聚焦老旧住宅电梯更新，在沪外企找到在华发展“第二增长曲线”

Group 1 - In the first five months of this year, Shanghai established nearly 2,500 new foreign-funded enterprises, with actual foreign investment exceeding 7.6 billion USD, maintaining its position as the most concentrated city for foreign investment in China [1] - The Finnish company KONE, headquartered in Shanghai, completed a significant public welfare project in Kunshan, updating 2,106 old residential elevators in just eight months, showcasing how foreign enterprises are shifting from "incremental dividends" to "stock opportunities" in China [3][4] - KONE has transformed from being a "world factory" to a key player in global innovation, with its Kunshan industrial park being the largest production base globally and its R&D center being the largest overseas [4] Group 2 - KONE's recent project in Kunshan signifies its ability to capture new opportunities as China transitions into a "stock era," with the elevator market shifting from incremental to stock, making the renovation business KONE's "second growth curve" [5] - The number of elevators over 15 years old in China has reached 900,000 and is still growing rapidly, presenting a significant market opportunity for KONE, which has seen double-digit growth in its renovation business orders over the past three years [5] - KONE's success in the Kunshan project is attributed to its deep integration with the local business environment, benefiting from government support and optimizing the supply chain, with 99% of its supply chain based locally [7]