- Model Name: Expected High Dividend Portfolio; Model Construction Idea: The model uses a two-stage approach to construct the expected dividend yield indicator. The first stage calculates the dividend yield based on the annual report's profit distribution, and the second stage predicts and calculates the dividend yield using historical dividends and fundamental indicators. Additionally, two short-term factors affecting dividend yield—reversal factor and profitability factor—are used to assist in screening, and the selection is made from the CSI 300 constituent stocks to construct the expected high dividend portfolio. The portfolio holds 30 stocks each period and rebalances monthly[3][8] - Model Construction Process: 1. Exclude suspended and limit-up stocks from the CSI 300 constituent stocks to form the candidate stock pool[13] 2. Exclude the top 20% of stocks with the highest short-term momentum (i.e., the top 20% of stocks with the highest 21-day cumulative gains) from the stock pool[13] 3. Exclude stocks with declining profitability (i.e., stocks with a negative year-on-year growth rate of quarterly net profit)[13] 4. Rank the remaining stocks in the stock pool by expected dividend yield and select the top 30 stocks with the highest expected dividend yield to construct the portfolio equally weighted[9] - Model Evaluation: The model's historical performance is outstanding, with a cumulative return of 358.90% and a cumulative excess return of 107.44% relative to the CSI 300 Total Return Index. The annualized excess return is 8.87%, with a maximum rolling one-year drawdown of only 12.26% and a monthly excess win rate of 60.19%[11] Model Backtest Results - Expected High Dividend Portfolio, average return in September 2025: -5.35%, underperformed the CSI 300 Index by 8.09% and the CSI Dividend Index by 3.87%[3][14] - Best performing stocks in September 2025: CITIC Special Steel (3.81%), Yutong Bus (-0.35%), Industrial and Commercial Bank of China (-1.75%), Shuanghui Development (-1.90%)[15] Factor Construction and Evaluation - Factor Name: Expected Dividend Yield Factor; Factor Construction Idea: The factor is constructed by predicting dividend distribution using the method of dividend distribution combined with fundamental indicators. Two short-term factors affecting dividend yield—reversal factor and profitability factor—are used to assist in screening[14] - Factor Construction Process: 1. Calculate the dividend yield based on the annual report's profit distribution[8] 2. Predict and calculate the dividend yield using historical dividends and fundamental indicators[8] - Factor Evaluation: The factor is used to assist in screening and constructing the expected high dividend portfolio, which has shown outstanding historical performance[3][8] Factor Backtest Results - Expected Dividend Yield Factor, average return in September 2025: -5.35%, underperformed the CSI 300 Index by 8.09% and the CSI Dividend Index by 3.87%[3][14]

Group 1 - A total of 106 stocks reached historical highs from October 9 to 10, with 918 stocks achieving this milestone since the beginning of the year, compared to 82 stocks during the same period last year [1] - The non-newly listed stocks (those listed within the last year) accounted for the majority of the stocks reaching historical highs [1] - The metals sector, particularly non-ferrous metals, has shown strong performance, with leading stocks frequently hitting historical highs [4] Group 2 - Zijin Mining has reached historical highs 16 times in the last 30 trading days, with its stock price at 31.3 CNY per share and a total market capitalization of 831.88 billion CNY as of October 13 [4] - Other notable companies in the non-ferrous metals sector include Xinyi Silver, Luoyang Molybdenum, and Cangge Mining, which have also seen multiple historical highs in the same period [4] - The top stocks by trading volume among those reaching historical highs include ZTE Corporation, SMIC, CATL, Zijin Mining, and Sanhua Intelligent Control, with trading volumes of 476.35 billion CNY, 453.23 billion CNY, 376.73 billion CNY, 305.54 billion CNY, and 261.81 billion CNY respectively [6] Group 3 - The electronics, non-ferrous metals, and machinery equipment sectors have a significant concentration of stocks reaching historical highs, with 32, 14, and 13 stocks respectively [6] - Among the stocks that reached historical highs, 20 have a total market capitalization exceeding 100 billion CNY, with leading companies including CATL, SMIC, Zijin Mining, Luoyang Molybdenum, and Northern Huachuang [6]

Core Insights - Cambodia's international trade total reached $46.99 billion in the first three quarters of 2023, marking a year-on-year increase of 14.8% [1] Trade Performance - Exports amounted to $22.38 billion, reflecting a year-on-year growth of 12.9% [1] - Imports totaled $24.61 billion, showing a year-on-year increase of 16.6% [1] Major Trade Partners - The top three trading partners for Cambodia are China, the United States, and Vietnam, with trade values of $14.2 billion, $9.56 billion, and $6.05 billion respectively [1] Export Composition - Cambodia's export product structure is diverse, including key manufacturing and agricultural sectors such as clothing, leather goods, fur products, travel goods, handbags, and footwear [1] - Other significant exports include grains, rubber, furniture, machinery and electrical equipment, electrical parts, and fruits [1]

天眼查App显示，近日，河北恒途机械设备有限公司成立，法定代表人为王海燕，注册资本600万人民 币，经营范围为一般项目：机械电气设备制造；五金产品制造；农业机械制造；建筑工程用机械制造； 矿山机械制造；金属材料制造；金属加工机械制造；机械零件、零部件加工；机械设备研发；通用设备 制造（不含特种设备制造）。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可项 目：特种设备制造；特种设备设计。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具 体经营项目以相关部门批准文件或许可证件为准）。 ...

天眼查App显示，近日，乐山福佳机械设备有限公司成立，法定代表人为黄嘉豪，注册资本200万人民 币，经营范围为一般项目：机械零件、零部件加工；机械零件、零部件销售；电子、机械设备维护（不 含特种设备）；专用设备制造（不含许可类专业设备制造）；五金产品制造；通用设备制造（不含特种 设备制造）；通用零部件制造；五金产品零售；金属结构制造；金属结构销售；普通机械设备安装服 务；特种设备销售；信息技术咨询服务；技术服务、技术开发、技术咨询、技术交流、技术转让、技术 推广；防腐材料销售；金属制品销售；金属材料销售；劳务服务（不含劳务派遣）。（除依法须经批准 的项目外，凭营业执照依法自主开展经营活动）许可项目：特种设备安装改造修理；建筑劳务分包。 （依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许 可证件为准）（涉及国家规定实施准入特别管理措施的除外）。 ...

特别声明：以上文章内容仅代表作者本人观点，不代表新浪网观点或立场。如有关于作品内容、版权或其它问 题请于作品发表后的30日内与新浪网联系。 牛角梳盖子打孔插入牛角钉，该机器实现自动上下料，盖子厚薄均可 牛角梳盖子打孔插入牛角钉， 该机器实现自动上下料，盖子厚薄均可 牛角梳盖子打孔插入牛角钉，该机器实现自动上下料，盖子厚薄均可。#科技怪界[超话]# ...

天眼查App显示，近日，广州盛川机械设备有限公司成立，注册资本50万人民币，经营范围为五金产品 制造;机械零件、零部件加工;交通及公共管理用金属标牌制造;门窗制造加工;金属切削机床制造;金属切 割及焊接设备制造;通用设备制造（不含特种设备制造）;金属加工机械制造;气压动力机械及元件制造; 液压动力机械及元件制造;金属密封件制造;紧固件制造;模具制造;有色金属铸造;有色金属合金制造;安 全、消防用金属制品制造。 ...

天眼查App显示，近日，昆山楠云机械设备厂（个体工商户）成立，法定代表人为蔡少炜，注册资本2 万人民币，经营范围为一般项目：机械设备销售；五金产品批发；机械零件、零部件销售；数控机床销 售；机床功能部件及附件销售；通用设备修理；技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广；劳务服务（不含劳务派遣）（除依法须经批准的项目外，凭营业执照依法自主开展经营 活动）。 ...

新华社柏林10月8日电（记者车云龙张毅荣）德国联邦统计局8日公布的数据显示，受汽车行业产出大幅 下滑影响，经季节和工作日调整后，德国8月工业产出环比下降4.3%。 数据显示，8月，德国建筑业产出环比增长0.6%，能源业产出下降0.5%。剔除建筑业和能源业后，当月 工业产出环比下降5.6%。其中，作为德国最大工业部门的汽车行业产出环比骤降18.5%，机械设备制造 业和制药业产出分别下降6.2%和10.3%。德国联邦统计局在声明中表示，汽车行业产出大幅下降可能主 要与工厂暑期休假及生产线调整等因素有关。 德国联邦统计局日前公布的数据显示，受汽车等行业需求疲软影响，经季节和工作日调整后，德国8月 工业新订单环比下降0.8%，为连续第四个月下降。其中，国外新订单环比下降4.1%。 （文章来源：新华社） 经工作日调整后，德国8月工业产出同比下降3.9%。 德国联邦经济和能源部8日发表声明说，若剔除汽车行业影响，8月工业产出降幅约减半。未来几个月， 地缘政治及全球贸易政策的高度不确定性仍将对德国工业产出造成压力，而疲弱的海外需求也在8月工 业新订单数据中有所体现。声明指出，总体来看，德国经济在今年第三季度预计仍将疲软。 ...

Core Insights - In the first eight months of this year, Henan's total import and export value reached a historic high of 550 billion yuan, marking a year-on-year growth of 19.3% [4][5][6] - Henan ranked 4th in the country in terms of growth rate, with exports amounting to 364.3 billion yuan (up 29.3%) and imports at 185.7 billion yuan (up 3.6%) [4][5] Trade Performance - The Zhengzhou Airport saw significant increases in imports, with fruit imports exceeding 3,300 tons (up 120%) and ice-fresh aquatic products surging over 18 times [3] - The number of foreign trade enterprises in Henan reached 12,800, a year-on-year increase of 10.8% [4] Export Highlights - Yutong Bus delivered 723 custom buses to Morocco, marking the largest single order for Chinese buses in Africa [4] - High-tech product exports reached 154.3 billion yuan, growing by 47.7% and accounting for 42.3% of total exports [9] Market Diversification - Henan's trade with ASEAN countries grew by 8.8%, while trade with the EU increased by 27.9% [8] - The province's exports to RCEP countries rose by 22.7%, and to BRICS nations by 37.4% [8] Infrastructure and Policy Support - Henan has established five comprehensive bonded zones, enhancing its trade capabilities [10] - The province's transportation network includes 6,810 kilometers of railways and 8,962 kilometers of highways, facilitating trade [12] Future Outlook - The Zhengzhou Airport management plans to create a new service ecosystem for export-oriented enterprises [11] - Recent investment trade fairs in Zhengzhou resulted in 268 cooperation projects worth 219.6 billion yuan, focusing on advanced manufacturing and strategic emerging industries [12]