Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The shipping industry is experiencing a surge in demand due to a recent temporary reduction in tariffs between China and the US, leading to a significant increase in shipping volumes on the US route. The average booking volume surged by 277% compared to the previous week [5] - The Shanghai Export Container Freight Index (SCFI) rose by 10.0% week-on-week, indicating a strong recovery in shipping rates, particularly for routes to the US [6] - The logistics sector is showing resilience, with express delivery volumes in April increasing by 19.1% year-on-year, reflecting robust demand across various sectors [9] - The airline industry is expected to benefit from macroeconomic recovery, with a long-term supply-demand imbalance favoring growth in the sector [12] Summary by Sections Shipping Vessels - The recent tariff reductions have led to a surge in demand for shipping services, particularly on the US route, with a projected increase in freight rates over the next 2-3 months due to supply constraints [5] - The average weekly capacity for the US route is expected to be 500,000 TEU, down 6% from last year [5] - The oil tanker market is facing supply tightness due to limited new orders and an aging fleet, which is expected to sustain high demand in the coming years [12] Express Logistics - In April, the express delivery industry in China saw a business volume of 16.32 billion pieces, a year-on-year increase of 19.1%, with revenue reaching 121.28 billion yuan, up 10.8% [9] - The concentration index for express delivery brands (CR8) was 86.7, indicating a stable competitive landscape [9] Aviation and Airports - The airline industry is poised for growth due to low supply growth and recovering demand, with key companies to watch including China Southern Airlines and Air China [12] - The passenger transport volume in March was approximately 59 million, reflecting a year-on-year increase of 3.5% [50] Overall Market Performance - From May 12 to May 16, the transportation index rose by 2.12%, outperforming the Shanghai Composite Index [17] - The shipping sector saw the highest increase at 7.42%, indicating strong market performance [17]

Group 1 - The 2025 Shenzhen International Fisheries Expo showcases over 12,000 seafood products from 20 countries and regions, highlighting the diverse seafood demand in the Greater Bay Area [1] - A notable attraction at the expo is an 800-pound bluefin tuna, with chefs demonstrating their skills by cutting fresh fish for attendees to taste [1] - The event features participation from 13 deep-sea enterprises, including Zhongshui Fisheries and Liancheng Fisheries, hosting over 10 fish-cutting shows within three days [1] Group 2 - The expo serves as a platform for innovative technologies in the fishing industry, displaying advancements in big data, IoT, and AI, which enhance production capabilities [2] - A special public welfare exhibition promotes marine ecological protection, featuring whale specimens and exhibits on aquatic wildlife conservation [2] - Since its inception in 2023, the Shenzhen Fisheries Expo has focused on high-end seafood circulation and technology transformation, aiming to establish a comprehensive trading platform for the Greater Bay Area over the next three to five years [2]

Group 1 - The 17th Shenzhen International Battery Technology Exchange Conference (CIBF2025) opened with over 3,200 global companies participating, covering an exhibition area of nearly 300,000 square meters, and is expected to attract over 400,000 professional visitors during the three-day event [1] - The conference focuses on trends such as solid-state batteries, fast charging, green manufacturing, and international standards, emphasizing the competition in the battery industry based on digital intelligence and closed-loop ecosystems [1][3] - Companies like CATL, BYD, and others showcased innovations in energy storage, cell manufacturing, and recycling, with a particular emphasis on high-nickel cathodes and molecular-level material innovations [1] Group 2 - Solid-state batteries emerged as a hot topic, with a report from CITIC Securities predicting global solid-state battery shipments to reach 642.6 GWh by 2030, with a compound annual growth rate exceeding 130% [2] - Hive Energy's CEO highlighted that solid-state batteries and ultra-fast charging are the future directions of battery technology, with the stacking process being the optimal path for mass production [2] - Hive Energy plans to introduce "end fast charging" technology in its mass-produced fast-charging batteries this year, optimizing charging time significantly compared to industry standards [2] Group 3 - The conference also featured over 200 thematic speeches and high-end forums, with reports such as the "Lithium-Ion Battery Industry Blue Book 2024" being released, focusing on emerging topics like energy storage and AI applications [3] - The chairman of the CIBF organizing committee stated that the transition from scale expansion to quality improvement is a critical turning point for China's new energy sector [3] - In the first quarter of 2025, China's newly installed renewable energy capacity reached 76.75 million kilowatts, a year-on-year increase of 21%, indicating the battery industry's role in supporting structural changes [3]

【深圳商报讯】（首席记者刘琼）5月15日，第十七届深圳国际电池技术交流会/展览会（CIBF2025）在 深圳国际会展中心开幕。本届展会覆盖15个展馆，展览面积近30万平方米，汇聚了宁德时代、比亚迪、 欣旺达等3200余家参展商，3天展期预计吸引专业观众超40万人次。 "电池产业的未来竞争，是生态闭环与数智化能力的竞争。中国企业正以技术创新与标准输出，重塑全 球价值链。"中国化学与物理电源行业协会秘书长王泽深表示。 据悉，展会同期还将举办电动航空及飞行器电池技术交流会、电池产业合作论坛、电池护照与可持续发 展技术研讨会、新能源数字化论坛暨AI应用大会、同位素核电池现状及未来发展研讨会等专业会议。 展会活动现场将重磅发布《锂离子电池行业蓝皮书2024》及《低空飞行器电池标准化白皮书》，并签署 多项战略合作备忘录，推动行业标准化与可持续发展进程。 （文章来源：深圳商报） CIBF作为全球电池技术首发高地，被誉为中国新能源产业的"风向标"。本次展会由中国化学与物理电 源行业协会主办，以"链动全球·赋能绿色·驱动未来"为主题，15大展馆涵盖了电池材料、设备、电芯制 造、Pack技术及回收再利用等全产业链，全景呈现产业发 ...

Core Insights - The 17th Shenzhen International Battery Technology Exchange Conference/Exhibition (CIBF2025) opened on May 15, focusing on battery technology revolution and industry chain collaboration [1][3] - The International Energy Agency (IEA) predicts global battery demand will surge to 3500 GWh by 2030, with China leading in technology iteration and standard setting [1] - CIBF2025 has transformed into a comprehensive platform covering the entire industry chain, with an exhibition area exceeding 300,000 square meters and attracting over 3,200 exhibitors and more than 400,000 professional visitors [1][3] Industry Trends - The current period is critical for China's economic transition to high-quality development and the deepening reform of the new energy sector [3] - By 2025, the new energy industry is expected to shift from "scale expansion" to "quality upgrade," showing strong development momentum [3] - Production of new energy vehicles, lithium-ion power batteries, and solar cells has increased by 45.4%, 39.2%, and 18.5% year-on-year, respectively, contributing significantly to stable growth [3] Renewable Energy Developments - In the first quarter of 2025, newly installed renewable energy capacity reached 76.75 million kilowatts, a year-on-year increase of 21%, accounting for approximately 90% of new installations [3] - This marks a new phase in China's energy structure adjustment [3] Exhibition Highlights - CIBF2025 features 15 exhibition halls and includes over 200 academic reports and four high-end summits to decode industry trends [3] - Key topics include advanced battery technology seminars and discussions on electric aviation and next-generation battery technologies [3]

Core Viewpoint - The 17th Shenzhen International Battery Exhibition focuses on cutting-edge technologies such as solid-state batteries, advanced lithium-ion batteries, and high-power fast charging technologies, showcasing over 3,200 exhibitors including major companies like CATL, BYD, and EVE Energy [1] Group 1: Industry Trends - Solid-state batteries are highlighted for their advantages over traditional lithium batteries, including higher energy density, enhanced safety, longer lifespan, and better low-temperature adaptability [1] - The industry anticipates that solid-state batteries will see significant development opportunities with the rise of electric vehicles [1] - The full solid-state battery technology faces challenges, but collaboration among material companies, cell manufacturers, automakers, and academia is ongoing to overcome mass production hurdles [2] Group 2: Market Developments - Policy support is increasing, with the Ministry of Industry and Information Technology including solid-state battery standard system construction in its 2025 work priorities [2] - The industry expects small-scale production of solid-state batteries between 2026-2027, with large-scale applications anticipated around 2030 [2] - Companies like Guoxuan High-Tech and BETTERRY are introducing new solid-state battery products, while Huatai Securities predicts batch deliveries of semi-solid-state batteries by 2025 [2]

Core Insights - The 2025 Shenzhen International Optical Fair is set to take place from June 25 to 27, focusing on smart innovation in the eyewear industry [1][2] - The event aims to inject strong momentum into the high-quality development of the eyewear industry, marking a shift towards an intelligent interactive era [1] Industry Overview - The 2024 fair featured 154 exhibitors showcasing cutting-edge technologies and products, attracting approximately 17,000 professional visitors and generating intent orders worth 40 million yuan [1] - The 2025 fair will expand to 15,000 square meters with over 300 participating companies, expecting to draw more than 50,000 professional attendees [2] Exhibition Highlights - Nine specialized exhibition areas will cover the entire industry chain, including a brand zone, vision health technology zone, and a smart eyewear and wearable technology zone [2] - The event will showcase the integration of AI, AR/VR technologies with the eyewear industry, allowing attendees to experience how smart wearable devices can transform daily life [2] Event Structure - The fair will adopt a "1+1+5+8" innovative framework to create a diverse communication ecosystem, featuring a comprehensive display of industry innovations and immersive exhibition experiences [2] - Five thematic seminars will address hot topics such as wearable technology innovations and brand internationalization strategies, with participation from government leaders, experts, and media [2] Audience Engagement - The event will implement a "dual-line parallel, global linkage" strategy for audience organization, targeting domestic and international professional groups through various media platforms [3] - Notable international buyers and domestic industry leaders have confirmed their participation, enhancing the event's vibrancy and international appeal [3] Strategic Importance - The fair emphasizes the theme of "traditional eyewear + smart wearables" and aims to build a high-end communication platform with an international perspective [3] - The event is positioned as a significant moment for the intelligent transformation of the eyewear industry, contributing to the sector's high-quality development [3]

Core Viewpoint - The upcoming 2025 Shenzhen International Fisheries Expo will showcase over 20 companies from Maoming, known as the "Capital of Tilapia in China," presenting more than 100 tilapia products, highlighting the industry's response to market challenges and opportunities for expansion [6][8][11]. Group 1: Product Matrix - Maoming's tilapia industry has developed a comprehensive product matrix, with over 100 products to be displayed at the expo, including various processed and health products [15][18]. - The industry has adapted to market changes by introducing products like "skinless fish fillets" and "seasoned fish steaks" for the European and American markets, as well as pre-prepared dishes targeting younger domestic consumers [20][21][22]. - The tilapia industry in Maoming has formed a complete industrial chain, encompassing feed production, seed breeding, ecological farming, export processing, and deep processing, with an output value exceeding 100 billion yuan [25][26]. Group 2: Brand Building - During the expo, a promotional event for Maoming tilapia will be held, featuring experts and representatives discussing the brand's story and nutritional value, aiming to enhance brand recognition and market competitiveness [28][31][34]. - Maoming tilapia has received various accolades, including being recognized as a top regional agricultural brand in China, which contributes to its brand image and market appeal [36][39]. Group 3: Market Expansion - The Maoming Tilapia Association is leveraging the expo to facilitate connections between producers and domestic and international buyers, aiming to expand sales channels and market share [41][43].

深圳作为国家名牌战略的发祥地，品牌建设的领跑者，品牌建设工作一直领先全国，培育成长了一批具有国际竞争力的企业品牌。为进一步营造全社会关 注深圳品牌的良好氛围，提高"深圳品牌"国际影响力。5月9日，第九届"深圳(湾区)国际品牌周"暨2025年中国品牌日·深圳地方特色活动开幕大会在深圳广 电大厦隆重举行。本届品牌周以"品牌引领未来，创新驱动湾区"为主题，"2025中国品牌价值500强"中英文榜单独家发布，"国际信誉品牌"、"深圳(湾区)知 名品牌"近400项品牌成果集中亮相展示，国际品牌专家、知名企业领袖发表主题演讲，探索科技革命和产业变革时代品牌发展新路径。 原航空航天工业部部长、深圳工业总会最高顾问林宗棠，中共第十七届中央委员、山西省政府原省长、深圳市政府原市长于幼军，原国务院参事、第十一 届全国政协委员、原国家质检总局副局长，中国品牌建设促进会专家委员会主任葛志荣，第十一届全国政协委员、中央人民政府驻香港联络办公室原副主 任、深圳工业总会荣誉主席周俊明，中国工业经济联合会党委书记、执行副会长兼秘书长，国家制造强国建设战略咨询委员会委员熊梦，中国出入境检验 检疫协会会长、原国家质检总局检验司司长王新，联合国工 ...

Core Viewpoint - The A-share market shows positive momentum with major indices rising, particularly in sectors related to aerospace, military, electric power, electronics, solid-state batteries, robotics, and 6G technology, indicating a growing interest in innovative energy solutions and technologies [1] Group 1: Market Performance - The A-share indices opened higher on May 12, with the ChiNext Index rising over 1% [1] - The Huaxia ChiNext New Energy ETF (159368) increased by 2.2%, reflecting strong investor interest in the new energy sector [1] Group 2: Industry Events - The 17th Shenzhen International Battery Technology Exchange Conference/Exhibition (CIBF2025) is scheduled for May 15-17, featuring prominent companies like CATL, BYD, and 3M China [1] - The conference theme is "Green Energy Drives the Future," focusing on advanced lithium-ion battery technology, battery safety and evaluation, solid-state and new system batteries, high-power fast charging technology, sodium-ion batteries, key material technologies, and smart equipment with digital twin manufacturing [1] Group 3: Industry Insights - Guohai Securities highlights that solid-state batteries meet the increasing performance demands in downstream sectors and have significant application expansion potential in emerging industries [1] - The upcoming mass production of solid-state batteries is expected to reshape the key material system of lithium batteries, benefiting companies with strategic partnerships or core technological advantages in key materials [1] Group 4: ETF Details - The Huaxia ChiNext New Energy ETF (159368) is the only ETF tracking the ChiNext New Energy Index, which includes sectors such as solar, wind, biomass, nuclear energy, and components of the new energy vehicle industry [2] - The management fee for the ETF is 0.15%, and the custody fee is 0.05%, totaling a low fee of 0.2% [2] Group 5: Technological Innovations - The conference will showcase cutting-edge battery technologies including solid-state, sodium, hydrogen fuel, and integrated solar storage charging technologies [2] - Innovations in energy storage will be highlighted, such as large-capacity energy storage stations, intelligent BMS systems, and zero-carbon solutions [2] - The event will also feature advancements in recycling technologies for used batteries and smart manufacturing equipment like AI production lines and high-precision testing devices [2]