公司估计，假设超额配股权未获行使及发售价为每股H股12.5港元(即本招股章程所列指示性发售价范围 的中位数)，公司将收取的全球发售所得款项净额约为2.048亿港元。假设发售价为发售价范围的中位 数，公司拟将全球发售所得款项净额用作以下用途：约25.0%将用于完善和升级数字系统和平台；约 25.0%将用于推进公司的海外扩张战略；约20.0%将用于扩展公司全国范围内的服务网络；约20.0%将用 于通过收购将公司服务的应用场景拓展至其他下游行业；约10.0%将用于一般企业用途和营运资金。 格隆汇2月27日丨优乐赛共享(02649.HK)发布公告，公司拟全球发售2033.6万股H股，中国香港发售股份 203.4万股，国际发售股份1830.2万股(以上可予重新分配和视乎超额配股权行使与否而定)；2026年2月 27日至3月4日招股，预期定价日为3月5日；发售价将为每股发售股份11.0-14.0港元，H股的每手买卖单 位将为500股，中信建投国际为独家保荐人；预期H股将于2026年3月9日开始于联交所买卖。 公司是中国循环包装服务提供商，主要专注于为汽车行业内的汽车零部件制造商及OEM提供服务。公 司主要提供共享运营，这 ...

来源：活报告 2026年2月24日，优乐赛通过港交所聆讯，拟在香港主板上市，独家保荐人为中信建投国际。 公司是中国循环包装服务提供商，2024年收入8.38亿元，净利润0.51亿元，毛利率21.98%。2025年前8 月收入5.33亿元，净利润0.27亿元，毛利率20.85%。2025年前8月公司收入与毛利增长稳健。 LiveReport获悉，优乐赛是中国循环包装服务提供商，主要专注于为汽车行业内的汽车零部件制造商及 OEM提供服务。 公司主要提供共享运营，这是一种共享模式，根据这一模式，公司为客户管理托盘、板条箱或容器等循 环包装，代表客户处理循环包装的储存以及配送及退货（主要通过分包的第三方物流服务提供商进 行）、清洁和维护。除了共享运营，公司还为倾向于自主管理循环包装的客户提供租赁服务、提供仓储 管理和客户自有容器管理等增值服务、同时也将容器出售予可独立管理容器的客户。 （3）其他增值服务：公司的其他增值服务包括但不限于物流运输、仓储管理、客户自有容器管理及该 等服务的任意组合，为客户提供全面的解决方案。 容器销售：公司的容器销售业务以具有物流能力和采购需求的客户为目标，直接向彼等供应公司的产 品，当中 ...

当官发财两条道。从查处的案例看，少数党员干部既想当官又想发财，隐身幕后以亲属等人名义违规从 事营利活动。执纪执法实践中，对于党员干部在多次违规经商办企业后，既有盈利的，也有亏损的，如 何确定违纪所得数额，容易存在不同认识；同时，其因担心被查处，长期对组织隐瞒不报自己违规从事 营利活动的行为，对此，应认定为违反廉洁纪律的一个违纪行为，还是认定为违反廉洁纪律和违反组织 纪律两个违纪行为，也容易存在不同认识。笔者结合一起案例进行分析。 本案中，张某先后三次违规从事营利活动，无论盈亏与否均违反廉洁纪律，第一次盈利150万元，第二 次亏损60万元，第三次亏损80万元，不能对上述有盈有亏的违纪行为总体计算盈亏以认定违纪所得，这 样操作不仅不符合违纪所得的概念和范围，也违反了全面收缴违纪违法所得的原则。对此类情形，应按 照违反廉洁纪律的具体行为，分别认定其第一次违纪行为的违纪所得为150万元，并予以收缴；后两次 违纪行为因亏损未产生违纪所得，对该亏损部分亦不应从前一违纪行为的所得中予以扣减。如此不仅能 够依规依纪依法处置被审查人违纪所得财物，发挥惩戒作用，同时也体现了不让违纪违法者因其违纪违 法行为得利的原则。 其次，对张 ...

据港交所2月24日披露，苏州优乐赛共享服务股份有限公司(简称：优乐赛)通过港交所主板上市聆讯， 中信建投（601066）国际为其独家保荐人。根据弗若斯特沙利文的资料，按2024年收入计，优乐赛是中 国循环包装服务第二大提供商，市场份额为1.5%且是中国汽车共享运营服务市场的最大提供商，市场 份额为8.2%。 招股书显示，优乐赛是中国循环包装服务提供商，主要专注于为汽车行业内的汽车零部件制造商及 OEM提供服务。 优乐赛主要提供共享运营，这是一种共享模式，根据这一模式，公司为客户管理托盘、板条箱或容器等 循环包装，代表客户处理循环包装的储存以及配送及退货(主要通过分包的第三方物流服务提供商进 行)、清洁和维护。除了共享运营，公司还为倾向于自主管理循环包装的客户提供租赁服务、提供仓储 管理和客户自有容器管理等增值服务、同时也将容器出售予可独立管理容器的客户。 优乐赛经营两个核心业务分部：容器服务和容器销售，而公司大部分收入来自容器服务分部的共享运营 服务。 容器服务是公司运营的核心，涵盖共享运营服务、租赁服务及其他增值服务。共享运营服务提供标准化 循环容器从设计、分发、回收到维护的全方位解决方案。客户可按需借用和 ...

智通财经APP获悉，据港交所2月24日披露，苏州优乐赛共享服务股份有限公司(简称：优乐赛)通过港交 所主板上市聆讯，中信建投国际为其独家保荐人。根据弗若斯特沙利文的资料，按2024年收入计，优乐 赛是中国循环包装服务第二大提供商，市场份额为1.5%且是中国汽车共享运营服务市场的最大提供 商，市场份额为8.2%。 招股书显示，优乐赛是中国循环包装服务提供商，主要专注于为汽车行业内的汽车零部件制造商及 OEM提供服务。 优乐赛主要提供共享运营，这是一种共享模式，根据这一模式，公司为客户管理托盘、板条箱或容器等 循环包装，代表客户处理循环包装的储存以及配送及退货(主要通过分包的第三方物流服务提供商进 行)、清洁和维护。除了共享运营，公司还为倾向于自主管理循环包装的客户提供租赁服务、提供仓储 管理和客户自有容器管理等增值服务、同时也将容器出售予可独立管理容器的客户。 优乐赛经营两个核心业务分部：容器服务和容器销售，而公司大部分收入来自容器服务分部的共享运营 服务。 容器服务是公司运营的核心，涵盖共享运营服务、租赁服务及其他增值服务。共享运营服务提供标准化 循环容器从设计、分发、回收到维护的全方位解决方案。客户可按需借 ...

Financial Data and Key Metrics Changes - The company reported GAAP net income of $68.3 million and AFFO of $99.7 million for Q4 2025 [3][4] - AFFO per share totaled $0.49, representing a 9% increase compared to Q4 2024 [14] - The company increased its 2026 AFFO per share guidance range to $1.99-$2.04, implying a growth rate of about 7% at the midpoint and 8% at the high end [6][17] Business Line Data and Key Metrics Changes - The company executed $296 million in investments during Q4 2025, with an average initial cash yield of 7.7% and a GAAP yield of 9.1% [5][11] - Same-store rent growth was 1.6%, with occupancy at 99.7% and a robust rent coverage of 3.6 times [6][8] - Disposed of 19 properties for $48.1 million at a 6.9% weighted average cash yield, reducing exposure to the car wash industry to 13.7% [9][10] Market Data and Key Metrics Changes - The company ended the quarter with investments in 2,300 properties leased to over 400 tenants, maintaining a weighted average lease term of approximately 14 years [7] - Tenant concentration declined, with the top 10 tenants comprising only 16.5% of ABR [10] Company Strategy and Development Direction - The company continues to focus on middle-market operators and has established a dominant position as a real estate capital provider [4] - The investment strategy remains differentiated, sourcing 85% of investments through existing relationships while adding new operator relationships [5] - The company expects modest cap rate compression in the latter half of 2026, with competition stabilizing [7][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the health of the portfolio, citing better-than-expected credit trends and a strong investment pipeline [21][22] - The company anticipates that the stabilization in competition will help drive earnings without changing its investment strategy [24][25] - Management noted that the current macro environment has not materially shifted their underwriting approach [82] Other Important Information - The company declared a cash dividend of $0.31 in Q4 2025, resulting in an AFFO payout ratio of 63% [15] - Retained free cash flow after dividends reached nearly $40 million in Q4 2025, providing a source of internally generated capital for future growth [16] Q&A Session Summary Question: Changes in guidance range - Management noted that the guidance range was adjusted due to better-than-expected portfolio credit trends and same-store rent growth [21][22] Question: Impact of competition stabilization - Management clarified that stabilization in competition has resulted in a slower decrease in cap rates, which is beneficial for earnings [24][25] Question: Acquisition trends and drivers - Management indicated that the strong start to the year in acquisitions was partly due to deal slippage from Q4, but emphasized that it is still early in the year [31][32] Question: Portfolio credit events - Management confirmed that the only notable credit event was related to American Signature, which is expected to recover within normal ranges [36][37] Question: Dividend growth expectations - Management stated that while they expect dividends to grow, the decision will ultimately be made by the board [39][40] Question: Cap rate stabilization across industries - Management confirmed that cap rate stabilization is observed across all industries they invest in, with no significant deviations [32][33] Question: Future investment pipeline - Management expressed confidence in the investment pipeline, indicating that the opportunity set is not a constraint for future growth [96]

Core Viewpoint - A new company, Handan Jinan New District Fangxin Labor Service Co., Ltd., has been established with a registered capital of 2 million RMB, fully owned by Handan Jinan Industrial Development Group Co., Ltd. [1] Company Information - Company Name: Handan Jinan New District Fangxin Labor Service Co., Ltd. [1] - Legal Representative: Zhang Wenfeng [1] - Registered Capital: 2 million RMB [1] - Shareholder: Handan Jinan Industrial Development Group Co., Ltd. holds 100% [1] - Company Type: Limited liability company (wholly owned by a legal entity) [1] - Business Scope: Includes labor services (excluding labor dispatch), human resources services (excluding vocational intermediary activities and labor dispatch services), construction machinery and equipment leasing, engineering management services, and professional cleaning services [1] Operational Details - Business Address: Ecological Green Port B-204, Matao Town, Handan City, Jinan New District, Hebei Province [1] - Business Duration: From February 10, 2026, to an indefinite period [1] - Registration Authority: Jinan New District Market Supervision Administration [1]

Group 1 - The Tianjin Financial Regulatory Bureau approved the appointment of Li Zengxin as the Vice President of Minsheng Financial Leasing Co., Ltd. [2] - Prior to this approval, Li Zengxin had already appeared in public activities as a member of the Party Committee of Minsheng Financial Leasing [3] - In December 2025, Minsheng Financial Leasing, in collaboration with the Zhengzhou branch of Minsheng Bank, hosted an event themed "Building Foundations of the Great River, Renewing Equipment," where Li Zengxin stated that the company had established partnerships with over 440 manufacturing enterprises, facilitating financing for 15,000 pieces of equipment to assist in equipment upgrades for manufacturing companies in Henan Province [4] Group 2 - Earlier, in July 2023, the Ningxia Banking and Insurance Regulatory Bureau approved Li Zengxin's appointment as the Vice President of the Yinchuan branch of Minsheng Bank [4]

Core Viewpoint - China General Nuclear Power Group (CGN) has established a new company, China General Nuclear New Energy (Changning) Co., Ltd., focusing on renewable energy generation and services, particularly in wind and solar power [1][2]. Group 1: Company Overview - The new company was founded on December 26, 2025, and is located in Tianyuan Town, Changning County, Baoshan City, Yunnan Province [1]. - The legal representative of the company is Pu Zhiyong, and its business scope includes power generation, transmission, and distribution services, as well as technical services for wind and solar power and energy storage [1]. Group 2: Shareholder Information - The company is a joint venture between CGN's subsidiary, China General Nuclear Yunnan New Energy Co., Ltd., which holds a 99% stake, and Sichuan Yongxiang Co., Ltd., which holds a 1% stake [2]. - The registered capital of the new company is 10 million yuan, with CGN Yunnan contributing 9.9 million yuan and Sichuan Yongxiang contributing 100,000 yuan [2].

企业名称江苏香海商业管理有限公司法定代表人吴杰注册资本2000万人民币国标行业租赁和商务服务业 >商务服务业>综合管理服务地址镇江市丹阳市开发区马陵村香海琴枫景区门口处企业类型有限责任公 司(自然人投资或控股的法人独资)营业期限2026-1-19至无固定期限登记机关丹阳市政务服务管理办公室 来源：市场资讯 天眼查显示，近日，江苏香海商业管理有限公司成立，法定代表人为吴杰，注册资本2000万人民币，由 江苏香海琴枫文化旅游发展有限公司全资持股。 序号股东名称持股比例1江苏香海琴枫文化旅游发展有限公司100% 经营范围含商业综合体管理服务；物业管理；租赁服务（不含许可类租赁服务）；日用百货销售；劳动 保护用品销售；服装服饰零售；鞋帽零售；柜台、摊位出租（除依法须经批准的项目外，凭营业执照依 法自主开展经营活动） ...