未经许可，不得转载或者引用。 投资要点 华为汽车业务核心竞争力来源于【华为价值观：以客户为中心+以奋斗者为本+以价值为 纲】。 区别于其他车企，华为汽车业务是依托于其ICT领域的技术底座，而且从方法论角度华为是具 备三大体系化能力【IPD（研发）+ISC（供应链）+IPMS（营销与销售）】。这些能力的构建 是华为以通信行业起家经历了"从模仿创新到引领创新"的蜕变，而且从通信到手机业务的成功 复制。 华为在汽车行业的定位我们认为是"帮助车企造好车、卖好车"。 智选模式和HI模式我 们认为最终都是殊途同归，借助华为强大的技术底座能力去赋能中国车企做大做强。 复盘总结2020-2025年华为汽车业务：智选模式发展好于HI模式。 背后原因在于过去5年汽车接受智能手机方法论洗礼的阶段（或理解为降维打击），智选模式 华为与合作伙伴（以赛力斯为代表）的效率是最高，且成功抓住了汽车高端市场的发展契机。 而智选模式内部的差异来源于：越高端市场对原创新要求越高，颠覆外资品牌难度系数越大， 或需要更多时间的沉淀。 展望2025-2030年华为汽车业务：打造算力-算法-数据的商业闭环。 未来5年汽车是智能化时代，智能汽车不是简单的智 ...

核心运作：五维精密协作系统 1. 智能入库——供应链第一道防线 整柜入库实现48小时拆柜清关，散货入库24小时极速上架。通过激光扫描全覆盖与30%称重抽检，配合AI体积测算技术，将入库误差率压缩至0.1%以下，为 后续环节奠定精度基础。 2. 动态仓储——空间与效率的平衡术 基于SKU热销指数动态分区，使存储密度提升50%。恒温仓、防静电仓等专业存储方案覆盖3C、奢侈品等敏感商品，货损率降低至传统仓储的1/3。 3. 智能分拣——订单履约中枢 • 零售订单：AGV机器人结合电子标签拣货，人效突破300单/小时 • 批量中转：FBA预贴标服务缩短入仓周期72小时 全球跨境电商市场正以年均18%的增速扩张（Statista 2025预测），而海外仓使用者物流时效提升67%、退货率下降40%的行业数据，昭示其已成为国际电商 的基础设施。 51 100000000000 0 5 item 200000000 1 日 l 2010 A 日日报 r HINDHO - HILLEY 日期 in RE LE BOLLER 1 t #(2) Ho a (2) ERP系统直连20余个电商平台，订单错发率低于万分之五 4. 三维盘 ...

Core Viewpoint - Chengdu aims to enhance consumer vitality by creating more engaging, experiential, and trendy consumption scenarios through the optimization of consumption spaces, enrichment of supply, and innovation in consumption models [2] Group 1: Consumption Space and Supply - Chengdu will establish a four-tier system comprising key business circles, commercial streets, characteristic towns, and unique consumption scenarios, focusing on upgrading major commercial areas like Chunxi Road and Jiaozi Park to world-class standards [3] - The city will promote the transformation of cultural and sports landmarks into composite consumption landmarks, integrating commercial consumption with artistic appreciation and sports activities [3] Group 2: Year-Round Consumption Seasons - Chengdu plans to innovate attractive consumption scenarios by incorporating performing arts, sports, and entertainment, as well as creative installations and themed exhibitions to enhance the consumer experience [4] - The city will launch various cultural and tourism products, emphasizing the integration of culture and intangible heritage, while fostering new consumer brands and products under the "Guochao" (national trend) concept [4] Group 3: Economic Initiatives and Events - Chengdu aims to introduce over 800 new stores and host more than 200 high-profile events this year as part of its three-year action plan for the "first launch economy," focusing on original design and product releases [5] - The city will expand the "ticket root economy" alliance to enhance consumer experiences across dining, accommodation, travel, shopping, and entertainment, while also innovating in digital consumption through AI and robotics [5]

Core Insights - The article highlights the transformation of Yonghui Supermarket in Zhengzhou, which adopted the "Fat Donglai model" and achieved significant sales growth, with the first-day sales reaching 1.88 million yuan, 13.9 times higher than before the transformation [1][8][10] - Zhengzhou has been identified as a strategic location for this transformation due to its large population and economic potential, making it a key area for Yonghui's expansion [3][4][7] Group 1: Transformation Details - The transformation began in June 2023, with the Zhengzhou store undergoing a 19-day renovation, leading to a remarkable sales increase [8][10] - The store reduced 81.3% of its original product offerings, aligning 90% of its new product structure with that of Fat Donglai, introducing popular items to attract customers [10][12] - Employee welfare improvements included raising base salaries from 2,500 yuan to 4,500 yuan and providing additional benefits, enhancing employee satisfaction and service quality [10][12] Group 2: Market Performance - Zhengzhou's retail sales reached 588.46 billion yuan in 2024, with a year-on-year growth of 4.7%, positioning it as the second-largest consumer city among central provincial capitals [4] - From January to May 2024, retail sales totaled 276.3 billion yuan, with May alone seeing an 8.7% increase year-on-year [4] - The store's average daily customer flow remains stable at approximately 8,000 to 10,000, indicating sustained interest post-transformation [12] Group 3: Expansion and Future Plans - The transformation model is being replicated across over 100 stores nationwide, with significant increases in customer traffic and sales reported [13][17] - Yonghui plans to expand the "Fat Donglai model" to 178 stores by August 2024, covering 66 cities, with a long-term goal of transforming 300 stores by early 2026 [17] - The company is also focusing on training core store managers to enhance operational capabilities, ensuring the successful implementation of the transformation model [15][17]

Core Points - Beijing Xingliao Catering Management Co., Ltd. has become the first company in Beijing to obtain a business license using a residence use certificate issued by the cultural tourism department, successfully entering the Dabaotai Ruins Museum [1] - Fengtai District has implemented measures to streamline the process for catering businesses to operate in public cultural venues, addressing long-standing issues related to property rights and complex approval processes [1] - The new mechanism allows businesses to use a residence use certificate instead of complicated property documents, significantly reducing processing time and enhancing access for market participants [1] Company and Industry Insights - The Dabaotai Ruins Museum has seen a considerable daily visitor flow, highlighting the urgent demand for convenient dining services among tourists [2] - The new policy has not only resolved registration challenges but also enabled the museum to quickly introduce quality catering service providers, enhancing the overall cultural and leisure experience for visitors [2] - The North Palace National Forest Park has also benefited from the new policy, with its tea café being the first catering service to obtain a business license through the park management center's residence use certificate [2]

Core Insights - The "2024 Yanjing Beer Carnival" in Rudong has successfully attracted significant consumer traffic and engagement, leveraging the excitement of grassroots football events [1][9] - The carnival features a variety of food and beverage options, enhancing the overall consumer experience and driving sales [5][7] Group 1: Event Overview - The beer carnival took place on July 11, creating a vibrant atmosphere with lights and festivities along the Ru Tai River, attracting over 12,000 attendees and nearly 100,000 online viewers [7] - The event is scheduled to last for 10 days, with additional activities planned at different venues, including RV promotions and a talent night market [9] Group 2: Consumer Engagement - The food offerings included a massive 8-meter lobster pot, with 2,800 pounds prepared, indicating high demand as it sold out quickly [3][5] - The carnival featured over 30 types of food, with long queues at various stalls, showcasing the popularity of diverse culinary options [5][7] Group 3: Economic Impact - The total sales from beer and food reached 175,000 yuan, highlighting the event's contribution to local economic activity [7] - The event aims to create diverse consumption scenarios, benefiting the public while showcasing the integration of culture, commerce, tourism, and sports in Rudong [9]

Core Insights - The Chengdu Municipal Party Committee emphasized the deep integration of culture, commerce, tourism, and sports as a key focus during its recent meeting, with the Chengdu Cultural Tourism Group committed to enhancing its core business and supporting the city's development into a world-renowned cultural tourism destination and international consumption center [1][4]. Group 1: Integration Strategies - The Chengdu Cultural Tourism Group plans to promote the integration of "culture and tourism + transportation" by expanding experiential offerings such as the "Panda Special Train" and "Night Tour on Jinjiang River," along with new products like City Tour buses and low-altitude flights [3]. - The group aims to accelerate the "culture and tourism + performance" integration by launching immersive projects like "Wangjiang Menghua: Xue Tao's Chant" and "Water Dragon's Chant," as well as hosting international events like the ATP250 Chengdu Open to convert event traffic into consumer spending [3]. - The integration of "culture and tourism + technology" will involve creating a local smart consumption application platform that combines cultural tourism, events, and daily services, covering 8,500 consumption points and reaching 616,900 consumers [3]. Group 2: Resource Development and Partnerships - The Chengdu Cultural Tourism Group intends to leverage its position as a state-owned enterprise to attract more quality small and medium-sized private enterprises and leading domestic and international companies to participate in the integration of cultural and tourism development [4]. - The group will enhance the "Light and Shadow Tianfu: Filming in Sichuan" platform by collaborating with all 21 cities in Sichuan province to produce benchmark film projects, creating an ecosystem for "all Sichuan shooting, Chengdu production, global dissemination" [5]. - Plans include building a cultural IP matrix and collaborating with international IP operators to introduce major franchises like "Jurassic" and "Avatar," integrating local culture to launch high-profile cultural tourism projects [5].

在本届服贸会招展方面，已有超700家企业机构意向线下参展。德国、挪威、日本、世界知识产权组织 等50余个国家、地区和国际组织意向设展办会，各省区市及港澳台地区均将组团参会；主宾国澳大利亚 将组建参展服贸会以来最大规模展团，组织澳新银行、可画等世界500强和独角兽企业参展；主宾省安 徽将展示本地科技创新和服务业开放最新成果；整体国际化率超20%，覆盖22个服务贸易前30强国家和 地区。 在成果发布方面，已有阿里巴巴、施耐德、飞利浦、通用电器医疗等47家知名企业机构申请在本届服贸 会上发布70余项新技术、新成果 中国经济网北京7月12日讯（记者 周宇宁）今天是2025年中国国际服务贸易交易会（简称"服贸会"）开 幕倒计时60天，记者从北京国际服务贸易事务中心获悉，目前已征集14场主题论坛、76场专题论坛和50 场洽谈推介在服贸会上举办。已有超700家企业机构意向线下参展，其中京外企业占比超30%，240余家 为世界500强和行业龙头企业。 2025年服贸会将于9月10日至14日在北京首钢园区举办，聚焦服务贸易发展热点趋势，设置全球服务贸 易峰会、展览展示、论坛会议、洽谈推介、成果发布、配套活动等板块。 据了解，在 ...

Core Insights - The first "Longgang Good Products Cross-border Export Selection and Linkage Conference" was successfully held in Longgang District, Shenzhen, focusing on selecting quality products for cross-border e-commerce and facilitating efficient communication among over a hundred representatives from supply chain management, e-commerce platforms, manufacturing leaders, and financial service institutions [1][5] Group 1: Event Overview - The event showcased a variety of products from Longgang, including smart wearables, trendy IPs, and intangible cultural heritage handmade items, highlighting the region's manufacturing capabilities [3] - The "Overseas Display Base" was officially inaugurated, covering an area of 2,000 square meters, marking a new phase in providing one-stop services for enterprises looking to expand internationally [5] Group 2: Strategic Initiatives - The Longgang District has implemented a three-year action plan (2025-2027) aimed at creating a service cultivation area for enterprises going abroad, focusing on building a comprehensive service ecosystem and attracting quality cross-border e-commerce platforms and service providers [9] - The establishment of the "Longgang Good Products Promotion Officer Alliance" signifies a new level of resource integration, incorporating new employment groups like couriers and live streamers into the brand promotion system [7] Group 3: Future Plans - The Longgang District plans to deepen platform construction, expand service scenarios, and improve the cross-border service system, aiming to support local enterprises in entering international markets and promoting high-quality economic development [9]

Group 1 - Nvidia's market capitalization has surpassed $4 trillion, making it the first publicly traded company to reach this milestone, driven by the shift in AI competition from model training to practical application [9][12][15] - The company's stock price reached a historic high of $164.10 on July 10, 2025, reflecting a rapid increase from $1 trillion to $4 trillion in just two years [12][15] - Nvidia's dominance in the AI chip market is evident, with approximately 76% of the world's top 500 supercomputers utilizing its GPUs, and major tech companies relying on its high-end chips for AI model training [15][19] Group 2 - The AI application landscape is rapidly evolving, with a significant increase in AI usage among enterprises, rising from 20% in 2017 to 78% in 2024, leading to a substantial return on investment [21][22] - Companies are increasingly embedding AI into their core operations, with Microsoft reporting that 52% of enterprises are using Microsoft 365 Copilot, potentially generating an additional $25 billion in revenue by FY2026 [22] - The competition for AI talent is intensifying, as evidenced by Google's acquisition of the Windsurf team for $2.4 billion, highlighting the ongoing battle for skilled personnel in the AI sector [44][45] Group 3 - The demand for AI-driven applications is reshaping industries, with significant advancements in sectors like manufacturing and healthcare, where AI is optimizing processes and improving efficiency [26][27] - The focus of AI development is shifting from model training to inference, necessitating a robust infrastructure and energy supply to support the growing computational needs [30][31] - Major cloud providers are expected to invest $320 billion in infrastructure this year, with a significant portion directed towards Nvidia, indicating the critical role of AI services in the future [29][30]