年05月20日 调研行业：专业服务 参与调研的机构：上海曜与基金、上海贵源投资、上海璞智投 资、杭州月阑私募、深圳盈富汇智私募等 / | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START SHILL CARD | | | 颜的集团 | | | 例体位次数 4 | 24/40 33 | | FININ EXIAN, BENN, LEWI | | | 極力集团 | | | · 例计以上的 8 | 品机构管 23 | 调研基本情况 调研对象：建科股份 所属行业：专业服务 接待时间：2025-05-20 ...

特许公认会计师公会（ACCA）在平台财务领域成员小组中担任牵头单位。ACCA全球行政总裁白容 （Helen Brand）说，平台将借鉴国际先进经验，整合全球顶级专业服务资源，在北京产业发展和吸引 投资方面发挥重要作用，ACCA计划开展人才培养项目等专业服务，更好满足北京对于高端财会专业人 才的需求。 北京作为国家金融管理中心，始终着力构建市场化、法治化、国际化的专业服务生态体系，目前北京拥 有49家世界500强企业、260家跨国公司地区总部和近800家境内外上市公司，彰显北京经济发展的强劲 韧性和对全球资源的强大吸引力。 据了解，平台汇聚整合了全球顶尖的专业服务资源，可以更好满足金融机构全链条专业化的服务需求。 平台启动后，将通过开展专业研讨、学术交流和跨界对接等方式，为金融机构及其企业客户精准对接专 业服务资源，加强平台资源共享，助力跨界交流碰撞，促进国际开放合作。 "在当前复杂多变的不确定性环境下，平台的成立标志着北京在全球金融生态中迈出关键一步。"特许金 融分析师协会（CFA）全球主席兼CEO傅孟琳（Margaret Franklin）评价说，平台汇聚世界顶尖机构、 吸纳国际前沿智慧，助力国际机构深耕北 ...

5月14日，北京人力今日收盘21.03元，上涨1.50%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到10.16倍，总市值119.05亿元。 从行业市盈率排名来看，公司所处的专业服务行业市盈率平均55.72倍，行业中值35.65倍，北京人力排 名第8位。 截至2025年一季报，共有33家机构持仓北京人力，其中基金26家、其他5家、信托1家、社保1家，合计 持股数39761.32万股，持股市值85.33亿元。 最新一期业绩显示，2025年一季报，公司实现营业收入108.37亿元，同比2.72%；净利润5.91亿元，同 比180.41%，销售毛利率5.63%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)8北京人力10.1615.041.67119.05亿行业平均 55.7259.493.9856.77亿行业中值35.6532.982.7143.20亿1南网能源-297.56-289.992.51168.56亿2实朴检 测-55.83-48.904.5132.17亿3永安行-48.97-62.911.4542.97亿4零点有数-34.70-37.485.7526.97亿5西测测 试-22 ...

营收增长利润承压，旅游景区业绩稳健 [Table_ReportType] ——社会服务行业 2024 年业绩综述报告[Table_ReportDate] [投资要点： Table_Summary] 社会服务板块全年业绩增收不增利。2024 年上市公司业绩出炉，社会 服务板块增收不增利，营业收入合计 1907.95 亿元，同比增长 6.95%， 在申万一级行业中排名第 3；归母净利润合计 73.66 亿元，同比下降 31.26%，在申万一级行业中排名第 22。 旅游及景区板块：2024 年旅游及景区板块实现营收 354.23 亿元，同比 +15.24%，归母净利润 16.73 亿元，同比+7.19%。五一黄金周居民旅游 热情高涨，旅游市场持续回暖。调休工作日的减少使得更多游客选择拼 假开启早鸟游或节末错峰游，推动长线游目的地表现亮眼，各地创新和 丰富消费场景，以多元供给激发消费潜力、市场活力，为游客带来深度 体验。 3288 酒店餐饮板块：2024 年酒店餐饮板块实现营收 298.53 亿元，同比- 1.49%，归母净利润 15.67 亿元，同比-19.73%。消费承压导致板块业绩 出现波动，全年表现不佳。行业 ...

Core Insights - The recent policies from Shenzhen and Guangzhou aim to accelerate the development of service trade and cultivate new momentum for foreign trade, reflecting a strategic response to the evolving global service trade landscape [1] Group 1: Policy Initiatives - Shenzhen released "Ten Key Points for Supporting Service Trade Development" on May 7, while Guangzhou introduced "22 Measures for Service Trade and Digital Trade" on May 9, both focusing on enhancing service trade [1] - The policies emphasize the importance of digital trade, with Shenzhen prioritizing its development and Guangzhou highlighting the need for a supportive institutional and infrastructural environment [2] Group 2: Strategic Focus Areas - Both cities stress the importance of aligning rules and standards, with Guangzhou aiming to connect with Hong Kong and Macau's regulatory frameworks, while Shenzhen's measures facilitate the flow of elements within the Greater Bay Area [2] - The policies also prioritize standard-setting, with Guangzhou proposing the development of Bay Area and international standards, and Shenzhen supporting enterprises in obtaining international certifications [2] Group 3: Sector-Specific Support - Shenzhen offers greater financial support for financial service export enterprises, with rewards up to 2 million yuan, while Guangzhou focuses on the internationalization of professional services like accounting and law [3] - The distinct approaches of both cities create a complementary development pattern, leveraging their respective strengths in service trade [3] Group 4: Future Directions - The cities are positioned to lead in service trade innovation, capitalizing on their strong industrial foundations, talent pools, and high levels of openness [3] - Future efforts should focus on policy coordination to address systemic challenges such as data flow, talent acquisition, and intellectual property protection, transforming policy benefits into tangible development outcomes [3]