上市企业：中成股份（000151），远大控股（000626），厦门信达（000701），凯瑞德（002072），江 苏国泰（002091），怡亚通（002183），鹏都农牧（002505），五矿发展（600058），苏豪弘业 （600128），东方创业（600278），江苏舜天（600287），ST沪科（600608），苏美达（600710）， 云维股份（600725），汇鸿集团（600981），中信金属（601061） 相关报告：智研咨询发布的《2026-2032年中国数字贸易行业竞争策略研究及未来前景展望报告》 2025年1-10月，江西省进出口总额（海关口径）为3965.6亿元，比上年同期增长2.6%，其中出口额为 2545.04亿元，同比增长2.1%，进口额为1420.61亿元，同比增长3.5%，贸易顺差为1124.43亿元。 2019-2025年1-10月江西省累计进出口统计图 数据来源：海关总署，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐 ...

Group 1 - The rise of Generation Z as a consumer force emphasizes emotional value, technological empowerment, and green concepts in their purchasing decisions, leading to innovative market dynamics [1][3] - New products with higher quality-price ratios are emerging, successfully igniting market interest, while the integration of artificial intelligence in consumption continues to break boundaries [1][3] - The evolution of commercial spaces from mere "sales venues" to "third living spaces" reflects the changing consumer demands of the youth, showcasing a shift in the "people-goods-space" logic [3] Group 2 - The development of new consumption patterns is not only enhancing material experiences but also providing a platform for the growth of cultural and spiritual products, acting as a key driver for market upgrades [5] - In the realm of national cultural creativity, the combination of Generation Z's love for traditional culture and innovation has made national trend products popular, fulfilling the youth's pursuit of cultural depth [7] - With increasing environmental awareness, Generation Z is more inclined to choose green transportation options, such as public transit and shared bicycles, which aligns with their eco-friendly values and promotes the growth of the green industry [7]

格隆汇11月30日丨木薯资源(00841.HK)公布中期业绩，截至2025年9月30日止六个月 ，公司收益为8.48 亿港元，同比增长88.86%；公司股东应占期内盈利为1007.2万港元，去年同期亏损903.8万港元；基本 每股盈利为1.7港仙。 就集团酒店及服务式公寓业务，酒店餐饮服务向外承包以收取固定收入，该期间酒店房费收入则稳定。 集团仍旧决心抓紧机会，优化员工分配，以消除负面因素。 报告期内，中国大陆客户对乾木薯片需求增加。因此，集团该年度来自采购及销售乾木薯片的收益增加 至约8.36亿港元，较去年同期约4.39亿港元增加约90.6%。 就「338 Apartment」而言，该物业地舖现时租予第三方用作经营连锁餐厅，而该物业其余可出租层数 面积现时由集团自行经营服务式公寓或已租予第三方租户。 ...

Core Insights - Jiangxi Shengrui Trading Co., Ltd. has been established with a registered capital of 1 million RMB, indicating a new player in the leather and related products industry [1] Company Overview - The legal representative of Jiangxi Shengrui Trading Co., Ltd. is Feng Libin [1] - The company’s business scope includes leather sales, leather tanning processing, leather product manufacturing, and sales [1] - Additional activities include the sale and manufacturing of specialized equipment for leather and fur processing, as well as the production and sale of bags and non-metal waste processing [1] Industry Activities - The company is involved in the sale of agricultural and non-agricultural products, including health food (pre-packaged) and edible agricultural products wholesale [1] - Labor services are also part of the business scope, excluding labor dispatch [1] - The company is permitted to conduct business activities independently based on its business license, except for projects that require approval [1]

Group 1 - A new company, Bengbu Yuelong Trading Co., Ltd., has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Hu Xiangzhong [1] - The business scope includes sales of construction materials, artificial boards, wood processing, hardware products wholesale, and machinery equipment sales [1] Group 2 - The company is also involved in logistics services, specifically road cargo transportation, which includes network freight [1] - The company can operate general business projects independently as long as they are not prohibited or restricted by laws and regulations [1] - Specific licensed business activities require approval from relevant authorities before commencement [1]

Core Viewpoint - Shanghai Puluomei Trading Co., Ltd. has been established with a registered capital of 100,000 RMB, focusing on general projects such as import and export of goods and food sales, specifically pre-packaged food [1] Company Summary - The legal representative of Shanghai Puluomei Trading Co., Ltd. is Stiller Kim Young Ju [1] - The company is authorized to engage in the sale of alcoholic beverages, subject to approval from relevant authorities [1] - The business operations will be conducted in accordance with the business license and relevant regulatory approvals [1]

Core Viewpoint - The company reported a significant increase in total revenue but continued to face losses, indicating ongoing challenges in achieving profitability [1] Financial Performance - Total revenue for the six months ending September 30, 2025, was approximately HKD 81.97 million, representing an increase of about 90.1% compared to the same period last year [1] - The loss attributable to shareholders was approximately HKD 15.69 million, an improvement from a loss of about HKD 16.81 million for the same period ending September 30, 2024 [1] - The loss per share was HKD 0.0587 [1] Operational Strategy - The management is focused on improving operational efficiency through rigorous project selection and strict cost control measures [1] - The company is negotiating new contracts to enhance the operational efficiency of its sales and comprehensive services division [1] - There is an ongoing effort to strengthen the customer base and supply chain in the chemicals and agricultural products general trading business [1] Future Outlook - The company plans to improve operational efficiency by standardizing procedures and simplifying processes to eliminate redundancies and bottlenecks [1] - There will be a stronger emphasis on budget management, strict cost and expense control measures, and enhanced cost analysis and assessment mechanisms [1] - The company is closely monitoring global economic trends and developments to seize all business opportunities [1]

Core Viewpoint - Swire Group's Hong Kong headquarters has laid off approximately 10% of its staff, affecting around 40 employees across departments such as sustainability, finance, and risk management, including the head of sustainability, Mark Harper [1][2]. Group 1: Company Restructuring - The recent layoffs mark the first significant job cuts at Swire Group's headquarters in years, as the company aims to enhance overall efficiency and streamline processes [2]. - Swire Group, established in 1816, operates in five major sectors: real estate, aviation, beverages, marine services, and trading, employing over 121,000 people globally, with more than 500 at its Hong Kong headquarters [2]. Group 2: Real Estate Performance - Swire Properties' retail business has shown signs of recovery, with all three core shopping centers in Hong Kong maintaining a 100% occupancy rate and experiencing varying degrees of sales growth as of the end of September [2]. - Specific sales growth figures include a 3.6% increase for Taikoo Place, 3% for Taikoo City, and 0.2% for Cityplaza [2]. Group 3: Mainland Market Activity - The retail market in mainland China is more vibrant, with notable sales growth reported: 41.9% for Shanghai's Xinyi Taikoo Hui, 7.8% for Beijing's Sanlitun Taikoo Li, and 5.6% for Shanghai's Qiantan Taikoo Li [3]. Group 4: Office Property Challenges - The office property segment remains weak, with rental rates declining by 13% at Taikoo Place and 15% at Taikoo Square [5]. - As of the end of September, the overall office occupancy rate in Hong Kong was 92%, down from 93% in 2024, with Taikoo Square's occupancy dropping from 93% to 90% [5]. Group 5: Financial Performance - Swire Properties reported a significant fair value loss of HKD 4.68 billion in investment properties for the first half of the year, compared to HKD 879 million in the same period last year, primarily due to the Hong Kong office portfolio [6]. - Despite the challenges, the company achieved a revenue of HKD 8.723 billion, a 20% year-on-year increase, while the attributable recurring profit decreased by 4% to HKD 3.42 billion [6]. - This marks the first time in 15 years that Swire Properties has reported a loss in interim attributable profit, although the sale of multiple properties in Miami contributed to a 15% increase in basic earnings to HKD 4.42 billion [8].

Core Viewpoint - Seven Yuan Investment (01660) reported a revenue of HKD 84.643 million for the six months ending September 30, 2025, representing a year-on-year decrease of 23.63%. However, the company achieved a net profit of HKD 396,000, marking a turnaround from a loss to profit, with basic earnings per share at HKD 0.06 [1]. Revenue Performance - The revenue decline was primarily attributed to a more conservative approach in acquiring new business within the real estate-related leasing and trading segments [1]. - The retail amusement business in Shenzhen faced revenue declines due to intense competition [1].

Company Overview - Huakong Saige (SZ 000068) announced the termination of a plan to issue shares to specific targets during its board meeting on November 27, 2025 [1] - The company's current market capitalization is 3.8 billion yuan [1] Revenue Composition - For the first half of 2025, Huakong Saige's revenue composition is as follows: - Trade business: 65.52% - Engineering construction: 21.78% - Software and information technology services: 7.32% - Environmental protection industry: 5.2% - Others: 0.17% [1]