Group 1 - In 2024, listed companies in China achieved a total revenue of 71.98 trillion yuan and a net profit of 5.22 trillion yuan [2] - The national property market in China recorded a total transaction volume of 25.42 trillion yuan, with a year-on-year growth of 0.16% [3] - The property market completed over 1.13 million transactions, with a total transaction value of approximately 25.42 trillion yuan [5] Group 2 - The 137th Canton Fair reported an export intention transaction amount of 25.44 billion USD, with over 60% of transactions involving countries along the Belt and Road Initiative [6] - In the first quarter of 2024, China's software and information technology service industry generated a revenue of 31.48 billion yuan, reflecting a year-on-year growth of 10.6% [7] - The logistics price index for China's road transport rose by 2.09% year-on-year in April, indicating a slight increase in transportation demand [8] Group 3 - The Western Land-Sea New Corridor has transported over 500,000 TEUs of goods this year, marking a year-on-year increase of 71.6% [11] - The 27th Beijing Science and Technology Expo showcased over 1,200 technological innovation achievements, attracting participation from over 800 domestic and foreign technology enterprises [12] - The first pumped storage power station on the Yellow River, located in Ningxia, has commenced construction, with a total installed capacity of 1 million kilowatts [13]

淮河能源百亿资产重组！ 陈家运 中国经 本报记者 陈家运 北京报道 在深化国企改革与能源结构调整的背景下，国资上市平台资产整合提速。 4月21日晚间，淮河能源（600575.SH）披露重大资产重组草案，公司拟斥资116.94亿元，通过发行股份及支付现金的方式，收购控股股东淮南矿业持有的淮河能源电力集团有限责任公司（以 中国企业研究院首席研究员李锦在接受《中国经营报》记者采访时表示，当前，资源重组和经济布局结构调整已成为国企改革的主要方向。长期以来，国企在发展过程中存在的机制化、同质化简 根据淮河能源披露的上述草案，公司计划通过发行股份及支付现金方式收购淮河电力89.3%股权，交易对价为116.94亿元。其中，股份对价约99.40亿元，现金对价约17.54亿元。发行股份的 从股权结构来看，淮河能源控股股东淮南矿业直接持有其56.61%的股份，控股股东一致行动人上海淮矿直接持有淮河能源6.66%的股份。淮南矿业及其一致行动人合计直接持有淮河能源63.27 淮河能源作为淮南矿业下属重要的能源平台，业务主要聚焦在火力发电、售电、铁路运输及配煤等领域。而此次交易的标的淮河电力，主营业务涉及火力发电、新能源发电，并且旗下 ...

Group 1 - Major engineering projects continue construction during the "May Day" holiday across multiple regions [1] - In Xinjiang Kunyu, a land development project covering 73,800 acres has entered a critical phase with heavy machinery actively working [4][2] - In Guizhou, nearly 500 construction workers are accelerating the construction of the Anshun to Panzhou section of the Hukun National Expressway, expected to be completed by the end of 2026 [7][5] Group 2 - Over 2,300 railway builders are intensively working on the Fuzhou port railway, with 70% of the earthworks completed [10][8] - In Sichuan, the construction of the Jinsha River to Hubei UHV project is in a sprint phase, expected to be operational within the year, with a capacity to deliver 40 billion kilowatt-hours annually [13][11] - In Jiangsu, the 500 kV transmission line project related to the Guoxin Jiangyin Power Plant expansion is progressing rapidly, expected to deliver 10 billion kilowatt-hours to the grid annually [15][14]

北京时间 5 月 3日 晚上 9点 ，伯克希尔 ·哈撒韦股东大会将在奥马哈拉开帷幕。 今年 主席台上 跟 沃伦 ·巴菲特 一道的仍然是 格雷格 ·阿贝尔（Greg Abel） 以及 阿吉特 ·贾恩 （Ajit Jain） ，尤其是作为继任者的阿贝尔将陪同坐满全程。 202 0 年 5月1日的股东大会 ， 由于新冠疫情影响，以线上形式举行， 而 阿贝尔和 贾恩 分别代表非 保险和保险业务，首次与巴菲特共同参与问答环节 。 自查理 ·芒格在2023年11月离世后，伯克希尔经历了第一个没有芒格的年度大会（2024年），阿贝尔 则 以 继任者 身份 坐在了巴菲特的左手边位置。 在今年 2月的 股东信中，巴菲特 数 次 、专程 提到阿贝尔。 在讨论伯克希尔的资本配置时，巴菲特赞扬阿贝尔在股票和子公司投资方面展现出的 跟芒格相似的 等 待耐心，在机会来临时能大刀阔斧地果断出手。 巴菲特 在提及对于 日本 五大商社 投资 时 写道： "随着时间的推移，我们对这些公司的欣赏之情不断 加深。格雷格与他们多次会面，我也定期关注他们的进展。我预计格雷格和他的继任者将持有这部分日 本投资数十年。" 巴菲特提醒我们，伯克希尔的 10- ...

Core Viewpoint - The company, Guodian NARI (国电南瑞), is experiencing steady growth in its operating performance as it continues to enhance its industrial layout amid the accelerating energy transition [2][4]. Financial Performance - In 2024, Guodian NARI achieved operating revenue of 57.417 billion yuan, a year-on-year increase of 11.15% [4][5]. - The net profit attributable to shareholders reached 7.610 billion yuan, up 6.06% year-on-year, while the net profit excluding non-recurring items was 7.389 billion yuan, growing by 11.14% [2][4]. - As of the end of 2024, the company had an order backlog of 50.697 billion yuan, with new orders signed in 2024 amounting to 29.006 billion yuan [3][6]. Business Segments - Guodian NARI focuses on four major industrial clusters: smart grid, digital energy integration, low-carbon energy, and industrial interconnection [3][8]. - In 2024, the revenue from these segments was as follows: smart grid 28.468 billion yuan, digital energy integration 12.365 billion yuan, low-carbon energy 12.185 billion yuan, and industrial interconnection 2.867 billion yuan [8][9]. R&D and Innovation - The company invested 4.032 billion yuan in R&D in 2024, representing 7.02% of its operating revenue, an increase of 0.29 percentage points year-on-year [9]. - Guodian NARI has made significant advancements in technology, including the establishment of four international standards and the issuance of seven national industry standards in 2024 [9]. Dividend Policy - In 2024, Guodian NARI increased its dividend distribution, with a total cash dividend of 4.565 billion yuan, which is approximately 65% of its net profit [7][9]. - The company plans to distribute a maximum of 40% of its net profit as cash dividends in the first half of 2025, contingent on positive net profit [7].

Financial Performance - In 2024, the company achieved revenue of approximately CNY 550 million, a year-on-year increase of 20.50% [1] - The net profit attributable to shareholders was CNY 93.59 million, up 11.09% year-on-year [1] - In Q1 2025, revenue reached approximately CNY 145 million, a growth of 40.14% [1] - The net profit attributable to shareholders in Q1 2025 was CNY 16.61 million, increasing by 34.58% [1] Business Segments Power Prediction Services - By the end of 2024, the company served 4,345 power station clients, a net increase of 755 clients, representing a growth rate of 21.03% [2] - Revenue from power prediction services in 2024 was CNY 309 million, accounting for 56.29% of total revenue, with a gross margin close to 70% [2] - Equipment revenue for power prediction was CNY 78.73 million, up 23% year-on-year [2] Smart Grid Control - The smart grid control business generated approximately CNY 124 million in revenue in 2024, a growth of 28.01%, representing 22.55% of total revenue [3] Innovative Business Development - The innovative business segment achieved revenue of CNY 30.81 million in 2024, a year-on-year increase of 24% [5] - R&D investment in 2024 totaled CNY 95.33 million, accounting for 17.34% of total revenue [5] Market Trends and Policies - In Q1 2025, the total installed capacity of wind and solar power in China increased by 74.33 million kW, a year-on-year growth of over 20% [12] - The company anticipates that the new energy sector will maintain a favorable operating environment in 2025, with an expected addition of 200 million kW of wind and solar capacity nationwide [12] Shareholder Returns - The board proposed a profit distribution plan for 2024, which includes a cash dividend of CNY 4.70 per 10 shares and a bonus share issue of 2 shares for every 10 shares held, totaling nearly CNY 47 million in cash dividends [6] Future Outlook - The company plans to enhance its product offerings in the distributed photovoltaic market, focusing on power prediction systems and integrated solutions for energy management [9][10] - The introduction of the "Kuangming" AI model is expected to improve prediction accuracy and enhance the company's market share in power prediction services [20]

活动伊始，中欧国际工商学院管理学教授、中欧家族传承研究中心联合主任李秀娟带来主题演讲《她领 导力》。李秀娟认为，当女性逐渐走上职场舞台的正中央，担当领导者角色时，应该学会刚柔相济并运 用好自身的性别与能力优势，在不同阶段修炼不同的"领导力功课"，才能构筑自身的核心竞争力。 以下为演讲内容，经创业邦整理后发布。 困境：当"领导角色"与 "女性身份"正面交锋 作为这次榜单的评委，看到那些女性创业者和企业家的资料时，我心里真是感慨——中国真的是人才济 济。她们身上有三个特别鲜明的标签：高教育、高学识、高智慧。90%都是硕博学历，在各自行业里都是 响当当的精英，而最让我敬佩的，是她们那份"高勇气"。说实话，让我去创业我可能没那个胆子，但她 们敢从零开始打造自己的商业版图，这份胆识真的让人钦佩。 4月17日，创业邦2025璀璨女性影响力大会在北京举办，来自投资、科创、跨界领域的杰出女性共聚一 堂，分享洞察与商业科创实践，以热爱为炬，激励更多商业女性勇敢探索人生新篇章。 我在中欧国际工商学院教女性领导力课程，也见证了一个特别明显的变化：早年EMBA班里女性只占10% 多，现在快40%了，MBA和FMBA项目里女生更是占到 ...

星标 ★ IPO日报 精彩文章第一时间推送 近日，昇辉智能科技股份有限公司（下称"昇辉科技"，300423.SZ）披露公告称， 公司拟通过发行股份及支付现金方式购买 赫普 能源环境科技股份有限公司（以下简称"赫普能源"）控制权， 并募集配套资金。 昇辉科技表示，本次交易事项尚处于筹划阶段，初步确定的交易对方为赫普绿色储能技术（北京）有限公司、赫普蓝天节能技术服务 （北京）有限公司、赫普阳光新能源技术服务（北京）有限公司、赫普智慧（景宁）能源技术开发有限公司。 本次交易预计构成重大资产重组，不构成重组上市。 制图：佘诗婕 曾筹划IPO 值得一提的是，赫普能源在2020年也曾筹划过独立IPO，但未果。 此外，2021年，A股公司西子洁能（原杭锅股份，002534.SZ）还曾披露过拟通过受让股份及增资的方式取得赫普能源51%股权。彼时赫 普能源整体投前估值不超过30亿元。 根据彼时的公告，2020年以及2021年上半年，赫普能源的收入分别为2.96亿元、1.48亿元，归母净利润分别为9696.22万元、7461.5万 元。 但上述交易并未成功。 此后，经各方协商，最终确定赫普能源整体交易估值为13.6亿元，交易方案 ...

星标 ★ IPO日报 精彩文章第一时间推送 近期，浙江老牌房企卧龙资源集团股份有限公司（600173.SH）（下称"卧龙地产"、"上市公司"）发布一则重大资产出售公告，引发市场高度关 注。 公告显示，卧龙地产主要从事房地产开发与销售业务和矿产贸易业务，此次拟将持有上海卧龙矿业有限公司（下称"上海矿业"、"标的公司"）90%股权出 售给间接控股股东卧龙控股集团有限公司。 出售后，公司将彻底剥离矿业贸易业务，同时解决与浙江卧龙矿业的同业竞争问题。 这场涉及关联交易的重组动作，宣告公司三年跨界尝试的终结。 值得一提的是，截至4月16日收盘，上市公司股价报收6.41元/股，相较于年初3.95元/股的股价，公司股价年内涨幅超60%，市值达到44.87亿元。 制图：佘诗婕 剥离七成营收业务 卧龙地产在二级市场的受欢迎与其基本面反差可谓鲜明。 数据显示，2024年，卧龙地产全年营业收入为36.11亿元，2023年营收规模为47.56亿元，同比下滑24%；同期，归母净利润为0.41亿元，2023年为1.64亿 元，同比下滑75%。 值得一提的是，上市公司归母净利润已经连续6年下滑，2018年该值为5.77亿元，2024年对比 ...