Core Viewpoint - The article emphasizes the unwavering belief of Dong Mingzhu, the chairwoman of Gree Electric Appliances, in the concept of "industry serving the nation" as a guiding principle throughout her career [2][4]. Group 1: Company Evolution - Gree Electric Appliances transformed from a small air conditioning assembly factory with an annual output value of less than 20 million yuan to a publicly listed company over the past 25 years [3][4]. - Dong Mingzhu joined Gree in 1990 as a salesperson and has since become a legendary figure in the business world, leading the company through significant growth and challenges [3][16]. - By 2005, Gree had established itself as a leader in the air conditioning market, achieving a production and sales volume of over 10 million units, making it the world's largest air conditioning manufacturer [19]. Group 2: Technological Advancement - Dong Mingzhu identified 2005 as a pivotal year for Gree, marking the company's shift towards technological exploration, focusing on the research and development of compressors and motors [19]. - The company has made significant strides in developing its own CNC machine tools, which are crucial for enhancing manufacturing capabilities and reducing reliance on imports [20][22]. - Gree's commitment to technological independence is evident in its recent achievements, including winning a gold medal for its self-developed CNC machine at the Geneva International Exhibition of Inventions [20][21]. Group 3: Talent Development - Dong Mingzhu has prioritized the cultivation of domestic talent, emphasizing the importance of nurturing Chinese graduates over relying on overseas returnees [24][25]. - Gree's workforce has grown from 200 to over 20,000 R&D personnel, showcasing the company's commitment to developing local expertise [24]. Group 4: Market Position and Strategy - Gree has chosen not to participate in price wars, which has led to a decline in revenue, with a reported revenue of approximately 137.2 billion yuan in the first three quarters of 2025, a decrease of 6.5% year-on-year [30][31]. - The company remains steadfast in its commitment to quality over price, believing that short-term gains from low pricing can lead to long-term costs for consumers [31]. - Dong Mingzhu's approach to competition is characterized by a readiness to face challenges and a belief that pressure can lead to growth and innovation [31][32].

中新社圣保罗12月27日电 (记者 林春茵)自24日起，热浪侵袭巴西。巴西国家气象研究所对该国东南 部、南部和中西部多个地区发布红色高温预警，警报持续至29日。高温使得给宠物降温的"凉宠"商品在 多地走俏。 当地时间 当地时间12月27日，巴西圣保罗发布红色高温预警，一位物流公司员工在布拉斯商区将宠物清凉用品搬 上卡车。中新社记者 林春茵 摄 12月27日，巴西圣保罗"避暑胜地"伊比拉布埃拉公园录得37摄氏度，市民在烈日下过马路。中新社记者 林春茵 摄 在电商平台上，宠物冰垫、凉感喷雾、降温背心等商品销量可观。在电器卖场，经销商莱安德罗介绍 说，"黑五"和圣诞促销刚过，又迎来酷暑商机，几大品牌的空调都已经售罄。而低矮的摇头风扇、带有 冰水喷雾的可移动空调因对宠物友好，又免去安装费，销路特别好。 因城市热岛效应，里约热内卢州和圣保罗州备受"炙烤"。27日中午，里约西区实测最高气温35.5摄氏 度，体感温度飙升至42摄氏度。海滩上从清晨起便人满为患，不少人打定主意要在沙滩上过夜。巴媒梳 理称，两天来已有1300余人因中暑、昏厥、虚弱和晒伤就医，四天内紧急医疗事件超过2000起。 在圣保罗花园区，一家宠物旅馆坚持开 ...

Core Viewpoint - The 10th China Manufacturing Power Conference highlighted the significant achievements of China's manufacturing sector during the 14th Five-Year Plan, emphasizing the need for continued innovation and adaptation in a rapidly changing global environment [3][4][9]. Group 1: Achievements in Manufacturing - China's manufacturing value added has maintained a stable global share of around 30%, holding the top position for 15 consecutive years [3][8]. - Key industries such as new energy vehicles, information communication equipment, and advanced rail transit have reached world-leading status, while aerospace, automotive, steel, petrochemicals, and building materials have achieved advanced global levels [3][8]. - In the first 11 months of 2025, China's goods trade surplus exceeded $1.08 trillion, marking a historical high, with contributions shifting from labor-intensive sectors to technology-intensive sectors like electric vehicles and lithium batteries [3][8]. Group 2: Challenges and Strategic Focus - The international environment presents uncertainties, including major power competition and technological rivalry, which pose challenges to the manufacturing sector [4][9]. - The upcoming Five-Year Plan emphasizes the importance of building a modern industrial system, with manufacturing as a key focus, and aims to maintain a reasonable proportion of advanced manufacturing [4][9]. - Future strategies for manufacturing should focus on four areas: solidifying industrial foundations, accelerating technological self-reliance, nurturing new productive forces, and optimizing the development ecosystem [10][11].

本次招聘会首次设立的"链主企业专区"成为一大亮点。比亚迪、格力、腾讯、南方电网等8家知名链主 企业牵头，携手超80家供应链上下游企业组团招聘，集中展示产业全链条人才需求。腾讯整合旗下事业 群及生态公司"打包"招才，南方电网携储能、超高压等子公司参会，助力求职者"一站式"对接产业链优 质岗位。 本次招聘会用人单位投放的岗位学历适配广泛，现场提供博士岗位近9000个、硕士岗位超1.2万个、本 科岗位超3.5万个，方大、小鹏、欣旺达等企业还提供了超8000个专科岗位，从高端研发人才到技能人 才全面覆盖。岗位类型也丰富多元，既涵盖面向应届毕业生的正式岗位，也为2027届毕业生提供超1万 个实习机会。近半数岗位年薪超20万元，50万至100万元岗位超4000个，100万元以上岗位超600个，博 士、博士后及领军人才核心岗位薪酬面议"上不封顶"。 21地市还因地制宜亮出引才实招。珠三角集结了小鹏、格力等科技巨头与制造业领军企业揽才，粤东以 汕头为引领组织8家公立医院及光华科技等头部企业参会，粤西以湛江、茂名为主力组织宝钢湛江钢 铁、茂名石化等企业推出优质岗位，粤北以韶关、清远为代表组织韶能集团、清远人民医院等单位现场 招 ...

发布仪式展现了10位"齐鲁最美科技工作者"的先进事迹，将激励全省广大科技工作者为实现高水平 科技自立自强，奋力开创新时代社会主义现代化强省建设新局面贡献智慧和力量。（记者 王亚楠） 12月27日晚，由省委宣传部、省科协、省科技厅、大众报业集团、山东广播电视台联合主办的2025 年"齐鲁最美科技工作者"发布仪式在济南举行。 10位"齐鲁最美科技工作者"分别是：海尔集团CTO，国家高端智能化家用电器创新中心总经理王 晔；山东第一医科大学第一附属医院（山东省千佛山医院）院长，主任医师、教授田辉；中国石油大学 （华东）石油工程学院教授孙宝江；中国海洋大学物理海洋教育部重点实验室副主任、教授陈显尧；山 东临工工程机械有限公司副总经理、总工程师迟峰；山东农业大学园艺科学与工程学院副院长、教授李 媛媛；万华化学集团股份有限公司技术开发中心主任，研究员级高级工程师尚永华；济南大学生物科学 与技术学院院长、教授秦晓春；山东大学晶体材料全国重点实验室主任、新一代半导体材料集成攻关大 平台主任、教授徐现刚；烟台毓璜顶医院耳鼻咽喉头颈外科医工交叉创新转化团队。 ...

Group 1: Primary Market - In the week from December 22 to December 26, 2025, a total of 267 credit bonds were issued, with a total issuance scale of 427.70 billion, representing a week-on-week increase of 15.42% [4] - Among the issued bonds, industrial bonds accounted for 117 issues with a scale of 219.26 billion, a week-on-week increase of 34.26%, making up 51.26% of the total issuance [4] - City investment bonds totaled 110 issues with a scale of 71.36 billion, a week-on-week decrease of 18.87%, representing 16.69% of the total issuance [4] - Financial bonds had 40 issues with a scale of 137.08 billion, a week-on-week increase of 14.92%, accounting for 32.05% of the total issuance [4] - The average issuance term for credit bonds was 2.74 years, with industrial bonds averaging 2.36 years, city investment bonds 3.25 years, and financial bonds 2.35 years [4] - The overall average coupon rate for credit bonds was 2.26%, with industrial bonds at 2.12%, city investment bonds at 2.41%, and financial bonds at 2.23% [4] Group 2: Secondary Market - The total trading volume of credit bonds was 1782.75 billion, reflecting a week-on-week increase of 28.47% [7] - The top three categories by trading volume were commercial bank bonds, corporate bonds, and medium-term notes, with commercial bank bonds at 630.89 billion (up 38.88%), corporate bonds at 521.31 billion (up 15.93%), and medium-term notes at 347.64 billion (up 40.63%) [7] - In terms of credit spreads, the largest increase for AAA-rated industries was in pharmaceuticals, up 5.1 basis points, while the largest decrease was in real estate, down 1.3 basis points [6] - For AA+ rated industries, the largest increase was in household appliances, up 6.4 basis points, and the largest decrease was in textiles and apparel, down 9.8 basis points [6] - The AAA-rated credit spread increased the most in Gansu, up 8.7 basis points, while the largest decrease was in Jilin, down 2.9 basis points [6]

Group 1: Currency Impact on Companies - The appreciation of the Renminbi has led to a significant loss for an automotive welding company exporting to North America, resulting in a decrease of 46 million in revenue and an exchange loss of 18 million, which is about one-fifth of last year's net profit [1] - Export-oriented industries such as textiles, electronics, and appliances are feeling the pressure as the Renminbi's strength diminishes their price competitiveness in international markets [8][13] - Companies are increasingly adopting risk management strategies, with over 30 A-share companies announcing plans to engage in foreign exchange hedging to stabilize profits amid currency fluctuations [8][13] Group 2: Economic Indicators and Market Reactions - China's trade surplus surpassed 1 trillion USD for the first time in history in 2025, showcasing the resilience of the Chinese economy despite external pressures [3] - The banking sector and financial institutions may experience a revaluation of assets due to their holdings in Renminbi-denominated assets, as foreign capital flows back into A-shares [7][8] - The paper industry has seen a surge in stock prices due to reduced procurement costs from the Renminbi's appreciation against the dollar [8] Group 3: Broader Economic Effects - The Renminbi's rise has led to a decrease in import prices for commodities like crude oil and iron ore, effectively acting as an "invisible subsidy" that stabilizes domestic living costs [11] - Employment in sectors like cotton textiles and apparel may decline due to reduced profit margins from currency appreciation, while industries reliant on imports, such as paper and non-ferrous metals, may see job growth [13] - The real estate market's response to currency fluctuations is complex, with foreign investment in commercial properties increasing, but overall housing prices remain influenced by regulatory policies rather than exchange rates [10]

Investment Rating - The report maintains a positive outlook on the home appliance sector, highlighting the potential for growth in leading companies with low valuations and high dividends [6][7]. Core Insights - The home appliance sector has underperformed compared to the Shanghai and Shenzhen 300 Index, with the sector index rising by 0.5% while the broader index increased by 1.9% [6][8]. - Key companies such as Feike Electric, Guangfeng Technology, and Sanhua Intelligent Control have shown significant gains, while companies like Beilong and Hisense Vision have faced declines [6][10]. - Sanhua Intelligent Control is projected to achieve a net profit of 3.874 to 4.649 billion yuan in 2025, representing a year-on-year growth of 25-50% [6][13]. - Haier Smart Home has sold a 49% stake in its Indian subsidiary, maintaining control while partnering with local investors to enhance market presence [6][14]. Summary by Sections Air Conditioning - Online retail volume for air conditioners in November 2025 was 2.09 million units, down 26.2% year-on-year, while offline sales dropped by 44.8% to 351,000 units [4][35]. - The average online retail price increased by 0.2% to 3,131 yuan per unit, while the offline average price decreased by 13.0% to 4,205 yuan [4][35]. Kitchen Appliances - For range hoods, online sales fell by 15.2% to 502,000 units, and offline sales decreased by 34% to 132,000 units [5][37]. - The average online price for range hoods rose by 17.4% to 2,011 yuan, while the offline price dropped by 7.7% to 4,296 yuan [5][37]. - Dishwashers saw online sales decline by 29.3% to 170,000 units and offline sales drop by 40.2% to 28,000 units [5][41]. - The average online price for dishwashers increased by 2.7% to 4,590 yuan, while the offline price decreased by 1.1% to 8,241 yuan [5][41]. Industry Dynamics - The home appliance sector is expected to benefit from the continued effects of the trade-in policy and the growing demand in emerging markets [7]. - Companies are diversifying into new technology sectors, including robotics and data center temperature control, to drive growth [7]. - The report highlights the resilience of leading companies in the face of international trade fluctuations and their strategic positioning in global markets [7].

Core Viewpoint - The "Million Talents Gathering in South Guangdong" recruitment fair aims to connect a large number of job seekers with diverse employment opportunities, showcasing the region's commitment to attracting talent and fostering economic growth [3]. Group 1: Recruitment Fair Overview - The recruitment fair, held at Shenzhen Convention Center, featured 1,825 key employers offering over 65,000 quality job positions, attracting more than 120,000 students from over 1,700 universities [3]. - Major participating companies included over 40 Fortune 500 firms, more than 300 listed companies, and over 400 specialized enterprises, alongside numerous research institutions and universities [3]. Group 2: Highlights of the Event - A new "Chain Master Enterprise Zone" was established, featuring 8 leading companies like BYD and Tencent, which collaborated with over 80 supply chain enterprises to showcase comprehensive talent needs across the industry [4]. - The fair offered a wide range of job positions, including nearly 9,000 for PhDs, over 12,000 for Master's degrees, and more than 35,000 for Bachelor's degrees, with additional opportunities for vocational graduates [4]. Group 3: Salary and Employment Opportunities - Nearly half of the job positions offered annual salaries exceeding 200,000 yuan, with over 4,000 positions in the 500,000 to 1,000,000 yuan range, and more than 600 positions offering salaries above 1,000,000 yuan [4]. - The event also provided over 10,000 internship opportunities for 2027 graduates, with companies like Huawei and BYD opening pre-internship application channels [4]. Group 4: Innovative Recruitment Strategies - The fair featured innovative recruitment strategies such as "BOSS Direct Recruitment" for on-the-spot interviews, "Live Streaming Job Offers" with over 3,000 positions, and online interview booths connecting global talent with key enterprises [5]. - Over 7,800 companies provided nearly 200,000 job postings online, enhancing accessibility for job seekers [5].

Core Insights - The "2025 China Outbound Brand Top 100 Index Report" was released, with Haier ranking in the top three for its global brand building and localized operations [1][3] - The report evaluates companies based on four core dimensions: outbound performance, brand building, brand contribution, and sustainable development [3] Group 1: Brand Performance - The selected companies for the top 100 have overseas revenues exceeding 5 billion yuan, with an average overseas revenue of 110 billion yuan [3] - Haier has established a global brand matrix including Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, AQUA, and Candy, becoming a world-renowned brand [3] Group 2: Localization and Innovation - Haier has implemented a "three-in-one" strategy for global localization in R&D, manufacturing, and marketing, with 10 R&D centers, 35 industrial parks, and 163 manufacturing centers worldwide [3] - The company has launched localized innovative products, such as the X11 washing machine in Europe, which exceeds energy efficiency standards by 70%, and a high-end refrigerator in the UK that meets local storage needs [4] Group 3: Global Market Presence - Haier serves over 1 billion households across more than 200 countries, achieving high-quality growth, with GE Appliances being the largest home appliance company in North America [5] - The company has a 60% growth rate in the Middle East and Africa and has maintained the top market share in Pakistan for 10 consecutive years [5] Group 4: Marketing and Brand Connection - Haier is exploring innovative marketing models by connecting emotionally with global users, partnering with top sports clubs and events to strengthen brand loyalty [5] - The company collaborates with major sports events to share the belief of "walking with champions," enhancing brand trust [5] Group 5: Technological Innovation and Ecosystem - The report indicates that the top 100 outbound brands are distributed across 40 cities in 19 regions, with total revenue reaching 45.69 trillion yuan [6] - Haier is focusing on technological innovation to meet user demands in the AI era, showcasing various AI products at international exhibitions [6] Group 6: Health and Digital Economy - Haier has transitioned from a "product supplier" to a "solution co-builder" in the health sector, collaborating with over 1,000 global partners [7] - The company is promoting China's industrial internet solutions through its digital economy initiatives, linking over 900,000 enterprises globally [7] Group 7: Future Outlook - Haier's strong brand ecosystem is a solid foundation for long-term development, with a focus on smart living, health, and digital economy sectors [7] - The company aims to achieve "high-quality outbound" by integrating technology, brand, and ecosystem, enhancing its role in the global value chain [7]