【深圳商报讯】（记者 罗凯燕）2025年是中泰建交50周年，随着区域经济一体化不断深化，深圳对泰 国经贸往来持续升温，产业合作日益紧密。记者从深圳海关获悉，今年前10个月，深圳市对泰国进出口 总值达928.2亿元，同比增长4.4%，进出口规模均居全国内地城市首位。其中，深圳对泰国出口新能源 车呈爆发态势，同比增长达99.1%。 在出口产品中，深圳智能制造表现抢眼。其中，新能源汽车对泰国出口数据尤为突出：今年前10个月， 深圳市出口泰国电动汽车12.8亿元，同比增长99.1%。 走进比亚迪（002594）汽车工业有限公司总装车间，机械臂挥舞、智能小车穿梭，生产线上一辆辆新能 源汽车整装待发，即将通过深圳港口出口泰国。比亚迪关务部经理刘锋介绍，今年以来，比亚迪出口泰 国的新能源整车达1.1万辆，同比增长超过50%。 据悉，为高效释放政策红利，助力企业更好地"走出去"，深圳海关聚焦新能源汽车出口链条，通过精准 解析中国—东盟自贸协定与RCEP叠加规则、共享风险信息、推行口岸属地协同监管等创新举措，形成 从政策指导到通关便利的全流程服务体系。刘锋介绍，受益于中国—东盟自贸协定政策红利，今年前10 个月，比亚迪出口泰国 ...

Core Insights - The 8th China International Import Expo (CIIE) showcased the Shaanxi Provincial Trade Group's commitment to high-quality participation, achieving significant procurement and cooperation outcomes [1][2][3] Group 1: Participation and Achievements - A total of 1,255 units from Shaanxi registered for the expo, with 4,132 professional attendees, indicating a steady improvement in both scale and quality compared to previous years [1] - The trade group achieved 48 transaction intentions with a total value of 2.538 billion yuan, including 21 signed procurement projects worth 674 million yuan [1] Group 2: Focus Areas and Collaborations - The trade group emphasized key sectors such as artificial intelligence, high-end equipment manufacturing, and new materials, conducting 16 targeted investment activities and establishing connections with 68 Fortune 500 foreign enterprises [2] - Fund project roadshows and industry promotion events led to signed cooperation agreements totaling 3 billion yuan, with 12 investment projects planned, amounting to an initial investment of 64.6 million yuan [2] Group 3: Cultural Exchange and Promotion - The trade group created cultural initiatives like the "National Level Pedestrian Street Exhibition" and "Shaanxi City Reception Hall Exhibition," featuring 47 representative enterprises [2] - On-site sales of Shaanxi specialty products reached 1.2729 million yuan, with 1,389 potential cooperation enterprises and an expected signing amount of 28.285 million yuan [2]

Core Insights - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol during the 47th ASEAN Summit enhances the cooperation between the Yangtze River Delta and ASEAN markets, solidifying the region's role in international trade [1] Trade Dynamics - China has maintained its position as ASEAN's largest trading partner for 16 consecutive years, while ASEAN has been China's largest trading partner for 5 years [1] - By 2024, bilateral trade between China and five ASEAN countries (Vietnam, Malaysia, Indonesia, Thailand, Singapore) is expected to exceed 100 billion USD, with trade with Vietnam and Malaysia surpassing 200 billion USD [1] - In the first three quarters of 2025, ASEAN remained the largest trading partner for the Yangtze River Delta, with import and export volume reaching 2.01 trillion CNY, a year-on-year increase of 18.9% [1] Regional Contributions - Shanghai's imports and exports with ASEAN reached 474.82 billion CNY in the first three quarters of this year, growing by 12.5%, significantly higher than the city's overall import and export growth of 5.4% [2] - Zhejiang's exports to ASEAN amounted to 188.52 billion CNY, with a year-on-year growth of 21.7%, highlighting the region's potential in the ASEAN market [3] - Jiangsu's trade with ASEAN reached 791.73 billion CNY, a 22.8% increase, with significant growth in consumer goods and electronic products [4] - Anhui's trade with ASEAN totaled 100.81 billion CNY, growing by 39.8%, with a remarkable 71.0% increase in imports and exports from Hefei [4] Product Categories - In Shanghai, mechanical and electrical products accounted for 61.5% of exports to ASEAN, with significant growth in integrated circuits and mobile phones [2] - Zhejiang's "New Three Samples" (newly emerging products), auto parts, and ships showed impressive growth rates of 49.5%, 28.0%, and 28.6% respectively [3] - Jiangsu saw explosive growth in consumer goods such as cosmetics and daily necessities, alongside strong performance in electronic consumer products [4] Investment and Services - In the first three quarters, Zhejiang issued 488,000 certificates of origin under the China-ASEAN Free Trade Agreement, valued at 142.92 billion CNY, benefiting enterprises by approximately 12.8 billion CNY [3] - Jiangsu's investment in ASEAN countries reached 1.67 million USD, accounting for 25% of the city's total foreign investment [4] - Nanjing's service outsourcing cooperation with ASEAN countries reached 860 million USD in the first half of this year, continuing to grow by 22% [4]

Core Insights - Qian Dama is leveraging its nearly 3,000 store network to enhance community engagement and supply chain efficiency, focusing on fresh produce and direct sourcing from farms [3][4][19] - The company emphasizes a "daily fresh" model that ensures products are sold on the same day they are harvested, thereby enhancing freshness and reducing waste [4][19] - Qian Dama aims to strengthen its market position in the Greater Bay Area by participating in the upcoming agricultural trade fair, seeking new products, partnerships, and industry insights [17][21] Supply Chain and Logistics - Qian Dama has established a highly efficient supply chain and logistics system, referred to as the "fresh highway," which minimizes intermediaries and ensures rapid delivery from farms to stores [4] - The company utilizes big data for order predictions and employs a full cold chain delivery network to ensure products reach stores within 24 hours of harvesting [4] - Direct partnerships with quality agricultural bases allow Qian Dama to maintain high standards and freshness, exemplified by their collaboration with various farms for specific products [4][12] Agricultural Collaboration - Qian Dama has developed a "farm-enterprise symbiosis" model, which has resulted in a consumption assistance amount of 2.3 billion yuan by the end of 2024, benefiting local farmers [9][13] - The company collaborates with farmers to create tailored agricultural standards and practices, enhancing product quality and farmer income [9][12] - Specific examples include partnerships in Guizhou for egg production and cucumber supply, demonstrating effective supply chain integration and local economic support [9][12] Seasonal Procurement Strategy - As autumn and winter approach, Qian Dama is focusing on seasonal products and quality control, implementing a strategy of direct sourcing and prioritizing seasonal items [14][16] - The company plans to enhance its supply chain and product quality through the establishment of standard planting demonstration bases [14] - Data-driven adjustments to procurement practices are being made to align with consumer preferences and reduce waste [16] Market Position and Future Plans - Qian Dama's competitive advantages include a strong brand reputation for freshness, an efficient supply chain, and a dense network of stores [19][21] - The company is exploring the introduction of international products to meet consumer demand for high-quality and diverse offerings [21] - At the upcoming agricultural trade fair, Qian Dama aims to discover new products, establish partnerships, and engage in knowledge exchange to drive industry innovation [21]

Core Points - The resumption of the Zhengzhou-Bangkok cargo route marks a significant development in the import of fresh tropical fruits from Southeast Asia to Henan, with a capacity to import approximately 25 tons of Thai fruits per flight, operating three times a week [1][2] - Zhengzhou Airport Customs has implemented measures such as "smart certification" and "conditional release" to enhance the efficiency of fresh goods clearance, allowing for same-day arrival and next-day market availability of Thai fruits [1][2] - The Zhengzhou aviation port has become a crucial air passage for Henan to connect with ASEAN, facilitating the import of over 30 types of fresh fruits and seafood, thus promoting the expansion and quality improvement of fresh import trade [1][2] Industry Overview - Zhengzhou Aviation Port is a key logistics hub with 33 all-cargo airlines operating and 45 international cargo routes, covering over 48 international cities and more than 30 countries and regions [2] - The port has achieved significant growth, with international cargo throughput exceeding 470,000 tons, a year-on-year increase of over 40%, and has become the first in Central China to reach the "10,000 flights" level this year [2] - The resumption of the cargo route and upgraded customs services enriches the local market's fruit offerings and enhances the region's access to the Southeast Asian fresh market, injecting new vitality into the open economic structure [2]

Core Insights - The China-Laos Railway has shown significant growth in both import and export volumes and values in the first three quarters of 2025, with a total of 4.1 million tons and a value of 19.72 billion yuan, representing year-on-year increases of 8.9% and 42.8% respectively [1][2] Group 1: Import and Export Performance - The total import and export volume to Laos reached 3.7255 million tons, with a value of 11.418 billion yuan, marking year-on-year growth of 7.7% and 24.6% [1] - Exports of electromechanical products have become the dominant force, with a value of 5.325 billion yuan, up 140.1% year-on-year, accounting for 54% of total exports [1] - High-value and high-tech products such as smartphones, industrial robots, and new energy vehicles are increasingly contributing to the export growth [1] Group 2: Import Trends - Southeast Asian specialty agricultural products have seen a significant increase in imports, totaling 6.09 billion yuan, a year-on-year growth of 38.1% [1] - The import of tropical fruits from Southeast Asia, including over 170,000 tons of durians from Thailand and bananas from Laos, has increased by 46.5% [1] Group 3: Role of Private Enterprises - Private enterprises have shown remarkable vitality, with a total import and export value of 15.38 billion yuan, a year-on-year increase of 22.4%, accounting for 78% of the total value [2] - The use of cold chain transportation via the China-Laos Railway has improved efficiency and reduced losses by 15% compared to previous road transport methods [2] - The expansion of business scope includes the first-time import of tea through the railway, indicating growth in diverse product offerings [2]

Core Insights - The China-Laos Railway has shown significant growth in import and export activities, with a total of 4.1 million tons of goods valued at 19.72 billion yuan in the first three quarters of this year, marking increases of 8.9% and 42.8% year-on-year respectively [1] - Exports of electromechanical products have surged, reaching 5.325 billion yuan, a 140.1% increase, accounting for 54% of total exports via the railway, indicating a shift towards higher quality and value in trade [1] - The import of agricultural products from Southeast Asia has also risen, with a total value of 6.09 billion yuan, a 38.1% increase, driven by strong demand for tropical fruits [1] Group 1: Trade Performance - In the first three quarters, exports reached 9.87 billion yuan, a growth of 65.1%, while imports totaled 9.85 billion yuan, increasing by 25.8% [1] - The railway has become a vital channel for trade, with private enterprises contributing significantly, accounting for 78% of the total trade value at 15.38 billion yuan, a 22.4% increase [2] Group 2: Customs and Regulatory Improvements - To enhance international freight demand, Kunming Customs has implemented measures to improve customs efficiency, including promoting "advance declaration" and utilizing non-intrusive inspection methods [2] - The customs authority has also increased the detection capabilities for major import and export goods, thereby enhancing overall regulatory effectiveness [2] Group 3: Economic Impact - The China-Laos Railway has not only benefited domestic trade but has also acted as an accelerator for Laos's economic development, with imports and exports to Laos reaching 3.7255 million tons valued at 11.418 billion yuan, reflecting growth of 7.7% and 24.6% respectively [2] - The railway is expected to further strengthen connections between China and ASEAN countries, playing a crucial role in building a closer China-ASEAN community [3]

Group 1 - The retail and catering sectors in Hubei achieved a total transaction volume of 52.606 billion yuan during the National Day and Mid-Autumn Festival holidays, with online retail sales reaching 10.32 billion yuan, marking a year-on-year growth of 15.3% [1] - The cross-border e-commerce industry in Hubei is thriving, with a variety of products available, including electronics, clothing, and food items from around the world, facilitated by the Huahu Airport [2] - The clothing e-commerce sector in Tianmen has seen significant growth, with an average daily shipment of 100,000 orders last year and a total sales revenue of 1.3 billion yuan, aiming for 2 billion yuan this year [2] Group 2 - Tianmen's clothing products are now sold in over 150 countries and regions, with plans to establish overseas warehouses in Thailand for faster delivery [3] - Hubei is enhancing the digital capabilities of its commercial circulation enterprises, with online retail sales for major retailers increasing by 19.2% in the first eight months of this year [3] - Hubei has developed 104 comprehensive cultural and tourism projects, significantly boosting various sectors such as tourism, entertainment, and hospitality [4] Group 3 - During the recent holidays, Hubei's A-level tourist attractions received 20.3634 million visitors, reflecting a year-on-year increase of 12.9% [4] - The vibrant consumer market in Hubei is contributing to the province's high-quality economic development [4]

Core Viewpoint - The article highlights the ongoing agricultural cooperation between China and countries involved in the Belt and Road Initiative, showcasing the potential for technology transfer and market expansion through events like the China International Agricultural Products Fair [1][2][6]. Group 1: Agricultural Cooperation - The 22nd China International Agricultural Products Fair was held in Tianjin, featuring exhibitors from 19 countries and regions, including Sri Lanka, Thailand, and Brazil, demonstrating the agricultural cooperation outcomes of Belt and Road countries [1][2]. - Sri Lankan exhibitor Anura aims to promote Sri Lankan tea and spices in China while exploring the introduction of Chinese agricultural technology, such as high-quality rice seeds and greenhouse cultivation techniques, to enhance productivity in Sri Lanka [2][6]. - Thailand, as the guest country of honor, showcased a variety of agricultural products and expressed interest in learning advanced agricultural technologies from China, particularly in optimizing fertilizer application using drone technology [4][6]. Group 2: Global Agricultural Governance - China has actively participated in global agricultural governance, signing over 100 cooperation documents with nearly 90 Belt and Road countries and international organizations to promote modern agricultural development and increase farmers' income [6]. - The fair serves as a platform for practical cooperation, transforming initiatives from exhibition to real agricultural practices, reflecting the upgraded version of agricultural cooperation between China and Belt and Road countries [6].

Core Viewpoint - Baiguoyuan, the "first stock of fruit chain retail," has secured a crucial fundraising opportunity through a share placement to address its financial challenges and operational difficulties [1][3][4]. Fundraising Details - On September 21, Baiguoyuan announced a placement agreement to issue 279.5 million new H-shares at HKD 1.17 per share, representing a discount of approximately 19.31% from the previous closing price [1]. - The total amount raised from the placement is approximately HKD 327 million, with a net amount of about HKD 325 million expected to be fully utilized by June 30, 2026 [3]. - The funds will be allocated as follows: approximately 61.5% (HKD 200 million) for trade payables, about 30.8% (HKD 100 million) for repaying bank loans, and around 7.7% (HKD 25 million) for general operational and administrative expenses [3]. Operational Challenges - Baiguoyuan's revenue declined from HKD 11.391 billion in 2023 to HKD 10.273 billion in 2024, marking a year-on-year decrease of 9.81%, and it reported a net loss of HKD 386 million [4]. - In the first half of 2025, revenue further dropped by 21.78% to HKD 4.376 billion, with a net loss of HKD 342 million, indicating a significant deterioration in financial performance [4]. - The number of Baiguoyuan stores decreased from 6,025 in June 2024 to 4,386 in June 2025, a reduction of 1,639 stores, as the company aims to optimize its retail network [4]. Debt Pressure - As of June 2025, Baiguoyuan had non-current bank borrowings of HKD 267 million and short-term bank borrowings of HKD 2.283 billion, while cash and cash equivalents totaled HKD 1.817 billion, insufficient to cover short-term debts [5]. - The company's debt-to-equity ratio increased from 89.3% at the end of the previous year to 103.5% in the first half of 2025, reflecting rising financial strain [5]. Market Response - Despite the poor fundamentals, the market reacted positively to the share placement, with Baiguoyuan's stock price rising by 20.69% to HKD 1.75 on September 22, the first trading day after the announcement [7]. - However, since its IPO on January 16, 2023, Baiguoyuan's stock price has declined by 74.11%, with a market capitalization of approximately HKD 2.232 billion as of September 19, 2025 [7]. Strategic Transformation - Baiguoyuan's strategy has shifted towards "high quality and high cost performance," with the placement funds supporting three main areas: supply chain optimization, store model upgrades, and digital empowerment [8]. - The company plans to enhance its own brand fruit share to 25% by 2026, upgrade store formats to include a mix of fresh produce and ready-to-eat items, and invest HKD 120 million in an AI selection system [8]. - Baiguoyuan aims to increase its store count by 100 in key regions by 2026, focusing on the Yangtze River Delta and the Guangdong-Hong Kong-Macau Greater Bay Area [8]. Future Outlook - Baiguoyuan's other brand, Guoduomei, may provide insights into potential growth strategies, as it has successfully expanded its offerings and maintained a strong market presence [9]. - The recent fundraising may alleviate immediate financial pressures, but the long-term viability of Baiguoyuan will depend on its ability to adapt to industry changes and improve operational efficiency [9].