Core Viewpoint - The company Diou Waterhua (002798.SZ) announced that its subsidiary's ceramic tile products have passed quality testing and certification, meeting the national standard GB/T45817-2025 for ceramic tiles, which is a significant development for the industry [1] Group 1: Company Developments - Diou Waterhua's subsidiary has received inspection reports from the Foshan Quality Measurement Supervision and Testing Center for its ceramic tile products, specifically the ELG00060S and EBN00180S models [1] - The products comply with the highest quality grade of 5A (AAAAA级) as per the new national standard [1] Group 2: Industry Impact - The implementation of the GB/T45817-2025 standard fills a gap in the quality grading standards for ceramic tiles, promoting structural optimization and upgrading within the industry [1] - This new standard is expected to inject new momentum into the sustainable development of China's ceramic tile industry [1]

Core Viewpoint - The company Diou Waterhua (002798.SZ) announced that its subsidiary's ceramic tile products have passed quality testing and certification, meeting the national standard GB/T45817-2025 for ceramic tiles, which is a significant development for the industry [1] Group 1: Company Developments - Diou Waterhua's subsidiary has received inspection reports from the Foshan Quality Measurement Supervision and Inspection Center for its ceramic tile products, specifically the ELG00060S and EBN00180S models [1] - The products achieved the highest quality grade of AAAAA (5A级) under the new national standard [1] Group 2: Industry Impact - The implementation of the GB/T45817-2025 standard fills a gap in the quality grading standards for ceramic tiles, promoting structural optimization and upgrading within the industry [1] - This new standard is expected to inject new momentum into the sustainable development of China's ceramic tile industry [1]

Core Viewpoint - Dongpeng Holdings' stock price has declined by 3.66%, closing at 7.36 yuan, indicating it is currently in a state of underperformance since its IPO price was 11.35 yuan [1] Group 1: Company Overview - Dongpeng Holdings was listed on the Shenzhen Stock Exchange on October 19, 2020, with a total issuance of 14.3 million shares, accounting for 12.19% of the post-issue total share capital [1] - The total funds raised from the initial public offering (IPO) amounted to 1.623 billion yuan, with a net amount of 1.48 billion yuan after deducting issuance costs [1] Group 2: Fund Utilization - The funds raised are intended for several projects, including: - A project to upgrade the production of 3.15 million square meters of new eco-friendly stone materials - Expansion of four ceramic production lines - Phase II expansion of Li County Dongpeng Ceramics Co., Ltd. - Construction of a production line for 1.6 million water-saving sanitary ware - Construction of a production line for 2.6 million water-saving sanitary ware and 1 million faucets - Upgrading of information technology equipment and systems - Construction of an intelligent product display hall [1] Group 3: Financial Details - The total issuance costs for the IPO were 143 million yuan, with China International Capital Corporation receiving 100 million yuan as underwriting and sponsorship fees [1]

Core Points - Marco Polo Holdings Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and will be listed on the main board [1] - The IPO will utilize a combination of strategic placement, offline pricing, and online issuance methods [1] - The determined issue price is RMB 13.75 per share, with a total of 119.492 million shares to be issued [1] Group 1: Strategic Placement - The initial strategic placement quantity is 11.9492 million shares, accounting for 10% of the total issuance [2] - The strategic placement is allocated to the company's senior management and core employee asset management plans [2] - There will be no adjustment to the strategic placement quantity, and it does not require a reallocation to offline issuance [2] Group 2: Issuance Structure - Before the implementation of the allocation mechanism, the initial offline issuance quantity is 75.2803 million shares, representing 70% of the total issuance after deducting the strategic placement [2] - The initial online issuance quantity is 32.2625 million shares, accounting for 30% of the total issuance after deducting the strategic placement [2] - The total quantity for offline and online issuance is 107.5428 million shares, with final numbers to be determined based on the allocation situation [2] Group 3: Payment and Subscription - Investors must ensure that subscription funds are fully paid within the specified time; failure to do so will result in the invalidation of their allocation [3] - Online investors must ensure sufficient funds in their accounts by October 15, 2025, to avoid forfeiting their subscriptions [3] - If the total number of shares subscribed by offline and online investors is less than 70% of the total issuance after deducting the strategic placement, the IPO will be suspended [4] Group 4: Lock-up Periods - For offline investors, 30% of the allocated shares will have a lock-up period of 6 months from the listing date, while 70% will be tradable immediately [4] - The lock-up period for shares allocated to senior management and core employees is set at 12 months from the listing date [4] Group 5: Subscription Statistics - The number of effective subscription accounts for the online issuance is 14,713,206, with a total of 223,482,876,500 shares subscribed [6] - The total number of allocation numbers is 446,965,753, with the starting number being 0000000000001 and the ending number being 000446965753 [6] Group 6: Allocation Mechanism - The online subscription multiple was 6,927.0167, leading to the decision to implement the allocation mechanism, reallocating 40% of the total issuance to online investors [7] - After the reallocation, the final offline issuance quantity is approximately 32.2628 million shares, while the final online issuance quantity is approximately 75.2800 million shares [7] - The final online issuance success rate is 0.033684907074%, with an effective subscription multiple of 2,968.6885858 [7] Group 7: Lottery Draw - The lottery draw for online subscriptions is scheduled for October 14, 2025, with results to be announced on October 15, 2025 [8]

Core Insights - The article emphasizes the significance of characteristic towns in China's new urbanization and rural revitalization, highlighting their role as a vital node for economic development and cultural preservation [1][2][18] - The success of towns like Shenhou, which integrates traditional culture with modern economic practices, showcases the potential for high-quality economic growth through cultural heritage [1][2][6] Summary by Sections Characteristic Towns Development - The first batch of characteristic towns was announced in October 2016, with Shenhou Ancient Town being one of the 127 towns listed, marking a significant step in promoting new urbanization and rural revitalization [2] - Over the past nine years, the construction of characteristic towns has achieved remarkable results, with Shenhou Ancient Town exemplifying the integration of cultural tourism and economic development [2][3] Shenhou's Unique Cultural Heritage - Shenhou's unique Jun porcelain culture, known for its artistic value and distinct production techniques, sets it apart from other porcelain towns like Jingdezhen [3][4] - The town has developed a strong industrial base with over 300 related enterprises, including 228 registered Jun porcelain companies, indicating a trend towards industrialization and scale [5][11] Technological Innovations in Porcelain Production - Innovations in kiln technology, such as the development of liquefied gas kilns, have significantly improved the production success rate of Jun porcelain, transforming the industry [4][7] - The introduction of new glaze colors and techniques has further enhanced the artistic and commercial value of Jun porcelain, allowing for a broader market appeal [4][7] Cultural Tourism and Economic Impact - Shenhou Ancient Town has become a cultural tourism hub, attracting 2.07 billion yuan in tourism revenue in 2024, with 2.3 million visitors, showcasing the effectiveness of cultural tourism integration [8][9] - The town's historical preservation efforts, alongside modern infrastructure improvements, have enhanced its appeal as a tourist destination [8][9] Government and Capital Support - The local government has played a crucial role in promoting the town's cultural and tourism initiatives, including hosting events like the Jun Porcelain Cultural Tourism Festival [13] - Innovative financing models, such as PPP and EPC, have facilitated significant investments in infrastructure and development projects, ensuring sustainable growth for the town [13][14][16] Future Prospects - The article suggests that characteristic towns like Shenhou will continue to be vital for economic growth, cultural preservation, and urban-rural integration, with a projected market size of 1.4 trillion yuan by 2025 [17][18] - The ongoing development of diverse financing channels and innovative business models will further enhance the economic viability of these towns [14][15][16]

神垕的底色，是四千年未熄的窑火。可若只靠"老古董"吸引游客，古镇难免陷入"走马观花"的境遇，这 曾是许多特色小镇的共性课题：有文化却无活力，有历史却无产业，游客来了拍张照就走，留不下消 费，带不动发展。 ■苏诗钰 走进神垕古镇，仿佛踏入了一个被时光尘封的瓷器王国。可当青石板路从脚下延伸开来，明清古宅的底 色与直播间的灯光交相辉映，钧瓷窑火的热焰叠加研学团队的笑声，我才真正明白：这座因瓷而生的小 镇，早已跳出"守着历史吃老本"的困局，正以"特色"为笔，在城镇发展与经济增长的画卷上，描绘着令 人惊喜的新纹路。 放到更大的经济发展坐标系里看，神垕的成功，恰恰在于抓住了"不可复制的特色"——四千年钧瓷文化 就是它的核心竞争力。神垕通过"文化赋能产业、产业带动文旅、文旅激活城镇"路径，把"文化资源"变 成了"经济资本"。 离开神垕时，夕阳正照在古镇的窑顶上，如釉色般的霞光里，游客在老街漫步，直播间的话语仍在回 荡，新一批钧瓷正等待出窑。我忽然想起任晓飞说的那句话："传统不是负担，是我们往前走的底 气。"神垕的故事告诉我们，要守住特色、创新表达，让历史与现代对话，让文化与产业共生，才能让 每一座小镇都活出自己的精彩，也让 ...

Core Insights - Chinese enterprises are currently presented with a favorable window for investment in Africa, particularly in Ghana, which offers a stable political environment and supportive policies for foreign investment [1][4]. Company Overview - Senda Group is engaged in the research and production of various products, including ceramics, sanitary ware, household chemicals, personal care items, and hardware, operating 32 factories across 13 countries, with 11 located in Africa [3]. - In Ghana, Senda Group has established 9 factories focusing on products such as tiles, sanitary ware, baby diapers, laundry powder, soap, sanitary napkins, hardware, and cartons [3]. Market Position - The brand Softcare, under Senda Group, ranks first in Africa's baby diaper and sanitary napkin markets with market shares of 20.3% and 15.6%, respectively, based on projected 2024 sales [3]. - In terms of revenue for 2024, Softcare ranks second in the baby diaper and sanitary napkin markets, with market shares of 17.2% and 11.9% [3]. Strategic Importance - The Belt and Road Initiative serves as a crucial foundation for cooperation between Chinese enterprises and Africa, with significant contributions to Africa's economic development over the past decade [4]. - Senda Group's operations have positively impacted local livelihoods and contributed to the industrialization and modernization efforts in Africa, receiving high recognition from the Ghanaian government and its citizens [4].

Core Viewpoint - The overall price index in Linyi Mall decreased to 102.03 points this month, reflecting a month-on-month decline of 0.43% and a year-on-year decline of 0.84% [1] Price Index Summary - Among 14 categories of goods, 7 categories saw price increases while 7 categories experienced declines [3] - The top two categories with price increases were ceramics and board materials, while the top two categories with price declines were steel and household appliances/audio-visual equipment [3] Ceramics Price Index - The ceramics price index rose to 106.35 points, with a month-on-month increase of 0.43 points [5] - Subcategories such as sanitary ceramics, daily ceramics, and building ceramics saw increases of 1.74 points, 0.13 points, and 0.01 points respectively, while craft ceramics remained stable [5] - The demand for ceramics is expected to continue rising due to the upcoming consumption season and infrastructure projects [5] Board Materials Price Index - The board materials price index increased to 95.90 points, with a month-on-month rise of 0.05 points [8] - The increase was driven by a rise in demand as construction projects ramped up and dealers increased their inventory [8] - The production costs for board materials rose due to higher raw material prices, leading to a slight increase in market average selling prices [8] Steel Price Index - The steel price index fell to 95.16 points, reflecting a month-on-month decrease of 2.50 points [11] - All subcategories of steel experienced declines, with structural steel, construction steel, board steel, and pipe steel dropping by 3.42 points, 3.37 points, 2.54 points, and 2.06 points respectively [11] - The steel market faced weak demand due to a sluggish real estate market and insufficient construction activity [11] Household Appliances and Audio-Visual Equipment Price Index - The price index for household appliances and audio-visual equipment decreased to 102.50 points, with a month-on-month decline of 0.67 points [14] - Significant price drops were observed in cooling appliances and fans, while kitchen appliances saw mixed performance [14] - The overall market for household appliances showed a downward trend as demand for cooling products decreased with cooler weather [14] Summary of Price Index Changes - The total price index decreased from 102.47 to 102.03, a drop of 0.44 points [15] - Specific category changes included: - Ceramics: increased from 105.92 to 106.35 [15] - Board materials: increased from 95.85 to 95.90 [15] - Steel: decreased from 97.66 to 95.16 [15] - Household appliances: decreased from 103.17 to 102.50 [15]

Core Insights - The "Foreign Trade Quality Products Enter Scenic Areas" event was successfully held in Weifang, Shandong Province, showcasing over 500 foreign trade products from more than 60 quality foreign trade enterprises [1][3] - The event aimed to integrate commerce and tourism, allowing visitors to shop for high-quality foreign goods while enjoying the scenic area [3] Group 1: Event Overview - The event took place from October 2 to 3 at the Dongmen Square of Yishan Scenic Area, featuring a variety of products including home appliances, cosmetics, crafts, and specialty foods [1][3] - A special exhibition area for foreign trade products was set up in the core area of the 5A scenic spot, highlighting star products exported to Europe, America, Japan, and South Korea [3] Group 2: Visitor Experience - Tourists were able to purchase foreign trade goods that align with international market trends, enhancing their experience of "shopping anytime while touring" [3] - Feedback from visitors indicated a positive reception, with one tourist expressing surprise at the availability of high-quality foreign goods at reasonable prices [3] Group 3: Future Plans - The first "Foreign Trade Quality Products" store opened at Huanlian Night Market, introducing hundreds of quality foreign trade products into the nighttime consumption scene [3] - The Shandong Provincial Department of Commerce plans to continue expanding the integration of commerce and tourism by leveraging more quality scenic resources, including Mount Tai and Qufu [3]

马可波罗控股股份有限公司（以下简称"马可波罗"、"发行人"或"公司"）首次公开发行人民币普通股 （Ａ股）（以下简称"本次发行"）并在主板上市的申请已经深圳证券交易所上市审核委员会审议通过， 并已经中国证券监督管理委员会（以下简称"中国证监会"）同意注册（证监许可〔２０２５〕１７１１ 号）。 本次发行采用向参与战略配售的投资者定向配售（以下简称"战略配售"）、网下向符合条件的投资者询 价配售（以下简称"网下发行"）与网上向持有深圳市场非限售Ａ股股份和非限售存托凭证市值的社会公 众投资者定价发行（以下简称"网上发行"）相结合的方式进行。 发行人和保荐人（主承销商）招商证券股份有限公司（以下简称"保荐人（主承销商）"或"招商证券"） 将通过网下初步询价直接确定发行价格，网下不再进行累计投标询价。 本次公开发行的股票数量为１１，９４９．２０万股，占发行后公司总股本的１０．００％。本次发行 全部为公开发行新股，公司股东不进行公开发售股份。 ２、网上路演网站：全景路演（网址：ｈｔｔｐｓ：／／ｒｓ．ｐ５ｗ．ｎｅｔ）； ３、参加人员：发行人管理层主要成员和保荐人（主承销商）相关人员。 本次发行的招股意向书全文及相关资料可在中 ...