滨海投资(02886)公布，2026年1月30日耗资5.57万港元回购5万股股份。 ...

Core Viewpoint - Berkshire Hathaway, under the potential leadership of Greg Abel, may consider selling its 325 million shares of Kraft Heinz, indicating a shift in investment strategy from Warren Buffett's traditional approach of holding onto acquired assets [1][2]. Group 1: Company Background - Kraft Heinz was formed in 2015 through a merger facilitated by Warren Buffett and 3G Capital, with Berkshire Hathaway holding a significant stake in the company [1]. - The company has faced challenges as consumer preferences shift towards private label brands and away from processed foods, leading to a reassessment of its brand value [1]. Group 2: Financial Implications - Berkshire Hathaway recorded a $3.76 billion impairment on its Kraft Heinz investment last year, reflecting concerns over the company's performance [1]. - Following the announcement of potential share sales, Kraft Heinz's stock price dropped nearly 4%, closing at $22.85 [2]. Group 3: Leadership Transition - Greg Abel, who has been managing non-insurance businesses since 2018, officially became CEO on January 1, 2023, and is expected to bring a different leadership style compared to Buffett [2]. - Analysts speculate that Abel may evaluate all subsidiaries and divest those that do not meet internal performance standards, marking a significant shift in Berkshire's operational strategy [2][3]. Group 4: Market Reactions - The market reacted negatively to the news of potential share sales, with Kraft Heinz's stock experiencing a decline [2]. - There is speculation that large buyers may be waiting in the wings to acquire Berkshire's substantial stake in Kraft Heinz, given the challenges of selling such a large position in the open market [3].

Core Insights - The independent director system for listed companies in China is undergoing a significant transformation, with the introduction of the "Management Measures for Independent Directors of Listed Companies" in August 2023, which allows investor protection agencies to publicly solicit shareholder rights and nominate independent directors [1][2] Group 1: Key Developments - The new regulations aim to enhance the representation of minority shareholders, particularly those who have been historically silent [1] - The China Securities Investor Services Center has successfully implemented this system in five cases over a year and a half, covering various ownership structures and regions [1][4] - The evolution of the nomination process has shown a clear trend towards "joint action" and an expansion of the backgrounds of independent directors from industry experience to accounting expertise [2][4] Group 2: Challenges and Responses - Despite a high approval rate of over 99% for the shareholder meetings regarding the nominated independent directors, the actual participation of investors in the solicitation process remains limited, highlighting the ongoing issue of minority shareholders' "free-riding" mentality [2][10] - The operational challenges faced by the China Securities Investor Services Center include the difficulty in uniting shareholders who hold more than 1% of shares to exercise their voting rights [9][10] - Recommendations have been made to improve investor participation through education and the establishment of efficient online authorization systems [10] Group 3: Governance Implications - The involvement of the China Securities Investor Services Center in nominating independent directors represents a shift from external oversight to internal participation in corporate governance [7][8] - The selection of independent directors has focused on their professional qualifications and experience, which is expected to enhance the effectiveness of corporate governance [5][8] - The successful nomination of independent directors is seen as a step towards empowering minority shareholders and improving the balance of power within corporate boards [7][8]

在中航证券首席经济学家董忠云看来，当前多国央行宣布暂停降息，应理解为全球宽松进程的节奏放 缓，而非流动性的全面收紧。即使海外市场流动性进一步宽松的速度暂时放缓，但当前全球整体流动性 环境仍处于相对宽松状态，特别是市场对美联储等在2026年启动降息的预期依然存在，这将对流动性形 成支撑。 截至北京时间1月29日中国证券报·中证金牛座记者发稿时，1月以来已有美联储、瑞典央行、挪威央 行、加拿大央行等多个重要经济体央行选择暂停降息。2024年以来新一轮宽松周期有放缓脚步的迹象， 这对大类资产配置会带来怎样的影响值得关注。 大类资产配置该如何调整？权益市场方面，董忠云建议，一方面，聚焦高景气成长赛道，特别是人工智 能产业链（包括算力基础设施、半导体、端侧硬件）及高端制造（机器人、新能源）；另一方面，可配 置高股息红利资产（如银行、公用事业、能源央企等）作为防御底仓。 对于黄金和债市，王开认为，黄金等贵金属短期走高后不排除震荡调整风险，但黄金长期配置逻辑并未 改变。对于债券市场，建议以票息策略为主，不宜过度通过加杠杆博取资本利得。 外围流动性宽松节奏放缓对中国资产影响几何？国信证券首席策略分析师王开认为，实质性影响有限 ...

2025年年度期间，本公司公用事业等主营业务保持稳定发展。公司透过联营公司持有的金融资产收益较 上年同期增加，导致公司2025年年度业绩较上年同期有较大幅度上升。 预计2025年年度实现归属于母公司所有者的扣除非经常性损益后的净利润为人民币1.85亿元到人民币 2.75亿元，与2024年年度相比减少人民币2157.05万元到增加人民币6842.95万元，同比减少10.44%到增 加33.13%。 大众公用（600635）(01635)发布公告，预计本公司截至2025年12月31日止年度未经审计的实现归属于 母公司所有者的净利润为人民币3.5亿元到人民币5亿元，与截至2024年12月31日止年度(2024年年度)相 比增加人民币1.17亿元到人民币2.67亿元，同比增加50.12%到114.46%; ...

智通财经APP讯，大众公用(01635)发布公告，预计本公司截至2025年12月31日止年度未经审计的实现归 属于母公司所有者的净利润为人民币3.5亿元到人民币5亿元，与截至2024年12月31日止年度(2024年年 度)相比增加人民币1.17亿元到人民币2.67亿元，同比增加50.12%到114.46%; 预计2025年年度实现归属于母公司所有者的扣除非经常性损益后的净利润为人民币1.85亿元到人民币 2.75亿元，与2024年年度相比减少人民币2157.05万元到增加人民币6842.95万元，同比减少10.44%到增 加33.13%。 2025年年度期间，本公司公用事业等主营业务保持稳定发展。公司透过联营公司持有的金融资产收益较 上年同期增加，导致公司2025年年度业绩较上年同期有较大幅度上升。 ...

格隆汇1月29日丨大众公用(01635.HK)此宣布，预计公司截至2025年12月31日止年度(「2025年年度」) 未经审计的实现归属于母公司所有者的净利润为人民币3.5亿元到人民币5亿元，与截至2024年12月31日 止年度(「2024年年度」)相比增加人民币11,685.10万元到人民币26,685.10万元，同比增加50.12%到 114.46%；预计2025年年度实现归属于母公司所有者的扣除非经常性损益後的净利润为人民币18,500万 元到人民币27,500万元，与2024年年度相比减少人民币2,157.05万元到增加人民币6,842.95万元，同比减 少10.44%到增加33.13%。 2025年年度期间，公司公用事业等主营业务保持稳定发展。公司透过联营公司持有的金融资产收益较上 年同期增加，导致公司2025年年度业绩较上年同期有较大幅度上升。 ...

智通财经APP讯，大众公用(600635.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净 利润为3.5亿元到5亿元，同比增加50.12%到114.46%。 ...

（编辑 任世碧） 证券日报网讯 1月29日，大众公用发布2025年年度业绩预告称，公司预计2025年年度归属于母公司所有 者的净利润为35，000万元到50，000万元，与上年同期（法定披露数据）相比，将增加11，685.10万元 到26，685.10万元，同比增加50.12%到114.46%。 ...

花旗表示，基于上述原因，将粤投今明两年净利润预测上调2.1%至2.6%。基于盈利增长及估值向前滚 动，目标价上调10%，由原先8港元升至8.8港元。该集团预测2025年派息率达6.3%，具有吸引力且在同 行中最高，仍是花旗在香港公用股的首选。 花旗发布研报称，重申对粤海投资(00270)"买入"评级，因其昨日(28日)发盈喜，预计公司净利润同比增 长43%至44.93亿港元，高于市场预期约2%，主要因为利息支出低于预期。 ...