Core Insights - The article discusses the structure and dynamics of the feed industry in China, highlighting the upstream raw materials, midstream production, and downstream demand from farming and aquaculture sectors [1][4][6]. Industry Chain Overview - The feed industry chain consists of three segments: upstream raw materials (energy, protein, and microbial sources), midstream feed product development and production (including pig, poultry, ruminant, and aquaculture feeds), and downstream demand primarily from farmers and aquaculture enterprises [1]. - Recent government initiatives aim to reduce reliance on imported corn and soybean meal, leading to a gradual establishment of domestic raw material sources and improved stability [1]. - Midstream companies are enhancing innovation capabilities and accelerating new product development, with increasing vertical integration between midstream and upstream/downstream sectors [1]. - Rising meat consumption levels in China are expected to boost the scale of downstream aquaculture and livestock farming [1]. Regional Distribution - Upstream raw material suppliers are mainly located in Inner Mongolia, Guangdong, Fujian, and Beijing, while feed production companies are concentrated in Guangdong and Sichuan [6]. - The majority of downstream aquaculture companies are found in Guangdong, Jiangsu, and Henan provinces [6]. Company Developments - Major feed companies in China, such as New Hope, Haida Group, and Tongwei, have reported feed revenues exceeding 30 billion yuan, with some companies like Dabeinong and Jingji Zhino achieving gross margins above 11% [9]. - Haida Group and New Hope have high feed production and sales volumes, each exceeding 20 million tons [9]. - Investment activities in 2023 include establishing subsidiaries, new projects, and increasing capital in existing subsidiaries by leading feed companies [10].

Core Viewpoint - The research on hybrid vehicles in China has shown a declining trend in the number of related academic papers from 2016 to 2024, with a projected total of 272 papers in 2024, indicating a decrease in research interest in this field [3]. Group 1: Definition and Market Trends - Hybrid vehicles are defined as vehicles that utilize two or more power sources, specifically combining traditional internal combustion engines with electric power sources [1]. - The increasing environmental awareness and rising fuel prices have led to a growing consumer preference for hybrid vehicles, which are categorized into three main types: Plug-in Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV), and Range-Extended Electric Vehicles (REEV) [1]. Group 2: Research Output and Institutions - Higher education institutions are the primary contributors to the literature on hybrid vehicles, with Jilin University leading by publishing 410 related papers [5]. - The overall research output in the hybrid vehicle sector has been declining, with a notable drop in the number of papers published in recent years [3]. Group 3: Research Themes and Disciplines - Hybrid technology is identified as a popular research theme within the hybrid vehicle sector, alongside control strategies and HEV-related studies [8]. - The automotive industry is recognized as a key research discipline in the hybrid vehicle field, with significant contributions also coming from industrial economics and electric power industries [9].

（图片来源：摄图网） 据智通财经4月27日报道，美的在机器人领域又有新动作，其自主研发的类人形机器人即将投入实际应用。5 月份将正式进驻湖北荆州的洗衣机工厂，承担机器运维、设备检测和搬运等工作;到今年下半年，它们还会 陆续现身线下门店，为顾客提供商业导览、制作咖啡等服务。 美的中央研究院智能技术与应用研究所所长、人形机器人创新中心负责人奚伟透露，今年美的主要聚焦于全 人形以及类人形机器人产品迭代，通过产品迭代去解决电池续航、数据采集和仿真、关节轻量化等问题。不 过，奚伟也坦言，人形机器人真正实现产业化，可能还需要3 - 5年时间。 美的早在2015年就开始布局机器人产业，并于2017年收购了德国库卡(KUKA)，成为全球工业机器人"四大家 族"之一。库卡拥有超过50年的机器人制造经验和技术积累，特别是在高精度运动控制、多轴协同算法等核 心技术方面具有优势。美的通过整合库卡的技术资源，成立了中央研究院具身智能研发团队，专注于人形机 器人核心零部件的研发。 人形机器人及相关产业被列为"颠覆性产业"，是未来科技的重要发展方向，具有巨大的市场潜力。美的提前 布局人形机器人领域，无疑是一场具有深远战略意义的"豪赌"。 ...

Group 1: Market Overview - The global PCB market experienced fluctuating growth from 2016 to 2023, with a significant decline in 2023 due to the retreat of the home economy and global high inflation, resulting in a 15% year-on-year decrease in market value to $69.5 billion [1] - A recovery is expected in 2024, with the market projected to reach $72.97 billion, reflecting a year-on-year growth of 4.97% as terminal demand recovers and inventory levels normalize [1] Group 2: Production Landscape - China has become the largest PCB production base globally, surpassing Japan in 2006, with its production value maintaining around 50% of the global total from 2016 to 2023, increasing to nearly 55% by 2023 [4] - The shift of global electronic manufacturing capacity towards Asia, particularly mainland China, has established a new manufacturing center in the region [2] Group 3: Product Structure - Rigid boards remain the dominant product type in the global PCB market, with multi-layer boards accounting for approximately 38% and single/double-sided boards for about 11% in 2023, together making up nearly half of the market [6] Group 4: Application Areas - The primary application areas for PCBs include communication, computing, and automotive electronics, with communication and computing accounting for 31.8% and 30.7% of the market share, respectively, followed by automotive electronics at 13.1% in 2023 [10]

转自：前瞻产业研究院 行业主要上市公司：宝钢股份(600019);首钢股份(000959);望变电器(603191);沙钢股份(002075);鞍钢股份 (000898);太钢不锈(000825);马钢股份(600808);新钢股份(600782)等 本文核心数据：行业政策;地方政策;政策解读;政策关键词; 1、政策历程图 中国硅钢行业政策从十二五到十四五期间的政策历程如下："十二五"期间淘汰落后产能，推动技术创 新：2012年，工信部发布相关文件，要求淘汰热轧硅钢等落后产能，推动硅钢行业向冷轧电工钢升级， 提高行业整体技术水平和产品质量，减少能源消耗和环境污染。鼓励企业加大研发投入，开发高磁感、 高牌号硅钢产品，提高产品性能和竞争力，满足新能源、高端装备制造等新兴产业对高性能硅钢的需 求。"十三五"期间供给侧结构性改革，能效标准提升：在供给侧结构性改革政策的推动下，钢铁行业去 产能取得显著成效，硅钢行业也优化了企业布局，提高了行业集中度，产能利用率稳步提升。陆续发布 了一系列针对家电、电机等领域的能效标准，对硅钢的性能和质量提出了更高要求，促使企业生产更高 能效的硅钢产品。"十四五"期间双碳战略引领，地方政 ...

转自：前瞻产业研究院 行业主要上市公司：北方稀土(600111);中国稀土(000831);广晟有色(600259);厦门钨业(600549);中科三环 (000970);英洛华(000795)等 本文核心数据：全球稀土储量;全球稀土产量 全球主要大型稀土矿床及矿石类型 经过半个多世纪的超强度开采，中国稀土储量下降明显。除中国外，美国、澳大利亚、俄罗斯、巴西、加拿 大、印度等国的稀土资源也较为丰富。近年来，在越南也发现了大型稀土矿床。非洲大陆也蕴藏着丰富的稀 土资源。目前，全球大约有30多个国家和地方发现了稀土资源或从事稀土生产，主要稀土资源国中有一批大 型或以超大型稀土矿床。 全球稀土储量下滑，中国为最大稀土资源国 据美国地质调查局(USGS)数据，2024，全球已探明稀土资源储量0.9亿吨，已连续两年出现较大的下滑。 全球稀土资源部分不均，高度集中在中国、越南、巴西和俄罗斯四大国家。根据最新美国地质调查局 (USGS)数据显示，截至2024年末，全球已探明稀土资源储量9000万吨，其中，中国稀土资源储量4400万 吨，是世界最大稀土资源国;巴西稀土储量位列第二，为2100万吨;其次是印度和澳大利亚，稀土资 ...

转自：前瞻产业研究院 行业主要上市公司：新澳股份(603889)、恒力石化(600346)、东方盛虹(000301)、浙文影业(601599)、恒 逸石化(000703)、百隆东方(601339)、华孚时尚(002042)、凤竹纺织(600493)、金鹰股份(600232)、华升 股份(600156)、嘉欣丝绸(002404)、彩蝶实业(603073)、华纺股份(600448)等 本文核心数据：企业竞争格局;区域竞争格局;行业竞争力评价 1、中国纺织行业整体竞争梯队 按纺织行业企业纺织业务营收规模来看，100亿元以上的企业有华孚时尚等等，营收在10亿元-100亿元 之间的企业有新澳股份、浙文影业、百隆东方和嘉欣丝绸等，营收在1-10亿元之间的企业有凤竹纺织、 金鹰股份、华升股份、彩蝶实业和宏达高科等。 2、中国纺织行业细分市场竞争格局 从细分领域来看，棉纺织领域以魏桥创业、天虹国际、华孚时尚、百隆东方等企业为主;麻纺织领域以 金鹰股份、华升股份和金达控股等企业为主;毛纺织领域以新澳股份、中鼎纺织和浙文影业等企业为主; 丝纺织领域以嘉欣丝绸、达利丝绸和金富春等企业为主;化纤纺织业有彩蝶实业、宏达高科和台华新材 ...

Core Viewpoint - The Chinese imported car market is experiencing a significant decline, with import volumes dropping from 1.24 million units in 2017 to 800,000 units in 2023, and projected to fall to 700,000 units in 2024, marking a 12% year-on-year decrease [2] Group 1: Market Trends - The imported car market has seen a sharp decline, with a 39% year-on-year drop in the first quarter of 2025, importing only 95,000 vehicles [2] - Domestic vehicles are rapidly gaining market share due to advancements in technology, quality, and design, while international brands are localizing production to reduce costs and better meet market demands [2] - The luxury car segment is currently the main support for the imported car market [3] Group 2: New Energy Vehicles (NEVs) - The average import price of NEVs in China has risen from $41,478.8 per unit in 2018 to $60,620.9 per unit in 2022, indicating a strong demand for high-end models [3] - China has maintained its position as the world's largest market for NEVs, with a market share of 24.4% in 2022, contributing to a global market share of 13.3% [6] - The Chinese government has set a target for NEVs to account for approximately 20% of total new car sales by 2025, with expected sales surpassing 13 million units [8] Group 3: Strategic Insights - The development of NEVs is a key national strategy for China, addressing issues like oil security and air pollution while enhancing industrial competitiveness [10] - The automotive industry is shifting towards a dual-driven model of domestic and international markets, with smart technology playing a crucial role in industry upgrades [10] - The establishment of specialized research institutions aims to provide comprehensive planning and consulting services for the NEV industry, focusing on data-driven insights and strategic development [10]

Group 1 - The global lead-acid battery market is steadily expanding, with a projected market size of $54.924 billion in 2024, reflecting a year-on-year growth of 10.5%, the highest growth rate in recent years [1] - The lead-acid battery industry is characterized by its low price, mature technology, excellent performance in high and low temperatures, reliability, and high safety, maintaining a significant market position globally [1] - The downstream demand for lead-acid batteries is primarily influenced by the automotive, electric vehicle, communication, and power sectors, with the starting power application market accounting for over 70% of the global lead-acid battery market in 2023 [5] Group 2 - The competitive landscape of the global lead-acid battery industry is highly concentrated, with Clarios holding a market share of 24%, followed by Exide and Yuasa at 10% each, resulting in a CR3 of 44% and a CR10 of 76% [2] - The lead-acid battery industry in China is currently in a mature stage, characterized by a slowdown in growth after a period of rapid expansion, with high entry barriers and a decreasing number of non-compliant manufacturers [7]

Short Video Sector - The competitive landscape of short video platforms has evolved from a "duopoly" to a "tripod" structure, with Douyin maintaining over 600 million daily active users, and Kuaishou achieving an average of 685 million monthly active users and 387 million daily active users, both reaching new highs [1][4] - WeChat Video Account has become a significant player in the short video market, integrating various features such as messaging, Moments, public accounts, mini-programs, and "Look" [1] - Other short video platforms like CCTV Video, Xigua Video, Tencent Weishi, and Haokan Video are carving out niches with average monthly active users ranging from 100 million to 300 million [1] Long Video Sector - In the long video sector, major platforms such as iQIYI, Tencent Video, Mango TV, Youku, Bilibili, and Migu Video account for nearly 93% of the market penetration [7] - As of August 2024, the top five video apps by monthly active users are iQIYI (394 million), Tencent Video (386 million), Mango TV (268 million), Bilibili (219 million), and Youku (199 million), with Youku lagging significantly behind the top three [10] Live Streaming Sector - The live streaming market is dominated by platforms like Douyu, Huya, and YY, which collectively hold a market share of 74.2%, indicating a strong concentration of users in entertainment and gaming live streaming [11] Gaming Sector - In the gaming industry, Tencent Games leads with a revenue of 48.505 billion yuan in the first half of 2024, followed by NetEase with 20.9 billion yuan in revenue for the first three quarters of 2024 [14][15]