Core Viewpoint - Shenzhen remains the "foreign trade capital" of China, despite a slight decline in import and export totals in the first half of 2025 compared to the previous year, with a total of 2.17 trillion yuan, a year-on-year decrease of 1.1% [1][3][9] Group 1: Trade Performance - Shenzhen's total import and export value for the first half of 2025 was 2.17 trillion yuan, accounting for 9.9% of the national total, with exports at 1.31 trillion yuan and imports at 858.86 billion yuan, showing a 9.5% increase year-on-year [3][10] - Shanghai's foreign trade also showed resilience, with a total of 2.15 trillion yuan in imports and exports, a year-on-year increase of 2.4%, but Shenzhen maintained a slight edge [4][10] - In June 2025, Shenzhen's import and export value reached 397.98 billion yuan, with exports growing by 1.4% and imports by 4.8% [4][10] Group 2: Market Dynamics - The first half of 2025 saw a V-shaped recovery in Shenzhen's foreign trade, with a notable increase in imports and a stabilization in exports after initial declines in January and February [7][9] - High-tech product exports from Shenzhen grew by 8.0% in the first half of 2025, with significant contributions from lithium batteries and electric vehicles [12][13] - The cross-border e-commerce sector in Shenzhen showed remarkable growth, with exports from cross-border e-commerce overseas warehouses increasing by 19.5 times year-on-year [12][14] Group 3: Regional Trade Partners - ASEAN remains Shenzhen's largest trading partner, with significant growth in trade with Hong Kong and Taiwan, which saw increases of 7.2% and 33% respectively [10][12] - Emerging markets are becoming increasingly important, with Shenzhen's exports to countries like Mexico, Brazil, and Saudi Arabia rising [10][12] Group 4: Structural Changes - The import of mechanical and electrical products remains a major component of Shenzhen's trade, with a total export value of 980.29 billion yuan, accounting for 74.9% of total exports [12][14] - Private enterprises play a crucial role in Shenzhen's foreign trade, accounting for nearly 70% of total imports and exports in the first half of 2025 [14]

Core Viewpoint - Suhao Hongye's stock has shown a slight increase of 0.57% with a trading volume of 44.22 million yuan and a total market capitalization of 2.603 billion yuan, indicating a stable performance in the market [1] Group 1: Company Overview - Suhao Hongye Co., Ltd. is located in Nanjing, Jiangsu Province, and was established on June 30, 1994, with its stock listed on September 1, 1997 [6] - The company's main business includes trade (import and export, domestic trade) and culture (cultural art projects, art management, cultural venue operations, and cultural creative product development and sales) [6] - The revenue composition of Suhao Hongye is as follows: energy and chemicals 59.20%, light industrial crafts 21.52%, electromechanical products 9.28%, others 7.37%, and cultural projects 2.64% [6] - As of March 31, the number of shareholders is 46,200, an increase of 129.33% compared to the previous period, with an average of 5,339 circulating shares per person, a decrease of 56.39% [6] Group 2: Financial Performance - For the first quarter of 2025, Suhao Hongye achieved a revenue of 1.998 billion yuan, representing a year-on-year growth of 19.42%, and a net profit attributable to shareholders of 3.374 million yuan, up 11.08% year-on-year [6] - The company has distributed a total of 503 million yuan in dividends since its A-share listing, with 74.03 million yuan distributed in the last three years [7] Group 3: Investment and Subsidiaries - The company is the second-largest shareholder of Hongye Futures, holding 16.31% of its shares, and Hongye Futures is listed on the main board of the Hong Kong Stock Exchange [2] - Suhao Hongye's subsidiary, Jiangsu Aitao Cultural Industry Co., Ltd., holds a 28% stake in Jiangsu Cultural Property Exchange Co., Ltd. [2] - The company has invested 12 million yuan for a 24% stake in Jiangsu Hongrui Technology Investment Co., Ltd., which is the first venture capital company in Jiangsu Province focused on the biomedical field [2] Group 4: Market Activity - The main net inflow of funds today is 2.1862 million yuan, accounting for 0.05%, with the stock currently showing no continuous increase or decrease in positions [3] - The average trading cost of the stock is 10.96 yuan, with recent reductions in positions slowing down; the current stock price is near a resistance level of 10.62 yuan, indicating potential for a pullback if this level is not surpassed [5]

Core Viewpoint - The Shanghai Oriental Hub International Business Cooperation Zone aims to enhance international business interactions by allowing global invitees to enter without visas, facilitating a more efficient business environment and promoting international cooperation [1][2][3] Group 1: Business Cooperation Zone Overview - The Shanghai Oriental Hub International Business Cooperation Zone is planned to achieve closed operation by the end of 2025, with full completion expected by 2030 [1] - The zone covers an area of approximately 0.88 square kilometers, strategically located near Pudong International Airport and Shanghai East Station [1] - By 2028, the zone is expected to achieve full closed operation and complete key functional infrastructure [1] Group 2: Entry and Management Regulations - As of August 1, 2023, the management regulations allow foreign invitees to enter the zone without a visa, staying for up to 30 days with the possibility of extension [2] - Domestic invitation agencies must register with the comprehensive service platform 48 hours in advance for foreign invitees [2] - The zone provides convenience for the management of personal belongings, allowing reasonable personal items to enter with minimal restrictions [2] Group 3: Business Facilitation and Support - The zone supports various business activities such as meetings, negotiations, and product launches, enhancing international business exchanges [3] - Equipment and instruments required for operations in the zone are subject to a list management system and benefit from import tax exemptions [3] - The zone promotes cross-border R&D, e-commerce, and technology transfer, providing space for key industries like biomedicine, integrated circuits, and artificial intelligence [3]

商务部研究院电商所副研究员洪勇在接受媒体采访时表示""中国跨境电商平台在海外潜力巨大，海外消 费者认可平台上的产品，就是认可中国的产品。中国产品竞争优势明显，在质量和价格方面都不可替 代。" 据权威数据显示，2024 年前三季度，我国跨境电商进出口总额达 1.88 万亿元，同比增长 11.5%，超出 外贸整体增速 6.2 个百分点，其巨大潜力和活力展露无遗。然而，对于众多投身其中的商家而言，在这 片机遇与挑战并存的蓝海中，资金安全与合规运营始终是悬在心头的两把利剑。吉禾贸易跨境电商，正 是以提现安全、正规合法为核心优势，为商家打造了一个坚实可靠的发展平台。 天津吉禾国际贸易有限公司(简称:吉禾贸易)成立于2017年7月， 是一家针对全球商贸客户，提供航空速 递在线商务采购新型的一站式跨境模式平台，帮助全球优质卖家直接触达终端买家， 去除中间商， 以 更高的效率， 更快的物流， 更低的成本掘金万亿贸易蓝海， 截止2025年5月，活跃用户数达到3.565亿 公司始终秉承："合规、合法、安全经营是吉禾贸易的立业之本"的企业精神， 持续深耕于贸易物流行 业， 以中国精神做好优质产品和服务来赢得越来越多客户与市场的认可 ...

Core Viewpoint - The company, Zhejiang Kaichuang Electric Co., Ltd., is experiencing growth driven by its international sales, e-commerce initiatives, and recognition as a "specialized and innovative" enterprise, despite facing challenges in domestic revenue and market conditions. Group 1: Financial Performance - As of July 31, the company's stock price increased by 0.14%, with a trading volume of 35.60 million yuan and a market capitalization of 2.949 billion yuan [1] - For the first quarter of 2025, the company reported a revenue of 154 million yuan, a year-on-year decrease of 6.68%, and a net profit attributable to shareholders of 2.29 million yuan, also showing a decline [6] Group 2: Revenue Sources and Growth - The company has a significant overseas revenue share, accounting for 91.85%, benefiting from the depreciation of the RMB [2] - The e-commerce segment has shown strong growth, with online sales revenue increasing by 58.64% year-on-year [2] - The company has developed 20 new lithium battery products in 2023, which have gained recognition from major clients, although lithium products currently represent less than 10% of total sales, indicating potential for future growth [3] Group 3: Market Position and Recognition - The company has been recognized as a "national-level specialized and innovative small giant enterprise," which enhances its competitiveness and stability within the supply chain [2] - The company specializes in the manufacturing of handheld electric tools, with its main revenue sources being cutting tools (49.97%), grinding tools (27.62%), and drilling and fastening tools (11.44%) [6] Group 4: Market Activity and Technical Analysis - The stock has seen a net outflow of 2.30 million yuan from major investors, indicating a reduction in holdings over the past three days [4] - The average trading cost of the stock is 27.22 yuan, with the current price approaching a resistance level of 29.09 yuan, suggesting potential for a price correction if this level is not surpassed [5]

Core Viewpoint - The company, Zhiyou Technology, is experiencing growth in its cross-border e-commerce and pet product segments, benefiting from a depreciating RMB and a diversified logistics system [2][3]. Group 1: Company Overview - Zhiyou Technology was established on January 8, 2010, and went public on June 21, 2023, focusing on the research, design, and sales of proprietary home products [7]. - The company's revenue composition includes furniture series (51.68%), home series (36.35%), pet series (8.32%), outdoor sports (2.52%), and others (1.13%) [7]. - As of May 9, the number of shareholders is 8,995, a decrease of 3.46%, with an average of 21,432 circulating shares per person, an increase of 3.58% [8]. Group 2: Financial Performance - For the first quarter of 2025, Zhiyou Technology achieved a revenue of 2.09 billion, a year-on-year increase of 13.56%, and a net profit attributable to shareholders of 111 million, up 10.30% [8]. - The company has distributed a total of 321 million in dividends since its A-share listing [9]. Group 3: Market Position and Strategy - The company has established a differentiated competitive advantage in its cross-border e-commerce logistics system, with self-operated warehouses in Germany and the USA, enhancing operational efficiency [2]. - Zhiyou Technology collaborates with influencers based on product usage scenarios and follower demographics, having partnered with influencers on platforms like TikTok, although current sales contributions are minimal [2][3]. - The company’s overseas revenue accounts for 98.88%, benefiting from the depreciation of the RMB [3].

本报讯 （记者徐一鸣）7月30日，以"合肥品牌·跨境出海"为主题的2025中国（合肥）跨境电商大会在合 肥泓瑞金陵大酒店召开。 本次大会由合肥市商务局、共青团合肥市委员会、中国（安徽）自由贸易试验区合肥片区管理委员会、 合肥市蜀山区人民政府、安徽职业技术大学指导，合肥市电子商务协会、安徽职业技术大学数字商务产 业学院、合肥市数字商务集聚区、合肥市网络女主播联盟主办。 会上，合肥市电子商务协会会长邓鸿表示，跨境电商是合肥企业品牌国际化的关键赛道，但面临流量成 本高、人才稀缺、本土化运营难等瓶颈。对此，合肥市电子商务协会联动高校与企业共建"人才培养基 地"，破解人才瓶颈。搭建"政协产学研金服"平台，汇聚多方资源，提供从市场洞察到风险管控的全链 路解决方案。 合肥市商务局党组书记、局长杨有明表示，跨境电商已成为驱动合肥外贸跃升的重要动力。合肥自获批 国家综试区以来，产业集聚效应显现，生态链持续优化。 杨有明进一步表示，合肥市商务局将精准施策：一是打造更优市场环境，畅通发展路径；二是完善物 流、通关等基础配套，提升运营效率；三是强化要素保障与政策供给，助力企业破浪出海。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the article highlights the significant growth in the use of RMB foreign exchange derivatives by foreign-related enterprises in Liaoning Province, with a scale reaching 3.22 billion USD and a foreign exchange hedging ratio of 22.3% in the first half of 2025 [1] - The Liaoning branch of the State Administration of Foreign Exchange (SAFE) has been actively promoting the participation of banks and enterprises in facilitating trade foreign exchange receipts and payments, particularly for high-quality enterprises in specialized, green, and small foreign trade sectors [1] - In the first half of 2025, there were 11 new convenience enterprises established, including 10 small and medium-sized enterprises in specialized sectors, with a total convenience business transaction amount of 7.274 billion USD, accounting for 39.29% of total trade receipts and payments [1] Group 2 - The SAFE Liaoning branch has supported the healthy and standardized development of new trade formats such as cross-border e-commerce, with 17 transactions of direct bank collection for cross-border e-commerce exports totaling 31.18 thousand USD in the first half of 2025 [1] - The branch has also facilitated cross-border financing for small and medium-sized enterprises, with 42 enterprises receiving export accounts receivable financing amounting to 37.293 million USD [1] - As of the end of June 2025, there are 2,046 bank outlets in the region providing foreign currency exchange services for foreign personnel coming to China, along with 53 licensed institutions and 2 self-service exchange machines [2]

Core Insights - The article highlights the growing trend of cross-border e-commerce in the jewelry industry, particularly through platforms like SHEIN, which is enabling traditional manufacturers to adapt and thrive in international markets [1][7][12]. Industry Overview - The domestic fashion industry, including jewelry, has reached an annual output value of over 10 trillion yuan, with the jewelry sector showing a remarkable export growth of 14.7% to $35.83 billion in 2024 [1][12]. - The jewelry industry in regions like Guangzhou, Shenzhen, and Dongguan is evolving into a robust network, leveraging cross-border e-commerce to enhance supply chain capabilities and meet international consumer demands [3][12]. Market Dynamics - Traditional jewelry businesses are transitioning from a reliance on foreign trade to embracing cross-border e-commerce, with many sellers recognizing the need for refined operational strategies to succeed in overseas markets [7][12]. - The shift towards a "demand-driven supply chain" is evident, as manufacturers are now focusing on market trends and consumer preferences rather than merely fulfilling orders [11][13]. Seller Experiences - Sellers like Shang Fushun have successfully transitioned to cross-border e-commerce, achieving annual sales exceeding 10 million yuan after establishing a store on SHEIN [8][11]. - The experience of sellers indicates a significant change in mindset, where understanding market demands and trends has become crucial for success [11][13]. Future Outlook - The cross-border e-commerce boom is extending from major cities to smaller towns, with local businesses increasingly viewing e-commerce as a vital growth avenue [12][13]. - The global jewelry market is expanding, with international consumers eager for new and trendy jewelry options, indicating a promising future for manufacturers who adapt to these changes [14].

Group 1: Foreign Trade Performance - Wuxi's foreign trade achieved a robust growth of 7.1% from January to June, surpassing the provincial average by 1.9 percentage points, with a total import and export value reaching 388.6 billion yuan, marking a historical high for the same period [1] - The city has recorded the highest historical import and export scale for four consecutive months, showcasing its resilience in the face of a complex international trade environment [1] Group 2: Industry Innovation and Upgrades - Wuxi's ShenNan Circuit Co., Ltd. has maintained a leading position in the electronic industry through significant R&D investment, with a projected revenue growth rate exceeding 30% in 2024 [2] - From January to June, Wuxi's electromechanical product exports reached 195.32 billion yuan, a year-on-year increase of 18.6%, accounting for 72.7% of the city's total exports [2] - High-tech products such as integrated circuits, lithium batteries, and printed circuit boards saw export growth rates of 38.7%, 41.4%, and 28.5% respectively, driving foreign trade growth [2] Group 3: Market Expansion and New Products - Wuxi's manufacturing enterprises are increasingly innovating to meet market demands, with high-tech product exports growing by 22.2% in the first half of the year, representing 40.8% of total foreign trade exports [3] - Companies like Zhongke Weizhi Technology Co., Ltd. have successfully broken into international markets, with a 15% year-on-year increase in export value from January to May [4] Group 4: Global Partnerships and Trade Growth - Wuxi's foreign trade enterprises are actively expanding into emerging markets, with exports to South Korea and ASEAN growing by 22.5% and 13.2% respectively [4] - The total import and export value with countries involved in the Belt and Road Initiative reached 203.77 billion yuan, a growth of 9.9%, accounting for 52.4% of the city's total [4] Group 5: Support for Exporting Enterprises - Wuxi is implementing a comprehensive support system for foreign trade enterprises, including subsidies for exhibition fees and organizing overseas trade fairs for over 1,000 companies [8] - The city has introduced a special action plan for cross-border trade facilitation, with 20 key measures aimed at reducing transaction costs and enhancing trade efficiency [8]