本报记者 王磊 近年来，农行山西分行积极探索解决畜牧业贷款抵押难问题的新路子，针对活体抵押面临监管难、估值 难、处置难等问题，不断强化科技赋能，利用智慧畜牧管理系统，实现对牲畜活体动态监管，通过发 放"智慧畜牧贷"，突破传统抵押担保限制，为养殖户提供精准信贷支持，有效破解养殖户融资难、融资 贵问题。 农行山西分行相关负责人向记者表示，农行山西分行结合本省黄金畜牧生产带的区域优势和畜牧业市场 需求，从担保创新、监管创新、养殖创新、科技创新等方面寻求突破，运用、依托"智慧畜牧贷"产品， 采用"政府+保险+银行+农户"四位一体金融服务模式，通过"物联网监管+动产抵押"形式，借助物联 网、大数据、人工智能等技术，为牲畜植入电子耳标、佩戴智能项圈，实时采集生长数据、健康状态、 活动轨迹等信息，构建覆盖养殖全周期的数字化档案，解决活体牲畜身份识别和活体抵押物牲畜实时监 控两大核心问题，将活物转化为可追溯、可评估的"数字畜牧"，让活体资产转变为信用资产，从而有效 解决养殖户担保难、融资难等"卡脖子"问题。 在实际工作中，该分行多次组织专班赴地方肉牛养殖场开展调研，研究活体抵押贷款在落地过程中的流 程、细节，提前扫清产品落地 ...

本报记者苏向杲 杨洁 近日，避免"内卷式"竞争成为银行业持续关注的话题。一方面，国家金融监督管理总局明确提到，防止 并纠正涉农信贷业务"内卷式"竞争。另一方面，多家银行也发声拒绝"价格战"，呼吁避免低效竞争。 《证券日报》记者与多位业内人士交流了解到，当前商业银行内卷最突出地体现在存款与贷款业务上。 分析其根源，既有外部经济环境变化对银行负债与资产两端的冲击，也有部分商业银行市场应对能力不 足，依然固守"规模情结"、缺乏创新动力。 在监管纠偏内卷与银行发声"不打价格战"的同时，不少商业银行已然积极行动起来，基于自身资源禀 赋，加大创新力度，调整业务结构，积极探索差异化发展之路。主要表现为，积极运用金融科技等手 段，开拓存贷款增量业务，提升非息营收占比，持续增强穿越经济周期的能力。 内卷的"表"与"因" 当前，我国银行业主要利润来源于存贷款利差，商业银行内卷也主要集中在存款端与贷款端。 去年11月份，中国人民银行（以下简称"央行"）在《2024年第三季度中国货币政策执行报告》（以下简 称《报告》）中明确指出，商业银行内卷严重，出现了贷款利率"下行快"、存款利率"降不动"的现象， 导致存贷款利率与政策利率调整幅度 ...

今年一季度，造车新势力阵营迎来新一轮洗牌。小鹏汽车以9.40万辆的交付量强势登顶，同比大增 331%。得益于MONA M03和P7+两款爆款车型的持续热销，小鹏汽车成为最大黑马。同时，通过技术 降本与规模效应，小鹏汽车的毛利率提升至10.5%。 理想汽车以9.29万辆的交付量位居第二位，同比增长15.5%。L系列累计交付突破百万辆，成为全球首个 达成此里程碑的增程产品线。理想汽车正通过车型焕新升级与海外市场布局寻求增量，预计第二季度交 付量将回升至12.3万辆至12.8万辆。 零跑汽车以8.76万辆的交付量稳居第三位，同比大增162%。"高配低价"策略成效显著，C系列车型占比 达77.5%，新车型B10上市48小时订单超3万辆。海外市场成为新引擎，一季度出口量超7500辆，居新势 力之首。 蔚来汽车实现交付4.21万辆，同比增长40.1%。主品牌蔚来贡献2.73万辆，子品牌乐道交付1.48万辆，尚 未形成强力支撑。其销量基数与盈利压力仍待突破，一季度乐道品牌负责人更迭也显露内部调整信号。 本报记者 刘钊 随着上市新势力车企2025年一季度财报的陆续发布，行业分化格局进一步凸显。小鹏汽车有限公司（以 下简称"小 ...

本报记者 周尚伃 见习记者 于宏 作为重要的"市场风向标"之一，券商营业部龙虎榜的交易动向和排名情况一直备受市场关注。今年前5 个月，券商营业部龙虎榜位次变动较大，尤其是龙虎榜成交额前100名券商营业部（以下简称"百强营业 部"），与去年末相比，有39家新晋营业部。 值得一提的是，作为今年以来龙虎榜的一大看点，券商以分公司引领区域业务发展的战略成效有所显 现。 头部券商仍占主导地位 东方财富Choice数据显示，今年前5个月，共有5169家券商营业部合计登上龙虎榜5.38万次（除去机构 专用、深股通及沪股通专用席位），合计成交金额达1.18万亿元，其中，百强营业部成交金额合计 8060.02亿元，占比68.29%。 从整体榜单来看，综合实力雄厚的头部券商旗下营业部依然占据主导地位。除上述5个东方财富证券旗 下营业部外，榜单前十名席位还包括中金公司上海分公司、国泰海通总部、中信证券上海分公司、开源 证券西安西大街证券营业部、国泰海通上海浦东新区海阳西路证券营业部，分别位列第5名、第6名、第 7名、第8名、第10名。从成交额来看，龙虎榜前十名营业部今年前5个月的成交金额均超过210亿元。 纵观百强营业部，国泰海通 ...

Core Viewpoint - The establishment of the Southeast Headquarters of Zhongke Star Map in Xiamen aims to accelerate regional layout and promote low-altitude economic development, positioning the company as a leader in the low-altitude economy sector [1][3]. Group 1: Company Strategy and Goals - Zhongke Star Map plans to create a "low-altitude cloud" service model to provide low-altitude cloud services across various regional markets [1]. - The Southeast Headquarters will focus on commercial aerospace, aerospace data services, and low-altitude economy as core business areas [1][3]. - The company aims to build a national-level aerospace data service trading platform and a demonstration highland for the low-altitude economy in the region [1][3]. Group 2: Regional Advantages and Collaborations - Xiamen has unique advantages for developing low-altitude economy and commercial aerospace, including economic, industrial, and talent advantages [2][6]. - The local government is actively promoting a "4+4+6" modern industrial system, which aligns with Zhongke Star Map's goals for collaboration in low-altitude safety, marine monitoring, and smart city innovations [4][6]. - Zhongke Star Map intends to deepen cooperation with Xiamen in areas such as technology development, ecosystem building, and scene empowerment [4]. Group 3: Infrastructure and Ecosystem Development - The company will establish a collaborative network called "One Core and Four Extremes," with Xiamen as the innovation hub, linking cities like Fuzhou and Hangzhou to create industry benchmarks [5]. - The Southeast Headquarters will integrate resources and implement a "1+3+2" strategic layout, which includes one headquarters building, three headquarters, and two research institutes [3][6]. - Zhongke Star Map's equipment headquarters will focus on the "Tianjian" series of rocket electronic systems, anticipating significant market growth due to the booming commercial aerospace industry [6][7]. Group 4: Future Prospects and Innovations - The company is actively preparing multiple low-altitude projects in the Southeast region, including "low-altitude construction plans" and "integrated vehicle-road-cloud" initiatives [7]. - Zhongke Star Map aims to attract high-tech enterprises in the aerospace field to create an industrial cluster effect through a shared aerospace data platform and low-altitude flight service ecosystem [7]. - The company has launched three innovative products, including the "Tianjian" series rocket electronic systems and the low-altitude digital twin base, to empower new aerospace scenarios [7].

本次并购完成，也意味着瀚蓝环境"十四五"战略目标初步达成。回顾瀚蓝环境的发展历程，数次跨越式 发展均是以"战略并购"为抓手得以实现。从2006年并购南海环保电厂，到2014年并购创冠中国，到后来 纵横一体化产业链延伸，再到如今并购粤丰环保，并购引领发展，已成为瀚蓝企业发展的重要方程式。 目前，瀚蓝环境的垃圾焚烧规模达到97590吨/日，国内行业排名前三、A股上市公司首位。公司下辖6个 事业部和1个企业研究院，其中原粤丰环保的垃圾焚烧业务被列入瀚蓝固废事业二部。 本报讯 （记者丁蓉）6月2日，瀚蓝环境股份有限公司（以下简称"瀚蓝环境"）官微发布消息，5月31 日，瀚蓝环境私有化粤丰环保所有条件达成，粤丰环保于6月2日从香港联交所退市。至此，瀚蓝环境并 购粤丰环保正式完成，踏上新的征程。 2024年以来，国务院、证监会出台多项政策，进一步激发上市公司并购重组市场活力，鼓励战略性并购 重组和资源整合，从政策指导支撑、产业发展趋势、金融赋能等方面推动上市公司及大型企业集团 从"规模扩张"向"价值创造"跃升，通过并购重组实现创新技术融合发展、生产要素优化配置、产业深度 转型，逐步提高盈利能力、综合竞争力和产业链主导力。 ...

Core Viewpoint - The gas industry is capital-intensive and requires continuous investment for development, with 2025 expected to be a challenging year for the sector [1] Group 1: Company Overview - Jin Hong Gas Co., Ltd. was established in 1999 and specializes in gas research, production, sales, and integrated service solutions [1] - The company provides over a hundred types of gas products, including specialty gases, bulk gases, and fuels, serving industries such as electronics, healthcare, energy conservation, new energy, and high-end equipment manufacturing [1] Group 2: Financial Performance - In Q1 2025, the company achieved revenue of 623 million yuan, a year-on-year increase of 5.62%, while net profit attributable to shareholders was 44.0032 million yuan, a year-on-year decrease of 42.47% [1] - The decline in net profit is attributed to increased market competition leading to lower product prices and gross margins, alongside higher capital expenditures and R&D investments [2] Group 3: Market Strategy and Future Outlook - The company is focusing on the electronic specialty gas market, which is crucial for semiconductor manufacturing, and plans to accelerate its market positioning to capture more business opportunities [2] - Jin Hong Gas is expanding its overseas business, having signed a gas production project in Thailand and acquired Singapore's CHEM-GAS to enhance its Southeast Asian market presence [3] - The company aims to stabilize revenue through new projects in bulk gas and on-site gas production, while also enhancing product lines in specialty gases through strategic collaborations [3] - In Q1 2025, R&D investment reached 27.734 million yuan, a year-on-year increase of 16.97%, accounting for 4.46% of revenue [3]

本报记者 郭冀川 5月下旬以来，汽车行业掀起新一轮降价潮，汽车行业的低价内卷也再次引发热议。近日，中国汽车工 业协会发布《关于维护公平竞争秩序促进行业健康发展的倡议》（以下简称《倡议》），提出了四点倡 议：所有企业严格遵从公平竞争原则，依法依规开展经营活动；优势企业不为垄断市场，挤压其他主体 生存空间，损害其他经营者合法权益；企业在依法降价处理商品以外，不以低于成本的价格倾销商品， 不进行诱导消费者的虚假宣传，扰乱市场秩序，损害行业和消费者根本利益；所有企业应对照国家相关 法律法规进行自查整改。 中国汽车工业协会原常务副会长兼秘书长、中国动力电池产业联盟理事长董扬表示，我国新能源汽车已 进入世界先进行列，对于新能源汽车产业的管理，已经不是只追求发展速度，还应该兼顾产业发展秩序 的稳定和长远，以及中国新能源汽车和世界汽车产业的协调发展。政府主管部门也在积极探索对于我国 新能源汽车产业的管理创新。 "内卷式"竞争影响汽车产业链和市场环境稳定 近年来，我国新能源汽车产业迅猛发展，新能源汽车新车销售占比已超40%，行业整体运行呈现稳中向 好态势，市场活力持续释放。然而，在快速发展的同时，行业利润率持续下滑却是不得不直 ...

农行乐山分行通过"贷款明白纸"即《企业贷款综合融资成本清单》，打造与企业交流的"阳光走廊"。近 期，该分行与四川恒泰药业有限公司开展贷款合作时明示企业贷款综合融资成本，让企业对融资成本一 目了然，让企业清楚了解融资成本构成，得到企业好评，目前双方已签订合同并发放贷款。 在个人贷款中心，农行乐山分行工作人员对前来咨询个体工商户贷款的客户，重点说明金融机构在办理 个体工商户经营性贷款时需明示综合融资成本，详细解读企业贷款综合融资成本清单，针对哪些费用是 银行承担的、哪些费用是客户承担的、年化费率核算标准是什么等，向客户"一对一"讲解清楚，通过 《企业贷款综合融资成本清单》，直观展示贷款综合融资成本，让客户明明白白地申请和使用贷款。 本报记者 余连斌 通讯员 张润 为贯彻落实人民银行四川乐山市分行关于"明示企业贷款综合融资成本"工作要求，农行乐山分行于近期 启动明示企业贷款综合融资成本工作，普及到经营末端，明确对企业融资成本的计算规则，使融资成本 核算更加精准。 为促进企业贷款走出"成本盲区"，让融资成本更加公开透明，推动降低综合融资成本，农行乐山分行走 进多家企业宣传，主动到乐山市金口河区金旅旅游开发有限公司、马 ...

Core Insights - The article highlights the positive impact of Postal Savings Bank's financial support on local farmers, particularly in the case of a peach grower who received a loan to expand his business [1][2] - The bank has been actively promoting loan products tailored for agricultural needs, facilitating easier access to funds for farmers [2] Group 1: Financial Support - The peach grower, Li Xiaoqiang, received a loan of 700,000 yuan from Postal Savings Bank, which helped him address his funding gap for expanding his peach cultivation [1] - The bank's local branch has been focusing on the agricultural sector, promoting products like "Express Loan" and "Industry Loan" that allow farmers to apply for loans via mobile scanning [2] Group 2: Agricultural Development - The bank has established a "government + bank" platform to enhance cooperation between government, banks, and enterprises, aimed at resolving the loan difficulties faced by farmers [2] - As of the end of April this year, the bank's local branch has disbursed over 300 million yuan in personal loans, indicating a strong commitment to supporting the agricultural community [2]