受超预期非农数据的影响，三大期指集体走高。截至发稿，道琼斯指数期货涨1.09%，标普500指数期 货涨1.17%，纳斯达克100指数期货涨0.97%。 现货黄金短线走低约8美元，现报3251.97美元/盎司。 美国总统特朗普再次在社交媒体上表示，美国没有通货膨胀，美联储应该降低利率。他还表示，"汽油 刚刚跌破每加仑1.98美元，为多年来的最低水平，杂货价格下降，能源价格下降"。 周五(5月2日)美股盘前，美国系列重磅经济数据刚刚出炉。劳工统计局报告称，美国4月非农就业人数 增加17.7万，大幅超出预估的13.8万增量，前值为增加22.8万；美国4月失业率报4.2%，市场预估为 4.2%，前值为4.2%。 美国非农就业数据公布后，美国国债收益率上涨，而美元也收复失地。 此外，交易员仍预计美联储今年将降息近四次。美联储官员此前表示，在进一步明确政府的政策将对经 济产生的影响之前，他们并不急于降息，并且根据普遍预计，美联储将在5月的下一次会议上将保持基 准利率不变。 同一日，欧盟统计局初步估计，欧元区今年4月消费者价格指数(CPI)同比上涨2.2%，与前值相平，略超 出经济学家预期的2.1%；然而不包括食品、酒精、 ...

在中国白酒的浩瀚星河中，五粮液如同一条奔腾不息的长河，其醇厚酒香源自无数工匠的双手。他们或 许没有耀眼的名字，却用毕生光阴守护着千年工艺脉络；他们或许不擅言辞，却能以行动诠释匠心真 谛。五一劳动节之际，我们走进五粮液集团，记录下六位酿酒工匠的故事。他们不是特例，而是五粮液 万千劳动者的缩影——在蒸汽氤氲的酿酒车间里，在传统与创新的碰撞中，用双手共同托起中国白酒的 过去与未来。 师德刚：以"感官"为尺，守护千年酒香 2004年，袁世华遭遇职业生涯的第一次重大挑战。因往日成绩显著过于自信而偏离传统工艺，酒质严重 下滑。他反思道，"酒的香气是一轮轮积累的，不能走捷径。"此后，他带领班组严格遵循工艺标准，认 真看糟配料，控制温度和水分，落实传统工艺，最终实现产量质量双提升。这段经历让他深刻认识 到"传统工艺是酿好酒的根基，丢不得。" 袁世华(右一)与徒弟在车间探讨酿酒工艺(五粮液集团公司供图) 2020年，袁世华调任523车间大班长，管理20个班组。面对落后班组，他坚持"传统工艺+精细管理"双管 齐下。例如，发现某班组因发酵不彻底导致酒质酸度过高，他亲自示范糟醅摊晾技巧，并引入感官与理 化检测结合的方法。在他看来，工 ...

Core Insights - Wuliangye, a prominent Chinese liquor brand, is deeply involved in the 2025 Osaka World Expo, showcasing its cultural heritage and innovative expressions to promote Chinese liquor globally [2][3][9] - The brand's participation reflects a shift from merely exporting products to exporting culture, emphasizing the integration of traditional Chinese values with modern global perspectives [8][20] Group 1: Cultural Integration and Global Presence - The 2025 Osaka World Expo features 158 countries and regions, with the China Pavilion highlighting themes of harmony between humanity and nature, aligning with Wuliangye's philosophy of "Heaven and Man in Harmony" [3][5] - Wuliangye's historical journey from the Panama International Exposition in 1915 to the current expo illustrates the evolution of Chinese liquor from product export to cultural export [2][5] - The brand integrates Chinese bamboo culture into its product design and marketing, enhancing its cultural narrative at the expo [7][8] Group 2: Innovative Marketing Strategies - Wuliangye has launched various promotional activities during the expo, including a pop-up experience store featuring unique cocktails and interactive events to engage global audiences [15][17] - The brand has established its first overseas authorized experience restaurant in Japan, promoting a fusion of Chinese and Japanese culinary arts [11] - Wuliangye's "Heavenly Beauty Global Tour" has commenced in Japan, showcasing Chinese culture through exhibitions and events, further enhancing its international presence [13][24] Group 3: International Market Expansion - Wuliangye has expanded its international market reach, exporting products to over 100 countries and regions, and establishing marketing centers in key global locations [20][22] - The company has developed a diverse product matrix to cater to various consumer preferences, including low-alcohol options and innovative cocktails [20][22] - The brand's marketing strategy includes participation in major international events, reinforcing its commitment to cultural exchange and brand visibility [22][26]

Core Viewpoint - The opening of Maison DAZZLE flagship store in Shanghai marks a significant step for the brand, integrating local cultural elements with modern aesthetics to enhance consumer experience [1][4]. Group 1: Store Opening and Design - The new store is inspired by Shanghai's historical Shikumen architecture and aims to blend the brand's aesthetic philosophy into the commercial space [1]. - The store's design was led by renowned designer Masamichi Katayama from Wonderwall, creating a diverse space that merges local culture with contemporary fashion elements [4]. - The opening event featured the brand's spokesperson, Shu Qi, showcasing the DAZZLE 2025 summer collection, highlighting the brand's fashion appeal [3]. Group 2: Brand Strategy and Market Positioning - Since 2024, the company has focused on enhancing store quality and brand image, with significant renovations and expansions in key locations across major Chinese cities [6]. - The new store in Shanghai is part of the company's strategy to increase market penetration and brand awareness among core consumer demographics [6]. - The brand's resilience in the retail environment is attributed to its commitment to long-term value creation and strong brand competitiveness [6]. Group 3: Product Development and Consumer Engagement - In 2025, DAZZLE will launch a new brand identity "Clock Flower," featuring unique designs that incorporate artistic elements and innovative craftsmanship [7]. - The "Clock Flower" series aims to resonate with the "she economy," addressing women's deeper needs for emotional connection and identity recognition [7]. - DAZZLE has effectively connected with consumers through initiatives like the "Shining Figures" series, enhancing brand loyalty and driving online traffic to physical stores [7]. Group 4: Market Trends and Consumer Insights - The "she economy" is a growing market force, with 624 million active female users in China contributing nearly 50% of online consumption, of which 33.1% have high purchasing power [8]. - Female consumers prioritize brand value and emotional resonance over price sensitivity, making DAZZLE's focus on women's narratives a strong market strategy [9]. - With the expanding female consumer base, DAZZLE is well-positioned to leverage its understanding of women's needs and its competitive advantages in the mid-to-high-end market [9].

在能源结构持续向低碳化、安全性与稳定性并重的背景下，核电作为重要的清洁基荷能源正重回政策与 资本的双重焦点。2024年，在传统能源承压、新能源竞争加剧的大环境下，中国核电(601985.SH)交出 了一份稳健中有增长、扩张中控节奏的财报，展现出作为"清洁能源央企梯队中第二核心资产"的长期潜 力。 营收稳中有升，现金流优异，盈利能力保持韧性 根据公司2024年年报，中国核电全年实现营业收入772.72亿元，同比增长3.09%；实现利润总额225.64 亿元，同比微降1.82%；净利润为165.53亿元，其中归属于母公司股东的净利润为87.77亿元，同比下降 17.38%。尽管盈利短期承压，但整体仍维持在历史高位，显示出良好的基本盘和管理韧性。 这一"高位稳住"的表现，是否意味着公司穿越周期的能力已被市场低估？从长期视角看，中国核电的盈 利节奏值得重新审视。 从图中可以看出，中国核电近十年归母净利润整体呈"阶梯式上行"。2015至2019年，公司每年都在稳步 增长，节奏不急不躁，却非常扎实，体现了电力运营央企在政策、电价与成本周期变化中的强抗压能 力；2020年起，公司进入新一轮装机投产周期，盈利水平迎来明显抬升 ...

京东采销第四次出海战绩可查！4月28日，垂钓达人刘志强、徐亮加入阿曼海钓，在 4次立下钓大 鱼"flag"后，刘志强终于钓起近百斤金枪鱼，成功圆梦。此前6天，野行涛哥、王海威等共钓获23条金枪 鱼，其中最重一条达101公斤，还为直播间观众带来"三连杆""两鱼同中"等精彩画面。五一假期在即， 想要围观大神搏鱼，每天中午12点起来京东APP 搜索"海钓直播"，看钓鱼的同时还能选购专业装备，瓜 分百万红包雨。 此次阿曼海钓直播吸引了超百万人围观，还有"三连杆""两鱼同中"等高光时刻。通过精准定位饵鱼群和 坚持抛投，野行涛哥和王海威连续中鱼，实现罕见的"三连杆"。两人还曾同时中鱼，通常两条鱼一起游 动会缠绕鱼线，导致断线脱钩，但团队最终成功起鱼，在海钓界十分罕见。此外，为了钓起超百公斤的 巨型金枪，4名钓手接力拖拽超过3小时，激烈搏鱼过程引发直播间热议，网友表示"一点开就看了1小 时"，甚至"看晕船了"。 4月28日，垂钓达人刘志强、徐亮也加入本次海钓。两人出发前就立下钓大鱼"flag"，希望能拍摄一张抱 大鱼照片作为社交平台头像。此前随京东采销出海时，刘志强曾3次许愿钓大鱼，均未能实现，本次钓 起的第一条鱼也仅重1 ...

Core Viewpoint - Lianmei Holdings (600167.SH) has demonstrated strong financial performance and a commitment to advancing its smart heating technology, solidifying its position as a leader in the clean heating sector in A-shares [1][3][5] Financial Performance - In 2024, Lianmei Holdings achieved a revenue of 3.509 billion yuan and a net profit attributable to shareholders of 659 million yuan [1] - In Q1 2025, the company reported a revenue of 1.698 billion yuan and a net profit of 618 million yuan, reflecting a year-on-year growth of 9.56% [1] Industry Position - As a leading enterprise in the clean heating sector, Lianmei Holdings has maintained its competitive edge through diversified clean energy strategies and intelligent operational capabilities [1] - The company has established a low-carbon heating ecosystem characterized by "clean energy as the mainstay, smart heating empowerment, and multi-energy collaboration" [1] Technological Advancements - Lianmei Holdings has made significant investments in R&D, launching a comprehensive smart heating system that integrates data analysis, intelligent control, and remote operation [3] - The company has developed the "Lianmei Smart Operation Platform," which enables real-time monitoring and dynamic optimization of heating systems, moving away from traditional manual adjustments [3] Strategic Initiatives - In 2024, Lianmei Holdings accelerated its transformation towards "smart and digital" development, launching a self-developed smart operation platform that incorporates IoT, big data, and cloud computing technologies [5] - The company initiated an integrated innovation project for heat exchange stations, achieving an overall electricity saving rate of 35% and an annual electricity saving of 150,000 kWh per station [5] - Lianmei Holdings aims to deepen its presence in advantageous regions, strengthen existing businesses, and cultivate new ones, focusing on low-carbon, clean, efficient, and economical energy solutions [5]

Group 1 - BYD has established a strong global presence, with its electric vehicles being sold in over 100 countries and regions across six continents [1] - In Brazil, BYD dominates the electric vehicle market, with 70% of electric cars sold being BYD models, and it is projected to be the top seller of new energy vehicles in the first quarter of 2025 [1] - BYD's engineering team, consisting of over 120,000 members, focuses on advancing core technologies in batteries, electric control, and motors to drive innovation in its product lineup [1] Group 2 - BYD's Seagull model won the "2025 World Urban Car" award, and the company's executive vice president received the "2025 World Car Person of the Year" accolade [2] - The Seal model was recognized as one of the "Top Ten Best Cars" in the 2024-2025 Japan Car of the Year awards, marking a significant achievement for a Chinese automaker [2] - In 2024, BYD ranked 143rd on the Fortune Global 500 list and received multiple brand accolades, highlighting its growing value and recognition in the global market [2]

Core Viewpoint - Vanke is actively implementing a comprehensive plan for reform and integration development, supported by its major shareholder, Shenzhen Metro Group, achieving significant financial results in Q1 2023. Group 1: Financial Performance - Vanke reported nearly 38 billion in revenue and approximately 35 billion in sales for Q1 2023, with a repayment rate exceeding 100% and over 10,000 high-quality housing deliveries [1] - The company completed a bulk transaction worth 3.8 billion and revitalized cash flow exceeding 4 billion [1] Group 2: Long-term Rental Apartment Business - Vanke's long-term rental apartment brand, "Boyu," signed a cooperation framework agreement with Shenzhen Metro Group to enhance integration in the housing rental sector [1] - The long-term rental business has become a leading player in the rental housing market, managing over 260,000 units and maintaining a rental rate of nearly 95% [2] - The business has received recognition from over 5,700 corporate clients, including major companies like Tencent and BYD [2] Group 3: Innovation and Market Recognition - Vanke's comprehensive residential product innovation has been recognized, with the "Ideal Flower Land" project achieving the highest sales in Guangzhou's main urban area [3] - The property management segment saw an annual revenue growth of over 50% and introduced an elastic pricing service model [3] - Vanke has obtained nearly 300 national patents and has been recognized with the highest national award in building technology, the "Huaxia Award" [3]

Core Insights - Frontline Bio (688221.SH) reported a revenue of 129.47 million yuan for 2024, marking a year-on-year growth of 13.32%, primarily driven by the sales growth of its innovative HIV drug, Aikening®, and diversified sales strategies [1] - The company is focusing on expanding the market for Aikening® through differentiated marketing strategies and exploring new indications to maximize its commercial potential [1] - Frontline Bio is also strategically positioning itself in the high-end generic drug market to create a second growth curve, which is essential for maintaining cash stability and funding innovation [1] Revenue Growth and Product Development - The company achieved significant progress with two high-end generic drugs: FB4001 for osteoporosis, which is expected to be approved for sale in the U.S. by 2025, and FB3002, a hot melt adhesive generic drug, which has entered the registration review stage [2] - The global osteoporosis patient population exceeds 200 million, with projections suggesting it could surpass 450 million by 2030, indicating a strong demand for osteoporosis medications [2] - The U.S. osteoporosis drug market is projected to reach $6.5 billion in 2024 and could grow to between $9 billion and $11 billion by 2030, highlighting the market potential for FB4001 [2] Future Strategy - Frontline Bio plans to enhance its commercialization and self-sustaining capabilities, focusing on a market-oriented approach and a combined research and development strategy of innovation and generics [3] - The company aims to achieve sustainable development and high-quality growth by accelerating the clinical and commercial transformation of new drugs through stable cash flow [3]