Core Viewpoint - The article discusses the uncertainty surrounding drug tariffs and the focus on the U.S. supply chain, highlighting that pharmaceutical and biotech companies are emphasizing their global networks and committing to increased investments in the U.S. over the next decade to mitigate potential impacts from new tariffs [3]. Group 1: U.S. Business and Layout Scrutiny - Biotech companies are showcasing their existing manufacturing networks and quantifying their revenue or profit exposure in various regions, with a shift in production focus due to policy impacts [4]. - Companies like Argenx and Vertex emphasize that a significant portion of their revenue and production occurs in the U.S., with Argenx stating that over 75% of its U.S. revenue comes from domestic manufacturing [5]. - Zai Lab has localized some production in China but is adjusting its strategy to shift production of upcoming drugs to the U.S. [4]. Group 2: Investment Commitments - Large pharmaceutical companies have committed over $270 billion in capital expenditures over the next decade, with U.S. biotech companies contributing more than $40 billion, primarily driven by Gilead's $32 billion commitment [7]. - Regeneron plans to double its manufacturing capacity in the U.S., while Amgen is also increasing investments in its U.S. manufacturing sites [7]. Group 3: Import Trends and Tariff Impacts - The proposed tariffs may accelerate the decline in the share of drugs imported from Canada, Mexico, and China, which collectively accounted for about 25% of U.S. drug imports in 2024, down from nearly 40% in 2010 [8][9]. - The share of drug imports from India has increased from 9% to 14% during the same period, indicating a shift in sourcing [8]. - Any increase in U.S. pharmaceutical costs could negatively impact demand in the EU, as the U.S. accounted for over 38% of EU drug imports in 2024, up from 33% in 2017 [11].

普华永道近期发布的《循变演进，价值新生》（Value in Motion）报告显示，全球制造业正在经历一场 划时代变革。在第四次工业革命的推动下，制造业企业已成为创新的主力军——它们积极拥抱自动化、 3D打印、人工智能等新技术，显著提升生产力、生产效率以及敏捷性，推动传统制造业的转型与先进 制造业的崛起。物联网企业、人工智能公司、网络安全专家和机器人制造商等新兴参与者正为该领域注 入新活力。报告预测，制造业企业如能跨越传统行业界限，响应新兴领域需求，将创造可观的新的经济 增长。预计到2035年，制造业领域将为全球GDP贡献超过34万亿美元。 普华永道中国主席兼首席执行官何睦宁（Hemione Hudson）表示："全球制造业与供应链正经历深刻变 革。链博会为企业提供了展示成果、互学互鉴的绝佳平台。中国在先进制造领域具有全球领先优势，把 握这一机遇对于中国经济持续稳定增长至关重要。实现高质量的生产需要整个制造业的转型升级，重点 在于强化资源模式、构建稳健的风险管理体系。普华永道致力于通过提供专业支持和服务，助力客户把 握新增长机遇，持续积累发展动能。" 7月16日，由中国贸促会主办的第三届中国国际供应链促进博览 ...

Core Viewpoint - The company Meidi Kai announced plans to acquire 100% equity of Haisholi Optoelectronic Technology (Suzhou) Co., Ltd. and INNOWAVE VIETNAM CO., LTD for approximately $2.1947 million to enhance its ultra-thin optical film filter business and integrate into the Samsung supply chain [1][2]. Group 1: Acquisition Details - The acquisition involves purchasing Haisholi for 2 billion KRW (approximately $1.4631 million) and INNOWAVE VIETNAM for 1 billion KRW (approximately $731,600) [1]. - Both target companies are critical in the ultra-thin optical film filter business, with Haisholi focusing on upstream optical production and INNOWAVE VIETNAM handling downstream printing and precision cutting, indicating a synergistic relationship [1][2]. Group 2: Financial Performance - Both companies are currently operating at a loss, with Haisholi reporting revenues of 36.9314 million yuan and 7.3365 million yuan for 2024 and the first five months of 2025, respectively, and net losses of -7.2785 million yuan and -8.8663 million yuan [2]. - INNOWAVE VIETNAM reported revenues of 36.3744 million yuan and 7.1466 million yuan for the same periods, with net losses of -18.6644 million yuan and -11.4457 million yuan [2]. Group 3: Strategic Significance - Despite the short-term losses, the company views the acquisition as strategically significant, as INNOWAVE VIETNAM is already part of the Samsung supply chain, allowing direct access to Samsung and filling a gap in the ultra-thin optical film filter sector [2][3]. - Post-acquisition, the company plans to optimize its supply chain by eliminating intermediaries, which will reduce costs and improve efficiency [2][3]. Group 4: Industry Context - The optical optoelectronic and semiconductor sectors in South Korea are globally significant, making it a core market for the company's overseas expansion [3]. - The integration of the Vietnamese factory will provide an overseas production base, further advancing the company's international strategy [3]. Group 5: Operational Improvement Plans - The company has developed a "turnaround plan" for the target companies, which includes personnel restructuring, equipment upgrades, and capacity optimization to enhance operational efficiency [3]. - Market analysis suggests that if the integration is successful, the company could leverage the Samsung supply chain and overseas production capabilities to unlock new growth opportunities [3].

Group 1 - The third China International Supply Chain Promotion Expo (referred to as "Chain Expo") opened in Beijing on July 16, featuring five companies from Liaoning province and attracting nearly a thousand buyers and professional attendees [1] - The theme of this year's Chain Expo is "Linking the World, Creating the Future," with six chains and one exhibition area set up, including advanced manufacturing, clean energy, smart automotive, digital technology, healthy living, green agriculture, and supply chain service areas [1] - A total of 651 domestic and foreign enterprises and institutions participated, covering 75 countries, regions, and international organizations, with over 65% of exhibitors being Fortune 500 and industry-leading companies [1] Group 2 - The Liaoning Provincial Council for the Promotion of International Trade organized a delegation to showcase excellent local enterprises and facilitate face-to-face connections between exhibitors and professional buyers [2] - The Chain Expo will continue to release the "Global Supply Chain Promotion Report" and launch the global supply chain index matrix, which includes promotion, connection, innovation, and resilience indices [2] - An innovative feature of this year's expo is the establishment of a Sino-foreign exhibitor alliance to promote resource sharing and industrial collaboration among exhibitors, aiming to create a "never-ending Chain Expo" [2]

白糖、棉花研究员 从业资格号：F03116327 交易咨询号：Z0019233 邮箱:yangzeyuan@wkqh.cn 油脂油料研究员 从业资格号：F03114441 交易咨询号：Z0022498 电话：010-60167188 邮箱：sxwei@wkqh.cn 农产品早报 2025-07-17 五矿期货农产品早报 五矿期货农产品团队 从业资格号：F0273729 交易咨询号：Z0002942 邮箱：wangja@wkqh.cn 大豆/粕类 王俊 组长、生鲜研究员 周三美豆反弹收涨，北美天气较好及贸易战可能波及出口继续施压美豆，不过美豆估值略低，且近期旧 作销售较好及生物柴油政策支撑需求，整体维持区间震荡趋势。周三国内豆粕期货震荡，交易后期买船 不足与现实供应压力，现货小跌 10 元/吨，华东报 2810 元/吨，油厂豆粕成交较弱，提货仍较好。据 MYSTEEL 统计上周国内压榨大豆 229.54 万吨，本周预计压榨 238.03 万吨。 杨泽元 美豆产区未来两周降雨偏好，覆盖大部分产区，天气有利。巴西方面，升贴水近期稳中小涨，中美大豆 关税仍未解除等支撑当地升贴水，对冲美豆跌幅。总体来看，大豆进口成本暂 ...

Group 1 - The core viewpoint emphasizes the importance of high-quality development of the platform economy in Zhejiang, aiming to establish six new benchmarks in various areas such as innovation, industry modernization, international cooperation, consumer vitality, harmonious labor relations, and modern governance [2][3] - Zhejiang has seen a significant increase in platform enterprises, growing from 310 to over 850 in two years, maintaining a leading position in terms of quantity and transaction volume nationwide [3] - The provincial government acknowledges the increasing competition in the platform economy, highlighting the need for strategic initiatives to maintain its leading position and address challenges such as market saturation and insufficient international competitiveness [3] Group 2 - Emerging technologies like AI and supply chain intelligence are identified as new growth points for platform enterprises, with a focus on encouraging transformation towards high-tech enterprises [4] - Alibaba plans to invest over 380 billion yuan in cloud and AI hardware infrastructure over the next three years, marking the largest investment in this sector by a private company in China [4] - By 2027, Zhejiang aims to have over 1,000 platform enterprises, with more than 50 reaching a scale of 10 billion yuan, and a total revenue of platform enterprises reaching 2.2 trillion yuan [4]

聂文慧说："本届链博会泰国担任主宾国，山东作为主宾省，双方以'链'为媒， 共同讲好主宾一家亲的故事，希望大家用好这一平台,深度对接洽谈,找到合作伙伴,充分彰显链博会上中 下游衔接,大中小企业融通,产学研用协同,中外企业互动的四大鲜明特色。贸促会将依托全球30个代表处 和394个双边合作机制，助力鲁泰经贸合作，在链接世界共创未来的征程中相互成就，双向奔赴。" 【环球网财经报道 记者 张阳】2025年7月16日，第三届中国国际供应链促进博览会期间，中国（山东） ·泰国主题活动暨供应链国际合作推介洽谈会在北京中国国际展览中心同期举办。此次活动恰逢中泰建 交50周年，以"深化产业链供应链国际合作"为核心，汇聚了中泰两国政府官员、工商界领袖及国际机构 代表，共话合作新机遇，共绘发展新蓝图。 山东省副省长宋军继在致辞中指出，山东是中国东部沿海的人口大省、文化大省、经济大省和开放大 省，是畅通国内国际双循环的重要节点。当前山东省正深入推进"十链百群万企""融链固链"的专项行 动，助力企业买全球、卖全球，加快融入全球供应链体系。目前，山东产业体系健全完备，拥有全部41 个工业大类，207个工业中类当中的197个，超过100种 ...

第三届中国国际供应链促进博览会昨天在北京开幕。会上，《全球供应链促进报告》同步发布，首发供 应链四大指数矩阵，为全球供应链的深度合作提供"中国方案"。《报告》系统分析了全球供应链促进体 系在过去一年的最新态势，总结了中国为促进全球供应链发展而做出的主要实践和带来的最新机遇。并 聚焦全球前沿技术、关键产品研发的最新动态，绘制了无人机、AR眼镜和葡萄酒等6种产品的全球供应 链图谱。全球供应链指数矩阵显示：全球供应链整体发展仍较稳定，2018—2024年，构成全球供应链指 数矩阵的促进、连接、创新和韧性四个指数值均有所提升。(央视新闻) ...

□ 南京日报/紫金山新闻记者 张甜甜 "3、2、1！上'链'接！" 7月16日，在北京中国国际展览中心顺义馆，第三届中国国际供应链促进博览会（以下简称"链博会"） 如约而至。在各国企业争相来"赶集"的会场，记者发现，今年南京参展企业更多了、展品含"科"量更高 了，"找朋友"的意愿也更强了。当全球客商将"南京制造""南京服务"放进"购物车"，他们也将与南京 相"链"，与创新相"链"。 "链"出新意，未来图景照进现实 "头"戴螺旋桨、"脚"踩轮子、"身"着黑银相间"外衣"……走进清洁能源链馆的江苏省独角兽瞪羚企业联 盟展位，很难不被入口处具有未来感的摩托吸引住。 "这是我们研发的两栖载人飞行摩托，搭载了4个轴、8个电机及螺旋桨，配备的全自动折叠与展开系统 能让它在30秒内'变身'，不需要复杂组装就能实现陆地与空中行驶的无缝切换，搭载的AI智能导航系统 还能实时规划最优飞行路径。"南京快轮智能科技有限公司创始人刘峰说。 创新是链博会的底色，也是链博会的生命力所在。低空经济、人工智能、智能制造……本届链博会上， 更多来自南京的新产品、新技术、新模式，让链博会"新"意十足。 腰间绑着"碳中和"标签的一批批光伏板，从工厂 ...

国务院常务会议：加强成本调查和价格监测督促重点车企落实好支付账期承诺 何立峰出席链博会开幕式指出中国将做全球产业链供应链互利共赢的推动者 应对洪灾不力美20个州起诉特朗普政府要求恢复防灾减灾计划 英伟达CEO黄仁勋在接受采访时被问及AI训练时华为AI芯片能否取代英伟达，他称这只是时间问题。"重点在于，我们已经做了30年，他们（华为）已经做 了几年，而华为已经能告诉大家他们有多强大了。现在没有一个人比我付出更多精力来建造（AI生态），我已经在极高的水平、以难以执行的规模（在做 这件事），而华为已经能和我们相提并论，这说明了一些问题。"黄仁勋表示。（第一财经） 商务部办公厅发布关于做好境外投资者以分配利润直接投资税收抵免政策落实工作的通知。通知提出，各地商务主管部门应充分认识当前形势下，通过税收 优惠撬动作用激励境外投资者以利润扩大在华投资，对于稳定投资预期、降低投资成本具有重要意义，深入领会政策精神，准确把握政策要求，确保政策落 实到位。（新华财经） 近日，欧盟中国商会汽车工作组在布鲁塞尔与欧委会贸易委员谢夫乔维奇内阁官员及欧洲议会国际贸易委员会主席贝恩德朗格进行了工作交流。与会汽车工 作组代表重点就三方面议题 ...