Core Insights - The article highlights the ranking of the top 10 fluorosilicon chemical industrial parks in China, with Quzhou Intelligent Manufacturing New City High-tech Zone taking the first place [1] - Quzhou Intelligent Manufacturing New City is recognized as a key hub for the fluorosilicon new materials industry, featuring a complete industrial chain from fluorite resource development to high-end fluorosilicon products [1][2] - The park is home to 78 fluorosilicon new materials enterprises, with an expected annual output value of 68.04 billion yuan in 2024, forming a modern industrial cluster with international competitiveness [2][3] Industrial Overview - The fluorosilicon chemical industry is characterized by high-performance new materials centered around fluorine and silicon, encompassing fluorochemical and organic silicon sectors [3] - The industry relies on upstream resources such as fluorite and silicon ore, with midstream production of fluoropolymers and organic silicon monomers, and downstream applications in renewable energy, electronics, high-end manufacturing, and medical consumption [3] - Quzhou Intelligent Manufacturing New City has established a full-cycle innovation ecosystem, integrating basic research, pilot transformation, and industrial application, supported by high-level platforms and research institutions [2][3]

开放共赢，打造引领新材料领域创新发展的风向标。本届大会组织为期3天的新材料展览，共吸引了中 国有研科技集团、中国钢研科技集团、中国建材集团、中国矿冶科技集团等在京材料央企，首钢集团、 金隅集团、一轻控股等市属国企以及北京航空航天大学、北京化工大学、北京工业大学等在京院校和房 山区重点企业共计40余家单位积极参与，集中展示百余项最新研究成果和新材料、新技术、新产品，为 企业搭建了科技创新、应用场景合作的行业交流平台，进一步推动了产业链上下游集聚，为产业创新生 态注入了新动能，助力新质生产力加速发展。 产业赋能，加速科技成果转化与场景落地。大会围绕京津冀"六链五群"产业协同发展任务，充分发挥北 京科技创新优势与津冀产业承载能力，推动新材料在新能源汽车、半导体、高端装备等领域的规模化应 用。本次大会不仅吸引了众多在京材料领域央国企、院校，以及北京优势主体广泛参与，会上，还将有 一批重大项目、联合实验室集中签约落地，依托良乡大学城科技园创新要素集聚优势，加速科技成果转 化和应用场景落地，支撑北京产业链强链补链，推动区域优势产业成链成群，服务协同创新和产业协 作，以高质量发展推进京津冀协同发展迈上新台阶。 协同共进，深 ...

Group 1 - The three major indices opened higher and rose, with the ChiNext Index leading the gains. The sectors of controllable nuclear fusion and new metal materials performed well [1] - The newly launched Free Cash Flow ETF (159201) saw a trading increase of over 0.6%, with a trading volume exceeding 150 million yuan, and its constituent stock, Laibao High-Tech, reached the daily limit [1] - Since its launch, the Free Cash Flow ETF (159201) has attracted a total of 2.708 billion yuan, with the latest scale reaching 3.253 billion yuan and a total of 3.402 billion shares, outperforming similar indices [1] Group 2 - According to浦银国际, the current phase of tariff negotiations between the US and certain countries has increased uncertainty, leading to greater market volatility. It is suggested to increase the allocation weight of the dividend end in a barbell structure during periods of weakened market sentiment [1] - The Free Cash Flow ETF (159201) has the lowest management and custody fee rates in the market. The latest price-to-earnings ratio (PE-TTM) of the index it tracks is 11.65 times, which is below 86.98% of the time over the past year, indicating a historical low and a potential opportunity for low-cost allocation [1]

核心观点 原油相关信息： ⚫ 原油及相关库存：2025 年 4 月 25 日美国原油商业库存 4.404 亿桶，周减少 270 桶； 汽油库存 2.255 亿桶，周减少 400 万桶；馏分油库存 1.078 亿桶，周增加 90 万桶； 丙烷库存 0.47206 亿桶，周增加 57.6 万桶。美国原油产量及钻机数：2025 年 4 月 25 日美国原油产量为 1346.5 万桶/天，周度增加 0.5 万桶/天，较一年前增加 36.5 万 桶/天。2025 年 5 月 2 日美国钻机数 584 台，周减少 3 台，年减少 21 台；加拿大钻 机数 120 台，周减少 8 台，年度不变。其中美国采油钻机 479 台，减少 4 台，年度 减少 20 台。 价格变化： 基础化工行业 行业研究 | 行业周报 油价走弱，继续关注内需及国产替代新材 料机会 价差变化： 投资建议与投资标的 风险提示 ⚫ 项目进展不及预期；需求不及预期；海外市场供需情况变化；油价大幅波动。 国家/地区 中国 行业 基础化工行业 报告发布日期 2025 年 05 月 06 日 看好（维持） | 倪吉 | 021-63325888*7504 | | ...

基础化工行业 行业研究 | 行业周报 油价走弱，继续关注内需及国产替代新材 料机会 核心观点 原油相关信息： ⚫ 原油及相关库存：2025 年 4 月 25 日美国原油商业库存 4.404 亿桶，周减少 270 桶； 汽油库存 2.255 亿桶，周减少 400 万桶；馏分油库存 1.078 亿桶，周增加 90 万桶； 丙烷库存 0.47206 亿桶，周增加 57.6 万桶。美国原油产量及钻机数：2025 年 4 月 25 日美国原油产量为 1346.5 万桶/天，周度增加 0.5 万桶/天，较一年前增加 36.5 万 桶/天。2025 年 5 月 2 日美国钻机数 584 台，周减少 3 台，年减少 21 台；加拿大钻 机数 120 台，周减少 8 台，年度不变。其中美国采油钻机 479 台，减少 4 台，年度 减少 20 台。 价格变化： 价差变化： 投资建议与投资标的 风险提示 ⚫ 项目进展不及预期；需求不及预期；海外市场供需情况变化；油价大幅波动。 国家/地区 中国 行业 基础化工行业 报告发布日期 2025 年 05 月 06 日 看好（维持） | 倪吉 | 021-63325888*7504 | | ...

以下文章来源于新材料大数据中心 ，作者新材料大数据中心 新材料大数据中心 . 新材料大数据中心由工业和信息化部、财政部、国家数据局联合部署，北京科技大学等单位联合建设， 由"1+N"(1个中心主平台、N个数据资源节点)的架构体系组成。中心主平台定位于材料数据资源的体系 核心、共性技术的创新载体、公益服务的统一门户。 点击箭头处 "蓝色字" ，关注我们哦！！ 2024年10月，工业和信息化部、财政部、国家数据局联合印发《新材料大数据中心总 体建设方案》（以下简称《方案》），部署新材料大数据中心建设，以服务国家战略为导 向，聚焦资源汇聚、有序流通和安全共享，激活数据要素潜能，助力新材料原始创新，服 务新材料科技和产业发展。 新材料大数据中心定位于促进新材料科技和产业创新发展的新型研发基础设施，以"公 益性、权威性、国际化、可持续"为宗旨，构筑"1+N"的架构体系（1个主平台、N个数据资 源节点），实现科技、产业等材料数据的融通和应用。 新材料大数据中心围绕数据汇聚、流通和应用，面向社会提供材料数据公益服务，初 步开发了统一服务门户（测试版）（以下简称门户），网址为 https://www.matbd.cn ，于 ...

Core Insights - The article highlights the remarkable economic transformation of Tongxiang City, emphasizing its ability to create significant industrial growth from seemingly limited resources, showcasing a unique "from nothing to something" capability [1][9][24]. Group 1: Economic Development - Tongxiang has demonstrated rapid industrial growth, with notable statistics such as the ability of Tongkun's digital brain to generate approximately 1.5 million OT data in one second and the production line of Tai Rui Machinery producing an injection molding machine in just nine minutes [1]. - The city has achieved a remarkable industrial output value of over 225.86 billion yuan in 2024, transitioning from "China's woolen sweater town" to "the world's woolen sweater capital" [7][9]. - The local economy is characterized by a high density of business ownership, with one in five residents being a business owner, contributing to the city's wealth and economic dynamism [13][24]. Group 2: Industrial Innovation - Tongxiang has established itself as a leader in the new materials industry, with significant contributions to the global wind power sector, producing one out of every three wind turbine blades [15][18]. - The city has developed a complete industrial chain in new materials, from production to processing and composite materials manufacturing, attracting numerous enterprises and fostering a collaborative industrial environment [18][23]. - The establishment of the "U Town Light" supercomputing center has positioned Tongxiang at the forefront of digital innovation, facilitating the digital transformation of traditional industries, particularly in new materials [20][21]. Group 3: Government Support and Strategic Planning - The local government has implemented strategic plans, such as the "135N industrial cluster" strategy, to cultivate the new materials industry, allocating significant funding for development [24][28]. - Tongxiang has established a supportive infrastructure, including the first "light-storage integrated" demonstration park in Zhejiang Province, ensuring sufficient energy supply for enterprises [27][29]. - Various incentive programs, such as the "Eagle Plan" for large enterprises and the "Chick Plan" for startups, provide financial support and resources to foster innovation and growth in the new materials sector [28][29]. Group 4: Future Prospects - The new materials market is projected to grow significantly, with a compound annual growth rate of 13.3% from 2020 to 2025, potentially reaching a market size of 5.6 trillion USD by 2025 [32]. - Tongxiang is positioned to become a key player in the new materials industry, producing 25% of the world's glass fiber and 31% of China's chemical fiber materials, indicating its potential to lead in this sector [32]. - The article concludes by emphasizing the importance of cities like Tongxiang in driving national economic growth, highlighting their role in the broader economic landscape [34][35].

Group 1 - The 137th China Import and Export Fair (Canton Fair) is viewed as a barometer for China's foreign trade, showcasing the resilience of Chinese manufacturing and the vitality of foreign trade [1] - The fair introduced a service robot section with 46 participating companies, highlighting the trend towards high value-added products in foreign trade [2] - New products and technologies, such as the 3D foot scanning technology from Jiming Footwear Co., are driving the upgrade of foreign trade structures towards higher added value [2] Group 2 - Companies are actively seeking to diversify their markets, with a significant portion of inquiries coming from countries involved in the Belt and Road Initiative [3] - The emphasis on "seeing is believing" has led to increased factory visits by foreign buyers, enhancing trust in Chinese manufacturing capabilities [3] - Companies like Guangzhou Textile Import and Export Group are shifting from selling products to providing comprehensive solutions, aiming to enhance competitiveness in global markets [4] Group 3 - Chinese foreign trade enterprises are transitioning from cost advantages to comprehensive advantages, including innovation and brand strengthening [4] - The rise in the "new content" of Chinese foreign trade is linked to the global value chain's ascent and the practice of an open world economy [4] - The focus on technological breakthroughs and green transformation is paving the way for high-quality development in China's foreign trade [4]

查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客 户，用作新媒体形势下研究信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿 订阅、接收或使用本订阅号中的任何信息。本订阅号难以设置访问权限，若给您造成不便， 敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相关人员为光大 证券的客户。 报告摘要 事件： 公司发布2024年年度报告及2025年一季报。公司2024全年实现营业收入27.11亿元，同比增长9.87%；实现 归母净利润1.31亿元，同比增长3.37%。2025年一季度营业收入6.39亿元，同比下降0.46%；实现归母净利 润0.45亿元，同比下降18.12%。公司拟向全体股东每10股派发现金红利0.5元（含税）。 电子新材料板块成长显著，高分子复合材料板块盈利能力提升 点击注册小程序 公司靶材业务技术壁垒较高，ITO靶材项目正式投产 2024年，丰联科光电靶材业务市场占有率逐步扩大，核心竞争力日渐强劲。其中，应用于AMOLED领域的 新产品银合金靶材出货较2023年大幅增长，AMOLED钼宽靶海内外市场占有率持续提升。在I ...

中美"关税战"升级的程度，令全世界震惊！面对特朗普的挑衅，中国毫不妥协、坚决反制，短短一周左右的时间，中国对来自美国制造的商品关税从新增 34%，提高到84%，后来又提升至125%。 尼克·马罗，这位"经济学人"的亚洲区专家点评道：这可能是中美两国贸易完全脱钩的最明显迹象。不仅如此，中国的坚决反制还是对特朗普的口中妄言 ——"我管理美国，同时也管理世界"的直接回应。 即是"美国自己在破坏现有的世界体系"，加剧了人们对华盛顿的信任忧虑与对抗性。与特朗普政府的逆全球化政策不同，中国才是推动自由贸易的重要捍卫 者，中国才是当今世界对抗霸权的旗手。 多国不相信美国会占上风，要和中国加强关系 尽管多位欧洲官员还是强调要和美国保持接触，继续谈判，但他们仍坦言道：结果可能非常不乐观，因为"不同的理念导致了不同的标准"。面对90天豁免期 后的高关税，欧盟声称正在制定报复措施。 越来越多的欧洲领导人希望选择新的道路，而不是像以往那样只是单纯地响应华盛顿的政策——欧盟委员会主席冯德莱恩在美国加征关税后不久与中国领导 人通话，确定7月举行中欧领导人峰会。 让多国不相信美国会在贸易战中"占据上风"的另外一个因素是"中国的心态更加平静 ...