Group 1 - The Urumqi Market Supervision Administration has focused on key products and industries that affect public health and safety, resulting in the investigation of several illegal cases that endanger public health and property safety [1] - A local electric bicycle shop was penalized for failing to fulfill its quality safety responsibilities, leading to the sale of an electric bicycle without the required battery, which was later recalled [1] - A store selling ginger and chili was found to have pesticide residues exceeding food safety standards, but was not penalized due to compliance with the conditions for exemption from punishment [2][3] Group 2 - A music restaurant was penalized for restricting consumer rights through a declaration, resulting in a fine and the confiscation of illegal gains [4] - The music restaurant's actions violated consumer protection laws, specifically regarding the refusal to allow returns of sold beverages [4]

此外，笔者还注意到，在工程建筑、钢铁、家电、消费电子等行业，很多头部企业也拥有供 应 链 金 融 平 台 。 比 如 说 中 国 建 筑 的 云 证 、 小 米 的 天 星 粮 票 、 TCL 的 金 单 、 美 的 集 团 的 全 链 融、顺丰控股的丰单等。 据云趣数科产业数字资产研究院统计，目前国内拥有各类供应链信息服务平台已超5 0 0家，年 累计确权签发规模在4万亿至5万亿之间。 近年来，围绕央企、地方国企、大型民企等核心企业搭建的供应链金融平台纷纷涌现，推动各类应收账 款电子凭证高速发展。 以汽车行业为例，据笔者统计，上汽、吉利、长城、奇瑞、比亚迪、东风等头部车企均建立 起供应链金融平台，且都拥有各自的应收账款电子凭证，比如说上汽的赛克、融e融，吉利的 吉通保、长城的长城链、比亚迪的迪链、奇瑞的宝象、东风的东信等。 ...

Core Viewpoint - The beer industry is recovering in 2025, with Chongqing Beer showing growth in revenue, sales, and net profit in Q1 2024, despite previous industry downturns [1][2] Group 1: Financial Performance - In Q1 2024, Chongqing Beer achieved a beer sales volume of 883,500 kiloliters, a year-on-year increase of 1.93% [2] - The company reported a revenue of 4.355 billion yuan, up 1.46% year-on-year, and a net profit attributable to shareholders of 473 million yuan, an increase of 4.59% [2] - The revenue per hundred liters reached 492 yuan, maintaining a leading position in the industry [1] Group 2: Product and Channel Strategy - Chongqing Beer is focusing on product structure optimization and has launched nearly 10 new products across 6 brands in Q1 2024, with more to come in Q2 [2][7] - The company is shifting towards non-on-premise channels, with approximately 5% of sales transitioning from on-premise to non-on-premise, and canned products are growing at a double-digit rate [1][8] - The company is also innovating with new product lines, including craft beers and non-alcoholic beverages, to meet changing consumer demands [5][6] Group 3: Cost Management - The company has benefited from a decline in raw material costs, with a cost increase of less than 0.5% against a revenue growth of nearly 1.5% in Q1 2024 [3][4] - Chongqing Beer locks in raw material costs for 12 to 18 months in advance, providing predictability in cost management [4] Group 4: Market Expansion - The company plans to focus on 39 core large cities while expanding into over 60 additional cities, enhancing its market share [9] - Chongqing Beer is increasing collaboration with instant retail platforms like Meituan and JD.com to adapt to changing consumer behaviors [9]

证券代码：300031 证券简称：宝通科技 无锡宝通科技股份有限公司投资者关系活动记录表 编号：20250430 | 投资者关系活动类别 | 特定对象调研 分析师会议 | | --- | --- | | | 媒体采访 业绩说明会 | | | 新闻发布会 路演活动 | | | 现场参观 | | | 其他（线上业绩交流会）  | | 参与单位名称及人员姓名 | 东证融汇、浙商证券、同泰基金、东吴证券、华福证券、 | | | 上海磐耀、东方基金、苏州君榕、深圳前海世传、兴业银 | | | 行、Willing Capital、进门财经、华泰证券等 人 21 | | 时间 | 年 月 日 2025 04 29 | | 地点 | 无锡 | | 上市公司接待人员姓名 | 董事会秘书：周庆、IR 总监：常兆亮 | | 投资者关系活动主要内容 | 一、公司 2024 年度及 2025 年第一季度经营情况介绍 | | | 2024 年度，公司实现营业收入 33.02 亿元，同比下降 | | | 9.67%，但是实现归母净利润 2.10 亿元，同比增长 97.93%， | | | 盈利能力表现出强劲增长态势。同时， ...

宝通科技 20250429 摘要 • 宝通科技 2024 年营收 36.27 亿元，移动互联网板块收入 14.36 亿元，工 业互联网板块收入 18.66 亿元，其中智能输送数字化产品收入 13.92 亿元， 智能输送产品与服务收入 4.73 亿元，同比增长 31.15%。整体毛利率为 25.26%。 • 2025 年第一季度，宝通科技营收 7.59 亿元，同比下降 9.62%；归母净 利润 5,455 万元，同比下降 36.47%。移动互联网板块收入 3.52 亿元， 同比下降 24%；工业端收入 4.07 亿元，同比增长 8.24%。 • 易幻子公司 2024 年营收 9.2 亿元，利润 2.28 亿，同比增长 248%，主 要受益于《马赛克英雄》在日本的成功发行，收入超过 5 亿人民币。2025 年第一季度，易幻营收 2,540 万元，同比下滑 16%，净利润 6,953 万元， 同比下滑 18%。 • 海南高图子公司 2024 年营收 5.17 亿，实现利润 1,458 万，扭亏为盈。 《Bloodline》运营三年，2024 年收入超过 1.7 亿人民币。 • 工业互联网领域，数字化输送带产品收入 ...

Core Insights - In 2024, the company achieved operating revenue of 3.302 billion yuan, a year-over-year decrease of 9.67%, and a net profit attributable to shareholders of 210 million yuan, a year-over-year increase of 97.93% [1] - The company plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders in 2024 [1] Group 1: Financial Performance - In Q1 2025, the company reported operating revenue of 759 million yuan, a year-over-year decrease of 9.62% and a quarter-over-quarter decrease of 11.18% [1] - The net profit attributable to shareholders in Q1 2025 was 55 million yuan, a year-over-year decrease of 36.47% [1] - The company experienced a net profit of -28 million yuan in Q4 2024, while the non-recurring net profit was 59 million yuan, a year-over-year decrease of 40.59% [1][2] Group 2: Business Segments - The industrial internet segment generated revenue of 1.866 billion yuan in 2024, a year-over-year decrease of 8.10%, with a gross margin of 25.26% [3] - The smart conveyor digital product manufacturing revenue was 1.392 billion yuan, a year-over-year decrease of 16.59%, while the smart conveyor system service revenue was 473 million yuan, a year-over-year increase of 31.15% [3] - The mobile internet segment reported revenue of 1.436 billion yuan in 2024, a year-over-year decrease of 11.63%, with a gross margin of 54.60% [4] Group 3: Future Outlook - The company is optimistic about the upcoming release of new games, including titles based on popular IPs from Japan and South Korea, which are expected to contribute to revenue growth [4] - The company has adjusted its earnings forecasts for 2025-2027, expecting EPS of 0.73, 0.93, and 1.12 yuan respectively, with corresponding PE ratios of 31, 24, and 20 times [4]

Core Viewpoint - The report highlights that Baotong Technology (300031) is expected to face challenges in revenue growth but shows strong profit growth due to effective cost management, with a "buy" rating maintained for the stock [1][2]. Financial Performance - In 2024, the company achieved revenue of 3.302 billion yuan, a year-over-year decrease of 9.67%, while net profit attributable to shareholders was 210 million yuan, a year-over-year increase of 97.93% [1]. - For Q1 2025, the company reported revenue of 759 million yuan, down 9.62% year-over-year and 11.18% quarter-over-quarter, with a net profit of 55 million yuan, a year-over-year decline of 36.47% [1][2]. - The company plans to distribute a cash dividend of 1 yuan per 10 shares to all shareholders in 2024 [1]. Business Segments Industrial Internet - The industrial internet segment generated revenue of 1.866 billion yuan in 2024, down 8.10% year-over-year, with a gross margin of 25.26% [3]. - The revenue from intelligent conveyor digital products was 1.392 billion yuan, down 16.59% year-over-year, while intelligent conveyor system services revenue increased by 31.15% to 473 million yuan [3]. - The company is focusing on global expansion, with overseas service business growing over 20% year-over-year [3]. Mobile Internet - The mobile internet segment reported revenue of 1.436 billion yuan in 2024, a decrease of 11.63% year-over-year, with a gross margin of 54.60% [4]. - The decline is attributed to the natural decrease in revenue from games like "Mosaic Heroes" during their lifecycle [4]. - The company has a strong pipeline of new games expected to launch within the year, which may contribute to revenue growth [4]. Profit Forecast and Investment Rating - The profit forecast for 2025-2027 has been adjusted, with expected EPS of 0.73, 0.93, and 1.12 yuan respectively, reflecting a decrease from previous estimates [4]. - The current price-to-earnings ratios are projected to be 31, 24, and 20 times for 2025, 2026, and 2027 respectively [4]. - The company maintains a positive outlook on its strategic advancements in AI and embodied intelligence technologies, sustaining a "buy" rating [4].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is strategically positioning itself in the field of embodied intelligence and has a robust pipeline of new mobile games [1] - The revenue for 2024 is projected to be 33.02 billion yuan, with a year-over-year decrease of 9.67%, while the net profit attributable to shareholders is expected to be 2.10 billion yuan, reflecting a year-over-year increase of 97.93% [7] - The company is focusing on global expansion in its industrial internet business, with a strong growth trajectory in overseas services [7] Financial Summary - Total revenue is forecasted to grow from 33.02 billion yuan in 2024 to 51.01 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 12.17% [1][8] - The net profit attributable to shareholders is expected to increase from 2.10 billion yuan in 2024 to 4.70 billion yuan in 2027, indicating a significant growth potential [1][8] - The earnings per share (EPS) is projected to rise from 0.50 yuan in 2024 to 1.12 yuan in 2027, with corresponding price-to-earnings (P/E) ratios decreasing from 44.98 to 20.08 [1][8] Business Segments - In the industrial internet segment, revenue is expected to be 18.66 billion yuan in 2024, with a year-over-year decrease of 8.10%, while the mobile internet segment is projected to generate 14.36 billion yuan, down 11.63% year-over-year [7] - The company is set to launch several new games in 2025, which are anticipated to contribute positively to revenue growth [7]

如果您希望可以时常见面，欢迎标星收藏哦~ 2025年4月23日，2025九峰山论坛暨化合物半导体产业博览会重磅开幕！本届展会在前两届 成功举办的基础上继续提档升级。作为重头戏，聚焦化合物半导体产业技术发展的高峰论坛 将延续往年的多元化架构，以1场主论坛、11场平行论坛，逾15场同期活动的强大阵容，携 手全球相关领域权威科研机构、领军企业及行业专家代表，共同探索化合物半导体产业未来 发展方向。 在上午的大会主论坛中，英诺赛克CEO吴金刚带来了主题为 《GaN出美好芯未来》 的演讲，重 点探讨了第三代半导体GaN的突破与未来发展前景。 吴金刚首先分析了"为什么选择GaN？"他指出，伴随着第四次工业革命推动的数字化与智能化浪 潮，功率半导体市场规模呈现指数级增长，产品性能大幅提升。在消费电子、智能汽车、光伏储 能、数据计算等领域， GaN FET有望替代传统的Si MOS，成为市场的重要力量。 在技术性能方面，与传统Si MOSFET的FOM参数对比，150V/650V电压等级的GaN具有显著优 势，分别提升了约7倍和8倍。未来，GaN FET的成本将持续下降， 预计到2028年其价格将接近 或低于传统Si基MOS ...

山东键邦新材料股份有限公司 2025 年 1-3 月主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据上海证券交易所《上市公司自律监管指引第3号行业信息披露：第十三 号——化工》有关规定和披露要求，现将山东键邦新材料股份有限公司（以下简 称"公司"）2025年1-3月主要经营数据披露如下： 一、主要产品的产量、销量及收入情况 证券代码：603285 证券简称：键邦股份 公告编号：2025-027 2025年1-3月公司营业收入为15,499.22万元，其中主营业务收入为15,205.88 万元，其他业务收入为 293.34 万元。公司主要产品产销情况如下： 注：上表中各分项数之和与合计数存在尾差是四舍五入造成。 二、主要产品和原材料的价格变动情况 | 类别 | 2025年1-3月平均单价 | 2024 | 年 1-3 | 月平均单价 | 同比变动幅 | | --- | --- | --- | --- | --- | --- | | | （元/吨） | | （元/吨） | | 度 | | 赛克 | 12,1 ...