"房价如潮水，退去方知谁在裸泳。"——《资本论》如是说 本文核心观点：房子不是资产，而是负债。当潮水退去，真正的财富藏在认知里。 作者简介：言叔，资深财经评论员，坚信 "认知才是最大的不动产"。关注我，用不一样的视角看世界。 一、4月楼市：从"小阳春"到"速冻模式" 4月的楼市数据，像一盆冰水浇在所有人头上。 中指研究院的数据显示，百城二手房均价环比下跌0.69%，同比跌幅扩大到7.23%，100个城市无一幸免。 北京、上海、广州、深圳这些"铁打的"一线城市，房价环比跌幅都超过0.3%，广州更是以0.49%的跌幅领跌。 最惨的是二线城市，环比跌幅达到0.77%，相当于每套房每月蒸发3-5万。 言叔想分享个身边的现实故事：杭州中介小王说，他手里有套西湖边的学区房，房东年初挂牌800万，4月直接 降到680万，还没人问津。 "以前是'皇帝女儿不愁嫁'，现在是'白菜价甩卖'。" 这哪里是"小阳春"？分明是"倒春寒"！ 2月份还有3个城市房价上涨，3月只剩1个，4月干脆全军覆没。就像有人开玩笑说："楼市就像坐过山车，刚升 到顶点，突然垂直坠落。" 二、房价暴跌背后的"三重危机" 1.供需失衡：房子多到"过剩" 数据会 ...

今天，利用生物经济50人论坛的活动，与大家分享一下对生物制造限制要素的体会。 以下文章来源于华谷研究院 ，作者刘修才 华谷研究院 . 打造高水平思想库，开展生物经济领域的前沿技术问题、政策问题研究、为政商资研学提供交流平台，促进技术、资本、人才、服务和市场等要素配置， 推动中国生物经济的跨越式发展。 以下分享来源于 凯赛生物刘修才博 士 在 生物经济50人论坛上的演讲分享。 【SynBioCon】 转载，与行业共勉！ 首先，我认为任何一个高科技的成功，都要重视科研投入，但科研要是不依赖企业都是没戏。 我个人从来不赞成必须产学研结合的说法，这是个不 成立的话题。如果企业没有研究能力，就不是高科技企业、也不可能既强又大；如果高科技企业不掌握核心技术，也不可能有竞争力。 没有企业创新导致差异化，大家就回到传统的制造业上面来了——互相卷。我不是说高校和研究机构不发挥作用。生物制造这里面有很多基础和前 沿技术应当来自于高校和研究机构，因为多数企业不愿意投钱或没有能力做基础研究。 但是如果高校和研究机构都去搞应用性技术开发，这肯定不着调。在基础研究和应用性技术开发区间有一个灰色区域，也就是这个灰色区域给很多 人钻了空子， ...

Core Viewpoint - The article discusses the advancements and challenges faced by Chinese lithium battery material companies in Finland, highlighting the strategic importance of the region for the European market and the complexities involved in project execution [3][6][7]. Group 1: Industry Developments - The 2025 High-Performance Sodium Battery Industry Summit and the 2025 High-Performance Solid-State Battery Technology and Application Summit are scheduled for June 9 and June 10, respectively, in Suzhou, China [2][3]. - A new lithium battery cathode material project by Dangsheng Technology (Finland) has commenced, with a total investment of approximately €800 million (around 6.537 billion RMB), aiming for an initial production capacity of 60,000 tons/year of NCM [4]. - Sanyuan Technology plans to establish a lithium-ion battery anode material integrated project in Finland, with a projected annual capacity of 100,000 tons, divided into two phases [5]. Group 2: Regional Advantages - Finland's geographical proximity to the Baltic Sea facilitates easy access to European markets, enhancing logistics for raw materials and products [6]. - The country possesses abundant resources necessary for lithium battery production, including nickel, cobalt, and lithium, along with a stable supply of graphite materials from its forestry industry [6]. - Finland's renewable energy resources, such as hydropower and biomass, contribute to lower energy costs, making it an attractive location for energy-intensive lithium battery production [6]. Group 3: Challenges and Uncertainties - The construction cycle for lithium battery projects in Europe is notably longer, with Dangsheng Technology's project planning initiated six years ago and Sanyuan Technology's projects requiring two years for each phase [6]. - The international market's volatility and changing geopolitical landscape have introduced uncertainties for Chinese companies operating in Finland, exemplified by Zhongwei Co.'s decision to shelve its high-nickel ternary precursor production project after four years of planning [7].

Group 1: Energy Transition Overview - The report highlights that in 2024, clean energy investments reached $2 trillion, yet global CO2 emissions hit a record high, indicating uneven distribution of energy investment benefits and challenges from energy security, policy changes, and emerging technology demands [1][30][59] - Global energy demand is projected to grow slowly or decline, with significant increases in electricity demand driven by electrification in various sectors, particularly in Ambitious Climate scenarios [20][52] Group 2: Energy Development Trends - Oil demand is expected to peak around 2030 and decline thereafter, with significant regional differences in natural gas demand, particularly growth in developing countries [2][18] - Renewable energy capacity saw a record addition of 562 gigawatts in 2023, but achieving the COP28 target of tripling global renewable capacity by 2030 will require substantial additional capacity [66][70] Group 3: Regional Energy Dynamics - China leads in solar energy development, while India shows strong growth but remains behind China and the US; the global "East" region dominates solar demand but is experiencing a declining share [3][22] - In Africa, energy demand is expected to decline despite rapid population growth, with a significant energy poverty issue and low per capita electricity consumption [4][22] Group 4: Future Projections and Challenges - By 2050, renewable energy sources, particularly wind and solar, are projected to account for over 50% of electricity generation, with coal generation declining significantly across all scenarios [31][37] - The report emphasizes the need for enhanced policy support, technological innovation, and international cooperation to overcome the challenges facing global energy transition [4][30]

4月29日晚，孚能科技发布了2024年年度报告，报告期内，公司实现营收116.80亿元，实现归母净利润 为-3.32亿元。 孚能科技表示，公司本年度虽然营业收入同比有所下降，但归属于上市公司股东的净利润、归属于上市 公司股东的扣除非经常性损益的净利润的亏损均大幅收窄，主要包括了综合毛利率提升和推行降本增效 措施等原因。 随着广州工控逐步完成对孚能科技控股权的收购，公司表示，2025年公司将进一步利用广州工控的国资 背景和资源优势对公司的赋能作用，例如公司未来可积极融入广州乃至大湾区新能源汽车产业链、低空 经济产业链发展布局，加强和拓展与当地企业的业务合作，此外也有助于公司降低融资成本、优化公司 治理结构等，有利于公司长期稳健发展。 提前布局前沿技术 公司是全球三元软包动力电池的领军企业之一，是中国第一批实现量产三元软包动力电池的企业。公司 作为业内最早确立以软包动力电池结构为动力电池研发和产业化方向的企业之一，在市场方向把握和技 术路线判断方面体现出较强的前瞻性。 在前沿技术布局方面，2024年公司延续"投产一代、储备一代、开发一代"的技术研发思路，根据市场需 求适时将技术储备产业化，并储备了多项下一代动力电 ...

4月30日， 全球容量最大的高温超导储能装置 在翠亨新区落户动工，这是国家重点研发计划"高 性能高温超导材料及磁储能应用"在中山配套落地的示范工程项目，能为高新企业提供超级稳定 的电能。 据悉，高温超导储能技术是推动我国新型电力系统建设，助力实现"碳达峰、碳中和"目标的关键 技术之一。此次落地的示范工程项目坐落于翠亨新区马鞍岛110kV滨海变电站旁，该装置由超导 磁体、低温制冷系统、变流器及监控系统等关键部件组成， 最大输出功率不低于5兆瓦，储能量 不低于10兆焦。 目前， 电网普遍采用的化学储能方式，虽然已经做到线路断电后能以秒为单位恢复供电的先进水 平，但随着高精尖企业的增多，企业对供电稳定性的质量又提出了更高的要求 ，需要应用高性能 的高温超导材料及磁储能技术。中山市翠亨新区党工委委员、管委会副主任邓锦平表示，深中通 道通车以来包括中广核、康方、中科药物研究所等大批高科技企业陆续建成投产，这批企业对电 力的需求不光量大，而且对稳定性的要求很高。 为满足企业需求，降低电力运营成本， 中山供电局在广东电网公司的组织下，联合中国科学院、 北京大学、北京交通大学、上海超导等国内顶尖团队 ，集中力量攻克了高温超导 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected investment return exceeding the market benchmark by more than 15% over the next 6-12 months [3][14]. Core Insights - The company achieved a revenue of 17.79 billion yuan in 2024, representing a year-on-year growth of 19.10%, while the net profit attributable to shareholders decreased by 9.70% to 1.81 billion yuan [1]. - The company has successfully expanded its offshore wind market presence, securing significant orders in both domestic and international markets, with domestic new orders exceeding 20GW in 2024, a historical high [2][3]. - The company is actively pursuing overseas market expansion, with new project contracts signed in Europe, India, Kazakhstan, and the Philippines, totaling nearly 2GW [3]. Summary by Sections Financial Performance - In 2024, the company reported a revenue of 177.92 billion yuan, a 19.10% increase from the previous year, while the net profit attributable to shareholders was 18.12 billion yuan, down 9.70% [1]. - The first quarter of 2025 saw a revenue of 21.87 billion yuan, marking a 26.58% year-on-year increase but a 74.93% decrease from the previous quarter [1]. Market Position - The company maintained a stable position in the wind turbine industry, with a market share increase of 1.18 percentage points, ranking fifth in new installed capacity with 9.15GW in 2024 [1][2]. - The wind turbine manufacturing business generated approximately 135.79 billion yuan in revenue, with a gross margin of 10.99% [1]. Order and Project Development - The company has a robust order backlog, with over 24GW of domestic orders as of the end of 2024, supporting future revenue growth [2]. - The company has adopted a "rolling development" strategy for wind farm projects, enhancing economic efficiency through the transfer of project capacities [2]. International Expansion - The company has made significant strides in international markets, including the establishment of subsidiaries in multiple countries and the signing of a technology licensing agreement in India [3]. - The company is expanding its production capacity in India and has commenced operations in Kazakhstan, aiming to strengthen its international business capabilities [3]. Profit Forecast and Valuation - The profit forecast for 2025-2027 has been adjusted, with expected net profits of 2.10 billion yuan, 2.51 billion yuan, and 2.91 billion yuan respectively, reflecting a downward adjustment of 16% and 14% for 2025 and 2026 [3][4]. - The projected earnings per share (EPS) for 2025-2027 are 1.71 yuan, 2.05 yuan, and 2.38 yuan, with corresponding price-to-earnings (P/E) ratios of 13, 11, and 10 [3][4].

Group 1 - The Qingdao Municipal Administrative Approval Bureau provided expedited approval services for the Yantai-Weihai 1000 kV UHV AC transmission and transformation project, significantly reducing the time required for project initiation by nearly one and a half months [1][2] - The project involves multiple cities in Shandong Province, including Yantai, Qingdao, Weifang, Rizhao, and Linyi, and aims to support the province's energy structure transformation and the implementation of carbon neutrality and peak carbon strategies [2] - The Qingdao Administrative Approval Service System established a "one-on-one" connection for key projects, implementing a service process that includes full tracking, demand monitoring, and collaborative support, resulting in a 70% reduction in review frequency and a 50% savings in review costs [3] Group 2 - The project traverses 39 rivers and 73 crossing points, highlighting the complexity of the construction process and the need for efficient administrative support [2] - The Qingdao Administrative Approval Bureau plans to continue enhancing innovative approaches to optimize service measures, aiming to accelerate the progress of major projects and promote higher quality development in water-related construction projects [3]

着力做强大健康产业和特色农业，持续织密扎牢民生保障网 保亭：砥砺奋进奏响绿色发展华章 俯瞰保亭黎族苗族自治县县城。海南日报全媒体记者 王程龙 摄 保亭红毛丹文化节暨红火丰收季上举办的红火露营活动。海南日报全媒体记者 王程龙 摄 保亭三道镇种植的榴莲。海南日报全媒体记者 王程龙 摄 保亭三道镇红毛丹种植基地，技术员观察红毛丹的长势。海南日报全媒体记者 王程龙 摄 海南日报全媒体记者 余佳琪 1948年2月，琼崖纵队挺进保亭，解放保亭全境，同年4月成立保亭县民主政府;1949年7月，保亭县民主 政府改为人民政府，崭新的发展篇章徐徐展开。 七十余载时光流转，从解放初期百废待兴的起点出发，保亭黎族苗族自治县历经岁月淬炼，如今城乡风 貌焕然一新，鳞次栉比的楼宇与民族风情建筑相映成趣;社会经济蓬勃发展，产业繁荣、民生殷实，曾经的荒 芜之地已然蝶变为安居乐业的幸福家园。 借雨林织绿网，铺就低碳康养路 路转青山合，峰回白日曛。沿着环热带雨林国家公园旅游公路保亭段一路向前，连绵不绝的雨林绿境尽 收眼底。沿途风光醉人、呼吸畅快。 地处海南岛中南部的保亭，森林覆盖率达84.87%，空气中负氧离子平均含量在8200个/立方厘米以上， ...

Group 1 - The world's largest high-temperature superconducting energy storage device is under construction in the Cuiheng New District of Zhongshan, which is a key demonstration project of the national R&D plan for high-performance superconducting materials and magnetic energy storage applications [2] - This high-temperature superconducting energy storage technology is crucial for building a new power system in China and achieving the goals of "carbon peak and carbon neutrality" [2] - The project is located next to the 110kV Binhai Substation and consists of key components such as superconducting magnets, low-temperature refrigeration systems, inverters, and monitoring systems, with a maximum output power of no less than 5 megawatts and a storage capacity of no less than 10 megajoules [2] Group 2 - To meet the demand of enterprises and reduce electricity operating costs, Zhongshan Power Supply Bureau collaborated with top domestic teams to tackle challenges in the large-scale application of high-temperature superconducting materials and system integration, resulting in the development of the "high-temperature superconducting energy storage device" [3] - The high-temperature superconducting magnetic energy storage features include lossless operation and rapid response, achieving millisecond-level response times, which is over ten times faster than traditional chemical energy storage [3] - The project is expected to be completed and put into operation in November this year, becoming a "green energy bank" for Zhongshan, playing a significant role in stable electricity operation and emergency support for renewable energy consumption [3]