新华社北京9月14日电 通讯｜感受服务贸易的数字化创新潮流 新华社记者周思雨 于荣 施洋 据工作人员介绍，"幂方卡"集"支付+通信+交通"于一体，插入手机即可获得通话、上网、数字人民币支 付以及北京城市公共交通乘车等功能。"来华通"App则覆盖地图导航、实时翻译、智能订餐、票务预 订、酒店预订等诸多功能，为来华人员提供一站式服务指引。 当前，中国服务贸易发展进入高质量发展新阶段。数字化正成为推动服务贸易发展的新动力。 随着服务贸易成为全球经济和贸易增长的新引擎，中国正以数字技术驱动创新，以开放合作共享发展机 遇，不断为全球经济繁荣发展注入动力。 全球首款3D打印高分子抗疲劳可吸收血管支架、全球首个8K级超高清第二现场分发平台、国内首款突 破千比特规模的专业光量子计算机……一批新兴技术和服务解决方案在本届服贸会首发亮相，让"数智 领航，服贸焕新"的主题更加生动清晰。 "中国在数字创新方面堪称全球引领者。在获取数字技术方面，也堪称佼佼者。"在服务贸易发展论坛 上，世界银行中国局首席经济学家米丽莎表示，中国的服务业增加值在过去15年中显著提升，成为重要 的经济增长引擎。 如何让外国游客免去办电话卡、下App、绑定银 ...

Core Viewpoint - The stock of Aili Home (603221) experienced a significant drop of 9.97% on August 19, following a four-day surge of limit-up trading, indicating volatility and investor uncertainty in the market [1] Group 1: Stock Performance - On August 19, Aili Home opened slightly higher but quickly fell, reaching a closing price of 15.17 yuan with a trading volume exceeding 420,000 hands and a transaction value of 673 million yuan [1] - The stock had previously recorded limit-up trading for four consecutive days from August 13 to August 18 [1] Group 2: Company Announcements - Aili Home stated that its daily operations are normal and there are no undisclosed significant matters affecting stock price fluctuations [1] - The company confirmed that neither it nor its major shareholders have undisclosed significant information that could impact stock trading [1] Group 3: Shareholder Actions - On August 8, Aili Home announced plans for certain executives to reduce their holdings by a total of up to 264,900 shares, representing 0.108% of the total share capital [3] Group 4: Company Background - Established in November 1999, Aili Home is one of the earliest companies in China to produce PVC flooring, launching a revolutionary product, the floating floor, in 2007 [4] - The company transitioned to a joint-stock system in November 2017, with revenue exceeding 1 billion yuan that year [4] - Aili Home was listed on the Shanghai Stock Exchange in March 2020, becoming the first stock in the PVC elastic flooring industry [4] Group 5: Financial Performance - Aili Home's revenue for 2022, 2023, and 2024 is projected to be 799 million yuan, 1.176 billion yuan, and 1.309 billion yuan, respectively, with net profits of -35.64 million yuan, 77.89 million yuan, and 138 million yuan [6] - The company anticipates significant profit growth in 2024 due to increased business volume, higher main business income, favorable exchange rates, and low raw material prices [8] Group 6: Future Outlook - For the first half of 2025, Aili Home expects net profits to range from 24.6 million to 29.2 million yuan, representing a year-on-year decrease of 59.61% to 65.98% [8] - The decline in performance is attributed to changes in international trade environments, rising costs, and underutilization of overseas factories [8] - Aili Home plans to enhance production capacity in its U.S. and Mexican factories and expand into European and Latin American markets to support sustainable growth [8]

格隆汇8月7日丨容知日新(688768.SH)公布2025年半年度报告，报告期实现营业收入2.56亿元，同比增长 16.55%；归属于上市公司股东的净利润1423.55万元，同比增长2,063.42%；归属于上市公司股东的扣除 非经常性损益的净利润1323.72万元，同比增长3,091.44%；基本每股收益0.16元。主要系下游各行业推 动数字化、智能化转型升级，客户需求增加，带动公司销售收入实现增长；公司持续加强组织能力建 设，提高运营管理效率，毛利率和整体盈利能力进一步提升，带动公司净利润大幅增长。 ...

智通财经APP讯，容知日新(688768.SH)披露2025年半年度报告，报告期实现营收2.56亿元，同比增长 16.55%;归母净利润1424万元，同比增长2063.42%;扣非净利润1324万元，同比增长3091.44%;基本每股 收益0.16元。 报告期内公司利润总额、归属于上市公司股东的净利润、归属于上市公司股东的扣除非经常性损益的净 利润较去年实现较大增幅，基本每股收益、稀释每股收益、扣除非经常性损益后的基本每股收益均同比 上升，上述指标变动主要系下游各行业推动数字化、智能化转型升级，客户需求增加，带动公司销售收 入实现增长;公司持续加强组织能力建设，提高运营管理效率，毛利率和整体盈利能力进一步提升，带 动公司净利润大幅增长。 ...

Performance Forecast - The company expects a performance increase for the reporting period, projecting a revenue of 260 million yuan, which represents an increase of 30.06 million to 40.06 million yuan compared to the same period last year, equating to a year-on-year growth of 13.67% to 18.21% [1] - The net profit is anticipated to be between 13 million to 14 million yuan, reflecting an increase of 12.59 million to 13.59 million yuan compared to the previous year [1] Reasons for Performance Change - The expected growth in the first half of 2025 is primarily attributed to the acceleration of digital and intelligent transformation across various industries, with significant revenue growth in wind power and petrochemical sectors contributing to the overall revenue increase [1] - The company has been enhancing its organizational capabilities and improving operational management efficiency, leading to an increase in gross margin and overall profitability [1]

Core Viewpoint - The article discusses the successful completion of the IPO guidance for Mu Xi Integrated Circuit (Shanghai) Co., Ltd., highlighting its readiness for public listing and its strong governance structure, technology capabilities, and market positioning in the GPU sector [1][2]. Group 1: Company Overview - Mu Xi Integrated was established in September 2020 in Shanghai and has set up subsidiaries and R&D centers in multiple cities including Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, Wuhan, and Changsha [1]. - The company boasts a team with extensive experience in high-performance GPU product development, with core members averaging nearly 20 years of experience in the field [1]. Group 2: Product Offerings - Mu Xi Integrated has developed a full-stack GPU product line, including the Xi Si® N series for intelligent computing inference, the Xi Yun® C series for general computing, and the Xi Cai® G series for graphics rendering, all designed to meet high efficiency and versatility in computing power [2]. - The products utilize fully self-developed GPU IP and possess independent intellectual property rights for their instruction set and architecture, complemented by a complete software stack compatible with mainstream GPU ecosystems [2]. Group 3: Financial and Market Position - The company has undergone significant financing since its inception, with the latest round completed in August 2024, involving state-owned and market enterprise investors [2]. - According to the Hurun Research Institute's 2024 Global Unicorn List, Mu Xi Integrated is valued at 10 billion yuan, positioning it among other notable chip unicorns [2]. Group 4: Ownership Structure - The actual controller of Mu Xi Integrated is Chen Weiliang, who directly holds approximately 9.6% of the company's shares and has indirect control over an additional 39.38% through various partnerships [3].

Group 1: Domestic Market Strategy - The company continuously optimizes its sales network and service system to enhance marketing capabilities, focusing on five key initiatives: "promote quality products, strengthen channels, enhance collaboration, improve efficiency, and control risks" [1] - A differentiated product strategy is implemented, integrating online and offline promotional resources to push high-quality products [1] - The management structure is improved to enhance operational and service efficiency, aiming for product leadership and efficiency enhancement through innovative management [1] Group 2: Overseas Business Development - In 2025, the company will focus on product innovation, emphasizing "large capacity, multi-temperature zones, high energy efficiency, and low noise" to meet global consumer demand [1] - A user-centered comprehensive marketing system will be established to enhance customer cooperation efficiency and meet large customer demands [1] - The company aims to accelerate brand expansion based on its ODM business foundation [1] Group 3: Air Conditioning Market Strategy - The company will leverage AI technology to enhance user experience and differentiate product design, promoting "all-dust-free" and "kitchen-cabinet" product lines [2] - Increased market investment will be made through event marketing and new media to boost brand awareness and reputation [2] - Service capabilities will be strengthened to improve user satisfaction through rapid response [2] Group 4: Innovation and Growth Plans - The company will drive industry development through innovation in technology, products, manufacturing, and management to enhance competitiveness [2] - The 2025 operational plan focuses on resource integration to strengthen market foundations and accelerate development through internal and external collaboration [2] - The company aims for simultaneous growth in scale and profit, ensuring a positive trend in profitable growth [2]

Report Summary 1. Report Industry Investment Rating No information provided in the content. 2. Core Viewpoints - The report focuses on the 2025 business plans and market strategies of Changhong Meiling in the home appliance industry, covering overseas and domestic markets for refrigerators, air conditioners, and washing machines, as well as aspects like innovation capabilities, risk management, and production line construction [22]. 3. Summary by Related Catalogs 3.1. Research Basic Information - The research object is Changhong Meiling, belonging to the home appliance industry. The reception time was on June 4, 2025. The listed company's reception staff included Vice President and Board Secretary Li Xia, and Securities Affairs Manager Lü Ming [17]. 3.2. Detailed Research Institutions | Reception Object | Reception Object Type | Institution - Related Personnel | | --- | --- | --- | | GF Fund | Fund management company | Chen Yingzi, Wang Song, Zhang Yi | | Guolian Fund | Fund management company | Zheng Ling, Liang Qinzhi, Xiang Wei | | Southwest Securities | Securities company | Gong Menghong | [18] 3.3. Research Institution Proportion No information provided in the content. 3.4. Main Content Materials - **2025 Business Plan**: Strive for both scale and profit growth, ensuring a virtuous development trend of profitable scale growth [22]. - **Overseas Refrigerator Business**: Adhere to product - oriented approach, increase R & D on products like "large - volume, multi - temperature zone, high - efficiency, low - noise", improve marketing, strengthen internal and external collaboration, and accelerate brand expansion overseas [22]. - **Overseas Air - Conditioner Business**: Follow the concept of "profitable scale growth, profit growth with cash flow", prioritize the brand, expand base markets, develop regional brand agents, focus on advantageous channels, and improve product quality and customer service [22]. - **Domestic Air - Conditioner Business**: Enhance user experience and differentiated design based on AI technology, create product cards, increase market investment, implement regional strategies, and improve service capabilities [24]. - **Overseas Ice - Wash Business**: Align product layout with global consumption trends, build a product matrix, improve marketing, expand business in existing and emerging markets, and enhance brand competitiveness [24]. - **Innovation Capabilities**: Include four aspects: technological innovation (increase R & D investment), product innovation (create super - products), manufacturing innovation (promote intelligent manufacturing), and management innovation (improve organizational and process efficiency) [25]. - **Exchange Rate Risk Management**: Adopt the principle of exchange - rate risk neutrality, use foreign exchange forward contracts as hedging tools, and match contract terms with predicted sales and回款 [25]. - **Share Repurchase**: Approved a share - repurchase plan on May 8, 2025, with an implementation period of no more than 12 months. Decisions will be made according to market conditions, and progress will be disclosed [25]. - **Overseas Air - Conditioner Production Line Construction**: The project of Zhongshan Changhong to build an annual production capacity of 4 million sets of air - conditioners will meet future overseas sales needs, improve production efficiency, and enhance market competitiveness [26].

Financial Performance - In 2024, the company achieved a revenue of approximately 28.601 billion CNY, a year-on-year increase of 17.32% [1] - The net profit attributable to shareholders was 699 million CNY, a decrease of 4.97% compared to the previous year [1] - The refrigerator business generated approximately 9.296 billion CNY in revenue, growing by about 5.53% [2] - The air conditioning business reported revenue of approximately 15.407 billion CNY, an increase of about 33.20% [3] - The washing machine segment achieved revenue of approximately 1.747 billion CNY, up by about 31.44% [5] - The kitchen and small appliances sector saw revenue of approximately 1.492 billion CNY, a decrease of about 19.34% [5] - The biomedical business generated approximately 264 million CNY, down by about 5.36% [6] Market Strategies Domestic Market - The refrigerator sector focuses on enhancing customer service and product quality, emphasizing a "customer-centric" approach [1][10] - The air conditioning strategy includes promoting new products and enhancing brand influence through event marketing [3][13] - The washing machine strategy aims for high-end product development and channel transformation to increase market share [4][14] Overseas Market - The refrigerator business is expanding by introducing high-end products and targeting emerging markets [2][12] - The air conditioning segment is focused on brand development and expanding into new markets while maintaining quality [3][13] - The biomedical sector is enhancing customer service and expanding into new markets to solidify its overseas presence [6][12] Future Plans - In 2025, the company aims for dual growth in scale and profit, focusing on innovation and digital transformation [9] - The domestic refrigerator strategy will leverage customer needs and optimize channel operations for better profitability [10] - The overseas strategy will emphasize product differentiation and enhancing customer relationships to boost market share [12]