当国内市场增长渐趋平缓，越来越多的中国企业将目光投向海外，开启全球化征程。这股"出海潮"背后，是企业寻求突破与增长的深层逻辑，交织着广阔的 机遇与严峻的挑战。 出海之旅充满诱人机遇。一方面，新兴市场消费潜力巨大。东南亚、中东、拉美等地区的中产阶级迅速扩张，数字化进程加快，对中国成熟的消费互联网模 式、高性价比的工业品及基础设施解决方案有着强烈需求。另一方面，产业链协同优势凸显。中国完备的制造业体系与供应链能力，使得企业能够以较高效 率响应全球需求，尤其在新能源、数字经济等优势领域，具备输出整体解决方案的能力。此外，技术创新带来新可能。跨境电商、数字支付等工具降低了跨 境贸易门槛，使中小企业也能参与全球竞争。 风浪之险：航行途中必经的考验 然而，蓝海之下暗流涌动。首要挑战是跨文化管理与合规风险。各国法律体系、商业惯例、劳工标准、宗教信仰与文化差异巨大，稍有不慎便可能引发冲突 或遭遇处罚。其次，本土化竞争与供应链重构压力。企业需应对当地竞争对手，并建立稳定可靠的本地供应链，物流成本与复杂性显著增加。再者，地缘政 治与经济波动带来不确定性。国际贸易摩擦、汇率剧烈波动、地区冲突等都可能对海外业务造成冲击。最后，高端品 ...

Group 1: Forklift Industry Insights - In November 2025, forklift sales in China saw a significant increase, with domestic sales rising by 23.9% year-on-year to 75,200 units, while overall sales reached 119,700 units, up 14.1% year-on-year [5][6] - The cumulative sales of forklifts from January to November 2025 totaled 1.3404 million units, reflecting a year-on-year growth of 14.2%, with domestic sales at 843,000 units and exports at 497,400 units [5][6] - The growth in domestic forklift demand is linked to the recovery of the manufacturing and logistics sectors, supported by a 5.1% year-on-year increase in social logistics in October 2025 and a manufacturing PMI new orders index of 49.2 in November [6][7] Group 2: Globalization of Leading Companies - Anhui Heli has laid the foundation for a new factory in Thailand, marking a significant step in its globalization strategy, with an investment of approximately 425 million yuan and an expected annual production capacity of 10,000 forklifts and battery sets [7] - Hangcha Group has established a new company in Dubai, UAE, to enhance its global presence, focusing on sales, service, leasing, and maintenance of forklifts and industrial vehicles, capitalizing on the region's growing logistics demand [8] Group 3: Robotic Vacuum Cleaner Market Developments - The global smart robotic vacuum cleaner market is increasingly dominated by Chinese brands, with a total shipment of 17.424 million units in the first three quarters of 2025, representing an 18.7% year-on-year increase, and Roborock leading with a 21.7% market share [12][13] - iRobot, a pioneer in the robotic vacuum sector, has filed for bankruptcy and will be acquired by Ecovacs Robotics, which may lead to a redistribution of market shares among leading brands [13] - The upcoming 2026 CES is anticipated to showcase innovative robotic vacuum technologies, including AI-enabled features that enhance cleaning capabilities and user experience [14][15]

Core Viewpoint - The forklift industry is experiencing positive growth driven by the recovery of the manufacturing sector and increased logistics demand, with domestic companies expanding their global presence and focusing on smart logistics and robotics [1][2]. Group 1: Market Demand and Sales Performance - In November 2025, forklift sales in China increased significantly, with domestic sales growing by 23.9% year-on-year to 75,200 units, while overall sales for the year reached 1.34 million units, a 14.2% increase [2][3]. - The demand for forklifts is closely linked to the manufacturing and logistics sectors, with the manufacturing PMI new orders index rising to 49.2 in November, indicating a recovery in manufacturing activity [3]. Group 2: Global Expansion Initiatives - Anhui Heli has established a joint venture in Thailand with local company SMP, investing approximately 425 million yuan to create a manufacturing base for forklifts and lithium battery systems, aiming to enhance global competitiveness [4]. - Hangcha Group has launched its Middle East operations in Dubai, focusing on providing comprehensive solutions for forklift sales, service, and maintenance, capitalizing on the region's growing logistics equipment demand [5]. Group 3: Industry Outlook - The overall forklift market is expected to maintain steady growth, supported by favorable macroeconomic indicators and a gradual recovery in domestic demand, with the government projecting a GDP growth of around 5% [3]. - The international trade environment is improving, contributing to a stable growth trajectory for forklift exports, with a 16.6% year-on-year increase in engineering machinery export trade value in November [3].

12月23日，国内改性材料龙头企业会通新材料股份有限公司（证券代码：688219，简称"会通股份"）发 布公告，宣布拟通过全资孙公司圆融新材料（香港）有限公司，以不超过2500万欧元收购意大利 OMIKRON S.R.L（简称"OMIKRON"）70%股权。交易完成后，OMIKRON将成为会通股份联营企业， 助力公司"全球化"布局迈出关键一步。 收购金额不超过2500万欧元，全球化战略重要落子 根据公告披露的交易细节，香港圆融将分别向OMIKRON的两大股东MICCA 22 S.R.L和INVESTAR S.R.L支付不超过1035万欧元，受让双方各持有的35%股权，基础转让价款合计2070万欧元，另需加计 自2024年12月31日起至交割日按年利率3%计算的利息。为绑定标的公司长期发展，交易还设置了业绩 奖励条款，若OMIKRON在2026-2028财年经审计的调整后EBITDA达标，香港圆融将额外支付最高300 万欧元奖金。 资金来源方面，本次股权投资将全部采用会通股份自有资金或银行贷款，不涉及募集资金使用。公司最 新财报显示，2025年前三季度实现营业收入47.21亿元，同比增长10.03%；归母净利润 ...

Core Insights - Zhao Fei's appointment as president of Changan Automobile symbolizes the company's transition from a traditional manufacturer to a technology-driven enterprise, focusing on navigating the profitability challenges in the electric vehicle (EV) sector [1] - Changan's strategy emphasizes leveraging ecological advantages and capital power, aiming for a more intelligent approach to operations [1] Group 1: Strategic Direction - Changan has undergone a comprehensive organizational restructuring, with a focus on stabilizing and advancing its operations in the EV market [2] - The company anticipates that the market share of EVs to fuel vehicles in China will reach 70:30 within the next two to three years, while globally, fuel vehicles will still account for 70% by 2030 [2] - Zhao Fei acknowledges the recent sales achievements of over 100,000 units for three consecutive months, attributing this to the company's commitment to mastering technology since its third entrepreneurial phase in 2017 [2] Group 2: Industry Challenges and Responses - Changan welcomes government efforts to address industry competition issues, having reduced supplier payment cycles to 53 days to build trust within the supply chain [3] - The company is committed to maintaining a research and development (R&D) investment of 6% of sales revenue, emphasizing the importance of innovation in transitioning to a technology company [3] - Changan's collaboration with Huawei is framed as a dual approach, balancing respect for partnerships with a commitment to technological independence and safety [3] Group 3: Technological Advancements - The company has recently achieved a significant milestone by becoming one of the first in China to utilize L3-level autonomous driving technology, focusing on safety through extensive testing and data collection [3][4] - Zhao Fei identifies data as the critical factor for advancing from L3 to L4 autonomous driving capabilities, highlighting the importance of a robust global R&D network [4] Group 4: Brand and Capital Strategy - Changan's three EV brands—Avita, Deep Blue, and Changan Origin—are strategically positioned to target different market segments, supported by a centralized management structure to minimize internal competition [5] - Capital operations are viewed as essential for enhancing the competitiveness of sub-brands, with Deep Blue achieving 700,000 cumulative deliveries and a strong likelihood of profitability in the coming year [6] - The company aims to expand its global presence, targeting 600,000 overseas sales by 2025, while acknowledging the need for improved efficiency and effectiveness in international markets [6] Group 5: Market Positioning and Future Outlook - Zhao Fei emphasizes that market valuation is a gradual process based on operational quality rather than speculation, aligning with Changan's focus on practical engineering and R&D [7] - The company is building a competitive edge through a combination of technological barriers, brand differentiation, and global production capabilities, marking a significant shift from scale competition to value competition in the automotive industry [7]

长沙晚报社版权声明 关键词：浏阳经开区 >>我要举报 长沙晚报掌上长沙12月25日讯（浏阳日报记者袁安）近日，《2025环球首发·胡润中国食品行业百强 榜》发布。榜单显示，有4家湖南上市公司上榜，其中浏阳企业盐津铺子排名第69位。 近年来，盐津铺子深耕印尼魔芋、东南亚芒果干等全球优质原料产地，持续打造行业领先的"超级工 厂"，通过数字化、智能化升级，实现了从原料源头到生产过程的国际化标准接轨，推动中国休闲零食 制造水平提升。 值得一提的是，在12月18日发布的"2025三湘民营企业百强榜"中，盐津铺子位列第30名，较2021年首次 入围时累计攀升64位，居食品制造业榜首。 未来，盐津铺子将持续深化全产业链优势，加快全球化布局步伐，进一步巩固其在湖南食品制造业的领 先地位，朝着"世界级休闲零食品牌"的目标稳步迈进，为区域经济高质量发展贡献更多"盐津力量"。 【作者：朱泽寰】 【编辑：邓艳红】 ...

Core Viewpoint - The company Shida Shenghua is attempting to list H-shares in Hong Kong as a crucial self-rescue move amid a downturn in the lithium battery materials industry, characterized by declining performance and cash flow pressures [1][3]. Group 1: Company Background - Shida Shenghua, established in 2002 and listed on the Shanghai Stock Exchange in 2015, was a leading player in the domestic electrolyte industry, holding over 40% of the global high-end carbonate solvent market [3]. - The company has a strong customer base that includes major global electrolyte firms, positioning it as a "hidden champion" in the lithium battery upstream sector [3]. Group 2: Financial Performance - The company's revenue has significantly declined from 8.316 billion yuan in 2022 to 5.635 billion yuan in 2024, with net profit plummeting from 891 million yuan to 18.72 million yuan and further to 16.42 million yuan [3]. - In the first three quarters of 2025, the company reported a net loss of 62.2 million yuan, indicating ongoing financial struggles [3]. - Operating cash flow has been negative for 2023 and 2024, with net cash flows of -432 million yuan and -448 million yuan, respectively [3]. - Accounts receivable surged from 613 million yuan to 1.389 billion yuan, accounting for over 25% of revenue, highlighting issues with product sales and cash collection [3]. Group 3: Strategic Moves - The company has previously attempted to raise funds through a 4.5 billion yuan private placement in July 2022, which faced multiple inquiries from the Shanghai Stock Exchange, ultimately reducing the fundraising to 1.99 billion yuan for three core projects [5]. - The shift to the Hong Kong market is interpreted as a response to obstacles in the private placement process, seeking new financing channels and advancing global expansion [5]. - The effectiveness of the Hong Kong listing in reversing the company's declining trend remains uncertain, especially given the cyclical fluctuations and intensified competition in the lithium battery materials industry [5].

"苏州的优势在于，优厚的人才政策吸引了大量国内外英才，同时也集聚了上游关键器件、精密机械加 工等大量供应商，配套反应快且质量稳定，缩短了我们从研发到量产的迭代周期。周边也有很多整机电 子、半导体与通信等行业的客户，便于原型共创和现场验证" 电子测试测量仪器，是电子工程师进行产品设计和验证不可或缺的工具。 普源精电创立27年来，专注于电子测量仪器的产品研发与技术创新，逐步突破国外厂商长期技术壁垒， 实现了核心技术的自主可控，在电子测量仪器领域走出了一条从"跟跑"到"并跑"、向"领跑"迈进的发展 之路。 近日，普源精电总经理王宁接受上海证券报记者专访，从"超越测量"的创立初心，到"唯有创新"的突破 攻坚，再到"无限可能"的未来畅想，分享了普源精电的自主创新的"三部曲"。 超越测量 作为电子工程师的"眼睛"，数字示波器是各类电子产品研发及生产的核心工具。然而，这样一款基础且 关键的工具，其技术却长期被国际头部企业垄断。 "正因如此，公司董事长在成立公司之初就坚定了追赶国际测试测量领域前沿技术，完全独立自主研发 数字示波器的决心。"谈及此处，王宁掏出手机，翻出了他曾经写下的关于普源精电每一个发展阶段的 看法。对于公司 ...

东方雨虹董事长李卫国曾公开表态"无论市场环境如何变化，我们从未生产、将来也绝不生产一平米非标产品，追求'永远做第一名的产品'，奉行'不满意的 服务就是没有服务'，这是不容妥协的底线"，道出了企业三十年来对品质坚守的初心。尽管建筑防水、节能保温、维护修缮等均为隐蔽工程，东方雨虹却以 工匠精神贯穿研发、制造、服务全流程，不断获得来自市场、客户及消费者的信赖与认可。公司曾先后登榜"2025全球建筑材料百家上市公司综合实力百 强"，连续12年斩获防水领域最高奖项"金禹奖"，拿下第十二届"中国十大纺织科技"成果奖，获"防水涂料连续15年全国销量遥遥领先""全球建筑防水材料销 量第一（2024年度）"等权威认证。近日，东方雨虹还成功"揭榜挂帅"三项首批"好材料适配好房子"科技攻关"项目，精准响应"好房子"建设对绿色节能、健 康环保与长效舒适的核心诉求。 此外，"海外优先"战略下的全球化布局亦是东方雨虹防水卷材发货量再创新高的关键助力。自2004年布局海外市场以来，东方雨虹不仅与安德巴塞尔、埃克 森美孚等国际优秀原材料和设备供应商建立了长期稳定合作，更通过参与海外标杆工程建设、组建本地化团队等措施，加速推进全球布局。为进一 ...

Core Viewpoint - Luckin Coffee, China's largest coffee chain, is considering acquiring Blue Bottle Coffee, a premium brand owned by Nestlé, marking a significant move towards the global high-end coffee market [1][10]. Group 1: Strategic Implications - The potential acquisition is part of Luckin's globalization strategy, aiming to enhance its brand image and enter the high-end market dominated by Starbucks and independent cafes [2][11]. - Luckin Coffee has surpassed Starbucks in store count in China but is perceived as a budget brand, while Blue Bottle represents a premium positioning with a focus on quality and aesthetics [2][12]. - The acquisition could provide Luckin with over 100 international store locations, particularly in the U.S. and Japan, enhancing its global footprint [1][3][10]. Group 2: Financial Performance - As of Q3 2025, Luckin reported a net revenue of $2.1 billion, a 50% year-on-year increase, and a net profit of approximately $180 million, indicating strong financial health post-scandal [3][13]. - The financial strength supports the feasibility of a large-scale acquisition, allowing Luckin to pursue its strategic goals [3][13]. Group 3: Challenges and Risks - The acquisition faces significant challenges, including high valuation risks, as Blue Bottle's worth has likely increased since Nestlé's 2017 acquisition for approximately $425 million [4][14]. - Cultural integration poses a challenge, as Luckin's operational model differs significantly from Blue Bottle's emphasis on artisanal coffee and customer experience [4][15]. - Operational complexities arise from differing business models and supply chain management, which could hinder efficiency post-acquisition [4][15]. Group 4: Competitive Landscape - The coffee market in China is becoming increasingly competitive, with new entrants like Luckin's former executive's brand and aggressive pricing strategies from competitors [5][15]. - Luckin's profit margins are under pressure, with a reported 2.7% decline in net profit and a net profit margin of 8.26%, the lowest since 2022 [5][15]. - The global coffee industry is evolving, with major players like Starbucks expanding aggressively, indicating a shift from mere store count competition to brand positioning and capital strategies [7][17].