赛龙舟，一支刚开始没"跟上节奏"的队伍，奋勇划桨，一路追击，最终拔得头筹。网友直呼，这是"同 频的力量"。 轮滑赛，7岁女孩吴若熙起跑时摔倒，却毫不犹豫地爬起直追，不言弃、全力拼，拿下小组第一。网友 留言，"逆风翻盘，向阳而生"。 视频令人热血沸腾，不由想起一句俗语，"人要闯，马要放，不怕慢，就怕站"。不论是个人成长还是一 地发展，都会面临一个位势的问题，同一条赛道上，必然有先行者、后来者之别；但同时也要看到，你 争我赶、竞逐超越是常态，领先的不会永远在前，落后者也未必不能超越。关键要找准坐标系，弄清楚 位势之别、优势所在，然后采取正确的策略。 对于先行者来说，当好排头兵，保持领先，要义在"勇挑大梁、走在前列"。这往往意味着，要突破常 规，走前人没有走过的路，去开拓前路。 大胆打破市场壁垒，浙江让民资控股高铁线成为现实，这一举措进一步激发了民营企业的活力潜力，并 带动市场准入制度改革提速。为解决企业出海痛点，广东深圳创新海外知识产权保护工作机制，帮助企 业减少经济损失超21亿美元。 后来者居上总是激动人心的，近来网上有两段很燃的视频，都记录了"赶超"的精彩瞬间。 先行就要先试，不怕眼前没有路，就怕不敢迈出第一 ...

Group 1 - The core viewpoint of the strategy meetings is a positive outlook for the A-share market in the second half of the year, with a focus on the ongoing valuation recovery of Chinese assets and a preference for technology sectors [1][2][3] - Analysts from Huatai Securities emphasize the importance of China's economic development strategy in response to prolonged trade conflicts, which is expected to enhance consumer income and spending [2][3] - The consensus among various securities firms is that the A-share market is likely to outperform overseas markets, driven by a "transformation bull" market characterized by policy measures aimed at stabilizing asset prices and boosting demand [3][4] Group 2 - The technology sector is highlighted as a key investment focus, with analysts suggesting a "barbell" strategy combining dividend and growth stocks, while also considering opportunities in the consumer sector [5][6] - Citic Securities identifies three long-term trends: the enhancement of China's independent technological capabilities, the European focus on self-reliance in defense and resources, and the acceleration of domestic demand through improved social security [6] - The Hong Kong stock market is expected to benefit from the AI narrative, with analysts noting that the technology sector in Hong Kong is well-positioned to capitalize on the ongoing industrial transformation driven by AI advancements [7][8]

Group 1 - The Hong Kong stock market's consumer sector remains strong, with the CSI Hong Kong Stock Connect Consumer Theme Index rising over 1% [1] - The Hong Kong Consumer ETF (513230) increased by 1.25%, with trading volume approaching 45 million [1] - The manufacturing PMI showed overall improvement in May, with a rebound in export orders, indicating resilience in China's economic fundamentals [1] Group 2 - CITIC Construction Investment Securities noted that the "two new" policies and consumer incentive policies have positively impacted downstream consumption growth [1] - Guotai Junan Securities highlighted that the scarcity of leading technology stocks in Hong Kong is expected to benefit from the AI industry transformation [1] - The Hong Kong Technology Index ETF (513180) rose nearly 1%, reflecting strong growth in capital expenditure and cloud business revenue among leading internet companies [1] Group 3 - The Hong Kong technology sector's valuation remains relatively low, with strong earnings growth expected by 2025 [1] - The anticipated performance improvement in the Hong Kong technology sector due to AI industry catalysts suggests potential for valuation uplift [1] - The focus on "new quality domestic demand growth" emphasizes the importance of service consumption and new consumption trends [1][2]

Core Viewpoint - The Hong Kong Internet ETF is showing strong performance, with a significant increase in net value and favorable market conditions for technology stocks, particularly in the context of the AI industry transformation [1][2]. Group 1: Market Performance - As of June 4, 2025, the Hong Kong Internet ETF has risen by 0.49%, with notable increases in constituent stocks such as Alibaba Pictures (3.33%) and Xiaomi Group (1.88%) [1]. - The Hong Kong Internet ETF has seen a net value increase of 39.38% over the past year, ranking 143 out of 2831 index stock funds, placing it in the top 5.05% [2]. - The ETF has a historical one-year profit probability of 100% and an average monthly return of 9.47% during the rising months [2]. Group 2: Financial Metrics - The ETF's Sharpe ratio since inception is 1.51, indicating a favorable risk-adjusted return [3]. - The relative drawdown since inception is 4.62% compared to its benchmark [4]. - The management fee is 0.50% and the custody fee is 0.10%, making it one of the lowest in its category [5]. Group 3: Valuation and Composition - The latest price-to-earnings ratio (PE-TTM) for the index tracked by the ETF is 21.67, which is below 90.91% of the historical data over the past year, indicating a low valuation [5]. - The top ten weighted stocks in the index account for 77.23% of the total, with Alibaba-W (18.49%) and Xiaomi Group-W (15.72%) being the most significant [5][7].

Core Viewpoint - The transformation of the specialized vehicle industry in China is gaining momentum, driven by technological innovation, ecological restructuring, and global layout, aiming for a strategic leap from traditional manufacturing to intelligent services and from regional markets to global value networks [1][2]. Group 1: Industry Trends - The specialized vehicle industry is undergoing a significant transformation, shifting from "commercial vehicle subtraction" to "value addition" and moving towards electric and intelligent solutions [2]. - The market share of specialized vehicles within the commercial vehicle sector is increasing, rising from 6% in 2016 to over 10% [3]. - The penetration rate of new energy specialized vehicles is expected to reach 30% by 2024, with sales projected to exceed 300,000 units, reflecting a growth rate close to 50% [3][4]. Group 2: Technological Advancements - The specialized vehicle sector is experiencing simultaneous advancements in electrification and intelligence, unlike the passenger vehicle sector, which followed a sequential development pattern [5]. - Intelligent driving and automation are particularly suited for specialized vehicles, with specific operational scenarios such as sanitation work being ideal for commercial application [6]. - Companies like Jianghuai and Yutong are actively developing L4-level autonomous vehicles, with plans for large-scale production and market application by 2030 [6]. Group 3: Market Dynamics - The specialized vehicle market is characterized by a shift towards high-end equipment and lifecycle services, moving away from traditional manufacturing models [2]. - The industry is currently in a strategic opportunity period, influenced by policy benefits, technological changes, and global competition [2]. - The integration of new materials, production technologies, and modern management systems is essential for the industry's evolution [2].

战略价值日益凸显 铂金在工业生产的多个关键领域发挥着不可替代的重要作用。近年来，随着全球能源转型、新一轮科技 革命和产业变革向纵深挺进，铂金的战略价值日益凸显。当前，美国、日本、欧盟以及俄罗斯的稀有金 属战略储备管理体系均已将铂金纳入其中。 图为铂金供应链金字塔形分布情况 图为全球铂金储量分布占比 图为2024年全球铂矿产量分布占比 A供给端情况 2016—2019年，全球再生铂的供应量持续攀升，年复合增长率（CAGR）为2.8%。2019年，全球再生铂 供应量增至202万盎司（57.3吨），创历史新高。然而，自2020年起，受新冠疫情与半导体危机的接连 冲击，再生铂供应持续收缩，2020年后，年复合增长率降至-8%；2024年，全球再生铂供应量同比下降 1%，至148.6万盎司（46.7吨），较2019年的峰值下降高达26.4%。 铂金的供应涵盖矿产和回收两大渠道，其供应情况主要受经济形势、政治局势、下游需求、国家政策、 技术等多种因素的影响。 世界铂金投资协会（WPIC）发布的报告显示，2024年，全球铂金总供应量同比增长3%，达到729.3万 盎司，增长幅度有限，且远低于预期。其中，矿山总供应量为580 ...

在采购商方面，记者了解到，本次展会共吸引了天猫、京东、美团、便易星、长春欧亚、711、物美、 沃尔玛、海底捞、华润万家、盒马、T11、俄罗斯大型零售集团X5Group、新加坡FairPrice集团、卡塔 尔航空餐饮、韩国乐天玛特、泰国CPF Global、马来西亚大型零售连锁运营商GCH Retail SDN BHD等 国内外采购巨头到场，与展商洽谈合作意向。 据介绍，本届展会汇聚全球35万件特色产品，云集亚洲、欧洲、美洲、大洋洲等核心产区的优质产品： 来自法国、巴西、阿根廷、西班牙、美国、乌拉圭等国家带来鲜嫩多汁的牛、羊等肉类佳品；来自法国 的葡萄酒、西班牙伊比利亚的火腿、意大利的帕尔马干酪、丹麦曲奇饼干、比利时华夫饼等等。在本土 参展产品方面，三只松鼠（300783）、盐津铺子（002847）、三胖蛋、食族人、满小饱、锋味派等新消 费势力集结成"国货创新方阵"，全方位展现中国食品饮料产业变革新动能。 本报讯(记者金婉霞)5月19日，SIAL西雅国际食品展(下称"SIAL西雅展")在上海开幕。来自中国、法 国、西班牙、波兰、意大利、巴西、阿根廷、乌拉圭、匈牙利、比利时、丹麦、土耳其、澳大利亚、韩 国、英国、 ...

证券代码：300870 证券简称：欧陆通 债券代码：123241 债券简称：欧通转债 深圳欧陆通电子股份有限公司 投资者关系活动记录表 编号：（2025-04） | | 特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访  业绩说明会 | | 投资者关系活动 | □新闻发布会 路演活动 | | 类别 | | | | □现场参观 | | | 其他 | | 参与单位名称 | 广大投资者 | | 时间 | 2025 年 5 月 19 日 | | 地点 | 进门财经（电脑端：https://s.comein.cn/4gtkcq7r，手机 | | | 端："进门"APP 或"进门平台"小程序） | | 上市公司接待人 员姓名 | 董事长、总经理王合球先生 | | | 副总经理、董事会秘书蔡丽琳女士 | | | 财务负责人张淑媛女士 | | | 独立董事李志伟先生 | | | 保荐机构代表人孙爱国先生 | | | 1、公司最近是否有新的订单 | | 投资者关系活动 | 尊敬的投资者您好，关于公司最新业务进展情况还请持 | | 主要内容介绍 | 续关注公司后续披露的定期报告，感谢您的关注 ...

专用车作为服务国家经济建设、提供安全保障、增进民生福祉的重要工具，是驱动汽车产业高质量发展的关键领域。当前，专用车产业正处 于"政策红利释放、技术变革加速、全球竞争重塑"的多重战略机遇期，在这一关键阶段，如何定义新一代专用车的产品与战略，统筹推进动力电动 化、底盘上装一体化、上装功能化开发实现突破？如何进一步延伸服务生态、推动产品与场景的深度适配？如何塑造全球化的专用车产品和品牌？ 是行业人士共同关心的问题。基于此，5月15日，专用车产业创新发展大会暨专用车科技展（2025）在十堰召开。 01 专用车产业正在从"商用车-"到"商用车+"转变 "过去大家对专用车的认识还存在很大偏差，经过调研之后我们发现，专用车领域既不缺乏创新，也不缺乏有竞争力的产品。这个产业正在孕育着一场 大的变革，过去把它看成是又散又小，甚至是一个久治久乱的行业，现在看来这个行业正在发生着一场跃升、一场跃迁。"中国电动汽车百人会副理事长兼 秘书长张永伟表示，本次大会的召开，正是对这一时代命题的积极回应。 在他看来，专用车产业定位正在从"商用车-"到"商用车+"转变。新技术、新模式正在赋能专用车向高价值演变，多元场景的差异化需求将推动专用车产 ...

Group 1 - Nissan plans to cut approximately 20,000 jobs globally between fiscal years 2024 and 2027, representing 15% of its total workforce, affecting various roles including production, sales, and R&D [2] - The company has initiated voluntary departure programs in markets like the U.S. and is assessing the feasibility of expanding these programs to other regions, with no clear decision on job cuts in China yet [2] - In the electric vehicle sector, despite a strong order for the N7 model, overall sales of new energy vehicles accounted for less than 5% in April, indicating potential disconnects between market acceptance and promotional efforts [2] Group 2 - The Nissan Sylphy series saw a 12% year-on-year decline in sales in April, prompting the company to introduce a "one price for fuel and electricity" policy to alleviate consumer price concerns [3] - Nissan is collaborating with Huawei to promote the intelligent transformation of fuel vehicles, indicating a strategic shift to adapt to market changes and consumer demands [3] - The company is addressing after-sales service issues, including battery range discrepancies reported on consumer platforms, by emphasizing compliance with testing standards and expanding its retail network [3]