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  新浪科技讯4月21日晚间消息,上海车展前夕,上汽通用举行2025别克品牌日,别克新技术、新品牌和多款概念车发布。

  发布会上,别克宣布推出高端新能源子品牌至境,首款车型定位超豪华新能源MPV,命名为世家。

  4月18日至4月21日,港股市场休市期间,港股通相关ETF却猛烈上涨,交投异常活跃,多只ETF日内换手率甚至超过900%。伴随ETF价格的大涨,溢价率也随之飙升,多家基金公司紧急发布溢价风险警告。

  多只港股通ETF换手率超900%

  Choice数据显示,上个交易日,即4月18日,港股通100ETF、港股通50ETF、恒生ETF港股通、恒生港股通ETF4只基金涨停。此外,多只港股通相关的ETF产品也收获超5%的涨幅。

  4月21日,一批港股通相关ETF继续大涨。截至收盘,港股通100ETF接续涨停,港股国企ETF上涨6.26%。

  不过,港股通50ETF、恒生ETF港股通、恒生港股通ETF在4月21日在盘中经历大涨后,又在接近尾盘时大幅回落。其中,恒生港股通ETF截至收盘下跌3.46%,恒生ETF港股通和港股通50ETF分别收涨0.42%和3.7%。

  从交投情况来看,这批ETF近两日的成交量显著放大。以恒生港股通ETF为例,其4月18日的全天成交额为3.74亿元,较前一个交易日的482万元增长逾76倍;4月21日,其成交量高达4.55亿元。其余多只港股通相关ETF的成交量,相较以往也均呈现数十倍的放量。

  火爆交易背后是巨量的换手率。4月21日,港股通50ETF和恒生港股通ETF的全天换手率均超过900%,恒生ETF港股通、港股国企ETF、港股通ETF等换手率均超过500%。

  谨慎参与高溢价ETF的交易

  不少港股通相关ETF价格上涨后,其溢价率水平已经处于高位。例如,港股通100ETF连续两日涨停后,当前的溢价率已高达20.14%。港股通50ETF、恒生ETF港股通溢价率超10%。

  某公募业内人士分析称,这一情况大概率是由炒作资金推动的。4月18日和4月21日,港股市场因连续两个节假日而休市。在休市期间,港股通ETF跟踪的港股成分股无法买卖,导致ETF的参考净值(IOPV)停止更新。在这种情况下,ETF的市场价格完全是由A股市场资金的交易行为所决定。当ETF的价格脱离了其实际价值,就会使得溢价水平迅速攀升。

  “此外,通常而言,市场套利资金会通过申购ETF份额并在二级市场卖出来消除溢价,但由于港股休市,港股通ETF申购业务暂停,资金无法进行申购操作,价格平衡机制暂时失效,就会导致ETF交易价格与资产净值之间的差距不断扩大。”该人士进一步解释。

  记者注意到,近两个交易日被爆炒的港股通ETF均是“迷你”基金,大部分ETF的场内流通份额仅不到1亿份,这意味着,只需少量的资金炒作,就能大幅推高ETF的价格。

  针对高溢价,易方达基金、国泰基金、华夏基金、华安基金等多家基金公司紧急出手,发布了风险提示公告。

  如国泰基金4月21日称,公司旗下港股通50ETF的二级市场交易价格明显高于基金份额参考净值,出现较大幅度溢价。特此提示投资者关注二级市场交易价格溢价风险,投资者如果盲目投资,可能遭受重大损失。

  也有业内人士提示,对于普通投资者而言,应尽量避免价格异常大涨的相关ETF,尤其是溢价率很高的产品。以恒生港股通ETF为例,如果投资者在4月21日最高点买入该ETF,截至收盘其损失就可能超过11%。而对于目前溢价率仍在高位的港股通ETF,待4月22日港股市场恢复交易,其价格大概率也会回归至真实的资产价值。

  来源:华尔街见闻

  受特朗普威胁解雇鲍威尔言论影响,美股持续走低,纳指跌幅扩大至1.75%,标普500指数跌1.36%。大型科技股普跌,英伟达、亚马逊跌超2%,特斯拉跌超4%。美元指数一度跌破98,美国国债短线走低。现货黄金上破3420美元/盎司关口,再创历史新高,日内涨幅扩大至2.4%。

  市场正在消化特朗普可能试图罢免美联储主席鲍威尔的消息。此举若实施,将严重损害美联储独立性,削弱市场对美元的信心,并加速资金流向包括黄金在内的避险资产。

  4月21日周一,美国股汇债全线下挫,明星科技股普跌,现货黄金成功站上3420美元/盎司,再刷历史新高。

  风险提示及免责条款

  市场有风险,投资需谨慎。本文不构成个人投资建议,也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资,责任自负。

  4月21日晚,南华生物(000504)发布2024年度业绩预告修正公告,预计净利润为亏损1900万元至2100万元。公司原预计净利润为盈利1250万元至1550万元。

  南华生物称,预计公司2024年度净利润、扣除非经常性损益后的净利润均为负值且扣除后营业收入低于3亿元,根据《深圳证券交易所股票上市规则》,在公司2024年年度报告披露后,公司股票交易可能被实施退市风险警示(*ST)。

  业绩预告由盈转亏

  为何2024年业绩由预盈转为预亏?

  南华生物表示,公司披露2024年度业绩预告时,年度审计工作尚未全面开展。随着年度审计工作的深入推进,结合部分自营产品的销售条款、经销商的销售进展等情况,公司认为该部分已销售产品或存在退货风险,基于谨慎性原则,对其中部分销售收入不予确认,预计该部分销售将减少销售利润0.14亿元。

  此外,公司基于谨慎性原则,结合相关客户的期后信用状况等情况,综合评估应收账款的可回收性,对个别客户予以单项计提信用减值准备,导致减少税前利润0.21亿元。

  今年1月22日,公司曾披露2024年业绩预告,预计2024年净利润为1250万元至1550万元,较2023年同期扭亏为盈。彼时,南华生物表示,报告期内,公司财务成本同比上年有较大幅度下降,且公司细胞业务整体盈利能力同比去年有所提升,公司还通过进一步加强自营美妆产品销售、拓展其他产品代理销售等相关领域的衍生业务,增加了收入及利润来源。

  南华生物或将“戴帽”

  南华生物主营业务包含生物医药与节能环保两大板块。公司生物医药板块业务主要为细胞医疗服务,节能环保业务主要面向政府、企事业单位等,目前主营业务涵盖节能工程及产品研发销售、特种行业污水综合治理、分布式能源站投资经营、综合节能项目投资运营等。

  多年来,公司一直走在业务转型路上,从最早期的房地产开发及酒店管理业务,到传媒业务,再到生物医药及节能环保业务,主营业务一直在变,公司业绩却起伏不定。在此背景下,公司也频频触发退市风险警示。

  回溯公告,2008年及2009年,公司连续两年亏损,被实施退市风险警示;在经历了2010年短暂的扭亏为盈后,公司2011年及2012年再度陷入亏损,且2012年度净资产为负值,被实施退市风险警示;时间来到2016年,公司因2014年、2015年两个会计年度经审计的净利润连续为负值,且2015年度经审计的期末净资产为负值,被实行退市风险警示;2019年,南华生物再次因为2017年、2018年两个会计年度经审计的净利润连续为负值,且2018年度经审计的期末净资产为负值,被实行退市风险警示。

  从财务数据来看,南华生物自2021年至今一直处于亏损状态。公司发布的2024年三季报显示,2024年前三季度公司实现营业收入3609.23万元,同比增长5.15%,亏损1.79万元,较2023年同期亏损缩窄。此外,南华生物应收账款较高,截至2024年第三季度,公司应收账款为1.29亿元,占总资产比例约21.72%。

  根据业绩预告修正公告,公司预计2024年净利润为亏损1900万元至2100万元。南华生物表示,预计公司2024年度净利润、扣除非经常性损益后的净利润均为负值且扣除后营业收入低于3亿元,根据《深圳证券交易所股票上市规则》,在公司2024年年度报告披露后,公司股票交易可能被实施退市风险警示(*ST)。

专题:京东美团“战火”升级京东喊话:对兼职骑手永不强迫“二选一”

  来源:蒉莺春Kate

  今天一大早就看到各种群里散的黑板报檄文:字里行间愤怒至极,颇有不共戴天为民除害之意。当时还有个朋友以为是假的,说要反复求证切不要轻信。我仔细读完,大吃一惊,当时忙着开会,写了几句在朋友圈,那晚上得空了就继续来说说吧。

  首先,我还是那句话,如果良性竞争可以推动行业进步,让多方受益,那一定是好事。

  其次,这封信里的逻辑我们来分析一下。这里主要攻击的是美团逼迫骑手“二选一”。首先这个“二选一”会造成骑手收入下降,给骑手带来损失;其次这个“二选一”也给京东因为单量暴增但没人接单造成了用户体验问题,因此望美团好自为之,回头是岸。

  我谈两个问题:1.共享用工平台“二选一”是否现实,有没有这个动力和能力?2.下雨天不容易打到车不是因为车少了?

  我对于打架不感兴趣,我感兴趣的是逻辑。美团和京东都对共享经济做出了很大的贡献,美团有800万骑手(大部分是兼职),京东有100万(达达的众包占了很大部分)。共享经济模式下,事实上平台对于众包骑手的约束很弱,就像骑手可以很短时间拿着头盔和制服在一个平台上岗(比如京东这几天迅速找了很多骑手),他们也可以随时用脚投票去另一个平台开工。当然更多的情况是一个骑手同时在几个平台干活,这样可以让他们更快地把一天期望的工资挣到。而在同一个平台里,事实上众包骑手和驻店骑手都能无缝切换,因为周末有时候单量大,钱多人少,驻店的也愿意临时转众包多挣点。那么平台有没有能力去“二选一”呢?通常情况下是没有的,因为骑手都是看着订单走,哪里有钱用脚投票。在这样的情况下,京东撒钱,骑手就算被美团要挟说你要去了东东那里就不要回团团了,骑手根本不会理,骑手会用脚投票。

  首先这些众包骑手的工作本来就不是有固定的时间和地点,以及工作年限契约的。这种不固定性是共享经济灵活用工模式所特有的:之所以叫做“灵活”用工,本质就是双方都不要限制那么多,你有空了干一点,没空了那平台和你下次见。也正是这种灵活用工模式带来了很多益处,比如让很多女性在照顾孩子之余可以灵活上班的,都定死了时间有很多人就无法灵活就业了。

  其次我们面临失业率的问题,所以不是没有劳动力。众包配送的门槛没有这么高,走了旧的会有新的,“二选一”意义不大。

  第二个问题是下雨天打不到车是不是因为车少了?类比也就是说订单多的时候,大家都等着吃京东外卖的时候是不是因为没有配送员导致的?下雨天打不到车这件事,大家的直觉就是雨天车少,需求大于供给,因此造成这个局面。关于这个问题美国有个著名的劳动经济学家Farber对纽约的出租车司机做了研究,发现事实上下雨天打不到车并不是因为出租车少了,而是因为司机下雨天接单容易,计划一天要挣到的钱很快就挣到了,挣到了就提早回家了。这个每天计划挣到的钱在经济学里被叫做“参照点”,过了这个点,继续工作给人带来的幸福指数就远远小于回家老婆孩子热炕头的幸福度。

  所以也许,京东平台的骑手小哥人手不够不是因为”二选一“,而是在如此激励的情况下,他们早早挣到了一天的期望值,那再要回去干,得要更高的激励才行呢。

  “二选一”是个特别古早的概念。当年平台锁后台的动作在今天的竞争格局下其实毫无意义。如果美团真的大规模开始对骑手“二选一”,京东也不用写檄文了,因为那是一条通往奴役之路,早晚会自生自灭。

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