智通财经APP讯，智勤控股(09913)发布公告，公司于截至2025年9月30日止六个月的纯利预计约为570万 港元，较去年同期的纯利约3140万港元大幅减少。尽管集团的电子商务业务持续增长，其建造业务却取 得亏损。因此，集团整体溢利大幅下降，原因为：鉴于中国香港建筑市场环境疲弱，集团承接的私人及 公共项目减少，导致收益下降;及与去年同期相比，劳工成本增加，降低了集团承接的建造项目溢利 率。 ...

Core Viewpoint - The company, Zhiqin Holdings (09913.HK), expects a significant decline in net profit for the six months ending September 30, 2025, projecting approximately HKD 5.7 million, a sharp decrease from HKD 31.4 million in the same period last year [1] Group 1: Financial Performance - The projected net profit of HKD 5.7 million represents a substantial drop compared to the previous year's net profit of HKD 31.4 million [1] - The decline in profit is attributed to losses in the construction business despite continued growth in the e-commerce sector [1] Group 2: Business Environment - The weak construction market in Hong Kong has led to a reduction in both private and public projects undertaken by the company, resulting in decreased revenue [1] - Increased labor costs compared to the same period last year have further reduced the profit margins on construction projects [1]

Core Insights - The Beijing Urban Sub-center is expected to achieve an average annual GDP growth of over 6% during the 14th Five-Year Plan period, with a reported growth of 10.9% in the first three quarters of this year, ranking second in the city [1] - The total fixed asset investment in the sub-center has exceeded 960 billion yuan since its construction began in 2016, maintaining an investment scale of over 100 billion yuan for five consecutive years [2] - The number of medical institution beds has increased by 50% compared to 2020, and over 60,000 new educational slots have been added in the region [2] Investment and Infrastructure Development - The sub-center has seen significant infrastructure development, including major projects like the extension of Guangqu Road and the underground transformation of the East Sixth Ring Road, enhancing urban framework [2] - The comprehensive transportation hub in the sub-center is expected to be operational this year, with surrounding residential projects achieving record sales in the new housing market [2][8] - The government plans to maintain an annual investment scale of 100 billion yuan, focusing on industrial upgrades, cultural tourism, and urban renewal [3] Business and Economic Growth - The number of large-scale enterprises in the sub-center has reached 2,800, a 52% increase since 2020, with an average of over 20,000 new businesses established annually [4] - The total output value of the advanced manufacturing sector has surpassed 100 billion yuan, reflecting a 70% increase since 2020, with a year-on-year growth of 81% in the first three quarters of this year [4] - The financial and cultural tourism sectors have become pillar industries, with the financial sector's value-added and tax revenue maintaining around 10% [4] Environmental and Social Development - The sub-center has implemented 141 tasks to promote green development, achieving a 24% improvement in PM2.5 concentration since 2020 [5] - The area has established eight ecological parks and 600 kilometers of greenways, becoming the first national forest city in a plain area [5] - The average disposable income of residents has increased by 27.1% compared to 2020, surpassing the city's average growth rate [7] Transportation and Regional Collaboration - The sub-center has the highest density of transportation lines outside the central urban area, with seven rail lines and ongoing improvements to internal road networks [8] - Collaborative efforts with neighboring regions have led to the completion of significant transportation projects, enhancing commuting efficiency and public service resource sharing [9]

Core Viewpoint - China Starch (03838) has announced a construction contract for a thermal power plant with a total value of RMB 70 million, aimed at supporting its corn starch production facilities by providing stable steam supply [1] Group 1: Contract Details - The contract was signed on November 19, 2025, between the company's indirect non-wholly owned subsidiary, Deneng Jinyu Corn, and contractor Juneng Construction [1] - The construction services include building various structures and facilities for the thermal power plant located in Linqing City, Shandong Province, including the installation of a dual boiler system and high-efficiency steam turbine generator sets [1] Group 2: Strategic Importance - The thermal power plant is designed to meet the growing energy demand and reduce reliance on external suppliers, as indicated in a previous announcement dated February 20, 2025 [1] - The facility is expected to enhance operational efficiency and lower operating costs for Deneng Jinyu as the corn starch production facilities expand [1] Group 3: Regulatory Approval - Deneng Jinyu obtained the construction approval from the Shandong Provincial Development and Reform Commission in January 2025 [1] - The project aligns with the "14th Five-Year Plan" for electricity development issued by the Shandong Provincial Development and Reform Commission and the Shandong Provincial Energy Bureau in November 2023 [1]

Core Viewpoint - The company has signed a construction contract for a thermal power plant, aiming to enhance energy supply for its corn starch production facilities and reduce reliance on external suppliers [1] Group 1: Contract Details - The company’s indirect non-wholly owned subsidiary, Deneng Jinyumi, has entered into a construction contract with Juneng Construction for a total amount of RMB 70 million [1] - The construction services include building various structures and facilities for the thermal power plant located in Linqing City, Shandong Province, including the installation of a dual boiler system and a high-efficiency steam turbine generator set [1] Group 2: Strategic Importance - The thermal power plant is designed to provide stable steam supply for the company’s existing and new corn starch production facilities, addressing the growing energy demand [1] - The project aligns with the Shandong Province's "14th Five-Year" power development plan, which was jointly issued by the Shandong Provincial Development and Reform Commission and the Shandong Energy Bureau [1] Group 3: Operational Efficiency - The thermal power plant is expected to enhance operational efficiency and reduce operating costs for Deneng Jinyumi as the company expands its corn starch production facilities [1] - The new equipment and facilities installed in the thermal power plant are deemed crucial for supporting the increasing steam and energy demands of the group [1]

Group 1 - The core point of the article is that China Starch (03838.HK) has announced a construction contract for a thermal power plant with a total value of RMB 70 million [1] Group 2 - The contract is between the company's indirect non-wholly owned subsidiary, Deneng Jinyu Corn, and the contractor, Juneng Construction [1] - The construction services provided by Juneng Construction are specifically for the thermal power plant [1] - The contract is set to be executed by November 19, 2025 [1]

Group 1 - The Shanghai Municipal Housing and Urban-Rural Development Committee's Science and Technology Committee has completed nearly 30,000 important projects over the past 40 years, contributing significantly to high-quality urban development in Shanghai [1] - The establishment of the Shanghai Construction Technology Development Foundation aims to facilitate the funding, management, and allocation of resources necessary for construction technology development, creating a positive cycle [3][5] - The Science and Technology Committee serves as a consulting body for major scientific and technological issues and policy recommendations, enhancing the macro-management capabilities of government departments [2][5] Group 2 - The Asia-Pacific Urban Technology Cooperation Network was established to strengthen horizontal connections among cities in the Asia-Pacific region, promoting international cooperation in various fields [8] - The Shanghai Municipal Construction Committee has initiated the establishment of four specialized research centers focusing on carbon neutrality, urban underground space utilization, water resource protection, and smart city management [23][25] - The recent Shanghai Housing and Urban-Rural Development Industry Technology Conference emphasized the theme "Empowering Technology, Innovative Development," aligning with national development strategies and promoting high-quality development in the Yangtze River Delta region [35][37]

Group 1 - The U.S. Department of Commerce has modified the rules regarding patent invalidation applications, focusing on those from foreign enterprises, which has raised concerns from China about discrimination against its companies [2] - A meeting on food safety responsibilities was held in Wuxi, Jiangsu, emphasizing the need for better coordination and implementation of local management responsibilities, as well as the adoption of digital technologies for food safety management [3] - The Financial Regulatory Bureau held a meeting with foreign financial institutions in Hainan, encouraging them to integrate into China's economic development and support the construction of the Hainan Free Trade Port [4] Group 2 - Shanghai is accelerating the renovation of urban villages and expanding the supply of affordable housing, aiming to improve living conditions and community services [5] - The Ministry of Finance has issued a statement denying the existence of any fraudulent policies related to the Guangdong-Hong Kong-Macao Greater Bay Area financial bonds, warning the public against scams [6] - The Ministry of Industry and Information Technology has released guidelines for building high-standard digital parks, focusing on optimizing computing power infrastructure and enhancing network capabilities [7] Group 3 - Beijing aims to establish a robust technology transfer system by 2027, targeting the incubation of 3,000 technology-based enterprises and 600 specialized and innovative companies [8] - Chongqing is promoting the innovation of artificial intelligence terminal products, with a goal of achieving an industry scale of over 300 billion yuan by 2030 [10] - A meeting was held in Chongqing to advance the construction of a regional technology innovation center, emphasizing collaboration between central and local governments to enhance technological capabilities [11] Group 4 - The Natural Resources Department announced a unified management approach for satellite navigation positioning stations, which have expanded from 3,363 to 6,951 stations, providing over ten million positioning services daily [12] - Companies such as Lida Xin and Hengtong Optoelectronics are making strategic moves, including share reductions and partnerships with research teams, while others like Ningde Times are progressing towards solid-state battery production by 2027 [14]

Core Viewpoint - *ST Zhengping's stock has experienced a significant increase of 221.93% from September 1, 2025, to November 18, 2025, leading to a serious deviation from its fundamentals and the overall market performance [2][4]. Group 1: Stock Performance and Trading Suspensions - The company announced a trading suspension starting November 19, 2025, due to abnormal stock trading activities, with an expected suspension period of no more than 10 trading days [4]. - The stock has hit the daily limit up for five consecutive trading days following its previous resumption, indicating potential irrational market behavior [4]. - The company has undergone multiple trading suspensions and reviews due to significant stock price fluctuations, raising concerns about market sentiment and speculative trading [4]. Group 2: Financial Performance and Risks - In 2024, the company reported a revenue of 1.362 billion and a net loss of 484 million, with a further loss of 99 million reported in the first three quarters of 2025 [5]. - The company faces a risk of delisting due to an inability to provide a clear audit opinion for its 2024 annual report and ongoing financial losses [5]. - The company has a high debt ratio of 92.49%, indicating significant financial strain and limited capacity for future investments [6]. Group 3: Business Operations and Future Prospects - *ST Zhengping is involved in infrastructure construction, cultural tourism, and non-ferrous metal mining, with efforts to expand into new energy and intelligent computing services [5]. - The company has obtained mining permits but faces challenges in resource extraction due to insufficient operational capacity and funding [6]. - The future development of mining resources is uncertain due to various factors, including funding limitations and market conditions [6].

| *ST正平 603843.5H 8.66 +4.97% LOCKED BELLE BECOUNTS OF | 公司公告 | | | | --- | --- | --- | --- | | 公告日期 | 标题 NATION SECTION COLLECTION COLLECTIVE POST STATUS CANADA CAST | 液晶 = = | 发布时间 | | 2025-11-19 | 62 正平股份关于股票交易风险提示登得障续壹的公告 | 停牌提示_风险提示 | 2025-11-18 18:32 | | 2025-11-12 | 行 正平股份关于股票交易停牌板盘燃票登复网的公告 | 修煉罐员 | 2025-11-11 17:33 | | 2025-10-29 | (2) 正平股份关于股票交易风险播示量得牌模量的公告 | 停增捷示_风险提示 | 2025-10-28 17:50 | | 2025-10-16 | m 正平服份关于股票交易停障板盘进票登货的公告 | 修購提示 | 2025-10-15 17:52 | | 2025-10-01 | (2) 正平股份关于股票交易风险提示量停建被查的公告 | ...