资料显示，杭州士兰微电子股份有限公司位于浙江省杭州市黄姑山路4号，成立日期1997年9月25日，上 市日期2003年3月11日，公司主营业务涉及电子元器件、电子零部件及其他电子产品设计、制造、销 售；机电产品进出口。主营业务收入构成为：分立器件产品47.47%，集成电路40.37%，发光二极管产 品5.47%，其他3.60%，其他(补充)3.10%。 机构持仓方面，截止2025年6月30日，士兰微十大流通股东中，香港中央结算有限公司位居第二大流通 股东，持股6513.53万股，相比上期增加2268.12万股。华泰柏瑞沪深300ETF（510300）位居第五大流通 股东，持股2075.66万股，相比上期增加174.19万股。华夏国证半导体芯片ETF（159995）位居第六大流 通股东，持股2067.34万股，相比上期增加41.01万股。易方达沪深300ETF（510310）位居第八大流通股 东，持股1479.37万股，相比上期增加145.71万股。国联安中证全指半导体产品与设备ETF联接A （007300）位居第十大流通股东，持股1234.91万股，相比上期增加115.10万股。 士兰微所属申万行业为：电子-半 ...

江苏省昆山市是全国首批进口贸易促进创新示范区之一。在推动进口规模稳步扩大、结构不断优化的进 程中，昆山保税仓库的仓储能力与管理水平持续增强，境外直接进口额连年攀升。今年上半年，昆山保 税仓库境外直接进口入库金额超22亿元，同比增长21%。 南京海关所属昆山海关将地方产业优势与保税物流政策红利相结合，在昆山设置6座公用型保税仓库， 存储集成电路、塑胶材料、咖啡生豆等各类产品，以区域特色产业发展有效服务国内生产，促进进口贸 易与消费深度融合，助力内外贸一体化发展。 在昆山新亘宁供应链有限公司保税仓库，工人们正在卸下一批进口塑料粒。待客户下单后，这批产品将 发往国内一家塑料制品生产厂家。公司总经理韦强说："我们对仓库硬件设施、信息化系统、库区及卸 货码头都做了改造升级，后期将增加食品、日化用品等存储业务，预计到年底进出口值将超3亿元。" 以博世（上海）安保系统有限公司为代表的大型国际企业，立足昆山保税仓库建立区域化仓储中心，发 挥昆山在交通运输、地理位置等方面的优势，以高效的流转效率和精准的分拨管理水平联通国内相关产 业上下游，并有效辐射东亚市场。昆山海关针对保税仓储企业市场定位、经营范围等不同情况，量身定 制监管 ...

表[Table_Main] 证券研究报告 行业研究|深耕安徽 2025 年 8 月 25 日 [Table_Title] 科创名城再蓄力，先进产业塑星海 ——"深耕安徽"系列专题报告之合肥篇 [Table_Summary] 报告要点： 聚焦安徽十年跨越式发展，我们推出《"深耕安徽"系列专题报告》， 为企业家解读安徽省产业政策规划、为投资人挖掘产业投资机遇、为 政府机构梳理产业链上下游关键节点。作为深耕安徽区域篇中聚焦省 会合肥的重要篇章，本文从政策与产业视角复盘合肥产业变迁以及背 后的发展规律，并详细拆解"6+5+X"核心产业在合肥的发展和布局， 在分析区域发展规律的同时呈现出可以按图索骥投资合肥，布局合肥 的产业链地图。 二十年中部崛起最强黑马，科创引领接续发力 合肥市位于安徽省中部，1952 年被确立为安徽省会，下辖四区（蜀山、 庐阳、瑶海、包河）、四县（长丰、肥东、肥西、庐江）、一县级市（巢 湖）。2024 年，合肥市实现 GDP 总值 13,508 亿元，同比增长 6.1%。 GDP 总量在全国各省会、直辖市及计划单列市中位列第 17 位，较 2000 年上升 10 个位次。2000 年-2024 年 ...

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]

"从今年整体趋势看，京津冀区域出口持续向好。"北京海关相关负责人表示，今年4月至7月，京津冀区 域实现连续4个月出口同比增长，月度出口规模均超1200亿元。7月份，京津冀区域出口1242亿元,增长 9.8%，月度出口规模、同比增速均创年内新高。 转自：北京日报客户端 记者8月24日从北京海关获悉，今年前7个月，京津冀区域进出口2.64万亿元，占我国进出口总值的 10.3%。其中，出口8134.3亿元，首次突破8000亿元，同比增长3.6%，创历史同期新高。 今年年初，长城等4000余辆国产品牌商品车，从天津港环球滚装码头发往海外，创下近年来天津港单船 外贸出口商品车的新纪录，而这批出口车辆均为"北京研发、津冀制造"，产业协同正助力中国汽车加速 走向海外。 前7个月，京津冀三地在信息技术、生物医药、高端装备等领域紧密协作，优势互补。北京市电子技 术、集成电路出口增长13.4%、4.5%；天津市船舶、医药材出口增长174%、2.6%；河北省汽车零配件 出口增长13.1%。 此外，今年前7个月京津冀区域对贸易伙伴出口额保持增长势头，对共建"一带一路"国家出口4711.1亿 元，增长6.5%，占同期区域出口总值的57 ...

进出口规模创历史新高、"朋友圈"不断扩大、民营企业持续创新……数据显示，今年前7个月，我国货 物贸易进出口总值25.7万亿元，同比增长3.5%。在外部挑战之下，我国货物进出口持续增长，展现出较 强韧性和活力，为世界经济复苏注入了中国力量。 粤港澳大湾区内地9市出口近七成的数 字照相机、超八成的3D打印机,进口超四成 的存储器、超六成的电脑处理部件。 1人民 "朋友圈"扩围拓展 中国 民 多元化成效继续显现 1-7月份,我国对新兴及其他市场进出口增 长5%,占比65.5%,同比提高0.9个百分点。 the first the 对东盟、非洲进出口分别增长9.4%、 17.2%,均明显高于整体。 对共建"一带一路"国家进出口占比提升 至51.7%。 创新底色更加鲜明 1-7月份,我国机电产品占出口比重六 成,其中出口高端机床同比增长23.4%,出 口代表绿色低碳的"新三样"产品增长 14.9%。 航线延伸,贸易伙伴遍布五洲四海。中国 是150多个国家和地区的主要贸易伙伴。 我国丝路电商伙伴国已达35个,建成120个 线上线下国家馆,在19个国家建设了65个直采 基地,举办了100多场电商"云上大讲堂"业 务培训,有 ...

龙迅半导体（合肥）股份有限公司 章 程 二〇二五年八月 第一章 总则 第一条 为规范龙迅半导体（合肥）股份有限公司（以下简称"公司"）的组织 和行为，维护公司、股东及债权人的合法权益，根据《中华人民共和国公司法》 （以 下简称《公司法》）、 《中华人民共和国证券法》 （以下简称《证券法》） 《上市公司章 程指引》 《上海证券交易所股票上市规则》《上海证券交易所科创板股票上市规则》 和其他有关规定，制订本章程。 第二条 公司系依《公司法》和其他有关规定设立的股份有限公司。公司是由龙 迅半导体科技（合肥）有限公司以整体变更的方式发起设立的股份有限公司。公司 在安徽省市场监督管理局注册登记，领取了《营业执照》，统一社会信用代码： 第三条 公司于 2023 年 1 月 4 日经中国证券监督管理委员会（以下简称"中国 证监会"）同意注册，首次向社会公众发行人民币普通股 17,314,716 股，于 2023 年 2 月 21 日在上海证券交易所科创板上市。 第四条 公司注册名称：龙迅半导体（合肥）股份有限公司，英文名称：Lontium Semiconductor Corporation 第五条 公司住所：安徽省合肥市经 ...

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]

anafil IUF STEFET 创新能力: 自立自强有底气 "十四五"时期,面对全球新一轮科技 革命和产业变革带来的激烈竞争,我国 深入实施创新驱动发展战略,加快推过 高水平科技自立自强,基础前沿研究或 现新突破,战略高技术领域迎来新跑 越,科技体制改革打开新局面。 科技迈上新台阶 创新被提到前所未有的重要位置 2024年 全社会研发经费投入规模比"十三 五"时期末增长近50%，增量达到 1.2万亿元 研发投入强度提高到2.68%，接近 OECD (经济合作与发展组织) 国 家平均水平 企业研发投入占比超过77% 科技创新和产业创新深度融合 中国空间站"天宫"全面建成并 转入常态化运营 全球第一座第四代核电站石岛湾 基地投入商业运行 大型液化天然气运输船全球领先 一个个"第一次""全球首个"背后,是我 国科技创新推动产业升级迈出的铿锵步伐, 是众多领域加速实现从量变到质变、从跟跑 到领地的历史性跨越 基础研究投入对科技进步、 经济社会发展产生深远影响 "十四五"以来，我国基础研究领域 成果数量和质量显著提升 2024年，全社会基础研究投入 提高到2497亿元,占全社会研 发投入比例达到6.91% "势能" ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The main contract of Shanghai copper fluctuated weakly, with a decrease in open interest, a premium in the spot market, and a strengthening basis. The fundamentals of the mining end show an increase in overseas mine supply, and the TC spot index has significantly rebounded due to traders' shipments. On the supply side, due to the increase in copper ore supply and the relatively firm operation of the spot, smelters are more enthusiastic about production, and domestic supply has increased. On the demand side, the impact of the consumption off - season has weakened, and there is a slight improvement in consumption during the transition from the off - season to the peak season. Downstream inquiries have become more active, with some advance stocking demand emerging, and demand expectations are warming. Overall, the fundamentals of Shanghai copper may be in a situation of both supply and demand increasing, with inventories remaining at a medium - low level, and industry expectations are improving. In the options market, the call - put ratio of at - the - money options is 1.13, a decrease of 0.1029 compared to the previous period. The options market sentiment is bullish, and the implied volatility has slightly increased. The operation suggestion is to conduct light - position oscillating trading, paying attention to controlling the rhythm and trading risks [2]. 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract of Shanghai copper is 78,540 yuan/ton, a decrease of 100 yuan; the price of LME 3 - month copper is 9,692.50 dollars/ton, a decrease of 28 dollars. The spread between the main contract and the next - month contract is 20 yuan/ton, with no change. The open interest of the main contract of Shanghai copper is 128,034 lots, a decrease of 7,831 lots. The net position of the top 20 futures holders of Shanghai copper is - 506 lots, a decrease of 5,699 lots. The LME copper inventory is 156,350 tons, an increase of 1,200 tons; the LME copper cancelled warrants are 10,750 tons, a decrease of 500 tons. The inventory of cathode copper in the Shanghai Futures Exchange is 86,361 tons, an increase of 4,428 tons; the warehouse receipts of cathode copper in the Shanghai Futures Exchange are 25,157 tons, a decrease of 2,856 tons [2]. 3.2 Spot Market - The price of SMM 1 copper spot is 78,800 yuan/ton, an increase of 30 yuan; the price of 1 copper spot in the Yangtze River Non - Ferrous Metals Market is 78,775 yuan/ton, an increase of 30 yuan. The CIF (bill of lading) price of Shanghai electrolytic copper is 57 dollars/ton, with no change; the average premium of Yangshan copper is 52.50 dollars/ton, with no change. The basis of the CU main contract is 260 yuan/ton, an increase of 130 yuan; the LME copper cash - to - 3 - month spread is - 90.75 dollars/ton, an increase of 6.10 dollars [2]. 3.3 Upstream Situation - The monthly import volume of copper ore and concentrates is 2.5601 million tons, an increase of 210,500 tons. The TC of domestic copper smelters is - 37.68 dollars/thousand tons, an increase of 0.38 dollars. The price of copper concentrates in Jiangxi is 69,080 yuan/metal ton, an increase of 20 yuan; the price of copper concentrates in Yunnan is 69,780 yuan/metal ton, an increase of 20 yuan. The processing fee for crude copper in the south is 900 yuan/ton, with no change; the processing fee for crude copper in the north is 750 yuan/ton, with no change. The monthly output of refined copper is 1.27 million tons, a decrease of 32,000 tons. The monthly import volume of unwrought copper and copper products is 480,000 tons, an increase of 20,000 tons [2]. 3.4 Industry Situation - The weekly social inventory of copper is 418,200 tons, an increase of 43,000 tons. The price of 1 bright copper wire scrap in Shanghai is 55,140 yuan/ton, a decrease of 300 yuan; the price of 2 copper scrap (94 - 96%) in Shanghai is 67,800 yuan/ton, a decrease of 150 yuan. The ex - factory price of 98% sulfuric acid of Jiangxi Copper is 640 yuan/ton, with no change [2]. 3.5 Downstream and Application - The monthly output of copper products is 2.1694 million tons, a decrease of 45,100 tons. The cumulative value of completed investment in power grid infrastructure construction is 291.066 billion yuan, an increase of 87.08 billion yuan. The cumulative value of completed investment in real estate development is 5,357.977 billion yuan, an increase of 692.221 billion yuan. The monthly output of integrated circuits is 4,689,220,700 pieces, an increase of 183,435,300 pieces [2]. 3.6 Options Situation - The 20 - day historical volatility of Shanghai copper is 6.89%, a decrease of 0.19%; the 40 - day historical volatility of Shanghai copper is 9.52%, with no change. The implied volatility of at - the - money options is 9.2%, an increase of 0.0051. The call - put ratio of at - the - money options is 1.13, a decrease of 0.1029 [2]. 3.7 Industry News - The Fed's July meeting minutes showed that many participants believed that the current interest rate was not far from the neutral level, and most officials thought it appropriate to keep the interest rate unchanged. China's new LPR remained unchanged for three consecutive months. The Fed's July meeting minutes also showed that almost all policymakers supported not cutting interest rates in July, and there were differences among officials regarding inflation, employment risks, and the impact of tariffs on inflation. President Xi Jinping emphasized the importance of maintaining political stability, social stability, ethnic unity, and religious harmony in Tibet and promoting major projects such as the Yarlung Zangbo River hydropower project and the Sichuan - Tibet Railway [2].