1、 国家发展改革委会同商务部、市场监管总局29日发布 《关于开展市场准入壁垒清理整治行动 促进全国统一大市场建设的通知》 ，进一步大力破 除市场准入壁垒，全面清理和整改违规设置市场准入壁垒的各类不合理规定和做法，建立健全线索归集、核实整改、案例通报等长效机制，让"非禁即 入"落地生根，营造公平的市场准入环境。 本次清理整治的重点是，以地方性法规、规章、行政规范性文件、其他政策性文件等形式设立和实行的违反 市场准入制度要求的各类规定文件，以及各级政府违规设置市场准入壁垒的各类做法情形。 今日导读 1. 记者获悉，近日，国家发展改革委已印发通知，会同财政部及时向地方追加下达今年第二批810亿元超长期特别国债资金，继续大力 支持消费品以旧换新。 国家发展改革委副主任赵辰昕4月28日表示，今年前两批消费品以旧换新资金一共下达超过1600亿元，后续还 有1400亿元左右，会根据各地支付进度陆续下达。 2. 贵州茅台(600519)4月29日晚间发布一季报，2025年第一季度营收为506.01亿元，同比增长10.54%；归母净利润为268.47亿元，同比 增长11.56%。 3. 新华保险4月29日晚间公告称，经董事会 ...

The stock market is in turmoil due to tariffs this year, and one sector that's taking a big hit is retail. The SPDR S&P Retail ETF has declined by more than 14% since January, as investors worry about rising costs yet again for many retailers. Even if prices don't increase, a recession could lead to consumers pulling back on purchases. Skipping a trip to Costco can sometimes be an easy way to save money by avoiding the temptation to purchase a lot more than you intended. If consumers do that and Costco's gr ...

Group 1 - The report highlights the positive economic outlook in China, with the central government emphasizing coordinated macro policies to boost confidence and promote high-quality development [1][22][23] - The focus on artificial intelligence is reiterated, with the government aiming to leverage its advantages to ensure safe and beneficial development in this sector [1][22] - The report anticipates a recovery in the military industry, driven by geopolitical tensions and increased allocations from active funds, particularly in the military electronics sector [3][9] Group 2 - The pet food market is experiencing significant growth, with the urban pet consumption market reaching 300.2 billion yuan, reflecting a 7.5% year-on-year increase [5][8] - Online sales channels are dominating the pet food market, with 80% of pet owners purchasing main food through traditional online platforms, and Douyin's pet category seeing a 65% year-on-year growth [5][8] - The report identifies a shift in consumer behavior towards premium pet products, driven by younger pet owners who are willing to spend more on their pets [5][8] Group 3 - The semiconductor testing equipment sector is showing strong demand recovery, with the company reporting a 45.21% year-on-year revenue increase in Q1 2025 [9] - The company is expanding its international market presence, with a new production center in Malaysia aimed at enhancing service capabilities [9] - The military aviation sector is also highlighted, with a significant increase in revenue from training aircraft, reflecting a growing demand both domestically and internationally [9][10] Group 4 - The home appliance sector is benefiting from strong overseas demand, with a 21.68% year-on-year increase in export revenue, while domestic sales are under pressure [10][11] - The company is expected to see a gradual recovery in domestic sales due to low base effects, despite current challenges [10][11] - The report projects a positive outlook for the company, with anticipated revenue growth driven by international markets [10][11] Group 5 - The energy sector is experiencing stable performance, with a reported 15.62% year-on-year revenue increase in 2024, and a focus on expanding natural gas infrastructure [17][18] - The company is actively investing in pipeline construction to enhance its distribution capabilities, which is expected to support future growth [17][18] - The report indicates a strong commitment to shareholder returns, with a dividend payout ratio of 69.12% in 2024 [17][18]

Core Insights - The company reported a strong performance in Q1 2025, with sales of goods and services reaching ISK 37,786 million, a year-on-year increase of 17.3% [4] - Profit for the quarter amounted to ISK 279 million, reflecting a 35.2% increase from the previous year [4] - The EBITDA guidance for the year 2025 remains unchanged at ISK 14,400 – 14,800 million [4] Financial Performance - Sales of goods and services increased by 17.3% year-on-year, with a 3.0% increase when excluding the impact of Lyfja [4] - The profit margin improved to 24.4%, up by 2.6 percentage points from Q1 2024 [4] - Operating expenses rose by 28.9% year-on-year, while the number of full-time equivalents increased by 281 [4] Strategic Developments - The company plans to open a new store in Reykjanesbær and close a smaller store in the same area [4] - An acquisition of property in Hafnarfjörður was made to secure key locations for future development [4] - New fuel pumps will be opened at Fiskislóð, with closures at Ægissíða as part of an agreement with the City of Reykjavík [4] Market Outlook - The company anticipates a good outlook for the summer season, which is critical for its operations [6] - Despite uncertainties in global markets due to tariff increases and policy changes, management believes the impact on operations will be minimal [6] - The company emphasizes strong foundations and technical infrastructure, indicating confidence in navigating market challenges [6]

证券代码：601010 证券简称：文峰股份 编号：临 2025-016 二、报告期内无新增门店情况。 三、报告期内主要经营数据： （一）主营业务分行业情况 单位：元 币种：人民币 分业态 主营业务收入 主营业务成本 毛利 率% 收入 增减% 成本 增减% 毛利率 增减% 百货 222,696,031.11 75,153,675.34 66.25 -16.62 -11.69 -1.89 超市 96,588,575.68 81,514,788.19 15.61 -17.01 -15.66 -1.35 电器 83,260,249.90 66,463,142.44 20.17 3.73 5.16 -1.08 购物中心 2,892,445.08 2,551,494.05 11.79 -23.61 -23.55 -0.07 其他 689,010.58 273,734.12 60.27 -39.27 -35.13 -2.53 合计 406,126,312.35 225,956,834.14 44.36 -13.34 -9.15 -2.57 | （二）主营业务分地区情况 | | --- | 单位：元 币种：人民币 文峰大世界 ...

证券代码：600859 股票名称：王府井 编号：临 2025-037 王府井集团股份有限公司 2025 年第一季度经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据上海证券交易所《上市公司自律监管指引第 3 号——行业信息披露》"第 四号——零售"要求，现将王府井集团股份有限公司（以下简称"公司"）2025 年第一季度经营数据披露如下： | 地区 | 经营业态 | | 新开门店 建筑面积/租赁面 | 关闭门店 | 建筑面积/租赁面 | 期末门店 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 门店 | | 门店 | | 门店 | 建筑面积/租赁面 | | | | 家数 | 积 （万平方米） | 家数 | 积 （万平方米） | 家数 | 积 （万平方米） | | 华北地区 | 购物中心/百货/奥特莱斯 | 0 | 0 | 3 | 18.2 | 24 | 136 | | 华中地区 | 购物中心/百货/奥特莱斯 | 0 | 0 | 0 | 0 | ...

Core Viewpoint - Adidas has indicated that U.S. tariffs imposed by the Trump administration will lead to price increases for all its products sold in the U.S. market, which is affecting its ability to raise its full-year outlook despite strong first-quarter profits [1][3]. Group 1: Impact of Tariffs - The company is "somewhat exposed" to tariffs on products made in China, currently at an effective rate of 145%, but has minimized exports of these products to the U.S. [2] - The most significant impact is from the general increase in U.S. tariffs on other countries, which are currently at 10% while trade negotiations are ongoing [2]. - Adidas has stated that the uncertainty surrounding tariff negotiations makes it impossible to quantify the final impact on costs and consumer demand for its products [3]. Group 2: Production and Supply Chain - Adidas is unable to produce almost any of its products in the U.S., relying on factories in countries like Vietnam and Cambodia, which face U.S. tariffs exceeding 40% in the absence of a trade deal [3][4]. - The retail sector, including both low-cost e-retailers and luxury brands, is facing similar challenges regarding price hikes and potential impacts on consumer demand due to tariffs [4].

距离五一假期越来越近，北京多个商圈、商场的新一轮假日经济进入"预热"阶段。包括首店、首展、首秀等在内的首发经济，丰富消费者假日生活的各 种"主题节"，以及希望借助假日聚客的新项目，持续推动北京的假日文旅消费从"量变"到"质变"的转化。 多家首店五一前齐亮相 在五一假期到来之前迎来东西区"合体"的北京超极合生汇或将成为这个假日很多消费者的"必打卡"场所。新京报记者注意到，从一年前的东区开业，到如今 的东西区"合体"，时间节点都选择了五一假期前期。假日经济的加持，也为这座京北商业地标收获亮眼成绩。据相关负责人介绍，北京超极合生汇东区开业 一年时间，客流超过4000万人次，销售超30亿元，单日最高客流超30万人次。东西区"合体"两天活动吸引了客流41.5万人次、销售额突破2000万元。 北京超极合生汇迎来"合体"。受访者供图 新开业的西区在东区"超极好玩"的定位基础上，强化"超极好玩"的标签，引入近300个年轻力品牌，涵盖35%的各类首店及旗舰店，包括超级安踏北京首 店、DIDIMAX北京首店、CAMEL ACTIVE全国旗舰店、Meland club国内首家投影创新艺术旗舰店、小象动悟公园京北旗舰店、好孩子gb、 ...

Group 1: Market Overview - The stock market has recently rebounded as investors assess the impact of tariffs on global trade, yet many stocks remain significantly below their all-time highs [1] - Market drawdowns present opportunities for investors to acquire growth stocks at discounted prices, which can lead to long-term wealth accumulation [2] Group 2: Taiwan Semiconductor Manufacturing (TSMC) - TSMC is the world's largest manufacturer of advanced semiconductors, serving major clients like Apple and Nvidia, and is positioned well in the growing cloud computing and AI markets [3] - TSMC reported trailing-12-month revenue of $97 billion, with its high-performance computing segment accounting for 59% of sales and experiencing 7% quarter-over-quarter growth [4] - The company boasts a 48.5% operating margin due to its dominant market position, allowing it to sell products at premium prices [5] - TSMC's stock is currently down 27.5% from all-time highs, trading at a price-to-earnings ratio of 21, indicating potential for significant growth over the next decade [6] Group 3: Coupang - Coupang, a South Korean e-commerce platform, is trading over 50% below its all-time highs despite strong business growth and increasing profitability [7] - The company achieved a 29% year-over-year growth in gross profit last quarter, with a gross margin of 29%, and has been positive in free cash flow since early 2023 [8] - Coupang's overall revenue reached $30 billion in 2024, with a 136% year-over-year growth in the first quarter, excluding inorganic revenue [10] - With a market cap of $42 billion, Coupang trades at a price-to-sales ratio above 1, suggesting it is undervalued given its growth potential [11] Group 4: Rocket Lab - Rocket Lab has seen its stock decline nearly 29% from all-time highs, despite a 78% year-over-year revenue increase to $436 million in 2024 [13] - The company currently operates the Electron rocket and plans to launch the Neutron, which has a larger payload capacity, potentially increasing revenue per launch [14] - Rocket Lab is developing a robust space systems division and aims to build a satellite constellation, which could significantly enhance its revenue in the long term [15] - With a market cap of $10 billion, Rocket Lab's stock may appear overvalued relative to its current revenue, but successful execution of its product roadmap could lead to substantial future growth [16]

Core Insights - Apranga Group's retail turnover for Q1 2025 reached EUR 73.8 million, reflecting a 2.2% increase compared to the same period in 2024 [1] - The unaudited consolidated profit before income tax for Apranga Group was EUR 0.4 million in Q1 2025, a decrease from EUR 1.3 million in Q1 2024 [1] - EBITDA for Apranga Group in Q1 2025 was EUR 5.9 million, down from EUR 6.4 million in the corresponding period of 2024 [1] Financial Performance - Retail turnover: EUR 73.8 million in Q1 2025, up 2.2% year-over-year [1] - Profit before income tax: EUR 0.4 million in Q1 2025, down from EUR 1.3 million in Q1 2024 [1] - EBITDA: EUR 5.9 million in Q1 2025, decreased from EUR 6.4 million in Q1 2024 [1] Additional Information - Unaudited interim consolidated financial statements for Q1 2025 are available for review [2] - Managers' confirmation letter is also included in the attachments [2]