Core Viewpoint - Chengdu Kunheng Shunwei Technology Co., Ltd. is preparing for its 2024 Annual General Meeting, focusing on governance improvements and financial performance, including proposals for the cancellation of the supervisory board and the purchase of liability insurance for executives [1][30]. Meeting Arrangements - The meeting is scheduled for June 5, 2025, at 14:00 in Chengdu, with both on-site and online voting options available [4][5]. - Participants must register and present necessary identification documents to attend the meeting [2][3]. Agenda Items - Proposal to cancel the supervisory board and amend the company’s articles of association [24][26]. - Proposal to purchase liability insurance for the company and its executives [30][32]. - Financial performance report indicating a revenue of CNY 226.57 million, a 10.66% decrease year-on-year, and a net profit of CNY 37.03 million, down 57.48% [36]. - Proposal for a cash dividend of CNY 2.60 per 10 shares, totaling CNY 31.45 million [15][16]. - Election of the fourth board of directors, including independent and non-independent directors [33][34]. Financial Performance - The company reported a decline in revenue and net profit due to market conditions and increased costs [36]. - The company is focusing on emerging industries, particularly satellite internet, to drive future growth [36][37]. Governance Improvements - The company aims to enhance its governance structure by eliminating the supervisory board and transferring its responsibilities to the audit committee [26][28]. - The board of directors has been active, holding eight meetings during the reporting period to ensure compliance with legal and regulatory requirements [38][39].

在科技创新的浪潮中，"硬科技"企业作为我国科技自立自强的重要力量，正面临前所未有的发展机遇 与挑战。 在走访科技型企业的过程中证券时报记者注意到，从初创期的普惠贷款，到成长期的信用贷款，再到成熟期企 业出海拓展业务的跨境金融服务，金融机构的精准服务贯穿了企业发展的每一个关键节点。 近年来，金融系统积极落实国家关于金融支持科技创新的战略部署，通过全生命周期金融服务，为"硬科技"企 业提供了坚实的资金支持和多元化的金融保障，助力企业在风雨中稳健前行。随着金融科技创新不断"开花结 果"、多层次资本市场机制完善，多元化、多层次、多渠道的科技投入格局正在形成，助力"硬科技"企业继续 长跑。 面对尚未盈利的初创期科技企业，金融机构如何做到"敢贷""愿贷"？"简单来说，就是通过调整审计偏好、完 善尽职免责设计等，提升支持科技创新的积极性。"中国银行深圳高新区支行副行长陈铭泽对记者说，得益于 机制的完善，现在银行为未盈利的科创企业授信基本没有后顾之忧。 为做好科技金融大文章，近年来，金融部门出台多项措施，引导金融机构持续强化对科技创新的金融支持。中 国人民银行通过推出科技创新再贷款等货币政策工具，引导金融机构加大对科技企业的 ...

北交所策略专题报告 2025 年 05 月 25 日 北交所排队企业整体高质量，关注 2025 打新机会 北交所研究团队 ——北交所策略专题报告 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 专题：北交所排队企业整体高质量，关注 2025 北交所打新机会 上市节奏角度来看，2024 年全年北交所共上市 23 只新股。截至 2025 年 5 月 23 日，2025 年 1-5 月北交所共上市 4 家企业。从发审会节奏上来看，随着申报企业 补充 2024 年报数据的结束，下周 2 家公司上会审核，未来节奏或有提升。从首 发募集资金角度的中签率来看，募集资金较高的企业申购中签率同样较高，2024 至今北交所合计上市 27 家企业中签率均值达 0.09%，但其中首发募集资金超过 2 个亿企业的平均中签率在 0.14%，首发募集低于 2 个亿企业的平均中签率在 0.06%。从当前北交所排队企业看利润体量整体有所较高，截至 2025 年 5 月 23 日，94 家排队中企业 2024 年归母净利润均值达 8967.02 万元，高于 266 家北交 所企业 2024 年归母 ...

Economic Performance Highlights - The economic performance of Liaoning province in the first four months of the year shows significant growth in strategic emerging industries, accelerated high-end manufacturing, enhanced consumer demand, and improved green energy structure [1][2][3] - The value of invoices issued in the electronic core industry, advanced environmental industry, new energy vehicle-related facilities manufacturing, internet and cloud computing, big data services, and marine engineering equipment industries increased by 37.7%, 26.5%, 24.4%, 23.5%, and 17% year-on-year, respectively [1] Manufacturing Sector Developments - The high-end manufacturing sector is advancing rapidly, with invoice amounts for medical instruments and equipment manufacturing, as well as aerospace and equipment manufacturing, increasing by 13.6% and 1.2% year-on-year [2] - Neusoft Medical Systems Co., Ltd. reported a year-on-year increase of over 30% in invoice amounts [2] Consumer Market Trends - The consumer market is experiencing a rise in enthusiasm, with invoice amounts for home audio-visual equipment retail and daily household appliances retail increasing by 45.6% and 44.7% year-on-year, respectively [2] - The overall consumer sector (excluding housing consumption) saw a year-on-year increase of 6.4%, contributing to a 0.6% growth in total invoice amounts for the province [2] Green Energy Initiatives - Liaoning province is committed to a high-quality development path focused on ecological priority and green low-carbon transformation, with a gradual formation of a green industry system [3] - The invoice amounts for clean energy generation (nuclear, hydro, solar, wind, and biomass) grew at a rate 2.3 percentage points higher than that of thermal power generation, accounting for 35.7% of total power generation invoice amounts, exceeding the national average by 4.0 percentage points [3]

Core Points - The American Society for Mass Spectrometry (ASMS) announced the winners of its 2025 awards, including the John B. Fenn Award for Outstanding Contribution, the Biemann Medal, and the Al Yergey Mass Spectrometry Scientist Award [1][2]. Group 1: John B. Fenn Award for Outstanding Contribution - Jack Henion, a professor emeritus at Cornell University and co-founder of Advion, received the 2025 John B. Fenn Award for Outstanding Contribution for his pioneering research in liquid chromatography-mass spectrometry (LC-MS) and atmospheric pressure ionization [4][8]. - Henion has published over 235 peer-reviewed papers and holds 12 patents related to his work, significantly advancing mass spectrometry applications in biomedical research [4]. Group 2: Biemann Medal - Dr. Livia Schiavonato Eberlin from Baylor College of Medicine was awarded the 2025 Biemann Medal for her innovative research that has advanced mass spectrometry in biomedical studies [6][9]. - Eberlin has published over 95 scientific papers and received numerous honors, including the MacArthur Fellowship, with her work supported by various prestigious institutions [6]. Group 3: Al Yergey Mass Spectrometry Scientist Award - The 2025 Al Yergey Mass Spectrometry Scientist Award recipients include Vilmos Kertesz, Michael Shortreed, and John E.P. Syka, recognized for their significant contributions to the development and application of mass spectrometry technology [15]. Group 4: Research Awards - The 2025 Research Award winners are Tian (Autumn) Qiu, Qing Yu, and Varun Gadkari, who are recognized for their contributions to scientific research in the early stages of their academic careers [19]. Group 5: PUI Award and Ron Hites Award - Emma Guiberson from Middlebury College received the PUI Award, which supports mass spectrometry research in primarily undergraduate institutions, with a funding of $20,000 [23]. - Christian Bleiholder from Florida State University was awarded the Ron Hites Award for his outstanding paper published in the Journal of the American Society for Mass Spectrometry (JASMS) [23]. Group 6: Postdoctoral Career Development Award - The 2025 Postdoctoral Career Development Award winners include Jamie P. Butalewicz, Brianna Garcia, Kathryn Kapp, Jericha Mill, and Carlis mari Oliveira Grundmann, recognized for their contributions to mass spectrometry research [30].

中央纪委国家监委网站 薛鹏 图为近日，在第九届丝绸之路国际博览会暨中国东西部合作与投资贸易洽谈会丝路优品展上，参观者了 解塔吉克斯坦商品。新华社记者 李一博 摄 "中国过去是、现在是、将来也必然是外商理想、安全、有为的投资目的地，相信中国就是相信明天， 投资中国就是投资未来。"近日，习近平总书记复信中国丹麦商会负责人，再次释放了中国坚定不移扩 大高水平对外开放，欢迎跨国企业深耕中国市场的明确信号。 40多年来，中国坚定不移推进改革开放，一直是外资企业理想、安全、有为的投资目的地。近年来，在 全球跨境投资不确定性显著上升的背景下，中国坚定不移推进高水平对外开放，开放的大门越开越大， 以更大力度吸引和利用外资，继续为跨国公司在华投资发展创造良好条件，与世界共享发展机遇。 多个国际展会密集举行，开放的中国吸引外商投资兴业 近期，多个国际展会密集举行，开放的中国"磁吸力"持续彰显—— 5月17日至21日，第三十四届哈尔滨国际经济贸易洽谈会暨2025黑龙江贸易投资合作大会举行，吸引38 个国家和地区及23个省、区、市的1500余家企业参展；5月21日，第九届丝绸之路国际博览会暨中国东 西部合作与投资贸易洽谈会在陕西西安 ...

Core Viewpoint - The Chinese machinery industry has shown stable growth in production and investment during the first four months of the year, with significant increases in various sectors [1] Production Growth - The value added in five major sectors of the machinery industry has maintained a growth trend year-on-year: - General equipment manufacturing increased by 9% - Specialized equipment manufacturing grew by 4% - Automobile manufacturing rose by 11.2% - Electrical machinery and equipment manufacturing increased by 12.7% - Instrumentation manufacturing grew by 9.2% [1] Investment Trends - Fixed asset investment in the machinery industry showed varied results: - General equipment manufacturing investment increased by 17.9% - Specialized equipment manufacturing investment grew by 8.4% - Automobile manufacturing investment surged by 23.6% - Electrical machinery and equipment investment decreased by 7.5% - Instrumentation manufacturing investment fell by 15.1% [1] Production of Key Products - The cumulative production of representative products in the machinery industry has shown strong growth: - Metal cutting machine tools reached a cumulative production of 260,000 units, up by 16.8% - Industrial robots reached a cumulative production of 221,000 sets, up by 34.1% [1] Policy Impact - The macro policy combination effect continues to release, maintaining rapid growth in production supply. The "Two New" policy and industrial upgrades are driving sustained growth in the equipment manufacturing sector. The effects of the consumer goods replacement policy are steadily expanding domestic demand [1]

Industry Growth Potential and Competitive Landscape - The penetration rate of the home hair removal device market in China is approximately 10%, significantly lower than that of the US (30%+), Japan (22%+), and South Korea (18%+) [1][22] - The market is expected to grow at a compound annual growth rate (CAGR) of 16% from 2019 to 2030, potentially exceeding 29.8 billion yuan by 2030 [1][22] - The competitive landscape is characterized by a "one strong, many strong" pattern, with the leading brand Ulike holding a 70% market share on Tmall, followed by Beautigo and Jmoon [1][25] - Regulatory measures are tightening, with the introduction of the "Group Standard for Home Photon Hair Removal Devices," which specifies parameters such as wavelength (500-1200nm) and energy density (≤10J/cm²) [1][25] Consumer Demand Upgrade and Technological Iteration - Consumer demand is evolving in three main trends: 1. **Precision in Treatment Areas**: Significant demand for hair removal in sensitive areas such as private parts (39%), lips (39%), and facial hair (38%) [2][31] 2. **Diversification of Functions**: 76% of consumers expect "pain-free" experiences, while 63% seek "permanent hair removal." Additional functions like "whitening" and "spot reduction" have seen sales growth of 867% and 192%, respectively [3][36] 3. **Professional Decision-Making**: 85% of consumers focus on hair removal effectiveness, 79% prioritize safety, and 78% consider technical parameters [3][38] - Technological advancements are centered around "precision, intelligence, and comfort," evolving from early laser technology to IPL precision and intelligence (4.0), incorporating features like sapphire cooling and energy grading [3][30] Demographic Characteristics and Market Segmentation - The primary demographic for hair removal devices consists of women (85%) and the 18-29 age group, with increasing penetration in lower-tier markets (over 40% in third-tier cities) [4][24] - Consumers can be categorized into four segments based on price sensitivity and usage duration: 1. **Practical Rationalists (44%)**: Prefer mid-range models, focusing on safety and overall hair removal [4] 2. **Professional Efficiency Seekers (27%)**: Notable male demand (19%), favoring high-tech products for precise area treatment [5] 3. **Long-term Users (21%)**: Primarily affluent women in high-tier cities, seeking convenience and clinic-level results [6] 4. **Self-Experience Seekers (7%)**: Young consumers driven by social and personal needs, favoring low-cost popular models [7] Merchant Strategies and Brand Cases - Brands should focus on technological innovation (e.g., pain-free hair removal, intelligent adjustments), optimizing user experience (precision mode for sensitive areas), expanding functionalities (whitening and skin care), and portable designs [8] - Effective marketing strategies include professional evaluations (76%) and real-user testing (60%), combined with seasonal promotions to reach targeted demographics [8] - Ulike maintains its market leadership through patented technologies and comprehensive marketing strategies, while Beautigo differentiates itself with wet hair removal features and high energy density [8][26]

商务部数据显示，2025年1-4月，全国新设立外商投资企业18832家，同比增长12.1%；实际使用外资金 额3207.8亿元人民币，同比下降10.9%。从行业看，制造业实际使用外资840.6亿元人民币，服务业实际 使用外资2312.5亿元人民币。高技术产业实际使用外资967.1亿元人民币，其中，电子商务服务业、航空 航天器及设备制造业、化学药品制造业、医疗仪器设备及器械制造业实际使用外资分别增长137%、 86.2%、57.8%和4.9%。从来源地看，东盟地区实际对华投资增长42.9%，日本、瑞士、英国、韩国、德 国实际对华投资分别增长74.2%、68.4%、54.6%、22.3%和12.3%（含通过自由港投资数据）。 ...

Core Viewpoint - The article highlights the resurgence of foreign trade in Yiwu, driven by a temporary easing of trade tensions and a significant increase in orders from the U.S. market, particularly in the wake of tariff reductions and trade negotiations between China and the U.S. [2][4][16] Group 1: Trade Dynamics - Yiwu foreign traders are experiencing a surge in orders, with a notable increase in container bookings to the U.S., which rose nearly 300% following tariff reductions [4][16] - The average booking volume for containers from China to the U.S. increased from 5709 to 21530 standard containers within a week, marking a 277% rise [4][16] - Companies are actively working to fulfill orders, with one business reporting over $1 million in orders ready for shipment to the U.S. [7][11] Group 2: Business Strategies - Companies are adapting to the changing trade environment by diversifying their markets, with some exploring opportunities in Europe and Latin America to mitigate risks associated with U.S. tariffs [11][18] - One company reported that only 5% of its sales come from the U.S., allowing it to remain largely unaffected by the trade tensions [10] - Businesses are also increasing their domestic market efforts, with one company achieving nearly 6 million yuan in sales from domestic gift products in its first year [14] Group 3: Market Trends - The "May Day" holiday saw a significant influx of tourists in Yiwu, with 277.78 million visitors recorded, a 29.99% increase year-on-year, contributing to a tourism revenue of over 1.1 billion yuan [12] - The article notes that the demand for Chinese manufactured goods remains strong, with companies emphasizing that their products have no suitable alternatives abroad [18] - The U.S. Department of Commerce reported a 2.3% year-on-year increase in the Personal Consumption Expenditures (PCE) price index, indicating a potential rise in consumer demand [10]