Core Points - The central report highlights significant air pollution issues in Inner Mongolia's Ulaanbaatar and Shandong's Zibo and Dezhou cities, with inadequate implementation of pollution control measures [1][4] - Ulaanbaatar's industrial parks and mining areas have severe pollution, with PM10 and PM2.5 concentrations ranking at the bottom in the region since 2022 [1] - Zibo and Dezhou, as key cities in the Beijing-Tianjin-Hebei region, have also shown poor air quality rankings, with Dezhou having the highest proportion of heavily polluted days in 2024 [1] Group 1: Ulaanbaatar's Pollution Issues - Ulaanbaatar's coal coking industry has lagged in upgrades, with over 2.2 million tons of illegal coking capacity added since 2021 [1][2] - Companies like Junzheng Chemical have operated coking projects without proper approvals, leading to significant environmental violations [1] - The city has failed to complete the transformation of 10.3 million tons of coking capacity for dry quenching and ultra-low emissions on time [1] Group 2: Zibo and Dezhou's Pollution Problems - Zibo's lime production facilities have malfunctioning pollution control systems, leading to direct emissions of smoke and dust [3] - Dezhou has seen illegal construction of steel production facilities, adding 1.37 million tons of annual capacity without proper approvals [3] - Both cities have been criticized for inadequate emergency response measures during heavy pollution events [3] Group 3: Regulatory Failures - There are serious issues with vehicle emission testing agencies in both cities, with many found to be falsifying inspection results [3] - The report indicates a lack of strict daily supervision and accountability in pollution control efforts across the regions [4] - The inspection team plans to conduct further investigations and follow-up inspections to address these issues [4]

导读： 此次并购重组被视为南华仪器从传统机动车检测向"环保+智能清洁"双赛道跨越的重要一步。在此 次股权转让中，嘉得力也向南华仪器提供了业绩承诺。 嘉得力是一家坚持创新发展的国家级高新技术企业，为工商业领域客户提供整体解决方案，从 数据采集、科学管理等方面，助力客户实现更高效率、更低成本的清洁管理。作为国内商用清 洁设备领域的隐形冠军，嘉得力主营业务涵盖智能洗地机、扫地机等高端清洁设备。经过二十 余年的积累，嘉得力逐渐完成产品向数字化和智能化的迭代，打造出了远程监控与数字化管理 的智能服务体系。 通过物联网终端管理提高客户的生产与管理效率，嘉得力的产品附加值不断提升，产品品类不 断拓宽。其中，大型工商业无人洗地机产品已完成多次迭代更新，陆续在等多个大型物业现场 测试并成功落地。同时，产品内置的污水循环系统，自动控水系统等内置自动化节水功能也已 进入测试阶段，产品降噪、吸水洗地能力等关键产品指标可直接对标国际先进水平。 得益于公司丰富的产品结构以及持续领先的技术水平，嘉得力于2 0 2 3年、2 0 2 4年，分别实现 营业收入1 . 3 3亿元、1 . 2 8亿元，对应归母净利润分别为2 1 9 8 . 5 ...

Group 1 - The central ecological environmental protection inspection highlighted inadequate air pollution prevention efforts in Inner Mongolia's Ulaanbaatar and Shandong's cities such as Zibo and Dezhou, with significant issues in compliance and enforcement [1][2] - Ulaanbaatar's industrial park and mining areas are characterized by widespread resource-based and structural pollution, with PM10 and PM2.5 concentrations ranking at the bottom among 12 leagues in the region since 2022 [1] - The coal coking industry in Ulaanbaatar has lagged in upgrading, with over 2.2 million tons of illegal coking capacity added since 2021, including a 3 million tons/year project by Junzheng Chemical that was not compliant with capacity indicators [1][2] Group 2 - In Shandong, Zibo and Dezhou are identified as key cities for air pollution prevention, with both cities ranking low in air quality indices for 2023 and 2024, and Dezhou having the highest proportion of heavy pollution days in the province for 2024 [2][3] - Numerous enterprises in Zibo and Dezhou have been found to have serious violations in pollution control, including improper operation of pollution control facilities and significant emissions from lime production and casting industries [2][3] - The failure to complete coal-fired boiler elimination tasks and unauthorized construction of steel production facilities in Dezhou has led to the production of over 670,000 tons of crude steel since 2022, indicating a lack of compliance with environmental regulations [3]

Core Insights - The article highlights the increasing air pollution from vehicle emissions in urban areas, emphasizing the need for stricter regulation and oversight of vehicle emission testing institutions in Tianjin's Jinnan District [1] Issues Identified - A special investigation conducted by the Jinnan District Ecological Environment Bureau revealed significant issues among seven vehicle testing institutions, including data falsification and non-compliance with operational standards [2] - Some institutions were found to have manipulated testing data and interfered with equipment to pass non-compliant vehicles, with instances of issuing passing reports for vehicles emitting visible smoke [2] - The methods of data falsification have become more sophisticated, making traditional regulatory approaches ineffective [2] - Common violations included inadequate sampling techniques, improper use of equipment, and arbitrary interruptions of the testing process [3] - Institutions were found to be using inappropriate testing methods to expedite the process and reduce liability, leading to a lack of proper training and understanding of standards among staff [3] - Equipment and technology deficiencies were noted, with outdated devices and inadequate calibration leading to data inaccuracies [3] - Weak regulatory oversight was highlighted, with a significant number of vehicles tested but insufficient professional personnel to manage the complexities of regulation [4] - The existing information monitoring platform lacks comprehensive functionality, making it difficult to analyze testing data effectively [4] - The industry faces severe competition, with institutions engaging in price wars that compromise service quality [4] - Insufficient training and understanding of standards among testing personnel were prevalent, leading to non-compliance with operational procedures [4] Recommendations - The article suggests increasing regulatory and enforcement efforts, including regular inspections and stricter penalties for institutions found to be violating regulations [6] - It advocates for the integration of technology in monitoring, such as real-time data uploads to the monitoring platform and the use of AI for anomaly detection [6] - Strengthening the capabilities of testing institutions is recommended, including standardizing equipment and revising operational procedures to eliminate human interference [7] - Promoting industry self-regulation and public oversight is also suggested, with mechanisms for transparency and community involvement in monitoring [8]

南华仪器(300417)对嘉得力的并购重组再迎新进展。6月13日晚间，南华仪器披露关于深圳证券交易所 重组问询函回复的公告，就交易所提出的问题逐一答复。 作为国内商用清洁设备领域的隐形冠军，嘉得力主营业务涵盖智能洗地机、扫地机等高端清洁设备。经 过二十余年的积累，嘉得力逐渐完成产品向数字化和智能化的迭代，打造出了远程监控与数字化管理的 智能服务体系。 通过物联网终端管理提高客户的生产与管理效率，嘉得力的产品附加值不断提升，产品品类不断拓宽。 其中，大型工商业无人洗地机产品已完成多次迭代更新，陆续在万科等多个大型物业现场测试并成功落 地。同时，产品内置的污水循环系统，自动控水系统等内置自动化节水功能也已进入测试阶段，产品降 噪、吸水洗地能力等关键产品指标可直接对标国际先进水平。 得益于公司丰富的产品结构以及持续领先的技术水平，嘉得力于2023年、2024年，分别实现营业收入 1.33亿元、1.28亿元，对应归母净利润分别为2198.55万元、1766.04万元，且毛利率表现稳定，分别录得 39.53%、38.39%。 南华仪器表示，嘉得力已拥有适应于现有业务体系的管理、业务和研发团队，具备较为完善的业务经营 管 ...

每经记者｜杨建 每经编辑｜彭水萍 ｜2025年6月10日 星期二｜ NO.1 中办、国办：将制定出台商业健康保险创新药品目录 6月9日，中办、国办印发《关于进一步保障和改善民生 着力解决群众急难愁盼的意见》。推进优质医 疗卫生资源共享。推进优质医疗资源扩容下沉和区域均衡布局，优化区域医疗中心建设模式、管理体制 和运行机制。推动建立远程医疗服务网络，推广"分布式检查、集中式诊断"医疗服务模式。完善基本医 疗保险药品目录调整机制，制定出台商业健康保险创新药品目录，更好满足人民群众多层次用药保障需 求。 NO.2 海关总署：今年前5个月美国为我第三大贸易伙伴 海关总署6月9日对外公布，今年前5个月，东盟为我第一大贸易伙伴，我与东盟贸易总值为3.02万亿 元，增长9.1%，占我外贸总值的16.8%。欧盟为我第二大贸易伙伴，我与欧盟贸易总值为2.3万亿元，增 长2.9%，占12.8%。美国为我第三大贸易伙伴，我与美国贸易总值为1.72万亿元，下降8.1%，占9.6%。 其中，对美国出口1.27万亿元，下降8.7%；自美国进口4475.1亿元，下降6.3%。 NO.3 两部门：引导行业进行智能养老服务机器人产品的设计开发 ...

IPO Review and Registration Progress - Three IPO applications were accepted last week, including Senhe High-Tech aiming for the Beijing Stock Exchange to raise 490 million yuan, Yisiwei targeting the Sci-Tech Innovation Board with a planned raise of 1.214 billion yuan, and Zhixin Co. applying for an IPO on the Shanghai Main Board with a target of 1.329 billion yuan [2][3] - Senhe High-Tech specializes in the R&D, production, and sales of environmentally friendly precious metal mining agents, with sales revenue from these agents accounting for over 95% of its main business income during the reporting period [2] - Yisiwei focuses on automotive manufacturing machine vision equipment, holding the largest market shares in China’s automotive manufacturing and complete vehicle manufacturing machine vision markets at 13.7% and 22.5% respectively [3] - Zhixin Co. develops and produces automotive welding parts and related molds, with over 70% of its revenue coming from its top five customers [3] Recent IPO Approvals and Upcoming Listings - Huaxin Precision passed its IPO review on June 6, focusing on precision stamping products, with a projected revenue of 1.421 billion yuan in 2024, a 19.49% increase year-on-year [4] - Three companies are set to undergo IPO reviews this week, including Sanxie Electric, which reported steady revenue growth from 287 million yuan in 2022 to 420 million yuan in 2024 [4][5] - United Power, a subsidiary of Huichuan Technology, achieved a revenue of 16.178 billion yuan in 2024, a 72.74% increase, with over 85% of its revenue derived from electric drive systems [5] - Daoshengtianhe, a wind power industry chain company, reported a revenue of 3.238 billion yuan in 2024, a slight increase of 1.13% [6] New Stock Listings and Subscription Dynamics - Two new stocks were listed last week, Zhongce Rubber and Youyou Green Energy, with the latter seeing a significant first-day increase of 68.64% [9][10] - This week, Jiao Da Tie Fa is scheduled to be listed on June 10, with a projected revenue of 335 million yuan in 2024 [10] - Two new stocks are set for subscription this week, including Huazhi Jie and New Henghui, with planned fundraising of approximately 486 million yuan and 519 million yuan respectively [11] Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) announced plans to support high-quality unprofitable technology companies in going public, emphasizing the importance of information disclosure and market intermediary verification [12] - The China Listed Companies Association released guidelines for audit committees to enhance compliance and governance among listed companies [13]

Core Points - The National Anti-Monopoly Bureau released the "2024 Annual Report on Anti-Monopoly Law Enforcement in China," highlighting the enforcement actions taken against monopolistic practices and market dominance abuse [1][2] Summary by Categories Anti-Monopoly Enforcement - In 2024, 11 cases of monopoly agreements and abuse of market dominance were concluded, with a total penalty of 119 million yuan [2] - The report emphasized ongoing investigations into monopolistic agreements, particularly in the motor vehicle inspection sector, with significant penalties imposed on multiple companies [3] Digital Economy Regulation - The report noted the ongoing normalization of anti-monopoly regulation in the digital economy, with specific focus on Alibaba and Meituan's compliance with rectification measures [4] Operator Concentration Oversight - The average review time for operator concentration cases was reduced to 24.7 days, down by one day from the previous year, with 643 cases processed in total [5][6] - The manufacturing sector accounted for the highest number of concentration cases, with 213 cases, representing 34% of the total [5] Administrative Monopoly - A total of 72 cases of abuse of administrative power to exclude or restrict competition were filed, with 57 cases concluded [8] - The report highlighted efforts to combat local protectionism and market segmentation, with a significant increase in the number of cases filed and concluded compared to the previous year [8] Industry Focus Areas - The anti-monopoly enforcement agency is paying close attention to the cultural entertainment ticketing market, patent database market, and the new energy vehicle charging and swapping industry [9] - The report suggested enhancing market regulation in the new energy vehicle charging sector and addressing issues related to pricing and service standards [10]

6月6日，市场监管总局(国家反垄断局)发布《中国反垄断执法年度报告(2024)》(下称：报告)。 报告指出，2024年，市场监管总局(国家反垄断局)全年办结垄断协议、滥用市场支配地位案件11件，对 1件拒绝、阻碍调查案件作出行政处罚，审结经营者集中案件643件；大力整治地方保护、市场分割突出 问题，立案查处滥用行政权力排除、限制竞争案件72件。从严从快查处机动车检测领域系列垄断协议 案，对46家检测机构依法作出处理，有效降低群众生活成本和经营主体负担。依法对奔驰等5家品牌汽 车供应商、Avanci等开展提醒敦促，公开发布专项行动典型案例，及时防范化解垄断风险。 报告指出，2024年，逐步完善数字经济领域反垄断常态化监管。严格督导阿里巴巴集团高质量完成三年 整改并向社会公开整改情况，充分发挥重大典型案件示范效应。深入评估美团整改进展，要求限期整改 到位。督导知网完成首年整改，推动其解除独家合作、降低学术文献数据库收费标准。查处金融数据领 域第一案宁波森浦滥用市场支配地位案，规范数据市场竞争秩序。 报告指出，2024年，市场监管总局(国家反垄断局)对4起重大交易提出竞争关注，附条件批准日本JX金 属收购拓自达案， ...

【南华仪器披露年报问询回复及经营数据，经营状况持续改善】近日，南华仪器(300417)披露2024年年 报问询函回复及最新经营数据。市场环境复杂，公司聚焦主业、强化创新、推进外延式发展，改善经营 状况。2024年度，公司营收1.24亿元，同比增10.79%；归母净利润1477万元，扭亏为盈。2025年一季 度，营收同比增44.18%，归母净利润同比减亏16.54%。当前我国机动车检测行业发展中，2024年机动 车保有量4.53亿辆，新能源汽车超3140万辆。行业向智能化、多场景检测升级，政策与市场共振释放机 遇。南华仪器依托主业积淀，2024年机动车检测设备及系统销售量同比增41.34%，生产量同比升 46.88%。环保检查下，排放分析仪等产品销售显著。2025年3月《新能源汽车运行安全性能检验规程》 实施，南华仪器前瞻布局新能源检测设备，2024年相关销售额占比上升，政策驱动下订单或释放。市场 人士称，政策整顿优化市场结构，倒逼检测站更新设备，带来业务机会。主业与新能源业务推动下，南 华仪器强化内生增长。优化产品结构，拓展新业务，并购提升研发能力，拟收购布局新型清洁设备赛 道。公司海外市场开拓成效好，报告期 ...