Core Viewpoint - The industrial e-commerce sector is experiencing a divergence in revenue and profit trends, with total revenue for seven listed companies declining by 19% year-on-year, while net profit increased by 40.13% in Q1 2025, indicating a shift towards profitability despite revenue challenges [1][3]. Revenue Summary - Total revenue for the seven listed industrial e-commerce companies reached 31.792 billion yuan, a 19% decrease year-on-year [1]. - Guolian Co. reported revenue of 11.019 billion yuan, down 19.11% year-on-year [2]. - Focus Technology achieved revenue of 441 million yuan, up 15.4% year-on-year [2]. - Shanghai Steel Union's revenue was 15.273 billion yuan, a decline of 12.93% year-on-year [1][2]. - Energetic Technology reported revenue of 2.877 billion yuan, down 5.38% year-on-year [1]. - Wangsheng Business Treasure's revenue surged to 162 million yuan, marking a 98.05% increase year-on-year [1]. - Zhuo Chuang Information's revenue was 79.51 million yuan, up 5.3% year-on-year [1]. Profit Summary - The net profit for the seven companies collectively increased by 40.13% year-on-year, highlighting a significant profit growth despite revenue declines [3]. - Guolian Co. reported a net profit of 270 million yuan, down 13.80% year-on-year [2]. - Focus Technology's net profit was 112 million yuan, up 45.94% year-on-year [2]. - Shanghai Steel Union achieved a net profit of 51.8732 million yuan, an increase of 5.53% year-on-year [2]. - Energetic Technology's net profit surged by 287.20% to 216 million yuan [2]. - Wangsheng Business Treasure's net profit was 1.6 million yuan, down 33.15% year-on-year [2]. - Zhuo Chuang Information reported a net profit of 18.59 million yuan, down 25.1% year-on-year [2]. Industry Trends - The revenue decline and profit growth indicate a structural differentiation within the industrial e-commerce sector, with traditional information matching models facing growth bottlenecks [2]. - The resilience of cross-border B2B e-commerce, as demonstrated by Focus Technology's growth, contrasts with the cyclical adjustments in the bulk commodity markets affecting companies like Guolian Co. and Shanghai Steel Union [2]. - The shift towards value-oriented growth through enhanced service capabilities, such as supply chain and data services, is becoming crucial for companies to navigate market fluctuations [2][3]. - The overall trend suggests a transition from scale competition to efficiency competition, with companies focusing on product structure optimization and operational efficiency to maintain profitability [3].

文 | 刘丽丽 今年，宁德时代的年终奖引起了较大争议。自称宁德时代离职员工的网友表示，公司已经连续3年没有 普调并且持续缩减了年终奖。 "今年绩效B拿到的钱，跟去年绩效B-拿到的差不多"，多位自称宁德时代员工的网友在网络社交平台比 较年终奖数额，也有人称今年的年终奖为"微量年终奖"。一位自称宁德时代校招入职，绩效是B-的8级 员工表示，今年的奖金只有去年的一半。 有分析人士表示，宁德时代今年的年终奖基数，是按照员工去年晋升前的工资基数来计算的，也就是说 晋升是2025年1月1日生效的，这一轮的年终奖基数是按照2024年12月31日时候的职级基数来裁定。 "站在员工的视角，相当于把晋升的激励好处延迟了一年才能享受到。但站在公司的视角，会认为年终 奖是对于去年工作的肯定，要按去年的职级基数给发钱"，上述人士指出，宁德时代的年终奖发放原则 是年前先发1个月的，让大家图个过年的喜气，剩余的年后4月底发，系数月份全部包含了年前拿到的部 分。 宁德时代在4月底发放了2024年年终奖，但在网络社交平台上，关于"年终奖缩水"的话题受到广泛关 注，多位自称宁德时代员工的网友表示，"今年的年终奖，比去年少。" 针对网上热议的年终 ...

好的一面是，在营收承压的情况下，多家车企在一季度实现了利润增长或减亏，如上汽集团（600104）、长安汽车（000625）、赛力斯（601127）均实 现利润增长。这背后，是这几家车企调整销售结构、推动高端化产品发展进而推进利润率提升的结果。 | 营收排名 | 车企 | 营收(亿元) | 同比 | 归母净利润 | 同席 | 李度常量 | 同比 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (亿元) | | (万辆) | | | 1 | 比亚迪 | 1703.6 | 36.4% | 91.6 | 100.4% | 100 | 59.8% | | 2 | 上汽集团 | 1408.6 | -1.6% | 30.2 | 11.4% | 94.5 | 13.3% | | 3 | 长城汽车 | 400.2 | -6.6% | 17.5 | -45.6% | 25.7 | -6.7% | | 4 | 长安汽车 | 341.6 | -7.7% | 13.6 | 16.8% | 70.5 | 1.9% | | 5 | 广汽集团 | 196.5 | - ...