Core Viewpoint - The Finance Minister of Pakistan has proposed the implementation of taxes on online markets and e-commerce platforms to enhance government revenue [1] Group 1: Taxation Proposal - The suggestion aims to regulate the growing e-commerce sector in Pakistan, which has seen significant growth in recent years [1] - The proposal is part of broader fiscal measures to address the country's economic challenges and improve tax collection [1] Group 2: Economic Context - The e-commerce industry in Pakistan has been expanding rapidly, indicating a need for regulatory frameworks to ensure fair taxation [1] - The government's focus on taxing digital platforms reflects a global trend where countries are increasingly looking to capture revenue from online businesses [1]

A股三大指数早盘涨跌不一，截至午盘，沪指涨0.11%，深成指跌0.23%，创业板指跌0.36%，北证50指 数跌0.12%。全市场半日成交额8082亿元，较上日缩量304亿元。全市场超3300只个股飘绿。 板块题材上，创新药、固态电池、足球概念板块涨幅居前；军工、机器人板块跌幅居前。 盘面上，创新药概念再度爆发，昂利康、哈三联、众生药业、赛升药业涨停。足球概念持续活跃，共创 草坪7连板，康力源、粤传媒涨停。固态电池板块走强，龙蟠科技、金银河、德新科技涨停。军工板块 领跌，捷强装备、迈信林跌超9%，机器人概念股走低，兆威机电、德马科技跌幅居前。 "聪明钱"流向曝光！暗盘资金破解主力操盘密码>> 涨停天梯榜： 【7连板】 共创草坪。 【2连板】 澳洋健康、粤传媒、联化科技、众生药业、康力源、旭光电子、永安期货、北矿科技、苏州 龙杰、曲美家居、吉华集团、甬金股份。 最强风口榜： NO.1 【电子商务】 板块内10家涨停，7只连板股，最高连板数为7天7板，涨停股代表：共创草坪、康 力源。 NO.2 【西部大开发】 板块内8家涨停，3只连板股，最高连板数为5天5板，涨停股代表：易明医药、德 新科技。 NO.3 【数字经 ...

Core Insights - Village Super Market, Inc. reported a decline of 1.7% in its shares following the earnings report for the quarter ended April 26, 2025, underperforming the S&P 500 index which gained 1.1% during the same period [1] - Despite the short-term reaction, the stock saw a 3.7% increase over the past month, slightly outperforming the S&P 500's 3% gain, indicating investor confidence in the company's performance [1] Financial Performance - For the fiscal third quarter, earnings per share for Class A common stock increased to 75 cents from 60 cents a year earlier [2] - Sales rose 3.2% year over year to $563.7 million from $546.4 million, driven by a 1.9% increase in same-store sales [2] - Net income reached $11.2 million, marking a 24% increase from $9 million a year ago, while adjusted net income was $11.6 million, up 21% from $9.6 million in the prior-year period [3] Business Metrics - Same-store digital sales surged 10% during the quarter, reflecting the company's success in expanding its online presence [4] - Gross profit as a percentage of sales rose slightly to 28.8% from 28.6% in the year-ago period, attributed to higher patronage dividends and rebates from Wakefern Food Corp. [4] - Operating and administrative costs as a percentage of sales fell to 24.8% from 25.2% last year, driven by lower employee-related expenses and advertising costs [5] Management Commentary - Management highlighted that digital sales growth, remodeled store performance, and pricing dynamics in key grocery categories contributed to the positive results [6] - The strategic focus on e-commerce and targeted capital spending to enhance store competitiveness was emphasized [6] Influencing Factors - Internal initiatives and external economic conditions shaped the third-quarter outcomes, with digital sales growth and inflationary trends in food categories bolstering same-store sales [7] - Recent physical store upgrades contributed to improved traffic and basket size, while Wakefern's rebates and lower LIFO charges cushioned the effects of product mix changes and increased promotions [7] Operational Efficiency - Operating efficiency gains contributed to profitability expansion, with management maintaining tight control over discretionary spending [8] - Despite inflation in certain cost categories, Village managed to deliver better adjusted operating margins [8] Developments - The company opened a 72,000-square-foot ShopRite replacement store in Watchung, NJ, on April 9, 2025, following another replacement store opening in Old Bridge, NJ, in March 2024 [10] - These new stores are expected to enhance customer experience and drive foot traffic, with the company now operating 34 supermarkets under the ShopRite and Fairway banners, along with three Gourmet Garage specialty stores in New York City [10]

据参考消息网报道，马来西亚前总理马哈蒂尔在 "亚洲的未来" 年度论坛上称中国不会轻易被美国击败。他 还抨击特朗普的关税政策令自身陷入孤立，预言美国将在3个月内被迫取消关税。 马哈蒂尔的这番话掷地有声。他说，美国越来越保守的政策取向没办法阻止中国的发展势头。美国打关税 牌，把整个世界当成 "假想敌"，到头来自己陷入孤立不说，生活成本还被抬高，自己人倒先吃上亏。这哪 是阻挡别国发展的架势，分明是自己给自己 "使绊子"。 马哈蒂尔资料图 再看中国，存在时间比美国长得多，是少数延续至今的古老文明之一。中国人勤劳又技能娴熟，坐拥全球 最大的消费市场，产业链条完整，技术储备扎实，整体市场规模比欧美加起来还大，有技术能耐也有底气 去抵御经济增长放缓。这么一看，美国想靠点小手段就拖垮中国，根本不现实，中国根本不是那么好对付 的。 马哈蒂尔还对美元在全球金融体系里一家独大表示担忧，觉得世界该转向以黄金为基础的新型国际货币， 用于贸易结算。 马哈蒂尔资料图 军事领域，美国一年军费超 1 万亿美元，中国国防预算按汇率算约 2530 亿美元。可中国在航天工程、人 工智能、电子信息技术这些军事技术方面突飞猛进，军事实力一步步往上走。 ...

欧盟委员会副主席谢夫乔维奇：我们所有的自由贸易协定都需要升级，因为在之前电子商务还不那么突 出。 ...

Financial Data and Key Metrics Changes - Nordson's Q2 fiscal 2025 sales were $683 million, up 5% from $651 million in Q2 fiscal 2024, driven by an 8% increase from the Atrion acquisition, offset by a 2% organic sales decrease and less than 1% unfavorable currency translation [10][11] - Gross profit was $374 million, maintaining a consistent 55% of sales, with EBITDA adjusted for restructuring and integration costs at $217 million or 32% of sales, a 7% increase year over year [10][11] - Net income totaled $112 million or $1.97 per share on a GAAP basis, with adjusted earnings per share at $2.42, slightly above guidance and a 3% increase from the prior year [11][12] Business Line Data and Key Metrics Changes - Industrial Precision Solutions sales decreased 8% to $319 million, with an EBITDA of $114 million or 36% of sales, a 12% decrease year over year [12][13] - Medical and Fluid Solutions sales increased 20% to $203 million, driven by the Atrion acquisition, with EBITDA at $77 million or 38% of sales, a 22% increase from the prior year [14][16] - Advanced Technology Solutions sales rose 18% to $161 million, with EBITDA of $40 million or 25% of sales, a 43% increase year over year [16][17] Market Data and Key Metrics Changes - The company experienced solid order entry and backlog growth, particularly in semiconductor and electronic applications, with a 5% increase in backlog since the last quarter [5][22] - Destocking trends in the medical interventional product lines are expected to lessen as the year progresses, with positive order entry momentum noted [16][60] Company Strategy and Development Direction - Nordson is focusing on divesting select product lines within its medical contract manufacturing business to concentrate on higher value growth opportunities, which is expected to be accretive to margins post-sale [8][39] - The company is executing a balanced capital deployment strategy, including share repurchases totaling $85 million and $44 million in dividends, while maintaining a debt leverage ratio of 2.4 times [7][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in managing current tariff levels without material impact on results, while monitoring potential effects on end market demand due to trade uncertainties [20][90] - The outlook for Q3 fiscal 2025 sales is projected to be between $710 million and $750 million, with adjusted earnings forecasted at $2.55 to $2.75 per diluted share [25][26] Other Important Information - The Atrion integration is performing above expectations, contributing positively to sales and margins [6][10] - The company is investing in organic growth, including expanding manufacturing capacity in India and transitioning to a new facility in South Carolina [23][24] Q&A Session Summary Question: Trends for the rest of the year and major verticals - Management noted solid order entry in the ATS business, driven by investments in computing power, and positive trends in MFS and IPS segments, with automotive remaining a headwind [31][35] Question: Size of the contract manufacturing divestiture - The divestiture represents roughly 4% of year-to-date sales in the medical segment, expected to be accretive to margins post-sale [39][40] Question: Consistency of growth in ATS - ATS is inherently lumpy, but management sees strong order entry patterns and expects growth to contribute positively to organic growth [48][52] Question: Destocking in interventional medicine - Destocking is reducing, with expectations for gradual recovery to normal demand growth rates, supported by strong pipeline projects [56][60] Question: Margin performance in ATS - Margin performance is expected to be different due to higher innovation investments, but structural changes have improved the margin profile [64][66] Question: Outlook for European machine builders - Positive customer conversations indicate potential for organic growth in the adhesive dispense business in the back half of the year [114][116]

Market Overview - The three major A-share indices collectively declined in the morning session, with the Shanghai Composite Index down 0.33%, the Shenzhen Component Index down 0.87%, and the ChiNext Index down 0.98% [1] - The total market turnover for the half-day was 626 billion yuan, a decrease of 34.9 billion yuan compared to the previous day [1] - A total of 3,500 stocks in the market were in the red [1] Sector Performance - Beverage manufacturing, cultivated diamonds, and IP economy sectors led the gains, while the innovative drug sector experienced the largest declines [2] - New consumption concepts showed strong performance, with health drinks, leisure foods, jewelry, and IP economy sectors performing well, leading to multiple stocks hitting the daily limit up [2] - Notable stocks that reached the daily limit up included Chuangyuan Co., Keta Bio, Youyou Foods, and Mingpai Jewelry [2] Hot Stocks and Trends - The top-performing stocks included Huide Technology with five consecutive limit ups, and Zhongchao Holdings and Shangwei Co. with four consecutive limit ups [5] - The strongest sectors included e-commerce, cross-border e-commerce, and western development, with multiple stocks hitting limit up in these categories [7][8][9] - The new consumption sector has been gaining attention, with stocks like Yujing Health and Kuaijishan performing strongly [10] Autonomous Driving Sector - The autonomous logistics vehicle concept was active, with stocks like Kexin Intelligent, Yunnei Power, and Tongda Electric hitting limit up [11] - Several autonomous driving companies have completed new rounds of financing, indicating growth in the sector [11] Innovative Drug Sector - The innovative drug sector is gaining traction, with companies like Huawen Pharmaceutical and Sanofi Guojian showing strong performance [13] - A report from CITIC Securities highlighted that Chinese pharmaceutical companies are rapidly advancing in innovative research and development [13]

Group 1 - The international passenger numbers in the US are expected to decline by 8.7% this year due to tariff policies and other factors [17] - The report indicates that US tariff threats may lead to a decrease in Germany's GDP [17] Group 2 - China's e-commerce achieved stable growth from January to April [8] - In April, the total turnover of air transportation maintained double-digit growth [9]

"在'阿治曼2030愿景'框架下，我们积极向中国市场推介我们的经济和投资政策。"日前，阿联酋阿治 曼商会总干事萨利姆·苏瓦迪接受人民网采访时表示，阿治曼酋长国对中国合作伙伴持开放态度，希望在先 进技术、智能制造、清洁能源、未来城市、智能交通系统等关键领域吸引高质量投资。 阿联酋阿治曼商会总干事萨利姆·苏瓦迪。受访者供图 苏瓦迪关注中国式现代化取得的发展成就，他表示，2024年中国国内经济生产总值首次突破130万亿 元人民币，这一成就令人瞩目，体现出中国经济的强劲、韧性和多样性。"中国加大对创新和技术的投入 力度，为各领域合作开辟了广阔前景。" 阿治曼酋长国位于阿拉伯联合酋长国西海岸，毗邻主要港口和机场，地理位置优越。苏瓦迪介绍，近 年来，阿治曼与中国合作取得了长足发展，其中阿治曼中国城被认为阿联酋北部酋长国中最受欢迎的商业 和零售目的地之一。中国港湾承建的阿治曼滨海路开发项目，为当地居民和游客打造了更加美丽舒适的海 滨休闲区。 谈及中阿未来合作潜力，苏瓦迪认为，阿中两国在新兴或潜在领域的共同发展机遇巨大，数字化转 型、以人工智能为代表的先进技术、智慧城市解决方案以及电子商务等都会成为双方进一步合作的增长 点。 ...

"发展绿色经济是中国和中东欧国家的共同追求，也是双方创新合作的重要组成部分。我们将深化农 业、制造、通信、技术研发等传统领域合作，拓展数字经济、电子商务、金融科技、智慧城市等领域合 作，加大中国-中东欧国家经贸合作示范区、产业园建设力度。"于健龙表示，中国-中东欧国家联合商 会将以共享绿色发展新机遇为导向，引导双方企业加强跨境电商等新业态新模式合作，提升产业链合作 水平，深化绿色经济、清洁能源等领域合作，扩大风能、太阳能等清洁能源联合开发，为中国-中东欧 国家合作增添绿色动能。 主题为"向新向实向未来"的第四届中国—中东欧国家博览会暨国际消费品博览会将于5月22日在宁波开 幕。博览会举办前夕，中国-中东欧国家联合商会宁波会议5月21日下午举行。中国贸促会副会长于健龙 表示，2024年，中国-中东欧国家贸易额达到1423亿美元，创历史新高，同比增长6.3%，呈现出旺盛的 生机活力。中国贸促会将与中东欧国家商协会一道，在中国-中东欧国家联合商会框架下，共同打造一 批品牌对接平台，帮助双方企业积极挖掘新的贸易增长点，拓展汽车、家电等机电产品和优质消费品贸 易，发展装备制造等高附加值产品贸易，合作建设农产品批发市场， ...