每经AI快讯，越秀资本（SZ 000987，收盘价：7.94元）10月10日晚间发布业绩预告，预计2025年前三 季度归属于上市公司股东的净利润约29.22亿元~30.94亿元，同比增长70%~80%；基本每股收益0.5808元 ~0.6152元。业绩变动主要原因是，2025年前三季度，公司积极把握资本市场稳健发展机遇，投资业务 收益实现同比提升；同时，新能源业务发电量随装机容量持续增长，经营效益不断提升，公司绿色转型 成效显著。 2025年1至6月份，越秀资本的营业收入构成为：新能源业务占比43.76%，期货经纪业务占比27.38%， 融资租赁业务占比23.45%，不良资产管理业务占比4.68%，投资管理业务占比1.55%。 截至发稿，越秀资本市值为398亿元。 每经头条（nbdtoutiao）——天水麻辣烫、淄博烧烤、荣昌卤鹅⋯⋯"泼天流量"退去后，这些城市怎么 样了？ （记者 张明双） ...

Core Viewpoint - Yuexiu Capital's stock price has shown fluctuations, with a year-to-date increase of 8.60% but a recent decline over the past five and twenty trading days, indicating potential volatility in investor sentiment [2]. Company Overview - Yuexiu Capital Holdings Limited, established on December 24, 1992, and listed on July 18, 2000, is based in Guangzhou, Guangdong Province. The company specializes in distressed asset management, financing leasing, private equity fund management, and capital investment [2]. - The revenue composition of Yuexiu Capital includes: 43.40% from new energy business, 27.16% from futures business, 23.26% from financing leasing, 4.65% from distressed asset management, and 1.53% from investment management [2]. Financial Performance - For the first half of 2025, Yuexiu Capital reported operating revenue of 5.537 billion yuan, a year-on-year decrease of 17.94%. However, the net profit attributable to shareholders increased by 53.40% to 1.558 billion yuan [2]. - The company has distributed a total of 6.786 billion yuan in dividends since its A-share listing, with 2.556 billion yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Yuexiu Capital was 66,400, a decrease of 0.83% from the previous period. The average circulating shares per person increased by 0.84% to 75,466 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 82.3673 million shares, an increase of 13.3955 million shares from the previous period. Southern CSI 500 ETF ranks as the ninth largest shareholder with 22.5071 million shares, up by 3.2052 million shares [3].

瑞银发表研究报告指，中国信达发布今年上半年财报后，更新对该公司的预测，将其今明两年每股盈利 预估分别下调53%和60%，重申对该股的"中性"评级，并将12个月目标价从1.45港元降至1.42港元。瑞 银表示，中国信达的核心不良资产管理业务仍是其营运的主要拖累，受市场情绪疲弱导致处置周转不理 想以及持续的资产质量风险影响。根据公司管理层指引，现有业务的资产质量风险可能仍需一年时间消 化。瑞银预测中国信达净利润将从2026年起恢复温和增长，主要得益于资产质量的稳定。 ...

瑞银表示，中国信达的核心不良资产管理业务仍是其营运的主要拖累，受市场情绪疲弱导致处置周转不 理想以及持续的资产质量风险影响。根据公司管理层指引，现有业务的资产质量风险可能仍需一年时间 消化。瑞银预测中国信达净利润将从2026年起恢复温和增长，主要得益于资产质量的稳定。 智通财经APP获悉，瑞银发布研报称，中国信达(01359)发布今年上半年财报后，更新对该公司的预测， 将其今明两年每股盈利预估分别下调53%和60%，重申对该股票的"中性"评级，并将12个月目标价略下 调，从1.45港元降至1.42港元，隐含2026年预估市净率0.31倍。 ...

Group 1 - Wu Yonggao has resigned from the position of employee representative director at Yuexiu Capital due to work adjustments, but will continue to serve as the company's deputy general manager, board secretary, and financial director [1] - The revenue composition of Yuexiu Capital for the year 2024 is as follows: futures brokerage business accounts for 44.6%, financing leasing business for 24.54%, new energy business for 23.19%, non-performing asset management business for 6.89%, and investment management business for 1.34% [1] - As of the report date, Yuexiu Capital has a market capitalization of 37.7 billion [1]

Core Viewpoint - Hebei Asset Management Co., Ltd. has submitted its initial public offering (IPO) application to list on the Hong Kong Stock Exchange, marking the first attempt by a local Asset Management Company (AMC) to go public in Hong Kong [1][12]. Group 1: Company Overview - Hebei Asset was established on November 24, 2015, and is the only local AMC in Hebei province authorized to acquire and manage non-performing financial assets [2]. - The company is under the supervision of the Hebei Provincial Financial Management Bureau and has a unique policy advantage as the only licensed local AMC in the province [2]. - As of the end of 2024, Hebei Asset's total assets are valued at 7.556 billion RMB, with a debt of 5.039 billion RMB, resulting in a debt-to-asset ratio of approximately 66.69% [2]. Group 2: Financial Performance - Hebei Asset's revenue from non-performing asset management has shown significant volatility, with a 130% year-on-year increase in 2024, reaching 512 million RMB, while in 2023, the revenue was only 222 million RMB, a 48% decline [7]. - The company reported a profit of 204 million RMB in 2024, recovering from a loss of 145 million RMB in 2023 [8]. - The revenue breakdown for 2024 indicates that 86.2% came from the disposal of non-performing assets, while restructuring and consulting services contributed 13.7% and 0.1%, respectively [4][5]. Group 3: Market Position and Industry Context - Hebei Asset holds a 24.4% market share in the local non-performing asset management sector, ranking second in the province, and a leading 47.2% market share in acquiring non-performing assets from small and medium-sized banks [2]. - The market size for non-performing asset management in Hebei province is projected to grow from approximately 222.2 billion RMB in 2024 to 322 billion RMB by 2029, with a compound annual growth rate of 7.7% [3]. - The company aims to leverage its first-mover advantage and professional expertise to support high-quality economic development in Hebei province [3].