Core Insights - The sales revenue of consumption-related industries during the May Day holiday increased by 15.2% year-on-year, driven by the "old-for-new" policy and strong demand in various sectors [1][2] Group 1: Consumer Electronics and Appliances - The "old-for-new" policy significantly boosted the consumption of home appliances and communication devices, with sales revenue for household appliances and audio-visual equipment increasing by 167.5% year-on-year [1] - Retail sales of daily household appliances such as refrigerators and washing machines grew by 169.8%, while sales of televisions increased by 153.1% [1] - Sales revenue for communication devices rose by 118%, as smart phones and other consumer electronics were included in the subsidy program [1] Group 2: Home Goods and Jewelry - Sales of home goods showed strong growth, with furniture sales increasing by 170%, sanitary ware by 68.7%, kitchenware by 30.1%, and lighting by 15.7% [2] - The rising gold prices contributed to a 14.4% increase in jewelry sales revenue [2] Group 3: Retail Sales Channels - Overall retail sales revenue increased by 28.7% year-on-year, indicating a rise in consumer spending across various platforms [2] - Offline department store sales grew by 34.5%, while supermarket sales increased by 8.9%, and online retail sales surged by 34.7% [2] Group 4: Tourism and Experience Services - There was a notable increase in demand for experiential tourism services, with sales revenue for tourism and entertainment services rising by 6.1% [2] - Revenue from scenic spots increased by 42.7%, leisure sightseeing services by 65.6%, and park services by 11.1% [2] - The popularity of unique accommodations and cultural performances led to a 17.9% increase in revenue from homestay services and a 31.1% increase in revenue from artistic performances [2]

央视网消息：记者从商务部了解到，今年"五一"假期，全国消费市场繁荣活跃。据商务部商务大数据监测，假期全国重点零售和餐饮企业 销售额同比增长6.3%。 假期期间，商务部重点监测零售企业家电、汽车、通讯器材销售额同比分别增长15.5%、13.7%和10.5%。商务部重点监测电商平台智能家 居产品销售额同比增长超20%。服务消费持续升温，餐饮文旅市场红火。据商务大数据监测，假期全国重点监测餐饮企业销售额同比增长 8.7%。 北京：数字消费新场景 交互体验聚人气 这个"五一"假期，北京的文化消费市场持续火热，一批首次投入市场的文化演出、数字文化消费新场景，激发了消费活力。 位于北京朝阳区的798文化园区内，全新推出的复合式VR院线，吸引了不少年轻消费者前来体验。实景搭建的VR沉浸展、炫酷的视觉艺 术、环绕式立体声音响效果，让不少消费者有了耳目一新的感觉。 得益于"五一"假期推出的首店、首展等首发经济效应，整个"五一"期间，园区接待游客量持续上升，日均入园量约6万人次。 上海："五一"假期线上线下消费同比增长13.1% 以旧换新备受欢迎。2025年初至5月5日0时，汽车以旧换新补贴申请量突破300万份；消费者购买12大 ...

Group 1: Retail and Consumer Market - During the "May Day" holiday, key retail and catering enterprises in China saw sales increase by 6.3% year-on-year, with home appliances, automobiles, and communication equipment experiencing double-digit growth [1] - The sales of home appliances, automobiles, and communication equipment grew by 15.5%, 13.7%, and 10.5% respectively during the holiday period [1] - E-commerce platforms reported a more than 20% year-on-year increase in sales of smart home products [1] Group 2: Transportation and Mobility - From May 1 to May 5, the total cross-regional movement of people in China reached 1.467 billion, averaging 293 million per day, a year-on-year increase of 8.0% [1] - Railway passenger volume during this period was 101.69 million, with a daily average of 20.34 million, reflecting a year-on-year increase of 10.8% [1] - Road transportation, including both non-commercial and commercial passenger traffic, accounted for 1.345 billion movements, averaging 269 million per day, up by 7.6% year-on-year [1] Group 3: Financial and Economic Developments - The People's Bank of China announced the establishment of a rapid financing tool funded by freely usable currencies like the RMB, marking a significant step in the diversification of the international monetary system [1] - The 137th China Import and Export Fair (Canton Fair) concluded with a record number of overseas buyers, totaling 288,900 from 219 countries and regions, a 17.3% increase from the previous year [1] - The fair reported an on-site intended export transaction volume of $25.44 billion, up 3% year-on-year [1] Group 4: Automotive Industry - BYD announced that its sales of new energy vehicles reached 380,100 units in April 2025, representing a year-on-year growth of 21.33% [1] - Cumulatively, from January to April 2025, BYD sold 1.3809 million new energy vehicles, marking a 46.98% increase year-on-year [1] Group 5: Real Estate Market - In Shanghai, 11 new residential projects were approved before the "May Day" holiday, with a total of 1,577 units entering the market, primarily high-end improvement products [1] - Despite many residents traveling during the holiday, the new housing market in Shanghai remained active, with several projects triggering sales limits and point systems due to high demand [1] Group 6: Corporate Developments - Xiaomi's subsidiary, Xiaomi Home, underwent a business change, with Lei Jun transitioning from executive director to director, and the business scope expanded to include smart home consumer device sales [1]

摩根资产管理：2025年环球市场纵览季报-亚洲版（繁体字版） 报告共计：88页 《摩根资产管理：2025年环球市场纵览季报 - 亚洲版》对2025年第二季度环球市场进行了全面剖析，涵盖经济、股市、固定收益及其他资产类别等领域，展 现了全球市场的多元态势。 1. 全球经济形势分化：成熟市场中，美国经济增长有一定支撑，消费对GDP贡献显著，但投资有所拖累；日本经济温和增长，各领域贡献相对均衡。新兴市 场方面，中国经济增长有自身节奏，消费、投资和净出口共同发力，不过房地产行业面临调整；印度经济增长势头良好。全球通胀水平各异，部分国家通胀 压力较大，而中国则出现通缩迹象。同时，全球供应链压力有所缓解，货运成本下降。 2. 股市表现差异明显：环球股市回报各地区不同，过去十年，亚洲部分市场如台湾、中国表现突出。不同市场的盈利预期、估值和股息表现各有特点。科技 行业受关注，中国科技企业盈利增长预期较高，印度通讯服务行业盈利增长显著。此外，美国股市指数集中度较高，前十大公司对指数影响较大。 3. 固定收益市场动态复杂：环球固定收益市场中，不同债券类别回报不同，新兴市场本币债券和亚洲高收益债券在部分时间段表现较好。债券的孳息率 ...

原标题：提质·增量·创新——全省一季度消费市场观察 一季度，我省加力扩围开展消费品以旧换新，持续扩大政策覆盖面，提升补贴兑付速度，开设便民服务 渠道，线上线下提高政策知晓度，充分释放居民消费潜力。截至4月15日，全省汽车换新近5万辆，家 电、手机等销售超100万件，直接拉动销售额102亿元。 其中，限上社零额增长6.1%，比上年全年加快3.7个百分点。限上汽车、通讯器材、家电、文化办公用 品类同比分别增长11.2%、36.6%、40.1%和49.2%；3月启动家装厨卫换新，家具、建材分别增长20.8% 和30.3%。买大家电，扮靓新家；买新汽车，享受旅途……大宗消费有效提升的背后，是人们美好幸福 生活的加速实现。 "购在吉林"系列活动有序开展，人工智能在消费场景中加速应用，以旧换新火热进行……回望一季度， 我省消费市场平稳发展、亮点频现，既有质的有效提升，又有量的合理增长，更有消费升级的可喜变 化。 吉林省统计局发布的数据显示，今年一季度，全省社会消费品零售总额1088.4亿元、增长4.8%，高于全 国0.2个百分点。其中，限上社零额448.9亿元、增长6.1%，高于全国0.4个百分点。 省商务厅市场运行和消 ...

欧洲通讯卫星公司SES首席执行官：正在与欧盟和其他政府进行谈判，以寻找星链的替代方案，短期内 不可能取代星链，但现在的讨论更加具有战略性和长远性，最重要的需求是欧洲国家比以往更多地投资 太空。 ...

南都讯 4月30日上午，2025年江门外贸优品全城欢购季活动暨蓬江区商圈促消费活动启动仪式在蓬江区 幸福里一楼外广场举办。蓬江区委书记李志坚、江门市政府副秘书长岑明俸出席活动并致辞。 本次活动由蓬江区人民政府、江门市商务局、江门市贸促会联合主办，旨在助力江门市外贸企业出口转 内销，抢抓加力扩围实施消费品以旧换新的政策机遇，大力拓展国内市场。活动时间将持续至5月2日。 岑明俸在致辞中对蓬江区积极发挥江门市中心城区的关键作用、大力促进消费增长和外贸出口转内销表 示充分肯定，他呼吁内、外贸企业要加强合作，整合资源，实现优势互补、协同发展，共同开拓国内市 场，为消费者带来更多实惠。 李志坚表示，蓬江区将一如既往当好"服务员"，以实际行动赋能商圈焕新，始终坚持以创新为驱动，谋 划打造百亿商圈。 多家龙头企业线上线下展销 拓展国内市场 本次活动设立"外贸优品专区"，吸引了大冶摩托、建雅摩托、科业电器、贝尔斯顿电器、浩盈家居用 品、恒隆家居创新用品等江门市多家外贸龙头企业参与，集中展销摩托车、风扇、小家电、五金不锈钢 制品、家居用品等优质产品，助力江门市外贸企业拓展内销市场。 现场设置"京东助力江门企业外贸出口转内销展示区 ...

富士达 20250429 摘要 • 富士达一季度营收同比下滑 1%，归母净利润下降 6.68%，主要受核心军 工项目需求不足影响，但一季度订单同比增长约 20%，预示未来业绩有望 改善。民用产品占营收 40%，军工防务及卫星相关业务占 60%。 • 公司毛利率提升主要受益于军工领域产值增加带来的规模效应，固定成本 摊销降低。尽管 2024 年军工元器件毛利率有所下滑，但 2025 年产品毛 利率基本保持稳定。存货增加反映了订单提升后，公司为项目提前投入。 • 定增终止后，公司将通过银行贷款或其他募资方式继续推动项目，确保生 产场地扩充和设备采购，提升宇航产品产能。研发投入占营收约 8%，用 于军工防护新项目，对公司长期发展至关重要。 • 商业卫星领域，公司已拿到三星 SDS 星座 300 颗订单，2025 年需交付完 毕。千帆星座毛利率稳定在 40%左右，星网因技术要求高、定制化程度高， 毛利率存在不确定性。 • 民用市场需求稳定，公司在华为招标中中标情况与去年持平，主要为 4G、5G 配套产品。新产品方面，高端制造仪器仪表等领域合作内容丰富， 利润空间相对较好。 Q&A 请介绍一下富士达公司 2025 年第 ...

0:00 前期的视频我们认识了香港市场的跨境ETF，本期视频，我们放眼全球，再来了解下其他市场的跨境 ETF吧。 首先，我们来看下全球知名的美国纳斯达克100指数（简称纳指100）。 （数据来源：Wind；截止日期：2025/3/10） 除了纳指100，美股中反映传统经济的道琼斯指数、聚焦美股大盘的标普500指数也均有跨境ETF跟踪， 只是ETF规模和数量相较于纳指100相对较少，感兴趣的小伙伴可以关注下。 成分股看-聚集科技巨头，前十大权重股包括苹果、英伟达、微软、亚马逊、博通、特斯拉、脸 书、谷歌等大家耳熟能详的顶尖的科技公司，他们在各自的科技赛道也是赫赫有名的全球引领 者； 行业看-分布集中，成长风格突出。前3大权重行业为信息技术（49.2%）、通讯服务（24.6%）、 可选消费（14%），其中信息技术占比近50%。 凸显大市值-纳指100更聚焦大市值公司，目前成分股中总市值超过5000亿美元的有9家，平均市值 超2600亿美元。 说完了美股、港股主要的跨境ETF，我们再来看两只投资于港交所、纳斯达克、纽交所三个交易所上市 的互联网企业的指数-中国互联网50、中国互联网30。 两只指数成分股均是30只， ...

Core Insights - The cooperation prospects between Hainan and Arab countries in health tourism are promising, with significant interest from Arab entrepreneurs in Chinese investments [2] Group 1: Investment Opportunities - 56 enterprises from the China-Arab Cooperation and Development Association participated in the forum, with 43 planning to sign agreements with Chinese companies, indicating strong confidence in the outcomes [2] - Key sectors of interest include renewable energy, communications, tourism services, healthcare, and agriculture, with a focus on photovoltaic, hydrogen energy, 5G communications, and health tourism investments [2] - Plans are in place to establish five high-end hotels in Hainan, which is seen as an ideal location for Middle Eastern tourists seeking climate therapy [2] Group 2: Strategic Recommendations - Recommendations for enhancing cooperation include increasing direct international flight routes and improving supporting services such as dining [3] - The Hainan Free Trade Port policies are expected to significantly attract Middle Eastern capital by enhancing capital return rates, making it an appealing investment destination [2]