喀什仓的运营，不仅为消费者带来"上午下单、下午送达"的便利，更创造大量就业机会。 京东集团副总裁王颖表示，未来三年将实现南疆地州智能仓全覆盖，并依托中亚跨境专线，让喀什特色 农产品通过数字丝路走向世界。(完) （文章来源：中国新闻网） 中新网新疆喀什4月29日电(记者王小军)由新疆喀什市人民政府与京东物流共同筹建的京东物流喀什仓 开仓仪式29日举行。 作为新疆南部首个集"仓储+快递"功能于一体的智能化物流枢纽，喀什仓坐落于喀什中亚南亚工业园 区，占地面积超2万平方米，配备全自动分拣设备，实现小件、中件订单自动化处理，效率提升30%， 准确率达99.8%。辐射喀什地区、和田地区、阿克苏地区、克州，以及新疆生产建设兵团第一师阿拉尔 市、第三师图木舒克市、第十四师昆玉市。 试运营期间，喀什仓已交出亮眼成绩单：中小件单量增长近30%，大件单量增长超60%，疏附县日订单 量更是激增近3倍。值得关注的是，喀什市区及周边实现"211限时达"(早11点前下单当日达，晚11点前 下单次日达)，和田、阿克苏等地区平均时效提速2-3天。 喀什市委常委、副市长马翔在开仓仪式上表示，这一项目不仅是喀什市构建"枢纽辐射、干支联动、城 乡 ...

点击小程序查看报告原文 Abstract 项目基本面经营分化差异加剧。1）产业园： 产业园区供需压力进一步加大，大部分项目主动或被动进入降价竞争。我们统计板块收入同环比分别下降 11.8%和7.7%。由于供需端矛盾尚未缓解，我们认为产业园后续经营或仍将持续波动。 2）物流仓储： 大部分项目通过下调租金应对供给冲击和存量竞 争，促使同口径下板块收入重回下降通道，同环比下滑4.8%和3.6%。供需再平衡过程中，一季度特朗普关税不确定性或也将影响物流仓储租户行为。 3） 保租房： 保租房板块受宏观经济影响较小，一季度板块收入仅出现小幅波动，出租率维持较高水平，租金水平变化则出现小幅分化，其中政策性保租房 租金保持稳定或略有上涨，市场化项目则出现环比下滑，但整体仍符合预期。 4）消费： 得益于各地促消费政策，消费REITs一季度开局良好，我们测算 可比口径收入环比上升1.7%，收入完成度较好。 5）高速： 受低基数与路网变化的影响，高速项目表现分化明显，往后看我们认为板块仍有望延续稳中 向好态势，但路网变化对于单条路产影响较大，应持续关注分流影响。 6）市政环保： 生物质发电项目吨发表现、成本管控好于预期，水务受合肥 ...

Group 1: Logistics Industry Recovery - The logistics industry in China is showing signs of recovery, with the logistics prosperity index for March 2025 at 51.5%, an increase of 2.2 percentage points from the previous month [11][9] - The warehousing index for March 2025 is at 50.8%, marking a 0.6 percentage point increase and remaining in the expansion zone for five consecutive months [8][9] - The e-commerce logistics index reached 110.0 points in March 2025, up by 1.1 points from the previous month, indicating a stable growth in the logistics sector [11] Group 2: Financial Performance of Companies - ESR reported a net loss of $762.3 million for 2024, compared to a net profit of $268.1 million in the same period last year, primarily due to negative fair value changes and reduced transaction fees [14] - Deep International's logistics business achieved revenue of approximately HKD 1.837 billion in 2024, remaining stable year-on-year, but net profit decreased by 3% to about HKD 516 million due to asset impairment losses [14] - The average rent for warehouses in March was CNY 23.21 per square meter per month, with an occupancy rate of 16.46%, indicating stability in the rental market [16][18] Group 3: Investment and Financing Activities - A total of three financing events were recorded, including the establishment of the first pharmaceutical warehousing logistics Pre-REITs fund by Jiuzhoutong Pharmaceutical Group, raising CNY 826 million [22][24] - JD Logistics announced the opening of its new apparel warehouse in Guangzhou, marking a significant step in its logistics strategy for the apparel industry [25] - The Southern SF Logistics REIT was listed with a closing price of CNY 3.735, reflecting a 13.53% increase, with underlying assets located in key cities [27] Group 4: Market Trends and Challenges - High tariffs imposed by the U.S. government, reaching a total of 145%, are forcing Chinese cross-border e-commerce and manufacturing companies to stockpile goods in U.S. warehouses to avoid increased costs [20][21] - The logistics cost reduction policies implemented by various provinces aim to enhance economic efficiency and competitiveness in the industry [12][13] - The logistics industry still faces challenges in reducing costs effectively due to insufficient domestic demand and transitional pains in the economy [13]

Group 1: Market and Regulatory Updates - Shanghai and Shenzhen Stock Exchanges announced the Labor Day market closure from May 1 to May 5, 2025, resuming normal operations on May 6 [1] - Seven departments issued a plan for the digital transformation of the pharmaceutical industry, emphasizing the integration of artificial intelligence across the entire industry chain [2] - High-profile logistics platform GaoLu Group, backed by Hillhouse Capital, is seeking $100 million in private credit financing for asset acquisitions [3] Group 2: Company Financial Performance - Shenjian Co. reported a 2024 revenue of 2.418 billion yuan, a decrease of 5.97%, but a net profit increase of 32.29% to 33.65 million yuan, proposing a cash dividend of 0.5 yuan per 10 shares [6] - Jingwei Co. achieved a 2024 revenue of 673 million yuan, up 30.79%, but a net profit decline of 36.76% to 35.54 million yuan, proposing a cash dividend of 1.00 yuan per 10 shares [7] - Minsheng Health reported a 2024 revenue of 641 million yuan, a 10.23% increase, with a net profit of 91.83 million yuan, up 7.24%, proposing a cash dividend of 1.00 yuan per 10 shares [8] - Wangsu Technology's Q1 2025 net profit reached 192 million yuan, a 38.54% increase, with a revenue of 1.235 billion yuan, up 10.26% [9] - Beilu Pharmaceutical reported a Q1 2025 revenue of 283 million yuan, a 36.23% increase, with a net profit of 14.54 million yuan, up 26.13% [10] - Huning Co. reported a Q1 2025 revenue of 64.51 million yuan, a 4.37% increase, but a net profit decline of 45.68% to 3.61 million yuan [11] Group 3: Corporate Governance and Compliance - Pioneer's fund underwent significant management changes following a change in actual control, with the chairman resigning for personal reasons [4] - Hu Haiquan's private equity funds received regulatory warnings for failing to fulfill fiduciary duties and risk assessments during fundraising [5] - RNG's affiliated company was reported to owe 82,000 yuan in taxes [5]

不只是仓储业务，2024年3月1日，分线管理政策顺利实施，琴澳产业融合发展进一步跑出加速度。截至 今年4月22日，横琴粤澳深度合作区共105家企事业单位获得免税主体资格；今年以来，免保税进出口值 突破1.23亿元，增长10.6倍。 自贸的"速度"与"温度"，还体现在琴澳民生领域的融合发展——2016年12月20日，首批符合入境条件的 澳门单牌车历史性地从澳门驶入横琴；2022年8月22日起，全面放开澳门非营运小客车（9座及9座以 下）入出横琴配额以来，经横琴口岸进出境的澳门单牌车数量节节攀升，已从2017年约0.2万辆次增至 2024年约158万辆次。2025年以来，截至4月22日0时，横琴海关共监管进出境车辆约91.8万辆次，其中 澳门单牌车占比约65.8%，琴澳人员往来更加密切、高效。 4月23日，广东自贸试验区横琴片区（以下简称"横琴片区"）迎来挂牌10周年。十年来，横琴片区进出 口规模不断发展，加速搭建更高水平的对外开放平台。据拱北海关统计，2015年4月至2025年3月，横琴 片区进出口总值累计达3006.5亿元人民币，其中2024年进出口值为215亿元。 十年来，"自贸试验区"与"粤澳深度合作区" ...

Core Insights - The company launched a cross-border "Green Channel" leveraging over 40 overseas warehouses globally to facilitate seamless transfers and intelligent forecasting for merchants expanding into international markets [1] - The initiative targets key categories such as large home goods, 3D printers, and automotive parts, offering VIP pricing and up to 60 days of free rental [1] - In markets like Mexico and Vietnam, the company provides local warehousing and international freight services, supporting import and export services centered around Southeast Asia [1] - Qualified merchants can benefit from freight subsidies, priority warehousing, and a rapid 48-hour listing process [1]

以下文章来源于中金点睛 数字化投研平台 ，作者中金研究 第一期 对话普洛斯 嘉宾介绍 ENTERPRISE 杨敏 普洛斯中国高级副总裁，资本运营负责人 裴佳敏 中金公司不动产与空间服务行业分析师 SAC执证编号：S0080523050004 SFC CE Ref：BRY581 本期要点 ENTERPRISE 中金点睛 数字化投研平台 . 中金研究旗下一站式数字化投研平台 CICC REITs TALK 自2021年6月首批公募REITs产品上市以来，我们见证了REITs市场规模不断提升，资产品类持续丰富，制度建设逐步完善，吸引着更加多元的资金 进入。红利风格延续下，REITs作为另类高分红资产，也引起了越来越多投资者的关注。 在公募REITs产品上市四周年之际，我们隆重推出 CICC REITs TALK 系列栏目，邀请到业内资深专家与重磅嘉宾，深度对话，畅谈产业趋势和 REITs发展。 作为我国首批公募REITs之一和当前市值最大的物流仓储REIT，普 洛斯发行REITs初衷是什么？ 发行公募REITs对于普洛斯起到了哪些正向的影响和效果？ 如何看待当前物流仓储的竞争格局和未来的发展趋势？普洛斯作 为头部的 ...

海南日报讯(海南日报全媒体记者 刘梦晓)近日，来自东南亚、非洲的进口烟片、合成胶等多个橡 胶品类陆续进驻洋浦国际智慧供应链中心，标志着该中心已构建起高效便捷的橡胶物流通道，为海南自 贸港链接全球橡胶产业链注入强劲动能。 作为我国对外开放的重要门户，海南自贸港政策红利加速释放，正吸引东南亚、非洲等橡胶主要产 区的橡胶资源加速集聚。洋浦国际智慧供应链中心充分发挥"航运+港口+物流"三位一体资源优势，凭 借紧邻洋浦国际集装箱码头、毗邻西线橡胶加工产业带的独特区位，加速完善智慧物流系统建设，构建 起高效便捷的橡胶物流通道，将有效助力客户降低物流成本，提升产业链协同效率。 洋浦国际智慧供应链中心是海南自贸港首个绿色零碳智慧物流园区，具备上海期货交易所指定期交 仓、保税仓及出口监管仓、保税维修中心、港外箱管堆场、站外箱管堆场、新能源补给站六大功能。其 中，2.46万平方米的上海期货交易所指定期交仓是海南目前唯一具备天然橡胶期货交割资质的仓库，也 是省内单体面积最大的高标准仓库，可为全球橡胶贸易提供仓储保障。 该中心运营方海南港航物流有限公司凭借多年天然橡胶指定交割仓库运营经验，聚焦橡胶产业上下 游，借助海南岛内橡胶加工优 ...

涉及总金额5 2 4 . 7 1亿元人民币。 作者 | 私募通 来源 | 决策投资圈 （ID：PEDATAMAX） 清科创业（0 1 9 4 5 .HK）旗下私募通统计：截至本周五下午，募资、投资、上市和并购共 1 5 7起事件，涉及总金额5 2 4.71亿人民币。从交易金额来看，本周金额较大事件是： 2 0 25年3月1 7日，中国远洋海运集团有限公司、深圳港集团有限公司、诺德基金管理有 限公司、财通基金管理有限公司、耿晓奇等投资中远海运特种运输股份有限公司3 5亿人 民币。从交易事件地域分布看，目前主要分布在江苏省、浙江省和广东省，占比为江苏 省17.2%，浙江省1 3 . 4%，广东省12.1%。 本周募资情况 本周新登记股权投资基金管理人共计1家，取消备案登记16家，全年截至目前累计股权投 资基金管理人数量为1 7家。本周新增备案基金数量为86只，规模总计2 8 5 . 2 7亿元，本周 备案基金募资最多的为北京经济技术开发区产业升级股权投资基金二期（有限合伙）， 募集40.01亿人民币。全年截至目前累计股权投资备案基金数量为8 5 8只，规模总计 6 3 13.87亿元。（2 0 2 5年3月14日 ...

Core Viewpoint - The completion of the merger between GCP International and Ares Management Corporation for a total transaction value of $5.2 billion highlights the ongoing interest in new economic asset investments globally, showcasing Prologis' mature capital operation model [1][2]. Group 1: Prologis' Capital Operation Model - Prologis is known for its keen market insight and efficient execution, achieving a core operating EBITDA of $2 billion over the past 12 months, with the recent transaction reflecting a PE ratio of nearly 30 times [2]. - The successful transaction is part of Prologis' strategy of "incubation-operation-monetization," which has established a high-efficiency capital appreciation model [2][3]. - Prologis has a history of significant asset transactions, such as acquiring IndCor for $8 billion in 2014 and later selling it for $18.7 billion, demonstrating its ability to create substantial asset value [2]. Group 2: Financial Impact and Business Focus - Following the merger, Prologis' net leverage ratio decreased from 27% to 24%, enhancing liquidity and allowing for a focus on high-growth areas [3]. - The international fund management business involved in the merger accounts for less than 10% of the group's core operating EBITDA, indicating a strategic shift towards optimizing the balance sheet [3]. Group 3: New Economic Infrastructure Investment Trends - New economic infrastructure remains a hot investment area, with significant transactions such as Blackstone's acquisition of AirTrunk for AUD 23.5 billion and BlackRock's $12.5 billion acquisition of GIP [4]. - Infrastructure assets, including logistics real estate and data centers, are increasingly favored by long-term capital due to their stable cash flows and high growth potential [4]. Group 4: Ares Management's Expansion - Ares Management indicated that the merger would expand its global real estate asset management platform, with expectations of a better fundraising environment by 2025 [5]. - The completion of the merger is expected to initiate fundraising for several private real estate equity funds in Japan, Europe, and the U.S. [5]. Group 5: Prologis' Focus on the Chinese Market - Prologis' international business transaction does not involve its Chinese assets, allowing it to strengthen its capabilities in the Chinese market, focusing on new economic infrastructure development [6]. - The company has a significant presence in China, covering 70 regions and managing over 450 logistics and industrial facilities, with a robust performance in logistics, data centers, and renewable energy [6][9]. Group 6: Logistics and Data Center Growth - The logistics sector is supported by strong macroeconomic and industrial demand, with a projected net absorption of over 12 million square meters in 2024 [7]. - The data center sector is experiencing explosive growth due to increased demand for private AI deployments, supported by favorable government policies in the renewable energy sector [7].