人民日报记者 邓建胜 徐红梅 白光迪 "外销增速在30%左右。我们拼的不是价格，而是质量。"扬杰电子科技股份有限公司副董事长梁瑶 介绍，目前公司在越南启动了二期工厂建设，还计划在马来西亚、泰国投资晶圆工厂。 常熟市的小微外贸商户，则借助制度创新打开了新天地。 服饰商行经营者陈跃，在"市采通"（常熟市中小微企业跨境贸易综合服务）平台上传了交易单，一 批服装产品正准备发往国外。"以前做外贸，要跑海关、找第三方代办，既麻烦又有风险。现在，一个 平台就搞定了。"陈跃说。 作为全国市场采购贸易试点的创新之举，常熟"市采通"平台为中小微企业打造了一个集商户注册、 商品采购、组货拼箱、通关申报、收汇结汇、免税申报及供应链金融于一体的"一站式"出口服务解决方 案。自2020年以来，该平台年出口额从10亿美元增长至150多亿美元。 冬日午后，汽笛长鸣。一列满载汽车零部件的中吉乌班列，从江苏省连云港市上合组织国际物流园 驶出。车厢里，整齐排列的货物将运抵中亚市场。 目光南移，长江入海口的太仓港岸桥起落，数千辆国产汽车驶上远洋巨轮，准备发往欧洲、东南 亚。 一北一南，一车一船，江苏外贸在这个冬天里热气腾腾。 "江苏产业体系比较完备 ...

Core Viewpoint - Jiangsu's foreign trade demonstrates strong resilience despite uncertainties in the external trade environment, with a total import and export value of 4.88 trillion yuan from January to October, accounting for 13.1% of the national total and contributing over 20% to the national export growth [2] Group 1: Market Expansion - Jiangsu is focusing on opening new markets and promoting industries and enterprises to go global, with companies like Yangjie Electronics producing around 30 million power semiconductor chips daily for overseas markets, achieving a 30% growth in export [3] - The "Shicaitong" platform in Changshu has facilitated small and micro foreign trade businesses, increasing its export value from 1 billion USD in 2020 to over 15 billion USD, streamlining the export process for local merchants [4] - Jiangsu's imports and exports to countries involved in the Belt and Road Initiative reached 2.44 trillion yuan, a year-on-year increase of 11.7%, while trade with ASEAN countries grew by 22.1% [4] Group 2: New Business Models - The cross-border e-commerce sector in Suzhou's Shengze Town has seen a significant increase, with a 225.4% year-on-year growth in import and export value, reaching 3.635 billion yuan from January to September [5] - Companies are leveraging digital channels and innovative business models, such as overseas warehouses and data-driven marketing, to enhance their international sales, with Jiangsu's cross-border e-commerce platforms experiencing over 60% growth in imports and exports [5] Group 3: Competitive Advantages - Jiangsu companies are enhancing their competitive edge through innovation and quality control, with firms like Borui Electric holding over 700 patents and participating in the formulation of international standards, while Yadea focuses on quality and adapts products for Southeast Asian markets [6] - The region's effective invention patent count remains among the highest in the country, with advanced manufacturing clusters contributing over 60% of these patents, indicating a strong foundation for high-quality development [7]

开拓新市场，推动产业和企业走出去 在扬州市扬杰电子科技股份有限公司的生产线上，芝麻粒大小的功率半导体芯片正源源不断地产出。每 天，约3000万只芯片从这里发往欧美等海外市场。 "外销增速在30%左右。我们拼的不是价格，而是质量。"扬杰电子科技股份有限公司副董事长梁瑶介 绍，目前公司在越南启动了二期工厂建设，还计划在马来西亚、泰国投资晶圆工厂。 常熟市的小微外贸商户，则借助制度创新打开了新天地。 冬日午后，汽笛长鸣。一列满载汽车零部件的中吉乌班列，从江苏省连云港市上合组织国际物流园驶 出。车厢里，整齐排列的货物将运抵中亚市场。 目光南移，长江入海口的太仓港岸桥起落，数千辆国产汽车驶上远洋巨轮，准备发往欧洲、东南亚。 一北一南，一车一船，江苏外贸在这个冬天里热气腾腾。 "江苏产业体系比较完备，创新能力较强，营商环境优良，还有自贸试验区等一大批高水平开放平台。 在对外贸易环境不确定性较大的背景下，江苏外贸依然展现出较强的韧性。今年1至10月，进出口总额 达4.88万亿元，占全国比重达13.1%，贡献了全国两成多的出口增量。"江苏省委书记信长星说。 围绕稳外贸，江苏着力在"新"字上做文章，开拓新市场、壮大新业态、培育 ...

Overview - The pet leash market in China is rapidly growing, with a projected market size of 5.614 billion yuan in 2024, representing a year-on-year growth of 15.64%, with dog leashes accounting for over 90% of the market share [1][11] - Increased attention to pet safety and comfort is driving demand for higher quality leashes, leading companies to develop more personalized and user-friendly products [1][11] - The rise in regulations promoting responsible pet ownership is expected to further boost the demand for pet leashes [1][11] Development Background - The aging population in China is contributing to the rise in pet ownership, with the population aged 65 and above expected to reach 219.69 million in 2024, a year-on-year increase of 1.35% [4] - The increasing divorce rate and declining birth rate are leading to a rise in solitary individuals who seek companionship from pets, further fueling the pet economy [4] - Over 90% of pet owners consider their pets as family or friends, indicating a strong willingness to spend on pet-related products [4] Industry Chain - The upstream of the pet leash industry includes suppliers of raw materials such as nylon, silicone, and metal, as well as suppliers of plastic components and packaging materials [6] - The midstream involves the manufacturing of pet leashes, while the downstream consists of sales channels including pet specialty stores, veterinary clinics, supermarkets, and e-commerce platforms [6] Current Market Status - The pet leash market is experiencing robust growth driven by a large pet-owning population, with a market size of 5.614 billion yuan projected for 2024, reflecting a 15.64% increase [11] - The demand for leashes is expected to grow as pet owners become more attentive to their pets' safety and comfort [11] Competitive Landscape - The pet leash market in China is highly competitive, with numerous participants. The top 10 brands by usage rate include hipidog (20.5%), flexi (11.9%), and Hoopet (11.3%) [13] - Companies like Wenzhou Yuanfei Pet Toys Co., Ltd. and Nanjing hipidog Pet Products Co., Ltd. are key players in the industry, with Yuanfei's revenue from pet leashes reaching 456 million yuan in 2024 [15][17] Development Trends - Future trends in the pet leash market include the integration of wearable technology, such as GPS tracking and health monitoring sensors, into leashes [19] - There will be a focus on ergonomic designs to reduce hand fatigue for pet owners, as well as an increase in customized products tailored to different pet sizes and behaviors [19]

Group 1: Pet Economy Growth - The pet economy is becoming a significant emotional companion for humans and a new growth point for foreign trade, with various pet products being exported from Jiangsu [1][2] - Jiangsu's pet product exports have seen substantial growth, with a notable increase in demand for pet food, toys, and apparel [1][2] - In the first half of the year, pet product exports from Huai'an reached a total value of 58.379 million yuan, marking a 40.2% year-on-year increase [1] Group 2: New Market Opportunities - Companies are expanding into new segments of the pet economy, such as pet furniture and emotional companion robots, capturing emerging market opportunities [2][3] - Jiangsu Jiyou Smart Home Products Co., Ltd. has successfully entered the pet home segment, achieving an export value of 5.8 million USD in the first five months of the year, a 3% increase [2] - Jiangsu Sanrun Clothing Group has seen a remarkable 12.11-fold increase in exports of AI pet robot clothing and accessories [2] Group 3: Challenges in Exporting - Exporting companies face challenges such as unfamiliarity with export inspection requirements and international standards [3][4] - Jiangyin Yingludun Biotechnology Co., Ltd. is working to overcome these challenges with the help of local customs experts who provide tailored export inspection solutions [3] - Companies are also dealing with seasonal and fashion-related pressures, where delays in delivery can significantly reduce product value [4][5] Group 4: Support from Authorities - Local customs authorities are actively supporting companies by providing guidance on export processes and standards [4][5] - The "Advance Declaration" policy is being promoted to facilitate smoother import and export operations for pet product manufacturers [5]

Market Overview - The Shanghai Composite Index rose by 0.4%, while the CSI 300 increased by 0.7%, the STAR Market 50 by 0.8%, the CSI 1000 by 1.1%, and the ChiNext Index by 1.8%. The Hang Seng Index decreased by 0.1% [5] - The best-performing sectors included defense and military (+2.7%), communication (+2.4%), electronics (+2.2%), pharmaceutical and biological (+1.8%), and steel (+1.4%). The worst-performing sectors were banking (-0.4%), transportation (-0.4%), environmental protection (-0.3%), public utilities (-0.2%), and construction decoration (-0.2%) [5] - The total trading volume in the Shanghai and Shenzhen markets was 15,394 billion, with a net inflow of 1.855 billion Hong Kong dollars from southbound funds [5] Important Recommendations Oriental Tower (002545) - The recommendation logic is based on the sustained high prosperity of global potash fertilizer, with the company actively expanding production, which is expected to lead to record-breaking performance [6] - Revenue projections for 2025-2027 are 4,417 million, 4,944 million, and 5,864 million, with growth rates of 5.26%, 11.93%, and 18.61% respectively. Net profit is projected at 1,082.6 million, 1,198.9 million, and 1,540.31 million, with growth rates of 91.86%, 10.74%, and 28.48% respectively [6] - Recent price increases in potash fertilizer are seen as a catalyst for growth [6] Source Pet (001222) - The recommendation logic highlights the company's leadership in pet leashes and the rapid growth of its self-owned brand, which is expected to open up valuation space [7] - Revenue projections for 2025-2027 are 1,671 million, 2,067 million, and 2,458 million, with growth rates of 27.59%, 23.66%, and 18.93% respectively. Net profit is projected at 166 million, 209 million, and 251 million, with growth rates of 1.26%, 25.45%, and 20.43% respectively [7] - The growth of the OEM business and the acceleration of the self-owned brand are seen as key drivers [7] Important Insights Strategy Report - The core viewpoint indicates that since 2018, only a few assets have outperformed gold, including certain cryptocurrencies and specific sectors like precious metals and small-cap stocks [8] - The report suggests that while some assets may temporarily outperform gold, maintaining that performance over the long term is challenging, thus emphasizing gold's long-term allocation value [8] - The report recommends focusing on high-dividend stocks and emerging technology sectors for long-term investments, while short-term attention should be on financial and technology sectors [9] Bond Market Research - The issuance of land reserve bonds is expected to have limited benefits for state-owned and private enterprises, primarily improving liquidity for urban investment platforms [10] - The report emphasizes a more granular analysis at the provincial level for potential interest rate spread opportunities [10] Important Comments Chalk (02469) - The introduction of the AI test preparation system is expected to help the company regain market share and enhance profits, marking a pivotal moment for growth [12] - Revenue forecasts for 2025-2027 are 2,805 million, 2,914 million, and 3,027 million, with net profit projections of 391 million, 434 million, and 473 million, reflecting growth rates of 7.94%, 10.89%, and 9.16% respectively [12] - The AI product's competitive pricing and market share recovery are seen as critical catalysts for future profitability [13]

Group 1 - OUO LIVING accuses AJ of design plagiarism regarding their pet leashes, highlighting 12 similarities in design elements [4][5] - The incident has prompted a response from Jordan, indicating a potential internal investigation by Nike [4][6] - The pet economy is becoming a competitive field with major brands like Nike and Adidas entering the market, despite the challenges of establishing a strong brand presence [8][10] Group 2 - The Chinese pet products retail market is projected to grow to 53.95 billion RMB by 2028, with a compound annual growth rate of 6.9% from 2023 to 2028 [8][9] - Consumer demand is diversifying, with significant sales growth observed during promotional events, indicating a rapid development trend in new consumption [9] - The pet industry faces low barriers to entry, leading to increased competition and the need for brands to build a solid reputation [10][11]