近日，国家发展改革委等七部门联合发布了《关于实施鼓励外商投资企业境内再投资若干措施的通知》 (下称《通知》)，从强化项目服务保障、优化土地要素配置、简化再投资新设企业有关办理流程、便利 外汇资金使用、畅通相关融资渠道、创新金融产品和服务、实施并落实支持政策等方面，多维度促进外 资企业更好地在中国市场持续深耕、长期发展。 一段时间以来，"投资中国，就是投资未来"成为更多外资企业的共识。德国汽车工业协会(中国)首席代 表兼总经理张琳向记者表示，今年一季度，德国汽车工业协会对70家会员企业进行调研，近70%企业明 确表示在2025年及今后会加大对华投资，其中有超过78%的企业重点投资将聚焦在研发领域。 国家发展改革委有关负责人指出，未来将结合当前外资企业再投资时关注的重点领域，研究出台新版 《鼓励外商投资产业目录》，引导外资更多投向先进制造业、现代服务业、高新技术、节能环保等领域 以及中西部和东北地区，形成更大力度吸引和利用外资工作合力。 加大外资企业境内再投资支持力度是当前稳外资的重要方面，年初印发的《2025年稳外资行动方案》就 已明确，将"研究制定鼓励外资企业境内再投资政策措施，促进外资企业在华所获利润更多用 ...

证券简称：广晟有色 证券代码：600259 公告编号：临 2025-036 广晟有色金属股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 广晟有色金属股份有限公司（简称"公司" ）于 2024 年 12 月 30 日 召开 2024 年第四次临时股东会，审议通过了《关于拟注册发行中期票 据和超短期融资券的议案》，经股东会授权，公司向中国银行间市场交 易商协会申请获准注册发行不超过人民币 10 亿元（含 10 亿元）超短期 融资券。 公司已完成广晟有色金属股份有限公司 2025 年度第一期超短期融 资券的起息发行工作，发行金额 4 亿元人民币，募集资金已到达公司指 定账户，现将有关发行情况公告如下： 广晟有色金属股份 超短期融资券 有限公司 2025 年度 超短期融资券 名称 第一期超短期融资 简称 券 超短期融资券 代码 计划发行总额 实际发行总额 (万元) (万元) 发行价 发行利率(% ) 1.78% 100.00 (百元面值) 申购情况 合规申购金额 合规申购家数 14 76,500.00 (万元) 最高申 ...

派斯林数字科技股份有限公司2024 年年度报告 公司代码：600215 公司简称：派斯林 派斯林数字科技股份有限公司 派斯林数字科技股份有限公司2024 年年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、公司全体董事出席董事会会议。 三、中兴财光华会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、公司负责人吴锦华、主管会计工作负责人倪伟勇及会计机构负责人（会计主管人员）丁锋云 声明：保证年度报告中财务报告的真实、准确、完整。 五、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司拟向全体股东每10股派发现金红利0.15元（含税）。截至2024年12月31日，公司总股本 司股东净利润的10.78%。本年度不进行派送红股、不实施资本公积金转增股本。 六、前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、是否存在被控股股东及其他关联方非经营性占用资 ...

Friday, July 18, 2025Pre-market futures are up again as a very eventful trading week winds to a close. The Dow is currently +0.12%, the S&P 500 is +0.09% and the Nasdaq +0.16% at this hour. The small-cap Russell 2000 is shooting to another orbit this morning, +0.52%. It now leads all major indexes for the past week of trading, as it still tries to catch up with the other indexes year to date.Bond yields have remained fairly steady through a thorough barrage of economic reports Q2 earnings releases, and open ...

软件服务 66家，占比约31%，为排队企业最多的行业。 主板上市主导 42宗新股中，主板上市占比超95%。 截至6月30日，仍在递表有效期的公司达211家，其中首次递表企业占比超80%，行业集中在科技、新消费和医药医疗领域。 医疗保健 40家，占比约19%，生物科技公司占比突出。 行业分布 工业制造 31家，占比约15%，涵盖智能制造、物流机器人等领域。 其他行业 包括消费、金融、能源等，分布较为分散。 A股企业赴港热潮 超180家A股企业排队港股IPO，包括立讯精密等"果链三巨头"，以及分拆自A股的科技、医药子公司。 截至2025年6月30日，仍在递表有效期内的公司，详细名单如下（来源公众号，活报告）。 | 25/6/30 | 主板 | | 未曾体 | 华泰金融 | | --- | --- | --- | --- | --- | | 25/6/30 | 主板 | 1 | 软件服务 | 农银国际 | | 25/6/30 | 主板 | 1 | 贵金属 | 摩根士丹利、中信证券 | | 25/6/30 | 主板 | 1 | 工业制造 | 中信证券 | | 25/6/30 | 主板 | 1 | 汽车 | 中信证券、 ...

分析师：许正堃 SAC 执业证书编号： 行情回顾。截至2025年7月17日，申万有色金属行业近两周下跌0.87%，跑输 沪深300指数2.55个百分点，在申万31个行业中排名第30名。截至2025年7月 17日，近两周有色金属行业子板块中，小金属板块上涨6.58%，金属新材料板 块上涨4.28%，能源金属板块上涨0.23%，贵金属板块下跌2.12%，工业金属板 块下跌3.49%。 周 报 有色金属行业重要新闻及观点 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 有色金属行业 标配（维持） 有色金属行业双周报(2025/07/04-2025/07/17) 行 业 业绩预告报喜，催化小金属板块上扬 2025 年 7 月 18 日 投资要点： S0340523120001 电话：0769-23320072 邮箱： xuzhengkun@dgzq.com.cn 资料来源：东莞证券研究所，iFind 申万有色金属行业指数走势 稀土。稀土及磁材企业中报业绩频报喜，其中，北方稀土预计上半年归母净 利润同比增加1882.5 ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share of $2.16, an increase of 12% year-over-year, exceeding expectations [6][20] - Organic sales growth was 1.5%, with all three business groups reporting positive growth for the third consecutive quarter [6][17] - Operating margins increased by 290 basis points year-over-year, driven by productivity and cost controls [6][19] - Free cash flow was solid at $1.3 billion for the quarter, with a conversion rate of 110% [7][21] Business Line Data and Key Metrics Changes - Safety and Industrial organic sales grew by 2.6% in Q2, with six out of seven divisions posting positive results [22] - Transportation and Electronics adjusted sales were up 1% organically, driven by commercial graphics and auto personalization [23] - Consumer business saw a slight increase of 0.3% organically, despite soft consumer sentiment [24] Market Data and Key Metrics Changes - Growth was led by China, which was up mid-single digits, particularly in industrial adhesives and electronics bonding solutions [18] - The U.S. market grew low single digits, driven by Electrical Markets and Personal Safety, but was partially offset by weakness in Auto OEM and Aftermarket [18] - Europe remained flat, with strength in Electrical Markets and Personal Safety, but weakness in Transportation Safety and Auto [18] Company Strategy and Development Direction - The company is focusing on innovation excellence, increasing the cadence of new product launches, with 64 new products launched in Q2, a 70% increase from last year [8][9] - A commitment to operational excellence is evident, with improvements in service, asset utilization, and quality metrics [12][14] - The company is tightening pricing controls and reducing customer churn through predictive analytics [11] Management's Comments on Operating Environment and Future Outlook - Management noted a sluggish global economy, with expectations for organic growth of approximately 2% for the year [16][25] - The company is navigating uncertain times by focusing on customer problem-solving through innovation and efficiency [17] - Management expressed confidence in meeting increased guidance and delivering strong shareholder returns in 2025 [27] Other Important Information - The company returned $3 billion to shareholders through dividends and share repurchases in the first half of the year [15] - A settlement with the State of New Jersey on PFAS claims was announced, with cash payments spread over 25 years [15][71] Q&A Session Summary Question: Can you talk about the new product plan and its impact on margin versus growth? - Management highlighted the importance of R&D and new product innovation, expecting both growth and margin improvements from new products [31][34] Question: What are the sources of operational upside in the footprint versus G&A? - Management indicated that productivity gains are split evenly between G&A and supply chain, with significant cost controls in place [42][44] Question: Can you elaborate on the tariff assumptions and mitigation actions? - Management updated the tariff impact to a gross headwind of $0.20, with mitigation through cost and sourcing changes [106][108] Question: How is the company managing PFAS liabilities? - Management confirmed ongoing discussions with state AGs and emphasized the importance of maintaining cash flexibility while addressing legacy issues [72][75] Question: What is the outlook for the consumer electronics market? - Management noted a softening demand in consumer electronics, with expectations for continued growth but at a slower rate [88]

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $2.16, a 12% increase year-on-year, exceeding expectations [5][19] - Organic sales growth was 1.5%, with all three business groups showing positive growth for the third consecutive quarter [5][16] - Operating margins increased by 290 basis points year-on-year, driven by productivity and cost controls [5][18] - Free cash flow was solid at $1.3 billion for the quarter, with a conversion rate of 110% [5][20] Business Line Data and Key Metrics Changes - Safety and Industrial organic sales grew by 2.6% in Q2, with six out of seven divisions posting positive results [21] - Transportation and Electronics adjusted sales were up 1% organically in Q2, led by commercial graphics and auto personalization [22] - Consumer business saw a slight increase of 0.3% organically in Q2, despite soft consumer sentiment [23] Market Data and Key Metrics Changes - Growth was led by China, which was up mid-single digits, driven by strong commercial execution [17] - The U.S. market grew low single digits, primarily in Electrical Markets and Personal Safety, but faced weakness in Auto OEM and Aftermarket [17] - Europe remained flat, with strength in Electrical Markets and Personal Safety, offset by weakness in Transportation Safety and Auto [17] Company Strategy and Development Direction - The company is focused on innovation excellence, increasing the cadence of new product launches, with 64 new products launched in Q2, a 70% increase from last year [6][7] - A commitment to operational excellence is evident, with improvements in service, asset utilization, and quality metrics [11][13] - The company is tightening pricing controls and reducing customer churn through predictive analytics [10] Management's Comments on Operating Environment and Future Outlook - Management noted a sluggish global economy, with expectations for organic growth of approximately 2% for the year [14][15] - The company is navigating uncertain times by focusing on customer problem-solving through innovation and efficiency [16] - Management expressed confidence in meeting increased guidance and delivering strong shareholder returns in 2025 [27] Other Important Information - The company returned $3 billion to shareholders through dividends and share repurchases in the first half of the year [14] - A settlement with the State of New Jersey on PFAS claims was announced, with cash payments spread over 25 years [14][70] - The company is exiting PFAS manufacturing by the end of the year, addressing legacy issues [72] Q&A Session Summary Question: Can you talk about the new product plan and its impact on margin versus growth? - Management highlighted the importance of R&D and new product innovation, expecting both growth and margin improvements as new products stabilize in the market [31][34] Question: What are the sources of operational upside in the footprint versus G&A? - Management indicated that productivity gains are split evenly between G&A and supply chain, with significant cost controls and procurement savings contributing to overall performance [44][46] Question: Can you elaborate on the tariff assumptions and their impact? - The company updated its tariff impact guidance, now estimating a gross headwind of $0.20, with mitigation actions in place to offset some of the costs [108] Question: How is the demand trend evolving, particularly regarding pre-buy concerns? - Management noted that while there may be some lingering pre-buy effects, overall orders were up low single digits, indicating stable demand trends [117]

7月18日，湖北召开2025年上半年湖北经济运行情况新闻发布会。发布会上，湖北省统计局党组成员、 副局长叶福生介绍，根据地区生产总值统一核算结果，上半年湖北省实现生产总值29642.61亿元，按不 变价格计算，同比增长6.2%。 分产业看，第一产业增加值1914.07亿元，增长3.3%；第二产业增加值11544.28亿元，增长6.4%；第三 产业增加值16184.26亿元，增长6.4%。 "上半年，全省经济保持稳健运行，延续向好态势，交出了一份来之不易的年中答卷。"叶福生表示，经 济增长稳中有升。上半年，全省生产总值同比增长6.2%，比上年同期加快0.4个百分点，高于全国0.9个 百分点，大省领先、中部领跑。 "全省上下围绕投资扩量提质、消费扩容增效、政策扩围加力，在'扩'字上下功夫，让内需成为拉动经 济增长的主动力，化关税冲击之危为内需牵引之机。"叶福生介绍，全省投资稳定增长，消费保持活 跃。全省共有施工项目19250个，增长7.1%；项目投资（扣除房地产开发投资）增长9.8%，高于全国3.2 个百分点。制造业投资增长12.5%，高于全国5.0个百分点。全口径批发、零售业销售额分别增长5.9%、 8.7%， ...

3M(MMM.N)高管：由于美国零售环境疲软，消费领域的需求可能仍然缓慢。 ...