Core Viewpoint - The company RH is navigating uncertainties related to newly imposed tariffs while focusing on in-house initiatives and global market expansion to enhance growth prospects [1][6]. Group 1: Market Conditions and Company Response - Ongoing uncertainties regarding tariffs are particularly concerning for RH, which sources products from various international markets [1]. - The company is executing product transformation and platform expansion strategies to counter market turbulence [1]. - RH's stock price has shown an upward trend following the release of its fourth-quarter fiscal 2024 earnings, reflecting investor optimism [2][3]. Group 2: Supply Chain Management - RH has shifted a significant portion of its production from China to Vietnam, currently sourcing about 35% of its products from Vietnam compared to 23% from China [4]. - The company has also resourced a considerable amount of its China production to its factory in North Carolina [4]. - RH remains optimistic about potential tariff negotiations with Vietnam, which could positively impact its growth [5]. Group 3: Fiscal Guidance and Financial Performance - For fiscal 2025, RH expects revenue growth between 10% and 13%, with adjusted EBITDA margin growth anticipated between 20% and 21% [7]. - The company projects free cash flow of $250-$350 million for fiscal 2025, a significant improvement from the negative cash flow of $213.7 million reported in fiscal 2024 [8]. - Despite macroeconomic headwinds, RH's in-house capabilities are expected to drive a year-over-year estimated growth of 104.1% for fiscal 2025 [12]. Group 4: Earnings Estimates and Market Sentiment - Analysts have downgraded earnings estimates for RH by 17% in the past week due to uncertainties in the housing market and high mortgage rates [9]. - In contrast, RH's estimated growth outpaces that of its industry peers, which are expected to see declines in earnings estimates for fiscal 2025 [12].

1、 前捷威动力核心团队入驻LG新能源 2、 六家锂电企业IPO更新！ 3、 宁德时代在重庆成立电池公司 4、 第七届起点钠电论坛明日3.28深圳举办 KUUI GRUUP 512 · 18 | LA 97 G 广播报道 EAST 品事特 第十188年 | 股票+ 300376 国科炭美 CARMERY 型 乌萨尔 成在济合作局 batthoux dynamics 泰和 的电视 宝 地 资 产 BAOLAND ( 码上参会 77 Va the ♪ 上个月，印度承诺避免贸易保护主义。为此，印度削减了包括高端摩托车在内的近30种商品的 进口关税，并且表示将对豪华汽车的附加费展开评估。 本月早些时候，有媒体报道称，随着特斯拉即将进入印度市场，美国希望印度在两国拟议的贸 易协议下取消汽车进口关税，但印度即便考虑进一步降低关税，也不愿立即将汽车进口关税降 为零。当时，有知情人士称，美国对印度取消汽车进口关税的期望"比其他任何方面都更为明 确"，而印度"正在听取美国的意见"，并未予以反驳。 （ 来源：国际能源网、综合报道 ） 据路透社报道， 3月25日，印度政府官员表示，该国政府将不再对用于制造电动汽车电池和手 机的数十 ...

周一，美股全面上涨，标普500指数收涨1.76%，报5767.57点，创下两周多来的最高水平。纳斯达克指 数上涨2.27%，道琼斯工业指数上涨1.42%。科技股成为市场焦点，英伟达上涨超3%，AMD大涨7%， 特斯拉更是飙升近12%，录得去年11月以来的最大单日涨幅。DooPrime德璞资本分析市场的乐观情绪主 要来源于特朗普政府可能调整对贸易伙伴的关税政策，这一预期推动投资者重新买入此前遭受打压的科 技股。 市场情绪为何转向积极？ Doo Prime德璞：美股为何大涨？关税调整预期如 何影响市场情绪？ 尽管周一市场表现强劲，但投资者仍在关注未来几周可能影响市场走向的关键因素： 上周末有报道称，美国总统特朗普原计划自4月2日起征收广泛关税，但目前考虑排除部分行业，具体细 节尚未最终敲定。这一消息缓解了市场对美中贸易紧张局势升级的担忧，同时也降低了对美股盈利能力 的负面影响。虽然美国政府官员仍表示情况存在变数，但市场情绪明显改善，投资者开始回补此前因关 税担忧而被抛售的股票。 科技股为何领涨？ 芯片股回暖：PHLX芯片指数上涨3%，英伟达、AMD等领涨。由于半导体行业与全球供应链关系密 切，若美国对某些高科技行 ...

Monetary Policy and Economic Outlook - The central bank plans to lower the reserve requirement ratio and interest rates based on domestic and international economic conditions, indicating room for further reductions[1]. - The central bank will expand the re-lending scale for technological innovation from 500 billion yuan to between 800 billion and 1 trillion yuan[1]. Global Trade and Tariffs - President Trump signed an amendment to exempt products under the US-Mexico-Canada Agreement from tariffs until April 2, while steel and aluminum tariffs remain unchanged[1]. European Monetary Policy - The European Central Bank cut interest rates by 25 basis points, signaling a potential end to its easing cycle[1]. Commodity Market Performance - Domestic commodity futures closed higher, with energy and chemical products generally rising; LPG increased by 1.08% and rubber by 1.06%[1]. - Black commodities saw an overall increase, with coking coal up by 1.69% and coking coke by 1.04%[1]. - Agricultural products also rose, with palm oil increasing by 1.42%[1]. Global Asset Performance - NYMEX crude oil closed at $66.27, down 0.18% for the day and down 18.00% year-on-year[2]. - LME copper rose by 0.99% to $9,689.00, with an annual increase of 8.09%[2]. - COMEX gold decreased by 0.31% to $2,919.80, with a year-on-year increase of 33.73%[2]. - The Shanghai Composite Index rose by 1.17% to 3,381.10, with a year-on-year increase of 9.88%[2].

据悉，美国贸易政策调整方案确认于2025年3月4日生效，涉及我国电池及储能系统产品的关税 包含如下： ①新增双10%关税叠加措施； ②既有关税体系涵盖3.4%基础关税； ③301条款关税现为7.5%，2026年起升至25%； 综合计算，至2026年1月，中国产电池及储能 系统综合关税将达48.4%。 1、 2025大圆柱电池应用全面开花！ 2、 远景动力沧州二期项目正式开工 3、 三大企业打造圆柱材料升级新样本 4、 诺达智慧：半固态圆柱电池技术发展 市场调研显示，当前美国储能市场仍高度依赖进口，2024年磷酸铁锂电池在当地电池储能市场 应用占比达90%，显著高于美国本地电动车市场不足10%的渗透率。 此前，2025年2月1日，美国总统特朗普签署了一项行政令，决定对进口自中国的商品加征10% 的关税。此次加征关税将适用于所有进口自中国的商品。此次对中国商品加征10%的关税，让 中国出口美国的光伏产品最高关税将由原先的50%升至60%，涵盖了太阳能电池、硅片和多晶 硅等关键产品。 如今，特朗普再次提议在3月4日对中国商品额外加征10%关税，若落实，这将使美国对华加征 关税累计达到更高比例。其中光伏组件将达到70 ...