完整早报音频，请点击标题下方小耳机收听 【两个女首富的商战升级】 在 A 股玻尿酸巨头华熙生物"炮轰"券商、美妆博主"大嘴博士"（郝宇） 质疑巨子生物重组胶原蛋白成分后，在端午假期，两大医美巨头再次发文喊话，措辞愈发激烈。 6 月 1 日 19 点 30 分，华熙生物在微信公众号上发布文章称有一家"擅长网络水军运营"的公司，虽 没有点名，却有所指。华熙生物还表示："如相关企业无法正视自身问题，华熙生物将向全社会公开 相关检测结果。"近 3 个小时后的 22 点 27 分，巨子生物在微信公众号上发文，贴上了上海东谱检 测技术服务有限公司的声明。巨子生物还在文中斥责："一家上市公司居然堂而皇之地颠倒黑白，恶 意指控。" "胶原蛋白和'重组的'胶原蛋白不是一个概念，'重组的'胶原蛋白多数情况下依然是多肽，并不能'重 组'为胶原蛋白。华熙生物反对的是这类名称游戏，不是胶原蛋白的科研和产业转化。" 6 月 3 日上 午，华熙生物方面向记者发来独家回应。明面上，是医美巨头在台前喊话，背后实则牵涉玻尿酸与重 组胶原蛋白在医美行业内展开的份额争夺战。而在两家巨头的舆论战背后，则站着两位女首富。此 前，巨子生物创始人范代娣登上 ...

Core Insights - The article highlights a shift in consumer behavior during the 618 shopping festival, focusing on quality and user experience rather than just price competition [1][11] - Haier Smart Home has achieved significant sales success, leading multiple categories on platforms like JD and Tmall, indicating strong market recognition and consumer trust [1][6][11] Consumer Trends - Consumers are increasingly seeking a balanced combination of price, brand, quality, logistics, and service, rather than just extreme cost-effectiveness [3][4] - High-income consumers in tier-one cities are particularly focused on enhancing their quality of life, which aligns with Haier's strategy of offering high-quality products [4] Product Performance - As of May 31, Haier's products, including refrigerators, washing machines, and water heaters, ranked first in multiple categories on major e-commerce platforms [1][6] - Specific products like the Haier Mountain Camellia 485 refrigerator and Haier Yunxi washing machine have become top-selling items, showcasing the effectiveness of their health-focused technologies [4][6] Technological Innovation - Haier's products incorporate advanced AI technologies that address specific consumer needs, such as food preservation and air quality improvement [6][8] - The company emphasizes the practical benefits of its technologies, which enhance user experience and solve everyday problems [6][8] Service and Quality Assurance - Haier Smart Home provides comprehensive service guarantees, including extended warranties and 24/7 customer support, ensuring a hassle-free experience for consumers [9][11] - The company has established a reputation for high-quality products that withstand rigorous testing, further solidifying consumer confidence [9][11] Market Strategy - Haier's approach focuses on respecting user needs and leveraging technology, service, and quality to create a valuable market presence [11]

Core Insights - Haier Smart Home has dominated the 618 shopping festival, achieving top rankings in multiple categories on Tmall's V list, indicating strong consumer preference for its products [1][3][5] Product Performance - Haier's washing machines, water heaters, air purifiers, and wine cabinets have all secured the top position in their respective categories, showcasing the brand's commitment to quality and user satisfaction [1][3] - Specific products like the Haier air conditioning unit, with its billion-level negative ion airflow, and the ultra-thin 10kg washing machine, which scored 9.8 in popularity, have led their categories [3][5] Consumer Trends - The 618 shopping festival has seen consumers increasingly focused on upgrading their home appliances for a better quality of life, with Haier's products being the preferred choice [1][5] - The demand for high-quality preservation in refrigerators and advanced washing technologies reflects changing consumer expectations [5][7] Technological Innovation - Haier's use of AI technology in its products, such as the magnetic control preservation technology in refrigerators and AI-driven washing machines, has enhanced user experience and satisfaction [5][7] - The integration of smart home solutions, like the Haier Little Red Flower series, demonstrates the company's commitment to providing comprehensive lifestyle enhancements [7] Market Strategy - Haier's strategy of focusing on user needs and satisfaction has been pivotal in maintaining its leading position in a competitive market [5][7] - The ongoing promotion of trade-in subsidies during the 618 festival has further incentivized consumers to upgrade their appliances [7]

Core Viewpoint - The article highlights the strong performance of Haier Smart Home during the 618 shopping festival, emphasizing its leading position in various home appliance categories based on sales data from JD.com [1][3]. Group 1: Sales Performance - Haier Smart Home achieved first place in multiple categories on JD.com, including refrigerators, washing machines, water heaters, and freezers, showcasing its strong market presence [1][3]. - Specific products like the Haier Mountain Camellia 485 refrigerator and Haier Cloud Stream 3.0 washing machine were noted as top-selling items in their respective categories [3][6]. Group 2: Product Features and Technology - The company has integrated advanced AI technologies into its products, such as full-space preservation technology in refrigerators and AI direct-drive cleaning technology in washing machines, enhancing user experience and product quality [6][9]. - The air conditioning unit features AI health air purification technology, which not only eliminates bacteria and viruses but also releases a high volume of negative ions for improved indoor air quality [6]. Group 3: Customer Service and Support - Haier Smart Home has implemented comprehensive customer service measures, including free delivery and installation, extended warranties, and dedicated customer support during the 618 promotion [9][11]. - The company ensures that customers benefit from national subsidy policies, allowing them to purchase high-quality appliances at lower prices [9].

Core Viewpoint - The legal opinion letter confirms that Hisense Home Appliances Group Co., Ltd. has met the necessary conditions for the second phase of unlocking and the repurchase and cancellation of certain A-share restricted stocks as per the 2022 A-share restricted stock incentive plan [1][11]. Group 1: Approval and Authorization - The company has completed the necessary approval and authorization procedures for the repurchase and cancellation of restricted stocks, including resolutions from the board of directors, supervisory board, and shareholders' meetings [3][5][11]. - Independent non-executive directors have provided their consent and independent opinions regarding the incentive plan [4][6]. Group 2: Unlocking Conditions - The second unlocking period for the restricted stocks is set to occur 24 months after the completion of the grant registration, which was completed on May 23, 2023, making the unlocking date May 23, 2025 [8][9]. - The unlocking conditions require that certain performance metrics and compliance with regulations are met, including a net profit growth rate of 244.23% from 2021 to 2024 [10][11]. Group 3: Repurchase and Cancellation Details - The repurchase and cancellation involve 755,634 shares of restricted stocks due to the departure of 6 incentive targets, adjustments in 8 positions, and performance evaluations of 82 individuals [11][12]. - The repurchase price is set at 5.157 yuan per share, and the funding for this repurchase will come from the company's own funds [11][12]. Group 4: Information Disclosure - The company is required to announce the resolutions related to the unlocking and repurchase within two trading days following the meetings of the board and supervisory board [12]. - The company will continue to fulfill its legal obligations for information disclosure as the incentive plan progresses [12].

Core Viewpoint - The announcement details the upcoming expiration of the second lock-up period and the first lock-up period of the remaining reserved shares under the 2022 A-share employee stock ownership plan of Hisense Home Appliances Group Co., Ltd, indicating that the conditions for unlocking have been met [2][4]. Summary by Sections Employee Stock Ownership Plan Approval and Implementation - The employee stock ownership plan was approved at the 2023 second extraordinary general meeting and involves a total of up to 11.7 million shares, including 2 million reserved shares, which represents approximately 0.86% of the company's total share capital of 1,362.725370 million shares [2][3]. Unlocking Conditions Achievement - The total number of shares eligible for unlocking in the second lock-up period is 2,971,500 shares, accounting for 0.21% of the company's total share capital. For the remaining reserved shares, 415,130 shares are eligible for unlocking, representing 0.03% of the total share capital [2][8]. Performance Assessment and Unlocking Criteria - The performance assessment for the employee stock ownership plan spans three accounting years (2023-2025), with specific annual net profit growth targets set for unlocking conditions. For 2024, the target net profit growth rate is set at 86%, with a trigger value of 69% [5][6]. Individual Performance Evaluation - The plan includes individual performance evaluations categorized into five levels (S, A, B, C, D), determining the unlocking ratio for each participant. Currently, 80 participants remain in the plan, with 73 achieving performance levels of S/A/B, allowing for a 100% unlocking ratio for the first lock-up period [7][8]. Post-Unlocking Arrangements - Following the unlocking period, the management committee will handle the rights associated with the employee stock ownership plan based on the authorization from the participants' meeting [8]. Ongoing Monitoring and Disclosure - The company will continue to monitor the implementation of the employee stock ownership plan and fulfill its information disclosure obligations in accordance with relevant laws and regulations [8].

Group 1 - The board of directors of Hisense Home Appliances Group Co., Ltd. held its third interim meeting of the 2025 fiscal year on May 27, 2025, with all nine directors present [1] - The board approved the unlocking of shares under the 2022 A-share employee stock ownership plan, with a total of 3,386,630 shares eligible for unlocking, representing 0.25% of the company's total share capital [2][3] - The board also approved the unlocking of 6,397,866 shares under the 2022 A-share restricted stock incentive plan, which accounts for 0.46% of the company's total share capital [3] Group 2 - The first unlocking period of the 2024 A-share employee stock ownership plan is set to expire on July 15, 2025, with 4,419,638 shares eligible for unlocking, representing 0.32% of the company's total share capital [4] - The board approved a proposal to repurchase and cancel 755,634 shares of restricted stock due to various reasons including employee departures and performance evaluations [5] - The board proposed amendments to the company's articles of association and related rules, including the abolition of the supervisory board, which will be replaced by the audit committee of the board [6] Group 3 - The board proposed to grant general authority to issue A-shares or H-shares, not exceeding 20% of the total issued shares, subject to shareholder approval [7][8] - The board also sought authorization to issue debt financing instruments, including various types of bonds, with a maximum term of 15 years [9][10] - The company plans to provide guarantees for its subsidiaries, with a total guarantee limit of up to RMB 8 billion for 2026 [14][15] Group 4 - The board approved the basic annual salary for the chairman at RMB 1.596 million before tax, which will be submitted for shareholder approval [13] - The board approved the appointment of a securities affairs representative, which will also be disclosed to shareholders [13] - The board proposed to hold the 2024 annual general meeting of shareholders, with all resolutions receiving unanimous support [15]

Core Viewpoint - Walmart's decision to raise prices on certain products in the U.S. due to increased costs from U.S. tariff policies highlights the conflict between U.S. economic policy and market dynamics, raising concerns among consumers and drawing criticism from President Trump [2][3]. Group 1: Price Increase and Economic Impact - Walmart plans to implement price increases that will become more noticeable in June, as the company faces significant supply chain cost increases due to tariffs imposed by the U.S. government [3][4]. - The company's first-quarter financial report showed a net profit of $4.49 billion, a decrease of over 12% year-on-year, indicating the financial strain caused by rising costs [3][4]. - Other companies are also raising prices in response to tariffs, including Microsoft, Ford, Mattel, Whirlpool, Ferrari, and Hermès, suggesting a widespread trend affecting various sectors of the U.S. economy [4][5]. Group 2: Consumer Sentiment and Economic Indicators - The Michigan Consumer Sentiment Index fell to 50.8 in May, marking a continuous decline for five months and the lowest level since June 2022, reflecting growing pessimism among American households regarding the economic outlook [5]. - The U.S. GDP contracted by 0.3% in the first quarter, marking the first negative growth in three years, which may further impact consumer spending and economic growth expectations [5]. - The U.S. government's tariff policies are projected to increase the tax burden on American households by $1,200 by 2025, exacerbating the financial strain on consumers [4][5].

32支球队、横跨六大洲、为期一个月的赛程，今年六月，扩军后的首届，也是史上规模最大的一届世俱 杯即将正式拉开帷幕。作为FIFA世俱杯首个全球官方合作伙伴，海信也在继赞助欧洲杯、世界杯后，再 次将扩充自身体育营销的国际赛事版图。 5月2 8日，海信正式发布世俱杯AI足球家庭焕新计划，通过产品升级、用户权益升级和终端场 景升级，围绕AI显示、AI空气、AI美食等观赛全场景，联合国际足联打造行业唯一的AI全景 世俱杯体验。 借助本次赞助世俱杯，海信在巩固现有体育营销的同时，正开启品牌出海加速时期——通过 赛事打开品牌认知，以AI赋能产品体验，在初步建立起全球知名的家电品牌后，海信开始向 更多元、更高端化的品牌价值转变。 体育营销再加码 加速开拓国际市场 自2 0 1 6年首度赞助欧洲杯以来，海信已经连续赞助了三届欧洲杯与两届世界杯，借助两大国 际足球赛事的影响力，成功在全球市场打响了品牌知名度。 高额且精准的营销投放为海信的出海增长打开了局面。数据显示，自2 0 1 6年以来，海信全球 营 收 增 长 了 1 倍 ， 海 外 收 入 增 长 3 倍 ， 自 主 品 牌 占 比 由 5 1 . 8% 提 升 到 8 ...

Core Insights - The seminar focused on expanding into the Brazilian market and leveraging Macau's bilingual talent and financial services to assist companies in entering Portuguese-speaking countries [1][3][6] Group 1: Seminar Overview - The fifth session of the "Cooperation Zone Sino-Portuguese Economic and Trade Service Enterprises Exchange Seminar" was held, attracting 44 entrepreneurs over three days [3][4] - A total of five seminars have been conducted since the project's inception, involving 239 companies and 280 representatives, with 11 experts providing insights on various relevant fields [4][6] Group 2: Market Opportunities - The seminar aimed to help businesses capture the latest policies and dynamics in Portuguese-speaking countries, particularly Brazil, and develop actionable market entry strategies [6][11] - The Brazilian market is driven by three factors: a young population, lagging digital infrastructure, and open policies, presenting significant opportunities for Chinese companies [11] Group 3: Practical Insights - Gree International Trade's Vice President shared practical experiences in expanding into Portuguese-speaking markets, emphasizing Macau's advantages [8] - Participants received in-depth training on Brazil's macro market analysis, company registration, and cross-border taxation, enhancing their confidence in operating in Brazil [8][13] Group 4: Legal and Compliance Considerations - Legal experts highlighted the complexities of Brazil's tax system, advising companies to understand local tax regulations before investing [10][13] - The seminar included a presentation from the International Tax Management Department of the National Taxation Administration, focusing on Brazil's tax system [13] Group 5: Future Initiatives - The seminar series will continue monthly, with the next session scheduled for June 24-26, aimed at fostering Sino-Portuguese economic cooperation [16] - The cooperation zone will enhance policies and services to facilitate investment approvals and improve the ease of doing business with Portuguese-speaking countries [16]