Group 1 - Wang Rui resigned from his position as fund manager for several funds at Zhongyin Fund due to personal reasons, effective April 24, 2025 [1][2] - Wang Rui has been with Zhongyin Fund since 2018 and previously held positions at Huabao Xingye Fund and Jiao Yin Schroder Fund [1] - The best-performing fund under Wang Rui's management is the Zhongyin New Economy Flexible Mixed A Fund, which has a return of 88.66% since its inception [1] Group 2 - The Zhongyin Xingli Steady Return Flexible Allocation Mixed Fund has experienced the largest net value drawdown of 23.07% since its establishment in November 2021 [1][3] - As of April 25, 2025, the fund's unit net value is 0.7693, with a year-to-date return of 9.14% and a three-year return of -20.61% [3] - The fund's asset allocation as of the first quarter of 2025 includes 74.21% in stocks and 6.20% in bonds, with significant holdings in companies like Guotai Junan and CITIC Securities [3]

Group 1: Hanbell Precise Machinery - The company expects a revenue of 3.674 billion yuan in 2024, a decrease of 4.62% year-on-year, and a net profit of 863 million yuan, down 0.28% [1] - In Q1 2025, revenue is projected to be 606 million yuan, a decline of 19.09%, with a net profit of 118 million yuan, down 19.58% [1] - The main business includes compressors and vacuum pumps, with applications in various fields such as commercial air conditioning and food cold chain [1] Group 2: Zhongke Lanyun - In Q1 2025, net profit decreased by 18.21% due to a 53.59% increase in R&D investment [2] - The company is expanding its product lines to ten categories, including Bluetooth headset chips and smart speaker chips [2] - The impact of U.S. tariff policies on the company's overall business is minimal [2] Group 3: Jinhaitong - In Q1 2025, the company achieved a revenue of 129 million yuan, a year-on-year increase of 45.21%, and a net profit of 25.66 million yuan, up 72.29% [3] - The growth is attributed to the recovery in demand for semiconductor packaging and testing equipment [3] - The company plans to enhance operational efficiency and focus on testing machines with more applications [3] Group 4: Huaxiang Co., Ltd. - In 2024, the company reported a core business sales volume of 451,000 tons, a year-on-year increase of 23.7%, and an overall revenue of 3.83 billion yuan, up 17.3% [4] - The net profit margin was 11.8%, with a net profit of 470 million yuan, an increase of 20.9% [4] - In Q1 2025, revenue continued to grow to 980 million yuan, a 3.5% increase, with a net profit margin of 13.2% [4]

也许你认识她。隔壁车间的大姐，总是第一个到岗，仔细巡检设备，认真记录数据，生怕错过任何一个 细节，数十年如一日。 也许你了解他。平凡的工作经历中，写满对脚踏实地的认知、坚持到底的体会、不断学习的感悟，这些 质朴的思考，也曾触动你探寻人生的意义。 也许你就是他。岁月飞逝，褪去了参加工作时的青涩懵懂，你从一名新手成长为技术骨干，但对理想的 坚持没有改变，对工作的热情始终如一。 "爱岗敬业、争创一流"是他们奋斗的底色，"艰苦奋斗、勇于创新"是他们不变的情怀，"淡泊名利、甘 于奉献"是他们动人的品格，他们有着一个共同的名字——劳动模范。 4月28日，庆祝中华全国总工会成立100周年暨全国劳动模范和先进工作者表彰大会在北京人民大会堂隆 重举行，河南省共有100名全国劳动模范和先进工作者受到表彰。 当鲜花、掌声和闪光灯迎向他们，我们看到了结实的双手、质朴的脸庞、自信的眼神，更见证了在平凡 岗位上，用点滴汗水浇灌出的"劳动之花"，让人生绽放出动人光芒。 执着 数载春秋守初心 蹬上导电鞋，套上屏蔽服，戴好屏蔽手套，全国劳动模范、国网河南省电力公司超高压公司输电运检部 五级职员陶留海乘坐电动升降装置爬上距地面70米的高空，为超 ...

在杨浦，上海精智实业股份有限公司的创业及发展历程，就对此做出了论证。创业的19年，上海精智总 部办公地点共搬过4个地方，始终未离开杨浦。每一次的搬迁，见证着企业的成长。从来图加工、模具 夹具等纯机械化产品，到自动化、机电一体化产品的转型升级，从硬件为主到人工智能渗透多应用场 景，从"多"走向"专"和"精"，上海精智走出了自己的创新发展之路。而这背后，也离不开上海税务部门 的支持。2013年，上海精智被认定为高新技术企业，开始享受研发费用加计扣除的税收优惠及相关税收 补贴政策。"鼓励我们做更多的创新探索，对企业来说，相当于实打实的资金支持。"4月28日，在税收 宣传月——江河湖海话税收主题活动中，上海精智党支部副书记、政工组织中心总监周杰文告诉记者。 (智通财经) ...

Financial Data and Key Metrics Changes - The company reported revenue of $2.3 billion for Q1 2025, a decrease of $231 million or 9% from the same quarter last year, primarily due to softer market conditions for access equipment in North America [21][22] - Adjusted operating income was $192 million, representing an operating margin of 8.3%, down from the prior year due to lower sales volume and higher operating expenses [21][22] - Adjusted EPS was $1.92, in line with expectations of approximately $2 per share [21][22] Business Line Data and Key Metrics Changes - The Access segment achieved an adjusted operating margin of 11.3% despite lower sales, with a backlog of $1.8 billion [12][21] - The Vocational segment saw strong year-over-year revenue growth of 12%, with an adjusted operating income margin of nearly 15% [14][15] - The Defense segment is ramping up production for the NGDV program, with expectations for strong revenue growth in the latter half of 2025 [18][19] Market Data and Key Metrics Changes - The backlog for the Access segment remained strong at $1.8 billion, indicating healthy demand despite market conditions [12][54] - The Vocational segment's backlog is robust at $6.3 billion, providing excellent visibility for future revenue [15] - The company noted that while demand in the access equipment segment is strong, there is weakness in the private non-residential construction markets due to high interest rates [70] Company Strategy and Development Direction - The company is focused on mitigating tariff impacts through a proactive global supply chain strategy and localizing production where necessary [10][11] - Continued investment in technology and innovation is emphasized, particularly in the refuse and recycling market, to drive productivity and meet customer needs [14][75] - The company is exploring M&A opportunities but prioritizes mitigating tariff impacts and returning capital to shareholders in the current environment [62][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance trajectory across all segments, despite near-term volatility from tariffs [10][26] - The company anticipates that the direct impact of tariffs could be about $1 per share, with efforts to mitigate this impact potentially offsetting up to $0.50 per share [24][88] - Customer sentiment remains balanced, with a healthy backlog and no significant defleeting observed in the market [55] Other Important Information - The company has entered into a new $500 million term loan to provide additional liquidity, which will be used to reduce the balance on its revolving credit facility [22] - Share repurchases totaled nearly 290,000 shares for $29 million during the quarter, benefiting adjusted EPS [22] Q&A Session Summary Question: How is the company addressing tariff impacts? - Management aims to minimize the impact on customers and has identified key areas for mitigation, focusing on targeted countries [31][32] Question: What are the cost headwinds related to tariffs? - The Access segment is most affected due to its global supply chain, particularly from China and Europe [40][41] Question: How will the defense segment's revenue ramp up? - The company expects to exit the year at a full production run rate of 16,000 to 20,000 units for the NGDV program, with margins expected to improve sequentially [43][44] Question: What is the sentiment among customers regarding tariffs? - Customers maintain a balanced view, with a healthy backlog indicating continued demand [55] Question: How is the company managing capital deployment? - The focus is on mitigating tariffs while also exploring M&A opportunities in healthy segments [62][64]

转自：青岛财经日报 今年4月26日是第25个世界知识产权日，其主题为"知识产权和音乐：感受知识产权的节拍"。近日，青 岛市中级人民法院召开新闻发布会，通报青岛法院知识产权案件审判、多元解纷和执行工作情况，并发 布2024年十大知识产权典型案例。 青岛法院审结知识产权案件6726件 青岛法院切实增强保护知识产权就是保护创新的责任感、使命感，紧紧围绕青岛市委决策部署，"立审 执"全流程加强知识产权司法保护，为新质生产力加快发展提供有力司法服务和保障。2024年，青岛两 级法院共受理知识产权民事、刑事、行政案件6981件，审结6726件。青岛知识产权法庭受理1082件，审 结1027件，其中专利案件321件，同比上升8.47%。 青岛法院审理了全国首起涉游戏软件编辑器著作权侵权案、首起家电测评博主商业诋毁案，甜瓜品 种"博洋9"、大豆品种"齐黄34"品种权侵权案等多起案件入选人民法院种业知识产权司法保护典型案 例、山东法院知识产权惩罚性赔偿、农业知识产权司法保护典型案例。深化机制保障支撑，强化半岛创 新一体化保护。打造"智能3D证据管理系统"升级版本，建立"法官+技术专家"联动保全模式，发挥六个 跨域地区巡回审判的 ...

Core Viewpoint - The executive compensation structure of Weilon Co., Ltd. has drawn attention as it reflects the company's governance and performance alignment, with the highest salary reaching 1.57 million yuan and a net profit growth of 11.56% [2][6] Compensation Structure - The total compensation for 11 directors and executives amounts to 7.30 million yuan, with an average salary of 667,600 yuan and a median salary of 725,300 yuan [2][6] - The chairman and non-independent director, Fan Qingwei, earns the highest salary of 1.57 million yuan, which includes allowances, performance bonuses, and stock incentives, with a shareholding ratio of 45.6% [4][6] - The salary gap between key positions reflects a "key position high incentive" principle, with the marketing director earning the lowest at 460,900 yuan [4][5] Performance and Salary Correlation - The average age of the executive team is 49 years, with a positive correlation between salary levels and years of experience [5][6] - The total executive compensation increased from 6.70 million yuan in 2022 to 7.30 million yuan in 2024, an increase of 601,800 yuan, which is lower than the compound growth rate of net profit at 11.56% [7] - Performance-based compensation has risen to 40%, linking executive earnings to long-term performance goals [7] Financial Performance - Weilon Co., Ltd. reported a revenue of 578 million yuan, a year-on-year increase of 1.45%, and a net profit of 131 million yuan, a growth of 11.56% [6][8] - The basic earnings per share reached 0.61 yuan, reflecting a 15.09% increase year-on-year [6] Industry Context - The average executive compensation at Weilon Co., Ltd. is positioned in the middle of the manufacturing sector, with competitors like Fangzheng Valve and Chao Da Valve having average salaries of 550,000 yuan and 480,000 yuan, respectively [7] - The company faces challenges in balancing cost control and talent retention, with a turnover rate of 18.7% among R&D personnel, higher than the industry average of 15% [8] Strategic Outlook - The company emphasizes internal growth over capital operations, as indicated by the stable stock price increase of 2.14% from 9.49 yuan to 9.69 yuan [8] - The chairman's recent stock purchase reflects confidence in long-term value, with over 30% of his compensation linked to stock incentives [8]

不久前，河南一季度GDP公布，同比增长5.9%，高于全国0.5个百分点，开局可谓良好，成绩殊为不易。 当前，面对外部压力加大、内部困难增多，特别是中美关税战持续升级等诸多挑战，河南如何保持良好发展 态势，"接二连三"、圆满完成全年经济发展目标任务？4月29日召开的全省奋战二季度确保"双过半"动员部署 会，给出了清晰路径和务实举措。 来之不易的5.9% 一季度以什么样的姿态起步，事关全年经济发展，也展现出经济大省勇挑大梁的责任担当。新出炉的河南经 济"一季报"，让人眼前一亮。 一季度是发展风向标，二季度是承上启下的关键期。保持好态势，并在此基础上"接二连三"，河南有足够的 底气。 融入大市场。4月25日召开的中央政治局会议提出加快全国统一大市场建设，河南作为经济大省、人口大省， 最突出最有引领性的是市场规模大的优势。我省正努力建设全国统一大市场循环枢纽，打造国内国际市场双 循环支点，将更好集聚要素、配置资源、提升效率、推动发展。 构建大交通。地处中原腹地，河南是全国重要的综合交通枢纽和物流中心，便捷的交通网络和完善的物流体 系，不断提升对内对外开放能级，使得河南能够快速拓展国内外市场，降低物流成本，提高市场竞争 ...

Group 1 - The importance of enhancing the quality of laborers is emphasized as crucial for national and ethnic development, aiming to build a knowledgeable, skilled, and innovative workforce to support high-quality development [2] - The manufacturing industry is highlighted as a key area where skilled labor plays a vital role in transformation and upgrading, with workers expressing commitment to improving their skills and contributing to national manufacturing [3] - The significance of respecting labor, knowledge, talent, and creativity is underscored as essential for advancing socialism with Chinese characteristics [4] Group 2 - The 100th anniversary of the All-China Federation of Trade Unions is marked by a call to focus on worker-centered initiatives, enhancing services for workers, and addressing their urgent needs [5] - The role of trade unions in maintaining harmonious labor relations is stressed, with a focus on protecting workers' rights and interests, as well as providing legal assistance [6]

Group 1 - The National Taxation Bureau of Liu'an City is focusing on "compliance operation and honest taxation" to support enterprises through innovative services and policy implementation [1][7] - The bureau has provided targeted tax benefits and services to companies like Yadi Motorcycle and Gern Semiconductor, enhancing their operational capabilities and innovation [2][4][7] Group 2 - Yadi Motorcycle has benefited from tax reductions totaling over 40 million yuan and has received timely refunds, which have facilitated a significant expansion project worth 120 million yuan [2][3] - Gern Semiconductor has achieved a tax burden reduction of 5%-8% through various tax incentives, allowing them to invest savings back into research and development [4][6] Group 3 - Liu'an Yongda Machinery has received over 1.4 million yuan in R&D tax deductions and has seen a 72% increase in export revenue, demonstrating the effectiveness of tax incentives in driving growth [5][6] - The Liu'an Tax Bureau is committed to continuous improvement in service delivery, ensuring that enterprises can navigate tax regulations effectively and maintain high credit ratings [6][7]