晨星投资峰会（Morningstar Investment Conference，MIC）拥有超过37年的历史，是晨星享誉全 球的年度投资盛宴，足迹遍布中国、美国、澳大利亚、荷兰、印度、南非等国家，持续赋能全球数 万名投资者，实现财富保值与增值。 晨星（中国）2025年度投资峰会由晨星中国主办，广州投资顾问学院、嘉信理财、易方达基金、鹏 华基金、基煜基金、盈米基金、广州投资顾问产业链投资有限公司提供赞助支持。 此次峰会将于5月22日在上海浦东香格里拉酒店举办，围绕"智汇全球・共见未来——探索买方投顾 新生态"，设置7场圆桌对话，5大主旨演讲，深度聚焦买方投顾生态重构、AI赋能资产管理体系等 前沿议题，汇聚海内外顶尖的行业领袖和专家学者，共探本土公募基金与财富管理市场的未来新路 径！ 欢迎 扫描下方二维码 或 点击文末阅读原文 进行报名注册！ 晨星（中国） 2025 年度投资峰会最新峰会议程： | 09:00-09:10 · 开场致辞 | | | --- | --- | | . 09:10-09:40 | 主旨演讲 | | | 公募基金和财富管理的大趋势(拟) | | 09:40-10:10 . | 主旨演讲 ...

Core Viewpoint - Ningbo Bank demonstrated strong resilience in the first quarter of 2025, achieving steady growth in profits and assets despite a challenging external economic environment and intense industry competition [1][4]. Financial Performance - In Q1 2025, the net profit attributable to shareholders reached 7.417 billion yuan, a year-on-year increase of 5.76% [4]. - The operating revenue for the same period was 18.495 billion yuan, reflecting a year-on-year growth of 5.63% [4]. - The annualized weighted average return on equity was 14.18%, while the total asset return rate stood at 0.91% [4]. Asset Growth - As of March 31, 2025, the total assets amounted to 3396.035 billion yuan, representing an 8.67% increase from the beginning of the year [4]. - Loans and advances reached 1640.169 billion yuan, marking an 11.12% growth since the start of the year [4]. - Customer deposits totaled 2182.604 billion yuan, which is an 18.86% increase year-to-date [4]. Risk Management - The bank maintained a non-performing loan ratio of 0.76%, unchanged from the beginning of the year, and a provision coverage ratio of 370.54%, indicating strong risk mitigation capabilities [8]. - The bank's risk management system is comprehensive, covering all processes, chains, cycles, and dimensions, ensuring stable asset quality [8]. Strategic Focus - Ningbo Bank is committed to a strategy of "doing what big banks cannot do," focusing on differentiated development paths and leveraging financial technology to meet diverse customer needs [1][8]. - The bank aims to balance risk and return while adapting to changes in the operating environment, with a focus on sustainable and high-quality growth [8].

近年来，ST墨龙围绕生产经营、海外战略、市场订单、技术创新、内部管理等方面，通过实施一系列 创新举措，公司发展已逐步焕发出新的生机与活力。 据介绍，在国内市场方面，公司近期陆续中标中国石油天然气股份有限公司、中国石油化工股份有限公 司等央企、国企，以及新疆、内蒙古等地区的油气装备订单；在海外市场，新增部分非洲、中东、东南 亚、中亚、南美等地区的国际订单。目前，企业在手订单20余万吨，为企业健康、可持续发展提供了强 有力的保障。 本报讯 （记者王僖）4月28日晚，山东墨龙石油机械股份有限公司（以下简称"ST墨龙（002490）"）发 布2025年一季报，报告期内，公司实现营业收入2.91亿元，同比增长50.51%，实现归属于上市公司股东 的净利润542.32万元。 对于目前公司所处行业的整体状况，ST墨龙有关人士表示，近年来，国际原油价格持续保持在相对高 位，为全球油气勘探开发投资提供了支撑，推动油气公司资本开支持续回暖，油气设备及服务需求增 加，行业景气度持续回升。 此外，ST墨龙还稳步推进海外战略实施，积极布局中东、中亚及东南亚等海外市场，筹备设立海外子 公司或海外生产基地，以进一步扩大市场份额。 近日，公 ...

刚过完60岁生日，"掌舵"上海银行近十年的金煜终于全身而退。 4月22日，上海银行公告称，董事长金煜因年龄原因辞职，辞呈送达董事会即生效，其不再担任公司任 何职务。当天，上海银行召开干部大会，宣布顾建忠担任上海银行党委书记，顾建忠从上海农商银行行 长的任上回归"老东家"。 作为资深银行家，金煜于1965年2月出生，曾长期在建设银行系统任职。他自2015年6月起担任上海银行 董事长，至今已近10年。 60岁，正是多数银行人绕不开的一个坎。据南都湾财社记者观察，以商业银行为代表的金融圈，目前有 一批董事长或行长即将或已踏入法定退休年龄。"老将卸甲"后，金融机构又何以保持战略定力？ （图片由AI生成） 1 沙场老将"没有终点" 1965年底出生的王良，今年底将届60周岁。他麾下的招商银行，在宏观经济、资本市场震荡起伏背景 下，提交了一份2024年业绩报告：营业收入3374.88亿元，同比下降0.48%；归属本行股东的净利润 1483.91亿元，同比增长1.22%。承压之下这份成绩单，基本是银行业的晴雨表。 作为那个年代的"学霸"，王良毕业于中国人民大学，1991年取得货币银行学硕士学位后。他在1995年6 月进入招 ...

Core Viewpoint - Chang'an Airlines, a subsidiary of HNA Group, has innovatively introduced a "red-blue confrontation" model to enhance its emergency response capabilities and strengthen aviation safety measures through practical emergency drills [1][2]. Group 1: Emergency Drills - In the "Aircraft Engine Abnormal Vibration" emergency drill, Chang'an Airlines organized flight, maintenance, and dispatch personnel into red and blue teams to tackle high-difficulty emergency scenarios, resulting in a close victory for the blue team with a score of 18:16 [2]. - The blue team addressed the operational challenge of whether using reverse thrust exacerbates vibration by studying manuals and conducting team discussions to establish operational standards [2]. - The red team proposed an innovative "control relay communication" emergency plan to resolve ground-air instruction issues during satellite communication interruptions, which has been incorporated into the company's emergency procedures [2]. Group 2: Communication Mechanisms - During the "Airborne VHF Communication Loss" emergency drill, Chang'an Airlines' AOC established a communication channel quickly and successfully guided flight diversions using a scientific emergency communication mechanism [2]. - The integration of the national control emergency communication database into the electronic flight bag (EFB) system allowed for real-time flight monitoring based on four-dimensional parameters: fuel, altitude, position, and speed [2]. - The optimization of standard cabin broadcast scripts significantly improved the cabin safety management capabilities during emergencies [2]. Group 3: Ongoing Emergency Preparedness - Chang'an Airlines has been regularly conducting various emergency drills, including engine failure, hijacking, in-flight medical emergencies, and fire incidents, led by the company's emergency command center and business units [3]. - The company invites oversight from the Civil Aviation Northwest Regional Administration and the Civil Aviation Shaanxi Regulatory Bureau to observe and guide these drills, ensuring practical training and timely analysis to enhance emergency plans [3]. - These efforts aim to clarify employees' safety responsibilities and emergency measures, thereby strengthening safety risk identification, emergency system construction, and response capabilities, contributing to the high-quality development of civil aviation in Northwest China [3].

证券代码：300939 证券简称：秋田微 公告编号：2025-011 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 天健会计师事务所（特殊普通合伙）对本年度公司财务报告的审计意见为：标准的无保留意见。 本报告期会计师事务所变更情况：公司本年度会计师事务所未发生变更。 非标准审计意见提示 □适用 √不适用 公司上市时未盈利且目前未实现盈利 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 公司经本次董事会审议通过的利润分配预案为：以公司总股本120,000,000股扣减回购专用证券账户 1,425,982股后118,574,018股为基数，向全体股东每10股派发现金红利4.00元（含税），送红股0股（含 税），以资本公积金向全体股东每10股转增0股。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 公司是一家专业从事液晶显示及触控产品研发、设计、生产和销售的国家级高新技术企业，秉承"呈现 世界，还原真实；连接万物， ...

特别提示 微信公众号机制调整，请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 您是否正为实验室搬迁中的设备打包运输、顺序安排而感到压力重？在构建安全管理体系与合规建设时又是否感到困惑？别担心，这场线上会 议将为您送上及时的解决方案！ 本次会议专注于实验室搬迁、安全管理与建设领域，汇聚众多行业专家，带来最前沿的理念和丰富的实践经验，旨在帮助您解决日常工作中所 面临的实际难题。不论您是来自科研机构、高校，还是企业实验室，这里都有您需要的核心内容。 安捷伦Cr o ssLa b服务将在会议中展示，如何为各类实验室的整体搬迁打造定制化的综合方案。我们的搬迁流程涵盖了从搬迁前文件体系确认、 新址规划，到物理搬迁、新实验室的安装调试、验证和网络版软件的验证等各个环节。特别针对GMP实验室，我们还提供定制化的专属增值服 务，确保搬迁全程的合规与高效，助力您的实验室平稳过渡，顺利开启新的篇章。 会议内容要点： 实验室搬迁中的挑战与应对策略 行业内专家分享实战经验 实验室搬迁的成功案例解析 Q&A环节 现场解答与会者的疑问，互动交流，分享更多经验 通过本次会议，我们希望能为您在实 ...

Core Viewpoint - Establishing a systematic investment thinking framework for gold futures requires integrating macroeconomic logic, commodity attributes, market sentiment, and trading strategies to form a comprehensive understanding of gold price fluctuations [1]. Group 1: Understanding the Gold Market - Gold's intrinsic properties include being a safe-haven asset that attracts risk-averse funds during geopolitical conflicts and economic crises, as seen during the 2022 Russia-Ukraine conflict [1]. - Gold futures have unique characteristics, such as leveraged trading through standardized contracts (e.g., COMEX gold at 100 ounces per contract) and a margin system that amplifies risk and returns [2]. Group 2: Analytical Framework Construction - Geopolitical events and black swan occurrences, like wars and sovereign credit crises (e.g., the 2011 European debt crisis), can trigger safe-haven buying, but caution is needed for profit-taking after events settle [3]. - Technical analysis involves assessing long-term trends through weekly/monthly charts (e.g., a decade-long bull market from 2001-2011) and capturing short-term fluctuations via hourly charts [4]. - Historical price points, such as the peak of $2075 per ounce in August 2020 and key psychological levels (e.g., $1800, $1900), are critical for analysis [5]. Group 3: Fundamental Analysis - Key macroeconomic indicators include the U.S. CPI and non-farm payroll data, which influence inflation and employment, subsequently affecting Federal Reserve policies and gold prices through real interest rates [6]. - The 10-year TIPS yield (real interest rate) shows a significant negative correlation with gold prices [6]. - Central bank policies, particularly during the initial phase of a rate hike cycle, can suppress gold prices, but expectations of economic recession may lead to a reversal in gold's favor [6]. - Global central bank gold purchases provide long-term support for gold prices [6]. Group 4: Trading Strategies - Trend-following strategies are suitable during rising recession expectations and ongoing central bank easing [12]. - Mean reversion strategies apply when gold prices deviate from implied values based on real interest rates or when overbought/oversold indicators signal a reversal [15]. - Event-driven strategies involve adjusting positions before key data releases (e.g., non-farm payrolls, CPI) and entering trades based on market reactions [17]. Group 5: Risk Management - Leverage control is essential due to gold futures' high volatility (daily fluctuations of 1-3%), recommending a maximum risk of 2% of the trading capital per trade [19]. - Dynamic stop-loss strategies can be based on support/resistance levels or volatility measures like the Average True Range (ATR) [21][22]. - Hedging strategies may involve inverse positions in the U.S. dollar index or balancing with equity assets [23]. Group 6: Trading Psychology and Cognitive Upgrades - Overcoming cognitive biases, such as anchoring effects and overtrading, is crucial for successful trading in gold [24][25]. - Recognizing the "inflation-recession" cycle of gold can help traders adapt their strategies accordingly [26]. - Continuous review and iteration of trading logic and strategy performance are necessary for improvement [29]. Group 7: Common Misconceptions and Responses - Misconception 1: Viewing gold solely as an inflation hedge; real interest rates must be negative for gold to be truly bullish [31]. - Misconception 2: Ignoring liquidity risks, especially during significant market events that may lead to liquidity shortages [32]. - Misconception 3: Confusing futures with physical gold, as futures contracts incur time costs and potential roll-over losses [33]. Summary of the Gold Investment Framework - The core of the gold investment thinking system is a triadic driving model comprising real interest rates (fundamentals), dollar cycles (monetary attributes), and risk-averse sentiment (emotional factors) [35]. - Strategies should align with market conditions, utilizing trend strategies in trending markets and mean-reversion strategies in sideways markets [36]. - Prioritizing risk management is vital due to gold's volatility, emphasizing survival over profit [37].

4月1日，中注协对新承接上市公司客户较多的会计师事务所提示风险，称要严守风险底线确保审计质量。 据悉，2022年以来，多家备案从事证券服务业务的会计师事务所被相关监管部门给予暂停经营业务或证券业务的行 政处罚，上市公司变更审计机构的数量较以往年度大幅增加。部分会计师事务所新承接的上市公司客户较多，个别 会计师事务所新承接的上市公司客户数量超过原有客户数量的20%，业务规模的扩张对事务所的质量管理提出了更 高要求。 据悉，今年中注协将持续做好上市公司年报审计监管工作，年报审计期间，密切关注事务所、上市公司的舆情资讯 和媒体质疑重大事件等，适时启动年报审计监管约谈工作，提示审计风险。年报审计结束后，中注协将对年报审计 情况进行分析，确定执业质量检查重点，督促引导事务所强化质量风险管控，提升上市公司年报审计质量。 二是强化一体化管理。事务所按《会计师事务所一体化管理办法》要求，实现人员管理、财务管理、业务管 理、技术标准和质量管理、信息化建设等五方面的统一管理，投入资源推进新加入人员的整合；加大信息化建 设投入，提升审计效率和审计质量；建立以质量为导向的考核机制，在全所范围内统一进行合伙人考核和收益 分配；加强基础 ...

Metallus (MTUS) Q4 2024 Earnings Call February 28, 2025 09:00 AM ET Company Participants Jennifer Beeman - Director - Communications & Investor RelationsMike Williams - President & Chief Executive OfficerKris Westbrooks - Executive Vice President & Chief Financial OfficerDave Storms - Director of Equity Research Conference Call Participants John Franzreb - Senior Equity AnalystPhilip Gibbs - Director & Equity Research Analyst Operator Good morning. My name is Audra, and I will be your conference operator to ...