历经二十一载岁月沉淀，新财富金牌董秘评选已成为中国资本市场极具权威性与公信力的标杆评选，不仅见证 了中国资本市场蓬勃发展的壮阔征程，更以专业视角镌刻下时代变革的深刻印记。金牌董秘群体凭借卓越的专 业素养与创新实践能力，持续优化上市公司治理、深化投资者关系管理，已然成为推动中国资本市场向高质量 发展迈进的一股重要力量。 值此新财富董秘评选二十一周年之际，诚邀历届金牌董秘，分享企业战略、发展历程与职业经验，以实战洞见 解构资本风云，共探行业发展逻辑。 0 1 佳禾食品董秘柳新仁的成长坐标 2004年，一个年轻人走进了苏州的一家食品企业，彼时，他的身份是一名采购经理；二十年后，他已 成为这家企业连接资本市场最重要的桥梁人物。 柳新仁，现任佳禾食品董事会秘书、副总经理、董事，在这家从"植脂末之王"到"健康食品先锋"不断 转型的企业中，见证了每一次蜕变，也亲手参与了每一个关键时刻。 虽然他没有闪亮的起点，但正是这种长期扎根与持续进化，使他在董秘这一复合型岗位上不断打开新 的边界。从幕后到台前，从业务到资本，从单点执行到战略联动，他用二十年的职业沉淀诠释了什么 是"董秘的长期主义"。 柳新仁职业生涯的关键转折点，出现在佳 ...

Core Viewpoint - The declaration by Great Wall Motors' president, Mu Feng, to "never engage in range-extended technology" signifies a commitment to long-term strategies over short-term gains in the automotive industry [1][4]. Group 1: Company Strategy - Great Wall Motors is choosing to focus on hybrid technology, which is more complex but aligns with long-term industry trends and consumer needs, rather than opting for the simpler, more popular range-extended technology [1][2]. - The company’s decision reflects a deep understanding of technological pathways, market demands, and policy directions, showcasing a balance between innovation and consumer expectations [1][4]. Group 2: Industry Context - Many automotive companies are currently adopting range-extended technology due to its lower technical barriers and higher market acceptance, driven by the success of brands like Li Auto and AITO [1][2]. - The industry is experiencing a trend of companies quickly following profitable technologies without a long-term vision, leading to homogenization and a lack of true innovation [3][4]. - Great Wall Motors' approach serves as a model for the industry, emphasizing the importance of strategic determination and technological confidence in navigating the evolving automotive landscape [3][4]. Group 3: Technological Insights - Hybrid technology, while more expensive and complex, offers superior user experience and aligns with energy-saving policies, making it a forward-looking choice for manufacturers [2][4]. - Great Wall Motors has invested significantly in core technologies such as traditional fuel engines, transmissions, and new energy batteries, which provides the foundation for rejecting shortcuts like range-extended technology [2][3].

把 " 聪 明 消 费 " 变 成 一 种 新 的 生 活 方 式 。 作 者 | 后 浪 & 潮 生 为什么我们越买! 却越不快乐? 毫无疑问，传统的消费习惯正在经历深刻的瓦解。 人们开始对看似高端的"大牌"祛魅 ，并对品牌附加的溢价变得 空前敏感 。 跳过层层加价的品牌渠道，追逐工厂源头，寻找"同厂同源"的平替好物成为一种消费策略，网络上关于各种"平替"的推荐更是铺天盖地。 同时， 海淘、代购、二手交易等购物渠道与购物方式也持续多样化。 年轻人们各显神通，试图用更经济的方式购买产品。 外部环境带来的复杂性更是不可忽略。 全球经济承压，叠加特定背景下的关税波动，许多进口商品的成本与定价都充满了不确定性。这 不仅增加了普通消费者对于进口商品涨价的焦虑，也让 原本清晰的价格体系变得模糊 。 在消费者对寻求国产替代品的期待下，市场中也涌现了大量优秀的国货品牌。 当我们面对海量的选择、波动的价格、以及无孔不入的营销推广时，我们作出消费选择、进行试错的成本变得异常高昂。 我们该如何穿越迷雾，找到那些真正被时间、被生活验证过的"好物"？ 或许，我们需要的不是加速"买"，而是放慢"选"。 不是追逐潮流，而是寻找经典的力量 ...

Core Viewpoint - Jiufang Zhituo Holdings (9636.HK) has been recognized as one of the "2025 Favorite Chinese Brands," highlighting its successful brand building and contribution to the digital transformation of enterprises in the financial technology sector [1][2]. Brand Development - The company employs a "technology + research" dual-driven approach to enhance its brand image, focusing on compliance, integrity, professionalism, and stability [2][3]. - Jiufang Zhituo has created popular educational content, such as the "Buffett and Seven Lunches" series, to make financial knowledge more accessible [3][5]. - The company has developed a matrix of original content, including "Research with Purpose," "One Read Jiufang," and "Jiufang Book House," to strengthen brand recognition and transition from a financial service provider to a financial knowledge ecosystem builder [5]. Cross-Industry Integration - Jiufang Zhituo has deepened its "finance + culture and sports" integration, promoting sports and fitness concepts through events like a 5-kilometer run that encourages value investing [6][7]. - The company has engaged with sports champions to embody the Olympic spirit in its investment philosophy, enhancing brand vitality [6][7]. Education and Talent Development - The company collaborates with universities to promote financial literacy and career development through initiatives like the "Jiufang Z Plan" and "Jiufang Career Day" [8]. - Jiufang Zhituo aims to cultivate new talent that understands both market dynamics and social responsibility [8]. Brand Culture and Social Responsibility - The company emphasizes the importance of brand culture and has contributed to social responsibility initiatives, such as supporting educational institutions and pandemic relief efforts [11]. - Jiufang Zhituo's commitment to "technology for good" reflects its philosophy that social responsibility is essential to its business model [11]. Innovation and Industry Leadership - The company adopts an "import and export" strategy, collaborating with leading firms and participating in major industry events to showcase its innovations [12]. - Jiufang Zhituo is positioned as a leader in the investment advisory industry, leveraging its dual-driven model to redefine the sector [12][13].

"做生意的根本在于真实与诚信，胖东来在这方面展现了良好榜样"。魏建军在视频中特别强 调："真诚才是最高效的商业模式"。这也与魏建军长期坚持的企业经营理念不谋而合。观察 长 城 的 经 营 逻 辑 ， 魏 建 军 一 直 坚 持 " 当 前 行 业 深 陷 价 格 战 泥 潭 ， 但 任 何 时 候 都 不 该 牺 牲 质 量"。 在舆论场上讨论了近一个月的胖东来玉石事件还在持续发酵。 近日，长城汽车魏建军发声力挺胖东来。在一则网络流传的视频中，魏建军表示："胖东来是 一 家 优 秀 的 企 业 ， 值 得 我 们 学 习 。 我 不 认 识 于 东 来 ， 但 作 为 企 业 界 的 人 士 ， 我 也 要 为 他 发 声。" 魏建军是少数主动为胖东来发声的企业家之一。在市场的认知看来，胖东来是"良心企业"的 代表，"用真品，换真心" "不满意，就退货"都是胖东来广为流传的标语。 为 何 坚 守 诚 信 与 品 质 出 圈 的 胖 东 来 会 被 负 面 舆 论 围 剿 ？ 为 何 一 次 抹 黑 却 令 企 业 信 任 摇 摇 欲 坠？魏建军力挺背后或许还有对行业营商舆论环境的忧虑。 在刚刚过去的4月，河南 ...

作为欧洲家用电梯行业的创新引领者,SWIFT 斯伟特近年来在全球家用电梯市场表现瞩目。近日,品牌联 合创始人兼首席执行官 Tommy Lowback 接受专访,深度解析 SWIFT 斯伟特背后的技术创新、全球化战 略布局,以及他对家用电梯行业未来发展的独到见解。 技术驱动革新:重新定义家用电梯的家庭适配性 采访中,Tommy Lowback 重点介绍了 SWIFT斯伟特的核心技术优势。品牌诞生于瑞典,沿袭了北欧在精 密工程和人性化设计方面的传统,所研发的 SWIFT斯伟特 家用电梯采用先进的螺母螺杆驱动系统,并融合 自主研发的 SWIFT Eco-Drive 生态驱动技术,为家庭用户带来更加平稳、安静且节能的乘梯体验。实 现"平均每四次运行中有一次免费"。即便在断电情况下,电梯仍可支持 10 至 20 次全速运行,有效解决传 统电梯依赖市电的痛点。 "我们希望家用电梯真正服务于家庭,而不仅仅是单一的楼层通行工具。" Tommy 表示。SWIFT Pro 还搭 载了 Dynamic Display 智能触摸屏,智能触摸屏可通过场景模式适配不同家庭成员需求,从老年用户青睐 的极简控制面板到年轻群体的个性化灯光设置 ...

专题：证监会印发《推动公募基金高质量发展行动方案》 近日，中国证监会印发《推动公募基金高质量发展行动方案》，落实新"国九条"要求，推动行业从"规 模驱动"向"回报导向"转变，将行业重心转向投资者的收益体感与获得感。《方案》不仅是对基金公司 经营逻辑的重构，更是对销售机构责任与价值的重新定义：唯有真正成为投资者与资产管理的"双向桥 梁"，方能践行普惠金融、数字金融的价值。 构建投资者利益优先的"透明化市场" 中国公募基金行业历经27载发展历程，实现了规模与产品数量的跨越式增长。公开数据显示，全市场公 募基金规模已经超过32万亿元，产品数量达到1.26万只。然而，伴随行业规模快速增长，产品收益与投 资者回报未成正比等痼疾仍然突出，行业发展亟待破局。 登录新浪财经APP 搜索【信披】查看更多考评等级 践行普惠金融和数字金融大文章 公募基金作为普惠金融的标杆，其核心价值在于以专业能力为亿万居民提供可及、可持续的财富管理服 务，其高质量发展亦与国家金融强国战略、实体经济发展、居民共同富裕目标深度契合。 《方案》明确要求提升权益投资规模与质量，通过优化注册机制、丰富指数基金供给、强化长期投资约 束，引导更多中长期资金入市 ...

毫无疑问，传统的消费习惯正在经历深刻的瓦解。 * 人们开始对看似高端的 " 大牌 " 祛魅 ， 并对品牌附加的溢价变得 空前敏感 。 跳过层层加价的品牌渠道，追逐工厂源头，寻找"同厂同源"的平替好物成为一种消费策略，网络上 关于各种"平替"的推荐更是铺天盖地。 同时， 海淘、代购、二手交易等购物渠道与购物方式也持续多样化。 年轻人们各显神通，试图用更 经济的方式购买产品。 外部环境带来的复杂性更是不可忽略。 全球经济承压，叠加特定背景下的关税波动，许多进口商品的成本与定价都充满了不确定性。这 不 仅增加了普通消费者对于进口商品涨价的焦虑，也让原本清晰的价格体系变得模糊 。在消费者对寻 求国产替代品的期待下，市场中也涌现了大量优秀的国货品牌。 当我们面对海量的选择、波动的价格、以及无孔不入的营销推广时，我们作出消费选择、进行试错 的成本变得异常高昂。 我们该如何穿越迷雾，找到那些真正被时间、被生活验证过的"好物"？ 或许，我们需要的不是加速"买"，而是放慢"选"。 不是追逐潮流，而是寻找经典的力量。 在日本社会学家三浦展提出的"第四消费时代"里，人们的消费心态正在悄悄转变： 不再盲目追新， 不再为炫耀买单，开始 ...

Core Insights - The essence of Warren Buffett's business philosophy is a belief in "value creation" [1] - Buffett's investment success is attributed to a combination of investment wisdom, business philosophy, human insight, and rational decision-making [1] Value Investment Philosophy - The core principles of Buffett's investment philosophy include the margin of safety and the circle of competence [2][3] - The margin of safety principle emphasizes buying assets at prices significantly below their intrinsic value, focusing on high-quality companies at reasonable prices [2] - Buffett avoids high-volatility sectors and invests only in areas he understands, such as insurance and consumer goods [3] Market Behavior - Buffett views market fluctuations as emotional expressions of "Mr. Market," advising investors to focus on intrinsic value rather than short-term noise [4] Business Model Focus - The business model is the primary consideration in investment decisions, with a preference for companies with strong economic moats [6] - Economic moats include brand effects, cost advantages, network effects, and economic franchises, which allow companies to maintain pricing power [6] - Buffett favors companies that generate stable cash flows, such as insurance and utilities, which provide a foundation for investment expansion [7] Long-Term Strategy - Buffett's long-term holding strategy is a key driver of wealth accumulation, emphasizing the power of compounding [10] - He has held stocks like Coca-Cola and American Express for over 30 years, demonstrating confidence in their long-term value [11] - Buffett capitalizes on economic cycles, making strategic investments during downturns for significant returns [12] Financial Leverage and Capital Allocation - Buffett utilizes float from insurance operations as a source of low-cost long-term capital, with over $140 billion in float as of 2024 [14] - Efficient capital allocation focuses on maximizing returns, investing in high-return sectors [15] - Maintaining cash reserves allows Buffett to seize opportunities during market downturns, with $189 billion in cash reserves in Q1 2024 [16] Rationality and Emotional Management - Buffett's success is rooted in extreme restraint against greed and fear, emphasizing independent thinking and emotional isolation [18][19] - He acknowledges mistakes and demonstrates rational correction, as seen in his decision to exit airline stocks [20] Diversified Structure - Berkshire Hathaway's success is attributed to its diversified business structure, which includes insurance, energy, and manufacturing [22] - The combination of full acquisitions and minority stakes balances control and liquidity [23] - Recent investments in Japanese trading companies and Canadian firms reflect a global perspective to mitigate U.S. market risks [24] Conclusion - Buffett's success is not based on complex models but on a value-driven philosophy that integrates rationality, patience, and long-term thinking [26]

Core Viewpoint - FAW-Volkswagen has introduced a lifetime warranty policy for certain vehicle models, reflecting its commitment to customer-centric long-termism and altruism in a competitive automotive market [1][10]. Group 1: Warranty Policy - The new policy allows customers to enjoy a lifetime warranty on the vehicles purchased from authorized dealers until December 31 for the models of "Langjing" and "Langxun," and until June 30 for the new "Tayron" series [1]. - This initiative demonstrates FAW-Volkswagen's confidence in product reliability and quality [1][3]. Group 2: Manufacturing Excellence - FAW-Volkswagen's confidence in offering a lifetime warranty stems from 34 years of accumulated strength and commitment to product and service quality [3]. - The company employs advanced manufacturing techniques, including a six-stage forming process and a large 8100-ton press, ensuring precision in stamping parts [3]. - The welding workshop utilizes the German MQB A2 platform with 1268 robots achieving an 85% automation rate, enhancing the strength of welds by 30% compared to standard spot welding [5]. Group 3: Rigorous Testing Standards - Each vehicle undergoes extensive testing, including high-temperature, high-altitude, and high-cold conditions, as well as over 100,000 door opening and closing tests to ensure component safety and reliability [5][7]. - The vehicles are subjected to a total of 1,930,000 km of high-intensity road testing across various conditions to validate durability [7]. Group 4: Service and Brand Development - FAW-Volkswagen emphasizes a shift in mindset from "users" to "customers" and from "products" to "goods," aiming to provide comprehensive value chain services [8]. - The company has launched the "Craftsmanship Service" initiative and the "Heart Journey 2.0" action plan to enhance service quality throughout the vehicle lifecycle [10]. - FAW-Volkswagen has received the China Automotive Golden Wrench Award 18 times, gaining the trust of over 20 million users [11].