1. 上海虹桥机场香格里拉与盛贸酒店启幕 10月28日，上海虹桥机场香格里拉与盛贸酒店在虹桥枢纽核心区域正式启幕，是香格里拉集团在上海的第五个酒店项目。 其中，上海虹桥机场香格里拉拥有91间客房，均享有豪华阁专属礼遇。客房配备4层隔音玻璃的全景落地窗，坐览飞机起降；盛贸品牌则用科技赋能，集团 自主研发的快速check-in/check-out系统，最快15秒完成入住并自动绑定会籍权益。 智通财经记者 | 张瑶 智通财经编辑 | 汤威 2. 亚洲首家桐森酒店亮相上海 上海世博桐森酒店于10月30日正式启幕，标志着桐森酒店品牌首次亮相亚太地区。这家奢华生活方式酒店坐落于世博板块，融合商务、文化与艺术的全新地 标，为新一代文化探索者的灵感宅邸。 秉承品牌起源地纽约SOHO区的创意与革新的基因，新酒店室内设计灵感源自上海世界博览会展馆，以"馆中馆"的空间叙事，使用钢与木、混凝土与天鹅 绒、复古与当代相映成趣，营造出兼具先锋与经典的感官体验。酒店配备254间客房与套房、特色活动空间，以及三大餐饮与夜生活目的地，其中包括可俯 瞰黄浦江与城市天际线的屋顶俱乐部，将成为城市社交聚场。 3. 璞富腾酒店及度假村2025年新增三 ...

Summary of Conference Call Industry or Company Involved - **Industries Discussed**: Lithium mining, copper, aluminum, steel, cement, coal, shipping (cruise industry), express delivery, logistics, insurance, industrial equipment. Key Points and Arguments Lithium Mining - Market misunderstanding regarding the resumption of operations at Ningde lithium mines, with a target for resumption set for November [4][3] - Seven mines in Yichun are awaiting a government decision on their operational status, with results expected by October or November [3][4] Copper - Copper smelting processing fees are currently negative, but no significant changes in smelting operations are anticipated [6][6] - New regulations on waste copper suppliers may increase domestic costs and affect supply, with an estimated monthly supply impact of 50,000 to 55,000 tons [7][7] Aluminum - The impact of anti-involution on alumina is minimal, with the industry remaining in a state of oversupply [8][8] Steel - Regional differences in steel production cuts, with some provinces actively implementing reductions while others, like Tangshan, have not yet enforced cuts [9][9] - Profitability in the steel sector has dropped significantly, leading to potential voluntary production cuts [9][9] Cement - Cement demand is declining, particularly in cities like Shanghai, prompting discussions among leading companies about potential production cuts [10][10] Coal - Coal prices are expected to stabilize between 600 and 700, with production checks likely if prices fall below 600 [11][11] Shipping (Cruise Industry) - The cruise industry has faced demand dilution due to illegal oil transport, impacting market performance [14][14] - Recent increases in shipping rates, from around 30,000 to 60,000, indicate a potential recovery in the sector [15][16] - Supply-side changes are expected to drive future price increases, with a focus on compliance and sanctions affecting operational efficiency [20][20] Express Delivery - The express delivery sector is experiencing a gradual price increase, with major players locking in market shares to stabilize pricing [26][26] - Concerns about social security changes impacting delivery costs were noted, but no drastic regulatory changes are expected [29][29] Logistics (Aneng Logistics) - Aneng is positioned as a leading player in the express delivery market, benefiting from structural changes and a growing market share [30][30] - The company is expected to see continued growth due to favorable market dynamics and competitive advantages [31][31] Insurance - The insurance sector has reported strong performance in the first half of the year, with a focus on cost control and structural improvements [39][39] - The growth in the insurance market is driven by fewer catastrophic events and improved expense management [39][39] Industrial Equipment - The industrial sector is entering a new upcycle, particularly in engineering machinery and lithium battery equipment, with expected growth rates of 46%, 24%, and 21% over the next three years [52][57] - Key drivers include equipment replacement cycles, infrastructure projects, and overseas market growth [54][55] Other Important but Possibly Overlooked Content - The overall sentiment in various sectors indicates a cautious optimism, with potential for recovery in specific industries despite ongoing challenges [12][12] - The discussion highlighted the importance of regulatory changes and market dynamics in shaping future performance across sectors [12][12][12]

反周期哲学：加码投资中国 21世纪：维京进入中国第十年了。您是否记得 10 年前决定进入中国市场时的心情？维京这十年在中国 的发展是否如您的预期？ 托尔斯泰·哈根：其实我们最早在中国的运营可以追溯到 2004 年。当时我们为美国游客在中国打造（长 江游）游轮的体验，业务非常成功。十年之后，我们逐渐积累了名气，有更多中国的消费者开始对我们 感兴趣。 21世纪经济报道记者 高江虹 上海报道 飞了十几个小时抵达中国，又接连开了好几个会后，5月21日下午接受21世纪经济报道记者采访时，维 京游轮创始人、董事会主席兼首席执行官托尔斯泰·哈根的精力旺盛得不像82岁的老人。 这位游轮行业著名的睿智老者，一直以精准的投资时机闻名，其创立的维京游轮尽管船队规模远没有皇 家加勒比游轮和嘉年华邮轮大，但如今却是市值全球第三大游轮公司，且与旧时邮轮老大嘉年华的市值 差别不大，维京的市值甚至超过了国航、东航、汉莎等一众旅游上市公司。 资本市场追捧哈根独到的经营理念及投资眼光，尤其是其"反周期哲学"。"当市场不景气的时候，我们 会选择追加投资；但如果一切都是鲜花着锦，我们则会选择谨慎观望。"哈根向21世纪经济报道记者表 示，"现在（中国 ...

苹果用 iPad 分担芯片成本 关注《晚点财经》并设为星标，第一时间获取每日商业精华。 苹果用 iPad 分担芯片成本 按照苹果的一贯做法，新款芯片会先用在 iPhone、MacBook 等核心产品上，用更大的销量带动芯片 产能，尽可能帮苹果和台积电回收研发成本，再用到 iPad 等产品上。 M 系列芯片的前三代产品，都是在 MacBook 首发。苹果昨晚发布的 iPad Pro（第七代），改变了这 个延续多年的趋势，成为第一个搭载 M4 芯片的产品。 据苹果介绍，M4 芯片采用台积电第二代 3nm 工艺，晶体管数量达到 280 亿，比上一代多 30 亿。市 场极其关注大模型的当下，苹果特意强调 M4 的 AI 算力达到 38 TOPS（每秒运算 1 万亿次），说它 比其他用到 AI PC 中的芯片都快，展示能追上热潮的实力和姿态。 用上更先进芯片的 iPad Pro，起售价也到了 8999 元（和用了更好的屏幕也有关系），比上一代贵 2200 元——显然会缩窄它的目标受众，毕竟没那么多人会花近万元买个 "生产力工具" 看视频。 TikTok 上诉，接下来会发生什么 还在对抗周期的奢侈品牌寥寥无几 微软游戏向 ...