你看那烟酒店，每天都是几个人在那儿打麻将，心里想，这烟酒店一天也没几个顾客，怎么还能维持得下去呀？ 你别看，这烟酒店能生存，那可都是资源和人脉，平时可能就卖几包烟、几瓶，真正撑起这个店的，是那些不常露面却出手大方的老熟人。 我就认识一个烟酒店老板刘姐，她的店就开在一个居民楼下面，店也不大，30多平，平常看她就是卖饮料、调味副食这些，就说今年国庆吧，那 位在开发区当经理的老陈推门进来，二话不说定了二十箱茅台，说是要给重要客户送礼。 刘姐说除了这种节假日，还有就是固定的餐厅老板，街口那几家饭店的老板，每周一准时准点搬啤酒，一搬就是十几箱，都是多年的老交情了。 一般做烟酒店的，都会有一些资源和人脉，这些藏在日常生意背后的大单子，才是烟酒行这行能稳稳当当开下去的底气。 所以说啊，你看那些烟酒店虽然平时没几个人，但是那几十平的店，也维持着一家人的生计，那肯定是有赚钱的门道的。 *本文由鸿旺酒礼曾姐原创编辑，转载请备注来源！ 烟酒店怎么赚钱 这行靠的是资源变现的真本事，您别看烟酒店里那些酒摆得整整齐齐，那可都是明码标价的广告位——茅台啊五粮液这些品牌方都是要给占位费 的。 更值钱的是烟草证，现在要新办得多难呀。去年斜对门 ...

Core Viewpoint - The United States is reportedly pressuring Ukraine to sign a "China-exclusion clause," explicitly prohibiting Chinese companies from participating in the post-war development of Ukraine's rare earth resources [1][9]. Group 1: U.S. Strategy and Interests - The U.S. sees Ukraine as a strategic resource hub in the context of geopolitical competition, particularly concerning rare earth elements [9][12]. - The U.S. aims to prevent China from gaining access to Ukraine's rare earth resources, which are critical for high-end military and industrial applications [6][11]. - The U.S. has prioritized investment in Ukraine's reconstruction, ensuring that it retains exclusive rights to new investment projects [9][11]. Group 2: Rare Earth Elements Significance - Rare earth elements, often referred to as "industrial vitamins," are essential for various technologies, including smartphones, missiles, and satellites [4][6]. - Although Ukraine's rare earth reserves are not among the top three globally, they contain unique minerals like dysprosium and terbium, which are highly sought after [6][12]. - China currently dominates over 90% of the global rare earth refining and processing capacity, making it a critical player in the supply chain [4][11]. Group 3: Potential Outcomes and Dynamics - Ukraine's need for funding and technology post-war may lead it to reconsider its options, potentially opening doors for Chinese investment despite U.S. pressure [12][13]. - The international political landscape is fluid, and changes in U.S. administration could alter the current stance on Ukraine and China [12][13]. - Ultimately, the health of the global rare earth supply chain may depend on cooperation rather than confrontation, as market dynamics often override political mandates [13].

Investment Rating - The investment rating for the company is "Buy" and it is maintained [10] Core Viewpoints - The company is a leading player in the domestic refractory materials industry, experiencing stable growth despite a challenging market environment. It is currently undergoing significant changes, including accelerated overseas expansion and new product development in high-purity magnesium oxide, which is expected to open new growth avenues [2][5][6] Summary by Relevant Sections Company Overview - The company, established in 1988 and listed in 2008, has shown steady revenue growth over the past decade, with revenue increasing from 2.43 billion yuan in 2013 to 5.47 billion yuan in 2023. Net profit also grew from 122 million yuan to 248 million yuan during the same period [15][17] Overseas Expansion - The company is actively expanding its overseas presence, with 2023 overseas revenue reaching 1.47 billion yuan, accounting for 27% of total revenue. Key markets include Russia, India, Vietnam, South Korea, and the United States. The company has established production facilities in the U.S. and Serbia, with capacities of 25,000 tons and 40,000 tons respectively [6][41][42] Resource Utilization - The company is leveraging its high-quality magnesium ore resources to produce active magnesium oxide, which is in demand for the production of nickel and cobalt. The global cobalt production in 2023 was 230,000 tons, with potential magnesium oxide demand estimated at 230,000 tons [7][8] Domestic Market Dynamics - The domestic refractory materials market is highly fragmented, with the company holding approximately 3% market share in 2023. The market is expected to consolidate as larger players gain an advantage through integrated services and cost reduction strategies [9][10] Financial Projections - The company is projected to achieve net profits of 150 million yuan and 320 million yuan in 2024 and 2025, respectively, with corresponding price-to-earnings ratios of 39 and 19 [9][10]