经营范围含以自有资金从事投资活动；自有资金投资的资产管理服务；融资咨询服务；企业总部管理； 非融资担保服务；信息咨询服务（不含许可类信息咨询服务）；技术服务、技术开发、技术咨询、技术 交流、技术转让、技术推广；工程和技术研究和试验发展；企业形象策划；市场营销策划；咨询策划服 务；计算机系统服务；社会经济咨询服务；会议及展览服务；信息系统集成服务；5G通信技术服务； 软件外包服务；文艺创作；专业设计服务；酒店管理；餐饮管理；教育咨询服务（不含涉许可审批的教 育培训活动）；新能源原动设备销售；新兴能源技术研发；日用品销售；化妆品批发；机械设备销售； 电子产品销售；机械设备租赁。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 企业名称福建泛科投资有限公司法定代表人江子军注册资本1000万人民币国标行业租赁和商务服务业> 租赁业>机械设备经营租赁地址厦门市集美区光华里42号企业类型有限责任公司（自然人投资或控股） 营业期限2025-8-19至无固定期限登记机关 来源：金融界 天眼查显示，近日，福建泛科投资有限公司成立，法定代表人为江子军，注册资本1000万人民币，浙江 泛科企业管理有限责任公司、华城信和 ...

Economic Performance Overview - In July, the industrial added value above designated size increased by 5.7% year-on-year, indicating stable growth in production supply [1][2] - The total retail sales of consumer goods rose by 3.7% year-on-year, reflecting a steady increase in consumption [1][2] - The total import and export of goods grew by 6.7% year-on-year, showing resilience in foreign trade [1][2] Development of New Growth Drivers - High-tech manufacturing saw a significant increase, with added value rising by 9.3% year-on-year, outpacing overall industrial growth [3] - The modern service industry also experienced rapid growth, with information transmission and software services increasing by 11.9% [3] - The integrated circuit manufacturing sector grew by 26.9% year-on-year, and the production of new energy vehicles increased by 17.1% [3] Consumer Market Dynamics - The combined retail of goods and services is estimated to have grown by around 5% year-on-year from January to July, indicating a stable upward trend in consumption [4] - The "old for new" consumption policy has positively impacted sales, with significant year-on-year growth in categories such as home appliances (28.7%) and furniture (20.6%) [4] - Service retail related to cultural and recreational activities has also seen robust growth, driven by increased travel and leisure spending [4] Economic Stability and Future Outlook - Despite fluctuations in some economic indicators, the overall growth rate of key indicators remains stable, with employment and prices steady [7] - The macroeconomic policies implemented have effectively supported production demand and economic stability [7] - The International Monetary Fund has raised its forecast for China's economic growth by 0.8 percentage points, reflecting increased confidence in China's economic development [8]

Economic Overview - In July, the national economy maintained a steady and progressive development trend, with industrial added value increasing by 5.7% year-on-year and retail sales of consumer goods reaching 38,780 billion yuan, up 3.7% year-on-year [1][2][10] Industrial Production - The industrial added value for July increased by 5.7% year-on-year and 0.38% month-on-month, with mining, manufacturing, and electricity sectors growing by 5.0%, 6.2%, and 3.3% respectively [3] - High-tech manufacturing and equipment manufacturing saw significant growth, with increases of 9.3% and 8.4% year-on-year, respectively [3] - The manufacturing purchasing managers' index was recorded at 49.3, indicating a slight contraction in manufacturing activity [3] Service Sector - The service sector production index rose by 5.8% year-on-year in July, with notable growth in information transmission, finance, and business services [4] - The business activity index for the service sector was at 50.0, indicating stability, while the business activity expectation index was at 56.6, suggesting positive future expectations [4] Retail Sales - Retail sales of consumer goods totaled 38,780 billion yuan in July, marking a 3.7% year-on-year increase, with urban and rural retail sales growing by 3.6% and 3.9%, respectively [5] - Online retail sales reached 86,835 billion yuan, up 9.2% year-on-year, with physical goods accounting for 24.9% of total retail sales [5] Fixed Asset Investment - Fixed asset investment (excluding rural households) reached 288,229 billion yuan from January to July, growing by 1.6% year-on-year, with manufacturing investment increasing by 6.2% [6] - Infrastructure investment grew by 3.2%, while real estate development investment saw a decline of 12.0% [6] Trade and Exports - In July, the total value of goods imports and exports was 39,102 billion yuan, up 6.7% year-on-year, with exports increasing by 8.0% and imports by 4.8% [7] - From January to July, the total value of goods imports and exports was 256,969 billion yuan, a 3.5% increase year-on-year [7] Employment and Prices - The urban survey unemployment rate was stable at 5.2% in July, with a slight seasonal increase [8] - The Consumer Price Index (CPI) remained flat year-on-year in July, with core CPI rising by 0.8% [9]

Economic Overview - The national economy is maintaining a steady and progressive development trend, with continuous growth in production demand, stable employment and prices, and significant advancements in new productive forces [1] Industrial Production - The industrial added value of large-scale enterprises increased by 5.7% year-on-year and 0.38% month-on-month [2] - Key sectors such as 3D printing equipment, industrial robots, and new energy vehicles saw production increases of 24.2%, 24.0%, and 17.1% respectively [2] Service Sector Growth - The service industry is experiencing rapid growth, with the national service production index rising by 5.8% year-on-year [5] - Specific sectors like information transmission, software and IT services, finance, and leasing and business services reported year-on-year growth rates of 11.9%, 8.7%, and 8.0% respectively [5] Retail Sales - The total retail sales of consumer goods reached 38,780 billion yuan, marking a year-on-year increase of 3.7% [7] - Retail sales in categories such as grain and oil, daily necessities, sports and entertainment products, and gold and silver jewelry grew by 8.6%, 8.2%, 13.7%, and 8.2% respectively [7] Fixed Asset Investment - Fixed asset investment (excluding rural households) totaled 288,229 billion yuan from January to July, reflecting a year-on-year growth of 1.6% [8] Trade Performance - The total import and export value of goods reached 39,102 billion yuan, with a year-on-year increase of 6.7% [9]

Core Viewpoint - The article highlights the steady growth of China's economy in July, driven by robust industrial production, service sector expansion, and increasing consumer demand, despite facing external challenges and domestic issues [3][13]. Group 1: Industrial Production - In July, the industrial added value of large-scale enterprises increased by 5.7% year-on-year and 0.38% month-on-month [4] - The manufacturing sector grew by 6.2%, with equipment manufacturing and high-tech manufacturing increasing by 8.4% and 9.3% respectively, outperforming the overall industrial growth [4] - The profit of large-scale industrial enterprises totaled 34,365 billion yuan from January to June, showing a year-on-year decline of 1.8% [4] Group 2: Service Sector - The service sector production index rose by 5.8% year-on-year in July, with significant growth in information transmission, finance, and business services [5][6] - From January to July, the service sector production index increased by 5.9%, and the revenue of large-scale service enterprises grew by 7.5% [5][6] Group 3: Market Sales - In July, the total retail sales of consumer goods reached 38,780 billion yuan, marking a year-on-year increase of 3.7% [7] - Online retail sales amounted to 86,835 billion yuan, with a year-on-year growth of 9.2%, and physical goods online retail sales grew by 6.3% [7] Group 4: Fixed Asset Investment - From January to July, fixed asset investment (excluding rural households) was 288,229 billion yuan, up 1.6% year-on-year, with manufacturing investment increasing by 6.2% [8] - Infrastructure investment grew by 3.2%, while real estate development investment saw a decline of 12.0% [8] Group 5: Trade and Employment - In July, the total import and export value reached 39,102 billion yuan, with exports growing by 8.0% and imports by 4.8% [9] - The urban surveyed unemployment rate was stable at 5.2% in July, with a slight seasonal increase [10][11] Group 6: Consumer Prices - In July, the Consumer Price Index (CPI) remained flat year-on-year, with a month-on-month increase of 0.4% [12] - Core CPI, excluding food and energy, rose by 0.8% year-on-year, indicating a slight increase in inflationary pressure [12]

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - In July 2025, the national consumer price index (CPI) was flat year - on - year. Food prices decreased by 1.6%, non - food prices increased by 0.3%, consumer goods prices decreased by 0.4%, and service prices increased by 0.5%. From January to July, the average CPI decreased by 0.1% compared with the same period last year [5][51]. - In July 2025, the producer price index for industrial products (PPI) decreased by 3.6% year - on - year, and the purchasing price index for industrial producers decreased by 4.5%. From January to July, the average PPI decreased by 2.9% compared with the same period last year, and the purchasing price index for industrial producers decreased by 3.2% [5][58]. - As of the end of July 2025, China's gold reserves were 73.96 million ounces, an increase of 60,000 ounces from the end of June 2025, increasing for 9 consecutive months. It is expected that the central bank will continue to increase its gold holdings [6]. - As of the end of July 2025, China's foreign exchange reserves were $3.2922 trillion, a decrease of $25.2 billion or 0.76% from the end of June, remaining above $3.2 trillion for 20 consecutive months [6]. - In the first 7 months of this year, China's goods trade showed an upward trend. The total value of imports and exports was 25.7 trillion yuan, a year - on - year increase of 3.5%, and the growth rate was 0.6 percentage points faster than that in the first half of the year [6]. - In July 2025, the manufacturing purchasing managers' index (PMI) was 49.3%, down 0.4 percentage points from the previous month. The manufacturing industry's prosperity level declined seasonally and generally remained in a downward trend [6]. 3. Summary According to Relevant Catalogs National Economic Accounting - GDP quarterly year - on - year growth rates from Q1 2023 to Q2 2025 are presented. Different industries such as agriculture, forestry, animal husbandry and fishery, industry, construction, and services have their respective growth rate trends [8]. - The contribution rates of different industries to GDP growth from Q1 2023 to Q2 2025 are shown, including agriculture, forestry, animal husbandry and fishery, industry, construction, and various service - related industries [13]. Industry Industrial Growth Rate - The year - on - year growth rates of added value of major industries from May to June in the past two years are provided, including coal mining and washing, oil and gas extraction, and manufacturing industries [22]. Major Industrial Output - The output data of major industrial products from June 2024 to June 2025 are listed, including energy products, industrial raw materials, and finished products [24]. Industry Electricity Consumption - The year - on - year growth rates of electricity consumption of major industries from March 2024 to May 2025 are given, including agriculture, forestry, animal husbandry and fishery, mining, and manufacturing [33]. Industrial Enterprise Profits - From January to June 2025, the total profit of large - scale industrial enterprises was 3.4365 trillion yuan, a year - on - year decrease of 1.8%. The main industry profit situations vary, with some industries showing growth and others decline [36]. - From January to June 2025, the mining industry's profit was 429.41 billion yuan, a year - on - year decrease of 30.3%; the manufacturing industry's profit was 2.59006 trillion yuan, a year - on - year increase of 4.5%; the electricity, heat, gas and water production and supply industry's profit was 417.04 billion yuan, a year - on - year increase of 3.3% [41]. Industrial Enterprise Inventory - As of the end of May 2025, the finished product inventory of large - scale industrial enterprises was 6.65 trillion yuan, a year - on - year increase of 3.5%. The overall inventory is in a stage from passive replenishment to passive destocking [46]. Price Index CPI - In July 2025, the CPI was flat year - on - year. Food prices decreased, while non - food prices increased. The average CPI from January to July decreased by 0.1% compared with the same period last year [51]. - The year - on - year and month - on - month data of CPI sub - items from July 2024 to July 2025 are presented, including food, clothing, housing, and other categories [52]. PPI - In July 2025, the PPI decreased by 3.6% year - on - year, and the purchasing price index for industrial producers decreased by 4.5%. The average PPI from January to July decreased by 2.9% compared with the same period last year [58]. - The year - on - year data of PPI for major industries from July 2024 to July 2025 are provided, including production materials, living materials, and various mining and manufacturing industries [58][61]. - The year - on - year data of industrial producer purchasing prices from July 2024 to July 2025 are given, including fuel power, black metal materials, and other categories [62]. Main City Newly - Built Residential Prices - The year - on - year and month - on - month data of the price index of newly - built commercial residential buildings in 70 large and medium - sized cities from June 2015 to June 2025 are shown, including data for first - tier, second - tier, and third - tier cities [63][64][66].

序号股东名称持股比例1鸿苇投资（琼海）有限公司100% 来源：金融界 经营范围含许可项目：危险废物经营；建筑物拆除作业（爆破作业除外）；燃气经营。（依法须经批准 的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）化 工产品销售（不含许可类化工产品）；专用化学产品销售（不含危险化学品）；颜料销售；合成材料销 售；肥料销售；煤炭及制品销售；非金属矿及制品销售；塑料制品销售；石墨及碳素制品销售；非食用 盐销售；机械设备销售；金属材料销售；建筑材料销售；新能源原动设备销售；电池销售；半导体器件 专用设备销售；机械电气设备销售；矿山机械销售；特种设备销售；光伏设备及元器件销售；生态环境 材料销售；工业机器人安装、维修；装卸搬运；工程管理服务；大气环境污染防治服务；石油天然气技 术服务；信息技术咨询服务；国内货物运输代理；劳务服务（不含劳务派遣）；机械设备租赁；新材料 技术研发。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 天眼查App显示，近日，内蒙古鸿亿供应链有限公司成立，法定代表人为王洁，注册资本500万人民 币，由鸿苇投资（琼海）有限公司全资持股。 企业名称内蒙 ...

Economic Performance - The Hengqin Guangdong-Macao Deep Cooperation Zone achieved a GDP of 26.313 billion yuan in the first half of the year, with a year-on-year growth of 5.0% [1] - The secondary industry saw a decrease in added value by 34.0%, amounting to 2.466 billion yuan, while the tertiary industry increased by 12.1%, reaching 23.847 billion yuan [1] - The industrial added value above designated size declined by 9.7%, but the decline was narrowed by 13 percentage points compared to the first quarter [1] Sector Performance - The specialized equipment manufacturing industry grew by 31.6%, and high-tech manufacturing added value increased by 8.2% [1] - The service sector's added value of 23.847 billion yuan contributed 7.7 percentage points to GDP growth, with significant increases in wholesale and retail (27.3%), information transmission, software and IT services (21.9%), and leasing and business services (12.9%) [1] Consumer Market - The total retail sales of consumer goods reached 2.459 billion yuan, growing by 42.1%, with a notable increase in home appliances and audio-visual equipment retail sales by 171.7% [2] - Fixed asset investment decreased by 27.9%, but the decline was less severe than in the first quarter, with the secondary industry investment surging by 298.5% [2] - The total import and export volume reached 22.481 billion yuan, marking a significant year-on-year growth of 101.5% [2] Fiscal Performance - The general public budget revenue was 5.407 billion yuan, down by 3.0%, while expenditures increased by 20.4% to 7.801 billion yuan, with 69.2% allocated to livelihood spending [2] Foreign Investment - The number of Australian-funded entities in the cooperation zone reached 7,346, a year-on-year increase of 14.6%, accounting for 12.3% of all operating entities [3]

Group 1 - The service industry in China showed a strong growth in the first half of the year, with a value added of 39,031.4 billion yuan, representing a year-on-year increase of 5.5% and accounting for 59.1% of the GDP, an increase of 0.7 percentage points compared to the previous year [1][2] - The contribution rate of the service industry to national economic growth was 60.2%, up by 5.8 percentage points year-on-year, with the service sector driving GDP growth by 3.2 percentage points, an increase of 0.5 percentage points [2] - In the second quarter, the service industry added value reached 19,517.2 billion yuan, growing by 5.7% year-on-year, with a contribution rate to economic growth rising to 61.2% [2] Group 2 - The service retail sales increased by 5.3% year-on-year, outpacing the growth of goods retail sales by 0.2 percentage points, while per capita service consumption expenditure rose by 4.9%, accounting for 45.5% of total per capita consumption expenditure [2] - Cultural and tourism consumption saw significant growth, with tourism services and cultural sports services increasing by 31.9% and 7.4% respectively, and the national box office exceeding 29.2 billion yuan, growing over 20% year-on-year [3] Group 3 - The high-tech service sector experienced robust demand, with fixed asset investment in high-tech services growing by 8.6% year-on-year, and investment in information services increasing by 37.4% [5] - The business activity index for the service industry remained above the critical point, averaging 50.2, indicating continued expansion and positive market expectations [6][7] Group 4 - The integration of technological and industrial innovation is deepening, with high-tech service enterprises showing revenue growth of 9.9% and strategic emerging service enterprises growing by 9.5% from January to May [4] - The digital technology application sector also saw a revenue increase of 11.2% year-on-year, reflecting ongoing innovation and optimization in digital service supply [4]

Economic Overview - Wuhan's GDP reached 1,059.28 billion yuan in the first half of the year, marking a 5.5% year-on-year growth, surpassing the 1 trillion yuan milestone for the first time in the first half of the year [1][2] - Key drivers include rapid growth of new productivity, strong recovery of the consumer market, and high-level openness to foreign trade [1] Industry Performance - The primary industry added value was 19.33 billion yuan, growing by 3.8%; the secondary industry added value was 348.80 billion yuan, growing by 4.0%; and the tertiary industry added value was 691.14 billion yuan, growing by 6.3% [2] - Industrial economy showed a continued recovery with a 5.1% year-on-year growth in industrial added value, accelerating by 1.6 percentage points compared to the first quarter [2] - Among 35 major industries, 23 saw year-on-year growth, with the computer, communication, and other electronic equipment manufacturing industry growing by 15.4% and electrical machinery and equipment manufacturing by 11.1% [2] - High-tech manufacturing added value grew by 15.7%, accounting for 24.6% of the total industrial added value [2] - Notable growth in lithium-ion batteries (98.9%), industrial robots (84.3%), and medical instruments (77.3%) [2] - Profits of large-scale industrial enterprises increased by 26.4% year-on-year from January to May [2] Investment Trends - Fixed asset investment in Wuhan grew by 2.0% year-on-year, with industrial investment increasing by 12.1% and infrastructure investment by 8.5% [3] - High-tech service industry investment surged by 28.5%, while private investment (excluding real estate) rose by 13.0% [3] Consumer Market and Trade - The service industry maintained rapid growth with a 6.3% year-on-year increase in added value [4] - From January to May, revenue of large-scale service enterprises grew by 10.4%, with leasing and business services up by 17.4% and information technology services by 9.6% [4] - Retail sales of consumer goods reached 427.99 billion yuan, growing by 7.3% year-on-year, with significant increases in sales of upgraded goods [4] - Notable growth in retail sales included food (8.1%), cosmetics (14.5%), jewelry (19.2%), and sports and entertainment products (91.5%) [4] - The per capita disposable income of residents was 32,566 yuan, a 4.8% increase year-on-year, with urban residents at 34,947 yuan (4.6% growth) and rural residents at 18,639 yuan (6.0% growth) [4]