Core Viewpoint - In 2024, Changchun has expanded its list of popular tourist spots to 120, aiming to convert online traffic into real visitors and enhance its tourism brand [1] Group 1: New Attractions - The newly added "MOTIAN Vitality City" features a rooftop Ferris wheel, the first fantasy movie theme park in Changchun, and the largest indoor sports complex [1][2] - The city has introduced a new indoor animal park with rainforest ecological landscaping, combining education, exhibition, and entertainment [3] Group 2: Entertainment and Shopping - The "MOTIAN Vitality City" includes a variety of entertainment options such as a children's amusement park and a new anime-themed game park, focusing on fun, health, and intelligence [2] - It hosts nearly a hundred well-known retail brands and various automobile brands, creating a fashionable shopping hub [2] Group 3: Cultural Experience - The development aims to inject warmth and emotion into the city, enhancing the romantic and passionate aspects of life through its attractions [3]

证券研究报告 | 2025年06月17日 金融工程日报 A 股窄幅整理，稳定币持续活跃、创新药调整明显 市场表现：今日(20250617) 大部分指数处于下跌状态，规模指数中上证 50 指数表现较好，板块指数中上证综指表现较好，风格指数中沪深 300 价值指 数表现较好。综合金融、煤炭、综合、电力公用事业、石油石化行业表现较 好，医药、传媒、轻工制造、汽车、纺织服装行业表现较差。稳定币、抗核 辐射、页岩气、可燃冰、油气开采等概念表现较好，化学制药精选、CRO、 谷子经济、创新药、减肥药等概念表现较差。 市场情绪：今日收盘时有 60 只股票涨停，有 10 只股票跌停。昨日涨停股票 今日收盘收益为 1.16%，昨日跌停股票今日收盘收益为-2.44%。今日封板率 65%，较前日下降 7%，连板率 17%，较前日下降 11%。 市场资金流向：截至 20250616 两融余额为 18223 亿元，其中融资余额 18100 亿元，融券余额 123 亿元。两融余额占流通市值比重为 2.3%，两融交易占市 场成交额比重为 8.7%。 折溢价：20250616 当日 ETF 溢价较多的是影视 ETF，ETF 折价较多的是 BO ...

Core Insights - Approximately 70% of digital transformation projects fail to meet expectations, often due to organizations blindly pursuing flashy technologies while neglecting foundational issues [2] - The company undertook a significant digital transformation project, investing nearly $1 billion, to modernize its operations and address systemic chaos accumulated over decades [3][4] - The shift from a traditional supply chain mindset to a supply network approach was crucial in managing complexity and stakeholder coordination [6][10] Digital Transformation Challenges - The company faced a chaotic reality in its digital transformation efforts, with outdated systems and siloed departments leading to strategic misalignment between technology investments and business needs [3][4] - The operational scale increased complexity, as the company operates an ecosystem of approximately 180 locations, requiring coordination among various internal units and external partners [4] - Initial efforts to implement a new procurement platform revealed deep-rooted conflicts among departments, highlighting the challenges of aligning different priorities and processes [4][8] Supply Network Thinking - A critical mindset shift occurred, moving from a linear supply chain focus to a complex supply network perspective, recognizing the interdependencies among internal teams, suppliers, and partners [6][7] - The company adopted a network approach to manage complexity effectively, emphasizing the importance of understanding the flow of orders, data, and decisions across the organization [6][10] - Success metrics were redefined to encourage collaboration across departments, moving away from isolated KPIs to shared network indicators [7][10] Stakeholder Coordination and Evolution - The most challenging aspect of the transformation was fostering new collaboration methods among personnel and processes, as misalignment could lead to project failure [8][9] - A robust governance structure was established, with a committee of executives from key departments meeting bi-weekly to review progress and resolve conflicts [8] - Training and organizational evolution were prioritized, ensuring that structural changes were accompanied by cultural shifts to support the new systems [9][10] Key Lessons for CIOs - Focus on foundational systems rather than flashy technologies, as modernizing core processes often yields the greatest long-term benefits [11] - Engage personnel early and frequently in the transformation process to ensure user adoption and mitigate failure risks [11] - Think in terms of networks rather than linear chains, promoting visibility and collaboration across functions and partners [11][12]

根据执行裁定书，上述法院在执行上海伟复投资管理有限公司、钱子驹与浙江越龙山旅游开发有限公 司、祝昌人国内非涉外仲裁裁决一案中，责令被执行人浙江越龙山旅游开发有限公司、祝昌人给付执行 款3006万元及生效文书所确定的利息，执行费9.75万元，但其未履行生效法律文书确定的义务。所以， 也就有了上述祝昌人所持的450万股*ST元成股权被强制拍卖事项。 *ST元成（603388）实控人祝昌人所持的公司部分股权，又一次遭司法拍卖。同时，还有部分股权，也 已被摆上货架。 年内已四次被法拍 拍卖平台显示，6月17日，*ST元成实控人祝昌人所持的450万股无限售流通股股票，被杭州市上城区人 民法院执行强制拍卖。评估价为1327.95万元，起拍价为929.6万元。 从此次竞买记录来看，此次公开拍卖竞争较为激烈。最终，经过169轮竞价，自然人吴君连以1505.6万 元，于今日11:24时竞得上述450万股*ST元成股权。折合3.35元/股。 此次拍卖完成股权过户后，祝昌人先生所持*ST元成的股份总数，将由5187.55万股下降至4737.55万 股，占上市公司总股本比例将由15.93%下降至14.54%。 此次拍卖3.35元/股 ...

Core Viewpoint - Xiamen International Trade Group Co., Ltd. is proceeding with the repurchase and cancellation of a portion of the restricted stock from its 2022 incentive plan, following necessary approvals and in compliance with relevant regulations [1][4][8]. Group 1: Approval and Authorization - The company held a shareholders' meeting on April 12, 2022, where it approved the 2022 incentive plan and authorized the board to handle necessary matters related to the repurchase and cancellation of restricted stock [4]. - The board and supervisory board meetings on June 17, 2025, also approved the proposal for the repurchase and cancellation of restricted stock [5]. Group 2: Details of the Repurchase and Cancellation - A total of 29,842,451 shares will be repurchased and canceled due to various reasons, including retirement, job transfers, and failure to meet performance targets [6][7]. - The repurchase price for the shares is set at 4.50 yuan per share for the initial grant and 4.92 yuan per share for the reserved grant, with adjustments for interest in certain cases [7][8]. Group 3: Compliance and Next Steps - The repurchase and cancellation process must adhere to the disclosure requirements and procedures outlined in the relevant regulations and laws [8]. - The legal opinion confirms that the necessary approvals have been obtained and that the actions are in compliance with the applicable management measures and the 2022 incentive plan [8].

证券代码：600755 证券简称：厦门国贸 编号：2025-47 厦门国贸集团股份有限公司 关于回购注销部分限制性股票通知债权人的公告 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。 一、通知债权人的原因 厦门国贸集团股份有限公司（以下简称"公司"）第十一届董事会 2025 年度 第十次会议、第十一届监事会 2025 年度第五次会议审议通过了《关于回购注销 部分限制性股票的议案》。鉴于公司 2022 年限制性股票激励计划（以下简称"2022 年激励计划"）中 70 名激励对象因架构调整、工作调动等原因调动至厦门国贸控 股集团有限公司或其下属企业任职，50 名激励对象因离职，4 名激励对象因退休， 不再具备激励资格；公司 2022 年激励计划首次授予第三个解除限售期和预留授 予第二个解除限售期公司层面业绩未达到考核目标。公司需对上述涉及的部分限 制性股票进行回购注销，本次涉及回购注销限制性股票的数量合计为 29,842,451 股。在 2022 年激励计划首次授予激励对象中，3 名退休激励对象的回购价格为 股；在 2022 年激 ...

欢迎扫描下方二维码关注： 什么是鼓励类产业企业? 鼓励类产业企业是指以《西部地区鼓励 类产业目录》中规定的产业项目为主营业 务，且其主营业务收入占企业收入总额60% 以上的企业。 《西部地区鼓励类产业目录 (2025年本) 》 新疆篇 《西部地区鼓励类产业目录（2025年 本）》已经开始施行，按省份分列的鼓励类 政策共564条，其中新疆篇有57条，是西部 地区条目最多的省份，其重点支持方向与新 疆"十大产业集群"战略布局高度契合。 对新能源装备制造、储能技术、清 洁能源开发等领域的支持，与新疆 "十大产业集群"中的新型电力系 统产业集群高度一致。 支持新疆发展高端装备制造、新材 料等战略性新兴产业,这与自治区 的先进制造和新材料等战略性新兴 产业集群战略布局高度协同。 扫描二维码↑↑ 查看《西部地区鼓励类产业目录（2025年本）》 对纺织服装产业的支持，与新 疆的棉花和纺织服装产业集群 0 O 来源：新疆税务 推荐阅读 对煤炭清洁高效利用、现代煤 化工等产业的支持，与新疆的 煤炭清洁高效利用产业集群建 设相呼应。 支持新疆的战略性矿产资源勘 查和综合开发利用,这与自治 区的绿色矿业及加工产业集群 建设高度契合 ...

今日A股与港股呈现窄幅震荡格局，两市主要指数表现均显平淡。 A股方面，上证指数午盘微跌0.19%报3382.14点，深证成指持平，创业板指小幅下挫0.14%，北证50逆 势上涨0.58%，科创50则调整0.85%，市场半日成交约7902亿元，较上日略有缩量。 港股市场，恒生指数微跌0.13%报24028.83点，恒生科技指数和国企指数分别小幅下行0.06%、0.23%， 半日成交额约1081亿港元。 展望后市，宏观环境与政策动向仍是关键。国内5月工业增加值、消费数据保持稳健增长，高端制造、 数字经济等新动能持续壮大，为市场提供基本面支撑；央行本月两度开展买断式逆回购操作，净投放 2000亿元，流动性环境整体充裕。外围方面，美联储本周货币政策会议虽大概率维持利率不变，但9月 降息预期升温可能影响全球风险资产定价；同时，沪港金融中心协同发展行动方案即将签署，或进一步 强化两地市场联动。 短期来看，市场或延续震荡轮动态势。A股创新药与新消费等高位主题波动加剧，港股医疗板块也面临 估值消化压力。科技领域虽出现超跌反弹中断，但AI算力、固态电池、商业航天等硬科技方向仍被机 构视为中期布局重点。随着全球高速铜缆创新技术大 ...

Core Viewpoint - Wuhan Binhai Tianjie, a commercial complex in Wuchang, is set to officially open within the year, featuring over 300 brands and a unique riverside park [1][5][6]. Group 1: Project Overview - The total construction area of Wuhan Binhai Tianjie is approximately 390,000 square meters, which includes 170,000 square meters of commercial space and two super high-rise towers [3][6]. - The project is built to 'P1+' standards, representing the highest level of construction quality by Longfor Group in the country [3][6]. - The complex will feature a 22-meter high "Wangjiang Window" that offers a panoramic view of the river through glass curtain walls [4][6]. Group 2: Amenities and Features - The project includes a 13,000 square meter green park, which is the first of its kind in Wuhan, providing various recreational areas such as a cherry blossom avenue and a children's playground [4][6]. - The design incorporates a central area called "Muguang Island," where visitors can enjoy coffee while watching sunsets over the river [4][6]. Group 3: Brand and Market Positioning - Wuhan Binhai Tianjie will host over 300 stores, with 40% being first stores or flagship stores in the city [7]. - The location benefits from the intersection of three subway lines, enhancing its appeal to external brands and increasing foot traffic [7].

证券研究报告 | 2025年06月16日 金融工程日报 沪指震荡上行，稳定币方向爆发、IP 经济题材活跃 | 金融工程·数量化投资 | | | --- | --- | | 证券分析师：张欣慰 | 联系人：李子靖 | 021-60933159 021-60875177 zhangxinwei1@guosen.com.cn lizijing1@guosen.com.cn S0980520060001 核心观点 金融工程日报 市场表现：今日(20250616) 大部分指数处于上涨状态，规模指数中中证 2000 指数表现较好，板块指数中北证 50 指数表现较好，风格指数中沪深 300 价 值指数表现较好。综合金融、传媒、计算机、通信、房地产行业表现较好， 农林牧渔、有色金属、汽车、医药、商贸零售行业表现较差。稳定币、数字 货币、电子身份证、跨境支付、第三方支付等概念表现较好，丙烯、黄金精 选、电动车、家纺、饲料精选等概念表现较差。 市场情绪：今日收盘时有 75 只股票涨停，有 7 只股票跌停。昨日涨停股票 今日高开高走，收盘收益为 4.06%，昨日跌停股票今日收盘收益为 0.88%。 今日封板率 71%，较前日下降 ...