Core Viewpoint - The CPOP (Chinese Pop Culture) exhibition in Hangzhou is a significant opportunity for the innovation and development of Chinese pop culture IPs, showcasing 20 outstanding IPs that performed well in overseas markets in 2023 and 2024 [5][6]. Group 1: CPOP Exhibition - The CPOP exhibition features a vibrant combination of industrial and comic aesthetics, allowing visitors to engage with various interactive experiences and purchase limited edition merchandise [5][6]. - The event runs from May 28 to June 10, operating daily from 12:00 to 21:00 [5]. Group 2: Cultural Industry Development - The 21st China International Animation Festival in Xiaoshan is integrating national trends of "Guochao" (national tide), metaverse, and cross-industry fusion, creating a high-experience anime carnival [8]. - Xiaoshan has transitioned from manufacturing to self-creation, with local companies like Kying Network launching original IPs and achieving significant engagement metrics, such as over 100 million views for derivative content [9]. Group 3: Policy and Economic Impact - The Xiaoshan government is actively promoting a vibrant urban culture by focusing on new sectors like digital audio-visual, e-sports, and game animation, aiming to enhance cultural and technological integration [11]. - The local government has initiated a cultural industry development plan, establishing a cultural investment fund to attract private and social capital for industry growth [10]. Group 4: Ecosystem and Future Prospects - Xiaoshan is building a "tropical rainforest" ecosystem for cultural industries, where leading companies develop IPs while smaller studios focus on niche markets, supported by favorable policies and financial resources [13][14]. - The region is set to create platforms for better communication among enterprises, enhancing collaboration and optimizing cultural industry infrastructure [14].

Core Viewpoint - The establishment of the DR Global Headquarters in Shenzhen marks a significant step in the company's global strategy, aiming to create a world-class fashion and creative industry hub in the Guangdong-Hong Kong-Macao Greater Bay Area [1][5]. Group 1: Company Vision and Strategy - The company aims to become a global leader in true love culture, with its high-end jewelry brand DR recognized as the world's number one brand for engagement rings [3]. - The DR Global Headquarters is designed to integrate various functions such as research, design, display, operation, and sales, positioning it as a global fashion source [1][5]. - The headquarters will serve as a platform to promote the company's commitment to love culture, emphasizing the importance of teaching future generations how to love [3][4]. Group 2: Architectural and Design Aspects - The headquarters features a unique architectural design that incorporates romantic aesthetics, developed by renowned international architectural firms [3][4]. - It includes various facilities aimed at enhancing the user experience, such as a romantic proposal hall and a love declaration screen, reinforcing the brand's commitment to love [4]. Group 3: Market Position and Growth - The location in Shenzhen Bay is strategic, as it is a core area of the Greater Bay Area, attracting major global companies and enhancing DR's international influence [5]. - The Greater Bay Area is recognized as a leading global economic zone, with an expected economic total of 14.5 trillion yuan by 2024, providing a robust market for DR's expansion [5]. - The company has accelerated its internationalization efforts, with overseas revenue increasing by 704.62% in 2024, and has established a presence in key international cities [6]. Group 4: Brand Recognition and Social Media Presence - DR has gained significant recognition in non-Asia-Pacific markets, with its brand philosophy widely discussed on major social media platforms [6]. - The company has over 30 million followers across global social media platforms, enhancing its brand visibility and market presence [6].

汇"顶流" 、强"交易"、 重"科技"，12万件文化产品现场展示，4000多个投融资项目现场交易，近200场 交易活动同期举办。即将闭幕的第二十一届中国（深圳）国际文化产业博览交易会（简称"文博会"）， 是一场超级文化盛宴。它一方面汇聚海量资源，构筑超级交易平台；一方面推动文化资源优化配置，实 现文化交流与贸易的双向奔赴，是实实在在的文化产品和服务超级交易平台、文化产业投融资超级服务 平台、文化新技术新产品超级发布平台、优秀传统文化创造性转化创新性发展超级共创平台、文化开放 与出海超级贸易平台、文化企业与品牌超级传播平台和文化改革发展成就超级展示平台。七大超级平台 再现"中国文化产业第一展"实力，无疑文博会已成为深圳最重要的超级文化IP与文化传承盛事。它是展 示窗口、交易平台、文化引擎、亦是高质量发展的"文化+"之旅，更是文化强国的生动实践与数据模 型，是彰显国家文化软实力的超级显示屏与连接器。 本届文博会是在"十四五"规划的收官之年、全面贯彻落实党的二十届三中全会精神开局之年、深圳经济 特区建立45周年举办的一次重要展会，展会围绕探索文化和科技融合的有效机制，以"创新引领潮流创 意点亮生活"为主题，在5天的 ...

Core Viewpoint - Wuhan aims to develop into a world-renowned cultural tourism destination, focusing on high-quality development of the cultural tourism industry as a pillar industry to support the transformation of its advantages in the new era [1][12][25]. Group 1: Cultural Tourism Development - The city has established a goal to build a world-class cultural tourism destination, emphasizing cultural leadership and industrial thinking [1][12]. - Wuhan has unique cultural tourism resources, including its status as the only international wetland city with a population over ten million [4][5]. - The city has seen a recovery in its cultural tourism market, with significant projects completed and successful events held [4][5]. Group 2: Major Events and Initiatives - Wuhan has hosted various cultural events, such as the "New Image of the Yangtze River" art exhibition and the "Spring Festival Gala" series, which have attracted global attention [5][8]. - The city launched the "2025 Wuhan Yangtze River Tourism Season," featuring over 80 activities to engage tourists during holidays [8][25]. - The city is focusing on enhancing its cultural IP and creating a matrix of museums to attract global visitors [27][28]. Group 3: Strategic Actions - An action plan for 2025-2027 was introduced, outlining six major actions to enhance the cultural tourism industry, including city branding and cultural empowerment [25][28]. - The plan aims to create cultural landmarks and improve service quality for tourists, establishing Wuhan as a friendly tourist city [25][28]. - Experts suggest that Wuhan should leverage its historical and cultural resources, including red culture, to enhance its tourism appeal [15][19][28]. Group 4: Infrastructure and Investment - The development of infrastructure, including transportation and tourism projects, is crucial for establishing Wuhan as a world-class tourism city [28][29]. - Investment in tourism projects and market entities is emphasized, particularly focusing on the Yangtze River's potential for tourism [29].

证券代码：603040 证券简称：新坐标 公告编号：2025-028 杭州新坐标科技股份有限公司 关于回购注销部分限制性股票通知债权人的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、通知债权人的原因 现场申报时间为工作日 8:00—17:00。 杭州新坐标科技股份有限公司（以下简称"公司"）于 2025 年 5 月 20 日召 开 2024 年年度股东大会，审议通过了《关于回购注销部分激励对象已获授但尚 未解锁的限制性股票的议案》，根据《公司 2024 年度限制性股票激励计划（草案）》 （以下简称"《激励计划》"）的规定，公司决定回购注销部分已获授但尚未解锁 的限制性股票共计 31,000 股，将导致注册资本减少至 136,486,896 元。具体内容 详见公司于上海证券交易所网站（www.sse.com.cn）上披露的《新坐标关于回购 注 销 部 分激励 对 象已获 授但 尚未 解锁 的限制 性股票的公告》（公 告编号： 地址：浙江省杭州市余杭区仓前街道龙潭路 18 号公司证券投资部 联系人：郑晓玲、孟宇婷 邮政 ...

证券代码：603040 证券简称：新坐标 公告编号：2025-028 杭州新坐标科技股份有限公司 关于回购注销部分限制性股票通知债权人的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、通知债权人的原因 杭州新坐标科技股份有限公司（以下简称"公司"）于 2025 年 5 月 20 日召 开 2024 年年度股东大会，审议通过了《关于回购注销部分激励对象已获授但尚 未解锁的限制性股票的议案》，根据《公司 2024 年度限制性股票激励计划（草案）》 （以下简称"《激励计划》"）的规定，公司决定回购注销部分已获授但尚未解锁 的限制性股票共计 31,000 股，将导致注册资本减少至 136,486,896 元。具体内容 详见公司于上海证券交易所网站（www.sse.com.cn）上披露的《新坐标关于回购 注销部分激励对象已获授但尚未解锁的限制性股票的公告》（公告编号： 2025-018）、《新坐标 2024 年年度股东大会决议公告》（公告编号：2025-027）。 根据《激励计划》相关规定，本次回购注销的限制性股票数量为 31 ...

上海市锦天城律师事务所 关于杭州新坐标科技股份有限公司 2024 年年度股东大会的 锦 天 域 律师事务 所 ALLBRIGHT LAW OFFICES 地址:上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话:021-20511000 传真:021-20511999 邮编: 200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于杭州新坐标科技股份有限公司 2024 年年度股东大会的 法律意见书 致:杭州新坐标科技股份有限公司 法律意见书 上海市锦天城律师事务所(以下简称"本所")接受杭州新坐标科技股份有 限公司(以下简称"公司")委托,就公司召开2024年年度股东大会(以下简 称"本次股东大会")的有关事宜,根据《中华人民共和国公司法》(以下简称 《公司法》)、《上市公司股东会规则》等法律、法规、规章和其他规范性文件 以及《杭州新坐标科技股份有限公司章程》(以下简称《公司章程》)的有关规 定,出具本法律意见书。 为出具本法律意见书,本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则(试行)》等规定,严格履行 了法定职责,遵循 ...

证券代码：603040 证券简称：新坐标 公告编号：2025-027 杭州新坐标科技股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一) 股东大会召开的时间：2025 年 5 月 20 日 (二) 股东大会召开的地点：杭州市余杭区仓前街道龙潭路 18 号公司一楼多 功能室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 84 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 72,872,090 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 53.3791 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次会议由公司董事会召集，由公司董事长徐纳先生主持，本次会议以现场 投票和网络投票相结合的方式召开，会议的召集、召开符合《公司法 ...

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating a positive outlook for investment opportunities [2]. Core Insights - The automotive industry is experiencing a recovery in profitability, driven by the "old-for-new" policy, which has stimulated steady growth in passenger car sales in China [4][20]. - In 2024, the wholesale sales of passenger cars in China reached 27.41 million units, a year-on-year increase of 6.15%, while the sales of new energy passenger cars grew by 31.99% to 12.23 million units [4][22]. - The penetration rate of new energy vehicles increased to 44.6% in 2024, up 10.2 percentage points from 2023, indicating a strong trend towards electrification [22]. - The report highlights a significant divergence in performance within the passenger car sector, with leading companies like BYD showing robust growth, while others like SAIC and GAC faced declines [31][39]. Summary by Sections 1. Automotive Industry Performance in 2024 - The automotive industry in China is benefiting from government policies that encourage consumers to replace old vehicles with new ones, leading to increased sales [20]. - The total wholesale sales of passenger cars in 2024 were 27.41 million units, with a growth rate of 6.15% year-on-year [4][20]. 2. Passenger Car Sector: Performance Disparity - The passenger car sector achieved revenues of CNY 2,063.48 billion in 2024, a 9.79% increase, while net profit reached CNY 59.83 billion, up 1.37% [5][31]. - The first quarter of 2025 saw revenues of CNY 434.86 billion, a 7.39% increase, and net profit of CNY 14.09 billion, a 16.35% increase [5][31]. 3. Automotive Parts Sector: Revenue and Profit Growth - The automotive parts sector reported revenues of CNY 966.12 billion in 2024, a 6.14% increase, and net profit of CNY 47.41 billion, a 10.29% increase [6][53]. - In the first quarter of 2025, revenues reached CNY 234.43 billion, a 7.40% increase, with net profit at CNY 14.32 billion, a 13.56% increase [6][53]. 4. Investment Strategy - The automotive indices have shown significant growth, with the passenger car index rising by 7.29% and the automotive parts index by 14.82% year-to-date [7][75]. - The report emphasizes the importance of focusing on intelligent vehicle development, with companies like Huawei leading in technology integration [79]. 5. Key Companies and Recommendations - The report recommends several companies based on their performance and market position, including Zhongyuan Neipei, Xinz坐标, Kehua Holdings, and others, all rated as "Buy" [10].

Investment Rating - The report maintains a "Positive" outlook for the automotive industry, expecting the industry index to outperform the market index by over 5% in the next six months [5]. Core Insights - The automotive industry has shown resilience with the Shanghai Composite Index rising by 1.12% and the Shenwan Automotive Industry Index increasing by 2.40%, outperforming the market by 1.29 percentage points, ranking third among 31 primary industries [1]. - The export of Chinese automobiles has been growing significantly, with a year-on-year increase of 6% in the first four months of 2025, and a remarkable 52.6% growth in new energy vehicle exports [4]. - The report highlights a shift in major automotive manufacturers towards exploring export markets due to intense domestic competition, with a notable increase in the export of fuel vehicles [4]. Market Performance - As of May 16, 2025, the Shenwan Automotive Sector's Price-to-Earnings (PE) ratio (TTM) stands at 26.74 times, which is at the 34.72 percentile of the past five years [1]. - Among 294 listed companies in the automotive sector, 192 experienced stock price increases, with the top three gainers being Chengfei Integration (+61.09%), Zhaofeng Co. (+34.78%), and New Coordinates (+26.17%) [1]. Industry Data - The report provides insights into the prices of key raw materials, noting that the price of lithium carbonate averaged 64,500 yuan per ton, with a weekly decline of 1.15% [3]. - The price of float glass (4.8/5mm) is reported at 13,183,000 yuan per ton, reflecting a slight increase of 0.10% [2]. Technological Collaboration - Many automotive companies are collaborating with third-party solution providers like Huawei and DJI for smart driving technology, adopting a "self-research + cooperation" model to enhance competitiveness and innovation [8].