央视网消息：12月24日，《鼓励外商投资产业目录（2025年版）》正式发布。此次新版鼓励目录，总条目共1679条，与2022年版相比 净增加205条、修改303条。新版鼓励目录主要的变化，体现在引导外商投资先进制造业，引导外商投资聚焦现代服务业，以及引导外 商投资中西部地区、东北地区和海南省。怎么看待新版目录的变化？背后反映了什么？又能给我们更大力度吸引外资，发挥怎样的促 进作用？《新闻1+1》连线对外经济贸易大学教授屠新泉，带来分析解读。 新版目录三大核心变化 如何解读？ 对外经济贸易大学教授 屠新泉：我们利用外资，应该说现在关注的重点已经不是数量，而是质量，所以布局和结构应该说是更关注 的一个方面，这次鼓励目录就从产业的角度，强调了先进制造业和现代服务业。从区域的角度，强调了中西部地区、东北地区，包括 海南省，这种导向一方面是国家的引导，国家希望这些外资能够往这些产业，往这些地区去发展，这些产业和地区应该说是我们国家 经济发展、产业发展的重点。 现代服务业哪些领域 迫切需要引进外资？ 对外经济贸易大学教授 屠新泉：主要是两个方向，一个是生产性的服务业，或者说主要服务于企业的服务业，在这方面，应该说我 们国 ...

Core Insights - Jiangsu's shipbuilding industry is experiencing significant growth, with exports reaching 130.59 billion yuan in the first 11 months, a year-on-year increase of 37% [1] - The region is focusing on high-end, intelligent, and green transformation to strengthen its position in the international market [1] Group 1: Jiangsu Shipbuilding Industry - Jiangsu's shipbuilding and marine engineering equipment industry is a key area of strength, with major shipyards having orders booked until 2027-2029 [1] - The export value of shipbuilding from Zhenjiang reached 2.68 billion yuan, a remarkable increase of 154.2% year-on-year [1] - Jiangsu Dajin Heavy Industry Co., Ltd. reported an export value exceeding 1 billion yuan, with significant growth compared to the previous year [1] Group 2: Taizhou Shipbuilding Sector - Taizhou's Sifeng Ship Engineering Co., Ltd. has delivered over 100 vessels and holds more than one-third of the global market share for 10,000-ton multi-purpose heavy-lift ships [2] - The company has successfully delivered dual-fuel container ships that utilize high-pressure natural gas and diesel, enhancing environmental and safety performance [2] - The order volume for Taizhou's shipbuilding has more than doubled compared to the previous year, with plans to deliver 16 vessels this year [2] Group 3: Jingjiang Shipbuilding Base - Jingjiang is recognized as the largest private shipbuilding base in China, with production schedules extending to 2029-2030 [3] - The export value of newly built ships from Jingjiang reached 33.47 billion yuan, reflecting a year-on-year growth of 6.8% [3] - The local customs authority is actively facilitating the shipbuilding process by providing policy guidance and improving inspection efficiency [3]

Core Insights - YTO Express has established a dual-track strategy focusing on "domestic steady growth" and "overseas breakthroughs," enhancing its competitive advantage in the express delivery industry [1] Group 1: Domestic Market Performance - YTO Express has achieved a market share in express delivery that surpasses Yunda, becoming the second-largest player in the industry, with continued growth in parcel volume expected through 2024 and the first three quarters of 2025 [2] - The company has invested in digitalization and smart logistics, enhancing its operational efficiency and service quality [2][4] Group 2: International Expansion - YTO Express is expanding its international express and freight services, focusing on high-quality routes such as Japan-China and Australia-China, with an expected overall business volume increase of over 80% in these premium routes by 2024 [2] - The company is also developing its international supply chain services across various industries, including apparel, automotive, and electronics, aiming to create an integrated logistics service capability [2] Group 3: Capital Expenditure and Efficiency - YTO Express plans to invest over 6.7 billion yuan in 2024, leading the "Tongda" express companies in capital expenditure, which will support capacity optimization and operational efficiency [3] - The company has successfully reduced its single ticket transportation cost to 0.42 yuan in 2024 and 0.37 yuan in the first half of 2025, reflecting a focus on cost optimization [3] Group 4: Technological Advancements - YTO Express is exploring advanced technologies such as unmanned vehicles and smart delivery cabinets to enhance delivery efficiency and reduce last-mile delivery costs [4] - The company has improved its service quality and customer experience through differentiated products and marketing innovations, leading to increased brand value and premium pricing [4]

Core Viewpoint - The engineering machinery industry is undergoing a profound transformation towards intelligent and digital manufacturing, with Zoomlion actively embracing technological changes to integrate advanced technologies such as RFID, IoT, big data, and artificial intelligence into the entire production process of excavators, establishing an efficient, precise, and flexible smart factory. On November 27, Zoomlion's excavator factory was successfully included in the first batch of 15 pilot smart factories by the national government at the 2025 World Intelligent Manufacturing Conference [1][5]. Group 1: Technology Integration - The comprehensive application of RFID technology is a core highlight of Zoomlion's smart excavator factory, addressing issues such as component traceability, production transparency, and material delivery delays that have historically hindered production efficiency [2][6]. - Each core component is equipped with a dedicated RFID tag, allowing for real-time tracking of component information from the moment of storage, thus ensuring precise traceability throughout the component's lifecycle [2][6]. - In the assembly phase, workers can quickly read component information using handheld devices or fixed readers, effectively avoiding assembly errors and ensuring accurate matching with work orders [2][6]. Group 2: Advanced Production Systems - Zoomlion has integrated various cutting-edge technologies to create a comprehensive intelligent production system, including industrial robots for precise welding and intelligent painting robots that enhance consistency while reducing waste and environmental pollution [3][7]. - IoT technology enables real-time data collection and analysis of equipment operation parameters and fault information, allowing for automatic alerts and maintenance suggestions, significantly reducing equipment failure rates and improving utilization [3][8]. - A big data analysis platform optimizes production processes and predicts market demand changes, providing scientific support for production planning and product development [3][8]. Group 3: Efficiency and Quality Improvements - The establishment of the smart factory has led to significant efficiency gains, with per capita output increasing by over 30% and product delivery cycles shortened by 20%, effectively meeting market demands for rapid excavator delivery [4][8]. - The quality of products has improved substantially, with a significant increase in the first-pass qualification rate of excavators and a continuous rise in customer satisfaction due to precise detection and traceability systems [4][8]. - Cost control has been enhanced through intelligent scheduling that reduces material waste, smart maintenance that lowers repair costs, and big data optimization that minimizes redundant production processes, achieving the goal of cost reduction and efficiency improvement [4][8]. Group 4: Industry Implications - Zoomlion's use of RFID and other technologies to build a smart excavator factory represents a crucial step in the company's transformation and serves as a model for the intelligent development of the engineering machinery industry [4][9]. - The engineering machinery industry is currently facing trends towards green, low-carbon, and high-end intelligent development, and Zoomlion's practices demonstrate that technological innovation and industrial integration can effectively address industry challenges and promote sustainable growth [4][9].

12月25日，千里科技发布公告称，公司已完成与梅赛德斯-奔驰（上海）数字技术有限公司（以下简称"奔驰数字技术"）的股份过户登记。奔驰 数字技术以9.87元/股的价格，通过协议转让方式受让重庆力帆控股有限公司所持135,633,002股股份，占千里科技总股本的3.00%，成为公司第五 大股东。 此次交易源于力帆控股此前未能履行股票质押回购义务，其质权人申万宏源证券和华创证券决定通过协议转让处置相关股份。9月，力帆控股与 奔驰数字技术分别同两家券商签署《股份购买协议》，将合计1.36亿股千里科技股份转让予奔驰数字技术，交易总价约13.39亿元，所得款项用 于偿还力帆控股相关债务。 奔驰数字技术由梅赛德斯-奔驰（中国）投资有限公司100%持股，此次入股被视为奔驰在中国加强智能化领域布局的举措之一。千里科技董事长 印奇在9月曾回应此事表示，奔驰成为股东是对公司技术能力的认可，双方将在智能驾驶和智能座舱领域展开紧密战略合作。 随着股权过户完成，奔驰正式进入千里科技股东行列，后续合作细节有待进一步披露。 12月25日，千里科技发布公告称，公司已完成与梅赛德斯-奔驰（上海）数字技术有限公司（以下简称"奔驰数字技术"）的股份 ...

Core Viewpoint - Deep Blue Automotive has successfully completed a significant financing round of 6.122 billion yuan, marking it as the last major financing in the automotive sector for 2025, which is expected to catalyze a leap in brand, product, technology, and marketing dimensions in 2026 [1] Financing Details - The financing round included contributions from Chongqing Yufu Holding Group Co., Ltd. (2.5 billion yuan), Chongqing Changan Automobile Co., Ltd. (3.122 billion yuan), and Zhuhai Financial Asset Investment Co., Ltd. (500 million yuan), totaling 6.122 billion yuan [5] Shareholding Structure - Post-financing, Chongqing Changan Automobile Co., Ltd. remains the largest shareholder with a 50.9959% stake, while Chongqing Yufu Holding Group Co., Ltd. holds 12.0937% and Zhuhai Financial Asset Investment Co., Ltd. holds 2.4187%, indicating strong confidence from new investors [7] Strategic Advantages - Deep Blue Automotive benefits from its unique state-owned enterprise brand value, which enhances investor confidence and provides a solid foundation for financing [7] - As a mid-to-high-end brand under Changan Automobile, Deep Blue aligns with national strategies for technological self-reliance and automotive strength, with financing aimed at core technology advancements in smart and electric vehicles [7] Market Performance - By December 18, 2025, Deep Blue Automotive achieved cumulative deliveries of 700,000 vehicles and has established a presence in nearly 100 countries, with significant sales of its models, including over 300,000 units of the Deep Blue S07 and consistent monthly sales of over 10,000 units for the Deep Blue S05 [7][8] Technological Innovation - The financing will primarily support innovations in smart and electric vehicle technologies, including advancements in L3-level autonomous driving, laser radar algorithms, and the development of a complete technology ecosystem from chips to systems [12][15] - Deep Blue has been a leader in product development, exemplified by its collaboration with Jingxi Group on a magnetorheological suspension system, making the L06 the first Chinese brand model to adopt this technology [14] Future Growth Potential - The company's international success, particularly in Europe and Southeast Asia, is viewed as a key growth driver, enhancing its global brand strength and providing a clear path for future financing [8] - The upcoming changes in the automotive industry, particularly in smart driving and battery technology, are expected to widen the gap between manufacturers, with Deep Blue poised to leverage its technological advancements to gain a competitive edge [15][16] Conclusion - The successful financing not only strengthens Deep Blue's capabilities but also serves as a strategic boost against competitors, positioning the company for a new phase of high-quality development in 2026, with a target of achieving one million vehicle sales [16]

Group 1 - The core idea of the articles highlights the increasing popularity of factory study programs among students, allowing them to experience the manufacturing process firsthand and gain insights into China's advanced manufacturing industry [2][4][6] - The factory study theme has become a trending topic, with schools organizing weekly visits to factories, where students can observe assembly lines and interact with engineers [4][6] - The Chinese manufacturing sector has maintained its position as the world's largest for 15 consecutive years, with its manufacturing value added accounting for nearly 30% of the global total [4] Group 2 - The rise of factory study programs is attributed to the ongoing transformation of China's manufacturing industry towards high-end, intelligent, and green development [4] - Popular factories, such as Xiaomi's automotive factory, have seen significant interest, with over 100,000 registrations for visits this year, indicating a strong demand for such educational experiences [4] - Industrial study programs are seen as a means to enhance students' understanding of technological advancements and to inspire early career aspirations aligned with societal talent needs [4][6]

Investment Rating - The industry investment rating is "Hold" [2] Core Insights - The automotive sector experienced a slight decline of -0.10% in the past week, with the automotive services sub-sector performing the best at +3.73% [5] - In November, the retail sales of passenger vehicles decreased by 7% year-on-year, while Tesla launched a budget version of Model 3 in Europe [5] - The Ministry of Industry and Information Technology approved two L3 level autonomous driving models, indicating advancements in smart vehicle technology [6] - China FAW plans to mass-produce solid-state batteries by 2027, which will be used in high-end Red Flag models [6] - The automotive market is currently adjusting due to the expiration of several consumer stimulus policies, with a projected retail market of approximately 2.3 million units in December [6] - The EU has proposed to relax the 2035 ban on new fuel vehicle sales, allowing for a 90% reduction in emissions compared to 2021 levels [7] Summary by Sections Market Review - The automotive sector's performance was ranked 21st among 31 first-level industries, with notable companies like Zhejiang Shibao and Weidi Co. showing significant gains [5] - The overall market sentiment reflects a mixed performance, with some companies experiencing substantial growth while others faced declines [5] Sales Data - From December 1 to 14, retail sales of passenger vehicles reached 764,000 units, a year-on-year decrease of 24% [6] - The wholesale volume for the same period was 734,000 units, down 31% year-on-year [6] - The new energy vehicle market showed resilience with retail sales of 476,000 units, only a 4% decline year-on-year [6] Investment Recommendations - Focus on companies involved in smart vehicle technology and those with potential for overseas sales [7] - Consider component manufacturers that can benefit from domestic substitution effects [7]

Core Viewpoint - The company emphasizes the importance of smart technology and new techniques in its operations and is actively exploring various methods to enhance efficiency [1] Group 1 - The company is committed to the application of intelligent and new technologies within its operations [1] - The company will strictly adhere to legal regulations and disclosure requirements regarding any relevant technologies [1] - Investors are advised to refer to official company announcements for accurate information [1]

当前，上海国际航运中心建设正处在从基本建成向全面建成跨越的关键时点。 在最新公布的新华·波罗的海国际航运中心发展指数排名中，上海国际航运中心连续5年稳居世界第三， 既彰显了上海作为世界一流航运枢纽的实力，又有力保障了全球产业链供应链的安全、稳定。 数据显示，2024年上海港集装箱吞吐量达到5150.6万标准箱、连续15年排名世界第一，成为全球首个年 吞吐量超过5000万标准箱的世界大港。同时，上海的航空枢纽能级不断提升，2024年上海机场航空货邮 和旅客吞吐量分别达到420.6万吨、1.25亿人次，同比增长11%、29%，排名分别升至世界第二和第三， 创下历史新高。 12月23日，上海市交通委员会副主任张欣在做客交通运输部政府网站在线访谈时表示，近年来，上海国 际航运中心的传统优势地位得到持续巩固。经过多年接续奋斗，上海已基本建成要素充分集聚、功能相 对完善、体系比较健全的国际航运中心，服务全国、连接全球的枢纽功能得到进一步提升。 近年来，随着全球航运业绿色低碳要求的不断提升和科技创新赋能行业发展得日益紧密，整个航运的生 产模式、运行秩序正在被重塑。 张欣介绍，目前，5G、物联网、云计算、大数据、人工智能、区 ...