Core Points - Amazon Web Services announced the establishment of the Greater Bay Area Industry Digital Empowerment Center in collaboration with the Nanshan District government, marking its sixth center in China and the only one in the Greater Bay Area, aimed at providing high-quality technology and solutions for local enterprises [1] - The Go Global center is designed to serve both domestic companies looking to expand internationally and foreign enterprises seeking to enter the Chinese market, facilitating a comprehensive international service platform [1][3] Group 1: Go Global Center - The Go Global center aims to lower the "psychological threshold" for companies venturing into unfamiliar global markets by offering customized solutions based on real needs [3] - The center has formed a service team that proactively addresses the challenges faced by companies in their international expansion efforts [3] - The center provides extensive support to companies like Di Shang Tie, which operates over 170,000 electric logistics vehicles across more than 200 cities in China, helping them navigate potential risks in international partnerships [4][6] Group 2: Case Studies of Companies - Di Shang Tie has expressed that the center's expert team has significantly boosted their confidence in international expansion by providing comprehensive reports on potential overseas partners [4] - Companies like Rayman Optoelectronics and Ruivode have successfully expanded globally, with Rayman participating in high-profile events like the 2022 Beijing Winter Olympics and Ruivode engaging in over 300 international exhibitions in 2024 [5][10] - The center has provided tailored support to Ruivode in overcoming challenges in entering the Dutch market, including assistance with talent recruitment and establishing distribution channels [10] Group 3: Service Offerings - The Go Global center operates on a model that integrates government guidance, enterprise collaboration, and platform services, creating a market-oriented international service "joint fleet" [11] - The center has partnered with renowned service providers like Dun & Bradstreet for consulting services, offering access to a vast database of global enterprises [13] - The center aims to enhance the international business environment in Nanshan District, promoting two-way interaction between domestic and foreign enterprises to drive high-quality economic development [14]

Company Overview - Shanghai Youningwei Biotechnology Co., Ltd. introduced its basic situation and 2024 operational performance during the investor relations activity [2]. Impact of Tariff Policies - The impact of increased tariffs on exports is minimal due to the low export ratio; however, it affects imports from the U.S. and promotes the development of the company's own brand [2]. Business Strategy for 2024 - The company will focus on a one-stop platform strategy and antibody strategy, increasing investment in R&D, promoting its own brand, and enhancing operational efficiency through information technology [2]. R&D Investment - In 2024, R&D investment reached CNY 62.77 million, a year-on-year increase of 7.10%, with R&D expenditure accounting for 5.62% of revenue [3]. Product Development - The company has significantly increased its product offerings, with over 2,900 products developed at the Nanjing Protein R&D Center and a nearly 30% year-on-year growth in revenue from its own brand in 2024 [3]. Share Buyback Program - In 2024, the company initiated a share buyback plan, utilizing CNY 25,987,076 to repurchase shares for employee stock ownership plans, aiming to enhance investor confidence and promote sustainable development [3]. Future Market Strategy - The company plans to enrich its product system and enhance both third-party and self-owned brand offerings, leveraging 20 years of experience in life sciences to provide comprehensive solutions to meet diverse customer needs [3].

证券研究报告 医药生物行业生命科学服务系列报告（一） ——海外公司 Bio-Techne & Thermo Fisher 西部证券研发中心 2025年3月14日 分析师 | 李梦园 S0800523010001 邮箱地址 limengyuan@research.xbmail.com.cn 分析师 | 谭雨露 S0800524100004 邮箱地址 tanyulu@research.xbmail.com.cn 核心结论 CONTENTS 目 录 CONTENTS 目 录 02 Thermo Fisher 公司概述 01 Bio-Techne 公司概述 生命科学服务国内相关标的 03 Bio-Techne 公司介绍 3.1 3.6 4.5 5.0 5.6 6.4 7.1 7.4 9.3 11.1 11.4 11.6 5.9 15.2% 26.4% 10.3% 12.8% 14.2% 11.0% 3.5% 26.0% 18.7% 2.8% 2.0% 6.7% 0% 5% 10% 15% 20% 25% 30% 0 2 4 6 8 10 12 14 2013 2015 2017 2019 2021 2023 2025 ...