营收基本持平，精细化管理与多重收益助推净利润高增。2025 年前三季度，公司营业收入为11.50 亿 元，与去年同期基本持平，但归母净利润和扣非归母净利润分别达到2.11 亿元和1.98 亿元，同比增长 43.22%和29.85%；Q3 单季度实现营业收入4.05 亿元，同比增长9.89%，归母净利润0.97 亿元，同比增 长113.85%，业绩表现亮眼。利润增长主要得益于公司内部的提质增效和多项收益的贡献：（1）财务 状况改善：随着应收账款的收回，前三季度信用减值损失同比减少34.40%，同时财务费用同比下降。 （2）投资及其他收益增加：前三季度，中原前海基金公允价值变动带来1745 万元收益。 事件：公司发布2025 年三季度报告，2025 年前三季度，公司实现营业收入11.50 亿元，同比下降 0.67%；实现归母净利润2.11 亿元，同比增长43.22%。 核心观点： 牛磺酸大健康产业稳步推进，第二增长曲线雏形已现。公司积极布局以牛磺酸为核心的大健康新产业， 培育新业绩增长点。上游原料端，年产4 万吨的牛磺酸原料项目主体工程正在施工，该项目位于泉港石 化园区，在主要原料获取上具备显著的成本和安全优势。 ...

今年胡润百富榜包含了1434位个人财富50亿元人民币以上的企业家，10亿美金级企业家比去年增加268 位，至1021位。 据介绍，71岁的农夫山泉创始人钟睒睒财富增长1900亿元，以5300亿元第四次成为中国首富，并刷新了 中国首富的财富纪录。 在376位新面孔中，新人之首是老铺黄金的徐高明、徐东波父子，以695亿元财富跻身前100；其次是集 换式卡牌龙头卡游的李奇斌、齐燕夫妇，财富600亿元。 新人前十还包括智能影像设备企业影石34岁的刘靖康与其妻子潘瑶，财富385亿元。 此外，"奶茶"界知名品牌古茗、霸王茶姬和沪上阿姨成功上市，创始人39岁的王云安、30岁的张俊杰和 47岁的单卫钧与其妻子周蓉蓉分别以185亿元、135亿元和95亿元财富首次上榜。 "出乎很多人意料，今年胡润百富榜总人数几乎达到历史新高，很大程度上得益于股市的大幅回暖—— 上证指数、深证成指、恒生指数都比去年同期上涨了四五成。 今天（10月28日），2025胡润百富榜出榜，376位新面孔上榜。 "今年1400多位上榜企业家中，有六成十年前都没在榜单上，新面孔主要来自工业产品、大健康和消费 品行业，而落榜者主要来自房地产。"胡润集团董事长兼首 ...

虹桥国际中央商务区管委会党组书记、常务副主任孔福安表示，商务区提供覆盖全生命周期的总部支持 政策，支持鼓励引导总部企业不断拓展研发、销售、贸易、结算等功能，助力企业做大做强和国际化发 展。 会上，8个特色产业园区项目宣布启动建设，覆盖大健康、生物医药、人工智能、低空经济、科技服务 业、时尚设计等新兴赛道和未来产业。目前，商务区已集聚专精特新企业超700家、高新技术企业超 1300家。光伏储能、生物医药、新能源汽车等产业正呈现出集群式、全链条发展的强劲态势。(完) 来源：中国新闻网 编辑：张嘉怡 今年前8个月虹桥国际中央商务区实到外商投资额高位增长 中新网上海10月22日电 (谢梦圆)22日下午，记者从"潮涌浦江·投资虹桥"2025年度投资促进大会上获 悉，四年来，虹桥国际中央商务区进出口商品总额年均增长达37.3%。今年前8个月，该商务区实到外 商投资额实现高位增长，同比增长71.9%。 2024年该商务区地区生产总值达2002.43亿元，较"十三五"末增长67.4%；税收收入首次突破500亿元， 四年年均增长16.9%。这一强劲增长势头在今年得以延续。 今年以来，在外部环境多变的情况下，区域经济持续上扬。前 ...

【欧洲专线】中国—北欧经贸合作论坛期间签约逾千亿元 编辑：万可义 广告等商务合作，请点击这里 截至目前，湖北累计设立欧资企业775家，利用欧资40亿美元。众多跨国公司在湖北设立研发中心，瑞 典宜家等北欧龙头企业已在鄂设立区域触点或生产基地，带动上下游配套企业形成产业集群。 开幕式上，还举行了全球进口精品馆开馆仪式、中欧班列(武汉)北欧三国新线路首发仪式。 据了解，中国—北欧经贸合作论坛是中国首个也是目前唯一专门面向北欧国家的经贸合作长效机制，自 2018年以来已举办六届，为促进湖北省对欧交流、推动中国与北欧国家经贸合作发挥积极作用。(完) 来源：中国新闻网 中新社武汉10月15日电 (记者 梁婷)2025中国—北欧经贸合作论坛15日在武汉开幕。活动期间，湖北推 动69个项目签约，金额逾1000亿元人民币，涉及信息技术、大健康、制造业等领域。其中，12个重点项 目现场签约。 此次论坛由中国商务部和湖北省政府共同主办，以"支点湖北 智链全球"为主题，北欧国家驻华代表、 世界500强企业、境内外重点商协会代表与会。论坛还将举办新能源汽车、绿色能源、大健康等产业对 接活动，加强与欧洲国家的产业协同。 湖北与欧洲合作紧 ...

（原标题：专访曹慰德：发展蓝色经济，推动海洋工业脱碳转型｜首席气候官） 航运业如何突破传统燃油排放瓶颈实现可持续转型？源自中国的百年家族企业在航运绿色转型赛道上如何挖掘自身竞争力？围绕这些问题，曹宝 记（TPC）主席、音昱OCTAVE创始人曹慰德接受了21世纪经济报道记者的专访。 曹慰德表示，航运业的可持续与绿色环保变革难度较大，一方面需要几代人通过投资布局及企业内部治理优化推进转型；另一方面需要超越单一 技术环节，基于蓝色经济推动整个海洋工业体系转型。曹宝记（TPC）正从燃料技术、船舶效率、全球协作和海洋基金等多维度推动变革，而中 国市场的深度参与是关键。 除了航运主业的绿色转型，曹宝记（TPC）近年来持续扩大在华投资，覆盖新能源、大健康、农业科技等ESG相关领域。曹慰德对21世纪经济报 道记者强调，曹宝记（TPC）期待与中国市场深化政策沟通，希望获得更多针对跨国航运企业的绿色激励措施，进一步加大对华投资力度。 《21世纪》：曹宝记（TPC）在海事、工业领域已有百余年发展历史，作为第四代掌舵人，你见证了中国经济发展的哪些变化？ 曹慰德：我来到中国40多年里，见证了中国的发展。多年来，国际航运市场在不断变化， ...

澳门国际贸易投资展览会自1996年创办以来，已成为澳门年度国际经贸盛事，是澳门首个获得国际 展览业协会认证的专业展会。 新华社澳门10月9日电（记者刘刚、齐菲）记者9日从澳门特区政府招商投资促进局获悉，第三十届 澳门国际贸易投资展览会将于22至25日在澳门金光会展举行，参展参会国家及地区逾40个。 【纠错】 【责任编辑:刘子丫】 本届展会以"招商全球 商聚澳门"为主题，邀请广州市作为伙伴市，以创新思维丰富展会内涵，持 续深化澳门经贸平台功能。展会将举办超过50场经贸会议及论坛活动，包括区域合作论坛及专业会议， 全方位强化澳门作为区域性经贸平台的功能。同时，还将举办多场活动为客商搭建对接场景，持续提升 展会效益。 本届展会将与"第二届中国—葡语国家经贸博览会（澳门）""澳门国际品牌连锁加盟展2025"及"粤 港澳大湾区人才高质量发展大会"同期同场举行，实现资源叠加与效益最大化。 本届展会新设多个特色展馆，包括"机器人产业展馆"和"澳门大健康品牌出海馆"，精准对接澳 门"1+4"产业多元发展策略。展会划分5个展区，分别是"伙伴市主题展区""澳琴经贸展区""中国内地经 贸展区""澳门本地企业展销区"及"多元产业展区 ...

Core Viewpoint - Malaysian enterprises can leverage Hainan's policy advantages to enter the Chinese market, particularly in sectors such as tropical agriculture, food processing, tourism services, health, high technology, and cross-border e-commerce [1][2]. Group 1: Hainan Free Trade Port - The Hainan Free Trade Port will officially start its full island closure operation on December 18, 2025, allowing for the free and convenient flow of goods, capital, personnel, and data [1]. - The regulatory model post-closure will be "one line open, two lines controlled, and free movement within the island," enhancing efficiency and transparency for businesses [2]. Group 2: Opportunities for Malaysian Enterprises - The Malaysian Hainan General Chamber of Commerce aims to act as a bridge, encouraging more Malaysian businesses, especially young entrepreneurs, to explore opportunities in Hainan [2][3]. - There is a focus on promoting cultural and economic exchanges between Hainan and Malaysia, including joint tourism development and cultural interactions [2]. Group 3: Support for Investment - The chamber will widely promote Hainan's latest policies and opportunities to the Malaysian business community, enhancing the region's attractiveness in Southeast Asia [3]. - Services will be provided to assist Malaysians interested in investing back home, including information consulting and project coordination [3].

Group 1 - The Hainan Free Trade Port will officially start its full island closure operation on December 18 this year, opening up broader cooperation opportunities [1] - The Hainan Overseas Friendship Association serves as an important bridge to connect compatriots from Hong Kong, Macau, Taiwan, and overseas, playing a significant role in promoting the construction of the Free Trade Port [2] - The potential for business opportunities in Hainan is highlighted, with emphasis on the region being a platform for shared development benefits for Hainanese people worldwide [2][5] Group 2 - Malaysian enterprises can leverage Hainan's policy advantages in sectors such as tropical agriculture, food processing, tourism services, health, high technology, and cross-border e-commerce to access the vast Chinese market [5] - Thai enterprises possess unique advantages in agriculture, food, tourism, rubber, and automotive parts, which can complement Hainan's strategic advantages in policy, location, environment, and openness [5][7] - The closure of the Hainan Free Trade Port is viewed as the starting point for institutional innovation, with a call for attracting global vision enterprises to establish regional headquarters and R&D centers in Hainan [7]

Core Viewpoint - Shanghai Industrial Holdings (00363) is recognized as a stable growth stock in infrastructure and consumer sectors, attracting investor attention due to high dividends and low valuations [1] Financial Performance - For the first half of the year, the company reported revenue of HKD 9.476 billion and a net profit of HKD 1.042 billion, with infrastructure and consumer goods contributing significantly to the earnings [1] - The company announced an interim dividend of HKD 0.42 per share, with a payout ratio of 43.8% and a dividend yield of 6.4% [1] Business Segments - The infrastructure segment, which includes toll roads, water services, and clean energy, contributed 92% of the net profit, with toll roads being a major cash cow [2] - The consumer goods segment, including Nanyang Tobacco and Yongfa Printing, showed a revenue growth of 20.23% from 2023 to 2025, with a profit contribution of HKD 403 million, reflecting a 26% year-on-year increase [3][4] Strategic Moves - The company successfully exited from Yuefeng Environmental, recovering HKD 4 billion in cash, which was deemed the optimal choice for maximizing shareholder value [3] - The company is actively exploring new investment opportunities in the health sector and has a cash reserve of HKD 28.5 billion, indicating strong financial health [4][6] Financial Strength - The company has reduced its net debt ratio from 65.12% at the end of 2024 to 60.99%, with total interest-bearing debt decreasing to HKD 58.51 billion [6] - Operating cash flow for 2023 and 2024 is projected at HKD 4.355 billion and HKD 4.813 billion, respectively, allowing for a healthy investment cycle [6] Valuation Perspective - The company is considered undervalued, with a price-to-book (PB) ratio of 0.3 and a price-to-earnings (PE) ratio of 5.5, compared to higher averages in its sectors [7] - Despite a 98% increase in market value over the past three years, the company is still seen as having significant room for valuation recovery [8]

Core Viewpoint - Shanghai Industrial Holdings (00363) is recognized as a stable growth stock in infrastructure and consumer sectors, attracting investor attention due to its high dividends and low valuation [1] Financial Performance - The company reported a revenue of HKD 9.476 billion and a net profit of HKD 1.042 billion for the first half of the year, with infrastructure and consumer goods contributing significantly to the earnings [1] - The infrastructure and environmental protection sectors contributed a net profit of HKD 933 million and HKD 403 million, respectively [1] - The company announced an interim dividend of HKD 0.42 per share, with a payout ratio of 43.8% and a dividend yield of 6.4% [1] Business Segments - The infrastructure segment, which includes toll roads, water services, and clean energy, contributed 92% of the net profit, with toll roads being a major cash cow [2] - The toll road segment generated a net profit of HKD 548 million in the first half, while water services contributed HKD 344 million and HKD 120 million from two wastewater treatment businesses [2] - The consumer goods segment, including Nanyang Tobacco and Yongfa Printing, showed a revenue of HKD 1.9 billion, accounting for 20.05% of total revenue, with a profit contribution of HKD 403 million, reflecting a 26% year-on-year increase [3][4] Strategic Developments - The company exited its investment in Yuefeng Environmental, recovering HKD 4 billion in cash, which was deemed the optimal choice for maximizing shareholder value [3] - The company is focusing on expanding its presence in overseas markets for Nanyang Tobacco, with over 60% of revenue coming from international sales [4] - The company is exploring new growth opportunities in the health sector, with a significant cash reserve of HKD 28.5 billion available for investments [4][5] Financial Health - The company has improved its net debt ratio from 65.12% at the end of 2024 to 60.99%, with interest-bearing debt decreasing to HKD 58.51 billion [6] - The company reported operating cash flows of HKD 4.355 billion and HKD 4.813 billion for 2023 and 2024, respectively, resulting in a net inflow of HKD 9.168 billion [6] Valuation Insights - The company is considered undervalued, with a price-to-book (PB) ratio of 0.3, compared to 0.9 for the railway and road sectors [7] - The price-to-earnings (PE) ratio stands at 5.5, significantly lower than the industry averages, indicating potential for valuation recovery [7][8] - The company has consistently paid dividends, with a total of HKD 21.838 billion distributed since 2000, maintaining a high payout ratio even during challenging periods [7]