本报讯(记者宋晓华)据南京海关统计，今年前4个月，江苏省货物贸易进出口总值1.85万亿元，较去年同 期增长5.7%，增幅较全国高3.3个百分点，占同期我国进出口总值的13.1%。其中，出口1.23万亿元，增 长10.3%；进口6157.9亿元，下降2.5%。 一般贸易进出口占比近六成，成为前4个月我省外贸进出口最突出特点。我省以一般贸易方式进出口 1.05万亿元，增长4.7%，占全省进出口总值的57%。同期，以加工贸易方式进出口5817.5亿元，增长 5.6%。以保税物流方式进出口1956.2亿元，增长12.7%。 外资企业进出口比重提升。我省外商投资企业进出口8642.5亿元，增长7.2%，占比较去年同期提升0.7 个百分点至46.8%。民营企业进出口8276.3亿元，增长2.7%，拉动全省进出口增速1.2个百分点，占全省 外贸进出口的44.8%。国有企业进出口1547.9亿元，增长14.5%，占8.4%。 对东盟贸易快速增长。我省对共建"一带一路"国家进出口9033.7亿元，增长9.6%，拉动全省进出口增速 4.5个百分点，占比较上年同期提升1.8个百分点至48.9%。其中，对东盟进出口3365.6亿元、 ...

Core Viewpoint - China's foreign trade shows resilience with a total import and export value of 14.14 trillion yuan in the first four months of the year, reflecting a year-on-year growth rate of 2.4% [1] Group 1: Trade Performance - In April, China's total foreign trade value reached 3.84 trillion yuan, an increase of 5.6%, with exports at 2.27 trillion yuan (up 9.3%) and imports at 1.57 trillion yuan (up 0.8%) [2] - The trend for imports and exports improved from a decline of 2.2% in January to a slight increase of 1.3% in the first quarter, culminating in a growth of 2.4% in the first four months [2] - Private enterprises accounted for 49.2% of the total import and export enterprises, with a year-on-year increase of 8.2%, contributing to 56.9% of the total trade value and driving a growth of 3.7 percentage points in overall trade [2] Group 2: Product and Market Diversification - High-tech product exports grew by 7.4% in the first four months, making up nearly 20% of total exports and contributing 1.3 percentage points to overall export growth [2] - Exports to regions outside the U.S. maintained double-digit growth, with a 13% increase in April, while exports to ASEAN exceeded 20% [3] - Trade with the EU, China's second-largest trading partner, totaled 1.78 trillion yuan, reflecting a growth of 1.1% and accounting for 12.6% of China's total foreign trade [4] Group 3: Support for Foreign Trade - Various policies have been implemented to support foreign trade, including enhancing public information services, expanding export credit insurance, and increasing financial support for foreign trade enterprises [5] - Recent high-level economic talks between China and the U.S. have provided more certainty to the economic relationship, potentially benefiting trade dynamics [6]

在出口通关环节中，海关对报关价格的真实性极为重视。价格申报不当，轻则延误通关，重则触发查验、审价或处罚。因此，如何进行合规的 价格申报，成为出口企业绕不开的关键问题。尤其在全球贸易环境变化频繁的背景下，海关对价格波动与敏感商品的审价力度也在不断加大。 出口企业该如何应对海关审价？价格申报规范全解析 一、什么是海关审价？ 不要随意复制历史价格：不同订单、不同贸易背景下的价格不可一概而论。 填写完整条款：应在报关单中注明贸易术语（如FOB、CIF），并准确说明是否含运费、保险费等。 三、遇到海关质疑价格该怎么办？ 及时提交补充资料：包括报价单、合同、银行水单、第三方定价资料、过往成交记录等，证明价格合理性。 海关审价是指海关根据《中华人民共和国海关法》等法规，对申报价格的真实性与合理性进行核查。若海关怀疑企业低报、虚报价格，可能要 求补充资料或重新核定完税价格。 二、出口价格申报时需注意哪些问题？ 确保合同与发票一致：发票金额、币种、支付方式必须与合同保持完全一致。 避免价格偏离市场行情过大：若价格明显低于同类出口平均值，应准备解释材料，如推广折扣、赠品说明等。 价格申报从来不是"越低越好"，而是"越真实越安全" ...

印度4月贸易逆差扩大至五个月高点，原因是国内需求回暖导致进口额增加，超过了出口额的增幅。5月 15日公布的贸易数据显示，上月进出口逆差为264.2亿美元，经济学家预测205亿美元逆差，3月份贸易 逆差已扩大至215亿美元。数据显示，4月份，印度进口额同比增长19.1%，达到649.1亿美元；出口额增 长9%，达到384.9亿美元。 ...

Economic Performance - Hong Kong's GDP is estimated to grow by 3.1% year-on-year in Q1, marking a 0.6 percentage point increase from Q4 of the previous year, achieving a five-quarter high and significantly surpassing market expectations of 2.1% [1] - The quarter-on-quarter economic growth rate is 2%, the highest level in two years [1] Trade Data - In Q1, Hong Kong's total goods exports increased by 8.7% year-on-year, while imports rose by 7.4% [4] - The steady growth of the mainland economy and government measures to diversify markets are expected to support various economic activities in Hong Kong [4] Market Sentiment - The easing of the US-China tariff situation is seen as an opportunity for growth, with positive impacts on Hong Kong's economic outlook [7] - Following the tariff news, there was a surge in orders from foreign businesses, indicating a strong demand for Hong Kong's exports [7] Government Initiatives - The Hong Kong government has signed 59 cooperation memorandums during a recent trade delegation visit to Qatar and Kuwait, aimed at deepening economic ties [10] - The Chief Executive emphasized the importance of expanding cooperation and establishing government relationships to attract investment [10] Financial Market Outlook - The financial market remains optimistic, with significant capital inflow leading to a surge in the Hong Kong stock market, where the Hang Seng Index rose nearly 700 points on May 12 [11] - The current macroeconomic environment is expected to provide a strong positive outlook for the Hong Kong stock market in the second half of the year [11] Strategic Focus - The Hong Kong government is focusing on expanding trade relations with emerging markets and Belt and Road Initiative countries to mitigate macroeconomic uncertainties and diversify business opportunities [12]

●山东新华锦国际股份有限公司（以下简称"公司"）股票价格于2025年5月13 日、5月14日、5月15日连续三个交易日收盘价格涨幅偏离值累计超过20%，属于《上 海证券交易所交易规则》规定的股票交易异常波动情形。 ●经公司董事会自查及发函问询控股股东、实际控制人，截至本公告披露日， 公司不存在应披露而未披露的重大信息。 ●相关风险提示： 业绩下滑的风险：公司2024年归属于上市公司股东的净利润-13,378.42万元，较 元，较2023年下降424.48%；2025年第一季度归属于上市公司股东的净利润629.98万 元，较去年同期下降14.35%，归属于上市公司股东的扣除非经常性损益的净利润 公司控股股东及其一致行动人股份质押风险：截至本公告披露日，公司控股股 东及其一致行动人合计持有公司股份185,596,152股，占公司股份总数的43.28%，累计 质押公司股份184,920,000股，占其持股总数的99.64%，占公司总股本的43.13%。公司 控股股东及其一致行动人股份质押比例较高。 因资金占用行为存在被处罚的风险：针对《会计师事务所关于新华锦2024年度 非经营性资金占用及其他关联资金往来情况汇总表 ...

义乌的一家无缝内衣生产企业也感受到了这股热潮。企业负责人王晋围介绍，4月以来，美国剧增的关税给企业带来挑战，但他们的产品在创新性、质量、 价格等方面都具有较强的市场竞争力。关税政策调整后，美国客户催促发货，企业正全力以赴加紧生产。 义乌市璟文进出口有限公司总经理吴庆芬更是兴奋不已。她表示，关税下降的消息一出，"朋友圈都炸掉了，都在说要开干了"。一位美国老客户下单了30万 双袜子，这是她"久违"的来自美国的大订单。吴庆芬和团队正加紧工厂端生产和出货，也加大接单投入，提醒客户抓紧时间盘库存，需要的话就抓紧补库 存，增强抗风险能力。 中美关税调整后，美线航运也迎来了一波反弹。多家货代公司表示，目前美线5月底发货的船只舱位已接近满舱。美森、长荣、COSCO等船公司也发布了涨 价通知，每个集装箱的运价上涨500—1500美元不等。业内人士表示，此前一些船公司缩减了三成以上美国方向的运力，导致目前美线航运运力出现供需错 配，带动运价上涨。随着船公司重新调整运力分布，未来美线舱位紧张的情况有望缓解。 高盛分析师Philip Sun预测，未来90天中国出口将非常火爆。他指出，面对这90天的关税暂缓期，中国出口商和美国进口商将 ...

Financial Data and Key Metrics Changes - In Q1 2025, total revenue reached USD 145 million, with USD 144 million coming from Bitcoin mining operations, marking a significant increase compared to the previous year [4][11] - Gross profit for the quarter was USD 13.61 million, while operating loss was recorded at RMB 155.5 million, primarily due to a decline in Bitcoin prices [4][14] - As of March 31, 2025, total cash, cash equivalents, and short-term investments amounted to RMB 2.5 billion, providing solid support for future business expansion [4][15] Business Line Data and Key Metrics Changes - Revenue from the Bitcoin mining business in Q1 2025 was USD 144 million, with 15.41 Bitcoins mined during the quarter [4][12] - Revenue from automotive trading related income decreased to RMB 64.4 million compared to the same period in 2024 [12] - The company maintained a total computing power of 32 exahashes per second, accounting for approximately 4% of the global average hash rate [5][6] Market Data and Key Metrics Changes - The average monthly effective hash rate consistently exceeded 30 exahashes per second, with a coin yield of 16.6 Bitcoins per exahash, placing the company among the top three publicly listed mining companies [7] - The average power efficiency for the quarter was 21.62 per terahash, indicating strong operational efficiency [7] Company Strategy and Development Direction - The company is committed to a "mine and hold" strategy, focusing on self-mining and long-term holding of Bitcoin [8] - Plans include optimizing existing computing power resources and pursuing mergers and acquisitions to scale operations [8] - The traditional automotive business, AutoCango, aims to connect China's used car market with overseas buyers, enhancing its global presence [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Bitcoin's long-term value appreciation potential and the stability of its supply [8] - The company is closely monitoring market developments and adjusting strategies to seize emerging opportunities [19] - Future strategic direction includes optimizing mining operations, enhancing efficiency, and exploring new market opportunities [24] Other Important Information - The company has launched a global energy strategy to address high electricity costs, focusing on renegotiating hosting agreements and exploring partnerships in low-cost clean energy projects [23] - The company plans to prioritize debt financing over equity financing due to its low debt-to-equity ratio [29] Q&A Session Summary Question: What is your view on the trends in the cryptocurrency market so far? - Management believes the cryptocurrency market presents both opportunities and challenges, with an increasing role for cryptocurrencies as technology advances [18] Question: How is the company going to respond to increasing challenges from computing power and mining difficulty? - The company will optimize existing mining operations and expedite the delivery of additional computing power [19] Question: Can you provide more details on the reasons behind the declines in April metrics? - The decline was mainly due to a significant increase in global network hash rate and a rise in mining difficulty [21] Question: Do you see more pressure from increasing power costs? - Yes, the company is experiencing high electricity costs but is refining its cost structure through a global energy strategy [23] Question: How does the company plan to balance or diversify its business lines? - The company remains focused on Bitcoin mining but is confident in the potential of its used car export business and plans to explore additional opportunities [27] Question: Do you have any plans for equity financing or other financing plans? - The company has sufficient liquidity and plans to prioritize debt financing over equity financing [29]

Financial Data and Key Metrics Changes - In Q1 2025, total revenue reached USD 145 million, with USD 144 million coming from Bitcoin mining operations, marking a significant increase compared to the previous year [4][12] - Gross profit for the quarter was USD 13.61 million, while the operating loss was USD 155.5 million, primarily due to a decline in Bitcoin prices [4][15] - As of March 31, 2025, total cash, cash equivalents, and short-term investments amounted to USD 347 million, providing solid support for future business expansion [4] Business Line Data and Key Metrics Changes - Revenue from the Bitcoin mining business was USD 144 million, with 15.41 Bitcoins mined in Q1 2025 [13] - Revenue from automotive trading related income decreased to RMB 64.4 million compared to the same period in 2024 [13] - The average cost to mine Bitcoin was USD 70,602.1 per coin, excluding depreciation of mining machines [13] Market Data and Key Metrics Changes - The company holds a total computing power of 32 exahashes per second, accounting for approximately 4% of the global average hash rate in Q1 [5] - The average monthly effective hash rate consistently exceeded 30 exahashes per second, with a coin yield of 16.6 Bitcoins per exahash, placing the company among the top three publicly listed mining companies [7] Company Strategy and Development Direction - The company is committed to a "mine and hold" strategy, focusing on self-mining and long-term holding of Bitcoin [8] - Plans to optimize existing computing power resources and pursue M&A opportunities to scale operations and enhance market competitiveness [9] - The traditional automotive business, AutoCango, aims to connect China's used car market with overseas buyers, with over 480,000 used car listings [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Bitcoin's long-term value appreciation potential and the stability of its supply [8] - The company is focused on optimizing mining operations and exploring new market opportunities while strengthening partnerships [25] - Management acknowledged challenges from increasing computing power and mining difficulty but emphasized ongoing efforts to enhance operational efficiency [20][24] Other Important Information - The company has reduced its total outstanding loan balance to approximately RMB 2.6 billion, with improved loan quality metrics [5] - The average power efficiency for the quarter was 21.62 per terahash, indicating strong operational metrics [7] Q&A Session Summary Question: Trends in the cryptocurrency market - Management believes the cryptocurrency market presents both opportunities and challenges, with a focus on monitoring developments and adjusting strategies accordingly [19] Question: Response to increasing computing power and mining difficulty - The company plans to optimize existing mining operations and expedite the delivery of additional computing power [20] Question: Reasons for declines in April metrics - A significant decrease in mined Bitcoins in April was attributed to an increase in global network hash rate and mining difficulty [22] Question: Pressure from increasing electricity costs - The company is experiencing high electricity costs but is exploring renegotiation of hosting agreements and partnerships in low-cost clean energy projects [24] Question: Future strategic direction - The company will focus on optimizing mining operations, enhancing efficiency, and exploring new market opportunities while pursuing sustainable energy sources [25] Question: Concentration risk in revenue from Bitcoin mining - While the majority of revenue comes from Bitcoin mining, the company remains confident in its used car export business and plans to explore additional opportunities for diversification [28] Question: Plans for cash flow and financing - The company has sufficient liquidity for operations and plans to prioritize debt financing over equity financing [30]

4月份进出口规模达历史次高，出口同比增长9.3% 超预期强韧性，中国外贸用实力作答 在美国滥施关税的冲击下，4月份中国外贸仍表现出强劲韧性，超出市场预期。 海关总署5月9日发布的数据显示，前4个月，中国货物贸易进出口总值为14.14万亿元，同比增长2.4%， 增速比一季度加快1.1个百分点。其中，4月单月进出口总值、出口额、进口额同比增速全部实现正增 长，特别是出口表现抢眼，同比增长9.3%。 中国外贸逆风而行，交出如此亮眼的成绩单，再次印证中国制造在全球产业链供应链中无可替代的地 位。与此同时，中国外贸向新而行、向高攀升步伐加快，无数优质的外贸企业在各自赛道奋勇争先，以 磅礴的"向新力"擎起中国制造脊梁。 外贸量稳质升，增强出海新活力 海关总署统计分析司司长吕大良表示，今年以来，各地各部门同心聚力有效应对外部冲击，推动中国经 济持续回升向好。4月份进出口增速比一季度加快4.3个百分点，出口增幅扩大，进口由降转增，展现出 较强韧性。 尽管美方挑起关税战，但中国4月单月进出口规模依然达到历史次高，不仅规模超出预期，出口提质向 新的活力也持续涌现。 依托完整的工业体系和深厚的制造业基础，前4个月，中国出口高技术产 ...