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不确定时代的“上海韧性”
远川研究所· 2025-10-26 13:08
Core Viewpoint - The article emphasizes Shanghai's resilience and strategic vision in navigating the challenges of globalization and technological advancement, particularly in the semiconductor industry and service consumption sector [4][6][19]. Group 1: Shanghai's Economic Transformation - Shanghai has evolved into China's largest financial center and the world's busiest port, contributing significantly to national fiscal revenue despite having only 0.06% of the country's land and less than 2% of its population [3]. - The city has shown remarkable growth in key industries, with manufacturing output increasing by 8.5% year-on-year, and specific sectors like integrated circuits and artificial intelligence growing by 11.3% and 12.8% respectively [19]. - Shanghai's strategic focus on high-tech industries, particularly in semiconductors, has been a long-term commitment dating back to 1998, showcasing the city's ambition and foresight [12][16]. Group 2: Innovation and Ambition - The concept of "ambition level," introduced by industry expert Lu Feng, highlights the importance of long-term vision and strategic decision-making in driving innovation, especially in complex industries like semiconductors [10][11]. - Shanghai's commitment to the semiconductor industry has led to the establishment of the Zhangjiang Microelectronics Development Zone, which has become a hub for chip production, housing half of the nation's chip capabilities [15][19]. - The success story of Cambrian, a chip company that pivoted from being a technology licensor to a smart computing system provider, illustrates the resilience and adaptability of Shanghai's tech ecosystem [18]. Group 3: Service Consumption Shift - Shanghai is transitioning from a focus on goods consumption to a service-oriented economy, with service consumption contributing nearly 60% to total retail sales, significantly outpacing goods retail [23][26]. - The city has seen a remarkable increase in per capita service consumption expenditure, which is double that of Chongqing, indicating a shift in consumer behavior towards service experiences [23][26]. - Events like the Egyptian exhibition at the Shanghai Museum have demonstrated the potential of cultural service consumption, attracting millions of visitors and showcasing the city's ability to innovate in the service sector [25]. Group 4: Resilience and Cultural Identity - Shanghai's resilience as a global metropolis is attributed to its robust industrial foundation and the harmonious coexistence of financial capital with industrial and agricultural advancements [30][31]. - The city's ability to maintain high agricultural productivity while being a major urban center reflects its unique economic structure, which combines industry and culture [31]. - The article concludes that Shanghai's future success will depend on its capacity to adapt and innovate in response to changing global dynamics, emphasizing the importance of both industrial and cultural development [28][31].
芯片IP独角兽来了!高榕资本、经纬中国、红杉中国坐等上市盛宴
IPO日报· 2025-04-14 04:45
星标 ★ IPO日报 精彩文章第一时间推送 4月7日至4月11日,据证监会官网新增披露,珠海富士智能股份有限公司(下称"富士智能")、芯 耀辉科技股份有限公司(下称"芯耀辉")、上海西井科技股份有限公司(下称"西井科技")等3家 公司进行了上市辅导备案。 至此,4月披露的进行上市辅导备案的公司增至7家。 2025年3月5日,富士智能在新三板挂牌,证券代码为873074,股票简称"富士智能"。 公开转让说明书显示,2021年-2023年及2024年前五个月,富士智能的营业收入分别为6.28亿元、5.69亿 元、8.62亿元和3.51亿元, 2022年下滑之后,2023年大幅增长;归母净利润分别为5817万元、2954万 元、3087万元和3266万元,呈现大幅波动的趋势。 2022年-2023年,富士智能的毛利率分别为19.9%、17.3%,净利率分别为5.1%、3.6%。无论是毛利率 还是净利率,公司在2023年均呈现下滑趋势。 股份方面,富士智能股东鲁少洲和董春涛通过直接或间接控制公司的股份比例分别为 31.92%和 31.22%, 合计控制公司 63.14%的股份,相互之间控制的比例较为接近,不属于股权较 ...