山海：黄金继续走极限大涨，但周二谨防调整回落！ (以上文章由山海原创，转载请注明出处。山海温馨提示，投资有风险，入市需谨慎。以上仅代表山海个人观点，不作操作依据，据此操作风险 自担） 先说结论，黄金继续保持多头趋势看涨，交易依旧是回落做多，但周二谨慎对待多头的延续性，可能会出现上周二类似的修复性大跌。在市场的 作用下，现在黄金走的太恐怖了，连续三周，每周的周一都走出极限的单边大涨，本周一黄金从3880到现在的3976又走了接近100个点，现在高 点距离4000只差一点点了，我们回顾一下上周的表现，上周一走出单边大涨，周二小幅上涨后在美盘出现了大跌，全盘上下有接近80美金的空 间，所以，即使今天是绝对的多头强势，也要注意是否会出现类似的走势，看今晚是否有同样的下跌。从技术面上看，今天的上涨高点也只有一 个4000可看了，上涨不猜顶，没有其他的高点可参考，而下方的支撑要谨慎对待，下方有3930，3900两个关键支撑点，如果亚欧盘不破这两个关 键点可以顺势做多，但如果今天跌破3900，走出上周二的下跌空间，那今晚黄金可能有一波大跌，下方或看3850。因此，今天的交易思路很明 确，趋势之下，肯定是看涨，交易以回落做多 ...

抽成正是网约车和出租车最大的不同，网约车的效率、服务，都是建立在弹性抽成基础上的。这些抱怨背后，是对市场规律的不理 解；不认同市场规律，就会让司机产生愤怒感。 on 2025年8月，滴滴、T3、曹操等多家网约车平台宣布降低抽成比例，最高抽成上限从29%降至27%，旨在保障司机收入并促进行业可持 续发展。 根据中国新就业形态研究中心发布的《城市出行的就业韧性：网约车司机就业图景与职业表现（2025）》调研报告，在六类蓝领岗位 中，网约车司机以7623元的月均收入位列第二，高于外卖和快递。 根据这个报告，一线城市滴滴司机一个月收入能达到11000。前面提到的那个司机，算上折旧成本也差不多。再比如宁波的数据，用纯 电动车跑网约车，一个月纯利润也能在7400多元。 所以，在很多网约车司机觉得这个行业越来越不挣钱的同时，这个收入水平，还会继续吸引更多的人，进入这个行业。 实际情况也是如此，开网约车的人越来越多。广州市交通运输局公布的数据显示，截至2025年3月31日，广州注册网约车驾驶员17.12 万人，日均活跃网约车驾驶员9.45万人。一个月后，注册网约车驾驶员17.70万人，日均活跃网约车驾驶员9.87万人。 降低 ...

Core Viewpoint - The new materials industry is experiencing significant growth, with China's total output value expected to exceed 8 trillion yuan in 2024, maintaining double-digit growth for 14 consecutive years, while facing structural challenges in high-end technology reliance [2][7]. Global Competitive Landscape and China's Positioning - The global new materials industry has formed a stable competitive structure with the US, Japan, and Europe in the first tier, holding absolute advantages in core technologies and market share. China, along with South Korea and Russia, is in the second tier, rapidly catching up but still heavily reliant on imports for high-end polymers and electronic chemicals [4][5]. Investment Drivers in New Materials - The investment logic in the new materials sector is based on a "demand-policy-technology" triangle model, where market demand, supportive policies, and technological breakthroughs interact to determine investment value and timing [10]. Market Demand - The rapid expansion of the new energy vehicle industry is driving diverse demand for new materials, with revenue in structural materials expected to grow by 12.5% year-on-year in 2024 [11]. - The semiconductor and display industries are creating a growing market for high-end electronic chemicals, with significant progress in domestic production of photolithography materials [12]. Policy Support - China has established a comprehensive policy support system for the new materials industry, including financial backing through the Sci-Tech Innovation Board, which has seen 51 new materials companies raise over 43 billion yuan [13]. - The standardization efforts by the Ministry of Industry and Information Technology are crucial for promoting the industrialization of new materials [14]. Technological Breakthroughs - Domestic companies are making significant strides in high-end polymer materials, with breakthroughs in POE and PI production expected to reduce import dependency [16][23]. - Patent layout and intellectual property protection are critical for competitive advantage, with domestic firms strengthening their patent portfolios in key areas [17]. Investment Value in Specific Segments High-End Polymer Materials - High-end polymer materials are characterized by high import dependency, with POE and PI showing import reliance rates of 95% and 85% respectively, presenting clear investment opportunities for domestic production [20]. Carbon Fiber Materials - The carbon fiber sector is transitioning from capacity expansion to quality improvement, with a notable increase in the production of high-end T700/T800 grade products [25]. - The demand for carbon fiber in wind power and aerospace applications is expected to grow, providing investment opportunities in companies that can produce high-performance products [27]. Electronic Chemicals - The electronic chemicals sector is experiencing a "gradient replacement" trend, with varying levels of domestic production across different product categories, highlighting investment opportunities in companies that can meet the growing demand for high-purity materials [28]. Biobased New Materials - The biobased materials market is projected to grow significantly, driven by policy mandates and decreasing production costs, with a focus on biobased BDO and PA showing promising investment potential [35][36]. Superconducting Materials - The superconducting materials market is expected to reach $28 billion in 2024, with investment opportunities centered around high-temperature superconductors and their applications in energy and medical fields [38][39]. Solid-State Batteries - The solid-state battery market is anticipated to grow rapidly, with investment opportunities in electrolyte materials and high-nickel cathodes, as the industry shifts towards higher energy density and safety [40][44].

Core Viewpoint - The concept of "悟道" (enlightenment) in investing emphasizes understanding market dynamics and developing a personal strategy rather than relying on external opinions or luck [3][9]. Group 1: Understanding "悟道" - "悟道" is a process of continuous learning and self-discovery in investing, where one develops a unique perspective and method for profit [3][5][9]. - Achieving "悟道" means recognizing the essence of a market and knowing how to capitalize on it consistently, leading to stable profits rather than erratic gains [9][14]. - The journey of "悟道" involves adapting to changing market conditions and maintaining a calm mindset regardless of market fluctuations [2][8][14]. Group 2: Market Behavior and Personal Growth - Investors often feel enlightened during bull markets but realize their lack of true understanding when faced with bear markets [3][6]. - The ability to remain detached from emotional responses to market movements is a sign of having achieved "悟道" [1][4]. - Continuous improvement and learning from both successes and failures are crucial for developing a robust investment strategy [7][14]. Group 3: Practical Insights - Successful investors often focus on long-term strategies rather than short-term gains, which aligns with the principles of "悟道" [2][8]. - The importance of self-reflection and understanding one's own investment philosophy is highlighted as a key aspect of achieving "悟道" [4][13]. - Recognizing the limitations of one's knowledge and being selective about investment opportunities is part of the "悟道" process [9][12].

Group 1 - The A-share market continues to rise, reaching a high on October 8, 2024, and approaching the 3700-point mark [1] - The securities sector experienced a rebound, partly due to several brokerages reporting strong performance for the first half of the year, which boosted stock prices [4] - The lithium mining sector has seen a significant price drop, with futures opening down over 3%, indicating a potential end to recent news digestion [7] Group 2 - The liquor industry, particularly the leading brand, reported its first single-digit growth in revenue and net profit for the half-year, casting a shadow over upcoming financial reports from other companies in the sector [9] - The liquor sector is facing pressure as it approaches the half-year moving average, suggesting a cautious outlook for future opportunities [10]

Group 1 - The concept of "respect" and "fear" is essential for maintaining discipline and integrity within organizations, emphasizing the need for a balance between internal respect and external constraints [1][2] - Historical and cultural heritage protection is highlighted as an area where respect and fear should guide decision-making, advocating for sustainable development over reckless urban expansion [2] - The misuse of administrative power and market interference by some local authorities is criticized, indicating that a lack of respect for market rules can hinder healthy industry development [2] Group 2 - The importance of having a mindset of caution and strategic thinking is emphasized, suggesting that wisdom and capability come from maintaining a sense of respect and fear in decision-making processes [3]

Group 1 - The phenomenon of American consumers flying to China with empty suitcases to purchase goods reflects the strong appeal of Chinese manufacturing in the global market [1][4] - The U.S. government's imposition of high tariffs, intended to protect domestic industries, has inadvertently led consumers to seek cheaper alternatives in China, resulting in significant price increases for certain products [1][4] - Data from Alipay indicates that spending by American tourists in China has doubled, highlighting the growing trend of "reverse purchasing" [1][3] Group 2 - Popular items among American consumers include electronics, creative goods from Yiwu, trendy clothing from Hangzhou, and smart accessories from Shenzhen, showcasing the diverse offerings of Chinese markets [3] - The perception of "Made in China" has evolved from being associated solely with low prices to encompassing quality, technology, and design, indicating a shift in consumer attitudes [4][8] - The U.S. consumer research institute estimates that the cancellation of the tax exemption for small packages from China could result in a combined loss of $47 billion for businesses and consumers annually [4] Group 3 - China's policies, such as the "buy and refund" Alipay tax refund service, have facilitated foreign tourists' shopping experiences, contrasting with the U.S. government's restrictive measures [6] - The increase in seized "personal use" Chinese goods at Los Angeles airport and the rising popularity of unique Chinese products illustrate the cultural and lifestyle influence of Chinese goods beyond mere transactions [6][8] - The "reverse purchasing" trend driven by tariffs not only highlights price motivations but also reflects the robust vitality and attractiveness of the Chinese market [8]