4月美国出台"对等关税"举措后，渣打银行董事总经理兼人民币国际化团队主管吴雅思明显感受到境外 机构对人民币的使用热情进一步升温。 "在6月18日举行的2025年中国国际金融展期间，我们遇到一些非洲金融机构，他们特意要求我们坐下来 继续讨论人民币的应用。"她告诉记者。 渣打银行（中国）有限公司交易银行部总经理张荧对此深有感触。 她向记者指出，在美国出台"对等关税"举措后，越来越多中资企业纷纷在海外投资建厂推动产业链多元 化布局同时，都愿使用人民币进行ODI（境外投资备案），带动人民币在跨境投资方面的需求持续加 大。 "近期我们经常与非洲分支机构同事讨论，如何围绕中资企业在非洲业务的发展，满足他们的人民币投 融资需求，目前一个明显趋势是，银行相关产品的人民币占比越来越高。"张荧强调说。 汇丰环球支付方案部本地及创新支付产品环球总监孙雷向记者表示，在全球贸易格局面临重大挑战的形 势下，成本上升和供应链重塑是全球企业普遍关注的问题，人民币在跨境贸易的使用可以加强全球企业 运营效率与成本管理，尤其对开展国际贸易业务的中资企业而言，积极使用人民币有助于他们减轻汇率 波动影响，降低结算成本与提升资金效率。随着境内外企业对人 ...

今年是中国人民抗日战争暨世界反法西斯战争胜利80周年，也是台湾光复80周年，四川、重庆作为抗战 大后方，在抗战中扮演了重要角色。 座谈会上，四川省抗战历史文化研究会名誉会长张庆成讲述了祖父张自忠将军以身殉国、誓死捍卫家国 的壮烈事迹，带领与会者走进那段气壮山河的战火记忆。他表示，正是无数将士的牺牲，筑起了中华民 族的血肉长城。 中新网成都6月23日电 (记者 王鹏岳依桐)"虽然台湾人被日本殖民统治了50年，但我们不是日本的'狗崽 子'，而是堂堂正正的中国人。"23日，在成都举行的2025"文化抗战川渝行"两岸媒体采访活动座谈会 上，台湾梅花新闻网副总编辑宋秉忠动情发言，引发在场两岸人士深深共鸣。 当日，来自两岸的抗战将士后代、专家学者、媒体代表以及台湾青年齐聚一堂，共同缅怀抗战先烈，追 寻民族记忆。 "台湾也曾是中华民族反抗外辱的重要阵地。"宋秉忠追溯自甲午战争至抗战胜利的历史脉络，指出台湾 抗日志士曾在关键时刻奋起反抗。他强调，历史真相不容扭曲，台湾同胞在反抗日本殖民统治的斗争中 付出了巨大代价。"两岸应以真实历史为基础，团结一心，共同开创中华民族的未来。" 图为座谈会现场。记者 刘忠俊 摄 台湾青年邱庆龄 ...

Core Insights - The aging population in China is rapidly increasing, with over 310 million people aged 60 and above by the end of 2024, accounting for 22% of the total population [1] - There is a significant shortage of caregivers, with a reported gap of 5.5 million nursing staff in the elderly care sector [1] - The emergence of elderly care robots is seen as a potential solution to alleviate caregiving burdens and enhance the quality of life for seniors [1] Company Insights - Silicon Intelligence (Beijing) Robotics Co., Ltd. has launched the "Silicon Boy," a non-contact health monitoring robot that utilizes advanced AI and sensing technology to measure vital health indicators without physical contact [2] - The "Silicon Boy" acts as a health sentinel and intelligent companion, capable of real-time monitoring and alerting users and caregivers of any abnormal health conditions through an app [2] Industry Insights - The smart elderly care market in China is projected to reach 7.21 trillion yuan by 2025, with a compound annual growth rate (CAGR) exceeding 20% [2] - The elderly care robot market is also experiencing rapid growth, with an expected market size of over 30 billion yuan in 2024 and a forecast of 50 billion yuan by 2025, reflecting a CAGR of over 30% [2] - The integration of AI and robotics in elderly care is advancing, providing innovative solutions to address the global aging challenge [2]

Core Viewpoint - The introduction of settlement insurance by State Grid Shanxi Material Company significantly alleviates financial pressure on small and medium-sized enterprises (SMEs) by allowing them to receive substantial payments earlier with minimal insurance investment [1][2]. Group 1: Financial Innovation and Services - State Grid Shanxi Material Company launched a settlement insurance service aimed at enhancing financial support for SMEs, responding to the call for service month activities [1]. - The insurance service features "small investment, large early payment," which is designed to ease the financial burden on SMEs and promote their healthy development [1]. - The company conducted a targeted survey on insurance needs among over 250 suppliers to better understand their financial challenges and the effectiveness of the settlement insurance [1]. Group 2: Implementation and Impact - As of now, 12 suppliers have successfully processed 165 settlement insurance policies, demonstrating the service's effectiveness in reducing costs and enhancing efficiency for businesses [2]. - The company plans to continue leveraging the efforts of its service teams to optimize service processes and expand the coverage of settlement insurance, ensuring more SMEs benefit from financial innovations [2].

Core Viewpoint - The article highlights the innovative power supply assurance strategy implemented by State Grid Tianshui Power Supply Company during the national cultural ceremony, showcasing advancements in technology and a comprehensive power supply system [1][3]. Group 1: Technological Innovations - The most significant technological breakthrough is the large-scale application of Static Transfer Switch (STS) devices, which achieve a switching speed of 15 milliseconds, providing a 20-fold efficiency improvement over traditional Automatic Transfer Switch (ATS) devices that switch in seconds [3]. - The deployment of STS devices expanded from a single unit last year to multiple units covering five core areas, creating a redundant network for rapid power switching [3]. - A modular design of the new UPS mobile uninterruptible power supply system offers "zero-second" continuous power supply for critical loads such as lighting and broadcasting equipment [3][5]. Group 2: Monitoring and Response Systems - An IoT-based intelligent monitoring platform acted as a "power sentinel," scanning seven monitoring points at a frequency of ten times per second, triggering alarms for temperature thresholds or partial discharge events [4]. - The emergency response process can be compressed to under three minutes, allowing for early diagnosis of potential issues, akin to equipping power devices with a CT scanner [5]. - The new power supply assurance system has been operational for 96 hours, successfully handling one early warning event, and demonstrated a switching speed of 13.8 milliseconds during a simulated main power interruption [5]. Group 3: Future Applications - The technologies used in this power supply assurance, such as STS and intelligent fusion terminals, will be standardized and promoted for other major event power supply scenarios, creating a replicable and iterative technical solution library [5].

Core Viewpoint - The State Grid Xinzhou Power Supply Company is transforming its material management from traditional operations to a smart and lean approach through the construction of a "green modern intelligent supply chain" [1] Group 1: Smart Warehouse and Inventory Management - The company has upgraded its warehouse with features such as automatic RFID scanning, intelligent robots for material handling, and advanced scanning technologies for precise location tracking [1][3] - Inventory efficiency has improved by over 200% due to the implementation of an integrated information scheduling module and automation in loading, inventory counting, real-time sensing, and sealing [3] - The "one map of physical resources" initiative connects production warehouses and emergency materials across 14 counties to an online platform, providing clear visibility of inventory status and turnover data [3] Group 2: Emergency Material Allocation and Control - The new system allows for automatic matching of emergency material inventory, enabling quick cross-county allocation with a single click, significantly streamlining the process [5] - The platform has established a standardized operation for inventory management, including assessment, allocation, consumption tracking, and control of inventory growth [5] Group 3: Integration with Project Management - Material control is integrated throughout the entire process of power grid construction, utilizing big data analysis for monitoring and statistical reporting of material usage, contract signing, and inventory management [7] - The company's material arrival and accounting rate has increased from 82.8% to 95%, significantly enhancing key performance indicators such as investment plan completion and project accounting completion rates [7]

Core Insights - The company is enhancing its "power supply + energy efficiency services" to optimize the business environment, exemplified by tailored energy-saving plans for clients [1][2] - A new "smart electricity fee management" service system has been established, providing dynamic monitoring and intelligent analysis of energy consumption for key enterprises [2] - The company aims to deepen data sharing between government and enterprises, leveraging new power system construction to offer diversified services that support high-quality economic development [4] Group 1 - The company conducted a service visit to a cement company, analyzing over 30 data points related to electricity usage, identifying inefficiencies, and providing actionable recommendations that could save the company 120,000 yuan per month [1] - The service team utilizes a "1+N" monitoring analysis system to ensure effective policy execution and provide customized solutions for major industrial enterprises [2] - The company emphasizes a face-to-face service model to better understand enterprise electricity needs and deliver targeted support [2] Group 2 - The company is committed to continuous improvement in energy efficiency services, aiming to assist the real economy in achieving high-quality growth [4]

Core Viewpoint - The successful operation of China's first 550 kV C4 environmentally friendly gas-insulated metal-enclosed transmission pipeline marks a significant advancement in the application of eco-friendly electrical equipment, providing a viable alternative to SF6 gas, which has high greenhouse gas potential [1][2]. Group 1: Technological Development - The C4 gas, with a greenhouse effect potential only one-tenth that of SF6 and an insulation strength 2.2 times greater, is recognized internationally as a promising substitute for SF6 [1]. - The core technology for C4 gas had been monopolized by foreign entities until its domestic industrial production was achieved in 2019 through collaboration between State Grid Anhui Electric Power Company and China Electric Power Research Institute [2]. Group 2: Implementation and Performance - The first 12 kV C4 gas ring network cabinet was successfully operated in Anhui in May 2021, demonstrating excellent performance over more than four years of stable operation [2]. - The recent commissioning of the 550 kV C4 environmentally friendly GIL signifies a major breakthrough in the engineering application of C4 gas in ultra-high voltage equipment [2]. Group 3: Future Plans - The research team at State Grid Anhui Electric Power Company plans to collaborate with various academic and industrial partners to further develop key technologies for C4 gas, aiming to create a comprehensive technology matrix for its application across the entire power grid [2].

Group 1 - Shenzhen CJTconn is a significant player in the connector industry, focusing on the research, production, and sales of connector products, establishing a strong brand image through advanced technology and product quality [1][2] - Guangdong University of Technology emphasizes the integration of theory and practice in talent cultivation, aiming to provide high-quality, application-oriented professionals while accumulating rich teaching and research experience [1][2] - The collaboration between CJTconn and Guangdong University of Technology aims to create a "Long River - Guangdong University of Technology Industry-Education Integration Practice Teaching Base," marking a significant step in integrating talent training, scientific research innovation, and industrial development [1][2] Group 2 - Students from Guangdong University of Technology will gain opportunities to engage in real projects, enhancing their practical skills and employment competitiveness [2] - CJTconn will leverage the university's research capabilities and talent resources to inject new vitality into its technological innovation and product upgrades, thereby enhancing market competitiveness [2] - The partnership serves as a positive demonstration for promoting the development of the connector industry and deepening the integration of education and industry [2]

Investment Rating - The report maintains an "OUTPERFORM" rating for the company [2][5]. Core Views - The company has successfully achieved an IPO on the Hong Kong stock market, raising HKD 9.177 billion to expand production capacity in refrigeration and automotive sectors, and to develop electromechanical actuators for bionic robotics [3][9]. - The company has shown excellent growth in both refrigeration and automotive sectors, with a revenue of RMB 16.56 billion in the refrigeration sector (YoY +13.1%) and RMB 11.39 billion in the automotive sector (YoY +14.9%) for 2024 [4][10]. - The company is expected to benefit from Chinese appliance renewal policies in 2025, with a strong order backlog in the automotive sector [4][10]. Financial Summary - Revenue projections for the company are as follows: RMB 31.65 billion in 2025, RMB 36.28 billion in 2026, and RMB 41.65 billion in 2027, reflecting growth rates of 13%, 15%, and 15% respectively [2][4]. - Net profit is projected to be RMB 3.73 billion in 2025, RMB 4.34 billion in 2026, and RMB 5.07 billion in 2027, with growth rates of 20%, 17%, and 17% respectively [2][4]. - The diluted EPS is expected to increase from RMB 0.90 in 2025 to RMB 1.22 in 2027 [2][4]. Valuation - The company is assigned a target price of RMB 28.80 based on a 32x PE valuation for 2025, reflecting its growth potential in both existing and new markets [5][11].