日前，由西交利物浦大学与北京大学城市软实力研究院联合主办的"中资企业出海中东欧产学研融投资对话论坛"在匈牙利布达佩斯举办，论坛上发布了 《中东欧国家投资机遇与策略蓝皮书》。 《中东欧国家投资机遇与策略蓝皮书》由西交利物浦大学产业家学院、北京大学城市软实力研究院和丰佳国际联合研编，蓝皮书系统分析了中东欧国家的 投资环境、政策趋势与风险挑战，旨在提供与中资企业投资中东欧市场分享投资机遇与投资策略的研究成果。 120多位来自中国西交利物浦大学、北京大学、浙江大学、西安交通大学、匈牙利MCC、罗兰大学、考文纽斯大学、经济与技术等大学的专家学者嘉宾， 中国和匈牙利校友企业家、匈牙利中资银行和中资企业嘉宾，匈牙利、罗马尼亚、波兰、塞尔维亚、克罗地亚、德国、意大利、西班牙、葡萄牙、乌克兰 等国家的商业和留学精英参加了本次论坛。 论坛期间举行了"丝路大学校友企业家联盟"的揭牌仪式，启动了包括"丝路硅谷国际创新教育中心"、"西交利物浦大学-西安交大电子与信息学部博士后海 外创新中心"、"北京大学'城市软实力研究院一带一路'DBA教育基地"、"MEGA数字影视与创意产业创新基地"以及"银龄成长欧洲健康中心"的多个重点项 目的揭牌 ...

根据古鳌科技披露的信息，去年，东高科技营收为14293.98万元，同比下降66.13%；营业利润为995.22 万元，净利润为423.40万元，扣非净利润仅有877.25万元，但较2023年增长了34.94%。 虽然扣非净利润实现了增长，但是东高科技仍未完成当初被古鳌科技收购时的业绩承诺，而且是连续三 年均未完成。 4月28日，古鳌科技（300551）披露了原控股子公司东高(广东)科技发展有限公司（下称"东高科技"） 财务报表及审计报告。去年，东高科技扣除非经常性损益后的归母净利润为877.25万元，距离当初被收 购时的业绩承诺——扣非净利润不低于5000万元——有较大差距，且已经连续三年未完成业绩承诺。 业绩承压背后，是其合规问题接连暴露。2023年11月份以来，这家第三方投顾机构因为违规，两次被监 管部门责令暂停新增客户半年，直接导致其收入萎缩。经营受困之下，东高科技去年9月还因为拖欠员 工工资被广州番禺区人社局开罚单。此外，去年12月，古鳌科技作价500万元售出东高科技2%股权，退 出控股地位。 连续三年未完成业绩对赌 东高科技是一家老牌投顾机构，是首批获得中国证监会证券投资咨询资格的证券信息综合服务商 ...

Core Insights - The company reported a significant decline in financial performance for Q1 2025, with total revenue and net profit showing substantial year-on-year decreases [1][2][8] Financial Performance Overview - Total revenue for the quarter was 25.4852 million yuan, a year-on-year decrease of 44.62% [2] - The net profit attributable to shareholders was -21.9754 million yuan, down 35.66% year-on-year [2] - The non-recurring net profit was -22.4263 million yuan, reflecting a 25.54% decline compared to the previous year [2] Profitability Metrics - Gross margin stood at 29.09%, a decrease of 7.62 percentage points year-on-year [3] - Net margin was -98.18%, down 153.42 percentage points from the previous year [3] Expense Management - The total of selling, administrative, and financial expenses reached 19.882 million yuan, accounting for 78.01% of total revenue, which is an increase of 157.36% year-on-year [4] Assets and Liabilities - Cash and cash equivalents amounted to 305 million yuan, a decrease of 28.52% year-on-year [5] - Accounts receivable increased to 125 million yuan, reflecting a year-on-year growth of 46.67% [5] - Interest-bearing liabilities rose to 21.9187 million yuan, a significant increase of 195.54% year-on-year [5] Cash Flow Analysis - Operating cash flow per share was -0.63 yuan, a decline of 39.12% year-on-year [6] Other Key Indicators - Net asset value per share was 6.51 yuan, down 17.26% year-on-year [7] - Earnings per share were -0.31 yuan, a decrease of 34.78% compared to the previous year [7] Analysis and Recommendations - The company's performance in Q1 2025 indicates notable declines in revenue, profit, and expense management, necessitating close attention to cash flow conditions [8] - The growth in accounts receivable and negative net profit may impact the company's long-term health [8]

Core Viewpoint - The EY Item Club predicts that the UK economic growth rate for 2026 will be halved due to the impact of comprehensive tariffs imposed by US President Donald Trump, leading to a significant downward revision of growth forecasts for 2025 and 2026 [1][2] Economic Growth Forecasts - The growth forecast for the UK economy in 2025 has been revised down from 1% to 0.8%, and for 2026 from 1.6% to 0.9% [1] - The forecast for household spending growth has been reduced from 1.6% to 0.9% for this year [2] - Business investment growth is now expected to be only 0.3%, down from a previous forecast of 2% [2] Trade and Investment Impact - The UK is expected to experience a decline in exports, with a projected decrease of 0.5% in 2025 and 0.4% in 2026 [2] - The overall economic outlook indicates that commercial investment will be particularly hard hit, with almost no growth anticipated this year [1] Government Financial Planning - The bleak economic outlook poses challenges for UK Chancellor Rachel Reeves, whose fiscal plans are based on an anticipated economic growth of nearly 2% in 2026 [1] - The downward revision of economic expectations increases the risk that Reeves will need to raise taxes or cut spending to adhere to fiscal rules [1] Monetary Policy Outlook - Despite the economic challenges, the EY Item Club expects the Bank of England to maintain a gradual interest rate cut cycle, with the possibility of accelerating easing in the future [2] - However, it is warned that inflation rates are likely to remain above 3% for most of 2025 [2]

峰会期间还举行了多场圆桌论坛，聚焦AI与产业融合、AGI时代的商业模式创新，以及全球IPO市场展 望。与会嘉宾普遍认为，AI技术进步正为实体产业赋能，AGI发展催生商业创新活力，而优质中国企业 在海外资本市场依然具有吸引力。 此外，CIC灼识咨询与渣打银行(中国)有限公司联合发布《2025中国中小企业出海蓝皮书》，针对八大 热门行业出海趋势进行深入解读，助力中国企业全球布局。 峰会同期举行的"第三届灼耀热力榜"颁奖盛典上，100家在人工智能、智能制造、半导体、健康消费等 领域表现突出的创新型企业获评"灼耀之星"，展现了新经济企业的蓬勃生机。 本报讯(记者金婉霞)日前，由灼识企业管理咨询(上海)有限公司(下称"CIC灼识咨询")主办的第三届灼耀 年度峰会暨颁奖盛典在上海圆满落幕。本届峰会以"聚力致行，领创新势能"为主题，汇聚了500余名来 自政府、投资界、产业界及学界的精英，共同探讨宏观经济趋势、产业创新路径及资本赋能策略，为实 体经济高质量发展注入新动能。 CIC灼识咨询创始合伙人戴巧灵表示，中国科创实力持续提升，中国资产价值正在重估，消费潜力释放 亦重塑社会活力。中国上市公司协会党委委员、副会长孙念瑞在峰会 ...

Financial Performance - The company reported a basic earnings per share of -0.3100 yuan for Q1 2025, a decrease of 34.78% compared to -0.2300 yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.22 billion yuan, reflecting a 37.5% increase in losses compared to -0.16 billion yuan in Q1 2024 [1] - The operating revenue for Q1 2025 was 0.25 billion yuan, down 45.65% from 0.46 billion yuan in Q1 2024 [1] - The return on equity for Q1 2025 was -4.59%, a significant decline of 76.54% from -2.60% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 46.7094 million shares, accounting for 64.86% of the circulating shares, with an increase of 0.9225 million shares compared to the previous period [2] - The largest shareholder, Shanghai Zhishu Industrial Partnership, holds 29.97 million shares, representing 41.61% of the total share capital, with no change in holdings [3] - New entrants among the top shareholders include Xin'ao Core Technology Mixed A, holding 0.5224 million shares, and Yan Riyuan, holding 0.32 million shares [3] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [4]

Group 1 - The core viewpoint emphasizes the importance of corporate credit as the foundation of a market economy, highlighted by a recent tax-enterprise dialogue meeting organized by the Yexian Tax Bureau [1] - The meeting involved over 20 representatives from local enterprises and tax service institutions, focusing on tax-related issues and policies, including simplified tax processes and tax credit ratings [3] - The Yexian Tax Bureau has been actively promoting a law-based tax environment to support enterprises in gaining development opportunities through compliant tax practices, contributing to high-quality local economic growth [3][5] Group 2 - Tax officials provided in-depth explanations of key tax policies, helping enterprises avoid tax risks and fully benefit from policy advantages, particularly in areas like high-tech enterprise incentives [3] - The Yexian Tax Bureau is committed to enhancing the compliance and operational standards of tax service institutions, ensuring they operate within legal frameworks and improve service quality [5] - Future activities will continue to focus on the themes of tax, law, and fairness, with a series of tax promotion events planned to maintain a fair tax business environment [5]

营收及归母净利润小幅回落。公司一季度营收及归母净利润均出 现小幅回落，主要受建筑施工业务收入减少影响，此外去年建筑 施工业务提供业绩增量较高，导致业绩基数偏高。 新签合同金额同比上涨。截至 2025 年 3 月底，公司累计新签合同 额 28.1 亿元，同比+171.7%，其中工程施工业务新签 26.0 亿元， 同比+249.9%，主要受益于一季度控股股东拿地情况同比去年显著 好转；工程咨询新签 2.0 亿元，同比-29.4%。 控股股东拿地积极，为业务发展奠定基础。在行业销售承压的背 景下，控股股东建发房产仍积极拿地，根据中指院，2025 年 1-3 月建发房产共拿土地 7 宗，总权益拿地金额达 207 亿元，同比去 年同期 43 亿权益拿地金额大幅增长，为一季度工程施工项目增长 提供重要支撑。此外 2025 年一季度建发房产权益拿地金额位列行 业第四，相比去年第 13 名大幅提升。考虑到未来建发房产持续新 获取项目，为后续公司业务发展提供了良好的基础。 现金流短期承压。2025 年 1-3 月公司经营性现金流量净额-2.63 亿元,同比-280.1%，主要受建筑施工业务回款减少及成本支出增 加的影响。考虑到 ...

Core Viewpoint - The company is committed to enhancing quality and efficiency while ensuring shareholder returns through a comprehensive action plan aimed at high-quality development and value recovery [31][32]. Financial Data - The company has not audited its first-quarter financial statements for 2025 [3]. - The company reported a net profit of 0 yuan for the merged entity prior to the merger [9]. Shareholder Information - As of the end of the reporting period, the controlling shareholder, China Communications Construction Company, and its affiliates hold approximately 57.01% of the company's total shares [5][6]. - The company plans to increase its shareholding through its subsidiary, with a minimum investment of 1.0 billion yuan and a maximum of 2.0 billion yuan [6][7]. Corporate Governance - The board of directors and the supervisory board have confirmed the accuracy and completeness of the quarterly report, taking legal responsibility for its content [2][11]. - The company emphasizes the importance of corporate governance and compliance with legal regulations to protect shareholder rights [40]. Strategic Initiatives - The company aims to focus on high-quality development by enhancing its core competitiveness in design consulting services and expanding into related areas [32]. - The company plans to deepen its international presence and engage in significant projects along the Belt and Road Initiative [33]. Shareholder Returns - The company has established a cash dividend policy, committing to distribute at least 30% of its average distributable profits over the last three years [36]. - The company has distributed a total of 757 million yuan in cash dividends since its listing, ensuring stable returns for shareholders [36]. Investor Communication - The company will hold an investor briefing on April 29, 2025, to discuss its first-quarter performance and address investor questions [21][23]. - The company is committed to improving the quality of information disclosure and enhancing communication channels with investors [38].

FTI Consulting, Inc. (NYSE:FCN) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Mollie Hawkes - Head of IR Steven Gunby - President and CEO Ajay Sabherwal - CFO Conference Call Participants James Yaro - Goldman Sachs Tobey Sommer - Truist Andrew Nicholas - William Blair Operator Good morning, everyone, and welcome to the FTI Consulting, Inc. First Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode. Should you need assistance, please send to ...