当前，海外部分，对于债券来说最关键的就是美联储政策。对于美联储的宽松，货币市场预期得更早一些，核心的原因就是这一轮美国的通胀受到关税的 影响非常有限。接下来，我们从数据出发来进行分析。 首先是美国进口价格指数，图中的几条线是美国从不同经济体进口商品三个月的环比，如果三个月是上涨的就在0以上，三个月是下跌的就在0以下。 数据来源：Wind，Bloomberg，国泰基金整理，数据截至2025年5月。 4月2日之后，美国加征对等关税，对欧盟也加征对等关税。其实美国的进口价格指数没有出现很明显的波动，传导是很有限的，进口价格指数几乎没有变 动。传导到CPI和PPI这边，其自然变化也是比较有限的。整体来看，美国的CPI还是处在一个大周期过程中，从不同的方向来说，其实服务方向的下行应 该说是占主导的，关税主要影响商品部分的通胀，也不太影响像原油、食品这类商品，因为美国的原油、食品大部分是从加拿大、墨西哥进口以及自产， 受到关税的影响比较小。 总的来说，下半年会比市场想得更宽松，而且美联储的状态也会更快转变为鸽派。 在贸易谈判方面，特朗普还是有高度不确定性的。在此背景下，推荐关注十年国债ETF（511260）这一核心配置工 ...

Group 1 - Enjie Co., Ltd. expects a loss of 82.65 million to 107 million yuan in the first half of 2025, compared to a profit of 291 million yuan in the same period last year [1] - The primary reasons for the expected loss include a decline in the profit margin of lithium battery separator films, losses in certain business segments, increased overseas operating expenses, and a provision for inventory impairment based on prudence [1] - The company needs to adjust its strategy to cope with intensified industry competition and should focus on subsequent performance improvement measures [1] Group 2 - Tianci Materials has filed a request to withdraw a lawsuit regarding a technical secret dispute, which has been approved by the Hangzhou Intermediate People's Court [2] - The withdrawal of the lawsuit is not expected to have a significant adverse impact on the company's current or future profits, and the company plans to file a new lawsuit based on the situation [2] - The outcome of this case may influence the company's future rights protection strategy, necessitating attention to the progress of new litigation and potential risks [2] Group 3 - Multiple silicon wafer manufacturers have raised their prices, with increases ranging from 8% to 11.7% for different sizes of wafers [3] - The price hike is attributed to the upward pressure from rising upstream silicon material costs, although the demand growth at the downstream level is slowing, raising concerns about market acceptance [3] - The ability to pass on price increases to end-users will test the collaborative capacity of the industry chain, and short-term price negotiations are expected to continue [3]

Group 1 - The core theme of the forum is "Traditional Culture and Modern Finance," focusing on how traditional culture can creatively transform and empower modern financial development [1] - The forum discusses three subtopics: "Integrity and Trustworthiness in Cultivating Modern Financial Value Systems through Traditional Culture," "Innovating to Shape New Advantages in Financial Services for the Real Economy," and "Legal Compliance in Building a New Order for Modern Financial Development," all rooted in traditional cultural wisdom [2][3] - The integration of traditional culture with Marxist principles and specific financial practices in China is emphasized as essential for the creative transformation and innovative development of traditional culture [3] Group 2 - The "Five Musts and Five Must Nots" proposed by General Secretary Xi Jinping are highlighted as key principles for cultivating Chinese financial culture, emphasizing integrity, prudence, and legal compliance [4][5] - The necessity of incorporating the "Five Musts and Five Must Nots" into financial education and practice is stressed, with a call for a deep theoretical understanding to ensure effective implementation [5] - The importance of traditional culture in shaping financial ethics and talent development is underscored, with a focus on enhancing high-quality human capital [3][4] Group 3 - The rapid development of financial technology, particularly AI, presents both opportunities and challenges for the financial industry, making the concept of "Guarding Integrity and Innovating" crucial [6][7] - The need for academic evaluation of AI's benefits and risks is emphasized, along with the importance of adapting financial education to meet the demands of the AI era [6][7] - The commitment of Shandong University of Finance and Economics to AI-driven talent cultivation and the integration of traditional culture into financial practices is highlighted, showcasing their proactive approach in these areas [7]

"打——豆腐的来喽！"盛夏的清晨，响亮的吆喝声响起。每隔几天，太行山上卫辉市狮豹头乡几个村的 村口，总有27岁新乡姑娘李福贵开着满载豆腐、蔬菜和点心的小货车驶来的影子，头发花白的老人闻声 聚拢，亲热地拽住她的手："闺女，可算等着你了！" 这辆二手四轮车，是李福贵连接数百万粉丝的"直播间"，更是架在山村留守老人心坎儿上的"爱心桥"。 西葫芦五毛一斤、凉粉两块钱半盆、点心连卖带送——在旁人看来亏本的买卖，她却甘之如饴。 有网友在镜头里看见了自己的爷爷奶奶，截图留言或者私信她："这个老人是我姥姥，不会用手机，下 次路过帮她给我打个电话吧？""这个是我大舅！""我看到我爷爷了！"她的视频下方的留言区，成了"大 型认亲现场"。 关于最近的爆火，李福贵说："这是属于那些山里老人的，流量也是他们带给我的。我只是中间的一个 媒介，让他们的情感被看见，让他们的善良被看见。" "刚开始做自媒体，我的初衷就是为了赚钱，让家里人过得更好。"李福贵说，现在自己有能力有热度去 带货赚钱了，但山上的那些老人改变了她的想法——"他们让我觉得，人生更有意义的是，你传递出来 的价值。如果我的视频能给年轻人提供一些正能量，能让年轻人多回去看看老人 ...

Core Viewpoint - The company is undergoing a potential change in control and ownership, with significant implications for its governance and strategic direction [1] Group 1: Ownership Changes - The actual controllers of the company are planning a share transfer and control change, which may lead to a change in the company's control and actual controllers [1] - The transaction counterparties are from the computer, communication, and other electronic equipment manufacturing industries, and the deal is expected to result in acquiring at least 5% of the company's total shares and corresponding voting rights of 24.99% [1] - The company's stock will be suspended from trading starting July 10, 2025, for a period not exceeding 2 trading days [1] Group 2: Business Operations - The company focuses on "Industrial Internet + Intelligent Sensors and Software," developing smart water meters, smart water management equipment, and software systems [1] - It aims to provide comprehensive and integrated solutions for water management, addressing safety, energy efficiency, quality improvement, and public service needs [1] - The company has established partnerships with over 900 water service enterprises, including major players like Beijing Waterworks and Shanghai Urban Investment Water [1] Group 3: Recent Shareholder Activity - In March 2023, a major shareholder signed a share transfer agreement to sell 5% of the company's shares for a total price of RMB 107 million, reducing their stake to 2.07% [2] - The transfer was seen as a sign of confidence in the company's future development and value, with no impact on control or governance [2]

企业的目标是智能驾驶技术的研发与商业化落地，但以智能化为核心的新能源汽车"下半场"不 应仅是发展技术，更需要全行业以客观公正的视角去谨慎定义、理性看待。 7月8日，中汽中心、清华大学、华为联合发布《汽车智能驾驶技术及产业发展白皮书》（下 称《 智驾技术 白皮书》）。" 《智驾技术白皮书》 系统梳理了技术演进脉络、产业生态格局 与未来发展趋势，尤其注重对安全保障体系、风险挑战的剖析，既是对行业经验的系统性凝 练，更是以精准角度剖析发展瓶颈，以创新思维擘画破局路径。 希望 《智驾技术白皮书》 能成为'政产学研'各界人士的参考，助力中国自动驾驶产业在技术 攻坚、安全保障、商业落地与社会价值创造中实现新的突破。"中国工程院院士、清华大学车 辆与运载学院教授李骏在《 智驾技术 白皮书》序言中表示。 华为作为《 智驾技术 白皮书》产学研编写组成员中唯一的产业代表，在其中扮演角色的重要 性不言而喻。开源证券研报称，汽车产业已进入技术转换周期，软件在汽车产业的价值不断加 大，华为凭强劲实力深度布局汽车市场，志在打造汽车产业智能化开放平台。"华为ADS智 能 辅助 驾 驶 功能升级，技术生态成型深度赋能，加速行业格局演化。" ...

Core Viewpoint - The Guangzhou Lianxianglou Company has won a lawsuit against two other companies for false advertising, as they claimed to be associated with the "Chinese Time-honored Brand" and other historical phrases, which misled consumers about their connection to the original Lianxianglou brand [1][2][4]. Legal Proceedings - The Beijing Haidian District People's Court ruled that the two defendant companies, Guangzhou Lianlou Catering Service Co., Ltd. and Guangzhou Bailian Catering Service Co., Ltd., must pay 2 million yuan in economic damages and 100,000 yuan in reasonable expenses to Guangzhou Lianxianglou Company [2][4]. - The court found that the defendants' claims constituted false advertising under the Anti-Unfair Competition Law, as they did not have authorization to use phrases indicating a century-long history [3][10]. Brand and Trademark Dispute - The dispute over the Lianxianglou trademark has been ongoing for over a decade, with multiple entities operating under the Lianxianglou name in Guangzhou [1][8]. - The court acknowledged that the original Lianxianglou brand has significant market influence due to years of operation by Guangzhou Lianxianglou Company, which has integrated its history into its business [2][3]. Current Status of the Defendants - The defendant companies have acknowledged the court's ruling and have removed the disputed promotional phrases from their marketing materials [5][7]. - Both companies are currently within the appeal period but have not disclosed specific future plans [5][7]. Future Implications - Guangzhou Lianxianglou Company continues to seek exclusive rights to the Lianxianglou trademark, despite the ongoing disputes regarding the nature of the trademark authorization [11]. - The legal outcomes indicate that while the defendant companies can operate under the Lianxianglou name, they cannot claim historical associations without proper authorization [10].

这是一款圆形桌面化妆镜，轻点屏幕，腮红、眼影、底妆随心切换，它不仅能照亮容颜，更能通过内置的智能传感器感知皮肤温 度、湿度等数据，进而判断皮肤状况，这背后正是智能传感器在精准采集数据、高效发出指令。 一台人形机器人全身至少搭载着六种不同类型的传感器，这些传感器让智能化设备有了"眼、耳、手、口、鼻"等"电子五官"，能 听、能看、能感知，让手机、汽车、机器人等设备更"聪明"。 在安徽蚌埠市的传感谷展厅，像这样一个小小的传感器，不仅实现了人形机器人的精准抓握、灵活操控，还帮助新能源汽车进行 智能驾驶、智能车控。先来解释一下什么是传感器？其实，传感器就好比人的眼睛、耳朵，专门用来感知外部的环境。 央视网消息：对于地处淮河之畔的安徽蚌埠，不少人的认知可能还停留在老牌工业城市或者农业大市。但是，近年来，依托"中 国传感谷"，蚌埠大力发展智能传感产业，构建起完整的智能传感器产业生态。《活力中国调研行》我们一起走进蚌埠，探寻其在智 能传感产业领域的发展密码。 传感器到底是怎么生产出来的，不妨到一旁的工厂看一看。这是蚌埠市一家企业的MEMS智能传感器晶圆生产线，产品主要应用 于高端装备、汽车电子等领域。与一般工厂不同，这里的生 ...

2025年7月8日，保险行业迎来了第十三个"7·8全国保险公众宣传日"活动。为响应行业号召，深入践 行"爱和责任 保险让生活更美好"的年度主题，陆家嘴国泰人寿在国家金融监督管理总局和中国保险行 业协会的指导下，组织全国各分公司和分支机构开展了一系列内涵丰富的宣传活动。从南粤大地到齐鲁 沃土，从东海之滨到中原腹地，公司上下不仅以暖心服务普及保险知识，还通过形式多样的创新活动传 递行业正能量，以实际行动诠释保险如何守护美好生活。 广东：台企精准对接，赋能风险管理 江苏：开展红色文旅，传承使命初心 江苏分公司结合七一建党节，在南通三一八斗争纪念基地、泰州双拥广场、常州文化宫广场等地组织开 展健步走、金融反诈宣传等活动，并穿插红色故事宣讲、红歌演唱等内容，将保险宣传与红色文化深度 融合，激发行业使命感，以"红色基因"赋能保险责任，彰显保险业服务民生的初心。 广东分公司精准定位，借力广州市黄埔区台协平台，向台资企业代表开展专题宣讲。活动聚焦保险在企 业风险管理、员工福利保障中的核心价值，结合"传播幸福 散播爱"的企业使命，通过真实案例解析不 同险种功能，传递保险正能量，增进台资企业对保险功能与价值的理解。 厦门：社区防 ...

喜欢夜探的小朋友可以去龙潭西湖公园，夜幕下的山林草地间，蛐蛐、青蛙等动物将奏响"交响乐"。双 秀公园推出自然笔记活动，带领小朋友走进户外，观察花草树木、昆虫飞鸟，用文字、绘画等形式描绘 自然王国。 北京世园公园推出沉浸式田野研学体验活动，让孩子们体验"自然探索+农耕劳动+荒野技能"。中山公 园、玉渊潭公园、香山公园、天坛公园等将围绕夏季常见鸟类、古树名木、古建筑等主题，推出多场动 植物科普活动。 记者7月9日获悉，作为"千园之城"，北京全市公园推出280项暑期游园文化活动，从自然教育到消夏活 动，满足不同年龄段游客的需求。市民可以在北京市园林绿化局官方网站及"首都园林绿化"官方微博微 信查阅各个公园活动信息。 动植物科普、研学等活动带领孩子探索自然 为了激发孩子们探索自然的兴趣，北京多家公园推出动植物科普、研学趣探、讲解讲座等活动。小朋友 们可以参加紫竹院公园的趣探活动，了解蝴蝶的形态特征、生活习性等，并亲手制作"蝶与花"标本画。 北京动物园依托园内特有的活体动物资源和科普馆展陈资源，开发了系列研学课程，探究达尔文进化论 在动物中的演进过程。 这个夏天，全市公园根据自身特色，推出了公园暑期艺术季及音乐季系列活 ...