Core Viewpoint - The article discusses the recent move by Jin Jiang Hotels to pursue a secondary listing on the Hong Kong Stock Exchange amid declining financial performance despite aggressive expansion efforts. The company faces challenges in converting its extensive hotel network into sustainable profits and revitalizing its overseas assets, which have been underperforming [2][4][10]. Group 1: Company Overview - Jin Jiang Hotels is the largest hotel group globally, with a presence in 13416 operating hotels and over 1.29 million rooms, ranking second worldwide [8]. - The company has been expanding rapidly, opening 1515 new hotels last year and 97 in the first quarter of this year, bringing the total to 13513 hotels [9]. - Despite the growth in scale, Jin Jiang Hotels has experienced a decline in revenue and net profit, with 2024 revenue at 14.06 billion RMB, down 4% year-on-year, and net profit down 9.06% to 911 million RMB [10][11]. Group 2: Market Challenges - The hotel industry in China is facing oversupply, with over 370,000 hotels and a net increase of nearly 30,000 hotels, leading to intense competition and price wars [13]. - Key performance indicators for Jin Jiang Hotels have declined, with RevPAR at 157.47 RMB (down 5.78%), ADR at 240.67 RMB (down 11.19 RMB), and occupancy rate at 65.43% [13][14]. - The company plans to continue its expansion strategy, targeting lower-tier cities and aiming to open an additional 1300 hotels this year [15]. Group 3: International Expansion and Financial Performance - Jin Jiang Hotels has been expanding internationally since acquiring the Louvre Hotels Group in 2015, with overseas revenue contributing 42.56 billion RMB (30.8% of total revenue) in 2024 [16]. - The overseas hotel business has a higher gross margin of 41.9% compared to 36.9% for domestic operations, indicating better profitability potential [16]. - However, the overseas operations have faced losses, with the Louvre Group reporting a net loss of 10.79 million euros despite expectations from the Paris Olympics [17][19]. Group 4: Future Outlook - The company aims to use the funds raised from the Hong Kong IPO to strengthen and expand its overseas business, repay bank loans, and supplement working capital [22]. - There are concerns about the sustainability of Jin Jiang's overseas strategy, as it must prove that its expansion can lead to self-sustaining profitability rather than relying on external funding [23].

扫码加我本人微信 MCU 市场的 " 内卷 " 程度再次刷新底线。曾经还能卖到三四毛、两三毛的 8 位 MCU 芯片，如 今几分钱的多如牛毛， 32 位 MCU的价格战 更是打到几毛钱。国产 MCU ，这个曾经依靠性价 比打开局面的市场，如今陷入上百家厂商混战的惨烈格局，价格不断被击穿。 终端客户的态度开始改变：不仅频繁比价成为常态，哪怕已经选用某款国产 MCU ，也随时可能 转向价格更低的替代产品。有芯片分销商无奈表示，" 以前客户用SOP- 8封装的通用MCU，现 在为了降本， 要求换成更紧凑的SOT23-8封装MCU，客户的降本节奏也在加快。 " 来源：社交媒体 阅读本文，你将了解： MCU 市场内卷有什么变化，都在卷什么？ 市场需求何时回暖？ 我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关 于资源链接等， 我会分享在朋友圈 。 01 MCU 内卷变化：降本压价，国产替代国产成普遍 内卷的早期，国产 MCU 厂商多用"以价换量"策略主动掀起价格战，抢占市场份额。而如今，在 价格战的基础上， 终端客户出于自身降本压力，反过来推动价格不断下探 ，导致 ...

Core Viewpoint - The news discusses the emergence of a new extended version of the Wanjie M9 SUV, tentatively named Wanjie M9L, which is expected to offer enhanced space and features compared to the existing model, potentially targeting the high-end market segment [1][3][4]. Group 1: Product Features and Specifications - The Wanjie M9L is expected to have a length exceeding 5.4 meters, providing significant space enhancements over the current Wanjie M9, which is already over 5.2 meters long [3][4]. - The additional space may allow for advanced features such as third-row luxury seating and onboard refrigerators, enhancing the overall user experience [3][4]. - The pricing for the Wanjie M9L is anticipated to be between 550,000 to 650,000 yuan, with a possibility of reaching 700,000 yuan [4]. Group 2: Market Position and Demand - The Wanjie M9 has been a strong performer in the luxury SUV market, leading sales for 11 consecutive months in the 500,000 yuan and above segment, with over 36,000 pre-orders within 21 days of the 2025 model's launch [4][5]. - The introduction of the Wanjie M9L is seen as a response to diverse market demands, aiming to cater to family users and business professionals seeking more spacious vehicles [7][8]. - However, the market may not require the Wanjie M9L as urgently, given the existing strong sales of the standard M9 and other models like the M7 and M8 [8][9]. Group 3: Competitive Landscape - The automotive market is witnessing a trend of extended flagship SUVs, with competitors like BYD and Land Rover also launching similar models, indicating a growing segment for larger vehicles [12][14]. - The Wanjie M9L's success may be challenged by high pricing, which could deter some consumers, as well as the limited number of buyers willing to pay for enhanced third-row experiences [9][16]. - The company is strategically focusing on the high-end market while maintaining a diverse product lineup to avoid internal competition among its models [16][17].

以下文章来源于MedTrend医趋势 ，作者更多精彩资讯 MedTrend医趋势 . 关注我们，带你洞见医疗的未来！MedTrend医趋势——专注于医疗医药、生命科学、医院领域，为您 提供及时、实用的热点资讯、市场概况、行业趋势等精彩内容，旨在建设全面、周到、专业的信息分享 与交流平台。 作者 | MedTrend医趋势 来源 | MedTrend医趋势 导语 ：没有任何一个赛道能逃过中国的内卷。 默沙东应该急了。 4月24日，默沙东公布2025 Q1业绩，总体营收小幅下锉，主要原因是两大支柱产品全球药王K药和 HPV疫苗佳达修（Gardasil/Gardasil 9）都未及销售预期。 另外两个数字则惨烈得多——佳达修Q1销售额仅为13.27亿美元，同比大幅下滑41%；其中，默沙 东中国区收入同比下滑62%至6.68亿美元，在默沙东全球的业务份额降至不足5%，跌幅远超公司平 均水平。 | | 2025 | | | 2024 | | | % Change | | --- | --- | --- | --- | --- | --- | --- | --- | | | 10 | 10 | 20 | 3Q | 40 ...

马太效应的持续加强下，锂电各细分领域中后端企业正面临淘汰出局的危机。动力市场如此，储能市场更是如此。 动力端，截至今年11月，国内装机量前四的企业市占率高达81%，剩下不到20%的市场需"分食"给其他50家企业，生存空间被持续压缩。 而将三元和磷酸铁锂电池装机量分开来看的话，市场高度集中的情况更加明显。1-11月，三元电池装机量前4企业市场份额达到89%以上，磷酸 铁锂电池装机量前4企业市场份额达到81.6%。 储能端，从蓝海到红海不过3年时间，储能系统及电芯环节的集中度也在提高。尤其在电芯端，1-9月数据显示，全球储能电芯出货量前10企业 市占率达到99.3%，前4企业市占率超过70%。 反应到企业端，企查查数据显示，近1年时间内，超过3500家储能企业因各种原因（如注销、吊销、撤销、清算、停业、歇业、除名、责令关 闭等）变更为异常状态。 很明显，不具备竞争力的"产能"正在加速出清。近两年，陆续有企业退场，不乏昔日龙头企业。 比如在2023年，松下蓄电池（沈阳）工厂全面停产；捷威动力宣布停工停产；以及多家企业宣布终止锂电相关项目等。而2024年，锂电行业的 内卷情况更为严峻。 据多家业内人士向起点锂电透露， ...

以下文章来源于凤凰网财经 ，作者凤凰网财经 凤凰网财经 . 你好，我们是凤凰网财经，全球华人都在看的财经公众号，传播最有价值的财经报道，你值得关注！欢 迎访问：http://finance.ifeng.com/ 中国汽车受到热捧。 作者 | 凤凰网财经 来源 | 凤凰网财经 （ID：finance_ifeng） 越来越多的汽车经销商开始在海外不断寻求新的市场机会，从俄罗斯到中东，他们靠贸 易赚取早期市场爆发时的高额利润。而如今他们又瞄准了非洲，津巴布韦、埃塞俄比 亚、加纳等这些或许在许多人心中仍显陌生的国度，正成为汽车经销商们新的逐梦之 地。 而非洲这片常被外界以"贫穷"的标签所笼统概括的土地，却也蕴藏着惊人的财富与潜 力。当我们将目光聚焦于汽车市场，一个令人惊讶的现象正悄然上演：售价高达四十多 万人民币的中国汽车，也正在受到当地"土豪"们的热捧。 售价是国内的两倍还要多 2 0 24年7月2 5日，阳光穿透哈拉雷蔚蓝的天空，洒在了一座崭新而现代感十足的建筑物 上——这是彭贤在津巴布韦首都哈拉雷创业半年后正式启用的新办公室，占地整整3 0 0 0 平方米，里面还配备了游泳池。 这一现象并不难理解，非洲的中低收 ...