Core Viewpoint - The article discusses the collaborative development of industrial parks in Hainan, emphasizing the advantages of the Hainan Free Trade Port and the strategic partnerships with provinces like Hunan and Guangdong to enhance regional economic growth and innovation [1][4]. Group 1: Industrial Park Development - The SANY Xiangqiong (Hainan) Intelligent Manufacturing Industrial Park adopts a "two ends outside" model, importing second-hand engineering equipment from abroad, refurbishing it, and then exporting it, leveraging the free trade port policies to save on tariffs and transportation costs [4][5]. - The Xiangqiong Advanced Manufacturing Industrial Park has attracted 28 industrial projects with a total investment of 12.2 billion yuan (approximately 1.9 billion USD) within a year and a half of its establishment [2][4]. - The Guangdong-Hainan Advanced Manufacturing Cooperation Industrial Park has introduced 361 enterprises and 49 industrial projects with a total investment of 11.9 billion yuan (approximately 1.8 billion USD) [6]. Group 2: Policy and Economic Advantages - Hainan's free trade port features zero tariffs, low tax rates, and simplified tax systems, which are significant attractions for businesses looking to establish operations in the region [4][5]. - The "one line open, one line control" management system for goods entering and exiting the free trade port allows for tariff exemptions on goods that meet specific criteria, enhancing the economic appeal of Hainan [4][5]. - The expected long-term output value of the Xiangqiong Advanced Manufacturing Industrial Park is projected to reach 100 billion yuan (approximately 15.4 billion USD), generating tax revenues of 5 billion yuan (approximately 770 million USD) [5]. Group 3: Collaborative Framework - The collaboration between Hainan and other provinces has evolved from simple investment attraction to a comprehensive cooperation model involving government, industry, enterprises, and think tanks [1][7]. - The establishment of a full-chain cooperation system has been facilitated through top-level design, including signing cooperation agreements and enhancing intergovernmental communication [8][9]. - The introduction of a joint investment fund of 1 billion yuan (approximately 154 million USD) aims to attract social capital for park development and project management [13][14]. Group 4: Innovation and Standards - The partnership has led to the creation of a local standard for the maintenance and remanufacturing of second-hand engineering machinery, addressing trade barriers and enhancing export capabilities [12][13]. - Innovative investment models, such as public-private partnerships (PPP), are being encouraged to attract broader participation in park development [13][14]. - The establishment of dual incubators aims to provide comprehensive support for startups, facilitating the flow of innovation resources between Hainan and Guangdong [15].

以下文章来源于LP波谱 ，作者杨博宇 LP波谱 . 本账号专注LP市场报道。"波浪、谱系"是识别市场的维度，也是定义市场的坐标；此外，波谱（Pop Art）也意为放低意义与史诗的执念，认同商业的日常之美。 值得一提的是，这次遴选方案中，江苏列出了部分新增条款，直指返投认定标准。 比如，子基金管理人在管的其他基金（关联基金）投资江苏省内企业，也纳入返投认定范围，认定金 额按 80% 计算； 将投中网设为"星标⭐"，第一时间收获最新推送 聚焦LP出资、新基金、GP招募，捕捉LP圈一周商业情报。 作者丨 杨博宇 来源丨 LP波谱 江苏去年 6 月设立了总规模 500 亿元的战略性新兴产业母基金，包括 7 个区市共计 10 支产业专 项母基金。这一举动，被看做是江苏想要改变各市各自为政的投资格局，通过省级产业母基金助力全 省协调发展。 本周，其中 4 支专项母基金——徐州智能制造产业专项母基金、无锡低空经济和空天产业专项母基 金、无锡生物医药产业专项母基金、无锡集成电路产业专项母基金，共计 140 亿规模的母基金群再 次遴选 GP 。 子基金投资的企业在基金存续期内成长为国家级专精特新小巨人企业的，返投认定金额按 1 ...

债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 证券代码：000528 证券简称：柳 工 公告编号：2025-48 关于柳工转 2 转股价格调整的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 重要内容提示： 一、 可转换公司债券转股价格调整依据 经中国证券监督管理委员会《关于核准广西柳工机械股份有限公司公开发行可转换 公司债券的批复》（证监许可〔2023〕128 号）核准，广西柳工机械股份有限公司（以下 简称"公司"）于 2023 年 3 月 27 日成功向不特定对象发行 3,000 万张可转换公司债券， 每张面值 100 元，发行总额 30.00 亿元，期限 6 年。本期可转换公司债券于 2023 年 4 月 20 日起在深圳证券交易所挂牌交易 ，债券简称 "柳工转 2 "， 债券代码 "127084.SZ"。 第 1 页，共 4 页 柳工董事会公告 根据公司《向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集说明 书》"）"转股价格的调整方式及计算方式"条款规定， 在"柳工转 2"发行之后，若公司发 生派送红股、转增 ...

Core Insights - The company, Boleton, has successfully completed a significant step in its internationalization process by delivering 31 electric mining trucks to Africa, marking its first bulk delivery project in the region and highlighting the global presence of Chinese new energy mining equipment [1][3] - Boleton's strategic positioning as a "zero-carbon mining robot" emphasizes its comprehensive capabilities, including vehicle architecture, core power systems, intelligent control platforms, and operational services, which are essential for meeting the high standards set by clients like China Nonferrous Metal Mining Group [3][6] - The delivery of these electric mining trucks represents not just a product sale but a systematic output of capabilities, showcasing Boleton's development of a green ecosystem around intelligent logistics [3][6] Technical and Competitive Advantages - Boleton differentiates itself from international competitors through three main advantages: products developed from the ground up with open architecture and expandable functions, a focus on system delivery rather than single vehicle exports, and a global response system established for sales, technology, and service [6][8] - The company has demonstrated strong performance in extreme conditions, with a battery capacity retention rate of 88% after five years of operation, providing high availability and low maintenance costs [3][4] Future Strategies and Market Potential - Boleton plans to focus on three areas for future growth: enhancing core technology research, expanding overseas demonstration projects and localized service capabilities, and strengthening global brand recognition [8][10] - The company is well-positioned to capitalize on the growing demand for green equipment, particularly electric mining trucks, as global resource-rich countries accelerate the elimination of high-energy-consuming traditional mining equipment [6][10] - The recent order from Africa is seen as a crucial starting point that could lead to increased collaboration with state-owned enterprises, local governments, and international mining companies [8][10]

机械设备行业 | | 标配 | （维持） | | 5 月挖机内销短期承压，出口延续增长趋势 | | --- | --- | --- | --- | --- | | | | | | 工程机械行业跟踪点评 | | 2025 | 年 6 | 月 20 | 日 | 分析师：谢少威（SAC 执业证书编号：S0340523010003） | | | | | | 电话：0769-23320059 邮箱：xieshaowei@dgzq.com.cn | 事件： 5月挖机内销增速转负，累计销量保持较快增速。2025年5月挖机内销同比增速转负；工程机械主要产 品月平均工作时长、工程机械主要产品月开工率分别环比下降6.25%、2.45pct，我们认为主要系5月 进入淡季和年初透支部分需求导致。1-5月新增地方政府债券加速发行（新增一般债券发行金额、新 增专项债券发行金额分别同比增长19.73%、40.73%）将加速资金落地，叠加基建固定资产投资、更新 替换政策等持续发力，将有效支撑国内需求。出口方面，2025年4月工程机械出口贸易额为51.52亿美 元，同比增长12.46%，环比提升4.89%；1-4月累计出口贸易额为180.73 ...

Core Viewpoint - The legal opinion letter confirms that SANY Heavy Industry Co., Ltd. has met the necessary conditions for the second release of restrictions on its stock incentive plan, in compliance with relevant laws and regulations [1][14]. Group 1: Approval and Authorization - The company has obtained necessary approvals and authorizations for the second release of restrictions on its stock incentive plan, as outlined in the relevant proposals [8][14]. - Related directors recused themselves from voting on the proposals, and independent directors expressed their agreement [8][14]. Group 2: Specifics of the Release of Restrictions - The second release period for the restricted stock is defined as starting from the first trading day after 32 months from the initial grant date until the last trading day within 44 months, allowing for a release of 50% of the total granted restricted stock [8][12]. - The company granted a total of 22,386,250 restricted shares to 126 incentive recipients, with 10,174,200 shares eligible for release, representing 0.12% of the company's total shares [6][12]. - The performance assessment for the second release period requires the company to achieve either a 20% increase in revenue or net profit compared to 2022, with a target net profit of 5.975 billion [12][14]. Group 3: Compliance with Conditions - The company has not encountered any disqualifying events that would prevent the release of restrictions, such as negative audit opinions or violations of profit distribution regulations [9][10]. - The incentive recipients have also not been disqualified by regulatory bodies within the past 12 months [9][10].

Group 1: Trade Performance - In May, China's total goods import and export value increased by 2.7% year-on-year, with exports growing by 6.3% [1] - From January to May, trade with ASEAN, EU, and Belt and Road countries grew by 9.1%, 2.9%, and 4.2% respectively [1] - Private foreign trade enterprises in China showed strong market expansion capabilities, with their imports and exports growing by 7% year-on-year, including an 8% increase in exports and a 4.9% increase in imports [1] Group 2: Emerging Industries - The潮玩 (trendy toy) industry in Dongguan, Guangdong, is thriving, with products like the "Lion Dance" series gaining popularity in Europe, particularly in the UK, where 100,000 units were sold in a year [2] - Dongguan has over 4,000 toy manufacturing companies and 1,500 supporting enterprises, creating a robust industrial ecosystem for trendy toys [2] Group 3: Trade with Central Asia - Trade between China and the five Central Asian countries reached 286.42 billion yuan in the first five months, marking a 10.4% year-on-year increase [3] - Companies like Jianxing Special Vehicle Manufacturing Co. are successfully entering Central Asian markets, with orders exceeding 70 million yuan in the first quarter [3] Group 4: Regional Contributions - Zhejiang Province's foreign trade import and export value reached 2.24 trillion yuan from January to May, growing by 6.5% year-on-year, contributing 20.7% to national export growth [4] Group 5: Industrial Upgrades - Tianjin is redefining its port value as a new engine for industrial upgrades, with companies like Bomaike Ocean Engineering achieving significant project milestones [5] - Shandong's foreign trade enterprises are adapting to international market uncertainties through technological innovation and market diversification, exporting to over 50 countries [5]

Core Viewpoint - Boleton (01333.HK) has made significant progress in its international expansion by successfully delivering electric mining trucks to China Nonferrous Metal Mining Group for a key project in Africa, marking a critical step in its overseas strategy [1][3]. Group 1: International Expansion - Boleton's electric mining trucks are set to be shipped to Africa, indicating the company's commitment to expanding its market presence [1]. - The company won a bid to supply 31 electric mining trucks to China Nonferrous, which is a leader in international investment and cooperation in the non-ferrous metal sector [3]. - This project represents the large-scale application of Boleton's electric mining trucks in the African market, showcasing the company's global application capabilities under extreme conditions [3]. Group 2: Product Recognition and Innovation - Boleton's electric mining trucks have gained recognition from multiple state-owned enterprises, including previous deliveries to China Resources Cement [4]. - The trucks are widely used in various mining scenarios across several provinces in China, demonstrating their reliability and effectiveness [4]. - The company's continuous innovation in product technology and commitment to zero-carbon mining have contributed to its recognition among high-quality clients [4]. Group 3: Strategic Positioning and Future Outlook - Boleton is positioned as a benchmark enterprise for the industrialization of embodied intelligent technology, redefining the boundaries of smart engineering machinery [5]. - The successful entry into the African market signifies Boleton's role in promoting Chinese new production capacity on the global stage [5]. - The company aims to strengthen its international presence by focusing on innovation and aligning with international user demands, aspiring to build a globally competitive zero-carbon mining robot brand [5].

Group 1 - The power equipment industry is undergoing significant transformation due to the implementation of Document No. 136, which continues to promote power reform [1] - The green certificate trading rules in Guangzhou have clarified that green certificates cannot be traded twice and established a pricing mechanism [1] - Sichuan aims to cover 5% of its maximum load with a power demand response mechanism [1] Group 2 - The supply-side clearing in the photovoltaic industry is steadily advancing, with silicon material companies reducing production loads and leading firms planning capacity replacements, indicating a potential recovery in industry prosperity [1] - In the battery sector, the industrialization of solid-state batteries is accelerating, with total planned capacity nearing 450 GWh, and the 2025 Solid-State Battery Summit focusing on engineering challenges, expecting to break the 1 GWh milestone by 2028 [1] Group 3 - The European electric vehicle market continues to grow, with sales in the top ten countries increasing month-on-month in May, showing a steady rise in penetration rates and positive overseas demand [1] - The overall price of the photovoltaic industry chain is declining, with prices for silicon materials, silicon wafers, and battery cells continuing to drop, while module prices remain stable amid intensified industry competition [1] - Leading companies in the photovoltaic sector maintain high operating rates despite the competitive landscape [1] Group 4 - The Mechanical ETF (516960) tracks a segmented mechanical index (000812) compiled by China Securities Index Co., Ltd., selecting quality listed companies in high-end manufacturing and automation from the Shanghai and Shenzhen markets [1] - The segmented mechanical index focuses on manufacturing sectors with high technological content and growth potential, reflecting the trend of China's manufacturing industry towards intelligence and automation [1]

企业是生产和销售的"最前线"，能敏锐感知市场趋势，在提升产业实力上发挥着重要作用。安踏和中国 科学院海西研究院泉州装备制造研究中心携手推动人工骨骼未来鞋底新科技；晋工机械携手专业院校推 动自主电动装载机控制系统研发，实现新赛道布局；盼盼集团搭建"上海研发+晋江试产"的"中小试"平 台，打通从实验室到车间的"最后一公里"……在产业创新中，更好发挥企业的主体作用，构建起产学研 深度融合的创新环境，才能推动产业实现从产品优势向生态优势的质变。 培育壮大产业集群，不仅依靠企业摸爬滚打，也需要"有形之手"引导支持。前不久，福建省企业迁移登 记"一件事"改革在晋江率先落地生效。晋江企业跨区迁移告别"多地折返跑"，迈入"一网通办"新阶段。 高效便捷的政务服务，吸引越来越多企业落地晋江。此外，在集成电路、生物医药等行业，晋江有关部 门与龙头企业开展联合招商，"拉"来了产业链上下游，构建了产业发展的良好生态。把链式思维贯穿政 策制定过程，注重延链补链，集聚行业资源，培育产业集群，无疑是晋江发展新质生产力的一条重要经 验。 上世纪80年代初，晋江依靠"三来一补"起步，开启县域经济腾飞之路。如今，晋江已培育经营主体30多 万家，拥 ...