目标公司Focus Media Singapore Pte.Limited为一间于新加坡注册成立的有限公司为卖方的直接全资附属 公司，主要于新加坡提供户外广告服务。 广告行业正经历结构性变革，与行销格局从传统媒体支出向线上及社交媒体平台的重大转变一致。考虑 到目标公司的财务表现及不断变化的商业环境，集团相信订立买卖协议及其项下拟进行的出售事项将： (i)为集团提供机会，实现高于目标公司账面值的溢价;(ii)使集团能够精简运营，并将管理及财务资源配 置予集团具有更强本地专业优势的市场;(iii)产生即时现金流入以增强集团整体营运资金，并满足日后业 务发展的资金需求;及(iv)出售事项符合集团的业务策略，可使集团在业务发展过程中保持韧性，并在出 现具增长潜力的业务机遇时保留财务资源。 基石金融(08112)发布公告，于2025年9月17日(交易时段后)，卖方Focus Media Network Limited(公司直接 全资附属公司)与买方Excellent Investment Services Limited订立买卖协议，据此，卖方已有条件同意出售 而买方已有条件同意购买销售股份(即卖方作为目标公司的登记持 ...

广告行业正经历结构性变革，与行销格局从传统媒体支出向线上及社交媒体平台的重大转变一致。考虑 到目标公司的财务表现及不断变化的商业环境，集团相信订立买卖协议及其项下拟进行的出售事项将： (i)为集团提供机会，实现高于目标公司账面值的溢价;(ii)使集团能够精简运营，并将管理及财务资源配 置予集团具有更强本地专业优势的市场;(iii)产生即时现金流入以增强集团整体营运资金，并满足日后业 务发展的资金需求;及(iv)出售事项符合集团的业务策略，可使集团在业务发展过程中保持韧性，并在出 现具增长潜力的业务机遇时保留财务资源。 智通财经APP讯，基石金融(08112)发布公告，于2025年9月17日(交易时段后)，卖方Focus Media Network Limited(公司直接全资附属公司)与买方Excellent Investment Services Limited订立买卖协议，据 此，卖方已有条件同意出售而买方已有条件同意购买销售股份(即卖方作为目标公司的登记持有人及实 益拥有人所持的目标公司的全部已发行股本)，现金总代价为300万港元。 目标公司Focus Media Singapore Pte. Limi ...

Group 1 - The company, Focus Media Network Limited, has entered into a conditional sale agreement to sell its entire issued share capital in Focus Media Singapore Pte. Limited for a cash consideration of HKD 3 million [1] - Upon completion of the sale, the company will no longer hold any interest in the target company, which will cease to be a subsidiary of the group, resulting in the target company's financial performance, assets, and liabilities no longer being consolidated into the group's financial statements [1] - The target company is a limited liability company registered in Singapore, primarily providing outdoor advertising services [1] Group 2 - The advertising industry is undergoing structural changes, with a significant shift in marketing expenditures from traditional media to online and social media platforms [2] - The company believes that the sale agreement will provide opportunities to achieve a premium above the book value of the target company, streamline operations, and allocate management and financial resources to markets with stronger local expertise [2] - The sale is expected to generate immediate cash inflow to enhance the group's overall working capital and meet future business development funding needs, aligning with the group's business strategy to maintain resilience and retain financial resources for growth opportunities [2]

Core Viewpoint - The Shanghai government is showcasing the achievements of the "14th Five-Year Plan" through a series of press conferences, highlighting the high-quality development and results from various districts, particularly focusing on Jing'an District's efforts to build a modern international urban area [1][3]. Economic Development - Jing'an District's GDP is projected to reach 336.99 billion yuan in 2024, surpassing the 300 billion yuan mark, with a per capita GDP of 360,000 yuan, which is 1.5 times that of 2020 [4]. - The district's public budget revenue is expected to reach 30.22 billion yuan, ranking among the top in the city [4]. - Jing'an has attracted 991 new stores since 2021, making it a hotspot for consumer activity, with retail sales leading among central districts [4]. Headquarters Economy - Since the beginning of the "14th Five-Year Plan," Jing'an has added 85 new regional headquarters of multinational companies, totaling 142, with an annual tax contribution growth of 11.1% from headquarters economy [4][5]. Industrial Development - Six key industries contribute over 85% to the regional economy, with a significant increase in high-end service brands from 48 to 103 [5]. - The professional services sector's tax contribution rose from 15.8% in 2020 to 22.1% last year [5]. Innovation and Technology - Jing'an has become a hub for emerging industries, housing one-third of the city's core data intelligence companies and a significant number of global pharmaceutical firms [6]. Reform and Opening Up - From 2021 to 2024, Jing'an attracted 1,122 foreign direct investment projects, with a total contracted foreign capital of 4.83 billion USD, marking a significant increase compared to the previous five years [7]. - The district has implemented 693 measures to optimize the business environment, leading to a 1.8 times increase in new market entities compared to the previous five years [7]. Urban Renewal - Jing'an has focused on urban renewal, completing the renovation of 47 old residential areas and enhancing public services, including the construction of rental housing [8][9]. Social Development - The district has improved public services, particularly in elderly care and childcare, and has enhanced cultural offerings, maintaining a leading position in public cultural facilities [10]. Future Outlook - As Jing'an approaches the end of the "14th Five-Year Plan," it aims to set higher goals for the next decade, focusing on excellence and contributing significantly to the city's overall development [11].

Market Movements - US stock index futures are all up ahead of the market opening, with Dow futures up 0.02%, S&P 500 futures up 0.18%, and Nasdaq futures up 0.22% [1] - European indices are down, with Germany's DAX down 0.54%, UK's FTSE 100 down 0.26%, France's CAC 40 down 0.15%, and the Euro Stoxx 50 down 0.16% [2][3] - WTI crude oil is up 0.54% at $63.64 per barrel, while Brent crude oil is up 0.34% at $67.67 per barrel [3][4] Economic Data - US retail sales for August are expected to show a month-on-month increase of 0.2%, with core retail sales (excluding autos and gas) expected to rise by 0.4%, indicating consumer spending may be a bright spot despite overall economic weakness [4] Company News - Oracle (ORCL.US) shares are up over 5% in pre-market trading as it is reported to be participating in a consortium to maintain TikTok's operations in the US [7] - Tesla (TSLA.US) is under investigation by the National Highway Traffic Safety Administration regarding potential issues with the electronic door handles of certain Model Y vehicles [8] - Nvidia's (NVDA.US) new RTX6000D chip for the Chinese market is facing low demand, with major companies showing little interest due to high pricing and perceived lack of value [8] - TSMC (TSM.US) has seen its market share in the semiconductor foundry market rise to 38% in Q2 2025, driven by strong AI demand and Chinese subsidies [9] - Google's (GOOGL.US) proposal to divest part of its advertising technology business has been rejected by the Justice Department, which is seeking a complete separation of its AdX platform [9] - Corteva (CTVA.US) is reportedly evaluating a potential split of its seed and pesticide businesses, but this move has raised concerns among Wall Street analysts [10] - Webtoon (WBTN.US) shares surged over 39% in pre-market trading after Disney (DIS.US) announced a partnership to develop a digital platform for classic comic content [10]

天眼查App显示，近日，四会兴成包装有限公司成立，注册资本10万人民币，经营范围为一般项目：纸 和纸板容器制造；五金产品零售；五金产品批发；技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广；平面设计；广告制作；广告发布；广告设计、代理；数字技术服务；工业互联网数据服 务；装卸搬运；国内货物运输代理；运输货物打包服务；国内贸易代理；供应链管理服务。（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动）许可项目：道路货物运输（不含危险货物）。 （依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许 可证件为准）。 ...

Group 1: AI Development and Industry Impact - The underlying large model capabilities are continuously iterating, establishing a technical foundation for AI applications across various industries [1] - The B-end commercialization progress is accelerating, particularly evident in the media sector, with overseas AI technology having an earlier start and more mature commercialization [1] - Continuous updates of large models are expected to accelerate the iteration of underlying technologies, enhancing AI applications and enabling autonomous decision-making and task execution [4] Group 2: Box Office and Film Industry Performance - The summer box office for 2025 reached 11.96 billion yuan, showing a year-on-year increase of 2.7% [1] - Notable films such as "Nanjing Photo Studio" and "Wang Wang Mountain Little Monster" contributed significantly to the monthly box office, with 1.984 billion and 1.44 billion yuan respectively [1] - The total box office for August 2025 was 5.991 billion yuan, reflecting a year-on-year increase of 48.59% and a month-on-month increase of 47.27% [1] Group 3: Gaming Market Trends - The domestic gaming market's actual sales revenue reached 29.084 billion yuan in July 2025, marking a year-on-year growth of 8.14% [2] - The PC game market showed significant growth, with sales in June and July reaching 5.866 billion and 6.637 billion yuan respectively, with year-on-year growth rates of 0.81% and 13.14% [2] - Self-developed games in the overseas market generated actual sales revenue of 1.693 billion USD, reflecting a year-on-year increase of 8.18% [2] Group 4: Advertising Market Performance - The overall advertising market expenditure increased by 1.5% year-on-year from January to July 2025 [3] - In July 2025, the monthly advertising expenditure grew by 6.8% year-on-year and 5.7% month-on-month, indicating a stable upward trend [3] - Significant increases in advertising spending were observed in the entertainment and leisure, telecommunications, and personal care sectors, with year-on-year increases of 53.1%, 45%, and 30.8% respectively [3]

欢迎扫描下方二维码关注： 年薪制可以每两个月发一次工资吗？试用期工资可以"八折"吗？哪些情形企业可以代 扣工资？病假工资具体怎么算？关于职场新人工资的这些问题，一起来看相关解答↓ 年薪制可以每两个月发一次工资吗？ 小詹今年研究生毕业，上月收到了一家通讯企业的Offer，从事研发工作。上周小詹到企业办理入职手续，签订劳动合同时，双方约定小詹属于实 行年薪制的员工，将每2个月支付一次工资。小詹不解，工资难道不应该每月发一次吗？公司的做法对吗？ 试用期工资可以"八折"吗？ 8月初，应届生小米入职一家美妆企业。双方签订3年劳动合同，约定工资8000元，试用期4个月。本月初，小米发现银行卡上到账的工资不是约定 的8000元，而是6400元。询问HR之后，对方回复说，试用期期间，工资打八折。小米疑惑，可是合同上明明没有写啊……这也可以吗？ 哪些情形企业可以代扣工资？ 今年刚刚从大学毕业的小朱上月入职了一家广告公司，在办理入职手续时，人事告知她，她的税前工资是9千元。这两天银行短信提醒小朱，她的 工资已入账，但却只有7000多元。询问HR后，对方回复说，因为公司为小朱代扣了她的社保、公积金还有税。这些都是企业可以代扣工资的 ...

中金主要观点如下： 广告行业整体温和增长，分广告类型、广告主存在一定分化 行业温和增长：2Q25宏观环境相对稳定，广告行业温和增长。根据CTR媒介智讯，1H25广告市场整体 花费微增0.6%。分广告类型看：1)互联网广告增速较高，QuestMobile数据显示互联网广告收入2Q同增 7%，多家公司依托电商、社区内容生态推动广告收入增长。2)线下广告方面梯媒表现较好，CTR数据 显示LCD、海报广告实现较快增速，分众传媒（002027）2Q25增速环比提速。 分广告主：汽车行业、互联网(即时零售)及新兴内容(短剧、小游戏)投放提升，消费品行业内部分化。 从618购物节来看，多家公司获得增量预算，驱动了整体行业2Q增速。 中金发布研报称，2Q25整体广告板块收入端表现符合预期，分广告类型看，线上广告维持了低双位数 的增速；线下广告及广告服务商因宏观环境、自身业务调整等因素部分公司收入承压。展望下半年，互 联网广告主要关注即时零售投放增长的可持续性；细分赛道广告主要关注汽车、通信、AI等细分赛道 的结构性增长；新广告模式空间方面，主要关注分众"碰一下"、多端化广告、AI搜索广告等新模式带来 的增量空间。 AI赋能广 ...

8月底英国《金融时报》报道，电通已经聘请摩根士丹利与野村证券作为财务顾问，正在评估旗下海外业务的整体剥离方案，未来可能将只保留日本本土 业务。 9月4日，广告行业媒体《Campign》报道，CEO五十岚博回应了有关电通国际业务未来的猜测，回应的内容非常模糊，称"尚未做出任何决定""目标是自建 国际业务"。 "虽然我们的目标是自行重建我们的国际业务，但我们认识到根本性的重组需要采取大胆的措施。 ……我们正在探索所有选择，包括与第三方 建立全面和战略的合作伙伴关系。……如果能帮助我们更快地恢复，我们也愿意与其他公司合作。这些想法仍然只是可能性。" 电通整体营收同比下滑0.2%，其中日本本土业务逆势增长5.3%，而海外业务收入则连续第四个季度同比下跌； 集团调整全年利润预期，从原本的660亿日元下调至预计亏损35亿日元（约合2400万美元），主要由海外市场的商誉减值和重组成本所驱动； 海外业务的利润率远低于本土，仅维持在约10%水平，结构性亏损已对集团整体业绩构成压制； 电通集团这条全球化的路，走得不太顺，或许真的要走不下去了。 而放眼整个行业，广告集团的动荡在今年此起彼伏，着实透着一丝末日氛围。 有的寻求出售。5 ...