Core Viewpoint - MicroPulse has submitted its IPO application to the Hong Kong Stock Exchange, aiming to enhance its AI medical capabilities and expand its healthcare management ecosystem, while attracting more investors for long-term development [1] Financial Performance - MicroPulse has reported continuous losses over the past three years, with revenues of 5.12 billion, 6.28 billion, and 6.53 billion yuan for 2022, 2023, and 2024 respectively, and net losses of 4.14 billion, 1.50 billion, and 1.93 billion yuan for the same years [2] - The company's revenue is primarily derived from three segments: full-course management services (72% of revenue), medical health product sales (19.4%), and insurance brokerage services (8.6%) for 2024 [2] Business Strategy - MicroPulse has developed a clear strategy to achieve profitability, focusing on controlling operational costs, particularly in sales and distribution, and leveraging government policies and AI technology to streamline processes [3] - The company aims to create a sustainable and diversified revenue model by expanding into adjacent fields such as insurance brokerage and medical health product sales, enhancing patient engagement and lifetime value [3] Gross Margin Analysis - MicroPulse's gross margin has been below 20% for three consecutive years (17.2%, 18.9%, and 19.9% from 2022 to 2024), attributed to strategic pricing and the initial phase of its business layout [4] - The company believes that while low gross margins may impact short-term performance, they will lead to a more stable customer base and sustained revenue in the long run [4] Competitive Landscape - The digital health sector is competitive, with listed companies such as Beijing New Oxygen Technology, Alibaba Health, JD Health, and Dingdang Health, alongside numerous unlisted firms also entering the market [5] Market Potential - MicroPulse is seen to possess unique advantages and growth potential, with the IPO expected to provide additional funding to solidify its business layout and scale operations towards profitability [6]

行业估值方面，石油及天然气行业市盈率（TTM）平均值为-1.94倍，行业中值4.1倍。能源国际投资市 盈率8.04倍，行业排名第12位；其他珠江钢管（01938.HK）为0.95倍、CGII HLDGS（01940.HK）为4.1 倍、中国海洋石油-R（80883.HK）为5.78倍、中信资源（01205.HK）为5.83倍、中国海洋石油 （00883.HK）为5.9倍。 资料显示，能源国际投资控股有限公司主要业务为投资控股。本公司及其附属公司(统称为'本集团')之 主要业务包括:-油品及液体化工品码头,指经营租赁油品及液体化工品码头连同储存及物流设施以及提供 代理服务及买卖油品及液体化工品业务;及-保险经纪服务,指提供保险经纪服务业务。 6月26日，截至港股收盘，恒生指数下跌0.61%，报24325.4点。能源国际投资（00353.HK）收报0.44港 元/股，上涨8.64%，成交量354.84万股，成交额146.34万港元，振幅12.35%。 最近一个月来，能源国际投资累计跌幅13.83%，今年来累计跌幅15.62%，跑输恒生指数22.01%的涨 幅。 财务数据显示，截至2024年9月30日，能源国际投资 ...

Core Viewpoint - China's aerospace industry has achieved a significant breakthrough with the successful launch of the electromagnetic monitoring satellite "Zhang Heng No. 1" 02, marking a key step in high-precision satellite observation of geophysical fields [1] Group 1: Company Overview - Jiangtai Insurance Brokerage Co., Ltd. organized 10 domestic insurance companies to jointly underwrite launch insurance, satellite in-orbit insurance, and third-party liability insurance for the successful launch of the satellite [1] - Established in June 2000, Jiangtai Insurance Brokerage is the first insurance brokerage company in China and has been dedicated to aerospace insurance since its inception, celebrating 25 years of service [1][2] Group 2: Industry Development - Jiangtai Insurance Brokerage has provided insurance brokerage services for over 200 domestic commercial aerospace insurance projects, including various types of satellites and launch vehicles, and has participated in more than 500 international aerospace projects [2] - The company has played a crucial role in narrowing the gap between the domestic aerospace insurance market and the international market, enhancing underwriting capabilities and optimizing underwriting conditions [2] Group 3: Future Direction - The chairman of Jiangtai Insurance Brokerage emphasized the company's commitment to supporting small and medium-sized technology enterprises and its focus on innovation and customer-centric services [3] - The company aims to continue its high-quality development by adhering to a risk-based approach and integrating industry with ecological service models to contribute positively to social governance and economic development [3]

资料显示，能源国际投资控股有限公司主要业务为投资控股。本公司及其附属公司(统称为'本集团')之 主要业务包括:-油品及液体化工品码头,指经营租赁油品及液体化工品码头连同储存及物流设施以及提供 代理服务及买卖油品及液体化工品业务;及-保险经纪服务,指提供保险经纪服务业务。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 财务数据显示，截至2024年9月30日，能源国际投资实现营业总收入6640.6万元，同比减少52.83%；归 母净利润1883.03万元，同比增长13.34%；毛利率92.25%，资产负债率35.49%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，石油及天然气行业市盈率（TTM）平均值为-5.71倍，行业中值4.02倍。能源国际投资市 盈率8.43倍，行业排名第15位；其他珠江钢管（01938.HK）为0.86倍、CGII HLDGS（01940.HK）为 4.02倍、域高国际控股（01621.HK）为4.84倍、中信资源（01205.HK）为5.01倍、交运燃气 （01407.HK）为5.23倍。 6月3日，截至港股收盘，恒生指数上涨 ...

本报记者 蒋牧云 李晖 上海、北京报道 近日，数字化保险经纪致保科技（ZBAO.O）发布了截至2024年12月31日的2025财年上半年年报。数据 显示，报告期内公司营业收入达1.464亿元人民币，同比增长73.7%，营业利润较上年同期增加1218万 元。 在采访中，致保科技董事长马波涛告诉《中国经营报》记者，2B2C（"to-business to-customer"）市场未 来的增长点，一方面在于进一步挖缺细分场景中的保险需求，另一方面，产品种类的拓展亦是其增长点 之一。 记者注意到，致保科技在拓展海外市场。有业内人士向记者表示，东南亚作为当前金融科技企业出海的 主要集中地，由于人文、用户需求等与我国类似，数字化能力却较弱，确实有较大市场空间。但需要注 意的是，国际业务始终面临当地监管的合规风险，以及与当地机构竞争的复杂性。 收入增长叠加支出减少 根据财报介绍，致保科技主要提供数字保险经纪服务，以2B2C数字嵌入式保险作为商业模式，通过数 字保险经纪平台提供服务。目前，致保科技开发了40 多种数字保险解决方案，适用于旅游、体育、物 流、公用事业和电子商务等多个场景。 具体而言，报告期内致保科技的总收入较2 ...

行业估值方面，石油及天然气行业市盈率（TTM）平均值为33.54倍，行业中值5.28倍。能源国际投资 市盈率8.04倍，行业排名第14位；其他珠江钢管（01938.HK）为0.87倍、CGII HLDGS（01940.HK）为 4.1倍、中信资源（01205.HK）为5.01倍、交运燃气（01407.HK）为5.02倍、域高国际控股 （01621.HK）为5.54倍。 资料显示，能源国际投资控股有限公司主要业务为投资控股。本公司及其附属公司(统称为'本集团')之 主要业务包括:-油品及液体化工品码头,指经营租赁油品及液体化工品码头连同储存及物流设施以及提供 代理服务及买卖油品及液体化工品业务;及-保险经纪服务,指提供保险经纪服务业务。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 来源：金融界 最近一个月来，能源国际投资累计涨幅14.08%，今年来累计跌幅15.62%，跑输恒生指数15.25%的涨 幅。 财务数据显示，截至2024年9月30日，能源国际投资实现营业总收入6640.6万元，同比减少52.83%；归 母净利润1883.03万元，同比增长13.34%；毛利率92 ...