【财经要闻及评论】

澳洲7月份零售额与上个月持平   西澳继续保持强势

根据澳大利亚统计局(ABS)周五发布的数据，经季节调整后，澳洲7份的零售额与上个月持平。此前的6月和5月，零售额均增长0.5%。

就行业而言，在6月份零售额上升之后，大多数行业的营业额在7月份下降或持平。服装、鞋类和个人配饰零售业(-0.5%)跌幅最大，其次是百货商店(-0.4%)以及咖啡馆、餐馆和外卖食品服务(-0.2%)。唯一出现增长的行业是食品零售业(+0.2%)

就地域而言，四个州和领地的零售额增长，其余地区下降。西澳继续在各州和领地脱颖而出，连续第七个月增长，与2023年7月相比增长4.6%。

无视锂价寒冬 全球最大硬岩锂矿场西澳格林布什Greenbushes意欲“逆市”增产

锂价持续下探，主要锂矿商纷纷缩减或暂停投资的背景下，由中美澳企业合资的全球最大硬岩锂矿场格林布什（Greenbushes）的锂产量却可能会“逆市”增长。

过去一个季度，锂矿价格陷于疲软，市场前景依然动荡。自今年初以来，澳洲产锂辉石价格已下跌超25%，据标普全球普氏能源，8月28日跌至每吨740美元。

据《澳洲金融评论》早前报道，Core Lithium(ASX股票代码：CXO)已暂停位于北领地Finniss项目的开采，而Arcadium Lithium（ASX股票代码：LTM）暂停在加拿大詹姆斯湾的投资，并且正考虑闲置西澳州的卡特林山矿场。

澳华财经在线数据库显示，目前美国上市的Albemarle持有格林布什49%的股份，澳交所上市的IGO Ltd（ASX股票代码：IGO）和中国天齐锂业共计持有另外51%股份。

能够承受低价，是因为格林布什是世界上成本最低的锂项目之一。

（图片来源：IGO）

根据IGO年报，截至6月30日的12个月，格林布什共产出1383吨，平均实际售价为每吨2192美元。

全球锂价格下跌使格林布什2023-24年营收下降56%，至46亿澳元，较前一年的105亿澳元骤然缩水。

尽管如此，IGO在格林布什的股份仍为其带来了5.526亿澳元的净利润。

IGO首席执行官Ivan Vella表示：“（格林布什）可以生产成本非常低的锂辉石精矿，这为所有合资伙伴带来了巨大价值。”

2025财年格林布什矿场产量目标为1350至1550吨。这意味着，按目标上限计算格林布什的产量可能会较上财年进一步提高10%。

周四IGO股价上涨1.33%，报5.32澳元。

（图片来源：IGO）

西澳多元化工业产品销售公司Stealth Group Holdings Ltd (ASX: SGI)上财年经营创历史记录 拟每股派发红利

最新股价0.23澳元、市值约2650万澳元的多元化工业产品综合经销商Stealth Group Holdings Ltd (ASX: SGI)，在FY24上财年取得了创历史记录的运营业绩，为其成立10周年献上了一份特别的礼物。

作为一家成立于2004年从事工业产品分销的综合性集团公司，Stealth Group Holdings Ltd (ASX: SGI) 2018年10月以每股0.20澳元价格发行新股并在澳交所挂牌上市，其向为公司和零售客户提供数以万计的不同种类的耗材、零配件产品，其销售产品包括外部品牌和自有品牌，目前已成长为澳大利亚最大的涉及工业、安全、汽车、工作场所和消费技术产品以及其他相关产品和服务的综合性分销商之一。

来源：Stealth Group Holdings Ltd (ASX: SGI)财报

本周四Stealth Group Holdings Ltd (ASX: SGI)发布的FY24财年年报显示，公司营收及利润等主要财务数据连续4年来持续保持增长：

——收入同比增长 2.4%，达到创纪录的 1.14 亿澳元。

——毛利率从 29.3% 上升至 29.6%，毛利达 3370 万元，同比增长 3.4%。

——EBITDA 增长 16%，达到 600 万澳元。

——NPAT 增长 50%，达到 140 万澳元。

——每股收益增长 47.6% 至 0.0134澳元 。

公司方面决定对截至9月26日收盘持有公司股票的股东每股派发红利0 .0084澳元。

面对上财年高企的通胀和利率给市场需求带来的影响，Stealth Group Holdings Ltd (ASX: SGI)公司上财年取得的创纪录运营业绩，得益于其内外兼修。

内部方面，该公司持续对相关业务板块进行投资，升级门店及技术服务，整合业务并通过集中管理、规模化运营以及品牌和产品系列开发支持业务增长。

该公司上财年对Force Technology的收购丰富了其产品组合和供应，后者是一家消费科技产品分销商和批发商。

业务展望方面，公司预计FY25 财年2025 财年基础收入为 1.59 亿澳元，较 2024 财年增长 39%。

截至周四收盘，Stealth Group Holdings Ltd (ASX: SGI)股价0.23澳元，市值2650澳元。

4年最大涨幅超过40倍 海洋珍珠养殖加工公司Atlas Pearls Ltd (ASX：ATP)发布财报净利大增 拟派发特别股息

海洋珍珠养殖加工销售公司Atlas Pearls Ltd (ATP)周五早间发布FY24财年运营报告。

报告显示，截至 2024 年 6 月 30 日，2024 财年公司收入同比增长 53% 至 4170 万澳元，剔除非经常性收入及费用后的标准化 EBITDA增长 131% 至 2260 万澳元。

来源：Atlas Pearls Ltd (ASX：ATP）

净利润方面，上财年实现税后净利润 3150 万澳元（2023 年 6 月 30 日同期910 万澳元），其中包含了1,740万澳元的农业标准重估收益和日常运营产生的2070 万澳元现金收益。

Atlas Pearls Ltd (ATP)决定向截至9月13日收盘在册股东派发每股0.01澳元特别股息（全额免税），股息派发日9月27日。

Atlas Pearls Ltd (ATP)是一家在南海从事海洋珍珠养殖加工销售的公司，2020年疫情期间，因全球主要珠宝展览及拍卖会大规模取消，加上拥有全球近80%顶奢南海珍珠销售市场的中国为防控疫情所采取的“封城”致使人流、物流几近停滞，公司业绩受到重创。2020年该公司间将其持有的塔斯马尼亚精油有限公司（Essential Oils of Tasmania Pty Ltd）50%股权进行转让出售。详见澳华财经在线早前报道《150万抛售股份 珍珠商Atlas Pearls“断腕”还债》

疫情期间标价280澳元的ATP 14K黄金南海珍珠吊坠 （图片来源：ATP官网）

4年前，公司公司股价最低回落至0.005澳元（5厘），之后几年随着经营状况好转，股价持续回升。本年初，其股价上行至近年来新高0.225澳元，较疫情低位回上涨超过40倍。

截止本周四收盘，Atlas Pearls Ltd (ASX：ATP）股价报收0.11澳元，对应市值4771万澳元。

中期利润下降但维持财年指引   电信公司 TPG Telecom（ASX:TPG）股价周五早盘劲升逾5%

电信公司TPG Telecom（ASX:TPG）周五发布的2024年上半年财报显示，该公司息税折旧及摊销前利润为9.74亿澳元，同比增长3.5%，但税后利润为2900万澳元，与去年同期的4800万澳元相比大幅回落。

该公司还表示，正在继续简化业务结构，近期已经裁员120人，预计将为2025财年节省2000万澳元的费用。

关于未来展望，该公司预计经营状况将不会有重大变化，有望达到财年指引的中间位置。该公司此前曾公布，2024财年的息税折旧及摊销前利润的指引为19.50亿至20.25亿澳元。

公告发布后，该公司股价周五早盘急升。10:22成交价为每股4.83澳元，涨幅5.46%。该股近一年的投资回报率为亏损14.21%。

经合组织英语国家中澳洲人预期寿命最长

据ABC澳广中文网消息，研究发现，自1990年代以来，澳大利亚人的出生预期寿命男性81.2岁，女性达到85.3岁。

报道称国际研究人员分析了新西兰、加拿大、美国和英国等几个经合组织（OECD）英语国家的相关数据，对比1990年至2018年之间的人口预期寿命。

报道指出，研究发现自1990年代以来，澳大利亚人的出生预期寿命最高（男性81.2岁，女性85.3岁），比美国高出约四到五年，比加拿大、新西兰和英国高一到两年半。

这一研究结果发表在医学期刊《BMJ开放》（BMJ Open）上。

苹果据称正洽谈投资OpenAI 英伟达也有意跟投

据媒体援引消息人士报道，两大科技巨头苹果公司和英伟达均有意投资人工智能（AI）研究公司OpenAI。(文章来源：东方财富Choice数据)

政治僵局难解！利比亚石油产量下降了一半以上

当地时间周四，利比亚多个油田陆续停止生产，日产量大约下降了一半以上，且停止了5个出口码头的石油装载。在各政治派别为争夺中央银行和石油收入的控制权而陷入了权力斗争后，利比亚石油产量和出口预计将进一步下降。(文章来源：东方财富Choice数据)

欧银首席经济学家暗示通胀隐忧消退 薪资增幅今明两年将急刹车

当地时间周四（8月29日），欧洲央行首席经济学家菲利普·莱恩（Philip Lane）表示，推动欧元区通胀的关键因素——工资增长将在2025年和2026年大幅放缓。莱恩在法兰克福的一场会议上称，根据欧洲央行自己的薪资趋势追踪器，今年下半年仍会看到显著的增长，但“现在这种追赶的态势已达到顶峰”，未来两年的涨幅将明显减缓。(文章来源：东方财富Choice数据)

诺基亚为移动网络资产考虑各种选项 三星据悉有意

知情人士称，诺基亚的移动网络资产吸引了来自竞购者的初步兴趣，其中包括三星电子。诺基亚一直在与顾问讨论针对其移动网络业务的潜在选项，这项业务数年来一直在艰难应对更大规模对手的竞争。知情人士称，诺基亚已考虑多种不同的方案，包括部分出售或全部出售，分拆或是与竞争对手合并等。该项业务整体估值可能约在100亿美元。三星已初步表示有意收购部分诺基亚资产，因为其寻求在把手机连接到电信基础设施的无线接入网络方面扩大规模。(文章来源：财联社) 

Charged Diplomacy: How Australia Can Navigate the Geopolitical EV Tightrope Between China and the West

By Marina Yue Zhang

Australia faces a diplomatic dilemma: balancing the need to align with Western allies in reducing dependence on China’s EV and battery supplies while also promoting its green transition.

China’s dominance in the electric vehicle (EV) industry has become a significant focal point of geopolitical tensions. As a leading producer of EVs and a key player in the global supply chain for critical minerals and batteries, China’s influence extends well beyond manufacturing, shaping future energy security and driving geopolitical shifts toward green technologies. 

In response, Western nations, including the United States and the European Union, have introduced defensive measures to protect their domestic industries from foreign competition. These measures often include imposing higher tariffs, restricting imports, and implementing other trade barriers aimed at safeguarding local markets from perceived unfair trade practices, while enhancing domestic production capacity. 

A Geopolitical Tug-of-War

The United States has increased tariffs on imported Chinese EVs to 100 percent, while the EU has imposed provisional anti-subsidy duties ranging from 17.4 percent to 37.6 percent on Chinese EVs. The rationale behind these measures is rooted in concerns that China’s overcapacity in EV production could flood global markets with government-subsidized vehicles, thereby distorting fair competition.

However, this premise is contested. Economists argue that overcapacity often results from a mismatch between actual and potential production capacity, typically driven by insufficient domestic demand. In reality, China’s domestic EV market is expanding rapidly, and production capacity utilization remains high. For example, in 2023, China’s EV market saw substantial growth, with EV sales reaching 8.1 million units – a 35 percent increase compared to 2022. This growth trajectory is expected to continue, with projections indicating that EV sales could reach approximately 10 million units in 2024, representing about 45 percent of total car sales in China. On the production side, major Chinese automakers like BYD and Tesla‘s Shanghai Gigafactory reported capacity utilization rates of around 80 percent in 2023, within internationally recognized norms. 

Though both protective, the U.S. and EU have adopted different approaches to imposing tariffs on Chinese EVs. The U.S. tariffs are more aggressive, reflecting a broader defensive strategy aimed at curbing China’s technological advancements and bolstering American manufacturing. The United States is particularly focused on slowing China’s progress in key technologies, especially in areas like battery technology, which is viewed as potentially dual-use with implications for military applications such as submarines and drones. If Donald Trump were to return to power, a Trump 2.0 administration would likely continue this policy trajectory, further intensifying efforts to decouple from China.

In contrast, Europe’s situation is more complex. Its anti-subsidy duties on Chinese EVs, designed to curb exports to Europe, are intended to encourage Chinese companies to invest in Europe. This strategy aims to stimulate the EU automotive industry, boost local employment, and support the achievement of green and sustainable development goals. While the EU’s recent ruling slightly reduced the tariff rates, it upheld the decision to impose duties on Chinese imports. The Commission explicitly stated that only a clear majority vote by EU member states against the measure could terminate it. This will undoubtedly prompt Chinese EV manufacturers to reassess the risks associated with investing in Europe.

Despite uncertainties, several member states are actively courting Chinese investment to enhance their own industrial capacities. For example, Italian Prime Minister Giorgia Meloni visited China in July to promote economic relations and industrial cooperation, with a particular focus on EVs and green technologies. Similarly, Germany, Czechia, Hungary, France, and Spain are also attracting Chinese investment in EV manufacturing, solar panels, and offshore wind installations.

In response to the EU’s decision, the Chinese government issued a statement emphasizing that the EU’s actions violate WTO rules and constitute unfair competition under the guise of “fair competition.” The Ministry of Commerce also announced an anti-subsidy investigation into certain dairy products imported from the EU.

China’s countermeasures can be seen as a strategic strike aimed at a critical vulnerability. Some European industrial nations, notably Germany, oppose imposing additional tariffs on China, with Chancellor Olaf Scholz being particularly firm in this position. Their concern is that such actions could provoke retaliatory tariffs against their own companies operating in China. In contrast, countries whose economies rely heavily on agriculture are strongly advocating for increased tariffs on China, as they do not share the same “vulnerabilities” that China could exploit. However, China’s countermeasures are specifically targeted at these pro-tariff countries, imposing reciprocal tariffs on agricultural products.

This approach offers two distinct advantages beyond its targeted nature. First, it directly impacts those who are pushing for higher tariffs on China. Second, China need not worry about further retaliatory measures resulting from these actions, as it can easily source agricultural products from alternative suppliers.

Australia’s Diplomatic Dilemma

Compared to other Western countries, particularly the United States and EU members, Australia has maintained a more open approach to Chinese-made EVs. For China, maintaining a strong relationship with Australia is a critical diplomatic strategy, as Australia is not only a key regional power in the Indo-Pacific with significant economic, strategic, and diplomatic influence but also one of the few Western countries in the region.

In the EV market, Australia finds itself in a unique position. Unlike the U.S. and the EU, Australia has not imposed additional tariffs on Chinese EVs. Instead, the Australia-China Free Trade Agreement has facilitated the influx of Chinese EVs, aiding Australia’s green transition by making these vehicles more accessible to consumers. However, Australia faces the challenge of maintaining this beneficial relationship with China while also navigating the broader geopolitical pressures from its Western allies.

In today’s geopolitics, a nation’s industry or trade policy can have significant diplomatic implications. If the Australian government were to follow the U.S. or EU by imposing tariffs on Chinese EVs or tightening investment scrutiny against Chinese investors in the EV or battery sectors, this could lead to diplomatic tensions in bilateral relations.

The escalation of the “trade war” on EVs between China and the EU provides a crucial lesson for Australia: If bilateral relations between Australia and China deteriorate, China could retaliate by targeting areas where it can find alternatives to Australian exports. This risk is particularly pronounced during periods of economic downturn in China, when its demand for Australian commodities and agricultural goods may weaken.

Additionally, a significant challenge within Australia’s EV policy remains the unresolved issue of data collection and management standards.

As EV adoption accelerates in Australia, there is an urgent need to localize services, maintenance, spare parts inventory, and battery recycling to reduce lead times and enhance service reliability. Modern EVs are deeply integrated with digital technologies, collecting vast amounts of data on vehicle performance, driving behaviors, charging patterns, and geographic locations. This data is crucial for optimizing vehicle efficiency and developing advanced services like autonomous driving. To provide preventive services and manage spare parts inventory effectively, significant amounts of user data need to be collected and analyzed. 

The integration of data-driven technologies for maintenance and services introduces an additional layer of complexity, heightening potential national security concerns and prompting stricter requirements for data management and cybersecurity. Chinese EV manufacturers seeking to invest in Australia to enhance their service offerings may encounter growing challenges in obtaining regulatory approvals and navigating investment scrutiny. The Australian government has become increasingly cautious about foreign direct investment, especially in sectors sensitive to national security, with EV data management being a prime area of concern.

Australia faces a diplomatic dilemma: balancing the need to align with Western allies in reducing dependence on China’s EV and battery supplies while also promoting its green transition by providing accessible EV options for its consumers. Compounding this challenge is the additional pressure to address data and national security concerns.

Navigating this complex landscape demands a nuanced approach that balances these factors within an independent foreign policy framework, simultaneously addressing economic opportunities, security considerations, climate change imperatives, and broader geopolitical challenges. 

The ongoing Australia-China High-Level Dialogue, which resumed with face-to-face meetings in Adelaide last week, offers a crucial opportunity for Australia to engage effectively with China’s growing influence in the EV sector while safeguarding its national interests and ensuring alignment with broader geopolitical strategies.

About Authors（关于本文作者）

Marina Yue Zhang

Dr. Marina Yue Zhang is an associate professor at the Australia-China Relations Institute at the University of Technology Sydney (UTS: ACRI). Marina holds a bachelor’s degree in biological sciences from China’s Peking University, as well as an MBA and a Ph.D. in innovation studies from the Australian National University. Dr. Zhang is the author of three books, including “Demystifying China's Innovation Machine: Chaotic Order,” co-authored with Mark Dodgson and David Gann (Oxford University Press, 2022)

澳航利润下降但市场前景良好 股价周四早盘上扬0.4%

澳航（ASX:QAN）周四发布了2024财年业绩报告。报告显示，该公司基本税前利润和法定税后利润分别为20.8亿和12.5亿澳元，与上一个财年相比，降幅分别为16%和28%。

澳航利润下降的主要原因包括：票价回落、客户项目支出上升，以及货运营收有所下降。

关于新财年，澳航透露，机票预订和旅行需求保持稳定，旅行意愿和收入趋势均继续维持良好状态。

首席执行官Vanessa Hudson表示，未来12个月内旅行的意愿依然很高：

（图片来源：QAN）

报告发布后，二级市场给予积极反应，股价攀升。10:22成交价为6.345澳元，涨幅0.40%。该股近一年的投资回报率为5.22%。

【异动股】锑矿股暴涨成潮 FELIX Gold(ASX：FXG)飙升76%：测定锑品位高达15.99% 评估近期投产可行性

FELIX Gold Ltd (ASX股票代码：FXG)披露，美国阿拉斯加Treasure Creek金锑项目内矿石锑含量高达15.99%，受消息提振，FXG股价暴涨。

周三截至澳东时间12.50pm，FXG澳交所股价飙升76%，报0.088澳元，成交量1956万股。

近期澳交所锑矿概念炙手可热，相关个股异动频频，更多详情见：

【异动股】声称坐拥澳洲高品位锑矿床 Nagambie Resources (ASX：NAG)再度暴涨44%

【异动股】中国对锑实施出口管控 Larvotto Resources（ASX：LRV）连日暴涨急剧放量 

澳华财经在线数据库显示，FELIX Gold披露的最新测定结果包括：

22TCRC071钻孔：自7.62米起3米长矿段，锑品位14.24%

22TCRC041钻孔：自86.87米起1.5米长矿段，锑品位15.99%

以及超高品位结果：

23TCRC135钻孔：自38.1起1.5米长矿段，锑品位26.1%

23TCRC176钻孔：自3起6.1米长矿段，锑品位7.7%，其中包括1.5米长，锑品位28%

Felix Gold执行董事Joe Webb表示，Treasure Creek地区广泛分布高品位锑，而其项目临近阿拉斯加最大的历史锑矿之一Scraved锑矿。

FXG正在评估近期实现锑生产的可行性。锑对于美国关键金属供应链安全有重要意义，公司预计将与相关美国政府机构合作推进未来开发。

（图片来源：FXG）

【异动股】保健品股Nutritional Growth Solutions（ASX:NGS）季度营收劲增（+32%）

总部位于美国的保健品公司Nutritional Growth Solutions Limited（ASX股票代码：NGS）发布季度业绩，股价获提振飙涨31.82%。

澳华财经在线数据库显示，NGS有20年儿科营养学医学研究历史，主要生产销售经过临床测试、面向3至12岁儿童的营养补充剂配方。

2024财年第二季度NGS营收环比增长17.4%，达64.8万美元（98.2万澳元）。Healthy Heights®产品已上架Target.com和沃尔玛零售网络。

7月NGS成功完成面向在战略及高级投资者的200万澳元融资计划。

NGS澳交所最新价报0.029澳元。

【异动股】 药用大麻股ECS Botanics（ASX:ECS）营收突破2000万澳元（+30%）

ECS Botanics Holdings Ltd（ASX:ECS）营收与利润创纪录新高，股价应声飙涨超30%。

澳华财经在线数据库显示，ECS Botanics主要在澳洲维州西北部种植药用大麻，公司已获得澳医疗用品管理局颁发的GMP认证许可证。

根据公告，截至6月30日的2024财年，ECS 总营收2050万澳元，同比增长31%，税后净利润200万澳元，同比增长305%，毛利率从18.0%提高到35%。

过去12个月ECS共生产6.6吨干大麻花。截至年末公司账面现金结余320万澳元。

ECS董事总经理Nan-Maree Schoerie表示，2024财年是非常富有成效的一年，各项战略计划顺利推进，尤其是发展出口业务并推出直面消费者的B2C业务。

周三ECS最新价报0.017澳元，日成交量970万股。

（图片来源：ECS）

（部分资料来源：澳洲金融评论 澳大利亚人报 RBA）

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