Group 1 - The Hubei Provincial Government aims to attract over 1,000 industrial projects each year with investments exceeding 1 billion yuan by 2027, with a focus on advanced manufacturing projects [1] - The plan emphasizes the role of local "chain master" enterprises in driving the industry chain, establishing a directory of supporting enterprises, and promoting deeper integration into Hubei's industrial and supply chains [1][2] - The strategy includes encouraging regional advantages for vertical integration and horizontal expansion of industry chains, promoting a cluster-style investment approach [1][2] Group 2 - The government will implement a "three-chain" work mechanism involving government leadership, enterprise guidance, and support from research institutions to address key industry challenges and attract core technology investments [2] - The focus will be on the entire project lifecycle, including attracting incubators, financial investment, and talent, to create a comprehensive industrial ecosystem [2] - The plan includes exploring application scenario investments in sectors like health, culture, and smart technology, with a focus on new technology applications and industry cultivation [2] Group 3 - The strategy aims to optimize the use of existing resources, attract venture capital, and develop modern industrial parks that integrate research, education, and industry [3] - The government will promote a diversified approach to land supply and reduce enterprise costs, while establishing specialized funds to support key industrial clusters [3] - The plan includes a "technology + industry + platform" investment model, enhancing the construction of specialized technology parks and supporting high-quality innovation projects [3]

Core Insights - The establishment of the China-Central Asia Trade Facilitation Cooperation Platform at the second China-Central Asia Summit signifies a strategic initiative to enhance trade and cooperation between China and Central Asian countries [1][2] - The Jiangsu Central Asia Center, located in Nanjing, serves as a hub for connecting resources and demands between Jiangsu Province and Central Asian nations, promoting supply chain stability and integrated development of domestic and foreign trade [1][2] Group 1: Trade and Economic Cooperation - The Jiangsu Central Asia Center has been operational for 9 months, focusing on trade cooperation, cultural exchange, and market expansion services for enterprises in Jiangsu and Central Asia [1] - As of April this year, the trade volume between Jiangsu and Central Asian countries reached $1.41 billion, with 106 enterprises established by Central Asian countries in Jiangsu, and actual foreign investment amounting to $7.371 million [4] - Jiangsu has initiated 106 investment projects in Central Asian countries, with a total agreed investment of $830 million [4] Group 2: Business Development and Opportunities - The upgrade of the Jiangsu Central Asia Center to a national strategic platform highlights its role as a key driver for regional trade and economic development [2] - Companies like Tuyue Technology, which previously focused on markets in Europe and South America, are now exploring opportunities in Central Asia, indicating a shift in market focus and potential for growth in this region [2] - The establishment of the Suhao Tong system and the development of a B2B ecosystem for cross-border exports are part of the efforts to support traditional trade enterprises in expanding their operations in Central Asia [3]

策略早餐 主要品种策略早餐 （2025.06.17） 商品期货和期权 养殖、畜牧及软商品板块 品种：生猪 日内观点：小幅反弹 中期观点：反弹后仍偏弱运行 参考策略：反弹后沽空 核心逻辑： 1、近日生猪期现同步反弹，主要的原因在于官方收储、禁止二育、限制出栏体 重、环保政策加严等措施释放出稳定市场价格、遏制猪价大幅下行的信号。收储及 限制出栏体重能够在短期内缓解供应过剩的压力，而禁止二育及环保政策则是从长 期角度加快去产能的速度。 日内观点：止跌企稳 中期观点：震荡偏弱 参考策略：卖出虚值看跌期权 请务必阅读文末免责条款 1 策略早餐 2、短期来看，需要关注市场出栏均重的变化情况，若均重快速下跌，则表明养 殖端压栏情况有所减少，利好后市猪价；长期来看，需关注后续的政策落地情况， 养殖端是否在政策引导下加速产能去化，若能繁母猪存栏量、仔猪出生量明显减量， 对于明年的猪价是一个较大的利好因素。 3、综合来看，猪价短期反弹后，仍将维持偏弱运行的走势。盘面方面，从过往 盘面反弹情况来看，短期反弹幅度在 500-1000 左右，当前 09 合约在政策消息引导 下从 13400 左右反弹至 13750，观察反弹的持续性，若 ...

Group 1 - The core viewpoint emphasizes the importance of integrating mature technology into public services to enhance the quality of life and demonstrate the powerful impact of technology on daily living [1][2] - The government has proposed developing digital and intelligent infrastructure, improving community services, and creating smart cities as part of its work report [1][2] - Various regions are implementing smart upgrades to public services, such as NFC systems for efficient queuing in Tianjin and intelligent irrigation systems in Beijing, reflecting a trend towards more user-friendly public facilities [2][3] Group 2 - The introduction of smart facilities in public services is seen as a crucial step, but ensuring quality and effectiveness is even more critical [3] - Challenges such as equipment malfunction and maintenance issues highlight the need for professional operation and diversified funding in the management of smart public services [3] - The ongoing technological advancements and supportive policies are expected to accelerate the application of intelligent public facilities across various sectors, enhancing the overall living experience for citizens [3]

构建公平竞争的政府采购环境，具体有3条政策。主要包括消除政府采购准入门槛，常态化排查清理限 制公平竞争行为，制定负面清单，禁止以所有制性质等条件限制民营企业参加政府采购活动。扩大中小 企业政府采购市场份额，增加"保底订单"，为民营企业提供更多市场机会。 支持民营企业创新发展，包括3个方面17条政策。其中，在民营企业科技创新方面，支持企业牵头实施 重大科技创新项目，争创高能级创新平台，加大研发投入，保护知识产权，提升创新能力。在企业智能 化转型方面，支持企业数据基础设施建设，实施"算力券"奖补，鼓励开展工业软件研发，培树国家级数 字化标杆企业，引导企业智能化升级。在企业引才聚才方面，支持引进顶尖人才、紧缺人才，引育领军 人才，强化企业创新发展的人才支撑。这些政策含金量高，比如，对企业的研发投入，最高补助500万 元；对完成创新药临床实验的企业，每年最高支持1亿元。 助力民营经济转型发展，包括3个方面13条政策。其中，在推动产业升级方面，实施技改专项贷贴息、 设备更新补贴，培育国家级专精特新"小巨人"企业，鼓励民营企业参与乡村振兴。在增强外贸企业发展 动能方面，实施"鲁贸贷"融资业务、支持民营企业参加境外展会，增 ...

ST新元自2015年6月11日上市至今，已迎来10周年。从上市首日收盘价为16.4元、市值10.93亿元，到如今市值达到8.81亿 元，ST新元的成长历程充满波折，更是经历了从高峰到低谷的剧烈变化，但从最近几年公司经营表现来看，业绩持续恶化 且面临退市风险。 ST新元的主营业务包括以工业智能化物料输送、配料成套解决方案为主业，集方案设计、研发创造、设备制造、系统集 成、销售服务于一体。其核心产品主要分为智能输送配料装备和其他等，主要产品包括密炼机上辅机系统、物料气力输送 系统及小料配料称量系统等。 2021年10月22日，ST新元的市值巅峰达到82.17亿元，股价也顺应升至30.82元。而至6月10日收盘，ST新元的股价为3.2元， 市值为8.81亿元，相比峰值时期市值减少73.36亿元，市值蒸发了89.28%。 ST新元上市的2015年，当年实现归母净利润0.25亿元，截至最新完整财年的2024年，公司实现-4.42亿元的归母净利润，累 计利润增长了-1850.12%。这10个年间，ST新元有5年出现亏损，归母净利润增长的年份达到4年，占比高达40%。从最近几 年的财报看出，公司经营状况持续恶化。 营收角度 ...

Group 1 - The number of Peking University alumni moving to Hubei has increased, with over 120 recent graduates relocating to the province last year, and 90% settling in Wuhan [1] - Alumni express confidence in Wuhan for entrepreneurship due to its high cost-performance ratio and ample room for growth and experimentation [1] - Wuhan's industrial advantages attract startups, with collaborations established between new companies and leading enterprises in sectors like biomedicine, optoelectronics, and automotive components [1] Group 2 - Wuhan has implemented the "Talent Gathering in Wuhan" initiative, providing tailored policies for young talents, including innovation investment, entrepreneurial support, financing services, and living guarantees [2]

分析师：柏逸凡 登记编号：S0890524100001 分析师：程秉哲 登记编号：S0890522110001 投资要点 本报告统计时间为2025.05.26-2025.05.30。 抱团风险有所上升，静待风险释放后再行布局。近期市场仍主要抱团在银行避险，或医药、核 电、新消费等题材当中，不过高位抱团题材轮动加快、分歧加剧，面临的调整压力上升，需等待 调整压力释放后再行布局，短期仍然适度偏防守或逢反弹止盈，后续可继续关注银行、题材（新 消费、科技、医药、化工等）及宽基指数的布局机会。 权益市场， 上周，市场风格方面，小盘成长风格占优；风格波动方面，大小盘风格波动及价值成 长风格波动均有所上升，显示当前市场风格较不稳定。市场结构方面，上周，行业指数超额收益 离散度下降至近一年低位，成分股上涨比例略有下降，行业轮动速度持平上期；交易集中度方 面，个股集中度与行业集中度略有上升。市场活跃度方面，上周，市场波动率略有上升，但换手 率继续下行，尤其是上证50换手率降低至历史较低水平。 商品市场方面， 上周，趋势强度表现依然分化，能化、黑色板块延续其延续性，贵金属、有色板 块趋势性上升；基差动量方面，黑色板块基差动量上升 ...

Core Viewpoint - Xiamen City is promoting the development of emerging marine industries through a draft proposal that includes measures to support the transformation and industrialization of marine-related technologies and products [1] Group 1: Support for Industry Development - The proposal emphasizes support for the industrialization of marine health foods, functional cosmetics, deep processing of seafood, marine observation and monitoring equipment, communication and navigation devices, shipbuilding and marine engineering equipment, and anti-pollution and anti-corrosion coatings [1] - It aims to expand marine application scenarios and supports the application of scientific and technological achievements in marine and non-marine fields through self-declaration or competitive bidding [1] Group 2: Financial Assistance - Financial support will be provided, covering up to one-third of the actual total investment of the project, with a maximum subsidy of 10 million yuan for a single project [1]