Core Viewpoint - The Consumer Price Index (CPI) in June turned from a decline to an increase of 0.1% year-on-year, ending four months of negative growth, influenced by the recovery of industrial product prices [3][4]. CPI Analysis - The CPI's year-on-year increase was primarily driven by a reduction in the decline of industrial consumer goods prices, which narrowed from 1.0% to 0.5% [4]. - Energy prices saw a reduced decline of 1.0 percentage points, contributing to a lesser downward impact on the CPI [4]. - Gold and platinum jewelry prices increased significantly, by 39.2% and 15.9% respectively, collectively contributing approximately 0.21 percentage points to the CPI increase [4]. - Food prices experienced a slight narrowing in their decline, with a year-on-year decrease of 0.3%, and beef prices turning to an increase of 2.7% after 28 months of decline [4]. PPI Analysis - The Producer Price Index (PPI) in June decreased by 0.4% month-on-month, maintaining the same decline rate as the previous month [7]. - The PPI's year-on-year decline expanded by 0.3 percentage points, influenced by seasonal price decreases in raw materials and increased green energy leading to lower energy prices [7][8]. - The construction sector faced challenges due to weather conditions, impacting the prices of black metal and non-metal mineral products, which fell by 1.8% and 1.4% respectively [8]. - Export-oriented industries are under pressure, with prices in the computer and communication equipment manufacturing sector declining by 0.4% [8]. Future Outlook - The future trajectory of industrial product prices will largely depend on the effectiveness of counter-cyclical adjustment policies, particularly those supporting the real estate sector [9]. - The government aims to promote a reasonable recovery in price levels, which will facilitate fiscal measures to boost consumption and investment [10].

Group 1: CPI Analysis - In June, the Consumer Price Index (CPI) turned from a decline to an increase of 0.1% year-on-year after four consecutive months of decline [3][4] - The core CPI, excluding food and energy prices, rose by 0.7% year-on-year, marking a 14-month high [7] - The decline in industrial consumer goods prices narrowed from 1% to 0.5% year-on-year, reducing the downward pressure on CPI by approximately 0.18 percentage points [6] Group 2: PPI Analysis - The Producer Price Index (PPI) fell by 0.4% month-on-month and decreased by 3.6% year-on-year, with the year-on-year decline widening by 0.3 percentage points compared to the previous month [6][10] - Factors contributing to the PPI decline include seasonal price decreases in raw materials, increased green energy leading to lower energy prices, and downward pressure on prices in export-oriented industries due to a slowdown in global trade [10][11] - The construction and infrastructure sectors faced challenges due to seasonal weather impacts, affecting project progress and contributing to the PPI decline [10]

Core Viewpoint - The economic situation in Zhuzhou is showing positive growth, particularly in the manufacturing sector, with a focus on advanced manufacturing and emerging industries driving this progress [1][3]. Group 1: Advanced Manufacturing Development - Zhuzhou's advanced manufacturing sector has seen a significant increase, with the added value of advanced manufacturing growing by 10.7% from January to May, contributing 55.2% to the city's industrial output [3][4]. - The investment structure in Zhuzhou has fundamentally shifted, with industrial investment growth rising from 5.5% to 17.5% since 2020, now accounting for 60.4% of fixed asset investment [3][11]. - The city is committed to a "manufacturing first" approach, integrating manufacturing and research to enhance innovation and productivity [3][4]. Group 2: Emerging Industries Growth - Emerging industries in Zhuzhou are flourishing, with significant growth observed in sectors such as wind power, electronic equipment manufacturing, automotive manufacturing, advanced materials, and biomedicine, all achieving double-digit growth [7][8]. - The city is optimizing its industrial landscape to promote emerging industries, leveraging its industrial foundation and research capabilities to foster new sectors like new energy equipment and industrial software [9][10]. - The successful application of Beidou technology across various fields is a testament to Zhuzhou's ability to convert technological advantages into industrial strengths [9]. Group 3: Industrial Investment and Future Potential - Industrial investment in Zhuzhou has consistently increased, with a notable 17.5% growth this year, indicating strong confidence in the local business environment and future market prospects [11][12]. - The city has attracted significant strategic emerging industry projects, such as the carbon silicon semiconductor equipment production base and the CRRC "dual carbon" industrial park, which are expected to bolster the new industrial landscape [12]. - Zhuzhou's focus on green and low-carbon technologies is evident, with numerous projects recognized for their environmental sustainability, positioning the city for future economic advancements [12].

Group 1 - Shenzhen Yuekunkun Environmental Industry Co., Ltd. and its affiliated companies have obtained a patent for a device and method to remove heavy metals from industrial wastewater, with the patent number CN119797516B, applied for on March 2025 [1] - Shenzhen Yuekunkun Environmental Industry Co., Ltd. was established in 2000, has a registered capital of 30 million RMB, and has participated in 56 bidding projects [1] - Shenzhen Yuekunkun Environmental Technology (Group) Co., Ltd. was established in 2013, has a registered capital of 10 million RMB, and has 9 patents [1] Group 2 - Fuzhou Pengkun Water Treatment Co., Ltd. was established in 2010, has a registered capital of 10 million RMB, and has participated in 17 bidding projects [2] - Shenzhen Yaozhuxing Technology Co., Ltd. was established in 2018, has a registered capital of 5 million RMB, and has 1 patent [2] - Shenzhen Jinguocheng Environmental Technology Co., Ltd. was established in 1999, has a registered capital of 6 million RMB, and has 1 patent [2]

Group 1: Economic Growth Indicators - In May, the industrial added value above designated size increased by 5.8% year-on-year, maintaining rapid growth [1] - The service production index grew by 6.2% year-on-year, with an acceleration of 0.2 percentage points compared to the previous month [1] - The total retail sales of consumer goods (referred to as "social retail total") increased by 6.4% year-on-year, with a growth acceleration of 1.3 percentage points compared to the previous month [1] Group 2: Consumer Spending Insights - The social retail total's year-on-year growth rate in May reached the highest level since early 2024, with a seasonally adjusted month-on-month growth of 0.93%, marking the highest level for the same period in the past five years [1] - Cumulative growth for service retail from January to May was 5.2%, which is an acceleration of 0.1 percentage points compared to January to April [1] - Factors supporting the acceleration in consumption growth include the old-for-new policy, "6·18" online shopping promotions, and the continuous release of new consumption drivers [1] Group 3: Fixed Asset Investment and Industrial Development - Fixed asset investment growth has slowed, but there are expectations for a rebound in infrastructure investment as funding becomes available [2] - The high-end, intelligent, and green development of industries is progressing steadily, with significant growth in key sectors such as automotive manufacturing and electronic equipment [2] - In May, the added value of the automotive manufacturing industry and computer communication and other electronic equipment manufacturing increased by 11.6% and 10.2% year-on-year, respectively [2] Group 4: Employment and Price Trends - The national urban survey unemployment rate in May was 5%, a decrease of 0.1 percentage points from the previous month, with youth unemployment rate declining for three consecutive months [3] - The Consumer Price Index (CPI) showed a slight year-on-year decline, with the decline rate remaining consistent with the previous month [3] - The core CPI, excluding food and energy, saw an increase compared to the previous month [3]

6月17日，江西省统计局、国家统计局江西调查总队联合发布的1至5月全省经济运行数据显示：我省工 业生产较快增长、投资动能持续增强、市场销售平稳增长，全省经济运行保持平稳。其中，全省规模以 上工业增加值同比增长8.4%，高于全国平均水平2.1个百分点。 今年以来，我省深入推进"1269"行动计划，持续提升产业整体竞争力，工业对稳增长的支撑作用更加凸 显。1至5月，全省38个规模以上工业大类行业中，26个行业增加值同比实现增长。其中，汽车制造业， 计算机、通信和其他电子设备制造业，有色金属冶炼和压延加工业均实现两位数增长。新质生产力加快 培育，全省装备制造业增加值、高技术制造业增加值同比分别增长13.6%、14.3%。企业效益保持高速 增长，1至4月，全省规模以上工业企业实现营业收入13351.2亿元、同比增长6.8%，实现利润总额515.6 亿元、同比增长13.2%。 我省积极对接落实各项存量政策和增量政策，大力引进一批大项目好项目，加力推进重大项目建设，不 断扩大有效投资。1至5月，全省固定资产投资同比增长5.4%；全省亿元以上在建项目7274个，完成投 资同比增长6.8%，拉动投资增长4.7个百分点；在制造 ...

Economic Growth - In May, the industrial added value above designated size increased by 5.8% year-on-year, maintaining a rapid growth rate [1] - The service production index grew by 6.2% year-on-year, with an acceleration of 0.2 percentage points compared to the previous month [1] - The total retail sales of consumer goods (referred to as "social retail total") increased by 6.4% year-on-year, with a growth acceleration of 1.3 percentage points compared to the previous month [1] Consumer Spending - The social retail total's year-on-year growth rate in May was significantly higher than the market consensus forecast [1] - The chief economist of China Minmetals Bank noted that the growth rate of social retail total reached the highest level since early 2024, with a seasonally adjusted month-on-month increase of 0.93%, the highest for the same period in nearly five years [1] - Cumulative growth for service retail from January to May was 5.2%, an increase of 0.1 percentage points compared to January to April [1] Investment Trends - Fixed asset investment growth has slowed, but there are expectations for a rebound in infrastructure investment as funding becomes available [2] - The National Development and Reform Commission aims to finalize the project list for this year's "two heavy" construction and central budget investment by the end of June [2] Industrial Development - The high-end, intelligent, and green development of industries is progressing steadily [2] - In May, the added value of the automotive manufacturing industry and computer communication and other electronic equipment manufacturing increased by 11.6% and 10.2% year-on-year, respectively [2] - Production of high-tech products such as 3D printing equipment and integrated circuits grew by 40% and 11.5%, respectively [2] Employment and Prices - The urban surveyed unemployment rate in May was 5%, a decrease of 0.1 percentage points from the previous month, with youth unemployment rate declining for three consecutive months [3] - The Consumer Price Index (CPI) saw a slight year-on-year decline, with the core CPI, excluding food and energy, showing an expanded increase compared to the previous month [3]

Economic Overview - In May, China's economy showed overall stability with several indicators improving, indicating the growth of new economic drivers and a sustained high-quality development trend [1][2] - The industrial added value above designated size grew by 5.8% year-on-year, while the service production index increased by 6.2%, accelerating by 0.2 percentage points from the previous month [3] - The retail sales of consumer goods rose by 6.4% year-on-year in May, with an acceleration of 1.3 percentage points compared to April [3] Consumption Trends - The growth in retail sales was significantly supported by the "old-for-new" policy, which led to substantial increases in sales of home appliances and communication equipment, contributing 1.9 percentage points to the overall retail sales growth [5] - The "6·18" online shopping promotion, starting from May 13, further accelerated online retail sales, which grew by 6.3% year-on-year in the first five months, accounting for 24.5% of total retail sales [5][6] - Holiday consumption showed positive trends, with domestic tourism increasing by 6.4% during the "May Day" holiday, and restaurant income growing by 5.9% in May [6][7] Industrial Development - The new economic momentum is also reflected in the high-end, intelligent, and green development of the industrial sector, with the added value of high-tech manufacturing growing by 8.6% year-on-year [8][9] - Key industries such as automotive manufacturing and electronic equipment manufacturing saw significant growth, with respective increases of 11.6% and 10.2% [8] - The production of new energy vehicles and lithium-ion batteries surged by 31.7% and 52.5%, respectively, indicating a strong shift towards green production [8]

Economic Overview - China's macroeconomic policies are well-prepared to respond dynamically to changing circumstances, ensuring stable economic operation [1][11] - In May, the total retail sales of consumer goods increased by 6.4% year-on-year, a significant rebound of 1.3 percentage points compared to April [1][3] - The industrial added value above designated size grew by 5.8% year-on-year in May, showing a slight decline of 0.3 percentage points from April [1][6] Consumption Growth - The increase in consumer spending is supported by several factors, including the "old-for-new" policy, promotional events like "6·18", and strong holiday consumption [3][4] - Retail sales of household appliances and communication equipment saw significant growth, contributing 1.9 percentage points to the total retail sales increase [4] - The restaurant sector experienced a year-on-year revenue growth of 5.9% in May, reflecting improved consumer confidence [4][6] Industrial Production - Industrial production remains robust, with a year-on-year growth of 5.8% in May, supported by macroeconomic policies and industrial upgrades [6][8] - The equipment manufacturing and high-tech manufacturing sectors outperformed the overall industrial growth, with increases of 9% and 8.6% respectively [6][8] - High-tech product output, such as 3D printing equipment and integrated circuits, saw substantial growth, with increases of 40% and 11.5% respectively [6] Investment Trends - From January to May, fixed asset investment (excluding rural households) reached 191,947 billion yuan, growing by 3.7% year-on-year [10] - Infrastructure investment grew by 5.6%, while manufacturing investment increased by 8.5%, contrasting with a decline of 10.7% in real estate development investment [10] - The issuance of new local government special bonds exceeded 440 billion yuan in May, indicating a strong push for effective investment [10] Future Outlook - The economic environment remains complex, with external uncertainties and domestic challenges persisting, necessitating continued policy support [1][8] - The focus will be on enhancing consumer capacity and willingness, improving the consumption environment, and promoting high-quality development [4][11] - The manufacturing investment growth rate is expected to gradually decline to around 8% by 2025, influenced by external pressures and domestic productivity improvements [10]

金融界2025年6月13日消息，国家知识产权局信息显示，深圳市铂科新材料股份有限公司、惠州铂科实 业有限公司、惠州铂科磁材有限公司、成都市铂科新材料技术有限责任公司、河源市铂科新材料有限公 司取得一项名为"一种贴片式电感器的制作方法"的专利，授权公告号CN115206669B，申请日期为2022 年08月。 天眼查资料显示，深圳市铂科新材料股份有限公司，成立于2009年，位于深圳市，是一家以从事仪器仪 表制造业为主的企业。企业注册资本28024.3115万人民币。通过天眼查大数据分析，深圳市铂科新材料 股份有限公司共对外投资了6家企业，参与招投标项目4次，财产线索方面有商标信息24条，专利信息 209条，此外企业还拥有行政许可12个。 惠州铂科实业有限公司，成立于2008年，位于惠州市，是一家以从事通用设备制造业为主的企业。企业 注册资本8000万人民币。通过天眼查大数据分析，惠州铂科实业有限公司参与招投标项目14次，专利信 息108条，此外企业还拥有行政许可100个。 来源：金融界 成都市铂科新材料技术有限责任公司，成立于2020年，位于成都市，是一家以从事软件和信息技术服务 业为主的企业。企业注册资本50 ...