智通财经APP获悉，据三位知情人士透露，沙特石油巨头阿美公司正计划出售旗下四至五座燃气发电厂。这是该公司释放资金潜力(可能产生数百亿美元)战 略布局的一部分。 其中两位消息人士称，仅出售为炼油厂供电的这四至五座燃气电厂就可能筹集约40亿美元资金。目前沙特政府正敦促阿美公司提高盈利能力以增加国家财政 收入。 根据阿美2024年度财务报告，该公司在沙特境内全资或部分持有18座发电厂及相关基础设施，为其天然气工厂和炼油厂提供能源。另有新建电厂即将投产， 其中塔纳吉布燃气电厂项目预计今年投入运营。 阿美此次资产出售计划恰逢沙特王储穆罕默德·本·萨勒曼推动经济多元化战略之际。 在原油价格持续下跌的压力下，沙特正斥资数千亿美元推进包括2030年世博会和2034年足球世界杯在内的标志性项目。 去年石油收入仍占沙特财政总收入的62%，尽管获得阿美1990亿美元的特别分红，2024年国家预算仍出现逾300亿美元赤字。 今年五月，阿美发行了50亿美元债券并释放更多融资信号。路透社五月报道显示，该公司还计划通过引入投资者为基础设施项目筹集资金。 作为全球最赚钱的企业和沙特财政收入的主要来源，阿美公司近期持续推动资产出售、效率提升和 ...

然而20年过去，考场江湖已换颜色。2003年高考报名人数约为613万，实际录取人数为382万人，录 取率约为62.3%；2025年全国高考报名人数约为1335万人，整体录取率预计为79.65%左右。20年前本科 院校数量远少于今日，根据教育部数据，2003年全国具有普通高等学历教育招生资格的高校共1451所， 其中本科院校639所；而2025年普通高等学校达到2919所，其中本科学校1365所，数量明显增加。高考 考试形制也由当年的"3+X"演进为如今新高考的"3+1+2"等，选考更灵活、评价更综合。20年前大学文 凭较为稀缺，随着高等教育的普及，文凭的"含金量"呈现分化，学历已非唯一竞争力标志。 当然，也有人选择了"把青春装进档案袋封存，然后轻装走向新山海"，体现了自我和解的智慧。选 择打印的人，可能是想为人生留下一份珍贵的档案，或是致敬自己的那段拼搏岁月。选择不打印的人， 更愿意将高考视为已经翻过的一页，专注于当下和未来。无论哪种选择都值得尊重。重要的是，这项服 务让每个人都有了选择的权利，这本身就是社会进步的体现。如果高考于你是勋章，就珍藏；若是旧 伤，就让它留在云端。重要的不是分数单，而是此刻你对过去 ...

融智投资FOF基金经理李春瑜认为，2025年上半年股票策略私募产品备案数量位居各类策略之首，这主 要得益于以下几方面因素的综合推动：首先，在科技创新政策和产业升级预期的双重驱动下，A股市场 呈现稳步回暖态势，以人工智能为代表的核心赛道表现尤为活跃，有效提振了市场风险偏好和投资者情 绪。其次，私募证券产品整体业绩表现亮眼，特别是量化策略产品凭借其突出的超额收益能力，获得了 资金的重点配置。此外，持续优化的监管环境也为投资者信心提供了有力支撑。 多资产策略和期货及衍生品策略的备案数量紧随其后，这反映出在低利率市场环境下，投资者对资产配 置多元化的需求显著提升。这两类策略凭借其风险分散和收益稳定的特性，较好地满足了投资者优化投 资组合、平衡风险收益的需求。 具体来看，股票策略依然是上半年备案的主流策略，上半年备案股票策略产品高达3458只，占到备案产 品总量的63.32%。多资产策略和期货及衍生品策略成为股票策略后最受青睐的两大策略。上半年分别 备案多资产策略和期货及衍生品策略产品802只和633只，占比依次为14.69%和11.59%。 组合基金和债券策略，上半年分别备案组合基金和债券策略产品220只和212只， ...

IWSR最新报告显示，亚太酒饮市场正经历深度重构：整体增速放缓（2024年TBA总量-2%）、印度与 东南亚强势崛起（印度TBA+6%）之际，中国市场的剧变尤为瞩目——白酒销量下降5%，金酒却逆势 暴涨20%！当高端宴席让位于小酒馆轻社交，这场由"消费场景轻量化、品类多元化、价值出海"驱动的 变革，正改写中国酒业未来十年的增长规则。 整体下滑，各国大不同 在全球行业艰难的一年里，亚太地区也未能幸免于挑战。全球酒精饮料数据和情报权威机构IWSR的数 据显示，2024年亚太地区酒精饮料总量（TBA）下降了2%，总值下降了3%。 所有主要品类均出现价值下降，只有即饮饮品（RTDs）实现销量增长（+1%），啤酒（-3%）、烈酒 （-2%，包括本土烈酒）和葡萄酒（-4%）均出现销量下滑。 这一年是该地区两个人口最多国家——中国和印度命运截然不同的一年。前者的TBA总量下降了5%， 干邑、苏格兰威士忌和白酒均出现下滑；而印度的TBA总量则增长了6%，超高端产品的消费量增长了 19%。 在其他地区，菲律宾、泰国和越南的TBA总量均录得2%的增长，而日本（-1%）、韩国（-1%）和澳大 利亚（-3%）则出现TBA总量下降。 ...

国内业务阶段性承压，海外延续高增长态势。2024年公司营收实现个位数增长、归母净利润略有增长， 2025Q1公司营收及归母净利润均同比下滑，主要是受到国内设备招采活动推迟的影响。2024年公司整 体毛利率为63.14%(-1.08%，考虑会计政策变更影响)，预计主要是业务结构短期变化及部分产品价格调 整致2024Q4单季度毛利率(55.96%)下降较多所致，2025Q1公司毛利率环比提升6.57pct至62.53%，体现 短期调整影响或已基本消化。分地区来看，2024年公司国内业务同比下降5.10%，随着地方专项债(尤其 是用于支持医院新改扩建和设备采购的医疗专项债)发行规模快速增长，叠加招投标活力逐步复苏，公 司国内业务有望实现企稳回升;2024年公司国际业务同比增长21.28%,占整体收入比重提升至约45%,公司 海外高端客户群持续突破、本地化平台能力建设愈发完善，在发展中国家业务保持快速增长趋势，未来 公司国际业务收入占比有望不断提升。 核心业务整体稳健彰显经营韧性，海外拓展及高端突破打开发展空间。分业务板块来看，①生命信息与 支持:2024年收入135.57亿元(-11.11%)其中微创外科业务同比增 ...

2025年7月3日下午，中国金融信息中心10层大会议室内高朋满座、气氛热烈，由新华财经联合上海大学 上海城市更新与可持续发展研究院、上海大学经济学院共同举办的新华财经与上海大学"城市更新圆桌 会"暨"城市更新通论讲坛"第七讲——"金融支持城市向新而兴"顺利召开。活动吸引了众多金融从业 者、城市更新实践者及社会各界人士参与。上海大学党委常委、副校长、上海大学上海城市更新与可持 续发展研究院院长王从春，上海经济学院常务副院长殷凤教授，原院长聂永有教授，新华指数研究院副 院长亓芳芳，上海大学上海城市更新与可持续发展研究院副院长王剑参加了圆桌会。圆桌会由王剑副院 长主持。 上海大学副校长王从春致辞，阐述城市更新研究院发展成果与未来展望 会议伊始，王从春发表了热情洋溢的致辞。他首先对与会人员表示热烈欢迎，并介绍了上海大学自2023 年启动城市更新与可持续发展研究以来所取得的一系列丰硕成果，包括成为政产学研用"五位一体"的研 究院、获批中国第一个城市更新交叉学科博士点、编撰系列专著及教材、与联合国合作开展全球城市更 新最佳实践案例评选工作等多项进展。 他还特别提到城市更新已从1.0版本逐步迈向3.0版本，未来将重点聚焦于 ...

Core Viewpoint - The article highlights the significant increase in crude oil transportation from Canada's West Coast, particularly to China, indicating a diversification of oil procurement sources for China and a reduced reliance on the Middle East [1][3][4]. Group 1: Crude Oil Transportation Statistics - In March, crude oil transportation from Canada's West Coast reached 530,000 barrels per day, a tenfold increase year-on-year, marking the highest level since records began in 2013 [3]. - The majority of this transportation is for export, with a notable portion heading to China, which accounted for over 60% of the maritime transport volume by May 2025 [1][3]. - The transportation capacity from Alberta to the North American West Coast has been enhanced, allowing for an increase in crude oil transport capacity to 890,000 barrels per day, tripling the previous capacity [3]. Group 2: Market Dynamics and Implications - The increase in Canadian crude oil exports is attributed to improved transportation capabilities and a strategic shift in China's oil import policies, which have seen a decrease in reliance on the Middle East from an average of 47% (2019-2023) to 44% in 2024 [3][4]. - The diversification of oil sources is further supported by China's increasing imports from countries like Brazil, indicating a conscious effort to reduce dependence on Middle Eastern oil [4]. - Japan's imports of Canadian crude oil remain minimal, primarily due to the heavy nature of Canadian crude, which is less efficient for Japan's refining needs compared to lighter crude [4].

Group 1 - The banking industry is experiencing a significant adjustment in management, with numerous high-level executive changes across various banks, including state-owned, joint-stock, and city commercial banks [1][2] - Over 20 commercial banks have seen new appointments for vice presidents and above this year, indicating a trend towards a more dynamic leadership structure [1] - The approval of new executives by the financial regulatory authority has been a common theme, with several banks announcing new appointments and awaiting regulatory approval [1][2] Group 2 - There is a noticeable trend towards younger executives in the banking sector, with a majority of new appointments being individuals born in the 1970s and 1980s, reflecting a shift in management demographics [3] - The push for younger leadership is driven by the need for digital transformation and strategic shifts within banks, as well as policy encouragement for management iteration [3] - The frequency of executive changes in the banking industry has increased, suggesting a growing density of talent exchange, which is linked to the acceleration of digital transformation and internal operational changes [3] Group 3 - The executive appointment mechanism in banks is undergoing profound changes, with a diversification in recruitment methods, including market-based selection for many small and medium-sized banks [4] - Market-based recruitment is seen as a way to enrich the talent pool and enhance management effectiveness, which is crucial for high-quality development in the competitive banking landscape [4] - Several small and medium-sized banks have made leadership changes this year, indicating a strategic move to seek new growth momentum through personnel adjustments [4]

Core Viewpoint - Skyworks has significantly increased its presence in the chip spot market over the past two years, driven by rising demand in various sectors, including drones, and has seen a notable increase in prices for certain models [3][16]. Group 1: Company Overview - Skyworks is a non-typical analog chip manufacturer specializing in radio frequency (RF) chips, particularly in the RF front-end (RFFE) segment, which plays a crucial role in wireless communication modules [5][6]. - The global RF front-end market is dominated by major players, with Skyworks holding a 15% market share, alongside Broadcom, Qualcomm, Qorvo, and Murata, which collectively account for about 80% of the market [7][10]. Group 2: Market Position and Performance - Skyworks leads the power amplifier (PA) market with a 43% share, while also holding a 22.6% share in the RF switch market and 10% in the SAW filter market [10][11]. - The RF front-end components, particularly filters and power amplifiers, are projected to grow significantly, with expected market sizes of $2.1 billion and $1.4 billion by 2026, respectively [12]. Group 3: Business Segments and Revenue - Skyworks' revenue is primarily derived from two business segments: mobile business (60-67% of revenue) and broad markets (including IoT, automotive, and industrial applications) [14]. - The company has seen its revenue grow from approximately $800 million in 2009 to over $5 billion in recent years, with a peak of $5.486 billion in fiscal year 2022 [18][20]. Group 4: Challenges and Risks - Skyworks faces challenges due to its heavy reliance on mobile business, particularly on Apple, which contributes significantly to its revenue. A recent shift in Apple's sourcing strategy is expected to reduce Skyworks' demand by 20-25% [21][23]. - The company has experienced a shift in revenue sources, with the U.S. market's share increasing from over 50% in 2018 to 77% in 2024, while its reliance on the Chinese market has decreased [25]. Group 5: Future Outlook - Skyworks is actively diversifying its business to reduce dependence on the smartphone market, with broad markets revenue increasing from about 30% in fiscal year 2021 to over 35% in fiscal year 2024 [26]. - Despite facing challenges, Skyworks maintains a strong cash flow, with free cash flow exceeding $1.6 billion for two consecutive years, supporting ongoing R&D and product development [31].

摘要: 探索MHmarkets（MH迈汇）的全球市场布局，提升您的投资视野，掌握更多金融机会，开启财富新篇章！ 在当今瞬息万变的金融世界中，全球市场布局的重要性不言而喻。我们通过MHmarkets（MH迈汇），致力于拓展投资视野，并挖掘新兴市场的巨大潜力。 虽然成熟市场提供了稳定的收益，但多元化的资产配置策略能帮助我们在各类市场中实现更大的投资回报。金融科技的进步，也为我们的投资决策提供了更 精准的数据支持。在全球视角下，我们相信能发现更多的投资机会，并更好地为客户创造价值。 ## 关键要点 全球市场布局帮助企业提升市场竞争力与业务拓展能力。 新兴市场需关注经济趋势、政策变化及人口结构以识别机遇。 成熟市场提供稳定收益，多元化投资分散风险。 金融科技提升投资决策效率，区块链技术提高交易透明度。 在全球市场布局中，我们不仅能够拓展视野，还能提升竞争力。全球化的趋势使得我们必须重新审视市场布局的重要性和潜在优势。通过合理的战略规划， 我们可以更好地把握全球投资的优势，进一步推动企业的成长。 市场布局的重要性在于它直接影响着我们的市场竞争力和业务拓展能力。我们可以通过市场布局更好地识别新的增长机会，并有效应对市场变 ...