Core Insights - Modern service industry is a key driver for high-quality development and a crucial support for new productive forces, shaping new advantages in development [1] - Yandu District is focusing on the dual drive of advanced manufacturing and modern service industries, promoting urban-rural integration and policy innovation to build a modern service system [1][4] Group 1: Urban Economic Development - Yandu District is accelerating the transformation of automotive consumption from "functional" to "experiential," enhancing the "automotive + lifestyle" service ecosystem to invigorate the urban economy [2] - A flagship automotive service center has been established, covering 6,400 square meters, providing seamless customer experiences through services like "appointment test drives" and "home pick-up" [2][3] - The automotive service center has sold over 130 smart new energy vehicles this year, averaging over 40 sales per month [3] Group 2: Service Industry Enhancement - Yandu District emphasizes the importance of urban economic work, focusing on quality and quantity, and aims to enhance the scale and vitality of the service industry [4] - The district is nurturing local service enterprises and has established a cultivation list for service and trade enterprises to support their growth [4][5] - There is a strong push for project attraction, targeting influential enterprises to inject new momentum into high-quality urban economic development [5] Group 3: Infrastructure and Capacity Building - The Yancheng Intelligent Manufacturing Port project, with a total investment of approximately 500 million yuan, aims to create a high-tech, green headquarters park to support the intelligent manufacturing industry [7] - The project will provide comprehensive services for enterprises, including innovation, supply chain, and financial technology support [7] - Yandu District is focusing on optimizing existing commercial spaces and enhancing land招商 to attract quality service enterprises, aiming for a modernized and efficient service industry [8]

Core Viewpoint - The "Quality Return Dual Improvement" initiative launched by the Shenzhen Stock Exchange has been implemented for over a year, with 452 companies participating and focusing on enhancing core business awareness, innovation capabilities, and investor returns [1][2]. Group 1: Company Performance - Companies practicing the "Quality Return Dual Improvement" initiative have shown significant performance growth in 2024, with Changying Precision reporting a revenue of approximately 16.934 billion yuan and a net profit of about 772 million yuan, reflecting increases of 23.28% and 800.24% respectively [1]. - Zhongji Xuchuang achieved a revenue of 23.862 billion yuan and a net profit of approximately 5.171 billion yuan, with year-on-year increases of 122.64% and 137.93% respectively [1]. Group 2: Investor Returns - 452 companies have proposed practical measures to enhance investor returns, including increased cash dividends and share buybacks, with Ningde Times announcing a total cash dividend of 25.372 billion yuan for 2024 and BYD declaring a cash dividend of 12.077 billion yuan [2]. - 132 companies have responded to the new "National Nine Articles" by arranging for quarterly and mid-term dividends, with Ping An Bank implementing a mid-term dividend of 4.774 billion yuan, achieving a payout ratio of 18.4% [2]. Group 3: Market Response - Since the launch of the initiative, 232 companies have conducted share buybacks totaling 32.138 billion yuan, with Kailaiying planning to repurchase shares worth between 600 million and 1.2 billion yuan [2][3]. - Major shareholders and management have shown confidence in future company development through share purchases, with Rongsheng Petrochemical's controlling shareholder increasing holdings by 1.188 billion yuan from January to July 2024 and planning further purchases [3]. Group 4: Market Capitalization - The 452 participating companies represent a total market capitalization of 16.43 trillion yuan, accounting for nearly 50% of the Shenzhen market's total market value, with 334 companies having a market cap exceeding 10 billion yuan [4]. - The market capitalization change of these companies has outperformed the overall Shenzhen market, indicating strong market recognition of the "Quality Return Dual Improvement" concept [4]. Group 5: Innovation and R&D - Companies involved in the initiative have significantly increased their R&D investment as a percentage of revenue, with 18 companies, including iFlytek and Goldwind Technology, winning national science and technology progress awards, representing 45% of the total awarded companies in the Shenzhen market [5]. - The Shenzhen Stock Exchange aims to continue promoting the quality and investment value of listed companies through the "Quality Return Dual Improvement" initiative [5].

证券之星消息，4月28日科德数控(688305)跌6.99%，收盘报74.78元，换手率3.11%，成交量3.16万手， 成交额2.43亿元。该股为智能制造、工业自动化、军民融合、军工、机器人、大飞机、人形机器人、工 业母机概念热股。4月28日的资金流向数据方面，主力资金净流出3170.85万元，占总成交额13.03%，游 资资金净流入636.1万元，占总成交额2.61%，散户资金净流入2534.75万元，占总成交额10.41%。融资 融券方面近5日融资净流入823.39万，融资余额增加；融券净流入426.0，融券余额增加。 重仓科德数控的公募基金请见下表： | 基金筒称 | 基金代码 | 持有股数 | 持仓变动 | 数据来源 | | --- | --- | --- | --- | --- | | 科创板长城 | 506008 | 9.50万股 | 新进十大 | 2025基金01季报 | | 人保行业轮动混合A | 006573 | 1.02万股 | 減せ | 2025基金01季报 | | 建信开元金享6个月持有期债券发起A | 020724 | 0.50万股 | 新进十大 | 2025基金Q1季报 | 科创 ...

具体招聘活动主题和时间安排：5月6日，职引未来——2025年全国城市联合招聘高校毕业生春季专 场；5月9日，综合性人才交流活动；5月13日，职引未来·科技赋能新兴产业专场交流活动；5月16日， 2025年郑州市硕博人才交流活动；5月20日，职引未来——2025年全国城市联合招聘高校毕业生春季专 场；5月23日，综合性人才交流活动；5月27日，职引未来·技能型人才与先进制造业对接会；5月30日， 综合性人才交流活动。 据了解，8场人才交流活动中有5大核心专场，覆盖全类型人才需求。 "职引未来"高校毕业生专场，聚焦应、往届高校毕业生，汇聚教育、科技、服务业等多领域岗位， 提供职业指导、简历优化等配套服务，助力毕业生迈出职场第一步。 综合性人才交流活动，面向全行业开放，涵盖金融、商贸、文旅、建筑等热门领域，岗位层次丰 富，满足不同学历、经验求职者的多元需求。 科技赋能新兴产业专场，聚焦人工智能、大数据、新能源、生物医药等前沿领域，吸引产业链龙头 企业与创新型企业入驻，靶向招引技术研发、产品运营等高端人才，助推郑州新兴产业集群发展。 记者昨日从郑州市人社局获悉，为搭建人才与企业高效对接平台，郑州市人才交流中心将于5月 ...

智能制造典型场景是智能工厂建设的基础，是推进智能制造的基本业务单元。"十四五"以来，工业和信息化部会同相 关部门不断深化场景化推进智能制造发展的路径探索，持续迭代发布《智能制造典型场景参考指引》（以下简称《参 考指引》），总结形成了高价值、标准化、可推广的典型场景。 2025年版《参考指引》基于制造企业探索实践，结合技术创新与融合应用发展趋势，从工厂建设、产品研发、生产管 理、生产作业等8个重点环节，凝练出40个典型场景，并围绕场景业务活动、核心问题、实施路径与应用成效等方面进 行了详细描述。相比2024年版，新版《参考指引》优化了重点环节布局，新增了数字基础设施建设、制造工程优化、 智能经营决策等典型场景，突出了人工智能新技术在典型场景中的融合应用，加强对企业智能化升级的引领。 下一步，工业和信息化部将会同相关部门以《参考指引》为基础，深入实施智能制造工程，统筹推进智能工厂梯度培 育、解决方案创新攻关、标准体系建设优化等重点工作，全力打造智能制造"升级版"，推动智能制造向更大范围拓 展、更深程度渗透、更高水平跃升。 关于印发《智能制造典型场景参考指引（2025年版）》的通知 工信厅通装函〔2025〕155号 ...

Core Insights - Dongkeng Town's economy shows strong growth in Q1, achieving a GDP of 6.5 billion yuan, a 24% increase year-on-year, ranking first in the city [1] Industrial Growth - The industrial economy in Dongkeng has experienced explosive growth, with the total industrial output value reaching 20.64 billion yuan, a year-on-year increase of 46.7% [2] - The added value of industrial enterprises above designated size is 3.63 billion yuan, with a growth rate of 38.6%, both ranking first in the city [2] - Dongkeng has established a "three leading enterprises + billion-yuan enterprise team" cultivation system to enhance innovation and support mid-sized enterprises [2][4] Investment and Projects - Dongkeng has 19 major municipal projects this year, with a total investment of 10.83 billion yuan, covering areas such as intelligent manufacturing and new energy [6] - In Q1, 3.51 billion yuan was invested, accounting for 38.9% of the annual target [6] - The town aims to expedite the completion of key projects and optimize investment structures to enhance technological transformation [8] Consumption and Trade - The total retail sales of consumer goods reached 790 million yuan in Q1, with a year-on-year growth of 6%, ranking fifth in the city [9] - The total import and export volume was 9.79 billion yuan, showing a remarkable year-on-year increase of 111.8%, ranking second in the city [9][11] Strategic Focus - Dongkeng is focusing on key industries such as artificial intelligence, robotics, and new energy, while supporting "specialized, refined, distinctive, and innovative" small and medium-sized enterprises [4][11] - The town is implementing measures to stabilize foreign trade and support leading enterprises in expanding into non-U.S. markets [11]

Core Viewpoint - Guangdong Tosstar Technology Co., Ltd. reported its first loss since 2012, attributing the decline in revenue and net profit to the active contraction of its "project-based" business [2][4]. Business Performance - In 2024, Tosstar achieved revenue of 2.872 billion yuan, a year-on-year decrease of 36.92%, and a net profit of -245 million yuan, down 378.58% [4]. - The company's net profit for the first quarter of 2025 was 4 million yuan, a decline of 87.14% year-on-year, with revenue of 362 million yuan, down 63.83% [4][5]. Business Strategy - Tosstar has initiated a strategic shift to focus on product-based business, specifically in industrial robots, injection molding machines, and CNC machine tools, while reducing the scale of its project-based business [3][7]. - The company plans to further shrink its smart energy and environmental management systems business and gradually divest from related projects [6]. Revenue Breakdown - The smart energy and environmental management systems business saw a revenue decline of over 50% in 2024, significantly impacting overall profitability [4]. - In the first quarter of 2025, revenue from the smart energy and environmental management systems dropped by over 90% [5]. Product Performance - In 2024, Tosstar's industrial robot revenue increased by 12.50%, while CNC machine tool revenue decreased by 11.71% due to production constraints from facility relocation [8]. - The company reported a gross margin increase of 3.30 percentage points for its non-smart energy businesses, with a gross margin of 34.25% [7]. International Market - Despite overall revenue decline, Tosstar's overseas revenue grew by 19.48% in 2024, reaching approximately 601 million yuan, accounting for 20.92% of total revenue [10]. - The company has established new offices and technical centers in Vietnam, Mexico, and Indonesia to enhance service and product support in international markets [10]. Future Outlook - Tosstar anticipates that as its product lines for industrial robots, injection molding machines, and CNC machine tools expand, the proportion of product-based business will increase while project-based business will continue to decline [9].

Group 1: Company Overview and International Expansion - The company has been developing its international layout for nearly ten years, establishing a "big triangle + small triangle" international strategy that is now taking shape and has reached a certain scale [1] - Domestic manufacturing bases, including Xiamen, Zhangzhou, and Shanghai, still have room for further capacity planning [1] - The Malaysian and Hungarian manufacturing bases are fully utilized, with ongoing construction for the third phase in Hungary [2] Group 2: Financial Performance and Capacity Utilization - The company is continuously investing in manufacturing bases in Malaysia and Mexico, which will impact net profit due to depreciation [2] - New capacities are being planned and will be gradually released, ensuring reasonable amortization of depreciation expenses [2] Group 3: Project Development and Market Potential - The company has a diverse project reserve, including air and water purification products, biodegradable packaging materials, and smart medical devices, with significant growth potential expected [2] - The company has established partnerships with several five-star hotels for its BE WTR recyclable glass bottled water, indicating strong market demand [2] Group 4: Automotive Electronics Sector - The revenue growth of the automotive electronics business has slowed due to intense competition and price declines, with expectations for gradual production ramp-up in the second half of the year [3] - The company has a strong technical R&D capability and has expanded its product line from bus systems to passenger vehicles, enhancing its market share [3] Group 5: R&D Investment and Future Outlook - The company plans to maintain its innovation and R&D investment, focusing on core components and new technologies [3] - R&D expenses will be adjusted based on project needs and progress, with an emphasis on cost reduction and efficiency improvement [3]

Core Viewpoint - The "Investment Blue Book: China Investment Development Report (2025)" predicts a continued rise in international gold prices and a potential increase of over 10% in the CSI 300 index, with the Shanghai Composite Index possibly reaching 4000 points by 2025 [1] Group 1: A-Share Market - The report assigns a five-star rating to A-shares, recommending an overweight position due to improving economic conditions and capital market reforms [1] - A-shares are expected to gradually recover from a period of stagnation, driven by enhanced investor confidence [2] - Current A-share valuations are considered low, with expectations for stability around the central level and potential for further increases as market confidence grows [2] Group 2: Investment Ratings - The report provides ratings for various asset classes: A-shares (five stars, overweight), Chinese bonds (three stars, maintain), private equity (four stars, overweight), international gold (four stars, overweight), international oil (three stars, maintain), and the US dollar index (three stars, maintain) [1] - The report emphasizes the importance of focusing on sectors such as new productivity (including semiconductors, smart manufacturing, and AI), consumption, and biomedicine, along with high-dividend sectors [2] Group 3: Gold Prices - The report indicates that central banks' continued purchases of gold are a significant factor driving international gold prices higher [2] - It anticipates that international gold prices will continue to rise in 2025, while also noting potential pressures from high-level fluctuations and adjustments [2] - The report highlights that current gold prices may not be particularly high compared to rising global inflation expectations and increasing demand for safe-haven assets [3]

每经记者 张宏 每经编辑 陈旭 在行业选择方面，报告建议可重点关注新质生产力、消费和生物医药等领域。作为经济高质量发展的新动能，新质生产力将受到更多资金青睐，半导体、智 能制造和人工智能等领域建议重点关注。随着人们对生活质量要求的提升以及我国人口老龄化的加深，生物医药需求有可能出现爆发式的增长。当前生物医 药行业调整比较充分，估值水平比较低，值得期待。此外，高股息板块也值得投资者重点关注。 谈及关税影响，国泰基金研究部研究员王天丰认为，贸易争端短期冲击下，预计4月PMI将回落至50%以下，这可能是一个偏一次性的冲击。 他表示，自4月以来，美国方面加征关税幅度显著超出市场预期。不过，他认为，整体影响会比市场预计的小一些，受影响最大的将是偏高端的、偏品牌的 商品，对义乌小商品不会有太大影响。 会后，王天丰在接受《每日经济新闻》记者现场采访时表示："我认为特朗普关税政策的核心目的是为了贯彻其一揽子经济政策。对美国国内减税是其政策 一环，因此其需要财源，国内来源少了就要增加外部收入。" 房地产方面，中国建投投资研究院高级业务副经理吕梁认为，当前一些城市的住房供给存在一定的空间错配，比如一些人口集聚度不太高的城市也建设 ...