[Table_IndNameRptType] 电子 行业周报 电子行业周报：国产存储双雄崛起，存储芯片国产化持续进行 [Table_IndRank] 行业评级：增持 报告日期：2025-06-22 [Table_Chart] 行业指数与沪深 300 走势比较 [Table_Author] 分析师：陈耀波 执业证书号：S0010523060001 邮箱：chenyaobo@hazq.com [Table_Author] 分析师：李美贤 执业证书号：S0010524020002 邮箱：limeixian@hazq.com [Table_Author] 分析师：刘志来 执业证书号：S0010523120005 邮箱：liuzhilai@hazq.com 相关报告 主要观点： ⚫[Table_Summary] 本周行情回顾 从指数表现来看，本周（2025-06-16 至 2025-06-20），上证指数周涨 跌-0.57%，深证成指涨跌幅为-0.46%，创业板指数涨跌幅-0.88%，科 创 50 涨跌幅为-1.47%，申万电子指数涨跌幅-2.17%。板块行业指数 来看，表现最好的是 LED，跌幅为 0.46%，集成电 ...

Core Insights - The RCEP region is experiencing accelerated economic integration, with cross-border finance and digital trade becoming key growth engines for the global economy [1][3] - The demand for international talent with expertise in cross-border data compliance, digital marketing, and supply chain management is surging due to the explosive growth in digital trade and blockchain finance [3][5] Group 1: Digital Trade and Blockchain Finance - In 2021, RCEP member countries' digital trade exports reached $606.977 billion, a year-on-year increase of 14.84%, while the blockchain finance market is expected to exceed 200 billion RMB by 2025 [1] - The cross-border e-commerce import and export total for China is projected to surpass $369 billion, with Southeast Asia's e-commerce market expected to exceed $300 billion by 2025 [3] - The cross-border settlement scale based on blockchain is expected to exceed $1.2 trillion by 2026, with transaction fees reduced by 75% compared to traditional systems [3] Group 2: Talent Development and Educational Initiatives - The Capital University of Economics and Business (CUEB) International Undergraduate Program is implementing a "business + data science" dual-engine curriculum to meet industry needs [5] - The program collaborates with over 300 companies, providing students with internship opportunities and a direct pathway to employment, resulting in a job placement rate 6.2 times higher than ordinary institutions [6] - Graduates receive both domestic and overseas degrees, benefiting from various policy incentives that enhance their employability in multinational companies [7] Group 3: Global Career Pathways - The CUEB International Undergraduate Program offers a three-tiered training system that facilitates students' transition from local to global career opportunities [9] - The program includes an EAP academic English curriculum that allows students to bypass IELTS requirements for admission to top global universities [9] - The introduction of a transfer pathway to the University of Hong Kong enables students to convert 70% of their credits after completing their first year abroad, enhancing their academic progression [9]

Group 1 - The establishment of the Shandong branch of Zhongke Boai (Beijing) Health Technology Co., Ltd. in Jinan marks an important step in the company's national strategic layout and a commitment to the health sector in Qilu [2] - The company aims to provide high-quality and convenient health services by leveraging Shandong's cultural heritage and regional advantages, contributing to the "Healthy China" strategy [2] - The chairman, Cui Xiansheng, emphasizes the importance of mental health and plans to use professional knowledge to make significant contributions to society [2] Group 2 - The company has appointed experts from the Jinan Mental Health Association and Shandong Mental Health Center as advisory consultants, enhancing its professional capabilities [3] - Future plans include developing personalized health solutions based on local needs, increasing research investment, and integrating AI and big data with health services [3] - The company aims to build a health ecosystem in collaboration with local institutions, benefiting a wider community and supporting mental health initiatives in Qilu [3]

Industry Overview - Vaccines are essential biological products for preventing and controlling infectious diseases, representing a core defense in public health systems [1][5] - The Chinese vaccine industry is experiencing rapid growth, with the market size projected to increase from 306.22 billion yuan in 2015 to 1,762.19 billion yuan in 2024, and expected to exceed 300 billion yuan by 2031 [1][5] Industry Chain - The upstream of the vaccine industry includes raw material supply, such as microcarriers, human serum albumin, and packaging materials [3] - The midstream involves vaccine research and production, with key players including Sinopharm, Sinovac, CanSino, Zhifei, and Watson [3] - The downstream consists of vaccine distribution and consumption, reaching end consumers through health service centers and medical institutions [3] Current Industry Status - As of December 31, 2024, 47 companies in China have received vaccine batch approvals, totaling 543 million doses, with a decrease of 5.6% compared to 2023 [7] - The most approved vaccines in 2024 were influenza and rabies vaccines, each exceeding 80 million doses, accounting for 30% of total approvals [9] Market Competition - The Chinese vaccine market is characterized by a diverse competitive landscape, with local companies like Sinopharm and Zhifei rising against foreign giants like Merck and Pfizer [11] - Zhifei has achieved significant growth in international markets, with a 300% increase in exports of its WHO-precertified 23-valent pneumococcal polysaccharide vaccine [11] - Innovative companies like CanSino and Watson are making breakthroughs in mRNA and recombinant protein vaccines, enhancing their market presence [11][12] Future Trends - Technological innovation is driving the vaccine industry forward, with new platforms like mRNA and gene-engineered vaccines emerging [17] - The adult vaccine market is growing, with a 45% increase in HPV vaccine uptake in 2024, indicating a shift in public health awareness [18] - Chinese vaccine companies are expanding internationally, with over 2.5 billion doses of COVID-19 vaccines supplied abroad, focusing on markets in Africa and Southeast Asia [19]

Core Insights - The article highlights the significant advancements in rice breeding led by Qian Qian, a prominent figure in agricultural research, particularly in the development of a new ultra-dwarf rice variety named "Xiao Wei," which achieved a yield of 410 kg per mu in field trials [1][2]. Group 1: Research and Development Achievements - Qian Qian and his research team have dedicated over 40 years to decoding the "genetic code" of rice, leading to the creation of nearly 50 new varieties and over 50 patents [2]. - The team has published 343 SCI papers and developed a comprehensive framework for the scientific classification and resource utilization of wild rice species [2]. - The establishment of the world's largest and most robust wild rice germplasm resource protection platform is a key achievement, providing essential genetic resources for rice breeding [3]. Group 2: Technological Integration and Future Plans - The integration of traditional breeding methods with molecular biology and advanced technologies such as big data and artificial intelligence is transforming rice breeding into a more efficient and precise process [2]. - Plans for vertical farming techniques are underway, aiming to further increase rice yields by optimizing space utilization [1]. Group 3: Community Engagement and Recognition - Qian Qian actively collaborates with local communities to promote agricultural modernization and rural development through innovative projects [3]. - He has been recognized as a "National Model of Dedication and Contribution," underscoring his commitment to addressing global food security challenges [3].

从政策效能看，近年来我国密集出台数百项政策举措支持跨境电商发展，从税收优惠到海外仓建设，从 通关便利化改革持续推进到金融创新举措加快落地，一系列政策组合拳形成的"制度护城河"，为跨境电 商蓬勃发展注入强劲动能。 从技术创新看，不断迭代的人工智能技术、大数据开发利用等与跨境电商实现深度融合，催生了全托管 服务、智能选品等新模式。依托大数据精准分析，跨境电商前置仓模式可让欧美消费者仅用3天即可收 到货物，诸如这样的技术运用，正不断将"中国速度"推向全球。 我国跨境电商规模庞大，但未能摆脱"大而不强""低端锁定"的标签，物流、支付等基础设施仍存短板， 产业生态链上"断点"待补，未来仍需在自有品牌重塑、技术深水区创新、构建产业链供应链生态等方 面，锻造跨境电商"硬核"竞争力。 海关总署公布的数据显示，今年前5个月，我国货物贸易延续了平稳增长态势，同比增速2.5%在全球经 济增速放缓、美国关税政策频繁调整背景下，这一成绩来之不易，显现出我国外贸的较强韧性。这背 后，"新引擎"跨境电商功不可没。 跨境电商是近年来最具活力的外贸新模式新业态之一。2024年，我国跨境电商规模再创历史新高，全年 14%的增速高出同年货物贸易增 ...

Core Insights - The establishment of a joint innovation laboratory between Zhongfutong Group and Zhongzi Data Technology marks a significant step in the strategic layout of "Big Data + AI" for industrial upgrading [2][3] - The laboratory will focus on the deep research and application of a "source inquiry compliance procurement platform," integrating resources to enhance data value and drive technological breakthroughs in key areas such as big data analysis and AI algorithms [2] - This collaboration aligns with national digital economy development strategies and aims to promote intelligent upgrades in procurement supply chains, ultimately creating a modern procurement ecosystem that is efficient, transparent, and compliant [2][3] Summary by Sections - **Strategic Cooperation**: Zhongfutong and Zhongzi Data have signed a deep strategic cooperation agreement to leverage "Big Data + AI" technologies for intelligent procurement digital innovation [2] - **Laboratory Focus**: The joint laboratory will initially concentrate on developing a compliance procurement platform, providing data support and decision-making assistance for core business scenarios such as precise matching in bidding and procurement risk monitoring [2] - **Future Developments**: The laboratory plans to jointly develop innovative data products to facilitate the digital transformation of enterprise procurement, enhancing the efficiency and compliance of the procurement ecosystem [2][3] - **Impact on Industry**: The collaboration is expected to accelerate breakthroughs in core technologies for intelligent procurement and establish a data-driven, intelligent decision-making procurement model, improving supply chain efficiency and the business environment [3]

据港交所6月20日披露，潍柴雷沃智慧农业科技股份有限公司(简称：潍柴雷沃)向港交所主板递交上市 申请，中金公司为其独家保荐人。 招股书显示，潍柴雷沃是中国领先的智慧农业整体解决方案服务商。公司通过融合先进的成套智能农机 装备与智慧农业服务，打造了一套涵盖农业生产全周期的智慧农业整体解决方案，可覆盖耕整、种植、 田间管理、收获、秸秆处理与粮食烘干等现代农业生产的各个环节。 公司的业务基于两大核心支柱：一是成套智能农机装备，涵盖拖拉机、收获机械和农机具，覆盖从耕 整、种植、田间管理、收获、秸秆处理与粮食烘干等现代农业生产的各个环节，重点聚焦高端化、智能 化农机装备，助力解决"谁来种地"问题； 二是智慧农业服务，以农机作业实时数据为核心，融合IoT、人工智能与大数据技术，全面感知土壤、 作物与环境状态，借助AI模型智能分析数据生成精准作业决策，并指导智能农机开展协同化精准作 业，提升生产效率与质量，助力真正实现"科学种地"。 公司的产品组合涵盖高品质的智能农机，主要包括拖拉机；收获机械；农机具。其中，拖拉机和收获机 械是主要的收入贡献来源，占比超过90%。截至2024年12月31日，公司拥有六个农机和相关零部件的生 ...

证券代码：002402 证券简称：和而泰 深圳和而泰智能控制股份有限公司 投资者关系活动记录表 编号：20250620 | 投资者关系活动 | □特定对象调研 □分析师会议 | | | | | --- | --- | --- | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | | | | □新闻发布会 □路演活动 | | | | | |  现场参观 | | | | | |  其他（电话会议） | | | | | 参与单位名称 | 广州私募基金协会、西部证券、民生加银基金、华安基金、国 投证券、中信证券、点亮投资、小维塔投资、凯思基金、信见 | | | | | | 投资、熙宁投资、民沣基金、明华信德基金、润融私募投资基 | | | | | | 金、弘安资产、涌瑞私募基金、乐盈（珠海）私募证券投资管 | | | | | | 理公司 | | | | | 时间 | 年 月 日 2025 6 19 10:00-11:00 | | | | | | 2025 年 6 11:00-12:00 | 月 | 19 | 日 | | | 年 月 日 2025 6 20 10:00-11:00 | | ...

ISSB主席：中国为增强全球可持续信息披露作出贡献 中国中车集团董事王铵表示，建立统一的可持续披露准则是降低披露成本的重要前提。作为全球首个面 向全球资本市场的适应性披露准则，ISSB不仅为企业提供了清晰的报告框架和技术指引，更为各国企 业提供清晰的披露路径与衡量标准，极大提升信息的一致性、可比性和透明度。助力资本市场更准确评 估企业可持续的表现，为构建全球统一可持续信息披露体系奠定了坚实的基础。 安永全球企业报告服务负责人Michiel van der Lof进一步提出，很多企业的可持续发展报告披露工作实 务中容易存在一些误区。一方面，有人觉得发布的报告必须要一板一眼地严格遵照ISSB标准，披露所 有的风险和机会才是完美的。但现实是，ISSB标准是为企业提供了一个分析和决策的框架，并不是所 有信息都值得企业去披露，那些令董事会和管理层觉得"夜不能寐"的风险和机会才是真正有价值而必须 披露的。另一方面，有人可能会在信息披露方面走极端，但其实企业需要掌握详尽（披露）和成本效应 之间的平衡，认识到不存在完美的披露，而是要学会在披露中不断地提升和进步。 国际可持续准则理事会（下称"ISSB"）主席范易谋在上述大会上 ...