金十数据5月8日讯，华虹半导体(01347.HK)公告，2025年第一季度销售收入5.41亿美元，同比增长 17.6%，环比增长0.3%。毛利率9.2%，同比上升2.8个百分点，环比下降2.2个百分点。母公司拥有人应 占溢利380万美元，上年同期为3180万美元，上季度为亏损2520万美元。预计2025年第二季度销售收入 约5.5亿至5.7亿美元，毛利率约7%至9%。 华虹半导体：2025年第一季度净利润380万美元 ...

英飞凌第二财季营收35.9亿欧元，预估36.1亿欧元。 英飞凌目前预计，受关税影响，2025年的同比增速将略有下降。 英飞凌预计第三财季营收37亿欧元，市场预估38.4亿欧元。 ...

Core Viewpoint - Shenzhen Huangting International Enterprise Co., Ltd. reported a significant decline in revenue for the fiscal year 2024, primarily due to reduced income from the sale of investment properties and a contraction in certain business segments [2][4]. Financial Performance - The company achieved an operating revenue of 658 million yuan, a substantial year-on-year decrease of 43.86% [2]. - The net loss attributable to shareholders narrowed by 43.16% to 640 million yuan, indicating an improvement in loss margins [2]. - Fair value losses on investment properties decreased significantly to 189 million yuan from 338 million yuan in 2023 [4]. - Asset impairment losses fell to 92.27 million yuan, contributing to the reduction in overall losses [4]. Business Segments - Revenue from commercial operation services was 355 million yuan, showing a slight decline of 1.95%, with a maintained gross margin of 90.56% [4]. - Property management service revenue dropped to 229 million yuan, down 21.43%, attributed to fewer managed projects and increased market competition [4]. - Revenue from the power semiconductor business was 72.67 million yuan, reflecting a 43.69% decrease due to industry demand fluctuations and pricing pressures [4]. Strategic Initiatives - The company has initiated a dual business transformation strategy focusing on "semiconductors + commercial management" to address volatility in the real estate sector, though results have been minimal thus far [4]. - Management acknowledged challenges such as market uncertainty and insufficient talent reserves, indicating a need for enhanced cost control and accounts receivable management [5]. Financial Health - Total assets have decreased to 8.033 billion yuan, with net assets at only 358 million yuan, resulting in a high debt ratio of 95.55% [5]. - The company has not distributed profits, prioritizing operational and debt repayment needs [5].

在美国对华加征高额关税的背景下，中国跨境电商企业到美国生产是否成为了一种新的可能？ "中国材料、美国组装，小工厂，大贸易，未必不是一条可选之路。"近期，有自媒体博主宣扬低成本成 为美国本土制造商的新方法，即把尾端组装线搬到美国，引发了很多业内讨论。 在美国创业的华人Shawn说，一些品类在美国做供应链末端的组装、加工，不是新鲜事，已存在多年。 只是今年随着加征关税以及小额包裹关税政策的变动，很多跨境电商从业者才开始注意到。 比如很多POD（Print on Demand，按需印刷）企业在国内低价采购T恤、杯子等，在美国按照消费者需 求印刷文字、图案。但是，POD厂家能在美国扎根，是因为POD生产流程高度成熟，甚至可以全自动生 产，避开了很多短期内难以解决的障碍，包括人工成本高、本土供应链缺失、技术人才稀缺等。 而其他制造业工厂，似乎很难抗住在美国生产的高额成本。2022年，美国发布了《芯片与科学法案》， 鼓励半导体和设备制造企业到美国建厂。据媒体报道，到2024年8月，响应美国投资案的企业中，约 40%的项目已出现进度延误或暂停。 一、人工贵、风险大，美国只能做简单的组装 近期，有在美国的华人自媒体博主在视频 ...

Core Viewpoint - The recent investment of 1.6 billion yuan by Yangyuan Beverage in Changjiang Storage Technology Holdings represents 93% of the company's projected net profit for 2024, indicating a strategic shift towards the semiconductor industry and a commitment to diversifying its business model [2][10][15]. Investment Details - Yangyuan Beverage's subsidiary, Quan Hong Investment, has completed a cash investment of 1.6 billion yuan, acquiring a 0.99% stake in Changjiang Storage, which values the company at over 160 billion yuan [3][9]. - The investment is part of Yangyuan's strategy to explore equity investment as a business operation model, aiming to enhance its investment capabilities and secure shareholder interests [5][15]. - The investment was initially kept confidential for 17 months due to commercial secrecy concerns, highlighting the strategic nature of the deal [5][6]. Changjiang Storage Overview - Changjiang Storage, established in 2016, is a leading player in the domestic storage chip industry, being the only supplier in China to commercialize 3D NAND technology [3][6]. - The company has a diverse product range, including 3D NAND flash memory and embedded storage chips, with applications across various sectors such as mobile communication and data centers [6][10]. Financial Performance - As of September 2024, Changjiang Storage reported a net asset value of 134.736 billion yuan and a net profit of 531 million yuan for 2023, although it faced a loss of 84.21 million yuan in the first three quarters of 2024 due to industry fluctuations [9][10]. - The recent investment by Yangyuan Beverage is significant, as it represents a substantial portion of the company's projected net profit for 2024, indicating a bold move into the semiconductor sector [10][15]. Market Trends - The semiconductor industry is experiencing increased investment activity, with approximately 50 listed companies in China announcing major asset restructuring or investment plans in this sector by December 2024 [17][19]. - The demand for semiconductor products is rising due to advancements in AI, IoT, and 5G technologies, making this sector attractive for cross-industry investments [19]. Investment Challenges - Despite the potential benefits, the semiconductor industry poses challenges such as high technical barriers, rapid technological changes, and significant capital requirements, which could impact the financial stability of companies engaging in cross-industry mergers and acquisitions [19].

Core Viewpoint - Yangyuan Beverage is attempting to refresh its public perception through a significant investment in Changjiang Storage Technology, indicating a strategic shift towards the semiconductor industry [1][2][10]. Investment Details - Yangyuan Beverage's subsidiary, Quan Hong Investment, has invested 1.6 billion yuan in Changjiang Storage, acquiring a 0.99% stake, valuing Changjiang Storage at approximately 161.6 billion yuan [2][3]. - The investment represents over 90% of Yangyuan Beverage's projected net profit for 2024, highlighting the scale of this cross-industry investment [2][6][10]. Company Background - Yangyuan Beverage, known for its walnut beverage "Six Walnuts," has faced declining revenues and profits since 2016, prompting the need for diversification [9][10]. - The company has a history of investments through its subsidiary, Quan Hong Investment, which has engaged in various sectors, although past investments have not yielded expected high returns [7][9]. Changjiang Storage Overview - Changjiang Storage, established in 2016, is a leading player in the domestic storage chip industry, being the only supplier to commercialize 3D NAND technology in China [2][4]. - The company has a diversified business model, including chip design, manufacturing, and solutions, and has seen its net assets reach 134.736 billion yuan as of September 2024 [5][4]. Market Context - The semiconductor industry is experiencing increased investment activity, with many companies entering the sector through mergers and acquisitions, driven by favorable policies and the growing demand for semiconductor products [11][12]. - The investment by Yangyuan Beverage aligns with a broader trend of companies diversifying into the semiconductor space, which is seen as a sector with significant growth potential [11][12].

Core Viewpoint - ST Huami achieved significant growth in revenue and net profit in 2024, but the issue of major shareholder's fund occupation remains unresolved, posing a risk to the company's future development [4][7]. Financial Performance - The company reported total revenue of 2.058 billion yuan, an increase of 18.13% year-on-year [4][5]. - Net profit attributable to shareholders reached 128 million yuan, up 246.45% year-on-year [4][5]. - The net profit excluding non-recurring items was 101 million yuan, reflecting a year-on-year growth of 190.20% [4][5]. Major Shareholder Fund Occupation - The major shareholder's fund occupation amounted to 1.491 billion yuan in 2024, with no substantial repayment progress despite regulatory demands [4][6]. - This issue has negatively impacted the company's cash flow and investor confidence [4][6]. R&D and Product Development - The company increased its investment in R&D, focusing on independent and joint innovation models [5]. - ST Huami utilized simulation design tools such as LEDIT, SILVACO, and ICEPACK to enhance device structure and circuit design [5]. - The company completed the full series development of SiCSBD and SiCMOSFET products and expanded the range and capacity of PM power modules and GaN products [5]. Internal Control and Governance - ST Huami strengthened its internal control framework, aligning with the requirements of regulatory bodies [6]. - The company conducted self-assessments of internal control effectiveness and developed a risk database to identify risk points and control measures [6]. - Despite progress in internal control, the high debt ratio of 46.14% and financial expenses of 19.0537 million yuan present ongoing challenges [6].

美国总统特朗普（资料图） 中美贸易冲突在今年达到顶峰。美国对华综合关税飙升至245%，中国则以125%的关税强硬回应，覆盖从农产品到能源的全品类商品。在这场关税战中， 能源领域的博弈尤为致命。美国作为全球最大LNG出口国，中国市场的突然关闭，令其页岩气产业遭遇重创。得克萨斯州的页岩油企业利润率跌破8%， 库存积压严重，而美国数十亿美元的LNG终端扩建项目更因失去中国买家而前景堪忧。中国迅速转向俄罗斯、澳大利亚等替代供应国。 据环球网报道，赖清德与岛内环境保护团体见面时声称，为处理台美贸易逆差，台湾地区将提高对美采购，包括天然气、石油等必要能源，这是接下来台 美关税谈判的重点，也是台湾强化所谓"能源自主""能源韧性"的重要环节。有关言论很快引起岛内舆论质疑。台湾某生态协会理事长王醒之表示，他认为 不管环保团体是否支持，此举会落实，可想见未来这几年台湾地区将不断抢建、强建、扩建天然气接收站，想必此举将致使岛内碳排量大幅上升。 连日来，随着美国发起的"关税战"持续发酵，让台湾本就脆弱的产业经济再遭"灭顶式"打击。台劳动主管部门负责人在受访时透露，台湾的传统产业首当 其冲，预估受影响劳工超10万人。尽管如此"卖台成瘾 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自skhynix，谢谢。 "我们致力于成为一家全方位面向AI的存储器供应商，这意味着需要构建客户所需的完整产品组 合，并在客户提出需求时实现精准高效地交付。同时，在开发新型HBM产品的过程中，我们将依 据客户的特定需求，提供定制化HBM，以满足客户多样化需求并提供最佳解决方案。" 2 凭借"一个团队（One Team）精神"，达成全球最佳HBM竞争力 尽管崔副社长的日程安排极为繁忙，但近期他却感受到了前所未有的成就感。这是因为SK海力士 在全球范围内率先成功向客户交付了第六代HBM产品——"12层HBM4"样品。 "在开发全新概念产品并实现其商业化的过程中，我们成功开拓了新市场，并与众多客户建立了联 系，积累了丰富的实践经验。尽管所有这些经验都弥足珍贵，但最令我印象最为深刻的是，我们先 于计划推出了12层HBM4的样品，在面向AI的存储器领域，该产品的速度处于全球顶尖水平。" SK海力士成功确立了全球领先的HBM竞争优势。这一卓越成就源于全体成员作为"一个团队（One Team）"的紧密协作，以及持续不断的技术创新。 随着人工智能技术的迅猛发展，作为其核心 ...

Core Viewpoint - The recent increase in tariffs by the United States has significantly impacted Singapore's economy, prompting the government to implement a series of systematic policies to help businesses adapt to the challenges posed by the changing global trade landscape [1] Group 1: Government Initiatives - The Singapore government has established an Economic Resilience Taskforce led by Deputy Prime Minister Gan Kim Yong, which includes ministers from various departments and representatives from the business sector and labor unions [1] - The taskforce has three sub-groups focusing on information sharing, immediate challenges, and long-term strategic planning to enhance resilience and sustainable development in the economy [1] Group 2: Financial Support Measures - New corporate assistance measures have been introduced, including a tax deferral policy allowing businesses to extend tax payment deadlines by 6 to 12 months, alleviating cash flow pressures [2] - A wage subsidy program provides up to 40% of monthly salary costs for key industries affected by tariffs, helping companies like Singapore Airlines maintain operations and avoid large-scale layoffs [2] - The government is also using sovereign wealth funds to support financing guarantees for small and medium-sized enterprises, facilitating access to low-interest loans [2] Group 3: Market Expansion and Cooperation - The government aims to reduce reliance on the U.S. market by hosting international trade fairs, such as the "Asia Trade Connect," attracting over a thousand buyers from countries like China, India, and the Middle East [3] - The food company "Ocean Group" secured a long-term supply agreement with Vietnam's largest supermarket chain, projecting a 37% year-on-year sales increase in Southeast Asia for 2024 [3] - Singapore is accelerating the development of its free trade agreement network, with an upgraded agreement with ASEAN countries expected to reduce average tariffs on electronic products by 7.5%, lowering logistics costs for local semiconductor firms by 15% [3] Group 4: Industry Upgrading and Innovation - The government has established a Digital Transformation Fund to provide financial subsidies and technical support, enhancing production efficiency and product quality for businesses [4] - Companies adopting industrial IoT and AI technologies can receive up to 50% subsidies for equipment purchases, improving their competitiveness in high-end manufacturing [4] - Collaborations between universities and research institutions are being strengthened to promote the commercialization of technological advancements, such as new biomedical materials developed in partnership with Nanyang Technological University [4] Group 5: Policy Service System - Relevant government departments are enhancing tracking and research on U.S. tariff policies, providing timely updates to businesses on policy changes and market dynamics [5] - The Singapore Enterprise Development Agency has launched a "Tariff Intelligence Alert Platform" that uses AI to analyze U.S. tariff changes, issuing over 1,200 risk assessment reports [5] - A 24-hour multilingual consultation hotline has been established, along with expert service teams, to offer tailored solutions and advice to businesses facing tariff-related challenges [5]