珍酒李渡集团董事长吴向东，总裁颜涛，高管团队成员吴其融、朱琳、罗永红、吴光曙、王连博，珍酒 李渡集团非执行董事、KKR合伙人孙铮，独立非执行董事李东、闫极晟、黄进栓现场或线上出席。 股东周年大会上，股东们审议多项重要议案，包括珍酒李渡2024年财务报告、股息分派方案，续聘2024 年度审计机构、选举董事等。 5月9日，珍酒李渡集团2024年度股东周年大会暨投资者交流会在湖南长沙1912珍酒美食研究所举行，股 东及股东代表、投资机构代表和证券分析师共计120余人参加。 近年，珍酒李渡持续增产扩能，为进一步提升产品竞争力和高端产品扩量提供了坚实基础。吴向东提 到，珍酒将推出一款品质对标市场2000元价位段的战略新品，售价预计500元至600元，与珍十五、珍三 十形成协同效应，继续夯实次高端市场地位。李渡将进一步拓宽次高端和中端价格带产品布局，丰富产 品矩阵，抢占更多市场份额。 珍酒李渡旗下三大企业保持差异化发展路径。珍酒继续深化双渠道增长战略，重点突破新能源、AI、 数字化等新质生产力消费人群。吴向东表示，珍酒高档酒事业部异业客户拓展效果明显，2024年取得高 双位数增长，今年维持了较好增长态势。李渡做好"小而美 ...

Core Viewpoint - The company "沪上阿姨" successfully listed on the Hong Kong Stock Exchange, achieving a significant opening and closing price increase, reflecting strong market interest and potential for growth in the tea beverage sector [1] Company Overview - Founded by the couple 单卫钧 and 周蓉蓉, "沪上阿姨" has a product pricing range of 7 to 22 HKD, focusing on unique offerings like blood glutinous rice milk tea [1] - After the IPO, the founders control 78.78% of the company, with their net worth exceeding 130 billion HKD [1] - The IPO raised 195 million HKD, marking "沪上阿姨" as the fourth new tea beverage company to go public this year [1] Financial Performance - The company reported revenues of 2.199 billion CNY, 3.348 billion CNY, and 3.285 billion CNY for the years 2022, 2023, and 2024 respectively, with corresponding adjusted net profits of 154 million CNY, 416 million CNY, and 418 million CNY [1] - The gross merchandise volume (GMV) for the first half of 2024 exceeded 5 billion CNY, with an expected annual revenue surpassing 10 billion CNY [1] Market Position and Strategy - "沪上阿姨" is the third largest tea beverage brand in terms of store count, with 8,437 stores opened by June 2024, and focuses on the lower-tier market [1] - The company has a strong franchise model, with 5,455 franchisees, about 30% of whom operate multiple stores [1] - The company emphasizes product innovation, launching over 100 new products annually from 2022 to 2024, and has a loyal customer base with 1.15 million registered members on its WeChat mini-program [1] Competitive Landscape - The tea beverage industry is highly competitive, and "沪上阿姨" aims to enhance its supply chain capabilities, which currently have room for improvement compared to competitors like "蜜雪冰城" [1] - The funds raised from the IPO will support the company's future growth and capability enhancement initiatives [1]

万洲国际主要产品包括肉制品和猪肉产品，合计收入贡献超过90%，主要市场为中国、欧洲以及北美地区，其中收入对中国及美国市场依赖较大，由于全球 消费疲软，加上中美贸易摩擦，业绩受到了影响。 2025年Q1，欧洲肉制品市场继续保持增长，销量上升9.9%，然而受中国及北美下滑拖累，整体业务收入下滑2%；而猪肉业务在周期需求带动下，三大市场 均实现了增长，整体业务收入增长14.2%，带动总收入恢复增长6%。由于收入结构变化，肉制品利润下滑，但猪肉实现了扭亏为盈，驱动经营利润提升 19%。 基本面受阻，收入增长停滞，盈利大幅波动，万洲国际（00288）市值却逆势上涨，这背后逻辑是什么？ 智通财经APP了解到，万洲国际近日发布季报显示，以生物公允价值调整后计，实现收入65.54亿美元，同比增长6%，股东净利润3.8亿美元，同比下滑 18.3%。而在过去三年（2022-2024），该公司业绩疲软，收入呈下滑趋势，股东净利润则大幅波动，且利润率较低，2025年Q1为5.8%。 然而，在业绩调整的这三年，该公司市值却连年上升，2022-2024年市值升了48.7%，2025年初至今不到两个季度再升23%，市值累计提升了418.3 ...

Core Insights - Labubu, a character from Pop Mart, is gaining global popularity and is being compared to luxury items like the Hermes Birkin bag, indicating a strong cultural and consumer trend towards collectible toys and accessories [1][26][31] - The character is associated with good luck and positive energy, appealing to consumers' desires for spiritual and emotional support through physical items [5][15][20] - The rise of Labubu reflects broader cultural differences in consumer behavior between Eastern and Western markets, particularly in the context of plush toys and accessories [38][41][47] Group 1: Cultural Significance - Labubu is seen as a modern talisman, with consumers attributing protective and luck-bringing qualities to it, similar to traditional Feng Shui practices [9][15][28] - The character's design and backstory allow consumers to project their own desires and aspirations onto it, enhancing its appeal [24][47] - The popularity of Labubu in Thailand, where it has been integrated into local culture and spirituality, highlights the character's adaptability and resonance with different cultural contexts [26][28] Group 2: Market Trends - The blind box trend, particularly in the context of Pop Mart, is becoming increasingly popular in Western markets, with Labubu being a key driver of this trend [32][43] - The search for "bag charms" has reached a ten-year high in Google searches, indicating a growing interest in personalized accessories in the West [43] - The cultural preference for softer, plush materials in Eastern markets contrasts with the Western inclination towards harder, more direct expressions in accessories [44][45] Group 3: Consumer Behavior - Consumers are increasingly seeking emotional connections with products, using items like Labubu as a form of psychological comfort in stressful environments [20][47] - The phenomenon of "Kidult" culture, where adults seek comfort in childhood toys, is particularly pronounced in East Asian markets, influencing the popularity of plush accessories [47] - The emotional value attached to items like Labubu transcends their material worth, reflecting a deeper need for spiritual and emotional support among consumers [51]

【环球网财经综合报道】5月9日，港股上市公司中粮家佳康（1610.HK）发布了2025年4月运营快报， 披露公司当月生猪出货量为47.2万头，今年前4个月累计生猪出货量为193.4万头、较2024年同期105.6万 头的出货量同比增长了超80%。 二级市场方面，截至5月9日收盘，中粮家佳康股价年内累计小幅上涨6.47%。 来源：环球网 值得关注的是，家佳康亚麻籽猪肉产品的研发旨在促进国人亚麻酸的摄入，同时通过独特的饲养和肉质 结构也成就了美味品质，近日更获得ITI国际美味奖章，成为中国冷鲜猪肉品牌首次获得此奖项的案 例。 与此同时，国元证券国际还提到公司通过分众式、体验式、线上式等不同形式的品牌传播活动和多渠道 营销，持续扩大家佳康品牌影响力；在渠道方面，继续深化与盒马、山姆、胖东来、大润发等头部新零 售渠道和商超的合作，同时全面进驻美团小象、京东、朴朴等全国头部生鲜电商平台，实现量利齐增。 | | | | | | | 流及幅(5) | | --- | --- | --- | --- | --- | --- | --- | | 親系住慶 | 1610 HK | | 6.781 | 14.7 | NA | 05 ...

本报记者 李哲 北京报道 近日，家乡互动（03798.HK）披露的2024年财报显示，其实现营业收入13.86亿元，同比下滑22.13%； 净利润亏损7417.4万元，同比下滑116.93%。这是家乡互动自2019年上市以来首次遭遇净利润亏损。 家乡互动专注于棋牌、捕鱼等品类游戏，其在2024年由盈转亏，与大手笔投入主播营销不无关联。 当前，家乡互动累计共有主播数量超1000名，这些主播通过举办各类PK赛和水友赛等互动活动，为 《微乐斗地主》《微乐四川麻将》等家乡互动旗下的核心产品带来了可观的流量。但是，由于宣传及广 告开支增加1.36亿元，导致家乡互动在2024年的销售及营销开支同比增长31.1%。家乡互动方面坦言， 尽管投入规模可观，但未能有效拉动业绩增长，导致整体盈利能力承压。 上市后首次亏损 2024年财报显示，家乡互动实现营业收入13.86亿元，同比下降22.13%；净利润亏损7417.4万元，同比 下滑116.93%；经营活动产生的现金流量净额为7106.6万元，同比下降83.87%。 对于上述业绩表现，《中国经营报》记者联系家乡互动方面置评，截至发稿未获回复。不过，家乡互动 方面在财报中表示，其 ...

Mori将与特朗普政府讨论日本制铁和美国钢铁公司（X）之间的合并交易。（Semafor） 日本制铁（新日铁）高管Mori将前往美国华盛顿，会见特朗普政府的官员们。 ...

鉴于各国央行持续买入黄金、地缘政治局势紧张、经济不确定性加剧，以及近期去美元化与美元资产流 走的新趋势，公司对黄金的前景保持乐观。这将为Donlin项目未来几年的最终开发创造有利条件，而建 设及生产进程的推进可望重塑Novagold股份价值。董事认为，此项投资不仅能创造丰厚回报，亦高度契 合公司价值创造的战略重点。 公司专注于天然资源领域的战略投资，强调采矿机会，特别是采矿业。Novagold作为领先的黄金开采企 业，过往曾持有阿拉斯加Donlin Gold项目("Donlin")50%权益。该项目属世界级资源，拥有约3,900万盎 司探明及控制级别黄金资源量，平均品位达2.24克╱吨。 过去数年间，由于合资者Barrick Mining Corporation战略聚焦于铜等其他大型项目，开发进度较为缓 慢。Novagold近期宣布斥资10亿美元收购Barrick所持50%权益，其中Novagold出资2亿美元将持股比例 提升至60%，PaulsonAdvisors("Paulson")以8亿美元收购40%权益。Donlin项目已形成新的股权结构，双 方股东均有意推进项目开发。Novagold及Paulson ...

金融界5月9日消息，上证指数下跌0.30%，中证香港中盘精选指数 (香港中盘精选，H11120)上涨 0.38%，报2305.91点，成交额166.81亿元。 从中证香港中盘精选指数持仓样本的行业来看，可选消费占比19.26%、工业占比12.52%、金融占比 11.84%、信息技术占比9.83%、通信服务占比9.25%、医药卫生占比8.72%、主要消费占比7.59%、公用 事业占比7.41%、原材料占比5.29%、房地产占比5.04%、能源占比3.25%。 作者：行情君 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。定期调整设置缓冲区，排名在81名至220名之间的老样本优先保留；若优先保留的老样本数量 超过100只，则将排名靠后的老样本剔除，直至样本数量为100只；若优先保留的老样本数量不足100 只，则将排名100之后的新样本中排名靠前的证券纳入，直至样本数量为100只。特殊情况下将对指数进 行临时调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆、停牌等情形的 处理，参照计算与维护细则处理。 数据统计显示，中证香港中盘精选指数近一 ...

Core Viewpoint - The recent IPO of "沪上阿姨" on the Hong Kong Stock Exchange has shown a significant initial surge in stock price, but the subsequent decline raises concerns about the competitive landscape and financial performance of new tea beverage companies [1][3]. Group 1: Market Performance - "沪上阿姨" opened at HKD 190.6 per share, a 68.5% increase from the issue price, with a market capitalization exceeding HKD 18.4 billion, setting a record for first-day gains in the new tea beverage sector [1]. - On the second day, the stock price fell to HKD 160, closing at HKD 144.5, a decrease of 8.78% [1][3]. Group 2: Industry Competition - The new tea beverage market is highly saturated, with many established players like "奈雪的茶," "古茗," "茶百道," "蜜雪冰城," and "霸王茶姬" already in the space, leading to intense competition [4]. - The presence of over 40,000 stores for "蜜雪冰城" and nearly 10,000 for "沪上阿姨" indicates significant scale but also highlights the competitive pressures within the industry [4]. Group 3: Financial Performance - "沪上阿姨" is experiencing a decline in revenue and profits, with projections indicating a 15% drop in profit for 2024, which is significantly lower than competitors like "蜜雪冰城" [4]. - The valuation of "沪上阿姨" is considered high relative to its financial performance, especially when compared to "蜜雪冰城" and "霸王茶姬," which are viewed as having more reasonable valuations based on their earnings growth [4]. Group 4: Future Outlook - The industry is expected to see continued mergers and acquisitions as companies strive for efficiency and scale amidst fierce competition [5]. - The performance of new tea beverage companies post-IPO will heavily depend on their ability to grow profits, with significant disparities in valuations based on financial results [4][5].