本文由霍尼韦尔中国总裁余锋《15分钟领导力》所作推荐序： 我有幸受邀为高德威先生的新书《15分钟领导力》作序，这让我回想起2017年刚加入霍尼韦尔的时光。彼时，高德威先生已在霍尼韦尔工作了15年，即将 卸任执行董事长一职。虽然我们初次见面的时间并不长，但他的领导风格与管理理念却让我印象深刻，许多细节至今历历在目。 高德威先生在本书中对成长型领导亦有着墨。成为卓越的领导是一段终身旅程，途中离不开持续学习和独立思考。作为领导者，他始终坚持长期主义，带 领霍尼韦尔从困境中崛起，成为全球高科技标杆企业之一；作为学习者，他定期通过"蓝皮本凝思时刻"广泛涉猎不同领域的知识，追求与时俱进，以专业 和创造性方式进行思考；作为导师，他乐于分享个人的经验与智慧，为团队提供重要指导。这些宝贵的经验从书中展现出来，激励着我在工作中秉持 "教 学相长"的理念，持续学习并将所学传递给团队成员，帮助他们共同成长。 高德威先生的管理理念为霍尼韦尔的持续增长奠定了基础，建立了其作为全球"本土化"商业模式先驱的深厚传统。在我们第一次见面时，他便强调他坚信 国际公司在中国市场开展业务所带来的机遇和价值。霍尼韦尔在中国所取得的成功正是这一信念的有力 ...

地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层（100020） 总机：010-8535 6666 冠通每日交易策略 制作日期：2025 年 6 月 19 日 热点品种 商品 力 涨 幅与增仓 原油： 欧佩克+同意 7 月份将石油产量提高 41.1 万桶/日，为连续第三个月增产，此次 增产与 5 月和 6 月的增产幅度相当。欧佩克+八个成员国将于 7 月 6 日举行下一 次会议，决定 8 月产量政策。据知情人士透露，沙特希望欧佩克+在未来几个月 继续加速石油增产，原油供给压力仍大。不过 OPEC+产量增长不及预期，近日加 拿大阿尔伯塔省的野火已经导致该省近 35 万桶重质原油日产量停产，美伊核协 议谈判陷入僵局，会谈已经无限期中止。美国继续加大对伊朗的制裁，以色列和 伊朗近期已经将袭击目标从核设施及军事设施扩大至能源设施。另外，近期以色 列和伊朗间的风险有所外溢，中东地缘风险加剧升温，美国石油钻井数量下降幅 度较大，美国原油产量预期下降，原油供给压力缓解。需求端，美国非农数据、 CPI 数据好于预期，中美经贸磋商机制首次会议上中美原则上达成协议框架，市 场风险偏好回升，美国进入传统出行旺季， ...

Core Viewpoint - The article emphasizes the importance of balance in health and nutrition, presenting ManJu's unique oil products as a solution for achieving this balance through scientifically formulated ingredients and innovative production methods [1][3]. Group 1: Product Features - ManJu's oil features a precise balance of Omega 3/6/9 in a golden ratio of 2:1:1, catering to the body's nutritional needs [3]. - The oil contains Super Omega 9 from the oil of the Camellia oleifera, which aids in repairing damaged brain nerve pathways and promotes nerve cell regeneration, with each 5ml serving providing approximately 45mg of this beneficial compound [3]. - Additional components like lignans and phytosterols help regulate hormone balance and provide antioxidant benefits, along with Vitamin E for skin health [3]. Group 2: Nutritional Preservation Technology - ManJu employs three preservation technologies to maintain nutritional integrity: 1. Low-temperature cold pressing at 40°C, preserving 99% of active ingredients, significantly higher than the industry average of 80°C [6]. 2. Nitrogen packaging technology that prevents oxidation by injecting low-temperature pure nitrogen into the bottle [6]. 3. High-precision physical filtration that avoids nutrient destruction from industrial refining processes [6][11]. Group 3: Skincare Benefits - ManJu promotes a skincare philosophy that emphasizes oil-based nourishment, addressing common skin issues such as acne and sensitivity through natural ingredients [8][9]. - The product line aims to enhance skin quality by inhibiting melanin production and improving blood circulation, resulting in a healthier complexion [10]. - The combination of antioxidants in the oil helps improve skin elasticity and reduce dullness, promoting a natural glow [10]. Group 4: Consumption Experience - The product is designed for a pleasant consumption experience, featuring small cup packaging that encourages self-discipline and enjoyment [12]. - The "health currency" concept allows users to engage in a playful and stress-relieving manner while consuming the oil, enhancing emotional well-being [13]. - ManJu's oil is positioned as a companion for modern women, promoting a healthy lifestyle through innovative consumption methods [15][16]. Group 5: Market Insights - According to a report by iResearch, urban women have evolving expectations for oils, seeking benefits beyond basic nutrition, such as anti-inflammatory and anti-aging properties [17]. - The product is marketed for various uses, including low-temperature cooking, as a nutritional companion for beverages, and as part of a beauty regimen [18].

Core Insights - Kazakhstan will retain its OPEC+ membership, indicating continued collaboration within the group [1] - Iran's oil minister suggests that some regions may face limited restrictions to ensure long-term continuity, but widespread fuel issues are not anticipated [1] - The former Iranian economy minister claims that oil tankers and LNG shipments should only pass through the Strait of Hormuz with Iran's permission, though this statement lacks official confirmation [1] - Israel's energy minister reports that the share of renewable energy for electricity generation has increased from less than 20% before the conflict to 40% now, with domestic energy needs prioritized over exports [1] - Russian Deputy Prime Minister Novak states that Russia and the OPEC+ alliance have potential for production growth, and oil prices reaching $100 per barrel will depend on market reactions to risks and uncertainties [1] Group 1 - Kazakhstan will maintain its OPEC+ membership, reflecting ongoing cooperation within the oil-producing nations [1] - Iran's oil minister indicates limited regional restrictions to ensure fuel supply continuity, with no widespread issues expected [1] - The former Iranian economy minister's statement on oil and LNG shipments through the Strait of Hormuz remains unconfirmed [1] Group 2 - Israel's renewable energy share for power generation has risen to 40%, with a focus on meeting domestic energy demands [1] - Russia's potential for production growth within the OPEC+ framework is highlighted, with oil price fluctuations tied to market risk perceptions [1] - Novak reassures that there is no risk of decline in Russian oil exports or domestic supply shortages, maintaining a balance in the global oil market [1]

Core Viewpoint - The article discusses the recent price fluctuations of the Labubu Heart Macaron series on the Qianshao APP, highlighting a 10% decrease in average transaction prices due to increased supply and official restocking efforts [1][3]. Group 1: Price Trends - The average transaction price of the Labubu series decreased from 1210.9 yuan on June 18 to 645 yuan on June 19, marking a decline of nearly 400 yuan [1]. - The platform has warned consumers about potential price volatility due to official restocking [1]. Group 2: Consumer Demand - Consumer enthusiasm for Labubu remains high, with products selling out quickly during live streams, and reports of over 70,000 people queuing for purchases on social media platforms [2]. - The challenge for the company is to balance market supply and demand while addressing issues related to scalpers and counterfeit products that affect user experience [2]. Group 3: Market Implications - Increased restocking and supply may lead to a more rational market price, which could be beneficial for the company in the long run [3].

Core Viewpoint - The increasing population of wild macaques in Jiangsu's Maoshan area has led to significant human-wildlife conflicts, necessitating urgent management and mitigation strategies to balance tourism development and wildlife protection [1][31]. Group 1: Human-Macaque Conflict - The macaque population in Maoshan has grown from a few to approximately 400, causing disturbances in local villages and tourist areas [1][8]. - Incidents of macaques damaging property and attacking visitors have been reported, with the Maoshan Forest World experiencing frequent disruptions and financial losses due to these conflicts [6][10]. - The local government has observed four macaque groups, with the largest containing around 170 individuals, highlighting the need for effective management strategies [10][31]. Group 2: Management Strategies - Since September of the previous year, the Maoshan Forest World has employed experienced wildlife managers to implement a detailed management plan, including food supplementation and monitoring of macaque behavior [15][19]. - The park has established temporary habitats for the macaques and adjusted food offerings based on seasonal availability, significantly reducing human-macaque conflicts [21][23]. - The monthly expenditure for managing the macaque population can reach up to 60,000 yuan, which includes food purchases and management services [21][23]. Group 3: Ecological Considerations - The macaques are classified as a nationally protected species, raising concerns about their rapid reproduction and potential ecological impact if their population exceeds local carrying capacity [31][36]. - Experts emphasize the importance of regulated feeding practices to prevent health issues in macaques and to maintain their natural foraging behaviors [32][34]. - Collaboration with research institutions is being pursued to enhance the management and monitoring of the macaque population, alongside public awareness campaigns to educate visitors about macaque behavior [38].

Group 1 - The market price of the labubu heart macaron series has decreased by 10% over the past three days due to increased restocking, which is seen as a positive development for Pop Mart [1][5] - On June 18, the average transaction price for the labubu series was 1210.9 yuan, a decrease of nearly 400 yuan compared to June 15 [4] - The demand for labubu remains high, with significant sales activity on platforms like Tmall, where over 250,000 new items were released in a single evening [4] Group 2 - The challenge for Pop Mart is to balance market supply and demand by increasing production capacity to address the rampant issues of scalping and counterfeiting that affect user experience [4] - Consumers are actively participating in purchasing events, with reports of over 70,000 people queuing for products on social media platforms [4]

黑色建材日报 | 2025-06-19 策略 单边：震荡 跨期：无 市场情绪谨慎，钢价区间震荡 钢材：市场情绪谨慎，钢价区间震荡 市场分析 昨日，螺纹钢期货主力合约收于2986元/吨，热卷主力合约收于3102元/吨。现货方面，现货方面，根据昨日钢谷数 据显示，昨日全国建材产量、消费都有所上升，库存下降；热卷产量和库存下降，需求小幅上升。昨日，全国建 材成交9.67万吨。 综合来看：螺纹方面，随着建材进入消费淡季，建材产销存持续回落，由于目前市场缺乏投机性需求，淡季弱需 求将持续压制钢材价格；热卷方面，目前板材利润优于建材，产销表现出较强韧性，市场担忧后期抢出口情绪退 坡后影响板材消费，虽然出口略有下滑，但是短期仍保持高位。整体来看，钢材目前供需矛盾不大，后期关注中 美关税谈判和内需刺激政策。 策略 单边：震荡 跨品种：无 期现：无 期权：无 风险 宏观政策、关税政策、成材需求情况、钢材出口、钢厂利润、成本支撑等。 铁矿：市场成交一般，钢价震荡运行 市场分析 期现货方面：昨日铁矿石期货价格震荡运行。现货方面，进口铁矿主流品种价格小幅下跌，贸易商报价积极性一 般，报价多随行就市，市场交投情绪一般，钢厂采购多以按需 ...

证券研究报告 点评报告 2025 年 6 月 19 日 晨会纪要 第一创业证券研究所 核[心Ta观bl点e_：Summary] 分析师：郭强 证书编号：S1080524120001 电话：0755-23838533 邮箱：guoqiang@fcsc.com 一、宏观经济组： 事件： 6 月 19 日（星期四）2 点，美联储公开市场委员会（FOMC）2025 年第四次议息会 议。 点评： 6 月 19 日凌晨 2 点，美联储公布了 2025 年的第四份利率决议。其中显示，有投 票权的 12 位 FOMC 委员全票通过，美联储决定将联邦基金利率区间维持在 4.25% —4.50%不变，这是美联储自去年 9 月开启降息周期以来再次暂停降息，符合市 场预期。 本次声明与 5 月相比，有两点不同：一是删掉了有关"经济前景的不确定性增加" 的说法，改成"不确定性已减弱但仍高"；二删掉了有关"失业和通胀均上升的 风险增加"的说法，重申"净出口波动影响数据但经济继续稳健扩张。" 请务必阅读正文后免责条款部分 第 1 页 共 5 页 晨会纪要 在点阵图中，以每次降息 25 个基点计算，与今年 3 月相比，19 位 FOMC 委 ...

去年以来，我市持续落实"构建房地产发展新模式，推动房地产高质量发展"有关要求，充分释放我市房地产政策工具箱，从土地保障、加大金融信贷和公 积金贷款支持力度、落实税收优惠政策、购房补贴、人才"购房券"、加快筹集保障性住房和加大城市更新力度等方面出台了系列政策措施，更好满足住房 消费需求。6月18日，我市保持房地产市场平稳健康发展工作领导小组办公室发布《关于进一步促进房地产市场平稳健康发展若干措施的通知》，提出八条 政策措施，持续巩固房地产市场稳定态势。 举办夏季购房促销活动。活动期间，对个人购买中山区、西岗区、沙河口区、甘井子区参展楼盘的商品房，给予100元/平方米补贴。各地区结合本地区实 际，通过出台支持政策、开展团购活动、发放购房补贴等形式同步开展促销活动。 发挥公积金支持人才购房作用。已取得全日制本科学历与学士学位的高校毕业生、经过认定的我市城市发展紧缺人才，在单位正常缴存住房公积金，使用 个人住房公积金贷款在我市购买自住住房的，单人或双人最高贷款额度在当期最高贷款额度基础上提高20万元，贷款额度不受借款人贷款申请时住房公积 金账户存储余额倍数限制。 强化土地要素支撑。支持提前交付土地开发建设，对于已缴纳 ...