2025华南国际电动车及零部件展览会（简称"华南电动车展"）将于6月13日至15日在广州琶洲保利世贸博览馆举办。作 为华南地区最大的两轮车展，本次展会以"智领未来，链动全球"为主题，汇聚数百家行业优秀企业。作为行业头部品 牌，刚刚获得全球权威咨询机构弗若斯特沙利文"全球电动两轮车领先品牌"认证的爱玛科技将，携旗下爱玛元宇宙系 列、爱玛A7系列、爱玛商务电动车以及三轮、四轮电动车等产品重磅亮相1A03展位，全面展现在技术创新方面的雄厚 实力，以及对于用户需求的敏锐把握和前瞻洞察。 情感价值催生同频共振 据刚刚披露的爱玛科技2025第一季度报告显示，今年第一季度，爱玛科技的营收实现了高速增长，营业收入达62.32亿 元，同比增长25.82%；归属上市公司股东净利润6.05亿元，同比增长25.12%；现金流净额13.02亿元，同比增长91.14%， 实现主营业务与营收利润的多路径同步增长，能够取得这样的骄人战绩，足以印证爱玛科技作为行业领军品牌的系统性 优势，堪称为本次华南电动车展的重磅亮相提供了强有力的背书。 强大阵容凸显核心理念 基于"一切以用户为核心"的理念，秉持在技术方面的不断投入和迭代，以求打造用户喜爱的 ...

证券代码：301192 证券简称：泰祥股份 十堰市泰祥实业股份有限公司 投资者关系活动记录表 编号：2025-002 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及 人员姓名 通过全景网"投资者关系互动平台"（https://ir.p5w.net）参与 "湖北辖区上市公司 2025 年投资者网上集体接待日活动"的投 资者 时间 2025 年 6 月 12 日下午 14:00-16:40 地点 全景网"投资者关系互动平台"（https://ir.p5w.net） 上市公司接待人 员姓名 副总经理：何华强先生董事会秘书：姜雪女士 财务总监：王奎先生独立董事：许霞女士、沈烈先生 投资者关系活动 主要内容介绍 公司就本次投资者普遍关注的问题给予了回答，问题及答 复整理如下： 1、对于 2025 年的业绩，公司是否有信心达成增长。 答：尊敬的投资者，您好！公司对未来的发展有信心，公 司目前经营稳健，2025 年公司将围绕新产品、新市场开展具体 工作，确保完成公司全年经营计划目标。对于具体的业绩情况， 请 ...

最近呢，全球光刻机巨头阿斯麦的CEO富凯在接受《纽约时报》采访时，上来就放狠话，说美国搞的出口禁令，不仅砸了阿斯麦的饭碗，还得把中国逼 成"光刻机大佬"，富凯的原话是：你试图阻止的人会更加努力地取得成功，无论你设置多少障碍都没用。 要知道，业界对这位阿斯麦CEO的评价一直都是"内敛沉稳、低调不张扬"，能把这么一个"老实人"，逼得说出这么重的话，看得出来他现在对美国有多么的 不满。 作为荷兰半导体龙头，阿斯麦现在成了中美博弈的 "夹心饼干"。美国这两年疯狂收紧对华芯片出口限制，阿斯麦对华生意直接受影响；上个月特朗普还说 要对欧洲商品加 50% 关税，虽然两天后撤回了，但已经让阿斯麦股价大跌了一波。 按照富凯的说法，美国禁令相当蠢，并且有三个致命伤。 最后呢，富凯算过一笔账：阿斯麦去年营收 323 亿美元，但因为地缘政治和出口限制，股价一年跌了 25%。更要命的是特朗普的关税，直接让芯片生产成 本暴涨。"美国想在本土造芯片，得先把成本降下来，关税这么高，谁还愿意去美国建厂？" 另外根据报道，阿斯麦在华盛顿、布鲁塞尔、海牙都组了游说团队，天天劝欧盟和荷兰政府出手保护半导体产业。说白了，就是不想跟着美国瞎折腾，保住 ...

Core Insights - The competition in China's high-end kitchen appliance market is intensifying, with FOTILE, ROBAM, and Vatti forming a "three strong" situation, capturing nearly 45% of the online market share in the first four months of 2025 [1][3] - Vatti has shown resilience with a slight decline in market share, while FOTILE and ROBAM experienced more significant drops, indicating Vatti's stronger market fundamentals [1][3] - Vatti's average price increased by 2.15%, highlighting its brand premium and competitive edge through technological innovation and quality upgrades [1][3] Industry Trends - The high-end kitchen appliance sector is witnessing a shift from functional satisfaction to experiential upgrades, with consumers willing to pay a premium for smart, healthy, and aesthetically pleasing products [5] - Vatti is strategically targeting both high-end urban families and the new middle-class market with a combination of mid-range pricing and high-end technology [5][13] - The rural market is becoming increasingly important, with Vatti implementing a strategy of channel flattening and localized product development to tap into this potential [5][13] Brand and Product Strategy - Vatti is focusing on a "clean kitchen" system, expanding into related categories like water purification and waste disposal, while avoiding blind expansion [6][9] - The company is actively pursuing a brand rejuvenation strategy to appeal to younger consumers, leveraging celebrity endorsements and modern marketing techniques [7][9] - Vatti's core product categories, such as range hoods and stoves, account for over 66% of revenue, with a commitment to deepening product innovation [9][10] Channel Strategy - Vatti has successfully expanded its presence in the lower-tier markets, achieving a 41.35% growth rate in new retail channels and increasing its market share in these areas [13][14] - The company has shifted from a single-point breakthrough to a comprehensive penetration strategy in the lower-tier markets, establishing a robust online and offline sales network [13][14] - Vatti's collaboration with leading home decoration companies enhances its market reach and brand perception among high-value consumers in lower-tier markets [14][16] Conclusion - In the competitive landscape of high-end kitchen appliances, Vatti has carved out a unique path by focusing on user needs, continuous technological innovation, and adaptable market strategies, proving its capability to create new growth avenues [17]

光伏主产业自去年四季度进入自律减产阶段，通过减少供给阻止价格进一步下跌，降低企业利润亏损幅 度，缓和现金流持续流出的压力。自律减产保价在今年取得一定成效，主产业链大部分企业一季度净利 润环比增速转正。 但随着一季度光伏抢装潮结束，需求迅速萎缩，硅料、硅片等产品价格再度跌回减产保价之前的水平， 企业一度面临产能去化与成本售价倒挂的双重压力。 笔者统计，光伏主产业链共计约21家上市公司，18家企业一季度的扣非后归母净利润亏损，规模越大的 光伏制造商，亏损越严重。一体化龙头通威股份（600438.SH）亏损26.1亿元，"硅片双雄"TCL中环 （002129.SZ）、隆基绿能（601012.SH）均亏近20亿元，晶科能源（688223.SH）、晶澳科技 （002459.SZ）、天合光能（688599.SH）3家组件商亏逾10亿元。 尽管"反内卷"在过去一年多被频繁提及，但光伏产能出清效果仍不理想。 在比亚迪、吉利、长城等多家新能源车企高管发声后，"反内卷"已经成为新能源汽车行业发展的共识。 新能源汽车与光伏产业看似赛道不同，却有相似的发展轨迹。两个产业都经历过资本狂热追捧，在大规 模产能扩张后，面临产品跌价与产能出 ...

记者 吴卫群 见习记者 高晨辉 本届上交会由深圳市担任境内主宾城，总部位于深圳的华大基因携"GenSIRO-16灵曦高通量基因检 测AI+本地化解决方案"参展。在欧洲、美洲、亚太等地区，华大基因与超过3000家海外医疗和科研机 构建立了合作关系，同时在全球范围内与近400家精准医学实验室有合作。展位负责人表示："我们为临 床提供的医学检测服务构建了'覆盖全国、辐射全球'的网络布局，业务范围遍及全球100多个国家和地 区。" "十四五"以来，上海技术进出口合同金额年均增长8.6%。2024年，上海技术进出口合同金额为 213.3亿美元，同比增长17.7%，创历史新高，居全国各省区市首位。本届上交会开幕当天，商务部国际 贸易经济合作研究院发布了《全国技术贸易创新实践案例》，上海有多项成果入选。 随团而来的英国格拉斯哥毕克气体首次亮相上交会，带来实验室气体制备绿色解决方案。"我们的 氢气发生器可现场制备实验室所需氢气，通过'即产即用'模式替代传统运输罐装气体，不仅消除运输环 节的碳排放，更以闭环系统提升操作安全性。"展位负责人告诉记者，此次参展，企业不仅希望将最新 气体生成技术引入中国市场，更期待通过技术合作，为中 ...

对印度而言，过去十年所承接的技术与产业，不仅为其经济注入了直接动能，更在深层次上激发了本土创新的原动力，逐 步形成一个具有后发国家特色的"技术扩散—经济增长-技术创新"良性循环。 日本野村证券的经济学家在一份报告中指出了一个众所周知的事实：印度可能成为中美贸易紧张局势引发的供应链转移的 赢家。采购经理人调查显示，由于美国关税的不确定性继续导致新订单大幅下降，5 月份亚洲大部分地区的工厂活动放 缓，但印度5月份新出口订单增幅达到三年来最高水平之一。印度制造商对外强调，自己受到了来自亚洲、欧洲、中东和美 国的强劲需求。 | 国家 美国 日本 德国 法国 意大利 荷兰 | 2025年5月全球主要国家制造业PMI 2025年5月 48.5 49. 4 48.3 49.8 49.2 49 | 2025年4月 48.7 48.7 48. 4 48.7 49.3 49.2 | 环比 -0.2 0.7 -0. 1 1.1 -0.1 -0.2 | | --- | --- | --- | --- | | 爱尔兰 | 52. 6 | 53 | -0. 4 | | 希腊 | 53.2 | 53.2 | 0 | | 西班牙 | 50. ...

Industry Overview - The thermal materials industry in China is experiencing rapid growth, with a market size projected to reach approximately 22.2 billion yuan in 2024, representing a year-on-year increase of 8.18% [1][11] - This growth is primarily driven by the fast development of downstream sectors such as consumer electronics, communications, and automotive industries, which have a growing demand for thermal materials [1][11] - New infrastructure sectors like data centers and energy storage devices are emerging as incremental markets for thermal materials, with high-end thermal materials showing promising application prospects [1][11] Industry Development History - The industry has gone through three main stages: the initial stage from the 1950s to 1980s, the development stage from the 1990s to 2010, and the rapid growth stage from 2010 to the present [4][5] - The initial stage saw the use of metals like aluminum and copper, while the development stage introduced new materials such as silicone and aluminum oxide [4] - The current rapid growth stage is characterized by the emergence of advanced materials like graphene and carbon nanotubes, driven by the demands of AI, 5G, and other emerging technologies [4][5] Industry Value Chain - The upstream of the thermal materials industry includes raw materials and production equipment, such as graphite, PI film, silicone rubber, and various metals [7] - The midstream involves the manufacturing of thermal materials, while the downstream applications span consumer electronics, new energy vehicles, communication devices, home appliances, and healthcare [7] Key Companies and Performance - The industry is characterized by a "three-legged" competitive structure involving international giants, domestic leaders, and emerging companies [13] - Notable companies include Zhongshi Technology, which has developed artificial synthetic graphite with a thermal conductivity of 1200 W/(m·K), and Feirongda, which has seen revenue growth driven by demand from major clients like Huawei and Ningde Times [13][17] - Zhongshi Technology reported a revenue of 1.49 billion yuan in 2024, with a year-on-year growth of 27.54% [13][17] Market Trends - The industry is entering a phase driven by technological innovation, with new materials like graphene and phase change materials gaining traction [19][21] - Key growth engines for thermal materials demand include 5G communications, new energy vehicles, and data centers, with increasing power requirements leading to higher demand for thermal management solutions [21][22] - Domestic companies are enhancing their global presence and competitive edge through technological breakthroughs and vertical integration of the supply chain [22]

Industry Overview - The baby and children's clothing industry caters to children aged 0-14 years, with a focus on quality and safety standards in design and production [1][4] - The market size of China's baby and children's clothing industry has grown from 157.08 billion yuan in 2016 to 260.7 billion yuan in 2024, reflecting a robust growth trend [1][12] Market Environment - The demand for baby and children's clothing is directly linked to birth rates and national fertility policies, with a projected increase in birth rates to 9.54 million in 2024 [6][10] - Despite a decline in birth rates in recent years, the rising costs associated with child-rearing have led to increased spending on baby and children's clothing, with average costs reaching 538,000 yuan per child [8][10] Competitive Landscape - The market is characterized by intense competition, featuring both domestic brands like Balabala and international brands such as Disney and Nike Kids [14][15] - Major players include Jinfa Labi, Semir, and Anner, with varying market shares and brand recognition [15][18] Development Trends - The market is expected to continue expanding, driven by increasing birth rates and a shift towards higher quality and more personalized clothing options [20] - Sales channels are diversifying, with a significant shift towards online platforms, while offline channels are innovating to enhance customer experience [21] - Technological innovation and environmental considerations are becoming key drivers of industry growth, with a focus on smart and eco-friendly products [22]

核心议程与顶尖嘉宾阵容揭晓 过去十年，中国企业全球化进程完成三次历史性跨越：从依托劳动力红利的"成本驱动型" 商品出海，到借力资本杠杆 的"资源整合型" 跨国并购，再到以新能源、AI、数字技术为载体的"规则定义型" 标准输出。这场从"产品输出"到"生 态赋能"的质变，标志着中国角色正由全球产业链的跟随者转向规则共塑者。 当单边主义、贸易保护主义阴云笼罩全球供应链，技术封锁、碳壁垒、数据主权争端等新型贸易壁垒层出不穷，中国 企业的全球化征程面临前所未有的复杂挑战。 在此关键历史节点，由凤凰网主办的"2025中国企业出海高峰论坛"将于 6月28-29日在深圳隆重举行。论坛以"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，探寻生态化、可持续的出海新路径。 大会参会报名平台于今日正式开启。 但另一方面，当中国智造巨轮驶向深海，地缘政治裂变与规则重构的巨浪已扑面而来： 全球产业链格局深度重构叠加地缘政治紧张，"效率优先"的全球化逻辑让位于"安全可控"的优先考量，区域化、近岸 化、友岸外包趋势加速显现。技术民族主义抬头，半导体、AI、新能源等 ...