（原标题：000893、605499，机构积极关注） 券商月度金股凝聚了券商研究团队对宏观环境、行业趋势和个股价值的综合判断，被不少投资者视为观察市场风向的重要窗口，具有一定的参考 价值。 6月券商研判来了 据证券时报·数据宝统计，截至6月2日，已有23家券商机构发布对于6月A股市场的最新研判，其中，共计157只个股被纳入券商6月金股名单。 分行业统计，机械设备、电子和医药生物排名前三，分别有17只、14只、13只个股上榜；汽车、食品饮料、传媒、电力设备、非银金融等行业紧 随其后，上榜个股数量均在7只及以上。 中国银河认为，公司特饮大单品持续成长，第二成长曲线快速放量。长期看，随着消费群体与场景的持续拓展，功能饮料品类持续扩容，公司具 备先发优势，有望受益。此外，公司在海外已有基地布局和组织架构建设，叠加拟发行H股并于港交所上市，助力国际化再启新程。公司业绩的 确定性与成长性较稀缺。 从一季度业绩来看，上述21只券商6月金股表现优异，今年一季度全部实现盈利。以净利润变动统计，13股净利润同比增幅超过10%，亚钾国际、 万马科技、巨化股份同比翻倍。 万马科技表示，一季度营收同比增长78.24%，归母净利润增长2 ...

Core Viewpoint - 52TOYS, a Chinese toy company, is planning to go public in Hong Kong, but its financial performance raises concerns about its competitiveness in the rapidly growing IP toy market [2][4]. Financial Performance - 52TOYS reported a revenue of 630 million RMB in 2024, representing a year-on-year growth of 68%, but its net profit growth was only 12%, which is significantly lower than its peers [2][7]. - The company's gross margin decreased from 58% to 52% over the same period, indicating a decline in profitability [2][9]. - From 2022 to 2024, 52TOYS experienced a cumulative loss of 195 million RMB, with annual losses increasing each year [7][8]. Revenue Sources - 64.5% of 52TOYS' revenue comes from licensed IP, while its own IP revenue share is declining, raising concerns about sustainability if licenses are lost [2][9]. - The company has spent over 100 million RMB on licensing fees for IPs from 2022 to 2024, indicating a heavy reliance on external IPs [9][11]. Market Position - The Chinese IP toy market is expected to grow from 486 billion RMB in 2020 to 756 billion RMB in 2024, with 52TOYS lagging behind competitors like Pop Mart and TOPTOY, which have shown stronger revenue growth [5][6]. - 52TOYS' revenue growth rate from 2022 to 2024 is 16.7%, significantly lower than competitors like Card Game at 55% and Bluku at over 150% [6][9]. Ownership and Investment - The founder and partners of 52TOYS have cashed out a total of 57.73 million RMB prior to the IPO, raising questions about their confidence in the company's future [3][4]. - Major shareholders include Suzhou Qiming Rongke and CICC Cultural Consumption Fund, with the founder holding approximately 36.81% of the shares [5][6]. Competitive Landscape - 52TOYS aims to differentiate itself by focusing on collectible toys rather than becoming a second Pop Mart, but analysts suggest it still operates within a similar framework [12]. - The company faces challenges in establishing a unique market position, as its reliance on licensed IPs and distributors limits its control over brand representation and pricing [11][12].

财务方面，于2021年度、2022年度、2023年度及2024年1-6月，公司实现营业收入分别约为39.47亿元、40.67亿元、41.13亿元及27.42亿元，同期实现净利 润分别约为2.82亿元、1.67亿元、1.40亿及8124.72万元人民币，实现的主营业务毛利率分别为15.05%、10.37%、8.12%和7.83%。海阳科技称，2021年至 2023年发行人的营业收入小幅增长，但净利润持续下滑，且2022年下滑较多，主要系帘子布产品境内供需关系变化导致。 | 项目 | 2024.6.30/ 2024 年 1-6 | 2023.12.31/ 2023 年度 | 2022.12.31/ 2022 年度 | 2021.12.31/ | | --- | --- | --- | --- | --- | | | 月 | | | 2021 年度 | | 资产总额(万元) | 326,983.01 | 274.161.20 | 208,816.11 | 197,408.62 | | 归属于母公司所有者权益(万元) | 112,786.60 | 105,842.45 | 95,390.47 | 82,029.28 ...

Group 1 - Core viewpoint: The company is strategically positioned to capitalize on the overseas internet population dividend and the high growth trend of audio and video social networking, continuously exploring niche market demands and expanding its product matrix to initiate a new growth cycle [1] - Key insight 1: The company's core business advantages include strong organizational capabilities, deep local product operations, a multi-country and multi-product strategy that allows for low marginal costs and rapid iteration, and a diverse product offering that meets various emotional value needs across different social scenarios [1] - Key insight 2: The acquisition of BlueCity Brothers is a rare asset, and the launch of the HeeSay brand overseas aims to tap into the growing LGBTQ market, with the company’s product Blued maintaining a leading position in the domestic LGBTQ social sector [1] Group 2 - Key insight 3: The global casual gaming market is expanding, with the company’s flagship game "Alice's Dream: Merge Island" projected to achieve a 60% year-on-year revenue growth in 2024 and potentially become profitable by the fourth quarter of 2024 [2] - Key insight 4: The company has several mobile games in the pipeline, which are expected to contribute additional revenue in the latter half of the year [2] - Financial forecast: The company’s revenue and profit are expected to steadily increase, with projected revenues of 6.6 billion, 8.3 billion, and 10.3 billion yuan for 2025-2027, and corresponding net profits of 980 million, 1.34 billion, and 1.78 billion yuan [2]

Group 1 - The stock price of Hailide (002206) closed at 5.14 yuan on May 30, 2025, down 1.53% with a turnover rate of 2.6% and a trading volume of 238,600 shares, amounting to a transaction value of 123 million yuan [1][2]. - On May 30, Hailide experienced a net outflow of 12.83 million yuan from institutional investors, while retail investors saw a net inflow of 12.27 million yuan [2][4]. - Hailide announced that it provided guarantees for loans within the credit limits for its subsidiaries, including Zhejiang Hailide Flooring Co., Ltd. and Haining Hailide Fiber Technology Co., Ltd. The total guarantee amount does not exceed 2.62 billion yuan and 100 million USD [2][4]. Group 2 - The fiber company's debt-to-asset ratio exceeds 70%, indicating a high level of leverage [2][4]. - As of the announcement, the actual guarantee balance was 60.034 million yuan, accounting for 15.35% of the company's most recent audited net assets, with no overdue guarantees or litigation issues reported [2][4].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：601800 证券简称：中国交建 公告编号：临2025-022 中国交通建设股份有限公司 第五届董事会第四十九次会议 决议公告 中国交通建设股份有限公司（简称公司或本公司）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。 2025年5月23日，公司以书面形式发出本次董事会会议通知。2025年5月30日，本次董事会以现场方式召 开。董事会会议应当出席的董事人数7名，实际出席会议的董事人数7名。会议由董事长王彤宙主持，会 议召开程序及出席董事人数符合有关规定，表决结果合法有效。会议形成如下决议： 一、审议通过《关于公司2025年全面预算方案的议案》 （一）同意公司2025年全面预算方案。 （二）本议案在提交董事会审议前已经审计与内控委员会会议审议通过。 （三）本议案尚需提交公司2024年年度股东会审议批准。 表决结果：同意【7】票，反对【0】票，弃权【0】票。 二、审议通过《关于回购公司A股股份方案的议案》 （一）同意回购公司A股股份的方案。 （二）该事项的详细情况请参见公司在上 ...

Overall Performance - The company achieved revenue of 86.6 billion yuan in FY2025 Q1, exceeding Bloomberg's consensus estimate of 85.4 billion yuan, with a year-on-year growth of 18.1% [1] - Adjusted net profit totaled 10.95 billion yuan, surpassing the expected 9.73 billion yuan, reflecting a year-on-year increase of 46.2% [1] - The adjusted net profit margin was 12.6%, up by 2.4 percentage points year-on-year [1] Core Local Business - Revenue from core local business reached 64.3 billion yuan, growing 17.8% year-on-year, with operating profit of 13.5 billion yuan, a 39.1% increase [1] - The food delivery segment maintained healthy growth, with increased user engagement and order frequency [2] - The instant retail business, Meituan Flash Purchase, showed strong growth, with the number of flash warehouses and order proportion continuously rising [1][2] New Business Developments - New business revenue was 22.2 billion yuan, with a year-on-year growth of 19.2%, and operating losses narrowed by 17.5% to 2.3 billion yuan [1] - Meituan's new initiatives in the education sector, such as "Anxin Study," have expanded the product categories and service range, with over 20,000 educational institutions connected [2] - The company is focusing on enhancing operational efficiency in Meituan Youxuan, with expectations of reduced losses due to supply chain transformation and improved unit economics [3] Market Expansion and Competition - The company is expanding its overseas market presence, with Keeta launching in nine major cities in Saudi Arabia and plans to enter Brazil [3] - The competitive landscape is intensifying, with JD and Ele.me increasing subsidy investments, and Alibaba upgrading its instant retail business [3] - Despite short-term performance fluctuations due to competitive pressures, the long-term growth trajectory remains positive, driven by a comprehensive local service ecosystem [3] Financial Projections - The company forecasts overall revenue of 390.4 billion, 437.7 billion, and 483.9 billion yuan for 2025, 2026, and 2027 respectively, with adjusted net profits of 47.8 billion, 57.6 billion, and 69 billion yuan [3] - The company maintains a "buy" rating based on its robust local service network and growth potential in instant retail and overseas markets [3]

Core Viewpoint - The company reported significant growth in sales, particularly in the new energy vehicle segment, indicating a strong market position and potential for future profitability [1][2][3] Sales Performance - In May, the total wholesale sales reached 235,000 units, representing a year-on-year increase of 46.4% and a month-on-month increase of 0.5% [1][2] - Cumulatively, from January to May, the total wholesale sales amounted to 1.173 million units, up 48.6% year-on-year [1][2] - New energy vehicle sales in May were 138,021 units, showing a year-on-year increase of 135.2% and a month-on-month increase of 9.9%, with a penetration rate of 58.7% [1][2] Brand Performance - The sales breakdown for May includes 189,000 units for the Geely brand, 18,908 units for Zeekr, and 27,630 units for Lynk & Co [1][2] - The launch of the Geely Galaxy Star 8, priced between 115,800 to 155,800 CNY, has generated over 10,000 pre-orders within six days [2] New Product Launches - The Lynk & Co 900 was officially launched in May, with four configurations priced between 289,900 to 396,900 CNY, achieving over 30,000 orders by mid-May [2] - The Zeekr 9X luxury SUV, set to launch in Q3 2025, features advanced technology and is expected to be priced over 1 million CNY [2] Technological Advancements - The company is deepening its integration of AI technologies, having announced a comprehensive AI strategy in May that includes various cutting-edge technologies [3] - The Lynk & Co 900 will be among the first vehicles to utilize the NVIDIA Thor chip, enhancing its competitive edge in the market [3] Financial Projections - The company forecasts revenues of 404.78 billion CNY, 489.69 billion CNY, and 572.83 billion CNY for 2025-2027, with net profits of 16.21 billion CNY, 22.09 billion CNY, and 25.98 billion CNY respectively [3]

容大科技（股票代码："9881"），一家自动识别资料收集（AIDC）装置及解决方案的领先供应商，近期已启动招股程序，目标是在6月10日正式登陆港交 所。 该公司计划在全球范围内发行1840万股，发行价格区间设定在10至12港元之间，预计最高可筹集资金约2.2亿港元。此次招股吸引了多家基石投资者的青 睐，包括香港临泰、曹柯（湖南大井电源技术有限公司CEO）、林小坚、中晟集团、李舒菡女士、MainAchieve以及伍志发，他们共承诺认购8030万港元 的股份。 根据招股书披露的数据，容大科技在2022年、2023年和2024年的营收分别为3.93亿元、3.49亿元和3.5亿元，毛利分别为8986万元、8546万元和9937万元。 然而，截至2024年12月31日，公司持有的现金及现金等价物仅为761万元，这对于一个如此规模的公司来说，显然处于较为紧张的状态。 | | 2022 | 2023 | 2024 | | --- | --- | --- | --- | | | 財政年度 | 財政年度 | 財政年度 | | | 人民幣千元 | 人民幣千元 | 人民幣千元 | | 收益 | 393,273 | 348,749 ...

格隆汇6月2日丨大唐黃金(08299.HK)公告，公司与无锡专心智制科技有限公司("无锡专心智制")已于香 港成立合资公司，即人工智能矿业有限公司。合资公司由公司拥有51%的股权，并将于集团的综合财务 报表中作为附属公司入账。 无锡专心智制在中国成立的领先的创新科技公司，专注于为工业领域提供数据服务和人工智能("AI")解 决方案。 合资公司旨在开发及评估AI在有色金属勘探、开采工艺以及安全生产方面的应用。合资公司将通过随 机森林、强化学习、卷积神经网络及其他机器学习(ML)工具开发专业的AI应用模型，以推动采矿业向 数字化及智能化转型。此外，合资公司将引入数字孪生及数字化绩效运营系统，整合技术、供应链及运 营要素，以提高生产及资源利用效率以及工作安全，以及为采矿业创造合作机会。 于成立合资公司前，公司已于2024年开始与无锡专心智制合作，旨在率先开发应用AI技术的模型，以 降低勘探成本及提升勘探成功率。目前基于集团及其他来源的勘探及地质数据反馈，相关计算模型正处 于训练阶段。自开始合作，尤其是自成立合资公司以来，该模型截至本公告日期已取得鼓舞性成果。 在采矿及矿物加工领域，AI模型将被开发及应用于智能矿石分 ...