每经记者｜黄鑫磊 每经编辑｜文多 "过去民企出海多靠低价竞争，现在必须转向'技术+品牌'驱动。"近日，国家发展改革委民营经济发展局在浙江宁波举办民营企业提升国际竞争力培训班， 北京航天驭星科技有限公司国际业务部部长王小健在培训期间谈道，全球化逻辑的核心已从获取市场份额转变为占据价值链高端。 天能控股集团有限公司副总裁李明也表示，民企要牢牢扎根中国市场的深厚土壤，依托国内超大规模市场的优势和完整的产业体系筑牢发展根基。他认为， 民营企业也要敢于放眼世界舞台，精准洞察全球产业变革趋势、市场需求变化和资源配置逻辑，在复杂的国际竞争格局中找准自身的差异化发展定位。 民企正转向"价值导向" 据海关总署数据，今年1—8月份，民营企业进出口16.89万亿元，同比增长7.4%，占进出口总值的57.1%，比去年同期提升2.1个百分点。 当前，我国民营企业全球化步伐进一步加快。但民营企业在拓展海外市场过程中，既面临着全球产业链重构、绿色低碳转型、数字技术革命带来的历史性机 遇，也遭遇了地缘政治摩擦、贸易保护主义、国际合规风险等多重挑战。 面对国际竞争格局的变化，民营企业的全球化逻辑正从"成本导向"转向"价值导向"。 张鸿雁说，作 ...

Core Insights - The 2025 36Kr Industry Future Conference was held in Xiamen, China, focusing on national strategies and industry development in key sectors such as AI, low-altitude economy, advanced manufacturing, new energy, and consumer goods [1] - The conference emphasized the collaboration between government, capital, and industry to address challenges in industrial development [1] Investment Trends - The investment market shows a positive trend with significant growth in both fundraising quantity and scale, achieving double-digit growth [3] - In the first eight months, the number of investment projects increased by 20% year-on-year, while fundraising quantity grew by 1.6% [3] - The platform reported a 10% increase in financing news and new project financing, indicating heightened activity in fundraising and investment [3] Capital Structure - There is a noticeable shift towards state-owned capital, with over 68% of the disclosed fundraising scale of over 800 billion yuan coming from state-owned sources [4] - Non-state capital accounts for less than one-third of the total fundraising [4] - The role of industrial capital, including state-backed and large enterprise capital, is becoming increasingly significant in the investment landscape [4] Investment Focus - Investment directions are increasingly centered on "self-controllable" and "technology-driven" initiatives, with a focus on hard technology [4] - Key metrics for investment discussions have shifted from business models to technical parameters, patent status, and team backgrounds [4] Hot Investment Sectors - AI is transitioning from conceptual discussions to practical applications, with capital flowing towards companies that demonstrate real-world value [5] - Embodied intelligence, represented by robotics, is gaining traction, with significant investment in core components and development firms [5] - The low-altitude economy is rapidly developing, with many companies obtaining airworthiness certificates, indicating potential for future growth [5] - New energy and new materials are viewed as foundational for future technological innovations, despite a decrease in media attention [6] - The biopharmaceutical sector is experiencing a revolution in research efficiency through AI integration, significantly reducing drug development timelines [6] Industry Dynamics - The narrative in the industry is shifting from business models to a focus on technical granularity, emphasizing long-term technological value [7] - The competitive landscape is evolving from a "jungle law" approach to one of "ecological collaboration," where companies must engage with national teams and industry partners [7] - The mindset of industry participants is becoming more rational and pragmatic, moving away from high-frequency financing and inflated valuations towards sustainable growth models [7]

Group 1 - The Shanghai Composite Index reached a new high, approaching 3800 points, raising questions among investors about the sustainability of the current market trend [1] - Lin Yuan, chairman of Lin Yuan Investment, emphasizes the importance of value-oriented stock selection, assessing whether a company's intrinsic value aligns with its stock price [1] - Lin Yuan advises investors to be cautious of speculative concepts and hot stocks, highlighting that such risks are not unique to the current market but are a long-term phenomenon in global markets [1] Group 2 - The formation of a MACD golden cross signal indicates positive momentum for certain stocks [2]