家庭消费正在持续升级！近日，《广东省提振消费专项行动实施方案》（以下简称《实施方案》）正式 印发，提出8个方面31条举措综合施策。 在居民消费中，汽车、家电、住房等大宗消费占比较大。广东省商务厅数据显示，2024年汽车以旧换新 带动新车销售45万辆，销售额超800亿元。今年3月份广东全省实现社消零同比增长5.8%，单月增速创 近12个月新高。今年1-3月，全省落实消费品以旧换新销售额690亿元。此次《实施方案》也明确将"以 旧换新"作为核心抓手，通过"财政补贴+企业让利+金融赋能"模式，释放家庭消费潜力。数据显示，截 至5月19日，广州市消费品以旧换新带动销售额 351.6亿元，销售额位列全省第一，政策实施效果初显。 家电以旧换新：精准扩围匹配消费需求 广州市民谭先生在苏宁易购天河店以旧换新购买原价万余元的油烟机，叠加厂商补贴和以旧换新补贴等 多重优惠后，仅需6000元，较原价节省约41%；深圳市民曾先生近日搬新家，在京东上置办了空调、洗 衣机、电视机、微波炉等多款电器，以旧换新补贴让他省下了数千元。 这并非个案，"以旧换新"撬动的家庭消费热潮正升起。今年，聚焦广大消费者实际需求，商务部门扩大 了换新补贴的品 ...

山东布莱特威健身器材有限公司生产车间。路龙帅摄 "我们与河北工业大学人工智能与数据科学学院自动化系教授郭欣团队合作，共同研发的适老化智慧健 身器材，可依据老年人体质精准生成个性化运动处方。"山东美能达健身器材股份有限公司总经理杨欣 山告诉记者，在郭欣教授的指导下，企业订单大幅增长，其中超过七成的产品远销欧美市场。 在宁津县，美能达、宝德龙、力康来等健身器材企业加强医疗康复设备研发，生产康复训练器及多功能 电动病床、油压缸循环训练器等产品，2024年销售量约5300台，产值约800万元，进一步优化扩大养老 服务供给。 "深挖银发经济消费潜力，从做优服务上下功夫，通过做强主体、做强项目、做大规模，推动银发经济 提质扩容。"宁津县发展和改革局局长张涛说。 如今，银发经济带动全县五金精密制造、工业软件开发等多个配套产业发展，更催生出智能康养服务等 新业态。"我们正在构建适老化智能家居生态系统，未来将实现安全监测、健康数据管理、应急呼叫等 功能的家具集成。"邦杰适老化家具副总经理郭华伟说。（经济日报记者 王金虎） 山东邦杰适老化家具有限公司展厅内，一系列适老化产品琳琅满目。该公司通过整合各产业链的资源优 势，提供适老化 ...

Investment Rating - The report maintains a "Strong Buy" rating for the machinery sector [4] Core Insights - Major companies like Huawei and Tencent are actively collaborating with robotics manufacturers, leveraging their capabilities in application scenarios and AI infrastructure to enhance model training and R&D efficiency, which is expected to accelerate the commercialization of humanoid robots [1][11][41] - The China Securities Index Company has launched the Innovation and Entrepreneurship Robotics Index, which includes 34 companies, indicating a potential influx of capital into the robotics sector, supporting continued market momentum [1][11][41] - The report emphasizes a strong outlook for embodied intelligence, including both humanoid and non-humanoid robots, and encourages exploration of investment opportunities in "AI + Robotics" beyond just humanoid robots [1][11][41] Summary by Sections Humanoid Robots - Major tech giants are enhancing robotics manufacturers' capabilities, which is expected to boost the commercialization of humanoid robots [2][11] - The newly launched robotics index includes companies such as Huichuan Technology, Hubei Zhongke, and others, with expectations for increased capital inflow into the sector [2][11] - The report suggests focusing on embodied intelligence and exploring various robotics applications, including exoskeletons and sensors, which do not necessarily depend on humanoid robot proliferation [2][11] Engineering Machinery - Recent rumors about poor domestic sales data for engineering machinery in early May have led to significant stock corrections among leading companies, but the report suggests that this data may not represent the entire month [12][21] - The report anticipates double-digit growth in domestic sales for the year, supported by a low base from the previous year [12][21] - The domestic market is expected to recover, driven by increased investment in infrastructure and construction projects [21][22] Semiconductor Equipment - The report highlights the increasing importance of domestic semiconductor equipment due to export restrictions from the U.S., which is expected to accelerate the domestic production rate [25][26] - The overall outlook for the semiconductor equipment sector remains positive, with anticipated growth in orders for 2025 [26] 3C Equipment - The report notes that domestic manufacturers are well-positioned to benefit from the ongoing adjustments in Apple's production strategy, with expectations for strong demand in 2025 [27] Other Equipment Sectors - The report provides insights into various sectors, including oil service equipment, elevators, rail transit equipment, and mining machinery, with specific recommendations for companies within these sectors [30][31][32][33]

Group 1: Industry Trends - The overall demand in the real estate market is declining, with new residential sales dropping below 10 trillion yuan in 2024, indicating a shift towards stabilizing the market [1] - In Q1 2025, new residential sales area and sales amount decreased by 3.0% and 2.1% year-on-year, respectively, showing a significant narrowing of the decline [1] - The elevator industry is experiencing a transformation with a shift from new installations to a focus on the after-market services due to changing demand structures [2] Group 2: Competitive Environment - The elevator industry faces intensified competition, with many companies experiencing pressure on revenue scales [2] - Price competition remains fierce due to the decline in new elevator demand, prompting companies to enhance operational efficiency and cost control measures [2] Group 3: After-Market Development - As of the end of 2024, there are 11.53 million elevators in China, leading to a rapid increase in service demand for maintenance, repairs, and upgrades [3] - Over 1 million elevators are over 15 years old, with the number of outdated elevators expected to rise, driving the need for modernization [4] - In 2024, 41,000 elevator update projects were supported by long-term national bonds, with a target of 60,000 in 2025, indicating a strong policy push for upgrades [4] Group 4: Company Strategy - The company's after-market business accounted for 15.39% of its revenue in 2024, highlighting its importance in the overall business strategy [4] - The company aims to transform its after-market service department from a "service center" to a "profit center" by enhancing its market capabilities and technical support [5] - The company is actively monitoring changes in maintenance regulations and their potential impact on the industry [6]

Group 1 - The core viewpoint of the news is that Zhangpeng Technology has successfully entered the military simulation system sector through the acquisition of a controlling stake in Beijing Lingwei Military Integration Technology Co., Ltd, establishing a dual business model of "elevator control systems + military simulation systems" [1][2] - In 2024, Zhangpeng Technology achieved total operating revenue of 469 million yuan, a year-on-year decrease of 6.80%, and a net profit attributable to shareholders of 9.96 million yuan, down 87.80% [2] - Lingwei Military Integration contributed significantly to the company's revenue, generating 139 million yuan in operating income and 49.71 million yuan in net profit, making it the main profit source for Zhangpeng Technology in 2024 [2] Group 2 - The military simulation market is expected to grow due to its ability to simulate real battlefield environments, providing strong support for military decision-making while reducing operational costs and risks [3] - The development of technologies such as virtual reality, artificial intelligence, and big data is anticipated to enhance the realism and intelligence of military simulations, expanding their application scenarios [3] - If Zhangpeng Technology effectively leverages the synergy between its dual business operations and enhances its technological research and market expansion, it is likely to improve the profitability and market share of its military simulation business [3]

Core Viewpoint - The article discusses the challenges faced by foreign trade companies in the context of the U.S. imposing tariffs, highlighting their strategies to adapt and thrive in a changing global trade environment [1][2]. Group 1: Company Strategies - Companies are enhancing their international competitiveness through product quality, technological upgrades, and market diversification. For instance, Nanjing Langqian Electromechanical Co., Ltd. has shifted its export focus from the U.S. to Europe, now accounting for over 80% of its market share [3]. - Hengtong Group, a leading cable manufacturer, has achieved a 3.5 times increase in exports in the first quarter compared to the previous year, driven by technological advancements and smart manufacturing [4]. - Giant Lift Co., Ltd. is focusing on digitalization and advanced technology to improve its market position, with its IoT platform significantly enhancing operational efficiency [5]. Group 2: Market Adaptation - Some companies are turning to domestic markets to mitigate the impact of reduced foreign orders. For example, Nanjing Bairuilege Clothing Co., Ltd. has successfully transitioned to domestic sales, finding a receptive market for its products [7]. - Jiangsu Shangshang Cable Group has attracted international customers at trade fairs, showcasing its innovative products that meet the growing demand for clean energy and infrastructure development [6]. Group 3: New Market Opportunities - The article emphasizes the importance of tapping into new markets, with companies like Giant Lift actively seeking orders from emerging markets in Central Asia and Africa [8]. - The rise of live streaming and e-commerce platforms is facilitating the connection between foreign trade companies and domestic consumers, allowing them to sell previously export-oriented products in local markets [9][10]. Group 4: Future Outlook - Experts suggest that the unification of domestic and foreign trade markets is a trend that companies should embrace, as it can enhance competition and provide consumers with more choices [8]. - The government is supporting foreign trade companies in transitioning to domestic sales through initiatives that promote collaboration with local retailers and the use of digital marketing strategies [11].

Group 1: Fund Overview - Chunhou Xinyue Mixed A Fund, established on October 22, 2021, has a total management scale of 2.117 billion yuan [1] - The fund has achieved a return of 16.53% over the past six months, outperforming its benchmark growth rate of -1.25% and the CSI Mixed Fund Index return of -2.61%, ranking in the top 5% among mixed funds [1] - As of March 31, 2025, the fund's scale reached 0.95 billion yuan, with a growth of 7.0156 million yuan in the past three months, representing an 8.01% growth rate [1] Group 2: Company Research - On April 27, 2025, Chunhou Fund conducted a research meeting with Tongli Risheng, focusing on the elevator and new energy business [2][3] - The elevator business faced challenges in 2024 but showed positive structural changes, with a significant increase in replacement demand, accounting for approximately 15%-20% of total shipments [3] - The company plans to expand its non-standard elevator exports and diversify its product offerings to drive performance growth in 2025 [3] Group 3: New Energy Business Progress - Several wind and energy storage projects have made progress, including the 300MW wind project in Chengde, which was connected to the grid by the end of 2024, and the 100MW wind project in Tianjin, which was connected in January 2025 [3] - The company is set to start construction on a 500MW wind-solar-storage hydrogen complementary project in Chengde this year [3] - The company has signed strategic cooperation agreements for a new green data center with the government of Qingyang and with Hangzhou Xinfeng for collaborative energy storage [3] Group 4: Investor Q&A Insights - The company aims to achieve a power supply reliability of 99.99% for its data center projects by replacing traditional diesel generators with green electricity and energy storage systems [3] - The company is focusing on long-term stable loads, particularly data centers, as a key area for future development in the new energy sector [3] - The company anticipates a recovery in elevator business performance in 2025, driven by increased domestic replacement demand and expansion into high-margin non-standard products [3][4]

Core Viewpoint - The actual controller of Kangli Elevator has changed following the death of founder Wang Youlin, with his shares inherited by his spouse Zhu Meijuan, valued at approximately 2.589 billion yuan based on the stock price as of April 30 [2][4]. Company Ownership and Control - Wang Youlin held 358,591,306 shares, accounting for 44.89% of the total share capital, while Zhu Meijuan held 17,280,000 shares, or 2.16% [3][4]. - After the inheritance, Zhu Meijuan will hold 375,871,306 shares, representing 47.06% of the total share capital, thus becoming the controlling shareholder and actual controller of Kangli Elevator [4]. Business Performance - Kangli Elevator's revenue has declined for three consecutive years, with a reported revenue of 4.083 billion yuan in 2024, down 18.91% year-on-year, and a net profit of 357 million yuan, down 2.17% [5][6]. - The company maintains a stable gross profit margin despite the revenue decline, with a slight increase in average gross margin by 0.95% compared to the previous year [5][6]. Market Conditions and Strategy - The performance of Kangli Elevator is closely tied to the real estate sector, which has been under pressure, leading to decreased market demand [6]. - To mitigate risks from the new elevator market decline, the company has been expanding its elevator after-service market and has made organizational adjustments to enhance operational efficiency [6][7]. International Business - Kangli Elevator has not exported to the U.S. recently, so the U.S. "reciprocal tariff" policy has not directly impacted its revenue [2][5]. - The company plans to leverage China's manufacturing competitiveness to explore export markets outside the U.S. [8].

证券代码：300931 证券简称：通用电梯 通用电梯股份有限公司投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | | --- | --- | --- | | 投资者关系活动类 | □媒体采访 √业绩说明会 | | | 别 | □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 | 参与公司 2024 年年度网上业绩说明会的广大投资者 | | | 员姓名 | | | | 时间 | 2025 年 月 25 日 15:00-17:00 | 4 | | 地点 | 上海证券报•中国证券网路演中心 1、董事长徐志明先生 | | | | 2、总经理沈立明先生 | | | | 3、董事、副总经理、财务负责人张建林先生 | | | 上市公司接待人员 | | | | 姓名 | 4、董事、副总经理、董事会秘书李彪先生 | | | | 5、保荐代表人覃新林先生 | | | | 6、独立董事陈利芳女士 | | | | 本表对相似类问题已进行剔除。 | | | | 1.行业以后的发展前景怎样？ | | | | 答：您好，感谢您的关 ...

中方警告韩国公司不要向美军工企业出口含中国稀土矿物产品？外交部回应 智通财经4月23日电，外交部发言人郭嘉昆4月23日主持例行记者会。有外媒记者提问称，据报道，中国 警告韩国公司不要向美国军事和国防公司出口含有中国稀土矿物的产品。中国政府向电梯、电力设备、 电池、显示器、电动汽车、航空航天和医疗设备等行业的公司发出信函说，如果他们违反限制，可能会 面临制裁。外交部能否证实是否发送了这样的信？有没有细节可以补充？对此，郭嘉昆表示："我不了 解你提到的具体情况，建议你向中方的主管部门进行询问。" ...