9月12日上午，2025深圳国际智慧养老产业博览会暨"兴业银行杯"首届深圳康养机器人大赛在深圳会展 中心(福田)开幕。展会以"科技赋能，激发银发经济新动能"为主题，设立7大特色展区，覆盖智慧居 家、智能服务机器人及康复辅具、智慧医疗等多个领域，让观众近距离、沉浸式感受科技重塑老年生活 的品质与内涵，展现出深圳正以科技赋能应对人口老龄化挑战，打造智慧养老产业高地。 作为国内养老金融先行者，兴业银行深耕养老金融业务领域十余载，自2012年推出"安愉人生"综合服务 方案，该行持续发挥集团化优势，打造养老产业金融产品体系，加大对养老产业企业的支持力度，贯彻 落实服务银发经济的社会责任，谱写具有兴业特色的养老金融大文章。截至2025年6月末，该行已支持 养老设施建设、养老照护服务等多个重点领域典型项目，开立个人养老金账户超721万户，服务50岁以 上客户超2800万。 本届展会由深圳市委老干部局、深圳市民政局指导，深圳市养老服务发展促进会、深圳国际智能养老产 业博览会组委会联合主办，兴业银行深圳分行独家冠名。 作为首席融资顾问，兴业银行深圳分行为大会提供全流程专业咨询，并与深圳龙头养老国企、参赛企 业、参展养老企业和投 ...

Core Insights - The third Xi'an International Elderly Care Industry Expo will be held from September 19 to 21, featuring over 500 domestic and international companies in a 32,000 square meter exhibition area [1] - The expo will include 15 high-level industry conferences and thematic activities focusing on topics such as silver economy development, integrated medical and elderly care practices, and smart elderly care innovations [1] Group 1: Exhibition Highlights - The "Smart Elderly Care Zone" will showcase innovative technologies addressing the pain points of elderly living, including health monitoring and AI management [2] - A standout product is the intelligent companion robot capable of health diagnostics and emotional interaction, addressing various elderly care needs [3] - The AI holographic health bed integrates multiple technologies to enhance sleep quality and monitor vital signs, allowing elderly individuals to enjoy health management while resting [4] Group 2: Product Innovations - Smart glasses designed for the elderly will address vision and hearing challenges, featuring dual-focus lenses and integrated communication functions [5] - A variety of rehabilitation toys aimed at enhancing cognitive and motor skills for the elderly will be presented, including games that promote hand-eye coordination and mental engagement [6] Group 3: Elderly Care Institutions - Nearly 100 star-rated elderly care institutions will participate, providing families with a guide to selecting suitable care options, including community day care centers and high-end nursing homes [7] - Institutions will offer one-on-one consultations and exclusive discounts for attendees, enhancing the appeal of the expo for families seeking care solutions [7] Group 4: Welfare and Benefits - The expo will distribute 30,000 copies of the "Shaanxi Province Elderly Culture Series" books to attendees, covering various aspects of elderly care and health management [8] - Attendees can participate in a lottery with prizes up to 500,000 yuan, encouraging pre-registration and engagement [9] Group 5: Transportation and Attendance - The organizing committee has optimized transportation options for attendees, including free parking and shuttle services from public transport stations [10] - Online pre-registration has surpassed 20,000, with expectations of over 50,000 visitors during the expo [11]

康镇麟强调，人口老龄化是社会发展的重要趋势，要坚定信心，面对国家战略机遇和巨大市场红利，扛 牢发展养老事业、健全养老服务、培育壮大银发经济的时代使命。要正视不足，加快补齐产业发展不 优、有效供给不足、创新动力不强等短板。要协同发力，抢抓"十五五"规划编制契机，科学谋划养老产 业发展布局，梳理采纳各方建议，建立政府搭台引导、企业内外兼修的产业生态，共同推动长沙银发经 济高质量发展。 发展银发经济是积极应对人口老龄化的突破口。9月18日，长沙市推动银发经济高质量发展座谈会 举行，围绕提高老年人生活品质，培育经济发展新动能等话题深入探讨。副市长康镇麟出席。 长沙现有60岁以上常住人口177.72万人，65岁以上常住人口119.02万人，分别占常住人口总量的16.7% 和11.2%。当前，全市养老产业基础初具规模，老年人生活保障、健康服务、精神文化等需求持续增 长，银发经济发展前景广阔。会上，高校专家学者和来自研发生产、运营服务、金融支持领域的企业代 表围绕银发经济发展趋势、要素支撑、当前短板等深入分析，提出建议。有关市直部门作回应交流。 ...

Group 1: Company Performance and Strategy - The company held a half-year performance briefing on September 18, 2025, to discuss its financial results and future strategies [1] - The company's profit for the first half of 2025 increased from 27.2% in 2024 to 48.20%, driven by sustained sales growth in joint health medications and reduced losses from a previously underperforming subsidiary [2][3] - The company aims to focus on the "marine biomedicine" and "silver economy" sectors as core growth engines, leveraging opportunities from consumer upgrades and increased health awareness [2][5] Group 2: Product Development and R&D - The company has made significant progress in its health industry strategy, obtaining multiple key licenses for health food production and expanding its product offerings [2][3] - The company is advancing the development of its new drug, Eicosapentaenoic Acid Ethyl Ester soft capsules, which has received a Class 4 drug registration certificate [2][3] - The company plans to enhance its R&D efforts, with a focus on marine drugs, elderly medications, and other therapeutic areas, despite a 14.58% decrease in R&D expenses in the first half of 2025 due to payment timing [6][7] Group 3: Market Position and Competitive Advantage - The company is a leading manufacturer of glucosamine hydrochloride in China, benefiting from a comprehensive supply chain that includes both raw material and formulation production [7][8] - The company has established a competitive edge through product positioning, market presence, and cost advantages, allowing it to expand its market share across 30 provincial regions in China [7][8] - The company is committed to developing high-end niche products in marine medicine and major disease treatments, aiming for a market capitalization of 10 billion and a century-long legacy [5][6] Group 4: Future Outlook and Challenges - The company is focused on building a robust marine drug development system, integrating existing resources to expand its product line and enhance market competitiveness [3][4] - The company acknowledges the challenges in the marine medicine sector, including extraction technology and regulatory requirements, while aiming to create a differentiated product matrix [4] - The company is also adapting to the normalization of centralized procurement policies by diversifying its product range and improving quality to enhance market competitiveness [5][6]

近年来，浙江农商银行系统全面加强与全省各级地方组织部门、老干部工作系统、民政系统等政府部门 合作，以深化党建联建为纽带，以升级养老服务网络、打造"老年友好型银行"为抓手，推动惠老服务和 养老金融共赢发展。 近年来，浙江农商银行系统全面加强与全省各级地方组织部门、老干部工作系统、民政系统等政府部门 合作，以深化党建联建为纽带，以升级养老服务网络、打造"老年友好型银行"为抓手，推动惠老服务和 养老金融共赢发展。 深度融合"党建+金融" 共同探索银色家园共建 联合省委组织部、省委老干部局，密切与老干部工作系统联系，推动老干部工作和养老金融工作双向发 力。一是开展体系化战略合作。在2019年与省委组织部联合发文推行党建联建基础上，2020年6月，与 省委老干部局签订战略合作协议，充分发挥组织优势，有效整合双方资源，共同推动建设银色家园、服 务银发人才等体系化合作，目前共有10个地市管理部、81家行社与当地老干部工作部门开展战略合作。 二是健全常态化落实机制。强化考核引领，将共建银色家园纳入全系统年度党建工作要点、行社党委落 实党建工作责任制考核和党组织书记抓党建述职评议。建立常态会商交流、协同推进机制，协办全省银 色 ...

近年来，作为世界上最大的银发消费市场，"银发服务业"日渐成为银发经济的重要组成部分。数据显 示，今年上半年，老年旅游服务收入同比增长26.2%，反映出银发群体正从"养老"转向"享老"，悦己属 性更加凸显。而银发研学旅游的异军突起，正成为旅游从业者眼中的新蓝海。这种以"边游边学"为核心 的新型养老方式，也成为中国银发群体丰富退休生活、消费体验升级的生动注脚。而其更深层，是银发 旅游正在经历从"走马观花"到"深度体验"、从"独自出行"到"社群结伴"的深刻转型。 其次在企业层面，要聚焦产品创新与高端化升级。由于银发研学旅游既有独特的旅游属性，又有较强的 教育功能，因此课程内容需贴近生活，注重加入传统文化、科技创新、养生健康等银发群体关注的主 题，满足其对知识和生活品质的追求。此外，教学形式也要丰富多样，注重体验和互动，并通过有一定 挑战性任务的完成获得认证证书，增强研学的仪式感与参与感。同时，研学的社交属性是重中之重。放 慢旅行的节奏，组织高品质社交活动，引导银发旅游者更加关注旅行的质量，助力拓展"趣缘"人际关系 圈层，以高品质支撑起高端定位。 银发研学不仅为银发群体提供了一种新的生活方式，更打破了"老年 人只能静 ...

本报北京9月17日电 （记者李心萍）记者从中国国家铁路集团有限公司获悉：今年1至8月，全国铁路发 送旅客32亿人次，同比增长6.7%，创历史同期新高；全国铁路日均安排开行旅客列车11127列，同比增 长7.7%，全国铁路运输安全平稳有序。 跨境客运方面，1至8月，广深港高铁、中老铁路分别发送跨境旅客2115万、17.4万人次；旅游列车方 面，1至8月全国铁路累计开行旅游列车1551列，同比增长26.1%，较好地服务了旅游经济、银发经济发 展。 重点物资运输保障有力。铁路部门发挥大秦、浩吉、兰新铁路等重点能源通道作用，精心组织西煤东 运、北煤南运、疆煤外运，有效助力各地迎峰度夏。1至8月，国家铁路发送煤炭13.8亿吨，其中电煤9.4 亿吨，铁路直供电厂存煤保持较高水平。 跨境货物运输稳定畅通。与国内海关部门、境外铁路部门加强沟通协调，推动"数字口岸"建设，提升口 岸运输效率和通关便利化程度，中欧班列、中亚班列、西部陆海新通道班列、中老铁路跨境货物列车保 持稳定开行，跨境运输高效畅通，有力促进了国际经贸往来。 《 人民日报 》（ 2025年09月18日 12 版） (责编：牛镛、袁勃) 关注公众号：人民网财经 又 ...

9月16日至17日，第八届中国养老行业陆家嘴峰会在上海国际会议中心隆重举行。 当前，我国正加速迈入深度老龄化社会，随之带来消费模式、产业布局和社会保障体系的系统性变革。 必须认识到，现阶段我国高质量养老服务供给仍不足，同时缺乏成熟模式可资借鉴。 作为养老服务体系的重要一环，保险公司如何发挥险资长期资金优势，将养老需求转化为产业升级动 能，成为检验险企战略定力与创新势能的试金石。基于对中国家庭现实养老需求与真实痛点的深刻洞 察，大家保险"城心养老"模式应运而生。 记者在参观过程中注意到，从认知症楼层的记忆盒、无障碍平移门，到自理区域的智能护理床、全屋智 能家居系统，从防滑无高差地面到圆角家具设计，每一处适老化细节都体现出了对长者的关怀。 与此同时，大家保险旗下养老品牌"大家的家"正式宣布启动"城心养老生态联盟"。杨宽表示，养老产业 的蓬勃发展离不开生态系统的构建，联盟的成立将为成员提供一个集资源整合、技术共享、市场拓展、 品牌共建于一体的综合平台。通过与品质供应链合作伙伴的紧密合作，将确保"城心养老"产品和服务的 高品质；通过与智能创新伙伴的携手，将加速养老科技的研发与应用。 "在这里，长者既可以享受便捷的城市 ...

Investment Rating - The report maintains a positive outlook on the travel industry, particularly on Ctrip, with a target price of $82 based on a 20x PE for 2026 N-GAAP OP of 20.851 billion RMB [4]. Core Insights - The global travel market has recovered to pre-pandemic levels, with a significant increase in inbound tourism driven by visa-free policies, showing a 15.8% year-on-year growth in inbound visitors in the first half of 2025 [3][7]. - The hotel industry is facing an oversupply, with a supply growth rate of 11.8% in the first half of 2025, leading to a potential 2-3 year period for inventory digestion [3][11]. - Ctrip is focusing on enhancing hotel efficiency and creating new demand scenarios, such as inbound tourism and performance markets [3][4]. - The importance of membership ecosystems is emphasized, as loyalty programs significantly influence the travel behavior of the new generation of travelers [3][7]. - AI applications in the travel industry are on the rise, with over 64% of consumers having used AI for travel planning, although concerns about data security and decision transparency remain barriers [3][15]. Summary by Sections Global Travel Market - The global travel market has returned to pre-pandemic levels, with online penetration rates continuing to rise. Inbound tourism saw a 15.8% increase in visitor numbers in the first half of 2025, with visa-free visitors growing by 53.9% [3][7]. - The demand for outbound travel is also recovering, with short-haul outbound travel increasing by 38.1% and long-haul by 22.3% [3][7]. Hotel Industry - The hotel industry is experiencing oversupply, with a 11.8% growth in hotel supply in the first half of 2025. Ctrip's CEO suggests that it may take 2-3 years to digest this inventory [3][11]. - Major hotel groups like Huazhu, Jinjiang, and Shoulv are focusing on deepening domestic market operations, with Huazhu making progress in Southeast Asia [3][11]. Ctrip - Ctrip is implementing strategies to help hotels improve efficiency and create new demand scenarios, such as inbound tourism and performance markets [3][4]. - The company is also enhancing its marketing efforts in overseas markets to capture the spending mindset of inbound foreign tourists [4]. Membership Ecosystem - The loyalty programs are increasingly influential among younger travelers, with 15-20% of the younger generation willing to spend more for membership upgrades [7]. AI Applications - AI is being increasingly utilized in the travel industry, with 64% of consumers having used AI for travel planning. However, issues like data security and decision transparency are still significant concerns [15].

Group 1: Nutritional Functional Food Industry - The nutritional functional food industry in China is experiencing rapid growth, with a market size projected to reach 522.3 billion yuan in 2024 and 720.3 billion yuan by 2029, representing a CAGR of 6.6% from 2024 to 2029 [2][7] - The market for nutritional functional foods specifically is expected to grow from 233.1 billion yuan in 2024 to 349.9 billion yuan in 2029, with a CAGR of 8.5% [7][8] - The industry has established a complete supply chain, including upstream raw material suppliers, midstream manufacturers, and downstream distributors [8][9] - Key companies in the North Exchange related to this industry include Kangbiter, Wuxi Jinghai, and Hengmei Health, each occupying different positions in the supply chain [9] Group 2: PEEK Material Industry - The PEEK material market in China is projected to reach 1.455 billion yuan in 2024, with a year-on-year growth of 21.14% [11] - PEEK materials are widely used in critical components across automotive, electronics, and aerospace sectors, with automotive manufacturing accounting for 27% of global PEEK consumption [11] - The competitive landscape for global PEEK production is characterized by a few strong players, with the UK-based Victrex being the largest producer [11] Group 3: Electronic Industry - Kangguan Technology - Kangguan Technology reported a revenue of 6.935 billion yuan in the first half of 2025, a year-on-year increase of 5.06%, with a net profit of 384 million yuan, down 6.03% [16][17] - The company plans to distribute a cash dividend of 3.60 yuan per 10 shares, reflecting a dividend payout ratio exceeding 65% [16] - The growth in innovative display products is notable, with a revenue increase of 39.16% in the first half of 2025 [17] Group 4: Pharmaceutical Industry - Sanofi Pharmaceutical - Sanofi Pharmaceutical achieved a revenue of 4.355 billion yuan in the first half of 2025, a slight decline of 1.07%, while the net profit increased by 19.13% to 1.358 billion yuan [20][21] - The company’s overseas revenue grew by 70%, with a presence in over 35 countries [21][22] - The company has a rich pipeline of clinical trials, with significant potential for future growth [22][23] Group 5: New Consumption - Chaohongji - Chaohongji has submitted an application for H-share listing, which is expected to enhance its global strategy and brand image [24][25] - The company has expanded its international presence by opening stores in Malaysia, Thailand, and Cambodia, with two stores in Cambodia as of the first half of 2025 [24][25] - The brand is focusing on younger consumers, with a significant portion of its customer base being from the post-80s to post-00s generation [26]