11月5日至10日，第八届中国国际进口博览会（下称"进博会"）在国家会展中心（上海）举行。 本届进博会参展企业总数再创新高。一方面，国外企业加速进入中国市场，另一方面，中国企业也借助 平台成功"出海"，而物流、交通、运输，正是支撑起"进口"与"出海"互动的桥梁，这些行业的领军企业 纷纷亮相进博会，为观者展现出中外经济"双向奔赴"的新时代图景。 供应链显韧性 作为进博会交通与物流领域的重要配套活动，2025全球贸易与国际物流高峰论坛日前召开，来自制造 业、物流业和全球贸易领域参会代表汇聚一堂，共为全球供应链"韧性化"发展贡献中国方案、中国智 慧。 中国交通运输协会副会长钟华在论坛上表示，当前，中国物流行业延续"韧性增长、质效双升"的良好态 势，正加快从"规模扩张"向"质量提升"转变，同时，"逆全球化"思潮抬头，供应链"断链""脱钩"等风险 也在加剧。 对此，他提出三点建议：一是筑牢"安全共赢"的基石；二是激活"数智共赢"的动能；三是夯实"绿色共 赢"的底色。业界要以"共赢链"理念为指引，将物流发展深度融入国家双循环新发展格局，不断优化产 业链供应链协同，降低流通成本，助力制造业向全球价值链中高端攀升。 国家邮政 ...

Core Insights - The 2025 Hisense Group Global Supply Chain Partner Summit was held in Qingdao, focusing on the theme "Intelligent Chain Global, Resilient Symbiosis" [1] - Ningbo Jizhi Technology Co., Ltd., a leader in the optical film industry, received the "Technology Leap Breakthrough Award" from Hisense Group for its significant contributions in optical film technology [1][2] Group 1: Technological Breakthroughs - Jizhi Technology is recognized for breaking the monopoly in optical film technology, having developed high-performance optical films that meet international standards [2] - The company's core composite brightness-enhancing film integrates multiple optical films into a single multifunctional film, reducing thickness and cost while enhancing display brightness and assembly efficiency [2][3] Group 2: Supply Chain Resilience - The summit's theme emphasizes Hisense's dual pursuit of supply chain stability and innovation, with Jizhi Technology providing critical "Chinese technological support" to Hisense's supply chain [3] - Jizhi Technology has become a strategic supplier for leading global display brands, showcasing its commitment to research and development [3] Group 3: Future Collaboration - Jizhi Technology and Hisense plan to deepen collaboration in three dimensions: technology, ecology, and globalization [4] - They will establish a "Joint Innovation Laboratory" to focus on next-generation display technologies, such as Mini/Micro LED and flexible displays, enhancing display effects and energy efficiency [4] Group 4: Green Supply Chain Initiatives - The companies aim to advance "low-carbon display" technology by optimizing energy consumption and emissions in optical film production, developing recyclable and low-VOC products [5] Group 5: Globalization Strategy - Jizhi Technology is expanding globally with new factories in Malaysia and offices in Vietnam, leveraging Hisense's global marketing network for efficient production and supply chain management [6] - The collaboration aims to enhance their influence in the global display industry while ensuring rapid delivery and technical support for Hisense's products [6]

Core Viewpoint - UPS is enhancing its global logistics capabilities and localizing its services in China to adapt to the evolving trade landscape by 2025, focusing on resilience and efficiency in supply chains [1][2] Group 1: Global Trade and Logistics Strategy - UPS is showcasing its upgraded global supply chain integration capabilities and AI-driven smart logistics solutions at the China International Import Expo [1] - The company aims to create a more resilient and efficient logistics system for businesses navigating the complex global trade environment [1] - UPS is committed to deepening its localized presence in China, optimizing products and services, and providing customized supply chain solutions for key clients [1] Group 2: Regional Network Enhancements - UPS is accelerating the dual-layer layout of its global logistics network and regional hubs, operating over 200 intercontinental and Asia-Pacific flights weekly from major Chinese airports [1] - The international air hub at Pudong International Airport operates nearly 50 flights weekly, providing efficient global connectivity for clients in the Asia-Pacific region [1] - UPS is transitioning its investments in mainland China from large-scale to more refined investments, extending its ground network into second and third-tier markets [2] Group 3: Specific Route Upgrades - UPS announced a strategic upgrade to its Asian regional air network, increasing the direct flight frequency from Shenzhen to Sydney to five times a week, enhancing capacity by over four times [2] - The delivery time from major Asian markets to Australia has been reduced by one day due to this upgrade [2] - UPS is also upgrading the route from Hanoi to Shenzhen, doubling the cargo capacity to 570 tons per week to meet the growing logistics demand in the region [2]

Core Insights - The China International Import Expo (CIIE) has become a significant platform for multinational companies to showcase their commitment to the Chinese market, with FedEx being a notable participant for six consecutive years [1][2] - FedEx is expanding its operations in China, operating over 300 international flights weekly and recently adding five new cargo flights connecting China to Paris [1][3] - FedEx views China as a core part of its strategy, highlighting the country's potential for rapid growth in international business [1][3] Group 1: Market Presence and Strategy - FedEx has established 103 subsidiaries in China, employing over 10,000 staff and operating nearly 3,000 delivery vehicles [3] - The company has strategically set up over 100 ground operation stations in major cities, enhancing its logistics network [3] - FedEx aims to strengthen its air logistics network and service capabilities in response to the growing demand in China's second and third-tier cities [3][4] Group 2: Innovation and Sustainability - FedEx is focusing on sustainability, aiming for carbon-neutral operations by 2040 and transitioning to a fully electric delivery fleet by 2030 [4][5] - The company is leveraging emerging technologies like AI and IoT to enhance supply chain resilience and efficiency for Chinese customers [5][6] - FedEx has developed software to simplify international shipping processes for small and medium-sized enterprises, addressing challenges related to customs and tariffs [6] Group 3: Engagement at CIIE - At the CIIE, FedEx showcased its commitment to supply chain resilience, digital transformation, sustainability, and social responsibility through an interactive exhibition [2] - The company emphasized its role in supporting trade between China and global markets, reflecting its dedication to contributing to global economic development [2][5]

汇丰前海证券大中华区经济学家姜璐璐认为，随着新发展格局的持续深化，中国企业也在更加积极优化 全球布局，积极拓展东盟等新兴市场。因此，除了制造业出海，接下来相关的技术、生产性服务会协 同"走出去"，也具备相当的增长潜力。 毕马威中国国际贸易与海关主管合伙人张浩炜认为，中国企业应更加重视各国贸易政策和规则的解读， 结合自身产品及行业特点，因地制宜地规划全球供应链布局。同时，企业应强化内部合规管控机制的建 立与实施，增强全球供应链架构的可持续性与韧性。通过平衡成本优化与合规管理，中国企业将能够在 未来的国际竞争中占据更有利的位置。 中证报中证网讯(记者黄一灵)11月7日，在第八届进博会期间，"中企出海行稳致远"会议在上海举办。 据悉，会议旨在探讨当前形势下出海企业应如何构建更具韧性、更稳健的供应链，以及如何应对在海外 市场深入本土化运营的挑战。 虹桥国际中央商务区管委会常务副主任孔福安表示，虹桥具有独一无二的区位优势、含金量高的政策优 势、便利度好的环境优势和竞争力强的人才优势，商务区将着力构筑出海企业总部高地，打造海外综合 服务高地以及出海制度创新高地，赋能中国企业提升国际竞争力，全力打造长三角强劲活跃增长极 的 ...

Core Insights - The China International Import Expo (CIIE) has become a significant platform for multinational companies to showcase their commitment to the Chinese market, with FedEx being a notable participant for six consecutive years [1][3]. Company Strategy - FedEx has been actively expanding its operations in China, operating over 300 international flights weekly to connect Chinese customers with global markets [3]. - The company recently announced the addition of five new cargo flights connecting China to Paris, enhancing its global network coverage [3]. - FedEx has established 103 subsidiaries in China, employing over 10,000 staff and operating nearly 3,000 delivery vehicles [5]. Market Potential - The Chinese express delivery market is viewed as having significant growth potential, driven by policy and trade developments [6]. - FedEx aims to enhance its logistics network and service capabilities in China, focusing on key areas such as cross-border e-commerce and sustainable development [6]. Technological Innovation - FedEx is leveraging emerging technologies like artificial intelligence and the Internet of Things to build agile logistics infrastructure, helping Chinese clients create resilient supply chains [7]. - The company has deployed AI-driven sorting robots in its Guangzhou facility to improve digital operations and smart logistics networks [7]. Sustainability Efforts - FedEx is committed to sustainability, aiming for carbon-neutral operations by 2040, with a focus on electric vehicle adoption and reducing carbon emissions [6]. - The company plans to transition to a 100% zero-emission fleet for new delivery vehicles by 2030 [6]. Support for SMEs - FedEx is addressing challenges faced by small and medium-sized enterprises (SMEs) in cross-border e-commerce, such as complex customs regulations and tariffs [8]. - The company has developed software to simplify international shipping processes and optimize local transportation solutions, significantly reducing time costs for SMEs [8].

Core Viewpoint - The company, Zhongyuan Home Co., Ltd., has announced the convening of its second extraordinary general meeting of shareholders for 2025, scheduled for November 26, 2025, to discuss various important matters including investment decisions and changes to the company's capital structure [2][20]. Meeting Details - The extraordinary general meeting will be held on November 26, 2025, at 14:30 in Hangzhou, Zhejiang Province [2]. - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's network voting system [3][5]. - Shareholders must register to attend the meeting, with specific requirements outlined for both individual and corporate shareholders [11][12]. Investment Decisions - The board of directors has approved a proposal to invest $16 million in establishing a self-built production base in Vietnam, which aims to enhance the company's supply chain resilience and support business expansion [17][26]. - The investment will cover land acquisition, construction of facilities, and procurement of equipment [28]. - The project is expected to be implemented in phases, depending on market demand and funding availability [29]. Capital Changes - The company plans to change its registered capital and amend its articles of association following the repurchase and cancellation of 94,300 restricted shares, reducing the total share capital from 126,171,500 shares to 126,077,200 shares [21][22]. - This change is part of the company's strategy to align its capital structure with its operational needs and shareholder interests [31]. Shareholder Rights and Voting - Shareholders are encouraged to participate in the voting process, with provisions for those holding multiple accounts to aggregate their voting rights [7][9]. - The company will provide reminders and assistance to small and medium-sized investors to ensure their participation in the meeting [9][10]. Shareholder Equity Changes - A significant shareholder, Mr. Cao Yong, has reduced his stake in the company by 1%, from 69.97% to 68.97%, through a series of share sales between October 17 and November 7, 2025 [34][37]. - This reduction does not affect the control of the company, as the shareholder remains within the previously disclosed reduction plan [36].

Core Insights - The transformation of traditional textile industry into "smart manufacturing" is exemplified by the operations at Hai Lan Yun's smart factory, showcasing advanced technologies like laser cutting and intelligent body measurement systems [1][2] - The competitive landscape of the apparel industry is shifting from price wars to supply chain resilience, as highlighted by the collaboration between Hai Lan Zhi Jia and JD.com, which has enhanced inventory turnover efficiency by over three times [1][6] - The rise of domestic brands is reflected in the increasing engagement of younger consumers, with a notable growth in active female users online [3] Group 1: Supply Chain Innovations - Hai Lan Zhi Jia has implemented a "Deep Sea Data Model" in collaboration with JD.com, allowing for real-time monitoring of new products against historical bestsellers, leading to rapid identification of potential hits [1][4] - The partnership has resulted in a significant improvement in inventory management, with initial order quantities controlled between 500-1000 pieces, enabling dynamic replenishment to achieve sales of millions of units [1][6] Group 2: Technological Advancements - The Hai Lan Yun factory has achieved a custom order capability of one piece with a seven-day delivery time, significantly reducing the production cycle from 15 days to 4 days [2][6] - The factory's innovations include a laser cutting precision of millimeter-level and a cost-saving of over 20 million yuan annually through advanced fabric technologies [2] Group 3: Brand Development and Cultural Integration - Hai Lan Zhi Jia is diversifying its brand portfolio to include various segments such as men's, women's, and professional attire, while also enhancing brand value through cultural initiatives [4][6] - The company aims to instill national confidence in consumers by promoting comfort and dignity in clothing, as part of its long-term vision [4] Group 4: E-commerce and Consumer Trust - The collaboration with JD.com has led to a relatively low return rate for Hai Lan Zhi Jia, attributed to the quality perception and trust built through a robust membership system [5] - The continuous increase in self-operated sales on JD.com indicates a healthy channel ecosystem for the brand [5]

Core Viewpoint - The company is enhancing supply chain resilience through a dual approach: implementing a digital inventory management system and diversifying suppliers to mitigate risks and ensure stable supply [2]. Group 1 - The company is building a digital inventory management system to track inventory dynamics in real-time, aiming to avoid stockouts [2]. - The company is promoting a diversified supplier layout to spread risks and ensure stable supply [2].

本次投资建设越南自建生产基地项目事项，有助于增强公司供应链的韧性和安全水平，支撑公司业务的 拓展，有利于提升公司市场竞争力，推动公司的持续发展。 智通财经APP讯，中源家居(603709.SH)发布公告，为应对外部环境不确定性，增强公司供应链的韧性 和安全水平，满足公司业务拓展需求，公司拟出资1600万美元投资建设越南自建生产基地项目。上述投 资总额将用于公司越南自建生产基地项目产能建设、业务发展所必须的生产经营活动，包括但不限于购 置土地、建造厂房及附属设施、购置机器设备等。 ...