Core Viewpoint - The manufacturing PMI in May shows signs of recovery, indicating an overall expansion in China's economy, while the non-manufacturing sector remains stable but slightly declines [1][6][8]. Manufacturing Sector - The manufacturing PMI for May is reported at 49.5%, an increase of 0.5 percentage points from the previous month, indicating an improvement in economic conditions [1][3]. - The production index rose to 50.7%, up 0.9 percentage points, suggesting an acceleration in manufacturing activities [5]. - Large enterprises' PMI increased to 50.7%, returning to the expansion zone, with production and new order indices at 51.5% and 52.5%, respectively [5]. - High-tech manufacturing PMI stands at 50.9%, maintaining expansion for four consecutive months, while energy-intensive industries show lower activity with a PMI of 47.0% [5][6]. Non-Manufacturing Sector - The non-manufacturing business activity index is at 50.3%, a slight decrease of 0.1 percentage points, but still above the critical point, indicating continued expansion [8][11]. - The service sector's business activity index rose to 50.2%, driven by increased consumer activity during the "May Day" holiday [10]. - The construction industry remains in expansion with a business activity index of 51.0%, although it has slightly decreased from the previous month [10][11]. Market Expectations - The production and business activity expectation index for May is at 52.5%, reflecting stable confidence among manufacturing enterprises [6]. - The service sector's business activity expectation index is at 56.5%, indicating ongoing optimism among service providers [10].

Core Viewpoint - The article discusses a set of policies issued by the Chongqing Municipal Housing and Urban-Rural Development Committee, the Chongqing Municipal Finance Bureau, and the People's Bank of China Chongqing Branch aimed at stabilizing the real estate market and meeting housing consumption needs through various support measures. Group 1: Support for Housing Purchase - The policies include subsidies for housing exchange needs, with new housing purchases eligible for subsidies from the district government in cash or voucher form [2][3] - The time frame for new housing purchases is from the date of notification until December 31, 2025, with specific conditions for selling existing homes [3] Group 2: Commercial Housing Loan Support - The minimum down payment for commercial personal housing loans is set at no less than 15%, with no differentiation between first and second homes [5] - The notification removes the lower limit on interest rates for first and second home loans, allowing banks to set rates based on their operational conditions and customer risk profiles [5] Group 3: Housing Provident Fund Policies - The article introduces a direct transfer service for converting commercial loans to housing provident fund loans, aimed at reducing the financial burden on contributors [6] - Specific conditions for eligibility include purchasing new housing in the central urban area and selling existing homes within a year [6] Group 4: Support for Flexible Employment - The policies are optimized to better support flexible employment individuals in contributing to and utilizing housing provident funds [8] Group 5: "Old for New" Housing Services - The initiative will facilitate "old for new" housing services through the Chongqing Real Estate Association, providing preferential services for selling second-hand homes and discounts for new home purchases [9] Group 6: Parking Space Management - The policies support the simultaneous application for parking space permits with new housing sales, ensuring that homeowners can purchase parking spaces as needed [10] - There are restrictions on the number of parking spaces that can be purchased by homeowners within the first six months of announcement, with excess spaces available for sale afterward [10]

5月31日早间，中国汽车工业协会微信公众号发布《关于维护公平竞争秩序，促进行业健康发 展的倡议》。 全文如下： 关于维护公平竞争秩序，促进行业健康发展的倡议 近年来，我国新能源汽车产业快速发展，新能源汽车新车销售占比已经超过40%。当前，行业整体运行 呈现稳中向好态势，市场活力持续释放。我们也看到，一段时间以来，行业盈利水平下降，以无序"价 格战"为主要表现形式的"内卷式"竞争，是行业效益下降的重要因素。产品售后服务保障、企业创新发 展需要持续加大投入，而"价格战"严重影响企业正常经营，冲击产业链供应链安全，把产业发展带入恶 性循环。 5月23日以来，某车企率先发起大幅降价活动，多家企业跟进效仿，引发新一轮"价格战"恐慌。无序"价 格战"加剧恶性竞争，将进一步挤压企业利润空间，进而影响产品质量和售后服务保障，不仅阻碍行业 自身健康发展，也将危害消费者权益，并带来安全隐患。 新能源汽车是新质生产力的典型代表，正引领汽车产业加速转型升级，维护行业健康发展十分重要。中 国汽车工业协会在此提出如下倡议： 1.所有企业严格遵从公平竞争原则，依法依规开展经营活动； 中国汽车工业协会 2025年5月30日 来源：中国汽车工 ...

Core Viewpoint - The cosmetics market is entering a scientific skincare era, with technological strength becoming a focal point for consumers. Ingredient innovation driven by new consumer demands is a growing trend. Synthetic biology technology provides new directions for raw material innovation, particularly in the context of recombinant collagen, where consumers prioritize both efficacy and safety [1][8]. Group 1: Detection Methods and Challenges - The detection of recombinant collagen in complex matrices is more complicated than in medical dressings and biological samples due to the presence of various interfering components in cosmetics, such as plant extracts, proteins, polysaccharides, lipids, surfactants, and pigments [5][7]. - Current standardized detection methods primarily target pure protein samples, necessitating research and validation of sample pretreatment methods to account for matrix effects when applied to complex matrices [7][9]. - Various detection methods exist, including Kjeldahl nitrogen method, biuret method, Coomassie brilliant blue method, Folin phenol method, BCA method, and characteristic peptide method. Each method has its own characteristics and applicable scenarios, emphasizing the need for method validation based on different matrices [5][9]. Group 2: Standardization and Industry Development - There is currently no unified national standard for the detection of recombinant collagen in cosmetics, despite multiple standards established in the pharmaceutical and agricultural sectors [9]. - The complexity of establishing a standard for recombinant collagen detection arises from factors such as product dosage form, matrix type, matrix composition, potential reactants, and the stability of detection targets [9]. - Before a national standard is established, existing standards like YY/T 1849-2022 and YY/T 1947-2025 can be referenced for method validation in complex matrices [9].

Core Viewpoint - Zhejiang Wahaha Group has undergone significant management changes, with Zong Qinghou stepping down and Zong Fuli taking over as the legal representative, chairman, and general manager, amidst ongoing controversies regarding employee rights and operational challenges [1][5]. Group 1: Management Changes - Zong Fuli has officially taken over leadership roles at Zhejiang Wahaha, succeeding Zong Qinghou, who has been a prominent figure in the company since its inception in 1993 [1][2]. - Multiple key personnel changes have occurred alongside the leadership transition, indicating a potential shift in company strategy and governance [1][2]. Group 2: Financial Performance - In 2024, Wahaha reported a revenue of 72.8 billion yuan, matching its peak performance from a decade ago, despite facing significant challenges [3][5]. - The company is projected to return to a revenue range of 70 billion yuan, reflecting an increase of approximately 20 billion yuan compared to the previous year [5]. - In 2023, Wahaha's revenue was around 50 billion yuan, showing a slight decline from 51.2 billion yuan in 2022 and 51.9 billion yuan in 2021 [5]. Group 3: Market Position - Wahaha's retail sales in the bottled water market were approximately 12 billion yuan, ranking it closely with competitors like Nongfu Spring and Evergrande [5]. - The company has a diverse product matrix, including bottled water, protein drinks, carbonated beverages, tea drinks, fruit and vegetable juices, and coffee drinks, although its sales are primarily driven by its traditional products [6].

4月25日，永辉超市发布业绩报告显示，去年公司实现营业总收入675.74亿元，同比下降14.07%；归属 净亏损为14.65亿元，同比下滑10.26%。 这是永辉超市连续第四年出现净利润亏损。2021年-2024年，永 辉超市累计亏损超过95亿元。 中国执行信息公开网显示，近日，因未按执行通知书指定的期间履行生效法律文书确定的给付义务， 永辉超市股份有限公司及其法定代表人张轩松被限制高消费 。 据界面新闻，此事起因是福州市鼓楼区人民法院在5月13日立案执行申请人郑州市唐科废旧物资回收有 限公司申请执行永辉超市服务合同纠纷一案，永辉超市未在指定期间履行生效法律文书确定的给付义 务。 爱企查App显示，5月13日，永辉超市股份有限公司曾因上述案件被强制执行39万余元，执行法院为福 州市鼓楼区人民法院。截至目前，永辉超市被执行总金额为1677.63万元。 为感恩每一位关注与支持新华网财经的朋友，我们精心筹备了端午惊喜福利！ 参与方式超简单：关注新华网财经微信公众号，并在本篇文章下方的评论区留言。我 们将选取前两位留言的幸运儿，送上极具特色的「夏午唱游 蜀韵山河」端午风物礼 盒！先到先得哦！每位朋友仅可领取一份，可别 ...

5月30日，比亚迪集团品牌及公关处总经理李云飞在微博发文表示：最近看到大量的文章、评 论还有视频，都暗指我们是"汽车圈恒大"！这一切源于上周长城汽车魏总的惊人言论："现在 汽车产业里边的'恒大'，已经存在了，只不过没爆而已"。 对此，李云飞将比亚迪的总负债、有息负债等数据，与多家国内外知名车企进行对比，称中 国主流车企的资产负债情况要好于国外车企，中国主流车企不存在所谓的"汽车圈恒大"。 李云飞还将比亚迪的总负债、有息负债、应付账款占营业收入的比例、应付账款和应付票据的平均周转 天数等数据，与福特、通用汽车、丰田、大众、吉利、上汽、长城等多家国内外知名企业进行对比，称 国内主流车企的资产负债情况要好于国外车企。 "过去几年比亚迪高速增长，反观有些企业却止步不前，新能源业务甚至严重落后。"李云飞表示，2024 年比亚迪全年营收7771亿元、净利润403亿元、研发投入542亿元、国内纳税510亿元、现金储备1549亿 元，这是比亚迪过去30年最好的经营业绩。 他表示，过去几年，中国汽车品牌在国内的销量持续增长，市场份额已超60%。新能源渗透率稳步提升 （已超52%）。 此外，李云飞强调："我们已经向国家有关部门反 ...

5月27日，四川省凉山彝族自治州美姑县瓦候乡树窝小学内洋溢着温暖与希望，"伊利营养2030・长高吧！少年"公益行动在此落地。 活动现场，伊利集团、中国红十字基金会、四川省索玛慈善基金会等各方代表齐聚一堂，共同见证这场意义非凡的公益行动。伊利QQ星榛高奶粉为学校 捐赠榛高系列奶粉2300听，联合中国红十字基金会成立树窝小学"榛高博爱篮球校队"，并联动合作伙伴携手四川省索玛基金会冠名"榛高班"。这不仅是一 场充满爱意的公益活动，更是伊利在社会责任、乡村振兴与乳制品行业发展道路上的重要实践。 爱心汇聚 公益行动温暖启程 QQ星榛高奶粉不仅为树窝小学捐赠了奶粉，为孩子们的成长提供充足营养，还在树窝小学成立"榛高博爱篮球校队"，带来新球场、新篮球、新队服以及 训练器材。前男篮国手、伊利QQ星榛高奶粉梦想大使马健老师亲临现场，为校队带来第一堂"篮球大师课"。在课上，马健老师耐心地指导孩子们篮球技 巧，鼓励他们在篮球运动中锻炼意志、增强体质。 活动现场，伊利领婴汇及电商代表与孩子们在球场上尽情互动，一起打篮球、做游戏，欢声笑语回荡在校园上空。午餐时分，代表们亲自为孩子们冲泡 QQ星榛高奶粉，让营养关怀融入每一个细节。 践行 ...

Market Overview - A-shares in agriculture, banking, and highway sectors led the gains, indicating a defensive market style [1] - The Shanghai Composite Index closed at 3347.49, down 0.47%, while the Shenzhen Component and ChiNext Index fell by 0.85% and 0.96% respectively [2] Sector Performance - The pork sector saw an increase, with Muyuan Foods rising by 4.6% and a trading volume of 3.305 billion [1] - The banking sector experienced historical highs with Hangzhou Bank and Chengdu Bank [1] - High-priced stocks collectively retreated, with multiple stocks hitting the daily limit down [1] - The soft drink sector showed slight strength, with Dongpeng Beverage reaching a historical high [1][8] Low-altitude Economy - Low-altitude economy stocks experienced afternoon volatility, with Zongheng Co. hitting the daily limit up [4] - The Ministry of Industry and Information Technology emphasized the importance of deepening industry-finance cooperation, focusing on sectors like low-altitude economy [6] - Local policies are being introduced to support the low-altitude economy, including the development of related technologies and products [6] - According to Guoyuan Securities, the low-altitude economy is rapidly developing, with a projected scale operation year in 2025 [6] Company Highlights - Dongpeng Beverage's stock price reached a historical high of 320 yuan per share, with a total market capitalization of 166.4 billion [8] - The soft drink sector is expected to perform better than anticipated due to the approaching summer peak season and recovery in the dining industry [10]

Core Viewpoint - Luckin Coffee has introduced a new pricing strategy with many drinks available for a promotional price of 6.9 yuan, marking a significant shift from the previous minimum price of 9.9 yuan, aimed at attracting more customers and increasing sales volume [1][4][12]. Pricing Strategy - The promotional pricing includes various popular drinks such as the signature "生椰拿铁" (Coconut Latte) and "橙C美式" (Orange Americano), both available at an estimated price of 6.9 yuan, down from their original prices of 13.9 yuan and 13.9 yuan respectively [7][9]. - The company has also issued limited-time coupons for 6.9 yuan, valid until May 31, which can be used for specific drink categories, excluding certain products [9][12]. Market Positioning - The introduction of the 6.9 yuan pricing is part of a broader strategy to enhance customer engagement during festive periods, such as the upcoming Dragon Boat Festival and Children's Day, rather than a permanent price reduction [12]. - Competitors are also offering similar pricing strategies, with some drinks available for as low as 5.8 yuan on platforms like Meituan and JD.com, indicating a competitive pricing environment in the coffee market [10]. Sales Performance - The "生椰拿铁" has been particularly successful, with sales reaching 1.2 billion cups over four years, showcasing the brand's strong market presence and consumer loyalty [7]. Consumer Engagement - The company is actively promoting its new pricing through various channels, including its app and social media, to ensure maximum visibility and customer participation in the promotional offers [4][10].