Core Points - Tianjin Ente Energy Technology Co., Ltd. has launched the "Blade" series all-silicon carbide inverters, which significantly enhance energy efficiency and adaptability in energy storage stations, achieving a 50% reduction in energy loss, a 66.67% weight reduction, and a 600% increase in power density [1] - The Tianjin innovation-driven development strategy is supported by the establishment of science and technology parks, which serve as vital platforms for fostering innovation and collaboration between research institutions and technology enterprises [1][2] - In 2024, Tianjin's R&D investment intensity reached 3.58%, placing it among the top cities globally in the "Nature Index - Research Cities" ranking [1] - The Tianjin government is actively promoting the integration of technology and industry, with a focus on enhancing the innovation ecosystem and facilitating the commercialization of scientific research [2][3] - The Tianjin Technology University has established a company leveraging intellectual property rights, demonstrating the successful collaboration between academia and industry [2] - The Tianjin technology contract transaction volume exceeded 200 billion yuan, marking a growth of over 10% year-on-year [2] - The Baodi District's Jing-Jin-Zhun Technology City is fostering a collaborative industrial ecosystem, facilitating the transfer of innovative results from Beijing [3] - In 2024, the technology contract transaction volume between Tianjin and the Beijing-Tianjin-Hebei region increased by over 35% [3] - Tianjin's government is committed to optimizing policies and services to accelerate the transformation of scientific achievements and enhance industrial quality [4]

Core Viewpoint - The collaborative development of the Beijing-Tianjin-Hebei Free Trade Zones is vibrant, but faces challenges such as inconsistent tax policies and tax sharing issues among the three regions [2][3][5] Tax Policy Inconsistencies - There are differences in applicable tax rates for certain taxes like vehicle and vessel tax, urban land use tax, property tax, and deed tax due to the varying economic development levels and resource endowments of the three regions [2][3] - The lack of coordination in tax incentive policies leads to inconsistent recognition standards for innovation, affecting businesses operating across regions [3][4] Recommendations for Tax Policy Coordination - A unified tax rate standard for vehicle and vessel tax, urban land use tax, property tax, and deed tax should be established based on thorough research and consideration of regional economic conditions [4] - A tax incentive policy coordination mechanism should be created to ensure consistency and coherence of tax incentive policies across the three regions [4] Challenges in Tax Revenue Sharing - The tax revenue sharing faces three main challenges: the divergence between tax revenue and tax sources, the need for improved tax coordination mechanisms, and differences in tax collection standards and policy execution among the regions [5] - The "siphoning effect" leads to tax revenue outflow from regions like Hebei due to cross-regional operations and headquarters economy [5] Suggestions for Improvement - The "Tongwu-Lang" area should be explored as a pilot for tax revenue sharing, focusing on key parks and cross-regional joint investment platforms [5] - Flexibility in horizontal transfer payments should be utilized to facilitate tax revenue sharing and address issues related to tax base division and factor mobility [5] - Integration of tax administration services across the three regions should be deepened, promoting a collaborative governance model [5]

Core Viewpoint - Guangdong Lair Technology Co., Ltd. is undergoing a share transfer where its controlling shareholder, Guangdong Tenail Investment Co., Ltd., will transfer 7,759,000 shares (5.00% of total shares) to Guangdong Shiyun Circuit Technology Co., Ltd. at a price of 19.74 yuan per share, totaling 153,162,660 yuan. This transfer does not involve a change in control or significant impact on the company's governance structure [1][2][3]. Summary by Sections Agreement Transfer Overview - The share transfer involves Guangdong Tenail Investment Co., Ltd. selling 7,759,000 shares to Guangdong Shiyun Circuit Technology Co., Ltd. at a price of 19.74 yuan per share, amounting to 153,162,660 yuan [2][3]. - Before the transfer, Tenail held 80,000,000 shares (51.55% of total shares), and after the transfer, it will hold 72,241,000 shares (46.55%) [1][2]. - Shiyun Circuit will hold 7,759,000 shares (5.00%) post-transfer, having held none prior [1][2]. Background and Purpose of the Transfer - Shiyun Circuit is a listed company on the Shanghai Stock Exchange, focusing on printed circuit boards (PCBs) and has expanded into high-growth sectors such as new energy vehicles and AI [2][3]. - The transfer aims to establish Shiyun Circuit as a strategic investor and long-term partner for Lair Technology, facilitating collaboration in automotive electronics, new energy batteries, and emerging fields like AI and robotics [3][4]. Strategic Cooperation Framework - The partnership will focus on joint research and development, optimizing product offerings in areas like "film + FFC + PCB" solutions, enhancing customer engagement and product performance [3][14]. - Both companies will leverage their customer resources in automotive electronics and new energy sectors to expand market coverage and enhance competitiveness [6][14]. - The collaboration will also explore supply chain synergies, aiming to improve procurement efficiency and stability [7][15]. Future Collaboration and Market Expansion - The strategic relationship is expected to drive joint market development, particularly in high-growth areas such as AI servers and low-altitude flying vehicles [6][14]. - Both companies will work together to identify potential acquisition opportunities in high-growth sectors, enhancing their market positions and long-term value [8][15]. Compliance and Approval Process - The share transfer is subject to compliance confirmation by the Shanghai Stock Exchange and registration with the China Securities Depository and Clearing Corporation [2][3].

Core Viewpoint - The company intends to acquire 7,759,000 shares of Guangdong Lair Technology Co., Ltd., representing 5.00% of its total share capital, at a price of 19.74 yuan per share, totaling 153,162,660 yuan, to enhance strategic cooperation in various high-tech fields [1][2][3] Transaction Overview - The transaction involves the acquisition of shares from Guangdong Tenair Investment Co., Ltd. to promote strategic collaboration in automotive electronics, new energy batteries, low-altitude flight, humanoid robots, and AI servers [2][3] - The shares will be acquired at a price of 19.74 yuan per share, based on the closing price on the trading day prior to the agreement [4][12] - The funding for the acquisition will come from the company's own funds [4][12] Purpose and Reason for the Transaction - The acquisition aims to establish a strategic partnership with Lair Technology, facilitating resource integration and enhancing competitiveness in emerging fields [3][11] - The collaboration is expected to improve shareholder returns and expand market reach, particularly in the domestic market for automotive and electronic products [3][11] Nature of the Transaction - The transaction is classified as a related party transaction due to the involvement of a related party, De Xin Venture Capital Co., Ltd., which holds a minor stake in Lair Technology [2][3] - The transaction does not constitute a major asset restructuring as defined by relevant regulations [2][3] Financial Performance of Lair Technology - Lair Technology reported a revenue of 526 million yuan for the year 2024, a year-on-year increase of 19.95%, and a net profit of 37 million yuan, up 27.69% [11] - For the first quarter of 2025, the company achieved a revenue of 165 million yuan, representing a 65.94% year-on-year growth, with a net profit of 11 million yuan, up 27.87% [11][10] Strategic Cooperation Framework - The strategic cooperation will focus on joint research and development, leveraging each company's strengths in technology and market channels to create a global collaborative sales system [16][17] - The partnership aims to explore supply chain collaboration and joint investment opportunities in various high-tech sectors [16][17]

Core Viewpoint - Leading photovoltaic glass companies are proactively reducing production to practice industry self-discipline and address "involution" competition, aiming to stabilize market order and adapt supply and demand [1][2] Industry Overview - Global photovoltaic supply-demand mismatch has led to component prices falling below cost, resulting in continued losses for leading companies in 2024. Proactive production cuts are expected to help restore supply-demand balance [1] - Domestic policies promoting the exit of outdated production capacity are expected to support the industry's efforts to adjust supply [1] Strategic Approaches - Photovoltaic companies should focus on technological iteration to build differentiated competitiveness. The rapid evolution of technology is key to breaking the current deadlock, with three main technology routes competing intensely: TOPCon, BC technology, and perovskite tandem technology [1][2] - Companies need to optimize capacity layout, balancing "capacity reduction" with "shortboard supplementation." Expanding production overseas can help avoid trade barriers and capture incremental demand in emerging markets [2] - Deepening industry chain collaboration is essential, transitioning from mere product suppliers to comprehensive energy service providers. Companies can adopt a "vertical integration" model to reduce costs and explore new application scenarios such as "distributed photovoltaics," "photovoltaics + energy storage," and "photovoltaic hydrogen production" [2]

7月4日上午9点半，第五届长三角体育节轮滑比赛于金山轮滑球馆正式拉开帷幕。这场由苏浙皖沪三省 一市体育部门联合主办的区域性轮滑赛事，不仅受到长三角地区队伍的积极响应，也吸引到包括陕西、 广东省份代表队的踊跃报名。 单排单人滑是今天比赛的第一个小项。来自上海星光之梦队的龚启明是一名冰转轮的选手。他带着短节 目《哪吒》第一个亮相。认真的态度、投入的表演和扎实的功底，一开场就抓住了裁判与观众的心。最 终，他毫无争议地获得该组别冠军。 双排单人滑男子少年甲组的比拼成为焦点。来自上海轮滑学校的戴梓超摘得该项目桂冠。他在转型轮滑 之前练习过体操项目。看得出长年的体育训练与比赛经历培养了他超越年龄的沉稳。7月下旬他将赴韩 国釜山参加花样轮滑亚锦赛，交谈中他谦虚而略带期待地说："我争取拿到好成绩，起码前四名吧。" 当天的比赛还进行了单人舞蹈、双人滑、队列滑、小团秀、四人秀等小项。这场长三角赛事也是明天中 国轮滑（花样轮滑）公开赛（上海金山站）的预演。 本次长三角体育节花样轮滑比赛不仅是一场竞技盛宴，也是区域轮滑协同发展的关键里程碑。赛后，一 项具有深远意义的签约仪式隆重举行。江苏省、浙江省、安徽省、上海市轮滑运动协会正式签署 ...

【导读】又有理财子公司 " 换帅 " ，北银理财董事长方宜任职资格获批 中国基金报记者 王思文 7 月 4 日，国家金融监督管理总局北京监管局公布批复显示 ，核准方宜北银理财有限责任公 司董事、董事长的任职资格。 公开资料显示， 方宜曾任北京银行济南分行副行长、北京银行石家庄分行党委书记、行长等 职务。 2021 年 9 月，监管核准了方宜北京银行石家庄分行行长任职资格。 北银理财是北京银行旗下全资理财子公司，注册资本为 20 亿元。公司成立于 2022 年 11 月，同年 12 月正式开业，开业仪式上即发布两项指数，分别为 中债 - 北银理财绿色发展风 险平价指数和中证北银理财北京科技领先指数。 步艳红是北银理财开业后的首任董事长。 据北京银行披露的北银理财 2024 年业绩数据，截至 2024 年末，北银理财管理资产规模达 3892 亿元，较上年末增长 33.52 ％；净利润达 2.58 亿元，较上年末下降 17.3 ％；总资 产、净资产分别为 27.42 亿元、 26.07 亿元。 编辑：晨曦 校对：纪元 制作：舰长 审核：许闻 版权声明 《中国基金报》对本平台所刊载的原创内容享有著作权，未经授权禁止转 ...

Core Viewpoint - The implementation of the Beijing-Tianjin-Hebei coordinated development strategy has significantly enhanced agricultural collaboration among the three regions, leading to improved agricultural product supply capabilities and the establishment of a comprehensive agricultural product circulation system [1][3]. Group 1: Agricultural Supply and Market Development - The three regions have established a robust agricultural product circulation system, market information system, quality testing, and market access system, with Hebei vegetables accounting for 42.5% of the Beijing market, making it the largest supplier of vegetables to Beijing [1]. - The Shouheng Gaobeidian International Agricultural Product Trading Center has rapidly grown into the largest commercial complex in northern China and the largest single agricultural wholesale market in the country since its establishment in 2013, ranking first in the national agricultural wholesale market for three consecutive years [1]. Group 2: Market Performance and Future Outlook - The Shouheng Gaobeidian market currently hosts over 8,700 merchants, with a projected annual transaction volume of 19.1 million tons and a transaction value of 141 billion yuan in 2024, utilizing a "market + base + farmer" cooperation model to deliver nearly 10 million tons of agricultural products to the Beijing-Tianjin-Hebei region [3]. - The Shouheng Group's Xiaogan Shouheng City project has achieved a cumulative transaction volume exceeding 10 million tons within just one and a half years of operation, becoming a benchmark in the industry and an important agricultural distribution hub in Central China [3]. - Looking ahead, the three regions will continue to deepen agricultural collaboration strategies, leveraging technology, brand leadership, and market connectivity to accelerate the upgrade of the entire agricultural industry chain [3].

Core Insights - The article highlights the evolution of China's electric vehicle industry, focusing on Li Auto's journey from a startup to a leading player with over one million vehicle deliveries and significant revenue growth [3][10] - It emphasizes the importance of supply chain management and collaboration in enhancing the competitiveness of Chinese automotive companies [5][10] Group 1: Li Auto's Development - Li Auto has transformed from facing industry challenges to becoming a key player in the automotive supply chain, contributing to the resilience of China's automotive industry [3][9] - The company's approach is rooted in respecting users, the automotive industry, and partners, which has driven its success in building a robust supply chain [5][10] Group 2: Supply Chain Innovation - Li Auto's development of the "Magic Carpet" air suspension system exemplifies its commitment to innovation and quality, marking it as the first Chinese company to independently develop and mass-produce such technology [9][10] - The collaboration with local suppliers, such as Konghui Technology and Baolong Technology, has led to significant market share gains, with these suppliers achieving over 60% of the air suspension market by 2024 [9][10] Group 3: Collaborative Culture - Li Auto's cooperative culture has evolved from F.R.E.E. (Fairness, Respect, Equality, Commitment) to W.I.N. (Win-win, Innovation, Linkage), fostering a collaborative environment for innovation [10][11] - The company actively engages with partners through events like the "Co-creation Conference" to address industry challenges and align on long-term strategies [10][11] Group 4: Technological Advancements - Li Auto is leveraging AI technology to further transform the automotive industry, with plans to open-source its self-developed Star Ring OS in April 2025, enhancing collaboration with suppliers [13] - The integration of the Star Ring OS is expected to improve product development efficiency and risk management for suppliers [13]

Core Viewpoint - The "Three-Year Action Plan for Integrated Development of Health and Wellness in the Yangtze River Delta (2025-2027)" aims to enhance medical technology innovation, industry collaboration, international cooperation, and governance mechanisms in the health sector [1][2]. Group 1: Key Areas of Focus - The action plan includes seven key areas: improving the homogeneity of medical technology capabilities, enhancing public health safety, promoting medical technology innovation and pharmaceutical industry development, deepening integrated health governance, and optimizing support mechanisms for internationalization [2][3]. - The plan emphasizes the establishment of national regional medical centers, mutual recognition of inspection results, and the creation of specialized disease alliances to improve medical service quality [2][4]. Group 2: Industry Collaboration - The action plan encourages the development of a biopharmaceutical industry characterized by regional collaboration, requiring the three provinces and one city to leverage their respective advantages for industry deployment and cooperation [3][5]. - It supports the creation of a "technology innovation community" and cross-regional collaboration on clinical projects to facilitate the commercialization of scientific achievements [4][6]. Group 3: Internationalization Efforts - The plan highlights the importance of internationalization, proposing the establishment of an international medical alliance and high-level open platforms for healthcare [5][6]. - It aims to integrate high-quality medical resources and traditional Chinese medicine advantages to position the Yangtze River Delta as a high-end health tourism destination, promoting a dual-directional international cooperation model [6].