当中山佳能工厂关闭的消息传来时，无数人感慨「一代人的青春结束了」。这家曾被视为「金饭碗」的工厂，高峰期员工过万，2022 年工业产值近 32 亿 元 (人民币，下同)。如今，随着最高补偿 2.5N+1 的遣散方案落实，有员工晒出 40 万元离职金，宣告了一个时代的终结。 这只是日企在华撤退潮的冰山一角。此前，日产武汉工厂被岚图汽车 7.32 亿元收购，这座投资数十亿、计划年产 30 万辆的工厂，实际年产量不足 1 万 辆，产能利用率仅 3%；三菱汽车终止沈阳引擎合资项目，彻底退出中国汽车制造；索尼 Xperia 手机业务撤离中国，微信公众号注销、网域失效；养乐多 关闭广州首座工厂，日均销量从 282 万瓶暴跌至 149 万瓶。 从打印机到汽车，从饮料到手机，日本企业似乎正经历一场「全面溃败」。昔日「国产车教父」三菱引擎曾占近三成市场份额，佳能中山厂市占率高达 50%，如今却被国产替代浪潮冲刷得节期败退。 十年前，中国民众赴日疯抢智慧马桶的场景已成往事，如今国产智慧马桶全球市占率超 60%；日系车在中国市场份额从 25% 跌至 11.2%；家电三巨头美 的、格力、海尔合计掌控七成市场。 更深刻的改变正在发生：日 ...

格林大华期货研究院 证监许可【2011】1288 号 2025 年 12 月 29 日 星期一 研究员： 于军礼 从业资格： F0247894 交易咨询资格：Z0000112 早盘提示 Morning session notice 更多精彩内容请关注格林大华期货官方微信 联系方式：yujunli@greendh.com | 板块 | 品种 | 多（空） | | | --- | --- | --- | --- | | | | | 【重要资讯】 | | | | | 1、特朗普在圣诞夜下令对尼日利亚实施空袭，标志着美国与这一西非最大经济体 | | | | | 的紧张关系急剧升级。此次军事行动虽以打击 ISIS 恐怖主义及保护宗教自由为名， | | | | | 但深层逻辑直指全球能源格局变迁与关键战略矿产的供应链争夺。 | | | | | 2、美国经济正经历明显的"K 型分化"：大型企业乘着 AI 浪潮利润与股价齐飞， | | | | | 而小企业却在通胀、关税与消费降级的多重挤压下深陷裁员与盈利困境。这种企业 | | | | | 端的"冰火两重天"，正在加剧就业市场的结构性撕裂与社会的贫富差距。 | | | | | ...

Group 1: Service Industry IP Emergence - The rise of "service industry IP" reflects a profound transformation in China's consumption structure, gradually replacing "product IP" as a media and online focus[11] - In 2024, the proportion of per capita service consumption expenditure reached 46.1%, an increase of approximately 6.4 percentage points since 2013[10] - The domestic tourism market saw 5.615 billion trips in 2024, a year-on-year increase of 14.8%, with total spending reaching 5.75 trillion yuan, up 17.1%[32] Group 2: Factors Driving Service Industry IP - Intensified local competition has led to a demand for service industry IP, as traditional economic drivers like real estate enter a downturn, increasing fiscal pressure on local governments[2] - The K-shaped consumption differentiation indicates that some consumers are willing to pay a premium for unique experiences, while others prioritize cost-effectiveness, creating a conducive environment for service industry IP development[5] - The emergence of grassroots service IP, such as "粥饼伦" and "鸡排哥," highlights the emotional value provided to consumers, enhancing their overall experience[41] Group 3: Government Support Measures - Local governments have implemented supportive measures for service industry IP, such as relocating popular vendors and promoting them as cultural ambassadors[42] - Initiatives like customized tourism lines and free access to local attractions for ticket holders have been introduced to enhance consumer experience and engagement[42] - The government's role is crucial in maintaining the long-term appeal of service industry IP, ensuring that these initiatives are sustainable and beneficial for local economies[43] Group 4: Risks and Challenges - Potential risks include inadequate support policies for service consumption development and the exacerbation of economic impacts from the real estate downturn[44] - A slowdown in resident income growth may also affect consumer spending and support for service industry IP[44]