5.5 业企业盈利能力继续修复---0528宏观脱水 [viP会员 定在155日元/美元附近。 更有利于日元的上涨。 4,000 -2,000 。外资是日元的核心影响因素。 30% 道琼斯 100.2 张艺璇 05-28 14:50 (%) 5.0 3.5 长。 12 字数 2,702 | 阅读需 7分钟 衡。日元供需的整体改善还不足以推动日元的上涨。日本政府在第二季度实施的日元买 增长和周期的抓手在于金融条件能否宽松。 4.5 4.0 3.0 16 日元贬值压力缓解，中金认为美股不宜追高，工 。尽管新的NISA计划鼓励散户进行海外投资，利空日元，且外国直接投资(FDI)也一直抛 售日元。海外证券投资 (FPI) 是个摇摆项, 过去两个季度买入, 带动日元供需整体平 进行了有效调整的行业，盈利能力有望逐步改善。 迅速，外国直接投资(FDI)也是日元的一个抛售因素。 有限，更多是建立在未来宏观周期方向的预期上。 紧,反过来也会对周期的修复造成约束。 和周期的抓手在于金融条件能否宽松。 日元贬值压力缓解（花旗） 兑日元将稳定在155日元/美元附近。 信托中的权重增加。 体平衡。 7,000 JPY sale (J ...

参会者均处于静音状态下面开始播面再声明声明完毕后主持人可直接开始发言本次会议为中国国际金融股份有限公司中金公司闭门会议请现受邀嘉宾参会未经中金公司和演讲嘉宾书面许可任何机构和个人不得以任何形式将会议内容和相关信息独白公布转发转载传播复制编辑修改等 如有上述违法行为中兴公司保留追究相关方法律责任的权利This meeting is a closed-door meeting of China International Capital Corporation Limited, CICC, and only invited guests allowed to attend.Without the written permission of CICC and the speaker, no organization or individual is allowed to punish, forward, reprint, disseminate, copy, 好的大家晚上好我是中兴公司科技硬件行业分析师程江生再次感谢大家每周日的晚上8点半参加我们的电子决定会议这周的主要主题其实还是围绕着算力相关硬件的 投资机会来展 ...

感谢大家参加本次会议会议即将开始请稍后 大家好欢迎参加中坚公司同道列品EQ80野球后小组交流会目前所有项目都均处于静音状态现在开始播报声明播报完毕后主持人可自行发言谢谢 本次会议为中国国际金融股份有限公司中金公司闭门会议仅限受邀嘉宾参会未经中金公司和演讲嘉宾书面许可任何机构和个人不得以任何形式将会议内容和相关信息对外公布转发转载传播复制编辑修改等如有上述违法行为中金公司保留追究相关方法律责任的权利 这次会议是中国国际资产合作组织国际会议的关闭式会议CICC 只有邀请客人可以参加与合作组织合作组织合作组织合作组织合作组织合作组织合作组织 各位粉丝们上午好,欢迎大家参加广告猎听的2024年EGB交流会我是中间公司研究队青春营社组的师弟今天和我一起主持的还有中间社组组的蒋灵钢老师和互联网组的关于我老师 那今天的话我们也是非常有幸邀请到了同道类P&R团队的张总和王总和我们交流今天我们主要分为两个环节首先的话还是先由公司简单介绍一下EPB的经营情况然后我们也进入到QA环节我们现在先把时间交给公司领导好谢谢感谢大家今天来参加这个交流会然后也感谢中间的组织 那因为我们是上周五才发了一季度的业绩所以这边我们也给大家recap ...

CICC负责调查相关的法律责任 大家好欢迎大家参加中英电车下午茶我是中英汽车组的盛景凯那么下面的话由我先给大家汇报一下汽车组最近的一个观点那么我的汇报分为两个部分第一部分呢是我们上周发布的一个汽车零部件出海系列的第三篇那么第二个的话就是上周的像李响和小彤的这个业绩之后的一个这个评论 那么我先汇报一下我们这个汽车零部件出海系列的第三篇的内容那么第三篇的主题是海外政策短期实质性影响有限那么建议持续关注东南亚及欧洲出海机遇那么我们这个系列报告的话会持续的按照季度更新和跟踪海外主要市场的一个整车产销的景气度的情况包括新能源渗透率的变化以及进出口等相关的政策和相关的公司的一个进展 那麼依季度來看的話海外各個市場的一個產銷的跟踪的結論如下那麼第一呢是美國美國這邊的話EQRS銷量同比向好那麼新能源的這個滲透率環比也微降那麼渠道這個壘庫和折扣加大也是支撐車市復蘇的一個這個重要的點那麼從格局上來看的話豐田和本田的HV車型又一起突出的性價比優勢銷量同比呈現了超過50%的增長 那么墨西哥方面的话它主要是服务美加的需求那么产销是稳健修复的一个状态那么新能源方面来看的话当地电价高技术设施比较落后那么新能源渗透率是保持在0.5%以下的短 ...

本次会议为中国国际金融股份有限公司中金公司闭门会议仅限受邀嘉宾参会 未经中金公司和演讲嘉宾书面许可任何机构和个人不得以任何形式将会议内容和相关信息对外公布转发转载传播复制编辑修改等如有上述违法行为中金公司保留追究相关方法律责任的权利This meeting is a closed-door meeting of China International Capital Corporation Limited, CICC and only invited guests are allowed to attend.Without the written permission of CICC and the speaker,no organization or individual is allowed to punish,forward,reprint,disseminate,copy,edit,or modify the meeting contents and relevant information in any form.CICC reserves the right to investigate the ...

东诚药业线上交流会 20240523 中金_原文 2024 年 05 月 23 日 11:12 发言人 00:08 感谢大家参加本次会议。会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain on the line. 发言人 00:31 感谢大家参加本次会议。会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain on the line. 发言人 00:54 感谢大家参加本次会议。会议即将开始，请稍后。 Thanks for your participation. The meeting is ready to start. Please remain on the line. 发言人 01:18 感谢大家参加本次会议，大家好，欢迎参加中金医药东城药业线上交流会。目前所有参会者均处于静音状 态，下面开始播报免责声明。声明，播报完毕后，主持人可直接开始发言。 发言人 01: ...

Financial Data and Key Metrics Changes - The company's total revenue reached RMB 86.8 billion, representing a 131% year-over-year growth [2][5] - Online marketing services and other revenues amounted to RMB 42.5 billion, a 56% increase compared to the same period last year [5] - Transaction service revenue was RMB 44.4 billion, showing a 327% increase year-over-year [5] - Non-GAAP operating profit for the quarter was RMB 260 billion, compared to RMB 69 billion in the same quarter last year [11] - Net income attributable to ordinary shareholders was RMB 28 billion, up from RMB 8.1 billion in the same quarter last year [12] Business Line Data and Key Metrics Changes - The company continues to invest heavily in agricultural technology and innovation, supporting various competitions and training for local merchants [4] - The agricultural sector remains a core focus, with ongoing initiatives to enhance supply chain efficiency and digital capabilities [7] Market Data and Key Metrics Changes - The overall consumption market showed a strong start in the first quarter, with sustained online consumption and increasing online retail penetration [10] - The company has implemented promotional activities to stimulate consumer demand during festive seasons, contributing to robust growth [10] Company Strategy and Development Direction - The company is committed to high-quality development, focusing on enhancing consumer experience, supply chain efficiency, and compliance capabilities [2][9] - There is a strong emphasis on building a compliant ecosystem to ensure sustainable growth and attract quality merchants [2][13] - The company aims to deepen its global business strategy, focusing on supply chain, service, and compliance improvements [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of the e-commerce market, despite short-term fluctuations in financial performance [11][13] - The company is focused on creating long-term value rather than being swayed by quarterly results, indicating a commitment to sustained investment in growth opportunities [11][13] Other Important Information - The company has initiated a series of social responsibility programs, including support for the elderly and educational initiatives [4] - The company is actively enhancing its logistics capabilities, particularly in remote areas, to improve service delivery [10] Q&A Session Summary Question: What is the strategic thinking behind the global business? - The company is in the exploratory phase of its global business and aims to enhance supply chain capabilities and compliance standards to support growth [7] Question: Will marketing expenses slow down in the future? - The focus is on long-term value creation rather than short-term financial metrics, with continued investment in growth opportunities [7][13] Question: What is the growth potential in agriculture? - Agriculture remains a foundational aspect of the business, with significant opportunities for improvement in digital operations and supply chain efficiency [7][13] Question: How does the company view the competitive landscape? - The company welcomes healthy competition and prioritizes consumer value creation, adapting to changing consumer needs [13]

Key Points Industry/Company Involved - **Company:** 中国国际金融股份有限公司 (中金公司) - **Event:** 闭门会议 Core Views and Arguments - **[1]** The meeting is a closed-door session hosted by China International Capital Corporation (CICC) and is exclusive to invited guests. - **[2]** The meeting is strictly confidential and no institution or individual is allowed to publicly disclose, forward, reproduce, edit, modify, or distribute the content and relevant information without the written permission of CICC. - **[3]** CICC reserves the right to pursue legal responsibility for any violations of the aforementioned regulations. Other Important Content - **[4]** The meeting is intended to provide insights and analysis on specific industry or company topics, but the specific details are not provided in the document.

好 欢迎参加中金纺织服装珠宝与机械纺织出口景气延续关注设备端受益机会目前所有参会者正处于静音状态 下面开始播报名字声明本次会议为中国国际金融股份有限公司中金公司闭门会议 仅限受邀嘉宾参会 未经中金公司和演讲嘉宾书面许可任何机构和个人不得以任何形式将会议内容和相关信息对外公布转发转载传播复制编辑修改等如有上述违法行为中金公司保留追究相关方法律责任的权利This meeting is a closed-door meeting of China International Capital Corporation Limited CICCand only invited guests allowed to attend Without the written permission of CICC and the speaker, no organization or individual is allowed to punish, forward, reprint, disseminate, copy, edit or modify the meeting contents and relevant informa ...

大家好欢迎参加中金公司中金电车下午茶电话会议目前所有参会者均处于静音状态前面开始播报每次声明声明播完毕后主持人可以直接开始发言谢谢本次会议为中国国际金融股份有限公司中金公司闭门会议仅限受邀嘉宾参会 未经中金公司和演讲嘉宾书面许可任何机构和个人不得以任何形式将会议内容和相关信息对外公布转发转载传播复制编辑修改等如有上述违法行为中金公司保留追究相关方法律责任的权利This meeting is a closed-door meeting of China International Capital Corporation Limited, CICC and only invited guests are allowed to attend. Without the written permission of CICC and the speaker,no organization or individual is allowed to punish, forward, reprint, disseminate, copy, edit or modify the meeting contents and relev ...