智算中心设计人才，即整体规划设计者。单台GPU服务器功耗高达数十千瓦，传统供电与散热方案难以 匹配，业务波动性更要求机房具备弹性扩展能力。设计者需融合绿色能源技术、模块化架构与老旧机房 改造方案，例如在东部高电价地区采用液冷技术降耗，或通过动态设计灵活调配算力资源，平衡"双 碳"目标与经济可行性。 智算IT组网与运维人才，即IT技术人员。智算中心运维复杂度远超传统数据中心，需应对异构计算环境 优化、多平台资源池化及国产芯片适配等挑战。例如在推理场景中通过量化压缩技术降低算力依赖，或 在训练过程中动态调整资源分配提升效率。运维人才需从"设备维护者"转型为"技术整合者"，兼具硬件 调试与算法调优能力。 智算消纳场景开发人才，即综合性商业人才。当前算力资源多集中于互联网巨头的大模型训练，而制造 业、医疗等传统行业应用尚未充分挖掘。这类人才需要探索应用场景的拓展，将抽象算力转化为行业解 决方案。例如为智慧城市设计交通调度模型时融合算力分布与实时数据，或为药企搭建分子模拟平台时 平衡计算精度与成本，推动技术向产业价值转化。 在数字经济蓬勃发展的当下，算力作为核心生产力，正引领新一轮科技革命和产业变革。其中智算作为 算力 ...

3条深市指数此次调样合计更换31只样本。其中，深证成指样本股调整20只样本，创业板指调整8只，深 证100指数调整3只。据悉，深证成指本次调样后制造业样本公司权重占73%；创业板指中，战略性新兴 产业权重占92%；深证100指数战略性新兴产业权重占比提升至76%，先进制造、数字经济、绿色低碳 三大重点领域权重占73%。 此次样本调整后，主要规模指数样本契合资本市场结构变化和产业转型升级趋势，信息技术、通信服 务、工业等行业样本数量有所上升，对市场代表性进一步增强；中证A系列指数样本行业分布均衡，纳 入更多新兴领域龙头公司，对细分行业覆盖度进一步提升。 4条沪市指数合计更换61只样本。其中，上证50指数更换4只样本，上证180指数更换18只样本，上证380 指数更换38只样本，科创50指数更换1只样本。 调样后，沪市指数样本质量进一步提升，将更好地发挥市场表征、投资引领的作用。比如，上证50指 数、上证180指数2024年营收增速分别提升0.6个百分点、0.2个百分点，归母净利润增速分别提升1.4个 百分点、0.1个百分点。同时，信息技术等"新经济"行业权重有所提升，体现沪市上市公司结构转型升 级不断加速的趋势 ...

Core Insights - Current Sino-Kazakh economic cooperation is transitioning from resource-driven to innovation-driven, showcasing strong vitality and broad prospects, with a focus on green energy and digital economy [1] - The bilateral trade volume between China and Kazakhstan is projected to reach $43.8 billion in 2024, marking a historical high [1] - Kazakhstan's exports to China are diversifying beyond energy and resources, with increasing shares of wheat, oilseeds, meat, and honey, while China's exports mainly consist of machinery, electronics, building materials, and consumer goods [1] Trade and Investment - The structure of trade is continuously optimizing, with both countries' economic complementary advantages becoming more pronounced [1] - Chinese enterprises are actively participating in Kazakhstan's energy infrastructure upgrades, industrial parks, and technology parks, with a gradual expansion into green energy, resource deep processing, smart manufacturing, and digital economy [1] - The railway freight volume between China and Kazakhstan is expected to exceed 32 million tons in 2024, setting a new record [1] Infrastructure and Logistics - The China-Europe Railway Express has achieved normalized operations, and the cooperation at the Horgos port is deepening, enhancing Kazakhstan's hub position in the regional logistics network [2] - Ongoing efforts are being made to improve cross-border infrastructure and customs systems, further strengthening connectivity between China and Central Asia, as well as Europe [2] Challenges and Future Prospects - Despite the deepening cooperation, challenges remain in standard alignment, technical collaboration, and the participation of small and medium-sized enterprises [2] - The upcoming second China-Central Asia Summit is anticipated to deepen industrial connections in key areas such as green energy and digital technology, promoting more pragmatic and efficient regional cooperation [2] - The Atameken National Chamber of Entrepreneurs has been instrumental in facilitating Sino-Kazakh economic exchanges since its establishment in 2013, and it aims to continue building platforms for enterprise cooperation and project implementation [2]

Core Points - The launch of the "Ali International Station Industry-Education Integration E-commerce Elite Training Camp" marks a strategic collaboration among Linzhou Architectural Vocational Technical College, Zhongyuan Huaxin Holdings Group, and Zhongke Chuangmeng International Holdings Group to address the talent gap in the digital economy [1][5][19] Group 1: Strategic Goals - The collaboration aims to establish a new paradigm for talent cultivation in the digital economy, focusing on creating a curriculum that integrates real-world scenarios and practical training [5] - The initiative seeks to empower traditional industries, such as Linzhou's construction and agricultural sectors, by leveraging the data capabilities and traffic advantages of the Ali International Station platform [5] - The project aspires to set a benchmark for industry-education integration by developing a cross-disciplinary research center that combines digital technology with the construction industry [5] Group 2: Employment and Training Initiatives - The core mission of the training camp is to resolve structural employment issues through comprehensive service measures, dual certification training, and deep integration of innovative education [7] - The program includes four specialized training projects aimed at enhancing employability and aligning educational outcomes with industry needs [17] - The focus is on creating a talent supply system that matches career planning with industry demands, emphasizing a closed-loop education model that fosters creativity, innovation, entrepreneurship, and value creation [17] Group 3: Institutional Commitment - Linzhou Architectural Vocational Technical College commits to actively engage with industry partners, ensuring efficient collaboration and resource sharing [9] - The college will prioritize support for the project in terms of human resources, financial backing, and policy facilitation to ensure successful implementation [9] - The initiative is seen as a critical breakthrough for the college in deepening industry-education integration and contributing to regional development [19]

证券研究报告 | 2025年6月15日 估值周观察(6月第3期) 稀土永磁表现突出 策略研究 · 专题报告 证券分析师：王开 021-60933132 wangkai8@guosen.com.cn S0980521030001 证券分析师：陈凯畅 021-60375429 chengkaichang@guosen.com.cn S0980523090002 请务必阅读正文之后的免责声明及其项下所有内容 核心观点 请务必阅读正文之后的免责声明及其项下所有内容 • 近一周（2025.6.9-2025.6.13）海外市场整体回调，估值温和收缩。海外市场整体回调，但韩国市场持续上涨，韩国综合指数和 KOSPI50指数分别上涨2.94%和2.48%；香港市场持续回暖，恒生中型股全球领涨，上涨3.94%。美国主要指数小幅下跌1%左右；德 国DAX指数领跌，下跌3.24%。估值方面变化温和（幅度基本不超过1x）。德国DAX指数明显下跌，但PE扩张0.52x；韩国KOSPI50指 数上涨，但PE收缩0.69x，两者盈利有所修复。其余市场PE变化和指数涨跌方向保持一致。港股除恒生科技指数，其余指数的估值分 位数均在95%左右， ...

Group 1 - The Sri Lankan delegation, led by Tilvin Silva, visited Guizhou to learn about poverty alleviation, digital economy, and ecological protection efforts in China [2][6] - The delegation visited Zhaoxing Dong Village, which is recognized for its cultural heritage and tourism, with 102.7 million visitors and a tourism revenue of 1.02 billion yuan in 2024 [2][5] - The delegation also visited Guizhou Tyre Co., Ltd., where they observed the implementation of over 40 technological solutions, resulting in a 57% reduction in product quality defects and a 68% increase in labor productivity [5] Group 2 - The visit highlighted China's balance between cultural heritage protection and economic development in ethnic regions, as noted by the delegation members [5] - The delegation expressed intentions to leverage the insights gained from Guizhou's experiences to enhance cooperation between Sri Lanka and China [6]

Group 1 - The opening of JD MALL Beijing Shuangjing store marks the introduction of a technology-driven commercial complex with an area of 50,000 square meters, featuring "immersive experience, full-category coverage, and scenario-based services" [1] - The store includes the first immersive experience space in North China focused on instant imaging culture, created by Fujifilm, attracting consumers with interactive photo opportunities [1] - JD MALL Shuangjing store introduces a cross-border experience store model that integrates international sourcing, bonded warehouse operations, customs declaration, international logistics, offline stores, and online cross-border shopping, offering over ten thousand products from more than 50 countries and regions [1] Group 2 - The store emphasizes technology with an "AI New Life" experience area showcasing cutting-edge AI products such as AI computers, robots, and glasses, positioning the Shuangjing business district as a hub for digital economy empowerment [2]

Group 1 - JD MALL Beijing Shuangjing store opened with a total area of 50,000 square meters, featuring "immersive experience + full category coverage + scenario-based services" [1] - The store includes the first offline cross-border experience store in North China, allowing consumers to experience products from over 50 countries and regions [1] - The store showcases a retro cabinet replicating JD's original 1998 market stall, highlighting the company's unique entrepreneurial history [1] Group 2 - The store emphasizes technology with an "AI New Life" experience area featuring cutting-edge AI products such as computers, robots, and glasses [2] - The location near the CBD positions the Shuangjing business district as a hub for digital economy empowerment [2]

人民网曼谷6月14日电 （记者孙广勇）6月11日至13日，第二届侨交会（曼谷）智能科技展在泰国 曼谷蒙通他尼国际会展中心举办。本届展会聚焦智能制造、绿色能源、数字基建等领域，汇聚了来自中 泰两国的优质企业，展前吸引超3000多名观众预登记，大量泰国本地及周边国家的专业买家与行业人士 参展，为中企出海东南亚注入新动能。 近年来，泰国持续加快绿色能源与数字基础设施建设步伐，在完善相关政策机制的基础上，积极推 动太阳能、储能、电动车、智慧城市等重点产业发展，相关政策不断完善，市场潜力持续释放。围绕这 一趋势，本届展会在智能科技展基础上，首次增设"全球绿色与数字基建博览会"与"中国消费品品牌出 海博览会"两个子品牌，前者聚焦绿色科技与基础设施合作，后者聚焦中国优质消费品在东南亚市场的 落地机遇，进一步增强了展会内容与泰国国家发展方向的契合度，为中泰企业在绿色转型与数字经济领 域搭建了更具针对性的合作平台。 其中在展会特设的出海服务专区中，通过产能合作专区、法律财税服务、金融物流服务、海外华商 资源网络登记处的设立全链条破解企业出海痛点。展会期间，该专区为超130家企业提供咨询服务，其 中28%的企业咨询投资设立厂线相 ...

Core Points - The fourth China-Africa Economic and Trade Expo was held in Changsha from June 12 to 15, focusing on "China-Africa Cooperation to Dream of Modernization" [1] - In 2024, the trade volume between China and Africa is projected to reach $295.6 billion, marking a 4.8% year-on-year increase and setting a new historical high [4] Group 1: Development Stages of China-Africa Economic Cooperation - The cooperation has gone through four stages: initial aid-focused cooperation, expansion into trade and investment, rapid growth post-2000, and quality enhancement in the new era [2][3] - From 1980 to 1999, bilateral trade grew from $1 billion to $6.5 billion, reflecting a steady development [2] - By 2012, trade surged to $198.56 billion, with China becoming Africa's largest trading partner [3] Group 2: Recent Progress in China-Africa Economic Cooperation - The bilateral trade structure is optimizing, with significant growth in exports of new energy vehicles, lithium batteries, and photovoltaic products from China [4] - As of the end of 2023, China's investment stock in Africa reached $42.12 billion, with nearly 3,300 Chinese companies operating in 51 African countries [4] - The establishment of economic and trade parks by Chinese enterprises in Africa has created numerous job opportunities and tax revenues [4] Group 3: Innovative Cooperation Models - Chinese companies are exploring new cooperation models in infrastructure, such as public-private partnerships and integrated project management [5] - In agriculture, companies are adopting order-based planting and "company + farmer" models to enhance the value and competitiveness of African agricultural products [5] Group 4: Strategic Enhancements and Future Prospects - The relationship between China and Africa is at its best historical period, with plans to elevate bilateral relations to a strategic level [6] - The complementary advantages in economic cooperation remain significant, with China's diverse industrial products meeting African needs [6] - Emerging fields like green development, digital economy, and artificial intelligence present vast cooperation opportunities [6] Group 5: Institutional Support for Economic Cooperation - China has signed investment promotion and protection agreements with 34 African countries, providing a stable institutional framework for trade and investment [7] Group 6: Establishment of China-Africa Economic Cooperation Pilot Zone - The China-Africa Economic Cooperation Pilot Zone aims to promote strategic alignment and innovative practices in trade and investment [8][10] - The pilot zone has made progress in establishing cooperation mechanisms and facilitating trade, including a pre-assessment system for African food products [10] Group 7: Zero Tariff Policy Impact - China's zero-tariff policy for least developed countries has significantly boosted imports from Africa, with a 15.2% increase in imports from these nations [15][16] - The policy has facilitated the entry of various African agricultural products into the Chinese market, enhancing their competitiveness [15][17] Group 8: Broader Implications of China-Africa Cooperation - The cooperation has become a model for global South-South cooperation, emphasizing mutual benefits and shared development opportunities [18][19]