Economic Overview - Jiangxi's GDP reached 1,671.96 billion yuan in the first half of the year, growing by 5.6% year-on-year, marking the third consecutive quarter of outperforming the national average [1][4] - Nanchang, the provincial capital, has not yet caught up with the provincial and national growth rates, experiencing a slowdown in economic growth for over two years [1][4] Industrial Performance - The key to Jiangxi's economic turnaround lies in the second industry, with industrial value-added growth at 6.5%, which is the largest contributor to economic growth [3][4] - Jiangxi's industrial growth is projected to benefit from rising prices in the non-ferrous metals sector and the "1269" action plan, with an expected industrial value-added growth of 8.5% in 2024, surpassing the national average by 2.7 percentage points [4][6] - The non-ferrous metal industry is expected to grow by 22.2%, while electrical machinery, automotive, and electronic information sectors are projected to grow by 18.2%, 13.1%, and 10.6%, respectively [4][6] Nanchang's Industrial Challenges - Nanchang's industrial revenue in 2023 was 664 billion yuan, a decline of 15.7% year-on-year, falling below 2019 levels [10][11] - The city's automotive manufacturing sector has also faced challenges, with revenue dropping significantly from its peak in 2019 [10][11] - Nanchang's industrial growth has been hampered by a transition period, with the city aiming to strengthen its key industrial chains through the "8810" action plan [10][11] Consumer Market Dynamics - Nanchang's retail sales of consumer goods totaled 320.24 billion yuan in 2023, growing by 6.3%, but the growth rate has been lagging behind the provincial average in 2024 [15][18] - The main reason for the slowdown in consumer growth is attributed to the wholesale and retail sectors, with automotive goods showing minimal growth [15][18] - Despite the challenges, Nanchang's tourism sector has thrived, contributing to a 9.2% increase in accommodation and dining revenue in 2024 [18][20] Population Growth and Future Outlook - Nanchang's permanent population increased by 102,200 in 2024, ranking sixth nationally in population growth, indicating a positive outlook for the city's future [20] - The city is recognized for its strategic advantages, including being a major aviation manufacturing base and a high-speed rail hub, which are expected to support its economic recovery [20]

Core Insights - Since the beginning of the 14th Five-Year Plan, Beijing Economic-Technological Development Area (BDA) has achieved an average annual GDP growth rate of 9.6%, surpassing 360 billion yuan, with a remarkable growth rate of 12.3% in the first half of this year, ranking first among national-level economic development zones in terms of growth rate and contributing over 15% to the city's economic growth [1][1][1] Economic Performance - The industrial sector in BDA has shown significant performance, with total industrial output exceeding 600 billion yuan, accounting for 25.8% of the city's total; the area, which occupies only 1.37% of Beijing's land, contributes nearly 40% of the city's industrial added value [1][1] - In the first half of this year, industrial growth in BDA reached 15.6%, with leading industries such as high-end automobiles, integrated circuits, and electronic information all experiencing growth rates exceeding 20% [1][1] Structural Optimization - The industrial structure in BDA is continuously optimizing, with the ratio of secondary to tertiary industries adjusting from 65:35 in 2020 to 59:41 in 2024, indicating a 6 percentage point increase in the service sector's share [1][1] - In the first half of this year, revenue from the information service industry grew by 23.8%, retail and wholesale sales increased by 25.4%, and net income from the financial sector saw a growth of 31.4% [1][1] Investment and Innovation - Fixed asset investment in the region has grown at an average annual rate of over 28%, maintaining a scale of over 100 billion yuan for three consecutive years, with both total industrial investment and growth rate ranking first in the city [1][1] - Corporate R&D investment has increased by an average of 18.8% annually, with total R&D investment consistently ranking second in the city, reflecting strong innovation vitality and growth potential [1][1]

Core Viewpoint - The Jinan High-tech Zone is implementing a strategy focused on industrial development, emphasizing collaboration across various sectors to enhance its competitive edge in key industries such as electronic information, biomedicine, and intelligent equipment [3]. Group 1: Strategic Focus - The High-tech Zone is concentrating on four main areas: goal orientation, project-driven initiatives, resource focus, and enterprise cultivation [3]. - Key industries targeted include servers, modern medicine, power batteries, and high-altitude machinery, with a commitment to expanding electronic information, biomedicine, and intelligent equipment clusters [3]. Group 2: Future Industry Development - The High-tech Zone is actively investing in future industries such as quantum technology, aerospace information, and artificial intelligence to secure a leading position in emerging markets [3]. Group 3: Project Implementation - The Fudi battery project in the High-tech Zone has achieved stable full production, and the newly introduced industrial chain project, Hichuang frequency converter, commenced production in June [3]. - Significant projects like the Little Duck Intelligent Manufacturing Industrial Park are under accelerated construction [3]. Group 4: Future Plans - The High-tech Zone aims to target leading enterprises and establish a project reserve library and resource pool, shifting from a "project-driven" to a "resource-driven" approach [3]. - There is a focus on enhancing the service mechanism between departments and parks, managing projects throughout their lifecycle, and expediting the implementation of nearly 100 signed projects [3].

| 成交量 （万 | 成交金 额 | 成交价 格 | 相对当日 收盘折溢 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | | （万 | | 价 | | | | 股） | 元） | （元） | （%） | | | | 375.00 | 2973.75 | 7.93 | -13.05 | 机构专用 | 平安证券股份有限公司北京市 | | | | | | | 分公司 | | 230.00 | 1823.90 | 7.93 | -13.05 | 机构专用 | 平安证券股份有限公司北京市 | | | | | | | 分公司 | | 200.00 | 1586.00 | 7.93 | -13.05 | 东方证券股份有限公司厦门仙岳路证 | 平安证券股份有限公司北京市 | | | | | | 券营业部 | 分公司 | | 140.00 | 1110.20 | 7.93 | -13.05 | 机构专用 | 平安证券股份有限公司北京市 | | | | | | | 分公司 | | 88.91 | 705.05 | 7.93 | -13.05 | 国海证券股份有限 ...

Group 1 - The core viewpoint emphasizes the strong performance and innovative spirit of private enterprises in Dezhou, showcasing their significant contribution to the local economy [1][10] - In the first seven months of the year, the revenue of private enterprises reached 225.9 billion yuan, accounting for 77% of the city's total revenue, with tax income of 15 billion yuan [1] Group 2 - Dezhou's government has implemented a unique policy support system to empower private enterprises, including the "Twelve Measures for Serving Private Economic Development" and "Twenty-Five Measures for Advanced Manufacturing" [2] - A total of 52 out of 58 issues raised by 68 enterprises in a previous meeting have been resolved, demonstrating effective policy implementation [2] Group 3 - The city has established a "chain leader + chain master + chain service" three-tier promotion system to enhance industrial chain development, which is seen as a key strategy for industrial economic growth [3] - Eleven key industrial chains have been identified, with city leaders taking on leadership roles to ensure effective management and implementation [3] Group 4 - Innovation is identified as the core driving force for the growth of private enterprises, with 932 high-tech enterprises and 1,365 technology-based small and medium-sized enterprises in Dezhou, marking a 41% year-on-year increase [4] - Companies like Shandong Baidu An Medical Devices are leveraging innovation platforms to develop industry-leading technologies [5] Group 5 - Dezhou has created innovative platforms like the "Golden Bridge Salon" to facilitate efficient connections between government, banks, and enterprises, addressing financing challenges [6] - The first event led to a 150 million yuan credit approval for a local enterprise, showcasing the effectiveness of this initiative [6] Group 6 - The local government is actively optimizing the business environment by establishing service teams that visit enterprises to address their needs, ensuring a more efficient service delivery [8] - The establishment of a service team reduced the approval process for a company from 15 days to 7 days, reflecting a commitment to improving operational efficiency [8] Group 7 - Innovative administrative services, such as "cloud live streaming" and "cloud inspections," have improved administrative efficiency by 30%, contributing to a more supportive business environment [9] - The government's commitment to promoting private investment and resolving payment issues for enterprises is a key factor in boosting the confidence of private businesses in Dezhou [9]

数据显示，国泰基金旗下1只基金重仓佳驰科技。国泰金福三个月定期开放混合（010446）一季度持有 股数780股，占基金净值比例为0.04%，位居第八大重仓股。根据测算，今日浮亏损失约3120元。 国泰金福三个月定期开放混合（010446）成立日期2021年1月7日，最新规模1.18亿。今年以来收益 13.64%，同类排名846/8247；近一年收益25.46%，同类排名760/7907；成立以来亏损18.1%。 9月3日，佳驰科技跌5.02%，截至发稿，报75.70元/股，成交8789.59万元，换手率2.93%，总市值302.81 亿元。 资料显示，成都佳驰电子科技股份有限公司位于四川省成都市郫都区成都现代工业港南片区新经济产业 园文明街西段288号，成立日期2008年7月18日，上市日期2024年12月5日，公司主营业务涉及公司围绕 EMMS产业发展的产品主流和技术前沿,坚持自主创新,打破国外技术封锁,实现自主可控,全面覆盖隐身功 能涂层材料、隐身功能结构件,以及电子信息领域电磁兼容材料等在内的产品设计、制造、测试、销售 和服务。主营业务收入构成为：隐身功能涂层材料61.66%，隐身功能结构件35.81% ...

9月2日，佳驰科技跌4.67%，成交额1.80亿元。两融数据显示，当日佳驰科技获融资买入额1169.82万 元，融资偿还1101.09万元，融资净买入68.73万元。截至9月2日，佳驰科技融资融券余额合计1.33亿 元。 融资方面，佳驰科技当日融资买入1169.82万元。当前融资余额1.33亿元，占流通市值的4.34%。 融券方面，佳驰科技9月2日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元。 截至6月30日，佳驰科技股东户数9193.00，较上期减少29.96%；人均流通股4178股，较上期增加 53.56%。2025年1月-6月，佳驰科技实现营业收入2.79亿元，同比减少24.33%；归母净利润1.13亿元，同 比减少46.47%。 分红方面，佳驰科技A股上市后累计派现1.60亿元。 机构持仓方面，截止2025年6月30日，佳驰科技十大流通股东中，富国均衡优选混合（010662）位居第 一大流通股东，持股106.79万股，为新进股东。嘉实竞争力优选混合A（010437）位居第二大流通股 东，持股105.74万股，为新进股东。富国成长 ...

Core Insights - The report titled "2025 White Paper on the Development and Security of Cross-Border E-Commerce Supply Chain Finance in the Greater Bay Area" analyzes the current state, innovative models, technological drivers, and future trends of cross-border e-commerce supply chain finance in the Greater Bay Area [1][2][3] Group 1: Development Background and Strategic Value - The Greater Bay Area is positioned as a core engine for cross-border e-commerce, benefiting from world-class industrial clusters, top-notch port logistics, and a leading technological innovation ecosystem [1][2] - In 2024, Guangdong's cross-border e-commerce import and export value accounted for over one-third of the national total, with the foreign trade scale of nine cities in the Greater Bay Area reaching 8.75 trillion yuan, reflecting a 10.1% growth [1][2][41] Group 2: Supply Chain Finance Market Overview - The global and Chinese supply chain finance markets are expanding, with China's supply chain finance industry exceeding 40 trillion yuan in 2023 [2] - The market has evolved through four stages from offline manual services to digital intelligence, with the Greater Bay Area emerging as an innovative testing ground despite facing challenges such as credit fragmentation and uneven technology application [2] Group 3: Innovative Models and Practices - Traditional supply chain finance models are being upgraded in cross-border e-commerce scenarios, with data replacing collateral in order financing and blockchain reconstructing trust in accounts receivable financing [2][3] - The integration of multiple financing modes and ecological development trends are evident, although challenges like data silos and cross-institutional coordination remain [2] Group 4: Technological Drivers - Financial technology is a core driver, with big data and AI creating dynamic credit profiles and enabling intelligent risk control, while blockchain addresses trust and asset transfer issues [2][3] - Emerging technologies such as privacy computing, generative AI, and digital yuan are expected to guide future developments [2] Group 5: Regulatory and Future Perspectives - The white paper proposes a "RegTech Triad" collaborative network, including a digital identity system, collaborative transaction monitoring center, and intelligent regulatory sandbox [3] - Over the next decade, trends such as autonomous finance, digital twins of supply chains, green finance, and adaptive regulation are anticipated, with the Greater Bay Area aiming to become a global leader in digital trade finance [3]

国信证券股份有限公司 关于深圳市慧为智能科技股份有限公司 根据《证券发行上市保荐业务管理办法》《北京证券交易所股票上市规则》等有关 法律法规、规范性文件等的规定，国信证券股份有限公司（以下简称"国信证券"或" 保荐机构"）作为深圳市慧为智能科技股份有限公司（以下简称"慧为智能"或"公司 "）的保荐机构，负责慧为智能的持续督导工作，并出具2025年半年度持续督导跟踪报 告。 一、持续督导工作概述 场检查的工作要求。 务。 （7）通过公开网络检索、舆情监控等方式关注与公司相关的媒体报道情况。 二、发现的问题及采取的措施 展持续督导工作。 督导职责，具体内容包括： （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； （2）查阅公司财务管理、会计核算和内部审计等内部控制制度，查阅公司 （3）查阅公司与控股股东、实际控制人及其关联方相关交易的相关内部审 议文件、信息披露文件； （4）查阅公司募集资金管理相关制度、募集资金使用信息披露文件和决策 程序文件等； （5）对公司及其控股股东、实际控制人、董事、监事、高级管理人员进行 公开信息查询； （6）查询公司公告的各项承诺并核查承诺履行情况； 公司是享受国家重点 ...

Core Insights - The Shenzhen-Hong Kong-Guangzhou innovation cluster has topped the "Global Innovation Index 2025" ranking, marking a significant milestone for the Guangdong-Hong Kong-Macao Greater Bay Area and showcasing China's growing innovation capabilities on the global stage [1] Group 1: Ranking and Metrics - The ranking evaluates innovation concentration through three core indicators: PCT international patent applications, scientific publications, and venture capital transactions, with the latter being a new addition this year [1] - Over the past five years, the Shenzhen-Hong Kong-Guangzhou cluster had a patent application density of 2,292 per million people, a scientific publication density of 3,775 per million, and a venture capital transaction density of 135 per million [1] - The cluster accounted for 9% of global patent applications and 2.4% of global scientific publications, ranking second and third globally, respectively [1] Group 2: Factors Contributing to Success - The new ranking method incorporates venture capital data, reflecting entrepreneurial activities and innovation financing, which has positively impacted the cluster's overall score [2] - The balanced development across inventors, scientific authors, and venture capital activities indicates strong vitality within the Shenzhen-Hong Kong-Guangzhou cluster [2] - The Greater Bay Area's technological innovation strength is attributed to continuous accumulation and collaboration among its cities, with each city contributing unique strengths [3] Group 3: Financial Support and Infrastructure - The financial support, including venture capital, is crucial for transforming favorable conditions into technological innovation capabilities [4] - By the end of 2024, Shenzhen had over 1,560 venture capital firms managing more than 1.5 trillion yuan, with 90% of funds directed towards technological innovation [4] - The combination of strong industrial foundations and supportive policies creates an ideal innovation chain from basic research to international markets [4] Group 4: Challenges and Future Directions - Despite the achievements, the Greater Bay Area faces challenges, such as insufficient investment in basic research and systemic barriers in collaboration between cities [5] - The innovation intensity ranking for the Shenzhen-Hong Kong-Guangzhou cluster is 45th globally, indicating a need to enhance per capita innovation metrics [5] - Continuous improvement and addressing weaknesses are essential for maintaining competitiveness in technological innovation [5]