超级赛道迎来利好政策。 今日，广东省人民政府办公厅印发《广东省支持低空经济高质量发展若干措施》（以下简称《若干措 施》）的通知，其中提出，推动省级低空空域管理改革，加快建设省综合飞行服务平台和广州、深圳、 珠海等飞行服务站，提升空域协同运行管理与服务能力。加大对低空经济企业上市培育力度，支持符合 条件的优质企业境内外上市。 近年来，低空经济相关政策逐步细化，行业日渐走向成熟，行业规模不断扩大。据中国民航局预测， 2025年中国低空经济市场规模将达1.5万亿元，2035年有望突破3.5万亿元。有券商机构指出，国家战略 聚焦低空经济新赛道，各地相继出台低空经济发展纲领性政策。从应用场景来看，低空物流、低空文旅 等应用场景先行，其他领域亦在积极探索过程中。 广东最新发布 10月24日，广东省人民政府办公厅印发《广东省支持低空经济高质量发展若干措施》的通知，提出了16 条具体举措，打造全国领先的低空经济产业发展高地。 《若干措施》提出，加快空域资源释放与安全高效利用。坚持"先易后难、因地制宜"原则，科学规划并 动态优化省内低空航路航线网络。推动省级低空空域管理改革，加快建设省综合飞行服务平台和广州、 深圳、珠海等飞行 ...

Core Insights - The "Nansha Plan" has successfully completed its first phase, with significant achievements in enhancing the business environment and fostering regional development, particularly in strategic emerging industries and advanced manufacturing [2][4]. Group 1: Development Goals and Achievements - The "Nansha Plan" was officially implemented in June 2022, with 2025 set as the target year for the first phase, focusing on creating a major strategic platform for cooperation [2]. - The added value of strategic emerging industries accounted for 37.8% of GDP, while the added value of advanced manufacturing reached 75.9% of the industrial output [2]. Group 2: Strategic Recommendations - Experts suggest that Nansha should accelerate the establishment of a technology innovation hub and implement more open talent policies to attract top talent in key sectors such as high-end chips and biomedicine [10]. - A modern industrial system characterized by "specialization, high-end, and intelligence" should be constructed, with a focus on traditional industries like shipbuilding and emerging fields like deep-sea and biomedicine [11]. - Nansha should leverage digital technology to enhance its competitiveness and push for a comprehensive digital transformation [11]. Group 3: Urban Development and Governance - The development of a multi-layered, networked urban structure is recommended, integrating market mechanisms into urban governance to alleviate fiscal pressures on the government [12]. - Emphasis on resource integration and collaborative innovation is crucial, with a focus on aligning with the strategic positioning of "facing the world" [12]. Group 4: Future Directions - Nansha is encouraged to focus on ecological green technology and extend its industrial chain in automotive and shipbuilding sectors to enhance resilience and safety [15]. - The exploration of service trade development, particularly in areas like intellectual property and cultural tourism, is seen as vital for boosting foreign trade competitiveness [15].

中国人一颗美国大豆都不买了——这是美国人没预料到的，更没想到的是，一旦中国停买，别的国家也跟着不买。原因很简单：没有任何一个国家像中国那 样有丰富多样的大豆及其制品用途。中国能把大豆加工成数十种、上百种不同的食品，需求结构与其他国家完全不同。 通常情况下，中国每年要进口大约一亿吨大豆，自产只有两千万吨左右。今年超过七成的大豆来自巴西，约七千四百万吨，成为全球大豆贸易的主力；美国 占比大约二成出头，阿根廷约五个百分点，其他国家只占很小的一部分。上半年，中国已经提前向美国大豆生产商释放了信号：别指望我们会大量买你们的 大豆，中美之间可能会有贸易摩擦。美国方面最开始并没有把这话放在心上——他们觉得有特朗普在，关税这根"棒子"随时可以挥起来，如果中国敢不买， 美国就能用关税逼服对方。 美国农民对特朗普的信心远胜于对市场的担忧：他们相信有了关税作后盾，中国最终会服软，不但继续买美国大豆，而且会按照美国人期望的价格来买。照 他们的逻辑，这是稳妥的政治与经济赌注。可事实却没有照他们的想法发展——中国选择不买美国大豆，一颗也不买。 更出人意料的是，阿根廷在接受美国对其政府的大手笔援助后，并没有完全站在美国一边，反而向中国大量 ...

此次融合试点工作由国家认监委统一组织实施，旨在通过质量认证手段助力企业提质增效、增强产业链 韧性与协同性、服务区域特色经济振兴。济南市重型汽车产业基础雄厚、链条完整、集聚效应明显，具 备开展质量认证融合试点的良好条件和示范意义。试点获批后，将围绕重型汽车整车制造、关键零部件 研发、检验检测、认证服务等重点环节，系统推进质量管理体系升级工作，全面提升产业链整体质量水 平和核心竞争力。 近年来，济南市市场监督管理局持续深化质量认证体系建设，联合中国贸促会开展"'一起益企'质量认 证服务企业济南行"系列活动，近900家企业千余名企业管理人员到场参加；积极培育"泰山品质"高端认 证，通过"政府推动、标准引领、市场运作"模式，成功推选11家企业获证，占全省数量的10%。此次重 型汽车产业试点的获批，是济南市质量认证工作从单个企业培育向全链条赋能延伸的重要突破。 齐鲁晚报齐鲁壹点记者李培乐 日前，国家认证认可监督管理委员会正式印发通知，公布全国首批50个质量认证服务强企强链强县融合 试点名单，由济南市市场监督管理局精心指导并推荐申报的高新区重型汽车产业成功入选。 ...

Group 1 - The advanced manufacturing clusters in Ningbo, Zhejiang East Industrial Mother Machine, Hangzhou Bay Modern Textile and Apparel, and Jintai Hilly Area Agricultural Machinery Equipment are showing strong development momentum with significant core data and industrial upgrade results [1][2][3] - In Ningbo's green petrochemical cluster, the industrial added value above designated size increased by 5.3% year-on-year from January to July, with the petroleum processing industry growing at 15.6%, significantly outperforming the industrial average [1] - The Zhejiang East Industrial Mother Machine cluster has gathered over 2,000 enterprises, achieving an output value of nearly 280 billion yuan in 2023, with a notable acceleration towards high-end manufacturing driven by innovation and industrial chain collaboration [1] Group 2 - The Hangzhou Bay Modern Textile and Apparel cluster, recognized as a global textile production and trading center, reported a 9.6% year-on-year growth in the dyeing industry, with a production value of 19.25 billion yuan from January to April [2] - Zhejiang Yingfeng Technology Co., Ltd. invested over 1 billion yuan to build a new "future factory," which is expected to enhance production efficiency and market competitiveness through smart dyeing equipment and information management systems [2] - The Jintai Hilly Area Agricultural Machinery Equipment cluster has a total output value exceeding 90 billion yuan, with over 3,000 agricultural machinery-related enterprises in Taizhou, accounting for over 40% of the province [3] Group 3 - The development path for advanced manufacturing clusters in China should focus on four key directions: promoting leading industries, cross-regional industrial collaboration, cross-industry cluster synergy, and upstream and downstream collaboration within the cluster [3] - A systematic approach is suggested for building world-class advanced manufacturing clusters, aiming to cultivate 10 such clusters by 2030 and 20 by 2035, based on industry maturity [4]

Performance Summary - The company held its 2025 semi-annual performance briefing on September 2, 2025, via an online platform, where key executives engaged with investors [1][3] - The company reported a significant increase in revenue for the first half of 2025, driven by aggressive market expansion, with aluminum alloy sales up approximately 50.70% and component sales up about 12.31% year-on-year [2] Financial Performance - Despite revenue growth, the company's net profit decreased due to intensified competition in the automotive supply chain, ongoing price wars among car manufacturers, and increased costs related to an employee stock ownership plan [2] - The net cash flow from operating activities decreased, primarily due to a substantial increase in raw material purchases and a rise in accounts receivable [2] Future Business Focus - The company is focusing on expanding its business in robotics and magnesium alloys, having established the "Yongmaotai Robotics Technology Research Institute" and collaborated with various robotics companies and academic institutions [2] - The company has secured orders for multiple products in the robotics sector and is actively developing magnesium alloy components for well-known automotive and electronic manufacturers [2]

Group 1 - The core viewpoint of the news is that during the "14th Five-Year Plan" period, the General Administration of Customs has implemented innovative regulatory models to enhance cross-border e-commerce and promote high-quality development, resulting in significant achievements in trade and customs operations [1][2][3][4][5] - The total value of China's goods trade is projected to reach 43.8 trillion yuan in 2024, maintaining its position as the world's largest trader for eight consecutive years, with a year-on-year growth of 3.5% in imports and exports from January to July this year [1] - The customs authority has introduced 108 reform measures to facilitate cross-border trade, expanding the initiative to 25 cities across 17 provinces, which has been positively received by businesses [2][3] Group 2 - The customs authority has streamlined customs procedures, implementing a "7×24" hour appointment system for customs clearance, significantly reducing the time for goods to be transferred at ports [2][3] - The number of countries and regions from which China imports agricultural products has increased by 81, with 271 types of food products added during the "14th Five-Year Plan" period [1][4] - China has signed 519 cooperation documents with various countries, enhancing trade security and convenience, and has become one of the top three trading partners for 157 countries and regions globally [4][5] Group 3 - The establishment of 40 new and expanded open ports has created a comprehensive open port layout, facilitating broader economic and cultural exchanges [5] - The customs authority is preparing for the operation of the Hainan Free Trade Port, with plans to launch a smart regulatory platform and issue new customs regulations [5]

Core Viewpoint - The press conference highlighted the achievements of the customs authority in ensuring national security and promoting high-quality development during the "14th Five-Year Plan" period, emphasizing innovations in cross-border e-commerce and trade facilitation [1] Group 1: Customs Innovations and Regulatory Models - The customs authority has introduced innovative regulatory models for cross-border e-commerce, overseas warehouses, and "bonded+" operations to enhance regional coordinated development [1] - New trade dynamics have accelerated, with a significant increase in the "new three samples" exports, projected to grow 2.6 times by 2024 compared to 2020 [1] Group 2: Import and Export Trends - The import sources have diversified, with 271 types of agricultural and food products approved from 81 new countries/regions during the "14th Five-Year Plan" period [1] - The average annual growth rate of imports and exports is 7.9%, with the total goods trade expected to reach 43.8 trillion yuan in 2024, maintaining the top position globally for eight consecutive years [1] Group 3: Recent Trade Performance - In the first seven months of this year, imports and exports increased by 3.5% year-on-year, with exports growing by 7.3%, showcasing the resilience and vitality of China's foreign trade [1]

Investment Rating - The investment rating for the company is "Buy (Maintain)" [6] Core Views - The company achieved a revenue of 2.619 billion yuan in H1 2025, representing a year-on-year increase of 51.66%, while net profit decreased by 44.65% to 20 million yuan [2][3] - The company is actively expanding into new energy, new customers, and new markets, leveraging its integrated supply chain advantages to navigate market pressures [3] - Significant progress has been made in the robot business, with the establishment of the "Yongmaotai Robot Technology Research Institute" to enhance technological capabilities [4][5] Summary by Sections Revenue and Profitability - In Q2 2025, the company reported a revenue of 1.418 billion yuan, up 56.93% year-on-year, but net profit fell by 79.75% to 5 million yuan [2] - The company sold approximately 134,000 tons of aluminum alloy products in H1 2025, a year-on-year increase of about 50.70% [3] Business Development - The company has partnered with Top Group for the Ningbo Hangzhou Bay aluminum liquid direct supply project, which has an annual production capacity of 65,000 tons and is expected to reach 180,000 tons with the second phase [3] - New automotive parts projects for clients such as BYD, Geely, and Seres have entered mass production, and a smart manufacturing base for automotive parts in Mexico has been successfully established [3] Research and Innovation - R&D investment in H1 2025 was 57.54 million yuan, a year-on-year increase of 32.47%, with 41 new product and project developments [4] - The company is focusing on the development of aluminum and magnesium alloy components for robots, having secured orders from a well-known domestic robot manufacturer [5][10] Future Projections - Revenue projections for 2025-2027 are 5.45 billion, 7.42 billion, and 10.03 billion yuan, with year-on-year growth rates of 32.93%, 36.09%, and 35.23% respectively [11] - Net profit forecasts for the same period are 84 million, 113 million, and 158 million yuan, with corresponding growth rates of 122.87%, 34.65%, and 40.12% [11]

北京市国资委组织氢能产业专题调研学习 将氢能产业作为"十五五"规划研究重点方向 金十数据5月20日讯，北京市国资委官方微信消息，近日，北京市国资委党委委员、副主任贺昂率相关 市管企业到大兴国际氢能示范区调研。调研组邀请北京清华工业开发研究院副院长朱德权围绕氢能产业 的发展机遇做专题讲座。贺昂提出，市管企业要高度重视氢能产业的战略地位，以更大的力度、更有效 的举措推动氢能产业高质量发展。下一步，要坚持统筹谋划，将氢能产业作为"十五五"规划研究的重点 方向，把握制、储、运、加产业链条上的重点领域、关键环节，加快培育具有产品创新力、市场竞争 力、行业引领力的领军企业。加快推进液氢重卡、沼气制氢、制加氢一体站等一批重点项目建设，继续 深化在塑粉材料、关键零部件等领域的技术创新。要加强协同发展，一方面加强产业链上下游业务合 作，一方面充分借助国家实验室、高校院所等科研力量，为产业发展提供智力支持。 ...