昨天，发生了哪些财经大事？ 电商平台全面取消"仅退款" 据北京商报消息，4月22日，记者获悉，拼多多、淘宝、抖音、快手、京东等多个电商平台 将全面取消"仅退款"，消费者收到货后的退款不退货申请，将由商家自主处理。 这意味着，"仅退款"在2021 年时被拼多多率先推出，后在2024年时被京东、淘宝、抖 音、快手等相关平台相继引入，历时四年正式迎来落幕。记者还获悉，上述电商平台已就全 面取消"仅退款"的相关细节与管理部门进行了多轮商讨和修改，一旦审核完成即对社会公 开宣布。 董明珠不再任格力电器总裁 4月22日，格力电器（000651.SZ）临时股东大会审议通过了公司董事会换届选举的议 案，董明珠顺利当选新一届董事，并再次当选格力电器董事长，开启她执掌格力电器的第五 个三年任期。值得关注的是，她没有再担任格力电器的总裁。 22日晚，格力电器公告透露，公司新一届董事会同意聘请张伟为公司总裁。张伟1999年加 入格力电器，2013年至2020年任格力电器副总裁，2019年至今任格力电器董事，2020年 至今任格力电器党委书记。经张伟提名，格力电器董事会聘任方祥建、刘华、李绍斌、胡余 生、王凯为副总裁。这意味着，格力年 ...

重要的消息有哪些 1.近日，中共中央、国务院印发《关于实施自由贸易试验区提升战略的意见》（以下简称《意见》）， 对自由贸易试验区建设工作作出系统部署。《意见》强调，经过5年左右的首创性、集成式探索，实现 自由贸易试验区制度型开放水平、系统性改革成效、开放型经济质量全面提升，以贸易、投资、资金流 动、交通运输、人员往来自由便利和数据安全有序流动为重点的政策体系更加完善，科技创新和产业创 新深度融合，现代产业集群能级跃升，新质生产力加快发展，打造开放层次更高、营商环境更优、辐射 作用更强的改革开放新高地。（新华社） 2.商务部新闻发言人就美国以关税手段胁迫其他国家限制对华经贸合作事答记者问。有记者问：据多家 境外媒体报道，消息人士透露，特朗普政府正准备在关税谈判中向其他国家施压，要求其他国家限制与 中国的贸易往来，以换取美方关税豁免。请问发言人对此有何评论？答：我们注意到有关报道。近期， 美国打着所谓"对等"旗号对所有贸易伙伴滥施关税，同时又胁迫各方与其开启所谓"对等关税"谈判。这 是打着"对等"的幌子，在经贸领域推行霸权政治、实施单边霸凌。绥靖换不来和平，妥协也得不到尊 重。为一己一时私利，以损害别人利益来换取 ...

东方明珠公告，2024年营业收入76.98亿元，同比下降3.45%。归属于上市公司股东的净利润6.69亿元， 同比增长11.11%。公司拟向股权登记日登记在册的全体股东每10股派发现金股利人民币1.8元(含税)，共 计分配现金股利人民币6.05亿元(含税)。 ...

今天a股成交1.45万亿，成交量小缩，几个大盘股指都是红的，但是市场中位数却跌了1.8%，这是因为今天又发 生了严重的风格倾斜。我截个自选指数的图你们看，从头到脚正好是降序排列，强弱差明显。 | 筛选 | 代码 | 名称 | 涨幅％ | 现价 | | --- | --- | --- | --- | --- | | 1 | 1B0016 | 上证50 | +0.67% | 2693.33 | | 2 | 399300 | 沪深 300 | +0.51% | 3934.85 | | ന | 1B0688 | 科创 20 | +0.29% | 1045.94 | | ব | 399006 | 创业板指 | +0.01% | 2152.55 | | 5 | 399905 | 中证 500 | -0.05% | 5969.08 | | 6 | 1B0852 | 中证 1000 | -0.71% | 6360.34 | | 7 | 932000 | 中证2000 | -1.90% | 2598.37 | | 8 | 883418 | 微盘股 | -4.51% | 1316.50 | 另外有个现象也持续了有一段时间了，就是 ...

Group 1: Traditional Chinese Medicine Industry - The State Council issued opinions to enhance the quality of traditional Chinese medicine and promote high-quality development of the industry, focusing on updating the industry chain and fostering leading enterprises [2] - Emphasis on innovation and specialization in the traditional Chinese medicine sector, encouraging mergers and resource integration to strengthen leading companies [2] - Increased support for research and development in traditional Chinese medicine, including studies on mechanisms and quality control, aiming to produce innovative drugs for major diseases [2] Group 2: Investment and Economic Development - Shanghai government announced the launch of two "500 billion" funds to support the real economy during the 2025 Global Investment Promotion Conference [4] - The conference will feature a series of activities aimed at promoting investment opportunities in Shanghai [3] Group 3: Corporate Financial Performance - As of March 20, 2024, 146 listed companies in A-shares announced annual dividend plans, with a total payout of 1143.91 billion yuan, indicating a strong willingness to distribute cash dividends [5] - Notable companies include Ningde Times and China Ping An, with dividends exceeding 100 billion yuan [5] Group 4: Technology and Product Development - Huawei launched the first wide-foldable phone, Pura X, with prices starting at 7499 yuan, showcasing advancements in mobile technology [6] - North Huachuang plans to participate in the public bidding for shares of Chip Source Micro, indicating strategic moves in the semiconductor equipment sector [12] - Lixun Precision announced plans to acquire subsidiaries related to consumer electronics system integration from Wenta Technology, aiming to enhance its competitive edge [13] Group 5: Market Trends and Opportunities - The automotive industry is expected to see significant growth in 2025 due to increased subsidies for new energy city buses, with sales of over 40,000 buses in 2024 [21] - Deep-sea technology has been highlighted in the 2025 government work report, indicating its potential for economic growth and technological innovation in marine resource development [22]

Group 1: Real Estate and Construction - New home prices showed a month-on-month decline of 0.1% across 70 cities, with first-tier cities experiencing a month-on-month increase, particularly Shanghai leading with a year-on-year increase of 5.6% [6][9][42] - The transaction area of new homes increased month-on-month, while the Shenzhen housing fund policy was significantly adjusted to enhance loan limits and support for families with multiple children [42][44] - The report maintains a "positive" rating for the real estate sector, suggesting that improved fiscal and monetary policies will help stabilize the housing market [9][43][44] Group 2: Banking Sector - Non-bank deposits showed a recovery in February, with a positive growth of 19.92 billion yuan, indicating a halt in the outflow trend [11][13] - The report highlights that the banking sector is expected to benefit from a declining cost of liabilities, with recommended stocks including Citic Bank and Agricultural Bank of China [15] - The credit demand remains weak, particularly in retail loans, while corporate loans are primarily driven by bill financing [14][15] Group 3: Machinery and Robotics - The year 2025 is identified as a pivotal year for humanoid robot mass production, with significant capital expenditure expected across the supply chain [17][21] - The report estimates that the market for electric motors used in humanoid robots could reach 25.4 billion yuan with a demand for 62 motors per robot [19] - Key beneficiaries in the machinery sector include companies like Qinchuan Machine Tool and Jizhi Co., which are positioned to capitalize on the growing demand for core components [21] Group 4: Consumer Services - The consumer services sector is experiencing growth driven by high-quality supply in the building block toy market, with a focus on cross-generational appeal [23][24] - The report emphasizes the potential for AI applications in the beauty industry, with significant sales contributions from live-streaming and influencer promotions [25][36] - Recommended stocks in the consumer services sector include Long White Mountain for tourism and various educational and beauty companies [26][37] Group 5: Building Materials - The report indicates a focus on building materials due to government policies aimed at stabilizing the real estate market, with recommendations for companies like Dongfang Yuhong and Weixing New Materials [28][29] - The cement industry is expected to benefit from energy-saving and carbon reduction initiatives, with a target to control cement clinker capacity by 1.8 billion tons by 2025 [29][30] - The building materials index has shown a slight increase, but it has underperformed compared to the broader market indices [30][31] Group 6: Media and AI Applications - The report highlights the growth of AI applications in gaming, with new titles leveraging AI technology for enhanced user interaction [35][36] - The potential for children's literature and toys is expected to rise due to government policies supporting child-rearing, with a focus on companies like Aofei Entertainment [37][38] - Recommended stocks in the media sector include Tencent and NetEase, which are well-positioned to benefit from advancements in AI technology [35][36]

Investment Rating - The report does not explicitly provide an investment rating for the industry [25]. Core Insights - The domestic market showed signs of recovery with the Shanghai Composite Index closing at 3379.83 points, up 0.41%, and the Shenzhen Component Index at 10861.16 points, up 0.33% [4][9]. - Among 30 sectors, 25 experienced gains, with notable increases in defense, food and beverage, and agriculture sectors, while automotive, electronics, and comprehensive finance sectors faced declines [4][9]. - The total trading volume for the A-share market was 15,198 billion, slightly down from the previous day [4][9]. - The U.S. stock market saw all three major indices decline, with the Dow Jones falling 1.14% and Apple shares dropping nearly 3% [2][4]. Summary by Sections Domestic Market Overview - The market experienced a rebound with the Shanghai Composite Index rising by 13.67 points and the Shenzhen Component Index increasing by 35.46 points [4][9]. - The ChiNext Index rose by 0.19%, while the Sci-Tech 50 Index fell by 0.4% [4][9]. - A total of 2881 stocks rose, while 2282 fell, indicating a generally positive market sentiment [10]. Overseas Market Overview - The U.S. stock indices all closed lower, with the Dow Jones down 478.23 points and the Nasdaq down 32.22 points [2][4]. - Chinese concept stocks saw a rise, with notable increases in Hesai Technology and Zeekr [2][4]. News Highlights - The China Securities Regulatory Commission emphasized the need to consolidate the market's recovery momentum and enhance strategic reserves [3][13]. - There is a noted acceleration of foreign capital inflow into Chinese assets, particularly from South Korean investors [16][17]. - The automotive market is becoming increasingly competitive with multiple new models launched simultaneously [18][19].

Core Viewpoint - The A-share market showed mixed performance in the morning session, with the Shanghai Composite Index down 0.14% and the Shenzhen Component Index up 0.02, while several stocks in the smart driving and radar sectors experienced significant gains [1][3]. Market Performance - As of noon, the Shanghai Composite Index was at 3375.17, down 4.66 points (-0.14%), the Shenzhen Component Index at 10863.06, up 1.90 points (+0.02%), and the ChiNext Index at 2198.74, down 5.29 points (-0.24%) [4]. - The Wande Smart Driving Index saw a peak increase of over 2% during the session, with stocks like Ruiming Technology, Yongxin Optical, and Derun Electronics hitting the daily limit [5][6]. Individual Stock Highlights - Dongfang Group (600811) experienced a "limit-up" movement after seven consecutive days of trading halts, with significant price volatility noted [8][12]. - The company announced it might face mandatory delisting due to serious financial misconduct, with the China Securities Regulatory Commission indicating substantial inaccuracies in its financial disclosures from 2020 to 2023 [13]. - Other stocks such as Yuanlin Co. and Liancheng Precision also saw consecutive limit-up trading days, with Yuanlin Co. projecting a net loss for 2024 [9][10]. Sector Performance - The media, entertainment, internet, and advertising packaging sectors showed strong gains, while the liquor and food and beverage sectors lagged [4]. - In the Hong Kong market, stocks like BYD and ZHOU DAFU led the gains, while YUEJIANG saw a peak increase of over 40% following the launch of a new humanoid robot [14][16]. Financial Performance of Key Companies - Hesai Technology reported a record revenue of 2.08 billion yuan for 2024, with a total delivery of 501,900 laser radars, marking a 126% year-on-year increase [7]. - The company anticipates continued strong growth in 2025, projecting revenues between 3 billion to 3.5 billion yuan and a significant increase in non-GAAP profits [7].

Core Insights - The report emphasizes the proactive role of financial institutions in discovering investment opportunities rather than merely relaying information [1] Domestic Financial Market - The average reserve requirement ratio for financial institutions is currently 6.6%, indicating potential for further reduction [4] - The Ministry of Commerce plans to introduce more practical measures to expand consumption, particularly in telecommunications, healthcare, and education sectors [4] - The China Securities Regulatory Commission is accelerating a new round of capital market reforms to enhance the entry of long-term funds [4] Industry Latest Developments - Monica.im has launched the world's first universal AI agent product, Manus AI, with related stocks including Yonyou Network (600588) and Kingsoft Office (688111) [5] - China Mobile, Huawei, and Leju have released the world's first 5G-A humanoid robot, with related stocks including Haichen Co., Ltd. (300873) and Landai Technology (002765) [5] - A "Brain-Computer Interface Standardization Roadmap" is set to be officially released at the 2025 Zhongguancun Forum, with related stocks including Dongfang Zhongke (002819) and Nanjing Panda (600775) [5] Focus on Listed Companies - Jinlongyu (002882) has successfully acquired 79,561.2 square meters of industrial land for the production of solid-state electrolytes and batteries [6] - Guangzhi Technology (300489) has completed the prototype development and testing of its infrared vehicle-mounted AI system, with plans for small-scale production and road testing in 2025 [6] - Zhongkong Technology (688777) has completed testing for its NAVIAI and the upcoming third-generation humanoid robot [6] - Mingxin Xuteng (605068) plans to increase its shareholding by 25 to 50 million yuan, not exceeding 2% of the total share capital [6] Market Review and Outlook - On March 6, the market opened slightly higher and continued to rise, with the Shanghai Composite Index up 1.17% closing at 3,381 points, and the ChiNext Index rising over 2% [7] - The market saw significant trading volume, with a total turnover of 1.91 trillion yuan, an increase of 412.6 billion yuan from the previous trading day [7] - The software services, internet, IT equipment, diversified finance, media entertainment, and semiconductor sectors showed strong gains, particularly driven by AI-related news [7] - Technical analysis indicates a potential upward trend if the index can maintain above 3,400 points, with consumer, healthcare, and new energy sectors showing signs of valuation recovery [8]

Core Viewpoint - The evolution of China's wealth over the past decade reflects a significant shift from real estate and consumer goods to hard technology and global markets, marking a transition from "land hegemony" to "hard technology hegemony" [1][4]. Group 1: Wealth Transition and Key Figures - In 2025, Lei Jun became the richest person in China with a net worth of 360 billion yuan, driven by Xiaomi's automotive production and high-end smartphone market share [3][4]. - Lei Jun's rise signifies a shift in the wealth hierarchy from consumer goods and real estate to hard technology and globalization [4]. - Huang Zheng, in 2024, reached a net worth of 350 billion yuan, indicating a transition in business logic from "consumption upgrade" to "supply chain revolution" [12][13]. Group 2: Business Strategies and Innovations - Xiaomi's "human-vehicle-home ecosystem" strategy has disrupted industry barriers, achieving a 70% self-research rate in key components through investments in 490 supply chain companies [9]. - The automotive business saw over 30 billion yuan invested over three years, with a successful cost reduction of 18% through supply chain equity swaps [10][11]. - Pinduoduo, under Huang Zheng, targeted lower-tier cities with a "low-price white label + social fission" model, achieving 788 million active buyers in 2020 [14]. Group 3: Globalization and Market Challenges - Zhang Yiming, also a 2024 billionaire, led ByteDance to a valuation of 200 billion dollars, leveraging TikTok's global user base and AI tools [19][20]. - TikTok's recommendation algorithm has transformed advertising strategies, with brands reallocating 80% of their budgets to short videos [20]. - Despite success, TikTok faces regulatory challenges in the U.S. and Europe, highlighting the need for compliance in global markets [21][52]. Group 4: Industry Evolution and Future Outlook - The wealth transitions of figures like Lei Jun, Huang Zheng, and Zhang Yiming illustrate the shift from leverage-driven growth to innovation-driven growth in China's economy [51]. - The emergence of hard technology as a new competitive advantage is evident in Xiaomi's automotive and ByteDance's AI developments [53]. - The future of wealth creation in China will likely focus on those who can address both social and technological challenges, as indicated by the evolving landscape of industries like solar energy and quantum computing [54].