| 证券代码：600655 | 证券简称：豫园股份 | 公告编号：临2025-076 | | --- | --- | --- | | 债券代码：242519 | 债券简称：25豫园01 | | | 债券代码：242813 | 债券简称：25豫园02 | | | 债券代码：242814 | 债券简称：25豫园03 | | 上海豫园旅游商城（集团）股份有限公司 关于公司 2025 年半年度经营情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据《上市公司自律监管指引第3号》、《关于做好主板上市公司2025年半年度报告 披露工作的重要提醒》要求，上海豫园旅游商城（集团）股份有限公司（以下简称"公 司"）现将2025年上半年度公司分行业、分地区营业收入，主要营业网点情况披露如下： 一、 本报告期内，公司主营业务分行业情况 单位:元 币种:人民币 | | | 主营业务分行业情况 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | 毛利率 | 营业收 入比 ...

Group 1 - The 25th China International Investment and Trade Fair (CIFIT) will be held from September 8-11, 2025, in Xiamen, Fujian Province, with the UK as the guest country [1] - The UK pavilion will cover over 400 square meters and focus on key areas of the UK's Modern Industrial Strategy, including healthcare innovation, financial services, advanced manufacturing, digital technology, and clean energy [2] - The UK will host a series of economic and trade matching activities at CIFIT, aimed at enhancing bilateral investment cooperation between China and the UK [3] Group 2 - The UK delegation at CIFIT will consist of representatives from the Department for Business and Trade, the China-Britain Business Council, and local UK city representatives, with over 110 institutions and enterprises confirmed to participate [4] - In 2024, the UK was China's second-largest investment destination in Europe and the third-largest source of foreign investment, with cumulative actual investment exceeding $35 billion by July 2025 [4]

守正是创新的前提，民营企业要树牢恪守崇法尚德的底线。扬子江药业集团立足"健康营销营销健康"策 略，以专业和诚信取得客户信任、开拓市场、赢得认可；更将合规作为一项全局性、系统性工程，不断 推动企业治理现代化，在建设法治民企、诚信民企、清廉民企中提高企业竞争力。 追本溯源，中华优秀传统文化为大健康产业的发展提供了文化底蕴和理论支持。医药健康企业从中医药 文化中汲取"治未病""天人合一"等智慧，以科技创新打造高质量的产品与个性化服务，让传统养生理念 与现代健康管理方式深度融合，以人民群众看得见的卫生健康成果增进文化自信，为中医药传承创新发 展作出更大贡献。 锐意进取、实干笃行，民营企业家大显身手正当其时。让我们在服务民生中实现自身价值，在守正创新 中展现责任担当。 第六届全国非公有制经济人士优秀中国特色社会主义事业建设者表彰大会日前召开。作为民营企业家的 一员，我获得了表彰，体会到国家对民营企业的支持力度不断加大，倍感温暖、充满信心，更深感重任 在肩。不断以赤诚之心参与各行各业、服务民生，为中国式现代化建设贡献更多力量，是时代赋予我们 非公经济人士的使命。 在实践中我认识到，面对时代之变，非公经济人士必须矢志不渝跟 ...

Core Insights - During the "14th Five-Year Plan" period, Changping District's GDP has grown at an average annual rate of 6.2%, surpassing 180 billion yuan, with a further increase of 7.1% in the first half of this year [1] - Changping is positioning itself as a vibrant future city, focusing on the development of education, technology, and talent integration [1] Group 1: Innovation and Research Development - Changping is home to one-third of Beijing's national key laboratories and has the highest number of universities in the city, showcasing a youthful and dynamic urban landscape [1] - The district is developing two major innovation hubs in Nankou and Machikou, which will host over 40 national key laboratories, creating a world-class "innovation engine" [2] - Changping is integrating scientific elements into urban planning, inspired by global university city models, to foster a collaborative environment for scientists and entrepreneurs [2] Group 2: Industry Growth and Economic Structure - The three leading industries in Changping are healthcare, advanced manufacturing, and advanced energy, with healthcare revenue reaching 104 billion yuan and growing at an annual rate of 9.2% [3] - Advanced manufacturing revenue exceeded 160 billion yuan last year, with a remarkable growth rate of 15% in the first half of this year [3] - The advanced energy sector focuses on energy internet, wind and solar power, hydrogen, and energy storage, with total revenue of 253.2 billion yuan last year [3] Group 3: Infrastructure and Urban Planning - Changping is planning three major corridors: G6 for scientific innovation, G45 for industrial development, and a green ecological corridor, enhancing connectivity through highways and railways [3][4][5] - The G6 corridor will feature over 10 innovation clusters, including life sciences and digital intelligence, with a planned industrial space of over 14 million square meters [3] - The G45 corridor will focus on advanced energy and central enterprise clusters, promoting innovation and collaboration among various enterprises [4] Group 4: Social Development and Quality of Life - The average annual growth rate of residents' income in Changping is projected at 6.75%, with per capita disposable income reaching over 60,000 yuan [6] - The district has added 28,000 new primary and secondary school places and is developing a high-quality international school [6] - Changping is implementing the third round of the "Huitian Action Plan," aiming to enhance community governance and improve living standards [6]

Economic Development - During the "14th Five-Year Plan" period, Changping District's GDP is expected to grow at an average annual rate of 6.2%, surpassing the city's average by 1.3% [1][2] - In the first half of this year, the GDP growth reached 7.1%, building on a high base from the previous year [2] - The per capita disposable income of residents has exceeded 60,000 yuan, with a growth rate of 5.9% in the first half of the year, ranking third in the city [2] - Fixed asset investment has an average annual growth of 11.2%, with a total surpassing 70 billion yuan and a growth rate of 15.2% in the first half of the year [2] Industrial Development - Changping has three major trillion-yuan leading industries, including the pharmaceutical health industry, advanced manufacturing, and advanced energy [4] - The pharmaceutical health industry has an annual revenue growth of 9.2%, reaching 104 billion yuan, with a growth rate of 9.7% in the first half of the year [4] - Advanced manufacturing revenue exceeded 160 billion yuan last year, with a growth rate of 15% in the first half of this year [4] - The advanced energy industry generated 253.2 billion yuan last year, focusing on energy internet, wind power, photovoltaics, hydrogen energy, and energy storage [4] Urban and Rural Integration - Changping has over 130 kilometers of rail transit lines, with eight lines and 46 stations, leading the plain new city [6] - The district has completed planning for all 106 streets and eight towns, supplying 157 hectares of residential land over the past five years [7] Talent Ecosystem - Changping has implemented four talent introduction plans and explored 23 policy measures to support talent development [9] - The district has invested 100 million yuan annually in the "Changju Project" to support high-level talent, providing financial support ranging from 500,000 to 3 million yuan [10] - In the past two years, Changping has introduced over 1,300 talents across four categories [9]

Group 1 - The Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurship Competition attracted 7,146 entrepreneurial projects, with a wide geographical distribution including participation from over 10 countries and regions [1] - Among the registered projects, 4,704 are from Guangdong Province and 2,442 from outside the province, with significant participation from Beijing, Jiangsu, Shandong, Hubei, and Sichuan [1] - The competition features five industry tracks, with the Modern Service and Cultural Creativity track leading with 2,563 registered projects, followed by Artificial Intelligence and Robotics with 1,558, and Pharmaceutical Health and Biomanufacturing with 1,058 [1] Group 2 - Approximately 1,370 projects, nearly 20% of the total, have initiated or completed financing, indicating a strong investment potential and interest from the capital market [1] - The competition aims to connect top venture capital institutions in the Greater Bay Area to identify and support promising entrepreneurial projects, facilitating a comprehensive service system for project development [2] - After the preliminary rounds, 150 projects will advance to the finals, with each track contributing 30 projects, and various supporting activities will be held to enhance policy support and investment opportunities [2]

Core Viewpoint - The stock of Jimin Health Management Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from August 13 to August 15, 2025 [1][2]. Group 1: Stock Trading Abnormality - The stock price fluctuation is classified as an abnormal trading situation according to the Shanghai Stock Exchange trading rules [1]. - The company conducted a self-examination and confirmed that there were no significant changes in its main business or external operating environment, and no undisclosed major matters exist [1][2]. Group 2: Confirmation from Major Stakeholders - Written confirmation from the controlling shareholder and actual controller indicates that, apart from disclosed matters, there are no significant asset restructurings, share issuances, major transactions, business reorganizations, or other major events related to the company [2]. - The board of directors verified that there were no media reports or market rumors that could significantly impact the company's stock price during the abnormal trading period [2]. Group 3: Financial Performance - The company is expected to report a loss of 46 million yuan for the first half of 2025, compared to the same period last year, as disclosed in the half-year performance warning announcement [3]. - The current static price-to-earnings ratio is reported as a loss, while the price-to-book ratio stands at 2.91 [2]. Group 4: Board of Directors' Statement - The board of directors confirmed that there are no undisclosed matters or related plans that should be disclosed according to the Shanghai Stock Exchange listing rules [4].

Core Viewpoint - The article discusses the profound changes driven by industrial revolution and capital forces, highlighting the emergence of new industries such as embodied intelligence, artificial intelligence, and advanced manufacturing as key strategic areas for major countries [3]. Group 1: Industrial Investment Landscape - State-owned capital institutions have become the main leaders and participants in this round of industrial investment [4]. - Policies have been introduced to create a better industrial development environment, including support for private enterprise mergers and acquisitions and measures to promote high-quality development of government investment funds [4]. - Specific investment actions have been clarified by state-owned institutions, such as the establishment of various industry investment funds focusing on sectors like robotics, artificial intelligence, and advanced manufacturing [4]. Group 2: Research and Evaluation Process - The research will utilize a proprietary database and involve surveys, interviews, and data verification to identify key players in the industrial investment sector [5]. - A multi-dimensional evaluation standard will be established to assess the most influential and market-relevant participants in industrial investment [5]. Group 3: Research Setup and Participation - The research includes various lists such as influential state-owned investment institutions and industry merger investment institutions [7]. - The participation guide outlines the process for investment institutions to register and submit data for evaluation [10]. - The research timeline spans from January 1, 2022, to June 30, 2025, with a specific period for award applications in August 2025 [10].

Economic Growth - The GDP of Changchun New Area grew by 6.4% year-on-year in the first half of the year, outperforming the national, provincial, and municipal growth rates by 1.2, 0.7, and 0.7 percentage points respectively, and accelerating by 1.2 percentage points compared to the first quarter [1] - The industrial economy in Changchun New Area showed strong support, with the industrial added value of designated enterprises increasing by 9.7% year-on-year, exceeding the provincial and municipal growth rates by 1.9 and 2.1 percentage points respectively [3] Investment and Infrastructure - Fixed asset investment in Changchun New Area increased by 10% year-on-year, surpassing the city and province by 4.9 and 9 percentage points respectively, with a project resumption rate of 96.5% for projects over 50 million yuan [5] Consumer Market - The retail sales of consumer goods in Changchun New Area reached 5.56 billion yuan, growing by 8.3% year-on-year, which is higher than the provincial and municipal growth rates by 2.8 and 6 percentage points respectively [7] - The accommodation and catering sector saw a year-on-year increase of 16.7% in revenue [7] Service Sector - The income of the regulated service industry in Changchun New Area grew by 22.8% year-on-year, outpacing the city by 3.8 percentage points, with significant growth in emerging sectors such as internet services, leasing and business services, and scientific research and technical services [9]

三、中概股IPO上市板块与募资情况 2025年上半年，中概企业美股上市募集资金约8.7亿美元（不含4家De-SPAC和1家OTC转板）。其中募资额低于1000万美元的企业占比71%，而大于1亿 美元的企业仅有5%，募资规模呈现两极分化。 34家企业集中于纳斯达克资本市场，这些企业不仅体量较小，募资金额也较低，上市估值中位数为8700万美元，募资中位数为700万美元。仅有4家选择 在纳斯达克全球精选或全球市场上市，而这4家企业的上市估值中位数超10亿美元，募资额中位数超7800万美元，均远高于资本市场的上市企业。 华谊信资本 | 赴美IPO上市 | 中概股IPO | 赴美上市 | 境外上市 | De-Spac 2025年上半年，赴美IPO上市中概股在全球资本市场波动中彰显强劲韧性，呈现出行业多元发展、地区分布均衡、募资额逆势增长等显著特征。为助力 各界更深入了解中概股在美市场的发展趋势，华谊信资本特此整理分析了2025年上半年中概股赴美IPO数据，希望能对大家有所帮助。 一、中概股IPO上市数量 2025年上半年中概企业在美上市表现出了活跃趋势，共有45家成功在美国上市，共计占到美股IPO市场的22%，数量远超 ...