Core Viewpoint - Liu Yonghao, the founder of New Hope Group, is actively making moves in the capital market, including share reductions in New Dairy and potential control transfers in Feima International [1][2][3] Group 1: New Dairy - Universal Dairy Limited (UDL), the controlling shareholder of New Dairy, plans to reduce its stake by up to 25.82 million shares, representing 3% of the total share capital, within three months [1] - New Dairy reported a revenue of 2.625 billion yuan for Q1 2025, a year-on-year increase of 0.42%, and a net profit of 133 million yuan, up 48.46% [1] - The stock price of New Dairy is currently at 17.58 yuan, down nearly 7%, with a market capitalization of 15.131 billion yuan [2] Group 2: Feima International - Feima International announced plans for a potential transfer of control, with New Hope Investment Group considering selling part or all of its stake [2] - The investment party may acquire 532 million shares (20% of total shares) or all shares of a subsidiary, New Zengding, which currently holds 29.9% of Feima International [2] - Feima International's revenue for Q1 2025 was 54.66 million yuan, with a net loss of 768,200 yuan [3]

Core Viewpoint - The company is taking steps to address previous shareholder meeting decisions by resubmitting proposals for approval, which are aimed at ensuring compliance with performance commitments and enhancing shareholder interests [1][2][3]. Group 1: Shareholder Meeting Decisions - The company held its sixth meeting of the seventh board on June 27, 2025, with all five directors present, and the meeting complied with legal and regulatory requirements [1]. - The board decided to resubmit the proposal regarding the performance commitment fulfillment to the upcoming shareholder meeting, as it was not approved in the previous meeting held on May 22, 2025 [1]. - The board believes that the resubmission will help ensure that investors fulfill their commitments and protect the interests of minority shareholders [1]. Group 2: New Related Transactions - The company plans to propose a new daily related transaction with its controlling shareholder, with an estimated business scale not exceeding RMB 80 million, effective from the approval date until the next annual shareholder meeting [3]. - This proposal has been reviewed and approved by the independent directors before being submitted to the board for further consideration [3]. Group 3: Upcoming Shareholder Meeting - The company has scheduled its second extraordinary shareholder meeting for July 15, 2025, to review the proposals submitted by the board [3][4]. - The voting results for the proposals indicate unanimous support from the directors present, with no abstentions or objections [2][4].

Core Viewpoint - The company has announced its expected external guarantee limits for 2025, detailing the amounts and entities involved in the guarantees provided [1][17]. Summary by Sections 1. Overview of Guarantee Situation - The company has approved a total expected guarantee limit of 1,511,248.6750 million RMB, which accounts for 191.58% of the latest audited net assets [17]. - The total guarantees provided to wholly-owned subsidiaries amount to 1,132,128.6750 million RMB, representing 143.52% of the latest audited net assets [17]. - There are no overdue guarantees reported [3][17]. 2. Details of Guarantees - The company has provided guarantees to various subsidiaries, including: - Tianjin Ruimaotong Supply Chain Management Co., Ltd.: 53,000 million RMB expected guarantee limit, with 4,550 million RMB already provided [1]. - Jiangsu Jinhui Power Fuel Co., Ltd.: 109,500 million RMB expected guarantee limit, with 40,000 million RMB already provided [1]. - Zhejiang Hehui Power Fuel Co., Ltd.: 192,500 million RMB expected guarantee limit, with 40,000 million RMB already provided [1]. - Henan Ruimaotong Grain and Oil Co., Ltd.: 165,000 million RMB expected guarantee limit, with 50,000 million RMB already provided [1]. - Century Commodities Solution (HK) Limited: 32,000 million RMB expected guarantee limit, with 21,560 million RMB already provided [1]. 3. Internal Decision-Making Process - The board of directors held meetings on December 23, 2024, to review and approve the expected guarantee limits for 2025, which were subsequently submitted for shareholder approval [4][16]. 4. Financial Stability of Guaranteed Entities - The company has assessed that the guaranteed entities are financially stable and do not have significant issues affecting their debt repayment capabilities [16].

Core Viewpoint - The company has announced a change in accounting estimates regarding accounts receivable to better reflect its financial status and operational results following a change in its controlling shareholder to Hubei International Trade Group Co., Ltd. [1][2] Summary by Sections Overview of Accounting Estimate Change - The change in accounting estimates is effective from April 1, 2025, and does not require retrospective adjustments to previously disclosed financial reports, thus not affecting past financial conditions or operational results [1][2]. Reasons for Change - The change is driven by the improvement in the quality of accounts receivable and the diversification of trade business following the new controlling shareholder, which necessitates a more objective and fair reflection of expected credit risk [1][2]. Details of the Change - The previous expected credit loss rates for accounts receivable were: - Within credit period: 2% - Beyond one year: 5% - The new expected credit loss rates will be adjusted, although specific new rates are not disclosed in the announcement [2]. Impact on Financial Statements - The change will not affect past financial statements due to the application of the future applicability method [2]. - The specific impact on the company's 2025 profit and loss cannot be determined at this time and will be disclosed in the official 2025 audit report [2]. Opinions from Supervisory Board and Accounting Firm - The supervisory board supports the change, stating it aligns with relevant laws and regulations and accurately reflects expected credit risk [3][4]. - The accounting firm has issued a report confirming that the change complies with applicable regulations and standards [4][5]. Audit Committee Review - The audit committee has approved the change, affirming that it is a reasonable adjustment based on industry practices and the company's development [5].

Core Viewpoint - The article emphasizes that Shenzhen Futian is transforming into a "golden platform" for companies to expand internationally, leveraging its unique resources and innovative services to facilitate overseas investments and operations [2][3][11]. Group 1: Services and Support for Companies Going Abroad - Futian has established a "one-stop" service platform that integrates various services, including legal support, customs clearance, and compliance training, to streamline the process for companies looking to expand internationally [3][4][10]. - The "three certificates in one" service model significantly reduces the time and effort required for companies to handle foreign-related notarization, certification, and visa processes, cutting the processing time by over 50% [5][6]. - The "outbound service supermarket" includes 42 selected enterprises and institutions, covering key areas such as international market development, financial compliance, and cross-border finance, linking over 80 overseas institutions for mutual resource empowerment [6][8]. Group 2: Strategic Initiatives and Policy Support - In response to the Shenzhen Municipal Government's internationalization strategy, Futian has launched a three-year plan (2025-2027) aimed at enhancing its global visibility and reputation, with a target of exceeding 20 billion yuan in service trade and assisting 1,000 enterprises in going abroad by 2027 [9][10]. - The district has developed a comprehensive service ecosystem that positions it as a strategic partner for Chinese companies venturing overseas, enhancing its role beyond mere administrative support [10][11]. - Futian's geographical advantage as a core hub for foreign trade, coupled with its proximity to Hong Kong, facilitates efficient connections between the Guangdong-Hong Kong-Macao Greater Bay Area and global markets [10][11].

证券代码：002210 证券简称：飞马国际 公告编号：2025-025 深圳市飞马国际供应链股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 编号：2025-024），现就前述公告部分内容予以更正补充如下： 更正补充前： 一、本次交易的基本情况 新投集团与漳州高新区高鑫创业投资合伙企业（有限合伙） （以下简称"投资 方"）、海南宝晶利科技有限公司、新增鼎（海南）投资发展有限公司（以下简称 "新增鼎"，为本公司的控股股东）签订《投资意向协议》，约定投资方对新增鼎 或上市公司进行投资，具体方式包括但不限于：新增鼎拟通过协议转让的方式将 其所持上市公司 532,246,560 股无限售条件流通股（约占上市公司目前股份总数 的 20.00%）转让给投资方；或者新投集团及海南宝晶利科技有限公司将持有的 新增鼎全部股权转让给投资方，同时投资方对新增鼎进行增资，最终投资方持有 新增鼎不少于 66.89%的股权。若本次交易顺利推进并实施完成，公司控股股东 及/或实际控制人将发生变更。 深圳市飞马国际供应链股份有限公司（以下简称"本公司"、"公司"或"上市 公司"） ...

Core Viewpoint - The controlling stake of Feima International is set to be transferred from the current major shareholder, Xintou Group, to a local state-owned investment entity, indicating a significant shift in ownership and potential strategic realignment for the company [1][2]. Group 1: Ownership and Control Changes - Xintou Group is negotiating an investment agreement to transfer control of Feima International, with two potential methods: transferring 532 million unrestricted shares (20% of total shares) or transferring all shares of its subsidiary, Xinzheng Ding, to the investor [1]. - Post-transaction, the new controlling shareholder will be the investment entity, which is primarily controlled by the Finance Bureau of the Zhangzhou High-tech Industrial Development Zone [2]. Group 2: Financial Performance and Historical Context - Feima International has struggled financially since the entry of Xinzheng Ding, with revenues from 2021 to 2024 recorded at 266 million, 354 million, 356 million, and 239 million respectively, and net profits of 4.92 million, 88.35 million, 16.39 million, and 28.50 million [3]. - The company had a debt crisis in 2021, leading to Xinzheng Ding's intervention with a total of 250 million in financial support, resulting in a 29.9% ownership stake [3]. - Xinzheng Ding had committed to a net profit of at least 570 million for the years 2022-2024, but the actual cumulative net profit was only 133 million, falling short of the commitment [4]. Group 3: Market Reaction - Following the announcement of the potential ownership change, Feima International's stock price experienced volatility, ultimately closing at 2.67 yuan per share, with a total market capitalization of 7.105 billion [3].

Group 1: Impact of External Factors - The company's business has been affected by frequent adjustments in tariff policies, but its diversified sales market and customer structure provide strong resilience against trade dispute risks [2] - The company has been actively building overseas production bases, allowing for greater flexibility in responding to tariff changes [2][3] - Exchange rate fluctuations primarily impact the company's import and export trade, with USD being the main currency for transactions [3] Group 2: Financial Strategies and Shareholder Returns - The company emphasizes shareholder returns and plans to continue providing stable and sustainable returns to investors [3] - The company is focused on enhancing its supply chain services and aims to strengthen its core business capabilities for sustainable development [4] Group 3: Operational Challenges and Talent Management - The main bottleneck for the company's development is the lack of talent, particularly those with international operational capabilities [3] - The company has established various employee incentive mechanisms, including performance-based compensation and employee stock ownership plans [4] Group 4: Innovation and Design - The Guotai Innovation Design Center is being developed in Shanghai, which will support recruitment and innovation activities [3] - The company has established marketing and design centers in key international markets to enhance customer service and increase trade value [4]

步入2025年，怡亚通探索创新发展机遇，尤其针对AI前沿方向，持续推动算力供应链完善进程。目 前，怡亚通已培育出多个极具前景的"科创企业"。公司参股的港股上市公司伟仕佳杰（00856.HK）， 深度布局亚太地区AI算力服务、技术创新与云计算服务；战略投资的联芸科技（688449.SH）于2024年 成功上市，在存储控制器市场占据着重要地位。 2024 年怡亚通跨境业务收入58.71亿元，下一步将推动 "铁海联运""跨境电商保税仓"等模式落地，跨境 生态扩容将有望带动公司海外收入占比提升。与此同时，资金还将用于怡亚通出海赛道加速突破与补 充。公司2024年支持埃塞俄比亚200台新能源汽车供应链项目、加速"中老泰"等国际铁路联运方案网络 建设，该类项目将为怡亚通带来新的增长空间。 除出海业务扩张提升财务表现外，此次借款利率显著低于市场平均融资成本的利率水平，还预计可为怡 亚通节省较为可观的财务费用，并推动流动比率提升，增强抗风险能力。 值得注意的是，控股股东此次为怡亚通提供资金"加持"，体现出"以融促产"担当，将金融资源精准滴灌 至外贸供应链关键环节，为同类企业提供"政策+资本"双轮驱动范式。 怡亚通(00218 ...

Group 1: Recent IPOs - Haitian Flavor Industry, a leading condiment company from Foshan, officially listed on the Hong Kong Stock Exchange, raising approximately HKD 10.129 billion with a market capitalization of HKD 212.3 billion [1] - Black Eye Technology, a mobile game developer from Hong Kong, filed for an IPO on NASDAQ, planning to issue 1.5 million shares to raise about USD 6 million [2] - Jiamei New Materials, a nylon product manufacturer from Fuzhou, submitted an IPO application to NASDAQ, aiming to raise approximately USD 6 million [3] - Hope Sea Inc, a comprehensive supply chain solutions provider from Shenzhen, filed for an IPO on the Hong Kong Stock Exchange, focusing on cross-border supply chain solutions for electronic products [4] - Wolong Nuclear Materials, a high-speed copper cable manufacturer from Shenzhen, submitted an IPO application for "A+H" shares on the Hong Kong Stock Exchange [5] - Banou, a hot pot enterprise from Beijing, filed for an IPO on the Hong Kong Stock Exchange, claiming to be the largest brand in China's quality hot pot market with a 3.1% market share [6] - Xin'ao Co., a private natural gas company from Langfang, submitted an IPO application to the Hong Kong Stock Exchange, leveraging over 30 years of operational experience [7] - Anmai Biotech, a Shanghai-based biotechnology company, filed for an IPO on the Hong Kong Stock Exchange, focusing on T-cell connectors for cancer and autoimmune disease treatments [8] - Vision Electronics, a commercial display equipment company from Guangzhou, submitted an IPO application for "A+H" shares on the Hong Kong Stock Exchange [9] - Haizhi Technology, an AI company from Beijing, filed for an IPO on the Hong Kong Stock Exchange, ranking fifth among industrial AI providers in China by revenue [10] - Diguantong, a fintech platform from Macau, filed for an IPO on the Hong Kong Stock Exchange, aiming to connect global capital with China's micro-economy [11] - Yuxin Technology, a fintech solution provider from Beijing, submitted an IPO application to the Hong Kong Stock Exchange, focusing on full-stack technology solutions for financial institutions [12] - Zhaowei Electromechanical, a provider of integrated micro-drive systems from Shenzhen, filed for an IPO on the Hong Kong Stock Exchange [13] - Meige Intelligent, a wireless communication module provider from Shenzhen, submitted an IPO application to the Hong Kong Stock Exchange, ranking fourth globally in wireless communication module revenue [14] - Jiyi Technology, a cross-border e-commerce service provider from Suzhou, filed for an IPO on the Hong Kong Stock Exchange, leading in cross-border e-commerce operations in China [15] Group 2: Upcoming IPOs - Xiangjiang Electric, a home appliance manufacturer, is set to launch an IPO from June 17 to June 20, aiming to raise approximately HKD 212 million [16] - Cao Cao Mobility, a travel technology platform, plans to launch an IPO from June 17 to June 20, targeting to raise about HKD 1.853 billion [17] - Saint Bella, a comprehensive home care brand group, will conduct an IPO from June 18 to June 23, aiming to raise around HKD 628 million [18] - Zhou Li Fu, a jewelry company, is set to launch an IPO from June 18 to June 23, targeting to raise approximately HKD 1.123 billion [19] - Yingtong Holdings, a perfume brand management company, plans to conduct an IPO from June 18 to June 23, aiming to raise about HKD 1.127 billion [20] Group 3: Regulatory Approvals - Ten companies, including Tianyu Semiconductor and Shuangdeng Group, received approval from the China Securities Regulatory Commission for overseas listings and "full circulation" of unlisted shares [21]