Core Viewpoint - The leadership of Shenwan Hongyuan's research institute is undergoing a significant change, with Wang Sheng set to take over as the new head, reflecting the company's internal talent development strategy and a shift towards younger leadership [2][4][12]. Group 1: Leadership Transition - Wang Sheng, a veteran researcher who joined the company in 2009, is being appointed as the head of the research institute, succeeding Zhou Haichen, who has moved into a higher executive role [2][4]. - Zhou Haichen, who has been with the company since 2006, has transitioned to a senior management position, indicating a trend of promoting internal talent within Shenwan Hongyuan [3][4]. - The appointment of Wang Sheng signifies a new phase for the research institute, emphasizing the importance of internal talent cultivation and continuity in leadership [3][4]. Group 2: Research Institute's Historical Context - Shenwan Hongyuan's research institute has a rich history, tracing back to 1992, and has been recognized as a leading research entity in China's securities market [7][8]. - The institute has been pivotal in developing a systematic industry classification standard, which has become a benchmark for investment research in China [7][8]. - The research institute has evolved through various mergers and reforms, enhancing its operational capabilities and expanding its research coverage [8][9]. Group 3: Focus on Young Talent - The leadership transition is part of a broader trend towards younger management, with Wang Sheng and other key figures being from the post-80s generation [12][13]. - The emphasis on internal promotion and the integration of younger professionals is expected to bring vitality and innovative perspectives to the research institute [12][14]. - The company is also facing challenges, such as declining commission revenues, which necessitate effective leadership and strategic direction from the new generation of leaders [14]. Group 4: Dual Chief Economists - Shenwan Hongyuan currently has two chief economists, Yang Chenguang and Zhao Wei, which is uncommon in the industry [15][16]. - Yang Chenguang, a long-standing member since 2001, focuses on policy research, while Zhao Wei, who joined in 2024, is responsible for macroeconomic research [15][17]. - This dual leadership structure aims to enhance the research capabilities of the institute, ensuring a smooth transition as Zhao Wei prepares to take on more responsibilities [17].

Core Viewpoint - The optimization of the departure tax refund policy is a strategic move to enhance consumption potential and promote high-level opening-up in China, injecting new momentum into the dual circulation of international and domestic markets [1][2]. Group 1: Policy Optimization - The recent notification from the Ministry of Commerce and other departments introduces eight policy measures aimed at expanding the number of tax refund stores, enriching the variety of tax refund products, and improving the service level of departure tax refunds [1][2]. - The departure tax refund policy is seen as a key measure to enhance the shopping experience for foreign travelers, addressing previous issues such as limited refund stores and product choices [1][2]. Group 2: Economic Impact - The optimization of the departure tax refund policy is expected to significantly boost inbound consumption, with a projected total expenditure of inbound travelers reaching $94.2 billion in 2024, reflecting a 77.8% increase [2]. - The departure tax refund effectively acts as a discount for foreign travelers, with a general tax refund rate of 11%, which can lower shopping costs and stimulate consumer enthusiasm [2]. Group 3: International Relations and Cultural Exchange - The optimized departure tax refund policy serves as an important link in promoting high-level opening-up and facilitating the dual circulation of international and domestic markets [3]. - By attracting more foreign visitors to shop and travel in China, the policy not only promotes economic exchanges but also helps to showcase Chinese culture and products globally [3]. Group 4: Implementation and Collaboration - Successful implementation of the policy requires collaboration among various stakeholders, with the Ministry of Commerce and related departments urged to accelerate policy execution and establish effective working mechanisms [3]. - Local governments are encouraged to create attractive shopping environments for foreign travelers, enhancing their experience and showcasing the charm of China [3].

南农晨读 | 阳江 海鲜 巴适得板 南方+_南方plus 南方格业信煤售团丰管主办 南农晨读 喊四川人民吃阳江海鲜! 4月30日,阳江 农业品牌产品推介活动来到四川,在成都 金牛万达广场向广大蓉城市民展示程村 蚝、荔枝、豆豉、春砂仁、阳东牛大力、 金娼鱼、青蟹等独属于阳江的地道山海鲜 味。南海的鲜遇上川味的辣,不仅是舌尖 扫 码 童 看更多 ñ4.30 @ 文案:周亦可 美编:莫淑霞 【今日关注】 治愈强迫症！去 普宁挖掘极 致"对称美学"｜ 真乡五一避世计 划⑤ 在普宁纵横交错 的古巷纵横里， 藏着令强迫症极 度舒适的秩序密 码——街巷横平 竖直如棋盘落 子、全村近五万 人同宗陈姓、百 年学宫对称到门 环……在这里， 每一道线条都工 兴农评丨用婚礼 钱点亮乡村孩子 科技梦，这 场"零宴席"的婚 礼最美 近日，河北"95 后"夫妻董阔和 杨赞旭做了个特 别的决定：把准 备结婚的16.6万 元省下来，给母 校等4所乡村学 校，用以建科技 实验室，成为网 友津津乐道的一 段佳话。夫妻俩 不仅摆脱了人情 攀比的枷锁，更 将婚姻仪式转化 为对教育的致 敬，用"爱的分 整得如同尺规作 图。 and and work o ...

在充分肯定前阶段工作后，姚高员指出，面对外部环境新变化新情况，要勇于直面挑战、加强分析 研判、保持坚定信心，积极融入和服务国内国际双循环，拓展更多贸易新空间。要稳定原有海外市场份 额，探索开拓新兴市场新路径，通过多元市场发展模式提升抵御风险能力。要助力企业产品结构升级、 贸易方式转型，联动大型商超、电商平台共享产业链供需信息，推动企业内外贸一体化发展，引导优质 产品市场竞争方式从"拼价格"向"拼技术、拼品牌"转变。要支持企业"抱团出海"拓市场，打造企业"出 海"共同体，以产业间、企业间的协同联动不断增强产业链供应链韧性。市级相关部门和各区县（市） 要加强统筹协调，动态跟踪判断外部形势变化，落实好联系走访制度，畅通政策传导机制，把惠企政策 举措讲清说透兑现到位。要不断优化服务，问清摸透企业发展中遇到的困难和问题，围绕解决企业用 工、资金、原材料供应等需求建立"一企一策"，做到"问题不过夜、件件有回音"，确保举措务实管用、 政策直达快享，助力企业更好应对外部经营环境变化。 4月28日下午，市长姚高员主持召开全市稳外贸工作会议。他强调，要深入学习贯彻习近平总书记 考察浙江重要讲话精神和中央经济工作会议精神，按照党中 ...

Core Viewpoint - The government aims to "fully expand domestic demand and vigorously boost consumption," prompting companies like China Resources Vanguard to innovate in integrating foreign trade with domestic sales [1] Group 1: Strategic Initiatives - China Resources Vanguard has launched four major initiatives to facilitate the transition of foreign trade products to domestic sales, leveraging over 2,000 stores nationwide [1] - Over 300 high-quality foreign trade products have been introduced in 31 cities, covering eight major livelihood sectors, including smart home and food [1] Group 2: Efficiency Improvements - The "Fast Track" service introduced by China Resources Vanguard reduces the product introduction cycle to 14 working days and ensures products are on shelves within 24 hours of arrival [3] - A "green channel" is available for enterprises that have passed factory inspections by well-known retailers, significantly lowering the barriers for quality products to reach consumers [3] Group 3: Market Penetration - Since the launch of the initiatives, over 200 foreign trade enterprises have been successfully connected, with initial products quickly distributed to more than 70 supermarkets [4] - The product range includes high-quality foreign goods such as clothing and small appliances, with a focus on meeting diverse consumer needs from kitchen to outdoor activities [4] Group 4: Consumer Engagement - China Resources Vanguard utilizes data from over 100 million members to tailor its offerings to regional market characteristics, enhancing the shopping experience with products like the Piye coffee machine [6] - A marketing campaign titled "Ai May Love at Vanguard" will begin on May 1, featuring interactive activities and live-streaming to enhance consumer engagement and promote foreign trade products [8]

江苏省商业联合会发起"积极扩大外贸商品内销渠道，实现双循环新发展"的倡议，在商品引进、柜台销 售、货架陈列、资金结算、市场营销等方面，对受影响的企业给予帮助。 中国信息协会常务理事、国研新经济研究院创始院长朱克力在接受《证券日报》记者采访时表示，当前 各地各部门支持"出口转内销"的政策组合拳，是一次双循环协同的战略突围。首先，搭建展销平台、发 放消费券、开放绿色通道等举措是为外贸企业创造软着陆的缓冲带，既解决库存压力，又试探市场"水 温"；其次，直接补贴企业参展费用、联动国企民企搭建全渠道销售体系等举措直击外贸企业转内销面 临的国内分销网络和品牌认知不足等痛点；最后，同线同标同质政策，则从生产端打破内外销市场壁 垒，让转型不再停留于清库存的权宜之计。 中国国际经济交流中心经济研究部副部长刘向东对《证券日报》记者表示，面对复杂多变的国际经贸环 境，各地纷纷采取有力有效的措施，帮助外贸企业纾困解难，尤其在拓展多元化市场方面和出口转内销 方面实施诸多便利化政策，在商品引荐、资金结算等方面给予受损外贸企业倾斜，助力企业克服难关， 真正让外贸优品在国内市场扎根。 今年《政府工作报告》明确，支持内外贸一体化发展，加快解决 ...

针对数字化转型挑战，联合国工发组织驻巴林代表哈希姆·侯赛因强调需加强职业培训合作："我们 亟须中国在科技发展方面的帮助。"他表示，阿拉伯国家亟须与中国共建职业院校，培养智能制造人 才。此倡议获得利比亚-中国商务委员会主席米拉迪·埃尔布利基响应，他介绍，中国企业在近几年，参 与了利比亚超过50项的大型项目，未来在智慧城市的打造中也期待中方的技术支持。 中国国际商会秘书长孙晓表示，中阿需携手发挥各自优势搭建"双循环"合作平台。中国将依托中阿 企业家大会等机制，在能源、新能源汽车、数字经济等领域深化对接。阿拉伯农工商会总联盟秘书长哈 立德·哈纳菲表示，期待通过中阿企业家大会、链博会等平台深化合作。 与会嘉宾一致认为，中阿合作需在巩固能源、基建等传统领域基础上，向智能制造、绿色经济等新 兴领域突破。可持续经济论坛主席史光德提出"共同管理港口"创新模式，同时建议建设中阿联合工业 区、共享研发中心实现产业链深度嵌套。 海南日报海口4月29日讯(海南日报全媒体记者 武佳)4月29日，在中国—阿拉伯国家合作论坛第十 一届企业家大会暨第九届投资研讨会期间，中国—阿拉伯贸促机构和商协会圆桌会议在海口召开，来自 中国贸促系统、阿拉 ...

共进股份 20250429 摘要 • 共进股份 2024 年因资产减值由盈转亏，但 2025 年一季度利润同比大增 267%，主要受益于费用率下降和营收增长，净利率显著修复转正。 • 公司境内收入增长约 6%，海外收入下降约 7%，但境外主营业务毛利率提 升至 17.5%。胖类产品占比最高，数通产品结构变化显著，800G 数据中 心交换机已开始出货。 • 数通业务方面，海外市场因疫情影响需求回落，新客户导入期未形成批量 发货，国内市场份额上升，400G 产品出货带来营收增长。 • 网通业务是公司主营业务中占比最大的部分，重点客户盈利能力逐步修复， 海外订单提前备货，2025 年一季度收入、利润和在手订单表现亮眼。 • 预计 2025 年服务器订单将超过 7 万台，公司正积极扩产以满足客户需求， 服务器产品包括通用服务器和 AI 服务器，收入计费采用净额法。 • 高速交换机 400G 和 800G 产品去年出货规模接近亿元级，预计今年增速 至少在 50%到 60%以上。国内市场价格战或将缓解，高端产品竞争门槛 提高。 • 公司采取内外双循环策略应对贸易摩擦，中国大陆产品尽可能使用国产化 材料，海外市场则选择美国 ...

• 电解水制氢设备成本下降显著影响绿醇、绿氨等产品制造成本，辽源项目 每公斤绿氢生产成本约为 15 元人民币，未来随着设备成本降低及工艺优 化，绿色甲醇有望竞争传统灰醇市场。 Q&A 中国天楹在 2024 年的经营业绩如何？有哪些主要影响因素？ 中国天楹 20250429 摘要 • 中国天楹 2024 年通过精细化管理和组织变革提升盈利能力，但受菲律宾 子公司补税影响，归母净利润为 3.16 亿元。若剔除补税影响，则同比增 长 37.41%。 • 2025 年一季度，中国天楹营收同比下降 3.64%，归母净利润同比下降 47.63%，主要受海外 EPC 业务未达收入确认节点、新能源项目融资导致 财务费用增加以及税收优惠政策到期影响。 • 中国天楹将持续推进国内国际双循环发展策略，利用先发优势拓展海外垃 圾焚烧发电市场，并与苏伊士集团战略合作，落地 EPC 项目，同时重点推 进东北氢能项目，已获得接近 10GW 风光指标。 • 2025 年一季度，垃圾焚烧发电板块收入占比约 50%，毛利率维持在 47% 左右；城市环境服务业务收入占比约 35%，毛利率约为 24%。 • 全球贸易局势通过外汇风险敞口间接影响公司 ...

促进跨境电商发展，完善跨境寄递物流体系，加强海外仓建设，是当下和今后工作的一项重要任务，近 期不少地区在拓展跨境物流网络方面作出了有益探索。 跨境寄递物流体系作为连接国内国际双循环的关键纽带，对提升产业链供应链韧性、促进内外贸一体化 发展、服务高水平对外开放具有战略意义。通过降低物流成本、优化资源配置、畅通国际通道，跨境寄 递物流不仅加速国内优质商品和服务"走出去"，还推动全球资源要素高效整合，为构建新发展格局提供 坚实支撑。 得益于国家构建起"中央统筹+地方特色"的政策体系，近年来我国跨境寄递物流体系实现跨越式发展， 全球寄递网络不断完善。2024年全国快递业务量突破1700亿件，其中，国际和中国港澳台地区快递业务 量增速达25%，多种跨境出海方式持续推进。至今已建设海外仓数量超2500个，总面积突破3000万平方 米。 跨境寄递物流快速发展的背景下，仍存在多重结构性矛盾亟待破解。一是成本高企，削弱中小企业竞争 力；二是通关便利化不足、口岸查验标准不一、数据共享不畅，导致跨境包裹因清关问题滞留时间过 长；三是数字化水平滞后，大部分中小企业未接入国际物流信息平台，全链路可视化率不足；四是海外 仓布局不均衡、专 ...