Core Viewpoint - The company emphasizes that chaotic price wars are detrimental to the sustainable development of the medical industry and will harm patient rights [1][2]. Group 1: Company Insights - Aier Eye Hospital has seen a steady recovery in the average price of refractive surgeries since last year, indicating a gradual industry clearing where demand is shifting towards reputable hospitals [1]. - The company plans to launch upgraded surgical techniques in 2024, including All-Laser LASIK and ICLV5 lenses, to meet diverse patient needs [1]. - Aier Eye Hospital's overseas business revenue is projected to account for approximately 12.5% in 2024, reflecting a 1% increase from the previous year, with plans for further expansion in Europe and Southeast Asia [3]. Group 2: Industry Trends - The aging population is driving demand for age-related eye disease treatments, particularly for presbyopia, which is currently under-recognized in China [2]. - The company anticipates significant growth potential in presbyopia treatment, similar to trends observed in developed countries [2]. - The company's profitability is expected to improve as patient volumes increase, benefiting from economies of scale and reduced sales expense ratios [3].

南方财经记者吴立洋上海报道 正值618大促期间，多地以旧换新国补出现暂停或调整，对家电、家装消费的统一补贴转为抢券补贴的 形式，为竞争渐趋白热化的家电市场带来了新的变数。 从5月以来主要家电品类的销售数据来看，今年618家电销售尤其是线上渠道的均价同比降低，品牌间的 价格战趋势愈加激烈；另一方面，在国补政策带动下，虽然整体均价下降，但消费者选择节能化、智能 化产品的比例显著提高，消费结构升级成为今年大促的主要特征。 多位家电行业从业者与分析人士在与记者交流时指出，618促销将进一步消耗国补资金池，在部分地区 短期补贴暂停或调整后，国补政策或许也将迎来进一步细化与完善。这也将促使厂商调整生产备货计 划，尤其是调整依赖于国补的中低端产品，进而推动其向高性价比与高附加值并重的产品策略转型。多 地国补调整 近日，多地发布公告，宣布以旧换新补贴阶段性暂停或限额管理。 例如，河南郑州公告称自6月11日12:00起暂停家电产品补贴资格券申领；重庆6月3日起暂停家电补贴， 手机数码类改为每日限量发券。 补贴调整的原因，或与各地补贴资金额度告急有关：郑州就表示本轮家电产品补贴资金已使用完毕，重 庆同样表示12亿资金已提前耗尽。 ...

在政府相关部门整治汽车行业"内卷式"竞争背景下，各车企率先从解决供应商账期问题入手"反内卷"， 推动上下游关系重构。6月10日晚，中国一汽、东风汽车、广汽集团、赛力斯集团等车企相继宣布，对 供应商的支付账期不超过60天。6月11日，比亚迪汽车、奇瑞汽车、小鹏汽车等多家车企跟进。据统 计，目前共有17家重点汽车生产企业作出相应承诺。在外界看来，政府相关部门与行业协会相继发声， 强化对"价格战"等无序竞争的监管，将推动汽车产业链向高质量的协同转型，而车企的"账期"自律则能 够进一步缓解供应链资金压力。 汽车"链"60天提现 在汽车行业"反内卷"背景下，众多车企开始破除上游供应商痛点。6月10日晚开始，中国一汽、东风汽 车、广汽集团和赛力斯集团相继发声，承诺将供应商支付账期压缩至60天以内，意在通过实际行动维护 市场经济秩序健康稳定。 此后，吉利汽车宣布，将旗下各品牌供应商账期统一压缩至60天以内，进一步提升产业链资金周转效 率，稳定产业链运作，并以行业领军企业身份推动整个行业的健康发展。同样作出承诺的还有长安汽 车，涵盖旗下长安启源、长安凯程、深蓝汽车、阿维塔等品牌，表示将统一执行60天付款账期，以履行 央企社会 ...

每经记者｜李星 每经实习编辑｜余婷婷 6月11日，中国汽车工业协会（以下简称中汽协）发布的最新数据显示，5月，我国汽车产销分别完成 264.9万辆和268.6万辆，环比分别增长1.1%和3.7%，同比分别增长11.6%和11.2%。 1月至5月，我国汽车产销分别完成1282.6万辆和1274.8万辆，同比分别增长12.7%和10.9%；产量增速较 1月至4月收窄0.2个百分点，销量增速扩大0.1个百分点。 中国汽车工业协会副秘书长陈士华表示，虽然当前我国汽车行业整体运行呈现稳中向好态势，市场活力 不断释放，但行业盈利水平持续下滑，"增量不增利"的局面未有改善。"以无序'价格战'为主要表现形式 的'内卷式'竞争，是行业效益下降的重要因素。"陈士华指出。 前5个月中国品牌乘用车市占率达68.8% 5月，我国乘用车市场表现活跃，产销分别完成231.3万辆和235.2万辆，环比分别增长2.5%和5.8%，同 比分别增长12.8%和13.3%。"汽车'以旧换新'政策持续显效，内需消费活力加快释放，叠加企业新品密 集上市、多地车展促销活动火热开展等因素，乘用车市场延续良好态势。"陈士华解释称。 1月至5月，我国乘用车产销 ...

Core Viewpoint - The Chinese automotive market is experiencing severe supply-demand imbalance and negative effects from price wars, leading to distorted business practices among listed car companies [2][4][12]. Group 1: Market Dynamics - The average sales growth rate in China's domestic automotive market over the past three years is only 1.8%, with profit margins continuously declining [4][11]. - The phenomenon of "0-kilometer used cars" has emerged, where new cars are registered and then sold as used cars to alleviate inventory pressure and meet sales targets [6][9]. - The automotive industry is facing a significant overcapacity issue, with many listed companies reporting utilization rates below 50% [13][25]. Group 2: Industry Practices - Some car manufacturers and dealers engage in practices such as "virtual invoicing" to obtain subsidies, contributing to a culture of financial manipulation [6][9]. - The trend of selling "pseudo-used cars" at steep discounts (up to 30% off) is prevalent, indicating a hidden price war within the industry [7][9]. - The competitive landscape has led to a "winner-takes-all" scenario, forcing traditional automakers to downsize and restructure [15][16]. Group 3: Regulatory Response - The Ministry of Commerce has initiated discussions with major car manufacturers regarding the "0-kilometer used car" issue and is working to regulate market practices [4][22]. - There is a call for stricter regulations to address the ongoing price wars and restore healthy competition in the automotive sector [22][26]. - The government is promoting initiatives like the "2025 New Energy Vehicles Going to the Countryside" program to stimulate demand and help manufacturers reduce inventory [26][27]. Group 4: Future Outlook - The automotive industry is expected to undergo a "淘汰赛" (elimination race) in the second half of the year, which may further impact weaker companies [16]. - Despite the challenges, there are potential benefits from government initiatives aimed at boosting sales of new energy vehicles [26]. - The overall production capacity in China may exceed 50 million units, while the global automotive production is around 90 million units, highlighting a significant structural overcapacity [23][25].

6月11日，中国汽车工业协会发布汽车工业月度数据，5月，汽车产销分别完成264.9万辆和268.6万辆， 环比分别增长1.1%和3.7%，同比分别增长11.6%和11.2%。1至5月，汽车产销累计完成1282.6万辆和 1274.8万辆，同比分别增长12.7%和10.9%。中汽协认为，今年以来，"两新"政策加力扩围，持续显效， 叠加车企新品投放、多地车展促销等利好因素，助力汽车市场消费活力加速释放。 记者：赵语涵 如遇作品内容、版权等问题，请在相关文章刊发之日起30日内与本网联系。版权侵权联系电话：010-85202353 5月，乘用车产销分别完成231.3万辆和235.2万辆，环比分别增长2.5%和5.8%，同比分别增长12.8%和 13.3%。1至5月，乘用车产销累计完成1108万辆和1099.6万辆，同比分别增长14.1%和12.6%。 在乘用车主要品种中，与上月相比，5月交叉型乘用车产销明显下降，基本型乘用车（轿车）产量微 降、销量小幅增长，SUV、MPV两大类乘用车品种产销均呈小幅增长；与上年同期相比，5月交叉型乘 用车产量小幅增长、销量两位数下降，其他三大类乘用车品种产销均呈不同程度增长。 商用车 ...

作为以往很少在价格方面进行调整的业内龙头，星巴克此番的调价动作，不管是主动策略还是被动策 略，都反映出不管企业的市场地位如何，都应时刻保持策略的灵活性，以应对瞬息万变的市场变化和环 境变化。 （文章来源：证券时报网） 近日，星巴克降价的消息一石激起千层浪，引起市场广泛关注。有舆论甚至认为，作为国际知名的业内 巨头，星巴克也被迫卷入了近年中国茶饮咖啡行业愈演愈烈的价格战。 从价位水平的横向对比来看，星巴克目前多数饮品单杯价格仍比中国市场的主要同行要高，对于一些追 求低价、省钱的消费群体而言，星巴克的产品仍然相对偏"贵"，这可能源于品牌定位、成本等多种因素 的差异。比如星巴克单店面积普遍相对较大，更加重视"空间体验"，较大的单店面积会提供更多的座 位，很多客户会选择在店里坐下来喝，满足"边喝边休息"、聊天、谈工作、谈生意等消费场景的需求。 有网友甚至调侃，星巴克的产品溢价更像是"茶位费"，点一杯饮品可以"一坐一整天"。星巴克的这种经 营策略精准锁定了部分目标客户，但较大的单店面积带来的成本也会比一些同行高出不少。 星巴克此番的调价动作，折射出近年我国茶饮咖啡行业竞争激烈的现实。最近几年来，部分茶饮咖啡品 牌大幅调 ...

期货研究院 铁合金日度策略 黑色建材团队 摘要 【重要资讯】 1.美国洛杉矶局势继续恶化。约700名美国海军陆战队士兵将部署 至洛杉矶地区，这数量较之前进一步增多。有美媒指出，派遣海军 陆战队整个营前往洛杉矶，标志着特朗普政府以军事力量向抗议者 进行武力展示行动的显著升级。 2.中钢协：维护产业链整体利益 共同抵制"内卷式"竞争。5月份 ，部分车企再次大幅下调新能源汽车产品价格，新一轮"价格战" 的恐慌情绪在汽车行业弥漫开来。中国汽车工业协会迅速发布《关 于维护公平竞争秩序、促进行业健康发展的倡议》，强调"'价格 战'严重影响企业正常经营，冲击产业链供应链安全，把产业发展 带入恶性循环"。 3.新华社：从日内瓦到伦敦，朝着对话合作相向而行。6月9日13时 左右，英国伦敦。全球媒体聚光灯前，中美经贸代表团走进兰卡斯 特宫，开启了中美经贸磋商机制首次会议。近一个月前，5月10日 至11日，瑞士日内瓦，中美举行经贸高层会谈并发布联合声明，一 致同意建立中美经贸磋商机制，迈出通过对话协商解决经贸问题的 重要一步。 4.6月10日临汾安泽市场炼焦煤价格下跌10元/吨，低硫主焦精煤A 9、S0.5、V20、G85出厂价现 ...

Core Viewpoint - The automotive market in China is experiencing a positive trend in 2025, driven by policies promoting large-scale equipment updates and trade-in programs, alongside new product launches and promotional events by car manufacturers [1][29]. Group 1: Overall Market Performance - In May 2025, China's automotive production and sales reached 2.649 million and 2.686 million units respectively, with month-on-month increases of 1.1% and 3.7%, and year-on-year increases of 11.6% and 11.2% [1]. - From January to May 2025, cumulative automotive production and sales totaled 12.826 million and 12.748 million units, reflecting year-on-year growth of 12.7% and 10.9% [1]. Group 2: Commercial Vehicle Performance - In May 2025, commercial vehicle production and sales were 336,000 and 335,000 units, with month-on-month declines of 7.4% and 8.8%, while production saw a year-on-year increase of 4.4% and sales a decrease of 2% [4]. - Cumulative commercial vehicle production and sales from January to May 2025 reached 1.746 million and 1.753 million units, marking year-on-year growth of 4.2% and 1.2% [6]. Group 3: Truck Performance - In May 2025, truck production and sales were both 292,000 units, with month-on-month declines of 7.9% and 9.6%, while year-on-year production increased by 4.7% and sales decreased by 2.4% [8]. - Heavy-duty truck sales reached 89,000 units in May, showing a month-on-month increase of 1.3% and a year-on-year increase of 13.6% [8]. Group 4: Passenger Vehicle Performance - In May 2025, passenger vehicle production and sales exceeded 40,000 units, with production at 44,000 and sales at 43,000, reflecting month-on-month declines of 3.8% and 3.2%, but year-on-year increases of 3% and 1.1% [12]. - Cumulative passenger vehicle production and sales from January to May 2025 reached 212,000 units, with year-on-year growth of 5.4% and 5.7% [15]. Group 5: Export Performance - In May 2025, commercial vehicle exports totaled 83,000 units, with a month-on-month decline of 2.8% and a year-on-year decrease of 0.5% [20]. - From January to May 2025, commercial vehicle exports reached 411,000 units, reflecting a year-on-year increase of 10.5% [22]. Group 6: New Energy Vehicle Performance - In May 2025, domestic sales of new energy commercial vehicles were 65,000 units, with a month-on-month decline of 6.7% but a year-on-year increase of 58.8% [23]. - Cumulative domestic sales of new energy commercial vehicles from January to May 2025 reached 283,000 units, marking a year-on-year growth of 55.2% [23]. - New energy commercial vehicle exports in May were 8,000 units, with a month-on-month decline of 19.5% but a year-on-year increase of 150% [26].

Core Viewpoint - The control of Zhongying Electronics (300327.SZ) is changing hands from its current major shareholder, Weilang International Group, to Shanghai Zhineng Industrial Electronics Co., Ltd., resulting in the company having no actual controller after the transaction [2][3]. Share Transfer Details - Weilang International and Win Channel will transfer a combined 14.2% of shares at a price of 25.677 yuan per share, totaling approximately 1.245 billion yuan, which is a 21.5% premium over the last closing price before suspension [3]. - After the transfer, Zhineng Industrial will hold 14.2% of Zhongying Electronics' shares and control 23.4% of the company through voting rights [3]. Financial and Operational Background of Zhineng Industrial - Zhineng Industrial, established in December 2020, has a registered capital of 2.446 billion yuan and focuses on high-end industrial and automotive chip sectors [4]. - As of the end of 2024, Zhineng Industrial is projected to have total assets of approximately 5.17 billion yuan and a net profit of about 9.35 million yuan [4]. Performance of Zhongying Electronics - Zhongying Electronics has experienced declining revenues and profits from 2022 to 2024, with revenues of 1.602 billion yuan in 2022, dropping to 1.343 billion yuan in 2024, and net profits decreasing from 323 million yuan to 134 million yuan during the same period [6]. - The company operates under a fabless model, primarily focusing on the design and sale of chips, with a significant portion of revenue coming from industrial MCUs [6]. Industry Context and Challenges - The MCU market is currently facing a downturn due to oversupply and weak demand, leading to intensified price competition [8][9]. - Experts suggest that while the market is in a down cycle, there is potential for recovery driven by AI demand and technological advancements in the coming years [9].