灵动的彩带如流云般舒展在巨轮船身， 朱红、青蓝、鎏金交织成诗意画卷， 敦煌飞天元素 在船体表面流畅呈现， 记者今天（2月28日）从上海外高桥有限公司了解到，截至目前，第二艘国产大型邮轮项目已完成94%，建造进度达92%，较计划提前，预计于3月中旬迎 来出坞关键节点。 船体彩绘的设计灵感源于敦煌壁画，全船贯穿飞天彩带和天女散花的图案，兼具艺术美感与文化内涵。彩绘作业覆盖干舷、水线及直船底等区域，总面积 超过33502平方米。施工面临多重挑战，比如涂层体系复杂、环境敏感性高、彩绘线条繁复曲折、施工精度控制难度大等，团队采用数字孪生+三维建模 +激光投影的精密技术，实现毫米级彩绘效果，且经过三次放样：先将二维图形还原到三维建模中，再通过激光投影投射到船体外板，最后把曲线1:1复刻 到纸上，借助编码系统贴合完成。 第二艘国产大型邮轮爱达·花城号"定妆" 新民晚报记者 陈梦泽 摄（下同） 现场工程人员介绍，定妆"粉底"也大为讲究：根据船体不同区域的功能性差异，选用不同品种的油漆：水下区域侧重防海生物附着、防腐并提升航速；水 线干湿交替区域防护要求更高，油漆品种特殊；干舷区域兼顾美观、耐候性和抗紫外线能力。相较于第一艘国 ...

齐普策在访华期间表示，当前全球经济格局深刻变革，全球性挑战交织叠加，合作是应对变局、开 创未来的必由之路。他认为，德国总理此次访华传递出持续对话、深化合作的鲜明信号，也为宝马与中 国伙伴挖掘合作潜力、拓展合作空间奠定了坚实基础。"国际环境越复杂，越需要各国敞开胸怀、摒弃 偏见，加强沟通互信，共同维护世界和平与稳定。" 资料显示，宝马集团进入中国市场已逾30年，始终坚持长期主义，2010年以来在沈阳生产基地累计 投资超1200亿元，将其打造为全球领先的智能制造与创新中心，通过AI等数字化技术提升生产效率与 2月25日，宝马集团董事长齐普策随德国总理默茨一同访华。此次默茨总理携企业家代表团访华， 对于锚定德中全方位战略伙伴关系发展方向、推动两国各领域务实合作具有重要意义，而齐普策的随行 及宝马集团的相关合作举措，进一步彰显了其深耕中国市场、深化中德汽车产业合作的坚定决心。 访问期间，宝马集团与宁德时代新能源科技股份公司在京正式签署合作谅解备忘录，双方将聚焦动 力电池供应链协同降碳，通过系统性举措降低电动汽车整车碳足迹，此举标志着双方在可持续发展与科 技创新领域的合作提升至全新水平。作为长期合作伙伴，宝马与宁德时代 ...

1月14日，北京市中小学校园餐专项整治工作推进现场会在平谷召开，会议聚焦北京"一校一案"推进校 园餐改革，提出2027年底实现北京中小学校内食堂全覆盖的核心目标。与会人员参观了平谷中学智慧食 堂，全面了解从"田园"到"餐桌"整体食安过程管控和全链条溯源闭环管理。正元智慧依托成熟的智慧食 堂解决方案，深度契合北京校园餐改革要求，助力平谷中学打造智慧食堂标杆，提供食材集采溯源、后 厨智能监管、餐线高效运营等全流程技术支撑，以满足校园餐"源头可控、过程可溯、监管有力"的要 求。 依托核心数字化技术，正元智慧（300645.SZ）在"公务餐"改革、"校园餐"监管等领域持续深耕、专业 赋能，多项实践成果获得多项认可。 从政务服务提质到校园服务守护，正元智慧以数字化技术为笔，深耕多场景实践，用专业实力践行企业 责任，持续输出可复制、可推广的技术方案与实践经验，助力高质量发展。 1月22日，《2026年浙江省政府工作报告》正式发布，其中提及"严格落实党政机关习惯过紧日子要求， 全面推行'公务餐'改革，进一步压减'三公'经费和非刚性、非重点项目支出，把有限的财政资金更多用 于促发展、惠民生"。正元智慧是国内"公务餐"改革的技 ...

Core Viewpoint - Mercedes-Benz is focusing on long-term investment and local integration in China, aiming to enhance competitiveness rather than short-term sales battles [2][7]. Financial Performance - For the fiscal year 2025, Mercedes-Benz's revenue is projected to reach €132.2 billion (approximately ¥1.084 trillion), with an adjusted EBIT of €8.2 billion (approximately ¥67.236 billion), reflecting a 40% year-on-year decline [3]. - The free cash flow from industrial operations is expected to be €5.4 billion (approximately ¥44.28 billion) in 2025, increasing to €9.2 billion (approximately ¥75.44 billion) in 2024 [3]. Investment and R&D - Capital expenditures and R&D investments are set to peak in fiscal year 2025, with R&D costs at approximately €6.055 billion (approximately ¥49.65 billion), a year-on-year increase of 8.5% [4]. - Capitalized development costs are projected at €2.394 billion (approximately ¥19.63 billion), up 19.4%, while fixed asset investments will reach approximately €5.482 billion (approximately ¥44.95 billion), a 35.7% increase [4]. Market Strategy in China - China remains a core market for Mercedes-Benz, with a focus on optimizing the value chain and improving local profitability [7][8]. - The company plans to launch over 15 new and updated models in China in 2026, marking the most intensive product rollout in its history [9]. Sales and Profitability - In 2025, Mercedes-Benz's global sales are expected to be 2.16 million units, a 10% year-on-year decline, with approximately 575,000 units sold in China, down about 19% [5][6]. - The adjusted EBIT for the passenger car segment is projected to be €4.8 billion (approximately ¥39.36 billion) in 2025, with a sales profit margin of 5.0% [6][7]. Technological Advancements - Mercedes-Benz is enhancing its local technology collaborations, including the development of an advanced driver assistance system in partnership with Momenta [8][10]. - The company aims to integrate AI and advanced digital systems across its product lineup, with nearly all models expected to feature AI smart cabins and leading driver assistance systems within the next 12 to 18 months [10].

Core Viewpoint - Mercedes-Benz is focusing on long-term investment and local integration in China, aiming to enhance its competitiveness rather than engaging in short-term sales battles. The company plans to make China a core market for its high-end luxury and new energy vehicles [1][7]. Financial Performance - For the fiscal year 2025, Mercedes-Benz expects revenues of €132.2 billion (approximately ¥1.084 trillion), with an adjusted EBIT of €8.2 billion (approximately ¥67.236 billion), reflecting a 40% year-on-year decline. Free cash flow from industrial operations is projected at €5.4 billion (approximately ¥44.28 billion) [2]. - The company anticipates that high-end luxury vehicles will account for 15% of total passenger car sales in 2025, driven by growth in this segment and strict cost control [2]. Capital Expenditure and R&D - Capital expenditures and R&D investments are expected to peak in fiscal year 2025, with R&D costs around €6.055 billion (approximately ¥49.65 billion), an 8.5% increase year-on-year. Capitalized development costs are projected at €2.394 billion (approximately ¥19.63 billion), up 19.4% [3]. - Fixed asset investments are expected to reach approximately €5.482 billion (approximately ¥44.95 billion), a 35.7% increase [3]. Sales and Market Performance - Global sales for Mercedes-Benz in 2025 are projected at 2.16 million units, a 10% decline year-on-year, with approximately 575,000 units sold in China, reflecting a 19% drop [4]. - Despite the decline in sales, high-end luxury vehicle sales are becoming a significant contributor to cash flow, accounting for 15% of total sales [4]. Business Segments - The adjusted EBIT for the passenger car business in fiscal year 2025 is expected to be €4.8 billion (approximately ¥39.36 billion), with a sales profit margin of 5.0% [4][7]. - The light commercial vehicle segment maintained a double-digit profit margin of 10.2% in 2025, despite a decline in adjusted EBIT to €1.75 billion (approximately ¥14.35 billion) [5]. Strategic Focus in China - Mercedes-Benz emphasizes the importance of local market integration and technology collaboration in China, with plans to launch over 15 new and updated models in 2026 [8][9]. - The company has invested over ¥100 billion in China over the past decade, establishing a strong R&D presence with centers in Beijing and Shanghai [9][10]. Production and Supply Chain - Beijing Benz is the largest production base for Mercedes-Benz globally, with cumulative production exceeding 6 million units by January 2026. The local product lineup will expand from 14 to 20 models by 2027, covering both fuel and electric vehicles [10].

宏观经济分析报告 "反内卷"与新质生产力发展并进 ――2026 年 1 月物价数据点评 展望来看，（1）生猪供给仍较充足，猪价或延续低位震荡；春节前鲜菜 价格或再度上涨。（2）油价对 CPI 同环比将转为上拉；（3）春节因素或 带动核心通胀同环比涨幅扩大。综上预计 2026 年 2 月 CPI 同环比涨幅均 扩大。 PPI："反内卷"与新质生产力发展并进 2026 年 1 月 PPI 同比降幅收窄，环比涨幅扩大。国际定价商品中，输入 性因素继续拖累国内石油相关行业价格；受铜矿供应持续紧缺、AI 投资 扩张等因素影响，有色金属产业链价格继续上行。国内定价商品中，（1） 上游原材料中，"反内卷"持续显效，基础化学原料制造、黑色金属加工 价格由降转涨，煤炭产业链则暂时降温。（2）中游制造业中，除"反内 卷"带动锂离子电池、光伏设备制造等价格由降转涨外，人工智能等数 字化技术加快发展、算力需求增长带动电子设备制造业价格环比上涨。 （3）下游消费品制造业中，春节提振效应明显，礼品和食品等备货需求 增加带动工艺品制造、农副食品加工价格上涨。 展望来看，2 月输入型通胀或有升温；国内定价商品价格的积极因素仍然 是两大方向， ...

Core Viewpoint - The article discusses the recent trends in China's Consumer Price Index (CPI) and Producer Price Index (PPI), highlighting a decline in CPI and an improvement in PPI due to various factors including seasonal effects and policy implementations [3][5]. CPI Analysis - In January, the CPI increased by 0.2% month-on-month and year-on-year, with a notable decrease of 0.6 percentage points compared to December [3][5]. - The decline in CPI is attributed to the high base effect from the previous year's Spring Festival and a significant drop in energy prices, which fell by 5.0%, contributing approximately 0.34 percentage points to the CPI decrease [5][7]. - Core CPI, excluding food and energy, rose by 0.8% year-on-year and 0.3% month-on-month, marking the highest increase in six months, indicating a steady recovery in consumer demand [5][7]. PPI Analysis - The PPI rose by 0.4% month-on-month in January, marking the fourth consecutive month of increase, with the growth rate expanding by 0.2 percentage points from the previous month [7][8]. - Key factors driving PPI growth include the ongoing construction of a unified national market and increased demand in certain industries, leading to price increases in sectors such as photovoltaic, power batteries, cement, and steel [7][8]. - Specific price changes include a 0.1% increase in cement and lithium-ion battery manufacturing, a 1.9% increase in photovoltaic equipment manufacturing, and a 0.5% increase in computer and communication equipment manufacturing due to rising demand for digital technologies [7][8]. Future Price Trends - The National Bureau of Statistics indicates that favorable factors for moderate price recovery are accumulating, with expectations for expanded consumer demand supported by fiscal and financial policies [8]. - The emphasis on industry self-discipline and capacity management is expected to continue, contributing to price stabilization and recovery [8].

Group 1: Consumer Price Index (CPI) - In January, the CPI increased by 0.2% month-on-month and year-on-year, reflecting a decrease of 0.6 percentage points compared to December [1] - The decline in CPI is attributed to the Spring Festival timing and a significant drop in energy prices, which decreased by 5.0%, impacting CPI by approximately 0.34 percentage points [3] - Core CPI, excluding food and energy, rose by 0.8% year-on-year and 0.3% month-on-month, marking the highest increase in six months, indicating a steady recovery in consumer demand [3] Group 2: Producer Price Index (PPI) - The PPI rose by 0.4% month-on-month in January, marking the fourth consecutive month of increase, with an expansion of 0.2 percentage points from the previous month [5] - Factors contributing to the PPI increase include the ongoing construction of a unified national market and rising demand in certain industries [5] - Prices in sectors such as photovoltaic, battery, cement, and steel have shown positive improvements due to the "anti-involution" policies implemented last year [5] Group 3: Industry-Specific Price Changes - In January, prices for cement manufacturing and lithium-ion battery manufacturing increased by 0.1%, continuing a four-month upward trend [5] - The price of photovoltaic equipment and components shifted from a 0.2% decrease to a 1.9% increase, while basic chemical raw materials saw a 0.7% increase [5] - The prices of non-ferrous metal mining and smelting industries rose significantly, with silver smelting prices increasing by 38.2% and copper smelting by 8.4% [6] Group 4: Future Price Trends - The National Bureau of Statistics indicates that favorable factors for moderate price recovery are accumulating, supported by policies aimed at boosting consumption and stabilizing market expectations [6] - The implementation of coordinated fiscal and financial policies is expected to gradually expand consumer demand, providing a foundation for stable price operations [6] - Emphasis on industry self-regulation and capacity management is anticipated to further enhance price recovery in key sectors [6]

近日，上海外高桥的海通汽车滚装码头上，作业繁忙。名爵、长安、奇瑞……一辆辆汽车正驶入汽车滚装船"伟大宇宙（Grand Cosmo）"，很 快这艘船就装载着近千辆中国汽车前往厄瓜多尔的曼塔港。 2025年，这座全国最大的单一汽车滚装码头出口汽车145.7万辆，同比增长15%。以此换算，每昼夜有近4000辆汽车由此出口。事实上，不到 30秒，就有1辆中国制造汽车从这里启程，驶向全球市场。 这一年，上海外贸顶住复杂外部挑战，交出了一份亮眼答卷：上海货物进出口规模达到4.51万亿元，创历史新高。其中，出口大幅增长 10.8%。 党的二十届四中全会审议通过的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出，"推动贸易创新发展。促进外贸提 质增效，加快建设贸易强国""优化升级货物贸易，拓展中间品贸易、绿色贸易"。 图为上海外高桥的海通汽车滚装码头。（受访者供图） 进入"十五五"，海通码头将聚焦绿色化、智能化两大方向，推动港口高质量发展。孙超说，未来，这里不仅将通过完善光伏发电设施的覆盖 率，提高绿电自给率，构建光、风、储能一体化的绿色能源系统，打造"近零碳"码头，还将构建绿色集疏运体系，搭建绿色供应链，完 ...

Group 1 - The core business of the company consists of two main parts: providing customized industry digital solutions for large group enterprises in sectors such as power and military [1] - The company also offers standardized, general software represented by low-code PaaS platforms to industries like manufacturing, empowering users' industrial upgrades through digital technology [1] - Currently, the company has not established a business partnership with Doubao [1]