Group 1 - Millennial Potash Corp. welcomes the election of President Brice Oligui Nguema, who secured 90.35% of the vote in a recent election with a voter turnout of 70.4% [1][2] - President Nguema has been instrumental in guiding Gabon through political and economic transformations since August 2023, focusing on stabilizing the nation and fostering economic growth [2][3] - The election of President Nguema marks a new era for Gabon, with a commitment to infrastructure improvements that align with Millennial Potash's goals for the Banio Potash Project [3][4] Group 2 - Millennial Potash looks forward to continued collaboration with the Gabonese government under President Nguema's leadership to achieve shared objectives and drive sustainable growth [4]

Group 1 - The research team, led by the Director of the Changsha Data Bureau, conducted a visit to ZTE's Changsha base and the Changsha Comprehensive Data Annotation Base, highlighting the importance of industry data space construction and collaboration among upstream and downstream enterprises [1][4] - Changsha has been selected as one of the seven cities to undertake the national data annotation base construction task, aiming to create a comprehensive base supported by the city's digital industry and relevant park resources [4][5] - The Changsha Information Industry Park, designated as a comprehensive data annotation base, has attracted multiple annotation companies and achieved a data annotation scale of 9,700 TB, contributing significantly to the establishment of the national data annotation base [5] Group 2 - The Changsha Comprehensive Data Annotation Base aims to build a smart annotation service platform, providing full-chain services including supply-demand matching, intelligent annotation, and talent training to support the development of the data annotation industry [5] - The park is encouraged to enhance its promotional efforts and attract investments, leveraging its advantages to create diverse application scenarios for data annotation and artificial intelligence enterprises [5] - The Data Annotation Association is expected to play a crucial role in connecting resources and fostering a collaborative environment to promote the growth of the digital economy [5]

裘翔｜中信证券首席A股策略师 S1010518080002 板块配置｜六大主线板块当前处在什么位置？ 一个季度过去了，市场最关注的几个主线板块都处在什么位置？后续还可以期待什 么？我们从股价、估值、基本面等维度自上而下梳理了科技、消费、医药、新能源、 红利、出海六大板块一季度运行动态，并给出了相关配置线索。 风险因素：中美科技、贸易、金融领域摩擦加剧；国内政策力度、实施效果及经济复 苏不及预期；海内外宏观流动性超预期收紧；地缘政治风险。 尹欣驰 ｜中信证券 汽车及零部件行业首席分析师 S1010519040002 商用车｜卡车电动化最后一块拼图：重卡混动发展前瞻 重卡新能源化进展如火如荼，趋势明确不可逆。但现有主流的纯电动重卡受限于续航 里程限制，主要在短途和特定场景下渗透，中长距离场景的新能源化仍待开拓。复盘 乘用车新能源化进程，混动车型于纯电车型普及后两年开始加速渗透，我们认为混动 也将成为重卡新能源化的最后一块拼图。混动重卡在政策大力支持的新能源重卡范畴 内、且在中长距离运输场景中满足高效运输需求，经济性表现远超柴油重卡、且混动 技术已较为成熟，我们认为其已具备大范围商业化基础。我们预计2024/202 ...

Core Viewpoint - Millennial Potash Corp. has initiated its Phase 2 drilling program at the Banio Potash Project in Gabon, aiming to enhance potash resources and prepare for a feasibility study [1][2]. Drilling Program Details - The Phase 2 program includes two potash-specific drill holes totaling approximately 1,100 meters, extending historic hole BA-001 by about 400 meters and drilling a new hole BA-004 to a planned depth of 700 meters [1][2]. - Hole BA-001 was previously drilled to a depth of 364 meters in 2017 and will now be extended to evaluate deeper potash horizons [2][3]. - Hole BA-004 is located approximately 4 kilometers east of BA-001 and is designed to assess the lateral extent of potash horizons in an untested area supported by seismic surveys [3]. Objectives and Expected Outcomes - The objectives of the Phase 2 program are to evaluate the presence of potash-rich horizons at depth and laterally, which may extend the known mineralization strike length to 8,000 meters [4]. - Current Indicated Mineral Resource Estimate (MRE) stands at 657 million tonnes grading 15.9% KCl, while Inferred MRE is at 1.159 billion tonnes grading 16% KCl [4]. - The drilling data may allow for upgrading some resources from Indicated to Measured status and potentially shift Inferred material to Indicated status [4]. Financial Position - Millennial Potash has recently closed a financing round of $4.9 million, ensuring adequate funding for the second drill program and a revised 43-101 resource estimate report [2][4]. Timeline - The Phase 2 drill program is expected to be completed in Q2 2025, followed by a revised Mineral Resource Estimate also planned for completion in Q2 2025 [5].

证券研究报告 | 行业点评报告 2025 年 03 月 17 日 阿里推出AI旗舰应用新夸克,商务部将推出120余项餐饮促消费活动 本周餐饮旅游板块指数上涨 2.53%，表现强于沪深 300 指数(上涨 1.59%)和创 业板指数(上涨 0.97%)；商贸零售板块指数本周上涨 3.05%，表现强于沪深 300 指数和创业板指数。 本周子板块相关观点：1）电商：行业竞争格局好于预期，龙头电商公司估值低 位，推荐阿里巴巴、京东集团、拼多多、唯品会。2）OTA：携程出境游&海外 业务延续高增长，关注出境游修复进程及海外市场拓展情况，推荐携程集团。3） 本地生活：外卖及到店空间与壁垒仍具，盈利弹性凸显，重点推荐美团。4）共 享出行：龙头份额企稳、盈利增长潜力大，推荐滴滴出行。 风险提示：宏观经济风险；行业竞争加剧；旅游行业系统性风险。 推荐（维持） 行业规模 | | 占比% | | | --- | --- | --- | | 股票家数（只） | 132 | 2.6 | | 总市值（十亿元） | 1121.3 | 1.4 | | 流通市值（十亿元） | 1020.5 | 1.4 | 行业指数 | % | 1m | 6m ...