Legend Holdings announced 2016 net profit in the first half of the interim performance of 4 billion 猎宝天下

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Lenovo released 2016 interim results first half net profit of 4 billion 214 million yuan a thousand thousand shares hot column capital flows on stock diagnosis the latest rating simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference is worthwhile to invest in Hong Kong stocks? What’s the problem? Where is the future? Sina Hong Kong stocks launched "Hong Kong stocks are not attractive" big discussion, with a rational and constructive attitude, welcome to pay attention to Hong Kong stocks, people concerned about the capital market, together with Hong Kong stocks for advice and suggestions, and conspiracy of Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Financial Summary: 6 months ended June 30, 2016, revenue was 134 billion 984 million yuan; with a net profit of 4 billion 214 million yuan, net profit attributable to shareholders of 2 billion 584 million yuan; basic earnings per share of 1.10 yuan. [2016 August 30th – Hongkong] Cmi Holdings Ltd ("Lenovo Lenovo" or the "company"; Stock Code: 3396.HK) today announced the 6 months ended June 30, 2016 (reporting period) the unaudited condensed consolidated interim results. As of June 30, 2016, the company’s income was RMB 134 billion 984 million yuan, the net profit attributable to shareholders was RMB 2 billion 584 million yuan, and the basic earnings per share was RMB 1.10 yuan. By virtue of the unique strategic investment + financial investment "double business collaboration driven innovation business model, Lenovo holdings through the focus in the field of overseas investment opportunities, and through active investment value-added services, continuous improvement and sustained release of portfolio value. In addition, the company carried out to optimize the debt structure and reduce the long term cost of capital; at the same time, after the listing of the long-term incentive plan will be able to attract and motivate talents, which provides a guarantee for the sustainable development of the company, so as to more effectively promote the realization of the strategic objectives of the company. In the first half of 2016, there is still great uncertainty in the global macroeconomic and political environment, and China’s domestic structural reform is also in a critical stage, which will have a short-term impact on the enterprise. Relying on deep insight and understanding of the China economy and enterprise management and operation of the 30 years of accumulation, as well as more than ten years of financial investment to complete the layout, Lenovo holdings will focus on strategic financial services, medical services, agriculture and food consumption as well as the innovation of new economic growth engine, give full play to the ability to create their own value, the steady growth of investment strategy business value, continue to release, the financial investment for the company continued to contribute to profits." Mr. Zhu Linan, President of Lenovo Holdings said, "in the future, enhance the level of strategic investment in value, we will increase support for the management and service to meet the Chinese new normal development trend of the business, help its companies to grasp the opportunities of the times, quickly became the outstanding enterprises of the industry, realize the value jumped and high returns will help its; by the large investment companies to further tap the influence of external environment 联想控股公布2016中期业绩 上半年净利42.14亿元 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经App:直播上线 博主一对一指导 新浪港股APP:实时行情 独家内参   港股还值不值得投资?出现了什么问题?未来出路在哪里?新浪港股发起“港股还有没有吸引力”大讨论,以理性、建设性的态度,欢迎关注港股、关注资本市场的人士,一起为港股建言献策,共谋港股市场的明天。来稿请至hkstock_biz@sina 。   财务摘要:    截至2016年6月30日止6个月:    收入为人民币1,349.84亿元;     合并净利润为人民币42.14亿元,股东应占净利润为人民币25.84亿元;    每股基本收益为人民币1.10元。    [2016年8月30日-香港] 联想控股股份有限公司(“联想控股”或“公司”;股份代号:3396.HK)于今日正式宣布其截至2016年6月30日止6个月(“报告期”)之未经审计简明综合中期业绩。截至2016年6月30日,公司收入人民币1,349.84亿元,股东应占净利润为人民币25.84亿元,每股基本收益为人民币1.10元。    凭借独特的“战略投资 + 财务投资”双轮业务协同驱动的创新商业模式,联想控股通过把握聚焦领域内的海内外投资机会,和通过积极的投后增值服务,不断提升并持续释放投资组合价值。此外,公司开展债务结构的优化并有效降低了长期的资金成本;同时,上市后的中长期激励计划亦能够吸引和激励人才,这些都为公司的持续发展提供了保障,从而更加有力地促进公司战略目标的实现。    “2016年上半年,全球宏观经济政治环境仍存有较大不确定性,中国国内结构性改革亦处于攻坚阶段,这会对企业带来一定的短期影响。依托30年积累的对中国经济和企业管理与运作的深刻洞察与理解,以及十余年对财务投资的完整布局,联想控股将战略聚焦于金融服务、医疗服务、农业和食品以及创新消费等新经济增长引擎,充分发挥自身价值创造能力,战略投资业务稳步成长,价值不断释放,财务投资亦为公司持续贡献利润。”联想控股总裁朱立南先生表示,“未来,在战略投资的价值提升层面,我们将加大对符合中国新常态发展趋势下的业务的管控与服务支持,帮助旗下企业把握时代机遇,迅速成为行业的卓越企业,实现价值跃升和高额的回报;将帮助旗下受到外部环境影响较大的被投企业进一步挖掘潜力,部分业务考虑通过优化的方式进行调整;及时优化和调整我们的债务结构,有效降低资金成本,进而提升盈利能力。同时,我们的财务投资在继续布局新兴和创新行业外,也将密切关注资本市场的情况,把握窗口机遇推进被投标的上市或者实现退出。”    战略投资    聚焦领域价值持续释放 着眼布局海外优质资产    报告期内,联想控股包括金融服务、现代服务、现代农业和食品以及化工与能源材料在内的战略投资板块业务持续成长,并投资金融服务以及农业领域的海外优质资产,其中:   现有战略投资组合中,金融板块持续健康发展,正奇金融及君创租赁业务发展保持强劲势头,拉卡拉利润贡献持续增长。现代服务板块在聚焦的行业中继续深耕,拜博口腔业务扩展顺利,联想控股亦在社会资本办医领域进一步拓展。神州租车带来强健盈利贡献的同时,持续巩固其在中国租车市场的领先地位。现代农业和食品板块中,佳沃鑫荣懋水果业务的盈利能力与协同效应已开始体现,丰联集团成功实现扭亏为盈。同时,化工与能源材料的收入及净利同比录得大幅增加。    新增投资中,投资英国领先的养老保险公司Pension Insurance Corporation Group,开始布局海外优质金融资产;收购澳大利亚领先的水产供应链企业KB Seafoods,通过重点拓展中国海鲜市场,公司将推动其成为中国海鲜产业的领导者。    IT:于报告期内,收入人民币1,252.34亿元。联想集团通过切实执行战略,进一步巩固其个人电脑全球第一的位置,市场份额持续增长。根据行业初步估计,在2016年第二季度,其全球市场份额同比上升0.4个百分点至21.1%。同时,把握智能设备潜在的高增长机遇,其宣布的全球第一款具备增强现实(AR)功能的智能设备P-HAB2 Pro,展示出强大研发能力。移动业务通过业务重组,精简产品,经营利润率略有提升,目前除中国区尚在执行重组外,其他地区业务继续保持稳定及增长势头。联想集团将在各业务中推行高效的架构和具竞争力的成本结构,推动更具创新力、更以客户为中心的产品和服务,预计其业务转型将逐步实现预期效益。     金融服务:   于报告期内,收入人民币5.55亿元。公司在金融服务领域布局广泛,已取得多项金融牌照及许可,基于众多被投企业和客户资源,大力推动金融业务协同发展,实现净利润人民币11.22亿元,同比增长78%。经过三年多发展,正奇金融已逐步发展成为跨区域并在国内有一定影响力的中小企业融资服务提供者,净利润同比增长143%至人民币5.78亿元。君创租赁自2015年11月成立后,融资租赁业务实现健康成长与盈利贡献;拉卡拉盈利能力持续增长,其共生发展的综合性金融服务平台业务领先优势,支付业务的稳健发展和金融业务的高速增长,为联想控股形成了持续增长的利润贡献;2016年5月,公司投资PICG,附属公司Pension Insurance Corporation(PIC)是英国领先的养老保险公司之一,涉资1.11亿英镑,占PICG发行后总股本的5.44%,公司看好全球养老保险市场的长远发展,同时将持续关注海外的优质金融资产。    现代服务:   于报告期内,收入人民币9.41亿元。拜博口腔在全国范围内加快战略布局,规模发展和医疗技术齐头并进,已开业180家医院和诊所,同比增长89.5%,牙科专用椅数量同比增长201%至2,290张,医生数量同比增长39.0%至934名。神州租车完成股权重组,进一步加强和梳理了传统租车业务和互联网创新业务之间的协同,更好地捕捉新增长机遇,净利润大幅增加至人民币10.62亿元,同比增长160.9%;车队总规模达99,727辆,同比增长17.7%;在全国所有省份93个城市拥有764个直营服务网点;以B2C模式销售二手车的“神州准新车”门店增加到14个。     现代农业和食品:   于报告期内,收入人民币12.25亿元。现代农业和食品板块持续围绕消费升级、模式创新、产业整合及海外资源等重大机遇寻找投资机会,实现收入大幅提升,同比增长33.2%,整体实现盈利。佳沃集团水果业务通过整合鑫荣懋销售渠道,产业链各环节能力更加均衡,协同效应明显。佳沃鑫荣懋已成为国内最大的水果全产业企业,通过系统整合国内最大的蓝莓和猕猴桃种植基地、最大的超商供应商、智利优质水果种植基地等产业链优质资源,构建起了特有的“三全模式”。2016年蓝莓产季产量再创新高增产30%,平均售价提高15%,鲜果出成率超过90%,遥遥领先行业平均水平。同时,联想控股积极推动丰联集团在产品结构和资本结构的优化改善,丰联集团在报告期内实现扭亏为盈。报告期内,新增控股投资的KB Food持有澳大利亚最大的海鲜食材供应商KB Seafoods 100%的股份,与全球超过500家供应商合作,成功打造了“全球资源+澳大利亚消费”的商业模式。投资后,联想控股对其原有业务整合顺利,预计在未来成功打造“全球资源+中国消费”的商业模式,推动KB Food发展成为中国海鲜产业的领导者。    房地产:   于报告期内,收入人民币44.87亿元。附属公司融科智地签约面积和销售回款均较上期大幅增加。融科于2016年5月31日成功发行人民币25亿元公募债。在大幅降低利息支出之上,此次发债改善了融科的债务来源、期限结构,为其长远的发展打下基础。     化工与能源材料:   于报告期内,收入人民币25.68亿元。为支持其后续更好的独立发展,公司通过对联泓集团债转股以改善其资本结构。业务方面,通过持续提升DMTO等装置生产运行管理水平,加大市场开发力度,联泓集团新材料业务表现出了较强的盈利能力。星恒电源完成新一轮融资,同时抓住产品市场快速增长机遇,收入与盈利均获得大幅提升,2016年上半年纯电动物流车锂电池�量销量超过去年全年销量,星恒电源海外销售收入同比增加51%。化工与能源材料板块实现收入同比大幅增长283%,净利润人民币1.29亿元,较去年同期增长十分显著。    财务投资    打造全生命周期价值链条 持续创造投资回报    报告期内,资本市场环境较去年同期发生较大变化,对基金组合价值及分配收益造成影响,财务投资板块投资收入及收益为人民币4.15亿元,净利润为人民币8.32亿元。然而作为中国另类投资行业的先行者,联想控股通过天使投资、风险投资、私募股权投资及其他投资等各个平台,持续寻求企业发展不同阶段的投资机会,新基金募集顺利进行。基于自身财务投资业务的特点与优势,联想控股亦积极推动财务投资各平台之间,以及财务投资与战略投资业务之间的协同与资源共享,为公司持续贡献财务回报及价值成长。同时,通过联想之星、君联资本和弘毅投资,联想控股获得了众多投资机会,促进了在投资领域扩张网络、拓宽资讯来源、捕捉更多投资机会及分散投资风险。    君联资本(风险投资)    报告期内,共管理16期美元及人民币基金,新募基金的募资总额折合人民币33亿元,投资主题涵盖TMT及创新消费、现代服务、健康医疗、文化体育领域内的初创期与成长期中国企业及跨境机会。报告期内,累计完成27项新项目投资,全部或部分退出项目10个,在管企业内有2家在新三板挂牌。    截至2016年6月30日,君联资本共有37家被投企业成功上市,7家企业在新三板挂牌,退出项目的内部平均收益率介乎35%至40%之间。    弘毅投资(私募股权投资)     报告期内,弘毅投资共管理10期股权投资以及夹层基金,新募基金募资总额为22亿美元,PE基金主要关注国企改制、民企成长及跨境并购等方向,并持续在消费、服务、大健康、先进制造及移动互联等领域进行行业专注的投资实践。PE基金完成4个新项目或原有项目的追加投资,涵盖医疗、TMT、文化传媒等多个领域的创新或成长型企业,夹层基金完成3笔投资。报告期内,PE基金共完成5个项目的完全或部分退出,在管企业有2家在国内外资本市场上市。  截至2016年6月30日,弘毅投资共有35家被投企业成功在境内外上市(含PIPE投资)及3家在新三板挂牌,已完全退出其于33家公司的投资,其内部收益率的中位数在20%以上。    联想之星(天使投资)    报告期内,管理基金规模约为人民币15亿元,系统性布局TMT、医疗健康和智能机器三个方向,为投资企业提供高附加值的增值服务,助力企业快速成长。已经累计投资超过150个项目。2016年上半年新增投资23个项目,共计19个项目实现下一轮融资。  展望未来,联想控股董事长柳传志先生表示:“中国的经济结构正处于转变过程中,政府、企业和民众都在积极探索并发掘中国未来经济增长的驱动力所在。我们认为,中国新的增长引擎正逐步转向消费与服务业。联想控股将坚持双轮驱动的业务模式,聚焦自身战略领域,结合全球环境变化与趋势,积极布局和优化调整,全力推动企业战略的实施,努力打造价值持续成长的多元化投资组合。”    关于联想控股股份有限公司:    联想控股是中国领先的大型投资集团,公司构建起了“战略投资 + 财务投资”双轮业务协同驱动的创新商业模式。战略投资业务分布于IT、金融服务、现代服务、现代农业和食品、房地产以及化工与能源材料六大板块;财务投资业务主要包括天使投资、风险投资及私募股权投资,覆盖企业成长的所有阶段。过往三十多年中,在创始人、董事长柳传志先生及总裁朱立南先生的领导下,公司通过把握中国经济发展的重要主题、灵活的投资手法及丰富的管理经验,打造并在持续培养一批有影响力的优秀企业。目前公司的战略投资主要聚焦于金融服务、医疗服务、农业和食品、以及创新消费等四大领域。公司于2015年6月29日在香港交易所主板上市。 进入【新浪财经股吧】讨论相关的主题文章:

YAHOO lost 15% jobs in the fourth quarter 爱情润滑剂

Miscellaneous

YAHOO fourth quarter turn announced 15% job cuts to view the latest market Sina Technology News Beijing time on February 3rd morning news, YAHOO today released the fiscal year 2015 ended December 31st fourth quarter and full year earnings. The report shows that YAHOO’s fourth quarter revenue of $1 billion 273 million, $1 billion 253 million higher than the same period last year; net loss attributable to YAHOO in the fourth quarter was $4 billion 435 million compared to the same period last year, net profit attributable to YAHOO for $166 million. YAHOO fourth quarter revenue exceeded Wall Street analysts expected adjusted earnings per share is expected, but the company announced 15% job cuts and close 5 offices worldwide, to promote its after hours stock price fell nearly 3%. Excluding certain one-time items (not in accordance with GAAP), Yahoo quarter adjusted earnings per share 13 cents lower than last year’s 30 cents, with analysts had expected. Financial information supplier FactSet survey showed that analysts had expected YAHOO’s fourth quarter earnings of 13 cents per share on average. Excluding traffic acquisition costs, YAHOO’s fourth quarter revenue was $1 billion 2 million, down from $1 billion 179 million in the same period last year, exceeding analysts’ expectations. FactSet survey showed that analysts had expected YAHOO’s fourth quarter revenue of $948 million. YAHOO also announced plans that the company will cut 15% employees and explore strategic options for its core business. YAHOO said it would cut its workforce to 9000 by the end of 2016, and shut down 5 offices globally. On the same day, YAHOO shares fell $0.51 in the NASDAQ conventional trading, to close at 29.06 U.S. dollars, down 1.72%. In the ensuing at 17:41 U.S. Eastern time (Beijing time 3 6:41) after hours trading, YAHOO shares fell another $0.85 to $28.21, a decline of 2.92%. For the past 52 weeks, YAHOO’s highest price was $46.17, and the lowest price was $27.20. The main results of the fourth quarter revenue — YAHOO in the fourth quarter of $1 billion 273 million, higher than the same period last year to $1 billion 253 million; — YAHOO fourth quarter show business revenue of $601 million, up 13% over the same period last year, $532 million; — YAHOO fourth quarter show business revenue (excluding traffic acquisition costs) was $472 million, higher than the over the same period last year, $464 million; the fourth quarter — YAHOO search business revenue of $522 million, up 12% over the same period last year, $467 million; the fourth quarter — YAHOO search business revenue (excluding traffic acquisition costs) was $381 million lower than the same period last year, $462 million; — YAHOO fourth quarter revenue of $150 million of other. For the same period last year to $254 million in the fourth quarter — YAHOO; Other revenue (excluding traffic acquisition costs) was $150 million, compared with 2 last year

雅虎第四季度同比转亏 宣布裁员15% 查看最新行情   新浪科技讯 北京时间2月3日凌晨消息,雅虎今天发布了截至12月31日的2015财年第四季度及全年财报。报告显示,雅虎第四季度营收为12.73亿美元,高于去年同期的12.53亿美元;第四季度归属于雅虎的净亏损为44.35亿美元,相比之下去年同期归属于雅虎的净利润为1.66亿美元。雅虎第四季度营收超出华尔街分析师预期,调整后每股收益也符合预期,但该公司宣布裁员15%并关闭5个全球办事处,推动其盘后股价下跌近3%。   不计入某些一次性项目(不按照美国通用会计准则),雅虎第四季度调整后每股收益为13美分,低于去年同期的30美分,符合分析师此前预期。财经信息供应商FactSet调查显示,分析师此前平均预期雅虎第四季度每股收益为13美分。不计入流量获取成本,雅虎第四季度营收为10.02亿美元,低于去年同期的11.79亿美元,超出分析师预期。FactSet调查显示,分析师此前平均预期雅虎第四季度营收为9.48亿美元。   雅虎同时宣布计划称,该公司将裁减15%员工,并为其核心业务探索各种战略性选择。雅虎表示,该公司将在2016年底以前将其员工总数裁减至9000人,并在全球范围内关闭5个办事处。   当日,雅虎股价在纳斯达克常规交易中下跌0.51美元,报收于29.06美元,跌幅为1.72%。在随后截至美国东部时间17:41(北京时间3日6:41)的盘后交易中,雅虎股价再度下跌0.85美元,至28.21美元,跌幅为2.92%。过去52周,雅虎的最高价为46.17美元,最低价为27.20美元。   第四季度主要业绩:   ――雅虎第四季度营收为12.73亿美元,高于去年同期的12.53亿美元;   ――雅虎第四季度显示业务营收为6.01亿美元,比去年同期的5.32亿美元增长13%;   ――雅虎第四季度显示业务营收(不计入流量获取成本)为4.72亿美元,高于去年同期的4.64亿美元;   ――雅虎第四季度搜索业务营收为5.22亿美元,比去年同期的4.67亿美元增长12%;   ――雅虎第四季度搜索业务营收(不计入流量获取成本)为3.81亿美元,低于去年同期的4.62亿美元;   ――雅虎第四季度其他营收为1.50亿美元,去年同期为2.54亿美元;   ――雅虎第四季度其他营收(不计入流量获取成本)为1.50亿美元,去年同期为2.53亿美元;   ――雅虎第四季度不计流量获得成本(TAC)的营收为10.02亿美元,低于去年同期的11.79亿美元;   ――雅虎第四季度运营亏损为45.30亿美元,相比之下去年同期的运营利润为3200万美元。不按照美国通用会计准则(不计入股权奖励支出),雅虎第四季度运营利润为6300万美元,低于去年同期的2.56亿美元;   ――雅虎第四季度调整后EBITDA(即未计入利息、税费、折旧和摊销前的净利润)为2.15亿美元,低于去年同期的4.09亿美元;   ――雅虎第四季度运营活动所提供的净现金为1.32亿美元,去年同期为1.07亿美元;   ――雅虎第四季度自由现金流为3150万美元,去年同期为7450万美元;   ――第四季度归属于雅虎的净亏损为44.35亿美元,相比之下去年同期归属于雅虎的净利润为1.66亿美元。雅虎第四季度每股摊薄亏损为4.70美元,相比之下去年同期的每股摊薄收益为0.17美元;   ――不按照美国通用会计准则(不计入股权奖励支出),雅虎第四季度调整后每股摊薄收益为0.13美元,低于去年同期的0.30美元。   2015财年主要业绩:   ――雅虎2015财年营收为49.68亿美元,高于2014财年的46.18亿美元;   ――雅虎2015财年不计流量获得成本(TAC)的营收为40.91亿美元,低于2014财年的44.01亿美元;   ――雅虎2015财年显示业务营收为20.74亿美元,比2014财年的18.68亿美元增长11%;   ――雅虎2015财年显示业务营收(不计入流量获取成本)为16.65亿美元,与2014财年的16.63亿美元相比基本持平;   ――雅虎2015财年搜索业务营收为20.84亿美元,比2014财年的17.93亿美元增长16%;   ――雅虎2015财年搜索业务营收(不计入流量获取成本)为16.19亿美元,低于2014财年的17.84亿美元;   ――雅虎2015财年运营运营亏损为47.48亿美元,相比之下去年同期的运营利润为1.43亿美元。不按照美国通用会计准则(不计入股权奖励支出),雅虎2015财年运营利润为3.42亿美元,低于2014财年的7.55亿美元。   ――雅虎2015财年调整后EBITDA(即未计入利息、税费、折旧和摊销前的净利润)为9.52亿美元,低于2014财年的13.62亿美元;   ――雅虎2015财年净亏损为43.59亿美元,相比之下2014财年的净利润为75.22亿美元;每股摊薄亏损为4.64美元,相比之下去年同期的每股摊薄收益为7.45美元。不按照美国通用会计准则(不计入股权奖励支出),雅虎2015财年调整后每股摊薄收益为0.59美元,2014财年为1.57美元。   雅虎CEO玛丽莎・梅耶尔(Marissa Mayer)表示:“我们很高兴地宣布,第四季度按照美国通用会计准则的营收、不计入流量获取成本的营收、调整后EBITDA和不按照美国通用会计准则的运营利润都超出预期。我们对Mavens业务进行的投资继续令人感到鼓舞,该业务的营收增长至16亿美元,在公司按照美国通用会计准则的营收中所占比例约为三分之一。”   第四季度财务分析:   雅虎第四季度营收为12.73亿美元,高于去年同期的12.53亿美元。   雅虎第四季度Mavens业务营收为4.72亿美元,高于去年同期的3.75亿美元。雅虎第四季度非Mavens业务营收为7.50亿美元,与去年同期的7.51亿美元相比基本持平。这两项营收合计为以流量为推动力的总营收,该项营收在第四季度中增长至12.22亿美元,相比之下去年同期为11.26亿美元。   雅虎第四季度并非以流量为推动力的营收为5100万美元,低于去年同期的1.27亿美元。   雅虎第四季度移动营收为2.91亿美元,高于去年同期的2.54亿美元;PC营收为9.31亿美元,高于去年同期的8.72亿美元。   雅虎美国部门第四季度营收为10.12亿美元,高于去年同期的9.72亿美元。不计入流量获取成本,雅虎美国部门第四季度营收为7.73亿美元,去年同期为9.13亿美元。   雅虎EMEA(欧洲、中东和非洲)部门第四季度营收为9712万美元,高于去年同期的9636万美元。不计入流量获取成本,雅虎EMEA部门第四季度营收为7723万美元,低于去年同期的8688万美元。   雅虎亚太部门第四季度营收为1.64亿美元,低于去年同期的1.85亿美元。不计入流量获取成本,雅虎亚太部门第四季度营收为1.52亿美元,低于去年同期的1.80亿美元。   雅虎显示广告业务第四季度支付给显示合作伙伴的流量获取成本为1.3亿美元,相比之下去年同期为6800万美元。   雅虎搜索广告业务第四季度支付给搜索合作伙伴的流量获取成本(其中包括来自于Mozilla协议的流量获取成本)为1.41亿美元,相比之下去年同期为500万美元。   雅虎第四季度显示业务的售出广告数量与去年同期相比增长8%,每广告价格与去年同期相比增长了6%。   雅虎第四季度搜索业务付费点击次数与去年同期相比下滑10%,每点击价格与去年同期相比增长了3%。   在2015年第四季度中,雅虎计入了44.61亿美元的非现金商誉减值支出,这是公司在2015年第四季度中进行了年度商誉减值测试所带来的结果。   2015财年财务分析:   雅虎2015财年营收为49.68亿美元,高于2014财年的46.18亿美元。   雅虎2015财年Mavens业务营收为16.60亿美元,高于2014财年的11.48亿美元。雅虎2015财年非Mavens业务营收为29.08亿美元,低于2014财年的2014财年亿美元。这两项营收合计为以流量为推动力的总营收,该项营收在2015财年中增长至45.68亿美元,相比之下2014财年为41.70亿美元。   雅虎2015财年并非以流量为推动力的营收为4.00亿美元,低于2014财年的4.48亿美元。   雅虎2015财年移动营收为10.48亿美元,高于2014财年的7.68亿美元;PC营收为35.20亿美元,高于2014财年的34.02亿美元。   雅虎美国部门2015财年营收为39.77亿美元,高于2014财年的35.18亿美元。不计入流量获取成本,雅虎美国部门2015财年营收为31.88亿美元,去年同期为33.51亿美元。   雅虎EMEA部门2015财年营收为3.44亿美元,低于2014财年的3.75亿美元。不计入流量获取成本,雅虎EMEA部门2015财年营收为2.86亿美元,去年同期为3.38亿美元。   雅虎亚太部门2015财年营收为6.48亿美元,低于2014财年的7.25亿美元。不计入流量获取成本,雅虎亚太部门2015财年营收为6.16亿美元,去年同期为7.11亿美元。   现金流信息:   截至2015年12月31日,雅虎持有的现金、现金等价物以及可变现有价证券总值为68亿美元,比截至2014年12月31日的102亿美元减少34亿美元。在2015年第一季度中,雅虎履行了33亿美元的所得税债务义务,这项义务与雅虎在2014年12月出售阿里巴巴集团(NYSE:BABA)美国存托凭证的交易有关。   业绩展望:   雅虎并未在财报中提供业绩展望。   电话会议:   雅虎将于美国东部时间2月2日17:00(北京时间2月23日6:00)召开电话会议。投资者可以访问雅虎的投资者关系网站收听网络直播并获取附加财务信息,网址为 results.cfm。电话会议录音将在雅虎投资者关系网站上保留90天时间。(唐风)相关的主题文章:

Stock index rebound, small and medium sized fund performance by the front (list) – fund channel 兔死狗烹的意思

Miscellaneous

The stock index rebounded heavily small and medium-sized fund performance by the front (list) – the fund channel gradually walk down in the stock index, the stock position to maintain a high proportion of partial stock fund performance is better, in which the small and medium-sized stocks creation concept stocks partial stock rose significantly ahead. Also benefited from the stock index led, bond funds in the overall performance of Convertible Bonds Fund top. A year ago, the market overview of the last week of the performance of A shares is relatively good, the Shanghai Composite Index after the concussion upward breakthrough, small board and gem index shock upstream, in general, after a sharp decline in the value of investment in A shares gradually, in the role of the rebound, the mysterious funds to support the market by various factors such as the trend of A shares good. During the festival, the U.S. macroeconomic fundamentals data are not optimistic, European banks bad debts and the Korean peninsula situation plagued the global market, the external market index once again bad. In the bond market, the central bank’s regulation was positive from February 1st to February 6th, and monetary policy remained relaxed. During each day of the central bank through reverse repurchase, reverse repurchase to market a total of 510 billion liquidity, which has 180 billion reverse repurchase maturity, net invested 330 billion years, the first working day after the central bank once again conducted reverse repo 10 billion, the term reverse repurchase coupon rate remained at the previous level. Bank pledged repo rates on 1 and 7 days showed a slight fluctuation, in which the 1 day pledged repo rate on February 6th was much larger than the previous day, but after a year there was a significant drop. On the whole, the central bank actively maintains the loose money market to provide sufficient liquidity to the market.   two, fund performance Equity Fund: in the case of the main stock index go well, partial stock funds rose by an average of 2.44%, down the fund accounted for only 0.07%. The specific point of view, or the top of the partial stock funds as of December 31st last year the stock proportion of the fund’s total assets is generally high, the partial stock funds rose ten stock positions the lowest wealth value momentum (720001) of mixed stock configuration is 77.22%, and in a few stocks the proportion of the total assets allocation the fund is above 90%. At the same time, the increase of funds before the creation of small and medium-sized stocks allocation ratio is generally higher.       fixed income funds: in the major bond index and stock index go well, bond funds rose by an average of 0.19%, about 17.18% of the bond fund net fell. Classification, mixed two level debt based and convertible bond fund net worth rose by 0.47% and 1.70% respectively; pure debt fund and first level debt based net worth rose by 0.06%, 0.08% respectively. Overall, this stage two level debt based and convertible bond fund good to promote the debt based overall income.   three, the fund’s investment strategy of partial stock funds: these funds are large fluctuations in the stock index, the case of weak, difficult overall positive earnings, short-term investors at this time should avoid such funds, longer term investors can choose excellent long-term performance varieties. 股指反弹 重仓中小创的基金表现靠前(名单)-基金频道   在股指逐渐走好下,股票仓位保持较高比例的偏股型基金表现较好,其中重仓中小创概念个股的偏股型基金涨幅明显居前。同样受益于股指带动,债券型基金中可转债基金整体表现居前。   一、市场概述   年前最后一周A股表现相对较好,其中上证综指在经过连续震荡后跳空突破,中小板和创业板指数震荡上行,总的来看,在经过大幅下跌后A股投资价值逐渐显现,在抢反弹、神秘资金护盘等多种因素作用下A股走势转好。节日期间,美国宏观基本面数据不乐观、欧洲银行坏账以及朝鲜半岛局势等困扰着全球市场,外围市场股指再次走坏。   债券市场方面,2月1日至2月6日央行的调节积极,货币政策仍然宽松。期间央行每一天都进行了逆回购,通过逆回购共向市场投放了5100亿流动性,其中有1800亿逆回购到期,净投放3300亿,年后首个工作日央行再次进行了100亿的逆回购,各期限逆回购票面利率仍维持在先前水平。银行1日和7日质押式回购利率总体呈现小幅波动态势,其中2月6日当天的1日质押式回购利率较前一日有较大幅度上行,年后则有较大幅度回落。总体来看,央行积极维持着货币市场的宽松以向市场提供充足的流动性。     二、 基金业绩   权益类基金:在主要股票指数走好的情况下,偏股型基金平均上涨2.44%,下跌基金占比仅为0.07%。具体来看,涨幅靠前的偏股型基金截至去年12月31日股票资产占基金总资产的比例普遍较高,其中偏股型基金涨幅前十中股票仓位最低的财通价值动量混合(720001)对股票的配置仍在77.22%,而其中有几只股票配置占基金总资产比例则在90%以上。同时,涨幅靠前的基金对中小创个股配置比例也普遍较高。         固定收益类基金:在主要债券指数以及股指走好下,债券型基金平均上涨0.19%,约17.18%的债券型基金净值出现下跌。分类来看,混合二级债基和可转债基金净值分别上涨0.47%、1.70%;纯债基金和一级债基净值分别上涨0.06%、0.08%。总的来看,本期二级债基和可转债基金的走好带动了债基整体收益。     三、基金投资策略   偏股型基金:此类基金受到股指波动影响大,在股指弱势的情况下,整体比较难取得正收益,短期投资者此时应当规避该类基金,投资时间较长的投资者可以选择长期业绩优异的品种进行长期布局。可以关注华安逆向策略混合(040035)、申万量化(163110)、华泰柏瑞价值(460005)。   债券型基金:债市经过前期大涨之后,近期有所调整,但从较长的时间来看,经济增速换挡,市场利率位于下行通道,债券市场长牛格局有望延续,债券基金配置价值依然存在,在具体的基金选择上,一是考虑股指的形势,在股指高位时应当重点关注纯债类债基,而在股指位于相对低位时可以关注二级债基和可转债债基,二是考虑个人的投资目标,投资时间较长可以关注二级债基,投资时间较短可以关注纯债债基。华商收益增强B(630103)、工银添颐B(485014)、宝盈增强收益C(213917)、长城积极增利(200013)、广发纯债(270048)都是不错的品种。   QDII基金:美联储加息靴子如期落地,市场谨慎情绪降温,加息举措在短期内对国际金融市场构成的冲击有限,美国经济继续稳健复苏,对中短期美股走势将构成支撑,美股QDII基金短期内仍可持有。可关注广发全球医疗保健(000369)、鹏华环球(206006) 。   货币基金及短期理财:货币政策宽松格局未变,且再宽松预期仍存,货币市场基金收益下行压力不减,但投资货币市场基金和短期理财债券基金仍有望获得稳定收益。可关注众禄现金宝、广发货币等。相关的主题文章:

将增加鸡蛋下跌幅度 杨小邪发威

Miscellaneous

The sea is good when the egg has high current price: space down clients view the latest market report: overview and analysis the factors of strategy 1701 and 1705 short unilateral logic 1, September seasonal decline: a seasonal point of view after the egg prices fell by the objective at the beginning of September. The driving force is mainly from the temperature, which is the recovery of egg production and the end of the stocking in the food factory. 2, the late supply will increase substantially, will lead to seasonal decline in September and the time is longer: the newly launched livestock population began to increase in September, is expected to continue until December, and the amount of available chicken is relatively small. 3, the cost side of the main raw material corn bearish trading strategy unilateral short 1701 and 1705 strategy JD1701 Jiancang target point 3400 near the high altitude, down to the first target position 3200, second target position 3000. stop loss 3500. JD1705 to lighten up the target point 3200 near every altitude, down the first goal 3000, second target 2800. stops short of the 3300 risk control single point is that the risk of abnormal fluctuations in the cost of corn and soybean meal by the end, and stop positions set strict risk control. A logical analysis of 1 Factors and strategy of the seasonal pattern will gradually decline in Figure 1 determines the spot data from egg seasonal trend: the seasonal variation of wind egg is very obvious, the summer heat makes the laying rate drop is the main driver of the summer seasonal rise, around the beginning of September, the weather and temperature drop over stocking food factory. The price inflection point at this time. Statistics over the seasonal amplitude (unit: Yuan 500kg): according to seasonal judgment, a substantial increase in the supply of the year, the September highs after the stock fell by a big margin, and lasts for a long time, can refer to the 11 year trend. 2, the supply will increase significantly, so that the decline rate is large, laying rate law – egg laying stage can be roughly divided into three stages: 1, laying up stage, about 19 weeks to begin laying eggs, chicken production of the first egg began to 25 weeks, for the egg raising stage. Two weeks before the egg is not normal, for laying a long time interval, double yolk egg, soft shell eggs, some eggs and small eggs. 2, laying peak from twenty-sixth weeks of laying eggs to forty-fifth weeks of laying hens, laying hens into the peak period, the egg production rate is about 90%. 3, the late laying period from laying 46 weeks to 72 weeks of laying is the late laying stage. After laying the peak, the laying rate decreased by 0.5 – 1% per week, to the 52 week of laying, the egg production dropped to about 70%, at this stage, the weight and egg weight increased slightly. After 72 weeks, the egg production rate decreased significantly, and the breeding profit was not very good, and the selection was usually eliminated. Figure 2 the laying rate and egg weight curve data source: China Sea yoshitoki Futures Institute for population trend judgment first and three stage of the analysis, specifically through chicks prices and parent population situation analysis. 国海良时:鸡蛋高点已现 期价空间下跌 客户端 查看最新行情   报告摘要:   策略概述及因素分析   单边做空1701及1705逻辑   1、9月季节性下跌:   季节性来看鸡蛋价格9月初之后的下跌幅度客观。驱动主要来自气温转凉是的产蛋率的回升加上食品厂备货的结束。   2、供应后期将大幅增加,将使得9月份开始的季节性下跌幅度和时间都较长:   新开产存栏9月开始增量较大,预计持续到12月份而可供淘汰鸡量相对较少。   3、成本端主要原料玉米看空   交易策略   单边做空1701及1705策略   JD1701建仓目标点位3400附近逢高空,向下第一目标位3200,第二目标位3000.止损位3500。   JD1705减仓目标点位3200附近逢高空,向下第一目标位3000,第二目标位2800.止损位3300   风险控制   单边做空的风险点在于成本端玉米及豆粕的异常大幅波动,通过止损和仓位设置严格控制风险。   一、策略逻辑因素分析   1季节性规律决定现货将逐渐下跌   图1鸡蛋季节性走势   数据来源:wind   鸡蛋的季节性规律非常明显,夏季高温使得产蛋率下降是夏季季节性上涨的主要驱动,9月初左右,天气气温的下降加上食品厂备货的结束,使得价格拐点在此时出现。   历年季节性幅度的统计(单位:元 500kg):   根据历年季节性判断,供应大幅增加的年份,9月高点之后的现货下跌幅度较大,且持续时间较长,可参考11年走势。   2供给将大幅增加使得下跌幅度较大   产蛋率规律-产蛋阶段大致可分为三个阶段:   1、产蛋上升阶段   大约19周开始产蛋,鸡群产第一枚蛋开始至25周,为产蛋上升阶段。前两周产蛋不正常,表现为产蛋间隔时间长,产双黄蛋、软壳蛋、异状蛋和小蛋。   2、产蛋高峰期   从产蛋第26周开始到产蛋的第45周,产蛋母鸡进入产蛋高峰期,产蛋率在90%左右。   3、产蛋后期   从产蛋46周开始到产蛋72周为产蛋后期。产蛋高峰过后,每周产蛋率下降0.5�1%,至产蛋的52周,产蛋下降到70%左右,该阶段体重、蛋重略有增加。72周之后产蛋率下降明显,养殖利润不是很好的情况下通常选择淘汰。   图2蛋鸡产蛋率及蛋重曲线   数据来源:国海良时期货研究所   判断将针对第一及第三阶段的存栏变化趋势进行分析,具体将通过鸡苗价格和父母代存栏情况来分析:   新产阶段及淘汰鸡存栏判断:   2016年9月,新产阶段对应补栏鸡苗大约对应的是2016年3、4月补栏的鸡苗。2016年12月份对应的是7月份补栏的鸡苗。2016年9月,500天蛋鸡阶段对应补栏鸡苗大约对应的是2015年4月补栏的鸡苗。2016年12月份对应的是2015年7月份补栏的鸡苗。   新开产部分鸡苗对应价格较高,而500天鸡龄对应鸡苗价格处于弱势下跌区间。如果父母代存栏变化不大,则表明新开产明显高于处于待淘的存栏。   图3新开产对应鸡苗区间        数据来源:wind   图4 500天鸡龄对应鸡苗区间   数据来源: wind   在产父母代情况显示新开产时对应在产父母代存栏低于500天鸡龄对应父母代存栏。   图5 新开产对应在产父母代区间        数据来源:峪口禽业 国海良时期货研究所      图6 500天鸡龄对应在产父母代区间   数据来源:峪口禽业 国海良时期货研究所   新开产对应父母代种蛋利用率明显高于500天对应种蛋利用率。使得鸡苗供应端新开产大于500天鸡龄。   图7 新开产对应种蛋利用率区间        数据来源:峪口禽业 国海良时期货研究所    图8 500天鸡龄对应种蛋利用率区间   数据来源: 峪口禽业 国海良时期货研究所   所以新开产将在9-12月份大幅增加,淘汰量相对偏少。供应将明显增加,即使发生部分淘汰也无法扭转。   3玉米新粮上市,蛋鸡饲料有下跌空间,将增加鸡蛋下跌幅度。   图9 玉米现货价格   数据来源:wind   玉米现货价格前期又一波小幅反弹,是因为陈粮局部、短期青黄不接造成,持续时间不会太长。后期价格市场化后价格将反映大库存的背景,认为玉米现货将逐渐走低。   由于成本端饲料随着玉米新粮的上市有下跌空间,我们认为即使价格低到一定程度,存栏增加趋势不会改变。我们可以大体测算下鸡蛋现货价格对淘汰的影响以及,对存栏的影响。   从下图可以看出不同鸡蛋价格对应淘汰点不同。   图10 现货2.8元 斤对应收益边际曲线      数据来源:国海良时期货研究所     图11 现货2.5元 斤对应收益边际曲线   数据来源: 国海良时期货研究所   玉米的下跌将会使得收益曲线上移。鸡蛋现货价格在2.8时从下图可以看出,饲料价格对于淘汰临界点影响很明显,如果玉米下跌较多,豆粕价格波动不大,后期引发集中淘汰的现货价格对应较低,下跌空间被扩大。   图12 豆粕不变,玉米现货下跌20%,对应收益边际曲线      数据来源:国海良时期货研究所    图13 豆粕不变,玉米现货下跌30%,对应收益边际曲线   数据来源: 国海良时期货研究所   4总结   随着9月份的季节性下跌,养殖户延迟淘汰会持续一段时间,集中淘汰后的存栏变动幅度低于往年。3、4月份左右补栏的蛋鸡9月份开产,这部分的增量相当可观。目前期货价格从基差的角度仍有空间。   二 操作策略   单边做空1701及1705策略   JD1701建仓目标点位3400附近逢高空,向下第一目标位3200,第二目标位3000.止损位3500。   JD1705减仓目标点位3200附近逢高空,向下第一目标位3000,第二目标位2800.止损位3300   三 风险控制   单边做空逻辑均建立在鸡蛋供应大幅增加需求平稳的基础上,风险点在于通货膨胀的大幅上行及成本端的大幅上升。通过操作策略中的止损设置控制风险。   国海良时 新浪声明:新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。相关的主题文章:

the market’s universal insurance products at the bottom of the income situation what changes 长沙医学院衡阳校区

Miscellaneous

Universal insurance fee: 1st Anniversary new pay policyholders’ investment funds increased 95% each reporter Tu Yinghao February 16, 2015, universal insurance fee reform started, the abolition of universal insurance minimum guaranteed interest rate shall not exceed 2.5% of the limit, the minimum guaranteed interest rate by the insurance company according to the characteristics of the product, independently determine the degree of risk. At the same time, with the domestic interest rate into the down channel, universal insurance as a savings insurance products income advantage is further highlighted. In this case, in 2015 the insured investment increased new payment (mainly for universal insurance) increased by 95% to 764 billion 700 million yuan, accounting for 30% of the total premium income of life insurance companies. On the occasion of the universal insurance fee of 1st anniversary on the occasion, the "daily economic news" reporter noted, now on the market selling universal insurance products basic minimum guaranteed interest rate is set at about 3%, reflecting the product actual income level settlement rate is higher, the official website of the disclosure of insurance companies in January 2016 universal insurance settlement rate in the majority of 4%~6%. Settlement rates are mostly 4%~6%, in early 2015, with the opening of the fee change, to universal insurance brings a new opportunity – universal insurance minimum guaranteed interest rate fully market-oriented, the assessment of interest rates moved up to 3.5%. According to the regulations, universal insurance minimum guarantee interest rate is not higher than 3.5% only need to record. After the implementation of the fee reform, a number of insurance companies raised the guaranteed income of related products. Coincides with the domestic interest rate into the down channel, raised the minimum guarantee interest rate, enhance the universal insurance settlement income in the deterministic part, no doubt improve the market’s attention to universal insurance. Not only that, with the continuous high interest rate settlement, some insurance companies also realized universal insurance sales blowout. In 2015, China Life’s new pay policyholders’ investment funds grew 125%, growth of 165%, Qianhai life Fuld life growth of 93%, growth of 349%, the Pearl River Life Ampang life growth of 110%, Jun Kang life (original Masanori life) growth of 336%…… In the insurance companies with universal insurance as the main type, the proportion of the original insurance premium income of some companies is astonishing: the ratio of Huaxia life insurance is 29, and the Zhujiang life insurance is up to 177. Judging from the actual settlement rate, in 2015, the annual yield of universal insurance products in most of the market is between 4%~6%. With the continuous decline of interest rates, the proportion of high yield products with settlement rates above 6% has not decreased, but increased. The settlement rate of more than 7% products concentrated in several food life, Qianhai life, the life of the Pearl River and Jun Kang life. Daily economic news reporter visited the insurance company official website found that, from January this year, the latest settlement rates, the overall yield of universal insurance products did not show signs of decline, 4% ~6% is still mainstream. At the end of the security revenue has not increased substantially, it is worth noting that before the fee change, universal insurance products are generally configured with a 2.5% base income. So, after the implementation of the cost of one year, the market’s universal insurance products at the bottom of the income situation what changes? "Daily economic news" reporter survey found that today’s market selling omnipotent theory

万能险费改一周年:保户投资款新增交费暴增95%   每经记者 涂颖浩   2015年2月16日起,万能险费改全面启动,取消了万能险最低保证利率不得超过2.5%的限制,最低保证利率由保险公司根据产品特性、风险程度自主确定。与此同时,随着国内利率进入下行通道,万能险作为储蓄型保险产品的收益优势也进一步凸显。在此情况下,2015年保户投资款新增交费(主要为万能险)暴增95%至7647亿元,占寿险公司总保费收入的三成。   值此万能险费改一周年之际,《每日经济新闻》记者注意到,如今市场上热销的万能险产品最低保证利率基本设定在3%左右,体现产品实际收益水平的结算利率则更高,保险公司官网披露的2016年1月万能险结算利率多数处于4%~6%之间。    结算利率多为4%~6%    2015年初,随着费改的开启,给万能险带来了新的契机――万能险最低保证利率完全市场化,评估利率上移至3.5%。根据规定,万能险最低保证利率不高于3.5%时仅需要备案。费改实施后,多家险企应声上调了相关产品的保底收益。适逢国内利率进入下行通道,上调最低保证利率提升了万能险结算收益中的确定性部分,无疑提高了市场对万能险的关注度。   不仅如此,凭借不断飙高的结算利率,一些险企还实现了万能险销量的井喷。2015年,华夏人寿的保户投资款新增交费同比增长125%、富德生命增长165%、前海人寿增长93%、安邦人寿增长349%、珠江人寿增长110%、君康人寿(原正德人寿)增长336%……在以万能型保险为主力险种的保险公司中,一些公司保户投资款新增交费 原保险保费收入比值惊人:华夏人寿这一比值为29,珠江人寿则高达177。   从实际结算利率来看,2015年,市场上的万能险产品年化收益率多数处于4%~6%之间。随着利率水平的不断下行,结算利率在6%以上的高收益产品比例不仅没有减少,反而有所增加。结算利率超过7%的产品集中在富德生命、前海人寿、珠江人寿和君康人寿几家。《每日经济新闻》记者查阅险企官网发现,从今年1月份的最新结算利率来看,万能险产品的整体收益率并未出现下调迹象,4% ~6%仍是主流。    保底收益未大幅提高    值得注意的是,费改前市场上的万能险产品一般都配置了2.5%的保底收益。那么,费改实施一年之后,市场上的万能险产品保底收益情况有什么变化呢?《每日经济新闻》记者调查发现,如今市场上热销的万能险产品最低保证利率一般设定为3%。   珠江人寿官网上显示的三款热销产品:珠江月月赢三号终身寿险(万能型)、珠江汇赢1号终身寿险(万能型)(2015版)、珠江富赢一号两全保险(万能型),其最低保证年化结算利率均显示为3%。安邦保险官网销售的安邦养老乐享1号年金保险(万能型)最低保证利率为3.5%,其产品介绍称有“攻守兼备”的特征。   此外,记者查阅发现,华夏人寿和富德生命旗下多款高收益万能险对应的最低保证利率也是3%。2016年1月结算利率高达7.20%的华夏摇钱树两全保险(D款),条款规定的保证利率为3%;富德生命e理财E、G、F款年金保险(万能型)结算利率分别高达7.12%、7.70%、7.99%,富德生命招财宝一号、招财宝二号年金保险(万能型)结算利率分别高达7.65%、7.72%,但对应最低保证利率也均为3%。   根据万能险费改“管住后端”的要求,最低利率越高则准备金越高,对险企偿付能力的要求也越高。在万能险费改启动之初,有业内人士预料,险企并不会全面大幅提高最低保证利率甚至打价格战。如今看来情况确实如此,《每日经济新闻》记者统计发现,截至目前,最低保证利率在3.5%的万能险产品仍是极少数。相反,即使是一些万能险销售大户,在去年费改后新推的产品中也不乏最低结算利率仍为2.5%的产品。    监管层发文加强监管    2015年无疑是万能险销量爆发式增长的一年,保户投资款新增交费(主要为万能险)达7646.56亿元,同比增长95%,占寿险公司总保费的32%,较2014年提升逾8个百分点。   不过,《每日经济新闻》记者注意到,去年12月初,保监会下发《关于进一步规范高现金价值产品有关事项的通知(征求意见稿)》,要求自2016年1月1日起,保险公司高现金价值产品年度保费收入应控制在公司投入资本的2倍以内;其中预期产品60%以上的保单存续时间在1年及1年以下的高现金价值产品的年度保费收入应控制在公司投入资本的1倍以内。   去年12月11日,保监会印发《关于加强保险公司资产配置审慎性监管有关事项的通知》,针对当前部分公司期限错配、成本收益错配的情况,要求其进行压力测试。数日之后,保监会又发布《保险资金运用内部控制指引》及应用指引的通知,要求提升保险机构资金运用内部控制管理水平,有效防范和化解风险。   其后,万能险一度被推上舆论风口浪尖。期限错配、退保门槛过低等质疑声音也蜂拥而来。在此背景下,业内人士指出,今年高现价万能险市场存较大变数。一方面,随着市场利率不断走低,负债端高收益率承诺连带的成本增加对资产端的投资管理、风控等能力要求相应提高;另一方面,在监管急刹车背景之下,万能险高增长很难持续。 进入【新浪财经股吧】讨论相关的主题文章:

有一点希望就不会放弃 西安交大南洋大酒店

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4 live: A shares rebound still three risk three path layout Outlook – Sohu securities       four army at the end of the way of funding trends hidden mystery Sohu Securities News Wednesday, two city trading pulled makes the action of investors in February the market is full of longing. From the volume point of view, the two cities yesterday turnover continued to shrink, reflects the oversold after the stock of capital operation. The distance before the Spring Festival and two trading days during the holiday season, facing the outer disk of the uncertainty, rational investors may choose to cash, investors holding the holidays are more likely to be forced to choose, because more, there is a little hope will never give up. The A share market fell sharply in January, with the Shanghai composite index falling by 22.65% throughout the month. If you follow the logic of the stock market, it’s time to change bull thinking. And according to the logic of bear market, now the market is temporarily stabilized, the small short-term rebound on the way down. In the bear market, market confidence did not recover so quickly. The fall of the three major factors are: devaluation expectations, deleveraging expectations and registration system is expected, these three bad still exists. First, the devaluation of the renminbi is not expected to be reversed in the short term. Second, deleveraging is expected to increase. Third, the registration system is not suspense. Agencies believe that regardless of the value of funds, or emotional side, market shows signs of stabilizing at the bottom, but in the case of investor sentiment is still in the doldrums, also need to further observe the rebound. From the investment opportunities, we can focus on policy benefit side, around the annual report, as well as the prosperity of the industry, the growth of new industries to determine the layout. From institutional investors in the market layout, mainly in the following way: first is to pay attention to benefit from the policy, especially after the inventory to the rapid introduction of supporting policies in real estate related to capacity, to leverage, to reduce cost, make a short board "policy is also expected to be launched, plus a month after a high-profile national NPC and CPPCC, changes need to focus on policy," put forward NPC and CPPCC across the country last year, "Internet plus" strategy, which run through comprehensive investment in the main line, this year’s new policy should be the focus of concern." The second is to focus on companies with better annual reports, especially in the three quarter and the four quarter. Finally, the long-term good emerging industries, the main feature is to cater to the social development trend, by policy promotion, large demand space, especially the use of innovative means to improve the business model, improve the efficiency of the relevant industry chain companies. 4日直播:A股反弹犹存三大风险 三大路径布局后市-搜狐证券    四路资金大军年底动向藏玄机   搜狐证券讯 周三,两市尾盘的拉升动作让投资者对2月的行情充满憧憬。从量能来看,昨日两市成交继续萎缩,体现为超跌之后的存量资金运作。目前距离春节前还有两个交易日,面对节日期间外盘的不确定性,理性的投资者可能会选择持币观望,持股过节投资者更有可能是被迫的选择,因为套多了,有一点希望就不会放弃。   A股市场1月份出现大幅回落,上证综指全月累计下跌22.65%。如果按照股市的逻辑,到了改变牛市思维的时候了。而按熊市的逻辑,现在只是市场暂时的企稳,下跌途中的短期小反弹。熊市中,市场信心没那么快恢复。   本轮下跌的三大因素有:人民币贬值预期、去杠杆预期和注册制预期,这三个利空目前仍然存在。首先,人民币贬值预期短期内尚未明显扭转。其次,去杠杆预期有所增强。第三,注册制实施没有悬念。   机构认为,不管从资金面、价值面还是情绪面,市场呈现底部企稳迹象,但在投资者情绪依然低迷的情况下,还需要进一步观察反弹力度。从投资机会看,可关注政策受益面、围绕年报以及行业景气度向好、增长确定的新兴产业予以布局。   从机构投资者对后市布局情况看,主要有以下几个路径:首先是关注政策受益面,尤其是在房地产去库存配套政策迅速推出之后,与“去产能、去杠杆、降成本、补短板”等相关的政策预计也会接连推出,加上一个月后就是备受瞩目的全国两会,需要关注政策的变化,“去年全国两会上提出的‘互联网+’战略,成为贯穿全面的投资主线,今年新推出的政策值得重点关注。”其次是关注年报业绩较好的公司,尤其是去年三季度及四季度创新业务向好的公司。最后是长期向好的新兴产业,主要特征是迎合社会发展趋势、受到政策推进、需求空间较大等,尤其是用创新手段改进了商业模式,提高了相关产业链运行效率的公司。相关的主题文章:

Parkson group for winter 愁多酒虽少

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Parkson group for winter: three years net profit continued to decline to sell Sun Palace shop hot column capital flows thousand thousand shares of stock on the latest rating diagnosis simulation trading client three annual net profit continued to decline to sell out the sun palace shop Parkson China Times reporter Zhang Jie Beijing reported continued in business distress status of Malaysia’s largest department store Parkson group is still difficult for the retail industry in winter. On the evening of September 13th, Parkson group issued a sudden announcement that it would sell all of its equity and shareholders’ claims of a wholly owned Chinese Affiliated Companies. The sale of the Beijing Hua Desheng Property Management Limited, as Parkson group indirectly wholly owned Affiliated Companies, operating property is Sun Palace Parkson, located in Beijing city of Chaoyang District, including 7 floors on the ground and 3 floors. According to the company’s unaudited book value shows that as of July 31, 2016, Beijing Hua Desheng property management limited the net book value of 1 billion 32 million yuan, has no formal property valuation, delivery will be completed by the end of this year. Parkson group said that the total equity cost includes a fixed amount of 1 billion 670 million yuan and other additional amount, the estimated net proceeds of sale items will be about 1 billion 900 million yuan. According to the reporter, the Shenzhen Qianhai Blue Investment Center and Shanghai Changkun Cci Capital Ltd, both buy shares were 99.99999999% and 0.00000001%, the two companies belong to the financial history of capital Cci Capital Ltd, mergers and acquisitions and investment quality office, retail and residential projects which focus on the one or two lines of the city core location. As once in one of the layout of the domestic market early department stores, Parkson group also hit the market in Beijing, what is the reason in the domestic market shrinking business? In this regard, insiders told reporters that the overall market environment downturn, coupled with the late adjustment of the operation is not in place, eventually become tasteless. Statistics show that Parkson, who entered the Chinese market in 1994, was the representative and leader of China’s high-end department stores, but in the past three years, with the depression of the whole department store format, its performance in the Chinese market has been in a downward trend. The sun palace Parkson opened in August 2010, so that the industry did not expect, just opened less than a year, catch up with the domestic retail industry as a whole depressed environment, so that become a drag. In the past three years, with the depression of the whole department store, Parkson’s performance in the Chinese market has been in a downward trend. Data show that 2013-2015 years, Parkson group net profit growth was -58.4%, -34%, -174%, especially in 2015 loss of 183 million yuan. However, in the first half of this year, Parkson group’s performance has not changed, but more and more deep. Results show that revenue in the first half of this year, 8 billion 495 million yuan, down 12%, net loss of 124 million yuan, down 85.65%. In fact, in the past few years, Parkson has appeared a large number of closed shop resale situation. Statistics show that, in 2012-2015 years, Parkson closed theory

百盛集团苦熬寒冬:三年净利持续下滑卖掉太阳宫店 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端   三年净利持续下滑 百盛解困卖掉太阳宫店   华夏时报记者 张杰 北京报道   持续处于经营困境状态的马来西亚最大百货公司百盛集团仍在艰难苦熬零售业寒冬。   9月13日晚间,百盛集团发布突然公告称,将出售旗下一个全资中国附属公司的全部股权及相关股东债权。此次出售的是北京华德盛物业管理有限公司,为百盛集团间接全资附属公司,所经营的物业是太阳宫百盛,位于北京市朝阳区,包括地上7层和地下3层。   据目前这家公司的未经审核账面净值显示,截至2016年7月31日,北京华德盛物业管理有限公司账面净值为10.32亿元,尚未有正式估值,物业交割将于今年年底完成。   百盛集团称,总股权代价包括固定金额16.7亿元和其他额外金额,其估计出售事项所得款项净额将约为19亿元。   据记者了解,买方为深圳前海图蓝投资中心和上海长昆投资管理有限公司,两者购买的股权分别为99.99999999%和0.00000001%,这两家公司同属中融长河资本投资管理有限公司,后者专注于国内一二线城市核心区位的优质写字楼、商业零售及住宅项目的并购和投资。   作为曾经在国内市场布局比较早的百货公司之一,百盛集团在北京市场也红极一时,到底是什么原因在国内市场的业务萎缩?   对此,有业内人士对记者分析说,整体市场大环境不景气,再加上后期经营调整不到位,最终成为鸡肋。   资料显示,1994年就进入中国市场的百盛,曾是中国高端百货的代表和引领者,但近三年来随着整个百货业态的萧条,其在中国市场的业绩一直处于下滑状态。而太阳宫百盛于2010年8月开业,让业内没想到的是,刚刚开业不到一年,就赶上了国内零售业整体萧条的大环境,以至于成为拖累。   三年来,随着整个百货业态的萧条,百盛在中国市场的业绩一直处于下滑状态。数据显示,2013-2015年百盛集团净利润增幅分别为-58.4%、-34%、-174%,尤其是2015年亏损1.83亿元。   然而在今年上半年,百盛集团的业绩也没有改观,反而越陷越深。财报显示,今年上半年营收84.95亿元,同比下滑12%,净利润亏损1.24亿元,同比下降85.65%。   其实,在前几年,百盛已经出现了大批关店转卖的情况。资料显示,2012-2015年间,百盛关闭了位于上海、贵阳、石家庄、济南、天津等地的10家门店,到2015年底还有门店58家。   直至今年上半年,百盛在国内的关店业内有停止。资料显示,今年百盛已经关闭了西安东大街店、重庆大坪店和重庆万象门3家门店。   而此次出售国内市场的业务或许是应了投资者的想法,百盛集团因出售北京百货店预计收益9亿元人民币,9月14日股价受捧炒高,截至发稿,大涨59.09%,突破一元关口报价1.05港元,成交9234万股,成交额达8992万港元。   在百货业持续调整的背景下,此举能否缓解百盛盈利困境,本报记者将持续关注。 进入【新浪财经股吧】讨论相关的主题文章:

along with doctors contact no 纨绔女王爷

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Medicine Assistant availability: After orthopedic surgery, at least up to 15 days you need all time assistant to help your daily activity. Assistant can be any one -your mom, dad, brother, sister or your sweet heart or any professional person who is physically strong enough to assist you and loves to take care you. No need that he/she has any medical knowledge at all. Suitable Space availability: After orthopedic surgery, at least for few days you cannot move freely as other normal human being. Your movement may be restricted into some feet of a room. You have to find a suitable place where you can get all your daily need easily without moving from one place to another. For example, you should have attach bathroom .Food should be serve within that room any other entertainment facility like TV, Computer, music system will available in that room ,so that you do not need to move long hallways, high stairs or other obstacles to get any services. The room where you stay should be obstacles free or must have clear spaces to easy navigation. Delicious Food Menu: You can eat any normal food like any other person. If you planning to cook for yourself try to cook once in day and freezing it, so that you do not move your body after every hour. Your body needs rest to get settled. Better to have light food that is easy for your stomach. Planning Your Medications: You are the powerful person who medicate better yourself than all other medicine. Some orthopedic surgery need prescribed blood thinner and pain medication after surgery. Medications after surgery help you cure procedure faster. You need proper guideline to maintain this type of medication. Get advice from doctor or professional medicate personal. Sweet home safety: Your home should be safe enough for after surgery rehabilitation. Your home free from unsecured rugs, moving under table, piles of paper so that you can move freely within your home. You should add lighting to all darken space where you need to visit. If you plan to use staircase it should have railings.Your bathroom must have clean and dry surface. Slippery bathroom surfaces are very hazardous. You must use low cabinets or easy accessible cabinets. Plan Some Activities: Recuperation after a major surgery can be a very boring time. You must use your energy to any productive field; otherwise this energy will become a negative energy slow down your improvement process. Get a few books if you love to read book,watch movie on your DVD player, write a scrap book on your family vacation mementos or any type of activity that you cherish. Medical facility: In case of emergency, proper and quick medical facility should available to you. Keep all medical details with you, along with doctors contact no , hospitals or nursing home contact no ,ambulance contact no .Keep it in open place so that anyone coming for your help can easily notice it and access it. So that if you unfortunately not in a condition to response, proper medical treatment can be easily provided to you without losing valuable time. Not all healing comes from the doctors hands or from the medicine. The quicker you heal, the quicker you get out of there! So hurry up and heal! About the Author: 相关的主题文章:

not just those with bankrupt … Tags 腿模sara全婐

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Bankruptcy Credit Card: How Choose One By: R. Lawrence Anderson | Feb 6th 2006 – There are many credit card issuers out there promoting what some people refer to as "��bankruptcy credit cards"�� "�" that is, credit cards for people who have a bankruptcy on their credit report. Of course, these credit card issuers target individuals with poor credit in general, not just those with bankrupt … Tags: Best Credit Card After Bankruptcy… How To Find One By: R. Lawrence Anderson | Jan 12th 2006 – Finding the best credit card after bankruptcy is not that difficult, if you know where to look and what to look for. Let"��s start by talking about secured and unsecured credit cards. When it comes to applying for a credit card after bankruptcy one question that a lot of people seem to have is: Should I appl … Tags: 相关的主题文章:

going North Indian is a good option. Here 清华大学图书馆主页

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Food-and-Drink What you see – Sree Krishna Inn restaurant is located opposite TDM hall in the lane next to the Durbar hall ground in Cochin. The bright blue signboard and the slew of cars parked outside are a strong indication of its location. From the outside the restaurant looks like an elegant and upmarket house. There are two grandfather chairs in a traditional Kerala house like sitout. From there you enter another room with a low lying divan and chairs in wood for waiting patrons. What you get – Pure vegetarian North Indian and South Indian food is available at Sree Krishna Inn apart from a few Chinese dishes. This includes everything from soups and starters to main course including pulao, noodles, biryani, Indian bread and even ice creams and payasam as desserts. If you are visiting it in the mornings or evenings, you should try the freshly prepared South Indian dishes like idlis, dosas (Masala dosa is recommended), vada, paniyaram (a steamed Chettinad dish), upma and so on. An interesting feature of this restaurant is that it serves pudina (mint) and coconut chammandi or chutney with every South Indian snack. Also, the sambar here is a typical Brahmin preparation with a mlange of tangy, sweet and spicy flavors. For a complete meal, going North Indian is a good option. Here, the typical starters like Chilli gobi, Mushroom gobi and Chilli baby corn can be sampled. A range of curries with Paneer and Mixed vegetables can be had with Naan, Roti and Parothas or rice dishes like Biryani. Our verdict Sree Krishna Inn is a good choice for light snacks or a complete meal. It is worth a try for casual lunches or breakfasts. The interiors are neat and well-designed. The food is served hot and service is quick. Parking could be a problem but many use the side streets if the space inside the restaurants compound is filled. Takeaway facility is available. What you pay for a meal for two Rs. 200400 Anytime between 8 AM 11 PM About the Author: 相关的主题文章:

prospective customers or potential new suppliers. Business cards 莫欺少年穷粤语

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Sales For a professional finish to any printing job, consider using a company that offers printing services. Many companies, organisations and individuals turn to the professionals when it comes to producing eye-catching, engaging pieces of printed communications that really attract the attention of the desired target audience. Printing services are often needed by people and organisations from all walks of life for different reasons. For example, a charity may need to produce posters to advertise a fundraising event, a local business may need business cards for networking with potential customers and local clubs or groups may need to produce leaflets advertising times for meetings. Professional companies offering printing services can help to give a real slick finish to any of these print jobs. One of the most attractive aspects of using a professional print company is that they can assure customers their job is in the hands of experts. Print jobs can be tailor-made to suit a particular budget or a certain deadline, meaning it is easy to meet the needs of each specific customer. Some examples of how printing services can be used Ways to advertise or promote services or events Whether a print job is for a small group or club, such as a book club or amateur sports team, or it is for a larger business or organisation, companies offering printing services will be able to offer the right solution to meet any promotional or advertising needs. From posters to leaflets, professionally finished items help to give a sense of expertise to the subject matter in hand, making it more appealing to potential new customers or new group members. From huge print runs that produce a number of leaflets to smaller jobs that run to a few posters or brochures, it always looks better if these are carried out by a professional company. Essential business tools Companies offering printing services that cover basic business needs are the first port-of-call for many organisations wishing to make an impact on their customers, prospective customers or potential new suppliers. Business cards, product brochures and professional-looking stationery can all be provided by companies offering printing services. The finish on these products could be the edge needed to make that extra impression on new customers that competitors dont have, meaning that anyone serious about their business should consider using professional printers for printing services. Attention-grabbing printed items The demand for large format printing is growing. From a business perspective, eye-catching banners or professionally produced point of sale material could be the difference between a customer choosing one business or another, so it pays for companies to invest in eye-catching printed items to attract customers. Other uses for large format printing services may be found by local sports teams, charitable organisations and event producers as big, colourful banners to help drum up support from the public. Any company, organisation or individual wanting to make a real impression on its audience could benefit from enlisting the help of a company offering professional printing services. Whatever the desired end result, professional printing services can help to give your printed communications the boost they need. About the Author: 相关的主题文章:

but they really appreciate. You place will be more appreciated 华国锋身世之谜

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Branding While family and friends at home on a regular basis and can even share a meal with them that does not necessarily mean that we are ready for a more formal dinner. This is something that often takes people by surprise, but it should not be an event, having only one or two things in mind. Here are some tips that can help you throughout the process so you can make the most of the night and make a feeling that will be a good year. A significant thing to keep in mind when preparing any official event is the appearance of the house. This is something that must be maintained at all times, but certainly clutter and clean house before returning it did. If possible, hire help reduce the amount of time you spend in this process or have family and friends help you if you are ready. They say that many hands helped shed light load and that’s especially true when you are preparing your home for this event. Have you thought about setting the table to use? You may want to have some dishes that day Juliska Berry & Thread or similar design and have the right centerpiece, something with a glass Jan Barboglio instead of waiting for the night to get any dinner at your place, make sure you take some steps to test you know everything is as it should be. This will reduce the amount of stress you feel when the day approaches. It would also be useful to the table before the party so you do not worry about it during the day of the event. Have you thought about this home? This is something that many people become above and beyond, but it can really make a difference if you wait to take the theme of the event throughout the house. It has to be something big, like painting a room, or move furniture, but simply adding a touch here and there can really make a difference. Not everyone will recognize these additional details, but they really appreciate. You place will be more appreciated, if you are decorating it with beautiful products of Jan Barboglio. Throwing dinner party require special attention, if it for formal people. Include information on the invitations, such as clothing, which will be served, the time must come and go home. Do not forget to leave sometime between arrival and dinner is served time because people stylishly late. About the Author: 相关的主题文章:

所以开出主让平半这样的盘口其实还是个主场盘 湖南宁乡特大洪灾

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日乙分析:山形山神防线太差看不住球门-搜狐  山形山神vs爱媛FC   2016日乙第35轮   比赛时间:2016-10-8星期六13:00   澳彩盘口:1.06平半0.78   利记盘口:1.07平半0.85   平均赔率:2.37 2.95 3.04   【捷报比分数据】   1.山形山神是一支从实力中游左右的球队。他们是本赛季的升班马,但是,现在只能排名在中下游。   2.上一场比赛山形山神在客场对阵水户蜀葵他们0比0战平对手。不过在主场山形山神表现还不错。最近2比1战胜德岛漩涡,还有0比0战平京都不死鸟。   3.山形山神的积分是35分,他们比降级区只多5分。压力不小。   4.由于山形山神伤病球员比较多,他们的防线情况有些吃力。   5.爱媛上一场在主场以3比0的比分战胜了横滨。他们在最近的10场比赛中只输了1场。   6.爱媛在客场近期是1比2输给了岐阜,这是他们唯一的一场输球。   【亚洲盘口分析】   山形山神的情况远不如对手乐观。所以开出主让平半这样的盘口其实还是个主场盘。主队的水位现在大致是呈现下滑趋势的。威廉的水位没有变化。但其平局的水位只有2.90,相同赔率下,主胜的几率很小。   亚盘推荐:爱媛FC受平半   竞彩推荐:3相关的主题文章: