好 大家好这里是编导编导 我是编导冬今天是12月19号今天盘面啊总的还是比较正当当然有隔一步爱盘的一个开盘的一个冲击 但是盘面上呢还是能自然而然的能够延续一些热点还有就是发掉一些新的线索那么今天呢我们沿着这个算力啊我们继续看这个推理算力这一块端测推理那么这个推理啊 到明年那么这个端测和推理算力这块呢会有一个非常非常火爆的行情这是初步这么一个预测就像之前的炒那个炒那个算力啊炒那个主要炒的是训练算力是吧云端训练算力那么A股呢没有没有特别 芯片比如说现在能够在一定程度上自主可控的吧啊一些比如说从基带芯片啊啊这个部分银视频的啊还有这个CS芯片啊啊还有就是IPC芯片啊等等这些基本上有些都是可以做尤其是中低端的啊可以做自主可控啊包括一些存储啊包括存储 而且这个端特的比如说一个AI耳机AI音箱是吧什么什么桌面机器人等等这些他用的这芯片呢不要就有多强大的一个算力支持是吧他这个制程呢也不用那么的先进成熟制程啊啊大概也可以满足的所以说呢这块呢是作为接下来呀 NorthridgeSRC-9等等这些这些都是那个低寸数量这些都是那个人家淘汰产能的是吧他们主要搞HBM行吗那国内这块就是一个哪里空间那这都是都是未来在端测大幅放量的就这个逻 ...

各位投资者朋友们大家好欢迎大家来到我们万家提琴的直播间我是今天的主持人范姐那么近期呢大家也可以看到国内甚至频繁落地啊股债市场呢反馈也是比较积极的临近年末我们手里的资产应该怎么样去应对同时在新的一年应该怎么样开始自己二五年的一个投资配置 相信小伙伴们也会有很多的一个疑问那今天的嘉宾我们依然邀请到了我们宏观音乐圈的众望嘉宾万家基金的首席宏观分析师熊一鸣熊博那熊博也将通过宏观视角为大家解读一下近期的市场那么大家如果有关于市场上近期的一些变化大类资产配置等等各方面的问题也可以在直播间里和我们互动我们也会请熊博来跟大家交流解答那首先还是请熊博先跟我们直播间的观众朋友们打个招呼吧 大家好 我是网站与您的熊伊明 好的欢迎熊博来到我们直播间又到了我们每个月一次的宏观月夜谈栏目了今天我们还是从热点事件开始跟大家讲起首先最新的一个消息就是我们美联储今年年内最后一次降息也落地了同时它也是释放出了一些鹰派的信号大家也把这次的降息称为鹰派的降息那么随着接下来特朗普即将正式的上任 熊博如何看待一个后续的美联储的一些降息节奏以及对这一次的整个的一些降息包括它会后的一些会议的一些说法给大家进行一个解读吧应该说这一次美联储的降息是它这个鹰派降 ...

每年的平苗钱金苗价格都要在两到三块钱左右这已经是这几年这几年你再往历史上来看的话那就是一块钱以内平苗钱历史上的价格是一块钱以内这两年好一些了在两到三块钱但是今年三到四块钱也比预期的高很多也比预期的高很多 第二个体系是科普尔体系第三个体系呢是自繁体系也就是盛泽玉口新广这三个体系那么自繁体系那么这到底是哪个体系出了问题呢还是三个都出了问题呢市场反馈的情况是只有安伟杰体系出了问题科普尔体系和盛泽体系都没有问题但是安伟杰体系的占比是最大的超过了50%安伟杰体系到底出了什么问题呢 再一个是腐化率同等受精蛋产生的基本数量少了还有一个很重要的问题是种子的死逃率也比之前高了种子的死逃率也比之前高了嗯我们之前科宝有变化吗科宝没变化或者说特别的科宝的变化不大之前双A的父母带种机之前双A的父母带种机它的生产性能 是不是也有问题呢也出了问题的利丰的产单率也是在下降的为什么利丰也有问题呢因为利丰也罢双A也罢罗斯也罢这三个品种都是来自美国的同一个州所以他们的产单率都是在下降的而我们不仅仅是了解到总区的生产性能下降 而总计得压力这个事情从祖代上从祖代就是我们在祖代引诊的时候去查去检疫没有检出来还是真的是真的没有检出来的现在的总计质量问题他 ...

Key Points Industry Overview 1. **Revenue Growth**: The company expects a double-digit revenue growth trend to continue both for the current quarter and the next year. [doc id='1'] 2. **Regional Performance**: - **China**: Domestic revenue showed significant improvement in October and November, reversing the underperformance seen in Q2 and Q3. [doc id='1'] - **Qatar**: Growth in the region exceeded expectations, with a year-on-year increase of less than 2% from January to September, but a strong growth in October. [doc id='2'] - **Europe**: Revenue growth exceeded 9% from January to September. [doc id='3'] - **Emerging Markets**: Strong growth in emerging markets, with India showing over 30% growth. [doc id='3'] - **Middle East**: Growth accelerated from Q3, with a significant increase in the region's market share. [doc id='2'] 3. **Export Performance**: China's export performance has been strong, with the company maintaining a 70% market share in the US. [doc id='2'] 4. **Policy Impact**: Policies have had a significant positive impact on the company's high-end brands. [doc id='4'] 5. **Supply Chain**: The company has a robust supply chain solution, with investments in the US totaling over $2 billion. [doc id='5] Company Performance 1. **Profit Growth**: Profit increased by 15% in the first three quarters of the year, despite the challenging economic environment. [doc id='15'] 2. **Efficiency Improvements**: The company has implemented various efficiency improvements, including optimizing logistics and reducing inventory levels. [doc id='10', '11', '12'] 3. **Digital Transformation**: The company is focusing on digital transformation, including digital currency and content marketing. [doc id='14'] 4. **Competitive Position**: The company believes it has a strong competitive position in the market, with a strong product portfolio and research and development capabilities. [doc id='17', '18'] Future Outlook 1. **Policy Expectations**: The company expects policy support to continue, supporting the company's growth. [doc id='3'] 2. **Market Expansion**: The company aims to increase its market share in the Middle East and improve its operational efficiency in Europe. [doc id='5', '6'] 3. **Cost Reduction**: The company aims to further reduce costs and improve profitability. [doc id='17', '18'] 4. **Long-term Growth**: The company believes it has a strong long-term growth potential, with a focus on innovation and efficiency improvements. [doc id='17', '18']

主要给大家汇报一下这个机器人这个赛道机器人这个赛道应该是我们团队主观的一个方向确实这个赛道最近四季度行情演绎也比较极致我觉得主要从短期还有长期我们对这个赛道的理解和判断给大家进行一个汇报确实11月份 应该也是A股市场上最活跃的板块之一核心的本质上这个行情本身是一个扩散行情那行业确实产业确实发生了很多事件车化比如说安徽重庆这两地开始有政策大规模推动所以引起了市场去朝 重庆安徽工业那还有就是说这个呃大家看到这个像华为啊啊赛里斯英魏达啊这些公司啊就是各产业的龙头公司了呃开始这个呃公开要么就开会啊或者公开这个要这个做这个赛道啊呃又引起了这种工业的一个航行的演绎啊加上这个呃这个呃上个月吧就是整个 像南京化线设备南京工艺这些并购航行以及招威基电的零销售招威基电的零销售还加上特斯拉机器人这个迭代比如说手机网球还有在这个草地上的一个行走等等这些就大家看得到就是一方面是龙头公司在加速入局加速入局以及最近就是包括比亚迪也在 这个巨神智能在招聘人员就是大家看到就是这个龙头公司在纷纷入局这个赛道第二个也是看到各个地方政府在加码加码所以说这个这一轮航行本质上是一个扩散型航行扩散型航行那这个呢就是这个很像作为一个制造业研究员因为我们之前 ...

Key Points Industry Overview 1. **Rapid Development Phase**: The industry is currently in a phase of rapid development from domestic to globalization [1]. 2. **Potential for Electric Equipment Export**: There is a significant opportunity for electric equipment to go overseas [1]. 3. **Global Market Potential**: The industry is expected to grow significantly in the global market [1]. 4. **High-Pressure Steel Production**: China's high-pressure steel production is already very high in the global market, with good technical content and performance [1]. 5. **Market Opportunities**: There will be many opportunities in the market, especially in Europe and the US [1]. 6. **E-commerce Growth**: E-commerce has become a more and more capital-oriented sector in the overseas market [2]. 7. **Valuation Increase**: The valuation of e-commerce companies has increased significantly in the overseas market [2]. 8. **Globalization Potential**: There are very few listed companies in China with the potential to become globalized companies in the future [2]. 9. **Market Opportunities for Large Companies**: Large companies like Samsung Healthcare, Microsoft, and CCT have potential for market opportunities [2]. 10. **Industry Barriers**: There are natural industry barriers to electronic devices, such as technical, market, and channel barriers [3]. 11. **Trade Barriers**: More and more countries are setting up trade barriers, forcing some countries to transfer their production capacity [3]. 12. **Globalization of Chinese Companies**: Most Chinese companies have the potential to become global power equipment companies [3]. 13. **Domestic Equipment Industry**: Most domestic equipment companies have little trade, procurement, and local dealer sales [3]. 14. **Business Model**: The business model is closer to the project model, with some changes in the business model [4]. 15. **Power Investment**: The strength of power investment will be weaker in the year of the presidential election, but will continue to rise in the middle to the end of the year [4]. 16. **Financial Situation**: The overall financial situation of the company is relatively stable, compared to the current state of the domestic iPhone game industry [4]. 17. **Market Opportunity for Smart Watches**: There will be a market opportunity to exchange smart watches in the future [4]. 18. **Industry Growth**: The industry will not be a trend of growth or decline, as the track is growing steadily every year [4]. 19. **Return Data**: Don't pay too much attention to return data, just look at the comparison [4]. 20. **Global Investment in E-commerce**: There may be a year of global investment in e-commerce, especially in the years of the presidential transition [4]. 21. **Sea-Leaving Opportunity**: The industry has given a sea-leaving opportunity to the retail industry for five years [4]. 22. **African Market**: There are a lot of development opportunities in the entire mining market in Africa [4]. 23. **Blockchain Space**: The space of the blockchain will be larger, including the space of new blue-chip businesses [6]. 24. **Online Business**: There is still a great opportunity for China to do online business [8]. 25. **Overseas Business**: There are some breakthroughs in some overseas business demands in urban and urban areas [9]. 26. **Product Category**: We will continue to supplement our product category to achieve continuous global growth [9]. 27. **New Energy Technologies**: We will follow some of the new energy technologies that we have developed, such as new energy wall cabinets [9]. 28. **Blockchain**: The price of a future blockchain will be around 100 to 200 yuan [12]. 29. **National Network**: The core of the national network is developed by us and our partners [13]. 30. **Overseas Market**: We will continue to expand the range of products in the overseas market [13]. 31. **New Watch**: We will start to see some breakthroughs in Europe, Africa, Latin America, and Asia next year [13]. 32. **Focus on Market Sales**: We will gradually shift our focus from product development to market sales next year [13]. 33. **Project Demand**: We have seen a lot of opportunities for project demand overseas [13]. 34. **Globalization Wave**: The wave of globalization using Chinese electronic devices has already begun [21]. 35. **Competitive Advantage**: Our products have a very obvious competitive advantage in both local companies and OV companies [21]. 36. **Industry Value**: The value of the electronic equipment industry is very likely to rebound in the next few years, especially in the future [21]. 37. **Industry Position**: The global electronic equipment industry is a very good contributor and has a very high position [21]. 38. **Industry Breakthrough**: There is a very obvious breakthrough in the reputation of our product in many countries [21]. 39. **Industry Competitiveness**: Our products have a very obvious competitive advantage in both local companies and OV companies [21]. 40. **Industry Development**: The industry is a very good stage for companies that are developing rapidly [21].

您怎么去看待这后面的这种就是包括它的渠道然后以及就是服务的一个形态对因为其实可能海外就是美国市场北美这边跟国内也不太一样因为它的那个配件是需要处方的嘛对就是那国内可能相对来说会更开放一些对然后因为最近其实也探讨的比较多这个问题然后也想跟何总请教一下嗯 还是一个很分散的头部的企业,基本上就是像宝岛、宝石达这些,他们也就一千多家,就是这个行业集中度非常低。但是他们的集中度低还是跟那个有关系的,就是说其实眼镜的品牌也集中度很低,没有说谁家很大。所以说他也很低,卖的东西五花八门,SK有很多很多,几百上千个。 所以说,这个大品牌,这些稍微头部的企业的话,像博世这些、奥卓这些、loco这些的话,它是有优势的。就是说,我会有很多眼镜店,它会给我合作,它的客户需求可能会找到我这边来,我就有更强的一个扩张的底气和欲望。 而且的话他可以可能我们还有保障我们还有保修服务什么的也可能交给他这个时候他们有一个快速扩张的一个机遇在里面的我觉得上半场应该就这样 所以说他们现在在利润的分配上应该他们这个溢价能力更强的同时的话呢因为下游品牌就在移动他们应该在订单的需求上还有这个门店的扩张力量上应该更强啊就他的数量可能会增加这样的话他可能这个这 ...

Summary of Conference Call Records Company Overview - The conference call involves Jiangnan Buyi, a company in the fashion industry, particularly focusing on mid-to-high-end women's clothing. Key Points and Arguments Sales Trends - Sales performance showed a significant decline in the first quarter (July to September) with a three-digit drop, attributed to weak consumer sentiment and high temperatures affecting autumn clothing sales [1][2] - October sales improved with a 15% increase, driven by promotional activities leading up to Double Eleven [1][2] - December is expected to perform well due to the upcoming Spring Festival, with increased consumer willingness to shop [2] Consumer Behavior - The worst consumer traffic was recorded from July to September, with a slight recovery noted in October, likely due to cooler weather [2] - The company is focusing on enhancing customer experience and loyalty through refined membership operations and product quality [1][2] Pricing and Discounts - The company maintains a cautious approach to discounting, avoiding deep discounts that could harm brand integrity [3][4] - Current discount rates are stable, with seasonal products seeing a discount of around 60% for last year's items [3][4] Strategic Focus - Jiangnan Buyi emphasizes a dual strategy of design-driven and brand-driven growth, with a stable design team of approximately 70 designers [5][6] - The company has implemented a robust training program for sales staff to enhance their selling capabilities and product knowledge [19] Membership and Customer Engagement - Membership has grown from 510,000 to 550,000, contributing to 80% of total revenue, indicating effective customer retention strategies [19] - The company offers a ten-year repair service for products, enhancing customer loyalty and engagement [12] Brand Development and Acquisitions - The company has acquired a functional children's sportswear brand, OMYGAME, and a designer brand store, Brock, to expand its portfolio and market reach [18][19] - The acquisition of Brock is expected to enhance brand visibility and provide access to international designer brands [18] Market Positioning - Jiangnan Buyi aims to capture more market share post-pandemic, with a focus on product innovation and brand differentiation [16][17] - The company is closely monitoring competitors and adapting strategies based on market trends and consumer preferences [17] Future Outlook - The company plans to continue investing in brand strength and customer experience, with expectations of sustainable growth across its various brands [15][19] - The focus will remain on enhancing operational efficiency and refining marketing strategies to attract new customers while retaining existing ones [19] Additional Important Content - The company has established a dedicated PR department to manage public relations and mitigate potential negative publicity [13] - There is an emphasis on maintaining a balance between creative freedom for designers and product stability to avoid public backlash [13][14] This summary encapsulates the key insights from the conference call, highlighting the company's current performance, strategic initiatives, and future outlook in the fashion industry.

Hi, good morning, everyone, and thank you, Julianne. We appreciate you all joining us today for our Q&A session on our second quarter fiscal 2025 results. I hope you all had time to review our press release, listen to the prepared remarks, and view our presentation materials, which we made available this morning on our investor relations website. It's important to note that in our Q&A session, we may make forward-looking statements that are based on management's current views and assumptions, And as I said, ...

个人和企业发展所需的融资需求发挥中金一家优势我们凝聚服务的力量中金公司依托教造的国际化布局凭借中金国际财富管理平台为客户面接全球优质资产开启财富人生 在数字金融的大潮中我们拥抱科技创新的力量打造全渠道数字化的客户服务平台不断拓展服务的边界将复杂的投资流程转化为便捷的投资体验以遍布天南地北的智慧网点使优质金融服务生动鲜活触手可及 很荣幸今天我们邀请到了来自久坤投资的市场研究负责人郭鸿成来到我们直播间与大家进行交流有请郭老师跟观众朋友们打个招呼吧先大家好我是久坤投资的郭鸿成非常感谢大家时间然后也很荣幸在这里跟大家交流郭鸿成先生于2021年就加入了久坤投资现任久坤投资市场研究负责人负责于 也好还是直播间里的各位观众朋友们也好想必都累积了不少的心得与感慨随着这个岁月的流转每个人都经历了成长和蜕变因此我在这里首先想跟郭老师就先探讨一个问题就是相比于一年半之前您做客明慧和听您感觉您在哪些方面有一些改变又在哪些方面一直保持着不变呢 在未来还会继续下去是的就正如郭老师刚刚所说整个市场包括量化行业量化管理人员以及郭老师个人在这过去这一年多的时间里都经历了一些迭代和成长那么尽管外部的环境不断的在变化但我们的初心一直是始终如一的我 ...