近年来，上海不断出台政策加持民营经济，尤其是总部经济发展，民营企业总部正成为上海经济发 展新的增长点。然而近期，"出台了这么多政策，为何民营经济还是一蹶不振"相关论调引发关注。调研 发现，"市场的冰山、融资的高山、转型的火山"等一系列问题导致了民营总部经济承压严重。应深入分 析上海民营总部经济高质量发展的瓶颈问题，梳理民营企业核心期盼和急需的支持举措，提出引领性的 主要观点和可操作的具体建议。 1 五大瓶颈 第一，门槛偏高，创新型民营企业总部吸引力不足，难以适应全球科创中心发展要求。《上海市鼓 励设立民营企业总部的若干意见》（沪商规〔2019〕1号）文中，民营企业总部认定要求为：上年末资 产总额达到1亿元人民币；上年度营业收入超过10亿元人民币；除本市外，拥有2个或2个以上分支机 构。这对于生产研发型民营企业来说门槛相对偏高，特别是一些处于初创型的民营研发企业来说门槛比 较高。短期看，很难在创新型总部企业吸引力上给民营企业带来更有力的政策放大效应，长期看，也会 给高端产业发展，特别是"卡脖子"产业发展带来不利影响。 第二，总量偏低，民营总部经济发展总量和质量均有待进一步提高。2022年，上海民营经济占比仅 为 ...

人才与城市，正在双向奔赴。 4月13-14日，"百万英才汇南粤"2025年N城联动春季招聘活动（上海站）在国家会展中心（上海）举 办，广东省携3.5万个高含金量岗位亮相，借力国际化都市上海向全球英才发出加盟邀约。 这是继今年年初广东举办高质量发展大会，发出"百万英才汇南粤"的时代冲锋号，以"2+N"重点招聘活 动，面向全国和全球揽才。作为N城联动首场活动的主力，此次深圳携华为、腾讯、比亚迪等751家单 位来沪，组成"顶配引才团"，岗位总数3.5万个，其中年薪50万—100万的岗位超4000个，100万以上的 岗位超800个。 无论是引才阵容之强大、高薪岗位之多，还是活动规格之高、政策诚意之满，无不体现了广东及深 圳"视人才为珍宝"的发展理念，更凸显了抢滩新一轮科技革命和产业变革的决心和信心。 从"孔雀东南飞"到"百万英才汇南粤"，深圳做对了什么？ "百万英才汇南粤"2025年N城联动春季招聘活动（上海站）现场。 01 深圳为何不远千里奔赴上海引才？ 深圳与上海，都是数一数二的经济大市、制造大市和外贸大市，也是为数不多同样以"经济中心"和"科 技创新中心"为定位的重点城市，堪称"勇挑经济大梁"的存在，共同肩负起 ...

以下文章来源于解码LP ，作者吴琼 解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 退出之困。 作者 I 吴琼 报道 I 投资界-解码LP 投 资 界 - 解 码 LP 获 悉 ， 近 日 重 庆 首 支 S 母 基 金 —— 重 庆 渝 创 银 河 接 力 私 募 股 权 投 资 基 金 （以下简称"渝创银河S母基金"）正式设立，目标规模3 6亿元。 眼下国资布局S基金如火如荼，目标明确——优化退出机制。 央地联手 重庆成立S母基金 具体来看，渝创银河S母基金由中国银河投资旗下银河星邦与重庆科创投旗下重庆产业引 导基金共同管理，首期规模6亿元。 其中，重庆产业引导基金是隶属于重庆科技创新投资集团旗下的市场化母基金，成立于 20 14年。作为政府背景的市场化母基金，重庆产业引导基金聚焦人工智能、大数据、智 能制造、生物医药、新材料、节能环保等重庆市扶持和鼓励发展的战略新兴产业。 迄今，重庆产业引导基金已累计发起设立子基金40支，总规模4 1 6.17亿元，累计投资项 目475个，投资金额超256亿元，带动其它社会资本投资超4 00亿元。其中，投资重庆项 目1 82个，投资金额255. 3 5亿 ...

Report Investment Rating No investment rating for the industry is provided in the report. Core Views The report provides a comprehensive analysis and forecast of the futures market, including stock index futures, treasury bond futures, precious metal futures, base metal futures, energy futures, and agricultural product futures. Through macro - fundamental and technical analysis, it predicts the price trends, support, and resistance levels of various futures contracts on April 1, 2025, and also gives the expected trends for April 2025 in some cases [2][4][5]. Summary by Directory 1. Futures Market Forecast for April 1, 2025 - **Stock Index Futures**: Expected to oscillate and consolidate. For example, IF2506 has resistance at 3886 and 3902 points, and support at 3833 and 3808 points [2]. - **Treasury Bond Futures**: Ten - year T2506 and thirty - year TL2506 are likely to oscillate strongly, with specific resistance and support levels provided [3][4]. - **Precious Metal Futures**: Gold futures AU2506 will likely oscillate strongly and reach new highs, while silver futures AG2506 will likely oscillate weakly [4]. - **Base Metal Futures**: Copper, aluminum, lead, nickel, and other base metal futures are mostly expected to oscillate weakly, while zinc futures will oscillate and consolidate, and tin futures will oscillate strongly [4][5]. - **Energy Futures**: Crude oil and fuel oil futures will likely oscillate strongly, while natural rubber and 20 - number rubber futures will likely oscillate weakly [10]. - **Other Futures**: PTA, PVC, glass, and soda ash futures are expected to oscillate strongly, while steel - related futures such as rebar and hot - rolled coil are expected to oscillate weakly [5][7][9][10]. 2. Macro Information and Trading Tips - **Domestic Macro News**: China's economic recovery signs are more obvious, with the manufacturing PMI, non - manufacturing PMI, and comprehensive PMI rising in March. The government will take measures to reduce corporate burdens, and the central bank has carried out open - market operations [12]. - **International Macro News**: Trump plans to announce a tariff policy, which has affected the Asian - Pacific stock markets. Goldman Sachs has raised the probability of a US economic recession and lowered the GDP growth forecast. The global economic outlook may be slightly revised downward, but there are no signs of recession [14][15]. 3. Futures Market Analysis and Forecast for March 31, 2025 - **Stock Index Futures**: Most stock index futures contracts closed down on March 31, with increased short - term downward pressure [19][20][21]. - **Treasury Bond Futures**: Ten - year and thirty - year treasury bond futures had different trends on March 31, with the ten - year showing a slight decline and the thirty - year showing a slight increase [43][46]. - **Precious Metal Futures**: Gold futures closed up, reaching a new high, while silver futures closed slightly down [49][52]. - **Base Metal Futures**: Most base metal futures closed down on March 31, with varying degrees of downward pressure [59][64][73][77][79]. - **Energy Futures**: Crude oil and fuel oil futures closed down on March 31, with increased short - term downward pressure [110][112]. - **Other Futures**: Steel - related futures such as rebar and hot - rolled coil closed down, while glass and soda ash futures also closed down, with increased downward pressure [87][90][104][106]. 4. Expected Trends for April 2025 - **Stock Index Futures**: IF, IH, IC, and IM are expected to oscillate weakly in April 2025, with specific support and resistance levels provided [24][25]. - **Precious Metal Futures**: Gold and silver futures are expected to oscillate strongly in April 2025, with expected resistance and support levels [49][52]. - **Base Metal Futures**: Copper, aluminum, and other base metal futures have different expected trends in April 2025, such as copper oscillating strongly and aluminum having a wide - range oscillation [59][64]. - **Energy Futures**: Crude oil futures are expected to oscillate strongly in a wide range in April 2025 [110].

红星资本局3月31日消息，去年，"未来产业"一词首次写入政府工作报告。今年政府工作报告则提出，"建立未来产业投入增长机制，培育生物制造、量子科 技、具身智能、6G等未来产业"。 在2025中关村论坛年会期间，红星资本局了解到，工信部等有关部门将制定出台生物制造、量子科技、具身智能、原子级制造等细分领域的产业政策，健全 未来产业的"1+N"政策体系，引导未来产业科学精准布局。同时，将支持地方建设一批未来产业先导区，引导政府投资基金加大未来产业投入力度。 同时，记者还注意到，今年以来，以上海为首的多地开始筹备未来产业基金，这也意味着政府将为"耐心资本"注入新活力。 2025年未来产业十大赛道公布 其中，人形机器人在今年成了最不能忽视的存在，不少人形机器人"智愿者"挂牌上岗，围绕迎宾、交流、主持、表演、服务等五大类核心场景，出现在会场 各处，与到访者互动。 "人形机器人现在处在发展上升期，"中国电子信息产业发展研究院未来产业研究中心所长蒲松涛认为，围绕着工业应用以及家庭应用，人形机器人展现出巨 大的发展潜能。但人形机器人的发展路径，既依赖人工智能的技术创新能力，同时也依赖于地方围绕机器人的产业基础和产业配套能力。 ...

Group 1: Industry Innovations - The TP1000, a large unmanned transport drone developed by Yantai's Yitong Drone System Co., has successfully completed its first flight, marking it as the first domestically certified 1-ton class drone, filling a gap in Shandong's aviation capabilities [2][3] - The KX15 tethered balloon, developed by Qilu Aerospace Information Research Institute, was applied in the power infrastructure sector, showcasing the innovative use of aerial devices in electricity projects [2][3] - Shandong's integration of its industrial and innovation chains has led to the emergence of a comprehensive low-altitude economy ecosystem, with a focus on unmanned aerial vehicles and related technologies [3] Group 2: Future Industry Development - Shandong is actively laying out plans for future industries such as quantum technology, humanoid robots, low-altitude economy, and hydrogen energy, while enhancing its policy support framework [4] - The introduction of a new humanoid robot initiative aims to drive breakthroughs in key technologies related to perception and motion control, reflecting a targeted approach to industry advancement [4] - The establishment of strategic projects, such as the collaboration between Jiangsu Tianbing Aerospace Technology Co. and Jinan Steel Group, will further enhance Shandong's aerospace industry ecosystem [3][4] Group 3: Agricultural Advancements - The "Smart Spring Plowing" initiative launched in March aims to improve agricultural efficiency through technology, with 5,000 agricultural experts providing on-ground support to farmers [6][7] - The use of intelligent irrigation systems and digital twin technology in agricultural practices is enhancing water management and crop yield in Shandong [6] - The focus on integrating advanced agricultural techniques and technologies is expected to bolster grain production and ensure food security in the region [7]

自2015年发起以来，中关村U30累计吸引全球6000余名青年科技创业者参与。这个支持青年人才创新创 业的平台选拔出279位优胜者。其中，硕士及以上学历占比74%，约三分之一是博士学历。 这些青年创业者投身的项目广泛覆盖量子信息、人形机器人、脑机接口等未来产业，新一代信息技术、 生物医药、高端装备制造、新能源、新材料等战略性新兴产业，以及数字经济、乡村振兴等国家重大战 略方向。这些项目累计已创造就业岗位数万个。 转自：北京日报客户端 3月30日，在2025中关村论坛年会北京杰出青年科技人才发展论坛上，2024年度中关村U30榜单出炉， 2025年度青年科技创业者招募同步启动。 2024年度中关村U30优胜者的平均年龄仅31岁。他们创立的企业中，已有24家完成一轮以上融资。 2025年度招募工作重点面向35岁以下青年创新创业者，聚焦未来产业、战略性新兴产业、数字经济等七 大领域。未来，中关村U30将继续扮演"创新孵化器"角色，解决创业者实际诉求，为青年科技人才搭建 梦想舞台。 来源：北京日报客户端 10年来，中关村U30孵化企业累计完成再融资超200亿元，培育出2家上市企业、80余家专精特新企业。 其中，23家 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on its market position and growth potential [3][6]. Core Insights - In 2024, the company achieved a revenue of 20.69 billion yuan, a year-over-year increase of 3.0%, and a net profit attributable to shareholders of 3.35 billion yuan, reflecting a growth of 0.4% [1]. - The fourth quarter of 2024 saw a significant increase in net profit, which grew by 89% year-over-year, with a quarterly revenue of 6.59 billion yuan, marking a 39.8% increase [1]. - The company is focusing on new industries such as civil aviation, satellite internet, data centers, and smart connected vehicles, aiming to create new growth points [2]. Summary by Sections Financial Performance - The company reported a stable profit margin in 2024, with a gross margin of 36.6% and a net margin of 17.2% [1]. - The fourth quarter gross margin improved by 1.4 percentage points to 36.6%, while the net margin increased by 3.1 percentage points to 13.6% [1]. Product Segmentation - Revenue from electrical connectors and integrated interconnect components was 16.21 billion yuan, up 4.6% year-over-year, accounting for 78% of total revenue [2]. - Revenue from optical connectors and other optical devices decreased by 9.7% to 2.84 billion yuan, representing 14% of total revenue [2]. - Revenue from liquid cooling solutions and other products increased by 14.4% to 1.63 billion yuan, making up 8% of total revenue [2]. Cost Management - The company successfully reduced its expense ratio by 0.7 percentage points to 18.7% in 2024, with sales and management expense ratios decreasing [3]. - Accounts receivable increased by 27.0% to 16.73 billion yuan, while contract liabilities decreased by 37.5% to 0.28 billion yuan [3]. Future Projections - The company is projected to achieve net profits of 3.76 billion yuan, 4.15 billion yuan, and 4.49 billion yuan for 2025, 2026, and 2027, respectively [3]. - The current stock price corresponds to a price-to-earnings ratio of 24x for 2025, 21x for 2026, and 20x for 2027 [3].

未来产业发展具备长周期特性，从畅想到落地，还面临着算力互联互通、私有数据聚合等挑战。 十大重点赛道"出炉" 未来产业由前沿技术驱动，其发展将催生新的业态和商业模式、重塑生产生活。今年政府工作报告明确，要建立未来产业投入增长机制，培育生物制造、量 子科技、具身智能、6G等未来产业。 可以监测跑步情况的鞋子、能模拟食物味道的勺子、能思考的眼镜……人工智能创新或将重塑社会生活，让科幻电影画面变为现实。 3月28日，2025中关村论坛年会未来产业创新发展论坛召开，会上，以人工智能为代表的十大重点赛道浮出水面，勾画出未来产业发展的图谱。作为高附加 值、强带动性的前沿产业，人工智能等产业展现出巨大市场潜力，有数据预测，未来十年中国人工智能产业规模预计将达到1.7万亿元。 2025年未来产业十大重点赛道主要围绕六大未来产业方向展开。2024年1月，工业和信息化部等七部门联合印发《关于推动未来产业创新发展的实施意 见》，明确重点推进未来制造、未来信息、未来材料、未来能源、未来空间和未来健康六大方向产业发展，成为未来产业赛道研究的重要参考基础。 大力发展未来产业，已成为引领科技进步、带动产业升级、培育新质生产力的战略选择。工业 ...

3月2 8日上午，国家主席习近平在北京人民大会堂会见国际工商界代表。 习近平强调，改革开放使中国快速进入世界市场、大踏步赶上时代，重要一条就是积极利用外 资。外资企业来华投资，带动了中国经济增长和就业，促进了中国技术和管理进步，助推了中 国改革开放。 习近平指出，对外开放是中国的基本国策，中国正在推进高水平对外开放，稳步扩大规则、规 制、管理、标准等制度型开放， 开放的大门只会越开越大，利用外资的政策没有变也不会变 。 中国过去是、现在是、将来也必然是外商理想、安全、有为的投资目的地，与中国同行就是 与机遇同行，相信中国就是相信明天， 投资中国就是投资未来 。 习近平强调，中共二十届三中全会已经对深化外商投资和对外投资管理体制改革制定路线图和 时间表。中国将以降低市场准入门槛为重点，进一步扩大开放；保障在华外资企业同等享受国 民待遇，维护市场公平竞争；加强同外商沟通交流，为其来华贸易投资尽可能提供便利，依法 保护外资企业合法权益。同时，中国将坚定不移走和平发展道路，努力为外资企业发展营造良 好外部环境。 母基金研究中心关注到， 3月2 3日至2 4日召开的中国发展高层论坛，作为每年全国两会后首个 举办的"国家 ...