数据来源：中国海关，智研咨询整理 近一年中国印刷电路出口情况统计图 数据来源：中国海关，智研咨询整理 相关报告：智研咨询发布的《2025-2031年中国软性印刷电路行业市场运行态势及产业前景研判报告》 根据中国海关数据显示：2025年6月中国印刷电路进口数量为26亿块，同比下降3.4%，进口金额为5.84 亿美元，同比增长6%，2025年6月中国印刷电路出口数量为63亿块，同比增长54%，出口金额为21.61亿 美元，同比增长32.2%。 近一年中国印刷电路进口情况统计图 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

中华银科技公告，于2025年7月8日，公司与(a)深圳市正佳兴电子有限公司(客户A)订立采购框架协议(客 户A协议)，内容有关集团向客户A长期供应印刷电路及其他电子材料与元件;及(b)深圳市小白助理科技 有限公司(客户B)订立采购框架协议(客户B协议)，内容有关集团向客户B长期供应人工智能(AI)电子产 品。 香港联交所最新资料显示，8月27日，中华银科技(00515)股东将股票由中国银行(香港)转入富途证券国 际香港，转仓市值817.86万港元，占比13.32%。 ...

中华银科技公告，于2025年7月8日，公司与(a)深圳市正佳兴电子有限公司(客户A)订立采购框架协议(客 户A协议)，内容有关集团向客户A长期供应印刷电路及其他电子材料与元件;及(b)深圳市小白助理科技 有限公司(客户B)订立采购框架协议(客户B协议)，内容有关集团向客户B长期供应人工智能(AI)电子产 品。 智通财经APP获悉，香港联交所最新资料显示，8月27日，中华银科技(00515)股东将股票由中国银行(香 港)转入富途证券国际香港，转仓市值817.86万港元，占比13.32%。 ...

Group 1: Market Trends - A-shares have shown strong performance since August, driven by improved global manufacturing sentiment and rising domestic demand[3] - The overall valuation of the TMT and military sectors has reached historical highs, indicating limited room for further expansion[4] - The shift from small-cap growth represented by the National Index 2000 to large-cap growth represented by the ChiNext Index is evident, reflecting accelerated industry rotation[4] Group 2: Economic Indicators - The manufacturing sector's profitability is expected to improve, with the lower limit of net profit margins confirmed by February 2025[4] - As of July, the electricity consumption in the secondary industry has shown a continuous recovery for five months, indicating a positive trend in production activity[4] - The average ROE for non-financial companies in the A-share market is projected to improve in Q1 and Q2 of 2025, suggesting a broadening of profit recovery across sectors[4] Group 3: Investment Recommendations - Focus on sectors benefiting from overseas manufacturing recovery, such as industrial metals and capital goods, as they are expected to see increased demand[5] - The insurance sector is likely to benefit from capital returns reaching a bottom, alongside brokerage firms[5] - Opportunities in domestic demand-related sectors are emerging, particularly in food and beverage and electric equipment, as large-cap stocks begin to outperform[5] Group 4: Risks - There is a risk that domestic economic recovery may fall short of expectations, which could impact market performance[6] - A significant downturn in the global economy could also pose risks to the A-share market[6]

Core Insights - Hubei province has demonstrated significant growth in foreign trade, with a total import and export value of 477.18 billion yuan from January to July 2024, marking a year-on-year increase of 28.7%, surpassing the national average of 25.2% [1][2] - The province's foreign trade has shown a robust upward trend over the past five years, with a total value increase of 78.9% compared to 2019, achieving an average annual growth rate of 12.3% [1][3] - Hubei's ranking in national foreign trade has improved, moving from 17th in 2019 to 15th in 2024, and further to 11th in the first half of 2025, closing the gap with Henan province [1][7] Trade Performance - In the first half of 2024, Hubei's total import and export value reached a historical high of 402.31 billion yuan, with exports amounting to 342.79 billion yuan (up 37.9%) and imports at 134.39 billion yuan (up 10.0%) [2][3] - The province's export of high-tech products increased by 19.8% in 2024, accounting for 25.5% of total export value, with significant growth in integrated circuits and photovoltaic products [3][4] Infrastructure and Logistics - Hubei has expanded its logistics channels, including new shipping routes and rail connections, which have reduced logistics bottlenecks and enhanced trade capabilities [4][6] - The province's strategic location and infrastructure improvements have facilitated access to emerging markets, with imports and exports to Belt and Road Initiative countries reaching 220.81 billion yuan, a 32.6% increase [6][10] Policy Support and Competitive Advantage - Hubei's foreign trade growth is supported by national strategies such as the Yangtze River Economic Belt and RCEP, along with local policies that enhance trade facilitation and attract foreign investment [6][10] - The province's unique advantages in industrial structure and logistics, particularly in water transport, provide a competitive edge over neighboring provinces like Henan [10][11]

2025年年初，印度尼西亚成为金砖国家正式成员。截至6月底，扩员后的其他金砖成员国和伙伴国总数 达到20个。 根据海关发布的数据，上半年，中国对其他金砖成员国和伙伴国进出口6.11万亿元，同比增长3.9%，占 中国进出口总值的28.1%。 "我们将贸易与投资相结合、与研发相结合，支持相关国家改善基础设施。"海关总署新闻发言人、统计 分析司司长吕大良日前在国新办发布会上表示，金砖国家合作机制的再次"扩员"升级，已经成为全球南 方的"第一方阵"，促进相关产业转型升级，也带动了贸易增长。 金砖大家庭各有比较优势 记者从广州海关获悉，在广州出口优势商品中，约半数电动汽车和包装机械、三分之一的水产品和电视 机、四分之一的船舶和灯具销往金砖国家。在进口方面，广州超过一半的能源产品、三分之一的初级塑 料、近四分之一的农产品来自金砖国家。与此同时，中国与金砖国家签署了多份农食产品准入文件。上 半年，越南燕窝、泰国养殖水产品、马来西亚鲜食榴莲等新增准入商品通过广州源源不断地进入国内市 场，丰富国内消费者的购物选择。 金砖国家海关示范中心建成 6月30日，金砖国家"智慧海关"示范中心网正式上线。"示范中心一方面向其他金砖国家海关 ...

Core Viewpoint - Shanghai's foreign trade has shown resilience in the face of complex external challenges, achieving a historical high in scale and a significant upward trend [1]. Group 1: Trade Performance - In the first half of the year, Shanghai's total foreign trade reached 2.15 trillion yuan, a year-on-year increase of 2.4%. Exports amounted to 952.7 billion yuan, growing by 11.1%, while imports were 1.2 trillion yuan, down 3.6% [3]. - Shanghai has achieved positive growth for five consecutive months since February, with exports maintaining growth for nine months and imports for three months. The second quarter saw a record high in trade volume at 1.14 trillion yuan, with a growth rate of 7.2%, the highest in nearly eight quarters [2][3]. Group 2: Private Enterprises - Private enterprises in Shanghai have shown significant growth, with imports and exports reaching 818.3 billion yuan in the first half of the year, a 23.6% increase, surpassing the overall city's growth rate by 21.2 percentage points. This sector has maintained double-digit growth for six consecutive months [5]. - The number of private enterprises with import and export records reached 41,000, a 7.6% increase from the previous year. Specialized "little giant" enterprises have also outperformed the overall growth rate, with a 7% increase in exports [6]. Group 3: High-tech Products - High-tech product exports reached 239.6 billion yuan in the first half of the year, accounting for 25.2% of total exports. Notable growth was seen in liquefied natural gas transport vessels (42% increase) and surgical robots (3.9 times increase) [8]. - The export of intermediate goods supported Shanghai's export growth, with a total of 527.4 billion yuan in intermediate goods exported, a 20.5% increase, contributing 10.5 percentage points to overall export growth [9]. Group 4: Market Diversification - Shanghai's exports to non-US markets grew by 16.1%, compensating for a decline in exports to the US. The increase amounted to 117.0 billion yuan, effectively offsetting a decrease of 21.4 billion yuan in exports to the US [12]. - Exports to countries involved in the Belt and Road Initiative reached 887.3 billion yuan, an 11.8% increase, with significant growth also seen in exports to ASEAN and BRICS countries [13]. Group 5: Import Trends - Although overall imports in Shanghai saw a slight decline, monthly imports have been increasing since April, indicating positive trends in both production and consumption [15]. - In June, imports of industrial raw materials such as iron ore and plastics increased significantly, while imports of consumer goods also showed growth, particularly in dairy products and fruits [15]. Group 6: Port Performance - Shanghai's port accounts for nearly one-fourth of the national total in import and export value, maintaining its position as the largest port in China for 11 consecutive years [16]. - The port's capabilities include handling a significant volume of vehicles and various consumer goods, with copper and plastics making up substantial portions of national imports [16].

Group 1 - The article discusses the recent call by Elon Musk for Trump to fulfill his promise to release documents related to Jeffrey Epstein's case, highlighting the ongoing controversy surrounding Epstein's alleged crimes and Trump's involvement [1] - The article mentions that the Chinese customs authority reported a 3.9% year-on-year increase in trade with other BRICS countries, amounting to 6.11 trillion yuan, which represents 28.1% of China's total trade [4] - The article notes that China's high-tech product exports grew by 9.2% in the first half of the year, marking nine consecutive months of growth, with significant increases in exports of high-end machine tools and marine engineering equipment [8] Group 2 - The article highlights that several private entrepreneurs, including Wang Xingxing of Yushutech, will participate in a press conference to discuss the spirit of entrepreneurship and their contributions to China's development [5][6] - The article reports that Chery Automobile clarified that a reduction of over 140 million yuan in new energy promotion subsidies was part of a normal process and not due to any violations [9] - The article mentions that Taobao's flash sale platform achieved over 80 million orders in a single day, with a 15% week-on-week increase in daily active users, indicating strong consumer demand [12][13] Group 3 - The article notes that several airlines, including Spring Airlines, are implementing measures to allow female flight attendants to wear flat shoes instead of high heels, reflecting a shift towards prioritizing occupational health and a more humanized service approach [14][15] - The article reports that TSMC is accelerating the construction of its wafer fabrication plants in the United States, with plans to expedite the selection of contractors for its Arizona P3 plant [16]

Core Insights - The import and export volume between China and other BRICS member countries and partner nations reached 6.11 trillion yuan in the first half of the year, representing a year-on-year growth of 3.9% and accounting for 28.1% of China's total import and export value [1] Group 1: Trade and Investment - The BRICS cooperation mechanism has expanded, positioning itself as a leading coalition among developing countries [1] - China is integrating trade with investment and research and development to support related countries in improving infrastructure and promoting industrial transformation [1] Group 2: Industrial Cooperation - In the industrial sector, BRICS countries are leveraging their comparative advantages, leading to closer cooperation in supply chains for chemicals, metals, and electronics [1] - Significant growth was observed in imports from other BRICS countries, particularly in printed circuit boards and components for automatic data processing equipment, while rubber and plastics also showed growth [1] - China's exports of petrochemical machinery and metal processing machine tools have also increased rapidly [1]

Economic Overview - The economic performance of Jiangmen City from January to May 2025 is characterized as "generally stable," despite a continuous decline in fixed asset investment [2] - Key economic indicators such as industrial added value and retail sales continue to show positive growth [2] Industrial Performance - The industrial added value of Jiangmen's scale above designated size increased by 2.6% year-on-year, with a slight deceleration of 0.1 percentage points compared to the previous month [3] - The manufacturing sector saw a growth of 3.6%, while the electricity, heat, gas, and water production and supply sector declined by 3.4%, and the mining sector experienced a significant drop of 36.9% [3] - Among 21 major industrial products, 16 categories maintained positive growth, with notable increases in stainless steel daily products (62,400 tons), furniture (3.8795 million pieces), and motorcycles (2.0451 million units), all exceeding 20% growth [3] Fixed Asset Investment - Fixed asset investment in Jiangmen decreased by 26.5% year-on-year, with the decline rate widening by 1.9 percentage points compared to the previous month [4] - State-owned investment fell by 26.9%, while private investment decreased by 23.0% [4] - Investment in the real estate sector also saw a decline of 26.1%, with a 14.9% drop in sales area and a 10.2% decrease in sales revenue [4] Foreign Trade - Jiangmen's foreign trade value increased by 6.7% year-on-year, reaching 80.08 billion yuan, which is higher than the national and provincial average growth rates [5] - Exports amounted to 68.65 billion yuan, growing by 9.9%, ranking fourth in the province, while imports fell by 9.3% to 11.43 billion yuan [6] - Private enterprises showed a rapid growth in imports and exports, totaling 46.25 billion yuan, a 12.4% increase, accounting for 57.8% of the total [6] Export Performance - The top five export products included household appliances (9.92 billion yuan, 6.3% growth), motorcycles (7.15 billion yuan, 55.9% growth), and general machinery (4.59 billion yuan, 19% growth), collectively representing 42.1% of total exports [7] - Exports of ships and paper products also saw significant growth, with increases of 32.3% and 19.9%, respectively [7] Retail and Fiscal Revenue - The total retail sales of social consumer goods reached 52.369 billion yuan, with a year-on-year growth of 2.8%, accelerating by 0.4 percentage points compared to the previous month [8] - Local general public budget revenue increased by 2.6% year-on-year, although the growth rate slowed by 0.6 percentage points compared to the previous month [8]