10月29日，香山股份盘中下跌2.02%，截至14:14，报37.40元/股，成交1.92亿元，换手率3.93%，总市值 49.40亿元。 香山股份所属申万行业为：汽车-汽车零部件-汽车电子电气系统。所属概念板块包括：增持回购、蔚来 汽车概念、小盘、华为汽车、特斯拉等。 截至9月30日，香山股份股东户数1.31万，较上期减少9.44%；人均流通股9870股，较上期增加10.42%。 2025年1月-9月，香山股份实现营业收入44.70亿元，同比增长1.54%；归母净利润9053.68万元，同比减 少27.71%。 分红方面，香山股份A股上市后累计派现1.28亿元。近三年，累计派现4622.65万元。 责任编辑：小浪快报 资金流向方面，主力资金净流出79.43万元，特大单买入1647.78万元，占比8.59%，卖出2071.15万元， 占比10.79%；大单买入5223.48万元，占比27.22%，卖出4879.54万元，占比25.43%。 香山股份今年以来股价涨19.87%，近5个交易日跌8.09%，近20日涨3.00%，近60日涨10.42%。 资料显示，广东香山衡器集团股份有限公司位于广东省中山市东区起湾 ...

——访中国人民大学中国经济改革与发展研究院教授宋立 ■ 中国经济时报记者 周子勋 今年国庆中秋假期消费市场活力十足。其中，服务消费热度高涨是最大亮点。 10月9日，国家税务总局最新增值税发票数据显示，国庆中秋假期全国消费相关行业日均销售收入同比增长4.5%。其中，商品消费和服务消费同比分别增 长3.9%和7.6%，旅游、文化艺术体育服务需求强劲。国家电影局10月9日发布的数据显示，10月1日至8日，我国2025年国庆档电影票房为18.35亿元，观影 人次为5007万。中国人民大学中国经济改革与发展研究院教授宋立指出，扩大消费重在大力发展服务消费特别是新型服务消费，努力增加供给，满足不断 增长的服务消费需求，使我国服务消费在未来发展阶段实现较快发展，带动消费较快增长，更好满足人民群众日益增长的物质文化需求。 从消费需求占GDP的比重（消费率）来看，世界范围内，消费率随着经济发展阶段性变化和人均收入水平提高呈现"先降后升"趋势。如果按照人均GDP水 平从低到高排序，居民消费率呈现比较明显的扁平状"W"型分布，撒哈拉以南非洲地区人均GDP最低，消费率最高；南亚地区人均GDP有所提高，消费率 明显降低；中东和北非地区 ...

Core Viewpoint - The Federal Reserve's decision to lower the federal funds rate by 25 basis points to a target range of 4.00%-4.25% reflects a response to economic slowdown and political pressure, presenting both challenges and opportunities for Chinese export enterprises and cross-border e-commerce [1]. Direct Impact: Exchange Rate Fluctuations and Cost Restructuring - The depreciation of the US dollar typically leads to the appreciation of the RMB, impacting the competitiveness of export prices. For instance, the USD/RMB exchange rate fell from 7.3 to around 7.1, potentially causing a profit decline of 0.5%-1% for the textile industry with every 1% appreciation of the RMB [7][8]. - The appreciation of the RMB reduces import costs for raw materials and consumer goods, allowing cross-border e-commerce companies to optimize procurement strategies, particularly in categories like 3C electronics and beauty products [8]. - Increased exchange rate volatility raises the risk of foreign exchange losses for enterprises, with some exporters experiencing losses exceeding 5% of net profit in a single quarter due to unhedged positions [9]. Indirect Impact: Capital Flows and Market Segmentation - The Fed's rate cut encourages capital flow to emerging markets, reducing financing costs for Chinese export enterprises. For example, the dollar loan interest rate decreased from 5% to 4%, alleviating financial pressure [10]. - While US consumer spending may be stimulated by lower rates, high inflation could weaken actual purchasing power, leading to mixed demand for Chinese exports, with some categories like home appliances and clothing seeing moderate growth [12]. Long-term Trends: Industrial Upgrading and Restructuring - Traditional export sectors face pressure to upgrade due to RMB appreciation and rising labor costs, prompting a shift of low-end production to Southeast Asia. Companies are encouraged to innovate and build brands to enhance value [15]. - High-tech products and flexible supply chains are becoming central to cross-border e-commerce, with high-tech exports projected to account for 35% of total exports by 2024 [16]. - Diversification into regional markets through agreements like RCEP is essential for reducing reliance on the US market, with exports to ASEAN expected to rise to 16% by 2024 [17]. Corporate Response Strategies: From Passive Adaptation to Active Transformation - Traditional export enterprises should implement dynamic hedging strategies, diversify settlement currencies, and enhance product and market upgrades through increased R&D and brand development [18][20]. - Cross-border e-commerce companies are advised to optimize supply chains through localized procurement and flexible production, while also adjusting operational strategies to reduce dependency on third-party platforms [22][24]. Conclusion - The Fed's rate cut may intensify short-term risks for Chinese export enterprises and cross-border e-commerce, but it also compels a shift towards high-tech and high-value-added operations, necessitating a robust competitive framework for sustainable growth [29].

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵公司在芜湖生产基地建设好厂房没有？大概多久能 完成？ ST八菱（002592.SZ）9月11日在投资者互动平台表示，您好，公司子公司安徽八菱的新能源汽车配件 智能生产基地项目目前正在进行厂房建设和设备购置。 ...

（文章来源：每日经济新闻） ST八菱（002592.SZ）9月11日在投资者互动平台表示，奇瑞是公司客户，公司子公司安徽八菱的新能 源汽车配件智能生产基地项目系为了与当地汽车主机厂形成就近配套供应体系，满足客户就近配套需 求。 每经AI快讯，有投资者在投资者互动平台提问：奇瑞汽车获得港交所批准上市，请问贵公司芜湖项目 是给奇瑞新能源车生产配件吗？ ...

Group 1 - The integration of urban and rural areas in Jiangxi is transforming previously remote locations into prosperous hubs, enhancing regional development [2][3] - The establishment of a 100-kilometer lakeside road connects cities around Poyang Lake, fostering a wetland cultural tourism zone with various activities such as bird watching and dining [1] - The demonstration park in Yingtan's Yujiang District showcases efficient urban-rural integration, with companies like Huahao Precision Manufacturing benefiting from lower costs and increased production capacity [3] Group 2 - In the village of Tizhu, over 1,500 online stores have emerged, generating an annual sales revenue of 250 million yuan, showcasing the potential of digital economy and modern logistics [4] - The furniture industry in Nankang District is experiencing rapid growth, with a significant increase in investment and production efficiency due to improved service standards [7][8] - Nankang's furniture industry cluster achieved a production value exceeding 140 billion yuan in the first half of 2023, reflecting successful integration into the Guangdong-Hong Kong-Macao Greater Bay Area [7][8]

Core Viewpoint - The strategic cooperation between Huada Technology and Feilong Co., aimed at enhancing their positions in the rapidly growing electric vehicle and AI computing markets, is a significant step in deepening the company's layout in the new energy industry [1][2]. Group 1: Strategic Cooperation - Huada Technology and Feilong Co. signed a Strategic Cooperation Framework Agreement to achieve collaborative development in the fields of thermal management for electric vehicles, energy storage, and data centers [1][2]. - The partnership will leverage Feilong's strong R&D capabilities and customer base in new energy thermal management components, while Huada Technology will contribute its expertise in stamping, profiles, and die-casting [1][2]. - Both companies will jointly develop core components and integrated solutions, with potential joint investments to expand market share and respond to rapidly changing customer and market demands [1][2]. Group 2: Development Focus - Feilong Co. will support Huada Technology in developing intelligent AI casting temperature control systems and related fields, while Huada Technology will assist Feilong in the thermal management sector for electric vehicles and energy storage [2]. - A joint team will be established to accelerate project development, with intellectual property rights for thermal management products belonging to Feilong and those for stamping and related technologies belonging to Huada Technology [2]. Group 3: Market Position and Performance - Huada Technology's main business involves the development and production of automotive parts, establishing stable partnerships with major domestic automakers [2]. - The company has been actively expanding its customer base among leading domestic brands and new energy clients, achieving positive results from its customer transformation strategy [3]. - In the first three quarters of 2024, Huada Technology's revenue from new energy vehicle components reached 1.193 billion yuan, accounting for 35% of the company's total revenue [3].