【文/观察者网 邓军 编辑/赵乾坤】 印度航空事故调查提及波音客机燃油开关后，多国航空公司已对旗下多个型号的波音客机启动燃油开关 强化检测。 据路透社、《印度时报》等外媒报道，在众多航空公司已开始自行检查燃油开关锁定机制后，印度民航 总局 (DGCA) 也下令所有印度国内航空公司对其运营的多个波音型号飞机燃油开关及其锁定系统进行紧 急检查。 印度航空事故调查局的初步报告显示，印度客机坠毁事故中，涉事飞机的燃油开关在坠毁前从"运行"切 换到"切断"位置，导致发动机燃油供应中断。报告同时披露，美国联邦航空局（FAA）曾于2018年发布 公告，建议波音787等机型的运营商检查燃油开关锁定功能，防止其意外移位。 据《印度时报》报道，此次DGCA要求的紧急检查对象涉及波音787、747和737机型，运营商包括印度 航空、靛蓝航空和香料航空等多家印度航空公司。 路透社报道称，FAA于7月11日发布适航通知称，该机构认为无需针对787等所有波音机型发布燃油开关 相关的适航指令。波音公司也不建议航司就燃油开关采取行动。 观察者网从多个中国航司相关人士处了解到，暂未接到中国民航局关于相关波音型号飞机燃油开关及其 锁定系统进行紧 ...

Core Viewpoint - Guifaxiang, known as the "first stock of Mahua," has reported a mid-year loss for the first time in two years, raising concerns about its future development prospects in the face of multiple challenges such as weak consumer demand and a single product structure [1][4]. Group 1: Financial Performance - The company expects a net loss attributable to shareholders of approximately 3 to 5 million yuan for the first half of the year, reflecting ongoing operational difficulties [1]. - In the first quarter, Guifaxiang's revenue decreased by 8.76% year-on-year, with net profit down 64.46% to 6.645 million yuan, indicating a significant decline in performance [3]. - The estimated loss for the second quarter is projected to be around 10 to 12 million yuan, marking a severe downturn compared to previous years [3]. Group 2: Reasons for Loss - The primary reasons for the loss include persistent weak market demand, particularly in the Tianjin local market, leading to a decline in both customer traffic and average transaction value [2]. - The expansion of distribution channels has resulted in increased operational costs, including higher advertising expenses and depreciation costs for new office buildings [2]. - A decrease in investment income due to reduced investment in financial products and lower interest income has further exacerbated the financial downturn [2]. Group 3: Business Model and Strategy - Guifaxiang's revenue heavily relies on its Mahua products, which accounted for 65.91% of total revenue in 2024, highlighting the vulnerability of its single product structure [4]. - The company has increased marketing expenditures significantly, from 108 million yuan in 2022 to 153 million yuan in 2024, while reducing R&D spending by 66.2% [4]. - The company faces intense competition in the snack food industry, necessitating a shift towards product innovation and a more diversified marketing strategy to attract younger consumers [5]. Group 4: Industry Context - The snack food industry in China is experiencing rapid expansion, with increasing demand for healthier and personalized products, while traditional channels are under pressure to adapt [5]. - The competition has shifted from price wars to a focus on product innovation and consumer experience, emphasizing the need for companies like Guifaxiang to evolve [5]. - Guifaxiang stands at a crossroads, needing to balance traditional craftsmanship with modern market demands, serving as a case study for the transformation of traditional brands in the new era [6].

Group 1: Trade Relations and Impact - The President of the Brazilian Coffee Exporters Association stated that the U.S. imposing a 50% tariff on all imports from Brazil is detrimental to both countries [1] - The tariff will have a profound impact on Brazilian coffee producers, with 75% of the 300,000 coffee growers being smallholders, affecting thousands of families [1] - The long-standing trade relationship between Brazil and the U.S. has been beneficial for both sides, and the current tariff is viewed as a political maneuver that requires dialogue for resolution [1] Group 2: Coffee Industry Developments - Ethiopia is adjusting its coffee export strategy in response to U.S. tariffs, planning to strengthen trade relations with existing markets and expand to 20 countries [4] - Ethiopia is the largest coffee producer in Africa and the fifth-largest exporter of Arabica coffee, with a projected 10% tariff from the U.S. expected to impact its coffee export revenue by approximately 35% [4] - In the recently concluded fiscal year, Ethiopia's coffee exports reached over 468,000 tons, a year-on-year increase of about 170,000 tons, with export revenue hitting $2.65 billion (approximately 190.2 billion RMB) [4] Group 3: New Tea Beverage Market Expansion - The tea brand Sweet Lala has signed over 8,000 stores globally, with 1,135 new contracts in the first half of 2025, including nearly 200 overseas locations [2] - The brand has successfully opened ten stores simultaneously in Indonesia, with a total of 137 signed stores in the market [2] Group 4: Coffee Production Capacity - Kudi Coffee's global supply chain super factory has commenced operations in Anhui, China, with an annual production capacity of 4 billion cups of ready-to-drink beverages [3] - The super factory, covering 385 acres and with a total construction area of approximately 340,000 square meters, is noted for being the largest and most intelligent facility in the global coffee industry [3] Group 5: Supply Chain Competitiveness - Huaxin Securities has initiated coverage of the new tea brand Cha Baidao, highlighting its strong supply chain capabilities and product innovation as key competitive advantages [6] - Cha Baidao's supply chain covers all 31 provinces in China, supported by 25 warehouses and over 300 temperature-controlled delivery vehicles [6] - Approximately 92% of Cha Baidao's stores achieve next-day delivery after orders, with 95% receiving deliveries two or more times a week [6]

7月21日消息，京东在智能机器人领域连下三城，完成三家具身智能领域头部企业的投资。 今年7月，众擎机器人完成两轮融资，其中Pre-A++轮由小鹏汽车作为基石出资人发起设立的星航资本 投资。A1轮融资由京东领投，宁德时代旗下溥泉资本、银泰集团等产投，以及华控基金、达晨财智旗 下国晨基金、黄浦江资本等财投参投。 而此次被投企业各具特色。千寻智能成立于2024年1月，专注于具身智能机器人及通用人形机器人技术 的研发与场景落地。该公司成立半年内相继完成种子轮、天使轮融资，累计融资金额近2亿元，投资方 包括弘晖基金、达晨创投、千乘资本等知名机构。 其核心技术涵盖视觉语言模型ViLa、部件约束模型CoPa以及世界领先的运动控制系统，核心团队由韩 峰涛等机器人行业资深专家及国内外顶尖高校科研人员组成。 逐际动力成立于2022年1月，是一家具身智能机器人公司，聚焦打造全尺寸通用人形机器人，并衍生了 包括双足机器人等创新产品。 在此前的A轮系列融资里，战略产业投资人包括阿里巴巴集团、招商局创投、尚颀资本、蔚来资本、联 想创投、彼岸时代、纳爱斯集团，知名财务投资人有高捷资本、绿洲资本、明势创投、峰瑞资本、南山 战新投。 众擎机器 ...

7月20日、21日，以"启航低空新赛道・赋能应用新场景"为主题的低空百大应用飞行展演，在上海佘山月湖雕塑公园表演广场启幕。这次表演为广大观众带 来了一场低空科技盛宴，也为7月23日正式召开的2025国际低空经济博览会拉开了序幕。 本次飞行展演集结了普宙科技、济美动力、氢航科技、天眸航空、玄风航空、新辰通航、心意植保、幻飞科技、极客桥、志茗航空、空鹜无人机、震序防 务、天机翼、黑吻航空等30多家行业知名企业，首日便吸引了超过1000名专业观众到场观摩。 活动现场，首个节目便是别开生面的 "升旗仪式"——与我们所熟知的升旗仪式不同，此次的 "执旗手" 是一架多旋翼无人机。在起飞后，随着飞手的操作， 无人机稳稳牵引着鲜红的五星红旗，在蓝天白云下缓缓舒展飘扬。 无人机升起国旗 现场图片 其中，济美动力氢燃料巡检无人机是以氢燃料电池为动力的专业巡检设备，凭借长续航、高稳定性及环保特性，在各类巡检场景中展现出显著优势，尤其适 用于大范围、长距离或复杂环境下的巡检任务。 而氢航氢燃料运输无人机则是一种以氢燃料为动力源的无人机，凭借其高能量密度、环保等优势，在物流配送、应急救援等领域发挥着越来越重要的作用。 据了解该款无人机 ...

Group 1: Regulatory Actions in Banking Sector - Shanghai Pudong Development Bank's Beijing branch was fined 2.45 million yuan for improper lending practices [1] - The People's Bank of China issued a draft regulation to enhance supervision of money brokerage firms, indicating an end to profit-making through information asymmetry [1] - The China Banking Association released self-regulatory norms for syndicated loan business to improve compliance and market order [1] Group 2: Panda Bond Market Developments - A new policy from multiple government departments aims to optimize the management process for Panda bonds, enhancing the investment environment for foreign enterprises [2] - Since its pilot launch in 2005, the Panda bond market has evolved, with flexible funding uses and low interest rates making it an attractive option for foreign investors [2] Group 3: Banking Loan Rate Trends - Several banks have reduced operating loan rates below 3%, reflecting a competitive pricing strategy amid weak credit demand [3] - The trend of "price for volume" is seen as unsustainable, prompting banks to enhance loan purpose verification and assess actual business conditions [3] - Banks are diversifying services to improve customer retention, suggesting a shift towards comprehensive financial services [3] Group 4: Stablecoin Regulation and Market Growth - Hong Kong's Stablecoin Regulation will take effect, with significant progress reported by companies involved in the sandbox program for stablecoin issuance [4] - The regulation is expected to have a profound impact on currency internationalization, although financial stability risks remain a concern [4] Group 5: USDT Market Milestone - Tether Holdings announced that USDT's market capitalization has surpassed 160 billion USD, marking a significant milestone in the stablecoin market [5] - USDT is increasingly viewed as a reliable dollar alternative in emerging markets, with over 400 million users and a quarterly increase of 35 million wallets [5] Group 6: Financial Market Clean-up Efforts - Twelve banks in Shenzhen denied any collaboration with a local loan agency, emphasizing compliance and ongoing efforts to combat financial "black and gray industries" [6] - The People's Bank of China injected 1.4 trillion yuan into the banking system through reverse repos to ensure liquidity stability during tax periods [6]

【文/观察者网 柳白】"从一味强硬到示好，特朗普对华政策怎么就变了？" 美国《纽约时报》7月20日发表文章称，特朗普政府早前解禁售华H20芯片，是对三个月前政策的戏剧 性逆转。随着中国采取管控稀土出口等反制措施，那个最初决心通过惩罚性关税迫使中国屈服的特朗普 政府，似乎意识到了这种策略的危险性，现在转而希望拉近与中国的关系。这些事态凸显出中国对美国 经济的影响力。 文章写道，近年来，中方向美方提出的一个主要要求，就是放宽对人工智能芯片的严格管控，特朗普上 周真的这么做了。而颠覆中美这两大全球经济体的事件，就是中国限制了对美国工厂（包括车企和国防 制造商）至关重要的矿物及磁体的出口。 美国政府各部门官员表示，特朗普政府正在暂停对华采取更激进行动，同时推动会给中国留下好印象的 举措，H20芯片的政策逆转正是其中之一。 知情人士透露，H20芯片的解禁决策主要由特朗普政府高层推动，他们认同英伟达的观点：相比禁止出 口，销售这款芯片更有利于保持美国的技术领导地位。 但特朗普官员也声称，这是贸易谈判的一部分。美国财政部长贝森特7月15日称，H20解禁是与中国谈 判的"整体框架的一部分"。 在白宫椭 圆形办公室等待接电话的 ...

但帽子仍旧是其最核心的品类，和Ciele Athletics的加拿大老乡如出一辙：通过"死磕技术"解决运动中的痛点。 Ciele Athletics的标志性款式是GOCap，采用轻量透气网布、柔软帽檐、UPF+40 紫外线保护、反光细节，可以为跑者提供方便携带、快干、安全的运功帽。 它的另一显著特点是可以机洗，这也是跑步帽中少见的优点。 观察者网在Ciele Athletics官网发现，其对B2B的业务很看重，可以直接在官网申请成为品牌的经销商。有媒体报道称，Ciele Athletics已经在全球43个国家的 1300多家店铺销售。《懒熊体育》也发现，上海的一家名叫PB SPORT的买手店有Ciele Athletics的产品销售。 （文/霍东阳 编辑/张广凯） 近日，滔搏体育宣布与高性能专业跑步品牌Ciele Athletics达成合作。 据悉，Ciele Athletics诞生于加拿大蒙特利尔，由热爱跑步的设计师Jeremy Bresnen和好友Mike Giles于2014年共同创立。 Ciele Athletics的故事从帽子开始，之后品类也扩张至T恤、背心、运动裤、夹克等。Bresnen曾多次强调 ...

（文/朱道义 编辑/张广凯） 法国奢侈品牌路易威登，再次发生了重大数据安全事件。 据香港文汇报等媒体报道，路易威登(Louis Vuitton)近日发客户信，称发生客户资料外泄事件，近42万 名香港客户受影响。 外泄的资料涉及客户姓名、护照号码、出生日期、地址、电邮地址、电话号码、购物记录和产品喜好资 料。路易威登香港（LVHK）表示，外泄的资料不包含任何支付资讯，正通知相关部门和受影响客户。 香港个人资料私隐专员公署表示，已根据既定程序对LVHK展开调查，包括事件是否涉及延误通报。 值得注意的是，今年以来，路易威登的重大数据安全事件频频发生。 不久前的7月2日，路易威登发布公告称遭遇网络攻击，导致重大数据泄露事件发生。据报道，攻击者窃 取了其在英国、韩国、土耳其等国家的客户姓名、联系方式和购买历史等敏感信息，受影响用户超过 14.3万名。 同日，路易威登韩国公司也发布通知称，有未经授权的第三方于6月8日进入公司系统，导致部分客户个 人信息资料泄露。通知显示，泄露的数据可能包括客户姓名、联系方式和客户提供的其他信息。资料库 中并不包含密码或财务资料，如信用卡资料、银行账户资料或其他财务账户。 此外，5月12日 ...

（文/方周 编辑/吕栋） 事发距今已有九年，三星Note 7"爆炸门"的余波仍在持续。 据纽约邮报（New York Post）、samsung mania等外媒消息，近期，美国网友在社交媒体平台上拍摄的 一则短视频使得这一部"臭名昭著"的手机再次进入了人们的视野。 一位网友于六月下旬拍摄了美国机场的一则警示信息，上面鲜明地写道："美国联邦航空管理局 （FAA）禁止携带物品——三星 Galaxy Note 7。个人不得携带此设备登机、放入随身行李或托运行李 中，适用于前往、离开或在美国境内飞行的所有航班。" 国外网友于美国一机场拍摄的告示牌 纽约邮报 这则视频在短时间内便获得了超过250万次播放，再一次引发了人们关于这一早已停产、三星方面最不 愿提起的旧手机的关注。 但时隔多年，社交媒体上的许多网友都对此表示疑惑：这款手机到底怎么了？为什么它被禁了？ 据悉，三星于于 2016年8月发布Galaxy Note 7智能手机，距今已有9年时间，但该款手机发布后不就便 在全球范围内陆续爆出手机电池爆炸事件，造成用户损伤与财产损失，仅仅截至2016年9月1日，三星方 面便称已在全球范围内收到35起电池损坏和燃烧案例。随 ...