格隆汇5月20日｜东方证券研报指出，2025年中国人寿总保费7,298.9亿元，同比+8.7%；新单保费2,340.8亿元，同比+9.3%，自2022年以来持续修复。看好中国人寿作为寿险龙头的价值修复空间。负债端，公司保费规模增长稳健，新单保费延续修复，NBV和NBVM同步改善，个险渠道稳中提质，银保渠道价值贡献快速提升；资产端，公司固收底仓保持高位，权益配置提升，OCI股票占比上升有助于兼顾收益弹性与报表稳定性。估值方面，以2026E内含价值作为估值锚，给予公司2026年1.0xP/EV，对应目标价55.20元，首次覆盖，给予“买入”评级。

开始今天的内容前，一个问题： 你有没有一段时间很害怕上网，感觉人一旦上网，就会被确诊点什么病？ 毕竟，刷会短视频都能确诊抑郁症+焦虑症+回避型依恋+边缘型人格障碍+失眠+湿气重+肝肺功能不好……早已不是什么新鲜事。 而就在最近，这种害怕的感觉，越发强烈了。 原因无他，在这份“网络确诊”的热门毛病榜单上，又一个重量级选手横空出世—— 碳水脸。 什么是“碳水脸”？请看网上流传的释义和标准。 没什么严格的指标标准，也无其他判断依据，与其说它是医学术语，不如用“网络流行词”形容或许更合适。/图源：小红书 原本，这个词多是用来科普探讨饮食概念时才会出现， 但不知什么时候开始，它不但在网上大肆流行，还沾上即被“诅咒”。 有人PO出一家人开开心心吃面条的视频，一群人冲进来点评 “是碳水脸我们完蛋了”； 有人感觉自己最近身体浮肿、皮肤暗沉，战战兢兢发帖询问，结果不出意外，评论区更加触目惊心。 “面相都变了。” “碳水脸这辈子有了……” 社交平台截图 很恶心，你以为自己只是吃了顿主食，结果被铺天盖地的恶评包围。 你以为要说健康饮食、营养均衡，结果它却相上了面、算上了命…… 直说了，“碳水脸”就是今年最恶毒的互联网梗。 01 不懂就问，“审美霸凌”都发展成这样了？ 友情提示：如果上网时看到所谓的 “碳水脸 vs 蛋白脸” 自测帖，或者所谓的 “碳水脸 vs红肉脸” 自测帖，千万别随便点进去。 大概就像这样 你以为的平平无奇自测贴，可能是为“碳水脸”三字打造的专属羞辱大会。 在这套评价体系里，一旦和“碳水脸”沾边，算是遭老罪了—— 不是 穷； 截图内容源自社交平台，下同 就是 认知太低； 好了好了这下好了 不是不自律、命很苦 、缺乏质感； 坏了坏了这下坏了 就是全方面的 “弱者” ，因为 “真正的强者从不吃碳水” …… 图源：社交平台截图，下同 一句轻蔑的 “一看你就是碳水脸” ，直接给所有人想吃碳水、想吃饱的人以重击。 我找茬都说不出这样的话，只是吃了碳水，应该罪不至此吧？ 将饮食问题异化成容貌焦虑和人身攻击不够， 根据网上流行的说法，“毁掉人生”，那都是分分钟的事。 人一旦和碳水脸沾边，还会变得 “廉价”“脸上写满廉价多巴胺”“失去阶层信用背书”“被高端局悄悄过滤掉”…… 一句话总结： “注定拥有一个失败的人生”。 小长文也写上了 甚至， 在职场上不够成功，可能也是碳水脸在作祟。 好...

NVIDIA (NVDA) Earnings Report Expected to Impact Market Valuatio GuruFocus

商務部表示，按照中美元首達成的重要共識，中國航空根據自身航空運輸發展需要，將按照商業化原則引進200架波音飛機。

商務部表示，按照中美元首達成的重要共識，中國航空根據自身航空運輸發展需要，將按照商業化原則引進200架波音飛機。

天眼查App显示，5月19日，长安汽车销售（南昌）有限公司成立，法定代表人为朱刚，注册资本1000万人民币，经营范围包括汽车销售、新能源汽车整车销售、汽车装饰用品销售等，由长安汽车全资持股。（界面新闻）

In this article DE10Y DE30Y UK10Y UK30Y US10Y US30Y US2Y Follow your favorite stocks CREATE FREE ACCOUNT Yields on U.S. Treasurys moved lower early on Wednesday, following a sharp sell-off across bond markets as inflation concerns continue to weigh on investor sentiment. The 10-year Treasury yield — the main benchmark for mortgages, auto loans and credit card debt — was just under 2 basis points lower in early trade at 4.653%. During Tuesday's session, it reached its highest level since January 2025, at 4.687%. Meanwhile, the longer-dated 30-year Treasury bond yield was around 1 basis point lower at 5.172%, having briefly advanced to 5.197%, its highest level since July 2007, during the previous day's trade. Yields on the 2-year Treasury note, which are more sensitive to calls on short-term Federal Reserve interest rate moves, slipped by 2 basis points to 4.106%. One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another. Traders are weighing prospects for a re-escalation of hostilities in the Middle East conflict, its lasting impact on prices and how developments will shape the monetary policy of the Federal Reserve and other central banks. Minutes from the April 27-28 Federal Open Market Committee meeting will be published later Wednesday. The Fed kept the federal funds rate unchanged at between 3.5% and 3.75%, but the decision drew the biggest dissension within the FOMC in more than 30 years, with the rate-setting committee split 8-4. HSBC strategists said in a note Tuesday that U.S. Treasurys have entered a "danger zone", warning that sticky inflation and hawkish rate expectations could start heaping pressure on broader risk assets. Oil prices edged lower on Wednesday morning, after two Chinese tankers carrying about 4 million barrels of oil exited the Strait of Hormuz. U.S. West Texas Intermediate prices were some 0.3% lower at $103.70% a barrel, as Brent crude, the international benchmark, dipped 0.4% to $110.83 per bar...

MoMo Productions/DigitalVision via Getty Images In the months that followed my previous coverage , macroeconomic volatility intensified and was exacerbated by external factors. Lincoln National Corporation ( LNC ) has also experienced the impact as its value remains flat with a 4% decrease from the price in my previous analysis. While this may suggest that I was a bit too early for a hold-to-buy upgrade, I believe that market fears will create a lot of buying opportunities. As you can see, valuation is already cheaper, while fundamentals remain unperturbed. Technicals adhere to them as new entry points open again. LNC Q1 2026: Solid and Sound The US economy is showing uncertainty as inflation intensifies, aggravated by external disruptions like tariffs and skyrocketing oil prices. Even established insurance businesses like Lincoln National Corporation are not completely insulated from the headwinds, as these can affect pricing power, retention rates, and margins. Yet, its solid underwriting strategies, well-diversified business segments, and prudent investment management allow it to protect its growth and margins. This was evident in its most recent report. In Q1 2026, its operating revenue amounted to $5.31 billion , up by 13.1% YoY from $4.69 billion. This YoY growth strengthened from my previous coverage with a YoY decrease of 2.5%. This showed its strong core and non-core operations as revenue and income streams improved. You can note that its insurance premiums decreased a bit from $1.676 billion to $1.674 billion. But overall, this still appeared flat and stable, which we can attribute to its disciplined and balanced approach to growth. This was most likely due to its Group Protection Segment, as sales decreased by 4.5%, from $157 million to $150 million . But somehow, I think that is normal in line with its prudent pricing management. LNC may have tried to veer away from underpriced markets or clients just to grow sales. It has to consider higher disability r...

三星电子与其最大工会的谈判破裂，该工会告诉当地媒体，它将按计划罢工，势将扰乱这家全球最大记忆体芯片制造商的营运

Richard Drury/DigitalVision via Getty Images By Mari Shor, CFA A year ago, tariff uncertainty and recession risk dominated our outlook for the sector. Today, conditions are more constructive. Consumer spending has proven more resilient than the macroeconomic backdrop would predict. Given geopolitical uncertainty, rising energy prices and a still-unsettled tariff environment, a more cautious view of the U.S. consumer would be understandable. The data tells a different story. Wage growth has stabilized, manufacturing and services Purchasing Managers' Index (PMI) is improving, and the goods-versus-services rebalancing that weighed on discretionary categories for much of the past three years has largely run its course. Further, tax refunds provided a significant boost to aggregate spending in the first quarter. While this benefit will moderate throughout the remainder of the year, we still expect underlying spending growth to remain relatively strong given these supportive factors. We are more bullish on the sector than we were a year ago, reflecting reduced recession risk and greater tariff visibility. Consumer backdrop: Bullish, with a steepening K-shaped recovery The aggregate consumer picture is more supportive than it appears. Stabilizing inflation in key categories and relatively strong wage growth and employment underpin our constructive view. PMIs exhibit the strongest coincident correlations with consumer discretionary performance of any macroeconomic indicator we track, and improving readings represent a meaningful bullish signal for retail stocks in 2026. However, the aggregate data masks an important concentration. The top 40% of earners drive approximately 70% of aggregate discretionary spending while owning roughly 94% of equities and financial assets. Since the end of 2020, U.S. household equity in real estate is up 61%. Higher-income consumers have an outsized impact on the sector-level figures, which creates a specific risk: a sustained equity market co...

Adell Harriman & Carpenter Inc. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 74.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,273 shares of the semiconductor manufacturer's stock after buying an additional 2,250 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Advanced Micro Devices were worth $1,129,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Joseph Group Capital Management acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $25,000. Koesten Hirschmann & Crabtree INC. increased its stake in shares of Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares during the period. Aviso Financial Inc. raised its holdings in shares of Advanced Micro Devices by 400.0% during the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after buying an additional 160 shares during the last quarter. Delos Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 100.0% during the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after buying an additional 100 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its position in shares of Advanced Micro Devices by 74.1% during the third quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock. Get Ad...

ABN AMRO Bank N.V. lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 27.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,106 shares of the social networking company's stock after buying an additional 20,354 shares during the quarter. ABN AMRO Bank N.V.'s holdings in Meta Platforms were worth $62,924,000 at the end of the most recent quarter. Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares in the last quarter. Headwater Capital Co Ltd boosted its holdings in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in Meta Platforms in the second quarter valued at $213,000. Finally, Capital & Planning LLC bought a new position in Meta Platforms in the second quarter valued at $322,000. Institutional investors own 79.91% of the company's stock. Get Meta Platforms alerts: Sign Up Wall Street Analyst Weigh In A number of research firms recently issued reports on META. Sanford C. Bernstein lowered their target price on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating on the stock in a research report on Thursday, April 30th. Guggenheim reduced their price target on Meta Platform...

ABN AMRO Bank N.V. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,017 shares of the information services provider's stock after acquiring an additional 39,597 shares during the quarter. Alphabet makes up about 1.3% of ABN AMRO Bank N.V.'s portfolio, making the stock its 27th biggest position. ABN AMRO Bank N.V.'s holdings in Alphabet were worth $136,439,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Brighton Jones LLC lifted its holdings in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Alphabet by 76.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock worth $330,886,000 after buying an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Alphabet in the second quarter valued at about $658,000. Financial Advisors Network Inc. raised its position in shares of Alphabet by 7.7% in the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after buying an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its stake in shares of Alphabet by 10.7% in the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock worth $6,618,000 after buying an additional 3,616 shares in the last quarter. 27.26% of the stock is currently...

Absher Wealth Management LLC lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 76,038 shares of the software giant's stock after selling 1,916 shares during the period. Microsoft comprises about 4.4% of Absher Wealth Management LLC's portfolio, making the stock its 3rd largest holding. Absher Wealth Management LLC's holdings in Microsoft were worth $36,773,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds have also modified their holdings of the company. Longfellow Investment Management Co. LLC grew its holdings in shares of Microsoft by 51.3% in the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant's stock valued at $29,000 after purchasing an additional 20 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $38,000. Fairway Wealth LLC raised its position in shares of Microsoft by 287.0% during the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant's stock valued at $43,000 after buying an additional 66 shares during the period. LSV Asset Management acquired a new position in Microsoft in the fourth quarter valued at approximately $44,000. Finally, Sellwood Investment Partners LLC acquired a new position in Microsoft in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 71.13% of the company's stock. Get Microsoft alerts: Sign Up Key Stories Impacting Microsoft Here are the key news stories impacting Microsoft this week: Insiders Place Their Bets In other Microsoft news, EVP Amy Coleman sold 1,262 shares of Microsoft stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the completion of the sale, the execu...

Adell Harriman & Carpenter Inc. cut its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,599 shares of the wireless technology company's stock after selling 8,110 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Qualcomm were worth $6,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after acquiring an additional 340 shares during the period. Sivia Capital Partners LLC increased its stake in Qualcomm by 44.3% during the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock worth $530,000 after acquiring an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC raised its position in Qualcomm by 6.1% in the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock valued at $920,000 after purchasing an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC raised its position in Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock valued at $1,083,000 after purchasing an additional 603 shares during the period. 74.35% of the stock is currently owned by hedg...

中芯國際(00981)出現大手賣出7.55萬股，成交價$75.1，涉資567.005萬 AASTOCKS.com

格隆汇5月20日丨航运期货涨幅居前，集运指数(欧线)涨8.19%；油脂油料多数上涨，菜油涨2.30%；基本金属多数上涨，沪锡涨2.05%；黑色系多数上涨，不锈钢涨1.57%；化工品多数上涨，沥青涨1.55%；新能源材料多数上涨，多晶硅涨1.38%；贵金属跌幅居前，铂金跌2.07%；非金属建材全部下跌，PVC跌2.00%；能源品多数下跌，低硫燃料油跌0.83%；农副产品多数下跌，玉米淀粉跌0.48%。

5月19日开盘，“纸尿裤材料大王”延江股份(300658.SZ)一字跌停，报15.02元/股，跌幅达20.02%，市值蒸发约12.5亿元，总市值约50亿元。5月20日，延江股份继续低开，截至午间收盘跌幅6.92%。 5月18日晚间，公司宣布终止筹划4个多月的重大资产重组，放弃收购宁波甬强科技有限公司（以下简称“甬强科技”）98.54%股权。 这场备受瞩目的跨界并购最终因各方未能就业绩对赌、并购估值定价等关键核心条款达成一致而流产。 01 延江股份在今年1月份发布的交易预案显示，此次收购的交易方为甬强科技的28名股东，包括贺江奇、袁强、宁波源路载科技合伙企业（有限合伙）（以下简称“源路载科技”）等个人和公司。 其中，贺江奇和袁强为一致行动人，两人通过直接或者间接的方式合计控制甬强科技42.96%的股权，是甬强科技的控股股东及实际控制人。延江股份将通过发行股份及支付现金购买资产完成后，贺江奇及其控制的源路载科技合计持有的延江股份的股份比例预计将超过5%。 自2025年末延江股份与贺江奇、袁强、源路载科技签署《意向协议》以来，延江股份在2月至4月多次发布关于收购事项的进展公告，今年4月末，延江股份董秘在回应投资者关于此次收购进展时还表示“目前该重组相关工作还在进行中”。 对于此次终止收购甬强科技相关事项，5月19日，延江股份方面向时代财经表示：“公司刚终止收购项目，管理层尚在复盘本次交易相关情况。” 02 收购甬强科技是延江股份试图从传统卫生材料行业向半导体高端材料领域转型的关键一步。 成立于2000年的延江股份是国内一次性卫生用品核心原材料龙头企业，主营无纺布、打孔膜、热风非织造布等产品，主要应用于纸尿裤、卫生巾等母婴及女性卫生用品领域，同时拓展医疗、擦拭材料等应用场景。公司已经陆续在美国、新加坡、埃及、印度等地设立子公司，主要客户包括宝洁等。 根据延江股份2025年财报，公司去年的营业收入约17.43亿元，同比增加17.38%，扣非归母净利润约1940.6万元，同比增加8.24%；经营活动产生的现金流净额约2.69亿元，同比增加107.74%；每股收益为0.12元/股，同比增加50%。 其中，打孔热风无纺布业务实现营业收入12.14亿元，同比增加23%；PE打孔膜及复合膜业务实现营业收入3.62亿元；其他主营业务、无纺布腰贴等合计实现营业收入1.66亿元，同比增长18...

jimfeng/iStock Unreleased via Getty Images As I covered some months ago, Intesa Sanpaolo, Inc. 's ( ISNPY ) investment case was largely related to its high-dividend yield, as I saw upside potential as somewhat limited due to rate headwinds in Europe and a premium valuation to its own history and also compared to its peers. Not surprisingly, its shares have returned about 5% since last October, a performance that is slightly below the overall stock market ( SPY ) during the same period. Intesa article overview (Seeking Alpha) Despite that relatively weak performance, the Italian bank has maintained a relatively good operating momentum over the past few quarters. Indeed, Intesa has recently released its Q1 2026 earnings , reporting quarterly record revenues and earnings, showing that its strategy implemented over the past few years to diversify its business was the right one, with other revenue lines showing a good performance that was enough to offset rate headwinds. In Q1 2026, Intesa 's revenues amounted to €7.1 billion, up by 5.3% YoY. This is a very positive development considering the challenging interest rate environment in Europe, as the European Central Bank (ECB) maintained an interest rate cut path during the first half of 2025, making annual comparisons tougher. Considering that Intesa, like most Southern European banks, has a relatively high reliance on variable-interest-rate loans, lower market rates are a headwind for net interest income (NII). Given this backdrop, the bank 's NII was negatively affected by spreads during the first quarter of the year, but Intesa was able to offset this by higher loan volumes and deposit hedges placed in recent years, which protected its NII in a significant way. NII and Euribor charts (Company data) As can be seen in the previous graph, while the benchmark rate Euribor 1M declined by some 65 basis points (bps) year-on-year, Intesa 's NII was practically flat during the first quarter of 2026, supported largely by the ba...

GE Vernova ( GEV ) declares $0.50/share quarterly dividend , in line with previous. Payable July 14; for shareholders of record June 16; ex-div June 16. See GEV Dividend Scorecard, Yield Chart, & Dividend Growth. More on GE Vernova GE Vernova: Why I Believe This Power Infrastructure Winner Has 60% Upside We Continue To Need Power, Power And More Power: And That's Still Bullish For GE Vernova GE Vernova: The Warning Signs That Nobody Is Paying Attention To Right Now Top Quant-rated stocks from Jefferies’ Franchise picks list Quant ratings on Coatue Management's top holdings: TSM, GEV, LRCX, AMAT, AVGO

格隆汇5月20日｜A股三大指数今日涨跌不一，截至收盘，沪指跌0.18%报4162点，深证成指平收，创业板指涨0.34%，科创50指数涨3.2%创历史新高。全市场成交额2.98万亿元，较前一交易日增量675亿元，超3800股下跌。 盘面上，国产存储双雄长江存储、长鑫科技冲刺IPO，半导体、存储芯片板块走高，上海合晶、兆易创新等多股涨停，华虹公司涨超18%创新高；氟化工板块活跃，多氟多涨停；光刻机板块走强，晶方科技等多股涨停；光学元件、逆变器及有机硅等板块涨幅居前。另外，电力股下挫，浙能电力、京能电力及大唐发电等多股跌停；三大电信运营商走低，中国电信跌逾6%；盲盒经济板块走弱，高乐股份跌停；公用事业、教育及轮毂电机等板块跌幅居前。(格隆汇)

5月20日下午，国家主席习近平和俄罗斯总统普京在北京人民大会堂共同出席“中俄教育年”开幕式并致辞。(央视新闻) 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

Earnings Call Insights: ZTO Express (Cayman) Inc. (ZTO) Q1 2026 Management View "In the first quarter of 2026... parcel volume reached 9.67 billion, up 13.2% year-over-year... with market share expanding by 1.2 percentage points" (Founder, Chairman & CEO Meisong Lai). "Adjusted net income was RMB 2.38 billion, up 5.2% year-over-year" and "excluding non-operating items, adjusted operating profit increased to 22% year-over-year" (CEO Lai). "Our retail parcel volume grew 65% year-over-year" and "combined unit cost of transportation and sorting decreased by RMB 0.06 year-over-year" (CEO Lai). "Our total revenue increased 22% to RMB 13.3 billion" and "excluding non-operating factors... our adjusted operating profit increased by 22% to reach RMB 2.6 billion" (Chief Financial Officer Huiping Yan). Outlook "We anticipated annual CapEx in 2026 to be around RMB 6 billion" (CFO Yan). "We are maintaining our previous guidance for the year that parcel volume growth of 10% to 13% year-over-year, representing a parcel volume range of 42.37 billion to 43.52 billion" (CFO Yan). Compared with the prior quarter, ZTO again said it "anticipated our parcel volume for 2026 to grow in the range of 10% to 13% year-over-year" (CFO Yan, Q4 2025) and Q1 2026 stated it was "maintaining our previous guidance" (CFO Yan). Financial Results "Parcel volume grew by 13.2% to 9.7 billion" and "adjusted net income was RMB 2.4 billion" (CFO Yan). "Gross profit increased 20.3% to RMB 3.2 billion" and "gross profit margin rate decreased slightly by 0.3 percentage points to 24.4%" (CFO Yan). "Income from operations increased 5.8% to RMB 2.5 billion" and "operating cash flow was RMB 2.8 billion for the quarter, representing an 18% increase" (CFO Yan). "Unit cost of line haul transportation decreased 10.5% to RMB 0.37" and "unit sorting costs decreased 6.4% to RMB 0.25" (CFO Yan). Q&A Qianlei Fan, Morgan Stanley: asked about "unit cost reduction" drivers, "diesel price hikes," and whether pricing can "pass th...

老牌国货中，像洁丽雅一样靠流量翻红的企业并不多。但最近，洁丽雅家族却被“泼天的流量”反噬了。 先是“毛巾少爷”石展承在综艺上被问到洁丽雅为何迟迟不上市时，他调侃称：“家里人已经这么多了，你再分一下，那就会更乱了”，瞬间点燃了网友对豪门权力分配的好奇。 紧接着流传出的40周年庆典家族合影中，“毛巾少爷”石展承又被拍到站位边缘，还引发了“父子变连襟”传闻，最终洁丽雅连夜报案、晒出一连串证据自证清白。 作为企三代，“毛巾少爷”石展承曾是流量的宠儿：自导自演的《毛巾帝国》播放量破亿，短视频平台粉丝超百万，一场直播首秀就狂揽500万，硬生生把一个沉寂的老牌国货变成了企业年轻化破局的样本。 但当初流量捧得有多高，反噬来得就有多猛。短短几天，这个曾经熬过债务风波、靠流量翻红的老牌国货，就陷入了舆论争议的漩涡中心。 连夜报警验DNA！豪门传闻背后，洁丽雅家族的权力布局 几天前，洁丽雅高调举办40周年庆典，创始人石昌佳、董事长石磊、总裁石晶、“毛巾少爷” 石展承同框。其中，两代人的配偶章晓梅、章晓燕的名字因仅有一字之差，“父子变连襟”的传闻迅速引爆全网。 面对铺天盖地的争议，洁丽雅直接选择了报案，紧跟着“毛巾少爷”也在视频下发声： “我们一大家子感情很好很团结，也绝对没有网上说的离谱关系！那没有眉毛的老头就是我亲叔叔！这几天我很心疼他！事到如今我也希望各位支持我们的朋友不要被网上舆论带偏。谢谢大家。” 最新消息是，洁丽雅已经在官方微博上公布了DNA鉴定、结婚证、出生证等各种材料澄清传闻。DNA鉴定显示，“倾向认为章晓梅和章晓燕为无关个体”。 这场风波之所以如此牵动神经，是因为洁丽雅作为一个横跨三代人的家族企业，背后的家族叙事本就复杂而引人注目。 洁丽雅创建于1986年，创始人石昌佳老爷子抓住国有企业改制的机遇，在浙江诸暨接手了一家濒临倒闭的厂子，虽然当时设备老旧、亏损严重，但他硬是带着几十个工人把厂子给盘活了。 1995年，长子石磊辞掉铁饭碗，和老爷子一起创立自主品牌，次年“洁丽雅”商标正式注册，家族企业初见雏形，随后铺开全国渠道，还拿下“中国驰名商标”的荣誉。 到了2025年，洁丽雅的品牌价值已攀升至402.95亿元，较2018年增幅近300%，连续多年位居家纺行业榜首，妥妥的“毛巾大王”。 但家族企业越大，越容易出现争权夺利的事儿，所以网友们格外关注洁丽雅的权力分工和股权结构。 ...

Logitech ( LOGI ) board of directors has approved a proposal for a Fiscal Year 2026 cash dividend, which, if approved by shareholders, would be an increase of CHF 0.10, from CHF 1.26 to CHF 1.36 per share. See LOGI Dividend Scorecard, Yield Chart, & Dividend Growth. More on Logitech Logitech International S.A. (LOGI) Q4 2026 Earnings Call Transcript Logitech: Not Enough Growth To Pull Me In Logitech International S.A. (LOGI) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Logitech expects Q1 FY27 net sales growth of 2% to 4% amid increased AI and B2B investments Logitech Non-GAAP EPS of $1.13 beats by $0.03, revenue of $1.09B beats by $10M

中芯國際(688981)2026年一季度業績點評：1Q業績和2Q指引超預期 AI需求和製造回流帶動運營情況樂觀 富途牛牛