Group 1 - The core theme of the news is the promotion of "industry-innovation integration" by Taizhou, which aims to enhance economic development through strategic collaborations and innovative projects [1][2] - Taizhou signed 9 major projects and 7 strategic cooperation agreements during its promotional activities in Beijing, marking a new phase of strategic collaboration with leading enterprises [1] - The city is focusing on building a modern industrial system characterized by the "Great Sea New Morning" initiative, emphasizing the development of landmark industries such as health, marine engineering, and high-tech shipbuilding [1][2] Group 2 - Taizhou is actively seeking external collaboration to drive industry-innovation integration, as evidenced by the recent cooperation with Shanghai to establish an offshore innovation center [2] - The city is committed to enhancing its core competitiveness by creating an industrial innovation platform and a dual pyramid system for scientific and technological cultivation [2][3] - Recent policies introduced in the Hai Ling District support the integration of technology and industry, with a focus on fostering innovation among enterprises [3][4] Group 3 - The establishment of the Peking University Medical Department's innovation center in Taizhou is aimed at facilitating local pharmaceutical companies' entry into clinical trials, thereby promoting innovation in the medical industry [3] - Taizhou has developed 27 high-energy scientific innovation platforms and 28 regional offshore innovation centers, which are crucial for enhancing the innovation ecosystem [4] - Since 2024, 53% of the industrial profits in Taizhou have come from the upgrading of traditional industries, while emerging industries have seen an average annual growth rate exceeding 15% [4]

Core Viewpoint - China's foreign trade showed resilience and growth despite the challenges posed by the US tariff war, with significant increases in both exports and imports in April 2023, indicating a strong economic recovery and adaptability of Chinese enterprises [2][14][28]. Trade Performance - In April 2023, China's total goods trade reached 3.84 trillion yuan, growing by 5.6%, with exports at 2.27 trillion yuan (up 9.3%) and imports at 1.57 trillion yuan (up 0.8%) [2]. - The growth rate of imports turned positive after a decline, reflecting a recovery in domestic demand [14][28]. Key Factors Driving Growth - High-tech product exports were a significant driver, with 1.52 trillion yuan in exports (up 7.4%), accounting for 18.1% of total exports [14]. - The export of marine engineering equipment and industrial robots saw substantial growth, with increases of 16.4% and 58.3% respectively [14]. - The rise in the number of private enterprises participating in foreign trade, which accounted for 56.9% of total trade, also contributed to the growth [25][27]. Market Diversification - Companies are diversifying their markets to mitigate the impact of tariffs, with exports to ASEAN, Latin America, and Africa increasing significantly [29]. - The share of exports to the US has dropped below 15%, indicating a strategic shift towards emerging markets [29]. Technological Advancements - The transition from low-value to high-value products is evident, with significant growth in exports of machinery and electronics, particularly integrated circuits and automobiles [30]. - Private enterprises are increasingly becoming the backbone of foreign trade, showcasing strong innovation capabilities [30]. Policy Support - The Chinese government is implementing supportive policies to reduce burdens on foreign trade enterprises, enhancing efficiency and competitiveness [33]. - The combination of policy measures and institutional reforms is expected to continue benefiting the foreign trade sector [31][33]. Long-term Implications - The ongoing tariff war is accelerating China's restructuring within the global supply chain, pushing for a transition from cost advantages to technological and brand strength [34].

Core Viewpoint - China's foreign trade has shown resilience and growth despite the challenges posed by the US tariff war, with significant increases in both exports and imports in the first four months of the year [1][19]. Group 1: Trade Data Overview - In April, China's total goods trade reached 3.84 trillion yuan, growing by 5.6%, with exports at 2.27 trillion yuan (up 9.3%) and imports at 1.57 trillion yuan (up 0.8%) [1]. - The overall foreign trade growth for the first four months was 2.4%, marking the second-highest level for the same period historically [1]. Group 2: Factors Driving Growth - High-tech products have been a significant driver of export growth, with exports of high-tech products reaching 1.52 trillion yuan, an increase of 7.4%, accounting for 18.1% of total exports [9][20]. - The diversification of markets has helped mitigate the impact of tariffs, with exports to the US dropping below 15% of total exports, while emerging markets contributed over 60% of the growth [19][20]. Group 3: Industry Innovations and Developments - Companies are leveraging advanced technologies, such as smart home products and automation, to enhance production efficiency and open new markets [3][12]. - The marine engineering and shipbuilding sectors have seen substantial growth, with exports from Shandong province exceeding 16 billion yuan, reflecting a shift towards a more integrated industrial ecosystem [11]. Group 4: Role of Private Enterprises - Private enterprises have emerged as a crucial force in sustaining foreign trade growth, with their exports accounting for 56.9% of total trade, growing by 6.8% in the first four months [18][20]. - The innovation capabilities of these enterprises have been bolstered by high tariffs, prompting accelerated research and development efforts [20].

5月9日，镇江高新区与市科技局、市工信局共同举办"镇江市船舶海工装备产业创新融合发展大 会"，通过深化校地合作、强化产业链协同、优化创新生态，为镇江打造具有全国影响力的船舶与海洋 工程装备产业集群注入强劲动能。 会上，市科技局介绍了镇江市船舶海工产业发展情况，镇江高新区进行了产业推介。针对镇江市、 镇江高新区船舶海工产业在技术转移转化、企业技术、投资合作等各方面的需求，江苏科技大学、澳门 城市大学等高校分别介绍了各自的科技创新情况与合作愿景。 会议现场为"先进船舶海工区域技术转移转化中心""船舶海工装置智能制造技术产学研联合创新平 台""船舶与海洋工程装备数字化创新中心"揭牌。镇江高新区与江苏科技大学共同建设的"先进船舶海工 区域技术转移转化中心"将实现创新链、产业链、资金链、人才链的深度融合，助力镇江打造国内领先 的船舶海工技术转化平台和创新创业孵化平台。 会上进行了密集的签约仪式。江苏科技大学与澳门城市大学达成战略合作共识，发挥各自的学科、 区位和资源优势，携手促进澳门与祖国内地同发展、共繁荣。镇江市船舶海工企业产学研合作协议签约 仪式上，江苏科技大学、澳门城市大学、江苏大学、江苏理工学院、镇江市高等专科 ...

内容概要：南通滨江临海、紧邻上海，是长三角中心区城市，是在江苏"1＋3"重点功能区中唯一肩负扬 子江城市群和沿海经济带建设双重任务的城市。作为江苏沿海经济带的关键增长极，南通紧扣长三角一 体化发展脉搏，以"616"现代化产业体系为战略支点——六大千亿级产业集群擎起发展脊梁，十六条优 势产业链织密产业网络，构建起船舶海工、高端纺织、新一代信息技术等战略领域协同发展的立体格 局。 上市企业：通富微电（002156.SZ）、林洋能源（601222.SH）、中国天楹（000035.SZ）、海力风电 （301155.SZ）、中天科技（600522.SH）、润邦股份（002483.SZ）、力星股份（300421.SZ）、如通股 份（603036.SH）、金通灵（300091.SZ）、通富微电（002156.SZ）、综艺股份（600770.SH）、神马电 力（603530.SH）、江海股份（002484.SZ）、捷捷微电（300623.SZ）、美年健康（002044.SZ）、爱朋 医疗（300753.SZ） 相关企业：招商局重工（江苏）有限公司、南通中远海运川崎船舶工程有限公司、神州龙芯智能科技有 限公司、南通联亚药业股份 ...

Core Viewpoint - The company reported a strong performance in Q1 2025, with revenue and net profit showing significant year-on-year growth, indicating robust business operations across various segments [1][2]. Financial Performance - In Q1 2025, the company achieved revenue of 4.537 billion yuan, a year-on-year increase of 14.81%, and a net profit attributable to shareholders of 631 million yuan, up 13.42% [1]. - The non-recurring net profit reached 597 million yuan, reflecting a substantial growth of 29.52% year-on-year [1]. Segment Analysis - The rail transit equipment business generated revenue of 2.347 billion yuan, a year-on-year increase of 10.72%, with the electrical equipment segment contributing 1.923 billion yuan [2]. - The emerging equipment business reported revenue of 2.171 billion yuan, up 20.88% year-on-year, with significant contributions from basic components and new energy vehicle electric drive systems [2]. - The overall gross margin for Q1 2025 was 33.50%, an increase of 3.84 percentage points from the previous year, driven by changes in revenue structure and cost reduction efforts [2]. Semiconductor Business - The semiconductor segment saw revenue of approximately 1.172 billion yuan, a year-on-year increase of 22.63%, with IGBT revenue growing by 35.01% [3]. - High-voltage IGBT revenue reached 403 million yuan, marking a remarkable year-on-year growth of 171.91% [3]. - New production lines are being established, with expectations to reach design capacity by the end of 2025 [3]. Deep Sea Business Strategy - The company aims to enhance its deep-sea robotics business through market opportunity capture, technological innovation, and improved manufacturing capabilities [4]. - There is a focus on developing electric and intelligent deep-sea equipment to meet the growing market demand in underwater oil and gas, wind power, and mining sectors [4]. - The company is confident in leveraging policy and market opportunities to drive growth in its marine equipment sector [4]. Future Outlook - The company maintains a "buy" rating, anticipating continued growth in rail transit and semiconductor sectors, with projected net profits of 4.35 billion yuan and 4.9 billion yuan for 2025 and 2026, respectively [4].

丨证券研究报告丨 联合研究丨公司点评丨时代电气（688187.SH） [Table_Title] 时代电气 25Q1 点评：扣非净利润同比+30%， 轨交装备+新兴装备双轮驱动 报告要点 [Table_Summary] 2025 年一季度时代电气轨交装备和新兴装备业务继续稳健发展。预计 2025 年轨交业务继续稳 中向上，半导体板块轨交电网 IGBT 景气向上；同时新能源发电、海工等板块经营向好，持续 看好公司轨交装备+新兴装备双轮驱动。 分析师及联系人 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_Author] 赵智勇 杨洋 倪蕤 钟智铧 屈奇 SAC：S0490517110001 SAC：S0490517070012 SAC：S0490520030003 SAC：S0490522060001 SAC：S0490524070003 SFC：BRP550 SFC：BUW100 时代电气（688187.SH） cjzqdt11111 [Table_Title 时代电气 25Q1 2] 点评：扣非净利润同比+30%， 轨交装备+新兴装备双轮驱动 [ ...

■本报记者 田耿文 通讯员 郇长亮 近年来，山东省委省政府围绕打造现代海洋经济发展高地，以做大做强现代海洋经济为目标，打造世界 级海洋创新平台，努力在建设海洋强国中"走在前、挑大梁"。 伴随山东加快海洋强省建设步伐，农行山东省分行持续改进和提升金融服务能力，明确支持重点，统筹 配置资源，助力经济大省在海洋建设中"挑大梁"。截至今年3月末，农行山东省分行海洋及相关产业贷 款余额83.9亿元，较年初增加4.8亿元。 为助力海洋种业发新芽，该分行聚焦水产种业"育繁推"一体化，联合育种平台和良种繁育龙头企业，围 绕优势水产品区域开展金融服务，支持北海渤海水产种苗繁育中心项目、明波水产现代渔业种业基地等 省级以上重点项目，累计投放海洋种业贷款1.7亿元。此外，农行山东省分行还积极助力渔业加工、冷 链流通等海产下游龙头企业发展，聚焦威海好当家、日照荣信等国家农业产业化重点龙头企业，助力企 业扩大产能。 农行山东省分行以"金融服务乡村振兴齐鲁样板烟台示范区"创建为契机，加力服务蓝色经济探索与布 局，赋能海洋牧场、远洋捕捞及加工、海洋生物制药、海洋化工、海洋能源、海洋旅游、港航物流、海 洋种苗、近海养殖、海工装备等"十大领域 ...

经过8个月的紧张建设，总投资1亿元的镇江高新区汽车电动滑移门系统及福祉座椅项目4月15日顺 利封顶。项目达产后，将新增工业销售收入约1亿元、税收超320万元。"从签约到开工建设全程帮办， 每个环节镇江高新区的进度都超过预期，为我们顺利投产争取了宝贵时间。"企业负责人李德云说。 "在特色产业提质、创新动能培育、园区能级提升等方面持续深挖潜力、放大优势，以更多实实在 在的高质量发展增量和特色标志成果为全省'挑大梁'多作贡献。"镇江高新区党工委书记顾小俊表示， 该区深入推进产业链招商、科技招商、存量焕新三大攻坚行动，以优质服务解决企业难题，全力实现跨 越发展。今年一季度，规模以上工业增加值增幅11.5%，固定资产投资与制造业投资分别增长10.1%和 22.6%，居镇江市前列。 满弓劲发 项目建设踏"春"提速 4月16日，镇江哈汽重燃及核电装备制造项目完成主体建设，现场工人们对暖通、水电、管网等进 行施工。作为省重大项目，该项目总投资10亿元，达产后年销售收入约11亿元，年税收总额3100万元。 项目建成后，哈电汽轮机（镇江）有限责任公司有望成为国内领先、行业一流的研发制造基地。 围绕镇江市"876"重点产业方向，镇 ...

证券代码：000039、299901 证券简称：中集集团、中集 H 代 中国国际海运集装箱（集团）股份有限公司 投资者关系活动记录表 编号：2025-07 投资者关系活 动类别 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称 及人员姓名 一季报电话会参加机构有： 永赢基金、平安资管、交银施罗德、华商基金、汇丰晋信基金、 北银理财、粤港澳大湾区共同家园发展基金、前方基金、上海孝 庸私募、上海混沌投资、华泰证券、国信证券、东吴证券、国投 证券、瑞银证券等 时间 2025 年 4 月 29 日 15:00-16:00 地点 中集集团总部 上市公司 接待人员 姓名 中集集团董事会秘书 吴三强 中集集团证券事务代表 何林滢 中集集团投资者关系高级经理 巫娜 中集集团投资者关系经理 韩晓娜 投资者关系活 动主要内容介 绍 2025 年第一季度电话会主要交流内容包括： 1、请介绍公司集装箱一季度的情况？公司如何看待未来集装箱 发展趋势？ 1 答：今年第一季度，全球集装箱贸易需求受美国加征关税影响呈 现抢运趋势。同时，根据弘景智库 ...