Group 1: Share Buyback and Financial Performance - The company has initiated a share buyback plan, having repurchased 18.95 million shares, accounting for 2.02% of total share capital, with a total transaction amount of 662 million yuan [1][4] - The buyback started in November 2024, with a planned investment of 500 million to 1 billion yuan, aimed at implementing an employee stock incentive plan [4] - The company has distributed a total of 1.682 billion yuan in dividends since its A-share listing, with a cash dividend of 3.6 yuan per 10 shares in 2024, totaling 330 million yuan [4] Group 2: Market Position and Revenue Growth - The company maintains a leading position in the new energy battery materials sector, with a market share of 20.3% in ternary precursors and 28% in cobalt-based materials, both for five consecutive years [1] - In 2024, the company's overseas revenue reached 17.88 billion yuan, accounting for 44.5% of total revenue, representing a year-on-year growth of 27.1% [2][8] - The company has established partnerships with major global players in the lithium battery industry, including Tesla and LG Chem [6] Group 3: Financial Metrics and Challenges - The company's revenue for 2022, 2023, and 2024 was 30.344 billion yuan, 34.273 billion yuan, and 40.223 billion yuan, respectively, while net profits were 1.543 billion yuan, 1.947 billion yuan, and 1.467 billion yuan [7] - In the first quarter of 2024, the company reported total revenue of 10.787 billion yuan, a year-on-year increase of 16.09%, but net profit decreased by 18.88% to 308 million yuan [7] Group 4: Global Expansion Strategy - The company has announced plans to issue H-shares and list in Hong Kong to enhance its global strategy and create an international capital operation platform [3][9]

Core Viewpoint - Company Xunwanda (300207.SZ) is set to list in Hong Kong to advance its global strategy and enhance its international capital operation platform [1][4][3] Group 1: Company Overview - Xunwanda has been deeply involved in the lithium battery sector for 30 years and has become a leading global player in lithium-ion batteries, integrating into the supply chains of many well-known domestic and international manufacturers [1] - The company has a balanced development in domestic and overseas markets, with overseas revenue accounting for approximately 42% in both 2023 and 2024 [2][8] Group 2: Financial Performance - Xunwanda's total assets have grown significantly from 1.473 billion yuan in 2011 to 90.324 billion yuan by the end of Q1 this year [2] - The company has achieved continuous growth in net profit attributable to shareholders for 12 consecutive years, with net profit reaching 1.468 billion yuan in 2024 [13] Group 3: Research and Development - In 2024, Xunwanda's R&D investment is projected to reach 3.33 billion yuan, with a total of 11.11 billion yuan invested in R&D over the past four years [2][12] - The company emphasizes technological innovation and has established partnerships with several prestigious universities for research collaboration [12] Group 4: Market Expansion - Xunwanda is actively expanding its production capacity with multiple projects, including battery production lines and module expansion for consumer electronics and electric vehicles [2][4] - The company has established manufacturing bases in countries like India, Vietnam, and Hungary, and has plans for further international investments [7][5] Group 5: Business Segments - The company’s core business segments include consumer batteries, electric vehicle batteries, and energy storage systems, all of which have shown significant growth [10][11] - In 2024, the consumer battery segment is expected to generate 30.405 billion yuan in revenue, while the electric vehicle battery segment is projected to see a 116.89% increase in shipment volume [13]

Core Viewpoint - In May 2025, China's economy demonstrated a stable and progressive development trend amidst a complex environment, with significant growth in the motorcycle industry driven by structural upgrades and globalization [1] Industry Performance - The motorcycle industry experienced a robust growth rate of 13.43% in production and sales from January to May, significantly outpacing the overall industrial growth of 6.3% [2] - In May, the motorcycle production and sales figures were 1.8476 million and 1.8763 million units, respectively, showing a year-on-year increase of 4.47% and 5.45% [3] - The production and sales of large-displacement leisure motorcycles surged by 52.83% and 50.34% year-on-year from January to May, reflecting a shift in consumer preferences towards lifestyle and personal expression [3] Market Segmentation - The two-wheeler market showed clear segmentation, with the cross-country motorcycle segment achieving a production and sales growth of 15.94% and 17.71% year-on-year, capturing 60% of total sales [4] - Three-wheeled motorcycles also saw growth, with production and sales increasing by 6.29% and 5.99% year-on-year from January to May [4] Export Growth - The motorcycle export volume reached 5.28 million units from January to May, marking a 26.92% increase, with export value rising by 29.16% to $3.461 billion [7] - In May, motorcycle exports totaled 1.1521 million units, reflecting a year-on-year growth of 22.15% [7] Economic Indicators - From January to April, the motorcycle production sector achieved an industrial output value of 45.743 billion yuan, a year-on-year increase of 19.75% [9] - The top ten motorcycle manufacturers accounted for 63.60% of total industry revenue, with a collective revenue increase of 26.76% [11] Future Trends - The motorcycle industry is expected to see three key trends in the second half of 2025: entertainment consumption upgrade, advancement in globalization strategies, and a potential turning point for electric motorcycles [12][13] - The demand for large-displacement motorcycles is anticipated to rise, driven by changing consumer preferences towards personalized and high-quality experiences [12]

中国市场扩容升级，为国际经贸发展创造显著增量。中国已连续10多年稳居全球第二大商品消费市场， 正整体迈向高收入国家行列，消费升级需求十分旺盛。这不仅体现在衣食住行等传统消费的持续增长， 更突出表现为智能终端、文旅商体等新兴市场空间的不断拓展。中国在激发消费潜能、扩大消费市场的 同时，还以开放胸襟欢迎全球优质商品与服务，通过扩大电信业务开放试点范围、对53个非洲建交国实 施100%税目产品零关税等一系列开放举措，不断为世界各国分享中国市场红利创造有利条件。 在全球经贸环境不确定性增加的形势下，第十六届夏季达沃斯论坛近日在天津成功举行，释放出为世界 经济贡献中国动能的鲜明信号。与会各国嘉宾纷纷期待，中国以新质生产力引领高质量发展，不断开创 高水平对外开放新局面，为世界经济发展作出更多贡献。 多年来，经济全球化已将世界各国紧密相连，形成休戚与共的利益共同体。中国积极拥抱全球市场，不 仅实现了自身发展，更成为驱动全球增长的重要引擎。面向未来，中国将持续打造发展大国、消费大 国、创新大国，为世界经济所需贡献自身发展所能。 中国经济稳步发展，为世界经济复苏提供重要支撑。近年来，中国经济始终保持良好发展势头，对世界 经济增 ...

Core Viewpoint - Guangdong listed companies are accelerating their globalization strategies, with an increasing number of firms expanding their presence in overseas markets to strengthen their positions in global supply chains [1][2]. Group 1: Company Developments - EVE Energy has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange, aiming to enhance its international delivery capabilities and global customer service levels [1]. - EVE Energy has established eight production bases globally, with two more under construction, and has sales offices in seven countries and regions, with after-sales service networks covering 18 countries [1]. - New Bao Co., Ltd. achieved a revenue of approximately 38.34 billion yuan in Q1 2024, with overseas market revenue reaching about 29.72 billion yuan, reflecting a year-on-year growth of approximately 15.77% [2]. - Yizumi has expanded its international strategy, with a revenue of 50.63 billion yuan in 2024, a year-on-year increase of 23.61%, and overseas revenue of 13.95 billion yuan, growing by 27.54% [3]. Group 2: Strategic Initiatives - EVE Energy plans to use part of the funds raised from its IPO for the construction of a production base in Hungary, which is expected to have a capacity of 30GWh for power batteries by 2027 [3]. - EVE Energy will also invest in the third phase of its production base in Malaysia, focusing on new energy storage lithium-ion batteries with an annual production capacity of approximately 38GWh [3]. - New Bao Co., Ltd. is enhancing its supply chain by expanding its manufacturing base in Indonesia, with a recent investment of 5 million USD to boost production capacity [4]. - Yizumi aims to strengthen its global presence by increasing localization efforts and developing key industries, supported by the establishment of technology service centers in Brazil and Thailand [4].

Group 1 - The forum titled "Globalization Changes and Corporate Competitiveness Reconstruction" was held by the School of Business at Renmin University of China, featuring a mix of academic and practical insights from industry leaders [1][3] - Nearly 500 senior management personnel, including CHOs and HR leaders from various companies, participated in discussions about new trends in global human resource management [1][3] - The forum included eight keynote speeches, a roundtable discussion, and a closing keynote address, emphasizing the importance of collaboration between academia and industry [1][3] Group 2 - Zhang Jin, the Vice Dean of the School of Business, highlighted the unique human resource challenges faced by different types of enterprises in the context of globalization, which are crucial for corporate success [3] - Professor Zhou Yu outlined four key strategies for companies to drive innovation and achieve breakthroughs in organizational and talent mechanisms [5] - The strategies include focusing on user-centric innovation, solidifying professional expertise, reconstructing innovation management logic, and embracing digital intelligence [5] Group 3 - The roundtable discussion focused on the theme of "Globalization Changes and Corporate Competitiveness Reconstruction," moderated by Wang Deyue, the Executive President of the CHO Society [7] - Professor Ge Jianhua delivered the closing remarks, analyzing the challenges in organizational management due to rapid technological advancements and emphasizing the importance of humanistic values in management [7] - The forum was co-hosted by Kingdee Software (China) Co., Ltd., and supported by various alumni associations and project centers from Renmin University [9]

Core Viewpoint - Luxshare Precision is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global financing capabilities and support its international expansion strategy [1][2]. Group 1: Company Strategy - The company aims to leverage Hong Kong's international financial center status to broaden its capital market financing channels, which will provide sufficient funding for overseas business expansion, new technology development, and global capacity layout [1]. - The issuance of H-shares will allow Luxshare Precision to attract and retain overseas high-end talent through flexible and diverse equity incentive tools, injecting innovative vitality and professional strength into its global development [1][2]. Group 2: Business Expansion - Luxshare Precision is actively advancing its global layout, particularly in the communication, data center, and automotive sectors, enhancing its business footprint [2]. - The company has identified automotive electronics as a new growth area, with products covering automotive wiring harnesses, connectors, smart cockpits, and advanced driver-assistance systems [2]. - In September 2024, Luxshare Precision acquired 50.1% of the German automotive wiring harness manufacturer Leoni and its wholly-owned subsidiary for €5.2541 billion (approximately RMB 4.4 billion), accelerating its global expansion in the automotive electronics sector [2]. Group 3: Market Context - Other well-known companies in the "fruit chain" are also applying for listings on the Hong Kong Stock Exchange, indicating a trend among industry peers [3].

01 很多国家希望中国挺身而出引领经济全球化 凤凰网财经讯6月28-29日，"2025中国企业出海高峰论坛"在深圳举行，本次论坛由凤凰网主办， 雪花超高端系列品牌-醴首席赞助合作，中国企业出海全球化理事会联合主办，以"为开放的世 界"为主题，旨在全球产业链深度重构之际，为中国企业搭建思想碰撞、资源对接、规则对话的高 端平台，系统性破解出海难题，共探生态共赢转型路径。 原外经贸部副部长、中国入世首席谈判代表龙永图 原外经贸部副部长、中国入世首席谈判代表龙永图出席本次论坛，并与凤凰网财经进行现场对谈， 就关税战、中美关系及世界贸易规则等话题分享了独到见解。 他表示，美国提出的一系列关税方案针对中国，也针对全世界各国家，而且动摇世界贸易组织建立的全 球关税体制。目前的谈判中，大概有70多个国家和美国就对等关税进行谈判，前者不会接受这种霸权主 义做法。 "连美国最亲近的盟友，欧盟、日本、韩国都提出来，他们不会在这种威胁之下进行谈判，还是要保住 自己的底线，说明逆WTO（世界贸易组织）规则而动，破坏全球自由贸易体系的做法是不得人心的"。 02 中国跨境电商经验可以形成世界贸易规则 "跨境电子商务现在没有世界贸易的规则， ...

21世纪经济报道记者倪雨晴 深圳报道 "果链一哥"立讯精密也要赴港上市了。 7月2日晚间，立讯精密发布提示性公告称，为深化公司全球化战略布局，增强境外融资能力，进一步提 升公司治理透明度和规范化水平，公司目前正在筹划H股发行上市。 立讯精密还表示，公司正在与相关中介机构就本次H股发行上市的具体推进工作进行商讨，相关细节尚 未确定，本次H股发行上市不会导致公司控股股东和实际控制人发生变化。 业内看来，果链巨头接连赴港上市，旨在优化资本结构、提升融资能力，同时增强公司新兴领域的全球 竞争力。 虽然过去一年面临着地缘政治、经济环境等挑战，但立讯精密保持增长的业绩。 2024年全年，立讯精密营业收入2687.95亿元，同比增长15.91%；归母净利润为133.66亿元，同比增长 22.03%。2025年一季度，公司延续业绩增长，实现营收617.88亿元，同比增长17.9%；净利润为30.44亿 元，同比增长23.17%。 整体而言，近年来立讯精密的战略布局较为稳健。一方面巩固消费电子业务基本盘，拓展新产品和新客 户。另一方面，立讯精密在通讯业务、汽车业务上进行多元化发展，在核心能力和商务拓展上进行突 破。 如今，立讯 ...

Core Insights - The article highlights the significant entry of Chinese automotive giant BYD into the Brazilian market, marking a shift from traditional Western dominance to a new era of Chinese influence in South America's largest automotive market [1][2] Group 1: Factory and Production - BYD's new passenger vehicle factory in Bahia, Brazil, has an initial annual production capacity of 150,000 vehicles, producing both Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV) to cater to diverse market needs in Brazil and neighboring countries [1][2] - The factory's first vehicle, the Seagull, signifies a major milestone, although the facility is still under construction and not yet in full-scale production [1][2] Group 2: Market Growth and Strategy - BYD's passenger vehicle sales in Brazil surged from 260 units three years ago to over 76,000 units projected for 2024, representing a growth of over 328% [2][3] - The company aims to capture over 92% of the electric vehicle market share in Brazil by May 2025, establishing itself as a leader in the Brazilian new energy market [2][3] Group 3: Local Integration and Community Engagement - BYD emphasizes its commitment to the local community by hiring many former Ford employees and providing them with new training and skills [2][3] - The company has built a comprehensive ecosystem in Brazil, including a nationwide dealer network and charging infrastructure, addressing local challenges such as insufficient charging facilities [3][4] Group 4: Competitive Landscape and Challenges - BYD faces increasing competition from established local automakers like Fiat and Volkswagen, which have successfully lobbied for increased import tariffs, making local production more urgent for BYD [4][5] - The company must navigate complex political dynamics and fierce competition from other ambitious Chinese brands like Great Wall Motors (GWM) to maintain its market position [4][5] Group 5: Globalization and Future Outlook - BYD's expansion in Brazil is part of a broader global strategy, with the company achieving a record overseas sales of 472,100 vehicles in the first half of the year, aiming for a total of 800,000 units for the year [4][5] - The success of BYD and other Chinese automakers hinges on their ability to adapt to local regulations, culture, and supply chains, transforming from foreign entrants to deeply integrated local enterprises [5]