大健云仓 20250520 摘要 • 美国对中国商品加征关税，特别是家具类商品，导致国内库存需求激增， 海运费用上涨，对终端价格和未来利润产生不确定性影响，零售价可能按 2:1 比例上涨（供货源每涨 10 元，零售价涨 5 元）。 • 大健云仓因提前布局东南亚生产基地，受关税影响相对较小，美国采购率 约为 70%。海运长约降低了海运费上涨带来的利润压力，但不断增加的关 税仍是主要影响因素。 • 短期内，新的关税政策刺激了向美国运货的需求，提高了海运报价和服务 收入，但这种状态的可持续性尚不确定，美国市场需求端未见明显加速迹 象。 • 美国家居建材渠道库存周转速度放缓，二手房市场低迷，消费端需求疲软， 零售渠道对此感受明显。海外仓目前未处于去库存状态，发货需求较高， 客户积极在 90 天窗口期内发货。 • 越南制造成本较中国低约 20%-30%，但供应链转移需要时间，无法立即 实现效率对等。转口贸易趋势尚不明显，仅观察到发货量波动。 • 美国海外仓市场去年扩张迅速，导致供给过剩，今年扩张速度放缓但服务 依然充足，仓储容量充足且服务同质化，涨价空间有限。 • 欧洲市场需求增长良好，今年第一季度同比增长约 70%- ...

Meeting Details - The 15th meeting of the 11th Board of Directors of Shenzhen Shengliang Holdings Co., Ltd. was held on May 20, 2025, at 2:40 PM in Shenzhen, with both in-person and remote attendance [1]. - The meeting was chaired by Chairman Wang Zhikai and complied with the relevant provisions of the Company Law and Articles of Association [1]. Resolutions Passed - The Board approved the proposal to sign a lease agreement for the Shenshan Grain Reserve Warehouse (Phase I) with the Shenzhen Development and Reform Commission. The lease is for a period of 5 years [1]. - The average annual rent for the Shenshan Grain Reserve Warehouse (Phase I) is estimated to be approximately 101 million yuan, with a total rent not exceeding 505 million yuan over the five-year period [1]. Voting Results - The resolution regarding the lease agreement received 8 votes in favor, with no votes against or abstentions [1].

证券代码：002314 证券简称：南山控股 深圳市新南山控股（集团）股份有限公司 2024 年度业绩说明会暨投资者关系活动记录表 编号：2025-003 | | | □特定对象调研□分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访业绩说明会 | | | 类别 | □新闻发布会□路演活动 | | | | □现场参观 | | | | □其他 | | | 参与单位名称及 | 南山控股 2024 年度业绩说明会采用网络远程方式进行，面向全体投 | | | 人员姓名 | 资者 | | | 时间 | 2025 年 5 月 20 日 15:00-16:00 | | | 地点 | 深圳证券交易所互动易平台"云访谈"（http://irm.cninfo.com.cn/） | | | | 董事长 舒谦 | | | 上市公司接待人 | 独立董事 余明桂 | | | 员姓名 | 董事、财务总监 兰健锋 | | | | 副总经理、董事会秘书 蒋俊雅 | | | | 本次网上业绩说明会，投资者积极参与和公司之间的交流互 | | | | 动。公司参会嘉宾与投资者互动的主要内容如下： | | | ...

Group 1 - The article emphasizes the importance of "precision" in manufacturing, highlighting that mastering precision is key to technological competitiveness [2][3] - New quality productivity represents a profound transformation from quantitative to qualitative changes, requiring faster speeds and updated fields while focusing on meticulous technological refinement [1][3] - The semiconductor industry showcases advancements in chip technology, with transistor density increasing significantly from 14nm to 3nm processes, demonstrating the industry's push for higher precision [1][2] Group 2 - China is making strides in fine-tuned innovation across various industries, such as the photovoltaic sector, where Longi Green Energy's adoption of diamond wire cutting technology has drastically reduced costs and improved efficiency [3][5] - In the battery industry, CATL implements over 6,800 quality control points in its production process, ensuring rigorous testing and data tracking for each battery cell [3][5] - The logistics sector is also innovating, with Cainiao's automated warehouse in Guangzhou achieving double the storage efficiency and ten times the outbound efficiency compared to traditional warehouses [3][5] Group 3 - The configuration of resources is becoming more refined, as seen in the Suzhou Industrial Park, which integrates education, technology, and talent to enhance new quality productivity [4][5] - The development of new quality productivity is described as a micro-level revolution, emphasizing the need to embed precision into every aspect of industrial innovation to transition from a follower to a leader in global competition [5]

其中，美国普洛斯公司（Prologis）投资64亿欧元在法国建设数据中心和仓库；MSC地中海邮轮（MSC Cruises）向在法国圣纳泽尔（Saint-Nazaire）的造 船厂订购两艘邮轮，造价35亿欧元；美国企业Circ投资 4.5 亿欧元在法建立其第一家世界级纺织化学品回收工厂，预计创造200个就业岗位；美国亚马逊公 司投资3亿欧元以拓展法国业务，主要涉及仓库建设，预计创造1500个就业岗位。 还有一些项目是今年2月法国举办人工智能行动峰会期间宣布1090亿欧元投资的首批具体项目，来自阿拉伯联合酋长国、美国、加拿大等国大型投资基金 及企业。 当天，马克龙与韩国相关企业负责人就人工智能和能源转型举行了圆桌讨论，并接见了中国电动车企比亚迪执行副总裁李柯、墨西哥企业家Carlos Slim和 沙特阿拉伯Qiddiya投资基金负责人。 （文章来源：新华财经） 新华财经巴黎5月19日电（记者李文昕）法国总统马克龙19日宣布，当天在巴黎近郊凡尔赛宫举行的第八届"选择法国"国际商务峰会共吸引投资200亿欧 元，创下该峰会举办以来的新纪录。 法国每年举办一届"选择法国"国际商务峰会，旨在吸引投资、创造就业。今年峰会主题 ...

Core Viewpoint - The article highlights the construction of China's first batch of five 9,000-ton gas membrane grain silos, which represent the fourth generation of new grain storage technology, emphasizing their advanced features and benefits for grain preservation [1][2]. Group 1: New Grain Silos Features - The gas membrane silos are 33 meters tall and have a diameter of 24 meters, each capable of storing approximately 9,000 tons of grain [1]. - The silos feature a unique multi-layer structure that includes a waterproof PVDF membrane, an insulation layer made of polyurethane, and a supporting structure of reinforced concrete, enhancing their airtightness and thermal insulation [2][4]. - The gas membrane silos have an airtightness performance that exceeds national high standards by more than six times and thermal insulation performance that is over three times better than traditional silos [2]. Group 2: Importance of Airtightness and Insulation - Airtightness and thermal insulation are crucial for grain storage as grains respire, consuming oxygen and releasing carbon dioxide, which can lead to nutrient loss if not properly managed [2][3]. - In high-temperature and high-humidity conditions, improper storage can significantly degrade grain quality over time [3]. Group 3: Cost and Safety Considerations - The initial construction cost of gas membrane silos is comparable to traditional silos, but they offer faster construction times, saving on time costs [4]. - The silos have passed fire safety audits due to the incorporation of flame-retardant materials, ensuring safety during operation [4]. - The five gas membrane silos are expected to be completed by the end of the year, adding a total storage capacity of 45,000 tons to the grain reserve [4].

Core Viewpoint - The company, Zhuhai Hengji Daxin International Chemical Storage Co., Ltd., has announced its 2024 annual profit distribution plan, which includes a cash dividend of 0.20 RMB per 10 shares for all shareholders, excluding repurchased shares [1][2][5]. Summary by Sections Equity Distribution Plan - The company will distribute a cash dividend of 0.20 RMB per 10 shares based on a total share count of 403,443,100 shares after excluding 1,556,900 repurchased shares [2][3]. - The total cash dividend amount is calculated to be 8,068,862 RMB [1]. Taxation Details - Different tax rates will apply for individual shareholders based on their holding periods, with specific amounts for different durations outlined [3]. - For shares held for less than one month, a tax of 0.04 RMB per 10 shares will be due; for shares held between one month and one year, the tax will be 0.02 RMB per 10 shares; and no tax will be due for shares held for over one year [3]. Key Dates - The equity registration date for the distribution is set for May 26, 2025, and the ex-dividend date will follow [4]. - Cash dividends will be directly credited to shareholders' accounts on May 27, 2025 [4]. Additional Information - The company assures that the total share capital will remain unchanged during the distribution period, and any changes prior to the distribution will lead to adjustments in the cash dividend total while maintaining the distribution ratio [5].

2025年1—4月份，全国固定资产投资（不含农户）147024亿元，同比增长4.0%（按可 比口径计算，详见附注7）。其中，民间固定资产投资同比增长0.2%。从环比看，4月份固定 资产投资（不含农户）增长0.10%。 第二产业中，工业投资同比增长11.7%。其中，采矿业投资增长6.3%，制造业投资增长 8.8%，电力、热力、燃气及水生产和供应业投资增长25.5%。 第三产业中，基础设施投资（不含电力、热力、燃气及水生产和供应业）同比增长 5.8%。其中，水利管理业投资增长30.7%，水上运输业投资增长26.9%，航空运输业投资增 长13.9%。 分地区看，东部地区投资同比增长1.3%，中部地区投资增长4.8%，西部地区投资增长 5.3%，东北地区投资增长7.6%。 分登记注册类型看，内资企业固定资产投资同比增长3.9%，港澳台企业固定资产投资增 长9.2%，外商企业固定资产投资下降11.4%。 | 指 标 | 同比增长(%) | | --- | --- | | 固定资产投资(不含农户) | 4.0 | | 其中:国有控股 | 6.2 | | 其中:民间投资 | 0.2 | | 按构成分 | | | 建筑安装工 ...

2025年1—4月份，全国固定资产投资（不含农户）147024亿元，同比增长4.0%（按可比口径计算，详见附注7）。其中，民间固定资产投资同比增长0.2%。 从环比看，4月份固定资产投资（不含农户）增长0.10%。 分产业看，第一产业投资2971亿元，同比增长13.2%；第二产业投资51778亿元，增长11.7%；第三产业投资92275亿元，下降0.2%。 第二产业中，工业投资同比增长11.7%。其中，采矿业投资增长6.3%，制造业投资增长8.8%，电力、热力、燃气及水生产和供应业投资增长25.5%。 第三产业中，基础设施投资（不含电力、热力、燃气及水生产和供应业）同比增长5.8%。其中，水利管理业投资增长30.7%，水上运输业投资增长26.9%， 航空运输业投资增长13.9%。 分地区看，东部地区投资同比增长1.3%，中部地区投资增长4.8%，西部地区投资增长5.3%，东北地区投资增长7.6%。 分登记注册类型看，内资企业固定资产投资同比增长3.9%，港澳台企业固定资产投资增长9.2%，外商企业固定资产投资下降11.4%。 2025年1—4月份固定资产投资（不含农户）主要数据 指 标 同比增长（%） 固定资 ...

1 、 《 雷军内部演讲回应SU7事故》摘要 3、 《 纳指 100看跌期权为花旗头号重仓 》摘要 ■ 在第一季度，花旗显著增持英伟达（+48%）、苹果（+62%）和微软（+76%），三家公司合计占 其投资组合近8%。 ■ 这反映出花旗对AI驱动下的科技板块增长前景持强烈看多态度，尤其看好英伟达的芯片主导地位、 微软在云+AI的领先布局，以及苹果在消费科技回暖周期中的恢复潜力。 ■ 沃尔玛管理层表示，即使要牺牲利润率，也会维持相对竞争优势的价格差距，尤其是在核心商品上 维持 比 ■ 除了科技股，花旗亦重仓SPDR黄金ETF的看涨期权（GLD.CALL）和长期美债ETF（TLT）及其看涨 期权，显示其正在对冲或预备应对宏观层面的风险，如通胀反弹、利率变动或地缘冲突。 ■ 这种对黄金和美债的双重配置，说明花旗在进攻（科技成长）之外，亦不放松防守，维持投资组合 的抗压能力。 ■ 最引人注目的是，花旗将纳指100 ETF的看跌期权（QQQ.PUT）大幅加仓超300%，市值高达120亿 美元，占比达6.12%，位列全部资产首位。 ■ 这一操作反映出花旗即使在大幅加仓科技股的同时，也在通过期权明确对冲可能的系统性风险，特 ...